| ||||||||||||||||
|
Trading "calls" from our "Software" with more than "90% accuracy"
Trading Calls
More than "12 years" old "only site of whole world"
with more than "9700 accurate Outlooks" of
"Indian Stock Markets"
FII & DII trading activity in Capital Market Segment on 11-Jan-2013
Indian Stock Markets Closing Reports(11-Jan-2013)
1- All the Indices closed in Red except CNX IT and CNX MEDIA.
2- Heavy Firing on LOC news led down moves.
3- Black Candle formation.
Ratios
Index Options Put Call Ratio: 1.01
Total Options Put Call Ratio: 0.97
Nifty P/E Ratio(11-Jan-2013):18.68
Advances & Declines
BSE Advances : 954
BSE Declines :1,995
NSE Advances : 412
NSE Declines :1,336
Nifty Open Interest Changed Today
Nifty- 5700 CE(Jan)- 2,050(0.31%)
Nifty- 5700 PE(Jan)- 1,271,300(19.24%)
Nifty- 5800 CE(Jan)- 36,800(3.70%)
Nifty- 5800 PE(Jan)- 11,650(0.15%)
Nifty- 5900 CE(Jan)- 162,700(7.74%)
Nifty- 5900 PE(Jan)- 613,250(9.01%)
Nifty- 6000 CE(Jan)- 402,900(8.12%)
Nifty- 6000 PE(Jan)- -661,450(-14.89%)
Nifty- 6100 CE(Jan)- 31,150(11.71%)
Nifty- 6100 PE(Jan)- -77,450(-3.94%)
Closing
Sensex- closed at 19,663.64(0.09 Points & 0.00%)
Nifty- closed at 5,951.30(-17.35 Points & -0.29%)
CNX Midcap - closed at 8,544.00(-155.55 Points & -1.79%)
CNX Smallcap- closed at 3,801.50(-56.95 Points & -1.48%)
Nifty Spot-Levels & Trading Strategy for 14-01-2013
R3 6077.33
R2 6047.67
R1 5999.33
Avg 5969.67
S1 5921.33
S2 5891.67
S3 5843.33
Nifty Spot-Trading Strategy
H6 6029 Trgt 2
H5 6011 Trgt 1
H4 5993 Long breakout
H3 5972 Go Short
H2 5965
H1 5958
L1 5943
L2 5936
L3 5929 Long
L4 5908 Short Breakout
L5 5890 Trgt 1
L6 5872 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 14-01-2013
R3 6089.33
R2 6063.67
R1 6020.33
Avg 5994.67
S1 5951.33
S2 5925.67
S3 5882.33
Nifty(Jan Fut)-Trading Strategy
H6 6046 Trgt 2
H5 6030 Trgt 1
H4 6014 Long breakout
H3 5995 Go Short
H2 5989
H1 5983
L1 5970
L2 5964
L3 5958 Long
L4 5939 Short Breakout
L5 5923 Trgt 1
L6 5907 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 14-01-2013
R3 13068.33
R2 12976.67
R1 12829.33
Avg 12737.67
S1 12590.33
S2 12498.67
S3 12351.33
Bank Nifty(Jan Fut)-Trading Strategy
H6 12921 Trgt 2
H5 12867 Trgt 1
H4 12813 Long breakout
H3 12747 Go Short
H2 12725
H1 12703
L1 12660
L2 12638
L3 12616 Long
L4 12550 Short Breakout
L5 12496 Trgt 1
L6 12442 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Jan 14 to Jan 18,2013)
R3 6116.00
R2 6079.00
R1 6015.00
Avg 5978.00
S1 5914.00
S2 5877.00
S3 5813.00
Nifty Spot-Weekly Trading Strategy
H6 6052 Trgt 2
H5 6029 Trgt 1
H4 6006 Long breakout
H3 5978 Go Short
H2 5969
H1 5960
L1 5941
L2 5932
L3 5923 Long
L4 5895 Short Breakout
L5 5872 Trgt 1
L6 5849 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Jan 14 to Jan 18,2013)
R3 13029.00
R2 12933.00
R1 12775.00
Avg 12679.00
S1 12521.00
S2 12425.00
S3 12267.00
Bank Nifty Spot-Weekly Trading Strategy
H6 12871 Trgt 2
H5 12814 Trgt 1
H4 12756 Long breakout
H3 12686 Go Short
H2 12663
H1 12640
L1 12593
L2 12570
L3 12547 Long
L4 12477 Short Breakout
L5 12419 Trgt 1
L6 12362 Trgt 2
Negative News flow drag down market today.
