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. 

Short Term Correction Possibility

Technical Analysis,Research & Weekly Outlook 

(Apr 29 to May 03,2013)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Impulsive Wave 3 completion at 6111.80 on 29-01-2013
2- Corrective Wave 4 continuation
3- Wave A(5663.60 on 04-03-2012)
4- Wave B(5971.20 on 11-03-2012)
5- Corrective Wave C of Wave 4 completion(5477.20 on 10-04-2013) 
6- Impulsive Wave 5 continuation and its top formation at 5924.60 on 25-04-2013.
3- Bearish Harami Candle formation on 26-04-2013 near the top of on going Wave-5

Conclusions from EOD chart analysis 

Impulsive Wave 1 begun at 4531.15 on 20-12-2011 after 13 Months correction completion and Wave 3 was completed at 6111.80 on 29-01-2013. Detailed analysis of Wave 1 to  Wave 3 has already been updated in following topic on 21-04-2013:- 

Wave 5 confirmations for new top of rally above 6111.80:-  

Impulsive Wave 5 is on after Wave 4 correction completion at 5477.20 on 10-04-2013 and its top formation at 5924.60 on 25-04-2013. Technically Wave-5 should form new top above the highest of Wave-3(6111.80). As per Elliot Wave Theory:-

Wave-3 should never be shorter than both Wave-1 and Wave-5

Wave-3 gained 1341.55 Points 6111.80(Wave-3 top)-4770.25(Wave-3 bottom)  

Wave-5 should not gain more than 1341.55 Points which started from 5477.20 therefore its highest level will be less than 6818.75(5477.20+1341.55)

Fibonacci Levels above Wave-3 top(6111.80) are as follows:-

113.0%- 6193
123.6%- 6260
127.0%- 6282
138.2%- 6353
150.0%- 5428
161.8%- 6502

As 161.8% is crucial therefore firstly its possibility will be considered. Technically Wave-5 failure or its completions after double top formations possibility should be kept in mind because it also happens sometimes. 

It is confirm that market require complete selling patterns minimum on Daily charts for reevrsal of Wave-5 and until that will not happen till then its continuation will be seen.

Nifty-Intra Day Chart (Apr 25 & Apr 26,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

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

Conclusions from 2 Sessions intra day chart analysis 

Range bound 2 sessions with both buying and selling patterns formations therefore mixed formations with good selling at higher levels and complete consolidations are required for next up moves above 5862.

Conclusions (After Putting All Studies Together)

All trends are up but Short term Indicators are overbought after 447 points rally in 10 sessions. As Bearish Harami Candle formation on 26-04-2013 near the top of on going rally with higher levels selling also in last 2 sessions between 5862-5922 therefore correction will also be considered and confirmations will be after valid breaking down of previous 2 sessions lowest(5862).   

As Political temperature will be high in next week because of CBI chief affidavit in Apex court disclosing P.M.interference therefore volatility will be high. Technically Short Term Correction is due and if political situations worsen then deeper correction will be seen. R.B.I. Credit Policy will be announced on 3rd May and high possibility of rates reduction as well as CRR cut. 

Technically up moves are expected after correction completion if no immediate risk to Manmohan Singh Government.

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

FII & DII trading activity in Capital Market Segment on 26-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 26-Apr-2013 3337.36 3112.61 224.75

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Apr-2013 1034.39 1412.17 -377.78

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

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.15
Total Options Put Call Ratio: 1.05
Nifty P/E Ratio(26-Apr-2013): 17.49

Advances & Declines

BSE Advances :   960
BSE Declines : 1,409
NSE Advances :   499
NSE Declines :   817

Nifty Open Interest Changed Today

Nifty- 5600  CE(May)- -58,200(-4.33%)
Nifty- 5600  PE(May)- -70,950(-2.01%)

Nifty- 5700  CE(May)- 11,600(0.43%)
Nifty- 5700  PE(May)- 314,550(6.89%)

Nifty- 5800  CE(May)- 20,850(0.60%)
Nifty- 5800  PE(May)- 241,400(4.96%)

Nifty- 5900  CE(May)- 422,500(10.14%)
Nifty- 5900  PE(May)- 345,750(11.84%)

Nifty- 6000  CE(May)- 582,350(17.49%)
Nifty- 6000  PE(May)- -63,800(-5.72%)

Closing 

Sensex- closed at 19,286.72(-120.13 Points & -0.62%)
Nifty- closed at 5,871.45(-44.85 Points & -0.76%)
CNX Midcap - closed at 7,715.15(-62.80 Points & -0.81%)
CNX Smallcap- closed at 3,219.55(-43.45 Points & -1.33%)

