Bank Nifty(Feb Fut)-Levels & Trading Strategy for 09-02-2012

Bank Nifty(Feb Fut)-Levels

R3 10685
R2 10563
R1 10452
Avg 10330
S1 10219
S2 10097
S3 9986

Bank Nifty(Feb Fut)-Trading Strategy

H6 10577     Trgt 2
H5 10523     Trgt 1
H4 10469     Long breakout
H3 10405     Go Short
H2 10383
H1 10362
L1 10319
L2 10298
L3 10276     Long
L4 10212     Short Breakout
L5 10158     Trgt 1
L6 10104     Trgt 2

Post-closing Report(08-02-2012)

Again selling today also between last 2 sessions selling range(5365-5389) and again Nifty could not sustain above 5389 therefore short term and deeper correction possibility has increased today. 

Mid-session Outlook(08-02-2012)

Yesterday technicals positions are as follows:-

1- Selling between 5368-5386
2- Mixed Patterns between 5323-5338

First 2 hours trading range today is- 5335.75-5387.05

Selling betweeen 5365-5389 in last 2 sessions and sustaining above will mean fresh up moves after completion of very short term correction. As today up moves are after lower levels support therefore this possibility is alive if market consolidates today between last 2 sessions Selling range(5368-5386).As Nifty is trading between this range(5368-5386) therefore cross over of this range should be seen firstly used for next moves first indication.

Nifty-Micro Analysis of Intra Day Chart For 08-02-2012

Nifty-Intra Day Chart(07-Feb-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5368-5386
2- Mixed Patterns between 5323-5338
3- Whole day trading between 5324-5398

Conclusions from intra day chart analysis 

As intraday selling between 5365-5389 on 06-02-2012 therefore folowing lines were told for 07-02-2012 market on 06-02-2012 in very short term correction on 07-02-2012:-

1- "very short term correction and slipping below today trading lows(5330) is expected"


2- "As intraday selling at higher levels therefore consolidation and sustaining above 5389 is must for next up moves confirmations"

Our above both projections proved 100% accurate;-


Nifty could not sustain above 5389 and slipped below 5330 as well as formed intraday low at 5313.35 on 07-02-2012 

Intraday selling again seen between 5368-5386 on 07-02-2012 therefore the range of 5365-5389 become stronger resistance. All trends are up and Indian markets are in the hands of Bulls as well as last one hour trading with intraday mixed patterns also seen between 5323-5338 on 07-02-2012 therefore sustaining beyond 5323-5338 should be firstly watched for following conclusions:-

1- Sustaining above 5338 will mean high possibility of correction between sideways market.
2- Sustaining below 5323 will mean short term and deeper correction to test minimum next first support near 5250. As heated overbought market and indicators have also started to show divergences therefore Short Term correction is due and its posibility has turned higher today.

FII Trading Data in Derivatives Segment on 07-Feb-2012

FII & DII trading activity in Capital Market Segment on 07-Feb-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 07-Feb-2012 2898.03 2279.19 618.84

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Feb-2012 916.16 1770.62 -854.46

Indian Stock Markets Closing Reports(07-Feb-2012)

Main features of today trading are as follows

1- Red closing of Benchmark Indices except BANKEX.
2- Engulfing Bearish Candle.
3- Selling at higher levels.

Ratios

Nifty Put Call Ratio:1.19
Nifty P/E Ratio(07-Feb-2012):19.02

Advances & Declines

BSE Advances : 1235
BSE Declines : 1650
NSE Advances : 522
NSE Declines : 934

Nifty Open Interest Changed Today

Nifty- 5200 CE(Feb)- +49500(+1.57%)
Nifty- 5200 PE(Feb)- +378100(+5.25%)

Nifty- 5300 CE(Feb)- -280500(-6.22%)
Nifty- 5300 PE(Feb)- +832800(+18.53%)

Nifty- 5400 CE(Feb)- +577050(+10.65%)
Nifty- 5400 PE(Feb)- +683450(+34.92%)

Closing 

Nifty- closed at 5,335.15(-26.50 Points & -0.49%)
Sensex- closed at 17,622.45(-84.86 Points & -0.48%)
CNX Midcap - closed at 7,355.15(-78.80 Points & -1.06%)
BSE Smallcap- closed at 6,073.11(-49.46 Points & -0.81%)

Nifty Spot-Levels & Trading Strategy for 08-02-2012

Nifty Spot-Levels

R3 5482
R2 5447
R1 5391
Avg 5356
S1 5300
S2 5265
S3 5209

Nifty Spot-Trading Strategy

H6 5426     Trgt 2
H5 5405     Trgt 1
H4 5385     Long breakout
H3 5360     Go Short
H2 5351
H1 5343
L1 5326
L2 5318
L3 5309     Long
L4 5284     Short Breakout
L5 5264     Trgt 1
L6 5243     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2012

Nifty(Feb Fut)-Levels

R3 5473
R2 5443
R1 5399
Avg 5369
S1 5325
S2 5295
S3 5251

Nifty(Feb Fut)-Trading Strategy

H6 5429     Trgt 2
H5 5412     Trgt 1
H4 5395     Long breakout
H3 5375     Go Short
H2 5368
H1 5361
L1 5348
L2 5341
L3 5334     Long
L4 5314     Short Breakout
L5 5297     Trgt 1
L6 5280     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2012

Bank Nifty(Feb Fut)-Levels

R3 10643
R2 10544
R1 10437
Avg 10338
S1 10231
S2 10132
S3 10025

Bank Nifty(Feb Fut)-Trading Strategy

H6 10537     Trgt 2
H5 10490     Trgt 1
H4 10443     Long breakout
H3 10386     Go Short
H2 10367
H1 10348
L1 10311
L2 10292
L3 10273     Long
L4 10216     Short Breakout
L5 10169     Trgt 1
L6 10122     Trgt 2

Pre-Closing Outlook(07-02-2012)

Only Intraday volatility was expected and only it was seen whole day. Market is almost flat after minor higher levels selling signals. Selling between 5365-5389 was seen yesterday and Nifty slipped below it after more than 4 hours trading between this range as well as higher levels selling formations also today.

