Pre-Closing Outlook(30-03-2012)

When Benchmark Indices are more than 2% up then anyone can say for up moves but we projected rally after correction completion yesterday when Indian markets were in Red and all the Global markets were trading or closed in deeply negative zone.

Impulsive Wave-3 is on to surge after completion of 'ABC' correction. 

Mid-session Outlook(30-03-2012)

When Dow Jones was trading more than 60 points down after European markets more than 1.5% down closing then following topic was posted yesterday at 09:27:00 PM:-

Rally continuation after honouring 200-Day SMA

Nothing to add today and whatsoever is happening in Indian markets all that has already been projected and predicted in last 7 days Outlooks.

Rally is on after Strong support and Base Formations

More than 1% rally today but our all the Outlooks of this week are live proofs of this fact that we told more than 25 times for finally getting support at 200-Day SMA(today at 5150) as well as Previous 3 sessions consolidation patterns between 5175-5236 

Nifty not only got support at 200-Day SMA yesterday but also crossed our mentioned consolidation range top(5236) within first 20 minutes today despite flat to Red all Global markets.

Although FIIs were sellers and most were telling for levels below 5100 but Our Technicals analysis and Intraday charts studies were suggesting only for rally therefore we told only for rally and posted following topics:-

Live Proofs of Our 100% Accurate Predictions

1- On 29-03-2012- Rally continuation after honouring 200-Day SMA
2- On 28-03-2012- Long Term Trend Saviour 200-Day SMA(today at 5151)
3- On 27-03-2012- Rally continuations after strong base formations
4- In Weekly Outlook(Mar 26 to Mar 30,2012) on 25-03-2012:-

"correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out" 

Our Policies:-

1- No Confusion,
2- Never both side talks/Levels 
3- Predictions/Projections with Proofs

Strong indications of rally after correction completion and confirmation will be sustaining above 5236.

Rally continuation after honouring 200-Day SMA

Nifty-EOD Chart(29-Mar-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 'ABC' Correction of Dec. 2011 rally
2- Testing of Long Term Trend Decider 200-Day SMA(today at 5150)
3- Intraday support at 200-Day SMA

Conclusions from EOD chart analysis 

Nifty tested 200-Day SMA today but its possibility was clearly told in Weekly Outlook(Mar 26 to Mar 30,2012) on 25-03-2012:-

"correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out" 

Nifty got support at 200-Day SMA today and its possibility was also told yesterday in Long Term Trend Saviour 200-Day SMA(today at 5151)

"rally continuation is expected after correction completion near about or above 200-Day SMA(today at 5151)"

Following technical points are indicating correction completion today:-

1- Intraday support at 200-Day SMA
2- Previous 3 sessions intraday charts are showing consolidation patterns.
3- Today more than 1% down moves are due to depressed Global cues.
4- Indian markets out performed Global markets today
5- Intraday recovery in Indian markets today despite Weak European markets.

Correction completion confirmation is left and that will be firstly after sustaining above 5151 and finally after sustaining above 5236 because Nifty traded most time between 5175-5236 in Previous 3 sessions.

Although confirmaton is required but expected that finally Indian markets will honour 200-Day SMA and cross 5236 after sustaining above 5151.

FII Trading Data in Derivatives Segment on 29-Mar-2012

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

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 29-Mar-2012 3954.15 5287 -1332.85

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Mar-2012 1408 1108.33 299.67

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

Main features of today trading are as follows

1- Benchmark Indices closed in Red but Midcap,Smallcap and other Indices closed in Green.
2- Most of the Indices recovered from lower levels.
3- White Candle today.

