Mid-session Outlook(31-03-2011)

Sentiment heated therefore Indian markets slipped from higher levels today in intraday correction. Expected that Nifty will get intra day support at 5800 today.

Nifty Waves Chart showed This Week Rally 4 days before

My outlooks are live proof of this fact that I told more than 5 times for 5900 in this week. I was 100% confirm for this level therefore I not told but also shown Bullish rally through upward arrows in chart on 28-03-3011. For live proof just click following link:-

http://enjoydailyprofits.blogspot.com/2011/03/rally-after-very-short-term-correction.html

Nifty Waves Structure Chart- This chart was posted in above link and in this chart expected upmoves toward 5900 were shown through upward arrows:-

Just click on chart for its enlarged view

Today high is 5872 and has almost tested my given target 4 days before.

Post-open Outlook(31-03-2011)

It has been told many times that market consolidates at higher levels in Bull rallies and same happening today. When Nifty was below 5400 from that levels also I  told many times in this week for minimum 5900 and it will be seen in next week or before.

Cosolidation is on after good opening today and Green closing will also be seen.

Pre-Open Market Outlook(31-03-2011)

Technical Positions and today Outlook and next possibilities have already been discussed in following topic yesterday in my Blog therefore not being repeated today:-

"Post-closing Report(30-03-2011) & Tomorrow Outlook"

March derivative series expiry at the top of month today and it means top formation after complete buying at lower levels. Closing expected near the top of month and any down move will not be possibble.

Nifty will first trade between 5770-5800 and will prepare for next moves. Consolidation,rally  and positive closing expected today. Fast moves above 5815. As some selling formations yesterday therefore sustaining above 5800 will be watched for immediate next upmove confirmations otherwise rally seems confirm above 5800.

Post-closing Report(30-03-2011) & Tomorrow Outlook

Indian victory in Historical Cricket Match

Nifty traded whole day today between 5770-5800. Following lines were told in Mid-session Outlook for today trading and being repeated:-

1- Sentiment heated after 438 points rise in last 8 sessions
2- Very short term indicators are over bought
3- some pivotal intraday chart are showing selling patterns
4- Indian markets are underperforming Asian markets

Nifty Intra Day Chart of Today

 Nifty F&O data of today as follows:-

Put Call Ratio- 1.08

Open Interest Changed Today

Nifty- 5700 CE(31MAR2011)- -1169700(-20.79%)
Nifty- 5700 PE(31MAR2011)- +420650(+5.93%)

Nifty- 5800 CE(31MAR2011)- +581050(+8.43%)
Nifty- 5800 PE(31MAR2011)- +2483500(+64.02%)

Today Closing

Sensex- closed at 19290.18(+169.38 Points & +0.89% )
Nifty- closed at 5787.65(+51.30 Points & +0.89%%)
CNX MIDCAP - closed at 8031.80(+129.80 Points & +1.64%)
BSE SMALL CAP- closed at 8158.67 (+175.83 Points & +2.20%)

Tomorrow(31-03-2011) Outlook

All trends are up,Rally is on and Nifty is trading within resistance range(5700-5900) and consolidation is required before any upmove. It is the character of Bullish rally that:-

1- Markets ususlly consolidate at higher levels.
2- Market does not dip too much.
3- Very short term indicators remains longer period in overbought zone.

Nifty will first hover around today range(5770-5800) and will prepare for next moves. Consolidation,rally  and positive closing expected expected tomorrow.

