Nifty-Micro Analysis of Intra Day Charts

Nifty-Micro Analysis of 3 Days Intra Day Charts(04-05-2011 to 06-05-2011)

Just click on chart for its enlarged view

Main features

1- Mixed Patterns in last 3 days between 5500-5560

a- 04-05-2011-
1- Intraday Resistance 5532-5546
2- Intraday support 5510-5530

b- 05-05-2011-
1- Genuine selling between 5525-5560
2- Mixed Patterns between 5455-5490

Nifty-Micro Analysis of Intra Day Chart(06-05-2011)

Just click on chart for its enlarged view

conclusions from Intra Day Chart(06-05-2011)

Patterns are mixed but conclusions are toward consolidations after using discretion

conclusions from 3 Days Intra Day Charts Analysis

All Bullish barriers have been broken down in last 7 sessions Bearish storm and until complete consolidation will not happen till then market will not reverse. Sustaining above minimum one resistance is must for an up move confirmations. Nifty traded most of the time with mixed trading patterns between 5500-5560 in last 3 days. Nifty traded between 5500-5560 with trading patterns but conclusion is favouring consolidations.

Last 3 days range is 5500-5560 and its break out will mean:-

1- Nifty crossed 5560 but slipped and closed below it within mentioned range. Nifty crossing and sustaining above 5560  will mean 3 days base formation after 9 days sharp fall but sustaining above 5585 and 200 Day EMA is must for trend reversal and Bull rally.

2- Bear phase is on and fresh seeling in the begining of coming week will lead below 5500 for deep bearish market.

As 3 days narrow range moves therefore will better and safer to watch 5500-5560 and get confirmations from break out in first couple of sessions in next week.

FII Trading Data in Derivatives Segment on 06-May-2011

Indian Stock Markets Report(06-05-2011)

Main features of today trading are as follows

1- Long White Candle
2- Strong closing after strong opening
3- All the Indices closed in Green.

Ratios

Nifty Put Call Ratio:0.78
Nifty P/E Ratio(05-05-2011):20.32

Advances & Declines

BSE ADVANCES : 1613
BSE DECLINES : 1198
NSE ADVANCES :  893
NSE DECLINES :  502

Nifty Open Interest Changed Today

Nifty- 5400 CE(28APR2011)- +13150(+0.78%)
Nifty- 5400 PE(28APR2011)- +618700(+11.98%)

Nifty- 5500 CE(28APR2011)- -517650(-11.86%)
Nifty- 5500 PE(28APR2011)-  +768000(+18.54%)

Nifty- 5600 CE(28APR2011)-  -259850(-4.68%)
Nifty- 5600 PE(28APR2011)-  -170800(-4.20%)

Closing

Nifty- closed at 5,551.45(+91.60 Points & +1.68%)
Sensex- closed at 18,518.81(+308.23 Points & +1.69% )
CNX MIDCAP - closed at 7,965.40(+131.95 Points & +1.68%)
BSE SMALL CAP- closed at 8,342.58(+55.51 Points & +0.67%)

FII & DII trading activity in Capital Market Segment on 06-May-2011

FII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-May-2011 2579.11 3234.45 -655.34

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-May-2011 2065.76 1047.72 1018.04

Nifty Spot-Levels & Trading Strategy for 09-05-2011

Nifty Spot-Levels

R3 5678
R2 5621
R1 5586
Avg 5529
S1 5494
S2 5437
S3 5402

Nifty Spot-Trading Strategy

H6 5644     Trgt 2
H5 5622     Trgt 1
H4 5601     Long breakout
H3 5576    Go Short
H2 5567
H1 5559
L1 5542
L2 5534
L3 5525     Long
L4 5500     Short Breakout
L5 5479     Trgt 1
L6 5457     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 09-05-2011

Nifty(May Fut)-Levels

R3 5702
R2 5638
R1 5596
Avg 5532
S1 5490
S2 5426
S3 5384

Nifty(May Fut)-Trading Strategy

H6 5662     Trgt 2
H5 5638     Trgt 1
H4 5613     Long breakout
H3 5584     Go Short
H2 5574
H1 5564
L1 5545
L2 5535
L3 5525     Long
L4 5496     Short Breakout
L5 5472     Trgt 1
L6 5447     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 09-05-2011

Bank Nifty(May Fut)-Levels

R3 12588
R2 12157
R1 11650
Avg 11219
S1 10712
S2 10281
S3 9774

Bank Nifty(May Fut)-Trading Strategy

H6 12111     Trgt 2
H5 11885     Trgt 1
H4 11658     Long breakout
H3 11400     Go Short
H2 11314
H1 11228
L1 11057
L2 10971
L3 10885     Long
L4 10627     Short Breakout
L5 10400     Trgt 1
L6 10174     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(09-05 to 13-05-2011)

