Post-closing Report(25-03-2011) & Monday Outlook

Trend reversal after forceful Break out today and it was expected also today therefore following lines were told in the Blog in Pre-Open Market Outlook today:-

"Nifty sustaining above 5600 will mean worst is over and then fast rally toward 5900 will be seen after completion of correction."

Intraday charts of today clearly told for rally therefore following lines were told in the Blog at 11:46AM today:-

"1st two hours Intra Day charts are suggesting consolidations and possibility of rally above 5600 turns higher."

Following bullish moves and confirmations seen today;-

1- 2 months range broken out
2- 200-Day EMA crossed forcefully
3- Long term and Intermediate term trends turned up after 2 months today. 
4- The correction which started from Diwali-2010,has been completed today. 
5- Today rally gave confirmation to 5th Wave which started on 11-02-2011 from 5178.

2 Months Range & Pennant Break Out Chart:-

Just click on chart for its enlarged view

Nifty F&O data of today as follows 

Put Call Ratio- 1.05

Open Interest Changed Today

Nifty- 5500 CE(31MAR2011)- -1289100(--23.62%)
Nifty- 5500 PE(31MAR2011)- +570950(+8.08%)

Nifty- 5600 CE(31MAR2011)- -1629950(-25.85%)
Nifty- 5600 PE(31MAR2011)- +4256850(+168.59%)

Nifty- 5700 CE(31MAR2011)- -303950(-4.39%)
Nifty- 5700 PE(31MAR2011)- +2583700(549.78%)

Today Closing

Sensex- closed at 18,815.64(+464.90 Points & +2.53% )
Nifty- closed at 5654.25(+131.85 Points & +2.39%)
CNX MIDCAP - closed at 7824.15(+76.95 Points & +0.99%)
BSE SMALL CAP- closed at 8,001.63(+80.79 Points & +1.02%)


Monday(28-03-2011) Outlook

Indian markets bullish developments have been discussed above. Next immediate multiple resistances are between 5680-5900 and Indian markets have to consolidate between this range but today break out after 2 months consolidations is confirmation of correction completion. Fresh Rally begining and Wave 5 got confirmations today.

Sentiment will be heated therefore profit booking possibility can not be ruled out but rally will remain continued after fresh consolidations. 21st March 2011 started rally minimum target is 5911 and minor intraday correction is also possible in the process of consolidation and up moves may be slow but up trend will remain intact.

Nifty Spot-Levels & Trading Strategy for 28-03-2011

Nifty Spot-Levels

R3 5801
R2 5734
R1 5694
Avg 5627
S1 5587
S2 5520
S3 5480

Nifty Spot-Trading Strategy

H6 5762     Trgt 2
H5 5737     Trgt 1
H4 5712     Long breakout
H3 5683     Go Short
H2 5673
H1 5663
L1 5644
L2 5634
L3 5624     Long
L4 5595     Short Breakout
L5 5570     Trgt 1
L6 5545     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2011

Nifty(Mar Fut)-Levels

R3 5847
R2 5770
R1 5725
Avg 5648
S1 5603
S2 5526
S3 5481

Nifty(Mar Fut)-Trading Strategy

H6 5804     Trgt 2
H5 5775     Trgt 1
H4 5747     Long breakout
H3 5713     Go Short
H2 5702
H1 5691
L1 5668
L2 5657
L3 5646     Long
L4 5612     Short Breakout
L5 5584     Trgt 1
L6 5555     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2011

Bank Nifty(Mar Fut)-Levels

R3 11918
R2 11706
R1 11578
Avg 11366
S1 11238
S2 11026
S3 10898

Bank Nifty(Mar Fut)-Trading Strategy

H6 11800     Trgt 2
H5 11719     Trgt 1
H4 11638     Long breakout
H3 11544     Go Short
H2 11513
H1 11482
L1 11419
L2 11388
L3 11357     Long
L4 11264     Short Breakout
L5 11182     Trgt 1
L6 11101     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(28-03-2011 to 01-04-2011)

