Weakness increased after increasing Inflation data today. Today low is at 5402 but moving below 5494 will be more down moves confirmation.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(09-06-2011)
Nifty slipped below 5515 and formed the bottom at 5505 but down moves were without force. and Nifty recovered and again trading at 5520. I told again and again for getting confirmations through sustaing below 5515.
Intraday charts are showing minor base formation between 5505-5515 today also. It is the character of stock markets that it takes its own time in preparation process and it is being done between 5529-5605. We shall continuously understand at each minor move and drawing conclusions also. let 100% confirmation come then will be posted.
Intraday charts are showing minor base formation between 5505-5515 today also. It is the character of stock markets that it takes its own time in preparation process and it is being done between 5529-5605. We shall continuously understand at each minor move and drawing conclusions also. let 100% confirmation come then will be posted.
Post-open Outlook-2(09-06-2011)
Nifty slipped below 5515 and it has to watched that Nifty is sustaining below 5515 or not. Nifty sustaining below 5515 will mean testing possibility of following 2 supports:-
1- 5480
2- 5440
Moves below 5440 will be 1st strong indication of deep down moves. Nifty is trading between 5510-5520 and if Nifty sustains below 5515 today then it will also strong indication of more down moves.
1- 5480
2- 5440
Moves below 5440 will be 1st strong indication of deep down moves. Nifty is trading between 5510-5520 and if Nifty sustains below 5515 today then it will also strong indication of more down moves.
Post-open Outlook(09-06-2011)
Nifty consolidated between 5515-5525 yesterday and trading above and within this trading range since opening today. Market slipped from higher levels and dipping below 5515 will be first weakness indication.
Nifty will Blast above 5605 or Crash Below 5355
Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels.
enjoydailyprofits.blogspot.com always predict before the begining of any decisive moves in Indian stock markets and also always predict before any Business News Channel and will again try to predict first of all that Nifty will blast above 5605 or crash below 5355.
Indian markets are preparing for next moves between 5450-5605 for the last 9 sessions. As intraday charts analysis can tell first of all therefore Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011) has been updated in following topic for understanding next moves in Indian stock markets:-
Technical Analysis,Researches & Market Outlook(09-06-2011)
enjoydailyprofits.blogspot.com always predict before the begining of any decisive moves in Indian stock markets and also always predict before any Business News Channel and will again try to predict first of all that Nifty will blast above 5605 or crash below 5355.
Indian markets are preparing for next moves between 5450-5605 for the last 9 sessions. As intraday charts analysis can tell first of all therefore Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011) has been updated in following topic for understanding next moves in Indian stock markets:-
Technical Analysis,Researches & Market Outlook(09-06-2011)
Technical Analysis,Researches & Market Outlook(09-06-2011)
Technical Analysis,Researches & Market Outlook(09-06-2011)
Nifty-EOD Chart(08-06-2011):-
Main Features
1- Long term trend is down.
2- Intermediate and Short term trends are sideways.
3- Nifty is trading between 5329-5605 for the last 26 sessions.
4- Pennant Continuation pattern formation in on going correction.
5- Nifty retraced on 25-05-2011 from 5329 after Falling Wedge trend reversal pattern formation.
6- Last 26 sessions(5329-5605) are showing preperation of Inverted Head & Shoulders formations and Right Shoulder is under construction.
7- Neckline of Inverse Head & Shoulders is at 5605.
Conclusions
Last 26 sessions range bound market between 5329-5605. Forceful break out or sustaining above 5605 will mean blating rally and sustaining below 5329 will mean deep dipping.
"Million $ question is left to be replied" that how to understand break out side of 5329-5605. As early final conclusions will be drawn so earlier trading positions can be made in that direction. Above mentioned patterns and technical positions are clear but final conclusions can not be drawn only from them. Technical buying and selling positions will be understood from intraday charts and then key levels,points and formations will be understood.
