Nifty traded most time between 5233-5278 with higher levels selling between 5258-5278. Although higher levels intraday selling patterns but lower levels supports also therefore sustaining beyond mentioned today trading range should be firstly watched for next decisive moves confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(23-03-2012)
Sharp down yesterday after higher levels good selling yesterday but positive market since opening today. Nifty recovered immediately after opening but failed to cross resistance at 5295 and slipped after intraday selling patterns between 5258-5278.
Nifty got support 2 times earlier near 5200 and again trading above 5200 today after forming low at 5205.6 and sustaining beyond 5210 should be firstly watched for nexts decisive moves cinfirmations.
Nifty got support 2 times earlier near 5200 and again trading above 5200 today after forming low at 5205.6 and sustaining beyond 5210 should be firstly watched for nexts decisive moves cinfirmations.
Long Term Trend Again at Stake
Nifty-Intra Day Chart(22-Mar-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5333-5383
2- Sharp Fall after good selling.
3- Whole day trading between 5206-5385
As soon as selling formation got confirmation then it was updated in Mid-session Outlook and only selling was repeated in all the intraday Outlooks as well as next targets were projected which achieved also.
Intermediate and Short Term Trends are down.Long Term trend is up but certainly at stake after good selling at higher levels and sustaining below following 2 levels will be confirmation Long Term Trend torning down:-
1- 200-Day EMA- 5203
2- 200-Day SMA- 5157
Sustaining below 5157 should be firstly watched tomorrow for Long Term Trend survival confirmations.
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| Just click on chart for its enlarged view |
1- Selling between 5333-5383
2- Sharp Fall after good selling.
3- Whole day trading between 5206-5385
Conclusions from intra day chart analysis
As soon as selling formation got confirmation then it was updated in Mid-session Outlook and only selling was repeated in all the intraday Outlooks as well as next targets were projected which achieved also.
Intermediate and Short Term Trends are down.Long Term trend is up but certainly at stake after good selling at higher levels and sustaining below following 2 levels will be confirmation Long Term Trend torning down:-
1- 200-Day EMA- 5203
2- 200-Day SMA- 5157
Sustaining below 5157 should be firstly watched tomorrow for Long Term Trend survival confirmations.
Indian Stock Markets Closing Reports(22-Mar-2012)
Main features of today trading are as follows
1- All the Indices closed in Red.
2- Long Black Candle.
3- Closing near the lows of the day.
Ratios
Nifty Put Call Ratio: 1.18
Nifty P/E Ratio(22-Mar-2012): 18.47
Advances & Declines
BSE Advances : 837
BSE Declines : 2071
NSE Advances : 287
NSE Declines : 1179
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- +495350(+66.62%)
Nifty- 5100 PE(Mar)- -1555650(-21.14%)
Nifty- 5200 CE(Mar)- +1505250(+63.88%)
Nifty- 5200 PE(Mar)- -146100(-1.85%)
Nifty- 5300 CE(Mar)- +805900(+21.22%)
Nifty- 5300 PE(Mar)- -849500(-13.60%)
Nifty- 5400 CE(Mar)- +1421500(+25.72%)
Nifty- 5400 PE(Mar)- -1052550(-22.40%)
Closing
Nifty- closed at 5,228.45(-136.50 Points & -2.54%)
Sensex- closed at 17,196.47(-405.24 Points & -2.30%)
CNX Midcap - closed at 7,610.90(-183.85 Points & -2.36%)
BSE Smallcap- closed at 6,599.69(-112.51 Points & -1.68%)
1- All the Indices closed in Red.
2- Long Black Candle.
3- Closing near the lows of the day.
