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Indian Stock Markets Closing Reports(29-Aug-2011)
Main features of today trading are as follows
1- Long White Candle
2- Strong Global cues triggered rally today.
3- All the Indices closed in Green with good gains.
Ratios
Nifty Put Call Ratio: 1.10
Nifty P/E Ratio(29-Aug-2011): 17.76
Advances & Declines
BSE ADVANCES : 2148
BSE DECLINES : 711
NSE ADVANCES : 1247
NSE DECLINES : 206
Nifty Open Interest Changed Today
Nifty- 4800 CE(Aug)- -475650(-18.80%)
Nifty- 4800 PE(Aug)- +1332150(+27.16%)
Nifty- 4900 CE(Aug)- +247150(+7.30%)
Nifty- 4900 PE(Aug)- +709850(+21.03%)
Nifty- 5000 CE(Aug)- +9850(+0.18%)
Nifty- 5000 PE(Aug)- +108450(+2.66%)
Closing
Nifty- closed at 4,919.60 (+171.80 Points & +3.62%)
Sensex- closed at 16,416.33(+567.50 Points & +3.58% )
CNX MIDCAP - closed at 7,201.50(+157.50 Points & +2.24%)
BSE SMALL CAP- closed at 7,053.81(+142.45 Points & +2.06%)
Nifty Spot-Levels & Trading Strategy for 30-08-2011
Nifty Spot-Levels
R3 5094
R2 5014
R1 4966
Avg 4886
S1 4838
S2 4758
S3 4710
Nifty Spot-Trading Strategy
H6 5050 Trgt 2
H5 5019 Trgt 1
H4 4989 Long breakout
H3 4954 Go Short
H2 4942
H1 4930
L1 4907
L2 4895
L3 4883 Long
L4 4848 Short Breakout
L5 4818 Trgt 1
L6 4787 Trgt 2
R3 5094
R2 5014
R1 4966
Avg 4886
S1 4838
S2 4758
S3 4710
Nifty Spot-Trading Strategy
H6 5050 Trgt 2
H5 5019 Trgt 1
H4 4989 Long breakout
H3 4954 Go Short
H2 4942
H1 4930
L1 4907
L2 4895
L3 4883 Long
L4 4848 Short Breakout
L5 4818 Trgt 1
L6 4787 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 30-08-2011
Nifty(Sep Fut)-Levels
R3 5132
R2 5040
R1 4986
Avg 4894
S1 4840
S2 4748
S3 4694
Nifty(Aug Fut)-Trading Strategy
H6 5082 Trgt 2
H5 5048 Trgt 1
H4 5013 Long breakout
H3 4973 Go Short
H2 4959
H1 4946
L1 4919
L2 4906
L3 4892 Long
L4 4852 Short Breakout
L5 4817 Trgt 1
L6 4783 Trgt 2
R3 5132
R2 5040
R1 4986
Avg 4894
S1 4840
S2 4748
S3 4694
Nifty(Aug Fut)-Trading Strategy
H6 5082 Trgt 2
H5 5048 Trgt 1
H4 5013 Long breakout
H3 4973 Go Short
H2 4959
H1 4946
L1 4919
L2 4906
L3 4892 Long
L4 4852 Short Breakout
L5 4817 Trgt 1
L6 4783 Trgt 2
Bank Nifty(Sep Fut)-Levels & Trading Strategy for 30-08-2011
Bank Nifty(Sep Fut)-Levels
R3 9773
R2 9573
R1 9459
Avg 9259
S1 9145
S2 8945
S3 8831
Bank Nifty(Aug Fut)-Trading Strategy
H6 9668 Trgt 2
H5 9593 Trgt 1
H4 9517 Long breakout
H3 9431 Go Short
H2 9402
H1 9373
L1 9316
L2 9287
L3 9258 Long
L4 9172 Short Breakout
L5 9096 Trgt 1
L6 9021 Trgt 2
R3 9773
R2 9573
R1 9459
Avg 9259
S1 9145
S2 8945
S3 8831
Bank Nifty(Aug Fut)-Trading Strategy
H6 9668 Trgt 2
H5 9593 Trgt 1
H4 9517 Long breakout
H3 9431 Go Short
H2 9402
H1 9373
L1 9316
L2 9287
L3 9258 Long
L4 9172 Short Breakout
L5 9096 Trgt 1
L6 9021 Trgt 2
Pre-Closing Outlook(29-08-2011)
Positive global cues triggered strong rally in the Indian markets and last resistance range of 6 previous sessions is between 4952-4960.
