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Trading Calls
This is the "Oldest & Only Website" of whole World
which is updating Nifty & Indian Stock Markets
"Daily and Weekly accurate Outlooks"
with "Intraday Charts Analysis"for the
last more than "15 years" means from "2010".
For its live Proofs just see "Archive"
in the "bottom of this Website".
Trading "calls" from our "Software" with more than "90% accuracy"
FII & DII trading activity in Capital Market Segment on 20-Mar-2013
Nifty Spot-Levels & Trading Strategy for 21-03-2013
Nifty Spot-Levels
R3 5795
R2 5770
R1 5732
Avg 5707
S1 5669
S2 5644
S3 5606
Nifty Spot-Trading Strategy
H6 5757 Trgt 2
H5 5742 Trgt 1
H4 5728 Long breakout
H3 5711 Go Short
H2 5705
H1 5699
L1 5688
L2 5682
L3 5676 Long
L4 5659 Short Breakout
L5 5645 Trgt 1
L6 5630 Trgt 2
R3 5795
R2 5770
R1 5732
Avg 5707
S1 5669
S2 5644
S3 5606
Nifty Spot-Trading Strategy
H6 5757 Trgt 2
H5 5742 Trgt 1
H4 5728 Long breakout
H3 5711 Go Short
H2 5705
H1 5699
L1 5688
L2 5682
L3 5676 Long
L4 5659 Short Breakout
L5 5645 Trgt 1
L6 5630 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2013
Nifty(Mar Fut)-Levels
R3 5805
R2 5781
R1 5748
Avg 5724
S1 5691
S2 5667
S3 5634
Nifty(Mar Fut)-Trading Strategy
H6 5772 Trgt 2
H5 5759 Trgt 1
H4 5746 Long breakout
H3 5730 Go Short
H2 5725
H1 5720
L1 5709
L2 5704
L3 5699 Long
L4 5683 Short Breakout
L5 5670 Trgt 1
L6 5657 Trgt 2
R3 5805
R2 5781
R1 5748
Avg 5724
S1 5691
S2 5667
S3 5634
Nifty(Mar Fut)-Trading Strategy
H6 5772 Trgt 2
H5 5759 Trgt 1
H4 5746 Long breakout
H3 5730 Go Short
H2 5725
H1 5720
L1 5709
L2 5704
L3 5699 Long
L4 5683 Short Breakout
L5 5670 Trgt 1
L6 5657 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2013
Bank Nifty(Mar Fut)-Levels
R3 11747
R2 11643
R1 11470
Avg 11366
S1 11193
S2 11089
S3 10916
Bank Nifty(Mar Fut)-Trading Strategy
H6 11574 Trgt 2
H5 11512 Trgt 1
H4 11449 Long breakout
H3 11373 Go Short
H2 11347
H1 11322
L1 11271
L2 11246
L3 11220 Long
L4 11144 Short Breakout
L5 11081 Trgt 1
L6 11019 Trgt 2
R3 11747
R2 11643
R1 11470
Avg 11366
S1 11193
S2 11089
S3 10916
Bank Nifty(Mar Fut)-Trading Strategy
H6 11574 Trgt 2
H5 11512 Trgt 1
H4 11449 Long breakout
H3 11373 Go Short
H2 11347
H1 11322
L1 11271
L2 11246
L3 11220 Long
L4 11144 Short Breakout
L5 11081 Trgt 1
L6 11019 Trgt 2
Pre-Closing Outlook(20-03-2013)
When market recovered from lower levels then we updated our doubts and told following line in Mid-session Outlook
decisive up move/Pull Back rally will be considered after sustaining above 5745 because intraday selling patterns formations just below it today.
decisive up move/Pull Back rally will be considered after sustaining above 5745 because intraday selling patterns formations just below it today.
Although some selling at higher levels and slipping also today lower levels in last half hour but today down moves are in Bullish falling channel and follow up consolidation is required for any decisive up move therefore firstly sustaining beyond 200-Day EMA(5672) will be watched in the coming sessions for the confirmation of Long Term Trend.
Mid-session Outlook(20-03-2013)
5672 was expected and today lowest formation at 5692.75. As sentiment is completely dampened due to political uncertainty and whole market turns bearish in such sentiments therefore some recovery after lower levels supports but decisive up move/Pull Back rally will be considered after sustaining above 5745 because intraday selling patterns formations just below it today.
Bank Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 20-03-2013
-------------------------------------------------
Buy at or above:-11556
-------------------------------
1st Targets:11577
2nd Targets:11604
3rd Targets:11631
4th Targets:11658
-------------------------------
Stop Loss:11529
-------------------------------------------------
Sell at or below:-11529
-------------------------------
1st Targets:11508
2nd Targets:11481
3rd Targets:11454
4th Targets:11427
-------------------------------
Stop Loss:11556.25
-------------------------------------------------
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.
