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.
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.