ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Nifty Spot-Levels & Trading Strategy for 20-07-2011
Nifty Spot-Levels
R3 5711
R2 5669
R1 5641
Avg 5599
S1 5571
S2 5529
S3 5501
Nifty Spot-Trading Strategy
H6 5683 Trgt 2
H5 5667 Trgt 1
H4 5651 Long breakout
H3 5632 Go Short
H2 5625
H1 5619
L1 5606
L2 5600
L3 5593 Long
L4 5574 Short Breakout
L5 5558 Trgt 1
L6 5542 Trgt 2
Pre-closing Outlook(19-07-2011)
Indian markets were subdued since opening today and started to move after strong opening of European markets and strong US Futures trading.(Dow futures is +90 at this moment). Volatile moves are being seen due to fast changing global news flow and sentiments. Nifty crossed last 3 days range of 5595. Lower levels buying seen between 5558-5577 and mised patterns between 5605-5620 in last 2 hours of trading between resistance range of 5605-5740.
Strong up moves with lower levels intraday consolidation seen today.As these moves are the result of global cues also therefore crossing and sustaining above 5640 will be confirmation of next rally for testing of resistance range between 5700-5740.
Strong up moves with lower levels intraday consolidation seen today.As these moves are the result of global cues also therefore crossing and sustaining above 5640 will be confirmation of next rally for testing of resistance range between 5700-5740.
Mid-session Outlook-3(19-07-2011)
Dow's futures is trading 63 points up and European markets are strong today therefore sharp break out and strong global markets led rally is being seen in Indian markets. 5595 broken out and sustaining above will be correction completion confirmation for next rally toward 5700.
Mid-session Outlook-2(19-07-2011)
Only 5573 was given was given for watching and Nifty is dancing around it since opening today. Last 3 days range is 5555-5595 and both selling and buying seen within this range. Today buying seen at lower levels also and follow up buying within 5573-5595 will mean break out of 5595.
Voltality betwen 5555-5595 in last 3 sessions and its break out will be next strong move confirmation.
Voltality betwen 5555-5595 in last 3 sessions and its break out will be next strong move confirmation.
Mid-session Outlook(19-07-2011)
Only 5573 was given in Post-open Outlook today but Nifty is not ready to leave it and again hovering around after one hour moves above it. Selling indications at higher levels today and sustaining below it will mean down moves confirmations.
Post-open Outlook(19-07-2011)
Sentiment improved because Dow's futures is trading 38 points up and Asian markets also recovered from levels today morning therefore Nifty is trading yesterday selling range of 5573-5595. Any upmove confirmation will be sustaining above 5595 and that will be possible after complete consolidations. Fristly sustaining between 5573-5595 will be watched,as selling between this range therefore sustaining below it today will be down moves strong indication.
Nifty is hovering around 5573 today and sustaining beyond will be watched first for next moves confirmations.
Nifty is hovering around 5573 today and sustaining beyond will be watched first for next moves confirmations.
Technical Analysis,Researches & Market Outlook(19-07-2011)
Nifty-EOD Chart(18-Jul-2011):-
Technical Patterns and Formations in EOD charts
1- Resistance at falling trend line
2- Lower top formation(Bearish pattern)
3- Support(5343)
4- Support(5178)
Conclusions
Nifty faced resistance and after that lower top formation(Bearish pattern) seen in last 3 seesions,as these two bearish confirmation on EOD chart therefore it is coorection confirmation and next supports are as follows:-
1- 5500-5550(Good consolidation)
2- 5320-5343(Gap)
3- 5250-5320(Good Consolidation)
Strong rally was seen in June 2011 between 5195-5740. Fibonacci retracement levels of this rally are as follows;-
13.0%-5669
23.6%-5611
27.0%-5592
38.2%-5531
50.0%-5467
61.8%-5403
70.7%-5354
76.4%-5323
78.6%-5311
88.6%-5257
Resistances
1- 5573-5595
2- 5605-5740
3- 5710-5740
Global markets are melting and bearish formations got confirmations after higher levels selling yesterday therefore more down moves possibility can not be ruled out. Indian markets are trapped between strong supports and resistances and today fresh selling will mean deeper correction and confirmation will be slipping below 5500.
