ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥


Trading "calls" from our "Software" with more than "90% accuracy"

More than "12 years" old "only site of whole world" 
with more than "9700 accurate Outlooks" of 
"Indian Stock Markets" 

Pre-Closing Outlook(03-08-2012)

We always try to post only realistic views and telling only for getting confirmations through forceful break out or sustaining beyond 5200-5250 and Nifty is closing between this range for the last 3 sessions. When US and European markets were trading in deep Red yesterday then also we told following lines at 07:27:00 PM yesterday:-

Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still aliveFinally  forceful break out or sustaining beyond 5200-5250 will be next trend confirmation and should be firstly watched.

As Indian markets got good support at lower levels and today intraday charts are showing consolidation formations also therefore finally sustaining above 5250 possibility has increased today despite Red closing after whole day negative zone trading today.

Mid-session Outlook-2(03-08-2012)

As Indian markets consolidated also at lower levels in last 2 sessions therefore we did not posted Bearish views despite ECB negative news led crashing Global markets today. We told only for getting confirmations through sustaining beyond 5200-5250 and Nifty did not sustained below 5200 and now trading at 5207 despite most depressing news.

As intraday supports today above Long Term Trend deciders 200-Day SMA(today at 5106) and 200-Day EMA(today at 5163) therefore Long Term Trend survival hopes are alive and final confirmation is expected in next week.

Mid-session Outlook(03-08-2012)

Whole day negative zone trading after gap down opening but lower levels support also seen between 5165-5175 amid depressing global sentiments. As intraday supports today above Long Term Trend deciders 200-Day SMA(today at 5106) and 200-Day EMA(today at 5163) therefore Long Term Trend survival hopes are alive.

As both buying and selling seen between 5200-5250 in last 2 sessions therefore finally sustaining it beyond will be next trend confirmations. It will happen in next week and resultant big up or down moves will be seen according to Long Term Trend confirmation.

Global Stock Markets crash after European Central Bank president Mario Draghi's failure

Firstly European Stock markets crashed immediately after European Central Bank president Mario Draghi's failure to announce concrete plans to help solve Europe's debt crisis. All the Asian Stock markets in deep Red today after U.S. stocks also ended in Red yesterday.

Investors had hoped that Draghi would announce some form of new action after his promise last week that ECB would do "whatever it takes" to preserve the euro and all the Global stock markets showed good rally also after his positive announcement but investors were disappointed by European Central Bank president.

In absence of an explicit commitment, borrowing costs in Spain and Italy moved higher yesterday. Spain's 10-year yield rose back above 7%, while Italy's 10-year yield moved above 6%.

Indian markets Outlook after Mario Draghi's failure

Weak opening is confirm after dampned Global sentiments. As Nifty traded between 5210-5246 with both lower levels consolidations and higher levels selling therefore sustaining below 5210 should be firstly watched amid most depressed sentiments today morning. Today intraday moves will be the impact of weak sentiments also therefore firstly today intraday charts patterns formations should be watched because both following possibilities are alive:-

1- Fresh selling after disappointing sentiments or 
2- Lower levels again consolidations after last 2 sessions. 

Next Monday markets will be free from depressing mood and next trend final confirmation will be sustaining beyond 5200-5250.

Firstly watch next trend decider 5200-5250

Technical Analysis,Researches & Market Outlook
(03-08-2012)

Nifty-Intra Day Chart (Aug 01 & Aug 02,2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts

1- Consolidation between 5213-5226 on 01-08-2012
2- Selling between 5238-5246 on 01-08-2012
3- Consolidation between 5210-5224 on 02-08-2012
4- Two sessions trading between 5210-5246

Conclusions from 2 Sessions intra day chart analysis 

Completely narrow range trading within 36 points and between most crucial resistance range(5200-5250) with both lower levels consolidations and higher levels selling. Although Nifty is trading above long term trend decider 200-Day SMA and 200-Day EMA for the last 4 sessions but sustaining above confirmation is required yet.