Nifty Spot-Weekly Levels

R3 6067
R2 5921
R1 5736
Avg 5590
S1 5405
S2 5259
S3 5074

Nifty Spot-Weekly Trading Strategy

H6 5888     Trgt 2
H5 5810     Trgt 1
H4 5733     Long breakout
H3 5642     Go Short
H2 5611
H1 5581
L1 5520
L2 5490
L3 5459    Long
L4 5368     Short Breakout
L5 5291     Trgt 1
L6 5213     Trgt 2

Pre-closing Outlook(06-05-2011)

Nifty crossed 1st resistance after strong opening today and it is yesterday bottoming out confirmation. Final conclusion from today intraday patterns is consolidations. If Nifty sustains above 5560 and cross 5585 in next week then will be Bull market survival.

Mid-session Outlook-3(06-05-2011)

5520 crossed and Nifty is trading between next 1st resistance 5520-2260. Up moves are with good force today and crossing of 5560 will be Pull back rally confirmation.

Mid-session Outlook-2(06-05-2011)

3 hours selling between 5500-5520 and Nifty slipped to 5472 and then recovered fast also.As sentiment is extremely depressed therefore people  can  not hold positions and panic selling starts. Today fast recovery is certainly a positive move and 5475-5485 has developed minor support also.

First of all watch 5500-5520 and its break out will be first indicaton. 5475-5560 crossing will be next sustained move confirmation. For any up move Nifty require complete consolidation between 5525-5560 and it will take its own time. 5475-5485 is minor support and will be easily cleared if fresh selling develops today.

Mid-session Outlook(06-05-2011)

As intraday charts told therefore Following line was told in Technical Analysis and Research For 06-05-2011

Genuine selling between 5525-5560

Clearly following line was told and cautioned in Post-open Outlook(06-05-2011)

confirmation will be minimum crossing next resistance range(5525-5560).

Intraday charts showed 3 hours selling between 5500-5520 today and this sellling is exactly below yesterday genuine selling range therefore yesterday resistance strengthened and more down moves are expected.

Technicals and Intraday Charts Analysis online Course 2011-12

Technicals and Intraday Charts Analysis online Course 2011-12 from 01-06-2011


Only we teach Intraday Charts analysis in India 


Become Stock and Commodity Market Expert

Post-open Outlook(06-05-2011)

Indian markets closed near the lows of the day yesterday but intraday charts did not suggested pure selling but buying signals were also seen therefore following lines were told in all the outlooks posted for today:-

1- Mixed Patterns between 5455-5490
2- Nifty will first trade within or near about 5455-5490 for next moves preparations.

All the Global markets are in Red and sentiment was deep depressed but Indian markets opening is certainly strong. If Nifty sustains at higher levels and close above 5500 today then it will be first indication of yesterday bottom formation yesterday and confirmation will be minimum crossing next resistance range(5525-5560).

Today 1% up is Pull Back Rally and strong move also. Next 2/3 hours intraday charts formations and sustaining beyond 5500 will give next moves first indication.

Pre-Open Market Outlook(06-05-2011)

All trends are down and market is bearish. Market require complete consolidation for a Bullish rally and until that will not happen till then this possibility will not be considered. Short term oscillators are oversold therefore only pull back rally will be expected at this moment and it may begin after couple of hours to couple of sessions consolidation.

Huge voltality is Bear market character and will be seen also. Previous Wave(5177-5944) has been retraced 61.8%(5469) and Nifty closed below it ar 5459 yesterday,as mixed Patterns between 5455-5490 yesterday therefore if fresh consolidation develop near about then a very shot term up move will be seen. Next retracement levels are as follows:-

1- 70.7%- 5401
2- 76.4%- 5358
3- 78.6%- 5341
4- 88.6%- 5264

Next 3 supports are as follows:-

1- 5348
2- 5233
3- 5178

At present 1st Resistance range is 5525-5560 and until Nifty will not sustain above it till then bullish rally begining will not be considered. Mixed Patterns between 5455-5490 yesterday therefore Nifty will first trade within or near about this range for next moves preparations. Intraday consolidation today will mean only pull back rally possibility maximum upto 5525. Market is in Bear phase therefore fresh selling today will mean more sharp down moves toward above mentioned retracement levels and supports.

As mixed Patterns between 5455-5490 in last 3 hours yesterday therefore next immediate market and today closing will be decided according to first 2/3 hours trading.

