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Indian Stock Markets Closing Reports(23-May-2013)
Main features of today trading are as follows
Index Options Put Call Ratio: 1.17
Total Options Put Call Ratio: 1.11
Nifty P/E Ratio(23-May-2013): 17.71
Advances & Declines
BSE Advances : 596
BSE Declines : 1,734
NSE Advances : 235
NSE Declines : 1,164
Nifty Open Interest Changed Today
Nifty- 5700 CE(May)- -95,050(-8.26%)
Nifty- 5700 PE(May)- 551,000(8.46%)
Nifty- 5800 CE(May)- -91,400(-6.49%)
Nifty- 5800 PE(May)- 1,373,200(25.47%)
Nifty- 5900 CE(May)- 974,050(48.43%)
Nifty- 5900 PE(May)- -1,025,450(-12.37%)
Nifty- 6000 CE(May)- 3,015,700(105.91%)
Nifty- 6000 PE(May)- -1,711,550(-24.11%)
Nifty- 6100 CE(May)- 910,300(15.06%)
Nifty- 6100 PE(May)- -2,663,950(-46.11%)
Nifty- 6200 CE(May)- -1,671,000(-21.38%)
Nifty- 6200 PE(May)- -1,372,000(-43.13%)
Closing
Sensex- closed at 19,674.33(-387.91 Points & -1.93%)
Nifty- closed at 5,967.05(-127.45 Points & -2.09%)
CNX Midcap - closed at 7,802.05(-164.80 Points & -2.07%)
CNX Smallcap- closed at 3,184.80(-95.90 Points & -2.92%)
Nifty Spot-Levels & Trading Strategy for 24-05-2013
Nifty Spot-Levels
R3 6173
R2 6127
R1 6047
Avg 6001
S1 5921
S2 5875
S3 5795
Nifty Spot-Trading Strategy
H6 6093 Trgt 2
H5 6064 Trgt 1
H4 6036 Long breakout
H3 6001 Go Short
H2 5990
H1 5978
L1 5955
L2 5943
L3 5932 Long
L4 5897 Short Breakout
L5 5869 Trgt 1
L6 5840 Trgt 2
R3 6173
R2 6127
R1 6047
Avg 6001
S1 5921
S2 5875
S3 5795
Nifty Spot-Trading Strategy
H6 6093 Trgt 2
H5 6064 Trgt 1
H4 6036 Long breakout
H3 6001 Go Short
H2 5990
H1 5978
L1 5955
L2 5943
L3 5932 Long
L4 5897 Short Breakout
L5 5869 Trgt 1
L6 5840 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 24-05-2013
Nifty(May Fut)-Levels
R3 6173
R2 6126
R1 6046
Avg 5999
S1 5919
S2 5872
S3 5792
Nifty(May Fut)-Trading Strategy
H6 6093 Trgt 2
H5 6064 Trgt 1
H4 6035 Long breakout
H3 6000 Go Short
H2 5989
H1 5977
L1 5954
L2 5942
L3 5931 Long
L4 5896 Short Breakout
L5 5867 Trgt 1
L6 5838 Trgt 2
R3 6173
R2 6126
R1 6046
Avg 5999
S1 5919
S2 5872
S3 5792
Nifty(May Fut)-Trading Strategy
H6 6093 Trgt 2
H5 6064 Trgt 1
H4 6035 Long breakout
H3 6000 Go Short
H2 5989
H1 5977
L1 5954
L2 5942
L3 5931 Long
L4 5896 Short Breakout
L5 5867 Trgt 1
L6 5838 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 24-05-2013
Bank Nifty(May Fut)-Levels
R3 13158
R2 13024
R1 12808
Avg 12674
S1 12458
S2 12324
S3 12108
Bank Nifty(May Fut)-Trading Strategy
H6 12943 Trgt 2
H5 12863 Trgt 1
H4 12784 Long breakout
H3 12688 Go Short
H2 12656
H1 12624
L1 12559
L2 12527
L3 12495 Long
L4 12399 Short Breakout
L5 12320 Trgt 1
L6 12240 Trgt 2
R3 13158
R2 13024
R1 12808
Avg 12674
S1 12458
S2 12324
S3 12108
Bank Nifty(May Fut)-Trading Strategy
H6 12943 Trgt 2
H5 12863 Trgt 1
H4 12784 Long breakout
H3 12688 Go Short
H2 12656
H1 12624
L1 12559
L2 12527
L3 12495 Long
L4 12399 Short Breakout
L5 12320 Trgt 1
L6 12240 Trgt 2
Mid-session Outlook (23-05-2013)
Firstly sharp down and after that more than 3 hours trading between 5972-6006 with mixed patterns. As Correction continuation therefore firstly break out of above mentioned range and following 2 levels should also be watched for of correction completion if moves below 5972:-
1- 38.2% Retracement level- 5941
2- Next strong supports- 5935-5960
As 38.2% Retracement level lies between next strong support range therefore sustaining beyond above support range should also be watched for the confirmation of correction completion.
