MARKETS FOR 30TH MARCH

FINALLY THE EXPIRY DAY MADE  NIFTY BREACH THE FEBRUARY MONTH LOW OF 5159 TO MAKE A LOW OF 5136 TO BOUNCE FROM THERE TO CLOSE AT 5179. THE EXPIRY DAY ALSO SAW NIFTY BREACHING BOTH THE CRITICAL SUPPORT OF 5171 AS WELL AS THE 200 DAY  SMA AROUND 5151. ALTHOUGH NIFTY AFTER BREACHING THESE TWO CRITICAL LEVELS BOUNCED UP TO CLOSE AT 5179 ABOVE BOTH THESE LEVELS, YET IT REMAINS HIGHLY VULNERABLE TO ANY ADVERSE NEWS EVENT TO AGAIN FALL BELOW BOTH THESE LEVELS TO AT LEAST TEST THE 50% RETRACEMENT LEVEL OF 5080 IF NOT THE IMPORTANT 61.8% FIBO LEVEL OF  4949.

NOW, DURING THE MONTH OF MARCH NIFTY HAS MADE A LOWER LOW AT 5136, LOWER HIGH AT 5499 COMPARED TO FEB HIGH OF 5630. THE CLOSING OF NIFTY ON 30 MARCH IS CERTAINLY GOING TO BE BELOW THE FEB MONTH CLOSING OF 5385. THIS MAKES IT A PERFECT OPPORTUNITY FOR NIFTY FOR A SUBSTANTIAL RISE DURING THE MONTH OF APRIL, EVEN THOUGH IT MAY MAKE A LOWER LOW BELOW THE MARCH LOW OR EVEN TEST THE 50% RETRACEMENT LEVEL OF 5080 DURING EARLY APRIL. SO, LONG TERM INVESTORS MAY ADD SUBSTANTIAL LONG POSITIONS DURING FURTHER FALLS TOWARDS 5080 IF AT ALL  IT COMES DURING APRIL MONTH.

IF ONE HAS A CLOSER LOOK AT THE DAILY EOD CHART OF NIFTY, ONE WILL OBSERVE THAT AFTER THE BIG RISE FROM 20 DEC LOWS OF 4531 TILL 22^ND FEB HIGHS OF 5630 WHICH WAS THE 1^ST UP WAVE OF THE FRESH BULL MARKET, NIFTY IS  IN THE PROCESS OF A CORRECTIVE ‘ABC’ ZIGZAG PATTERN 2^ND DOWN WAVE IN THE FORM OF A FLAG THAT MOST LIKELY SHOULD END  EITHER AROUND THE 50% SUPPORT LEVEL OF 5080 OR 5077  OR MAY FALL A LITTLE MORE TOWARDS THE UPWARD LOOKING SUPPORT LINE JOINING THE 20 DECEMBER LOW OF 4531 AND 2^ND JAN LOW OF 4588 WHICH PRESENTLY HAS REACHED ABOVE 5000 MARK. SO, EVEN IF THE CRITICAL 50% SUPPORT OF 5080 OR 5077 ARE BREACHED, THIS RISING REND LINE SHOULD PROVIDE THE REQUIRED SUPPORT TO NIFTY BEFORE NIFTY FALLS TO THE ULTIMATE 61.8% SUPPORT OF 4949. REMEMBER BELOW THE 200 DMA AROUND 5151 REMAINS THE MORE IMPORTANT 89 DAY MOVING AVERAGE AROUND  THE 50% RETRACEMENT LEVEL OF 5080 THUS ENHANCING THE IMPORTANCE OF 5080 LEVEL.

FOR FRIDAYS TRADING  ONE SHOULD EXPECT A GOOD BOUNCE AFTER RETESTING THE EXPIRY DAY LOWS OF  5136 OR IT COULD BE THAT AFTER A MINOR RISE INITIALLY, NIFTY IS BROUGHT DOWN A BIT MORE TO SHOOT UP AGAIN.  A FALL BELOW 5150 WILL WEAKEN SPOT NIFTY  TO SLIDE FURTHER TOWARDS EXPIRY DAY LOWS OF 5136 OR EVEN TOWARDS 5125 TOWARDS 5110 OR 5100 TO BE AT THE STRIKING DISTANCE FROM THE CRITICAL LEVEL OF 5080 WHICH PERHAPS MAY BE PRESERVED TO BE TESTED IN EARLY APRIL. APRIL BEING A HIGHLY MARKET FRIENDLY MONTH AS PER PAST HISTORY, ONE MAY EXPECT A SUBSTANTIAL BOUNCE DURING APRIL MONTH.

FOR INTRADAY TRADING PURPOSE SPOT NIFTY FINDS INITIAL SUPPORT AROUND 5171 BELOW WHICH 5155 , 5145 ARE THE REGULAR SUPPORTS JUST ABOVE THE THURSDAYS LOWS OF 5136 . A DECISIVE BREACH OF  THURSDAYS LOWS OF 5136 SPOT MAY SEE A FALL TOWARDS 5125 THEN 5111 TO 5100 LEVELS. SIMILARLY ON HIGHER SIDE SPOT NIFTY NEEDS  TO DECISIVELY CROSS AND TRADE ABOVE THE 5205 TO 5210 LEVELS FOR ANY UP MOVE TOWARDS 5215, 5226 AND 5235 OR EVEN TOWARDS 5250. A BREACH OF SPOT 5236 WILL ONLY SIGNAL THE POSSIBILITY OF BIG UP MOVE OR ELSE NIFTY CAN SLIDE AGAIN TOWARDS THE LOWER LEVELS. ANY RISE IN NIFTY ABOVE 5200 WILL SEE OLD NEWS  CHANNELS BRINGING BACK  THE NEGATIVE ASPECTS  OF BUDGET, FII TAX  ISSUE OR THE ‘GAAR JOKE’ TO PULL THE MARKETS DOWN.. FOR APRIL MONTH , OPTION TRADERS MAY HOLD &  ACCUMULATE CALLS ON EVERY SLIDE OF MARKETS FOR GOOD GAINS. 

NIFTY OUTLOOK 30/03/2012

NF APRIL CLOSED AT 5232.6 N NIFTY SPOT CLOSED AT 5178.85

NF LEVELS FOR TOMM 30/03/2012

IF NF OPENS AND TRADES ABOVE 5238 THEN IT CAN TEST 5253 5271 5289

I WUD LIKE TO SHORT NF BETWEEN 5253 5271 SL 5289  TGRTS  5223 5205 5188 5176 5160

IF NF OPENS BELOW 5220 IT MIGH BE WEAK ANYWAYS N TRY THE TEST THE TRGTS MENTINED ABOVE 5242 CAN BE A SL IF UR SHORT AT LOWER LEVES..
..
NIFTY SPOT BREAKOUT POINT WILL 5216 ..TILL SUCH TIME I WUD LIKE TO SHORT RISES TOWARDS 5194 5205 ON SPOT FOR TRGTS OF 5170 5158 5145 5110

Stock Tips And Nifty Tips For 30 March 2012

BUY HDFC ABV 670.50 SL BLW 663 TGT 677-688.
SELL CROMPGREAV BLW 133 SL ABV 139 TGT 127-123.


(* Momentum calls are for intraday purpose and are generated as per semi-mechanical systems. Stop-loss is an essential risk control mechanism and it should always be there. If you find the stock opened near targets either avoid it or wait for it to come near entry level to enter, and only enter when the risk-reward ratio is favorable to you, we also recommend time to time profit booking and stop loss trailing.)
Nifty’s fully automated technical trend analysis:

NIFTY last traded price: 5178.85.

Turtle Trend Analysis: Current Hourly Trend: Down, Dynamic Trend SL: 5218.3.
Currently the Hourly MACD is bearish since it is trading below its Signal line. The MACD crossed below its Signal line 7 period(s) ago. The Hourly MACD is NOT in an Overbought/Oversold range. There have been no divergence signals within the last 5 period(s).

The current value for the 14 Hourly RSI is 42.928. The Hourly RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal is generated when the RSI moves out of an overbought / oversold area. The last Signal was a buy 64 period(s) ago. The RSI and price are not diverging.

