Bank Nifty Spot-Weekly Levels & Trading Strategy(Apr 01 to Apr 05,2013)

Bank Nifty Spot-Weekly Levels

R3 11865
R2 11639
R1 11500
Avg 11274
S1 11135
S2 10909
S3 10770

Bank Nifty Spot-Weekly Trading Strategy 

H6  11737    Trgt 2
H5  11650    Trgt 1
H4  11562    Long breakout
H3  11462    Go Short
H2  11428
H1  11395
L1  11328
L2  11295
L3  11261    Long
L4  11161     Short Breakout
L5  11073     Trgt 1
L6  10986    Trgt 2

Live Proofs of our Accurate Predictions

Nifty closed 47 points up today but when Nifty was trading 20 points down at 12:04 PM then following line was told in Mid-session Outlook(28-03-2013):-

Bounce Back possibility will be considered at this moment

Pre-Closing Outlook(28-03-2013)

When Indian markets were trading near today lower levels then we told only for Bounce Back possibility and it was seen also today. Follow up moves and firstly sustaining beyond 5600 will be watched for next immediate move confirmation in the coming week and accordingly correction continuation or trend reversal will be considered.

Mid-session Outlook(28-03-2013)

Although most depressing sentiment today morning due to steep fall in most of the Global markets but Indian markets opened positive therefore out performance by Indian markets and we told following line at 09:41 AM in Post-open Outlook(28-03-2013):-

"firstly sustaining beyond 5600(psychological level) should be watched for next immediate move confirmation" 

Nifty could not test 5600 and recovered from 5604.85 as well as some support also seen at lower levels and it is 1st sign of consolidation but many factors are suggesting Bearish markets therefore only Bounce Back possibility will be considered at this moment . Follow up moves and firstly sustaining beyond 5600 should be watched for next immediate move confirmation.

Post-open Outlook(28-03-2013)

Crashing like situation in most of the Global markets and Indian markets are trading in Red also since opening but Indian markets are not much down and outperforming therefore firstly sustaining beyond 5600(psychological level) should be watched for next immediate move confirmation. 

NIFTY-Mar Put Option(5600)-Positional Buying of 26-03-2013-Covering

NIFTY-Mar PE(5600)-Positional Bought on 26-03-2013-Cover immediately-CMP-14(Lalit39)

Technical Analysis and Market Outlook(28-03-2013)

Nifty-EOD Chart (26-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave v of Wave 3 completion(6111.80 on 29-01-2013) 
2- and Wave 4(ABC correction) beginning
3- Wave A(5663.60 on 04-03-2012)
4- Wave A retraced 448.20 points.
5- Wave B(5971.20 on 11-03-2012)
6- Wave B gained 307.60 points
7- Wave C bottom formation at 5612.05 on 26-03-2012
8- Wave C has retraced 359.15 points yet. 
9- Corrective Wave C of Wave 4 continuation.
10- 200 Day EMA at 5671
11- 200 Day DMA at 5624
12- Last 4 sessions closing betwen 200 Day DMA and EMA

Nifty-Intra Day Chart (26-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising channel
3- Whole day actual trading between 5618-5654

Conclusions (After Putting All Studies Together)

Short and Intermediate Term Trend are down and Long Term trend is struggling between 200 Day DMA(5624) and EMA(5671) through closing between these 2 Averages for the last 4 sessions. As selling patterns formations in the intraday charts of 27-03-2012 therefore correction continuation is expected.

