ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 20-May-2011
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Indian Stock Markets Closing Reports(20-05-2011)
Main features of today trading are as follows
1- All the Indices closed positive except FMCG.
2- White Candle
3- Whole day consolidations except minor profit booking at higher levels.
4- Revival of upmoves expectations after sustaining above 5444.
Ratios
Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(19-05-2011): 20.20
Advances & Declines
BSE ADVANCES : 1548
BSE DECLINES : 1288
NSE ADVANCES : 834
NSE DECLINES : 560
Nifty Open Interest Changed Today
Nifty- 5400 CE(20-05-2011)- -2892950(-41.97%)
Nifty- 5400 PE(20-05-2011)- +760750(+9.56%)
Nifty- 5500 CE(20-05-2011)- -1169900(-14.58)
Nifty- 5500 PE(20-05-2011)- +1690550(39.15%)
Nifty- 5600 CE(20-05-2011)- +146700(+1.83)
Nifty- 5600 PE(20-05-2011)- +581100(+22.48)
Closing
Nifty- closed at 5,486.35(+58.25 Points & +1.07%)
Sensex- closed at 18,326.09(+184.69 Points & +1.02% )
CNX MIDCAP - closed at 7,873.15 (+40.25 Points & +0.51%)
BSE SMALL CAP- closed at 8,185.18(+39.61 Points & +0.49%)
1- All the Indices closed positive except FMCG.
2- White Candle
3- Whole day consolidations except minor profit booking at higher levels.
4- Revival of upmoves expectations after sustaining above 5444.
Ratios
Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(19-05-2011): 20.20
Advances & Declines
BSE ADVANCES : 1548
BSE DECLINES : 1288
NSE ADVANCES : 834
NSE DECLINES : 560
Nifty Open Interest Changed Today
Nifty- 5400 CE(20-05-2011)- -2892950(-41.97%)
Nifty- 5400 PE(20-05-2011)- +760750(+9.56%)
Nifty- 5500 CE(20-05-2011)- -1169900(-14.58)
Nifty- 5500 PE(20-05-2011)- +1690550(39.15%)
Nifty- 5600 CE(20-05-2011)- +146700(+1.83)
Nifty- 5600 PE(20-05-2011)- +581100(+22.48)
Closing
Nifty- closed at 5,486.35(+58.25 Points & +1.07%)
Sensex- closed at 18,326.09(+184.69 Points & +1.02% )
CNX MIDCAP - closed at 7,873.15 (+40.25 Points & +0.51%)
BSE SMALL CAP- closed at 8,185.18(+39.61 Points & +0.49%)
Pre-closing Outlook(20-05-2011) & Impact of Kanimozhi arrest on Indian Stock Markets
Intraday patterns are showing consolidation except minor selling between 5505-5517 and next resistance is between 5520-5530. In this manner now next resistance range is 5505-5530. As strong base formations at crucial levels near 5400 and Nifty has sustained above 5444 therefore expected that Indian markets will first consolidate between 5444-5500 in next week and then fresh upmoves will be seen.
No impact of Kanimozhi arrest will be seen on Indian markets in next week
Mid-session Outlook(20-05-2011)
Following line was told in Post-open Outlook today:-
"5480-5495 is next resistance and sustaining above 5495 will mean strong rally"
Nifty traded about 3 hours within mentioned resistance range and slipped. Pull Back rally was expected and it has been seen. Now next moves will be decided according to coming hours intraday charts formations. For next upmoves sustaining above 5444 and crossing 5495 are confirmation levels.
"5480-5495 is next resistance and sustaining above 5495 will mean strong rally"
Nifty traded about 3 hours within mentioned resistance range and slipped. Pull Back rally was expected and it has been seen. Now next moves will be decided according to coming hours intraday charts formations. For next upmoves sustaining above 5444 and crossing 5495 are confirmation levels.
Post-open Outlook(20-05-2011)
NIFTY-MAY F&O-1ST BUYING OF 19-05-2011-COVERING
NIFTY MAY F & O(BOUGHT ON 19-05-2011)-COVER AND BOOK PROFIT IMMEDIATELY-CMP-5481
NIFTY-MAY F&O-1ST BUYING OF 19-05-2011-MESSAGE
NIFTY MAY F &; O(BOUGHT ON 19-05-2011)-PLACE TRAILLING STOP LOSS AT 5467 AND HOLD-CMP-5475
Pull Back Rally on Cards
Tomorrow Market(20-05-2011) Outlook,Technical Analysis & Research
Detailed analysis and reasons for Pull Back Rally expectations have been posted in Following topics:-
1- Indian Stock Markets Closing Reports(19-05-2011)
2- Nifty-Micro Analysis of Intra Day Chart(19-05-2011)
3- Nifty-Micro Analysis of 3 days Intra Day Charts(May 17 to May 19,2011)
Conclusions
All trends are down and Nifty sustained 3 days below 5444 but last 3 sessions patterns are suggesting lower levels consolidations and base formations therefore minimum Pull back rally expected in the coming sessions and expected that Nifty will consolidate tomorrow within last 2 days trading range(5402-5455)and after that upmoves will be seen in the coming week.
