ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Indian Stock Markets Closing Reports(01-Feb-2013)
1- Benchmark Indices closed in Red.
2- Closing near the lower levels of the day.
3- Black Candle formation.
Ratios
Index Options Put Call Ratio: 0.99
Total Options Put Call Ratio: 0.94
Nifty P/E Ratio(01-Feb-2013): 18.11
Advances & Declines
BSE Advances : 1,227
BSE Declines : 1,619
NSE Advances : 649
NSE Declines : 865
Nifty Open Interest Changed Today
Nifty- 5700 CE(Feb)- 8,850(2.67%)
Nifty- 5700 PE(Feb)- 1,590,750(54.17%)
Nifty- 5800 CE(Feb)- -60,600(-13.42%)
Nifty- 5800 PE(Feb)- 278,750(8.52%)
Nifty- 5900 CE(Feb)- -128,050(-16.03%)
Nifty- 5900 PE(Feb)- 509,500(18.86%)
Nifty- 6000 CE(Feb)- 411,750(26.43%)
Nifty- 6000 PE(Feb)- 930,600(26.87%)
Nifty- 6100 CE(Feb)- 1,328,250(41.91%)
Nifty- 6100 PE(Feb)- 189,050(9.57%)
Closing
Sensex- closed at 19,781.19(-113.79 Points & -0.57%)
Nifty- closed at 5,998.90(-35.85 Points & -0.59%)
CNX Midcap - closed at 8,357.45(-6.25 Points & -0.07%)
CNX Smallcap- closed at 3,642.80(3.85 Points & 0.11%)
Nifty Spot-Levels & Trading Strategy for 04-02-2013
R3 6108
R2 6080
R1 6039
Avg 6011
S1 5970
S2 5942
S3 5901
Nifty Spot-Trading Strategy
H6 6067 Trgt 2
H5 6051 Trgt 1
H4 6035 Long breakout
H3 6016 Go Short
H2 6010
H1 6004
L1 5991
L2 5985
L3 5979 Long
L4 5960 Short Breakout
L5 5944 Trgt 1
L6 5928 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 04-02-2013
R3 6119
R2 6098
R1 6067
Avg 6046
S1 6015
S2 5994
S3 5963
Nifty(Feb Fut)-Trading Strategy
H6 6088 Trgt 2
H5 6076 Trgt 1
H4 6064 Long breakout
H3 6050 Go Short
H2 6045
H1 6040
L1 6031
L2 6026
L3 6021 Long
L4 6007 Short Breakout
L5 5995 Trgt 1
L6 5983 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 04-02-2013
R3 12937
R2 12873
R1 12778
Avg 12714
S1 12619
S2 12555
S3 12460
Bank Nifty(Feb Fut)-Trading Strategy
H6 12843 Trgt 2
H5 12807 Trgt 1
H4 12771 Long breakout
H3 12727 Go Short
H2 12713
H1 12698
L1 12669
L2 12654
L3 12640 Long
L4 12596 Short Breakout
L5 12560 Trgt 1
L6 12524 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Feb 04 to Feb 08,2013)
R3 6208
R2 6160
R1 6079
Avg 6031
S1 5950
S2 5902
S3 5821
Nifty Spot-Weekly Trading Strategy
H6 6127 Trgt 2
H5 6098 Trgt 1
H4 6068 Long breakout
H3 6033 Go Short
H2 6021
H1 6009
L1 5986
L2 5974
L3 5962 Long
L4 5927 Short Breakout
L5 5897 Trgt 1
L6 5868 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Feb 04 to Feb 08,2013)
R3 13232
R2 13096
R1 12851
Avg 12715
S1 12470
S2 12334
S3 12089
Bank Nifty Spot-Weekly Trading Strategy
H6 12987 Trgt 2
H5 12901 Trgt 1
H4 12815 Long breakout
H3 12710 Go Short
H2 12675
H1 12640
L1 12571
L2 12536
L3 12501 Long
L4 12396 Short Breakout
L5 12310 Trgt 1
L6 12224 Trgt 2
Mid-session Outlook(01-02-2013)
Following projections were done at 10:18 AM today when Indian markets were trading near today intraday higher levels:-
1- down move
2- trading between next support range(6000-6033) possibilities
Nifty is trading between above mentioned range for the last more than 2 hours after slipping from intraday higher levels and more down moves are expected below 6000 in next week.
1- down move
2- trading between next support range(6000-6033) possibilities
Nifty is trading between above mentioned range for the last more than 2 hours after slipping from intraday higher levels and more down moves are expected below 6000 in next week.