Detailed analysis of EOD charts have already been updated in following topics. Just click following topic links and understand Indian Stock markets technicals:-

1- Long Term Trend is at stake
2- Correction completion confirmation after sustaining above 5672

FII Trading Data in Derivatives Segment on 26-Mar-2013

FII & DII trading activity in Capital Market Segment on 26-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 26-Mar-2013 2898.54 2360.27 538.27

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Mar-2013 928.57 1052.78 -124.21

Indian Stock Markets Closing Reports(26-Mar-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio:0.80
Total Options Put Call Ratio:0.80
Nifty P/E Ratio(26-Mar-2013):16.97

Advances & Declines

BSE Advances : 1,255
BSE Declines : 1,495
NSE Advances :   664
NSE Declines :   838

Nifty Open Interest Changed Today

Nifty- 5500  CE(Mar)- 161,500(34.96%)
Nifty- 5500  PE(Mar)- 287,300(18.57%)

Nifty- 5600  CE(Mar)- 393,000(45.42%)
Nifty- 5600  PE(Mar)- 819,000(23.45%)

Nifty- 5700  CE(Mar)- 714,650(37.35%)
Nifty- 5700  PE(Mar)- 19,000(0.55%)

Nifty- 5800  CE(Mar)- -21,300(-0.80%)
Nifty- 5800  PE(Mar)-  5,100(0.37%)

Closing 

Sensex- closed at 18,704.53(23.11 Points & 0.12%)
Nifty- closed at 5,641.60(7.75 Points & 0.14%)
CNX Midcap - closed at 7,291.05(-13.15 Points & -0.18%)
CNX Smallcap- closed at 3,085.90(-2.55 Points & -0.08%)

Nifty Spot-Levels & Trading Strategy for 28-03-2013

Nifty Spot-Levels

R3 5703
R2 5679
R1 5660
Avg 5636
S1 5617
S2 5593
S3 5574

Nifty Spot-Trading Strategy

H6 5684     Trgt 2
H5 5674     Trgt 1
H4 5664     Long breakout
H3 5652     Go Short
H2 5648
H1 5644
L1 5637
L2 5633
L3 5629     Long
L4 5617     Short Breakout
L5 5607     Trgt 1
L6 5597     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2013

Nifty(Mar Fut)-Levels

R3 5698
R2 5678
R1 5659
Avg 5639
S1 5620
S2 5600
S3 5581

Nifty(Mar Fut)-Trading Strategy

H6 5679     Trgt 2
H5 5670     Trgt 1
H4 5661     Long breakout
H3 5650     Go Short
H2 5647
H1 5643
L1 5636
L2 5632
L3 5629     Long
L4 5618     Short Breakout
L5 5609     Trgt 1
L6 5600     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2013

Bank Nifty(Mar Fut)-Levels

R3 11350
R2 11274
R1 11216
Avg 11140
S1 11082
S2 11006
S3 10948

Bank Nifty(Mar Fut)-Trading Strategy

H6 11293     Trgt 2
H5 11262     Trgt 1
H4 11231     Long breakout
H3 11194     Go Short
H2 11182
H1 11170
L1 11145
L2 11133
L3 11121     Long
L4 11084     Short Breakout
L5 11053     Trgt 1
L6 11022     Trgt 2

NIFTY-Mar Put Option-Buying Trade

NIFTY-Mar Put Option(5600)-Buy-Positional-SL-00-TGT-40-CMP-14(Lalit39)

Pre-Closing Outlook(26-03-2013)

Although recovery from lower levels immediately after opening and continuous up moves also upto 01:30 PM but we told following line at 12:18 PM in Mid-session Outlook(26-03-2013):-

much up moves are not expected

As told same happened and much up moves not seen as well as range bound trading between  5612-5654 with selling indications also in today intraday charts therefore correction continuation is expected.

Mid-session Outlook(26-03-2013)

Following line was told at today 07:48 AM in Long Term Trend is at stake

initial weakness is possible but some recovery from lower levels and intraday volatility can not be ruled out today 

As told same happened and Nifty recovered 35 points from lower levels after weak opening today but up moves are without force therefore much up moves are not expected any decisive up move will not be considered until Nifty will not sustain above 5672/5702.

