ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 17-Mar-2011
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RBI credit policy will decide Indian markets
Technical positions between 5400-5600 are as follows:-
1- 5400 gave support in most depressing sentiments therefore strong support.
2- Previous resistance between 5540-5580 and Nifty traded whole day just below it within 5500-5535 yesterday.
All the Asian markets markets are again down today morning after US markets closing in deep Red therefore weak opening and firstly trading within 5450-5500 will be seen. RBI will declare credit policy today and till then Nifty trading within this range will be seen.
News based and global cues guided markets. Yesterday whole day positive after strong Asian markets and today firstly weak trading between 5450-5500 before RBI credit Policy and finally Indian markets will be decided according to Nifty sustaining below or above 5500.
Final moves will be seen after credit policy and conclusions should be drawn today from following moves after its declaration:-
1- If Nifty sustains below 5500 then expect 5400 fast.
2- If Nifty finally moves above 5535 then it will be strong indication of rally in the coming week.
Pre-Open Market Outlook(17-03-2011)
Nifty is trading within 5200-5600 for the last 33 sessions and Supports and Resistamces are as follows:-
1- Resistance at 5600
2- Strong Support at 5400
3- Support at 5200
Following 2 formations are seen in EOD Chart:-
1- Continuation pattern- Symmetrical Triangle
2- Bullish Pattern- W" Formation
1- EOD Chart showing above formations:-
Sentiment is extremely depressd in last 8 sessions but Nifty survived above 5400 therefore it is well proved strong support and until Nifty will not sustain below it till then any down move will not be imagined despite whatsoever negative news.
Next immediate resistance is between 5540-5580 and Nifty traded whole day below it within 5500-5535 yesterday with intraday charts bullish indications,as markets are news based therefore confirmation through range break out and sustaining beyond is must. Markets are news based highly volatile in this week and will open at any point between 5400-5600according to sentiment just before trading but sustaining above or below yesterday range will give following conclusions:-
1- If Nifty moves above 5535 then will easily cross 5580 and full forced bullish markets will be expected.
2- If Nifty sustains below then 5400 will be watched first and if Nifty sustains below 5200 then fast down moves will be seen.
Dow is 200 points down at this moment therefore weak opening is possible today morning but final moves will be decided according to sustaining below or above 5500.
1- Resistance at 5600
2- Strong Support at 5400
3- Support at 5200
Following 2 formations are seen in EOD Chart:-
1- Continuation pattern- Symmetrical Triangle
2- Bullish Pattern- W" Formation
1- EOD Chart showing above formations:-
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| Just click on chart for its enlarged view |
Next immediate resistance is between 5540-5580 and Nifty traded whole day below it within 5500-5535 yesterday with intraday charts bullish indications,as markets are news based therefore confirmation through range break out and sustaining beyond is must. Markets are news based highly volatile in this week and will open at any point between 5400-5600according to sentiment just before trading but sustaining above or below yesterday range will give following conclusions:-
1- If Nifty moves above 5535 then will easily cross 5580 and full forced bullish markets will be expected.
2- If Nifty sustains below then 5400 will be watched first and if Nifty sustains below 5200 then fast down moves will be seen.
Dow is 200 points down at this moment therefore weak opening is possible today morning but final moves will be decided according to sustaining below or above 5500.
Nifty Spot-Levels & Trading Strategy for 17-03-2011
R3 5599
R2 5567
R1 5539
Avg 5507
S1 5479
S2 5447
S3 5419
Nifty Spot-Trading Strategy
H6 5571 Trgt 2
H5 5557 Trgt 1
H4 5544 Long breakout
H3 5527 Go Short
H2 5522
H1 5516
L1 5505
L2 5500
L3 5494 Long
L4 5478 Short Breakout
L5 5464 Trgt 1
L6 5450 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 17-03-2011
R3 5634
R2 5593
R1 5558
Avg 5517
S1 5482
S2 5441
S3 5406
Nifty(Mar Fut)-Trading Strategy
H6 5599 Trgt 2
H5 5582 Trgt 1
H4 5564 Long breakout
H3 5543 Go Short
H2 5536
H1 5529
L1 5516
L2 5509
L3 5502 Long
L4 5481 Short Breakout
L5 5463 Trgt 1
L6 5446 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 17-03-2011
R3 11312
R2 11167
R1 11066
Avg 10921
S1 10820
S2 10675
S3 10574
Bank Nifty(Mar Fut)-Trading Strategy
H6 11215 Trgt 2
H5 11157 Trgt 1
H4 11100 Long breakout
H3 11032 Go Short
H2 11010
H1 10987
L1 10942
L2 10919
L3 10897 Long
L4 10829 Short Breakout
L5 10772 Trgt 1
L6 10714 Trgt 2
FII & DII trading activity in Capital Market Segment on 16-Mar-2011
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5500-5535 Break out will decide Next Indian Markets
Conclusions from last 10 sessions:-
1- 5400 is strong support,complete selling required for any move below it and until NIfty will not sustain below 5400 till then any down move will not be considered.
2- Indian markets out performed all global markets in recent days catastrophes
Nifty traded most of the time within 5500-5535 today and slipped fast in last one hour,tested 5500 and recovered to 5515 also. Volatile,range bouns and positive market today and reacting fast on every news. Technical positions shift in such situations therefore break out and sustaining beyond today range will give following conclusions:-
1- As Nifty survived above 5400 in worst sentiments therefore sustaining above 5535 will be confirmation of today higher levels consolidations and then begining of fresh rally will be considered.
2- Sustaining below 5500 will be Indian markets surrrendering before Global Crisis and then testing of levels near 5400 will be expected.
Today whole day narrow range trading range break out will give decisive conclusions and confirmation to next Indian markets. Cautious approach is must and trading after break out of 5500-5535 will be safer.
Watch Trend Decider only 5400-5600 in Most Depressed Sentiment
Pre-Open Market Outlook(16-03-2011)
Indian markets are influenced by flood of negative news in 2011. Deeper correction begun after unprecedented rise in infation and now hazardous risk of radiation. Calamity is so high that no one can guarantee about its magnitude of spreading around globe. All the market were fear gripped and closed in deep Red but Indian markets out performed and closed with minimum percentage loss yesterday.
It is positive for Indian markets that Nifty did not sustained below 5400 in extremely dampened sentiment and maining range bound character through trading within 5400-5600. All the devastating news are being discounted within mentioned range and final view for Indian markets should be formed after its breaking out and sustaining beyond.
As short term trend turned oversold after sharp fall in previous sessions therefore all the Asian markets are in Green today morning and Indian markets will respond it through opening and positive zone trading firstly within 5450-5520. Supports and Resistances within 5400-5600 are as follows:-
1- Strong support- 5400-5440
2- Resistance- 5540-5580
Strong support at 5400 has been proved from last 7 sessions trading and all the news are being discounted within 5400-5600. Markets feeling relief from developments in Libya but quantum of radiation spreading is not known yet. Let whole picture clear then decisive moves beyond 5400-5600 should be expected and till then market will watch and prepare for next moves within it.
Market range bound,not prepared for any side break out and will prepare in the coming sessions. Let this process complete then final conclusion will be drawn from coming sessions intrady charts formations. Trend deciding ranges at present are:-
1- For today- 5450-5520
2- Finally- 5400-5600
FII & DII trading activity in Capital Market Segment on 15-Mar-2011
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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
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