Nifty-Micro Analysis of 3 days Intra Day Charts(May 17 to May 19,2011)
Nifty- 3 days Intra Day Chart:-
Main Features
1- Water Falling pattern on 17-05-2011
2- 2 Days good consolidations between 5402-5431
3- 2 Days minor distributions between 5436-5455
Conclusions
Good consolidations and base formations in last 2 days between 5402-5431 and minor distributions between 5436-5455. Nifty moved down on 17-05-2011 in Water Falling pattern and it means that down moves without much selling.
Good consolidations in last 2 days therefore expected that minor resistances will be crossed and pull back rally will be seen in the coming sessions.
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1- Water Falling pattern on 17-05-2011
2- 2 Days good consolidations between 5402-5431
3- 2 Days minor distributions between 5436-5455
Conclusions
Good consolidations and base formations in last 2 days between 5402-5431 and minor distributions between 5436-5455. Nifty moved down on 17-05-2011 in Water Falling pattern and it means that down moves without much selling.
Good consolidations in last 2 days therefore expected that minor resistances will be crossed and pull back rally will be seen in the coming sessions.
FII & DII trading activity in Capital Market Segment on 19-May-2011
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Nifty-Micro Analysis of Intra Day Chart(19-05-2011)
-Nifty-Micro Analysis of Intra Day Chart(19-05-2011):-
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1- Nifty trading range- 5411-5441
2- Whole day Intraday consolidation between 5412-5431
Conclusions
Minor intraday selling but whole day Intraday consolidation between 5412-5431 therefore today intraday charts are showing strong possibility of up moves tomorrow.
Indian Stock Markets Closing Reports(19-05-2011)
Main features of today trading are as follows
1- Nifty trading range- 5411-5441
2- Confirm consolidation between 5412-5431 today.
3- Indices closing is mixed but intraday charts of most of the Indices charts are showing consolidations.
Ratios
Nifty Put Call Ratio: 0.74(Minimum in May 2011)
Nifty P/E Ratio(19-05-2011): 20.20
Advances & Declines
BSE ADVANCES : 1060
BSE DECLINES : 1716
NSE ADVANCES : 467
NSE DECLINES : 924
Nifty Open Interest Changed Today
Nifty- 5400 CE(26-05-2011)- +625700(+9.77%)
Nifty- 5400 PE(26-05-2011)- +500900(+6.41%)
Nifty- 5500 CE(26-05-2011)- +299600(+3.66%)
Nifty- 5500 PE(26-05-2011)- -478050(-9.73%)
Closing
Nifty- closed at 5,428.10(+7.50 Points & +0.14%)
Sensex- closed at 18,141.40(+55.20 Points & +0.31%% )
CNX MIDCAP - closed at 7,832.90 (-28.65 Points & -0.36%)
BSE SMALL CAP- closed at 8,145.57(-44.00 Points & -0.54)
1- Nifty trading range- 5411-5441
2- Confirm consolidation between 5412-5431 today.
3- Indices closing is mixed but intraday charts of most of the Indices charts are showing consolidations.
Ratios
Nifty Put Call Ratio: 0.74(Minimum in May 2011)
Nifty P/E Ratio(19-05-2011): 20.20
Advances & Declines
BSE ADVANCES : 1060
BSE DECLINES : 1716
NSE ADVANCES : 467
NSE DECLINES : 924
Nifty Open Interest Changed Today
Nifty- 5400 CE(26-05-2011)- +625700(+9.77%)
Nifty- 5400 PE(26-05-2011)- +500900(+6.41%)
Nifty- 5500 CE(26-05-2011)- +299600(+3.66%)
Nifty- 5500 PE(26-05-2011)- -478050(-9.73%)
Closing
Nifty- closed at 5,428.10(+7.50 Points & +0.14%)
Sensex- closed at 18,141.40(+55.20 Points & +0.31%% )
CNX MIDCAP - closed at 7,832.90 (-28.65 Points & -0.36%)
BSE SMALL CAP- closed at 8,145.57(-44.00 Points & -0.54)
Bank Nifty(May Fut)-Levels & Trading Strategy for 20-05-2011
R3 10783
R2 10721
R1 10633
Avg 10571
S1 10483
S2 10421
S3 10333
Bank Nifty(May Fut)-Trading Strategy
H6 10695 Trgt 2
H5 10661 Trgt 1
H4 10627 Long breakout
H3 10586 Go Short
H2 10572
H1 10558
L1 10531
L2 10517
L3 10503 Long
L4 10462 Short Breakout
L5 10428 Trgt 1
L6 10394 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 20-05-2011
R3 5495
R2 5473
R1 5448
Avg 5426
S1 5401
S2 5379
S3 5354
Nifty(May Fut)-Trading Strategy
H6 5471 Trgt 2
H5 5460 Trgt 1
H4 5449 Long breakout
H3 5436 Go Short
H2 5432
H1 5428
L1 5419
L2 5415
L3 5411 Long
L4 5398 Short Breakout
L5 5387 Trgt 1
L6 5376 Trgt 2
Nifty Spot-Levels & Trading Strategy for 20-05-2011
R3 5490
R2 5471
R1 5449
Avg 5430
S1 5408
S2 5389
S3 5367
Nifty Spot-Trading Strategy
H6 5469 Trgt 2
H5 5459 Trgt 1
H4 5450 Long breakout
H3 5439 Go Short
H2 5435
H1 5431
L1 5424
L2 5420
L3 5416 Long
L4 5405 Short Breakout
L5 5396 Trgt 1
L6 5386 Trgt 2
Pre-closing Outlook-2(19-05-2011)
Although higher levels minor intraday selling in last 2 days between 5404-5447 but buying is also seen at lower levels and patterns are showing consolidations therefore upmoves possibilities are high.
