NIFTY-Feb Call Option(6000)-Bought on 12-02-2013-Covering

NIFTY-(Jan CE-6000)-Bought on 12-02-2013--Cover immediately-CMP-48(Lalit39)

Post-open Outlook(13-02-2013)

Although strong rally today but when Indian markets were in Red after weaker IIP data then also we did not posted Bearish views but on the contrary told for Up Moves:-

1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"

2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"

Strong rally today but equally strong resistances are between 5970-5984 and once sustaining above 5984 will mean fast up moves after Pre Budget Rally confirmations.   

Pull Back rally on Cards

Nifty-Intra Day Chart (Feb 11 to Feb 13,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Consolidation between 5883-5900.
2- 2 Sessions most time trading between 5883-5915
3- 2 Sessions actual trading between 5883-5927

Conclusions from 2 Sessions intra day chart analysis 

As 2 Sessions most time trading between 5883-5915 with lower levels good supports and consolidation patterns formations therefore this range broken out in last hour on 12-02-2013. Expected that Pull Back rally will be seen in the coming sessions but resistances are lying between 5930-5984 therefore fresh consolidation is required for sustaining above 5984 and market will take its complete time to complete consolidation process.

Firstly Pull Back rally is expected and after sustaining above 5984 strong rally will be seen.

FII & DII trading activity in Capital Market Segment on 12-Feb-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 12-Feb-2013 2528.32 1924.16 604.16

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 12-Feb-2013 814.97 1227.12 -412.15

FII Trading Data in Derivatives Segment on 12-Feb-2013

Indian Stock Markets Closing Reports(12-Feb-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- CNX Midcap and CNX Smallcap closed in Red.
3- White Candle formation.

Ratios

Index Options Put Call Ratio: 0.98
Total Options Put Call Ratio: 0.92
Nifty P/E Ratio(12-Feb-2013): 17.83

Advances & Declines

BSE Advances :
BSE Declines :
NSE Advances :
NSE Declines :

Nifty Open Interest Changed Today

Nifty- 5800  CE(Feb)- 45,850(6.02%)
Nifty- 5800  PE(Feb)- -35,800(-0.55%)

Nifty- 5900  CE(Feb)- -7,800(-0.29%)
Nifty- 5900  PE(Feb)-  365,600(5.32%)

Nifty- 6000  CE(Feb)- -30,450(-0.52%)
Nifty- 6000  PE(Feb)-  34,600(0.93%)

Nifty- 6000  CE(Feb)- -27,350 (-0.37%)
Nifty- 6000  PE(Feb)- -48,150(-3.09%)

Closing 

Sensex- closed at 19561.04(100.47 Points & 0.52%)
Nifty- closed at 5,922.50(24.65 Points & 0.42%)
CNX Midcap - closed at 8,063.00(-30.35 Points & -0.37%)
CNX Smallcap- closed at 3,484.00(-11.65 Points & -0.33%)

