Market outlook for 05/03/2013

Nifty closed down 21.20 points (0.37%) at 5698.50 while Nifty Future closed at 5716.85, premium of 18.35 points.
Bank Nifty closed up 35.55 points (0.31%) at 11575.60 while Future closed at 11623.95, premium of 48.35 points.

• FII sold in Cash (Net sell 30.10 Crore)
• FII bought in index future, index option, stock future (Net buy 1857.70 Crore)
• DII sold in Cash (Net sell 111.08 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 359:1152.

NIFTY TECHNICAL

Current Spot: 5698.50
Pivot: 5691
5DEMA: 5739
10DEMA: 5788
20DEMA: 5848
50DEMA: 5905
RSI (14 days): 29.59
Parabolic SAR: 5866
Supports: 5671 - 5643 - 5622
Resistance: 5719 - 5740 - 5768

Nifty Future VIX Range: 5672 - 5762
Nifty Future VWAP: 5702.01
MP Values Nifty Future: VAH - 5713, POC - 5701, VAL - 5689

TARGET NIFTY
Buy Nifty Future above 5721 - 5732 - 5750 - 5780 SL - 5700
Sell Nifty Future below 5689 - 5680 - 5665 - 5645 SL - 5702

BANKNIFTY TECHNICAL

Current Spot: 11575.60
Pivot: 11544
5DEMA: 11682
10DEMA: 11860
20DEMA: 12076
50DEMA: 12292
RSI (14 days): 26.77
Parabolic SAR: 11913
Supports: 11485 - 11394 - 11336
Resistance: 11634 - 11693 - 11784

Bank Nifty Future VIX Range: 11481 - 11767
Bank Nifty Future VWAP: 11584.01
MP Values Bank Nifty Future: VAH - 11653, POC - 11607, VAL - 11561

TARGET BANKNIFTY
Buy BankNifty Future above 11653 - 11680 - 11740 - 11830 SL - 12605
Sell BankNifty Future below 11561 - 11530 - 11450 - 11390 SL - 11608

INTRADAY TRADE
Reliance Industries: Buy above 815 for targets of 822, 830 SL 810
Reliance Industries: Sell below 808 for targets of 801, 794 SL 814
Colpal: Buy above 1365 for targets of 1380, 1400 SL 1345
Recltd: Buy above 216 for targets of 218, 222 SL 213

SCORE SHEET
Techm: Buy above 1108 for targets of 1123, 1146 SL 1086: Target 1119.00 done
Hindunilvr: Buy above 455 for targets of 459, 465 SL 449 Call not Active

POSITIONAL TRADE
Amarajabat: Buy above 292 for target of 310 SL 286 (2-3 Days)
Syndibank: Buy above 118 for target of 124 SL 116 (1 Week)

Thanks and Regards

S&P Wealth Creators