Ratios
Nifty Put Call Ratio: 1.18
Nifty P/E Ratio(22-Mar-2012): 18.47
Advances & Declines
BSE Advances : 837
BSE Declines : 2071
NSE Advances : 287
NSE Declines : 1179
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- +495350(+66.62%)
Nifty- 5100 PE(Mar)- -1555650(-21.14%)
Nifty- 5200 CE(Mar)- +1505250(+63.88%)
Nifty- 5200 PE(Mar)- -146100(-1.85%)
Nifty- 5300 CE(Mar)- +805900(+21.22%)
Nifty- 5300 PE(Mar)- -849500(-13.60%)
Nifty- 5400 CE(Mar)- +1421500(+25.72%)
Nifty- 5400 PE(Mar)- -1052550(-22.40%)
Closing
Nifty- closed at 5,228.45(-136.50 Points & -2.54%)
Sensex- closed at 17,196.47(-405.24 Points & -2.30%)
CNX Midcap - closed at 7,610.90(-183.85 Points & -2.36%)
BSE Smallcap- closed at 6,599.69(-112.51 Points & -1.68%)
FII & DII trading activity in Capital Market Segment on 22-Mar-2012
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Nifty Spot-Levels & Trading Strategy for 23-03-2012
Nifty Spot-Levels
R3 5520
R2 5452
R1 5340
Avg 5272
S1 5160
S2 5092
S3 4980
Nifty Spot-Trading Strategy
H6 5408 Trgt 2
H5 5367 Trgt 1
H4 5327 Long breakout
H3 5277 Go Short
H2 5261
H1 5244
L1 5211
L2 5195
L3 5178 Long
L4 5129 Short Breakout
L5 5088 Trgt 1
L6 5047 Trgt 2
R3 5520
R2 5452
R1 5340
Avg 5272
S1 5160
S2 5092
S3 4980
Nifty Spot-Trading Strategy
H6 5408 Trgt 2
H5 5367 Trgt 1
H4 5327 Long breakout
H3 5277 Go Short
H2 5261
H1 5244
L1 5211
L2 5195
L3 5178 Long
L4 5129 Short Breakout
L5 5088 Trgt 1
L6 5047 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 23-03-2012
Nifty(Mar Fut)-Levels
R3 5550
R2 5480
R1 5360
Avg 5290
S1 5170
S2 5100
S3 4980
Nifty(Mar Fut)-Trading Strategy
H6 5430 Trgt 2
H5 5387 Trgt 1
H4 5344 Long breakout
H3 5292 Go Short
H2 5274
H1 5257
L1 5222
L2 5205
L3 5187 Long
L4 5135 Short Breakout
L5 5092 Trgt 1
L6 5049 Trgt 2
R3 5550
R2 5480
R1 5360
Avg 5290
S1 5170
S2 5100
S3 4980
Nifty(Mar Fut)-Trading Strategy
H6 5430 Trgt 2
H5 5387 Trgt 1
H4 5344 Long breakout
H3 5292 Go Short
H2 5274
H1 5257
L1 5222
L2 5205
L3 5187 Long
L4 5135 Short Breakout
L5 5092 Trgt 1
L6 5049 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 23-03-2012
Bank Nifty(Mar Fut)-Levels
R3 10991
R2 10818
R1 10506
Avg 10333
S1 10021
S2 9848
S3 9536
Bank Nifty(Mar Fut)-Trading Strategy
H6 10681 Trgt 2
H5 10571 Trgt 1
H4 10461 Long breakout
H3 10328 Go Short
H2 10283
H1 10239
L1 10150
L2 10106
L3 10061 Long
L4 9928 Short Breakout
L5 9818 Trgt 1
L6 9708 Trgt 2
R3 10991
R2 10818
R1 10506
Avg 10333
S1 10021
S2 9848
S3 9536
Bank Nifty(Mar Fut)-Trading Strategy
H6 10681 Trgt 2
H5 10571 Trgt 1
H4 10461 Long breakout
H3 10328 Go Short
H2 10283
H1 10239
L1 10150
L2 10106
L3 10061 Long
L4 9928 Short Breakout
L5 9818 Trgt 1
L6 9708 Trgt 2
Pre-Closing Outlook(22-03-2012)
Following line was told in Mid-session Outlook-2 today
retesting of this week lows(5240) is possible in the coming sessions.
Nifty is trading below 5240 now and after good intraday selling today and retesting of previous strong support(5172-5200) is possible in the coming sessions.
retesting of this week lows(5240) is possible in the coming sessions.
Nifty is trading below 5240 now and after good intraday selling today and retesting of previous strong support(5172-5200) is possible in the coming sessions.
Mid-session Outlook-2(22-03-2012)
Selling patterns between 5370-5383 were told in Mid-session Outlook today and Nifty could not above mentioned selling range as well as slipped sharply below today intraday lows.
