Nifty(Jun Fut)-Levels & Trading Strategy for 08-06-2011

Nifty(Jun Fut)-Levels

R3 5659
R2 5618
R1 5590
Avg 5549
S1 5521
S2 5480
S3 5452

Nifty(Jun Fut)-Trading Strategy

H6 5631     Trgt 2
H5 5615     Trgt 1
H4 5599    Long breakout
H3 5580     Go Short
H2 5574
H1 5568
L1 5555
L2 5549
L3 5543     Long
L4 5524     Short Breakout
L5 5508     Trgt 1
L6 5492     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 08-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11115
R2 11020
R1 10950
Avg 10855
S1 10785
S2 10690
S3 10620

Bank Nifty(Jun Fut)-Trading Strategy

H6 11046   Trgt 2
H5 11008   Trgt 1
H4 10970   Long breakout
H3 10925   Go Short
H2 10910
H1 10895
L1 10864
L2 10849
L3 10834    Long
L4 10789    Short Breakout
L5 10751    Trgt 1
L6 10713    Trgt 2

Pre-closing Outlook(07-06-2011)

Indian markets are positive today and last 2 sessions outlooks are live proof of this fact that up moves possibility was told more than 10 times and down moves were never told.

Next and crucial resistance range is 5580-5604 and Nifty is trading just below it. Nifty has retraced from this range 5 times in last 26 sessions therefore view will remain cautious but it does'not mean that this time Nifty will again retrace from mentioned range.

Although Indian markets are moving up since opening but lacking force therefore Nifty require more consolidations for sustaining above today last 2 hours trading range(5550-5570) and next resistance range(5580-5604).

Nifty is not prepared for breaking out 5604 and will trade and prepare for next moves below 5580 some more time. As patterns are mixed therefore  trading between 5550-5570 will the watched today and in the coming sessions for next moves confirmations.

Mid-session Outlook(07-06-2011)

Following lines were told yesterday in Nifty-Micro Analysis of Intra Day Chart For 07-06-2011:-

1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.
3- Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.

Consolidation higher level was told at 5510 and Nifty is trading above it since opening today. Mixed patterns were told near 5535 and Nifty is trading near 5535 for the last 2 hours and preparing for next moves.

Expected that Nifty will finally move above 5540.

Post-open Outlook-2(07-06-2011)

Nifty traded last 45 minutes between 5530-5540 with intraday mixed trading patterns and Nifty is trading between this range for the last half hour today. Nifty sustaining beyond this range will be strong indication of next moves and today market preparations(Buying or Selling)

Post-open Outlook(07-06-2011)

Opening in Red but not weak today morning. Following line was told yesterday in Nifty-Micro Analysis of Intra Day Chart For 07-06-2011:-

"Good consolidations between 5480-5510"

Nifty is trading above this range and sustaining above this range today will be up move confirmation.

Good lower levels consolidations yesterday and follow up buying today pave the way of next resistance range(5580-5604) testing and it is expected also.

Pre-open Outlook(07-06-2011)

Asian markets are down after weaker US cues therefore sentiment is weak and and Indian markets will open weak. Nifty will trade between yesterday range and prepare for next moves. Buying at lower levels and mixed patterns at higher levels yesterday therefore Indian markets have to prepare for any side moves and it will be done near 5500 first.

Sustaining beyond yesterday range(5480-5542) will give confirmation that:-

"Last Friday started correction from 5604 is continued or finished"

Let Indian markets prepare then will be decided from intraday charts formations and will be posted accordingly.

Market Outlook(07-06-2011)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topicS with 2 Charts therefore not being repeated:-

1- Nifty-Micro Analysis of Intra Day Chart For 07-06-2011

2- Nifty-Micro Analysis of 5 days Intra Day Chart For 06-06-2011

3- Why Range of 5459-5473 is strong Support?

4-Most Bullish Pattern formation Indications

Conclusions (After Putting All Studies Together)

Long term trend is down. Intermediate term and short term trends are sideways. All the trends will be up above 5605. Nifty is trading between 5329-5605 for the last 26 sessions with Inverted Head and Shoulders(Bullish) formations,Neckline is at 5605 and above it all the trends will also be up therefore blasting rally will be seen above 5605.

