Post-closing Report(25-03-2011) & Monday Outlook

Trend reversal after forceful Break out today and it was expected also today therefore following lines were told in the Blog in Pre-Open Market Outlook today:-

"Nifty sustaining above 5600 will mean worst is over and then fast rally toward 5900 will be seen after completion of correction."

Intraday charts of today clearly told for rally therefore following lines were told in the Blog at 11:46AM today:-

"1st two hours Intra Day charts are suggesting consolidations and possibility of rally above 5600 turns higher."

Following bullish moves and confirmations seen today;-

1- 2 months range broken out
2- 200-Day EMA crossed forcefully
3- Long term and Intermediate term trends turned up after 2 months today. 
4- The correction which started from Diwali-2010,has been completed today. 
5- Today rally gave confirmation to 5th Wave which started on 11-02-2011 from 5178.

2 Months Range & Pennant Break Out Chart:-

Just click on chart for its enlarged view

Nifty F&O data of today as follows 

Put Call Ratio- 1.05

Open Interest Changed Today

Nifty- 5500 CE(31MAR2011)- -1289100(--23.62%)
Nifty- 5500 PE(31MAR2011)- +570950(+8.08%)

Nifty- 5600 CE(31MAR2011)- -1629950(-25.85%)
Nifty- 5600 PE(31MAR2011)- +4256850(+168.59%)

Nifty- 5700 CE(31MAR2011)- -303950(-4.39%)
Nifty- 5700 PE(31MAR2011)- +2583700(549.78%)

Today Closing

Sensex- closed at 18,815.64(+464.90 Points & +2.53% )
Nifty- closed at 5654.25(+131.85 Points & +2.39%)
CNX MIDCAP - closed at 7824.15(+76.95 Points & +0.99%)
BSE SMALL CAP- closed at 8,001.63(+80.79 Points & +1.02%)


Monday(28-03-2011) Outlook

Indian markets bullish developments have been discussed above. Next immediate multiple resistances are between 5680-5900 and Indian markets have to consolidate between this range but today break out after 2 months consolidations is confirmation of correction completion. Fresh Rally begining and Wave 5 got confirmations today.

Sentiment will be heated therefore profit booking possibility can not be ruled out but rally will remain continued after fresh consolidations. 21st March 2011 started rally minimum target is 5911 and minor intraday correction is also possible in the process of consolidation and up moves may be slow but up trend will remain intact.

Nifty Spot-Levels & Trading Strategy for 28-03-2011

Nifty Spot-Levels

R3 5801
R2 5734
R1 5694
Avg 5627
S1 5587
S2 5520
S3 5480

Nifty Spot-Trading Strategy

H6 5762     Trgt 2
H5 5737     Trgt 1
H4 5712     Long breakout
H3 5683     Go Short
H2 5673
H1 5663
L1 5644
L2 5634
L3 5624     Long
L4 5595     Short Breakout
L5 5570     Trgt 1
L6 5545     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2011

Nifty(Mar Fut)-Levels

R3 5847
R2 5770
R1 5725
Avg 5648
S1 5603
S2 5526
S3 5481

Nifty(Mar Fut)-Trading Strategy

H6 5804     Trgt 2
H5 5775     Trgt 1
H4 5747     Long breakout
H3 5713     Go Short
H2 5702
H1 5691
L1 5668
L2 5657
L3 5646     Long
L4 5612     Short Breakout
L5 5584     Trgt 1
L6 5555     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2011

Bank Nifty(Mar Fut)-Levels

R3 11918
R2 11706
R1 11578
Avg 11366
S1 11238
S2 11026
S3 10898

Bank Nifty(Mar Fut)-Trading Strategy

H6 11800     Trgt 2
H5 11719     Trgt 1
H4 11638     Long breakout
H3 11544     Go Short
H2 11513
H1 11482
L1 11419
L2 11388
L3 11357     Long
L4 11264     Short Breakout
L5 11182     Trgt 1
L6 11101     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(28-03-2011 to 01-04-2011)

Nifty Spot-Weekly Levels

R3 6083
R2 5875
R1 5764
Avg 5556
S1 5445
S2 5237
S3 5126

Nifty Spot-Weekly Trading Strategy 

H6 5991     Trgt 2
H5 5910     Trgt 1
H4 5829     Long breakout
H3 5741     Go Short
H2 5712
H1 5683
L1 5624
L2 5595
L3 5566     Long
L4 5478     Short Breakout
L5 5397     Trgt 1
L6 5316.    Trgt 2

FII Trading Data in Derivatives Segment on 25-Mar-2011

FII & DII trading activity in Capital Market Segment on 25-Mar-2011

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-2011 3305.51 1859.33 1446.18

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-2011 1298.97 1612.74 -313.77

Pre-closing Outlook(25-03-2011)

Following line was told in Pre-Open Market Outlook today

Nifty sustaining above 5600 will mean worst is over and then fast rally toward 5900 will be seen after completion of correction. 