Ratios

Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(29-Mar-2012): 18.30

Advances & Declines

BSE Advances : 1527
BSE Declines : 1286
NSE Advances :  814
NSE Declines :  625

Nifty Open Interest Changed Today

Nifty- 5100 CE(Apr)- +534100(+90.05%)
Nifty- 5100 PE(Apr)- +8400(+0.25%)

Nifty- 5200 CE(Apr)- +571950(+39.27%)
Nifty- 5200 PE(Apr)- +540400(+16.77%)

Nifty- 5300 CE(Apr)- +474450(+26.52%)
Nifty- 5300 PE(Apr)- +216300(+10.48%)

Closing 

Nifty- closed at 5,178.85(-15.90 Points & -0.31%)
Sensex- closed at 17,058.61(-63.01 Points & -0.37% )
CNX Midcap - closed at 7,517.70(+19.35 Points & +0.26%)
BSE Smallcap- closed at 6,496.80(+45.31 Points & +0.70%)

Nifty Spot-Levels & Trading Strategy for 30-03-2012

Nifty Spot-Levels

R3 5262
R2 5228
R1 5203
Avg 5169
S1 5144
S2 5110
S3 5085

Nifty Spot-Trading Strategy

H6 5237     Trgt 2
H5 5223     Trgt 1
H4 5210     Long breakout
H3 5194     Go Short
H2 5188
H1 5183
L1 5172
L2 5167
L3 5161     Long
L4 5145     Short Breakout
L5 5132     Trgt 1
L6 5118     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 30-03-2012

Nifty(Apr Fut)-Levels


R3 5316
R2 5280
R1 5256
Avg 5220
S1 5196
S2 5160
S3 5136


Nifty(Apr Fut)-Trading Strategy


H6 5292     Trgt 2 
H5 5278     Trgt 1
H4 5265    Long breakout 
H3 5248     Go Short 
H2 5243
H1 5237
L1 5226
L2 5221
L3 5215     Long 
L4 5199     Short Breakout 
L5 5185     Trgt 1 
L6 5171    Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 30-03-2012

Bank Nifty(Apr Fut)-Levels

R3 10192
R2 10115
R1 10056
Avg 9979
S1 9920
S2 9843
S3 9784

Bank Nifty(Apr Fut)-Trading Strategy

H6 10135     Trgt 2
H5 10104     Trgt 1
H4 10072     Long breakout
H3 10035     Go Short
H2 10022
H1 10010
L1  9985
L2  9973
L3  9960    Long
L4  9923    Short Breakout
L5  9891    Trgt 1
L6  9860    Trgt 2

Pre-Closing Outlook(29-03-2012)

Whole day hovering around 200-Day SMA(today at 5151) with selling above 5151 and support also below 5151. Most sentimental and crucial level and technical positions reverses hugely near about these levels.

As previous 3 sessions consolidation patterns near about 5200 therefore expected that finally market will consolidate around 5151 and fresh phase of up moves will begin from here.

Although finally rally after correction completion is expected from 5151 but precautionally sustaining beyond 5151 should be watched for next decisive big move confirmations.

Mid-session Outlook(29-03-2012)

Intraday selling between 5156-5167 today but Nifty is testing and hovering around Long Term Trend 200-Day SMA(today at 5151) therefore finally sustaining it beyond will be watched for next moves confirmations.

Mid-session Outlook(29-03-2012)

Selling confirmation between 5156-5167

Post-open Outlook(29-03-2012)

Following line was told in Weekly Outlook(Mar 26 to Mar 30,2012) on 25-03-2012:-

correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out 

Nifty is hovering around 200-Day SMA(today at 5151) since opening today and testing Long Term Trend. Although sustaining it beyond should be firstly watched today but expected that Nifty will get support near it about and rally will start after completion of correction from this most crucial level.

Correction

Long Term Trend Saviour 200-Day SMA(today at 5151)

By mistake it was written  5251 and has been corrected to 5151

200-Day SMA  5151 is shown in following Chart also:-

Just click on chart for its enlarged view

Long Term Trend Saviour 200-Day SMA(today at 5151)

Nifty-Intra Day Chart(28-Mar-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5215-5236
2- Down moves in Falling Channels
3- Whole day trading between 51670-5236

Conclusions from intra day chart analysis 

Although whole day negative zone trading today and higher levels selling also but intraday patterns are showing consolidation formations. As consolidations and base formations were seen in both previous sessions also therefore rally continuation is expected after correction completion near about or above 200-Day SMA(today at 5151).

US markets are more than .75% down at this moment therefore initial weakness is possible tomorrow morning and Nifty may slip below previous strong support(5172) also but finally rally is expected because last 3 sessions intraday consolidations patterns.

