Nifty(Mar Fut)-Trading Strategy for 28-02-2011

H6 5429     Trgt 2 
H5 5403     Trgt 1
H4 5376     Long breakout 
H3 5344     Go Short 
H2 5334
H1 5323
L1 5302
L2 5291
L3 5281     Long 
L4 5249     Short Breakout 
L5 5222     Trgt 1 
L6 5196     Trgt 2

Bank Nifty(Mar Fut)-Trading Strategy for 28-02-2011

 

H6 10708     Trgt 2
H5 10650     Trgt 1
H4 10591     Long breakout
H3 10522     Go Short
H2 10499
H1 10476
L1 10431
L2 10408
L3 10385     Long
L4 10316     Short Breakout
L5 10257     Trgt 1
L6 10199     Trgt 2

Nifty Spot-Weekly Trading Strategy(28 Feb to 04 Mar 2011)

H6 5600     Trgt 2
H5 5533    Trgt 1
H4 5465     Long breakout
H3 5384     Go Short
H2 5357
H1 5330
L1 5277
L2 5250
L3 5223     Long
L4 5142     Short Breakout
L5 5074     Trgt 1
L6 5007     Trgt 2

Nifty Spot- Weekly Levels (28 Feb to 04 Mar 2011)

R3 5768 
R2 5647 
R1 5475 
Avg 5354 
S1 5182 
S2 5061 
S3 4889

Pre-closing outlook(25-02-2011)

It was clearly told in Pre-open outlook that:-

"Bear is well settled to drag down Indian markets"

Nothing negative in Railway Budget. All global markets and US futures are sufficiently positive today but Indian markets moved more than 2% down from day's high and then again Nifty moved up 80 points within 15 minutes. It is Pre-Budget voltality and immediate resistance range is 5290-5330. Sharp surge seen in last half hour and if Nifty moves and sustainins above 5330 today or on Monday then it will first indication of up move. Nifty sustaining below 5290 will mean fast moves toward 5177.

NIFTY-MAR F&O-1ST BUYING OF 24-02-2011-COVERING

NIFTY MAR F & O(BOUGHT ON 24-02-2011)-COVER AND BOOK PROFIT IMMEDIATELY-CMP-5322(WE SHALL BUY AGAIN BUT FIRST COVER)

NIFTY-MAR F&O-1ST BUYING OF 24-02-2011-MESSAGE

NIFTY MAR F & O(BOUGHT ON 24-02-2011)-PLEASE DO NOT COVER AT TARGET AND WAIT FOR MY COVERING MESSAGE

Quiet Marrket Waiting for Budget 2011-12

Pre-Open Market Outlook(25-02-2011)

All trends are down and all global markets crashed after Libyan unrest. Series of public movements erupted in Arabian countries and posed world wide economic challenges because non stopping phase of crude rates hike started and that will stop after cooling down the fire of all these movements Middle-East countries. In fact confidence has been shaked and it will take long time to stabilise again.

Indian markets sharp down yesterday therefore its correction in the form of very small pull back rally may be seen in expectation of good Budget and Nifty may trade within yesterday range(5242-5423) upto Budget declaration. yesterday range will break out according to budget proposals. Resistance ranges within yesterday range are as follows:-

1- 5295-5315(Minor resistance and crossing possible)
2- 5350-5375(Testing possible in expectation of good budget)

Resistance ranges above yesterday range:-

1- 5460-5515(Good selling within and until Nifty will not sustain above 5515 till then any rally can not be imagined despite whatsoever Budget-2011-2012)
2- 5530-5600(Crossing will mean worst is over)

Railway Budget today but Indian markets will wait for Budget 2011-12 and markets moves may be affected by Libyan problem,global market moves and crude price. Bear is well settled to drag down Indian markets and Bulls have to prepare and take technical positions. As water Fall(Bullish) pattern yesterday therefore resistance ranges within yesterday range will be watched first and today whole day intraday patterns will give first indication of post budget Indian markets.

Fresh cracking not expected today and opening to closing trading will be within yesterday range(5242-5423) will be seen.

Trading Levels for 25-02-2011

Nifty Spot- Levels for 25-02-2011

R3 5557.00
R2 5490.00
R1 5376.00
PIVOT 5309.00
S1 5195.00
S2 5128.00
S3 5014.00

Nifty(Mar Futures)- Levels for 25-02-2011

R3 5574.00
R2 5507.00
R1 5393.00
PIVOT 5326.00
S1 5212.00
S2 5145.00
S3 5031.00

Bank Nifty(Mar Futures)- Levels for 25-02-2011

R3 10932.00
R2 10790.00
R1 10500.00
PIVOT 10358.00
S1 10068.00
S2 9926.00
S3 9636.00

Nifty(Mar Fut)-Trading Strategy for 25-02-2011

H6 5460     Trgt 2 
H5 5419     Trgt 1
H4 5378     Long breakout 
H3 5328     Go Short 
H2 5312
H1 5295
L1 5262
L2 5245
L3 5229     Long 
L4 5179     Short Breakout 
L5 5138     Trgt 1 
L6 5097     Trgt 2

Bank Nifty(Mar Fut)-Trading Strategy for 25-02-2011

H6 10641    Trgt 2 
H5 10544    Trgt 1
H4 10447    Long breakout 
H3 10328    Go Short 
H2 10289
H1 10249
L1 10170
L2 10130
L3 10091    Long 
L4 9972     Short Breakout 
L5 9875     Trgt 1 
L6 9778     Trgt 2

Post-closing report(24-02-2011)

Although whatsoever happened in indian stock markets in previous days all that I projected well in advance but I mention in that situation when there is certain crucial.

