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Post-open Outlook(23-01-2013)

As last 2 hours fall of yesterday did not showed required force therefore follow up selling and valid break down of 6020 should be firstly watched for next down moves confirmations. Good selling between 6068-6100 in previous 3 sessions and complete consolidation is required within and below this range foe a decisive up move above 6100. Although most Asian markets are in Red but Indian markets are positive between 6057-6069 since opening today and it is first signal of strength. Indian markets are preparing for next trend within this range and valid break out of this range will be next moves 1st indication.

We never guess and whatsoever charts suggest,we update according to intraday charts formations . As no confirmation yet after small slipping from intraday higher levels and minor support also seen at lower level therefore valid break out should be firstly watched:-

1- 6057-6069(For next moves first indication)
2- 6020-6100(For deeper correction or rally continuation after short term correction completion}

Let market prepare and intraday start to show built in technical positions then will be updated accordingly.

Technical Analysis and Market Outlook(23-01-2013)

Nifty-Intra Day Chart (22-Jan-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1-First 3 hours selling between 6085-6100
2- Whole day actual trading between 6043-6100 

Conclusions from intra day chart analysis 

Although Indian markets up on 18 Jan and 19 Jan but on the back of positive news flow and intraday charts also showed selling patterns therefore we told following lines:-

1-On 20-01-2013 in Down Moves after Positive Weekly Opening:-

1-"As above expectations RIL Quarterly results declaration after trading hours on 18-01-2013 therefore positive opening will be seen on 21-01-2013 but expected that Nifty will not sustain at higher levels"

Although low formation at 6040.50 on 22-01-2013 but it was predicted well before and told following lines on 21-01-2013 in "Short Term correction on Cards":-

1- Nifty will not sustain above 6068
2- will slip below 6048 in the coming sessions.
3- Short Term correction will be seen within 2/3 sessions.

Down moves started after 12:30 PM on 22-01-2013 but when Indian markets were trading near the higher levels then selling was clearly told at 11:51: AM in Mid-session Outlook(22-01-2013):-

1- intraday charts are also selling patterns
2- selling signals in last more than 1 hour trading

Confirm and good selling between 6068-6100 in previous 3 sessions and complete cosolidation is required for any decisive up moves above 6100 and follow up selling will mean sharp fall toward 5960.

Expected that Nifty will firstly trade and prepare for next moves between 6020-6068 and break out of this range will give confirmation to deeper correction or yesterday started correction completion.

FII & DII trading activity in Capital Market Segment on 22-Jan-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII22-Jan-20133514.552468.151046.4

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII22-Jan-20131002.791858.14-855.35

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


Nifty Spot-Levels & Trading Strategy for 23-01-2013

Nifty Spot-Levels

R3 6147
R2 6124
R1 6086
Avg 6063
S1 6025
S2 6002
S3 5964

Nifty Spot-Trading Strategy

H6 6109     Trgt 2 
H5 6095     Trgt 1
H4 6081     Long breakout 
H3 6064     Go Short 
H2 6059
H1 6053
L1 6042
L2 6036
L3 6031     Long 
L4 6014     Short Breakout 
L5 6000     Trgt 1 
L6 5986     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 23-01-2013

Nifty(Jan Fut)-Levels

R3 6150
R2 6129
R1 6095
Avg 6074
S1 6040
S2 6019
S3 5985

Nifty(Jan Fut)-Trading Strategy

H6 6116     Trgt 2 
H5 6103     Trgt 1
H4 6091     Long breakout 
H3 6076     Go Short 
H2 6071
H1 6066
L1 6055
L2 6050
L3 6045     Long 
L4 6030     Short Breakout 
L5 6018     Trgt 1 
L6 6005     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 23-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12975
R2 12886
R1 12745
Avg 12656
S1 12515
S2 12426
S3 12285

Bank Nifty(Jan Fut)-Trading Strategy

H6 12834     Trgt 2 
H5 12782     Trgt 1
H4 12730     Long breakout 
H3 12667     Go Short 
H2 12646
H1 12625
L1 12582
L2 12561
L3 12540     Long 
L4 12477     Short Breakout 
L5 12425     Trgt 1 
L6 12373     Trgt 2

Pre-Closing Outlook(22-01-2013)

When Indian markets were trading near the higher levels today then we told following lines today in Mid-session Outlook:-

1- intraday charts are also selling patterns
2- selling signals in last more than 1 hour trading

Nifty traded at 6043 today and proved accuracy of our prediction yesterday in Short Term correction on Cards:-

1- Nifty will not sustain above 6068
2- will slip below 6048 in the coming sessions.
3- Short Term correction will be seen within 2/3 sessions.

