Post-open Outlook(07-03-2013)

Following lines were told yesterday in Technical Analysis and Market Outlook(07-03-2013):-

1- good selling at higher levels today and follow up selling tomorrow will mean firstly down moves toward 5665 after completion of Bounce back.
2- As mixed intraday positions today therefore Nifty will firstly trade and prepare for next moves between today trading range.
3- Although down moves below 5796 are expected but valid break out of 5796-5828 should be watched tomorrow for next moves confirmations.

Down moves were expected and Nifty is trading in Red since opening today with lowest formation at 5801.30. Valid break out of 5796-5828 should be firstly watched today for next trend confirmations.

Technical Analysis and Market Outlook(07-03-2013)

Nifty-Intra Day Chart (06-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5796-5802
2- Selling between 5818-5828
3- Whole day actual trading between 5796-5828 

Conclusions from intra day chart analysis 

Strong Global cues led gap up opening and slow up moves after lower levels supports but higher levels good selling also despite closing near intraday higher levels. As mixed intraday positions today therefore Nifty will firstly trade and prepare for next moves between today trading range. It should be kept in mind that good selling at higher levels today and follow up selling tomorrow will mean firstly down moves toward 5665 after completion of Bounce back. 

Although down moves below 5796 are expected but valid break out of 5796-5828 should be watched tomorrow for next moves confirmations. 

FII & DII trading activity in Capital Market Segment on 06-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Mar-2013 3505.68 2981.63 524.05

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Mar-2013 938.92 1538.91 -599.99

Nifty Spot-Levels & Trading Strategy for 07-03-2013

Nifty Spot-Levels

R3 5865
R2 5846
R1 5832
Avg 5813
S1 5799
S2 5780
S3 5766

Nifty Spot-Trading Strategy

H6 5851     Trgt 2
H5 5843     Trgt 1
H4 5836     Long breakout
H3 5827     Go Short
H2 5824
H1 5821
L1 5814
L2 5811
L3 5808     Long
L4 5799     Short Breakout
L5 5792     Trgt 1
L6 5784     Trgt 2

FII Trading Data in Derivatives Segment on 06-Mar-2013

Nifty(Mar Fut)-Levels & Trading Strategy for 07-03-2013

Nifty(Mar Fut)-Levels

R3 5891
R2 5870
R1 5855
Avg 5834
S1 5819
S2 5798
S3 5783

Nifty(Mar Fut)-Trading Strategy

H6 5877     Trgt 2
H5 5868     Trgt 1
H4 5860     Long breakout
H3 5850     Go Short
H2 5847
H1 5844
L1 5837
L2 5834
L3 5831     Long
L4 5821     Short Breakout
L5 5813     Trgt 1
L6 5804     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 07-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12033
R2 11988
R1 11955
Avg 11910
S1 11877
S2 11832
S3 11799

Bank Nifty(Mar Fut)-Trading Strategy

H6 12000     Trgt 2
H5 11982     Trgt 1
H4 11964     Long breakout
H3 11943     Go Short
H2 11936
H1 11929
L1 11914
L2 11907
L3 11900     Long
L4 11879     Short Breakout
L5 11861     Trgt 1
L6 11843     Trgt 2

Mid-session Outlook-2(06-03-2013)

Following lines have been told in both previous Outlooks:-

1- lacking strength and view is cautious because emergence of selling signals also
2- As today up moves are without required force and it is selling signal therefore view is cautious
3- As consolidations are required for decisive up moves and continuation of yesterday started rally therefore Nifty will prepare for next moves between 5795-5821 and break out of this range will give confirmation of market reaction toward mentioned resistance.
4- valid break out of mentioned range will give next trend confirmations and should be firstly watched.

Although Nifty moved and traded half hour above 5821 as well as formed intraday high at 5,828.25 but again slipped below 5821 and then again traded at 5811. At present lower levels supports and higher levels selling confirmations between 5795-5828 and follow up moves within this range in the coming hours as well as valid break out of 5795-5828 should be watched now for next moves confirmations.

