Nifty(May Fut)-Levels & Trading Strategy for 03-05-2013

Nifty(May Fut)-Levels

R3 6138
R2 6081
R1 6044
Avg 5987
S1 5950
S2 5893
S3 5856

Nifty(May Fut)-Trading Strategy

H6 6102     Trgt 2
H5 6080     Trgt 1
H4 6058     Long breakout
H3 6032     Go Short
H2 6024
H1 6015
L1 5998
L2 5989
L3 5981     Long
L4 5955     Short Breakout
L5 5933     Trgt 1
L6 5911     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 03-05-2013

Bank Nifty(May Fut)-Levels

R3 12992
R2 12859
R1 12766
Avg 12633
S1 12540
S2 12407
S3 12314

Bank Nifty(May Fut)-Trading Strategy

H6 12902     Trgt 2
H5 12849     Trgt 1
H4 12797     Long breakout
H3 12735     Go Short
H2 12714
H1 12693
L1 12652
L2 12631
L3 12610     Long
L4 12548     Short Breakout
L5 12496     Trgt 1
L6 12443     Trgt 2

Technical Analysis and Market Outlook(02-05-2013)

Nifty-Intra Day Chart (30-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1 Consolidation between 5868-5905 
3- Whole day actual trading between 5868-5944

Conclusions from intra day chart analysis 

As Supreme Court tough words on the government over the multi-million coal-scam therefore firstly slipping sharply but lower levels good consolidation also seen. Strong resistances were between 5820-5965 and Nifty traded between this range with lower levels good supports in last 4 sessions and also traded near the highs of this range therefore strong indications of resistance clearance and up moves above it.

All trends are up and technical strength as well therefore rally continuation is expected. As following reasons therefore mentioned resistance range valid break out above 5965 is also required for next strong rally confirmations:-

1- Political uncertainty may develop after Supreme Court hard comments on the government over the multi-million coal-scam. 
2- Overbought indicators are suggesting for correction.

Pre-open Outlook(02-05-2013)

Most Asian markets are in Red zone today morning after negative closing of US markets yesterday therefore weak opening may be seen today but Indian markets will prepare today for post Credit Policy strong moves tomorrow. As consensus developed of rates cut by RBI on 03-05-2013 and expectations are high today therefore follow up moves have also to be watched today through intraday charts formations for understanding next big moves after Credit Policy tomorrow.  

FII Trading Data in Derivatives Segment on 30-Apr-2013

FII & DII trading activity in Capital Market Segment on 30-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 30-Apr-2013 3692.7 2815.77 876.93

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-Apr-2013 1119.32 1466.49 -347.17

Nifty Spot-Levels & Trading Strategy for 02-05-2013

Nifty Spot-Levels

R3 6067
R2 6014
R1 5972
Avg 5919
S1 5877
S2 5824
S3 5782

Nifty Spot-Trading Strategy

H6 6026     Trgt 2
H5 6004     Trgt 1
H4 5982     Long breakout
H3 5956     Go Short
H2 5947
H1 5938
L1 5921
L2 5912
L3 5903     Long
L4 5877     Short Breakout
L5 5855     Trgt 1
L6 5833     Trgt 2

Indian Stock Markets Closing Reports(01-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.35
Total Options Put Call Ratio: 1.26
Nifty P/E Ratio(01-Apr-2013):17.70

Advances & Declines

BSE Advances : 1,071
BSE Declines : 1,268
NSE Advances :   605
NSE Declines :   699

Nifty Open Interest Changed Today

Nifty- 5600  CE(May)- -5,100(-0.41%)
Nifty- 5600  PE(May)-  356,000(9.82%)

Nifty- 5700  CE(May)- -621,750(-23.43%)
Nifty- 5700  PE(May)-  776,200(14.10%)

Nifty- 5800  CE(May)-  98,500(2.80%)
Nifty- 5800  PE(May)-  872,150(15.97%)

