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Senate defeats House debt-ceiling bill


WASHINGTON (MarketWatch) — The Senate voted Friday night to set aside a House-passed bill that would raise the U.S. debt limit and cut the deficit, paving the way for a vote on Senate Democrats’ own measure and intense compromise talks as the clock ticked toward a potential government default next week.

Boehner: ‘I stuck my neck out’

In addressing the House of Representatives, Speaker John Boehner called on Democrats to "put something on the table." Courtesy Fox News.
The House bill passed 218-210 earlier Friday, after Republican leaders won over conservatives by tying an increase in the $14.3 trillion debt limit to passing a balanced-budget amendment. President Barack Obama opposes the House bill and is backing the rival measure from Senate Democratic Leader Harry Reid.
The House and Senate bills share key similarities, but a sticking point is how much and when to raise the government’s borrowing limit.
Senate leaders were working furiously on a compromise measure, and comments from Republicans including Sens. Olympia Snowe of Maine and Scott Brown of Massachusetts indicated a deal could win bipartisan support. Snowe said she was reviewing plans by Reid, of Nevada, and Minority Leader Mitch McConnell of Kentucky and hoped they would work through their differences, according to The Wall Street Journal.
Obama continued to warn that the debt limit needs to be raised by Tuesday to avoid default. Payments on Treasury debt, veterans’ benefits and government employees’ salaries would halt if the government can’t pay its bills, the White House says.
On Saturday, the Republican-controlled House plans to reject Sen. Reid’s debt-ceiling bill, which would cut around $2 trillion in spending over 10 years and raise the debt limit by about $2.4 trillion. That’s enough to last past the 2012 elections and avoid a new fight over the debt ceiling before voters go to the polls.
Reid is hoping to ultimately pass his bill in the Senate after negotiating with Republicans and has set a vote to cut off debate on it for early Sunday morning. Final passage would then come Tuesday.

Source:-http://www.marketwatch.com/story/house-passes-bill-to-boost-debt-ceiling-2011-07-29?siteid=yhoof

FII Trading Data in Derivatives Segment on 29-Jul-2011


FII & DII trading activity in Capital Market Segment on 29-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII29-Jul-20112771.533235.56-464.03


DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII29-Jul-20111564.711152.89411.82

Indian Stock Markets Closing Reports(29-Jul-2011)


Main features of today trading are as follows

1- Red closing with minor losses.
2- Mixed closing of Indices.Some closed with gains while others with loss.
3- Today Candle is Doji.

Ratios

Nifty Put Call Ratio:1.00
Nifty P/E Ratio(28-Jul-2011): 19.76

Advances & Declines

BSE ADVANCES : 1105
BSE DECLINES : 1772
NSE ADVANCES : 485
NSE DECLINES : 921

Nifty Open Interest Changed Today

Nifty- 5400 CE(Jul)- +151950(+9.14%)
Nifty- 5600 PE(Jul)- +1514800(+30.69%)

Nifty- 5500 CE(Jul)- +905000(+22.79%)
Nifty- 5500 PE(Jul)- +524250(+13.01%)

Closing 

Nifty- closed at 5,482.00(-5.75 Points & -00.10%)
Sensex- closed at 18,197.20(-12.32 Points & -0.07%)
CNX MIDCAP - closed at 8,017.35(-28.85 Points & -0.36%)
BSE SMALL CAP- closed at 8,305.58(-55.84 Points & -0.67%)

Nifty Spot-Levels & Trading Strategy for 01-08-2011

Nifty Spot-Levels

R3 5584
R2 5552
R1 5517
Avg 5485
S1 5450
S2 5418
S3 5383

Nifty Spot-Trading Strategy

H6 5549     Trgt 2
H5 5534     Trgt 1
H4 5518     Long breakout
H3 5500     Go Short
H2 5494
H1 5488
L1 5475
L2 5469
L3 5463     Long
L4 5445     Short Breakout
L5 5429     Trgt 1
L6 5414     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2011

