Pre-Closing Outlook(23-01-2013)

Live Proofs of Our Accuracy

Following line was told at 08:15 AM today in Technical Analysis and Market Outlook(23-01-2013):-

"Expected that Nifty will firstly trade and prepare for next moves between 6020-6068"

Firstly just watch the accuracy of our levels that Nifty traded between 6021.15-6069.80 today

Short term correction was expected and it was seen also but as soon as we saw consolidation from last 1 hour intraday charts then we cover our all shorting positions,its live proof is that we posted our Put Option covering message at  02:48 PM

We covered NIFTY-Jan Put Option(6000) at Rs 28/- and that is now trading at Rs 16/-

6020 Was told many times today and Nifty reversed from 6021.15 and it is Short term correction completion strong indication.

NIFTY-Jan Put Option(6000)-Bought on 18-01-2013-Covering

NIFTY-Put Option(6000)-Positional Bought on 18-01-2013-Cover immediately(Nifty moved down 50 points after our call but premium not increased)-CMP-28(Lalit39)

Mid-session Outlook-2(23-01-2013)

Although sharp fall at 01:13 PM but when Indian markets were trading near higher levels then we told following line at 11:30 AM today:-

Emergence of selling formations

That Short Term correction is being seen about which we are continuously telling for the last 3 days and its continuation is expected as well.

Mid-session Outlook(23-01-2013)

Emergence of selling formations and confirmation are also required through trading ranges valid break out which have already been updated in previous Outlook.

Post-open Outlook(23-01-2013)

As last 2 hours fall of yesterday did not showed required force therefore follow up selling and valid break down of 6020 should be firstly watched for next down moves confirmations. Good selling between 6068-6100 in previous 3 sessions and complete consolidation is required within and below this range foe a decisive up move above 6100. Although most Asian markets are in Red but Indian markets are positive between 6057-6069 since opening today and it is first signal of strength. Indian markets are preparing for next trend within this range and valid break out of this range will be next moves 1st indication.

We never guess and whatsoever charts suggest,we update according to intraday charts formations . As no confirmation yet after small slipping from intraday higher levels and minor support also seen at lower level therefore valid break out should be firstly watched:-

1- 6057-6069(For next moves first indication)
2- 6020-6100(For deeper correction or rally continuation after short term correction completion}

Let market prepare and intraday start to show built in technical positions then will be updated accordingly.

Technical Analysis and Market Outlook(23-01-2013)

Nifty-Intra Day Chart (22-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1-First 3 hours selling between 6085-6100
2- Whole day actual trading between 6043-6100 

Conclusions from intra day chart analysis 

Although Indian markets up on 18 Jan and 19 Jan but on the back of positive news flow and intraday charts also showed selling patterns therefore we told following lines:-

1-On 20-01-2013 in Down Moves after Positive Weekly Opening:-

1-"As above expectations RIL Quarterly results declaration after trading hours on 18-01-2013 therefore positive opening will be seen on 21-01-2013 but expected that Nifty will not sustain at higher levels"

Although low formation at 6040.50 on 22-01-2013 but it was predicted well before and told following lines on 21-01-2013 in "Short Term correction on Cards":-

1- Nifty will not sustain above 6068
2- will slip below 6048 in the coming sessions.
3- Short Term correction will be seen within 2/3 sessions.

Down moves started after 12:30 PM on 22-01-2013 but when Indian markets were trading near the higher levels then selling was clearly told at 11:51: AM in Mid-session Outlook(22-01-2013):-

1- intraday charts are also selling patterns
2- selling signals in last more than 1 hour trading

Confirm and good selling between 6068-6100 in previous 3 sessions and complete cosolidation is required for any decisive up moves above 6100 and follow up selling will mean sharp fall toward 5960.

Expected that Nifty will firstly trade and prepare for next moves between 6020-6068 and break out of this range will give confirmation to deeper correction or yesterday started correction completion.

FII & DII trading activity in Capital Market Segment on 22-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 22-Jan-2013 3514.55 2468.15 1046.4

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Jan-2013 1002.79 1858.14 -855.35

FII Trading Data in Derivatives Segment on 22-Jan-2013

Nifty Spot-Levels & Trading Strategy for 23-01-2013

Nifty Spot-Levels

R3 6147

R2 6124

R1 6086

Avg 6063

S1 6025

S2 6002

S3 5964

Nifty Spot-Trading Strategy

H6 6109     Trgt 2 

H5 6095     Trgt 1

H4 6081     Long breakout 

H3 6064     Go Short 

H2 6059

H1 6053

L1 6042

L2 6036

L3 6031     Long 

L4 6014     Short Breakout 

L5 6000     Trgt 1 

L6 5986     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 23-01-2013

Nifty(Jan Fut)-Levels

R3 6150

R2 6129

R1 6095

Avg 6074

S1 6040

S2 6019

S3 5985

Nifty(Jan Fut)-Trading Strategy

H6 6116     Trgt 2 

H5 6103     Trgt 1

H4 6091     Long breakout 

H3 6076     Go Short 

H2 6071

H1 6066

L1 6055

L2 6050

L3 6045     Long 

L4 6030     Short Breakout 

L5 6018     Trgt 1 

L6 6005     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 23-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12975

R2 12886

R1 12745

Avg 12656

S1 12515

S2 12426

S3 12285

Bank Nifty(Jan Fut)-Trading Strategy

H6 12834     Trgt 2 

H5 12782     Trgt 1

H4 12730     Long breakout 

H3 12667     Go Short 

H2 12646

H1 12625

L1 12582

L2 12561

L3 12540     Long 

L4 12477     Short Breakout 

L5 12425     Trgt 1 

L6 12373     Trgt 2

Pre-Closing Outlook(22-01-2013)

When Indian markets were trading near the higher levels today then we told following lines today in Mid-session Outlook:-

1- intraday charts are also selling patterns
2- selling signals in last more than 1 hour trading

Nifty traded at 6043 today and proved accuracy of our prediction yesterday in Short Term correction on Cards:-

1- Nifty will not sustain above 6068
2- will slip below 6048 in the coming sessions.
3- Short Term correction will be seen within 2/3 sessions.

