Nifty-Micro Analysis of Intra Day Chart For 29-06-2011

Nifty-Intra Day Chart(29-06-2011):-

Just click on chart for its enlarged view

Main Features

1-Consolidation between 5575-5596
2-Whole day intraday consolidations

Conclusions

Consolidation at the top of resistance range clearly means its crossing and trading above 5600 tomorrow. As very short term indicators are overbought therefore intraday voltality may be seen.

Indian Stock Markets Closing Reports(29-06-2011)

Main features of today trading are as follows

1- White Candle after gap up opening.
2- All the Indices are showing consolidations.
3- Closing at the top of 38 range bound sessions.

Ratios

Nifty Put Call Ratio: 20.65
Nifty P/E Ratio(29-06-2011): 1.10

Advances & Declines

BSE ADVANCES : 1813
BSE DECLINES : 1072
NSE ADVANCES :  939
NSE DECLINES :  469

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- -1012250(-20.48%)
Nifty- 5500 PE(Jun)- +1801350(+24.62%)

Nifty- 5600 CE(Jun)- +425000(+5.57%)
Nifty- 5600 PE(Jun)- +2877100(+65.06%)

Nifty- 5700 CE(Jun)- +2761500(+46.63%)
Nifty- 5700 PE(Jun)- +107150(+32.32%)

Closing 

Nifty- closed at +5,600.45(+55.15 Points & +0.99%%)
Sensex- closed at +18,693.86(+201.41 Points & +1.09%)
CNX MIDCAP - closed at +7,966.75(+41.90 Points & +0.53%)
BSE SMALL CAP- closed at +8,110.30(+76.67 Points & +0.95%)

FII Trading Data in Derivatives Segment on 29-Jun-2011

FII & DII trading activity in Capital Market Segment on 29-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 29-Jun-2011 3099.16 2429.81 669.35

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Jun-2011 1290.67 1531.26 -240.59

Nifty Spot-Levels & Trading Strategy for 30-06-2011

Nifty Spot-Levels

R3 5658
R2 5633
R1 5616
Avg 5591
S1 5574
S2 5549
S3 5532

Nifty Spot-Trading Strategy

H6 5642     Trgt 2
H5 5632     Trgt 1
H4 5623     Long breakout
H3 5611     Go Short
H2 5607
H1 5603
L1 5596
L2 5592
L3 5588     Long
L4 5576     Short Breakout
L5 5567     Trgt 1
L6 5557     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 30-06-2011

Nifty(Jun Fut)-Levels

R3 5670
R2 5641
R1 5622
Avg 5593
S1 5574
S2 5545
S3 5526

Nifty(Jun Fut)-Trading Strategy

H6 5652     Trgt 2
H5 5641     Trgt 1
H4 5630     Long breakout
H3 5617     Go Short
H2 5612
H1 5608
L1 5599
L2 5595
L3 5590     Long
L4 5577     Short Breakout
L5 5566     Trgt 1
L6 5555     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 30-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11279
R2 11230
R1 11197
Avg 11148
S1 11115
S2 11066
S3 11033

Bank Nifty(Jun Fut)-Trading Strategy

H6 11246     Trgt 2
H5 11227     Trgt 1
H4 11209     Long breakout
H3 11186     Go Short
H2 11179
H1 11171
L1 11156
L2 11148
L3 11141     Long
L4 11118     Short Breakout
L5 11100     Trgt 1
L6 11081     Trgt 2

Pre-closing Outlook(29-06-2011)

Following line was told in Market Outlook today:-

"Crucial and next trend deciding resistance range is 5555-5600 and Nifty will trade between and beyond this range today and tomorrow"

Nifty traded whole day within mentioned range and being close near 5600 also.

It is clear that whole day trading on the verge of most crucial and trend deciding level is strong indication decisive trend formations.

Intraday patterns of today are showing consolidations therefore up moves possibility is higher after today.

Mid-session Outlook (29-06-2011)

Nifty traded most of the time within mentioned resistance range since opening today with intraday patterns are showing consolidations therefore breaking out and sustaining above 5600 turns higher today.

Some more consolidations and indicetions are required for sustaining above but possibility of rally above 5600 is higher now.

Market Outlook(29-06-2011)

Global cues are positive today morning therefore gap up opening will be seen but Indian markets consolidated whole day yesterday therefore consolidations and up moves were clearly told 3 times during trading hours in following words yesterday:-

1- At 09:30 AM in Post-open Outlook:-

"First 10 minutes intraday moves are showing positive market indications" 

2- At 01:18 PM in Mid-session Outlook:-

"Intra day patterns are suggesting consolidations today at lower levels and up moves from here possibilities turns higher now"

3- At 03:05 PM in Pre-closing Outlook;-

"Clear lower levels consolidation patterns between 5500-5525 today"

Following lines were told after closing of market in Nifty-Micro Analysis of Intra Day Chart For 29-06-2011

"Clear lower levels consolidation patterns between 5500-5525 today and whole day intraday patterns are also suggesting consolidations therefore moving and sustaining above 5552 possibility turned higher today"

Short term and Intermediate term trends are up today and only Long term trend is down,which will be up after sustaining above 200 Day EMA(5577). Nifty has almost cleared resistances upto 5555 and remaining resistance between 5555-5600 is also strong ang market require consolidation between or beyond this range for sustaining and rally above 5600.

Daily MACD turned positive. ROC and RSI also have moved into positive zone and seeing up ward,but very short term indicators are overboufgt therefore suggesting minor correction.

As Nifty has retraced 3 times from 200 Day EMA and 5600 earlier,again testing near by levels in heated sentiments today therefore profit booking possibility also can not be ruled out.

