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ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 01-Mar-2012
Nifty Spot-Levels & Trading Strategy for 02-03-2012
Nifty Spot-Levels
R3 5450
R2 5411
R1 5375
Avg 5336
S1 5300
S2 5261
S3 5225
Nifty Spot-Trading Strategy
H6 5414 Trgt 2
H5 5397 Trgt 1
H4 5380 Long breakout
H3 5359 Go Short
H2 5352
H1 5345
L1 5332
L2 5325
L3 5318 Long
L4 5297 Short Breakout
L5 5280 Trgt 1
L6 5263 Trgt 2
R3 5450
R2 5411
R1 5375
Avg 5336
S1 5300
S2 5261
S3 5225
Nifty Spot-Trading Strategy
H6 5414 Trgt 2
H5 5397 Trgt 1
H4 5380 Long breakout
H3 5359 Go Short
H2 5352
H1 5345
L1 5332
L2 5325
L3 5318 Long
L4 5297 Short Breakout
L5 5280 Trgt 1
L6 5263 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 02-03-2012
Nifty(Mar Fut)-Levels
R3 5517
R2 5472
R1 5431
Avg 5386
S1 5345
S2 5300
S3 5259
Nifty(Mar Fut)-Trading Strategy
H6 5476 Trgt 2
H5 5457 Trgt 1
H4 5437 Long breakout
H3 5413 Go Short
H2 5405
H1 5397
L1 5382
L2 5374
L3 5366 Long
L4 5342 Short Breakout
L5 5322 Trgt 1
L6 5303 Trgt 2
R3 5517
R2 5472
R1 5431
Avg 5386
S1 5345
S2 5300
S3 5259
Nifty(Mar Fut)-Trading Strategy
H6 5476 Trgt 2
H5 5457 Trgt 1
H4 5437 Long breakout
H3 5413 Go Short
H2 5405
H1 5397
L1 5382
L2 5374
L3 5366 Long
L4 5342 Short Breakout
L5 5322 Trgt 1
L6 5303 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 02-03-2012
Bank Nifty(Mar Fut)-Levels
R3 10754
R2 10626
R1 10505
Avg 10377
S1 10256
S2 10128
S3 10007
Bank Nifty(Mar Fut)-Trading Strategy
H6 10636 Trgt 2
H5 10578 Trgt 1
H4 10520 Long breakout
H3 10452 Go Short
H2 10429
H1 10406
L1 10361
L2 10338
L3 10315 Long
L4 10247 Short Breakout
L5 10189 Trgt 1
L6 10131 Trgt 2
R3 10754
R2 10626
R1 10505
Avg 10377
S1 10256
S2 10128
S3 10007
Bank Nifty(Mar Fut)-Trading Strategy
H6 10636 Trgt 2
H5 10578 Trgt 1
H4 10520 Long breakout
H3 10452 Go Short
H2 10429
H1 10406
L1 10361
L2 10338
L3 10315 Long
L4 10247 Short Breakout
L5 10189 Trgt 1
L6 10131 Trgt 2
Pre-Closing Outlook(01-03-2012)
Although Indian markets slipped whole day from higher levels and traded in Red but without intraday selling patterns therefore we never told for today intraday selling. Lower levels support was projected in Mid-session Outlook and sharp more than 57 Nifty points recovery was seen from lower levels.
Although first 4 hours trading range lowest was at 5313 but we were expecting support at lower levels therefore we gave 5300 for down move confirmation and Nifty reversed exactly from 5297.50.
Nifty is hovering around 5340 for the last 4 sessions and lower levels support also seen after last 2 sessions higher levels selling therefore next moves preparation and next trend confirmation range is 5298-5458.
Mid-session Outlook(01-03-2012)
As 5340 is Intermediate term trend decider therefore its importance is being continuously being today daily for the last one week and Nifty is hovering it around for the last 4 days.