PIVOT TRADING LEVELS FOR NIFTY FOR NEXT SESSION:
R2: 5,228.05 R1: 5,203.45 PIVOT POINT: 5,169.70 S1: 5,145.10 S2: 5,086.75

NIFTY OUTLOOK FOR 30/03/2012NIFTY

SLIP BELOW 5177 MAKE LOW OF 5135 AND CLOSES ABOVE 5177 AT 5178.  FRIDAY CLOSING IS IMPORTANT. ANY CLOSE BELOW 5177 WILL BRING MORE BEARISHNESS TO THE MARKET.  ONLY A CLOSE ABOVE 5355 NEXT WEEK WILL TERMINATE THIS CURRENT NEGATIVE TREND. BREAK UP/DOWN MAY HAPPEN IN NEXT WEEK. WE ALSO EXPECT 300POINTS MOVE IN THE SAME DIRECTION.  CLOSE ABOVE 5500 WILL LEAD TO 5777. OR CLOSE BELOW 5200 WILL LEAD TO 4933.  AS PER ASTRO GREEN TREND EXPECTED FROM 28TH MARCH TO 7TH APRIL. CORRECTION AWAITED FOR NIFTY FROM 9TH APRIL.  ASTRO SIGNALS FOR THE WEEK AHEAD


AS PER ASTRO THIS WEEK
=======================
FRIDAY….. CHOPPY AND RED.
NIFTY FUTURE MOMENTUM PLAY FOR FRIDAY
=========================================
BUY NIFTY-FUT ABOVE 5244 TARGET 5288/5333 STOPLOSS 5222.
SELL NIFTY-FUT BELOW 5200 TARGET 5177/5155 STOPLOSS 5222.
MOMENTUM PLAY FOR BANKNIFTY
============================
BUY ABOVE 10,044 TARGET 10133/10222 STOPLOSS 9999.
SELL BELOW 9955 TARGET 9866/9777 STOPLOSS 9999.

MARKETS FOR 29TH MARCH

   FINALLY SPOT NIFTY MANAGED TO BREACH THE CRITICAL SWING LOW OF 5171 TO MAKE A NEW LOW AT 5169 TO BOUNCE UP  TO FINALLY CLOSE AROUND 5195. HOWEVER SMALL THE BREACH MAY BE, THE FACT THAT 5171 HAS BEEN BREACHED, THE BEARS HAVE PUNCTURED  THE SUPPORT AND HAVE MADE A PIN HOLE THROUGH IT TO BE WIDENED LATER TO SLIDE TOWARDS THE LOGICAL TARGET OF 5080, THE MINIMUM DOWNWARD RETRACEMENT LEVEL OF WAVE 2 TO RESUME THE UP MOVE FROM AROUND 5080 LEVELS. EVEN ONE SHOULD NOT BE SURPRISED TO SEE THE CRITICAL 61.8% RETRACEMENT LEVEL OF 4949 BEING TESTED DURING THIS DOWN SWING. IT  WILL BE A MIRACLE FOR THE BULLS IF THEY FIND BEARS SATISFIED WITH THE MILD BREACH OF 5171 BY JUST 2 POINTS TILL 5169 & GIVE UP HALF THE WAY WITHOUT PURSUING TOWARDS  A BIGGER SLIDE.

THE HEFTY PREMIUM OF AROUND 50 POINTS COMMANDED BY NIFTY FUTURES ABOVE SPOT NIFTY DURING THE INITIAL DAYS OF THIS EXPIRY WAS A CLEAR INDICATION THAT THERE IS SOMETHING FISHY AND THE PREMIUM HAD TO BE NEUTRALIZED TO MAKE NIFTY FUTURE RUN DISCOUNT TO NIFTY SPOT AND THAT IS WHAT IS HAPPENING NOW. FOR THE EXPIRY DAY NO TECHNICALS WILL WORK AND NIFTY WILL BE MADE TO CLOSE AT THE DESIRED LEVEL OF BIG PLAYERS AND NO ONE CAN  DO ANYTHING ABOUT IT. IT COULD BE EVEN A 5000 EXPIRY CLOSE IN CASE THE BEARS HAVE THEIR SAY. GENERALLY SUPPORT OR RESISTANCE LINES ARE BREACHED DURING THE EXPIRY DAYS WHEN NO ONE DARES TO TAKE A CHANCE WITH THE BIG PLAYERS & THIS TIME IS NO EXCEPTION. SO, BULLS MAY CONSIDER THEMSELVES AS EXTREMELY LUCKY IF NIFTY HAS AN EXPIRY CLOSING MUCH ABOVE 5100. AS CAN BE SEEN IN THE CHART ABOVE, NIFTY HAS FORMED A DOUBLE BOTTOM AND ANOTHER BREACH OF 5171 CAN SEE A STONE LIKE FALL STRAIGHT TOWARDS 5080.

SIMILARLY ON THE HIGHER SIDE SPOT NIFTY SPOT HAS TO DECISIVELY CROSS THE CRITICAL ZONE BETWEEN 5237 TILL 5257 IN ORDER TO INDUCE SOME SHORT COVERING FOR NIFTY TO MOVE UP TOWARDS  HIGHER LEVELS TO HAVE A SYMPATHETIC CLOSING AROUND 5250 TO 5300 LEVELS WHICH AGAIN NEEDS DEVINE POWER TO BE BESTOWED ON THE BULLS  TO ACHIEVE THIS HERCULEAN FEET ON THE EXPIRY DAY. BULLS HAVE TO INITIALLY BREACH  5237 TO AIM FOR  5260 IN ORDER TO MOVE UP TOWARDS HIGHER LEVELS. A FAILURE TO BREACH AND SUSTAIN ABOVE 5237 SPOT MAY BE CONFIDENTLY SHORTED FOR GOOD GAINS BY HAVING A STOP LOSS A FEW POINTS ABOVE 5240 SPOT. SIMILARLY FAILURE TO HOLD LOWER SUPPORTS OF 5170 TO 5160 MAY ALSO BE RUTHLESSLY SHORTED FOR GOOD GAINS. OPTION TRADERS MAY ACCUMULATE APRIL MONTH 5400 CALLS ON MARKET DECLINES AND 5100 APRIL PUTS ON MARKET BOUNCE AND CARRY THESE FOR NEXT WEEK IN THE RATIO OF 2 CALLS  TO 1  PUT

A mid-week Nifty update

Wednesday, March 28, 2012

A mid-week Nifty update

There is good news and bad news for investors who track the Nifty index closely. First the good news:
1. The Nifty is testing support from the long-term support-resistance level of 5170;
2. Just below the 5170 level is the blue down trend line, which is currently at 5120 and should provide support in case 5170 gets breached;
3. The 50 day EMA is still above the 200 day EMA;
4. There are positive divergences in three of the four technical indicators which have reached higher bottoms while the Nifty touched a slightly lower bottom;
5. Last, but not the least, the Nifty appears to be consolidating within a ‘falling wedge’ pattern, which has bullish implications.

Now, the bad news:
1. For the second time in three days, the Nifty closed below the 200 day EMA;
2. The 20 day and 50 day EMAs are falling, and the 50 day EMA seems all set to cross below the 200 day EMA (like it did in May ‘11);
3. In case the Nifty falls below the blue down trend line, there is no real support – except for the 50% Fibonacci retracement level (5080) of the entire Dec ‘11 to Feb ‘12 rally;
4. The technical indicators are bearish. The MACD is below its signal line and has dropped into negative territory. The ROC is negative and below its 10 day MA. The slow stochastic has fallen back inside its oversold zone. Only the RSI – which has risen from the edge of its oversold zone to the 50% level - is neutral;
5. What appears to be a bullish ‘falling wedge’ can very well turn out to be a bearish ‘descending triangle’ pattern, with the 5170 level acting as the horizontal side of the triangle.
The good news and bad news have nullified each other, leaving a big question mark about Nifty’s likely behaviour in this expiry weak. What should investors do? Stay patient and disciplined and stick to your asset allocation plan. The Nifty is dancing to the tune of the FIIs and DIIs. If you try to dance with elephants, the dance is likely to be short-lived!

Stock Tips And Nifty Tips For 29 March 2012

BUY CIPLA ABV 303 SL BLW 299 TGT 307-310.
SELL CAIRN BLW 338 SL ABV 342 TGT 334-330.
(* Momentum calls are for intraday purpose and are generated as per semi-mechanical systems. Stop-loss is an essential risk control mechanism and it should always be there. If you find the stock opened near targets either avoid it or wait for it to come near entry level to enter, and only enter when the risk-reward ratio is favorable to you, we also recommend time to time profit booking and stop loss trailing.)
Nifty’s fully automated technical trend analysis:
NIFTY last traded price: 5194.75.
Turtle Trend Analysis: Current Hourly Trend: Down, Dynamic Trend SL: 5277.95.
Currently the Hourly MACD is bullish since it is trading above its Signal line. The MACD crossed above its Signal line 9 period(s) ago. The Hourly MACD is NOT in an Overbought/Oversold range. here have been no divergence signals within the last 5 period(s).
The current value for the 14 Hourly RSI is 40.780.The Hourly RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal is generated when the RSI moves out of an overbought / oversold area. The last Signal was a buy 56 period(s) ago. The RSI and price are not diverging.
PIVOT TRADING LEVELS FOR NIFTY FOR NEXT SESSION:
R2: 5,267.25 R1: 5,231.00 PIVOT POINT: 5,200.30 S1: 5,164.05 S2: 5,097.10
PIVOT TRADING LEVELS FOR NIFTY FOR NEXT SESSION:
R2: 5,328.55 R1: 5,285.85 PIVOT POINT: 5,235.25 S1: 5,192.55 S2: 5,099.25

