Mid-session Outlook(24-03-2011)

Global markets are strong,Sentiment is heated and Nifty is trading within next resistance range(5500-5535) after gap up opening today. As sentiment is heated therefore profit booking possibility should also be kept in mind and next move final conclusion should be drawn after break out of mentioned resistance range.

Post-open Outlook(24-03-2011)

Nifty forcefully entered and trading within resistance range 5500-5535, Follow up buying and Consolidation required within this range today,its confirmation and first strong up move indication will come above 5535..

Pre-Open Market Outlook(24-03-2011)

Pennant formation in EOD chart and its break out will give first strong indication of next Indian markets moves and confirmation points will be sustaining beyong 5400 or 5600.

1- EOD chartshowing Pennant Pattern:-

Just click on chart for its enlarged view

US markets closed with good gains yesterday therefore Asian markets are positive today morning. It seens that global markets have recovered from Middle-East and Japanese shocks and now started up moves. Indian markets tolerated worst news and maitained within last 38 sessions range(5200-5600).

Technical positions,Supports,Resistances and levels have already been discussed in "Post-closing Report(23-03-2011) & Tomorrow Outlook" therefore not being repeated today.

Next moves deciding range is 5455-5535. Immediate resistances above 5500 and immediate supports below 5500 also. Nifty will hover around 5500,prepare for next moves and sustaining above or below will be next moves first indication. Let market prepare for next moves and get first indication after crossing of 5455-5535.

Post-closing Report(23-03-2011) & Tomorrow Outlook

Long Term and Intermediate term trends are down and Short term trend turned up after good gains today. Nifty traded most of the time between 5455-5475 in rising channel with intraday consolidation patterns today and If sustains above it tomorrow then today trading range will be good support.

Nifty Intra Day Chart of Today:-

Just click on chart for its enlarged view

-Sensex closed at 18206.16 with 217.86 (1.21%) points up today.
-Nifty closed at 5480.25 with 66.40 (1.23%)  points up today.

Tomorrow(24-03-2011) Outlook:-

Next immediate Resistances are as follows:-

1- 5500-5535
2- 5540-5580

Nifty has to cross immediate resistance above 5500 therefore require fresh consolidation near 5500 tomorrow and Nifty will first hover around it. Nifty traded most days between 5400-5600 in last 38 sessions and Indian markets have to prepare for its crossing. Nifty will trade in the middle of this range near 5500 tomorrow with good resistances at higher levels and also equally good supports at lower levels.

Next move preperation range is 5455-5535 and expected that Nifty will trade whole day within this range tomorrow. Next Indian markets will be decided step by step and crossing of supports or resistances and finally sustaining beyond 5400-5600 will give next moves confirmations. 5400 proved strong support in worst situations and sentiments and things are turning normal. If Middle-East normalise and Crude price stabilise then 5600 crosing will be seen.

Let market prepare for next moves and get first indication after crossing of 5455-5535

FII Trading Data in Derivatives Segment on 23-Mar-2011

FII & DII trading activity in Capital Market Segment on 23-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 23-Mar-2011 1930.24 1618.14 312.1

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Mar-2011 2042.81 931.13 1111.68

Nifty Spot-Levels & Trading Strategy for 24-03-2011

Nifty Spot-Levels

R3 5592
R2 5538
R1 5509
Avg 5455
S1 5426
S2 5372
S3 5343

Nifty Spot-Trading Strategy

H6 5564     Trgt 2
H5 5544     Trgt 1
H4 5525     Long breakout
H3 5502     Go Short
H2 5495
H1 5487
L1 5472
L2 5464
L3 5457     Long
L4 5434     Short Breakout
L5 5415     Trgt 1
L6 5395     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 24-03-2011

Nifty(Mar Fut)-Levels

R3 5620
R2 5562
R1 5531
Avg 5473
S1 5442
S2 5384
S3 5353

Nifty(Mar Fut)-Trading Strategy

H6 5590     Trgt 2
H5 5569     Trgt 1
H4 5548     Long breakout
H3 5524     Go Short
H2 5516
H1 5508
L1 5491
L2 5483
L3 5475     Long
L4 5451     Short Breakout
L5 5430     Trgt 1
L6 5409     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 24-03-2011