Nifty is trading between 5313-5349 since opening today and preparing for next decisive move. Although Nifty could not sustain at higher levels but getting support at lower levels also. If Nifty slips below 5300 then it will be deep down confirmation and sustaining above 5349 will be confirmation of today consolidation as well survival of Intermediate term uptrend.
Nifty is trading between 5313-5349 since opening today and preparing for next decisive move. Although Nifty could not sustain at higher levels but getting support at lower levels also. If Nifty slips below 5300 then it will be deep down confirmation and sustaining above 5349 will be confirmation of today consolidation as well survival of Intermediate term uptrend.
Post-open Outlook-2(01-03-2012)
Nifty slipped below 5346/5340 and sustaining below confirmations will mean deeper correction possibility after Intermediate term trend turning down.
All the important points and crucial levels for a market below 5340 have already been been discussed and updated on 27-02-2012 in following topic:-
Just click above topic link and prepare yourself for Intermediate term down trend
All the important points and crucial levels for a market below 5340 have already been been discussed and updated on 27-02-2012 in following topic:-
Just click above topic link and prepare yourself for Intermediate term down trend
Post-open Outlook(01-03-2012)
As selling yesterday therefore Following 4 projections were given today in 5346-5390 break out for correction continuation/completion confirmation:-
1- More than 3 hours good selling between 5458-5422
2- market require more consolidation to cross 5458
3- As good selling therefore correction continuation risk turned higher
4- until Nifty will not sustain above 5458 till then next up move will not be considered.
1- More than 3 hours good selling between 5458-5422
2- market require more consolidation to cross 5458
3- As good selling therefore correction continuation risk turned higher
4- until Nifty will not sustain above 5458 till then next up move will not be considered.
Weak opening today therefore Intermediate trend turning down risk turned high.
5346-5390 break out for correction continuation/completion confirmation
Nifty-Intra Day Chart(Feb 28 and Feb 29,2012):-
Technical Patterns and Formations in last 2 sessions intraday charts
1- More than 5 hours trading between 5346-5390 on 28-02-2012
2- More than 2 hours trading between 5346-5390 on 29-02-2012
3- More than 3 hours good selling between 5458-5422 on 29-02-2012
4- Minor support between 5357-5372 on 29-02-2012
5- Technical position of 28-02-2012 has been updated in Firstly Watch Correction fate decider 5346-5390 on 28-02-2012
Correction of 1098 Nifty Points rally is on and Short term trend is confirm down. Intermediate term trend is at stake and sustaining beyond 5340 will decide its fate.
Nifty traded more than 7 hours between 5346-5390 in last 2 sessions with mixed intraday patterns and sustaining below 5346 will mean intermediate term trend turning down and sharp down moves will be seen to test next support ranges. Sustaining above 5390 will mean rally continuation after correction completion.
More than 3 hours good selling between 5458-5422 and lower level minor support on 29-02-2012 therefore market require more consolidation to cross 5458. As good selling therefore correction continuation risk turned higher and until Nifty will not sustain above 5458 till then next up move will not be considered.
More than 7 hours trading between 5346-5390 in 2 previous sessions with buying at lower levels and selling at higher levels within and above this range therefore expected that Nifty will firstly trade between this range and sustaining below this range will give deeper correction confirmation after sustaining below 5346 and correction completion first indication above 5390 and confirmation will be above 5458.
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| Just click on chart for its enlarged view |
1- More than 5 hours trading between 5346-5390 on 28-02-2012
2- More than 2 hours trading between 5346-5390 on 29-02-2012
3- More than 3 hours good selling between 5458-5422 on 29-02-2012
4- Minor support between 5357-5372 on 29-02-2012
5- Technical position of 28-02-2012 has been updated in Firstly Watch Correction fate decider 5346-5390 on 28-02-2012
Conclusions
Correction of 1098 Nifty Points rally is on and Short term trend is confirm down. Intermediate term trend is at stake and sustaining beyond 5340 will decide its fate.