Short Term correction is on and its continuation is expected.

Mid-session Outlook(22-01-2013)

Indicators are showing negative divergence on Daily Charts and without force up moves as well as intraday charts are also selling patterns therefore seems that market is near its top and sharp down moves will be seen after breaking down. Although up moves but not on the back of consolidations and due to positive news flow therefore as per our views distribution is going on and minimum Short Term Correction is expected.

As most Asian markets moved up from lower levels therefore Indian markets also marginally up after flat opening. 22 points trading today between 5979-6001 with selling signals in last more than 1 hour trading. Valid break out of mentioned today trading range should be firstly watched for next immediate moves confirmations.

NIFTY-Jan Put Option(6000)-Bought on 18-01-2013-Message

NIFTY-Jan Put Option(6000)-Positional Bought on 18-01-2013-Hold and just wait for covering message.Selling therefore small up after RIL good results(Lalit39)

FII Trading Data in Derivatives Segment on 21-Jan-2013

Short Term correction on Cards

Nifty-Intra Day Chart (Jan 18 to Jan 21,2013)

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 6068-6082 on 18-01-2013
2- Selling between 6072-6082 on 21-01-2013
3- Selling between 6082-6092 on 21-01-2013
4- 2 Sessions actual trading between 6048-6092 

Conclusions from 2 Sessions intra day chart analysis 

Although last more than 1 hour trading near the highs of the day and near the highs of ongoing rally as well but it does not mean that it is supported by lower levels consolidations but last 2 sessions trading is under heated sentiments, firstly due to Strong Asian markets last Friday and today because of good RIL results.

As intraday selling formations seen if last 2 sessions therefore expected that Nifty will not sustain above 6068 and will slip below 6048 in the coming sessions. As per our views selling is continued on the back of positive news flows and let distribution complete then Short Term correction will be seen within 2/3 sessions.

FII & DII trading activity in Capital Market Segment on 21-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 21-Jan-2013 3434.62 2591.66 842.96

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Jan-2013 1014.43 1904.6 -890.17

Indian Stock Markets Closing Reports(21-Jan-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Positive closing after volatile market.
3- Doji Candle formation.

Ratios

Index Options Put Call Ratio: 1.12
Total Options Put Call Ratio: 1.01
Nifty P/E Ratio(21-Jan-2013): 18.34

Advances & Declines

BSE Advances : 1,342
BSE Declines : 1,569
NSE Advances :   668
NSE Declines :   789

Nifty Open Interest Changed Today

Nifty- 5700 CE(Jan)- -12,050(-1.85%)
Nifty- 5700 PE(Jan)- -153,750(-3.41%)

Nifty- 5800 CE(Jan)- -22,150(-2.44%)
Nifty- 5800 PE(Jan)-  358,650(4.62%)

Nifty- 5900 CE(Jan)- -111,800(-7.47%)
Nifty- 5900 PE(Jan)-  101,350(1.21%)

Nifty- 6000 CE(Jan)- -316,050(-7.84%)
Nifty- 6000 PE(Jan)-  1,119,800(14.04%)

Nifty- 6100 CE(Jan)-  462,600(7.58%)
Nifty- 6100 PE(Jan)-  1,286,100(54.43%)

Closing 

Sensex- closed at 20,101.82(62.78 Points & 0.31%)
Nifty- closed at 6,082.30(17.90 Points & 0.30%)
CNX Midcap - closed at 8,601.10(9.75 Points & 0.11%)
CNX Smallcap- closed at 3,800.50(16.85 Points & 0.45%)

Nifty Spot-Levels & Trading Strategy for 22-01-2013

Nifty Spot-Levels

R3 6124

R2 6109

R1 6095

Avg 6080

S1 6066

S2 6051

S3 6037

Nifty Spot-Trading Strategy

H6 6111     Trgt 2 

H5 6104     Trgt 1

H4 6097     Long breakout 

H3 6089     Go Short 

H2 6087

H1 6084

L1 6079

L2 6076

L3 6074     Long 

L4 6066     Short Breakout 

L5 6059     Trgt 1 

L6 6052     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 22-01-2013

Nifty(Jan Fut)-Levels

R3 6149

R2 6128

R1 6112

Avg 6091

S1 6075

S2 6054

S3 6038

Nifty(Jan Fut)-Trading Strategy

H6 6133     Trgt 2 

H5 6124     Trgt 1

H4 6116     Long breakout 

H3 6106     Go Short 

H2 6102

H1 6099

L1 6092

L2 6089

L3 6085     Long 

L4 6075     Short Breakout 

L5 6067     Trgt 1 

L6 6058     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 22-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12855

R2 12799

R1 12742

Avg 12686

S1 12629

S2 12573

S3 12516

Bank Nifty(Jan Fut)-Trading Strategy

H6 12799     Trgt 2 

H5 12773     Trgt 1

H4 12748     Long breakout 

H3 12717     Go Short 

H2 12706

H1 12696

L1 12675

L2 12665

L3 12654     Long 

L4 12623     Short Breakout 

L5 12598     Trgt 1 

L6 12572     Trgt 2