Nifty(Jul Fut)-Levels

R3 5602
R2 5566
R1 5527
Avg 5491
S1 5452
S2 5416
S3 5377

Nifty(Jul Fut)-Trading Strategy

H6 5563     Trgt 2
H5 5546     Trgt 1
H4 5529     Long breakout
H3 5508     Go Short
H2 5501
H1 5494
L1 5481
L2 5474
L3 5467     Long
L4 5446     Short Breakout
L5 5429     Trgt 1
L6 5412     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2011

Bank Nifty(Jul Fut)-Levels

R3 11222
R2 11101
R1 11005
Avg 10884
S1 10788
S2 10667
S3 10571

Bank Nifty(Jul Fut)-Trading Strategy

H6 11129     Trgt 2
H5 11079     Trgt 1
H4 11029     Long breakout
H3 10969     Go Short
H2 10949
H1 10929
L1 10890
L2 10870
L3 10850     Long
L4 10790     Short Breakout
L5 10740     Trgt 1
L6 10690     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Aug 01 to Aug 05,2011)

Nifty Spot-Weekly Levels

R3 5856
R2 5779
R1 5630
Avg 5553
S1 5404
S2 5327
S3 5178

Nifty Spot-Weekly Trading Strategy

H6 5708     Trgt 2
H5 5657     Trgt 1
H4 5606     Long breakout
H3 5544     Go Short
H2 5523
H1 5502
L1 5461
L2 5440
L3 5419     Long
L4 5357     Short Breakout
L5 5306     Trgt 1
L6 5255     Trgt 2

Pre-closing Outlook(29-07-2011)

Selling between 5500-5519 and some buying between 5460-5477 seen today but intraday pattern is distribution therefore down moves possibilities are more in next week and moves confirmation range is 5460-5520.

Mid-session Outlook(29-07-2011)


Dow's Futures is trading more than 60 points down and all the European markets Futures are also more than 1% negative. All the Asian markets are also trading in Red but Indian markets out performed all the Global markets and trading positive within yesterday trading range(5475-5510).

As soon as Indian markets showed some strength then it was updated immediately after opening and again repeating that firstly sustaining beyond yesterday trading range should be watched for next moves confirmatins. As higher levels selling and lower levels buying was seen between mentioned range yesterday and Indian markets showed strength immediately after opening today therefore next moves confirmations through sustaining beyond yesterday trading range is must.

Sustaining below 5475 will be confirmation of that move which has been updated today in No Support in 154 Points Zone

Post-open Outlook(29-07-2011)


Indian markets ignored all the depressing global cues today morning and out performing as well therefore firstly yesterday trading range(5475-5510) will  give next moves confirmation.

Just watch sustaining beyond (5475-5510) for next moves confirmations.

No Support in 154 Points Zone

Technical Analysis and Research For 29-07-2011

Nifty-EOD Chart(28-Jul-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- Nifty traded and closed most of the day yesterday below crucial support of 5497.
2- Last 22 sessions structure with lower top(T2) broken down yesterday.
3- Higher levels selling in intraday charts yesterday which has been updated in Nifty-Micro Analysis of Intra Day Chart For 29-07-2011.

Conclusions

Last 22 sessions structure finally proved a Bearish formations and next support range is 5252-5343. No support between 5343-5497 and 154 points fall is possible after 5497 breaking down.

Indian markets have already given breaking down of 22 sessions range and global cres also weak today morning therefore negative closing will be seen today after gap down opening and whole day Red zone trading.

Nifty-Micro Analysis of Intra Day Chart For 29-07-2011


Nifty-Intra Day Chart(28-Jul-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 5492-5500
2- Buying between 5475-5485
3- Last 2 hours selling between 5492-5506

Conclusions

Nifty closed below 5497 and also selling seen near about it. As today negative zone market was result of depressed global cues therefore sustaining beyond today range(5475-5510) will be next moves confirmation but higher levels selling today therefore down moves possibilities are high.

FII Trading Data in Derivatives Segment on 28-Jul-2011


FII & DII trading activity in Capital Market Segment on 28-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII28-Jul-20114126.114061.4564.66


DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII28-Jul-20111878.111468.77409.34

Indian Stock Markets Closing Reports(28-Jul-2011)

Main features of today trading are as follows

1- Doji Candle Formation
2- Red closing after gap down opening.
3- All the Indices closed in Red except FMCG.

