Nifty Spot-Weekly Levels & Trading Strategy(Jun 20 to Jun 24,2011)

Nifty Spot-Weekly Levels

R3 5590
R2 5555
R1 5460
Avg 5425
S1 5330
S2 5295
S3 5200

Nifty Spot-Weekly Trading Strategy 

H6 5495     Trgt 2
H5 5466     Trgt 1
H4 5437     Long breakout
H3 5401     Go Short
H2 5389
H1 5377
L1 5354
L2 5342
L3 5330     Long
L4 5294     Short Breakout
L5 5265     Trgt 1
L6 5236     Trgt 2

Pre-closing Outlook(17-06-2011)

Nifty slipped below 5375 but lacking force. it should be kept in mind that 5329-5370 is strong support range and Indian markets requires complete selling patterns within this range for breaking 5329.

Intraday patterns between 5355-5375 showing consolidation patterns today therefore this range strengthened the support of 5329-5370 today.

Trading range of today 5355-5390 should be kept in mind for next move confirmations. Intraday patterns of today are suggesting consolidaations(buying) and only confirmation is required.

Mid-session Outlook-2(17-06-2011)

Nifty slipped below 5375 and it is more down confirmation.

Mid-session Outlook(17-06-2011)

Nifty is trading between 5375-5387 for the last 2 hours and patterns are mixed therefore sustaining beyond will be next move first signal.

Post-open Outlook(17-06-2011)

Today trading range was given 5375-5410 and Nifty is traded within this range most of the time today. Strong support range at lower level within 5329-5370 and market require complete selling patterns for dipping within this range.

Although Indian markets slipped after opening today but patterns are not suggesting selling therefore sustaining beyond 5375 will be watched first.

Pre-open Outlook(17-06-2011)

All the Asian markets are trading in Red today morning therefore sentiment is weak and firstly negative zone trading between 5375-5410 after weak opening expected today. Strong supports below 5400 and in the same manner strong resistances above 5480 therefore Indian markets will prepare for next moves within 5375-5410 and sustaining beyond this range will be next moves first indication. Quiet range bound market expected today and mentioned range will be watched first for next moves confirmations.

Market Outlook(17-06-2011)

Nifty is trading between 5329-5605 for the last 33 sessions and also preparing for next moves between this range. Break out and sustaining beyond mentioned range will give next moves confirmation and until Nifty is trading within this range till then moves within this range will be understood and discussed.

Major supports between 5329-5400 and Nifty slipped below 5400 today but narket require complete distribution patterns to sustain below 5400. Strong resistance between 5480-5604. Nifty traded within 5389-5447 yesterday with mixed trading patterns and technical positions are as follows:-

1- Minor support signals between 5405-5420
2- Selling between 5424-5442

Although Nifty closed near lowest of the day yesterday and selling at higher levels also but patterns are showing consolidation formations therefore sustaining beyond yesterday range(5389-5447) will be watched first for next moves confirmations and follow up buying and sustaining above 5447 is also possible in the coming sessions.

Strong supports below yesterday range and in the same manner strong resistances at higher levels therefore Indian markets will prepare for next moves within or near about yesterday range(5389-5447) and sustaining beyond this range will be next moves confirmations therefore will be watched first for next moves confirmations.

FII Trading Data in Derivatives Segment on 16-Jun-2011

Nifty-Micro Analysis of Intra Day Chart For 17-06-2011

Nifty-Intra Day Chart(16-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Minor support signals between 5405-5420
2- Selling between 5424-5442

Conclusions

Minor support signals seen between 5405-5420 and after that market moved up also but selling developed between 5424-5442 and Nifty slipped below 5400. All the Asian markets closed near lower levels and European markets also slipped after gap down opening therefore sentiment was depressed whole day today and Nifty entered into last support range.

Selling above 5480,today also between 5424-5442 and only minor support signals between 5405-5420 therefore market require complete consolidation for any up move beginning.

Strong support range(5329-5400) below today trading range therefore market require fresh selling for dipping and sustaining below 5329.

Although Nifty slipped and closed below 5400 but minor support signals seen between 5405-5420 today therefore sustaining beyond 5400 will be watched firstly watched tomorrow for next moves confirmations.

FII & DII trading activity in Capital Market Segment on 16-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 16-Jun-2011 2191.29 2790.81 -599.52

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Jun-2011 1308.28 1022.18 286.1

Indian Stock Markets Closing Reports(16-06-2011)

Main features of today trading are as follows

1- Black Candle
2- All the Indices closed in Red
3- Nifty entered into last strong support range(5329-5400) of 33 sessions Range Bound Market(5329-5605).

