Nifty(May Fut)-Levels & Trading Strategy for 29-04-2013

Nifty(May Fut)-Levels

R3 5955
R2 5937
R1 5912
Avg 5894
S1 5869
S2 5851
S3 5826

Nifty(May Fut)-Trading Strategy

H6 5930     Trgt 2
H5 5920     Trgt 1
H4 5910     Long breakout
H3 5898     Go Short
H2 5894
H1 5890
L1 5883
L2 5879
L3 5875     Long
L4 5863     Short Breakout
L5 5853     Trgt 1
L6 5843     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 29-04-2013

Bank Nifty(May Fut)-Levels

R3 12824
R2 12747
R1 12625
Avg 12548
S1 12426
S2 12349
S3 12227

Bank Nifty(May Fut)-Trading Strategy

H6 12703     Trgt 2
H5 12658     Trgt 1
H4 12613     Long breakout
H3 12558     Go Short
H2 12540
H1 12522
L1 12485
L2 12467
L3 12449     Long
L4 12394     Short Breakout
L5 12349     Trgt 1
L6 12304     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Apr 29 to May 03,2013)

Nifty Spot-Weekly Levels

R3 6069
R2 5997
R1 5934
Avg 5862
S1 5799
S2 5727
S3 5664

Nifty Spot-Weekly Trading Strategy 

H6 6007     Trgt 2
H5 5976     Trgt 1
H4 5945     Long breakout
H3 5908     Go Short
H2 5895
H1 5883
L1 5858
L2 5846
L3 5833     Long
L4 5796     Short Breakout
L5 5765     Trgt 1
L6 5734     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Apr 29 to May 03,2013)

Bank Nifty Spot-Weekly Levels

R3 13192
R2 12974
R1 12753
Avg 12535
S1 12314
S2 12096
S3 11875

Bank Nifty Spot-Weekly Trading Strategy 

H6 12979     Trgt 2
H5 12877     Trgt 1
H4 12774     Long breakout
H3 12653     Go Short
H2 12613
H1 12573
L1 12492
L2 12452
L3 12412     Long
L4 12291     Short Breakout
L5 12188     Trgt 1
L6 12086     Trgt 2

Mid-session Outlook-2(26-04-2013)

Although gap up strong opening yesterday but we were cautious because of already mentioned negative news flow and markets turned range bound. As some cooling of(or correction) was also required after 7 sessions strong rally therefore 2 sessions range bound market between 5862-5922 with high volatility yesterday. Sometimes Bull markets does not correct deep and completes correction with range bound mode therefore following ranges valid break out should be firstly watched now:-

1- 5876-5909(most time trading today and yesterday)
2- 5862-5922(Actual trading range of yesterday after high volatility in last hours)

Mid-session Outlook(26-04-2013)

Almost following lines were told yesterday in Technical Analysis and Market Outlook(26-04-2013):-

1- high volatility in last hours and mentioned range broken out both sides. As technical positions reverses during such volatility and negative news flow(Tension with China and JPC report on Coal scam) also therefore view is cautious.
2- sustaining beyond 5876-5909 should be firstly watched tomorrow for next Short Term Trend confirmations.

Nifty is trading and preparing for next trend within mentioned range since opening today and could not sustain at higher levels. Following conclusions will be drawn after sustaining beyond mentioned range:- 

1- Below 5876 will mean correction of previous 7 sessions strong rally.
2- Above 5909 will mean rally continuation with high possibility of strong rally after crossing on going resistance range(5820-5965).

Technical Analysis and Market Outlook(26-04-2013)

Nifty-Intra Day Chart (25-Apr-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Up moves in Rising Channel.
2- First 5 hours narrow range trading between 5876-5909
2- High volatility in last hours.
3- Whole day actual trading between 5862-5923.

Conclusions from intra day chart analysis 

First 5 hours narrow range trading between 5876-5909 with up moves in Rising Channel after gap up opening and channel down but high volatility in last hours and mentioned range broken out both sides. As technical positions reverses during such volatility and negative news flow(Tension with China and JPC report on Coal scam) also therefore view is cautious.

