Pre-Closing Outlook(09-03-2012)

Following line was told at 09:46AM today in Post-open Outlook

sustaining beyond 5290-5340 will be correction completion/continuation confirmation therefore should be firstly watched.

Nifty traded whole day between mentioned range and now trading at 5330 after forming high at 5342.30.

Intraday selling patterns seen between 5318-5332 today and Nifty moved above it also but retraced and again trading between this range. Whole day market is More than 1.75% up today and psychologically tough for general trader to hold their buying positins at such higher rates therefore they sells their buying in little down moves therefore sustaining above 5332/5340(intermediate term trend decider) will be firstly watched next up moves confirmations.

Although Indian markets are going to closed more than 2% up today but intraday charts are suggesting for the requirements of more confirmations. It will be better to get next decisive move confirmations from sustaining beyond today trading. 3 Big events in next week and sustaining beyond today trading range will give first indication of next moves direction after those events.

Mid-session Outlook(09-03-2012)

Selling confirmation between 5318-5332 and until Nifty will not sustain above 5332 till then next up move will not be considered.

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. 

Next Trend Key in the hands of 200-Day EMA(5189)

Nifty-Intra Day Chart(07-Mar-2012):-

Just click on chart for its enlarged view

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

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 Trading Data in Derivatives Segment on 07-Mar-2012

FII & DII trading activity in Capital Market Segment on 07-Mar-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 07-Mar-2012 2240.41 2745 -504.59

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Mar-2012 984.58 1114.49 -129.91

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%)

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

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

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

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.

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):-

Just click on chart for its enlarged view

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.

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%)

FII Trading Data in Derivatives Segment on 06-Mar-2012

FII Trading Data in Derivatives Segment on 06-Mar-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Mar-2012 2629.95 2871.17 -241.22

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Mar-2012 1238.12 1058.21 179.91

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

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                                                                                                                                                                     

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

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:-

Crucial Supports in Assembly Election Results Week

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.