ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 16-May-2011
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Pre-closing Outlook(16-05-2011)
Nifty traded first 4 hours between 5510-5550 and last 2 hours below 5510. Although markets slipeed from day's highs and trading near today lows but intraday patterns are mixed today and showing consolidations indications also despite Red closing. It will be better to wait for tomorrow market and sustaining beyond 5500 for next moves first indication.
Mid-session Outlook(16-05-2011)
Nifty again slipped below 5510 and if sustains then will be down moves confirmations.
Mid-session Outlook(16-05-2011)
Following 2 proections were given in Pre-open Outlook for today market,as applicable after 4 hours trading also therefore repeating:-
1- "first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range"
2- "sustaining beyond this range will be first indication of next Indian markets direction"
Although Nifty slipped but did not sustained and immediately backed into mentioned trading range. Intraday support indications at lower levels and more preparation is required for up moves. Sustaining above 5540 will be next upmoves confirmation.
1- "first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range"
2- "sustaining beyond this range will be first indication of next Indian markets direction"
Although Nifty slipped but did not sustained and immediately backed into mentioned trading range. Intraday support indications at lower levels and more preparation is required for up moves. Sustaining above 5540 will be next upmoves confirmation.
Post-open Outlook(16-05-2011)
Following lines was told today in Pre-open Outlook
"negative opening and first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range and sustaining beyond this range will be first indication of next Indian markets direction"
Today first hour trading range is 5509.60-5541.80 and sustaining beyond this range will be result of preperation for next moves within this range. Resistances above this range and supports below this range as well. Let market prepare within this range and then confirmation will be from break out and sustaining beyond today 1st hour mentioned range.
"negative opening and first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range and sustaining beyond this range will be first indication of next Indian markets direction"
Today first hour trading range is 5509.60-5541.80 and sustaining beyond this range will be result of preperation for next moves within this range. Resistances above this range and supports below this range as well. Let market prepare within this range and then confirmation will be from break out and sustaining beyond today 1st hour mentioned range.
Pre-open Outlook(16-05-2011)
Global cues are weak and sentiment is depressed therefore negative opening and first trading range will be 5510-5550 and expected that Nifty will prepare for next moves within this range and sustaining beyond this range will be first indication of next Indian markets direction.
Weekly Outlook(16-05-2011 to 20-05-2011)
6 Months correction and Pennant pattern Chart:-
All trends are down and Nifty is trading below 200 Day EMA for the last 8 sessions between 5444-5605. As nifty sustained below 200 Day EMA therefore Long term trend also turned down but it has to be decided that Indian markets have moved into bearish phase or not and following points have to be considered also for the confirmation of bearish phase:-
1- Wave-4 has completed'ABC' correction.
2- Continuation Pattern Pennant Formations in last 6 months. As Pennant is continuation pattern and on going trend is upward therefore it should remain continued according to the impact of continuation pattern formations.
3- Wave-5 is on and Rising Trend Line of Pennant is Wave-5 Trend line.
4- Nifty is trading exactly at Rising Trend Line of Pennant/Wave-5 Trend line for the last 8 sessions between 5442-5605.
Conclusions (After Putting All Studies Together)
Nifty-Micro Analysis of Intra Day Chart(13-05-2011)
Nifty traded and covered almost whole of the last 8 sessions trading range and traded between 5472-5605 on 13-05-2011,Main features of are as follows:-
1- Support exists between 5450-5475 exactly below the trading range of 13-05-2011
2- Intraday Support between 5475-5495 on 13-05-2011
3- Intraday Support between 5542-5562 on 13-05-2011
4- Intraday Resistance between 5590-5605 on 13-05-2011
5- Intraday Support between 5530-5545 on 13-05-2011
Next Trend Deciding 8 Sessions Range(04-05-2011-13-05-2011) Chart:-
Nifty traded between 5444-5605 in last 8 sessions,this range break out and sustaining beyond will decide that Indian markets have moved into Bearish phase or Bullish markets hopes are alive. Sustining below 5444 will be confirmation of Bear phase and deeper lower levels possibility. Sustaining above 5605 will mean revival of Bullish markets hopes,its confirmation points will be discussed after sustaining above 5605.