Post-open Outlook(01-02-2013)
As selling between 6050-6056 yesterday after good selling above it up to 6100 in previous sessions therefore down moves and trading between next support range(6000-6033) possibilities are alive. Follow up selling today will mean breaking down development possibility of mentioned support range. Lot of resistances above 6050 and complete consolidation is required for any sustained move above 6050/6100.
FII & DII trading activity in Capital Market Segment on 31-Jan-2013
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Indian Stock Markets Closing Reports(31-Jan-2013)
Main features of today trading are as follows
1- Benchmark Indices closed in Red.
2- CNX Midcap and CNX Smallcap closed positive with more than half pct up.
3- Black Candle formation.
Ratios
Index Options Put Call Ratio: 0.99
Total Options Put Call Ratio: 0.94
Nifty P/E Ratio(31-Jan-2013): 18.20
Advances & Declines
BSE Advances : 1,355
BSE Declines : 1,459
NSE Advances : 692
NSE Declines : 812
Nifty Open Interest Changed Today
Nifty- 5700 CE(Feb)- 144,500(77.13%)
Nifty- 5700 PE(Feb)- 1,716,250(140.63%)
Nifty- 5800 CE(Feb)- -48,700(-9.73%)
Nifty- 5800 PE(Feb)- 622,400(23.51%)
Nifty- 5900 CE(Feb)- 10,850(1.38%)
Nifty- 5900 PE(Feb)- 54,250(15.09%)
Nifty- 6000 CE(Feb)- 191,100(13.98%)
Nifty- 6000 PE(Feb)- 460,800(15.35%)
Nifty- 6100 CE(Feb)- 620,550(24.35%)
Nifty- 6100 PE(Feb)- 264,550(15.46%)
Closing
Sensex- closed at 19,894.98(-110.02 Points & -0.55%)
Nifty- closed at 6,034.75(-21.00 Points & -0.35%)
CNX Midcap - closed at 8,363.70(59.80 Points & 0.72%)
CNX Smallcap- closed at 3,638.95(18.80 Points & 0.52%)
Nifty Spot-Levels & Trading Strategy for 01-02-2013
R3 6086
R2 6072
R1 6053
Avg 6039
S1 6020
S2 6006
S3 5987
Nifty Spot-Trading Strategy
H6 6067 Trgt 2
H5 6059 Trgt 1
H4 6052 Long breakout
H3 6043 Go Short
H2 6040
H1 6037
L1 6030
L2 6027
L3 6024 Long
L4 6015 Short Breakout
L5 6008 Trgt 1
L6 6000 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 01-02-2013
R3 6138
R2 6121
R1 6094
Avg 6077
S1 6050
S2 6033
S3 6006
Nifty(Feb Fut)-Trading Strategy
H6 6111 Trgt 2
H5 6101 Trgt 1
H4 6091 Long breakout
H3 6079 Go Short
H2 6075
H1 6071
L1 6062
L2 6058
L3 6054 Long
L4 6042 Short Breakout
L5 6032 Trgt 1
L6 6022 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 01-02-2013
R3 13044
R2 12981
R1 12878
Avg 12815
S1 12712
S2 12649
Bank Nifty(Feb Fut)-Trading Strategy
H6 12941 Trgt 2
H5 12903 Trgt 1
H4 12866 Long breakout
H3 12820 Go Short
H2 12805
H1 12790
L1 12759
L2 12744
L3 12729 Long
L4 12683 Short Breakout
L5 12646 Trgt 1
L6 12608 Trgt 2
Mid-session Outlook(31-01-2013)
We posted only bearish views and Indian markets slipped also from higher levels even after good Credit Policy from RBI and above expectations results from ICICI Bank today but down moves are not sharp and maintaining the status of sideways mode within 6000-6100.
Following line was told yesterday at 09:38 AM in Post-open Outlook(30-01-2013):-
Nifty will trade most time between 6033-6068 and prepare for next moves today"
As was told same happened and Nifty trade most time between 6033-6068 and 2 sessions trading ranges are as follows:-
1- Nifty traded between 6044.15-6071.95 yesterday.
2- Nifty traded between 6,034.90-6,058.05 today(more than 5 hours).
Confirm selling at higher levels today but intraday down moves are without force therefore next support range(6000-6033) break out will be firstly watched tomorrow.
Following line was told yesterday at 09:38 AM in Post-open Outlook(30-01-2013):-
Nifty will trade most time between 6033-6068 and prepare for next moves today"
As was told same happened and Nifty trade most time between 6033-6068 and 2 sessions trading ranges are as follows:-
1- Nifty traded between 6044.15-6071.95 yesterday.
