ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 17-Jun-2011
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11 Recent Topics,Technical Analysis,News & Research For 20-06-2011 Trading
11 Topics have been posted for 20-06-2011 trading and more topics will be posted today and in next 2 days.Just click at following topics names and go through as well as analyse Chart:-
Topics prepared by Enjoy Daily Profits
1-Nifty Spot-Weekly Levels & Trading Strategy(Jun 20 to Jun 24,2011)
2-Bank Nifty(Jun Fut)-Levels & Trading Strategy for 20-06-2011
3-Nifty(Jun Fut)-Levels & Trading Strategy for 20-06-2011
4-Nifty Spot-Levels & Trading Strategy for 20-06-2011
5-Indian Stock Markets Closing Reports(17-06-2011)
6-Nifty-Micro Analysis of Intra Day Chart For 20-06-2011
7-FII & DII trading activity in Capital Market Segment on 17-Jun-2011
8-FII Trading Data in Derivatives Segment on 17-Jun-2011
Important News
1-Pranab asks banks to improve asset quality
2-RBI says it has no magic wand to bring down inflation
3-Sensex posts worst weekly fall in six
Topics prepared by Enjoy Daily Profits
1-Nifty Spot-Weekly Levels & Trading Strategy(Jun 20 to Jun 24,2011)
2-Bank Nifty(Jun Fut)-Levels & Trading Strategy for 20-06-2011
3-Nifty(Jun Fut)-Levels & Trading Strategy for 20-06-2011
4-Nifty Spot-Levels & Trading Strategy for 20-06-2011
5-Indian Stock Markets Closing Reports(17-06-2011)
6-Nifty-Micro Analysis of Intra Day Chart For 20-06-2011
7-FII & DII trading activity in Capital Market Segment on 17-Jun-2011
8-FII Trading Data in Derivatives Segment on 17-Jun-2011
Important News
1-Pranab asks banks to improve asset quality
2-RBI says it has no magic wand to bring down inflation
3-Sensex posts worst weekly fall in six
Nifty-Micro Analysis of Intra Day Chart For 20-06-2011
Nifty-Intra Day Chart(17-06-2011):-
Main Features
1- First 2 hours Mixed patterns between 5375-5387
2- Last 3 hours Consolidation pattern between 5355-5375
Conclusions
Indian markets closed near lowest levels of the week but today intraday patterns are suggesting consolidaations(buying) within crucial support range(5329-5370). Although Indian markets closed in Red today but today consolidation patterns are indicating very short term up move on next Monday.
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1- First 2 hours Mixed patterns between 5375-5387
2- Last 3 hours Consolidation pattern between 5355-5375
Conclusions
Indian markets closed near lowest levels of the week but today intraday patterns are suggesting consolidaations(buying) within crucial support range(5329-5370). Although Indian markets closed in Red today but today consolidation patterns are indicating very short term up move on next Monday.
Indian Stock Markets Closing Reports(17-06-2011)
1- Long Black Candle.
2- Most Indices closed in Red except BANKEX,CD AND Power.
3- Whole day intraday consolidation(buying).
Ratios
Nifty Put Call Ratio: 19.82
Nifty P/E Ratio(17-06-2011): 0.80
Advances & Declines
BSE ADVANCES : 908
BSE DECLINES : 2005
NSE ADVANCES : 362
NSE DECLINES : 1065
Nifty Open Interest Changed Today
Nifty- 5300 CE(Jun)- +682050(+51.38%)
Nifty- 5300 PE(Jun)- +460250(+6.30%)
Nifty- 5400 CE(Jun)- +671250(+15.51%)
Nifty- 5400 PE(Jun)- -441650(-5.56%)
Nifty- 5500 CE(Jun)- +1486750(+20.87%)
Nifty- 5500 PE(Jun)- -479550(-11.27%)
Closing
Nifty- closed at 5,366.40(-30.35 Points & -0.56%)
Sensex- closed at 17,870.53(-115.35 Points & -0.64%)
CNX MIDCAP - closed at 7,921.15(-53.00 Points & -0.66%)
BSE SMALL CAP- closed at 8,174.49(-75.49 Points & -0.92%)
Nifty Spot-Levels & Trading Strategy for 20-06-2011
Nifty Spot-Levels
R3 5472
R2 5446
R1 5406
Avg 5380
S1 5340
S2 5314
S3 5274
Nifty Spot-Trading Strategy
H6 5432 Trgt 2
H5 5417 Trgt 1
H4 5402 Long breakout
H3 5384 Go Short
H2 5378
H1 5372
L1 5359
L2 5353
L3 5347 Long
L4 5329 Short Breakout
L5 5314 Trgt 1
L6 5299 Trgt 2
R3 5472
R2 5446
R1 5406
Avg 5380
S1 5340
S2 5314
S3 5274
Nifty Spot-Trading Strategy
H6 5432 Trgt 2
H5 5417 Trgt 1
H4 5402 Long breakout
H3 5384 Go Short
H2 5378
H1 5372
L1 5359
L2 5353
L3 5347 Long
L4 5329 Short Breakout
L5 5314 Trgt 1
L6 5299 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 20-06-2011
Nifty(Jun Fut)-Levels
R3 5478
R2 5451
R1 5415
Avg 5388
S1 5352
S2 5325
S3 5289
Nifty(Jun Fut)-Trading Strategy
H6 5443 Trgt 2
H5 5428 Trgt 1
H4 5414 Long breakout
H3 5397 Go Short
H2 5391
H1 5385
L1 5374
L2 5368
L3 5362 Long
L4 5345 Short Breakout
L5 5331 Trgt 1
L6 5316 Trgt 2
R3 5478
R2 5451
R1 5415
Avg 5388
S1 5352
S2 5325
S3 5289
Nifty(Jun Fut)-Trading Strategy
H6 5443 Trgt 2
H5 5428 Trgt 1
H4 5414 Long breakout
H3 5397 Go Short
H2 5391
H1 5385
L1 5374
L2 5368
L3 5362 Long
L4 5345 Short Breakout
L5 5331 Trgt 1
L6 5316 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 20-06-2011
Bank Nifty(Jun Fut)-Levels
R3 10747
R2 10698
R1 10660
Avg 10611
S1 10573
S2 10524
S3 10486
Bank Nifty(Jun Fut)-Trading Strategy
H6 10709 Trgt 2
H5 10689 Trgt 1
H4 10669 Long breakout
H3 10645 Go Short
H2 10637
H1 10629
L1 10614
L2 10606
L3 10598 Long
L4 10574 Short Breakout
L5 10554 Trgt 1
L6 10534 Trgt 2
R3 10747
R2 10698
R1 10660
Avg 10611
S1 10573
S2 10524
S3 10486
Bank Nifty(Jun Fut)-Trading Strategy
H6 10709 Trgt 2
H5 10689 Trgt 1
H4 10669 Long breakout
H3 10645 Go Short
H2 10637
H1 10629
L1 10614
L2 10606
L3 10598 Long
L4 10574 Short Breakout
L5 10554 Trgt 1
L6 10534 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Jun 20 to Jun 24,2011)
Nifty Spot-Weekly Levels
R3 5590
R2 5555
R1 5460
Avg 5425
S1 5330
S2 5295
S3 5200
Nifty Spot-Weekly Trading Strategy
H6 5495 Trgt 2
H5 5466 Trgt 1
H4 5437 Long breakout
H3 5401 Go Short
H2 5389
H1 5377
L1 5354
L2 5342
L3 5330 Long
L4 5294 Short Breakout
L5 5265 Trgt 1
L6 5236 Trgt 2
R3 5590
R2 5555
R1 5460
Avg 5425
S1 5330
S2 5295
S3 5200
Nifty Spot-Weekly Trading Strategy
H6 5495 Trgt 2
H5 5466 Trgt 1
H4 5437 Long breakout
H3 5401 Go Short
H2 5389
H1 5377
L1 5354
L2 5342
L3 5330 Long
L4 5294 Short Breakout
L5 5265 Trgt 1
L6 5236 Trgt 2
Pre-closing Outlook(17-06-2011)
Nifty slipped below 5375 but lacking force. it should be kept in mind that 5329-5370 is strong support range and Indian markets requires complete selling patterns within this range for breaking 5329.
