Crashing like situation in most of the Global markets and Indian markets are trading in Red also since opening but Indian markets are not much down and outperforming therefore firstly sustaining beyond 5600(psychological level) should be watched for next immediate move confirmation.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
NIFTY-Mar Put Option(5600)-Positional Buying of 26-03-2013-Covering
NIFTY-Mar PE(5600)-Positional Bought on 26-03-2013-Cover immediately-CMP-14(Lalit39)
Technical Analysis and Market Outlook(28-03-2013)
Nifty-EOD Chart (26-Mar-2013):-
Technical Patterns and Formations in EOD charts
1- Wave v of Wave 3 completion(6111.80 on 29-01-2013)
2- and Wave 4(ABC correction) beginning
3- Wave A(5663.60 on 04-03-2012)
4- Wave A retraced 448.20 points.
5- Wave B(5971.20 on 11-03-2012)
6- Wave B gained 307.60 points
7- Wave C bottom formation at 5612.05 on 26-03-2012
8- Wave C has retraced 359.15 points yet.
9- Corrective Wave C of Wave 4 continuation.
10- 200 Day EMA at 5671
11- 200 Day DMA at 5624
12- Last 4 sessions closing betwen 200 Day DMA and EMA
Nifty-Intra Day Chart (26-Mar-2013):-
Technical Patterns and Formations in today intraday charts
1- Up moves in Bearish Rising channel
3- Whole day actual trading between 5618-5654
Short and Intermediate Term Trend are down and Long Term trend is struggling between 200 Day DMA(5624) and EMA(5671) through closing between these 2 Averages for the last 4 sessions. As selling patterns formations in the intraday charts of 27-03-2012 therefore correction continuation is expected.
Detailed analysis of EOD charts have already been updated in following topics. Just click following topic links and understand Indian Stock markets technicals:-
1- Long Term Trend is at stake
2- Correction completion confirmation after sustaining above 5672
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| Just click on chart for its enlarged view |
1- Wave v of Wave 3 completion(6111.80 on 29-01-2013)
2- and Wave 4(ABC correction) beginning
3- Wave A(5663.60 on 04-03-2012)
4- Wave A retraced 448.20 points.
5- Wave B(5971.20 on 11-03-2012)
6- Wave B gained 307.60 points
7- Wave C bottom formation at 5612.05 on 26-03-2012
8- Wave C has retraced 359.15 points yet.
9- Corrective Wave C of Wave 4 continuation.
10- 200 Day EMA at 5671
11- 200 Day DMA at 5624
12- Last 4 sessions closing betwen 200 Day DMA and EMA
Nifty-Intra Day Chart (26-Mar-2013):-
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| Just click on chart for its enlarged view |
1- Up moves in Bearish Rising channel
3- Whole day actual trading between 5618-5654
Conclusions (After Putting All Studies Together)
Short and Intermediate Term Trend are down and Long Term trend is struggling between 200 Day DMA(5624) and EMA(5671) through closing between these 2 Averages for the last 4 sessions. As selling patterns formations in the intraday charts of 27-03-2012 therefore correction continuation is expected.
Detailed analysis of EOD charts have already been updated in following topics. Just click following topic links and understand Indian Stock markets technicals:-
1- Long Term Trend is at stake
2- Correction completion confirmation after sustaining above 5672
FII & DII trading activity in Capital Market Segment on 26-Mar-2013
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Indian Stock Markets Closing Reports(26-Mar-2013)
Main features of today trading are as follows
RatiosIndex Options Put Call Ratio:0.80
Total Options Put Call Ratio:0.80
Nifty P/E Ratio(26-Mar-2013):16.97
Advances & Declines
BSE Advances : 1,255
BSE Declines : 1,495
NSE Advances : 664
NSE Declines : 838
Nifty Open Interest Changed Today
Nifty- 5500 CE(Mar)- 161,500(34.96%)
Nifty- 5500 PE(Mar)- 287,300(18.57%)
Nifty- 5600 CE(Mar)- 393,000(45.42%)
Nifty- 5600 PE(Mar)- 819,000(23.45%)
Nifty- 5700 CE(Mar)- 714,650(37.35%)
Nifty- 5700 PE(Mar)- 19,000(0.55%)
Nifty- 5800 CE(Mar)- -21,300(-0.80%)
Nifty- 5800 PE(Mar)- 5,100(0.37%)
Closing
Sensex- closed at 18,704.53(23.11 Points & 0.12%)
Nifty- closed at 5,641.60(7.75 Points & 0.14%)
CNX Midcap - closed at 7,291.05(-13.15 Points & -0.18%)
CNX Smallcap- closed at 3,085.90(-2.55 Points & -0.08%)
Nifty Spot-Levels & Trading Strategy for 28-03-2013
Nifty Spot-Levels
R3 5703
R2 5679
R1 5660
Avg 5636
S1 5617
S2 5593
S3 5574
Nifty Spot-Trading Strategy
H6 5684 Trgt 2
H5 5674 Trgt 1
H4 5664 Long breakout
H3 5652 Go Short
H2 5648
H1 5644
L1 5637
L2 5633
L3 5629 Long
L4 5617 Short Breakout
L5 5607 Trgt 1
L6 5597 Trgt 2
R3 5703
R2 5679
R1 5660
Avg 5636
S1 5617
S2 5593
S3 5574
Nifty Spot-Trading Strategy
H6 5684 Trgt 2
H5 5674 Trgt 1
H4 5664 Long breakout
H3 5652 Go Short
H2 5648
H1 5644
L1 5637
L2 5633
L3 5629 Long