Only sustaining beyond Long term trend decider 200-Day SMA(today at 5151) should be firstly watched tomorrow and expected that it will prove Long Term Trend Saviour.

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

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

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 28-Mar-2012 2863.56 3011.62 -148.06

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Mar-2012 895.94 822.91 73.03

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

Main features of today trading are as follows

1- All the Indices closed in Red except HC and FMCG.
2- Black Candle.
3- Whole day weakness after negative opening.

Ratios

Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(28-Mar-2012): 18.36

Advances & Declines

BSE Advances :  830
BSE Declines : 2099
NSE Advances :  354
NSE Declines : 1113

Nifty Open Interest Changed Today

Nifty- 5100 CE(Mar)- +352650(+26.68%)
Nifty- 5100 PE(Mar)- +1406050(+15.74%)

Nifty- 5200 CE(Mar)- +60350(+1.17%)
Nifty- 5200 PE(Mar)- -168550(-2.63%)

Nifty- 5300 CE(Mar)- +1380400(+26.04%)
Nifty- 5300 PE(Mar)- -1196900(-29.20%)

Closing 

Nifty- closed at 5,194.75(-48.40 Points & -0.92%)
Sensex- closed at 17,121.62(-135.74 Points & -0.79% )
CNX Midcap - closed at 7,498.35(-83.20 Points & -1.10%)
BSE Smallcap- closed at 6,451.49(-70.56 Points & -1.08%)

Nifty Spot-Levels & Trading Strategy for 29-03-2012

Nifty Spot-Levels

R3 5297
R2 5266
R1 5230
Avg 5199
S1 5163
S2 5132
S3 5096

Nifty Spot-Trading Strategy

H6 5261     Trgt 2
H5 5246     Trgt 1
H4 5230     Long breakout
H3 5212     Go Short
H2 5206
H1 5200
L1 5187
L2 5181
L3 5175     Long
L4 5157     Short Breakout
L5 5141     Trgt 1
L6 5126     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 29-03-2012

Nifty(Mar Fut)-Levels

R3 5315
R2 5281
R1 5239
Avg 5205
S1 5163
S2 5129
S3 5087

Nifty(Mar Fut)-Trading Strategy

H6 5273     Trgt 2
H5 5256     Trgt 1
H4 5238     Long breakout
H3 5217     Go Short
H2 5210
H1 5203
L1 5190
L2 5183
L3 5176     Long
L4 5155     Short Breakout
L5 5137     Trgt 1
L6 5120     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 29-03-2012

Bank Nifty(Mar Fut)-Levels

R3 10349
R2 10250
R1 10108
Avg 10009
S1 9867
S2 9768
S3 9626

Bank Nifty(Mar Fut)-Trading Strategy

H6 10208    Trgt 2
H5 10153     Trgt 1
H4 10098     Long breakout
H3 10032     Go Short
H2 10010
H1  9988
L1  9943
L2  9921
L3  9899    Long
L4  9833   Short Breakout
L5  9778    Trgt 1
L6  9723    Trgt 2

Pre-Closing Outlook(28-03-2012)

Although whole day negative zone trading today,higher levels selling and market moved more than 1% down also but intraday patterns are showing consolidation formations therefore expected that Nifty will finally sustaining above 5242 and strong rally will be seen in the coming sessions after correction completion.  

Mid-session Outlook-2(28-03-2012)

As soon as selling indications seen then it was updated immediately in Mid-session Outlook today and Nifty has broken down today intraday lowest also. Although weakness after breaking down but strong supports above 5175 and sustaining it below will get real down move moves confirmations.

Firstly sustaining beyond today trading range(5202-5236) and finally sustaining sustaining beyond 5172-5242 will get next big move confirmation therefore should be firstly watched.

Mid-session Outlook(28-03-2012)

Strong support and base formations in last 2 sessions but minor selling formations also seen today therefore firstly sustaining beyond today trading range(5202-5236) should be firstly watched for next moves confirmations.

Pre-open Outlook(28-03-2012)

All the Asian markets are in Red today morning therefore sentiment is weak today and firstly negative zone trading will be seen today morning.