Nifty traded more than 7 hours between 5346-5390 in last 2 sessions with mixed intraday patterns and sustaining below 5346 will mean intermediate term trend turning down and sharp down moves will be seen to test next support ranges. Sustaining above 5390 will mean rally continuation after correction completion.
More than 3 hours good selling between 5458-5422 and lower level minor support on 29-02-2012 therefore market require more consolidation to cross 5458. As good selling therefore correction continuation risk turned higher and until Nifty will not sustain above 5458 till then next up move will not be considered.
More than 7 hours trading between 5346-5390 in 2 previous sessions with buying at lower levels and selling at higher levels within and above this range therefore expected that Nifty will firstly trade between this range and sustaining below this range will give deeper correction confirmation after sustaining below 5346 and correction completion first indication above 5390 and confirmation will be above 5458.
Indian Stock Markets Closing Reports(29-Feb-2012)
Main features of today trading are as follows
1- Most Indices closed with minor gains or minor loss.
2- Most Indices slipped from intraday higher levels and closed little above intraday lows.
3- Black Candle.
Ratios
Nifty Put Call Ratio: 1.10
Nifty P/E Ratio(29-Feb-2012): 19.09
Advances & Declines
BSE Advances : 1573
BSE Declines : 1329
NSE Advances : 844
NSE Declines : 600
Closing
Nifty- closed at 5,385.20(+9.70 Points & +0.18%)
Sensex- closed at 17,752.68(+21.56 Points & +0.12% )
CNX Midcap - closed at 7,705.60(+94.30 Points & +1.24%)
BSE Smallcap- closed at 6,859.97(+42.06 Points & +0.62%)
FII & DII trading activity in Capital Market Segment on 29-Feb-2012
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Nifty Spot-Levels & Trading Strategy for 01-03-2012
Nifty Spot-Levels
R3 5550
R2 5504
R1 5444
Avg 5398
S1 5338
S2 5292
S3 5232
Nifty Spot-Trading Strategy
H6 5491 Trgt 2
H5 5467 Trgt 1
H4 5443 Long breakout
H3 5414 Go Short
H2 5404
H1 5394
L1 5375
L2 5365
L3 5355 Long
L4 5326 Short Breakout
L5 5302 Trgt 1
L6 5278 Trgt 2
R3 5550
R2 5504
R1 5444
Avg 5398
S1 5338
S2 5292
S3 5232
Nifty Spot-Trading Strategy
H6 5491 Trgt 2
H5 5467 Trgt 1
H4 5443 Long breakout
H3 5414 Go Short
H2 5404
H1 5394
L1 5375
L2 5365
L3 5355 Long
L4 5326 Short Breakout
L5 5302 Trgt 1
L6 5278 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 01-03-2012
Nifty(Mar Fut)-Levels
R3 5524
R2 5491
R1 5465
Avg 5432
S1 5406
S2 5373
S3 5347
Nifty(Mar Fut)-Trading Strategy
H6 5498 Trgt 2
H5 5484 Trgt 1
H4 5471 Long breakout
H3 5455 Go Short
H2 5449
H1 5444
L1 5433
L2 5428
L3 5422 Long
L4 5406 Short Breakout
L5 5393 Trgt 1
L6 5379 Trgt 2
R3 5524
R2 5491
R1 5465
Avg 5432
S1 5406
S2 5373
S3 5347
Nifty(Mar Fut)-Trading Strategy
H6 5498 Trgt 2
H5 5484 Trgt 1
H4 5471 Long breakout
H3 5455 Go Short
H2 5449
H1 5444
L1 5433
L2 5428
L3 5422 Long
L4 5406 Short Breakout
L5 5393 Trgt 1
L6 5379 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 01-03-2012
Bank Nifty(Mar Fut)-Levels
R3 11004
R2 10835
R1 10677
Avg 10508
S1 10350
S2 10181
S3 10023
Bank Nifty(Mar Fut)-Trading Strategy
H6 10851 Trgt 2
H5 10775 Trgt 1
H4 10698 Long breakout
H3 10608 Go Short
H2 10578
H1 10548
L1 10489
L2 10459
L3 10429 Long
L4 10339 Short Breakout
L5 10262 Trgt 1
L6 10186 Trgt 2
R3 11004
R2 10835
R1 10677
Avg 10508
S1 10350
S2 10181
S3 10023
Bank Nifty(Mar Fut)-Trading Strategy
H6 10851 Trgt 2
H5 10775 Trgt 1
H4 10698 Long breakout
H3 10608 Go Short
H2 10578
H1 10548
L1 10489
L2 10459
L3 10429 Long
L4 10339 Short Breakout
L5 10262 Trgt 1
L6 10186 Trgt 2
Pre-Closing Outlook(29-02-2012)
