Market outlook for 11/03/2013

Nifty closed up 82.40 points (1.41%) at 5945.70 while Nifty Future closed at 5968.30, premium of 22.60 points.
Bank Nifty closed up 227.00 points (1.90%) at 12197.25 while Future closed at 12243.05, premium of 45.80 points.

• FII bought in Cash (Net buy 1283.58 Crore)
• FII bought in index future, index option, stock future (Net buy 1058.60 Crore)
• DII sold in Cash (Net sell 836.58 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 980:529.

NIFTY TECHNICAL

Current Spot: 5945.70
Pivot: 5927
5DEMA: 5852
10DEMA: 5831
20DEMA: 5852
50DEMA: 5899
RSI (14 days): 57.30
Parabolic SAR: 5669
Supports: 5902 - 5857 - 5832
Resistance: 5971 - 5997 - 6041

Nifty Future VIX Range: 5916 - 6021
Nifty Future VWAP: 5940.79
MP Values Nifty Future: VAH - 5963, POC - 5916, VAL - 5903

TARGET NIFTY
Buy Nifty Future above 5973 - 5995 - 6025 - 6070 SL - 5947
Sell Nifty Future below 5941 - 5920 - 5880 - 5850 SL - 5963

BANKNIFTY TECHNICAL

Current Spot: 12197.25
Pivot: 12142
5DEMA: 11958
10DEMA: 11933
20DEMA: 12043
50DEMA: 12256
RSI (14 days): 52.79
Parabolic SAR: 11445
Supports: 12064 - 11931 - 11854
Resistance: 12275 - 12352 - 12486

Bank Nifty Future VIX Range: 12088 - 12399
Bank Nifty Future VWAP: 12154.40
MP Values Bank Nifty Future: VAH - 12222, POC - 12141, VAL - 12060

TARGET BANKNIFTY
Buy BankNifty Future above 12250 - 12300 - 12400 - 12520 SL - 11176
Sell BankNifty Future below 12141 - 12100 - 11950 - 11870 SL - 12222

INTRADAY TRADE
Reliance Industries: Buy above 853 for targets of 860, 870 SL 847
Reliance Industries: Sell below 844 for targets of 838, 830 SL 851
Idfc: Buy above 162 for targets of 164, 166 SL 159
Hdfc: Buy above 816 for targets of 822, 832 SL 803

SCORE SHEET
Adanient: Buy above 228 for targets of 230, 232 SL 225: Target 236.80 done
UBL: Buy above 679 for targets of 685, 700 SL 670: Target 734.00 done

POSITIONAL TRADE
Amtekauto: Buy above 71.5 for target of 74.5 SL 70.2 (2-3 Days)
Anantraj: Buy above 72.5 for target of 78 SL 71 (1 Week)

Thanks and Regards

S&P Wealth Creators