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FII & DII trading activity in Capital Market Segment on 11-03-2011
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Japan earthquake & Indian Stock Markets Technicals
Post-closing outlook(11-03-2011)
Japan earthquake proved strong support at 5400 bcause:-
1- Nifty got support at 5411 today after Japan earthquake news.
2- Nifty got support at 5408 on 07-03-22011 after DMK support withdrawl news.
Today global down moves are immdiate reaction of earthquake,achual losses and its after effectes will be understood in the coming days. 5400 has become trend decider today and its sustainability side will decide give following conclusions:-
1- Nifty above 5400 will mean- upmove hopes are alive and Nifty sustaining above will mean worst is over.
2- Nifty below 5400 will mean- fast down toward 5200 and Nifty sustaining below 5200 will mean strong support breaking down and confirmation of long Bear phase.
I have already told in last 2 sessions that intraday charts of last 3 sessions within 5470-5530 are suggesting condolidations and down moves are on the back of adverse news flow in last 2 sessions.
Firstly watch Sustining of 5400 and then trade with above mentioned views in next week.
Happy Weekend and Enjoy.
Japan earthquake proved strong support at 5400 bcause:-
1- Nifty got support at 5411 today after Japan earthquake news.
2- Nifty got support at 5408 on 07-03-22011 after DMK support withdrawl news.
Today global down moves are immdiate reaction of earthquake,achual losses and its after effectes will be understood in the coming days. 5400 has become trend decider today and its sustainability side will decide give following conclusions:-
1- Nifty above 5400 will mean- upmove hopes are alive and Nifty sustaining above will mean worst is over.
2- Nifty below 5400 will mean- fast down toward 5200 and Nifty sustaining below 5200 will mean strong support breaking down and confirmation of long Bear phase.
I have already told in last 2 sessions that intraday charts of last 3 sessions within 5470-5530 are suggesting condolidations and down moves are on the back of adverse news flow in last 2 sessions.
Firstly watch Sustining of 5400 and then trade with above mentioned views in next week.
Happy Weekend and Enjoy.
Japan hit by massive earthquake
Mid-session outlook(01-03-2011)
A powerful earthquake has struck off Japan's north-eastern coast, shaking buildings in Tokyo and forcing people out of their homes, witnesses said.
Japan issued its most serious tsunami warning, saying a wave as high as 6m (20ft) could strike the coast near Miyagi prefecture.
US officials said the 8.8-magnitude quake struck about 250 miles (400km) from Tokyo at a depth of 20 miles.
Above news triggered fresh down moves in all Asian markets and ascertained Nifty sustaining below 5470. More down moves will also be seen.
January IIP at 3.7 Vs 1.6(MoM) & Voltality
Mid-session outlook(01-03-2011)
Market is volatile immediately after IIP data announcemets. As data is positive therefore little up move seen immediately after declaration. Nifty recovered and formed the high at 5502.70 but slipped to 5469.00 also.
Market is volatile and immediate moves final conclusions should be drawn after sustaining beyond of 5470-5500 because it will be markets final judgement of its reaction on all positive and negative news.
Next Trend Confirmation Range- 5470-5500
Post-open outlook(11-03-2011)
Following lines were told in Pre-closing outlook(10-03-2011):-
"Indian markets are also weak and trading within 5470-5500 with intraday support within 5470-5480 today"
Following lines were told in Pre-open outlook(11-03-2011):-
"Nifty traded whole day yesterday within 5470-5500 with support at lower levels"
Nifty is trading within 5470-5485 since opening today in most bearish sentiments. Asian markets are .75% to 1% down while Indian markets are .15% down at this moment. It is clear that Indian markets are outperforming global markets and be brarish only after sustaining below 5470.
Nifty traded whole day yesterday within 5470-5500 with support at lower levels and also trading within this range since opening today in most depressing sentiments. Next immediate trend confirmation range is 5470-5500 and Nifty is trading at the midle of this range at this moment. Although sentiment is most depressing and negative news flow is high but consolidations within 5500-5530 in the first 3 sessions of this week also therefore resistances above 5500 are not strong.
Watch 5470-5500 and Be Bullish or Bearish after breaking out and sustaining beyond.
Following lines were told in Pre-closing outlook(10-03-2011):-
"Indian markets are also weak and trading within 5470-5500 with intraday support within 5470-5480 today"
Following lines were told in Pre-open outlook(11-03-2011):-
"Nifty traded whole day yesterday within 5470-5500 with support at lower levels"
Nifty is trading within 5470-5485 since opening today in most bearish sentiments. Asian markets are .75% to 1% down while Indian markets are .15% down at this moment. It is clear that Indian markets are outperforming global markets and be brarish only after sustaining below 5470.
