As Core inflation reduced therefore recovery from lower levels on rate cut expectations by RBI in Credit Policy on 19 March 2013. Nifty is trading above immediate resistance(5893) for the last 1 hour and it is strong indication of strength. Market showed good enthusiasm after inflation data and it may remain continued up to Credit Policy as well as follow up trading positions tomorrow and next Monday will decide next trend but should be kept in mind that any decisive up trend will be possible after valid break out above 5970 and till then range bound market is expected between 5792-5970.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(14-03-2013)
Following Formula was posted first time today:-
Profits=Our today Outlook+Intraday Trading Strategy,levels and Targets for 14-03-2013
That correction is being seen today which was clearly told not only yesterday but being updated since 08-03-2013. WPI data today and it may lead volatility,any decisive up move will be considered only above 5970
Profits=Our today Outlook+Intraday Trading Strategy,levels and Targets for 14-03-2013
That correction is being seen today which was clearly told not only yesterday but being updated since 08-03-2013. WPI data today and it may lead volatility,any decisive up move will be considered only above 5970
Intraday Trading Strategy,levels and Targets for 14-03-2013
Buy at or above:-5870
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1st Targets:5888
2nd Targets:5907
3rd Targets:5927
4th Targets:5947
Stop Loss:5852
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Sell at or below:-5852
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1st Targets:5835
2nd Targets:5815
3rd Targets:5796
4th Targets:5775
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Stop Loss:5870
-------------------------------
Trading guidance:-
1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.
6- Firstly go through today Outlooks also for better profits and more accuracy.
Correction Continuation
Nifty-Intra Day Chart (13-Mar-2013):-
Technical Patterns and Formations in today intraday charts
1- First 5 hours selling between 5874-5893
2- Closing near lower levels of the day.
3- Whole day actual trading between 5843-5893
Although Nifty closed with good gains on 08-03-2013 but we were not convinced and clearly showed our doubts on further up moves and told following lines on 09-03-2013 in 'Trading within Range Market and not Trending'
Although strong rally on 08-03-2013 but without intraday charts complete consolidations and on the back of strong Global cues therefore market is not prepared for next sustained up moves. As Nifty traded between and below next resistance(5940-5970) with intraday charts selling patterns formations also therefore Nifty is not prepared for decisive up moves above 5970.
Nifty honored our above statement and reversed from 5971.30 in this week. We told only for Pull Back rally completion and more down moves in almost all the Outlooks since 08-03-2013,anyone can verify this fact from "Archieve at the bottom of Blog" because we always tell with those proofs which no one can deny.
We clearly told for down moves yesterday also and told following lines in Technical Analysis and Market Outlook(13-03-2013)
1- possibility of Pull Back rally termination as well as down moves in the coming sessions.
2- despite more down moves possibility.
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| Just click on chart for its enlarged view |
1- First 5 hours selling between 5874-5893
2- Closing near lower levels of the day.
3- Whole day actual trading between 5843-5893
Conclusions from intra day chart analysis
Although Nifty closed with good gains on 08-03-2013 but we were not convinced and clearly showed our doubts on further up moves and told following lines on 09-03-2013 in 'Trading within Range Market and not Trending'
Although strong rally on 08-03-2013 but without intraday charts complete consolidations and on the back of strong Global cues therefore market is not prepared for next sustained up moves. As Nifty traded between and below next resistance(5940-5970) with intraday charts selling patterns formations also therefore Nifty is not prepared for decisive up moves above 5970.
Nifty honored our above statement and reversed from 5971.30 in this week. We told only for Pull Back rally completion and more down moves in almost all the Outlooks since 08-03-2013,anyone can verify this fact from "Archieve at the bottom of Blog" because we always tell with those proofs which no one can deny.
We clearly told for down moves yesterday also and told following lines in Technical Analysis and Market Outlook(13-03-2013)
1- possibility of Pull Back rally termination as well as down moves in the coming sessions.
