Trading between 5185-5210 today and sustaining beyond this range will be 1st indication of next moves. Selling patterns seen at higher levels today but intraday support with nigher bottom also seen therefore sustaining beyond above mentioned today trading range should be firstly watched next moves confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(26-04-2012)
Quiet market on expiry day today because 7 hours selling between 5208-5236 in last 2 sessions and support between 5161-5195 on 25-04-2012 and both side moves are capped between 5161-5236.
As market is not prepared for any side decisive moves therefore sideways moves were expected for today and following lines were told in "Market at Most Crucial Support levels before Rally beginning"
Although Nifty recovered 50 points after lower levels support and Double Bottom formation on 25-04-2012 but not sufficient and complete consolidation with base formation is required for correction completion. As 7 hours selling between 5208-5236 in last 2 sessions and until Nifty will not sustain above 5236 till then any rally will not be considered.
3 Hours trading between 5185-5210 today and sustaining beyond this range will be 1st indication of next moves. As Selling patterns seen at higher levels today therefore down moves possibilities from here are turning high. Sustaining beyond 5161-5236 will be next trend strong confirmation.
Detailed analysis have already been updated in following topic.Just click following topic link and trade after understanding all crucial points and levels:-
Market at Most Crucial Support levels before Rally beginning
As market is not prepared for any side decisive moves therefore sideways moves were expected for today and following lines were told in "Market at Most Crucial Support levels before Rally beginning"
Although Nifty recovered 50 points after lower levels support and Double Bottom formation on 25-04-2012 but not sufficient and complete consolidation with base formation is required for correction completion. As 7 hours selling between 5208-5236 in last 2 sessions and until Nifty will not sustain above 5236 till then any rally will not be considered.
3 Hours trading between 5185-5210 today and sustaining beyond this range will be 1st indication of next moves. As Selling patterns seen at higher levels today therefore down moves possibilities from here are turning high. Sustaining beyond 5161-5236 will be next trend strong confirmation.
Detailed analysis have already been updated in following topic.Just click following topic link and trade after understanding all crucial points and levels:-
Market at Most Crucial Support levels before Rally beginning
Market at Most Crucial Support levels before Rally beginning
Technical Analysis and Research For 26-04-2012
Nifty-Intra Day Chart (25-Apr-2012):-
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| Just click on chart for its enlarged view |
1- More than 7 hours selling between 5208-5236 in last 2 sessions.
2- Support between 5161-5195
3- Whole day trading between 5161-5236
Conclusions from Previous Topics
Although more than 50 points of Nifty fall was seen today just before 11:59 AM on 13-04-2012 but we cautioned clearly before this fall and clearly told following lines:-
1- We told following line in "More Down moves possibility is still alive" at 12:18AM (mid night) on 25-04-2012:-
finally Nifty will not sustain above 5232 and more down moves possibility is still alive as well as slipping below 5200 is possible.
2- We told following line in "Post-open Outlook-2" at 11:18 AM on 25-04-2012 :-
Intraday selling patterns at higher levels today.
Lower Tops and Lower Bottoms Formation in EOD Chart:-
Following topic was posted on 13-04-2012. Just click following topic link and understand next moves possibility:-
Lower Tops and Lower Bottoms Formation In On Going Correction
Conclusion from above topic:-
As lower tops and lower bottoms formations in on going correction therefore new bottom B3 formations possibility below 5135.95 can not be ruled out in the coming sessions.
Next most crucial Supports:-
As correction is on therefore following 2 most crucial supports should also be kept in mind:-
1- Next support range 5136-5167(tested today)
2- Two times support at Long term Trend decider 200 Day SMA in on going correction and 200-Day SMA is today at 5132.
Importace of Long term Trend decider 200 Day SMA:-
Importace of 200 Day SMA support has already been updated in following 2 topics. Just click following topic links and go through:-
1- Posted on 15-04-2012- Last corrective Wave before Strong Bullish Rally
2- 24-04-2012- Next Trend decider & Most Crucial 200-Day SMA
Conclusion from above topics:-
Correction is 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 Long term Trend decider 200-Day SMA till then Bullish market possibility will remain alive.