As good intraday consolidation yesterday and 3 sessions closing above most crucial level(5965) therefore up moves were predicted and Indian markets bounced also as well as traded most time in positive zone today but sentiment dampened today due to following news:-
1- Heavy Firing on LOC,tension escalation with Pakistan.
2- India takes tough stand on cease fire violation.
3- Pakistan Govt. summoned Indian High Commissioner.
4- Pakistan stopped Indian Trucks and Bus.
5- News of Rajputana Rifles Jawans stopping to take food.
6- Demonstrations all over India against Indian soldiers killing by Pakistan Army.
7- Petroleum minister statement for Diesel and LPG Hike as quickly as possible.
As so much negative news flow today therefore Indian markets could not sustain at higher levels and slipped as well as closed below 5965.
1- Heavy Firing on LOC,tension escalation with Pakistan.
2- India takes tough stand on cease fire violation.
3- Pakistan Govt. summoned Indian High Commissioner.
4- Pakistan stopped Indian Trucks and Bus.
5- News of Rajputana Rifles Jawans stopping to take food.
6- Demonstrations all over India against Indian soldiers killing by Pakistan Army.
7- Petroleum minister statement for Diesel and LPG Hike as quickly as possible.
As so much negative news flow today therefore Indian markets could not sustain at higher levels and slipped as well as closed below 5965.
Detailed analysis will be posted after one or two days because now out of station due to sudden emergency therefore could not update during trading hours also today
NIFTY Jan F&O- Buying of 10-01-2013-Covering
NIFTY Jan F&O( Bought on 10-01-2013)-Cover immediately-CMP-5986(Heavy Firing on LOC therefore covering today and not to carry over)
NIFTY Jan F&O- Buying of 10-01-2013-Message
NIFTY(Jan Fut and 6000 CE-Positional Bought on 10-01-2013)-SL-5944 & TGT-6104(Jan Fut-Rates are given for all trading)
Rally above 5965 & 6026 after Bullish patterns formations
Nifty-Intra Day Chart (Jan 08 to Jan 10,2013):-
Long and Intermediate term trends are up and Short term trend is sideways for the last 7 sessions between 5948-6026. Nifty slipped below most Crucial and next up trend saviour 5965 in previous 3 sessions but recovered closed also above it in all 3 sessions.
Trading positions around 5965 in next 3 sessions are as follows:-
1- 08-01-2013- Lowest was and 5964.40 closed at 6001.70
2- 09-01-2013- Lowest was and 5958.45 closed at 5971.50
3- 10-01-2013- Lowest was and 5947.30 closed at 5968.65
Importance of 5965 has already been updated on 07-01-2013 in "5965 is most Crucial for Bulls on 08-01-2013" and following line was specially told:-
"Sub Wave-3 should not dip or minimum close below the top of Sub Wave-1(5965)"
As closing above 5965 in all 3 sessions therefore technically on going rally(impulsive Sub Wave-3) is safe.
Nifty-Intra Day Chart (10-Jan-2013):-
Technical Patterns and Formations in today intraday charts
1- Most of the time trading between Bullish Falling Channel.
2- 3 Smaller Bullish Falling Channels formation within broader Bullish Falling Channel.
3- Whole day actual trading between 5947-5997
Just click on chart for its enlarged view |
Conclusions from 3 Sessions intra day chart analysis
Long and Intermediate term trends are up and Short term trend is sideways for the last 7 sessions between 5948-6026. Nifty slipped below most Crucial and next up trend saviour 5965 in previous 3 sessions but recovered closed also above it in all 3 sessions.
Trading positions around 5965 in next 3 sessions are as follows:-
1- 08-01-2013- Lowest was and 5964.40 closed at 6001.70
2- 09-01-2013- Lowest was and 5958.45 closed at 5971.50
3- 10-01-2013- Lowest was and 5947.30 closed at 5968.65
Importance of 5965 has already been updated on 07-01-2013 in "5965 is most Crucial for Bulls on 08-01-2013" and following line was specially told:-
"Sub Wave-3 should not dip or minimum close below the top of Sub Wave-1(5965)"
As closing above 5965 in all 3 sessions therefore technically on going rally(impulsive Sub Wave-3) is safe.
