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NIFTY-JAN F&O-1ST BUYING OF 21-01-2011-TRADE
NIFTY(JAN FUT-BUY-POSITIONAL)SL-5674-TGT-5774-CMP-5696
NIFTY(JAN CALL OPTION-BUY-BTST)-S.P.FOR CALL-5700,5800-NIFTY(JAN FUT)-RATES ARE
FOR SL-5674-TGT-5774 FOR ALL OPTIONS-CMP-5696
Mid-session outlook(21-01-2011)
As told for profit booking immediately after opening today,same is seen and Nifty could not sustained at higher levels and slipped. Selling confirmation between 5695-5714 and this range is resistance also. As good support at lower level also therefore expected that Nifty will hover today between 5650-5695 and prepare for next moves. Good buying at lower levels and good selling also higher level today therefore both side moves are capped and it will be better to wait for break out of 5650-5695.
Post-open outlook(21-01-2011)
Profit booking signals since morning therefore view is cautious today.
NIFTY-JAN F&O-1ST BUYING OF 20-01-2011-COVERING
NIFTY JAN F & O(BOUGHT ON 20-01-2011)-COVER IMMEDIATELY-CMP-5700(WE SHALL BUY AGAIN BUT FIRST COVER)
Trading Strategy for Nifty(Jan Fut)-21-01-2011
H6 5830 Trgt 2
H5 5804 Trgt 1
H4 5779 Long breakout
H3 5748 Go Short
H2 5738
H1 5728
L1 5707
L2 5697
L3 5687 Go Long
L4 5656 Short Breakout
L5 5631 Trgt 1
L6 5605 Trgt 2
NIFTY-JAN F&O-1ST BUYING OF 20-01-2011-COVERING
NIFTY JAN F & O(BOUGHT ON 20-01-2011)-GLOBAL MARKETS WEAK TODAY MORNING BUT HOLD AND JUST WAIT FOR MY COVERING MESSAGE
Trading Levels for 21-01-11
Nifty Spot Levels for 21-01-11
R3 5561
R2 5598
R1 5655
AVG 5692
S1 5749
S2 5786.
S3 5843
Nifty Jan Futures Levels for 21-01-11
R3 5540
R2 5586
R1 5652
AVG 5698
S1 5764
S2 5810
S3 5876
Bank Nifty Jan Futures Levels for 21-01-11
R3 11403
R2 11156
R1 10990
AVG 10743
S1 10577
S2 10330
S3 10164
Bull has taken charge
Pre-Open Market Outlook(21-01-2011)
As Weekly,EOD and intraday charts are not suggesting bearish markets therefore no weakness projections were posted even yesterday when all the global markets were in deep Red but on the contrary bullish indications were given in following words:-
1- Pre-open outlook- View is bullish for the reasons expressed in last 3 days outlooks
2- Post-open outlook(10:42 am)- Indian markets out performing global markets today
Nifty traded most of the time within 5630-5745 in last 4 sessions snd this range break out will decide survival of 200 Day EMA and long term trend of Indian markets therefore intraday positions within this range of last 5 sessions shown in following intraday chart:-
1- 5 days intraday chart:-
(Just click on chart for its enlarged view)
As base formation seen at lower levels therefore finally upside break out of last 4 days range expected as well as long term up trend will also survive and also expected that strong rally will be seen after mentioned range break out and completion on intermediate term correction.
Opening will depend on global cues and expected that Nifty will sustain above 5700 finally and Green closing will be seen today.
NIFTY-JAN F&O-1ST BUYING OF 20-01-2011-TRADE
NIFTY(JAN FUT-BUY-BTST)SL-5674-TGT-5774-CMP-5718
NIFTY(JAN CALL OPTION-BUY-BTST)-S.P.FOR CALL-5700,5800-NIFTY(JAN FUT)-RATES ARE FOR SL-5674-TGT-5774 FOR ALL OPTIONS-CMP-5718
Post-open outlook(20-01-2011)
The range of 5640-5665 was given in Pre-open outlook-2 today for confirmation of next move in completely depressed sentiment. Nifty traded first one and half hour within this range and crossed 5665 without dipping below 5640. Indian markets out performing global markets today and it seems today that Indian markets got support within mentioned range. Sustaining above 5665 will be watched first for next immediate move confirmation as well as long term trend confirmations.
Pre-open outlook(20-01-2011)
All the global markets are crashed therefore sentiment is completely depressed today morning and retesting of 200-day EMA(5649) is possible today. 5640-5665 is next strong support range and sustaining below 5640 will mean high risk of long term trend turning down.
Expected that Nifty will trade first near 5640-5665 after weak opening today and sustaining beyond will be watched next move confirmations.
Expected that Nifty will trade first near 5640-5665 after weak opening today and sustaining beyond will be watched next move confirmations.
Pre-Open Market Outlook(20-01-2011)
Sentiment heated due to Union Cabinet reshuffle news therefore voltality seen after profit booking at higher levels and buyinng at lower levels within 5665-5690 yesterday. Pull back rally started from Monday and Nifty was volatile after intraday profit booking and buying within 5665-5745 yesterday. As support seen at lower levels also therefore Monday begun pull back rally is still alive and yesterday range break out will be next move confirmation.
Although Indian markets closed in Red yesterday and sentiment is also depressed but following points will also be kept in mind for deciding next trend:-
1- Bullish Wave-3 is on.
2- Long term trend is still up.
3- 2011 down moves are the result of last week non-stop negative news and not the result of genuine selling.
Support and Correction completion signals seen on Previous Monday and Tuesday but yesterday patterns are showing mixed formations therefore next moves will be decided from follow up moves of today. I mean to say that if follow up selling develops today then minimum 200-Day EMA retesting will be seen and today follow up buying will mean continuation of Monday started rally.
Today trading range will be 5665-5745 and expected that Nifty will prepare first within this range for next moves. Let market prepare then final conclusions will be drawn after today intraday charts analysis.
View is bullish for the reasons expressed in last 3 days outlooks.
Although Indian markets closed in Red yesterday and sentiment is also depressed but following points will also be kept in mind for deciding next trend:-
1- Bullish Wave-3 is on.
2- Long term trend is still up.
3- 2011 down moves are the result of last week non-stop negative news and not the result of genuine selling.
Support and Correction completion signals seen on Previous Monday and Tuesday but yesterday patterns are showing mixed formations therefore next moves will be decided from follow up moves of today. I mean to say that if follow up selling develops today then minimum 200-Day EMA retesting will be seen and today follow up buying will mean continuation of Monday started rally.
Today trading range will be 5665-5745 and expected that Nifty will prepare first within this range for next moves. Let market prepare then final conclusions will be drawn after today intraday charts analysis.
View is bullish for the reasons expressed in last 3 days outlooks.
Trading Strategy for Nifty(Jan Fut)-20-01-2011
H6 5782 Trgt 2
H5 5761 Trgt 1
H4 5740 Long breakout
H3 5715 Go Short
H2 5706
H1 5698
L1 5680
L2 5672
L3 5663 Go Long
L4 5638 Short Breakout
L5 5617 Trgt 1
L6 5596 Trgt 2
Trading Levels for 20-01-11
Nifty Spot Levels for 20-01-11
R3 5823
R2 5785
R1 5738
AVG 5700
S1 5653
S2 5615
S3 5568
Nifty Jan Futures Levels for 20-01-11
R3 5834
R2 5794
R1 5741
AVG 5701
S1 5648
S2 5608
S3 5555
Bank Nifty Jan Futures Levels for 20-01-11
R3 10899
R2 10822
R1 10725
AVG 10648
S1 10551
S2 10474
S3 10377
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