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
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
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
NIFTY-JAN F&O-1ST BUYING OF 19-01-2011-TRADE
NIFTY(JAN FUT-BUY-POSITIONAL)SL-5719-TGT-5791-CMP-5742
NIFTY(JAN CALL OPTION-BUY-POSITIONAL)-S.P.FOR CALL-5700,5800-NIFTY(JAN FUT)-RATES ARE FOR SL-5719-TGT-5791 FOR ALL OPTIONS-CMP-5742
NIFTY(JAN CALL OPTION-BUY-POSITIONAL)-S.P.FOR CALL-5700,5800-NIFTY(JAN FUT)-RATES ARE FOR SL-5719-TGT-5791 FOR ALL OPTIONS-CMP-5742
Mid-session outlook-(19-01-2011)
Market not showing strength since opening today and profit booking signals seen at higher levels today. Confirmation required from the break out of 5710-5739.
Trading Strategy for Nifty(Jan Fut)-19-01-2011
H6 5802.74 Trgt 2
H5 5786.62 Trgt 1
H4 5770.50 Long breakout
H3 5751.25 Go Short
H2 5744.83
H1 5738.42
L1 5725.58
L2 5719.17
L3 5712.75 Go Long
L4 5712.75 Short Breakout
L5 5677.38 Trgt 1
L6 5661.26 Trgt 2
Trading Levels for 19-01-11
Nifty Spot Levels for 19-01-11
R3 5806
R2 5768
R1 5746
AVG 5708
S1 5686
S2 5648
S3 5626
Nifty Jan Futures Levels for 19-01-11
R3 5828
R2 5785
R1 5758
AVG 5715
S1 5688
S2 5645
S3 5618
Bank Nifty Jan Futures Levels for 19-01-11
R3 10879
R2 10789
R1 10712
AVG 10622
S1 10545
S2 10455
S3 10378
NIFTY-JAN F&O-1ST BUYING OF 18-01-2011-COVERING
NIFTY JAN F & O(BOUGHT ON 18-01-2011)--COVER IMMEDIATELY-CMP-5733
NIFTY JAN F & O(BOUGHT ON 18-01-2011)MESSAGE
NIFTY JAN F & O(BOUGHT ON 18-01-2011)-MARKETS WILL BE VOLATILE THEREFORE HOLD & COVER ONLY AFTER MY COVERING MESSAGE
Rally is On
Pre-Open Market Outlook(19-01-2011)
When most of the market participants was bearish then bullish outlook was projected in following lines in last 2 sessions:-
1- In weekly Outlook on 17-01-2011- Firstly detailed analysis of 200-Day EMA discussed and then in conclusive lines told that:-
"200-Day EMA is next trend decider therefore will be watched first for next moves confirmations but expected that finally Nifty will sustain above and fresh rally will be seen within couple of weeks"
2- In Pre-Open Market Outlook(18-01-2011):-
1- intraday charts showing consolidation patterns within 5640-5690
2- consolidated within 5640-5690 yesterday therefore until Nifty will not sustain below 5640 after fresh selling patterns till then any down move will not be considered.
3- As per my view Indian markets are well prepared for bounce back/V-Shaped recovery/Pull Back Rally and that will be seen from any day in this week.
4- finally Green closing expected today.
Bullish outlook has already been presented in daily and weekly charts analysis in last 2 day days and now intraday charts will confirm next moves therefore yesterday intraday chart analysis is being posted now. 3 following bullish Formations seen in 18-01-2011 Intraday Chart:-
1- Rounding Bottom Support
2- Falling Trendline Break out
3- Support at Falling Trendline
1- 3 Bullish Formations in 18-01-2011 Intraday Chart:-
Down moves started from 05-01-2011 and since then last 10 days intraday charts patterns are as follows:-
1- First 4 sessions fall in "Water fall patterns" on the back of negative news flow and without any specific resistance.
2- Resistance within 5810-5870.
3- Good consolidation within 5635-5700 in last 3 sessions.
2-10 days intraday Analysis chart:-
Conclusions
Strong indications of correction completion and 100% confirmation point will be crossing of next resistance range(5810-5870) as well as zooming up of Indian markets expected after this break out.
Positive market with Green closing expected today.