Nifty Spot-Weekly Levels

R3 6083
R2 5875
R1 5764
Avg 5556
S1 5445
S2 5237
S3 5126

Nifty Spot-Weekly Trading Strategy 

H6 5991     Trgt 2
H5 5910     Trgt 1
H4 5829     Long breakout
H3 5741     Go Short
H2 5712
H1 5683
L1 5624
L2 5595
L3 5566     Long
L4 5478     Short Breakout
L5 5397     Trgt 1
L6 5316.    Trgt 2

FII Trading Data in Derivatives Segment on 25-Mar-2011

FII & DII trading activity in Capital Market Segment on 25-Mar-2011

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-2011 3305.51 1859.33 1446.18

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-2011 1298.97 1612.74 -313.77

Pre-closing Outlook(25-03-2011)

Following line was told in Pre-Open Market Outlook today

Nifty sustaining above 5600 will mean worst is over and then fast rally toward 5900 will be seen after completion of correction. 

Following line was told in Pre-Open Market Outlook today

5580 was told trend decider and Nifty is trading a little below since opening today. 1st two hours Intra Day charts are suggesting consolidations and possibility of rally above 5600 turns higher.

Conclusions-

1- Correction started from Diwali 2010.
2- Correction has been completed in 40 sessions range bound moves.
3- Rally started today toward minimum 5900.

(Detailed analysis will be posted in "Post-closing Report(25-03-2011) & Tomorrow Outlook" today and in "weekly" in next 2 days)

Mid-session Outlook-2(25-03-2011)

When Nifty was trading below 5580 then following line was told today:-

1st two hours Intra Day charts are suggesting consolidations and possibility of rally above 5600 turns higher.

Intraday high formed at 5625.25 today

Break out and rally expected above 5600 now.

Mid-session Outlook(25-03-2011)

5580 was told trend decider and Nifty is trading a little below since opening today. 1st two hours Intra Day charts are suggesting consolidations and possibility of rally above 5600 turns higher.

Next rally confirmation point left is only crossing and sustaining above 5580.

5580 is Strong Rally Decider

Pre-Open Market Outlook(25-03-2011)

Technical positions,Supports,Resistances,F&O data and levels have already been discussed in "Post-closing Report(24-03-2011) & Tomorrow Outlook" yesterday  therefore not being repeated today.

US markets closed with good gains yesterday and all the Asian markets are positive today morning,sentiment strong therefore positive opening and Nifty will first hover around 5550 and in the begining.  Nifty will trade in last resistance range(5540-5580) and today follow up buying and consolidation will give confirmation to yesterday buying and consolidation.

Following lines were told in yesterday Pre-Open Outlook that

"Pennant formation in EOD chart and its break out will give first strong indication of next Indian markets moves and confirmation points will be sustaining beyong 5400 or 5600."

1- Pennant up side break out in EOD Chart:-

Just click on chart for its enlarged view

Pennant up side break out seen yesterday and if Nifty sustains above trend line then it will be strong indication of rally and then market above 5600 will be expected.

Indian markets will participate Global markets rally after gap up opening and will trade in last resistance range today. Nifty retraced 2 times from 5600 in last 2 months therefore today intraday consolidation is must. Nifty sustaining above 5600 will mean worst is over and then fast rally toward 5900 will be seen after completion of correction. 

Bullish sentiment is high and only cautious approach is required at the top of last 2 months range. Today consolidation and sustaining above 5580 will pave the way of Indian mrkets strong rally toward minimum 5900.

Post-closing Report(24-03-2011) & Tomorrow Outlook

Gap up opening,whole day trading within resistance range(5500-5535) and closing near the top of the day today. Nifty intraday charts of today is indicating some selling signals and pivotal stocks are showing also mixed patterns. I mean to say that some stocks are showing clear buying formations and some are showing selling formations also.