Ratios

Nifty Put Call Ratio: 0.89
Nifty P/E Ratio(28-Jul-2011) :19.86

Advances & Declines

BSE ADVANCES : 925
BSE DECLINES : 1941
NSE ADVANCES : 361
NSE DECLINES : 1071

Nifty Open Interest Changed Today

Nifty- 5400 CE(Aug)- -170250(-37.45%)
Nifty- 5400 PE(Aug)- +2917500(+39.18%)

Nifty- 5500 CE(Aug)- +1545050(+20.67%)
Nifty- 5500 PE(Aug)- -4536900(-48.32%)

Closing 

Nifty- closed at 5,487.75(-59.05 Points & -1.06%)
Sensex- closed at 18,209.52(-222.73 Points & -1.21% )
CNX MIDCAP - closed at 8,046.20(-67.95 Points & -0.84%)
BSE SMALL CAP- closed at 8,361.42(-78.69 Points & -0.93%)

Nifty Spot-Levels & Trading Strategy for 29-07-2011

Nifty Spot-Levels

R3 5544
R2 5528
R1 5507
Avg 5491
S1 5470
S2 5454
S3 5433

Nifty Spot-Trading Strategy

H6 5524     Trgt 2
H5 5515     Trgt 1
H4 5507     Long breakout
H3 5497     Go Short
H2 5493
H1 5490
L1 5483
L2 5480
L3 5476     Long
L4 5466     Short Breakout
L5 5458     Trgt 1
L6 5449     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 29-07-2011

Nifty(Aug Fut)-Levels

R3 5565
R2 5545
R1 5521
Avg 5501
S1 5477
S2 5457
S3 5433

Nifty(Aug Fut)-Trading Strategy

H6 5542     Trgt 2
H5 5532     Trgt 1
H4 5522     Long breakout
H3 5510     Go Short
H2 5506
H1 5502
L1 5493
L2 5489
L3 5485     Long
L4 5473     Short Breakout
L5 5463     Trgt 1
L6 5453     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 29-07-2011

Bank Nifty(Aug Fut)-Levels

R3 11084
R2 11032
R1 10948
Avg 10896
S1 10812
S2 10760
S3 10676

Bank Nifty(Aug Fut)-Trading Strategy

H6 11000     Trgt 2
H5 10969     Trgt 1
H4 10938     Long breakout
H3 10901     Go Short
H2 10888
H1 10876
L1 10851
L2 10839
L3 10826     Long
L4 10789     Short Breakout
L5 10758     Trgt 1
L6 10727     Trgt 2

Pre-closing Outlook(28-07-2011)

Only 5497 was told for confirmation and Nify embraced this level whole day today with some intraday buying below it and selling near about it. Minor selling seen in last 2 hours between 5492-5506 therefore sustaining below of this range is possible now.

Firstly sustaining below 5492 and then sustaining below 5475 should be watched for down moves confirmations. As today negative zone market is result of depressed global cues therefore sustaining beyond today range(5475-5510) will be next moves confirmation.

Mid-session Outlook(28-07-2011)

First 2 hours technical positions are as follows:-

Selling formations between 5492-5500 
Buying formations between 5475-5485

Nifty is hovering around 5497. Both buying and selling between 25 points range of 5475-5500 and this range break out should be firstly watced for next moves confirmations. 

Market is at crucial support and trend decider 5497 therefore break out complete confirmation is must.

Post-open Outlook-2(28-07-2011)


Selling formations between 5492-5500 today and until Nifty will not move above 5500 till then any up move will not be considered and more down moves possibilities are high.

Post-open Outlook(28-07-2011)


Selling at higher levels today and it is confirmation of 5497 breaking down.

Pre-open Outlook(28-07-2011)

Technical Positions,today Outlook and next possibilities have already been explained in following topic yesterday therefore not being repeated today:-

Indian Markets Trend Deciding Level-5497

As it was expected that Global cues will be depressed today morning therefore importance of 5497 has already been updated in above topic yesterday. Crashing global markets and sentiment is completely dampened today morning therefore expected that Nifty will trade below 5500 and sustaining beyond 5497 will be next big trend confirmation.

