Bank Nifty(Jan Fut)-Levels & Trading Strategy for 03-01-2013

Bank Nifty(Jan Fut)-Levels

R3 13006

R2 12954

R1 12914

Avg 12862

S1 12822

S2 12770

S3 12730

Bank Nifty(Jan Fut)-Trading Strategy

H6 12966     Trgt 2 

H5 12945     Trgt 1

H4 12924     Long breakout 

H3 12899     Go Short 

H2 12890

H1 12882

L1 12865

L2 12857

L3 12848     Long 

L4 12823     Short Breakout 

L5 12802     Trgt 1 

L6 12781     Trgt 2

Pre-Closing Outlook(02-01-2013)

Range bound trading within 20 points with lower levels buying and higher levels selling as well as higher bottom and lower top formations. Although intraday down moves in last 3 hours but in falling channel which is Bullish pattern therefore indicating of up moves continuation and today trading range(5986-6006) break out will be firstly watched for next immediate move confirmation.

Mid-session Outlook-2(02-01-2013)

As lower top formation seen in last half hour therefore view turned cautious now and today trading range(5986-6006) break out will be firstly watched for next immediate move confirmations because both buying and selling formations seen in today intraday charts.

Mid-session Outlook(02-01-2013)

Although Nifty slipped from higher levels but it may be part of consolidation also because Sentiment is heated today and selling at higher levels will not be considered at this moment.

Post-open Outlook(02-01-2013)

Indian markets are more than 1% up in first 2 sessions of 2012 and proved our following topic accurate which was posted on 29-12-2012. Just click following topic link and understand technical reasons of on going rally which was started in Dec 2011:-

Bulls will Welcome in 2013

Following line has also proved accurate which was told yesterday in Technical Analysis and Market Outlook(02-01-2013)

Rally continuation above 5965 is finally expected after 21 sessions sideways correction completion

Although today up moves were expected after some more consolidations but sentiment turned strong after positive global markets today morning and higher levels consolidation will be seen now after gap up opening today.

As some more consolidation is required therefore fresh long positions should be created after intraday correction completion.

Technical Analysis and Market Outlook(02-01-2013)

Nifty-Intra Day Chart (01-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5936-5951.
3- Selling between 5957-5964
2- Selling between 5953-5957
4- Most time trading between 5943-5964 
5- Whole day actual trading between 5936-5964 

Conclusions from intra day chart analysis 

Although strong gap up opening today on the back of bullish news of US Senate passing bill to avert 'fiscal cliff' and strong rally in US markets yesterday but last 2 hours intraday patterns showed selling formations also therefore some more consolidations and  valid break out above 5965 is must in the coming sessions for strong blasting rally above 5965.

28 Nifty points narrow range trading with lower levels consolidations and higher levels selling today. As both buying and selling therefore Indian markets are not prepared for any side decisive moves and will prepare for next trend in the coming sessions.

Rally continuation above 5965 is finally expected after 21 sessions sideways correction completion and Nifty will firstly hover around today trading range as well as prepare for next trend. As sustaining beyond today trading range(5936-5964) will be next trend confirmation therefore its valid break out should be firstly watched tomorrow.  

FII & DII trading activity in Capital Market Segment on 01-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 01-Jan-2013 885.51 220.46 665.05

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Jan-2013 857.63 1263.77 -406.14

Indian Stock Markets Closing Reports(01-Jan-2013)

Main features of today trading are as follows

1- All the Indices closed in green.

2- Whole day positive zone trading.

3- White Candle formation.

Ratios

Nifty P/E Ratio(01-Jan-2013): 18.58

Advances & Declines

BSE Advances : 1,923 

BSE Declines :   981

NSE Advances : 1,225

NSE Declines :   489

Nifty Open Interest Changed Today

Nifty- 5800 CE(Jan)- -38,650(-3.37%)

Nifty- 5800 PE(Jan)- 307,550(5.87%)

Nifty- 5900 CE(Jan)- -41,500(-1.45%)

Nifty- 5900 PE(Jan)-  800,000(20.33%)

Nifty- 6000 CE(Jan)- 468,600(8.51%)

Nifty- 6000 PE(Jan)- 770,050(30.74%)

Nifty- 6100 CE(Jan)- 178,900(4.11%)

Nifty- 6100 PE(Jan)- 30,500(4.98%)

Closing 

Sensex- closed at 19,580.81(154.10 Points & 0.79%)

Nifty- closed at 5,950.85(45.75 Points & 0.77%)

CNX Midcap - closed at 8,602.50(97.40 Points & 1.15%)

CNX Smallcap- closed at 3,770.60(60.45 Points & 1.63%)

Nifty Spot-Levels & Trading Strategy for 02-01-2013

Nifty Spot-Levels

R3 5991
R2 5977
R1 5963
Avg 5949
S1 5935
S2 5921
S3 5907

Nifty Spot-Trading Strategy

H6 5978     Trgt 2
H5 5971     Trgt 1
H4 5965     Long breakout
H3 5957     Go Short
H2 5955
H1 5952
L1 5947
L2 5944
L3 5942     Long
L4 5934     Short Breakout
L5 5928     Trgt 1
L6 5921     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 02-01-2013

Nifty(Jan Fut)-Levels

R3 6089

R2 6053

R1 6030

Avg 5994

S1 5971

S2 5935

S3 5912

Nifty(Jan Fut)-Trading Strategy

H6 6066     Trgt 2 

H5 6052     Trgt 1

H4 6039     Long breakout 

H3 6023     Go Short 

H2 6017

H1 6012

L1 6001

L2 5996

L3 5990     Long 

L4 5974     Short Breakout 

L5 5961     Trgt 1 

L6 5947     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 02-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12968