When most of the market participants was bearish then bullish outlook was projected in following lines in last 2 sessions:-
1- In weekly Outlook on 17-01-2011- Firstly detailed analysis of 200-Day EMA discussed and then in conclusive lines told that:-
"200-Day EMA is next trend decider therefore will be watched first for next moves confirmations but expected that finally Nifty will sustain above and fresh rally will be seen within couple of weeks"
2- In Pre-Open Market Outlook(18-01-2011):-
1- intraday charts showing consolidation patterns within 5640-5690
2- consolidated within 5640-5690 yesterday therefore until Nifty will not sustain below 5640 after fresh selling patterns till then any down move will not be considered.
3- As per my view Indian markets are well prepared for bounce back/V-Shaped recovery/Pull Back Rally and that will be seen from any day in this week.
4- finally Green closing expected today.
Bullish outlook has already been presented in daily and weekly charts analysis in last 2 day days and now intraday charts will confirm next moves therefore yesterday intraday chart analysis is being posted now. 3 following bullish Formations seen in 18-01-2011 Intraday Chart:-
1- Rounding Bottom Support
2- Falling Trendline Break out
3- Support at Falling Trendline
1- 3 Bullish Formations in 18-01-2011 Intraday Chart:-
Down moves started from 05-01-2011 and since then last 10 days intraday charts patterns are as follows:-
1- First 4 sessions fall in "Water fall patterns" on the back of negative news flow and without any specific resistance.
2- Resistance within 5810-5870.
3- Good consolidation within 5635-5700 in last 3 sessions.
2-10 days intraday Analysis chart:-
Conclusions
Strong indications of correction completion and 100% confirmation point will be crossing of next resistance range(5810-5870) as well as zooming up of Indian markets expected after this break out.
Positive market with Green closing expected today.
Pull Back Rally Consolidation Pattern
Consolidation pattern on 17-01-2011
Indian markets consolidated within 5640-5690 whole day on 17-01-2011 and after analysis of intraday patterns following lines were told in Pre-Open Market Outlook(18-01-2011):-
1- intraday charts showing consolidation patterns within 5640-5690
2- consolidated within 5640-5690 yesterday therefore until Nifty will not sustain below 5640 after fresh selling patterns till then any down move will not be considered.
3- As per my view Indian markets are well prepared for bounce back/V-Shaped recovery/Pull Back Rally and that will be seen from any day in this week.
4- finally Green closing expected today.
Indian markets consolidated within 5640-5690 whole day on 17-01-2011 and after analysis of intraday patterns following lines were told in Pre-Open Market Outlook(18-01-2011):-
1- intraday charts showing consolidation patterns within 5640-5690
2- consolidated within 5640-5690 yesterday therefore until Nifty will not sustain below 5640 after fresh selling patterns till then any down move will not be considered.
3- As per my view Indian markets are well prepared for bounce back/V-Shaped recovery/Pull Back Rally and that will be seen from any day in this week.
4- finally Green closing expected today.
Sensex up 224 points, good corporate results help sentiments
Just click on above heading for detailed news
NIFTY-JAN F&O-1ST BUYING OF 18-01-2011-TRADE
NIFTY(JAN F&O-BUY-POSITIONAL)S.P.FOR CALL-5700.5800-BUY AT CMP-5727 (SL AND TGT WILL BE POSTED TOMORROW)
Mid-session outlook-(18-01-2011)
Nifty trading between 5675-5720 since opening today and selling indications seen at higher levels today. As selling indications at higher levels therefore mentioned range will be watched cautiously. Although minor higher level selling indications but feeling litle support at lower level also. Wait and watch policy wil be the best at this moment. Let market prepare within mentioned range and its break out will be next immediate moves confirmations. View is still bullish.
NIFTY-JAN F&O-2ND BUYING OF 17-01-2011-COVERING
NIFTY JAN F & O(BOUGHT ON 17-01-2011)-COVER AND BOOK PROFIT IMMEDIATELY-CMP-5715
Pull Back Rally is On Cards
Pre-Open Market Outlook(18-01-2011)
Long term trend decider 200-Day EMA is at 5648 and Nifty traded most of the time above it yesterday. Nifty got support 6 times at 5640 and closed at 5655 with Doji formation and intraday charts showing consolidation patterns within 5640-5690 yesterday.
