Nifty(Jul Fut)-Levels & Trading Strategy for 28-06-2013

Nifty(Jul Fut)-Levels

R3 5789
R2 5745
R1 5714
Avg 5670
S1 5639
S2 5595
S3 5564

Nifty(Jul Fut)-Trading Strategy

H6 5758     Trgt 2
H5 5741     Trgt 1
H4 5724     Long breakout
H3 5703     Go Short
H2 5696
H1 5689
L1 5676
L2 5669
L3 5662     Long
L4 5641     Short Breakout
L5 5624     Trgt 1
L6 5607     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 28-06-2013

Bank Nifty(Jul Fut)-Levels

R3 11402
R2 11338
R1 11286
Avg 11222
S1 11170
S2 11106
S3 11054

Bank Nifty(Jul Fut)-Trading Strategy

H6 11350     Trgt 2
H5 11324     Trgt 1
H4 11297     Long breakout
H3 11265     Go Short
H2 11255
H1 11244
L1 11223
L2 11212
L3 11202     Long
L4 11170     Short Breakout
L5 11143     Trgt 1
L6 11117     Trgt 2

Bad news is good news?

All the global markets blasted after the U.S. said quarterly growth may be weaker than expected, raising investors’ hopes that the Federal Reserve would delay plans to wind down its stimulus program. While news of the weakness in the world’s biggest economy was disappointing, it was also positive for investors, who were rattled last week after Fed Chairman Ben Bernanke said the U.S. central bank would slow its bond-buying program if the U.S. economy continues to strengthen. 

As higher levels good selling therefore complete weakness was expected today but such strong Global markets positive reaction on that bad news was not imagined which crashed all Global Finanancial markets on 20-06-2013

Pre-Closing Outlook(27-06-2013)

As good selling yesterday therefore too much down was expected today but all the Global markets jumped and and Indian Rupee also turned almost 1% strong therefore Indian markets shoot up. I would say that certainly market deceived today.

Pre-open Outlook(27-06-2013)

US Futures are positive today after almost 1% gains yesterday and almost all the Asian markets are trading with good gains as well as SGX Nifty is also trading more than 1% up at this moment but expected that finally Indian markets will not sustain at higher levels and Nifty will test next supports near about 5520 today. 

Correction Continuation

Nifty-Intra Day Chart (26-Jun-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5603-5630
2- Sharp fall after more than 5 hours selling.
3- Whole day actual trading between 5580-5635

Conclusions from intra day chart analysis 

Although Dow's Futures was trading more than 50 points up and European markets were trading with good gains but we were not Bullish because intraday charts were showing mixed patterns therefore we told following lines at 12:56:00 PM in Mid-session Outlook(26-06-2013):-

More than 2 hours trading between 5603-5625 with mixed intraday patterns therefore firstly valid break out of today trading range should be watched for next very short term trend confirmation. 

As busy therefore could not update in next Outlooks but as soon as we got confirmation that intraday charts have completed selling patterns then following Put Option buying call was sent to paid clients at 02:53 PM when Nifty was trading near about 5610:-

NIFTY-Jun PE(5600)-Buy-Positional-SL-9-TGT-55-CMP-26

As we always talk with those proofs which no one can deny therefore live proofs of our Put Option buying call are being updated. We always send all trades through 2 websites therefore SMS sent pictures are as follows:-

1st Website- NIFTY-Jun Put Option(5600)-Buying messages SMS pictures is as follows:-

Just click on picture for its enlarged view

2nd Website- NIFTY-Jun Put Option(5600)-Buying messages SMS pictures is as follows:-

Just click on picture for its enlarged view

If unable to read  text in above picture then:-

1- Firstly click on above SMS picture and enlarge it.
2- Save picture on yours desktop.
3- Open and again enlarge the picture in Windows Picture Viewer.

Only 2 following information are deleted in above Picture due to official secrecy rules:-

1- Numbers of sent SMS.
2- SMS sending Website name.

Although Dow Jones is trading 142 points up at this moment but good selling at higher levels yesterday and in previous sessions therefore opening tomorrow opening can not be told but expected that Nifty will test next supports near about 5520 and possibility of closing also near it about.

FII Trading Data in Derivatives Segment on 26-Jun-2013

FII & DII trading activity in Capital Market Segment on 26-Jun-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 26-Jun-2013 3062.4 3610.19 -547.79

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Jun-2013 1187 850.02 336.98

Nifty Spot-Levels & Trading Strategy for 27-06-2013

Nifty Spot-Levels

R3 5678
R2 5656
R1 5622
Avg 5600
S1 5566
S2 5544
S3 5510

Nifty Spot-Trading Strategy

H6 5644     Trgt 2
H5 5631     Trgt 1
H4 5618     Long breakout
H3 5603     Go Short
H2 5598
H1 5593
L1 5582
L2 5577
L3 5572     Long
L4 5557     Short Breakout
L5 5544     Trgt 1
L6 5531     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2013

Nifty(Jun Fut)-Levels

R3 5676
R2 5653
R1 5617
Avg 5594
S1 5558
S2 5535
S3 5499

Nifty(Jun Fut)-Trading Strategy

H6  5640    Trgt 2
H5  5626    Trgt 1
H4  5613    Long breakout
H3  5597    Go Short
H2  5591
H1  5586
L1  5575
L2  5570
L3  5564    Long
L4  5548    Short Breakout
L5  5535    Trgt 1
L6  5521    Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2013

Bank Nifty(Jun Fut)-Levels

R3 11426
R2 11342
R1 11208
Avg 11124
S1 10990
S2 10906
S3 10772

Bank Nifty(Jun Fut)-Trading Strategy

H6 11292     Trgt 2
H5 11243     Trgt 1
H4 11193     Long breakout
H3 11133     Go Short
H2 11113
H1 11093
L1 11054
L2 11034
L3 11014     Long
L4 10954     Short Breakout
L5 10904     Trgt 1
L6 10855     Trgt 2

Mid-session Outlook(26-06-2013)

More than 2 hours trading between 5603-5625 with mixed intraday patterns therefore firstly valid break out of today trading range should be watched for next very short term trend confirmation. 

