Market outlook for 12/03/2013

Nifty closed down 3.35 points (0.06%) at 5942.35 while Nifty Future closed at 5957.40, premium of 15.05 points.
Bank Nifty closed down 31.85 points (0.26%) at 12165.40 while Future closed at 12194.65, premium of 29.25 points.

• FII bought in Cash (Net buy 988.22 Crore)
• FII bought in index future, index option, stock future (Net buy 2388.62 Crore)
• DII sold in Cash (Net sell 786.58 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 734:760.

NIFTY TECHNICAL

Current Spot: 5942.35
Pivot: 5948
5DEMA: 5882
10DEMA: 5851
20DEMA: 5861
50DEMA: 5900
RSI (14 days): 56.96
Parabolic SAR: 5681
Supports: 5925 - 5907 - 5884
Resistance: 5966 - 5989 - 6006

Nifty Future VIX Range: 5907 - 6008
Nifty Future VWAP: 5966.50
MP Values Nifty Future: VAH - 5977, POC - 5968, VAL - 5959

TARGET NIFTY
Buy Nifty Future above 5969 - 5977 - 5990 - 6010 SL - 5959
Sell Nifty Future below 5948 - 5942 - 5930 - 5910 SL - 5968

BANKNIFTY TECHNICAL

Current Spot: 12165.40
Pivot: 12179
5DEMA: 12027
10DEMA: 11975
20DEMA: 12055
50DEMA: 12250
RSI (14 days): 51.70
Parabolic SAR: 11493
Supports: 12117 - 12068 - 12006
Resistance: 12228 - 12290 - 12339

Bank Nifty Future VIX Range: 12044 - 12345
Bank Nifty Future VWAP: 12218.72
MP Values Bank Nifty Future: VAH - 12261, POC - 12230, VAL - 12199

TARGET BANKNIFTY
Buy BankNifty Future above 12231 - 12265 - 12330 - 12390 SL - 12198
Sell BankNifty Future below 12176 - 12150 - 12100 - 12030 SL - 12230

INTRADAY TRADE
Reliance Industries: Buy above 853 for targets of 861, 872 SL 846
Reliance Industries: Sell below 841 for targets of 834, 823 SL 850
Siemens: Buy above 565 for targets of 570, 580 SL 556
Adanient: Buy above 244 for targets of 247, 251 SL 240

SCORE SHEET
Idfc: Buy above 162 for targets of 164, 166 SL 159: Call not Active
Hdfc: Buy above 816 for targets of 822, 832 SL 803: Target 835.90 done

POSITIONAL TRADE
Laopala: Buy above 435 for target of 460 SL 420 (2-3 Days)
Sbin: Buy above 2213 for target of 2280 SL 2197 (1 Week)

Thanks and Regards

S&P Wealth Creators