Indian Stock Markets Closing Reports(07-Feb-2013)

Main features of today trading are as follows

1- All the Indices closed in Red except CNX IT and CNX AUTO.
2- Slipping after weaker GDP data.
3- Inverted Hammer/Gravestone Doji Bullish formation.

Ratios

Index Options Put Call Ratio: 0.91
Total Options Put Call Ratio: 0.86
Nifty P/E Ratio(07-Feb-2013):17.85

Advances & Declines

BSE Advances :   966
BSE Declines : 1,868
NSE Advances :   445
NSE Declines : 1,043

Nifty Open Interest Changed Today

Nifty- 5700  CE(Feb)- -12,300(-3.91%)
Nifty- 5700  PE(Feb)-  226,050(3.79%)

Nifty- 5800  CE(Feb)- 53,200(11.48%)
Nifty- 5800  PE(Feb)- 873,700(18.87%)

Nifty- 5900  CE(Feb)- 210,500(15.20%)
Nifty- 5900  PE(Feb)- 918,550(17.19%)

Nifty- 6000  CE(Feb)- 707,150(17.51%)
Nifty- 6000  PE(Feb)- 103,250(2.47%)

Nifty- 6100  CE(Feb)- 1,056,850(16.51%)
Nifty- 6100  PE(Feb)- -113,850(-6.17%)

Closing 

Sensex- closed at 19,580.32(-59.40 Points & -0.30%)
Nifty- closed at 5,938.80(-20.40 Points & -0.34%)
CNX Midcap - closed at 8,171.80(-66.45 Points & -0.81%)
CNX Smallcap- closed at 3,534.80(-44.80 Points & -1.25%)

Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2013

Nifty(Feb Fut)-Levels

R3 6040
R2 6016
R1 5988
Avg 5964
S1 5936
S2 5912
S3 5884

Nifty(Feb Fut)-Trading Strategy

H6 6013     Trgt 2
H5 6001     Trgt 1
H4 5989     Long breakout
H3 5975     Go Short
H2 5970
H1 5965
L1 5956
L2 5951
L3 5946     Long
L4 5932     Short Breakout
L5 5920     Trgt 1
L6 5908     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2013

Nifty(Feb Fut)-Levels

R3 6040

R2 6016

R1 5988

Avg 5964

S1 5936

S2 5912

S3 5884

Nifty(Feb Fut)-Trading Strategy

H6 6013     Trgt 2 

H5 6001     Trgt 1

H4 5989     Long breakout 

H3 5975     Go Short 

H2 5970

H1 5965

L1 5956

L2 5951

L3 5946     Long 

L4 5932     Short Breakout 

L5 5920     Trgt 1 

L6 5908     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2013

Bank Nifty(Feb Fut)-Levels

R3 12680

R2 12606

R1 12512

Avg 12438

S1 12344

S2 12270

S3 12176

Bank Nifty(Feb Fut)-Trading Strategy

H6 12586     Trgt 2 

H5 12548     Trgt 1

H4 12510     Long breakout 

H3 12464     Go Short 

H2 12448

H1 12433

L1 12402

L2 12387

L3 12371     Long 

L4 12325     Short Breakout 

L5 12287     Trgt 1 

L6 12249     Trgt 2

NIFTY-Feb Call Option-Buying Trade

NIFTY-Feb Call Option(6000)-Positional-SL-34-TGT-78-CMP-56(Lalit39)

Pre-Closing Outlook(07-02-2013)

Although down moves after weaker GDP data and now again slipped below 5941 but today down moves are without required force and in Bullish Falling Channel also therefore view is not bearish despite trading below 5941. Sustaining below today lows will be watched tomorrow for next down moves confirmations because lower levels supports seen today. 

Mid-session Outlook(07-02-2013)

Although sharp fall in CNX MIDCAP,CNX SMALLCAP and Nifty is trading below 5941 after loosing all intraday gains but negative news led down moves therefore view will be Bearish after sustaining below 5941 for next down moves toward 55823.

FY 13 GDP Growth forecast at 5%

As GDP below expectations therefore sentiment dampened and market slipped from intraday higher levels. Although all the positive and negative impact will be discounted within 5941-5984 and its valid break out will give next moves confirmation but down moves after GDP News are not forceful therefore view has not turned Bearish yet.

Post-open Outlook-3(07-02-2013)

As intraday charts showed consolidation patterns also despite higher levels selling and closing at lowest of the day yesterday therefore Indian markets are up while most Asian markets are in Red today. 

We did not posted Bearish views yesterday and told for valid break out of 5941-5984 for next trend confirmation. As good recovery from lower levels today therefore sustaining above 5984 should be firstly watched now for correction completion and Short term up moves confirmation.

