Range bound quiet market and sustaining beyond 5180-5241 will be next moves confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
More Down moves possibility is still alive
Nifty-Micro Analysis of Intra Day Chart For 25-04-2012
Nifty-Intra Day Chart (24-Apr-2012):-
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| Just click on chart for its enlarged view |
1- More rhan 4 hours trading between 5208-5232 with selling indications
2- Whole day trading between 5181-5232
Conclusions from intra day chart analysis
Although Indian markets closed positive and today Candle is also Bullish Hammer but more rhan 4 hours trading with intraday selling indications today therefore down moves possibility is alive for tomorrow.
US markets are trading with good gains after European markets strong closing therefore intraday volatility and some up moves may be seen but expected that finally Nifty will not sustain above 5232 and more down moves possibility is still alive as well as slipping below 5200 is possible.
FII & DII trading activity in Capital Market Segment on 24-Apr-2012
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Indian Stock Markets Closing Reports(24-Apr-2012)
Main features of today trading are as follows
1- Benckmark Indices closed in Green while Midcap and Smallcap posted Red closing.
2- Bullish Hammer Candle Formation.
3- Quiet market excet good gains in IT stockd and Indices.
Ratios
Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(24-Apr-2012): 18.34
Advances & Declines
BSE Advances : 1304
BSE Declines : 1438
NSE Advances : 638
NSE Declines : 780
Nifty Open Interest Changed Today
Nifty- 5100 CE(Apr)- -19200(-3.320%)
Nifty- 5100 PE(Apr)- -337000(-4.97%)
Nifty- 5200 CE(Apr)- +305800(+7.78%)
Nifty- 5200 PE(Apr)- +1267300(+19.59%)
Nifty- 5300 CE(Apr)- +168450(+2.93%)
Nifty- 5300 PE(Apr)- -182250(-5.58%)
Closing
Nifty- closed at 5,222.65(+22.05 Points & +0.42%)
Sensex- closed at 17,207.29(+110.61 Points & +0.65% )
CNX Midcap - closed at 7,490.10(-19.00 Points & -0.25%)
BSE Smallcap- closed at 6,789.81(-4.75 Points & -0.07%)
1- Benckmark Indices closed in Green while Midcap and Smallcap posted Red closing.
2- Bullish Hammer Candle Formation.
3- Quiet market excet good gains in IT stockd and Indices.
Ratios
Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(24-Apr-2012): 18.34
Advances & Declines
BSE Advances : 1304
BSE Declines : 1438
NSE Advances : 638
NSE Declines : 780
Nifty Open Interest Changed Today
Nifty- 5100 CE(Apr)- -19200(-3.320%)
Nifty- 5100 PE(Apr)- -337000(-4.97%)
Nifty- 5200 CE(Apr)- +305800(+7.78%)
Nifty- 5200 PE(Apr)- +1267300(+19.59%)
Nifty- 5300 CE(Apr)- +168450(+2.93%)
Nifty- 5300 PE(Apr)- -182250(-5.58%)
Closing
Nifty- closed at 5,222.65(+22.05 Points & +0.42%)
Sensex- closed at 17,207.29(+110.61 Points & +0.65% )
CNX Midcap - closed at 7,490.10(-19.00 Points & -0.25%)
BSE Smallcap- closed at 6,789.81(-4.75 Points & -0.07%)
Nifty Spot-Levels & Trading Strategy for 25-04-2012
Nifty Spot-Levels
R3 5294
R2 5263
R1 5242
PIVOT 5211
S1 5190
S2 5159
S3 5138
Nifty Spot-Trading Strategy
H6 5274 Trgt 2
H5 5262 Trgt 1
H4 5250 Long breakout
H3 5236 Go Short
H2 5231
H1 5226
L1 5217
L2 5212
L3 5207 Long
L4 5193 Short Breakout
L5 5181 Trgt 1
L6 5169 Trgt 2
R3 5294
R2 5263
R1 5242
PIVOT 5211
S1 5190
S2 5159
S3 5138
Nifty Spot-Trading Strategy
H6 5274 Trgt 2
H5 5262 Trgt 1
H4 5250 Long breakout
H3 5236 Go Short
H2 5231
H1 5226
L1 5217
L2 5212
L3 5207 Long
L4 5193 Short Breakout
L5 5181 Trgt 1
L6 5169 Trgt 2
Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2012
Nifty(Apr Fut)-Levels
R3 5298
R2 5268
R1 5246
PIVOT 5216
S1 5194
S2 5164
S3 5142
Nifty(Apr Fut)-Trading Strategy
H6 5276 Trgt 2
H5 5264 Trgt 1
H4 5252 Long breakout
H3 5238 Go Short
H2 5233
H1 5228
L1 5219
L2 5214
L3 5209 Long
L4 5195 Short Breakout
L5 5183 Trgt 1
L6 5171 Trgt 2
R3 5298
R2 5268
R1 5246
PIVOT 5216
S1 5194
S2 5164
S3 5142
Nifty(Apr Fut)-Trading Strategy
H6 5276 Trgt 2
H5 5264 Trgt 1
H4 5252 Long breakout
H3 5238 Go Short
H2 5233
H1 5228
L1 5219
L2 5214
L3 5209 Long
L4 5195 Short Breakout
L5 5183 Trgt 1
L6 5171 Trgt 2
Bank Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2012
Bank Nifty(Apr Fut)-Levels
R3 10561
R2 10465
R1 10354
PIVOT 10258
S1 10147
S2 10051
S3 9940
