Bullish Pattern & Trend deciding 2 Crucial Trend Lines

Technical Analysis and Research For Jul 18 to Jul 22,2011

Nifty-EOD Chart(15-Jul-2011):-

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Technical Patterns and Formations in EOD charts

1- Falling trend line which gave resistance 4 times in last 8 previous months.
2- Rising trend line which gave support 7 times in last 19 previous months.
3- Continuation pattern big Pennant formmation

Conclusions

Break out and sustaining beyond these 2 trend lines will give confirmation to long term trend. Nifty tested falling trend line in previous week but retraced sharply and expected that up moves will be seen in the beginning of coming week and it will be retested again. Next 2 resistances are as follows:-

1- 5630-5654
2- 5705-5730

Sustaining above 5730 will be falling trend line break out confirmation and also expected that this time Nifty will sustain above 5730 and rally will be seen because continuation Pattern big Pennant formmation also which is telling for continuation of on going uptrend and this pattern is Bullish in on going market.

Confirmation is must therefore above mentioned resistances should be watched also.

Bullish Markets Strong Indications from Weekly Charts

Technical Analysis and Research For Jul 18 to Jul 22,2011

Nifty-Weekly Chart(15-Jul-2011):-

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Technical Patterns and Formations in Weekly charts

1- ABC correction of Wave-4 completed.
2- Wave-5 is on.
3- Sub Wave-3 is on.
4- Weekly MACD line intersected above the above the Average line and given buying signal but both lines are below zero line therefore telling that trend is weak.
5- Resistance at falling trend line(5654) which started from the top on ongoing rally and Nifty retraced 4 times from this line.

Conclusions

Impulsive Wave-5 is on after completion of corrective 'ABC' Wave-4. Weekly MACD has also given positive signal and Sub Wave-3 is on after completion of correction. Bullish markets strong indications from Weekly charts therefore upmoves are expected and rally confirmation is sustaining above next resistance of falling trend line(5654) which produced resistance 4 times earlier.

Nifty-Micro Analysis of Intra Day Chart For 18-07-2011

Nifty-Intra Day Chart(15-Jul-2011):-

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Technical Patterns and Formations in today intraday charts

1- Condolidation between- 5566-5580
2- Most of the time between 29 points range within 5566-5595

Conclusions

As consolidation patterns seen at lower levels within most of the trading range  today therefore upmoves are expected in the coming sessions.

Indian Stock Markets Closing Reports(15-Jul-2011)

Main features of today trading are as follows

1- Narrow range market today.
2- All the Indices closed almost flat but most in Red.
3- Most of the Indices are showing consolidation patterns.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(15-Jul-2011): 20.45

Advances & Declines

BSE ADVANCES : 1355
BSE DECLINES : 1514
NSE ADVANCES :  608
NSE DECLINES :  804

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- +240950(+5.91%)
Nifty- 5500 PE(Jul)- +226850(+2.28%)

Nifty- 5600 CE(Jul)- +1228900(+18.72%)
Nifty- 5600 PE(Jul)- +720450(+11.89%)

Closing 

Nifty- closed at 5,581.10(-18.70 Points & -0.33%)
Sensex- closed at 18,561.92(-56.28 Points & -0.30% )
CNX MIDCAP - closed at 8,173.65(+6.80 Points & +0.08%)
BSE SMALL CAP- closed at 8,363.22(+6.83 Points & +6.83%)

FII Trading Data in Derivatives Segment on 15-Jul-2011

FII & DII trading activity in Capital Market Segment on 15-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 15-Jul-2011 1647.52 1574.49 73.03

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 15-Jul-2011 687.05 726.19 -39.14

Nifty Spot-Levels & Trading Strategy for 18-07-2011

Nifty Spot-Levels
R3 5689.67
R2 5660.33
R1 5620.67
PIVOT 5591.33
S1 5551.67
S2 5522.33
S3 5482.67

Nifty Spot-Trading Strategy

H6 5650     Trgt 2
H5 5634     Trgt 1
H4 5618     Long breakout
H3 5599     Go Short
H2 5593
H1 5587
L1 5574
L2 5568
L3 5562     Long
L4 5543    Short Breakout
L5 5527     Trgt 1
L6 5511     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 18-07-2011

Nifty(Jul Fut)-Levels

R3 5706.67
R2 5673.33
R1 5629.67
PIVOT 5596.33
S1 5552.67
S2 5519.33
S3 5475.67

Nifty(Jul Fut)-Trading Strategy

H6 5663    Trgt 2
H5 5645    Trgt 1
H4 5628    Long breakout
H3 5607    Go Short
H2 5600
H1 5593
L1 5578
L2 5571
L3 5564     Long
L4 5543     Short Breakout
L5 5526     Trgt 1
L6 5508     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 18-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11487.33
R2 11422.67
R1 11334.33
PIVOT 11269.67
S1 11181.33
S2 11116.67
S3 11028.33

Bank Nifty(Jul Fut)-Trading Strategy

H6 11399     Trgt 2
H5 11364     Trgt 1
H4 11330     Long breakout
H3 11288     Go Short
H2 11274
H1 11260
L1 11231
L2 11217
L3 11203     Long
L4 11161     Short Breakout
L5 11127     Trgt 1
L6 11092     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jul 18 to Jul 22,2011)

