Selling confirmation between 5156-5167
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(29-03-2012)
Following line was told in Weekly Outlook(Mar 26 to Mar 30,2012) on 25-03-2012:-
correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out
Nifty is hovering around 200-Day SMA(today at 5151) since opening today and testing Long Term Trend. Although sustaining it beyond should be firstly watched today but expected that Nifty will get support near it about and rally will start after completion of correction from this most crucial level.
correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out
Nifty is hovering around 200-Day SMA(today at 5151) since opening today and testing Long Term Trend. Although sustaining it beyond should be firstly watched today but expected that Nifty will get support near it about and rally will start after completion of correction from this most crucial level.
Correction
Long Term Trend Saviour 200-Day SMA(today at 5151)
By mistake it was written 5251 and has been corrected to 5151
200-Day SMA 5151 is shown in following Chart also:-
By mistake it was written 5251 and has been corrected to 5151
200-Day SMA 5151 is shown in following Chart also:-
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| Just click on chart for its enlarged view |
Long Term Trend Saviour 200-Day SMA(today at 5151)
Nifty-Intra Day Chart(28-Mar-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5215-5236
2- Down moves in Falling Channels
3- Whole day trading between 51670-5236
Although whole day negative zone trading today and higher levels selling also but intraday patterns are showing consolidation formations. As consolidations and base formations were seen in both previous sessions also therefore rally continuation is expected after correction completion near about or above 200-Day SMA(today at 5151).
US markets are more than .75% down at this moment therefore initial weakness is possible tomorrow morning and Nifty may slip below previous strong support(5172) also but finally rally is expected because last 3 sessions intraday consolidations patterns.
Only sustaining beyond Long term trend decider 200-Day SMA(today at 5151) should be firstly watched tomorrow and expected that it will prove Long Term Trend Saviour.
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| Just click on chart for its enlarged view |
1- Selling between 5215-5236
2- Down moves in Falling Channels
3- Whole day trading between 51670-5236
Conclusions from intra day chart analysis
Although whole day negative zone trading today and higher levels selling also but intraday patterns are showing consolidation formations. As consolidations and base formations were seen in both previous sessions also therefore rally continuation is expected after correction completion near about or above 200-Day SMA(today at 5151).
US markets are more than .75% down at this moment therefore initial weakness is possible tomorrow morning and Nifty may slip below previous strong support(5172) also but finally rally is expected because last 3 sessions intraday consolidations patterns.
Only sustaining beyond Long term trend decider 200-Day SMA(today at 5151) should be firstly watched tomorrow and expected that it will prove Long Term Trend Saviour.
FII & DII trading activity in Capital Market Segment on 28-Mar-2012
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Indian Stock Markets Closing Reports(28-Mar-2012)
Main features of today trading are as follows
1- All the Indices closed in Red except HC and FMCG.
2- Black Candle.
3- Whole day weakness after negative opening.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(28-Mar-2012): 18.36
Advances & Declines
BSE Advances : 830
BSE Declines : 2099
NSE Advances : 354
NSE Declines : 1113
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- +352650(+26.68%)
Nifty- 5100 PE(Mar)- +1406050(+15.74%)
Nifty- 5200 CE(Mar)- +60350(+1.17%)
Nifty- 5200 PE(Mar)- -168550(-2.63%)
Nifty- 5300 CE(Mar)- +1380400(+26.04%)
Nifty- 5300 PE(Mar)- -1196900(-29.20%)
Closing
Nifty- closed at 5,194.75(-48.40 Points & -0.92%)
Sensex- closed at 17,121.62(-135.74 Points & -0.79% )
CNX Midcap - closed at 7,498.35(-83.20 Points & -1.10%)
BSE Smallcap- closed at 6,451.49(-70.56 Points & -1.08%)
1- All the Indices closed in Red except HC and FMCG.
2- Black Candle.
