Tuesday, November 25, 2014

Market outlook for 26/11/2014

Nifty closed down 67.05 points (0.79%) at 8463.10 while Future closed at 8466.50, premium of 3.40 points.
Bank Nifty closed down 244.90 points (1.34%) at 18037.05 while Future closed at 18062.20, premium of 25.15 points.
  • FII bought huge in Cash (Net buy 1168.94 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 64.70 Crore)
  • DII sold in Cash (Net sell 732.12 Crore)
  • Most Active Nifty Call Option: 8500 and 8600.
  • Most Active Nifty Put Options: 8500 and 8400.
  • Advance Decline for the day was 298:1263.
  • McClellan's oscillator for NSE at -49.
NIFTY TECHNICAL
Current Spot: 8463.10
Pivot: 8476
5DEMA: 8460
10DEMA: 8419
20DEMA: 8328
50DEMA: 8172
RSI (14 days): 67.16
Parabolic SAR: 8364
Supports: 8417 - 8370 - 8311
Resistance: 8522 - 8582 - 8628
Nifty Future VWAP: 8478.63
Nifty Future VIX Range: 8413 - 8532
MP Values Nifty Future: VAH - 8507, POC - 8483, VAL - 8459

TARGET NIFTY
Buy Nifty Future above 8488 - 8515 - 8560 - 8615 SL - 8477
Sell Nifty Future below 8458 - 8435 - 8395 - 8345 SL - 8486

BANKNIFTY TECHNICAL
Current Spot: 18037.05
Pivot: 18097
5DEMA: 17965
10DEMA: 17764
20DEMA: 17394
50DEMA: 16744
RSI (14 days): 70.85
Parabolic SAR: 17823
Supports: 17932 - 17828 - 17663
Resistance: 18202 - 18367 - 18471
Bank Nifty Future VWAP: 18105.09
Bank Nifty Future VIX Range: 17847 - 18273
MP Values Bank Nifty Future: VAH - 18178, POC - 18065, VAL - 18016

TARGET BANKNIFTY
Buy BankNifty Future above 18114 - 18200 - 18340 - 18540 SL - 18065
Sell BankNifty Future below 18035 - 17955 - 17835 - 17650 SL - 18106

INTRADAY TRADE
Ongc: Buy above 388 for targets of 391, 396 SL 383
Dabur: Buy above 245 for targets of 248, 252 SL 241

SCORE SHEET
Axisbank: Buy above 478 for targets of 482, 489 SL 474: Target 482.55 done
Voltas: Buy above 278 for targets of 281, 287 SL 274: Target 286.45 done

POSITIONAL TRADE
Zeel: Buy above 396 for target of 410 SL 392 (2-3 Days)
Bslimited: Buy above 23 for target of 26 SL 22.2 (1 Week)

Thanks and Regards

MarketPulse S&P

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