NIFTY OUTLOOK FOR 29/03/2012

TODAY ALSO NIFTY GET SUPPORT AT 5177,
LEVELS AND CLOSE AT 5194. AS LONG AS
5177 HOLD IN CLOSING BASIS NIFTY TRADING
IN RANGE BOUND ONLY.
5200-5500, IS THE RANGE AND 5355 IS THE
CENTER LINE. WE HOPE FOR MARCH SETTLEMENT
AT 5355 LEVEL.
BREAK UP/DOWN MAY HAPPEN IN NEXT WEEK.
WE ALSO EXPECT 300POINTS MOVE IN THE SAME
DIRECTION.
CLOSE ABOVE 5500 WILL LEAD TO 5777.
OR CLOSE BELOW 5200 WILL LEAD TO 4933.
AS PER ASTRO
GREEN TREND EXPECTED FROM 28TH MARCH
TO 7TH APRIL. CORRECTION AWAITED FOR NIFTY
FROM 9TH APRIL.
ASTRO SIGNALS FOR THE WEEK AHEAD
———————————-
SUN NOW IN MEENAM HOME. UNION GOVERNMENT
WILL FACE SOME PROBLEMS FOR NEXT TWO WEEKS.
GURU SAILING IN KANYA AMSAM UP TO 3RD APRIL.
BANKING MAY GET CORRECTION UP TO 3RD APRIL.
SATURN SAILING IN VAKRAM-REVERSAL MODE
IN KANYA HOME WITH KANYA AMSAM. LITTLE
GREEN EXPECTED STEEL, METAL, AND OIL SECTORS.
SUKRAN SAILING IN MESHAM.
ON THURSDAY THIS WEEK SHIFTING TO OWN HOME
RISHABAM. FOR REALITY, FRESH RALLY WILL START
FROM THURSDAY.
RAAHU AND KETHU SAING IN GOOD
AMSAMS AND HOMES. IT, PHARMA, MIDCAPS
AND AUTO SECTORS CAN SUSTAIN HERE.
AS MARS SAILING IN REVERSAL MODE.
MARS SHIFTED AWAY FROM KADAKAM-DECLINE
AMSAM ON SATURDAY. MILD GREEN EXPECTED FOR
INFRA POWER AND TELECOM SECTORS.
TECHNICAL FOR THE WEEK AHEAD
———————————-
FRESH LONGS ONLY AFTER A CLOSE ABOVE
5355 SL 5311.
BEARS CAN INITIATE FRESH SHORTS ONLY
AFTER A CLOSE BELOW 5177.
GOLD TRADING AROUND 1650 AT 1675.
US DOLLAR INDEX TRADING AT 80 NOW AT 79.23.
NYMEX CRUDE TRADING NEAR 105 NOW AT 105.31.
DOW TRADING WITH 30-POINTS RED AT 8PM ON WEDNESDAY.
NEUTRAL TREND SEEN.
NIFTY WEEKLY RANGE
===================
5088/5177-5266-5355/5444
AS PER ASTRO THIS WEEK
=======================
THURSDAY… RED UP TO NOON THEN GREEN.
FRIDAY….. CHOPPY AND RED.
NIFTY FUTURE MOMENTUM PLAY FOR THURSDAY
=========================================
BUY NIFTY-FUT ABOVE 5222 TARGET 5266/5311 STOPLOSS 5200.
SELL NIFTY-FUT BELOW 5177 TARGET 5155/5133 STOPLOSS 5200.
MOMENTUM PLAY FOR BANKNIFTY
============================
BUY ABOVE 10,000 TARGET 10088/10177 STOPLOSS 9955.
SELL BELOW 9911 TARGET 9822/9733 STOPLOSS 9955.
ASTRO VIEW 29/03/2012
======================
MOON SAILING IN MIRKASREEDAM STAR MARS SAARAM.
THIS IS RISHABAM SIGN UP TO 01.37PM THEN,
MITHUNAM SIGN.
GURU SAILING IN 12TH/11NTH HOME.
RAAHU IS SAILING 7TH/6TH PLACE.
KETHU SAILING IN SAME/12TH HOME.
MILD RED UP TO NOON THEN
GREEN EXPECTED.
29/03/2012 BIRTH NO.2 FATE NO.1
———————————–
SIDEWAY MOVES ON CARD.
OUT PERFORMERS FOR 29/03/2012
———————————–
INFRA, POWER, MEDIA AND MID-CAPS.
UNDER PERFORMERS FOR 29/03/2012
———————————–
LARGE CAPS.
LAGNAA TIMES DURING TRADING HOURS
———————————-
opening ..to.. 09.26am MESHAM NEUTRAL
09.26am ..to.. 11.24am RISHABAM POSITIVE
11.24am ..to.. 01.36pm MITHUNAM POSITIVE
01.36pm ..to.. closing KADAKAM POSITIVE
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.
TECHNICAL VIEW
================
LAST(28/03) CLOSE@5194 (-49 POINTS)
LAST HIGH@5236 LOW@5169
WEEKLY HIGH@5385 LOW@5169
5DMA@5226
20DMA@5306
50DMA@5292
200DMA@5158
POSITIVE ABOVE 5200
NEXT RESISTANCES AT 5244 AND AT 5288
NEGATIVE BELOW 5177
NEXT SUPPORTS AT 5155 AND AT 5133
5-DAY RSI 38 AND 14-DAY RSI 44.
INDICATES NIFTY PLACED IN BEARISH ZONE.
WEEKLY KEY RESISTANCE@5355/5444
WEEKLY PIVOT @5266
WEEKLY KEY SUPPORT@5177/5088
EXPECTED RANGE FOR 29/03/2012
IN SPOT 5133-5288
SPOT RESISTANCE FOR 29/03/2012 5200/5244/5288
SPOT SUPPORTS FOR 29/03/2012 5177/5155/5133
ASTRO-BASED WEEKLY NOTES FOR TRADERS
====================================
1.REALITY… GREEN FROM WEDNESDAY
—————————————–
SUKRAN-VENUS SAILING IN MESHAM. THIS WEEK
SHIFTING TO RISHABAM OWN HOME.
GREEN EXPECTED FROM WEDNESDAY.
2. POWER, INFRA AND FERTILIZER
———————————
MARS SAILING IN SIMMAM.
NOW IN REVERSAL MODE.
NOW SHIFTED FROM DECLINE-KADAKAM-AMSAM.
MILD GREEN EXPECTED FROM THIS WEEK.
3. TELECOM- GREEN FROM WEDNESDAY
———————————
PUTHAN SAILING IN REVERSAL MODE.
ON WEDNESDAY RETAIN TO NORMAL MODE.
MARS ALSO SAILING IN SIMMAM HOME,
IN REVERSAL MODE.
GREEN EXPECTED FROM WEDNESDAY.
4. OIL AND STEEL
———————
SATURN SAILING IN REVERSAL MODE.
TAKING KANYA HOME AS RAASI AND AMSAM.
MILD GREEN EXPECTED FOR ANOTHER SIX
MONTHS.
5. BANKING AND FINANCE.
——————————-
GURU SAILING IN MESHAM SIGN. ALSO TAKING
KANYA HOME AS AMSAM. NEGATIVE TREND
EXPECTED UP TO 3RD APRIL.
7. OTHERS
———–
PSU…….. NEGATIVE WEEK.
AUTO……. NEUTRAL WEEK.
IT/PHARMA.. POSITIVE WEEK.
RIL…….. POSITIVE FROM WEDNESDAY.
ADAG……. MILD GREEN WEEK.

NIFTY LEVELS FOR THURSDAY

LAST WEDNESDAY’S (28.03.2012) CLOSE WAS AT 5194.75 (-48.40 POINTS). THE DAY HIGH WAS 5236.55 AND LOW WAS 5169.60. WEEKLY HIGH IS AT 5385.95 AND THE WEEKLY LOW IS AT 5169.60.

5SMA=5226    9SMA=5260
  14SMA=5308
  20SMA=5305
  50SMA=5302
100SMA=5072
200SMA=5151

5-DAY RSI AT 38.04, 9-DAY RSI AT 40.74 AND 14-DAY RSI AT 43.60 INDICATES NIFTY IS IN BEARISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 5200 AND NEGATIVE WILL BE BELOW 5177. IMMEDIATE INTRADAY SUPPORTS ARE AT 5170, 5150 AND 5130 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5200, 5227, 5239, 5267 AND 5290 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5150-5250.VIX AT 24.87 (-0.18)  IS INDICATING AVERAGE VOLATILITY IN THE MARKET.
DUE TO EXPIRY DAY, NO RECOMMENDATION FOR TODAY.