Nifty F&O data of today as follows 

Put Call Ratio- 1.17

Open Interest Changed Today

Nifty- 5500 CE(31MAR2011)- -163600(-2.65%)
Nifty- 5500 PE(31MAR2011)- +1311650(+22.07%)

Nifty- 5600 CE(31MAR2011)- -251400(-3.7300%)
Nifty- 5600 PE(31MAR2011)- +990100(+59.61%)

Today Closing

Sensex- closed at 18350.74(+144.58 Points & +0.79% )
Nifty- closed at 5522.40(+42.15 Points & +0.77%%)
CNX MIDCAP - closed at 7,747.20(+46.10 Points & +0.60%)
BSE SMALL CAP- closed at 7868.13(+52.71 Points & +0.67%)

Nifty Intra Day Chart of Today:-

Just click on chart for its enlarged view

Tomorrow(25-03-2011) Outlook

Immediate Resistances are as follows:-

1- 5500-5535 
2- 5540-5580

It seems that global markets have discounted all the bad news of last one month and started to recover and Indian markets are also following suit. Intraday charts of today are showing mixed patterns and Nifty PUT options positions building today are suggesting follow up buying and more consolidations requirements for sustained up moves because next and strong resistance range is just above today trading range.

Nifty has retraced from 5600 earlier and complete consolidations require in the coming sessions between 5500-5580 for sustained rally above 5600. Let clear signals develop and intraday charts show buying patterns then moves above 5600 will get confirmations.

Next move indication range is 5500-5580. Just watch sustaining beyond this range for next moves confirmations.    

FII Trading Data in Derivatives Segment on 24-Mar-2011

FII & DII trading activity in Capital Market Segment on 24-Mar-2011

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 24-Mar-2011 2238.75 1930.93 307.82

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Mar-2011 1451.34 1073.22 378.12

Nifty Spot-Levels & Trading Strategy for 25-03-2011

Nifty Spot-Levels

R3 5568
R2 5548
R1 5535
Avg 5515
S1 5502
S2 5482
S3 5469

Nifty Spot-Trading Strategy

H6 5555     Trgt 2
H5 5547     Trgt 1
H4 5540     Long breakout
H3 5531     Go Short
H2 5528
H1 5525
L1 5518
L2 5515
L3 5512     Long
L4 5503     Short Breakout
L5 5496     Trgt 1
L6 5488     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 25-03-2011

Nifty(Mar Fut)-Levels

R3 5605
R2 5579
R1 5562
Avg 5536
S1 5519
S2 5493
S3 5476

Nifty(Mar Fut)-Trading Strategy

H6 5588     Trgt 2
H5 5578     Trgt 1
H4 5568     Long breakout
H3 5556     Go Short
H2 5552
H1 5548
L1 5541
L2 5537
L3 5533     Long
L4 5521     Short Breakout
L5 5511     Trgt 1
L6 5501     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 25-03-2011

Bank Nifty(Mar Fut)-Levels

R3 11307
R2 11221
R1 11172
Avg 11086
S1 11037
S2 10951
S3 10902

Bank Nifty(Mar Fut)-Trading Strategy

H6 11259     Trgt 2
H5 11228     Trgt 1
H4 11197     Long breakout
H3 11160     Go Short
H2 11147
H1 11135
L1 11110
L2 11098
L3 11085     Long
L4 11048     Short Breakout
L5 11017     Trgt 1
L6 10986     Trgt 2

India's food inflation at 10.05 pct y/y on March 12-govt

India's food price index rose 10.05 percent and the fuel price index climbed 12.79 percent in the year to March 12, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 9.42 percent and 12.79 percent.

The primary articles price index was up 13.53 percent, compared with an annual rise of 12.31 percent a week earlier.

The wholesale price index-based inflation , the most widely watched gauge of prices in India , unexpectedly quickened an annual 8.31 percent in February from 8.23 percent in January.

Mid-session Outlook(24-03-2011)

Global markets are strong,Sentiment is heated and Nifty is trading within next resistance range(5500-5535) after gap up opening today. As sentiment is heated therefore profit booking possibility should also be kept in mind and next move final conclusion should be drawn after break out of mentioned resistance range.

Post-open Outlook(24-03-2011)

Nifty forcefully entered and trading within resistance range 5500-5535, Follow up buying and Consolidation required within this range today,its confirmation and first strong up move indication will come above 5535..

Pre-Open Market Outlook(24-03-2011)

Pennant formation in EOD chart and its break out will give first strong indication of next Indian markets moves and confirmation points will be sustaining beyong 5400 or 5600.