Nifty Spot-Levels & Trading Strategy for 13-02-2013

Nifty Spot-Levels

R3 5978

R2 5952

R1 5937

Avg 5911

S1 5896

S2 5870

S3 5855

Nifty Spot-Trading Strategy

H6  5963    Trgt 2 

H5  5953    Trgt 1

H4  5944    Long breakout 

H3  5933    Go Short 

H2  5929 

H1  5925

L1  5918

L2  5914

L3  5910     Long 

L4  5899     Short Breakout 

L5  5890    Trgt 1 

L6  5880    Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 13-02-2013

Nifty(Feb Fut)-Levels

R3 6001

R2 5974

R1 5957

Avg 5930

S1 5913

S2 5886

S3 5869

Nifty(Feb Fut)-Trading Strategy

H6 5985     Trgt 2 

H5 5975     Trgt 1

H4 5965     Long breakout 

H3 5953     Go Short 

H2 5949

H1 5945

L1 5936

L2 5932

L3 5928     Long 

L4 5916     Short Breakout 

L5 5906     Trgt 1 

L6 5896     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 13-02-2013

Bank Nifty(Feb Fut)-Levels

R3 12649

R2 12559

R1 12508

Avg 12418

S1 12367

S2 12277

S3 12226

Bank Nifty(Feb Fut)-Trading Strategy

H6 12599     Trgt 2 

H5 12567     Trgt 1

H4 12534     Long breakout 

H3 12495     Go Short 

H2 12482

H1 12469

L1 12444

L2 12431

L3 12418     Long 

L4 12379     Short Breakout 

L5 12346     Trgt 1 

L6 12314     Trgt 2

NIFTY-Feb Call Option-Buying Trade

NIFTY-Feb Call Option(6000)-Buy-Positional-SL-24-TGT-64-CMP-42(Lalit39)

Pre-Closing Outlook(12-02-2013)

We never posted bearish views despite weaker IIP data but also told following lines:-

1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"

2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"

Last 2 days range broken out after lower levels good consolidations therefore more up moves are expected and strong rally will be seen after sustaining above next resistance

Mid-session Outlook-3(12-02-2013)

Although slipping from intraday high levels in last more than 90 minutes but intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased but its valid break out should also be firstly watched.

Mid-session Outlook-2(12-02-2013)

As down moves after weaker IIP data were lacking required force therefore we did not projected more down moves and told for next moves confirmations through valid break out 5883-5915. Yesterday higher levels selling and lower levels supports were seen within mentioned range and today negative news generated volatility is being seen.

As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered and valid break out above 5915 will mean rally possibility after on going correction completion strong indication.

Mid-session Outlook(12-02-2013)

Trading between 5889-5912 today but down moves were lacking required force after the news of weaker IIP data and valid break out of yesterday trading range(5883-5915) should be firstly watched for next moves confirmations.

Next Trend Decider 5883-5915

Technical Analysis and Market Outlook
(12-02-2013)

Nifty-Intra Day Chart (11-Feb-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5883-5900.
2- 5 Waves of Bearish Rising Wedge formation.
3- Selling between 5907-5915
4- Whole day actual trading between 5883-5915. 

Conclusions from intra day chart analysis 

Just click following topic link and understand Daily Chart analysis:-

Pre-Budget Rally after Correction Completion

32 Points narrow range trading with lower level supports and consolidations and slipping also from higher levels after Bearish Rising Wedge formation and selling as well. As  mixed intraday patterns formations within 5883-5915 today therefore its valid break out should be firstly watched tomorrow for following next decisive moves confirmations:-

1- 38.2%(5895) retracement completed on 08-02-2013 and sustaining below 5883 after follow up selling will mean testing possibility of next support at 5823.

2- Intraday support also seen near about 5895 today and sustaining above 5915 after follow up consolidation will mean Short Term Up moves possibility but on going correction completion confirmation will be above next resistance range(5930-5984).

Valid Break Out of 5883-5915 should be firstly watched tomorrow for next Trend confirmations.

FII & DII trading activity in Capital Market Segment on 11-Feb-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 11-Feb-2013 3630.49 2634.66 995.83

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Feb-2013 668.09 1608.99 -940.9

Indian Stock Markets Closing Reports(11-Feb-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.

2- Most Indices closed in Red but BANK NIFTY closed in Green.

3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.87

Total Options Put Call Ratio: 0.83

Nifty P/E Ratio(11-Feb-2013): 17.72

Advances & Declines

BSE Advances : 1,222

BSE Declines : 1,616 

NSE Advances :   622

NSE Declines :   897

Nifty Open Interest Changed Today

Nifty- 5700  CE(Feb)- -8,150(-2.76%) 

Nifty- 5700  PE(Feb)- -591,600(-10.15%)

Nifty- 5800  CE(Feb)- 106,700(16.28%)

Nifty- 5800  PE(Feb)- 397,450(6.48%)

Nifty- 5900  CE(Feb)- 432,750(19.40%)

Nifty- 5900  PE(Feb)- -265,200(-3.72%)

Nifty- 6000  CE(Feb)- 319,300(5.73%)

