Bank Nifty Spot-Weekly Levels & Trading Strategy(Jan 07 to Jan 11,2013)

Bank Nifty Spot-Weekly Levels

R3 13350

R2 13094

R1 12940

PIVOT 12684

S1 12530

S2 12274

S3 12120

Bank Nifty Spot-Weekly Trading Strategy 

H6 13208     Trgt 2 

H5 13110     Trgt 1

H4 13012     Long breakout 

H3 12899     Go Short 

H2 12862

H1 12824

L1 12749

L2 12711

L3 12674     Long 

L4 12561     Short Breakout 

L5 12463     Trgt 1 

L6 12365     Trgt 2

Mid-session Outlook(04-01-2013)

Following trading range was given yesterday at 09:41 AM in Post-open Outlook(03-01-2013):-

5982-6017

Above trading range was given in all the Outlooks yesterday and since then Nifty traded between

 5981.55-6016.

Following line was told today at 10:11:00 AM in Post-open Outlook(04-01-2013)

"As Bull markets does not correct very deep therefore following 2 supports will be firstly" watched:-

1- 5984
2- 5965

Nifty got support at 5981.55 today with lower levels consolidation patterns also therefore strong indications of up moves after very Short Term correction completion and next trend confirmation range will be valid break out of 5981-6017.

Post-open Outlook(04-01-2013)

Although gap up opening yesterday but we told only for down moves yesterday and Indian markets are down today as well as again proved all our predictions 100% accurate. We told following lines yesterday:-

1- We told at 09:41 AM in Post-open Outlook(03-01-2013)- "possibility of firstly slipping"
2- We told at 10:10 AM in Post-open Outlook-2(03-01-2013)- "good selling was seen within it yesterday"
2- We told in Technical Analysis and Market Outlook(04-01-2013)- " possibility of very short term down moves"

All trends are up and only very short term down moves were expected which were seen today because intraday selling formations and development of resistance within 6000-6012 in last 2 sessions.  Until Nifty will not  sustain above 6012 till then next up move will be considered and follow up moves will decide the life of today started correction. As Bull markets does not correct very deep therefore following 2 supports will be firstly watched:-

1- 5984
2- 5965

Technical Analysis and Market Outlook(04-01-2013)

Nifty-Intra Day Chart (03-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6004-6012
2- Up moves in Rising Channel which is Bearish Pattern.
2- Support between 5995-5998
3- Whole day actual trading between 5986-6014 

Conclusions from intra day chart analysis 

Some supports at lower levels and selling at higher levels with intraday Up moves in Rising Channel which is Bearish Pattern therefore possibility of very short term  down moves because intraday selling was seen also yesterday within today trading range.

Last 2 sessions trading between 5982-6017 with lower levels supports and higher levels selling therefore valid break out of this range will decide next very Short Term Trend.

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

FII & DII trading activity in Capital Market Segment on 03-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 03-Jan-2013 3089.48 1692.11 1397.37

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 03-Jan-2013 996.46 1902.42 -905.96

Indian Stock Markets Closing Reports(03-Jan-2013)

Main features of today trading are as follows

1- Benchmark Indices closed positive.

2- Most Indices closed positive but BANK NIFTY,FMCG and AUTO closed in Red. 

3- Hanging Man / Dragonfly Doji Bearish Candle formation

Ratios

Index Options Put Call Ratio: 1.16

Total Options Put Call Ratio: 1.05

Nifty P/E Ratio(03-Jan-2013):18.80

Advances & Declines

BSE Advances : 1,708

BSE Declines : 1,269  

NSE Advances : 1,060

NSE Declines :   720  

Nifty Open Interest Changed Today

Nifty- 5800 CE(Jan)- -15,750(-1.47%)

Nifty- 5800 PE(Jan)- -121,300(-2.03%)

Nifty- 5900 CE(Jan)- -48,250(-1.96%)

Nifty- 5900 PE(Jan)-  663,100 (13.31%)

Nifty- 6000 CE(Jan)- -218,100(-4.16%)

Nifty- 6000 PE(Jan)-  630,600(18.69%)

Nifty- 6100 CE(Jan)-  196,350(4.34%)

Nifty- 6100 PE(Jan)-  77,700(5.30%)

Closing 

Sensex- closed at 19,764.78(50.54 Points & 0.26%)

Nifty- closed at 6,009.50(16.25 Points & 0.27%)

CNX Midcap - closed at 8,695.60(62.05 Points & 0.72%)

CNX Smallcap- closed at 3,854.15(44.75 Points & 1.17%)

Nifty Spot-Levels & Trading Strategy for 04-01-2013

Nifty Spot-Levels

R3 6053

R2 6035

R1 6022

Avg 6004

S1 5991

S2 5973

S3 5960

Nifty Spot-Trading Strategy

H6  6040    Trgt 2 

H5  6033    Trgt 1

H4  6026    Long breakout 

H3  6017    Go Short 

H2  6014

H1  6011

L1  6006

L2  6003

L3  6000    Long 

L4  5991    Short Breakout 

L5  5984    Trgt 1 

L6  5977    Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 04-01-2013

Nifty(Jan Fut)-Levels

R3 6088
R2 6073
R1 6056
Avg 6041
S1 6024
S2 6009
S3 5992

Nifty(Jan Fut)-Trading Strategy

H6 6071     Trgt 2
H5 6063     Trgt 1
H4 6056     Long breakout
H3 6047     Go Short
H2 6044
H1 6041
L1 6036
L2 6033
L3 6030     Long
L4 6021     Short Breakout
L5 6014     Trgt 1
L6 6006     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 04-01-2013

