Market outlook for 14/03/2013

Nifty closed down 62.90 points (1.06%) at 5851.20 while Nifty Future closed at 5867.75, premium of 16.55 points.
Bank Nifty closed down 277.00 points (2.30%) at 11777.50 while Future closed at 11823.95, premium of 46.45 points.

• FII bought in Cash (Net buy 303.83 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 172.40 Crore)
• DII sold in Cash (Net sell 434.38 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 395:1108.

NIFTY TECHNICAL

Current Spot: 5851.20
Pivot: 5862
5DEMA: 5879
10DEMA: 5861
20DEMA: 5864
50DEMA: 5895
RSI (14 days): 47.77
Parabolic SAR: 5715
Supports: 5831 - 5811 - 5779
Resistance: 5883 - 5914 - 5934

Nifty Future VIX Range: 5818 - 5918
Nifty Future VWAP: 5890.47
MP Values Nifty Future: VAH - 5915, POC - 5898, VAL - 5881

TARGET NIFTY
Buy Nifty Future above 5885 - 5900 - 5925 - 5955 SL - 5865
Sell Nifty Future below 5858 - 5845 - 5825 - 5800 SL - 5882

BANKNIFTY TECHNICAL

Current Spot: 11777.50
Pivot: 11840
5DEMA: 11950
10DEMA: 11951
20DEMA: 12028
50DEMA: 12218
RSI (14 days): 40.01
Parabolic SAR: 11608
Supports: 11691 - 11605 - 11456
Resistance: 11927 - 12076 - 12162

Bank Nifty Future VIX Range: 11669 - 11978
Bank Nifty Future VWAP: 11931.81
MP Values Bank Nifty Future: VAH - 12070, POC - 11977, VAL - 11884

TARGET BANKNIFTY
Buy BankNifty Future above 11890 - 11950 - 12050 - 12160 SL - 11820
Sell BankNifty Future below 11805 - 11745 - 11650 - 11550 SL - 11885

INTRADAY TRADE
Reliance Industries: Buy above 851 for targets of 857, 865 SL 845
Reliance Industries: Sell below 841 for targets of 835, 827 SL 849
Itc: Buy above 302 for targets of 305, 308 SL 299
Cesc: Buy above 306 for targets of 309, 313 SL 302

SCORE SHEET
Madrascem: Buy above 265 for targets of 268, 272 SL 263: Target 267.75 done
Tatacoffee: Buy above 1595 for targets of 1610, 1640 SL 1574: Target 1606.80 done

POSITIONAL TRADE
JetAirways: Buy above 582 for target of 603 SL 578 (2-3 Days)
Voltas: Buy above 85 for target of 90 SL 84 (1 Week)

Thanks and Regards

S&P Wealth Creators