I always tell that no one can deceive the outlooks of this Blog and its today live proof is as follows. Floowing line was told before the opening of today market in Market Outlook(08-07-2011):-
"minor profit booking may be seen"
As was told 100% same happened and Nifty slipped from 5740 to 5707 within first 21 minutes. As sentiment was heated therefore minor intraday correction after minor profit booking is being seen and today expected first trading range is 5695-5740. Indian markets will first prepare for next moves within this range and break out of this range will give next moves first indication.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Market Outlook(08-07-2011)
Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topic with 1 Chart therefore not being repeated:-
Nifty-Micro Analysis of Intra Day Chart For 08-07-2011
All trends are up and Indian markets will open gap up today after positive global cues. Sentiment heated today morning therefore voltality after minor profit booking may be seen but market require complete selling patterns minimum on intraday charts for any correction. Whenever any profit booking will develop then will be informed in the same manner as was told non stop again and again before the beginning of yesterday rally. As we always talk with proofs therefore live proofs of our above statement are as follows:-
1- Market Outlook(07-07-2011)
"5600 will be finally saved and fresh rally above 5672 will commence from coming sessions"
"indian markets will open little positive,test resistances of last 5 sessions range and finally close positive today"
2- Nifty-Micro Analysis of Intra Day Chart For 07-07-2011
"5600 will be finally saved and rally will be seen in the coming sessions"
3- Pre-closing Outlook(06-07-2011)
"Support at 5600 became stronger today. Rally possibility is still alive despite Red closing near 5600 today"
4- Mid-session Outlook-2(06-07-2011)
"Intraday indicators are showing divergence in last 3 hours therefore up moves possibility is also alive despite Red zone today"
Nifty-Micro Analysis of Intra Day Chart For 08-07-2011
All trends are up and Indian markets will open gap up today after positive global cues. Sentiment heated today morning therefore voltality after minor profit booking may be seen but market require complete selling patterns minimum on intraday charts for any correction. Whenever any profit booking will develop then will be informed in the same manner as was told non stop again and again before the beginning of yesterday rally. As we always talk with proofs therefore live proofs of our above statement are as follows:-
1- Market Outlook(07-07-2011)
"5600 will be finally saved and fresh rally above 5672 will commence from coming sessions"
"indian markets will open little positive,test resistances of last 5 sessions range and finally close positive today"
2- Nifty-Micro Analysis of Intra Day Chart For 07-07-2011
"5600 will be finally saved and rally will be seen in the coming sessions"
3- Pre-closing Outlook(06-07-2011)
"Support at 5600 became stronger today. Rally possibility is still alive despite Red closing near 5600 today"
4- Mid-session Outlook-2(06-07-2011)
"Intraday indicators are showing divergence in last 3 hours therefore up moves possibility is also alive despite Red zone today"
Nifty-Micro Analysis of Intra Day Chart For 08-07-2011
Nifty-Intra Day Chart(07-07-2011):-
Technical Positions of today intraday charts
1- Good intraday consolidation between 5675-5695
2- Whole day consolidation
Conclusions
All trends are up and fresh up moves begun today. Whole day good consolidations today therefore rally will remain continued and following resistances will be tested in the coming sessions:-
1- 5775
2- 5850
3- 5944
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| Just click on chart for its enlarged view |
1- Good intraday consolidation between 5675-5695
2- Whole day consolidation
Conclusions
All trends are up and fresh up moves begun today. Whole day good consolidations today therefore rally will remain continued and following resistances will be tested in the coming sessions:-
1- 5775
2- 5850
3- 5944
Indian Stock Markets Closing Reports(07-07-2011)
Main features of today trading are as follows
1 Long White Candle.
2- All the Indices closed in Green.
3- All trends upward confirmation.
Ratios
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(07-07-2011): 21.12
Advances & Declines
BSE ADVANCES : 1899
BSE DECLINES : 986
NSE ADVANCES : 986
NSE DECLINES : 420
Nifty Open Interest Changed Today
Nifty- 5700 CE(Jul)- -596150(-10.48%)
Nifty- 5700 PE(Jul)- +1969800(+111.07%)
Nifty- 5800 CE(Jul)- +1524550(+28.99%)
Nifty- 5800 PE(Jul)- +1413550(+213.43%)
Closing
Nifty- closed at 5,728.95(+103.50 Points & +1.84%)
Sensex- closed at 19,078.30(+351.33 Points & +1.88% )
CNX MIDCAP - closed at 8,175.75(+94.80 Points & +1.17%)
BSE SMALL CAP- closed at 8,447.99(+90.34 Points & +1.08%)
1 Long White Candle.
2- All the Indices closed in Green.