Range bound markets betweeen 5178-5740 for the last 5 months and until Nifty is walking between this field till then targets should remain within it with stop loss beyond this area and all the supports and resistances at every point should be watched for next moves confirmations. 5497 is strong support and its breaking or saving will give confirmation to Long Term Trend.

As global cues are most bearish therefore Red closing after gap down opening and whole day negative zone trading is very much possible but coming sessions market will be decided according to next moves preparation near 5497. Let market prepare for next moves near 5497 then coming days market will be decided according to intraday charts formations and conslusions will be updated in Mid-session Outlooks. 

Indian Markets Trend Deciding Level-5497

Technical Analysis,Researches & Tomorrow Market Outlook(28-07-2011)

Nifty-Intra Day Chart(27-Jul-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between- 5568-5583
2- Buying between 5522-5532

Conclusions

Selling at higher levels and minor buying at lower level as well therefore range bound market between 5522-5584 today and if global sentiments remain quiet tomorrow morning then Nifty will trade within mentioned today trading range.

Nifty-EOD Chart(27-Jul-2011):-
Just click on chart for its enlarged view
Conclusions (After Putting All Studies Together)

Nifty has moved below 5600 therefore Indian markets are again in 5 months old range(5200-5600) and sustaining beyond 5522-5584 will decide that yesterday started correction is complete at today lower levels support or deeper correction possibility below today's lows. Levels have been explained and next supports are as follows:-

1- 5497-5530
2- 5250-5350

Sustaining beyond 5497 must be watched and sustaining below it will be deeper correction confirmation because;-

1- 5497-5530 is strong support and sustaining beyond 5497 will be stong support breaking down.
2- Nifty got support 2 times at 5497 in last 22 sessions and sustaining beyond 5497 will be stong support failure.
3- Nifty traded between 5497-5740 in last 22 sessions and sustaining beyond 5497 will be 22 sessions range breaking down.

Saving or breaking down of crucial support at 5497 will decide next trend. Sustaining below 5497 will be confirmation of all trends turning down and deeper correction. Sustaing above 5497 will be revival of bullish markets hopes.


Just watch sustaining beyond 5497 for next big move confirmations.

Indian Stock Markets Closing Reports(27-Jul-2011)


Main features of today trading are as follows

1- Last 12 sessions low(5497) saved and Nifty got support above it at 5522.
2- Most of the Indices got intraday support at lower levels.
3- Black Candle.


Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(27-Jul-2011): 20.09

Advances & Declines

BSE ADVANCES : 1314
BSE DECLINES : 1550
NSE ADVANCES : 584
NSE DECLINES : 831

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- +1890550(+33.17%)
Nifty- 5500 PE(Jul)- -1052350(-9.41%)

Nifty- 5600 CE(Jul)- +1892750(+21.38%)
Nifty- 5600 PE(Jul)- -982200(-13.17%)

Closing 

Nifty- closed at 5,546.80(-28.05 Points & -0.50%)
Sensex- closed at 18,432.25(-85.97 Points & -0.46% )
CNX MIDCAP - closed at 8,114.15(-5.15 Points & -0.06%)
BSE SMALL CAP- closed at 00.00(+2.43 Points & +0.03%)

Nifty Spot-Levels & Trading Strategy for28-07-2011

Nifty Spot-Levels

R3 5654
R2 5622
R1 5584
Avg 5552
S1 5514
S2 5482
S3 5444

Nifty Spot-Trading Strategy

H6 5616     Trgt 2
H5 5600     Trgt 1
H4 5584     Long breakout
H3 5565     Go Short
H2 5558
H1 5552
L1 5539
L2 5533
L3 5526     Long
L4 5507     Short Breakout
L5 5491     Trgt 1
L6 5475     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for28-07-2011

Nifty(Jul Fut)-Levels

R3 5654
R2 5621
R1 5584
Avg 5551
S1 5514
S2 5481
S3 5444

Nifty(Jul Fut)-Trading Strategy

H6 5617     Trgt 2
H5 5601     Trgt 1
H4 5585     Long breakout
H3 5566     Go Short
H2 5559
H1 5553
L1 5540
L2 5534
L3 5527     Long
L4 5508     Short Breakout
L5 5492     Trgt 1
L6 5476     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for28-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11277
R2 11202
R1 11109
Avg 11034
S1 10941
S2 10866
S3 10773

