Mid-session Outlook(22-01-2013)

Indicators are showing negative divergence on Daily Charts and without force up moves as well as intraday charts are also selling patterns therefore seems that market is near its top and sharp down moves will be seen after breaking down. Although up moves but not on the back of consolidations and due to positive news flow therefore as per our views distribution is going on and minimum Short Term Correction is expected.

As most Asian markets moved up from lower levels therefore Indian markets also marginally up after flat opening. 22 points trading today between 5979-6001 with selling signals in last more than 1 hour trading. Valid break out of mentioned today trading range should be firstly watched for next immediate moves confirmations.

NIFTY-Jan Put Option(6000)-Bought on 18-01-2013-Message

NIFTY-Jan Put Option(6000)-Positional Bought on 18-01-2013-Hold and just wait for covering message.Selling therefore small up after RIL good results(Lalit39)

FII Trading Data in Derivatives Segment on 21-Jan-2013

Short Term correction on Cards

Nifty-Intra Day Chart (Jan 18 to Jan 21,2013)

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 6068-6082 on 18-01-2013
2- Selling between 6072-6082 on 21-01-2013
3- Selling between 6082-6092 on 21-01-2013
4- 2 Sessions actual trading between 6048-6092 

Conclusions from 2 Sessions intra day chart analysis 

Although last more than 1 hour trading near the highs of the day and near the highs of ongoing rally as well but it does not mean that it is supported by lower levels consolidations but last 2 sessions trading is under heated sentiments, firstly due to Strong Asian markets last Friday and today because of good RIL results.

As intraday selling formations seen if last 2 sessions therefore expected that Nifty will not sustain above 6068 and will slip below 6048 in the coming sessions. As per our views selling is continued on the back of positive news flows and let distribution complete then Short Term correction will be seen within 2/3 sessions.

FII & DII trading activity in Capital Market Segment on 21-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 21-Jan-2013 3434.62 2591.66 842.96

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Jan-2013 1014.43 1904.6 -890.17

Indian Stock Markets Closing Reports(21-Jan-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Positive closing after volatile market.
3- Doji Candle formation.

Ratios

Index Options Put Call Ratio: 1.12
Total Options Put Call Ratio: 1.01
Nifty P/E Ratio(21-Jan-2013): 18.34

Advances & Declines

BSE Advances : 1,342
BSE Declines : 1,569
NSE Advances :   668
NSE Declines :   789

Nifty Open Interest Changed Today

Nifty- 5700 CE(Jan)- -12,050(-1.85%)
Nifty- 5700 PE(Jan)- -153,750(-3.41%)

Nifty- 5800 CE(Jan)- -22,150(-2.44%)
Nifty- 5800 PE(Jan)-  358,650(4.62%)

Nifty- 5900 CE(Jan)- -111,800(-7.47%)
Nifty- 5900 PE(Jan)-  101,350(1.21%)

Nifty- 6000 CE(Jan)- -316,050(-7.84%)
Nifty- 6000 PE(Jan)-  1,119,800(14.04%)

Nifty- 6100 CE(Jan)-  462,600(7.58%)
Nifty- 6100 PE(Jan)-  1,286,100(54.43%)

Closing 

Sensex- closed at 20,101.82(62.78 Points & 0.31%)
Nifty- closed at 6,082.30(17.90 Points & 0.30%)
CNX Midcap - closed at 8,601.10(9.75 Points & 0.11%)
CNX Smallcap- closed at 3,800.50(16.85 Points & 0.45%)

Nifty Spot-Levels & Trading Strategy for 22-01-2013

Nifty Spot-Levels

R3 6124

R2 6109

R1 6095

Avg 6080

S1 6066

S2 6051

S3 6037

Nifty Spot-Trading Strategy

H6 6111     Trgt 2 

H5 6104     Trgt 1

H4 6097     Long breakout 

H3 6089     Go Short 

H2 6087

H1 6084

L1 6079

L2 6076

L3 6074     Long 

L4 6066     Short Breakout 

L5 6059     Trgt 1 

L6 6052     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 22-01-2013

Nifty(Jan Fut)-Levels

R3 6149

R2 6128

R1 6112

Avg 6091

S1 6075

S2 6054

S3 6038

Nifty(Jan Fut)-Trading Strategy

H6 6133     Trgt 2 

H5 6124     Trgt 1

H4 6116     Long breakout 

H3 6106     Go Short 

H2 6102

H1 6099

L1 6092

L2 6089

L3 6085     Long 

L4 6075     Short Breakout 

L5 6067     Trgt 1 

L6 6058     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 22-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12855

