Bank Nifty(May Fut)-Levels & Trading Strategy for 11-05-2012

Bank Nifty(May Fut)-Levels

R3 9729
R2 9636
R1 9495
Avg 9402
S1 9261
S2 9168
S3 9027

Bank Nifty(May Fut)-Trading Strategy

H6 9589     Trgt 2
H5 9535     Trgt 1
H4 9482     Long breakout
H3 9418     Go Short
H2 9396
H1 9375
L1 9332
L2 9311
L3 9289     Long
L4 9225     Short Breakout
L5 9172     Trgt 1
L6 9118     Trgt 2

Pre-Closing Outlook(10-05-2012)

Indian markets outperformed Asian markets and traded strong almost first 4 hours but tumbled after higher levels selling. Dow's Futures was more than 30 points up and European markets also opened positive but not Dow's Futures is more than 40 points down and all the European markets are trading in Red.

Although good selling today but Nifty got support at 4957 yesterday and Nifty is hovering it around after slipping below it today. Mixed intraday patterns seen during last more than one hour trading between 5951-5985 today therefore firstly this range break out should be watched for next moves confirmations. 

Mid-session Outlook-3(10-05-2012)

As confirmations were required therefore we told following line in Mid-session Outlook(10-05-2012)

"Just watch sustaining above 5015 today because that will be 1st indication decisive up moves"

Nifty got support at 4957 yesterday and slipping below it also can not be ruled out after watching higher levels selling today.

Mid-session Outlook-2(10-05-2012)

Almost 4 hours trading between between 5119-5136 with intraday selling confirmations at higher levels between 5125-5136. Market slipped from higher levels. Correction continuation and more down moves will be seen. 

Mid-session Outlook(10-05-2012)

When Dow Jones was trading more than 80 points down then Pull Back Rally was projected at 01:08 AM today and following topic was posted:-

"Pull Back Rally expectations amid France & Greece Elections triggered Global Markets crash" 

Indian markets are 1% up while All the Asian markets are flat to weak and proved our projections 100% accurate.

Just watch sustaining above 5015 today because that will be 1st indication decisive up moves

Pull Back Rally expectations amid France & Greece Elections triggered Global Markets crash

Technical Analysis and Research For 10-05-2012

Nifty-EOD Chart (09-May-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 54 Sessions correction in Falling Channel(Bullish Flag Formation)
2- Testing of 200-Day SMA in Previous months.
3- Forcefully breaking down and last 2 sessions closing below 200-Day SMA.

Conclusions from EOD chart analysis

Long term trend was up during 54 Sessions correction and Nifty could not slip below 200-Day SMA but France and Greece Elections results created that storm which shattered whole Global confidence and all the Global Stocks and Commodities markets crashed,resultant Indian markets also could not be spared and reacted in lines with Global markets and forcefully broken down 200-Day SMA.

Two day closing below 200-Day SMA and sustaining below it will be confirmation of Long term trend turning down.

Nifty-Intra Day Chart (09-May-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5003-5015
2- Support between 4957-4982
3- Consolidation patterns formations in whole day intraday chart.
3- Whole day trading 4957-5015

Conclusions from intra day chart analysis

Sideways trading with lower levels supports and higher levels selling today and sustaining beyond today trading range should be  firstly watched tomorrow for next moves confirmation. As whole day intraday chart patterns are showing consolidation formations therefore breaking out possibilities above 5015 are high.

Conclusions (After Putting All Studies Together)

Correction continuation and most crucial 61.8% retracement(4950) has been almost completed after today lowest formation at 4956.45. Following 6 technocal points are showing correction completion indications and Pull Back Rally expectations:-

1- 61.8% retracement completion today.(most crucial retracemet level).
2- Short term oscillators are oversold now.
3- MACD:-  Distance in both lines therefore upmoves are required to converge both lines.
4- 54 Sessions correction in Falling Channel(Bullish Flag Formation).
5- Gravestone Doji Bullish Candle formation on 09-05-2012.
6- Consolidation patterns formations in whole day intraday chart on 09-05-2012.

Global markets nosedived after France and Greece election results and Dow Jones is trading more than 80 points down at this moment therefore cooling down and settling of depressed sentiment with global confidence building up is also required for any trend reversal and up moves.

France & Greece Elections triggered Global Markets crash but Indian markets are technically prepared for a Pull Back rally and it may be seen any day. As intraday Consolidation patterns formations seen between 4957-5015 on 09-05-2012 therefore sustaining it beyond should be firstly watched in the coming sessions with Pull Back Rally expectations.