Following line was told in Pre-Open Market Outlook today

5580 was told trend decider and Nifty is trading a little below since opening today. 1st two hours Intra Day charts are suggesting consolidations and possibility of rally above 5600 turns higher.

Conclusions-

1- Correction started from Diwali 2010.
2- Correction has been completed in 40 sessions range bound moves.
3- Rally started today toward minimum 5900.

(Detailed analysis will be posted in "Post-closing Report(25-03-2011) & Tomorrow Outlook" today and in "weekly" in next 2 days)

Mid-session Outlook-2(25-03-2011)

When Nifty was trading below 5580 then following line was told today:-

1st two hours Intra Day charts are suggesting consolidations and possibility of rally above 5600 turns higher.

Intraday high formed at 5625.25 today

Break out and rally expected above 5600 now.

Mid-session Outlook(25-03-2011)

5580 was told trend decider and Nifty is trading a little below since opening today. 1st two hours Intra Day charts are suggesting consolidations and possibility of rally above 5600 turns higher.

Next rally confirmation point left is only crossing and sustaining above 5580.

5580 is Strong Rally Decider

Pre-Open Market Outlook(25-03-2011)

Technical positions,Supports,Resistances,F&O data and levels have already been discussed in "Post-closing Report(24-03-2011) & Tomorrow Outlook" yesterday  therefore not being repeated today.

US markets closed with good gains yesterday and all the Asian markets are positive today morning,sentiment strong therefore positive opening and Nifty will first hover around 5550 and in the begining.  Nifty will trade in last resistance range(5540-5580) and today follow up buying and consolidation will give confirmation to yesterday buying and consolidation.

Following lines were told in yesterday Pre-Open Outlook that

"Pennant formation in EOD chart and its break out will give first strong indication of next Indian markets moves and confirmation points will be sustaining beyong 5400 or 5600."

1- Pennant up side break out in EOD Chart:-

Just click on chart for its enlarged view

Pennant up side break out seen yesterday and if Nifty sustains above trend line then it will be strong indication of rally and then market above 5600 will be expected.

Indian markets will participate Global markets rally after gap up opening and will trade in last resistance range today. Nifty retraced 2 times from 5600 in last 2 months therefore today intraday consolidation is must. Nifty sustaining above 5600 will mean worst is over and then fast rally toward 5900 will be seen after completion of correction. 

Bullish sentiment is high and only cautious approach is required at the top of last 2 months range. Today consolidation and sustaining above 5580 will pave the way of Indian mrkets strong rally toward minimum 5900.

Post-closing Report(24-03-2011) & Tomorrow Outlook

Gap up opening,whole day trading within resistance range(5500-5535) and closing near the top of the day today. Nifty intraday charts of today is indicating some selling signals and pivotal stocks are showing also mixed patterns. I mean to say that some stocks are showing clear buying formations and some are showing selling formations also.

Nifty F&O data of today as follows 

Put Call Ratio- 1.17

Open Interest Changed Today

Nifty- 5500 CE(31MAR2011)- -163600(-2.65%)
Nifty- 5500 PE(31MAR2011)- +1311650(+22.07%)

Nifty- 5600 CE(31MAR2011)- -251400(-3.7300%)
Nifty- 5600 PE(31MAR2011)- +990100(+59.61%)

Today Closing

Sensex- closed at 18350.74(+144.58 Points & +0.79% )
Nifty- closed at 5522.40(+42.15 Points & +0.77%%)
CNX MIDCAP - closed at 7,747.20(+46.10 Points & +0.60%)
BSE SMALL CAP- closed at 7868.13(+52.71 Points & +0.67%)

Nifty Intra Day Chart of Today:-

Just click on chart for its enlarged view

Tomorrow(25-03-2011) Outlook

Immediate Resistances are as follows:-

1- 5500-5535 
2- 5540-5580

It seems that global markets have discounted all the bad news of last one month and started to recover and Indian markets are also following suit. Intraday charts of today are showing mixed patterns and Nifty PUT options positions building today are suggesting follow up buying and more consolidations requirements for sustained up moves because next and strong resistance range is just above today trading range.

