Technical Analysis and Market Outlook(21-02-2013)

Nifty-Intra Day Chart (20-Feb-2013):-

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Technical Patterns and Formations in today intraday charts

1- Selling patterns between 5956-5960
2- Selling patterns between 5950-5955
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 5938-5960 

Conclusions from intra day chart analysis 

Whole day down moves in Bullish falling channel but higher levels intraday selling patterns formations also therefore mixed intraday patterns within 22 points narrow range trading and more preparations are required in the coming sessions for next trend formations.

58 Sessions trading between 5823-6111 with lower levels good Supports but higher levels multiple strong resistances also and expected that Nifty will remain range bound within this range and will prepare for post Budget decisive trend. Although sentiment is weak because no signals of Pre Budget rally but it does not mean that rally will not be seen after Budget. Possibility of strong rally after Budget is very much alive and we expect it also after consolidations in the coming sessions.

Immediate Supports and Resistances are as follows:-

1-Supports- 5854-5900
2-Supports- 5960-5985

Expected that Nifty will firstly trade and prepare for next trend between 5900-5960 and valid break of this range will be 1st and strong indication of post Budget trend

FII Trading Data in Derivatives Segment on 20-Feb-2013

FII & DII trading activity in Capital Market Segment on 20-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 20-Feb-2013 3129.51 2695.92 433.59

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 20-Feb-2013 597.13 1188.31 -591.18

Nifty Spot-Levels & Trading Strategy for 21-02-2013

Nifty Spot-Levels

R3 5901
R2 5922
R1 5929
Avg 5950
S1 5957
S2 5978
S3 5985

Nifty Spot-Trading Strategy

H6 5909    Trgt 2
H5 5915     Trgt 1
H4 5921     Long breakout
H3 5929     Go Short
H2 5931
H1 5934
L1 5939
L2 5942
L3 5944     Long
L4 5952     Short Breakout
L5 5958     Trgt 1
L6 5964     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 21-02-2013

Nifty(Feb Fut)-Levels

R3 6001
R2 5987
R1 5975
Avg 5961
S1 5949
S2 5935
S3 5923

Nifty(Feb Fut)-Trading Strategy

H6 5989     Trgt 2
H5 5983     Trgt 1
H4 5977     Long breakout
H3 5970     Go Short
H2 5967
H1 5965
L1 5960
L2 5958
L3 5955     Long
L4 5948     Short Breakout
L5 5942     Trgt 1
L6 5936     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 21-02-2013

Bank Nifty(Feb Fut)-Levels

R3 12560

R2 12526

R1 12469

Avg 12435

S1 12378

S2 12344

S3 12287

Bank Nifty(Feb Fut)-Trading Strategy

H6 12503     Trgt 2 

H5 12482     Trgt 1

H4 12462     Long breakout 

H3 12437     Go Short 

H2 12428

H1 12420

L1 12403

L2 12395

L3 12386     Long 

L4 12361     Short Breakout 

L5 12341     Trgt 1 

L6 12320     Trgt 2

GOLD-Apr Fut-1st Intraday/Positional Buying of 20-02-2013-Covering

GOLD-Apr Fut-1st Intraday/Positional-Bought on 20-02-2013-Cover immediately(We shall buy again at lower rates to recover this loss)-CMP-29694(Lalit39)

GOLD-Apr Fut-Buying Trade

GOLD-Apr Fut-Buy-Intraday/Positional-SL-29694 & TGT-29874-CMP-29753(Lalit39)

Pre-Closing Outlook(20-02-2013)

Whole day most time trading between 5938-5960 with consolidation indications but higher levels selling formations also and in this manner mixed intraday formation today. As no clear intraday patterns formations in 22 points trading range therefore will be better to wait for today range valid break out for those next moves which have already been updated in previous Outlook today.

Mid-session Outlook(20-02-2013)

Following conclusive line was told in Technical Analysis and Market Outlook(20-02-2013):-

Next resistance is between 5960-5985 and sustaining above it must for today started up moves continuation confirmations.

Although Nifty opened above 5960 but sliipped below it within first 3 minutes and since then trading between 5941-5960. It is clear that Nifty is trading just below next resistance and follow up intraday positions today will pave the way of following next moves:-

1- Follow up consolidation will mean up moves above 5985 after more consolidations between 5960-5985. 
2- Follow up selling will mean strengthening of above mentioned next resistance and down moves toward next supports below 5900.

Although continuous slipping after positive opening today but it may be correction of yesterday strong up moves also and next moves preparation will be seen between 5900-5960 therefore this range valid break out will be next trend confirmation.

As emergence of consolidation indications today therefore yesterday started rally continuation hopes are still alive but after complete consolidations in the coming sessions.

Technical Analysis and Market Outlook(20-02-2013)

Nifty-Intra Day Chart (19-Feb-2013):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 5883-5900
2- Strong up moves in last 1 hour.
3- Whole day actual trading between 5883-5946

Conclusions from intra day chart analysis 

Although strong up moves in last 1 hour today but when Nifty was trading near lower levels then consolidation patterns formation was told at 01:41:00 PM and following lines were told in Mid-session Outlook(19-02-2013):-

1- Although slipping from higher levels today but not showing as such selling formations and emergence of consolidation patterns formation also
2- at present view is not Bearish despite slipping from higher levels.