Buy at or above:-11556
-------------------------------
1st Targets:11577
2nd Targets:11604
3rd Targets:11631
4th Targets:11658
-------------------------------
Stop Loss:11529
-------------------------------------------------
Sell at or below:-11529
-------------------------------
1st Targets:11508
2nd Targets:11481
3rd Targets:11454
4th Targets:11427
-------------------------------
Stop Loss:11556.25
-------------------------------------------------
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.
Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 20-03-2013
-------------------------------------------------
Buy at or above:-5757
-------------------------------
1st Targets:5773
2nd Targets:5792
3rd Targets:5811
4th Targets:5830
-------------------------------
Stop Loss:5738
-------------------------------------------------
Sell at or below:-5738
-------------------------------
1st Targets:5722
2nd Targets:5703
3rd Targets:5684
4th Targets:5665
-------------------------------
Stop Loss:5757
-------------------------------------------------
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.
Buy at or above:-5757
-------------------------------
1st Targets:5773
2nd Targets:5792
3rd Targets:5811
4th Targets:5830
-------------------------------
Stop Loss:5738
-------------------------------------------------
Sell at or below:-5738
-------------------------------
1st Targets:5722
2nd Targets:5703
3rd Targets:5684
4th Targets:5665
-------------------------------
Stop Loss:5757
-------------------------------------------------
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.
Testing possibility of 5672
Technical Analysis and Market Outlook
(20-03-2013)
Nifty-Intra Day Chart (19-Mar-2013):-| Just click on chart for its enlarged view |
1- First 2 hours trading between 5805-5852
2- Sharp fall after the news of DMK supports withdrawing from UPA Govt.
3- Last 4 hours trading between 5731-5777
3- Whole day actual trading between 5731-5852
Conclusions from intra day chart analysis
Down moves continuation after Wave-5 completion after 61 Sessions sideways trading between 5823-6111 with Bearish Head and Shoulders pattern formations and its Neckline(5823) broken down on 26-02-2013 therefore Intermediate and Short term trends are down. Long Term trend is still up but multiple resistances at higher levels and no sign of consolidation yet therefore more slipping and testing of 200-Day EMA(5672) is very much possible in the coming sessions and sustaining it beyond will decide the fate of Long Term Trend.
Just Click following link for detailed analysis of EOD and EOD Charts which was posted on 18-03-2013:-
It was news based market yesterday because first 2 hours trading was under the shadow of expectations from RBI Credit Policy and last 4 hours trading was full of confusions due to various types of news flow after the news of DMK supports withdrawing from UPA Govt. As yesterday trading was under mixed sentiments therefore firstly next immediate move confirmation will be after valid break out of 5731-5777. As Short term indicators are oversold therefore Pull Back rally may be seen any time but until complete consolidation will not happen till then any sustained rally will not be seen and finally more down moves and testing of 5672 is expected.
FII & DII trading activity in Capital Market Segment on 19-Mar-2013
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Nifty Spot-Levels & Trading Strategy for 20-03-2013
Nifty Spot-Levels
R3 5969
R2 5916
R1 5830
Avg 5777
S1 5691
S2 5638
S3 5552
Nifty Spot-Trading Strategy
H6 5884 Trgt 2
H5 5852 Trgt 1
H4 5821 Long breakout
H3 5783 Go Short
H2 5770
H1 5757
L1 5732
L2 5719
L3 5706 Long
L4 5668 Short Breakout
L5 5637 Trgt 1
L6 5605 Trgt 2
R3 5969
R2 5916
R1 5830
Avg 5777
S1 5691
S2 5638
S3 5552
Nifty Spot-Trading Strategy
H6 5884 Trgt 2
H5 5852 Trgt 1
H4 5821 Long breakout
H3 5783 Go Short
H2 5770
H1 5757
L1 5732
L2 5719
L3 5706 Long
L4 5668 Short Breakout
L5 5637 Trgt 1
L6 5605 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 20-03-2013
Nifty(Mar Fut)-Levels
R3 5967
R2 5918
R1 5834
Avg 5785
S1 5701
S2 5652
S3 5568
Nifty(Mar Fut)-Trading Strategy
H6 5884 Trgt 2
H5 5854 Trgt 1
H4 5824 Long breakout
H3 5787 Go Short
H2 5775
H1 5763
L1 5738
L2 5726
L3 5714 Long
L4 5677 Short Breakout
L5 5647 Trgt 1
L6 5617 Trgt 2
R3 5967
R2 5918
R1 5834
Avg 5785
S1 5701
S2 5652
S3 5568
Nifty(Mar Fut)-Trading Strategy
H6 5884 Trgt 2
H5 5854 Trgt 1
H4 5824 Long breakout
H3 5787 Go Short
H2 5775
H1 5763
L1 5738
L2 5726
L3 5714 Long
L4 5677 Short Breakout
L5 5647 Trgt 1
L6 5617 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 20-03-2013
Bank Nifty(Mar Fut)-Levels
R3 12218
R2 12048
R1 11790
Avg 11620
S1 11362
S2 11192
S3 10934
Bank Nifty(Mar Fut)-Trading Strategy
H6 11963 Trgt 2
H5 11865 Trgt 1
H4 11767 Long breakout
H3 11649 Go Short
H2 11610
H1 11571
L1 11492
L2 11453
L3 11414 Long
L4 11296 Short Breakout
L5 11198 Trgt 1
L6 11100 Trgt 2
R3 12218
R2 12048
R1 11790
Avg 11620
S1 11362
S2 11192
S3 10934
Bank Nifty(Mar Fut)-Trading Strategy
H6 11963 Trgt 2
H5 11865 Trgt 1
H4 11767 Long breakout
H3 11649 Go Short
H2 11610
H1 11571
L1 11492
L2 11453
L3 11414 Long
L4 11296 Short Breakout
L5 11198 Trgt 1
L6 11100 Trgt 2
Pre-Closing Outlook(19-03-2013)
Correction is going on and its continuation is expected because negative news flow and technically weaker market. As Short term indicators are oversold therefore Pull Back rally may be seen any time but until complete consolidation will not happen till then any sustained rally will not be seen.
