ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook-2(26-05-2011)
Mid-session Outlook(26-05-2011)
Pull Back rally is being seen today but its possibility has been continuously told in almost all the previous outlooks which were posted in last 2 days and bullish moves technical reasons were also explained in more than 7 previous topics.
Today intra day charts are showing consolidations and move above 5422 will be strong rally confirmation.
NIFTY-MAY F&O-1ST BUYING OF 25-05-2011-COVERING
NIFTY MAY F & O(BOUGHT ON 25-05-2011)-COVER AND BOOK PROFIT IMMEDIATELY(WE SHALL BUY AGAIN BUT FIRST COVER)-CMP-5383
NIFTY-MAY F&O-1ST BUYING OF 25-05-2011-MESSAGE
NIFTY MAY F & O(BOUGHT ON 25-05-2011)-PLEASE DO NOT COVER AT TARGET AND JUST WAIT FOR MY COVERING MESSAGE
Pull Back Rally Possible
Pre-Open Market Outlook(26-05-2011)
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 26-05-2011
2- Nifty-Micro Analysis of Intra Day Chart For 26-05-2011
Conclusions
Indian markets slipped without intraday selling patterns and recent down moves were the impact of melting global markets also therefore Pull Back Rally possibility is strong and may begin any day. Trend reversal pattern of Falling wedge formation in 5th corrective wave therefore correction completion and fresh rally begining is also possible.
As consolidation patterns in the previous 2/3 sessions therefore up moves,Pull Back rally and positive market expected today.
US markets closed with minor gains,Asian markets are positive today morning and sentiment improved therefore positive opening will be seen, Previous sessions consolidations and Bullish trend reversal patterns formations therefore Green closing after whole day positive zone trading expected.
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 26-05-2011
2- Nifty-Micro Analysis of Intra Day Chart For 26-05-2011
Conclusions
Indian markets slipped without intraday selling patterns and recent down moves were the impact of melting global markets also therefore Pull Back Rally possibility is strong and may begin any day. Trend reversal pattern of Falling wedge formation in 5th corrective wave therefore correction completion and fresh rally begining is also possible.
As consolidation patterns in the previous 2/3 sessions therefore up moves,Pull Back rally and positive market expected today.
US markets closed with minor gains,Asian markets are positive today morning and sentiment improved therefore positive opening will be seen, Previous sessions consolidations and Bullish trend reversal patterns formations therefore Green closing after whole day positive zone trading expected.
Technical Analysis of EOD Chart and Research For 26-05-2011
EOD Chart(25-05-2011)
Main Features
1- 5th Corrective Wave is on
2- Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave
3- Next 1st Support at 5348(Nifty closed at 5,348.95 on 25-05-2011)
4- Next 2nd Support at 5232
5- 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 possible because:-
1- Last 16 sessions down moves are without force.
2- 5th corrective wave is on and up moves are very much technically possible after its completion.
3- Trend reversal pattern Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave.
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| Just click on chart for its enlarged view |
1- 5th Corrective Wave is on
2- Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave
3- Next 1st Support at 5348(Nifty closed at 5,348.95 on 25-05-2011)
4- Next 2nd Support at 5232
5- 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 possible because:-
1- Last 16 sessions down moves are without force.
2- 5th corrective wave is on and up moves are very much technically possible after its completion.
3- Trend reversal pattern Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave.
Nifty-Micro Analysis of Intra Day Chart For 26-05-2011
Nifty-Intra Day Chart(25-05-2011):-
Main Features
1- Falling Channel Pattern
2- Water Fall Bullish Pattern
3- Falling Channel Break Out
4- Consolidations between 5330-5340 in last 3 hours
5- Consolidations between 5342-5355
Conclusions
Technically Indian markets are weak but Pull back rally within couple of sessions was expected after yesterday intraday consolidation but Global storm was so heavy today morning that all the Asian markets were down and resultant Indian markets also could not survived at intraday higher levels and slipped in Water Fall Bullish Pattern(Falling Channel Pattern)
Last 3 hours consolidation between 5330-5355 and bounce back will be seen tomorrow.
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| Just click on chart for its enlarged view |
1- Falling Channel Pattern
2- Water Fall Bullish Pattern
3- Falling Channel Break Out
4- Consolidations between 5330-5340 in last 3 hours
5- Consolidations between 5342-5355
Conclusions
Technically Indian markets are weak but Pull back rally within couple of sessions was expected after yesterday intraday consolidation but Global storm was so heavy today morning that all the Asian markets were down and resultant Indian markets also could not survived at intraday higher levels and slipped in Water Fall Bullish Pattern(Falling Channel Pattern)
Last 3 hours consolidation between 5330-5355 and bounce back will be seen tomorrow.
Indian Stock Markets Closing Reports(25-05-2011)
Main features of today trading are as follows
1- All the Indices closed in Red except CD.
2- Weaker global cues led whole day negative zone trading.
3- Black Candle.
4- Last 3 hours lower levels consolidations.
