Pre-Open Market Outlook(04-03-2011)

Bullish signals were clearly explained through posted EOD chart yesterday and Indian markets closed positive despite high voltality due to Libyan uncertainities yesterday and will rally today also. Indian markets have already been welcomed Budget 2011-12 through huge gains last Monday. crude rates hike fear has also minimised after Gaddafi acceptange to Arab League peace plan and all the global markets are showing strong rally today.

Nifty closed above 5520 yesterday and sustaining above is confirmation of intermediate term trend turning up and clearing of a strong resistance also. 200-Day EMA(today at 5602) testing expected now,sustaining above will be strong rally confirmation and it is expected as well.

Sustaining above 5590 today will be strong signal of strong rally begining in Indian markets after gap up opening and it is expected also. Green closing expected after whole day positive zone trading.

Trading Levels for 04-03-2011

Nifty Spot- Levels for 04-03-2011

R3 5683
R2 5626
R1 5581
Avg 5524
S1 5479
S2 5422
S3 5377

Nifty(Mar Futures)- Levels for 04-03-2011

R3 5721
R2 5659
R1 5601
Avg 5539
S1 5481
S2 5419
S3 5361

Bank Nifty(Mar Futures)- Levels for 04-03-2011

R3 11455
R2 11287
R1 11117
Avg 10949
S1 10779
S2 10611
S3 10441

Nifty Spot-Trading Strategy for 04-03-2011

H6 5639     Trgt 2
H5 5615     Trgt 1
H4 5592     Long breakout
H3 5564     Go Short
H2 5554
H1 5545
L1 5526
L2 5517
L3 5507     Long
L4 5479     Short Breakout
L5 5456     Trgt 1
L6 5432     Trgt 2

Nifty(Mar Fut)-Trading Strategy for 04-03-2011

H6 5665     Trgt 2 
H5 5637     Trgt 1
H4 5610     Long breakout 
H3 5577     Go Short 
H2 5566
H1 5555
L1 5533
L2 5522
L3 5511     Long 
L4 5478     Short Breakout 
L5 5450     Trgt 1 
L6 5422     Trgt 2

Bank Nifty(Mar Fut)-Trading Strategy for 04-03-2011

H6 11290     Trgt 2 
H5 11211     Trgt 1
H4 11132     Long breakout 
H3 11039     Go Short 
H2 11008
H1 10977
L1 10916
L2 10885
L3 10854     Long 
L4 10761     Short Breakout 
L5 10682     Trgt 1 
L6 10603     Trgt 2

Pre-closing outlook(03-03-2011)

When sentiment was most heated after Libyan peace agreement news then at that time following conclusive line was told in Mid-session outlook today:-

"Just watch sustaining above 5520 and if Nifty sustains above 5520 today then fresh rally will resume in Indian stock markets"

Nifty could not sustain above 5520 and slipped fast to 5481. News based huge voltality and technical positions reverses fast in such voltality.Selling within 5540-5570 and buying within 5470-5000 today therefore Nifty will trade within today range(5470-5595) in the coming sessions and break out of today range will give confirmation to next decisive moves in Indian markets.

Nifty trading near 5520 at this moment and firstly watch its sustaining side(above or below) of 5520 and then break out of today range because that will give confirmation to:-


1- Final reaction of Indian market on Budget 2011-12
2- Libyan problem final impact on Indian markets.

Mid-session outlook(03-03-2011)

Positive news for Global stock markets:-

Gaddafi accepted peace plan to end crisis in LIbya.Gaddafi Arab League Pres agrees on peace plan.

Nifty crossed and sustaining above 5520 after news announcement. Just watch sustaining above 5520 and if Nifty sustains above 5520 roday then fresh rally will resume in Indian stock markets.

Pre-Open Market Outlook(03-03-2011)

Indian markets lost all intraday gains and closed with 'Bearish Gravestone Doji' on budget day but only bullish moves were predicted in Pre-Open and Mid-session outlooks lat Monday and Indian markets  markets closed with strong gains and closed above crucial resistance at 5520. Following positive moves are visible in EOD charts:-

1- Nifty crossed and closed above upper line of falling channel.
2- Nifty got support near strong support at 5210.
3- Higher bottom formationwith intraday consolidation patterns last Friday.
4- MACD moved up after getting support at average line in MACD oscillator

Bullish Signals in  EOD chart:-

(Just click on chart for its enlarged view)

Long term trend is down,short term is up,intermediate term is side ways,trend decider is 5520 and upmove confirmation point is sustaining above 200-Day EMA(today at 5603). Rally started from 5177 showed bullish signals and those are shown in above chart but sustainibility above 5520 is key and will give confirmation to next up moves in Indian markets.

Crude price hike and Libyan internal disturbance are immediate concern for global stock markets therefore all correctly sharply yesterday,Indian markets were closed and will react through Red zone trading today. Indian markets showed posive mood after Budget last Monday will react on above points and expected petroleum price hike today.

It will be fair to watch intraday patterns today and then decide and tell for next Indian markets otherwise will be guessing only.

Today expected first range is 5435-5470 and break out of this range will give next move confirmation. Up move confirmation point is 5520 and be cautious below 5435.

