Short term indicators are oversold and yesterday closing within gap supports range(447.45-5526.95) as well as sentiment is positive after Green closing in US markets therefore some up moves and Pull Back Rally can not be ruled out but until Nifty will not sustain above Long Term Trend decider 200 Day EMA(today at 5667) till then any decisive rally will not be considered.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Bearish phase after crucial levels breaking down confirmations
Nifty-EOD Chart (01-Apr-2013):-
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 4 bottom formation at 5487.00 on 09-04-2012
7- 200 Day EMA at 5667 on 09-04-2012
8- 200 Day DMA at 5645 on 09-04-2012
9- Neckline broken down of almost 7 months old Huge Bearish Head and Shoulders pattern which started on 14-09-2012.
Following crucial levels broken down confirmation:-
1- 5629.95(Top of Wave 1)
2- Long Term Trend decider 200 Day EMA at 5667 on 09-04-2012
3- Long Term Trend decider 200 Day DMA at 5645 on 09-04-2012
4- 5548.35(Strong support because Wave v begun from this levels after almost 2 months range bound consolidations)
5- Neckline of almost 7 months old Huge Bearish Head and Shoulders pattern
Bearish phase beginning after breaking down confirmation of above most crucial levels and testing possibility of unbelievable lower levels in the coming months. Next supports are as follows which may generate Pull Back Rally:-
1- Gap Support between 5447.45-5526.95
2- Gap Support between 5260.60-5309.20
3- Support at 5215.70
4- Support at 5032.40
5- Support at 4770.35
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| Just click on chart for its enlarged view |
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 4 bottom formation at 5487.00 on 09-04-2012
7- 200 Day EMA at 5667 on 09-04-2012
8- 200 Day DMA at 5645 on 09-04-2012
9- Neckline broken down of almost 7 months old Huge Bearish Head and Shoulders pattern which started on 14-09-2012.
Conclusions from EOD chart analysis
Following crucial levels broken down confirmation:-
1- 5629.95(Top of Wave 1)
2- Long Term Trend decider 200 Day EMA at 5667 on 09-04-2012
3- Long Term Trend decider 200 Day DMA at 5645 on 09-04-2012
4- 5548.35(Strong support because Wave v begun from this levels after almost 2 months range bound consolidations)
5- Neckline of almost 7 months old Huge Bearish Head and Shoulders pattern
Bearish phase beginning after breaking down confirmation of above most crucial levels and testing possibility of unbelievable lower levels in the coming months. Next supports are as follows which may generate Pull Back Rally:-
1- Gap Support between 5447.45-5526.95
2- Gap Support between 5260.60-5309.20
3- Support at 5215.70
4- Support at 5032.40
5- Support at 4770.35
Nifty(Apr Fut)- Intraday Trading levels , Strategy and Targets for 10-04-2013
Buy at or above:-5513
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1st Targets:5528
2nd Targets:5547
3rd Targets:5566
4th Targets:5584
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Stop Loss:5494
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Sell at or below:-5494
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1st Targets:5478
2nd Targets:5460
3rd Targets:5441
4th Targets:5423
-------------------------------
Stop Loss:5513
-------------------------------------------------
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 10-04-2013
Buy at or above:-10946
-------------------------------
1st Targets:10967
2nd Targets:10993
3rd Targets:11019
4th Targets:11045