Although some confusions regarding GAAR but expected that finally issue will be resolved amicably and Govt. will not annoy FIIs.

Market will remain quiet today but good condolidations base formations was seen between 5175-5225 in previous two sessions therefore expected that follow up consolidations will be seen today and Nifty will not slip below 5175 as well as rally will continue in the coming sessions.

Rally continuations after strong base formations

Nifty-Intra Day Chart(Mar 26 & Mar 27,2012):-

Just click on chart for its enlarged view

Conclusions from 2 days intra day chart analysis 

As good condolidations base formations was seen between 5175-5225 in previous two sessions therefore consilidations was updated in all the intraday outlooks in last 2 sessions.

Some volatility may be seen but strong base formations and clear indications of correction completion as well as continuation of rally in the coming sessions.

FII & DII trading activity in Capital Market Segment on 27-Mar-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 27-Mar-2012 3009.32 2966.33 42.99

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Mar-2012 1039.42 1329.47 -290.05

Indian Stock Markets Closing Reports(27-Mar-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except Power and Small Cap.
2- Hanging Man / Dragonfly Doji Bearish Candle.
3- Highly Volatile market.

Ratios

Nifty Put Call Ratio: 1.04
Nifty P/E Ratio(27-Mar-2012): 18.53

Advances & Declines

BSE Advances : 1193
BSE Declines : 1705
NSE Advances :  592
NSE Declines :

Nifty Open Interest Changed Today

Nifty- 5100 CE(Mar)- -265550(-16.13%)
Nifty- 5100 PE(Mar)- +84550(+0.92%)

Nifty- 5200 CE(Mar)- -322650(-5.65%)
Nifty- 5200 PE(Mar)- +811550(+12.67%)

Nifty- 5300 CE(Mar)- -830850(-13.01%)
Nifty- 5300 PE(Mar)- +597050(+16.61%)

Closing 

Nifty- closed at 5,243.15(+58.90 Points & +1.14%)
Sensex- closed at 17,257.36(+204.58 Points & +1.20% )
CNX Midcap - closed at 7,581.55(+30.50 Points & +0.40%)
BSE Smallcap- closed at 6,522.05(-11.31 Points & -0.17%)

Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2012

Nifty(Mar Fut)-Levels

R3 5411
R2 5353
R1 5304
Avg 5246
S1 5197
S2 5139
S3 5090

Nifty(Mar Fut)-Trading Strategy

H6 5363     Trgt 2
H5 5338     Trgt 1
H4 5313     Long breakout
H3 5284     Go Short
H2 5274
H1 5264
L1 5245
L2 5235
L3 5225     Long
L4 5196     Short Breakout
L5 5171     Trgt 1
L6 5146    Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2012

Bank Nifty(Mar Fut)-Levels

R3 10626
R2 10456
R1 10311
Avg 10141
S1 9996
S2 9826
S3 9681

Bank Nifty(Mar Fut)-Trading Strategy

H6 10487     Trgt 2
H5 10413     Trgt 1
H4 10339     Long breakout
H3 10252     Go Short
H2 10223
H1 10194
L1 10137
L2 10108
L3 10079     Long
L4  9992     Short Breakout
L5  9918    Trgt 1
L6  9844    Trgt 2

Nifty Spot-Levels & Trading Strategy for 28-03-2012

Nifty Spot-Levels

R3 5378
R2 5327
R1 5285
Avg 5234
S1 5192
S2 5141
S3 5099

Nifty Spot-Trading Strategy

H6 5337     Trgt 2
H5 5315     Trgt 1
H4 5294     Long breakout
H3 5268     Go Short
H2 5260
H1 5251
L1 5234
L2 5225
L3 5217     Long
L4 5191     Short Breakout
L5 5170     Trgt 1
L6 5148     Trgt 2

Pre-Closing Outlook(27-03-2012)

As good support between 5186-5205 therefore finally up moves are expected and until Nifty will not sustain below 5186 till then any down move will not be considered.

Confirm consolidation between 5186-5205 but huge more than 50 points of Nifty volatility today.Sharp more than 50 points surge and whole up move retraced also immediately. As technical positions changes in such volatility therefore view turns cautious and sustaining beyond 5186-5205 should also be watched for confirmations.

