Following line was told in Post-open Outlook at 09:36:00 AM today:-
"Gap up opening but not strong"
As clearly told not strong within first half hour and today intra day results are as follows:-
1- Market did not moved up,closed at opening level and today Candle is 'Doji'(confusion)
2- MIDCAP and SMALL CAP slipped and closed near lower levels but not completely selling patterns.
3- Higher levels selling and it was also told with intraday chart at 12:49:00 PM today.
4- Confirm mixed patterns selling at higher levels and buying at lower levels.
Ratios:
Nifty Put Call Ratio: 1.14
Nifty P/E Ratio(21-04-2011):22.18
Advances & Declines:
BSE ADVANCES : 1405
BSE DECLINES : 1523
NSE ADVANCES : 634
NSE DECLINES : 775
Nifty Open Interest Changed Today:-
Nifty- 5700 CE(28APR2011)- -287450(-8.51%)
Nifty- 5700 PE(28APR2011)- +370300(+4.46%)
Nifty- 5800 CE(28APR2011)- -713200(-15.29%)
Nifty- 5800 PE(28APR2011)- +675850(+9.68%)
Nifty- 5900 CE(28APR2011)- -141000(-2.31%)
Nifty- 5900 PE(28APR2011)- +2506200(+50.50%)
Closing :-
Nifty- closed at 5,884.70(+33.05 Points & +0.56%)
Sensex- closed at 19,602.23(+131.25 Points & +0.67% )
CNX MIDCAP - closed at 8,313.95(+9.05 Points & +0.11%)
BSE SMALL CAP- closed at 8,878.57(+2.77 Points & +0.03%)
Nifty-Micro Analysis of Intra Day Chart(21-04-2011):-
Monday(25-04-2011) Outlook
Market was not strong since opening today and it was told within first half hour and today intra day selling was also shown through intra day chart. Although Nifty and SENSEX closed positive with moderate gains but today intraday intra day charts are suggesting mixed formations.
Today intra day consolidation was technical requirements because:-
1- Yesterday last one hour Rising Wedge(Bearish Pattern) Formation between 5825-5855
2- Next immediate resistance range(5860-5940)
Following lines were told in Pre-open Outlook today and again repeating today because already mentioned market moves will be seen in the coming sessions also:-
"Nifty will trade within immediate resistance range(5860-5940) therefore fresh consolidation and follow up buying is must to cross mentioned resistance."
Mixed patterns today and Market require more preparation for any side sustained moves and that will be done near today range on Monday. All trends are up and today consolidation signals also ssen today despite higher levels selling therefore consolidation and follow up buying possibility can not be ruled out on Monday .
Possibilities have been discussed above but Indian market require more preparation for any side sustained moves and that will be done near about today range(5864-5912) on Monday. As intra day higher levels selling today therefore First 3/4 hours intraday patterns will certainly be watched first on Monday and follow up buying snd consolidation will be next rally confirmation.
"Gap up opening but not strong"
As clearly told not strong within first half hour and today intra day results are as follows:-
1- Market did not moved up,closed at opening level and today Candle is 'Doji'(confusion)
2- MIDCAP and SMALL CAP slipped and closed near lower levels but not completely selling patterns.
3- Higher levels selling and it was also told with intraday chart at 12:49:00 PM today.
4- Confirm mixed patterns selling at higher levels and buying at lower levels.
Ratios:
Nifty Put Call Ratio: 1.14
Nifty P/E Ratio(21-04-2011):22.18
Advances & Declines:
BSE ADVANCES : 1405
BSE DECLINES : 1523
NSE ADVANCES : 634
NSE DECLINES : 775
Nifty Open Interest Changed Today:-
Nifty- 5700 CE(28APR2011)- -287450(-8.51%)
Nifty- 5700 PE(28APR2011)- +370300(+4.46%)
Nifty- 5800 CE(28APR2011)- -713200(-15.29%)
Nifty- 5800 PE(28APR2011)- +675850(+9.68%)
Nifty- 5900 CE(28APR2011)- -141000(-2.31%)
Nifty- 5900 PE(28APR2011)- +2506200(+50.50%)
Closing :-
Nifty- closed at 5,884.70(+33.05 Points & +0.56%)
Sensex- closed at 19,602.23(+131.25 Points & +0.67% )
CNX MIDCAP - closed at 8,313.95(+9.05 Points & +0.11%)
BSE SMALL CAP- closed at 8,878.57(+2.77 Points & +0.03%)
Nifty-Micro Analysis of Intra Day Chart(21-04-2011):-
 |
| Just click on chart for its enlarged view |
Market was not strong since opening today and it was told within first half hour and today intra day selling was also shown through intra day chart. Although Nifty and SENSEX closed positive with moderate gains but today intraday intra day charts are suggesting mixed formations.
Today intra day consolidation was technical requirements because:-
1- Yesterday last one hour Rising Wedge(Bearish Pattern) Formation between 5825-5855
2- Next immediate resistance range(5860-5940)
Following lines were told in Pre-open Outlook today and again repeating today because already mentioned market moves will be seen in the coming sessions also:-
"Nifty will trade within immediate resistance range(5860-5940) therefore fresh consolidation and follow up buying is must to cross mentioned resistance."
Mixed patterns today and Market require more preparation for any side sustained moves and that will be done near today range on Monday. All trends are up and today consolidation signals also ssen today despite higher levels selling therefore consolidation and follow up buying possibility can not be ruled out on Monday .
Possibilities have been discussed above but Indian market require more preparation for any side sustained moves and that will be done near about today range(5864-5912) on Monday. As intra day higher levels selling today therefore First 3/4 hours intraday patterns will certainly be watched first on Monday and follow up buying snd consolidation will be next rally confirmation.