Negative News flow drag down market today.

As good intraday consolidation yesterday and 3 sessions closing above most crucial level(5965) therefore up moves were predicted and Indian markets bounced also as well as traded most time in positive zone today but sentiment dampened today due to following news:-

1- Heavy Firing on LOC,tension escalation with Pakistan.
2- India takes tough stand on cease fire violation.
3- Pakistan Govt. summoned Indian High Commissioner.
4- Pakistan stopped Indian Trucks and Bus.
5- News of Rajputana Rifles Jawans stopping to take food.
6- Demonstrations all over India against Indian soldiers killing by Pakistan Army.
7- Petroleum minister statement for Diesel and LPG Hike as quickly as possible.

As so much negative news flow today therefore Indian markets could not sustain at higher levels and slipped as well as closed below 5965.

Detailed analysis will be posted after one or two days because now out of station due to sudden emergency  therefore could not update during trading hours also today

NIFTY Jan F&O- Buying of 10-01-2013-Covering

NIFTY Jan F&O( Bought on 10-01-2013)-Cover immediately-CMP-5986(Heavy Firing on LOC therefore covering today and not to carry over)

NIFTY Jan F&O- Buying of 10-01-2013-Message

NIFTY(Jan Fut and 6000 CE-Positional Bought on 10-01-2013)-SL-5944 & TGT-6104(Jan Fut-Rates are given for all trading)

Rally above 5965 & 6026 after Bullish patterns formations

Nifty-Intra Day Chart (Jan 08 to Jan 10,2013):-

Just click on chart for its enlarged view

Conclusions from 3 Sessions intra day chart analysis 

Long and Intermediate term trends are up and Short term trend is sideways for the last 7 sessions between 5948-6026. Nifty slipped below most Crucial and next up trend saviour 5965 in previous 3 sessions but recovered closed also above it in all 3 sessions. 

Trading positions around 5965 in next 3 sessions are as follows:-

1- 08-01-2013- Lowest was and 5964.40 closed at 6001.70
2- 09-01-2013- Lowest was and 5958.45 closed at 5971.50
3- 10-01-2013- Lowest was and 5947.30 closed at 5968.65

Importance of 5965 has already been updated on 07-01-2013 in "5965 is most Crucial for Bulls on 08-01-2013" and following line was specially told:-

"Sub Wave-3 should not dip or minimum close below the top of Sub Wave-1(5965)" 

As closing above 5965 in all 3 sessions therefore technically on going rally(impulsive Sub Wave-3) is safe.

Nifty-Intra Day Chart (10-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Most of the time trading between Bullish Falling Channel. 
2- 3 Smaller Bullish Falling Channels formation within broader Bullish Falling Channel.  
3- Whole day actual trading between 5947-5997 

Conclusions from intra day chart analysis 

Whole day down moves but with Bullish pattern formations therefore finally rally above  5965 & 6026 will be seen in the coming sessions despite whatsoever INFY 3rd Quarter financial results and IIP numbers tomorrow.

FII Trading Data in Derivatives Segment on 10-Jan-2013

"

FII & DII trading activity in Capital Market Segment on 10-Jan-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 10-Jan-2013 3803.35 3553.85 249.5

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Jan-2013 1340.33 1773.47 -433.14

Indian Stock Markets Closing Reports(10-Jan-2013)

Main features of today trading are as follows

1- Benchmark Indices closed flat in volatile market.

2- Most Indices closed flat with minor gains or loss.

3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.98

Total Options Put Call Ratio: 0.94

Nifty P/E Ratio(10-Jan-2013): 18.78

Advances & Declines

BSE Advances : 1,163 

BSE Declines : 1,831 

NSE Advances :   575 

NSE Declines : 1,146  

Nifty Open Interest Changed Today

Nifty- 5800 CE(Jan)- 16,900(1.68 %)

Nifty- 5800 PE(Jan)- 550,950(7.70%)

Nifty- 5900 CE(Jan)- -58,600(-2.75%)

Nifty- 5900 PE(Jan)-  228,950(3.48%)

Nifty- 6000 CE(Jan)- 321,800(6.84%)

Nifty- 6000 PE(Jan)- -51,350(-1.14%)

