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Nifty Spot-Levels & Trading Strategy for 15-05-2013
Nifty Spot-Levels
R3 6080
R2 6053
R1 6024
Avg 5997
S1 5968
S2 5941
S3 5912
Nifty Spot-Trading Strategy
H6 6051 Trgt 2
H5 6038 Trgt 1
H4 6025 Long breakout
H3 6010 Go Short
H2 6005
H1 6000
L1 5989
L2 5984
L3 5979 Long
L4 5964 Short Breakout
L5 5951 Trgt 1
L6 5938 Trgt 2
R3 6080
R2 6053
R1 6024
Avg 5997
S1 5968
S2 5941
S3 5912
Nifty Spot-Trading Strategy
H6 6051 Trgt 2
H5 6038 Trgt 1
H4 6025 Long breakout
H3 6010 Go Short
H2 6005
H1 6000
L1 5989
L2 5984
L3 5979 Long
L4 5964 Short Breakout
L5 5951 Trgt 1
L6 5938 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 15-05-2013
Nifty(May Fut)-Levels
R3 6095
R2 6067
R1 6036
Avg 6008
S1 5977
S2 5949
S3 5918
Nifty(May Fut)-Trading Strategy
H6 6065 Trgt 2
H5 6051 Trgt 1
H4 6038 Long breakout
H3 6022 Go Short
H2 6016
H1 6011
L1 6000
L2 5995
L3 5989 Long
L4 5973 Short Breakout
L5 5960 Trgt 1
L6 5946 Trgt 2
R3 6095
R2 6067
R1 6036
Avg 6008
S1 5977
S2 5949
S3 5918
Nifty(May Fut)-Trading Strategy
H6 6065 Trgt 2
H5 6051 Trgt 1
H4 6038 Long breakout
H3 6022 Go Short
H2 6016
H1 6011
L1 6000
L2 5995
L3 5989 Long
L4 5973 Short Breakout
L5 5960 Trgt 1
L6 5946 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 15-05-2013
Bank Nifty(May Fut)-Levels
R3 12855
R2 12765
R1 12648
Avg 12558
S1 12441
S2 12351
S3 12234
Bank Nifty(May Fut)-Trading Strategy
H6 12739 Trgt 2
H5 12691 Trgt 1
H4 12644 Long breakout
H3 12587 Go Short
H2 12568
H1 12549
L1 12512
L2 12493
L3 12474 Long
L4 12417 Short Breakout
L5 12370 Trgt 1
L6 12322 Trgt 2
R3 12855
R2 12765
R1 12648
Avg 12558
S1 12441
S2 12351
S3 12234
Bank Nifty(May Fut)-Trading Strategy
H6 12739 Trgt 2
H5 12691 Trgt 1
H4 12644 Long breakout
H3 12587 Go Short
H2 12568
H1 12549
L1 12512
L2 12493
L3 12474 Long
L4 12417 Short Breakout
L5 12370 Trgt 1
L6 12322 Trgt 2
Mid-session Outlook-2 (14-05-2013)
As intraday selling patterns formation today therefore correction continuation is expected in the coming sessions.
Post-open Outlook(14-05-2013)
As reduced WPI inflation is expected today and sentiment is depressed after yesterday fall therefore some recovery from lower levels today for the improvement of market mood and some more up moves also can not be ruled out. As strong resistances are between 6055-6095 therefore next sustained up moves above 6095 will be seen only after complete consolidations,let it happen then rally will be considered otherwise correction is continued and more down moves in the coming sessions can not be ruled out after facing resistances at higher levels.
Live Proofs of our 100% Accurate Predictions
Following lines were told at 06:51 AM on 11-05-2013 which proved 100% Accurate in both previous Bullish and Bearish sessions:-
Green zone trading will be seen in today short special session and new top above 6111.80 is also possible but it should be kept in mind that Short Term Correction is very much due and may begin any day.
Our above prediction proved 100% accurate in following manner:-
1- On 11-05-2013:- "Nifty closed 12 points up with new top formations at 6114.55"
2- On 13-05-2013:- "Nifty closed 126 points down"
Just click following topic link and verify above fact on yours own:-
Corrective Wave-A of impulsive Wave-5 confirmation yesterday
Technical Analysis and Market Outlook(14-05-2013)
Nifty-Intra Day Chart (May 07 to May 13,2013):-
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| Just click on chart for its enlarged view |
1- Good selling in previous week.
2- 6 sessions lowest formation in a single day down moves on 13-05-2013.
Conclusions from 6 Sessions intra day chart analysis
Although 6 sessions lowest formation in a single day down moves on 13-05-2013 but intraday showed selling formations in previous week therefore we clearly told for following lines for correction in previous sessions:-
1- On 10-05-2013 in Correcion on cards:-"Short Term correction is very much possible"
2- On 11-05-2013 in Technical Analysis and Market Outlook(11-05-2013):-
i- "correction is very much due because selling patterns seen in previous sessions also"
ii- "emergence of selling patterns in intraday charts therefore correction is very much due now"
iii- " it should be kept in mind that Short Term Correction is very much due and may begin any day"
As was clearly told for correction again and again same happened yesterday,Nifty closed below the lowest of previous 5 sessions and formed almost 'Engulfing Bearish Candle' which is confirmation of Short Term correction. As correction was due after previous 5 sessions selling therefore seen yesterday and such complete consolidation is also required for next upward wave above 6114.
