Indian markets slipped after "oil Prices re-Regulation news" today morning. Market is nervous because this move is an indication of moving back from reform process and it will also increase fiscal deficit due to higher burden of oil subsidy.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session outlook(09-03-2011)
Indian markets slipped after "oil Prices re-Regulation news" today morning. Market is nervous because this move is an indication of moving back from reform process and it will also increase fiscal deficit due to higher burden of oil subsidy.
Pre-Open Market Outlook(09-03-2011)
1- Next immediate resistance range is 5540-5580 and Nifty sustaining above 5580 will mean maximum possibility of long term and all trends turning up.
2- Sustaing below 5500 will be confirmation of down trend begining.
Crude rates and Middle-East news are creating lot of confusions and causing much voltality in all global markets therefore if Nifty sustais above yesterday range(5000-5025) then it will be strong indication of upmoves today. Yesterday intraday charts are suggesting consolidation and let market prepare today also then final conclusions will be drawn from intraday charts patterns today.
Expected that Nifty will whole day trade,prepare for next moves and close within 5520-5580 today. Yesterday consolidation and today follow up buying after will be strong indication of up moves.
Nifty Spot-Levels & Trading Strategy for 09-03-2011
R3 5611
R2 5570
R1 5545
Avg 5504
S1 5479
S2 5438
S3 5413
Nifty Spot-Trading Strategy
H6 5586 Trgt 2
H5 5571 Trgt 1
H4 5556 Long breakout
H3 5538 Go Short
H2 5532
H1 5526
L1 5513
L2 5507
L3 5501 Long
L4 5483 Short Breakout
L5 5468 Trgt 1
L6 5453 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 09-03-2011
R3 5649
R2 5598
R1 5567
Avg 5516
S1 5485
S2 5434
S3 5403
Nifty(Mar Fut)-Trading Strategy
H6 5619 Trgt 2
H5 5600 Trgt 1
H4 5581 Long breakout
H3 5558 Go Short
H2 5551
H1 5543
L1 5528
L2 5520
L3 5513 Long
L4 5490 Short Breakout
L5 5471 Trgt 1
L6 5452 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 09-03-2011
R3 11306
R2 11165
R1 11074
Avg 10933
S1 10842
S2 10701
S3 10610
Bank Nifty(Mar Fut)-Trading Strategy
H6 11220 Trgt 2
H5 11165 Trgt 1
H4 11111 Long breakout
H3 11047 Go Short
H2 11026
H1 11005
L1 10962
L2 10941
L3 10920 Long
L4 10856 Short Breakout
L5 10802 Trgt 1
L6 10747 Trgt 2
Next Immediate move deciding range- 5500-5525
Mid-session outlook-2(08-03-2011)
All the global markets are positive today and Dow's futures is also trading 55 points up after decline in Crude price and some amicable solutions indications from Libya. Nifty traded most time within 5500-5525 since opening today and preparing for next decisive moves within this range. Break out of mentioned range will give strong signals next very short term trend therefore should be watched first.
Next Immediate move deciding range is 5500-5525 and its break out should be watched.
Indian Markets All Trends Decider Range- 5400-5600
Mid-session outlook(08-03-2011)
Trading in last 2 sessions:-
1-04-03-2011- Selling begun from 5608
2-07-03-2011- Buying begun from 5410
Today up moves are due to following positive developments:-
1- Green trading Asian markets
2- Dow's Futures is trading 35 points up
3- Crude slipped and closed at day's low yesterday.
Last two days trading range is 5410-5608 and Nifty is trading almost in the middle at 5510 at this moment. Indian markets will respond and will give its judgement on Libya and UPA issues through break out of this range and will prepare within this range today to respond mentioned irritating issues in the coming sessions.
Today and coming sessions trading within 5400-5600 is crucial and its break out will give certificate to long term and intermediate term trends as well as trending market will begin after its break out. I would like add here that 5540-5580 is strong resistance and until that will not clear till then any up move will not be imagined and fresh selling development below it will be confirmation of more down moves. Market require complete consolidation firstly below and then within mentioned resistance range for a sustained up move above 5600.
Indian Markets all Trends Decider Range is 5400-560 and watch its break out for all confirmations
Post-open outlook(08-03-2011)
Dow's Futures is trading 35 points up and Most Asian markets are trading is Green today morning therefore sentiment improved and Indian markets are positive since opening today. Congress and DMK issue will be decided today and that will also impact Indian markets and resistance range(5540-5580) crossing is must for begining of any up move therefore will be watched first.