Mid-session Outlook(06-03-2013)

As today up moves are without required force and it is selling signal therefore view is cautious. Nifty is trading between resistance range(5800-5895) and intraday corrections with consolidations are required for decisive up moves within this range. 

Nifty firstly traded at 5821 within 1st minute of opening and since then trading below it after forming lowest at 5795.05. As consolidations are required for decisive up moves and continuation of yesterday started rally therefore Nifty will prepare for next moves between 5795-5821 and break out of this range will give confirmation of market reaction toward mentioned resistance and:-

1- Above 5821 will mean up moves after possibility of follow up consolidations within resistance range.
2- Below 5795 will mean down moves and strengthening of resistance.

Follow up moves in the coming hours and valid break out of mentioned range will give next trend confirmations and should be firstly watched.

Post-open Outlook(06-03-2013)

Positive zone trading after after good gap up opening but lacking strength and view is cautious because emergence of selling signals also.

Technical Analysis and Market Outlook(06-03-2013)

Nifty-Intra Day Chart (05-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 5725-5740 
2- Consolidation Patterns between 5747-5757 
3- Whole day actual trading between 5725-5789

Conclusions from intra day chart analysis 

Whole day up moves with lower level consolidations and closing near higher levels of the day but multiple resistances between 5800-5895 therefore more consolidation is required for any decisive up moves between and above this range. Intermediate and Short term trends are down and Long Term Trend is up,Pull Back Rally continuation after panic bottom formation after Budget and more up moves will be seen also because no selling seen yesterday. Lot of consolidations between 5800-5895 and more confirmations are required for the projection of rally formations,let it happen then will be updated accordingly. Firstly following retracement levels should be watched for the targets of on going up moves:-

27.0%- 5784
38.2%- 5834(Most crucial)
50.0%- 5887(Most crucial)
61.8%- 5940(Most crucial)
70.7%- 5980

FII & DII trading activity in Capital Market Segment on 05-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-Mar-2013 3439.84 3219.05 220.79

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Mar-2013 1164.08 1408.88 -244.8

FII Trading Data in Derivatives Segment on 05-Mar-2013

Nifty Spot-Levels & Trading Strategy for 06-03-2013

Nifty Spot-Levels

R3 5876

R2 5833

R1 5808

Avg 5765

S1 5740

S2 5697

S3 5672

Nifty Spot-Trading Strategy

H6 5852     Trgt 2 

H5 5837     Trgt 1

H4 5821     Long breakout 

H3 5802     Go Short 

H2 5796

H1 5790

L1 5777

L2 5771

L3 5765     Long 

L4 5746     Short Breakout 

L5 5730     Trgt 1 

L6 5715     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 06-03-2013

Nifty(Mar Fut)-Levels

R3 5909

R2 5858

R1 5830

Avg 5779

S1 5751

S2 5700

S3 5672

Nifty(Mar Fut)-Trading Strategy

H6 5882     Trgt 2 

H5 5863     Trgt 1

H4 5845     Long breakout 

H3 5823     Go Short 

H2 5816

H1 5809

L1 5794

L2 5787

L3 5780     Long 

L4 5758     Short Breakout 

L5 5740     Trgt 1 

L6 5721     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 06-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12118

R2 11988

R1 11914

Avg 11784

S1 11710

S2 11580

S3 11506

Bank Nifty(Mar Fut)-Trading Strategy

H6 12047     Trgt 2 

H5 11999     Trgt 1

H4 11952     Long breakout 

H3 11896     Go Short 

H2 11877

H1 11858

L1 11821

L2 11802

L3 11783     Long 

L4 11727     Short Breakout 

L5 11680     Trgt 1 

L6 11632     Trgt 2

Pre-Closing Outlook(05-03-2013)

