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Nifty Spot-Levels & Trading Strategy for 16-03-2011
R3 5630
R2 5563
R1 5506
Avg 5439
S1 5382
S2 5315
S3 5258
Nifty Spot-Trading Strategy
H6 5574 Trgt 2
H5 5545 Trgt 1
H4 5517 Long breakout
H3 5483 Go Short
H2 5471
H1 5460
L1 5437
L2 5426
L3 5414 Long
L4 5380 Short Breakout
L5 5352 Trgt 1
L6 5323 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 16-03-2011
R3 5638
R2 5571
R1 5509
Avg 5442
S1 5380
S2 5313
S3 5251
Nifty(Mar Fut)-Trading Strategy
H6 5577 Trgt 2
H5 5547 Trgt 1
H4 5517 Long breakout
H3 5482 Go Short
H2 5470
H1 5458
L1 5435
L2 5423
L3 5411 Long
L4 5376 Short Breakout
L5 5346 Trgt 1
L6 5316 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 16-03-2011
R3 11005
R2 10905
R1 10813
Avg 10713
S1 10621
S2 10521
S3 10429
Bank Nifty(Mar Fut)-Trading Strategy
H6 10915 Trgt 2
H5 10871 Trgt 1
H4 10827 Long breakout
H3 10774 Go Short
H2 10757
H1 10739
L1 10704
L2 10686
L3 10669 Long
L4 10616 Short Breakout
L5 10572 Trgt 1
L6 10528 Trgt 2
Watch sustaining below 5400 for down move confirmation
Mid-session outlook(15-03-2011)
Following lines were told in today Pre-Open Market Outlook:-
1- "Some buying was seen between 5410-5450 in last 2 sessions therefore trading within this range expected today after weak opening"
2- Watch 5400 in most depressing mood and if Nifty sustaind below 5400 then expect 5200 fast
Last 2 sessions buying range of 5410-5450 and Nifty did not sustained below this range today and recovered.Indian markets are only 1.0% down while Dow's futures is 200 points down,European market are 1.7% to 3.0% down and all Asian markets closed 2% to 3% down. Certainly Indian markets are out performing Global markets and also proving good support at 5400.
Fresh selling confirmation within 5400-5450 is required for moves below 5400. Sentiment most depressed but 5400 is holding also. Whole market is bearish therefore Nifty is not sustaining below 5400 and until short covering will not complete till then Nifty will not dip below 5400.
If nuclear radiation further rise then Nifty will first trade within or below 5400-5450 and then sustain below 5400 after fresh selling. Get down confirmation from sustaining below 5400 only.
Watch sustaining below 5400 for down move confirmation.
Following lines were told in today Pre-Open Market Outlook:-
1- "Some buying was seen between 5410-5450 in last 2 sessions therefore trading within this range expected today after weak opening"
2- Watch 5400 in most depressing mood and if Nifty sustaind below 5400 then expect 5200 fast
Last 2 sessions buying range of 5410-5450 and Nifty did not sustained below this range today and recovered.Indian markets are only 1.0% down while Dow's futures is 200 points down,European market are 1.7% to 3.0% down and all Asian markets closed 2% to 3% down. Certainly Indian markets are out performing Global markets and also proving good support at 5400.
Fresh selling confirmation within 5400-5450 is required for moves below 5400. Sentiment most depressed but 5400 is holding also. Whole market is bearish therefore Nifty is not sustaining below 5400 and until short covering will not complete till then Nifty will not dip below 5400.
If nuclear radiation further rise then Nifty will first trade within or below 5400-5450 and then sustain below 5400 after fresh selling. Get down confirmation from sustaining below 5400 only.
Watch sustaining below 5400 for down move confirmation.
Nifty sustaining below 5400 will mean 5200 fast.
Indian markets Technical positions are as follows:-
1- Not trending.
2- range bound between 5200-5600 for the last 32 sesions.
3- Long term trenf confirm down.
4- Intermediate term and Short term trends are side ways.
5- Resistance with double top and ronding tops formations near 5600
6- Two times support near 5200 in last 32 sessions.
7- Strong support at 5400 and Nifty survived above it last week when adverse news flow was at its peak.
Indian markets are range bound and discounting all the adverse news within 5200-5600. Confirmation of peace in Libya and finishing of Nuclear radiaion risk in Japan will pave the way of moves above 5600 and worsening of situations will lead below 5400/5200. As sentiment was extremely depressed yesterday therefore sharp recovery and short covering rally seen yesterday and such volatlity will always be seen therefore cautious approach should be adopted.
Asian markets crsahing today morning and all are 1.5% to 3% down therefore whole day Red zone trading will be seen. Sharp surges like yesterday should not be expected because most of the shorts would have been covered yesterday. Some buying was seen between 5410-5450 in last 2 sessions therefore trading within this range expected today after weak opening. Asian markets are extremely depressed today morning and its negative impact will also be seen on Indian markets today.