FII & DII trading activity in Capital Market Segment on 01-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 01-May-2012 9999 8888 1111

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-May-2012 5555 3333 2222

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

Main features of today trading are as follows

1- Gravestone Doji Bullish formation.
2- Benchmark Indices closed in Red.
3- Sideways trading but volatile within intraday range.

Ratios

Nifty Put Call Ratio: 1.06
Nifty P/E Ratio(09-May-2012): 17.03

Advances & Declines

BSE Advances :  933
BSE Declines : 1809
NSE Advances :  385
NSE Declines : 1046

Nifty Open Interest Changed Today

Nifty- 4800 CE(May)- -10200(-1.50%)
Nifty- 4800 PE(May)- +793700(+16.85%)

Nifty- 4900 CE(May)- +309850(+35.65%)
Nifty- 4900 PE(May)- +2131900(+46.19%)

Nifty- 5000 CE(May)- +803300(+25.72%)
Nifty- 5000 PE(May)- -105000(-1.57%)

Nifty- 5100 CE(May)- +473200(+12.25%)
Nifty- 5100 PE(May)- -160750(-3.74%)

Nifty- 5200 CE(May)- +462150(+7.42%)
Nifty- 5200 PE(May)- -169050(-7.260%)

Closing 

Nifty- closed at 4,974.80(-25.15 Points & -0.50%)
Sensex- closed at 16,479.58(-66.60 Points & -0.40% )
CNX Midcap - closed at 7,055.20(-77.70 Points & -1.09%)
BSE Smallcap- closed at 6,469.96(-80.86 Points & -1.23%)

Nifty Spot-Levels & Trading Strategy for 10-05-2012

Nifty Spot-Levels

R3 5068
R2 5042
R1 5008
Avg 4982
S1 4948
S2 4922
S3 4888

Nifty Spot-Trading Strategy

H6 5034     Trgt 2
H5 5020     Trgt 1
H4 5007     Long breakout
H3 4990     Go Short
H2 4985
H1 4979
L1 4968
L2 4963
L3 4957     Long
L4 4941     Short Breakout
L5 4927     Trgt 1
L6 4913     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 10-05-2012

Nifty(May Fut)-Levels

R3 5095
R2 5061
R1 5022
Avg 4988
S1 4949
S2 4915
S3 4876

Nifty(May Fut)-Trading Strategy

H6 5056     Trgt 2
H5 5039     Trgt 1
H4 5023     Long breakout
H3 5003     Go Short
H2 4996
H1 4989
L1 4976
L2 4969
L3 4962     Long
L4 4942     Short Breakout
L5 4926     Trgt 1
L6 4909     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 10-05-2012

Bank Nifty(May Fut)-Levels

R3 9771
R2 9665
R1 9522
Avg 9416
S1 9273
S2 9167
S3 9024

Bank Nifty(May Fut)-Trading Strategy

H6 9629     Trgt 2
H5 9572     Trgt 1
H4 9515     Long breakout
H3 9447     Go Short
H2 9424
H1 9401
L1 9356
L2 9333
L3 9310     Long
L4 9242    Short Breakout
L5 9185     Trgt 1
L6 9128     Trgt 2

Pre-Closing Outlook(09-05-2012)

Most of the time intraday volatility(between 4970-5015) on the back of up/down moves in Dow's Futures and breaking down of intraday lows also after Dow's Futures turning down to -81.

New low formations after breaking down of 4970 but without force therefore sustaining below today lowest(4957) is must for next down moves confirmations.

Correction is on and slipping below Long Term Trend decider 200-Day EMA also therefore complete consolidation is required for any decisive up move.

Sideways trading with lower levels supports and higher levels selling between 4957-5015 today and firstly sustaining it beyond should be  watched tomorrow for next moves confirmations.

Mid-session Outlook-3(09-05-2012)

Again dancing on the tunes of Dow's Futures today which is now 55 points down and resustant Indian markets again sliiped from higher levels and trading little above today lower levels.

Global cues led high uncertainity therefore sustaining beyond mentioned range(4970-5015) should be firstly watched for next short term moves confirmations.

Mid-session Outlook-2(09-05-2012)

Dancing on the music of US Futures today. Firstly slipping after down moves in Dow's Futures and now up after recovery in  Dow's Futures which is now only 19 points down.

Sustaining beyond mentioned range(4970-5015) should be firstly watched for next next short term moves confirmations.

Mid-session Outlook(09-05-2012)

Sideways market today after yesterday blasting moves. As whole sentiment was bearish therefore minor recovery seen from intraday lower levels. Correction is on and almost confirmation of Long Term Trend turning down after resistance at 200-Day EMA yesterday.