Mid-session Outlook(19-03-2013)
As Political uncertainty mounted due to DMK withdrawn support from UPA Govt therefore market tanked but immediate announcement of reconsidering if Govt supports on Tamil issue. It should be kept in mind that Bear rules during unstable regimes. As DMK has given time to Govt therefore coming days will be full of uncertainty and market will be volatile according to news flow.
Post-open Outlook(19-03-2013)
Bounce back possibility was told in all 3 previous Outlooks of yesterday and today and it was seen today as well as Nifty traded 27 Points up immediately after opening today.
Following line was also told at 08:24 AM today in 'Just Watch 5815-5850 for Market Reaction on RBI Credit Policy'
Nifty slipped within yesterday range immediately after opening and trading within it since then. As next moves preparation within yesterday trading range and its valid break out will form next decisive trend after Credit Policy therefore should be firstly watched today.
Following line was also told at 08:24 AM today in 'Just Watch 5815-5850 for Market Reaction on RBI Credit Policy'
firstly trading is expected within yesterday trading range.
Nifty slipped within yesterday range immediately after opening and trading within it since then. As next moves preparation within yesterday trading range and its valid break out will form next decisive trend after Credit Policy therefore should be firstly watched today.
Bank Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 19-03-2013
-------------------------------------------------
Buy at or above:-11799
-------------------------------
1st Targets:11820
2nd Targets:11847
3rd Targets:11875
4th Targets:11902
-------------------------------
Stop Loss:11772
-------------------------------------------------
Sell at or below:-11772
-------------------------------
1st Targets:11751
2nd Targets:11723
3rd Targets:11696
4th Targets:11669
-------------------------------
Stop Loss:11799
-------------------------------------------------
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.
Buy at or above:-11799
-------------------------------
1st Targets:11820
2nd Targets:11847
3rd Targets:11875
4th Targets:11902
-------------------------------
Stop Loss:11772
-------------------------------------------------
Sell at or below:-11772
-------------------------------
1st Targets:11751
2nd Targets:11723
3rd Targets:11696
4th Targets:11669
-------------------------------
Stop Loss:11799
-------------------------------------------------
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.
Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 19-03-2013
-------------------------------------------------
Buy at or above:-5852
-------------------------------
1st Targets:5868
2nd Targets:5887
3rd Targets:5906
4th Targets:5926
-------------------------------
Stop Loss:5833
-------------------------------------------------
Sell at or below:-5833
-------------------------------
1st Targets:5816
2nd Targets:5797
3rd Targets:5778
4th Targets:5759
-------------------------------
Stop Loss:5852
-------------------------------------------------
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.
-------------------------------
1st Targets:5868
2nd Targets:5887
3rd Targets:5906
4th Targets:5926
-------------------------------
Stop Loss:5833
-------------------------------------------------
Sell at or below:-5833
-------------------------------
1st Targets:5816
2nd Targets:5797
3rd Targets:5778
4th Targets:5759
-------------------------------
Stop Loss:5852
-------------------------------------------------
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.
Just Watch 5815-5850 for Market Reaction on RBI Credit Policy
Technical Analysis and Market Outlook
(19-03-2013)
Nifty-Intra Day Chart (18-Mar-2013):-(19-03-2013)
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel.
2- Lower levels supports and consolidation patterns between 5815-5829
3- Selling between 5831-5850
3- Whole day actual trading between 5815-5850
Conclusions from intra day chart analysis
As lower levels good supports and consolidation patterns formations yesterday therefore Bounce back possibility was told yesterday and being repeated today. As correction is on and only 4/5 hours consolidation is not sufficient therefore more follow up consolidation is required for decisive up moves because good selling and multiple resistances at higher levels upto 5970.
As good selling at higher levels in previous sessions and equally required consolidation has not seen yet therefore only bounce may be seen but immediate big rally can not be expected after whatsoever good announcements by RBI and,on the other hand any disappointment will mean sharp fall also therefore strict stop losses should be kept in the systems because sudden sharp intraday moves can not be ruled out after Credit Policy today.
