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Nifty-Micro Analysis of Intra Day Chart For 14-06-2011
Micro-Analysis of Intra Day Charts with so high accuracy is always available only in:-
enjoydailyprofits.blogspot.com
Any other Website or Business News channel can never predict so accurately as predicted daily only in this Blog.
Nifty-Intra Day Chart(13-06-2011):-
Main Features
1- Falling Wedge Bullish pattern
2- Support between 5438-5455
3- Rising Channel Upmove
4- Last 3 hours between 5477-5496
Conclusions
Strong upmove today but it is not being told after closing for market but today upmove was predicted well before its begining in following lines:-
1- When Nifty was trading near today lower levels then up side break out possibility was told in Post-open Outlook today.
2- After that upmoves were told in all 3 Mid-session Outlooks
3- Down moves were never told after US market last Friday crash and First trading and next moves preparation range(5400-5473) was given in which Nifty traded almost first 3 hours and after that up moves were seen today.
Firstly Falling Wedge Bullish pattern formation and after that Support and base formation between 5438-5455 seen today. Up moves in Rising channel and after that Nifty traded last 3 hours between 5477-5496 with intraday consolidation patterns.
Although Nifty closed near lower levels of the last 3 hours range in Red but whole day intraday charts are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
enjoydailyprofits.blogspot.com
Any other Website or Business News channel can never predict so accurately as predicted daily only in this Blog.
Nifty-Intra Day Chart(13-06-2011):-
Just click on chart for its enlarged view |
1- Falling Wedge Bullish pattern
2- Support between 5438-5455
3- Rising Channel Upmove
4- Last 3 hours between 5477-5496
Conclusions
Strong upmove today but it is not being told after closing for market but today upmove was predicted well before its begining in following lines:-
1- When Nifty was trading near today lower levels then up side break out possibility was told in Post-open Outlook today.
2- After that upmoves were told in all 3 Mid-session Outlooks
3- Down moves were never told after US market last Friday crash and First trading and next moves preparation range(5400-5473) was given in which Nifty traded almost first 3 hours and after that up moves were seen today.
Firstly Falling Wedge Bullish pattern formation and after that Support and base formation between 5438-5455 seen today. Up moves in Rising channel and after that Nifty traded last 3 hours between 5477-5496 with intraday consolidation patterns.
Although Nifty closed near lower levels of the last 3 hours range in Red but whole day intraday charts are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
Indian Stock Markets Closing Reports(13-06-2011)
Main features of today trading are as follows
1- Flat closing after strong support at lower levels.
2- All the Indices recovered from lower levels.
3- Bullish Hammer Candle
4- Whole day Intraday consolidations.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(13-06-2011): 20.25
Advances & Declines
BSE ADVANCES : 1403
BSE DECLINES : 1433
NSE ADVANCES : 653
NSE DECLINES : 731
Nifty Open Interest Changed Today
Nifty- 5300 CE(Jun)- -225150(-16.08%)
Nifty- 5300 PE(Jun)- +590400(+8.99%)
Nifty- 5400 CE(Jun)- +165700(+6.10%)
Nifty- 5400 PE(Jun)- +1199200(+21.91%)
Nifty- 5500 CE(Jun)- -509200(-8.91%)
Nifty- 5500 PE(Jun)- +173650(+6.38%)
Nifty- 5600 CE(Jun)- +446500(+6.62%)
Nifty- 5600 PE(Jun)- +173650(+6.38%)
Closing
Nifty- closed at 5,482.80(-3.00 Points & -0.05%)
Sensex- closed at 18,266.03(-2.51 Points & -0.01%)
CNX MIDCAP - closed at 8,037.45(+45.40 Points & +0.57%)
BSE SMALL CAP- closed at 8,313.32(+24.86 Points & +0.30%)
1- Flat closing after strong support at lower levels.
2- All the Indices recovered from lower levels.
