Market outlook for 08/03/2013

Nifty closed up 44.70 points (0.77%) at 5863.30 while Nifty Future closed at 5889.40, premium of 26.10 points.
Bank Nifty closed up 94.05 points (0.79%) at 11970.25 while Future closed at 12026.75, premium of 56.50 points.

• FII bought in Cash (Net buy 630.47 Crore)
• FII bought in index future, index option, stock future (Net buy 1002.58 Crore)
• DII sold in Cash (Net sell 715.11 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 809:670.

NIFTY TECHNICAL

Current Spot: 5863.30
Pivot: 5848
5DEMA: 5805
10DEMA: 5806
20DEMA: 5842
50DEMA: 5897
RSI (14 days): 50.01
Parabolic SAR: 5664
Supports: 5817 - 5771 - 5740
Resistance: 5894 - 5924 - 5970

Nifty Future VIX Range: 5840 - 5939
Nifty Future VWAP: 5854.71
MP Values Nifty Future: VAH - 5891, POC - 5862, VAL - 5833

TARGET NIFTY
Buy Nifty Future above 5894 - 5920 - 5950 - 5995 SL - 5862
Sell Nifty Future below 5861 - 5840 - 5810 - 5770 SL - 5891

BANKNIFTY TECHNICAL

Current Spot: 11970.25
Pivot: 11927
5DEMA: 11838
10DEMA: 11874
20DEMA: 12027
50DEMA: 12257
RSI (14 days): 44.81
Parabolic SAR: 11413
Supports: 11863 - 11756 - 11693
Resistance: 12034 - 12097 - 12204

Bank Nifty Future VIX Range: 11879 - 12175
Bank Nifty Future VWAP: 11942.76
MP Values Bank Nifty Future: VAH - 11989, POC - 11897, VAL - 11861

TARGET BANKNIFTY
Buy BankNifty Future above 12031 - 12080 - 12150 - 12230 SL - 11971
Sell BankNifty Future below 11955 - 11915 - 11830 - 11750 SL - 11990

INTRADAY TRADE
Reliance Industries: Buy above 839 for targets of 845, 855 SL 832
Reliance Industries: Sell below 830 for targets of 824, 816 SL 836
Adanient: Buy above 228 for targets of 230, 232 SL 225
UBL: Buy above 679 for targets of 685, 700 SL 670

SCORE SHEET
Dlf: Buy above 271 for targets of 274, 279 SL 268: Target 280.30 done
Recltd: Buy above 237 for targets of 239, 243 SL 233: Target 238.95 done

POSITIONAL TRADE
Bharatforg: Buy above 236 for target of 248 SL 230 (2-3 Days)
Anantraj: Buy above 67 for target of 71 SL 66 (1 Week)

Thanks and Regards

S&P Wealth Creators