Bank Nifty(Jun Fut)-Levels & Trading Strategy for 31-05-2013

Bank Nifty(Jun Fut)-Levels

R3 12956
R2 12900
R1 12851
Avg 12795
S1 12746
S2 12690
S3 12641

Bank Nifty(Jun Fut)-Trading Strategy

H6  12907    Trgt 2
H5  12883    Trgt 1
H4  12859    Long breakout
H3  12830    Go Short
H2  12821
H1  12811
L1  12792
L2  12782
L3  12773    Long
L4  12744    Short Breakout
L5  12720    Trgt 1
L6  12696    Trgt 2

Pre-Closing Outlook(30-05-2013)

Following line was told in previous Outlook yesterday:-

1-"both buying and selling patterns formations in last 2 sessions" 
2-"one sided trading positions have not been built up"
3-"follow up moves and valid break out last 2 sessions trading range(6056-6127) should be firstly watched tomorrow for next trend confirmations"

As one sided trading positions were not been built up therefore Indian markets are flat today despite weak Asian and US markets. Following ranges valid break out should be firstly watched now for next moves confirmations:-

1-Today actual trading range(6080-6111) for next moves first indication.
2-3 Sessions trading range(6056-6127) for next moves confirmations.

As strong resistances are lying just above 3 sessions trading range between 6130-6180 therefore next up trend will be considered above 6180. Follow up selling and once slipping below 6056 will mean steep fall also therefore now sideways market between 6056-6180 will be considered and its valid break out will be watched in the coming sessions for next moves confirmations.

Technical Analysis and Market Outlook(30-05-2013)

Nifty-Intra Day Chart (May 28 & May 29,2013):-

                                                   Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Up moves in Bearish Rising channel on 28-05-2013.
2- Firstly selling between 6097-6105 on 29-05-2013 
3- 3 Times down moves in Bullish Falling Channel on 29-05-2013 
4- 3 Times higher Bottom formations on 29-05-2013 
5- 2 Sessions actual trading between 6056-6127.

Conclusions from 2 Sessions intra day chart analysis 

Up moves in Bearish Rising channel yesterday weakness was projected for today and that was seen also and Indian markets traded most time in Red today but lower levels supports also developed because:-

1- down moves after 12:00 PM were not showing required force.
2- 3 Times higher Bottom formations.
3- No weakness despite European markets sharp down moves.

Indian Rupee moved toward record lows but Indian markets did not reacted negative and got supports at lower levels as well as closed almost flat today. It is clear that both buying and selling patterns formations in last 2 sessions and one sided trading positions have not been built up therefore follow up moves and valid break out last 2 sessions trading range(6056-6127) should be firstly watched tomorrow for next trend confirmations.

FII Trading Data in Derivatives Segment on 29-May-2013

FII & DII trading activity in Capital Market Segment on 29-May-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 29-May-2013 2995.56 2351.75 643.81

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-May-2013 620.84 928.96 -308.12

Indian Stock Markets Closing Reports(29-May-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.12
Total Options Put Call Ratio: 1.07
Nifty P/E Ratio(29-May-2013): 18.11

Advances & Declines

BSE Advances : 1,028
BSE Declines : 1,340
NSE Advances :   537
NSE Declines :   857

Nifty Open Interest Changed Today

Nifty- 5800  CE(May)- -100,200(-9.52%)
Nifty- 5800  PE(May)- -397,500(-6.56%)

Nifty- 5900  CE(May)- -136,850(-7.33%)
Nifty- 5900  PE(May)-  402,250(5.48%)

Nifty- 6000  CE(May)- -119,750(-3.87%)
Nifty- 6000  PE(May)-  185,850(2.60%)

Nifty- 6100  CE(May)- 102,850(1.55%)
Nifty- 6100  PE(May)- -38,650(-0.71%)

Nifty- 6200  CE(May)- 809,650(12.71%)
Nifty- 6200  PE(May)- -172,400(-11.95%)

Closing 

Sensex- closed at 20,147.64(-13.18 Points & -0.07%)
Nifty- closed at 6,104.30(-6.95 Points & -0.11%)
CNX Midcap - closed at 7,911.05(-48.10 Points & -0.60%)
CNX Smallcap- closed at 3,240.00(-14.55 Points & -0.45%)

Nifty Spot-Levels & Trading Strategy for 30-05-2013

Nifty Spot-Levels

R3 6185
R2 6155
R1 6129
Avg 6099
S1 6073
S2 6043
S3 6017

Nifty Spot-Trading Strategy

H6 6160     Trgt 2
H5 6147     Trgt 1
H4 6134     Long breakout
H3 6119     Go Short
H2 6114
H1 6109
L1 6098
L2 6093
L3 6088     Long
L4 6073     Short Breakout
L5 6060     Trgt 1
L6 6047     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 30-05-2013

Nifty(May Fut)-Levels

R3 6175
R2 6144
R1 6117
Avg 6086
S1 6059
S2 6028
S3 6001

Nifty(May Fut)-Trading Strategy

H6  6148    Trgt 2
H5  6135    Trgt 1
H4  6121    Long breakout
H3  6105    Go Short
H2  6100
H1  6095
L1  6084
L2  6079
L3  6074    Long
L4  6058    Short Breakout
L5  6044    Trgt 1
L6  6031    Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 30-05-2013

Bank Nifty(May Fut)-Levels

R3 13089
R2 12993
R1 12895
Avg 12799
S1 12701
S2 12605
S3 12507

Bank Nifty(May Fut)-Trading Strategy

H6 12992     Trgt 2
H5 12948     Trgt 1
H4 12903     Long breakout
H3 12850     Go Short
H2 12832
H1 12814
L1 12779
L2 12761
L3 12743     Long
L4 12690     Short Breakout
L5 12645     Trgt 1
L6 12601     Trgt 2

Pre-Closing Outlook(29-05-2013)

As down moves after 12:00 PM were not showing required force and it is a consolidation signal also therefore we clearly mentioned it in previous Outlook. Some selling indications yesterday and buying signals today and follow up clear intraday patterns are required for next trend and crossing next resistance(6130-6180) therefore repeating following line of previous Outlook:- 

"valid break out of 6056-6180 should be firstly watched for next trend confirmations"

Mid-session Outlook(29-05-2013)

Those down moves are being seen today which were clearly indicated many times yesterday and today at 06:27 AM. Firstly selling today but last more than one hour down moves are not showing required force therefore more follow up selling is required for more down moves below today lowest and valid break out of 6056-6180 should be firstly watched for next trend confirmations. 

Technical Analysis and Market Outlook(29-05-2013)

Nifty-Intra Day Chart (28-May-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising channel.
3- Whole day actual trading between 6056-6127

Conclusions from intra day chart analysis 

Continuous up moves after 11:00 AM amid blasting Global cues but without required force and Indian markets under performed Global cues whole day therefore good selling can not be ruled yesterday and until Nifty will not sustain above yesterday highest(6127) till then decisive rally will not be considered. It should also be kept in mind that next resistances are lying between 6130-6180 and complete consolidation is required for crossing and sustaining above 6180.

For next trend confirmations valid break out of 6056-6180 should be firstly watched in the coming sessions and It should also be kept in mind that follow up selling and once slipping below 6056 will mean steep fall also.

Pre-open Outlook(29-05-2013)

Sentiment is bullish today morning after strong closing of US and European markets yesterday therefore Asian markets are trading with good gains today morning and positive opening will be seen in Indian markets also but view is still not Bullish and follow up moves with valid break out of above mentioned ranges will be firstly watched today for next trend confirmations.

Indian Stock Markets Closing Reports(28-May-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.14
Total Options Put Call Ratio: 1.10
Nifty P/E Ratio(28-May-2013): 18.12

Advances & Declines

BSE Advances : 1,204
BSE Declines : 1,151
NSE Advances :   736
NSE Declines :   684

Nifty Open Interest Changed Today

Nifty- 5800  CE(May)- -13,300(-1.12%)
Nifty- 5800  PE(May)- -223,600(-3.41%)

Nifty- 5900  CE(May)- -281,200(-12.78%)
Nifty- 5900  PE(May)-  150,050(2.06%)

Nifty- 6000  CE(May)- -2,024,550(-37.70%)
Nifty- 6000  PE(May)- -80,800(-1.02%)

Nifty- 6100  CE(May)- -1,173,000(-14.02%)
Nifty- 6100  PE(May)-  1,197,650(27.36%)

Nifty- 6200  CE(May)-  1,152,500(20.12%)
Nifty- 6200  PE(May)- -950(-0.06%)

Closing 

Sensex- closed at 20,160.82(130.05 Points & 0.65%)
Nifty- closed at 6,111.25(28.10 Points & 0.46%)
CNX Midcap - closed at 7,959.15(44.35 Points & 0.56%)
CNX Smallcap- closed at 3,254.55(22.45 Points & 0.69%)

