Bank Nifty(Apr Fut)-Levels & Trading Strategy for 26-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12135
R2 12080
R1 12000
Avg 11945
S1 11865
S2 11810
S3 11730

Bank Nifty(Apr Fut)-Trading Strategy

H6 12056     Trgt 2
H5 12025     Trgt 1
H4 11995     Long breakout
H3 11958     Go Short
H2 11945
H1 11933
L1 11908
L2 11896
L3 11883     Long
L4 11846     Short Breakout
L5 11816     Trgt 1
L6 11785     Trgt 2

NIFTY-APR F&O-1ST SELLING OF 25-04-2011-TRADE

NIFTY(APR FUT-SELL-POSITIONAL)SL-5926-TGT5836-CMP-5888

NIFTY(APR PUT OPTION-BUY-POSITIONAL)SL-5926-TGT5836-S.P.FOR PUT-5800,5900(APR FUT-RATES FOR ALL OPTIONS)-CMP-5888

Pre-closing Outlook(25-04-2011)

Following line was told in Mid-session Outlook-2:-

"Intra day charts of today are suggesting selling patterns at higher levels today also."

As selling at higher levels therefore Indian markets slipped from higher levels in last hour today.

Short term down move possibility increased but It will be better to wait for sustaining beyond 21-04-2011 range(5864-5912) and also will be watched first for next moves confirmations.

Mid-session Outlook-2(25-04-2011)

Technically market is poised for rally but higher levels selling seen on 21-04-2011 and Nifty is trading between 5874-5906 since opening today and preparing for mext moves within mentioned range today. Intra day charts of today are suggesting selling patterns at higher levels today also.

As lower level buying was also seen on 21-04-2011 therefore sustaining beyond 21-04-2011 range(5864-5912) will be watched first for next moves confirmations.

Let market prepare then final conclusions will be drawn according to coming hours intra day trading patterns.

Mid-session Outlook(25-04-2011)

21-04-2011 trading range was- (5864-5912).
25-04-2011 trading range at 10:38 AM is- (5874-5906)

Following lines were told in Post-closing Report(21-04-2011) & Monday Outlook on 21-04-2011.As applicable today also therefore repeating:-

1- "Indian market require more preparation for any side sustained moves and that will be done near about today range(5864-5912) on Monday"

2- "First 3/4 hours intraday patterns will certainly be watched first on Monday and follow up buying and consolidation will be next rally confirmation"

Post-open Outlook(25-04-2011)

Whatsoever is being happened in today Indian markets,was already told in following lines on 21-04-2011:-

1- I told at 12:34 PM on 21-04-2011 in Nifty-Micro Analysis of Intra Day Chart- "Mixed patterns at this moment and let market prepare for one side move then confirmation will be possible"

2- I told at 12:34 PM on 21-04-2011 in Pre-closing Report(21-04-2011)- "Market require more preperation for any side sustained moves and that will be done near today range on Monday"

Above lines were told in all the outlooks for today market and same is seen today and Indian markets are trading between 21-04-2011 range since opening today. Let Indian markets prepare then final moves will be seen after break out of 21-04-2011 range(5864-5912).

Rally is on after completion of Corrections

Weekly Outlook(25-04 to 29-04-2011)

Wave-5 is on,all trends are up,Long term indicators are cooled down after Wave-4 correction. Short term indicators also chilled after previous week finished 38.2% 'ABC' correction(Sub Wave-2 of Wave-5)

Corrective Wave-4 and Wave-5 Corrections are as follows:-

1- 3rd impulsive wave begun on 13-07-2009 from 3919
2- Wave-3 finished on 05-11-2010 after gaining 2419 Points
3- Corrective Wave-4 started same day and loose 1161 Points.
4- Wave-4 finished on 11-02-2011 at 5177
5- Impulsive Wave-5 started same day and its Sub Wave-1 started 'ABC'correction from 5944 after 767 Points Rally
6- 38,2% 'ABC'correction completed at 5693 after loosing 251 Points.

1-completion of Corrections Chart

Just click on chart for its enlarged view

Sub Wave-1 of Wave-5 'ABC' has completed correction in last week and impulsive Sub Wave-3 of Wave-5 is on for strong rally.

Conclusions

Market is in up trend and and EOD chart is showing Pennant pattern formation in its corrective move which is continuation pattern. It means continuation of on going trend because it is not a trend reversal pattern but trend continuation pattern. As on going trend is Bullish therefore its continuation expected after Pennant falling trend line upward intersection in the coming weeks.

