Market outlook for 27/03/12

Nifty closed down 93.95 points (1.78%) at 5184.25 while Nifty Future closed at 5191.30, premium of 7.05 points.
Bank Nifty closed down 251.05 points (2.44%) at 10043.50 while Future closed at 10062.65, premium of 19.15 points.

• FII sold, yes sold in Cash (Net sell 135.29 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 952.59 Crore)
• DII sold in Cash (Net sell 200.94 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 331:1137.

NIFTY TECHNICAL

Current Spot: 5184.25
Pivot: 5211
5DEMA: 5254
10DEMA: 5287
20DEMA: 5311
50DEMA: 5244
RSI (14 days): 42.25
Parabolic SAR: 5465
Supports: 5148 - 5111 - 5048
Resistance: 5248 - 5311 - 5348
CAM Support: 5175 - 5166 - 5157 - 5129
CAM Resistance: 5193 - 5203 - 5212 - 5239
NF VIX Range: 5119 - 5264

Nifty Future VWAP: 5210.08
MP Values Nifty Future: VAH - 5225, POC - 5209, VAL - 5193

TARGET NIFTY
Buy Nifty Future above 5226 - 5251 - 5305 - 5350 SL - 5207
Sell Nifty Future below 5190 - 5160 - 5125 - 5065 SL - 5213

BANKNIFTY TECHNICAL

Current Spot: 10043.50
Pivot: 10107
5DEMA: 10232
10DEMA: 10315
20DEMA: 10355
50DEMA: 10072
RSI (14 days): 44.29
Parabolic SAR: 10861
Supports: 9950 - 9857 - 9700
Resistance: 10200 - 10357 - 10450
CAM Support: 10021 - 9998 - 9975 - 9906
CAM Resistance: 10066 - 10089 - 10112 - 10181
Bank Nifty VIX Range: 9845 - 10280

Bank Nifty Future VWAP: 10114.99
MP Values Bank Nifty Future: VAH - 10138, POC - 10091, VAL - 10044

TARGET BANKNIFTY
Buy BankNifty Future above 10138 - 10225 - 10390 - 10480 SL - 10109
Sell BankNifty Future below 10048 - 9970 - 9875 - 9700 SL - 10136

INTRADAY TRADE
Reliance Industries: Buy above 737 for targets of 740, 745, 755 SL 732
Reliance Industries: Sell below 726 for targets of 723, 718, 708 SL 735
Mcdowell-n: Buy above 554 for targets of 559, 566 SL 548
Glodyne: Buy above 381 for targets of 384, 389 SL 376

SCORE SHEET
Recltd: Buy above 209 for targets of 212, 216 SL 205: Call not Active
RelCapital: Buy above 403 for targets of 407, 415 SL 398: Call not Active

POSITIONAL TRADE
Max: Buy above 179 for target of 188 SL 176 (2-3 Days)
DishTv: Buy above 59.8 for target of 65 SL 59 (1 Week)

Thanks and Regards

S&P Wealth Creators