Nifty-Intra Day Chart (10-Jan-2013):-
Just click on chart for its enlarged view |
1- Most of the time trading between Bullish Falling Channel.
2- 3 Smaller Bullish Falling Channels formation within broader Bullish Falling Channel.
3- Whole day actual trading between 5947-5997
Conclusions from intra day chart analysis
Whole day down moves but with Bullish pattern formations therefore finally rally above 5965 & 6026 will be seen in the coming sessions despite whatsoever INFY 3rd Quarter financial results and IIP numbers tomorrow.
FII & DII trading activity in Capital Market Segment on 10-Jan-2013
| ||||||||||||||||
|
Indian Stock Markets Closing Reports(10-Jan-2013)
1- Benchmark Indices closed flat in volatile market.
2- Most Indices closed flat with minor gains or loss.
3- Black Candle formation.
Ratios
Index Options Put Call Ratio: 0.98
Total Options Put Call Ratio: 0.94
Nifty P/E Ratio(10-Jan-2013): 18.78
Advances & Declines
BSE Advances : 1,163
BSE Declines : 1,831
NSE Advances : 575
NSE Declines : 1,146
Nifty Open Interest Changed Today
Nifty- 5800 CE(Jan)- 16,900(1.68 %)
Nifty- 5800 PE(Jan)- 550,950(7.70%)
Nifty- 5900 CE(Jan)- -58,600(-2.75%)
Nifty- 5900 PE(Jan)- 228,950(3.48%)
Nifty- 6000 CE(Jan)- 321,800(6.84%)
Nifty- 6000 PE(Jan)- -51,350(-1.14%)
Nifty- 6100 CE(Jan)- 51,950(0.81%)
Nifty- 6100 PE(Jan)- 226,950(13.06%)
Closing
Sensex- closed at 19,663.55(-3.04 Points & -0.02%)
Nifty- closed at 5,968.65(-2.85 Points & -0.05%)
CNX Midcap - closed at 8,699.55(-42.50 Points & -0.49%)
CNX Smallcap- closed at 3,858.45(-3.70 Points & -0.10%)
Nifty Spot-Levels & Trading Strategy for 11-01-2013
R3 6057
R2 6031
R1 5999
Avg 5973
S1 5941
S2 5915
S3 5883
Nifty Spot-Trading Strategy
H6 6026 Trgt 2
H5 6013 Trgt 1
H4 5999 Long breakout
H3 5983 Go Short
H2 5978
H1 5973
L1 5962
L2 5957
L3 5952 Long
L4 5936 Short Breakout
L5 5922 Trgt 1
L6 5909 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 11-01-2013
R3 6081
R2 6057
R1 6030
Avg 6006
S1 5979
S2 5955
S3 5928
Nifty(Jan Fut)-Trading Strategy
H6 6054 Trgt 2
H5 6042 Trgt 1
H4 6031 Long breakout
H3 6017 Go Short
H2 6012
H1 6007
L1 5998
L2 5993
L3 5988 Long
L4 5974 Short Breakout
L5 5963 Trgt 1
L6 5951 Trgt 2
Bank Nifty(Jan Fut)-Levels &; Trading Strategy for 11-01-2013
R3 13026
R2 12957
R1 12912
Avg 12843
S1 12798
S2 12729
S3 12684
Bank Nifty(Jan Fut)-Trading Strategy
H6 12981 Trgt 2
H5 12955 Trgt 1
H4 12929 Long breakout
H3 12898 Go Short
H2 12887
H1 12877
L1 12856
L2 12846
L3 12835 Long
L4 12804 Short Breakout
L5 12778 Trgt 1
L6 12752 Trgt 2
NIFTY-Jan F&O-Buying Trade
NIFTY-Jan Fut-Buy at CMP and/or Jan Call Options(6000)-Buy at CMP-5993- SL and TGT will be given tomorrow
Pre-Closing Outlook-3(10-01-2013)
As per our views negative news of Diesel and LPG price hike was falsely created by Business News Channel for the formation of fear psychology and selling by small traders as well as buying of Big Operators therefore we were not Bearish and when Indian markets were near the lowest of the day then we told following line in Pre-Closing Outlook(10-01-2013):-
Finally sustaining beyond 5965 will be firstly watched for next trend confirmation despite today lowest at 5,947.30.
3 Bullish Falling Channel formation today and until Nifty will not sustain below 5965 till then our view will not be Bearish despite as per Elliot Wave Theory Nifty should not close below 5965 for the continuation of on going rally(impulsive Wave).