FII Trading Data in Derivatives Segment on 30-Mar-2011

FII & DII trading activity in Capital Market Segment on 30-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 30-Mar-2011 2802.2 2062.59 1111

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-Mar-2011 1291.97 1907.31 -615.34

Nifty Spot-Levels & Trading Strategy for 31-03-2011

Nifty Spot-Levels

R3 5859
R2 5831
R1 5809
Avg 5781
S1 5759
S2 5731
S3 5709

Nifty Spot-Trading Strategy

H6 5837     Trgt 2
H5 5825     Trgt 1
H4 5814     Long breakout
H3 5800     Go Short
H2 5796
H1 5791
L1 5782
L2 5777
L3 5773     Long
L4 5759     Short Breakout
L5 5748    Trgt 1
L6 5736    Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 31-03-2011

Nifty(Mar Fut)-Levels

R3 5866
R2 5841
R1 5820
Avg 5795
S1 5774
S2 5749
S3 5728

Nifty(Mar Fut)-Trading Strategy

H6 5845     Trgt 2
H5 5834     Trgt 1
H4 5824     Long breakout
H3 5811     Go Short
H2 5807
H1 5803
L1 5794
L2 5790
L3 5786     Long
L4 5773     Short Breakout
L5 5763     Trgt 1
L6 5752     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 31-03-2011

Bank Nifty(Mar Fut)-Levels

R3 12075
R2 11956
R1 11872
Avg 11753
S1 11669
S2 11550
S3 11466

Bank Nifty(Mar Fut)-Trading Strategy

H6 11994     Trgt 2
H5 11947     Trgt 1
H4 11900    Long breakout
H3 11844     Go Short
H2 11826
H1 11807
L1 11770
L2 11751
L3 11733    Long
L4 11677     Short Breakout
L5 11630     Trgt 1
L6 11583     Trgt 2

Mid-session Outlook(30-03-2011)

Bull markets correction character was explained in following lines Post-open Outlook yesterday and Indian markets showed exactly same  character in last one hour yesterday and first hour today:-

"Only minor very short term corrections should be expected after heated sentiments and rally will remain continued after its completion and fresh higher levels consolidations."

5700-5900 is resistance range and intraday correction with range bound moves or little dips will always be seen in consolidations. Sentiment heated after 438 points rise in last 8 sessions,Very short term indicators are over bought,some pivotal intraday chart are showing selling patterns and Indian markets are underperforming Asian markets also therefore today trading(5780-5800) range break out should be watched first immediate mext moves confirmations.

Updation will start after 10:00AM today

Blog could not be updated due to some unavoidable reasons after market hours yesterday. Posting will resume after 10:00AM today. Sorry for inconvenience.

Post-open Outlook(29-03-2011)

When all were telling for Nifty below 5200 then I started to tell for minimum 5900 and rally started from very much that day when minimum 5900 was told before oprning of market in Pre-Open Market Outlook(25-03-2011)

5th wave is on and Nifty is trading within resistance range(5700-5900). Market consolidate at higher levels without any deeper corrections in bullish markets and that will be seen. If having courage then ride on running horse otherwise if will try to stop(shorting) then remain prepared for kick.

Remain bullish. Market require complete complete selling patterns for any down move begining and whenever that will happen then intraday charts will show well in advance. Only minor very short term corrections should be expected after heated sentiments and rally will remain continued after its completion and fresh higher levels consolidations.

Post-open Outlook(29-03-2011)

All the Asian markets are either flat or in Red but Indian markets out performed today also and main Indices are up. Bull rally is on and it will correct at higher levels without too much slipping.

I am telling following lines daily:-

"Nifty will not sustain below 5580 in worst situations also" 

Bull rally will remain continued without any deeper correction.

Pre-Open Market Outlook(29-03-2011)

Technical Positions and today Outlook and next possibilities have already been discussed in following topic yesterday  therefore not being repeated today:-

"Post-closing Report(28-03-2011) & Tomorrow Outlook"

Intraday chart was posted in Post-closing Report(28-03-2011) yesterday and in that chart yesterday intraday moves were divided in 2 parts:-

1- Buying within 5655-5680
2- Selling Indications within 5691-5703

 As very short term indicators are overbought,minor correction possibility can not be ruled out and selling indication at higher levels also yesterdy therefore fresh consolidations is required and Nifty will trade first within yesterday range. Global markets are little weak today and if it deepens also then Indian markets may slip but  Nifty will not sustain below 5580 in worst situations also.