Bank Nifty(Jul Fut)-Trading Strategy

H6 11184     Trgt 2
H5 11146     Trgt 1
H4 11108     Long breakout
H3 11062     Go Short
H2 11046
H1 11031
L1 11000
L2 10985
L3 10969     Long
L4 10923     Short Breakout
L5 10885     Trgt 1
L6 10847     Trgt 2

Pre-closing Outlook(27-07-2011)

Indian markets traded negative most of the time and also expected to close in Red today but support seen at lower level between 5522-5532. Selling at higher levels and buying at lower levels today therefore expected that Nifty will once again trade between 5522-5584 tomorrow for shifting of positions to next derivative settlement.

As Nifty moved below 5600 therefore Indian markets are again in 5 months old range(5350-5600) and sustaining beyond 5522-5584 will decide that yesterday started correction is complete at today lower levels support or deeper correction below today's lows.

Mid-session Outlook-3(27-07-2011)


Intraday support seen between 5522-5532.

Mid-session Outlook-2(27-07-2011)


Nifty moved below 5557 therefore mentioned range is broken down  and more down moves confirmations.

Mid-session Outlook(27-07-2011)


Nifty is trading between 5557-3391 since opening and minor intraday support at lower levels and resistance at higher levels seen within this range. Nifty will trade range bound between this 5557-5606 in the coming hours. As mixed trading patterns seen between this range today and yesterday after credit policy therefore break out this range will form decisive very short term trend and should be watched first.

Pre-open Outlook(27-07-2011)

Technical Positions,today Outlook and next possibilities have already been explained in following topics yesterday therefore not being repeated today:-

1- RBI Credit Policy led Long Engulfing Bearish Candle reversed Technical Formations
2- Nifty-Micro Analysis of Intra Day Chart For 27-07-2011

Asian markets are mixed after US markets Red closing yesterday and US Futures is also flat today therefore Sentiment is quiet and Nifty will open and firstly trade between  last 4 hours range of yesterday(5560-5605). As trading patterns were mixed between mentioned range yesterday therefore Nifty will first trade between this range and prepare for next moves.

Let market final reaction come through mentioned range break out then next trend will get confirmation. Expected that Nifty will trade and hover around 5560-5605 after flat opening and its break out as well as sustaining beyond will be next moves confirmation.

RBI Credit Policy led Long Engulfing Bearish Candle reversed Technical Formations

Technical Analysis and Research & Market Outlook For 27-07-2011

Nifty-EOD Chart(26-Jul-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

Indian markets could not digest 50 basis points rise in key policy rates by RBI and crashed 55 points in 5 minutes after its announcement. Nifty closed 105 points down. Today Candle is Long Engulfing Bearish as well as it reversed all the following Technical Formations:-

1- Nifty traded and closed last 4 hours between previous 10 days trading range(5497-5654) on 26-07-2011.
2- Nifty traded and closed last 4 hours between 5 months range(5350-5600) on 26-07-2011.
3- Moved and closed below 3 crucial EMAs(8,21,200).
4- All trends turned sideways.
5- Daily MACD downward cross over.
6- Falling Trendline Broken down.
7- Pennant pattern again in existence.

Conclusions

Nifty traded last 10 days between 5497-5654 and today traded most of the time below 5600 after Credit policy announcement with mixed intraday patterns,as selling signals are also seen below 5600 therefore more down moves are possible because RBI Credit Policy gave big jolt to fundamentals also.

RBI Credit Policy generated fall reversed above mentioned 7 Bullish patterns and sustaining below 5600 will be confirmation of Indian markets again turning into 5 months old  range(5350-5600) bound market as well as its possibility is higher now.

Nifty-Micro Analysis of Intra Day Chart For 27-07-2011


Nifty-Intra Day Chart(26-Jul-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

Last 4 fours mixed patterns between- 5560-5605

Conclusions

Sharp fall after RBI Credit policy and Nifty traded last 4 hours between 5560-5605 with intraday mixed patterns. As Nifty traded most of the time below 5600 and selling signals are also seen therefore more down moves are possible because RBI Credit Policy gave big jolt to fundamentals today.

