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Trading "calls" from our "Software" with more than "90% accuracy"
Trading Calls
More than "12 years" old "only site of whole world"
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"Indian Stock Markets"
FII & DII trading activity in Capital Market Segment on 07-Jan-2013
Indian Stock Markets Closing Reports(07-Jan-2013)
1- Benchmark Indices closed in Red.
2- Midcap and Smallcap closed in Green.
3- Engulfing Bearish candle formation.
Ratios
Index Options Put Call Ratio: 0.95
Total Options Put Call Ratio: 0.87
Nifty P/E Ratio(07-Jan-2013):18.81
Advances & Declines
BSE Advances : 1,618
BSE Declines : 1,319
NSE Advances : 788
NSE Declines : 667
Nifty Open Interest Changed Today
Nifty- 5800 CE(Jan)- 12,800(1.23%)
Nifty- 5800 PE(Jan)- -64,000(-1.00%)
Nifty- 5900 CE(Jan)- 49,600(2.20%)
Nifty- 5900 PE(Jan)- 462,800(7.98%)
Nifty- 6000 CE(Jan)- 208,750(4.43%)
Nifty- 6000 PE(Jan)- 126,600(2.84%)
Nifty- 6100 CE(Jan)- 659,150(13.14%)
Nifty- 6100 PE(Jan)- -9,250(-0.52%)
Closing
Sensex- closed at 19,691.42(-92.66 Points & -0.47%)
Nifty- closed at 5,988.40(-27.75 Points & -0.46%)
CNX Midcap - closed at 8,768.05(21.10 Points & 0.24%)
CNX Smallcap- closed at 3,888.70(9.30 Points & 0.24%)
Nifty Spot-Levels & Trading Strategy for 08-01-2013
R3 6092
R2 6067
R1 6027
Avg 6002
S1 5962
S2 5937
S3 5897
Nifty Spot-Trading Strategy
H6 6053 Trgt 2
H5 6038 Trgt 1
H4 6023 Long breakout
H3 6005 Go Short
H2 5999
H1 5993
L1 5982
L2 5976
L3 5970 Long
L4 5952 Short Breakout
L5 5937 Trgt 1
L6 5922 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 08-01-2013
R3 6096
R2 6077
R1 6050
Avg 6031
S1 6004
S2 5985
S3 5958
Nifty(Jan Fut)-Trading Strategy
H6 6069 Trgt 2
H5 6058 Trgt 1
H4 6048 Long breakout
H3 6035 Go Short
H2 6031
H1 6027
L1 6018
L2 6014
L3 6010 Long
L4 5997 Short Breakout
L5 5987 Trgt 1
L6 5976 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 08-01-2013
R3 13016
R2 12962
R1 12879
Avg 12825
S1 12742
S2 12688
S3 12605
Bank Nifty(Jan Fut)-Trading Strategy
H6 12933 Trgt 2
H5 12902 Trgt 1
H4 12871 Long breakout
H3 12833 Go Short
H2 12821
H1 12808
L1 12783
L2 12770
L3 12758 Long
L4 12720 Short Breakout
L5 12689 Trgt 1
L6 12658 Trgt 2
Pre-Closing Outlook(07-01-2013)
profit booking possibility was told today at 10:40 AM in Post-open Outlook(07-01-2013) when Indian markets were in Green after gap up opening and Nifty traded more than 35 points down today. Last 4 sessions narrow range trading between 5982-6026 with lower levels confirm supports and higher levels selling also.
As Nifty is trading near 5982 therefore firstly sustaining it beyond will be watched tomorrow for the possibility of correction continuation/completion.
As Nifty is trading near 5982 therefore firstly sustaining it beyond will be watched tomorrow for the possibility of correction continuation/completion.
Mid-session Outlook(07-01-2013)
As soon as profit booking possibility was seen then it was immediately updated in Post-open Outlook(07-01-2013) and intraday lows were broken down also. Nifty actual trading range of today is 6006-6026 with minor selling at higher levels and last 2 hours mixed intraday patterns trading between 6006-6016.
Valid break out of 6006-6026 will give next very short term down trend confirmation below 6006 and on going rally continuation confirmation above 6026.
Valid break out of 6006-6026 will give next very short term down trend confirmation below 6006 and on going rally continuation confirmation above 6026.
