Pre-Open Market Outlook(18-03-2011)

Long term trend is down and will be up above 5600. Intermediate and Short term trends are side ways within 5400-5600 and will be up above 5600. Indian markets are range bound 5200-5600 for the last 33 sessions and Indian markets will show fast decisive moves after its break out.

Libya issue still unresolved,Japanese radiation not controlled and WikiLeaks exposure of Bribe payment by UPA in 2008 are suggesting that worst is not over, Indian markets are waiting within 5400-5600 for cooling down of all irritating developments.As per my view worst is over in Japanese radiation and WikiLeaks exposure issues because radiation will not reach India and WikiLeaks exposure will not be able to destabilise UPA Govt.

Indian markets slipped and closed in Red after WikiLeaks exposure news yesterday but intraday patterns are suggesting consolidations. Although Nifty slipped from higher levels but intraday charts are not suggesting genuine selling but consolidion signals also. Nifty is trading between 5400-5600 for the last 11 sessions and got support at 5400 during most depressing news therefore strong support at 5400 and crossing 5600 will be seen after getting confidence regarding above mentioned irritating developments,

Global markets are positive today morning and Nifty will trade between yesterday range(5435-5510) after positive opening today. Fresh consolidation and Positive closing expected today and 5535 will be first strong indication and moves above 5580 will be confirmation of strong rally above 5600.

Nifty Spot-Levels & Trading Strategy for 18-03-2011

Nifty Spot-Levels

R3 5567
R2 5538
R1 5492
Avg 5463
S1 5417
S2 5388
S3 5342

Nifty Spot-Trading Strategy

H6 5521     Trgt 2
H5 5504     Trgt 1
H4 5487     Long breakout
H3 5466     Go Short
H2 5459
H1 5452
L1 5439
L2 5432
L3 5425     Long
L4 5404     Short Breakout
L5 5387     Trgt 1
L6 5370     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 18-03-2011

Nifty(Mar Fut)-Levels

R3 5590
R2 5559
R1 5512
Avg 5481
S1 5434
S2 5403
S3 5356

Nifty(Mar Fut)-Trading Strategy

H6 5544     Trgt 2
H5 5526     Trgt 1
H4 5508     Long breakout
H3 5487     Go Short
H2 5480
H1 5473
L1 5458
L2 5451
L3 5444     Long
L4 5423     Short Breakout
L5 5405     Trgt 1
L6 5387     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 18-03-2011

Bank Nifty(Mar Fut)-Levels

R3 11206
R2 11127
R1 11018
Avg 10939
S1 10830
S2 10751
S3 10642

Bank Nifty(Mar Fut)-Trading Strategy

H6 11097     Trgt 2
H5 11055     Trgt 1
H4 11012     Long breakout
H3 10960     Go Short
H2 10943
H1 10926
L1 10891
L2 10874
L3 10857     Long
L4 10805     Short Breakout
L5 10762     Trgt 1
L6 10720     Trgt 2

FII Trading Data in Derivatives Segment on 17-Mar-2011

FII & DII trading activity in Capital Market Segment on 17-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 17-Mar-2011 1546.32 2674.93 -1128.61

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Mar-2011 1044.93 612.86 432.07

RBI credit policy will decide Indian markets

Pre-open outlook-2(17-03-2011)

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:-

Just click on chart for its enlarged view

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.

FII Trading Data in Derivatives Segment on 16-Mar-2011

Nifty Spot-Levels & Trading Strategy for 17-03-2011

Nifty Spot-Levels

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

Nifty(Mar Fut)-Levels

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

Bank Nifty(Mar Fut)-Levels

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

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 16-Mar-2011 2233.78 2368.3 -134.52

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Mar-2011 1153.03 826.31 326.72

5500-5535 Break out will decide Next Indian Markets

Pre-closing outlook(16-03-2011)

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 Trading Data in Derivatives Segment on 15-Mar-2011

FII & DII trading activity in Capital Market Segment on 15-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 15-Mar-2011 2520.63 2372.35 148.28

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 15-Mar-2011 1247.79 680.69 567.1

Nifty Spot-Levels & Trading Strategy for 16-03-2011

Nifty Spot-Levels

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

Nifty(Mar Fut)-Levels

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

Bank Nifty(Mar Fut)-Levels

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.