As good higher levels selling today therefore more down moves and retesting of this week lows(5240) is possible in the coming sessions.
Mid-session Outlook(22-03-2012)
Sharp 2 sessions fall after Budget and yesterday good recovery after lower levels good support above previous strong support of 5172-5200. Immediate resistances before Budget and immediate supports after Budget are as follows:-
1- Resistances between 5405-5444
2- supports between 5240-5300
Both sides moives are capped between 5240-5444 and Nifty will trade as well as between this range to prepare for next moves.
Nifty is trading between 5338-5383 since opening today and higher levels minor intraday selling patterns seen between 5370-5383. Sustaining beyond mentioned today trading range will be next moves first strong indication therefore should be firstly watched.
1- Resistances between 5405-5444
2- supports between 5240-5300
Both sides moives are capped between 5240-5444 and Nifty will trade as well as between this range to prepare for next moves.
Nifty is trading between 5338-5383 since opening today and higher levels minor intraday selling patterns seen between 5370-5383. Sustaining beyond mentioned today trading range will be next moves first strong indication therefore should be firstly watched.
Indian Stock Markets Closing Reports(21-Mar-2012)
Main features of today trading are as follows
1- Long White Candle
2- All the Indices closed in Green.
3- Whole day up moves with closing near Day's highest levels.
Ratios
Nifty Put Call Ratio: 1.06
Nifty P/E Ratio(21-Mar-2012):18.96
Advances & Declines
BSE Advances : 1766
BSE Declines : 1157
NSE Advances : 1023
NSE Declines : 401
Nifty Open Interest Changed Today
Nifty- 5300 CE(Mar)- -623700(-13.80%)
Nifty- 5300 PE(Mar)- +1096600(+19.17%)
Nifty- 5400 CE(Mar)- -406450(-6.85%)
Nifty- 5400 PE(Mar)- +1506400(+41.30%)
Nifty- 5500 CE(Mar)- -253300(-3.75%)
Nifty- 5500 PE(Mar)- +145850(+6.56%)
Closing
Nifty- closed at 5,364.95(+90.10 Points & +1.71%)
Sensex- closed at 17,601.71(+285.53 Points & +1.65% )
CNX Midcap - closed at 7,794.75(+157.30 Points & +2.06%)
BSE Smallcap- closed at 6,712.20(+81.77 Points & +1.23%)
1- Long White Candle
2- All the Indices closed in Green.
3- Whole day up moves with closing near Day's highest levels.
Ratios
Nifty Put Call Ratio: 1.06
Nifty P/E Ratio(21-Mar-2012):18.96
Advances & Declines
BSE Advances : 1766
BSE Declines : 1157
NSE Advances : 1023
NSE Declines : 401
Nifty Open Interest Changed Today
Nifty- 5300 CE(Mar)- -623700(-13.80%)
Nifty- 5300 PE(Mar)- +1096600(+19.17%)
Nifty- 5400 CE(Mar)- -406450(-6.85%)
Nifty- 5400 PE(Mar)- +1506400(+41.30%)
Nifty- 5500 CE(Mar)- -253300(-3.75%)
Nifty- 5500 PE(Mar)- +145850(+6.56%)
Closing
Nifty- closed at 5,364.95(+90.10 Points & +1.71%)
Sensex- closed at 17,601.71(+285.53 Points & +1.65% )
CNX Midcap - closed at 7,794.75(+157.30 Points & +2.06%)
BSE Smallcap- closed at 6,712.20(+81.77 Points & +1.23%)
FII & DII trading activity in Capital Market Segment on 21-Mar-2012
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Nifty Spot-Levels & Trading Strategy for 22-03-2012