Finally sustaining beyond 5965 will be firstly watched for next trend confirmation despite today lowest at 5,947.30.
3 Bullish Falling Channel formation today and until Nifty will not sustain below 5965 till then our view will not be Bearish despite as per Elliot Wave Theory Nifty should not close below 5965 for the continuation of on going rally(impulsive Wave).
Pre-Closing Outlook-2(10-01-2013)
Although last more than 1 hour trading below 5965 but today intraday charts are showing 3 Bullish Falling Channel formation therefore view is not Bearish yet.
Pre-Closing Outlook(10-01-2013)
Following 2 mixed developments today:-
1 Although Business News Channel told continuously for Diesel and LPG price hike today but finally no discussion on Fuel price hike in Cabinet meeting today.
2- Higher levels selling but Bullish Falling Channel formation also in today intraday charts.
As technical positions changes sharply in today like contradictory news led markets therefore Nifty again slipped below most crucial and next up trend deciding level(5965) today and closing it beyond today will be next trend confirmation also.
As last 3 sessions news led volatile markets and tomorrow INFY 3rd Quarter financial results as well as IIP numbers announcement also therefore high volatile markets. Finally sustaining beyond 5965 will be firstly watched for next trend confirmation despite today lowest at 5,947.30.
1 Although Business News Channel told continuously for Diesel and LPG price hike today but finally no discussion on Fuel price hike in Cabinet meeting today.
2- Higher levels selling but Bullish Falling Channel formation also in today intraday charts.
As technical positions changes sharply in today like contradictory news led markets therefore Nifty again slipped below most crucial and next up trend deciding level(5965) today and closing it beyond today will be next trend confirmation also.
As last 3 sessions news led volatile markets and tomorrow INFY 3rd Quarter financial results as well as IIP numbers announcement also therefore high volatile markets. Finally sustaining beyond 5965 will be firstly watched for next trend confirmation despite today lowest at 5,947.30.
Fuel price hike news led Down Moves today
As Fuel price hike news on Business News Channels therefore sentiment weakened and Indian markets slipped after higher levels selling today. Intraday down moves of today are again negative news generated but Indian markets are showing Bullish Falling Channel formation also therefore rally continuation above 6026 hopes are very much alive.
As continuous 2 days market is negative news led and tomorrow INFY Quaterly financial results as well as IIP numbers announcement also therefore high volatility can not be ruled out and trading should be done with strict Stop Loss. Although expected that finally rally will be seen above 6026 after follow up consolidations but sustaining beyond 5965 should also be firstly watched for next trend confirmation.
As continuous 2 days market is negative news led and tomorrow INFY Quaterly financial results as well as IIP numbers announcement also therefore high volatility can not be ruled out and trading should be done with strict Stop Loss. Although expected that finally rally will be seen above 6026 after follow up consolidations but sustaining beyond 5965 should also be firstly watched for next trend confirmation.
Mid-session Outlook(10-01-2013)
Although strong opening today but selling development at intraday higher levels and under performance than Global markets also. Most crucial level for deciding next trend is 5965 and sustaining it beyond should be firstly watched now for next trend confirmation.
Post-open Outlook-2(10-01-2013)
Again selling seen today and view is cautious,sustaining beyond 5965 should be firstly watched today for next trend confirmation.
Post-open Outlook(10-01-2013)
Although sharp fall in last hour yesterday but we told following conclusive lines yesterday in Sideways market between 5965-6026 on 10-01-2013:-
1- today last hour fall was only negative news led panic bottom formation
2- Until Nifty will not give 100% confirmation of sustaining below 5965 till then any down move will not be considered
3- rally continuation above 5965 will be expected.
Nifty is trading between strong resistance range(6000-6026) after positive opening but complete consolidation is required for decisive break out above 6026 and also expected that
1- today last hour fall was only negative news led panic bottom formation
2- Until Nifty will not give 100% confirmation of sustaining below 5965 till then any down move will not be considered
3- rally continuation above 5965 will be expected.
Nifty is trading between strong resistance range(6000-6026) after positive opening but complete consolidation is required for decisive break out above 6026 and also expected that
finally break out above 6026 will be seen within couple of sessions after follow up consolidations.
