Market outlook for 28/11/2014

Nifty closed up 18.45 points (0.22%) at 8494.20 while Future closed at 8547.05, premium of 52.85 points.
Bank Nifty closed up 46.55 points (0.26%) at 18022.50 while Future closed at 18143.00, premium of 120.50 points.

• FII bought in Cash (Net buy 389.73 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2775.98 Crore)
• DII bought in Cash (Net sell 336.85 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8500 and 8300.
• Advance Decline for the day was 824:703.
• McClellan's oscillator for NSE at -21.

NIFTY TECHNICAL

Current Spot: 8494.20
Pivot: 8486
5DEMA: 8475
10DEMA: 8441
20DEMA: 8356
50DEMA: 8199
RSI (14 days): 68.85
Parabolic SAR: 8384
Supports: 8465 - 8435 - 8414
Resistance: 8515 - 8536 - 8566

Nifty Future VWAP: 8535.25
Nifty Future VIX Range: 8493 - 8607
MP Values Nifty Future: VAH - 8540, POC - 8528, VAL - 8516

TARGET NIFTY
Buy Nifty Future above 8553 - 8565 - 8580 - 8605 SL - 8432
Sell Nifty Future below 8524 - 8515 - 8495 - 8470 SL - 8541

BANKNIFTY TECHNICAL

Current Spot: 18022.50
Pivot: 17992
5DEMA: 17987
10DEMA: 17843
20DEMA: 17504
50DEMA: 16845
RSI (14 days): 69.51
Parabolic SAR: 17891
Supports: 17929 - 17836 - 17773
Resistance: 18085 - 18148 - 18242

Bank Nifty Future VWAP: 18106.22
Bank Nifty Future VIX Range: 17958 - 18363
MP Values Bank Nifty Future: VAH - 18135, POC - 18093, VAL - 18051

TARGET BANKNIFTY
Buy BankNifty Future above 18157 - 18195 - 18260 - 18360 SL - 18093
Sell BankNifty Future below 18083 - 18055 - 17965 - 17890 SL - 18135

INTRADAY TRADE
Hindalco: Buy above 174 for targets of 176, 180 SL 171
Bhel: Buy above 286 for targets of 289, 298 SL 281

SCORE SHEET
Relcapital: Buy above 504 for targets of 509, 520 SL 494: Target 530.40 done
Dlf: Buy above 153 for targets of 155, 161 SL 149: Call not Active

POSITIONAL TRADE
Relcapital: Buy above 530 for target of 548 SL 521 (2-3 Days)
Arrowtex: Buy above 16.3 for target of 18 SL 15.6 (1 Week)

Thanks and Regards

MarketPulse S&P