Nifty will first trade between 5500-5573,Red closing and weaker market expected today.
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1- Resistance at falling trend line
2- Lower top formation(Bearish pattern)
3- Support(5343)
4- Support(5178)
Conclusions
Nifty faced resistance and after that lower top formation(Bearish pattern) seen in last 3 seesions,as these two bearish confirmation on EOD chart therefore it is coorection confirmation and next supports are as follows:-
1- 5500-5550(Good consolidation)
2- 5320-5343(Gap)
3- 5250-5320(Good Consolidation)
Strong rally was seen in June 2011 between 5195-5740. Fibonacci retracement levels of this rally are as follows;-
13.0%-5669
23.6%-5611
27.0%-5592
38.2%-5531
50.0%-5467
61.8%-5403
70.7%-5354
76.4%-5323
78.6%-5311
88.6%-5257
Resistances
1- 5573-5595
2- 5605-5740
3- 5710-5740
Global markets are melting and bearish formations got confirmations after higher levels selling yesterday therefore more down moves possibility can not be ruled out. Indian markets are trapped between strong supports and resistances and today fresh selling will mean deeper correction and confirmation will be slipping below 5500.
Nifty will first trade between 5500-5573,Red closing and weaker market expected today.
Nifty-Micro Analysis of Intra Day Chart For 19-07-2011
Nifty-Intra Day Chart(18-Jul-2011):-
Technical Patterns and Formations in today intraday charts:-
1- Selling between 5573-5595
2- Mixed Patterns between 5561-5567
Conclusions
Nifty traded last 2 days between 5561-5595 with intraday selling at higher levels between 5573-5595 and lower levels buying between 5566-5580 last Friday. Mixed patterns between 5561-5567 today. Higher levels selling today and tanking all the global markets today therefore possibility of Indian markets slipping turned higher now and expected that last 2 days range(5561-5595) will be broken down tomorrow.
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1- Selling between 5573-5595
2- Mixed Patterns between 5561-5567
Conclusions
Nifty traded last 2 days between 5561-5595 with intraday selling at higher levels between 5573-5595 and lower levels buying between 5566-5580 last Friday. Mixed patterns between 5561-5567 today. Higher levels selling today and tanking all the global markets today therefore possibility of Indian markets slipping turned higher now and expected that last 2 days range(5561-5595) will be broken down tomorrow.
Indian Stock Markets Closing Reports(18-Jul-2011)
Main features of today trading are as follows
1- Red closing.
2- Higher levels selling.
3- Most Indices closed in Red.