Nifty sustaining below 5600 will be confirmation of again turning into range bound mode between 5350-5600 and next moves confirmation range is sustaining beyond 5560-5605.

FII Trading Data in Derivatives Segment on 26-Jul-2011


FII & DII trading activity in Capital Market Segment on 26-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII26-Jul-20112479.172656.92-177.75


DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII26-Jul-20111387.821356.3331.49

Indian Stock Markets Closing Reports(26-Jul-2011)

Main features of today trading are as follows

1- Long Black Candle.
2- All the Indices closed in Red.
3- Sharp fall after RBI credit policy.

Ratios

Nifty Put Call Ratio: 0.97
Nifty P/E Ratio(26-Jul-2011): 20.22

Advances & Declines

BSE ADVANCES : 955
BSE DECLINES : 1961
NSE ADVANCES : 361
NSE DECLINES : 1062

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- +2686700(+82.95%)
Nifty- 5500 PE(Jul)- -206700(-1.80%)

Nifty- 5600 CE(Jul)- +3196750(+55.26%)
Nifty- 5600 PE(Jul)- -2789000(-26.00%)

Nifty- 5700 CE(Jul)- +1914300(+21.05%)
Nifty- 5700 PE(Jul)- -3617450(-42.92%)

Closing 

Nifty- closed at 5,574.85(-105.45 Points & -1.86%)
Sensex- closed at 18,518.22(-353.07 Points & -1.87% )
CNX MIDCAP - closed at 8,119.30(-95.60 Points & -1.16%)
BSE SMALL CAP- closed at 8,437.68(-67.74 Points & -0.80%)

Nifty Spot-Levels & Trading Strategy for 27-07-2011

Nifty Spot-Levels

R3 5822
R2 5765
R1 5669
Avg 5612
S1 5516
S2 5459
S3 5363

Nifty Spot-Trading Strategy

H6 5727     Trgt 2
H5 5692     Trgt 1
H4 5658     Long breakout
H3 5616     Go Short
H2 5602
H1 5588
L1 5559
L2 5545
L3 5531     Long
L4 5489     Short Breakout
L5 5455     Trgt 1
L6 5420     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 27-07-2011

Nifty(Jul Fut)-Levels

R3 5806
R2 5754
R1 5664
Avg 5612
S1 5522
S2 5470
S3 5380

Nifty(Jul Fut)-Trading Strategy

H6 5716     Trgt 2
H5 5684     Trgt 1
H4 5652     Long breakout
H3 5613     Go Short
H2 5600
H1 5587
L1 5560
L2 5547
L3 5534     Long
L4 5495     Short Breakout
L5 5463     Trgt 1
L6 5431     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 27-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11722
R2 11578
R1 11344
Avg 11200
S1 10966
S2 10822
S3 10588

Bank Nifty(Jul Fut)-Trading Strategy

H6 11489     Trgt 2
H5 11403     Trgt 1
H4 11317     Long breakout
H3 11213     Go Short
H2 11179
H1 11144
L1 11075
L2 11040
L3 11006     Long
L4 10902     Short Breakout
L5 10816     Trgt 1
L6 10730     Trgt 2

Pre-closing Outlook(26-07-2011)


RBI 440 Volts interest rates shock to Indian markets and its impact will be decided through sustaining beyond 5600. Nifty traded most on the time below 5600 after Credit policy announcement and also closing below but if Nifty sustains below 5600 tomorrow again then Indian markets will enter into range bound mode between 5350-5600.

Just watch sustaining beyond 5600 tomorrow for nrxt moves confirmations. 

RBI raises key policy rates by 50 bps

Mid-session Outlook(26-07-2011)

The Reserve Bank of India (RBI) on Tuesday raised repo rate by 50 basis points to 8 per cent and reverse repo to 7 per cent in its policy meet to arrest rising inflation.

This step is big jolt to Indian industry and stock markets therefore sharp fall was seen. Although such huge fall was unexpected but minor fall was seen and following precautionary lines were precautionary lines were posted at 08:07:00 AM today:-

"sentiment is heated therefore voltality after minor profit booking may be seen. As markets have to trade between resistances therefore fresh consolidation is must and long positions should be created after intraday consolidations"

RBI today step is problemsome for fundamentals and firstly sustaining beyond 5600 should be watched for next moves first indication.

