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Mid-session Outlook(02-04-2013)

Rally continuation after lower levels consolidations today and today up moves were also supported by US Futures surge after 12:00PM as well as Positive European markets opening. As whole up move is without force and with Bearish Rising Wedge formations therefore higher levels consolidation is also required and volatility may be seen as well.

Following line was told in Wave 5 formation towards next target above 6111.80 on 31-03-2013 which proved 100% accurate today:- 

minimum Pull Back Rally will be seen in Short term.

Rally continuation is expected after some more higher levels consolidations.

Technical Analysis and Market Outlook(02-04-2013)

Nifty-Intra Day Chart (01-Apr-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 5700-5720
2- Support between 5675-5688
3- Whole day actual trading between 5675-5720
Conclusions from intra day chart analysis 

Following Outlook was updated in both previous intraday Outlooks yesterday:-

As lower levels supports and higher levels selling patterns indications therefore view is watchful today and valid break out of today trading range(5675-5720) will give next Short term move confirmations. 

Pre-open Outlook(02-04-2013)

Asian markets are mixed today morning after negative closing in US markets yesterday therefore sentiment is quiet but it seems that selling was more than buying yesterday therefore expected that Nifty will firstly trade within yesterday trading range after little weaker opening.

Although slipping below 5675 can not be ruled out but follow up moves and finally sustaining beyond 5675-5720 will be next Short Term Trend confirmation therefore should be firstly watched today.

Nifty(Apr Fut)- Intraday Trading levels , Strategy and Targets for 02-04-2013

 -------------------------------------------------
Buy at or above:-5738
-------------------------------
1st Targets:5754
2nd Targets:5773
3rd Targets:5792
4th Targets:5811
-------------------------------
Stop Loss:5719
-------------------------------------------------
Sell at or below:-5719
-------------------------------
1st Targets:5703
2nd Targets:5684
3rd Targets:5665
4th Targets:5646
-------------------------------
Stop Loss:5738
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.
6- Firstly  go through today Outlooks also for better profits and more accuracy.

Bank Nifty(Apr Fut)- Intraday Trading levels,Strategy and Targets for 02-04-2013

-------------------------------------------------
Buy at or above:-11502
-------------------------------
1st Targets:11523
2nd Targets:11550
3rd Targets:11577
4th Targets:11604
-------------------------------
Stop Loss:11475
-------------------------------------------------
Sell at or below:-11475
-------------------------------
1st Targets:11454
2nd Targets:11427
3rd Targets:11401
4th Targets:11502
-------------------------------
Stop Loss:
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.

Nifty Spot-Levels & Trading Strategy for 02-04-2013

Nifty Spot-Levels

R3 5769
R2 5744
R1 5724
Avg 5699
S1 5679
S2 5654
S3 5634

Nifty Spot-Trading Strategy

H6 5749     Trgt 2
H5 5738     Trgt 1
H4 5728     Long breakout
H3 5716     Go Short
H2 5712
H1 5708
L1 5699
L2 5695
L3 5691     Long
L4 5679     Short Breakout
L5 5669     Trgt 1
L6 5658     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 02-04-2013

Nifty(Apr Fut)-Levels

R3 5794
R2 5768
R1 5747
Avg 5721
S1 5700
S2 5674
S3 5653

Nifty(Apr Fut)-Trading Strategy

H6 5773     Trgt 2
H5 5762     Trgt 1
H4 5751     Long breakout
H3 5738     Go Short
H2 5734
H1 5730
L1 5721
L2 5717
L3 5713     Long
L4 5700     Short Breakout
L5 5689     Trgt 1
L6 5678     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 02-04-2013

Bank Nifty(Apr Fut)-Levels

R3 11683
R2 11600
R1 11540
Avg 11457
S1 11397
S2 11314
S3 11254

Bank Nifty(Apr Fut)-Trading Strategy

H6 11624     Trgt 2
H5 11591     Trgt 1
H4 11558     Long breakout
H3 11519     Go Short
H2 11506
H1 11493
L1 11466
L2 11453
L3 11440     Long
L4 11401     Short Breakout
L5 11368     Trgt 1
L6 11335     Trgt 2

Pre-Closing Outlook(01-04-2013)

As lower levels supports and higher levels selling patterns indications therefore view is watchful today and valid break out of today trading range(5675-5720) will give next Short term move confirmations. 

Mid-session Outlook-2(01-04-2013)

Although some recovery from lower levels after getting supports and trading in Green at this moment also but today intraday charts are showing selliing patterns indications also therefore view is cautious and firstly today trading range valid break out will be watched.

Mid-session Outlook(01-04-2013)

Good opening and slipping into Red after more than 3 hours positive zone trading because intraday correction was required after strong rally last Friday. As multiple resistances at higher levels therefore consolidation is also required before any sustained up move.

Strong base formations at lower levels in previous week therefore Pull Back rally possibility is still expected after completion of on going intraday correction despite trading in Red after loosing all good intraday gains.

Wave 5 formation towards next target above 6111.80

Technical Analysis,Research & Weekly Outlook 
(Apr 01 to Apr 05,2013)
Nifty-EOD Chart (28-Mar-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Wave-3 beginning after 13 Months Wave-2 correction completion) 
2- Wave 1(5629.95 on 22-02-2012)
3- Wave 2(4770.35 on 04-06-2012)
4- Wave i(5348.55 on 10-07-2012)
5- Wave ii(5032.40 on 26-07-2012)
6- Wave iii(5815.35 on 05-10-2012) 
7- Wave iv(5548.35 on 20-11-2012)
8- Wave v of Wave 3(6111.80 on 29-01-2013) 
9- Wave A(5663.60 on 04-03-2012)
10- Wave B(5971.20 on 11-03-2012)
11- Wave C bottom formation at 5604.85 on 28-03-2012 
12- Wave 4 correction continuation
13- 200 Day EMA at 5671 on 28-03-2012
14- 200 Day DMA at 5627 on 28-03-2012

Nifty-Intra Day Chart (28-Mar-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- More than 5 hours consolidation between 5605-5640
2- Strong rally in last 45 minutes
3- Closing near higher levels of the day
4- Whole day actual trading between 5605-5690

Conclusions (After Putting All Studies Together)

As Per Elliot Wave Theory:-

The bottom of Wave-4 should not dip below the top of Wave 1,at least on a closing basis.

