Post-open Outlook(14-03-2013)

Following Formula was posted first time today:-

Profits=Our today Outlook+Intraday Trading Strategy,levels and Targets for 14-03-2013 

That correction is being seen today which was clearly told not only yesterday but being updated since 08-03-2013. WPI data today and it may lead volatility,any decisive up move will be considered only above 5970

Intraday Trading Strategy,levels and Targets for 14-03-2013 has been posted today. Firstly  go through today Outlook in following topic also for better profits and more accuracy:- 

Correction Continuation

Intraday Trading Strategy,levels and Targets for 14-03-2013

 -------------------------------
Buy at or above:-5870
-------------------------------
1st Targets:5888
2nd Targets:5907
3rd Targets:5927
4th Targets:5947

Stop Loss:5852
-------------------------------
Sell at or below:-5852
-------------------------------
1st Targets:5835
2nd Targets:5815
3rd Targets:5796
4th Targets:5775

-------------------------------
Stop Loss:5870
-------------------------------

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.

Correction Continuation

Nifty-Intra Day Chart (13-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- First 5 hours selling between 5874-5893
2- Closing near lower levels of the day.
3- Whole day actual trading between 5843-5893 

Conclusions from intra day chart analysis 

Although Nifty closed with good gains on 08-03-2013 but we were not convinced and clearly showed our doubts on further up moves and told following lines on 09-03-2013 in 'Trading within Range Market and not Trending' 

Although strong rally on 08-03-2013 but without intraday charts complete consolidations and on the back of strong Global cues therefore market is not prepared for next sustained up moves. As Nifty traded between and below next resistance(5940-5970) with intraday charts selling patterns formations also therefore Nifty is not prepared for decisive up moves above 5970.

Nifty honored our above statement and reversed from 5971.30 in this week. We told only for Pull Back rally completion and  more down moves in almost all the Outlooks since 08-03-2013,anyone can verify this fact from "Archieve at the bottom of Blog" because we always tell with those proofs which no one can deny.


We clearly told for down moves yesterday also and told following lines in Technical Analysis and Market Outlook(13-03-2013)

1- possibility of Pull Back rally termination as well as down moves in the coming sessions.
2- despite more down moves possibility.

As was continuously told same happened in first 5 hours today and selling was seen between 5874-5893 after gap down opening and closing near lower levels of the day as well as more down moves will be seen in the coming sessions. As selling markets remains more volatile therefore some up moves may be seen from lower levels but today good selling between 5874-5893 and this range has become immediate resistance,until Nifty will not sustain above it till then next up move will not be considered. 

FII & DII trading activity in Capital Market Segment on 13-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 13-Mar-2013 2508.12 2204.29 303.83

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 13-Mar-2013 687.28 1121.66 -434.38

Indian Stock Markets Closing Reports(13-Mar-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.37
Total Options Put Call Ratio: 1.30
Nifty P/E Ratio(13-Mar-2013): 17.64

Advances & Declines

BSE Advances :   960
BSE Declines : 1,930
NSE Advances :   403
NSE Declines : 1,115

Nifty Open Interest Changed Today

Nifty- 5600  CE(Mar)- -2,450(-0.56%)
Nifty- 5600  PE(Mar)- 1,418,100(15.46%)

Nifty- 5700  CE(Mar)- -95,400(-7.23%)
Nifty- 5700  PE(Mar)- 1,092,050(9.10%)

Nifty- 5800  CE(Mar)- 753,150(25.74%)
Nifty- 5800  PE(Mar)- -922,400(-8.66%)

Nifty- 5900  CE(Mar)- 894,450(16.28%)
Nifty- 5900  PE(Mar)- -608,450(-8.39%)

Closing 

Sensex- closed at 19,362.55(-202.37 Points & -1.03%)
Nifty- closed at 5,851.20(-62.90 Points & -1.06%)
CNX Midcap - closed at 7,728.10(-79.85 Points & -1.02%)
CNX Smallcap- closed at 3,317.30(-44.15 Points & -1.31%)

Nifty Spot-Levels & Trading Strategy for 14-03-2013

Nifty Spot-Levels

R3 5933
R2 5913
R1 5882
Avg 5862
S1 5831
S2 5811
S3 5780

Nifty Spot-Trading Strategy

H6 5902     Trgt 2
H5 5890     Trgt 1
H4 5879     Long breakout
H3 5865     Go Short
H2 5860
H1 5855
L1 5846
L2 5841
L3 5836     Long
L4 5822     Short Breakout
L5 5811     Trgt 1
L6 5799     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 14-03-2013

