NIFTY-Apr Call Option-Buying Trade

NIFTY-Apr Call Option(5700)-Buy-Positional-SL-19-TGT-64-CMP-31(Buy same quantity which covered today)(Lalit39)

Pre-Closing Outlook(05-04-2013)

Following most crucial levels broken down:-

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

As today intraday charts are not showing selling patterns but lower levels supports with consolidation patterns formations seen today therefore valid break out below today lowest is must in next week for further down moves confirmations.

Mid-session Outlook-3(05-04-2013)

Sentiment is again depressed today due to following Global markets:-

1- Hang Seng trading more than 640 points down
2- Nikkei(Japan) closed near lower levels after loosing more than 350 points gains.
3- Most European markets are trading in Red.

As supports seen at lower levels today in such dampened sentiment after slipping below strong support of 5548.35 therefore today lowest valid break out should be watched for next big down moves confirmations.

Mid-session Outlook-2(05-04-2013)

Nifty slipped below strong support of 5548.35 which is last hope of Bulls. Once sustaining below it will mean loosing of all Bullish hopes and market moving into strong Grip of Bears.

NIFTY-Apr Call Option(5700)-1st Intraday Buying of 04-04-2013-Covering

NIFTY-Apr CE(5700)-Intraday Bought on 04-04-2013-Cover immediately-CMP-30(Lalit39)

Mid-session Outlook(05-04-2013)

Red zone trading since opening but with intraday consolidation patterns formations therefore emergence of up moves hopes. As Dow's Futures is more than 30 points down and Hang Seng is 600 points down today therefore view is cautious and up moves confirmation is required through sustaining above today highs and after that 5629.95.

Technical Analysis and Market Outlook(05-04-2013)

Nifty-Intra Day Chart (04-Apr-2013):-

Just click on chart for its enlarged view

Conclusions

Whole day down moves and most crucial levels broken down but without intraday selling patterns and on the back of depressed Global sentiments therefore sustaining below following crucial levels is must for the beginning of huge down moves confirmations:-

1- Nifty closed below the top of Wave 1(5629.95) today and it means recounting of Waves which started from 4531.15 on 20-12-2011 but as per our view today down closing was due to negative news flow from Global markets therefore breaking down confirmation is required through sustaining below 5629.95.

2- Although Nifty closed below 200 Day EMA(5673) and DMA(5637) but Long Term Trend confirmation is required yet through sustaining below both mentioned Averages.

Sustaining below above mentioned crucial levels should be firstly watched in the coming sessions for the confirmations of big down moves but Indicators are showing positive divergence in oversold zone therefore Bounce back may be seen any day and its possibility is high tomorrow.

FII Trading Data in Derivatives Segment on 04-Apr-2013

FII & DII trading activity in Capital Market Segment on 04-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 04-Apr-2013 1942.7 2268.91 -326.21

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Apr-2013 921.28 856.55 64.73

Nifty Spot-Levels & Trading Strategy for 05-04-2013

Nifty Spot-Levels

R3 5702
R2 5673
R1 5623
Avg 5594
S1 5544
S2 5515
S3 5465

Nifty Spot-Trading Strategy

H6 5653     Trgt 2
H5 5635     Trgt 1
H4 5617    Long breakout
H3 5595     Go Short
H2 5588
H1 5581
L1 5566
L2 5559
L3 5552     Long
L4 5530     Short Breakout
L5 5512     Trgt 1
L6 5494     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 05-04-2013

Nifty(Apr Fut)-Levels

R3 5714
R2 5686
R1 5639
Avg 5611
S1 5564
S2 5536
S3 5489

Nifty(Apr Fut)-Trading Strategy

H6 5668     Trgt 2
H5 5651     Trgt 1
H4 5634     Long breakout
H3 5613     Go Short
H2 5606
H1 5599
L1 5586
L2 5579
L3 5572     Long
L4 5551     Short Breakout
L5 5534     Trgt 1
L6 5517     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 05-04-2013

Bank Nifty(Apr Fut)-Levels

R3 11433
R2 11372
R1 11272
Avg 11211
S1 11111
S2 11050
S3 10950

Bank Nifty(Apr Fut)-Trading Strategy

H6 11334     Trgt 2
H5 11297     Trgt 1
H4 11261     Long breakout
H3 11217     Go Short
H2 11202
H1 11187
L1 11158
L2 11143
L3 11128     Long
L4 11084     Short Breakout
L5 11048     Trgt 1
L6 11011     Trgt 2

NIFTY-Apr Call Option-Buying Trade

NIFTY-Apr Call Option(5700)-Buy-Positional-SL-19-TGT-64-CMP-36(Lalit39)

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

New low of on going correction at 5585.35 today and as per Elliot Wave Theory Nifty should not close below the top of Wave 1(5629.95) otherwise Waves structure form 20-12-2011 will be is at stake and Waves will be recounted and next trend will understood. As Long Term Trend is also at stake because Nifty is trading below both 200 Day EMA and DMA therefore huge down moves will be seen after sustaining below below 5629.95.

