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Nifty Spot-Levels & Trading Strategy for 09-05-2011
R3 5678
R2 5621
R1 5586
Avg 5529
S1 5494
S2 5437
S3 5402
Nifty Spot-Trading Strategy
H6 5644 Trgt 2
H5 5622 Trgt 1
H4 5601 Long breakout
H3 5576 Go Short
H2 5567
H1 5559
L1 5542
L2 5534
L3 5525 Long
L4 5500 Short Breakout
L5 5479 Trgt 1
L6 5457 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 09-05-2011
R3 5702
R2 5638
R1 5596
Avg 5532
S1 5490
S2 5426
S3 5384
Nifty(May Fut)-Trading Strategy
H6 5662 Trgt 2
H5 5638 Trgt 1
H4 5613 Long breakout
H3 5584 Go Short
H2 5574
H1 5564
L1 5545
L2 5535
L3 5525 Long
L4 5496 Short Breakout
L5 5472 Trgt 1
L6 5447 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 09-05-2011
R3 12588
R2 12157
R1 11650
Avg 11219
S1 10712
S2 10281
S3 9774
Bank Nifty(May Fut)-Trading Strategy
H6 12111 Trgt 2
H5 11885 Trgt 1
H4 11658 Long breakout
H3 11400 Go Short
H2 11314
H1 11228
L1 11057
L2 10971
L3 10885 Long
L4 10627 Short Breakout
L5 10400 Trgt 1
L6 10174 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(09-05 to 13-05-2011)
Nifty Spot-Weekly Levels
R3 6067
R2 5921
R1 5736
Avg 5590
S1 5405
S2 5259
S3 5074
Nifty Spot-Weekly Trading Strategy
H6 5888 Trgt 2
H5 5810 Trgt 1
H4 5733 Long breakout
H3 5642 Go Short
H2 5611
H1 5581
L1 5520
L2 5490
L3 5459 Long
L4 5368 Short Breakout
L5 5291 Trgt 1
L6 5213 Trgt 2
Pre-closing Outlook(06-05-2011)
Nifty crossed 1st resistance after strong opening today and it is yesterday bottoming out confirmation. Final conclusion from today intraday patterns is consolidations. If Nifty sustains above 5560 and cross 5585 in next week then will be Bull market survival.
Mid-session Outlook-3(06-05-2011)
5520 crossed and Nifty is trading between next 1st resistance 5520-2260. Up moves are with good force today and crossing of 5560 will be Pull back rally confirmation.
Mid-session Outlook-2(06-05-2011)
3 hours selling between 5500-5520 and Nifty slipped to 5472 and then recovered fast also.As sentiment is extremely depressed therefore people can not hold positions and panic selling starts. Today fast recovery is certainly a positive move and 5475-5485 has developed minor support also.
First of all watch 5500-5520 and its break out will be first indicaton. 5475-5560 crossing will be next sustained move confirmation. For any up move Nifty require complete consolidation between 5525-5560 and it will take its own time. 5475-5485 is minor support and will be easily cleared if fresh selling develops today.
First of all watch 5500-5520 and its break out will be first indicaton. 5475-5560 crossing will be next sustained move confirmation. For any up move Nifty require complete consolidation between 5525-5560 and it will take its own time. 5475-5485 is minor support and will be easily cleared if fresh selling develops today.
Mid-session Outlook(06-05-2011)
As intraday charts told therefore Following line was told in Technical Analysis and Research For 06-05-2011
Genuine selling between 5525-5560
Clearly following line was told and cautioned in Post-open Outlook(06-05-2011)
confirmation will be minimum crossing next resistance range(5525-5560).
Intraday charts showed 3 hours selling between 5500-5520 today and this sellling is exactly below yesterday genuine selling range therefore yesterday resistance strengthened and more down moves are expected.
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Post-open Outlook(06-05-2011)
Indian markets closed near the lows of the day yesterday but intraday charts did not suggested pure selling but buying signals were also seen therefore following lines were told in all the outlooks posted for today:-
1- Mixed Patterns between 5455-5490
2- Nifty will first trade within or near about 5455-5490 for next moves preparations.
All the Global markets are in Red and sentiment was deep depressed but Indian markets opening is certainly strong. If Nifty sustains at higher levels and close above 5500 today then it will be first indication of yesterday bottom formation yesterday and confirmation will be minimum crossing next resistance range(5525-5560).
Today 1% up is Pull Back Rally and strong move also. Next 2/3 hours intraday charts formations and sustaining beyond 5500 will give next moves first indication.
1- Mixed Patterns between 5455-5490
2- Nifty will first trade within or near about 5455-5490 for next moves preparations.
All the Global markets are in Red and sentiment was deep depressed but Indian markets opening is certainly strong. If Nifty sustains at higher levels and close above 5500 today then it will be first indication of yesterday bottom formation yesterday and confirmation will be minimum crossing next resistance range(5525-5560).
Today 1% up is Pull Back Rally and strong move also. Next 2/3 hours intraday charts formations and sustaining beyond 5500 will give next moves first indication.