Nifty-EOD Chart(28-06-2011):-

Just click on chart for its enlarged view

Crucial and next trend deciding resistance range is 5555-5600 and Nifty will trade between and beyond this range today and tomorrow. Consolidation will mean beginning of blasting 250 points rally and distribution will mean again returning into  36 sessions range bounding market.

As good consolidations and Bullish hammer candle yesterday just below mentioned resistance range(5555-5600) therefore crossing and sustaining above 5600 possibility is higher after fresh consolidations in the coming sessions.

Let final conclusions come after intraday charts analysis then next moves will be declated as today upmove was told during trading hours yesterday. 

5555-5605 is next moves first confirmation range.

Nifty-Micro Analysis of Intra Day Chart For 29-06-2011

Nifty-Intra Day Chart(28-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Consolidation between 5500-5525
2- Intraday patterns are showing whole day consolidations.

Conclusions

Clear lower levels consolidation patterns between 5500-5525 today and and whole day intraday patterns are also suggesting consolidations therefore moving and sustaining above 5552 possibility turned higher today.

FII Trading Data in Derivatives Segment on 28-Jun-2011

Indian Stock Markets Closing Reports(28-06-2011)

Main features of today trading are as follows                                                                                   
1- Long tail Doji Candle.
2- Most Indices closed positive with moderate gains
3- Almost all the Indices are showing intraday consolidations.

Ratios

Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(28-06-2011): 20.44

Advances & Declines

BSE ADVANCES : 1457
BSE DECLINES : 1392
NSE ADVANCES :  754
NSE DECLINES :  646

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- +323050(+6.41%)
Nifty- 5500 PE(Jun)- +923300(+14.15%)

Nifty- 5600 CE(Jun)- +383300(+5.28%)
Nifty- 5600 PE(Jun)- +598800(+15.46%)

Closing 

Nifty- closed at 5,545.30(+18.70 Points & +0.34%)
Sensex- closed at 18,492.45(+80.04 Points & +0.43% )
CNX MIDCAP - closed at 7,924.85(+22.10 Points & +0.28%)
BSE SMALL CAP- closed at 8,033.63(+47.74 Points & +0.60%)

FII & DII trading activity in Capital Market Segment on 28-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 28-Jun-2011 2774.22 1954.81 819.41

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Jun-2011 999.42 1574.48 -575.06

Nifty Spot-Levels & Trading Strategy for 29-06-2011

Nifty Spot-Levels

R3 5632
R2 5595
R1 5570
Avg 5533
S1 5508
S2 5471
S3 5446

Nifty Spot-Trading Strategy

H6 5607     Trgt 2
H5 5593     Trgt 1
H4 5579     Long breakout
H3 5562     Go Short
H2 5556
H1 5550
L1 5539
L2 5533
L3 5527     Long
L4 5510     Short Breakout
L5 5496    Trgt 1
L6 5482    Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 29-06-2011

Nifty(Jun Fut)-Levels

R3 5641
R2 5599
R1 5574
Avg 5532
S1 5507
S2 5465
S3 5440

Nifty(Jun Fut)-Trading Strategy

H6 5616     Trgt 2
H5 5601     Trgt 1
H4 5585    Long breakout
H3 5567     Go Short
H2 5561
H1 5555
L1 5542
L2 5536
L3 5530     Long
L4 5512    Short Breakout
L5 5496     Trgt 1
L6 5481     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 29-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11283
R2 11208
R1 11139.
Avg 11064
S1 10995
S2 10920
S3 10851

Bank Nifty(Jun Fut)-Trading Strategy

H6 11215     Trgt 2
H5 11182     Trgt 1
H4 11149     Long breakout
H3 11109     Go Short
H2 11096
H1 11083
L1 11056
L2 11043
L3 11030     Long
L4 10990     Short Breakout
L5 10957     Trgt 1
L6 10924     Trgt 2

Pre-closing Outlook(28-06-2011)

Nifty traded most of the time between 5515-5552 with intraday mixed patterns therefore today same trading range was given for next moves confirmations. Nifty again traded today most of the time between yesterday range and prepared for next moves. Clear lower levels consolidation patterns between 5500-5525 today and sustaining above 5552 will be next up moves confirmations.

Mid-session Outlook (28-06-2011)

Mixed intra day patterns were told between yesterday range and Nifty traded most of the time and prepared for next moves within yesterday range since opening today. Intra day patterns are suggesting consolidations today at lower levels and up moves from here possibilities turns higher now and next confirmation will be sustaining above 5552.

Post-open Outlook(28-06-2011)

As mixed intraday trading positions yesterday therefore Nifty is trading within yesterday trading range(5515-5552) after positive opening today. Firstly follow up buying/selling and after that sustaining beyond yesterday mentioned range will be next immediate moves strong indication.

First 10 minutes intraday moves are showing positive market indications and rest will depend on sustaining beyond mentioned range.

Market Outlook(28-06-2011)

Firstly base formation below 5329,then strong rally and whole day trading between resistance range(5480-5605) yesterday. As trding between resistance range therefore require consolidation and genuine rally will begin after sustaining above 5605.

Nifty traded between 5515-5552 with mixed patterns yesterday and require to consolidate as well as sustain above 5552 after positive opening amid strong global cues today. Pull back rally is very much on and will fuse only after complete selling patterns and such formations are not seen till yesterday.

As sentiment positive after most Green global markets therefore trading is expected most of the time  between 5515-5604 after positive opening today morning. Last week begun uptrend is very much intact and its continuation is expected also.As mixed intraday patterns yesterday therefore follow up buying/selling today will be watched first for next immediate moves confirmations.