FOR RISKY TRADE:  BUY RIL 740CE (APRIL) BETWEEN 20-22 FOR TARGET OF 35-50 WITH STOPLOSS OF 16

BEST BUY: WATCH FOR BHARATIAIRTEL 340CE. THOSE WHO WISHES TO TAKE A SMALL AMOUNT RISK, CAN BUY 5900 OR 6000CE (APRIL) @1.50/2.50

ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS.

NOTE: THE ABOVE CALLS MAY NOT BE TAKEN AS RECOMMENDATIONS. THIS IS ONLY MY VIEW/TRADING IDEA. IT IS ADVISED THAT EACH AND EVERY BLOG VISITORS/TRADERS/INVESTORS DO THEIR OWN RESEARCH AND/OR CONSULT FINANCIAL ADVISERS BEFORE TAKING ANY ACTION ON THE ABOVE MENTIONED CALLS.

 

MARKETS FOR 28TH MARCH

 NIFTY CONTINUED WITH ITS  ALTERNATE DAY OF BIG FALL  AND SMALL RISE & TUESDAY FORTUNATELY SAW A RISE OF 60 POINTS AGAINST THE FALL OF 94 POINTS ON MONDAY. WHAT IS  MORE INTERESTING IS THAT IN THE DAILY CHARTS SPOT NIFTY HAS CLOSED THE DAY WITH A PERFECT DOJI CANDLE THAT TOO WITH A HIGHER LOW, HIGHER HI & HIGHER CLOSING. ALTHOUGH THE  CONCOCTED NEWS ON ‘TAAR’ ON FII’S TAX IS GOING TO CONTINUE FOR SOME MORE DAYS TO REGULATE THE INDIAN MARKETS SIMILAR TO EUROPEAN CRISES IS USED TO REGULATE WORLD MARKETS, NIFTY AS OF NOW SEEMS TO BE FORMING A STRONG BOTTOM AROUND THE 5170 TO 5180 ALLOWING MEDIUM TO LONG TERM HOLDERS TO CONTINUE HOLDING THEIR LONGS AS LONG AS THIS CRITICAL SPOT NIFTY SWING LOW OF 5171 HOLDS. SIMILARLY FENCE SITTERS SITTING WITH CASH HAVE STARTED TO EMPLOY SOME FUNDS ON DECLINES TOWARDS 5200 TO 5180 ZONE BY HAVING A STRICT STOP LOSS BELOW THE CRITICAL LEVEL OF 5171 TO UN LEASE THE ENTIRE LONGS BELOW IT TO INDULGE IN RUTHLESS SHORTING BELOW THIS LEVEL.

WITH THE EXPIRY ON THURSDAY FOLLOWED BY THE WEEK, MONTH AND ACCOUNTING YEAR END ON FRIDAY, ONE MAY EXPECT EXTREME HIGH VOLATILITY TO CONTINUE FOR NEXT DAY OR TWO WITH WILD SWINGS EITHER WAY ON PLATED NEWS EVENTS. ONE MAY EXPECT STRENGTH TO RETURN FOR SPOT NIFTY IN CASE IT MOVES UP TO CROSS AND SUSTAIN ABOVE THE 5300 TO 5313 ZONE WHICH HOSTS BOTH THE 50 & 20 DMAS WITHIN THE ZONE. SIMILARLY 200 DAY EMA AROUND 5210 AND 200 DMA AROUND 5150 WILL DELAY THE DOWNSIDE SLIDE OF NIFTY . THE PERFECT DOJI FORMED ON TUESDAY ABOVE THE MID POINT OF THE BIG RED CANDLE OF MONDAY DEPICTS STRENGTH FOR NIFTY FOR FURTHER UP MOVE TOWARDS 5300 OR HIGHER LEVELS TO CONTEST THE DAILY PIVOT, 50 DMA, 20 DMA AND THE RESISTANCE LINE COMING FROM HIGHS OF 14^TH & 22^ND MARCH. THE CONFLUENCE OF RESISTANCES AROUND THE CRITICAL ZONE OF 5300 TO 5313 WILL TEST THE REAL CAPABILITIES  OF THE SHATTERED BULLS TO EITHER SHOOT PAST THIS ZONE OF 5300 TO 5313 TOWARDS MUCH HIGHER LEVELS OF 5400 IN NEXT FEW DAYS OR GIVE UP THE CHASE AND JOIN THE BEARS IN PULLING DOWN NIFTY MORE & MORE IN CASE 5171 IS BREACHED.

IN THE DAILY CHARTS, THE INDICATORS HAVE GENERATED EARLY SIGNS OF TURN AROUND FROM THE BOTTOM ZONE. IN THE HOURLY CHART ABOVE NIFTY SPOT HAS FORMED A 2 IN 1 INSIDE BAR SET UP WITH THE 2 P.M. MOTHER CANDLE HIGH OF 5277 AND LOW OF 5191. THE 30 MINUTE CHART HAS 4 IN 1 INSIDE BAR SET UP WITH THE MOTHER CANDLE WITH SAME HIGHS & LOWS. THESE TWO CRITICAL LEVELS WILL PLAY A MAJOR ROLE IN EITHER PROPELLING SPOT NIFTY HIGHER ON A DECISIVE BREACH OF SPOT 5277 OR TOWARDS MUCH LOWER LEVELS ON A DECISIVE BREACH OF SPOT 5191. WITH BOTH THE BENIGN AS WELL AS ADVERSE NEWS ON ‘FII TAAR’ BEING TOSSED UP EVERY NOW & THEN, ONE COULD SEE EITHER SIDE BEING BREACHED FOR SHARP MOVE ALTHOUGH PURE TECHNICALS TILT THE BALANCE IN FAVOR OF THE BULLS IN A BIG WAY.

AS CAN BE SEEN IN THE HOURLY CHART ABOVE, SPOT NIFTY HAS THE RESISTANCE LINE AROUND 5300 TO 5315 AND SUPPORT AROUND  5200. SIMILARLY NIFTY FUTURE FINDS RESISTANCE AROUND 5300 TO 5313 LEVELS AND CRITICAL SUPPORT BETWEEN 5200 TO 5195 FUTURE LEVELS. A DECISIVE BREACH OF 5195 TO 5190 FUTURE LEVELS MAY SEE NIFTY FUTURES SLIDING BY ANOTHER 90 TO 100 POINTS ENTIRELY SKIPPING THE CRITICAL LOW OF 5180 TO 5170. SIMILARLY ON THE HIGHER SIDE IN CASE NIFTY FUTURES SUSTAINS ABOVE  5313  THEN THERE IS EVERY POSSIBILITY OF A SHARP UP MOVE TOWARDS 5339  WHICH IS THE UPPER END OF THE SLOPPING RECTANGLE ABOVE WHICH  5360 FOLLOWED BY 5400 MAY BE AIMED BY THE BULLS.

FOR INTRADAY TRADING ON WEDNESDAY , THE OPENING WILL NOT ONLY DEPEND ON  THE JOKES ON  ‘FII TAAR’ BUT ALSO ON THE CONDITION OF ASIAN MARKETS WHICH AFTER THE BIG RISE ON TUESDAY WILL FALL IN THE MORNING OF WEDNESDAY BLINDLY FOLLOWING OVERNIGHT NEGATIVE DOW. INDIAN MARKETS HAVE PERFORMED THE WORST DURING THE LAST FEW WEEKS WITH 5 CONSECUTIVE WEEKS OF FALLS. SO ANY +VE NEWS ON ‘FII TAAR’ CAN TRIGGER MASSIVE SHORT COVERING LIKE TUESDAY THAT WILL EASILY PROPEL NIFTY ABOVE THE CRITICAL ZONE OF 5300 TO 5313. HOWEVER A REPEAT DOSE OF NEGATIVE NEWS ON ‘FII TAAR’ MAY SEE NIFTY SLIDING TOWARDS 5200 OR LOWER LEVELS. INTRADAY TRADERS MAY BUY IN CASE NIFTY FUTURES SUSTAINS ABOVE 5295 AND SELL IN CASE IT SUSTAINS BELOW 5235. OPTION TRADERS MAY USE DECLINES TO ACCUMULATE APRIL MONTH 5400 CALLS AS  LONG AS 5171 HOLDS.

