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with more than "9700 accurate Outlooks" of 
"Indian Stock Markets" 

Finally impulsive wave-3 Rally after Correction Completion

Nifty-EOD Chart(23-Mar-2012):-
Just click on chart for its enlarged view 
Technical Patterns and Formations in EOD charts

1- Bottom of 13 months correction at 4531.15 on 20-12-2011
2- Wave-1 completion at 5629.95 on 22-02-2012
3- Corrective Wave-2 bottom at 5171.45 on 07-03-2012
4- Continuation pattern Symmetrical triangle Formation

Conclusions from EOD chart analysis 

Correction is on but no reversal pattern visible. As Continuation pattern Symmetrical triangle formation seen therefore expected that finally impulsive wave-3 rally will be seen after completion of corrective Wave-2.

Long Term Trend Decider 200-Day EMA & 200-Day SMA

Nifty-EOD Chart(23-Mar-2012):-
Just click on chart for its enlarged view 
Technical Patterns and Formations in EOD charts

1- Resistances at 200-Day SMA
2- Support at 200-Day SMA on 07-03-2012 at 5171.45
3- Support at 200-Day EMA on 22-03-2012 at 5206
4- 200-Day EMA is at 5204 on 23-03-2012
5- 200-Day SMA is at 5156 on 23-03-2012

Conclusions from EOD chart analysis 

Corrective Wave-2 is on and Intermediate and Short Term Trends are down. As Nifty is sustaining above 200-Day EMA & SMA therefore Long term trend is up,until Nifty is above till then Bullish markets survival hopes are alive.

It is clear from above EOD Chart that when Indian market was in Bear phase then each time Nifty faced resistances and retraced from 200-Day EMA & SMA. Nifty traded whole previous week above 200-Day EMA as well as tested it also but got support and sustained above. 

Correction is on and its completion confirmation is required yet. Although Petroleum Price hike news is possible any day but sustaining below 5157 should be firstly watched tomorrow for Long Term Trend survival confirmations and until Nifty will not sustain below it till then Uptrend will remain intact.

Expected that finally Nifty will not sustain below 200-Day SMA and impulsive Wave-3 will continue after on going Wave-2 correction completion.

FII Trading Data in Derivatives Segment on 23-Mar-2012


FII & DII trading activity in Capital Market Segment on 23-Mar-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII23-Mar-20122310.912301.459.46

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII23-Mar-2012689.22502.41186.81

Indian Stock Markets Closing Reports(23-Mar-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except Metals.
2- White Candle.
3- Whole day positive market.

Ratios

Nifty Put Call Ratio: 1.25
Nifty P/E Ratio(23-Mar-2012): 18.65

Advances & Declines

BSE Advances : 1430
BSE Declines : 1484
NSE Advances :  764
NSE Declines :  666

Nifty Open Interest Changed Today

Nifty- 5100 CE(Mar)- -59850(-4.83%)
Nifty- 5100 PE(Mar)- +1555950(+26.81%)

Nifty- 5200 CE(Mar)- +265950(+7.01%)
Nifty- 5200 PE(Mar)- +1897250(+27.92%)

Nifty- 5300 CE(Mar)- +488200(+11.00%)
Nifty- 5300 PE(Mar)- +224350(+4.48%)

Nifty- 5400 CE(Mar)- -334350(-5.01%)
Nifty- 5400 PE(Mar)- +24450(+0.69%)

Closing 

Nifty- closed at 5,278.20(+49.75 Points & +0.95%)
Sensex- closed at 17,361.74(+165.27 Points & +0.96%)
CNX Midcap - closed at 7,671.40(+60.50 Points & +0.79%)
BSE Smallcap- closed at 6,626.35(+26.66 Points & +0.40%)

Nifty Spot-Levels & Trading Strategy for 26-03-2012

Nifty Spot-Levels

R3 5412
R2 5362
R1 5320
Avg 5270
S1 5228
S2 5178
S3 5136

Nifty Spot-Trading Strategy

H6 5371     Trgt 2
H5 5349     Trgt 1
H4 5328     Long breakout
H3 5303     Go Short
H2 5294
H1 5286
L1 5269
L2 5261
L3 5252     Long
L4 5227     Short Breakout
L5 5206     Trgt 1
L6 5184     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 26-03-2012

Nifty(Mar Fut)-Levels

R3 5428
R2 5378
R1 5331
Avg 5281
S1 5234
S2 5184
S3 5137

Nifty(Mar Fut)-Trading Strategy

H6 5383     Trgt 2
H5 5360     Trgt 1
H4 5338     Long breakout
H3 5311     Go Short
H2 5302
H1 5293
L1 5276
L2 5267
L3 5258     Long
L4 5231     Short Breakout
L5 5209     Trgt 1
L6 5187     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 26-03-2012