Bullish markets 8 confirmations in Charts on 25-07-2011

Technical Analysis and Research For 26-07-2011

Nifty-EOD Chart(25-Jul-2011):-
Just click on chart for its enlarged view
8 Bullish patterns in charts are as follows

1- 10 Days trading range(5497-5654) broken out confirmation on 25-07-2011.
2- 5 months range(5350-5600) broken out confirmations on 25-07-2011.
3- Sustaining above all crucial EMAs(8,21,55,200) confirmation.
4- All trends turning up confirmation.
5- Daily MACD upward cross over.
6- Weekly MACD upward cross over
7  Falling Trendline Break Out.
8- Pennant Break out.

Next resistances are as follows

1- 5675-5699(Last one hour mixed intraday patterns and today follow up buying/selling will decide next immediate moves)
2- 5700-5740(Resistance and consolidation requires for crossing 5740)

Conclusions

Yesterday rally gave Bullish markets beginning confirmations and should be expected that market will consolidate near about above mentioned resistances as well as cross 5740 in the coming sessions.

Asian markets are little positive today morning therefore firstly range bound market expected between 5665-5700. RBI credit policy today and its announcements may also show decisive direction to Indian markets but voltality possibility can not be ruled out.

Positive closing is expected after consolidations between 5665-5700 but sentiment is heated therefore voltality after minor profit booking may be seen. As markets have to trade between resistances therefore fresh consolidation is must and long positions should be created after intraday consolidations.

Nifty-Micro Analysis of Intra Day Chart For 26-07-2011


Nifty-Intra Day Chart(25-Jul-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Consolidation between 5618-5650
2- Mixed patterns between 5675-5699

Conclusions

Most of the time intraday consolidation but last one hour mixed patterns between 5675-5699 just below resistance range. Today rally gave many bullish markets confirmations therefore expected that Nifty will consolidate around next resistance of 5700-5740 and finally cross 5740 in the coming sessions.

FII Trading Data in Derivatives Segment on 25-Jul-2011


FII & DII trading activity in Capital Market Segment on 25-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII25-Jul-20112608.842293.12315.72


DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII25-Jul-20111511.751287.5224.25

Indian Stock Markets Closing Reports(25-Jul-2011)


Main features of today trading are as follows

1- Long White Candle.
2- Rally despite whole day negative global cues.
3- All the Indices closed in Green except FMCG.

Ratios

Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(25-Jul-2011): 20.71

Advances & Declines

BSE ADVANCES : 1609
BSE DECLINES : 1292
NSE ADVANCES : 836
NSE DECLINES : 589

Nifty Open Interest Changed Today

Nifty- 5600 CE(Jul)- -275650(-4.35%)
Nifty- 5600 PE(Jul)- +1996900(+22.48%)

Nifty- 5700 CE(Jul)- +798950(+9.12%)
Nifty- 5700 PE(Jul)- +3375950(+64.24%)

Closing 

Nifty- closed at 5,680.30(+46.35 Points & +0.82%)
Sensex- closed at 18,871.29(+148.99 Points & +0.80% )
CNX MIDCAP - closed at 8,214.90(+61.00 Points & +0.75%)
BSE SMALL CAP- closed at 8,505.42(+41.93 Points & +0.50%)

Nifty Spot-Levels & Trading Strategy for 26-07-2011

Nifty Spot-Levels

R3 5798
R2 5749
R1 5714
Avg 5665
S1 5630
S2 5581
S3 5546

Nifty Spot-Trading Strategy

H6 5764     Trgt 2
H5 5745     Trgt 1
H4 5726     Long breakout
H3 5703     Go Short
H2 5695
H1 5687
L1 5672
L2 5664
L3 5656     Long
L4 5633     Short Breakout
L5 5614     Trgt 1
L6 5595     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 26-07-2011