3- All trends upward confirmation.
Ratios
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(07-07-2011): 21.12
Advances & Declines
BSE ADVANCES : 1899
BSE DECLINES : 986
NSE ADVANCES : 986
NSE DECLINES : 420
Nifty Open Interest Changed Today
Nifty- 5700 CE(Jul)- -596150(-10.48%)
Nifty- 5700 PE(Jul)- +1969800(+111.07%)
Nifty- 5800 CE(Jul)- +1524550(+28.99%)
Nifty- 5800 PE(Jul)- +1413550(+213.43%)
Closing
Nifty- closed at 5,728.95(+103.50 Points & +1.84%)
Sensex- closed at 19,078.30(+351.33 Points & +1.88% )
CNX MIDCAP - closed at 8,175.75(+94.80 Points & +1.17%)
BSE SMALL CAP- closed at 8,447.99(+90.34 Points & +1.08%)
FII & DII trading activity in Capital Market Segment on 07-Jul-2011
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Nifty Spot-Levels & Trading Strategy for 08-07-2011
Nifty Spot-Levels
R3 5871
R2 5804
R1 5766
Avg 5699
S1 5661
S2 5594
S3 5556
Nifty Spot-Trading Strategy
H6 5834 Trgt 2
H5 5810 Trgt 1
H4 5785 Long breakout
H3 5756 Go Short
H2 5747
H1 5737
L1 5718
L2 5708
L3 5699 Long
L4 5670 Short Breakout
L5 5645 Trgt 1
L6 5621 Trgt 2
R3 5871
R2 5804
R1 5766
Avg 5699
S1 5661
S2 5594
S3 5556
Nifty Spot-Trading Strategy
H6 5834 Trgt 2
H5 5810 Trgt 1
H4 5785 Long breakout
H3 5756 Go Short
H2 5747
H1 5737
L1 5718
L2 5708
L3 5699 Long
L4 5670 Short Breakout
L5 5645 Trgt 1
L6 5621 Trgt 2
Nifty(Jul Fut)-Levels & Trading Strategy for 08-07-2011
Nifty(Jul Fut)-Levels
R3 5893
R2 5822
R1 5783
Avg 5712
S1 5673
S2 5602
S3 5563
Nifty(Jul Fut)-Trading Strategy
H6 5856 Trgt 2
H5 5830 Trgt 1
H4 5804 Long breakout
H3 5774 Go Short
H2 5764
H1 5754
L1 5733
L2 5723
L3 5713 Long
L4 5683 Short Breakout
L5 5657 Trgt 1
L6 5631 Trgt 2
R3 5893
R2 5822
R1 5783
Avg 5712
S1 5673
S2 5602
S3 5563
Nifty(Jul Fut)-Trading Strategy
H6 5856 Trgt 2
H5 5830 Trgt 1
H4 5804 Long breakout
H3 5774 Go Short
H2 5764
H1 5754
L1 5733
L2 5723
L3 5713 Long
L4 5683 Short Breakout
L5 5657 Trgt 1
L6 5631 Trgt 2
Bank Nifty(Jul Fut)-Levels & Trading Strategy for 08-07-2011
Bank Nifty(Jul Fut)-Levels
R3 11778
R2 11636
R1 11553
Avg 11411
S1 11328
S2 11186
S3 11103
Bank Nifty(Jul Fut)-Trading Strategy
H6 11698 Trgt 2
H5 11646 Trgt 1
H4 11593 Long breakout
H3 11531 Go Short
H2 11511
H1 11490
L1 11449
L2 11428
L3 11408 Long
L4 11346 Short Breakout
L5 11293 Trgt 1
L6 11241 Trgt 2
R3 11778
R2 11636
R1 11553
Avg 11411
S1 11328
S2 11186
S3 11103
Bank Nifty(Jul Fut)-Trading Strategy
H6 11698 Trgt 2
H5 11646 Trgt 1
H4 11593 Long breakout
H3 11531 Go Short
H2 11511
H1 11490
L1 11449
L2 11428
L3 11408 Long
L4 11346 Short Breakout
L5 11293 Trgt 1
L6 11241 Trgt 2
Pre-closing Outlook(07-07-2011)
Rally is continued after good intraday consolidtion between 5675-5695 today and expected that Nifty will test following resistances in the coming sessions.
