Market outlook for 21/03/12

Nifty closed up 17.80 points (0.34%) at 5274.85 while Nifty Future closed at 5297.00, premium of 22.15 points.
Bank Nifty closed up 92.75 points (0.91%) at 10281.60 while Future closed at 10325.55, premium of 43.95 points.

• FII bought in Cash (Net buy 111.09 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 689.29 Crore)
• DII sold in Cash (Net sell 120.35 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 605:653.

NIFTY TECHNICAL

Current Spot: 5274.85
Pivot: 5268
5DEMA: 5311
10DEMA: 5330
20DEMA: 5337
50DEMA: 5223
RSI (14 days): 46.67
Parabolic SAR: 5499
Supports: 5240 - 5204 - 5176
Resistance: 5304 - 5333 - 5368
CAM Support: 5269 - 5263 - 5257 - 5240
CAM Resistance: 5281 - 5287 - 5292 - 5310
NF VIX Range: 5234 - 5360

Nifty Future VWAP: 5293.46
MP Values Nifty Future: VAH - 5313, POC - 5296, VAL - 5279

TARGET NIFTY
Buy Nifty Future above 5301 - 5330 - 5365 - 5405 SL - 5288
Sell Nifty Future below 5284 - 5259 - 5220 - 5185 SL - 5297

BANKNIFTY TECHNICAL

Current Spot: 10281.60
Pivot: 10263
5DEMA: 10378
10DEMA: 10424
20DEMA: 10409
50DEMA: 9995
RSI (14 days): 48.79
Parabolic SAR: 10117
Supports: 10157 - 10031 - 9925
Resistance: 10388 - 10494 - 10619
CAM Support: 10260 - 10239 - 10218 - 10154
CAM Resistance: 10303 - 10324 - 10345 - 10409
Bank Nifty VIX Range: 10119 - 10532

Bank Nifty Future VWAP: 10315.44
MP Values Bank Nifty Future: VAH - 10382, POC - 10313, VAL - 10244

TARGET BANKNIFTY
Buy BankNifty Future above 10333 - 10450 - 10580 - 10725 SL - 10298
Sell BankNifty Future below 10294 - 10185 - 10040 - 9910 SL - 10327

INTRADAY TRADE
Reliance Industries: Buy above 762 for targets of 766, 773, 782 SL 757
Reliance Industries: Sell below 755 for targets of 751, 745, 738 SL 761
Godrejcp: Buy above 475 for targets of 482, 493 SL 464
JetAirways: Buy above 340 for targets of 343, 349 SL 333

SCORE SHEET
Glodyne: Buy above 367 for targets of 370, 375 SL 362: Target 384.40 achieved
Kajariacer: Buy above 168 for targets of 171, 176 SL 164: Target 173.90 achieved

POSITIONAL TRADE
Ivrclinfra: Buy above 53.5 for target of 56 SL 52.8 (2-3 Days)
VipInd: Buy above 103 for target of 110 SL 100 (1 Week)

Thanks and Regards

S&P Wealth Creators