Selling confirmation between 5318-5332 and until Nifty will not sustain above 5332 till then next up move will not be considered.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(09-03-2012)
Intraday support at 200-Day EMA on 07-03-2012 and good Global markets rally yesterday therefore huge gap up opening today. As huge gap up after testing of 200-Day EMA therefore strong indication of correction completion today and confirmation will be sustaining above intermediate term trend decider 5340.
Expected that market will consolidate near 5300 for next up moves and sustaining beyond 5290-5340 will be correction completion/continuation confirmation therefore should be firstly watched.
Expected that market will consolidate near 5300 for next up moves and sustaining beyond 5290-5340 will be correction completion/continuation confirmation therefore should be firstly watched.
Next Trend Key in the hands of 200-Day EMA(5189)
Nifty-Intra Day Chart(07-Mar-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling at higher levels.
2- Down moves in Falling Channel.
3- Support at lower levels.
4- Falling channel upward break out.
5- Whole day trading between 5172-5243
Long term trend is up,Intermediate and Short term trends are down. Retracement in the form of Intermediate term correction is continued and 38.2% Retracement has been completed at 5209 today. Nifty slipped below 200-Day EMA(5189) but got intraday support and closed above it today and should be kept in mind that sustaining it below will mean Long term trend turning down.
Selling at higher levels and after that down moves in Falling channel which was broken out also after lower levels intraday support. Although complete consolidation is required after good selling at higher levels in previous weeks but intraday support at 200-Day EMA therefore today trading range break out will be firstly watched in the coming sessions for next moves first indication and follow up buying/selling as well as sustaining beyond 200-Day EMA will give confirmation of correction completion/continuation.
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| Just click on chart for its enlarged view |
1- Selling at higher levels.
2- Down moves in Falling Channel.
3- Support at lower levels.
4- Falling channel upward break out.
5- Whole day trading between 5172-5243
Conclusions from intra day chart analysis
Long term trend is up,Intermediate and Short term trends are down. Retracement in the form of Intermediate term correction is continued and 38.2% Retracement has been completed at 5209 today. Nifty slipped below 200-Day EMA(5189) but got intraday support and closed above it today and should be kept in mind that sustaining it below will mean Long term trend turning down.
Selling at higher levels and after that down moves in Falling channel which was broken out also after lower levels intraday support. Although complete consolidation is required after good selling at higher levels in previous weeks but intraday support at 200-Day EMA therefore today trading range break out will be firstly watched in the coming sessions for next moves first indication and follow up buying/selling as well as sustaining beyond 200-Day EMA will give confirmation of correction completion/continuation.
FII & DII trading activity in Capital Market Segment on 07-Mar-2012
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Indian Stock Markets Closing Reports(07-Mar-2012)
Main features of today trading are as follows
1- Flat closing market and most Indices closed with minor gains and minor loss.
2- Almost Doji Candle formation today.
3- Testing of Long term trend decider 200-Day EMA
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(07-Mar-2012): 18.50
Advances & Declines
BSE Advances : 1084
BSE Declines : 1751
NSE Advances : 487
NSE Declines : 965
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- +236850(+21.75%)
Nifty- 5100 PE(Mar)- +206250(+4.23%)
Nifty- 5200 CE(Mar)- +526150(+18.86%)
Nifty- 5200 PE(Mar)- -715300(-9.49%)
Nifty- 5300 CE(Mar)- +709350(+22.58%)
Nifty- 5300 PE(Mar)- -211350(-3.76%)
Closing
Nifty- closed at 5,220.45(-1.95 Points & -0.04%)
Sensex- closed at 17,145.52(-27.77 Points & -0.16% )
CNX Midcap - closed at 7,470.55(+2.55 Points & +0.03%)
BSE Smallcap- closed at 6,659.37(-40.82 Points & -0.61%)
1- Flat closing market and most Indices closed with minor gains and minor loss.
2- Almost Doji Candle formation today.