Tomorrow(06-05-2011) Outlook

Technical Positions have already been posted in following topic with 2 Chart therefore not being repeated

Technical Analysis and Research For 06-05-2011

Sentiment is depressed therefore market may be volatile tomorrow. Market has turned bearish and require complete consolidation for a big rally. Only pull back rally can be expected. Tomorrow expected trading range is 5425-5490

Technical Analysis and Research For 06-05-2011

Technical Analysis of EOD Chart(05-05-2011)

Just click on chart for its enlarged view

Next 3 bottoms are next supports:- 

B3- 5348

B2- 5233

B1- 5178

Conclusions

Nifty was already below 55 Day EMA and 200 Day EMA and continuation pattern Pennant cancelled today after breaking down of 5485. Bearish phase confirmation and selling at each step.

Nifty-Micro Analysis of Intra Day Chart(05-05-2011):-

Just click on chart for its enlarged view

Main Features

Genuine selling between 5525-5560

Mixed Patterns between 5455-5490

Conclusions

Genuine selling between 5525-5560 and this selling was confirmed at 10:33:00 AM today and following line was told 3 hours before today down move begining:-

"Selling signals emerged between 5540-5559 today"

As mixed Patterns between 5455-5490 today therefore Nifty will first trade within or near about this range for next moves preparations.

Conclusions (After Putting EOD and Intraday charts analysis together)

Bear phase is confirm and following line was also told  at 01:15:00 PM  in Mid-session Outlook-3:-

Now bear market confirmation and more down moves are possible.

Market require complete consolidation for any rally and until that will not haappen till then any rally will not be imagined. 1st reistance range as of today is 5525-5560 and any rally begining will be considered only after sustaining above 5560. Mentioned B1 to B3 will be watched for next supports and pull back rally may be seen from these points in next week.

Sentiment depressed therefore voltality may be seen and Nifty will first trade within or near about 5455-5490 for next moves preparations.

Nifty Spot-Levels & Trading Strategy for 06-05-2011

Nifty Spot-Levels

R3 5648
R2 5604
R1 5531
Avg 5487
S1 5414
S2 5370
S3 5297

Nifty Spot-Trading Strategy

H6 5576     Trgt 2
H5 5549     Trgt 1
H4 5523     Long breakout
H3 5491     Go Short
H2 5480
H1 5469
L1 5448
L2 5437
L3 5426     Long
L4 5394     Short Breakout
L5 5368     Trgt 1
L6 5341     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 06-05-2011

Nifty(May Fut)-Levels

R3 5669
R2 5621
R1 5539
Avg 5491
S1 5409
S2 5361
S3 5279

Nifty(May Fut)-Trading Strategy

H6 5588     Trgt 2
H5 5558     Trgt 1
H4 5529     Long breakout
H3 5493     Go Short
H2 5481
H1 5469
L1 5446
L2 5434
L3 5422     Long
L4 5386     Short Breakout
L5 5357     Trgt 1
L6 5327     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 06-05-2011

Bank Nifty(May Fut)-Levels

R3 11240
R2 11123
R1 10935
Avg 10818
S1 10630
S2 10513
S3 10325

Bank Nifty(May Fut)-Trading Strategy

H6 11054     Trgt 2
H5 10985     Trgt 1
H4 10915     Long breakout
H3 10831     Go Short
H2 10803
H1 10775
L1 10720
L2 10692
L3 10664     Long
L4 10580     Short Breakout
L5 10510     Trgt 1
L6 10441     Trgt 2

FII Trading Data in Derivatives Segment on 05-May-2011

FII & DII trading activity in Capital Market Segment on 05-May-2011

FII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-May-2011 2005.09 2784.57 -779.48

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-May-2011 1826.36 889.13 937.23

Pre-closing Outlook(05-05-2011)

4 hours intraday genuine selling patterns within 5538-5559 today and after that range broken down as well as breaking of 5485 is confirmation of Bearish market. Following line was told in Mid-session Outlook-3 today,as applicale now also therefore being repeated.

Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.

As told immediately after begining of down moves,same is seen and sharp down moves were seen today.

As selling at each step therefore market require full consolidation for any rally and until that will not haappen till then any up move will not be considered. Down moves are on and next strong support is at 5177..

Mid-session Outlook-3(05-05-2011)

Selling was told in following line at 10:33:00 AM  today

"Selling signals emerged between 5540-5559 today"

Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.