Nifty Spot-Weekly Levels

R3 5814.67
R2 5734.33
R1 5657.67
PIVOT 5577.33
S1 5500.67
S2 5420.33
S3 5343.67

Nifty Spot-Weekly Trading Strategy 

H6 5740     Trgt 2
H5 5703     Trgt 1
H4 5667     Long breakout
H3 5624     Go Short
H2 5609
H1 5595
L1 5566
L2 5552
L3 5537     Long
L4 5494     Short Breakout
L5 5458     Trgt 1
L6 5421     Trgt 2

NIFTY-JUL F&O-1ST BUYING OF 15-07-2011-TRADE

NIFTY(JUL FUT-BUY-POSITIONAL)SL-5554-TGT-5644-CMP-5588

NIFTY(JUL CALL OPTION-BUY-POSITIONAL)SL-5554-TGT-5644-S.P.FOR CALL-5500,5600(JUL FUT-RATES FOR ALL OPTIONS)-CMP-5588

Pre-closing Outlook(15-07-2011)

Follwing line was told in Technical Analysis and Research & Market Outlook(15-07-2011) today:-

Quiet markets expected near 5600 and firstly trading between 5570-5625 and Nifty traded most of the time between 29 points range within 5566-5595 with lower levels consolidation indications. and next trend confirmation range is sustaining beyond 5566-5595

Mid-session Outlook(15-07-2011)

Market could not sustain at higher levels after positive opening and trading between 5566-5590 for the last 2 hours with mixed patterns and signals. Mentioned intraday range of today will give next moves first indication.

Technical Analysis and Research & Market Outlook(15-07-2011)

Technical Analysis and Research of Micro Analysis of Nifty Intra Day Charts already been explained in following topic with 1 chart therefore not being repeated:-

Nifty-Micro Analysis of Intra Day Chart For 15-07-2011

Daily Indicators & Averages Analysis Chart(14-07-2011):-

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Conclusions

1- Averages(EMA-8,21,55,200)- All the averages are between 5551-5600.
2- Bollinger Band- Nifty is moving around its middle line for the last 3 sessions and showing no direction.
3- MACD- Both lines are kissing and not confirming any trend.
4- ROC- Resting at zero line and not confirming any direction.
5- RSI- At equalibrium line and not confirming any direction.
6- Slow Stochastic- At oversold line and not suggesting any immediate very short termbig move.
6- William %R- Near equalibrium line and not suggesting any immediate very short termbig move.

Conclusions (From Daily Indicators & Averages Analysis)

Direction less market and Indian market will prepare for next moves in the coming sessions.

Conclusions (After Putting All Studies Together)

All the trends are also side ways and Indian markets are trying to find direction through hovering around 200 Day EMA(5582) for the last 3 sessions and all the crucial averages are also between 5551-5600.

Nifty is trading between 5496-5470 for the last 13 sessions with good support between 5500-5580 and 2 resistances between(5620-5655 & 5700-5725). Nifty will trade first between 5570-5625 and next moves frist confirmation range is 5540-5655.

Quiet markets expected near 5600 and firstly trading between 5570-5625 today and Indian markets will try to find direction within this range and next moves first indication will be sustaining beyond this range.

Nifty-Micro Analysis of Intra Day Chart For 15-07-2011

Nifty-Intra Day Chart(14-Jul-2011):

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Technical Patterns and Formations in today intra day charts:-

1- Condolidation between- 5542-5565
2- Condolidation between- 5580-5590
3- Mixed Patterns between- 5630-5653

Conclusions

Good consolidation at lower levels but Indian markets slipped sharply from higher levels after last 2 hours range bound moves between 5620-5653,intraday patterns within this range are mixed and short covering possibility within this range can not be ruled out.

Confirm consolidation at lower levels but mixed patterns at higher levels therefore Nifty will trade within today range(5542-5653) tomorrow and prepare for next moves and follow up buying/selling tomorrow will give next move indication.

Indian Stock Markets Closing Reports(14-Jul-2011)

Main features of today trading are as follows

1- White Candle.
2- Mixed closing. Indices closed from from flat to Red and Green.
3- Volatile market.

Ratios

Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(14-Jul-2011): 20.55

Advances & Declines

BSE ADVANCES : 1614
BSE DECLINES : 1233
NSE ADVANCES : 837
NSE DECLINES : 579

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- -264250(-6.09%)
Nifty- 5500 PE(Jul)- +267150(+2.69%)

Nifty- 5600 CE(Jul)- +432900(+7.13%)
Nifty- 5600 PE(Jul)- +802950(+14.89%)

Nifty- 5700 CE(Jul)- +262250(+3.19%)
Nifty- 5700 PE(Jul)- +974850(+37.45%)

Closing 

Nifty- closed at 5,599.80(+ 14.35 Points & +0.26%)
Sensex- closed at18,618.20(+22.18 Points & +0.12%)
CNX MIDCAP - closed at8,168.40(+65.40 Points & +0.81%)
BSE SMALL CAP- closed at  8,356.39(+14.67 Points & + 0.18%)

FII Trading Data in Derivatives Segment on 14-Jul-2011

FII & DII trading activity in Capital Market Segment on 14-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 14-Jul-2011 2339.99 2128.53 211.46

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-Jul-2011 1591.7 1073.88 517.82

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