Bank Nifty Spot-Weekly Levels & Trading Strategy(May 21 to May 25,2012)

Bank Nifty Spot-Weekly Levels

R3 10045
R2 9772
R1 9541
Avg 9268
S1 9037
S2 8764
S3 8533

Bank Nifty Spot-Weekly Trading Strategy 

H6 9831     Trgt 2
H5 9709     Trgt 1
H4 9587     Long breakout
H3 9448     Go Short
H2 9402
H1 9356
L1 9263
L2 9217
L3 9171     Long
L4 9032     Short Breakout
L5 8910     Trgt 1
L6 8788     Trgt 2

Pre-Closing Outlook(18-05-2012)

Today gap down and most time negative zone trading was the sentimental impact of Global crashing sentiment but Strong SBI results boosted market mood and market sparked because it showed the strength of Indian Banking Industry.

Nifty got Double Bottom support at 4852 yesterday and closing above it will be seen today. Indian markets are in the grip of Bears and require complete consolidation for decisive up moves.

Firstly sustaining above 4852 and then forceful crossing of next crucial resistances will give decisive up moves confirmations.

Mid-session Outlook(18-05-2012)

All the Global markets crashing but fireowrks in Indian markets after good results of SBI. While European Banks are in deep trouble but on the other hand Indian Banks are prospering.

SBI boosted sentiment and sharp surge in Indian markets. Today up moves are strong and sustaining above crucial resistances will give decisive up moves confirmations.

Gap down amid Global markets crash

Nifty-Intra Day Chart (17-May-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 4904-4922
2- Down moves in Falling Channel.
3- Double Bottom support at the lowest level.
4- Whole day trading between 4852-4922.

Conclusions from intra day chart analysis

When Indian markets were trading near the highs of the day and selling started to develop yesterday then it was immediately updated with next moves confirmation levels in Mid-session Outlook and following lines were told:-

1- minor selling formations also seen at higher levels today.
2- next moves confirmations is through sustaining above 4895/4882.

Firstly selling between 4904-4922 and after that down moves in Falling Channel(Bullish pattern) with intraday Double Bottom support at the lowest level of the day(4852) yesterday.

Pre-open Outlook(18-05-2012)

Although Double Bottom supports at lower levels were seen yesterday but most Asian markets are more than 2% down after 1.25% to 2% fall in all the US and European markets yesterday. Sentiment is highly depressed therefore negative zone trading and closing is expected after gap down opening today. 

Following supports of previous rally are only hopes for Bulls:-

1- 4810-4825
2- 4635-4663
3- 4602-4624
4- 4560-4590 

All trends are down and only Bounce Back or Pull Back Rally will be considered after support getting confirmations. Decisive up moves will be possible only after complete consolidations.

FII Trading Data in Derivatives Segment on 17-May-2012

FII & DII trading activity in Capital Market Segment on 17-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 17-May-2012 2289.29 2298.96 -9.67

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-May-2012 955.33 701.18 254.15

Indian Stock Markets Closing Reports(17-May-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green with marginal gains.
2- Most Indices closed with marginal gains or loss except FMCG closing after good intraday up moves.
3- Doji Candle formation.

Ratios

Nifty Put Call Ratio: 0.94
Nifty P/E Ratio(17-May-2012): 16.78

Advances & Declines

BSE Advances : 1335
BSE Declines : 1385
NSE Advances :  720
NSE Declines :  697

Nifty Open Interest Changed Today

Nifty- 4700 CE(May)- -13000(-1.90%)
Nifty- 4700 PE(May)- +342150(+5.65%)

Nifty- 4800 CE(May)- +423100(+19.88%)
Nifty- 4800 PE(May)- +5250(+0.08%)

Nifty- 4900 CE(May)- +300500(+6.63%)
Nifty- 4900 PE(May)- +193100(+3.31%)

Nifty- 5000 CE(May)- +99900(+1.77%)
Nifty- 5000 PE(May)- -308550(-7.89%)

Nifty- 5100 CE(May)- +208000(+3.31%)
Nifty- 5100 PE(May)- -107200(-3.59%)