As extremely busy therefore Mid-session Outlooks could not be updated today

Only Up moves,Bounce back or Pull Back rally was told in almost all the previous Outlooks and Benchmark Indices are more than 1.3% up today. As multiple resistances between 5800-5895 therefore more consolidation is required for any decisive up moves above it. Today rally has not shown any selling formation yet therefore more up moves possibility is still alive

Technical Analysis and Market Outlook(05-03-2013)

Nifty-Intra Day Chart (04-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5667-5685
2- Whole day actual trading between 5667-5708 

Conclusions from intra day chart analysis 

As same view therefore being repeated which was told in following lines yesterday in Pre-Closing Outlook:-

"lower levels supports and consolidations patterns but up moves were without force and it is selling  signal therefore valid break out above 5704 should be firstly watched now for the  possibility of bounce back or Pull Back rally"

FII & DII trading activity in Capital Market Segment on 04-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Mar-2013 3422.48 3452.58 -30.1

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Mar-2013 958.88 1069.96 -111.08

FII Trading Data in Derivatives Segment on 04-Mar-2013

Nifty Spot-Levels & Trading Strategy for 05-03-2013

Nifty Spot-Levels

R3 5768
R2 5740
R1 5719
Avg 5691
S1 5670
S2 5642
S3 5621

Nifty Spot-Trading Strategy

H6 5747     Trgt 2
H5 5736     Trgt 1
H4 5724     Long breakout
H3 5711     Go Short
H2 5706
H1 5702
L1 5693
L2 5689
L3 5684     Long
L4 5671     Short Breakout
L5 5659     Trgt 1
L6 5648     Trgt 2

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

Nifty(Mar Fut)-Levels

R3 5781

R2 5753

R1 5734

Avg 5706

S1 5687

S2 5659

S3 5640

Nifty(Mar Fut)-Trading Strategy

H6 5763     Trgt 2 

H5 5752     Trgt 1

H4 5741     Long breakout 

H3 5728     Go Short 

H2 5724

H1 5720

L1 5711

L2 5707

L3 5703     Long 

L4 5690     Short Breakout 

L5 5679     Trgt 1 

L6 5668     Trgt 2

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

Bank Nifty(Mar Fut)-Levels

R3 11842

R2 11749

R1 11686

Avg 11593

S1 11530

S2 11437

S3 11374

Bank Nifty(Mar Fut)-Trading Strategy

H6 11780     Trgt 2 

H5 11744     Trgt 1

H4 11708     Long breakout 

H3 11665     Go Short 

H2 11651

H1 11637

L1 11608

L2 11594

L3 11580     Long 

L4 11537     Short Breakout 

L5 11501     Trgt 1 

L6 11465     Trgt 2

Pre-Closing Outlook(04-03-2013)

Trading near higher levels(5704) of today after lower levels supports and consolidations patterns but up moves were without force and it is selling  signal therefore valid break out above 5704 should be firstly watched now for the  possibility of bounce back or Pull Back rally.

Mid-session Outlook-2(04-03-2013)

Although lower levels supports and consolidations patterns formation but signals of selling patterns also at higher levels today.  Valid break out of today trading range(5668-5704) should be firstly watched for next immediate moves confirmations.

Mid-session Outlook(04-03-2013)

Negative zone trading since opening between 5668-5704 with lower levels supports and consolidation patterns formations therefore emergence of some up moves possibilities. As lot of consolidation is required for decisive up moves and Indian markets are in the grip of as well therefore valid break out of mentioned today trading range should be firstly watched for next immediate moves confirmations.