Nifty has retraced from 5600 earlier and complete consolidations require in the coming sessions between 5500-5580 for sustained rally above 5600. Let clear signals develop and intraday charts show buying patterns then moves above 5600 will get confirmations.

Next move indication range is 5500-5580. Just watch sustaining beyond this range for next moves confirmations.    

FII Trading Data in Derivatives Segment on 24-Mar-2011

FII & DII trading activity in Capital Market Segment on 24-Mar-2011

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 24-Mar-2011 2238.75 1930.93 307.82

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Mar-2011 1451.34 1073.22 378.12

Nifty Spot-Levels & Trading Strategy for 25-03-2011

Nifty Spot-Levels

R3 5568
R2 5548
R1 5535
Avg 5515
S1 5502
S2 5482
S3 5469

Nifty Spot-Trading Strategy

H6 5555     Trgt 2
H5 5547     Trgt 1
H4 5540     Long breakout
H3 5531     Go Short
H2 5528
H1 5525
L1 5518
L2 5515
L3 5512     Long
L4 5503     Short Breakout
L5 5496     Trgt 1
L6 5488     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 25-03-2011

Nifty(Mar Fut)-Levels

R3 5605
R2 5579
R1 5562
Avg 5536
S1 5519
S2 5493
S3 5476

Nifty(Mar Fut)-Trading Strategy

H6 5588     Trgt 2
H5 5578     Trgt 1
H4 5568     Long breakout
H3 5556     Go Short
H2 5552
H1 5548
L1 5541
L2 5537
L3 5533     Long
L4 5521     Short Breakout
L5 5511     Trgt 1
L6 5501     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 25-03-2011

Bank Nifty(Mar Fut)-Levels

R3 11307
R2 11221
R1 11172
Avg 11086
S1 11037
S2 10951
S3 10902

Bank Nifty(Mar Fut)-Trading Strategy

H6 11259     Trgt 2
H5 11228     Trgt 1
H4 11197     Long breakout
H3 11160     Go Short
H2 11147
H1 11135
L1 11110
L2 11098
L3 11085     Long
L4 11048     Short Breakout
L5 11017     Trgt 1
L6 10986     Trgt 2

India's food inflation at 10.05 pct y/y on March 12-govt

India's food price index rose 10.05 percent and the fuel price index climbed 12.79 percent in the year to March 12, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 9.42 percent and 12.79 percent.

The primary articles price index was up 13.53 percent, compared with an annual rise of 12.31 percent a week earlier.

The wholesale price index-based inflation , the most widely watched gauge of prices in India , unexpectedly quickened an annual 8.31 percent in February from 8.23 percent in January.

Mid-session Outlook(24-03-2011)

Global markets are strong,Sentiment is heated and Nifty is trading within next resistance range(5500-5535) after gap up opening today. As sentiment is heated therefore profit booking possibility should also be kept in mind and next move final conclusion should be drawn after break out of mentioned resistance range.

Post-open Outlook(24-03-2011)

Nifty forcefully entered and trading within resistance range 5500-5535, Follow up buying and Consolidation required within this range today,its confirmation and first strong up move indication will come above 5535..

Pre-Open Market Outlook(24-03-2011)

Pennant formation in EOD chart and its break out will give first strong indication of next Indian markets moves and confirmation points will be sustaining beyong 5400 or 5600.

1- EOD chartshowing Pennant Pattern:-

Just click on chart for its enlarged view

US markets closed with good gains yesterday therefore Asian markets are positive today morning. It seens that global markets have recovered from Middle-East and Japanese shocks and now started up moves. Indian markets tolerated worst news and maitained within last 38 sessions range(5200-5600).

Technical positions,Supports,Resistances and levels have already been discussed in "Post-closing Report(23-03-2011) & Tomorrow Outlook" therefore not being repeated today.

Next moves deciding range is 5455-5535. Immediate resistances above 5500 and immediate supports below 5500 also. Nifty will hover around 5500,prepare for next moves and sustaining above or below will be next moves first indication. Let market prepare for next moves and get first indication after crossing of 5455-5535.