Ratios

Nifty Put Call Ratio: 0.89
Nifty P/E Ratio(16-06-2011): 19.93

Advances & Declines

BSE ADVANCES : 1063
BSE DECLINES : 1775
NSE ADVANCES :  409
NSE DECLINES :  981

Nifty Open Interest Changed Today

Nifty- 5300 CE(Jun)- +204700(+18.26%)
Nifty- 5300 PE(Jun)- +479800(+6.83%)

Nifty- 5400 CE(Jun)- +1172700(+35.16%)
Nifty- 5400 PE(Jun)- -734950(-8.11%)

Nifty- 5500 CE(Jun)- +996000(+15.92%)
Nifty- 5500 PE(Jun)- -394000(-8.12%)

Closing 

Nifty- closed at 5,396.75(-50.75 Points & -0.93%)
Sensex- closed at  17,985.88(-146.36 Points & -0.81%)
CNX MIDCAP - closed at 7,974.15(-53.15 Points & -0.66%)
BSE SMALL CAP- closed at 8,249.98(-44.91 Points & -0.54%)

Nifty Spot-Levels & Trading Strategy for 17-06-2011

Nifty Spot-Levels

R3 5490
R2 5468
R1 5432
Avg 5410
S1 5374
S2 5352
S3 5316

Nifty Spot-Trading Strategy

H6 5454     Trgt 2
H5 5440     Trgt 1
H4 5427     Long breakout
H3 5411     Go Short
H2 5406
H1 5401
L1 5390
L2 5385
L3 5380     Long
L4 5364     Short Breakout
L5 5351     Trgt 1
L6 5337     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 17-06-2011

Nifty(Jun Fut)-Levels

R3 5510
R2 5484
R1 5443
Avg 5417
S1 5376
S2 5350
S3 5309

Nifty(Jun Fut)-Trading Strategy

H6 5469     Trgt 2
H5 5453     Trgt 1
H4 5438     Long breakout
H3 5420     Go Short
H2 5414
H1 5408
L1 5395
L2 5389
L3 5383     Long
L4 5365     Short Breakout
L5 5350     Trgt 1
L6 5334     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 17-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10915
R2 10828
R1 10709
Avg 10622
S1 10503
S2 10416
S3 10297

Bank Nifty(Jun Fut)-Trading Strategy

H6 10798     Trgt 2
H5 10751     Trgt 1
H4 10704     Long breakout
H3 10647     Go Short
H2 10628
H1 10609
L1 10572
L2 10553
L3 10534     Long
L4 10477     Short Breakout
L5 10430     Trgt 1
L6 10383     Trgt 2

Post-closing Report(16-06-2011)

News based volatile market today with intraday selling at higher levels between 5424-5442 and Nifty slipped into resistance range of 5329-5400. Minor support seen between 5405-5420 but Nifty could not sustain above and slipped below 5400.

As minor support seen above 5405 today therefore sustaing beyond it will be next move confirmation.

Mid-session Outlook-2(16-06-2011)

Intra day support getting signals emerged between 5405-5420 today therefore  sustaining  above 5420 will be next up move first indication.

Mid-session Outlook(16-06-2011)

Voltality for today was predicted and that is being seen after credit policy today. Technical positions changes fast in such type of markets therefore next moves conclusions should drawn sfter sustaining beyond 5385-5430..

Post-open Outlook(16-06-2011)

Indian markets outperformed global cues after gap down opening today and trading above strong support range(5329-5400) since opening today,it is positive cue. Initial signals are positive but market require more preparation for next moves. RBI Credit Policy today at 12:00 noon therefore market may be volatile. Sustaining above 5430 will be first strong indication of very short term up move begining and  moving below 5385 will be more weakness confirmation.

Next moves first confirmation range for today is 5385-5430.

Technical Analysis,Researches & Market Outlook(16-06-2011)

Nifty-EOD Chart(15-06-2011) showing 32 sessions Range Bound Market(5329-5605):-

Just click on chart for its enlarged view

Nifty is trading between 5329-5605 for the last 32 sessions and also preparing for next moves between this range. Break out of mentioned range will give following decisive trend to Indian markets;-

1- Sustaing above 5605 will mean all trends are turning up and blasting rally after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions and that will mean beginning of long Bear phase also.

All the technical points have already been told in Weekly Outlook(Jun 13 to Jun 17,2011) and break out implications are updated above. Now only internal construction of mentioned range(5329-5605) will be discussed and will try to understand next moves before break out of range. Next resistances and supports within this range are as follows:-

1- Strong resistance is 5480-5604
2- Strong support is 5329-5400

Next support 2 below 5329 are:-

1- 5233
2- 5178

Most Asian markets are more than 1% down today morning after US markets 1.5% yesterday crash. Huge selling at higher levels and no consolidation at lower levels yesterday therefore Nifty will trade between next and last support range 5329-5400. Follow up selling below 5400 today will mean break ing down possibility of 5329.


Gap down opening and Red closing after whole day negative zone trading is also very much possible.Expected 1st range of today is 5375-5415 and Nifty will first prepare for next moves within this range.  Let market prepare for next moves then will be updated from intraday charts analysis in Mid-session Outlooks as was done yesterday and down moves were declared near yesterday higher levels in following line:-

Mid-session Outlook(15-06-2011):-  Selling developed just below strong resistance range therefore more down moves will be seen now.

Nifty-Micro Analysis of Intra Day Chart For 15-06-2011

Nifty-Intra Day Chart(15-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Selling between 5495-5480
2- Last 2 hours mixed patterns between 5439-5455

Conclusions

Selling between 5495-5480 and as soon as it developed then down moves was predicted  in Mid-session Outlook today and following line was told:-

more down moves will be seen now.

As already selling at higher levels therefore more down moves and next supports testing possibility can not be ruled out because no clear consolidation patterns today and last 2 hours mixed patterns between 5439-5455, sustaining beyond this range will be next move confirmation and possibilities of slipping below this range are more.

FII Trading Data in Derivatives Segment on 15-Jun-2011