Nifty Spot-Levels & Trading Strategy for 02-07-2013

Nifty Spot-Levels

R3 6009
R2 5956
R1 5927
Avg 5874
S1 5845
S2 5792
S3 5763

Nifty Spot-Trading Strategy

H6 5981      Trgt 2
H5 5962     Trgt 1
H4 5943     Long breakout
H3 5920     Go Short
H2 5913
H1 5905
L1 5890
L2 5882
L3 5875     Long
L4 5852     Short Breakout
L5 5833     Trgt 1
L6 5814     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 02-07-2013

Nifty(Jul Fut)-Levels

R3 5988
R2 5942
R1 5917
Avg 5871
S1 5846
S2 5800
S3 5775

Trading Strategy

H6 5963     Trgt 2
H5 5947     Trgt 1
H4 5931     Long breakout
H3 5911     Go Short
H2 5905
H1 5898
L1 5885
L2 5878
L3 5872     Long
L4 5852     Short Breakout
L5 5836     Trgt 1
L6 5820     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 02-07-2013

Bank Nifty(Jul Fut)-Levels

R3 11951
R2 11853
R1 11796
Avg 11698
S1 11641
S2 11543
S3 11486

Bank Nifty(Jul Fut)-Trading Strategy

H6 11895     Trgt 2
H5 11860     Trgt 1
H4 11824     Long breakout
H3 11781     Go Short
H2 11767
H1 11753
L1 11724
L2 11710
L3 11696     Long
L4 11653     Short Breakout
L5 11617     Trgt 1
L6 11582     Trgt 2

As busy therefore next Outlook will be updated tomorrow

Finally Next Trend will be decided by 5761

Technical Analysis,Research & Weekly Outlook

(Jul 01 to Jul 05,2013)

Nifty-EOD Chart (28-Jun-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Rally beginning after 13 Months 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(5477.20 on 10-04-2012)
6- Wave-5(6229.45 on 20-05-2013) and 5 waves correction continuation
7- Recent bottom formation at 5566.25 on 24-06-2013

Nifty-EOD Chart (28-Jun-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-5 top formation at 6229.45 on 20-05-2013 and 5 waves correction continuation
2- Wave 1(5936.80 on 24-05-2012)
3- Wave 2(6133.75 on 30-05-2012)
4- Wave 3(5683.10 on 13-06-2013)
5- Wave 4(5863.40 on 13-06-2013)
6- Wave-5(5566.25 on 24-06-2013)
7- Strong Pull Back in previous 2 sessions and its high formation at 5852.95 on 28-06-2013.
8- 200 Day EMA(today at 5761) 

Conclusions from EOD chart analysis 

Strong Pull Back rally in previous 2 sessions and 5 waves correction completion confirmation but it does not mean that correction has been completed which started on 20-05-2013 from 6229.45 because that correction was after completion of 5 Bullish market waves and Nifty has to correct whole up move which started from 4531.15 on 20-12-2011.

It should be kept in mind that Wave-5 completion at 5566.25 on 24-06-2013 may be the completion of correction Wave-A completion and  previous 2 sessions may be Wave-B as well as corrective Wave-C possibility is still alive to move below recent low(5566.25)

As Global blasting markets and CCEA approval of gas price hike therefore strong Pull Back rally seen in previous 2 sessions and Nifty closed well above Long Term Trend decider 200-Day EMA. Sustaining it beyond should be firstly watched in the beginning of next week then next Long Term Trend will be considered accordingly. 

There should not be hurry for investments because on going correction is after completion of 5 Bullish market waves and much deeper correction may also be seen after confirmation of sustaining below 200-Day EMA(today at 5761). 

