Nifty Spot-Levels & Trading Strategy for 08-04-2013

Nifty Spot-Levels

R3 5618
R2 5597
R1 5575
Avg 5554
S1 5532
S2 5511
S3 5489

Nifty Spot-Trading Strategy

H6 5596     Trgt 2
H5 5586     Trgt 1
H4 5576     Long breakout
H3 5564     Go Short
H2 5560
H1 5556
L1 5549
L2 5545
L3 5541     Long
L4 5529     Short Breakout
L5 5519     Trgt 1
L6 5509     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 08-04-2013

Nifty(Apr Fut)-Levels

R3 5635
R2 5614
R1 5593
Avg 5572
S1 5551
S2 5530
S3 5509

Nifty(Apr Fut)-Trading Strategy

H6 5614     Trgt 2
H5 5604     Trgt 1
H4 5595     Long breakout
H3 5583     Go Short
H2 5579
H1 5575
L1 5568
L2 5564
L3 5560     Long
L4 5548     Short Breakout
L5 5539     Trgt 1
L6 5529     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 08-04-2013

Bank Nifty(Apr Fut)-Levels

R3 11373
R2 11296
R1 11219
Avg 11142
S1 11065
S2 10988
S3 10911

Bank Nifty(Apr Fut)-Trading Strategy

H6 11297     Trgt 2
H5 11261     Trgt 1
H4 11226     Long breakout
H3 11184     Go Short
H2 11170
H1 11156
L1 11127
L2 11113
L3 11099     Long
L4 11057     Short Breakout
L5 11022     Trgt 1
L6 10986     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Apr 08 to Apr 12,2013)

Nifty Spot-Weekly Levels

R3 5915
R2 5835
R1 5694
Avg 5614
S1 5473
S2 5393
S3 5252

Nifty Spot-Weekly Trading Strategy 

H6 4577     Trgt 2
H5 5724     Trgt 1
H4 5674     Long breakout
H3 5613     Go Short
H2 5593
H1 5573
L1 5532
L2 5512
L3 5492     Long
L4 5431     Short Breakout
L5 5381     Trgt 1
L6 5331     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Apr 08 to Apr 12,2013)

Bank Nifty Spot-Weekly Levels

R3 12022
R2 11806
R1 11452
Avg 11236
S1 10882
S2 10666
S3 10312

Bank Nifty Spot-Weekly Trading Strategy 

H6  11671    Trgt 2
H5  11541    Trgt 1
H4  11411    Long breakout
H3  11254    Go Short
H2  11202
H1  11150
L1  11045
L2  10993
L3  10941    Long
L4  10784    Short Breakout
L5  10654   Trgt 1
L6  10524    Trgt 2

NIFTY-Apr Call Option-Buying Trade

NIFTY-Apr Call Option(5700)-Buy-Positional-SL-19-TGT-64-CMP-31(Buy same quantity which covered today)(Lalit39)

Pre-Closing Outlook(05-04-2013)

Following most crucial levels broken down:-

1- Top of Wave 1(5629.95) 
2- Long Term Trend decider 200 Day EMA and DMA
3- Strong support of 5548.35 

As today intraday charts are not showing selling patterns but lower levels supports with consolidation patterns formations seen today therefore valid break out below today lowest is must in next week for further down moves confirmations.

Mid-session Outlook-3(05-04-2013)

Sentiment is again depressed today due to following Global markets:-

1- Hang Seng trading more than 640 points down
2- Nikkei(Japan) closed near lower levels after loosing more than 350 points gains.
3- Most European markets are trading in Red.

As supports seen at lower levels today in such dampened sentiment after slipping below strong support of 5548.35 therefore today lowest valid break out should be watched for next big down moves confirmations.

Mid-session Outlook-2(05-04-2013)

Nifty slipped below strong support of 5548.35 which is last hope of Bulls. Once sustaining below it will mean loosing of all Bullish hopes and market moving into strong Grip of Bears.

NIFTY-Apr Call Option(5700)-1st Intraday Buying of 04-04-2013-Covering

NIFTY-Apr CE(5700)-Intraday Bought on 04-04-2013-Cover immediately-CMP-30(Lalit39)

Mid-session Outlook(05-04-2013)

Red zone trading since opening but with intraday consolidation patterns formations therefore emergence of up moves hopes. As Dow's Futures is more than 30 points down and Hang Seng is 600 points down today therefore view is cautious and up moves confirmation is required through sustaining above today highs and after that 5629.95.