Most important development 3 week before that MACD line upward intersection of Average line and it is confirmation of rally. Weekly MACD cross over gives confirmation to long trend therefore strong confirmation to up trend 3 weeks before. Both lines started to move up near equilibrium line and MACD line has moved it above therefore it is strong indication of rally in the coming week.

It is clear from Nifty-Micro Analysis of Intra Day Chart(21-04-2011) higher level selling and lower level buying therefore mixed patterns on 21-04-2011 and Indian market require more preperation for any side sustained moves and that will be done near 21-04-2011 range(5864-5912) on Monday.

As resistance range and some higher levels selling on 21-04-2011 therefore minor intra day or very short term down moves or correction may be possible in consolidation process but finally market will move up in this week and also very much expected that Nifty will cross immediate resistances and sustain above as well.


Indian markets are well settled for strong rally toward minimum 6120 and expected also in this week. Rally confirmation level is sustaining above 5940.

Bullish Rally Strong Indication From Pennant Formation

Wave-4 Correction in Continuation Pattern Pennant Formation

Waves chart showing Uptrend in EOD Chart:-

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Pennant pattern formation in Wave-4 Correction;-

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Corrective Wave-4 begun on Diwali-2010 from 5338 and terminated at 5177 on 11-02-2011,impulsive Wave-5 begun from same point as well.

Market is in up trend and and EOD chart is showing Pennant pattern formation in its corrective move which is continuation pattern. It means continuation of on going trend because it is not a trend reversal pattern but trend continuation pattern. As on going trend is Bullish therefore its continuation expected after Pennant falling trend line upward intersection in the coming weeks.

Bullish Formation:Nifty- Weekly MACD upward Intersection

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MACD

Most important development 3 week before that MACD line upward intersection of Average line and it is confirmation of rally. Weekly MACD cross over gives confirmation to long trend therefore strong confirmation to up trend 3 weeks before. Both lines started to move up near equilibrium line and MACD line has moved it above therefore it is strong indication of rally in the coming week.

Weekly Outlook(25-04 to 29-04-2011) and many other topics will be posted daily in next 3 days for guidance in next week trading and expected next Bull Rally also.

Post-closing Report(21-04-2011) & Monday Outlook

Following line was told in Post-open Outlook at 09:36:00 AM today:-

"Gap up opening but not strong"

As clearly told not strong within first half hour and today intra day results are as follows:-

1- Market did not moved up,closed at opening level and today Candle is 'Doji'(confusion)
2- MIDCAP and SMALL CAP slipped and closed near lower levels but not completely selling patterns.
3- Higher levels selling and it was also told with intraday chart at 12:49:00 PM today.
4- Confirm mixed patterns selling at higher levels and buying at lower levels.

Ratios:

Nifty Put Call Ratio: 1.14
Nifty P/E Ratio(21-04-2011):22.18

Advances & Declines:

BSE ADVANCES : 1405
BSE DECLINES : 1523
NSE ADVANCES :  634
NSE DECLINES :  775

Nifty Open Interest Changed Today:-

Nifty- 5700 CE(28APR2011)- -287450(-8.51%)
Nifty- 5700 PE(28APR2011)- +370300(+4.46%)

Nifty- 5800 CE(28APR2011)- -713200(-15.29%)
Nifty- 5800 PE(28APR2011)- +675850(+9.68%)

Nifty- 5900 CE(28APR2011)- -141000(-2.31%)
Nifty- 5900 PE(28APR2011)- +2506200(+50.50%)

Closing :-

Nifty- closed at 5,884.70(+33.05 Points & +0.56%)
Sensex- closed at 19,602.23(+131.25 Points & +0.67% )
CNX MIDCAP - closed at 8,313.95(+9.05 Points & +0.11%)
BSE SMALL CAP- closed at 8,878.57(+2.77 Points & +0.03%)

Nifty-Micro Analysis of Intra Day Chart(21-04-2011):-

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Monday(25-04-2011) Outlook

Market was not strong since opening today and it was told within first half hour and today intra day selling was also shown through intra day chart. Although Nifty and SENSEX closed positive with moderate gains but today intraday intra day charts are suggesting mixed formations.

Today intra day consolidation was technical requirements because:-

1- Yesterday last one hour Rising Wedge(Bearish Pattern) Formation between 5825-5855
2- Next immediate resistance range(5860-5940)

Following lines were told in Pre-open Outlook today  and again repeating today because already mentioned market moves will be seen in the coming sessions also:-

"Nifty will trade within immediate resistance range(5860-5940) therefore fresh consolidation and follow up buying is must to cross mentioned resistance."

Mixed patterns today and Market require more preparation for any side sustained moves and that will be done near today range on Monday. All trends are up and today consolidation signals also ssen today despite higher levels selling therefore consolidation and follow up buying possibility can not be ruled out on Monday .