Indian markets are down
Pre-Open Market Outlook(08-03-2011)
Long term trend is down and short term trend is up and turning down. Intermdiate term trend is sideways and will be confirm down after Nifty sustaining below 5520. Nifty is range bound within 5200-5600 for the last 25 sessions and 2 times touched the top of range and also 2 times tested bottom of the range. Mentioned markets moves have alreay been shown in the EOD chart which was posted yesterday in Weekly Analysis.
Confirm down moves have been started after whole day genuine selling within 5540-5580 last Friday and it is also confirm that any up move will only be considered after Nifty sustaining above 5580 only. Market require complete consolidation to cross 5580 and that is not seen yet despite good recovery from lower levels yesterday. As good recovery from lower levels yesterday therefore Bullish hammer candle formation but yesterday intraday charts are suggesting selling after gap down opening yesterday. Technical positions of last 3 days are shown in following intraday charts:-
1-3 days Intraday Chart
Nifty will firstly hover around near 5450 after flat to weak opening and expected that Nifty will dip below 5400 in the coming couple of sessions after development of fresh selling today and finally Indian markets will close in Red today.
Nifty Spot-Levels & Trading Strategy for 08-03-2011
R3 5583
R2 5537
R1 5500
Avg 5454
S1 5417
S2 5371
S3 5334
Nifty Spot-Trading Strategy
H6 5546 Trgt 2
H5 5527 Trgt 1
H4 5508 Long breakout
H3 5485 Go Short
H2 5478
H1 5470
L1 5455
L2 5447
L3 5440 Long
L4 5417 Short Breakout
L5 5398 Trgt 1
L6 5379 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 08-03-2011
R3 5616
R2 5558
R1 5516
Avg 5458
S1 5416
S2 5358
S3 5316
Nifty(Mar Fut)-Trading Strategy
H6 5576 Trgt 2
H5 5553 Trgt 1
H4 5530 Long breakout
H3 5502 Go Short
H2 5493
H1 5484
L1 5465
L2 5456
L3 5447 Long
L4 5420 Short Breakout
L5 5396 Trgt 1
L6 5373 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 08-03-2011
R3 11153
R2 11020
R1 10914
Avg 10781
S1 10675
S2 10542
S3 10436
Bank Nifty(Mar Fut)-Trading Strategy
H6 11050 Trgt 2
H5 10995 Trgt 1
H4 10939 Long breakout
H3 10873 Go Short
H2 10851
H1 10829
L1 10786
L2 10764
L3 10742 Long
L4 10676 Short Breakout
L5 10620 Trgt 1
L6 10565 Trgt 2
Pre-closing outlook(07-03-2011)
European markets turned from half percent down to positive and Dow futures mpved up from 50 points down and to 15 points up also therefore spike seen in last 1 hour in Indian markets. As last 1 hour up move is news based therefore confirmation required for sustained up moves in the same manner as defined in Mid-session outlook-2 a short while ago today.
Mid-session outlook-2(07-03-2011)
Nifty broke first 3 hours range both sides today,Firstly down and then up. As sentiment is highly depressing and whole market turned seller therefore such voltality is being seen. Until market will not form solid base and cross minimum one crucial resistance will not clear till then any decisive up move will not be seen.
As intraday support seen at 5410 today therefore next trend preperation range is 5410-5580 and its break out will be watched for next moves confirmations. As market will be news based also therefore UPA and Libya news should also be seen for next immediate move confirmations.
Mid-session outlook(07-03-2011)
Nifty is trading within 5420-5455 for the last 3 hours today with intraday charts selling patterns. More down moves are possible.
Pre-Open Market Outlook(07-03-2011)
Gap down opening and firstly trading within 5450-5500 expected. Moves above 5540 not expected and finally Red closing will be seen after whole day weak trading.