Post-open Outlook(07-01-2013)
Although positive zone trading after gap up opening today but market has not shown required strength today therefore profit booking possibility will also be considered.
Today trading range(6012-6042) should be firstly watched for immediate next moves.
Today trading range(6012-6042) should be firstly watched for immediate next moves.
Nifty Target at 8616.90
Wishing You and yours family Bright, Prosperous, Successful, Healthy & Happy New Year 2013
Wishing You and yours family Bright, Prosperous, Successful, Healthy & Happy New Year 2013
Nifty-Weekly Chart (04-Jan-2013):-
Just click on chart for its enlarged view |
1- 6357.10 on 08-01-2008(All time high formation)
2- 2252.75 on 27-10-2008(Wave-1 begining after 2008 correction completion)
3- 6338.50 on 05-11-2010(Wave-1 completion and Corrective Wave-2 begining)
4- Wave-1 gained 4085.75 points.
5- 4531.15 on 20-12-2011(Impulsive Wave-3 beginning after 13 Months Wave-2 correction completion)
6- Impulsive Wave-3 is on.
Conclusions from Weekly chart analysis
Impulsive Wave-3 started after Wave-2 correction completion on 20-12-2011 therefore whole 2012 was Bullish year. As per Elliot Wave theory Wave-3 should never be shorter than both Wave-1 and Wave-5 therefore Wave-3 will gain minimum 4085.75 points. Wave-3 started from 4531.15 and according to Elliot Wave theory its minimum target will be:-
4531.15+4085.75=8616.90
Impulsive Wave-3 is on and its Waves structure is as follows:-
Just click on chart for its enlarged view |
1- 4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion)
2- Wave-1 completion(5629.95 on 22-02-2012)
3- Wave-2 completion(4770.35 on 04-06-2012)
4- Wave-3 of Wave-3 is on
Conclusions from EOD chart analysis
Indian markets are completely Bullish and both impulsive Waves-3 are in progress towards 8616.90. Although tough to accept above mentioned technical target of Nifty but Indian economy is growing and Stock Markets always reflect economic growth. Until Indian markets are Bullish till then minimum target of Nifty is always alive at 8616.90. Following rally of Brazil and Japan are showing the power of Bull Markets:-
1- Bovespa(Brazil Index) was at 375 in Jan 1994 and reached 71924 in Jan 2011.
2- Nikkei 225(Japan Index) was less than 10,000 in 1985 and its reached near 40,000 in 1990.
This fact should also be kept in mind that Nikkei 225 moved below 7,000 in 2008 and unimaginable lower levels are also possible in Bear Phase therefore strict stop loss must be maintained by all investors and traders.
Now we shifts towards micro analysis and understand internal waves structures of Wave-3 of Wave-3:-
Just click on chart for its enlarged view |
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- Sub Wave-1 gained 578.20 points
4- 5032.40 on 26-07-2012(Sub Wave-2)
5- 5815.35 on 05-10-2012(Sub Wave-3)
6- Sub Wave-3 gained 782.95 points
7- 5548.35 on 20-11-2012(Sub Wave-4)
8- Sub Wave-5 of Wave-3 is on
Conclusions from EOD chart analysis
Impulsive Sub Wave-5 of Wave-3 is on after Sub Wave-4 correction completion with Bullish Flag formation therefore strong up moves will be seen. As per Elliot Wave theory Wave-3 should never be shorter than both Wave-1 and Sub Wave-5. Sub Wave-3 gained 782.95 points as per theory Sub Wave-5 will gain less than 782.95 point from the bottom of Wave-4(5548.35) therefore Sub Wave-5 maximum target will be less than 6331.30(5548.35+782.95). Previous tops above 6000 are as follows:-
1- 6357.10 on 08-01-2008.
2- 6338.50 on 05-11-2010.
Conclusions (After Putting All Studies Together)
From longer to shorter all trends are Bullish and Sub Wave-5 of Wave-3 is on. Expected that Sub Wave-5 will not gain less than 61.8%(6031) of Sub Wave-3 gains and Sub Wave-5 targets should be between 6031-6331. Usually Wave-5 of any degree moves faster therefore rally will be forceful. As on going Sub Wave-5 rally possible maximum target is near 6331 therefore Triple Top formation may be seen and after the completion of Sub Wave-5 complete correction of impulsive Wave-3 will be seen which started from 4770.35 but Wave-3 which started from 4531.15 on 20-12-2012 will remain continued because it has to move up minimum 4085.75 points and its target is at 8616.90.
