Thursday, March 15, 2012

Market outlook for 16/03/12

Nifty closed down 83.40 points (1.53%) at 5380.50 while Nifty Future closed at 5419.10, premium of 38.60 points.
Bank Nifty closed down 294.70 points (2.71%) at 10595.00 while Future closed at 10654.85, premium of 59.85 points.
  • FII bought in Cash (Net buy 156.02 Crore)
  • FII sold in index future, index option and in stock future (Net sell 819.89 Crore)
  • DII sold in Cash (Net sell 389.17 Crore)
  • Most Active Nifty Call Option: 5500 and 5600.
  • Most Active Nifty Put Options: 5400 and 5300.
  • Advance Decline for the day was 317:965.
NIFTY TECHNICAL
Current Spot: 5380.50
Pivot: 5402
5DEMA: 5387
10DEMA: 5371
20DEMA: 5356
50DEMA: 5231
RSI (14 days): 53.45
Parabolic SAR: 5208
Supports: 5341 - 5302 - 5241
Resistance: 5441 - 5502 - 5541
CAM Support: 5371 - 5362 - 5353 - 5325
CAM Resistance: 5390 - 5399 - 5408 - 5436
NF VIX Range: 5353 - 5485
Nifty Future VWAP: 5438.85
MP Values Nifty Future: VAH - 5459, POC - 5423, VAL - 5398

TARGET NIFTY
Buy Nifty Future above 5446 - 5483 - 5540 - 5590 SL - 5431
Sell Nifty Future below 5411 - 5378 - 5335 - 5270 SL - 5444

BANKNIFTY TECHNICAL
Current Spot: 10595.00
Pivot: 10682
5DEMA: 10621
10DEMA: 10542
20DEMA: 10454
50DEMA: 10010
RSI (14 days): 55.18
Parabolic SAR: 10013
Supports: 10469 - 10344 - 10131
Resistance: 10808 - 11020 - 11146
CAM Support: 10564 - 10533 - 10502 - 10409
CAM Resistance: 10626 - 10657 - 10688 - 10791
Bank Nifty VIX Range: 10436 - 10874
Bank Nifty Future VWAP: 10754.17
MP Values Bank Nifty Future: VAH - 10863, POC - 10671, VAL - 10609

TARGET BANKNIFTY
Buy BankNifty Future above 10762 - 10890 - 11130 - 11280 SL - 10719
Sell BankNifty Future below 10639 - 10515 - 10370 - 10140 SL - 10759

INTRADAY TRADE
Reliance Industries: Buy above 808 for targets of 812, 818, 830 SL 802
Reliance Industries: Sell below 794 for targets of 790, 784, 772 SL 806
Educomp: Buy above 207 for targets of 210, 214 SL 202
Moil: Buy above 435 for targets of 441, 452 SL 421

SCORE SHEET
Onelifecap: Buy above 393 for targets of 400, 415 SL 381: Target 434.20 achieved
YesBank: Buy above 388 for targets of 392, 399 SL 381: Call not active

POSITIONAL TRADE
DBRealty: Buy above 94 for target of 104 SL 89 (2-3 Days)
JSWEnergy: Buy above 70 for target of 77 SL 68 (1 Week)

Thanks and Regards

S&P Wealth Creators

1 comment:

  1. Dear Sanjay,Just read your comment @ JN...
    Frankly speaking.. Still don’t think so that market would fly from here too “immediately”. Considering up side resistances…NF O.I.above 2.65CR. when Nifty is very comfortably trading well below it’s DHEM definitely not favors Bulls from here immediately…As close above 5400 is need of the Hr. as weekly close to keep momentum up… they are struggling even @ 5400 in first Hr. For me … just waiting & watching how long Bulls would able to keep Nifty around & above 5400 today….

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