Market outlook for 20/03/2013

Nifty closed down 89.30 points (1.53%) at 5745.95 while Nifty Future closed at 5751.90, premium of 5.95 points.
Bank Nifty closed down 227.45 points (1.94%) at 11508.05 while Future closed at 11532.95, premium of 24.90 points.

• FII bought in Cash (Net buy 62.63 Crore)
• FII sold in index future, index option, stock future (Net sell 1376.56 Crore)
• DII bought in Cash (Net buy 71.38 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 335:1174.

NIFTY TECHNICAL

Current Spot: 5745.95
Pivot: 5778
5DEMA: 5827
10DEMA: 5842
20DEMA: 5854
50DEMA: 5893
RSI (14 days): 39.43
Parabolic SAR: 5971
Supports: 5692 - 5639 - 5553
Resistance: 5832 - 5917 - 5971

Nifty Future VIX Range: 5698 - 5806
Nifty Future VWAP: 5787.64
MP Values Nifty Future: VAH - 5812, POC - 5780, VAL - 5748

TARGET NIFTY
Buy Nifty Future above 5781 - 5815 - 5855 - 5910 SL - 5747
Sell Nifty Future below 5743 - 5705 - 5660 - 5600 SL - 5780

BANKNIFTY TECHNICAL

Current Spot: 11508.05
Pivot: 11580
5DEMA: 11742
10DEMA: 11829
20DEMA: 11937
50DEMA: 12168
RSI (14 days): 36.02
Parabolic SAR: 12198
Supports: 11345 - 11182 - 10947
Resistance: 11743 - 11978 - 12141

Bank Nifty Future VIX Range: 11367 - 11699
Bank Nifty Future VWAP: 11633.79
MP Values Bank Nifty Future: VAH - 11669, POC - 11570, VAL - 11471

TARGET BANKNIFTY
Buy BankNifty Future above 11635 - 11700 - 11790 - 11900 SL - 11570
Sell BankNifty Future below 11516 - 11450 - 11360 - 11250 SL - 11571

INTRADAY TRADE
Reliance Industries: Buy above 829 for targets of 837, 850 SL 823
Reliance Industries: Sell below 821 for targets of 814, 801 SL 827
Mindtree: Buy above 917 for targets of 924, 936 SL 907
Gail: Buy above 324 for targets of 327, 331 SL 320

SCORE SHEET
BankIndia: Buy above 329 for targets of 332, 338 SL 323: SL Hit
Bergerpaint: Buy above 197 for targets of 198.5, 202 SL 194.5: Target 200.80 done

POSITIONAL TRADE
Gujalkali: Buy above 166 for target of 177 SL 162 (2-3 Days)
Ashokley: Buy above 23.2 for target of 25 SL 22.7 (1 Week)

Thanks and Regards

S&P Wealth Creators