Sideways market between 5965-6026 on 10-01-2013
Nifty-Intra Day Chart (Jan 02 to Jan 092013):-
Technical Patterns and Formations in last 6 Sessions intraday charts
1- Buying between 5965-5995 in last 6 sesions.
2- Selling between 6000-6026 in last 6 sesions.
3- 6 Sessions actual trading between 5960-6026.
Long and Intermediate term trends are up and Short term trend is sideways for the last 6 sessions between 5960-6026 with both higher levels selling and lower levels buying. Sharp fall in last hour today but before that Rising Wedge Bearish formation was seen and as soon as we got Bearish pattern formation confirmation then immediately cautioned in Mid-session Outlook-2(09-01-2013) and told following line:-
Importance of 5965 has already been updated in following topic on 07-01-2013
Nifty moved below 5965 in last 2 sessions and its today break down was negative news of Rail tariff rise generated and closing was above 5965 in both sessions also therefore no breaking down confirmation and sideways market continuation between 5960-6026.
As per our view today last hour fall was only negative news led panic bottom formation. Until Nifty will not give 100% confirmation of sustaining below 5965 till then any down move will not be considered and rally continuation above 5965 will be expected.
Just click on chart for its enlarged view |
1- Buying between 5965-5995 in last 6 sesions.
2- Selling between 6000-6026 in last 6 sesions.
3- 6 Sessions actual trading between 5960-6026.
Conclusions from 6 Sessions intra day chart analysis
Long and Intermediate term trends are up and Short term trend is sideways for the last 6 sessions between 5960-6026 with both higher levels selling and lower levels buying. Sharp fall in last hour today but before that Rising Wedge Bearish formation was seen and as soon as we got Bearish pattern formation confirmation then immediately cautioned in Mid-session Outlook-2(09-01-2013) and told following line:-
Rising Wedge Bearish formation in last 40 minutes therefore view turned cautious
Importance of 5965 has already been updated in following topic on 07-01-2013
Nifty moved below 5965 in last 2 sessions and its today break down was negative news of Rail tariff rise generated and closing was above 5965 in both sessions also therefore no breaking down confirmation and sideways market continuation between 5960-6026.
As per our view today last hour fall was only negative news led panic bottom formation. Until Nifty will not give 100% confirmation of sustaining below 5965 till then any down move will not be considered and rally continuation above 5965 will be expected.
Sideways market and next moves preparation between 5965-6026 will be seen on 10-01-2013.
FII & DII trading activity in Capital Market Segment on 09-Jan-2013
| ||||||||||||||||
|
Indian Stock Markets Closing Reports(09-Jan-2013)
1- Benchmark Indices closed in Red.
2- Negative news led sharp fall in last hour.
3- Long Black candle formation.
Ratios
Index Options Put Call Ratio: 0.90
Total Options Put Call Ratio: 0.85
Nifty P/E Ratio(09-Jan-2013): 18.78
Advances & Declines
BSE Advances : 1,386
BSE Declines : 1,589
NSE Advances : 733
NSE Declines : 1,029
Nifty Open Interest Changed Today
Nifty- 5800 CE(Jan)- -5,950(-0.59%)
Nifty- 5800 PE(Jan)- 59,400(0.84%)
Nifty- 5900 CE(Jan)- -40,650(-1.87%)
Nifty- 5900 PE(Jan)- 222,500(3.50%)
Nifty- 5000 CE(Jan)- 67,300 (1.45%)
Nifty- 5000 PE(Jan)- -362,300(-7.46%)
Nifty- 6100 CE(Jan)- 621,750(10.78%)
Nifty- 6100 PE(Jan)- -84,400(-4.63%)
Closing
Sensex- closed at 19,666.59(-75.93 Points & -0.38%)
Nifty- closed at 5,971.50(-30.20 Points & -0.50%)
CNX Midcap - closed at 8,742.05(-49.00 Points & -0.56%)
CNX Smallcap- closed at 3,862.15(-18.60 Points & -0.48%)
Nifty Spot-Levels & Trading Strategy for 10-01-2013
R3 6070
R2 6045
R1 6008
Avg 5983
S1 5946
S2 5921
S3 5884
Nifty Spot-Trading Strategy
H6 6033 Trgt 2
H5 6019 Trgt 1
H4 6005 Long breakout
H3 5988 Go Short
H2 5982
H1 5976
L1 5965
L2 5959
L3 5953 Long
L4 5936 Short Breakout
L5 5922 Trgt 1
L6 5908 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 10-01-2013
R3 6104
R2 6076
R1 6037
Avg 6009
S1 5970
S2 5942
S3 5903
Nifty(Jan Fut)-Trading Strategy
H6 6065 Trgt 2
H5 6050 Trgt 1
H4 6034 Long breakout
H3 6016 Go Short
H2 6010
H1 6004
L1 5991
L2 5985
L3 5979 Long
L4 5961 Short Breakout
L5 5945 Trgt 1
L6 5930 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 10-01-2013
R3 12971
R2 12920
R1 12846
Avg 12795
S1 12721
S2 12670
S3 12596
Bank Nifty(Jan Fut)-Trading Strategy
H6 12897 Trgt 2
H5 12869 Trgt 1
H4 12840 Long breakout
H3 12806 Go Short
H2 12794
H1 12783
L1 12760
L2 12749
L3 12737 Long
L4 12703 Short Breakout
L5 12674 Trgt 1
L6 12646 Trgt 2
Pre-Closing Outlook-2(09-01-2013)
As per Business Channels that huge rise Rail tariff may be announced by Railway Minister today therefore sharp fall seen in Indian markets.