It seems that now Wave-1 of Wave-3(started from 4531.15) is continued and 2 more impulsive Waves(Wave-3 and Wave-5) will be seen to test 8616.90. These targets are for Long term investors and Financial institutions. Markets takes its own time and Stock Rally force always depends on Economic growth and pace of Corporate earnings also.
As all things are on track therefore minimum 8616.90 will be seen in the coming years.
FII & DII trading activity in Capital Market Segment on 04-Jan-2013
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Indian Stock Markets Closing Reports(04-Jan-2013)
1- Benchmark Indices closed flat.
2- Midcap and Smallcap closed with sufficiently good gains.
3- Bullish Hammer Candle formations.
Ratios
Index Options Put Call Ratio: 1.19
Total Options Put Call Ratio: 1.07
Nifty P/E Ratio(04-Jan-2013): 18.86
Advances & Declines
BSE Advances : 1,472
BSE Declines : 1,478
NSE Advances : 891
NSE Declines : 877
Nifty Open Interest Changed Today
Nifty- 5700 CE(Jan)- -13,750(-1.30%)
Nifty- 5700 PE(Jan)- 527,800(9.02%)
Nifty- 5800 CE(Jan)- -165,150(-6.83%)
Nifty- 5800 PE(Jan)- 152,700(2.70%)
Nifty- 5900 CE(Jan)- -311,550(-6.20%)
Nifty- 5900 PE(Jan)- 456,800(11.41%)
Nifty- 6000 CE(Jan)- 297,800(6.31%)
Nifty- 6000 PE(Jan)- 220,000(14.26%)
Closing
Sensex- closed at 19,784.08(19.30- Points & 0.10%)
Nifty- closed at 6,016.15(6.65 Points & 0.11%)
CNX Midcap - closed at 8,746.95(51.35 Points & 0.59%)
CNX Smallcap- closed at 3,879.40(25.25 Points & 0.66%)
Nifty Spot-Levels & Trading Strategy for 07-01-2013
R3 6069
R2 6044
R1 6030
PIVOT 6005
S1 5991
S2 5966
S3 5952
Nifty Spot-Trading Strategy
H6 6055 Trgt 2
H5 6046 Trgt 1
H4 6037 Long breakout
H3 6026 Go Short
H2 6023
H1 6019
L1 6012
L2 6008
L3 6005 Long
L4 5994 Short Breakout
L5 5985 Trgt 1
L6 5976 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 07-01-2013
R3 6102
R2 6077
R1 6062
PIVOT 6037
S1 6022
S2 5997
S3 5982
Nifty(Jan Fut)-Trading Strategy
H6 6088 Trgt 2
H5 6079 Trgt 1
H4 6070 Long breakout
H3 6059 Go Short
H2 6055
H1 6051
L1 6044
L2 6040
L3 6037 Long
L4 6026 Short Breakout
L5 6016 Trgt 1
L6 6007 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 07-01-2013
R3 13037
R2 12960
R1 12914
PIVOT 12837
S1 12791
S2 12714
S3 12668
Bank Nifty(Jan Fut)-Trading Strategy
H6 12993 Trgt 2
H5 12964 Trgt 1
H4 12936 Long breakout
H3 12902 Go Short
H2 12891
H1 12880
L1 12857
L2 12846
L3 12835 Long
L4 12801 Short Breakout
L5 12773 Trgt 1
L6 12744 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Jan 07 to Jan 11,2013)
R3 6181
R2 6100
R1 6058
PIVOT 5977
S1 5935
S2 5854
S3 5812
Nifty Spot-Weekly Trading Strategy
H6 6141 Trgt 2
H5 6112 Trgt 1
H4 6083 Long breakout
H3 6049 Go Short
H2 6038
H1 6027
L1 6004
L2 5993
L3 5982 Long
L4 5948 Short Breakout
L5 5919 Trgt 1
L6 5890 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Jan 07 to Jan 11,2013)
R3 13350
R2 13094
R1 12940
PIVOT 12684
S1 12530
S2 12274
S3 12120
Bank Nifty Spot-Weekly Trading Strategy
H6 13208 Trgt 2
H5 13110 Trgt 1
H4 13012 Long breakout
H3 12899 Go Short
H2 12862
H1 12824
L1 12749
L2 12711
L3 12674 Long
L4 12561 Short Breakout
L5 12463 Trgt 1
L6 12365 Trgt 2
Mid-session Outlook(04-01-2013)
Following trading range was given yesterday at 09:41 AM in Post-open Outlook(03-01-2013):-
5982-6017
Above trading range was given in all the Outlooks yesterday and since then Nifty traded between
5981.55-6016.
