Nifty-Micro Analysis of Intra Day Chart For 13-06-2011

Nifty-Intra Day Chart(10-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Selling between 5495-5515
2- Buying patterns between 5482-5492
3- Consolidations between 5460-5480

Conclusions

Indian markets slipped after higher levels selling between 5495-5515 but buying patterns seen between 5482-5492 and consolidations seen between 5460-5480. Market moved up after consolidation between  5460-5480 and closed between above mentioned buying patterns range at 5485.

Nifty tested 10 days lows and got intraday support between crucial support range(5460-5480) today and recovered also with intraday consolidation patterns therefore technically crucial support range(5460-5480) is not broken and still maintained its validity. 

US markets are more than 1.25% down at this moment and if US markets closes in deep Red today then its impact will be seen on Monday Asian markets. Firstly US markets closing will be seen and its impacts on Indian markets will be understood and discussed in the next 2 days outlooks.

FII Trading Data in Derivatives Segment on 10-Jun-2011

Indian Stock Markets Closing Reports(10-06-2011)

Main features of today trading are as follows

1- Negative Global cues led weak market and Red closing
2- All the Indices closed in Red except CD.
3- Selling at higher levels and buying at lower levels.

Ratios

Nifty Put Call Ratio: 0.84
Nifty P/E Ratio(10-06-2011): 20.26

Advances & Declines

BSE ADVANCES : 1175
BSE DECLINES : 1708
NSE ADVANCES :  485
NSE DECLINES :  903

Nifty Open Interest Changed Today

Nifty- 5400 CE(Jun)- +100650(+3.75%)
Nifty- 5400 PE(Jun)- -475050(-5.13%)

Nifty- 5500 CE(Jun)- +1567200(+36.04%)
Nifty- 5500 PE(Jun)- -1123150(-16.57%)

Nifty- 5600 CE(Jun)- +837750(+13.61%)
Nifty- 5600 PE(Jun)- -278000(-9.24%)

Closing

Nifty- closed at 5,485.80(-35.25 Points & -0.64%)
Sensex- closed at 18,268.54(-116.36 Points & -0.63% )
CNX MIDCAP - closed at 7,992.05(-25.15 Points & -0.31%)
BSE SMALL CAP- closed at 8,288.46(-37.89 Points & -0.46%)

FII & DII trading activity in Capital Market Segment on 10-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 10-Jun-2011 2026.81 2196.86 -170.05

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Jun-2011 839.45 502.47 336.98

Nifty Spot-Levels & Trading Strategy for 13-06-2011

Nifty Spot-Levels

R3 5582
R2 5551
R1 5518
Avg 5487
S1 5454
S2 5423
S3 5390

Nifty Spot-Trading Strategy

H6 5549     Trgt 2
H5 5534     Trgt 1
H4 5520     Long breakout
H3 5502     Go Short
H2 5496
H1 5490
L1 5479
L2 5473
L3 5467     Long
L4 5449     Short Breakout
L5 5435     Trgt 1
L6 5420     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011

Nifty(Jun Fut)-Levels

R3 5587
R2 5553
R1 5518
Avg 5484
S1 5449
S2 5415
S3 5380

Nifty(Jun Fut)-Trading Strategy

H6 5553     Trgt 2
H5 5537     Trgt 1
H4 5521     Long breakout
H3 5502     Go Short
H2 5496
H1 5490
L1 5477
L2 5471
L3 5465     Long
L4 5446     Short Breakout
L5 5430     Trgt 1
L6 5414     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11011
R2 10913
R1 10803
Avg 10705
S1 10595
S2 10497
S3 10387

Bank Nifty(Jun Fut)-Trading Strategy

H6 10903     Trgt 2
H5 10856     Trgt 1
H4 10808     Long breakout
H3 10751     Go Short
H2 10732
H1 10713
L1 10674
L2 10655
L3 10636     Long
L4 10579     Short Breakout
L5 10531     Trgt 1
L6 10484     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jun 13 to Jun 17,2011)