Mid-session Outlook-2(05-05-2011)

Selling signals emerged between 5540-5559 today  and any upmove will get confirmation above 5560. Now next moves confirmation range is 5496-5560. Minor buying and Minor selling ranges within this range are as follows:-

1- Buying- 5515-5525
2- Selling- 5540-5559

As selling signals also emerged today after yesterday buying  within mentioned trading range(5496-5560) therefore market is poised for any side break out.

Mid-session Outlook(05-05-2011)

Support at 5515-5525 was told 12:40 PM yesterday and since then Nifty not moved below it and traded most of the time above it. Market preparation for next moves range of 5496-5550 is given in all the outlooks for today market and Nifty is trading within this range today. Nifty moved above 5550 but slipped and again trading within this range. Let market prepare then final conclusions will be drawn from intraday charts patterns. Suataining beyond this range will be next moves confirmation.

Post-open Outlook(05-05-2011)

Asian markets are flat therefore Sentiment is quiet. Today expected first range is 5496-5550 and Nifty will trade first within this range. This range break out will decide Bear market confirmation or revival of Bull market hopes. Breaking down 5496 will mean that Nifty 5485 will not survive and Bearish phase will commence. Sustaining above 5550 will mean survival of Bull market but confirmation will be sustaining above 200 Day EMA.

Flat opening today but not weak. As lower levels support within 5510-5530 yesterday until Nifty is above it til then Bull market revival hopes are alive. First 15 minutes trading has not shown weakness signals.

Post-closing Report(04-05-2011) & Tomorrow Outlook

Main features of today trading are as follows

1- Most indics closed in Red
2- Reb Candle
3- Mixed intraday trading patterns

Ratios:

Nifty Put Call Ratio: 0.81
Nifty P/E Ratio(04-05-2011): 20.58

Advances & Declines:

BSE ADVANCES : 1073
BSE DECLINES : 1751
NSE ADVANCES :  446
NSE DECLINES :  961

Nifty Open Interest Changed Today:-

Nifty- 5500 CE(28APR2011)- +1556900(+111.81%)
Nifty- 5500 PE(28APR2011)- +644250(+14.29%)

Nifty- 5600 CE(28APR2011)- +1337900(+36.70%)
Nifty- 5600 PE(28APR2011)- -194550(-3.42%)

Closing :-

Nifty- closed at 5,537.15(-28.10 Points & -0.50%)
Sensex- closed at 18,460.62(-74.07 Points & -0.40% )
CNX MIDCAP - closed at 7,907.50(-47.55 Points & -0.60%)
BSE SMALL CAP- closed at 8,390.30(-45.67 Points & -0.54%)

Tomorrow(05-05-2011) Outlook

Technical analysis and Research and next possibilities have already been posted in following topic with 2 ChartS therefore not repeated:-

Technical Analysis and Research For 05-05-2011

55 Day EMA and 200 Day EMA has been broken down and with this all the trends are down now. Only it has to be decided tomorrow and in the coming sessions that Indian markets are moving into bearish phase or not. As short term indicators are oversold therefore Pull Back rally possibility will also be condidered. Opening will depend on Global cues but final confirmations will be received from sustaining beyond 5485-5550.

Below 5485 will be Bearish phase confirmation. Sustaining above 5550 will mean survival of Bull market but confirmation will be sustaining above 200 Day EMA.

Technical Analysis and Research For 05-05-2011

Technical Analysis of EOD Chart(04-05-2011)

Just click on chart for its enlarged view

Next 3 supports

1- Intraday condolidation(support) 5496-5529
2- Gap support between 5485-5496
3- Support at Rising Trendline(5485)

Conclusions

All trends are down and only hope for Bull Market survival is Continuation Pattern Pennant Formation(Bullish). Its Rising Trendline has not been intersected downward yet. Next Gap support is between 5485-5496 and has not been tested in recent fall.

Nifty sustaining below 5485 will be Pennant breaking down and failure of next support(5485-5496) confirmation. Sustaining beyond 5485 will be watched now and it is last hope of Bull market survival.

Nifty-Micro Analysis of Intra Day Chart(04-05-2011)

Add caption

Main Features

1- Panic Top
2- Intraday Resistance 5532-5546
3- Intraday support 5510-5530

Conclusions

Nifty opened gap up,consolidated between 5496-5529 on 24-03-2011 and after that rally upto 5944 was seen. Nifty again traded between this range today. Selling seen between 5532-5546 today and intraday support also seen between 5510-5530 today.

Conclusions (After Putting EOD and Intraday charts analysis together)

5496-5529 is strong suppport range and Nifty traded most of the time between 5510- 5550 today therefore next trading range for tomorrow is 5496-5550 and break out of this range will give almost confirmation to next phase of Indian markets.

