Some confusion today due to news of corruption in I. A. F. Helicopter deal therefore view is cautious and until Nifty will not sustain above today highs and 5984 till then immediate up move will not be considered.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
NIFTY-Feb Call Option(6000)-Bought on 12-02-2013-Covering
NIFTY-(Jan CE-6000)-Bought on 12-02-2013--Cover immediately-CMP-48(Lalit39)
Post-open Outlook(13-02-2013)
Although strong rally today but when Indian markets were in Red after weaker IIP data then also we did not posted Bearish views but on the contrary told for Up Moves:-
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
Strong rally today but equally strong resistances are between 5970-5984 and once sustaining above 5984 will mean fast up moves after Pre Budget Rally confirmations.
Pull Back rally on Cards
Nifty-Intra Day Chart (Feb 11 to Feb 13,2013):-
Technical Patterns and Formations in last 2 Sessions intraday charts
1- Consolidation between 5883-5900.
2- 2 Sessions most time trading between 5883-5915
3- 2 Sessions actual trading between 5883-5927
As 2 Sessions most time trading between 5883-5915 with lower levels good supports and consolidation patterns formations therefore this range broken out in last hour on 12-02-2013. Expected that Pull Back rally will be seen in the coming sessions but resistances are lying between 5930-5984 therefore fresh consolidation is required for sustaining above 5984 and market will take its complete time to complete consolidation process.
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| Just click on chart for its enlarged view |
1- Consolidation between 5883-5900.
2- 2 Sessions most time trading between 5883-5915
3- 2 Sessions actual trading between 5883-5927
Conclusions from 2 Sessions intra day chart analysis
As 2 Sessions most time trading between 5883-5915 with lower levels good supports and consolidation patterns formations therefore this range broken out in last hour on 12-02-2013. Expected that Pull Back rally will be seen in the coming sessions but resistances are lying between 5930-5984 therefore fresh consolidation is required for sustaining above 5984 and market will take its complete time to complete consolidation process.
Firstly Pull Back rally is expected and after sustaining above 5984 strong rally will be seen.
FII & DII trading activity in Capital Market Segment on 12-Feb-2013
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Indian Stock Markets Closing Reports(12-Feb-2013)
1- Benchmark Indices closed in Green.
2- CNX Midcap and CNX Smallcap closed in Red.
3- White Candle formation.
Ratios
Index Options Put Call Ratio: 0.98
Total Options Put Call Ratio: 0.92
Nifty P/E Ratio(12-Feb-2013): 17.83
Advances & Declines
BSE Advances :
BSE Declines :
NSE Advances :
NSE Declines :
Nifty Open Interest Changed Today
Nifty- 5800 CE(Feb)- 45,850(6.02%)
Nifty- 5800 PE(Feb)- -35,800(-0.55%)
Nifty- 5900 CE(Feb)- -7,800(-0.29%)
Nifty- 5900 PE(Feb)- 365,600(5.32%)
Nifty- 6000 CE(Feb)- -30,450(-0.52%)
Nifty- 6000 PE(Feb)- 34,600(0.93%)
Nifty- 6000 CE(Feb)- -27,350 (-0.37%)
Nifty- 6000 PE(Feb)- -48,150(-3.09%)
Closing
Sensex- closed at 19561.04(100.47 Points & 0.52%)
Nifty- closed at 5,922.50(24.65 Points & 0.42%)
CNX Midcap - closed at 8,063.00(-30.35 Points & -0.37%)
CNX Smallcap- closed at 3,484.00(-11.65 Points & -0.33%)
Nifty Spot-Levels & Trading Strategy for 13-02-2013
R3 5978
R2 5952
R1 5937
Avg 5911
S1 5896
S2 5870
S3 5855
Nifty Spot-Trading Strategy
H6 5963 Trgt 2
H5 5953 Trgt 1
H4 5944 Long breakout
H3 5933 Go Short
H2 5929
H1 5925
L1 5918
L2 5914
L3 5910 Long
L4 5899 Short Breakout
L5 5890 Trgt 1
L6 5880 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 13-02-2013
R3 6001
R2 5974
R1 5957
Avg 5930
S1 5913
S2 5886
S3 5869
Nifty(Feb Fut)-Trading Strategy
H6 5985 Trgt 2
H5 5975 Trgt 1
H4 5965 Long breakout
H3 5953 Go Short
H2 5949
H1 5945
L1 5936
L2 5932
L3 5928 Long
L4 5916 Short Breakout
L5 5906 Trgt 1
L6 5896 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 13-02-2013
R3 12649
R2 12559
R1 12508
Avg 12418
S1 12367
S2 12277
S3 12226
Bank Nifty(Feb Fut)-Trading Strategy
H6 12599 Trgt 2
H5 12567 Trgt 1
H4 12534 Long breakout
H3 12495 Go Short
H2 12482
H1 12469
L1 12444
L2 12431
L3 12418 Long
L4 12379 Short Breakout
L5 12346 Trgt 1
L6 12314 Trgt 2
NIFTY-Feb Call Option-Buying Trade
NIFTY-Feb Call Option(6000)-Buy-Positional-SL-24-TGT-64-CMP-42(Lalit39)
Pre-Closing Outlook(12-02-2013)
We never posted bearish views despite weaker IIP data but also told following lines:-
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
Last 2 days range broken out after lower levels good consolidations therefore more up moves are expected and strong rally will be seen after sustaining above next resistance
Mid-session Outlook-3(12-02-2013)
Although slipping from intraday high levels in last more than 90 minutes but intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased but its valid break out should also be firstly watched.
