As Nifty Jan Fut. is trading in Red and its intraday patterns are showing selling formations also therefore selling confirmation but Nifty spot intraday patterns have not shown as such selling patterns and trading 0.30% up also therefore mixed indications and more down moves confirmations are required through breaking down of 5989.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(04-02-2013)
Although Nifty slipped immediately after opening but strong opening and now strong as well despite at present trading at the lowest of today. It is only a signal of up move and complete consolidation is required for any up move above 6050 as well as sustaining above 5989 should also be firstly watched for any up move confirmation.
Deeper Correction require Confirmations
Technical Analysis,Research & Weekly Outlook
(Feb 04 to Feb 08,2013)
Nifty-Intra Day Chart (Jan 15 to Feb 01,2013):- |
| Just click on chart for its enlarged view |
1- Support between 5989-6033
2- Resistance between 6050-6111
3- 14 Sessions actual trading between 5989-6111
Conclusions from 14 Sessions intra day chart analysis
14 Sessions lowest closing last Friday after good selling at higher levels and breaking down of above mentioned supports therefore more down moves can not be ruled out.
Nifty-Intra Day Chart (01-Feb-2013):-
 |
| Just click on chart for its enlarged view |
1- Whole day down moves in Bullish Falling channel
2- Whole day actual trading between 5989-6052
Conclusions from intra day chart analysis
Whole day down moves but in Bullish Falling channel and 14 sessions lowest broken down as well.
Conclusions (After Putting All Studies Together)
Detailed analysis with EOD charts have already be updated on 26-01-2013 in following topic:
Correction On 29th Jan or From 1st Week of Feb 2013
Just click above topic link and understand Short Term Outlook.
Correction was clearly told on 26-01-2013 and Nifty closed at weekly lowest as well as 14 Sessions lowest formation on 01-02-2013. As last Friday down moves showed Bullish Falling channel formation therefore firstly requiring confirmations through sustaining beyond psychological level of 6000 in the beginning of next week.
Sustaining below 6000 will mean deeper correction because Bearish patterns formation in Daily charts and sustaining above 6000 will mean some up moves but strong resistances above 6050 and complete consolidation is required for any sustained move above 6050/6111.
Market Outlook(04-02-2013)
As US markets closed with good gains last Friday and Asian markets may also react positive therefore Green zone trading possibility can not be ruled out in Indian markets on 04-02-2013. Correction is very much due and only it has to be watched that it will start within next 1/2 sessions or after passing some more time above 6000 and follow up buying/selling in next couple of sessions will reply this possibility.
Expected that Nifty will firstly trade between 5989-6050 and this range valid break out will finally show following moves:-
1- Below 5989 will mean deeper correction
2- Above 6050 will mean slow up moves up to 6111 and any rally will be possibile only after complete confirmation of sustaining above 6111 but maximum up to 6239.95/6331.
Market is well prepared for deeper correction but sustaining beyond 6000 should also be firstly watched in the beginning of next week for immedite moves confirmations.
FII & DII trading activity in Capital Market Segment on 01-Feb-2013
| ||||||||||||||||
| ||||||||||||||||
Indian Stock Markets Closing Reports(01-Feb-2013)
1- Benchmark Indices closed in Red.
2- Closing near the lower levels of the day.
3- Black Candle formation.
Ratios
Index Options Put Call Ratio: 0.99
Total Options Put Call Ratio: 0.94
Nifty P/E Ratio(01-Feb-2013): 18.11
Advances & Declines
BSE Advances : 1,227
BSE Declines : 1,619
NSE Advances : 649
NSE Declines : 865
Nifty Open Interest Changed Today
Nifty- 5700 CE(Feb)- 8,850(2.67%)
Nifty- 5700 PE(Feb)- 1,590,750(54.17%)
Nifty- 5800 CE(Feb)- -60,600(-13.42%)
Nifty- 5800 PE(Feb)- 278,750(8.52%)
Nifty- 5900 CE(Feb)- -128,050(-16.03%)
Nifty- 5900 PE(Feb)- 509,500(18.86%)
Nifty- 6000 CE(Feb)- 411,750(26.43%)
Nifty- 6000 PE(Feb)- 930,600(26.87%)
Nifty- 6100 CE(Feb)- 1,328,250(41.91%)
Nifty- 6100 PE(Feb)- 189,050(9.57%)
Closing
Sensex- closed at 19,781.19(-113.79 Points & -0.57%)
Nifty- closed at 5,998.90(-35.85 Points & -0.59%)
CNX Midcap - closed at 8,357.45(-6.25 Points & -0.07%)
CNX Smallcap- closed at 3,642.80(3.85 Points & 0.11%)
Nifty Spot-Levels & Trading Strategy for 04-02-2013
R3 6108
R2 6080
R1 6039
Avg 6011
S1 5970
S2 5942
S3 5901
Nifty Spot-Trading Strategy
H6 6067 Trgt 2
H5 6051 Trgt 1
H4 6035 Long breakout
