Main features of today trading are as follows
1- Red Candle
2- Confirm selling between 5800-5826
3- Intraday Distribution Patterns
4- All the indices closed near day's lows.
Ratios:
Nifty Put Call Ratio:0.78
Nifty P/E Ratio(28-04-2011):21.61
Advances & Declines:
BSE ADVANCES : 1045
BSE DECLINES : 1845
NSE ADVANCES : 437
NSE DECLINES : 978
Nifty Open Interest Changed Today
Nifty- 5700 CE(28MAY2011)- +158350(+17.30%)
Nifty- 5700 PE(28MAY2011)- +528300(+17.18%)
Nifty- 5800 CE(28MAY2011)- +709250(+51.11%)
Nifty- 5800 PE(28MAY2011)- +411750(+17.70%)
Nifty- 5900 CE(28MAY2011)- +662000(+37.49%)
Nifty- 5900 PE(28MAY2011)- -38100(-2.91%)
Closing
Nifty- closed at 5,785.45(-48.45 Points & -0.83%)
Sensex- closed at 19,292.02(-156.67 Points & -0.81% )
CNX MIDCAP - closed at 8,277.80(-61.15 Points & -61.15%)
BSE SMALL CAP- closed at 8,854.08(-42.96 Points & -0.48%)
Nifty-Micro Analysis of 10 Days Intraday Chart:-
Conclusions from Nifty-Micro Analysis of 10 Days Intraday Chart
1-Resistance between 5874-5912
2-Resistance between 5800-5829
3-Support between 5700-5740
Tomorrow(29-04-2011) Outlook
Today whole day selling between 5800-5826 confirmed correction minimum upto 5740. Nifty will not be able to sustain above 5800 in any positive sentiment and will test next Support range 5700-5740 tomorrow.
1- Red Candle
2- Confirm selling between 5800-5826
3- Intraday Distribution Patterns
4- All the indices closed near day's lows.
Ratios:
Nifty Put Call Ratio:0.78
Nifty P/E Ratio(28-04-2011):21.61
Advances & Declines:
BSE ADVANCES : 1045
BSE DECLINES : 1845
NSE ADVANCES : 437
NSE DECLINES : 978
Nifty Open Interest Changed Today
Nifty- 5700 CE(28MAY2011)- +158350(+17.30%)
Nifty- 5700 PE(28MAY2011)- +528300(+17.18%)
Nifty- 5800 CE(28MAY2011)- +709250(+51.11%)
Nifty- 5800 PE(28MAY2011)- +411750(+17.70%)
Nifty- 5900 CE(28MAY2011)- +662000(+37.49%)
Nifty- 5900 PE(28MAY2011)- -38100(-2.91%)
Closing
Nifty- closed at 5,785.45(-48.45 Points & -0.83%)
Sensex- closed at 19,292.02(-156.67 Points & -0.81% )
CNX MIDCAP - closed at 8,277.80(-61.15 Points & -61.15%)
BSE SMALL CAP- closed at 8,854.08(-42.96 Points & -0.48%)
Nifty-Micro Analysis of 10 Days Intraday Chart:-
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| Just click on chart for its enlarged view |
1-Resistance between 5874-5912
2-Resistance between 5800-5829
3-Support between 5700-5740
Tomorrow(29-04-2011) Outlook
Today whole day selling between 5800-5826 confirmed correction minimum upto 5740. Nifty will not be able to sustain above 5800 in any positive sentiment and will test next Support range 5700-5740 tomorrow.