Market outlook for 30/03/12

Nifty closed down 15.90 points (0.31%) at 5178.85 while Nifty Future closed at 5232.60, premium of 53.75 points.
Bank Nifty closed down 32.75 points (0.33%) at 9927.65 while Future closed at 9998.50, premium of 70.85 points.

• FII sold in Cash (Net sell 1332.85 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 2639.57 Crore)
• DII bought in Cash (Net buy 299.67 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 815:629.

NIFTY TECHNICAL

Current Spot: 5178.85
Pivot: 5170
5DEMA: 5214
10DEMA: 5248
20DEMA: 5283
50DEMA: 5230
RSI (14 days): 42.93
Parabolic SAR: 5407
Supports: 5145 - 5111 - 5087
Resistance: 5203 - 5228 - 5262
CAM Support: 5174 - 5168 - 5163 - 5147
CAM Resistance: 5184 - 5190 - 5195 - 5211
NF VIX Range: 5163 - 5302

Nifty Future VWAP: 5215.40
MP Values Nifty Future: VAH - 5225, POC - 5209, VAL - 5193

TARGET NIFTY
Buy Nifty Future above 5235 - 5250 - 5270 - 5305 SL - 5216
Sell Nifty Future below 5212 - 5200 - 5180 - 5150 SL - 5228

BANKNIFTY TECHNICAL

Current Spot: 9927.65
Pivot: 9921
5DEMA: 10058
10DEMA: 10172
20DEMA: 10263
50DEMA: 10040
RSI (14 days): 42.79
Parabolic SAR: 10646
Supports: 9853 - 9777 - 9709
Resistance: 9996 - 10064 - 10139
CAM Support: 9915 - 9901 - 9888 - 9849
CAM Resistance: 9941 - 9954 - 9967 - 10006
Bank Nifty VIX Range: 9794 - 10203

Bank Nifty Future VWAP: 9978.69
MP Values Bank Nifty Future: VAH - 10011, POC - 9980, VAL - 9949

TARGET BANKNIFTY
Buy BankNifty Future above 10017 - 10070 - 10140 - 10225 SL - 9989
Sell BankNifty Future below 9979 - 9930 - 9845 - 9775 SL - 10005

INTRADAY TRADE
Reliance Industries: Buy above 726 for targets of 729, 734, 740 SL 722
Reliance Industries: Sell below 721 for targets of 718, 714, 709 SL 726
Ranbaxy: Buy above 450 for targets of 456, 466 SL 437
PFC: Buy above 177 for targets of 179, 183 SL 173

SCORE SHEET
TataSteel: Buy above 456 for targets of 460, 467 SL 450: Call not active
Mcleodruss: Buy above 274 for targets of 277, 283 SL 271: Call not active

POSITIONAL TRADE
Onelifecap: Buy above 406 for target of 440 SL 391 (2-3 Days)
Ivrclinfra: Buy above 65 for target of 70 SL 63.3 (1 Week)

Thanks and Regards

S&P Wealth Creators