Mid-session Outlook(27-03-2012)

Highly volatile market between 5186-5236 today with intraday support between 5186-5196 and selling indications at higher levels also. As intraday patterns are suggesting consolidation formations therefore finally moves above 5236 are expected.

Next decisive moves confirmations range is sustaining beyond 5172-5236

Post-open Outlook(27-03-2012)

Rally is on after Intraday support at lower levels today.

NIFTY-Mar F&O-1st Buying of 26-03-2012-Covering

NIFTY Mar F & O(Bought on 26-03-2012)-Cover and book profit immediately-CMP-5238(Lalit39)

Rally from tomorrow after correction completion Today

Nifty-Intra Day Chart(26-Mar-2012):-

Just click on chart for its enlarged view 

Consolidation Patterns in today intraday charts

1- Falling Channels without Force
2- New 8 intraday bottoms without force.
3- Most time trading between 5175-5223
4- Whole day trading between 5175-5255

Conclusions from intra day chart analysis 

Although Whole day trading in negative zone and closing near the lowest of the day but intraday charts are showing above mentioned consolidation patterns within and above previous strong support range(5172-5200) therefore up moves are expected tomorrow.

Finally sustaining above 5223 will be first and strong indication of correction completion therefore should be firstly watched tomorrow.  

Intraday consolidations and crucial levels were updated during trading hours in following outlooks also therefore just click following topic links and keep in mind crucial support levels:-

1- Pre-Closing Outlook
2- Mid-session Outlook-2

High possibility of rally continuation from tomorrow after today intraday consolidations and correction completion.

FII Trading Data in Derivatives Segment on 26-Mar-2012

FII & DII trading activity in Capital Market Segment on 26-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 26-Mar-2012 3998.36 4133.65 -135.29

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Mar-2012 775.03 975.97 -200.94

Indian Stock Markets Closing Reports(26-Mar-2012)

Main features of today trading are as follows

1- Long Black Candle.
2- All the Indices closed in Red.
3- Closing near the lower levels of the day.

Ratios

Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(26-Mar-2012): 18.32

Advances & Declines

BSE Advances :  883
BSE Declines : 2006
NSE Advances :  327
NSE Declines : 1134

Nifty Open Interest Changed Today

Nifty- 5100 CE(Mar)- +491150(+41.66%)
Nifty- 5100 PE(Mar)- +1851550(+25.16%)

Nifty- 5200 CE(Mar)- +1649000(+40.64%)
Nifty- 5200 PE(Mar)- -1061800(-13.13%)

Nifty- 5300 CE(Mar)- +1567050(+32.50%)
Nifty- 5300 PE(Mar)- -1638750(-31.31%)

Closing 

Nifty- closed at 5,184.25(-93.95 Points & -1.78%)
Sensex- closed at 17,052.78(-308.96 Points & -1.78% )
CNX Midcap - closed at 7,552.95(-120.35 Points & -1.57%)
BSE Smallcap- closed at 6,533.36(-92.99 Points & +-1.40%)

Nifty Spot-Levels & Trading Strategy for 27-03-2012

Nifty Spot-Levels

R3 5347
R2 5310
R1 5247
Avg 5210
S1 5147
S2 5110
S3 5047

Nifty Spot-Trading Strategy

H6 5284     Trgt 2
H5 5261     Trgt 1
H4 5239     Long breakout
H3 5211     Go Short
H2 5202
H1 5193
L1 5174
L2 5165
L3 5156     Long
L4 5129     Short Breakout
L5 5106     Trgt 1
L6 5083     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 27-03-2012

Nifty(Mar Fut)-Levels

R3 5351
R2 5315
R1 5253
Avg 5217
S1 5155
S2 5119
S3 5057

Nifty(Mar Fut)-Trading Strategy

H6 5289     Trgt 2
H5 5267     Trgt 1
H4 5244     Long breakout
H3 5217     Go Short
H2 5208
H1 5199
L1 5182
L2 5173
L3 5164     Long
L4 5137     Short Breakout
L5 5114     Trgt 1
L6 5092     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 27-03-2012