Nifty Spot-Levels
R3 5521
R2 5446
R1 5405
Avg 5330
S1 5289
S2 5214
S3 5173
Nifty Spot-Trading Strategy
H6 5482 Trgt 2
H5 5455 Trgt 1
H4 5427 Long breakout
H3 5395 Go Short
H2 5385
H1 5374
L1 5353
L2 5342
L3 5332 Long
L4 5300 Short Breakout
L5 5272 Trgt 1
L6 5245 Trgt 2
R3 5521
R2 5446
R1 5405
Avg 5330
S1 5289
S2 5214
S3 5173
Nifty Spot-Trading Strategy
H6 5482 Trgt 2
H5 5455 Trgt 1
H4 5427 Long breakout
H3 5395 Go Short
H2 5385
H1 5374
L1 5353
L2 5342
L3 5332 Long
L4 5300 Short Breakout
L5 5272 Trgt 1
L6 5245 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2012
Nifty(Mar Fut)-Levels
R3 5571
R2 5488
R1 5441
Avg 5358
S1 5311
S2 5228
S3 5181
Nifty(Mar Fut)-Trading Strategy
H6 5526 Trgt 2
H5 5496 Trgt 1
H4 5465 Long breakout
H3 5429 Go Short
H2 5417
H1 5405
L1 5382
L2 5370
L3 5358 Long
L4 5322 Short Breakout
L5 5291 Trgt 1
L6 5261 Trgt 2
R3 5571
R2 5488
R1 5441
Avg 5358
S1 5311
S2 5228
S3 5181
Nifty(Mar Fut)-Trading Strategy
H6 5526 Trgt 2
H5 5496 Trgt 1
H4 5465 Long breakout
H3 5429 Go Short
H2 5417
H1 5405
L1 5382
L2 5370
L3 5358 Long
L4 5322 Short Breakout
L5 5291 Trgt 1
L6 5261 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2012
Bank Nifty(Mar Fut)-Levels
R3 11092
R2 10861
R1 10728
Avg 10497
S1 10364
S2 10133
S3 10000
Bank Nifty(Mar Fut)-Trading Strategy
H6 10971 Trgt 2
H5 10883 Trgt 1
H4 10796 Long breakout
H3 10696 Go Short
H2 10662
H1 10629
L1 10562
L2 10529
L3 10495 Long
L4 10395 Short Breakout
L5 10308 Trgt 1
L6 10220 Trgt 2
R3 11092
R2 10861
R1 10728
Avg 10497
S1 10364
S2 10133
S3 10000
Bank Nifty(Mar Fut)-Trading Strategy
H6 10971 Trgt 2
H5 10883 Trgt 1
H4 10796 Long breakout
H3 10696 Go Short
H2 10662
H1 10629
L1 10562
L2 10529
L3 10495 Long
L4 10395 Short Breakout
L5 10308 Trgt 1
L6 10220 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Mar 19 to Mar 23,2012)
Nifty Spot-Weekly Levels
R3 5637
R2 5568
R1 5443
Avg 5374
S1 5249
S2 5180
S3 5055
Nifty Spot-Weekly Trading Strategy
H6 5512 Trgt 2
H5 5468 Trgt 1
H4 5424 Long breakout
H3 5371 Go Short
H2 5353
H1 5335
L1 5300
L2 5282
L3 5264 Long
L4 5211 Short Breakout
L5 5167 Trgt 1
L6 5123 Trgt 2
R3 5637
R2 5568
R1 5443
Avg 5374
S1 5249
S2 5180
S3 5055
Nifty Spot-Weekly Trading Strategy
H6 5512 Trgt 2
H5 5468 Trgt 1
H4 5424 Long breakout
H3 5371 Go Short
H2 5353
H1 5335
L1 5300
L2 5282
L3 5264 Long
L4 5211 Short Breakout
L5 5167 Trgt 1
L6 5123 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Mar 19 to Mar 23,2012)
Bank Nifty Spot-Weekly Levels
R3 11316
R2 11114
R1 10752
Avg 10550
S1 10188
S2 9986
S3 9624
Bank Nifty Spot-Weekly Trading Strategy
H6 10957 Trgt 2
H5 10829 Trgt 1
H4 10701 Long breakout
H3 10546 Go Short
H2 10494
H1 10442
L1 10339
L2 10287
L3 10235 Long
L4 10080 Short Breakout
L5 9952 Trgt 1
L6 9824 Trgt 2
R3 11316
R2 11114
R1 10752
Avg 10550
S1 10188
S2 9986
S3 9624
Bank Nifty Spot-Weekly Trading Strategy
H6 10957 Trgt 2
H5 10829 Trgt 1
H4 10701 Long breakout
H3 10546 Go Short
H2 10494
H1 10442
L1 10339
L2 10287
L3 10235 Long
L4 10080 Short Breakout
L5 9952 Trgt 1
L6 9824 Trgt 2
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