Ratios
Nifty Put Call Ratio: 20.40
Nifty P/E Ratio(18-Jul-2011): 0.88
Advances & Declines
BSE ADVANCES : 1565
BSE DECLINES : 1326
NSE ADVANCES : 745
NSE DECLINES : 663
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jul)- +4350(+0.10%)
Nifty- 5500 PE(Jul)- +503100(+4.94%)
Nifty- 5600 CE(Jul)- +134500(+1.73%)
Nifty- 5600 PE(Jul)- +281100(+4.40%)
Closing
Nifty- closed at 5,567.05(- 14.05 Points & -0.25%)
Sensex- closed at 18,507.04(-54.88 Points & -0.30% )
CNX MIDCAP - closed at 8,197.30(+22.10 Points & +0.27%)
BSE SMALL CAP- closed at 8,393.95(+ 30.73 Points & +0.37%)
Bank Nifty(Jul Fut)-Levels & Trading Strategy for 19-07-2011
Bank Nifty(Jul Fut)-Levels
R3 11403
R2 11353
R1 11301
PIVOT 11251
S1 11199
S2 11149
S3 11097
Bank Nifty(Jul Fut)-Trading Strategy
H6 11351 Trgt 2
H5 11328 Trgt 1
H4 11305 Long breakout
H3 11277 Go Short
H2 11267
H1 11258
L1 11239
L2 11230
L3 11220 Long
L4 11192 Short Breakout
L5 11192 Trgt 1
L6 11146 Trgt 2
R3 11403
R2 11353
R1 11301
PIVOT 11251
S1 11199
S2 11149
S3 11097
Bank Nifty(Jul Fut)-Trading Strategy
H6 11351 Trgt 2
H5 11328 Trgt 1
H4 11305 Long breakout
H3 11277 Go Short
H2 11267
H1 11258
L1 11239
L2 11230
L3 11220 Long
L4 11192 Short Breakout
L5 11192 Trgt 1
L6 11146 Trgt 2
Nifty(Jul Fut)-Levels & Trading Strategy for 19-07-2011
Nifty(Jul Fut)-Levels
R3 5649
R2 5629
R1 5600
PIVOT 5580
S1 5551
S2 5531
S3 5502
Nifty(Jul Fut)-Trading Strategy
H6 5621 Trgt 2
H5 5610 Trgt 1
H4 5598 Long breakout
H3 5585 Go Short
H2 5580
H1 5576
L1 5567
L2 5563
L3 5558 Long
L4 5545 Short Breakout
L5 5533 Trgt 1
L6 5522 Trgt 2
R3 5649
R2 5629
R1 5600
PIVOT 5580
S1 5551
S2 5531
S3 5502
Nifty(Jul Fut)-Trading Strategy
H6 5621 Trgt 2
H5 5610 Trgt 1
H4 5598 Long breakout
H3 5585 Go Short
H2 5580
H1 5576
L1 5567
L2 5563
L3 5558 Long
L4 5545 Short Breakout
L5 5533 Trgt 1
L6 5522 Trgt 2
Nifty Spot-Levels & Trading Strategy for 19-07-2011
Nifty Spot-Levels
R3 5638
R2 5617
R1 5592
PIVOT 5571
S1 5546
S2 5525
S3 5500
Nifty Spot-Trading Strategy
H6 5613 Trgt 2
H5 5602 Trgt 1
H4 5592 Long breakout
H3 5579 Go Short
H2 5575
H1 5571
L1 5562
L2 5558
L3 5554 Long
L4 5541 Short Breakout
L5 5531 Trgt 1
L6 5520 Trgt 2
Pre-closing Outlook(18-07-2011)
Nifty traded most of the time between 5561-5595 with higher levels selling indications and lower levels buying signals. In fact market is not prepared for any side move therefore did not tanked despite deep Red European markets opening.
Global sentiment is bearish therefore slipping possibility can not be ruled out after higher levels selling indications today. and next strong moves confirmation will be sustaining beyond last 2 sessions trading range(5561-5595).
Although last 2 sessions Red closing but view is not bearish because lower levels consolidation signals in last 2 sessions.
Global sentiment is bearish therefore slipping possibility can not be ruled out after higher levels selling indications today. and next strong moves confirmation will be sustaining beyond last 2 sessions trading range(5561-5595).
Although last 2 sessions Red closing but view is not bearish because lower levels consolidation signals in last 2 sessions.
Mid-session Outlook(18-07-2011)
Trading range of 5566-5595 was given in all the Pre-open and Post-open Outlooks today and Nifty is trading within this range for the last 3 hours.
Intraday patterns are mixed today therefore repeating same which has already told in all 3 previous looks;-
Watch sustaining beyond 5566-5595 for next moves confirmations.
Intraday patterns are mixed today therefore repeating same which has already told in all 3 previous looks;-
Watch sustaining beyond 5566-5595 for next moves confirmations.
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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| Just click on chart for its enlarged view |
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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