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Nifty Spot-Levels & Trading Strategy for 15-07-2011
Nifty Spot-Levels
R3 5766
R2 5709
R1 5654
Avg 5597
S1 5542
S2 5485
S3 5430
Nifty Spot-Trading Strategy
H6 5712 Trgt 2
H5 5686 Trgt 1
H4 5660 Long breakout
H3 5629 Go Short
H2 5619
H1 5609
L1 5588
L2 5578
L3 5568 Long
L4 5537 Short Breakout
L5 5511 Trgt 1
L6 5485 Trgt 2
Nifty(Jul Fut)-Levels & Trading Strategy for 15-07-2011
Nifty(Jul Fut)-Levels
R3 5783
R2 5725
R1 5662
Avg 5604
S1 5541
S2 5483
S3 5420
Nifty(Jul Fut)-Trading Strategy
H6 5722 Trgt 2
H5 5694 Trgt 1
H4 5666 Long breakout
H3 5633 Go Short
H2 5622
H1 5611
L1 5588
L2 5577
L3 5566 Long
L4 5533 Short Breakout
L5 5505 Trgt 1
L6 5477 Trgt 2
Bank Nifty(Jul Fut)-Levels & Trading Strategy for 15-07-2011
Bank Nifty(Jul Fut)-Levels
R3 11721
R2 11563
R1 11419
Avg 11261
S1 11117
S2 10959
S3 10815
Bank Nifty(Jul Fut)-Trading Strategy
H6 11582 Trgt 2
H5 11512 Trgt 1
H4 11442 Long breakout
H3 11359 Go Short
H2 11331
H1 11303
L1 11248
L2 11220
L3 11192 Long
L4 11109 Short Breakout
L5 11039 Trgt 1
L6 10969 Trgt 2
R3 11721
R2 11563
R1 11419
Avg 11261
S1 11117
S2 10959
S3 10815
Bank Nifty(Jul Fut)-Trading Strategy
H6 11582 Trgt 2
H5 11512 Trgt 1
H4 11442 Long breakout
H3 11359 Go Short
H2 11331
H1 11303
L1 11248
L2 11220
L3 11192 Long
L4 11109 Short Breakout
L5 11039 Trgt 1
L6 10969 Trgt 2
Pre-closing Outlook-2(14-07-2011)
Last 2 hours trading between 5620-5653 but Nifty could not sustained at higher levels within this range therefore this range will be firstly watched for next up moves confirmations because short covering possibility within this range can not be ruled out.
Pre-closing Outlook(14-07-2011)
"expected that Indian markets wil again consolidate today and Indian markets will finally close flat to Green today"
We told following lines for Indian markets reaction on Mumbai serial Blasts
1-"Indian markets will not be affected from these serial Blasts"
We were cautious but confident for upmoves because yesterday intraday consolidations between 5557-5575. Nifty cleared all the resistances and next immediate resistance is above 5700 and its testing is expected now.
Mid-session Outlook(14-07-2011)
When Indian markets were trading near today's lows then lines were told in Post-open Outlook(14-07-2011):-
As good consolidation between 5557-5575 yesterday therefore sustaining below is must and will be watched also today for next down moves confirmations despite Mumbai blasts.
Nifty recovered and trading above after intraday support between 5542-5550 and intraday patterns are suggesting consolidations. Next moves confirmation range is sustaining beyond 5542-5575 and outlook is positive despite Red trading since morning today.
As good consolidation between 5557-5575 yesterday therefore sustaining below is must and will be watched also today for next down moves confirmations despite Mumbai blasts.
Nifty recovered and trading above after intraday support between 5542-5550 and intraday patterns are suggesting consolidations. Next moves confirmation range is sustaining beyond 5542-5575 and outlook is positive despite Red trading since morning today.
Post-open Outlook(14-07-2011)
It was expected that Indian markets will not adversely react Mumbai seraial blasts but clear nervousness seen today. Indian markets under performing global markets due to blasts and Nifty slipped below yesterday consolidation range lowest of 5557.
Nifty sustaining below 5557 will mean more down moves and sharp declines because that will be confirmation of all trends turning down. As good consolidation between 5557-5575 yesterday therefore sustaining below is must and will be watched also today for next down moves confirmations despite Mumbai blasts.
Nifty sustaining below 5557 will mean more down moves and sharp declines because that will be confirmation of all trends turning down. As good consolidation between 5557-5575 yesterday therefore sustaining below is must and will be watched also today for next down moves confirmations despite Mumbai blasts.