Daily Indicators and Averages Analysis:
1-Averages- Nifty is hovering around 200-Day EMA and its sustaining beyond will confirm Long term trend and that will be dcided within this week.
2-Bollinger Band- is at lower band after fast slipping from upper band. As at lower band therefore indicating high up moves possibilities.
3- MACD- Both lines are sliding in negative zone. MACD line is below Average line and gap between both lines increased. As big divergence between both lines therefore up moves possibilities are high to converge both lines accor/ding to its nature.
4-ROC- Entered into oversold zone therefore indicating up moves possibility.
5-RSI- Sliding and resting at oversold line therefore indicating up moves possibility after little more time passing here..
6-Slow Stochastic & William %R- Very short term indicators with lines in oversold for the last 6 sessions. As this indicator does not remain too much time in oversold area and moves up fast after getting support from other indicators. As other indicators are also showing upmoves preperation therefore these are mature for very short term up moves.
Daily Indicators and Averages chart-
Indicators analysis is showing that Indian markets are very much technically prepared for minimum a Pull Back Rally. Indian markets out performed global markets and consolidated within 5640-5690 yesterday therefore until Nifty will not sustain below 5640 after fresh selling patterns till then any down move will not be considered. Detailed analysis has already been posted yesterday in weekly- 17-01-2011 to 21-01-2011 and indicators analysis has been posted today. As per my view Indian markets are well prepared for bounce back/V-Shaped recovery/Pull Back Rally and that will be seen from any day in this week.
Opening will depend on global cues but finally Green closing expected today.
Long term trend decider 200-Day EMA is at 5648 and Nifty traded most of the time above it yesterday. Nifty got support 6 times at 5640 and closed at 5655 with Doji formation and intraday charts showing consolidation patterns within 5640-5690 yesterday.
Daily Indicators and Averages Analysis:
1-Averages- Nifty is hovering around 200-Day EMA and its sustaining beyond will confirm Long term trend and that will be dcided within this week.
2-Bollinger Band- is at lower band after fast slipping from upper band. As at lower band therefore indicating high up moves possibilities.
3- MACD- Both lines are sliding in negative zone. MACD line is below Average line and gap between both lines increased. As big divergence between both lines therefore up moves possibilities are high to converge both lines accor/ding to its nature.
4-ROC- Entered into oversold zone therefore indicating up moves possibility.
5-RSI- Sliding and resting at oversold line therefore indicating up moves possibility after little more time passing here..
6-Slow Stochastic & William %R- Very short term indicators with lines in oversold for the last 6 sessions. As this indicator does not remain too much time in oversold area and moves up fast after getting support from other indicators. As other indicators are also showing upmoves preperation therefore these are mature for very short term up moves.
Daily Indicators and Averages chart-
Indicators analysis is showing that Indian markets are very much technically prepared for minimum a Pull Back Rally. Indian markets out performed global markets and consolidated within 5640-5690 yesterday therefore until Nifty will not sustain below 5640 after fresh selling patterns till then any down move will not be considered. Detailed analysis has already been posted yesterday in weekly- 17-01-2011 to 21-01-2011 and indicators analysis has been posted today. As per my view Indian markets are well prepared for bounce back/V-Shaped recovery/Pull Back Rally and that will be seen from any day in this week.
Opening will depend on global cues but finally Green closing expected today.
Monetary policy management becoming tougher: RBI governor
Just click on above heading for detailed news
India Facing Inflation `Surge,' Subbarao Says Before Interest-Rate Policy
Just click on above heading for detailed news
NIFTY-JAN F&O-2ND BUYING OF 17-01-2011-TRADE
NIFTY(JAN FUT-BUY-POSITIONAL)SL-5624-TGT-5744-CMP-5660
NIFTY(JAN CALL OPTION-BUY-POSITIONAL)-S.P.FOR CALL-5600,5700-NIFTY(JAN FUT)-RATES ARE FOR SL-5624-TGT-5744 FOR ALL OPTIONS-CMP-5660
NIFTY(JAN CALL OPTION-BUY-POSITIONAL)-S.P.FOR CALL-5600,5700-NIFTY(JAN FUT)-RATES ARE FOR SL-5624-TGT-5744 FOR ALL OPTIONS-CMP-5660
Mid-session outlook-(17-01-2011)
Highly volatile within narrow range market today and holding above 200-Day EMA despite weaker global cues. Today trading ranges 5635-5695 and this range break out will give first strong indication for deciding long term trend.