Bank Nifty(Mar Fut)-Levels

R3 10501
R2 10400
R1 10231
Avg 10130
S1 9961
S2 9860
S3 9691

Bank Nifty(Mar Fut)-Trading Strategy

H6 10332     Trgt 2
H5 10271     Trgt 1
H4 10210     Long breakout
H3 10136     Go Short
H2 10111
H1 10086
L1 10037
L2 10012
L3  9987    Long
L4  9913   Short Breakout
L5  9852    Trgt 1
L6  9791    Trgt 2

NIFTY-Mar F&O-1st Buying of 26-03-2012-Trade

NIFTY(Mar Fut-Buy-Positional)SL-5174-TGT-5254-CMP-5186

NIFTY(Mar Call Option-Buy-Positional)SL-5174-TGT-5254-S.P.FOR Call-5200(Mar Fut-Rates are for all Options covering)-CMP-5186

Pre-Closing Outlook(26-03-2012)

After today trading sustaining beyond following 3 ranges should be kept in mind for the confirmation of Long term trend survival:-

1- 5190-5223
2- 5172-5223
3- 5156-5223

As today intraday charts are showing consolidation indications therefore expected that market will finally get support between or near about above mentioned levels and rally will continue after correction completion despite almost whole day today more than 1.25% down trading. 

Mid-session Outlook-2(26-03-2012)

Importance,strength and testing possibility of crucial support range(5172-5200) was updated several times in previous week Outlooks,Nifty is trading within and little above this range since opening today.

Nifty is trading between 5190-5223 with lower levels supports and consolidations indications also therefore firstly sustaining beyond mentioned today trading range should be watched for next moves consirmations. As correction is still continued therefore following most crucial levels should also be kept in mind:-

1- 5172(Lowest of previous support)
2- 5156(200-Day SMA on 23-03-2012)

Mid-session Outlook(26-03-2012)

More than 1.5% down today after last Friday higher levels selling. Intraday charts of today are showing again selling today also therefore Nifty is trading within strong and crucial support range(5172-5200),firstly sustaining it beyong should be watched today. 

Finally impulsive wave-3 Rally in Coming Weeks

Technical Analysis,Research & Weekly Outlook

(Mar 26 to Mar 30,2012)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 3 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in next week:-

1-Finally impulsive wave-3 Rally after Correction Completion
2-Long Term Trend Decider 200-Day EMA & 200-Day SMA 
3-Nifty-Micro Analysis of Intra Day Chart(23-Mar-2012)

Conclusions (After Putting All Studies Together)

Long term trend is up,Intermediate term and Short term trends are down in Intermediate term correction. 1098.80 Nifty Points rally in 45 sessions and its correction is on from 22-02-2012 but without any reversal pattern and Continuation pattern 'Symmetrical triangle' formation is visible in 23 sessions correction EOD Chart therefore expected that rally begun from 4531.15 on 20-12-2011 will continue after on going correction completion.

Correction is on after good selling at higher levels. Although good support seen above 5200 in previous week but correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out and until Nifty will not sustain below it till then Uptrend will remain intact.

Expected that Nifty will trade between 5156-5380 in the coming week and will prepare for fresh rally as well as Nifty will not sustain below 200-Day SMA and finally impulsive wave-3 rally will be seen after completion of corrective Wave-2.

Nifty-Micro Analysis of Intra Day Chart(23-Mar-2012)

Nifty-Intra Day Chart(23-Mar-2012):-

Just click on chart for its enlarged view 

Technical Patterns and Formations in today intraday charts

1- Selling between 5260-5275
2- Support between 5233-5248
3- Break out after more than 4 hours trading between 5233-5278
4- Bearish Rising Wedge pattern formations at the top.
3- Whole day trading between 5222-5312

Conclusions from intra day chart analysis 

Firstly more than 4 hours trading between 5233-5278 with mixed intraday patterns and then break out after European markets positive opening but failed to sustain at higher levels after Bearish Rising Wedge pattern formations and slipped.

