As US Futures is trading 75 points down today morning therefore Global sentiment is depressed and all Asian markets are trading in negative zone. Although SGX Nifty was 39 points down but opening was expected between 5367-5422 and Nifty is trading between 5372-5389 since opening today. As US Futures is trading 75 points down therefore sentiment is depressed and sustaining beyond 5367-5422 should be watched first for next moves confirmation.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Pre-open Outlook-2(25-05-2011)
US Futures is trading 75 points down today morning therefore Global sentiment is depressed and all Asian markets are trading in nehative zone.
sustaining beyond 5367-5422 will be watched first for next moves confirmation.
Pre-open Outlook(25-05-2011)
All the Asian markets are in Red therefore negative opening expected. As base formation in 2 previous sessions therefore Pull Back Rally expected in the coming sessions but next moves confirmation required today from break out of 5367-5422.
Just watch sustaining beyond 5367-5422 for next moves confirmation.
Just watch sustaining beyond 5367-5422 for next moves confirmation.
Pull Back Rally on Cards
(25-05-2011)
Technical Analysis and Researches have already been posted in following topics with 2 Charts therefore not being repeated:-
1- Technical Analysis of EOD Chart and Research For 25-05-2011
2- Nifty-Micro Analysis of Intra Day Chart For 25-05-2011
3- Nifty- Correction in Continuation pattern Pennant Formations
Conclusions
All trends are down. Correction started from Diwali 2010 day with formation of 'ABC' and correction has been completed at 5177 and after its completion 4th corrective wave has alsocompleted. 5th impulsive wave and Rising Trend Line of Pennant started after that.
5th wave trend line and Rising line continuation Pennant pattern had been broken down in last 2 sessions but down moves were without force. Last 15 sessions down moves were also without force and trend reversal Falling Wedge(Bullish Pattern) Formation seen in 15 previous sessions also.
Nifty traded whole day between 5367-5422 on 24-05-2011 with intraday consolidation patterns and intraday chart formed 5 Waves of Falling Wedge(Bullish) reversal patterns. Some consolidation indications were also seen between 5375-5400 on 23-05-2011.
Strong indications of base formations between 5367-5422 in 2 previous sessions. Break out of 5367-5422 will be watched for next moves confirmations but sustaining above 5422 and begining of pull back rally expected in the coming couple of sessions.
Nifty-Micro Analysis of Intra Day Chart For 25-05-2011
Nifty-Intra Day Chart(24-05-2011):-
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| Just click on chart for its enlarged view |
1- Whole day intraday consolidations.
2- 5 Waves of Falling Wedge(Bullish Pattern)
3- Trading range- 5367-5422
Conclusions
Nifty traded whole day between 5367-5422 today with intraday consolidation patterns and intraday chart formed 5 Waves of Falling Wedge reversal patterns therefore Pull back rally is possible in the coming sessions.
Technical Analysis of EOD Chart and Research For 25-05-2011
EOD Chart(24-05-2011)
Main Features
1- Falling Wedge(Bullish Pattern) Formations in last 15 sessions.
2- Next 1st Support at 5348
3- Next 2nd Support at 5232
4- Next 3rd Support at 5177
Conclusions
All trends are down. 5th wave trend line and rising line continuation pattern has been broken down but Pull back rally and up moves hopes are still alive because last 15 sessions without force down moves and trend reversal Falling Wedge(Bullish Pattern) Formations in last 15 sessions also.
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| Just click on chart for its enlarged view |
1- Falling Wedge(Bullish Pattern) Formations in last 15 sessions.
2- Next 1st Support at 5348
3- Next 2nd Support at 5232
4- Next 3rd Support at 5177
Conclusions
All trends are down. 5th wave trend line and rising line continuation pattern has been broken down but Pull back rally and up moves hopes are still alive because last 15 sessions without force down moves and trend reversal Falling Wedge(Bullish Pattern) Formations in last 15 sessions also.