Nifty- 6100 CE(Jan)- 51,950(0.81%)

Nifty- 6100 PE(Jan)- 226,950(13.06%)

Closing 

Sensex- closed at 19,663.55(-3.04 Points & -0.02%)

Nifty- closed at   5,968.65(-2.85 Points & -0.05%)

CNX Midcap - closed at 8,699.55(-42.50 Points & -0.49%)

CNX Smallcap- closed at 3,858.45(-3.70 Points & -0.10%)

Nifty Spot-Levels & Trading Strategy for 11-01-2013

Nifty Spot-Levels

R3 6057

R2 6031

R1 5999

Avg 5973

S1 5941

S2 5915

S3 5883

Nifty Spot-Trading Strategy

H6 6026     Trgt 2 

H5 6013     Trgt 1

H4 5999     Long breakout 

H3 5983     Go Short 

H2 5978

H1 5973

L1 5962

L2 5957

L3 5952     Long 

L4 5936     Short Breakout 

L5 5922     Trgt 1 

L6 5909     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 11-01-2013

Nifty(Jan Fut)-Levels

R3 6081

R2 6057

R1 6030

Avg 6006

S1 5979

S2 5955

S3 5928

Nifty(Jan Fut)-Trading Strategy

H6 6054     Trgt 2 

H5 6042     Trgt 1

H4 6031     Long breakout 

H3 6017     Go Short 

H2 6012

H1 6007

L1 5998

L2 5993

L3 5988     Long 

L4 5974     Short Breakout 

L5 5963     Trgt 1 

L6 5951     Trgt 2

Bank Nifty(Jan Fut)-Levels &; Trading Strategy for 11-01-2013

Bank Nifty(Jan Fut)-Levels

R3 13026

R2 12957

R1 12912

Avg 12843

S1 12798

S2 12729

S3 12684

Bank Nifty(Jan Fut)-Trading Strategy

H6 12981     Trgt 2 

H5 12955     Trgt 1

H4 12929     Long breakout 

H3 12898     Go Short 

H2 12887

H1 12877

L1 12856

L2 12846

L3 12835     Long 

L4 12804     Short Breakout 

L5 12778     Trgt 1 

L6 12752     Trgt 2

NIFTY-Jan F&O-Buying Trade

NIFTY-Jan Fut-Buy at CMP and/or Jan Call Options(6000)-Buy at CMP-5993- SL and TGT will be given tomorrow 

Pre-Closing Outlook-3(10-01-2013)

As per our views negative news of Diesel and LPG price hike was falsely created by Business News Channel for the formation of fear psychology and selling by small traders as well as buying of Big Operators therefore we were not Bearish and when Indian markets were near the lowest of the day then we told following line in Pre-Closing Outlook(10-01-2013):-

Finally sustaining beyond 5965 will be firstly watched for next trend confirmation despite today lowest at 5,947.30.

3 Bullish Falling Channel formation today and until Nifty will not sustain below 5965 till then our view will not be Bearish despite as per Elliot Wave Theory Nifty should not close below 5965 for the continuation of on going rally(impulsive Wave). 

Pre-Closing Outlook-2(10-01-2013)

Although last more than 1 hour trading below 5965 but today intraday charts are showing 3 Bullish Falling Channel formation therefore view is not Bearish yet.

Pre-Closing Outlook(10-01-2013)

Following 2 mixed developments today:-

1 Although Business News Channel told continuously for Diesel and LPG price hike today but finally no discussion on Fuel price hike in Cabinet meeting today.
2- Higher levels selling but Bullish Falling Channel formation also in today intraday charts. 

As technical positions changes sharply in today like contradictory news led markets therefore Nifty again slipped below most crucial and next up trend deciding level(5965) today and closing it beyond today will be next trend confirmation also.

As last 3 sessions news led volatile markets and tomorrow INFY 3rd Quarter financial results as well as IIP numbers announcement also therefore high volatile markets. Finally sustaining beyond 5965 will be firstly watched for next trend confirmation despite today lowest at 5,947.30.

