Indian Stock Markets Closing Reports(16-Jan-2013)

Main features of today trading are as follows

1- All the Indices closed in Red except CNX ENERGY.

2- Closing near the lowest of the day after goor selling.

3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.97

Total Options Put Call Ratio: 0.92

Nifty P/E Ratio(16-Jan-2013): 18.02

Advances & Declines

BSE Advances :   905 

BSE Declines : 2,069  

NSE Advances :   420

NSE Declines : 1,352  

Nifty Open Interest Changed Today

Nifty- 5700 CE(Jan)- -600(-0.09%)

Nifty- 5700 PE(Jan)-  284,150(5.82%)

Nifty- 5800 CE(Jan)- -2,600(-0.28%)

Nifty- 5800 PE(Jan)-  105,900(1.44%)

Nifty- 5900 CE(Jan)- 99,900(6.23%)

Nifty- 5900 PE(Jan)- -60,800(-0.74%)

Nifty- 6000 CE(Jan)- 568,800(14.31%)

Nifty- 6000 PE(Jan)- -684,650(-9.79%)

Closing 

Sensex- closed at 19,817.63(-169.19 Points & -0.85%)

Nifty- closed at 8,567.05(-117.20 Points & -1.35%)

CNX Midcap - closed at 8,567.05(-117.20 Points & -1.35%)

CNX Smallcap- closed at 3,788.90(-59.20 Points & -1.54%)

Nifty Spot-Levels & Trading Strategy for 17-01-2013

Nifty Spot-Levels

R3 6103
R2 6079
R1 6040
Avg 6016
S1 5977
S2 5953
S3 5914

Nifty Spot-Trading Strategy

H6 6064     Trgt 2
H5 6049     Trgt 1
H4 6035     Long breakout
H3 6018     Go Short
H2 6012
H1 6006
L1 5995
L2 5989
L3 5983     Long
L4 5966     Short Breakout
L5 5952     Trgt 1
L6 5937     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 17-01-2013

Nifty(Jan Fut)-Levels

R3 6123

R2 6099

R1 6059

Avg 6035

S1 5995

S2 5971

S3 5931

Nifty(Jan Fut)-Trading Strategy

H6 6083     Trgt 2 

H5 6068     Trgt 1

H4 6054     Long breakout 

H3 6036     Go Short 

H2 6030

H1 6024

L1 6013

L2 6007

L3 6001     Long 

L4 5983     Short Breakout 

L5 5969     Trgt 1 

L6 5954     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 17-01-2013

Bank Nifty(Jan Fut)-Levels

R3 13074

R2 12984

R1 12831

Avg 12741

S1 12588

S2 12498

S3 12345

Bank Nifty(Jan Fut)-Trading Strategy

H6 12921    Trgt 2 

H5 12866     Trgt 1

H4 12811     Long breakout 

H3 12744     Go Short 

H2 12722

H1 12700

L1 12655

L2 12633

L3 12611     Long 

L4 12544     Short Breakout 

L5 12489     Trgt 1 

L6 12434     Trgt 2

Live Proofs of our 100% Accurate Indian Stock Markets predictions

1- Told at 11:122 AM-"Intraday charts are showing intraday selling patterns between 6050-6055 today"
2- Told at 12:11 PM-"Confirm intraday selling between 6050-6055 today"
3- Told at 12:40 PM-"Lower top formation at 6041 with minor intraday selling between 6035-6041 and emergence of more down moves possibility toward 6019 and below"
4- Told at 02:42 PM-"As last more than 2 hours trading is showing intraday selling patterns again therefore more down moves are expected below 6019"

Nifty is now trading at 5994

Live Proofs of our Accurate Levels and Indian Stock Markets predictions

Pre-Closing Outlook(16-01-2013)

Although today lowest of 6018.85 was formed at 01:12 AM today but we told about it today 4 times:-

1- Told at 12:40 PM-"down moves possibility toward 6019 and below"
2- Told at 12:11 PM-" Consolidation seen between 6019-6033 yesterday and more intraday selling is required for slipping below 6019 and sustaining beyond 6019-6033 should be firstly watched now"
3- Told at 11:22 AM-"firstly more down moves are expected within yesterday trading range(6019-6068)"
4- Told at 07:52 AM-"Nifty will firstly trade between yesterday range(6019-6068)"

How we are 100% accurate

1- We told for down moves possibility toward 6019 and below and Nifty reversed from 6018.85
2- We told for today trading between 6019-6068 and Nifty traded between 6018.85-6055.95
3- We told for support between 6019-6033 and Nifty is trading between 6019-6034 for the last more than 2 hours

As last more than 2 hours trading is showing intraday selling patterns again therefore more down moves are expected below 6019

Mid-session Outlook-2(16-01-2013)

Lower top formation at 6041 with minor intraday selling between 6035-6041 and emergence of more down moves possibility toward 6019 and below.

