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Mid-session Outlook(08-05-2013)

Following lives were told yesterday in Rally continuation

1- minor corrections will be considered at this moment 
2- Next strong resistances are between 6050-6105 and market requires complete follow up consolidations for crossing and sustaining above it

Firstly Nifty traded almost 2 hours within mentioned resistance range and slipped below it as well but intraday patterns are not showing selling patterns and suggesting consolidations patterns formations. As market requires complete follow up consolidations for crossing and sustaining above mentioned resistance range therefore Nifty will hover around this range(6050-6105) in the coming sessions and prepare for next up moves above 6111 after completion of minor corrections.
Rally continuation

Nifty-Intra Day Chart (07-May-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- First 3 hours lower levels consolidation between 5995-6005.
2- Bullish Flag formations.
3- Whole day actual trading between 5995-6050

Conclusions from intra day chart analysis 

Sentiment is heated and indicators are over bought therefore intraday corrections can not be ruled out. As Many times Bullish markets completes correction in range bound mode or after higher levels consolidations also therefore only such type of minor corrections will be considered at this moment because no selling seen today and complete selling patterns are required for decisive down moves or deeper correction.

Although negative news flow form Parliament today but Indian markets showed whole day up moves after first 3 hours lower levels consolidations and Bullish Flag formations in the Mid session therefore rally continuation is expected in the coming sessions.

Next strong resistances are between 6050-6105 and market requires complete follow up consolidations for crossing and sustaining above it therefore slow up moves within this range and coming 1/2 sessions trading within it is possible. As no harm to on going rally yet therefore up moves will be seen within and above mentioned resistances  range(6050-6105).

FII Trading Data in Derivatives Segment on 07-May-2013


FII & DII trading activity in Capital Market Segment on 07-May-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII 07-May-2013 3021.822366.61655.21

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII 07-May-2013 744.181473.35-729.17

Indian Stock Markets Closing Reports(07-May-2013)

Main features of today trading are as follows
Ratios

Index Options Put Call Ratio: 1.07
Total Options Put Call Ratio: 1.02
Nifty P/E Ratio(07-May-2013): 17.98

Advances & Declines

BSE Advances : 1,354
BSE Declines : 1,063
NSE Advances :   843
NSE Declines :   586

Nifty Open Interest Changed Today

Nifty- 5800  CE(May)- -181,550(-7.30%)
Nifty- 5800  PE(May)- 908,400(11.93%)

Nifty- 5900  CE(May)- -482,750(-9.45%)
Nifty- 5900  PE(May)-  1,116,150(20.94%)

Nifty- 6000  CE(May)- -518,000(-9.40%)
Nifty- 6000  PE(May)-  2,183,150(83.83%)

Nifty- 6100  CE(May)- -297,650(-5.58%)
Nifty- 6100  PE(May)-  337,450(40.31%)

Nifty- 6200  CE(May)-  1,745,150(45.10%)
Nifty- 6200  PE(May)- -14,350(-1.91%)

Closing 

Sensex- closed at 19,888.95(215.31 Points & 1.09%)
Nifty- closed at 6,043.55(72.50 Points & 1.21 %)
CNX Midcap - closed at 8,039.65(70.75 Points & 0.89%)
CNX Smallcap- closed at 3,315.15(28.10 Points & 0.85%)

Nifty Spot-Levels & Trading Strategy for 08-05-2013

Nifty Spot-Levels

R3 6136
R2 6093
R1 6068
Avg 6025
S1 6000
S2 5957
S3 5932

Nifty Spot-Trading Strategy

H6  6111    Trgt 2
H5  6096    Trgt 1
H4  6080    Long breakout
H3  6061    Go Short
H2  6055
H1  6049
L1  6036
L2  6030
L3  6024    Long
L4  6005    Short Breakout
L5  5989    Trgt 1
L6  5974    Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 08-05-2013


Nifty(May Fut)-Levels

R3 6148
R2 6102
R1 6076
Avg 6030
S1 6004
S2 5958
S3 5932

Nifty(May Fut)-Trading Strategy

H6 6122     Trgt 2
H5 6106     Trgt 1
H4 6089     Long breakout
H3 6069     Go Short
H2 6063
H1 6056
L1 6043
L2 6036
L3 6030     Long
L4 6010     Short Breakout
L5 5993     Trgt 1
L6 5977     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 08-05-2013

Bank Nifty(May Fut)-Levels

R3 12919
R2 12768
R1 12682
Avg 12531
S1 12445
S2 12294
S3 12208

Bank Nifty(May Fut)-Trading Strategy

H6 12837     Trgt 2
H5 12781     Trgt 1
H4 12726     Long breakout
H3 12661     Go Short
H2 12639
H1 12617
L1 12574
L2 12552
L3 12530     Long
L4 12465     Short Breakout
L5 12410     Trgt 1
L6 12354     Trgt 2

Mid-session Outlook-2 (07-05-2013)

Neither Global cues are Bullish today nor News flow is positive today but Indian markets are more than 1.20% up therefore will be understood most strong. Nifty has cleared most of the resistances and now trading a little below the highest of on going rally after completing Short Term correction in narrow range moves.

As no sign of weakness yet therefore rally continuation is expected.
As busy in a marriage therefore only Mid-session Outlooks will be updated today and remaining all other features will be posted after 9:00 PM today.

Pre-Closing Outlook(06-05-2013)

Following line was told today in Technical Analysis,Research & Weekly Outlook (May 06 to May 10,2013)

Expected that Nifty will firstly hover around previous 2 Sessions actual trading range(5927-6017) and will prepare for next trend

As was told 100% same happened and today whole day trading was seen between 5,928.45-5,976.50 but intraday patterns are not showing any clear pattern formation because lower levels supports with some higher levels selling indications also seen. 

It will be better to wait for one sided intraday patterns formations and valid break out of 5927-6017 should also be watched in the coming sessions for next moves confirmations. We tells only those words which are confirm and never try to guess therefore when Indian markets closed near the top of the day on 02-05-2013 then we told these lines on 02-05-2013 in Short Term Correction on Cards:-

Short Term Correction will be seen tomorrow despite whatsoever rates cuts by RBI.
Technical Analysis,Research & Weekly Outlook
(May 06 to May 10,2013)

Nifty-EOD Chart (03-May-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 3(6111.80 on 29-01-2013) 
5- Wave 4(5477.20 on 10-04-2013) 
6- Wave 5 continuation with top formation at 6019.45 on 02-May-2013.

Conclusions from EOD chart analysis 

All trends are up after 542 points strong rally in 14 sessions but Short Term correction is due also because indicators are overbought.

Nifty-Intra Day Chart (May 02 and May 3,2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts

1- Good Selling between 5993-6017 on 02-05-2013
2- Selling between 5990-5999 on 03-05-2013
3- Minor Supports at lower levels between 5933-5957 on 03-05-2013
4- 2 Sessions actual trading between 5927-6017 

Conclusions from 2 Sessions intra day chart analysis 

Good selling at higher levels in both previous sessions and minor supports can not be ruled out at lower levels on 03-05-2013 because markets did not showed as such down moves after most disappointing RBI Credit policy as were required. As higher levels selling with lower levels supports also in last 2 sessions therefore mixed formations in both previous sessions.

Conclusions (After Putting All Studies Together)

Short Term correction is due and its first indication after good higher levels Selling on 02-05-2013. As minor Supports also seen at lower levels on 03-05-2013 therefore valid break out of last 2 Sessions actual trading between range(5927-6017) will be next decisive moves confirmation.

Expected that Nifty will firstly hover around previous 2 Sessions actual trading range(5927-6017) and will prepare for next trend after 14 sessions strong rally. As Bull markets does not correct deep and completes its correction between range bound moves therefore deeper correction will not be considered at this moment because only one day(02-05-2013) good selling.

Correction continuation and its length will be decided according to follow up moves in the coming couple of sessions. If follow up selling develops then following retracement levels will be firstly watched for correction completion:-

38.2%- 5811
50.0%- 5748
61.8%- 5684

Impulsive Wave 5 continuation after and now its corrective Sub Wave ii is being considered after good selling on 02-05-2013 and beginning of down moves on 03-05-2013. Expected that  Wave 5 will remain continued after on going correction completion and follow up consolidations. Let it happen then impulsive Sub Wave iii of Wave 5 will begin to form new highs above 6111 and its confirmation will be after sustaining above 6019.   