As both buying and selling patterns are seen in last 2 sessions therefore it will be understood that technically Indian markets are not prepared for any side decisive moves and if sentiment does not remain boiling then Nifty will firstly trade and prepare for next trend within mentioned resistance range(5200-5250).

Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still alive. Finally  forceful break out or sustaining beyond 5200-5250 will be next trend confirmation and should be firstly watched.

Indian Stock Markets Closing Reports(02-Aug-2012)

Main features of today trading are as follows

1- SENSEX and NIFTY closed in Red with minor loss.
2- Midcap and SMLcap closed in Green.
3- Bullish Hammer Candle formation.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(02-Aug-2012): 17.07

Advances & Declines

BSE Advances : 1495
BSE Declines : 1178
NSE Advances :  788
NSE Declines :  624

Nifty Open Interest Changed Today

Nifty- 5000 CE(Aug)- -21,650(-1.2%)
Nifty- 5000 PE(Aug)- 954,600(11.27%)

Nifty- 5100 CE(Aug)- -154,800(-6.4%)
Nifty- 5100 PE(Aug)-   24,150(0.39%)

Nifty- 5200 CE(Aug)- 285,250(7.33%)
Nifty- 5200 PE(Aug)- 244,250(5.16%)

Nifty- 5300 CE(Aug)- 383,650(9.28%)
Nifty- 5300 PE(Aug)- -42,300(-1.88%)

Closing 

Nifty- closed at 5,227.75(-12.75 Points & -0.24%)
Sensex- closed at 17,224.36(-33.02 Points & -0.19% )
CNX Midcap - closed at 7,255.90(24.80 Points & 0.34%)
BSE SMLcap- closed at 6,550.79(30.49 Points & 0.47%)

Nifty Spot-Levels & Trading Strategy for 03-08-2012

Nifty Spot-Levels

R3 5266
R2 5251
R1 5239
Avg 5224
S1 5212
S2 5197
S3 5185

Nifty Spot-Trading Strategy

H6 5254     Trgt 2
H5 5247     Trgt 1
H4 5241     Long breakout
H3 5234     Go Short
H2 5231
H1 5229
L1 5224
L2 5222
L3 5219     Long
L4 5212     Short Breakout
L5 5206     Trgt 1
L6 5199     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 03-08-2012

Nifty(Aug Fut)-Levels

R3 5288
R2 5270
R1 5258
Avg 5240
S1 5228
S2 5210
S3 5198

Nifty(Aug Fut)-Trading Strategy

H6 5276     Trgt 2
H5 5269     Trgt 1
H4 5262     Long breakout
H3 5254     Go Short
H2 5251
H1 5248
L1 5243
L2 5240
L3 5237     Long
L4 5229     Short Breakout
L5 5222     Trgt 1
L6 5215     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 03-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10588
R2 10525
R1 10476
Avg 10413
S1 10364
S2 10301
S3 10252

Bank Nifty(Aug Fut)-Trading Strategy

H6 10540     Trgt 2
H5 10515     Trgt 1
H4 10489     Long breakout
H3 10458     Go Short
H2 10448
H1 10438
L1 10417
L2 10407
L3 10397     Long
L4 10366     Short Breakout
L5 10340     Trgt 1
L6 10315     Trgt 2

Pre-Closing Outlook(02-08-2012)


Following topic was posted yesterday for today trading:-

Firstly watch 5200-5250 for Long Term Trend Fate

Nifty traded whole day today within above mentioned range between 5209.95-5236.90.As today intraday patterns are showing consolidations patterns therefore finally trading above 5250 possibilities turned higher despite whole day negative zone trading today.

Mid-session Outlook(02-08-2012)

Following lines were today yesterday which proved 100% accurate today:-

"Whole day narrow range trading within 33 points but both consolidations and distribution patterns therefore more preparations is required for next decisive moves near about today trading range"

Nifty traded Whole day between 5213-5246 yesterday and today first 4 hours trading range is 5210- 5236.