Post-open Outlook-2(07-02-2013)

Indian markets out performed global cues today and now almost flat after recovering from lower levels while CNX MIDCAP and CNX SMALLCAP are 0.41% and 0.06% up respectively. Now expected that Nifty will firstly trade between 5941-5984 but resistances are at higher levels within this range and follow up consolidation is required for next up trend.

valid break out of 5941-5984 should be firstly watched today for next trend confirmation.

Post-open Outlook(07-02-2013)

As Asian markets are in Red therefore weak opening and Nifty is hovering around crucial support(5941). Firstly sustaining around 5941 should be watched today for those next moves which have already been discussed in previous Outlooks. 

Next Trend Decider 5941-5984

Nifty-Intra Day Chart (Feb 05 & Feb 06,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Consolidations and good intraday supports between 5948-5960 on 06-02-2013
2- Selling between 5978-5984 on 07-02-2013
3- Follow up selling between 5967-5972 on 07-02-2013
4- 7 Times down moves in Bullish falling Channel in both days.
5- 2 Sessions actual trading between 5948-5984

Conclusions from 2 Sessions intra day chart analysis 

Indian markets ignored Global cues in both previous sessions and traded in following manner:-

1- on 06-02-2013- When all the Global markets were in deep Red and Asian markets were more than 1.5% down then Indian markets were only 0.50% down and in this manner out performed. Nifty got support and consolidated at lower levels between 5948-5960. 
2- on 07-02-2013- When all the Global markets were in Green,all Asian markets were were positive and Nikkei 225 closed 3.77% up then Indian markets closed flat after loosing all intraday gains and in this manner under performed. Firstly higher levels selling and after that follow up selling also seen before closing at lower levels of the day.

Rally started after consolidation between 5941-5970 in mid-Jan-2013 and supports was seen within this range yesterday. Although selling also seen above this range today but down moves were in Bullish falling Channel in both days therefore emergence of intraday consolidation patterns also and development of Short term up moves expectations as well. 

Nifty traded most time between 6000-6100 in previous 14 sessions and this range broken down but support also emerged above next support(5941) yesterday and selling also seen today.  As completely mixed intraday patterns in both previous sessions therefore valid break out of 5941-5984 should be firstly watched tomorrow for:-

1- Down moves toward 5823 below 5941.
2- Reentering into previous 14 sessions range(6000-6100) above 5984.

FII & DII trading activity in Capital Market Segment on 06-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 06-Feb-2013 4047.23 2909.27 1137.96

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Feb-2013 800.41 2024.48 -1224.07

Indian Stock Markets Closing Reports(06-Feb-2013)

Main features of today trading are as follows

1- Benchmark Indices closed flat.
2- Closing at lower levels after slipping from higher levels.
3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.83
Total Options Put Call Ratio: 0.78
Nifty P/E Ratio(06-Feb-2013): 17.92

Advances & Declines

BSE Advances : 1,465
BSE Declines : 1,378
NSE Advances :   771
NSE Declines :   710

Nifty Open Interest Changed Today

Nifty- 5700  CE(Feb)- -3,050(-0.96%)
Nifty- 5700  PE(Feb)-  717,650(13.70%)

Nifty- 5800  CE(Feb)-  10,650(2.35%)
Nifty- 5800  PE(Feb)-  330,600(7.67%)

Nifty- 5900  CE(Feb)-  298,600(28.05%)
Nifty- 5900  PE(Feb)-  377,100(7.34%)

Nifty- 6000  CE(Feb)-  474,650(13.01%)
Nifty- 6000  PE(Feb)-  28,350(0.68%)

Nifty- 6100  CE(Feb)-  803,650(13.66%)
Nifty- 6100  PE(Feb)-  13,700(0.75%)

Closing 

Sensex- closed at 19,639.72(-20.10 Points & -0.10%)
Nifty- closed at 5,959.20(2.30 Points & 0.04%)
CNX Midcap - closed at 8,238.25(8.35 Points & 0.10%)
CNX Smallcap- closed at 3,579.60(0.00 Points & 0.00%)

Nifty Spot-Levels & Trading Strategy for 07-02-2013

Nifty Spot-Levels

R3 6018

R2 6004

R1 5981

Avg 5967

S1 5944

S2 5930

S3 5907

Nifty Spot-Trading Strategy

H6 5996     Trgt 2 

H5 5987     Trgt 1

H4 5979     Long breakout 

H3 5969     Go Short 

H2 5965

H1 5962

L1 5955

L2 5952

L3 5948     Long 

L4 5938     Short Breakout 

L5 5930     Trgt 1 

L6 5921     Trgt 2

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