Indian Stock Markets Closing Reports(24-05-2011)
Main features of today trading are as follows
1- Most of the Indices closed flat.
2- Range bound quiet market
3- Most of the Indices and pivotal stocks showed consolidation patterns.
Ratios
Nifty Put Call Ratio: 0.80
Nifty P/E Ratio(24-05-2011): 19.90
Advances & Declines
BSE ADVANCES : 1312
BSE DECLINES : 1470
NSE ADVANCES : 641
NSE DECLINES : 759
Nifty Open Interest Changed Today
Nifty- 5300 CE(26-05-2011)- +821800(+60.55%)
Nifty- 5300 PE(26-05-2011)- +1677350(+25.52%)
Nifty- 5400 CE(26-05-2011)- +345950(+5.23%)
Nifty- 5400 PE(26-05-2011)- +480350(+7.43%)
Nifty- 5500 CE(26-05-2011)- -59350(-0.78%)
Nifty- 5500 PE(26-05-2011)- -342200(-8.02%)
Closing
Nifty- closed at 5,394.85(+8.30 Points & +0.15%)
Sensex- closed at 18,011.97(+18.64 Points & +0.10% )
CNX MIDCAP - closed at 7,783.80(+9.65 Points & +0.12%)
BSE SMALL CAP- closed at 8,053.96(-3.06 Points & -0.04%)
1- Most of the Indices closed flat.
2- Range bound quiet market
3- Most of the Indices and pivotal stocks showed consolidation patterns.
Ratios
Nifty Put Call Ratio: 0.80
Nifty P/E Ratio(24-05-2011): 19.90
Advances & Declines
BSE ADVANCES : 1312
BSE DECLINES : 1470
NSE ADVANCES : 641
NSE DECLINES : 759
Nifty Open Interest Changed Today
Nifty- 5300 CE(26-05-2011)- +821800(+60.55%)
Nifty- 5300 PE(26-05-2011)- +1677350(+25.52%)
Nifty- 5400 CE(26-05-2011)- +345950(+5.23%)
Nifty- 5400 PE(26-05-2011)- +480350(+7.43%)
Nifty- 5500 CE(26-05-2011)- -59350(-0.78%)
Nifty- 5500 PE(26-05-2011)- -342200(-8.02%)
Closing
Nifty- closed at 5,394.85(+8.30 Points & +0.15%)
Sensex- closed at 18,011.97(+18.64 Points & +0.10% )
CNX MIDCAP - closed at 7,783.80(+9.65 Points & +0.12%)
BSE SMALL CAP- closed at 8,053.96(-3.06 Points & -0.04%)
Nifty Spot-Levels & Trading Strategy for 25-05-2011
R3 5476
R2 5449
R1 5421
Avg 5394
S1 5366
S2 5339
S3 5311
Nifty Spot-Trading Strategy
H6 5449 Trgt 2
H5 5436 Trgt 1
H4 5424 Long breakout
H3 5409 Go Short
H2 5404
H1 5399
L1 5388
L2 5383
L3 5378 Long
L4 5363 Short Breakout
L5 5351 Trgt 1
L6 5338 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 25-05-2011
R3 5473
R2 5445
R1 5416
Avg 5388
S1 5359
S2 5331
S3 5302
Nifty(May Fut)-Trading Strategy
H6 5444 Trgt 2
H5 5431 Trgt 1
H4 5418 Long breakout
H3 5402 Go Short
H2 5397
H1 5392
L1 5381
L2 5376
L3 5371 Long
L4 5355 Short Breakout
L5 5342 Trgt 1
L6 5329 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 25-05-2011
R3 10713
R2 10617
R1 10522
Avg 10426
S1 10331
S2 10235
S3 10140
Bank Nifty(May Fut)-Trading Strategy
H6 10620 Trgt 2
H5 10576 Trgt 1
H4 10533 Long breakout
H3 10480 Go Short
H2 10463
H1 10445
L1 10410
L2 10392
L3 10375 Long
L4 10322 Short Breakout
L5 10279 Trgt 1
L6 10235 Trgt 2
FII & DII trading activity in Capital Market Segment on 24-May-2011
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Pre-closing Outlook(24-05-2011)
Only trading between 5375-5400 was told and no other projection was given for today market and whole day Nifty hover around this range within 5367-5422 like a romantc youth and also will close within this range.