Nifty- 5900  CE(May)-  372,300(7.98%)
Nifty- 5900  PE(May)-  -205,550(-5.45%)

Nifty- 6000  CE(May)-  389,400(9.34%)
Nifty- 6000  PE(May)-  9,350(0.79%)

Closing 

Sensex- closed at 19,504.18(116.68 Points & 0.60%)
Nifty- closed at 5,930.20(26.10 Points & 0.44%)
CNX Midcap - closed at 7,818.60(8.20 Points & 0.10%)
CNX Smallcap- closed at 3,224.75(-0.45 Points & -0.01%)

Nifty(May Fut)-Levels & Trading Strategy for 02-05-2013

Nifty(May Fut)-Levels

R3 6071
R2 6018
R1 5973
Avg 5920
S1 5875
S2 5822
S3 5777

Nifty(May Fut)-Trading Strategy

H6 6028     Trgt 2
H5 6005     Trgt 1
H4 5982     Long breakout
H3 5955     Go Short
H2 5946
H1 5937
L1 5920
L2 5911
L3 5902     Long
L4 5875     Short Breakout
L5 5852     Trgt 1
L6 5829     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 02-05-2013

Bank Nifty(May Fut)-Levels

R3 12977
R2 12823
R1 12659
Avg 12505
S1 12341
S2 12187
S3 12023

Bank Nifty(May Fut)-Trading Strategy

H6 12816     Trgt 2
H5 12743     Trgt 1
H4 12669     Long breakout
H3 12582     Go Short
H2 12553
H1 12524
L1 12465
L2 12436
L3 12407     Long
L4 12320     Short Breakout
L5 12246     Trgt 1
L6 12173     Trgt 2

Mid-session Outlook-2(30-04-2013)

All trends are up and technically market is well prepared for up moves after Short/Intermediate Term correction completion but uncertainty developed after Supreme Court observations and  hard comments on the government today. Let CBI reply to Supreme Court unfold then next trend will be decided according to the survival possibility of Manmohan Singh Govt. As this matter is serious therefore we are continuously cautioning for the last 3 days.

Finally sustaining beyond previous 3 sessions lowest(5862) will decide next trend because good consolidations above it in previous 2 sessions.

Mid-session Outlook(30-04-2013)

As Supreme Court hard comments on the government over the multi-million coal-scam therefore slipping sharply and next decisive moves will depend on the stability of Manmohan Singh Govt. Finally sustaining beyond previous 3 sessions lowest(5862) will decide next trend because good consolidations above it in previous 2 sessions.

Post-open Outlook(30-04-2013)

As good consolidations yesterday therefore up moves possibilities above 5922 was updated yesterday and it was seen today as well. Coal Scam hearing will start after 10 AM in Supreme Court today and there are some problems for Central Govt. after CBI chief affidavit and high volatility can not be ruled out today. If something comes out against Manmohan Singh then next moves will be considered according to stability impact on Govt.

Technical Analysis and Market Outlook(30-04-2013)

Nifty-Intra Day Chart (Apr 25 to Apr 29,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 3 Sessions intraday charts

1- Higher levels selling and lower levels buying patterns formations in last 3 sessions.
2- High volatility in last hours on 25-04-2013.
3- Bullish falling Channel formations on 26-04-2013 and 29-04-2013. 
4- Good consolidations at lower levels on 29-04-2013.  
5- 3 Sessions actual trading between 5862-5922. 

Conclusions from 3 Sessions intra day chart analysis 

Range bound 3 sessions with both lower levels buying and higher levels selling patterns formations therefore mixed formations. Although good selling at higher levels in both previous sessions but good consolidations was seen on 29-04-2013 also therefore Indian markets are technically poised for any side moves beyond 3 Sessions trading range(5862-5922)

All trends are up and Short Term correction is due because indicators are overbought after  447 points rally in 10 sessions but good lower levels consolidations in both previous sessions therefore up moves possibilities above 5922 are higher after completion of correction within range bound market. If something extremely against Manmohan Singh happens by Supreme Court tomorrow then deeper correction will be seen otherwise rally will remain continued.

