Main features of today trading are as follows
1- Nifty Put Call Ratio is at the month lowest at 0.82 today.
2- Black Candle in Nifty and Sensex
3- CNX MIDCAP and BSE SMALL CAP closed flat.
4- Higher level selling indications but support at lower levels also.
Ratios
Nifty Put Call Ratio:
0.82
Nifty P/E Ratio(27-04-2011):
21.79
Advances & Declines
BSE ADVANCES :1297
BSE DECLINES :1589
NSE ADVANCES : 565
NSE DECLINES : 839
Nifty Open Interest Changed Today
Nifty- 5800 CE(28APR2011)- +2102250(+51.64%)
Nifty- 5800 PE(28APR2011)- -180200(-2.55%)
Nifty- 5900 CE(28APR2011)- +2497950(+30.87%)
Nifty- 5900 PE(28APR2011)- -236650(-4.16%)
Closing
Nifty- closed at 5,833.90(-34.50 Points &-0.59%)
Sensex- closed at 19,448.69(-96.66 Points &-0.49% )
CNX MIDCAP - closed at 8,338.95(+7.60 Points & +0.09%)
BSE SMALL CAP- closed at 8,897.04(+0.18 Points & +00.00%)
Nifty-Micro Analysis of Intra Day Chart(27-04-2011):-
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| Just click on chart for its enlarged view |
Tomorrow(28-04-2011) Outlook
Crucial points are as follows
1- Higher levels selling between 5880-5912 on 21-04-2011.
2- Genuine selling between 5874-5905 on 25-04-2011
3- Support between 5792-5812 on 26-04-2011
4- Today Intra Day Charts are concluding mixed formations despite Red closing,detailed analysis is given in
Nifty-Micro Analysis of Intra Day Chart.
All the indices are showing mixed patterns today and in the same manner most pivotal stocks are also not one sided,when some are showing buying then others are indicating selling also.
As supports at lower levels and resistances at higher level therefore Indian markets will first prepare between 5800-5900 tomorrow for next moves and then decisive moves will be seen in the coming week.Next move confirmation range is 5792-5912 and:-
1- sustaining above 5912 will mean clearance of strong resistances and begining of sharp rally.
2- sustaining below 5792 will mean correction minimum upto 5693 after tripple top(Bearish) pattern formation.
Let market prepare for next moves between 5800-5900 tomorrow then final conclusions will be drawn from coming sessions intra day charts formations.