Intraday patterns between 5355-5375 showing consolidation patterns today therefore this range strengthened the support of 5329-5370 today.
Trading range of today 5355-5390 should be kept in mind for next move confirmations. Intraday patterns of today are suggesting consolidaations(buying) and only confirmation is required.
Intraday patterns between 5355-5375 showing consolidation patterns today therefore this range strengthened the support of 5329-5370 today.
Trading range of today 5355-5390 should be kept in mind for next move confirmations. Intraday patterns of today are suggesting consolidaations(buying) and only confirmation is required.
Mid-session Outlook(17-06-2011)
Nifty is trading between 5375-5387 for the last 2 hours and patterns are mixed therefore sustaining beyond will be next move first signal.
Post-open Outlook(17-06-2011)
Today trading range was given 5375-5410 and Nifty is traded within this range most of the time today. Strong support range at lower level within 5329-5370 and market require complete selling patterns for dipping within this range.
Although Indian markets slipped after opening today but patterns are not suggesting selling therefore sustaining beyond 5375 will be watched first.
Although Indian markets slipped after opening today but patterns are not suggesting selling therefore sustaining beyond 5375 will be watched first.
Pre-open Outlook(17-06-2011)
All the Asian markets are trading in Red today morning therefore sentiment is weak and firstly negative zone trading between 5375-5410 after weak opening expected today. Strong supports below 5400 and in the same manner strong resistances above 5480 therefore Indian markets will prepare for next moves within 5375-5410 and sustaining beyond this range will be next moves first indication. Quiet range bound market expected today and mentioned range will be watched first for next moves confirmations.
Market Outlook(17-06-2011)
Major supports between 5329-5400 and Nifty slipped below 5400 today but narket require complete distribution patterns to sustain below 5400. Strong resistance between 5480-5604. Nifty traded within 5389-5447 yesterday with mixed trading patterns and technical positions are as follows:-
1- Minor support signals between 5405-5420
2- Selling between 5424-5442
Although Nifty closed near lowest of the day yesterday and selling at higher levels also but patterns are showing consolidation formations therefore sustaining beyond yesterday range(5389-5447) will be watched first for next moves confirmations and follow up buying and sustaining above 5447 is also possible in the coming sessions.
Strong supports below yesterday range and in the same manner strong resistances at higher levels therefore Indian markets will prepare for next moves within or near about yesterday range(5389-5447) and sustaining beyond this range will be next moves confirmations therefore will be watched first for next moves confirmations.
Nifty-Micro Analysis of Intra Day Chart For 17-06-2011
Nifty-Intra Day Chart(16-06-2011):-
Main Features
1- Minor support signals between 5405-5420
2- Selling between 5424-5442
Conclusions
Minor support signals seen between 5405-5420 and after that market moved up also but selling developed between 5424-5442 and Nifty slipped below 5400. All the Asian markets closed near lower levels and European markets also slipped after gap down opening therefore sentiment was depressed whole day today and Nifty entered into last support range.
Selling above 5480,today also between 5424-5442 and only minor support signals between 5405-5420 therefore market require complete consolidation for any up move beginning.
Strong support range(5329-5400) below today trading range therefore market require fresh selling for dipping and sustaining below 5329.
Although Nifty slipped and closed below 5400 but minor support signals seen between 5405-5420 today therefore sustaining beyond 5400 will be watched firstly watched tomorrow for next moves confirmations.
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1- Minor support signals between 5405-5420
2- Selling between 5424-5442
Conclusions
Minor support signals seen between 5405-5420 and after that market moved up also but selling developed between 5424-5442 and Nifty slipped below 5400. All the Asian markets closed near lower levels and European markets also slipped after gap down opening therefore sentiment was depressed whole day today and Nifty entered into last support range.
Selling above 5480,today also between 5424-5442 and only minor support signals between 5405-5420 therefore market require complete consolidation for any up move beginning.
Strong support range(5329-5400) below today trading range therefore market require fresh selling for dipping and sustaining below 5329.
Although Nifty slipped and closed below 5400 but minor support signals seen between 5405-5420 today therefore sustaining beyond 5400 will be watched firstly watched tomorrow for next moves confirmations.
FII & DII trading activity in Capital Market Segment on 16-Jun-2011
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Indian Stock Markets Closing Reports(16-06-2011)
1- Black Candle
2- All the Indices closed in Red
3- Nifty entered into last strong support range(5329-5400) of 33 sessions Range Bound Market(5329-5605).
Ratios
Nifty Put Call Ratio: 0.89
Nifty P/E Ratio(16-06-2011): 19.93
Advances & Declines
BSE ADVANCES : 1063
BSE DECLINES : 1775
NSE ADVANCES : 409
NSE DECLINES : 981
Nifty Open Interest Changed Today
Nifty- 5300 CE(Jun)- +204700(+18.26%)
Nifty- 5300 PE(Jun)- +479800(+6.83%)
Nifty- 5400 CE(Jun)- +1172700(+35.16%)
Nifty- 5400 PE(Jun)- -734950(-8.11%)
Nifty- 5500 CE(Jun)- +996000(+15.92%)
Nifty- 5500 PE(Jun)- -394000(-8.12%)
Closing
Nifty- closed at 5,396.75(-50.75 Points & -0.93%)
Sensex- closed at 17,985.88(-146.36 Points & -0.81%)
CNX MIDCAP - closed at 7,974.15(-53.15 Points & -0.66%)
BSE SMALL CAP- closed at 8,249.98(-44.91 Points & -0.54%)
Nifty Spot-Levels & Trading Strategy for 17-06-2011
Nifty Spot-Levels
R3 5490
R2 5468
R1 5432
Avg 5410
S1 5374
S2 5352
S3 5316
Nifty Spot-Trading Strategy
H6 5454 Trgt 2
H5 5440 Trgt 1
H4 5427 Long breakout
H3 5411 Go Short
H2 5406
H1 5401
L1 5390
L2 5385
L3 5380 Long
L4 5364 Short Breakout
L5 5351 Trgt 1
L6 5337 Trgt 2
R3 5490
R2 5468
R1 5432
Avg 5410
S1 5374
S2 5352
S3 5316
Nifty Spot-Trading Strategy
H6 5454 Trgt 2
H5 5440 Trgt 1
H4 5427 Long breakout
H3 5411 Go Short
H2 5406
H1 5401
L1 5390
L2 5385
L3 5380 Long
L4 5364 Short Breakout
L5 5351 Trgt 1
L6 5337 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 17-06-2011
Nifty(Jun Fut)-Levels
R3 5510
R2 5484
R1 5443
Avg 5417
S1 5376
S2 5350
S3 5309
Nifty(Jun Fut)-Trading Strategy
H6 5469 Trgt 2
H5 5453 Trgt 1
H4 5438 Long breakout
H3 5420 Go Short
H2 5414
H1 5408
L1 5395
L2 5389
L3 5383 Long
L4 5365 Short Breakout
L5 5350 Trgt 1
L6 5334 Trgt 2
R3 5510
R2 5484
R1 5443
Avg 5417
S1 5376
S2 5350
S3 5309
Nifty(Jun Fut)-Trading Strategy
H6 5469 Trgt 2
H5 5453 Trgt 1
H4 5438 Long breakout
H3 5420 Go Short
H2 5414
H1 5408
L1 5395
L2 5389
L3 5383 Long
L4 5365 Short Breakout
L5 5350 Trgt 1
L6 5334 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 17-06-2011
Bank Nifty(Jun Fut)-Levels
R3 10915
R2 10828
R1 10709
Avg 10622
S1 10503
S2 10416
S3 10297
Bank Nifty(Jun Fut)-Trading Strategy
H6 10798 Trgt 2
H5 10751 Trgt 1
H4 10704 Long breakout
H3 10647 Go Short
H2 10628
H1 10609
L1 10572
L2 10553
L3 10534 Long
L4 10477 Short Breakout
L5 10430 Trgt 1
L6 10383 Trgt 2
R3 10915
R2 10828
R1 10709
Avg 10622
S1 10503
S2 10416
S3 10297
Bank Nifty(Jun Fut)-Trading Strategy
H6 10798 Trgt 2
H5 10751 Trgt 1
H4 10704 Long breakout
H3 10647 Go Short
H2 10628
H1 10609
L1 10572
L2 10553
L3 10534 Long
L4 10477 Short Breakout
L5 10430 Trgt 1
L6 10383 Trgt 2
Post-closing Report(16-06-2011)
News based volatile market today with intraday selling at higher levels between 5424-5442 and Nifty slipped into resistance range of 5329-5400. Minor support seen between 5405-5420 but Nifty could not sustain above and slipped below 5400.
