Market outlook for 12/03/12

Nifty closed up 113.10 points (2.17%) at 5333.55 while Nifty Future closed at 5364.15, premium of 30.60 points.
Bank Nifty closed up 372.80 points (3.68%) at 10505.65 while Future closed at 10574.20, premium of 68.55 points.

• FII bought in Cash (Net buy 1284.65 Crore)
• FII bought in index future, index option and in stock future (Net buy 803.89 Crore)
• DII sold in Cash (Net sell 12.90 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 1080:385.

NIFTY TECHNICAL

Current Spot: 5333.55
Pivot: 5322
5DEMA: 5293
10DEMA: 5322
20DEMA: 5330
50DEMA: 5202
RSI (14 days): 51.94
Parabolic SAR: 5416
Supports: 5303 - 5272 - 5252
Resistance: 5353 - 5373 - 5404
CAM Support: 5329 - 5324 - 5320 - 5306
CAM Resistance: 5338 - 5343 - 5347 - 5361
NF VIX Range: 5298 - 5430

Nifty Future VWAP: 5347.91
MP Values Nifty Future: VAH - 5356, POC - 5342, VAL - 5328

TARGET NIFTY
Buy Nifty Future above 5368 - 5385 - 5405 - 5445 SL - 5347
Sell Nifty Future below 5342 - 5328 - 5290 - 5265 SL - 5258

BANKNIFTY TECHNICAL

Current Spot: 10505.65
Pivot: 10440
5DEMA: 10309
10DEMA: 10348
20DEMA: 10333
50DEMA: 9899
RSI (14 days): 55.85
Parabolic SAR: 10527
Supports: 10353 - 10200 - 10113
Resistance: 10593 - 10679 - 10832
CAM Support: 10484 - 10462 - 10440 - 10374
CAM Resistance: 10528 - 10550 - 10572 - 10638
Bank Nifty VIX Range: 10355 - 10794

Bank Nifty Future VWAP: 10504.93
MP Values Bank Nifty Future: VAH - 10528, POC - 10478, VAL - 10428

TARGET BANKNIFTY
Buy BankNifty Future above 10582 - 10655 - 10740 - 10860 SL - 10505
Sell BankNifty Future below 10478 - 10428 - 10310 - 10220 SL - 10529

INTRADAY TRADE
Reliance Industries: Buy above 778 for targets of 780, 784, 790 SL 772
Reliance Industries: Sell below 770 for targets of 768, 764, 754 SL 776
TataSteel: Buy above 458 for targets of 463, 470 SL 447
Polaris: Buy above 171 for targets of 173, 175 SL 167.5

SCORE SHEET
Finantech: Buy above 867 for targets of 872, 885 SL 860: Target 888.00 achieved
Pirhealth: Buy above 460 for targets of 463, 469 SL 453: Target 486.80 achieved

POSITIONAL TRADE
Voltas: Buy above 117 for target of 121 SL 114 (2-3 Days)
Sintex: Buy above 84 for target of 90 SL 82 (1 Week)

Thanks and Regards

S&P Wealth Creators