Mid-session Outlook-2(06-03-2013)

Following lines have been told in both previous Outlooks:-

1- lacking strength and view is cautious because emergence of selling signals also
2- As today up moves are without required force and it is selling signal therefore view is cautious
3- As consolidations are required for decisive up moves and continuation of yesterday started rally therefore Nifty will prepare for next moves between 5795-5821 and break out of this range will give confirmation of market reaction toward mentioned resistance.
4- valid break out of mentioned range will give next trend confirmations and should be firstly watched.

Although Nifty moved and traded half hour above 5821 as well as formed intraday high at 5,828.25 but again slipped below 5821 and then again traded at 5811. At present lower levels supports and higher levels selling confirmations between 5795-5828 and follow up moves within this range in the coming hours as well as valid break out of 5795-5828 should be watched now for next moves confirmations.

Mid-session Outlook(06-03-2013)

As today up moves are without required force and it is selling signal therefore view is cautious. Nifty is trading between resistance range(5800-5895) and intraday corrections with consolidations are required for decisive up moves within this range. 

Nifty firstly traded at 5821 within 1st minute of opening and since then trading below it after forming lowest at 5795.05. As consolidations are required for decisive up moves and continuation of yesterday started rally therefore Nifty will prepare for next moves between 5795-5821 and break out of this range will give confirmation of market reaction toward mentioned resistance and:-

1- Above 5821 will mean up moves after possibility of follow up consolidations within resistance range.
2- Below 5795 will mean down moves and strengthening of resistance.

Follow up moves in the coming hours and valid break out of mentioned range will give next trend confirmations and should be firstly watched.

Post-open Outlook(06-03-2013)

Positive zone trading after after good gap up opening but lacking strength and view is cautious because emergence of selling signals also.

Technical Analysis and Market Outlook(06-03-2013)

Nifty-Intra Day Chart (05-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 5725-5740 
2- Consolidation Patterns between 5747-5757 
3- Whole day actual trading between 5725-5789

Conclusions from intra day chart analysis 

Whole day up moves with lower level consolidations and closing near higher levels of the day but multiple resistances between 5800-5895 therefore more consolidation is required for any decisive up moves between and above this range. Intermediate and Short term trends are down and Long Term Trend is up,Pull Back Rally continuation after panic bottom formation after Budget and more up moves will be seen also because no selling seen yesterday. Lot of consolidations between 5800-5895 and more confirmations are required for the projection of rally formations,let it happen then will be updated accordingly. Firstly following retracement levels should be watched for the targets of on going up moves:-

27.0%- 5784
38.2%- 5834(Most crucial)
50.0%- 5887(Most crucial)
61.8%- 5940(Most crucial)
70.7%- 5980

FII & DII trading activity in Capital Market Segment on 05-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-Mar-2013 3439.84 3219.05 220.79

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Mar-2013 1164.08 1408.88 -244.8

FII Trading Data in Derivatives Segment on 05-Mar-2013

Nifty Spot-Levels & Trading Strategy for 06-03-2013

Nifty Spot-Levels

R3 5876

R2 5833

R1 5808

Avg 5765

S1 5740

S2 5697

S3 5672

Nifty Spot-Trading Strategy

H6 5852     Trgt 2 

H5 5837     Trgt 1

H4 5821     Long breakout 

H3 5802     Go Short 

H2 5796

H1 5790

L1 5777

L2 5771

L3 5765     Long 

L4 5746     Short Breakout 

L5 5730     Trgt 1 

L6 5715     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 06-03-2013

Nifty(Mar Fut)-Levels

R3 5909

R2 5858

R1 5830

Avg 5779

S1 5751

S2 5700

S3 5672

Nifty(Mar Fut)-Trading Strategy

H6 5882     Trgt 2 

H5 5863     Trgt 1

H4 5845     Long breakout 

H3 5823     Go Short 

H2 5816

H1 5809

L1 5794

L2 5787

L3 5780     Long 

L4 5758     Short Breakout 

L5 5740     Trgt 1 

L6 5721     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 06-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12118

R2 11988

R1 11914

Avg 11784

S1 11710

S2 11580

S3 11506

Bank Nifty(Mar Fut)-Trading Strategy

H6 12047     Trgt 2 

H5 11999     Trgt 1

H4 11952     Long breakout 

H3 11896     Go Short 

H2 11877

H1 11858

L1 11821

L2 11802

L3 11783     Long 

L4 11727     Short Breakout 

L5 11680     Trgt 1 

L6 11632     Trgt 2

Pre-Closing Outlook(05-03-2013)

As extremely busy therefore Mid-session Outlooks could not be updated today

Only Up moves,Bounce back or Pull Back rally was told in almost all the previous Outlooks and Benchmark Indices are more than 1.3% up today. As multiple resistances between 5800-5895 therefore more consolidation is required for any decisive up moves above it. Today rally has not shown any selling formation yet therefore more up moves possibility is still alive

Technical Analysis and Market Outlook(05-03-2013)

Nifty-Intra Day Chart (04-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5667-5685
2- Whole day actual trading between 5667-5708 

Conclusions from intra day chart analysis 

As same view therefore being repeated which was told in following lines yesterday in Pre-Closing Outlook:-

"lower levels supports and consolidations patterns but up moves were without force and it is selling  signal therefore valid break out above 5704 should be firstly watched now for the  possibility of bounce back or Pull Back rally"

