Nifty(Apr Fut)-Levels & Trading Strategy for 18-04-2011

Nifty(Apr Fut)-Levels

R3 6001
R2 5962
R1 5898
Avg 5859
S1 5795
S2 5756
S3 5692

Nifty(Apr Fut)-Trading Strategy

H6 5937     Trgt 2
H5 5913    Trgt 1
H4 5890    Long breakout
H3 5862     Go Short
H2 5852
H1 5843
L1 5824
L2 5815
L3 5805     Long
L4 5777     Short Breakout
L5 5754    Trgt 1
L6 5730     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 18-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12187
R2 12091
R1 11931
Avg 11835
S1 11675
S2 11579
S3 11419

Bank Nifty(Apr Fut)-Trading Strategy

H6 12027     Trgt 2
H5 11969     Trgt 1
H4 11911     Long breakout
H3 11841     Go Short
H2 11817
H1 11794
L1 11747
L2 11724
L3 11700     Long
L4 11630     Short Breakout
L5 11572    Trgt 1
L6 11514     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(18 Apr to 21-04-2011)

Nifty Spot-Weekly Levels

R3 6108
R2 6016
R1 5920
Avg 5828
S1 5732
S2 5640
S3 5544

Nifty Spot-Weekly Trading Strategy

H6 6014     Trgt 2
H5 5971     Trgt 1
H4 5927     Long breakout
H3 5875     Go Short
H2 5858
H1 5841
L1 5806
L2 5789
L3 5772     Long
L4 5720     Short Breakout
L5 5676     Trgt 1
L6 5633     Trgt 2

Pre-closing Outlook(15-04-2011)

3 negative news driven market today with higher levels selling(5850-5875) and lower levels buying(5808-5826) and Bearish Harami Candle today.

News based market today and technical positions are mixed therefore will be better to draw next moves first confirmation from break out of 5800-5875.

Whole sentiment was bullish today morning but I gave again and again  5940 forcful cross over and sustaining above for next move confirmation.

Mid-session Outlook(15-04-2011)

Following 3 negative news dragged down Indian markets today:-

1- INFY below expectation results
2- RIL 'highly complacent' on KG-D6 production targets: DGH
3- March WPI inflation at 8.98 pct Vs 8.31 pct in Feb

Negative news flow led Down move triggered today,intraday Selling seen between 5850-5875 and minor intraday support also betwen 5808-5826.therefore Nifty will move between both ranges first.

Nifty-Micro Analysis of Intra Day Chart(at 01:19PM on 13-04-2011):-

Just click on chart for its enlarged view

Let today market range(5808-5875) break out and  then form final view.

Post-open Outlook-2(15-04-2011)

It is clear that market had taken INFY results negative and trading 7.00% down and negative news from RIL also today. Nifty traded and closed within resistance range(5870-5940) on 13-04-2011 but depressed and trading below it today. Long positions after market stablising and base formation confirmation.

Post-open Outlook(15-04-2011)

It is seen first time that INFY results are declared after opening of market and below expectations also. Market has taken it negative and trading weak and INFY is 6.5% down. News based market and will be better to draw final conclusion from 3/4 hoours intra day charts foemations and market response on all these developments.

Pre-Open Market Outlook(15-04-2011)

Technical positions and forthcoming markets possibilities have already been discussed with intra Day and EOD charts in following topics ln last 2 days:-

1- Market is well prepared for Sharp Rally
2- Resistances crossed on 13-04-2011
3- Post-closing Report(13-04-2011) & 15 Apr 2011 Outlook
4- Nifty-Micro Analysis of Intra Day Chart(13-04-2011)

RIL and INFTEC results have power to trigger decisive direction to Indian markets and INFTEC Audited Results & Final Dividend announcement today at that time when Indian markets are well set to shoot up. Rocket is at launching pad,count down has been started,only sparking is left and that will be done by INFTEC results today.

Whatsoever may be sentiment today morning but today expected first trading range is 5875-5945. Sentiment may be heated today morning and in such mood profit booking possibility can not be ruled out therefore its confirmation is also required today.

Forceful break out and sustaining above 5940 today will be confirmation of fast moves toward 6120. Nifty trading within 5875-5945 will mean final view formation through 3/4 hours intraday charts analysis.

Possibilities have been discussed but as per my view strong rally above 5940 will trigger from today,

Market is well prepared for Sharp Rally

Just click on chart for its enlarged view

Sharp surge,whole day higher level consolidation,no intra day selling pattern,1st resistance(5830) cleared and last resistance has also almost crossed on 13-04-2011 therefore no big hurdle in rally now.

Wave-5 is on,all trends are up,minute resistances near 5940,crossing it by force and sustaining above will spark blasing rally in Indian markets toward minimum 6120.

Watch only 5940 for next move Confirmations

Resistances crossed on 13-04-2011

Just click on chart for its enlarged view

Nifty-Micro Analysis of 10 Days-Intra Day Chart

It is clear from 10 days intra day chart that Nifty crossed stronger resistance range (5870-5910) and closed above at 5911 on 13-04-2011. Minute resistance is near 5940 and it has no strength.

Wave-5 is on,all trends are up and Nifty by force crossing or sustaining above 5940 tomorrow will confirm strong rally toward minimum 6120.

Post-closing Report(13-04-2011) & 15 Apr 2011 Outlook

Indian markets participated Crude $7 sudden fall fuelled global markets rally and  closed with good gains. Main features are as follows:-

1- Long White Bullish candle.
2- All the sectoral Indices positive closing.
3- Crossed 1st resistance(5830)
4- Traded and closed within immediate last resistance of the rally(5870-5940).

Ratios:

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(13-04-2011):22.43

Advances & Declines:-

BSE ADVANCES : 1973
BSE DECLINES :  975
NSE ADVANCES : 1068
NSE DECLINES :  356

Nifty Open Interest Changed Today:-

Nifty- 5800 CE(28APR2011)- -1428700(-26.60%)
Nifty- 5800 PE(28APR2011)- +1885550(+38.58%)

Nifty- 5900 CE(28APR2011)- -1244900(-19.76%)
Nifty- 5900 PE(28APR2011)- +2905550(+107.84%)

Nifty- 6000 CE(28APR2011)- +152150(+2.05%)
Nifty- 6000 PE(28APR2011)- +1241000(+80.58%)

Closing :-

Nifty- closed at 5,911.50(+125.80 Points & +2.17%)
Sensex- closed at 19,696.86(+434.32 Points & +2.25% )
CNX MIDCAP - closed at 8,349.05(+119.10 Points & +1.45%)
BSE SMALL CAP- closed at 8,823.46(+113.55 Points & +1.30%)

Nifty-Micro Analysis of Intra Day Chart(13-04-2011):-

Just click on chart for its enlarged view

15 Apr 2011 Outlook:-

5th Wave is on,Long term and intermediate term trends were up and short term trend turned up after sharp surge on 13-04-2011. Short term correction has been completed and up ward force was so high that market consolidated at higher levels and shoot up. Last resistance range of on going rally is between 5870-5940 and Nifty has cleared this resistance upto 5823 on 13-04-2011.

Correction has been completed in blasting manner and sustaining above 5940 will mean fire works in Indian markets and then Nifty will test minimum 6120 in the coming week/weeks.

Expected that Nifty will sustain above 5940 in the coming week and fresh rally will be seen. For strong rally confirmation  just watch sustaining above 5940 only.

Nifty-Micro Analysis of Intra Day Chart(13-04-2011)

Indian markets participated global markets Crude $7 down rally today. As up move was expected therefore following line was told in Pre-Open Market Outlook(13-04-2011):-

"recovery from lower levels after getting intra day support is possible today"

Although up move was expected after some consolidation but view changed after analysing first half intraday chart and  following lines were told at 09:54AM in Post-open Outlook(13-04-2011):-

"Market showed strength and if Nifty sustains above 5800 today then correction completion will be considered."