3- Bullish Hammer Candle
4- Whole day Intraday consolidations.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(13-06-2011): 20.25
Advances & Declines
BSE ADVANCES : 1403
BSE DECLINES : 1433
NSE ADVANCES : 653
NSE DECLINES : 731
Nifty Open Interest Changed Today
Nifty- 5300 CE(Jun)- -225150(-16.08%)
Nifty- 5300 PE(Jun)- +590400(+8.99%)
Nifty- 5400 CE(Jun)- +165700(+6.10%)
Nifty- 5400 PE(Jun)- +1199200(+21.91%)
Nifty- 5500 CE(Jun)- -509200(-8.91%)
Nifty- 5500 PE(Jun)- +173650(+6.38%)
Nifty- 5600 CE(Jun)- +446500(+6.62%)
Nifty- 5600 PE(Jun)- +173650(+6.38%)
Closing
Nifty- closed at 5,482.80(-3.00 Points & -0.05%)
Sensex- closed at 18,266.03(-2.51 Points & -0.01%)
CNX MIDCAP - closed at 8,037.45(+45.40 Points & +0.57%)
BSE SMALL CAP- closed at 8,313.32(+24.86 Points & +0.30%)
Nifty Spot-Levels & Trading Strategy for 14-06-2011
Nifty Spot-Levels
R3 5566
R2 5531
R1 5506
Avg 5471
S1 5446
S2 5411
S3 5386
Nifty Spot-Trading Strategy
H6 5542 Trgt 2
H5 5528 Trgt 1
H4 5515 Long breakout
H3 5498 Go Short
H2 5493
H1 5487
L1 5476
L2 5471
L3 5465 Long
L4 5449 Short Breakout
L5 5435 Trgt 1
L6 5421 Trgt 2
R3 5566
R2 5531
R1 5506
Avg 5471
S1 5446
S2 5411
S3 5386
Nifty Spot-Trading Strategy
H6 5542 Trgt 2
H5 5528 Trgt 1
H4 5515 Long breakout
H3 5498 Go Short
H2 5493
H1 5487
L1 5476
L2 5471
L3 5465 Long
L4 5449 Short Breakout
L5 5435 Trgt 1
L6 5421 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 14-06-2011
Nifty(Jun Fut)-Levels
R3 5601
R2 5556
R1 5527
Avg 5482
S1 5453
S2 5408
S3 5379
Nifty(Jun Fut)-Trading Strategy
H6 5572 Trgt 2
H5 5555 Trgt 1
H4 5538 Long breakout
H3 5518 Go Short
H2 5511
H1 5504
L1 5491
L2 5484
L3 5477 Long
L4 5457 Short Breakout
L5 5440 Trgt 1
L6 5423 Trgt 2
R3 5601
R2 5556
R1 5527
Avg 5482
S1 5453
S2 5408
S3 5379
Nifty(Jun Fut)-Trading Strategy
H6 5572 Trgt 2
H5 5555 Trgt 1
H4 5538 Long breakout
H3 5518 Go Short
H2 5511
H1 5504
L1 5491
L2 5484
L3 5477 Long
L4 5457 Short Breakout
L5 5440 Trgt 1
L6 5423 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 14-06-2011
Bank Nifty(Jun Fut)-Levels
R3 10960
R2 10862
R1 10797
Avg 10699
S1 10634
S2 10536
S3 10471
Bank Nifty(Jun Fut)-Trading Strategy
H6 10897 Trgt 2
H5 10859 Trgt 1
H4 10821 Long breakout
H3 10776 Go Short
H2 10761
H1 10746
L1 10717
L2 10702
L3 10687 Long
L4 10642 Short Breakout
L5 10604 Trgt 1
L6 10567 Trgt 2
R3 10960
R2 10862
R1 10797
Avg 10699
S1 10634
S2 10536
S3 10471
Bank Nifty(Jun Fut)-Trading Strategy
H6 10897 Trgt 2
H5 10859 Trgt 1
H4 10821 Long breakout
H3 10776 Go Short
H2 10761
H1 10746
L1 10717
L2 10702
L3 10687 Long
L4 10642 Short Breakout
L5 10604 Trgt 1
L6 10567 Trgt 2
Pre-closing Outlook(13-06-2011)
Technical positions are as follows:-
1- Consolidations between 5437-5580(Today and Last Friday)
2- Strong resistance between 5522-5604
Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
5480-5522 break out and sustaining beyond will be next moves confirmations.
1- Consolidations between 5437-5580(Today and Last Friday)
2- Strong resistance between 5522-5604
Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.
5480-5522 break out and sustaining beyond will be next moves confirmations.
Mid-session Outlook-2(13-06-2011)
Following lines were told in What will be Indian markets reaction on Dow's 175 points crash? yesterday:-
Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves.