Pre-Open Market Outlook(06-05-2011)
Huge voltality is Bear market character and will be seen also. Previous Wave(5177-5944) has been retraced 61.8%(5469) and Nifty closed below it ar 5459 yesterday,as mixed Patterns between 5455-5490 yesterday therefore if fresh consolidation develop near about then a very shot term up move will be seen. Next retracement levels are as follows:-
1- 70.7%- 5401
2- 76.4%- 5358
3- 78.6%- 5341
4- 88.6%- 5264
Next 3 supports are as follows:-
1- 5348
2- 5233
3- 5178
At present 1st Resistance range is 5525-5560 and until Nifty will not sustain above it till then bullish rally begining will not be considered. Mixed Patterns between 5455-5490 yesterday therefore Nifty will first trade within or near about this range for next moves preparations. Intraday consolidation today will mean only pull back rally possibility maximum upto 5525. Market is in Bear phase therefore fresh selling today will mean more sharp down moves toward above mentioned retracement levels and supports.
As mixed Patterns between 5455-5490 in last 3 hours yesterday therefore next immediate market and today closing will be decided according to first 2/3 hours trading.
Tomorrow(06-05-2011) Outlook
Technical Positions have already been posted in following topic with 2 Chart therefore not being repeated
Technical Analysis and Research For 06-05-2011
Sentiment is depressed therefore market may be volatile tomorrow. Market has turned bearish and require complete consolidation for a big rally. Only pull back rally can be expected. Tomorrow expected trading range is 5425-5490
Technical Analysis and Research For 06-05-2011
Technical Analysis of EOD Chart(05-05-2011)
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Just click on chart for its enlarged view |
Next 3 bottoms are next supports:-
B3- 5348
B2- 5233
B1- 5178
Conclusions
Nifty was already below 55 Day EMA and 200 Day EMA and continuation pattern Pennant cancelled today after breaking down of 5485. Bearish phase confirmation and selling at each step.
Nifty-Micro Analysis of Intra Day Chart(05-05-2011):-
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Just click on chart for its enlarged view |
Main Features
Genuine selling between 5525-5560
Mixed Patterns between 5455-5490
Conclusions
Genuine selling between 5525-5560 and this selling was confirmed at 10:33:00 AM today and following line was told 3 hours before today down move begining:-
"Selling signals emerged between 5540-5559 today"
As mixed Patterns between 5455-5490 today therefore Nifty will first trade within or near about this range for next moves preparations.
Conclusions (After Putting EOD and Intraday charts analysis together)
Bear phase is confirm and following line was also told at 01:15:00 PM in Mid-session Outlook-3:-
Now bear market confirmation and more down moves are possible.
Market require complete consolidation for any rally and until that will not haappen till then any rally will not be imagined. 1st reistance range as of today is 5525-5560 and any rally begining will be considered only after sustaining above 5560. Mentioned B1 to B3 will be watched for next supports and pull back rally may be seen from these points in next week.
Sentiment depressed therefore voltality may be seen and Nifty will first trade within or near about 5455-5490 for next moves preparations.
Nifty Spot-Levels & Trading Strategy for 06-05-2011
R3 5648
R2 5604
R1 5531
Avg 5487
S1 5414
S2 5370
S3 5297
Nifty Spot-Trading Strategy
H6 5576 Trgt 2
H5 5549 Trgt 1
H4 5523 Long breakout
H3 5491 Go Short
H2 5480
H1 5469
L1 5448
L2 5437
L3 5426 Long
L4 5394 Short Breakout
L5 5368 Trgt 1
L6 5341 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 06-05-2011
R3 5669
R2 5621
R1 5539
Avg 5491
S1 5409
S2 5361
S3 5279
Nifty(May Fut)-Trading Strategy
H6 5588 Trgt 2
H5 5558 Trgt 1
H4 5529 Long breakout
H3 5493 Go Short
H2 5481
H1 5469
L1 5446
L2 5434
L3 5422 Long
L4 5386 Short Breakout
L5 5357 Trgt 1
L6 5327 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 06-05-2011
R3 11240
R2 11123
R1 10935
Avg 10818
S1 10630
S2 10513
S3 10325
Bank Nifty(May Fut)-Trading Strategy
H6 11054 Trgt 2
H5 10985 Trgt 1
H4 10915 Long breakout
H3 10831 Go Short
H2 10803
H1 10775
L1 10720
L2 10692
L3 10664 Long
L4 10580 Short Breakout
L5 10510 Trgt 1
L6 10441 Trgt 2
FII & DII trading activity in Capital Market Segment on 05-May-2011
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Pre-closing Outlook(05-05-2011)
4 hours intraday genuine selling patterns within 5538-5559 today and after that range broken down as well as breaking of 5485 is confirmation of Bearish market. Following line was told in Mid-session Outlook-3 today,as applicale now also therefore being repeated.
Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.
As told immediately after begining of down moves,same is seen and sharp down moves were seen today.
As selling at each step therefore market require full consolidation for any rally and until that will not haappen till then any up move will not be considered. Down moves are on and next strong support is at 5177..
Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.
As told immediately after begining of down moves,same is seen and sharp down moves were seen today.
As selling at each step therefore market require full consolidation for any rally and until that will not haappen till then any up move will not be considered. Down moves are on and next strong support is at 5177..
Mid-session Outlook-3(05-05-2011)
Selling was told in following line at 10:33:00 AM today
"Selling signals emerged between 5540-5559 today"
Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.
"Selling signals emerged between 5540-5559 today"
Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.
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