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Pre-Open Market Outlook(12-05-2011)
Yesterday begun US tsunami reached Asia today morning and all the Asian markets are 1/2% to 1% down today morning. Indian markets are already weak and range bound between 5450-5590 and also got support at lower levels between this range. As all the global markets are weak therefore firstly Indian markets reaction to global weakness has to be understood. Immediate supports within mentioned range are as follows:-
1- 5525
2- 5505
3- 5487
4- 5460
Move below 5500 will mean nullifying of 2 supports and in that situation more weakness will be possible. Indian markets first half hour trading will tell Indian markets reaction to global weakness. Although sentiment is most depressed today morning but rally expected within couple of sessions.
Nifty sustaining beyond 5525 will be watched first for next moves first indication.
1- 5525
2- 5505
3- 5487
4- 5460
Move below 5500 will mean nullifying of 2 supports and in that situation more weakness will be possible. Indian markets first half hour trading will tell Indian markets reaction to global weakness. Although sentiment is most depressed today morning but rally expected within couple of sessions.
Nifty sustaining beyond 5525 will be watched first for next moves first indication.
Market Outlook(12-05-2011)
Correction started after good selling above 5850 and after all trends turned down after Nifty slipping below 200 Day EMA. As good selling at higher levels therefore complete consolidation is the requirement for any short term/pull back rally.
Nifty traded between 5450-5590 in last 6 sessions with multiple resistances at higher levels and multiple supports at lower levels. Intraday charts of today are suggesting good consolidations and this process is seen near higher band of last 6 days range. Intraday charts of most of the Indices and many stocks are showing consolidation patterns today. Ranges positions are as follows:-
1- Last 6 days range- 5450-5590
2- Today condolidations- 5525-5550
3- Next resistance(requiring consolidations for any up moves)- 5550-5590
As per my view fresh consolidation expected between 5550-5590 tomorrow and moves above 5590 will be seen in the coming sessions. US markets are in deep Red and Dow Jones is more than 170 points down at this moment therefore weak opening is possible tomorrow and market will be decided through sustaining below any support level. As consolidation seen between 5525-5550 today and if global markets crashes and Nifty sustains below 5525 then any down moves will be considered. As good condolidations betweeen 5525-5550 today therefore if Nifty moves above 5550 then it will be short term/pull back rally confirmations.
Today US markets closing and then Asian markets reponse and after that Indian markets first half hour trading will tell Indian markets response to global storm. Although sentiment may be most depressed tomorrow morning but rally expected within couple of sessions.
Nifty traded between 5450-5590 in last 6 sessions with multiple resistances at higher levels and multiple supports at lower levels. Intraday charts of today are suggesting good consolidations and this process is seen near higher band of last 6 days range. Intraday charts of most of the Indices and many stocks are showing consolidation patterns today. Ranges positions are as follows:-
1- Last 6 days range- 5450-5590
2- Today condolidations- 5525-5550
3- Next resistance(requiring consolidations for any up moves)- 5550-5590
As per my view fresh consolidation expected between 5550-5590 tomorrow and moves above 5590 will be seen in the coming sessions. US markets are in deep Red and Dow Jones is more than 170 points down at this moment therefore weak opening is possible tomorrow and market will be decided through sustaining below any support level. As consolidation seen between 5525-5550 today and if global markets crashes and Nifty sustains below 5525 then any down moves will be considered. As good condolidations betweeen 5525-5550 today therefore if Nifty moves above 5550 then it will be short term/pull back rally confirmations.
Today US markets closing and then Asian markets reponse and after that Indian markets first half hour trading will tell Indian markets response to global storm. Although sentiment may be most depressed tomorrow morning but rally expected within couple of sessions.
Technical Analysis and Research For 12-05-2011
Nifty-Micro Analysis of today Intra Day Chart(11-05-2011)
Main features are as follows:-
1- Whole day intraday consolidation between 5525-5550
2- Slipped from higher levels in last 15 minutes but patterns are not selling.
Conclusions
Fresh consolidation expected betwen 5550-5590 tomorrow and moves above 5590 will be seen in the coming sessions.
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Detailed Technical Analysis have already been posted in following topics in last 5 days and no change in positions today therefore not being repeated. As last 5 days postd analysis will have impact on tomorrow trading also therefore useful links are as follows;-
Just click on chart for its enlarged view |
1- Whole day intraday consolidation between 5525-5550
2- Slipped from higher levels in last 15 minutes but patterns are not selling.