NIFTY-MAY F&O-1ST BUYING OF 19-05-2011-TRADE
NIFTY(MAY FUT-BUY-POSITIONAL)SL-5394-TGT-5504-CMP-5425
NIFTY(MAY CALL OPTION-BUY-POSITIONAL)SL-5394-TGT-5504-S.P.FOR CALL-5400,5500(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5425
Pre-closing Outlook(19-05-2011)
As consolidation yesterday therefore bounce back was expected today and Nifty traded most of the time in Green area also but selling seen in 5424-5434 today and until Nifty will not sustain above 5434 till then up move will not be considered. As selling seen today therefore down moves will also be possible.
Next move confirmation range is 5400-5447.
Next move confirmation range is 5400-5447.
Mid-session Outlook(19-05-2011)
Quiet range bound within 5412-5841 with consolidation indications today. As Nifty slipped today from the range of 5428-5441 therefore sustaining beyond this range will be first indication of next moves and crossing 5400-5447 will be Next moves confirmation,
Post-open Outlook(19-05-2011)
Nifty traded within 5402-5447 yesterday with intraday consolidation patterns but Nifty slipped from higher levels today after 45 minutes range bound trading between 5428-5441. Intraday patterns are suggesting consolidations today also and upmove is finally expected. Next move confirmation range is 5400-5447.
Bounce Back Expected Tomorrow(19-05-2011)
Tomorrow(19-05-2011) Market Outlook, Technical Analysis & Research
No change in EOD charts and indicators therefore views are same and are being repeated again. All trenbds are down and Nifty sustained 2 days below rising trend line of Wave-5. As 3 days sustaining below is technical confirmations requirement and if Nifty sustains below 5444 tomorrow also then it will be confirmation of deeper down moves.
Nifty-Micro Analysis of Intra Day Chart(18-05-2011):-
Main Features
1- Minor conslidations between 5422-5430
2- Minor Distributions between 5435-5447
3- conslidations between 5402-5425
Conclusions
Intraday Patterns are sugesting consolidations despite Red closing today.
Conclusions & Tomorrow(19-05-2011) Outlook
As intraday patterns of today are suggesting consolidations after yesterday intraday consolidation formations therefore support building up is felt at 5400 and expected that a bounce back will be seen in the coming sessions and Nifty will move above 5444 also. For precaution sustaining above 5400 will be watched tomorrow.
No change in EOD charts and indicators therefore views are same and are being repeated again. All trenbds are down and Nifty sustained 2 days below rising trend line of Wave-5. As 3 days sustaining below is technical confirmations requirement and if Nifty sustains below 5444 tomorrow also then it will be confirmation of deeper down moves.
Nifty-Micro Analysis of Intra Day Chart(18-05-2011):-
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1- Minor conslidations between 5422-5430
2- Minor Distributions between 5435-5447
3- conslidations between 5402-5425
Conclusions
Intraday Patterns are sugesting consolidations despite Red closing today.
Conclusions & Tomorrow(19-05-2011) Outlook
As intraday patterns of today are suggesting consolidations after yesterday intraday consolidation formations therefore support building up is felt at 5400 and expected that a bounce back will be seen in the coming sessions and Nifty will move above 5444 also. For precaution sustaining above 5400 will be watched tomorrow.
Indian Stock Markets Closing Reports(18-05-2011)
Main features of today trading are as follows
1- Intraday voltality between 5404-5447.
2- All the Indices closed in Red except IT.
3- Most of the Indices Intraday charts are showing consolidation patterns.
Ratios:
Nifty Put Call Ratio:0.85
Nifty P/E Ratio(18-05-2011):20.18
Advances & Declines:
BSE ADVANCES : 1034
BSE DECLINES : 1752
NSE ADVANCES : 406
NSE DECLINES : 1000
Nifty Open Interest Changed Today
Nifty- 5300 CE(26-05-2011)- +240000(+96.08%)
Nifty- 5300 PE(26-05-2011)- -157450(-2.86%)
Nifty- 5300 CE(26-05-2011)- +2300500(+55.99%)
Nifty- 5300 PE(26-05-2011)- +626300(+8.21%)
Nifty- 5300 CE(26-05-2011)- +997750(+13.71%)
Nifty- 5300 PE(26-05-2011)- -415150(-7.75%)
Closing
Nifty- closed at 5,420.60(-18.35 Points & -0.34%)
Sensex- closed at 18,086.20(-51.15 Points & -0.28% )
CNX MIDCAP - closed at 7,861.55(-55.20 Points & -0.70%)
BSE SMALL CAP- closed at 8,189.57(-65.90 Points & -0.80%)
FII & DII trading activity in Capital Market Segment on 18-May-2011
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Nifty Spot-Levels & Trading Strategy for 19-05-2011
R3 5512
R2 5486
R1 5453
Avg 5427
S1 5394
S2 5368
S3 5335
Nifty Spot-Trading Strategy
H6 5479 Trgt 2
H5 5465 Trgt 1
H4 5452 Long breakout
H3 5436 Go Short
H2 5430
H1 5425
L1 5414
L2 5409
L3 5403 Long
L4 5387 Short Breakout
L5 5374 Trgt 1
L6 5360 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 19-05-2011
R3 5525
R2 5494
R1 5459
Avg 5428
S1 5393
S2 5362
S3 5327
Nifty(May Fut)-Trading Strategy
H6 5490 Trgt 2
H5 5475 Trgt 1
H4 5460 Long breakout
H3 5442 Go Short
H2 5436
H1 5430
L1 5417
L2 5411
L3 5405 Long
L4 5387 Short Breakout
L5 5372 Trgt 1
L6 5357 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 19-05-2011
R3 10824
R2 10753
R1 10675
Avg 10604
S1 10526
S2 10455
S3 10377
Bank Nifty(May Fut)-Trading Strategy
H6 10746 Trgt 2
H5 10712 Trgt 1
H4 10678 Long breakout
H3 10637 Go Short
H2 10624
H1 10610
L1 10583
L2 10569
L3 10556 Long
L4 10515 Short Breakout
L5 10481 Trgt 1
L6 10447 Trgt 2
Pre-closing Outlook(18-05-2011)
Minor selling developed between 5430-5440 today. As sson as we got confirmation of intraday selling today then we covered our long positions without waiting for more down levels.
