NIFTY-Feb Put Option(5900)-Positional Bought on 04-02-2013-Global markets are down.Hold and cover after my covering message(Lalit39)
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Correction after 14 Sessions range broken down Confirmation
Nifty-Intra Day Chart (04-Feb-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6015-6032
3- Whole day actual trading between 5982-6032
As intraday selling today therefore following lines were told in Mid-session Outlooks today:-
1- At 11:39 AM in Mid-session Outlook:-"intraday selling confirmation at higher levels today"
2- At 01:31 PM in Mid-session Outlook-3:-"more down moves confirmations below 6000 and possibility of 5950 as well"
2- At 03:22 PM in Pre-Closing Outlook:-"high possibility of more down moves toward next supports near 5950"
14 Previous sessions actual trading between 5989-6111 with good selling between 6050-6111 and again follow up selling today between previous support range(5989-6033) therefore supports weakened and broken down as well. As 14 sessions range broken down after selling between support range therefore expected that deeper correction will be seen and following supports may also be tested in the coming sessions:-
1- 5941
2- 5823
Sub-Wave-5 started from 5548 and completed at 6111 therefore its following Fibonacci retracement levels testing possibility should also be kept in mind:-
38.2%- 5895
50.0%- 5829
61.8%- 5763
Expected Picture of on going correction
Sub-Wave-3 of Sub-Wave-5 correction was expected and will be seen also in the coming sessions but strong supports are just above 5548 therefore will not be easily broken and expected that on going correction will complete near about above mentioned levels. As supports(5823)are lying near 50 %(5829) retracement levels therefore correction completion and up moves beginning from near about these levels will be considered if intraday charts will start to show consolidations there. Some up moves after on going correction completion and finally much deeper correction beginning is expected near about Union Budget-2013 from 6111/6239//6331.
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| Just click on chart for its enlarged view |
1- Selling between 6015-6032
3- Whole day actual trading between 5982-6032
Conclusions from intra day chart analysis
As intraday selling today therefore following lines were told in Mid-session Outlooks today:-
1- At 11:39 AM in Mid-session Outlook:-"intraday selling confirmation at higher levels today"
2- At 01:31 PM in Mid-session Outlook-3:-"more down moves confirmations below 6000 and possibility of 5950 as well"
2- At 03:22 PM in Pre-Closing Outlook:-"high possibility of more down moves toward next supports near 5950"
14 Previous sessions actual trading between 5989-6111 with good selling between 6050-6111 and again follow up selling today between previous support range(5989-6033) therefore supports weakened and broken down as well. As 14 sessions range broken down after selling between support range therefore expected that deeper correction will be seen and following supports may also be tested in the coming sessions:-
1- 5941
2- 5823
Sub-Wave-5 started from 5548 and completed at 6111 therefore its following Fibonacci retracement levels testing possibility should also be kept in mind:-
38.2%- 5895
50.0%- 5829
61.8%- 5763
Expected Picture of on going correction
Sub-Wave-3 of Sub-Wave-5 correction was expected and will be seen also in the coming sessions but strong supports are just above 5548 therefore will not be easily broken and expected that on going correction will complete near about above mentioned levels. As supports(5823)are lying near 50 %(5829) retracement levels therefore correction completion and up moves beginning from near about these levels will be considered if intraday charts will start to show consolidations there. Some up moves after on going correction completion and finally much deeper correction beginning is expected near about Union Budget-2013 from 6111/6239//6331.
FII & DII trading activity in Capital Market Segment on 04-Feb-2013
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Indian Stock Markets Closing Reports(04-Feb-2013)
1- Benchmark Indices closed in Red.
2- Down moves after good selling.
3- Black Candle formation.
