Long Term Trend is at stake
Technical Analysis and Market Outlook

(26-03-2013)

Nifty-EOD Chart (25-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave 2 completion and Wave 3 beginning(4770.35 on 04-06-2012)
2- Wave i(5348.55 on 10-07-2012)
3- Wave ii(5032.40 on 26-07-2012)
4- Wave iii(5815.35 on 05-10-2012) 
5- Wave iv(5548.35 on 20-11-2012)
6- Wave v(6111.80 on 29-01-2013) 
7- Wave 3 completion and Wave 4(ABC correction) beginning
8- Wave A(5663.60 on 04-03-2012)
9- Wave A retraced 448.20 points.
10- Wave B(5971.20 on 11-03-2012)
11- Wave B gained 307.60 points
12- Wave C bottom formation at 5624.40 on 25-03-2012
13- Wave C has retraced 346.80 points yet. 
13- Corrective Wave C of Wave 4 continuation.
14- 200 Day EMA at 5672
15- 200 Day DMA at 5621

Conclusions from EOD chart analysis 

ABC Waves of Wave 4 continuation and Wave A retraced 448.20 points therefore equal 100% retracement of Wave c can not be ruled out. Wave C correction continuation is expected next target is at:-

5971.20(Wave B)-448.20(Wave A lost)=5523.00 

Next strong support is at 5548.35 which is near 5523.00 therefore these 2 levels will be watched in the coming sessions for on going  Wave 4 correction completion. It should be kept in mind that Nifty has closed 3 consecutive days below 200 Day EMA(5672) therefore high risk on Long Term Trend turning down and Indian markets moving into Bear Grip. As Nifty closed between 200 Day DMA(5621) and EMA(5672) in last 3 sessions therefore sustaining beyond 5621 should also be watched because Long Term Trend is at stake.

As Wave 4 correction after Bearish Head and Shoulders pattern formations therefore until such big reversal Bullish pattern will not form till then correction will not complete and will remain continued and following retracement levels of wave 3(4770-6111) should be kept in mind:-

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

Pre-open Outlook(26-03-2013)

Sentiment is depressed today morning because some Asian markets are in Red after negative closing of US markets yesterday therefore initial weakness is possible but some recovery from lower levels and intraday volatility can not be ruled out today and until Nifty will not sustain above 5702 till then any rally will not be considered.

FII & DII trading activity in Capital Market Segment on 25-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 25-Mar-2013 3366.18 2648.29 717.89

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 25-Mar-2013 1089.57 1515.18 -425.61

Nifty Spot-Levels & Trading Strategy for 26-03-2013

Nifty Spot-Levels

R3 5786
R2 5752
R1 5692
Avg 5658
S1 5598
S2 5564
S3 5504

Nifty Spot-Trading Strategy

H6 5727     Trgt 2
H5 5705     Trgt 1
H4 5684     Long breakout
H3 5658     Go Short
H2 5650
H1 5641
L1 5624
L2 5615
L3 5607     Long
L4 5581     Short Breakout
L5 5560     Trgt 1
L6 5538     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 26-03-2013

Nifty(Mar Fut)-Levels

R3 5781
R2 5749
R1 5697
Avg 5665
S1 5613
S2 5581
S3 5529

Nifty(Mar Fut)-Trading Strategy

H6 5729     Trgt 2
H5 5710     Trgt 1
H4 5691     Long breakout
H3 5668     Go Short
H2 5660
H1 5652
L1 5637
L2 5629
L3 5621     Long
L4 5598     Short Breakout
L5 5579     Trgt 1
L6 5560     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 26-03-2013

Bank Nifty(Mar Fut)-Levels

R3 11624
R2 11512
R1 11328
Avg 11216
S1 11032
S2 10920
S3 10736

Bank Nifty(Mar Fut)-Trading Strategy

H6 11441     Trgt 2
H5 11373     Trgt 1
H4 11306     Long breakout
H3 11225     Go Short
H2 11198
H1 11171
L1 11116
L2 11089
L3 11062     Long
L4 10981     Short Breakout
L5 10914     Trgt 1
L6 10846     Trgt 2

Pre-Closing Outlook(25-03-2013)

When most Asian markets were strong and SGX Nifty was more than 50 points up then also we were not Bullish and following conclusive lines were posted today at 08:55 AM in Correction completion confirmation after sustaining above 5672

positive opening will be seen in Indian markets and sustaining above following resistances will be strong indication of correction completion otherwise Bounce Back or Pull Back Rally will be understood.

