Market outlook for 28/03/2013

Nifty closed up 7.75 points (0.14%) at 5641.60 while Nifty Future closed at 5640.35, discount of 1.25 points.
Bank Nifty closed up 37.80 points (0.34%) at 11163.45 while Future closed at 11158.80, discount of 4.65 points.

• FII bought in Cash (Net buy 538.27 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1398.52 Crore)
• DII sold in Cash (Net sell 124.21 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 657:831.

NIFTY TECHNICAL

Current Spot: 5641.60
Pivot: 5636
5DEMA: 5671
10DEMA: 5721
20DEMA: 5775
50DEMA: 5848
RSI (14 days): 33.57
Parabolic SAR: 5879
Supports: 5617 - 5593 - 5574
Resistance: 5661 - 5680 - 5704

Nifty Future VIX Range: 5587 - 5683
Nifty Future VWAP: 5639.91
MP Values Nifty Future: VAH - 5650, POC - 5641, VAL - 5632

TARGET NIFTY
Buy Nifty Future above 5650 - 5660 - 5675 - 5695 SL - 5635
Sell Nifty Future below 5632 - 5623 - 5605 - 5585 SL - 5642

BANKNIFTY TECHNICAL

Current Spot: 11163.45
Pivot: 11137
5DEMA: 11251
10DEMA: 11422
20DEMA: 11643
50DEMA: 11991
RSI (14 days): 30.93
Parabolic SAR: 11829
Supports: 11075 - 10987 - 10925
Resistance: 11225 - 11287 - 11375

Bank Nifty Future VIX Range: 11016 - 11314
Bank Nifty Future VWAP: 11135.33
MP Values Bank Nifty Future: VAH - 11170, POC - 11137, VAL - 11104

TARGET BANKNIFTY
Buy BankNifty Future above 11170 - 11210 - 11265 - 11340 SL - 11135
Sell BankNifty Future below 11104 - 11080 - 11015 - 10960 SL - 11145

INTRADAY TRADE
Reliance Industries: Buy above 793 for targets of 802, 818 SL 787
Reliance Industries: Sell below 780 for targets of 771, 756 SL 791
Hindunilvr: Buy above 474 for targets of 477, 482 SL 469
Titan: Buy above 253 for targets of 255, 259 SL 249

SCORE SHEET
Oil: Buy above 513 for targets of 518, 528 SL 505: Call not active
Gitanjali: Buy above 565 for targets of 568, 573 SL 560: Target 568.6 done

POSITIONAL TRADE
Gujalkali: Buy above 207 for target of 218 SL 199 (2-3 Days)
Hovs: Buy above 27 for target of 30 SL 25.6 (1 Week)

Thanks and Regards

S&P Wealth Creators