Rising Wedge Bearish formation was updated well in advance by us. Although Nifty slipped below 5965 but today down moves are negative news generated therefore sustaining below 5965 will be firstly watched tomorrow for down trend confirmation.
Rising Wedge Bearish formation was updated well in advance by us. Although Nifty slipped below 5965 but today down moves are negative news generated therefore sustaining below 5965 will be firstly watched tomorrow for down trend confirmation.
Pre-Closing Outlook(09-01-2013)
As soon as Rising Wedge Bearish formation was seen then it was immediately updated and Nifty slipped after that as well as formed new intraday lows. As 5 Sessions trading between 5965-6026 with mixed intraday patterns(Higher levels selling and lower levels) therefore following lines were told in almost all previous Outlooks and being repeated:-
Strong resistance formation between 6000-6026 therefore complete consolidation is required for decisive rally above 6026 and sustaining beyond 5965-6026 will be firstly watched now for next moves confirmations.
Strong resistance formation between 6000-6026 therefore complete consolidation is required for decisive rally above 6026 and sustaining beyond 5965-6026 will be firstly watched now for next moves confirmations.
Mid-session Outlook-2(09-01-2013)
Although Nifty recovered from lower levels and traded again above 6000 also but development of Rising Wedge Bearish formation in last 40 minutes therefore view turned cautious and sustaining beyond 5965-6026 will be firstly watched now for next moves confirmations because mixed intraday patterns seen today.
Mid-session Outlook(09-01-2013)
Firstly emergence of consolidation indications and then minor up moves also seen but not sustaining at higher levels and loosing of all intraday gains as well as now trading near today intraday lower levels below 6000 but up moves continuation hopes above 6026 is still alive after follow up complete consolidations firstly between 5974-6000 and after that between 6000-6026.
Now next trend confirmation range is 5965-6026.
Post-open Outlook-2(09-01-2013)
As good selling and strong resistance formation between 6000-6026 in previous 4 sessions therefore complete consolidation is required for decisive rally above 6026. Nifty is trading within mentioned resistance range between 6006-6015 and preparing for next moves. As emergence of consolidation indications therefore hopes of rally above 6026 turned alive but valid break out of 6000-6026 should also be watched for next immediate moves confirmation.
Post-open Outlook(09-01-2013)
Although Nifty Jan Fut. is trading in Red today but intraday charts have not shown selling formations yet. Nifty is trading in Green but between resistance range(6000-6026) after positive opening and firstly sustaining beyond this range will be watched today for next immediate moves confirmation.
Rally toward 6239.95 after support at 5965
Nifty-EOD Chart (04-Jan-2013):-
Just click on chart for its enlarged view |
Just click on chart for its enlarged view |
1- Sub Wave-4 completion(5548.35 on 20-11-2012).
2- Sub Wave-5 of Wave-3 continuation.
3- Sub Wave-1 of Sub Wave-5(5965.15 on 11-12-2012)
4- Sub Wave-1 of Sub Wave-5 gained 416.80 points.
5- Sub Wave-2 of Sub Wave-5(5823.15 on 18-12-2012).
6- Sub Wave-3 of Sub Wave-5 is on.
