Nifty Spot-Levels & Trading Strategy for 28-03-2014

Nifty Spot-Levels

R3 6750
R2 6711
R1 6676
Avg 6637
S1 6602
S2 6563
S3 6528

Nifty Spot-Trading Strategy

H6 6715     Trgt 2
H5 6698     Trgt 1
H4 6681     Long breakout
H3 6661     Go Short
H2 6654
H1 6647
L1 6634
L2 6627
L3 6620     Long
L4 6600     Short Breakout
L5 6583     Trgt 1
L6 6566     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 28-03-2014

Nifty(Apr Fut)-Levels

R3 6772
R2 6745
R1 6714
Avg 6687
S1 6656
S2 6629
S3 6598

Nifty(Apr Fut)-Trading Strategy

H6 6741     Trgt 2
H5 6728     Trgt 1
H4 6714     Long breakout
H3 6698     Go Short
H2 6693
H1 6688
L1 6677
L2 6672
L3 6667     Long
L4 6651     Short Breakout
L5 6637     Trgt 1
L6 6624     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 28-03-2014

Bank Nifty(Apr Fut)-Levels

R3 13109
R2 12988
R1 12857
Avg 12736
S1 12605
S2 12484
S3 12353

Bank Nifty(Apr Fut)-Trading Strategy

H6 12981     Trgt 2
H5 12923     Trgt 1
H4 12865     Long breakout
H3 12796     Go Short
H2 12773
H1 12750
L1 12703
L2 12680
L3 12657     Long
L4 12588     Short Breakout
L5 12530     Trgt 1
L6 12472     Trgt 2

FII Trading Data in Derivatives Segment on 27-Mar-2014

FII & DII trading activity in Capital Market Segment on 27-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 27-Mar-2014 8064.48 5872.55 2191.93

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Mar-2014 2324.96 2916.79 -591.83

Pre-closing Outlook(27-03-2014)

When Nifty was trading at 6638 then at 01:35 PM then following line was told today in Mid-session Outlook-2:-

last 2 hours intraday charts are showing selling patterns formations

As selling therefore Nifty could not sustain at and higher levels and slipped,just now traded at 6625.

All trends are up and rally continuation as well as correction is due but until complete selling will not develop till then correction will not be seen. Some selling was seen yesterday and again some selling also seen today but high volatility today. As technical positions reverses amid such volatility therefore fresh positions formation is firstly required and let it happen then final view will be updated.

Mid-session Outlook-2(27-03-2014)

Although now trading near the higher levels of the day but last 2 hours intraday charts are showing selling patterns formations also.

Mid-session Outlook(27-03-2014)

As some selling was seen at higher levels yesterday therefore March derivative expiry was expected below 6627 but good recovery from lower levels and now trading above 6627. As Bull markets consolidate at higher levels also therefore expiry above 6627 can not be ruled out because good recovery from lower levels also seen in all Asian markets in last 1/2 hours.

Technical Analysis and Market Outlook(27-03-2014)

Nifty-Intra Day Chart (26-Mar-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- First 5 hours trading with mixed patterns formations between 6606-6627
2- Consolidation between 6581-6595
3- Whole day actual trading between 6581-6627

Conclusions from intra day chart analysis 

Whatsoever happened today all that was told yesterday in Technical Analysis and Market Outlook(26-03-2014):-

1- Intraday charts of today are showing some selling indications 
2- therefore follow up consolidations and sustaining above 6595 is must for rally continuation without any correction
3- if Asian markets also shows such Bullishness but sustaining above 6595 or huge gap up opening is must for further rally above 6595

As huge gap up opening was not seen today and intraday correction as well as consolidation was must therefore it was seen and Nifty slipped below 6595 and consolidated below it between 6581-6595. 11 sessions range(6433-6574) was broken out on 24-03-2014 but some selling was also seen above it in last 2 sessions therefore some more consolidation is required for the validity of range break out.

As some selling was seen below 6627 therefore expected that March derivative expiry will not be seen above it and Nifty will trade and prepare for next decisive moves between 6566-6627 in the coming sessions.  