Breaking down 5496 will mean that Nifty 5485 will not survive and Bearish phase will commence. Sustaining above 5550 will mean survival of Bull market but confirmation will be sustaining above 200 Day EMA.

FII & DII trading activity in Capital Market Segment on 04-May-2011

FII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-May-2011 2137.74 3129.88 -992.15

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-May-2011 1775.52 861.42 914.1

Nifty Spot-Levels & Trading Strategy for 05-05-2011

Nifty Spot-Levels

R3 5650
R2 5614
R1 5575
Avg 5539
S1 5500
S2 5464
S3 5425

Nifty Spot-Trading Strategy

H6 5612     Trgt 2
H5 5595     Trgt 1
H4 5578     Long breakout
H3 5557     Go Short
H2 5550
H1 5543
L1 5530
L2 5523
L3 5516     Long
L4 5495     Short Breakout
L5 5478     Trgt 1
L6 5461     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 05-05-2011

Nifty(May Fut)-Levels

R3 5665
R2 5628
R1 5583
Avg 5546
S1 5501
S2 5464
S3 5419

Nifty(May Fut)-Trading Strategy

H6 5620     Trgt 2
H5 5601     Trgt 1
H4 5583    Long breakout
H3 5560     Go Short
H2 5553
H1 5545
L1 5530
L2 5522
L3 5515     Long
L4 5492     Short Breakout
L5 5474     Trgt 1
L6 5455     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 05-05-2011

Bank Nifty(May Fut)-Levels

R3 11253
R2 11149
R1 11039
Avg 10935
S1 10825
S2 10721
S3 10611

Bank Nifty(May Fut)-Trading Strategy

H6 11144     Trgt 2
H5 11095     Trgt 1
H4 11046     Long breakout
H3 10987     Go Short
H2 10968
H1 10948
L1 10909
L2 10889
L3 10870    Long
L4 10811     Short Breakout
L5 10762     Trgt 1
L6 10713     Trgt 2

Pre-closing Outlook(04-05-2011)

As soon as intraday charts suggested consolidation then following lines were told near the lows of the day in Mid-session Outlook-2:-

1- intraday support indication also between 5515-5525 today
2- As consolidation signals started to emerge today therefore survival hopes of most important support of 5485 is still alive.
3- First of all today range 5505-5550 break out will be watched

Nifty recovered 60 points fast in one hour but retraced more fast and lost all the gains within 15 minutes and again trading between 5505-5550,this range will decide correction completion or continuation therefore mentioned rally should be watched and get confirmations from sustaining beyond given range.

Mid-session Outlook-2(04-05-2011)

Nifty opened gap up,consolidated between 5496-5529 on 24-03-2011 and after that rally upto 5944 was seen. Nifty is again trading between this range today. Selling seen between 5532-5546 today and intraday support indication also between 5515-5525 today.

Narrow range market between 5505-5550 today. As lower levels support also today therefore this range break out may be toward any side and also give next decisive moves to Indian markets.

As consolidation signals started to emerge today therefore survival hopes of most important support of 5485 is still alive. Importance of 5485 will be posted after market today.

First of all today range 5505-5550 break out will be watched and according to that correction completion or continuation will get confirmations.

Mid-session Outlook(04-05-2011)

Follow up selling between 5532-5546 and Nifty is down. 5485 is last hope for bull market after Nifty slipping below 200 Day EMA. As selling today also therefore slipping below 5500 is possible and sustaining above/below 5485 will be confirmation of Big Moves.

Post-open Outlook(04-05-2011)

All trends are down and deep Red Asian markets fuelled falling Indian markets today. Supports within 5496-5529,Nifty slipped fast and recovered from 5503. Intraday voltality and such recovery is very much possible in oversold market. If Nifty holds above 5529 today then minor pull back rally will be expected.

NIFTY-MAY F&O-1ST BUYING OF 03-05-2011-COVERING

NIFTY MAY F & O(BOUGHT ON 03-05-2011)-COVER IMMEDIATELY-CMP-5545(WE SHALL BUY AGAIN BUT FIRST COVER)

NIFTY-MAY F&O-1ST BUYING OF 03-05-2011-MESSAGE

NIFTY-MAY F&O-1ST BUYING OF 03-05-2011- ASIAN MARKETS DEEP DOWN AND INDIAN MARKET WILL BE VOLATILE THEREFORE HOLD AND COVER AFTER MY COVERING MESSAGE

Pre-Open Market Outlook(04-05-2011)

US futures is more than 50 points down today and resultant all the Asian markets are in deep Red today morning. Negative zone trading firstly expected after weak opening today and next supports are as follows;-

1- Gap support between 5529-5561
2- Intraday condolidation(support) 5496-5529

Expected that Nifty will get support within above mentioned supports. Voltality, minor pull back rally and flat to positive closing will be seen today.

