Nifty Spot-Levels & Trading Strategy for 12-03-2012

Nifty Spot-Levels

R3 5404
R2 5373
R1 5353
Avg 5322
S1 5302
S2 5271
S3 5251

Nifty Spot-Trading Strategy

H6 5384     Trgt 2
H5 5372     Trgt 1
H4 5361     Long breakout
H3 5347     Go Short
H2 5342
H1 5337
L1 5328
L2 5323
L3 5318     Long
L4 5304     Short Breakout
L5 5293     Trgt 1
L6 5281     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 12-03-2012

Nifty(Mar Fut)-Levels

R3 5449
R2 5411
R1 5387
Avg 5349
S1 5325
S2 5287
S3 5263

Nifty(Mar Fut)-Trading Strategy

H6 5426     Trgt 2
H5 5412     Trgt 1
H4 5398     Long breakout
H3 5381     Go Short
H2 5375
H1 5369
L1 5358
L2 5352
L3 5346     Long
L4 5329     Short Breakout
L5 5315     Trgt 1
L6 5301     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 12-03-2012

Bank Nifty(Mar Fut)-Levels

R3 10894
R2 10745
R1 10659
Avg 10510
S1 10424
S2 10275
S3 10189

Bank Nifty(Mar Fut)-Trading Strategy

H6 10813     Trgt 2
H5 10758     Trgt 1
H4 10703     Long breakout
H3 10638     Go Short
H2 10617
H1 10595
L1 10552
L2 10530
L3 10509     Long
L4 10444     Short Breakout
L5 10389     Trgt 1
L6 10334     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Mar 12 to Mar 16,2012)

Nifty Spot-Weekly Levels

R3 5630
R2 5506
R1 5419
Avg 5295
S1 5208
S2 5084
S3 4997

Nifty Spot-Weekly Trading Strategy 

H6 5550     Trgt 2
H5 5499     Trgt 1
H4 5449     Long breakout
H3 5391     Go Short
H2 5371
H1 5352
L1 5313
L2 5294
L3 5274     Long
L4 5216     Short Breakout
L5 5166     Trgt 1
L6 5115     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Mar 12 to Mar 16,2012)

Bank Nifty Spot-Weekly Levels

R3 11293
R2 10909
R1 10707
Avg 10323
S1 10121
S2 9737
S3 9535

Bank Nifty Spot-Weekly Trading Strategy 

H6 11124     Trgt 2
H5 10975     Trgt 1
H4 10827     Long breakout
H3 10666     Go Short
H2 10612
H1 10558
L1 10451
L2 10397
L3 10343     Long
L4 10182     Short Breakout
L5 10034     Trgt 1
L6  9885    Trgt 2

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