NIFTY-MAR F&O-1ST SELLING OF 22-03-2011-TRADE

NIFTY-MAR F&O-1ST SELLING OF 22-03-2011-TRADE

NIFTY(MAR FUT-SELL-POSITIONAL)SL-5461-TGT-5354-CMP-5434
NIFTY(MAR PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-5300,5400-NIFTY(MAR FUT)-RATES ARE FOR-5461-TGT-5354 FOR ALL OPTIONS-CMP-5434

Mid-session outlook-2(22-03-2011)

US markets closed with good gains yesterday and all the Asian markets recovered from lower levels and eithr closed or trading in Green therefore Indian markets are up today and Nifty trading above 5410. Nifty did not sustained below 5375 and and moved above 5410. Let Nifty sustain one side then next trend will be decided.

Mid-session outlook(22-03-2011)

Finance Bill being discussed in Parliament today therefore some sentimental bullishness also and Nifty is trading above 5410,if sustains above then rally will be seen.

BJP moved privilege notice against PM in Lok Sabha

BJP moved privilege notice against PM in Lok Sabha

Discussion on Finance bill in Lok Sabha

Market may be volatile

Pre-Open Market Outlook(22-03-2011)

All the global markets closed positive and some with good gains yesterda\y but Indian markets under performed and was the only market which closed in Red. Nifty traded most time within 5375-5410 in last 2 days and Nifty finally slipped and closed below it at 5364 yestetrday. All trends are down Nifty traded below 5400 in last 2 sessions and if Nifty sustains below 5400 today then 5400 breaking down will get confirmation and in that situation 5200 will be seen.

Intraday charts of last 2 days are showing selling indications within 4375-5410 in last 2 days and if follow up selling develop today in Newd based and global markets led voltality expected day then it will be confirmation of fresh fast down move minimum toward 5200.

Firtly trading between last 2 sessions range(5375-5410) and finally closing below it in Red expected today.

FII Trading Data in Derivatives Segment on 21-Mar-2011

FII & DII trading activity in Capital Market Segment on 21-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 21-Mar-2011 1263.27 1360.29 -97.02

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Mar-2011 782.26 734.28 47.98

Nifty Spot-Levels & Trading Strategy for 22-03-2011

Nifty Spot-Levels

R3 5467
R2 5440
R1 5402
Avg 5375
S1 5337
S2 5310
S3 5272

Nifty Spot-Trading Strategy

H6 5429     Trgt 2
H5 5414     Trgt 1
H4 5399     Long breakout
H3 5381     Go Short
H2 5375
H1 5369
L1 5358
L2 5352
L3 5346     Long
L4 5328     Short Breakout
L5 5313     Trgt 1
L6 5298     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2011

Nifty(Mar Fut)-Levels

R3 5485
R2 5455
R1 5417
Avg 5387
S1 5349
S2 5319
S3 5281

Nifty(Mar Fut)-Trading Strategy

H6 5448     Trgt 2
H5 5432     Trgt 1
H4 5417     Long breakout
H3 5398     Go Short
H2 5392
H1 5386
L1 5373
L2 5367
L3 5361     Long
L4 5342     Short Breakout
L5 5327     Trgt 1
L6 5311     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2011

Bank Nifty(Mar Fut)-Levels

R3 10992
R2 10916
R1 10843
Avg 10767
S1 10694
S2 10618
S3 10545

Bank Nifty(Mar Fut)-Trading Strategy

H6 10920     Trgt 2
H5 10886     Trgt 1
H4 10851     Long breakout
H3 10810     Go Short
H2 10797
H1 10783
L1 10756
L2 10742
L3 10729     Long
L4 10688    Short Breakout
L5 10653     Trgt 1
L6 10619     Trgt 2

Pre-closing outlook(21-03-2011)

Dow's futures is more than 117 points up now,Hangseng and STI are more than 1.6% up and  Remaining all the Asian markets closed positive today. European markets are 1.1% to 2.1% up. Indian markets are quarter percent up after recovering from lower levels and trading within last Friday range(5375-5410) for the last 3 hours. Indian markets are under performing global markets and we should not be Bullish after watching so much positive global markets but should wait for break out of last Friday range which will give following conclusions:-

1- Break out above 5410 will mean up moves to 5500 on the back of strong global cues.
2- Break down below 5375 will mean fast down moves to 5200 after good selling in 2 sessions.

Global cues and news led volatile markets therefore firstly getting confirmation through break out and then trading will be safer.

Mid-session outlook(21-03-2011)

Dow's futures is more than 80 points up now and most Asian markets are more than 1/2% up today morning but Indian markets traded more than .40% down after more than 1/2% positive opening. Intraday voltality and Nifty is trading withinlast Friday trading range 5375-5410 and if sustains below 5375 today then it will be down move confirmation and in that situation Nifty will test 5200.

News based markets and stainability beyond last Friday range will be next move confirmation.

Gaddafi accepted ceasfire

Pre-open outlook-2(21-03-2011)

Gaddafi accepted ceasfire therefore Dow's futures is more than 70 points up and most Asian markets are about 1% up today morning. As most positive development therefore sustaining above 5400 will be watched again and final view regarding next indian markets should be concluded after sustaining above or below last Friday range(5375-5410).

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.