Pre-Closing Outlook(02-07-2013)

When Nifty was trading near the highest of the day at 5890 then following lines were told at 12:12 PM in previous Outlook today:-

1- intraday charts of today are showing selling indications
2- recovery from lower levels because continuous recovery in Dow's Futures and now trading 52 points up
3- As selling indications today therefore finally down moves are expected.

As was told same happened and Nifty traded today at 5852.30 after slipping from higher levels.

As good selling at higher levels today therefore finally weakness is expected in the coming sessions.

Mid-session Outlook(02-07-2013)

Although intraday charts of today are showing selling indications but recovery from lower levels because continuous recovery in Dow's Futures and now trading 52 points up. As selling indications today therefore finally down moves are expected.

Technical Analysis and Market Outlook(02-07-2013)

Nifty-Intra Day Chart (01-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5848-5862
2- Mixed Patterns between 5863-5895
3- Whole day up moves in Bearish Rising Channel
4- Whole day actual trading between 5833-5905

Conclusions from intra day chart analysis 

Although some supports at lower levels and mixed trading patterns near higher levels but whole day up moves in Bearish rising Channel therefore whole day mixed intraday trading patterns and market will firstly prpare for next moves between yesterday trading range. Upward Wave-B of of 'ABC' correction is on and strong resistance range above yesterday trading range is between 5900-5969. As mixed intraday patterns yesterday and follow up selling today will mean completion of Wave-B and downward Wave-C continuation toward the lowest of  Wave-A(5566.25) with possibility of slipping below it also.  

Pre-open Outlook(02-07-2013)

US markets closed with almost .50% gains yesterday and Asian markets are mixed therefore sentiment is quiet today morning. As US markets closed after slipping from higher levels therefore cautious approach is required today because European markets may open weak today and resultant sentiment may disturb after its opening. Although Indian markets closed near intraday higher levels but Indian Rupee closed near the lower levels of the day after loosing all intraday gains yesterday therefore sentiment is weak today morning and negative opening is expected in Indian markets today. Follow up selling after mixed intraday patterns yesterday will mean possibility of fresh down moves beginning toward above defined lower levels.   

It should be kept in mind that Volatility may remain high today and until Nifty will not sustain above 5900/5969 till then next up move will not be considered and follow up selling today will mean fast down moves after confirmation of sustaining below 5848.

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

FII & DII trading activity in Capital Market Segment on 01-Jul-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-Jul-2013 2272.67 2274.14 -1.47

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Jul-2013 1196.82 983.22 213.6

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

Nifty(Jul Fut)-Levels & Trading Strategy for 28-06-2013

Nifty(Jul Fut)-Levels

R3 5789
R2 5745
R1 5714
Avg 5670
S1 5639
S2 5595
S3 5564

Nifty(Jul Fut)-Trading Strategy

H6 5758     Trgt 2
H5 5741     Trgt 1
H4 5724     Long breakout
H3 5703     Go Short
H2 5696
H1 5689
L1 5676
L2 5669
L3 5662     Long
L4 5641     Short Breakout
L5 5624     Trgt 1
L6 5607     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 28-06-2013

Bank Nifty(Jul Fut)-Levels

R3 11402
R2 11338
R1 11286
Avg 11222
S1 11170
S2 11106
S3 11054

Bank Nifty(Jul Fut)-Trading Strategy

H6 11350     Trgt 2
H5 11324     Trgt 1
H4 11297     Long breakout
H3 11265     Go Short
H2 11255
H1 11244
L1 11223
L2 11212
L3 11202     Long
L4 11170     Short Breakout
L5 11143     Trgt 1
L6 11117     Trgt 2

Bad news is good news?

All the global markets blasted after the U.S. said quarterly growth may be weaker than expected, raising investors’ hopes that the Federal Reserve would delay plans to wind down its stimulus program. While news of the weakness in the world’s biggest economy was disappointing, it was also positive for investors, who were rattled last week after Fed Chairman Ben Bernanke said the U.S. central bank would slow its bond-buying program if the U.S. economy continues to strengthen. 

As higher levels good selling therefore complete weakness was expected today but such strong Global markets positive reaction on that bad news was not imagined which crashed all Global Finanancial markets on 20-06-2013

Pre-Closing Outlook(27-06-2013)

As good selling yesterday therefore too much down was expected today but all the Global markets jumped and and Indian Rupee also turned almost 1% strong therefore Indian markets shoot up. I would say that certainly market deceived today.

Pre-open Outlook(27-06-2013)

US Futures are positive today after almost 1% gains yesterday and almost all the Asian markets are trading with good gains as well as SGX Nifty is also trading more than 1% up at this moment but expected that finally Indian markets will not sustain at higher levels and Nifty will test next supports near about 5520 today. 

