Market outlook for 23/03/12

Nifty closed down 136.50 points (2.54%) at 5228.45 while Nifty Future closed at 5240.05, premium of 11.60 points.
Bank Nifty closed down 350.90 points (3.33%) at 10173.55 while Future closed at 10195.55, premium of 22.00 points.

• FII bought in Cash (Net buy 246.56 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1723.53 Crore)
• DII sold in Cash (Net sell 133.13 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 294:1176.

NIFTY TECHNICAL

Current Spot: 5228.45
Pivot: 5273
5DEMA: 5295
10DEMA: 5317
20DEMA: 5329
50DEMA: 5242
RSI (14 days): 44.12
Parabolic SAR: 5488
Supports: 5161 - 5093 - 4980
Resistance: 5341 - 5454 - 5521
CAM Support: 5212 - 5195 - 5179 - 5129
CAM Resistance: 5245 - 5262 - 5278 - 5328
NF VIX Range: 5167 - 5313

Nifty Future VWAP: 5321.17
MP Values Nifty Future: VAH - 5408, POC - 5372, VAL - 5285

TARGET NIFTY
Buy Nifty Future above 5294 - 5355 - 5470 - 5540 SL - 5276
Sell Nifty Future below 5232 - 5175 - 5110 - 5000 SL - 5293

BANKNIFTY TECHNICAL

Current Spot: 10173.55
Pivot: 10298
5DEMA: 10342
10DEMA: 10393
20DEMA: 10397
50DEMA: 10065
RSI (14 days): 46.41
Parabolic SAR: 10912
Supports: 10012 - 9850 - 9564
Resistance: 10460 - 10746 - 10907
CAM Support: 10132 - 10091 - 10050 - 9927
CAM Resistance: 10215 - 10256 - 10297 - 10420
Bank Nifty VIX Range: 9972 - 10419

Bank Nifty Future VWAP: 10439.35
MP Values Bank Nifty Future: VAH - 10638, POC - 10549, VAL - 10360

TARGET BANKNIFTY
Buy BankNifty Future above 10341 - 10500 - 10810 - 10980 SL - 10288
Sell BankNifty Future below 10185 - 10025 - 9865 - 9600 SL - 10338

INTRADAY TRADE
Reliance Industries: Buy above 750 for targets of 754, 760, 772 SL 745
Reliance Industries: Sell below 743 for targets of 739, 733, 721 SL 749
CoalIndia: Buy above 340 for targets of 345, 352 SL 337
IndiaBulls: Buy above 242 for targets of 246, 252 SL 239

SCORE SHEET
Rushil: Buy above 219 for targets of 223, 229 SL 215: Target 223.95 achieved
BataIndia: Buy above 777 for targets of 785, 795 SL 765: Target 785.00 achieved

POSITIONAL TRADE
InoxLeisur: Buy above 50.5 for target of 53 SL 49.7 (2-3 Days)
Parsvnath: Buy above 61 for target of 66 SL 60 (1 Week)

Thanks and Regards

S&P Wealth Creators