Market outlook for 14/11/2014

Nifty closed down 25.45 points (0.30%) at 8357.85 while Future closed at 8380.10, premium of 22.25 points.
Bank Nifty closed down 134.05 points (0.76%) at 17453.00 while Future closed at 17528.60, premium of 75.60 points.

• FII bought in Cash (Net buy 690.61 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 47.30 Crore)
• DII sold in Cash (Net sell 738.24 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 590:956.
• McClellan's oscillator for NSE at +11.

NIFTY TECHNICAL

Current Spot: 8357.85
Pivot: 8362
5DEMA: 8348
10DEMA: 8285
20DEMA: 8183
50DEMA: 8053
RSI (14 days): 70.90
Parabolic SAR: 8242
Supports: 8316 - 8274 - 8228
Resistance: 8404 - 8450 - 8491

Nifty Future VWAP: 8388.21
Nifty Future VIX Range: 8318 - 8450
MP Values Nifty Future: VAH - 8401, POC - 8378, VAL - 8355

TARGET NIFTY
Buy Nifty Future above 8393 - 8415 - 8450 - 8485 SL - 8378
Sell Nifty Future below 8368 - 8349 - 8315 - 8275 SL - 8391

BANKNIFTY TECHNICAL

Current Spot: 17453.00
Pivot: 17498
5DEMA: 17393
10DEMA: 17184
20DEMA: 16815
50DEMA: 16250
RSI (14 days): 72.02
Parabolic SAR: 17184
Supports: 17345 - 17237 - 17083
Resistance: 17606 - 17759 - 17867

Bank Nifty Future VWAP: 17568.81
Bank Nifty Future VIX Range: 17306 - 17724
MP Values Bank Nifty Future: VAH - 17613, POC - 17545, VAL - 17477

TARGET BANKNIFTY
Buy BankNifty Future above 17589 - 17670 - 17780 - 17900 SL - 17545
Sell BankNifty Future below 17502 - 17430 - 17315 - 17180 SL - 17585

INTRADAY TRADE
Hexaware: Buy above 223 for targets of 225, 230 SL 219
Upl: Buy above 360 for targets of 363, 369 SL 355

SCORE SHEET
Lichsgfin: Buy above 413 for targets of 417, 425 SL 407: Target 419.90 done
Axisbank: Buy above 482 for targets of 486, 492 SL 477: Target 485.90 done

POSITIONAL TRADE
Amtekauto: Buy above 221 for target of 233 SL 216 (2-3 Days)
Renuka: Buy above 18.3 for target of 20.5 SL 17.9 (1 Week)

Thanks and Regards

MarketPulse S&P