Market Outlook(14-07-2011)
As far as Indian stock Markets reactions on Mumbai Blasts are concerned that Indian markets will not be affected from these serial Blasts and Nifty will not slip below 5557 in whatsoever worse situation. Whole day good consolidation between 5557-5575 yesterday and Nifty will finally sustain above 5557. Although SGX Nifty is trading 45 points down at this moment but expected that Indian markets wil again consolidate today and Indian markets will finally close flat to Green today.
Nifty-Micro Analysis of Intra Day Chart For 14-07-2011
Nifty-Intra Day Chart(13-Jul-2011):-
Technical Patterns and Formations in today intraday charts
1- Condolidation between- 5557-5575
Conclusions
Market consolidated whole day therefore following lines were told in Pre-closing Outlook(13-07-2011)
1-intraday patterns are showing consolidation today as well as possibility of sustaining above 5578 is higher also
2- confirmation is must through sustaining above 5578 or forceful up move above 5578 because global markets pressure is high nowadays.
Nifty tested 5500 yesterday due to crashing Global markets but Indian markets consolidated today and Nifty sustaining above 5628 will be next up moves strong indication and it is expected also after today whole day consolidations.
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| Just click on chart for its enlarged view |
1- Condolidation between- 5557-5575
Conclusions
Market consolidated whole day therefore following lines were told in Pre-closing Outlook(13-07-2011)
1-intraday patterns are showing consolidation today as well as possibility of sustaining above 5578 is higher also
2- confirmation is must through sustaining above 5578 or forceful up move above 5578 because global markets pressure is high nowadays.
Nifty tested 5500 yesterday due to crashing Global markets but Indian markets consolidated today and Nifty sustaining above 5628 will be next up moves strong indication and it is expected also after today whole day consolidations.
Indian Stock Markets Closing Reports(13-Jul-2011)
Main features of today trading are as follows
1- Long White Candle.
2- All the indices closed in Green.
3- Good support at lower levels today.
Ratios
Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(13-07-2011): 20.51
Advances & Declines
BSE ADVANCES : 1848
BSE DECLINES : 1055
NSE ADVANCES : 1034
NSE DECLINES : 373
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jul)- -515150(-10.61%)
Nifty- 5500 PE(Jul)- +1683900(+19.92%)
Nifty- 5600 CE(Jul)- +9600(+0.15%)
Nifty- 5600 PE(Jul)- +964900(+21.80.00%)
Nifty- 5700 CE(Jul)- +497550(+6.42%)
Nifty- 5700 PE(Jul)- +102000(+4.08.00%)
Closing
Nifty- closed at 5,585.45(+59.30 Points & +1.07%)
Sensex- closed at 18,596.02(+184.40 Points & +1.00% )
CNX MIDCAP - closed at 8,103.00(+98.40 Points & +1.23%)
BSE SMALL CAP- closed at 8,341.72(+79.90 Points & +0.97%)
1- Long White Candle.
2- All the indices closed in Green.
3- Good support at lower levels today.
Ratios
Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(13-07-2011): 20.51
Advances & Declines
BSE ADVANCES : 1848
BSE DECLINES : 1055
NSE ADVANCES : 1034
NSE DECLINES : 373
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jul)- -515150(-10.61%)
Nifty- 5500 PE(Jul)- +1683900(+19.92%)
Nifty- 5600 CE(Jul)- +9600(+0.15%)
Nifty- 5600 PE(Jul)- +964900(+21.80.00%)
Nifty- 5700 CE(Jul)- +497550(+6.42%)
Nifty- 5700 PE(Jul)- +102000(+4.08.00%)
Closing
Nifty- closed at 5,585.45(+59.30 Points & +1.07%)
Sensex- closed at 18,596.02(+184.40 Points & +1.00% )
CNX MIDCAP - closed at 8,103.00(+98.40 Points & +1.23%)
BSE SMALL CAP- closed at 8,341.72(+79.90 Points & +0.97%)
FII & DII trading activity in Capital Market Segment on 13-Jul-2011
