Nifty Spot-Levels & Trading Strategy for 13-04-2012

Nifty Spot-Levels

R3 5339
R2 5314
R1 5295
Avg 5270
S1 5251
S2 5226
S3 5207

Nifty Spot-Trading Strategy

H6 5320     Trgt 2
H5 5310     Trgt 1
H4 5300     Long breakout
H3 5288     Go Short
H2 5284
H1 5280
L1 5271
L2 5267
L3 5263    Long
L4 5251    Short Breakout
L5 5241    Trgt 1
L6 5231    Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 13-04-2012

Nifty(Apr Fut)-Levels

R3 5360
R2 5334
R1 5312
Avg 5286
S1 5264
S2 5238
S3 5216

Nifty(Apr Fut)-Trading Strategy

H6 5338     Trgt 2
H5 5327     Trgt 1
H4 5316     Long breakout
H3 5303     Go Short
H2 5298
H1 5294
L1 5285
L2 5281
L3 5276     Long
L4 5263     Short Breakout
L5 5252     Trgt 1
L6 5241     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 13-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10669
R2 10569
R1 10497
Avg 10397
S1 10325
S2 10225
S3 10153

Bank Nifty(Apr Fut)-Trading Strategy

H6 10599     Trgt 2
H5 10559     Trgt 1
H4 10519     Long breakout
H3 10472     Go Short
H2 10456
H1 10440
L1 10409
L2 10393
L3 10377     Long
L4 10330     Short Breakout
L5 10290     Trgt 1
L6 10250     Trgt 2

Post-open Outlook(12-04-2012)

Nifty crossed 5263 and sustaining above it will be confirmation of strong rally.

Rally after Bulls conquering of 5263

Nifty-Intra Day Chart(Apr 09 to Apr 11,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 3 sessions intraday charts

1- Resistance between 5236-5263
2- Minor support between 5212-5225 on 10-04-2012.
3- Support between 5192-5205 on 11-04-2012.
4- Higher Bottom formation at rising trend line.
5- Huge Volatility on 11-04-2012.
6- Last 3 Days trading between 5191-5288

Conclusions from Last 3 days intra day chart analysis 

 .
Firstly click 08-04-2012 posted following topic link of Weekly Outlook of this week and understand Indian markets technicals :-

Bullish 'Flag Pattern' Formation in EOD Chart

Technical positions and formations of on going correction has already been explained in above topic and following lines were also told:-

1- Wave-2 correction is on from 22-02-2012 in falling Channel(Bullish 'Flag Pattern') Formation which got support at  5135.95 on 29-03-2012. 

2- Bullish 'Flag Pattern' Formation in EOD Chart therefore finally Dec 2011 like strong rally will be seen after Nifty sustaining above Upper Falling Trend line of Falling Channel as well as sustaining above 5400.

3- Higher levels good selling and lower levels supports within Falling Channel(Flag) therefore expected that Nifty will trade firstly trade between 5136-5377.

Nifty traded most of the time between 5192-5263 with lower levels buying and higher levels selling in last 3 sessions.Huge volatility seen between above mentioned resistance range on 11-04-2012 and technical positions reverses in such volatility therefore weakening of mentioned resistance can not be ruled out

As mixed technical positions in last 3 sessions therefore more preparation is required for sustaining beyond this range and follow up moves within or near about yesterday trading range(5191-5263) will decide the fate and life of on going correction.

Last 2 sessions supports between 5192-5225 and sustaining above 5263 will be strong indication of rally after correction completion but follow up consolidation is also required to cross resistances between 5236-5263.

Expected that finally rally will be seen after 34 sessions correction completion but confirmations are must firstly through sustaining above 5192 and after that Bulls conquering of 5263.

FII Trading Data in Derivatives Segment on 11-Apr-2012

FII & DII trading activity in Capital Market Segment on 11-Apr-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 11-Apr-2012 1890.35 2336.12 -445.77

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Apr-2012 943.15 1025.39 -82.24

Indian Stock Markets Closing Reports(11-Apr-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.
2- White Candle.
3- Highly volatile market but clear support formation at lower levels between 5192-5205.