Nifty Spot-Levels & Trading Strategy for 29-05-2013

Nifty Spot-Levels

R3 6212
R2 6169
R1 6140
Avg 6097
S1 6068
S2 6025
S3 5996

Nifty Spot-Trading Strategy

H6 6183     Trgt 2
H5 6167     Trgt 1
H4 6150     Long breakout
H3 6130     Go Short
H2 6124
H1 6117
L1 6104
L2 6097
L3 6091     Long
L4 6071     Short Breakout
L5 6054     Trgt 1
L6 6038     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 29-05-2013

Nifty(May Fut)-Levels

R3 6220
R2 6173
R1 6141
Avg 6094
S1 6062
S2 6015
S3 5983

Nifty(May Fut)-Trading Strategy

H6 6188     Trgt 2
H5 6170     Trgt 1
H4 6152     Long breakout
H3 6130     Go Short
H2 6123
H1 6116
L1 6101
L2 6094
L3 6087     Long
L4 6065     Short Breakout
L5 6047     Trgt 1
L6 6029     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 29-05-2013

Bank Nifty(May Fut)-Levels

R3 13136
R2 13057
R1 12978
Avg 12899
S1 12820
S2 12741
S3 12662

Bank Nifty(May Fut)-Trading Strategy

H6 13057     Trgt 2
H5 13021     Trgt 1
H4 12985     Long breakout
H3 12942     Go Short
H2 12927
H1 12913
L1 12884
L2 12870
L3 12855     Long
L4 12812     Short Breakout
L5 12776     Trgt 1
L6 12740     Trgt 2

Pre-Closing Outlook(28-05-2013)

Following line was told today at 07:50 AM:-

Sustaining beyond 6130 should be firstly watched today for next signal of impulsive Wave-B continuation/completion.

Today highest is at 6127.65

Although good recovery from lower levels and blasting Global cues at this moment but our view is not Bullish because Indian markets are completely under performing Global cues and sustaining beyond today trading range(6056-6127) will be firstly watched tomorrow for the confirmation of  impulsive Wave-B continuation/completion. 

Mid-session Outlook(28-05-2013)

Although Dow's Futures is more than 100 points up and European markets are trading strong after gap up opening as well as most Asian markets are showing good gains but Indian markets have not shown as much strength and trading with small gains therefore view is cautious and should be Bullish after valid break out of next resistance range(6130-6180). It should also be kept in mind that once slipping below today lowest(6056) will mean steep fall because Indian markets are completely under performing Global cues today. 

Technical Analysis and Market Outlook(28-05-2013)

Nifty-Intra Day Chart (May 23 to May 27,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 3 Sessions intraday charts

1- Consolidation between 5936-6008 on 23-05-2013 and 24-05-2013.
2- More than 5 hours sideways trading between 6010-6034 with mixed patterns(means selling also) formations on 27-05-2013.
3- Sharp up moves in last hour on 27-05-2013.
4- 3 Sessions most time trading between 5936-6040.
5- 3 Sessions actual trading between 5936-6099.

Conclusions from 3 Sessions intra day chart analysis 

As lower levels good consolidations on 23-05-2013 and 24-05-2013 therefore corrective Wave-A completion and impulsive Wave-B continuation. Following crucial retracement levels have not been tested yet after crossing of 38.2% yesterday:-

1- 50.0%- 6117
2- 61.8%- 6143

Next strong resistances are between 6130-6180 and sustaining beyond this range will decide the fate of on going impulsive Wave-B. Although strong up moves yesterday but more than 5 hours sideways trading between 6010-6034 with mixed patterns(means selling also) yesterday therefore follow up moves today sustaining beyond mentioned strong resistances should be firstly watched in the coming sessions for:-

1- High possibility of correction completion after sustaining above 6180
2- Corrective Wave-c continuation after after sustaining below 6130 for down moves below 5935.

Pre-open Outlook(28-05-2013)

Most Asian markets are in Green and Dow's Futures is trading more than 50 points up therefore sentiment is good today morning and positive zone trading will be firstly seen today. Sustaining beyond 6130 should be firstly watched today for next signal of impulsive Wave-B continuation/completion.

FII Trading Data in Derivatives Segment on 27-May-2013

FII & DII trading activity in Capital Market Segment on 27-May-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 27-May-2013 2525.75 2119.72 406.03

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-May-2013 696.51 1212.9 -516.39