1- EOD chartshowing Pennant Pattern:-

Just click on chart for its enlarged view

US markets closed with good gains yesterday therefore Asian markets are positive today morning. It seens that global markets have recovered from Middle-East and Japanese shocks and now started up moves. Indian markets tolerated worst news and maitained within last 38 sessions range(5200-5600).

Technical positions,Supports,Resistances and levels have already been discussed in "Post-closing Report(23-03-2011) & Tomorrow Outlook" therefore not being repeated today.

Next moves deciding range is 5455-5535. Immediate resistances above 5500 and immediate supports below 5500 also. Nifty will hover around 5500,prepare for next moves and sustaining above or below will be next moves first indication. Let market prepare for next moves and get first indication after crossing of 5455-5535.

Post-closing Report(23-03-2011) & Tomorrow Outlook

Long Term and Intermediate term trends are down and Short term trend turned up after good gains today. Nifty traded most of the time between 5455-5475 in rising channel with intraday consolidation patterns today and If sustains above it tomorrow then today trading range will be good support.

Nifty Intra Day Chart of Today:-

Just click on chart for its enlarged view

-Sensex closed at 18206.16 with 217.86 (1.21%) points up today.
-Nifty closed at 5480.25 with 66.40 (1.23%)  points up today.

Tomorrow(24-03-2011) Outlook:-

Next immediate Resistances are as follows:-

1- 5500-5535
2- 5540-5580

Nifty has to cross immediate resistance above 5500 therefore require fresh consolidation near 5500 tomorrow and Nifty will first hover around it. Nifty traded most days between 5400-5600 in last 38 sessions and Indian markets have to prepare for its crossing. Nifty will trade in the middle of this range near 5500 tomorrow with good resistances at higher levels and also equally good supports at lower levels.

Next move preperation range is 5455-5535 and expected that Nifty will trade whole day within this range tomorrow. Next Indian markets will be decided step by step and crossing of supports or resistances and finally sustaining beyond 5400-5600 will give next moves confirmations. 5400 proved strong support in worst situations and sentiments and things are turning normal. If Middle-East normalise and Crude price stabilise then 5600 crosing will be seen.

Let market prepare for next moves and get first indication after crossing of 5455-5535

FII Trading Data in Derivatives Segment on 23-Mar-2011

FII & DII trading activity in Capital Market Segment on 23-Mar-2011

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 23-Mar-2011 1930.24 1618.14 312.1

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Mar-2011 2042.81 931.13 1111.68

Nifty Spot-Levels & Trading Strategy for 24-03-2011

Nifty Spot-Levels

R3 5592
R2 5538
R1 5509
Avg 5455
S1 5426
S2 5372
S3 5343

Nifty Spot-Trading Strategy

H6 5564     Trgt 2
H5 5544     Trgt 1
H4 5525     Long breakout
H3 5502     Go Short
H2 5495
H1 5487
L1 5472
L2 5464
L3 5457     Long
L4 5434     Short Breakout
L5 5415     Trgt 1
L6 5395     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 24-03-2011

Nifty(Mar Fut)-Levels

R3 5620
R2 5562
R1 5531
Avg 5473
S1 5442
S2 5384
S3 5353

Nifty(Mar Fut)-Trading Strategy

H6 5590     Trgt 2
H5 5569     Trgt 1
H4 5548     Long breakout
H3 5524     Go Short
H2 5516
H1 5508
L1 5491
L2 5483
L3 5475     Long
L4 5451     Short Breakout
L5 5430     Trgt 1
L6 5409     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 24-03-2011

Bank Nifty(Mar Fut)-Levels

R3 5207
R2 2054
R1 4466
Avg 7619
S1 14139
S2 17292
S3 23812

Bank Nifty(Mar Fut)-Trading Strategy

H6 11217     Trgt 2
H5 11164     Trgt 1
H4 11110     Long breakout
H3 11048     Go Short
H2 11027
H1 11006
L1 10965
L2 10944
L3 10923     Long
L4 10861     Short Breakout
L5 10807     Trgt 1
L6 10754     Trgt 2

Pre-closing outlook(23-03-2011)

Indian markets are range bound(5400-5600) and not trending, All trends are down but not sustained below 5400 also and recovered 4 times. All the worst and negative news are digested by this range but multiple redidtances above 5500 also and market require complete consolidation at every point above 5500.

