| ||||||||||||||||
| ||||||||||||||||
Nifty Spot-Levels & Trading Strategy for 22-03-2011
R3 5467
R2 5440
R1 5402
Avg 5375
S1 5337
S2 5310
S3 5272
Nifty Spot-Trading Strategy
H6 5429 Trgt 2
H5 5414 Trgt 1
H4 5399 Long breakout
H3 5381 Go Short
H2 5375
H1 5369
L1 5358
L2 5352
L3 5346 Long
L4 5328 Short Breakout
L5 5313 Trgt 1
L6 5298 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2011
R3 5485
R2 5455
R1 5417
Avg 5387
S1 5349
S2 5319
S3 5281
Nifty(Mar Fut)-Trading Strategy
H6 5448 Trgt 2
H5 5432 Trgt 1
H4 5417 Long breakout
H3 5398 Go Short
H2 5392
H1 5386
L1 5373
L2 5367
L3 5361 Long
L4 5342 Short Breakout
L5 5327 Trgt 1
L6 5311 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2011
R3 10992
R2 10916
R1 10843
Avg 10767
S1 10694
S2 10618
S3 10545
Bank Nifty(Mar Fut)-Trading Strategy
H6 10920 Trgt 2
H5 10886 Trgt 1
H4 10851 Long breakout
H3 10810 Go Short
H2 10797
H1 10783
L1 10756
L2 10742
L3 10729 Long
L4 10688 Short Breakout
L5 10653 Trgt 1
L6 10619 Trgt 2
Pre-closing outlook(21-03-2011)
Dow's futures is more than 117 points up now,Hangseng and STI are more than 1.6% up and Remaining all the Asian markets closed positive today. European markets are 1.1% to 2.1% up. Indian markets are quarter percent up after recovering from lower levels and trading within last Friday range(5375-5410) for the last 3 hours. Indian markets are under performing global markets and we should not be Bullish after watching so much positive global markets but should wait for break out of last Friday range which will give following conclusions:-
1- Break out above 5410 will mean up moves to 5500 on the back of strong global cues.
2- Break down below 5375 will mean fast down moves to 5200 after good selling in 2 sessions.
Global cues and news led volatile markets therefore firstly getting confirmation through break out and then trading will be safer.
Mid-session outlook(21-03-2011)
Dow's futures is more than 80 points up now and most Asian markets are more than 1/2% up today morning but Indian markets traded more than .40% down after more than 1/2% positive opening. Intraday voltality and Nifty is trading withinlast Friday trading range 5375-5410 and if sustains below 5375 today then it will be down move confirmation and in that situation Nifty will test 5200.
News based markets and stainability beyond last Friday range will be next move confirmation.
Gaddafi accepted ceasfire
Pre-open outlook-2(21-03-2011)
Gaddafi accepted ceasfire therefore Dow's futures is more than 70 points up and most Asian markets are about 1% up today morning. As most positive development therefore sustaining above 5400 will be watched again and final view regarding next indian markets should be concluded after sustaining above or below last Friday range(5375-5410).
Pre-Open Market Outlook(21-03-2011)
Nifty traded between 5200-5600 in last 36 sessions and most of the days traded within 5400-5600. Double round top formation near 5600 and after that Nifty closed below 5400 last Friday. All trends are down and Nifty traded whole day near 5400 before closeing below it last Friday. War excalated in Libya in last 2 days but Gddafi acceped Ceasefire late in the night yesterday. If US and NATO accept then peace may be restored otherwise situation will worsen and crude price will rise then global markets melting down will be seen. Indian markets will also not be spared and firstly 5200 will be tested as well as more down may also be seen. Mass revolt erupted in Middle-East and Internal disturbances witnessed in Yemen and Syria also yesterday therefore fresh down moves are very much possible in global stock markets.
1-Double Round Top Formations Chart-
Indian markets are already weak and all trends are down therefore any negative news will mean more down moves. 5400 has been strong support and Nifty traded most of the last Friday near it within 5375-5410 last Friday and sustaining below it today will mean 5200 fast.