Following line was told today at 10:11:00 AM in Post-open Outlook(04-01-2013)
"As Bull markets does not correct very deep therefore following 2 supports will be firstly" watched:-
1- 5984
2- 5965
5982-6017
Above trading range was given in all the Outlooks yesterday and since then Nifty traded between
5981.55-6016.
Following line was told today at 10:11:00 AM in Post-open Outlook(04-01-2013)
"As Bull markets does not correct very deep therefore following 2 supports will be firstly" watched:-
1- 5984
2- 5965
Nifty got support at 5981.55 today with lower levels consolidation patterns also therefore strong indications of up moves after very Short Term correction completion and next trend confirmation range will be valid break out of 5981-6017.
Post-open Outlook(04-01-2013)
Although gap up opening yesterday but we told only for down moves yesterday and Indian markets are down today as well as again proved all our predictions 100% accurate. We told following lines yesterday:-
1- We told at 09:41 AM in Post-open Outlook(03-01-2013)- "possibility of firstly slipping"
2- We told at 10:10 AM in Post-open Outlook-2(03-01-2013)- "good selling was seen within it yesterday"
2- We told in Technical Analysis and Market Outlook(04-01-2013)- " possibility of very short term down moves"
All trends are up and only very short term down moves were expected which were seen today because intraday selling formations and development of resistance within 6000-6012 in last 2 sessions. Until Nifty will not sustain above 6012 till then next up move will be considered and follow up moves will decide the life of today started correction. As Bull markets does not correct very deep therefore following 2 supports will be firstly watched:-
1- 5984
2- 5965
1- We told at 09:41 AM in Post-open Outlook(03-01-2013)- "possibility of firstly slipping"
2- We told at 10:10 AM in Post-open Outlook-2(03-01-2013)- "good selling was seen within it yesterday"
2- We told in Technical Analysis and Market Outlook(04-01-2013)- " possibility of very short term down moves"
All trends are up and only very short term down moves were expected which were seen today because intraday selling formations and development of resistance within 6000-6012 in last 2 sessions. Until Nifty will not sustain above 6012 till then next up move will be considered and follow up moves will decide the life of today started correction. As Bull markets does not correct very deep therefore following 2 supports will be firstly watched:-
1- 5984
2- 5965
Technical Analysis and Market Outlook(04-01-2013)
Nifty-Intra Day Chart (03-Jan-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6004-6012
2- Up moves in Rising Channel which is Bearish Pattern.
2- Support between 5995-5998
3- Whole day actual trading between 5986-6014
Some supports at lower levels and selling at higher levels with intraday Up moves in Rising Channel which is Bearish Pattern therefore possibility of very short term down moves because intraday selling was seen also yesterday within today trading range.
Last 2 sessions trading between 5982-6017 with lower levels supports and higher levels selling therefore valid break out of this range will decide next very Short Term Trend.
Just click on chart for its enlarged view |
1- Selling between 6004-6012
2- Up moves in Rising Channel which is Bearish Pattern.
2- Support between 5995-5998
3- Whole day actual trading between 5986-6014
Conclusions from intra day chart analysis
Some supports at lower levels and selling at higher levels with intraday Up moves in Rising Channel which is Bearish Pattern therefore possibility of very short term down moves because intraday selling was seen also yesterday within today trading range.
Last 2 sessions trading between 5982-6017 with lower levels supports and higher levels selling therefore valid break out of this range will decide next very Short Term Trend.
FII & DII trading activity in Capital Market Segment on 03-Jan-2013
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Indian Stock Markets Closing Reports(03-Jan-2013)
1- Benchmark Indices closed positive.
2- Most Indices closed positive but BANK NIFTY,FMCG and AUTO closed in Red.
