Technical Analysis,Researches & Market Outlook(24-08-2011)

Nifty-Micro Analysis of Intra Day Chart For 24-08-2011

Nifty-Intra Day Chart(23-Aug-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Good consolidation between 4863-4898.
2- Selling between 4952-4963.
3- Consolidation Patterns between 4929-4952
4- Whole day trading between 4863-4965

Conclusions

Firstly rally after good lower level consolidation and then again consolidation Patterns between 4929-4952 after 90 minutes higher levels Selling between 4952-4963. As consolidation Patterns again seen at higher levels therefoe continuation of rally expected tomorrow.

FII Trading Data in Derivatives Segment on 23-Aug-2011

FII & DII trading activity in Capital Market Segment on 23-Aug-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 23-Aug-2011 2577.78 2678.12 -100.34

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Aug-2011 928.39 625.5 302.89

Indian Stock Markets Closing Reports(23-Aug-2011)

Main features of today trading are as follows

1- Bullish Hammer Candle.
2- Green closing
3- All the Indices closed positive.

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(23-Aug-2011): 17.87

Advances & Declines

BSE ADVANCES : 1835
BSE DECLINES : 1024
NSE ADVANCES : 1007
NSE DECLINES :  403

Nifty Open Interest Changed Today

Nifty- 4900 CE(Aug)- +362550(+11.41%)
Nifty- 4900 PE(Aug)- +1178850(+30.79%)

Nifty- 5000 CE(Aug)- +868700(+13.67%)
Nifty- 5000 PE(Aug)- +1038050(+27.88%)

Closing 

Nifty- closed at 4,948.90(+50.10 Points & +1.02%)
Sensex- closed at 16,498.47(+156.77 Points & +0.96% )
CNX MIDCAP - closed at 7,324.50(+85.30 Points & +1.18%)
BSE SMALL CAP- closed at 7,195.32(+82.71 Points & +1.16%)

Nifty Spot-Levels & Trading Strategy for24-08-2011

Nifty Spot-Levels

R3 5089
R2 5027
R1 4987
Avg 4925
S1 4885
S2 4823
S3 4783

Nifty Spot-Trading Strategy

H6 5051     Trgt 2
H5 5027      Trgt 1
H4 5004     Long breakout
H3 4976      Go Short
H2 4966
H1 4957
L1 4938
L2 4929
L3 4919     Long
L4 4891     Short Breakout
L5 4868     Trgt 1
L6 4844     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for24-08-2011

Nifty(Aug Fut)-Levels

R3 5099
R2 5036
R1 4991
Avg 4928
S1 4883
S2 4820
S3 4775

Nifty(Aug Fut)-Trading Strategy

H6 5056     Trgt 2
H5 5031     Trgt 1
H4 5006     Long breakout
H3 4976     Go Short
H2 4966
H1 4956
L1 4937
L2 4927
L3 4917     Long
L4 4887     Short Breakout
L5 4862     Trgt 1
L6 4837     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for24-08-2011

Bank Nifty(Aug Fut)-Levels

R3 9813
R2 9666
R1 9573
Avg 9426
S1 9333
S2 9186
S3 9093

Bank Nifty(Aug Fut)-Trading Strategy

H6 9725     Trgt 2
H5 9668     Trgt 1
H4 9612     Long breakout
H3 9546     Go Short
H2 9524
H1 9502
L1 9458
L2 9436
L3 9414     Long
L4 9348     Short Breakout
L5 9291     Trgt 1
L6 9234     Trgt 2

Pre-Closing Outlook(23-08-2011)

Following line was told at 01:54PM today in Mid-session Outlook-3:-

"Selling formations between 4952-4963"

Any one can verify from today intraday charts that Nifty could not moved above 4963 after my above selling formation message. Nifty slipped below 4952 sharply at 02:29pm and made bottom of 4927 after my posting.

Technical positions of today intraday charts as follows:-

1- Good consolidation between 4863-4898 today.
2- Selling between 4952-4963.

View can not be bearish after 90 minutes today higher levels selling and outlook is still positive. Expected that more consolidation will be seen and after that Nifty will finally cross 4963. View is positive but selling at higher levels today therefore only confirmation is required through sustaining above 4963.

Mid-session Outlook-3(23-08-2011)

Selling formations between 4952-4963.

Mid-session Outlook-2(23-08-2011)

 Examples of today accurate predictions:-

1- Slipping upto 4865 was told and Nifty slipped upto 4863.80 before strong recovery of more than 60 points.
2- Only positive market was told again and again and market turned Positive after slipping into negative zone.

Nifty moved above 4891 and rally expected after sustaining above it now. 

Mid-session Outlook(23-08-2011)

Slipping upto 4865 was told  and Nifty slipped upto 4863.80 at this moment today. Let down moves stop first and base formation begin today then ongoing consolidation lowest will get confirmation.

Positive market is expected after some more consolidations and next upmove confirmation level is sustaining above 4891. Any down move will be considered only after sustaining below 4865 and next moves confirmation range is 4865-4891.

Post-open Outlook(23-08-2011)

Following line was told for today market in Technical Analysis,Researches & Market Outlook(23-08-2011)

As sentiment turned heated during last one hour of trading yesterday therefore market require some consolidation before any up move and slipping upto 4865 may be possible in consolidation precess otherwise continuation of yesterday started rally expected in the coming sessions.