Ratios

Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(11-Apr-2012): 18.47

Advances & Declines

BSE Advances : 1260
BSE Declines : 1525
NSE Advances :  542
NSE Declines :  881

Nifty Open Interest Changed Today

Nifty- 5100 CE(Apr)- +23,350(+2.43%)
Nifty- 5100 PE(Apr)- +657,750(+12.64%)

Nifty- 5200 CE(Apr)- +589,350(+26.99%)
Nifty- 5200 PE(Apr)- +563,450(+9.94%)

Nifty- 5300 CE(Apr)- +909,100(+26.93%)
Nifty- 5300 PE(Apr)- +53,550 (+1.56%)

Nifty- 5400 CE(Apr)- +683,900(+14.30%)
Nifty- 5400 PE(Apr)- -12,300(-0.79 %)

Closing 

Nifty- closed at 5,226.85(-16.75 Points & -0.32%)
Sensex- closed at 17,199.40(-44.44 Points & -0.26% )
CNX Midcap - closed at 7,594.05(-47.25 Points & -0.62%)
BSE Smallcap- closed at 6,774.06(-18.25 Points & -0.27%)

Nifty Spot-Levels & Trading Strategy for 12-04-2012

Nifty Spot-Levels

R3 5335
R2 5299
R1 5262
Avg 5226
S1 5189
S2 5153
S3 5116

Nifty Spot-Trading Strategy

H6 5299     Trgt 2
H5 5282     Trgt 1
H4 5266     Long breakout
H3 5246     Go Short
H2 5239
H1 5232
L1 5219
L2 5212
L3 5205     Long
L4 5185    Short Breakout
L5 5169     Trgt 1
L6 5152     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 12-04-2012

Nifty(Apr Fut)-Levels

R3 5383
R2 5337
R1 5294
Avg 5248
S1 5205
S2 5159
S3 5116

Nifty(Apr Fut)-Trading Strategy

H6 5340     Trgt 2
H5 5320    Trgt 1
H4 5299     Long breakout
H3 5275     Go Short
H2 5267
H1 5259
L1 5242
L2 5234
L3 5226     Long
L4 5202     Short Breakout
L5 5181     Trgt 1
L6 5161     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 12-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10700
R2 10531
R1 10398
Avg 10229
S1 10096
S2 9927
S3 9794

Bank Nifty(Apr Fut)-Trading Strategy

H6 10574     Trgt 2
H5 10503     Trgt 1
H4 10432     Long breakout
H3 10349     Go Short
H2 10321
H1 10293
L1 10238
L2 10210
L3 10182    Long
L4 10099     Short Breakout
L5 10028     Trgt 1
L6  9957    Trgt 2

Pre-Closing Outlook(11-04-2012)

We told following line again and again today and yesterday:-

"Until Nifty will not sustain above 5263 till then decisive up move will not be considered"

Nifty retraced more than 50 points from exactly 5263.65

Survival of following next supports should be firstly watched in highly volatile market today:-

1- 5192-5205
2- 5175
3- 5136

Mid-session Outlook-2(11-04-2012)

Sharp surge after intraday support between 5192-5205 and today top at this moment is at 5263.65. Sustaining above 5263 should be watched because that will be strong indication of rally after correction completion.

Mid-session Outlook(11-04-2012)

Although sharp surge after European markets positive opening and Dow's Futures more than 70 points positive trading but sigh of relief that 5175 is safe yet despite deep Red Asian markets today.

Intraday support confirmation at lower levels between 5192-5205 today but complete consolidation is required to cross following resistances:-

1- 5236
2- 5255
3- 5263

Until Nifty will not sustain above 5263 till then decisive up move will not be considered. If fresh selling does not develop and follow up consolidation emerge then Nifty will trade few more hours/sessions between 5192-5263 before decisive up move.

Bulls should watch survival of today intraday support of 5192-5205.

Post-open Outlook(11-04-2012)

Following lines were told in Post-open Outlook(10-04-2012)

Next supports are as follows:-

1- 5175-5236(strong supports)
2- 5136-5160

Nifty is trading within above mentioned 1st strong support range for the last 3 sessions and forming daily new lows within range after higher levels selling,it is weakness signal.

