Market outlook for 21/03/2013

Nifty closed down 51.55 points (0.90%) at 5694.40 while Nifty Future closed at 5715.50, premium of 21.10 points.
Bank Nifty closed down 253.20 points (2.20%) at 11254.85 while Future closed at 11297.75, premium of 42.90 points.

• FII sold in Cash (Net sell 236.72 Crore)
• FII sold in index future, index option, stock future (Net sell 1997.37 Crore)
• DII sold in Cash (Net sell 356.93 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 272:1240.

NIFTY TECHNICAL

Current Spot: 5694.40
Pivot: 5707
5DEMA: 5783
10DEMA: 5815
20DEMA: 5839
50DEMA: 5884
RSI (14 days): 36.17
Parabolic SAR: 5965
Supports: 5669 - 5644 - 5606
Resistance: 5732 - 5770 - 5795

Nifty Future VIX Range: 5663 - 5768
Nifty Future VWAP: 5727.43
MP Values Nifty Future: VAH - 5741, POC - 5725, VAL - 5709

TARGET NIFTY
Buy Nifty Future above 5741 - 5755 - 5780 - 5810 SL - 5723
Sell Nifty Future below 5707 - 5694 - 5670 - 5640 SL - 5728

BANKNIFTY TECHNICAL

Current Spot: 11254.85
Pivot: 11326
5DEMA: 11580
10DEMA: 11725
20DEMA: 11872
50DEMA: 12130
RSI (14 days): 31.56
Parabolic SAR: 12160
Supports: 11160 - 11066 - 10900
Resistance: 11421 - 11586 - 11681

Bank Nifty Future VIX Range: 11130 - 11466
Bank Nifty Future VWAP: 11397.47
MP Values Bank Nifty Future: VAH - 11464, POC - 11387, VAL - 11310

TARGET BANKNIFTY
Buy BankNifty Future above 11387 - 11460 - 11600 - 11720 SL - 11310
Sell BankNifty Future below 11281 - 11200 - 11095 - 10950 SL - 11370

INTRADAY TRADE
Reliance Industries: Buy above 825 for targets of 833, 845 SL 819
Reliance Industries: Sell below 818 for targets of 810, 800 SL 824
Hindunilvr: Buy above 471 for targets of 475, 482 SL 464
Abgship: Buy above 331 for targets of 334, 340 SL 327

SCORE SHEET
Mindtree: Buy above 917 for targets of 924, 936 SL 907: Target 920.20 done
Gail: Buy above 324 for targets of 327, 331 SL 320: Call not Active

POSITIONAL TRADE
Gujalkali: Buy above 176 for target of 185 SL 172 (2-3 Days)
Ruchisoya: Buy above 66 for target of 72 SL 64.5 (1 Week)

Thanks and Regards

S&P Wealth Creators