Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2013

Nifty(Mar Fut)-Levels

R3 5856
R2 5814
R1 5739
Avg 5697
S1 5622
S2 5580
S3 5505

Nifty(Mar Fut)-Trading Strategy

H6 5781     Trgt 2
H5 5754     Trgt 1
H4 5728     Long breakout
H3 5696     Go Short
H2 5685
H1 5674
L1 5653
L2 5642
L3 5631     Long
L4 5599     Short Breakout
L5 5573     Trgt 1
L6 5546     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 22-03-2013

Bank Nifty(Mar Fut)-Levels

R3 11761
R2 11644
R1 11446
Avg 11329
S1 11131
S2 11014
S3 10816

Bank Nifty(Mar Fut)-Trading Strategy

H6 11565     Trgt 2
H5 11493    Trgt 1
H4 11422     Long breakout
H3 11335     Go Short
H2 11306
H1 11277
L1 11220
L2 11191
L3 11162     Long
L4 11075     Short Breakout
L5 11004     Trgt 1
L6 10932     Trgt 2

Pre-Closing Outlook-2(21-03-2013)

Sentiment is most depressed and Nifty has slipped below 5650 also but confirmation is must through sustaining below 5672 in the coming sessions for Long Term Trend turning down.

Pre-Closing Outlook(21-03-2013)

High volatility just above Long Term Trend decider 200-Day EMA amid political uncertainly and will not be resolved properly then Long Term Trend will be down after sustaining below 5672. As technically huge selling at higher levels in last 3 months therefore Indian markets are well prepared for huge fall and political uncertainty has fuelled this possibility in last 2/3 days. Following line was told in previous Outlook at 01:39:00 PM and being repeated:-

chances are high of finally sustaining below 5672

Mid-session Outlook-2(21-03-2013)

Following levels were updated in both previous Outlooks:-

1- sustaining above 5745 should be firstly watched for the possibility of strong Pull Back Rally confirmations.

2- Nifty is trading and preparing for next moves between 5730-5746 for the last more than 1 hour. Follow up move within this range and valid break out of this range should be firstly watched for next trend confirmations.

Although Nifty moves above 5745 but could not sustain above and again slipped below the range of 5730-5746.

I would like add here that next resistance above 5745 is at 5777 therefore strong Pull Back Rally confirmations will be above 5777. Next down moves first indication will be after sustaining below 4730 and finally sustaining beyond 200-Day EMA(5672) will decide that Long Term Trend which may last for many months or a year also.

Today is different news led volatile day and finally sustaining beyond 5672-5777 should be watched because that will give next Long Term trend confirmations and it should also be kept in mind that chances are high of finally sustaning below 5672

Mid-session Outlook(21-03-2013)

As selling between 5730-5745 yesterday therefore following line was told in Post-open Outlook(21-03-2013):-

sustaining above 5745 should be firstly watched for the possibility of strong Pull Back Rally confirmations.

Nifty is trading and preparing for next moves between 5730-5746 for the last more than 1 hour. Follow up move within this range and valid break out of this range should be firstly watched for next trend confirmations.

Post-open Outlook(21-03-2013)

Possibility of only bounce back was told and it was seen immediately after opening today. Testing possibility of 5672 was also told in almost all the last 2 days Outlooks and lowest formation at 5670.5 today. Hovering around 5672 was also today and immediate 30 points recovery from 5670.5 and Nifty is trading above 5700. Following line was also told today in Technical Analysis and Market Outlook(21-03-2013):-

some up moves also can not be ruled out after expected UPA Govt. favouring decision by Mulayam Singh Yadav today

As immediate relief to UPA Govt.from Mulayam Singh Yadav today and support not withdrawn therefore good recovery also from lower levels and Nifty is trading near about today higher levels.

As positive news flow today therefore some up moves can not be ruled out but multiple resistance at higher levels therefore follow up consolidation is required for any decisive rally and sustaining above 5745 should be firstly watched for the possibility of strong Pull Back Rally confirmations.

