Trading Strategy for Bank Nifty(Jan Fut)-18-02-2011

H6  11398    Trgt 2
H5  11336    Trgt 1
H4  11274    Long breakout
H3  11202    Go Short
H2  11178
H1  11154

L1  11105
L2  11081
L3  11057     Go Long
L4  10985    Short Breakout
L5  10923    Trgt 1
L6  10861    Trgt 2

Trading Levels for 18-02-11

Nifty Spot Levels for 18-02-2011

R3 5668
R2 5610
R1 5578
AVG 5520
S1 5488
S2 5430
S3 5398

Nifty Feb Futures Levels for 18-02-2011

R3 5667
R2 5608
R1 5577
AVG 5518
S1 5487
S2 5428
S3 5397

Bank Nifty Feb Futures Levels for 18-02-2011

R3 11495
R2 11334
R1 11232
AVG 11071
S1 10969
S2 10808
S3 10706

Post-closing report(17-02-2011)

Nifty closed at 5546 today but I told for this up move above 5520 non stop daily in the last 3 sessions in following words:-

1- Pre-Open Market Outlook(17-02-2011)-" finally crossing 5520 expected in couple of sessions"

2- Mid-session outlook(17-02-2011)-"crossing 5520 is strong upmove confirmaton and it is being expected for the last 2 sessions also"

3-Post-open outlook(16-02-2011)"technically poised to cross 5520 and its happening expected within couple of sessions"

4-Pre-Open Market Outlook(15-02-2011)- "finally rally expected after clearing 5520"

5-Mid-session outlook-2(15-02-2011)- "5520 crossing expected within couple of sessions"

My outlooks posted from last Friday are live proof of this fact that I non stop told for rally from 5200 and noves above 5520.

Mid-session outlook-2(17-02-2011)

5520 crossing projected 4 times in Following lines in last 3 days:-

1-Pre-Open Market Outlook(15-02-2011)- "finally rally expected after clearing 5520"

2-Mid-session outlook-2(15-02-2011)- "5520 crossing expected within couple of sessions"

3-Post-open outlook(16-02-2011)"technically poised to cross 5520 and its happening expected within couple of sessions"

4- Pre-Open Market Outlook(17-02-2011)-" finally crossing 5520 expected in couple of sessions"

Nifty trading at 5549 at present. As strong resistance crossing confirmations therefore now intermediate term trend will be up above 5556 and Nifty will counter 200-Day EMA and strong resistance range(5640-5780) in next week.

Mid-session outlook(17-02-2011)

Following lines were told in Post-open outlook today:-

"Although Indian markets slipped from higher levels after opening but intraday charts are showing consolidation patterns. Firstly 5460 and then 5420 will be watched for consolidation confirmation"

Nifty got support at 5464 today and reversed therefore support at 5460 strengthened. ctossing 5520 is strong upmove confirmaton and it is being expected for the last 2 sessions also.

Post-open outlook(17-02-2011)

Following lines were told in Pre-open outlook today:-

"Doji candle formation with partially mixed patterns yesterday therefore more consolidation is required within 5420-5520"

As told, same happened and Nifty is trading within mentioned range since opening today. Although Indian markets slipped from higher levels after opening but intraday charts are showing consolidation patterns. Firstly 5460 and then 5420 will be watched for consolidation confirmation. Market will take its own time and finally crossing of 5520 is also expected but 5420-5520 will also be kept in mind for next move confirmations.

Pre-Open Market Outlook(17-02-2011)

Nifty traded whole day within resistance range 5460-5520 yesterday and most of the time Nifty traded and consolidated within this range in last 2 days.

Nifty last 2 days intraday chart:-

(Just click on chart for its enlarged view)

Sentiment was heated due to positive announcement expectations in P.M. press conference and some retail buying possibility can not be ruled out yesterday. Doji candle formation with partially mixed patterns yesterday therefore more consolidation is required within 5420-5520 today. View is bullish and crossing of 5520 is also expected but little more consolidation is demand of confimation today.

Firstly trading within 5460-5520 today and finally crossing 5520 expected in couple of sessions.

Post-closing report(16-02-2011)

I made following predictions before opening which proved 100% accurate after closing today:-

1- Next resistance range- 5460-5520
2- As Indian markets have to prepare and consolidate within resistance range therefore will trade within it first before any cross over
3- View is bullish and opening to closing moves within 5420-5520 expected today

- As I told 100% same happened and


1- Nifty traded within 5460-5505 today.
2- Nifty  whole day traded and closed within mentioned range at 5481.70.
3- It was no where told that closing will be in Green or Red and Indian markets closed flat today.

-Sensex closed 27.10 points up today.
-Nifty closed 0.70 points up today.

Bank Nifty(Feb Fut)-Trading Strategy for 17-02-2011

H6 11083     Trgt 2
H5 11057     Trgt 1
H4 11030     Long breakout
H3 10998     Go Short
H2 10987
H1 10976
L1 10955
L2 10944
L3 10933     Long
L4 10901     Short Breakout
L5 10874     Trgt 1
L6 10848     Trgt 2

Nifty(Feb Fut)-Trading Strategy for 17-02-2011

H6 5535    Trgt 2
H5 5523    Trgt 1
H4 5512    Long breakout
H3 5498    Go Short
H2 5494
H1 5489
L1 5480
L2 5475
L3 5471    Long
L4 5457    Short Breakout
L5 5446    Trgt 1
L6 5434    Trgt 2

Trading Levels for 17-02-11

Nifty Spot Levels for 17-02-2011

R3 5549
R2 5527
R1 5504
AVG 5482
S1 5459
S2 5437
S3 5414

Nifty Feb Futures Levels for 17-02-2011

R3 5559
R2 5533
R1 5509
AVG 5483
S1 5459
S2 5433
S3 5409

Bank Nifty Feb Futures Levels for 17-02-2011

R3 11135
R2 11071
R1 11018
AVG 10954
S1 10901
S2 10837
S3 10784

Post-open outlook(16-02-2011)

Flat trading within 5475-5495 since opening and its decisive break out can be expected after P.M.press conference at 11 am today and volatility may be seen during or immediately after its completion.