Bank Nifty(Mar Fut)-Levels

R3 10751
R2 10595
R1 10453
Avg 10297
S1 10155
S2 9999
S3 9857

Bank Nifty(Mar Fut)-Trading Strategy

H6 10614     Trgt 2
H5 10544     Trgt 1
H4 10474     Long breakout
H3 10392     Go Short
H2 10365
H1 10338
L1 10283
L2 10256
L3 10229     Long
L4 10147     Short Breakout
L5 10077     Trgt 1
L6 10008     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Mar 26 to Mar 30,2012)

Nifty Spot-Weekly Levels

R3 5554
R2 5470
R1 5374
Avg 5290
S1 5194
S2 5110
S3 5014

Nifty Spot-Weekly Trading Strategy 

H6 5460     Trgt 2
H5 5418     Trgt 1
H4 5377     Long breakout
H3 5327     Go Short
H2 5311
H1 5294
L1 5261
L2 5245
L3 5228    Long
L4 5179     Short Breakout
L5 5137     Trgt 1
L6 5095     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Mar 26 to Mar 30,2012)

Bank Nifty Spot-Weekly Levels

R3 11002
R2 10793
R1 10544
Avg 10335
S1 10086
S2 9877
S3 9628

Bank Nifty Spot-Weekly Trading Strategy 

H6 10760     Trgt 2
H5 10653     Trgt 1
H4 10546     Long breakout
H3 10420     Go Short
H2 10378
H1 10336
L1 10253
L2 10211
L3 10169     Long
L4 10043     Short Breakout
L5  9936    Trgt 1
L6  9829    Trgt 2

Pre-Closing Outlook(23-03-2012)

More than 4 hours trading between 5233-5278 and after that break out after European markets positive opening but failed to sustain at higher levels and slipped into mentioned range after Bearish Rising Wedge pattern formations.

Although positive closing expected after almost whole day Green trading higher levels selling patterns also therefore until Nifty will not sustain above todays highs(5312) till then any sustained up move will not be considered.

Higher levels selling,lower levels support today and next trend confirmations will be sustaining beyond today trading range therefore will be firstly watched in next week.

Mid-session Outlook(23-03-2012)

Nifty traded most time between 5233-5278 with higher levels selling between 5258-5278. Although higher levels intraday selling patterns but lower levels supports also therefore sustaining beyond mentioned today trading range should be firstly watched for next decisive moves confirmations.

Post-open Outlook(23-03-2012)

Sharp down yesterday after higher levels good selling yesterday but positive market since opening today. Nifty recovered immediately after opening but failed to cross resistance at 5295 and slipped after intraday selling patterns between 5258-5278.

Nifty got support 2 times earlier near 5200 and again trading above 5200 today after forming low at 5205.6 and sustaining beyond 5210 should be firstly watched for nexts decisive moves cinfirmations.

Long Term Trend Again at Stake

Nifty-Intra Day Chart(22-Mar-2012):-
Just click on chart for its enlarged view 
Technical Patterns and Formations in today intraday charts

1- Selling between 5333-5383
2- Sharp Fall after good selling.
3- Whole day trading between 5206-5385

Conclusions from intra day chart analysis 

As soon as selling formation got confirmation then it was updated in Mid-session Outlook and only selling was repeated in all the intraday Outlooks as well as next targets were projected which achieved also.

Intermediate and Short Term Trends are down.Long Term trend is up but certainly at stake after good selling at higher levels and sustaining below following 2 levels will be confirmation Long Term Trend torning down:-

1- 200-Day EMA- 5203
2- 200-Day SMA- 5157

Sustaining below 5157 should be firstly watched tomorrow for Long Term Trend survival confirmations.

FII Trading Data in Derivatives Segment on 22-Mar-2012


Indian Stock Markets Closing Reports(22-Mar-2012)

Main features of today trading are as follows

1- All the Indices closed in Red.
2- Long Black Candle.
3- Closing near the lows of the day.

