Market outlook for 13/03/2013

Nifty closed down 28.25 points (0.48%) at 5914.10 while Nifty Future closed at 5937.25, premium of 23.15 points.
Bank Nifty closed down 110.90 points (0.91%) at 12054.50 while Future closed at 12104.15, premium of 49.65 points.

• FII bought in Cash (Net buy 733.25 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 3470.83 Crore)
• DII sold in Cash (Net sell 877.38 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 553:945.

NIFTY TECHNICAL

Current Spot: 5914.10
Pivot: 5920
5DEMA: 5893
10DEMA: 5863
20DEMA: 5866
50DEMA: 5900
RSI (14 days): 53.89
Parabolic SAR: 5699
Supports: 5888 - 5862 - 5829
Resistance: 5946 - 5978 - 6005

Nifty Future VIX Range: 5888 - 5986
Nifty Future VWAP: 5944.69
MP Values Nifty Future: VAH - 5970, POC - 5952, VAL - 5934

TARGET NIFTY
Buy Nifty Future above 5952 - 5970 - 5995 - 6025 SL - 5934
Sell Nifty Future below 5932 - 5915 - 5890 - 5960 SL - 5951

BANKNIFTY TECHNICAL

Current Spot: 12054.50
Pivot: 12070
5DEMA: 12036
10DEMA: 11990
20DEMA: 12055
50DEMA: 12239
RSI (14 days): 47.92
Parabolic SAR: 11553
Supports: 11956 - 11857 - 11743
Resistance: 12168 - 12282 - 12381

Bank Nifty Future VIX Range: 11958 - 12251
Bank Nifty Future VWAP: 12121.08
MP Values Bank Nifty Future: VAH - 12159, POC - 12079, VAL - 12017

TARGET BANKNIFTY
Buy BankNifty Future above 12121 - 12200 - 12310 - 12420 SL - 12079
Sell BankNifty Future below 12077 - 12005 - 11910 - 11800 SL - 12118

INTRADAY TRADE
Reliance Industries: Buy above 853 for targets of 857, 863 SL 847
Reliance Industries: Sell below 844 for targets of 840, 834 SL 851
Madrascem: Buy above 265 for targets of 268, 272 SL 263
Tatacoffee: Buy above 1595 for targets of 1610, 1640 SL 1574

SCORE SHEET
Siemens: Buy above 565 for targets of 570, 580 SL 556: Call not Active
Adanient: Buy above 244 for targets of 247, 251 SL 240: SL Hit

POSITIONAL TRADE
Uflex: Buy above 91 for target of 98 SL 88 (2-3 Days)
Stcindia: Buy above 217 for target of 234 SL 212 (1 Week)

Thanks and Regards

S&P Wealth Creators