Rally is on after Intraday support at lower levels today.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
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):-
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
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.
 |
| Just click on chart for its enlarged view |
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 & DII trading activity in Capital Market Segment on 26-Mar-2012
| ||||||||||||||||
| ||||||||||||||||
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%)
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
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
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
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
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.
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)
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):-
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
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.
 |
| Just click on chart for its enlarged view |
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):-
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
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.
 |
| Just click on chart for its enlarged view |
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):-
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
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.
 |
| Just click on chart for its enlarged view |
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 & DII trading activity in Capital Market Segment on 23-Mar-2012
| ||||||||||||||||
| ||||||||||||||||
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%)
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%)
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
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
Subscribe to:
Posts (Atom)