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Nifty(Mar Fut)-Levels & Trading Strategy for 02-03-2012

Nifty(Mar Fut)-Levels

R3 5517
R2 5472
R1 5431
Avg 5386
S1 5345
S2 5300
S3 5259

Nifty(Mar Fut)-Trading Strategy

H6 5476     Trgt 2
H5 5457     Trgt 1
H4 5437     Long breakout
H3 5413     Go Short
H2 5405
H1 5397
L1 5382
L2 5374
L3 5366     Long
L4 5342     Short Breakout
L5 5322     Trgt 1
L6 5303     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 02-03-2012

Bank Nifty(Mar Fut)-Levels

R3 10754
R2 10626
R1 10505
Avg 10377
S1 10256
S2 10128
S3 10007

Bank Nifty(Mar Fut)-Trading Strategy

H6 10636     Trgt 2
H5 10578     Trgt 1
H4 10520     Long breakout
H3 10452     Go Short
H2 10429
H1 10406
L1 10361
L2 10338
L3 10315     Long
L4 10247     Short Breakout
L5 10189     Trgt 1
L6 10131     Trgt 2

Pre-Closing Outlook(01-03-2012)


Although Indian markets slipped whole day from higher levels and traded in Red but without intraday selling patterns therefore we never told for today intraday selling. Lower levels support was projected in Mid-session Outlook and sharp more than 57 Nifty points recovery was seen from lower levels.

Although first 4 hours trading range lowest was at 5313 but we were expecting support at lower levels therefore we gave 5300 for down move confirmation and Nifty reversed exactly from 5297.50.

Nifty is hovering around 5340 for the last 4 sessions and lower levels support also seen after last 2 sessions higher levels selling therefore next moves preparation and next trend confirmation range is 5298-5458.

Mid-session Outlook(01-03-2012)

As 5340 is Intermediate term trend decider therefore its importance is being continuously being today daily for the last one week and Nifty is hovering it around for the last 4 days.

Nifty is trading between 5313-5349 since opening today and preparing for next decisive move. Although Nifty could not sustain at higher levels but getting support at lower levels also. If Nifty slips below 5300 then it will be deep down confirmation and sustaining above 5349 will be confirmation of today consolidation as well survival of Intermediate term uptrend.

Post-open Outlook-2(01-03-2012)

Nifty slipped below 5346/5340 and sustaining below confirmations will mean deeper correction possibility after Intermediate term trend turning down.

All the important points and crucial levels for a market below 5340 have already been been discussed and updated on 27-02-2012 in following topic:-


Just click above topic link and prepare yourself for Intermediate term down trend

Post-open Outlook(01-03-2012)

As selling yesterday therefore Following 4 projections were given today in 5346-5390 break out for correction continuation/completion confirmation:-

1- More than 3 hours good selling between 5458-5422
2- market require more consolidation to cross 5458
3- As good selling therefore correction continuation risk turned higher
4- until Nifty will not sustain above 5458 till then next up move will not be considered.

Weak opening today therefore Intermediate trend turning down risk turned high.

5346-5390 break out for correction continuation/completion confirmation

Nifty-Intra Day Chart(Feb 28 and Feb 29,2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 sessions intraday charts

1- More than 5 hours trading between 5346-5390 on 28-02-2012
2- More than 2 hours trading between 5346-5390 on 29-02-2012
3- More than 3 hours good selling between 5458-5422 on 29-02-2012
4- Minor support between 5357-5372 on 29-02-2012
5- Technical position of 28-02-2012 has been updated in Firstly Watch Correction fate decider 5346-5390 on 28-02-2012

Conclusions

Correction of 1098 Nifty Points rally is on and Short term trend is confirm down. Intermediate term trend is at stake and sustaining beyond 5340 will decide its fate.

Nifty traded more than 7 hours between 5346-5390 in last 2 sessions with mixed intraday patterns and sustaining below 5346 will mean intermediate term trend turning down and sharp down moves will be seen to test next support ranges. Sustaining above 5390 will mean rally continuation after correction completion.

