Market outlook for 28/03/12

Nifty closed up 58.90 points (1.14%) at 5243.15 while Nifty Future closed at 5251.75, premium of 8.60 points.
Bank Nifty closed up 105.35 points (1.05%) at 10148.85 while Future closed at 10169.75, premium of 20.90 points.

• FII bought in Cash (Net buy 42.99 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 630.92 Crore)
• DII sold in Cash (Net sell 290.05 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 596:843.

NIFTY TECHNICAL

Current Spot: 5243.15
Pivot: 5235
5DEMA: 5251
10DEMA: 5279
20DEMA: 5305
50DEMA: 5242
RSI (14 days): 46.28
Parabolic SAR: 5448
Supports: 5193 - 5142 - 5099
Resistance: 5286 - 5329 - 5379
CAM Support: 5235 - 5226 - 5217 - 5192
CAM Resistance: 5252 - 5260 - 5269 - 5294
NF VIX Range: 5179 - 5325

Nifty Future VWAP: 5233.08
MP Values Nifty Future: VAH - 5247, POC - 5222, VAL - 5197

TARGET NIFTY
Buy Nifty Future above 5256 - 5295 - 5345 - 5400 SL - 5239
Sell Nifty Future below 5237 - 5198 - 5145 - 5100 SL - 5251

BANKNIFTY TECHNICAL

Current Spot: 10148.85
Pivot: 10121
5DEMA: 10204
10DEMA: 10285
20DEMA: 10355
50DEMA: 10068
RSI (14 days): 46.68
Parabolic SAR: 10807
Supports: 9995 - 9842 - 9716
Resistance: 10275 - 10401 - 10554
CAM Support: 10123 - 10098 - 10072 - 9995
CAM Resistance: 10174 - 10200 - 10226 - 10303
Bank Nifty VIX Range: 9955 - 10385

Bank Nifty Future VWAP: 10122.45
MP Values Bank Nifty Future: VAH - 10171, POC - 10095, VAL - 10019

TARGET BANKNIFTY
Buy BankNifty Future above 10177 - 10305 - 10450 - 10620 SL - 10129
Sell BankNifty Future below 10128 - 10010 - 9850 - 9690 SL - 10168

INTRADAY TRADE
Reliance Industries: Buy above 735 for targets of 738, 743, 750 SL 730
Reliance Industries: Sell below 727 for targets of 724, 718, 710 SL 733
Bomdyeing: Buy above 566 for targets of 572, 586 SL 551
DLF: Buy above 198.5 for targets of 200, 203 SL 195.4

SCORE SHEET
Mcdowell-n: Buy above 554 for targets of 559, 566 SL 548: Target 574.40 done
Glodyne: Buy above 381 for targets of 384, 389 SL 376: Target 383.40 done

POSITIONAL TRADE
SesaGoa: Buy above 196 for target of 204 SL 193 (2-3 Days)
Indiacem: Buy above 118 for target of 125 SL 114 (1 Week)

Thanks and Regards

S&P Wealth Creators