Nifty(Feb Fut)-Levels & Trading Strategy for 07-02-2013

Nifty(Feb Fut)-Levels

R3 6015

R2 6004

R1 5988

Avg 5977

S1 5961

S2 5950

S3 5934

Nifty(Feb Fut)-Trading Strategy

H6 5999     Trgt 2 

H5 5992     Trgt 1

H4 5986     Long breakout 

H3 5979     Go Short 

H2 5976

H1 5974

L1 5969

L2 5967

L3 5964     Long 

L4 5957     Short Breakout 

L5 5951     Trgt 1 

L6 5944     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 07-02-2013

Bank Nifty(Feb Fut)-Levels

R3 12665

R2 12619

R1 12543

Avg 12497

S1 12421

S2 12375

S3 12299

Bank Nifty(Feb Fut)-Trading Strategy

H6 12589     Trgt 2 

H5 12561     Trgt 1

H4 12534     Long breakout 

H3 12500     Go Short 

H2 12489

H1 12478

L1 12455

L2 12444

L3 12433     Long 

L4 12399     Short Breakout 

L5 12372     Trgt 1 

L6 12344     Trgt 2

Pre-Closing Outlook(06-02-2013)

Whole day narrow range 27 points trading between 5957-5984 with some intraday consolidation patterns formations therefore short term up moves expectations turned alive today despite higher levels selling patterns formations and market is going to close near lower levels also. 

Valid break out of 5940-5984 should also be watched now for next trend confirmations.

Mid-session Outlook(06-02-2013)

Indian markets under performed Global cues today,slipped from higher levels,intraday lowest broken down and now trading between yesterday trading range but today intraday charts are showing consolidation patterns also after some higher levels selling between 5978-5984. More follow up preparations are required for any side decisive moves and 5940-5985 should be watched now for those next trend confirmation which have already been updated in previous Outlook.

Post-open Outlook(06-02-2013)

Positive global cues led gap up opening but not sustaining at higher levels and immediate slipping today. Rally started after consolidation between 5940-5970 in mid-Jan-2013 and Nifty traded between 5948-5970 yesterday with lower levels consolidations and good intraday supports between 5948-5960 yesterday,follow up moves today will decide the fate of this support range. As good selling in previous 14 sessions at higher levels therefore complete consolidation is required for any decisive up move above 6000 and it will be decided today through follow up consolidations/distribution today.

Next trend deciding range is 5940-5970 and valid break out of this range should be firstly watched now for:-

1- Correction continuation toward 5823 or
2- Up moves after correction completion toward 6111/6239//6331

Blog will be updated during trading hours today

Mid-session Outlook-2(05-02-2013)

Although all the Global markets were down and some were in deep Red as well as gap down opening was seen in Indian markets also but we were not bearish and gave previous consolidation range(5940-5970) for next moves confirmations. As lower levels supports and consolidations patterns indications also today therefore until Nifty will not sustain below 5940 till then immediate down moves will not be considered. 

Only first signal of correction completion today and complete follow up consolidation is required for valid break out and moves above 5970 as well as reentering into previous 14 sessions range(5989-6111).

Mid-session Outlook(05-02-2013)

Rally was started after consolidation between 5940-5970 in mid-Jan-2013 and Nifty is trading between 5948-5970 since opening today. Follow up technical positions within this range and its valid break out(5940-5970) will be those next moves confirmations which have already been updated in previous Outlook today.

Post-open Outlook(05-02-2013)

Next support is at 5943,minimum 5950 was expected and market achieved its first target after lowest formation at 5,947.90 today. Follow up technical positions today will give indications of following next moves:-

1- After follow up selling correction continuation toward 5823 or
2- Up moves after consolidation and correction completion between 5950-6000

Let market prepare and intraday charts start formations then will be updated according to intraday charts patterns formations. 

Although some Asian markets are more than 1.5% down but Indian markets are 0.50% down therefore outperforming and sustaining beyond 5950 should be firstly watched today for above mentioned next moves confirmations.

NIFTY-Feb Put Option(5900)-Positional BUYing of 04-02-2013-Covering

NIFTY-Feb Put Option(5900)-Positional Bought on 04-02-2013-Premium not increasing,Cover and book profit immediately-CMP-48(Lalit39)

NIFTY-Feb Put Option(5900)-Positional buying of 04-02-2013-Message

NIFTY-Feb Put Option(5900)-Positional Bought on 04-02-2013-Global markets are down.Hold and cover after my covering message(Lalit39)

Correction after 14 Sessions range broken down Confirmation

Nifty-Intra Day Chart (04-Feb-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6015-6032
3- Whole day actual trading between 5982-6032 

Conclusions from intra day chart analysis 

As intraday selling today therefore following lines were told in Mid-session Outlooks today:-

1- At 11:39 AM in Mid-session Outlook:-"intraday selling confirmation at higher levels today" 
2- At 01:31 PM in Mid-session Outlook-3:-"more down moves confirmations below 6000 and possibility of 5950 as well" 
2- At 03:22 PM in Pre-Closing Outlook:-"high possibility of more down moves toward next supports near 5950"