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.

Technical Analysis and Research For 04-05-2011

Technical Analysis of EOD Chart

Just click on chart for its enlarged view

Main features next supports after today trading are as follows

Next 4 supports

1- Gap support between 5529-5561
2- Intraday condolidation(support) 5496-5529
3- Gap support between 5485-5496
4- Support at Rising Trendline

Crucial developments of today

1- 55 Day EMA and 200 Day EMA broken down forcefully
2- Long Black Candle
3- Continuation Pattern Pennant Formation(Bullish) is existing after today big fall

Nifty-Micro Analysis of today Intra Day Chart for 04-05-2011

Just click on chart for its enlarged view

Main features of today trading are as follows

1- Intraday Selling between 5675-5705
2- Falling Wedge(Bullish Pattern) between 5640-5555

Nifty Spot-Levels & Trading Strategy for 04-05-2011

Nifty Spot-Levels

R3 5821.33
R2 5765.67
R1 5665.33
PIVOT 5609.67
S1 5509.33
S2 5453.67
S3 5353.33

Nifty Spot-Trading Strategy

H6 5721     Trgt 2
H5 5686     Trgt 1
H4 5650     Long breakout
H3 5607     Go Short
H2 5593
H1 5579
L1 5550
L2 5536
L3 5522     Long
L4 5479     Short Breakout
L5 5443     Trgt 1
L6 5408     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 04-05-2011

 Nifty(May Fut)-Levels

R3 5842.00
R2 5784.00
R1 5676.00
PIVOT 5618.00
S1 5510.00
S2 5452.00
S3 5344.00

Nifty(May Fut)-Trading Strategy

H6 5734     Trgt 2
H5 5696     Trgt 1
H4 5659     Long breakout
H3 5613    Go Short
H2 5598
H1 5583
L1 5552
L2 5537
L3 5522    Long
L4 5476     Short Breakout
L5 5439     Trgt 1
L6 5401    Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 04-05-2011

Bank Nifty(May Fut)-Levels

R3 11757.33
R2 11568.67
R1 11243.33
PIVOT 11054.67
S1 10729.33
S2 10540.67
S3 10215.33

Bank Nifty(May Fut)-Trading Strategy

H6 11434     Trgt 2
H5 11317     Trgt 1
H4 11200     Long breakout
H3 11059     Go Short
H2 11012
H1 10965
L1 10870
L2 10823
L3 10776     Long
L4 10635     Short Breakout
L5 10518    Trgt 1
L6 10401    Trgt 2

NIFTY-MAY F&O-1ST BUYING OF 03-05-2011-TRADE

NIFTY(MAY FUT-BUY-POSITIONAL)SL-5544-TGT-5644-CMP-5567

NIFTY(MAY CALL OPTION-BUY-POSITIONAL)SL-5544-TGT-5644-S.P.FOR CALL-5500,5600(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5567

Mid-session Outlook-2(03-05-2011)

Last 21 days range and 55 Days EMA(5704) forcefully broken down today and Nifty is hovering around 200 Days EMA(5633) and sustaining below it today will mean Long term trend turning down. As today intraday charts suggested  intra day selling indications therefore we sold our long positions at 5597(proofs are available in blog-Just Click).

Sustaining beyond 5633 will be Long term trend confirmations and slipping below it will mean Bearish market possibility. Next support is 5561 below 5633.

Mid-session Outlook(03-05-2011)

RBI Credit Policy triggered intermediate term down trend after huge intraday voltality today. Last 21 days range and 55 Days EMA broken down today. More down moves and 200 Days EMA testing possibility can not be ruled out.

Post-open Outlook(03-05-2011)

Global cues are weak and Nifty is trading below 5700 since opening today. Indian markets are technically poised for pull back rally but voltality is possible due to weaker global cues and RBI credit policy uncertainity. Decisive moves are expected after credit policy announcements and sustainability beyond 5700 will be confirmation.