Conclusions from EOD chart analysis
As per Elliot Wave theory Wave-3 of any degree should never be shorter than both Wave-1 and Sub Wave-5 of that degree. Sub Wave-1 gained 416.80 points and as per theory Sub Wave-3 will gain minimum 416.80 points which started from 5823.15 and its minimum target will be:-
5823.15+416.80=6239.95
Nifty-Intra Day Chart (08-Jan-2013):-
Just click on chart for its enlarged view |
1- Consolidation between 5965-5974.
2- Bounce back after lower levels consolidations.
3- Whole day actual trading between 5965-6006.
Conclusions from intra day chart analysis
When Nifty was trading near 5965 and all the Global market were in Red then we told following lines today at 12:25 PM in Mid-session Outlook(08-01-2013):-
we are expecting support getting and rally beginning after yesterday started correction completion near 5965.
Bounce back after consolidation between 5965-5974 was seen today and importance of 5965 was updated in following topic yesterday:-
Technical positions of last 4 Sessions have already been updated in intraday chart of above mentioned topic and it is clear that good selling and resistance development between 6000-6026 in last 4 sessions and firstly requirement of complete consolidation in the coming sessions for decisive rally above 6026.
Good support at 5965 today and expected that finally on going rally will remain continued toward above mentioned target of 6239.95.
FII & DII trading activity in Capital Market Segment on 08-Jan-2013
| ||||||||||||||||
|
Indian Stock Markets Closing Reports(08-Jan-2013)
1- Benchmark Indices closed in Green.
2- Strong recovery after getting support at 5965.
3- White Candle formation.
Ratios
Index Options Put Call Ratio: 1.04
Total Options Put Call Ratio: 0.98
Nifty P/E Ratio(08-Jan-2013):18.84
Advances & Declines
BSE Advances : 1,433
BSE Declines : 1,505
NSE Advances : 634
NSE Declines : 811
Nifty Open Interest Changed Today
Nifty- 5800 CE(Jan)- 8,100(0.78%)
Nifty- 5800 PE(Jan)- 787,950(12.49%)
Nifty- 5900 CE(Jan)- -90,300(-3.94%)
Nifty- 5900 PE(Jan)- 250,650(4.04%)
Nifty- 6000 CE(Jan)- 65,900(1.42%)
Nifty- 6000 PE(Jan)- 479,800(10.77%)
Nifty- 6100 CE(Jan)- 381,000(6.89%)
Nifty- 6100 PE(Jan)- 111,850 (6.44%)
Closing
Sensex- closed at 19,742.52(51.10 Points & 0.26%)
Nifty- closed at 6,001.70(13.30 Points & 0.22%)
CNX Midcap - closed at 8,791.05(23.00 Points & 0.26%)
CNX Smallcap- closed at 3,880.75(-7.95 Points & -0.20%)
Nifty Spot-Levels & Trading Strategy for 09-01-2013
R3 6060
R2 6033
R1 6017
Avg 5990
S1 5974
S2 5947
S3 5931
Nifty Spot-Trading Strategy
H6 6044 Trgt 2
H5 6034 Trgt 1
H4 6024 Long breakout
H3 6012 Go Short
H2 6008
H1 6004
L1 5997
L2 5993
L3 5989 Long
L4 5977 Short Breakout
L5 5967 Trgt 1
L6 5957 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 09-01-2013
R3 6121
R2 6085
R1 6064
Avg 6028
S1 6007
S2 5971
S3 5950
Nifty(Jan Fut)-Trading Strategy
H6 6100 Trgt 2
H5 6087 Trgt 1
H4 6074 Long breakout
H3 6058 Go Short
H2 6053
H1 6048
L1 6037
L2 6032
L3 6027 Long
L4 6011 Short Breakout
L5 5998 Trgt 1
L6 5985 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 09-01-2013
R3 12988
R2 12913
R1 12868
Avg 12793
S1 12748
S2 12673
S3 12628
Bank Nifty(Jan Fut)-Trading Strategy
H6 12945 Trgt 2
H5 12917 Trgt 1
H4 12890 Long breakout
H3 12857 Go Short
H2 12846
H1 12835
L1 12813
L2 12802
L3 12791 Long
L4 12758 Short Breakout
L5 12730 Trgt 1
L6 12703 Trgt 2
Mid-session Outlook-2 (08-01-2013)
When Nifty was trading near 5965 then following lines were told today at 12:25:00 PM in Mid-session Outlook(08-01-2013):-
Although all the Global markets are in Red and Indian markets also slipped today but we are expecting support getting and rally beginning after yesterday started correction completion near 5965.