Nifty(Mar Fut)- Intraday Trading levels , Strategy and Targets for 26-03-2013

 -------------------------------------------------
Buy at or above:-5662
-------------------------------
1st Targets:5678
2nd Targets:5697
3rd Targets:5716
4th Targets:5735
-------------------------------
Stop Loss:5643
-------------------------------------------------
Sell at or below:-5643
-------------------------------
1st Targets:5627
2nd Targets:5609
3rd Targets:5590
4th Targets:5571
-------------------------------
Stop Loss:5662
-------------------------------------------------
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 levels,Strategy and Targets for 26-03-2013

-------------------------------------------------
Buy at or above:-11156
-------------------------------
1st Targets:11177
2nd Targets:11203
3rd Targets:11230
4th Targets:11256
-------------------------------
Stop Loss:11130
-------------------------------------------------
Sell at or below:-11130
-------------------------------
1st Targets:11109
2nd Targets:11083
3rd Targets:11056
4th Targets:11030
-------------------------------
Stop Loss:11156
-------------------------------------------------
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.

Long Term Trend is at stake
Technical Analysis and Market Outlook

(26-03-2013)

Nifty-EOD Chart (25-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave 2 completion and Wave 3 beginning(4770.35 on 04-06-2012)
2- Wave i(5348.55 on 10-07-2012)
3- Wave ii(5032.40 on 26-07-2012)
4- Wave iii(5815.35 on 05-10-2012) 
5- Wave iv(5548.35 on 20-11-2012)
6- Wave v(6111.80 on 29-01-2013) 
7- Wave 3 completion and Wave 4(ABC correction) beginning
8- Wave A(5663.60 on 04-03-2012)
9- Wave A retraced 448.20 points.
10- Wave B(5971.20 on 11-03-2012)
11- Wave B gained 307.60 points
12- Wave C bottom formation at 5624.40 on 25-03-2012
13- Wave C has retraced 346.80 points yet. 
13- Corrective Wave C of Wave 4 continuation.
14- 200 Day EMA at 5672
15- 200 Day DMA at 5621

Conclusions from EOD chart analysis 

ABC Waves of Wave 4 continuation and Wave A retraced 448.20 points therefore equal 100% retracement of Wave c can not be ruled out. Wave C correction continuation is expected next target is at:-

5971.20(Wave B)-448.20(Wave A lost)=5523.00 

Next strong support is at 5548.35 which is near 5523.00 therefore these 2 levels will be watched in the coming sessions for on going  Wave 4 correction completion. It should be kept in mind that Nifty has closed 3 consecutive days below 200 Day EMA(5672) therefore high risk on Long Term Trend turning down and Indian markets moving into Bear Grip. As Nifty closed between 200 Day DMA(5621) and EMA(5672) in last 3 sessions therefore sustaining beyond 5621 should also be watched because Long Term Trend is at stake.

As Wave 4 correction after Bearish Head and Shoulders pattern formations therefore until such big reversal Bullish pattern will not form till then correction will not complete and will remain continued and following retracement levels of wave 3(4770-6111) should be kept in mind:-

13.0%- 5936(Corrected)
23.6%- 5794(Corrected)
27.0%- 5748(Corrected)
38.2%- 5598(Most crucial Levels)
50.0%- 5440(Most crucial Levels)
61.8%- 5282(Most crucial Levels)
70.7%- 5162
76.4%- 5086
78.6%- 5056
88.6%- 4922

Pre-open Outlook(26-03-2013)

Sentiment is depressed today morning because some Asian markets are in Red after negative closing of US markets yesterday therefore initial weakness is possible but some recovery from lower levels and intraday volatility can not be ruled out today and until Nifty will not sustain above 5702 till then any rally will not be considered.

FII & DII trading activity in Capital Market Segment on 25-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 25-Mar-2013 3366.18 2648.29 717.89

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 25-Mar-2013 1089.57 1515.18 -425.61

Nifty Spot-Levels & Trading Strategy for 26-03-2013

Nifty Spot-Levels

R3 5786
R2 5752
R1 5692
Avg 5658
S1 5598
S2 5564
S3 5504

Nifty Spot-Trading Strategy

H6 5727     Trgt 2
H5 5705     Trgt 1
H4 5684     Long breakout
H3 5658     Go Short
H2 5650
H1 5641
L1 5624
L2 5615
L3 5607     Long
L4 5581     Short Breakout
L5 5560     Trgt 1
L6 5538     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 26-03-2013

