Main features of today trading are as follows
1- Black Candle
2- Most Indices closed in Red except IT,Reality,CG,Power and Health Care
3- Consolidation seen in last 3 hours at crucial support(5700)
4- Consolidation seen in 2/3 of 30 SENSEX Stocks
Ratios:
Nifty Put Call Ratio: 0.87
Nifty P/E Ratio(02-05-2011): 21.19
Advances & Declines:
BSE ADVANCES : 1002
BSE DECLINES : 1861
NSE ADVANCES : 421
NSE DECLINES : 988
Nifty Open Interest Changed Today
Nifty- 5600 CE(28APR2011)- +152900(+25.40%)
Nifty- 5600 PE(28APR2011)- +417850(+8.82%)
Nifty- 5700 CE(28APR2011)- +523150(+35.90%)
Nifty- 5700 PE(28APR2011)- +48150(+1.05%)
Nifty- 5800 CE(28APR2011)- +557350(+15.83%)
Nifty- 5800 PE(28APR2011)- +142150(+4.44%)
Closing
Nifty- closed at 5,701.30(-48.20 Points & -0.84%)
Sensex- closed at 18,998.02(-137.94 Points & -0.72% )
CNX MIDCAP - closed at 8,120.10(-80.85 Points & -99%)
BSE SMALL CAP- closed at 8,615.19(-100.12 Points & -1.15%)
Nifty-Micro Analysis of Intra Day Chart(02-05-2011):
Tomorrow(03-05-2011) Outlook
Last 10 days Intra Day Charts Micro Analysis is showing water-Fall(bullish) pattern and Micro Analysis of today Nifty Intra Day Chart is also suggesting last 3 hours intraday buying patterns between 5690-5710. 21 sessions trading range is 5688-5944 and consolidation signals emerged at lower levels of the range.
Technical positions are as follows:
1- 55 Day EMA is at 5704 today and sustaining it beyond will give intermediate term trend confirmation.
2- Nifty is at lower band of Bollinger Band and up moves within last 21 sessions range can be expected at this moment if follow up buying develop tomorrow.
3- very short term indicators(Stochastic and William %R) are oversold and very short term up moves can be expected at this moment if follow up buying develop tomorrow.
Survival of Intermediate term trend is at stake,tomorrow is its deciding day and that will be decided according to sustaining beyond 5700. Follow up buying tomorrow will mean sharp surge because water-Fall(bullish) pattern in last week and follow up selling will mean sustaining below 5693 and deep correction confirmations.
As lower levels consolidations today therefore up moves expected after follow up buying development and sustaining above 5700.
1- Black Candle
2- Most Indices closed in Red except IT,Reality,CG,Power and Health Care
3- Consolidation seen in last 3 hours at crucial support(5700)
4- Consolidation seen in 2/3 of 30 SENSEX Stocks
Ratios:
Nifty Put Call Ratio: 0.87
Nifty P/E Ratio(02-05-2011): 21.19
Advances & Declines:
BSE ADVANCES : 1002
BSE DECLINES : 1861
NSE ADVANCES : 421
NSE DECLINES : 988
Nifty Open Interest Changed Today
Nifty- 5600 CE(28APR2011)- +152900(+25.40%)
Nifty- 5600 PE(28APR2011)- +417850(+8.82%)
Nifty- 5700 CE(28APR2011)- +523150(+35.90%)
Nifty- 5700 PE(28APR2011)- +48150(+1.05%)
Nifty- 5800 CE(28APR2011)- +557350(+15.83%)
Nifty- 5800 PE(28APR2011)- +142150(+4.44%)
Closing
Nifty- closed at 5,701.30(-48.20 Points & -0.84%)
Sensex- closed at 18,998.02(-137.94 Points & -0.72% )
CNX MIDCAP - closed at 8,120.10(-80.85 Points & -99%)
BSE SMALL CAP- closed at 8,615.19(-100.12 Points & -1.15%)
Nifty-Micro Analysis of Intra Day Chart(02-05-2011):
 |
Just click on chart for its enlarged view |
Last 10 days Intra Day Charts Micro Analysis is showing water-Fall(bullish) pattern and Micro Analysis of today Nifty Intra Day Chart is also suggesting last 3 hours intraday buying patterns between 5690-5710. 21 sessions trading range is 5688-5944 and consolidation signals emerged at lower levels of the range.
Technical positions are as follows:
1- 55 Day EMA is at 5704 today and sustaining it beyond will give intermediate term trend confirmation.
2- Nifty is at lower band of Bollinger Band and up moves within last 21 sessions range can be expected at this moment if follow up buying develop tomorrow.
3- very short term indicators(Stochastic and William %R) are oversold and very short term up moves can be expected at this moment if follow up buying develop tomorrow.
Survival of Intermediate term trend is at stake,tomorrow is its deciding day and that will be decided according to sustaining beyond 5700. Follow up buying tomorrow will mean sharp surge because water-Fall(bullish) pattern in last week and follow up selling will mean sustaining below 5693 and deep correction confirmations.
As lower levels consolidations today therefore up moves expected after follow up buying development and sustaining above 5700.