Tuesday, February 26, 2013

Market outlook for 27/02/2013

Nifty closed down 93.40 points (1.60%) at 5761.35 while Nifty Future closed at 5767.00, premium of 5.65 points.
Bank Nifty closed down 192.45 points (1.60%) at 11844.85 while Future closed at 11848.10, premium of 3.25 points.
  • FII bought in Cash (Net buy 74.68 Crore)
  • FII sold in index future but bought in index option, stock future (Net sell 185.81 Crore)
  • DII sold in Cash (Net sell 160.61 Crore)
  • Most Active Nifty Call Option: 5800 and 5900.
  • Most Active Nifty Put Options: 5800 and 5700.
  • Advance Decline for the day was 265:1266.
NIFTY TECHNICAL
Current Spot: 5761.35
Pivot: 5783
5DEMA: 5837
10DEMA: 5871
20DEMA: 5909
50DEMA: 5916
RSI (14 days): 28.99
Parabolic SAR: 5950
Supports: 5727 - 5693 - 5637
Resistance: 5817 - 5873 - 5908
Nifty Future VIX Range: 5725 - 5809
Nifty Future VWAP: 5798.75
MP Values Nifty Future: VAH - 5817, POC - 5794, VAL - 5771

TARGET NIFTY
Buy Nifty Future above 5794 - 5815 - 5855 - 5890 SL - 5771
Sell Nifty Future below 5761 - 5740 - 5710 - 5660 SL - 5790

BANKNIFTY TECHNICAL
Current Spot: 11844.85
Pivot: 11883
5DEMA: 12045
10DEMA: 12166
20DEMA: 12299
50DEMA: 12345
RSI (14 days): 26.60
Parabolic SAR: 12266
Supports: 11771 - 11697 - 11585
Resistance: 11957 - 12069 - 12143
Bank Nifty Future VIX Range: 11738 - 11958
Bank Nifty Future VWAP: 11911.39
MP Values Bank Nifty Future: VAH - 11964, POC - 11923, VAL - 11882

TARGET BANKNIFTY
Buy BankNifty Future above 11890 - 11950 - 12040 - 12120 SL - 12870
Sell BankNifty Future below 11830 - 11790 - 11720 - 11630 SL - 11885

INTRADAY TRADE
Reliance Industries: Buy above 835 for targets of 842, 852 SL 829
Reliance Industries: Sell below 825 for targets of 817, 808 SL 833
Bergerpaint: Buy above 196 for targets of 198, 202 SL 194
Ntpc: Buy above 151.5 for targets of 153, 155 SL 150

SCORE SHEET
TataMotors: Buy above 301 for targets of 304, 307 SL 298: Call not Active
Ambujacem: Buy above 201.50 for targets of 203, 205 SL 200: Call not Active

POSITIONAL TRADE
Ipcalab: Buy above 496 for target of 505 SL 491 (2-3 Days)
Redington: Buy above 85.5 for target of 88 SL 84 (1 Week)

Thanks and Regards

S&P Wealth Creators

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