Ratios
Index Options Put Call Ratio: 0.86
Total Options Put Call Ratio: 0.82
Nifty P/E Ratio(04-Feb-2013): 18.00
Advances & Declines
BSE Advances : 1,178
BSE Declines : 1,712
NSE Advances : 538
NSE Declines : 973
Nifty Open Interest Changed Today
Nifty- 5700 CE(Feb)- -5,400(-1.58%)
Nifty- 5700 PE(Feb)- 82,150(1.81%)
Nifty- 5800 CE(Feb)- 33,800(8.64%)
Nifty- 5800 PE(Feb)- 644,350(18.16%)
Nifty- 5900 CE(Feb)- 94,000(14.01%)
Nifty- 5900 PE(Feb)- 951,200(29.62%)
Nifty- 6000 CE(Feb)- 1,036,450(52.62%)
Nifty- 6000 PE(Feb)- 356,750(8.12%)
Nifty- 6100 CE(Feb)- 805,100(17.90%)
Nifty- 6100 PE(Feb)- -157,200(-7.26%)
Closing
Sensex- closed at 19,751.19(-30.00 Points & -0.15%)
Nifty- closed at 5,987.25(-11.65 Points & -0.19%)
CNX Midcap - closed at 8,287.35(-70.10 Points & -0.84%)
CNX Smallcap- closed at 3,603.25(-39.55 Points & -1.09%)
Nifty Spot-Levels & Trading Strategy for 05-02-2013
R3 6080
R2 6059
R1 6023
Avg 6002
S1 5966
S2 5945
S3 5909
Nifty Spot-Trading Strategy
H6 6044 Trgt 2
H5 6031 Trgt 1
H4 6018 Long breakout
H3 6002 Go Short
H2 5997
H1 5992
L1 5981
L2 5976
L3 5971 Long
L4 5955 Short Breakout
L5 5942 Trgt 1
L6 5929 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 05-02-2013
R3 6115
R2 6089
R1 6042
Avg 6016
S1 5969
S2 5943
S3 5896
Nifty(Feb Fut)-Trading Strategy
H6 6069 Trgt 2
H5 6052 Trgt 1
H4 6036 Long breakout
H3 6016 Go Short
H2 6009
H1 6002
L1 5989
L2 5982
L3 5975 Long
L4 5955 Short Breakout
L5 5939 Trgt 1
L6 5922 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 05-02-2013
R3 12923
R2 12844
R1 12714
Avg 12635
S1 12505
S2 12426
S3 12296
Bank Nifty(Feb Fut)-Trading Strategy
H6 12793 Trgt 2
H5 12746 Trgt 1
H4 12698 Long breakout
H3 12641 Go Short
H2 12622
H1 12603
L1 12564
L2 12545
L3 12526 Long
L4 12469 Short Breakout
L5 12421 Trgt 1
L6 12374 Trgt 2
NIFTY-Feb Put Option-Buying Trade
NIFTY-Feb Put Option(5900)-Buy-Positional-SL-24-TGT-64-CMP-42Lalit39)
Pre-Closing Outlook(04-02-2013)
Previous support was between 5989-6033 and it was broken down today after intraday selling between this range therefore high possibility of more down moves toward next supports near 5950.
Mid-session Outlook-3(04-02-2013)
Lower intraday top formation,with this more down moves confirmations below 6000 and possibility of 5950 as well.
Mid-session Outlook-2(04-02-2013)
As Nifty Jan Fut. is trading in Red and its intraday patterns are showing selling formations also therefore selling confirmation but Nifty spot intraday patterns have not shown as such selling patterns and trading 0.30% up also therefore mixed indications and more down moves confirmations are required through breaking down of 5989.
Post-open Outlook(04-02-2013)
Although Nifty slipped immediately after opening but strong opening and now strong as well despite at present trading at the lowest of today. It is only a signal of up move and complete consolidation is required for any up move above 6050 as well as sustaining above 5989 should also be firstly watched for any up move confirmation.
Deeper Correction require Confirmations
Technical Analysis,Research & Weekly Outlook
(Feb 04 to Feb 08,2013)
Nifty-Intra Day Chart (Jan 15 to Feb 01,2013):- |
| Just click on chart for its enlarged view |
1- Support between 5989-6033
2- Resistance between 6050-6111
3- 14 Sessions actual trading between 5989-6111
Conclusions from 14 Sessions intra day chart analysis
14 Sessions lowest closing last Friday after good selling at higher levels and breaking down of above mentioned supports therefore more down moves can not be ruled out.
Nifty-Intra Day Chart (01-Feb-2013):-
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| Just click on chart for its enlarged view |
1- Whole day down moves in Bullish Falling channel
2- Whole day actual trading between 5989-6052
Conclusions from intra day chart analysis
Whole day down moves but in Bullish Falling channel and 14 sessions lowest broken down as well.
Conclusions (After Putting All Studies Together)
Detailed analysis with EOD charts have already be updated on 26-01-2013 in following topic:
Correction On 29th Jan or From 1st Week of Feb 2013
Just click above topic link and understand Short Term Outlook.
Correction was clearly told on 26-01-2013 and Nifty closed at weekly lowest as well as 14 Sessions lowest formation on 01-02-2013. As last Friday down moves showed Bullish Falling channel formation therefore firstly requiring confirmations through sustaining beyond psychological level of 6000 in the beginning of next week.
Sustaining below 6000 will mean deeper correction because Bearish patterns formation in Daily charts and sustaining above 6000 will mean some up moves but strong resistances above 6050 and complete consolidation is required for any sustained move above 6050/6111.
Market Outlook(04-02-2013)
As US markets closed with good gains last Friday and Asian markets may also react positive therefore Green zone trading possibility can not be ruled out in Indian markets on 04-02-2013. Correction is very much due and only it has to be watched that it will start within next 1/2 sessions or after passing some more time above 6000 and follow up buying/selling in next couple of sessions will reply this possibility.
Expected that Nifty will firstly trade between 5989-6050 and this range valid break out will finally show following moves:-
1- Below 5989 will mean deeper correction
2- Above 6050 will mean slow up moves up to 6111 and any rally will be possibile only after complete confirmation of sustaining above 6111 but maximum up to 6239.95/6331.
Market is well prepared for deeper correction but sustaining beyond 6000 should also be firstly watched in the beginning of next week for immedite moves confirmations.
FII & DII trading activity in Capital Market Segment on 01-Feb-2013
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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
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