Long Term Trend Decider 5548

Technical Analysis,Research & Weekly Outlook

(Mar 04 to Mar 08,2013)

Nifty-EOD Chart (01-Mar-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4770.35 on 04-06-2012(Corrective Wave-2 completion and impulsive Wave-3 beginning)
2- Sub Wave-1(5348.55 on 10-07-2012)
3- Sub Wave-2(5032.40 on 26-07-2012)
4- Sub Wave-3(5815.35 on 05-10-2012)
5- Sub Wave-4(5548.35 on 20-11-2012)
6- Sub Wave-5(6111.80 on 29-01-2013)
7- 'ABC' correction after Sub Wave-5 completion.-
8- Wave-A(5853.90 on 15-02-2013)
9- Wave-B(5971.00 on 20-02-2013)
10- Wave-C continuation(5671.90 on 28-02-2013)
11- Correction after Bearish Head and Shoulders pattern formations in 61 sessions with Neckline at 5823
11- Strong Support at 5548.35. 
12- 200 Day EMA-5650.

Conclusions from EOD chart analysis 

Most Bearish Head and Shoulders pattern formations in 61 sessions and its neckline broken down confirmation through sustaining below 5823 in previous week. As Correction after Sub Wave-5 completion at 6111.80 therefore whole up moves will be corrected which started from 4770.35 on 04-06-2012 and firstly complete retracement of Sub Wave-5 which begun from 5548.35 can not be ruled. Although Long Term Trend decider 200 Day EMA is at 5650 but possibility of slipping below also. As strong support at 5548.35 therefore finally sustaining it beyond will decide Long Term Trend in the coming week.  

Following Fibonacci Retracement Levels should be watched for completion of on going correction:-

13.0%- 5936 (Corrected)
23.6%- 5794 (Corrected)
27.0%- 5748 (Corrected)
38.2%- 5598 (Most crucial Levels)
50.0%- 5440 (Most crucial Levels)
61.8%- 5282 (Most crucial Levels)
70.7%- 5162
76.4%- 5086
78.6%- 5056
88.6%- 4922

Short Term Indicators are oversold therefore Pull Back Rally may be seen any day after some intraday or 1/2 days consolidations but complete consolidations are required for decisive up moves and crossing multiple resistances at higher levels.

Pre-open Outlook(04-03-2013)

Following conclusive line was told in Pre-Closing Outlook on 01-03-2013:-

"As intraday selling also at higher levels today therefore more down moves possibility is still alive"

As Nifty traded narrow between 5692-5739 last Friday with higher levels selling therefore more down moves possibility toward 5548 today,

FII Trading Data in Derivatives Segment on 01-Mar-2013

FII & DII trading activity in Capital Market Segment on 01-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 01-Mar-2013 3876.99 3250.1 626.89

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Mar-2013 1251.36 1297.21 -45.85

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

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 0.86

Total Options Put Call Ratio: 0.85

Nifty P/E Ratio(01-Mar-2013): 17.26

Advances & Declines

BSE Advances : 1,287

BSE Declines : 1,568 

NSE Advances :   664

NSE Declines :   863

Nifty Open Interest Changed Today

Nifty- 5600  CE(Mar)- 201,200(33.39%) 

Nifty- 5600  PE(Mar)- 875,250(22.49%)

Nifty- 5700  CE(Mar)- 991,950(63.64%) 

Nifty- 5700  PE(Mar)- 561,000(9.11%)

Nifty- 5800  CE(Mar)- 111,750(3.02%)

Nifty- 5800  PE(Mar)- -451,550(-8.85%)

Nifty- 5900  CE(Mar)- 698,950(15.54%)

Nifty- 5900  PE(Mar)- 68,850(2.45%)

Nifty- 6000  CE(Mar)- 505,900(9.45%)

Nifty- 6000  PE(Mar)- -135,750(-6.45%)

Closing 

Sensex- closed at 18,918.52(56.98 Points & 0.30%)

Nifty- closed at 5,719.70(26.65 Points & 0.47%)

CNX Midcap - closed at 7,622.40( 82.05Points & 1.09%)

CNX Smallcap- closed at 3,268.35(0.70 Points & 0.02%)