As Petroleum rates hike and weak US markets last Friday therefore weak weekly opening and firstly trading between 5444-5605 expected and above mentioned supports may be tested but final weekly view should be formed from sustaining beyond 5444-5605. Weak sentiment and negative zone trading expected in the begining of week but supports also at lower levels therefore fresh selling patterns are must for any move below 5444. As 5th wave trend line and Rising Trend Line of Pennant are still intact therefore up moves hopes are alive and next views will be formed from coming couple of sessions intraday charts patterns and 8 days range break out.
Until Nifty is Range bound till then Stop Loss should remain beyond range with targets within range and directional trades should be initiated after range break out confirmations.
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| Just click on chart for its enlarged view |
1- Wave-4 has completed'ABC' correction.
2- Continuation Pattern Pennant Formations in last 6 months. As Pennant is continuation pattern and on going trend is upward therefore it should remain continued according to the impact of continuation pattern formations.
3- Wave-5 is on and Rising Trend Line of Pennant is Wave-5 Trend line.
4- Nifty is trading exactly at Rising Trend Line of Pennant/Wave-5 Trend line for the last 8 sessions between 5442-5605.
Conclusions (After Putting All Studies Together)
Nifty-Micro Analysis of Intra Day Chart(13-05-2011)
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| Just click on chart for its enlarged view |
1- Support exists between 5450-5475 exactly below the trading range of 13-05-2011
2- Intraday Support between 5475-5495 on 13-05-2011
3- Intraday Support between 5542-5562 on 13-05-2011
4- Intraday Resistance between 5590-5605 on 13-05-2011
5- Intraday Support between 5530-5545 on 13-05-2011
Next Trend Deciding 8 Sessions Range(04-05-2011-13-05-2011) Chart:-
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| Just click on chart for its enlarged view |
As Petroleum rates hike and weak US markets last Friday therefore weak weekly opening and firstly trading between 5444-5605 expected and above mentioned supports may be tested but final weekly view should be formed from sustaining beyond 5444-5605. Weak sentiment and negative zone trading expected in the begining of week but supports also at lower levels therefore fresh selling patterns are must for any move below 5444. As 5th wave trend line and Rising Trend Line of Pennant are still intact therefore up moves hopes are alive and next views will be formed from coming couple of sessions intraday charts patterns and 8 days range break out.
Until Nifty is Range bound till then Stop Loss should remain beyond range with targets within range and directional trades should be initiated after range break out confirmations.
FII & DII trading activity in Capital Market Segment on 13-May-2011
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Nifty Spot-Levels & Trading Strategy for 16-05-2011
R3 5741
R2 5673
R1 5608
Avg 5540
S1 5475
S2 5407
S3 5342
Nifty Spot-Trading Strategy
H6 5678 Trgt 2
H5 5647 Trgt 1
H4 5617 Long breakout
H3 5580 Go Short
H2 5568
H1 5556
L1 5531
L2 5519
L3 5507 Long
L4 5470 Short Breakout
L5 5440 Trgt 1
L6 5409 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 16-05-2011
R3 5788
R2 5705
R1 5631
Avg 5548
S1 5474
S2 5391
S3 5317
Nifty(May Fut)-Trading Strategy
H6 5717 Trgt 2
H5 5681 Trgt 1
H4 5644 Long breakout
H3 5601 Go Short
H2 5586
H1 5572
L1 5543
L2 5529
L3 5514 Long
L4 5471 Short Breakout
L5 5434 Trgt 1
L6 5398 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 16-05-2011
R3 11610
R2 11406
R1 11219
Avg 11015
S1 10828
S2 10624
S3 10437
Bank Nifty(May Fut)-Trading Strategy
H6 11430 Trgt 2
H5 11339 Trgt 1
H4 11247 Long breakout
H3 11139 Go Short
H2 11103
H1 11067
L1 10996
L2 10960
L3 10924 Long
L4 10816 Short Breakout
L5 10725 Trgt 1
L6 10633 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(16-05 to 20-05-2011)
R3 5741
R2 5673
R1 5608
Avg 5540
S1 5475
S2 5407
S3 5342
Nifty Spot-Weekly Trading Strategy
H6 5678 Trgt 2
H5 5647 Trgt 1
H4 5617 Long breakout
H3 5580 Go Short
H2 5568
H1 5556
L1 5531
L2 5519
L3 5507 Long
L4 5470 Short Breakout
L5 5440 Trgt 1
L6 5409 Trgt 2
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2- Blogger is currently unavailable. We apologise for this interruption in service.\
3- To get Blogger back to normal, all posts since 7:37am PDT on Weds, 5/11 have been temporarily removed. We expect everything to be back to normal soon. Sorry for the delay.
