Market outlook for 14/03/12

Nifty closed up 69.95 points (1.31%) at 5429.50 while Nifty Future closed at 5468.40, premium of 38.90 points.
Bank Nifty closed up 60.55 points (0.57%) at 10686.20 while Future closed at 10765.45, premium of 79.25 points.

• FII bought in Cash (Net buy 872.68 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 303.01 Crore)
• DII sold in Cash (Net sell 433.74 Crore)
• Most Active Nifty Call Option: 5500 and 5600.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 863:407.

NIFTY TECHNICAL

Current Spot: 5429.50
Pivot: 5420
5DEMA: 5353
10DEMA: 5347
20DEMA: 5342
50DEMA: 5220
RSI (14 days): 58.23
Parabolic SAR: 5177
Supports: 5401 - 5372 - 5353
Resistance: 5449 - 5468 - 5496
CAM Support: 5425 - 5421 - 5416 - 5403
CAM Resistance: 5434 - 5438 - 5443 - 5456
NF VIX Range: 5402 - 5535

Nifty Future VWAP: 5457.89
MP Values Nifty Future: VAH - 5476, POC - 5459, VAL - 5435

TARGET NIFTY
Buy Nifty Future above 5473 - 5500 - 5540 - 5595 SL - 5432
Sell Nifty Future below 5429 - 5405 - 5345 - 5300 SL - 5446

BANKNIFTY TECHNICAL

Current Spot: 10686.20
Pivot: 10708
5DEMA: 10505
10DEMA: 10451
20DEMA: 10392
50DEMA: 9959
RSI (14 days): 59.26
Parabolic SAR: 9957
Supports: 10650 - 10614 - 10556
Resistance: 10744 - 10802 - 10838
CAM Support: 10678 - 10669 - 10660 - 10634
CAM Resistance: 10695 - 10703 - 10712 - 10738
Bank Nifty VIX Range: 10553 - 10978

Bank Nifty Future VWAP: 10779.08
MP Values Bank Nifty Future: VAH - 10798, POC - 10777, VAL - 10756

TARGET BANKNIFTY
Buy BankNifty Future above 10782 - 10810 - 10860 - 10900 SL - 10759
Sell BankNifty Future below 10749 - 10720 - 10685 - 10640 SL - 10780

INTRADAY TRADE
Reliance Industries: Buy above 822 for targets of 825, 830, 840 SL 813
Reliance Industries: Sell below 811 for targets of 808, 803, 793 SL 817
SesaGoa: Buy above 209.5 for targets of 212, 215 SL 206
Irb: Buy above 200 for targets of 202, 205 SL 196

SCORE SHEET
Bfutilitie: Buy above 435 for targets of 441, 450 SL 427: Target 445.90 achieved
Bharatforg: Buy above 330 for targets of 335, 342 SL 322: SL Hit

POSITIONAL TRADE
JetAirways: Buy above 317 for target of 337 SL 306 (2-3 Days)
Saregama: Buy above 115 for target of 130 SL 110 (1 Week)

Thanks and Regards

S&P Wealth Creators