Market outlook for 01/03/11

Nifty closed up 29.70 points (0.56%) at 5333.25 while Nifty March Future closed at 5338.00 premium of 4.75 points
Bank Nifty closed down 0.50 points (0.00%) at 10435.35 while March Future closed at 10443.00 premium of 7.65 points.

• FII sold in Cash (Net sell 39.86 Crore, Relentless Selling for the last few days)
• FII bought in index option, index future and stock future (Net buy 1816.41 Crore)
• DII bought in Cash (Net buy 317.38 Crore)
• US market is trading flat to positive.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty March Call Option: 5400 and 5500.
• Most Active Nifty March Put Options: 5200 and 5100.
• Advance Decline for the day was 788:585

NIFTY TECHNICAL

Current Spot: 5333.25
Pivot: 5373
5DEMA: 5355
10DEMA: 5388
20DEMA: 5442
50DEMA: 5590
RSI (15 days): 40.70
Parabolic SAR: 5578
Supports: 5269 - 5205
Resistance: 5437 - 5541

Nifty Future VWAP: 5384.06
MP Values Futures: VAH - 5432, POC - 5382, VAL - 5332

TARGET NIFTY
Buy Nifty Future above 5386 - 5452 - 5569 - 5641 SL - 5375
Sell Nifty Future below 5330 - 5268 - 5196 - 5079 SL - 5385

BANKNIFTY TECHNICAL

Current Spot: 10435.35
Pivot: 10515
5DEMA: 10517
10DEMA: 10600
20DEMA: 10652
50DEMA: 10883
RSI (15 days): 44.21
Parabolic SAR: 11256
Supports: 10285 - 10134
Resistance: 10665 - 10895

Bank Nifty Future VWAP: 10555.35
MP Values Bank Nifty Futures: VAH - 10650, POC - 10544, VAL - 10438

TARGET BANKNIFTY
Buy BankNifty Future above 10546 - 10699 - 10961 - 11128 SL - 10523
Sell BankNifty Future below 10427 - 10281 - 10115 - 9853 SL - 10543

INTRADAY TRADE
Reliance Industries: Buy above 978 for targets of 981, 988, 1005 SL 970
Reliance Industries: Sell below 963 for targets of 960, 954, 941 SL 975
Torntpower: Buy above 231 for targets of 233, 235 SL 229
Ster: Buy above 165 for targets of 167, 170 SL 163

SCORE SHEET
Arevat&d: Buy above 285 for targets of 289, 294 SL 278: Target 286.9 achieved
Pantaloonr: Buy above 278 for targets of 281, 287 SL 273: Target 297.0 achieved

POSITIONAL TRADE
Sunpharma: Buy above 424 for target of 447 SL 415 (One Week)
TVSMotor: Buy above 51 for target of 60 SL 46 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators