Nifty Spot-Weekly Levels & Trading Strategy(Jun 27 to Jul 01,2011)

Nifty Spot-Weekly Levels

R3 5847
R2 5662
R1 5566
Avg 5381
S1 5285
S2 5100
S3 5004

Nifty Spot-Weekly Trading Strategy

H6 5766 Trgt 2
H5 5696 Trgt 1
H4 5625 Long breakout
H3 5548 Go Short
H2 5522
H1 5496
L1 5445
L2 5419
L3 5393 Long
L4 5316 Short Breakout
L5 5245 Trgt 1
L6 5175 Trgt 2

Pre-closing Outlook(24-06-2011)

Nifty is 156 points up and SENSEX is 525 points up today but up moves indications and predictations were started yesterday and following lines were told:-

Mid-session Outlook(23-06-2011) at 11:31:00 AM

Today intraday charts are showing good consolidation at lower levels and it is sign of strength

Pre-closing Outlook(23-06-2011) at 03:27:00 PM

Last 4 hours intraday charts are also showing consolidations indications therefore up moves hopes from here are alive at the closing of today.

Don't Panic from Global markets fall- at 11:49:00 PM on 23-06-2011

up moves hopes from here are alive despite whatsoever weaker global markets cues

Indian stock markets such accurate  predictions are being done daily for the last 4 years. Anyone can verify any time this truth from this blog and from my orkut.com Communities.

Trend reversal confirmation with full force today and Nifty will face next strong Resistance range(5480-5604) in next week. No selling signal today and Indian markets reentered last 34 sessions trading range(5329-5604).

Mentioned 34 sessions trading range(5329-5604) break out and sustaining beyond will be next moves confirmation and till then trading policy should be according to range bound markets.

Mid-session Outlook(24-06-2011)

Intraday patterns are showing consolidations today and yesterday begun rally will remain continued.

Pre-open Outlook(24-06-2011)

When Dow Jones was trading more than 175 points down then today Market Outlook was posted yesterday with the name of "Don't Panic from Global markets fall" and following lines were told:-

1- "up moves hopes from here are alive despite whatsoever weaker global markets cues and Indian markets bear phase entering many confirmations"

2- "Don't Panic from Global markets fall because last 4 sessions intraday charts are not concluding selling but on the contrary showing consolidations on 23-06-2011"

Last 4 sessions most time trading range is 5250-5320 and markets technicals above 5320 were also explained in following lines:-

"Crossing 5320 will be revival of first up move hope and confidence gaining will be after sustaining above 5356. Market has to struggle hard for up moves because multiple resistances between 5356-5605(long term up trend confirmation level)."

Sustaining above 5356 will be from recovering from 141 points 10 minutes fall of 20-06-2011 and will be confirmation of trend reversal as well. 

As conclusion of consolidations from last 4 sessions intraday charts therefore more upmoves are expected today.

Don't Panic from Global markets fall

Market Outlook(24-06-2011) 

Nifty-Intra Day Chart(23-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Consolidation between 5253-5300
2- Last 4 hours mixed patterns between 5300-5330

Conclusions

Dow Jones is more than 175 points down at this moment after most European markets more than 1.75% down closing therefore Asian markets may also be weak tomorrow morning.

Indian markets may open in Red tomorrow but key of all the trends and next moves lies in today trading range(5252-5330). Nifty traded most time between 5250-5320 in last 3 sessions and today Nifty covered whole range from bottom to top and closed near Day's high exactly at 5320.

Lower levels good consolidation seen on 22-06-2011 and again consolidation between 5253-5300 today. Although Nifty traded last 4 hours with mixed patterns between 5300-5330 but consolidation percentage is higher therefore up moves hopes from here are alive despite whatsoever weaker global markets cues and Indian markets bear phase entering many confirmations.

All the crucial patterns broken down on 20-06-2011 but today consolidation between 5252-5330 blinked up moves hopes therefore today trading range break out will be watched first for the reply following question:-

"Indian markets are immediately entering into long Bear phase or not"

Interpretation is clear that dipping below 5252 will mean high possibility of breaking 5177 and then crashing. Crossing 5320 will be revival of first up move hope and confidence gaining will be after sustaining above 5356. Market has to struggle hard for up moves because multiple resistances between 5356-5605(long term up trend confirmation level).

Don't Panic from Global markets fall because last 4 sessions intraday charts are not concluding selling but on the contrary showing consolidations on 23-06-2011.

Importance of Levels

Last 4 sessions outlooks are live proofs of this fact that upside break out confirmation of 5320 was given more than 20 times and today closing is exactly at 5320.00 and market denied to give any type of upward confirmation today..