Mid-session Outlook(16-01-2013)

This fact should be kept in mind that only skirmish will be seen and no possibility of any big war between India and Pakistan as well as expected that things will be normal within 2/3 weeks but sentiment turns weak and market reacts in very Short Term. As mounting of tension on Indo-Pak Border again today therefore cautious view was updated in Pre-open Outlook today and yesterday range(6019-6068) was given for next moves confirmations,

Confirm intraday selling between 6050-6055 today but Consolidation seen between 6019-6033 yesterday and more intraday selling is required for slipping below 6019 and sustaining beyond 6019-6033 should be firstly watched now for:-

1- Rentering into previous 9 sessions range(5950-6026) below 6019 after follow up selling or
2- Rally continuation above 6055/6068 after follow up consolidations.

Post-open Outlook(16-01-2013)

As cooling down of rate cut expectations later this month after RBI Governor Subbarao statement that inflation still high therefore Banknifty is more than .50% down and sentiment is also depressed due escalation of firing on Indo-Pak Border resultant weak Indian markets today. Intraday charts are showing intraday selling patterns between 6050-6055 today therefore firstly more down moves are expected within yesterday trading range(6019-6068).

Pre-open Outlook(16-01-2013)

Although some Asian markets are positive but both major Indices(Nikkei and Hang Sang) are in Red as well as Nikkei is more than 1.75% down therefore sentiment is weak today morning and negative opening will be seen in Indian markets. Although good recovery seen from lower levels yesterday but intraday selling and mixed patterns were also seen therefore follow up consolidation is required for decisive up moves above yesterday high.

As per our view some stream is still left and more up moves are also expected in the coming sessions but view is cautious today because fresh cross Border firing news from Indo-Pak Border. Nifty will firstly trade between yesterday range(6019-6068) and prepare for next moves,follow up moves and its valid break out will also be watched.

Technical Analysis and Market Outlook(16-01-2013)

Nifty-Intra Day Chart (15-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 6019-6033
2- Selling patterns between 6035-6039
3- Mixed Patterns between 60346-6068
4- Whole day actual trading between 6019-6068

Conclusions from intra day chart analysis 

Although lower levels consolidations patterns between 6019-6033 but just above selling patterns also seen between 6035-6039 during almost first 5 hours. As market consolidate also at higher levels in Bull markets therefore sharp surge after 02:00 PM and rest more than 1 hour trading with mixed patterns between 60346-6068.

The abstract sums up of today trading is rally continuation despite mixed intraday patterns and it is very much common also in Bullish rallies. Following 2 targets were updated in Market Cautious after Indo-Pak Cross Border Firing on 13-01-2013:-

1- Sub Wave-5 of Wave-3 minimum and maximum targets are between 6031-6331.
2- Sub Wave-3 of Sub Wave-5 is on and its minimum target is 6239.95.

It must be kept in mind that on going Sub Wave-5 which started from 5548.35 on 20-11-2012 is showing Negative Divergence and expected that whole up move of this wave will be corrected after reversal of on going rally.(its detailed analysis has alrready been updated in above mentioned topic).

Although Wave-3 correction will start between 6031-6331 but before that complete selling patterns are required in intraday and minimum on Daily charts,until that will not happen till then any big correction will not be considered. As no such development yet therefore rally continuation will be seen in the coming sessions but with intraday to very short term corrections also. 

FII Trading Data in Derivatives Segment on 15-Jan-2013

FII & DII trading activity in Capital Market Segment on 15-Jan-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 15-Jan-2013 3565.73 2488.18 1077.55

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 15-Jan-2013 1339.33 2095.17 -755.84

Indian Stock Markets Closing Reports(15-Jan-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Green but CNX Smallcap closed in Red.
2- Market surged after 4 hours sideways moves.
3- White Candle formation.

