Market outlook for 26/03/2013

Nifty closed down 17.50 points (0.31%) at 5633.85 while Nifty Future closed at 5645.05, premium of 11.20 points.
Bank Nifty closed down 78.40 points (0.70%) at 11125.65 while Future closed at 11144.10, premium of 18.45 points.

• FII bought in Cash (Net buy 717.89 Crore)
• FII sold in index option, stock option but bought in index future (Net sell 105.44 Crore)
• DII sold in Cash (Net sell 425.61 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 555:963.

NIFTY TECHNICAL

Current Spot: 5633.85
Pivot: 5659
5DEMA: 5686
10DEMA: 5739
20DEMA: 5789
50DEMA: 5857
RSI (14 days): 32.55
Parabolic SAR: 5909
Supports: 5599 - 5565 - 5505
Resistance: 5693 - 5753 - 5787

Nifty Future VIX Range: 5593 - 5691
Nifty Future VWAP: 5681.85
MP Values Nifty Future: VAH - 5714, POC - 5703, VAL - 5658

TARGET NIFTY
Buy Nifty Future above 5670 - 5690 - 5730 - 5770 SL - 5658
Sell Nifty Future below 5640 - 5620 - 5585 - 5545 SL - 5668

BANKNIFTY TECHNICAL

Current Spot: 11125.65
Pivot: 11199
5DEMA: 11294
10DEMA: 11479
20DEMA: 11694
50DEMA: 12024
RSI (14 days): 29.32
Parabolic SAR: 11935
Supports: 11025 - 10924 - 10750
Resistance: 11300 - 11474 - 11575

Bank Nifty Future VIX Range: 11009 - 11315
Bank Nifty Future VWAP: 11262.56
MP Values Bank Nifty Future: VAH - 11294, POC - 11185, VAL - 11112

TARGET BANKNIFTY
Buy BankNifty Future above 11225 - 11310 - 11415 - 11520 SL - 11185
Sell BankNifty Future below 11112 - 11040 - 10950 - 10850 SL - 11186

INTRADAY TRADE
Reliance Industries: Buy above 816 for targets of 825, 833 SL 810
Reliance Industries: Sell below 806 for targets of 798, 788 SL 814
Oil: Buy above 513 for targets of 518, 528 SL 505
Gitanjali: Buy above 565 for targets of 568, 573 SL 560

SCORE SHEET
Albk: Buy above 130 for targets of 132, 134 SL 128.5: Target 133.00 done
Heromotoco: Buy above 1662 for targets of 1675, 1695 SL 1648: Call not active

POSITIONAL TRADE
Bergepaint: Buy above 200 for target of 208 SL 197 (2-3 Days)
NMDC: Buy above 134.5 for target of 140 SL 133 (1 Week)

Thanks and Regards

S&P Wealth Creators