Nifty(Mar Fut)-Levels

R3 5781
R2 5749
R1 5697
Avg 5665
S1 5613
S2 5581
S3 5529

Nifty(Mar Fut)-Trading Strategy

H6 5729     Trgt 2
H5 5710     Trgt 1
H4 5691     Long breakout
H3 5668     Go Short
H2 5660
H1 5652
L1 5637
L2 5629
L3 5621     Long
L4 5598     Short Breakout
L5 5579     Trgt 1
L6 5560     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 26-03-2013

Bank Nifty(Mar Fut)-Levels

R3 11624
R2 11512
R1 11328
Avg 11216
S1 11032
S2 10920
S3 10736

Bank Nifty(Mar Fut)-Trading Strategy

H6 11441     Trgt 2
H5 11373     Trgt 1
H4 11306     Long breakout
H3 11225     Go Short
H2 11198
H1 11171
L1 11116
L2 11089
L3 11062     Long
L4 10981     Short Breakout
L5 10914     Trgt 1
L6 10846     Trgt 2

Pre-Closing Outlook(25-03-2013)

When most Asian markets were strong and SGX Nifty was more than 50 points up then also we were not Bullish and following conclusive lines were posted today at 08:55 AM in Correction completion confirmation after sustaining above 5672

positive opening will be seen in Indian markets and sustaining above following resistances will be strong indication of correction completion otherwise Bounce Back or Pull Back Rally will be understood.

When most European markets were trading with good gains after strong opening then also we were not Bullish and told for next moves confirmation through sustaining beyond 5682-5702.

Again fast slipping below 5672 and closing again below it will mean 3rd consecutive closing below Long Term Trend decider 200 Day EMA(5672) and high risk of Indian markets moving into Bear Grip.

Mid-session Outlook(25-03-2013)

Quiet market after gap up opening between 5682-5702 in last 4 hours,sustaining beyond this range will give confirmation to Wave 4 correction continuation or completion as well as that will give confirmation to survival of Long Term Trend(200 Day EMA-5672).

Correction completion confirmation after sustaining above 5672

Technical Analysis,Research & Weekly Outlook

(Mar 25 to Mar 28,2013)

Nifty-EOD Chart (22-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Wave-3 beginning after 13 Months Wave-2 correction completion) 
2- Wave 1(5629.95 on 22-02-2012)
3- Wave 2(4770.35 on 04-06-2012)
4- Wave i(5348.55 on 10-07-2012)
5- Wave ii(5032.40 on 26-07-2012)
6- Wave iii(5815.35 on 05-10-2012) 
7- Wave iv(5548.35 on 20-11-2012)
8- Wave v(6111.80 on 29-01-2013) 
9- Wave 3 completion
10- Wave A(5663.60 on 04-03-2012)
11- Wave B(5971.20 on 11-03-2012)
12- Wave C bottom formation at 5631.80 on 22-03-2012 
13- Wave 4 correction continuation
14- 200 Day EMA at 5672 on 22-03-2012

Conclusions from EOD chart analysis 

'ABC' correction continuation after Wave v of Wave 3 completion. As correction continuation after 5 waves completion and its completion confirmation is required yet and following retracement levels of wave 3(4770-6111) should be firstly watched:-

13.0%- 5936(Corrected)
23.6%- 5794(Corrected)
27.0%- 5748(Corrected)
38.2%- 5598(Most crucial Levels)
50.0%- 5440(Most crucial Levels)
61.8%- 5282(Most crucial Levels)
70.7%- 5162
76.4%- 5086
78.6%- 5056
88.6%- 4922

Next supports are as follows:-

1- 5664
2- 5548

Wave C bottom formation at 5631.80 on 22-03-2012 and 27.0% has been completed. Previous 2 sessions closing below Long Term Trend decider 200 Day EMA(5672) and Wave 4 correction completion confirmation is requird yet therefore sustaining beyond 5672 should be firstly watched in next week for first indication of Wave C of  Wave 4 completion.