Long and Intermediate Term Trends are up and Short Term Trend turned down as well as confirmation of Corrective Wave-A of impulsive Wave-5 yesterday. Now 'ABC' correction is on and following Fibonacci Retracement Levels levels should be watched for correction completion confirmations:-
27.0%- 5942
38.2%- 5870
50.0%- 5795
61.8%- 5720
70.7%- 5663
76.4%- 5627
Correction confirmation and it will take its own time. Let down moves stop and consolidation begin as well as correction complete then will be updated in the same manner as being done in for the last 3 years.
FII & DII trading activity in Capital Market Segment on 13-May-2013
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Indian Stock Markets Closing Reports(13-May-2013)
Main features of today trading are as follows
Ratios
Index Options Put Call Ratio: 1.05
Total Options Put Call Ratio: 1.01
Nifty P/E Ratio(13-May-2013): 17.74
Advances & Declines
BSE Advances : 809
BSE Declines : 1,540
NSE Advances : 383
NSE Declines : 1,033
Nifty Open Interest Changed Today
Nifty- 5800 CE(May)- 31,100(1.47%)
Nifty- 5800 PE(May)- -477,600(-5.29%)
Nifty- 5900 CE(May)- 12,750(0.42%)
Nifty- 5900 PE(May)- -614,750(-8.53%)
Nifty- 6000 CE(May)- 1,383,500(30.15%)
Nifty- 6000 PE(May)- -475,550(-7.44%)
Nifty- 6100 CE(May)- 553,100(10.09%)
Nifty- 6100 PE(May)- -472,900(-14.33%)
Nifty- 6200 CE(May)- -164,450(-2.05%)
Nifty- 6200 PE(May)- -135,400(-13.34%)
Closing
Sensex- closed at 19,691.67(-430.65 Points & -2.14%)
Nifty- closed at 5,980.45(-126.80 Points & -2.08%)
CNX Midcap - closed at 7,884.95(-145.95 Points & -1.82%)
CNX Smallcap- closed at 3,306.80(-51.80 Points & -1.54%)
Nifty Spot-Levels & Trading Strategy for 14-05-2013
Nifty Spot-Levels
R3 6197
R2 6150
R1 6065
Avg 6018
S1 5933
S2 5886
S3 5801
Nifty Spot-Trading Strategy
H6 6112 Trgt 2
H5 6082 Trgt 1
H4 6052 Long breakout
H3 6016 Go Short
H2 6004
H1 5992
L1 5967
L2 5955
L3 5943 Long
L4 5907 Short Breakout
L5 5877 Trgt 1
L6 5847 Trgt 2
R3 6197
R2 6150
R1 6065
Avg 6018
S1 5933
S2 5886
S3 5801
Nifty Spot-Trading Strategy
H6 6112 Trgt 2
H5 6082 Trgt 1
H4 6052 Long breakout
H3 6016 Go Short
H2 6004
H1 5992
L1 5967
L2 5955
L3 5943 Long
L4 5907 Short Breakout
L5 5877 Trgt 1
L6 5847 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 14-05-2013
Nifty(May Fut)-Levels
R3 6213
R2 6166
R1 6080
Avg 6033
S1 5947
S2 5900
S3 5814
Nifty(May Fut)-Trading Strategy
H6 6127 Trgt 2
H5 6097 Trgt 1
H4 6067 Long breakout
H3 6030 Go Short
H2 6018
H1 6006
L1 5981
L2 5969
L3 5957 Long
L4 5920 Short Breakout
L5 5890 Trgt 1
L6 5860 Trgt 2
R3 6213
R2 6166
R1 6080
Avg 6033
S1 5947
S2 5900
S3 5814
Nifty(May Fut)-Trading Strategy
H6 6127 Trgt 2
H5 6097 Trgt 1
H4 6067 Long breakout
H3 6030 Go Short
H2 6018
H1 6006
L1 5981
L2 5969
L3 5957 Long
L4 5920 Short Breakout
L5 5890 Trgt 1
L6 5860 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 14-05-2013
Bank Nifty(May Fut)-Levels
R3 13076
R2 12955
R1 12743
Avg 12622
S1 12410
S2 12289
S3 12077
Bank Nifty(May Fut)-Trading Strategy
H6 12864 Trgt 2
H5 12789 Trgt 1
H4 12714 Long breakout
H3 12622 Go Short
H2 12592
H1 12561
L1 12500
L2 12469
L3 12439 Long
L4 12347 Short Breakout
L5 12272 Trgt 1
L6 12197 Trgt 2
R3 13076
R2 12955
R1 12743
Avg 12622
S1 12410
S2 12289
S3 12077
Bank Nifty(May Fut)-Trading Strategy
H6 12864 Trgt 2
H5 12789 Trgt 1
H4 12714 Long breakout
H3 12622 Go Short
H2 12592
H1 12561
L1 12500
L2 12469
L3 12439 Long
L4 12347 Short Breakout
L5 12272 Trgt 1
L6 12197 Trgt 2
Mid-session Outlook(13-05-2013)
As sufficient reduction in CPI inflation(MoM) as well as lower levels intraday supports today therefore some up moves after weak opening. All trends are up but Short Term Correction is also very much due because indicators are showing negative divergence in overbought zone. Although rally top formation on 11-05-2013 but intraday selling patterns formations were also seen in previous week therefore minor correction is being seen today.