NIFTY-MAY F&O-1ST BUYING OF 02-05-2011-COVERING

NIFTY MAY F & O(BOUGHT ON 02-05-2011)-COVER IMMEDIATELY-CMP-5697(WE MAY BUY AGAIN BUT FIRST COVER)

NIFTY-MAY F&O-1ST BUYING OF 02-05-2011-MESSAGE

NIFTY-MAY F&O-1ST BUYING OF 02-05-2011- MARKET WILL BE VOLATILE,HOLD AND WE MAY WAIT UPTO RBI CREDIT POLICY & COVERING MESSAGE WILL BE POSTED POSITIVELY

Pre-Open Market Outlook(03-05-2011)

Indian markets are technically poised for a pull back rally between 5700-5800 but global markets are slipping today therefore sustaining beyond 5700 will be watched after weak opening today and according to that next market view will be formed.  Sustaining beyond 5700 implications have already been discussed in Post-closing Report(02-05-2011) & Tomorrow Outlook yesterday.

Nifty-Micro Analysis of 5 Days Intra Day Chart

Just click on chart for its enlarged view

Main features are as follows

1- Water-Fall(Bullish) pattern in last 4 sessions
2- Last 4 sessions down moves are in falling Channel

Channel break out will give first indication of next strong move. As Water-Fall(Bullish) pattern formations in last 4 sessions therefore rally expected after upside break out.

Post-closing Report(02-05-2011) & Tomorrow Outlook

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):

Just click on chart for its enlarged view

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.

FII Trading Data in Derivatives Segment on 02-May-2011

Nifty-Micro Analysis of Intra Day Chart(02-05-2011):

Just click on chart for its enlarged view

Conclusions are as follows

1- Last 3 hours consolidation between 5690-5710
2- Distribution between 5725-6740

As base formation and support between 5725-5740 and some selling at higher levels also today therefore firstly trading between 5690-5750 will be seen. Base formation at lower level today therefore firstly very short term up moves expected tomorrow. Let follow up buying/selling develop tomorrow then final conclusions will be drawn from 5690-5750 break out.

FII & DII trading activity in Capital Market Segment on 02-May-2011

FII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 02-May-2011 1865.78 2126.81 -261.03

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 02-May-2011 901.12 1051.64 -150.52

Nifty Spot-Levels & Trading Strategy for 03-05-2011

Nifty Spot-Levels

R3 5843
R2 5809
R1 5755
Avg 5721
S1 5667
S2 5633
S3 5579

Nifty Spot-Trading Strategy

H6 5789     Trgt 2
H5 5769     Trgt 1
H4 5749     Long breakout
H3 5725     Go Short
H2 5717
H1 5709
L1 5692
L2 5684
L3 5676     Long
L4 5652     Short Breakout
L5 5632     Trgt 1
L6 5612     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 03-05-2011

Nifty(May Fut)-Levels

R3 5862
R2 5826
R1 5775
Avg 5739
S1 5688
S2 5652
S3 5601

Nifty(May Fut)-Trading Strategy

H6 5812     Trgt 2
H5 5792     Trgt 1
H4 5772     Long breakout
H3 5748     Go Short
H2 5740
H1 5732
L1 5717
L2 5709
L3 5701     Long
L4 5677     Short Breakout
L5 5657     Trgt 1
L6 5637     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 03-05-2011

Bank Nifty(May Fut)-Levels

R3 11864
R2 11726
R1 11505
Avg 11367
S1 11146
S2 11008
S3 10787

Bank Nifty(May Fut)-Trading Strategy

H6 11644     Trgt 2
H5 11563     Trgt 1
H4 11481     Long breakout
H3 11382     Go Short
H2 11349
H1 11316
L1 11251
L2 11218
L3 11185     Long
L4 11086     Short Breakout
L5 11004     Trgt 1
L6 10923     Trgt 2

NIFTY-MAY F&O-1ST BUYING OF 02-05-2011-TRADE

NIFTY(MAY FUT-BUY-POSITIONAL)SL-5684-TGT-5784-CMP-5719

NIFTY(MAY CALL OPTION-BUY-POSITIONAL)SL-5684-TGT-5784-S.P.FOR CALL-5700,5800(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5719

Pre-closing Outlook(02-05-2011)

Nifty moves 2 times below 5693 today and if sustains below then that will be Intermediate term trend turning down and deeper correction confirmation. As last 2 hours intraday charts are showing consolidation indications therefore this confirmation is must.

Mid-session Outlook-2(02-05-2011)

Market slipped after higher levels selling today and trading near 5700. Nifty sustaining below 5693 will mean crucial support breaking down and Intermediate term trend turning down as well and that will be deeper correction corfirmation.

Watch 5693 breaking down and then be bearish.