Ratios

Nifty Put Call Ratio: 1.18
Nifty P/E Ratio(22-Mar-2012): 18.47

Advances & Declines

BSE Advances :  837
BSE Declines : 2071
NSE Advances :  287
NSE Declines : 1179

Nifty Open Interest Changed Today

Nifty- 5100 CE(Mar)- +495350(+66.62%)
Nifty- 5100 PE(Mar)- -1555650(-21.14%)

Nifty- 5200 CE(Mar)- +1505250(+63.88%)
Nifty- 5200 PE(Mar)- -146100(-1.85%)

Nifty- 5300 CE(Mar)- +805900(+21.22%)
Nifty- 5300 PE(Mar)- -849500(-13.60%)

Nifty- 5400 CE(Mar)- +1421500(+25.72%)
Nifty- 5400 PE(Mar)- -1052550(-22.40%)

Closing 

Nifty- closed at 5,228.45(-136.50 Points & -2.54%)
Sensex- closed at 17,196.47(-405.24 Points & -2.30%)
CNX Midcap - closed at 7,610.90(-183.85 Points & -2.36%)
BSE Smallcap- closed at 6,599.69(-112.51 Points & -1.68%)

FII & DII trading activity in Capital Market Segment on 22-Mar-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII22-Mar-20122643.392396.83246.56

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII22-Mar-20121118.381251.51-133.13

Nifty Spot-Levels & Trading Strategy for 23-03-2012

Nifty Spot-Levels

R3 5520
R2 5452
R1 5340
Avg 5272
S1 5160
S2 5092
S3 4980

Nifty Spot-Trading Strategy

H6 5408     Trgt 2
H5 5367     Trgt 1
H4 5327     Long breakout
H3 5277     Go Short
H2 5261
H1 5244
L1 5211
L2 5195
L3 5178     Long
L4 5129     Short Breakout
L5 5088     Trgt 1
L6 5047     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 23-03-2012

Nifty(Mar Fut)-Levels

R3 5550
R2 5480
R1 5360
Avg 5290
S1 5170
S2 5100
S3 4980

Nifty(Mar Fut)-Trading Strategy

H6 5430     Trgt 2
H5 5387     Trgt 1
H4 5344     Long breakout
H3 5292     Go Short
H2 5274
H1 5257
L1 5222
L2 5205
L3 5187     Long
L4 5135     Short Breakout
L5 5092     Trgt 1
L6 5049     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 23-03-2012

Bank Nifty(Mar Fut)-Levels

R3 10991
R2 10818
R1 10506
Avg 10333
S1 10021
S2 9848
S3 9536

Bank Nifty(Mar Fut)-Trading Strategy

H6 10681     Trgt 2
H5 10571     Trgt 1
H4 10461     Long breakout
H3 10328     Go Short
H2 10283
H1 10239
L1 10150
L2 10106
L3 10061     Long
L4  9928    Short Breakout
L5  9818    Trgt 1
L6  9708    Trgt 2

Pre-Closing Outlook(22-03-2012)

Following line was told in Mid-session Outlook-2 today

retesting of this week lows(5240) is possible in the coming sessions.

Nifty is trading below 5240 now and after good intraday selling today and retesting of previous strong support(5172-5200) is possible in the coming sessions.

Mid-session Outlook-2(22-03-2012)


Selling patterns between 5370-5383 were told in Mid-session Outlook today and Nifty could not above mentioned selling range as well as slipped sharply below today intraday lows.

As good higher levels selling today therefore more down moves and retesting of this week lows(5240) is possible in the coming sessions.

Mid-session Outlook(22-03-2012)

Sharp 2 sessions fall after Budget and yesterday good recovery after lower levels good support above previous strong support of 5172-5200. Immediate resistances before Budget and immediate supports after Budget are as follows:-

1- Resistances between 5405-5444
2- supports between 5240-5300

Both sides moives are capped between 5240-5444 and Nifty will trade as well as between this range to prepare for next moves.

Nifty is trading between 5338-5383 since opening today and higher levels minor intraday selling patterns seen between 5370-5383. Sustaining beyond mentioned today trading range will be next moves first strong indication therefore should be firstly watched.

Indian Stock Markets Closing Reports(21-Mar-2012)

Main features of today trading are as follows

1- Long White Candle
2- All the Indices closed in Green.
3- Whole day up moves with closing near Day's highest levels.

Ratios

Nifty Put Call Ratio: 1.06
Nifty P/E Ratio(21-Mar-2012):18.96

Advances & Declines

BSE Advances : 1766
BSE Declines : 1157
NSE Advances : 1023
NSE Declines :  401

Nifty Open Interest Changed Today

Nifty- 5300 CE(Mar)- -623700(-13.80%)
Nifty- 5300 PE(Mar)- +1096600(+19.17%)

Nifty- 5400 CE(Mar)- -406450(-6.85%)
Nifty- 5400 PE(Mar)- +1506400(+41.30%)

Nifty- 5500 CE(Mar)- -253300(-3.75%)
Nifty- 5500 PE(Mar)- +145850(+6.56%)

