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%)