Nifty formed recent bottom at 5329 on 25-05-2011 and up moves started on 26-05-2011.Since then Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels therefore from this date intraday trading positions are shown in following intraday chart:-
Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011)
Main Features
1- Selling between 5545-5604
2- Buying between 5450-5535
3- Buying between 5355-5405
Conclusions
Last 9 sessions most time trading range is 5450-5604 with good resistances at higher levels and strong supports at lower levels also therefore Nifty is not prepared for decisive break out at this moment and expected that Nifty will trade between 5450-5604 in the coming sessions and will prepare for decisive break out.
Conclusions (After Putting All Studies Together)
Following 3 upmoves suggesting patterns in last 26 sessions:-
1- Upmoves begining after Falling Wedge Bullish reversal pattern formations.
2- Upmoves continuation Pennant pattern formations.
3- Inverted Head & Shoulders under constructions.
As above mentioned positive patterns in EOD charts therefore expected that Nifty will finally cross 5605 after some more consolidations between 5450-5604.
Nifty-EOD Chart(08-06-2011):-
 |
| Add caption |
1- Long term trend is down.
2- Intermediate and Short term trends are sideways.
3- Nifty is trading between 5329-5605 for the last 26 sessions.
4- Pennant Continuation pattern formation in on going correction.
5- Nifty retraced on 25-05-2011 from 5329 after Falling Wedge trend reversal pattern formation.
6- Last 26 sessions(5329-5605) are showing preperation of Inverted Head & Shoulders formations and Right Shoulder is under construction.
7- Neckline of Inverse Head & Shoulders is at 5605.
Conclusions
Last 26 sessions range bound market between 5329-5605. Forceful break out or sustaining above 5605 will mean blating rally and sustaining below 5329 will mean deep dipping.
"Million $ question is left to be replied" that how to understand break out side of 5329-5605. As early final conclusions will be drawn so earlier trading positions can be made in that direction. Above mentioned patterns and technical positions are clear but final conclusions can not be drawn only from them. Technical buying and selling positions will be understood from intraday charts and then key levels,points and formations will be understood.
Nifty formed recent bottom at 5329 on 25-05-2011 and up moves started on 26-05-2011.Since then Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels therefore from this date intraday trading positions are shown in following intraday chart:-
Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011)
 |
| Just click on chart for its enlarged view |
1- Selling between 5545-5604
2- Buying between 5450-5535
3- Buying between 5355-5405
Conclusions
Last 9 sessions most time trading range is 5450-5604 with good resistances at higher levels and strong supports at lower levels also therefore Nifty is not prepared for decisive break out at this moment and expected that Nifty will trade between 5450-5604 in the coming sessions and will prepare for decisive break out.
Conclusions (After Putting All Studies Together)
Following 3 upmoves suggesting patterns in last 26 sessions:-
1- Upmoves begining after Falling Wedge Bullish reversal pattern formations.
2- Upmoves continuation Pennant pattern formations.
3- Inverted Head & Shoulders under constructions.
As above mentioned positive patterns in EOD charts therefore expected that Nifty will finally cross 5605 after some more consolidations between 5450-5604.
Nifty-Micro Analysis of Intra Day Chart For 09-06-2011
Nifty-Intra Day Chart(08-06-2011):-
Main Features
1- Selling between 5545-5455
3- Last 2 hours consolidation patterns between 5515-4425
Conclusions
Some selling at higher levels but last 2 hours lower levels consolidations also therefore view will not be bearish despite Red closing today. Trading range of today is 5515-5555 and break out of today range will be only first indication of next trend because good supports below today range and strong resistances above today range also.
Decisive trending moves should be expected after break out of 5459-5605.
 |
| Just click on chart for its enlarged view |
1- Selling between 5545-5455
3- Last 2 hours consolidation patterns between 5515-4425
Conclusions
Some selling at higher levels but last 2 hours lower levels consolidations also therefore view will not be bearish despite Red closing today. Trading range of today is 5515-5555 and break out of today range will be only first indication of next trend because good supports below today range and strong resistances above today range also.
