Market outlook for 26/02/2013

Nifty closed up 4.45 points (0.08%) at 5854.75 while Nifty Future closed at 5857.80, premium of 3.05 points.
Bank Nifty closed down 31.65 points (0.26%) at 12037.30 while Future closed at 12052.90, premium of 15.60 points.

• FII bought in Cash (Net buy 246.71 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1047.08 Crore)
• DII sold in Cash (Net sell 161.97 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 422:1083.

NIFTY TECHNICAL

Current Spot: 5854.75
Pivot: 5853
5DEMA: 5874
10DEMA: 5895
20DEMA: 5925
50DEMA: 5923
RSI (14 days): 37.81
Parabolic SAR: 5963
Supports: 5827 - 5799 - 5774
Resistance: 5880 - 5906 - 5934

Nifty Future VIX Range: 5821 - 5895
Nifty Future VWAP: 5856.06
MP Values Nifty Future: VAH - 5875, POC - 5861, VAL - 5847

TARGET NIFTY
Buy Nifty Future above 5864 - 5985 - 5910 - 5945 SL - 5847
Sell Nifty Future below 5846 - 5825 - 5800 - 5760 SL - 5863

BANKNIFTY TECHNICAL

Current Spot: 12037.30
Pivot: 12046
5DEMA: 12145
10DEMA: 12238
20DEMA: 12346
50DEMA: 12365
RSI (14 days): 32.11
Parabolic SAR: 12353
Supports: 11953 - 11869 - 11777
Resistance: 12130 - 12222 - 12306

Bank Nifty Future VIX Range: 11950 - 12156
Bank Nifty Future VWAP: 12071.14
MP Values Bank Nifty Future: VAH - 12133, POC - 12087, VAL - 12041

TARGET BANKNIFTY
Buy BankNifty Future above 12087 - 12140 - 12230 - 12320 SL - 12041
Sell BankNifty Future below 12035 - 11980 - 11900 - 11810 SL - 12085

INTRADAY TRADE
Reliance Industries: Buy above 861 for targets of 867, 874 SL 855
Reliance Industries: Sell below 852 for targets of 846, 838 SL 859
TataMotors: Buy above 301 for targets of 304, 307 SL 298
Ambujacem: Buy above 201.50 for targets of 203, 205 SL 200

SCORE SHEET
Relcapital: Buy above 410 for targets of 414, 420 SL 405: Target 419.45 done
Wipro: Buy above 418 for targets of 421, 427 SL 412: Target 425.80 done

POSITIONAL TRADE
HclTech: Buy above 735 for target of 750 SL 727 (2-3 Days)
Ranbaxy: Buy above 434 for target of 450 SL 428 (1 Week)

Thanks and Regards

S&P Wealth Creators