Nifty Spot-Levels & Trading Strategy for 29-04-2013

Nifty Spot-Levels

R3 5945
R2 5926
R1 5898
Avg 5879
S1 5851
S2 5832
S3 5804

Nifty Spot-Trading Strategy

H6 5918     Trgt 2
H5 5907     Trgt 1
H4 5896     Long breakout
H3 5883     Go Short
H2 5879
H1 5875
L1 5866
L2 5862
L3 5858     Long
L4 5845     Short Breakout
L5 5834     Trgt 1
L6 5823     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 29-04-2013

Nifty(May Fut)-Levels

R3 5955
R2 5937
R1 5912
Avg 5894
S1 5869
S2 5851
S3 5826

Nifty(May Fut)-Trading Strategy

H6 5930     Trgt 2
H5 5920     Trgt 1
H4 5910     Long breakout
H3 5898     Go Short
H2 5894
H1 5890
L1 5883
L2 5879
L3 5875     Long
L4 5863     Short Breakout
L5 5853     Trgt 1
L6 5843     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 29-04-2013

Bank Nifty(May Fut)-Levels

R3 12824
R2 12747
R1 12625
Avg 12548
S1 12426
S2 12349
S3 12227

Bank Nifty(May Fut)-Trading Strategy

H6 12703     Trgt 2
H5 12658     Trgt 1
H4 12613     Long breakout
H3 12558     Go Short
H2 12540
H1 12522
L1 12485
L2 12467
L3 12449     Long
L4 12394     Short Breakout
L5 12349     Trgt 1
L6 12304     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Apr 29 to May 03,2013)

Nifty Spot-Weekly Levels

R3 6069
R2 5997
R1 5934
Avg 5862
S1 5799
S2 5727
S3 5664

Nifty Spot-Weekly Trading Strategy 

H6 6007     Trgt 2
H5 5976     Trgt 1
H4 5945     Long breakout
H3 5908     Go Short
H2 5895
H1 5883
L1 5858
L2 5846
L3 5833     Long
L4 5796     Short Breakout
L5 5765     Trgt 1
L6 5734     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Apr 29 to May 03,2013)

Bank Nifty Spot-Weekly Levels

R3 13192
R2 12974
R1 12753
Avg 12535
S1 12314
S2 12096
S3 11875

Bank Nifty Spot-Weekly Trading Strategy 

H6 12979     Trgt 2
H5 12877     Trgt 1
H4 12774     Long breakout
H3 12653     Go Short
H2 12613
H1 12573
L1 12492
L2 12452
L3 12412     Long
L4 12291     Short Breakout
L5 12188     Trgt 1
L6 12086     Trgt 2

Mid-session Outlook-2(26-04-2013)

Although gap up strong opening yesterday but we were cautious because of already mentioned negative news flow and markets turned range bound. As some cooling of(or correction) was also required after 7 sessions strong rally therefore 2 sessions range bound market between 5862-5922 with high volatility yesterday. Sometimes Bull markets does not correct deep and completes correction with range bound mode therefore following ranges valid break out should be firstly watched now:-

1- 5876-5909(most time trading today and yesterday)
2- 5862-5922(Actual trading range of yesterday after high volatility in last hours)

Mid-session Outlook(26-04-2013)

Almost following lines were told yesterday in Technical Analysis and Market Outlook(26-04-2013):-

1- high volatility in last hours and mentioned range broken out both sides. As technical positions reverses during such volatility and negative news flow(Tension with China and JPC report on Coal scam) also therefore view is cautious.
2- sustaining beyond 5876-5909 should be firstly watched tomorrow for next Short Term Trend confirmations.

Nifty is trading and preparing for next trend within mentioned range since opening today and could not sustain at higher levels. Following conclusions will be drawn after sustaining beyond mentioned range:- 

1- Below 5876 will mean correction of previous 7 sessions strong rally.
2- Above 5909 will mean rally continuation with high possibility of strong rally after crossing on going resistance range(5820-5965).

Technical Analysis and Market Outlook(26-04-2013)

Nifty-Intra Day Chart (25-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Up moves in Rising Channel.
2- First 5 hours narrow range trading between 5876-5909
2- High volatility in last hours.
3- Whole day actual trading between 5862-5923.