FII Trading Data in Derivatives Segment on 28-Jun-2013

FII & DII trading activity in Capital Market Segment on 28-Jun-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 28-Jun-2013 5792.07 4667.76 1124.31

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Jun-2013 1430.12 2011.4 -581.28

Indian Stock Markets Closing Reports(28-Jun-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.06
Total Options Put Call Ratio: 1.01
Nifty P/E Ratio(28-Jun-2013): 17.40

Advances & Declines

BSE Advances : 1,543
BSE Declines :   853
NSE Advances : 1,023
NSE Declines :   382

Nifty Open Interest Changed Today

Nifty- 5700  CE(Jul)- -335,900(-11.75%)
Nifty- 5700  PE(Jul)-  1,646,400(52.41%)

Nifty- 5800  CE(Jul)- -96,550(-2.62%)
Nifty- 5800  PE(Jul)-  1,683,850(99.10%)

Nifty- 5900  CE(Jul)- 773,950(23.61%)
Nifty- 5900  PE(Jul)- 377,750(32.03%)

Nifty- 6000  CE(Jul)- 1,001,950(30.76%)
Nifty- 6000  PE(Jul)- 42,300(2.86%)

Closing 

Sensex- closed at 19,395.81(519.86 Points & 2.75%)
Nifty- closed at 5,842.20(159.85 Points & 2.81%)
CNX Midcap - closed at 7,342.40(204.15 Points & 2.86%)
CNX Smallcap- closed at 2,906.85(75.95 Points & 2.68%)

Nifty Spot-Levels & Trading Strategy for 01-07-2013

Nifty Spot-Levels

R3 5982
R2 5917
R1 5879
Avg 5814
S1 5776
S2 5711
S3 5673

Nifty Spot-Trading Strategy

H6 5946     Trgt 2
H5 5922     Trgt 1
H4 5898     Long breakout
H3 5870     Go Short
H2 5860
H1 5851
L1 5832
L2 5823
L3 5813     Long
L4 5785     Short Breakout
L5 5761     Trgt 1
L6 5737     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 01-07-2013

Nifty(Jul Fut)-Levels

R3 5966
R2 5909
R1 5875
Avg 5818
S1 5784
S2 5727
S3 5693

Nifty(Jul Fut)-Trading Strategy

H6 5933     Trgt 2
H5 5912     Trgt 1
H4 5891     Long breakout
H3 5866     Go Short
H2 5857
H1 5849
L1 5832
L2 5824
L3 5815     Long
L4 5790     Short Breakout
L5 5769     Trgt 1
L6 5748     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 01-07-2013

Bank Nifty(Jul Fut)-Levels

R3 12049
R2 11859
R1 11750
Avg 11560
S1 11451
S2 11261
S3 11152

Bank Nifty(Jul Fut)-Trading Strategy

H6 11947     Trgt 2
H5 11876     Trgt 1
H4 11805     Long breakout
H3 11723     Go Short
H2 11695
H1 11668
L1 11613
L2 11586
L3 11558     Long
L4 11476     Short Breakout
L5 11405     Trgt 1
L6 11334     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jul 01 to Jul 05,2013)

Nifty Spot-Weekly Levels

R3 6226
R2 6039
R1 5940
Avg 5753
S1 5654
S2 5467
S3 5368

Nifty Spot-Weekly Trading Strategy 

H6 6142     Trgt 2
H5 6070     Trgt 1
H4 5999     Long breakout
H3 5920     Go Short
H2 5894
H1 5868
L1 5815
L2 5789
L3 5763     Long
L4 5684     Short Breakout
L5 5613     Trgt 1
L6 5541     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Jul 01 to Jul 05,2013)

Bank Nifty Spot-Weekly Levels

R3 12456
R2 12055
R1 11836
Avg 11435
S1 11216
S2 10815
S3 10596

Bank Nifty Spot-Weekly Trading Strategy 

H6 12269     Trgt 2
H5 12113     Trgt 1
H4 11958     Long breakout
H3 11787     Go Short
H2 11730
H1 11673
L1 11560
L2 11503
L3 11446     Long
L4 11276     Short Breakout
L5 11120     Trgt 1
L6 10964     Trgt 2

Pre-Closing Outlook(28-06-2013)

Nifty trade whole day today above Long Term Trend decider 200-Day EMA(5760) and now traded above next resistance range(5820-5852),sustaining above 5852 will be firstly watched in next week for Long Term Trend turning up confirmation.