Mid-session Outlook(27-03-2012)

Highly volatile market between 5186-5236 today with intraday support between 5186-5196 and selling indications at higher levels also. As intraday patterns are suggesting consolidation formations therefore finally moves above 5236 are expected.

Next decisive moves confirmations range is sustaining beyond 5172-5236

Post-open Outlook(27-03-2012)

Rally is on after Intraday support at lower levels today.

NIFTY-Mar F&O-1st Buying of 26-03-2012-Covering

NIFTY Mar F & O(Bought on 26-03-2012)-Cover and book profit immediately-CMP-5238(Lalit39)

Rally from tomorrow after correction completion Today

Nifty-Intra Day Chart(26-Mar-2012):-

Just click on chart for its enlarged view 

Consolidation Patterns in today intraday charts

1- Falling Channels without Force
2- New 8 intraday bottoms without force.
3- Most time trading between 5175-5223
4- Whole day trading between 5175-5255

Conclusions from intra day chart analysis 

Although Whole day trading in negative zone and closing near the lowest of the day but intraday charts are showing above mentioned consolidation patterns within and above previous strong support range(5172-5200) therefore up moves are expected tomorrow.

Finally sustaining above 5223 will be first and strong indication of correction completion therefore should be firstly watched tomorrow.  

Intraday consolidations and crucial levels were updated during trading hours in following outlooks also therefore just click following topic links and keep in mind crucial support levels:-

1- Pre-Closing Outlook
2- Mid-session Outlook-2

High possibility of rally continuation from tomorrow after today intraday consolidations and correction completion.

FII Trading Data in Derivatives Segment on 26-Mar-2012

FII & DII trading activity in Capital Market Segment on 26-Mar-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 26-Mar-2012 3998.36 4133.65 -135.29

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Mar-2012 775.03 975.97 -200.94

Indian Stock Markets Closing Reports(26-Mar-2012)

Main features of today trading are as follows

1- Long Black Candle.
2- All the Indices closed in Red.
3- Closing near the lower levels of the day.

Ratios

Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(26-Mar-2012): 18.32

Advances & Declines

BSE Advances :  883
BSE Declines : 2006
NSE Advances :  327
NSE Declines : 1134

Nifty Open Interest Changed Today

Nifty- 5100 CE(Mar)- +491150(+41.66%)
Nifty- 5100 PE(Mar)- +1851550(+25.16%)

Nifty- 5200 CE(Mar)- +1649000(+40.64%)
Nifty- 5200 PE(Mar)- -1061800(-13.13%)

Nifty- 5300 CE(Mar)- +1567050(+32.50%)
Nifty- 5300 PE(Mar)- -1638750(-31.31%)

Closing 

Nifty- closed at 5,184.25(-93.95 Points & -1.78%)
Sensex- closed at 17,052.78(-308.96 Points & -1.78% )
CNX Midcap - closed at 7,552.95(-120.35 Points & -1.57%)
BSE Smallcap- closed at 6,533.36(-92.99 Points & +-1.40%)

Nifty Spot-Levels & Trading Strategy for 27-03-2012

Nifty Spot-Levels

R3 5347
R2 5310
R1 5247
Avg 5210
S1 5147
S2 5110
S3 5047

Nifty Spot-Trading Strategy

H6 5284     Trgt 2
H5 5261     Trgt 1
H4 5239     Long breakout
H3 5211     Go Short
H2 5202
H1 5193
L1 5174
L2 5165
L3 5156     Long
L4 5129     Short Breakout
L5 5106     Trgt 1
L6 5083     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 27-03-2012

Nifty(Mar Fut)-Levels

R3 5351
R2 5315
R1 5253
Avg 5217
S1 5155
S2 5119
S3 5057

Nifty(Mar Fut)-Trading Strategy

H6 5289     Trgt 2
H5 5267     Trgt 1
H4 5244     Long breakout
H3 5217     Go Short
H2 5208
H1 5199
L1 5182
L2 5173
L3 5164     Long
L4 5137     Short Breakout
L5 5114     Trgt 1
L6 5092     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 27-03-2012