NIFTY OUTLOOK FOR 28/03/2012

BEARS NOT ABLE TO BREAK 5177 AND BULL ARE
ARE RETURN IN TO THE MARKET. BULLS ARE
SUPPORTED BY GLOBAL NEWS AND TRENDS.
AS EXPECTED NIFTY AGAIN CAUGHT IN THE
RANGE.
5200-5500, IS THE RANGE AND 5355 IS THE
CENTER LINE. WE HOPE FOR MARCH SETTLEMENT
AT 5355 LEVEL.
BREAK UP/DOWN MAY HAPPEN IN NEXT WEEK.
WE ALSO EXPECT 300POINTS MOVE IN THE SAME
DIRECTION.
CLOSE ABOVE 5500 WILL LEAD TO 5777.
OR CLOSE BELOW 5200 WILL LEAD TO 4933.
AS PER ASTRO
GREEN TREND EXPECTED FROM 28TH MARCH
TO 7TH APRIL. CORRECTION AWAITED FOR NIFTY
FROM 9TH APRIL.
ASTRO SIGNALS FOR THE WEEK AHEAD
———————————-
SUN NOW IN MEENAM HOME. UNION GOVERNMENT
WILL FACE SOME PROBLEMS FOR NEXT TWO WEEKS.
GURU SAILING IN KANYA AMSAM UP TO 3RD APRIL.
BANKING MAY GET CORRECTION UP TO 3RD APRIL.
SATURN SAILING IN VAKRAM-REVERSAL MODE
IN KANYA HOME WITH KANYA AMSAM. LITTLE
GREEN EXPECTED STEEL, METAL, AND OIL SECTORS.
SUKRAN SAILING IN MESHAM.
ON THURSDAY THIS WEEK SHIFTING TO OWN HOME
RISHABAM. FOR REALITY, FRESH RALLY WILL START
FROM THURSDAY.
RAAHU AND KETHU SAING IN GOOD
AMSAMS AND HOMES. IT, PHARMA, MIDCAPS
AND AUTO SECTORS CAN SUSTAIN HERE.
AS MARS SAILING IN REVERSAL MODE.
MARS SHIFTED AWAY FROM KADAKAM-DECLINE
AMSAM ON SATURDAY. MILD GREEN EXPECTED FOR
INFRA POWER AND TELECOM SECTORS.
TECHNICAL FOR THE WEEK AHEAD
———————————-
FRESH LONGS ONLY AFTER A CLOSE ABOVE
5355 SL 5311.
BEARS SL TAKEN TODAY.
NEXT SHORTS ONLY AFTER A CLOSE BELOW 5177.
GOLD TRADING AROUND 1650 AT 1694.
US DOLLAR INDEX TRADING AT 80 NOW AT 79.06.
NYMEX CRUDE TRADING NEAR 105 NOW AT 107.54.
DOW TRADING WITH 5-POINTS RED AT 8PM ON TUESDAY.
NEUTRAL TREND SEEN.
NIFTY WEEKLY RANGE
===================
5088/5177-5266-5355/5444
AS PER ASTRO THIS WEEK
=======================
WEDNESDAY.. GREEN UP TO NOON THEN CHOPPY.
THURSDAY… RED UP TO NOON THEN GREEN.
FRIDAY….. CHOPPY AND RED.
NIFTY FUTURE MOMENTUM PLAY FOR WEDNESDAY
=========================================
BUY NIFTY-FUT ABOVE 5288 TARGET 5311/5333 STOPLOSS 5266.
SELL NIFTY-FUT BELOW 5244 TARGET 5222/5200 STOPLOSS 5266.
MOMENTUM PLAY FOR BANKNIFTY
============================
BUY ABOVE 10,244 TARGET 10333/10422 STOPLOSS 10200.
SELL BELOW 10,155 TARGET 10111/10066 STOPLOSS 10200.
ASTRO VIEW 28/03/2012
======================
MOON SAILING IN ROHINI STAR OWN SAARAM.
THIS IS RISHABAM SIGN.
GURU SAILING IN 12TH HOME.
RAAHU IS SAILING 7TH PLACE.
KETHU SAILING IN SAME HOME.
GREEN EXPECTED UP TO NOON.
THEN CHOPPY TRADING EXPECTED.
28/03/2012 BIRTH NO.1 FATE NO.9
————————————-
RANGE ON CARD.
OUT PERFORMERS FOR 28/03/2012
———————————–
BANKING, FMCG AND REALITY.
UNDER PERFORMERS FOR 28/03/2012
———————————–
STEEL AND OIL.
LAGNAA TIMES DURING TRADING HOURS
———————————-
opening ..to.. 09.30am MESHAM NEUTRAL
09.30am ..to.. 11.28am RISHABAM POSITIVE
11.28am ..to.. 01.40pm MITHUNAM NEUTRAL
01.40pm ..to.. closing KADAKAM POSITIVE
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.
TECHNICAL VIEW
================
LAST(27/03) CLOSE@5243 (+59 POINTS)
LAST HIGH@5277 LOW@5184
WEEKLY HIGH@5499 LOW@5174
5DMA@5260
20DMA@5315
50DMA@5286
200DMA@5159
POSITIVE ABOVE 5266
NEXT RESISTANCES AT 5288 AND AT 5333
NEGATIVE BELOW 5244
NEXT SUPPORTS AT 5222 AND AT 5200
5-DAY RSI 45 AND 14-DAY RSI 46.
INDICATES NIFTY PLACED IN BEARISH ZONE.
WEEKLY KEY RESISTANCE@5355/5444
WEEKLY PIVOT @5266
WEEKLY KEY SUPPORT@5177/5088
EXPECTED RANGE FOR 28/03/2012
IN SPOT 5200-5333
SPOT RESISTANCE FOR 28/03/2012 5288/5311/5333
SPOT SUPPORTS FOR 28/03/2012 5244/5222/5200
ASTRO-BASED WEEKLY NOTES FOR TRADERS
====================================
1.REALITY… GREEN FROM WEDNESDAY
—————————————–
SUKRAN-VENUS SAILING IN MESHAM. THIS WEEK
SHIFTING TO RISHABAM OWN HOME.
GREEN EXPECTED FROM WEDNESDAY.
2. POWER, INFRA AND FERTILIZER
———————————
MARS SAILING IN SIMMAM.
NOW IN REVERSAL MODE.
NOW SHIFTED FROM DECLINE-KADAKAM-AMSAM.
MILD GREEN EXPECTED FROM THIS WEEK.
3. TELECOM- GREEN FROM WEDNESDAY
———————————
PUTHAN SAILING IN REVERSAL MODE.
ON WEDNESDAY RETAIN TO NORMAL MODE.
MARS ALSO SAILING IN SIMMAM HOME,
IN REVERSAL MODE.
GREEN EXPECTED FROM WEDNESDAY.
4. OIL AND STEEL
———————
SATURN SAILING IN REVERSAL MODE.
TAKING KANYA HOME AS RAASI AND AMSAM.
MILD GREEN EXPECTED FOR ANOTHER SIX
MONTHS.
5. BANKING AND FINANCE.
——————————-
GURU SAILING IN MESHAM SIGN. ALSO TAKING
KANYA HOME AS AMSAM. NEGATIVE TREND
EXPECTED UP TO 3RD APRIL.
7. OTHERS
———–
PSU…….. NEGATIVE WEEK.
AUTO……. NEUTRAL WEEK.
IT/PHARMA.. POSITIVE WEEK.
RIL…….. POSITIVE FROM WEDNESDAY.
ADAG……. MILD GREEN WEEK.

Nifty levels for tomorrow 28 march

Bank nifty levels for tomorrow 28 march Pivot Level = 10154Support1 = 10021 Resistance1 = 10336Support2 = 9839 Resistance2 = 10469Support3 = 9706 Resistance3 = 10651
Nifty future support resistance 28 march Pivot Level = 5249Support1 = 5203 Resistance1 = 5310Support2 = 5142 Resistance2 = 5356Support3 = 5096 Resistance3 = 5417

Trading strategy for 28th March 2012

Markets surge in late hour rally
The market after gap up opening yesterday moved range bound in a choppy fashion till mid-afternoon when it witnessed all round hectic buying coupled with short covering taking the indices to session high by mid-afternoon after media reports citing finance ministry sources said the government will not target P-Notes in a blanket manner under its recently proposed ruling targeting tax avoidance under GAAR. The market finally closed in the positive with the Sensex gaining more than 200 points at 17257 while the Nifty ended the day at 5243 gaining 58 points after touching a high of 5277 and a low of 5184 in intraday trade. The market may remain volatile in view of current month’s F&O expiry tomorrow and hence readers are advised to trade with caution keeping stock specific approach.
NIFTY FUTURE (Last close 5251.75)
The counter after gap up opening yesterday moved in a choppy fashion till mid-afternoon when all round buying coupled with short covering pulled up the NF to day’s high of 5295 after media reports citing finance ministry sources said the government will not target P-Notes in a blanket manner under its recently proposed ruling targeting tax avoidance under GAAR. The counter finally closed the session gaining more than one per-cent with high volumes. The counter to retain its up move needs to trade and remains above 5271.75 whereby it may move up to 5299/5343. Strong support for the NF exists at 5226.25 which if breached decisively with volumes then it may slide to 5203/5182.

