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Nifty Spot-Levels & Trading Strategy for 04-07-2011
Nifty Spot-Levels
R3 5781
R2 5743
R1 5685
Avg 5647
S1 5589
S2 5551
S3 5493
Nifty Spot-Trading Strategy
H6 5723 Trgt 2
H5 5701 Trgt 1
H4 5679 Long breakout
H3 5653 Go Short
H2 5644
H1 5635
L1 5618
L2 5609
L3 5600 Long
L4 5574 Short Breakout
L5 5552 Trgt 1
L6 5530 Trgt 2
R3 5781
R2 5743
R1 5685
Avg 5647
S1 5589
S2 5551
S3 5493
Nifty Spot-Trading Strategy
H6 5723 Trgt 2
H5 5701 Trgt 1
H4 5679 Long breakout
H3 5653 Go Short
H2 5644
H1 5635
L1 5618
L2 5609
L3 5600 Long
L4 5574 Short Breakout
L5 5552 Trgt 1
L6 5530 Trgt 2
Nifty(Jul Fut)-Levels & Trading Strategy for 04-07-2011
Nifty(Jul Fut)-Levels
R3 5774
R2 5738
R1 5688
Avg 5652
S1 5602
S2 5566
S3 5516
Nifty(Jul Fut)-Trading Strategy
H6 5724 Trgt 2
H5 5704 Trgt 1
H4 5685 Long breakout
H3 5661 Go Short
H2 5653
H1 5645
L1 5630
L2 5622
L3 5614 Long
L4 5590 Short Breakout
L5 5571 Trgt 1
L6 5551 Trgt 2
R3 5774
R2 5738
R1 5688
Avg 5652
S1 5602
S2 5566
S3 5516
Nifty(Jul Fut)-Trading Strategy
H6 5724 Trgt 2
H5 5704 Trgt 1
H4 5685 Long breakout
H3 5661 Go Short
H2 5653
H1 5645
L1 5630
L2 5622
L3 5614 Long
L4 5590 Short Breakout
L5 5571 Trgt 1
L6 5551 Trgt 2
Bank Nifty(Jul Fut)-Levels & Trading Strategy for 04-07-2011
Bank Nifty(Jul Fut)-Levels
R3 11490
R2 11418
R1 11356
Avg 11284
S1 11222
S2 11150
S3 11088
Bank Nifty(Jul Fut)-Trading Strategy
H6 11429 Trgt 2
H5 11399 Trgt 1
H4 11368 Long breakout
H3 11331 Go Short
H2 11319
H1 11307
L1 11282
L2 11270
L3 11258 Long
L4 11221 Short Breakout
L5 11190 Trgt 1
L6 11160 Trgt 2
R3 11490
R2 11418
R1 11356
Avg 11284
S1 11222
S2 11150
S3 11088
Bank Nifty(Jul Fut)-Trading Strategy
H6 11429 Trgt 2
H5 11399 Trgt 1
H4 11368 Long breakout
H3 11331 Go Short
H2 11319
H1 11307
L1 11282
L2 11270
L3 11258 Long
L4 11221 Short Breakout
L5 11190 Trgt 1
L6 11160 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Jul 04 to Jul 08,2011)
Nifty Spot-Weekly Levels
R3 6014
R2 5859
R1 5743
Avg 5588
S1 5472
S2 5317
S3 5201
Nifty Spot-Weekly Trading Strategy
H6 5907 Trgt 2
H5 5841 Trgt 1
H4 5776 Long breakout
H3 5701 Go Short
H2 5676
H1 5651
L1 5602
L2 5577
L3 5552 Long
L4 5477 Short Breakout
L5 5412 Trgt 1
L6 5346 Trgt 2
R3 6014
R2 5859
R1 5743
Avg 5588
S1 5472
S2 5317
S3 5201
Nifty Spot-Weekly Trading Strategy
H6 5907 Trgt 2
H5 5841 Trgt 1
H4 5776 Long breakout
H3 5701 Go Short
H2 5676
H1 5651
L1 5602
L2 5577
L3 5552 Long
L4 5477 Short Breakout
L5 5412 Trgt 1
L6 5346 Trgt 2
Pre-closing Outlook(01-07-2011)
Good support between 5600-5625 and expected that Nifty will get support near about this range.
Nifty traded last 3 hours hours within 5612-5635 and today lowest is at 5609.75. Although last 3 hours intraday formations are showing mixed patterns but whole day intraday patterns of today are showing consolidation indications despite higher levels selling.
Expected that Nifty will trade and consolidate between 5600-5700 on next Monday/Tuesday and after that next rally will resume.
Mid-session Outlook(01-07-2011)
We always tell well in advance before any move in Indian stock markets. Although Indian markets were trading with good gains but we saw weakness and profit booking possibility.
we updated weakness and profit booking possibility within first 8 minutes today in and regular fall seen after that. As per our views no business channel or website would have told for today Indian market weakness so early.
We are having 4 years record of such accurate predictions therefore we have written following slogan at the left top of this Blog:-
Indian Stock Markets Operators can never deceive this Blog's Outlooks
Intraday correction was due and it is being seen at this moment. Good support between 5600-5625 and expected that Nifty will get support near about this range.
we updated weakness and profit booking possibility within first 8 minutes today in and regular fall seen after that. As per our views no business channel or website would have told for today Indian market weakness so early.