Pre-open Outlook(25-03-2013)

Most Asian markets are strong today after US markets closing with good gains last Friday therefore positive opening will be seen in Indian markets and sustaining above following resistances will be strong indication of correction completion otherwise Bounce Back or Pull Back Rally will be understood.

1- 5676-5690
2- 5731-6777
3- 5820-5850

Blog will be updated tomorrow

Live Proofs of our Accurate Predictions

Nifty slipped continuously and traded most time in Red but we told 4 times for that bounce back means sharp up move which was seen after 02:25 PM:-

1-We told at 11:28 AM- "bounce back expectations turned alive today"

2-We told at 01:22 PM-"bounce back expectations are still alive"

3-We told at 01:51 PM-"bounce back expectations are still alive"

4-We told at 02:18 PM-"bounce back expectations are still alive"

Just click on above mentioned time links and verify on yours own

Not only yesterday but 'Archive' at the bottom of Blog' is live proof of more than hundreds of such accurate and miraculous predictions in last 3 years. Anyone can verify this facts anytime from the Blog 'Archive'.

Pre-Closing Outlook-2(22-03-2013)

As all the European market slipped fast after weak opening therefore Indian markets also broken down today lowest(5641) but today intraday patterns are showing good consolidations patterns therefore bounce back expectations are still alive and next immediate down moves will be considered only after sustaining below 5641. 

Pre-Closing Outlook(22-03-2013)

Narrow range quiet market between 5641-5676 today with intraday consolidation patterns and some selling patterns indications also at higher levels but volatility also after weak opening of European markets. As intraday patterns are showing good consolidations patterns therefore bounce back expectations are still alive but some selling also at higher levels as well as Global markets weakness therefore valid break out today trading range will be next immediate move confirmation.

Mid-session Outlook-2(22-03-2013)

Although trading most time in Red during last 3 hours but intraday patterns are showing good consolidations patterns also therefore bounce back expectations are still alive.

Mid-session Outlook(22-03-2013)

Intraday recovery after lower levels consolidations but some selling patterns indications also in last half hour therefore both buying and selling positions between 5641-5676 today and follow up moves this range as well as its valid break out will be next immediate move confirmation.

Post-open Outlook(22-03-2013)

Most Global markets are weak but Indian markets traded most time in Green in first hour today therefore outperformed. First hour completely range bound trading between 5650-5676 but slipped and now trading in Red after forming new intraday low 10 minutes before. As intraday charts are showing consolidation indications therefore bounce back expectations turned alive today. Let on going down moves stop and develop the signals of Short Term Trend reversal some up moves will be considered.

Fresh shorting at these levels will be risky.

Nifty(Mar Fut)- Intraday Trading levels , Strategy and Targets for 22-03-2013

 -------------------------------------------------
Buy at or above:-5681
-------------------------------
1st Targets:5697
2nd Targets:5716
3rd Targets:5735
4th Targets:5754
-------------------------------
Stop Loss:5662
-------------------------------------------------
Sell at or below:-5662
-------------------------------
1st Targets:5646
2nd Targets:5627
3rd Targets:5609
4th Targets:5590
-------------------------------
Stop Loss:5681
-------------------------------------------------
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 levels,Strategy and Targets for 22-03-2013

-------------------------------------------------
Buy at or above:-11262
-------------------------------
1st Targets:11283
2nd Targets:11309
3rd Targets:11336
4th Targets:11363
-------------------------------
Stop Loss:11236
-------------------------------------------------
Sell at or below:-11236
-------------------------------
1st Targets:11215
2nd Targets:11188
3rd Targets:11162
4th Targets:11135
-------------------------------
Stop Loss:11262
-------------------------------------------------
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.