As minor support seen above 5405 today therefore sustaing beyond it will be next move confirmation.
As minor support seen above 5405 today therefore sustaing beyond it will be next move confirmation.
Mid-session Outlook-2(16-06-2011)
Intra day support getting signals emerged between 5405-5420 today therefore sustaining above 5420 will be next up move first indication.
Mid-session Outlook(16-06-2011)
Voltality for today was predicted and that is being seen after credit policy today. Technical positions changes fast in such type of markets therefore next moves conclusions should drawn sfter sustaining beyond 5385-5430..
Post-open Outlook(16-06-2011)
Indian markets outperformed global cues after gap down opening today and trading above strong support range(5329-5400) since opening today,it is positive cue. Initial signals are positive but market require more preparation for next moves. RBI Credit Policy today at 12:00 noon therefore market may be volatile. Sustaining above 5430 will be first strong indication of very short term up move begining and moving below 5385 will be more weakness confirmation.
Next moves first confirmation range for today is 5385-5430.
Next moves first confirmation range for today is 5385-5430.
Technical Analysis,Researches & Market Outlook(16-06-2011)
Nifty-EOD Chart(15-06-2011) showing 32 sessions Range Bound Market(5329-5605):-
Nifty is trading between 5329-5605 for the last 32 sessions and also preparing for next moves between this range. Break out of mentioned range will give following decisive trend to Indian markets;-
1- Sustaing above 5605 will mean all trends are turning up and blasting rally after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions and that will mean beginning of long Bear phase also.
All the technical points have already been told in Weekly Outlook(Jun 13 to Jun 17,2011) and break out implications are updated above. Now only internal construction of mentioned range(5329-5605) will be discussed and will try to understand next moves before break out of range. Next resistances and supports within this range are as follows:-
1- Strong resistance is 5480-5604
2- Strong support is 5329-5400
Next support 2 below 5329 are:-
1- 5233
2- 5178
Most Asian markets are more than 1% down today morning after US markets 1.5% yesterday crash. Huge selling at higher levels and no consolidation at lower levels yesterday therefore Nifty will trade between next and last support range 5329-5400. Follow up selling below 5400 today will mean break ing down possibility of 5329.
Gap down opening and Red closing after whole day negative zone trading is also very much possible.Expected 1st range of today is 5375-5415 and Nifty will first prepare for next moves within this range. Let market prepare for next moves then will be updated from intraday charts analysis in Mid-session Outlooks as was done yesterday and down moves were declared near yesterday higher levels in following line:-
Mid-session Outlook(15-06-2011):- Selling developed just below strong resistance range therefore more down moves will be seen now.
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1- Sustaing above 5605 will mean all trends are turning up and blasting rally after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions and that will mean beginning of long Bear phase also.
All the technical points have already been told in Weekly Outlook(Jun 13 to Jun 17,2011) and break out implications are updated above. Now only internal construction of mentioned range(5329-5605) will be discussed and will try to understand next moves before break out of range. Next resistances and supports within this range are as follows:-
1- Strong resistance is 5480-5604
2- Strong support is 5329-5400
Next support 2 below 5329 are:-
1- 5233
2- 5178
Most Asian markets are more than 1% down today morning after US markets 1.5% yesterday crash. Huge selling at higher levels and no consolidation at lower levels yesterday therefore Nifty will trade between next and last support range 5329-5400. Follow up selling below 5400 today will mean break ing down possibility of 5329.
Gap down opening and Red closing after whole day negative zone trading is also very much possible.Expected 1st range of today is 5375-5415 and Nifty will first prepare for next moves within this range. Let market prepare for next moves then will be updated from intraday charts analysis in Mid-session Outlooks as was done yesterday and down moves were declared near yesterday higher levels in following line:-
Mid-session Outlook(15-06-2011):- Selling developed just below strong resistance range therefore more down moves will be seen now.
Nifty-Micro Analysis of Intra Day Chart For 15-06-2011
Nifty-Intra Day Chart(15-06-2011):-
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1- Selling between 5495-5480
2- Last 2 hours mixed patterns between 5439-5455
Conclusions
Selling between 5495-5480 and as soon as it developed then down moves was predicted in Mid-session Outlook today and following line was told:-
more down moves will be seen now.
As already selling at higher levels therefore more down moves and next supports testing possibility can not be ruled out because no clear consolidation patterns today and last 2 hours mixed patterns between 5439-5455, sustaining beyond this range will be next move confirmation and possibilities of slipping below this range are more.
FII & DII trading activity in Capital Market Segment on 15-Jun-2011
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Indian Stock Markets Closing Reports(15-06-2011)
1- Long Red Candle.
2- All the Indices closed negative.
