Market outlook for 15/03/2013

Nifty closed up 57.75 points (0.99%) at 5908.95 while Nifty Future closed at 5939.75, premium of 30.80 points.
Bank Nifty closed up 243.25 points (2.07%) at 12020.75 while Future closed at 12090.40, premium of 69.65 points.

• FII bought in Cash (Net buy 607.11 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 2532.82 Crore)
• DII sold in Cash (Net sell 829.19 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 725:747.

NIFTY TECHNICAL

Current Spot: 5908.95
Pivot: 5874
5DEMA: 5889
10DEMA: 5870
20DEMA: 5869
50DEMA: 5898
RSI (14 days): 53.08
Parabolic SAR: 5731
Supports: 5827 - 5745 - 5699
Resistance: 5955 - 6002 - 6084

Nifty Future VIX Range: 5887 - 5992
Nifty Future VWAP: 5884.40
MP Values Nifty Future: VAH - 5918, POC - 5871, VAL - 5824

TARGET NIFTY
Buy Nifty Future above 5945 - 5980 - 6025 - 6085 SL - 5917
Sell Nifty Future below 5895 - 5865 - 5825 - 5760 SL - 5919

BANKNIFTY TECHNICAL

Current Spot: 12020.75
Pivot: 11878
5DEMA: 11973
10DEMA: 11964
20DEMA: 12028
50DEMA: 12223
RSI (14 days): 48.07
Parabolic SAR: 12241
Supports: 11698 - 11375 - 11195
Resistance: 12201 - 12381 - 12704

Bank Nifty Future VIX Range: 11924 - 12257
Bank Nifty Future VWAP: 11892.21
MP Values Bank Nifty Future: VAH - 12132, POC - 12075, VAL - 11745

TARGET BANKNIFTY
Buy BankNifty Future above 12132 - 12240 - 12400 - 12600 SL - 12070
Sell BankNifty Future below 11920 - 11815 - 11700 - 11500 SL - 12076

INTRADAY TRADE
Reliance Industries: Buy above 862 for targets of 870, 879 SL 852
Reliance Industries: Sell below 849 for targets of 841, 830 SL 856
Jublfood: Buy above 1265 for targets of 1279, 1300 SL 1239
SunTv: Buy above 453 for targets of 457, 464 SL 445

SCORE SHEET
Itc: Buy above 302 for targets of 305, 308 SL 299: Target 303.90 done
Cesc: Buy above 306 for targets of 309, 313 SL 302: Target 306.90 done

POSITIONAL TRADE
Vadilalind: Buy above 203 for target of 216 SL 195 (2-3 Days)
Jisjaleqs: Buy above 68.5 for target of 74 SL 67.5 (1 Week)

Thanks and Regards

S&P Wealth Creators