Next Resistance and Supports are as follows

1- Next Resistance between 5580-5604
2- Next Support,base formation and consolidation between 5459-5520.

Expected next trading range is 5500-5570 and Nifty will prepare for next moves within it. As support and base formations at lower levels therefore follow up buying today will mean testing of above mentioned range and its possibility is strong. Next decisive moves confirmation range is 5459-5605.

Nifty-Micro Analysis of Intra Day Chart For 07-06-2011

Nifty-Intra Day Chart(06-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.

Conclusions

Nifty consolidated and got last 3 Hours support between 5510-5535 last Friday and also Nifty crossed this range today. Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.

Nifty suatining beyond 5535 tomorrow will decide that last Friday started correction from 5604 is continued or finished.

Indian Stock Markets Closing Reports(06-06-2011)

Main features of today trading are as follows

1- Weak opening and positive closing.
2- White Candle.
3- Good support at lower levels in all the Indices.

Ratios

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(06-06-2011): 20.43

Advances & Declines

BSE ADVANCES : 1296
BSE DECLINES : 1508
NSE ADVANCES :  561
NSE DECLINES :  830

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- +305550(+7.71%)
Nifty- 5500 PE(Jun)- +832750(+14.68%)

Nifty- 5600 CE(Jun)- -271150(-4.77%)
Nifty- 5600 PE(Jun)- +165800(+6.27%)

Closing

Nifty- closed at 5,532.05(+15.30 Points & +0.28%)
Sensex- closed at 18,420.11(+43.63 Points & +0.24% )
CNX MIDCAP - closed at 7,991.65(-1.30 Points &-0.02%)
BSE SMALL CAP- closed at 8,252.80(+14.11 Points & +0.17%)

FII Trading Data in Derivatives Segment on 06-Jun-2011

FII & DII trading activity in Capital Market Segment on 06-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Jun-2011 1589.1 1790.88 -201.78

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Jun-2011 720.73 535.74 184.99

Nifty Spot-Levels & Trading Strategy for 07-06-2011

Nifty Spot-Levels

R3 5619
R2 5580
R1 5556
Avg 5517
S1 5493
S2 5454
S3 5430

Nifty Spot-Trading Strategy

H6 5595     Trgt 2
H5 5581     Trgt 1
H4 5566     Long breakout
H3 5549     Go Short
H2 5543
H1 5537
L1 5526
L2 5520
L3 5514     Long
L4 5497     Short Breakout
L5 5482     Trgt 1
L6 5468    Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 07-06-2011

Nifty(Jun Fut)-Levels

R3 5632
R2 5589
R1 5561
Avg 5518
S1 5490
S2 5447
S3 5419

Nifty(Jun Fut)-Trading Strategy

H6 5605     Trgt 2
H5 5589     Trgt 1
H4 5573     Long breakout
H3 5553     Go Short
H2 5547
H1 5540
L1 5527
L2 5520
L3 5514     Long
L4 5494    Short Breakout
L5 5478     Trgt 1
L6 5462    Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 07-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11122
R2 10991
R1 10911
Avg 10780
S1 10700
S2 10569
S3 10489

Bank Nifty(Jun Fut)-Trading Strategy

H6 11045     Trgt 2
H5 10996     Trgt 1
H4 10947     Long breakout
H3 10889     Go Short
H2 10869
H1 10850
L1 10811
L2 10792
L3 10772    Long
L4 10714     Short Breakout
L5 10665     Trgt 1
L6 10616     Trgt 2

Pre-closing Outlook(06-06-2011)

As soon as Nifty got support between 5480-5495 then it was informed in Mid-session Outlook-2 today.

When Nifty was trading below 5535 and then following line was told:-

"Nifty crossing 5535 will mean strong rally after strong base formations at lower levels today".

Nifty is hovering around 5535 for the last 45 minutes and suatining beyond this level will decide that correction is on or off.

Mid-session Outlook-3(06-06-2011)

It was clearly told in all the today outlooks that today down moves are only due to weaker global cues and nervousness due to Baba Ramdev big jolt to Centre Government. Supports were posted for watching and Nifty got support above mentioned key levels today.