R2 12799

R1 12742

Avg 12686

S1 12629

S2 12573

S3 12516

Bank Nifty(Jan Fut)-Trading Strategy

H6 12799     Trgt 2 

H5 12773     Trgt 1

H4 12748     Long breakout 

H3 12717     Go Short 

H2 12706

H1 12696

L1 12675

L2 12665

L3 12654     Long 

L4 12623     Short Breakout 

L5 12598     Trgt 1 

L6 12572     Trgt 2

Pre-Closing Outlook(21-01-2013)

Although selling was seen in first 3 hours but sharp up moves were also seen and Nifty traded at 6094 also. As sentiment is heated today due to good RIL results last Friday therefore today sharp surge may be a part of intraday volatility also. Selling was seen between 6075-5080 today and if Nifty sustains above 6080 then more up moves will be considered and correction confirmation will be below 6048.

Mid-session Outlook(21-01-2013)

Intraday selling patterns and Bearish lower top formations as well therefore again development of minimum very short term down moves possibility today.

NIFTY-Jan Put Option(6000)-Bought on 18-01-2013-Message

NIFTY-Jan Put Option(6000)-Bought on 18-01-2013-Market will be volatile but will be finally down.Hold and cover after my covering message(Lalit39)

Down Moves after Positive Weekly Opening

Technical Analysis,Research & Weekly Outlook

(Jan 21 to Jan 25,2013)

Nifty-Intra Day Chart (18-Jan-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6068-6082
2- Whole day down moves in Bullish Falling Channel.
3- Whole day actual trading between 6048-6082 

Conclusions from intra day chart analysis 

Although whole day down moves in Bullish falling channel but good selling seen therefore view will not be Bullish despite Green closing and whole day trading patterns are suggesting that finally market should move down below the lowest of the day(6048)

Nifty-Intra Day Chart (Jan 02 to Jan 18,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 13 Sessions intraday charts

1- Selling between 6000-6026
2- Consolidation between 5940-5970
3- consolidation between 6001-6017 on 17-01-2013
4- Selling between 6040-6052 on 17-01-2013
5- Selling between 6068-6082 on 18-01-2013
6- 13 Sessions actual trading between 5940-6082 

Conclusions from 13 Sessions intra day chart analysis 

Firstly 9 sessions trading between 5940-6026 Consolidation at lower levels but equally good selling also at higher levels also and range broken out on 15-01-2013 but slipped again below 6026 after higher levels selling on 16-01-2013.  Although 9 sessions trading range broken out on 17-01-2013 but again selling seen on 18-01-2013.

Conclusions (After Putting All Studies Together)

Broader trends have already been updated in following topics in previous week and no significant change in technical till now therefore not being repeated. Just click following links and understand long term trend,Indicators analysis,next correction possibilities and Waves structure:-

Market Cautious after Indo-Pak Cross Border Firing
Technical Analysis and Market Outlook(16-01-2013)

As above expectations RIL Quarterly results declaration after trading hours on 18-01-2013 therefore positive opening will be seen on 21-01-2013 but expected that Nifty will not sustain at higher levels.

9 sessions trading range(5940-6026) broken out but lacking required force and selling development at higher levels therefore expected that Nifty will reverse into 9 sessions trading range and again prepare for next decisive trend in the coming week. Valid break out of 5940-6082 will give following conclusions:-

1- Below 5940 will mean Intermediate term corrcetion.
2- Above 6082 will mean up moves toward maximum up to 6331.

FII & DII trading activity in Capital Market Segment on 18-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 18-Jan-2013 4327.82 3162.13 1165.69

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 18-Jan-2013 1664.39 2632 -967.61

FII Trading Data in Derivatives Segment on 18-Jan-2013

Indian Stock Markets Closing Reports(18-Jan-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Green while CNX Midcap and CNX Smallcap closed in Red.