Minor selling was also seen at higher levels yesterday therefore mixed intraday patterns formations and firstly trading is expected within yesterday trading range. As intraday volatility is also expected after RBI Credit Policy announcement today therefore finally sustaining beyond yesterday trading range(5815-5850) should be watched for the confirmation of market reaction on RBI Credit Policy and next decisive big moves.
FII & DII trading activity in Capital Market Segment on 18-Mar-2013
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Nifty Spot-Levels & Trading Strategy for 19-03-2013
Nifty Spot-Levels
R3 5888
R2 5869
R1 5852
Avg 5833
S1 5816
S2 5797
S3 5780
Nifty Spot-Trading Strategy
H6 5871 Trgt 2
H5 5862 Trgt 1
H4 5854 Long breakout
H3 5844 Go Short
H2 5841
H1 5838
L1 5831
L2 5828
L3 5825 Long
L4 5815 Short Breakout
L5 5807 Trgt 1
L6 5798 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 19-03-2013
Nifty(Mar Fut)-Levels
R3 5903
R2 5886
R1 5868
Avg 5851
S1 5833
S2 5816
S3 5798
Nifty(Mar Fut)-Trading Strategy
H6 5886 Trgt 2
H5 5878 Trgt 1
H4 5870 Long breakout
H3 5860 Go Short
H2 5857
H1 5854
L1 5847
L2 5844
L3 5841 Long
L4 5831 Short Breakout
L5 5823 Trgt 1
L6 5815 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 19-03-201
Bank Nifty(Mar Fut)-Levels
R3 12055
R2 11958
R1 11876
Avg 11779
S1 11697
S2 11600
S3 11518
Bank Nifty(Mar Fut)-Trading Strategy
H6 11974 Trgt 2
H5 11933 Trgt 1
H4 11892 Long breakout
H3 11843 Go Short
H2 11826
H1 11810
L1 11777
L2 11761
L3 11744 Long
L4 11695 Short Breakout
L5 11654 Trgt 1
L6 11613 Trgt 2
Pre-Closing Outlook(18-03-2013)
When Nifty was .79% weak after gap down opening then following line was told today at 01:41:00 PM in Mid-session Outlook(18-03-2013)
Bounce back possibility can not be ruled out
Lower levels supports and consolidation patterns between 5815-5829 today therefore possibility of some up moves and next down moves will be considered after sustaining below 5815.
Bounce back possibility can not be ruled out
Lower levels supports and consolidation patterns between 5815-5829 today therefore possibility of some up moves and next down moves will be considered after sustaining below 5815.
Mid-session Outlook(18-03-2013)
As Cyprus bailout plans triggered fears of an escalation of the eurozone debt crisis therefore blood bath in all Global markets and Indian markets are also more than .79% weak after gap down opening but outperforming global markets because all other Asian and European markets are .80% to 2.70% down. Nifty is quiet between 5815-5842 and not shown selling patterns therefore Bounce back possibility can not be ruled out and valid break out of mentioned trading range will be next moves confirmation.
Sentiment is completely depressed today and slipping below today trading lows(5815) is possible but sustaining below mentioned levels is must for next down moves confirmations.
Sentiment is completely depressed today and slipping below today trading lows(5815) is possible but sustaining below mentioned levels is must for next down moves confirmations.
Following 3 Topics have been updated today. Just click following topic links and go through before trading in coming week
1- Correction Continuation after Pull Back rally termination(Weekly Outlook
(Mar 18 to Mar 22,2013))
2- Bank Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 18-03-2013
3- Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 18-03-2013
Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 18-03-2013
-------------------------------------------------
Buy at or above:-5909
-------------------------------
1st Targets:5926
2nd Targets:5945
3rd Targets:5964
4th Targets:5983
-------------------------------
Stop Loss:5890
-------------------------------------------------
Sell at or below:-5890
-------------------------------
1st Targets:5874
2nd Targets:5855
3rd Targets:5836
4th Targets:5816
-------------------------------
Stop Loss:5909
-------------------------------------------------
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.
Buy at or above:-5909
-------------------------------
1st Targets:5926
2nd Targets:5945
3rd Targets:5964
4th Targets:5983
-------------------------------
Stop Loss:5890
-------------------------------------------------
Sell at or below:-5890
-------------------------------
1st Targets:5874
2nd Targets:5855
3rd Targets:5836
4th Targets:5816
-------------------------------
Stop Loss:5909
-------------------------------------------------
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 Strategy,levels and Targets for 18-03-2013
-------------------------------------------------
Buy at or above:-11881
-------------------------------
1st Targets:11902
2nd Targets:11929
3rd Targets:11956
4th Targets:11984
-------------------------------
Stop Loss:
-------------------------------------------------
Sell at or below:-11853
-------------------------------
1st Targets:11832
2nd Targets:11805
3rd Targets:11778
4th Targets:11751
-------------------------------
Stop Loss:11881
-------------------------------------------------
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.