Nifty consolidated and got last 3 Hours support between 5510-5535 and Nifty is trading between this range at this moment. As today down below this range was due to adverse news flow and Nifty is trading between this range after getting good support below it therefore Nifty crossing 5535 will mean strong rally after strong base formations at lower levels today.

I was never bearish and expecting high possibility of crossing 5535.

Mid-session Outlook-2(06-06-2011)

When Indian markets were near today's lowest levels then bearish views were not posted and clearly told that today down moves are due to sentiment weakness. Today down moves reasons were explained and also following line was clearly told in Mid-session Outlook:-

"view will be bearish after sustaining below 5459 only" 

Today intraday support range is 5480-5495 and follow up buying in the coming hours will be first strong indication of down move stopping. As good support ai 5480 therefore:-

"down moves will be considered after sustaining below 5480 only" 

Mid-session Outlook(06-06-2011)

Nifty slipped below 5500 Supreme Court notice news to Union Govt. on forceful eviction of Saint Ramdev and followers from Ram Lila Ground. Sentiment is depressed after weaker global markets and Baba Ramdev big jolt to Centre Government.

Nifty has moved below 38.2% retracement level(5494) and next retracement levels are as follows:-

50.0%- 5463
61.8%- 5431

Market is slipping after adverse news flow,let down move stopping confirmation come then up moves should be considered and 5459-5473 is strong support and Nifty slipping below 5459 will be strong indication of deep down markets therefore 5459 should be taken as weakness confirmation level.

Unrest,Agitations and Satyagraha today therefore sentiment is depressed and Indian markets slipped below 5500 today but sustaining below 5459 will be down moves confirmation and view will be bearish after sustaining below 5459 only. 

News based sentimental weakness today and confirmation will be after sustaining beyond above mentioned levels only.

Pre-open Outlook(06-06-2011)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Charts,Technical Positions,next possibilities have already been explained in following topicS with Charts therefore not being repeated:-

1- Nifty-Micro Analysis of Intra Day Chart For 06-06-2011

2- Nifty-Micro Analysis of 5 days Intra Day Chart For 06-06-2011

3- Why Range of 5459-5473 is strong Support?

4-Most Bullish Pattern formation Indications

Long term trend is still down and Nifty faced resistance at 5605 in previous week.Pull Back Rally stopped exactly near Neck Line(5605) and retraced 2 times in previous week. Immediate supports and resistances are as follows:-

1- Support,base formation and consolidation between 5459-5473 on 30-05-2011
2- Support between 5500-5540
3- Resistance between 5555-5600

Nifty will first prepare for next moves between 5459-5605 in this week and sustaining beyond this range will give confirmation to next trends.

Global cues are weak today morning therefore Indian markets will open weak and  first trade between first support range(5500-5540). Until Nifty is above 5459 till then 26-05-2011 started rally is safe. Expected that Nifty will first hover around 5500 after weak opening and sustaining beyond 5500 will be next moves first indication.

Possibilities have been discussed and expected that Nifty will trade in first trade in negative zone after weak opening and prepare for next moves.Let Market prepare for next moves then will be decided according to intraday charts formations and will be posted in Mid-sessions Outlooks.

Proofs of 100% Accurate Predictions

Rally started on 26-05 2011 and it was predicted 3 Times one day before

1- In Nifty-Micro Analysis of Intra Day Chart For 26-05-2011 on 5/25/2011 and following line was told:-

"bounce back will be seen tomorrow"

2- In Technical Analysis of EOD Chart and Research For 26-05-2011 at 12:21:00 AM on  5/26/2011 and following line was told:-

"Pull back rally and up moves hopes are possible"

3- In Pull Back Rally Possible at 07:51:00 AM on 5/26/2011 and following lines were told:-

"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"

Up move again started on 31-05 2011 and it was also predicted one day before

1- In Nifty-Micro Analysis of Intra Day Chart For 31-05-2011 at 06:04:00 PM on 5/30/2011 and following line was told:-

"upmoves with continuous consolidations possibility is high"