Closing 

Nifty- closed at 4,870.20(+11.95 Points & +0.25%)
Sensex- closed at 16,070.48(+40.39 Points & +0.25% )
CNX Midcap - closed at 6,886.55(-15.50 Points & -0.22%)
BSE Smallcap- closed at 6,270.36(+5.41 Points & +0.09%)

Nifty Spot-Levels & Trading Strategy for 18-05-2012

Nifty Spot-Levels

R3 4983
R2 4952
R1 4911
Avg 4880
S1 4839
S2 4808
S3 4767

Nifty Spot-Trading Strategy

H6 4942     Trgt 2
H5 4925     Trgt 1
H4 4909     Long breakout
H3 4889     Go Short
H2 4883
H1 4876
L1 4863
L2 4856
L3 4850     Long
L4 4830     Short Breakout
L5 4814     Trgt 1
L6 4797     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 18-05-2012

Nifty(May Fut)-Levels

R3 4979
R2 4945
R1 4898
Avg 4864
S1 4817
S2 4783
S3 4736

Nifty(May Fut)-Trading Strategy

H6 4933     Trgt 2
H5 4914     Trgt 1
H4 4896     Long breakout
H3 4874     Go Short
H2 4866
H1 4859
L1 4844
L2 4837
L3 4829     Long
L4 4807     Short Breakout
L5 4789     Trgt 1
L6 4770     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 18-05-2012

Bank Nifty(May Fut)-Levels

R3 9478
R2 9381
R1 9233
Avg 9136
S1 8988
S2 8891
S3 8743

Bank Nifty(May Fut)-Trading Strategy

H6 9331     Trgt 2
H5 9275     Trgt 1
H4 9219     Long breakout
H3 9152     Go Short
H2 9129
H1 9107
L1 9062
L2 9040
L3 9017     Long
L4 8950    Short Breakout
L5 8894     Trgt 1
L6 8838     Trgt 2

Pre-Closing Outlook(17-05-2012)

When Indian markets were trading near the highs of the day and selling started to develop then it was immediately updated with next moves confirmation levels in Mid-session Outlook and following lines were told:-

1- minor selling formations also seen at higher levels today..
2- next moves confirmations is through sustaining above 4895/4882.

Indian markets are in the hands of Bears and selling again seen at higher levels today as well as formations of new intraday lows also observed. Although whole day down moves in Falling Channel(Bullish pattern) but good selling at higher levels also therefore following levels will be firstly watched tomorrow for next moves confirmations:-

1- Sustaing above 4890 will be first upmove strong indication.
2- Sustaing above 4922 will be up moves confirmations.
3- Sustaining below 4838(yesterday lowest) will be deep down moves confirmation.

As Falling Channel(Bullish pattern) formation was seen above 4838 yesterday therefore sustaining below is must for more down moves confirmations.

Mid-session Outlook(17-05-2012)

That more than 1% up move and Pull Back rally is being seen today which was projected in both previous outlooks with the confirmation through sustaining above 4882.

Nifty is trading above 4882 since opening today but lot of consolidation is required for up moves because multiple resistances at higher levels and minor selling formations also seen at higher levels today..

Same view for next moves confirmations is through sustaining above 4895/4882.

4882 for deciding the fate of Pull Back rally

Nifty-Micro Analysis of Intra Day Chart For 17-05-2012

Nifty-Intra Day Chart (16-May-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves in Falling Channel.
2- Falling Channel upward Break out.
3- Last 2 hours volatility after Break out.
3- Whole day trading between 4838-4882

Conclusions from intra day chart analysis 

Intraday trading within 4838-4882 with Falling Channel formation and its upward break out was also seen. Falling channel and its upward break out are Bullish formations and sustaining above intraday high(4882) will be Pull Back rally confirmation.

As all trands are down therefore more consolidations are required for decisive up moves and follow up buying in the coming sessions will mean Pull Back rally after forceful break out or sustaining above 4882.

Firstly watch sustaining or closing beyond 4882 for next moves confirmations and it will decide the fate of Pull Back rally.

Indian Stock Markets Closing Reports(16-May-2012)

Main features of today trading are as follows

1- Red closing.
2- Whole day negative zone trading after gap down opening.
3- Benchmark Indives got intraday support at lower levels.