1- 5775
2- 5850
3- 5944
1- 5775
2- 5850
3- 5944
Post-open Outlook(07-07-2011)
Rally is on and will remain continued.
Market Outlook(07-07-2011)
Nifty rallied 510 points in 7 sessions and crossed 39sessions range after 4 days consolidation below 5329. Very short term indicators moved in overbought tettoty therefore very short term correction became due and that is being seen for the last 5 sessions in range bound moves. It is the nature of bull markets that they tend to correct in range bound modes and it is being seen. As correction is on therefore next supports and Fibonacci retracement levels have already been updated in Market Outlook yesterday and last 5 sessions correction showing intraday chart is as follows:-
Nifty-Micro Analysis of 5 days Intra Day Chart(Jun 30 to Jul 06,2011)
Technical Positions in last 5 sessions intraday charts
1-Selling between 5648-5672
2-Intraday support between 5605-5625 in last 5 sessions
Conclusions
Some selling at high levels but supports above 5600 also seen in last 5 sessions within 5606-5672 therefore expected that 5600 will be finally saved and fresh rally above 5672 will commence from coming sessions.
Asian markets are mixed today morning and trading with minor gains/loss therefore sentiment is quiet and expected that Indian markets will open little positive,test resistances of last 5 sessions range and finally close positive today.
Nifty-Micro Analysis of 5 days Intra Day Chart(Jun 30 to Jul 06,2011)
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| Just click on chart for its enlarged view |
1-Selling between 5648-5672
2-Intraday support between 5605-5625 in last 5 sessions
Conclusions
Some selling at high levels but supports above 5600 also seen in last 5 sessions within 5606-5672 therefore expected that 5600 will be finally saved and fresh rally above 5672 will commence from coming sessions.
Asian markets are mixed today morning and trading with minor gains/loss therefore sentiment is quiet and expected that Indian markets will open little positive,test resistances of last 5 sessions range and finally close positive today.
Nifty-Micro Analysis of Intra Day Chart For 07-07-2011
Nifty-Intra Day Chart(06-07-2011):-
Main Features
1- 3 hours narrow range trading between 5611-5634
2- Minor selling between 5622-5634
3- Intraday support between 5611-5620
4- Intraday patterns are showing consolidations patterns in 45 points range bound market.
Conclusions
Mixed intraday positions but patterns of whole day intraday chart is showing consolidation formations therefore expected that 5600 will be finally saved and rally will be seen in the coming sessions.
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| Just click on chart for its enlarged view |
1- 3 hours narrow range trading between 5611-5634
2- Minor selling between 5622-5634
3- Intraday support between 5611-5620
4- Intraday patterns are showing consolidations patterns in 45 points range bound market.
Conclusions
Mixed intraday positions but patterns of whole day intraday chart is showing consolidation formations therefore expected that 5600 will be finally saved and rally will be seen in the coming sessions.
Indian Stock Markets Closing Reports(07-07-2011)
1- Doji Candle
2- Most Indices closed with minor gains or loss.
3- Whole day range bound trading above 5600.