3- Hanging Man / Dragonfly Doji Bearish Candle formation
Ratios
Index Options Put Call Ratio: 1.16
Total Options Put Call Ratio: 1.05
Nifty P/E Ratio(03-Jan-2013):18.80
Advances & Declines
BSE Advances : 1,708
BSE Declines : 1,269
NSE Advances : 1,060
NSE Declines : 720
Nifty Open Interest Changed Today
Nifty- 5800 CE(Jan)- -15,750(-1.47%)
Nifty- 5800 PE(Jan)- -121,300(-2.03%)
Nifty- 5900 CE(Jan)- -48,250(-1.96%)
Nifty- 5900 PE(Jan)- 663,100 (13.31%)
Nifty- 6000 CE(Jan)- -218,100(-4.16%)
Nifty- 6000 PE(Jan)- 630,600(18.69%)
Nifty- 6100 CE(Jan)- 196,350(4.34%)
Nifty- 6100 PE(Jan)- 77,700(5.30%)
Closing
Sensex- closed at 19,764.78(50.54 Points & 0.26%)
Nifty- closed at 6,009.50(16.25 Points & 0.27%)
CNX Midcap - closed at 8,695.60(62.05 Points & 0.72%)
CNX Smallcap- closed at 3,854.15(44.75 Points & 1.17%)
Nifty Spot-Levels & Trading Strategy for 04-01-2013
R3 6053
R2 6035
R1 6022
Avg 6004
S1 5991
S2 5973
S3 5960
Nifty Spot-Trading Strategy
H6 6040 Trgt 2
H5 6033 Trgt 1
H4 6026 Long breakout
H3 6017 Go Short
H2 6014
H1 6011
L1 6006
L2 6003
L3 6000 Long
L4 5991 Short Breakout
L5 5984 Trgt 1
L6 5977 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 04-01-2013
R3 6088
R2 6073
R1 6056
Avg 6041
S1 6024
S2 6009
S3 5992
Nifty(Jan Fut)-Trading Strategy
H6 6071 Trgt 2
H5 6063 Trgt 1
H4 6056 Long breakout
H3 6047 Go Short
H2 6044
H1 6041
L1 6036
L2 6033
L3 6030 Long
L4 6021 Short Breakout
L5 6014 Trgt 1
L6 6006 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 04-01-2013
R3 13012
R2 12961
R1 12906
Avg 12855
S1 12800
S2 12749
S3 12694
Bank Nifty(Jan Fut)-Trading Strategy
H6 12958 Trgt 2
H5 12934 Trgt 1
H4 12910 Long breakout
H3 12881 Go Short
H2 12871
H1 12861
L1 12842
L2 12832
L3 12822 Long
L4 12793 Short Breakout
L5 12769 Trgt 1
L6 12745 Trgt 2
Pre-Closing Outlook(03-01-2013)
Following trading range was given within 1 st hour today in both Post-open Outlooks:-
5982-6017
Nifty traded whole day within it with mixed intraday formations and valid break out of this range will decide next very Short Term Trend.
5982-6017
Nifty traded whole day within it with mixed intraday formations and valid break out of this range will decide next very Short Term Trend.
Post-open Outlook-2(03-01-2013)
As Asian markets are mixed and not blasting today despite strong closing in US and European markets yesterday therefore Indian markets hovering around yesterday trading range because good selling was seen within it yesterday and consolidation is firstly required for any decisive up moves above yesterday highs(6006).
Good selling seen yesterday and follow up moves today will decide next immediate market.,following range will be firstly watched for next immediate moves confirmations.
5982-6017
Good selling seen yesterday and follow up moves today will decide next immediate market.,following range will be firstly watched for next immediate moves confirmations.
5982-6017
Post-open Outlook(03-01-2013)
Although gap up opening but consolidation is required therefore possibility of firstly slipping and following range will be watched:-
5982-6017
5982-6017
Technical Analysis and Market Outlook(03-01-2013)
Nifty-Intra Day Chart (02-Jan-2013):-
Technical Patterns and Formations in today intraday charts
1- Lower levels buying.
2- Higher levels selling.
3- Higher Bottoms(B1 to B4) formations.
4- Lower tops(T1 to T3) formations.
5- Last 3 hours down moves in Falling channel(Bullish Pattern)
5- Whole day actual trading between 5985-6006
21 Points whole day range bound trading between 5985-6006 after gap up opening. Although both lower levels buying and higher levels selling but last 3 hours down moves in Falling channel which is Bullish formation therefore indications of up moves continuation.