All trends are up and technically no selling today therefore rally continuation is expected in the coming sessions but view is cautious and sustaining beyond 5876-5909 should be firstly watched tomorrow for next Short Term Trend confirmations.

FII Trading Data in Derivatives Segment on 25-Apr-2013

FII & DII trading activity in Capital Market Segment on 25-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 25-Apr-2013 6226.62 4776.92 1449.7

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 25-Apr-2013 1054.58 2324.01 -1269.43

Indian Stock Markets Closing Reports(25-Apr-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.21
Total Options Put Call Ratio: 1.17
Nifty P/E Ratio(25-Apr-2013): 17.61

Advances & Declines

BSE Advances : 1,220
BSE Declines : 1,166
NSE Advances :   720
NSE Declines :   612

Nifty Open Interest Changed Today

Nifty- 5600  CE(May)- 229,900(20.62%)
Nifty- 5600  PE(May)- 857,350(32.10%)

Nifty- 5700  CE(May)- 473,450(21.30%)
Nifty- 5700  PE(May)- 1,879,850(70.01%)

Nifty- 5800  CE(May)- 242,450(7.47%)
Nifty- 5800  PE(May)- 2,482,850(104.17%)

Nifty- 5900  CE(May)- 430,650(11.53%)
Nifty- 5900  PE(May)- 2,176,000(292.12%)

Nifty- 6000  CE(May)- 864,400(35.07%)
Nifty- 6000  PE(May)- 515,000(85.73%)

Closing 

Sensex- closed at 19,406.85(227.49 Points & 1.19%)
Nifty- closed at 5,916.30(79.40 Points & 1.36%)
CNX Midcap - closed at 7,777.95(43.40 Points & 0.56%)
CNX Smallcap- closed at 3,263.00(11.95 Points & 0.37%)

Nifty Spot-Levels & Trading Strategy for 26-04-2013

Nifty Spot-Levels

R3 6013
R2 5968
R1 5942
Avg 5897
S1 5871
S2 5826
S3 5800

Nifty Spot-Trading Strategy

H6 5987     Trgt 2
H5 5971     Trgt 1
H4 5955     Long breakout
H3 5935     Go Short
H2 5929
H1 5922
L1 5909
L2 5902
L3 5896     Long
L4 5876     Short Breakout
L5 5860     Trgt 1
L6 5844     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 26-04-2013

Nifty(May Fut)-Levels

R3 5994
R2 5963
R1 5942
Avg 5911
S1 5890
S2 5859
S3 5838

Nifty(May Fut)-Trading Strategy

H6 5973     Trgt 2
H5 5961     Trgt 1
H4 5949     Long breakout
H3 5935     Go Short
H2 5930
H1 5925
L1 5916
L2 5911
L3 5906     Long
L4 5892     Short Breakout
L5 5880     Trgt 1
L6 5868     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 26-04-2013

Bank Nifty(May Fut)-Levels

R3 12894
R2 12808
R1 12742
Avg 12656
S1 12590
S2 12504
S3 12438

Bank Nifty(May Fut)-Trading Strategy

H6 12829     Trgt 2
H5 12794     Trgt 1
H4 12759     Long breakout
H3 12717     Go Short
H2 12703
H1 12689
L1 12662
L2 12648
L3 12634     Long
L4 12592     Short Breakout
L5 12557     Trgt 1
L6 12522     Trgt 2

Pre-Closing Outlook(25-04-2013)

All trends are up and intraday volatility today and first 4 hours narrow range trading(5876-5909) broken down and broken out because of negative news flow and derivative closing today. 

As technically no selling despite negative news flow today therefore rally continuation is expected.

Mid-session Outlook-2(25-04-2013)

First more than 4 hours narrow range trading between 5876-5909 after gap up opening but that negative news flow also which may hamper Bullish markets therefore valid break out of this range should be watched for very short term trend confirmations.

Mid-session Outlook(25-04-2013)

Technically no selling today despite negative news flow and rally continuation. All Trends are up and now trading at near about higher levels of next strong resistances(5820-5965). Wave-5 is on for trading above 6110 and once crossing of mentioned resistance range will mean fast rally toward next resistance range(6050-6110)

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