FII Trading Data in Derivatives Segment on 29-Apr-2013

FII & DII trading activity in Capital Market Segment on 29-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 29-Apr-2013 2855.4 2235.02 620.38

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Apr-2013 1014.58 1380.78 -366.2

Indian Stock Markets Closing Reports(29-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio:  1.18
Total Options Put Call Ratio:  1.07
Nifty P/E Ratio(29-Apr-2013): 17.59

Advances & Declines

BSE Advances : 1,263
BSE Declines : 1,087
NSE Advances :   747
NSE Declines :   564

Nifty Open Interest Changed Today

Nifty- 5600  CE(May)- -33,650(-2.62%)
Nifty- 5600  PE(May)-  168,100(4.86%)

Nifty- 5700  CE(May)- -54,450(-2.01%)
Nifty- 5700  PE(May)-  623,750(12.78%)

Nifty- 5800  CE(May)-  7,950(0.23%)
Nifty- 5800  PE(May)-  354,100(6.93%)

Nifty- 5900  CE(May)- 76,050(1.66%)
Nifty- 5900  PE(May)- 503,500(15.41%)

Nifty- 6000  CE(May)- 256,100(6.55%)
Nifty- 6000  PE(May)- 138,450(13.16%)

Closing 

Sensex- closed at 19,387.50(100.78 Points & 0.52%)
Nifty- closed at 5,904.10(32.65 Points & 0.56%)
CNX Midcap - closed at 7,810.40(95.25 Points & 1.23%)
CNX Smallcap- closed at 3,225.20(5.65 Points & 0.18%)

Nifty Spot-Levels & Trading Strategy for 30-04-2013

Nifty Spot-Levels

R3 5975
R2 5946
R1 5925
Avg 5896
S1 5875
S2 5846
S3 5825

Nifty Spot-Trading Strategy

H6 5954     Trgt 2
H5 5942     Trgt 1
H4 5931     Long breakout
H3 5917     Go Short
H2 5913
H1 5908
L1 5899
L2 5894
L3 5890     Long
L4 5876     Short Breakout
L5 5865     Trgt 1
L6 5853     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 30-04-2013

Nifty(May Fut)-Levels

R3 5990
R2 5962
R1 5940
Avg 5912
S1 5890
S2 5862
S3 5840

Nifty(May Fut)-Trading Strategy

H6 5968     Trgt 2
H5 5956     Trgt 1
H4 5945     Long breakout
H3 5931     Go Short
H2 5927
H1 5922
L1 5913
L2 5908
L3 5904     Long
L4 5890     Short Breakout
L5 5879     Trgt 1
L6 5867     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 30-04-2013

Bank Nifty(May Fut)-Levels

R3 12870
R2 12760
R1 12671
Avg 12561
S1 12472
S2 12362
S3 12273

Bank Nifty(May Fut)-Trading Strategy

H6 12784     Trgt 2
H5 12738     Trgt 1
H4 12692     Long breakout
H3 12637     Go Short
H2 12619
H1 12601
L1 12564
L2 12546
L3 12528     Long
L4 12473     Short Breakout
L5 12427     Trgt 1
L6 12381     Trgt 2

Mid-session Outlook-2(29-04-2013)

Although selling signals at higher levels but lower levels good consolidations today and until Nifty will not sustaining below today lowest(5869) till then next down moves will not be considered.

Mid-session Outlook(29-04-2013)

As previous 2 sessions range bound market with both lower levels buying and higher levels selling patterns between 5862-5922 therefore market was not prepared for any side decisive moves and trading as well as preparing for next moves between mentioned range.  

Some selling signals at higher levels today but lower levels good buying last Friday therefore firstly valid break out of 5862-5922 should be watched for next Short Term Trend confirmations.