Buy at or above:-11881
-------------------------------
1st Targets:11902
2nd Targets:11929
3rd Targets:11956
4th Targets:11984
-------------------------------
Stop Loss:
-------------------------------------------------
Sell at or below:-11853
-------------------------------
1st Targets:11832
2nd Targets:11805
3rd Targets:11778
4th Targets:11751
-------------------------------
Stop Loss:11881
-------------------------------------------------
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.
Correction Continuation after Pull Back rally termination
Technical Analysis,Research & Weekly Outlook
(Mar 18 to Mar 22,2013)
Waves Structure of Rally after 2008 correction completion
Nifty-Weekly Chart (15-Mar-2013):-| Just click on chart for its enlarged view |
1- 2252.75 on 27-10-2008(Wave-1 begining after 2008 correction completion)
2- Impulsive Wave-1 Completion(3240.55 on 05-11-2008)
3- Corrective Wave-2 Completion(2539.45 on 06-03-2009)
4- Impulsive Wave-3 Completion(5399.65 on 07-04-2010)
5- Corrective Wave-4 Completion(4786.45 on 28-05-2010)
6- Impulsive Wave-5 Completion(6338.50 on 05-11-2010)
7- Correction beginning after Wave 1 rally completion at 6338.50 on 05-11-2010.
8- Impulsive Wave-1 Completion(5690.35 on 26-11-2010)
9- Corrective Wave-2 Completion(6181.05 on 04-01-2011)
10- Impulsive Wave-3 Completion(4720.00 on 26-08-2011)
11- Corrective Wave-4 Completion(5399.70 on 28-10-2011)
12- Impulsive Wave-5 Completion(4531.15 on 20-12-2011)
13- Rally beginning after 13 Months Wave-2 correction completion at 4531.15 on 20-12-2011.
14- Impulsive Wave-1 Completion(5629.95 on 22-02-2012)
15- Corrective Wave-2 Completion(4770.35 on 04-06-2012)
16- Impulsive Wave-3 Completion(5815.35 on 05-10-2012)
17- Corrective Wave-4 Completion(5548.35 on 20-11-2012)
18- Impulsive Wave-5 Completion(6111.80 on 29-01-2013)
19- Correction beginning after Wave 3 completion at 6111.80 on 29-01-2013.
20- Bottom formation of on going correction at 5663.60 on 04-03-2013 and Pull back rally beginning.
21- Top formation of on going Pull back rally at 5971.20 on 11-03-2013
Conclusions from Weekly chart analysis
As correction of Wave 3 started after 5th wave completion therefore Nifty will correct all 1580.55 of Wave 3 points which gained within whole rally between 4531.15 and 6111.80. Now technical patterns formations and Waves Structure of Wave 3 has to be understood.
Waves Structure of Wave 3
Nifty-EOD Chart (15-Mar-2013):-![]() |
| Just click on chart for its enlarged view |
1- Rally beginning after 13 Months Wave-2 correction completion at 4531.15 on 20-12-2011.
2- Wave-1(5629.95 on 22-02-2012)
3- Wave-2(4770.35 on 04-06-2012)
4- Wave-3(5815.35 on 05-10-2012)
5- Wave-4(5548.35 on 20-11-2012)
6- Wave-5(6111.80 on 29-01-2013)
7- Wave-5 completion after 61 Sessions sideways trading between 5823-6111 with Bearish Head and Shoulders pattern formations and its Neckline(5823) broken down on 26-02-2013.
7- Bottom formation of on going correction at 5663.60 on 04-03-2013 and Pull back rally beginning.
8- Top formation of on going Pull back rally at 5971.20 on 11-03-2013
Conclusions from EOD chart analysis
As Wave-3 correction begun after Wave-5 as well as Bearish Head and Shoulders pattern formations and its Neckline(5823) has also broken down therefore deeper correction was seen. Pull back rally beginning on 04-03-2013 and its completion at 5971.20 on 11-03-2013 as well as fresh down moves started in previous week.
Conclusions (After Putting All Studies Together)
Correction continuation and for its completion following Fibonacci Retracement Levels should be firstly watched:-
13.0%- 5905 (Corrected)
23.6%- 5738 (Corrected)
27.0%- 5684 (Corrected)
38.2%- 5507 (Most crucial Levels)
50.0%- 5321 (Most crucial Levels)
61.8%- 5134 (Most crucial Levels)
70.7%- 4993
76.4%- 4903
78.6%- 4869
88.6%- 4711
Next supports of on going rally are as follows:-
1- 5793
2- 5664
3- 5548
Pull Back rally could not sustain above next strong resistances(5940-5970) and completed after top formation at 5971.20 on 11-03-2013. As good intraday selling seen at higher levels therefore We clearly told for down moves and told following lines in Technical Analysis and Market Outlook(13-03-2013):-
possibility of Pull Back rally termination as well as down moves in the coming sessions.