Indian Stock Markets Closing Reports(23-06-2011)

Main features of today trading are as follows

1- Indian markets outperformed global markets.
2- Strong recovery from lower levels of the day.
3- Long White Candle.
4- Closing is mixes but all the Indices recovered from lower levels of the day.

Ratios

Nifty Put Call Ratio: 19.61
Nifty P/E Ratio(24-06-2011): 0.96

Advances & Declines

BSE ADVANCES : 1115
BSE DECLINES : 1674
NSE ADVANCES :  556
NSE DECLINES :  849

Nifty Open Interest Changed Today

Nifty- 5200 CE(Jun)- -302400(-12.74%)
Nifty- 5200 PE(Jun)- +854150(+9.82%)

Nifty- 5300 CE(Jun)- -519900(-9.74%)
Nifty- 5300 PE(Jun)- +1740600(+28.44%)

Nifty- 5400 CE(Jun)- -109500(-1.58%)
Nifty- 5400 PE(Jun)- +254050(+5.72%)

Closing 

Nifty- closed at 5,320.00(+41.70 Points & +0.79%)
Sensex- closed at 17,727.49(+176.86 Points & +1.01%%)
CNX MIDCAP - closed at 7,642.75(+11.10 Points & +0.15%)
BSE SMALL CAP- closed at 7,781.94(-25.77 Points & -0.33%)

FII Trading Data in Derivatives Segment on 23-Jun-2011

FII & DII trading activity in Capital Market Segment on 23-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 23-Jun-2011 1902.96 1673.75 229.21

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Jun-2011 866.12 624.17 241.95

Nifty Spot-Levels & Trading Strategy for 24-06-2011

Nifty Spot-Levels

R3 5427
R2 5378
R1 5349
Avg 5300
S1 5271
S2 5222
S3 5193

Nifty Spot-Trading Strategy

H6 5399     Trgt 2
H5 5380     Trgt 1
H4 5362     Long breakout
H3 5341     Go Short
H2 5334
H1 5327
L1 5312
L2 5305
L3 5298     Long
L4 5277     Short Breakout
L5 5259     Trgt 1
L6 5240     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 24-06-2011

Nifty(Jun Fut)-Levels

R3 5421
R2 5379
R1 5347
Avg 5305
S1 5273
S2 5231
S3 5199

Nifty(Jun Fut)-Trading Strategy

H6 5390     Trgt 2
H5 5373     Trgt 1
H4 5356     Long breakout
H3 5336     Go Short
H2 5329
H1 5322
L1 5309
L2 5302
L3 5295     Long
L4 5275     Short Breakout
L5 5258     Trgt 1
L6 5241     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 24-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10715
R2 10642
R1 10591
Avg 10518
S1 10467
S2 10394
S3 10343

Bank Nifty(Jun Fut)-Trading Strategy

H6 10666     Trgt 2
H5 10637     Trgt 1
H4 10609     Long breakout
H3 10575     Go Short
H2 10563
H1 10552
L1 10529
L2 10518
L3 10506     Long
L4 10472     Short Breakout
L5 10444     Trgt 1
L6 10415     Trgt 2

Pre-closing Outlook(23-06-2011)

Sharp recovery seen after lower levels consolidations today. Nifty is trading between 5300-5330 for the last 4 hours with mixed patterns and sustaining beyond this range will be firstly watched tomorrow for next moves confirmations.

US futures traded whole day in Red and Dow's futures is 58 points down at this moment. All the Asian markets closed flat to negative and all European markets are about 1% down at this moment while Indian markets are going close more than.75% up therefore it is clear that Indian markets outperformed global markets today and it is sign of strength.

Last 4 hours intraday charts are also showing consolidations indications therefore up moves hopes from here are alive at the closing of today.

Sustaining beyond 5300-5330 will be firstly watched tomorrow for next moves confirmations.

Mid-session Outlook(23-06-2011)

Dow's futures is more than 40 points down since morning today and and whole Asian markets are flat to weak today but Indian markets recovered from lower levels and trading positive today because good lower levels buying was seen yesterday. Lower levels buying levels have already been explained many times in yesterday posted topics.

3 days trading range is 5250-5320 and Nifty is trading near its higher levels after recovering from its lower levels today. Today intraday charts are showing good consolidation at lower levels and it is sign of strength. crossing 5320 will be first strong indication of up moves beginning.

Sustaining above 5329/5356 will be confirmation returning of Bulls.

