Market outlook for 25/03/11

Nifty closed up 42.15 points (0.77%) at 5522.40 while Nifty March Future closed at 5545.80 premium of 23.40 points.
Bank Nifty closed up 112.25 points (1.02%) at 11070.35 while March Future closed at 11123.75 premium of 53.40 points.

• FII bought in Cash (Net buy 307.82 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1948.62 Crore)
• DII bought in Cash (Net buy 378.12 Crore)
• US market is trading in Green.
• Global cues are flat to positive.
• SGX nifty is flat to positive 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 831:547.

NIFTY TECHNICAL

Current Spot: 5522.40
Pivot: 5516
5DEMA: 5466
10DEMA: 5459
20DEMA: 5463
50DEMA: 5543
RSI (15 days): 52.64
Parabolic SAR: 5593
Supports: 5503 - 5483
Resistance: 5536 - 5549

Nifty Future VWAP: 5532.41
MP Values Futures: VAH - 5542, POC - 5532, VAL - 5522

TARGET NIFTY
Buy Nifty Future above 5550 - 5560 - 5576 - 5603 SL - 5532
Sell Nifty Future below 5528 - 5522 - 5496 - 5479 SL - 5545

BANKNIFTY TECHNICAL

Current Spot: 11070.35
Pivot: 11062
5DEMA: 10915
10DEMA: 10869
20DEMA: 10827
50DEMA: 10854
RSI (15 days): 56.30
Parabolic SAR: 10169
Supports: 11011 - 10951
Resistance: 11121 - 11172

Bank Nifty Future VWAP: 11070.35
MP Values Bank Nifty Futures: VAH - 11134, POC - 11104, VAL - 11072

TARGET BANKNIFTY
Buy BankNifty Future above 11132 - 11167 - 11216 - 11302 SL - 11081
Sell BankNifty Future below 11070 - 11043 - 10957 - 10908 SL - 11099

INTRADAY TRADE
Reliance Industries: Buy above 1017 for targets of 1019, 1024, 1032 SL 1009
Reliance Industries: Sell below 1005 for targets of 1003, 998, 991 SL 1014
Raymond: Buy above 322 for targets of 325, 331 SL 315
Gitanjali: Buy above 236 for targets of 239, 245 SL 232

SCORE SHEET
Glodyne: Buy above 437 for targets of 443, 455 SL 420: Target 458.4 achieved
HindOilexpo: Buy above 196 for targets of 199, 203 SL 192: Target 205.2 achieved

POSITIONAL TRADE
Unitech: Buy above 41 for target of 49 SL 131 (One Month)
Ktkbank: Buy above 106 for target of 117 SL 102 (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