Bank Nifty(Apr Fut)-Trading Strategy
H6 10451 Trgt 2
H5 10404 Trgt 1
H4 10356 Long breakout
H3 10299 Go Short
H2 10280
H1 10261
L1 10224
L2 10205
L3 10186 Long
L4 10129 Short Breakout
L5 10081 Trgt 1
L6 10034 Trgt 2
R3 10561
R2 10465
R1 10354
PIVOT 10258
S1 10147
S2 10051
S3 9940
Bank Nifty(Apr Fut)-Trading Strategy
H6 10451 Trgt 2
H5 10404 Trgt 1
H4 10356 Long breakout
H3 10299 Go Short
H2 10280
H1 10261
L1 10224
L2 10205
L3 10186 Long
L4 10129 Short Breakout
L5 10081 Trgt 1
L6 10034 Trgt 2
Mid-session Outlook(24-04-2012)
Following possibility was clearly told today in Pull Back Rally,Intraday Volatilty & Correction continuation
Intraday indicatiors are oversold after yesterday sharp fall therefore Pull Back rally and intraday volatility is possible today.
Above mentioned moves are being seen today but correction is on and market require complete consolidation for trend reversal and let it happen then decisive up move will be considered.
Intraday indicatiors are oversold after yesterday sharp fall therefore Pull Back rally and intraday volatility is possible today.
Above mentioned moves are being seen today but correction is on and market require complete consolidation for trend reversal and let it happen then decisive up move will be considered.
Post-open Outlook-2(24-04-2012)
Market is preparing for next moves within range bound sideways market today. Firstly slipping after higher levels selling but intraday support also seen at lower levels.
Sustaining beyond following range will be firstly watched for next moves first indication:-
5182-5212
Sustaining beyond following range will be firstly watched for next moves first indication:-
5182-5212
Pull Back Rally,Intraday Volatilty & Correction continuation
Nifty-Intra Day Chart (23-Apr-2012):-
Technical Patterns and Formations in today intraday charts
1- More than 2 hours selling between 5288-5310
2- Continuous down moves
3- More down moves after minor up moves.
4- Whole day trading between 5188-5310
All the Benchmark Indices closed more than 1.50% down on 23-04-2012 and proved our following following projections 100% accurate:-
1- We told in Pre-Closing Outlook on 20-04-2012:-
"more down moves are expected now."
2- We told in Correction continuation & Supports Testing in Next Week at 05:45:00 AM on 23-04-2012;-
"more down moves are expected in the coming sessions"
"more down moves as well as testing of above mentioned next supports are possible in the coming week"
(1st support at 5184 was given in above outlook and lowest was at 5187.15 on 23-04-2012)
3- We told in Mid-session Outlook on 23-04-2012:-
"more down moves can not be ruled out"
Correction is very much on from 22-02-2012 and its detailed analysis and next possibilities have already been updated yesterday with EOD chart. Yesterday mentioned 1st support(5184) has almost been tested yesterday. As 2nd Support(5136) testing possibility can not been ruled out also and 200-Day SMA is lying today at 5137 therefore importance of this level has already been updated in following topic today. Just click following topic link and understand understand most crucial levels;-
Next Trend decider & Most Crucial 200-Day SMA
Intraday indicatiors are oversold after yesterday sharp fall therefore Pull Back rally and intraday volatility is possible today. Market require complete consolidations and base formations before the beginning of any decisive up move and rally,let it happen then fresh up moves after correction completion will be considered.
Strong resistances above 5288 and next supports are between 5136 and 5184. Expected that next trend story will be written between 5136-5288 and volatile market with next moves preparation within this range will be seen in the coming sessions.
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| Just click on chart for its enlarged view |
1- More than 2 hours selling between 5288-5310
2- Continuous down moves
3- More down moves after minor up moves.
4- Whole day trading between 5188-5310
Conclusions from intra day chart analysis
All the Benchmark Indices closed more than 1.50% down on 23-04-2012 and proved our following following projections 100% accurate:-
1- We told in Pre-Closing Outlook on 20-04-2012:-
"more down moves are expected now."
