Tuesday, March 29, 2011

Market outlook for 30/03/11

Nifty closed up 49.10 points (0.86%) at 5736.35 while Nifty March Future closed at 5751.45 premium of 15.10 points.
Bank Nifty closed up 59.10 points (0.51%) at 11582.50 while March Future closed at 11614.40 premium of 31.90 points.
  • FII bought huge in Cash (Net buy 1291.54 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 724.74 Crore)
  • DII sold in Cash (Net sell 474.17 Crore)
  • US market is flat to positive as of now.
  • Global cues are flat.
  • SGX nifty is flat as of now.
  • Most Active Nifty March Call Option: 5700 and 5800.
  • Most Active Nifty March Put Options: 5700 and 5600.
  • Advance Decline for the day was 525:865.
NIFTY TECHNICAL
Current Spot: 5736.35
Pivot: 5729
5DEMA: 5633
10DEMA: 5567
20DEMA: 5523
50DEMA: 5564
RSI (15 days): 62.73
Parabolic SAR: 5372
Supports: 5688 - 5639
Resistance: 5778 - 5819
Nifty Future VWAP: 5749.87
MP Values Futures: VAH - 5764, POC - 5742, VAL - 5720

TARGET NIFTY
Buy Nifty Future above 5756 - 5792 - 5835 - 5884 SL - 5742
Sell Nifty Future below 5736 - 5705 - 5655 - 5612 SL - 5748

BANKNIFTY TECHNICAL
Current Spot: 11582.50
Pivot: 11583
5DEMA: 11343
10DEMA: 11159
20DEMA: 11003
50DEMA: 10939
RSI (15 days): 65.20
Parabolic SAR: 10335
Supports: 11507 - 11432
Resistance: 11658 - 11733
Bank Nifty Future VWAP: 11627.94
MP Values Bank Nifty Futures: VAH - 11660, POC - 11620, VAL - 11580

TARGET BANKNIFTY
Buy BankNifty Future above 11623 - 11697 - 11785 - 11875 SL - 11599
Sell BankNifty Future below 11594 - 11529 - 10438 - 11350 SL - 11618

INTRADAY TRADE
Reliance Industries: Buy above 1030 for targets of 1032, 1035, 1040 SL 1022
Reliance Industries: Sell below 1018 for targets of 1017, 1014, 1008 SL 1027
Mphasis: Buy above 426 for targets of 429, 435 SL 420
CorpBank: Buy above 610 for targets of 615, 625 SL 599

SCORE SHEET
IDFC: Buy above 160 for targets of 161.5,163.5 SL 158.5: Call not activated
GTOffshore: Buy above 262 for targets of 265, 272 SL 254: Target 266.85 achieved

POSITIONAL TRADE
IVRCLInfra: Buy above 82 for target of 89 SL 80 (One Week)
BindalAgro: Buy above 58 for target of 63 SL 56 (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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