Market outlook for 25/02/11

Nifty closed down 174.65 points (3.21%) at 5262.70 while Nifty March Future closed at 5279.35 premium of 16.65 points
Bank Nifty closed down 435.70 points (4.09%) at 10210.75 while March Future closed at 10254.30 premium of 43.55 points.

• FII sold huge in Cash (Net sell 2702.22 Crore)
• FII sold in index option, index future and stock future (Net sell 4823.84 Crore)
• DII bought in Cash (Net buy 1029.92 Crore)
• US market is trading flat.
• 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: 5400 and 5300.
• Advance Decline for the day was 151:1250

NIFTY TECHNICAL

Current Spot: 5262.70
Pivot: 5310
5DEMA: 5397
10DEMA: 5422
20DEMA: 5469
50DEMA: 5615
RSI (15 days): 35.87
Parabolic SAR: 5599
Supports: 5196 - 5129
Resistance: 5377 - 5490

Nifty Future VWAP: 5341.14
MP Values Futures: VAH - 5368, POC - 5302, VAL - 5260

TARGET NIFTY
Buy Nifty Future above 5330 - 5390 - 5502 - 5571 SL - 5312
Sell Nifty Future below 5271 - 5215 - 5148 - 5034 SL - 5329

BANKNIFTY TECHNICAL

Current Spot: 10210.75
Pivot: 10341
5DEMA: 10619
10DEMA: 10681
20DEMA: 10700
50DEMA: 10921
RSI (15 days): 39.37
Parabolic SAR: 11300
Supports: 10039 - 9867
Resistance: 10513 - 10815

Bank Nifty Future VWAP: 10424.72
MP Values Bank Nifty Futures: VAH - 10648, POC - 10512, VAL - 10328

TARGET BANKNIFTY
Buy BankNifty Future above 10381 - 10525 - 10800 - 10958 SL - 10359
Sell BankNifty Future below 10239 - 10102 - 9945 - 9670 SL - 10378

INTRADAY TRADE
Reliance Industries: Buy above 979 for targets of 983, 987, 999 SL 971
Reliance Industries: Sell below 969 for targets of 966, 961, 951 SL 977
Educomp: Buy above 491 for targets of 495, 500 SL 487
Jublfood: Buy above 542 for targets of 547, 558 SL 536

SCORE SHEET
Tatacomm: Buy above 221 for targets of 223, 227 SL 217: Target 230 achieved
SBT: Buy above 828 for targets of 842, 865 SL 801: Target 840.75 achieved

POSITIONAL TRADE
Nationalum: Buy above 432 for target of 462 SL 426 (One Week)
Mundraport: Buy above 147 for target of 154 SL 144 (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