As We told 100% same happened and Nifty prepared for next moves within mentioned range(5400-5473) and after that did not followed weak US and Asian markets but followed our upmoves prediction of Post-open Outlook(13-06-2011)
Sustainability above 5480 will be watched for up moves confirmations. Strong resistances between 5522-5604 therefore market requires consolidations before every rise. Expected that Indian markets will consolidate and will move up.
5480-5522 break out should be watched for first signal of next moves confirmations.
Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves.
As We told 100% same happened and Nifty prepared for next moves within mentioned range(5400-5473) and after that did not followed weak US and Asian markets but followed our upmoves prediction of Post-open Outlook(13-06-2011)
Sustainability above 5480 will be watched for up moves confirmations. Strong resistances between 5522-5604 therefore market requires consolidations before every rise. Expected that Indian markets will consolidate and will move up.
5480-5522 break out should be watched for first signal of next moves confirmations.
Mid-session Outlook(13-06-2011)
When Indian markets were trading near today's lows then following lines were told in Post-open Outlook today:-
As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-
1- 5438-5445(Today)
2- 5460-5480(Last Friday)
Nifty is trading above 5480 and also expected that will condolidate and sustain above it. Strong resistance above 5522 therefore market require consolidations before any up move.
Indian markets did not crashed after US markets 1.5% down today and all my Outlooks for today markets are live proof of this fact that I never told for weak market in most depressing sentiments and also predicted today up moves well before its begining in Post-open Outlook today.
As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-
1- 5438-5445(Today)
2- 5460-5480(Last Friday)
Nifty is trading above 5480 and also expected that will condolidate and sustain above it. Strong resistance above 5522 therefore market require consolidations before any up move.
Indian markets did not crashed after US markets 1.5% down today and all my Outlooks for today markets are live proof of this fact that I never told for weak market in most depressing sentiments and also predicted today up moves well before its begining in Post-open Outlook today.
Post-open Outlook(13-06-2011)
Nifty is trading below 5457 because heavy weight RIL is also trading more that 2% down today. Sustaining below 5457 will be fresh down moves confirmations but intraday support between 5438-5445 today also therefore down moves confirmation will be below 5438. As Consolidations seen between 5460-5480 last Friday therefore selling below 5457 and moving below 5438 is must for down moves confirmations and moves above 5480 will be up moves confirmations also.
Completely range bound markets with strong supports at lower levels and strong resistances at higher levels. Let market finally prepare for decisive trend then trending markets will commence and till then quiet range bound moves will be seen.
Although supports seen within 5438-5480 but Nifty is trading at the lower bend of this range therefore sustaining beyond this range will be strong indication of next moves. As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-
1- 5438-5445(Today)
2- 5460-5480(Last Friday)
Completely range bound markets with strong supports at lower levels and strong resistances at higher levels. Let market finally prepare for decisive trend then trending markets will commence and till then quiet range bound moves will be seen.
Although supports seen within 5438-5480 but Nifty is trading at the lower bend of this range therefore sustaining beyond this range will be strong indication of next moves. As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-
1- 5438-5445(Today)
2- 5460-5480(Last Friday)
Pre-open Outlook(13-06-2011)
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 4 Charts therefore not being repeated:-
Although US markets closed about 1.5% down last Friday but Asian markets are moderately weak today morning and most are less than 1% down. Sentiment is not depressed,Nifty will open, firstly trade and prepare for next moves between 5457-5522. Strong resistances above 5522 and and good supports within this range.Break out and sustaining beyond mentioned range will give confirmation to next those moves which have already been discussed in above topics yesterday.
What will be Indian markets reaction on Dow's 175 points crash?
Weekly Outlook(Jun 13 to Jun 17,2011)
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 3 Charts therefore not being repeated:-
1-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
2-Technical Analysis and Research(Waves Structure)
3-Wave-4 Correction,Wave-5 Formations & Inverse HNS
Nifty-EOD Chart(10-06-2011):-
Main Features
1- Last 28 sessions range bound market between 5329-5605
2- Support,base formation and consolidation between 5459-5473
3- Strong support between 5329-5400
4- Strong resistance between 5522-5604
Conclusions
Indian markets slipped from 5604 after last 8 sessions selling between 5522-5604. Nifty tested last 10 days lows and tested lows of strong support range(5459-5473) but closed above it at 5485 last Friday after consolidations between 5460-5480.