Nifty(Mar Fut)-Levels

R3 5960
R2 5938
R1 5902
Avg 5880
S1 5844
S2 5822
S3 5786

Nifty(Mar Fut)-Trading Strategy

H6 5925     Trgt 2
H5 5912     Trgt 1
H4 5898     Long breakout
H3 5882     Go Short
H2 5877
H1 5872
L1 5861
L2 5856
L3 5851     Long
L4 5835     Short Breakout
L5 5822     Trgt 1
L6 5808     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 14-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12229
R2 12139
R1 11981
Avg 11891
S1 11733
S2 11643
S3 11485

Bank Nifty(Mar Fut)-Trading Strategy

H6 12071     Trgt 2
H5 12015     Trgt 1
H4 11959     Long breakout
H3 11891     Go Short
H2 11868
H1 11845
L1 11800
L2 11777
L3 11754     Long
L4 11686     Short Breakout
L5 11630     Trgt 1
L6 11574     Trgt 2

As busy therefore Mid-session Outlooks are not being updated today

Technical Analysis and Market Outlook(13-03-2013)

Nifty-Intra Day Chart (12-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5938-5950
1- Support between 5894-5912
3- Whole day actual trading between 5894-5950

Conclusions from intra day chart analysis 

Although down moves were seen today but We clearly told again and again only for down moves in almost all the previous 4 days Outlooks. Importance of next resistance range(5940-5970) was also updated in almost all the topics since 09-03-2013 and more than 8 nours trading was seen between this range in last 2 sessions. As selling seen therefore mentioned resistance range has become stronger and possibility of Pull Back rally termination as well as down moves in the coming sessions.

WPI inflation on 14 and  RBI credit policy on 19 March therefore coming sessions may be volatile news generated follow up moves will be watched and will be updated accordingly.  Valid break out of 5890-5970 will be next trend firstly strong indication therefore should be firstly watched in the coming sessions despite more down moves possibility.

FII Trading Data in Derivatives Segment on 12-Mar-2013

FII & DII trading activity in Capital Market Segment on 12-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 12-Mar-2013 2740.66 2007.41 733.25

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 12-Mar-2013 625.67 1503.05 -877.38

Nifty Spot-Levels & Trading Strategy for 13-03-2013

Nifty Spot-Levels

R3 6024
R2 5988
R1 5965
Avg 5929
S1 5906
S2 5870
S3 5847

Nifty Spot-Trading Strategy

H6 6001     Trgt 2
H5 5987     Trgt 1
H4 5974     Long breakout
H3 5958     Go Short
H2 5952
H1 5947
L1 5936
L2 5931
L3 5925     Long
L4 5909     Short Breakout
L5 5896     Trgt 1
L6 5882     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 13-03-2013

Nifty(Mar Fut)-Levels

R3 6031
R2 6003
R1 5970
Avg 5942
S1 5909
S2 5881
S3 5848

Nifty(Mar Fut)-Trading Strategy

H6 5998     Trgt 2
H5 5984     Trgt 1
H4 5970     Long breakout
H3 5953     Go Short
H2 5948
H1 5942
L1 5931
L2 5925
L3 5920     Long
L4 5903     Short Breakout
L5 5889     Trgt 1
L6 5875     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 13-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12432
R2 12327
R1 12215
Avg 12110
S1 11998
S2 11893
S3 11781

Bank Nifty(Mar Fut)-Trading Strategy

H6 12322     Trgt 2
H5 12273     Trgt 1
H4 12223     Long breakout
H3 12163     Go Short
H2 12143
H1 12123
L1 12084
L2 12064
L3 12044     Long
L4 11984     Short Breakout
L5 11934     Trgt 1
L6 11885     Trgt 2

Mid-session Outlook(12-03-2013)

We clearly told only for down moves in almost all the previous Outlooks and it was seen today as well as we gave following range on 09-03-2013 in Trading within Range Market and not Trending;- 

5890-5970(First indication) 

Nifty honored our above given range and traded till now between 5,893.65-5971.30. As both buying and selling seen within this range therefore expected that Nifty will trade more time within this range and its valid break out will decide next trend. 