More than 3 hours good selling between 5458-5422 and lower level minor support on 29-02-2012 therefore market require more consolidation to cross 5458. As good selling therefore correction continuation risk turned higher and until Nifty will not sustain above 5458 till then next up move will not be considered.

More than 7 hours trading between 5346-5390 in 2 previous sessions with buying at lower levels and selling at higher levels within and above this range therefore expected that Nifty will firstly trade between this range and sustaining below this range will give deeper correction confirmation after sustaining below 5346 and correction completion first indication above 5390 and confirmation will be above 5458.

Indian Stock Markets Closing Reports(29-Feb-2012)


Main features of today trading are as follows

1- Most Indices closed with minor gains or minor loss.
2- Most Indices slipped from intraday higher levels and closed little above intraday lows.
3- Black Candle.

Ratios

Nifty Put Call Ratio: 1.10
Nifty P/E Ratio(29-Feb-2012): 19.09

Advances & Declines

BSE Advances : 1573
BSE Declines : 1329
NSE Advances :  844
NSE Declines :  600

Closing 

Nifty- closed at 5,385.20(+9.70 Points & +0.18%)
Sensex- closed at 17,752.68(+21.56 Points & +0.12% )
CNX Midcap - closed at 7,705.60(+94.30 Points & +1.24%)
BSE Smallcap- closed at 6,859.97(+42.06 Points & +0.62%)

FII & DII trading activity in Capital Market Segment on 29-Feb-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII29-Feb-20123666.243086.61579.63


DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII29-Feb-20121113.771544.84-431.07

Nifty Spot-Levels & Trading Strategy for 01-03-2012

Nifty Spot-Levels

R3 5550
R2 5504
R1 5444
Avg 5398
S1 5338
S2 5292
S3 5232

Nifty Spot-Trading Strategy

H6 5491      Trgt 2
H5 5467    Trgt 1
H4 5443    Long breakout
H3 5414     Go Short
H2 5404
H1 5394
L1 5375
L2 5365
L3 5355    Long
L4 5326    Short Breakout
L5 5302     Trgt 1
L6 5278     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 01-03-2012

Nifty(Mar Fut)-Levels

R3 5524
R2 5491
R1 5465
Avg 5432
S1 5406
S2 5373
S3 5347

Nifty(Mar Fut)-Trading Strategy

H6 5498     Trgt 2
H5 5484     Trgt 1
H4 5471     Long breakout
H3 5455     Go Short
H2 5449
H1 5444
L1 5433
L2 5428
L3 5422     Long
L4 5406    Short Breakout
L5 5393     Trgt 1
L6 5379     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 01-03-2012

Bank Nifty(Mar Fut)-Levels

R3 11004
R2 10835
R1 10677
Avg 10508
S1 10350
S2 10181
S3 10023

Bank Nifty(Mar Fut)-Trading Strategy

H6 10851     Trgt 2
H5 10775     Trgt 1
H4 10698     Long breakout
H3 10608     Go Short
H2 10578
H1 10548
L1 10489
L2 10459
L3 10429     Long
L4 10339     Short Breakout
L5 10262     Trgt 1
L6 10186     Trgt 2

Pre-Closing Outlook(29-02-2012)

Nifty traded  more than 5 hours yesterday with Mixed intraday Patterns between 5346-5390 and higher levels selling was shown also in intraday charts yesterday in Firstly Watch Correction fate decider 5346-5390. As higher levels selling yesterday therefore market could not sustain at higher levels after gap up opening today and slipped as well as trading for the last 2 hours within yesterday 5 hours trading range.

Follow up selling again today after yesterday higher levels selling therefore correction continuation risk turned higher. As Nifty traded almost 2 fours between 5346-5390 and also got support also within this range therefore sustaining beyond this range will be firstly watched tomorrrow for next moves confirmation and until Nifty will not sustain above 5450 till then next upmove will not be considered.
Lalit Sir is busy in is urgent work and Outlooks will be available after 2 hours.