3- Testing of Long term trend decider 200-Day EMA
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(07-Mar-2012): 18.50
Advances & Declines
BSE Advances : 1084
BSE Declines : 1751
NSE Advances : 487
NSE Declines : 965
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- +236850(+21.75%)
Nifty- 5100 PE(Mar)- +206250(+4.23%)
Nifty- 5200 CE(Mar)- +526150(+18.86%)
Nifty- 5200 PE(Mar)- -715300(-9.49%)
Nifty- 5300 CE(Mar)- +709350(+22.58%)
Nifty- 5300 PE(Mar)- -211350(-3.76%)
Closing
Nifty- closed at 5,220.45(-1.95 Points & -0.04%)
Sensex- closed at 17,145.52(-27.77 Points & -0.16% )
CNX Midcap - closed at 7,470.55(+2.55 Points & +0.03%)
BSE Smallcap- closed at 6,659.37(-40.82 Points & -0.61%)
Nifty Spot-Levels & Trading Strategy for 09-03-2012
Nifty Spot-Levels
R3 5322
R2 5282
R1 5251
Avg 5211
S1 5180
S2 5140
S3 5109
Nifty Spot-Trading Strategy
H6 5291 Trgt 2
H5 5275 Trgt 1
H4 5259 Long breakout
H3 5239 Go Short
H2 5233
H1 5226
L1 5213
L2 5206
L3 5200 Long
L4 5180 Short Breakout
L5 5164 Trgt 1
L6 5148 Trgt 2
R3 5322
R2 5282
R1 5251
Avg 5211
S1 5180
S2 5140
S3 5109
Nifty Spot-Trading Strategy
H6 5291 Trgt 2
H5 5275 Trgt 1
H4 5259 Long breakout
H3 5239 Go Short
H2 5233
H1 5226
L1 5213
L2 5206
L3 5200 Long
L4 5180 Short Breakout
L5 5164 Trgt 1
L6 5148 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 09-03-2012
Nifty(Mar Fut)-Levels
R3 5369
R2 5324
R1 5291
Avg 5246
S1 5213
S2 5168
S3 5135
Nifty(Mar Fut)-Trading Strategy
H6 5336 Trgt 2
H5 5318 Trgt 1
H4 5300 Long breakout
H3 5279 Go Short
H2 5272
H1 5265
L1 5250
L2 5243
L3 5236 Long
L4 5215 Short Breakout
L5 5197 Trgt 1
L6 5179 Trgt 2
R3 5369
R2 5324
R1 5291
Avg 5246
S1 5213
S2 5168
S3 5135
Nifty(Mar Fut)-Trading Strategy
H6 5336 Trgt 2
H5 5318 Trgt 1
H4 5300 Long breakout
H3 5279 Go Short
H2 5272
H1 5265
L1 5250
L2 5243
L3 5236 Long
L4 5215 Short Breakout
L5 5197 Trgt 1
L6 5179 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 09-03-2012
Bank Nifty(Mar Fut)-Levels
R3 10576
R2 10416
R1 10321
Avg 10161
S1 10066
S2 9906
S3 9811
Bank Nifty(Mar Fut)-Trading Strategy
H6 10486 Trgt 2
H5 10426 Trgt 1
H4 10366 Long breakout
H3 10296 Go Short
H2 10272
H1 10249
L1 10202
L2 10179
L3 10155 Long
L4 10085 Short Breakout
L5 10025 Trgt 1
L6 9965 Trgt 2
R3 10576
R2 10416
R1 10321
Avg 10161
S1 10066
S2 9906
S3 9811
Bank Nifty(Mar Fut)-Trading Strategy
H6 10486 Trgt 2
H5 10426 Trgt 1
H4 10366 Long breakout
H3 10296 Go Short
H2 10272
H1 10249
L1 10202
L2 10179
L3 10155 Long
L4 10085 Short Breakout
L5 10025 Trgt 1
L6 9965 Trgt 2
Pre-Closing Outlook(07-03-2012)
Correction is on and higher levels selling today but lower levels supports also seen therefore today trading range break out will be firstly watched for next very short term moves first indication.