Nifty traded whole day yesterday within 5470-5500 with support at lower levels and also trading within this range since opening today in most depressing sentiments. Next immediate trend confirmation range is 5470-5500 and Nifty is trading at the midle of this range at this moment. Although sentiment is most depressing and negative news flow is high but consolidations within 5500-5530 in the first 3 sessions of this week also therefore resistances above 5500 are not strong.
Watch 5470-5500 and Be Bullish or Bearish after breaking out and sustaining beyond.
Technicals are Helpless against Negative news Flow in 2011
Pre-Open Market Outlook(11-03-2011)
2011 begun with positive note but immdiately after that non stop series of adverse news flow started and resultant Indian markets are crashed from higher levels. Long term trend is confirm down and intermediate term and short term trends are struggeling at 5500 in side ways moves. All the global markets tumblled yesterday after most negative development in Libya and this process is continued also and the Asian markets are trading in deep Red today morning.
Nifty traded whole day yesterday within 5470-5500 with support at lower levels but today opening and firstly trading below yesterday lows can not be ruled out because all the Asian markets are showing complete weaknes. Global pressure is high and markets will be decided according to sustainability beyond ceratin levels. Trend deciding levels are as follows:-
1- Range bound within 5400-5600 and this range break out will be confirmation of next moves. technicals are suggesting upward break out because last 4 sessions consolidation formations but negative news flow is dragging down therefore mentioned range break out will give next immediate move confirmations.
2- Long 6term trend will be up above 5600 therefore be bullish after sustaining above 5600.
3- Sharp down moves will be seen below 5400.
Firstly watch 5400-5600 break out and sustaining beyond because that will give confirmation to Indian markets reaction on all global negative developments.
2011 begun with positive note but immdiately after that non stop series of adverse news flow started and resultant Indian markets are crashed from higher levels. Long term trend is confirm down and intermediate term and short term trends are struggeling at 5500 in side ways moves. All the global markets tumblled yesterday after most negative development in Libya and this process is continued also and the Asian markets are trading in deep Red today morning.
Nifty traded whole day yesterday within 5470-5500 with support at lower levels but today opening and firstly trading below yesterday lows can not be ruled out because all the Asian markets are showing complete weaknes. Global pressure is high and markets will be decided according to sustainability beyond ceratin levels. Trend deciding levels are as follows:-
1- Range bound within 5400-5600 and this range break out will be confirmation of next moves. technicals are suggesting upward break out because last 4 sessions consolidation formations but negative news flow is dragging down therefore mentioned range break out will give next immediate move confirmations.
2- Long 6term trend will be up above 5600 therefore be bullish after sustaining above 5600.
3- Sharp down moves will be seen below 5400.
Firstly watch 5400-5600 break out and sustaining beyond because that will give confirmation to Indian markets reaction on all global negative developments.
FII & DII trading activity in Capital Market Segment on 10-03-2011
FII trading activity on NSE and BSE on Capital Market Segment | |||||||||||||||||
The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 10-Mar-2011. | |||||||||||||||||
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Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment | |||||||||||||||||
The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 10-Mar-2011. | |||||||||||||||||
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Bank Nifty(Mar Fut)-Levels & Trading Strategy for 11-03-2011
Bank Nifty(Mar Fut)-Levels
R3 11165
R2 11066
R1 10972
Avg 10873
S1 10779
S2 10680
S3 10586
Bank Nifty(Mar Fut)-Trading Strategy
H6 11072 Trgt 2
H5 11028 Trgt 1
H4 10984 Long breakout
H3 10931 Go Short
H2 10913
H1 10895
L1 10860
L2 10842
L3 10824 Long
L4 10771 Short Breakout
L5 10727 Trgt 1
L6 10683 Trgt 2
R3 11165
R2 11066
R1 10972
Avg 10873
S1 10779
S2 10680
S3 10586
Bank Nifty(Mar Fut)-Trading Strategy
H6 11072 Trgt 2
H5 11028 Trgt 1
H4 10984 Long breakout
H3 10931 Go Short
H2 10913
H1 10895
L1 10860
L2 10842
L3 10824 Long
L4 10771 Short Breakout
L5 10727 Trgt 1
L6 10683 Trgt 2
Pre-closing outlook(10-03-2011)
Dow's futures is more than 100 points,all the Asian markets closed in Red,all European markets are also 1% down. Indian markets are also weak and trading within 5470-5500 with intraday support within 5470-5480 today. Last 2 sessions consolidation within 5500-5530 and today negative trading is only the impact of Qaddafi Strikes on Oil Targets.