Short Term correction is on and its continuation is expected.

Mid-session Outlook(22-01-2013)

Indicators are showing negative divergence on Daily Charts and without force up moves as well as intraday charts are also selling patterns therefore seems that market is near its top and sharp down moves will be seen after breaking down. Although up moves but not on the back of consolidations and due to positive news flow therefore as per our views distribution is going on and minimum Short Term Correction is expected.

As most Asian markets moved up from lower levels therefore Indian markets also marginally up after flat opening. 22 points trading today between 5979-6001 with selling signals in last more than 1 hour trading. Valid break out of mentioned today trading range should be firstly watched for next immediate moves confirmations.

NIFTY-Jan Put Option(6000)-Bought on 18-01-2013-Message

NIFTY-Jan Put Option(6000)-Positional Bought on 18-01-2013-Hold and just wait for covering message.Selling therefore small up after RIL good results(Lalit39)

FII Trading Data in Derivatives Segment on 21-Jan-2013


Short Term correction on Cards

Nifty-Intra Day Chart (Jan 18 to Jan 21,2013)
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 6068-6082 on 18-01-2013
2- Selling between 6072-6082 on 21-01-2013
3- Selling between 6082-6092 on 21-01-2013
4- 2 Sessions actual trading between 6048-6092 

Conclusions from 2 Sessions intra day chart analysis 

Although last more than 1 hour trading near the highs of the day and near the highs of ongoing rally as well but it does not mean that it is supported by lower levels consolidations but last 2 sessions trading is under heated sentiments, firstly due to Strong Asian markets last Friday and today because of good RIL results.

As intraday selling formations seen if last 2 sessions therefore expected that Nifty will not sustain above 6068 and will slip below 6048 in the coming sessions. As per our views selling is continued on the back of positive news flows and let distribution complete then Short Term correction will be seen within 2/3 sessions.

FII & DII trading activity in Capital Market Segment on 21-Jan-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII21-Jan-20133434.622591.66842.96

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII21-Jan-20131014.431904.6-890.17

Indian Stock Markets Closing Reports(21-Jan-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Positive closing after volatile market.
3- Doji Candle formation.

Ratios

Index Options Put Call Ratio: 1.12
Total Options Put Call Ratio: 1.01
Nifty P/E Ratio(21-Jan-2013): 18.34

Advances & Declines

BSE Advances : 1,342
BSE Declines : 1,569
NSE Advances :   668
NSE Declines :   789

Nifty Open Interest Changed Today

Nifty- 5700 CE(Jan)- -12,050(-1.85%)
Nifty- 5700 PE(Jan)- -153,750(-3.41%)

Nifty- 5800 CE(Jan)- -22,150(-2.44%)
Nifty- 5800 PE(Jan)-  358,650(4.62%)

Nifty- 5900 CE(Jan)- -111,800(-7.47%)
Nifty- 5900 PE(Jan)-  101,350(1.21%)

Nifty- 6000 CE(Jan)- -316,050(-7.84%)
Nifty- 6000 PE(Jan)-  1,119,800(14.04%)

Nifty- 6100 CE(Jan)-  462,600(7.58%)
Nifty- 6100 PE(Jan)-  1,286,100(54.43%)

Closing 

Sensex- closed at 20,101.82(62.78 Points & 0.31%)
Nifty- closed at 6,082.30(17.90 Points & 0.30%)
CNX Midcap - closed at 8,601.10(9.75 Points & 0.11%)
CNX Smallcap- closed at 3,800.50(16.85 Points & 0.45%)

Nifty Spot-Levels & Trading Strategy for 22-01-2013

Nifty Spot-Levels

R3 6124
R2 6109
R1 6095
Avg 6080
S1 6066
S2 6051
S3 6037

Nifty Spot-Trading Strategy

H6 6111     Trgt 2 
H5 6104     Trgt 1
H4 6097     Long breakout 
H3 6089     Go Short 
H2 6087
H1 6084
L1 6079
L2 6076
L3 6074     Long 
L4 6066     Short Breakout 
L5 6059     Trgt 1 
L6 6052     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 22-01-2013