Mid-session Outlook(07-03-2012)
Intermediate and Short term trends are already down in ongoing correction. Long term trend is up and its decising most crucial range(5120-5190) has been tested today, this range is containing little above and within it following crucial levels:
1- 38.2% Retracement Level- 5209
2- 55-Day EMA - today at 5201
3- 200-Day EMA- today at 5188
4- 200-Day SMA- today at 5165
Above 3 levels have been tested today. Correction is on and sustaining below 5120 will be Long term trend turning down confirmations. Down moves are continued and let it stop and consolidations/base formations start then beginning of correction completion will be considered.
Nifty is trading between 5185-5243 today with higher levels selling therefore more down moves possibilities can not be ruled out.
1- 38.2% Retracement Level- 5209
2- 55-Day EMA - today at 5201
3- 200-Day EMA- today at 5188
4- 200-Day SMA- today at 5165
Above 3 levels have been tested today. Correction is on and sustaining below 5120 will be Long term trend turning down confirmations. Down moves are continued and let it stop and consolidations/base formations start then beginning of correction completion will be considered.
Nifty is trading between 5185-5243 today with higher levels selling therefore more down moves possibilities can not be ruled out.
More down moves & Long Term Trend at stake
Whatsoever happen today all that was clearly projected in following lines on 03-03-2012:-
"negative results for Congress will certainly badly hamper sentiment therefore coming sessions may be highly volatile and follow up selling after any nervous news may result slipping below 5340/5268 also"
Crucial Supports in Assembly Election Results Week
Just click above topic link for verification of our above projection and following most crucial points also:-
1- All the supports of Dec 2011 rally.
2- Long tern trend deciding levels
3- Importance of next support range 5120-5190.
4- For most crucial levels within 5120-5190.
Nifty-Intra Day Chart(06-Mar-2012):-
Technical Patterns and Formations in today intraday charts
1- Only up moves,down moves and intraday volatility.
2- Closing at the lowest of the day.
3- Whole day trading between 5207-5376.
Main features of today trading:-
1- Highy volatile markets after gap down opening.
2- Sharp surgees and declines according to Congress prospects after Assembly Elections Results declarations.
3- Reflection of Congress dismal performance through closing at the lowest of the day.
4- Intermediate term trend turning down confirmations through sustaining below 5340.
5- Breaking down of 7 days sessions range.
More down moves are expected in the coming sessions and those supports ranges which has already been updated on on 03-03-2012.
"negative results for Congress will certainly badly hamper sentiment therefore coming sessions may be highly volatile and follow up selling after any nervous news may result slipping below 5340/5268 also"
Crucial Supports in Assembly Election Results Week
Just click above topic link for verification of our above projection and following most crucial points also:-
1- All the supports of Dec 2011 rally.
2- Long tern trend deciding levels
3- Importance of next support range 5120-5190.
4- For most crucial levels within 5120-5190.
Nifty-Intra Day Chart(06-Mar-2012):-
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| Just click on chart for its enlarged view |
1- Only up moves,down moves and intraday volatility.
2- Closing at the lowest of the day.
3- Whole day trading between 5207-5376.
Conclusions
Main features of today trading:-
1- Highy volatile markets after gap down opening.
2- Sharp surgees and declines according to Congress prospects after Assembly Elections Results declarations.
3- Reflection of Congress dismal performance through closing at the lowest of the day.
4- Intermediate term trend turning down confirmations through sustaining below 5340.
5- Breaking down of 7 days sessions range.
More down moves are expected in the coming sessions and those supports ranges which has already been updated on on 03-03-2012.
Indian Stock Markets Closing Reports(06-Mar-2012)
Main features of today trading are as follows
1-Highly volatile markets in Assembly Elections results day.
2- Most of the Indices closed in Red including Benchmark Indices.
3- Black Candle today.