Decisive trending moves should be expected after break out of 5459-5605.
Indian Stock Markets Closing Reports(08-06-2011)
Main features of today trading are as follows
1- Red closing after whole day negative zone trading.
2- Selling at higher levels and buying at lower levels.
3- Range bound quiet market.
Ratios
Nifty Put Call Ratio: .92
Nifty P/E Ratio(08-06-2011): 20.41
Advances & Declines
BSE ADVANCES : 1351
BSE DECLINES : 1470
NSE ADVANCES : 630
NSE DECLINES : 755
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +338100(+8.12%)
Nifty- 5500 PE(Jun)- -96750(-1.40%)
Nifty- 5600 CE(Jun)- +760200(+14.07%)
Nifty- 5600 PE(Jun)- -284850(-8.81%)
Closing
Nifty- closed at 5,526.85(-29.30 Points & -0.53%)
Sensex- closed at 18,394.29(-101.33 Points & -0.55% )
CNX MIDCAP - closed at 8,039.05(-4.20 Points & -0.05%)
BSE SMALL CAP- closed at 8,319.50(+13.13 Points & +0.16%)
1- Red closing after whole day negative zone trading.
2- Selling at higher levels and buying at lower levels.
3- Range bound quiet market.
Ratios
Nifty Put Call Ratio: .92
Nifty P/E Ratio(08-06-2011): 20.41
Advances & Declines
BSE ADVANCES : 1351
BSE DECLINES : 1470
NSE ADVANCES : 630
NSE DECLINES : 755
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +338100(+8.12%)
Nifty- 5500 PE(Jun)- -96750(-1.40%)
Nifty- 5600 CE(Jun)- +760200(+14.07%)
Nifty- 5600 PE(Jun)- -284850(-8.81%)
Closing
Nifty- closed at 5,526.85(-29.30 Points & -0.53%)
Sensex- closed at 18,394.29(-101.33 Points & -0.55% )
CNX MIDCAP - closed at 8,039.05(-4.20 Points & -0.05%)
BSE SMALL CAP- closed at 8,319.50(+13.13 Points & +0.16%)
FII & DII trading activity in Capital Market Segment on 08-Jun-2011
| ||||||||||||||||
| ||||||||||||||||
Nifty Spot-Levels & Trading Strategy for 09-06-2011
Nifty Spot-Levels
R3 5592
R2 5574
R1 5550
Avg 5532
S1 5508
S2 5490
S3 5466
Nifty Spot-Trading Strategy
H6 5568 Trgt 2
H5 5558 Trgt 1
H4 5549 Long breakout
H3 5537 Go Short
H2 5533
H1 5529
L1 5522
L2 5518
L3 5514 Long
L4 5502 Short Breakout
L5 5493 Trgt 1
L6 5483 Trgt 2
R3 5592
R2 5574
R1 5550
Avg 5532
S1 5508
S2 5490
S3 5466
Nifty Spot-Trading Strategy
H6 5568 Trgt 2
H5 5558 Trgt 1
H4 5549 Long breakout
H3 5537 Go Short
H2 5533
H1 5529
L1 5522
L2 5518
L3 5514 Long
L4 5502 Short Breakout
L5 5493 Trgt 1
L6 5483 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 09-06-2011
Nifty(Jun Fut)-Levels
R3 5603
R2 5581
R1 5555
Avg 5533
S1 5507
S2 5485
S3 5459
Nifty(Jun Fut)-Trading Strategy
H6 5577 Trgt 2
H5 5566 Trgt 1
H4 5555 Long breakout
H3 5542 Go Short
H2 5537
H1 5533
L1 5524
L2 5520
L3 5515 Long
L4 5502 Short Breakout
L5 5491 Trgt 1
L6 5480 Trgt 2
R3 5603
R2 5581
R1 5555
Avg 5533
S1 5507
S2 5485
S3 5459
Nifty(Jun Fut)-Trading Strategy
H6 5577 Trgt 2
H5 5566 Trgt 1
H4 5555 Long breakout
H3 5542 Go Short
H2 5537
H1 5533
L1 5524
L2 5520
L3 5515 Long
L4 5502 Short Breakout
L5 5491 Trgt 1
L6 5480 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 09-06-2011
Bank Nifty(Jun Fut)-Levels
R3 11022
R2 10958
R1 10878
Avg 10814
S1 10734
S2 10670
S3 10590
Bank Nifty(Jun Fut)-Trading Strategy
H6 10943 Trgt 2
H5 10910 Trgt 1
H4 10878 Long breakout
H3 10838 Go Short
H2 10825
H1 10812
L1 10785
L2 10772
L3 10759 Long