NIFTY-Mar Put Option(5900)-Positional Buying of 11-03-2013-Covering

NIFTY-Mar PE(5900)-Positional Bought on 11-03-2013-Cover and book profit immediately-CMP-62.50(Lalit39)

NIFTY-Mar Put Option(5900)-Positional Buying of 11-03-2013-Message

NIFTY-Mar PE(5900)-Bought on 11-03-2013-IIP data today and Market will be volatile. Just hold and cover after my covering message(Lalit39)

Down moves with Pull Back rally completion Possibility

Nifty-Intra Day Chart (11-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5950-5970
2- Lower levels minor supports.
3- Whole day actual trading between 5950-5970

Conclusions from intra day chart analysis

Although lower levels minor supports but higher levels good selling therefore down moves will be seen tomorrow and possibility of Pull Back rally completion also because selling was seen today between  resistance range(5940-5970). Follow up selling and sustaining below 5970 will be more down moves after Pull Back rally completion confirmations.

FII Trading Data in Derivatives Segment on 11-Mar-2013

FII & DII trading activity in Capital Market Segment on 11-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 11-Mar-2013 3240.64 2252.42 988.22

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Mar-2013 830.63 1617.21 -786.58

Nifty Spot-Levels & Trading Strategy for 12-03-2013

Nifty Spot-Levels

R3 6006
R2 5988
R1 5965
Avg 5947
S1 5924
S2 5906
S3 5883

Nifty Spot-Trading Strategy

H6 5983     Trgt 2
H5 5973     Trgt 1
H4 5964     Long breakout
H3 5953     Go Short
H2 5949
H1 5945
L1 5938
L2 5934
L3 5930     Long
L4 5919     Short Breakout
L5 5910     Trgt 1
L6 5900     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 12-03-2013

Nifty(Mar Fut)-Levels

R3 6024
R2 6007
R1 5982
Avg 5965
S1 5940
S2 5923
S3 5898

Nifty(Mar Fut)-Trading Strategy

H6 5999     Trgt 2
H5 5989     Trgt 1
H4 5980     Long breakout
H3 5968     Go Short
H2 5964
H1 5960
L1 5953
L2 5949
L3 5945     Long
L4 5933     Short Breakout
L5 5924     Trgt 1
L6 5914     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 12-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12395
R2 12344
R1 12269
Avg 12218
S1 12143
S2 12092
S3 12017

Bank Nifty(Mar Fut)-Trading Strategy

H6 12320     Trgt 2
H5 12291     Trgt 1
H4 12263     Long breakout
H3 12228     Go Short
H2 12217
H1 12205
L1 12182
L2 12170
L3 12159     Long
L4 12124     Short Breakout
L5 12096     Trgt 1
L6 12067     Trgt 2

NIFTY-Mar Put Option-Buying Trade

NIFTY-Mar Put Option(5900)-Buy-Positional-SL-29-TGT-69-CMP-47(Lalit39)

Pre-Closing Outlook(11-03-2013)

Importance of next resistance range(5940-5970) was told in all previous Outlooks and Nifty honored through most of the time trading between this range today. As mixed intraday patterns formations today therefore valid break out of following range will next decisive moves strong indication and should be firstly watched in the coming sessions.

5936-5970

Mid-session Outlook(11-03-2013)

Although good up moves were seen after 01:15 PM last Friday but were on the back of Glabal cues therefore need of consolidation before next up move was told at 03:05:00 PM on 08-03-2013. CNX MIDCAP and CNX SMALLCAP did not showed such up moves after 01:15 PM and remained range bound as well as showed selling patterns therefore following lines were told in Trading within Range Market and not Trending 

"Expected that Nifty will firstly trade between 5890-5970 in the coming sessions and will prepared for next moves"

Pull Back rally gained 298 points in last 6 sessions and today most time trading between next resistance(5940-5970) which is crucial because Intermediate term trend will be up above 5970.

Correction started from 6111 after completion of Wave-5 therefore that whole up move has to be corrected which begun from 4770.35 on 04-06-2012. Just click following link for Retracement Levels of on going correction:-

Long Term Trend Decider 5548

Nifty traded between mentioned next resistance range(5940-5970) for the last more than 3 hours(today and last Friday) and this range break out will be next moves 1st strong signal. As selling patterns formations also seen within this range therefore its breaking down possibility can not be ruled out.