We are having 4 years record of such accurate predictions therefore we have written following slogan at the left top of this Blog:-
Indian Stock Markets Operators can never deceive this Blog's Outlooks
Intraday correction was due and it is being seen at this moment. Good support between 5600-5625 and expected that Nifty will get support near about this range.
Post-open Outlook(01-07-2011)
Gap up but Weak opening. Profit booking possibility will also be considered.
Pre-open Outlook(01-07-2011)
As global cues are positive therefore Green zone trading after gap up opening will be seen today. Market require complete selling for any correction signal and no such indication till yesterday. Strong rally expected after 5600 break out but sentiment is heated therefore intraday voltality may be seen but finally positive closing expected today.
(Postings were interrupted yesterday due to some unavoidable reasons and will remain continued now)
Bull Market 4 Strong Confirmations
As posting was not possible in Blog due to technical problem in blogger.com therefore posting was not done in my Blog but Today Outlook was posted in My face book Group today. Same outlook is being reproduced in following lines now.
As we always talk with proofs therefore my Face book group link is being given below.for anyone verifications;-
http://www.facebook.com/home.php?sk=group_117590304976168&ap=1
Market Outlook(30-06-2011)
Bullish markets 4 confirmations are as follows:-
1- Nifty traded most of the time above 200 Day EMA(5577) with intraday consolidation pattern yesterday therefore long term trend turning up possibility is high now.
2- Nifty cleared all the resistances and closed at the top of 38 trading sessions range(5329-5604) yesterday.
3- Nifty recovered 12 sessions fall in just 4 previous sessions and these forceful moves are strong indication of rally.
4- MACD is stronger indicator of trend confirmation and is positive after MACD line upward intersection of Average line.
First 4 days consolidation and base formation after spreading 'DTAA renegotiation'(Mauritious treaty) news by Business Channels and then 4 days consolidations below 5329 was seen. Last 4 sessions forceful up moves are strong indication of rally above 5600 after 38 sessions range bound market.
As Very short term indicators are overbought therefore voltality may be seen after minor profit booking but it should be kept in mind that indicators remains overbought for longer period in Bullish markets and corrections are seen at higher levels.
Global cues are positive today morning therefore gap up opening and trading above 5600 will be seen. Although technical confirmation formality of 3 days sustaining above 5604/3% move above 5604 is left but very much expected that worst of Indian markets is over after 38 sessions range bound market and strong rally above 5600 will be seen in Indian marlkets because all the bullish trend lines turned valid after last 4 sessions rally.
Whole day positive market after gap up opening and June derivative series closing at new top will be seen today.
4 Strong Confirmations of Bull Market have been explained above today but all the outlooks of last 7 sessions from the bottom of rally are live proofs of this fact that only up moves were projected more than 50 times daily in last 7 days and never told for any down move. It is open fact and anyone can verify any time.
As we always talk with proofs therefore my Face book group link is being given below.for anyone verifications;-
http://www.facebook.com/home.php?sk=group_117590304976168&ap=1
Market Outlook(30-06-2011)
Bullish markets 4 confirmations are as follows:-
1- Nifty traded most of the time above 200 Day EMA(5577) with intraday consolidation pattern yesterday therefore long term trend turning up possibility is high now.
2- Nifty cleared all the resistances and closed at the top of 38 trading sessions range(5329-5604) yesterday.
3- Nifty recovered 12 sessions fall in just 4 previous sessions and these forceful moves are strong indication of rally.
4- MACD is stronger indicator of trend confirmation and is positive after MACD line upward intersection of Average line.
First 4 days consolidation and base formation after spreading 'DTAA renegotiation'(Mauritious treaty) news by Business Channels and then 4 days consolidations below 5329 was seen. Last 4 sessions forceful up moves are strong indication of rally above 5600 after 38 sessions range bound market.
As Very short term indicators are overbought therefore voltality may be seen after minor profit booking but it should be kept in mind that indicators remains overbought for longer period in Bullish markets and corrections are seen at higher levels.
Global cues are positive today morning therefore gap up opening and trading above 5600 will be seen. Although technical confirmation formality of 3 days sustaining above 5604/3% move above 5604 is left but very much expected that worst of Indian markets is over after 38 sessions range bound market and strong rally above 5600 will be seen in Indian marlkets because all the bullish trend lines turned valid after last 4 sessions rally.
Whole day positive market after gap up opening and June derivative series closing at new top will be seen today.
4 Strong Confirmations of Bull Market have been explained above today but all the outlooks of last 7 sessions from the bottom of rally are live proofs of this fact that only up moves were projected more than 50 times daily in last 7 days and never told for any down move. It is open fact and anyone can verify any time.
Nifty-Micro Analysis of Intra Day Chart For 29-06-2011
Nifty-Intra Day Chart(29-06-2011):-
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. |
| Just click on chart for its enlarged view |
1-Consolidation between 5575-5596
2-Whole day intraday consolidations
Conclusions
Indian Stock Markets Closing Reports(29-06-2011)
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 & DII trading activity in Capital Market Segment on 29-Jun-2011
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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
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
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.
"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)
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):-
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.
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 |
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.
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