Ratios

Index Options Put Call Ratio:  0.95
Total Options Put Call Ratio:  0.89
Nifty P/E Ratio(15-Jan-2013): 18.15

Advances & Declines

BSE Advances : 1,342
BSE Declines : 1,550
NSE Advances :   706
NSE Declines :   728

Nifty Open Interest Changed Today

Nifty- 5800 CE(Jan)- -9,550(-1.01%)
Nifty- 5800 PE(Jan)- 322,550(4.43%)

Nifty- 5900 CE(Jan)- -376,200(-18.46%)
Nifty- 5900 PE(Jan)-  250,000(3.07%)

Nifty- 6000 CE(Jan)- -102,850(-2.38%)
Nifty- 6000 PE(Jan)-  1,451,550(25.78%)

Nifty- 6100 CE(Jan)- -275,450(-4.53%)
Nifty- 6100 PE(Jan)-  118,700(5.58%)

Closing 

Sensex- closed at 19,986.82(80.41 Points & 0.40%)
Nifty- closed at 6,056.60(32.55 Points & 0.54%)
CNX Midcap - closed at 8,684.25(19.70 Points & 0.23%)
CNX Smallcap- closed at 3,848.10(-6.80 Points & -0.18%)

Nifty Spot-Levels & Trading Strategy for 16-01-2013

Nifty Spot-Levels

R3 6126
R2 6097
R1 6076
Avg 6047
S1 6026
S2 5997
S3 5976

Nifty Spot-Trading Strategy

H6 6106     Trgt 2
H5 6094     Trgt 1
H4 6083     Long breakout
H3 6069     Go Short
H2 6065
H1 6060
L1 6051
L2 6046
L3 6042     Long
L4 6028     Short Breakout
L5 6017     Trgt 1
L6 6005     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 16-01-2013

Nifty(Jan Fut)-Levels

R3 6166
R2 6131
R1 6106
Avg 6071
S1 6046
S2 6011
S3 5986

Nifty(Jan Fut)-Trading Strategy

H6 6141     Trgt 2
H5 6127     Trgt 1
H4 6114     Long breakout
H3 6097     Go Short
H2 6092
H1 6086
L1 6075
L2 6070
L3 6064     Long
L4 6048     Short Breakout
L5 6034     Trgt 1
L6 6020     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 16-01-2013

Bank Nifty(Jan Fut)-Levels

R3 13205
R2 13090
R1 13000
Avg 12885
S1 12795
S2 12680
S3 12590

Bank Nifty(Jan Fut)-Trading Strategy

H6 13117     Trgt 2
H5 13070     Trgt 1
H4 13022     Long breakout
H3 12966     Go Short
H2 12947
H1 12928
L1 12891
L2 12872
L3 12853     Long
L4 12797     Short Breakout
L5 12750     Trgt 1
L6 12702     Trgt 2

Pre-Closing Outlook(15-01-2013)

Following line was told yesterday in Valid Break Out Confirmation is Must after 2 Sessions High Volatility

1- today started up moves continuation is expected in the coming session.
2- expectation turned alive for up moves towards its minimum target at 6239.95(as per Elliot Wave theory).

Rally continuation today after lower levels consolidations as well as last 9 sessions range break out. Complete selling patterns are required in intraday and minimum on Daily charts for any down trend,until that will not happen till then any big correction will not be considered.

Mid-session Outlook(15-01-2013)

As some profit booking immediately after opening therefore Nifty slipped into Red zone after more than 3 hours positive zone trading and consolidated between 6020-6034. Last 9 sessions range break out confirmation after today intraday consolidation near about 6026 and rally continuation towards minimum target at 6239.95(as per Elliot Wave theory).

Post-open Outlook-2(15-01-2013)

Although continuous up moves after low formation at 6025 but without required force therefore emergence of profit booking possibility and confirmation through sustaining above 5026 is must.

Post-open Outlook(15-01-2013)

Immediate slipping after minor gap up opening because weakness in most Asian markets and follow up buying/selling today will decide the fate of of last 9 sessions actual trading range break out above 6026. As more than 5 hours consolidation between 5979-6007 yesterday therefore this range is first support and complete selling is required for its breaking down. As yesterday up moves were due to positive news flow during trading hours also therefore confirmation through sustaining above 5026 is must for strong rally towards minimum target at 6239.95(as per Elliot Wave theory).