Slipping possibility upto 4865 was told and Nifty has already slipped up 4876 today. Fresh consolidation was a demand before any up move and it has already been explained also.

Positive market is expected after some more consolidations and next upmove confirmation level is sustaining above 4891.

Pre-open Outlook(23-08-2011)

Technical Analysis and Research and Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 1 Chart therefore not being repeated:-

Technical Analysis,Researches & Market Outlook(23-08-2011)

Dow's Futures is more than 60 points up and all Asian markets are trading in Green therefore sentiment is good today morning and Indian markets will open gap up today. Pull Back rally is on and positive market expected today.

Technical Analysis,Researches & Market Outlook(23-08-2011)

Nifty-Micro Analysis of Intra Day Chart For 23-08-2011

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4809-4850
2- Rising channel Formation
3- Whole day trading between 4809-4907

Conclusions

EOD Chart analysis has already been explained in following topic on 21-08-2011 :-

Pull Back Rally Possibility from 4843

Pull Back rally begun after base formation between 4798-4850 in last two sessions and after that upmoves were seen in Rising channel between 4850-4905 yesterday.

Next immediate resistances are as follows:-

1- 4910-4932(Gap)
2- 5100-5200(Good selling)

As sentiment turned heated during last one hour of trading yesterday therefore market require some consolidation before any up move and slipping upto 4865 may be possible in consolidation precess otherwise continuation of yesterday started rally expected in the coming sessions.

Indian markets are technically mature for Pull back rally and its confirmation will be fresh consolidation firstly and then sustaining above 4891.

Expected that Nifty will finally sustain above 4891 after consolidation today.

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

Main features of today trading are as follows

1- Long White Candle.
2- Most Indices closed near the high of day.
3- All the Indices closed in Green except Bank and IT.

Ratios

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(22-Aug-2011): 17.68

Advances & Declines

BSE ADVANCES : 1809
BSE DECLINES : 1029
NSE ADVANCES : 1023
NSE DECLINES :  403

Nifty Open Interest Changed Today

Nifty- 4800 CE(Aug)- -1060600(-39.29%)
Nifty- 4800 PE(Aug)- +485050(+9.74%)

Nifty- 4900 CE(Aug)- -1083650(-25.06%)
Nifty- 4900 PE(Aug)- +377400(+10.47%)

Closing 

Nifty- closed at 4,898.80(+53.15 Points & +1.10%)
Sensex- closed at 16,341.70(+200.03 Points & +1.24% )
CNX MIDCAP - closed at 7,239.20(+107.95 Points & +1.51%)
BSE SMALL CAP- closed at 7,112.61(+108.05 Points & +1.54%)

Nifty Spot-Levels & Trading Strategy for 23-08-2011

Nifty Spot-Levels

R3 5038
R2 4974
R1 4936
Avg 4872
S1 4834
S2 4770
S3 4732

Nifty Spot-Trading Strategy

H6 5001     Trgt 2
H5 4978     Trgt 1
H4 4954     Long breakout
H3 4926     Go Short
H2 4916
H1 4907
L1 4888
L2 4879
L3 4869     Long
L4 4841     Short Breakout
L5 4818     Trgt 1
L6 4794     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 23-08-2011

Nifty(Aug Fut)-Levels

R3 5053
R2 4987
R1 4948
Avg 4882
S1 4843
S2 4777
S3 4738

Nifty(Aug Fut)-Trading Strategy

H6 5017     Trgt 2
H5 4992     Trgt 1
H4 4967     Long breakout
H3 4938     Go Short
H2 4929
H1 4919
L1 4900
L2 4890
L3 4881     Long
L4 4852     Short Breakout
L5 4827     Trgt 1
L6 4802     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 23-08-2011

Bank Nifty(Aug Fut)-Levels

R3 9761
R2 9620
R1 9516
Avg 9375
S1 9271
S2 9130
S3 9026

Bank Nifty(Aug Fut)-Trading Strategy

H6 9662     Trgt 2
H5 9605     Trgt 1
H4 9547     Long breakout
H3 9480     Go Short
H2 9457
H1 9435
L1 9390
L2 9368
L3 9345     Long
L4 9278     Short Breakout
L5 9220     Trgt 1
L6 9163     Trgt 2

100% accurate Prediction of today market was done yesterday

Just go though following lines and verify from today intraday chart and it will be proved that whatsoever told yesterday,all that proved 100% true during trading hours today.

Nifty traded between 4798-4891 on 19-08-2011 with selling at higher levels and buying at lower levels,expected that Nifty will firstly  trade between this range. Although Indian markets may slip first but high possibility of firstly sustaing above 4798 and finally sustaing above 4891 as well as emergence of Pull Back Rally.

Above lines were told in following topic. Just click and verify on yours own.:-

Pull Back Rally Possibility from 4843

Pre-Closing Outlook(22-08-2011)

Those up moves which were told clearly told yesterday in following topic were seen during trading hours today:-

Pull Back Rally Possibility from 4843

Up moves were told in intraday outlooks today also and last Friday range crossed after lower levels follow up buying today therefore continuation of up moves are expected in the coming sessions.

Mid-session Outlook-2(22-08-2011)

Good support seen at lower levels today also after last Friday lower levels supports therefore Pull Back Rally possibility turned higher now and confirmation will be sustaining above 4891.