Ratios
Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(06-Mar-2012): 18.51
Advances & Declines
BSE Advances : 1010
BSE Declines : 1820
NSE Advances : 408
NSE Declines : 1040
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- +174650(+19.09%)
Nifty- 5100 PE(Mar)- +321800(+6.75%)
Nifty- 5200 CE(Mar)- +314450(+12.94%)
Nifty- 5200 PE(Mar)- -447800(-5.61%)
Nifty- 5300 CE(Mar)- +426400(+15.43%)
Nifty- 5300 PE(Mar)- +288100(+4.88%)
Nifty- 5400 CE(Mar)- +656100(+18.19%)
Nifty- 5400 PE(Mar)- -139800(-3.66%)
Closing
Nifty- closed at 5,222.40(-57.95 Points & -1.10%)
Sensex- closed at 17,128.28(-189.58 Points & -1.09% )
CNX Midcap - closed at 7,468.00(-61.50 Points & -0.82%)
BSE Smallcap- closed at 6,700.19(-87.51 Points & -1.29%)
1-Highly volatile markets in Assembly Elections results day.
2- Most of the Indices closed in Red including Benchmark Indices.
3- Black Candle today.
Ratios
Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(06-Mar-2012): 18.51
Advances & Declines
BSE Advances : 1010
BSE Declines : 1820
NSE Advances : 408
NSE Declines : 1040
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- +174650(+19.09%)
Nifty- 5100 PE(Mar)- +321800(+6.75%)
Nifty- 5200 CE(Mar)- +314450(+12.94%)
Nifty- 5200 PE(Mar)- -447800(-5.61%)
Nifty- 5300 CE(Mar)- +426400(+15.43%)
Nifty- 5300 PE(Mar)- +288100(+4.88%)
Nifty- 5400 CE(Mar)- +656100(+18.19%)
Nifty- 5400 PE(Mar)- -139800(-3.66%)
Closing
Nifty- closed at 5,222.40(-57.95 Points & -1.10%)
Sensex- closed at 17,128.28(-189.58 Points & -1.09% )
CNX Midcap - closed at 7,468.00(-61.50 Points & -0.82%)
BSE Smallcap- closed at 6,700.19(-87.51 Points & -1.29%)
FII Trading Data in Derivatives Segment on 06-Mar-2012
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Nifty Spot-Levels & Trading Strategy for 07-03-2012
Nifty Spot-Levels
R3 5510
R2 5446
R1 5334
Avg 5270
S1 5158
S2 5094
S3 4982
Nifty Spot-Trading Strategy
H6 5398 Trgt 2
H5 5358 Trgt 1
H4 5318 Long breakout
H3 5270 Go Short
H2 5254
H1 5238
L1 5205
L2 5189
L3 5173 Long
L4 5125 Short Breakout
L5 5085 Trgt 1
L6 5045 Trgt 2
R3 5510
R2 5446
R1 5334
Avg 5270
S1 5158
S2 5094
S3 4982
Nifty Spot-Trading Strategy
H6 5398 Trgt 2
H5 5358 Trgt 1
H4 5318 Long breakout
H3 5270 Go Short
H2 5254
H1 5238
L1 5205
L2 5189
L3 5173 Long
L4 5125 Short Breakout
L5 5085 Trgt 1
L6 5045 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 07-03-2012
Nifty(Mar Fut)-Levels
R3 5570
R2 5499
R1 5374
Avg 5303
S1 5178
S2 5107
S3 4982
Nifty(Mar Fut)-Trading Strategy
H6 5446 Trgt 2
H5 5402 Trgt 1
H4 5357 Long breakout
H3 5303 Go Short
H2 5285
H1 5267
L1 5232
L2 5214
L3 5196 Long
L4 5142 Short Breakout
L5 5097 Trgt 1
L6 5053 Trgt 2
R3 5570
R2 5499
R1 5374
Avg 5303
S1 5178
S2 5107
S3 4982
Nifty(Mar Fut)-Trading Strategy
H6 5446 Trgt 2
H5 5402 Trgt 1
H4 5357 Long breakout
H3 5303 Go Short
H2 5285
H1 5267
L1 5232
L2 5214
L3 5196 Long
L4 5142 Short Breakout
L5 5097 Trgt 1
L6 5053 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 07-03-2012
Bank Nifty(Mar Fut)-Levels
R3 10881
R2 10706
R1 10410
Avg 10235
S1 9939
S2 9764
S3 9468
Bank Nifty(Mar Fut)-Trading Strategy
H6 10587 Trgt 2
H5 10480 Trgt 1
H4 10373 Long breakout
H3 10243 Go Short
H2 10200
H1 10157
L1 10070
L2 10027
L3 9984 Long
L4 9854 Short Breakout
L5 9747 Trgt 1
L6 9640 Trgt 2
R3 10881
R2 10706
R1 10410
Avg 10235
S1 9939
S2 9764
S3 9468
Bank Nifty(Mar Fut)-Trading Strategy
H6 10587 Trgt 2
H5 10480 Trgt 1
H4 10373 Long breakout
H3 10243 Go Short
H2 10200
H1 10157
L1 10070
L2 10027
L3 9984 Long
L4 9854 Short Breakout
L5 9747 Trgt 1
L6 9640 Trgt 2
Pre-Closing Outlook(06-03-2012)
Today intraday moves were according to Congress expectations during Assembly Elections results day. When intial results trend indicated gains for Congress then up moves were seen but as soon as results confirmed the defeat of Congress then markets started to tumble down and Market is more than 1% down.