-------------------------------
Stop Loss:10920
-------------------------------------------------
Sell at or below:-10920
-------------------------------
1st Targets:10899
2nd Targets:10873
3rd Targets:10847
4th Targets:10821
-------------------------------
Stop Loss:10946
-------------------------------------------------
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 09-Apr-2013
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Indian Stock Markets Closing Reports(09-Apr-2013)
Main features of today trading are as follows
Ratios
Index Options Put Call Ratio:0.93
Total Options Put Call Ratio:0.90
Nifty P/E Ratio(09-Apr-2013):16.59
Advances & Declines
BSE Advances : 544
BSE Declines :1,147
NSE Advances : 419
NSE Declines : 902
Nifty Open Interest Changed Today
Nifty- 5300 CE(Apr)- 18,400(5.18%)
Nifty- 5300 PE(Apr)- -224,650(-5.48%)
Nifty- 5400 CE(Apr)- 312,250(42.16%)
Nifty- 5400 PE(Apr)- 745,450(17.25%)
Nifty- 5500 CE(Apr)- 1,537,050(82.82%)
Nifty- 5500 PE(Apr)- -190,050(-3.35%)
Nifty- 5600 CE(Apr)- 531,300(9.70%)
Nifty- 5600 PE(Apr)- 367,800(6.68%)
Nifty- 5700 CE(Apr)- -191,950(-2.20%)
Nifty- 5700 PE(Apr)- -712,550(-19.53%)
Closing
Sensex- closed at 18,226.48(-211.30 Points & -1.15%)
Nifty- closed at 5,495.10(-47.85 Points & -0.86%)
CNX Midcap - closed at 7,370.65(-58.95 Points & -0.79%)
CNX Smallcap- closed at 1,925.55(-21.00 Points & -1.08%)
Nifty Spot-Levels & Trading Strategy for 10-04-2013
Nifty Spot-Levels
3 5685
R2 5644
R1 5569
Avg 5528
S1 5453
S2 5412
S3 5337
Nifty Spot-Trading Strategy
H6 5611 Trgt 2
H5 5584 Trgt 1
H4 5558 Long breakout
H3 5526 Go Short
H2 5516
H1 5505
L1 5484
L2 5473
L3 5463 Long
L4 5431 Short Breakout
L5 5405 Trgt 1
L6 5378 Trgt 2
3 5685
R2 5644
R1 5569
Avg 5528
S1 5453
S2 5412
S3 5337
Nifty Spot-Trading Strategy
H6 5611 Trgt 2
H5 5584 Trgt 1
H4 5558 Long breakout
H3 5526 Go Short
H2 5516
H1 5505
L1 5484
L2 5473
L3 5463 Long
L4 5431 Short Breakout
L5 5405 Trgt 1
L6 5378 Trgt 2
Nifty(Apr Fut)-Levels & Trading Strategy for 10-04-2013
Nifty(Apr Fut)-Levels
R3 5711
R2 5666
R1 5583
Avg 5538
S1 5455
S2 5410
S3 5327
Nifty(Apr Fut)-Trading Strategy
H6 5628 Trgt 2
H5 5599 Trgt 1
H4 5570 Long breakout
H3 5535 Go Short
H2 5523
H1 5511
L1 5488
L2 5476
L3 5464 Long
L4 5429 Short Breakout
L5 5400 Trgt 1
L6 5371 Trgt 2
R3 5711
R2 5666
R1 5583
Avg 5538
S1 5455
S2 5410
S3 5327
Nifty(Apr Fut)-Trading Strategy
H6 5628 Trgt 2
H5 5599 Trgt 1
H4 5570 Long breakout
H3 5535 Go Short
H2 5523
H1 5511
L1 5488
L2 5476
L3 5464 Long
L4 5429 Short Breakout
L5 5400 Trgt 1
L6 5371 Trgt 2
Bank Nifty(Apr Fut)-Levels & Trading Strategy for 10-04-2013
Bank Nifty(Apr Fut)-Levels
R3 11477
R2 11362
R1 11153
Avg 11038
S1 10829
S2 10714
S3 10505
Bank Nifty(Apr Fut)-Trading Strategy
H6 11268 Trgt 2
H5 11195 Trgt 1
H4 11122 Long breakout
H3 11033 Go Short
H2 11003
H1 10973
L1 10914
L2 10884
L3 10854 Long
L4 10765 Short Breakout
L5 10692 Trgt 1
L6 10619 Trgt 2
R3 11477
R2 11362
R1 11153
Avg 11038
S1 10829
S2 10714
S3 10505
Bank Nifty(Apr Fut)-Trading Strategy
H6 11268 Trgt 2
H5 11195 Trgt 1
H4 11122 Long breakout
H3 11033 Go Short
H2 11003
H1 10973
L1 10914
L2 10884
L3 10854 Long
L4 10765 Short Breakout
L5 10692 Trgt 1
L6 10619 Trgt 2
CRUDEOIL-Apr Fut-Selling Trade
CRUDEOIL-Apr Fut-Sell-Intraday/Positional-SL-5126 & TGT-5026-CMP-5092(Lalit39)
Pre-Closing Outlook(09-04-2013)
5535 broken down and with this termination of Bullish markets hopes as well as those crucial levels broken down confirmation which were told in Technical Analysis and Market Outlook(09-04-2013).
