Thursday, March 21, 2013

Market outlook for 22/03/2013

Nifty closed down 35.65 points (0.63%) at 5658.75 while Nifty Future closed at 5664.45, premium of 5.70 points.
Bank Nifty closed down 16.50 points (0.15%) at 11238.35 while Future closed at 11249.65, premium of 11.30 points.
  • FII buy in Cash (Net buy 368.31 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 338.53 Crore)
  • DII sold in Cash (Net sell 30.08 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 406:1111.
NIFTY TECHNICAL
Current Spot: 5658.75
Pivot: 5688
5DEMA: 5741
10DEMA: 5787
20DEMA: 5822
50DEMA: 5870
RSI (14 days): 34.17
Parabolic SAR: 5953
Supports: 5619 - 5578 - 5509
Resistance: 5728 - 5798 - 5838
Nifty Future VIX Range: 5612 - 5717
Nifty Future VWAP: 5716.24
MP Values Nifty Future: VAH - 5745, POC - 5712, VAL - 5679

TARGET NIFTY
Buy Nifty Future above 5712 - 5745 - 5790 - 5830 SL - 5679
Sell Nifty Future below 5658 - 5630 - 5590 - 5550 SL - 5702

BANKNIFTY TECHNICAL
Current Spot: 11238.35
Pivot: 11320
5DEMA: 11466
10DEMA: 11636
20DEMA: 11811
50DEMA: 12082
RSI (14 days): 31.39
Parabolic SAR: 12103
Supports: 11128 - 11018 - 10826
Resistance: 11430 - 11622 - 11733
Bank Nifty Future VIX Range: 11087 - 11412
Bank Nifty Future VWAP: 11380.56
MP Values Bank Nifty Future: VAH - 11443, POC - 11354, VAL - 11265

TARGET BANKNIFTY
Buy BankNifty Future above 11354 - 11440 - 11600 - 11740 SL - 11265
Sell BankNifty Future below 11235 - 11150 - 11050 - 10900 SL - 11341

INTRADAY TRADE
Reliance Industries: Buy above 821 for targets of 827, 840 SL 815
Reliance Industries: Sell below 810 for targets of 803, 791 SL 819
Bhartiartl: Buy above 300 for targets of 303, 309 SL 295
Abgship: Buy above 344 for targets of 348, 355 SL 339

SCORE SHEET
Hindunilvr: Buy above 471 for targets of 475, 482 SL 464: SL Hit
Abgship: Buy above 331 for targets of 334, 340 SL 327: Target 350.00 achieved

POSITIONAL TRADE
Siticable: Buy above 24 for target of 25 SL 23.7 (2-3 Days)
Ruchisoya: Buy above 70 for target of 75 SL 68.7 (1 Week)

Thanks and Regards

S&P Wealth Creators

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