Conclusions from intra day chart analysis 

First 5 hours narrow range trading between 5876-5909 with up moves in Rising Channel after gap up opening and channel down but high volatility in last hours and mentioned range broken out both sides. As technical positions reverses during such volatility and negative news flow(Tension with China and JPC report on Coal scam) also therefore view is cautious.

All trends are up and technically no selling today therefore rally continuation is expected in the coming sessions but view is cautious and sustaining beyond 5876-5909 should be firstly watched tomorrow for next Short Term Trend confirmations.

FII Trading Data in Derivatives Segment on 25-Apr-2013

FII & DII trading activity in Capital Market Segment on 25-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 25-Apr-2013 6226.62 4776.92 1449.7

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 25-Apr-2013 1054.58 2324.01 -1269.43

Indian Stock Markets Closing Reports(25-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.21
Total Options Put Call Ratio: 1.17
Nifty P/E Ratio(25-Apr-2013): 17.61

Advances & Declines

BSE Advances : 1,220
BSE Declines : 1,166
NSE Advances :   720
NSE Declines :   612

Nifty Open Interest Changed Today

Nifty- 5600  CE(May)- 229,900(20.62%)
Nifty- 5600  PE(May)- 857,350(32.10%)

Nifty- 5700  CE(May)- 473,450(21.30%)
Nifty- 5700  PE(May)- 1,879,850(70.01%)

Nifty- 5800  CE(May)- 242,450(7.47%)
Nifty- 5800  PE(May)- 2,482,850(104.17%)

Nifty- 5900  CE(May)- 430,650(11.53%)
Nifty- 5900  PE(May)- 2,176,000(292.12%)

Nifty- 6000  CE(May)- 864,400(35.07%)
Nifty- 6000  PE(May)- 515,000(85.73%)

Closing 

Sensex- closed at 19,406.85(227.49 Points & 1.19%)
Nifty- closed at 5,916.30(79.40 Points & 1.36%)
CNX Midcap - closed at 7,777.95(43.40 Points & 0.56%)
CNX Smallcap- closed at 3,263.00(11.95 Points & 0.37%)

Nifty Spot-Levels & Trading Strategy for 26-04-2013

Nifty Spot-Levels

R3 6013
R2 5968
R1 5942
Avg 5897
S1 5871
S2 5826
S3 5800

Nifty Spot-Trading Strategy

H6 5987     Trgt 2
H5 5971     Trgt 1
H4 5955     Long breakout
H3 5935     Go Short
H2 5929
H1 5922
L1 5909
L2 5902
L3 5896     Long
L4 5876     Short Breakout
L5 5860     Trgt 1
L6 5844     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 26-04-2013

Nifty(May Fut)-Levels

R3 5994
R2 5963
R1 5942
Avg 5911
S1 5890
S2 5859
S3 5838

Nifty(May Fut)-Trading Strategy

H6 5973     Trgt 2
H5 5961     Trgt 1
H4 5949     Long breakout
H3 5935     Go Short
H2 5930
H1 5925
L1 5916
L2 5911
L3 5906     Long
L4 5892     Short Breakout
L5 5880     Trgt 1
L6 5868     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 26-04-2013

Bank Nifty(May Fut)-Levels

R3 12894
R2 12808
R1 12742
Avg 12656
S1 12590
S2 12504
S3 12438

Bank Nifty(May Fut)-Trading Strategy

H6 12829     Trgt 2
H5 12794     Trgt 1
H4 12759     Long breakout
H3 12717     Go Short
H2 12703
H1 12689
L1 12662
L2 12648
L3 12634     Long
L4 12592     Short Breakout
L5 12557     Trgt 1
L6 12522     Trgt 2

Pre-Closing Outlook(25-04-2013)

All trends are up and intraday volatility today and first 4 hours narrow range trading(5876-5909) broken down and broken out because of negative news flow and derivative closing today. 

As technically no selling despite negative news flow today therefore rally continuation is expected.

Mid-session Outlook-2(25-04-2013)

First more than 4 hours narrow range trading between 5876-5909 after gap up opening but that negative news flow also which may hamper Bullish markets therefore valid break out of this range should be watched for very short term trend confirmations.

Mid-session Outlook(25-04-2013)

Technically no selling today despite negative news flow and rally continuation. All Trends are up and now trading at near about higher levels of next strong resistances(5820-5965). Wave-5 is on for trading above 6110 and once crossing of mentioned resistance range will mean fast rally toward next resistance range(6050-6110)

Post-open Outlook(25-04-2013)

As good supports at lower levels in both previous sessions with Bullish pattern formations on 23-04-2013 also therefore rally continuation expectation was updated on 24-04-2013 in Technical Analysis and Market Outlook(25-04-2013) and it was seen also through strong gap up opening today.  Most negative news flows today and that has also been updated in previous Outlook therefore  view is cautious. Confirmations are firstly required now through sustaining above 5844 and it should be firstly watched despite trading at much higher level at 5888 at this moment.

