Market outlook for 18/11/2014

Nifty closed up 40.85 points (0.49%) at 8430.75 while Future closed at 8452.95, premium of 22.20 points.
Bank Nifty closed up 63.60 points (0.38%) at 17640.40 while Future closed at 17705.40, premium of 65.00 points.

• FII bought in Cash (Net buy 656.37 Crore)
• FII sold in index future, index option and in stock future (Net sell 994.37 Crore)
• DII sold in Cash (Net sell 247.86 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 857:700.
• McClellan's oscillator for NSE at +16.

NIFTY TECHNICAL

Current Spot: 8430.75
Pivot: 8406
5DEMA: 8385
10DEMA: 8327
20DEMA: 8224
50DEMA: 8094
RSI (14 days): 74.32
Parabolic SAR: 8309
Supports: 8374 - 8317 - 8285
Resistance: 8463 - 8495 - 8552

Nifty Future VWAP: 8415.44
Nifty Future VIX Range: 8389 - 8516
MP Values Nifty Future: VAH - 8438, POC - 8406, VAL - 8374

TARGET NIFTY
Buy Nifty Future above 8459 - 8475 - 8500 - 8545 SL - 8415
Sell Nifty Future below 8413 - 8400 - 8365 - 8325 SL - 8438

BANKNIFTY TECHNICAL

Current Spot: 17640.40
Pivot: 17595
5DEMA: 17516
10DEMA: 17325
20DEMA: 16961
50DEMA: 16406
RSI (14 days): 74.33
Parabolic SAR: 17392
Supports: 17514 - 17388 - 17307
Resistance: 17722 - 17803 - 17929

Bank Nifty Future VWAP: 17636.28
Bank Nifty Future VIX Range: 17474 - 17876
MP Values Bank Nifty Future: VAH - 17688, POC - 17597, VAL - 17541

TARGET BANKNIFTY
Buy BankNifty Future above 17719 - 17775 - 17860 - 17980 SL - 17636
Sell BankNifty Future below 17634 - 17590 - 17475 - 17395 SL - 17688

INTRADAY TRADE
TataMotors: Buy above 549 for targets of 554, 564 SL 542
Pfc: Buy above 303 for targets of 306, 313 SL 296

SCORE SHEET
Asianpaint: Buy above 676 for targets of 682, 692 SL 669: Target 694.95 done
Hindalco: Buy above 158 for targets of 159.5, 163 SL 155: Target 159.05 done

POSITIONAL TRADE
Gati: Buy above 315 for target of 335 SL 303 (2-3 Days)
Suzlon: Buy above 15.2 for target of 17.5 SL 14.5 (1 Week)

Thanks and Regards

MarketPulse S&P