4- Friday, May 13, 2011
We’ve started restoring the posts that were temporarily removed and expect Blogger to be back to normal soon.
Now Blogger is back to normal but many posts have been removed and not restored yet.
All the routine postings will be posted as usual.
Indian Stock Markets Closing Reports(12-05-2011)
Main features of today trading are as follows:-
1- Weaker glbal cues led weak markets.
2- All the main Indices closed 1% down
3- Long Black Candle
4- Nifty closed below psychological level of 5500
5- Good IIP days but market slipped after its announcement.
Ratios:
Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(12-05-2011): 20.40
Advances & Declines:
BSE ADVANCES : 909
BSE DECLINES : 1893
NSE ADVANCES : 394
NSE DECLINES : 1016
Nifty Open Interest Changed Today:-
Nifty- 5400 CE(26-05-2011)- +160750(+9.71%)
Nifty- 5400 PE(26-05-2011)- +889750(+13.63%)
Nifty- 5500 CE(26-05-2011)- +1932550(+48.46%)
Nifty- 5500 PE(26-05-2011)- +83450(+1.40%)
Nifty- 5600 CE(26-05-20111)- 1033950(+16.24%)
Nifty- 5600 PE(26-05-2011)- -509250(-12.75%)
Closing :-
Nifty- closed at 5,486.15(-78.90 Points & -1.42%)
Sensex- closed at 18,335.79(-249.17 Points & -1.34% )
CNX MIDCAP - closed at 7,941.05(-76.35 Points & -0.95%)
BSE SMALL CAP- closed at 8,335.43(-89.48 Points & -1.06%)
1- Weaker glbal cues led weak markets.
2- All the main Indices closed 1% down
3- Long Black Candle
4- Nifty closed below psychological level of 5500
5- Good IIP days but market slipped after its announcement.
Ratios:
Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(12-05-2011): 20.40
Advances & Declines:
BSE ADVANCES : 909
BSE DECLINES : 1893
NSE ADVANCES : 394
NSE DECLINES : 1016
Nifty Open Interest Changed Today:-
Nifty- 5400 CE(26-05-2011)- +160750(+9.71%)
Nifty- 5400 PE(26-05-2011)- +889750(+13.63%)
Nifty- 5500 CE(26-05-2011)- +1932550(+48.46%)
Nifty- 5500 PE(26-05-2011)- +83450(+1.40%)
Nifty- 5600 CE(26-05-20111)- 1033950(+16.24%)
Nifty- 5600 PE(26-05-2011)- -509250(-12.75%)
Closing :-
Nifty- closed at 5,486.15(-78.90 Points & -1.42%)
Sensex- closed at 18,335.79(-249.17 Points & -1.34% )
CNX MIDCAP - closed at 7,941.05(-76.35 Points & -0.95%)
BSE SMALL CAP- closed at 8,335.43(-89.48 Points & -1.06%)
Nifty Spot-Levels & Trading Strategy for 13-05-2011
R3 5642
R2 5607
R1 5546
Avg 5511
S1 5450
S2 5415
S3 5354
Nifty Spot-Trading Strategy
H6 5582 Trgt 2
H5 5560 Trgt 1
H4 5538 Long breakout
H3 5512 Go Short
H2 5503
H1 5494
L1 5477
L2 5468
L3 5459 Long
L4 5433 Short Breakout
L5 5411 Trgt 1
L6 5389 Trgt 2
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;-
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| 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.
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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;-
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