Nifty(Jul Fut)-Levels

R3 5820
R2 5764
R1 5727
Avg 5671
S1 5634
S2 5578
S3 5541

Nifty(Jul Fut)-Trading Strategy

H6 5784     Trgt 2
H5 5762     Trgt 1
H4 5741     Long breakout
H3 5715     Go Short
H2 5707
H1 5698
L1 5681
L2 5672
L3 5664     Long
L4 5638     Short Breakout
L5 5617     Trgt 1
L6 5595     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 26-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11687
R2 11566
R1 11482
Avg 11361
S1 11277
S2 11156
S3 11072

Bank Nifty(Jul Fut)-Trading Strategy

H6 11606     Trgt 2
H5 11559     Trgt 1
H4 11511     Long breakout
H3 11455     Go Short
H2 11436
H1 11417
L1 11380
L2 11361
L3 11342     Long
L4 11286     Short Breakout
L5 11238     Trgt 1
L6 11191     Trgt 2

Pre-closing Outlook(25-07-2011)

Up moves possibility was told in all the out looks which were updated for today trading and same was seen today despite deep Red US Futures and Asian markets. Nifty tested 5700 today and next resistance range is 5700-5740.

Firstly Indian markets out performed global crashing cues today morning and then gave confirmation of last 10 days range upward break out and sustained above 200 Days EMA therefore all trends are up.

Rally is on but market requires some more consolidation to cross resistance range of 5700-5740.Expected that Nifty will finally move above 5740 after more consolidation in the coming sessions.

Mid-session Outlook(25-07-2011)

As last 4 hours intraday buying was seen on 22-07-2011 therefore up moves possibility was told in all the outlooks and NIfty moved up also today to 5651.85 despite Dow's Futures is more than 130 points down and all the Asian trading in markets deep Red.

Resistance seen at higher levels between 5640-5650 therefore short covering possibility between this range can not be ruled out and next up moves will be considered above 5650. Next expected trading range is 5600-5640 and sustainiing beyond this range will be next very short term move confirmations.

It has to be specify that Indian markets are outperforming all the global markets but will be the best to get confirmation through sustaining beyond 5600-5650.

Pre-open Outlook(25-07-2011)


Dow's Futures is more than 100 points down and in reaction all the Asian markets are trading in Red today morning therefore weak opening will be seen in Indian markets. I told many times earlier and again repeating today that flood of contradicting global cues and violent voltality in European and US markets therefore big uncertainity and most cautious approach is required.

5600 is most crucial point and Nifty is hovering it around for the last 10 sessions. Nifty traded 4 hours above it between 5606-5636 last Friday therefore sustaining beyond this range will be first strong indication of next move. As consolidation seen between mentioned range therefore finally sustaining above 5636 is expected but deep debt crisis in USA and global uncertainity therefore next trend confirmation is must through sustaining beyond 5606-5636.

Trend Deciding 5 Levels

Technical Analysis and Research For 25-07-2011

Nifty-EOD Chart(22-Jul-2011):-
Just click on chart for its enlarged view
5 Crucial Levels

1- 5200- 2 Times Panic bottom support
2- 5350- Strong support
3- 5600- Most crucial and all the trends deciding level
4- 5740- Minor resistance
5- 5900- Strong resistance

Conclusions

Nifty traded most of the time between 5350-5600 in last 8 months and 5600 is the most crucial point because all the important EMAs(8,21,55,200) are near this point and it produces resistance many times in last 8 months.

Nifty is hovering around 5600 for the last 10 sessions and finally sustaining beyond this 5600 will be next move strong confirmation. As consolidation seen near 5600 therefore expected that Nifty will finally sustain above 5600 and fresh rally will be seen.

Nifty-Micro Analysis of 10 days Intra Day Chart(Ju1 11 to Jul 22,2011)

Nifty-Intra Day Chart(Ju1 11 to Jul 22,2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 10 sessions intraday charts

1- Last 10 days trading range 5497-5653 and closing is at 5634 on 22-07-2011
2- Consolidation between 5505-5581 in last 10 sessions.
3- Last 4 hours intraday consolidations between 5606-5636 but little selling at higher levels on 22-07-2011.

Conclusions

As 4 hours consolidation patterns at the top of last 10 sessions range and also closing near the top of last 10 days therefore posssibility of fresh rally turned higher last Friday and confirmation is sustaining above 5636.