Pre-open Outlook(25-04-2013)

As following negative news flow also therefore next moves confirmations is firstly required today through valid break out of previous 2 sessions range(5790-5844):-

1- Border tension escalation with China.
2- JPC report on Coal scam
3- Parliament adjournment possibility on the the demand of Prime Minister resignation.

Technical Analysis and Market Outlook(25-04-2013)

Nifty-Intra Day Chart (Apr 22 and Apr 23,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 5820-5833 on 22-04-2013
2- Support between 5795-5810 in both sessions.
3- Bearish Rising Wedge formations in last hour on 22-04-2013
4- Bullish Falling channel formations on 23-04-2013 
5- 2 Sessions actual trading between 5790-5844.

Conclusions from 2 Sessions intra day chart analysis 

Although some higher levels selling and Bearish Rising Wedge formations on 22-04-2013 but good supports at lower levels in both sessions and Bullish Falling channel formations on 23-04-2013 also therefore no threat to on going up trend and rally continuation is expected in the coming session. 

FII & DII trading activity in Capital Market Segment on 23-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 23-Apr-2013 2375.76 2149.55 226.21

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Apr-2013 587.25 1115.54 -528.29

FII Trading Data in Derivatives Segment on 23-Apr-2013

Indian Stock Markets Closing Reports(23-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.31
Total Options Put Call Ratio: 1.23
Nifty P/E Ratio(23-Apr-2013): 17.42

Advances & Declines

BSE Advances : 1,124
BSE Declines : 1,238
NSE Advances :   648
NSE Declines :   675

Nifty Open Interest Changed Today

Nifty- 5600  CE(Apr)- -597,600(-27.47%)
Nifty- 5600  PE(Apr)- -1,043,600(-10.72%)

Nifty- 5700  CE(Apr)- -561,600(-19.31%)
Nifty- 5700  PE(Apr)-  166,500(2.33%)

Nifty- 5800  CE(Apr)- -882,750(-14.08%)
Nifty- 5800  PE(Apr)-  510,650(9.03%)

Nifty- 5900  CE(Apr)- 383,450(5.00%)
Nifty- 5900  PE(Apr)- 334,550(27.81%)

Closing 

Sensex- closed at 19,179.36(9.53 Points & 0.05%)
Nifty- closed at 5,836.90(2.50 Points & 0.04%)
CNX Midcap - closed at 7,734.55(-30.25 Points & -0.39%)
CNX Smallcap- closed at 3,251.05(6.90 Points & 0.21%)

Nifty Spot-Levels & Trading Strategy for 25-04-2013

Nifty Spot-Levels

R3 5909
R2 5876
R1 5856
Avg 5823
S1 5803
S2 5770
S3 5750

Nifty Spot-Trading Strategy

H6 5889     Trgt 2
H5 5877     Trgt 1
H4 5865     Long breakout
H3 5850     Go Short
H2 5845
H1 5840
L1 5831
L2 5826
L3 5821     Long
L4 5806     Short Breakout
L5 5794     Trgt 1
L6 5782     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2013

Nifty(Apr Fut)-Levels

R3 5922
R2 5887
R1 5865
Avg 5830
S1 5808
S2 5773
S3 5751

Nifty(Apr Fut)-Trading Strategy

H6 5900     Trgt 2
H5 5887     Trgt 1
H4 5874     Long breakout
H3 5858     Go Short
H2 5853
H1 5848
L1 5837
L2 5832
L3 5827     Long
L4 5811     Short Breakout
L5 5798     Trgt 1
L6 5785     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2013

Bank Nifty(Apr Fut)-Levels

R3 12940
R2 12779
R1 12666
Avg 12505
S1 12392
S2 12231
S3 12118

Bank Nifty(Apr Fut)-Trading Strategy

H6 12831     Trgt 2
H5 12767     Trgt 1
H4 12703     Long breakout
H3 12628     Go Short
H2 12603
H1 12578
L1 12527
L2 12502
L3 12477     Long
L4 12402     Short Breakout
L5 12338     Trgt 1
L6 12274     Trgt 2

Mid-session Outlook(23-04-2013)

Valid break out requirement of yesterday trading range for next short term trend confirmation was told in all 3 previous Outlooks of today and yesterday and Nifty traded within yesterday trading range since opening today.

