NEW YORK (CNNMoney) -- U.S. stocks advanced Thursday, following news that European leaders may have reached an agreement in Brussels to contain Greece's debt crisis.
http://money.cnn.com/2011/07/21/markets/markets_newyork/index.htm
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
US Stocks advance as EU agrees on Greek aid
NEW YORK (CNNMoney) -- U.S. stocks advanced Thursday, following news that European leaders may have reached an agreement in Brussels to contain Greece's debt crisis.
http://money.cnn.com/2011/07/21/markets/markets_newyork/index.htm
Nifty-Micro Analysis of Intra Day Chart For 22-07-2011
Nifty-Intra Day Chart(21-Jul-2011):-
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1- Range bound trading between 5532.70-5578.90
2- Selling between- 5558-5573
3- Condolidation between- 5535-5553
Conclusions
Whole day range bound trading with higher levels selling and lower levels consolidations indications. Nifty has to struggle for up moves above 5580 and fast steep fall will be seen after sustaining below 5530.
Mentioned range(5530-5580) break out will be next trend strong indication and should be watched first for next moves confirmation tomorrow.
FII & DII trading activity in Capital Market Segment on 21-Jul-2011
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Indian Stock Markets Closing Reports(21-Jul-2011)
Main features of today trading are as follows
1- Doji like small Black Candle.
2- All the Indices closed in Red except IT,FMCG and Power.
3- Range bound trading today.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(21-Jul-2011): 20.25
Advances & Declines
BSE ADVANCES : 1150
BSE DECLINES : 1730
NSE ADVANCES : 479
NSE DECLINES : 930
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jul)- +1532750(+28.68%)
Nifty- 5500 PE(Jul)- +689150(+6.38%)
Nifty- 5600 CE(Jul)- +1205800(+13.55%)
Nifty- 5600 PE(Jul)- -377150(-5.49%)
Closing
Nifty- closed at 5,541.60(-25.45 Points & -0.46%)
Sensex- closed at 18,436.19(-66.19 Points & -0.36% )
CNX MIDCAP - closed at 8,048.15(-60.05 Points & -0.74%)
BSE SMALL CAP- closed at 8,394.30(-38.04 Points & -0.45 %)
Nifty(Jul Fut)-Levels & Trading Strategy for 22-07-2011
Nifty(Jul Fut)-Levels
R3 5630
R2 5608
R1 5576
Avg 5554
S1 5522
S2 5500
S3 5468
Nifty(Jul Fut)-Trading Strategy
H6 5598 Trgt 2
H5 5585 Trgt 1
H4 5573 Long breakout
H3 5558 Go Short
H2 5553
H1 5548
L1 5539
L2 5534
L3 5529 Long
L4 5514 Short Breakout
L5 5502 Trgt 1
L6 5489 Trgt 2
R3 5630
R2 5608
R1 5576
Avg 5554
S1 5522
S2 5500
S3 5468
Nifty(Jul Fut)-Trading Strategy
H6 5598 Trgt 2
H5 5585 Trgt 1
H4 5573 Long breakout
H3 5558 Go Short
H2 5553
H1 5548
L1 5539
L2 5534
L3 5529 Long
L4 5514 Short Breakout
L5 5502 Trgt 1
L6 5489 Trgt 2
Bank Nifty(Jul Fut)-Levels & Trading Strategy for 22-07-2011
Bank Nifty(Jul Fut)-Levels
R3 11381
R2 11305
R1 11186
Avg 11110
S1 10991
S2 10915
S3 10796
Bank Nifty(Jul Fut)-Trading Strategy
H6 11262 Trgt 2
H5 11218 Trgt 1
H4 11174 Long breakout
H3 11120 Go Short
H2 11102
H1 11084
L1 11049
L2 11031
L3 11013 Long
L4 10959 Short Breakout
L5 10915 Trgt 1
L6 10871 Trgt 2
R3 11381
R2 11305
R1 11186
Avg 11110
S1 10991
S2 10915
S3 10796
Bank Nifty(Jul Fut)-Trading Strategy
H6 11262 Trgt 2
H5 11218 Trgt 1
H4 11174 Long breakout
H3 11120 Go Short
H2 11102
H1 11084
L1 11049
L2 11031
L3 11013 Long
L4 10959 Short Breakout
