Market outlook for 01/03/2013

Nifty closed down 103.85 points (1.79%) at 5693.05 while Nifty Future closed at 5729.40, premium of 36.35 points.
Bank Nifty closed down 443.15 points (3.71%) at 11487.35 while Future closed at 11589.55, premium of 102.20 points.

• FII sold in Cash (Net sell 1317.79 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 779.16 Crore)
• DII bought in Cash (Net buy 417.94 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 343:1161.

NIFTY TECHNICAL

Current Spot: 5693.05
Pivot: 5738
5DEMA: 5780
10DEMA: 5828
20DEMA: 5879
50DEMA: 5917
RSI (14 days): 27.07
Parabolic SAR: 5913
Supports: 5627 - 5560 - 5449
Resistance: 5805 - 5916 - 5983

Nifty Future VIX Range: 5682 - 5777
Nifty Future VWAP: 5781.00
MP Values Nifty Future: VAH - 5806, POC - 5764, VAL - 5722

TARGET NIFTY
Buy Nifty Future above 5764 - 5780 - 5805 - 5845 SL - 5722
Sell Nifty Future below 5721 - 5700 - 5675 - 5640 SL - 5862

BANKNIFTY TECHNICAL

Current Spot: 11487.35
Pivot: 11643
5DEMA: 11834
10DEMA: 12008
20DEMA: 12190
50DEMA: 12337
RSI (14 days): 22.09
Parabolic SAR: 12043
Supports: 11245 - 11003 - 10605
Resistance: 11885 - 12284 - 12526

Bank Nifty Future VIX Range: 11440 - 11739
Bank Nifty Future VWAP: 11791.14
MP Values Bank Nifty Future: VAH - 11889, POC - 11708, VAL - 11527

TARGET BANKNIFTY
Buy BankNifty Future above 11708 - 11790 - 11870 - 11980 SL - 12630
Sell BankNifty Future below 11525 - 11450 - 11360 - 11240 SL - 11590

INTRADAY TRADE
Reliance Industries: Buy above 824 for targets of 832, 848 SL 818
Reliance Industries: Sell below 812 for targets of 804, 792 SL 822
Infratel: Buy above 193 for targets of 195, 199 SL 190
Kotakbank: Buy above 661 for targets of 665, 672 SL 656

SCORE SHEET
YesBank: Buy above 492 for targets of 496, 502 SL 486: SL Hit
Adanient: Buy above 226 for targets of 228, 233 SL 223: Target 228.75 done

POSITIONAL TRADE
Pel: Buy above 575 for target of 596 SL 569 (2-3 Days)
Jklakshmi: Buy above 132.5 for target of 138 SL 130.5 (1 Week)

Thanks and Regards

S&P Wealth Creators