Fuel price hike news led Down Moves today

As Fuel price hike news on Business News Channels therefore sentiment weakened and Indian markets slipped after higher levels selling today. Intraday down moves of today are again negative news generated but Indian markets are showing Bullish Falling Channel formation also therefore rally continuation above 6026 hopes are very much alive.

As continuous 2 days market is negative news led and tomorrow INFY Quaterly financial results as well as IIP numbers announcement also therefore high volatility can not be ruled out and trading should be done with strict Stop Loss. Although expected that finally rally will be seen above 6026 after follow up consolidations but sustaining beyond 5965 should also be firstly watched for next trend confirmation.

Mid-session Outlook(10-01-2013)

Although strong opening today but selling development at intraday higher levels and under performance than Global markets also. Most crucial level for deciding next trend is 5965 and sustaining it beyond should be firstly watched now for next trend confirmation. 

Post-open Outlook-2(10-01-2013)

Again selling seen today and view is cautious,sustaining beyond 5965 should be firstly watched today for next trend confirmation. 

Post-open Outlook(10-01-2013)

Although sharp fall in last hour yesterday but we told following conclusive lines yesterday in Sideways market between 5965-6026 on 10-01-2013:-

1- today last hour fall was only negative news led panic bottom formation
2-  Until Nifty will not give 100% confirmation of sustaining below 5965 till then any down move will not be considered
3- rally continuation above 5965 will be expected.

Nifty is trading between strong resistance range(6000-6026) after positive opening but complete consolidation is required for decisive break out above 6026 and also expected that 

finally break out above 6026 will be seen within couple of sessions after follow up consolidations. 

Sideways market between 5965-6026 on 10-01-2013

Nifty-Intra Day Chart (Jan 02 to Jan 092013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 6 Sessions intraday charts

1- Buying between 5965-5995 in last 6 sesions.
2- Selling between 6000-6026 in last 6 sesions.
3- 6 Sessions actual trading between 5960-6026.

Conclusions from 6 Sessions intra day chart analysis 

Long and Intermediate term trends are up and Short term trend is sideways for the last 6 sessions between 5960-6026 with both higher levels selling and lower levels buying. Sharp fall in last hour today but before that Rising Wedge Bearish formation was seen and as soon as we got Bearish pattern formation confirmation then immediately cautioned in Mid-session Outlook-2(09-01-2013) and told following line:-

Rising Wedge Bearish formation in last 40 minutes therefore view turned cautious

Importance of 5965 has already been updated in following topic on 07-01-2013

5965 is most Crucial for Bulls on 08-01-2013

Nifty moved below 5965 in last 2 sessions and its today break down was negative news of Rail tariff rise generated and closing was above 5965 in both sessions also therefore no breaking down confirmation and sideways market continuation between 5960-6026.

As per our view today last hour fall was only negative news led panic bottom formation. Until Nifty will not give 100% confirmation of sustaining below 5965 till then any down move will not be considered and rally continuation above 5965 will be expected.

Sideways market and next moves preparation between 5965-6026 will be seen on 10-01-2013.

FII Trading Data in Derivatives Segment on 09-Jan-2013

FII & DII trading activity in Capital Market Segment on 09-Jan-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 09-Jan-2013 3784.62 2935.67 848.95

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 09-Jan-2013 1111.15 1629.45 -518.3

Indian Stock Markets Closing Reports(09-Jan-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.

2- Negative news led sharp fall in last hour.

3- Long Black candle formation.

Ratios

Index Options Put Call Ratio: 0.90

Total Options Put Call Ratio: 0.85

Nifty P/E Ratio(09-Jan-2013): 18.78

Advances & Declines

BSE Advances : 1,386

BSE Declines : 1,589 

NSE Advances :   733

NSE Declines : 1,029 

Nifty Open Interest Changed Today

Nifty- 5800 CE(Jan)- -5,950(-0.59%)

Nifty- 5800 PE(Jan)-  59,400(0.84%)

Nifty- 5900 CE(Jan)- -40,650(-1.87%)

Nifty- 5900 PE(Jan)-  222,500(3.50%)

Nifty- 5000 CE(Jan)-  67,300 (1.45%)

Nifty- 5000 PE(Jan)- -362,300(-7.46%)

Nifty- 6100 CE(Jan)-  621,750(10.78%)