Bullish 'Flag Pattern' Formations:-
Correction continuation with Bullish 'Flag Pattern' Formation in EOD Chart therefore expected that finally strong rally will be seen after correction completion and in this regard following topic was posted on 08-04-2012. Just click following topic link and go through:-
Bullish 'Flag Pattern' Formation in EOD Chart
Conclusions (After Putting All Studies Together)
Let market completely consolidate and form base then up moves will be considered otherwise more down moves will be seen. As correction is very nuch on and no cofirmation of its completion yet therefore its continuation can not be ruled out at this moment.
Volatile session on 25-04-2012 because lower levels supports seen after higher levels selling and firstly trading will be seen within the highs and lows of last 2 sessions(5161-5239).
Although Nifty recovered 50 points after lower levels support and Double Bottom formation on 25-04-2012 but not sufficient and complete consolidation with base formation is required for correction completion. As 7 hours selling between 5208-5236 in last 2 sessions and until Nifty will not sustain above 5236 till then any rally will not be considered.
Up moves confirmation will be minimum after sustaining above 1st Resistance(5236) and high possibility of support getting at or near about following most crucial support levels
1- 5136
2- 5132(200-Day SMA)
Expected that strong rally will begin after getting support near about above levels and 2 months correction completion.
FII & DII trading activity in Capital Market Segment on 25-Apr-2012
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Indian Stock Markets Closing Reports(25-Apr-2012)
Main features of today trading are as follows
1- Bullish Hammer Candle formation.
2- Benchmark Indices closed in Red.
3- Highly volatile market.
Ratios
Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(25-Apr-2012): 18.27
Advances & Declines
BSE Advances : 1060
BSE Declines : 1676
NSE Advances : 453
NSE Declines : 979
Nifty Open Interest Changed Today
Nifty- 5100 CE(Apr)- +283500(+52.96%)
Nifty- 5100 PE(Apr)- +269700(+4.18%)
Nifty- 5200 CE(Apr)- -119950(-2.97%)
Nifty- 5200 PE(Apr)- -1276400(-19.19%)
Nifty- 5300 CE(Apr)- +272700(+4.61%)
Nifty- 5300 PE(Apr)- -358800(-12.13%)
Closing
Nifty- closed at 5,202.00(-20.65 Points & -0.40%)
Sensex- closed at 17,151.29(-56.00 Points & -0.33% )
CNX Midcap - closed at 7,430.25(-59.85 Points & -0.80%)
BSE Smallcap- closed at 6,753.87(-35.94 Points & -0.53%)
1- Bullish Hammer Candle formation.
2- Benchmark Indices closed in Red.
3- Highly volatile market.
Ratios
Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(25-Apr-2012): 18.27
Advances & Declines
BSE Advances : 1060
BSE Declines : 1676
NSE Advances : 453
NSE Declines : 979
Nifty Open Interest Changed Today
Nifty- 5100 CE(Apr)- +283500(+52.96%)
Nifty- 5100 PE(Apr)- +269700(+4.18%)
Nifty- 5200 CE(Apr)- -119950(-2.97%)
Nifty- 5200 PE(Apr)- -1276400(-19.19%)
Nifty- 5300 CE(Apr)- +272700(+4.61%)
Nifty- 5300 PE(Apr)- -358800(-12.13%)
Closing
Nifty- closed at 5,202.00(-20.65 Points & -0.40%)
Sensex- closed at 17,151.29(-56.00 Points & -0.33% )
CNX Midcap - closed at 7,430.25(-59.85 Points & -0.80%)
BSE Smallcap- closed at 6,753.87(-35.94 Points & -0.53%)
Nifty Spot-Levels & Trading Strategy for 26-04-2012
Nifty Spot-Levels
R3 5314
R2 5275
R1 5238
PIVOT 5199
S1 5162
S2 5123
S3 5086
Nifty Spot-Trading Strategy
H6 5278 Trgt 2
H5 5261 Trgt 1
H4 5243 Long breakout
H3 5222 Go Short
H2 5215
