Nifty Spot-Levels & Trading Strategy for 30-03-2012

Nifty Spot-Levels

R3 5262
R2 5228
R1 5203
Avg 5169
S1 5144
S2 5110
S3 5085

Nifty Spot-Trading Strategy

H6 5237     Trgt 2
H5 5223     Trgt 1
H4 5210     Long breakout
H3 5194     Go Short
H2 5188
H1 5183
L1 5172
L2 5167
L3 5161     Long
L4 5145     Short Breakout
L5 5132     Trgt 1
L6 5118     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 30-03-2012

Nifty(Apr Fut)-Levels


R3 5316
R2 5280
R1 5256
Avg 5220
S1 5196
S2 5160
S3 5136


Nifty(Apr Fut)-Trading Strategy


H6 5292     Trgt 2 
H5 5278     Trgt 1
H4 5265    Long breakout 
H3 5248     Go Short 
H2 5243
H1 5237
L1 5226
L2 5221
L3 5215     Long 
L4 5199     Short Breakout 
L5 5185     Trgt 1 
L6 5171    Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 30-03-2012

Bank Nifty(Apr Fut)-Levels

R3 10192
R2 10115
R1 10056
Avg 9979
S1 9920
S2 9843
S3 9784

Bank Nifty(Apr Fut)-Trading Strategy

H6 10135     Trgt 2
H5 10104     Trgt 1
H4 10072     Long breakout
H3 10035     Go Short
H2 10022
H1 10010
L1  9985
L2  9973
L3  9960    Long
L4  9923    Short Breakout
L5  9891    Trgt 1
L6  9860    Trgt 2

Pre-Closing Outlook(29-03-2012)

Whole day hovering around 200-Day SMA(today at 5151) with selling above 5151 and support also below 5151. Most sentimental and crucial level and technical positions reverses hugely near about these levels.

As previous 3 sessions consolidation patterns near about 5200 therefore expected that finally market will consolidate around 5151 and fresh phase of up moves will begin from here.

Although finally rally after correction completion is expected from 5151 but precautionally sustaining beyond 5151 should be watched for next decisive big move confirmations.

Mid-session Outlook(29-03-2012)

Intraday selling between 5156-5167 today but Nifty is testing and hovering around Long Term Trend 200-Day SMA(today at 5151) therefore finally sustaining it beyond will be watched for next moves confirmations.

Mid-session Outlook(29-03-2012)

Selling confirmation between 5156-5167

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

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:-

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):-

Just click on chart for its enlarged view

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

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 Trading Data in Derivatives Segment on 28-Mar-2012

FII & DII trading activity in Capital Market Segment on 28-Mar-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 28-Mar-2012 2863.56 3011.62 -148.06

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Mar-2012 895.94 822.91 73.03

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%)

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

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

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

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.

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.

Rally continuations after strong base formations

Nifty-Intra Day Chart(Mar 26 & Mar 27,2012):-

Just click on chart for its enlarged view

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

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 27-Mar-2012 3009.32 2966.33 42.99

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Mar-2012 1039.42 1329.47 -290.05