Mid-session Outlook-2(28-06-2013)

Nifty is trading above 5800,next trend confirmation levels below and above it are as follows:-

1- Next resistances are between 5820-5852(above it will be rally and Long Term Trend turning up  confirmations
2- 200-Day EMA is at 5760(sustaining below it will mean more down moves after Pull Back rally termination.

Now sustaining beyond 5820-5852 should be watched.

Mid-session Outlook(28-06-2013)

As Global Bullish markets and CCEA approval of gas price hike yesterday therefore strong Indian markets today but price hike decision will be implemented from April 1, 2014. It should be kept in mind that this decision may be reverted also if 3rd front come into power after next General Elections because Communists are opposing it. Only news reaction and Benchmark Indices are more than 1.85% up today,let markets turn quiet and start to trade on technicals then actual trend will be understood because Long Term Trend decider 200-Day EMA is at stake.

Post-open Outlook(28-06-2013)

Nifty slipped below Long Term Trend decider 200-Day EMA after big gap down on 20-06-2013 after Fed Chairman Ben Bernanke announcement that U.S. central bank would slow its bond-buying programme but surprisingly all Global and Indian markets blasted after weaker growth data in US as well as Nifty is trading above 200-Day EMA today. Completely news based highly volatile all Global financial markets but that extreme reaction which is most confusing because we could not understand that how Fed Chairman Ben Bernanke may be so wrong that he will revert his Bond buying decision within 1 week only after 1 weaker weaker growth data. 

Either global financial markets manipulation or something else but it is true that Long Term Trend decider 200-Day EMA(5760) has been tested today and Nifty is hovering it around. News based high volatility and firstly sustaining beyond 200-Day EMA(5760) should be watched in the coming sessions and then next trend view should be formed accordingly.

Technical Analysis and Market Outlook(28-06-2013)

Last 30 hours Global markets were on that news based which was originally bad news(U.S. said quarterly growth may be weaker than expected) but expectation emerged that QE-3 will remain continued and U.S. central bank will not slow its bond-buying programme and resultant all the Global markets blasted. All the Global Financial markets crashed on 20-06-2013 after Fed Chairman Ben Bernanke announcement that the U.S. central bank would slow its bond-buying programme if the U.S. economy continues to strengthen.

It is beyond understanding that why Fed Chairman Ben Bernanke could not understand and within one week U.S. economy growth turned weak and how he will not be able to slow bond-buying programme as well as reverse his decision within one week. We don't know the fact and why such illogical things are coming from USA but resultant all Global markets are showing violent volatility on such highly confusing US announcements and assessments.

Markets are only news based now a days and US markets were almost 1% up today after yesterday good gains and European markets also closed strong today after yesterday good gains. Indian Rupee was also highly volatile in last 2 sessions therefore it will better to wait for 1/2 sessions and let market free from all these uncertain news flow then final view will be formed according to conclusive technical positions formations.

FII Trading Data in Derivatives Segment on 27-Jun-2013

FII & DII trading activity in Capital Market Segment on 27-Jun-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 27-Jun-2013 5110.77 6154.04 -1043.27

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Jun-2013 1290.11 931.73 358.38

Nifty Spot-Levels & Trading Strategy for 28-06-2013

Nifty Spot-Levels

R3 5779
R2 5739
R1 5710
Avg 5670
S1 5641
S2 5601
S3 5572

Nifty Spot-Trading Strategy

H6 5751     Trgt 2
H5 5735     Trgt 1
H4 5719     Long breakout
H3 5700     Go Short
H2 5694
H1 5688
L1 5675
L2 5669
L3 5663     Long
L4 5644     Short Breakout
L5 5628     Trgt 1
L6 5612     Trgt 2