Firstly watch today valid break out of 5936-5970 for next moves strong signal.

Trading within Range Market and not Trending

Technical Analysis,Research & Weekly Outlook 

(Mar 11 to Mar 15,2013)

Nifty-EOD Chart (08-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Sub Wave-4(5548.35 on 20-11-2012)
2- Sub Wave-5(6111.80 on 29-01-2013)
3- 'ABC' correction after Sub Wave-5 completion.
4- 61 Sessions actual trading between 5823-6111 with Bearish Head and Shoulders pattern formations and its Neckline(5823) broken down on 26-02-2013
5- Last 2 sessions closing between 61 Sessions trading range after 7 sessions trading below it.

Conclusions from EOD chart analysis 

Pull Back rally continuation after 'ABC' correction completion and reentering into 61 Sessions trading range but multiple resistances upto 6111 therefore follow up consolidation is required in the coming week for rally above 6111. Next resistance range is between 5940-5970,Nifty traded between this range on 08-03-2013 and firstly technical positions of intraday charts wil be understood for next moves in the beginning of next week.

Nifty-Intra Day Chart (08-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- First 4 hours trading between 5890-5914 with selling patterns between 5902-5914.
2- Up moves beginning at 01:15 PM and 4 hours trading range broken out.
3- Higher levels consolidation patterns between 5917-5935.
4- Last 50 minutes trading with mixed patterns between 5941-5952.
5- Whole day actual trading between 5890-5952.

Conclusions from intra day chart analysis 

First 4 hours trading between 5890-5914 with selling patterns between 5902-5914 but Up moves beginning at 01:15 PM and 4 hours trading range broken out despite selling because following sharp up moves beginning in global markets:-

1- At 01:15 PM- Dow Futures was trading at 14348 and moved up sharply to 14388 within 30 minutes.
2- At 01:15 PM- Dax Futures was trading at 7969 and moved up sharply to 7999 within 30 minutes.
3- At 12:25 PM- FTSE 100 Futures was trading at 6445 and moved up sharply to 6470 within 85 minutes.
4- At 12:25 PM- CAC 40 Futures was trading at 3803 and moved up sharply to 3825 within 85 minutes.

Nifty was trading at 5906 at 01:15 PM and moved up sharply to 5929 within 30 minutes exactly in lines with US and European markets. Although some intraday consolidation patterns and mixed patterns were seen between 5917-5952 in last more than 2 hours but up moves were heated sentiment generated therefore require more confirmations.

Although Nifty moved up after 01:15 PM but broad based CNX MIDCAP and CNX SMALLCAP did not showed such up moves and remained range bound as well as showed selling patterns formations despite closing positive near higher levels of the day.

CNX MIDCAP-Intra Day Chart (08-Mar-2013):-

Just click on chart for its enlarged view

CNX SMALLCAP-Intra Day Chart (08-Mar-2013):-

Just click on chart for its enlarged view

Conclusions (After Putting All Studies Together)

Long Term and Short term trends are up and Intermediate term trend is down that will be up above 5970 after crossing of next resistance(5940-5970). Pull Back rally continuation between 61 Sessions trading range(5823-6111) and multiple resistances at higher levels between this range therefore market require complete continuous consolidations for rally continuation above 6111.

Although strong rally on 08-03-2013 but without intraday charts complete consolidations and on the back of strong Global cues therefore market is not prepared for next sustained up moves. As Nifty traded between and below next resistance(5940-5970) with intraday charts selling patterns formations also therefore Nifty is not prepared for decisive up moves above 5970.

Expected that Nifty will firstly trade between 5890-5970 in the coming sessions and will prepared for next moves. Now trading range market and not trending,previous week up moves will be understood only Pull Back Rally and following ranges break out will decide next trend:-

1- 5890-5970(First indication) 
2- 5823-6111(61 sessions range break out) 
3- 5664-6111(Next trend confirmation) 

FII Trading Data in Derivatives Segment on 08-Mar-2013

FII & DII trading activity in Capital Market Segment on 08-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 08-Mar-2013 3442.45 2158.87 1283.58

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 08-Mar-2013 868.5 1705.08 -836.58

