Nifty(Mar Fut)-Levels & Trading Strategy for 08-03-2013

Nifty(Mar Fut)-Levels

R3 6009
R2 5956
R1 5922
Avg 5869
S1 5835
S2 5782
S3 5748

Nifty(Mar Fut)-Trading Strategy

H6 5977     Trgt 2
H5 5956     Trgt 1
H4 5936     Long breakout
H3 5912     Go Short
H2 5904
H1 5896
L1 5881
L2 5873
L3 5865     Long
L4 5841     Short Breakout
L5 5821     Trgt 1
L6 5800     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 08-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12282
R2 12164
R1 12095
Avg 11977
S1 11908
S2 11790
S3 11721

Bank Nifty(Mar Fut)-Trading Strategy

H6 12215     Trgt 2
H5 12172     Trgt 1
H4 12128     Long breakout
H3 12077     Go Short
H2 12060
H1 12043
L1 12008
L2 11991
L3 11974     Long
L4 11923     Short Breakout
L5 11879     Trgt 1
L6 11836     Trgt 2

Pre-Closing Outlook(07-03-2013)

As Nifty is trading between resistance range(5800-5895) and fresh consolidation is required for any up move therefore up moves are slow. Although Nifty slipped below 5828 but lower levels good consolidations today and yesterday therefore until Nifty will not sustain below 5796 till then any down move will not be considered and sustaining above 5828 will be strong indication of up moves continuation. 

Mid-session Outlook(07-03-2013)

Clear consolidations patterns at lower levels today and some intraday up moves were also seen after positive opening of European markets. As intraday selling was seen at higher levels yesterday therefore some more consolidations are required for valid break out above yesterday highs(5828). Fresh up moves expectations turned alive after lower levels consolidations today and only valid break out above 5828 should be watched now for fresh up moves confirmations.

Post-open Outlook(07-03-2013)

Following lines were told yesterday in Technical Analysis and Market Outlook(07-03-2013):-

1- good selling at higher levels today and follow up selling tomorrow will mean firstly down moves toward 5665 after completion of Bounce back.
2- As mixed intraday positions today therefore Nifty will firstly trade and prepare for next moves between today trading range.
3- Although down moves below 5796 are expected but valid break out of 5796-5828 should be watched tomorrow for next moves confirmations.

Down moves were expected and Nifty is trading in Red since opening today with lowest formation at 5801.30. Valid break out of 5796-5828 should be firstly watched today for next trend confirmations.

Technical Analysis and Market Outlook(07-03-2013)

Nifty-Intra Day Chart (06-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5796-5802
2- Selling between 5818-5828
3- Whole day actual trading between 5796-5828 

Conclusions from intra day chart analysis 

Strong Global cues led gap up opening and slow up moves after lower levels supports but higher levels good selling also despite closing near intraday higher levels. As mixed intraday positions today therefore Nifty will firstly trade and prepare for next moves between today trading range. It should be kept in mind that good selling at higher levels today and follow up selling tomorrow will mean firstly down moves toward 5665 after completion of Bounce back. 

Although down moves below 5796 are expected but valid break out of 5796-5828 should be watched tomorrow for next moves confirmations. 

FII & DII trading activity in Capital Market Segment on 06-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 06-Mar-2013 3505.68 2981.63 524.05

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Mar-2013 938.92 1538.91 -599.99

Nifty Spot-Levels & Trading Strategy for 07-03-2013

Nifty Spot-Levels

R3 5865
R2 5846
R1 5832
Avg 5813
S1 5799
S2 5780
S3 5766

Nifty Spot-Trading Strategy

H6 5851     Trgt 2
H5 5843     Trgt 1
H4 5836     Long breakout
H3 5827     Go Short
H2 5824
H1 5821
L1 5814
L2 5811
L3 5808     Long
L4 5799     Short Breakout
L5 5792     Trgt 1
L6 5784     Trgt 2

FII Trading Data in Derivatives Segment on 06-Mar-2013

Nifty(Mar Fut)-Levels & Trading Strategy for 07-03-2013

Nifty(Mar Fut)-Levels

R3 5891
R2 5870
R1 5855
Avg 5834
S1 5819
S2 5798
S3 5783

Nifty(Mar Fut)-Trading Strategy

H6 5877     Trgt 2
H5 5868     Trgt 1
H4 5860     Long breakout
H3 5850     Go Short
H2 5847
H1 5844
L1 5837
L2 5834
L3 5831     Long
L4 5821     Short Breakout
L5 5813     Trgt 1
L6 5804     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 07-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12033
R2 11988
R1 11955
Avg 11910
S1 11877
S2 11832
S3 11799

Bank Nifty(Mar Fut)-Trading Strategy

H6 12000     Trgt 2
H5 11982     Trgt 1
H4 11964     Long breakout
H3 11943     Go Short
H2 11936
H1 11929
L1 11914
L2 11907
L3 11900     Long
L4 11879     Short Breakout
L5 11861     Trgt 1
L6 11843     Trgt 2

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