Pre-Closing Outlook(30-03-2012)

When Benchmark Indices are more than 2% up then anyone can say for up moves but we projected rally after correction completion yesterday when Indian markets were in Red and all the Global markets were trading or closed in deeply negative zone.

Impulsive Wave-3 is on to surge after completion of 'ABC' correction. 

Mid-session Outlook(30-03-2012)

When Dow Jones was trading more than 60 points down after European markets more than 1.5% down closing then following topic was posted yesterday at 09:27:00 PM:-

Rally continuation after honouring 200-Day SMA

Nothing to add today and whatsoever is happening in Indian markets all that has already been projected and predicted in last 7 days Outlooks.

Rally is on after Strong support and Base Formations

More than 1% rally today but our all the Outlooks of this week are live proofs of this fact that we told more than 25 times for finally getting support at 200-Day SMA(today at 5150) as well as Previous 3 sessions consolidation patterns between 5175-5236 

Nifty not only got support at 200-Day SMA yesterday but also crossed our mentioned consolidation range top(5236) within first 20 minutes today despite flat to Red all Global markets.

Although FIIs were sellers and most were telling for levels below 5100 but Our Technicals analysis and Intraday charts studies were suggesting only for rally therefore we told only for rally and posted following topics:-

Live Proofs of Our 100% Accurate Predictions

1- On 29-03-2012- Rally continuation after honouring 200-Day SMA
2- On 28-03-2012- Long Term Trend Saviour 200-Day SMA(today at 5151)
3- On 27-03-2012- Rally continuations after strong base formations
4- 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" 

Our Policies:-

1- No Confusion,
2- Never both side talks/Levels 
3- Predictions/Projections with Proofs

Strong indications of rally after correction completion and confirmation will be sustaining above 5236.

Rally continuation after honouring 200-Day SMA

Nifty-EOD Chart(29-Mar-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 'ABC' Correction of Dec. 2011 rally
2- Testing of Long Term Trend Decider 200-Day SMA(today at 5150)
3- Intraday support at 200-Day SMA

Conclusions from EOD chart analysis 

Nifty tested 200-Day SMA today but its possibility was clearly 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 got support at 200-Day SMA today and its possibility was also told yesterday in Long Term Trend Saviour 200-Day SMA(today at 5151)

"rally continuation is expected after correction completion near about or above 200-Day SMA(today at 5151)"

Following technical points are indicating correction completion today:-

1- Intraday support at 200-Day SMA
2- Previous 3 sessions intraday charts are showing consolidation patterns.
3- Today more than 1% down moves are due to depressed Global cues.
4- Indian markets out performed Global markets today
5- Intraday recovery in Indian markets today despite Weak European markets.

Correction completion confirmation is left and that will be firstly after sustaining above 5151 and finally after sustaining above 5236 because Nifty traded most time between 5175-5236 in Previous 3 sessions.

Although confirmaton is required but expected that finally Indian markets will honour 200-Day SMA and cross 5236 after sustaining above 5151.

FII Trading Data in Derivatives Segment on 29-Mar-2012

FII & DII trading activity in Capital Market Segment on 29-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 29-Mar-2012 3954.15 5287 -1332.85

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Mar-2012 1408 1108.33 299.67

Indian Stock Markets Closing Reports(29-Mar-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red but Midcap,Smallcap and other Indices closed in Green.
2- Most of the Indices recovered from lower levels.
3- White Candle today.

Ratios

Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(29-Mar-2012): 18.30

Advances & Declines

BSE Advances : 1527
BSE Declines : 1286
NSE Advances :  814
NSE Declines :  625

Nifty Open Interest Changed Today

Nifty- 5100 CE(Apr)- +534100(+90.05%)
Nifty- 5100 PE(Apr)- +8400(+0.25%)

Nifty- 5200 CE(Apr)- +571950(+39.27%)
Nifty- 5200 PE(Apr)- +540400(+16.77%)

Nifty- 5300 CE(Apr)- +474450(+26.52%)
Nifty- 5300 PE(Apr)- +216300(+10.48%)

Closing 

Nifty- closed at 5,178.85(-15.90 Points & -0.31%)
Sensex- closed at 17,058.61(-63.01 Points & -0.37% )
CNX Midcap - closed at 7,517.70(+19.35 Points & +0.26%)
BSE Smallcap- closed at 6,496.80(+45.31 Points & +0.70%)

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