Trading is expected between 6025-6114 with minimum sideways correction possibility.
Live Proofs of our 100% Accurate Predictions of next target above 6111.80
Although new top formations at 6114.55 today but we predicted well before its happening on:-
1- 21-04-2013
2- 31-03-2013
3- Today at 06:51 AM
Just click following links and verify this fact on yours own:
Following topic was posted on 21-04-2013:-
Wave 5 confirmations for new top of rally above 6111.80
Following topic was posted on 31-03-2013:-
Wave 5 formation towards next target above 6111.80
Following line was told today at 06:51:00 AM in Technical Analysis and Market Outlook(11-05-2013):-
Green zone trading will be seen in today short special session and new top above 6111.80 is also possible
Technical Analysis and Market Outlook(11-05-2013)
Nifty-Intra Day Chart (10-May-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6060-6075
2- Selling between 6047-6057
3- Mixed Patterns between 6079-6105
4- Whole day actual trading between 6047-6105
Although good selling at lower levels but Indian markets moved up because European markets moved up sharply after sudden sharp rise in US Futures as well as positive news of IIP numbers improvement. Closing near the top of the day after almost last 3 hours trading at intraday higher levels with mixed Pattern formations.
As sentiment is strong after more than 600 points rally in 20 sessions therefore closing near higher levels despite lower levels selling yesterday but sustaining with fresh consolidation at higher levels is must for next decisive rally continuation otherwise correction is very much due because selling patterns seen in previous sessions also.
All trends are up but indicators have started to show negative divergence in Overbought zone as well as emergence of selling patterns in intraday charts therefore correction is very much due now. As markets moves rolling on slowly in last legs of rally therefore without force up moves are being seen in previous sessions.
As sentiment is good today after US and European markets positive closing yesterday therefore Green zone trading will be seen in today short special session and new top above 6111.80 is also possible but it should be kept in mind that Short Term Correction is very much due and may begin any day.
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| Just click on chart for its enlarged view |
1- Selling between 6060-6075
2- Selling between 6047-6057
3- Mixed Patterns between 6079-6105
4- Whole day actual trading between 6047-6105
Conclusions from intra day chart analysis
Although good selling at lower levels but Indian markets moved up because European markets moved up sharply after sudden sharp rise in US Futures as well as positive news of IIP numbers improvement. Closing near the top of the day after almost last 3 hours trading at intraday higher levels with mixed Pattern formations.
As sentiment is strong after more than 600 points rally in 20 sessions therefore closing near higher levels despite lower levels selling yesterday but sustaining with fresh consolidation at higher levels is must for next decisive rally continuation otherwise correction is very much due because selling patterns seen in previous sessions also.
All trends are up but indicators have started to show negative divergence in Overbought zone as well as emergence of selling patterns in intraday charts therefore correction is very much due now. As markets moves rolling on slowly in last legs of rally therefore without force up moves are being seen in previous sessions.
As sentiment is good today after US and European markets positive closing yesterday therefore Green zone trading will be seen in today short special session and new top above 6111.80 is also possible but it should be kept in mind that Short Term Correction is very much due and may begin any day.
FII & DII trading activity in Capital Market Segment on 10-May-2013
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Indian Stock Markets Closing Reports(10-May-2013)
Main features of today trading are as follows
Ratios
Index Options Put Call Ratio: 1.01
Total Options Put Call Ratio: 0.97
Nifty P/E Ratio(10-May-2013): 18.07
Advances & Declines
BSE Advances : 1,199
BSE Declines : 1,233
NSE Advances : 700
NSE Declines : 712
Nifty Open Interest Changed Today
Nifty- 5800 CE(May)- -33,050(-1.53%)
Nifty- 5800 PE(May)- -135,850(-1.49%)
Nifty- 5900 CE(May)- -519,600(-14.58%)
Nifty- 5900 PE(May)- 218,500(3.08%)
Nifty- 6000 CE(May)- -308,650(-6.12%)
Nifty- 6000 PE(May)- 335,000(5.62%)
Nifty- 6100 CE(May)- 222,550(4.20%)
Nifty- 6100 PE(May)- 1,108,250(56.63%)
Nifty- 6200 CE(May)- 1,171,400(17.10%)
Nifty- 6200 PE(May)- 183,600(25.31%)
Closing
Sensex- closed at 20,082.62(143.58 Points & 0.72%)
Nifty- closed at 6,094.75(44.60 Points & 0.74%)
CNX Midcap - closed at 8,009.45(25.65 Points & 0.32%)
CNX Smallcap- closed at 3,070.15(21.15 Points & 0.69%)
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