2- We told in Correction continuation & Supports Testing in Next Week at 05:45:00 AM on 23-04-2012;-
"more down moves are expected in the coming sessions"
"more down moves as well as testing of above mentioned next supports are possible in the coming week"
(1st support at 5184 was given in above outlook and lowest was at 5187.15 on 23-04-2012)
3- We told in Mid-session Outlook on 23-04-2012:-
"more down moves can not be ruled out"
Correction is very much on from 22-02-2012 and its detailed analysis and next possibilities have already been updated yesterday with EOD chart. Yesterday mentioned 1st support(5184) has almost been tested yesterday. As 2nd Support(5136) testing possibility can not been ruled out also and 200-Day SMA is lying today at 5137 therefore importance of this level has already been updated in following topic today. Just click following topic link and understand understand most crucial levels;-
Next Trend decider & Most Crucial 200-Day SMA
Intraday indicatiors are oversold after yesterday sharp fall therefore Pull Back rally and intraday volatility is possible today. Market require complete consolidations and base formations before the beginning of any decisive up move and rally,let it happen then fresh up moves after correction completion will be considered.
Strong resistances above 5288 and next supports are between 5136 and 5184. Expected that next trend story will be written between 5136-5288 and volatile market with next moves preparation within this range will be seen in the coming sessions.
Next Trend decider & Most Crucial 200-Day SMA
Technical Analysis and Research For 24-04-2012
Nifty-EOD Chart (23-Apr-2012):-
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| Just click on chart for its enlarged view |
1- Corrective wave begun on 05-11-2010 from 6338.
2- Long term correction confirmation after 200-Day SMA broken down.
3- Three times resistance at 200-Day SMA in correction.
4- 5th impulsive wave begun on 20-12-2011 from 4532.
5- Long term correction completion confirmation after 200-Day SMA broken out.
6- 5th wave gained 1098.80 Nifty Points in 45 sessions.
7- Correction of 5th Wave beginning on 22-02-2012 from 5629.
8- Two times support at 200-Day SMA in on going correction.
Conclusions from EOD chart analysis
200-Day SMA proved Long term Trend decider and posed resistance in Bear market as well gave supports in Bull markets. Correction is on and yesterday mentioned 1st support(5184) has almost been tested yesterday as well as 2nd support(5136) testing possibility can not been ruled out also. As Long term trend decider 200-Day SMA is also lying today at 5137 therefore following levels have become most crucial;-
1- 5136
2- 5137
As 200-Day SMA is most crucial now therefore specially this topic has been posted to update its importance. Correction is very much on and its testing as well as slipping below it also can not be ruled out in the coming sessions but until Nifty will not sustain below 200-Day SMA till then Bullish market possibility will remain alive after correction completion.
Expected that finally Indian markets will remain Bullish without sustaining below 200-Day SMA.
FII & DII trading activity in Capital Market Segment on 23-Apr-2012
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Indian Stock Markets Closing Reports(23-Apr-2012)
Main features of today trading are as follows
1- All the Indices closed in Red.
2- Black Candle.
3- Closing at the lowest of the day.
Ratios
Nifty Put Call Ratio: 1.11
Nifty P/E Ratio(23-Apr-2012): 18.26
Advances & Declines
BSE Advances : 964
BSE Declines : 1841
NSE Advances : 330
NSE Declines : 1116
Nifty Open Interest Changed Today
Nifty- 5000 CE(Apr)- -55900(-11.55%)
Nifty- 5000 PE(Apr)- +692950(+11.63%)
Nifty- 5100 CE(Apr)- +266400(+85.26%)
Nifty- 5100 PE(Apr)- +238700(+3.65%)
Nifty- 5200 CE(Apr)- +1619300(+70.08%)
Nifty- 5200 PE(Apr)- -490900(-7.05%)
Nifty- 5300 CE(Apr)- +1571300(+37.66%)
Nifty- 5300 PE(Apr)- -1003450(-23.49%)
Closing
Nifty- closed at 5,200.60(-90.25 Points & -1.71%)
Sensex- closed at 17,096.68(-277.16 Points & -1.60% )
CNX Midcap - closed at 7,509.10(-117.30 Points & -1.54%)
BSE Smallcap- closed at 6,794.56(-106.02 Points & -1.54%)
1- All the Indices closed in Red.
2- Black Candle.
3- Closing at the lowest of the day.