Technical Analysis and Market Outlook(22-03-2013)

Nifty-Intra Day Chart (21-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly bounce back after after UPA Govt. favouring decision by Mulayam Singh Yadav.
2- Selling between 5735-5757 
3- Whole day actual trading between 5650-5757

Conclusions from intra day chart analysis 

Just click following topic links for the analysis of detailed technical analysis:-

1- Correction Continuation after Pull Back rally termination(Updated on 18-03-2013)
2- Testing possibility of 5672(Updated on 20-03-2013)

Although firstly down moves and bounce back after UPA Govt. favouring decision by Mulayam Singh Yadav but emergence of selling could not sustain above 1st resistance(5745) and continuous down moves in last more than 2 hours. Huge selling at higher levels in last more than 3 months with Bearish Head and Shoulders formation and today closing below Long Term Trend decider 200-Day EMA(5672) means high possibility of its turning down.

As 200-Day EMA breaking down was due to negative news of political uncertainly therefore sustaining below 5672 has also to be watched in the next 2/3 sessions for the confirmation of Long Term Trend turning down and beginning of Bear phase. Complete consolidation patterns are required on EOD charts for the beginning of decisive up moves but Pull Back rally can not be ruled out any day after intraday and 2/3 days consolidations.

View is cautious because high possibility of Long Term Trend turning down through finally sustaining below 5672.

FII Trading Data in Derivatives Segment on 21-Mar-2013

FII & DII trading activity in Capital Market Segment on 21-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 21-Mar-2013 3469.45 3101.14 368.31

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Mar-2013 1249.68 1279.76 -30.08

Nifty Spot-Levels & Trading Strategy for 22-03-2013

Nifty Spot-Levels

R3 5837
R2 5797
R1 5727
Avg 5687
S1 5617
S2 5577
S3 5507

Nifty Spot-Trading Strategy

H6 5768     Trgt 2
H5 5743     Trgt 1
H4 5718     Long breakout
H3 5688     Go Short
H2 5678
H1 5668
L1 5647
L2 5637
L3 5627     Long
L4 5597     Short Breakout
L5 5572     Trgt 1
L6 5547     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2013

Nifty(Mar Fut)-Levels

R3 5856
R2 5814
R1 5739
Avg 5697
S1 5622
S2 5580
S3 5505

Nifty(Mar Fut)-Trading Strategy

H6 5781     Trgt 2
H5 5754     Trgt 1
H4 5728     Long breakout
H3 5696     Go Short
H2 5685
H1 5674
L1 5653
L2 5642
L3 5631     Long
L4 5599     Short Breakout
L5 5573     Trgt 1
L6 5546     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2013

Bank Nifty(Mar Fut)-Levels

R3 11761
R2 11644
R1 11446
Avg 11329
S1 11131
S2 11014
S3 10816

Bank Nifty(Mar Fut)-Trading Strategy

H6 11565     Trgt 2
H5 11493    Trgt 1
H4 11422     Long breakout
H3 11335     Go Short
H2 11306
H1 11277
L1 11220
L2 11191
L3 11162     Long
L4 11075     Short Breakout
L5 11004     Trgt 1
L6 10932     Trgt 2

Pre-Closing Outlook-2(21-03-2013)

Sentiment is most depressed and Nifty has slipped below 5650 also but confirmation is must through sustaining below 5672 in the coming sessions for Long Term Trend turning down.

Pre-Closing Outlook(21-03-2013)

High volatility just above Long Term Trend decider 200-Day EMA amid political uncertainly and will not be resolved properly then Long Term Trend will be down after sustaining below 5672. As technically huge selling at higher levels in last 3 months therefore Indian markets are well prepared for huge fall and political uncertainty has fuelled this possibility in last 2/3 days. Following line was told in previous Outlook at 01:39:00 PM and being repeated:-

chances are high of finally sustaining below 5672

Mid-session Outlook-2(21-03-2013)

Following levels were updated in both previous Outlooks:-

1- sustaining above 5745 should be firstly watched for the possibility of strong Pull Back Rally confirmations.

2- Nifty is trading and preparing for next moves between 5730-5746 for the last more than 1 hour. Follow up move within this range and valid break out of this range should be firstly watched for next trend confirmations.

Although Nifty moves above 5745 but could not sustain above and again slipped below the range of 5730-5746.

