Market outlook for 04/03/2013

Nifty closed up 26.65 points (0.47%) at 5719.70 while Nifty Future closed at 5729.95, premium of 10.25 points.
Bank Nifty closed up 52.70 points (0.46%) at 11540.05 while Future closed at 11578.45, premium of 38.40 points.

• FII bought in Cash (Net buy 626.89 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1044.46 Crore)
• DII sold in Cash (Net sell 45.85 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 688:817.

NIFTY TECHNICAL

Current Spot: 5719.70
Pivot: 5713
5DEMA: 5760
10DEMA: 5808
20DEMA: 5864
50DEMA: 5912
RSI (14 days): 31.08
Parabolic SAR: 5889
Supports: 5687 - 5653 - 5627
Resistance: 5746 - 5773 - 5806

Nifty Future VIX Range: 5683 - 5777
Nifty Future VWAP: 5730.55
MP Values Nifty Future: VAH - 5743, POC - 5732, VAL - 5721

TARGET NIFTY
Buy Nifty Future above 5743 - 5755 - 5780 - 5805 SL - 5731
Sell Nifty Future below 5721 - 5705 - 5680 - 5655 SL - 5733

BANKNIFTY TECHNICAL

Current Spot: 11540.05
Pivot: 11530
5DEMA: 11736
10DEMA: 11923
20DEMA: 12129
50DEMA: 12314
RSI (14 days): 24.89
Parabolic SAR: 12041
Supports: 11468 - 11397 - 11334
Resistance: 11602 - 11664 - 11736

Bank Nifty Future VIX Range: 11432 - 11725
Bank Nifty Future VWAP: 11586.36
MP Values Bank Nifty Future: VAH - 11610, POC - 11578, VAL - 11546

TARGET BANKNIFTY
Buy BankNifty Future above 11587 - 11620 - 11690 - 11770 SL - 12569
Sell BankNifty Future below 11546 - 11520 - 11460 - 11390 SL - 11585

INTRADAY TRADE
Reliance Industries: Buy above 816 for targets of 822, 828 SL 809
Reliance Industries: Sell below 806 for targets of 800, 793 SL 813
Techm: Buy above 1108 for targets of 1123, 1146 SL 1086
Hindunilvr: Buy above 455 for targets of 459, 465 SL 449

SCORE SHEET
Infratel: Buy above 193 for targets of 195, 199 SL 190: Target 194.65 done
Kotakbank: Buy above 661 for targets of 665, 672 SL 656: Call not Active

POSITIONAL TRADE
Titan: Buy above 275 for target of 285 SL 270 (2-3 Days)
JpAssociat: Buy above 72.5 for target of 76 SL 71.2 (1 Week)

Thanks and Regards

S&P Wealth Creators