21 Sessions sideways trading range(5823-5965) broken out forcefully today and with this all trends turned up and impulsive Sub Wave-5 of Wave-3 continuation also therefore Bulls will rule Indian Stock Markets. As some intraday selling seen today therefore consolidation is required and that may also be firstly seen because Bullish markets consolidates at higher levels.
Global Party is on and Dow Jones made double century after European markets more than 2% positive closing. Such strong Asian markets tomorrow will mean again gap up opening and rally continuation after higher levels consolidations.
Just click on chart for its enlarged view |
1- Lower levels buying.
2- Higher levels selling.
3- Higher Bottoms(B1 to B4) formations.
4- Lower tops(T1 to T3) formations.
5- Last 3 hours down moves in Falling channel(Bullish Pattern)
5- Whole day actual trading between 5985-6006
Conclusions from intra day chart analysis
21 Points whole day range bound trading between 5985-6006 after gap up opening. Although both lower levels buying and higher levels selling but last 3 hours down moves in Falling channel which is Bullish formation therefore indications of up moves continuation.
21 Sessions sideways trading range(5823-5965) broken out forcefully today and with this all trends turned up and impulsive Sub Wave-5 of Wave-3 continuation also therefore Bulls will rule Indian Stock Markets. As some intraday selling seen today therefore consolidation is required and that may also be firstly seen because Bullish markets consolidates at higher levels.
Global Party is on and Dow Jones made double century after European markets more than 2% positive closing. Such strong Asian markets tomorrow will mean again gap up opening and rally continuation after higher levels consolidations.
FII & DII trading activity in Capital Market Segment on 02-Jan-2013
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Indian Stock Markets Closing Reports(02-Jan-2013)
1- Sideways intraday trading after gap up strong opening.
2- Most Indices closed in Green except FMCG,IT and REALTY.
3- White candle formations.
Ratios
Index Options Put Call Ratio: 0.96
Total Options Put Call Ratio: 0.91
Nifty P/E Ratio(02-Jan-2013):18.72
Advances & Declines
BSE Advances : 1,769
BSE Declines : 1,201
NSE Advances : 1,107
NSE Declines : 643
Nifty Open Interest Changed Today
Nifty- 5800 CE(Jan)- -35,700(-3.23%)
Nifty- 5800 PE(Jan)- 487,400(8.88%)
Nifty- 5900 CE(Jan)- -272,850(-9.96%)
Nifty- 5900 PE(Jan)- 364,900(7.90%)
Nifty- 6000 CE(Jan)- -702,350(-11.82%)
Nifty- 6000 PE(Jan)- 113,350(3.48%)
Nifty- 6100 CE(Jan)- 14,000(0.31%)
Nifty- 6100 PE(Jan)- 825,950(129.13%)
Closing
Sensex- closed at 19,714.24(133.43 Points & 0.68%)
Nifty- closed at 5,993.25(42.40 Points & 0.71%)
CNX Midcap - closed at 8,633.55(31.05 Points & 0.36%)
CNX Smallcap- closed at 3,074.00(21.00 Points & 0.69%)
Nifty Spot-Levels & Trading Strategy for 03-01-2013
R3 6029
R2 6017
R1 6005
Avg 5993
S1 5981
S2 5969
S3 5957
Nifty Spot-Trading Strategy
H6 6017 Trgt 2
H5 6011 Trgt 1
H4 6006 Long breakout
H3 5999 Go Short
H2 5997
H1 5995
L1 5990
L2 5988
L3 5986 Long
L4 5979 Short Breakout
L5 5974 Trgt 1
L6 5968 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 03-01-2013
R3 6095
R2 6072
R1 6053
Avg 6030
S1 6011
S2 5988
S3 5969
Nifty(Jan Fut)-Trading Strategy
H6 6077 Trgt 2
H5 6067 Trgt 1
H4 6058 Long breakout
H3 6046 Go Short
H2 6042
H1 6038
L1 6031
L2 6027
L3 6023 Long
L4 6011 Short Breakout
L5 6002 Trgt 1
L6 5992 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 03-01-2013
R3 13006
R2 12954
R1 12914
Avg 12862
S1 12822
S2 12770
S3 12730
Bank Nifty(Jan Fut)-Trading Strategy
H6 12966 Trgt 2
H5 12945 Trgt 1
H4 12924 Long breakout
H3 12899 Go Short
H2 12890
H1 12882
L1 12865
L2 12857
L3 12848 Long
L4 12823 Short Breakout
L5 12802 Trgt 1
L6 12781 Trgt 2
Pre-Closing Outlook(02-01-2013)
Range bound trading within 20 points with lower levels buying and higher levels selling as well as higher bottom and lower top formations. Although intraday down moves in last 3 hours but in falling channel which is Bullish pattern therefore indicating of up moves continuation and today trading range(5986-6006) break out will be firstly watched for next immediate move confirmation.