Today up move is nice and Nifty is trading between 5455-5475 for the last 5 hours. Nifty sustaining beyond today range will decide that today rally is genuine or not. As today patterns are showing consolidation therefore up move possibility is high and Nifty is trading at 5480 at this moment but if sustains above 5475 tomorrow then rally above 5500 will be considered.

Although consolidation signals between 5455-5475 today but confirmation required tomorrow from sustaining above.

Mid-session outlook-2(23-03-2011)

Sentiment turned completely depressed due to internal disturbances in Middle-East countries and US attack on Libya. As retailers shorts would have developed at lower levels therefore today rally seen immediately after oprning. As we understood rally possibility therefore we covered our shorting position near today lower levels before the begining of up moves. Resistances above 5500 therefore Nifty will trade between 5400-5500 and next moves will depend on the developments in Middle East countries and Crude price.

NIFTY-MAR F&O-1ST SHORTING OF 22-03-2011-COVERING

NIFTY MAR F & O(SHORTED ON 22-03-2011)-COVER IMMEDIATELY-CMP-5440

Pre-Open Market Outlook(23-03-2011)

All the Asian markets were positive and sentiment was strong due to US markets good gains one day before therefore Indian markets traded and closed positive yesterday. Asian markets are weak today morning after negative US markets closing therefore Nifty will trade between 5375-5410 after weak opening,this range break out and sustaining beyond will decide the strength of 5400. Selling patterns were seen between 5375-5410 in 2 previous sessions and today follow up selling will mean finally break down of 5375.

Firstly trading between 5375-5410 and finally below 5375 expected within couple of sessions.

FII Trading Data in Derivatives Segment on 22-Mar-2011

FII & DII trading activity in Capital Market Segment on 22-Mar-2011

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 22-Mar-2011 1533.5 1297.21 236.29

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Mar-2011 844.44 748.4 96.04

Nifty Spot-Levels & Trading Strategy for 23-03-2011

Nifty Spot-Levels

R3 5487
R2 5457
R1 5435
Avg 5405
S1 5383
S2 5353
S3 5331

Nifty Spot-Trading Strategy

H6 5465     Trgt 2
H5 5453     Trgt 1
H4 5441     Long breakout
H3 5427     Go Short
H2 5422
H1 5417
L1 5408
L2 5403
L3 5398    Long
L4 5384     Short Breakout
L5 5372     Trgt 1
L6 5360     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 23-03-2011

Nifty(Mar Fut)-Levels

R3 5520
R2 5484
R1 5459
Avg 5423
S1 5398
S2 5362
S3 5337

Nifty(Mar Fut)-Trading Strategy

H6 5495     Trgt 2
H5 5481    Trgt 1
H4 5467     Long breakout
H3 5450     Go Short
H2 5445
H1 5439
L1 5428
L2 5422
L3 5417    Long
L4 5400     Short Breakout
L5 5386     Trgt 1
L6 5372     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 23-03-2011

Bank Nifty(Mar Fut)-Levels

R3 10971
R2 10918
R1 10866
Avg 10813
S1 10761
S2 10708
S3 10656

Bank Nifty(Mar Fut)-Trading Strategy

H6 10919     Trgt 2
H5 10895     Trgt 1
H4 10871     Long breakout
H3 10842     Go Short
H2 10833
H1 10823
L1 10804
L2 10794
L3 10785     Long
L4 10756     Short Breakout
L5 10732     Trgt 1
L6 10708     Trgt 2

NIFTY-MAR F&O-1ST SELLING OF 22-03-2011-TRADE

NIFTY-MAR F&O-1ST SELLING OF 22-03-2011-TRADE

NIFTY(MAR FUT-SELL-POSITIONAL)SL-5461-TGT-5354-CMP-5434
NIFTY(MAR PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-5300,5400-NIFTY(MAR FUT)-RATES ARE FOR-5461-TGT-5354 FOR ALL OPTIONS-CMP-5434

Mid-session outlook-2(22-03-2011)

US markets closed with good gains yesterday and all the Asian markets recovered from lower levels and eithr closed or trading in Green therefore Indian markets are up today and Nifty trading above 5410. Nifty did not sustained below 5375 and and moved above 5410. Let Nifty sustain one side then next trend will be decided.

