Bank Nifty Spot-Weekly Levels & Trading Strategy(Apr 23 to Apr 27,2012)

Bank Nifty Spot-Weekly Levels

R3 11049
R2 10847
R1 10652
Avg 10450
S1 10255
S2 10053
S3 9858

Bank Nifty Spot-Weekly Trading Strategy 

H6 10862     Trgt 2
H5 10768     Trgt 1
H4 10675     Long breakout
H3 10566     Go Short
H2 10529
H1 10493
L1 10420
L2 10384
L3 10347     Long
L4 10238     Short Breakout
L5 10145     Trgt 1
L6 10051     Trgt 2

Pre-Closing Outlook(20-04-2012)

Although market crashed after 02:20 PM but as soon as selling signals emerged then it was immediately updated at 10:47:00 AM today and clearly following line was told:-

Selling signals seen today

Higher levels good selling seen today and more down moves are expected now.

Post-open Outlook(20-04-2012)

Selling signals seen today.

Next moves confirmation range 5312-5338

Post-open Outlook(20-04-2012)

Following 2 trading ranges in last more than 3 hours yesterday:-

1- Follow up consolidation and higher bottom support between 5312-5322
2- Mixed Patterns between 5325-5338.

Nifty traded last more than 3 hours yesterday between 5312-5338 with lower levels supports and higher levels mixed patterns and Nifty is trading as well as preparing for next decisive moves within this range.

Today 1st hour trading range is- 5314-5334

Today 1st hour trading range(5314-5334) break out will be first signal and last more than 3 hours of yesterday trading range(5312-5338) break out will be confirmation of next decisive moves and trend. 

Bullish rally fate in the hands of 5341

Nifty-EOD Chart (19-Apr-2012):-

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Technical Patterns and Formations in EOD charts

1- Break out of corrective falling Trend line and closing above it today.

Nifty-Intra Day Chart (19-Apr-2012):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 5292-5310 
2- Follow up consolidation and higher bottom support between 5312-5322
3- Mixed Patterns between 5325-5338 
4- Whole day trading between 5292-5310

Conclusions (After Putting All Studies Together) 

Following technical analysis are strong indications of Bullish market beginning:-

1- Break out of corrective falling Trend line and closing above it today.
2- Consolidation between 5292-5310 today is confirmations of 1st resistance(5275-5305) break out.
3- More strength through follow up consolidation and higher bottom support between 5312-5322

Technically Indian markets are well prepared for strong rally but mixed Patterns between 5325-5338 therefore some more consolidations are required to sustain above yesterday resistance(5330-5341) and fresh Bullish rally beginning confirmations are also must through sustaining above corrective falling Trend line.

Only sustaining beyond 5341 should be watched tomorrow because it will also decide the validity of corrective falling Trend line break out. 

FII Trading Data in Derivatives Segment on 19-Apr-2012

FII & DII trading activity in Capital Market Segment on 19-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 19-Apr-2012 1866.75 1969.21 -102.46

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 19-Apr-2012 936.84 835.84 101

Indian Stock Markets Closing Reports(19-Apr-2012)

Main features of today trading are as follows

1- Bullish Hammer with White Candle formations..
2- Closing near the highs of the day.
3- Benchmark Indices closed in Green but Midcap Indices closed in Red.

Ratios

Nifty Put Call Ratio: 1.05
Nifty P/E Ratio(19-Apr-2012): 18.72

Advances & Declines

BSE Advances : 1460
BSE Declines : 1401
NSE Advances :  722
NSE Declines :  713

Nifty Open Interest Changed Today

Nifty- 5200 CE(Apr)- -545550(-18.22%)
Nifty- 5200 PE(Apr)- +3100(+0.04%)

Nifty- 5300 CE(Apr)- -55350(-1.19%)
Nifty- 5300 PE(Apr)- +702400(+14.85%)

Nifty- 5400 CE(Apr)- -485900(-6.50%)
Nifty- 5400 PE(Apr)- +292350(+11.15%)

Closing 

Nifty- closed at 5,332.40(+32.40 Points & +0.61%)
Sensex- closed at 17,503.71(+111.32 Points & +0.64% )
CNX Midcap - closed at 7,697.65(-2.40 Points & -0.03%)
BSE Smallcap- closed at 6,932.83(+18.34 Points & +0.27%)

Nifty Spot-Levels & Trading Strategy for 20-04-2012

Levels

R3 5403
R2 5372
R1 5352
Avg 5321
S1 5301
S2 5270
S3 5250

Trading Strategy

H6 5383     Trgt 2
H5 5371     Trgt 1
H4 5360     Long breakout
H3 5346     Go Short
H2 5341
H1 5336
L1 5327
L2 5322
L3 5317     Long
L4 5303     Short Breakout
L5 5292     Trgt 1
L6 5280     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 20-04-2012

Nifty(Apr Fut)-Levels

R3 5431
R2 5398
R1 5377
Avg 5344
S1 5323
S2 5290
S3 5269

Nifty(Apr Fut)-Trading Strategy

H6 5410     Trgt 2
H5 5398     Trgt 1
H4 5385     Long breakout
H3 5370     Go Short
H2 5365
H1 5360
L1 5351
L2 5346
L3 5341    Long
L4 5326     Short Breakout
L5 5313     Trgt 1
L6 5301     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 20-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10850
R2 10744
R1 10678
Avg 10572
S1 10506
S2 10400
S3 10334

Bank Nifty(Apr Fut)-Trading Strategy

H6 10786     Trgt 2
H5 10746     Trgt 1
H4 10706     Long breakout
H3 10659     Go Short
H2 10643
H1 10627
L1 10596
L2 10580
L3 10564     Long
L4 10517     Short Breakout
L5 10477     Trgt 1
L6 10437     Trgt 2

All the Mid-session Outlooks of today are live proofs of supports/consolidations projections and Indian markets closed at the highest of the day today.