The stock after consolidating during the past sessions closed yesterday with positive bias gaining more than one per-cent with moderate volumes indicating accumulation of the stock at current rates. The stock appears positive on charts and may move up to 165/168 on volume trading. Strong support for the stock exists at 160.75.
SAIL FUTURE (Last close 95.20)
The steel stock after remaining range bound during the past week closed yesterday above its short term trend line with moderate volumes gaining over 2% suggesting accumulation of the stock at CMP. The stock appears positive on charts and may move up to 98/101. Strong support for the stock exists at 93.00.

nifty

NIFTY IS SHOWING LOT OF STRENTH AROUND 5170-80 ZONE AND IS HOLDING IT TILL NOW ,TODAY AGAIN NIFTY BROKE 5200 BUT COULD NOT MOVE DOWN BELOW 5170 ,AND TODAY AFTER HITTING 5185 MADE HIGH OF 5278.IT WAS CLEARING TOLD THAT HOLDING 5160-70 ZONE WILL BRING BOUNCE BACK AND TODAY WE SAW IT, ABOVE 5205 FAVOUR BULL AND TARGET WAS 5280-5298 AND TODAY AFTER HITTING HIGH OF 5278 FINALLY CLOSED AT 5243,NOW WHAT TO EXPECT FROM HERE ?TOMORROW ABOVE 5260 AGAIN NIFTY WILL SHOW STRENTH AND CAN MOVE UPTO 5322 AND ON DOWNSIDE 5160-70 WILL ACT AS STRONG SUPPORT TILL IT IS NOT BROKEN NOTHING TO WORRY,FOR MORE INTRADAY LEVEL BE ONLINE 


SPOT HURDLE 5260-5290...
BELOW ONLY BEAR DONT TRY TO CATCH FALLING KNIFE.

MARKETS FOR 27TH MARCH

THE WAY NIFTY WAS MADE TO FALL ON MONDAY IS A CLEAR INDICATION THAT THE COMING EXPIRY ON THURSDAY FOR NIFTY WILL BE MADE TO OCCUR AT MUCH LOWER LEVELS THAN THE EXPECTED 5400 . THE BUDGET ANNOUNCEMENT WAS ON 16^TH MARCH AND TO SAY THAT THE FALL ON MONDAY IS DUE TO SOME CONTENTS OF BUDGET ON FIIS  ENTERING THROUGH MAURITIUS  IS JUST HOGWASH & MAKING MOUNTAINS OUT OF MOLE HILLS. NIFTY HAD TO BE PULLED DOWN BEFORE THE EXPIRY  & IT IS JUST AS SIMPLE AS THAT. WHEN MOST  THINK THAT THE MARKETS WILL MOVE UP THEN  BE SURE IT WILL BE PULLED DOWN & WHEN MOST THINK THAT THE MARKETS WILL FALL THEN IT WILL BE TAKEN UP. ONE SHOULD BE ABSOLUTELY SURE OF THIS MODERN MARKET TECHNIQUE.

FOR TUESDAYS TRADING ONE SHOULD EXPECT SOME UPWARD RETRACEMENT BOUNCE IN CASE THE CRITICAL SPOT NIFTY LEVEL OF 5171  IS NOT DECISIVELY BREACHED. THE VERY FACT THAT SPOT NIFTY HAS BREACHED THE PSYCHOLOGICAL LEVEL OF 5200 TO CLOSE BELOW IT AT 5184 IT BECOMES HIGHLY VULNERABLE TO PLANTED NEWS ANNOUNCEMENTS AND ONE MUST BUY PUTS AFTER THE RETRACEMENT RISE OF NIFTY SPOT TO BENEFIT OUT OF THE LIKELY SUDDEN SLIDE IN NIFTY ON ANOTHER EXAGGERATED PLANTED NEWS TO FOLLOW ANOTHER RISE  SIMILAR TO THE FRIDAYS RISE THAT WAS FOLLOWED BY THE PLANTED STORY ON MONDAY.

TECHNICALLY THE MARKETS LOOK HIGHLY OVERSOLD AND ARE READY FOR A GOOD BOUNCE. HOWEVER THIS TIME SUSTAINING ABOVE THE 50 DMA LEVEL OF SPOT 5300 LOOKS HIGHLY UNLIKELY. A DAILY CLOSE ABOVE THE 50 DMA AROUND 5300 WILL BRING SOME STRENGTH FOR SPOT NIFTY ABOVE WHICH 20 DMA AROUND 5320 ALSO WILL TRY TO THROW ITS WEIGHT ON NIFTY. HOWEVER ONE MUST BE REASONABLE SURE TO SEE APRIL MONTH  WILL BRING GOOD GAINS FOR THE BULLS, AS PRESENTLY MARCH MONTH LEVEL IS MUCH MUCH LOWER THAN THE FEBRUARY MONTH HIGH OF 5630 AND  ALSO BELOW THE FEBRUARY MONTH CLOSING OF 5385 SPOT. ANY FALL IF AT ALL DURING THE REMAINING DAYS OF MARCH BROUGHT DOWN BY PLANTED STORIES MAY BE USED TO BY APRIL 5400 OR HIGHER CALLS FOR GOOD GAINS DURING THE MONTH OF APRIL.

FOR TUESDAYS INTRADAY TRADING PURPOSE , SPOT NIFTY SPOT & FUTURES FINDS INITIAL SUPPORT AROUND MONDAYS LOWS OF 5171 OR  AT THE CRITICAL LOW OF 5171 BELOW WHICH ONE MAY EXPECT A STONE LIKE FALL TOWARDS 5145 FOLLOWED BY 5115 TO BE AT THE STRIKING DISTANCE FROM THE 50% RETRACEMENT LEVEL OF 5080 IN NEXT ONE OR TWO DAYS. HOWEVER IN CASE BULLS MANAGE TO STALL THE EFFECT OF THE PLANTED NEWS & PREVENT NIFTY SLIDING BELOW 5171 THEN ONE MAY EXPECT A GOOD DOUBLE BOTTOM FORMATION AROUND 5175 & 5171 LEVELS TO SEE NIFTY MOVING UP TOWARDS MUCH HIGHER LEVELS. NIFTY FUTURE NEEDS TO SUSTAIN ABOVE 5266 TO 5270 IN ORDER TO MOVE UP TOWARDS 5300 OR HIGHER LEVELS. SUSTAINING ABOVE 5300 TO 5320 THAT IS ABOVE BOTH 50 & 20 DMA WILL SEE MUCH SHARPER MOVE UPWARDS ALTHOUGH IT LOOKS VERY TOUGH AT OF NOW. SLOPPING RESISTANCE LINE AROUND 5330 TO 5333 WILL ACT AS A CHINA WALL OF NIFTY.

SOME EARLY CLARITY BY THE GOVT ON THE PLANTED  & OVER EXAGGERATED NEWS ON FIIS TAX CASE ONLY CAN SEE INDIAN MARKETS MOVING UP OR ELSE  BREACH OF 5171 TO TEST 5080 IS A CERTAINTY IN MARCH BEFORE THE REAL BOUNCE TAKES EFFECT.

Stock Tips And Nifty Tips For 27 March 2012

BUY JPASSOCIAT ABV 82 SL BLW 74 TGT 90-95.
SELL INDIAINFO BLW 62.50 SL ABV 65 TGT 58-54.
(* Momentum calls are for intraday purpose and are generated as per semi-mechanical systems. Stop-loss is an essential risk control mechanism and it should always be there. If you find the stock opened near targets either avoid it or wait for it to come near entry level to enter, and only enter when the risk-reward ratio is favorable to you, we also recommend time to time profit booking and stop loss trailing.)
Nifty’s fully automated technical trend analysis:
NIFTY last traded price: 5184.25.
Turtle Trend Analysis: Current Hourly Trend: Down, Dynamic Trend SL: 5312.
Currently the Hourly MACD is bearish since it is trading below its Signal line. The MACD crossed below its Signal line 16 period(s) ago. The Hourly MACD is NOT in an Overbought/Oversold range. There have been no divergence signals within the last 5 period(s).
The current value for the 14 Hourly RSI is 30.759. The Hourly RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal is generated when the RSI moves out of an overbought / oversold area. The last Signal was a buy 40 period(s) ago. The RSI and price are not diverging.
PIVOT TRADING LEVELS FOR NIFTY FOR NEXT SESSION:
R2: 5,311.42 R1: 5,247.83 PIVOT POINT: 5,211.37 S1: 5,147.78 S2: 5,047.73

