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

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)

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.

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

Technical Patterns and Formations in today intraday charts

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 Trading Data in Derivatives Segment on 14-Mar-2013

FII & DII trading activity in Capital Market Segment on 14-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 14-Mar-2013 3261.11 2654 607.11

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-Mar-2013 893.79 1722.98 -829.19

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

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

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.  

Post-open Outlook(14-03-2013)

Following Formula was posted first time today:-

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

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

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

Correction Continuation

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

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

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

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

Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.
6- Firstly  go through today Outlooks also for better profits and more accuracy.

Correction Continuation

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

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

Conclusions from intra day chart analysis 

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

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

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


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

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

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

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

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 13-Mar-2013 2508.12 2204.29 303.83

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

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

Main features of today trading are as follows

Ratios

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

Advances & Declines

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

Nifty Open Interest Changed Today

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

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

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

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

Closing 

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

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

Nifty Spot-Levels

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

Nifty Spot-Trading Strategy

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

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

Nifty(Mar Fut)-Levels

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

Nifty(Mar Fut)-Trading Strategy

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

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

Bank Nifty(Mar Fut)-Levels

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

Bank Nifty(Mar Fut)-Trading Strategy

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