nifty 15min charts

ns at chanell supp..may move up towards 5240ns

charts for trading till tomm morning session

buy near 5151-5142 range with sl below 5120

nifty 5day 5 min charts

bullish wolfe wave in ns charts

tomorrow if opens with positive bias then sell near 5231-36 range with sl abv 5257 for trgts of 5212-5197-5171(if sl hit exit the trade and go long if sustains abv 5260.(SL 5217).trgts can be near 5330-40 till wednesday)

buy again near 5175-5180 range with sl below 5145 for trgts 5231

if closes abv 5220 then longs may be held for trgts abv 5300 on wednesday

Optional view:if ns could not break abv 5212-5217 range in first 10-15min then sell aggressively for trgts of 5112-5106 range
trading range may be 5209-5151-5193-5112

charts are indicatingthat today it will a day for lower lows...may halt at 3.30pm(5171-5154)

tuesday may be rangebound day(60-70 pts)

wednesday a big bullish day(

thursday...the expiry day will favour bears

probable development of a bearish ww(in blue lines) in ns 15min charts

ns may face res near 5350ns levels and then may correct sharply for 5230-5220(red line) range near eod or tuesday open.

green line showing the probable path of nifty

point 5 may form on intersection of pink and black lines near 5350 where aggressive shorts can be created with sl abv 5389

nifty 5min 5day charts

has broken abv falling channel

WW pattern in 5 min 5 day charts

NS MAY TRGT 5345 NEAR 1.30-2.00 PM
BUY ON DIPS SL BELOW 5277

NIFTY 15MIN CHARTS

NIFTY DAILY CHARTS

INVERTED HEAD AND SHOULDER PATTERN

Formation of inverted Head and Shoulder pattern in ns charts

on 27th feb in a single day ns traded in 5450-5268(pink line) range which formed left of left shoulder of a probable inverted head and shoulder pattern

tomorrow being budget day and expected will be a volatile day, nifty may trade in same chanell forming right of right shoulder(pink line in charts)

probable range is 5338(5325)-5510(5528)

PRANAB DA READING BUDGET SPEECH

nifty 30min charts

probable path of nifty for tomorrow the union budget day

devolpment of formation of a bearish wolfe wave pattern

may face resistance at pink line

trgts can be sub 5000 levels but may take 3-4 month time and may also move up in between for higher highs




perfect execution of a bullish wolfe wave pattern..

nifty views

ns may trgt near 5570 levels till 14th or 15th and then may see a reversal of near 300-350 points..union budget and hike in fuel prices may be trigger


sl for longs is close below 5260ns

strategy:if ns reaches near 5570-5590 ns levels...sell accordingly in nf with sl abv 5630 ns levels

if ns breaks abv 5630 levels again then it may not fall below 5338 in any corrections in next 2 months

nifty if sustains abv 5670 may make higher highs and even may trgt 5900+ levels in next 2 months and then a sharp correction for sub 5000 levels may be seen as shown in bearish wolfe wave charts in next post

Next Week will be Crucial For Market:

12 Mar: IIP Data
14 Mar: Rail Budget and Monthly Inflation.
15 Mar: India Economic Survey and RBI Policy.
15-16 Mar: Adv Tax Data.
16 Mar: Union Budget.

RBI cut CRR by 75 basis points

Ahead of Credit Policy review and Union Budget, the Reserve Bank of India (RBI) on Friday, cut the Cash Reserve Ratio (CRR) by 75 basis points to 4.75 per cent effective March 10.

Ahead of the mid-quarter monetary policy on March 15, the Reserve Bank of India (RBI) stepped in to ease the tight liquidity conditions in the system. It slashed the cash reserve ratio (CRR) by 75 basis points to 4.75%. The market was expecting a cut of 50 bps. This move is expected to pump in Rs 48,000 crore liquidity support into the market.

CRR is the portion of net demand and time liabilities (NDTL) (read, total deposits) that banks have to mandatorily keep with the regulator. This means, from March 10 onwards, banks are now required to keep only 4.75% of their NDTL instead of 5.50% earlier.

"Despite (earlier) measures, the liquidity deficit has remained large on account of both structural and frictional factors. This was reflected in the net average borrowing under the RBI's liquidity adjustment facility (LAF), rising from an average of Rs 1,29,200 crore in January 2012 to Rs 1,40,500 crore in Feb. Net injection of liquidity through LAF rose to a peak of Rs 1,91,700 crore on March 1, 2012," RBI said in a release.

fibo levels

5630-5172=458points

retracement of downmove :
23.6%-5280
38.2%=5345
50%=5400
61.8%=5454

nifty 5 min charts

if support of 5222-5213 is held then may see an upmove towards 5243-5255-5268-5281

nifty 5 min charts

HAPPY HOLI TO ALL FRIENDS AND THEIR FAMILIES

NIFTY 5 MIN CHARTS

NIFTY 5 MIN 5DAY CHARTS

TOMORROW NS MAY TRADE IN 5237-5333 RANGE

STRATEGY:SELL ON RISE NEAR 5323-33 RANGE WITH SL BV 5357
BUY ON DIPS NEAR 5237-43 RANGE WITH SL BELOW 5201

EXPECTED CLOSE NEAR 5318

NIFTY 5MIN. 5 DAY CHARTS

INDIA VIX DAILY CHARTS

INDIA VIX CHARTS ARE INDICATING OF AN UPMOVE ABV 29.4 TOWARDS 31-32 RANGE RESULTING IN DOWNMOVE IN NIFTY AND
THEN SHARP FALL TOWARDS 23-24 RANGE RESULTING IN SWIFT UPMOVE IN NIFTY



INDIA

NIFTY 15MIN CHARTS

DAILY NIFTY SPOT CHARTS

STRATEGY:BUY ON DIPS IN NEXT 2-3 DAYS NEAR 5237-68 RANGE ,NIFTY MAY DIP TO 5210 INTRADAY,SL BELOW 5170 ON CLOSING BASIS OR BELOW 5130 INTRADAY
TRGTS:5459-5601-5714
THIS UPMOVE CAN BE VERY FAST AND SWIFT MAY SEE BIG GAP UP OPEN

buy 5600ce and 5100pe...
total cost near Rs. 128.00..
trgt Rs.200-250 till budget day..
nifty may give a breakout from triangle pattern soon...
200-250 points move either side
6th march results of election in UP...can be deciding factor/trigger...

contracting triangle in nifty 30min charts

NIFTY 30MIN CHARTS

5288-5268 IS STRONG SUPPORT RANGE,IF CLOSES BELOW 5275 NIFTY MAY GET WEAKER FOR SUB 5100 LEVELS

5376-5385 IS IMMED RES...ABV 5357..IF SUSTAINS ABV 5408 THEN MAY SEE SHORT COVERING FOR TRGTS 5460+

contracting triangle in 5min charts

nifty 5 min charts

nifty 5 min charts