Correction Continuation

Nifty-Intra Day Chart (26-Jun-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5603-5630
2- Sharp fall after more than 5 hours selling.
3- Whole day actual trading between 5580-5635

Conclusions from intra day chart analysis 

Although Dow's Futures was trading more than 50 points up and European markets were trading with good gains but we were not Bullish because intraday charts were showing mixed patterns therefore we told following lines at 12:56:00 PM in Mid-session Outlook(26-06-2013):-

More than 2 hours trading between 5603-5625 with mixed intraday patterns therefore firstly valid break out of today trading range should be watched for next very short term trend confirmation. 

As busy therefore could not update in next Outlooks but as soon as we got confirmation that intraday charts have completed selling patterns then following Put Option buying call was sent to paid clients at 02:53 PM when Nifty was trading near about 5610:-

NIFTY-Jun PE(5600)-Buy-Positional-SL-9-TGT-55-CMP-26

As we always talk with those proofs which no one can deny therefore live proofs of our Put Option buying call are being updated. We always send all trades through 2 websites therefore SMS sent pictures are as follows:-

1st Website- NIFTY-Jun Put Option(5600)-Buying messages SMS pictures is as follows:-

Just click on picture for its enlarged view

2nd Website- NIFTY-Jun Put Option(5600)-Buying messages SMS pictures is as follows:-

Just click on picture for its enlarged view

If unable to read  text in above picture then:-

1- Firstly click on above SMS picture and enlarge it.
2- Save picture on yours desktop.
3- Open and again enlarge the picture in Windows Picture Viewer.

Only 2 following information are deleted in above Picture due to official secrecy rules:-

1- Numbers of sent SMS.
2- SMS sending Website name.

Although Dow Jones is trading 142 points up at this moment but good selling at higher levels yesterday and in previous sessions therefore opening tomorrow opening can not be told but expected that Nifty will test next supports near about 5520 and possibility of closing also near it about.

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

FII & DII trading activity in Capital Market Segment on 26-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 26-Jun-2013 3062.4 3610.19 -547.79

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Jun-2013 1187 850.02 336.98

Nifty Spot-Levels & Trading Strategy for 27-06-2013

Nifty Spot-Levels

R3 5678
R2 5656
R1 5622
Avg 5600
S1 5566
S2 5544
S3 5510

Nifty Spot-Trading Strategy

H6 5644     Trgt 2
H5 5631     Trgt 1
H4 5618     Long breakout
H3 5603     Go Short
H2 5598
H1 5593
L1 5582
L2 5577
L3 5572     Long
L4 5557     Short Breakout
L5 5544     Trgt 1
L6 5531     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2013

Nifty(Jun Fut)-Levels

R3 5676
R2 5653
R1 5617
Avg 5594
S1 5558
S2 5535
S3 5499

Nifty(Jun Fut)-Trading Strategy

H6  5640    Trgt 2
H5  5626    Trgt 1
H4  5613    Long breakout
H3  5597    Go Short
H2  5591
H1  5586
L1  5575
L2  5570
L3  5564    Long
L4  5548    Short Breakout
L5  5535    Trgt 1
L6  5521    Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2013

Bank Nifty(Jun Fut)-Levels

R3 11426
R2 11342
R1 11208
Avg 11124
S1 10990
S2 10906
S3 10772

Bank Nifty(Jun Fut)-Trading Strategy

H6 11292     Trgt 2
H5 11243     Trgt 1
H4 11193     Long breakout
H3 11133     Go Short
H2 11113
H1 11093
L1 11054
L2 11034
L3 11014     Long
L4 10954     Short Breakout
L5 10904     Trgt 1
L6 10855     Trgt 2

Mid-session Outlook(26-06-2013)

More than 2 hours trading between 5603-5625 with mixed intraday patterns therefore firstly valid break out of today trading range should be watched for next very short term trend confirmation. 

Post-open Outlook(26-06-2013)

Following lines were told yesterday in Post-open Outlook-2

"Market require more preparation for next decisive moves and it will be firstly done within yesterday trading range(5568-5735) therefore firstly its valid break out should be watched today for next Short Term Trend confirmation"

Some up moves after positive opening today but follow up selling seen at higher levels yesterday therefore finally down moves are expected after some more selling today. As lower levels buying seen in last 2 sessions therefore follow up more selling is firstly require today for decisive down moves below 5568.

As busy therefore Mid-session Outlooks will be updated during trading hours today

Pre-Closing Outlook(25-06-2013)

When Indian markets were trading near the higher levels of the day then I told following lines in previous Outlook:- 

1- it may be intraday volatility or short covering rally 
2- lot of more confirmations are required for trend reversal. 
3- Strong resistances are between 5685-5705 and until Nifty will not sustain above 5705 till then trend reversal will not be considered.

Long Term Trend is down and our market is in Bear phase and such type of volatility will be seen because selling markets always remain highly volatile. Correction is on but intraday volatility may be high again in the coming sessions if US markets will close with good gains today,it should be firstly watched tomorrow because US Futures are trading strong at this moment.