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Nifty(Jul Fut)-Levels & Trading Strategy for 14-07-2011
Nifty(Jul Fut)-Levels
R3 5681
R2 5645
R1 5622
Avg 5586
S1 5563
S2 5527
S3 5504
Nifty(Jul Fut)-Trading Strategy
H6 5658 Trgt 2
H5 5644 Trgt 1
H4 5631 Long breakout
H3 5615 Go Short
H2 5609
H1 5604
L1 5593
L2 5588
L3 5582 Long
L4 5566 Short Breakout
L5 5553 Trgt 1
L6 5539 Trgt 2
R3 5681
R2 5645
R1 5622
Avg 5586
S1 5563
S2 5527
S3 5504
Nifty(Jul Fut)-Trading Strategy
H6 5658 Trgt 2
H5 5644 Trgt 1
H4 5631 Long breakout
H3 5615 Go Short
H2 5609
H1 5604
L1 5593
L2 5588
L3 5582 Long
L4 5566 Short Breakout
L5 5553 Trgt 1
L6 5539 Trgt 2
Bank Nifty(Jul Fut)-Levels & Trading Strategy for 14-07-2011
Bank Nifty(Jul Fut)-Levels
R3 11327
R2 11262
R1 11216
Avg 11151
S1 11105
S2 11040
S3 10994
Bank Nifty(Jul Fut)-Trading Strategy
H6 11281 Trgt 2
H5 11256 Trgt 1
H4 11231 Long breakout
H3 11200 Go Short
H2 11190
H1 11180
L1 11159
L2 11149
L3 11139 Long
L4 11108 Short Breakout
L5 11083 Trgt 1
L6 11058 Trgt 2
R3 11327
R2 11262
R1 11216
Avg 11151
S1 11105
S2 11040
S3 10994
Bank Nifty(Jul Fut)-Trading Strategy
H6 11281 Trgt 2
H5 11256 Trgt 1
H4 11231 Long breakout
H3 11200 Go Short
H2 11190
H1 11180
L1 11159
L2 11149
L3 11139 Long
L4 11108 Short Breakout
L5 11083 Trgt 1
L6 11058 Trgt 2
Nifty Spot-Levels & Trading Strategy for 14-07-2011
Nifty Spot-Levels
R3 5662
R2 5629
R1 5607
Avg 5574
S1 5552
S2 5519
S3 5497`
Nifty Spot-Trading Strategy
H6 5640 Trgt 2
H5 5627 Trgt 1
H4 5615 Long breakout
H3 5600 Go Short
H2 5595
H1 5590
L1 5579
L2 5574
L3 5569 Long
L4 5554 Short Breakout
L5 5542 Trgt 1
L6 5529. Trgt 2
R3 5662
R2 5629
R1 5607
Avg 5574
S1 5552
S2 5519
S3 5497`
Nifty Spot-Trading Strategy
H6 5640 Trgt 2
H5 5627 Trgt 1
H4 5615 Long breakout
H3 5600 Go Short
H2 5595
H1 5590
L1 5579
L2 5574
L3 5569 Long
L4 5554 Short Breakout
L5 5542 Trgt 1
L6 5529. Trgt 2
Pre-closing Outlook(13-07-2011)
Following lines were told within first 45 minutes today in Post-open Outlook
1- Nifty will trade now between yesterday selling range (5550-5578) and prepare for next moves. Coming hours trading patterns (consolidation/distribution) will give next moves first signal.
2- Next moves and trend confirmation will be sustaining beyond 5550-5578.
Nifty traded whole day within mentioned very small range and intraday patterns are showing consolidation today as well as possibility of sustaining above 5578 is higher also but confirmation is must through sustaining above 5578 or forceful up move above 5578 because global markets pressure is high nowadays.
1- Nifty will trade now between yesterday selling range (5550-5578) and prepare for next moves. Coming hours trading patterns (consolidation/distribution) will give next moves first signal.
2- Next moves and trend confirmation will be sustaining beyond 5550-5578.
Nifty traded whole day within mentioned very small range and intraday patterns are showing consolidation today as well as possibility of sustaining above 5578 is higher also but confirmation is must through sustaining above 5578 or forceful up move above 5578 because global markets pressure is high nowadays.
Post-open Outlook(13-07-2011)
Yesterday down moves were the result of crashing global markets and Indian markets are trading strong after getting positive Asian cues. Nifty has almost crossed yesterday selling range(5550-5578) within first 25 minutes of trading and made high at 5578.90. It is sign of strength but Nifty will trade now between yesterday selling range (5550-5578) and prepare for next moves. Coming hours trading patterns (consolidation/distribution) will give next moves first signal. Next moves and trend confirmation will be sustaining beyond 5550-5578.