3- Whole day weakness after negative opening.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(28-Mar-2012): 18.36
Advances & Declines
BSE Advances : 830
BSE Declines : 2099
NSE Advances : 354
NSE Declines : 1113
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- +352650(+26.68%)
Nifty- 5100 PE(Mar)- +1406050(+15.74%)
Nifty- 5200 CE(Mar)- +60350(+1.17%)
Nifty- 5200 PE(Mar)- -168550(-2.63%)
Nifty- 5300 CE(Mar)- +1380400(+26.04%)
Nifty- 5300 PE(Mar)- -1196900(-29.20%)
Closing
Nifty- closed at 5,194.75(-48.40 Points & -0.92%)
Sensex- closed at 17,121.62(-135.74 Points & -0.79% )
CNX Midcap - closed at 7,498.35(-83.20 Points & -1.10%)
BSE Smallcap- closed at 6,451.49(-70.56 Points & -1.08%)
Nifty Spot-Levels & Trading Strategy for 29-03-2012
Nifty Spot-Levels
R3 5297
R2 5266
R1 5230
Avg 5199
S1 5163
S2 5132
S3 5096
Nifty Spot-Trading Strategy
H6 5261 Trgt 2
H5 5246 Trgt 1
H4 5230 Long breakout
H3 5212 Go Short
H2 5206
H1 5200
L1 5187
L2 5181
L3 5175 Long
L4 5157 Short Breakout
L5 5141 Trgt 1
L6 5126 Trgt 2
R3 5297
R2 5266
R1 5230
Avg 5199
S1 5163
S2 5132
S3 5096
Nifty Spot-Trading Strategy
H6 5261 Trgt 2
H5 5246 Trgt 1
H4 5230 Long breakout
H3 5212 Go Short
H2 5206
H1 5200
L1 5187
L2 5181
L3 5175 Long
L4 5157 Short Breakout
L5 5141 Trgt 1
L6 5126 Trgt 2
Nifty(Mar Fut)-Levels & Trading Strategy for 29-03-2012
Nifty(Mar Fut)-Levels
R3 5315
R2 5281
R1 5239
Avg 5205
S1 5163
S2 5129
S3 5087
Nifty(Mar Fut)-Trading Strategy
H6 5273 Trgt 2
H5 5256 Trgt 1
H4 5238 Long breakout
H3 5217 Go Short
H2 5210
H1 5203
L1 5190
L2 5183
L3 5176 Long
L4 5155 Short Breakout
L5 5137 Trgt 1
L6 5120 Trgt 2
R3 5315
R2 5281
R1 5239
Avg 5205
S1 5163
S2 5129
S3 5087
Nifty(Mar Fut)-Trading Strategy
H6 5273 Trgt 2
H5 5256 Trgt 1
H4 5238 Long breakout
H3 5217 Go Short
H2 5210
H1 5203
L1 5190
L2 5183
L3 5176 Long
L4 5155 Short Breakout
L5 5137 Trgt 1
L6 5120 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 29-03-2012
Bank Nifty(Mar Fut)-Levels
R3 10349
R2 10250
R1 10108
Avg 10009
S1 9867
S2 9768
S3 9626
Bank Nifty(Mar Fut)-Trading Strategy
H6 10208 Trgt 2
H5 10153 Trgt 1
H4 10098 Long breakout
H3 10032 Go Short
H2 10010
H1 9988
L1 9943
L2 9921
L3 9899 Long
L4 9833 Short Breakout
L5 9778 Trgt 1
L6 9723 Trgt 2
R3 10349
R2 10250
R1 10108
Avg 10009
S1 9867
S2 9768
S3 9626
Bank Nifty(Mar Fut)-Trading Strategy
H6 10208 Trgt 2
H5 10153 Trgt 1
H4 10098 Long breakout
H3 10032 Go Short
H2 10010
H1 9988
L1 9943
L2 9921
L3 9899 Long
L4 9833 Short Breakout
L5 9778 Trgt 1
L6 9723 Trgt 2
Pre-Closing Outlook(28-03-2012)
Although whole day negative zone trading today,higher levels selling and market moved more than 1% down also but intraday patterns are showing consolidation formations therefore expected that Nifty will finally sustaining above 5242 and strong rally will be seen in the coming sessions after correction completion.
Mid-session Outlook-2(28-03-2012)
As soon as selling indications seen then it was updated immediately in Mid-session Outlook today and Nifty has broken down today intraday lowest also. Although weakness after breaking down but strong supports above 5175 and sustaining it below will get real down move moves confirmations.