Indian markets slipped sharp,got intraday support also between 5405-5415 and since then huge voltality. In such voltality technical positions reverses also. All thrends are down and Nifty is trading below 5444 whole day today therefore if Nifty sustains below 5444 tomorrow also then it will be bearish markets confirmations and in that situation sharp down moves will be seen below 5400. As intraday support also seen at lower levels therefore today trading range(5404-5447) break out will be watched for next moves confirmations
Indian markets slipped sharp,got intraday support also between 5405-5415 and since then huge voltality. In such voltality technical positions reverses also. All thrends are down and Nifty is trading below 5444 whole day today therefore if Nifty sustains below 5444 tomorrow also then it will be bearish markets confirmations and in that situation sharp down moves will be seen below 5400. As intraday support also seen at lower levels therefore today trading range(5404-5447) break out will be watched for next moves confirmations
NIFTY-MAY F&O-1ST BUYING OF 17-05-2011-COVERING
NIFTY MAY F & O(BOUGHT ON 17-05-2011)-COVER IMMEDIATELY-CMP-5435
Pre-open Outlook(18-05-2011)
Technical Positions,today Outlook and next possibilities have already been posted in following topic with 2 Charts yesterday therefore not repeated today:-
Tomorrow(18-05-2011) Market Outlook & Technical Analysis
Although US markets recovered from deep lower levels but closed in Red yesterday also therefore Asian markets are positive today morning therefore sentiment is positive today morning. Nifty got support at 5525 and consolidated at lower levels yesterday therefore positive opening and firstly trading between 5540-5595 expected. A bounce was expected today and will be seen. Crossing 5595 will be next upmove confirmation.
Tomorrow(18-05-2011) Market Outlook & Technical Analysis
Although US markets recovered from deep lower levels but closed in Red yesterday also therefore Asian markets are positive today morning therefore sentiment is positive today morning. Nifty got support at 5525 and consolidated at lower levels yesterday therefore positive opening and firstly trading between 5540-5595 expected. A bounce was expected today and will be seen. Crossing 5595 will be next upmove confirmation.
Tomorrow(18-05-2011) Market Outlook & Technical Analysis
Technical Analysis and Research
Nifty-Technical Analysis of EOD Chart(17-05-2011)
Main Features
All trends are down and rising trend line of Wave-5 is broken down and closing below also.
Conclusions
Nifty sustaining below rising trend line of Wave-5 will be confirmation of continuation pattern Pennant breaking down also and it will be bearish phase confirmation as well.
Nifty-Micro Analysis of Intra Day Chart(17-05-2011):-
Main Features
1- Intraday Consolidation between 5425-5445
2- Whole day Falling channel down moves today.
3- Falling Channel Break out and closing above.
Conclusions
Although Indian markets were weak and 5444 also broken down today but down moves were without force and were down in falling channel. Intraday Consolidation between 5425-5445 and falling Channel broken out and closing above also. It is consolidation process in last 2 hours .
Conclusions & Tomorrow Outlook(After Putting EOD and Intraday charts analysis together)
All trends are down and rising trend line of Wave-5 is broken down and closing below also.Nifty sustaining below rising trend line of Wave-5 will be bearish market and continuation pattern Pennant breaking down confirmation and it will be decided in the coming couple of sessions.
As last 2 hours lower levels consolidations today therefore minimum a bounce back is expected tomorrow but US markets are sharp down today and tomorrow trading levels will depend on Asian markets reaction to US markets closing and sentiment tomorrow morning also. If Nifty sustaining below 5444 tomorrow then it will be steep fall confirmation.
Nifty-Technical Analysis of EOD Chart(17-05-2011)
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All trends are down and rising trend line of Wave-5 is broken down and closing below also.
Conclusions
Nifty sustaining below rising trend line of Wave-5 will be confirmation of continuation pattern Pennant breaking down also and it will be bearish phase confirmation as well.
Nifty-Micro Analysis of Intra Day Chart(17-05-2011):-
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1- Intraday Consolidation between 5425-5445
2- Whole day Falling channel down moves today.
3- Falling Channel Break out and closing above.
Conclusions
Although Indian markets were weak and 5444 also broken down today but down moves were without force and were down in falling channel. Intraday Consolidation between 5425-5445 and falling Channel broken out and closing above also. It is consolidation process in last 2 hours .