Nifty Spot-Levels & Trading Strategy for 04-03-2013

Nifty Spot-Levels

3 5805

R2 5772

R1 5745

Avg 5712

S1 5685

S2 5652

S3 5625

Nifty Spot-Trading Strategy

H6 5779     Trgt 2 

H5 5765     Trgt 1

H4 5752     Long breakout 

H3 5735     Go Short 

H2 5730

H1 5724

L1 5713

L2 5708

L3 5702     Long 

L4 5686     Short Breakout 

L5 5672     Trgt 1 

L6 5658     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 04-03-2013

Nifty(Mar Fut)-Levels

R3 5810
R2 5783
R1 5756
Avg 5729
S1 5702
S2 5675
S3 5648

Nifty(Mar Fut)-Trading Strategy

H6 5783     Trgt 2
H5 5770     Trgt 1
H4 5758     Long breakout
H3 5743     Go Short
H2 5738
H1 5733
L1 5724
L2 5719
L3 5714     Long
L4 5699     Short Breakout
L5 5687     Trgt 1
L6 5674     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 04-03-2013

Bank Nifty(Mar Fut)-Levels

R3 11779

R2 11712

R1 11645

Avg 11578

S1 11511

S2 11444

S3 11377

Bank Nifty(Mar Fut)-Trading Strategy

H6  11712    Trgt 2 

H5  11682    Trgt 1

H4  11651    Long breakout 

H3  11614    Go Short 

H2  11602

H1  11590

L1  11565

L2  11553

L3  11541    Long 

L4  11504    Short Breakout 

L5  11473    Trgt 1 

L6  11443    Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Mar 04 to Mar 08,2013)

Nifty Spot-Weekly Levels

R3 6046
R2 596
R1 5840
Avg 5756
S1 5634
S2 5550
S3 5428

Nifty Spot-Weekly Trading Strategy 

H6 5926     Trgt 2
H5 5879     Trgt 1
H4 5832     Long breakout
H3 5775     Go Short
H2 5756
H1 5737
L1 5700
L2 5681
L3 5662     Long
L4 5605     Short Breakout
L5 5558     Trgt 1
L6 5511     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Mar 04 to Mar 08,2013)

Bank Nifty Spot-Weekly Levels

R3 12722
R2 12430
R1 11985
Avg 11693
S1 11248
S2 10956
S3 10511

Bank Nifty Spot-Weekly Trading Strategy 

H6 12285     Trgt 2
H5 12115     Trgt 1
H4 11945     Long breakout
H3 11742     Go Short
H2 11675
H1 11607
L1 11472
L2 11404
L3 11337     Long
L4 11134     Short Breakout
L5 10964     Trgt 1
L6 10794     Trgt 2

Pre-Closing Outlook(01-03-2013)

Quiet market today after steep fall yesterday and today minor up moves are only correction of yesterday fall. As complely range bound market today and intraday chats are showing mixed patterns therefore follow up moves will be watched next Monday for the confirmations of correction completion/continuation.

As intraday selling also at higher levels today therefore more down moves possibility is still alive.

Mid-session Outlook(01-03-2013)

As sharp down yesterday after disappointing Budget in very short term indicators moving into Oversold zone yesterday therefore minor up moves today. Next strong supports are at 5548.35 and slipping up to that level can not be ruled out. Very short term up moves may be seen any time but decisive up moves will be possible only after complete consolidations.

Pull Back rally may be possible but after some consolidations,let it happen first then will be considered.

Technical Analysis and Research For 01-03-2013

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

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 61 sessions sideways trading between 5823-6111. 
2- Head and Shoulders pattern formations in last 61 sessions with Neckline at 5823.
3- Neckline Broken down on 26-02-2013 
4- 3 Consecutive closing below 5823 in previous sessions.