2- despite more down moves possibility.
As was continuously told same happened in first 5 hours today and selling was seen between 5874-5893 after gap down opening and closing near lower levels of the day as well as more down moves will be seen in the coming sessions. As selling markets remains more volatile therefore some up moves may be seen from lower levels but today good selling between 5874-5893 and this range has become immediate resistance,until Nifty will not sustain above it till then next up move will not be considered.
FII & DII trading activity in Capital Market Segment on 13-Mar-2013
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Indian Stock Markets Closing Reports(13-Mar-2013)
Main features of today trading are as follows
Ratios
Index Options Put Call Ratio: 1.37
Total Options Put Call Ratio: 1.30
Nifty P/E Ratio(13-Mar-2013): 17.64
Advances & Declines
BSE Advances : 960
BSE Declines : 1,930
NSE Advances : 403
NSE Declines : 1,115
Nifty Open Interest Changed Today
Nifty- 5600 CE(Mar)- -2,450(-0.56%)
Nifty- 5600 PE(Mar)- 1,418,100(15.46%)
Nifty- 5700 CE(Mar)- -95,400(-7.23%)
Nifty- 5700 PE(Mar)- 1,092,050(9.10%)
Nifty- 5800 CE(Mar)- 753,150(25.74%)
Nifty- 5800 PE(Mar)- -922,400(-8.66%)
Nifty- 5900 CE(Mar)- 894,450(16.28%)
Nifty- 5900 PE(Mar)- -608,450(-8.39%)
Closing
Sensex- closed at 19,362.55(-202.37 Points & -1.03%)
Nifty- closed at 5,851.20(-62.90 Points & -1.06%)
CNX Midcap - closed at 7,728.10(-79.85 Points & -1.02%)
CNX Smallcap- closed at 3,317.30(-44.15 Points & -1.31%)
Nifty Spot-Levels & Trading Strategy for 14-03-2013
Nifty Spot-Levels
R3 5933
R2 5913
R1 5882
Avg 5862
S1 5831
S2 5811
S3 5780
Nifty Spot-Trading Strategy
H6 5902 Trgt 2
H5 5890 Trgt 1
H4 5879 Long breakout
H3 5865 Go Short
H2 5860
H1 5855
L1 5846
L2 5841
L3 5836 Long
L4 5822 Short Breakout
L5 5811 Trgt 1
L6 5799 Trgt 2
R3 5933
R2 5913
R1 5882
Avg 5862
S1 5831
S2 5811
S3 5780
Nifty Spot-Trading Strategy
H6 5902 Trgt 2
H5 5890 Trgt 1
H4 5879 Long breakout
H3 5865 Go Short
H2 5860
H1 5855
L1 5846
L2 5841
L3 5836 Long
L4 5822 Short Breakout
L5 5811 Trgt 1
L6 5799 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 14-03-2013
Nifty(Mar Fut)-Levels
R3 5960
R2 5938
R1 5902
Avg 5880
S1 5844
S2 5822
S3 5786
Nifty(Mar Fut)-Trading Strategy
H6 5925 Trgt 2
H5 5912 Trgt 1
H4 5898 Long breakout
H3 5882 Go Short
H2 5877
H1 5872
L1 5861
L2 5856
L3 5851 Long
L4 5835 Short Breakout
L5 5822 Trgt 1
L6 5808 Trgt 2
R3 5960
R2 5938
R1 5902
Avg 5880
S1 5844
S2 5822
S3 5786
Nifty(Mar Fut)-Trading Strategy
H6 5925 Trgt 2
H5 5912 Trgt 1
H4 5898 Long breakout
H3 5882 Go Short
H2 5877
H1 5872
L1 5861
L2 5856
L3 5851 Long
L4 5835 Short Breakout
L5 5822 Trgt 1
L6 5808 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 14-03-2013
Bank Nifty(Mar Fut)-Levels
R3 12229
R2 12139
R1 11981
Avg 11891
S1 11733
S2 11643
S3 11485
Bank Nifty(Mar Fut)-Trading Strategy
H6 12071 Trgt 2
H5 12015 Trgt 1
H4 11959 Long breakout
H3 11891 Go Short
H2 11868
H1 11845
L1 11800
L2 11777
L3 11754 Long
L4 11686 Short Breakout
L5 11630 Trgt 1
L6 11574 Trgt 2
R3 12229
R2 12139
R1 11981
Avg 11891
S1 11733
S2 11643
S3 11485
Bank Nifty(Mar Fut)-Trading Strategy
H6 12071 Trgt 2
H5 12015 Trgt 1
H4 11959 Long breakout
H3 11891 Go Short