Ratios

Nifty Put Call Ratio:0.94
Nifty P/E Ratio(16-May-2012):16.74

Advances & Declines

BSE Advances :  920
BSE Declines : 1808
NSE Advances :  364
NSE Declines : 1055

Nifty Open Interest Changed Today

Nifty- 4700 CE(May)- +481950(+238.24%)
Nifty- 4700 PE(May)- +1098350(+22.14%)

Nifty- 4800 CE(May)- +1010450(+90.44%)
Nifty- 4800 PE(May)- -724900(-10.09%)

Nifty- 4900 CE(May)- +1706200(+57.14%)
Nifty- 4900 PE(May)- -721800(-10.40%)

Nifty- 5000 CE(May)- +690300(+13.96%)
Nifty- 5000 PE(May)- -869450(-18.18%)

Closing

Nifty- closed at 4,858.25(-84.55 Points & -1.71%)
Sensex- closed at 16,030.09(-298.16 Points & -1.83% )
CNX Midcap - closed at 6,902.05(-60.10 Points & -0.86%)
BSE Smallcap- closed at 6,264.95(-70.32 Points & -1.11%)

FII Trading Data in Derivatives Segment on 16-May-2012

FII & DII trading activity in Capital Market Segment on 16-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 16-May-2012 2239.47 2786.32 -546.85

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-May-2012 1415.78 1243.95 171.83

Nifty Spot-Levels & Trading Strategy for 17-05-2012

Nifty Spot-Levels

R3 4926
R2 4904
R1 4881
Avg 4859
S1 4836
S2 4814
S3 4791

Nifty Spot-Trading Strategy

H6 4903     Trgt 2
H5 4892     Trgt 1
H4 4882     Long breakout
H3 4870     Go Short
H2 4866
H1 4862
L1 4853
L2 4849
L3 4845     Long
L4 4833     Short Breakout
L5 4823     Trgt 1
L6 4812     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 17-05-2012

Nifty(May Fut)-Levels

R3 4931
R2 4904
R1 4880
Avg 4853
S1 4829
S2 4802
S3 4778

Nifty(May Fut)-Trading Strategy

H6 4907     Trgt 2
H5 4895     Trgt 1
H4 4884     Long breakout
H3 4870     Go Short
H2 4865
H1 4860
L1 4851
L2 4846
L3 4841     Long
L4 4827     Short Breakout
L5 4816     Trgt 1
L6 4804     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 17-05-2012

Bank Nifty(May Fut)-Levels

R3 9397
R2 9290
R1 9199
Avg 9092
S1 9001
S2 8894
S3 8803

Bank Nifty(May Fut)-Trading Strategy

H6 9308     Trgt 2
H5 9262     Trgt 1
H4 9216     Long breakout
H3 9162     Go Short
H2 9144
H1 9126
L1 9089
L2 9071
L3 9053     Long
L4 8999     Short Breakout
L5 8953     Trgt 1
L6 8907     Trgt 2

Mid-session Outlook(16-05-2012)

Nowadays complete manipulation through US futures. Yesterday Indian markets surged from intraday lower levels on the back of Dow'Futures more than 90 points up moves during Indian markets trading time but Dow Jones closed 63.35 down yesterday.

Indian markets complete reaction on Dow'Futures was updated yesterday in Pre-Closing Outlook(15-05-2012)  

Intraday selling was done yesterday through manipulated up moves in Us Futures and today gap down after most depressed global cues. All trends are down and all the patterns,strong supports and crucial levels have been broken down in on going correction.

Intraday trading within 4838-4881 with falling channel formation and its upward break out also seen today. Although falling channel and its upward break out is Bullish formations but sustaining above today trading range is must for Pull Back rally confirmations.

Pre-open Outlook(16-05-2012)

All the Asian markets are in down and Following Indices are in deep Red:-

1- HANG SENG INDEX- 508.40 (2.56%) Points down
2- Nikkei 225-  79.95 (0.90%) Points down
3- KOSPI Composite Index-  27.60 (1.45%) Points down
4- Singapur STI- 30.56 (1.06%) Points down
5- Taiwan Weighted-  63.12 (0.85%) Points down

Correction is on in Indian markets and after depressed sentiment negative zone trading will be seen weak opening.