3- Nifty tested that bottom of crucial support range( 5438-5455)
Ratios
Nifty Put Call Ratio: 0.89
Nifty P/E Ratio(15-06-2011): 20.12
Advances & Declines
BSE ADVANCES : 1178
BSE DECLINES : 1675
NSE ADVANCES : 467
NSE DECLINES : 936
Nifty Open Interest Changed Today
Nifty- 5300 CE(Jun)- +30050(+2.75%)
Nifty- 5300 PE(Jun)- -15800(-0.22%)
Nifty- 5400 CE(Jun)- +573650(+20.50%)
Nifty- 5400 PE(Jun)- -658600(-6.76%)
Nifty- 5500 CE(Jun)- +1682650(+35.44%)
Nifty- 5500 PE(Jun)- -1527550(-23.58%)
Closing
Nifty- closed at 5,447.50(-53.00 Points & -0.96%)
Sensex- closed at 18,132.24(-176.42 Points & -0.96%)
CNX MIDCAP - closed at 8,027.30(-51.30 Points & -0.64%)
BSE SMALL CAP- closed at 8,294.89(-49.40 Points & -0.59%)
Nifty Spot-Levels & Trading Strategy for 16-06-2011
Nifty Spot-Levels
R3 5545
R2 5522
R1 5484
Avg 5461
S1 5423
S2 5400
S3 5362
Nifty Spot-Trading Strategy
H6 5508 Trgt 2
H5 5494 Trgt 1
H4 5480 Long breakout
H3 5463 Go Short
H2 5458
H1 5452
L1 5441
L2 5435
L3 5430 Long
L4 5413 Short Breakout
L5 5399 Trgt 1
L6 5385 Trgt 2
R3 5545
R2 5522
R1 5484
Avg 5461
S1 5423
S2 5400
S3 5362
Nifty Spot-Trading Strategy
H6 5508 Trgt 2
H5 5494 Trgt 1
H4 5480 Long breakout
H3 5463 Go Short
H2 5458
H1 5452
L1 5441
L2 5435
L3 5430 Long
L4 5413 Short Breakout
L5 5399 Trgt 1
L6 5385 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 16-06-2011
Nifty(Jun Fut)-Levels
R3 5557
R2 5531
R1 5490
Avg 5464
S1 5423
S2 5397
S3 5356
Nifty(Jun Fut)-Trading Strategy
H6 5517 Trgt 2
H5 5502 Trgt 1
H4 5486 Long breakout
H3 5468 Go Short
H2 5462
H1 5456
L1 5443
L2 5437
L3 5431 Long
L4 5413 Short Breakout
L5 5398 Trgt 1
L6 5382 Trgt 2
R3 5557
R2 5531
R1 5490
Avg 5464
S1 5423
S2 5397
S3 5356
Nifty(Jun Fut)-Trading Strategy
H6 5517 Trgt 2
H5 5502 Trgt 1
H4 5486 Long breakout
H3 5468 Go Short
H2 5462
H1 5456
L1 5443
L2 5437
L3 5431 Long
L4 5413 Short Breakout
L5 5398 Trgt 1
L6 5382 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 16-06-2011
Bank Nifty(Jun Fut)-Levels
R3 11006
R2 10920
R1 10778
Avg 10692
S1 10550
S2 10464
S3 10322
Bank Nifty(Jun Fut)-Trading Strategy
H6 10864 Trgt 2
H5 10813 Trgt 1
H4 10761 Long breakout
H3 10698 Go Short
H2 10677
H1 10656
L1 10615
L2 10594
L3 10573 Long
L4 10510 Short Breakout
L5 10458 Trgt 1
L6 10407 Trgt 2
R3 11006
R2 10920
R1 10778
Avg 10692
S1 10550
S2 10464
S3 10322
Bank Nifty(Jun Fut)-Trading Strategy
H6 10864 Trgt 2
H5 10813 Trgt 1
H4 10761 Long breakout
H3 10698 Go Short
H2 10677
H1 10656
L1 10615
L2 10594
L3 10573 Long
L4 10510 Short Breakout
L5 10458 Trgt 1
L6 10407 Trgt 2
Pre-Closing Outlook(15-06-2011)
Following lines were told in Mid-session Outlook-2 today:-
Next support range is 5438-5455 and Nifty is trading within it. Expected that Nifty will not slip below 5438 today.
As told and 100% same happened. Nifty could not slip below 5438 and today lowest is 5438.95
I never gossip and also never guess therefore again telling that sustaining beyond 5438-5455 will be first indication of next moves and will be watched first of all tomorrow for next moves confirmations.
Next support range is 5438-5455 and Nifty is trading within it. Expected that Nifty will not slip below 5438 today.
As told and 100% same happened. Nifty could not slip below 5438 and today lowest is 5438.95
I never gossip and also never guess therefore again telling that sustaining beyond 5438-5455 will be first indication of next moves and will be watched first of all tomorrow for next moves confirmations.
Mid-session Outlook-2(15-06-2011)
We not only inform but prove a move well within time before its beginning and it was again done in Mid-session Outlook today and down moves were clearly projected in following line today:-
"Selling developed just below strong resistance range therefore more down moves will be seen now"
Next support range is 5438-5455 and Nifty is trading within it. Expected that Nifty will not slip below 5438 today. Fresh selling between 5480-5517 is confirm now and next trading range is 5438-5480 and follow up selling between this range will mean more down levels.
5438-5455 is now next strong support and next move confirmation range also. If follow up selling develop in the coming sessions then Nifty will slip below 5438.
Just watch 5438-5455 and its break out for next immediate move confirmation.
"Selling developed just below strong resistance range therefore more down moves will be seen now"
Next support range is 5438-5455 and Nifty is trading within it. Expected that Nifty will not slip below 5438 today. Fresh selling between 5480-5517 is confirm now and next trading range is 5438-5480 and follow up selling between this range will mean more down levels.
5438-5455 is now next strong support and next move confirmation range also. If follow up selling develop in the coming sessions then Nifty will slip below 5438.
Just watch 5438-5455 and its break out for next immediate move confirmation.
Mid-session Outlook(15-06-2011)
1- Strong resistance range- 5522-5604
2- Yesterday Selling between 5505-5517
3- Today Selling between 5495-5480
Selling developed just below strong resistance range therefore more down moves will be seen now.
2- Yesterday Selling between 5505-5517
3- Today Selling between 5495-5480
Selling developed just below strong resistance range therefore more down moves will be seen now.
Pre-open Outlook(15-06-2011)
When US markets were more than 1.25% up then also consolidation requirement was told again and again for any up move. Although US markets closed more than 1% up but Asian market are flat to negative today morning. As sentiment is not strong today morning therefore only first trading range has been changed and Nifty will first trade between yesterday trading range first(5485-5520).As yesterday range is only 35 points range therefore next move confirmation range is 5465-5535
As higher levels selling(5505-5517) yesterday and strong resistance range(5522-5604) therefore fresh consolidation is required in the coming sessions for any decisive and sustained up move from here. Indian markets are not trending but range bound therefore next immediate moves will be decided according to intraday charts patterns formations only and follow up buying/selling between 5465-5535 and this range break out will give next move confirmation.
As higher levels selling(5505-5517) yesterday and strong resistance range(5522-5604) therefore fresh consolidation is required in the coming sessions for any decisive and sustained up move from here. Indian markets are not trending but range bound therefore next immediate moves will be decided according to intraday charts patterns formations only and follow up buying/selling between 5465-5535 and this range break out will give next move confirmation.
100% accurate Predictions of 14-06-2011 market
yesterday all the Market Projections proved 100% accurate
1- Topic was named "Range Bound Market 0n 14-06-2011" and Nifty traded whole day between :-
35 points within 5485-5520 with Intraday mixed trading patterns.
2- Following lines were told yesterday;-
"Whatsoever strong/weak sentiments on 14-06-2011 but Nifty will trade firstly and most of the time between 5450-5520 and also closing expected within this range"
Yesterday highest was exactly at 5520.15 and closing within mentiorange range at 5500.50
3- Intraday selling patterns were told between 5505-5517 yesterday. Nifty could not cross 5517 after that and closed below 5505.
Technical Analysis,Research & Market Outlook(15-06-2011)
1- Buying between 5460-5492 on 10-06-2011
2- Buying between 5438-5496 on 13-06-2011
3- Buying between 5485-5495 on 14-06-2011
4- Selling between 5505-5517 on 14-06-2011
Last 3 sessions base formation between 5439-5496,next strong resistance range is 5522-5604 and between these 2 ranges yesterday selling between 5505-5517.
As higher levels selling(5505-5517) yesterday and strong resistance range(5522-5604) therefore fresh consolidation is required in the coming sessions to cross and sustain above 5604. My previous outlooks are live proofs of this fact that I posted only bullish views from the bottom of on going rally and also explained its reasons in Weekly Outlook(Jun 13 to Jun 17,2011).
US markets are more than 1.25% up at this moment and such positive closing today will mean stronger Asian markets tomorrow morning therefore Indian markets will also open positive and firstly trade in Green zone. Markets are used to consolidate at higher levels in Bullish markets and tomorrow consolidation will mean again hope of 5600 testing.
Expected that Nifty will consolidate between mentioned resistance range and finally cross 5605 for blasting. As Indian markets have to cross resistance range therefore 5522-5555 break out will be firstly watched in the coming sessions for next bullish moves and indian markets next moves preparation confirmations.