We repeated above conclusions in following topic again in Correction Continuation and told following lines:-
1- possibility of Pull Back rally termination as well as down moves in the coming sessions.
2- despite more down moves possibility.
Expected that previous week begun correction will remain continued in coming week and above mentioned supports as well as Fibonacci Retracement Levels should be watched for the possibility of correction completion. As good selling seen at higher levels in previous weeks therefore completion consolidation is required for correction completion and let it happen then correction completion will be considered.
FII & DII trading activity in Capital Market Segment on 15-Mar-2013
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Indian Stock Markets Closing Reports(15-Mar-2013)
Main features of today trading are as follows
Ratios
Index Options Put Call Ratio:1.09
Total Options Put Call Ratio:1.05
Nifty P/E Ratio(15-Mar-2013):17.72
Advances & Declines
BSE Advances : 1,089
BSE Declines : 1,786
NSE Advances : 517
NSE Declines : 1,007
Nifty Open Interest Changed Today
Nifty- 5600 CE(Mar)- -6,400(-1.47%)
Nifty- 5600 PE(Mar)- -160,400(-2.20%)
Nifty- 5700 CE(Mar)- -47,800(-4.05%)
Nifty- 5700 PE(Mar)- 47,800(0.44%)
Nifty- 5800 CE(Mar)- -176,650(-5.30%)
Nifty- 5800 PE(Mar)- -775,700(-8.28%)
Nifty- 5900 CE(Mar)- 216,150(3.80%)
Nifty- 5900 PE(Mar)- -470,300(-7.92%)
Nifty- 6000 CE(Mar)- 422,400(5.81%)
Nifty- 6000 PE(Mar)- -535,700(-15.75%)
Closing
Sensex- closed at 19,427.56(-142.88 Points & -0.73%)
Nifty- closed at 5,872.60(-36.35 Points & -0.62%)
CNX Midcap - closed at 7,725.70(-63.40 Points & -0.81%)
CNX Smallcap- closed at 3,302.60(-18.75 Points & -0.56%)
Nifty Spot-Levels & Trading Strategy for 18-03-2013
Nifty Spot-Levels
R3 6008
R2 5976
R1 5924
Avg 5892
S1 5840
S2 5808
S3 5756
Nifty Spot-Trading Strategy
H6 5956 Trgt 2
H5 5937 Trgt 1
H4 5918 Long breakout
H3 5895 Go Short
H2 5887
H1 5879
L1 5864
L2 5856
L3 5848 Long
L4 5825 Short Breakout
L5 5806 Trgt 1
L6 5787 Trgt 2
R3 6008
R2 5976
R1 5924
Avg 5892
S1 5840
S2 5808
S3 5756
Nifty Spot-Trading Strategy
H6 5956 Trgt 2
H5 5937 Trgt 1
H4 5918 Long breakout
H3 5895 Go Short
H2 5887
H1 5879
L1 5864
L2 5856
L3 5848 Long
L4 5825 Short Breakout
L5 5806 Trgt 1
L6 5787 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 18-03-2013
Nifty(Mar Fut)-Levels
R3 6036
R2 6001
R1 5949
Avg 5914
S1 5862
S2 5827
S3 5775
Nifty(Mar Fut)-Trading Strategy
H6 5984 Trgt 2
H5 5964 Trgt 1
H4 5944 Long breakout
H3 5920 Go Short
H2 5912
H1 5904
L1 5889
L2 5881
L3 5873 Long
L4 5849 Short Breakout
L5 5829 Trgt 1
L6 5809 Trgt 2
R3 6036
R2 6001
R1 5949
Avg 5914
S1 5862
S2 5827
S3 5775
Nifty(Mar Fut)-Trading Strategy
H6 5984 Trgt 2
H5 5964 Trgt 1
H4 5944 Long breakout
H3 5920 Go Short
H2 5912
H1 5904
L1 5889
L2 5881
L3 5873 Long
L4 5849 Short Breakout
L5 5829 Trgt 1
L6 5809 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 18-03-2013
Bank Nifty(Mar Fut)-Levels
R3 12341
R2 12220
R1 12049
Avg 11928
S1 11757
S2 11636
S3 11465
Bank Nifty(Mar Fut)-Trading Strategy
H6 12172 Trgt 2
H5 12106 Trgt 1
H4 12039 Long breakout
H3 11959 Go Short
H2 11932
H1 11905
L1 11852
L2 11825
L3 11798 Long
L4 11718 Short Breakout
L5 11651 Trgt 1
L6 11585 Trgt 2
R3 12341
R2 12220
R1 12049
Avg 11928
S1 11757
S2 11636
S3 11465
Bank Nifty(Mar Fut)-Trading Strategy
H6 12172 Trgt 2
H5 12106 Trgt 1
H4 12039 Long breakout
H3 11959 Go Short
H2 11932
H1 11905
L1 11852
L2 11825
L3 11798 Long
L4 11718 Short Breakout
L5 11651 Trgt 1
L6 11585 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Mar 18 to Mar 22,2013)
Nifty Spot-Weekly Levels
R3 6143
R2 6057
R1 5964
Avg 5878
S1 5785
S2 5699
S3 5606
Nifty Spot-Weekly Trading Strategy
H6 6053 Trgt 2
H5 6011 Trgt 1
H4 5970 Long breakout
H3 5921 Go Short
H2 5904
H1 5888
L1 5855
L2 5839
L3 5822 Long
L4 5773 Short Breakout
L5 5732 Trgt 1
L6 5690 Trgt 2
R3 6143
R2 6057
R1 5964
Avg 5878
S1 5785
S2 5699
S3 5606
Nifty Spot-Weekly Trading Strategy
H6 6053 Trgt 2
H5 6011 Trgt 1
H4 5970 Long breakout
H3 5921 Go Short
H2 5904
H1 5888
L1 5855