Staff

Firstly Watch Correction fate decider 5346-5390

Nifty-Intra Day Chart(28-Feb-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Most of the time trading above 5340(Intermediate term trend decider)
2- More than 5 hours trading with Mixed Patterns between 5346-5390
3- Whole day trading between 5308-5390

Conclusions from intra day chart analysis

It was expected that Nifty will not slip below 5340 and complete correction within strong support range 5340-5415 and side ways market will be seen but range shifted to 5268-5410 after negative flow on 29-02-2012. As yesterday down down move was due to negative news therefore equally sharp recovery seen today after positive news.

Correction is on and undecided Nifty is hovering around Intermediate term trend decider 5340,sustaining it beyond will give confirmation to correction continuation/completion. Nifty traded almost whole day above 5340 with intraday mixed patterns between 5346-5390.

Adverse news led 2 volatile sessions with more than 5 hours mixed intraday patterns are suggesting that Indian markets are not prepare for any side decisive moves and will trade more time between or near about 5346-5390 for catching next direction.

As good consolidation patterns at lower levels today therefore expected that follow up consolidation will be seen in the coming sessions and Nifty will finally sustain above 5340 after correction completion confirmation.

Sustaining beyond 5346-5390 will firstly decide the fate of on going correction therefore should be firstly watched in the coming sessions for next moves confirmations.

Indian Stock Markets Closing Reports(28-Feb-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except IT and FMCG.
2- Whole day upmoves after positive news led strong opening.
3- Long White Candle.

Ratios

Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(28-Feb-2012): 19.05

Advances & Declines

BSE Advances : 2170
BSE Declines :  748
NSE Advances : 1238
NSE Declines :  234

Nifty Open Interest Changed Today

Nifty- 5300 CE(Feb)- +84300(+5.31%)
Nifty- 5300 PE(Feb)- -551900(-8.64%)

Nifty- 5400 CE(Feb)- +36100(+1.60%)
Nifty- 5400 PE(Feb)- +448700(+12.99%)

Nifty- 5500 CE(Feb)- +149800(+4.03%)
Nifty- 5500 PE(Feb)- +164150(+5.76%)

Closing 

Nifty- closed at 5,375.50(+94.30 Points & +1.79%)
Sensex- closed at 17,731.12(+285.37Points & +1.64% )
CNX Midcap - closed at 7,611.30(+259.50 Points & +3.53%)
BSE Smallcap- closed at 6,317.42(+207.90 Points & +3.40%)

FII Trading Data in Derivatives Segment on 28-Feb-2012


FII & DII trading activity in Capital Market Segment on 28-Feb-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII28-Feb-20122937.552209.96727.59


DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII28-Feb-20121283.871871.08-587.21

Nifty Spot-Levels & Trading Strategy for 29-02-2012

Nifty Spot-Levels

R3 5493
R2 5442
R1 5408
Avg 5357
S1 5323
S2 5272
S3 5238

Nifty Spot-Trading Strategy

H6 5461     Trgt 2
H5 5441     Trgt 1
H4 5421     Long breakout
H3 5398     Go Short
H2 5390
H1 5382
L1 5367
L2 5359
L3 5351     Long
L4 5328     Short Breakout
L5 5308     Trgt 1
L6 5288     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 29-02-2012

Nifty(Mar Fut)-Levels

R3 5585
R2 5522
R1 5481
Avg 5418
S1 5377
S2 5314
S3 5273

Nifty(Mar Fut)-Trading Strategy

H6 5546     Trgt 2
H5 5522     Trgt 1
H4 5498     Long breakout
H3 5469     Go Short
H2 5460
H1 5450
L1 5431
L2 5421
L3 5412     Long
L4 5383    Short Breakout
L5 5359     Trgt 1
L6 5335     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 29-02-2012

Bank Nifty(Mar Fut)-Levels

R3 11277
R2 10995
R1 10812
Avg 10530
S1 10347
S2 10065
S3 9882

Bank Nifty(Mar Fut)-Trading Strategy

H6 11112     Trgt 2
H5 10999     Trgt 1
H4 10885     Long breakout
H3 10757    Go Short
H2 10715
H1 10672
L1 10587
L2 10544
L3 10502    Long
L4 10374     Short Breakout
L5 10260     Trgt 1
L6 10147    Trgt 2