Nifty Spot-Levels & Trading Strategy for 11-04-2012

Nifty Spot-Levels

R3 5305
R2 5280
R1 5261
Avg 5236
S1 5217
S2 5192
S3 5173

Nifty Spot-Trading Strategy

H6 5287     Trgt 2
H5 5277     Trgt 1
H4 5267     Long breakout
H3 5255     Go Short
H2 5251
H1 5247
L1 5238
L2 5234
L3 5230     Long
L4 5218     Short Breakout
L5 5208     Trgt 1
L6 5198     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 11-04-2012

Nifty(Apr Fut)-Levels

R3 5337
R2 5307
R1 5286
Avg 5256
S1 5235
S2 5205
S3 5184

Nifty(Apr Fut)-Trading Strategy

H6 5317     Trgt 2
H5 5305     Trgt 1
H4 5294     Long breakout
H3 5280     Go Short
H2 5275
H1 5270
L1 5261
L2 5256
L3 5251     Long
L4 5237     Short Breakout
L5 5226     Trgt 1
L6 5214     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 11-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10457
R2 10353
R1 10294
Avg 10190
S1 10131
S2 10027
S3 9968

Bank Nifty(Apr Fut)-Trading Strategy

H6 10400     Trgt 2
H5 10362     Trgt 1
H4 10324     Long breakout
H3 10279     Go Short
H2 10264
H1 10249
L1 10220
L2 10205
L3 10190     Long
L4 10145     Short Breakout
L5 10107     Trgt 1
L6 10069     Trgt 2

Pre-Closing Outlook(10-04-2012)

Sideways 43 Nifty points market within 5212-5255 with higher levels selling and lower levels supports today. Although recovery seen from lower levels after intraday supports today but more than 4 hours trading range(5245-5263) of yesterday has been broken down today and until Nifty will not sustain above 5263 till then next up move will not be considered.

Intraday supports at lower levels today but correction is on and its completion confirmation is required yet. Sustaining beyond following 2 ranges should be firstly watched for next decisive big moves first indications and confirmations:-

1- 5212-5255
2- 5175-5263

Mid-session Outlook(10-04-2012)

43 Points sideways market between 5212-5255 with minor selling patterns at higher levels as well as support also at lower levels. Although most of the time negative zone trading but support at lower levels also.

Nifty is trading between 5175-5236(strong supports) today and sustaining beyond this range may decide the the fate of on going correction through big moves beyond this range.

Although up moves possibilities turning higher after supports at lower levels but for confirmations sustaining beyond above mentioned both ranges(5175-5255) should be firstly watched for next moves first strong indication.

Post-open Outlook-2(10-04-2012)

Importance of 5245 has already been updated in Post-open Outlook today and Nifty is hovering it around for the last half hour. Sustaining beyond 5245 should be firstly watched for next decisive moves confirmations.

Post-open Outlook(10-04-2012)

Correction is on within 'Falling Channel' as well as correction pattern is 'Bullish flag' formation therefore expected that finally sharp surge will be seen after upward break out of 'Falling channel'.

Next supports are as follows:-

1- 5175-5236(strong supports)
2- 5136-5160

Nifty is trading between 5175-5236(strong supports) and sustaining below 5175 will mean high possibility of next support(5136) breaking down.

Nifty traded more than 4 hours between 5245-5363 yesterday and this range was broken down yesterday also as well as again trading below it since opening today. As sustaining below 5245 will be strong indication of 5175-5236(strong supports) breaking down therefore should be firstly watched today.

Blog will be updated after 10AM today

FII Trading Data in Derivatives Segment on 09-Apr-2012

FII & DII trading activity in Capital Market Segment on 09-Apr-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 09-Apr-2012 1075.5 1344.93 -269.43

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 09-Apr-2012 586.69 692.51 -105.82

Indian Stock Markets Closing Reports(09-Apr-2012)

Main features of today trading are as follows

1- Long Black candle formation.
2- All the Indices closed in Red except HC.
3- Most Indices closed near day's lowest.

Ratios

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(09-Apr-2012): 18.50

Advances & Declines

BSE Advances : 1151
BSE Declines : 1667
NSE Advances :  472
NSE Declines :  986

Nifty Open Interest Changed Today

Nifty- 5100 CE(Apr)- +71050(+8.21%)
Nifty- 5100 PE(Apr)- +5037700(+200%)

Nifty- 5200 CE(Apr)- +427400(+28.13%)
Nifty- 5200 PE(Apr)- -470800(-8.13%)

Nifty- 5300 CE(Apr)- +637350(+25.68%)
Nifty- 5300 PE(Apr)- -351150(-9.19%)

Nifty- 5400 CE(Apr)- +774150(+20.03%)
Nifty- 5400 PE(Apr)- -176000(-9.55%)

Closing 

Nifty- closed at 5,234.40(-88.50 Points & -1.66%)
Sensex- closed at 17,222.14(-263.88 Points & -1.51%)
CNX Midcap - closed at 7,671.90(-138.25 Points & -1.77%)
BSE Smallcap- closed at 6,800.56(-44.34 Points & -0.65%)

Nifty Spot-Levels & Trading Strategy for 10-04-2012

Nifty Spot-Levels

R3 5330
R2 5308
R1 5271
Avg 5249
S1 5212
S2 5190
S3 5153

Nifty Spot-Trading Strategy

H6 5293     Trgt 2
H5 5279     Trgt 1
H4 5266     Long breakout
H3 5250     Go Short
H2 5244
H1 5239
L1 5228
L2 5223
L3 5217     Long
L4 5201     Short Breakout
L5 5188     Trgt 1
L6 5174     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 10-04-2012