Following line was also told and being repeated:-
Following line was also told and being repeated:-
Below 5535 will mean crashing like situation in Indian markets and testing of unbelievable lower levels
Mid-session Outlook-2(09-04-2013)
Although forceful break out of previous 2 sessions trading range but not sustaining at higher levels and again slipping into mentioned range. Now again trading within mentioned range(5535-5575) amid high volatility and no other way but to wait for valid break out of mentioned range for next moves confirmations.
Mid-session Outlook(09-04-2013)
Last 2 sessions trading range(5535-5575) broken out forcefully and out performing Global markets as well therefore first strong indication of impulsive Wave 5 beginning after 48 sessions Wave 4 correction completion and confirmation will be after sustaining above Long Term Trend decider 200 Day EMA(5669).
Post-open Outlook(09-04-2013)
Strong global cues led gap up opening and most time trading within last 2 sessions trading range(5535-5575). Although first 2 minutes trading above 5575 today but its break out confirmation is required and that is must because today positive trading is only Global markets reaction.
Technical Analysis and Market Outlook(09-04-2013)
Nifty-Intra Day Chart (Apr 05 & Apr 08,2013):-
Technical Patterns and Formations in last 2 Sessions intraday charts
1- Down moves in Bullish Falling Channel on 05-04-2013
2- Support at lower levels between 5535-5546 in both sessions.
3- Selling Patterns between 5551-5560 on 08-04-2013
4- 2 Sessions actual trading between 5535-5575
Following Crucial levels have been broken down:-
1- 5629.95(Top of Wave 1)
2- 5669(200 Day EMA on 08-04-2012)
3- 5643(200 Day DMA at 08-04-2012)
4- 5548.35(Strong support because Wave v begun from this levels after almost 2 months range bound consolidations)
Only breaking down confirmations of above levels is left and that will be through valid break out of last 2 sessions 40 points narrow trading range(5535-5575) for following big moves:-
1- Below 5535 will mean crashing like situation in Indian markets and testing of unbelievable lower levels.
2- Above 5575 will mean Wave 5 beginning to form new highs above 6111 but after sustaining above Long Term Trend decider 200 Day EMA(5669)
As last 2 sessions trading with mixed intraday patterns formations between 5535-5575 therefore valid break out of this range must be firstly watched for above mentioned next trend confirmations.
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| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel on 05-04-2013
2- Support at lower levels between 5535-5546 in both sessions.
3- Selling Patterns between 5551-5560 on 08-04-2013
4- 2 Sessions actual trading between 5535-5575
Conclusions from 2 Sessions intra day chart analysis
Following Crucial levels have been broken down:-
1- 5629.95(Top of Wave 1)
2- 5669(200 Day EMA on 08-04-2012)
3- 5643(200 Day DMA at 08-04-2012)
4- 5548.35(Strong support because Wave v begun from this levels after almost 2 months range bound consolidations)
Only breaking down confirmations of above levels is left and that will be through valid break out of last 2 sessions 40 points narrow trading range(5535-5575) for following big moves:-
1- Below 5535 will mean crashing like situation in Indian markets and testing of unbelievable lower levels.