Nifty is preparing for next decisive moves within 5200-5250 with both higher levels selling as well as lower levels buying seen within this range. Nifty is trading above long term trend decider 200-Day SMA and 200-Day EMA and all trends turning up confirmation is required through forceful break out or sustaining above 5250 for next up moves confirmations.

As lower levels sopports today therefore upward break out above 5250 possibilities are very much alive despite whole day negative zone trading today but firstly watch forceful break out or sustaining beyond 5200-5250 also for next trend confirmations.

Post-open Outlook(02-08-2012)


As soon as selling developed yesterday then it was immediately updated in following lines yesterday at 01:54:00 PM in Mid-session Outlook:-

"selling signals emerging in last one hour intraday charts therefore view turned cautious and firstly previous resistance range(5200-5250) break out should be watched for next moves confirmations."

In all 3 previous outlooks selling at higher levels was told and showed in intraday charts also. Result is clear that Indian markets are in Red and slipped from yesterday higher levels. 

View is same and next trend confirmation will be after forceful break out or sustaining beyond resistance range(5200-5250).

Firstly watch 5200-5250 for Long Term Trend Fate

Nifty-Micro Analysis of Intra Day Chart For 
02-08-2012
Nifty-Intra Day Chart (01-Aug-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Consolidation between 5213-5226
2- Selling between 5238-5246
3- Whole day trading between 5213-5246

Conclusions from intra day chart analysis 

Whole day narrow range trading within 33 points but both consolidations and distribution patterns therefore more preparations is required for next decisive moves near about today trading range.

Nifty is trading above long term trend decider 200-Day SMA and 200-Day EMA but selling patterns also seen within resistance range(5200-5250) today therefore all trends turning up confirmation is required through forceful break out or sustaining above 5250 for next up moves confirmations.

Firstly watch sustaining beyond 5200-5250 tomorrow for next trend confirmations because it will give confirmations to Long Term Trend fate.

FII Trading Data in Derivatives Segment on 01-Aug-2012


FII & DII trading activity in Capital Market Segment on 01-Aug-2012



FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII01-Aug-20122014.831573.38441.45

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII01-Aug-2012813.64986.61-172.97

Indian Stock Markets Closing Reports(01-Aug-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Small White Candle.
3- Whole day narrow range moves.

Ratios

Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(01-Aug-2012): 17.13

Advances & Declines

BSE Advances : 1687
BSE Declines : 1150
NSE Advances :  945
NSE Declines :  489

Nifty Open Interest Changed Today

Nifty- 5000 CE(Aug)- -12,450 (-0.69%)
Nifty- 5000 PE(Aug)- 304,450 (3.71%)

Nifty- 5100 CE(Aug)- -287,700(-10.57%)
Nifty- 5100 PE(Aug)- 526,500(9.28%)

Nifty- 5200 CE(Aug)- -121,750(-2.95%)
Nifty- 5200 PE(Aug)- 1,146,600(30.31%)

Nifty- 5300 CE(Aug)- 114,400(2.76%)
Nifty- 5300 PE(Aug)- 249,450(12.21%)

Closing 

Nifty- closed at 5,240.50(11.50 Points & 0.22%)
Sensex- closed at 17,257.38(21.20 Points & 0.12% )
CNX Midcap - closed at 7,231.10(62.60 Points & 0.87%)
BSE SMLcap- closed at 6,520.30(72.41 Points & 1.12%)

Nifty Spot-Levels & Trading Strategy for 02-08-2012

Nifty Spot-Levels

R3 5287
R2 5266
R1 5253
Avg 5232
S1 5219
S2 5198
S3 5185

Nifty Spot-Trading Strategy

H6 5274     Trgt 2
H5 5266     Trgt 1
H4 5258     Long breakout
H3 5249     Go Short
H2 5246
H1 5243
L1 5236
L2 5233
L3 5230     Long
L4 5221     Short Breakout
L5 5213     Trgt 1
L6 5205     Trgt 2