Possibilities have been discussed above but Indian market require more preparation for any side sustained moves and that will be done near about today range(5864-5912) on Monday. As intra day higher levels selling today therefore First 3/4 hours intraday patterns will certainly be watched first on Monday and follow up buying snd consolidation will be next rally confirmation.

FII Trading Data in Derivatives Segment on 21-Apr-2011

Nifty-Micro Analysis of Intra Day Chart(21-04-2011)

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Following lines were told whole day for today market:-

1-Market will prepare for next week market today
2-market require some more consolidation to cross following 2 resistances

Following line was told for today market in Nifty-Micro Analysis of Intra Day Chart(at 12:34 PM on 20-04-2011):-

Lower levels buying and higher levels selling today. Mixed patterns at this moment and let market prepare for one side move then confirmation will be possible.

Following today market conclusive lines are being told since morning in all the outlooks and not being told after watching today closing:-

Selling between 5908-5912
Selling between 5880-5896

Buying between 5870-5880
Buying between 5868-5876

Mixed patterns today therefore Indian market require more preperation for any side sustained moves and that will be done near today range(5864-5912) on Monday.

FII & DII trading activity in Capital Market Segment on 21-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 21-Apr-2011 2799.78 2491.99 307.79

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Apr-2011 1076.57 1346.19 -269.61

Nifty Spot-Levels & Trading Strategy for 25-04-2011

Nifty Spot-Levels

R3 5957
R2 5934
R1 5909
Avg 5886
S1 5861
S2 5838
S3 5813

Nifty Spot-Trading Strategy

H6 5932     Trgt 2
H5 5921     Trgt 1
H4 5910     Long breakout
H3 5897     Go Short
H2 5892
H1 5888
L1 5879
L2 5875
L3 5870     Long
L4 5857     Short Breakout
L5 5846     Trgt 1
L6 5835     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2011

Nifty(Apr Fut)-Levels

R3 5980
R2 5955
R1 5929
Avg 5904
S1 5878
S2 5853
S3 5827

Nifty(Apr Fut)-Trading Strategy

H6 5954     Trgt 2
H5 5942     Trgt 1
H4 5931     Long breakout
H3 5917     Go Short
H2 5912
H1 5907
L1 5898
L2 5893
L3 5888     Long
L4 5874     Short Breakout
L5 5863     Trgt 1
L6 5851     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12066
R2 12013
R1 11969
Avg 11916
S1 11872
S2 11819
S3 11775

Bank Nifty(Apr Fut)-Trading Strategy

H6 12023     Trgt 2
H5 12001     Trgt 1
H4 11979     Long breakout
H3 11952     Go Short
H2 11943
H1 11934
L1 11917
L2 11908
L3 11899     Long
L4 11872     Short Breakout
L5 11850     Trgt 1
L6 11828     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(25 Apr to 29-04-2011)

Nifty Spot-Weekly Levels

R3 6185
R2 6048
R1 5966
Avg 5829
S1 5747
S2 5610
S3 5528

Nifty Spot-Weekly Trading Strategy 

H6 6110     Trgt 2
H5 6057     Trgt 1
H4 6004     Long breakout
H3 5944     Go Short
H2 5924
H1 5904
L1 5863
L2 5843
L3 5823     Long
L4 5763     Short Breakout
L5 5710     Trgt 1
L6 5657     Trgt 2

Pre-closing Report(21-04-2011)

Following lines were told for today market

Market will prepare for next week market today
market require some more consolidation to cross following 2 resistances

Market traded whole day on expected lines and prepared within remained range bound moves between 5868-5910. As Patterns are mixed and selling also seen at higher levels therefore today trading range break out will give big move confirmation.

Market require more preperation for any side sustained moves and that will be done near today range on Monday.

Nifty-Micro Analysis of Intra Day Chart(at 12:34 PM on 21-04-2011)

1

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Lower levels buying abd higher levels selling today. Mixed patterns at this moment and let market prepare for one side move then confirmation will be possible.

Mid-session Outlook-2(21-04-2011)

Next immediate resistance range is- 5860-5940
Nifty First trading range is- 5872-5890

Nifty crossed 5890 and formed high at 5912.90 today and it is strong indication of today consolidation and follow up buying. Market require complete consolidation within 5860-5940 now to cross 5940 and sustain above.

First 2 hours of today market has indicated consolition and Nifty sustaining above 5890 will be its confirmation.

Market is prepring for next moves within resistance range,let this process complete and then next immediate moves will be decided according to confirmation from sustaining beyond mentioned crucial  levels.