Pre-Closing Outlook(19-04-2012)

Confirmations through sustaining above 5341 was told in all the outlooks and Nifty retraced after forming top at 5338.50. yesterday selling 5330-5341 and also more than 1 hour trading between 5325-5338 but it was broken down also.

Clear supports at lower levels and higher bottom as well as support and consolidation also seen between between 311-5325.

Sustaining above 5341 has to be watched now and its possibility has turned brighter also after lower levels support and consolidations.

Mid-session Outlook-4(19-04-2012)

Nifty is hovering around 5330-5341(yesterday resistance) for the last 1 hour and sustaining it beyond should be firstly watched now because it will give most crucial falling trend line break out confirmations. 

Mid-session Outlook-3(19-04-2012)

Yesterday resistance of 5330-5341 has been tested today and Nifty is hovering it around for the last 45 minutes. Only sustaining above 5341 has to be watched now and its possibility has turned brighter also after lower levels support and consolidations.

Mid-session Outlook-2(19-04-2012)

As intraday support at lower levels today therefore up moves confirmations crucial levels are being firstly given:-

1- Sustaining above 5305(Top of 1st resistance of 5275-5305)
2- Sustaining above 5312( 1st 2 hours today trading range top)
3- sustaining above 5341( Top of yesterday resistance  5330-5341)

Follow up consolidations is required after intraday supports at lower levels today and intraday patterns upto this moment are showing consolidations.

Mid-session Outlook(19-04-2012)

Two hours quiet market between 5292-5312 and no clear intraday patterns formations yet. Minor support at lower levels seen and Nifty moved above 5312 also but lot of consolidations is required to sustain above yesterday selling range. if Nifty sustains above 5312 then firstly  it will be a small up move indication only at this moment. 

Sideways Market within Crucial Supports & Resistances

Nifty-Intra Day Chart (18-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5330-5341
2- Last 2 hours down moves in falling channel.
3- Whole day trading between 5294-5342

Conclusions from intra day chart analysis 

Although US markets were blasting yesterday but Following precautionary line was clearly posted yesterday in Rally after sustaining above 5305:-

"technically rally beginning confirmations are must through sustaining above minimum above 1st Resistance and that is at 5305"

Firstly we cautioned yesterday through above line and again told today for intraday higher levels selling in both the Mid-session Outlooks. Higher levels selling confirmations was also updated well before the beginning of down moves at 01:03:00 PM.

Confirm selling at higher levels today but last 2 hours down moves in falling channel therefore sustaining below today lowest will be first down moves indication and sustaining below 5275(lower level of 1st Resistance 5275-5305) will be more and sharp down moves confirmations.

As firstly next moves confirmations will be through sustaining beyond immediate supports and resistances therefore these are as follows:-

1- First support 5210-5255
2- First resistance 5275-5305
3- Second resistance 5330-5341

Shooting Star/Gravestone Doji Bearish Candle formation today with genuine selling at higher levels but whole day intraday patterns are showing consolidation indications as well as lower levels supports also therefore firstly trading between 5210-5341 in all types of sentiments tomorrow and next moves preparation within this range through follow up buying/selling.

Confirmations will be after sustaining beyond 5210-5341 and Nifty will trade within this range tomorrow. Breaking out direction will be decided through analysis of intraday charts patterns formations and will be updated in Mid-session Outlooks in the same manner as selling confirmation was updated today before the beginning of down moves.

FII Trading Data in Derivatives Segment on 18-Apr-2012

FII & DII trading activity in Capital Market Segment on 18-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 18-Apr-2012 2478 2256.37 221.63

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 18-Apr-2012 988.09 950.21 37.88

Indian Stock Markets Closing Reports(18-Apr-2012)

Main features of today trading are as follows

1- Shooting Star/Gravestone Doji Bearish Candle formation
2- Benchmark Indices closed in Green.
3- Almost all the Indices slipped and closed near the lower levels of the day.

Ratios

Nifty Put Call Ratio: 1.06
Nifty P/E Ratio(18-Apr-2012):18.67

Advances & Declines

BSE Advances : 1621
BSE Declines : 1271
NSE Advances :  836
NSE Declines :  613

Nifty Open Interest Changed Today

Nifty- 5200 CE(Apr)- -241300(-7.46%)
Nifty- 5200 PE(Apr)- +689050(+9.53%)

Nifty- 5300 CE(Apr)- -116150(-2.45%)
Nifty- 5300 PE(Apr)- +655150(+15.30%)

Nifty- 5400 CE(Apr)- +556800(+7.69%)
Nifty- 5400 PE(Apr)- +678700(+33.37%)

Closing 

Nifty- closed at 5,300.00(10.30 Points & +0.19%)
Sensex- closed at 17,392.39(+34.45 Points & +0.20% )
CNX Midcap - closed at 7,700.05(+28.05 Points & +0.37%)
BSE Smallcap- closed at 6,914.49(+34.13 Points & +0.50%)