Nifty-Micro Analysis of Intra Day Chart For 15-06-2011
Nifty-Intra Day Chart(14-06-2011):-
Main Features
1- Selling between 5505-5517
2- Minor buying between 5485-5495
3- Whole day Narrow Range trading between 5485-5520
Conclusions
Indian markets prepared in narrow range strong big moves today. Selling at higher levels and minor buying at lower levels today. Break out and sustaining beyond today trading range(5490-5517) will be next big moves first confirmation and will be firstly watched tomorrow.
 |
| Just click on chart for its enlarged view |
1- Selling between 5505-5517
2- Minor buying between 5485-5495
3- Whole day Narrow Range trading between 5485-5520
Conclusions
Indian markets prepared in narrow range strong big moves today. Selling at higher levels and minor buying at lower levels today. Break out and sustaining beyond today trading range(5490-5517) will be next big moves first confirmation and will be firstly watched tomorrow.
Indian Stock Markets Closing Reports(14-06-2011)
1- Whole day narrow range market.
2- Candle similiar to Shooting star today.
3- Most of the Indices closed in Green except Auto,CD and Oil & Gas
Ratios
Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(14-06-2011): 20.31
Advances & Declines
BSE ADVANCES : 1614
BSE DECLINES : 1222
NSE ADVANCES : 796
NSE DECLINES : 597
Nifty Open Interest Changed Today
Nifty Open Interest Changed Today
Nifty- 5300 CE(Jun)- -73150(-6.25%)
Nifty- 5300 PE(Jun)- +244800(+3.45%)
Nifty- 5400 CE(Jun)- -41400(-1.45%)
Nifty- 5400 PE(Jun)- +327700(+3.37%)
Nifty- 5500 CE(Jun)- -371800(-7.12%)
Nifty- 5500 PE(Jun)- +231450(+3.64%)
Nifty- 5600 CE(Jun)- +324200(+4.60%)
Nifty- 5600 PE(Jun)- +39550(+1.39%)
Closing
Nifty- closed at 5,500.50(17.70 Points & +0.32%)
Sensex- closed at 18,308.66(+42.63 Points & +0.23%)
CNX MIDCAP - closed at 8,078.60(+41.15 Points & +0.51%)
BSE SMALL CAP- closed at 8,344.29(+30.97 Points & +0.37%)
FII & DII trading activity in Capital Market Segment on 14-Jun-2011
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Nifty Spot-Levels & Trading Strategy for 15-06-2011
Nifty Spot-Levels
R3 5554
R2 5537
R1 5518
Avg 5501
S1 5482
S2 5465
S3 5446
Nifty Spot-Trading Strategy
H6 5535 Trgt 2
H5 5526 Trgt 1
H4 5518 Long breakout
H3 5508 Go Short
H2 5505
H1 5502
L1 5495
L2 5492
L3 5489 Long
L4 5479 Short Breakout
L5 5471 Trgt 1
L6 5462 Trgt 2
R3 5554
R2 5537
R1 5518
Avg 5501
S1 5482
S2 5465
S3 5446
Nifty Spot-Trading Strategy
H6 5535 Trgt 2
H5 5526 Trgt 1
H4 5518 Long breakout
H3 5508 Go Short
H2 5505
H1 5502
L1 5495
L2 5492
L3 5489 Long
L4 5479 Short Breakout
L5 5471 Trgt 1
L6 5462 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 15-06-2011
Nifty(Jun Fut)-Levels
R3 5455
R2 5475
R1 5495
Avg 5515
S1 5535
S2 5555
S3 5575
Nifty(Jun Fut)-Trading Strategy
H6 5475 Trgt 2
H5 5484 Trgt 1
H4 5493 Long breakout
H3 5504 Go Short
H2 5507
H1 5511
L1 5518
L2 5522
L3 5526 Long
L4 5537 Short Breakout
L5 5545 Trgt 1
L6 5554 Trgt 2
R3 5455
R2 5475
R1 5495
Avg 5515
S1 5535
S2 5555
S3 5575
Nifty(Jun Fut)-Trading Strategy
H6 5475 Trgt 2
H5 5484 Trgt 1
H4 5493 Long breakout
H3 5504 Go Short
H2 5507
H1 5511
L1 5518
L2 5522
L3 5526 Long
L4 5537 Short Breakout
L5 5545 Trgt 1
L6 5554 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 15-06-2011
Bank Nifty(Jun Fut)-Levels
R3 10947
R2 10897
R1 10860
Avg 10810
S1 10773
S2 10723
S3 10686
Bank Nifty(Jun Fut)-Trading Strategy
H6 10911 Trgt 2
H5 10891 Trgt 1
H4 10871 Long breakout
H3 10847 Go Short
H2 10839
H1 10831
L1 10816
L2 10808
L3 10800 Long
L4 10776 Short Breakout
L5 10756 Trgt 1
L6 10736 Trgt 2
R3 10947
R2 10897
R1 10860
Avg 10810
S1 10773
S2 10723
S3 10686
Bank Nifty(Jun Fut)-Trading Strategy
H6 10911 Trgt 2
H5 10891 Trgt 1
H4 10871 Long breakout
H3 10847 Go Short
H2 10839
H1 10831
L1 10816
L2 10808
L3 10800 Long
L4 10776 Short Breakout
L5 10756 Trgt 1
L6 10736 Trgt 2
Pre-closing Outlook(14-06-2011)
Following lines were told in Mid-session Outlook today as applicable at this moment therefore repeating:-
Disappointing inflation numbers and intraday mixed patterns within 5505-5517 therefore today trading range break out(5484-5520) will be watched for next move first indication. As selling patterns also at higher levels today therefore minor slipping possibility can not be rules out after negative inflation news.
Minor slipping possibility was told and minor slip was seen, Nifty formed new trading low at 01:10pm. Selling patterns were told between 5505-5517 and Nifty is trading below 5505 for the last more than 2 hours.
Following lines were predicted yesterday for today market,which proved 100% accurate today:-
Whatsoever strong/weak sentiments on 14-06-2011 but Nifty will trade firstly and most of the time between 5450-5520 and also closing expected within this range.(Ref:-Range Bound Market 0n 14-06-2011)
As selling patterns seen within 5505-5517 today therefore sustaining above 5517 will be next up moves confirmation and will be first watch tomorrow for next move confirmation.
Nifty traded whole day between 5490-5517 and sustaining beyond this range will be next move strong confirmation. As sellings signals emerged within this range today therefore fresh consolidation is must for moving above it and selling tomorrow will mean again beginning of fresh down moves.
Break out and sustaining beyond today trading range(5490-5517) will be next big moves confirmations and will be first watched tomorrow.
Disappointing inflation numbers and intraday mixed patterns within 5505-5517 therefore today trading range break out(5484-5520) will be watched for next move first indication. As selling patterns also at higher levels today therefore minor slipping possibility can not be rules out after negative inflation news.
Minor slipping possibility was told and minor slip was seen, Nifty formed new trading low at 01:10pm. Selling patterns were told between 5505-5517 and Nifty is trading below 5505 for the last more than 2 hours.
Following lines were predicted yesterday for today market,which proved 100% accurate today:-
Whatsoever strong/weak sentiments on 14-06-2011 but Nifty will trade firstly and most of the time between 5450-5520 and also closing expected within this range.(Ref:-Range Bound Market 0n 14-06-2011)
As selling patterns seen within 5505-5517 today therefore sustaining above 5517 will be next up moves confirmation and will be first watch tomorrow for next move confirmation.
Nifty traded whole day between 5490-5517 and sustaining beyond this range will be next move strong confirmation. As sellings signals emerged within this range today therefore fresh consolidation is must for moving above it and selling tomorrow will mean again beginning of fresh down moves.
Break out and sustaining beyond today trading range(5490-5517) will be next big moves confirmations and will be first watched tomorrow.