Nifty Spot-Levels & Trading Strategy for 11-03-2013

Nifty Spot-Levels

R3 6039
R2 5995
R1 5970
Avg 5926
S1 5901
S2 5857
S3 5832

Nifty Spot-Trading Strategy

H6 6014     Trgt 2
H5 5998     Trgt 1
H4 5982     Long breakout
H3 5963     Go Short
H2 5957
H1 5951
L1 5938
L2 5932
L3 5926     Long
L4 5907     Short Breakout
L5 5891     Trgt 1
L6 5875     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 11-03-2013

Nifty(Mar Fut)-Levels

R3 6079
R2 6030
R1 5999
Avg 5950
S1 5919
S2 5870
S3 5839

Nifty(Mar Fut)-Trading Strategy

H6 6048     Trgt 2
H5 6030     Trgt 1
H4 6012     Long breakout
H3 5990     Go Short
H2 5982
H1 5975
L1 5960
L2 5953
L3 5946     Long
L4 5924     Short Breakout
L5 5905     Trgt 1
L6 5887     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 11-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12569
R2 12421
R1 12332
Avg 12184
S1 12095
S2 11947
S3 11858

Bank Nifty(Mar Fut)-Trading Strategy

H6 12484     Trgt 2
H5 12428     Trgt 1
H4 12373     Long breakout
H3 12308     Go Short
H2 12286
H1 12264
L1 12221
L2 12199
L3 12177     Long
L4 12112     Short Breakout
L5 12057     Trgt 1
L6 12001     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Mar 11 to Mar 15,2013)

Nifty Spot-Weekly Levels

R3 6331
R2 6141
R1 6043
Avg 5853
S1 5755
S2 5565
S3 5467

Nifty Spot-Weekly Trading Strategy 

H6 6247     Trgt 2
H5 6175     Trgt 1
H4 6103     Long breakout
H3 6024     Go Short
H2 5997
H1 5971
L1 5918
L2 5892
L3 5865     Long
L4 5786     Short Breakout
L5 5714     Trgt 1
L6 5642     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Mar 11 to Mar 15,2013)

Bank Nifty Spot-Weekly Levels

R3 13225
R2 12722
R1 12459
Avg 11956
S1 11693
S2 11190
S3 10927

Bank Nifty Spot-Weekly Trading Strategy 

H6 13012     Trgt 2
H5 12815     Trgt 1
H4 12618     Long breakout
H3 12407     Go Short
H2 12337
H1 12267
L1 12126
L2 12056
L3 11986     Long
L4 11775     Short Breakout
L5 11578     Trgt 1
L6 11381     Trgt 2

NATURAL GAS-Mar Fut-Selling Trade

NATURAL GAS-Mar Fut-Sell-Intraday/Positional-SL-197.60 & TGT-192.10-CMP-195.40(Lalit39)

US and European markets triggered strong Rally today

1- At 01:15 PM- Dow Futures was trading at 14348 and moved up sharply to 14388 within 30 minutes.
2- At 01:15 PM- Dax Futures was trading at 7969 and moved up sharply to 7999 within 30 minutes.
3- At 12:25 PM- FTSE 100 Futures was trading at 6445 and moved up sharply to 6470 within 85 minutes.
4- At 12:25 PM- CAC 40 Futures was trading at 3803 and moved up sharply to 3825 within 85 minutes.

Nifty was trading at 5906 at 01:15 PM and moved up sharply to 5929 within 30 minutes exactly in lines with US and European markets.  

Indian markets consolidated at higher levels after strong gap up opening of all European markets and now trading between next resistance range(5940-5970). Rally continuation after clearing of resistances but multiple resistances up to 6111 therefore will consolidate firstly before next up move.

Once clearing of 5970 will mean strong rally continuation in next week. 

Mid-session Outlook-2(08-03-2013)

Most time trading between 5899-5914 today and this range was firstly broken down after some higher levels selling  but again moved into mentioned range after lowest formation at 5892. Now broken out and new high formation at 5924. Intraday volatility and only sustaining beyond 5899-5915 will be next moves confirmation.

Now trading above 5815 and sustaining it above will mean rally continuation toward next resistance range(5940-5970)

Mid-session Outlook(08-03-2013)

Nifty is trading above previous resistance range(5800-5895) for the last 2 hours. Next resistance ranges are as follows:-

1- 5900-5915
2- 5940-5970

Nifty is again trading between resistance range(5900-5915) for the last more than 2 hours and valid break out of this range will decide next stronger trend. Although emergence of selling signals also but confirmation is also required through valid break out.