Trading Levels for 03-03-2011

Nifty Spot- Levels for 03-03-2011

R3 5739
R2 5636
R1 5579
Avg 5476
S1 5419
S2 5316
S3 5259

Nifty(Mar Futures)- Levels for 03-03-2011

R3 5787
R2 5671
R1 5607
Avg 5491
S1 5427
S2 5311
S3 5247

Bank Nifty(Mar Futures)- Levels for 03-03-2011

R3 11487
R2 11214
R1 11065
Avg 10792
S1 10643
S2 10370
S3 10221

Nifty Spot-Trading Strategy for 03-03-2011

H6 5686     Trgt 2 
H5 5648     Trgt 1
H4 5610     Long breakout 
H3 5566     Go Short 
H2 5551
H1 5536
L1 5507
L2 5492
L3 5478     Long 
L4 5434     Short Breakout 
L5 5395     Trgt 1 
L6 5357     Trgt 2

Nifty(Mar Fut)-Trading Strategy for 03-03-2011

H6 5728     Trgt 2 
H5 5685     Trgt 1
H4 5642     Long breakout 
H3 5592     Go Short 
H2 5576
H1 5559
L1 5526
L2 5510
L3 5493     Long 
L4 5444     Short Breakout 
L5 5400     Trgt 1 
L6 5357     Trgt 2

Bank Nifty(Mar Fut)-Trading Strategy for 03-03-2011

H6 11353     Trgt 2 
H5 11251     Trgt 1
H4 11148     Long breakout 
H3 11032     Go Short 
H2 10993
H1 10954
L1 10877
L2 10838
L3 10799     Long 
L4 10683     Short Breakout 
L5 10581    Trgt 1 
L6 10478     Trgt 2

Pre-closing outlook(01-03-2011)

Nifty is hovering around 5500 for the last 1 hour and facing crucial resistance at 5520. As intraday charts are showing consolidation patterns near 5500 therefore 5520 crossing expected within couple of sessions.

Mid-session outlook(01-03-2011)

Although Indian markets loose all intraday gains yesterday but following lines were told in Pre-open outlook today:-

"As consolidation patterns yesterday and repeation today will mean begining of upmove confirmation and it is expected also"

Nifty closed at day's lowest at 5533.25 yesterday but I told following line in Pre-open outlook today:-

"Finally moves above 5400 and positive closing expected today"

Whatsoever is being happened during market hours all that were told before its opening. Nifty is trading 130 points up at 5463 and sustaining above 5520 will be confirmation strong rally.

Pre-Open Market Outlook(01-03-2011)

Following lines were told for Budget day market,as relevant today alo therefore repeating:-

1-"It is very much clear that Indian markets are not prepared for immediate decisive moves after Budget"

2-"next trend confirmation range of post Budget big move is 5235-5520"

3-"Up moves will be slow because for every rise consolidation requires at every stage"

As Indian markets were not prepared for any side decisive moves therefore in this process traded whole day within mentioned range and lost all intraday gains, yesterday candle was 'Bearish Gravestone Doji'. Same views for today and next move preperation process will remain continued within mentioned range.

Although Indian markets lost whole intraday gains and 'Bearish Gravestone Doji' yesterday but intraday patterns are suggesting consolidation on Budget day and it is up moves signal. Sustaining above 5520 will be strong upmove confirmation.

Nifty will trade first within 5350-5400 after positive opening today, break out and sustaining beyond will be next immediate move confirmation. As consolidation patterns yesterday and repeation today will mean begining of upmove confirmation and it is expected also.

Finally moves above 5400 and positive closing expected today

Nifty Spot-Trading Strategy for 01-03-2011

H6 5502     Trgt 2 
H5 5464     Trgt 1
H4 5425     Long breakout 
H3 5379     Go Short 
H2 5363
H1 5348
L1 5317
L2 5302
L3 5286     Long 
L4 5240     Short Breakout 
L5 5201     Trgt 1 
L6 5163     Trgt 2

Nifty(Mar Fut)-Trading Strategy for 01-03-2011

H6 5526     Trgt 2
H5 5484     Trgt 1
H4 5441     Long breakout
H3 5389     Go Short
H2 5372
H1 5355
L1 5320
L2 5303
L3 5286     Long
L4 5234     Short Breakout
L5 5191     Trgt 1
L6 5149     Trgt 2

Bank Nifty(Mar Fut)-Trading Strategy for 01-03-2011

H6 10873     Trgt 2
H5 10776     Trgt 1
H4 10678     Long breakout
H3 10560     Go Short
H2 10521
H1 10482
L1 10403
L2 10364
L3 10325     Long
L4 10207     Short Breakout
L5 10109     Trgt 1
L6 10012     Trgt 2

Trading Levels for 01-03-2011

Nifty Spot- Levels for 01-03-2011

R3 5606
R2 5541
R1 5437
Avg 5372
S1 5268
S2 5203
S3 5099

Nifty(Mar Futures)- Levels for 01-03-2011

R3 5642
R2 5570
R1 5454
Avg 5382
S1 5266
S2 5194
S3 5078

Bank Nifty(Mar Futures)- Levels for 01-03-2011

R3 11132
R2 10965
R1 10704
Avg 10537
S1 10276
S2 10109
S3 9848

Nifty Spot- Monthly Levels(Mar 2011)

 R3 5984
R2 5791
R1 5562
Avg 5369
S1 5140
S2 4947
S3 4718

Pre-closing outlook(28-02-2011)

Post Budget killing voltality and Nifty traded within mentioned resistance range(5460-5520) and retraced from 5477. Following lines were told for mentioned resistance range:-

1- 5460-5520(Strong resistance and Trend Decider)

Budget is positive but market moves on its own technicals. Today markets is ruled by huge voltality and next trend will be decided by sustaining beyond and for this following lines were told in Pre-open outlook today and repeating it after market today:-

"Voltality may be high and next trend confirmation range of post Budget big move is 5235-5520"