Although indian markets are trading in Red today but out performing all global markets and mentioned today range break out will give next move confirmation therefore is break out should be watched but today intraday patterns are suggesting buyingand support at lower levels therefore up move possibilities from here is still alive.
Although indian markets are trading in Red today but out performing all global markets and mentioned today range break out will give next move confirmation therefore is break out should be watched but today intraday patterns are suggesting buyingand support at lower levels therefore up move possibilities from here is still alive.
NIFTY-JAN F&O-1ST BUYING OF 17-01-2011-COVERING
NIFTY JAN F & O(BOUGHT ON 17-01-2011)-COVER IMMEDIATELY-CMP-5655
NIFTY-JAN F&O-1ST BUYING OF 17-01-2011-TRADE
NIFTY(JAN FUT-BUY-POSITIONAL)SL-5644-TGT-5764-CMP-5686
NIFTY(JAN CALL OPTION-BUY-POSITIONAL)-S.P.FOR CALL-5600,5700-NIFTY(JAN FUT)-RATES ARE FOR SL-5644-TGT-5764 FOR ALL OPTIONS-CMP-5686
NIFTY(JAN CALL OPTION-BUY-POSITIONAL)-S.P.FOR CALL-5600,5700-NIFTY(JAN FUT)-RATES ARE FOR SL-5644-TGT-5764 FOR ALL OPTIONS-CMP-5686
NIFTY-JAN F&O-BOUGHT ON 14-01-2011-COVERING
NIFTY JAN F & O(BOUGHT ON 14-01-2011)-COVER IMMEDIATELY-CMP-5859
NIFTY-JAN F&O-1ST BUYING OF 14-01-2011-MESSAGE
NIFTY JAN F & O(BOUGHT ON 14-01-2011)-MARKETS WILL BE VOLATILE TODAY THEREFORE COVER ONLY AFTER MY COVERING MESSAGE
Watch 200-Day EMA for long term trend confirmations.
Weekly Analysis- 17-01-2011 to 21-01-2011
Last 9 sessions sharp down moves are not technically based but only on the back of following news:-
1- 2 most depressing weekly inflation data.
2- Sharply declined IIP data.
3- Below expectations INFY quarterly results.
4- Disappointing monthly inflation data last Friday.
Nifty is trading within 5690-6339 for the last 4 months and Nifty got support at its lowest 3 times earlier but broken down and closed below it last Friday after rising monthly inflation data and tested 200-Day EMA as well. No distribution pattern but "Falling Channel" formation is seen in last 4 months EOD chart. It is continuation pattern and it means that on going up trend will remain continued. Wave 3 trend line has not breached also therefore up trend is still intact.
Waves Structure and continution Patterns in Daily Chart:-
Intermediate and short term trends are down. Although Nifty tested 200-Day EMA but closed above it last Friday therefore long term trend is still up. Wave 3 is very much on at this moment and it has tested 200-Day EMA earlier since its begining on 13-07-2009 in intermediate term corrections and Nifty tested 3rd time in on going up move. It is the nature of bull ralies that prices are tend to test 200-Day EMA in corrections and until Nifty will not sustain below it till then Wave 3 will remain on and primary trend will remin up.
It is the nature of bull markets intermediate term correction that:-
1- Prices may hover around 200-Day EMA for few sessions.
2- Prices may dip below or also close 1/2 sessions below 200-Day EMA.
but long term trend will remain up Until:-
1- Nifty will not sustain below 200-Day EMA minimum 3 sessions
2- Nifty will not dip more than 3% down from 200-Day EMA
3- Nifty will not break down 200-Day EMA by force.
200-Day EMA is today at 5648 and should be watched first for mext moves confirmations. Although Indian markets slipped from higher levels but distribution patterns are not seen on intraday,daily and weekly charts therefore on going down moves are only the result of extremely high inflation and RBI rates hike fear.
Conclusions
As down moves are not the result of distribution patterns therefore does not require much consolidations before any rally and sharp V-shaped recovery possibility can not be ruled out. 200-Day EMA is next trend decider therefore will be watched first for next moves confirmations but expected that finally Nifty will sustain above and fresh rally will be seen within couple of weeks.