Gap down opening and Watch 5400 in most depressing mood and if Nifty sustaind below 5400 then expect 5200 fast.
Nifty Spot-Levels & Trading Strategy for 15-03-2011
Nifty Spot-Levels
R3 5670
R2 5603
R1 5567
Avg 5500
S1 5464
S2 5397
S3 5361
Nifty Spot-Trading Strategy
H6 5635 Trgt 2
H5 5611 Trgt 1
H4 5587 Long breakout
H3 5559 Go Short
H2 5549
H1 5540
L1 5521
L2 5512
L3 5502 Long
L4 5474 Short Breakout
L5 5450 Trgt 1
L6 5426 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 15-03-2011
Nifty(Mar Fut)-Levels
R3 5709
R2 5635
R1 5595
Avg 5521
S1 5481
S2 5407
S3 5367
Nifty(Mar Fut)-Trading Strategy
H6 5671 Trgt 2
H5 5644 Trgt 1
H4 5617 Long breakout
H3 5586 Go Short
H2 5575
H1 5565
L1 5544
L2 5534
L3 5523 Long
L4 5492 Short Breakout
L5 5465 Trgt 1
L6 5438 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 15-03-2011
R3 11255
R2 11114
R1 11031
Avg 10890
S1 10807
S2 10666
S3 10583
Bank Nifty(Mar Fut)-Trading Strategy
H6 11176 Trgt 2
H5 11123 Trgt 1
H4 11071 Long breakout
H3 11009 Go Short
H2 10989
H1 10968
L1 10927
L2 10906
L3 10886 Long
L4 10824 Short Breakout
L5 10772 Trgt 1
L6 10719 Trgt 2
FII & DII trading activity in Capital Market Segment on 14-Mar-2011
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Pre-closing outlook(14-03-2011)
Strong recovery from lower levels today but Nifty is range bound between 5400-5600 for the last 10 sessions therefore sustaining above 5600 will also be watched for long term trend and all trends confirmations. If market favourable news comes from Libya and Japanese Nuclear plants then Nifty above 5600 will certainly be expected.
News based markets between 5400-5600 and get confirmation from sustaining beyond mentioned range only.
Global Shocks Proof,Next Trend Decider & Strong support- 5400
"Global Shocks Proof,Next Trend Decider & Strong support- 5400"
Above line is not being told today after watching today market but repeated again and again in every outlook after Japan earthquake:-
1- Following lines were told in Japan earthquake & Indian Stock Markets Technicals(Post-closing outlook(11-03-2011):-
"Japan earthquake proved strong support at 5400"
Just click following link of my blog in which importance of 5400 support was written from begining to last after Japan earthquake on 11-03-2011 :-
http://enjoydailyprofits.blogspot.com/2011/03/japan-earthquake-indian-stock-markets_11.html
2- Weekly Analysis- 14-03-2011 to 18-03-2011:-
"Minimum 5 times told about the importance of 5400 and reasons of its importance also given."
3- Pre-Open Market Outlook(14-03-2011):-
Importance of 5400 with 3 reasons given and clearly today today for trading within range of 5400-5500 and Nifty is trading within this range since opening today.
Nifty got good support at 5400 in most adverse situations and if sustains above then fresh up moves will certainability will be considered.first of all 5400-5500 will be watched and if Japanese nuclear radiation and Libyan internal situation does not worsen then moves above 5500 will certainly be considered.
Pre-Open Market Outlook(14-03-2011)
Nifty got support 2 times at and above 5400 in most following negative news effected previous week:-
1- DMK support withdrawing news on Monday
2- Gaddafi attack on oil infrastructure news on Thursday
3- Japan earthquake news on Friday
Good support at 5400 and surviving because no cracking like situation in Asian markets therefore first of all 5400-5500 will be watched and if Japanese nuclear radiation and Libyan internal situation does not worsen then Nifty is expected above 5400 and coming sessions intraday trading patterns will decide Indian markets reaction on Global negative developments.
Last Friday range(5400-5500) is next trend decider and expected that Nifty will trade whole day within this range, trading patterns within this range will decide next Indian markets and break out of this range will give confirmation to next Indian markets.
Indian Markets after Japanese Earthquake & Trading Policies
2011 begun with strong note but indian markets started crashing after non stop non ending flood negative news flow. Last week was its extreme.
"Nifty plummeted by 94 points in last week,firstly on account of the political drama between the DMK and Congress,then escalation of violence in Libya and in the last earthquake in Japan."
DMK and Congress issue has been resolved but no solution of Libyan internal disturbance and radiation risk after blast in Japanese Nuclear Reactor. Libya problem may boil crude rates and Japanese problems will hamper global economy as well as quantum of nuclear radiation risk is not known yet.
