Pre-Open Market Outlook(21-03-2011)

Nifty traded between 5200-5600 in last 36 sessions and most of the days traded within 5400-5600. Double round top formation near 5600 and after that Nifty closed below 5400 last Friday. All trends are down and Nifty traded whole day near 5400 before closeing below it last Friday. War excalated in Libya in last 2 days but Gddafi acceped Ceasefire late in the night yesterday. If US and NATO accept then peace may be restored otherwise situation will worsen and crude price will rise  then global markets melting down will be seen. Indian markets will also not be spared and firstly 5200 will be tested as well as more down may also be seen. Mass revolt erupted in Middle-East and Internal disturbances witnessed in Yemen and Syria also yesterday therefore fresh down moves are very much possible in global stock markets.

1-Double Round Top Formations Chart-

Just click on chart for its enlarged view

Indian markets are already weak and all trends are down therefore any negative news will mean more down moves. 5400 has been strong support and Nifty traded most of the last Friday near it within 5375-5410 last Friday and sustaining below it today will mean 5200 fast.

Selling patterns below 5400 last Friday therefore testing of levels near 5200 possibility is high. Opening will depend oo global cues and expected that Indian markets will slip below last Fiday rnge and will close in Red today.

Nifty Spot-Levels & Trading Strategy for 21-03-2011

Nifty Spot-Levels

R3 5565
R2 5524
R1 5448
Avg 5407
S1 5331
S2 5290
S3 5214

Nifty Spot-Trading Strategy

H6 5490     Trgt 2
H5 5463     Trgt 1
H4 5437     Long breakout
H3 5405     Go Short
H2 5394
H1 5383
L1 5362
L2 5351
L3 5340     Long
L4 5308     Short Breakout
L5 5282     Trgt 1
L6 5255     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2011

Nifty(Mar Fut)-Levels

R3 5587
R2 5544
R1 5465
Avg 5422
S1 5343
S2 5300
S3 5221

Nifty(Mar Fut)-Trading Strategy

H6 5508     Trgt 2
H5 5480     Trgt 1
H4 5453     Long breakout
H3 5419     Go Short
H2 5408
H1 5397
L1 5374
L2 5363
L3 5352     Long
L4 5318     Short Breakout
L5 5291     Trgt 1
L6 5263     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2011

Bank Nifty(Mar Fut)-Levels

R3 17115
R2 14036
R1 16896
Avg 13817
S1 16677
S2 13598
S3 16458

Bank Nifty(Mar Fut)-Trading Strategy

H6 20158     Trgt 2
H5 20017     Trgt 1
H4 19876     Long breakout
H3 19816     Go Short
H2 19796
H1 19776
L1 19735
L2 19715
L3 19695     Long
L4 19635     Short Breakout
L5 19494     Trgt 1
L6 19353     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(21 Mar to 25-03-2011)

Nifty Spot-Weekly Levels

R3 5655
R2 5596
R1 5484
Avg 5425
S1 5313
S2 5254
S3 5142

Nifty Spot-Weekly Trading Strategy

H6 5544     Trgt 2
H5 5505     Trgt 1
H4 5467     Long breakout
H3 5420     Go Short
H2 5404
H1 5388
L1 5357
L2 5341
L3 5325     Long
L4 5278     Short Breakout
L5 5240     Trgt 1
L6 5201     Trgt 2

Trading Ranges For Confirmation of Indian markets at 5400

Mid-session outlook(18-03-2011)

Indian Markets Next Moves Confirmation Ranges Near 5400

Nifty got support 3 times at 5400 in last 10 sessions amid most devastating sentiments and again trading near 5400 after the news of RIL letter to DGH regarding pulling down production. It can not be guaranteed that Nifty will again recover from 5400 as it happened earlier therefore will be better to decide Indian markets according to sustainability beyond following levels:-

1- First indication range- 5388-5417
2- Confirmation range- 5370-5432

Be bearish below 5388/5370
Be Bullish above 5417/5432 

Let Nifty Sustain above 5400 then Go Long

Post-open outlook(18-03-2011)

Sentiment hampered after news of RIL letter to DGH regarding pulling down production,lead Indian markets to tank through moving 3.6% down. No respite and relief from negative news in 2011. Last hope of Indian markets long term turning up is Nifty sustaing above 5400 amid most devastating news and now trading near 5400 again. Although Nifty got support at 5400 three times in last 10 sessions and it has turned strong support also but it is not guaranteed that Nifty will get support again this time and will not slip below it.

First get confirmation that Nifty got support again near 5400 then go long. Let confirmation come then will be posted accordingly.

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.