L2 5839
L3 5822 Long
L4 5773 Short Breakout
L5 5732 Trgt 1
L6 5690 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Mar 18 to Mar 22,2013)
Bank Nifty Spot-Weekly Levels
R3 12872
R2 12556
R1 12186
Avg 11870
S1 11500
S2 11184
S3 10814
Bank Nifty Spot-Weekly Trading Strategy
H6 12517 Trgt 2
H5 12355 Trgt 1
H4 12193 Long breakout
H3 12004 Go Short
H2 11941
H1 11878
L1 11753
L2 11690
L3 11627 Long
L4 11438 Short Breakout
L5 11276 Trgt 1
L6 11114 Trgt 2
R3 12872
R2 12556
R1 12186
Avg 11870
S1 11500
S2 11184
S3 10814
Bank Nifty Spot-Weekly Trading Strategy
H6 12517 Trgt 2
H5 12355 Trgt 1
H4 12193 Long breakout
H3 12004 Go Short
H2 11941
H1 11878
L1 11753
L2 11690
L3 11627 Long
L4 11438 Short Breakout
L5 11276 Trgt 1
L6 11114 Trgt 2
Mid-session Outlook(15-03-2013)
Although Indian markets moved up sharply after WPI data yesterday but we clearly mentioned next Resistances between 5940-5970 in all the previous Outlooks as well as told the condition of valid break out above 5970 for the confirmation of any uptrend. We told following lines in Preparation for Post Credit Policy Trend:-
1- 5874-5893(crossed yesterday but sustaining above is required yet)
2- 5940-5970(strong resistances)
Nifty could not sustain above mentioned resistances despite trading above 5940 today and slipped more than .75% down after loosing more than .50% gains. As today down moves are without as such selling patterns therefore will be understood only intraday volatility and sustaining beyond following crucial levels will decide next trend:-
1- 5874-5893(1st indication)
2- 5940-5970(strong resistances)
3- 5792-5920( Next trend confirmation)
1- 5874-5893(crossed yesterday but sustaining above is required yet)
2- 5940-5970(strong resistances)
Nifty could not sustain above mentioned resistances despite trading above 5940 today and slipped more than .75% down after loosing more than .50% gains. As today down moves are without as such selling patterns therefore will be understood only intraday volatility and sustaining beyond following crucial levels will decide next trend:-
1- 5874-5893(1st indication)
2- 5940-5970(strong resistances)
3- 5792-5920( Next trend confirmation)
Post-open Outlook(15-03-2013)
As most Asian markets moved up sharply in last 1 hour and some turned more than .75% up from negative zone trading therefore sudden improvement in sentiment and benchmark Indices are more than half pct up. Resultant good opening in Indian markets and Nifty traded between next and most crucial resistance range(5940-5970),firstly sustaining beyond 5940 should be watched for next moves first strong indication.
Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 15-03-2013
-------------------------------------------------
Buy at or above:-5948
-------------------------------
1st Targets:5964
2nd Targets:5983
3rd Targets:6003
4th Targets:6022
-------------------------------
Stop Loss:5929
-------------------------------------------------
Sell at or below:-5929
-------------------------------
1st Targets:5912
2nd Targets:5893
3rd Targets:5874
4th Targets:5855
-------------------------------
Stop Loss:5948
-------------------------------------------------
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.
Buy at or above:-5948
-------------------------------
1st Targets:5964
2nd Targets:5983
3rd Targets:6003
4th Targets:6022
-------------------------------
Stop Loss:5929
-------------------------------------------------
Sell at or below:-5929
-------------------------------
1st Targets:5912
2nd Targets:5893
3rd Targets:5874
4th Targets:5855
-------------------------------
Stop Loss:5948
-------------------------------------------------
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.
Preparation for Post Credit Policy Trend
Technical Analysis and Market Outlook(15-03-2013)
Nifty-Intra Day Chart (14-Mar-2013):-
| Just click on chart for its enlarged view |
1- Sharp down after opening and sideways trading till WPI inflation data announcement
2- Slow up moves in Rising Channel after WPI inflation data announcement.