Technical Analysis and Market Outlook(21-03-2013)

Nifty-Intra Day Chart (20-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5730-5745 
2- Down moves are in Bullish falling channel
3- Whole day actual trading between 5683-5745 

Conclusions from intra day chart analysis 

200-Day EMA is at 5672 and Long Term Trend will be decided through sustaining it beyond,hovering around it is expected in the coming sessions. It should be kept in mind that political uncertainity may remain continued in the coming months and years also because till Elections always risk of Govt. falling and after Elections also  things may be worst if next Prime Minister will be from other than Congress or BJP.

Technically huge selling at higher levels in last 3 months and down moves continuation is expected. A phase of political uncertainity may begin and different news led volatility may be seen also therefore day to day news will effect intraday trading. As, Mulayam Singh Yadav will take his decision of his supports to UPA Govt today. Expected that Mulayam Singh Yadav will not withdraw support today and only some conditions will be decided.

Although some selling at higher levels and slipped also yesterday but down moves were in Bullish falling channel therefore bounce back is expected today and some up moves also can not be ruled out after expected UPA Govt. favouring decision by Mulayam Singh Yadav today. As multiple resistance at higher levels therefore follow up consolidation is required for any decisive rally and following resistances have to be watched during expected up moves today:-

1- 5745
2- 5777
3- 5850
4- 5970(Strong resistance)

Nifty(Mar Fut)- Intraday Trading levels , Strategy and Targets for 21-03-2013

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Buy at or above:-5719
-------------------------------
1st Targets:5735
2nd Targets:5754
3rd Targets:5773
4th Targets:5792
-------------------------------
Stop Loss:5700
-------------------------------------------------
Sell at or below:-5700
-------------------------------
1st Targets:5684
2nd Targets:5665
3rd Targets:5646
4th Targets:5627
-------------------------------
Stop Loss:5719
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.
6- Firstly  go through today Outlooks also for better profits and more accuracy.

Bank Nifty(Mar Fut)- Intraday Trading levels,Strategy and Targets for 21-03-2013

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Buy at or above:-11315
-------------------------------
1st Targets:11336
2nd Targets:11363
3rd Targets:11389
4th Targets:11416
-------------------------------
Stop Loss:11289
-------------------------------------------------
Sell at or below:-1289
-------------------------------
1st Targets:11268
2nd Targets:11241
3rd Targets:11215
4th Targets:11188
-------------------------------
Stop Loss:11315
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.

FII Trading Data in Derivatives Segment on 20-Mar-2013

FII & DII trading activity in Capital Market Segment on 20-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 20-Mar-2013 3323.53 3560.25 -236.72

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 20-Mar-2013 1225.37 1582.3 -356.93

Nifty Spot-Levels & Trading Strategy for 21-03-2013

Nifty Spot-Levels

R3 5795
R2 5770
R1 5732
Avg 5707
S1 5669
S2 5644
S3 5606

Nifty Spot-Trading Strategy

H6 5757     Trgt 2
H5 5742     Trgt 1
H4 5728     Long breakout
H3 5711     Go Short
H2 5705
H1 5699
L1 5688
L2 5682
L3 5676     Long
L4 5659     Short Breakout
L5 5645     Trgt 1
L6 5630     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2013

Nifty(Mar Fut)-Levels

R3 5805
R2 5781
R1 5748
Avg 5724
S1 5691
S2 5667
S3 5634

Nifty(Mar Fut)-Trading Strategy

H6 5772     Trgt 2
H5 5759     Trgt 1
H4 5746     Long breakout
H3 5730     Go Short
H2 5725
H1 5720
L1 5709
L2 5704
L3 5699     Long
L4 5683     Short Breakout
L5 5670     Trgt 1
L6 5657     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 21-03-2013