Technical Analysis,Researches & Market Outlook(13-07-2011)
Global storm and weaker IIP data reaction was so heavy yesterday that Nifty traded whole day below 200 Day EMA(5582) after gap down opening and followed global trend through deep Red closing. Nifty traded 8 days above between 5602-5738 and re-entered into last 39 sessions range(5329-5604) yesterday and Indian markets again turned into range bound mode within following 2 ranges:-
1- 5329-5628
2- 5178-5738
Nifty-Micro Analysis of Intra Day Chart For 13-07-2011
Nifty-Intra Day Chart(12-Jul-2011):-
Technical Patterns and Formations in intraday charts
1- Selling between- 5550-5578
2- Mixed Patterns between- 5500-5538
Conclusions (After Putting All Studies Together)
As intraday selling below 5600 yesterday therefore Nifty requires complete consolidation for crossing 5600. Correction is on and follow up selling today will mean more down moves. Nifty will first trade between 5500-5538 and follow up buying/selling between this range will give next moves first indication.
Next trading range is 5500-5578 and next moves confirmation will be sustaining beyond this range.Nifty will trade first between 5500-5538 today and crossing of this range will be first indication of next moves.
Trading between 5500-5538 will be watched first and conclusions will be updated in Mid-session Outlooks according to next moves confirmations.
1- 5329-5628
2- 5178-5738
Nifty-Micro Analysis of Intra Day Chart For 13-07-2011
Nifty-Intra Day Chart(12-Jul-2011):-
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| Just click on chart for its enlarged view |
1- Selling between- 5550-5578
2- Mixed Patterns between- 5500-5538
Conclusions (After Putting All Studies Together)
As intraday selling below 5600 yesterday therefore Nifty requires complete consolidation for crossing 5600. Correction is on and follow up selling today will mean more down moves. Nifty will first trade between 5500-5538 and follow up buying/selling between this range will give next moves first indication.
Next trading range is 5500-5578 and next moves confirmation will be sustaining beyond this range.Nifty will trade first between 5500-5538 today and crossing of this range will be first indication of next moves.
Trading between 5500-5538 will be watched first and conclusions will be updated in Mid-session Outlooks according to next moves confirmations.
Crashing Global Markets Vs Supports at 5600 & 200 Day EMA
Market Outlook(12-07-2011)
Technical Analysis and Research of EOD and weekly charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 2 Charts therefore not being repeated:-
1- Nifty-Micro Analysis of Intra Day Chart For 12-07-2011
2- Rally after correction & Consolidation between 5610-5700
3- 2 Bullish Formations in EOD Charts
4- Nifty-Waves Structure From Jan 2008 Crash & Strength of Indian markets
Conclusions (After Putting All Studies Together)
Correction was expected and it was told also in all the outlooks which were updated for yesterday and this week. 5606-5628 had been strong support and and Nifty traded within this range more than 3 hours with intraday consolidation patterns yesterday. US markets are sharp down and Dow Jones is trading more than 180 points down and such weak closing will hamper the sentiment today morning and Red zone opening below 5600 possibility can not be ruled out but sustaining beyond 5600 will be strong indication of next trend.
Whatsoever may be bearish global cues but 5600 is strong support and and until Nifty will not sustain below 200 Day EMA(5582) till then view will not be bearish. Indian markets are in corrective mode and global markets are tanking therefore more weakness may be seen but firstly sustaining beyond 5600 and after that 200 Day EMA(5582) should be watched for next immediate moves confirmation.
As consolidation yesterday therefore finally up moves after more consolidations between 5582-5628 expected and sustaining beyond this range will be next moves confirmations.
Nifty-Micro Analysis of Intra Day Chart For 12-07-2011
Nifty-Intra Day Chart(11-Jul-2011):-
Technical Patterns and Formations in today intraday charts:-
1- Condolidation between 5602-5604
2- Falling Wedge(Bullish) Pattern Formation
Conclusions
Intraday support and consolidation at lower levels today. As all the global markets closed deep Red today therefore sharp correction seen but Nifty closed above 5610 on expected lines and again consolidated between previous support range of 5606-5628.
Dow Jones is more than 175 points down at this moment and such weak closing will mean possibility of trading below 5600 tomorrow and sustaining beyond 5600 be first watched tomorrow for next moves confirmation.
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| Just click on chart for its enlarged view |
1- Condolidation between 5602-5604
2- Falling Wedge(Bullish) Pattern Formation
Conclusions
Intraday support and consolidation at lower levels today. As all the global markets closed deep Red today therefore sharp correction seen but Nifty closed above 5610 on expected lines and again consolidated between previous support range of 5606-5628.
Dow Jones is more than 175 points down at this moment and such weak closing will mean possibility of trading below 5600 tomorrow and sustaining beyond 5600 be first watched tomorrow for next moves confirmation.
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