Ratios
Nifty Put Call Ratio: 0.84
Nifty P/E Ratio(24-05-2011): 19.90
Advances & Declines
BSE ADVANCES : 1071
BSE DECLINES : 1690
NSE ADVANCES : 477
NSE DECLINES : 917
Nifty Open Interest Changed Today
Nifty- 5300 CE(26-05-2011)- +1998750(+93.28%)
Nifty- 5300 PE(26-05-2011)- +775950(+9.69%)
Nifty- 5400 CE(26-05-2011)- +786550(+12.01%)
Nifty- 5400 PE(26-05-2011)- -1233800(-20.12%)
Nifty- 5500 CE(26-05-2011)- +128950(+1.77%)
Nifty- 5500 PE(26-05-2011)- -1202600(-31.41%)
Closing
Nifty- closed at 5,348.95(-45.90 Points & -0.85%)
Sensex- closed at 17,838.55(-173.42 Points & -0.96% )
CNX MIDCAP - closed at 7,760.00(-23.80 Points & -0.31%)
BSE SMALL CAP- closed at 6,623.16(-38.06 Points & -0.57%)
1- All the Indices closed in Red except CD.
2- Weaker global cues led whole day negative zone trading.
3- Black Candle.
4- Last 3 hours lower levels consolidations.
Ratios
Nifty Put Call Ratio: 0.84
Nifty P/E Ratio(24-05-2011): 19.90
Advances & Declines
BSE ADVANCES : 1071
BSE DECLINES : 1690
NSE ADVANCES : 477
NSE DECLINES : 917
Nifty Open Interest Changed Today
Nifty- 5300 CE(26-05-2011)- +1998750(+93.28%)
Nifty- 5300 PE(26-05-2011)- +775950(+9.69%)
Nifty- 5400 CE(26-05-2011)- +786550(+12.01%)
Nifty- 5400 PE(26-05-2011)- -1233800(-20.12%)
Nifty- 5500 CE(26-05-2011)- +128950(+1.77%)
Nifty- 5500 PE(26-05-2011)- -1202600(-31.41%)
Closing
Nifty- closed at 5,348.95(-45.90 Points & -0.85%)
Sensex- closed at 17,838.55(-173.42 Points & -0.96% )
CNX MIDCAP - closed at 7,760.00(-23.80 Points & -0.31%)
BSE SMALL CAP- closed at 6,623.16(-38.06 Points & -0.57%)
FII & DII trading activity in Capital Market Segment on 25-May-2011
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Nifty Spot-Levels & Trading Strategy for 26-05-2011
Nifty Spot-Levels
R3 5443
R2 5416
R1 5382
Avg 5355
S1 5321
S2 5294
S3 5260
Nifty Spot-Trading Strategy
H6 5409 Trgt 2
H5 5395 Trgt 1
H4 5381 Long breakout
H3 5364 Go Short
H2 5359
H1 5353
L1 5342
L2 5336
L3 5331 Long
L4 5314 Short Breakout
L5 5300 Trgt 1
L6 5286 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 26-05-2011
Nifty(May Fut)-Levels
R3 5418
R2 5396
R1 5372
Avg 5350
S1 5326
S2 5304
S3 5280
Nifty(May Fut)-Trading Strategy
H6 5395 Trgt 2
H5 5384 Trgt 1
H4 5374 Long breakout
H3 5361 Go Short
H2 5357
H1 5353
L1 5344
L2 5340
L3 5336 Long
L4 5323 Short Breakout
L5 5313 Trgt 1
L6 5302 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 26-05-2011
Bank Nifty(May Fut)-Levels
R3 10507
R2 10473
R1 10418
Avg 10384
S1 10329
S2 10295
S3 10240
Bank Nifty(May Fut)-Trading Strategy
H6 10453 Trgt 2
H5 10433 Trgt 1
H4 10412 Long breakout
H3 10388 Go Short
H2 10380
H1 10372
L1 10355
L2 10347
L3 10339 Long
L4 10315 Short Breakout
L5 10294 Trgt 1
L6 10274 Trgt 2
NIFTY-MAY F&O-1ST BUYING OF 25-05-2011-TRADE
NIFTY(MAY FUT-BUY-POSITIONAL)SL-5324-TGT-5384-CMP-5347
NIFTY(MAY CALL OPTION-BUY-POSITIONAL)SL-5324-TGT-5384-S.P.FOR CALL-5300,5400(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5347
Pre-closing Outlook(25-05-2011)
Whole day down but intra day support seen at lower levels between 5330-5340 in last 3 hours.
Mid-session Outlook-2(25-05-2011)
Almost all the Asian markets were already down and weak Indian markets are pushed down by gap down European markets opening. Global storm is so heavy that next 1st support of 5348 has been broken and next suppot is at 5232. All round weakness and let market bottom out then any upmove will be considered. Continuous down moves today,intraday indicators are in oversold area and showing divergence therefore bounce back possibility can not be ruled out.
Mid-session Outlook(25-05-2011)
Dow's Futures is dipping and trading 100 points down at this moment. As Nifty consolidated between 5367-5422 yesterday therefore did not sustained below 5367 and traded most of the time between given range in first 2 hours with low at 5362.30.
Although consolidation yesterday but Global sentiment is depreseed due to some adverse news from Europe therefore sustaining below 5367-5422 will be watched for next moves confirmations.
Although consolidation yesterday but Global sentiment is depreseed due to some adverse news from Europe therefore sustaining below 5367-5422 will be watched for next moves confirmations.
Post-open Outlook(25-05-2011)
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.
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.
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