As Nifty got support in strong support range(5459-5473) last Friday therefore :-
1- Until Nifty will not sustain below 5459 till then fresh down move will not be considered.
2- If Global pressure remains high on Monday and Nifty slips below 5459 then strong support range is 5329-5400 and market requires complete distribution patterns for sustaining below 5329.
As good selling between 5522-5604 and last Friday lower levels consolidations is not sufficient to move above 5522 therefore market requires complete consolidations below 5522 for any types of up moves also. Market require fresh preperation for any side directional moves and trending market.
Conclusions (After Putting All Studies Together)
All trends are down and Nifty is trading between 5329-5605 for the last 28 sessions with Inverse Head & Shoulders(HNS) pattern Formations. Strong resistances at higher levels and strong supports are at lower levels and Nifty closed almost in the middle of this range last Friday therefore Nifty can not go any where and will first trade and prepare for next moves between this range in the coming sessions and break out of this range will give decisive trend to Indian markets. Break out of this range will mean:-
1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.
Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves. Good supports below 5400 and Nifty require complete selling for slipping below 5329.
28 Sessions range bound markets and it is confirm that strong moves toward break out side will be seen. Follow up buying/selling in the coming couple of sessions will decide that Nifty will test next suooprts or resistances and Next moves first indication will be sustaining beyond 5400-5473.
Firstly range bound quiet trading between 5329-5605 will be seen and if this range is broken out in the coming week then decisive fast moves toward break out side will be seen.
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 3 Charts therefore not being repeated:-
1-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
2-Technical Analysis and Research(Waves Structure)
3-Wave-4 Correction,Wave-5 Formations & Inverse HNS
Nifty-EOD Chart(10-06-2011):-
Just click on chart for its enlarged view |
1- Last 28 sessions range bound market between 5329-5605
2- Support,base formation and consolidation between 5459-5473
3- Strong support between 5329-5400
4- Strong resistance between 5522-5604
Conclusions
Indian markets slipped from 5604 after last 8 sessions selling between 5522-5604. Nifty tested last 10 days lows and tested lows of strong support range(5459-5473) but closed above it at 5485 last Friday after consolidations between 5460-5480.
As Nifty got support in strong support range(5459-5473) last Friday therefore :-
1- Until Nifty will not sustain below 5459 till then fresh down move will not be considered.
2- If Global pressure remains high on Monday and Nifty slips below 5459 then strong support range is 5329-5400 and market requires complete distribution patterns for sustaining below 5329.
As good selling between 5522-5604 and last Friday lower levels consolidations is not sufficient to move above 5522 therefore market requires complete consolidations below 5522 for any types of up moves also. Market require fresh preperation for any side directional moves and trending market.
Conclusions (After Putting All Studies Together)
All trends are down and Nifty is trading between 5329-5605 for the last 28 sessions with Inverse Head & Shoulders(HNS) pattern Formations. Strong resistances at higher levels and strong supports are at lower levels and Nifty closed almost in the middle of this range last Friday therefore Nifty can not go any where and will first trade and prepare for next moves between this range in the coming sessions and break out of this range will give decisive trend to Indian markets. Break out of this range will mean:-
1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.
Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves. Good supports below 5400 and Nifty require complete selling for slipping below 5329.
28 Sessions range bound markets and it is confirm that strong moves toward break out side will be seen. Follow up buying/selling in the coming couple of sessions will decide that Nifty will test next suooprts or resistances and Next moves first indication will be sustaining beyond 5400-5473.
Firstly range bound quiet trading between 5329-5605 will be seen and if this range is broken out in the coming week then decisive fast moves toward break out side will be seen.
Wave-4 Correction,Wave-5 Formations & Inverse HNS
Nifty-EOD Chart(10-06-2011):-
Main Features
1- 'ABC' Correction in Wave-4
2- 'C' corrective wave of Wave-4 completed 5 waves and correction completed
3- Impulsive Waves-5 started but Nifty is trading and sustaining below it for the last 22 sessions.
4- Continuation patterns formation in Wave-5 but Nifty is trading and sustaining below its rising trend line for the last 22 sessions.
5- Inverse Head & Shoulders(HNS) Formations in last 28 sessions.
