ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(18-07-2011)
Nifty is trading within mentioned range(5566-5595) since opening today. US Futures started to move down again after some recovery and Asian markets also slipping from intraday higher levels. Although Indian markets are outperforming global markets but uncertain global news flow and weaker global markets therefore sustaining above 5595 is must for next up moves confirmation .
NIFTY-JUL F&O-1ST BUYING OF 15-07-2011-COVERING
NIFTY JUL F & O(BOUGHT ON 15-07-2011)-COVER IMMEDIATELY-CMP-5584
Pre-open Outlook-2(18-07-2011)
US futures traded 67 points down today morning therefore Asian markets are trading negative and sentiment is depressed today. Bullish formations on EOD and Weekly charts but glogal markets mood completely dampened due to US futures led weakness in Asian markets therefore Indian markets will open in Red today.
Global cues led weakness is possible today therefore sustaining beyond last Friday trading range(5566-5595) will be firstly watched for next immediate moves confirmation.
Global cues led weakness is possible today therefore sustaining beyond last Friday trading range(5566-5595) will be firstly watched for next immediate moves confirmation.
Pre-open Outlook(18-07-2011)
US futures traded 67 points down today morning therefore Asian markets are trading negative and sentiment is depressed today. Bullish formations on EOD and Weekly charts but glogal markets mood completely dampened due to US futures led weakness in Asian markets therefore Indian markets will open in Red today.
Global cues led weakness is possible today therefore sustaining beyond last Friday trading range(5566-5595) will be firstly watched for next immediate moves confirmation.
Global cues led weakness is possible today therefore sustaining beyond last Friday trading range(5566-5595) will be firstly watched for next immediate moves confirmation.
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):-
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.
Nifty-EOD Chart(15-Jul-2011):-
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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):-
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-Weekly Chart(15-Jul-2011):-
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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):-
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.
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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 & DII trading activity in Capital Market Segment on 15-Jul-2011
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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
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
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
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):-
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
Daily Indicators & Averages Analysis Chart(14-07-2011):-
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| Just click on chart for its enlarged view |
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):
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.
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| Just click on chart for its enlarged view |
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%)
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