R2 12872

R1 12819

Avg 12723

S1 12670

S2 12574

S3 12521

Bank Nifty(Jan Fut)-Trading Strategy

H6 12917     Trgt 2 

H5 12883     Trgt 1

H4 12848     Long breakout 

H3 12807     Go Short 

H2 12794

H1 12780

L1 12753

L2 12739

L3 12726     Long 

L4 12685     Short Breakout 

L5 12650     Trgt 1
L6 12616     Trgt 2

Pre-Closing Outlook(01-01-2013)

As bullish news of US Senate passing bill to avert 'fiscal cliff' and strong rally in US markets yesterday therefore sentiment heated and whole day positive zone trading today. Trading between 5936-5963 today with lower levels consolidations and last 2 hours patterns are showing selling formations also therefore only some more consolidations and  valid break out above 5965 is must in the coming sessions for strong blasting rally.

Mid-session Outlook(01-01-2013)

As First 3 hours intraday consolidation patterns formations between 5936-5951 today therefore rally continuation above 5965 is expected after 20 sessions sideways correction completion.

Post-open Outlook(01-01-2013)

As most of the time intraday consolidation patterns yesterday therefore following line was told yesterday in Technical Analysis and Market Outlook(01-01-2013)

"Indian markets will be positive after Green opening tomorrow"

Positive zone trading after gap up opening today and Nifty is trading between 5936-5951 which is within strong resistance range(5904-5965). Although more consolidation is required for mentioned resistance range break out above 5965 but sentiment is heated today morning therefore profit booking possibility will also be kept in mind and following ranges will be firstly watched:-

1- For next immediate moves confirmation: 5936-5951. 
2- For next rally confirmation: valid break out of 5965.

Happy New Year 2013

Technical Analysis and Market Outlook(01-01-2013)

Nifty-Intra Day Chart (31-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Most time trading between 5898-5910.
2- Lower levels support between 5898-5902.
3- First more than 3 hours consolidation patterns.
4- Minor selling in last hour.
5- Whole day actual trading between 5898-5915. 

Conclusions from intra day chart analysis 

Long Term Trend is up,Intermediate and Short Term Trends are sideways for the last 20 Sessions between 5823-5965. Technical positions within this range are as follows:-

1- Supports between 5823-5865 
2- Resistances between 5904-5965

Most of the time narrow range quiet trading within 12 points between 5898-5910 today with most of the time intraday consolidation patterns. Although Nifty slipped to intraday lowest levels in last minutes but good consolidation seen between 20 Sessions resistance range today therefore up moves hopes turned alive. As strong resistances above today trading range therefore follow up consolidation is also required tomorrow and in the coming sessions for valid break out above 5965.

Expected that finally rally above 5965 will be seen after follow up consolidation and Indian markets will be positive after Green opening tomorrow. 

Indian Stock Markets Closing Reports(31-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed flat with minor loss.

2- Midcap and Smallcap closed with sufficient gains.

3- Doji Candle formation.

Ratios

Index Options Put Call Ratio: 1.07

Total Options Put Call Ratio: 0.99

Nifty P/E Ratio(31-Dec-2012):18.44

Advances & Declines

BSE Advances : 1,563

BSE Declines : 1,317 

NSE Advances :   964 

NSE Declines :   747 

Nifty Open Interest Changed Today

Nifty- 5800 CE(Jan)- 13,900(1.23%)

Nifty- 5800 PE(Jan)- 457,800(9.57%)

Nifty- 5900 CE(Jan)- 113,950(4.16%)

Nifty- 5900 PE(Jan)- 232,950(6.29%)

Nifty- 6000 CE(Jan)- 471,250(9.36%)

Nifty- 6000 PE(Jan)- 157,900(6.73%)

Nifty- 6100 CE(Jan)- 600,800(16.02%)

Nifty- 6100 PE(Jan)- 17,050(2.87%)

Closing 

Sensex- closed at 19,426.71(-18.13 Points & -0.09%)

Nifty- closed at 5,905.10(-3.25 Points & -0.06%)

CNX Midcap - closed at 8,505.10(36.65 Points & 0.43%)

CNX Smallcap- closed at 3,710.15(25.05 Points & 0.68%)

FII Trading Data in Derivatives Segment on 31-Dec-2012

FII & DII trading activity in Capital Market Segment on 31-Dec-2012

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 31-Dec-2012 1578.97 752.63 826.34

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 31-Dec-2012 911.94 1112.91 -200.97

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

Nifty Spot-Levels

R3 5939
R2 5929
R1 5917
Avg 5907
S1 5895
S2 5885
S3 5873

Nifty Spot-Trading Strategy

H6 5927     Trgt 2
H5 5922     Trgt 1
H4 5917     Long breakout
H3 5911     Go Short
H2 5909
H1 5907
L1 5902
L2 5900
L3 5898     Long
L4 5892     Short Breakout
L5 5887     Trgt 1
L6 5882     Trgt 2

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

Nifty(Jan Fut)-Levels

R3 6009
R2 5994
R1 5972
Avg 5957
S1 5935
S2 5920
S3 5898

Nifty(Jan Fut)-Trading Strategy

H6 5988     Trgt 2
H5 5979     Trgt 1
H4 5971     Long breakout
H3 5961     Go Short
H2 5957
H1 5954
L1 5947
L2 5944
L3 5940     Long
L4 5930     Short Breakout
L5 5922     Trgt 1
L6 5913     Trgt 2