Nifty- 6000  PE(Feb)- -330,600(-8.17%)

Closing 

Sensex- closed at 19517(-24.20 Points & -0.12%)

Nifty- closed at 5,897.85(-5.65 Points & -0.10%)

CNX Midcap - closed at 8,093.35(-16.10 Points & -0.20%)

CNX Smallcap- closed at 3,495.65(-6.55 Points & -0.19%)

Nifty Spot-Levels & Trading Strategy for 12-02-2013

Nifty Spot-Levels

R3 5966
R2 5945
R1 5921
Avg 5900
S1 5876
S2 5855
S3 5831

Nifty Spot-Trading Strategy

H6 5942     Trgt 2
H5 5931     Trgt 1
H4 5921     Long breakout
H3 5909     Go Short
H2 5905
H1 5901
L1 5892
L2 5888
L3 5884     Long
L4 5872     Short Breakout
L5 5862     Trgt 1
L6 5851     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 12-02-2013

Nifty(Feb Fut)-Levels

R3 5969

R2 5953

R1 5937

Avg 5921

S1 5905

S2 5889

S3 5873

Nifty(Feb Fut)-Trading Strategy

H6 5953     Trgt 2 

H5 5945     Trgt 1

H4 5938     Long breakout 

H3 5929     Go Short 

H2 5926

H1 5923

L1 5918

L2 5915

L3 5912     Long 

L4 5903     Short Breakout 

L5 5896     Trgt 1 

L6 5888     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 12-02-2013

Bank Nifty(Feb Fut)-Levels

R3 12533

R2 12476

R1 12432

Avg 12375

S1 12331

S2 12274

S3 12230

Bank Nifty(Feb Fut)-Trading Strategy

H6 12489     Trgt 2 

H5 12466     Trgt 1

H4 12443     Long breakout 

H3 12415     Go Short 

H2 12406

H1 12397

L1 12378

L2 12369

L3 12360     Long 

L4 12332     Short Breakout 

L5 12309     Trgt 1 

L6 12286     Trgt 2

Mid-session Outlook-4(11-02-2013)

First 4 hours consolidation patterns and last 1 hour Bearish Rising Wedge formation therefore mixed intraday patterns formations and today trading range(5883-5915) valid break out shold be firstly watched tomorrow for next moves confirmations. 

Mid-session Outlook-3(11-02-2013)

4 hours trading between 5883-5910 with lower levels supports and  consolidations patterns but  complete consolidations is required for any decisive up move because multiple resistances at higher levels. As supports and consolidations seen near about 38.2% retracement level(5895) today therefore Short Term up moves expectations turned alive but firstly sustaining above 5910(today trading range high) and after that 5984(resistance) is must for any decisive up move confirmation. As correction is already on and fresh selling will mean fast down moves toward next 50.0% retracement level(5829).
   

For next move confirmation firstly valid break out of 5883-5910 should be watched. 

Mid-session Outlook-2(11-02-2013)

As intraday supports with consolidations patterns indications near about 38.2% retracement level(5895) therefore up moves expectations turned alive from here but complete consolidations is required because multiple resistances at higher levels and sustaining above 5905 will be Short Term Up move confirmation.

Mid-session Outlook(11-02-2013)

Although most time negative zone trading with continuous new intraday lows formations but intraday consolidations patterns indications also therefore up moves expectations are still alive.

Post-open Outlook(11-02-2013)

Nifty is hovering around 38.2% retracement level(5895) and follow up positions near it about will tell about correction continuation toward 50.0% retracement level(5829) or up moves after complete consolidations because multiple resistances at higher levels.

Today first hour trading between 5893-5905 with intraday consolidations patterns indications and expected that Nifty will trade some more time near about this range. Let market prepare for next moves then will be updated according to intraday charts formations and it should be kept in mind that down moves will be sharp but up moves will be slow up to 5984.

Pre-open Outlook(11-02-2013)

All the Asian markets are closed today therefore Indian markets will take sentiment from US markets which closed positive last Friday. Short term Indicators are oversold after previous week sharp fall and resistances between 5930-5984 therefore fresh consolidation is required for sustaining above mentioned range and market will take complete time to complete consolidation process.