Mid-session Outlook-2(12-02-2013)
As down moves after weaker IIP data were lacking required force therefore we did not projected more down moves and told for next moves confirmations through valid break out 5883-5915. Yesterday higher levels selling and lower levels supports were seen within mentioned range and today negative news generated volatility is being seen.
As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered and valid break out above 5915 will mean rally possibility after on going correction completion strong indication.
As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered and valid break out above 5915 will mean rally possibility after on going correction completion strong indication.
Mid-session Outlook(12-02-2013)
Trading between 5889-5912 today but down moves were lacking required force after the news of weaker IIP data and valid break out of yesterday trading range(5883-5915) should be firstly watched for next moves confirmations.
Next Trend Decider 5883-5915
Technical Analysis and Market Outlook
(12-02-2013)
Nifty-Intra Day Chart (11-Feb-2013):-(12-02-2013)
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| Just click on chart for its enlarged view |
1- Consolidation between 5883-5900.
2- 5 Waves of Bearish Rising Wedge formation.
3- Selling between 5907-5915
4- Whole day actual trading between 5883-5915.
Conclusions from intra day chart analysis
Just click following topic link and understand Daily Chart analysis:-
32 Points narrow range trading with lower level supports and consolidations and slipping also from higher levels after Bearish Rising Wedge formation and selling as well. As mixed intraday patterns formations within 5883-5915 today therefore its valid break out should be firstly watched tomorrow for following next decisive moves confirmations:-
1- 38.2%(5895) retracement completed on 08-02-2013 and sustaining below 5883 after follow up selling will mean testing possibility of next support at 5823.
2- Intraday support also seen near about 5895 today and sustaining above 5915 after follow up consolidation will mean Short Term Up moves possibility but on going correction completion confirmation will be above next resistance range(5930-5984).
Valid Break Out of 5883-5915 should be firstly watched tomorrow for next Trend confirmations.
FII & DII trading activity in Capital Market Segment on 11-Feb-2013
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Indian Stock Markets Closing Reports(11-Feb-2013)
1- Benchmark Indices closed in Red.
2- Most Indices closed in Red but BANK NIFTY closed in Green.
3- Black Candle formation.
Ratios
Index Options Put Call Ratio: 0.87
Total Options Put Call Ratio: 0.83
Nifty P/E Ratio(11-Feb-2013): 17.72
Advances & Declines
BSE Advances : 1,222
BSE Declines : 1,616
NSE Advances : 622
NSE Declines : 897
Nifty Open Interest Changed Today
Nifty- 5700 CE(Feb)- -8,150(-2.76%)
Nifty- 5700 PE(Feb)- -591,600(-10.15%)
Nifty- 5800 CE(Feb)- 106,700(16.28%)
Nifty- 5800 PE(Feb)- 397,450(6.48%)
Nifty- 5900 CE(Feb)- 432,750(19.40%)
Nifty- 5900 PE(Feb)- -265,200(-3.72%)
Nifty- 6000 CE(Feb)- 319,300(5.73%)
Nifty- 6000 PE(Feb)- -330,600(-8.17%)
Closing
Sensex- closed at 19517(-24.20 Points & -0.12%)
Nifty- closed at 5,897.85(-5.65 Points & -0.10%)
CNX Midcap - closed at 8,093.35(-16.10 Points & -0.20%)
CNX Smallcap- closed at 3,495.65(-6.55 Points & -0.19%)
Nifty Spot-Levels & Trading Strategy for 12-02-2013
R3 5966
R2 5945
R1 5921
Avg 5900
S1 5876
S2 5855
S3 5831
Nifty Spot-Trading Strategy
H6 5942 Trgt 2
H5 5931 Trgt 1
H4 5921 Long breakout
H3 5909 Go Short
H2 5905
H1 5901
L1 5892
L2 5888
L3 5884 Long
L4 5872 Short Breakout
L5 5862 Trgt 1
L6 5851 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 12-02-2013
R3 5969
R2 5953
R1 5937
Avg 5921
S1 5905
S2 5889
S3 5873
Nifty(Feb Fut)-Trading Strategy
H6 5953 Trgt 2
H5 5945 Trgt 1
H4 5938 Long breakout
H3 5929 Go Short
H2 5926
H1 5923
L1 5918
L2 5915
L3 5912 Long
L4 5903 Short Breakout
L5 5896 Trgt 1
L6 5888 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 12-02-2013
R3 12533
R2 12476
R1 12432
Avg 12375
S1 12331
S2 12274
S3 12230
Bank Nifty(Feb Fut)-Trading Strategy
H6 12489 Trgt 2
H5 12466 Trgt 1
H4 12443 Long breakout
H3 12415 Go Short
H2 12406
H1 12397
L1 12378
L2 12369
L3 12360 Long
L4 12332 Short Breakout
L5 12309 Trgt 1
L6 12286 Trgt 2
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