Nifty(Apr Fut)-Levels

R3 5343
R2 5322
R1 5287
Avg 5266
S1 5231
S2 5210
S3 5175

Nifty(Apr Fut)-Trading Strategy

H6 5309     Trgt 2
H5 5296     Trgt 1
H4 5283     Long breakout
H3 5268     Go Short
H2 5263
H1 5258
L1 5247
L2 5242
L3 5237     Long
L4 5222     Short Breakout
L5 5209     Trgt 1
L6 5196     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 10-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10485
R2 10413
R1 10285
Avg 10213
S1 10085
S2 10013
S3 9885

Bank Nifty(Apr Fut)-Trading Strategy

H6 10358     Trgt 2
H5 10313     Trgt 1
H4 10268     Long breakout
H3 10213     Go Short
H2 10194
H1 10176
L1 10139
L2 10121
L3 10103     Long
L4 10048     Short Breakout
L5 10002     Trgt 1
L6 9957     Trgt 2

Pre-Closing Outlook(09-04-2012)

Correction is on and Nifty traded  most of the time between 5245-5363 as well as hovered it around and finally going to closed below it today. Technical positions,importance of mentioned range and implications of its sustaining  beyond has already been updated in previous outlook and that will be seen in the coming sessions.

Mid-session Outlook-2 (09-04-2012)

Firstly almost 4 hours trading between 5245-5363 and after that breaking down as well as breaking out of this range. Market is positions just above next and strong support range(5175-5236) within 5245-5363 and finally sustaining beyond this range will give next decisive moves following strong indication:-

1- Sustaining above 5363 will be first and strong indication of on going correction completion.
2- Sustaining below 5245 will mean testing possibility of last support range of previous rally(5136-5160)

Mid-session Outlook(09-04-2012)

Although market closed positive on 03-04-2012 but we told weakness in Firstly Very Short Term Down Moves as well as told following lines on 03-04-2012 at 06:59:00 PM  

1- As good selling seen at higher levels therefore expected that Nifty will firstly slip below today lower levels

2- Until complete consolidation patterns will not develop till then Nifty will not sustain above 5377 and minimum very short term down moves are firstly expected in the coming sessions.

Correction is on Nifty is trading between 5245-5363 for the last 3 hours after weak opening,strong supports below this range between 5175-5236. As patterns within this range have not given any decisive signals yet therefore firstly break out of this range will be watched for next moves first indication.

Pre-open Outlook(09-04-2012)

US and European futures are more than 1% down and most Asian markets are trading near about 1% negative today morning. Sentiment is dampened therefore weak opening will be seen in Indian markets. Next supports are as follows:-

1- 5175-5236(strong supports)
2- 5136-5160

Next Resistances are as follows:-

1- 5326-5337
2- 5360-5377(strong resistance)

Nifty will firstly trade between 5236-5326 today and prepare for next immediate moves. Finally sustaining beyond 5136-5377 will be next decisive trend confirmations and expected that Nifty will remain sideways within mentioned range(5136-5377) in the coming sessions.

Bullish 'Flag Pattern' Formation in EOD Chart

Technical Analysis,Research & Weekly Outlook

(Apr 9 to Apr13,2012)

Nifty-EOD Chart(04-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts


1- 4531.15 on 20-12-2011(Rally bottom)
2- Wave-1 top at 5629.95 on 22-02-2012(Rally top)
3- Corrective Wave-2 bottom at 5135.95 on 29-03-2012(Correction bottom got support just below 200 Day SMA)
4- Wave-3 beginning from 30-03-2012 but its confirmation is required
5- Bullish 'Flag Pattern' Formation after 22-02-2012 correction

Conclusions from EOD chart analysis 

Wave-2 correction is on from 22-02-2012 in falling Channel(Bullish 'Flag Pattern') Formation which got support at  5135.95 on 29-03-2012. Wave-3 is on but but its confirmation is required through sustaining above 5400 but Nifty faced resistance(5377) at the Upper Falling Trend line of Falling Channel on 03-04-2012 and down moves seen on 04-04-2012 after gap down opening.

Long and short term trends are up and Intermediate term trend is sideways for the last 27 sessions within Flag Pattern and will be up above 5400.Bullish 'Flag Pattern' Formation in EOD Chart therefore finally Dec 2011 like strong rally will be seen after Nifty sustaining above Upper Falling Trend line of Falling Channel as well as sustaining above 5400.

Higher levels good selling and lower levels supports within Falling Channel(Flag) therefore expected that Nifty will trade firstly trade between 5136-5377. Although finally rally above 5377 is expected but sustaining beyond mentioned range(5136-5377) will also be firstly watched for next immediate moves confirmations in the coming week.

Nifty Spot-Levels & Trading Strategy for 09-04-2012

Nifty Spot-Levels

R3 5371
R2 5354
R1 5338
Avg 5321
S1 5305
S2 5288
S3 5272

Nifty Spot-Trading Strategy

H6 5355     Trgt 2
H5 5347     Trgt 1
H4 5340     Long breakout
H3 5331     Go Short
H2 5328
H1 5325
L1 5318
L2 5315
L3 5312     Long
L4 5303     Short Breakout
L5 5296     Trgt 1
L6 5288     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 09-04-2012

Nifty(Apr Fut)-Levels

R3 5399
R2 5380
R1 5362
Avg 5343
S1 5325
S2 5306
S3 5288

Nifty(Apr Fut)-Trading Strategy

H6 5381     Trgt 2
H5 5372    Trgt 1
H4 5364     Long breakout
H3 5354     Go Short
H2 5350
H1 5347
L1 5340
L2 5337
L3 5333     Long
L4 5323     Short Breakout
L5 5315     Trgt 1
L6 5306     Trgt 2