Weak Market but Watch Break Out of 5200-5600
Weekly Analysis- 07-03-2011 to 11-03-2011
Rally seen in last week after Budget and closed little below weekly highs but selling seen at higher levels also in last week. Resistance levels are as follows:-
1- Immediate resistance range- 5540-5580
2- 200-Day EMA(Today at 5601)
Until Nifty will not sustain above 5580 till then any rally will not be imagined. Short and Intermediate term trends are up. Nifty faced resistance near 200-Day EMA 2 times in last 10 days and Long term trend is down. Intermediate term trend turned up after moving above 5520 in last week but seliing within 5540-5580 suggesting down confirm down moves. Following 2 National and international developments are main hurdle in Indian market rally:-
1- Libya and Middle-East countries geo-political problems are not going to resolve in short period and may take years to decades for stability and desired peace. Crude price hike will be hazardous for global economy,until it will not stabilise and confidence does not develop till then decisive rally will not be possible.
2- DMK withdrawing support from UPA Govt. will pose political uncertainity in the coming week and will push Indian markets down.
Both above news will create confusion and sentiment will remin depressed therefore Confirm down moves will be seen in the begining of coming week. Markets does not moves up in confusions therefore due to above mentioned news markets will not move up until confusion clouds will not clear.
As Indian markets post Budget bubble has been burst and markets showed hesitation to cross 200 Day EMA therefore down moves possibility is high and following possibilities will be kept in mind:-
1- Down moves begining and testing of levels near 5200.
2- Moving below 5200 will mean Nifty below 5000 and more lower levels possibility as well.
Big move trend deciding range Chart:-
5200 was strong support and Nifty gave support 2 times in last one month as well as 200-Day EMA(Today at 5601) has also shown resistance 2 times in last 10 days. Firstly Indian markets will be understood range bound within 5200-5600 and down moves toward 5200 will also be seen first. Indian markets will discount Budget,Middle-East and DMK withdrawing support issues within mentioned range and if some relief is seen in mentioned two problems then market will remain within mentioned range otherwise 5200 will be broken down and this possibility is high also.
5200-5600 is big move trend deciding range because sustaining above 5600 will mean sustaining above 200 Day EMA and turning up of all the trends as well as worst is over. On the other hand Nifty sustaining below 5200 will be confirmation of Long term trend failing to turn up and continuation of down moves to test levels below 5000.
Firstly weak begining of week and travelling towards 5200 will be seen. If mentioned 2 issues does not show any positive developments and relief then more down moves will be seen. More or less Indian markets are expected within 5200-5520 in this week. If mentioned 2 issues situations does not deteriorate then whole week trading and closing within 5200-5600 will be seen otherwise Nifty below 5200.
Nifty Spot-Levels & Trading Strategy for 07-03-2011
R3 5673
R2 5640
R1 5589
Avg 5556
S1 5505
S2 5472
S3 5421
Nifty Spot-Trading Strategy
H6 5622 Trgt 2
H5 5603 Trgt 1
H4 5584 Long breakout
H3 5561 Go Short
H2 5553
H1 5545
L1 5530
L2 5522
L3 5514 Long
L4 5491 Short Breakout
L5 5472 Trgt 1
L6 5453 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 07-03-2011
R3 5552
R2 5581
R1 5558
Avg 5587
S1 5564
S2 5593
S3 5570
Nifty(Mar Fut)-Trading Strategy
H6 5529 Trgt 2
H5 5530 Trgt 1
H4 5531 Long breakout
H3 5533 Go Short
H2 5533
H1 5534
L1 5535
L2 5536
L3 5536 Long
L4 5538 Short Breakout
L5 5539 Trgt 1
L6 5540 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 07-03-2011
R3 11344
R2 11249
R1 11108
Avg 11013
S1 10872
S2 10777
S3 10636
Bank Nifty(Mar Fut)-Trading Strategy
H6 11204 Trgt 2
H5 11150 Trgt 1
H4 11096 Long breakout
H3 11031 Go Short
H2 11010
H1 10988
L1 10945
L2 10923
L3 10902 Long
L4 10837 Short Breakout
L5 10783 Trgt 1
L6 10729 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(07 Feb to 11 Mar 2011)
R3 5960
R2 5784
R1 5661
Avg 5485
S1 5362
S2 5186
S3 5063
Nifty Spot-Weekly Trading Strategy
H6 5849 Trgt 2
H5 5776 Trgt 1
H4 5702 Long breakout
H3 5620 Go Short
H2 5592
H1 5565
L1 5510
L2 5483
L3 5455 Long
L4 5373 Short Breakout
L5 5299 Trgt 1
L6 5226 Trgt 2
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