Ratios
Nifty Put Call Ratio: 1.05
Nifty P/E Ratio(07-07-2011): 20.74
Advances & Declines
BSE ADVANCES : 1448
BSE DECLINES : 1420
NSE ADVANCES : 707
NSE DECLINES : 703
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jul)- +8100(+0.30%)
Nifty- 5500 PE(Jul)- +411200(+7.40%)
Nifty- 5600 CE(Jul)- +299400(+6.18%)
Nifty- 5600 PE(Jul)- +493650(+11.33%)
Nifty- 5700 CE(Jul)- +610750(+11.79%)
Nifty- 5700 PE(Jul)- +192450(+12.17%)
Closing
Nifty- closed at 5,625.45(-6.65 Points & -0.12%)
Sensex- closed at 18,726.97(-17.59 Points & -0.09% )
CNX MIDCAP - closed at 8,080.95(+12.05 Points & +0.15%)
BSE SMALL CAP- closed at 8,357.65(+19.23 Points & +0.23%)
FII & DII trading activity in Capital Market Segment on 06-Jul-2011
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Nifty Spot-Levels & Trading Strategy for 07-07-2011
Nifty Spot-Levels
R3 5695
R2 5675
R1 5650
Avg 5630
S1 5605
S2 5585
S3 5560
Nifty Spot-Trading Strategy
H6 5670 Trgt 2
H5 5659 Trgt 1
H4 5649 Long breakout
H3 5637 Go Short
H2 5633
H1 5629
L1 5620
L2 5616
L3 5612 Long
L4 5600 Short Breakout
L5 5590 Trgt 1
L6 5579 Trgt 2
R3 5695
R2 5675
R1 5650
Avg 5630
S1 5605
S2 5585
S3 5560
Nifty Spot-Trading Strategy
H6 5670 Trgt 2
H5 5659 Trgt 1
H4 5649 Long breakout
H3 5637 Go Short
H2 5633
H1 5629
L1 5620
L2 5616
L3 5612 Long
L4 5600 Short Breakout
L5 5590 Trgt 1
L6 5579 Trgt 2
Nifty(Jul Fut)-Levels & Trading Strategy for 07-07-2011
Nifty(Jul Fut)-Levels
R3 5713
R2 5690
R1 5663
Avg 5640
S1 5613
S2 5590
S3 5563
Nifty(Jul Fut)-Trading Strategy
H6 5686 Trgt 2
H5 5674 Trgt 1
H4 5663 Long breakout
H3 5649 Go Short
H2 5645
H1 5640
L1 5631
L2 5626
L3 5622 Long
L4 5608 Short Breakout
L5 5597 Trgt 1
L6 5585 Trgt 2
R3 5713
R2 5690
R1 5663
Avg 5640
S1 5613
S2 5590
S3 5563
Nifty(Jul Fut)-Trading Strategy
H6 5686 Trgt 2
H5 5674 Trgt 1
H4 5663 Long breakout
H3 5649 Go Short
H2 5645
H1 5640
L1 5631
L2 5626
L3 5622 Long
L4 5608 Short Breakout
L5 5597 Trgt 1
L6 5585 Trgt 2
Bank Nifty(Jul Fut)-Levels & Trading Strategy for 07-07-2011
Bank Nifty(Jul Fut)-Levels
R3 11576
R2 11510
R1 11413
Avg 11347
S1 11250
S2 11184
S3 11087
Bank Nifty(Jul Fut)-Trading Strategy
H6 11480 Trgt 2
H5 11443 Trgt 1
H4 11406 Long breakout
H3 11361 Go Short
H2 11346
H1 11331
L1 11302
L2 11287
L3 11272 Long
L4 11227 Short Breakout
L5 11190 Trgt 1
L6 11153 Trgt 2
R3 11576
R2 11510
R1 11413
Avg 11347
S1 11250
S2 11184
S3 11087
Bank Nifty(Jul Fut)-Trading Strategy
H6 11480 Trgt 2
H5 11443 Trgt 1
H4 11406 Long breakout
H3 11361 Go Short
H2 11346
H1 11331
L1 11302
L2 11287
L3 11272 Long
L4 11227 Short Breakout
L5 11190 Trgt 1
L6 11153 Trgt 2
Pre-closing Outlook(06-07-2011)
Same views which have alredy been told in following topic at 02:25 PM today:-
Mid-session Outlook-2(06-07-2011)
Closing will be with minor loss but intraday support at lower levels also today and intraday patterns are also showing consolidations therefore Support at 5600 became stronger today. Rally possibility is still alive despite Red closing near 5600 today.
Mid-session Outlook-2(06-07-2011)
Closing will be with minor loss but intraday support at lower levels also today and intraday patterns are also showing consolidations therefore Support at 5600 became stronger today. Rally possibility is still alive despite Red closing near 5600 today.
Mid-session Outlook-2(06-07-2011)
Nifty is trading between 5611-5634 for the last 3 hours with minor selling patterns between 5622-5634 and lower levels intraday support also between 5611-5620. Intraday indicators are showing divergence in last 3 hours therefore up moves possibility is also alive despite Red zone today.
Next move first indication will be last 3 hours range(5611-5634) break out.
Mid-session Outlook(06-07-2011)
Intraday up and down moves without any specific pattern formation within 5614-5655 and hovering around yesterday closing as well as flat at this moment therefore it will be better to wait for any clear indication with same views which have already been explained today in Market Outlook(06-07-2011).
As we never guess therefore quiet at this moment.
As we never guess therefore quiet at this moment.
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