L4 10719 Short Breakout
L5 10687 Trgt 1
L6 10654 Trgt 2
R3 11022
R2 10958
R1 10878
Avg 10814
S1 10734
S2 10670
S3 10590
Bank Nifty(Jun Fut)-Trading Strategy
H6 10943 Trgt 2
H5 10910 Trgt 1
H4 10878 Long breakout
H3 10838 Go Short
H2 10825
H1 10812
L1 10785
L2 10772
L3 10759 Long
L4 10719 Short Breakout
L5 10687 Trgt 1
L6 10654 Trgt 2
Pre-closing Outlook(08-06-2011)
Nifty traded between 5515-5558 and intraday supports and resistances are as follows:-
1- Selling between 5545-5455
2- Buying between 5515-4425
More immediate resistances above today highs and in the same manner more immediate supports below today
lows. Break out of today range will be first indication and crossing 5459-5604 will be next decisive and trending move confirmation.
Although Indian markets are closing in Red today but last 2 hours lower levels intraday support between 5515-5525 therefore view is not bearish.
1- Selling between 5545-5455
2- Buying between 5515-4425
More immediate resistances above today highs and in the same manner more immediate supports below today
lows. Break out of today range will be first indication and crossing 5459-5604 will be next decisive and trending move confirmation.
Although Indian markets are closing in Red today but last 2 hours lower levels intraday support between 5515-5525 therefore view is not bearish.
Mid-session Outlook(08-06-2011)
Lacklustre quiet market between 5530-5558 in first 3 hours and selling developed between 5548-4458 today. Positions of resistance ranges are as follows:-
1- Previous resistance- 5580-5604
2- Resiistance due to yesterday Last 2 hours mixed patterns between 5550-5570.
3- Selling developed between 5548-5458 today.
Nifty slipped from first support range after intraday selling today and confirmed weakness because today selling is exactly below previous resistances. As three selling ranges at higher levels therefore Nifty require complete complete consolidation for an up move and more down moves below 5500 is also possible.
Next strong support range is 5459-5473 and until Nifty is above it till then on going up trend is safe slipping below 5500 or mentioned strong support range testing possibility can not be ruled out. Although Nifty slipped from higher levels but Indian markets are range bound between 5459-5604 and trending market will be seen after break out of this range.
Expected that nifty will trade between 5459-5558 in the coming 1/2 sessions and break out of this range will be next moves confirmations.
Market is completely range bound therefore each levels and moment has to be watched. Consolidation signals emerged between 5515-5525 in last half hour today therefore this range will be watched first.
1- Previous resistance- 5580-5604
2- Resiistance due to yesterday Last 2 hours mixed patterns between 5550-5570.
3- Selling developed between 5548-5458 today.
Nifty slipped from first support range after intraday selling today and confirmed weakness because today selling is exactly below previous resistances. As three selling ranges at higher levels therefore Nifty require complete complete consolidation for an up move and more down moves below 5500 is also possible.