Pull Back Rally survival today,its continuation and strong rally confirmation will be after crossing of next resistance(4952-4960).
Global markets moves are violent for the last couple of months and huge voltality is being seen. If no big jolt from global markets then continuation of rally expected after crossing of mentioned resistance range.
Mid-session Outlook(29-08-2011)
Crossing of first resistance(4871) was expressed within first hour today in Post-open Outlook and it is Pull back rally survival strong indication. Strong rally and no sign of selling today.
Next resistance is at 4966 and its testing is possible in the coming sessions.
Post-open Outlook(29-08-2011)
Dow'Futures is more than 110 points up today morning and all the Asian are 1% to 2% up except SSEC therefore good bounce back seen in Indian markets. Sentiment is strong and Nifty is trading between resistance range of 4827-4871. Pull Back Rally started on 19-08-2011 and sustaining above 4871 will be its survival confirmation.
Strong opening and trading today therefore possibility of crossing 4871 can not be rules out.
Strong opening and trading today therefore possibility of crossing 4871 can not be rules out.
Nifty-Micro Analysis of Intra Day Chart For 29-08-2011
Nifty-Intra Day Chart(26-Sep-2011):-
Technical Patterns and Formations in today intraday charts
1-Selling between 4827-4871
2-Down moves started after opening of European markets at 12:30 PM
3-Selling between 4783-4814
4- Whole day trading between 5724-4871
Conclusions
4843 was crucial support and its breaking down today mean termination of last hope of Pull Back Rally survival below 4798. As Nifty broke this support by force therefore it is confirmation of more down moves. Indian markets are completely weak and Bearish phase is so high that Pull Back Rally failed within 5 sessions.
Next supports and retrcelent levels will be updated in the coming topics and those levels will be Pull Back Rally or Bounce Back expectation.
When market was preparing for Pull Back rally termination near 4800 then it was updated in Mid-session Outlook today and following lines were told:-
As intraday selling also seen at higher levels today therefore slipping and sustaining below 4800 possibility is high now.
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| Just click on chart for its enlarged view |
1-Selling between 4827-4871
2-Down moves started after opening of European markets at 12:30 PM
3-Selling between 4783-4814
4- Whole day trading between 5724-4871
Conclusions
4843 was crucial support and its breaking down today mean termination of last hope of Pull Back Rally survival below 4798. As Nifty broke this support by force therefore it is confirmation of more down moves. Indian markets are completely weak and Bearish phase is so high that Pull Back Rally failed within 5 sessions.
Next supports and retrcelent levels will be updated in the coming topics and those levels will be Pull Back Rally or Bounce Back expectation.
When market was preparing for Pull Back rally termination near 4800 then it was updated in Mid-session Outlook today and following lines were told:-
As intraday selling also seen at higher levels today therefore slipping and sustaining below 4800 possibility is high now.
FII & DII trading activity in Capital Market Segment on 26-Aug-2011
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Indian Stock Markets Closing Reports(26-Aug-2011)
Main features of today trading are as follows
1- Long Black Candle.
2- Crucial support levels of 4798 broken down.
3- 5 sessions before started pull back rally terminated.