H1 5208
L1 5195
L2 5188
L3 5181 Long
L4 5160 Short Breakout
L5 5142 Trgt 1
L6 5125 Trgt 2
R3 5314
R2 5275
R1 5238
PIVOT 5199
S1 5162
S2 5123
S3 5086
Nifty Spot-Trading Strategy
H6 5278 Trgt 2
H5 5261 Trgt 1
H4 5243 Long breakout
H3 5222 Go Short
H2 5215
H1 5208
L1 5195
L2 5188
L3 5181 Long
L4 5160 Short Breakout
L5 5142 Trgt 1
L6 5125 Trgt 2
Nifty(Apr Fut)-Levels & Trading Strategy for 26-04-2012
Nifty(Apr Fut)-Levels
R3 5319
R2 5277
R1 5237
PIVOT 5195
S1 5155
S2 5113
S3 5073
Nifty(Apr Fut)-Trading Strategy
H6 5280 Trgt 2
H5 5261 Trgt 1
H4 5243 Long breakout
H3 5220 Go Short
H2 5213
H1 5205
L1 5190
L2 5182
L3 5175 Long
L4 5152 Short Breakout
L5 5134 Trgt 1
L6 5115 Trgt 2
R3 5319
R2 5277
R1 5237
PIVOT 5195
S1 5155
S2 5113
S3 5073
Nifty(Apr Fut)-Trading Strategy
H6 5280 Trgt 2
H5 5261 Trgt 1
H4 5243 Long breakout
H3 5220 Go Short
H2 5213
H1 5205
L1 5190
L2 5182
L3 5175 Long
L4 5152 Short Breakout
L5 5134 Trgt 1
L6 5115 Trgt 2
Bank Nifty(Apr Fut)-Levels & Trading Strategy for 26-04-2012
Bank Nifty(Apr Fut)-Levels
R3 10515
R2 10396
R1 10281
PIVOT 10162
S1 10047
S2 9928
S3 9813
Bank Nifty(Apr Fut)-Trading Strategy
H6 10403 Trgt 2
H5 10349 Trgt 1
H4 10295 Long breakout
H3 10231 Go Short
H2 10209
H1 10188
L1 10145
L2 10124
L3 10102 Long
L4 10038 Short Breakout
L5 9984 Trgt 1
L6 9930 Trgt 2
R3 10515
R2 10396
R1 10281
PIVOT 10162
S1 10047
S2 9928
S3 9813
Bank Nifty(Apr Fut)-Trading Strategy
H6 10403 Trgt 2
H5 10349 Trgt 1
H4 10295 Long breakout
H3 10231 Go Short
H2 10209
H1 10188
L1 10145
L2 10124
L3 10102 Long
L4 10038 Short Breakout
L5 9984 Trgt 1
L6 9930 Trgt 2
Pre-Closing Outlook(25-04-2012)
Only down moves were projected in all the Outlooks of this week and it was seen also in this week. Sharp fall today after more than 7 hours selling between 5208-5236 in last 2 sessions. Until Nifty will not sustain above 5236 till then any rally will not be considered.
Volatile session today because lower levels supports seen after higher levels selling and next few hours trading will be within the highs and lows of today and yesterday(5161-5239).
Correction is on and no cobfirmation of its completion yet. Let market completely consolidate and form base then up moves will be considered otherwise more down moves because correction is very much on and its continuation can not be ruled out.
Volatile session today because lower levels supports seen after higher levels selling and next few hours trading will be within the highs and lows of today and yesterday(5161-5239).
Correction is on and no cobfirmation of its completion yet. Let market completely consolidate and form base then up moves will be considered otherwise more down moves because correction is very much on and its continuation can not be ruled out.
Accuracy of our predictions
Following line was told in More Down moves possibility is still alive at 12:18AM (mid night) today;-
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.
When Nifty was trading above 5215 then following line was told in Post-open Outlook-2 today:-
Intraday selling patterns at higher levels today.
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.
When Nifty was trading above 5215 then following line was told in Post-open Outlook-2 today:-
Intraday selling patterns at higher levels today.
Post-open Outlook(25-04-2012)
Range bound quiet market and sustaining beyond 5180-5241 will be next moves confirmations.
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.
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