Following lines were told today in Post-open Outlook(24-05-2011)
First half hour intraday charts did not showed selling patterns today and indications of consolidations patterns also
Today intraday Patterns showed consolidations.
Mid-session Outlook(24-05-2011)
Nifty traded and hovered around 5375-5400 in first 3 hours of today trading. Following lines and this range break out implications have already been told were told in 3 previous outlooks:-
When Dow's Futures was more than 150 points down and Indian markets were trading near day's lows.Sentiment was completely deepressed then bearish views were not expressed and following lines were told in Pre-closing Outlook yesterday:-
"Nifty is trading between 5375-5400 for the last 3 hours and dipping below 4375 will mean begining of deep down and sustaining above 5400 will mean survival of bullush markets hopes."
When US markets were more than 1% down then also bearish views were not expressed and following lines were told in Nifty-Micro Analysis of Intra Day Chart yesterday:-
"As today down moves were the impact of crashing global markets therefore clear selling patterns are required below 5402 for Bearish markets confirmations. Nifty traded last 3 hours between 5375-5400 but patterns are mixed and if Nifty sustains below 5375 tomorrow then deep down will be seen"
Following line was told in Pre-open Outlook today :-
"Sustaining beyond 5375-5400 will be next move decider and will be watched first for next moves confirmations"
When Dow's Futures was more than 150 points down and Indian markets were trading near day's lows.Sentiment was completely deepressed then bearish views were not expressed and following lines were told in Pre-closing Outlook yesterday:-
"Nifty is trading between 5375-5400 for the last 3 hours and dipping below 4375 will mean begining of deep down and sustaining above 5400 will mean survival of bullush markets hopes."
When US markets were more than 1% down then also bearish views were not expressed and following lines were told in Nifty-Micro Analysis of Intra Day Chart yesterday:-
"As today down moves were the impact of crashing global markets therefore clear selling patterns are required below 5402 for Bearish markets confirmations. Nifty traded last 3 hours between 5375-5400 but patterns are mixed and if Nifty sustains below 5375 tomorrow then deep down will be seen"
Following line was told in Pre-open Outlook today :-
"Sustaining beyond 5375-5400 will be next move decider and will be watched first for next moves confirmations"
Post-open Outlook(24-05-2011)
Nifty traded with mixed intraday patterns between 5375-5400 for the last 3 hours yesterday and in previous 3 outlooks watching of this range and implications of this range was told. Nifty traded most of the time within mentioned range since opening today. First half hour intraday charts did not showed selling patterns today and indications of consolidations patterns also therefore 5375-5418 will be watched for next moves confirmations.
Pre-open Outlook(24-05-2011)
Technical Positions and next possibilities have already been posted in following topic with 7 charts yesterday therefore not repeated today:-
1-Nifty-Micro Analysis of Intra Day Chart(23-05-2011)
2-Weekly Outlook(May 23 to May 27,2011)
US markets closed more then 1% down yesterday but Asian markets are almost flat therefore sentiment is quiet and Indian markets opening will be almost flat.
All trends are down and all the technical indicators are suggesting Bearish markets. Last confirmation point is sustaining below 5444. Nifty traded whole day below it yesterday and also moved bolow strong support(5402).
As yesterday down moves were the impact of crashing global markets therefore clear selling patterns are required below 5402 for Bearish markets confirmations. Nifty traded last 3 hours between 5375-5400 yesterday but patterns were mixed and if Nifty sustains below 5375 today then it will be bear market confirmation and in that situation Indian markets will be deep down. Sustaining above 5400 will mean alive of Bullish markets expectations and crossing 5444 will be sigh of releaf of Bulls.
