Indian markets participated Crude $7 sudden fall fuelled global markets rally and closed with good gains. Main features are as follows:-
1- Long White Bullish candle.
2- All the sectoral Indices positive closing.
3- Crossed 1st resistance(5830)
4- Traded and closed within immediate last resistance of the rally(5870-5940).
Ratios:
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(13-04-2011):22.43
Advances & Declines:-
BSE ADVANCES : 1973
BSE DECLINES : 975
NSE ADVANCES : 1068
NSE DECLINES : 356
Nifty Open Interest Changed Today:-
Nifty- 5800 CE(28APR2011)- -1428700(-26.60%)
Nifty- 5800 PE(28APR2011)- +1885550(+38.58%)
Nifty- 5900 CE(28APR2011)- -1244900(-19.76%)
Nifty- 5900 PE(28APR2011)- +2905550(+107.84%)
Nifty- 6000 CE(28APR2011)- +152150(+2.05%)
Nifty- 6000 PE(28APR2011)- +1241000(+80.58%)
Closing :-
Nifty- closed at 5,911.50(+125.80 Points & +2.17%)
Sensex- closed at 19,696.86(+434.32 Points & +2.25% )
CNX MIDCAP - closed at 8,349.05(+119.10 Points & +1.45%)
BSE SMALL CAP- closed at 8,823.46(+113.55 Points & +1.30%)
Nifty-Micro Analysis of Intra Day Chart(13-04-2011):-
15 Apr 2011 Outlook:-
5th Wave is on,Long term and intermediate term trends were up and short term trend turned up after sharp surge on 13-04-2011. Short term correction has been completed and up ward force was so high that market consolidated at higher levels and shoot up. Last resistance range of on going rally is between 5870-5940 and Nifty has cleared this resistance upto 5823 on 13-04-2011.
Correction has been completed in blasting manner and sustaining above 5940 will mean fire works in Indian markets and then Nifty will test minimum 6120 in the coming week/weeks.
Expected that Nifty will sustain above 5940 in the coming week and fresh rally will be seen. For strong rally confirmation just watch sustaining above 5940 only.
1- Long White Bullish candle.
2- All the sectoral Indices positive closing.
3- Crossed 1st resistance(5830)
4- Traded and closed within immediate last resistance of the rally(5870-5940).
Ratios:
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(13-04-2011):22.43
Advances & Declines:-
BSE ADVANCES : 1973
BSE DECLINES : 975
NSE ADVANCES : 1068
NSE DECLINES : 356
Nifty Open Interest Changed Today:-
Nifty- 5800 CE(28APR2011)- -1428700(-26.60%)
Nifty- 5800 PE(28APR2011)- +1885550(+38.58%)
Nifty- 5900 CE(28APR2011)- -1244900(-19.76%)
Nifty- 5900 PE(28APR2011)- +2905550(+107.84%)
Nifty- 6000 CE(28APR2011)- +152150(+2.05%)
Nifty- 6000 PE(28APR2011)- +1241000(+80.58%)
Closing :-
Nifty- closed at 5,911.50(+125.80 Points & +2.17%)
Sensex- closed at 19,696.86(+434.32 Points & +2.25% )
CNX MIDCAP - closed at 8,349.05(+119.10 Points & +1.45%)
BSE SMALL CAP- closed at 8,823.46(+113.55 Points & +1.30%)
Nifty-Micro Analysis of Intra Day Chart(13-04-2011):-
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| Just click on chart for its enlarged view |
5th Wave is on,Long term and intermediate term trends were up and short term trend turned up after sharp surge on 13-04-2011. Short term correction has been completed and up ward force was so high that market consolidated at higher levels and shoot up. Last resistance range of on going rally is between 5870-5940 and Nifty has cleared this resistance upto 5823 on 13-04-2011.
Correction has been completed in blasting manner and sustaining above 5940 will mean fire works in Indian markets and then Nifty will test minimum 6120 in the coming week/weeks.
Expected that Nifty will sustain above 5940 in the coming week and fresh rally will be seen. For strong rally confirmation just watch sustaining above 5940 only.