Last 9 sessions sharp down moves are not technically based but only on the back of following news:-
1- 2 most depressing weekly inflation data.
2- Sharply declined IIP data.
3- Below expectations INFY quarterly results.
4- Disappointing monthly inflation data last Friday.
Nifty is trading within 5690-6339 for the last 4 months and Nifty got support at its lowest 3 times earlier but broken down and closed below it last Friday after rising monthly inflation data and tested 200-Day EMA as well. No distribution pattern but "Falling Channel" formation is seen in last 4 months EOD chart. It is continuation pattern and it means that on going up trend will remain continued. Wave 3 trend line has not breached also therefore up trend is still intact.
Waves Structure and continution Patterns in Daily Chart:-
Intermediate and short term trends are down. Although Nifty tested 200-Day EMA but closed above it last Friday therefore long term trend is still up. Wave 3 is very much on at this moment and it has tested 200-Day EMA earlier since its begining on 13-07-2009 in intermediate term corrections and Nifty tested 3rd time in on going up move. It is the nature of bull ralies that prices are tend to test 200-Day EMA in corrections and until Nifty will not sustain below it till then Wave 3 will remain on and primary trend will remin up.
It is the nature of bull markets intermediate term correction that:-
1- Prices may hover around 200-Day EMA for few sessions.
2- Prices may dip below or also close 1/2 sessions below 200-Day EMA.
but long term trend will remain up Until:-
1- Nifty will not sustain below 200-Day EMA minimum 3 sessions
2- Nifty will not dip more than 3% down from 200-Day EMA
3- Nifty will not break down 200-Day EMA by force.
200-Day EMA is today at 5648 and should be watched first for mext moves confirmations. Although Indian markets slipped from higher levels but distribution patterns are not seen on intraday,daily and weekly charts therefore on going down moves are only the result of extremely high inflation and RBI rates hike fear.
Conclusions
As down moves are not the result of distribution patterns therefore does not require much consolidations before any rally and sharp V-shaped recovery possibility can not be ruled out. 200-Day EMA is next trend decider therefore will be watched first for next moves confirmations but expected that finally Nifty will sustain above and fresh rally will be seen within couple of weeks.
Trading Levels for 17-01-11 & Next Week Levels
Nifty Spot Levels for 17-01-11
R3 5973
R2 5903
R1 5778
AVG 5709
S1 5585
S2 5515
S3 5391
Nifty Jan Futures Levels for 17-01-11
R3 6015
R2 5936
R1 5795
AVG 5716
S1 5575
S2 5496
S3 5355
Bank Nifty Jan Futures Levels for 17-01-11
R3 11371
R2 11163
R1 10801
AVG 10593
S1 10231
S2 10023
S3 9661
Nifty Spot Weekly Levels (17 Jan to 21 Jan 2011)
R3 6095
R2 6001
R1 5828
AVG 5734
S1 5561
S2 5467
S3 5294
R3 5973
R2 5903
R1 5778
AVG 5709
S1 5585
S2 5515
S3 5391
Nifty Jan Futures Levels for 17-01-11
R3 6015
R2 5936
R1 5795
AVG 5716
S1 5575
S2 5496
S3 5355
Bank Nifty Jan Futures Levels for 17-01-11
R3 11371
R2 11163
R1 10801
AVG 10593
S1 10231
S2 10023
S3 9661
Nifty Spot Weekly Levels (17 Jan to 21 Jan 2011)
R3 6095
R2 6001
R1 5828
AVG 5734
S1 5561
S2 5467
S3 5294
petrol price hike lesser than desired retail selling rate: IOC
Just click on above heading for detailed news
RBI will take right action to stablise prices: Pranab Mukherjee
Amid expectations that Reserve Bank of India (RBI) will hike policy rates later this month to tame high inflation, finance minister Pranab Mukherjee today said the central bank will take appropriate monetary action to stabilise prices.
"Whenever the appropriate adjustment of the crucial rates is called for in the larger interest of the economy, including the price stabilistion, the RBI takes appropriate policy in consultation with the government," Mukherjee told reporters.
He was addressing a joint a press conference with World Bank group president Robert Zoellick in New Delhi.
Mukherjee said the RBI always keeps the economic situation under review.