Ratios
Nifty Put Call Ratio: 1.25
Nifty P/E Ratio(26-Aug-2011): 17.14
Advances & Declines
BSE ADVANCES : 594
BSE DECLINES : 2287
NSE ADVANCES : 194
NSE DECLINES : 1255
Nifty Open Interest Changed Today
Nifty- 4700 CE(Aug)- +659100(+91.96%)
Nifty- 4700 PE(Aug)- +751400(+17.23%)
Nifty- 4800 CE(Aug)- +834650(+51.59%)
Nifty- 4800 PE(Aug)- +643150(+13.01%)
Closing
Nifty- closed at 4,747.80 (-91.80 Points & -1.90%)
Sensex- closed at 15,848.83(-297.50 Points & -1.84% )
CNX MIDCAP - closed at 7,044.00(-149.15 Points & -2.07%)
BSE SMALL CAP- closed at 6,911.36(-188.25 Points & -2.65%)
Nifty Spot-Levels & Trading Strategy for 29-08-2011
Nifty Spot-Levels
R3 4991
R2 4931
R1 4839
Avg 4779
S1 4687
S2 4627
S3 4535
Nifty Spot-Trading Strategy
H6 4899 Trgt 2
H5 4865 Trgt 1
H4 4830 Long breakout
H3 4788 Go Short
H2 4774
H1 4760
L1 4733
L2 4719
L3 4705 Long
L4 4663 Short Breakout
L5 4628 Trgt 1
L6 4594 Trgt 2
R3 4991
R2 4931
R1 4839
Avg 4779
S1 4687
S2 4627
S3 4535
Nifty Spot-Trading Strategy
H6 4899 Trgt 2
H5 4865 Trgt 1
H4 4830 Long breakout
H3 4788 Go Short
H2 4774
H1 4760
L1 4733
L2 4719
L3 4705 Long
L4 4663 Short Breakout
L5 4628 Trgt 1
L6 4594 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 29-08-2011
Nifty(Sep Fut)-Levels
R3 5097
R2 4992
R1 4928
Avg 4823
S1 4759
S2 4654
S3 4590
Nifty(Sep Fut)-Trading Strategy
H6 5038 Trgt 2
H5 4997 Trgt 1
H4 4956 Long breakout
H3 4910 Go Short
H2 4894
H1 4879
L1 4848
L2 4833
L3 4817 Long
L4 4771 Short Breakout
L5 4730 Trgt 1
L6 4689 Trgt 2
R3 5097
R2 4992
R1 4928
Avg 4823
S1 4759
S2 4654
S3 4590
Nifty(Sep Fut)-Trading Strategy
H6 5038 Trgt 2
H5 4997 Trgt 1
H4 4956 Long breakout
H3 4910 Go Short
H2 4894
H1 4879
L1 4848
L2 4833
L3 4817 Long
L4 4771 Short Breakout
L5 4730 Trgt 1
L6 4689 Trgt 2
Bank Nifty(Sep Fut)-Levels & Trading Strategy for 29-08-2011
Bank Nifty(Sep Fut)-Levels
R3 9686
R2 9470
R1 9337
Avg 9121
S1 8988
S2 8772
S3 8639
Bank Nifty(Sep Fut)-Trading Strategy
H6 9564 Trgt 2
H5 9480 Trgt 1
H4 9395 Long breakout
H3 9299 Go Short
H2 9267
H1 9235
L1 9172
L2 9140
L3 9108 Long
L4 9012 Short Breakout
L5 8927 Trgt 1
L6 8843 Trgt 2
R3 9686
R2 9470
R1 9337
Avg 9121
S1 8988
S2 8772
S3 8639
Bank Nifty(Sep Fut)-Trading Strategy
H6 9564 Trgt 2
H5 9480 Trgt 1
H4 9395 Long breakout
H3 9299 Go Short
H2 9267
H1 9235
L1 9172
L2 9140
L3 9108 Long
L4 9012 Short Breakout
L5 8927 Trgt 1
L6 8843 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Aug 29 to Sep 02,2011)
Nifty Spot-Weekly Levels
R3 5148
R2 5057
R1 4902
Avg 4811
S1 4656
S2 4565
S3 4410
Nifty Spot-Weekly Trading Strategy
H6 4994 Trgt 2
H5 4938 Trgt 1
H4 4882 Long breakout
H3 4814 Go Short
H2 4792
H1 4769
L1 4724
L2 4701
L3 4679 Long
L4 4611 Short Breakout
L5 4555 Trgt 1
L6 4499 Trgt 2
R3 5148
R2 5057
R1 4902
Avg 4811
S1 4656
S2 4565
S3 4410
Nifty Spot-Weekly Trading Strategy
H6 4994 Trgt 2
H5 4938 Trgt 1
H4 4882 Long breakout
H3 4814 Go Short
H2 4792
H1 4769
L1 4724
L2 4701
L3 4679 Long
L4 4611 Short Breakout
L5 4555 Trgt 1
L6 4499 Trgt 2
Pre-Closing Outlook(26-08-2011)
When Nifty was trading near 4800 then following lines were told in Mid-session Outlook today:-
As intraday selling also seen at higher levels today therefore slipping and sustaining below 4800 possibility is high now.
