Mid-session Outlook-2(22-04-2013)

Firstly lower levels supports but selling development also at higher levels in last 1 hour therefore firstly valid break out of today trading range(5790-5833) should be watched for next very short term moves confirmations.

Mid-session Outlook(22-04-2013)

Indian markets are quiet today after previous week strong rally and preparing for up moves with consolidation patterns formations amid heated sentiments.

Wave 5 confirmations for new top of rally above 6111.80

Technical Analysis,Research & Weekly Outlook

(Apr 22 to Apr 26,2013)

Nifty-EOD Chart (18-Apr-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- Impulsive Wave 3 continuation
5- Wave i(5348.55 on 10-07-2012)
6- Wave ii(5032.40 on 26-07-2012)
7- Wave iii(5815.35 on 05-10-2012) 
8- Wave iv(5548.35 on 20-11-2012)
9- Impulsive Wave v of Wave 3 completion at 6111.80 on 29-01-2013 
10- Corrective Wave 4 continuation
11- Wave A(5663.60 on 04-03-2012)
12- Wave B(5971.20 on 11-03-2012)
13- Corrective Wave C of Wave 4 completion at 5477.20 on 10-04-2013 
14- Impulsive Wave 5 continuation
15- 200 Day EMA and DMA at 5665 on 18-04-2012

Conclusions from EOD chart analysis 

Following crucial levels were broken down during Corrective Wave 4 continuation:-

1- 5629.95(Top of Wave 1)
2- Long Term Trend decider 200 Day EMA
3- Long Term Trend decider 200 Day DMA
4- 5548.35(Strong support broken down)

As Nifty slipped below 5629.95(Top of Wave 1) therefore whole waves structure came in question and waves recounting was to be done. In fact whole this exercise had become beyond any calculation and understanding but even after that Pull Back Rally possibility was told on 14-04-2013 in Technical Analysis,Research & Weekly Outlook(Apr 15 to Apr 18,2013) 

"FIIs bought more than 3200 Cr in Stock Futures during April 2013 and lower levels supports were also seen in last 7 sessions as well as Indicators are showing positive divergence in Oversold zone therefore Pull Back Rally possibility turned alive and valid break out of previous 7 sessions trading range(5478-5610) should be firstly watched in next week for next Short Term Trend confirmations"

Previous week was real savior of Waves structure through sustaining above 5629.95 and turning all trends up through sustaining above both Long Term Trend decider 200 Day EMA and DMA as well as Impulsive Wave 5 continuation confirmations after completion of Wave 4 correction. 

Wave 5 formation means rally towards next target above the top of rally((6111.80) and also the possibility new all time high formation above 6357.10. Minor very Short Term corrections can not be ruled out any day in next week because sentiment may turn heated but finally Wave 5 rally will remain continued. 

FII Trading Data in Derivatives Segment on 18-Apr-2013

FII & DII trading activity in Capital Market Segment on 18-Apr-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 18-Apr-2013 3633.75 2693.68 940.07

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 18-Apr-2013 953.71 1358.93 -405.22

Indian Stock Markets Closing Reports(18-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.20
Total Options Put Call Ratio: 1.13
Nifty P/E Ratio(18-Apr-2013): 17.32

Advances & Declines

BSE Advances : 1,321
BSE Declines : 1,052
NSE Advances :   803
NSE Declines :   521

Nifty Open Interest Changed Today

Nifty- 5600  CE(Apr)- -734,200(-20.16%)
Nifty- 5600  PE(Apr)-  864,400(8.47%)

Nifty- 5700  CE(Apr)- -3,909,650(-46.74%)
Nifty- 5700  PE(Apr)-  1,260,550(20.46%)

Nifty- 5800  CE(Apr)- 539,600(7.37%)
Nifty- 5800  PE(Apr)- 2,657,600(246.03%)

Nifty- 5900  CE(Apr)- -769,800(-9.74%)
Nifty- 5900  PE(Apr)- -58,450(-8.56%)