Ratios
Nifty Put Call Ratio: 1.11
Nifty P/E Ratio(23-Apr-2012): 18.26
Advances & Declines
BSE Advances : 964
BSE Declines : 1841
NSE Advances : 330
NSE Declines : 1116
Nifty Open Interest Changed Today
Nifty- 5000 CE(Apr)- -55900(-11.55%)
Nifty- 5000 PE(Apr)- +692950(+11.63%)
Nifty- 5100 CE(Apr)- +266400(+85.26%)
Nifty- 5100 PE(Apr)- +238700(+3.65%)
Nifty- 5200 CE(Apr)- +1619300(+70.08%)
Nifty- 5200 PE(Apr)- -490900(-7.05%)
Nifty- 5300 CE(Apr)- +1571300(+37.66%)
Nifty- 5300 PE(Apr)- -1003450(-23.49%)
Closing
Nifty- closed at 5,200.60(-90.25 Points & -1.71%)
Sensex- closed at 17,096.68(-277.16 Points & -1.60% )
CNX Midcap - closed at 7,509.10(-117.30 Points & -1.54%)
BSE Smallcap- closed at 6,794.56(-106.02 Points & -1.54%)
Nifty Spot-Levels & Trading Strategy for 24-04-2012
Nifty Spot-Levels
R3 5400
R2 5355
R1 5277
Avg 5232
S1 5154
S2 5109
S3 5031
Nifty Spot-Trading Strategy
H6 5323 Trgt 2
H5 5295 Trgt 1
H4 5267 Long breakout
H3 5233 Go Short
H2 5222
H1 5211
L1 5188
L2 5177
L3 5166 Long
L4 5132 Short Breakout
L5 5104 Trgt 1
L6 5076 Trgt 2
R3 5400
R2 5355
R1 5277
Avg 5232
S1 5154
S2 5109
S3 5031
Nifty Spot-Trading Strategy
H6 5323 Trgt 2
H5 5295 Trgt 1
H4 5267 Long breakout
H3 5233 Go Short
H2 5222
H1 5211
L1 5188
L2 5177
L3 5166 Long
L4 5132 Short Breakout
L5 5104 Trgt 1
L6 5076 Trgt 2
Nifty(Apr Fut)-Levels & Trading Strategy for 24-04-2012
Nifty(Apr Fut)-Levels
R3 5412
R2 5363
R1 5280
Avg 5231
S1 5148
S2 5099
S3 5016
Nifty(Apr Fut)-Trading Strategy
H6 5330 Trgt 2
H5 5300 Trgt 1
H4 5270 Long breakout
H3 5234 Go Short
H2 5222
H1 5210
L1 5185
L2 5173
L3 5161 Long
L4 5125 Short Breakout
L5 5095 Trgt 1
L6 5065 Trgt 2
R3 5412
R2 5363
R1 5280
Avg 5231
S1 5148
S2 5099
S3 5016
Nifty(Apr Fut)-Trading Strategy
H6 5330 Trgt 2
H5 5300 Trgt 1
H4 5270 Long breakout
H3 5234 Go Short
H2 5222
H1 5210
L1 5185
L2 5173
L3 5161 Long
L4 5125 Short Breakout
L5 5095 Trgt 1
L6 5065 Trgt 2
Bank Nifty(Apr Fut)-Levels & Trading Strategy for 24-04-2012
Bank Nifty(Apr Fut)-Levels
R3 10764
R2 10648
R1 10442
Avg 10326
S1 10120
S2 10004
S3 9798
Bank Nifty(Apr Fut)-Trading Strategy
H6 10559 Trgt 2
H5 10486 Trgt 1
H4 10414 Long breakout
H3 10325 Go Short
H2 10296
H1 10266
L1 10207
L2 10177
L3 10148 Long
L4 10059 Short Breakout
L5 9987 Trgt 1
L6 9914 Trgt 2
R3 10764
R2 10648
R1 10442
Avg 10326
S1 10120
S2 10004
S3 9798
Bank Nifty(Apr Fut)-Trading Strategy
H6 10559 Trgt 2
H5 10486 Trgt 1
H4 10414 Long breakout
H3 10325 Go Short
H2 10296
H1 10266
L1 10207
L2 10177
L3 10148 Long
L4 10059 Short Breakout
L5 9987 Trgt 1
L6 9914 Trgt 2
Live Proofs of our Accuracy
Following lines were told in Correction continuation & Supports Testing in Next Week at 05:45:00 AM today;-
Following 2 supports were also mentioned:-
4- 1st Support at 5184
5- 2nd Support at 5136
more down moves as well as testing of above mentioned next supports are possible in the coming week.
Following 2 supports were also mentioned:-
4- 1st Support at 5184
5- 2nd Support at 5136
Above mentioned 1st support of 5184 has been almost tested today because today lowest is at 5187.15.
Pre-Closing Outlook(23-04-2012)
Our both previous outlooks are live proofs of this fact that We only told for down moves and correction continuations for today as well as cautioned also for minor up moves possibility only because people starts to buy at lower and cheaper rates.
Correction is on and following 2 supports with its testing possibility have already been updated in Correction continuation & Supports Testing in Next Week at 05:45:00 AM today;-
4- 1st Support at 5184
5- 2nd Support at 5136
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