Market outlook for 26/03/12

Nifty closed up 49.75 points (0.95%) at 5278.20 while Nifty Future closed at 5285.35, premium of 7.15 points.
Bank Nifty closed up 121.00 points (1.19%) at 10294.55 while Future closed at 10311.00, premium of 16.45 points.

• FII bought in Cash (Net buy 9.46 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 2035.01 Crore)
• DII bought in Cash (Net buy 186.81 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 767:666.

NIFTY TECHNICAL

Current Spot: 5278.20
Pivot: 5270
5DEMA: 5290
10DEMA: 5310
20DEMA: 5324
50DEMA: 5247
RSI (14 days): 47.46
Parabolic SAR: 5477
Supports: 5228 - 5178 - 5136
Resistance: 5320 - 5362 - 5412
CAM Support: 5270 - 5261 - 5253 - 5228
CAM Resistance: 5287 - 5295 - 5304 - 5329
NF VIX Range: 5213 - 5358

Nifty Future VWAP: 5277.27
MP Values Nifty Future: VAH - 5292, POC - 5269, VAL - 5246

TARGET NIFTY
Buy Nifty Future above 5289 - 5330 - 5475 - 5425 SL - 5276
Sell Nifty Future below 5274 - 5240 - 5190 - 5140 SL - 5287

BANKNIFTY TECHNICAL

Current Spot: 10294.55
Pivot: 10275
5DEMA: 10326
10DEMA: 10375
20DEMA: 10387
50DEMA: 10073
RSI (14 days): 49.00
Parabolic SAR: 10896
Supports: 10145 - 9996 - 9867
Resistance: 10424 - 10553 - 10702
CAM Support: 10269 - 10243 - 10218 - 10141
CAM Resistance: 10320 - 10346 - 10371 - 10448
Bank Nifty VIX Range: 10090 - 10532

Bank Nifty Future VWAP: 10288.41
MP Values Bank Nifty Future: VAH - 10395, POC - 10310, VAL - 10225

TARGET BANKNIFTY
Buy BankNifty Future above 10320 - 10445 - 10590 - 10740 SL - 10289
Sell BankNifty Future below 10282 - 10160 - 10005 - 9880 SL - 10318

INTRADAY TRADE
Reliance Industries: Buy above 746 for targets of 749, 754, 762 SL 742
Reliance Industries: Sell below 740 for targets of 738, 735, 729 SL 746
Recltd: Buy above 209 for targets of 212, 216 SL 205
RelCapital: Buy above 403 for targets of 407, 415 SL 398

SCORE SHEET
CoalIndia: Buy above 340 for targets of 345, 352 SL 337: SL Hit
IndiaBulls: Buy above 242 for targets of 246, 252 SL 239: Call not Active

POSITIONAL TRADE
Appaper: Buy above 189 for target of 200 SL 184 (2-3 Days)
Punjlloyd: Buy above 55 for target of 60 SL 53.5 (1 Week)

Thanks and Regards

S&P Wealth Creators