Mid-session Outlook-2(14-06-2011)
Indian markets reacted moderately on increase in May Inflation numbers. As mixed patterns between 5505-5517 today therefore break out of 5480-5520 should be firstly watched for next moves confirmations.
Mid-session Outlook(14-06-2011)
May inflation at 9.06% vs 8.66%(MoM)
Trading range for today was given between 5450-5520 and nifty traded within this range at upper band within 5484.20-5520.15 upto 12:00 noon today.
Disappointing inflation numbers and intraday mixed patterns within 5505-5517 therefore today trading range break out(5484-5520) will be watched for next move first indication. As selling patterns also at higher levels today therefore minor slipping possibility can not be rules out after negative inflation news.
Trading range for today was given between 5450-5520 and nifty traded within this range at upper band within 5484.20-5520.15 upto 12:00 noon today.
Disappointing inflation numbers and intraday mixed patterns within 5505-5517 therefore today trading range break out(5484-5520) will be watched for next move first indication. As selling patterns also at higher levels today therefore minor slipping possibility can not be rules out after negative inflation news.
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Following Facts
All moves of Indian Stock Markets are always first of all & accurately predicted only in this Blog
Micro-Analysis of Intra Day Charts with so high accuracy is always available only in:-
Verify
Following Facts
All moves of Indian Stock Markets are always first of all & accurately predicted only in this Blog
Micro-Analysis of Intra Day Charts with so high accuracy is always available only in:-
Any other Website or Business News channel can never predict so accurately as predicted daily only in this Blog.
Indian Stock Markets
Operators can never
deceive this Blog's Outlooks
Indian Stock Markets
Operators can never
deceive this Blog's Outlooks
Post-open Outlook(14-06-2011)
Following lines and up moves expectations were clearly told in Pre-closing Outlook yesterday which proved 100% accurate in first minute today because consolidation was told within 5477-5496 yesterday and Nifty crossed this range in first minute today:-
"Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today"
Above views were repeated in all the outlooks which were written for today markets.
Strong opening today,entering and trading into next resistance range(5522-5604) possibility turned higher now.
"Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today"
Above views were repeated in all the outlooks which were written for today markets.
Strong opening today,entering and trading into next resistance range(5522-5604) possibility turned higher now.
Pre-open Outlook(14-06-2011)
Flat and quiet global markets today morning therefore Nifty will open flat and firstly trade between last 3 hours 5477-5496,consolidation patterns within this range yesterday therefore follow up buying today will mean entering into next resistance range(5522-5604)
Mentioned last 3 hours range is 19 points range and Nifty may easily move beyond this range therefore next move confirmation range is 5450-5520. Expected that Nifty will trade most of the time and close within 5450-5520 today.
As whole day consolidation yesterday therefore upmoves are more expected and follow up buying/selling today will decide next moves and sustaining beyond 5450-5520 will be confirmation of next moves.
Mentioned last 3 hours range is 19 points range and Nifty may easily move beyond this range therefore next move confirmation range is 5450-5520. Expected that Nifty will trade most of the time and close within 5450-5520 today.
As whole day consolidation yesterday therefore upmoves are more expected and follow up buying/selling today will decide next moves and sustaining beyond 5450-5520 will be confirmation of next moves.
Range Bound Market 0n 14-06-2011
Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Charts,Technical Positions,next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-
1-Nifty-Micro Analysis of Intra Day Chart For 14-06-2011
2-Technical Analysis and Research(Waves Structure)
Conclusions (After Putting All Studies Together)
Range bound Indian markets were proved,following lines were told in the topic on 12-06-2011-What will be Indian markets reaction on Dow's 175 points crash?
1- Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves. Good supports below 5400 and Nifty require complete selling for slipping below 5329.
2- Nifty can not go any where and will first trade and prepare for next moves between this range in the coming sessions
Above lines were told in most depressing sentiment which proved 100% accurate. Nifty could not go anywhere,remained range bound and closed flat with whole day intraday consolidation patterns within 5436-5496 on 13-06-2011.
Next resistance range is 5522-5604 and market require complete consolidation to cross it. In the same manner first strong support range is 5438-5480. Expected nifty moves are as follows on 14-06-2011:-
Nifty traded last 3 hours within 5477-5496 on 13-06-2011 with intraday consolidation patterns and this range break out as well sustaining beyond will be next moves first indication. As consolidation within this range and follow up consolidations on 14-06-2011 will mean entry into next resistance range(5522-5604) because strong supports below this this range within 5438-5480 also.
Whatsoever strong/weak sentiments on 14-06-2011 but Nifty will trade firstly and most of the time between 5450-5520 and also closing expected within this range. Strong resistance above this range and strong supports below this range. Follow up buying/Selling and break out of this range will give second strong indication of next strong moves.
Let Nifty prepare for next moves within 5450-5520 then next moves will be decided and posted from intraday charts formations as were posted yesterday before the beginning of up moves.
FII & DII trading activity in Capital Market Segment on 13-Jun-2011
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Nifty-Micro Analysis of Intra Day Chart For 14-06-2011
Micro-Analysis of Intra Day Charts with so high accuracy is always available only in:-
enjoydailyprofits.blogspot.com
Any other Website or Business News channel can never predict so accurately as predicted daily only in this Blog.
Nifty-Intra Day Chart(13-06-2011):-
Main Features
1- Falling Wedge Bullish pattern
2- Support between 5438-5455
3- Rising Channel Upmove
4- Last 3 hours between 5477-5496
Conclusions
Strong upmove today but it is not being told after closing for market but today upmove was predicted well before its begining in following lines:-
1- When Nifty was trading near today lower levels then up side break out possibility was told in Post-open Outlook today.
2- After that upmoves were told in all 3 Mid-session Outlooks
3- Down moves were never told after US market last Friday crash and First trading and next moves preparation range(5400-5473) was given in which Nifty traded almost first 3 hours and after that up moves were seen today.
Firstly Falling Wedge Bullish pattern formation and after that Support and base formation between 5438-5455 seen today. Up moves in Rising channel and after that Nifty traded last 3 hours between 5477-5496 with intraday consolidation patterns.
Although Nifty closed near lower levels of the last 3 hours range in Red but whole day intraday charts are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
enjoydailyprofits.blogspot.com
Any other Website or Business News channel can never predict so accurately as predicted daily only in this Blog.
Nifty-Intra Day Chart(13-06-2011):-
 |
| Just click on chart for its enlarged view |
1- Falling Wedge Bullish pattern
2- Support between 5438-5455
3- Rising Channel Upmove
4- Last 3 hours between 5477-5496
Conclusions
Strong upmove today but it is not being told after closing for market but today upmove was predicted well before its begining in following lines:-
1- When Nifty was trading near today lower levels then up side break out possibility was told in Post-open Outlook today.
2- After that upmoves were told in all 3 Mid-session Outlooks
3- Down moves were never told after US market last Friday crash and First trading and next moves preparation range(5400-5473) was given in which Nifty traded almost first 3 hours and after that up moves were seen today.
Firstly Falling Wedge Bullish pattern formation and after that Support and base formation between 5438-5455 seen today. Up moves in Rising channel and after that Nifty traded last 3 hours between 5477-5496 with intraday consolidation patterns.
Although Nifty closed near lower levels of the last 3 hours range in Red but whole day intraday charts are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
Indian Stock Markets Closing Reports(13-06-2011)
1- Flat closing after strong support at lower levels.
2- All the Indices recovered from lower levels.