Selling patterns below 5400 last Friday therefore testing of levels near 5200 possibility is high. Opening will depend oo global cues and expected that Indian markets will slip below last Fiday rnge and will close in Red today.
1-Double Round Top Formations Chart-
 |
| Just click on chart for its enlarged view |
Selling patterns below 5400 last Friday therefore testing of levels near 5200 possibility is high. Opening will depend oo global cues and expected that Indian markets will slip below last Fiday rnge and will close in Red today.
Nifty Spot-Levels & Trading Strategy for 21-03-2011
R3 5565
R2 5524
R1 5448
Avg 5407
S1 5331
S2 5290
S3 5214
Nifty Spot-Trading Strategy
H6 5490 Trgt 2
H5 5463 Trgt 1
H4 5437 Long breakout
H3 5405 Go Short
H2 5394
H1 5383
L1 5362
L2 5351
L3 5340 Long
L4 5308 Short Breakout
L5 5282 Trgt 1
L6 5255 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2011
R3 5587
R2 5544
R1 5465
Avg 5422
S1 5343
S2 5300
S3 5221
Nifty(Mar Fut)-Trading Strategy
H6 5508 Trgt 2
H5 5480 Trgt 1
H4 5453 Long breakout
H3 5419 Go Short
H2 5408
H1 5397
L1 5374
L2 5363
L3 5352 Long
L4 5318 Short Breakout
L5 5291 Trgt 1
L6 5263 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2011
R3 17115
R2 14036
R1 16896
Avg 13817
S1 16677
S2 13598
S3 16458
Bank Nifty(Mar Fut)-Trading Strategy
H6 20158 Trgt 2
H5 20017 Trgt 1
H4 19876 Long breakout
H3 19816 Go Short
H2 19796
H1 19776
L1 19735
L2 19715
L3 19695 Long
L4 19635 Short Breakout
L5 19494 Trgt 1
L6 19353 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(21 Mar to 25-03-2011)
R3 5655
R2 5596
R1 5484
Avg 5425
S1 5313
S2 5254
S3 5142
Nifty Spot-Weekly Trading Strategy
H6 5544 Trgt 2
H5 5505 Trgt 1
H4 5467 Long breakout
H3 5420 Go Short
H2 5404
H1 5388
L1 5357
L2 5341
L3 5325 Long
L4 5278 Short Breakout
L5 5240 Trgt 1
L6 5201 Trgt 2
Trading Ranges For Confirmation of Indian markets at 5400
Indian Markets Next Moves Confirmation Ranges Near 5400
Nifty got support 3 times at 5400 in last 10 sessions amid most devastating sentiments and again trading near 5400 after the news of RIL letter to DGH regarding pulling down production. It can not be guaranteed that Nifty will again recover from 5400 as it happened earlier therefore will be better to decide Indian markets according to sustainability beyond following levels:-
1- First indication range- 5388-5417
2- Confirmation range- 5370-5432
Be bearish below 5388/5370
Be Bullish above 5417/5432
Let Nifty Sustain above 5400 then Go Long
Post-open outlook(18-03-2011)
Sentiment hampered after news of RIL letter to DGH regarding pulling down production,lead Indian markets to tank through moving 3.6% down. No respite and relief from negative news in 2011. Last hope of Indian markets long term turning up is Nifty sustaing above 5400 amid most devastating news and now trading near 5400 again. Although Nifty got support at 5400 three times in last 10 sessions and it has turned strong support also but it is not guaranteed that Nifty will get support again this time and will not slip below it.
First get confirmation that Nifty got support again near 5400 then go long. Let confirmation come then will be posted accordingly.
Sentiment hampered after news of RIL letter to DGH regarding pulling down production,lead Indian markets to tank through moving 3.6% down. No respite and relief from negative news in 2011. Last hope of Indian markets long term turning up is Nifty sustaing above 5400 amid most devastating news and now trading near 5400 again. Although Nifty got support at 5400 three times in last 10 sessions and it has turned strong support also but it is not guaranteed that Nifty will get support again this time and will not slip below it.