Nifty Spot-Levels & Trading Strategy for 02-08-2012

Nifty Spot-Levels

R3 5287
R2 5266
R1 5253
Avg 5232
S1 5219
S2 5198
S3 5185

Nifty Spot-Trading Strategy

H6 5274     Trgt 2
H5 5266     Trgt 1
H4 5258     Long breakout
H3 5249     Go Short
H2 5246
H1 5243
L1 5236
L2 5233
L3 5230     Long
L4 5221     Short Breakout
L5 5213     Trgt 1
L6 5205     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 02-08-2012

Nifty(Aug Fut)-Levels

R3 5308
R2 5287
R1 5271
Avg 5250
S1 5234
S2 5213
S3 5197

Nifty(Aug Fut)-Trading Strategy

H6 5293     Trgt 2
H5 5284     Trgt 1
H4 5276     Long breakout
H3 5266     Go Short
H2 5262
H1 5259
L1 5252
L2 5249
L3 5245     Long
L4 5235     Short Breakout
L5 5227     Trgt 1
L6 5218     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 02-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10654
R2 10581
R1 10523
Avg 10450
S1 10392
S2 10319
S3 10261

Bank Nifty(Aug Fut)-Trading Strategy

H6 10597     Trgt 2
H5 10567     Trgt 1
H4 10537     Long breakout
H3 10501     Go Short
H2 10489
H1 10477
L1 10452
L2 10440
L3 10428     Long
L4 10392     Short Breakout
L5 10362     Trgt 1
L6 10332     Trgt 2

Pre-Closing Outlook(01-08-2012)

Narrow range whole day trading between 5213-5246 with lower levels minor supports and higher levels selling also therefore firstly break out of this range should be watched. As today trading range is within previous resistance range(5200-5250) therefore finally forceful break out or sustaining beyond mentioned resistance range will decide next trend.

Mid-session Outlook(01-08-2012)

Although Nifty is trading near the highs of today(at 5241) at this moment but selling signals emerging in last one hour intraday charts therefore view turned cautious and firstly previous resistance range(5200-5250) break out should be watched for next moves confirmations.

Post-open Outlook(01-08-2012)

As mixed intra day trading patterns were seen within 5204-5234 yesterday therefore following line was told today in Rally Continuation after correction Completion:-

"Nifty will firstly trade within yesterday Mixed Patterns range(5205-5234)"

Although Indian markets slipped from higher levels today but intraday patterns are showing consolidation signals and expected that finally on going rally will remain continued after follow up consolidations.

Rally Continuation after correction Completion

Nifty-EOD Chart (31-Jul-2012):-
Just click on chart for its enlarged view
Conclusions from EOD chart analysis 

Wave-3 is on after correction completion at 5032.40 on 26-07-2012. For detailed analysis of correction nature fust click following topic link and understand:-

Rally after correction completion above 5161

Nifty-Intra Day Chart (31-Jul-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Support between 5155-5186
2- Mixed Patterns between 5204-5234
3- Whole day trading between 5155-5234

Conclusions from intra day chart analysis 

Closing near intraday higher levels after good support at lower levels but last more than 1 hour trading with mixed patterns therefore consolidation is firstly required for moves above yesterday highs.

As whole day intraday chart pattern is showing consolidation formations therefore finally rally continuation is expected.

Conclusions (After Putting All Studies Together)

Rally is on after 'ABC' correction completion as well as getting supports at 200-Day SMA and 200-Day EMA. As yesterday intraday charts are also showing consolidation formation therefore no hurdle and on going rally continuation is expected but more consolidation is required because last hour mixed intraday patterns yesterday and at present trading within resistance range of 5200-5250.