Nifty is trading within resistance range(5460-5520) but technically poised to cross 5520 and its happening expected within couple of sessions.

Pre-Open Market Outlook(16-02-2011)

Following levels were given yesterday. As relevant therefore being repeated as follows:-

1- Next resistance range- 5460-5520
2- Intermediate term trend is down and will be up above 5556.

As consolidation requires for any up move therefore:-

1- Nifty trading range was given Yesterday- 5420-5500.
2- Nifty achual trading range was Yesterday- 5408-5507.

As Indian markets have to prepare and consolidate within resistance range therefore will trade within it first before any cross over. Intraday charts of yesterdy are suggesting consolidation and same expected today also within 5420-5520.

View is bullish and opening to closing moves within 5420-5520 expected today.

Trading Levels for 16-02-11

Nifty Spot Levels for 16-02-2011

R3 5620
R2 5563
R1 5522
AVG 5465
S1 5424
S2 5367
S3 5326

Nifty Feb Futures Levels for 16-02-2011

R3 5628
R2 5566
R1 5521
AVG 5459
S1 5414
S2 5352
S3 5307

Bank Nifty Feb Futures Levels for 16-02-2011

R3 11379
R2 11194
R1 11065
AVG 10880
S1 10751
S2 10566
S3 10437

Bank Nifty(Feb Fut)-Trading Strategy for 16-02-2011

H6 11257     Trgt 2
H5 11182     Trgt 1
H4 11108     Long breakout
H3 11022     Go Short
H2 10993
H1 10964
L1 10907
L2 10878
L3 10849     Long
L4 10763     Short Breakout
L5 10689     Trgt 1
L6 10614     Trgt 2

Nifty(Feb Fut)-Trading Strategy for 16-02-2011

H6 5584     Trgt 2
H5 5559     Trgt 1
H4 5534     Long breakout
H3 5505     Go Short
H2 5495
H1 5485
L1 5466
L2 5456
L3 5446     Long
L4 5417     Short Breakout
L5 5392     Trgt 1
L6 5367     Trgt 2

Post-closing report(15-02-2011)

Today predictions are as follows:-

1- Pre-Open Outlook- "finally positive market expected today within 5420-5500"
2- Post-Open Outlook- " minor intraday correction possibility can not be ruled out today and will be better to buy after intraday correction completion"
3- Mid-session Outlook- "Expected that intraday correction will complete within 5387-5420.
4- Mid-session Outlook-2- " Bullish outlook is maintaned and expected intraday correction has been completed

Exact guideance was provided through accurate predictions whole day.Firstly intraday correction and then its completion within mentioned range at 5409 was seen and according to projected bullish outlook market closed in Green.

-Sensex closed 71.60 points up today.
-Nifty closed 25.00 points up today.

Mid-session outlook-2(15-02-2011)

Firstly intraday correction and after that its completion within 5387-5420  was told and exactly same happened,correction completed at 5409 and market reversed.

Today trading range was given 5420-5500 and Nifty is trading at 5487 after forming the low at 5409. Bullish outlook is maintaned and expected intraday correction has been completed. Now firstly trading within resistance range 5460-5520 and 5520 crossing expected within couple of sessions.

Mid-session outlook(15-02-2011)

As minor intraday correction was expected therefore today expected range of 5420-5500 was given in Pre-open outlook and after watching intraday correction signals expected lower levels were also posted immediately after opening in Post-open outlook.

As sentiment is heated today morning therefore next level 5387 will also be kept in mind for  correction completion confirmations. 

Expected that intraday correction will complete within 5387-5420.

Post-open outlook(15-02-2011)

Range bound market on expected lines and minor intraday correction possibility can not be ruled out today and will be better to buy after intraday correction completion confirmations.Following intraday levels should be watched for intraday completion confirmation:-

1 5443
2 5432
3 5421

Pre-Open Market Outlook(15-02-2011)

Negative news based started corrective Wave-4 ended last Friday at 5177 and Wave-5 begun. Wave structure has already been discussed in Weekly Analysis(14-02-2011 to 18-02-2011). As per my view all those bullish expectations will be fulfilled in Wave-5 impulsive rally which were dreamed in the begining of 2011. Technical targets will be discussed in the coming sessions and next crucial points are as follows:-

1- Short term trend is up
2- Inhermediate term trend is down and will be up above 5556.
3- Long term trend is down and will be up after sustaining above 200-Day EMA(today at 5622)

Resistance ranges are as follows:-

1- 5460-5520
2- 5640-5780(Strong resistance)
3- 5800-5850
4- 6150-6180
5- 6240-6320

Consolidation requires after every rise to clear above resistances. Wave-5 begining indications but technically confirmations required for any move and crossing 5780 will be all type of bullish market confirmation because that will be cleariance of strong resistance and confirmation of all trends turning upward also.

As Nifty has to clear next resistance(5460-5520) therefore 1/2 sessions narrow range/slow moves may be seen in consolidation process but finally rally expected after clearing 5520.

Quiet and finally positive market expected today within 5420-5500.