First get confirmation that Nifty got support again near 5400 then go long. Let confirmation come then will be posted accordingly.
Pre-Open Market Outlook(18-03-2011)
Libya issue still unresolved,Japanese radiation not controlled and WikiLeaks exposure of Bribe payment by UPA in 2008 are suggesting that worst is not over, Indian markets are waiting within 5400-5600 for cooling down of all irritating developments.As per my view worst is over in Japanese radiation and WikiLeaks exposure issues because radiation will not reach India and WikiLeaks exposure will not be able to destabilise UPA Govt.
Indian markets slipped and closed in Red after WikiLeaks exposure news yesterday but intraday patterns are suggesting consolidations. Although Nifty slipped from higher levels but intraday charts are not suggesting genuine selling but consolidion signals also. Nifty is trading between 5400-5600 for the last 11 sessions and got support at 5400 during most depressing news therefore strong support at 5400 and crossing 5600 will be seen after getting confidence regarding above mentioned irritating developments,
Global markets are positive today morning and Nifty will trade between yesterday range(5435-5510) after positive opening today. Fresh consolidation and Positive closing expected today and 5535 will be first strong indication and moves above 5580 will be confirmation of strong rally above 5600.
Nifty Spot-Levels & Trading Strategy for 18-03-2011
R3 5567
R2 5538
R1 5492
Avg 5463
S1 5417
S2 5388
S3 5342
Nifty Spot-Trading Strategy
H6 5521 Trgt 2
H5 5504 Trgt 1
H4 5487 Long breakout
H3 5466 Go Short
H2 5459
H1 5452
L1 5439
L2 5432
L3 5425 Long
L4 5404 Short Breakout
L5 5387 Trgt 1
L6 5370 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 18-03-2011
R3 5590
R2 5559
R1 5512
Avg 5481
S1 5434
S2 5403
S3 5356
Nifty(Mar Fut)-Trading Strategy
H6 5544 Trgt 2
H5 5526 Trgt 1
H4 5508 Long breakout
H3 5487 Go Short
H2 5480
H1 5473
L1 5458
L2 5451
L3 5444 Long
L4 5423 Short Breakout
L5 5405 Trgt 1
L6 5387 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 18-03-2011
R3 11206
R2 11127
R1 11018
Avg 10939
S1 10830
S2 10751
S3 10642
Bank Nifty(Mar Fut)-Trading Strategy
H6 11097 Trgt 2
H5 11055 Trgt 1
H4 11012 Long breakout
H3 10960 Go Short
H2 10943
H1 10926
L1 10891
L2 10874
L3 10857 Long
L4 10805 Short Breakout
L5 10762 Trgt 1
L6 10720 Trgt 2
FII & DII trading activity in Capital Market Segment on 17-Mar-2011
| ||||||||||||||||
| ||||||||||||||||
RBI credit policy will decide Indian markets
Technical positions between 5400-5600 are as follows:-
1- 5400 gave support in most depressing sentiments therefore strong support.
2- Previous resistance between 5540-5580 and Nifty traded whole day just below it within 5500-5535 yesterday.
All the Asian markets markets are again down today morning after US markets closing in deep Red therefore weak opening and firstly trading within 5450-5500 will be seen. RBI will declare credit policy today and till then Nifty trading within this range will be seen.
News based and global cues guided markets. Yesterday whole day positive after strong Asian markets and today firstly weak trading between 5450-5500 before RBI credit Policy and finally Indian markets will be decided according to Nifty sustaining below or above 5500.
Final moves will be seen after credit policy and conclusions should be drawn today from following moves after its declaration:-
1- If Nifty sustains below 5500 then expect 5400 fast.
2- If Nifty finally moves above 5535 then it will be strong indication of rally in the coming week.
Subscribe to:
Posts (Atom)