Market is as follows after last Friday closing;-
Nifty whole day trading range- 5810-5840
Candle- Doji(confusion)
Intra day trading patterns- Condolidation
Put Call Ratio :1.23
Advances & Declines:-
NSE ADVANCES : 1145
NSE DECLINES : 278
BSE ADVANCES : 2176
BSE DECLINES : 704
Nifty Open Interest Changed:-
Nifty- 5800 CE(28APR2011)- -519850(-10.96%)
Nifty- 5800 PE(28APR2011)- +1285550(+60.57%)
Nifty- 5900 CE(28APR2011)- +1076600(+38.15%)
Nifty- 5900 PE(28APR2011)- +38700(+3.23%)
Closing :-
Nifty- closed at 5826.05(-7.70 Points & -0.13%)
Sensex- closed at 19420.39(-24.83 Points & -0.13% )
CNX MIDCAP - closed at 8129.10 (+88.95 Points & +1.11%)
BSE SMALL CAP- closed at 8358.19(+182.30 Points & +2.23%)
Nifty Intra Day Chart f of 01-04-2011:-
Monday(01-04-2011) Outlook
5th impulsive wave is on and all trends are up.
SENSEX and Nifty closed in Red last Friday but it is clear from Advances & Declines that broader market was positive as well as CNX MIDCAP and BSE SMALL CAP closed with good gains on Friday. Nifty intraday chart is also suggesting consolidation pattern therefore expected that Nifty will not sustain below last Fridy range and finally fresh up moves will restart within 2/3 sessions. Short term indicators are overbought and heated very short term correction may be possible.
Nifty whole day trading range- 5810-5840
Candle- Doji(confusion)
Intra day trading patterns- Condolidation
Put Call Ratio :1.23
Advances & Declines:-
NSE ADVANCES : 1145
NSE DECLINES : 278
BSE ADVANCES : 2176
BSE DECLINES : 704
Nifty Open Interest Changed:-
Nifty- 5800 CE(28APR2011)- -519850(-10.96%)
Nifty- 5800 PE(28APR2011)- +1285550(+60.57%)
Nifty- 5900 CE(28APR2011)- +1076600(+38.15%)
Nifty- 5900 PE(28APR2011)- +38700(+3.23%)
Closing :-
Nifty- closed at 5826.05(-7.70 Points & -0.13%)
Sensex- closed at 19420.39(-24.83 Points & -0.13% )
CNX MIDCAP - closed at 8129.10 (+88.95 Points & +1.11%)
BSE SMALL CAP- closed at 8358.19(+182.30 Points & +2.23%)
Nifty Intra Day Chart f of 01-04-2011:-
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| Just click on chart for its enlarged view |
5th impulsive wave is on and all trends are up.
SENSEX and Nifty closed in Red last Friday but it is clear from Advances & Declines that broader market was positive as well as CNX MIDCAP and BSE SMALL CAP closed with good gains on Friday. Nifty intraday chart is also suggesting consolidation pattern therefore expected that Nifty will not sustain below last Fridy range and finally fresh up moves will restart within 2/3 sessions. Short term indicators are overbought and heated very short term correction may be possible.