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Pre-Open Market Outlook(20-04-2011)

Today Rally Possibility,Technical Positions and today Outlook have already been posted in following topic with 1 Chart yesterday therefore not repeated today:-

Post-closing Report(19-04-2011) & Tomorrow Outlook
                        
Following Chart was posted in Weekly Outlook(18-04-2011 to 21-04-2011) anb in that chart Wave-5 Sub Waves were shown:-

1- Wave-5 Sub Waves Chart;-
Just click on chart for its enlarged view
Corrective Sub Wave-F started on 06-04-2011 from 5644 and its completion strong signals yesterday after intra day support at 38.2%(5716) retracemnt level and corrective wave'C' 100% correction of Wave 'A' at 5716 yesterday.

Wave-5 Sub Waves complete structure is as follows:-

1- Sub Wave-E fast 596 points gains in 13 sessions
2- Corrective Sub Wave-F started on 06-04-2011
3- Corrective Sub Wave-F corrected in 'ABC'corrective waves.
4- 'C' completed 100% correction of Wave 'A' at 5716 on 19-04-2011.
5- Corrective Sub Wave-F has completed 38.2%(5716)  correction on 19-04-2011.
6- Correction completion strong and Sub Wave-G begining signals yesterday.

Wave-5 Sub Waves Chart:-
Just click on chart for its enlarged view
Consolidation between 5695-5735 yesterday and sustaining above 5762 is rally confirmation. Global cues are good today morning,Indian markets will open positive and Nifty will first trade between 5770-5800. Continuation of upmoves and positive closing expected today.

Rally on Cards

Post-closing Report(19-04-2011) & Tomorrow Outlook

Main features of today market are as follows

1- Green Candle
2- Confirm consolidation between 5695-5735
3- Most of the indices are showing lower levels consolidations.
4- Sub Wave-F of Wave-5 completed 38.2% correction of Sub Wave-E with lower levels supports.
5- 'C' corrective Leg of Sub Wave-F corrective wave is also completed at 5716 roday.

Ratios:

Nifty Put Call Ratio: 0.87
Nifty P/E Ratio(18-04-2011): 21.66

Advances & Declines:

BSE ADVANCES : 1374
BSE DECLINES : 1509
NSE ADVANCES :  645
NSE DECLINES :  763

Nifty Open Interest Changed Today:-

Nifty- 5700 CE(28APR2011)- +126950(+3.15%)
Nifty- 5700 PE(28APR2011)- +158250(+2.08%)

Nifty- 5800 CE(28APR2011)- +113500(+1.57%)
Nifty- 5800 PE(28APR2011)- +488400(+10.46%)

Nifty- 5900 CE(28APR2011)- +369450(+5.30%)
Nifty- 5900 PE(28APR2011)- -44600(-1.67%)


Closing :-

Nifty- closed at 5,740.75(+11.65 Points & +0.20%)
Sensex- closed at 19,121.83(+30.66 Points & +0.16% )
CNX MIDCAP - closed at 8,204.75(+7.45 Points & +0.09%)
BSE SMALL CAP- closed at 8,762.65(+25.59 Points & +0.29%)

Nifty-Micro Analysis of Intra Day Chart(19-04-2011):-
Just click on chart for its enlarged view
Tomorrow(20-04-2011) Outlook

2 following crucial technical developments today:-

1- Sub Wave-F of Wave-5 completed 38.2% correction of Sub Wave-E with lower levels supports.
2- 'C' corrective Leg of Sub Wave-F corrective wave is also completed at 5716 roday.

Last 2 days following consolidation patterns:-

1- Falling Wedge(Bullish) Pattern on 15-04-2011
2- Water Fall(Bullish) Pattern on 18-04-2011

I told 2 times for support and base formation within 5695-5735  in Mid-session Outlooks and again repeating that keep in mind above technical developments and today intraday support as well as expect  rally.

For precaution telling for watching sustaining above 5762 only.

FII Trading Data in Derivatives Segment on 19-Apr-2011


Nifty-Micro Analysis of Intra Day Chart(19-04-2011)


Just click on chart for its enlarged view

Consolidation and Base formation seen between 5695-5735 today. Minor profit booking at higher levels signals but consolidation patterns in last 2 sessions also therefore Nifty sustaining above 5762 will mean strong rally possibility in the coming sessions.