Technical importance of 5965 has already been updated in previous topic yesterday and now Nifty is trading near 5965,closing it beyond should be firstly watched today for next trend confirmation.
We told only for 5965 in both previous Outlooks and Nifty bounced from 5,964.40 and now trading at 5992 as well as given strong indication of yesterday started correction completion near 5965.
As good selling between 6000-6026 in last 4 sessions therefore more consolidation is required for decisive rally above 6026 and also expected that finally on going rally will remain continued after follow up consolidations in the coming sessions.
Although all the Global markets are in Red and Indian markets also slipped today but we are expecting support getting and rally beginning after yesterday started correction completion near 5965.
Technical importance of 5965 has already been updated in previous topic yesterday and now Nifty is trading near 5965,closing it beyond should be firstly watched today for next trend confirmation.
We told only for 5965 in both previous Outlooks and Nifty bounced from 5,964.40 and now trading at 5992 as well as given strong indication of yesterday started correction completion near 5965.
As good selling between 6000-6026 in last 4 sessions therefore more consolidation is required for decisive rally above 6026 and also expected that finally on going rally will remain continued after follow up consolidations in the coming sessions.
Mid-session Outlook(08-01-2013)
Although all the Global markets are in Red and Indian markets also slipped today but we are expecting support getting and rally beginning after yesterday started correction completion near 5965.
Technical importance of 5965 has already been updated in previous topic yesterday and now Nifty is trading near 5965,closing it beyond should be firstly watched today for next trend confirmation.
5965 is most Crucial for Bulls on 08-01-2013
Nifty-Intra Day Chart (Jan 02 to Jan 072013):-
Technical Patterns and Formations in last 4 Sessions intraday charts
1- Buying between 5982-5995 in last 4 sesions.
2- Selling between 6000-6026 in last 4 sesions.
3- 4 Sessions actual trading between 5982-6026.
Conclusions from 4 Sessions intra day chart analysis
Long and Intermediate term trends are up and Short term trend is sideways for the last 4 sessions between 5982-6026 with both higher levels selling and lower levels buying.
Although sharp fall seen in last 40 minutes today but when Indian markets were in Green after gap up opening today then we told following line at 10:40 AM in Post-open Outlook(07-01-2013):-
"market has not shown required strength today therefore profit booking possibility will also be considered"
As higher levels good selling in last 3 sessions also therefore sharp fall seen today and last 4 sessions lowest also broken down. Although good supports also lies between 5982-5995 but complete consolidation is must for sustaining above 5982 and decisive up moves above 6026.
Although closing near lower levels of the day today but it was only very short term correction because as per our views stream is still left in on going rally and Intermediate/Long Term correction is expected from any top between 6239-6331.
Expected that up moves will remain continued after follow up consolidations in the coming sessions and following supports should be firstly watched:-
1- 5982
2- 5965-5977(Gap support)
Just click on chart for its enlarged view |
1- Buying between 5982-5995 in last 4 sesions.
2- Selling between 6000-6026 in last 4 sesions.
3- 4 Sessions actual trading between 5982-6026.
Conclusions from 4 Sessions intra day chart analysis
Long and Intermediate term trends are up and Short term trend is sideways for the last 4 sessions between 5982-6026 with both higher levels selling and lower levels buying.
Although sharp fall seen in last 40 minutes today but when Indian markets were in Green after gap up opening today then we told following line at 10:40 AM in Post-open Outlook(07-01-2013):-
"market has not shown required strength today therefore profit booking possibility will also be considered"
As higher levels good selling in last 3 sessions also therefore sharp fall seen today and last 4 sessions lowest also broken down. Although good supports also lies between 5982-5995 but complete consolidation is must for sustaining above 5982 and decisive up moves above 6026.
Although closing near lower levels of the day today but it was only very short term correction because as per our views stream is still left in on going rally and Intermediate/Long Term correction is expected from any top between 6239-6331.
Expected that up moves will remain continued after follow up consolidations in the coming sessions and following supports should be firstly watched:-
1- 5982
2- 5965-5977(Gap support)
As on going Sub Wave-3 should not dip or minimum close below the top of Sub Wave-1(5965) and Gap support is just above it also therefore 5965 should be also firstly watched tomorrow for on going rally continuation confirmation.
Subscribe to:
Posts (Atom)