Market outlook for 29/03/12

Nifty closed down 48.40 points (0.92%) at 5194.75 while Nifty Future closed at 5197.40, premium of 2.65 points.
Bank Nifty closed down 188.45 points (1.86%) at 9960.40 while Future closed at 9966.45, premium of 6.05 points.

• FII sold in Cash (Net sell 148.06 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 392.71 Crore)
• DII bought in Cash (Net buy 73.03 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 359:1112.

NIFTY TECHNICAL

Current Spot: 5194.75
Pivot: 5200
5DEMA: 5232
10DEMA: 5264
20DEMA: 5294
50DEMA: 5237
RSI (14 days): 43.70
Parabolic SAR: 5431
Supports: 5164 - 5133 - 5097
Resistance: 5231 - 5267 - 5298
CAM Support: 5189 - 5182 - 5176 - 5158
CAM Resistance: 5201 - 5207 - 5213 - 5232
NF VIX Range: 5126 - 5269

Nifty Future VWAP: 5211.04
MP Values Nifty Future: VAH - 5232, POC - 5215, VAL - 5198

TARGET NIFTY
Buy Nifty Future above 5209 - 5235 - 5275 - 5310 SL - 5199
Sell Nifty Future below 5190 - 5166 - 5135 - 5100 SL - 5208

BANKNIFTY TECHNICAL

Current Spot: 9960.40
Pivot: 9995
5DEMA: 10123
10DEMA: 10226
20DEMA: 10299
50DEMA: 10051
RSI (14 days): 43.31
Parabolic SAR: 10735
Supports: 9867 - 9774 - 9646
Resistance: 10088 - 10215 - 10309
CAM Support: 9940 - 9920 - 9900 - 9839
CAM Resistance: 9981 - 10001 - 10021 - 10082
Bank Nifty VIX Range: 9756 - 10177

Bank Nifty Future VWAP: 10024.55
MP Values Bank Nifty Future: VAH - 10133, POC - 10066, VAL - 9999

TARGET BANKNIFTY
Buy BankNifty Future above 10017 - 10100 - 10240 - 10345 SL - 9989
Sell BankNifty Future below 9952 - 9875 - 9775 - 9640 SL - 10015

INTRADAY TRADE
Reliance Industries: Buy above 731 for targets of 734, 739, 748 SL 726
Reliance Industries: Sell below 722 for targets of 719, 714, 705 SL 729
TataSteel: Buy above 456 for targets of 460, 467 SL 450
Mcleodruss: Buy above 274 for targets of 277, 283 SL 271

SCORE SHEET
Bomdyeing: Buy above 566 for targets of 572, 586 SL 551: Target 577.90 done
DLF: Buy above 198.5 for targets of 200, 203 SL 195.4: Call not active

POSITIONAL TRADE
Gujnrecoke: Buy above 22.8 for target of 24 SL 22.3 (2-3 Days)
Ansalapi: Buy above 35.8 for target of 39.2 SL 33.9 (1 Week)

Thanks and Regards

S&P Wealth Creators