Mid-session Outlook-2(02-01-2013)
As lower top formation seen in last half hour therefore view turned cautious now and today trading range(5986-6006) break out will be firstly watched for next immediate move confirmations because both buying and selling formations seen in today intraday charts.
Mid-session Outlook(02-01-2013)
Although Nifty slipped from higher levels but it may be part of consolidation also because Sentiment is heated today and selling at higher levels will not be considered at this moment.
Post-open Outlook(02-01-2013)
Indian markets are more than 1% up in first 2 sessions of 2012 and proved our following topic accurate which was posted on 29-12-2012. Just click following topic link and understand technical reasons of on going rally which was started in Dec 2011:-
Following line has also proved accurate which was told yesterday in Technical Analysis and Market Outlook(02-01-2013)
Although today up moves were expected after some more consolidations but sentiment turned strong after positive global markets today morning and higher levels consolidation will be seen now after gap up opening today.
As some more consolidation is required therefore fresh long positions should be created after intraday correction completion.
Following line has also proved accurate which was told yesterday in Technical Analysis and Market Outlook(02-01-2013)
Rally continuation above 5965 is finally expected after 21 sessions sideways correction completion
Although today up moves were expected after some more consolidations but sentiment turned strong after positive global markets today morning and higher levels consolidation will be seen now after gap up opening today.
As some more consolidation is required therefore fresh long positions should be created after intraday correction completion.
Technical Analysis and Market Outlook(02-01-2013)
Nifty-Intra Day Chart (01-Jan-2013):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 5936-5951.
3- Selling between 5957-5964
2- Selling between 5953-5957
4- Most time trading between 5943-5964
5- Whole day actual trading between 5936-5964
Although strong gap up opening today on the back of bullish news of US Senate passing bill to avert 'fiscal cliff' and strong rally in US markets yesterday but last 2 hours intraday patterns showed selling formations also therefore some more consolidations and valid break out above 5965 is must in the coming sessions for strong blasting rally above 5965.
28 Nifty points narrow range trading with lower levels consolidations and higher levels selling today. As both buying and selling therefore Indian markets are not prepared for any side decisive moves and will prepare for next trend in the coming sessions.
Rally continuation above 5965 is finally expected after 21 sessions sideways correction completion and Nifty will firstly hover around today trading range as well as prepare for next trend. As sustaining beyond today trading range(5936-5964) will be next trend confirmation therefore its valid break out should be firstly watched tomorrow.
Just click on chart for its enlarged view |
1- Consolidation between 5936-5951.
3- Selling between 5957-5964
2- Selling between 5953-5957
4- Most time trading between 5943-5964
5- Whole day actual trading between 5936-5964
Conclusions from intra day chart analysis
Although strong gap up opening today on the back of bullish news of US Senate passing bill to avert 'fiscal cliff' and strong rally in US markets yesterday but last 2 hours intraday patterns showed selling formations also therefore some more consolidations and valid break out above 5965 is must in the coming sessions for strong blasting rally above 5965.
28 Nifty points narrow range trading with lower levels consolidations and higher levels selling today. As both buying and selling therefore Indian markets are not prepared for any side decisive moves and will prepare for next trend in the coming sessions.
Rally continuation above 5965 is finally expected after 21 sessions sideways correction completion and Nifty will firstly hover around today trading range as well as prepare for next trend. As sustaining beyond today trading range(5936-5964) will be next trend confirmation therefore its valid break out should be firstly watched tomorrow.
FII & DII trading activity in Capital Market Segment on 01-Jan-2013
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Indian Stock Markets Closing Reports(01-Jan-2013)
1- All the Indices closed in green.
2- Whole day positive zone trading.
3- White Candle formation.