Mid-session Outlook(08-03-2013)

Nifty is trading between 5899-5914 for the last 2 hours after gap up opening and this range break out will be next immediate trend confirmation. Intermediate term trend will be up above 5971.

Post-open Outlook(08-03-2013)

Rally continuations and now trading at 5913 after clearing of resistance above 5895 but buying should be done after intraday correction completion because sharp surge immediately after opening and some profit booking is possible at higher levels.

Technical Analysis and Market Outlook(08-03-2013)

Nifty-Intra Day Chart (07-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5803-5823. 
2- Whole day actual trading between 5803-5875. 

Conclusions from intra day chart analysis 

Long Term Trend is up,Intermediate Term Trend is down and Short Term Trend turned up after lower levels good consolidations and rally within resistance range(5800-5895) yesterday. As Short Term Indicators were oversold therefore Pull Back Rally was due and it was seen yesterday and until intraday selling patterns will not develop till then its continuation will be expected. As no intraday selling seen therefore up moves continuation willl be expected.

Nifty traded 61 previous sessions between 5823-6111 with Bearish Head and Shoulders pattern formations and its Neckline(5823) as well as 61 sessions range broken down on 26-03-2013 but Nifty reentered mentioned range yesterday after passing 7 sessions below 5823. As Nifty Slipped below 5823 after good higher levels selling in 61 sessions therefore strong resistances up to 6110 and complete follow up consolidation is required for up moves continuation. As up moves continuation after 'ABC' waves formations therefore correction completion possibility will also be considered.

Pre-open Outlook(08-03-2013)

Sentiment is heated today after yesterday rally and strong moves in some Asian markets therefore profit booking possibility can not be ruled out today and firstly mentioned resistance range(5800-5895) valid break out should be watched for next rally confirmations.

FII Trading Data in Derivatives Segment on 01-Mar-2013

FII & DII trading activity in Capital Market Segment on 01-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 01-Mar-2013 9999 8888 1111

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Mar-2013 5555 3333 2222

Nifty Spot-Levels & Trading Strategy for 08-03-2013

Nifty Spot-Levels

R3 5970
R2 5924
R1 5893
Avg 5847
S1 5816
S2 5770
S3 5739

Nifty Spot-Trading Strategy

H6 5940     Trgt 2
H5 5923     Trgt 1
H4 5905     Long breakout
H3 5884     Go Short
H2 5877
H1 5870
L1 5855
L2 5848
L3 5841     Long
L4 5820     Short Breakout
L5 5802     Trgt 1
L6 5785     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 08-03-2013

Nifty(Mar Fut)-Levels

R3 6009
R2 5956
R1 5922
Avg 5869
S1 5835
S2 5782
S3 5748

Nifty(Mar Fut)-Trading Strategy

H6 5977     Trgt 2
H5 5956     Trgt 1
H4 5936     Long breakout
H3 5912     Go Short
H2 5904
H1 5896
L1 5881
L2 5873
L3 5865     Long
L4 5841     Short Breakout
L5 5821     Trgt 1
L6 5800     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 08-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12282
R2 12164
R1 12095
Avg 11977
S1 11908
S2 11790
S3 11721

Bank Nifty(Mar Fut)-Trading Strategy

H6 12215     Trgt 2
H5 12172     Trgt 1
H4 12128     Long breakout
H3 12077     Go Short
H2 12060
H1 12043
L1 12008
L2 11991
L3 11974     Long
L4 11923     Short Breakout
L5 11879     Trgt 1
L6 11836     Trgt 2

Pre-Closing Outlook(07-03-2013)

As Nifty is trading between resistance range(5800-5895) and fresh consolidation is required for any up move therefore up moves are slow. Although Nifty slipped below 5828 but lower levels good consolidations today and yesterday therefore until Nifty will not sustain below 5796 till then any down move will not be considered and sustaining above 5828 will be strong indication of up moves continuation. 

Mid-session Outlook(07-03-2013)

Clear consolidations patterns at lower levels today and some intraday up moves were also seen after positive opening of European markets. As intraday selling was seen at higher levels yesterday therefore some more consolidations are required for valid break out above yesterday highs(5828). Fresh up moves expectations turned alive after lower levels consolidations today and only valid break out above 5828 should be watched now for fresh up moves confirmations.