FII Trading Data in Derivatives Segment on 26-Mar-2014

FII & DII trading activity in Capital Market Segment on 26-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 26-Mar-2014 3965.79 2961.27 1004.52

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Mar-2014 1644.44 2000.55 -356.11

Nifty Spot-Levels & Trading Strategy for 27-03-2014

Nifty Spot-Levels

R3 6672
R2 6649
R1 6625
Avg 6602
S1 6578
S2 6555
S3 6531

Nifty Spot-Trading Strategy

H6 6648     Trgt 2
H5 6637     Trgt 1
H4 6626     Long breakout
H3 6613     Go Short
H2 6609
H1 6605
L1 6596
L2 6592
L3 6588     Long
L4 6575     Short Breakout
L5 6564     Trgt 1
L6 6553     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 27-03-2014

Nifty(Mar Fut)-Levels

R3 6692
R2 6666
R1 6639
Avg 6613
S1 6586
S2 6560
S3 6533

Nifty(Mar Fut)-Trading Strategy

H6 6665     Trgt 2
H5 6653     Trgt 1
H4 6641     Long breakout
H3 6626     Go Short
H2 6621
H1 6616
L1 6607
L2 6602
L3 6597     Long
L4 6582     Short Breakout
L5 6570     Trgt 1
L6 6558     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 27-03-2014

Bank Nifty(Mar Fut)-Levels

R3 12717
R2 12664
R1 12607
Avg 12554
S1 12497
S2 12444
S3 12387

Bank Nifty(Mar Fut)-Trading Strategy

H6 12661     Trgt 2
H5 12636     Trgt 1
H4 12611     Long breakout
H3 12581     Go Short
H2 12571
H1 12561
L1 12540
L2 12530
L3 12520     Long
L4 12490     Short Breakout
L5 12465     Trgt 1
L6 12440     Trgt 2

Pre-closing Outlook(26-03-2014)

Following lines were told yesterday in Technical Analysis and Market Outlook(26-03-2014)

1- Intraday charts of today are showing some selling indications therefore follow up consolidations and sustaining above 6595 is must for rally continuation without any correction.
2- if Asian markets also shows such Bullishness but sustaining above 6595 or huge gap up opening is must for further rally above 6595

As huge gap up opening was not not today therefore intraday correction was must and it was seen with lowest formation at 6580.60. Fresh selling seen between 6610-6627 today therefore fresh consolidation is required for rally continuation and March derivative expiry will not be seen above 6627.

Mid-session Outlook-2(26-03-2014)

As Nifty could not sustain above intraday lowest of previous outlook therefore correction continuation 

Mid-session Outlook(26-03-2014)

Whole day positive zone trading after gap up opening because strong Global cues but sharp fall from from higher levels and new intraday lowest formation because higher levels selling was seen yesterday and consolidation was also also required. As some supports and cosolidation also seen at lower levels in last half hour therefore sustaining above today lowest will mean rally continuation after higher levels consolidations.

Technical Analysis and Market Outlook(26-03-2014)

Nifty-Intra Day Chart (Mar 24 & Mar 25,2014)

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- 2 Sessions most time trading 6566-6595
3- 2 Sessions actual trading between 6511-6595

Conclusions from 2 Sessions intra day chart analysis 

Last 2 sessions most time trading within 33 points between 6566-6599 means taking positions for next big moves within range bound market. As more than 12 hours sideways trading therefore it is like accumulations of explosives and sustaining beyond or forceful break out of this range will mean explosion of 100 Nifty points.  

Intraday charts of today are showing some selling indications therefore follow up consolidations and sustaining above 6595 is must for rally continuation without any correction. Although Dow Jones is now trading 110 points up and all the European markets are also more than 1% up at this moment therefore emergence of boosted sentiments possibility tomorrow morning if Asian markets also shows such Bullishness but sustaining above 6595 or huge gap up opening is must for further rally above 6595. 

FII Trading Data in Derivatives Segment on 25-Mar-2014

Nifty Spot-Levels & Trading Strategy for 26-03-2014

Nifty Spot-Levels

R3 6659
R2 6627
R1 6608
Avg 6576
S1 6557
S2 6525
S3 6506

Nifty Spot-Trading Strategy

H6 6640     Trgt 2
H5 6628     Trgt 1
H4 6617     Long breakout
H3 6603     Go Short
H2 6598
H1 6593
L1 6584
L2 6579
L3 6574     Long
L4 6560     Short Breakout
L5 6549     Trgt 1
L6 6537     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 26-03-2014

Nifty(Mar Fut)-Levels

R3 6645
R2 6627
R1 6616
Avg 6598
S1 6587
S2 6569
S3 6558

Nifty(Mar Fut)-Trading Strategy

H6 6634     Trgt 2
H5 6627     Trgt 1
H4 6620     Long breakout
H3 6612     Go Short
H2 6610
H1 6607
L1 6602
L2 6599
L3 6597     Long
L4 6589     Short Breakout
L5 6582     Trgt 1
L6 6575     Trgt 2