Market outlook for 21/11/2014

Nifty closed up 19.60 points (0.23%) at 8401.90 while Future closed at 8420.35, premium of 18.45 points.
Bank Nifty closed up 59.40 points (0.34%) at 17645.05 while Future closed at 17679.15, premium of 34.10 points.

• FII sold in Cash (Net sell 477.15 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 792.09 Crore)
• DII bought in Cash (Net buy 101.62 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 564:970.
• McClellan's oscillator for NSE at -14.

NIFTY TECHNICAL

Current Spot: 8401.90
Pivot: 8389
5DEMA: 8396
10DEMA: 8361
20DEMA: 8271
50DEMA: 8129
RSI (14 days): 69.00
Parabolic SAR: 8456
Supports: 8366 - 8331 - 8309
Resistance: 8424 - 8446 - 8482

Nifty Future VWAP: 8398.48
Nifty Future VIX Range: 8365 - 8482
MP Values Nifty Future: VAH - 8407, POC - 8391, VAL - 8375

TARGET NIFTY
Buy Nifty Future above 8427 - 8438 - 8460 - 8495 SL - 8398
Sell Nifty Future below 8394 - 8385 - 8355 - 8335 SL - 8411

BANKNIFTY TECHNICAL

Current Spot: 17645.05
Pivot: 17625
5DEMA: 17602
10DEMA: 17468
20DEMA: 17138
50DEMA: 16550
RSI (14 days): 71.44
Parabolic SAR: 17547
Supports: 17567 - 17489 - 17432
Resistance: 17702 - 17760 - 17837

Bank Nifty Future VWAP: 17630.79
Bank Nifty Future VIX Range: 17500 - 17872
MP Values Bank Nifty Future: VAH - 17661, POC - 17628, VAL - 17595

TARGET BANKNIFTY
Buy BankNifty Future above 17692 - 17730 - 17790 - 17880 SL - 17630
Sell BankNifty Future below 17627 - 17600 - 17515 - 17450 SL - 17662

INTRADAY TRADE
Cairn: Buy above 267 for targets of 269, 272 SL 263
Hexaware: Buy above 224 for targets of 226, 230 SL 221

SCORE SHEET
Zeel: Buy above 390 for targets of 393, 397 SL 386: Call not Active
Hindunilvr: Buy above 762 for targets of 766, 773 SL 757: Target 765.00 done

POSITIONAL TRADE
Ingvysyabk: Buy above 825 for target of 863 SL 815 (2-3 Days)
Greenpower: Buy above 17.0 for target of 19.0 SL 16.3 (1 Week)

Thanks and Regards

MarketPulse S&P