NIFTY OUTLOOK FOR 27/03/2012

NIFTY SLIP 100POINTS AND CLOSES AT 5184.
FURTHER, ANOTHER CLOSE BELOW 5177
WILL LEAD NIFTY TO FURTHER DOWNSIDE.
BUT GLOBAL MARKET BOUNCE AFTER WE
CLOSE OUR TRADING. SO RANGE BOUND
TRADING DAYS EXPECTED UP TO THURSDAY.
5200-5500, IS THE RANGE AND 5355 IS THE
CENTER LINE. WE HOPE FOR MARCH SETTLEMENT
AT 5355 LEVEL.
BREAK UP/DOWN MAY HAPPEN IN NEXT WEEK.
WE ALSO EXPECT 300POINTS MOVE IN THE SAME
DIRECTION.
CLOSE ABOVE 5500 WILL LEAD TO 5777.
OR CLOSE BELOW 5200 WILL LEAD TO 4933.
AS PER ASTRO
VOLATILE TREND EXPECTED UP TO 27TH MARCH.
FROM WEDNESDAY THIS WEEK, GREEN TREND EXPECTED
UP TO 7TH APRIL.DEEP CORRECTION AWAITED FOR NIFTY
FROM 9TH APRIL.
ASTRO SIGNALS FOR THE WEEK AHEAD
———————————-
SUN NOW IN MEENAM HOME. UNION GOVERNMENT
WILL FACE SOME PROBLEMS FOR NEXT TWO WEEKS.
GURU SAILING IN KANYA AMSAM UP TO 3RD APRIL.
BANKING MAY GET CORRECTION UP TO 3RD APRIL.
SATURN SAILING IN VAKRAM-REVERSAL MODE
IN KANYA HOME WITH KANYA AMSAM. LITTLE
GREEN EXPECTED STEEL, METAL, AND OIL SECTORS.
SUKRAN SAILING IN MESHAM.
ON THURSDAY THIS WEEK SHIFTING TO OWN HOME
RISHABAM. FOR REALITY, FRESH RALLY WILL START
FROM THURSDAY.
RAAHU AND KETHU SAING IN GOOD
AMSAMS AND HOMES. IT, PHARMA, MIDCAPS
AND AUTO SECTORS CAN SUSTAIN HERE.
AS MARS SAILING IN REVERSAL MODE.
MARS SHIFTED AWAY FROM KADAKAM-DECLINE
AMSAM ON SATURDAY. MILD GREEN EXPECTED FOR
INFRA POWER AND TELECOM SECTORS.
TECHNICAL FOR THE WEEK AHEAD
———————————-
BULLS SL 5311 TAKEN ON THURSDAY.
NEXT FRESH LONGS ONLY AFTER A CLOSE ABOVE
5355 SL 5311.
BEARS HAVE TO KEEP 5244-SPOT AS STOPLOSS
FOR ALL SHORTS. BOOK PROFITS AFTER EVERY
50POINTS SLIP.
GOLD TRADING AROUND 1650 AT 1679.
US DOLLAR INDEX TRADING AT 80 NOW AT 79.06.
NYMEX CRUDE TRADING NEAR 105 NOW AT 107.10.
DOW TRADING WITH 136-POINTS GREEN AT 8PM ON MONDAY.
GREEN TREND SEEN.
NIFTY WEEKLY RANGE
===================
5088/5177-5266-5355/5444
AS PER ASTRO THIS WEEK
=======================
TUESDAY…. MILD RED.
WEDNESDAY.. GREEN UP TO NOON THEN CHOPPY.
THURSDAY… RED UP TO NOON THEN GREEN.
FRIDAY….. CHOPPY AND RED.
NIFTY FUTURE MOMENTUM PLAY FOR TUESDAY
=========================================
BUY NIFTY-FUT ABOVE 5200 TARGET 5244/5288 STOPLOSS 5177.
SELL NIFTY-FUT BELOW 5155 TARGET 5133/5111 STOPLOSS 5177.
MOMENTUM PLAY FOR BANKNIFTY
============================
BUY ABOVE 10,111 TARGET 10200/10288 STOPLOSS 10066.
SELL BELOW 10,022 TARGET 9933/9844 STOPLOSS 10066.
ASTRO VIEW 27/03/2012
======================
MOON SAILING IN KIRUTHIKAI STAR SUN SAARAM.
THIS IS RISHABAM SIGN.
GURU SAILING IN 12TH HOME.
RAAHU IS SAILING 7TH PLACE.
KETHU SAILING IN SAME HOME.
GREEN EXPECTED AT OPENING HOUR.
THEN MILD NEGATIVE TREND EXPECTED.
27/03/2012 BIRTH NO.9 FATE NO.8
————————————-
RANGE ON CARD.
OUT PERFORMERS FOR 27/03/2012
—————————————————–
BANKING, INFRA, POWER AND REALITY.
UNDER PERFORMERS FOR 27/03/2012
——————————————————-
STEEL AND OIL.
LAGNAA TIMES DURING TRADING HOURS
———————————-
opening ..to.. 09.34am MESHAM NEUTRAL
09.34am ..to.. 11.32am RISHABAM POSITIVE
11.32am ..to.. 01.44pm MITHUNAM NEUTRAL
01.44pm ..to.. closing KADAKAM POSITIVE
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.
TECHNICAL VIEW
================
LAST(26/03) CLOSE@5184 (-94 POINTS)
LAST HIGH@5274 LOW@5174
WEEKLY HIGH@5499 LOW@5174
5DMA@5266
20DMA@5317
50DMA@5277
200DMA@5161
POSITIVE ABOVE 5200
NEXT RESISTANCES AT 5244 AND AT 5288
NEGATIVE BELOW 5177
NEXT SUPPORTS AT 5155 AND AT 5133
5-DAY RSI 34 AND 14-DAY RSI 42.
INDICATES NIFTY SLIPPING IN TO BEARISH ZONE.
WEEKLY KEY RESISTANCE@5355/5444
WEEKLY PIVOT @5266
WEEKLY KEY SUPPORT@5177/5088
EXPECTED RANGE FOR 27/03/2012
IN SPOT 5133-5288
SPOT RESISTANCE FOR 27/03/2012 5200/5244/5288
SPOT SUPPORTS FOR 27/03/2012 5177/5155/5133
ASTRO-BASED WEEKLY NOTES FOR TRADERS
====================================
1.REALITY… GREEN FROM WEDNESDAY
—————————————–
SUKRAN-VENUS SAILING IN MESHAM. THIS WEEK
SHIFTING TO RISHABAM OWN HOME.
GREEN EXPECTED FROM WEDNESDAY.
2. POWER, INFRA AND FERTILIZER
———————————
MARS SAILING IN SIMMAM.
NOW IN REVERSAL MODE.
NOW SHIFTED FROM DECLINE-KADAKAM-AMSAM.
MILD GREEN EXPECTED FROM THIS WEEK.
3. TELECOM- GREEN FROM WEDNESDAY
———————————
PUTHAN SAILING IN REVERSAL MODE.
ON WEDNESDAY RETAIN TO NORMAL MODE.
MARS ALSO SAILING IN SIMMAM HOME,
IN REVERSAL MODE.
GREEN EXPECTED FROM WEDNESDAY.
4. OIL AND STEEL
———————
SATURN SAILING IN REVERSAL MODE.
TAKING KANYA HOME AS RAASI AND AMSAM.
MILD GREEN EXPECTED FOR ANOTHER SIX
MONTHS.
5. BANKING AND FINANCE.
——————

nifty

Rally from tomorrow after correction completion TodayConsolidation Patterns in today intraday charts     1- Falling Channels without Force  2- New 8 intraday bottoms without force.  3- Most time trading between 5175-5223  4- Whole day trading between 5175-5255     Conclusions from intra day chart analysis      Although Whole day trading in negative zone and closing near the lowest of the day but intraday charts are showing above mentioned consolidation patterns within and above previous strong support range(5172-5200) therefore up moves are expected tomorrow.     Finally sustaining above 5223 will be first and strong indication of correction completion therefore should be firstly watched tomorrow.       Intraday consolidations and crucial levels were updated during trading hours in following outlooks also therefore just click following topic links and keep in mind crucial support levels:-     1- Pre-Closing Outlook  2- Mid-session Outlook-2     High possibility of rally continuation from tomorrow after today intraday consolidations and correction completion.

NIFTY FUTURE INTRADAY LEVELS FOR 26/03/2012

Buy  above 5313 for target 5330,other targets are 5342(T1),5358(T2),5385(T3),SL 5293.

And

Sell  below 5257 for target 5240,other targets are 5228(T1),5213(T2),5185(T3),SL 5277.

UPPER POINT-5334.10

LOWER POINT-5236.60

Upper point is strong resistance and lower point is strong support .

Note-T1,T2 are also possible reversal points .        

NIFTY FUTURE INTRADAY LEVELS FOR 26/03/2012

Buy above 5313 for target 5330,other targets are 5342(T1),5358(T2),5385(T3),SL 5293.
And
Sell below 5257 for target 5240,other targets are 5228(T1),5213(T2),5185(T3),SL 5277.
UPPER POINT-5334.10
LOWER POINT-5236.60
Upper point is strong resistance and lower point is strong support .
Note-T1,T2 are also possible reversal points .

