Wednesday, February 27, 2013

Market outlook for 28/02/2013

Nifty closed up 35.55 points (0.62%) at 5796.90 while Nifty Future closed at 5797.90, premium of 1.00 points.
Bank Nifty closed up 85.65 points (0.72%) at 11930.50 while Future closed at 11935.10, premium of 4.60 points.
  • FII bought in Cash (Net buy 106.36 Crore)
  • FII bought in stock future, stock option but sold in index option (Net buy 34.96 Crore)
  • DII bought in Cash (Net buy 24.70 Crore)
  • Most Active Nifty Call Option: 5800 and 5900.
  • Most Active Nifty Put Options: 5800 and 5700.
  • Advance Decline for the day was 825:693.
NIFTY TECHNICAL
Current Spot: 5796.90
Pivot: 5776
5DEMA: 5823
10DEMA: 5858
20DEMA: 5896
50DEMA: 5918
RSI (14 days): 34.91
Parabolic SAR: 5934
Supports: 5735 - 5708 - 5666
Resistance: 5803 - 5845 - 5872
Nifty Future VIX Range: 5757 - 5839
Nifty Future VWAP: 5788.18
MP Values Nifty Future: VAH - 5817, POC - 5801, VAL - 5776

TARGET NIFTY
Buy Nifty Future above 5817 - 5830 - 5855 - 5885 SL - 5799
Sell Nifty Future below 5776 - 5765 - 5740 - 5710 SL - 5802

BANKNIFTY TECHNICAL
Current Spot: 11930.50
Pivot: 11913
5DEMA: 12007
10DEMA: 12124
20DEMA: 12264
50DEMA: 12346
RSI (14 days): 31.96
Parabolic SAR: 12184
Supports: 11855 - 11780 - 11722
Resistance: 11988 - 12046 - 12121
Bank Nifty Future VIX Range: 11826 - 12044
Bank Nifty Future VWAP: 11922.92
MP Values Bank Nifty Future: VAH - 11949, POC - 11917, VAL - 11885

TARGET BANKNIFTY
Buy BankNifty Future above 11950 - 11990 - 12040 - 12100 SL - 12915
Sell BankNifty Future below 11885 - 11850 - 11800 - 11740 SL - 11920

INTRADAY TRADE
Reliance Industries: Buy above 837 for targets of 843, 851 SL 831
Reliance Industries: Sell below 827 for targets of 821, 814 SL 835
YesBank: Buy above 492 for targets of 496, 502 SL 486
Adanient: Buy above 226 for targets of 228, 233 SL 223

SCORE SHEET
Bergerpaint: Buy above 196 for targets of 198, 202 SL 194: Target 200 done
Ntpc: Buy above 151.5 for targets of 153, 155 SL 150: Target 154.50 done

POSITIONAL TRADE
Dlf: Buy above 278 for target of 285 SL 275 (2-3 Days)
Aplltd: Buy above 83.5 for target of 86 SL 82.2 (1 Week)

Thanks and Regards

S&P Wealth Creators

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