Market outlook for 15/03/12

Nifty closed up 34.40 points (0.63%) at 5463.90 while Nifty Future closed at 5506.10, premium of 42.20 points.
Bank Nifty closed up 203.50 points (1.90%) at 10889.70 while Future closed at 10981.50, premium of 91.80 points.

• FII bought in Cash (Net buy 1659.28 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1106.24 Crore)
• DII sold in Cash (Net sell 857.11 Crore)
• Most Active Nifty Call Option: 5500 and 5600.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 658:795.

NIFTY TECHNICAL

Current Spot: 5463.90
Pivot: 5467
5DEMA: 5390
10DEMA: 5368
20DEMA: 5354
50DEMA: 5226
RSI (14 days): 60.34
Parabolic SAR: 5190
Supports: 5435 - 5405 - 5373
Resistance: 5496 - 5529 - 5558
CAM Support: 5458 - 5453 - 5447 - 5430
CAM Resistance: 5470 - 5475 - 5481 - 5498
NF VIX Range: 5441 - 5571

Nifty Future VWAP: 5503.82
MP Values Nifty Future: VAH - 5526, POC - 5507, VAL - 5488

TARGET NIFTY
Buy Nifty Future above 5511 - 5539 - 5570 - 5605 SL - 5498
Sell Nifty Future below 5492 - 5474 - 5440 - 5405 SL - 5509

BANKNIFTY TECHNICAL

Current Spot: 10889.70
Pivot: 10857
5DEMA: 10633
10DEMA: 10531
20DEMA: 10439
50DEMA: 9993
RSI (14 days): 62.93
Parabolic SAR: 9976
Supports: 10802 - 10713 - 10658
Resistance: 10945 - 11000 - 11088
CAM Support: 10877 - 10863 - 10850 - 10811
CAM Resistance: 10903 - 10916 - 10929 - 10969
Bank Nifty VIX Range: 10764 - 11199

Bank Nifty Future VWAP: 10913.09
MP Values Bank Nifty Future: VAH - 10944, POC - 10902, VAL - 10860

TARGET BANKNIFTY
Buy BankNifty Future above 10990 - 11045 - 11120 - 11230 SL - 10937
Sell BankNifty Future below 10926 - 10876 - 10770 - 10700 SL - 10980

INTRADAY TRADE
Reliance Industries: Buy above 821 for targets of 825, 831, 843 SL 815
Reliance Industries: Sell below 810 for targets of 806, 800, 789 SL 819
Onelifecap: Buy above 393 for targets of 400, 415 SL 381
YesBank: Buy above 388 for targets of 392, 399 SL 381

SCORE SHEET
SesaGoa: Buy above 209.5 for targets of 212, 215 SL 206: Target 215.10 achieved
Irb: Buy above 200 for targets of 202, 205 SL 196: Target 202.90 achieved

POSITIONAL TRADE
Finantech: Buy above 835 for target of 873 SL 812 (2-3 Days)
TI: Buy above 63 for target of 68 SL 60.8 (1 Week)

Thanks and Regards

S&P Wealth Creators