Market outlook for 10/03/11

Nifty closed up 10.20 points (0.18%) at 5531.00 while Nifty March Future closed at 5541.80 premium of 10.80 points
Bank Nifty closed up 43.25 points (0.40%) at 10974.80 while March Future closed at 11003.00 premium of 28.20 points.

• FII bought in Cash (Net buy 131.17 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 299.58 Crore)
• DII bought in Cash (Net buy 112.99 Crore)
• US market is trading flat.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty March Call Option: 5500 and 5600.
• Most Active Nifty March Put Options: 5500 and 5400.
• Advance Decline for the day was 826:539

NIFTY TECHNICAL

Current Spot: 5531.00
Pivot: 5524
5DEMA: 5504
10DEMA: 5479
20DEMA: 5476
50DEMA: 5585
RSI (15 days): 52.17
Parabolic SAR: 5283
Supports: 5485 - 5438
Resistance: 5570 - 5610

Nifty Future VWAP: 5528.52
MP Values Futures: VAH - 5558, POC - 5532, VAL - 5506

TARGET NIFTY
Buy Nifty Future above 5546 - 5581 - 5623 - 5676 SL - 5528
Sell Nifty Future below 5522 - 5491 - 5438 - 5396 SL - 5536

BANKNIFTY TECHNICAL

Current Spot: 10974.80
Pivot: 10978
5DEMA: 10887
10DEMA: 10820
20DEMA: 10770
50DEMA: 10917
RSI (15 days): 54.71
Parabolic SAR: 11132
Supports: 10902 - 10828
Resistance: 11051 - 11127

Bank Nifty Future VWAP: 11011.18
MP Values Bank Nifty Futures: VAH - 11072, POC - 11026, VAL - 10980

TARGET BANKNIFTY
Buy BankNifty Future above 11011 - 11090 - 11182 - 11279 SL - 10993
Sell BankNifty Future below 10982 - 10912 - 10815 - 10722 SL - 11004

INTRADAY TRADE
Reliance Industries: Buy above 996 for targets of 1000, 1007, 1017 SL 986
Reliance Industries: Sell below 984 for targets of 981, 976, 965 SL 991
Jaysreetea: Buy above 160 for targets of 163, 168 SL 156
Deltacorp: Buy above 71 for targets of 72, 74 SL 69.8

SCORE SHEET
Satyamcomp: Buy above 65 for targets of 66, 68 SL 64: Target 66.50 achieved
Jindalpoly: Buy above 434 for targets of 439, 448 SL 427: Target 449.00 achieved

POSITIONAL TRADE
Mcleodruss: Buy above 251 for target of 270 SL 242 (One Week)
Amtekauto: Buy above 113 for target of 120 SL 110 (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