Mid-session Outlook(02-05-2011)

Intraday patterns are suggesting selling today also

Post-open Outlook(02-05-2011)

Positive opening but lost all the gains within first 5 minutes and trading in Red despite Dow's futures is trading more than 100 points up and Asian markets are positive. Nifty is trading at the higher levels of support range(5695-5730). Consolidation for any up move is must and distribution today will lead toward below 5695.

Follow up buying or selling will be decided after next 2/3 hours trading. Next moves confirmation levels have already beeen explained in Weekly Outlook(02-05-2011 to 06-05-2011) 

Indian markets have shown weakness and firstly watch break out of 5730-5780 for next moves confirmations

Weekly Outlook(02-05-2011 to 06-05-2011)

Indian markets technical positions are as follows

1- Long term trend is up and will be down after sustaining below 200 Day EMA(Today at 5632)
2- Intermediate term trend is up and will be down after sustaining below 5693.
3- Short term trend is down and will be up after sustaining below 5856.
4- Tripple top formations with intraday charts distribution patterns within 5880-5912 therefore it is strong resistance and market require complete consolidation to cross it.
5- Next support range is 5695-5730 and it is weak support.
6- Nifty got intraday support between 5707-5725 on 30-04-2011.
7- Last 20 sessions trading range is 5695-5944 with tripple top and double bottom formations.

Resistance and Supports

1- Resistance at Falling Trend Line(5944)
2- Support at 5693
3- Support at 200 Day EMA(Today at 5632)
4- Support at 5561(Gap)
5- Support at Rising Trend Line(5561)

Supports & Resistance Chart:-

Just click on chart for its enlarged view

Conclusions (After Putting All Studies Together)

Higher levels selling is clear from Nifty-Micro Analysis of 10 Days Intra Day Chart therefore down moves were seen but in Water Fall (Bullish) Pattern also in last 3 days. Next support range is 5695-5730 and breaking down of 5695 will mean Intermediate term trend turning down, that will be confirmation of  more downward moves with 3 weeks to 3 months down markets.

Weekly MACD Upward intersection and Pennant Formation are telling down moves maximum upto rising trend line and then up moves. Correction is on but Long term trend is up and expectd that Nifty will condolidate after getting support at above mentioned levels and rally will remain continued.

Present market is range bound range between 5695-5944 and follow up moves in the begining of week will decide deeper correction or range bound market but it is conform that market require complete consolidation and that will take its own time in consolidation process.

As good selling at higher levels therefore market was down but intraday support also seen last Friday therefore firstly range bound market between 5730-5780 in the begining of week,then follow up buying or selling within this range and after that follwing ranges break out will decide next moves:-

1- 5730-5780- First strong indication of next moves but multiple resistances above 5780 and market require complete consolidation at each step for a rally.
2  5695-5912- Deeper correction below 5693 and rally confirmation above 5912

Follow up moves between 5730-5780 and according to break out next moves will be will be seen in the week.

Nifty-Micro Analysis of 10 Days Intra Day Chart(15-04 to 30-04-2011)

Just click on chart for its enlarged view

Main Features are as follows

1- Strong resistance between 5860-5912
2- Weak support between 5695-5730
3- Water Fall (Bullish) Pattern in last 3 days down moves.

Fistly trading between mentioned resistance and Support ranges. As good selling at higher levels therefore complete consolidation is required to cross mentioned resistances and follow up selling in the first 2 sessions of next week will mean deeper correction with Intermediate term trend turning down and testing possibility of Rising Support Line of Pennant pattern as well as 200 Day EMA(Today at 5632).

Present market is range bound range between 5695-5944 and follow up moves in the begining of week will decide deeper correction or range bound market but it is conform that market require complete consolidation and that will take its own time in consolidation process.

Weekly Bullish Patterns and Short Term Correction

Just click on chart for its enlarged view

Weekly MACD

Most important development 4 week before that MACD line upward intersection of Average line and it is confirmation of rally. Weekly MACD cross over gives confirmation to long trend therefore strong confirmation to up trend 4 weeks before. Both lines started to move up near equilibrium line and MACD line has moved it above therefore it is strong indication of rally.

Short term correction is confirm but Long term trend is up and rally hope is still alive after correction completion due to above mentioned MACD upward cross over.

Continuation pattern Pennant Formation

Long term trend is up and and Weekly chart is showing Pennant pattern formation in its corrective move which is continuation pattern. It means continuation of on going trend because it is not a trend reversal pattern but trend continuation pattern. As on going trend is Bullish therefore its continuation expected after Pennant falling trend line upward intersection.

Short term correction is confirm but Long term trend is up and rally hope is still alive after correction completion and expected that on going corrective movements will be between both lines of Pennant pattern(Falling Trend Line and Rising Support Line).