Nifty Spot-Levels & Trading Strategy for 20-04-2011

Nifty Spot-Levels

R3 5839
R2 5800
R1 5770
Avg 5731
S1 5701
S2 5662
S3 5632                                

Nifty Spot-Trading Strategy

H6 5809     Trgt 2
H5 5793     Trgt 1
H4 5777     Long breakout
H3 5758     Go Short
H2 5752
H1 5746
L1 5733
L2 5727
L3 5721     Long
L4 5702     Short Breakout
L5 5686     Trgt 1
L6 5670     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 20-04-2011

Nifty(Apr Fut)-Levels

5871.00
R2 5826
R1 5793
Avg 5748
S1 5715
S2 5670
S3 5637

Nifty(Apr Fut)-Trading Strategy

H6 5838     Trgt 2
H5 5820    Trgt 1
H4 5802    Long breakout
H3 5781    Go Short
H2 5774
H1 5767
L1 5752
L2 5745
L3 5738     Long
L4 5717     Short Breakout
L5 5699     Trgt 1
L6 5681     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 20-04-2011

Bank Nifty(Apr Fut)-Levels

R3 11863
R2 11769
R1 11700
Avg 11606
S1 11537
S2 11443
S3 11374

Bank Nifty(Apr Fut)-Trading Strategy

H6 11796     Trgt 2
H5 11759     Trgt 1
H4 11721     Long breakout
H3 11676     Go Short
H2 11661
H1 11646
L1 11617
L2 11602
L3 11587     Long
L4 11542     Short Breakout
L5 11504     Trgt 1
L6 11467     Trgt 2

Pre-closing Outlook(19-04-2011)


No change in technical positions therefore views are same which have already been expressed in Mid-session Outlook-2. As supports at lower levels therefore up moves expectations are higher.

Mid-session Outlook-2(19-04-2011)

Following line was told in Mid-session Outlook today

"if nifty consolidate within this range then consolidation and up move confirmation point will be crossing 5762."

Nifty moved up could not cross 5762 and again retraced and trading within 5695-5735. Nifty moved up after some base formation today but could not sustain 2 times  at higher levels as well therefore profit booking possibility between 5735-5760 can not be ruled out today.Intra day technical positions of today are as follows;-

1- Base formation between- 5695-5735
2- Profit Booking between 5735-5760

Correction is on and its completion confirmation not received yet. confirmation points are as follows:-

1- Crossing 5762 will mean correction is complete.
2- Dipping below 5695 will mean more down to test 5651/5561

Mixed patterns between 5695-5762 and its break out will be next moves confirmation. Let market take positions within this range and its conclusions will be drawn from micro Analysis of Intra Day Chart formations.

Mid-session Outlook(19-04-2011)


Today intra day base formation between 5695-5735,after that small spike upto 5762 and then Nifty reversed and trading again within this range. Yesterday last 4 hours consolidation pattern and after that if nifty consolidate within this range then consolidation and up move confirmation point will be crossing 5762.

Post-open Outlook(19-04-2011)

Indian markets out performed global markets and almost flat despite most global markets are more than 1% down. sustaining beyond 5680-5716 is next moves confirmation levels for today. As lower levels consolidation patterns yesterday and if Nifty holds above 5716 today then it will be correction completion confirmation.

Pre-open Outlook(19-04-2011)

Opening expected between 5680-5716 and this range will be watched also for next immediate moves confirmations. Correction is on and long positions should be created after confirm support and base formation minimum on intra day levels.

Post-closing Report(18-04-2011) & Tomorrow Outlook


Main features of today market is as follows:-

1- Long Red Candle
2- Selling between 5870-5890
3- Last 4 hours down move in Water Fall Pattern and it is bullish Formation
4- All Indices closed in Red
5- Higher levels selling and lower levels buying patterns in intra day chart.

Ratios:

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(18-04-2011): 21.66

Advances & Declines:

BSE ADVANCES : 1075
BSE DECLINES : 1844
NSE ADVANCES :  374
NSE DECLINES : 1040

Nifty Open Interest Changed Today:-

Nifty- 5700 CE(28APR2011)- +1674650(+69.73%)
Nifty- 5700 PE(28APR2011)- +391450(+5.40%)

Nifty- 5800 CE(28APR2011)- +2412350(+48.73%)
Nifty- 5800 PE(28APR2011)- -167200(-3.31%)

Nifty- 5900 CE(28APR2011)- +1117150(+18.96%)
Nifty- 5900 PE(28APR2011)- -593750(-17.96%)

Closing :-

Nifty- closed at 5,729.10(-95.45 Points &-1.64%)
Sensex- closed at 19,091.17(-295.65 Points & -1.53% )
CNX MIDCAP - closed at 8,197.30(-120.55 Points & -1.45%)
BSE SMALL CAP- closed at 8,737.06(-71.10 Points & -0.81%)

Nifty-Micro Analysis of Intra Day Chart(18-04-2011):-
Just click on chart for its enlarged view
Tomorrow(19-04-2011) Outlook

Correction is on and lower levels consolidation patterns in last 2 sessions:-
1- Falling Wedge(Bullish) Pattern on 15-04-2011
2- Water Fall(Bullish) Pattern on 18-04-2011

As lower levels consolidation patterns therefore only correction and Bear market possibility is negligible.