Bank Nifty(Mar Fut)-Levels

R3 10501
R2 10400
R1 10231
Avg 10130
S1 9961
S2 9860
S3 9691

Bank Nifty(Mar Fut)-Trading Strategy

H6 10332     Trgt 2
H5 10271     Trgt 1
H4 10210     Long breakout
H3 10136     Go Short
H2 10111
H1 10086
L1 10037
L2 10012
L3  9987    Long
L4  9913   Short Breakout
L5  9852    Trgt 1
L6  9791    Trgt 2

NIFTY-Mar F&O-1st Buying of 26-03-2012-Trade

NIFTY(Mar Fut-Buy-Positional)SL-5174-TGT-5254-CMP-5186

NIFTY(Mar Call Option-Buy-Positional)SL-5174-TGT-5254-S.P.FOR Call-5200(Mar Fut-Rates are for all Options covering)-CMP-5186

Pre-Closing Outlook(26-03-2012)

After today trading sustaining beyond following 3 ranges should be kept in mind for the confirmation of Long term trend survival:-

1- 5190-5223
2- 5172-5223
3- 5156-5223

As today intraday charts are showing consolidation indications therefore expected that market will finally get support between or near about above mentioned levels and rally will continue after correction completion despite almost whole day today more than 1.25% down trading. 

Mid-session Outlook-2(26-03-2012)

Importance,strength and testing possibility of crucial support range(5172-5200) was updated several times in previous week Outlooks,Nifty is trading within and little above this range since opening today.

Nifty is trading between 5190-5223 with lower levels supports and consolidations indications also therefore firstly sustaining beyond mentioned today trading range should be watched for next moves consirmations. As correction is still continued therefore following most crucial levels should also be kept in mind:-

1- 5172(Lowest of previous support)
2- 5156(200-Day SMA on 23-03-2012)

Mid-session Outlook(26-03-2012)

More than 1.5% down today after last Friday higher levels selling. Intraday charts of today are showing again selling today also therefore Nifty is trading within strong and crucial support range(5172-5200),firstly sustaining it beyong should be watched today. 

Finally impulsive wave-3 Rally in Coming Weeks

Technical Analysis,Research & Weekly Outlook

(Mar 26 to Mar 30,2012)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 3 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in next week:-

1-Finally impulsive wave-3 Rally after Correction Completion
2-Long Term Trend Decider 200-Day EMA & 200-Day SMA 
3-Nifty-Micro Analysis of Intra Day Chart(23-Mar-2012)

Conclusions (After Putting All Studies Together)

Long term trend is up,Intermediate term and Short term trends are down in Intermediate term correction. 1098.80 Nifty Points rally in 45 sessions and its correction is on from 22-02-2012 but without any reversal pattern and Continuation pattern 'Symmetrical triangle' formation is visible in 23 sessions correction EOD Chart therefore expected that rally begun from 4531.15 on 20-12-2011 will continue after on going correction completion.

Correction is on after good selling at higher levels. Although good support seen above 5200 in previous week but correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out and until Nifty will not sustain below it till then Uptrend will remain intact.

Expected that Nifty will trade between 5156-5380 in the coming week and will prepare for fresh rally as well as Nifty will not sustain below 200-Day SMA and finally impulsive wave-3 rally will be seen after completion of corrective Wave-2.

Nifty-Micro Analysis of Intra Day Chart(23-Mar-2012)

Nifty-Intra Day Chart(23-Mar-2012):-

Just click on chart for its enlarged view 

Technical Patterns and Formations in today intraday charts

1- Selling between 5260-5275
2- Support between 5233-5248
3- Break out after more than 4 hours trading between 5233-5278
4- Bearish Rising Wedge pattern formations at the top.
3- Whole day trading between 5222-5312

Conclusions from intra day chart analysis 

Firstly more than 4 hours trading between 5233-5278 with mixed intraday patterns and then break out after European markets positive opening but failed to sustain at higher levels after Bearish Rising Wedge pattern formations and slipped.

Higher levels selling,lower levels support and next trend confirmations will be sustaining beyond today trading range(5222-5312) therefore it should be firstly watched in next week.