Although strong up moves in last 1 hour today after lower levels consolodation between 5854-5900 in last 3 sessions but following lines were told on 09-02-2013 in Pre-Budget Rally after Correction Completion:-

"As strong supports(5823)are lying near 50 %(5829) retracement levels therefore high possibility of correction completion and up moves beginning from near about these levels"

9 Sessions highest closing today with lower levels good consolidations therefore up moves continuation possibility but complete follow up consolidation is required for sustaining above multiple resistances up to 6111. Next resistance is between 5960-5985 and sustaining above it must for today started up moves continuation confirmations.

FII Trading Data in Derivatives Segment on 19-Feb-2013

Nifty Spot-Levels & Trading Strategy for 20-02-2013

Nifty Spot-Levels

R3 6027
R2 5987
R1 5963
Avg 5923
S1 5899
S2 5859
S3 5835

Nifty Spot-Trading Strategy

H6 6003     Trgt 2
H5 5988     Trgt 1
H4 5974     Long breakout
H3 5956     Go Short
H2 5950
H1 5944
L1 5933
L2 5927
L3 5921     Long
L4 5903     Short Breakout
L5 5889     Trgt 1
L6 5874     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 20-02-2013

Nifty(Feb Fut)-Levels

R3 6053
R2 6007
R1 5980
Avg 5934
S1 5907
S2 5861
S3 5834

Nifty(Feb Fut)-Trading Strategy

H6 6026     Trgt 2
H5 6009     Trgt 1
H4 5993     Long breakout
H3 5973     Go Short
H2 5966
H1 5959
L1 5946
L2 5939
L3 5932     Long
L4 5912     Short Breakout
L5 5896     Trgt 1
L6 5879     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 20-02-2013

Bank Nifty(Feb Fut)-Levels

R3 12632
R2 12548
R1 12498
Avg 12414
S1 12364
S2 12280
S3 12230

Bank Nifty(Feb Fut)-Trading Strategy

H6 12583     Trgt 2
H5 12552     Trgt 1
H4 12521     Long breakout
H3 12484     Go Short
H2 12472
H1 12460
L1 12435
L2 12423
L3 12411     Long
L4 12374     Short Breakout
L5 12343     Trgt 1
L6 12312     Trgt 2

FII & DII trading activity in Capital Market Segment on 19-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 19-Feb-2013 1641.18 1822.75 -181.57

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 19-Feb-2013 510.75 486.08 24.67

CRUDEOIL-Mar Fut- Intraday/Positional Buying of 19-02-2013-Covering

CRUDEOIL-Mar Fut-1st Intraday/Positional-Bought on 19-02-2013-Cover and book small profit immediately-CMP-5240(Lalit39)

CRUDEOIL-Mar Fut-Buying Trade

CRUDEOIL-Mar Fut-BUY-Intraday/Positional-SL-5204 & TGT-5264-CMP-5228(Lalit39)

Pre-Closing Outlook(19-02-2013)

When Indian markets were in Red and trading near lower levels then following lines were told in Mid-session Outlook(19-02-2013):-

1- Although slipping from higher levels today but not showing as such selling formations and emergence of consolidation patterns formation also
2- at present view is not Bearish despite slipping from higher levels.

As higher levels were selling was seen in previous 2 sessions therefore sustaining above 5911 will be next up trend confirmation and its possibility turned higher also.

Mid-session Outlook(19-02-2013)

Following lines were told yesterday in Technical Analysis and Market Outlook(19-02-2013)

1- emergence of more down moves possibilities.
2- Previous 2 sessions trading between 5854-5911 with lower levels consolidations and higher levels selling therefore firstly trading will be seen between this range tomorrow

Most time negative zone trading within above mentioned range in first 4 hours trading with more than quarter pct down moves and have proved accuracy of our above predictions.

Although slipping from higher levels today but not showing as such selling formations and emergence of consolidation patterns formarion also therefore policy of wait and watch for confirmations.

Let some more confirmatory signals develop then will be updated accordingly and at present view is not Bearish despite slipping from higher levels.

Valid break out of 5854-5911 should be firstly watched for next moves confirmations.

Technical Analysis and Market Outlook(19-02-2013)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 5903-5911
2- All intraday Up mooves in Bearish Rising Wedge formation.
3- Whole day actual trading between 5881-5911

Conclusions from intra day chart analysis 

Following conclusive lines were told yesterday in Firstly Sideways market before Blasting moves:-

Firstly sideways quiet market preparation before Blasting moves after Union Budget-2013

As was told yesterday same happened today and Whole day narrow range quiet trading was seen between 30 points with more than first 5 hours slow up moves with  Bearish Rising Wedge formation and after that slipping from intraday higher levels. As down moves from intraday higher levels on 15-02-2013 after Bearish Rising Wedge formation and today again higher levels selling therefore emergence of more down moves possibilities. Although Nifty got support between 5854-5872 on 15-02-2013 but follow up selling just above it in previous 2 sessions therefore more down moves can not be ruled out.

Previous 2 sessions trading between 5854-5911 with lower levels consolidations and higher levels selling therefore firstly trading will be seen between this range tomorrow and this range valid break out should be firstly watched now for next moves confirmations.