As intraday charts not showed selling today and support at lower levels also therefore until Nifty will not dip and sustain below below 5470 till then view will not be bearish. Technically bullish indications but worsening geopolitical situation is main hurdle. View is bullish and let some more bullish confirmations come then will be posted accordingly.
As intraday charts not showed selling today and support at lower levels also therefore until Nifty will not dip and sustain below below 5470 till then view will not be bearish. Technically bullish indications but worsening geopolitical situation is main hurdle. View is bullish and let some more bullish confirmations come then will be posted accordingly.
Qaddafi attack on oil infrastructure triggered global markets down moves today
Mid-session outlook(10-03-2011)
Gaddafi attack on oil infrastructure triggered global markets nevourness and all the Asian markets are .5% to 1.5% down today and Dow's futures trading is also more than 90 points down since morning today.
Just click following link for detailed news:-
"Qaddafi Strikes Oil Targets as Libya’s East-West Split Hardens"
http://www.bloomberg.com/news/2011-03-09/qaddafi-forces-strike-central-oil-ports-as-reward-posted-for-rebel-leader.html
Just watch Nifty sustaining below 5500 for fresh down moves because last 2 sessions consolidations betwen 5500-5530. If Nifty sustains below 4400 and slips below today low at 5468 then it will be down move confirmation.
Post-open outlook(10-03-2011)
US futures is trading more than 90 points down since today morning therefore all the Asian markets are completely depressed since opening today. Intraday charts of last 2 sessions are showing consolidations between 5500-5530 but trading below 5500 today after pressure from global sentiments.
If Nifty sustains below 5500 today then view will be bearish.
If Nifty sustains below 5500 today then view will be bearish.
Pre-open outlook-2(10-03-2011)
All the Asian markets are crashed therefore sentiment is completely dampened and market will trade within negative zone after weak opening. View will be cautious and will be bearish only after sustaining below yesterday 2 days strong support range(5500-5530)
If Nifty sustains below 5500 then be bearish.
Sustained rally above 5600 is on Cards
Pre-Open Market Outlook(10-03-2011)
Follwing fundamental and Technical points are showing weakness in Indian markets:-
1- Long term trend is down,Intermediate term and short term trends are sideways.
2- Libya issue not resolved and Crude price hike risk is still alive.
3- Nifty retraced 2 times from 200 Day EMA(near 5600)
4- Nifty could not cross immediate resistance range(5540-5590) slipped from higher levels yesterday.
Following technical developments are suggesting base formation and begining of rally:-
1- Support near strong support of 5210.
2- Falling channel break out.
3- Support at Falling Channel on 24-02-2011.
4- Higher bottom support at 5432 on 24-02-2011.
5- Up move in rising trend line.
1- EOD chart showing 5 Technical Developments suggesting Rally:-
Meaning of Nifty above 5600:-
1- All trends turing up.
2- Begining of rally after 2 months consolidations.
3- Confirmation of corretcion completion which started on diwali-2010.
4- Completion of 4th wave correction.
5- 5th wave begining confirmation after completion of 3 wave correction.
2- 5 Waves Formations in Nifty EOD chart:-
Long tail Doji candle fomation yesterday and it is suggesting equal force of Bulls and Bears but intraday charts of last 3 days are suggetsing consolidations and yesterday slipping from higher levels is a part of consolidation process only. Nest resistance between 5540-5580 but Nifty will consolidate within this range and will cross in the coming sessions.
Libya problems are unresolved but Indian markets showed consolidations and base formations despite disturbance there and crude price hike risk also therefore:-
"Sustained rally above 5600 will be seen in the coming sessions despite whatsoever negative happens in Libya or any where else."
First support range is 5500-5530 and expected that nifty will not dip below it and finally sustain above 5530 and close positive today.