Nifty traded more than 5 hours yesterday with Mixed intraday Patterns between 5346-5390 and higher levels selling was shown also in intraday charts yesterday in Firstly Watch Correction fate decider 5346-5390. As higher levels selling yesterday therefore market could not sustain at higher levels after gap up opening today and slipped as well as trading for the last 2 hours within yesterday 5 hours trading range.
Follow up selling again today after yesterday higher levels selling therefore correction continuation risk turned higher. As Nifty traded almost 2 fours between 5346-5390 and also got support also within this range therefore sustaining beyond this range will be firstly watched tomorrrow for next moves confirmation and until Nifty will not sustain above 5450 till then next upmove will not be considered.
Follow up selling again today after yesterday higher levels selling therefore correction continuation risk turned higher. As Nifty traded almost 2 fours between 5346-5390 and also got support also within this range therefore sustaining beyond this range will be firstly watched tomorrrow for next moves confirmation and until Nifty will not sustain above 5450 till then next upmove will not be considered.
Firstly Watch Correction fate decider 5346-5390
Nifty-Intra Day Chart(28-Feb-2012):-
Technical Patterns and Formations in today intraday charts
1- Most of the time trading above 5340(Intermediate term trend decider)
2- More than 5 hours trading with Mixed Patterns between 5346-5390
3- Whole day trading between 5308-5390
It was expected that Nifty will not slip below 5340 and complete correction within strong support range 5340-5415 and side ways market will be seen but range shifted to 5268-5410 after negative flow on 29-02-2012. As yesterday down down move was due to negative news therefore equally sharp recovery seen today after positive news.
Correction is on and undecided Nifty is hovering around Intermediate term trend decider 5340,sustaining it beyond will give confirmation to correction continuation/completion. Nifty traded almost whole day above 5340 with intraday mixed patterns between 5346-5390.
Adverse news led 2 volatile sessions with more than 5 hours mixed intraday patterns are suggesting that Indian markets are not prepare for any side decisive moves and will trade more time between or near about 5346-5390 for catching next direction.
As good consolidation patterns at lower levels today therefore expected that follow up consolidation will be seen in the coming sessions and Nifty will finally sustain above 5340 after correction completion confirmation.
Sustaining beyond 5346-5390 will firstly decide the fate of on going correction therefore should be firstly watched in the coming sessions for next moves confirmations.
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| Just click on chart for its enlarged view |
1- Most of the time trading above 5340(Intermediate term trend decider)
2- More than 5 hours trading with Mixed Patterns between 5346-5390
3- Whole day trading between 5308-5390
Conclusions from intra day chart analysis
It was expected that Nifty will not slip below 5340 and complete correction within strong support range 5340-5415 and side ways market will be seen but range shifted to 5268-5410 after negative flow on 29-02-2012. As yesterday down down move was due to negative news therefore equally sharp recovery seen today after positive news.
Correction is on and undecided Nifty is hovering around Intermediate term trend decider 5340,sustaining it beyond will give confirmation to correction continuation/completion. Nifty traded almost whole day above 5340 with intraday mixed patterns between 5346-5390.