5267-5322 has been broken down and Intermediate term trend turning down confirmations also therefore more down moves are expected. As down moves possibility was alive therefore following topic was updated on 03-03-2012:-
Just click above topic Link and understand all the crucial support levels.
5267-5322 has been broken down and Intermediate term trend turning down confirmations also therefore more down moves are expected. As down moves possibility was alive therefore following topic was updated on 03-03-2012:-
Just click above topic Link and understand all the crucial support levels.
Mid-session Outlook(06-03-2012)
Highly volatile markets during Assembly Election Results day,Nifty is trading between yesterday trading range(5267-5322) at this moment and importance of this range have already been discussed in previous outlook.
It was expected that on going correction will complete now fresh up moves will start after correction completion and increase in Congress strength but market could not sustain at higher levels after confirmation of Punjab defeat and no role in U.P. Govt. formations.
Tough to understand the change of Technical positions during such high volatility therefore next moves and fate of Intermediate term trend will get confirmations through:-
1- Sustaining beyond yesterday trading range(5267-5322) for first indication.
2- Sustaining beyond intermediate term trend decider 5340 for final confirmations.
It was expected that on going correction will complete now fresh up moves will start after correction completion and increase in Congress strength but market could not sustain at higher levels after confirmation of Punjab defeat and no role in U.P. Govt. formations.
Tough to understand the change of Technical positions during such high volatility therefore next moves and fate of Intermediate term trend will get confirmations through:-
1- Sustaining beyond yesterday trading range(5267-5322) for first indication.
2- Sustaining beyond intermediate term trend decider 5340 for final confirmations.
Live Proofs of our 100% accurate projections and Guidance during Assembly results
Post-open Outlook(06-03-2012)
Indian markets more than 1.00% down immediately after opening today and then more than 1 % up within first half hour today and proved ours following projections 100% accurate:-
In Pre-Closing Outlook(05-03-2012) at 02:59PM yesterday:-
A- strong indication of intermediate term trend turning down and high possibility of more down moves to text next support levels.
B-Indian markets are prepared for more down moves in the coming sessions.
2- In Technical and Assembly results implications Analysis yesterday
A- Technically Intermediate term trend turning down strong indication
B- technically high possibility of more down moves to test next support levels in the coming sessions
C- Indian markets are technically prepared for more down moves in the coming sessions.
High volatility today but we told following lines yesterday;-
1- Assembly results uncertainty led volatility can not be ruled out tomorrow
2- in such situations technical positins reverses also therefore sustaining beyond today trading range(5267-5322) should be firstly watched for next moves confirmations.
3- Indian markets will only be effected by Congress conclusive gains/loss and change of dependence on other parties.
Highly Volatile market today and technical positins reverses also in such situations therefore following levels should be firstly watched:-
1- Sustaining beyond yesterday trading range(5267-5322) for first indication.
2- Sustaining beyond intermediate term trend decider 5340
Long term trend is up Short term trend is down and correction completion/continuation through survival of intermediate term trend will be decided through sustaining beyond above levels and should be firstly watched.
Expected that no fresh up moves will start after correction completion today.
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