Market outlook for 14/03/11

Nifty closed down 48.95 points (0.89%) at 5445.45 while Nifty March Future closed at 5459.60 premium of 14.15 points.
Bank Nifty closed down 109.30 points (1.01%) at 10740.95 while March Future closed at 10774.70 premium of 33.75 points.

• FII sold in Cash (Net sell 243.58 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 544.15 Crore)
• DII bought in Cash (Net buy 112.24 Crore)
• US market ended in Green.
• Global cues are flat to positive.
• SGX nifty is positive as of now.
• Most Active Nifty March Call Option: 5500 and 5600.
• Most Active Nifty March Put Options: 5400 and 5300.
• Advance Decline for the day was 349:1047.

NIFTY TECHNICAL

Current Spot: 5445.45
Pivot: 5453
5DEMA: 5482
10DEMA: 5475
20DEMA: 5475
50DEMA: 5571
RSI (15 days): 46.82
Parabolic SAR: 5308
Supports: 5404 - 5362
Resistance: 5495 - 5544

Nifty Future VWAP: 5458.14
MP Values Futures: VAH - 5474, POC - 5448, VAL - 5422

TARGET NIFTY
Buy Nifty Future above 5467 - 5506 - 5543 - 5601 SL - 5452
Sell Nifty Future below 5451 - 5413 - 5363 - 5311 SL - 5465

BANKNIFTY TECHNICAL

Current Spot: 10740.95
Pivot: 10781
5DEMA: 10830
10DEMA: 10810
20DEMA: 10774
50DEMA: 10907
RSI (15 days): 49.17
Parabolic SAR: 11093
Supports: 10657 - 10574
Resistance: 10864 - 10988

Bank Nifty Future VWAP: 10801.17
MP Values Bank Nifty Futures: VAH - 10844, POC - 100788, VAL - 10732

TARGET BANKNIFTY
Buy BankNifty Future above 10811 - 10890 - 11010 - 11106 SL - 10789
Sell BankNifty Future below 10759 - 10687 - 10594 - 10475 SL - 10809

INTRADAY TRADE
Reliance Industries: Buy above 995 for targets of 997, 1001, 1007 SL 984
Reliance Industries: Sell below 982 for targets of 980, 976, 968 SL 989
IOB: Buy above 144.5 for targets of 146, 148 SL 143
TataGlobal: Buy above 102 for targets of 103, 105 SL 100

SCORE SHEET
KPIT: Buy above 170 for targets of 173, 178 SL 166: Target 179.00 achieved
Relmedia: Buy above 156 for targets of 158, 161 SL 152: Target 158.90 achieved

POSITIONAL TRADE
ONGC: Buy above 282 for target of 302 SL 275 (One Week)
Petronet: Buy above 117.5 for target of 125 SL 115 (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