The RBI is widely expected to raise short-term lending and borrowing rates - repo and reverse repo - in its policy review on January 25 to tame inflation, particularly food inflation.
Expensive food items pushed overall inflation to 8.43% in December, but experts say the rate of price rise will come down now since the country has seen the peak of food prices.
On inflation in India, Zoeillic said it is mainly due to supply side constraints.
"My own sense in the case of the Indian economy is that some of the inflationary pressures are more likely a function of some of the bottleneck on the supply side than they are from the demand side," he said.
Mukherjee will have pre-budget interactions with state counterparts on Wednesday, where the issue of inflation would also be discussed.
He has also written letters to states asking them to remove supply bottlenecks in food products.
RBI had raised short term rates six times last year to check inflation before pressing a pause button in December.
NIFTY-JAN F&O-1ST BUYING OF 14-01-2011-TRADE
NIFTY(JAN FUT-BUY-POSITIONAL)SL-5624-TGT-5744-CMP-5644
NIFTY(JAN CALL OPTION-BUY-POSITIONAL)-S.P.FOR CALL-5600,5700-NIFTY(JAN FUT)-RATES ARE
FOR SL-5624-TGT-5744 FOR ALL OPTIONS-CMP-5644
(No covering today and we shall cover in Next week)
NIFTY(JAN CALL OPTION-BUY-POSITIONAL)-S.P.FOR CALL-5600,5700-NIFTY(JAN FUT)-RATES ARE
FOR SL-5624-TGT-5744 FOR ALL OPTIONS-CMP-5644
(No covering today and we shall cover in Next week)
Pre-Open Market Outlook(14-01-2011)
Infosys below expctations quarterly results triggered down moves yesterday and markets loosed all the previous days gains. Although some selling seen in first session but consolidation also sen within 5740-4785. Nifty got support within 5712-5740 on 12-01-2011 and also got support within 5740-4785. Sentiment is most derpressing now and until nifty not sustain below 5712 till then any down move will not be considered for the following reasons:-
1- 4 Sessions down moves are not showing genuine selling but pattern is Water Fall formations and it is bullish pattern.(shown in 10 days intraday chart)
2- Last 3 days support within 5712-5785
10 days intraday chart:-
Yesterday down move was news based on the back of Infosys below expctations quarterly results and also lower levels consolidation seen even after yesterday down moves and amid depressing sentiments also therefore until Nifty will not sustain below 5712 till then bullish expectations will remain alive.
Yesterday intraday trading range(5738-5858) will be next move decider and sustaining beyond will give next moves confirmations therefore will be watched first for deciding next immediate moves.
1- 4 Sessions down moves are not showing genuine selling but pattern is Water Fall formations and it is bullish pattern.(shown in 10 days intraday chart)
2- Last 3 days support within 5712-5785
10 days intraday chart:-
Yesterday down move was news based on the back of Infosys below expctations quarterly results and also lower levels consolidation seen even after yesterday down moves and amid depressing sentiments also therefore until Nifty will not sustain below 5712 till then bullish expectations will remain alive.
Yesterday intraday trading range(5738-5858) will be next move decider and sustaining beyond will give next moves confirmations therefore will be watched first for deciding next immediate moves.
Trading Levels for 14-01-11
Nifty Spot Levels for 14-01-11
R3 5948
R2 5903
R1 5827
AVG 5782
S1 5706
S2 5661
S3 5585
Nifty Jan Futures Levels for 14-01-11
R3 5970
R2 5919
R1 5837
AVG 5786
S1 5704
S2 5653
S3 5571
Bank Nifty Jan Futures Levels for 14-01-11
R3 11485
R2 11314
R1 11021
AVG 10850
S1 10557
S2 10386
S3 10093
R3 5948
R2 5903
R1 5827
AVG 5782
S1 5706
S2 5661
S3 5585
Nifty Jan Futures Levels for 14-01-11
R3 5970
R2 5919
R1 5837
AVG 5786
S1 5704
S2 5653
S3 5571
Bank Nifty Jan Futures Levels for 14-01-11
R3 11485
R2 11314
R1 11021
AVG 10850
S1 10557
S2 10386
S3 10093
5 Principles of Trading
1- Always place stop loss either in yours mind or in trading terminal.
2- Always trade in that volume in which you can bear loss.
3- Never try to earn huge Profits from only one trade.