Pre-Budget Rally after Correction Completion

Technical Analysis,Research & Weekly Outlook

(Feb 11 to Feb 15,2013)

Nifty-EOD Chart (08-Feb-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 continuation(4770.35 on 04-06-2012)
5- Sub Wave-1 gained 578.20 points(5348.55 on 10-07-2012)
6- Sub Wave-2(5032.40 on 26-07-2012)
7- Sub Wave-3 gained 782.95 points(5815.35 on 05-10-2012)
8- Sub Wave-4(5548.35 on 20-11-2012)
9- Sub Wave-5(6111.80 on 29-01-2013)

Conclusions from EOD chart analysis 

Correction continuation after Sub Wave-5 completion and its recent bottom formation at 5883.65 on 08-02-2013. Sub-Wave-5 started from 5548 and completed at 6111 and its Fibonacci retracement levels are as follows:-

38.2%- 5895
50.0%- 5829
61.8%- 5763

38.2%(5895) retracement has been completed on 08-02-2013 but closing was above it at 5903.50 and slipping below it will mean testing possibility of next support at 5823 as well as next retracement level at 5829.

As strong supports(5823)are lying near 50 %(5829) retracement levels therefore high possibility of correction completion and up moves beginning from near about these levels and will be certainly considered if intraday charts will start to show consolidations there. Expected that consolidation will start near about 5823 or above it in next week and Pre-Budget Rally will commence after on going correction completion.

FII Trading Data in Derivatives Segment on 08-Feb-2013

FII & DII trading activity in Capital Market Segment on 08-Feb-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 08-Feb-2013 4385.02 2894.2 1490.82

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 08-Feb-2013 953.3 1662.66 -709.36

Indian Stock Markets Closing Reports(08-Feb-2013)

Main features of today trading are as follows

1- All the Indices closed in Red except CNX INFRA and CNX IT.

2- Closing at the lowest of the day.

3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.96

Total Options Put Call Ratio: 0.90

Nifty P/E Ratio(08-Feb-2013): 17.75

Advances & Declines

BSE Advances : 1,005

BSE Declines : 1,837 

NSE Advances :   449

NSE Declines : 1,077

Nifty Open Interest Changed Today

Nifty- 5700  CE(Feb)- -6,650(-2.20%)

Nifty- 5700  PE(Feb)- -344,600(-5.58%)

Nifty- 5800  CE(Feb)- 147,200(28.96%)

Nifty- 5800  PE(Feb)- 736,300(%)

Nifty- 5900  CE(Feb)- 648,450(40.99%)

Nifty- 5900  PE(Feb)- 1,055,450(17.36%)

Nifty- 6000  CE(Feb)- 885,350(18.89%)

Nifty- 6000  PE(Feb)- -213,400(-5.01%)

Nifty- 6100  CE(Feb)- 268,550(3.61%)

Nifty- 6100  PE(Feb)- -57,150(-3.31%)

Closing 

Sensex- closed at 19,484.77(-95.55 Points & -0.49%)

Nifty- closed at 5,903.50(-35.30 Points & -0.59%)

CNX Midcap - closed at 8,109.45(-62.35 Points & -0.76%)

CNX Smallcap- closed at  3,502.20(-32.60 Points & -0.92%)

Nifty Spot-Levels & Trading Strategy for 11-02-2013

Nifty Spot-Levels

R3 6013
R2 5983
R1 5943
Avg 5913
S1 5873
S2 5843
S3 5803

Nifty Spot-Trading Strategy

H6 5973     Trgt 2
H5 5957     Trgt 1
H4 5941     Long breakout
H3 5922     Go Short
H2 5915
H1 5909
L1 5896
L2 5890
L3 5883     Long
L4 5864     Short Breakout
L5 5848     Trgt 1
L6 5832     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 11-02-2013