US markets are trading more than 1.5% down today and such weak closing will certainly hamper the sentiment tomorrow therefore and expected that in that situation most of the Asian markets will be weak and Indian markets gap sown opening possibility can not be ruled out tomorrow. Following levels testing possibility is also on in on going correction:-

1- 5716
2- 5680
2- 5651
3- 5561

Slipping is very much possible in tomorrow like market and above mentilned levels will be watched for correction completion confirmationans;-


1- Firstly stopping of down move
2- after that minimum intra day consolidation and then
3- crossing minimum 1 resistance will be next upmove confirmation.

Nifty-Micro Analysis of Intra Day Chart(18-04-2011)


Just click on chart for its enlarged view

1- Selling between 5870-5890
2- Last 4 hours down move in Water Fall Pattern and it is bullish Formation

Conclusions

Same patterns in most of the Indices intraday charts of today. Higher levels selling and last 4 hours Water Fall consolidation patterns between 5790-5725 today. Although 5736 broken down but with consolidation pattern therefore fresh selling is required within 5790-5725 or below for down move confirmaions and fresh consolidation near or above 5700 will mean sharp rally.

All trends are up and today down move is on going correction. Today intraday charts are suggesting consolidation signals and follow up buying in the coming sessions will mean possibility of sharp rally. Highly volatile markets between 5725-5940 in last 5 sessions without one sided patterns and let market prepare for one side moves then final conclusions will be drawn.

As per my view All trends are up,last 8 session moves are short term correction and after its completion sharp rally will be seen.

FII Trading Data in Derivatives Segment on 18-Apr-2011


FII & DII trading activity in Capital Market Segment on 18-Apr-2011

FII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII18-Apr-20112528.23509.76-981.56


DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII18-Apr-20111395.14733.67661.47

Nifty Spot-Levels & Trading Strategy for 19-04-2011

Nifty Spot-Levels

R3 6018
R2 5957
R1 5843
Avg 5782
S1 5668
S2 5607
S3 5493

Nifty Spot-Trading Strategy

H6 5904     Trgt 2
H5 5864     Trgt 1
H4 5825     Long breakout
H3 5777     Go Short
H2 5761
H1 5745
L1 5712
L2 5696
L3 5680     Long
L4 5632     Short Breakout
L5 5593     Trgt 1
L6 5553     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 19-04-2011

Nifty(Apr Fut)-Levels

R3 6054
R2 5987
R1 5861
Avg 5794
S1 5668
S2 5601
S3 5475

Nifty(Apr Fut)-Trading Strategy

H6 5929     Trgt 2
H5 5885    Trgt 1
H4 5842     Long breakout
H3 5789     Go Short
H2 5771
H1 5753
L1 5718
L2 5700
L3 5682     Long
L4 5629     Short Breakout
L5 5586     Trgt 1
L6 5542     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 19-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12214
R2 12077
R1 11826
Avg 11689
S1 11438
S2 11301
S3 11050

Bank Nifty(Apr Fut)-Trading Strategy

H6 11963     Trgt 2
H5 11876     Trgt 1
H4 11788     Long breakout
H3 11681    Go Short
H2 11646
H1 11610
L1 11539
L2 11503
L3 11468     Long
L4 11361     Short Breakout
L5 11273     Trgt 1
L6 11186     Trgt 2

Pre-closing Outlook(18-04-2011)


As Dow's futures is trading more than 40 points down therefore all the global markets showed weakness. Nifty slipped below 5736 and trading below also but last 4 hours intra day charts are not suggesting genuine selling therefore if Nifty will sustain below 5736 tomorrow then that will be deeper correction confirmation.

Highly volatile markets and trend will be confirmed through sustaining beyond only.

Mid-session Outlook-3(18-04-2011)

All the Asian markets slipped from higher levels and closed flat to negative and European markets also opened in Red but Indian markets under performed all and 1.5% down. 5800 broken down forcefully and Nifty sustained below as well. Nifty slipped below 5736 a short while ago and if sustains below then it will be deeper correction confirmation.

Market is down but patterns  are not suggesting genuine selling therefore therefore deeper correction confirmation level is sustaining below 5736.