14 Previous sessions actual trading between 5989-6111 with good selling between 6050-6111 and again follow up selling today between previous support range(5989-6033) therefore supports weakened and broken down as well. As 14 sessions range broken down after selling between support range therefore expected that deeper correction will be seen and following supports may also be tested in the coming sessions:- 

1- 5941
2- 5823

Sub-Wave-5 started from 5548 and completed at 6111 therefore its following Fibonacci retracement levels testing possibility should also be kept in mind:-

38.2%- 5895
50.0%- 5829
61.8%- 5763

Expected Picture of on going correction

Sub-Wave-3 of Sub-Wave-5 correction was expected and will be seen also in the coming sessions but strong supports are just above 5548 therefore will not be easily broken and expected that on going correction will complete near about above mentioned levels. As supports(5823)are lying near 50 %(5829) retracement levels therefore correction completion and up moves beginning from near about these levels will be considered if intraday charts will start to show consolidations there. Some up moves after on going correction completion and finally much deeper correction beginning is expected near about Union Budget-2013 from 6111/6239//6331.  

FII & DII trading activity in Capital Market Segment on 04-Feb-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Feb-2013 3489.13 2632.19 856.94

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Feb-2013 746.78 1339.11 -592.33

FII Trading Data in Derivatives Segment on 04-Feb-2013

Indian Stock Markets Closing Reports(04-Feb-2013)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.

2- Down moves after good selling.

3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.86

Total Options Put Call Ratio: 0.82

Nifty P/E Ratio(04-Feb-2013): 18.00

Advances & Declines

BSE Advances : 1,178

BSE Declines : 1,712 

NSE Advances :   538

NSE Declines :   973

Nifty Open Interest Changed Today

Nifty- 5700  CE(Feb)- -5,400(-1.58%)

Nifty- 5700  PE(Feb)- 82,150(1.81%)

Nifty- 5800  CE(Feb)- 33,800(8.64%)

Nifty- 5800  PE(Feb)- 644,350(18.16%)

Nifty- 5900  CE(Feb)- 94,000(14.01%)

Nifty- 5900  PE(Feb)- 951,200(29.62%)

Nifty- 6000  CE(Feb)- 1,036,450(52.62%)

Nifty- 6000  PE(Feb)- 356,750(8.12%)

Nifty- 6100  CE(Feb)- 805,100(17.90%)

Nifty- 6100  PE(Feb)- -157,200(-7.26%)

Closing 

Sensex- closed at 19,751.19(-30.00 Points & -0.15%)

Nifty- closed at 5,987.25(-11.65 Points & -0.19%)

CNX Midcap - closed at 8,287.35(-70.10 Points & -0.84%)

CNX Smallcap- closed at 3,603.25(-39.55 Points & -1.09%)

Nifty Spot-Levels & Trading Strategy for 05-02-2013

Nifty Spot-Levels

R3 6080

R2 6059

R1 6023

Avg 6002

S1 5966

S2 5945

S3 5909

Nifty Spot-Trading Strategy

H6 6044     Trgt 2 

H5 6031     Trgt 1

H4 6018     Long breakout 

H3 6002     Go Short 

H2 5997

H1 5992

L1 5981

L2 5976

L3 5971     Long 

L4 5955     Short Breakout 

L5 5942     Trgt 1 

L6 5929     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 05-02-2013

Nifty(Feb Fut)-Levels

R3 6115

R2 6089

R1 6042

Avg 6016

S1 5969

S2 5943

S3 5896

Nifty(Feb Fut)-Trading Strategy

H6 6069     Trgt 2 

H5 6052     Trgt 1

H4 6036     Long breakout 

H3 6016     Go Short 

H2 6009

H1 6002

L1 5989

L2 5982

L3 5975     Long 

L4 5955     Short Breakout 

L5 5939     Trgt 1 

L6 5922     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 05-02-2013

Bank Nifty(Feb Fut)-Levels

R3 12923
R2 12844
R1 12714
Avg 12635
S1 12505
S2 12426
S3 12296

Bank Nifty(Feb Fut)-Trading Strategy

H6 12793     Trgt 2
H5 12746     Trgt 1
H4 12698     Long breakout
H3 12641     Go Short
H2 12622
H1 12603
L1 12564
L2 12545
L3 12526     Long
L4 12469     Short Breakout
L5 12421     Trgt 1
L6 12374     Trgt 2

NIFTY-Feb Put Option-Buying Trade

NIFTY-Feb Put Option(5900)-Buy-Positional-SL-24-TGT-64-CMP-42Lalit39)

Pre-Closing Outlook(04-02-2013)

Previous support was between 5989-6033 and it was broken down today after intraday selling between this range therefore high possibility of more down moves toward next supports near 5950.

Mid-session Outlook-3(04-02-2013)

Lower intraday top formation,with this more down moves confirmations below 6000 and possibility of 5950 as well.