Firstly sustaining beyond today trading range(5202-5236) and finally sustaining sustaining beyond 5172-5242 will get next big move confirmation therefore should be firstly watched.
Firstly sustaining beyond today trading range(5202-5236) and finally sustaining sustaining beyond 5172-5242 will get next big move confirmation therefore should be firstly watched.
Mid-session Outlook(28-03-2012)
Strong support and base formations in last 2 sessions but minor selling formations also seen today therefore firstly sustaining beyond today trading range(5202-5236) should be firstly watched for next moves confirmations.
Pre-open Outlook(28-03-2012)
All the Asian markets are in Red today morning therefore sentiment is weak today and firstly negative zone trading will be seen today morning.
Although some confusions regarding GAAR but expected that finally issue will be resolved amicably and Govt. will not annoy FIIs.
Market will remain quiet today but good condolidations base formations was seen between 5175-5225 in previous two sessions therefore expected that follow up consolidations will be seen today and Nifty will not slip below 5175 as well as rally will continue in the coming sessions.
Although some confusions regarding GAAR but expected that finally issue will be resolved amicably and Govt. will not annoy FIIs.
Market will remain quiet today but good condolidations base formations was seen between 5175-5225 in previous two sessions therefore expected that follow up consolidations will be seen today and Nifty will not slip below 5175 as well as rally will continue in the coming sessions.
Rally continuations after strong base formations
Nifty-Intra Day Chart(Mar 26 & Mar 27,2012):-
As good condolidations base formations was seen between 5175-5225 in previous two sessions therefore consilidations was updated in all the intraday outlooks in last 2 sessions.
Some volatility may be seen but strong base formations and clear indications of correction completion as well as continuation of rally in the coming sessions.
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Conclusions from 2 days intra day chart analysis
As good condolidations base formations was seen between 5175-5225 in previous two sessions therefore consilidations was updated in all the intraday outlooks in last 2 sessions.
Some volatility may be seen but strong base formations and clear indications of correction completion as well as continuation of rally in the coming sessions.
FII & DII trading activity in Capital Market Segment on 27-Mar-2012
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Indian Stock Markets Closing Reports(27-Mar-2012)
Main features of today trading are as follows
1- All the Indices closed in Green except Power and Small Cap.
2- Hanging Man / Dragonfly Doji Bearish Candle.
3- Highly Volatile market.
Ratios
Nifty Put Call Ratio: 1.04
Nifty P/E Ratio(27-Mar-2012): 18.53
Advances & Declines
BSE Advances : 1193
BSE Declines : 1705
NSE Advances : 592
NSE Declines :
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- -265550(-16.13%)
Nifty- 5100 PE(Mar)- +84550(+0.92%)
Nifty- 5200 CE(Mar)- -322650(-5.65%)
Nifty- 5200 PE(Mar)- +811550(+12.67%)
Nifty- 5300 CE(Mar)- -830850(-13.01%)
Nifty- 5300 PE(Mar)- +597050(+16.61%)
Closing
Nifty- closed at 5,243.15(+58.90 Points & +1.14%)
Sensex- closed at 17,257.36(+204.58 Points & +1.20% )
CNX Midcap - closed at 7,581.55(+30.50 Points & +0.40%)
BSE Smallcap- closed at 6,522.05(-11.31 Points & -0.17%)
1- All the Indices closed in Green except Power and Small Cap.
2- Hanging Man / Dragonfly Doji Bearish Candle.
3- Highly Volatile market.
