Sunday, March 24, 2013

Market outlook for 25/03/2013

Nifty closed down 7.40 points (0.13%) at 5651.35 while Nifty Future closed at 5668.40, premium of 17.05 points.
Bank Nifty closed down 34.30 points (0.31%) at 11204.05 while Future closed at 11237.15, premium of 33.10 points.
  • FII sold in Cash (Net sell 14.20 Crore)
  • FII sold in index future, index option but bought in stock future (Net sell 335.35 Crore)
  • DII sold in Cash (Net sell 135.57 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 457:1054.
NIFTY TECHNICAL
Current Spot: 5651.35
Pivot: 5658
5DEMA: 5711
10DEMA: 5762
20DEMA: 5806
50DEMA: 5862
RSI (14 days): 33.74
Parabolic SAR: 5933
Supports: 5625 - 5599 - 5565
Resistance: 5685 - 5718 - 5744
Nifty Future VIX Range: 5618 - 5719
Nifty Future VWAP: 5671.69
MP Values Nifty Future: VAH - 5684, POC - 5667, VAL - 5650

TARGET NIFTY
Buy Nifty Future above 5684 - 5700 - 5730 - 5765 SL - 5667
Sell Nifty Future below 5660 - 5645 - 5620 - 5590 SL - 5671

BANKNIFTY TECHNICAL
Current Spot: 11204.05
Pivot: 11236
5DEMA: 11379
10DEMA: 11558
20DEMA: 11753
50DEMA: 12048
RSI (14 days): 30.82
Parabolic SAR: 12028
Supports: 11141 - 11078 - 10983
Resistance: 11299 - 11394 - 11457
Bank Nifty Future VIX Range: 11080 - 11394
Bank Nifty Future VWAP: 11279.21
MP Values Bank Nifty Future: VAH - 11319, POC - 11280, VAL - 11241

TARGET BANKNIFTY
Buy BankNifty Future above 11280 - 11325 - 11400 - 11480 SL - 11241
Sell BankNifty Future below 11221 - 11180 - 11115 - 11020 SL - 11265

INTRADAY TRADE
Reliance Industries: Buy above 816 for targets of 824, 834 SL 810
Reliance Industries: Sell below 807 for targets of 800, 790 SL 814
Albk: Buy above 130 for targets of 132, 134 SL 128.5
Heromotoco: Buy above 1662 for targets of 1675, 1695 SL 1648

SCORE SHEET
Bhartiartl: Buy above 300 for targets of 303, 309 SL 295: Call not Active
Abgship: Buy above 344 for targets of 348, 355 SL 339: Target 349.55 achieved

POSITIONAL TRADE
Divislab: Buy above 1000 for target of 1040 SL 982 (2-3 Days)
Jindalstel: Buy above 353 for target of 370 SL 348 (1 Week)

Thanks and Regards

S&P Wealth Creators

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