Mid-session outlook(22-03-2011)

Finance Bill being discussed in Parliament today therefore some sentimental bullishness also and Nifty is trading above 5410,if sustains above then rally will be seen.

BJP moved privilege notice against PM in Lok Sabha

BJP moved privilege notice against PM in Lok Sabha

Discussion on Finance bill in Lok Sabha

Market may be volatile

Pre-Open Market Outlook(22-03-2011)

All the global markets closed positive and some with good gains yesterda\y but Indian markets under performed and was the only market which closed in Red. Nifty traded most time within 5375-5410 in last 2 days and Nifty finally slipped and closed below it at 5364 yestetrday. All trends are down Nifty traded below 5400 in last 2 sessions and if Nifty sustains below 5400 today then 5400 breaking down will get confirmation and in that situation 5200 will be seen.

Intraday charts of last 2 days are showing selling indications within 4375-5410 in last 2 days and if follow up selling develop today in Newd based and global markets led voltality expected day then it will be confirmation of fresh fast down move minimum toward 5200.

Firtly trading between last 2 sessions range(5375-5410) and finally closing below it in Red expected today.

FII Trading Data in Derivatives Segment on 21-Mar-2011

FII & DII trading activity in Capital Market Segment on 21-Mar-2011

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-2011 1263.27 1360.29 -97.02

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-2011 782.26 734.28 47.98

Nifty Spot-Levels & Trading Strategy for 22-03-2011

Nifty Spot-Levels

R3 5467
R2 5440
R1 5402
Avg 5375
S1 5337
S2 5310
S3 5272

Nifty Spot-Trading Strategy

H6 5429     Trgt 2
H5 5414     Trgt 1
H4 5399     Long breakout
H3 5381     Go Short
H2 5375
H1 5369
L1 5358
L2 5352
L3 5346     Long
L4 5328     Short Breakout
L5 5313     Trgt 1
L6 5298     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2011

Nifty(Mar Fut)-Levels

R3 5485
R2 5455
R1 5417
Avg 5387
S1 5349
S2 5319
S3 5281

Nifty(Mar Fut)-Trading Strategy

H6 5448     Trgt 2
H5 5432     Trgt 1
H4 5417     Long breakout
H3 5398     Go Short
H2 5392
H1 5386
L1 5373
L2 5367
L3 5361     Long
L4 5342     Short Breakout
L5 5327     Trgt 1
L6 5311     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2011

Bank Nifty(Mar Fut)-Levels

R3 10992
R2 10916
R1 10843
Avg 10767
S1 10694
S2 10618
S3 10545

Bank Nifty(Mar Fut)-Trading Strategy

H6 10920     Trgt 2
H5 10886     Trgt 1
H4 10851     Long breakout
H3 10810     Go Short
H2 10797
H1 10783
L1 10756
L2 10742
L3 10729     Long
L4 10688    Short Breakout
L5 10653     Trgt 1
L6 10619     Trgt 2

Pre-closing outlook(21-03-2011)

Dow's futures is more than 117 points up now,Hangseng and STI are more than 1.6% up and  Remaining all the Asian markets closed positive today. European markets are 1.1% to 2.1% up. Indian markets are quarter percent up after recovering from lower levels and trading within last Friday range(5375-5410) for the last 3 hours. Indian markets are under performing global markets and we should not be Bullish after watching so much positive global markets but should wait for break out of last Friday range which will give following conclusions:-

1- Break out above 5410 will mean up moves to 5500 on the back of strong global cues.
2- Break down below 5375 will mean fast down moves to 5200 after good selling in 2 sessions.

Global cues and news led volatile markets therefore firstly getting confirmation through break out and then trading will be safer.