Pre-open Outlook(01-08-2012)

All the Asian markets are in Red except SSEC after negative closing in US markets therefore sentiment is dampened today morning. As US and European markets intraday charts of yesterday  are showing selling formations therefore weakness is expected in US and European markets today and sentiment may remain depressed tomorrow also.

Expected that Nifty will firstly trade within yesterday Mixed Patterns range(5205-5234) and finally on going rally will remain continued after follow up consolidations in the coming sessions.  

Indian Stock Markets Closing Reports(31-07-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- White Candle.
3- Closing near higher levels after lower levels supports.

Ratios

Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(31-07-2012): 17.09

Advances & Declines

BSE Advances : 1384
BSE Declines : 1342
NSE Advances :  741
NSE Declines :  658

Nifty Open Interest Changed Today

Nifty- 5000 CE(Aug)- -47050(-2.53%)
Nifty- 5000 PE(Aug)- -200900(-2.39%)

Nifty- 5100 CE(Aug)- -65500(-2.35%)
Nifty- 5100 PE(Aug)- 395250(7.49%)

Nifty- 5200 CE(Aug)- 220550(5.65%)
Nifty- 5200 PE(Aug)- 696400(22.56%)

Nifty- 5300 CE(Aug)- 220400(5.61%)
Nifty- 5300 PE(Aug)- 191650(10.35%)

Closing 

Nifty- closed at 5,229.00(29.20 Points & 0.56%)
Sensex- closed at 17,236.18(92.50 Points & 0.54% )
CNX Midcap - closed at 7,168.50(28.45 Points & 0.40%)
BSE SMLcap- closed at 6,447.89(8.10 Points & 0.13%)

FII & DII trading activity in Capital Market Segment on 31-Jul-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII31-Jul-20122940.752060.79879.96

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII31-Jul-2012827.811321.29-493.48

Nifty Spot-Levels & Trading Strategy for 01-08-2012

Nifty Spot-Levels

R3 5337
R2 5285
R1 5257
PIVOT 5205
S1 5177
S2 5125
S3 5097

Nifty Spot-Trading Strategy

H6 5310     Trgt 2
H5 5291     Trgt 1
H4 5273     Long breakout
H3 5251     Go Short
H2 5243
H1 5236
L1 5221
L2 5214
L3 5207     Long
L4 5185     Short Breakout
L5 5166     Trgt 1
L6 5147     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2012

Nifty(Aug Fut)-Levels

R3 5347
R2 5297
R1 5268
PIVOT 5218
S1 5189
S2 5139
S3 5110

Nifty(Aug Fut)-Trading Strategy

H6  5320    Trgt 2
H5  5301    Trgt 1
H4  5283    Long breakout
H3  5261    Go Short
H2  5254
H1  5247
L1  5232
L2  5225
L3  5218    Long
L4  5196    Short Breakout
L5  5178    Trgt 1
L6  5159    Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10761
R2 10637
R1 10536
PIVOT 10412
S1 10311
S2 10187
S3 10086

Bank Nifty(Aug Fut)-Trading Strategy

H6  10663    Trgt 2
H5  10610    Trgt 1
H4  10558    Long breakout
H3  10496    Go Short
H2  10476
H1  10455
L1  10414
L2  10393
L3  10373    Long
L4  10311    Short Breakout
L5  10259    Trgt 1
L6  10206    Trgt 2

Pre-Closing Outlook(31-07-2012)

As intraday consolidations patterns today threfore expected that on going rally will remain continued in the coming sessions after some more consolidations within resistance range(5200-5250).

Mid-session Outlook-2(31-07-2012)

When no good news from RBI Credit Policy and Indian markets were trading at the lower levels of the day then following line was told in Mid-session Outlook at 12:12 PM today:-

Let on going correction complete then fresh up moves will be seen.