Bank Nifty(Mar Fut)-Levels

R3 5207
R2 2054
R1 4466
Avg 7619
S1 14139
S2 17292
S3 23812

Bank Nifty(Mar Fut)-Trading Strategy

H6 11217     Trgt 2
H5 11164     Trgt 1
H4 11110     Long breakout
H3 11048     Go Short
H2 11027
H1 11006
L1 10965
L2 10944
L3 10923     Long
L4 10861     Short Breakout
L5 10807     Trgt 1
L6 10754     Trgt 2

Pre-closing outlook(23-03-2011)

Indian markets are range bound(5400-5600) and not trending, All trends are down but not sustained below 5400 also and recovered 4 times. All the worst and negative news are digested by this range but multiple redidtances above 5500 also and market require complete consolidation at every point above 5500.

Today up move is nice and Nifty is trading between 5455-5475 for the last 5 hours. Nifty sustaining beyond today range will decide that today rally is genuine or not. As today patterns are showing consolidation therefore up move possibility is high and Nifty is trading at 5480 at this moment but if sustains above 5475 tomorrow then rally above 5500 will be considered.

Although consolidation signals between 5455-5475 today but confirmation required tomorrow from sustaining above.

Mid-session outlook-2(23-03-2011)

Sentiment turned completely depressed due to internal disturbances in Middle-East countries and US attack on Libya. As retailers shorts would have developed at lower levels therefore today rally seen immediately after oprning. As we understood rally possibility therefore we covered our shorting position near today lower levels before the begining of up moves. Resistances above 5500 therefore Nifty will trade between 5400-5500 and next moves will depend on the developments in Middle East countries and Crude price.

NIFTY-MAR F&O-1ST SHORTING OF 22-03-2011-COVERING

NIFTY MAR F & O(SHORTED ON 22-03-2011)-COVER IMMEDIATELY-CMP-5440

Pre-Open Market Outlook(23-03-2011)

All the Asian markets were positive and sentiment was strong due to US markets good gains one day before therefore Indian markets traded and closed positive yesterday. Asian markets are weak today morning after negative US markets closing therefore Nifty will trade between 5375-5410 after weak opening,this range break out and sustaining beyond will decide the strength of 5400. Selling patterns were seen between 5375-5410 in 2 previous sessions and today follow up selling will mean finally break down of 5375.

Firstly trading between 5375-5410 and finally below 5375 expected within couple of sessions.

FII Trading Data in Derivatives Segment on 22-Mar-2011

FII & DII trading activity in Capital Market Segment on 22-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 22-Mar-2011 1533.5 1297.21 236.29

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Mar-2011 844.44 748.4 96.04

Nifty Spot-Levels & Trading Strategy for 23-03-2011

Nifty Spot-Levels

R3 5487
R2 5457
R1 5435
Avg 5405
S1 5383
S2 5353
S3 5331

Nifty Spot-Trading Strategy

H6 5465     Trgt 2
H5 5453     Trgt 1
H4 5441     Long breakout
H3 5427     Go Short
H2 5422
H1 5417
L1 5408
L2 5403
L3 5398    Long
L4 5384     Short Breakout
L5 5372     Trgt 1
L6 5360     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 23-03-2011

Nifty(Mar Fut)-Levels

R3 5520
R2 5484
R1 5459
Avg 5423
S1 5398
S2 5362
S3 5337

Nifty(Mar Fut)-Trading Strategy

H6 5495     Trgt 2
H5 5481    Trgt 1
H4 5467     Long breakout
H3 5450     Go Short
H2 5445
H1 5439
L1 5428
L2 5422
L3 5417    Long
L4 5400     Short Breakout
L5 5386     Trgt 1
L6 5372     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 23-03-2011

Bank Nifty(Mar Fut)-Levels

R3 10971
R2 10918
R1 10866
Avg 10813
S1 10761
S2 10708
S3 10656

Bank Nifty(Mar Fut)-Trading Strategy

H6 10919     Trgt 2
H5 10895     Trgt 1
H4 10871     Long breakout
H3 10842     Go Short
H2 10833
H1 10823
L1 10804
L2 10794
L3 10785     Long
L4 10756     Short Breakout
L5 10732     Trgt 1
L6 10708     Trgt 2

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.