Next strong support range is 5459-5473 and until Nifty is above it till then on going up trend is safe slipping below 5500 or mentioned strong support range testing possibility can not be ruled out. Although Nifty slipped from higher levels but Indian markets are range bound between 5459-5604 and trending market will be seen after break out of this range.
Expected that nifty will trade between 5459-5558 in the coming 1/2 sessions and break out of this range will be next moves confirmations.
Market is completely range bound therefore each levels and moment has to be watched. Consolidation signals emerged between 5515-5525 in last half hour today therefore this range will be watched first.
Pre-Open Market Outlook(08-06-2011)
Following lines were told in Pre-closing Outlook(07-06-2011) yesterday at 03:05:00 PM:-
1- 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)"
2- 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.
All the Asian markets are weak today morning and mixed trading patterns between 5550-5570 in last 2 hours as well therefore Nifty will open weak below 5550. Indian markets are range bound between 5329-5605 for the last 27 sessions and immediate support,resistance and next moves preperation ranges are as follows:-
1- Next strong support range- 5459-5473
2- Next strong resistance range- 5580-5604
3- Next moves preperation range- 5480-5550
Mentioned above ranges will be watched for next moves preparations and confirmations but expected that Nifty will consolidate between mentioned above ranges and finally decisive rally above 5605 will be seen.
Weak opening and firstly trading between 5480-5550 will be seen. As Asian markets are tanking therefore expected that most of the time Nifty will trade and close in negative zone. Markets are not trending but completely range bound therefore next moves possibility can be understood from:-
1- Through intraday trading patterns preparation
2- Breaking out of crucial range- 5459-5605
Let Nifty prepare between 5480-5550 then final conclusions will be drawn from intraday trading patterns and also will be posted in Mid-session Outlooks.
1- 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)"
2- 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.
All the Asian markets are weak today morning and mixed trading patterns between 5550-5570 in last 2 hours as well therefore Nifty will open weak below 5550. Indian markets are range bound between 5329-5605 for the last 27 sessions and immediate support,resistance and next moves preperation ranges are as follows:-
1- Next strong support range- 5459-5473
2- Next strong resistance range- 5580-5604
3- Next moves preperation range- 5480-5550
Mentioned above ranges will be watched for next moves preparations and confirmations but expected that Nifty will consolidate between mentioned above ranges and finally decisive rally above 5605 will be seen.
Weak opening and firstly trading between 5480-5550 will be seen. As Asian markets are tanking therefore expected that most of the time Nifty will trade and close in negative zone. Markets are not trending but completely range bound therefore next moves possibility can be understood from:-
1- Through intraday trading patterns preparation
2- Breaking out of crucial range- 5459-5605
Let Nifty prepare between 5480-5550 then final conclusions will be drawn from intraday trading patterns and also will be posted in Mid-session Outlooks.
Market Outlook(08-06-2011)
Nifty-Micro Analysis of Intra Day Chart (07-06-2011)
Main Features
1- Consolidation pattern between 5510-5540
2- Last 2 hours mixed patterns between 5550-5570.
Conclusions
Continuous up moves with lower levels good consolidations and mixed patterns between 5550-5570 in last 2 hours today therefore trading between this range or beyond this range will be watched first tomorrow.
Market Outlook(08-06-2011)
Good supports at lower levels and next crucial resistance range is 5580-5604. Nifty traded 2 hours just below it with mixed patterns yesterday. Nifty has already retraced from this range 5 times in last 27 sessions therefore view will remain cautious but it does'not mean that this time Nifty will again retrace from mentioned resistance range.
Although mentioned resistance range will be firstly watched tomorrrow but expected that Nifty will finally consolidate between mentioned resistance range and decisive rally above 5605 will start from within couple of sessions.
For precaution sustaining beyond mentioned resistance range(5580-5604) must be watched first for next moves confirmations.
 |
| Just click on chart for its enlarged view |
1- Consolidation pattern between 5510-5540
2- Last 2 hours mixed patterns between 5550-5570.