NIFTY OUTLOOK FOR 26/03/2012

 

RANGE BOUND TRADING SEEN IN NIFTY.
5200-5500, IS THE RANGE AND 5355 IS THE
CENTER LINE. WE HOPE FOR MARCH SETTLEMENT
AT 5355 LEVEL.
BREAK UP/DOWN MAY HAPPEN IN NEXT WEEK.
WE ALSO EXPECT 300POINTS MOVE IN THE SAME
DIRECTION.
CLOSE ABOVE 5500 WILL LEAD TO 5777.
OR CLOSE BELOW 5200 WILL LEAD TO 4933.
AS PER ASTRO
VOLATILE TREND EXPECTED UP TO 27TH MARCH.
FROM WEDNESDAY THIS WEEK, GREEN TREND EXPECTED
UP TO 7TH APRIL.DEEP CORRECTION AWAITED FOR NIFTY
FROM 9TH APRIL.

ASTRO SIGNALS FOR THE WEEK AHEAD
———————————-
SUN NOW IN MEENAM HOME. UNION GOVERNMENT
WILL FACE SOME PROBLEMS FOR NEXT TWO WEEKS.
GURU SAILING IN KANYA AMSAM UP TO 3RD APRIL.
BANKING MAY GET CORRECTION UP TO 3RD APRIL.
SATURN SAILING IN VAKRAM-REVERSAL MODE
IN KANYA HOME WITH KANYA AMSAM. LITTLE
GREEN EXPECTED STEEL, METAL, AND OIL SECTORS.
SUKRAN SAILING IN MESHAM.
ON THURSDAY THIS WEEK SHIFTING TO OWN HOME
RISHABAM. FOR REALITY, FRESH RALLY WILL START
FROM THURSDAY.
RAAHU AND KETHU SAING IN GOOD
AMSAMS AND HOMES. IT, PHARMA, MIDCAPS
AND AUTO SECTORS CAN SUSTAIN HERE.
AS MARS SAILING IN REVERSAL MODE.
MARS SHIFTED AWAY FROM KADAKAM-DECLINE
AMSAM ON SATURDAY. MILD GREEN EXPECTED FOR
INFRA POWER AND TELECOM SECTORS.
TECHNICAL FOR THE WEEK AHEAD
———————————-
BULLS SL 5311 TAKEN ON THURSDAY.
NEXT FRESH LONGS ONLY AFTER A CLOSE ABOVE
5355 SL 5311.
BEARS CAN INITIATE FRESH SHORT AFTER A
CLOSE BELOW 5200 KEEPING 5244 AS SL.
GOLD TRADING AROUND 1650 AT 1661.
US DOLLAR INDEX TRADING AT 80 NOW AT 79.34.
NYMEX CRUDE TRADING NEAR 105 NOW AT 106.75.
DOW CLOSES WITH 34-POINTS GREEN ON FRIDAY.
NEUTRAL TREND SEEN.
NIFTY WEEKLY RANGE
===================
5088/5177-5266-5355/5444
AS PER ASTRO THIS WEEK
=======================
MONDAY….. GREEN UP TO NOON.
TUESDAY…. MILD RED.
WEDNESDAY.. GREEN UP TO NOON THEN CHOPPY.
THURSDAY… RED UP TO NOON THEN GREEN.
FRIDAY….. CHOPPY AND RED.
NIFTY FUTURE MOMENTUM PLAY FOR MONDAY
=========================================
BUY NIFTY-FUT ABOVE 5311 TARGET 5333/5355 STOPLOSS 5288.
SELL NIFTY-FUT BELOW 5266 TARGET 5244/5222 STOPLOSS 5288.
MOMENTUM PLAY FOR BANKNIFTY
============================
BUY ABOVE 10,400 TARGET 10488/10577 STOPLOSS 10355.
SELL BELOW 10,311 TARGET 10222/10133 STOPLOSS 10355.
ASTRO VIEW 26/03/2012
======================
MOON SAILING IN BHARANI STAR SUKRAN SAARAM.
THIS IS MESHAM SIGN.
GURU SAILING ALONG WITH MOON.
RAAHU IS SAILING 8TH PLACE.
KETHU SAILING AT 2ND HOME.
GREEN EXPECTED UP TO NOON.
THEN NEGATIVE TREND EXPECTED.
26/03/2012 BIRTH NO.8 FATE NO.7
————————————-
RED ON CARD.
OUT PERFORMERS FOR 26/03/2012
———————————-
INFRA POWER AND REALITY.
UNDER PERFORMERS FOR 26/03/2012
————————————
STEEL AND OIL.
LAGNAA TIMES DURING TRADING HOURS
———————————-
opening ..to.. 09.37am MESHAM NEUTRAL
09.37am ..to.. 11.36am RISHABAM POSITIVE
11.36am ..to.. 01.48pm MITHUNAM NEGATIVE
01.48pm ..to.. closing KADAKAM POSITIVE
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.
TECHNICAL VIEW
================
LAST(23/03) CLOSE@5278 (+50 POINTS)
LAST HIGH@5312 LOW@5220
WEEKLY HIGH@5499 LOW@5205
5DMA@5281
20DMA@5329
50DMA@5271
200DMA@5163
POSITIVE ABOVE 5288.
NEXT RESISTANCES AT 5311 AND AT 5355.
NEGATIVE BELOW 5266.
NEXT SUPPORTS AT 5244 AND AT 5200.
5-DAY RSI 45 AND 14-DAY RSI 48.
INDICATES NIFTY CROSSING TO BEARISH ZONE.
WEEKLY KEY RESISTANCE@5355/5444
WEEKLY PIVOT @5266
WEEKLY KEY SUPPORT@5177/5088
EXPECTED RANGE FOR 26/03/2012
IN SPOT 5200-5355
SPOT RESISTANCE FOR 26/03/2012 5288/5311/5355
SPOT SUPPORTS FOR 26/03/2012 5266/5244/5200
ASTRO-BASED WEEKLY NOTES FOR TRADERS
====================================
1.REALITY… GREEN FROM WEDNESDAY
—————————————–
SUKRAN-VENUS SAILING IN MESHAM. THIS WEEK
SHIFTING TO RISHABAM OWN HOME.
GREEN EXPECTED FROM WEDNESDAY.
2. POWER, INFRA AND FERTILIZER
———————————
MARS SAILING IN SIMMAM.
NOW IN REVERSAL MODE.
NOW SHIFTED FROM DECLINE-KADAKAM-AMSAM.
MILD GREEN EXPECTED FROM THIS WEEK.
3. TELECOM- GREEN FROM WEDNESDAY
———————————
PUTHAN SAILING IN REVERSAL MODE.
ON WEDNESDAY RETAIN TO NORMAL MODE.
MARS ALSO SAILING IN SIMMAM HOME,
IN REVERSAL MODE.
GREEN EXPECTED FROM WEDNESDAY.
4. OIL AND STEEL
———————
SATURN SAILING IN REVERSAL MODE.
TAKING KANYA HOME AS RAASI AND AMSAM.
MILD GREEN EXPECTED FOR ANOTHER SIX
MONTHS.
5. BANKING AND FINANCE.
——————————-
GURU SAILING IN MESHAM SIGN. ALSO TAKING
KANYA HOME AS AMSAM. NEGATIVE TREND
EXPECTED UP TO 3RD APRIL.
7. OTHERS
———–
PSU…….. NEGATIVE WEEK.
AUTO……. NEUTRAL WEEK.
IT/PHARMA.. POSITIVE WEEK.
RIL…….. POSITIVE FROM WEDNESDAY.
ADAG……. MILD GREEN WEEK.

 

Technical Analysis,Research & Weekly Outlook (Mar 26 to Mar 30,2012)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 3 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in next week:-

1-Finally impulsive wave-3 Rally after Correction Completion

2-Long Term Trend Decider 200-Day EMA & 200-Day SMA 

3-Nifty-Micro Analysis of Intra Day Chart(23-Mar-2012)

Conclusions (After Putting All Studies Together)

Long term trend is up,Intermediate term and Short term trends are down in Intermediate term correction. 1098.80 Nifty Points rally in 45 sessions and its correction is on from 22-02-2012 but without any reversal pattern and Continuation pattern 'Symmetrical triangle' formation is visible in 23 sessions correction EOD Chart therefore expected that rally begun from 4531.15 on 20-12-2011 will continue after on going correction completion.

Correction is on after good selling at higher levels. Although good support seen above 5200 in previous week but correction is on and in this precess testing possibility of Long term trend decider 200-Day SMA(5156) can not be ruled out and until Nifty will not sustain below it till then Uptrend will remain intact.

Expected that Nifty will trade between 5156-5380 in the coming week and will prepare for fresh rally as well as Nifty will not sustain below 200-Day SMA and finally impulsive wave-3 rally will be seen after completion of corrective Wave-2.

Fig: BREAKOUT AND BREAKDOWN LEVELS