Higher levels selling,lower levels support and next trend confirmations will be sustaining beyond today trading range(5222-5312) therefore it should be firstly watched in next week.

Finally impulsive wave-3 Rally after Correction Completion

Nifty-EOD Chart(23-Mar-2012):-

Just click on chart for its enlarged view 

Technical Patterns and Formations in EOD charts

1- Bottom of 13 months correction at 4531.15 on 20-12-2011
2- Wave-1 completion at 5629.95 on 22-02-2012
3- Corrective Wave-2 bottom at 5171.45 on 07-03-2012
4- Continuation pattern Symmetrical triangle Formation

Conclusions from EOD chart analysis 

Correction is on but no reversal pattern visible. As Continuation pattern Symmetrical triangle formation seen therefore expected that finally impulsive wave-3 rally will be seen after completion of corrective Wave-2.

Long Term Trend Decider 200-Day EMA & 200-Day SMA

Nifty-EOD Chart(23-Mar-2012):-

Just click on chart for its enlarged view 

Technical Patterns and Formations in EOD charts

1- Resistances at 200-Day SMA
2- Support at 200-Day SMA on 07-03-2012 at 5171.45
3- Support at 200-Day EMA on 22-03-2012 at 5206
4- 200-Day EMA is at 5204 on 23-03-2012
5- 200-Day SMA is at 5156 on 23-03-2012

Conclusions from EOD chart analysis 

Corrective Wave-2 is on and Intermediate and Short Term Trends are down. As Nifty is sustaining above 200-Day EMA & SMA therefore Long term trend is up,until Nifty is above till then Bullish markets survival hopes are alive.

It is clear from above EOD Chart that when Indian market was in Bear phase then each time Nifty faced resistances and retraced from 200-Day EMA & SMA. Nifty traded whole previous week above 200-Day EMA as well as tested it also but got support and sustained above. 

Correction is on and its completion confirmation is required yet. Although Petroleum Price hike news is possible any day but sustaining below 5157 should be firstly watched tomorrow for Long Term Trend survival confirmations and until Nifty will not sustain below it till then Uptrend will remain intact.

Expected that finally Nifty will not sustain below 200-Day SMA and impulsive Wave-3 will continue after on going Wave-2 correction completion.

FII Trading Data in Derivatives Segment on 23-Mar-2012

FII & DII trading activity in Capital Market Segment on 23-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 23-Mar-2012 2310.91 2301.45 9.46

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Mar-2012 689.22 502.41 186.81

Indian Stock Markets Closing Reports(23-Mar-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except Metals.
2- White Candle.
3- Whole day positive market.

Ratios

Nifty Put Call Ratio: 1.25
Nifty P/E Ratio(23-Mar-2012): 18.65

Advances & Declines

BSE Advances : 1430
BSE Declines : 1484
NSE Advances :  764
NSE Declines :  666

Nifty Open Interest Changed Today

Nifty- 5100 CE(Mar)- -59850(-4.83%)
Nifty- 5100 PE(Mar)- +1555950(+26.81%)

Nifty- 5200 CE(Mar)- +265950(+7.01%)
Nifty- 5200 PE(Mar)- +1897250(+27.92%)

Nifty- 5300 CE(Mar)- +488200(+11.00%)
Nifty- 5300 PE(Mar)- +224350(+4.48%)

Nifty- 5400 CE(Mar)- -334350(-5.01%)
Nifty- 5400 PE(Mar)- +24450(+0.69%)

Closing 

Nifty- closed at 5,278.20(+49.75 Points & +0.95%)
Sensex- closed at 17,361.74(+165.27 Points & +0.96%)
CNX Midcap - closed at 7,671.40(+60.50 Points & +0.79%)
BSE Smallcap- closed at 6,626.35(+26.66 Points & +0.40%)