Post-closing Report(03-05-2011) & Tomorrow Outlook

Main features of today trading and Nifty-Micro Analysis of today Intra Day Chart has been explained in following topic:-

Technical Analysis and Research For 04-05-2011

Ratios:

Nifty Put Call Ratio: 0.73
Nifty P/E Ratio(03-05-2011):20.68

Advances & Declines:

BSE ADVANCES :  659
BSE DECLINES : 2181
NSE ADVANCES :  194
NSE DECLINES : 1228

Nifty Open Interest Changed Today:-

Nifty- 5500 CE(28APR2011)- +1060150(+319.18%)
Nifty- 5500 PE(28APR2011)- +857300(+22.58%)

Nifty- 5600 CE(28APR2011)- +2910900(+385.63%)
Nifty- 5600 PE(28APR2011)- +1161050(+24.28%)

Closing :-

Nifty- closed at 5,565.25(-136.05 Points & -2.39%)
Sensex- closed at 18,534.69(-463.33 Points & -2.44% )
CNX MIDCAP - closed at 7,955.05(-165.05 Points & -2.03%)
BSE SMALL CAP- closed at 8,435.97(-179.22 Points & -2.08%)

Tomorrow(04-05-2011) Outlook

Short term indicators are oversold and Falling Wedge(Bullish Pattern) between 5640-5555 today therefore Nifty will get support at following support level and minor pull back rally expected tomorrow:-

1- Gap support between 5529-5561
2- Intraday condolidation(support) 5496-5529
        
Positive closing expected after initial negative zone trading tomorrow.