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