Post-open Outlook(25-04-2013)

As good supports at lower levels in both previous sessions with Bullish pattern formations on 23-04-2013 also therefore rally continuation expectation was updated on 24-04-2013 in Technical Analysis and Market Outlook(25-04-2013) and it was seen also through strong gap up opening today.  Most negative news flows today and that has also been updated in previous Outlook therefore  view is cautious. Confirmations are firstly required now through sustaining above 5844 and it should be firstly watched despite trading at much higher level at 5888 at this moment.

Pre-open Outlook(25-04-2013)

As following negative news flow also therefore next moves confirmations is firstly required today through valid break out of previous 2 sessions range(5790-5844):-

1- Border tension escalation with China.
2- JPC report on Coal scam
3- Parliament adjournment possibility on the the demand of Prime Minister resignation.

Technical Analysis and Market Outlook(25-04-2013)

Nifty-Intra Day Chart (Apr 22 and Apr 23,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 5820-5833 on 22-04-2013
2- Support between 5795-5810 in both sessions.
3- Bearish Rising Wedge formations in last hour on 22-04-2013
4- Bullish Falling channel formations on 23-04-2013 
5- 2 Sessions actual trading between 5790-5844.

Conclusions from 2 Sessions intra day chart analysis 

Although some higher levels selling and Bearish Rising Wedge formations on 22-04-2013 but good supports at lower levels in both sessions and Bullish Falling channel formations on 23-04-2013 also therefore no threat to on going up trend and rally continuation is expected in the coming session. 

FII & DII trading activity in Capital Market Segment on 23-Apr-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 23-Apr-2013 2375.76 2149.55 226.21

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Apr-2013 587.25 1115.54 -528.29

FII Trading Data in Derivatives Segment on 23-Apr-2013

Indian Stock Markets Closing Reports(23-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.31
Total Options Put Call Ratio: 1.23
Nifty P/E Ratio(23-Apr-2013): 17.42

Advances & Declines

BSE Advances : 1,124
BSE Declines : 1,238
NSE Advances :   648
NSE Declines :   675

Nifty Open Interest Changed Today

Nifty- 5600  CE(Apr)- -597,600(-27.47%)
Nifty- 5600  PE(Apr)- -1,043,600(-10.72%)

Nifty- 5700  CE(Apr)- -561,600(-19.31%)
Nifty- 5700  PE(Apr)-  166,500(2.33%)

Nifty- 5800  CE(Apr)- -882,750(-14.08%)
Nifty- 5800  PE(Apr)-  510,650(9.03%)

Nifty- 5900  CE(Apr)- 383,450(5.00%)
Nifty- 5900  PE(Apr)- 334,550(27.81%)

Closing 

Sensex- closed at 19,179.36(9.53 Points & 0.05%)
Nifty- closed at 5,836.90(2.50 Points & 0.04%)
CNX Midcap - closed at 7,734.55(-30.25 Points & -0.39%)
CNX Smallcap- closed at 3,251.05(6.90 Points & 0.21%)

Nifty Spot-Levels & Trading Strategy for 25-04-2013

Nifty Spot-Levels

R3 5909
R2 5876
R1 5856
Avg 5823
S1 5803
S2 5770
S3 5750

Nifty Spot-Trading Strategy

H6 5889     Trgt 2
H5 5877     Trgt 1
H4 5865     Long breakout
H3 5850     Go Short
H2 5845
H1 5840
L1 5831
L2 5826
L3 5821     Long
L4 5806     Short Breakout
L5 5794     Trgt 1
L6 5782     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2013

Nifty(Apr Fut)-Levels

R3 5922
R2 5887
R1 5865
Avg 5830
S1 5808
S2 5773
S3 5751

Nifty(Apr Fut)-Trading Strategy

H6 5900     Trgt 2
H5 5887     Trgt 1
H4 5874     Long breakout
H3 5858     Go Short
H2 5853
H1 5848
L1 5837
L2 5832
L3 5827     Long
L4 5811     Short Breakout
L5 5798     Trgt 1
L6 5785     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2013