When most European markets were trading with good gains after strong opening then also we were not Bullish and told for next moves confirmation through sustaining beyond 5682-5702.

Again fast slipping below 5672 and closing again below it will mean 3rd consecutive closing below Long Term Trend decider 200 Day EMA(5672) and high risk of Indian markets moving into Bear Grip.

Mid-session Outlook(25-03-2013)

Quiet market after gap up opening between 5682-5702 in last 4 hours,sustaining beyond this range will give confirmation to Wave 4 correction continuation or completion as well as that will give confirmation to survival of Long Term Trend(200 Day EMA-5672).

Correction completion confirmation after sustaining above 5672

Technical Analysis,Research & Weekly Outlook

(Mar 25 to Mar 28,2013)

Nifty-EOD Chart (22-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Wave-3 beginning after 13 Months Wave-2 correction completion) 
2- Wave 1(5629.95 on 22-02-2012)
3- Wave 2(4770.35 on 04-06-2012)
4- Wave i(5348.55 on 10-07-2012)
5- Wave ii(5032.40 on 26-07-2012)
6- Wave iii(5815.35 on 05-10-2012) 
7- Wave iv(5548.35 on 20-11-2012)
8- Wave v(6111.80 on 29-01-2013) 
9- Wave 3 completion
10- Wave A(5663.60 on 04-03-2012)
11- Wave B(5971.20 on 11-03-2012)
12- Wave C bottom formation at 5631.80 on 22-03-2012 
13- Wave 4 correction continuation
14- 200 Day EMA at 5672 on 22-03-2012

Conclusions from EOD chart analysis 

'ABC' correction continuation after Wave v of Wave 3 completion. As correction continuation after 5 waves completion and its completion confirmation is required yet and following retracement levels of wave 3(4770-6111) should be firstly watched:-

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

Next supports are as follows:-

1- 5664
2- 5548

Wave C bottom formation at 5631.80 on 22-03-2012 and 27.0% has been completed. Previous 2 sessions closing below Long Term Trend decider 200 Day EMA(5672) and Wave 4 correction completion confirmation is requird yet therefore sustaining beyond 5672 should be firstly watched in next week for first indication of Wave C of  Wave 4 completion.

Pre-open Outlook(25-03-2013)

Most Asian markets are strong today after US markets closing with good gains last Friday therefore positive opening will be seen in Indian markets and sustaining above following resistances will be strong indication of correction completion otherwise Bounce Back or Pull Back Rally will be understood.

1- 5676-5690
2- 5731-6777
3- 5820-5850

Blog will be updated tomorrow

Live Proofs of our Accurate Predictions

Nifty slipped continuously and traded most time in Red but we told 4 times for that bounce back means sharp up move which was seen after 02:25 PM:-

1-We told at 11:28 AM- "bounce back expectations turned alive today"

2-We told at 01:22 PM-"bounce back expectations are still alive"

3-We told at 01:51 PM-"bounce back expectations are still alive"

4-We told at 02:18 PM-"bounce back expectations are still alive"

Just click on above mentioned time links and verify on yours own

Not only yesterday but 'Archive' at the bottom of Blog' is live proof of more than hundreds of such accurate and miraculous predictions in last 3 years. Anyone can verify this facts anytime from the Blog 'Archive'.

Pre-Closing Outlook-2(22-03-2013)

As all the European market slipped fast after weak opening therefore Indian markets also broken down today lowest(5641) but today intraday patterns are showing good consolidations patterns therefore bounce back expectations are still alive and next immediate down moves will be considered only after sustaining below 5641. 

Pre-Closing Outlook(22-03-2013)

Narrow range quiet market between 5641-5676 today with intraday consolidation patterns and some selling patterns indications also at higher levels but volatility also after weak opening of European markets. As intraday patterns are showing good consolidations patterns therefore bounce back expectations are still alive but some selling also at higher levels as well as Global markets weakness therefore valid break out today trading range will be next immediate move confirmation.