Nifty(Feb Fut)-Levels

R3 6035

R2 6004

R1 5962

Avg 5931

S1 5889

S2 5858

S3 5816

Nifty(Feb Fut)-Trading Strategy

H6 5994     Trgt 2 

H5 5977     Trgt 1

H4 5961     Long breakout 

H3 5941     Go Short 

H2 5934

H1 5927

L1 5914

L2 5907

L3 5900     Long 

L4 5880     Short Breakout 

L5 5864     Trgt 1 

L6 5847     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 11-02-2013

Bank Nifty(Feb Fut)-Levels

R3 12567
R2 12508
R1 12428
Avg 12369
S1 12289
S2 12230
S3 12150

Bank Nifty(Feb Fut)-Trading Strategy

H6 12487     Trgt 2
H5 12455     Trgt 1
H4 12424     Long breakout
H3 12386     Go Short
H2 12373
H1 12360
L1 12335
L2 12322
L3 12309     Long
L4 12271     Short Breakout
L5 12240     Trgt 1
L6 12208     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Feb 11 to Feb 15,2013)

Nifty Spot-Weekly Levels

R3 6156

R2 6097

R1 6000

Avg 5941

S1 5844

S2 5785

S3 5688

Nifty Spot-Weekly Trading Strategy 

H6 6059     Trgt 2 

H5 6024     Trgt 1

H4 5988     Long breakout 

H3 5945     Go Short 

H2 5931

H1 5917

L1 5888

L2 5874

L3 5860     Long 

L4 5817     Short Breakout 

L5 5781     Trgt 1 

L6 5746     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Feb 11 to Feb 15,2013)

Bank Nifty Spot-Weekly Levels

R3 13065

R2 12894

R1 12587

Avg 12416

S1 12109

S2 11938

S3 11631

Bank Nifty Spot-Weekly Trading Strategy 

H6 12759     Trgt 2 

H5 12651     Trgt 1

H4 12542     Long breakout 

H3 12411     Go Short 

H2 12367

H1 12323

L1 12236

L2 12192

L3 12148     Long 

L4 12017     Short Breakout 

L5 11908     Trgt 1 

L6 11800     Trgt 2

Post-closing Report(08-02-2013)

Certainly misunderstood market today.Sorry.

NIFTY-Feb Call Option(6000)-Positional Buying of 07-02-2013-Covering

NIFTY-Feb Call Option(6000)-Positional Bought on 07-02-2013-Cover immediately-CMP-38(Lalit39)

Mid-session Outlook(08-02-2013)

Although market slipped from higher levels and also trading below yesterday lowest but intraday patterns are not suggesting selling but on the contrary showing consolidation formations therefore up moves continuation hopes are still alive with same expectations which were updated yesterday in previous Outlook.

Up Moves after Correction Completion Today

Nifty-Intra Day Chart (07-Feb-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5928-5938
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 5928-5978 

Conclusions from intra day chart analysis 

Although previous support at 5941 broken down and trading below it also today but Whole day down moves in Bullish Falling Channel as well as lower levels supports therefore fresh up moves will begin from tomorrow and Nifty will trade between 6000-6100 in the coming sessions after correction completion today.

FII Trading Data in Derivatives Segment on 07-Feb-2013

FII & DII trading activity in Capital Market Segment on 07-Feb-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 07-Feb-2013 3121.19 2294.05 827.14

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Feb-2013 827.75 1817.48 -989.73

Indian Stock Markets Closing Reports(07-Feb-2013)

Main features of today trading are as follows

1- All the Indices closed in Red except CNX IT and CNX AUTO.
2- Slipping after weaker GDP data.
3- Inverted Hammer/Gravestone Doji Bullish formation.

