Bank Nifty(Mar Fut)-Levels & Trading Strategy for 25-03-2014

Bank Nifty(Mar Fut)-Levels

R3 12885
R2 12677
R1 12566
Avg 12358
S1 12247
S2 12039
S3 11928

Bank Nifty(Mar Fut)-Trading Strategy

H6 12782     Trgt 2 
H5 12706     Trgt 1
H4 12630     Long breakout 
H3 12542     Go Short 
H2 12513
H1 12484
L1 12425
L2 12396
L3 12367     Long 
L4 12279     Short Breakout 
L5 12203     Trgt 1 
L6 12127     Trgt 2

FII Trading Data in Derivatives Segment on 24-Mar-2014

FII & DII trading activity in Capital Market Segment on 24-Mar-2014

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 24-Mar-2014 3889.48 2423.86 1465.62

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Mar-2014 972.7 1743.09 -770.39

Pre-closing Outlook(24-03-2014)

All the Asian markets closed in Green and 3 markets closed more than 1% up therefore firstly fast up and after that most time trading near about 6574. As today rally is sentiment generated therefore sustaining above 6574 is must tomorrow for next strong rally after 12 sessions range(6433-6574) break out.

Mid-session Outlook(24-03-2014)

As strong resistances below 6574 therefore Nifty is hovering around 6574 for the last more than 2 hours and preparing for next decisive moves,sustaining it beyond should be firstly watched for next trend confirmations because today fast up moves were strong Asian markets generated also.

Post-open Outlook(24-03-2014)

All the Asian markets are in Green and some are more than 1% up therefore sentiment boosted and rally continuation in Indian markets. As selling below 6574 in previous weeks therefore higher levels consolidation is must and once sustaining above 6574 after follow up consolidation will mean rally toward following next targets:-

1- 6647.60
2- 6724.60

NIFTY-Mar F&O-Positional Shorting of 22-03-2014-Message

NIFTY Mar F&O(Fut Selling & 6500 PE Buying on 22-03-2014)-Stong Asian markets & Indian markets will be volatile.Hold and cover after my covering message

Technical Analysis,Research & Weekly Outlook(Mar 24 to Mar 28,2014)

Nifty-EOD Chart (22-Mar-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Bottom formation at 5118.85 on 28-08-2013 and Wave-1 beginning
2- Wave-1(6142.50 on 19-09-2013)
3- Wave-2(5700.95 on 01-10-2013)
4- Wave-i of Wave-3(6415.25 on 09-12-2013)
5- Wave-ii of Wave-3(5933.30 on 04-02-2014)
6- Wave-iii of Wave-3 continuation
7- 11 Sessions most time trading between 6433-6574

Nifty-Intra Day Chart (Mar 07 to Mar 22,2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 11 Sessions intraday charts

1- Higher levels good selling
2- Supports between 6433-6447
3- 11 Sessions most time trading between 6433-6574

Conclusions (After Putting All Studies Together)

Long and Intermediate Term trends are up but Short Term Trend is side ways for the last 11 sessions between 6433-6574. impulsive Wave-3 continuation towards more all time higher levels but indicators are overbought and suggesting correction possibility. It should be kept in mind that Bullish markets complete its correction time wise also and some times price wise correction is not seen.

Expected that Nifty will firstly trade and prepare for next decisive moves within 11 sessions range. As last 11 sessions intraday charts are showing more selling at higher levels therefore possibility of slipping towards lower levels of 11 sessions range and deeper correction will be considered after sustaining below 6433.

NIFTY-Mar F&O-Positional-Shorting Trade

NIFTY-Mar PE(6500)-Buy-Positional-SL-19 & TGT-61-CMP-32
NIFTY-Mar Fut-Sell-Positional-SL-6534 & TGT-6466-CMP-6515(Lalit39)

Technical Analysis and Market Outlook(22-03-2014)

Nifty-Intra Day Chart (21-Mar-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 6486-6491
2- Selling between 6495-6508
3- Whole day actual trading between 6486-6508

Conclusions from intra day chart analysis 

Most time range bound trading within 22 points between 6486-6508 with lower levels minor supports and higher levels good selling therefore finally slipping below today lowest(6485.70) is expected. As Dow Jones is trading more than 100 points up therefore some up moves can not be ruled out tomorrow but finally down moves are expected in next week because good selling today.

Mid-session Outlook-2(21-03-2014)

Although whole day positive zone trading but under performing Global markets and selling also seen at higher levels today.

Mid-session Outlook(21-03-2014)

Range bound trading between 6586-6510 with lower levels supports but some selling also at higher levels also therefore firstly sustaining beyond today trading range should be watched now.