L4 5617 Short Breakout
L5 5607 Trgt 1
L6 5597 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2013
Nifty(Mar Fut)-Levels
R3 5698
R2 5678
R1 5659
Avg 5639
S1 5620
S2 5600
S3 5581
Nifty(Mar Fut)-Trading Strategy
H6 5679 Trgt 2
H5 5670 Trgt 1
H4 5661 Long breakout
H3 5650 Go Short
H2 5647
H1 5643
L1 5636
L2 5632
L3 5629 Long
L4 5618 Short Breakout
L5 5609 Trgt 1
L6 5600 Trgt 2
R3 5698
R2 5678
R1 5659
Avg 5639
S1 5620
S2 5600
S3 5581
Nifty(Mar Fut)-Trading Strategy
H6 5679 Trgt 2
H5 5670 Trgt 1
H4 5661 Long breakout
H3 5650 Go Short
H2 5647
H1 5643
L1 5636
L2 5632
L3 5629 Long
L4 5618 Short Breakout
L5 5609 Trgt 1
L6 5600 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2013
Bank Nifty(Mar Fut)-Levels
R3 11350
R2 11274
R1 11216
Avg 11140
S1 11082
S2 11006
S3 10948
Bank Nifty(Mar Fut)-Trading Strategy
H6 11293 Trgt 2
H5 11262 Trgt 1
H4 11231 Long breakout
H3 11194 Go Short
H2 11182
H1 11170
L1 11145
L2 11133
L3 11121 Long
L4 11084 Short Breakout
L5 11053 Trgt 1
L6 11022 Trgt 2
R3 11350
R2 11274
R1 11216
Avg 11140
S1 11082
S2 11006
S3 10948
Bank Nifty(Mar Fut)-Trading Strategy
H6 11293 Trgt 2
H5 11262 Trgt 1
H4 11231 Long breakout
H3 11194 Go Short
H2 11182
H1 11170
L1 11145
L2 11133
L3 11121 Long
L4 11084 Short Breakout
L5 11053 Trgt 1
L6 11022 Trgt 2
NIFTY-Mar Put Option-Buying Trade
NIFTY-Mar Put Option(5600)-Buy-Positional-SL-00-TGT-40-CMP-14(Lalit39)
Pre-Closing Outlook(26-03-2013)
Although recovery from lower levels immediately after opening and continuous up moves also upto 01:30 PM but we told following line at 12:18 PM in Mid-session Outlook(26-03-2013):-
As told same happened and much up moves not seen as well as range bound trading between 5612-5654 with selling indications also in today intraday charts therefore correction continuation is expected.
much up moves are not expected
As told same happened and much up moves not seen as well as range bound trading between 5612-5654 with selling indications also in today intraday charts therefore correction continuation is expected.
Mid-session Outlook(26-03-2013)
Following line was told at today 07:48 AM in Long Term Trend is at stake
initial weakness is possible but some recovery from lower levels and intraday volatility can not be ruled out today
As told same happened and Nifty recovered 35 points from lower levels after weak opening today but up moves are without force therefore much up moves are not expected any decisive up move will not be considered until Nifty will not sustain above 5672/5702.
initial weakness is possible but some recovery from lower levels and intraday volatility can not be ruled out today
As told same happened and Nifty recovered 35 points from lower levels after weak opening today but up moves are without force therefore much up moves are not expected any decisive up move will not be considered until Nifty will not sustain above 5672/5702.
Nifty(Mar Fut)- Intraday Trading levels , Strategy and Targets for 26-03-2013
Buy at or above:-5662
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1st Targets:5678
2nd Targets:5697
3rd Targets:5716
4th Targets:5735
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Stop Loss:5643
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Sell at or below:-5643
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1st Targets:5627
2nd Targets:5609
3rd Targets:5590
4th Targets:5571
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Stop Loss:5662
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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 26-03-2013
Buy at or above:-11156
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1st Targets:11177
2nd Targets:11203
3rd Targets:11230
4th Targets:11256
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Stop Loss:11130
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Sell at or below:-11130
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1st Targets:11109
2nd Targets:11083
3rd Targets:11056
4th Targets:11030
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Stop Loss:11156
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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.
Long Term Trend is at stake
Technical Analysis and Market Outlook
Technical Analysis and Market Outlook
(26-03-2013)
Nifty-EOD Chart (25-Mar-2013):- |
| Just click on chart for its enlarged view |
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
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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
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
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.
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).
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