Nifty slipped and formed bottom at 4720 today and Nifty is trading at 4750 st this moment but Pull Back rally temination confirmation below 4800 therefore more lower levels are expected now.
As intraday selling also seen at higher levels today therefore slipping and sustaining below 4800 possibility is high now.
Nifty slipped and formed bottom at 4720 today and Nifty is trading at 4750 st this moment but Pull Back rally temination confirmation below 4800 therefore more lower levels are expected now.
Mid-session Outlook(26-08-2011)
Indian markets tumbled after the weak opening of European markets. European markets present trading positions are as follows:-
Germany 30 5464.00 -2.15%
UK 100 5093.00 5131.10 -0.74%
France 40 3090.50 -0.91%
Nifty is trading near 4800 for the last 45 minutes. As intraday selling also seen at higher levels today therefore slipping and sustaining below 4800 possibility is high now.
Germany 30 5464.00 -2.15%
UK 100 5093.00 5131.10 -0.74%
France 40 3090.50 -0.91%
Nifty is trading near 4800 for the last 45 minutes. As intraday selling also seen at higher levels today therefore slipping and sustaining below 4800 possibility is high now.
Post-open Outlook-2(26-08-2011)
Although Indian markets closed 1% down yesterday but bearish views were not posted and following lines were told yesterday in Nifty-Micro Analysis of Intra Day Chart For 26-08-2011
Although Indian markets slipped from higher levels and trading at lower levels but intraday trading patterns are not suggesting pure selling today and consolidation patterns are also seen in today intraday chart.
consolidation patterns were told for yesterday and Nifty is 25 points up and Sensex was 90 points up within first 45 minutes today.
Only following line was told again and again for watching:-
watch last 5 seesions support range(4798-4850)
Nifty is trading above 4850 and sustaining above it today will be confirmation of beginning of pull back rally after higher bottom formation therefore just watch it first of all.
Although Indian markets slipped from higher levels and trading at lower levels but intraday trading patterns are not suggesting pure selling today and consolidation patterns are also seen in today intraday chart.
consolidation patterns were told for yesterday and Nifty is 25 points up and Sensex was 90 points up within first 45 minutes today.
Only following line was told again and again for watching:-
watch last 5 seesions support range(4798-4850)
Nifty is trading above 4850 and sustaining above it today will be confirmation of beginning of pull back rally after higher bottom formation therefore just watch it first of all.
Post-open Outlook(26-08-2011)
Indian markets completely ignored Global cues today and firstly traded positive. Today market will reply this question that 5 sessions before started rally is surviving or not. As yesterday intra day patterns did not suggesting selling despite 1% down market and today today outperforming global markets are suggesting to watch last 5 seesions support range(4798-4850) and its survival will decide that:-
1- Deep down below 4798 or
2- Continuation of rally after formation of higher(or double) bottom above 4850.
Hopes of Pull Back Rally survival are completely alive after watching today opening and and first 25 minutes trading.
1- Deep down below 4798 or
2- Continuation of rally after formation of higher(or double) bottom above 4850.
Hopes of Pull Back Rally survival are completely alive after watching today opening and and first 25 minutes trading.
Pre-open Outlook(26-08-2011)
Although US markets closed more than 1.5% down yesterday but Asian markets are trading with marginal loss and are from .10% to.75% down. Sentiment is moderately weak and Indian markets will open little down and will trade between last 5 seesions support range(4798-4850)
Nifty traded last half hour between last 5 seesions support range(4798-4850) yesterday and coming session will decide that this support is surviving or not. Breaking out of 4798-4850 should be watched first of all for next moves and survival of Pull Back Rally confirmations.
Nifty traded last half hour between last 5 seesions support range(4798-4850) yesterday and coming session will decide that this support is surviving or not. Breaking out of 4798-4850 should be watched first of all for next moves and survival of Pull Back Rally confirmations.
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