Nifty-Micro Analysis of Intra Day Chart For 27-06-2011

Nifty-Intra Day Chart(24-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Buying between 5376-5395
2- Buying between 5407-5418
3- Last 1 hour selling between 5453-5475

Conclusions

Vertical rise seen today with intraday consolidations and last 1 hour selling indications seen and minor Rising Wedge(Bearish pattern) is also visible within it. Minor selling pattern at the higher levels is an indication of small down move only and first trading range will be decided according to sentiment Monday morning.

Final conclusions will be posted after Technical Analysis and Researches from EOD charts in the coming topics in next 2 days.

13 Recent Topics,Technical Analysis,News & Research For 27-06-2011 Trading

13 Topics have been posted for 27-06-2011 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:-

Topics prepared by Enjoy Daily Profits

1-  Pre-closing Outlook(24-06-2011)
2-  Nifty Spot-Weekly Levels & Trading Strategy(Jun 27 to Jul 01,2011)
3-  Bank Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2011
4-  Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2011
5-  Nifty Spot-Levels & Trading Strategy for 27-06-2011
6-  Indian Stock Markets Closing Reports(24-06-2011)
7-  FII & DII trading activity in Capital Market Segment on 24-Jun-2011
8-  FII Trading Data in Derivatives Segment on 24-Jun-2011
9-  Nifty-Micro Analysis of Intra Day Chart For 27-06-2011
10- Steel like Strong Support between 5250-5330
11- 3 Whipsaws(False signals) in Indian markets on 20-06-2011
12- 18 months Rising Trend Line is valid Now
13- 4 months Head & Shoulders Pattern in EOD Chart

FII Trading Data in Derivatives Segment on 24-Jun-2011

FII & DII trading activity in Capital Market Segment on 24-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 24-Jun-2011 3682.65 2792.21 890.44

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Jun-2011 1064.62 1551.47 -486.85

Indian Stock Markets Closing Reports(24-06-2011)

Main features of today trading are as follows

1- Long White Candle
2- All the Indices closed positive with good gains.
3- Nifty entered into 34 sessions range again today and Indian markets are now range bound(5329-5604).

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(24-06-2011): 20.17

Advances & Declines

BSE ADVANCES : 1980
BSE DECLINES :  865
NSE ADVANCES : 1162
NSE DECLINES :  271

Nifty Open Interest Changed Today

Nifty- 5300 CE(Jun)- -1426450(-31.36%)
Nifty- 5300 PE(Jun)- +1729950(+23.87%)

Nifty- 5400 CE(Jun)- -1213800(-17.91%)
Nifty- 5400 PE(Jun)- +4905250(+110.68%)

Nifty- 5500 CE(Jun)- -598450(-7.46%)
Nifty- 5500 PE(Jun)- +2778800(+129.51%)

Nifty- 5600 CE(Jun)- -359400(-4.39%)
Nifty- 5600 PE(Jun)- -42650(-4.65%)

Closing 

Nifty- closed at 5,471.25(+151.25 Points & +2.84%)
Sensex- closed at 18,240.68(+513.19 Points & +2.89%)
CNX MIDCAP - closed at 7,799.10(+156.35 Points & +2.05%)
BSE SMALL CAP- closed at 7,922.38(+140.44 Points & +1.80%)

Nifty Spot-Levels & Trading Strategy for 27-06-2011

Nifty Spot-Levels

R3 5651
R2 5564
R1 5517
Avg 5430
S1 5383
S2 5296
S3 5249

Nifty Spot-Trading Strategy

H6 5608     Trgt 2
H5 5576     Trgt 1
H4 5544     Long breakout
H3 5507     Go Short
H2 5495
H1 5483
L1 5458
L2 5446
L3 5434     Long
L4 5397     Short Breakout
L5 5365     Trgt 1
L6 5333     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2011

Nifty(Jun Fut)-Levels

R3 5692
R2 5591
R1 5537
Avg 5436
S1 5382
S2 5281
S3 5227

Nifty(Jun Fut)-Trading Strategy

H6 5643     Trgt 2
H5 5606     Trgt 1
H4 5569     Long breakout
H3 5526     Go Short
H2 5512
H1 5498
L1 5469
L2 5455
L3 5441     Long
L4 5398     Short Breakout
L5 5361     Trgt 1
L6 5324     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11267
R2 11082
R1 10981
Avg 10796
S1 10695
S2 10510
S3 10409

Bank Nifty(Jun Fut)-Trading Strategy

H6 11173     Trgt 2
H5 11105     Trgt 1
H4 11037     Long breakout
H3 10958     Go Short
H2 10932
H1 10906
L1 10853
L2 10827
L3 10801     Long
L4 10722     Short Breakout
L5 10654     Trgt 1
L6 10586     Trgt 2

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.