Closing 

Sensex- closed at 19,016.46(285.30 Points & 1.52%)
Nifty- closed at 5,783.10(94.40 Points & 1.66%)
CNX Midcap - closed at 7,624.10(82.65 Points & 1.10%)
CNX Smallcap- closed at 3,207.80(23.60 Points & 0.74%)

Nifty Spot-Levels & Trading Strategy for 22-04-2013

Nifty Spot-Levels

R3 5937
R2 5865
R1 5824
Avg 5752
S1 5711
S2 5639
S3 5598

Nifty Spot-Trading Strategy

H6  5898    Trgt 2
H5  5871    Trgt 1
H4  5845    Long breakout
H3  5814    Go Short
H2  5803
H1  5793
L1  5772
L2  5762
L3  5751    Long
L4  5720    Short Breakout
L5  5694    Trgt 1
L6  5667    Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 22-04-2013

Nifty(Apr Fut)-Levels

R3 5935
R2 5865
R1 5824
Avg 5754
S1 5713
S2 5643
S3 5602

Nifty(Apr Fut)-Trading Strategy

H6 5895     Trgt 2
H5 5869     Trgt 1
H4 5844     Long breakout
H3 5813     Go Short
H2 5803
H1 5793
L1 5772
L2 5762
L3 5752     Long
L4 5721     Short Breakout
L5 5696     Trgt 1
L6 5670     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 22-04-2013

Bank Nifty(Apr Fut)-Levels

R3 12831
R2 12563
R1 12414
Avg 12146
S1 11997
S2 11729
S3 11580

Bank Nifty(Apr Fut)-Trading Strategy

H6 12695     Trgt 2
H5 12594     Trgt 1
H4 12494     Long breakout
H3 12379     Go Short
H2 12341
H1 12303
L1 12226
L2 12188
L3 12150     Long
L4 12035     Short Breakout
L5 11935     Trgt 1
L6 11834     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Apr 22 to Apr 26,2013)

Nifty Spot-Weekly Levels

R3 6178
R2 5986
R1 5884
Avg 5692
S1 5590
S2 5398
S3 5296

Nifty Spot-Weekly Trading Strategy 

H6 6092     Trgt 2
H5 6018     Trgt 1
H4 5944     Long breakout
H3 5863     Go Short
H2 5836
H1 5809
L1 5756
L2 5729
L3 5702     Long
L4 5621     Short Breakout
L5 5547     Trgt 1
L6 5473     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Apr 22 to Apr 26,2013)

Bank Nifty Spot-Weekly Levels

R3 13600
R2 12956
R1 12622
Avg 11978
S1 11644
S2 11000
S3 10666

Bank Nifty Spot-Weekly Trading Strategy 

H6 13348     Trgt 2
H5 13087     Trgt 1
H4 12825     Long breakout
H3 12556     Go Short
H2 12467
H1 12377
L1 12198
L2 12108
L3 12019     Long
L4 11750     Short Breakout
L5 11488     Trgt 1
L6 11227     Trgt 2

Mid-session Outlook(18-04-2013)

As good selling at higher levels yesterday therefore Nifty took more than 3 hours for consolidation and now above yesterday's highs as well as given Wave-5 rally continuation confirmations after all trends turning up

Post-open Outlook(18-04-2013)

Indian markets are got support at lower levels today therefore valid break out of yesterday trading range(5669-5732) should be watched for next moves confirmations because both higher levels selling and lower levels buying seen today and yesterday.

Technical Analysis and Market Outlook(18-04-2013)

Nifty-Intra Day Chart (17-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1-Consolidations and supports between 5683-5710
2- Selling between 5720-5732
3- Follow up selling between 5706-5716
4- Bearish Head and Shoulders formations
5- Whole day actual trading between 5669-5732

Conclusions from intra day chart analysis

Firstly more than 2 hours consolidations and supports between 5683-5710 but after that without force up moves and selling at higher levels as well as Bearish Head and Shoulders formations therefore down moves will be seen tomorrow.