Ratios

Index Options Put Call Ratio: 0.91
Total Options Put Call Ratio: 0.86
Nifty P/E Ratio(07-Feb-2013):17.85

Advances & Declines

BSE Advances :   966
BSE Declines : 1,868
NSE Advances :   445
NSE Declines : 1,043

Nifty Open Interest Changed Today

Nifty- 5700  CE(Feb)- -12,300(-3.91%)
Nifty- 5700  PE(Feb)-  226,050(3.79%)

Nifty- 5800  CE(Feb)- 53,200(11.48%)
Nifty- 5800  PE(Feb)- 873,700(18.87%)

Nifty- 5900  CE(Feb)- 210,500(15.20%)
Nifty- 5900  PE(Feb)- 918,550(17.19%)

Nifty- 6000  CE(Feb)- 707,150(17.51%)
Nifty- 6000  PE(Feb)- 103,250(2.47%)

Nifty- 6100  CE(Feb)- 1,056,850(16.51%)
Nifty- 6100  PE(Feb)- -113,850(-6.17%)

Closing 

Sensex- closed at 19,580.32(-59.40 Points & -0.30%)
Nifty- closed at 5,938.80(-20.40 Points & -0.34%)
CNX Midcap - closed at 8,171.80(-66.45 Points & -0.81%)
CNX Smallcap- closed at 3,534.80(-44.80 Points & -1.25%)

Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2013

Nifty(Feb Fut)-Levels

R3 6040
R2 6016
R1 5988
Avg 5964
S1 5936
S2 5912
S3 5884

Nifty(Feb Fut)-Trading Strategy

H6 6013     Trgt 2
H5 6001     Trgt 1
H4 5989     Long breakout
H3 5975     Go Short
H2 5970
H1 5965
L1 5956
L2 5951
L3 5946     Long
L4 5932     Short Breakout
L5 5920     Trgt 1
L6 5908     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2013

Nifty(Feb Fut)-Levels

R3 6040

R2 6016

R1 5988

Avg 5964

S1 5936

S2 5912

S3 5884

Nifty(Feb Fut)-Trading Strategy

H6 6013     Trgt 2 

H5 6001     Trgt 1

H4 5989     Long breakout 

H3 5975     Go Short 

H2 5970

H1 5965

L1 5956

L2 5951

L3 5946     Long 

L4 5932     Short Breakout 

L5 5920     Trgt 1 

L6 5908     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2013

Bank Nifty(Feb Fut)-Levels

R3 12680

R2 12606

R1 12512

Avg 12438

S1 12344

S2 12270

S3 12176

Bank Nifty(Feb Fut)-Trading Strategy

H6 12586     Trgt 2 

H5 12548     Trgt 1

H4 12510     Long breakout 

H3 12464     Go Short 

H2 12448

H1 12433

L1 12402

L2 12387

L3 12371     Long 

L4 12325     Short Breakout 

L5 12287     Trgt 1 

L6 12249     Trgt 2

NIFTY-Feb Call Option-Buying Trade

NIFTY-Feb Call Option(6000)-Positional-SL-34-TGT-78-CMP-56(Lalit39)

Pre-Closing Outlook(07-02-2013)

Although down moves after weaker GDP data and now again slipped below 5941 but today down moves are without required force and in Bullish Falling Channel also therefore view is not bearish despite trading below 5941. Sustaining below today lows will be watched tomorrow for next down moves confirmations because lower levels supports seen today. 

Mid-session Outlook(07-02-2013)

Although sharp fall in CNX MIDCAP,CNX SMALLCAP and Nifty is trading below 5941 after loosing all intraday gains but negative news led down moves therefore view will be Bearish after sustaining below 5941 for next down moves toward 55823.

FY 13 GDP Growth forecast at 5%

As GDP below expectations therefore sentiment dampened and market slipped from intraday higher levels. Although all the positive and negative impact will be discounted within 5941-5984 and its valid break out will give next moves confirmation but down moves after GDP News are not forceful therefore view has not turned Bearish yet.

Post-open Outlook-3(07-02-2013)

As intraday charts showed consolidation patterns also despite higher levels selling and closing at lowest of the day yesterday therefore Indian markets are up while most Asian markets are in Red today. 

We did not posted Bearish views yesterday and told for valid break out of 5941-5984 for next trend confirmation. As good recovery from lower levels today therefore sustaining above 5984 should be firstly watched now for correction completion and Short term up moves confirmation.