Market outlook for 22/03/12

Nifty closed up 90.10 points (1.71%) at 5364.95 while Nifty Future closed at 5394.50, premium of 29.55 points.
Bank Nifty closed up 242.85 points (2.36%) at 10524.45 while Future closed at 10596.20, premium of 71.75 points.

• FII bought in Cash (Net buy 622.64 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 197.77 Crore)
• DII sold in Cash (Net sell 293.70 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 1028:403.

NIFTY TECHNICAL

Current Spot: 5364.95
Pivot: 5331
5DEMA: 5329
10DEMA: 5336
20DEMA: 5340
50DEMA: 5239
RSI (14 days): 52.86
Parabolic SAR: 5494
Supports: 5290 - 5215 - 5174
Resistance: 5406 - 5447 - 5523
CAM Support: 5354 - 5344 - 5333 - 5301
CAM Resistance: 5376 - 5386 - 5397 - 5429
NF VIX Range: 5328 - 5461

Nifty Future VWAP: 5348.14
MP Values Nifty Future: VAH - 5373, POC - 5303, VAL - 5276

TARGET NIFTY
Buy Nifty Future above 5399 - 5435 - 5480 - 5550 SL - 5356
Sell Nifty Future below 5350 - 5315 - 5240 - 5185 SL - 5367

BANKNIFTY TECHNICAL

Current Spot: 10524.45
Pivot: 10435
5DEMA: 10427
10DEMA: 10442
20DEMA: 10420
50DEMA: 10045
RSI (14 days): 53.74
Parabolic SAR: 10138
Supports: 10307 - 10090 - 9963
Resistance: 10652 - 10779 - 10996
CAM Support: 10493 - 10461 - 10430 - 10335
CAM Resistance: 10556 - 10588 - 10619 - 10714
Bank Nifty VIX Range: 10380 - 10813

Bank Nifty Future VWAP: 10454.06
MP Values Bank Nifty Future: VAH - 10497, POC - 10377, VAL - 10267

TARGET BANKNIFTY
Buy BankNifty Future above 10604 - 10720 - 10850 - 11050 SL - 10492
Sell BankNifty Future below 10485 - 10375 - 10140 - 10005 SL - 10527

INTRADAY TRADE
Reliance Industries: Buy above 770 for targets of 774, 780, 792 SL 765
Reliance Industries: Sell below 763 for targets of 759, 753, 741 SL 767
Rushil: Buy above 219 for targets of 223, 229 SL 215
BataIndia: Buy above 777 for targets of 785, 795 SL 765

SCORE SHEET
Godrejcp: Buy above 475 for targets of 482, 493 SL 464: Target 484.65 achieved
JetAirways: Buy above 340 for targets of 343, 349 SL 333: Target 349.55 achieved

POSITIONAL TRADE
Techm: Buy above 690 for target of 723 SL 675 (2-3 Days)
Indiacem: Buy above 114 for target of 125 SL 110 (1 Week)

Thanks and Regards

S&P Wealth Creators