1- 38.2% Retracement level- 5941
2- Next strong supports- 5935-5960
As 38.2% Retracement level lies between next strong support range therefore sustaining beyond above support range should also be watched for the confirmation of correction completion.
Mid-session Outlook(22-05-2013)
Although most time trading in positive zone and now trading also in Green but today intraday charts are showing selling patterns therefore correction continuation possibility turned alive.
Mid-session Outlook(21-05-2013)
Following technical view was updated yesterday in Technical Analysis and Market Outlook(21-05-2013):-
Indicators are showing negative divergence in Overbought zone and Short Term correction is very much due but complete selling patterns are required on EOD charts for its beginning. Intraday or very Short term correction can be seen any day in heated yesterday market and it was seen also but let follow up selling develop and Nifty to sustain below next immediate support(6147) then Short Term correction will be considered.
Following guidance was updated today in Post-open Outlook(21-05-2013):-
Nifty is trading below 6147 now and firstly sustaining it beyond should be watched for correction continuation/completion.
Almost 3 hours trading below 6147 with intraday consolidation patterns between 6120-6135 and after that up moves seen above 6147. As today consolidation is just below last Friday consolidation range(6147-6165) therefore a strong signal of correction completion but confirmation will be after sustaining above 6165.
Indicators are showing negative divergence in Overbought zone and Short Term correction is very much due but complete selling patterns are required on EOD charts for its beginning. Intraday or very Short term correction can be seen any day in heated yesterday market and it was seen also but let follow up selling develop and Nifty to sustain below next immediate support(6147) then Short Term correction will be considered.
Following guidance was updated today in Post-open Outlook(21-05-2013):-
Nifty is trading below 6147 now and firstly sustaining it beyond should be watched for correction continuation/completion.
Almost 3 hours trading below 6147 with intraday consolidation patterns between 6120-6135 and after that up moves seen above 6147. As today consolidation is just below last Friday consolidation range(6147-6165) therefore a strong signal of correction completion but confirmation will be after sustaining above 6165.
Valid break out of 6120-6165 should be watched now for on going correction continuation/completion confirmation.
Post-open Outlook(21-05-2013)
As slipping below 6147 was expected therefore following conclusive lines were told yesterday;-
1- let follow up selling develop and Nifty to sustain below next immediate support(6147) then Short Term correction will be considered.
2- sustaining beyond 3 Sessions range should be firstly watched today for the beginning of Short Term correction below 6146 or rally continuation above 6229.
1- let follow up selling develop and Nifty to sustain below next immediate support(6147) then Short Term correction will be considered.
2- sustaining beyond 3 Sessions range should be firstly watched today for the beginning of Short Term correction below 6146 or rally continuation above 6229.
Nifty is trading below 6147 now and firstly sustaining it beyond should be watched for correction continuation/completion.
