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Nifty Spot-Levels & Trading Strategy for 26-03-2012

Nifty Spot-Levels

R3 5412
R2 5362
R1 5320
Avg 5270
S1 5228
S2 5178
S3 5136

Nifty Spot-Trading Strategy

H6 5371 Trgt 2
H5 5349 Trgt 1
H4 5328 Long breakout
H3 5303 Go Short
H2 5294
H1 5286
L1 5269
L2 5261
L3 5252 Long
L4 5227 Short Breakout
L5 5206 Trgt 1
L6 5184 Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 26-03-2012

Nifty(Mar Fut)-Levels

R3 5428
R2 5378
R1 5331
Avg 5281
S1 5234
S2 5184
S3 5137

Nifty(Mar Fut)-Trading Strategy

H6 5383 Trgt 2
H5 5360 Trgt 1
H4 5338 Long breakout
H3 5311 Go Short
H2 5302
H1 5293
L1 5276
L2 5267
L3 5258 Long
L4 5231 Short Breakout
L5 5209 Trgt 1
L6 5187 Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 26-03-2012

Bank Nifty(Mar Fut)-Levels

R3 10751
R2 10595
R1 10453
Avg 10297
S1 10155
S2 9999
S3 9857

Bank Nifty(Mar Fut)-Trading Strategy

H6 10614 Trgt 2
H5 10544 Trgt 1
H4 10474 Long breakout
H3 10392 Go Short
H2 10365
H1 10338
L1 10283
L2 10256
L3 10229 Long
L4 10147 Short Breakout
L5 10077 Trgt 1
L6 10008 Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Mar 26 to Mar 30,2012)

Nifty Spot-Weekly Levels

R3 5554
R2 5470
R1 5374
Avg 5290
S1 5194
S2 5110
S3 5014

Nifty Spot-Weekly Trading Strategy

H6 5460 Trgt 2
H5 5418 Trgt 1
H4 5377 Long breakout
H3 5327 Go Short
H2 5311
H1 5294
L1 5261
L2 5245
L3 5228 Long
L4 5179 Short Breakout
L5 5137 Trgt 1
L6 5095 Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Mar 26 to Mar 30,2012)

Bank Nifty Spot-Weekly Levels

R3 11002
R2 10793
R1 10544
Avg 10335
S1 10086
S2 9877
S3 9628

Bank Nifty Spot-Weekly Trading Strategy

H6 10760 Trgt 2
H5 10653 Trgt 1
H4 10546 Long breakout
H3 10420 Go Short
H2 10378
H1 10336
L1 10253
L2 10211
L3 10169 Long
L4 10043 Short Breakout
L5 9936 Trgt 1
L6 9829 Trgt 2

Pre-Closing Outlook(23-03-2012)

More than 4 hours trading between 5233-5278 and after that break out after European markets positive opening but failed to sustain at higher levels and slipped into mentioned range after Bearish Rising Wedge pattern formations.

Although positive closing expected after almost whole day Green trading higher levels selling patterns also therefore until Nifty will not sustain above todays highs(5312) till then any sustained up move will not be considered.

Higher levels selling,lower levels support today and next trend confirmations will be sustaining beyond today trading range therefore will be firstly watched in next week.

Mid-session Outlook(23-03-2012)

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.

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.

Long Term Trend Again at Stake

Nifty-Intra Day Chart(22-Mar-2012):-

Just click on chart for its enlarged view

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

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.

FII Trading Data in Derivatives Segment on 22-Mar-2012

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%)

FII & DII trading activity in Capital Market Segment on 22-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	22-Mar-2012	2643.39	2396.83	246.56

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	22-Mar-2012	1118.38	1251.51	-133.13

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

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

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

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.

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.

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%)