Conclusions & Tomorrow Outlook(After Putting EOD and Intraday charts analysis together)
All trends are down and rising trend line of Wave-5 is broken down and closing below also.Nifty sustaining below rising trend line of Wave-5 will be bearish market and continuation pattern Pennant breaking down confirmation and it will be decided in the coming couple of sessions.
As last 2 hours lower levels consolidations today therefore minimum a bounce back is expected tomorrow but US markets are sharp down today and tomorrow trading levels will depend on Asian markets reaction to US markets closing and sentiment tomorrow morning also. If Nifty sustaining below 5444 tomorrow then it will be steep fall confirmation.
FII & DII trading activity in Capital Market Segment on 17-May-2011
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Indian Stock Markets Closing Reports(17-05-2011)
Main features of today trading are as follows
1- Long Black Candle
2- Last 9 sessions range broken down(5444-6605).
3- All the Indices closed in Red except IT,FMCG,CD and HC
Ratios:
Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(16-05-2011):20.39
Advances & Declines
BSE ADVANCES : 1024
BSE DECLINES : 1780
NSE ADVANCES : 426
NSE DECLINES : 977
Nifty Open Interest Changed Today
Nifty- 5400 CE(26-05-2011)- +2054700(+97.87%)
Nifty- 5400 PE(26-05-2011)- -152650(-1.94%)
Nifty- 5500 CE(26-05-2011)- +552050(+7.98%)
Nifty- 5500 PE(26-05-2011)- -791800(-12.48%)
Nifty- 5600 CE(26-05-2011)- +1489950(+20.39%)
Nifty- 5600 PE(26-05-2011)- -385950(-10.32%)
Closing
Nifty- closed at 5,438.95(-60.05 Points & -1.09%)
Sensex- closed at 18,137.35(-207.68 Points & -1.13% )
CNX MIDCAP - closed at 7,916.75(-60.95 Points & -0.76%)
BSE SMALL CAP- closed at 8,255.47(-51.08 Points & -0.61%)
1- Long Black Candle
2- Last 9 sessions range broken down(5444-6605).
3- All the Indices closed in Red except IT,FMCG,CD and HC
Ratios:
Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(16-05-2011):20.39
Advances & Declines
BSE ADVANCES : 1024
BSE DECLINES : 1780
NSE ADVANCES : 426
NSE DECLINES : 977
Nifty Open Interest Changed Today
Nifty- 5400 CE(26-05-2011)- +2054700(+97.87%)
Nifty- 5400 PE(26-05-2011)- -152650(-1.94%)
Nifty- 5500 CE(26-05-2011)- +552050(+7.98%)
Nifty- 5500 PE(26-05-2011)- -791800(-12.48%)
Nifty- 5600 CE(26-05-2011)- +1489950(+20.39%)
Nifty- 5600 PE(26-05-2011)- -385950(-10.32%)
Closing
Nifty- closed at 5,438.95(-60.05 Points & -1.09%)
Sensex- closed at 18,137.35(-207.68 Points & -1.13% )
CNX MIDCAP - closed at 7,916.75(-60.95 Points & -0.76%)
BSE SMALL CAP- closed at 8,255.47(-51.08 Points & -0.61%)
Nifty Spot-Levels & Trading Strategy for 18-05-2011
R3 5602
R2 5562
R1 5500
Avg 5460
S1 5398
S2 5358
S3 5296
Nifty Spot-Trading Strategy
H6 5540 Trgt 2
H5 5517 Trgt 1
H4 5494 Long breakout
H3 5466 Go Short
H2 5456
H1 5447
L1 5428
L2 5419
L3 5409 Long
L4 5381 Short Breakout
L5 5358 Trgt 1
L6 5335 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 18-05-2011
R3 5603
R2 5562
R1 5504
Avg 5463
S1 5405
S2 5364
S3 5306
Nifty(May Fut)-Trading Strategy
H6 5546 Trgt 2
H5 5523 Trgt 1
H4 5501 Long breakout
H3 5474 Go Short
H2 5465
H1 5456
L1 5437
L2 5428
L3 5419 Long
L4 5392 Short Breakout
L5 5370 Trgt 1
L6 5347 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 18-05-2011
R3 11221
R2 11079
R1 10870
Avg 10728
S1 10519
S2 10377
S3 10168
Bank Nifty(May Fut)-Trading Strategy
H6 11014 Trgt 2
H5 10934 Trgt 1
H4 10854 Long breakout
H3 10757 Go Short
H2 10725
H1 10693
L1 10628
L2 10596
L3 10564 Long
L4 10467 Short Breakout
L5 10387 Trgt 1
L6 10307 Trgt 2
NIFTY-MAY F&O-1ST BUYING OF 17-05-2011-TRADE
NIFTY(MAY FUT-BUY-POSITIONAL)SL-5414-TGT-5504-CMP-5450
NIFTY(MAY CALL OPTION-BUY-POSITIONAL)SL-5414-TGT-5504-S.P.FOR CALL-5400,5500(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5450
Post-closing Report(17-05-2011)
As busy therefore Mid-session Outlooks could not be posted today.
Firstly follow up selling developed within yesterday range and then Nifty slipped below 5444 but down moves are without required force. As without force down moves are a part of consolidations process therefore if Nifty sustains below 5444 then sharp down moves otherwise range bound market within 5424--5605.