H2 11868
H1 11845
L1 11800
L2 11777
L3 11754 Long
L4 11686 Short Breakout
L5 11630 Trgt 1
L6 11574 Trgt 2
Technical Analysis and Market Outlook(13-03-2013)
Nifty-Intra Day Chart (12-Mar-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5938-5950
1- Support between 5894-5912
3- Whole day actual trading between 5894-5950
Although down moves were seen today but We clearly told again and again only for down moves in almost all the previous 4 days Outlooks. Importance of next resistance range(5940-5970) was also updated in almost all the topics since 09-03-2013 and more than 8 nours trading was seen between this range in last 2 sessions. As selling seen therefore mentioned resistance range has become stronger and possibility of Pull Back rally termination as well as down moves in the coming sessions.
WPI inflation on 14 and RBI credit policy on 19 March therefore coming sessions may be volatile news generated follow up moves will be watched and will be updated accordingly. Valid break out of 5890-5970 will be next trend firstly strong indication therefore should be firstly watched in the coming sessions despite more down moves possibility.
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| Just click on chart for its enlarged view |
1- Selling between 5938-5950
1- Support between 5894-5912
3- Whole day actual trading between 5894-5950
Conclusions from intra day chart analysis
Although down moves were seen today but We clearly told again and again only for down moves in almost all the previous 4 days Outlooks. Importance of next resistance range(5940-5970) was also updated in almost all the topics since 09-03-2013 and more than 8 nours trading was seen between this range in last 2 sessions. As selling seen therefore mentioned resistance range has become stronger and possibility of Pull Back rally termination as well as down moves in the coming sessions.
WPI inflation on 14 and RBI credit policy on 19 March therefore coming sessions may be volatile news generated follow up moves will be watched and will be updated accordingly. Valid break out of 5890-5970 will be next trend firstly strong indication therefore should be firstly watched in the coming sessions despite more down moves possibility.
FII & DII trading activity in Capital Market Segment on 12-Mar-2013
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Nifty Spot-Levels & Trading Strategy for 13-03-2013
Nifty Spot-Levels
R3 6024
R2 5988
R1 5965
Avg 5929
S1 5906
S2 5870
S3 5847
Nifty Spot-Trading Strategy
H6 6001 Trgt 2
H5 5987 Trgt 1
H4 5974 Long breakout
H3 5958 Go Short
H2 5952
H1 5947
L1 5936
L2 5931
L3 5925 Long
L4 5909 Short Breakout
L5 5896 Trgt 1
L6 5882 Trgt 2
R3 6024
R2 5988
R1 5965
Avg 5929
S1 5906
S2 5870
S3 5847
Nifty Spot-Trading Strategy
H6 6001 Trgt 2
H5 5987 Trgt 1
H4 5974 Long breakout
H3 5958 Go Short
H2 5952
H1 5947
L1 5936
L2 5931
L3 5925 Long
L4 5909 Short Breakout
L5 5896 Trgt 1
L6 5882 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 13-03-2013
Nifty(Mar Fut)-Levels
R3 6031
R2 6003
R1 5970
Avg 5942
S1 5909
S2 5881
S3 5848
Nifty(Mar Fut)-Trading Strategy
H6 5998 Trgt 2
H5 5984 Trgt 1
H4 5970 Long breakout
H3 5953 Go Short
H2 5948
H1 5942
L1 5931
L2 5925
L3 5920 Long
L4 5903 Short Breakout