Conclusions from EOD chart analysis 

61 sessions sideways trading between 5823-6111 with trend reversal bearish Head and Shoulders pattern formations and 3 Consecutive closing below its Neckline(5823) in previous sessions therefore its breaking down confirmations. Now more down moves are expected toward next supports at 5548.35

Pre-Closing Outlook(01-03-2013)

Indian markets gave weakness confirmations yesterday therefore some more down moves are expected and 5548.35 will be watched because good supports there.

Pre-Closing Outlook(28-02-2013)

Routine eventless Budget without big proposals and no significant impact therefore market tumbled during and after Budget. Today is 3rd day below 5823 and today again slipped from it as well as going to close below it also therefore confirmations of 5823 breaking down resultant more down moves possibility toward 5548. 

Mid-session Outlook-2(28-02-2013)

As market will react on Budget proposals differently and may be volatile also as well as technical positions reverses in such news based moves therefore next trend confirmations should be finally drawn from forceful break out of 5823 or sustaining it beyond. 

Mid-session Outlook(28-02-2013)

Increase of Subsidies and market does not like it therefore emergence of down moves possibilities also and finally sustaining beyond 5823 should be watched after for post Budget market trend.

Post-open Outlook(28-02-2013)

As intraday mixed patterns were seen between 5795-5818 yesterday and fresh consolidation is required for sustaining above it therefore immediate down moves after gap up opening may be for it also. Weakness should not be concluded from today first hour down moves and slipping below 5823 and Stop Loss should be rather longer because volatility may be high today.

Emergence of consolidation indications today therefore development of up moves expectation after Budget.

Next Big Trend beyond 5823 after Budget

Nifty-Intra Day Chart (27-Feb-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5749-5782 
2- Mixed Patterns between 5795-5818
3- Whole day actual trading between 5749-5818 

Conclusions from intra day chart analysis 

As first 3 hours lower levels good consolidations therefore fresh selling is required for sustaining below 5749 but last 3 hours trading with mixed Patterns therefore follow up consolidation is also required for any decisive up move above 5818.

61 previous sessions sideways trading between 5823-6111 and most Bearish Head and Shoulders pattern formations with Neckline at 5823 within this range. Although its Neckline has already been Broken down on 26-02-2013 but breaking down confirmation is required yet therefore Indian markets are technically well poised to respond and react according to Budget today and finally sustaining beyond Neckline(5823) will give following moves confirmations:-

1- Below 5823 will mean fast 5647/5548
2- Above 5823 will be strong indication of correction correction completion and confirmation will be after valid break out of next multiple resistances up to 6111.

Pre-open Outlook(28-02-2013)

Gap up opening today because strong global cues today morning but market will be quiet before Budget and will be volatile also during Budget speech according to its announcements. As previous 2 sessions closing below Neckline(5823) and today closing below it will mean breaking down confirmation through 3 sessions closing below it but closing above 5823 will also mean indication of strong rally after market and industry favourable Budget.

Neither Bullish nor Bearish and should be firstly watched sustaining beyond 5823 after Budget for next big trend strong indication 

Mid-session Outlook(27-02-2013)

When Nifty was trading in Red near today lower levels then bounce back possibility was told at 10:48 AM today and it was seen also and now Nifty is trading above 5800 as well. 

Although I always give range for confirmation of next moves and Trends but can not be given today because news based highly volatile markets and without any base formations.

Firstly validity of yesterday breaking down has to be decided and sustaining beyond 5823 will be watched specially after Budget and then next big trend will be decided accordingly and it should be kept in mind that:-

1- Market is well prepared for big down moves and that will trigger after confirmation of sustaining below 5823.
2- Only big announcements in Budget may save Indian markets from going into Bear grip and strong rally after Budget will be its strong indication as well as confirmation will be after sustaining above crucial Resistances.

Post-open Outlook(27-02-2013)

No respite,under performance than Global markets and down moves continuations after positive opening but Budget announcement tomorrow therefore a bounce back possibility can not be ruled out because very short term indicators are Oversold now.

