Nifty(Apr Fut)-Levels & Trading Strategy for 12-04-2013

Nifty(Apr Fut)-Levels

R3 5701
R2 5659
R1 5626
Avg 5584
S1 5551
S2 5509
S3 5476

Nifty(Apr Fut)-Trading Strategy

H6 5669     Trgt 2
H5 5652     Trgt 1
H4 5635     Long breakout
H3 5614     Go Short
H2 5607
H1 5600
L1 5587
L2 5580
L3 5573     Long
L4 5552     Short Breakout
L5 5535     Trgt 1
L6 5518     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 12-04-2013

Bank Nifty(Apr Fut)-Levels

R3 11586
R2 11467
R1 11388
Avg 11269
S1 11190
S2 11071
S3 10992

Bank Nifty(Apr Fut)-Trading Strategy

H6 11509     Trgt 2
H5 11463     Trgt 1
H4 11417     Long breakout
H3 11363     Go Short
H2 11345
H1 11327
L1 11290
L2 11272
L3 11254     Long
L4 11200     Short Breakout
L5 11154     Trgt 1
L6 11108     Trgt 2

Pre-Closing Outlook(11-04-2013)

Sharp fall after first 3 hours selling indications between 5574-5589 and formation of new intraday low at 5542.85 but equally fast recovery and new trading high formation at 5610 which is above Next resistance(5590-5600). 3 Following news tomorrow:-                                                                          
1- INFY results.
2- IIP numbers.
3- Inflation data.

Pull Back rally continuation as per expectations and further up moves will depend on above news tomorrow but decisive rally confirmation will be after sustaining above those levels which have been updated in following topic yesterday:-

Pull Back Rally Continuation

As INFY was more than 30% up after previous results therefore selling can not be ruled out on the back of such bullish psychology today. Let Nifty sustain above 5600 then up moves will be considered otherwise only intraday volatility and finally down moves because selling during first 3 hours today.

Mid-session Outlook(11-04-2013)

Next resistance is between 5590-5600 and today first 3 hours trading between 5574-5589 with selling indications therefore development of down moves possibilities.

Pull Back Rally Continuation

Nifty-Intra Day Chart (10-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5488-5518
2- Sudden volatility
3- Up moves in Rising Channel which broken down also in last 15 minutes.
3- Whole day actual trading between 5478-5569

Conclusions from intra day chart analysis

Recovery from lower levels after first 3 hours consolidation and after that high volatility with both side new highs and lows formations. Finally up moves seen in Rising Channel during last hours but Rising Channel broken down also in last 15 minutes. Sentiment was extremely depressed due to 5 crucial levels broken down confirmation therefore Bounce back(Pull Back rally) was expected and that was seen also but complete consolidation patterns are required for any decisive rally and at present only Pull Back rally continuation will be considered.

US markets are more than 1% up at this moment and such closing today will mean strong sentiment tomorrow morning and all the Asian markets may be strong resultant Gap Up opening can not be ruled out in Indian markets but all trends are down and multiple resistances at higher levels therefore until Nifty will not sustain above Long Term Trend decider 200 Day EMA(today at 5666) till then any decisive rally will not be considered. Sustaining above following levels will give next up moves confirmations one by one and failure will result down moves continuation but after fresh selling patterns formations:-

1- 5548.35(Strong support because Wave v begun from this levels after almost 2 months range bound consolidations)
2- 5629.95(Top of Wave 1)
3- Long Term Trend decider 200 Day DMA at 5647 on 10-04-2012

FII Trading Data in Derivatives Segment on 10-Apr-2013

FII & DII trading activity in Capital Market Segment on 10-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 10-Apr-2013 2822.16 2781.94 40.22

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Apr-2013 841.82 644.53 197.29

Indian Stock Markets Closing Reports(10-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio:0.90
Total Options Put Call Ratio:0.88
Nifty P/E Ratio(10-Apr-2013):16.75

Advances & Declines

BSE Advances : 848
BSE Declines : 847
NSE Advances : 689
NSE Declines : 628

Nifty Open Interest Changed Today

Nifty- 5500  CE(Apr)- -269,050(-7.93%)
Nifty- 5500  PE(Apr)-  653,050(11.90%)

Nifty- 5600  CE(Apr)- -49,600(-0.83%)
Nifty- 5600  PE(Apr)- -210,200(-3.58%)

Nifty- 5700  CE(Apr)- -214,100(-2.51%)
Nifty- 5700  PE(Apr)- -408,000(-13.90%)

Nifty- 5800  CE(Apr)- -533,700(-6.45%)
Nifty- 5800  PE(Apr)- -94,000(-6.36%)

Nifty- 5900  CE(Apr)- -20,950(-0.33%)
Nifty- 5900  PE(Apr)- -38,750(-4.57%)

Closing 

Sensex- closed at 18,414.45(187.97 Points & 1.03%)
Nifty- closed at 5,558.70(63.60 Points & 1.16%)
CNX Midcap - closed at 7,434.80(64.15 Points & 0.87%)
CNX Smallcap- closed at 3,138.25(21.55 Points & 0.69%)

Nifty Spot-Levels & Trading Strategy for 11-04-2013

Nifty Spot-Levels

R3 5684
R2 5626
R1 5592
Avg 5534
S1 5500
S2 5442
S3 5408

Nifty Spot-Trading Strategy

H6 5651     Trgt 2
H5 5629     Trgt 1
H4 5608     Long breakout
H3 5583     Go Short
H2 5574
H1 5566
L1 5549
L2 5541
L3 5532     Long
L4 5507     Short Breakout
L5 5486     Trgt 1
L6 5464     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 11-04-2013

Nifty(Apr Fut)-Levels

R3 5697
R2 5637
R1 5600
Avg 5540
S1 5503
S2 5443
S3 5406

Nifty(Apr Fut)-Trading Strategy

H6 5661     Trgt 2
H5 5638     Trgt 1
H4 5616     Long breakout
H3 5589     Go Short
H2 5580
H1 5571
L1 5554
L2 5545
L3 5536     Long
L4 5509     Short Breakout
L5 5487     Trgt 1
L6 5464     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 11-04-2013

Bank Nifty(Apr Fut)-Levels

R3 11498
R2 11332
R1 11236
Avg 11070
S1 10974
S2 10808
S3 10712

Bank Nifty(Apr Fut)-Trading Strategy

H6 11407     Trgt 2
H5 11345     Trgt 1
H4 11284     Long breakout
H3 11212     Go Short
H2 11188
H1 11164
L1 11115
L2 11091
L3 11067     Long
L4 10995     Short Breakout
L5 10934     Trgt 1
L6 10872     Trgt 2

Mid-session Outlook(10-04-2013)

First 3 hours trading with consolidation pattern between 5488-5518 and after that high volatility as well as both side high and low broken out. Although finally bounce seen today but until complete consolidation will not happen till then any decisive rally will not be seen and only Pull Back rally will be considered at this moment after sustaining above 5548.35.

Pre-open Outlook(10-04-2013)

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.

Bearish phase after crucial levels breaking down confirmations

                                   Nifty-EOD Chart (01-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 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
-------------------------------
1st Targets:5528
2nd Targets:5547
3rd Targets:5566
4th Targets:5584
-------------------------------
Stop Loss:5494
-------------------------------------------------
Sell at or below:-5494
-------------------------------
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 Trading Data in Derivatives Segment on 09-Apr-2013

FII & DII trading activity in Capital Market Segment on 09-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 09-Apr-2013 2080.02 2744.92 -664.9

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 09-Apr-2013 1628.17 640.36 987.81

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

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