Ratios
Nifty Put Call Ratio: 1.04
Nifty P/E Ratio(27-Mar-2012): 18.53
Advances & Declines
BSE Advances : 1193
BSE Declines : 1705
NSE Advances : 592
NSE Declines :
Nifty Open Interest Changed Today
Nifty- 5100 CE(Mar)- -265550(-16.13%)
Nifty- 5100 PE(Mar)- +84550(+0.92%)
Nifty- 5200 CE(Mar)- -322650(-5.65%)
Nifty- 5200 PE(Mar)- +811550(+12.67%)
Nifty- 5300 CE(Mar)- -830850(-13.01%)
Nifty- 5300 PE(Mar)- +597050(+16.61%)
Closing
Nifty- closed at 5,243.15(+58.90 Points & +1.14%)
Sensex- closed at 17,257.36(+204.58 Points & +1.20% )
CNX Midcap - closed at 7,581.55(+30.50 Points & +0.40%)
BSE Smallcap- closed at 6,522.05(-11.31 Points & -0.17%)
Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2012
Nifty(Mar Fut)-Levels
R3 5411
R2 5353
R1 5304
Avg 5246
S1 5197
S2 5139
S3 5090
Nifty(Mar Fut)-Trading Strategy
H6 5363 Trgt 2
H5 5338 Trgt 1
H4 5313 Long breakout
H3 5284 Go Short
H2 5274
H1 5264
L1 5245
L2 5235
L3 5225 Long
L4 5196 Short Breakout
L5 5171 Trgt 1
L6 5146 Trgt 2
R3 5411
R2 5353
R1 5304
Avg 5246
S1 5197
S2 5139
S3 5090
Nifty(Mar Fut)-Trading Strategy
H6 5363 Trgt 2
H5 5338 Trgt 1
H4 5313 Long breakout
H3 5284 Go Short
H2 5274
H1 5264
L1 5245
L2 5235
L3 5225 Long
L4 5196 Short Breakout
L5 5171 Trgt 1
L6 5146 Trgt 2
Bank Nifty(Mar Fut)-Levels & Trading Strategy for 28-03-2012
Bank Nifty(Mar Fut)-Levels
R3 10626
R2 10456
R1 10311
Avg 10141
S1 9996
S2 9826
S3 9681
Bank Nifty(Mar Fut)-Trading Strategy
H6 10487 Trgt 2
H5 10413 Trgt 1
H4 10339 Long breakout
H3 10252 Go Short
H2 10223
H1 10194
L1 10137
L2 10108
L3 10079 Long
L4 9992 Short Breakout
L5 9918 Trgt 1
L6 9844 Trgt 2
R3 10626
R2 10456
R1 10311
Avg 10141
S1 9996
S2 9826
S3 9681
Bank Nifty(Mar Fut)-Trading Strategy
H6 10487 Trgt 2
H5 10413 Trgt 1
H4 10339 Long breakout
H3 10252 Go Short
H2 10223
H1 10194
L1 10137
L2 10108
L3 10079 Long
L4 9992 Short Breakout
L5 9918 Trgt 1
L6 9844 Trgt 2
Nifty Spot-Levels & Trading Strategy for 28-03-2012
Nifty Spot-Levels
R3 5378
R2 5327
R1 5285
Avg 5234
S1 5192
S2 5141
S3 5099
Nifty Spot-Trading Strategy
H6 5337 Trgt 2
H5 5315 Trgt 1
H4 5294 Long breakout
H3 5268 Go Short
H2 5260
H1 5251
L1 5234
L2 5225
L3 5217 Long
L4 5191 Short Breakout
L5 5170 Trgt 1
L6 5148 Trgt 2
R3 5378
R2 5327
R1 5285
Avg 5234
S1 5192
S2 5141
S3 5099
Nifty Spot-Trading Strategy
H6 5337 Trgt 2
H5 5315 Trgt 1
H4 5294 Long breakout
H3 5268 Go Short
H2 5260
H1 5251
L1 5234
L2 5225
L3 5217 Long
L4 5191 Short Breakout
L5 5170 Trgt 1
L6 5148 Trgt 2
Pre-Closing Outlook(27-03-2012)
As good support between 5186-5205 therefore finally up moves are expected and until Nifty will not sustain below 5186 till then any down move will not be considered.
Confirm consolidation between 5186-5205 but huge more than 50 points of Nifty volatility today.Sharp more than 50 points surge and whole up move retraced also immediately. As technical positions changes in such volatility therefore view turns cautious and sustaining beyond 5186-5205 should also be watched for confirmations.
Confirm consolidation between 5186-5205 but huge more than 50 points of Nifty volatility today.Sharp more than 50 points surge and whole up move retraced also immediately. As technical positions changes in such volatility therefore view turns cautious and sustaining beyond 5186-5205 should also be watched for confirmations.
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