Market outlook for 18/03/2013

Nifty closed down 36.35 points (0.62%) at 5872.60 while Nifty Future closed at 5897.10, premium of 24.50 points.
Bank Nifty closed down 204.20 points (1.70%) at 11816.55 while Future closed at 11879.35, premium of 62.80 points.

• FII bought in Cash (Net buy 1018.93 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1147.33 Crore)
• DII sold in Cash (Net sell 584.48 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 506:1003.

NIFTY TECHNICAL

Current Spot: 5872.60
Pivot: 5893
5DEMA: 5883
10DEMA: 5870
20DEMA: 5869
50DEMA: 5895
RSI (14 days): 49.71
Parabolic SAR: 5745
Supports: 5841 - 5808 - 5756
Resistance: 5925 - 5978 - 6010

Nifty Future VIX Range: 5846 - 5948
Nifty Future VWAP: 5916.00
MP Values Nifty Future: VAH - 5925, POC - 5903, VAL - 5881

TARGET NIFTY
Buy Nifty Future above 5925 - 5945 - 5980 - 6025 SL - 5902
Sell Nifty Future below 5881 - 5865 - 5830 - 5790 SL - 5910

BANKNIFTY TECHNICAL

Current Spot: 11816.55
Pivot: 11867
5DEMA: 11921
10DEMA: 11937
20DEMA: 12008
50DEMA: 12207
RSI (14 days): 42.83
Parabolic SAR: 12228
Supports: 11699 - 11582 - 11414
Resistance: 11984 - 12152 - 12269

Bank Nifty Future VIX Range: 11712 - 12046
Bank Nifty Future VWAP: 11934.89
MP Values Bank Nifty Future: VAH - 11950, POC - 11864, VAL - 11814

TARGET BANKNIFTY
Buy BankNifty Future above 11950 - 12010 - 12100 - 12260 SL - 11864
Sell BankNifty Future below 11860 - 11805 - 11710 - 11580 SL - 11935

INTRADAY TRADE
Reliance Industries: Buy above 855 for targets of 860, 870 SL 848
Reliance Industries: Sell below 840 for targets of 834, 821 SL 853
Asianpaint: Buy above 5020 for targets of 5055, 5115 SL 4950
Siemens: Buy above 578 for targets of 584, 595 SL 568

SCORE SHEET
Jublfood: Buy above 1265 for targets of 1279, 1300 SL 1239: Target 1308.95 done
SunTv: Buy above 453 for targets of 457, 464 SL 445: Target 457.00 done

POSITIONAL TRADE
Dabur: Buy above 137.8 for target of 142 SL 135.5 (2-3 Days)
Suven: Buy above 26.5 for target of 28 SL 25.9 (1 Week)

Thanks and Regards

S&P Wealth Creators