Closing 

Nifty- closed at 5,364.95(+90.10 Points & +1.71%)
Sensex- closed at 17,601.71(+285.53 Points & +1.65% )
CNX Midcap - closed at 7,794.75(+157.30 Points & +2.06%)
BSE Smallcap- closed at 6,712.20(+81.77 Points & +1.23%)

FII Trading Data in Derivatives Segment on 21-Mar-2012


FII & DII trading activity in Capital Market Segment on 21-Mar-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII21-Mar-20123488.62865.96622.64

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII21-Mar-2012956.011249.71-293.7

Nifty Spot-Levels & Trading Strategy for 22-03-2012

Nifty Spot-Levels

R3 5521
R2 5446
R1 5405
Avg 5330
S1 5289
S2 5214
S3 5173

Nifty Spot-Trading Strategy

H6 5482     Trgt 2
H5 5455     Trgt 1
H4 5427     Long breakout
H3 5395     Go Short
H2 5385
H1 5374
L1 5353
L2 5342
L3 5332     Long
L4 5300     Short Breakout
L5 5272     Trgt 1
L6 5245     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2012

Nifty(Mar Fut)-Levels

R3 5571
R2 5488
R1 5441
Avg 5358
S1 5311
S2 5228
S3 5181

Nifty(Mar Fut)-Trading Strategy

H6 5526     Trgt 2
H5 5496     Trgt 1
H4 5465     Long breakout
H3 5429     Go Short
H2 5417
H1 5405
L1 5382
L2 5370
L3 5358     Long
L4 5322     Short Breakout
L5 5291     Trgt 1
L6 5261     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2012

Bank Nifty(Mar Fut)-Levels

R3 11092
R2 10861
R1 10728
Avg 10497
S1 10364
S2 10133
S3 10000

Bank Nifty(Mar Fut)-Trading Strategy

H6 10971     Trgt 2
H5 10883     Trgt 1
H4 10796     Long breakout
H3 10696     Go Short
H2 10662
H1 10629
L1 10562
L2 10529
L3 10495     Long
L4 10395     Short Breakout
L5 10308     Trgt 1
L6 10220     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Mar 19 to Mar 23,2012)

Nifty Spot-Weekly Levels

R3 5637
R2 5568
R1 5443
Avg 5374
S1 5249
S2 5180
S3 5055

Nifty Spot-Weekly Trading Strategy 

H6 5512     Trgt 2
H5 5468     Trgt 1
H4 5424     Long breakout
H3 5371     Go Short
H2 5353
H1 5335
L1 5300
L2 5282
L3 5264     Long
L4 5211     Short Breakout
L5 5167     Trgt 1
L6 5123     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Mar 19 to Mar 23,2012)

Bank Nifty Spot-Weekly Levels

R3 11316
R2 11114
R1 10752
Avg 10550
S1 10188
S2 9986
S3 9624

Bank Nifty Spot-Weekly Trading Strategy 

H6 10957     Trgt 2
H5 10829     Trgt 1
H4 10701     Long breakout
H3 10546     Go Short
H2 10494
H1 10442
L1 10339
L2 10287
L3 10235    Long
L4 10080     Short Breakout
L5  9952    Trgt 1
L6  9824    Trgt 2
All the services will start today

Non-Event Budget triggered Sharp Correction

We were expecting that market will move up after Budget and Nifty moved up also 40 points after the beginning Budget speech but Budget completely failed to show induatrial growth road map and Reform Agenda thrown into cold storage and therefore selling developed during Budget hours. As soon selling developed then We immediately updated about selling and cautioned at 12:29 PM in Mid-session Outlook when Budget Speech was going on and Nifty was trading at 5400.45:-

As selling seen today therefore view turned cautious despite whole day positive market today and equally fresh consolidation is firstly required within yesterday range for moves above 5444. 

Nifty Intraday Chart from "nseindia.com"(at 12:29PM on 16-Mar-2012):-

















It is clear from the above chart that when Nifty was trading at 5400.45 then we clearly told for selling and cautioned also at 12:29PM on 16-Mar-2012



Nifty-Intra Day Chart(16-Mar-2012):-
Just click on chart for its enlarged view 
Technical Patterns and Formations in today intraday charts

1- Selling between 5395-5444
2- Selling between 5405-5430
3- Sharp fall after selling.

Conclusions from intra day chart analysis 

Highly volatile market on news flooding Budget day and technical positions reverses also in such markets but intraday charts showed clear selling formations therefore we told for selling in all the 3 Outlooks.

Nifty slipped and closed below Intermediate term trend decider 5340 and sustaining below it will Intermediate term trend turning down as well as more down moves. As higher levels good selling therefore more down moves are possible and finally sustaining below 5340 will mean testing possibility of next support range(5172-5200)