Market outlook for 19/03/12

Nifty closed down 62.60 points (1.16%) at 5317.90 while Nifty Future closed at 5342.70, premium of 24.80 points.
Bank Nifty closed down 203.65 points (1.92%) at 10391.35 while Future closed at 10436.75, premium of 45.40 points.

• FII bought in Cash (Net buy 883.58 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 2332.04 Crore)
• DII sold in Cash (Net sell 770.39 Crore)
• Most Active Nifty Call Option: 5500 and 5600.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 440:1008.

NIFTY TECHNICAL

Current Spot: 5317.90
Pivot: 5356
5DEMA: 5364
10DEMA: 5361
20DEMA: 5352
50DEMA: 5225
RSI (14 days): 49.17
Parabolic SAR: 5226
Supports: 5267 - 5216 - 5126
Resistance: 5407 - 5497 - 5548
CAM Support: 5305 - 5292 - 5279 - 5241
CAM Resistance: 5331 - 5344 - 5357 - 5395
NF VIX Range: 5277 - 5408

Nifty Future VWAP: 5414.18
MP Values Nifty Future: VAH - 5473, POC - 5431, VAL - 5389

TARGET NIFTY
Buy Nifty Future above 5389 - 5435 - 5530 - 5585 SL - 5371
Sell Nifty Future below 5335 - 5291 - 5235 - 5150 SL - 5388

BANKNIFTY TECHNICAL

Current Spot: 10391.35
Pivot: 10524
5DEMA: 10544
10DEMA: 10515
20DEMA: 10447
50DEMA: 9985
RSI (14 days): 50.82
Parabolic SAR: 10049
Supports: 10216 - 10040 - 9731
Resistance: 10700 - 11008 - 11184
CAM Support: 10347 - 10303 - 10258 - 10125
CAM Resistance: 10436 - 10480 - 10525 - 10658
Bank Nifty VIX Range: 10222 - 10651

Bank Nifty Future VWAP: 10675.77
MP Values Bank Nifty Future: VAH - 10864, POC - 10745, VAL - 10626

TARGET BANKNIFTY
Buy BankNifty Future above 10582 - 10750 - 11030 - 11260 SL - 10539
Sell BankNifty Future below 10421 - 10255 - 10070 - 9760 SL - 10579

INTRADAY TRADE
Reliance Industries: Buy above 783 for targets of 787, 794, 807 SL 777
Reliance Industries: Sell below 768 for targets of 764, 757, 744 SL 781
Vakransoft: Buy above 535 for targets of 541, 550 SL 524
Max: Buy above 181 for targets of 183, 186 SL 179

SCORE SHEET
Educomp: Buy above 207 for targets of 210, 214 SL 202: Target 214.40 achieved

POSITIONAL TRADE
Rushil: Buy above 192 for target of 199 SL 189 (2-3 Days)
Voltas: Buy above 130 for target of 140 SL 128 (1 Week)

Thanks and Regards

S&P Wealth Creators