Market outlook for 09/03/12

Nifty closed down 1.95 points (0.04%) at 5220.45 while Nifty Future closed at 5258.70, premium of 38.25 points.
Bank Nifty closed up 74.70 points (0.74%) at 10132.85 while Future closed at 10226.65, premium of 93.80 points.

• FII sold in Cash (Net sell 504.59 Crore)
• FII sold in index future, index option and in stock future (Net sell 1058.38 Crore)
• DII sold in Cash (Net sell 129.91 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 490:967.

NIFTY TECHNICAL

Current Spot: 5220.45
Pivot: 5212
5DEMA: 5273
10DEMA: 5319
20DEMA: 5330
50DEMA: 5211
RSI (14 days): 42.62
Parabolic SAR: 5450
Supports: 5180 - 5140 - 5108
Resistance: 5252 - 5284 - 5325
CAM Support: 5214 - 5207 - 5201 - 5181
CAM Resistance: 5227 - 5234 - 5240 - 5260
NF VIX Range: 5198 - 5320

Nifty Future VWAP: 5239.67
MP Values Nifty Future: VAH - 5256, POC - 5238, VAL - 5220

TARGET NIFTY
Buy Nifty Future above 5263 - 5289 - 5320 - 5365 SL - 5241
Sell Nifty Future below 5238 - 5216 - 5175 - 5140 SL - 5254

BANKNIFTY TECHNICAL

Current Spot: 10132.85
Pivot: 10081
5DEMA: 10211
10DEMA: 10313
20DEMA: 10315
50DEMA: 9903
RSI (14 days): 47.35
Parabolic SAR: 10586
Supports: 9992 - 9851 - 9763
Resistance: 10222 - 10310 - 10451
CAM Support: 10112 - 10091 - 10070 - 10007
CAM Resistance: 10154 - 10175 - 10196 - 10259
Bank Nifty VIX Range: 10025 - 10428

Bank Nifty Future VWAP: 10129.64
MP Values Bank Nifty Future: VAH - 10197, POC - 10130, VAL - 10063

TARGET BANKNIFTY
Buy BankNifty Future above 10234 - 10315 - 10405 - 10560 SL - 10157
Sell BankNifty Future below 10146 - 10075 - 9925 - 9820 SL - 10179

INTRADAY TRADE
Reliance Industries: Buy above 767 for targets of 770, 777, 789 SL 762
Reliance Industries: Sell below 758 for targets of 755, 748, 736 SL 765
Finantech: Buy above 867 for targets of 872, 885 SL 860
Pirhealth: Buy above 460 for targets of 463, 469 SL 453

SCORE SHEET
Enginersin: Buy above 273 for targets of 275, 280 SL 270: Target 280.90 achieved
Indianb: Buy above 239 for targets of 242, 246 SL 235: Target 242.00 achieved

POSITIONAL TRADE
RelInfra: Buy above 632 for target of 654 SL 622 (2-3 Days)
JPAssociat: Buy above 75 for target of 82 SL 72 (1 Week)

Thanks and Regards

S&P Wealth Creators