Bank Nifty(Mar Fut)-Levels

R3 11747
R2 11643
R1 11470
Avg 11366
S1 11193
S2 11089
S3 10916

Bank Nifty(Mar Fut)-Trading Strategy

H6 11574     Trgt 2
H5 11512     Trgt 1
H4 11449     Long breakout
H3 11373     Go Short
H2 11347
H1 11322
L1 11271
L2 11246
L3 11220     Long
L4 11144     Short Breakout
L5 11081     Trgt 1
L6 11019     Trgt 2

Pre-Closing Outlook(20-03-2013)

When market recovered from lower levels then we updated our doubts and told following line in Mid-session Outlook

decisive up move/Pull Back rally will be considered after sustaining above 5745 because intraday selling patterns formations just below it today.

Although some selling at higher levels and slipping also today lower levels in last half hour but today down moves are in Bullish falling channel and follow up consolidation is required for any decisive up move  therefore firstly sustaining beyond 200-Day EMA(5672) will be watched in the coming sessions for the confirmation of Long Term Trend.

Mid-session Outlook(20-03-2013)

5672 was expected and today lowest formation at 5692.75. As sentiment is completely dampened due to political uncertainty and whole market turns bearish in such sentiments therefore some recovery after lower levels supports but decisive up move/Pull Back rally will be considered after sustaining above 5745 because intraday selling patterns formations just below it today.

Bank Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 20-03-2013

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Buy at or above:-11556
-------------------------------
1st Targets:11577
2nd Targets:11604
3rd Targets:11631
4th Targets:11658
-------------------------------
Stop Loss:11529
-------------------------------------------------
Sell at or below:-11529
-------------------------------
1st Targets:11508
2nd Targets:11481
3rd Targets:11454
4th Targets:11427
-------------------------------
Stop Loss:11556.25
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.

Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 20-03-2013

 -------------------------------------------------

Buy at or above:-5757
-------------------------------
1st Targets:5773
2nd Targets:5792
3rd Targets:5811
4th Targets:5830
-------------------------------
Stop Loss:5738
-------------------------------------------------
Sell at or below:-5738
-------------------------------
1st Targets:5722
2nd Targets:5703
3rd Targets:5684
4th Targets:5665
-------------------------------
Stop Loss:5757
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.
6- Firstly  go through today Outlooks also for better profits and more accuracy.

Testing possibility of 5672

Technical Analysis and Market Outlook

(20-03-2013)

Nifty-Intra Day Chart (19-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- First 2 hours trading between 5805-5852
2- Sharp fall after the news of DMK supports withdrawing from UPA Govt.
3- Last 4 hours trading between 5731-5777
3- Whole day actual trading between 5731-5852

Conclusions from intra day chart analysis

Down moves continuation after Wave-5 completion after 61 Sessions sideways trading between 5823-6111 with Bearish Head and Shoulders pattern formations and its Neckline(5823) broken down on 26-02-2013 therefore Intermediate and Short term trends are down. Long Term trend is still up but multiple resistances at higher levels and no sign of consolidation yet therefore more slipping and testing of 200-Day EMA(5672) is very much possible in the coming sessions and sustaining it beyond will decide the fate of Long Term Trend.

Just Click following link for detailed analysis of EOD and EOD Charts which was posted on 18-03-2013:-

Correction Continuation after Pull Back rally termination

It was news based market yesterday because first 2 hours trading was under the shadow of expectations from RBI Credit Policy and last 4 hours trading was full of confusions due to various types of news flow after the news of DMK supports withdrawing from UPA Govt. As yesterday trading was under mixed sentiments therefore firstly next immediate move confirmation will be after valid break out of 5731-5777. As Short term indicators are oversold therefore Pull Back rally may be seen any time but until complete consolidation will not happen till then any sustained rally will not be seen and finally more down moves and testing of 5672 is expected.  

FII Trading Data in Derivatives Segment on 19-Mar-2013