Last hope for Bulls is Union Budget

Nifty-EOD Chart (26-Feb-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4770.35 on 04-06-2012(Corrective Wave-2 completion and impulsive Wave-3 beginning)
2- 5348.55 on 10-07-2012(Sub Wave-1)
3- 5032.40 on 26-07-2012(Sub Wave-2)
4- 5815.35 on 05-10-2012(Sub Wave-3)
5- 5548.35 on 20-11-2012(Sub Wave-4)
6- 6111.80 on 29-01-2013(Sub Wave-5)
7- 61 sessions sideways trading between 5823-6111. 
8- Head and Shoulders pattern formations in last 61 sessions with Neckline at 5823.
9- Neckline Broken down on 26-02-2013 

Conclusions from EOD chart analysis 

Neckline of trend reversal Bearish Head and Shoulders broken down today after following negative news:-

1- US markets closed more than 1.55% to 2.22% down on 25-02-2013.
2- Most Asian markets closed near lowest levels with more than 1% down on 26-02-2013.
3- All European markets traded than 1.5%% weak during Indian trading hours.
4- Disappointing Railway Budget because increase in freight rates is bound to push all round inflation in the country.

A big trend reversal through 61 sessions trading range broken down today due to flood most unexpected negative news flow therefore confirmation is required yet through:-

1- 3 Sessions closing below 5823 or
2- 3% Down from 5823.

As today down moves were without as such selling formations therefore above mentioned confirmation is must for testing of following levels:-

1- 5647(200-Day EMA) because high possibility of its testing after Head and Shoulders like Bearish pattern confirmation.
2- 5548.35 because minimum whole Sub Wave-5 will retrace.

Most depressed sentiment today and last hope for Bulls is Union Budget on 28-02-2013.

Indian Stock Markets Closing Reports(26-Feb-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 0.79

Total Options Put Call Ratio: 0.77

Nifty P/E Ratio(26-Feb-2013): 17.38

Advances & Declines

BSE Advances :   724 

BSE Declines : 2,136  

NSE Advances :   273

NSE Declines : 1,266

Nifty Open Interest Changed Today

Nifty- 5600  CE(Feb)- 6,700(2.69%)

Nifty- 5600  PE(Feb)- 348,400(6.29%)

Nifty- 5700  CE(Feb)- 483,250(121.21%)

Nifty- 5700  PE(Feb)- -150,500(-2.71%)

Nifty- 5800  CE(Feb)- 2,227,100(117.45%)

Nifty- 5800  PE(Feb)- -742,050(-10.44%)

Nifty- 5900  CE(Feb)- 1,261,250(18.87%)

Nifty- 5900  PE(Feb)- -1,278,100(-26.69%)

Closing 

Sensex- closed at 19,015.14(-316.55 Points & -1.64%)

Nifty- closed at 5,761.35(-93.40 Points & -1.60%)

CNX Midcap - closed at 7,718.40(-143.80 Points & -1.83%)

CNX Smallcap- closed at 3,316.30(-75.05 Points & -2.21%)

FII & DII trading activity in Capital Market Segment on 26-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 26-Feb-2013 3150.24 3075.56 74.68

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Feb-2013 1213.8 1374.41 -160.61

FII Trading Data in Derivatives Segment on 26-Feb-2013

Nifty Spot-Levels & Trading Strategy for 27-02-2013

Nifty Spot-Levels

R3 5906

R2 5872

R1 5816

Avg 5782

S1 5726

S2 5692

S3 5636

Nifty Spot-Trading Strategy

H6  5851    Trgt 2 

H5  5830    Trgt 1

H4  5810    Long breakout 

H3  5785    Go Short 

H2  5777

H1  5769

L1  5752

L2  5744

L3  5736    Long 

L4  5711    Short Breakout 

L5  5691    Trgt 1 

L6  5670    Trgt 2