Nifty- 6100 PE(Jan)-  -84,400(-4.63%)

Closing 

Sensex- closed at 19,666.59(-75.93 Points & -0.38%)

Nifty- closed at 5,971.50(-30.20 Points & -0.50%)

CNX Midcap - closed at 8,742.05(-49.00 Points & -0.56%)

CNX Smallcap- closed at 3,862.15(-18.60 Points & -0.48%)

Nifty Spot-Levels & Trading Strategy for 10-01-2013

Nifty Spot-Levels

R3 6070

R2 6045

R1 6008

Avg 5983

S1 5946

S2 5921

S3 5884

Nifty Spot-Trading Strategy

H6 6033     Trgt 2 

H5 6019     Trgt 1

H4 6005     Long breakout 

H3 5988     Go Short 

H2 5982

H1 5976

L1 5965

L2 5959

L3 5953     Long 

L4 5936     Short Breakout 

L5 5922     Trgt 1 

L6 5908     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 10-01-2013

Nifty(Jan Fut)-Levels

R3 6104

R2 6076

R1 6037

Avg 6009

S1 5970

S2 5942

S3 5903

Nifty(Jan Fut)-Trading Strategy

H6  6065    Trgt 2 

H5  6050    Trgt 1

H4  6034    Long breakout 

H3  6016    Go Short 

H2  6010

H1  6004

L1  5991

L2  5985

L3  5979    Long 

L4  5961    Short Breakout 

L5  5945    Trgt 1 

L6  5930    Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 10-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12971

R2 12920

R1 12846

Avg 12795

S1 12721

S2 12670

S3 12596

Bank Nifty(Jan Fut)-Trading Strategy

H6 12897     Trgt 2 

H5 12869     Trgt 1

H4 12840     Long breakout 

H3 12806     Go Short 

H2 12794

H1 12783

L1 12760

L2 12749

L3 12737     Long 

L4 12703     Short Breakout 

L5 12674     Trgt 1 

L6 12646     Trgt 2

Pre-Closing Outlook-2(09-01-2013)

As per Business Channels that huge rise Rail tariff may be announced by Railway Minister today therefore sharp fall seen in Indian markets.

Rising Wedge Bearish formation was updated well in advance by us. Although Nifty slipped below 5965 but today down moves are negative news generated therefore sustaining below 5965 will be firstly watched tomorrow for down trend confirmation.

Pre-Closing Outlook(09-01-2013)

As soon as Rising Wedge Bearish formation was seen then it was immediately updated and Nifty slipped after that as well as formed new intraday lows. As 5 Sessions trading between 5965-6026 with mixed intraday patterns(Higher levels selling and lower levels) therefore following lines were told in almost all previous Outlooks and being repeated:-

Strong resistance formation between 6000-6026 therefore complete consolidation is required for decisive rally above 6026 and sustaining beyond 5965-6026 will be firstly watched now for next moves confirmations.

Mid-session Outlook-2(09-01-2013)

Although Nifty recovered from lower levels and traded again above 6000 also but development of Rising Wedge Bearish formation in last 40 minutes therefore view turned cautious and sustaining beyond 5965-6026 will be firstly watched now for next moves confirmations because mixed intraday patterns seen today.

Mid-session Outlook(09-01-2013)

Firstly emergence of consolidation indications and then minor up moves also seen but not sustaining at higher levels and loosing of all intraday gains as well as now trading near today intraday lower levels below 6000 but up moves continuation hopes above 6026 is still alive after follow up complete consolidations firstly between 5974-6000 and after that between 6000-6026.

Now next trend confirmation range is 5965-6026.

Post-open Outlook-2(09-01-2013)

As good selling and strong resistance formation between 6000-6026 in previous 4 sessions therefore complete consolidation is required for decisive rally above 6026. Nifty is trading within mentioned resistance range between 6006-6015 and preparing for next moves. As emergence of consolidation indications therefore hopes of rally above 6026 turned alive but valid break out of 6000-6026 should also be watched for next immediate moves confirmation.

Post-open Outlook(09-01-2013)

Although Nifty Jan Fut. is trading in Red today but intraday charts have not shown selling formations yet. Nifty is trading in Green but between resistance range(6000-6026) after positive opening and firstly sustaining beyond this range will be watched today for next immediate moves confirmation. 