3- Bullish Hammer Candle
4- Whole day Intraday consolidations.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(13-06-2011): 20.25
Advances & Declines
BSE ADVANCES : 1403
BSE DECLINES : 1433
NSE ADVANCES : 653
NSE DECLINES : 731
Nifty Open Interest Changed Today
Nifty- 5300 CE(Jun)- -225150(-16.08%)
Nifty- 5300 PE(Jun)- +590400(+8.99%)
Nifty- 5400 CE(Jun)- +165700(+6.10%)
Nifty- 5400 PE(Jun)- +1199200(+21.91%)
Nifty- 5500 CE(Jun)- -509200(-8.91%)
Nifty- 5500 PE(Jun)- +173650(+6.38%)
Nifty- 5600 CE(Jun)- +446500(+6.62%)
Nifty- 5600 PE(Jun)- +173650(+6.38%)
Closing
Nifty- closed at 5,482.80(-3.00 Points & -0.05%)
Sensex- closed at 18,266.03(-2.51 Points & -0.01%)
CNX MIDCAP - closed at 8,037.45(+45.40 Points & +0.57%)
BSE SMALL CAP- closed at 8,313.32(+24.86 Points & +0.30%)
Nifty Spot-Levels & Trading Strategy for 14-06-2011
Nifty Spot-Levels
R3 5566
R2 5531
R1 5506
Avg 5471
S1 5446
S2 5411
S3 5386
Nifty Spot-Trading Strategy
H6 5542 Trgt 2
H5 5528 Trgt 1
H4 5515 Long breakout
H3 5498 Go Short
H2 5493
H1 5487
L1 5476
L2 5471
L3 5465 Long
L4 5449 Short Breakout
L5 5435 Trgt 1
L6 5421 Trgt 2
R3 5566
R2 5531
R1 5506
Avg 5471
S1 5446
S2 5411
S3 5386
Nifty Spot-Trading Strategy
H6 5542 Trgt 2
H5 5528 Trgt 1
H4 5515 Long breakout
H3 5498 Go Short
H2 5493
H1 5487
L1 5476
L2 5471
L3 5465 Long
L4 5449 Short Breakout
L5 5435 Trgt 1
L6 5421 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 14-06-2011
Nifty(Jun Fut)-Levels
R3 5601
R2 5556
R1 5527
Avg 5482
S1 5453
S2 5408
S3 5379
Nifty(Jun Fut)-Trading Strategy
H6 5572 Trgt 2
H5 5555 Trgt 1
H4 5538 Long breakout
H3 5518 Go Short
H2 5511
H1 5504
L1 5491
L2 5484
L3 5477 Long
L4 5457 Short Breakout
L5 5440 Trgt 1
L6 5423 Trgt 2
R3 5601
R2 5556
R1 5527
Avg 5482
S1 5453
S2 5408
S3 5379
Nifty(Jun Fut)-Trading Strategy
H6 5572 Trgt 2
H5 5555 Trgt 1
H4 5538 Long breakout
H3 5518 Go Short
H2 5511
H1 5504
L1 5491
L2 5484
L3 5477 Long
L4 5457 Short Breakout
L5 5440 Trgt 1
L6 5423 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 14-06-2011
Bank Nifty(Jun Fut)-Levels
R3 10960
R2 10862
R1 10797
Avg 10699
S1 10634
S2 10536
S3 10471
Bank Nifty(Jun Fut)-Trading Strategy
H6 10897 Trgt 2
H5 10859 Trgt 1
H4 10821 Long breakout
H3 10776 Go Short
H2 10761
H1 10746
L1 10717
L2 10702
L3 10687 Long
L4 10642 Short Breakout
L5 10604 Trgt 1
L6 10567 Trgt 2
R3 10960
R2 10862
R1 10797
Avg 10699
S1 10634
S2 10536
S3 10471
Bank Nifty(Jun Fut)-Trading Strategy
H6 10897 Trgt 2
H5 10859 Trgt 1
H4 10821 Long breakout
H3 10776 Go Short
H2 10761
H1 10746
L1 10717
L2 10702
L3 10687 Long
L4 10642 Short Breakout
L5 10604 Trgt 1
L6 10567 Trgt 2
Pre-closing Outlook(13-06-2011)
Technical positions are as follows:-
1- Consolidations between 5437-5580(Today and Last Friday)
2- Strong resistance between 5522-5604
Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
5480-5522 break out and sustaining beyond will be next moves confirmations.
1- Consolidations between 5437-5580(Today and Last Friday)
2- Strong resistance between 5522-5604
Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
5480-5522 break out and sustaining beyond will be next moves confirmations.
Mid-session Outlook-2(13-06-2011)
Following lines were told in What will be Indian markets reaction on Dow's 175 points crash? yesterday:-
Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves.
As We told 100% same happened and Nifty prepared for next moves within mentioned range(5400-5473) and after that did not followed weak US and Asian markets but followed our upmoves prediction of Post-open Outlook(13-06-2011)
Sustainability above 5480 will be watched for up moves confirmations. Strong resistances between 5522-5604 therefore market requires consolidations before every rise. Expected that Indian markets will consolidate and will move up.
5480-5522 break out should be watched for first signal of next moves confirmations.
Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves.
As We told 100% same happened and Nifty prepared for next moves within mentioned range(5400-5473) and after that did not followed weak US and Asian markets but followed our upmoves prediction of Post-open Outlook(13-06-2011)
Sustainability above 5480 will be watched for up moves confirmations. Strong resistances between 5522-5604 therefore market requires consolidations before every rise. Expected that Indian markets will consolidate and will move up.
5480-5522 break out should be watched for first signal of next moves confirmations.
Mid-session Outlook(13-06-2011)
When Indian markets were trading near today's lows then following lines were told in Post-open Outlook today:-
As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-
1- 5438-5445(Today)
2- 5460-5480(Last Friday)
Nifty is trading above 5480 and also expected that will condolidate and sustain above it. Strong resistance above 5522 therefore market require consolidations before any up move.
Indian markets did not crashed after US markets 1.5% down today and all my Outlooks for today markets are live proof of this fact that I never told for weak market in most depressing sentiments and also predicted today up moves well before its begining in Post-open Outlook today.
As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-
1- 5438-5445(Today)
2- 5460-5480(Last Friday)
Nifty is trading above 5480 and also expected that will condolidate and sustain above it. Strong resistance above 5522 therefore market require consolidations before any up move.
Indian markets did not crashed after US markets 1.5% down today and all my Outlooks for today markets are live proof of this fact that I never told for weak market in most depressing sentiments and also predicted today up moves well before its begining in Post-open Outlook today.
Post-open Outlook(13-06-2011)
Nifty is trading below 5457 because heavy weight RIL is also trading more that 2% down today. Sustaining below 5457 will be fresh down moves confirmations but intraday support between 5438-5445 today also therefore down moves confirmation will be below 5438. As Consolidations seen between 5460-5480 last Friday therefore selling below 5457 and moving below 5438 is must for down moves confirmations and moves above 5480 will be up moves confirmations also.
Completely range bound markets with strong supports at lower levels and strong resistances at higher levels. Let market finally prepare for decisive trend then trending markets will commence and till then quiet range bound moves will be seen.
Although supports seen within 5438-5480 but Nifty is trading at the lower bend of this range therefore sustaining beyond this range will be strong indication of next moves. As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-
1- 5438-5445(Today)
2- 5460-5480(Last Friday)
Completely range bound markets with strong supports at lower levels and strong resistances at higher levels. Let market finally prepare for decisive trend then trending markets will commence and till then quiet range bound moves will be seen.
Although supports seen within 5438-5480 but Nifty is trading at the lower bend of this range therefore sustaining beyond this range will be strong indication of next moves. As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-
1- 5438-5445(Today)
2- 5460-5480(Last Friday)
Pre-open Outlook(13-06-2011)
Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topicS with 4 Charts therefore not being repeated:-
Although US markets closed about 1.5% down last Friday but Asian markets are moderately weak today morning and most are less than 1% down. Sentiment is not depressed,Nifty will open, firstly trade and prepare for next moves between 5457-5522. Strong resistances above 5522 and and good supports within this range.Break out and sustaining beyond mentioned range will give confirmation to next those moves which have already been discussed in above topics yesterday.