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 10-03-2011
Bank Nifty(Mar Fut)-Levels
R3 11284
R2 11187
R1 11095
Avg 10998
S1 10906
S2 10809
S3 10717
Bank Nifty(Mar Fut)-Trading Strategy
H6 11193 Trgt 2
H5 11150 Trgt 1
H4 11106 Long breakout
H3 11054 Go Short
H2 11037
H1 11020
L1 10985
L2 10968
L3 10951 Long
L4 10899. Short Breakout
L5 10855 Trgt 1
L6 10812 Trgt 2
R3 11284
R2 11187
R1 11095
Avg 10998
S1 10906
S2 10809
S3 10717
Bank Nifty(Mar Fut)-Trading Strategy
H6 11193 Trgt 2
H5 11150 Trgt 1
H4 11106 Long breakout
H3 11054 Go Short
H2 11037
H1 11020
L1 10985
L2 10968
L3 10951 Long
L4 10899. Short Breakout
L5 10855 Trgt 1
L6 10812 Trgt 2
Mid-session outlook-2(09-03-2011)
Market firstly slipped after "oil Prices re-Regulation news" and recovered after Petroleum ministery clearification that Govt.has no plans now to regulate petrol prices.
Sudhir Bhargava, additional secretary in India's oil ministry said today that-
"There is no plan to regulate petrol prices now, but there is a provision that if prices go to astronomically high levels then the government may intervene."
Risk of re regulation is over and Nifty is trading below immediate resistance range with support at lower levels today. Intraday charts of today are showing consolidation patterns today and up moves are expected but sustainability above immediate resistance range(5540-5580) is must for decisive rally.
News based voltality may also be seen therefore be cautious.
Sudhir Bhargava, additional secretary in India's oil ministry said today that-
"There is no plan to regulate petrol prices now, but there is a provision that if prices go to astronomically high levels then the government may intervene."
Risk of re regulation is over and Nifty is trading below immediate resistance range with support at lower levels today. Intraday charts of today are showing consolidation patterns today and up moves are expected but sustainability above immediate resistance range(5540-5580) is must for decisive rally.
News based voltality may also be seen therefore be cautious.
Mid-session outlook(09-03-2011)
Indian markets slipped after "oil Prices re-Regulation news" today morning. Market is nervous because this move is an indication of moving back from reform process and it will also increase fiscal deficit due to higher burden of oil subsidy.
Pre-Open Market Outlook(09-03-2011)
Crude price slipping fuelled global markets rally and most markets closed positive yesterday. As amicable solution between UPA and DMK and confusion is over therefore Indian markets will respond positive developments with positive opening today and will trade rirst within next resistance range 5540-5580. Positive moves are totally news based today and trend will be decided after sustaining above or below crucial levels which are as follows:-
1- Next immediate resistance range is 5540-5580 and Nifty sustaining above 5580 will mean maximum possibility of long term and all trends turning up.
2- Sustaing below 5500 will be confirmation of down trend begining.
Crude rates and Middle-East news are creating lot of confusions and causing much voltality in all global markets therefore if Nifty sustais above yesterday range(5000-5025) then it will be strong indication of upmoves today. Yesterday intraday charts are suggesting consolidation and let market prepare today also then final conclusions will be drawn from intraday charts patterns today.
Expected that Nifty will whole day trade,prepare for next moves and close within 5520-5580 today. Yesterday consolidation and today follow up buying after will be strong indication of up moves.
1- Next immediate resistance range is 5540-5580 and Nifty sustaining above 5580 will mean maximum possibility of long term and all trends turning up.
2- Sustaing below 5500 will be confirmation of down trend begining.
Crude rates and Middle-East news are creating lot of confusions and causing much voltality in all global markets therefore if Nifty sustais above yesterday range(5000-5025) then it will be strong indication of upmoves today. Yesterday intraday charts are suggesting consolidation and let market prepare today also then final conclusions will be drawn from intraday charts patterns today.
Expected that Nifty will whole day trade,prepare for next moves and close within 5520-5580 today. Yesterday consolidation and today follow up buying after will be strong indication of up moves.
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 09-03-2011
Bank Nifty(Mar Fut)-Levels
R3 11306
R2 11165
R1 11074
Avg 10933
S1 10842
S2 10701
S3 10610
Bank Nifty(Mar Fut)-Trading Strategy
H6 11220 Trgt 2
H5 11165 Trgt 1
H4 11111 Long breakout
H3 11047 Go Short
H2 11026
H1 11005
L1 10962
L2 10941
L3 10920 Long
L4 10856 Short Breakout
L5 10802 Trgt 1
L6 10747 Trgt 2
R3 11306
R2 11165
R1 11074
Avg 10933
S1 10842
S2 10701
S3 10610
Bank Nifty(Mar Fut)-Trading Strategy
H6 11220 Trgt 2
H5 11165 Trgt 1
H4 11111 Long breakout
H3 11047 Go Short
H2 11026
H1 11005
L1 10962
L2 10941
L3 10920 Long
L4 10856 Short Breakout
L5 10802 Trgt 1
L6 10747 Trgt 2
Next Immediate move deciding range- 5500-5525
Mid-session outlook-2(08-03-2011)
All the global markets are positive today and Dow's futures is also trading 55 points up after decline in Crude price and some amicable solutions indications from Libya. Nifty traded most time within 5500-5525 since opening today and preparing for next decisive moves within this range. Break out of mentioned range will give strong signals next very short term trend therefore should be watched first.
