NIFTY-Apr Call Option(5700)-Buying of 05-04-2013-Covering

NIFTY-Apr CE(5700)-Bought on 05-04-2013-cover immediately-CMP-26(Lalit39)

NIFTY-Apr Call Option(5700)- Buying of 05-04-2013-Message

NIFTY-Apr CE(5700)- Bought on 05-04-2013-Weak Global markets but just hold and cover after my covering message(Lalit39)

Technical Analysis,Research & Weekly Outlook

(Apr 08 to Apr 12,2013)

Nifty-EOD Chart (05-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Wave-3 beginning after 13 Months Wave-2 correction completion)
2- Wave 1(5629.95 on 22-02-2012)
3- Wave 2(4770.35 on 04-06-2012)
4- Wave 3(6111.80 on 29-01-2013)
5- Wave 4 correction beginning
6- Wave A(5663.60 on 04-03-2012)
7- Wave A retraced 448.20 points.
8- Wave B(5971.20 on 11-03-2012)
9- Wave B gained 307.60 points
7- Wave B(5971.20 on 11-03-2012)
10- Wave C of Wave 4 bottom formation at 5534.70 on 05-04-2012
12- Wave C has retraced 436.50 points yet.
13- Corrective Wave C of Wave 4 continuation.
14- 200 Day EMA at 5670 on 05-04-2012
15- 200 Day DMA at 5641 on 05-04-2012

Nifty-Intra Day Chart (05-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel.
2- Support between 5535-5545
3- Whole day actual trading between 5535-5575

Conclusions (After Putting All Studies Together)

As Per Elliot Wave Theory:-

The bottom of Wave-4 should not dip below the top of Wave 1,at least on a closing basis.

Top of Wave 1 is at 5629.95 and Nifty closed below it in last 2 sessions therefore it means recounting of Waves which started from 4531.15 on 20-12-2011 but as per our view last 2 sessions down closing was due to negative news flow from Global markets therefore breaking down confirmation is required through sustaining below 5629.95. Although Nifty closed below 200 Day EMA and DMA but Long Term Trend turning down confirmation is required yet through sustaining below both mentioned Averages.

Following target with following calculation was told on 26-03-2013 in Long Term Trend is at stake:-

ABC Waves of Wave 4 continuation and Wave A retraced 448.20 points therefore equal 100% retracement of Wave c can not be ruled out. Wave C correction continuation is expectd target is at:-

5971.20(Wave B)-448.20(Wave A lost)=5523.00 

As bottom formation at 5534.70 on 05-04-2012 which is near above given target therefore possibility of Wave 4 correction completion is still alive. Previous week down moves were due to weaker Global cues therefore finally sustaining beyond following levels will be next trend confirmations and should be firstly watched in next week:-

1- 5629.95(Top of Wave 1)
2- 5670(200 Day EMA on 05-04-2012)
3- 5641(200 Day DMA at 05-04-2012)

Although negative closing last Friday but consolidation patterns formation through Down moves in Bullish Falling Channel and lower levels supports as well therefore strong indications of up moves in the beginning of next week.

Nifty(Apr Fut)- Intraday Trading levels , Strategy and Targets for 08-04-2013

 -------------------------------------------------
Buy at or above:-5587 
-------------------------------
1st Targets:5603
2nd Targets:5622
3rd Targets:5640
4th Targets:5659
-------------------------------
Stop Loss:5568
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Sell at or below:-5568
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1st Targets:5553
2nd Targets:5534
3rd Targets:5515
4th Targets:5497
-------------------------------
Stop Loss:5587
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.
6- Firstly  go through today Outlooks also for better profits and more accuracy.

Bank Nifty(Apr Fut)- Intraday Trading levels,Strategy and Targets for 08-04-2013

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Buy at or above:-11156
-------------------------------
1st Targets:11177
2nd Targets:11203
3rd Targets:11230
4th Targets:11256
-------------------------------
Stop Loss:11130
-------------------------------------------------
Sell at or below:-11109
-------------------------------
1st Targets:11130
2nd Targets:11083
3rd Targets:11056
4th Targets:11030
-------------------------------
Stop Loss:11156
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.

FII & DII trading activity in Capital Market Segment on 05-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 05-Apr-2013 2018.73 2221.92 -203.19

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Apr-2013 963.91 942.44 21.47

Indian Stock Markets Closing Reports(05-Apr-2013)

Main features of  trading are as follows

Ratios

Index Options Put Call Ratio: 0.92
Total Options Put Call Ratio: 0.90
Nifty P/E Ratio(05-Apr-2013): 16.82

Advances & Declines

BSE Advances : 1,408
BSE Declines : 1,343
NSE Advances :   740
NSE Declines :   773

Nifty Open Interest Changed Today

Nifty- 5500  CE(Apr)- 513,400(42.79%)
Nifty- 5500  PE(Apr)- 10,300(0.19%)

Nifty- 5600  CE(Apr)- 1,127,900(29.26%)
Nifty- 5600  PE(Apr)- -1,236,900(-17.57%)

Nifty- 5700  CE(Apr)- 1,012,550(14.38%)
Nifty- 5700  PE(Apr)- -609,300(-14.17%)

Nifty- 5800  CE(Apr)-  870,750(12.55%)
Nifty- 5800  PE(Apr)- -101,100(-5.93%)

Nifty- 5900  CE(Apr)- 489,300(8.00%)
Nifty- 5900  PE(Apr)- -80,500(-8.28%)

Closing 

Sensex- closed at 18,450.23(-59.47 Points & -0.32%)
Nifty- closed at 5,553.25(-21.50 Points & -0.39%)
CNX Midcap - closed at 7,422.75(20.05 Points & 0.27%)
CNX Smallcap- closed at 3,176.65(3.75 Points & 0.12%)

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