Top of Wave 1 is at 5629.95 and Nifty slipped below it in last 3 sessions but not closed below it and 5 sessions traded between Long Term Trend decider 200 Day DMA and EMA as well. As not closing below 5629.95 and rally also above both Long Term Trends deciders last Friday therefore strong indication of on going Waves structure survival. It means that beginning of Wave 5 to cross the top of rally((6111.80) and also the possibility new all time high formation above 6357.10. 

Strong rally after more than 5 hours consolidation between 5605-5640 last Friday means good supports at lower levels and minimum Pull Back Rally will be seen in Short term. As political uncertainty therefore volatility can not be ruled out but until Nifty will not sustain below 5605 or close below 5629.95 till then next decisive down move will not be considered. Although General Elections may also be declared and may be big negative news flow also in the coming weeks,months and years but finally markets moves on technicals and until above mentioned Waves structure survives till then rally possibility is very much alive above 6111.80/6357.10.

Expected that up moves will remain continued in the coming sessions but higher levels consolidations is also required because strong multiple resistances upto 6111.80. 

Nifty(Apr Fut)- Intraday Trading levels , Strategy and Targets for 01-04-2013

 -------------------------------------------------
Buy at or above:-5700
-------------------------------
1st Targets:5716
2nd Targets:5735
3rd Targets:5754
4th Targets:5773
-------------------------------
Stop Loss:5681
-------------------------------------------------
Sell at or below:-5681
-------------------------------
1st Targets:5665
2nd Targets:5646
3rd Targets:5627
4th Targets:5609
-------------------------------
Stop Loss:5700
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.
6- Firstly  go through today Outlooks also for better profits and more accuracy.

Bank Nifty(Apr Fut)- Intraday Trading levels,Strategy and Targets for 01-04-2013

-------------------------------------------------
Buy at or above:-11368
-------------------------------
1st Targets:11389
2nd Targets:11416
3rd Targets:11443
4th Targets:11470
-------------------------------
Stop Loss:11342
-------------------------------------------------
Sell at or below:-11342
-------------------------------
1st Targets:11321
2nd Targets:11294
3rd Targets:11268
4th Targets:11241
-------------------------------
Stop Loss:11368
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.

FII Trading Data in Derivatives Segment on 28-Mar-2013


FII & DII trading activity in Capital Market Segment on 28-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII28-Mar-2013 5973.445399.57573.87

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII28-Mar-2013 14771823.12-346.12

Nifty Spot-Levels & Trading Strategy for 01-04-2013

Nifty Spot-Levels

R3 5802
R2 5747
R1 5714
Avg 5659
S1 5626
S2 5571
S3 5538

Nifty Spot-Trading Strategy

H6 5771     Trgt 2
H5 5750     Trgt 1
H4 5730     Long breakout
H3 5706     Go Short
H2 5698
H1 5690
L1 5673
L2 5665
L3 5657     Long
L4 5633     Short Breakout
L5 5613     Trgt 1
L6 5592     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 01-04-2013

Nifty(Apr Fut)-Levels

R3 5837
R2 5782
R1 5748
Avg 5693
S1 5659
S2 5604
S3 5570

Nifty(Apr Fut)-Trading Strategy

H6 5804     Trgt 2
H5 5783     Trgt 1
H4 5762     Long breakout
H3 5738     Go Short
H2 5730
H1 5722
L1 5705
L2 5697
L3 5689     Long
L4 5665     Short Breakout
L5 5644     Trgt 1
L6 5623     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 01-04-2013

Bank Nifty(Apr Fut)-Levels

R3 11889
R2 11687
R1 11554
Avg 11352
S1 11219
S2 11017
S3 10884

Bank Nifty(Apr Fut)-Trading Strategy

H6 11765     Trgt 2
H5 11685     Trgt 1
H4 11606     Long breakout
H3 11514     Go Short
H2 11483
H1 11452
L1 11391
L2 11360
L3 11329     Long
L4 11237     Short Breakout
L5 11158     Trgt 1
L6 11078     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Apr 01 to Apr 05,2013)

Nifty Spot-Weekly Levels

R3 5844
R2 5781
R1 5731
Avg 5668
S1 5618
S2 5555
S3 5505

Nifty Spot-Weekly Trading Strategy 

H6 5796     Trgt 2
H5 5770     Trgt 1
H4 5744     Long breakout
H3 5713     Go Short
H2 5702
H1 5692
L1 5671
L2 5661
L3 5650     Long
L4 5619     Short Breakout
L5 5593     Trgt 1
L6 5567     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Apr 01 to Apr 05,2013)

Bank Nifty Spot-Weekly Levels

R3 11865
R2 11639
R1 11500
Avg 11274
S1 11135
S2 10909
S3 10770

Bank Nifty Spot-Weekly Trading Strategy 

H6  11737    Trgt 2
H5  11650    Trgt 1
H4  11562    Long breakout
H3  11462    Go Short
H2  11428
H1  11395
L1  11328
L2  11295
L3  11261    Long
L4  11161     Short Breakout
L5  11073     Trgt 1
L6  10986    Trgt 2