Rally toward 6239.95 after support at 5965

Following Nifty-EOD Chart (04-Jan-2013) was updated on 05-01-2013 in Nifty Target at 8616.90 and it was shown that at present Sub Wave-5 of Wave-3 is continued,now its waves structure and next target will be understood:-

Nifty-EOD Chart (04-Jan-2013):-

Just click on chart for its enlarged view

Sub Wave-5 of Wave-3 in Nifty-EOD Chart (08-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Sub Wave-4 completion(5548.35 on 20-11-2012).
2- Sub Wave-5 of Wave-3 continuation.
3- Sub Wave-1 of Sub Wave-5(5965.15 on 11-12-2012)
4- Sub Wave-1 of Sub Wave-5 gained 416.80 points.
5- Sub Wave-2 of Sub Wave-5(5823.15 on 18-12-2012).
6- Sub Wave-3 of Sub Wave-5 is on.

Conclusions from EOD chart analysis 

As per   Elliot Wave theory Wave-3 of any degree should never be shorter than both Wave-1 and Sub Wave-5 of that degree. Sub Wave-1 gained 416.80 points and as per theory Sub Wave-3 will gain minimum 416.80 points which started from 5823.15 and its minimum target will be:-

5823.15+416.80=6239.95 

Nifty-Intra Day Chart (08-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5965-5974.
2- Bounce back after lower levels consolidations.
3- Whole day actual trading between 5965-6006.

Conclusions from intra day chart analysis 

When Nifty was trading near 5965 and all the Global market were in Red then we told following lines today at 12:25 PM in Mid-session Outlook(08-01-2013):-

we are expecting support getting and rally beginning after yesterday started correction completion near 5965.

Bounce back after consolidation between 5965-5974 was seen today and importance of 5965 was updated in following topic yesterday:-

5965 is most Crucial for Bulls on 08-01-2013

Technical positions of last 4 Sessions have already been updated in intraday chart of above mentioned topic and it is clear that good selling and resistance development between 6000-6026 in last 4 sessions and firstly requirement of complete consolidation in the coming sessions for decisive rally above 6026. 

Good support at 5965 today and expected that finally on going rally will remain continued toward above mentioned target of 6239.95.

FII Trading Data in Derivatives Segment on 08-Jan-2013

FII & DII trading activity in Capital Market Segment on 08-Jan-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 08-Jan-2013 3177.07 2289.69 887.38

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 08-Jan-2013 735.4 1763.52 -1028.12

Indian Stock Markets Closing Reports(08-Jan-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Green. 

2- Strong recovery after getting support at 5965.

3- White Candle formation.

Ratios

Index Options Put Call Ratio: 1.04

Total Options Put Call Ratio: 0.98

Nifty P/E Ratio(08-Jan-2013):18.84

Advances & Declines

BSE Advances : 1,433

BSE Declines : 1,505 

NSE Advances :   634 

NSE Declines :   811

Nifty Open Interest Changed Today

Nifty- 5800 CE(Jan)- 8,100(0.78%)

Nifty- 5800 PE(Jan)- 787,950(12.49%)

Nifty- 5900 CE(Jan)- -90,300(-3.94%)

Nifty- 5900 PE(Jan)-  250,650(4.04%)

Nifty- 6000 CE(Jan)- 65,900(1.42%)

Nifty- 6000 PE(Jan)- 479,800(10.77%)

Nifty- 6100 CE(Jan)- 381,000(6.89%)

Nifty- 6100 PE(Jan)- 111,850 (6.44%)

Closing 

Sensex- closed at 19,742.52(51.10 Points & 0.26%)

Nifty- closed at 6,001.70(13.30 Points & 0.22%)

CNX Midcap - closed at 8,791.05(23.00 Points & 0.26%)

CNX Smallcap- closed at 3,880.75(-7.95 Points & -0.20%)