Bank Nifty(Apr Fut)-Levels

R3 12940
R2 12779
R1 12666
Avg 12505
S1 12392
S2 12231
S3 12118

Bank Nifty(Apr Fut)-Trading Strategy

H6 12831     Trgt 2
H5 12767     Trgt 1
H4 12703     Long breakout
H3 12628     Go Short
H2 12603
H1 12578
L1 12527
L2 12502
L3 12477     Long
L4 12402     Short Breakout
L5 12338     Trgt 1
L6 12274     Trgt 2

Mid-session Outlook(23-04-2013)

Valid break out requirement of yesterday trading range for next short term trend confirmation was told in all 3 previous Outlooks of today and yesterday and Nifty traded within yesterday trading range since opening today.

All trends are up and very Short Term Trend is at stake after higher levels selling yesterday but today lower levels supports with intraday consolidation patterns indications therefore previous week rally continuation expectations are still alive after very Short Term correction completion within narrow range moves between yesterday trading range(5790-5844) 

Expected that Nifty will prepare for next decisive moves within yesterday trading range(5790-5844) and its valid break out should be firstly watched for next Short Term Trend confirmations.

Technical Analysis and Market Outlook(23-04-2013)

Nifty-Intra Day Chart (22-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5820-5833.
2- Support between 5795-5810.
3- Bearish Rising Wedge formations in last hour.
4- Whole day actual trading between 5795-5844.

Conclusions from intra day chart analysis 

All Trends are up,next strong resistances are between 5820-5965 and yesterday whole day trading at lower levels of this range with lower levels supports and higher levels selling with Bearish Rising Wedge formations in last hour therefore follow up consolidation is must for further up moves and follow up selling today will mean Short Term correction after valid breaking down of yesterday lowest(5795).

Pre-open Outlook(23-04-2013)

Although US markets closed positive with minor gains but Asian markets are in Red today morning therefore sentiment is mixed and trading is expected within yesterday trading range after flat to negative opening today. Follow up moves and valid break out of yesterday actual trading range(5795-5844) should be firstly watched for next very short term moves confirmations.

FII Trading Data in Derivatives Segment on 22-Apr-2013

FII & DII trading activity in Capital Market Segment on 22-Apr-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 22-Apr-2013 3656.18 2740.36 915.82

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Apr-2013 1025.65 1468.19 -442.54

Indian Stock Markets Closing Reports(22-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio:1.26
Total Options Put Call Ratio:1.19
Nifty P/E Ratio(22-Apr-2013):17.42

Advances & Declines

BSE Advances : 1,383
BSE Declines : 1,013
NSE Advances :   851
NSE Declines :   477

Nifty Open Interest Changed Today

Nifty- 5600  CE(Apr)- -732,400(-25.19%)
Nifty- 5600  PE(Apr)- -1,338,700(-12.09%)

Nifty- 5700  CE(Apr)- -1,546,200(-34.71%)
Nifty- 5700  PE(Apr)- -261,050(-3.52%)

Nifty- 5800  CE(Apr)- -1,589,950(-20.23%)
Nifty- 5800  PE(Apr)-  1,917,500(51.30%)

Nifty- 5900  CE(Apr)-  532,350(7.47%)
Nifty- 5900  PE(Apr)-  578,500(92.63%)

Closing 

Sensex- closed at 19,169.83(153.37 Points & 0.81%)
Nifty- closed at 5,834.40(51.30 Points & 0.89%)
CNX Midcap - closed at 7,764.80(140.70 Points & 1.85%)
CNX Smallcap- closed at 3,244.15(36.35 Points & 1.13%)

Nifty Spot-Levels & Trading Strategy for 23-04-2013

Nifty Spot-Levels

R3 5910
R2 5877
R1 5855
Avg 5822
S1 5800
S2 5767
S3 5745

Nifty Spot-Trading Strategy

H6  5889    Trgt 2
H5  5876    Trgt 1
H4  5864    Long breakout
H3  5849    Go Short
H2  5844
H1  5839
L1  5828
L2  5823
L3  5818     Long
L4  5803    Short Breakout
L5  5791    Trgt 1
L6  5778    Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 23-04-2013