Next Immediate move deciding range is 5500-5525 and its break out should be watched.
Indian Markets All Trends Decider Range- 5400-5600
Mid-session outlook(08-03-2011)
Trading in last 2 sessions:-
1-04-03-2011- Selling begun from 5608
2-07-03-2011- Buying begun from 5410
Today up moves are due to following positive developments:-
1- Green trading Asian markets
2- Dow's Futures is trading 35 points up
3- Crude slipped and closed at day's low yesterday.
Last two days trading range is 5410-5608 and Nifty is trading almost in the middle at 5510 at this moment. Indian markets will respond and will give its judgement on Libya and UPA issues through break out of this range and will prepare within this range today to respond mentioned irritating issues in the coming sessions.
Today and coming sessions trading within 5400-5600 is crucial and its break out will give certificate to long term and intermediate term trends as well as trending market will begin after its break out. I would like add here that 5540-5580 is strong resistance and until that will not clear till then any up move will not be imagined and fresh selling development below it will be confirmation of more down moves. Market require complete consolidation firstly below and then within mentioned resistance range for a sustained up move above 5600.
Indian Markets all Trends Decider Range is 5400-560 and watch its break out for all confirmations
Post-open outlook(08-03-2011)
Dow's Futures is trading 35 points up and Most Asian markets are trading is Green today morning therefore sentiment improved and Indian markets are positive since opening today. Congress and DMK issue will be decided today and that will also impact Indian markets and resistance range(5540-5580) crossing is must for begining of any up move therefore will be watched first.
Indian markets are down
Pre-Open Market Outlook(08-03-2011)
Long term trend is down and short term trend is up and turning down. Intermdiate term trend is sideways and will be confirm down after Nifty sustaining below 5520. Nifty is range bound within 5200-5600 for the last 25 sessions and 2 times touched the top of range and also 2 times tested bottom of the range. Mentioned markets moves have alreay been shown in the EOD chart which was posted yesterday in Weekly Analysis.
Confirm down moves have been started after whole day genuine selling within 5540-5580 last Friday and it is also confirm that any up move will only be considered after Nifty sustaining above 5580 only. Market require complete consolidation to cross 5580 and that is not seen yet despite good recovery from lower levels yesterday. As good recovery from lower levels yesterday therefore Bullish hammer candle formation but yesterday intraday charts are suggesting selling after gap down opening yesterday. Technical positions of last 3 days are shown in following intraday charts:-
1-3 days Intraday Chart
Nifty will firstly hover around near 5450 after flat to weak opening and expected that Nifty will dip below 5400 in the coming couple of sessions after development of fresh selling today and finally Indian markets will close in Red today.
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 08-03-2011
Bank Nifty(Mar Fut)-Levels
R3 11153
R2 11020
R1 10914
Avg 10781
S1 10675
S2 10542
S3 10436
Bank Nifty(Mar Fut)-Trading Strategy
H6 11050 Trgt 2
H5 10995 Trgt 1
H4 10939 Long breakout
H3 10873 Go Short
H2 10851
H1 10829
L1 10786
L2 10764
L3 10742 Long
L4 10676 Short Breakout
L5 10620 Trgt 1
L6 10565 Trgt 2
R3 11153
R2 11020
R1 10914
Avg 10781
S1 10675
S2 10542
S3 10436
Bank Nifty(Mar Fut)-Trading Strategy
H6 11050 Trgt 2
H5 10995 Trgt 1
H4 10939 Long breakout
H3 10873 Go Short
H2 10851
H1 10829
L1 10786
L2 10764
L3 10742 Long
L4 10676 Short Breakout
L5 10620 Trgt 1
L6 10565 Trgt 2
Pre-closing outlook(07-03-2011)
European markets turned from half percent down to positive and Dow futures mpved up from 50 points down and to 15 points up also therefore spike seen in last 1 hour in Indian markets. As last 1 hour up move is news based therefore confirmation required for sustained up moves in the same manner as defined in Mid-session outlook-2 a short while ago today.