2- Good opening after strong global cues but mixed closing and most Indices closed with small gains or small loss.

3- Small White candle formation.

Ratios

Index Options Put Call Ratio: 1.07

Total Options Put Call Ratio: 0.96

Nifty P/E Ratio(18-Jan-2013):18.30

Advances & Declines

BSE Advances : 1,272 

BSE Declines : 1,675 

NSE Advances :   569

NSE Declines :   873 

Nifty Open Interest Changed Today

Nifty- 5700 CE(Jan)- -15,300(-2.30%)

Nifty- 5700 PE(Jan)- -515,400(-10.26%)

Nifty- 5800 CE(Jan)-    8,550(0.93%)

Nifty- 5800 PE(Jan)- -230,550(-2.85%)

Nifty- 5900 CE(Jan)- -149,350(-9.00%)

Nifty- 5900 PE(Jan)-  468,850(5.63%)

Nifty- 6000 CE(Jan)- -216,650(-5.01%)

Nifty- 6000 PE(Jan)-  753,650(10.29%)

Nifty- 6100 CE(Jan)- 415,500(7.04%)

Nifty- 6100 PE(Jan)-  421,500(21.66%)

Closing 

Sensex- closed at 20,039.04(75.01 Points & 0.38%)

Nifty- closed at 6,064.40(25.20 Points & 0.42%)

CNX Midcap - closed at 8,591.35(-1.50 Points & -0.02%)

CNX Smallcap- closed at 3,783.65(-3.50 Points & -0.09%)

Nifty Spot-Levels & Trading Strategy for 21-01-2013

Nifty Spot-Levels

R3 6117
R2 6100
R1 6082
Avg 6065
S1 6047
S2 6030
S3 6012

Nifty Spot-Trading Strategy

H6 6099     Trgt 2
H5 6091     Trgt 1
H4 6083     Long breakout
H3 6073     Go Short
H2 6070
H1 6067
L1 6060
L2 6057
L3 6054     Long
L4 6044     Short Breakout
L5 6036     Trgt 1
L6 6028     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 21-01-2013

Nifty(Jan Fut)-Levels

R3 6126

R2 6110

R1 6092

Avg 6076

S1 6058

S2 6042

S3 6024

Nifty(Jan Fut)-Trading Strategy

H6 6108     Trgt 2 

H5 6100     Trgt 1

H4 6092     Long breakout 

H3 6083     Go Short 

H2 6080

H1 6077

L1 6070

L2 6067

L3 6064     Long 

L4 6055     Short Breakout 

L5 6047     Trgt 1 

L6 6039     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 21-01-2013

Bank Nifty(Jan Fut)-Levels

R3 12944

R2 12884

R1 12798

Avg 12738

S1 12652

S2 12592

S3 12506

Bank Nifty(Jan Fut)-Trading Strategy

H6  12858    Trgt 2 

H5  12825    Trgt 1

H4  12792    Long breakout 

H3  12752    Go Short 

H2  12738

H1  12725

L1  12698

L2  12685

L3  12671    Long 

L4  12631    Short Breakout 

L5  12598    Trgt 1 

L6  12565    Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jan 21 to Jan 25,2013)

Nifty Spot-Weekly Levels

R3 6231
R2 6157
R1 6110
Avg 6036
S1 5989
S2 5915
S3 5868

Nifty Spot-Weekly Trading Strategy 

H6  6187    Trgt 2
H5  6158    Trgt 1
H4  6130    Long breakout
H3  6097    Go Short
H2  6086
H1  6075
L1  6052
L2  6041
L3  6030    Long
L4  5997    Short Breakout
L5  5969    Trgt 1
L6  5940    Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Jan 21 to Jan 25,2013)

Bank Nifty Spot-Weekly Levels

R3 13189

R2 13048

R1 12864

Avg 12723

S1 12539

S2 12398

S3 12214

Bank Nifty Spot-Weekly Trading Strategy 

H6 13007     Trgt 2 

H5 12933     Trgt 1

H4 12858    Long breakout 

H3 12769     Go Short 

H2 12739

H1 12709

L1 12650

L2 12620

L3 12590     Long 

L4 12501     Short Breakout 

L5 12426     Trgt 1 

L6 12352     Trgt 2