Nifty(Apr Fut)-Levels

R3 5905
R2 5874
R1 5853
Avg 5822
S1 5801
S2 5770
S3 5749

Nifty(Apr Fut)-Trading Strategy

H6 5884     Trgt 2
H5 5872     Trgt 1
H4 5860     Long breakout
H3 5846     Go Short
H2 5841
H1 5836
L1 5827
L2 5822
L3 5817     Long
L4 5803     Short Breakout
L5 5791     Trgt 1
L6 5779     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 23-04-2013

Bank Nifty(Apr Fut)-Levels

R3 13064
R2 12857
R1 12712
Avg 12505
S1 12360
S2 12153
S3 12008

Bank Nifty(Apr Fut)-Trading Strategy

H6 12926     Trgt 2
H5 12843     Trgt 1
H4 12760     Long breakout
H3 12663     Go Short
H2 12631
H1 12599
L1 12534
L2 12502
L3 12470     Long
L4 12373     Short Breakout
L5 12290     Trgt 1
L6 12207     Trgt 2

Pre-Closing Outlook(22-04-2013)

Next strong resistances are between 5820-5965 and today whole day trading is at lower levels of this range with higher levels selling and lower levels buying therefore follow up moves and valid break out of today trading range(5790-5833) should be firstly watched for next very short term moves confirmations.

Mid-session Outlook-2(22-04-2013)

Firstly lower levels supports but selling development also at higher levels in last 1 hour therefore firstly valid break out of today trading range(5790-5833) should be watched for next very short term moves confirmations.

Mid-session Outlook(22-04-2013)

Indian markets are quiet today after previous week strong rally and preparing for up moves with consolidation patterns formations amid heated sentiments.

Wave 5 confirmations for new top of rally above 6111.80

Technical Analysis,Research & Weekly Outlook

(Apr 22 to Apr 26,2013)

Nifty-EOD Chart (18-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Wave-3 beginning after 13 Months Wave-2 correction completion) 
2- Wave 1(5629.95 on 22-02-2012)
3- Wave 2(4770.35 on 04-06-2012)
4- Impulsive Wave 3 continuation
5- Wave i(5348.55 on 10-07-2012)
6- Wave ii(5032.40 on 26-07-2012)
7- Wave iii(5815.35 on 05-10-2012) 
8- Wave iv(5548.35 on 20-11-2012)
9- Impulsive Wave v of Wave 3 completion at 6111.80 on 29-01-2013 
10- Corrective Wave 4 continuation
11- Wave A(5663.60 on 04-03-2012)
12- Wave B(5971.20 on 11-03-2012)
13- Corrective Wave C of Wave 4 completion at 5477.20 on 10-04-2013 
14- Impulsive Wave 5 continuation
15- 200 Day EMA and DMA at 5665 on 18-04-2012

Conclusions from EOD chart analysis 

Following crucial levels were broken down during Corrective Wave 4 continuation:-

1- 5629.95(Top of Wave 1)
2- Long Term Trend decider 200 Day EMA
3- Long Term Trend decider 200 Day DMA
4- 5548.35(Strong support broken down)

As Nifty slipped below 5629.95(Top of Wave 1) therefore whole waves structure came in question and waves recounting was to be done. In fact whole this exercise had become beyond any calculation and understanding but even after that Pull Back Rally possibility was told on 14-04-2013 in Technical Analysis,Research & Weekly Outlook(Apr 15 to Apr 18,2013) 

"FIIs bought more than 3200 Cr in Stock Futures during April 2013 and lower levels supports were also seen in last 7 sessions as well as Indicators are showing positive divergence in Oversold zone therefore Pull Back Rally possibility turned alive and valid break out of previous 7 sessions trading range(5478-5610) should be firstly watched in next week for next Short Term Trend confirmations"

Previous week was real savior of Waves structure through sustaining above 5629.95 and turning all trends up through sustaining above both Long Term Trend decider 200 Day EMA and DMA as well as Impulsive Wave 5 continuation confirmations after completion of Wave 4 correction. 

Wave 5 formation means rally towards next target above the top of rally((6111.80) and also the possibility new all time high formation above 6357.10. Minor very Short Term corrections can not be ruled out any day in next week because sentiment may turn heated but finally Wave 5 rally will remain continued.