All trends are up and very Short Term Trend is at stake after higher levels selling yesterday but today lower levels supports with intraday consolidation patterns indications therefore previous week rally continuation expectations are still alive after very Short Term correction completion within narrow range moves between yesterday trading range(5790-5844) 

Expected that Nifty will prepare for next decisive moves within yesterday trading range(5790-5844) and its valid break out should be firstly watched for next Short Term Trend confirmations.

Technical Analysis and Market Outlook(23-04-2013)

Nifty-Intra Day Chart (22-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5820-5833.
2- Support between 5795-5810.
3- Bearish Rising Wedge formations in last hour.
4- Whole day actual trading between 5795-5844.

Conclusions from intra day chart analysis 

All Trends are up,next strong resistances are between 5820-5965 and yesterday whole day trading at lower levels of this range with lower levels supports and higher levels selling with Bearish Rising Wedge formations in last hour therefore follow up consolidation is must for further up moves and follow up selling today will mean Short Term correction after valid breaking down of yesterday lowest(5795).

Pre-open Outlook(23-04-2013)

Although US markets closed positive with minor gains but Asian markets are in Red today morning therefore sentiment is mixed and trading is expected within yesterday trading range after flat to negative opening today. Follow up moves and valid break out of yesterday actual trading range(5795-5844) should be firstly watched for next very short term moves confirmations.

FII Trading Data in Derivatives Segment on 22-Apr-2013

FII & DII trading activity in Capital Market Segment on 22-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 22-Apr-2013 3656.18 2740.36 915.82

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Apr-2013 1025.65 1468.19 -442.54

Indian Stock Markets Closing Reports(22-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio:1.26
Total Options Put Call Ratio:1.19
Nifty P/E Ratio(22-Apr-2013):17.42

Advances & Declines

BSE Advances : 1,383
BSE Declines : 1,013
NSE Advances :   851
NSE Declines :   477

Nifty Open Interest Changed Today

Nifty- 5600  CE(Apr)- -732,400(-25.19%)
Nifty- 5600  PE(Apr)- -1,338,700(-12.09%)

Nifty- 5700  CE(Apr)- -1,546,200(-34.71%)
Nifty- 5700  PE(Apr)- -261,050(-3.52%)

Nifty- 5800  CE(Apr)- -1,589,950(-20.23%)
Nifty- 5800  PE(Apr)-  1,917,500(51.30%)

Nifty- 5900  CE(Apr)-  532,350(7.47%)
Nifty- 5900  PE(Apr)-  578,500(92.63%)

Closing 

Sensex- closed at 19,169.83(153.37 Points & 0.81%)
Nifty- closed at 5,834.40(51.30 Points & 0.89%)
CNX Midcap - closed at 7,764.80(140.70 Points & 1.85%)
CNX Smallcap- closed at 3,244.15(36.35 Points & 1.13%)

Nifty Spot-Levels & Trading Strategy for 23-04-2013

Nifty Spot-Levels

R3 5910
R2 5877
R1 5855
Avg 5822
S1 5800
S2 5767
S3 5745

Nifty Spot-Trading Strategy

H6  5889    Trgt 2
H5  5876    Trgt 1
H4  5864    Long breakout
H3  5849    Go Short
H2  5844
H1  5839
L1  5828
L2  5823
L3  5818     Long
L4  5803    Short Breakout
L5  5791    Trgt 1
L6  5778    Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 23-04-2013

Nifty(Apr Fut)-Levels

R3 5905
R2 5874
R1 5853
Avg 5822
S1 5801
S2 5770
S3 5749

Nifty(Apr Fut)-Trading Strategy

H6 5884     Trgt 2
H5 5872     Trgt 1
H4 5860     Long breakout
H3 5846     Go Short
H2 5841
H1 5836
L1 5827
L2 5822
L3 5817     Long
L4 5803     Short Breakout
L5 5791     Trgt 1
L6 5779     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 23-04-2013

Bank Nifty(Apr Fut)-Levels

R3 13064
R2 12857
R1 12712
Avg 12505
S1 12360
S2 12153
S3 12008

Bank Nifty(Apr Fut)-Trading Strategy

H6 12926     Trgt 2
H5 12843     Trgt 1
H4 12760     Long breakout
H3 12663     Go Short
H2 12631
H1 12599
L1 12534
L2 12502
L3 12470     Long
L4 12373     Short Breakout
L5 12290     Trgt 1
L6 12207     Trgt 2