4- If confusion then close yours trade first and then think once again.
5- If can not follow market then don't trade on that particular day.
2- Always trade in that volume in which you can bear loss.
3- Never try to earn huge Profits from only one trade.
4- If confusion then close yours trade first and then think once again.
5- If can not follow market then don't trade on that particular day.
Mid-session outlook-2(13-01-2011)
Today first hour range(5812-5852) broken out in upward panic after improved inflation data declaration and market could not sustained at higher levels. It is confirm weakness signal. As follow up selling in upward panic seen today therefore further weakness possibilities have increased. If Nifty slips below 5812 then it will be down move confirmation.
Mid-session outlook(13-01-2011)
Infosys quarterly results disappointed Indian markets therefore trading in Red against bullish expectations. Infosys and RIL results having power to give decisive direction to Indian markets and sentiment is depressing after today Infosys results. Although long term trend is up but intermediate and short term trends are down also.
Nifty got support 4 times near 5700 earlier and yesterday good up move seen after nice base formations at 5715. As selling signals at higher levels and minor intraday support within 5812-5852 seen after weak opening today therefore mentioned trading range of today will be next move decider and Nifty will prepare for next moves within this range.
Let market prepare then final conclusions will be drawn according to break out of mentioned range(5812-5852).
Nifty got support 4 times near 5700 earlier and yesterday good up move seen after nice base formations at 5715. As selling signals at higher levels and minor intraday support within 5812-5852 seen after weak opening today therefore mentioned trading range of today will be next move decider and Nifty will prepare for next moves within this range.
Let market prepare then final conclusions will be drawn according to break out of mentioned range(5812-5852).
NIFTY-JAN F&O-BOUGHT ON 12-01-2011-COVERING
NIFTY JAN F & O(BOUGHT ON 12-01-2011)-COVER IMMEDIATELY-CMP-5855 (INFOSYS RESULTS BELOW EXPECTATIONS)
Pre-Open Market Outlook(13-01-2011)
Indian markets are moving down on extremely depressiong economic news otherwise technically bullish signals are also specially visible in intraday charts therefore I am presenting my bullish views and explaining bullish intraday patterns. Nifty recovered sharply after forming base at 5715 and about it also following lines were told at 12:30 pm yesterday:-
"At present Nifty showing support near 5715 and if this support is maintained then fresh up move from here will be considered"
As charts are suggested up moves therefore I told following following in Pre-Open Outlook yesterday:-
"My view is bullish and expecting sharp rally after sustaining above 5835"
Rally seen yesterday after forming good base at 5715 and minimuim a pull back rally expected in the coming sessions. As previous 3 sessions intraday charts are showing Water Fall pattern therefore no immediate strong resistance and continuation of yesterday begun rally expected in the coming sessions.
Since opening to closing positive market expected today.
"At present Nifty showing support near 5715 and if this support is maintained then fresh up move from here will be considered"
As charts are suggested up moves therefore I told following following in Pre-Open Outlook yesterday:-
"My view is bullish and expecting sharp rally after sustaining above 5835"
Rally seen yesterday after forming good base at 5715 and minimuim a pull back rally expected in the coming sessions. As previous 3 sessions intraday charts are showing Water Fall pattern therefore no immediate strong resistance and continuation of yesterday begun rally expected in the coming sessions.
Since opening to closing positive market expected today.
Trading Levels for 13-01-11
Nifty Spot Levels for 13-01-11
R3 6084
R2 5979
R1 5921
AVG 5816
S1 5758
S2 5653
S3 5595
Nifty Jan Futures Levels for 13-01-11
R3 6108
R2 5996
R1 5935
AVG 5823
S1 5762
S2 5650
S3 5589
Bank Nifty Jan Futures Levels for 13-01-11
R3 11775
R2 11479
R1 11316
AVG 11020
S1 10857
S2 10561
S3 10398
R3 6084
R2 5979
R1 5921
AVG 5816
S1 5758
S2 5653
S3 5595
Nifty Jan Futures Levels for 13-01-11
R3 6108
R2 5996
R1 5935
AVG 5823
S1 5762
S2 5650
S3 5589
Bank Nifty Jan Futures Levels for 13-01-11
R3 11775
R2 11479
R1 11316
AVG 11020
S1 10857
S2 10561
S3 10398
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