Firstly follow up selling developed within yesterday range and then Nifty slipped below 5444 but down moves are without required force. As without force down moves are a part of consolidations process therefore if Nifty sustains below 5444 then sharp down moves otherwise range bound market within 5424--5605.
Post-open Outlook(17-05-2011)
Following lines were told in Tomorrow(17-05-2011) Market Outlook & Technical Analysis yesterday:-
"As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions."
Following line was told in Pre-closing Outlook yesterday
sustaining beyond 5500 for next moves first indication.
Following line was told in Indian Stock Markets Closing Reports yesterday
Mixed patterns between 5490-5530
conclusion
Nifty is trading near 5500 within yesterday range(5490-5530) since opening today. As yesterday patterns were mixed and market could not prepare for any side moves therefore market has to prepare for any side moves and that will be done between yesterday range first. Coming hours intraday charts will give first indication of next Indian markets and next moves first confirmation will be sustaining beyond yesterday range(5490-5530)
"As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions."
Following line was told in Pre-closing Outlook yesterday
sustaining beyond 5500 for next moves first indication.
Following line was told in Indian Stock Markets Closing Reports yesterday
Mixed patterns between 5490-5530
conclusion
Nifty is trading near 5500 within yesterday range(5490-5530) since opening today. As yesterday patterns were mixed and market could not prepare for any side moves therefore market has to prepare for any side moves and that will be done between yesterday range first. Coming hours intraday charts will give first indication of next Indian markets and next moves first confirmation will be sustaining beyond yesterday range(5490-5530)
Tomorrow(17-05-2011) Market Outlook & Technical Analysis
Technical Analysis and Research For 17-05-2011
Range bound quiet market between 5490-5530 today and no material chage in EOD charts and indicators positions therefore no need to update today and just click following link for detailed analysis of EOD Charts:-
Weekly Outlook(16-05-2011 to 20-05-2011)
Nifty-Micro Analysis of Intra Day Chart(16-05-2011):-
Main Features
1- Range bound quiet market between 5490-5530
2- Selling indications between 5515-5530
3- Buying indications between 5490-5508
Conclusions
Market was whole day quiet and range bound after gap down opening. Market slipped but without force and above mentioned minor selling and buying indications only. Patterns are mixed and not suggesting clear indications today.
Tomorrow(17-05-2011) Outlook
As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions.
Last 8 days range(5444-5605) maintained today and not broken out and expected that it will be decided tomorrow that 5444 is surviving or not. Tomorrow intraday selling will mean testing of 5444 and slipping below possibility also. Follow up buying and sustaining above 5530 will mean testing possibility of next resistance range(5590-5605)
Range bound quiet market between 5490-5530 today and no material chage in EOD charts and indicators positions therefore no need to update today and just click following link for detailed analysis of EOD Charts:-
Weekly Outlook(16-05-2011 to 20-05-2011)
Nifty-Micro Analysis of Intra Day Chart(16-05-2011):-
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| Just click on chart for its enlarged view |
1- Range bound quiet market between 5490-5530
2- Selling indications between 5515-5530
3- Buying indications between 5490-5508
Conclusions
Market was whole day quiet and range bound after gap down opening. Market slipped but without force and above mentioned minor selling and buying indications only. Patterns are mixed and not suggesting clear indications today.
Tomorrow(17-05-2011) Outlook
As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions.
Last 8 days range(5444-5605) maintained today and not broken out and expected that it will be decided tomorrow that 5444 is surviving or not. Tomorrow intraday selling will mean testing of 5444 and slipping below possibility also. Follow up buying and sustaining above 5530 will mean testing possibility of next resistance range(5590-5605)
Indian Stock Markets Closing Reports(16-05-2011)
Main features of today trading are as follows:-
1- Red closing
2- Mixed patterns between 5490-5530
3- Last 8 days range(5444-5605) maintained and not broken out
Ratios:
Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(16-05-2011): 20.39
Advances & Declines:
BSE ADVANCES : 1031
BSE DECLINES : 1758
NSE ADVANCES : 412
NSE DECLINES : 1001
Nifty Open Interest Changed Today:-
Nifty- 5400 CE(26-05-2011)- +730150(+53.52%)
Nifty- 5400 PE(26-05-2011)- +704950(+9.31%)
Nifty- 5500 CE(26-05-2011)- +2908750(+72.62%)
Nifty- 5500 PE(26-05-2011)- +182100(+2.82%)
Nifty- 5600 CE(26-05-2011)- +1661450(+29.42%)
Nifty- 5600 PE(26-05-2011)- -905350(-19.49%)
Closing :-
Nifty- closed at 5,499.00(-45.75 Points & -0.83%)
Sensex- closed at 18,345.03(-186.25 Points & -1.01% )
CNX MIDCAP - closed at 7,977.70(-57.20 Points & -0.71%)
BSE SMALL CAP- closed at 8,306.55(-61.67 Points & -0.74%)
1- Red closing
2- Mixed patterns between 5490-5530
3- Last 8 days range(5444-5605) maintained and not broken out
Ratios:
Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(16-05-2011): 20.39
Advances & Declines:
BSE ADVANCES : 1031
