Market outlook for 20/03/12

Nifty closed down 60.85 points (1.14%) at 5257.05 while Nifty Future closed at 5277.30, premium of 20.25 points.
Bank Nifty closed down 202.50 points (1.95%) at 10188.85 while Future closed at 10228.40, premium of 39.55 points.

• FII bought in Cash (Net buy 160.87 Crore)
• FII sold in index future, index option, stock future (Net sell 456.13 Crore)
• DII sold in Cash (Net sell 295.98 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 395:915.

NIFTY TECHNICAL

Current Spot: 5257.05
Pivot: 5279
5DEMA: 5328
10DEMA: 5342
20DEMA: 5343
50DEMA: 5226
RSI (14 days): 45.16
Parabolic SAR: 5239
Supports: 5217 - 5177 - 5115
Resistance: 5319 - 5381 - 5421
CAM Support: 5248 - 5238 - 5229 - 5201
CAM Resistance: 5266 - 5276 - 5285 - 5313
NF VIX Range: 5213 - 5342

Nifty Future VWAP: 5300.12
MP Values Nifty Future: VAH - 5344, POC - 5314, VAL - 5284

TARGET NIFTY
Buy Nifty Future above 5303 - 5335 - 5390 - 5435 SL - 5291
Sell Nifty Future below 5269 - 5240 - 5200 - 5140 SL - 5301

BANKNIFTY TECHNICAL

Current Spot: 10188.85
Pivot: 10255
5DEMA: 10426
10DEMA: 10456
20DEMA: 10422
50DEMA: 9993
RSI (14 days): 46.61
Parabolic SAR: 10084
Supports: 10069 - 9949 - 9764
Resistance: 10375 - 10561 - 10680
CAM Support: 10161 - 10133 - 10105 - 10021
CAM Resistance: 10217 - 10245 - 10273 - 10357
Bank Nifty VIX Range: 10018 - 10438

Bank Nifty Future VWAP: 10298.53
MP Values Bank Nifty Future: VAH - 10424, POC - 10338, VAL - 10252

TARGET BANKNIFTY
Buy BankNifty Future above 10309 - 10415 - 10610 - 10720 SL - 10269
Sell BankNifty Future below 10213 - 10115 - 10000 - 9830 SL - 10307

INTRADAY TRADE
Reliance Industries: Buy above 767 for targets of 771, 777, 789 SL 761
Reliance Industries: Sell below 754 for targets of 750, 744, 732 SL 765
Glodyne: Buy above 367 for targets of 370, 375 SL 362
Kajariacer: Buy above 168 for targets of 171, 176 SL 164

SCORE SHEET
Vakransoft: Buy above 535 for targets of 541, 550 SL 524: Target 549.90 achieved
Max: Buy above 181 for targets of 183, 186 SL 179: Call not activated

POSITIONAL TRADE
Advanta: Buy above 392 for target of 422 SL 377 (2-3 Days)
DBRealty: Buy above 93 for target of 101 SL 91 (1 Week)

Thanks and Regards

S&P Wealth Creators