Mid-session Outlook-2(22-03-2013)

Although trading most time in Red during last 3 hours but intraday patterns are showing good consolidations patterns also therefore bounce back expectations are still alive.

Mid-session Outlook(22-03-2013)

Intraday recovery after lower levels consolidations but some selling patterns indications also in last half hour therefore both buying and selling positions between 5641-5676 today and follow up moves this range as well as its valid break out will be next immediate move confirmation.

Post-open Outlook(22-03-2013)

Most Global markets are weak but Indian markets traded most time in Green in first hour today therefore outperformed. First hour completely range bound trading between 5650-5676 but slipped and now trading in Red after forming new intraday low 10 minutes before. As intraday charts are showing consolidation indications therefore bounce back expectations turned alive today. Let on going down moves stop and develop the signals of Short Term Trend reversal some up moves will be considered.

Fresh shorting at these levels will be risky.

Nifty(Mar Fut)- Intraday Trading levels , Strategy and Targets for 22-03-2013

 -------------------------------------------------
Buy at or above:-5681
-------------------------------
1st Targets:5697
2nd Targets:5716
3rd Targets:5735
4th Targets:5754
-------------------------------
Stop Loss:5662
-------------------------------------------------
Sell at or below:-5662
-------------------------------
1st Targets:5646
2nd Targets:5627
3rd Targets:5609
4th Targets:5590
-------------------------------
Stop Loss:5681
-------------------------------------------------
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.

Bank Nifty(Mar Fut)- Intraday Trading levels,Strategy and Targets for 22-03-2013

-------------------------------------------------
Buy at or above:-11262
-------------------------------
1st Targets:11283
2nd Targets:11309
3rd Targets:11336
4th Targets:11363
-------------------------------
Stop Loss:11236
-------------------------------------------------
Sell at or below:-11236
-------------------------------
1st Targets:11215
2nd Targets:11188
3rd Targets:11162
4th Targets:11135
-------------------------------
Stop Loss:11262
-------------------------------------------------
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.

Technical Analysis and Market Outlook(22-03-2013)

Nifty-Intra Day Chart (21-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly bounce back after after UPA Govt. favouring decision by Mulayam Singh Yadav.
2- Selling between 5735-5757 
3- Whole day actual trading between 5650-5757

Conclusions from intra day chart analysis 

Just click following topic links for the analysis of detailed technical analysis:-

1- Correction Continuation after Pull Back rally termination(Updated on 18-03-2013)
2- Testing possibility of 5672(Updated on 20-03-2013)

Although firstly down moves and bounce back after UPA Govt. favouring decision by Mulayam Singh Yadav but emergence of selling could not sustain above 1st resistance(5745) and continuous down moves in last more than 2 hours. Huge selling at higher levels in last more than 3 months with Bearish Head and Shoulders formation and today closing below Long Term Trend decider 200-Day EMA(5672) means high possibility of its turning down.

As 200-Day EMA breaking down was due to negative news of political uncertainly therefore sustaining below 5672 has also to be watched in the next 2/3 sessions for the confirmation of Long Term Trend turning down and beginning of Bear phase. Complete consolidation patterns are required on EOD charts for the beginning of decisive up moves but Pull Back rally can not be ruled out any day after intraday and 2/3 days consolidations.

View is cautious because high possibility of Long Term Trend turning down through finally sustaining below 5672.

FII Trading Data in Derivatives Segment on 21-Mar-2013

FII & DII trading activity in Capital Market Segment on 21-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 21-Mar-2013 3469.45 3101.14 368.31

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Mar-2013 1249.68 1279.76 -30.08

Nifty Spot-Levels & Trading Strategy for 22-03-2013

Nifty Spot-Levels

R3 5837
R2 5797
R1 5727
Avg 5687
S1 5617
S2 5577
S3 5507

Nifty Spot-Trading Strategy

H6 5768     Trgt 2
H5 5743     Trgt 1
H4 5718     Long breakout
H3 5688     Go Short
H2 5678
H1 5668
L1 5647
L2 5637
L3 5627     Long
L4 5597     Short Breakout
L5 5572     Trgt 1
L6 5547     Trgt 2