Intraday selling formations seen at higher levels and Dow's Futures is also 65 points down therefore weakening of sentiment slipping from intraday higher levels.

Correction continuation and more down moves possiblity can not be ruled out. As minor supprt at lower levels and minor resistance at higher levels today therefore break out of 4970-5015 should be firstly watched for next short term moves confirmations.

Pre-open Outlook(09-05-2012)

Although US markets closed after some recovery from lower levels yesterday but Dow's Futures is more than 45 points down today and resultant all the Asian markets are in Red today morning. Dow's Futures was more than 70 points down almost whole day yesterday and in reaction European as well as Indian markets tumbled.

Adverse news flow from European countries and all the Global markets are reacting through sharp declines today. Sentiment is completely dampened therefore next supports have already been updated yesterday in "Melting Global Markets and Correction continuation". 

Mentioned next supports testing is possible but very short term  indicators are oversold therefore bounce back,volatility and minor Pull Back Rallis may also be seen after intraday supports at lower levels  but today closing will depend on Global cues also.

Let US and European markets stabilise and Global sentiment improve then up moves will be considered after complete consolidation and bottom/base formations. 

Melting Global Markets and Correction continuation

Nifty-Intra Day Chart (08-May-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- More than 5 hours trading between 5048-5118
2- Sharp fall in last 45 minutes after US Futures and European markets down moves.
3- Whole day trading between 4968-5118

Conclusions from intra day chart analysis 

As Dow's Futures was more than 70 points down and European markets Futures were also in deep Red today morning therefore Indian and European markets opened weak and closed in deep Red after almost whole day negative zone trading.

Melting Global markets and Us markets are also more than 1.5% down today therefore Global sentiment is completely dampened and more weakness can not be ruled out in all the Global markets including Indian markets.

Sharp declines today after Resistance at 200-Day SMA and next supports are as follows:-

1- 4995-5068
2- 4810-4900
3- 4635-4663
4- 4602-4624
5- 4560-4590  

Correction is on and Global sentiment is depressing therefore above supports testing is possible. Let US and European markets stabilise and Global sentiment improve then up moves will be considered after consolidation and bottom/base formations.  

FII Trading Data in Derivatives Segment on 08-May-2012

FII & DII trading activity in Capital Market Segment on 08-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 08-May-2012 1905.58 2304.56 -398.98

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 08-May-2012 1177.65 920.05 257.6

Indian Stock Markets Closing Reports(08-May-2012)

Main features of today trading are as follows

1- Long Black Candle formation.
2- Benchmark Indices closed more than 2% down after sharp down moves in last hours.
3- All the Indices closed in Red and near lower levels of the day.

Ratios

Nifty Put Call Ratio: 0.94
Nifty P/E Ratio(08-May-2012):17.15

Advances & Declines

BSE Advances : 1051
BSE Declines : 1696
NSE Advances :  432
NSE Declines :  991

Nifty Open Interest Changed Today

Nifty- 4800 CE(May)- +94900(+16.26%)
Nifty- 4800 PE(May)- +983400(+26.00%)

Nifty- 4900 CE(May)- +74800(+9.38%)
Nifty- 4900 PE(May)- +1092250(+29.95%)

Nifty- 5000 CE(May)- +1163700(+58.79%)
Nifty- 5000 PE(May)- +259200(+3.90%)

Nifty- 5100 CE(May)- +1100600(+38.84%)
Nifty- 5100 PE(May)- -291950(-6.33%)

Nifty- 5200 CE(May)- +1236450(+24.52%)
Nifty- 5200 PE(May)- +34550(+1.44%)

Closing 

Nifty- closed at 4,999.95(-114.20 Points & -2.23%)
Sensex- closed at 16,546.18(-366.53 Points & -2.17% )
CNX Midcap - closed at 7,132.90(-107.20 Points & -1.48%)
BSE Smallcap- closed at 6,550.82(-57.53 Points & -0.87%)

Nifty Spot-Levels & Trading Strategy for 09-05-2012

Nifty Spot-Levels

R3 5220
R2 5169
R1 5084
Avg 5033
S1 4948
S2 4897
S3 4812

Nifty Spot-Trading Strategy

H6 5135     Trgt 2
H5 5104     Trgt 1
H4 5073     Long breakout
H3 5036     Go Short
H2 5023
H1 5011
L1 4986
L2 4974
L3 4961     Long
L4 4924     Short Breakout
L5 4893     Trgt 1
L6 4862     Trgt 2