As sentiment recovered after sudden Crude price fall therefore sentiment enthused and Indian markets sharply surged after higher levels consolidation and up move was above rising trend line with 5 intraday consolidation patterns. Mentioned all the points were told also in all the 5 outlooks which were posted during trading hours on 13-04-2011.

Intra Day Chart(13-04-2011)

Just click on chart for its enlarged view

Intra day consolidation at 5 levels and no distribution pattern on 13-04-2011.

FII Trading Data in Derivatives Segment on 13-Apr-2011

FII & DII trading activity in Capital Market Segment on 13-Apr-2011

FII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 13-Apr-2011 3309.08 3283.48 25.6

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 13-Apr-2011 1230.1 1234.9 -4.8

Nifty Spot-Levels & Trading Strategy for 15-04-2011

Nifty Spot-Levels

R3 6165
R2 6044
R1 5977
Avg 5856
S1 5789
S2 5668
S3 5601

Nifty Spot-Trading Strategy

H6 6104     Trgt 2
H5 6059     Trgt 1
H4 6014     Long breakout
H3 5962     Go Short
H2 5945
H1 5928
L1 5893
L2 5876
L3 5859     Long
L4 5807     Short Breakout
L5 5762     Trgt 1
L6 5717     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 15-04-2011

Nifty(Apr Fut)-Levels

R3 6203
R2 6075
R1 6006
Avg 5878
S1 5809
S2 5681
S3 5612

Nifty(Apr Fut)-Trading Strategy

H6 6141     Trgt 2
H5 6093     Trgt 1
H4 6046     Long breakout
H3 5992     Go Short
H2 5974
H1 5956
L1 5919
L2 5901
L3 5883     Long
L4 5829     Short Breakout
L5 5782     Trgt 1
L6 5734     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 15-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12424
R2 12171
R1 12037
Avg 11784
S1 11650
S2 11397
S3 11263

Bank Nifty(Apr Fut)-Trading Strategy

H6 12302     Trgt 2
H5 12209     Trgt 1
H4 12115    Long breakout
H3 12009     Go Short
H2 11973
H1 11938
L1 11867
L2 11832
L3 11796    Long
L4 11690     Short Breakout
L5 11596     Trgt 1
L6 11503     Trgt 2

Pre-closing(13-04-2011)

As $7 Cheaper Crude therefore excessive filled Jet tanks are flying all the global markets and Indian markets are shooting like rocket. First resistance(5830) is crossed and now travelling within next resistance 5870-5940.

Encouraging news and Strong global cues led rally today and correction is complete after higher levels condolidation. Last hurdle is 5940 and its crossing will mean 6120 fast.As correction is complete today therefore 6120 is expected in the coming week and for confirmation just watch crossing of 5940.

Correction completion possibility was told in all the today outlooks which were started after first half hour today.

Mid-session Outlook-2 (13-04-2011)

Crude price $7 fall fuelled global rally and European markets opened with good gains after all Asian markets lower levels recovery. Nifty is also sustaining above 5830 therefore it is strong indication of completiion of correction and higher levels consolidation  after positive global news and global markets cues.

Today intra day charts are also suggesting strong cues led higher level consolidation therefore correction completion possibility is high now.

Mid-session Outlook(13-04-2011)

As crude price is more than $7 down in last 2 days therefore strong recovery in all the Asian markets and  Indian markets today. Nifty crossed 5830,trading above and sustaining above also will mean clearance of immediate resistance and correction completion confirmation also. Today rally is news based therefore sustaining above first resistance(5830) is must for 100% confirmation.

Post-open Outlook-2(13-04-2011)

Global sentiment changed today after sharp fall in Crude rates therefore US and European futures are positive and all the Asian markets also recovered from lower levels. Sentiment reversed therefore Indian markets recovered and trading positive.

INFTEC audited results & final dividend will be declared on 15-Apr-2011 and market is up in expectation of good results also and Nifty is trading between immediate resistance range and crossing 5830 will be correction completion confirmation.