Market outlook for 06/03/2013

Nifty closed up 85.75 points (1.50%) at 5784.25 while Nifty Future closed at 5802.80, premium of 18.55 points.
Bank Nifty closed up 216.45 points (1.87%) at 11792.05 while Future closed at 11840.25, premium of 48.20 points.

• FII bought in Cash (Net buy 220.79 Crore)
• FII bought in index future, index option, stock future (Net buy 1695.04 Crore)
• DII sold in Cash (Net sell 244.80 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 999:503.

NIFTY TECHNICAL

Current Spot: 5784.25
Pivot: 5766
5DEMA: 5754
10DEMA: 5787
20DEMA: 5842
50DEMA: 5902
RSI (14 days): 41.36
Parabolic SAR: 5842
Supports: 5741 - 5698 - 5673
Resistance: 5809 - 5833 - 5876

Nifty Future VIX Range: 5753 - 5852
Nifty Future VWAP: 5774.34
MP Values Nifty Future: VAH - 5782, POC - 5754, VAL - 5726

TARGET NIFTY
Buy Nifty Future above 5805 - 5825 - 5855 - 5900 SL - 5782
Sell Nifty Future below 5775 - 5755 - 5725 - 5695 SL - 5789

BANKNIFTY TECHNICAL

Current Spot: 11792.05
Pivot: 11743
5DEMA: 11719
10DEMA: 11847
20DEMA: 12049
50DEMA: 12279
RSI (14 days): 37.42
Parabolic SAR: 11814
Supports: 11672 - 11553 - 11482
Resistance: 11863 - 11934 - 12053

Bank Nifty Future VIX Range: 11689 - 11991
Bank Nifty Future VWAP: 11772.33
MP Values Bank Nifty Future: VAH - 11808, POC - 11718, VAL - 11641

TARGET BANKNIFTY
Buy BankNifty Future above 11849 - 11900 - 11980 - 12090 SL - 11779
Sell BankNifty Future below 11765 - 11715 - 11605 - 11515 SL - 11808

INTRADAY TRADE
Reliance Industries: Buy above 831 for targets of 839, 847 SL 825
Reliance Industries: Sell below 823 for targets of 815, 806 SL 830
Tatamotors: Buy above 301 for targets of 304, 308 SL 297
Unionbank: Buy above 228 for targets of 231, 235 SL 224

SCORE SHEET
Colpal: Buy above 1365 for targets of 1380, 1400 SL 1345: Target 1377.50 done
Recltd: Buy above 216 for targets of 218, 222 SL 213: Target 228.00 done

POSITIONAL TRADE
Ashokley: Buy above 23.25 for target of 24.20 SL 22.6 (2-3 Days)
Cipla: Buy above 382 for target of 398 SL 376 (1 Week)

Thanks and Regards

S&P Wealth Creators