Adverse news led 2 volatile sessions with more than 5 hours mixed intraday patterns are suggesting that Indian markets are not prepare for any side decisive moves and will trade more time between or near about 5346-5390 for catching next direction.
As good consolidation patterns at lower levels today therefore expected that follow up consolidation will be seen in the coming sessions and Nifty will finally sustain above 5340 after correction completion confirmation.
Sustaining beyond 5346-5390 will firstly decide the fate of on going correction therefore should be firstly watched in the coming sessions for next moves confirmations.
Indian Stock Markets Closing Reports(28-Feb-2012)
Main features of today trading are as follows
1- All the Indices closed in Green except IT and FMCG.
2- Whole day upmoves after positive news led strong opening.
3- Long White Candle.
Ratios
Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(28-Feb-2012): 19.05
Advances & Declines
BSE Advances : 2170
BSE Declines : 748
NSE Advances : 1238
NSE Declines : 234
Nifty Open Interest Changed Today
Nifty- 5300 CE(Feb)- +84300(+5.31%)
Nifty- 5300 PE(Feb)- -551900(-8.64%)
Nifty- 5400 CE(Feb)- +36100(+1.60%)
Nifty- 5400 PE(Feb)- +448700(+12.99%)
Nifty- 5500 CE(Feb)- +149800(+4.03%)
Nifty- 5500 PE(Feb)- +164150(+5.76%)
Closing
Nifty- closed at 5,375.50(+94.30 Points & +1.79%)
Sensex- closed at 17,731.12(+285.37Points & +1.64% )
CNX Midcap - closed at 7,611.30(+259.50 Points & +3.53%)
BSE Smallcap- closed at 6,317.42(+207.90 Points & +3.40%)
1- All the Indices closed in Green except IT and FMCG.
2- Whole day upmoves after positive news led strong opening.
3- Long White Candle.
Ratios
Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(28-Feb-2012): 19.05
Advances & Declines
BSE Advances : 2170
BSE Declines : 748
NSE Advances : 1238
NSE Declines : 234
Nifty Open Interest Changed Today
Nifty- 5300 CE(Feb)- +84300(+5.31%)
Nifty- 5300 PE(Feb)- -551900(-8.64%)
Nifty- 5400 CE(Feb)- +36100(+1.60%)
Nifty- 5400 PE(Feb)- +448700(+12.99%)
Nifty- 5500 CE(Feb)- +149800(+4.03%)
Nifty- 5500 PE(Feb)- +164150(+5.76%)
Closing
Nifty- closed at 5,375.50(+94.30 Points & +1.79%)
Sensex- closed at 17,731.12(+285.37Points & +1.64% )
CNX Midcap - closed at 7,611.30(+259.50 Points & +3.53%)
BSE Smallcap- closed at 6,317.42(+207.90 Points & +3.40%)
FII & DII trading activity in Capital Market Segment on 28-Feb-2012
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Nifty Spot-Levels & Trading Strategy for 29-02-2012
Nifty Spot-Levels
R3 5493
R2 5442
R1 5408
Avg 5357
S1 5323
S2 5272
S3 5238
Nifty Spot-Trading Strategy
H6 5461 Trgt 2
H5 5441 Trgt 1
H4 5421 Long breakout
H3 5398 Go Short
H2 5390
H1 5382
L1 5367
L2 5359
L3 5351 Long
L4 5328 Short Breakout
L5 5308 Trgt 1
L6 5288 Trgt 2
R3 5493
R2 5442
R1 5408
Avg 5357
S1 5323
S2 5272
S3 5238
Nifty Spot-Trading Strategy
H6 5461 Trgt 2
H5 5441 Trgt 1
H4 5421 Long breakout
H3 5398 Go Short
H2 5390
H1 5382
L1 5367
L2 5359
L3 5351 Long
L4 5328 Short Breakout
L5 5308 Trgt 1
L6 5288 Trgt 2
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