Following lines were told in Pre-open outlook today:-

slipping possibility is also high therefore supports will be watched:-

1- 5410-5415(minor support,its breaking down and moves below 5400 expected)
2- 5310-5340(Gap on 14-02-2011)

Above mentioned supports are not strong and will be blown over after any negative mood after Budget and slipping below 5310 will mean testing possibility of 5177.

I predicted only for down moves today and also told for moves below above supports and same happened,no support saved and Indian markets crashed today.


-Sensex closed 545.92 points down today.
-Nifty closed 174.85 points down today.

NIFTY-MAR F&O-1ST BUYING OF 24-02-2011-TRADE

NIFTY(MAR FUT-BUY-POSITIONAL)SL-5234-TGT-5304-CMP-5275
NIFTY(MAR CALL OPTION-BUY-POSITIONAL)-S.P.FOR CALL-5200,5300-NIFTY(MAR FUT)-RATES ARE FOR SL-5234-TGT-5304 FOR ALL OPTIONS-CMP-5275

(NO COVERING TODAY.COVERING WILL BE DONE TOMORROW)

Mid-session outlook-2(24-02-2011)

Following lines were told in Pre-open outlook today:-

slipping possibility is also high therefore supports will be watched:-

1- 5410-5415(minor support,its breaking down and moves below 5400 expected)
2- 5310-5340(Gap on 14-02-2011)

Above mentioned supports are not strong and will be blown over after any negative mood after Budget and slipping below 5310 will mean testing possibility of 5177.

Today low at this moment is 5307.40. No bottom fishing and any buying should be done after complete complete consolidation confirmation. Testing possibility of 5177 is high and Nifty may dip below it also.

Mid-session outlook(24-02-2011)

Only weak market was told many times in Pre-open outlook today and same is being seen during trading hours immediately after opening today. Rally started on 11-02-2011 is finished after Libyan internal problems and testing possibility of 5177 is high now. Intraday voltality may be seen but Indian markets will remain weak today and in the coming sessions.

Libyan Turmoil fused Indian Market Rally

Pre-Open Market Outlook(24-02-2011)

The turmoil in Libya heaped further pressure on stocks around the world yesterday as investors worry that the global economic recovery may be derailed by the sharp rise in oil prices and swelling inflation. Fear of spreading Libyan revolt in other neighbouring countries is so high that all the global markets has started to melt and Indian markets are also not saved and seems that 11th Feb 2011 begun rally has been fused and lower levels expected in Indian markets also after Libyan unrest broken out. As down move fear was expected therefore following lines were told immediately after opening in Post-open outlook yesterday despite positive trading Indian markets:-

"immediate up move confirmation range is 5490-5515 and if Nifty sustains above 5515 then it will be confirmation of Indian markets up moves"

Intraday charts of last 2 sessions are showing selling within 5460-5515 and until Nifty will not sustain above 5515 till then any rally can not be imagined despite whatsoever Budget-2011-2012

Intraday chart showing last 2 Days Selling within 5460-5515:-

(Just click on chart for its enlarged view)

Clear selling in last 2 sessions and sentiment is also completely depressed and slipping possibility is also high therefore supports will be watched:-

1- 5410-5415(minor support,its breaking down and moves below 5400 expected)
2- 5310-5340(Gap on 14-02-2011)

Above mentioned supports are not strong and will be blown over after any negative mood after Budget and slipping below 5310 will mean testing possibility of 5177.

Opening to closing within 5385-5460 expected after flat to Weak opening today.

Nifty(Feb Fut)-Trading Strategy for 24-02-2011

H6 5510     Trgt 2 
H5 5493     Trgt 1
H4 5476     Long breakout 
H3 5455     Go Short 
H2 5448
H1 5441
L1 5428
L2 5421
L3 5414     Long 
L4 5393     Short Breakout 
L5 5376     Trgt 1 
L6 5359     Trgt 2

Trading Levels for 24-02-2011

Nifty Spot- Levels for 24-02-2011 

R3 5547
R2 5521
R1 5479
Avg 5453
S1 5411
S2 5385
S3 5343

Nifty(Feb Futures)- Levels for 24-02-2011

R3 5557
R2 5529
R1 5482
Avg  5454
S1 5407
S2 5379
S3 5332

Nifty(Mar Futures)- Levels for 24-02-2011

R3 5567
R2 5538
R1 5490
Avg  5461
S1 5413
S2 5384
S3 5336

Bank Nifty(Feb Futures)- Levels for 24-02-2011

R3 11051
R2 10964
R1 10814
Avg  10727
S1 10577
S2 10490
S3 10340

Nifty(Mar Fut)-Trading Strategy for 24-02-2011

H6 5519     Trgt 2 
H5 5501     Trgt 1
H4 5484     Long breakout 
H3 5463     Go Short 
H2 5456
H1 5449
L1 5434
L2 5427
L3 5420     Long 
L4 5399     Short Breakout 
L5 5382     Trgt 1 
L6 5364     Trgt 2

Bank Nifty(Feb Fut)-Trading Strategy for 24-02-2011

H6 10902     Trgt 2 
H5 10848     Trgt 1
H4 10795     Long breakout 
H3 10730     Go Short 
H2 10708
H1 10686
L1 10643
L2 10621
L3 10599     Long 
L4 10534     Short Breakout 
L5 10481     Trgt 1 
L6 10427     Trgt 2

Post-open outlook(23-02-2011)

Opening is not weak today morning and immediate up move confirmation range is 5490-5515 and if Nifty sustains above 5515 then it will be confirmation of Indian markets up moves. Mentioned range will be watched first for any type of Indian markets rally confirmations.