NATURAL GAS-Mar Fut-Sell-Intraday/Positional-SL-197.60 & TGT-192.10-CMP-195.40(Lalit39)
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
US and European markets triggered strong Rally today
1- At 01:15 PM- Dow Futures was trading at 14348 and moved up sharply to 14388 within 30 minutes.
2- At 01:15 PM- Dax Futures was trading at 7969 and moved up sharply to 7999 within 30 minutes.
3- At 12:25 PM- FTSE 100 Futures was trading at 6445 and moved up sharply to 6470 within 85 minutes.
4- At 12:25 PM- CAC 40 Futures was trading at 3803 and moved up sharply to 3825 within 85 minutes.
Indian markets consolidated at higher levels after strong gap up opening of all European markets and now trading between next resistance range(5940-5970). Rally continuation after clearing of resistances but multiple resistances up to 6111 therefore will consolidate firstly before next up move.
2- At 01:15 PM- Dax Futures was trading at 7969 and moved up sharply to 7999 within 30 minutes.
3- At 12:25 PM- FTSE 100 Futures was trading at 6445 and moved up sharply to 6470 within 85 minutes.
4- At 12:25 PM- CAC 40 Futures was trading at 3803 and moved up sharply to 3825 within 85 minutes.
Nifty was trading at 5906 at 01:15 PM and moved up sharply to 5929 within 30 minutes exactly in lines with US and European markets.
Indian markets consolidated at higher levels after strong gap up opening of all European markets and now trading between next resistance range(5940-5970). Rally continuation after clearing of resistances but multiple resistances up to 6111 therefore will consolidate firstly before next up move.
Once clearing of 5970 will mean strong rally continuation in next week.
Mid-session Outlook-2(08-03-2013)
Most time trading between 5899-5914 today and this range was firstly broken down after some higher levels selling but again moved into mentioned range after lowest formation at 5892. Now broken out and new high formation at 5924. Intraday volatility and only sustaining beyond 5899-5915 will be next moves confirmation.
Now trading above 5815 and sustaining it above will mean rally continuation toward next resistance range(5940-5970)
Now trading above 5815 and sustaining it above will mean rally continuation toward next resistance range(5940-5970)
Mid-session Outlook(08-03-2013)
Nifty is trading above previous resistance range(5800-5895) for the last 2 hours. Next resistance ranges are as follows:-
1- 5900-5915
2- 5940-5970
Nifty is again trading between resistance range(5900-5915) for the last more than 2 hours and valid break out of this range will decide next stronger trend. Although emergence of selling signals also but confirmation is also required through valid break out.
1- 5900-5915
2- 5940-5970
Nifty is again trading between resistance range(5900-5915) for the last more than 2 hours and valid break out of this range will decide next stronger trend. Although emergence of selling signals also but confirmation is also required through valid break out.
Mid-session Outlook(08-03-2013)
Nifty is trading between 5899-5914 for the last 2 hours after gap up opening and this range break out will be next immediate trend confirmation. Intermediate term trend will be up above 5971.
Post-open Outlook(08-03-2013)
Rally continuations and now trading at 5913 after clearing of resistance above 5895 but buying should be done after intraday correction completion because sharp surge immediately after opening and some profit booking is possible at higher levels.
Technical Analysis and Market Outlook(08-03-2013)
Nifty-Intra Day Chart (07-Mar-2013):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 5803-5823.
2- Whole day actual trading between 5803-5875.
Long Term Trend is up,Intermediate Term Trend is down and Short Term Trend turned up after lower levels good consolidations and rally within resistance range(5800-5895) yesterday. As Short Term Indicators were oversold therefore Pull Back Rally was due and it was seen yesterday and until intraday selling patterns will not develop till then its continuation will be expected. As no intraday selling seen therefore up moves continuation willl be expected.
Nifty traded 61 previous sessions between 5823-6111 with Bearish Head and Shoulders pattern formations and its Neckline(5823) as well as 61 sessions range broken down on 26-03-2013 but Nifty reentered mentioned range yesterday after passing 7 sessions below 5823. As Nifty Slipped below 5823 after good higher levels selling in 61 sessions therefore strong resistances up to 6110 and complete follow up consolidation is required for up moves continuation. As up moves continuation after 'ABC' waves formations therefore correction completion possibility will also be considered.
Pre-open Outlook(08-03-2013)
Sentiment is heated today after yesterday rally and strong moves in some Asian markets therefore profit booking possibility can not be ruled out today and firstly mentioned resistance range(5800-5895) valid break out should be watched for next rally confirmations.
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1- Consolidation between 5803-5823.
2- Whole day actual trading between 5803-5875.
Conclusions from intra day chart analysis
Long Term Trend is up,Intermediate Term Trend is down and Short Term Trend turned up after lower levels good consolidations and rally within resistance range(5800-5895) yesterday. As Short Term Indicators were oversold therefore Pull Back Rally was due and it was seen yesterday and until intraday selling patterns will not develop till then its continuation will be expected. As no intraday selling seen therefore up moves continuation willl be expected.
Nifty traded 61 previous sessions between 5823-6111 with Bearish Head and Shoulders pattern formations and its Neckline(5823) as well as 61 sessions range broken down on 26-03-2013 but Nifty reentered mentioned range yesterday after passing 7 sessions below 5823. As Nifty Slipped below 5823 after good higher levels selling in 61 sessions therefore strong resistances up to 6110 and complete follow up consolidation is required for up moves continuation. As up moves continuation after 'ABC' waves formations therefore correction completion possibility will also be considered.
Pre-open Outlook(08-03-2013)
Sentiment is heated today after yesterday rally and strong moves in some Asian markets therefore profit booking possibility can not be ruled out today and firstly mentioned resistance range(5800-5895) valid break out should be watched for next rally confirmations.
FII & DII trading activity in Capital Market Segment on 01-Mar-2013
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Nifty Spot-Levels & Trading Strategy for 08-03-2013
Nifty Spot-Levels
R3 5970
R2 5924
R1 5893
Avg 5847
S1 5816
S2 5770
S3 5739
Nifty Spot-Trading Strategy
H6 5940 Trgt 2
H5 5923 Trgt 1
H4 5905 Long breakout
H3 5884 Go Short
H2 5877
H1 5870
L1 5855
L2 5848
L3 5841 Long
L4 5820 Short Breakout
L5 5802 Trgt 1
L6 5785 Trgt 2
R3 5970
R2 5924
R1 5893
Avg 5847
S1 5816
S2 5770
S3 5739
Nifty Spot-Trading Strategy
H6 5940 Trgt 2
H5 5923 Trgt 1
H4 5905 Long breakout
H3 5884 Go Short
H2 5877
H1 5870
L1 5855
L2 5848
L3 5841 Long
L4 5820 Short Breakout
L5 5802 Trgt 1
L6 5785 Trgt 2
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
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
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.
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):-
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
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.
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| Just click on chart for its enlarged view |
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
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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
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
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
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
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
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