FII & DII trading activity in Capital Market Segment on 04-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Mar-2013 3422.48 3452.58 -30.1

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Mar-2013 958.88 1069.96 -111.08

FII Trading Data in Derivatives Segment on 04-Mar-2013

Nifty Spot-Levels & Trading Strategy for 05-03-2013

Nifty Spot-Levels

R3 5768
R2 5740
R1 5719
Avg 5691
S1 5670
S2 5642
S3 5621

Nifty Spot-Trading Strategy

H6 5747     Trgt 2
H5 5736     Trgt 1
H4 5724     Long breakout
H3 5711     Go Short
H2 5706
H1 5702
L1 5693
L2 5689
L3 5684     Long
L4 5671     Short Breakout
L5 5659     Trgt 1
L6 5648     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 05-03-2013

Nifty(Mar Fut)-Levels

R3 5781

R2 5753

R1 5734

Avg 5706

S1 5687

S2 5659

S3 5640

Nifty(Mar Fut)-Trading Strategy

H6 5763     Trgt 2 

H5 5752     Trgt 1

H4 5741     Long breakout 

H3 5728     Go Short 

H2 5724

H1 5720

L1 5711

L2 5707

L3 5703     Long 

L4 5690     Short Breakout 

L5 5679     Trgt 1 

L6 5668     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 05-03-2013

Bank Nifty(Mar Fut)-Levels

R3 11842

R2 11749

R1 11686

Avg 11593

S1 11530

S2 11437

S3 11374

Bank Nifty(Mar Fut)-Trading Strategy

H6 11780     Trgt 2 

H5 11744     Trgt 1

H4 11708     Long breakout 

H3 11665     Go Short 

H2 11651

H1 11637

L1 11608

L2 11594

L3 11580     Long 

L4 11537     Short Breakout 

L5 11501     Trgt 1 

L6 11465     Trgt 2

Pre-Closing Outlook(04-03-2013)

Trading near higher levels(5704) of today after lower levels supports and consolidations patterns but up moves were without force and it is selling  signal therefore valid break out above 5704 should be firstly watched now for the  possibility of bounce back or Pull Back rally.

Mid-session Outlook-2(04-03-2013)

Although lower levels supports and consolidations patterns formation but signals of selling patterns also at higher levels today.  Valid break out of today trading range(5668-5704) should be firstly watched for next immediate moves confirmations.

Mid-session Outlook(04-03-2013)

Negative zone trading since opening between 5668-5704 with lower levels supports and consolidation patterns formations therefore emergence of some up moves possibilities. As lot of consolidation is required for decisive up moves and Indian markets are in the grip of as well therefore valid break out of mentioned today trading range should be firstly watched for next immediate moves confirmations.

Long Term Trend Decider 5548

Technical Analysis,Research & Weekly Outlook

(Mar 04 to Mar 08,2013)

Nifty-EOD Chart (01-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4770.35 on 04-06-2012(Corrective Wave-2 completion and impulsive Wave-3 beginning)
2- Sub Wave-1(5348.55 on 10-07-2012)
3- Sub Wave-2(5032.40 on 26-07-2012)
4- Sub Wave-3(5815.35 on 05-10-2012)
5- Sub Wave-4(5548.35 on 20-11-2012)
6- Sub Wave-5(6111.80 on 29-01-2013)
7- 'ABC' correction after Sub Wave-5 completion.-
8- Wave-A(5853.90 on 15-02-2013)
9- Wave-B(5971.00 on 20-02-2013)
10- Wave-C continuation(5671.90 on 28-02-2013)
11- Correction after Bearish Head and Shoulders pattern formations in 61 sessions with Neckline at 5823
11- Strong Support at 5548.35. 
12- 200 Day EMA-5650.

Conclusions from EOD chart analysis 

Most Bearish Head and Shoulders pattern formations in 61 sessions and its neckline broken down confirmation through sustaining below 5823 in previous week. As Correction after Sub Wave-5 completion at 6111.80 therefore whole up moves will be corrected which started from 4770.35 on 04-06-2012 and firstly complete retracement of Sub Wave-5 which begun from 5548.35 can not be ruled. Although Long Term Trend decider 200 Day EMA is at 5650 but possibility of slipping below also. As strong support at 5548.35 therefore finally sustaining it beyond will decide Long Term Trend in the coming week.  

Following Fibonacci Retracement Levels should be watched for completion of on going correction:-

13.0%- 5936 (Corrected)
23.6%- 5794 (Corrected)
27.0%- 5748 (Corrected)
38.2%- 5598 (Most crucial Levels)
50.0%- 5440 (Most crucial Levels)
61.8%- 5282 (Most crucial Levels)
70.7%- 5162
76.4%- 5086
78.6%- 5056
88.6%- 4922

Short Term Indicators are oversold therefore Pull Back Rally may be seen any day after some intraday or 1/2 days consolidations but complete consolidations are required for decisive up moves and crossing multiple resistances at higher levels.

Pre-open Outlook(04-03-2013)

Following conclusive line was told in Pre-Closing Outlook on 01-03-2013:-

"As intraday selling also at higher levels today therefore more down moves possibility is still alive"

As Nifty traded narrow between 5692-5739 last Friday with higher levels selling therefore more down moves possibility toward 5548 today,

FII Trading Data in Derivatives Segment on 01-Mar-2013