Indian markets moved up according to our expectations and new intraday high formed at 5221.25. Intraday supports at lower levels today and now trading between resistance range(5200-5250) but expected that rally will remain continued after follow up consolidations.

Mid-session Outlook(31-07-2012)

When Indian markets were trading near the top of the day then within first 6 minutes we cautioned and told following words:-

Positive opening but not strong

we were not expecting any up move today therefore we updated following topic yesterday:-

Rally continuation after 1/2 Sessions Consolidations

It is consolidation day today and market is correcting yesterday good up moves. Let on going correction complete then fresh up moves will be seen.

Post-open Outlook(31-07-2012)

Positive opening but not strong and firstly sustaining beyond 5200 should be watched for next moves confirmations.

RBI Credit Policy today and volatility can not be ruled out. Nifty is trading between resistance range(5200-5250) and complete consolidation is required for decisive up moves above 5250.

Rally continuation after 1/2 Sessions Consolidations

Technical Analysis and Research For 31-07-2012

Nifty-Intra Day Chart (30-Jul-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Consolidation between 5149-5159 
2- Consolidation between 5171-5184
3- Long White Marubozu Candle formation
4- Whole day trading between 5138-5205

Conclusions from intra day chart analysis 

Trend reversal confirmation through forceful break out today after 'ABC' correction completion and getting support at 200-Day SMA/200-Day EMA. 

Above line has not been told after strong up moves today but when Indian markets were trading at lower levels between 5149-5159 then following line was told today at 11:15:00 AM in Mid-session Outlook(30-07-2012):- 

"As intraday patterns are showing buying signals therefore break out above 5161 possibilities are turning higher now"

Very short term indicators are overbought today and sentiment is heated as well as resistances between 5200-5258 also therefore Indian markets may be range bound in the coming 1/2 sessions but expected that finally on going rally will remain continued after fresh consolidations.

Just click following Topic link for understanding EOD Chart analysis also:-

Indian Stock Markets Closing Reports(30-Jul-2012)

Main features of today trading are as follows

1- Green closing
2- White Candle.
3- All the Indices closed in Green.

Ratios

Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(30-Jul-2012): 17.00

Advances & Declines

BSE Advances : 1604
BSE Declines : 1164
NSE Advances :  952
NSE Declines :  494

Nifty Open Interest Changed Today

Nifty- 5000 CE(Aug)- -74800(-3.87%)
Nifty- 5000 PE(Aug)- 216700(2.65%)

Nifty- 5100 CE(Aug)- -250500(-8.24%)
Nifty- 5100 PE(Aug)-  653750(14.14%)

Nifty- 5200 CE(Aug)- -55700(-1.36%)
Nifty- 5200 PE(Aug)- 1089250(53.01%)

Nifty- 5300 CE(Aug)- -76500(-1.91%)
Nifty- 5300 PE(Aug)-  169750(10.09%)

Closing 

Nifty- closed at 5,199.80(99.95 Points & 1.96%)
Sensex- closed at 17,143.68(304.49 Points & 1.81%) )
CNX Midcap - closed at 7,140.05(116.30 Points & 1.66%)
BSE SMLcap- closed at 6,439.79(60 82 Points & 1.29%)

FII Trading Data in Derivatives Segment on 30-Jul-2012


FII & DII trading activity in Capital Market Segment on 30-Jul-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII30-Jul-20122446.41517.45928.95

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII30-Jul-2012882.491116.21-233.72

Nifty Spot-Levels & Trading Strategy for 31-07-2012

Nifty Spot-Levels

R3 5304
R2 5255
R1 5227
PIVOT 5178
S1 5150
S2 5101
S3 5073

Nifty Spot-Trading Strategy

H6 5277     Trgt 2
H5 5259     Trgt 1
H4 5241     Long breakout
H3 5220     Go Short
H2 5213
H1 5206
L1 5191
L2 5184
L3 5177     Long
L4 5156     Short Breakout
L5 5138     Trgt 1
L6 5120     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 31-07-2012