Sustaining beyond 5375-5400 will be next move decider and will be watched first for next moves confirmations.
1-Nifty-Micro Analysis of Intra Day Chart(23-05-2011)
2-Weekly Outlook(May 23 to May 27,2011)
US markets closed more then 1% down yesterday but Asian markets are almost flat therefore sentiment is quiet and Indian markets opening will be almost flat.
All trends are down and all the technical indicators are suggesting Bearish markets. Last confirmation point is sustaining below 5444. Nifty traded whole day below it yesterday and also moved bolow strong support(5402).
As yesterday down moves were the impact of crashing global markets therefore clear selling patterns are required below 5402 for Bearish markets confirmations. Nifty traded last 3 hours between 5375-5400 yesterday but patterns were mixed and if Nifty sustains below 5375 today then it will be bear market confirmation and in that situation Indian markets will be deep down. Sustaining above 5400 will mean alive of Bullish markets expectations and crossing 5444 will be sigh of releaf of Bulls.
Sustaining beyond 5375-5400 will be next move decider and will be watched first for next moves confirmations.
Nifty-Micro Analysis of Intra Day Chart(23-05-2011)
Nifty- Intra Day Chart(23-05-2011):-
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| Just click on chart for its enlarged view |
1- Selling between 5418-5436
2- Last 3 hours mixed patterns between 5375-5400
Conclusions
All trends are down and all the technical indicators are suggesting Bearish markets. Last confirmation point is sustaining below 5444. Nifty traded whole day below it and also moved bolow strong support(5402).
As today down moves were the impact of crashing global markets therefore clear selling patterns are required below 5402 for Bearish markets confirmations. Nifty traded last 3 hours between 5375-5400 but patterns are mixed and if Nifty sustains below 5375 tomorrow then deep down will be seen.
FII & DII trading activity in Capital Market Segment on 23-May-2011
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Indian Stock Markets Closing Reports(23-05-2011)
Main features of today trading are as follows
1- Global cues led deep Red closing today.
2- Nifty traded more than 3 hours below 5400.
3- All the Indices closed in Red except FMCG and CD.
Ratios
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(20-05-2011): 20.34
Advances & Declines
BSE ADVANCES : 813
BSE DECLINES : 1976
NSE ADVANCES : 252
NSE DECLINES : 41
Nifty Open Interest Changed Today
Nifty- 5300 CE(26-05-2011)- +1096650(+442.73%)
Nifty- 5300 PE(26-05-2011)- +595250(+9.80%)
Nifty- 5400 CE(26-05-2011)- +2919000(+76.16%)
Nifty- 5400 PE(26-05-2011)- -1014600(-12.74%)
Nifty- 5500 CE(26-05-2011)- +1030400(+15.64%)
Nifty- 5500 PE(26-05-2011)- -1167050(-20.86%)
Closing
Nifty- closed at 5,386.55(-99.80 Points & -1.82%%)
Sensex- closed at 17,993.33(-332.76 Points & -1.82% )
CNX MIDCAP - closed at 7,774.15 (-99.00 Points & -1.26%)
BSE SMALL CAP- closed at 8,057.02(-128.16 Points & -1.57%)
Nifty Spot-Levels & Trading Strategy for 24-05-2011
R3 5520
R2 5488
R1 5437
Avg 5405
S1 5354
S2 5322
S3 5271
Nifty Spot-Trading Strategy
H6 5469 Trgt 2
H5 5450 Trgt 1
H4 5431 Long breakout
H3 5408 Go Short
H2 5401
H1 5393
L1 5378
L2 5370
L3 5363 Long
L4 5340 Short Breakout
L5 5321 Trgt 1
L6 5302 Trgt 2
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