FII Trading Data in Derivatives Segment on 17-Apr-2013

FII & DII trading activity in Capital Market Segment on 17-Apr-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 17-Apr-2013 3714.78 3508.1 206.68

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Apr-2013 1043.55 1304.48 -260.93

Indian Stock Markets Closing Reports(17-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.20
Total Options Put Call Ratio: 1.13
Nifty P/E Ratio(17-Apr-2013):17.10

Advances & Declines

BSE Advances : 1,114
BSE Declines : 1,214
NSE Advances :   658
NSE Declines :   656

Nifty Open Interest Changed Today

Nifty- 5400  CE(Apr)- -128,000(-16.36%)
Nifty- 5400  PE(Apr)- -629,900(-8.72%)

Nifty- 5500  CE(Apr)- -551,200(-23.06%)
Nifty- 5500  PE(Apr)- -700,900(-8.10%)

Nifty- 5600  CE(Apr)- -1,903,500(-33.45%)
Nifty- 5600  PE(Apr)-  1,798,750(20.65%)

Nifty- 5700  CE(Apr)- 761,300(9.68%)
Nifty- 5700  PE(Apr)- 1,706,100(35.48%)

Nifty- 5800  CE(Apr)- 444,300(6.39%)
Nifty- 5800  PE(Apr)- 104,350(10.26%)

Closing 

Sensex- closed at 18,731.16(-13.77 Points & -0.07%)
Nifty- closed at 5,688.70(-0.25 Points & 0.00%)
CNX Midcap - closed at 7,541.45(16.95 Points & 0.23%)
CNX Smallcap- closed at 3,184.20(7.95 Points & 0.25%)

Nifty Spot-Levels & Trading Strategy for 18-04-2013

Nifty Spot-Levels

R3 5786
R2 5759
R1 5723
Avg 5696
S1 5660
S2 5633
S3 5597

Nifty Spot-Trading Strategy

H6 5751     Trgt 2
H5 5736     Trgt 1
H4 5722     Long breakout
H3 5705     Go Short
H2 5699
H1 5693
L1 5682
L2 5676
L3 5670     Long
L4 5653     Short Breakout
L5 5639     Trgt 1
L6 5624     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 18-04-2013

Nifty(Apr Fut)-Levels

R3 5796
R2 5764
R1 5729
Avg 5697
S1 5662
S2 5630
S3 5595

Nifty(Apr Fut)-Trading Strategy

H6  5761    Trgt 2
H5  5746    Trgt 1
H4  5730    Long breakout
H3  5712    Go Short
H2  5706
H1  5700
L1  5687
L2  5681
L3  5675    Long
L4  5657    Short Breakout
L5  5641    Trgt 1
L6  5626    Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 18-04-2013

Bank Nifty(Apr Fut)-Levels

R3 12324
R2 12205
R1 12090
Avg 11971
S1 11856
S2 11737
S3 11622

Bank Nifty(Apr Fut)-Trading Strategy

H6 12211     Trgt 2
H5 12157     Trgt 1
H4 12103     Long breakout
H3 12039     Go Short
H2 12017
H1 11996
L1 11953
L2 11932
L3 11910     Long
L4 11846     Short Breakout
L5 11792     Trgt 1
L6 11738     Trgt 2

Mid-session Outlook(17-04-2013)

Firstly more than 2 hours consolidations and supports between 5683-5710 but after that without force up moves therefore higher levels selling also can not be ruled out. As terrorists attack in Bangalore therefore fast slipping from higher levels but complete confirmations are required because technical positions reverses after such news based markets. Following levels should be firstly watched now:-

1- Valid break out of today trading range(5670-5731) will be next trend confirmation
2- Sustaining beyond Long Term Trend decider 200 Day EMA(5664)
3- Next resistances are between 5740-5770 and fast rally will be seen above 5770.