Nifty Spot-Levels & Trading Strategy for 09-01-2013

Nifty Spot-Levels

R3 6060

R2 6033

R1 6017

Avg 5990

S1 5974

S2 5947

S3 5931

Nifty Spot-Trading Strategy

H6 6044     Trgt 2 

H5 6034     Trgt 1

H4 6024     Long breakout 

H3 6012     Go Short 

H2 6008

H1 6004

L1 5997

L2 5993

L3 5989     Long 

L4 5977     Short Breakout 

L5 5967     Trgt 1 

L6 5957     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 09-01-2013

Nifty(Jan Fut)-Levels

R3 6121

R2 6085

R1 6064

Avg 6028

S1 6007

S2 5971

S3 5950

Nifty(Jan Fut)-Trading Strategy

H6 6100     Trgt 2 

H5 6087     Trgt 1

H4 6074     Long breakout 

H3 6058     Go Short 

H2 6053

H1 6048

L1 6037

L2 6032

L3 6027     Long 

L4 6011     Short Breakout 

L5 5998     Trgt 1 

L6 5985     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 09-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12988

R2 12913

R1 12868

Avg 12793

S1 12748

S2 12673

S3 12628

Bank Nifty(Jan Fut)-Trading Strategy

H6 12945     Trgt 2 

H5 12917     Trgt 1

H4 12890     Long breakout 

H3 12857     Go Short 

H2 12846

H1 12835

L1 12813

L2 12802

L3 12791     Long 

L4 12758     Short Breakout 

L5 12730     Trgt 1 

L6 12703     Trgt 2

Mid-session Outlook-2 (08-01-2013)

When Nifty was trading near 5965 then following lines were told today at 12:25:00 PM in Mid-session Outlook(08-01-2013):-

Although all the Global markets are in Red and Indian markets also slipped today but we are expecting support getting and rally beginning after yesterday started correction completion near 5965.

Technical importance of 5965 has already been updated in previous topic yesterday and now Nifty is trading near 5965,closing it beyond should be firstly watched today for next trend confirmation.

We told only for 5965 in both previous Outlooks and Nifty bounced from 5,964.40 and now trading at 5992 as well as given strong indication of yesterday started correction completion near 5965. 

As good selling between 6000-6026 in last 4 sessions therefore more consolidation is required for decisive rally above 6026 and also expected that finally on going rally will remain continued after follow up consolidations in the coming sessions.

Mid-session Outlook(08-01-2013)

Although all the Global markets are in Red and Indian markets also slipped today but we are expecting support getting and rally beginning after yesterday started correction completion near 5965.

Technical importance of 5965 has already been updated in previous topic yesterday and now Nifty is trading near 5965,closing it beyond should be firstly watched today for next trend confirmation.

5965 is most Crucial for Bulls on 08-01-2013

Nifty-Intra Day Chart (Jan 02 to Jan 072013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 4 Sessions intraday charts

1- Buying between 5982-5995 in last 4 sesions.
2- Selling between 6000-6026 in last 4 sesions.
3- 4 Sessions actual trading between 5982-6026.

Conclusions from 4 Sessions intra day chart analysis 

Long and Intermediate term trends are up and Short term trend is sideways for the last 4 sessions between 5982-6026 with both higher levels selling and lower levels buying.

Although sharp fall seen in last 40 minutes today but when Indian markets were in Green after gap up opening today then we told following line at 10:40 AM in Post-open Outlook(07-01-2013):-

"market has not shown required strength today therefore profit booking possibility will also be considered"

As higher levels good selling in last 3 sessions also therefore sharp fall seen today and last 4 sessions lowest also broken down. Although good supports also lies between 5982-5995 but complete consolidation is must for sustaining above 5982 and decisive up moves above 6026.

Although closing near lower levels of the day today but it was only very short term correction because as per our views stream is still left in on going rally and Intermediate/Long Term correction is expected from any top between 6239-6331. 

Expected that up moves will remain continued after follow up consolidations in the coming sessions and following supports should be firstly watched:- 

1- 5982
2- 5965-5977(Gap support)

As on going Sub Wave-3 should not dip or minimum close below the top of Sub Wave-1(5965) and Gap support is just above it also therefore 5965 should be also firstly watched tomorrow for on going rally continuation confirmation.