Technical Analysis and Market Outlook(21-05-2013)
Nifty-Intra Day Chart (May 16 to May 20,2013):-
Technical Patterns and Formations in last 3 Sessions intraday charts
1- Selling between 6176-6186 on 16-05-2013
2- Good consolidation between 6147-6165 on 17-05-2013
3- Selling between 6221-6229 on 20-05-2013
4- 3 Sessions actual trading between 6146-6229
As selling developed immediately after opening today therefore following lines were told at:-
1- 11:46 AM- "Selling patterns formations between 6221-6229 today"
2- 12:04 PM- " Next immediate moves preparations will be done between 6147-6229"
Selling was told between 6221-6229 and Nifty could not move above 6229 as well as slipped sharply after our Outlook and Nifty traded whole day within our mentioned trading range(6147-6229) also.
Yesterday lowest was at 6,146.05 and highest at 6,229.45.
Indicators are showing negative divergence in Overbought zone and Short Term correction is very much due but complete selling patterns are required on EOD charts for its beginning. Intraday or very Short term correction can be seen any day in heated yesterday market and it was seen also but let follow up selling develop and Nifty to sustain below next immediate support(6147) then Short Term correction will be considered.
3 Sessions actual trading between 6146-6229 with lower levels good consolidation last Friday and higher levels selling also therefore mixed patterns and sustaining beyond 3 Sessions range should be firstly watched today for the beginning of Short Term correction below 6146 or rally continuation above 6229.
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1- Selling between 6176-6186 on 16-05-2013
2- Good consolidation between 6147-6165 on 17-05-2013
3- Selling between 6221-6229 on 20-05-2013
4- 3 Sessions actual trading between 6146-6229
Conclusions from 3 Sessions intra day chart analysis
As selling developed immediately after opening today therefore following lines were told at:-
1- 11:46 AM- "Selling patterns formations between 6221-6229 today"
2- 12:04 PM- " Next immediate moves preparations will be done between 6147-6229"
Selling was told between 6221-6229 and Nifty could not move above 6229 as well as slipped sharply after our Outlook and Nifty traded whole day within our mentioned trading range(6147-6229) also.
Yesterday lowest was at 6,146.05 and highest at 6,229.45.
Indicators are showing negative divergence in Overbought zone and Short Term correction is very much due but complete selling patterns are required on EOD charts for its beginning. Intraday or very Short term correction can be seen any day in heated yesterday market and it was seen also but let follow up selling develop and Nifty to sustain below next immediate support(6147) then Short Term correction will be considered.
3 Sessions actual trading between 6146-6229 with lower levels good consolidation last Friday and higher levels selling also therefore mixed patterns and sustaining beyond 3 Sessions range should be firstly watched today for the beginning of Short Term correction below 6146 or rally continuation above 6229.
FII & DII trading activity in Capital Market Segment on 20-May-2013
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Indian Stock Markets Closing Reports(20-May-2013)
Main features of today trading are as follows
Ratios
Index Options Put Call Ratio: 1.24
Total Options Put Call Ratio: 1.15
Nifty P/E Ratio(20-May-2013): 18.23
Advances & Declines
BSE Advances : 1,121
BSE Declines : 1,304
NSE Advances : 596
NSE Declines : 818
Nifty Open Interest Changed Today
Nifty- 5900 CE(May)- -109,650(-4.67%)
Nifty- 5900 PE(May)- -259,350(-3.45%)
Nifty- 6000 CE(May)- -265,600(-8.40%)
Nifty- 6000 PE(May)- -642,950(-7.69%)
Nifty- 6100 CE(May)- -414,600(-7.39%)
Nifty- 6100 PE(May)- -167,100(-2.89%)
Nifty- 6200 CE(May)- -396,200(-5.26%)