FII Trading Data in Derivatives Segment on 03-May-2013


FII & DII trading activity in Capital Market Segment on 03-May-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII03-May-2013 2903.751949.8953.95

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII03-May-2013 886.121678.9-792.78

Indian Stock Markets Closing Reports(06-May-2013)

Main features of today trading are as follows
Ratios

Index Options Put Call Ratio: 1.07
Total Options Put Call Ratio: 1.02
Nifty P/E Ratio(06-May-2013): 17.75

Advances & Declines

BSE Advances : 1,030
BSE Declines : 1,336
NSE Advances :   511
NSE Declines :   807

Nifty Open Interest Changed Today

Nifty- 5700  CE(May)- -46,250(-2.44%)
Nifty- 5700  PE(May)-  554,350(8.06%)

Nifty- 5800  CE(May)- -130,050(-4.96%)
Nifty- 5800  PE(May)-  898,850(13.70%)

Nifty- 5900  CE(May)- -285,200(-5.22%)
Nifty- 5900  PE(May)- -257,150(-4.59%)

Nifty- 6000  CE(May)-  695,150(13.27%)
Nifty- 6000  PE(May)- -34,750(-1.40%)

Nifty- 6100  CE(May)- 497,950(9.79%)
Nifty- 6100  PE(May)- 201,150(33.39%)

Closing 

Sensex- closed at 19,575.64(-160.13 Points & -0.81%)
Nifty- closed at 5,944.00(-55.35 Points & -0.92%)
CNX Midcap - closed at 7,897.10(-16.00 Points & -0.20%)
CNX Smallcap- closed at 3,237.65(-18.30 Points & -0.56%)

Nifty Spot-Levels & Trading Strategy for 06-05-2013

Nifty Spot-Levels

R3 6056
R2 6028
R1 5986
Avg 5958
S1 5916
S2 5888
S3 5846

Nifty Spot-Trading Strategy

H6 6014     Trgt 2
H5 5998     Trgt 1
H4 5982     Long breakout
H3 5963     Go Short
H2 5956
H1 5950
L1 5937
L2 5931
L3 5924     Long
L4 5905     Short Breakout
L5 5889     Trgt 1
L6 5873     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 06-05-2013

Nifty(May Fut)-Levels

R3 6059
R2 6032
R1 5990
Avg 5963
S1 5921
S2 5894
S3 5852

Nifty(May Fut)-Trading Strategy

H6 6017     Trgt 2
H5 6001     Trgt 1
H4 5985     Long breakout
H3 5966     Go Short
H2 5960
H1 5954
L1 5941
L2 5935
L3 5929     Long
L4 5910     Short Breakout
L5 5894     Trgt 1
L6 5878     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 06-05-2013

Bank Nifty(May Fut)-Levels

R3 12893
R2 12771
R1 12554
Avg 12432
S1 12215
S2 12093
S3 11876

Bank Nifty(May Fut)-Trading Strategy

H6 12676     Trgt 2
H5 12600     Trgt 1
H4 12523     Long breakout
H3 12430     Go Short
H2 12399
H1 12368
L1 12305
L2 12274
L3 12243     Long
L4 12150     Short Breakout
L5 12073     Trgt 1
L6 11997     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(May 06 to May 10,2013)

Nifty Spot-Weekly Levels

R3 6170
R2 6094
R1 6019
Avg 5943
S1 5868
S2 5792
S3 5717

Nifty Spot-Weekly Trading Strategy 

H6 6096     Trgt 2
H5 6062     Trgt 1
H4 6027     Long breakout
H3 5985     Go Short
H2 5971
H1 5957
L1 5930
L2 5916
L3 5902     Long
L4 5860     Short Breakout
L5 5826     Trgt 1
L6 5791     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(May 06 to May 10,2013)

Bank Nifty Spot-Weekly Levels

R3 13081
R2 12932
R1 12662
Avg 12513
S1 12243
S2 12094
S3 11824

Bank Nifty Spot-Weekly Trading Strategy 

H6 12812     Trgt 2
H5 12718     Trgt 1
H4 12623     Long breakout
H3 12508     Go Short
H2 12469
H1 12431
L1 12354
L2 12316
L3 12277     Long
L4 12162     Short Breakout
L5 12067     Trgt 1
L6 11973     Trgt 2
Blog will be updated before 11 am today.