Uncertainity will prevail long, Indian stock markets will open and trade in most bearish and confused sentiment in the coming sessions. First of all it has to be understood how Indian markets wil be finally reacting on all these calamities:-
Long term trend is confirm down and Nifty retraced from 200 Day EMA(5600) 2 times in last 2 months after forming rounding top. Nifty also recovered 2 times from 5200 which had been strong support. Nifty recovered 2 times from 5400 in last week therefore 5400 is also a support. Internediate term and Short term trends were side ways and turned confirm down last Friday.
1- 2 Rounding Top Resistances at 5600 Chart:-
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| Just click on chart for its enlarged view |
1- 5400- Nifty slipped after earthquake news and recovered from here on 11-03-2011.
2- 5200- Rally started from here in July 2010 after good consolidation and also gave support near 5200 in last 2 months.
2-Immediate Supports & Resistances Chart:-
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| Just click on chart for its enlarged view |
Immediate possibility of crossing 5600 is negligible. Nifty survived above 5400 after DMK support withdrawing news on Monday,Gaddafi attack on oil infrastructure news on Thursday and Japan earthquake news on Friday therefore 5400 will be watched first and if Nifty sustains below 5400 then fast 5200 will be seen. More or less market will first understand all negative factors and its implications within 5200-5600. If Libya situations does not improve and Japanese nuclear radiation don't more deteriorate then Nifty may remain range bound within 5200-5600 and prepare for next moves. Although most depressing sentiment but following 3 declarationS will also decide Indian markets mood in the coming week:-
1- Monthly inflation data
2- RBI's mid-quarter policy
3- Advance tax numbers
As Indian markets are range bound for the last 2 months and 5200 had been strong support therefore its breaking down will be loosing of all hopes and Bear markets confirmation. If it happens then targets below 5200 will be given. Japanese calamity is worse than 2nd world war and any up move will be decided after fresh supports confirmation only.
weak Weekly opening and next markets will be decided firstly according to survival of 5400 and then 5200. View is cautious,slipping below 5400 will be strong indication of fresh down move begining and sustaining below 5200 will be confirmation long term Bearish Indian markets.
Japanese earthquake vast looses has been seen and big uncertainity about nuclear radiation and until that will not be clear till then remain cautious,its worsening and looming large will mean Nifty below 5200 therefore all its developments should be watched first.
Dipping is confirm and long positions should be created after indian markets bottoming out confirmations. As sentiment is most depressed therefore fresh shorting should be done after fresh intraday selling formations. Cautious trading because high intraday voltality may be seen also.
Nifty Spot-Levels & Trading Strategy for 14-03-2011
R3 5585
R2 5543
R1 5494
Avg 5452
S1 5403
S2 5361
S3 5312
Nifty Spot-Trading Strategy
H6 5536 Trgt 2
H5 5515 Trgt 1
H4 5495 Long breakout
H3 5470 Go Short
H2 5461
H1 5453
L1 5436
L2 5428
L3 5419 Long
L4 5394 Short Breakout
L5 5374 Trgt 1
L6 5353 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 14-03-2011
Nifty(Mar Fut)-Levels
R3 5612
R2 5563
R1 5511
Avg 5462
S1 5410
S2 5361
S3 5309
Nifty(Mar Fut)-Trading Strategy
H6 5560 Trgt 2
H5 5537 Trgt 1
H4 5514 Long breakout
H3 5486 Go Short
H2 5477
H1 5468
L1 5449
L2 5440
L3 5431 Long
L4 5403 Short Breakout
L5 5380 Trgt 1
L6 5357 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 14-03-2011
R3 11111
R2 11018
R1 10896
Avg 10803
S1 10681
S2 10588
S3 10466
Bank Nifty(Mar Fut)-Trading Strategy
H6 10990 Trgt 2
H5 10941 Trgt 1
H4 10892 Long breakout
H3 10833 Go Short
H2 10813
H1 10793
L1 10754
L2 10734
L3 10714 Long
L4 10655 Short Breakout
L5 10606 Trgt 1
L6 10557 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(14 Mar to 18-03-2011)
Nifty Spot-Weekly LevelsR3 5691
R2 5627
R1 5536
PIVOT 5472
S1 5381
S2 5317
S3 5226
Nifty Spot-Weekly Trading Strategy
H6 5601 Trgt 2
H5 5565 Trgt 1
H4 5530 Long breakout
H3 5487 Go Short
H2 5473
H1 5459
L1 5430
L2 5416
L3 5402 Long
L4 5359 Short Breakout
L5 5324 Trgt 1
L6 5288 Trgt 2
FII & DII trading activity in Capital Market Segment on 11-03-2011
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