Conclusions
Fresh consolidation expected betwen 5550-5590 tomorrow and moves above 5590 will be seen in the coming sessions.
-------------------------------------------------------------
Detailed Technical Analysis have already been posted in following topics in last 5 days and no change in positions today therefore not being repeated. As last 5 days postd analysis will have impact on tomorrow trading also therefore useful links are as follows;-
Indian Stock Markets Closing Reports(11-05-2011)
Add caption |
1- Range bound trading within last 5 sessions most trading range(5500-5570)
2- All the Indices closed in Green
3- Whole day consolidation formations
Ratios:
Nifty Put Call Ratio: 0.84
Nifty P/E Ratio(10-05-2011): 20.61
Advances & Declines:
BSE ADVANCES : 1616
BSE DECLINES : 1198
NSE ADVANCES : 817
NSE DECLINES : 556
Nifty Open Interest Changed Today:-
Nifty- 5500 CE(28APR2011)- +74200(+1.87%)
Nifty- 5500 PE(28APR2011)- +693750(+12.83%)
Nifty- 5600 CE(28APR2011)- +409850(+6.77%)
Nifty- 5600 PE(28APR2011)- +182450(+4.47%)
Closing :-
Nifty- closed at 5,565.05(+23.80 Points & +0.43%)
Sensex- closed at 18,584.96(+72.19 Points & +0.39% )
CNX MIDCAP - closed at 8,017.40(+59.20 Points & +0.74%)
BSE SMALL CAP- closed at 8,424.91(+60.95 Points & +0.73%)
FII & DII trading activity in Capital Market Segment on 11-May-2011
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Bank Nifty(May Fut)-Levels & Trading Strategy for 12-05-2011
Bank Nifty(May Fut)-Levels
R3 11308
R2 11199
R1 11119
Avg 11010
S1 10930
S2 10821
S3 10741
Bank Nifty(May Fut)-Trading Strategy
H6 11230 Trgt 2
H5 11186 Trgt 1
H4 11142 Long breakout
H3 11090 Go Short
H2 11073
H1 11056
L1 11021
L2 11004
L3 10987 Long
L4 10935 Short Breakout
L5 10891 Trgt 1
L6 10847 Trgt 2
R3 11308
R2 11199
R1 11119
Avg 11010
S1 10930
S2 10821
S3 10741
Bank Nifty(May Fut)-Trading Strategy
H6 11230 Trgt 2
H5 11186 Trgt 1
H4 11142 Long breakout
H3 11090 Go Short
H2 11073
H1 11056
L1 11021
L2 11004
L3 10987 Long
L4 10935 Short Breakout
L5 10891 Trgt 1
L6 10847 Trgt 2
Pre-closing Outlook(11-05-2011)
Intraday consolidation between 5525-5550 today and expected that nifty will consolidate betwen 5550-5590 tomorrow and moves above 5590 will be seen in the coming sessions.
NIFTY-MAY F&O-1ST BUYING OF 11-05-2011-TRADE
NIFTY(MAY FUT-BUY-POSITIONAL)SL-5524-TGT-5634-CMP-5560
NIFTY(MAY CALL OPTION-BUY-POSITIONAL)SL-5524-TGT-5634-S.P.FOR CALL-5500,5600(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5560
NIFTY(MAY CALL OPTION-BUY-POSITIONAL)SL-5524-TGT-5634-S.P.FOR CALL-5500,5600(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5560
Sandwich Nifty Today
Mid-session Outlook-2(11-05-2011)
Upper Slice- (5560-5590 yesterday Resistance)
Lower Slice- (5515-5532 yesterday Support)
Fried Tomato & Potato between- (5525-5565 Today Predicted Trading Range in Mid-Night today)
Fried Tomato & Potato between- (5525-5561.90 Today Trading Range at 12:15 PM today)
Only breakfast(intraday trading/Options selling) should be enjoyed from Sandwich Nifty and Wait for Lunch/Dinner(Positional trading/Options buying) because it is being cooked between in 5 Star Hotels(5450-5590).
Following lines were told for today markets
in Market Outlook(11-05-2011)
Supports at lower levels and resistances at higher levels therefore market will not move any side and first trade between 5525-5565 tomorrow,much movements not expected and also closing expected within this range. Firstly market will prepare then next moves will be decided according to intraday charts formation in the coming sessions.