Technical Analysis and Market Outlook(05-04-2013)

Nifty-Intra Day Chart (04-Apr-2013):-

Just click on chart for its enlarged view

Conclusions

Whole day down moves and most crucial levels broken down but without intraday selling patterns and on the back of depressed Global sentiments therefore sustaining below following crucial levels is must for the beginning of huge down moves confirmations:-

1- Nifty closed below the top of Wave 1(5629.95) today and it means recounting of Waves which started from 4531.15 on 20-12-2011 but as per our view today down closing was due to negative news flow from Global markets therefore breaking down confirmation is required through sustaining below 5629.95.

2- Although Nifty closed below 200 Day EMA(5673) and DMA(5637) but Long Term Trend confirmation is required yet through sustaining below both mentioned Averages.

Sustaining below above mentioned crucial levels should be firstly watched in the coming sessions for the confirmations of big down moves but Indicators are showing positive divergence in oversold zone therefore Bounce back may be seen any day and its possibility is high tomorrow.

FII Trading Data in Derivatives Segment on 04-Apr-2013

FII & DII trading activity in Capital Market Segment on 04-Apr-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Apr-2013 1942.7 2268.91 -326.21

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Apr-2013 921.28 856.55 64.73

Nifty Spot-Levels & Trading Strategy for 05-04-2013

Nifty Spot-Levels

R3 5702
R2 5673
R1 5623
Avg 5594
S1 5544
S2 5515
S3 5465

Nifty Spot-Trading Strategy

H6 5653     Trgt 2
H5 5635     Trgt 1
H4 5617    Long breakout
H3 5595     Go Short
H2 5588
H1 5581
L1 5566
L2 5559
L3 5552     Long
L4 5530     Short Breakout
L5 5512     Trgt 1
L6 5494     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 05-04-2013

Nifty(Apr Fut)-Levels

R3 5714
R2 5686
R1 5639
Avg 5611
S1 5564
S2 5536
S3 5489

Nifty(Apr Fut)-Trading Strategy

H6 5668     Trgt 2
H5 5651     Trgt 1
H4 5634     Long breakout
H3 5613     Go Short
H2 5606
H1 5599
L1 5586
L2 5579
L3 5572     Long
L4 5551     Short Breakout
L5 5534     Trgt 1
L6 5517     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 05-04-2013

Bank Nifty(Apr Fut)-Levels

R3 11433
R2 11372
R1 11272
Avg 11211
S1 11111
S2 11050
S3 10950

Bank Nifty(Apr Fut)-Trading Strategy

H6 11334     Trgt 2
H5 11297     Trgt 1
H4 11261     Long breakout
H3 11217     Go Short
H2 11202
H1 11187
L1 11158
L2 11143
L3 11128     Long
L4 11084     Short Breakout
L5 11048     Trgt 1
L6 11011     Trgt 2

NIFTY-Apr Call Option-Buying Trade

NIFTY-Apr Call Option(5700)-Buy-Positional-SL-19-TGT-64-CMP-36(Lalit39)

Mid-session Outlook-2(04-04-2013)

New low of on going correction at 5585.35 today and as per Elliot Wave Theory Nifty should not close below the top of Wave 1(5629.95) otherwise Waves structure form 20-12-2011 will be is at stake and Waves will be recounted and next trend will understood. As Long Term Trend is also at stake because Nifty is trading below both 200 Day EMA and DMA therefore huge down moves will be seen after sustaining below below 5629.95.

Mid-session Outlook(04-04-2013)

Following line was told at 10:12 AM in Post-open Outlook(04-04-2013):-

intraday supports emergence through double bottom and higher formations

Recovery seen from lower levels and now trading above 5629.95 but Long Term Trend and Waves structure from 20-12-2011 is at stake therefore firstly sustaining above 5605 and after that sustaining above 5629.95/5637/5673 will be rally confirmation.

Post-open Outlook(04-04-2013)

Gap down opening amid most depressed sentiment but intraday supports emergence through double bottom and higher formations but lot of consolidation is required for next up moves and firstly sustaining beyond 5605 should be watched today for next trend first strong signal.