Mid-session Outlook(04-04-2013)

Following line was told at 10:12 AM in Post-open Outlook(04-04-2013):-

intraday supports emergence through double bottom and higher formations

Recovery seen from lower levels and now trading above 5629.95 but Long Term Trend and Waves structure from 20-12-2011 is at stake therefore firstly sustaining above 5605 and after that sustaining above 5629.95/5637/5673 will be rally confirmation.

Post-open Outlook(04-04-2013)

Gap down opening amid most depressed sentiment but intraday supports emergence through double bottom and higher formations but lot of consolidation is required for next up moves and firstly sustaining beyond 5605 should be watched today for next trend first strong signal.

Big Moves confirmation through 5629.95

Technical Analysis and Market Outlook

(04-04-2013)

Nifty-EOD Chart (03-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- Wave 3(6111.80 on 29-01-2013) 
5- Wave 4 correction continuation and bottom formation at 5604.85 on 28-03-2012
6- 200 Day EMA at 5673 on 03-04-2012
7- 200 Day DMA at 5637 on 03-04-2012

Nifty-Intra Day Chart (Mar 25 to Apr 03,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 6 Sessions intraday charts

1- Consolidation between 5606-5645 
2- Selling between 5720-5754
3- 6 Sessions actual trading between 5606-5754 

Conclusions (After Putting All Studies Together)

As Per Elliot Wave Theory:-

The bottom of Wave-4 should not dip below the top of Wave 1,at least on a closing basis.

Top of Wave 1 is at 5629.95 and Nifty slipped below it in previous week but not closed below it and 5 sessions traded between Long Term Trend decider 200 Day DMA and EMA as well. As not closing below 5629.95 and rally also above both Long Term Trends deciders on 28-03-2013 therefore strong indication of on going Waves structure survival. It means that beginning of Wave 5 to trade above the top of rally((6111.80) and also the possibility new all time high formation above 6357.10 but good selling seen in last 2 sessions therefore Wave 5 formation confirmation is firstly required through crossing next resistance(5754).

Good selling at higher levels but lower levels strong supports also in last 6 sessions therefore Nifty will firstly trade between 6 Sessions actual trading range(5606-5754) and prepare for next trend in the coming sessions.

Pre-open Outlook(04-04-2013)

Sentiment is weak today morning after big down moves in all the Global markets during last 12 hours therefore gap down opening will be seen in Indian markets and Nifty may test next support range(5606-5645). It is confirm that Long Term Trend and Waves structure is again at stake after global markets crash today and it will be decided through finally sustaining beyond 5629.95. Although again slipping below 5629.95 can not be ruled out if negative news flow remain continued but sustaining it beyond should be firstly watched in the coming sessions.

6 Sessions actual trading between 5606-5754 and Nifty will prepare for next trend within this range in the coming sessions therefore valid break out of this range will give confirmation to next big moves. Follow up moves and intraday charts patterns formations within 5606-5754 will give first indication of next big trend formation,let it develop then will be updated accordingly in the next Outlooks as being done for the last 3 years as well as done again in last 2 days. Just click following Topic Link and verify on yours own live proofs of our accuracy:-

Live Proofs of Profitable trading calls and Accurate analysis

FII Trading Data in Derivatives Segment on 03-Apr-2013

FII & DII trading activity in Capital Market Segment on 03-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 03-Apr-2013 2353.92 2722.31 -368.39

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 03-Apr-2013 830.24 792.51 37.73

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

Nifty Spot-Levels

R3 5561
R2 5616
R1 5633
Avg 5688
S1 5705
S2 5760
S3 5777

Nifty Spot-Trading Strategy

H6 5579     Trgt 2
H5 5594     Trgt 1
H4 5610     Long breakout
H3 5630     Go Short
H2 5636
H1 5643
L1 5656
L2 5663
L3 5669     Long
L4 5689     Short Breakout
L5 5705     Trgt 1
L6 5720     Trgt 2

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

Nifty(Apr Fut)-Levels

R3 5842
R2 5802
R1 5745
Avg 5705
S1 5648
S2 5608
S3 5551

Nifty(Apr Fut)-Trading Strategy

H6 5785     Trgt 2
H5 5763     Trgt 1
H4 5741     Long breakout
H3 5714     Go Short
H2 5705
H1 5696
L1 5679
L2 5670
L3 5661     Long
L4 5634     Short Breakout
L5 5612     Trgt 1
L6 5590     Trgt 2