Market outlook for 20/11/2014

Nifty closed down 43.60 points (0.52%) at 8382.30 while Future closed at 8409.55, premium of 27.25 points.
Bank Nifty closed down 116.90 points (0.66%) at 17585.65 while Future closed at 17637.15, premium of 51.50 points.

• FII bought in Cash (Net buy 71.80 Crore)
• FII bought in index future, index option and in stock future (Net buy 1321.18 Crore)
• DII sold in Cash (Net sell 491.26 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 537:1019.
• McClellan's oscillator for NSE at -01.

NIFTY TECHNICAL

Current Spot: 8382.30
Pivot: 8399
5DEMA: 8393
10DEMA: 8352
20DEMA: 8257
50DEMA: 8120
RSI (14 days): 67.64
Parabolic SAR: 8361
Supports: 8343 - 8304 - 8248
Resistance: 8438 - 8495 - 8534

Nifty Future VWAP: 8420.86
Nifty Future VIX Range: 8352 - 8473
MP Values Nifty Future: VAH - 8431, POC - 8408, VAL - 8387

TARGET NIFTY
Buy Nifty Future above 8431 - 8445 - 8480 - 8525 SL - 8408
Sell Nifty Future below 8397 - 8385 - 8350 - 8305 SL - 8426

BANKNIFTY TECHNICAL

Current Spot: 17585.65
Pivot: 17629
5DEMA: 17581
10DEMA: 17429
20DEMA: 17085
50DEMA: 16509
RSI (14 days): 70.38
Parabolic SAR: 17521
Supports: 17513 - 17441 - 17325
Resistance: 17702 - 17818 - 17890

Bank Nifty Future VWAP: 17672.32
Bank Nifty Future VIX Range: 17441 - 17823
MP Values Bank Nifty Future: VAH - 17735, POC - 17691, VAL - 17647

TARGET BANKNIFTY
Buy BankNifty Future above 17691 - 17735 - 17815 - 17900 SL - 17647
Sell BankNifty Future below 17611 - 17580 - 17515 - 17430 SL - 17682

INTRADAY TRADE
Zeel: Buy above 390 for targets of 393, 397 SL 386
Hindunilvr: Buy above 762 for targets of 766, 773 SL 757

SCORE SHEET
Idfc: Buy above 163 for targets of 164.5, 167 SL 160: Call not Active
Relcapital: Buy above 527 for targets of 532, 542 SL 519: Call not Active

POSITIONAL TRADE
Srf: Buy above 910 for target of 960 SL 894 (2-3 Days)
Akshoptfbr: Buy above 19.5 for target of 22.0 SL 18.9 (1 Week)

Thanks and Regards

MarketPulse S&P