Minor support at lower levels and minor resistance also seen at higher levels today.Next moves confirmation levels are as follows;-
1- 5525-5565
2- 5500-5590
3- 5450-5590
Mid-session Outlook(11-05-2011)
Following lines were told in mid-night yesterday in Market Outlook(11-05-2011)
Supports at lower levels and resistances at higher levels therefore market will not move any side and first trade between 5525-5565 tomorrow.
"Trading range today at 11:05AM is:- 5525-5556.85"
As already told many times that Indian markets are range bound and preparing for next big moves and until this process will not complete till then Nifty will trade between 5450-5590 and this range break out will be next big moves confirmations.
Although Indian markets slipped from higher levels today but patterns are suggesting consolidations today. As per my view more preparation is required for any side break out because multiple resistances at higher levels and multiple supports at lower levels as well.
Let market prepare then break out and trending markets will be seen.
Supports at lower levels and resistances at higher levels therefore market will not move any side and first trade between 5525-5565 tomorrow.
"Trading range today at 11:05AM is:- 5525-5556.85"
As already told many times that Indian markets are range bound and preparing for next big moves and until this process will not complete till then Nifty will trade between 5450-5590 and this range break out will be next big moves confirmations.
Although Indian markets slipped from higher levels today but patterns are suggesting consolidations today. As per my view more preparation is required for any side break out because multiple resistances at higher levels and multiple supports at lower levels as well.
Let market prepare then break out and trending markets will be seen.
Market Outlook(11-05-2011)
Detailed Technical Analysis have already been posted in following topics in last 4 days and no change in positions today therefore not being repeated. As last 4 days postd analysis will have impact on today trading also therefore useful links are as follows;-
1- Weekly Outlook(09-05-2011 to 13-05-2011)
As intraday chart analysis is important for tomorrow and coming sessions trading therefore today Intraday chart and 5 days intraday charts analysis are as follows:-
Nifty-Micro Analysis of 5 days Intra Day Charts:-
Nifty-Micro Analysis of today Intra Day Chart(10-05-2011):-
Conclusions from today intraday charts analysis
Nifty traded most time between 5500-5560 in last 4 days and Nifty firstly traded between this range today,immediately broken out and crossed 5560. Nifty traded 4 hours between 5560-5590 but break out was lacking force therefore rally was doubtful and I told 2 times in 2 outlooks and clearly told for confirmation requirements through sustaining above 5592.
As suspected same happened and market slipped sharply after intraday selling betwen 5562-5590. Minor intraday support also seen between 5515-5532 today
Conclusions from 5 days intraday charts analysis
Main features are as follows:-
1- Trading range 5450-5590
2- Most time trading range 5500-5560
3- Multipal Resistances
4- Multipal Supports
5- Rising Channel Formations
Conclusions (After Putting analysis together)
Main features are as follows:-
1- All trends are down
2- 5th wave is still on.
3- Continuation pattern Pennant is still existing and it means rally hopes are alive.
4- Indicators are suggesting short term up moves possibility.
5- Good selling at higher levels therefore market requires complete consolidations
Range bound trading between 5450-5590 in last 5 days and Nifty traded most time between 5500-5560. Multipal Resistances and multipal supports in last 5 days. Supports at lower levels and resistances at higher levels therefore market will not move any side and first trade between 5525-5565 tomorrow,much movements not expected and also closing expected within this range. Firstly market will prepare then next moves will be decided according to intraday charts formation in the coming sessions. next moves confirmation levels are as follows;-
1- 5500-5560
2- 5450-5590
1- Weekly Outlook(09-05-2011 to 13-05-2011)
Nifty-Micro Analysis of 5 days Intra Day Charts:-
Just click on chart for its enlarged view |
Just click on chart for its enlarged view |
Nifty traded most time between 5500-5560 in last 4 days and Nifty firstly traded between this range today,immediately broken out and crossed 5560. Nifty traded 4 hours between 5560-5590 but break out was lacking force therefore rally was doubtful and I told 2 times in 2 outlooks and clearly told for confirmation requirements through sustaining above 5592.
As suspected same happened and market slipped sharply after intraday selling betwen 5562-5590. Minor intraday support also seen between 5515-5532 today
Conclusions from 5 days intraday charts analysis
Main features are as follows:-
1- Trading range 5450-5590
2- Most time trading range 5500-5560
3- Multipal Resistances
4- Multipal Supports
5- Rising Channel Formations
Conclusions (After Putting analysis together)
Main features are as follows:-
1- All trends are down
2- 5th wave is still on.