L5 10915 Trgt 1
L6 10871 Trgt 2
Nifty Spot-Levels & Trading Strategy for 22-07-2011
Nifty Spot-Levels
R3 5614
R2 5596
R1 5568
Avg 5550
S1 5522
S2 5504
S3 5476
Nifty Spot-Trading Strategy
H6 5587 Trgt 2
H5 5576 Trgt 1
H4 5566 Long breakout
H3 5553 Go Short
H2 5549
H1 5545
L1 5536
L2 5532
L3 5528 Long
L4 5515 Short Breakout
L5 5505 Trgt 1
L6 5494 Trgt 2
Pre-closing Outlook(21-07-2011)
Nifty traded whole day between mentioned range(5530-5580) and slipped from higher levels after minor selling at higher levels between 5558-5573 but lower levels patterns are indicating consolidation also. US markets may slip today because selling intraday patterns in US markets intraday charts.
Sentiment may be depressed tomorrow morning and sustaining beyond today trading range will be next moves confirmations.
Sentiment may be depressed tomorrow morning and sustaining beyond today trading range will be next moves confirmations.
Post-open Outlook(21-07-2011)
Following line was told in Pre-open Outlook today:-
"Nifty will first trade and prepare for next moves between 5530-5580 after flat to negative opening"
Nifty traded in first hour today between 5536.25-5578.90 and preparing for next moves and voltality is being seen within this range. Good seliing above this range and follow up selling today will mean sharp declines and follow up buying will mean beginning of fresh slow rally through consolidations above 5580.
Foundation of next moves will be laid between 5530-5580 in the coming hours today and its break out implications will be on above mentioned lines.
Pre-open Outlook(21-07-2011)
Technical Positions,today Outlook and next possibilities have already been explained in following topic in the Blog yesterday therefore not being repeated today:-
1- Technical Analysis,Researches & Market Outlook(21-07-2011)
2- Nifty-Micro Analysis of Intra Day Chart For 21-07-2011
Nifty is volatile between little broader range of 5500-5650 for the last 7 sessions therefore next decisive moves confirmation will be sustaining beyond this range,as good support at lower levels and strong resistance at higher levels also therefore its break out not expected today.
Asian markets are little weak today morning after US markets Red closing yesterday therefore sentiment is subdued and Nifty will first trade and prepare for next moves between 5530-5580 after flat to negative opening and :-
1- 5530-5580 break out will be next moves first indication.
2- 5500-5650 break out will be next trend strong confirmation.
Technical Analysis,Researches & Market Outlook(21-07-2011)
Nifty-EOD Chart(20-Jul-2011):-
Technical Patterns and Formations in EOD charts
Bullish Formations
1- Double bottom at 5496
2- Good intraday consolidation between 5500-5573
3- Wave 3 range bound between 5496-5655
Bearish Formations
1- Lower top formations at 5655
2- Tripple top formation at 5655
3- Selling between 5595-5653
4- Engulfing Bearish Candle today.
Conclusions
Sub Wave-3 is on after corrective Sub wave-2 completion at 5496 and range bound between 5496-5655 for the last 7 sessions,Good support between 5500-5573 and resistance between 5595-5653 within this range. Implication of 5595-5653 break out are as follows:-
1- Sustaing above 5653 will be confirmation of impulsive Sub Wave-3 contunuation and upmoves will be expected after crossing 5740.
