Nifty Spot-Levels & Trading Strategy for 18-01-2013

Nifty Spot-Levels

R3 6130

R2 6091

R1 6065

Avg 6026

S1 6000

S2 5961

S3 5935

Nifty Spot-Trading Strategy

H6 6104     Trgt 2 

H5 6089     Trgt 1

H4 6074     Long breakout 

H3 6056     Go Short 

H2 6050

H1 6044

L1 6033

L2 6027

L3 6021     Long 

L4 6003     Short Breakout 

L5 5988     Trgt 1 

L6 5973     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 18-01-2013

Nifty(Jan Fut)-Levels

R3 6156

R2 6114

R1 6084

Avg 6042

S1 6012

S2 5970

S3 5940

Nifty(Jan Fut)-Trading Strategy

H6  6126    Trgt 2 

H5  6110    Trgt 1

H4  6093    Long breakout 

H3  6073    Go Short 

H2  6067

H1  6060

L1  6047

L2  6040

L3  6034    Long 

L4  6014    Short Breakout 

L5  5997    Trgt 1 

L6  5981    Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 18-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12931

R2 12853

R1 12771

Avg 12693

S1 12611

S2 12533

S3 12451

Bank Nifty(Jan Fut)-Trading Strategy

H6 12850     Trgt 2 

H5 12814     Trgt 1

H4 12778     Long breakout 

H3 12734     Go Short 

H2 12719

H1 12704

L1 12675

L2 12660

L3 12646     Long 

L4 12602     Short Breakout 

L5 12565     Trgt 1 

L6 12529     Trgt 2

Pre-Closing Outlook(17-01-2013)

Indian market gave positive indication through outperforming Global cues and it was updated also at 10:17 AM today. First 4 hours trading between 6001-6031 with consolidation between 6001-6017 today. As 6031 Broken out after Fuel relating positive announcements and after that up moves are positive news generated therefore firstly confirmation is required through sustaining above 6031.

Now Nifty is trading between next resistance range(6030-3065) therefore complete consolidation is required for break out above 6065 but positive news generated short covering by general traders also can not be ruled out within this range.

Valid break out of 6030-3065 is most crucial now for next immediate moves confirmations therefore should be firstly watched.

Mid-session Outlook(17-01-2013)

The Cabinet Committee on Economic Affairs (CCEA) did not hiked Fuel price today and partial deregulation of Diesel decided therefore Indian markets soared. Indian markets gave positive indications immediately after opening and economy favouring decision gave up moves trigger.

As intraday charts are showing consolidation between 6001-6017 today therefore this range will give support but good selling between 6030-3065 yesterday therefore more follow up consolidation is required for next rally above 6065. Nifty traded first 4 hours between 6001-6031 today and firstly sustaining above 6031 should be watched for next rally confirmation because today last half hour up moves are positive news reaction also.

Post-open Outlook(17-01-2013)

Although all the Asian markets are in Red and some are sufficiently down also as well as Dow's Futures is also 35 points down but Indian markets outperformed and .20 up today. It is first positive indication and follow up consolidation is must after good selling yesterday.. Quiet market is expected if big fall is not seen in Global markets.

Let market prepare and intraday  charts form patterns then next expected moves will be updated accordingly,as if now we can say only positive indications development today and also possible that Indian markets will firstly prepare for next moves between 5970-6030.

11 Sessions range trapped market & Big Trend Ahead

Nifty-Intra Day Chart (16-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6050-6055 
2- Selling between 6030-6048
3- Sharp down moves in last 40 minutes.
3- Whole day actual trading between 5992-6055.

Conclusions from intra day chart analysis 

9 Sessions sideways trading between 5950-6026 from 02-01-2013 to 14-01-2013 and its break out was seen yesterday but Nifty again slipped into this range after higher levels good selling and closing within this range at 6001.85 today. Now actual trading range has changed after good selling today and valid break out of following range will decide next trend:-

5950-6065

Now we are reproducing all those most crucial technical views which have already been updated  in previous 4 days:-

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.

As Sub Wave-5 of Wave-3 has achieved its minimum target after trading above 6031 and made a top of 6068.50 on 15-01-2013 after gaining 1298.15 points therefore its correction beginning possibility after mentioned Wave completion at 6068.50 can not be ruled out. Whenever correction will start then will be deep because market will correct whole 1298.15 points or may be more also if correction starts after making new top formation above 6068.50 

It should be kept in mind that on going Sub Wave-5 which started from 5548.35 on 20-11-2012 is showing Negative Divergence and lacking required force also therefore expected that whole up move of this wave will also be corrected after reversal of on going rally. its detailed analysis has already been updated in following topic on 13-01-2013:-

Market Cautious after Indo-Pak Cross Border Firing

Following lines were told yesterday in Technical Analysis and Market Outlook(16-01-2013)

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. 

As weakness perceived therefore down moves possibilities with technical positions were also updated in all intraday Outlooks and following lines were told:-


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"

Conclusions (After Putting All Studies Together)

As per our view above mentioned major correction will be seen after Union Budget-2013 and till then slow up moves toward 6331 are possible. Although Sub Wave-5 of Wave-3 has achived its minimum target after trading above 6031 but top of the rally has not got confirmation yet and it may be above present top(6068.50) also. As Nifty reentered into 9 Sessions sideways trading range(now changed to 5950-6065) therefore its valid break out should be firstly watched for following conclusions:-

1- Below 5950 will mean above mentioned complete correction of whole 1298.15 points.
2- Above 6055 will mean up moves toward 6331 and then firstly selling patterns formations are must on intraday and daily charts and after that complete correction of Sub Wave-5 of Wave-3 gaining points will be seen. 

Tomorrow Outlook

11 Sessions trading trapped between 5950-6065 and news based high volatility last 4 sessions within it. Expected that Nifty will remain range bound within this range in the coming sessions and prepare for next big trend. Immediate supports and resistances between this range are as follows:-

1- Supports- 5970-6000
2- Resistances- 6030-6065

Nifty will firstly trade between 5970-6030 in the coming sessions and prepare for next moves tomorrow . Let market prepare then next moves will be updated in Mid Sessions Outlooks according to intraday charts patterns formations.

FII & DII trading activity in Capital Market Segment on 16-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 16-Jan-2013 3496.14 2466.64 1029.5

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Jan-2013 1095.85 1787.61 -691.76

FII Trading Data in Derivatives Segment on 16-Jan-2013

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