Monday, March 14, 2011

Market outlook for 15/03/11

Nifty closed up 86.05 points (1.58%) at 5531.50 while Nifty March Future closed at 5555.30 premium of 23.80 points.
Bank Nifty closed up 152.30 points (1.42%) at 10893.25 while March Future closed at 10948.25 premium of 55.00 points.

  • FII bought in Cash (Net buy 414.35 Crore)
  • FII bought in index future, index option but sold small in stock future (Net buy 1553.58 Crore)
  • DII bought in Cash (Net buy 7.65 Crore)
  • US market is trading in Red.
  • Global cues are flat to negative.
  • 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 772:610.

NIFTY TECHNICAL
Current Spot: 5531.50
Pivot: 5501
5DEMA: 5499
10DEMA: 5485
20DEMA: 5480
50DEMA: 5573
RSI (15 days): 52.00
Parabolic SAR: 5320
Supports: 5465 - 5398
Resistance: 5568 - 5604
Nifty Future VWAP: 5511.21
MP Values Futures: VAH - 5542, POC - 5506, VAL - 5470

TARGET NIFTY
Buy Nifty Future above 5559 - 5593 - 5633 - 5697 SL - 5519
Sell Nifty Future below 5513 - 5484 - 5413 - 5371 SL - 5535

BANKNIFTY TECHNICAL
Current Spot: 10893.25
Pivot: 10847
5DEMA: 10851
10DEMA: 10826
20DEMA: 10785
50DEMA: 10861
RSI (15 days): 52.44
Parabolic SAR: 11075
Supports: 10777 - 10661
Resistance: 10963 - 11033
Bank Nifty Future VWAP: 10871.84
MP Values Bank Nifty Futures: VAH - 10926, POC - 10866, VAL - 10806

TARGET BANKNIFTY
Buy BankNifty Future above 10956 - 11027 - 11110 - 11250 SL - 10886
Sell BankNifty Future below 10875 - 10813 - 10672 - 10588 SL - 10916

INTRADAY TRADE
Reliance Industries: Buy above 1021 for targets of 1025, 1031, 1040 SL 1008
Reliance Industries: Sell below 1005 for targets of 1003, 996, 984 SL 1013
Whirlpool: Buy above 243 for targets of 246, 250 SL 236
JetAirways: Buy above 473 for targets of 478, 485 SL 462

SCORE SHEET
IOB: Buy above 144.5 for targets of 146, 148 SL 143: Call not activated
TataGlobal: Buy above 102 for targets of 103, 105 SL 100: Target 104.20 achieved

POSITIONAL TRADE
Hitachihom: Buy above 205 for target of 230 SL 195 (One Week)
Relcapital: Buy above 565 for target of 598 SL 546 (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

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