2- sustaining below 5496 will be confirmation of Sub Wave-3 failure and corrective Sub Wave-2 continuation and sharp down moves will be seen between 5195-5496
Conflicting global news flow and sentiments therefore news based voltality is being seen for the last few sessions. Next trend confirmation will be sustaining beyond 5496-5655 and should be watched first because lower levels support and higher levels resistance within mentioned 156 points range. Expected that Nifty will trade between mentioned range and firstly prepare for next moves near 5573.
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Bullish Formations
1- Double bottom at 5496
2- Good intraday consolidation between 5500-5573
3- Wave 3 range bound between 5496-5655
Bearish Formations
1- Lower top formations at 5655
2- Tripple top formation at 5655
3- Selling between 5595-5653
4- Engulfing Bearish Candle today.
Conclusions
Sub Wave-3 is on after corrective Sub wave-2 completion at 5496 and range bound between 5496-5655 for the last 7 sessions,Good support between 5500-5573 and resistance between 5595-5653 within this range. Implication of 5595-5653 break out are as follows:-
1- Sustaing above 5653 will be confirmation of impulsive Sub Wave-3 contunuation and upmoves will be expected after crossing 5740.
2- sustaining below 5496 will be confirmation of Sub Wave-3 failure and corrective Sub Wave-2 continuation and sharp down moves will be seen between 5195-5496
Conflicting global news flow and sentiments therefore news based voltality is being seen for the last few sessions. Next trend confirmation will be sustaining beyond 5496-5655 and should be watched first because lower levels support and higher levels resistance within mentioned 156 points range. Expected that Nifty will trade between mentioned range and firstly prepare for next moves near 5573.
Nifty-Micro Analysis of Intra Day Chart For 21-07-2011
Nifty-Intra Day Chart(20-Jul-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5606-5636
2- Selling between 5575-5595
3- Last 1 hour mixed Patterns between 5556-5573
Conclusions
Whole day selling at higher levels. 5600-5650 was already resistance and again intraday selling seen between 5606-5636 and in this manner resistance range becomes stronger. 5500-5577 is strong support range but Nifty entered between it after again selling between 5575-5595. Niifty traded between 5556-5573 in last 1 hour with intraday mixed patterns.
Confirm selling between 5575-5650 and lower levels buying between 5500-5573. Indian markets are range bound,follow up buying/selling tomorrow and the coming sessions as well as break out of 5500-5650 will form next trend.
Indian markets are extremely global cues based,beginning of tomorrow market and first trading range will be decided after understanding tomorrow morning global cues and will be posted accordingly before opening.
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| Just click on chart for its enlarged view |
1- Selling between 5606-5636
2- Selling between 5575-5595
3- Last 1 hour mixed Patterns between 5556-5573
Conclusions
Whole day selling at higher levels. 5600-5650 was already resistance and again intraday selling seen between 5606-5636 and in this manner resistance range becomes stronger. 5500-5577 is strong support range but Nifty entered between it after again selling between 5575-5595. Niifty traded between 5556-5573 in last 1 hour with intraday mixed patterns.
Confirm selling between 5575-5650 and lower levels buying between 5500-5573. Indian markets are range bound,follow up buying/selling tomorrow and the coming sessions as well as break out of 5500-5650 will form next trend.
Indian markets are extremely global cues based,beginning of tomorrow market and first trading range will be decided after understanding tomorrow morning global cues and will be posted accordingly before opening.
FII & DII trading activity in Capital Market Segment on 20-Jul-2011
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Indian Stock Markets Closing Reports(01-Jul-2011)
Main features of today trading are as follows
1- Whole day down moves and lost all the yesterday gains.
2- Black Candle.
3- All the Indices closed in Red except Reality and FMCG.
