Market outlook for 07/03/2013

Nifty closed up 34.35 points (0.59%) at 5818.60 while Nifty Future closed at 5841.35, premium of 22.75 points.
Bank Nifty closed up 84.15 points (0.71%) at 11876.20 while Future closed at 11922.35, premium of 46.15 points.

• FII bought in Cash (Net buy 524.05 Crore)
• FII bought in index future, index option, stock future (Net buy 1647.98 Crore)
• DII sold in Cash (Net sell 599.99 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 1033:468.

NIFTY TECHNICAL

Current Spot: 5818.60
Pivot: 5814
5DEMA: 5776
10DEMA: 5793
20DEMA: 5840
50DEMA: 5901
RSI (14 days): 45.23
Parabolic SAR: 5829
Supports: 5800 - 5780 - 5766
Resistance: 5833 - 5848 - 5867

Nifty Future VIX Range: 5792 - 5890
Nifty Future VWAP: 5832.81
MP Values Nifty Future: VAH - 5843, POC - 5834, VAL - 5825

TARGET NIFTY
Buy Nifty Future above 5846 - 5855 - 5865 - 5885 SL - 5733
Sell Nifty Future below 5825 - 5815 - 5805 - 5790 SL - 5838

BANKNIFTY TECHNICAL

Current Spot: 11876.20
Pivot: 11868
5DEMA: 11771
10DEMA: 11853
20DEMA: 12033
50DEMA: 12274
RSI (14 days): 40.91
Parabolic SAR: 11401
Supports: 11831 - 11786 - 11749
Resistance: 11913 - 11949 - 11995

Bank Nifty Future VIX Range: 11773 - 12071
Bank Nifty Future VWAP: 11906.96
MP Values Bank Nifty Future: VAH - 11924, POC - 11902, VAL - 11880

TARGET BANKNIFTY
Buy BankNifty Future above 11931 - 11950 - 11980 - 12030 SL - 11901
Sell BankNifty Future below 11880 - 11860 - 11830 - 11800 SL - 11915

INTRADAY TRADE
Reliance Industries: Buy above 837 for targets of 843, 850 SL 831
Reliance Industries: Sell below 829 for targets of 824, 818 SL 836
Dlf: Buy above 271 for targets of 274, 279 SL 268
Recltd: Buy above 237 for targets of 239, 243 SL 233

SCORE SHEET
Tatamotors: Buy above 301 for targets of 304, 308 SL 297: Target 311.45 done
Unionbank: Buy above 228 for targets of 231, 235 SL 224: Target 231.50 done

POSITIONAL TRADE
TataMotors: Buy above 310 for target of 318 SL 307 (2-3 Days)
Pcjeweller: Buy above 132 for target of 141 SL 129 (1 Week)

Thanks and Regards

S&P Wealth Creators