Let indian markets trade within yesterday range and today intraday charts will decide:-

1- Continuation of rally after fresh consolidations or
2- Very short term correction

Post-closing Report(28-03-2011) & Tomorrow Outlook

Indian markets out performed Asian Markets and closed positive despite all Asian markets Red closing. Most stocks intra day charts and Indices charts are showing consolidations except last 2 hours trading between 5691-5703 because some selling indications within this range. When such signals were observed then I told in my Blog for possibility of a dip and that was seen also and Indices closed after minor slipping from higher levels. Good consolidations at lower levels and most stocks are also showing consolidations therefore Bullish Outlook is maintained.

Nifty Intra Day Chart of Today:-

Just click on chart for its enlarged view

Nifty F&O data of today as follows

Put Call Ratio- 1.02

Open Interest Changed Today

Nifty- 5600 CE(31MAR2011)- -468300(-10.97%)
Nifty- 5600 PE(31MAR2011)- +881250(+13.52%)

Nifty- 5700 CE(31MAR2011)- -198850(-3.02%)
Nifty- 5700 PE(31MAR2011)- +2359100(+75.28%)

Today Closing

Nifty- closed at 5687.25(+33.00 Points & +0.58% )
SENSEX- closed at 18943.14(+127.50 Points & +0.68%)
CNX MIDCAP - closed at 7866.55(+42.40 Points & +0.54%)
BSE SMALL CAP- closed at 8011.63(+10.00 Points & +0.12%)

Tomorrow(29-03-2011) Outlook

Strong up trend and no other selling signal except 2 hours some selling indications within 5691-5703 today. 5600 forceful break out and sustaining above today also gave strong rally confirmations. Complete selling patterns are required for any decisive down moves and until that will not happen till then any down move will not be imagined and after 2 months range break out any selling development can not be dreamed also.

Markets consolidates at higher levels and only minor dips are seen in Bullish markets therefore continuation of rally expected after some intraday trading within today intraday range(5655-5703) or above if Global cues remains strong. As very short term indicators are overbought minor correction possibility can not be ruled out but Nifty will not sustain below 5580 in worst situations also.

FII Trading Data in Derivatives Segment on 28-Mar-2011

FII & DII trading activity in Capital Market Segment on 28-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 28-Mar-2011 2889.97 1999.95 890.01

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Mar-2011 1519.73 1806.25 -286.52

Nifty Spot-Levels & Trading Strategy for 29-03-2011

Nifty Spot-Levels

R3 5782
R2 5745
R1 5716
Avg 5679
S1 5650
S2 5613
S3 5584

Nifty Spot-Trading Strategy

H6 5753     Trgt 2
H5 5738     Trgt 1
H4 5723     Long breakout
H3 5705     Go Short
H2 5699
H1 5693
L1 5680
L2 5674
L3 5668     Long
L4 5650     Short Breakout
L5 5635     Trgt 1
L6 5620     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 29-03-2011

Nifty(Mar Fut)-Levels

R3 5797
R2 5763
R1 5731
Avg 5697
S1 5665
S2 5631
S3 5599

Nifty(Mar Fut)-Trading Strategy

H6 5765    Trgt 2
H5 5750    Trgt 1
H4 5735     Long breakout
H3 5717     Go Short
H2 5711
H1 5705
L1 5692
L2 5686
L3 5680     Long
L4 5662     Short Breakout
L5 5647     Trgt 1
L6 5632     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 29-03-2011

Bank Nifty(Mar Fut)-Levels

R3 11994
R2 11818
R1 11688
Avg 11512
S1 11382
S2 11206
S3 11076

Bank Nifty(Mar Fut)-Trading Strategy

H6 11871     Trgt 2
H5 11799     Trgt 1
H4 11727     Long breakout
H3 11643     Go Short
H2 11615
H1 11587
L1 11530
L2 11502
L3 11474     Long
L4 11390     Short Breakout
L5 11318     Trgt 1
L6 11246     Trgt 2