H3 6016 Go Short
H2 6010
H1 6004
L1 5991
L2 5985
L3 5979 Long
L4 5960 Short Breakout
L5 5944 Trgt 1
L6 5928 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 04-02-2013
R3 6119
R2 6098
R1 6067
Avg 6046
S1 6015
S2 5994
S3 5963
Nifty(Feb Fut)-Trading Strategy
H6 6088 Trgt 2
H5 6076 Trgt 1
H4 6064 Long breakout
H3 6050 Go Short
H2 6045
H1 6040
L1 6031
L2 6026
L3 6021 Long
L4 6007 Short Breakout
L5 5995 Trgt 1
L6 5983 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 04-02-2013
R3 12937
R2 12873
R1 12778
Avg 12714
S1 12619
S2 12555
S3 12460
Bank Nifty(Feb Fut)-Trading Strategy
H6 12843 Trgt 2
H5 12807 Trgt 1
H4 12771 Long breakout
H3 12727 Go Short
H2 12713
H1 12698
L1 12669
L2 12654
L3 12640 Long
L4 12596 Short Breakout
L5 12560 Trgt 1
L6 12524 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Feb 04 to Feb 08,2013)
R3 6208
R2 6160
R1 6079
Avg 6031
S1 5950
S2 5902
S3 5821
Nifty Spot-Weekly Trading Strategy
H6 6127 Trgt 2
H5 6098 Trgt 1
H4 6068 Long breakout
H3 6033 Go Short
H2 6021
H1 6009
L1 5986
L2 5974
L3 5962 Long
L4 5927 Short Breakout
L5 5897 Trgt 1
L6 5868 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Feb 04 to Feb 08,2013)
R3 13232
R2 13096
R1 12851
Avg 12715
S1 12470
S2 12334
S3 12089
Bank Nifty Spot-Weekly Trading Strategy
H6 12987 Trgt 2
H5 12901 Trgt 1
H4 12815 Long breakout
H3 12710 Go Short
H2 12675
H1 12640
L1 12571
L2 12536
L3 12501 Long
L4 12396 Short Breakout
L5 12310 Trgt 1
L6 12224 Trgt 2
Mid-session Outlook(01-02-2013)
Following projections were done at 10:18 AM today when Indian markets were trading near today intraday higher levels:-
1- down move
2- trading between next support range(6000-6033) possibilities
Nifty is trading between above mentioned range for the last more than 2 hours after slipping from intraday higher levels and more down moves are expected below 6000 in next week.
1- down move
2- trading between next support range(6000-6033) possibilities
Nifty is trading between above mentioned range for the last more than 2 hours after slipping from intraday higher levels and more down moves are expected below 6000 in next week.
Post-open Outlook(01-02-2013)
As selling between 6050-6056 yesterday after good selling above it up to 6100 in previous sessions therefore down moves and trading between next support range(6000-6033) possibilities are alive. Follow up selling today will mean breaking down development possibility of mentioned support range. Lot of resistances above 6050 and complete consolidation is required for any sustained move above 6050/6100.
FII & DII trading activity in Capital Market Segment on 31-Jan-2013
| ||||||||||||||||
| ||||||||||||||||
Indian Stock Markets Closing Reports(31-Jan-2013)
Main features of today trading are as follows
1- Benchmark Indices closed in Red.
2- CNX Midcap and CNX Smallcap closed positive with more than half pct up.
3- Black Candle formation.
Ratios
Index Options Put Call Ratio: 0.99
Total Options Put Call Ratio: 0.94
Nifty P/E Ratio(31-Jan-2013): 18.20
Advances & Declines
BSE Advances : 1,355
BSE Declines : 1,459
NSE Advances : 692
NSE Declines : 812
Nifty Open Interest Changed Today
Nifty- 5700 CE(Feb)- 144,500(77.13%)
Nifty- 5700 PE(Feb)- 1,716,250(140.63%)
Nifty- 5800 CE(Feb)- -48,700(-9.73%)
Nifty- 5800 PE(Feb)- 622,400(23.51%)
Nifty- 5900 CE(Feb)- 10,850(1.38%)
Nifty- 5900 PE(Feb)- 54,250(15.09%)
Nifty- 6000 CE(Feb)- 191,100(13.98%)
Nifty- 6000 PE(Feb)- 460,800(15.35%)
Nifty- 6100 CE(Feb)- 620,550(24.35%)
Nifty- 6100 PE(Feb)- 264,550(15.46%)
Closing
Sensex- closed at 19,894.98(-110.02 Points & -0.55%)
Nifty- closed at 6,034.75(-21.00 Points & -0.35%)
CNX Midcap - closed at 8,363.70(59.80 Points & 0.72%)
CNX Smallcap- closed at 3,638.95(18.80 Points & 0.52%)
Nifty Spot-Levels & Trading Strategy for 01-02-2013
R3 6086
R2 6072
R1 6053
Avg 6039
S1 6020
S2 6006
S3 5987
Nifty Spot-Trading Strategy
H6 6067 Trgt 2
H5 6059 Trgt 1
H4 6052 Long breakout
H3 6043 Go Short
H2 6040
H1 6037
L1 6030
L2 6027
L3 6024 Long
L4 6015 Short Breakout
L5 6008 Trgt 1
L6 6000 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 01-02-2013
R3 6138
R2 6121
R1 6094
Avg 6077
S1 6050
S2 6033
S3 6006
Nifty(Feb Fut)-Trading Strategy
H6 6111 Trgt 2
H5 6101 Trgt 1
H4 6091 Long breakout
H3 6079 Go Short
H2 6075
H1 6071
L1 6062
L2 6058
L3 6054 Long
L4 6042 Short Breakout
L5 6032 Trgt 1
L6 6022 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 01-02-2013
R3 13044
R2 12981
R1 12878
Avg 12815
S1 12712
S2 12649
Bank Nifty(Feb Fut)-Trading Strategy
H6 12941 Trgt 2
H5 12903 Trgt 1
H4 12866 Long breakout
H3 12820 Go Short
H2 12805
H1 12790
L1 12759
L2 12744
L3 12729 Long
L4 12683 Short Breakout
L5 12646 Trgt 1
L6 12608 Trgt 2
Subscribe to:
Posts (Atom)