3- Continuation pattern Pennant is still existing and it means rally hopes are alive.
4- Indicators are suggesting short term up moves possibility.
5- Good selling at higher levels therefore market requires complete consolidations
Range bound trading between 5450-5590 in last 5 days and Nifty traded most time between 5500-5560. Multipal Resistances and multipal supports in last 5 days. Supports at lower levels and resistances at higher levels therefore market will not move any side and first trade between 5525-5565 tomorrow,much movements not expected and also closing expected within this range. Firstly market will prepare then next moves will be decided according to intraday charts formation in the coming sessions. next moves confirmation levels are as follows;-
1- 5500-5560
2- 5450-5590
Indian Stock Markets Closing Reports(10-05-2011)
Main features of today trading are as follows:-
1- Almost all the Indices closed flat.
2- Selling at higher levels.
3- Minor intraday lower levels support
4- Range bound character maintained with closing within last 4 days range.
Ratios:
Nifty Put Call Ratio: 0.89
Nifty P/E Ratio(10-05-2011):20.61
Advances & Declines:
BSE ADVANCES : 1366
BSE DECLINES : 1438
NSE ADVANCES : 648
NSE DECLINES : 744
Nifty Open Interest Changed Today:-
Nifty- 5500 CE(28APR2011)- +627150(+18.75%)
Nifty- 5500 PE(28APR2011)- -299400(-5.20%)
Nifty- 5600 CE(28APR2011)- +1248300(+25.49%)
Nifty- 5600 PE(28APR2011)- +510750(+13.08%)
Closing :-
Nifty- closed at 5,541.25(+/-9.85 Points & -0.18%)
Sensex- closed at 18,512.77(-16.19 Points & -0.09% )
CNX MIDCAP - closed at 7,958.20(+4.45 Points & +0.06%)
BSE SMALL CAP- closed at 8,363.96(+21.16 Points & +0.25%)
1- Almost all the Indices closed flat.
2- Selling at higher levels.
3- Minor intraday lower levels support
4- Range bound character maintained with closing within last 4 days range.
Ratios:
Nifty Put Call Ratio: 0.89
Nifty P/E Ratio(10-05-2011):20.61
Advances & Declines:
BSE ADVANCES : 1366
BSE DECLINES : 1438
NSE ADVANCES : 648
NSE DECLINES : 744
Nifty Open Interest Changed Today:-
Nifty- 5500 CE(28APR2011)- +627150(+18.75%)
Nifty- 5500 PE(28APR2011)- -299400(-5.20%)
Nifty- 5600 CE(28APR2011)- +1248300(+25.49%)
Nifty- 5600 PE(28APR2011)- +510750(+13.08%)
Closing :-
Nifty- closed at 5,541.25(+/-9.85 Points & -0.18%)
Sensex- closed at 18,512.77(-16.19 Points & -0.09% )
CNX MIDCAP - closed at 7,958.20(+4.45 Points & +0.06%)
BSE SMALL CAP- closed at 8,363.96(+21.16 Points & +0.25%)
FII & DII trading activity in Capital Market Segment on 10-May-2011
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Bank Nifty(May Fut)-Levels & Trading Strategy for 11-05-2011
Bank Nifty(May Fut)-Levels
R3 11274
R2 11196
R1 11108
Avg 11030
S1 10942
S2 10864
S3 10776
Bank Nifty(May Fut)-Trading Strategy
H6 11188 Trgt 2
H5 11150 Trgt 1
H4 11112 Long breakout
H3 11066 Go Short
H2 11051
H1 11036
L1 11005
L2 10990
L3 10975 Long
L4 10929 Short Breakout
L5 10891 Trgt 1
L6 10853 Trgt 2
R3 11274
R2 11196
R1 11108
Avg 11030
S1 10942
S2 10864
S3 10776
Bank Nifty(May Fut)-Trading Strategy
H6 11188 Trgt 2
H5 11150 Trgt 1
H4 11112 Long breakout
H3 11066 Go Short
H2 11051
H1 11036
L1 11005
L2 10990
L3 10975 Long
L4 10929 Short Breakout
L5 10891 Trgt 1
L6 10853 Trgt 2
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