Nifty(Aug Fut)-Levels

R3 5345
R2 5284
R1 5250
PIVOT 5189
S1 5155
S2 5094
S3 5060

Nifty(Aug Fut)-Trading Strategy

H6 5312     Trgt 2
H5 5290     Trgt 1
H4 5268     Long breakout
H3 5242     Go Short
H2 5233
H1 5224
L1 5207
L2 5198
L3 5189     Long
L4 5163     Short Breakout
L5 5141     Trgt 1
L6 5119     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 31-07-2012

Bank Nifty(Aug Fut)-Levels

R3 10776
R2 10631
R1 10551
PIVOT 10406
S1 10326
S2 10181
S3 10101

Bank Nifty(Aug Fut)-Trading Strategy

H6 10701     Trgt 2
H5 10648     Trgt 1
H4 10595     Long breakout
H3 10533     Go Short
H2 10513
H1 10492
L1 10451
L2 10430
L3 10410     Long
L4 10348     Short Breakout
L5 10295     Trgt 1
L6 10242     Trgt 2

Pre-Closing Outlook(30-07-2012)

As consolidation patterns formations and buying signals generstion in intraday charts therefore possibility of moving above 5161 was told in all the 3 previous Outlooks today and Nifty is trading above 5161 for the last 2 hours.

Technically Indian markets are well prepared for a strong rally after 'ABC' correction completion as well as getting support at 200-Day SMA.

Mid-session Outlook-2(30-07-2012)

As most time trading between 5149-5159 with intraday consolidation patterns in last 3 hours today therefore break out above 5161 possibilities are turning higher also but confirmation is must through sustaining above 5161(200-Day EMA) because it will be confirmation of Long Term trend survival also.

Mid-session Outlook(30-07-2012)


Following line was told in Rally after correction completion above 5161 today:-

"firstly watch sustaining beyond 5149 and 5161 today"

Nifty traded most time between above mentioned range 5149-5159 today and firstly watch mentioned range.

As intraday patterns are showing buying signals therefore break out above 5161 possibilities are turning higher now.

Rally after correction completion above 5161

Technical Analysis and Research For 
30-07-2012

Nifty-EOD Chart (27-Jul-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- 578 Points Rally.
2- 14 Sessions 'ABC' Correction.
3- 5 sessions hovering around 200 200-Day SMA and 200-Day EMA.
4- 200-Day SMA at 5103
5- 200-Day EMA at 5161

Conclusions from EOD chart analysis 

Intermediate and Short Term Trends are down and Long term trend is at stake because Nifty is hovering around its decider 200 200-Day SMA and 200-Day EMA.

Nifty-Micro Analysis of Intra Day Chart For 
30-07-2012

Nifty-Intra Day Chart (27-Jul-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Support between 5079-5105
2- Selling between 5137-5149
3- Whole day trading between 5079-5149

Conclusions from intra day chart analysis 

As both intraday buying and selling patterns therefore Next moves confirmations will be sustaining beyond whole day trading range(5079-5149) and should be firstly watched today for next moves confirmations.

Conclusions (After Putting All Studies Together)

14 Sessions 'ABC' Correction is on after 578 Points Rally and firstly correction completion confirmation is required through sustaining above 200-Day EMA(5161). As intraday support seen at lower levels on 27-07-2012 therefore fresh rally hopes are alive but firstly sustaining above 5149 is must today because intraday selling was also seen below it on 27-07-2012. 

Global cues are strong today morning therefore positive opening will be seen today and firstly watch sustaining beyond 5149 and 5161 today. Sustaining above 5161 will be fresh rally confirmation after 'ABC' Correction completion  at Long term trend decider 200-Day EMA/200-Day SMA.

Although multiple resistances above 5161 and consolidation is required before any up move but hopes of sustaining above 5161 is alive after lower levels support on 27-07-2012.