Nifty Spot-Weekly Levels

R3 5664
R2 5617
R1 5551
Avg 5504
S1 5438
S2 5391
S3 5325

Nifty Spot-Weekly Trading Strategy 

H6 5598     Trgt 2
H5 5572     Trgt 1
H4 5547     Long breakout
H3 5516     Go Short
H2 5505
H1 5495
L1 5474
L2 5464
L3 5453     Long
L4 5422     Short Breakout
L5 5397     Trgt 1
L6 5371     Trgt 2

Pre-closing Outlook(10-06-2011)

Range bound lesser volumes market for the last 27 sessions. Such type of market are guided by news flow and global cues. Indian markets firstly slipped after weaker Asian cues and recovered from day's lower levels after up moves in European markets. Nifty tested and traded in crucial support range(5460-5480) almost 2 hours today and will close within or above this range because intraday support signals emerged within it.

5460-5480 is most crucial support range and sustaining below it will mean high possibility of deeper correction. As intraday support seen within it and today down moves were the result of depressing Global cues and except this support getting signals were seen in 5482-5492 today therefore it is clear that Indian markets are not prepared for any side decisive moves.

When market itself is not prepared for any side decisive moves,reacting global cues and news flow and intraday patterns are not showing big trading positions then final conclusions should be drawn:-

1- from decisive break out or
2- Breaking out of any crucial support/resistance or
3- One sided trading positions in intraday trades.

Although Indian markets are closing in Red today but following 2 minor support ranges therefore view is not bearish:-

1- 5482-5492
2- 5460-5480

Mid-session Outlook-4(10-06-2011)

All the Asian markets closed near day,s lows except SSE Composite Index,All European markets opened in Red and trading in negative zone and Dow's futures is also trading 40 points down therefore sentiment dampened and Indian markets slipped from 5482 and now Nifty is trading between next support range(5460-5480).

Heavy global storm since opening today therefore down moves are being seen today and Nifty is trading within most crucial support(5460-5480). Sustaining below 5460 will mean high possibility of deeper correction begining.

Mid-session Outlook-3(10-06-2011)

All the Asian markets slipped from day's higher levels and either closed near day's lower levels or trading near day's lower levels. Indian markets also followed Asian markets and Nifty is trading below 5500 after intraday selling between 5500-5515.

Although IIP data was above expectations but Asian markets pressure is heavy today and Nifty is trading between support range of 5582-5592. Selling seen at higher levels therefore possibility of moving below 5582 can not be ruled out. As 5582-5592 is support range therefore trading patterns within this range will be watched also because supports getting signals are being emerged within it today.

Markets are completely range bound and final trend will begin after breaking of any key level. Minor up/down moves will be seen according to intraday buying or selling.

Today trading range at this moment(5482-5518) should be used for next immediate move confirmations.

Mid-session Outlook-2(10-06-2011)

Although positive IIP data but selling signals emerged between 5500-5515 today and Nifty sustaining below 5500 will mean high possibility of moving below 5480 and more down levels also.

Mid-session Outlook(10-06-2011)

IIP 6.3 Vs 7.3 today

Voltality can not be ruled out and next moves confirmation level is sustaining beyond 5480-5540

NIFTY-JUN F&O-1ST BUYING OF 09-06-2011-COVERING

NIFTY NIFTY JUN F & O(BOUGHT ON 09-06-2011)-IIP DATA TODAY AND MARKET MAY BE VOLATILE THEREFORE COVER IMMEDIATELY-CMP-5510

Pre-open Outlook(10-06-2011)

Asian markets slipped from higher levels and trading in Red therefore sentiment is weaker today morning. Expected that Nifty will trade and prepare for next moves in yesterday range(5502-5540) after flat to negative opening today. As selling at higher levels and buying at lower levels was seen yesterday therefore today range break out and sustaining beyond will be confirmation of today trading positions(buying or selling).

Completely range bound markets therefore final conclusions will be drawn from intraday trading patterns and sustaining mentioned beyond yesterday trading range. IIP data will be declared at 11:00AM today therefore market may be volatile also.

Million $ questions of Indian markets

Market Outlook(10-06-2011)

EOD chart positio updated yesterday with this conclusion that either nifty will blast above 5605 or crash below 5355 because;-

1- All trends will be up above 5605 after Neckline break out of Inverse Head & Shoulders.
2- Move below 5355 will be confirmation of all trends turning down and breaking down of minimum 27 sessions range bound moves.