BSE DECLINES : 1758
NSE ADVANCES : 412
NSE DECLINES : 1001
Nifty Open Interest Changed Today:-
Nifty- 5400 CE(26-05-2011)- +730150(+53.52%)
Nifty- 5400 PE(26-05-2011)- +704950(+9.31%)
Nifty- 5500 CE(26-05-2011)- +2908750(+72.62%)
Nifty- 5500 PE(26-05-2011)- +182100(+2.82%)
Nifty- 5600 CE(26-05-2011)- +1661450(+29.42%)
Nifty- 5600 PE(26-05-2011)- -905350(-19.49%)
Closing :-
Nifty- closed at 5,499.00(-45.75 Points & -0.83%)
Sensex- closed at 18,345.03(-186.25 Points & -1.01% )
CNX MIDCAP - closed at 7,977.70(-57.20 Points & -0.71%)
BSE SMALL CAP- closed at 8,306.55(-61.67 Points & -0.74%)
Nifty Spot-Levels & Trading Strategy for 17-05-2011
R3 5585
R2 5563
R1 5531
Avg 5509
S1 5477
S2 5455
S3 5423
Nifty Spot-Trading Strategy
H6 5553 Trgt 2
H5 5540 Trgt 1
H4 5528 Long breakout
H3 5513 Go Short
H2 5508
H1 5503
L1 5494
L2 5489
L3 5484 Long
L4 5469 Short Breakout
L5 5457 Trgt 1
L6 5444 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 17-05-2011
R3 5584
R2 5560
R1 5524
Avg 5500
S1 5464
S2 5440
S3 5404
Nifty(May Fut)-Trading Strategy
H6 5548 Trgt 2
H5 5534 Trgt 1
H4 5521 Long breakout
H3 5504 Go Short
H2 5499
H1 5493
L1 5482
L2 5477
L3 5471 Long
L4 5455 Short Breakout
L5 5441 Trgt 1
L6 5427 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 17-05-2011
R3 11092
R2 11035
R1 10953
Avg 10896
S1 10814
S2 10757
S3 10675
Bank Nifty(May Fut)-Trading Strategy
H6 11010 Trgt 2
H5 10978 Trgt 1
H4 10947 Long breakout
H3 10909 Go Short
H2 10896
H1 10883
L1 10858
L2 10845
L3 10832 Long
L4 10794 Short Breakout
L5 10763 Trgt 1
L6 10731 Trgt 2
FII & DII trading activity in Capital Market Segment on 16-May-2011
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Pre-closing Outlook(16-05-2011)
Nifty traded first 4 hours between 5510-5550 and last 2 hours below 5510. Although markets slipeed from day's highs and trading near today lows but intraday patterns are mixed today and showing consolidations indications also despite Red closing. It will be better to wait for tomorrow market and sustaining beyond 5500 for next moves first indication.
Mid-session Outlook(16-05-2011)
Nifty again slipped below 5510 and if sustains then will be down moves confirmations.
Mid-session Outlook(16-05-2011)
Following 2 proections were given in Pre-open Outlook for today market,as applicable after 4 hours trading also therefore repeating:-
1- "first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range"
2- "sustaining beyond this range will be first indication of next Indian markets direction"
Although Nifty slipped but did not sustained and immediately backed into mentioned trading range. Intraday support indications at lower levels and more preparation is required for up moves. Sustaining above 5540 will be next upmoves confirmation.
1- "first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range"
2- "sustaining beyond this range will be first indication of next Indian markets direction"
Although Nifty slipped but did not sustained and immediately backed into mentioned trading range. Intraday support indications at lower levels and more preparation is required for up moves. Sustaining above 5540 will be next upmoves confirmation.
Post-open Outlook(16-05-2011)
Following lines was told today in Pre-open Outlook
"negative opening and first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range and sustaining beyond this range will be first indication of next Indian markets direction"
Today first hour trading range is 5509.60-5541.80 and sustaining beyond this range will be result of preperation for next moves within this range. Resistances above this range and supports below this range as well. Let market prepare within this range and then confirmation will be from break out and sustaining beyond today 1st hour mentioned range.
"negative opening and first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range and sustaining beyond this range will be first indication of next Indian markets direction"
Today first hour trading range is 5509.60-5541.80 and sustaining beyond this range will be result of preperation for next moves within this range. Resistances above this range and supports below this range as well. Let market prepare within this range and then confirmation will be from break out and sustaining beyond today 1st hour mentioned range.
Pre-open Outlook(16-05-2011)
Global cues are weak and sentiment is depressed therefore negative opening and first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range and sustaining beyond this range will be first indication of next Indian markets direction.
Weekly Outlook(16-05-2011 to 20-05-2011)
6 Months correction and Pennant pattern Chart:-
All trends are down and Nifty is trading below 200 Day EMA for the last 8 sessions between 5444-5605. As nifty sustained below 200 Day EMA therefore Long term trend also turned down but it has to be decided that Indian markets have moved into bearish phase or not and following points have to be considered also for the confirmation of bearish phase:-
1- Wave-4 has completed'ABC' correction.
2- Continuation Pattern Pennant Formations in last 6 months. As Pennant is continuation pattern and on going trend is upward therefore it should remain continued according to the impact of continuation pattern formations.
3- Wave-5 is on and Rising Trend Line of Pennant is Wave-5 Trend line.
4- Nifty is trading exactly at Rising Trend Line of Pennant/Wave-5 Trend line for the last 8 sessions between 5442-5605.