Correction is on and its completion indications/confirmations are required yet. Let consolidation start bottom formation confirmation come then decisive up moves will be considered.

Today trading between 5191-5213 with some up moves from lower levels only and no clear intraday pattern yet,let it develop then will be updated.

Strong Support at stake after melting global markets

Nifty-Intra Day Chart(Apr 09 & Apr 10,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- More than 4 hours trading between 5245-5263 on 09-04-2012
2- Almost whole day trading and sustaining below 5245-5263 on 10-04-2012
3- Selling between 5229-5255
4- Minor support between 5212-5225

Conclusions from 2 days intra day chart analysis 

Following lines were told yesterday in Pre-Closing Outlook(10-04-2012)

more than 4 hours trading range(5245-5263) of yesterday has been broken down today and until Nifty will not sustain above 5263 till then next up move will not be considered.

As intraday selling again seen on 10-04-2012 also therefore more down moves are possible after melting global markets cues. Good supports above 5175 and its survival is at stake today therefore should be firstly watched today.

FII & DII trading activity in Capital Market Segment on 10-Apr-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 10-Apr-2012 1864.42 2193.09 -328.67

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Apr-2012 790.4 980.58 -190.18

Indian Stock Markets Closing Reports(10-Apr-2012)

Main features of today trading are as follows

1- Flat closing in side ways market.
2- Bullish Hammer Candle formation.
3- Most Indices recovered from intraday lower levels.

Ratios

Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(10-Apr-2012): 18.53

Advances & Declines

BSE Advances : 1360
BSE Declines : 1426
NSE Advances :  628
NSE Declines :  774

Nifty Open Interest Changed Today

Nifty- 5100 CE(Apr)- +24600(+2.63%)
Nifty- 5100 PE(Apr)- +164250(+3.26%)

Nifty- 5200 CE(Apr)- +235900(+12.11%)
Nifty- 5200 PE(Apr)- +353250(+6.64%)

Nifty- 5300 CE(Apr)- +350250(+11.23%)
Nifty- 5300 PE(Apr)- -33600(-0.97%)

Nifty- 5400 CE(Apr)- +172600(+3.72%)
Nifty- 5400 PE(Apr)- -104400(-6.26%)

Closing 

Nifty- closed at 5,243.60(+9.20 Points & +0.18%)
Sensex- closed at 17,243.84(+21.70 Points & +0.13%)
CNX Midcap - closed at 7,641.30(+30.60 Points & +0.40%)
BSE Smallcap- closed at 6,792.31(-8.25 Points & -0.12%)

Nifty Spot-Levels & Trading Strategy for 11-04-2012

Nifty Spot-Levels

R3 5305
R2 5280
R1 5261
Avg 5236
S1 5217
S2 5192
S3 5173

Nifty Spot-Trading Strategy

H6 5287     Trgt 2
H5 5277     Trgt 1
H4 5267     Long breakout
H3 5255     Go Short
H2 5251
H1 5247
L1 5238
L2 5234
L3 5230     Long
L4 5218     Short Breakout
L5 5208     Trgt 1
L6 5198     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 11-04-2012

Nifty(Apr Fut)-Levels

R3 5337
R2 5307
R1 5286
Avg 5256
S1 5235
S2 5205
S3 5184

Nifty(Apr Fut)-Trading Strategy

H6 5317     Trgt 2
H5 5305     Trgt 1
H4 5294     Long breakout
H3 5280     Go Short
H2 5275
H1 5270
L1 5261
L2 5256
L3 5251     Long
L4 5237     Short Breakout
L5 5226     Trgt 1
L6 5214     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 11-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10457
R2 10353
R1 10294
Avg 10190
S1 10131
S2 10027
S3 9968

Bank Nifty(Apr Fut)-Trading Strategy

H6 10400     Trgt 2
H5 10362     Trgt 1
H4 10324     Long breakout
H3 10279     Go Short
H2 10264
H1 10249
L1 10220
L2 10205
L3 10190     Long
L4 10145     Short Breakout
L5 10107     Trgt 1
L6 10069     Trgt 2