Monday, March 18, 2013

Market outlook for 19/03/2013

Nifty closed down 37.35 points (0.64%) at 5835.25 while Nifty Future closed at 5851.40, premium of 16.15 points.
Bank Nifty closed down 81.05 points (0.69%) at 11735.50 while Future closed at 11794.40, premium of 58.90 points.
  • FII bought in Cash (Net buy 506.00 Crore)
  • FII sold in index future, index option, stock future (Net sell 793.46 Crore)
  • DII sold in Cash (Net sell 459.89 Crore)
  • Most Active Nifty Call Option: 5900 and 6000.
  • Most Active Nifty Put Options: 5800 and 5700.
  • Advance Decline for the day was 504:984.
NIFTY TECHNICAL
Current Spot: 5835.25
Pivot: 5833
5DEMA: 5867
10DEMA: 5864
20DEMA: 5866
50DEMA: 5896
RSI (14 days): 46.31
Parabolic SAR: 5759
Supports: 5816 - 5797 - 5780
Resistance: 5852 - 5869 - 5888
Nifty Future VIX Range: 5801 - 5902
Nifty Future VWAP: 5850.96
MP Values Nifty Future: VAH - 5862, POC - 5852, VAL - 5842

TARGET NIFTY
Buy Nifty Future above 5863 - 5975 - 5900 - 5940 SL - 5842
Sell Nifty Future below 5841 - 5825 - 5800 - 5760 SL - 5962

BANKNIFTY TECHNICAL
Current Spot: 11735.50
Pivot: 11724
5DEMA: 11859
10DEMA: 11900
20DEMA: 11982
50DEMA: 12192
RSI (14 days): 40.89
Parabolic SAR: 12214
Supports: 11637 - 11539 - 11452
Resistance: 11822 - 11909 - 12007
Bank Nifty Future VIX Range: 11632 - 11956
Bank Nifty Future VWAP: 11761.23
MP Values Bank Nifty Future: VAH - 11786, POC - 11734, VAL - 11684

TARGET BANKNIFTY
Buy BankNifty Future above 11805 - 11870 - 11950 - 12040 SL - 11745
Sell BankNifty Future below 11734 - 11695 - 11610 - 11530 SL - 11788

INTRADAY TRADE
Reliance Industries: Buy above 840 for targets of 847, 855 SL 834
Reliance Industries: Sell below 830 for targets of 824, 817 SL 838
BankIndia: Buy above 329 for targets of 332, 338 SL 323
Bergerpaint: Buy above 197 for targets of 198.5, 202 SL 194.5

SCORE SHEET
Asianpaint: Buy above 5020 for targets of 5055, 5115 SL 4950: Target 5030.00 done
Siemens: Buy above 578 for targets of 584, 595 SL 568: Target 588.75 done

POSITIONAL TRADE
Siemens: Buy above 586 for target of 602 SL 577 (2-3 Days)
Crompgreav: Buy above 99.5 for target of 105 SL 97.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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