L5 5889 Trgt 1
L6 5875 Trgt 2
R3 6031
R2 6003
R1 5970
Avg 5942
S1 5909
S2 5881
S3 5848
Nifty(Mar Fut)-Trading Strategy
H6 5998 Trgt 2
H5 5984 Trgt 1
H4 5970 Long breakout
H3 5953 Go Short
H2 5948
H1 5942
L1 5931
L2 5925
L3 5920 Long
L4 5903 Short Breakout
L5 5889 Trgt 1
L6 5875 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 13-03-2013
Bank Nifty(Mar Fut)-Levels
R3 12432
R2 12327
R1 12215
Avg 12110
S1 11998
S2 11893
S3 11781
Bank Nifty(Mar Fut)-Trading Strategy
H6 12322 Trgt 2
H5 12273 Trgt 1
H4 12223 Long breakout
H3 12163 Go Short
H2 12143
H1 12123
L1 12084
L2 12064
L3 12044 Long
L4 11984 Short Breakout
L5 11934 Trgt 1
L6 11885 Trgt 2
R3 12432
R2 12327
R1 12215
Avg 12110
S1 11998
S2 11893
S3 11781
Bank Nifty(Mar Fut)-Trading Strategy
H6 12322 Trgt 2
H5 12273 Trgt 1
H4 12223 Long breakout
H3 12163 Go Short
H2 12143
H1 12123
L1 12084
L2 12064
L3 12044 Long
L4 11984 Short Breakout
L5 11934 Trgt 1
L6 11885 Trgt 2
Mid-session Outlook(12-03-2013)
We clearly told only for down moves in almost all the previous Outlooks and it was seen today as well as we gave following range on 09-03-2013 in Trading within Range Market and not Trending;-
Nifty honored our above given range and traded till now between 5,893.65-5971.30. As both buying and selling seen within this range therefore expected that Nifty will trade more time within this range and its valid break out will decide next trend.
5890-5970(First indication)
Nifty honored our above given range and traded till now between 5,893.65-5971.30. As both buying and selling seen within this range therefore expected that Nifty will trade more time within this range and its valid break out will decide next trend.
NIFTY-Mar Put Option(5900)-Positional Buying of 11-03-2013-Covering
NIFTY-Mar PE(5900)-Positional Bought on 11-03-2013-Cover and book profit immediately-CMP-62.50(Lalit39)
NIFTY-Mar Put Option(5900)-Positional Buying of 11-03-2013-Message
NIFTY-Mar PE(5900)-Bought on 11-03-2013-IIP data today and Market will be volatile. Just hold and cover after my covering message(Lalit39)
Down moves with Pull Back rally completion Possibility
Nifty-Intra Day Chart (11-Mar-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5950-5970
2- Lower levels minor supports.
3- Whole day actual trading between 5950-5970
Although lower levels minor supports but higher levels good selling therefore down moves will be seen tomorrow and possibility of Pull Back rally completion also because selling was seen today between resistance range(5940-5970). Follow up selling and sustaining below 5970 will be more down moves after Pull Back rally completion confirmations.
 |
| Just click on chart for its enlarged view |
1- Selling between 5950-5970
2- Lower levels minor supports.
3- Whole day actual trading between 5950-5970
Conclusions from intra day chart analysis
Although lower levels minor supports but higher levels good selling therefore down moves will be seen tomorrow and possibility of Pull Back rally completion also because selling was seen today between resistance range(5940-5970). Follow up selling and sustaining below 5970 will be more down moves after Pull Back rally completion confirmations.
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