3- Whole day actual trading between 5792-5920
Conclusions from intra day chart analysis
Sharp down immediately after opening and sideways trading till WPI inflation data announcement. As Core inflation reduced therefore recovery on expectations of rates cut by RBI in Credit Policy on 19 March 2013. Although Nifty crossed immediate resistance(5893) and it is strong indication of strength but on the back of positive news flow and up moves were without required force therefore selling development can not be ruled out.
Sentiment turned strong after sharp surge yesterday and Indian markets will trade under the sentiment of rate cut expectations and prepare for post Credit Policy moves. As strong resistances between 5940-5970 therefore any decisive up trend will be possible after valid break out above 5970 and till then range bound market is expected between 5792-5970 under all types of Bullish/Bearish sentiments in pre Credit Policy sessions.
Pre-open Outlook(15-03-2013)
Although US markets closed with sufficient gains yesterday but Asian markets are mixed today morning therefore sentiment is quiet and expected that Nifty will firstly hover around 5900. Strength of resistances are as follows:-
1- 5874-5893(crossed yesterday but sustaining above is required yet)
2- 5940-5970(strong resistances)
Following levels should be firstly watched:-
1- 5874(valid break down will mean fresh down moves)
2- 5893-5940(trading positions within this range will form next trends)
As market has to prepare for next trend therefore post Credit Policy moves will be ubderstood from intraday charts patterns formations and will be updated in Mid-session Outlooks.
FII & DII trading activity in Capital Market Segment on 14-Mar-2013
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Nifty Spot-Levels & Trading Strategy for 15-03-2013
Nifty Spot-Levels
R3 6084
R2 6002
R1 5955
Avg 5873
S1 5826
S2 5744
S3 5697
Nifty Spot-Trading Strategy
H6 6039 Trgt 2
H5 6009 Trgt 1
H4 5978 Long breakout
H3 5943 Go Short
H2 5931
H1 5919
L1 5896
L2 5884
L3 5872 Long
L4 5837 Short Breakout
L5 5806 Trgt 1
L6 5776 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 15-03-2013
Nifty(Mar Fut)-Levels
R3 6134
R2 6041
R1 5990
Avg 5897
S1 5846
S2 5753
S3 5702
Nifty(Mar Fut)-Trading Strategy
H6 6086 Trgt 2
H5 6052 Trgt 1
H4 6018 Long breakout
H3 5978 Go Short
H2 5965
H1 5952
L1 5925
L2 5912
L3 5899 Long
L4 5859 Short Breakout
L5 5825 Trgt 1
L6 5791 Trgt 2
R3 6134
R2 6041
R1 5990
Avg 5897
S1 5846
S2 5753
S3 5702
Nifty(Mar Fut)-Trading Strategy
H6 6086 Trgt 2
H5 6052 Trgt 1
H4 6018 Long breakout
H3 5978 Go Short
H2 5965
H1 5952
L1 5925
L2 5912
L3 5899 Long
L4 5859 Short Breakout
L5 5825 Trgt 1
L6 5791 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 15-03-2013
Bank Nifty(Mar Fut)-Levels
R3 12828
R2 12480
R1 12285
Avg 11937
S1 11742
S2 11394
S3 11199
Bank Nifty(Mar Fut)-Trading Strategy
H6 12656 Trgt 2
H5 12522 Trgt 1
H4 12388 Long breakout
H3 12239 Go Short
H2 12189
H1 12139
L1 12040
L2 11990
L3 11940 Long
L4 11791 Short Breakout
L5 11657 Trgt 1
L6 11523 Trgt 2
R3 12828
R2 12480
R1 12285
Avg 11937
S1 11742
S2 11394
S3 11199
Bank Nifty(Mar Fut)-Trading Strategy
H6 12656 Trgt 2
H5 12522 Trgt 1
H4 12388 Long breakout
H3 12239 Go Short
H2 12189
H1 12139
L1 12040
L2 11990
L3 11940 Long
L4 11791 Short Breakout
L5 11657 Trgt 1
L6 11523 Trgt 2
Pre-Closing Outlook(14-03-2013)
As today rally is news based and on rate cut expectations by RBI in Credit Policy on 19 March 2013 therefore follow up moves in the coming 2 sessions will be watched for next moves confirmations. Strong resistances between 5940-5970 and sustaining it beyond after Credit Policy will be confirmations of next big trend and expected that till then Nifty will trade between 5792-5970 under all types of Bullish/Bearish sentiments.
Mid-session Outlook(14-03-2013)
As Core inflation reduced therefore recovery from lower levels on rate cut expectations by RBI in Credit Policy on 19 March 2013. Nifty is trading above immediate resistance(5893) for the last 1 hour and it is strong indication of strength. Market showed good enthusiasm after inflation data and it may remain continued up to Credit Policy as well as follow up trading positions tomorrow and next Monday will decide next trend but should be kept in mind that any decisive up trend will be possible after valid break out above 5970 and till then range bound market is expected between 5792-5970.
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