Pre-closing Outlook(25-07-2011)

Up moves possibility was told in all the out looks which were updated for today trading and same was seen today despite deep Red US Futures and Asian markets. Nifty tested 5700 today and next resistance range is 5700-5740.

Firstly Indian markets out performed global crashing cues today morning and then gave confirmation of last 10 days range upward break out and sustained above 200 Days EMA therefore all trends are up.

Rally is on but market requires some more consolidation to cross resistance range of 5700-5740.Expected that Nifty will finally move above 5740 after more consolidation in the coming sessions.

Mid-session Outlook(25-07-2011)

As last 4 hours intraday buying was seen on 22-07-2011 therefore up moves possibility was told in all the outlooks and NIfty moved up also today to 5651.85 despite Dow's Futures is more than 130 points down and all the Asian trading in markets deep Red.

Resistance seen at higher levels between 5640-5650 therefore short covering possibility between this range can not be ruled out and next up moves will be considered above 5650. Next expected trading range is 5600-5640 and sustainiing beyond this range will be next very short term move confirmations.

It has to be specify that Indian markets are outperforming all the global markets but will be the best to get confirmation through sustaining beyond 5600-5650.

Pre-open Outlook(25-07-2011)

Dow's Futures is more than 100 points down and in reaction all the Asian markets are trading in Red today morning therefore weak opening will be seen in Indian markets. I told many times earlier and again repeating today that flood of contradicting global cues and violent voltality in European and US markets therefore big uncertainity and most cautious approach is required.

5600 is most crucial point and Nifty is hovering it around for the last 10 sessions. Nifty traded 4 hours above it between 5606-5636 last Friday therefore sustaining beyond this range will be first strong indication of next move. As consolidation seen between mentioned range therefore finally sustaining above 5636 is expected but deep debt crisis in USA and global uncertainity therefore next trend confirmation is must through sustaining beyond 5606-5636.

Trend Deciding 5 Levels

Technical Analysis and Research For 25-07-2011

Nifty-EOD Chart(22-Jul-2011):-

Just click on chart for its enlarged view

5 Crucial Levels

1- 5200- 2 Times Panic bottom support
2- 5350- Strong support
3- 5600- Most crucial and all the trends deciding level
4- 5740- Minor resistance
5- 5900- Strong resistance

Conclusions

Nifty traded most of the time between 5350-5600 in last 8 months and 5600 is the most crucial point because all the important EMAs(8,21,55,200) are near this point and it produces resistance many times in last 8 months.

Nifty is hovering around 5600 for the last 10 sessions and finally sustaining beyond this 5600 will be next move strong confirmation. As consolidation seen near 5600 therefore expected that Nifty will finally sustain above 5600 and fresh rally will be seen.

Nifty-Micro Analysis of 10 days Intra Day Chart(Ju1 11 to Jul 22,2011)

Nifty-Intra Day Chart(Ju1 11 to Jul 22,2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 10 sessions intraday charts

1- Last 10 days trading range 5497-5653 and closing is at 5634 on 22-07-2011
2- Consolidation between 5505-5581 in last 10 sessions.
3- Last 4 hours intraday consolidations between 5606-5636 but little selling at higher levels on 22-07-2011.

Conclusions

As 4 hours consolidation patterns at the top of last 10 sessions range and also closing near the top of last 10 days therefore posssibility of fresh rally turned higher last Friday and confirmation is sustaining above 5636.

Falling Trendline broken out 6th time on 22-07-2011

Technical Analysis and Research For 25-07-2011

Nifty-EOD Chart(22-Jul-2011):-

Just click on chart for its enlarged view

Falling trend line begun on 05-11-2010 from 6338 and and since then Nifty tested and retraced 5 times earlier. Nifty again tested it on 22-07-2011 and hovered around 4 hours between 5606-5636 with intraday consolidation patterns

Sustaining above 5636 will be next rally first strong indication,as consolidation seen near it between 5606-5636 on 22-07-2011 therefore its break out and finally sustaining above possibility turned higher. 

Rally confirmation level is sustaining beyond 5636 within couple of sessions.

Nifty-Micro Analysis of Intra Day Chart For 25-07-2011

Nifty-Intra Day Chart(22-Jul-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Buying between- 5568-5581
2- Last 4 hours intraday consolidations between 5606-5636 but little selling at higher levels.

Conclusions

Nifty traded last 4 hours between resistance range of 5606-5636 and intraday charts are suggesting most of the time consolidations. Although minor selling felt at higher levels but expected that Nifty will finally sustain above 5636 and rally will be seen in the next week.

As news based violent global voltality is being seen therefore  sustaining beyond 5606-5636 will be watched first for next move confirmations.

FII & DII trading activity in Capital Market Segment on 22-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 22-Jul-2011 2718.66 2273.75 444.91

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Jul-2011 1329.71 1086.66 243.05

Indian Stock Markets Closing Reports(22-Jul-2011)

Main features of today trading are as follows

1- Long White Candle.
2- All the Indices closed in Green except Consumer durables.
3- Closing at last 10 days highest.

