Sunday, March 27, 2011

Market outlook for 28/03/11

Nifty closed up 131.85 points (2.39%) at 5654.25 while Nifty March Future closed at 5680.70 premium of 26.45 points.
Bank Nifty closed up 316.95 points (2.86%) at 11387.30 while March Future closed at 11451.10 premium of 63.80 points.

  • FII bought huge in Cash (Net buy 1446.18 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 3292.54 Crore)
  • DII sold in Cash (Net sell 313.77 Crore)
  • US market ended in Green.
  • Global cues are flat to positive.
  • SGX nifty is flat to positive as of now.
  • Most Active Nifty March Call Option: 5600 and 5700.
  • Most Active Nifty March Put Options: 5600 and 5500.
  • Advance Decline for the day was 944:451.

NIFTY TECHNICAL
Current Spot: 5654.25
Pivot: 5627
5DEMA: 5528
10DEMA: 5494
20DEMA: 5481
50DEMA: 5546
RSI (15 days): 59.33
Parabolic SAR: 5348
Supports: 5588 - 5521
Resistance: 5694 - 5734
Nifty Future VWAP: 5628.57
MP Values Futures: VAH - 5676, POC - 5634, VAL - 5592

TARGET NIFTY
Buy Nifty Future above 5685 - 5723 - 5767 - 5833 SL - 5645
Sell Nifty Future below 5640 - 5606 - 5539 - 5488 SL - 5651

BANKNIFTY TECHNICAL
Current Spot: 11387.30
Pivot: 11315
5DEMA: 11073
10DEMA: 10963
20DEMA: 10881
50DEMA: 10875
RSI (15 days): 62.26
Parabolic SAR: 10194
Supports: 11209 - 11031
Resistance: 11493 - 11599
Bank Nifty Future VWAP: 11317.52
MP Values Bank Nifty Futures: VAH - 11494, POC - 11418, VAL - 11284

TARGET BANKNIFTY
Buy BankNifty Future above 11460 - 11533 - 11666 - 11802 SL - 11361
Sell BankNifty Future below 11349 - 11283 - 10207 - 11032 SL - 11372

INTRADAY TRADE
Reliance Industries: Buy above 1029 for targets of 1032, 1039, 1050 SL 1020
Reliance Industries: Sell below 1017 for targets of 1015, 1007, 997 SL 1025
Arevat&d: Buy above 247 for targets of 250, 254 SL 242
BataIndia: Buy above 384 for targets of 387, 392 SL 375

SCORE SHEET
Raymond: Buy above 322 for targets of 325, 331 SL 315: Target 336.9 achieved
Gitanjali: Buy above 236 for targets of 239, 245 SL 232: Target 240.4 achieved

POSITIONAL TRADE
Aloktext: Buy above 21.4 for target of 22.9 SL 21.1 (One Week)
Ruchisoya: Buy above 106 for target of 116 SL 103 (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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