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(20-Jul-2011): 20.34
Advances & Declines
BSE ADVANCES : 1171
BSE DECLINES : 1732
NSE ADVANCES : 467
NSE DECLINES : 962
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jul)- +1438000(+36.67%)
Nifty- 5500 PE(Jul)- -721700(-6.26%)
Nifty- 5600 CE(Jul)- +1969100(+27.63%)
Nifty- 5600 PE(Jul)- -495750(-6.56%)
Nifty- 5700 CE(Jul)- +1302600(+14.31%)
Nifty- 5700 PE(Jul)- -461500(-13.06%)
Closing
Nifty- closed at 5,567.05(-46.50 Points & -0.83%)
Sensex- closed at 18,502.38(-151.49 Points & -0.81% )
CNX MIDCAP - closed at 8,108.20(-104.70 Points & -1.27%)
BSE SMALL CAP- closed at 8,432.34(-30.58 Points & -0.36%)
Nifty Spot-Levels & Trading Strategy for 21-07-2011
Nifty Spot-Levels
R3 5713
R2 5679
R1 5623
PIVOT 5589
S1 5533
S2 5499
S3 5443
Nifty Spot-Trading Strategy
H6 5657 Trgt 2
H5 5636 Trgt 1
H4 5616 Long breakout
H3 5591 Go Short
H2 5583
H1 5575
L1 5558
L2 5550
L3 5542 Long
L4 5517 Short Breakout
L5 5497 Trgt 1
L6 5476 Trgt 2
R3 5713
R2 5679
R1 5623
PIVOT 5589
S1 5533
S2 5499
S3 5443
Nifty Spot-Trading Strategy
H6 5657 Trgt 2
H5 5636 Trgt 1
H4 5616 Long breakout
H3 5591 Go Short
H2 5583
H1 5575
L1 5558
L2 5550
L3 5542 Long
L4 5517 Short Breakout
L5 5497 Trgt 1
L6 5476 Trgt 2
Nifty(Jul Fut)-Levels & Trading Strategy for 21-07-2011
Nifty(Jul Fut)-Levels
R3 5737
R2 5697
R1 5633
PIVOT 5593
S1 5529
S2 5489
S3 5425
Nifty(Jul Fut)-Trading Strategy
H6 5673 Trgt 2
H5 5649 Trgt 1
H4 5626 Long breakout
H3 5597 Go Short
H2 5588
H1 5578
L1 5559
L2 5549
L3 5540 Long
L4 5511 Short Breakout
L5 5488 Trgt 1
L6 5464 Trgt 2
R3 5737
R2 5697
R1 5633
PIVOT 5593
S1 5529
S2 5489
S3 5425
Nifty(Jul Fut)-Trading Strategy
H6 5673 Trgt 2
H5 5649 Trgt 1
H4 5626 Long breakout
H3 5597 Go Short
H2 5588
H1 5578
L1 5559
L2 5549
L3 5540 Long
L4 5511 Short Breakout
L5 5488 Trgt 1
L6 5464 Trgt 2
Bank Nifty(Jul Fut)-Levels & Trading Strategy for 21-07-2011
Bank Nifty(Jul Fut)-Levels
R3 11583
R2 11493
R1 11336
PIVOT 11246
S1 11089
S2 10999
S3 10842
Bank Nifty(Jul Fut)-Trading Strategy
H6 11426 Trgt 2
H5 11370 Trgt 1
H4 11314 Long breakout
H3 11246 Go Short
H2 11224
H1 11201
L1 11156
L2 11133
L3 11111 Long
L4 11043 Short Breakout
L5 10987 Trgt 1
L6 10931 Trgt 2
R3 11583
R2 11493
R1 11336
PIVOT 11246
S1 11089
S2 10999
S3 10842
Bank Nifty(Jul Fut)-Trading Strategy
H6 11426 Trgt 2
H5 11370 Trgt 1
H4 11314 Long breakout
H3 11246 Go Short
H2 11224
H1 11201
L1 11156
L2 11133
L3 11111 Long
L4 11043 Short Breakout
L5 10987 Trgt 1
L6 10931 Trgt 2
Pre-closing Outlook(20-07-2011)
Weakness after good higher levels selling and entry into support range( 5500-5577). Follow up buying/selling tomorrow will decide next moves beyond 5500-5577.
