Market outlook for 13/03/12

Nifty closed up 26.00 points (0.49%) at 5359.55 while Nifty Future closed at 5388.75, premium of 29.20 points.
Bank Nifty closed up 120.00 points (1.14%) at 10625.65 while Future closed at 10687.85, premium of 62.20 points.

• FII bought in Cash (Net buy 1298.64 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 353.28 Crore)
• DII bought in Cash (Net buy 203.32 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 766:502.

NIFTY TECHNICAL

Current Spot: 5359.55
Pivot: 5370
5DEMA: 5315
10DEMA: 5329
20DEMA: 5333
50DEMA: 5208
RSI (14 days): 53.76
Parabolic SAR: 5171
Supports: 5317 - 5275 - 5223
Resistance: 5412 - 5464 - 5506
CAM Support: 5351 - 5342 - 5334 - 5308
CAM Resistance: 5368 - 5377 - 5386 - 5412
NF VIX Range: 5324 - 5454

Nifty Future VWAP: 5382.89
MP Values Nifty Future: VAH - 5403, POC - 5385, VAL - 5367

TARGET NIFTY
Buy Nifty Future above 5393 - 5430 - 5465 - 5510 SL - 5383
Sell Nifty Future below 5381 - 5350 - 5310 - 5265 SL - 5292

BANKNIFTY TECHNICAL

Current Spot: 10625.65
Pivot: 10652
5DEMA: 10415
10DEMA: 10398
20DEMA: 10360
50DEMA: 9927
RSI (14 days): 58.16
Parabolic SAR: 9940
Supports: 10517 - 10409 - 10274
Resistance: 10760 - 10895 - 11004
CAM Support: 10603 - 10581 - 10559 - 10492
CAM Resistance: 10648 - 10670 - 10693 - 10759
Bank Nifty VIX Range: 10471 - 10905

Bank Nifty Future VWAP: 10681.79
MP Values Bank Nifty Future: VAH - 10760, POC - 10699, VAL - 10638

TARGET BANKNIFTY
Buy BankNifty Future above 10703 - 10805 - 10940 - 11060 SL - 10685
Sell BankNifty Future below 10672 - 10570 - 10450 - 10320 SL - 10701

INTRADAY TRADE
Reliance Industries: Buy above 801 for targets of 805, 811, 822 SL 792
Reliance Industries: Sell below 790 for targets of 786, 780, 769 SL 796
Bfutilitie: Buy above 435 for targets of 441, 450 SL 427
Bharatforg: Buy above 330 for targets of 335, 342 SL 322

SCORE SHEET
TataSteel: Buy above 458 for targets of 463, 470 SL 447: Target 463.30 achieved
Polaris: Buy above 171 for targets of 173, 175 SL 167.5: Call not activated

POSITIONAL TRADE
McDowell-N: Buy above 557 for target of 582 SL 544 (2-3 Days)
ExideInd: Buy above 145 for target of 155 SL 142 (1 Week)

Thanks and Regards

S&P Wealth Creators