Bank Nifty(Jan Fut)-Levels

R3 13012

R2 12961

R1 12906

Avg 12855

S1 12800

S2 12749

S3 12694

Bank Nifty(Jan Fut)-Trading Strategy

H6 12958     Trgt 2 

H5 12934     Trgt 1

H4 12910     Long breakout 

H3 12881     Go Short 

H2 12871

H1 12861

L1 12842

L2 12832

L3 12822     Long 

L4 12793     Short Breakout 

L5 12769     Trgt 1 

L6 12745     Trgt 2

Pre-Closing Outlook(03-01-2013)

Following trading range was given within 1 st hour today in both Post-open Outlooks:-

5982-6017

Nifty traded whole day within it with mixed intraday formations and valid break out of this range will decide next very Short Term Trend.

Post-open Outlook-2(03-01-2013)

As Asian markets are mixed and not blasting today despite strong closing in US and European markets yesterday therefore Indian markets hovering around yesterday trading range because good selling was seen within it yesterday and consolidation is firstly required for any decisive up moves above yesterday highs(6006).

Good selling seen yesterday and follow up moves today will decide next immediate market.,following range will be firstly watched for next immediate moves confirmations.

5982-6017

Post-open Outlook(03-01-2013)

Although gap up opening but consolidation is required therefore possibility of firstly slipping and following range will be watched:-

5982-6017

Technical Analysis and Market Outlook(03-01-2013)

Nifty-Intra Day Chart (02-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Lower levels buying.
2- Higher levels selling.
3- Higher Bottoms(B1 to B4) formations.
4- Lower tops(T1 to T3) formations.
5- Last 3 hours down moves in Falling channel(Bullish Pattern)
5- Whole day actual trading between 5985-6006 

Conclusions from intra day chart analysis 

21 Points whole day range bound trading between 5985-6006 after gap up opening. Although both lower levels buying and higher levels selling but last 3 hours down moves in Falling channel which is Bullish formation therefore indications of up moves continuation. 

21 Sessions sideways trading range(5823-5965) broken out forcefully today and with this all trends turned up and impulsive Sub Wave-5 of Wave-3 continuation also therefore Bulls will rule Indian Stock Markets. As some intraday selling seen today therefore consolidation is required and that may also be firstly seen because Bullish markets consolidates at higher levels.

Global Party is on and Dow Jones made double century after European markets more than 2% positive closing. Such strong Asian markets tomorrow will mean again gap up opening and rally continuation after higher levels consolidations.

FII Trading Data in Derivatives Segment on 02-Jan-2013

FII & DII trading activity in Capital Market Segment on 02-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 02-Jan-2013 2341.67 1234.01 1107.66

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 02-Jan-2013 1271.09 1688.5 -417.41

Indian Stock Markets Closing Reports(02-Jan-2013)

Main features of today trading are as follows

1- Sideways intraday trading after gap up strong opening.

2- Most Indices closed in Green except FMCG,IT and REALTY.

3- White candle formations.

Ratios

Index Options Put Call Ratio: 0.96

Total Options Put Call Ratio: 0.91

Nifty P/E Ratio(02-Jan-2013):18.72

Advances & Declines

BSE Advances : 1,769

BSE Declines : 1,201 

NSE Advances : 1,107

NSE Declines :   643

Nifty Open Interest Changed Today

Nifty- 5800 CE(Jan)- -35,700(-3.23%)

Nifty- 5800 PE(Jan)-  487,400(8.88%)

Nifty- 5900 CE(Jan)- -272,850(-9.96%)

Nifty- 5900 PE(Jan)-  364,900(7.90%)

Nifty- 6000 CE(Jan)- -702,350(-11.82%)

Nifty- 6000 PE(Jan)-  113,350(3.48%)

Nifty- 6100 CE(Jan)-  14,000(0.31%)

Nifty- 6100 PE(Jan)-  825,950(129.13%)

Closing 

Sensex- closed at 19,714.24(133.43 Points & 0.68%)

Nifty- closed at 5,993.25(42.40 Points & 0.71%)

CNX Midcap - closed at 8,633.55(31.05 Points & 0.36%)

CNX Smallcap- closed at 3,074.00(21.00 Points & 0.69%)

Nifty Spot-Levels & Trading Strategy for 03-01-2013

Nifty Spot-Levels

R3 6029

R2 6017

R1 6005

Avg 5993

S1 5981

S2 5969

S3 5957

Nifty Spot-Trading Strategy

H6 6017     Trgt 2 

H5 6011     Trgt 1

H4 6006     Long breakout 

H3 5999     Go Short 

H2 5997

H1 5995

L1 5990

L2 5988

L3 5986     Long 

L4 5979     Short Breakout 

L5 5974     Trgt 1 

L6 5968     Trgt 2

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

Nifty(Jan Fut)-Levels

R3 6095

R2 6072

R1 6053

Avg 6030

S1 6011

S2 5988

S3 5969

Nifty(Jan Fut)-Trading Strategy

H6 6077     Trgt 2 

H5 6067     Trgt 1

H4 6058     Long breakout 

H3 6046     Go Short 

H2 6042

H1 6038

L1 6031

L2 6027

L3 6023     Long 

L4 6011     Short Breakout 

L5 6002     Trgt 1 

L6 5992     Trgt 2

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.