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

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

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 07-Jan-2013 3132.9 2169.85 963.05

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Jan-2013 935.63 1836.79 -901.16

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

Main features of today trading are as follows

1- Benchmark Indices closed in Red.
2- Midcap and Smallcap closed in Green.
3- Engulfing Bearish candle formation.

Ratios

Index Options Put Call Ratio: 0.95
Total Options Put Call Ratio: 0.87
Nifty P/E Ratio(07-Jan-2013):18.81

Advances & Declines

BSE Advances : 1,618
BSE Declines : 1,319
NSE Advances :   788
NSE Declines :   667

Nifty Open Interest Changed Today

Nifty- 5800 CE(Jan)- 12,800(1.23%)
Nifty- 5800 PE(Jan)- -64,000(-1.00%)

Nifty- 5900 CE(Jan)- 49,600(2.20%)
Nifty- 5900 PE(Jan)- 462,800(7.98%)

Nifty- 6000 CE(Jan)- 208,750(4.43%)
Nifty- 6000 PE(Jan)- 126,600(2.84%)

Nifty- 6100 CE(Jan)- 659,150(13.14%)
Nifty- 6100 PE(Jan)- -9,250(-0.52%)

Closing 

Sensex- closed at 19,691.42(-92.66 Points & -0.47%)
Nifty- closed at 5,988.40(-27.75 Points & -0.46%)
CNX Midcap - closed at 8,768.05(21.10 Points & 0.24%)
CNX Smallcap- closed at 3,888.70(9.30 Points & 0.24%)

Nifty Spot-Levels & Trading Strategy for 08-01-2013

Nifty Spot-Levels

R3 6092

R2 6067

R1 6027

Avg 6002

S1 5962

S2 5937

S3 5897

Nifty Spot-Trading Strategy

H6 6053     Trgt 2 

H5 6038     Trgt 1

H4 6023     Long breakout 

H3 6005     Go Short 

H2 5999

H1 5993

L1 5982

L2 5976

L3 5970     Long 

L4 5952     Short Breakout 

L5 5937     Trgt 1 

L6 5922     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 08-01-2013

Nifty(Jan Fut)-Levels

R3 6096

R2 6077

R1 6050

Avg 6031

S1 6004

S2 5985

S3 5958

Nifty(Jan Fut)-Trading Strategy

H6 6069     Trgt 2 

H5 6058     Trgt 1

H4 6048     Long breakout 

H3 6035     Go Short 

H2 6031

H1 6027

L1 6018

L2 6014

L3 6010     Long 

L4 5997     Short Breakout 

L5 5987     Trgt 1 

L6 5976     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 08-01-2013

Bank Nifty(Jan Fut)-Levels

R3 13016
R2 12962
R1 12879
Avg 12825
S1 12742
S2 12688
S3 12605

Bank Nifty(Jan Fut)-Trading Strategy

H6 12933     Trgt 2
H5 12902     Trgt 1
H4 12871     Long breakout
H3 12833     Go Short
H2 12821
H1 12808
L1 12783
L2 12770
L3 12758     Long
L4 12720     Short Breakout
L5 12689     Trgt 1
L6 12658     Trgt 2

Pre-Closing Outlook(07-01-2013)

profit booking possibility was told today at 10:40 AM in Post-open Outlook(07-01-2013) when Indian markets were in Green after gap up opening and Nifty traded more than 35 points down today. Last 4 sessions narrow range trading between 5982-6026 with lower levels confirm supports and higher levels selling also. 

As Nifty is trading near 5982 therefore firstly sustaining it beyond will be watched tomorrow for the possibility of correction continuation/completion.

Mid-session Outlook(07-01-2013)

As soon as profit booking possibility was seen then it was immediately updated in Post-open Outlook(07-01-2013) and intraday lows were broken down also. Nifty actual trading range of today is 6006-6026 with minor selling at higher levels and last 2 hours mixed intraday patterns trading between 6006-6016.

Valid break out of 6006-6026 will give next very short term down trend confirmation below 6006 and on going rally continuation confirmation above 6026.

Post-open Outlook(07-01-2013)

Although positive zone trading after gap up opening today but market has not shown required strength today therefore profit booking possibility will also be considered.

Today trading range(6012-6042) should be firstly watched for immediate next moves.