Mid-session outlook-2(07-03-2011)
Nifty broke first 3 hours range both sides today,Firstly down and then up. As sentiment is highly depressing and whole market turned seller therefore such voltality is being seen. Until market will not form solid base and cross minimum one crucial resistance will not clear till then any decisive up move will not be seen.
As intraday support seen at 5410 today therefore next trend preperation range is 5410-5580 and its break out will be watched for next moves confirmations. As market will be news based also therefore UPA and Libya news should also be seen for next immediate move confirmations.
Mid-session outlook(07-03-2011)
Nifty is trading within 5420-5455 for the last 3 hours today with intraday charts selling patterns. More down moves are possible.
Weak Market but Watch Break Out of 5200-5600
Weekly Analysis- 07-03-2011 to 11-03-2011
Rally seen in last week after Budget and closed little below weekly highs but selling seen at higher levels also in last week. Resistance levels are as follows:-
1- Immediate resistance range- 5540-5580
2- 200-Day EMA(Today at 5601)
Until Nifty will not sustain above 5580 till then any rally will not be imagined. Short and Intermediate term trends are up. Nifty faced resistance near 200-Day EMA 2 times in last 10 days and Long term trend is down. Intermediate term trend turned up after moving above 5520 in last week but seliing within 5540-5580 suggesting down confirm down moves. Following 2 National and international developments are main hurdle in Indian market rally:-
1- Libya and Middle-East countries geo-political problems are not going to resolve in short period and may take years to decades for stability and desired peace. Crude price hike will be hazardous for global economy,until it will not stabilise and confidence does not develop till then decisive rally will not be possible.
2- DMK withdrawing support from UPA Govt. will pose political uncertainity in the coming week and will push Indian markets down.
Both above news will create confusion and sentiment will remin depressed therefore Confirm down moves will be seen in the begining of coming week. Markets does not moves up in confusions therefore due to above mentioned news markets will not move up until confusion clouds will not clear.
As Indian markets post Budget bubble has been burst and markets showed hesitation to cross 200 Day EMA therefore down moves possibility is high and following possibilities will be kept in mind:-
1- Down moves begining and testing of levels near 5200.
2- Moving below 5200 will mean Nifty below 5000 and more lower levels possibility as well.
Big move trend deciding range Chart:-
Conclusions
5200 was strong support and Nifty gave support 2 times in last one month as well as 200-Day EMA(Today at 5601) has also shown resistance 2 times in last 10 days. Firstly Indian markets will be understood range bound within 5200-5600 and down moves toward 5200 will also be seen first. Indian markets will discount Budget,Middle-East and DMK withdrawing support issues within mentioned range and if some relief is seen in mentioned two problems then market will remain within mentioned range otherwise 5200 will be broken down and this possibility is high also.
5200-5600 is big move trend deciding range because sustaining above 5600 will mean sustaining above 200 Day EMA and turning up of all the trends as well as worst is over. On the other hand Nifty sustaining below 5200 will be confirmation of Long term trend failing to turn up and continuation of down moves to test levels below 5000.
Firstly weak begining of week and travelling towards 5200 will be seen. If mentioned 2 issues does not show any positive developments and relief then more down moves will be seen. More or less Indian markets are expected within 5200-5520 in this week. If mentioned 2 issues situations does not deteriorate then whole week trading and closing within 5200-5600 will be seen otherwise Nifty below 5200.
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 07-03-2011
Bank Nifty(Mar Fut)-Levels
R3 11344
R2 11249
R1 11108
Avg 11013
S1 10872
S2 10777
S3 10636
Bank Nifty(Mar Fut)-Trading Strategy
H6 11204 Trgt 2
H5 11150 Trgt 1
H4 11096 Long breakout
H3 11031 Go Short
H2 11010
H1 10988
L1 10945
L2 10923
L3 10902 Long
L4 10837 Short Breakout
L5 10783 Trgt 1
L6 10729 Trgt 2
R3 11344
R2 11249
R1 11108
Avg 11013
S1 10872
S2 10777
S3 10636
Bank Nifty(Mar Fut)-Trading Strategy
H6 11204 Trgt 2
H5 11150 Trgt 1
H4 11096 Long breakout
H3 11031 Go Short
H2 11010
H1 10988
L1 10945
L2 10923
L3 10902 Long
L4 10837 Short Breakout
L5 10783 Trgt 1
L6 10729 Trgt 2
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