2- Nifty traded between 6,034.90-6,058.05 today(more than 5 hours).
Confirm selling at higher levels today but intraday down moves are without force therefore next support range(6000-6033) break out will be firstly watched tomorrow.
Post-open Outlook(31-01-2013)
Following lines were told on 29-01-2013 in Correction continuation on cards
Follow up selling tomorrow will mean consideration of following possibility also:-
"FOMC Meeting is scheduled on January 29-30 and its results will come out in the mid night of 30 Jan. We don't know what will be its outcome but US markets intraday and daily charts are showing selling formations therefore sharp fall in US markets on 30-01-2013 can not be ruled out which may result sharp down moves in Asian and Indian markets on 31st Jan"
All the Asian markets are in Red today after negative closing in US markets but down moves are not sharp and Nifty is confined between 6000-6100. As both lower levels buying and higher levels selling is being seen for the last 12 sessions and one sided positions are not being built therefore sideways market. No other way but to wait for valid break out of those range which have already been updated in previous Outlook.
Although our view was bearish and markets moved down also but not too much. Let market prepare then next moves with breaking out possibility will be updated according to intraday charts formations.
Follow up selling tomorrow will mean consideration of following possibility also:-
"FOMC Meeting is scheduled on January 29-30 and its results will come out in the mid night of 30 Jan. We don't know what will be its outcome but US markets intraday and daily charts are showing selling formations therefore sharp fall in US markets on 30-01-2013 can not be ruled out which may result sharp down moves in Asian and Indian markets on 31st Jan"
All the Asian markets are in Red today after negative closing in US markets but down moves are not sharp and Nifty is confined between 6000-6100. As both lower levels buying and higher levels selling is being seen for the last 12 sessions and one sided positions are not being built therefore sideways market. No other way but to wait for valid break out of those range which have already been updated in previous Outlook.
Although our view was bearish and markets moved down also but not too much. Let market prepare then next moves with breaking out possibility will be updated according to intraday charts formations.
Technical Analysis and Market Outlook(31-01-2013)
Nifty-Intra Day Chart (30-Jan-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6062-6070
2- Support between 6044-6052
3- Whole day actual trading between 6044-6070
As good global cues led Green opening and positive zone trading therefore following trading range with technical reasons was given at 09:38 AM in Post-open Outlook(30-01-2013):-
"Next resistances are between 6068-6110 and supports are between 6000-6033 and expected that Nifty will trade most time between 6033-6068 and prepare for next moves today"
Nifty traded whole day between 6044-6070 with lower levels supports and higher levels selling therefore mixed intraday patterns formations today.
As Bearish patterns formation in EOD charts and indicators are also showing negative divergence therefore deeper correction possibility is very much alive. Both higher levels resistances and lower levels supports in last 12 sessions between 6000-6100 and Nifty again traded within this range with intraday mixed patterns today therefore Nifty will firstly trade between 6000-6100 and prepare for next moves tomorrow.
Sideways market(6000-6100) and it will take its own time for next moves preparation,no other way but only to wait for its valid break out and follow up one sided moves in the coming sessions will decide its time frame. Following ranges valid break out should be firstly watched:-
1- For next moves first indication- 6033-6068
2- For next moves final confirmation- 6000-6100
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| Just click on chart for its enlarged view |
1- Selling between 6062-6070
2- Support between 6044-6052
3- Whole day actual trading between 6044-6070
Conclusions from intra day chart analysis
As good global cues led Green opening and positive zone trading therefore following trading range with technical reasons was given at 09:38 AM in Post-open Outlook(30-01-2013):-
"Next resistances are between 6068-6110 and supports are between 6000-6033 and expected that Nifty will trade most time between 6033-6068 and prepare for next moves today"
Nifty traded whole day between 6044-6070 with lower levels supports and higher levels selling therefore mixed intraday patterns formations today.
As Bearish patterns formation in EOD charts and indicators are also showing negative divergence therefore deeper correction possibility is very much alive. Both higher levels resistances and lower levels supports in last 12 sessions between 6000-6100 and Nifty again traded within this range with intraday mixed patterns today therefore Nifty will firstly trade between 6000-6100 and prepare for next moves tomorrow.
Sideways market(6000-6100) and it will take its own time for next moves preparation,no other way but only to wait for its valid break out and follow up one sided moves in the coming sessions will decide its time frame. Following ranges valid break out should be firstly watched:-
1- For next moves first indication- 6033-6068
2- For next moves final confirmation- 6000-6100
FII & DII trading activity in Capital Market Segment on 30-Jan-2013
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