Very short term correction possibility is turning higher today

Mid-session Outlook(07-02-2012)

News based(GDP data and STT reduction news) based  volatile markets today after higher levels selling. Although sharp surge but whole up moves nullified within half hour.

Such volatilty for triggering of Stop Loss was perceived before opening of Indian markets therefore we covered our shorting positions at at par rates without waiting for SL triggering.

Mixed intraday positions therefore sustaining beyond 5330-5400 will be next moves confirmations and should be firstly watched.

NIFTY-Feb F&O-1st Shorting of 06-02-2012-Covering

NIFTY-Feb F&O-1st Shorting of 06-02-2012-Global markets mixed & STT Reduction news. Market will be volatile therefore cover immediately after opening(Lalit39)

very short term correction on 07-02-2012

Nifty-Micro Analysis of Intra Day Chart For 07-02-2012

Nifty-Intra Day Chart(06-Feb-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5365-5389
2- Whole day trading between 5330-5389

Conclusions from intra day chart analysis 

Selling at higher levels today therefore very short term correction and slipping below today trading lows(5330) is expected and follow up buying/selling will decide the life and depth of correction tomorrow. As intraday selling at higher levels therefore consolidation and sustaining above 5389 is must for next up moves confirmations.

FII Trading Data in Derivatives Segment on 06-Feb-2012

FII & DII trading activity in Capital Market Segment on 06-Feb-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Feb-2012 3512.46 2514.52 997.94

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Feb-2012 1378.21 1561.33 -183.12

Indian Stock Markets Closing Reports(06-Feb-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except HC.
2- Hanging Man/Dragonfly Doji Bearish Candle formations
3- Intraday charts are suggesting selling at higher levels.

Ratios

Nifty Put Call Ratio:1.16
Nifty P/E Ratio(01-Feb-2012):19.13

Advances & Declines

BSE Advances : 1852
BSE Declines : 1064
NSE Advances : 974
NSE Declines : 486

Nifty Open Interest Changed Today

Nifty- 5200 CE(Feb)- -162450(-4.87%)
Nifty- 5200 PE(Feb)- +1324350(+21.74%)

Nifty- 5300 CE(Feb)- -58200(-1.19%)
Nifty- 5300 PE(Feb)- +1412500(+44.32%)

Nifty- 5400 CE(Feb)- +720800(+15.19%)
Nifty- 5400 PE(Feb)- +912100(+76.77%)

Closing 

Nifty- closed at 5,361.65(+35.80 Points & +0.67%)
Sensex- closed at 17,707.31(+102.35 Points & +0.58%)
CNX Midcap - closed at 7,433.95(+109.80 Points & +1.50%)
BSE Smallcap- closed at 6,781.93(+95.38 Points & +1.43%)

Nifty Spot-Levels & Trading Strategy for 07-02-2012

Nifty Spot-Levels

R3 5454
R2 5422
R1 5391
Avg 5359
S1 5328
S2 5296
S3 5265

Nifty Spot-Trading Strategy

H6 5424     Trgt 2
H5 5410     Trgt 1
H4 5395     Long breakout
H3 5378     Go Short
H2 5372
H1 5366
L1 5355
L2 5349
L3 5343     Long
L4 5326     Short Breakout
L5 5311     Trgt 1
L6 5297     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 07-02-2012

Nifty(Feb Fut)-Levels

R3 5464
R2 5431
R1 5398
Avg 5365
S1 5332
S2 5299
S3 5266

Trading Strategy

H6 5432     Trgt 2
H5 5417     Trgt 1
H4 5402     Long breakout
H3 5384     Go Short
H2 5378
H1 5372
L1 5359
L2 5353
L3 5347     Long
L4 5329     Short Breakout
L5 5314     Trgt 1
L6 5299     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 07-02-2012

Bank Nifty(Feb Fut)-Levels

R3 10521
R2 10429
R1 10334
Avg 10242
S1 10147
S2 10055
S3 9960

Bank Nifty(Feb Fut)-Trading Strategy

H6 10427     Trgt 2
H5 10384     Trgt 1
H4 10341     Long breakout
H3 10290     Go Short
H2 10273
H1 10256
L1 10221
L2 10204
L3 10187     Long
L4 10136     Short Breakout
L5 10093     Trgt 1
L6 10050     Trgt 2

NIFTY-Feb F&O-1st Selling of 06-02-2012-Trade

NIFTY(feb Fut-Sell-Positional)SL-5396-TGT-5316-CMP-5374

NIFTY(Feb Put Option-Buy Positional)SL-5396-TGT-5316-S.P.FOR Put-5300,5400(feb Fut-Rates for all Options)-CMP-5374