Market outlook for 28/02/11

Nifty closed up 40.85 points (0.78%) at 5303.55 while Nifty March Future closed at 5313.80 premium of 10.25 points
Bank Nifty closed up 225.10 points (2.20%) at 10435.85 while March Future closed at 10454.95 premium of 19.10 points.

• FII sold in Cash (Net sell 561.46 Crore, Relentless Selling for the last few days)
• FII bought in index option, index future and stock future (Net buy 2242.82 Crore)
• DII bought in Cash (Net buy 555.29 Crore)
• US market ended in Green.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty March Call Option: 5400 and 5500.
• Most Active Nifty March Put Options: 5200 and 5100.
• Advance Decline for the day was 565:815

NIFTY TECHNICAL

Current Spot: 5303.55
Pivot: 5292
5DEMA: 5366
10DEMA: 5401
20DEMA: 5453
50DEMA: 5598
RSI (15 days): 38.74
Parabolic SAR: 5592
Supports: 5245 - 5186
Resistance: 5350 - 5397

Nifty Future VWAP: 5304.10
MP Values Futures: VAH - 5332, POC - 5304, VAL - 5276

TARGET NIFTY
Buy Nifty Future above 5318 - 5360 - 5410 - 5475 SL - 5295
Sell Nifty Future below 5290 - 5251 - 5186 - 5137 SL - 5309

BANKNIFTY TECHNICAL

Current Spot: 10435.85
Pivot: 10403
5DEMA: 10558
10DEMA: 10637
20DEMA: 10675
50DEMA: 10887
RSI (15 days): 44.34
Parabolic SAR: 11278
Supports: 10296 - 10156
Resistance: 10543 - 10651

Bank Nifty Future VWAP: 10397.07
MP Values Bank Nifty Futures: VAH - 10460, POC - 10400, VAL - 10340

TARGET BANKNIFTY
Buy BankNifty Future above 10463 - 10551 - 10653 - 10800 SL - 10403
Sell BankNifty Future below 10393 - 10312 - 10164 - 10060 SL - 10414

INTRADAY TRADE
Reliance Industries: Buy above 973 for targets of 976, 981, 993 SL 965
Reliance Industries: Sell below 962 for targets of 958, 953, 944 SL 970
Arevat&d: Buy above 285 for targets of 289, 294 SL 278
Pantaloonr: Buy above 278 for targets of 281, 287 SL 273

SCORE SHEET
Educomp: Buy above 491 for targets of 495, 500 SL 487: Target 502.4 achieved
Jublfood: Buy above 542 for targets of 547, 558 SL 536: Target 546.6 achieved

POSITIONAL TRADE
Ivrclinfra: Buy above 69 for target of 75 SL 67 (One Week)
Polaris: Buy above 185 for target of 194 SL 180 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators


Note : My daughter will sitting for her ICSE Examination so my updates may be erratic.