Nifty- 6200 PE(May)- -149,000(-3.13%)
Nifty- 6300 CE(May)- 456,850(8.20%)
Nifty- 6300 PE(May)- 205,900(25.96%)
Closing
Sensex- closed at 20,223.98(-62.14 Points & -0.31%)
Nifty- closed at 6,156.90(-30.40 Points & -0.49%)
CNX Midcap - closed at 8,130.35(-56.30 Points & -0.69%)
CNX Smallcap- closed at 3,358.95(-13.95 Points & -0.41%)
Nifty Spot-Levels & Trading Strategy for 21-05-2013
Nifty Spot-Levels
R3 6291
R2 6260
R1 6208
Avg 6177
S1 6125
S2 6094
S3 6042
Nifty Spot-Trading Strategy
H6 6239 Trgt 2
H5 6220 Trgt 1
H4 6201 Long breakout
H3 6178 Go Short
H2 6171
H1 6163
L1 6148
L2 6140
L3 6133 Long
L4 6110 Short Breakout
L5 6091 Trgt 1
L6 6072 Trgt 2
R3 6291
R2 6260
R1 6208
Avg 6177
S1 6125
S2 6094
S3 6042
Nifty Spot-Trading Strategy
H6 6239 Trgt 2
H5 6220 Trgt 1
H4 6201 Long breakout
H3 6178 Go Short
H2 6171
H1 6163
L1 6148
L2 6140
L3 6133 Long
L4 6110 Short Breakout
L5 6091 Trgt 1
L6 6072 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 21-05-2013
Nifty(May Fut)-Levels
R3 6302
R2 6270
R1 6217
Avg 6185
S1 6132
S2 6100
S3 6047
Nifty(May Fut)-Trading Strategy
H6 6249 Trgt 2
H5 6229 Trgt 1
H4 6210 Long breakout
H3 6187 Go Short
H2 6179
H1 6171
L1 6156
L2 6148
L3 6140 Long
L4 6117 Short Breakout
L5 6098 Trgt 1
L6 6078 Trgt 2
R3 6302
R2 6270
R1 6217
Avg 6185
S1 6132
S2 6100
S3 6047
Nifty(May Fut)-Trading Strategy
H6 6249 Trgt 2
H5 6229 Trgt 1
H4 6210 Long breakout
H3 6187 Go Short
H2 6179
H1 6171
L1 6156
L2 6148
L3 6140 Long
L4 6117 Short Breakout
L5 6098 Trgt 1
L6 6078 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 21-05-2013
Bank Nifty(May Fut)-Levels
R3 13532
R2 13440
R1 13285
Avg 13193
S1 13038
S2 12946
S3 12791
Bank Nifty(May Fut)-Trading Strategy
H6 13377 Trgt 2
H5 13321 Trgt 1
H4 13265 Long breakout
H3 13197 Go Short
H2 13175
H1 13152
L1 13107
L2 13084
L3 13062 Long
L4 12994 Short Breakout
L5 12938 Trgt 1
L6 12882 Trgt 2
R3 13532
R2 13440
R1 13285
Avg 13193
S1 13038
S2 12946
S3 12791
Bank Nifty(May Fut)-Trading Strategy
H6 13377 Trgt 2
H5 13321 Trgt 1
H4 13265 Long breakout
H3 13197 Go Short
H2 13175
H1 13152
L1 13107
L2 13084
L3 13062 Long
L4 12994 Short Breakout
L5 12938 Trgt 1
L6 12882 Trgt 2
Pre-Closing Outlook(20-05-2013)
As soon as selling developed then following line was told today at 11:46:00 AM
Although some up moves were seen after lower levels consolidations but again development of follow up selling and breaking down of today lows.
As good consolidations between 6147-6165 last Friday and until Nifty will not sustain below 6147 till then Short Term down trend will not be considered and at present range bound market will be understood between 6147-6229 and sustaining beyond this range will be next Short Term Trend confirmation.
Selling patterns formations between 6221-6229 today
Although some up moves were seen after lower levels consolidations but again development of follow up selling and breaking down of today lows.
As good consolidations between 6147-6165 last Friday and until Nifty will not sustain below 6147 till then Short Term down trend will not be considered and at present range bound market will be understood between 6147-6229 and sustaining beyond this range will be next Short Term Trend confirmation.
Mid-session Outlook-3(20-05-2013)
Although Nifty is trading near the lows of the day after higher levels selling today but emergence of consolidation patterns formation also during last more than 1 hour. Firstly valid break out of today trading range(6194-6229) should be watched for next immediate move confirmations.
Mid-session Outlook-2(20-05-2013)
Good consolidations between 6147-6165 last Friday and today selling between 6221-6229 therefore now range bound market will be seen 6147-6229 today and possibly tomorrow. Next immediate moves preparations will be done between 6147-6229.
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