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(22-Jul-2011): 20.57

Advances & Declines

BSE ADVANCES : 1686
BSE DECLINES : 1244
NSE ADVANCES : 913
NSE DECLINES : 498

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- -2205400(-32.37%)
Nifty- 5500 PE(Jul)- +299150(+2.74%)

Nifty- 5600 CE(Jul)- -3242100(-33.55%)
Nifty- 5600 PE(Jul)- +2815500(+44.59%)

Nifty- 5700 CE(Jul)- -781700(-7.91%)
Nifty- 5700 PE(Jul)- +2557750(+93.41%)

Closing 

Nifty- closed at 5,633.95(+92.35Points & +1.67%)
Sensex- closed at 18,722.30(+286.11 Points & +1.55% )
CNX MIDCAP - closed at 8,153.90(+105.75 Points & +1.31%)
BSE SMALL CAP- closed at 8,463.49(+69.19 Points & +0.82%)

Nifty Spot-Levels & Trading Strategy for 25-07-2011

Nifty Spot-Levels

R3 5736
R2 5689
R1 5661
Avg 5614
S1 5586
S2 5539
S3 5511

Nifty Spot-Trading Strategy

H6 5708     Trgt 2
H5 5691     Trgt 1
H4 5674     Long breakout
H3 5653     Go Short
H2 5646
H1 5639
L1 5626
L2 5619
L3 5612     Long
L4 5591     Short Breakout
L5 5574     Trgt 1
L6 5557     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 25-07-2011

Nifty(Jul Fut)-Levels

R3 5752
R2 5702
R1 5673
Avg 5623
S1 5594
S2 5544
S3 5515

Nifty(Jul Fut)-Trading Strategy

H6 5725     Trgt 2
H5 5706     Trgt 1
H4 5688     Long breakout
H3 5666     Go Short
H2 5659
H1 5652
L1 5637
L2 5630
L3 5623     Long
L4 5601     Short Breakout
L5 5583     Trgt 1
L6 5564     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 25-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11610
R2 11470
R1 11390
Avg 11250
S1 11170
S2 11030
S3 10950

Bank Nifty(Jul Fut)-Trading Strategy

H6 11533     Trgt 2
H5 11482     Trgt 1
H4 11431     Long breakout
H3 11370     Go Short
H2 11350
H1 11330
L1 11289
L2 11269
L3 11249     Long
L4 11189     Short Breakout
L5 11137     Trgt 1
L6 11086     Trgt 2

Nifty Spot-Weekly Levels & Trading01trategy(Jul 25 to Jul 29,2011)

Nifty Spot-Weekly Levels

R3 5781
R2 5711
R1 5672
Avg 5602
S1 5563
S2 5493
S3 5454

Nifty Spot-Weekly Trading Strategy 

H6 5743     Trgt 2
H5 5718     Trgt 1
H4 5692     Long breakout
H3 5662     Go Short
H2 5652
H1 5642
L1 5623
L2 5613
L3 5603     Long
L4 5573     Short Breakout
L5 5547     Trgt 1
L6 5522     Trgt 2

Pre-closing Outlook(22-07-2011)

Range bound between mentioned resistance range 5606-5636 for the last 4 hours with intraday consolidations but little selling also felt at higher levels therefore this range break out will be watched for next moves confirmations in next week and break out above 5636 possibility is higher as well.

Post-open Outlook(22-07-2011)

Indian markets opened and trading with good gains but not strong and under performing global markets immediately after opening today. Coming hours intraday charts will give confirmation of consolidation or distribution and break out of 5555-5600 will give next move first indiction but:-

1- Resistance between 5606-5636 above 5600
2- Support between 5535-5553 below 5555

Next trend confirmation 101 point range is 5535-5636 and expected that Nifty will trade between this range in couple of sessions and prepare for next moves. Next trend deciding broader range is 5496-5740 but break out of 5535-5636 will be almost confirmation of mentioned broader range crossing.

9 days range bound market and 3 following crucial ranges are for confirmation of next trend of Indian markets and break out of these ranges will give next moves confirmation one by one:-

1- 5555-5600(Indication consolidation/distribution)
2- 5535-5636(First indication next trend)
3- 5496-5740(Next trend confirmation)

As today intraday charts are showing consolidation patterns therefore rally expectations are very much alive.

Strong Global cues inviting Bulls

Technical Analysis,Researches & Market Outlook For 22-07-2011

Nifty-Weekly Chart(21-Jul-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in Weekly  charts

1- Continuation Pattern Pennant formation
2- Falling Trend Line
3- 19 Months Rising Trend Line
4- MACD upward cross over

Conclusions

Bullish patterns in Weekly chart and weekly MACD upward cross are suggesting rally but correction is on for the last 3 weeks and high voltality is being seen in Indian and global markets. Daily new conflicting news from European countries and all the global markets are reacting on all that. As EU agrees on Greek aid therefore US Stocks advanced yesterday and in reactions all the Asian stocks are strong today morning.

As  Nifty consolidated between 5535-5553 yesterday and Global markets are rallying today morning therefore indian markets will also open with good gains and firstly trade between 5565-5605 as well as prepare for next moves. Immediate resistance above this range is between 5606-5636 and today intraday consolidation between mentioned both ranges will mean beginning of rally above 5650 after 9 days sideways market. Weekly MACD is showing positive market signals and today intraday consolidation will mean rally after 5650 crossing.

Strong global news and cues and possibility of Greece problem solution therefore expected that Indian markets will consolidate today and strong rally above 5650 will be seen within couple of sessions.

Strong Global cues inviting Bulls therefore Whole day positive markets and Green closing with good gains expected today and for precaution sustaining beyond next resistance range of 5606-5636 will be watched for confirmations.

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):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

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

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 21-Jul-2011 1627.54 2205.18 -577.64

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Jul-2011 1223.92 815.56 408.36

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