2- Above 5575 will mean Wave 5 beginning to form new highs above 6111 but after sustaining above Long Term Trend decider 200 Day EMA(5669)
As last 2 sessions trading with mixed intraday patterns formations between 5535-5575 therefore valid break out of this range must be firstly watched for above mentioned next trend confirmations.
FII & DII trading activity in Capital Market Segment on 08-Apr-2013
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Nifty Spot-Levels & Trading Strategy for 09-04-2013
Nifty Spot-Levels
R3 5593
R2 5581
R1 5561
Avg 5549
S1 5529
S2 5517
S3 5497
Nifty Spot-Trading Strategy
H6 5574 Trgt 2
H5 5566 Trgt 1
H4 5559 Long breakout
H3 5550 Go Short
H2 5547
H1 5544
L1 5539
L2 5536
L3 5533 Long
L4 5524 Short Breakout
L5 5517 Trgt 1
L6 5509 Trgt 2
R3 5593
R2 5581
R1 5561
Avg 5549
S1 5529
S2 5517
S3 5497
Nifty Spot-Trading Strategy
H6 5574 Trgt 2
H5 5566 Trgt 1
H4 5559 Long breakout
H3 5550 Go Short
H2 5547
H1 5544
L1 5539
L2 5536
L3 5533 Long
L4 5524 Short Breakout
L5 5517 Trgt 1
L6 5509 Trgt 2
Nifty(Apr Fut)-Levels & Trading Strategy for 09-04-2013
Nifty(Apr Fut)-Levels
3 5617
R2 5602
R1 5580
Avg 5565
S1 5543
S2 5528
S3 5506
Nifty(Apr Fut)-Trading Strategy
H6 5596 Trgt 2
H5 5587 Trgt 1
H4 5579 Long breakout
H3 5569 Go Short
H2 5565
H1 5562
L1 5555
L2 5552
L3 5548 Long
L4 5538 Short Breakout
L5 5530 Trgt 1
L6 5521 Trgt 2
3 5617
R2 5602
R1 5580
Avg 5565
S1 5543
S2 5528
S3 5506
Nifty(Apr Fut)-Trading Strategy
H6 5596 Trgt 2
H5 5587 Trgt 1
H4 5579 Long breakout
H3 5569 Go Short
H2 5565
H1 5562
L1 5555
L2 5552
L3 5548 Long
L4 5538 Short Breakout
L5 5530 Trgt 1
L6 5521 Trgt 2
Bank Nifty(Apr Fut)-Levels & Trading Strategy for 09-04-2013
Bank Nifty(Apr Fut)-Levels
R3 11296
R2 11241
R1 11144
Avg 11089
S1 10992
S2 10937
S3 10840
Bank Nifty(Apr Fut)-Trading Strategy
H6 11199 Trgt 2
H5 11164 Trgt 1
H4 11130 Long breakout
H3 11088 Go Short
H2 11074
H1 11060
L1 11033
L2 11019
L3 11005 Long
L4 10963 Short Breakout
L5 10929 Trgt 1
L6 10894 Trgt 2
R3 11296
R2 11241
R1 11144
Avg 11089
S1 10992
S2 10937
S3 10840
Bank Nifty(Apr Fut)-Trading Strategy
H6 11199 Trgt 2
H5 11164 Trgt 1
H4 11130 Long breakout
H3 11088 Go Short
H2 11074
H1 11060
L1 11033
L2 11019
L3 11005 Long
L4 10963 Short Breakout
L5 10929 Trgt 1
L6 10894 Trgt 2
Pre-Closing Outlook(08-04-2013)
2 Sessions trading between 5535-5575 with good consolidations last Friday and today lower levels supports but selling patterns formations at higher levels also seen today therefore View is cautious and valid break out of mentioned trading range should be firstly watched for next decisive moves and Trend confirmation.
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