What will be Indian markets reaction on Dow's 175 points crash?
Weekly Outlook(Jun 13 to Jun 17,2011)
Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topicS with 3 Charts therefore not being repeated:-
1-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
2-Technical Analysis and Research(Waves Structure)
3-Wave-4 Correction,Wave-5 Formations & Inverse HNS
Nifty-EOD Chart(10-06-2011):-
Main Features
1- Last 28 sessions range bound market between 5329-5605
2- Support,base formation and consolidation between 5459-5473
3- Strong support between 5329-5400
4- Strong resistance between 5522-5604
Conclusions
Indian markets slipped from 5604 after last 8 sessions selling between 5522-5604. Nifty tested last 10 days lows and tested lows of strong support range(5459-5473) but closed above it at 5485 last Friday after consolidations between 5460-5480.
As Nifty got support in strong support range(5459-5473) last Friday therefore :-
1- Until Nifty will not sustain below 5459 till then fresh down move will not be considered.
2- If Global pressure remains high on Monday and Nifty slips below 5459 then strong support range is 5329-5400 and market requires complete distribution patterns for sustaining below 5329.
As good selling between 5522-5604 and last Friday lower levels consolidations is not sufficient to move above 5522 therefore market requires complete consolidations below 5522 for any types of up moves also. Market require fresh preperation for any side directional moves and trending market.
Conclusions (After Putting All Studies Together)
All trends are down and Nifty is trading between 5329-5605 for the last 28 sessions with Inverse Head & Shoulders(HNS) pattern Formations. Strong resistances at higher levels and strong supports are at lower levels and Nifty closed almost in the middle of this range last Friday therefore Nifty can not go any where and will first trade and prepare for next moves between this range in the coming sessions and break out of this range will give decisive trend to Indian markets. Break out of this range will mean:-
1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.
Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves. Good supports below 5400 and Nifty require complete selling for slipping below 5329.
28 Sessions range bound markets and it is confirm that strong moves toward break out side will be seen. Follow up buying/selling in the coming couple of sessions will decide that Nifty will test next suooprts or resistances and Next moves first indication will be sustaining beyond 5400-5473.
Firstly range bound quiet trading between 5329-5605 will be seen and if this range is broken out in the coming week then decisive fast moves toward break out side will be seen.
Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topicS with 3 Charts therefore not being repeated:-
1-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
2-Technical Analysis and Research(Waves Structure)
3-Wave-4 Correction,Wave-5 Formations & Inverse HNS
Nifty-EOD Chart(10-06-2011):-
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| Just click on chart for its enlarged view |
1- Last 28 sessions range bound market between 5329-5605
2- Support,base formation and consolidation between 5459-5473
3- Strong support between 5329-5400
4- Strong resistance between 5522-5604
Conclusions
Indian markets slipped from 5604 after last 8 sessions selling between 5522-5604. Nifty tested last 10 days lows and tested lows of strong support range(5459-5473) but closed above it at 5485 last Friday after consolidations between 5460-5480.
As Nifty got support in strong support range(5459-5473) last Friday therefore :-
1- Until Nifty will not sustain below 5459 till then fresh down move will not be considered.
2- If Global pressure remains high on Monday and Nifty slips below 5459 then strong support range is 5329-5400 and market requires complete distribution patterns for sustaining below 5329.
As good selling between 5522-5604 and last Friday lower levels consolidations is not sufficient to move above 5522 therefore market requires complete consolidations below 5522 for any types of up moves also. Market require fresh preperation for any side directional moves and trending market.
Conclusions (After Putting All Studies Together)
All trends are down and Nifty is trading between 5329-5605 for the last 28 sessions with Inverse Head & Shoulders(HNS) pattern Formations. Strong resistances at higher levels and strong supports are at lower levels and Nifty closed almost in the middle of this range last Friday therefore Nifty can not go any where and will first trade and prepare for next moves between this range in the coming sessions and break out of this range will give decisive trend to Indian markets. Break out of this range will mean:-
1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.
Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves. Good supports below 5400 and Nifty require complete selling for slipping below 5329.
28 Sessions range bound markets and it is confirm that strong moves toward break out side will be seen. Follow up buying/selling in the coming couple of sessions will decide that Nifty will test next suooprts or resistances and Next moves first indication will be sustaining beyond 5400-5473.
Firstly range bound quiet trading between 5329-5605 will be seen and if this range is broken out in the coming week then decisive fast moves toward break out side will be seen.
Wave-4 Correction,Wave-5 Formations & Inverse HNS
Nifty-EOD Chart(10-06-2011):-
Main Features
1- 'ABC' Correction in Wave-4
2- 'C' corrective wave of Wave-4 completed 5 waves and correction completed
3- Impulsive Waves-5 started but Nifty is trading and sustaining below it for the last 22 sessions.
4- Continuation patterns formation in Wave-5 but Nifty is trading and sustaining below its rising trend line for the last 22 sessions.
5- Inverse Head & Shoulders(HNS) Formations in last 28 sessions.
Conclusions
Wave-4 'ABC' Correction completed but Nifty is trading below Wave-5 Trend Line and sustaining below it for the last 22 sessions therefore Wave-5 failure possibility can not be ruled out. Wave-5 failure confirmation level is sustaining below 5178. Inverse Head & Shoulders(HNS) Formations(Bullish) in last 28 sessions between 5329-5605 also therefore breaking out of this range will decide next long term and strong trend because:-
1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.
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| Just click on chart for its enlarged view |
1- 'ABC' Correction in Wave-4
2- 'C' corrective wave of Wave-4 completed 5 waves and correction completed
3- Impulsive Waves-5 started but Nifty is trading and sustaining below it for the last 22 sessions.
4- Continuation patterns formation in Wave-5 but Nifty is trading and sustaining below its rising trend line for the last 22 sessions.
5- Inverse Head & Shoulders(HNS) Formations in last 28 sessions.
Conclusions
Wave-4 'ABC' Correction completed but Nifty is trading below Wave-5 Trend Line and sustaining below it for the last 22 sessions therefore Wave-5 failure possibility can not be ruled out. Wave-5 failure confirmation level is sustaining below 5178. Inverse Head & Shoulders(HNS) Formations(Bullish) in last 28 sessions between 5329-5605 also therefore breaking out of this range will decide next long term and strong trend because:-
1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.
Technical Analysis and Research(Waves Structure)
Nifty-EOD Chart(10-06-2011):-
Main Features
1st impulsive wave begun on 27-10-2008 from 2252
2nd corrective wave begun on 12-06-2009 from 4693
3rd impulsive wave begun on 13-07-2009 from 3919
4th corrective wave begun on 05-11-2010 from 6338(2419 Points rally of Wave-3)
5th impulsive wave begun on 11-02-2011 from 5178(1160 Points correction of Wave-4)
Conclusions
Wave-4 'ABC' Correction completed but Nifty is trading below Wave-5 Trend Line and sustaining below it for the last 22 sussions therefore Wave-5 failure possibility can not be ruled out. Wave-5 failure confirmation level is sustaining below 5178.
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| Just click on chart for its enlarged view |
1st impulsive wave begun on 27-10-2008 from 2252
2nd corrective wave begun on 12-06-2009 from 4693
3rd impulsive wave begun on 13-07-2009 from 3919
4th corrective wave begun on 05-11-2010 from 6338(2419 Points rally of Wave-3)
5th impulsive wave begun on 11-02-2011 from 5178(1160 Points correction of Wave-4)
Conclusions
Wave-4 'ABC' Correction completed but Nifty is trading below Wave-5 Trend Line and sustaining below it for the last 22 sussions therefore Wave-5 failure possibility can not be ruled out. Wave-5 failure confirmation level is sustaining below 5178.
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