Conclusions
Wave-4 'ABC' Correction completed but Nifty is trading below Wave-5 Trend Line and sustaining below it for the last 22 sessions therefore Wave-5 failure possibility can not be ruled out. Wave-5 failure confirmation level is sustaining below 5178. Inverse Head & Shoulders(HNS) Formations(Bullish) in last 28 sessions between 5329-5605 also therefore breaking out of this range will decide next long term and strong trend because:-
1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.
Just click on chart for its enlarged view |
1- 'ABC' Correction in Wave-4
2- 'C' corrective wave of Wave-4 completed 5 waves and correction completed
3- Impulsive Waves-5 started but Nifty is trading and sustaining below it for the last 22 sessions.
4- Continuation patterns formation in Wave-5 but Nifty is trading and sustaining below its rising trend line for the last 22 sessions.
5- Inverse Head & Shoulders(HNS) Formations in last 28 sessions.
Conclusions
Wave-4 'ABC' Correction completed but Nifty is trading below Wave-5 Trend Line and sustaining below it for the last 22 sessions therefore Wave-5 failure possibility can not be ruled out. Wave-5 failure confirmation level is sustaining below 5178. Inverse Head & Shoulders(HNS) Formations(Bullish) in last 28 sessions between 5329-5605 also therefore breaking out of this range will decide next long term and strong trend because:-
1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.
Technical Analysis and Research(Waves Structure)
Nifty-EOD Chart(10-06-2011):-
Main Features
1st impulsive wave begun on 27-10-2008 from 2252
2nd corrective wave begun on 12-06-2009 from 4693
3rd impulsive wave begun on 13-07-2009 from 3919
4th corrective wave begun on 05-11-2010 from 6338(2419 Points rally of Wave-3)
5th impulsive wave begun on 11-02-2011 from 5178(1160 Points correction of Wave-4)
Conclusions
Wave-4 'ABC' Correction completed but Nifty is trading below Wave-5 Trend Line and sustaining below it for the last 22 sussions therefore Wave-5 failure possibility can not be ruled out. Wave-5 failure confirmation level is sustaining below 5178.
Just click on chart for its enlarged view |
1st impulsive wave begun on 27-10-2008 from 2252
2nd corrective wave begun on 12-06-2009 from 4693
3rd impulsive wave begun on 13-07-2009 from 3919
4th corrective wave begun on 05-11-2010 from 6338(2419 Points rally of Wave-3)
5th impulsive wave begun on 11-02-2011 from 5178(1160 Points correction of Wave-4)
Conclusions
Wave-4 'ABC' Correction completed but Nifty is trading below Wave-5 Trend Line and sustaining below it for the last 22 sussions therefore Wave-5 failure possibility can not be ruled out. Wave-5 failure confirmation level is sustaining below 5178.
12 Recent Topics,Technical Analysis,News & Research For 13-06-2011 Trading
12 Topics have been posted for 13-06-2011 trading and more topics will be posted today and in next 2 days.Just click at following topics names and go through as well as analyse Chart:-
1-Nifty Spot-Weekly Levels & Trading Strategy(Jun 13 to Jun 17,2011)
2-Bank Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
3-Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
4-Nifty Spot-Levels & Trading Strategy for 13-06-2011
5-FII & DII trading activity in Capital Market Segment on 10-Jun-2011
6-Indian Stock Markets Closing Reports(10-06-2011)
7-FII Trading Data in Derivatives Segment on 10-Jun-2011
8-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
Important News
1-Inflation, rates cool IIP growth to 6.3%
2-Poll: May inflation seen rising to 8.7%
3-Exports post fastest growth since Mar '04
4- Emerging markets need more coordination
Topics prepared by Enjoy Daily Profits
1-Nifty Spot-Weekly Levels & Trading Strategy(Jun 13 to Jun 17,2011)
2-Bank Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
3-Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
4-Nifty Spot-Levels & Trading Strategy for 13-06-2011
5-FII & DII trading activity in Capital Market Segment on 10-Jun-2011
6-Indian Stock Markets Closing Reports(10-06-2011)
7-FII Trading Data in Derivatives Segment on 10-Jun-2011
8-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
Important News
1-Inflation, rates cool IIP growth to 6.3%
2-Poll: May inflation seen rising to 8.7%
3-Exports post fastest growth since Mar '04
4- Emerging markets need more coordination
Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
Nifty-Intra Day Chart(10-06-2011):-
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.
Just click on chart for its enlarged view |
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.
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%)
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
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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
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
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