Post-open Outlook(26-06-2013)

Following lines were told yesterday in Post-open Outlook-2

"Market require more preparation for next decisive moves and it will be firstly done within yesterday trading range(5568-5735) therefore firstly its valid break out should be watched today for next Short Term Trend confirmation"

Some up moves after positive opening today but follow up selling seen at higher levels yesterday therefore finally down moves are expected after some more selling today. As lower levels buying seen in last 2 sessions therefore follow up more selling is firstly require today for decisive down moves below 5568.

As busy therefore Mid-session Outlooks will be updated during trading hours today

Pre-Closing Outlook(25-06-2013)

When Indian markets were trading near the higher levels of the day then I told following lines in previous Outlook:- 

1- it may be intraday volatility or short covering rally 
2- lot of more confirmations are required for trend reversal. 
3- Strong resistances are between 5685-5705 and until Nifty will not sustain above 5705 till then trend reversal will not be considered.

Long Term Trend is down and our market is in Bear phase and such type of volatility will be seen because selling markets always remain highly volatile. Correction is on but intraday volatility may be high again in the coming sessions if US markets will close with good gains today,it should be firstly watched tomorrow because US Futures are trading strong at this moment.

Mid-session Outlook(25-06-2013)

Although Shanghai Composite was almost 4% down and all other Asian markets were also weak but we were not Bearish today and told following line at 10:18 AM in Post-open Outlook-2(25-06-2013):-

it is first strong signal of strength

As was perceived and bounce back possibility was also told in previous Outlooks,exactly same happened and Nifty recovered 87 points from lower levels. Some intraday supports at lower levels today and sharp up moves seen but it may be intraday volatility or short covering rally therefore lot of more confirmations are required for trend reversal. 

Strong resistances are between 5685-5705 and until Nifty will not sustain above 5705 till then trend reversal will not be considered. Now trading range has turned broader(5569-5705) and expected that Nifty will firstly prepare for next moves within this range as well as sustaining beyond this range will give confirmations to next Intermediate Term Trend therefore should be firstly watched today and in the coming sessions.

Post-open Outlook-2(25-06-2013)

Indian markets are again out performing Global markets today and almost flat despite all Asian markets in Red as well as some are deep down(Shanghai Composite is almost 4% down) and it is first strong signal of strength. Market require more preparation for next decisive moves and it will be firstly done within yesterday trading range(5568-5735) therefore firstly its valid break out should be watched today for next Short Trerm Trend confirmation.

Post-open Outlook(25-06-2013)

As Indian markets out performed Global markets yesterday therefore it was updated in all Mid-session Outlooks and Nifty traded sideways first 4 hours between 5603-5635 with lower levels supports and higher levels selling yesterday. Although Nifty slipped below 5603 but after sharp fall in all European markets and US Futures therefore it was sentiment driven down move and now Nifty is trading above 5603 immediately after little improvement of Global sentiment today. 

As Indian markets out performed Global markets and got intraday supports above 5603 yesterday therefore firstly sustaining it beyond should be watched today and should be kept in mind that bounce back/Pull Back rally will be considered only after valid break out above 5635.

Pre-open Outlook(25-06-2013)

Although deep Red US and European markets closing yesterday but Asian markets are flat to negative and sentiment is quiet today morning therefore Nifty will firstly trade between yesterday trading range(5568-5735). As yesterday down moves were due to sharp fall in all European markets and US Futures therefore if Global markets and sentiment improves today then fast up moves may be seen in Indian markets. 
 
Some recovery from lower levels was seen yesterday therefore follow up moves and sustaining beyond yesterday lowest will be firstly watched today and bounce back/Pull Back rally will be considered now if intraday charts will show consolidations and lower levels supports today. 

Technical Analysis and Market Outlook(25-06-2013)

Nifty-Intra Day Chart (24-Jun-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5617-5635
2- Consolidation and support between 5603-5612
3- First 4 hours sideways trading
4- Down moves after sharp fall in all European markets and US Futures.
5- Whole day actual trading between 5568-5735

Conclusions from intra day chart analysis 

First 4 hours sideways trading with higher levels selling and lower levels consolidation and support but lower levels broken down and down moves seen after sharp fall in all European markets and US Futures. 

Correction is very much on and crashing Global markets as well as quake like situation in all Global Financial Markets therefore no relief for Bulls and following lines are being repeated which were told on 20-06-2013 in "Tsunami in Global Financial Markets"

It should be kept in mind that buying in such type of market is like catching falling knife and resultant hand full of one's own blood therefore long positions should be created after complete consolidations.

Let thunder stop and allow market to complete its consolidation on daily charts then trend reversal will be seen but bounce back or Pull Back rally may be seen any time after some intraday consolidations and supports.

FII Trading Data in Derivatives Segment on 24-Jun-2013