Technical Analysis and Market Outlook(21-03-2014)

Nifty-Intra Day Chart (20-Mar-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 6493-6506
2- Down moves in Bullish Falling Channel 
3- Whole day actual trading between 6474-6523

Conclusions from intra day chart analysis 

Following line was told in Weekly analysis of current week on 17-03-2014 in Firstly side ways Market before decisive trend

Nifty will firstly trade and prepare for next trend between 6433-6561

As was told same happened and Nifty traded most time within this range between 6474-6574 in current week as well as closed within this range today at 6483.10.

Although Nifty closed in Green yesterday but intraday charts of yesterday showed selling patterns formations therefore following conclusive line was told yesterday at 09:31PM in Technical Analysis and Market Outlook(20-03-2014):-
 

Finally down moves and Short term correction is expected tomorrow despite whatsoever outcome from FOMC meet tonight after 11:30 PM.

When all were waiting for the the declarations of FOMC then we  told yesterday for:- 

1- Today down moves
2- Told for intraday selling 3 times yesterday
3- Posted shorting call of Nifty F&O yesterday

Although Nifty closed in Red today but Indian markets out performed most depressing Global markets and showed consolidation patterns formations as well as down moves were in Bullish Falling Channel therefore much deeper correction is not expected. Follow up consolidation and finally sustaining above 6433 will mean rally beginning after Short Term correction completion.

As consolidation today therefore firstly sustaining beyond today lowest(6474) should be watched tomorrow and at present Indian markets will be understood sideways between 6433-6574 because both higher levels selling and lower levels buying within this range.

Pre-closing Outlook(20-03-2014)

As Short Term correction was expected therefore following line was told yesterday at 09:31PM in Technical Analysis and Market Outlook(20-03-2014):-

Finally down moves and Short term correction is expected tomorrow despite whatsoever outcome from FOMC meet tonight after 11:30 PM.

As was told same happened and whole day negative zone trading today after negative opening but Indian markets out performed Global markets therefore much deeper correction is not expected and sustaining beyond next support(6433) will be watched in the coming sessions.

Mid-session Outlook(20-03-2014)

Nifty moved up 20 points sharply at 11:40 AM but we understood such moves well before from today intraday charts formations therefore we covered and booked profit in our all Shorting positions of Nifty at 11:34 AM,for live proofs just click following topic link:-

NIFTY-Mar F&O-Positional Shorting of 19-03-2014-Covering

When Indian markets were more than .25% down then also we cautioned in Post-open Outlook(20-03-2014) and told following line:-

view is cautious and sustaining beyond 6498-6525 should be watched for today started Short Term correction continuation/completion.

Same view now also which has already been updated today in Post-open Outlook

NIFTY-Mar F&O-Positional Shorting of 19-03-2014-Covering

NIFTY Mar F&O(Selling of Fut and buying of 6500 PE on 19-03-2014)-Cover and book profit immediately-CMP Fut-6530/CMP PE-37(Lalit39)

Post-open Outlook(20-03-2014)

Weakness since opening today but Indian markets are out performing Global markets therefore view is cautious and sustaining beyond 6498-6525 should be watched for today started Short Term correction continuation/completion.

NIFTY-Mar F&O-Positional Shorting of 19-03-2014-Message

NIFTY Mar F&O(Selling of Fut and buying of 6500 PE on 19-03-2014)-All Asian markets are weak today.Just hold and cover after my covering message(Lalit39)

Technical Analysis and Market Outlook(20-03-2014)

Nifty-Intra Day Chart (19-Mar-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation and supports between 6507-6520.
1- Higher levels good selling between 6528-6540.
3- Whole day actual trading between 6507-6540

Conclusions from intra day chart analysis 

Whole day range bound 34 points trading  with lower levels some supports and higher levels good selling also therefore emergence of down moves possibilities in the coming sessions. Selling between 6548-6574 was seen yesterday and today selling just below it therefore correction is expected towards next supports near 6433. As next supports below 6433 are near 6300 therefore once sustaining below 6433 will mean sharp fall possibility towards 6300 and it is expected also because good selling was seen at higher levels in previous week.

Finally down moves and Short term correction is expected tomorrow despite whatsoever outcome from FOMC meet tonight after 11:30 PM.

NIFTY-Mar F&O-Positional-Shorting Trade

NIFTY-Mar PE(6500)-Buy-Positional-SL-14 & TGT-54-CMP-32
NIFTY-Mar Fut-Sell-Positional-SL-6606 & TGT-6476-CMP-6550(Lalit39)

Mid-session Outlook-3(19-03-2014)

Last 1 hour intraday charts are showing selling patterns formations.