Conclusions (After Putting All Studies Together)
Nifty-Micro Analysis of Intra Day Chart(13-05-2011)
Nifty traded and covered almost whole of the last 8 sessions trading range and traded between 5472-5605 on 13-05-2011,Main features of are as follows:-
1- Support exists between 5450-5475 exactly below the trading range of 13-05-2011
2- Intraday Support between 5475-5495 on 13-05-2011
3- Intraday Support between 5542-5562 on 13-05-2011
4- Intraday Resistance between 5590-5605 on 13-05-2011
5- Intraday Support between 5530-5545 on 13-05-2011
Next Trend Deciding 8 Sessions Range(04-05-2011-13-05-2011) Chart:-
Nifty traded between 5444-5605 in last 8 sessions,this range break out and sustaining beyond will decide that Indian markets have moved into Bearish phase or Bullish markets hopes are alive. Sustining below 5444 will be confirmation of Bear phase and deeper lower levels possibility. Sustaining above 5605 will mean revival of Bullish markets hopes,its confirmation points will be discussed after sustaining above 5605.
As Petroleum rates hike and weak US markets last Friday therefore weak weekly opening and firstly trading between 5444-5605 expected and above mentioned supports may be tested but final weekly view should be formed from sustaining beyond 5444-5605. Weak sentiment and negative zone trading expected in the begining of week but supports also at lower levels therefore fresh selling patterns are must for any move below 5444. As 5th wave trend line and Rising Trend Line of Pennant are still intact therefore up moves hopes are alive and next views will be formed from coming couple of sessions intraday charts patterns and 8 days range break out.
Until Nifty is Range bound till then Stop Loss should remain beyond range with targets within range and directional trades should be initiated after range break out confirmations.
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| Just click on chart for its enlarged view |
1- Wave-4 has completed'ABC' correction.
2- Continuation Pattern Pennant Formations in last 6 months. As Pennant is continuation pattern and on going trend is upward therefore it should remain continued according to the impact of continuation pattern formations.
3- Wave-5 is on and Rising Trend Line of Pennant is Wave-5 Trend line.
4- Nifty is trading exactly at Rising Trend Line of Pennant/Wave-5 Trend line for the last 8 sessions between 5442-5605.
Conclusions (After Putting All Studies Together)
Nifty-Micro Analysis of Intra Day Chart(13-05-2011)
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| Just click on chart for its enlarged view |
1- Support exists between 5450-5475 exactly below the trading range of 13-05-2011
2- Intraday Support between 5475-5495 on 13-05-2011
3- Intraday Support between 5542-5562 on 13-05-2011
4- Intraday Resistance between 5590-5605 on 13-05-2011
5- Intraday Support between 5530-5545 on 13-05-2011
Next Trend Deciding 8 Sessions Range(04-05-2011-13-05-2011) Chart:-
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| Just click on chart for its enlarged view |
As Petroleum rates hike and weak US markets last Friday therefore weak weekly opening and firstly trading between 5444-5605 expected and above mentioned supports may be tested but final weekly view should be formed from sustaining beyond 5444-5605. Weak sentiment and negative zone trading expected in the begining of week but supports also at lower levels therefore fresh selling patterns are must for any move below 5444. As 5th wave trend line and Rising Trend Line of Pennant are still intact therefore up moves hopes are alive and next views will be formed from coming couple of sessions intraday charts patterns and 8 days range break out.
Until Nifty is Range bound till then Stop Loss should remain beyond range with targets within range and directional trades should be initiated after range break out confirmations.
FII & DII trading activity in Capital Market Segment on 13-May-2011
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Nifty Spot-Levels & Trading Strategy for 16-05-2011
R3 5741
R2 5673
R1 5608
Avg 5540
S1 5475
S2 5407
S3 5342
Nifty Spot-Trading Strategy
H6 5678 Trgt 2
H5 5647 Trgt 1
H4 5617 Long breakout
H3 5580 Go Short
H2 5568
H1 5556
L1 5531
L2 5519
L3 5507 Long
L4 5470 Short Breakout
L5 5440 Trgt 1
L6 5409 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 16-05-2011
R3 5788
R2 5705
R1 5631
Avg 5548
S1 5474
S2 5391
S3 5317
Nifty(May Fut)-Trading Strategy
H6 5717 Trgt 2
H5 5681 Trgt 1
H4 5644 Long breakout
H3 5601 Go Short
H2 5586
H1 5572
L1 5543
L2 5529
L3 5514 Long
L4 5471 Short Breakout
L5 5434 Trgt 1
L6 5398 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 16-05-2011
R3 11610
R2 11406
R1 11219
Avg 11015
S1 10828
S2 10624
S3 10437
Bank Nifty(May Fut)-Trading Strategy
H6 11430 Trgt 2
H5 11339 Trgt 1
H4 11247 Long breakout
H3 11139 Go Short
H2 11103
H1 11067
L1 10996
L2 10960
L3 10924 Long
L4 10816 Short Breakout
L5 10725 Trgt 1
L6 10633 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(16-05 to 20-05-2011)
R3 5741
R2 5673
R1 5608
Avg 5540
S1 5475
S2 5407
S3 5342
Nifty Spot-Weekly Trading Strategy
H6 5678 Trgt 2
H5 5647 Trgt 1
H4 5617 Long breakout
H3 5580 Go Short
H2 5568
H1 5556
L1 5531
L2 5519
L3 5507 Long
L4 5470 Short Breakout
L5 5440 Trgt 1
L6 5409 Trgt 2
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