Mid-session Outlook(25-06-2013)

Although Shanghai Composite was almost 4% down and all other Asian markets were also weak but we were not Bearish today and told following line at 10:18 AM in Post-open Outlook-2(25-06-2013):-

it is first strong signal of strength

As was perceived and bounce back possibility was also told in previous Outlooks,exactly same happened and Nifty recovered 87 points from lower levels. Some intraday supports at lower levels today and sharp up moves seen but it may be intraday volatility or short covering rally therefore lot of more confirmations are required for trend reversal. 

Strong resistances are between 5685-5705 and until Nifty will not sustain above 5705 till then trend reversal will not be considered. Now trading range has turned broader(5569-5705) and expected that Nifty will firstly prepare for next moves within this range as well as sustaining beyond this range will give confirmations to next Intermediate Term Trend therefore should be firstly watched today and in the coming sessions.

Post-open Outlook-2(25-06-2013)

Indian markets are again out performing Global markets today and almost flat despite all Asian markets in Red as well as some are deep down(Shanghai Composite is almost 4% down) and it is first strong signal of strength. Market require more preparation for next decisive moves and it will be firstly done within yesterday trading range(5568-5735) therefore firstly its valid break out should be watched today for next Short Trerm Trend confirmation.

Post-open Outlook(25-06-2013)

As Indian markets out performed Global markets yesterday therefore it was updated in all Mid-session Outlooks and Nifty traded sideways first 4 hours between 5603-5635 with lower levels supports and higher levels selling yesterday. Although Nifty slipped below 5603 but after sharp fall in all European markets and US Futures therefore it was sentiment driven down move and now Nifty is trading above 5603 immediately after little improvement of Global sentiment today. 

As Indian markets out performed Global markets and got intraday supports above 5603 yesterday therefore firstly sustaining it beyond should be watched today and should be kept in mind that bounce back/Pull Back rally will be considered only after valid break out above 5635.

Pre-open Outlook(25-06-2013)

Although deep Red US and European markets closing yesterday but Asian markets are flat to negative and sentiment is quiet today morning therefore Nifty will firstly trade between yesterday trading range(5568-5735). As yesterday down moves were due to sharp fall in all European markets and US Futures therefore if Global markets and sentiment improves today then fast up moves may be seen in Indian markets. 
 
Some recovery from lower levels was seen yesterday therefore follow up moves and sustaining beyond yesterday lowest will be firstly watched today and bounce back/Pull Back rally will be considered now if intraday charts will show consolidations and lower levels supports today. 

Technical Analysis and Market Outlook(25-06-2013)

Nifty-Intra Day Chart (24-Jun-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5617-5635
2- Consolidation and support between 5603-5612
3- First 4 hours sideways trading
4- Down moves after sharp fall in all European markets and US Futures.
5- Whole day actual trading between 5568-5735

Conclusions from intra day chart analysis 

First 4 hours sideways trading with higher levels selling and lower levels consolidation and support but lower levels broken down and down moves seen after sharp fall in all European markets and US Futures. 

Correction is very much on and crashing Global markets as well as quake like situation in all Global Financial Markets therefore no relief for Bulls and following lines are being repeated which were told on 20-06-2013 in "Tsunami in Global Financial Markets"

It should be kept in mind that buying in such type of market is like catching falling knife and resultant hand full of one's own blood therefore long positions should be created after complete consolidations.

Let thunder stop and allow market to complete its consolidation on daily charts then trend reversal will be seen but bounce back or Pull Back rally may be seen any time after some intraday consolidations and supports.

FII Trading Data in Derivatives Segment on 24-Jun-2013

FII & DII trading activity in Capital Market Segment on 24-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 24-Jun-2013 2344.26 3897.24 -1552.98

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Jun-2013 1897.71 966.6 931.11

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 25-06-2013

Bank Nifty(Jun Fut)-Levels

R3 11427
R2 11357
R1 11272
Avg 11202
S1 11117
S2 11047
S3 10962

Bank Nifty(Jun Fut)-Trading Strategy

H6 11343     Trgt 2
H5 11308     Trgt 1
H4 11273     Long breakout
H3 11230     Go Short
H2 11216
H1 11202
L1 11173
L2 11159
L3 11145     Long
L4 11102     Short Breakout
L5 11067     Trgt 1
L6 11032     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 25-06-2013

Nifty(Jun Fut)-Levels

R3 5697
R2 5662
R1 5625
Avg 5590
S1 5553
S2 5518
S3 5481

Nifty(Jun Fut)-Trading Strategy

H6 5660     Trgt 2
H5 5644     Trgt 1
H4 5627     Long breakout
H3 5607     Go Short
H2 5601
H1 5594
L1 5581
L2 5574
L3 5568     Long
L4 5548     Short Breakout
L5 5532     Trgt 1
L6 5515     Trgt 2