Nifty(Jan Fut)-Levels

R3 6149
R2 6128
R1 6112
Avg 6091
S1 6075
S2 6054
S3 6038

Nifty(Jan Fut)-Trading Strategy

H6 6133     Trgt 2 
H5 6124     Trgt 1
H4 6116     Long breakout 
H3 6106     Go Short 
H2 6102
H1 6099
L1 6092
L2 6089
L3 6085     Long 
L4 6075     Short Breakout 
L5 6067     Trgt 1 
L6 6058     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 22-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12855
R2 12799
R1 12742
Avg 12686
S1 12629
S2 12573
S3 12516

Bank Nifty(Jan Fut)-Trading Strategy

H6 12799     Trgt 2 
H5 12773     Trgt 1
H4 12748     Long breakout 
H3 12717     Go Short 
H2 12706
H1 12696
L1 12675
L2 12665
L3 12654     Long 
L4 12623     Short Breakout 
L5 12598     Trgt 1 
L6 12572     Trgt 2

Pre-Closing Outlook(21-01-2013)

Although selling was seen in first 3 hours but sharp up moves were also seen and Nifty traded at 6094 also. As sentiment is heated today due to good RIL results last Friday therefore today sharp surge may be a part of intraday volatility also. Selling was seen between 6075-5080 today and if Nifty sustains above 6080 then more up moves will be considered and correction confirmation will be below 6048.

Mid-session Outlook(21-01-2013)

Intraday selling patterns and Bearish lower top formations as well therefore again development of minimum very short term down moves possibility today.

NIFTY-Jan Put Option(6000)-Bought on 18-01-2013-Message

NIFTY-Jan Put Option(6000)-Bought on 18-01-2013-Market will be volatile but will be finally down.Hold and cover after my covering message(Lalit39)

Down Moves after Positive Weekly Opening

Technical Analysis,Research & Weekly Outlook
(Jan 21 to Jan 25,2013)
Nifty-Intra Day Chart (18-Jan-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 6068-6082
2- Whole day down moves in Bullish Falling Channel.
3- Whole day actual trading between 6048-6082 

Conclusions from intra day chart analysis 

Although whole day down moves in Bullish falling channel but good selling seen therefore view will not be Bullish despite Green closing and whole day trading patterns are suggesting that finally market should move down below the lowest of the day(6048)

Nifty-Intra Day Chart (Jan 02 to Jan 18,2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 13 Sessions intraday charts

1- Selling between 6000-6026
2- Consolidation between 5940-5970
3- consolidation between 6001-6017 on 17-01-2013
4- Selling between 6040-6052 on 17-01-2013
5- Selling between 6068-6082 on 18-01-2013
6- 13 Sessions actual trading between 5940-6082 

Conclusions from 13 Sessions intra day chart analysis 

Firstly 9 sessions trading between 5940-6026 Consolidation at lower levels but equally good selling also at higher levels also and range broken out on 15-01-2013 but slipped again below 6026 after higher levels selling on 16-01-2013.  Although 9 sessions trading range broken out on 17-01-2013 but again selling seen on 18-01-2013.

Conclusions (After Putting All Studies Together)

Broader trends have already been updated in following topics in previous week and no significant change in technical till now therefore not being repeated. Just click following links and understand long term trend,Indicators analysis,next correction possibilities and Waves structure:-

Market Cautious after Indo-Pak Cross Border Firing
Technical Analysis and Market Outlook(16-01-2013)

As above expectations RIL Quarterly results declaration after trading hours on 18-01-2013 therefore positive opening will be seen on 21-01-2013 but expected that Nifty will not sustain at higher levels.

9 sessions trading range(5940-6026) broken out but lacking required force and selling development at higher levels therefore expected that Nifty will reverse into 9 sessions trading range and again prepare for next decisive trend in the coming week. Valid break out of 5940-6082 will give following conclusions:-

1- Below 5940 will mean Intermediate term corrcetion.
2- Above 6082 will mean up moves toward maximum up to 6331.