5250-5320 break out will decide Market Trend

Although all the global markets were weak but Indian markets were not told weak in Pre-open Outlook and trading range of 5250-5290 was given and Nifty is traded between this range(highest-5289.90 and lowest-5252.25) in first hour. Lower levels buying and higher levels selling seen in last 3 sessions and buying/selling ranges have already been explained following 2 topics yesterday:-

1- Nifty-Micro Analysis of 3 days Intra Day Chart(Jun 20 to Jun 22,2011)
2- Nifty-Micro Analysis of Intra Day Chart For 23-06-2011

Nifty traded between 5250-5320 in last 3 sessions with buying and selling within this range. Indian markets will prepare for next moves between this range and break out of this range will be next moves confirmation.

Let market prepare for next moves within mentioned range then next moves and break out direction will be will be predicted from intraday charts patterns of coming sessions.


Be Bullish or Bearish according to break out 5250-5320.

Pre-open Outlook(23-06-2011)

All the Asian markets are down today morning after Red closing of US markets therefore sentiment is weak today morning. Nifty traded between 5250-5320 in last 3 days with lower levels buying and higher levels selling. Expected that Nifty will trade within lower band of this range range after weak opening today.

Next good supports below mentioned range are within 5220-5250 therefore any immediate fall is not expected and firstly more selling is required between 5250-5282 for any down moves.

Quiet range bound market expected between 5250-5290 today.

Nifty-Micro Analysis of 3 days Intra Day Chart(Jun 20 to Jun 22,2011)

Nifty-Intra Day Chart(Jun 20 to Jun 22,2011):-

Just click on chart for its enlarged view

Main Features

1- Higher levels selling
2- Lower levels buying
3- 3 Days trading range is 5250-5320

Conclusions

Nifty slipped 141 points in 10 minutes and crucial supports broken down on 20-06-2011 after 'DTAA renegotiation' news. 3 crucial patterns(H & S,18 Months Rising Trend Line and 34 Sessions Trading Range) broken down in this sharp fall. Last technical formality of 3 days sustaining below crucial levels have also been completed on 22-06-2011 but required selling is not seen and lower levels buying was also seen in these 3 days within (5250-5320).

Last 3 sessions trading range break out and sustaining beyond must be watched because:-

1- Intraday patterns are mixed(both buying and selling)
2- 3 crucial patterns break down was news(DTAA renegotiation) based therefore whipsaw possiblity will also be considered after lower levels buying in these 3 days.

Indian markets will prepare for next moves between 5250-5320. Break out and sustaining beyond this range will be next moves confirmations. Let market reach at breaking out point then its inplications will be explained. 

Indian Stock Markets Closing Reports(22-06-2011)

Main features of today trading are as follows

1- Flat to Red closing in all the Indices.
2- Intraday charts showing lower levels consolidations.
3- Black Candles

Ratios

Nifty Put Call Ratio: 0.80
Nifty P/E Ratio(22-06-2011): 19.46

Advances & Declines

BSE ADVANCES : 986
BSE DECLINES :1876
NSE ADVANCES : 411
NSE DECLINES :1000

Nifty Open Interest Changed Today

Nifty- 5200 CE(Jun)- -8650(-0.36%)
Nifty- 5200 PE(Jun)- +942150(+11.55%)

Nifty- 5300 CE(Jun)- +140650(+2.62%)
Nifty- 5300 PE(Jun)- +550000(+9.40%)

Nifty- 5400 CE(Jun)- +1006000(+16.03%)
Nifty- 5400 PE(Jun)- -186450(-3.79%)

Closing 

Nifty- closed at 5,278.30(+2.45 Points & +0.05%)
Sensex- closed at 17,550.63(-9.67 Points & -0.06%)
CNX MIDCAP - closed at 7,631.65(-66.40 Points & -0.86%)
BSE SMALL CAP- closed at 7,807.71(-66.43 Points & -0.84%)

FII Trading Data in Derivatives Segment on 22-Jun-2011

FII & DII trading activity in Capital Market Segment on 22-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 22-Jun-2011 1842.76 2130.16 -287.4

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Jun-2011 824.99 667.62 157.37

Nifty-Micro Analysis of Intra Day Chart For 23-06-2011

Nifty-Intra Day Chart(22-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Consolidation between 5263-5282
2- Minor selling between 5287-5297

Conclusions

Last 2 days selling patterns but today consolidation patterns therefore last 3 sessions consolidated positions are mixed between 5250-5320 and suggesting that Nifty will trade first within 5250-5320 and prepare for next moves as well as sustaining beyond mentioned range will be first strong indication of next moves.