Ratios
Nifty P/E Ratio(01-Jan-2013): 18.58
Advances & Declines
BSE Advances : 1,923
BSE Declines : 981
NSE Advances : 1,225
NSE Declines : 489
Nifty Open Interest Changed Today
Nifty- 5800 CE(Jan)- -38,650(-3.37%)
Nifty- 5800 PE(Jan)- 307,550(5.87%)
Nifty- 5900 CE(Jan)- -41,500(-1.45%)
Nifty- 5900 PE(Jan)- 800,000(20.33%)
Nifty- 6000 CE(Jan)- 468,600(8.51%)
Nifty- 6000 PE(Jan)- 770,050(30.74%)
Nifty- 6100 CE(Jan)- 178,900(4.11%)
Nifty- 6100 PE(Jan)- 30,500(4.98%)
Closing
Sensex- closed at 19,580.81(154.10 Points & 0.79%)
Nifty- closed at 5,950.85(45.75 Points & 0.77%)
CNX Midcap - closed at 8,602.50(97.40 Points & 1.15%)
CNX Smallcap- closed at 3,770.60(60.45 Points & 1.63%)
Nifty Spot-Levels & Trading Strategy for 02-01-2013
R3 5991
R2 5977
R1 5963
Avg 5949
S1 5935
S2 5921
S3 5907
Nifty Spot-Trading Strategy
H6 5978 Trgt 2
H5 5971 Trgt 1
H4 5965 Long breakout
H3 5957 Go Short
H2 5955
H1 5952
L1 5947
L2 5944
L3 5942 Long
L4 5934 Short Breakout
L5 5928 Trgt 1
L6 5921 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 02-01-2013
R3 6089
R2 6053
R1 6030
Avg 5994
S1 5971
S2 5935
S3 5912
Nifty(Jan Fut)-Trading Strategy
H6 6066 Trgt 2
H5 6052 Trgt 1
H4 6039 Long breakout
H3 6023 Go Short
H2 6017
H1 6012
L1 6001
L2 5996
L3 5990 Long
L4 5974 Short Breakout
L5 5961 Trgt 1
L6 5947 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 02-01-2013
R3 12968
R2 12872
R1 12819
Avg 12723
S1 12670
S2 12574
S3 12521
Bank Nifty(Jan Fut)-Trading Strategy
H6 12917 Trgt 2
H5 12883 Trgt 1
H4 12848 Long breakout
H3 12807 Go Short
H2 12794
H1 12780
L1 12753
L2 12739
L3 12726 Long
L4 12685 Short Breakout
L5 12650 Trgt 1
L6 12616 Trgt 2
L6 12616 Trgt 2
Pre-Closing Outlook(01-01-2013)
As bullish news of US Senate passing bill to avert 'fiscal cliff' and strong rally in US markets yesterday therefore sentiment heated and whole day positive zone trading today. Trading between 5936-5963 today with lower levels consolidations and last 2 hours patterns are showing selling formations also therefore only some more consolidations and valid break out above 5965 is must in the coming sessions for strong blasting rally.
Mid-session Outlook(01-01-2013)
As First 3 hours intraday consolidation patterns formations between 5936-5951 today therefore rally continuation above 5965 is expected after 20 sessions sideways correction completion.
Post-open Outlook(01-01-2013)
As most of the time intraday consolidation patterns yesterday therefore following line was told yesterday in Technical Analysis and Market Outlook(01-01-2013)
"Indian markets will be positive after Green opening tomorrow"
Positive zone trading after gap up opening today and Nifty is trading between 5936-5951 which is within strong resistance range(5904-5965). Although more consolidation is required for mentioned resistance range break out above 5965 but sentiment is heated today morning therefore profit booking possibility will also be kept in mind and following ranges will be firstly watched:-
1- For next immediate moves confirmation: 5936-5951.
2- For next rally confirmation: valid break out of 5965.
"Indian markets will be positive after Green opening tomorrow"
Positive zone trading after gap up opening today and Nifty is trading between 5936-5951 which is within strong resistance range(5904-5965). Although more consolidation is required for mentioned resistance range break out above 5965 but sentiment is heated today morning therefore profit booking possibility will also be kept in mind and following ranges will be firstly watched:-
1- For next immediate moves confirmation: 5936-5951.
2- For next rally confirmation: valid break out of 5965.
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