Conclusions
Continuous up moves with lower levels good consolidations and mixed patterns between 5550-5570 in last 2 hours today therefore trading between this range or beyond this range will be watched first tomorrow.
Market Outlook(08-06-2011)
Good supports at lower levels and next crucial resistance range is 5580-5604. Nifty traded 2 hours just below it with mixed patterns yesterday. Nifty has already retraced from this range 5 times in last 27 sessions therefore view will remain cautious but it does'not mean that this time Nifty will again retrace from mentioned resistance range.
Although mentioned resistance range will be firstly watched tomorrrow but expected that Nifty will finally consolidate between mentioned resistance range and decisive rally above 5605 will start from within couple of sessions.
For precaution sustaining beyond mentioned resistance range(5580-5604) must be watched first for next moves confirmations.
FII & DII trading activity in Capital Market Segment on 07-Jun-2011
| ||||||||||||||||
| ||||||||||||||||
Indian Stock Markets Closing Reports(07-06-2011)
Main features of today trading are as follows
1- White Candle.
2- Whole day continuous up moves
3- All the Indices closed in Green except CG AND FMCG.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(07-06-2011): 20.52
Advances & Declines
BSE ADVANCES : 1513
BSE DECLINES : 1283
NSE ADVANCES : 808
NSE DECLINES : 578
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +129800(+3.10%)
Nifty- 5500 PE(Jun)- +614300(+9.72%)
Nifty- 5600 CE(Jun)- +183050(+3.42%)
Nifty- 5600 PE(Jun)- +485900(+17.47%)
Closing
Nifty- closed at 5,556.15(+24.10 Points & +0.44%)
Sensex- closed at 18,495.62(+75.51 Points & +0.41% )
CNX MIDCAP - closed at 8,043.25(+51.60 Points & +0.65%)
BSE SMALL CAP- closed at 8,306.37(+53.57 Points & +0.65%)
1- White Candle.
2- Whole day continuous up moves
3- All the Indices closed in Green except CG AND FMCG.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(07-06-2011): 20.52
Advances & Declines
BSE ADVANCES : 1513
BSE DECLINES : 1283
NSE ADVANCES : 808
NSE DECLINES : 578
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +129800(+3.10%)
Nifty- 5500 PE(Jun)- +614300(+9.72%)
Nifty- 5600 CE(Jun)- +183050(+3.42%)
Nifty- 5600 PE(Jun)- +485900(+17.47%)
Closing
Nifty- closed at 5,556.15(+24.10 Points & +0.44%)
Sensex- closed at 18,495.62(+75.51 Points & +0.41% )
CNX MIDCAP - closed at 8,043.25(+51.60 Points & +0.65%)
BSE SMALL CAP- closed at 8,306.37(+53.57 Points & +0.65%)
Nifty Spot-Levels & Trading Strategy for 08-06-2011
Nifty Spot-Levels
R3 5644
R2 5607
R1 5581
Avg 5544
S1 5518
S2 5481
S3 5455
Nifty Spot-Trading Strategy
H6 5619 Trgt 2
H5 5605 Trgt 1
H4 5590 Long breakout
H3 5573 Go Short
H2 5567
H1 5561
L1 5550
L2 5544
L3 5538 Long
L4 5521 Short Breakout
L5 5506 Trgt 1
L6 5492 Trgt 2
R3 5644
R2 5607
R1 5581
Avg 5544
S1 5518
S2 5481
S3 5455
Nifty Spot-Trading Strategy
H6 5619 Trgt 2
H5 5605 Trgt 1
H4 5590 Long breakout
H3 5573 Go Short
H2 5567
H1 5561
L1 5550
L2 5544
L3 5538 Long
L4 5521 Short Breakout
L5 5506 Trgt 1
L6 5492 Trgt 2
Subscribe to:
Posts (Atom)