Market outlook for 24/11/2014

Nifty closed up 75.45 points (0.90%) at 8477.35 while Future closed at 8492.40, premium of 15.05 points.
Bank Nifty closed up 411.25 points (2.33%) at 18056.30 while Future closed at 18097.40, premium of 41.10 points.

• FII bought in Cash (Net buy 122.50 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 334.39 Crore)
• DII bought in Cash (Net buy 137.59 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 652:889.
• McClellan's oscillator for NSE at -20.

NIFTY TECHNICAL

Current Spot: 8477.35
Pivot: 8455
5DEMA: 8423
10DEMA: 8382
20DEMA: 8290
50DEMA: 8145
RSI (14 days): 73.17
Parabolic SAR: 8353
Supports: 8421 - 8364 - 8330
Resistance: 8512 - 8546 - 8603

Nifty Future VWAP: 8478.05
Nifty Future VIX Range: 8429 - 8549
MP Values Nifty Future: VAH - 8512, POC - 8479, VAL - 8445

TARGET NIFTY
Buy Nifty Future above 8499 - 8525 - 8560 - 8605 SL - 8468
Sell Nifty Future below 8460 - 8435 - 8400 - 8355 SL - 8479

BANKNIFTY TECHNICAL

Current Spot: 18056.30
Pivot: 17971
5DEMA: 17754
10DEMA: 17575
20DEMA: 17226
50DEMA: 16626
RSI (14 days): 77.21
Parabolic SAR: 17547
Supports: 17802 - 17548 - 17379
Resistance: 18225 - 18394 - 18649

Bank Nifty Future VWAP: 18003.80
Bank Nifty Future VIX Range: 17898 - 18322
MP Values Bank Nifty Future: VAH - 18161, POC - 18081, VAL - 17887

TARGET BANKNIFTY
Buy BankNifty Future above 18111 - 18230 - 18390 - 18580 SL - 17984
Sell BankNifty Future below 17966 - 17850 - 17715 - 17550 SL - 18004

INTRADAY TRADE
Axisbank: Buy above 478 for targets of 482, 489 SL 474
Voltas: Buy above 278 for targets of 281, 287 SL 274

SCORE SHEET
Cairn: Buy above 267 for targets of 269, 272 SL 263: Target 273.40 done
Hexaware: Buy above 224 for targets of 226, 230 SL 221: Target 225.65 done

POSITIONAL TRADE
Cairn: Buy above 271 for target of 282 SL 268 (2-3 Days)
Moserbaer: Buy above 9.5 for target of 12.0 SL 9.2 (1 Week)

Thanks and Regards

MarketPulse S&P