Mid-session outlook(21-03-2011)

Dow's futures is more than 80 points up now and most Asian markets are more than 1/2% up today morning but Indian markets traded more than .40% down after more than 1/2% positive opening. Intraday voltality and Nifty is trading withinlast Friday trading range 5375-5410 and if sustains below 5375 today then it will be down move confirmation and in that situation Nifty will test 5200.

News based markets and stainability beyond last Friday range will be next move confirmation.

Gaddafi accepted ceasfire

Pre-open outlook-2(21-03-2011)

Gaddafi accepted ceasfire therefore Dow's futures is more than 70 points up and most Asian markets are about 1% up today morning. As most positive development therefore sustaining above 5400 will be watched again and final view regarding next indian markets should be concluded after sustaining above or below last Friday range(5375-5410).

Pre-Open Market Outlook(21-03-2011)

Nifty traded between 5200-5600 in last 36 sessions and most of the days traded within 5400-5600. Double round top formation near 5600 and after that Nifty closed below 5400 last Friday. All trends are down and Nifty traded whole day near 5400 before closeing below it last Friday. War excalated in Libya in last 2 days but Gddafi acceped Ceasefire late in the night yesterday. If US and NATO accept then peace may be restored otherwise situation will worsen and crude price will rise  then global markets melting down will be seen. Indian markets will also not be spared and firstly 5200 will be tested as well as more down may also be seen. Mass revolt erupted in Middle-East and Internal disturbances witnessed in Yemen and Syria also yesterday therefore fresh down moves are very much possible in global stock markets.

1-Double Round Top Formations Chart-

Just click on chart for its enlarged view

Indian markets are already weak and all trends are down therefore any negative news will mean more down moves. 5400 has been strong support and Nifty traded most of the last Friday near it within 5375-5410 last Friday and sustaining below it today will mean 5200 fast.

Selling patterns below 5400 last Friday therefore testing of levels near 5200 possibility is high. Opening will depend oo global cues and expected that Indian markets will slip below last Fiday rnge and will close in Red today.

Nifty Spot-Levels & Trading Strategy for 21-03-2011

Nifty Spot-Levels

R3 5565
R2 5524
R1 5448
Avg 5407
S1 5331
S2 5290
S3 5214

Nifty Spot-Trading Strategy

H6 5490     Trgt 2
H5 5463     Trgt 1
H4 5437     Long breakout
H3 5405     Go Short
H2 5394
H1 5383
L1 5362
L2 5351
L3 5340     Long
L4 5308     Short Breakout
L5 5282     Trgt 1
L6 5255     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2011

Nifty(Mar Fut)-Levels

R3 5587
R2 5544
R1 5465
Avg 5422
S1 5343
S2 5300
S3 5221

Nifty(Mar Fut)-Trading Strategy

H6 5508     Trgt 2
H5 5480     Trgt 1
H4 5453     Long breakout
H3 5419     Go Short
H2 5408
H1 5397
L1 5374
L2 5363
L3 5352     Long
L4 5318     Short Breakout
L5 5291     Trgt 1
L6 5263     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2011

Bank Nifty(Mar Fut)-Levels

R3 17115
R2 14036
R1 16896
Avg 13817
S1 16677
S2 13598
S3 16458

Bank Nifty(Mar Fut)-Trading Strategy

H6 20158     Trgt 2
H5 20017     Trgt 1
H4 19876     Long breakout
H3 19816     Go Short
H2 19796
H1 19776
L1 19735
L2 19715
L3 19695     Long
L4 19635     Short Breakout
L5 19494     Trgt 1
L6 19353     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(21 Mar to 25-03-2011)

Nifty Spot-Weekly Levels

R3 5655
R2 5596
R1 5484
Avg 5425
S1 5313
S2 5254
S3 5142

Nifty Spot-Weekly Trading Strategy

H6 5544     Trgt 2
H5 5505     Trgt 1
H4 5467     Long breakout
H3 5420     Go Short
H2 5404
H1 5388
L1 5357
L2 5341
L3 5325     Long
L4 5278     Short Breakout
L5 5240     Trgt 1
L6 5201     Trgt 2