Mid-session Outlook(20-07-2011)
Although Indian markets were trading with good gains but doubts were shown in following words and trend confirmation range of 5600-5650 was given in Post-open Outlook today:-
Indian markets does not opened much strong
5600-5650 broken down and Nifty is trading below 5600 after intraday selling betweeen 5606-5636. As this selling is between resistance range therefore sharp fall seen. 5505-5577 is strong support range therefore until Nifty will not slip below 5506 till then view will not be bearish.
Market is showing range bound character between 5500-5650 and follow up selling seen between 5577-5606 today therefore more down moves are possible but 5500-5577 is strong support and Nifty will not easily slip below 5577.
Indian markets does not opened much strong
5600-5650 broken down and Nifty is trading below 5600 after intraday selling betweeen 5606-5636. As this selling is between resistance range therefore sharp fall seen. 5505-5577 is strong support range therefore until Nifty will not slip below 5506 till then view will not be bearish.
Market is showing range bound character between 5500-5650 and follow up selling seen between 5577-5606 today therefore more down moves are possible but 5500-5577 is strong support and Nifty will not easily slip below 5577.
Post-open Outlook(20-07-2011)
Most of the Asian markets slipped from intraday higher levels and SSE(China) is in Red as well as Hangsang is flat therefore Indian markets does not opened much strong and trading between resistance range(5600-5650). Highly fluctuating global cues nowadays and markets are reacting to that therefore next moves confirmation will be sustaining beyond resistance range(5600-5650) between which nifty is trading since opening today.
Rally triggering by Strong Global Markets
Technical Analysis,Researches & Market Outlook(20-07-2011)
Nifty-EOD Chart(19-Jul-2011):-
Technical Patterns and Formations in EOD charts
1- Rally(Sub-Wave-1) begun on 20-06-2011 from 5195
2- Correction of this rally started on 08-07-2011 from 5740 after good selling between 5700-5740 and Sub-Wave-2 started.
3- Nifty is trading between 5497-5653 for the last 6 sessions with intraday consolidation at lower levels between 5505-5577 and selling between 5600-5650.
4- Sustaining above 5653 will be confirmation of correction(Sub-Wave-2) completion at 5497 and beginning of Sub-Wave-3
Conclusions
Good consolidations at lower levels and strong global cues today mean that Nifty will trade at or above last 6 sessions range(5497-5653). As global cues finally turned strong therefore expected that Nifty will consolidate near or above 5653 today and will test next resistance range 5700-5740 in the coming sessions.
As sustaining above 5653 will be confirmation of correction(Sub-Wave-2) completion at 5497 and beginning of Sub-Wave-3 therefore rally above 5740 will also be expected after fresh consolidations between 5700-5740.
Nifty-EOD Chart(19-Jul-2011):-
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| Just click on chart for its enlarged view |
1- Rally(Sub-Wave-1) begun on 20-06-2011 from 5195
2- Correction of this rally started on 08-07-2011 from 5740 after good selling between 5700-5740 and Sub-Wave-2 started.
3- Nifty is trading between 5497-5653 for the last 6 sessions with intraday consolidation at lower levels between 5505-5577 and selling between 5600-5650.
4- Sustaining above 5653 will be confirmation of correction(Sub-Wave-2) completion at 5497 and beginning of Sub-Wave-3
Conclusions
Good consolidations at lower levels and strong global cues today mean that Nifty will trade at or above last 6 sessions range(5497-5653). As global cues finally turned strong therefore expected that Nifty will consolidate near or above 5653 today and will test next resistance range 5700-5740 in the coming sessions.
As sustaining above 5653 will be confirmation of correction(Sub-Wave-2) completion at 5497 and beginning of Sub-Wave-3 therefore rally above 5740 will also be expected after fresh consolidations between 5700-5740.
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