Million $ questions are :-

1- Will Nifty blast above 5605 or crash below 5355?
2- Who will reply first of all and tell before break out of 27 sessions range bound market?

Only intraday charts have power to tell the break out side before any other tool and first of all  therefore it has to be understood from intraday trading patterns that Indian markets are consolidating or distributing.

Following messages were updated after intraday charts analysis in Mid-session Outlooks yesterday;-

1- When Indian market slipped fast and trading near days lower levels then it was told many times that weakness confirmation will be after sustaining below 5515 only
2- When Nifty was trading at lower levels and started consolidations then immediately told near lower levels for upmoves possibilities in Mid-session Outlook-3 and up moves were seen also after my this posting yesterday.
3-  Following line was also told in Pre-closing Outlook(09-06-2011):-
"intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today"
4- Following line was also told yesterday in Nifty-Micro Analysis of Intra Day Chart For 10-06-2011
"Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions"

That Up move which was clearly declared many times yesterday from intraday charts analysis, will be seen today after positive opening. Next resistances are as follows:-

1- 5528-5538
2- 5545-5555
3- 5550-5570
4- 5580-5604

Next supports are as follows:-

1- 5502-5525
2- 5482-5492
3- 5460-5480

Positive opening expected today and Nifty will trade within next resistance ranges first therefore consolidations is must for any up moves from here. Also expected that Indian markets will consolidate at higer levels and close positive today.

FII Trading Data in Derivatives Segment on 09-Jun-2011

FII & DII trading activity in Capital Market Segment on 09-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 09-Jun-2011 1842.66 1867.39 -24.73

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 09-Jun-2011 564.46 555.49 8.97

Nifty-Micro Analysis of Intra Day Chart For 10-06-2011

Nifty-Intra Day Chart(09-06-2011):-

Just click on chart for its enlarged view

Main Features

1- selling between 5522-5540
2- Consolidation between 5505-5526

Conclusions

Volatile day today and market slipped from higher levels 2 times but got support at lower levels also. Indian markets slipped from higher levels and when Nifty was trading at lower levels then it was told many tmes that weakness confirmation will be after sustaining below 5515 only. When Nifty was trading at lower levels and started consolidations then also upmoves possibilities was told in Mid-session Outlook-3.

Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions.

Indian Stock Markets Closing Reports(09-06-2011)

Main features of today trading are as follows


1- Doji Candle with intraday consolidation patterns
1- Red but almost flat closing.
2- Support at lower levels.
3- Most of the Indices closed in Red but showing consolidations

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(09-06-2011): 20.39

Advances & Declines

BSE ADVANCES : 1384
BSE DECLINES : 1432
NSE ADVANCES :  603
NSE DECLINES :  792

Nifty Open Interest Changed Today

Nifty- 5400 CE(Jun)- +201750(+8.05%)
Nifty- 5400 PE(Jun)- +383350(+4.30%)

Nifty- 5500 CE(Jun)- -12000(-0.27%)
Nifty- 5500 PE(Jun)- -4450(-0.07%)

Nifty- 5600 CE(Jun)- +365550(6.22%)
Nifty- 5600 PE(Jun)- +65650(+2.23%)

Closing 

Nifty- closed at 5,521.05(-5.80 Points & -0.10%)
Sensex- closed at 18,384.90(-9.39 Points & -0.05%)
CNX MIDCAP - closed at 8,017.20(-21.85 Points & -0.27%)
BSE SMALL CAP- closed at 8,326.35(+6.85 Points & +0.08%)

Nifty Spot-Levels & Trading Strategy for 10-06-2011

Nifty Spot-Levels

R3 5578
R2 5559
R1 5540
Avg 5521
S1 5502
S2 5483
S3 5464

Nifty Spot-Trading Strategy

H6 5559     Trgt 2
H5 5550     Trgt 1
H4 5541     Long breakout
H3 5531     Go Short
H2 5527
H1 5524
L1 5517
L2 5514
L3 5510     Long
L4 5500     Short Breakout
L5 5491     Trgt 1
L6 5482     Trgt 2