I would like add here that next resistance above 5745 is at 5777 therefore strong Pull Back Rally confirmations will be above 5777. Next down moves first indication will be after sustaining below 4730 and finally sustaining beyond 200-Day EMA(5672) will decide that Long Term Trend which may last for many months or a year also.

Today is different news led volatile day and finally sustaining beyond 5672-5777 should be watched because that will give next Long Term trend confirmations and it should also be kept in mind that chances are high of finally sustaning below 5672

Mid-session Outlook(21-03-2013)

As selling between 5730-5745 yesterday therefore following line was told in Post-open Outlook(21-03-2013):-

sustaining above 5745 should be firstly watched for the possibility of strong Pull Back Rally confirmations.

Nifty is trading and preparing for next moves between 5730-5746 for the last more than 1 hour. Follow up move within this range and valid break out of this range should be firstly watched for next trend confirmations.

Post-open Outlook(21-03-2013)

Possibility of only bounce back was told and it was seen immediately after opening today. Testing possibility of 5672 was also told in almost all the last 2 days Outlooks and lowest formation at 5670.5 today. Hovering around 5672 was also today and immediate 30 points recovery from 5670.5 and Nifty is trading above 5700. Following line was also told today in Technical Analysis and Market Outlook(21-03-2013):-

some up moves also can not be ruled out after expected UPA Govt. favouring decision by Mulayam Singh Yadav today

As immediate relief to UPA Govt.from Mulayam Singh Yadav today and support not withdrawn therefore good recovery also from lower levels and Nifty is trading near about today higher levels.

As positive news flow today therefore some up moves can not be ruled out but multiple resistance at higher levels therefore follow up consolidation is required for any decisive rally and sustaining above 5745 should be firstly watched for the possibility of strong Pull Back Rally confirmations.

Technical Analysis and Market Outlook(21-03-2013)

Nifty-Intra Day Chart (20-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5730-5745 
2- Down moves are in Bullish falling channel
3- Whole day actual trading between 5683-5745 

Conclusions from intra day chart analysis 

200-Day EMA is at 5672 and Long Term Trend will be decided through sustaining it beyond,hovering around it is expected in the coming sessions. It should be kept in mind that political uncertainity may remain continued in the coming months and years also because till Elections always risk of Govt. falling and after Elections also  things may be worst if next Prime Minister will be from other than Congress or BJP.

Technically huge selling at higher levels in last 3 months and down moves continuation is expected. A phase of political uncertainity may begin and different news led volatility may be seen also therefore day to day news will effect intraday trading. As, Mulayam Singh Yadav will take his decision of his supports to UPA Govt today. Expected that Mulayam Singh Yadav will not withdraw support today and only some conditions will be decided.

Although some selling at higher levels and slipped also yesterday but down moves were in Bullish falling channel therefore bounce back is expected today and some up moves also can not be ruled out after expected UPA Govt. favouring decision by Mulayam Singh Yadav today. As multiple resistance at higher levels therefore follow up consolidation is required for any decisive rally and following resistances have to be watched during expected up moves today:-

1- 5745
2- 5777
3- 5850
4- 5970(Strong resistance)

Nifty(Mar Fut)- Intraday Trading levels , Strategy and Targets for 21-03-2013

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Buy at or above:-5719
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1st Targets:5735
2nd Targets:5754
3rd Targets:5773
4th Targets:5792
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Stop Loss:5700
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Sell at or below:-5700
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1st Targets:5684
2nd Targets:5665
3rd Targets:5646
4th Targets:5627
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Stop Loss:5719
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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 levels,Strategy and Targets for 21-03-2013

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Buy at or above:-11315
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1st Targets:11336
2nd Targets:11363
3rd Targets:11389
4th Targets:11416
-------------------------------
Stop Loss:11289
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Sell at or below:-1289
-------------------------------
1st Targets:11268
2nd Targets:11241
3rd Targets:11215
4th Targets:11188
-------------------------------
Stop Loss:11315
-------------------------------------------------
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.

FII Trading Data in Derivatives Segment on 20-Mar-2013