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ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 22-May-2012
Nifty Spot-Levels & Trading Strategy for 23-05-2012
Nifty Spot-Levels
R3 5034
R2 4995
R1 4927
Avg 4888
S1 4820
S2 4781
S3 4713
Nifty Spot-Trading Strategy
H6 4967 Trgt 2
H5 4943 Trgt 1
H4 4918 Long breakout
H3 4889 Go Short
H2 4879
H1 4869
L1 4850
L2 4840
L3 4830 Long
L4 4801 Short Breakout
L5 4776 Trgt 1
L6 4752 Trgt 2
R3 5034
R2 4995
R1 4927
Avg 4888
S1 4820
S2 4781
S3 4713
Nifty Spot-Trading Strategy
H6 4967 Trgt 2
H5 4943 Trgt 1
H4 4918 Long breakout
H3 4889 Go Short
H2 4879
H1 4869
L1 4850
L2 4840
L3 4830 Long
L4 4801 Short Breakout
L5 4776 Trgt 1
L6 4752 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 23-05-2012
Nifty(May Fut)-Levels
R3 5020
R2 4980
R1 4910
Avg 4870
S1 4800
S2 4760
S3 4690
Nifty(May Fut)-Trading Strategy
H6 4951 Trgt 2
H5 4926 Trgt 1
H4 4901 Long breakout
H3 4871 Go Short
H2 4861
H1 4851
L1 4830
L2 4820
L3 4810 Long
L4 4780 Short Breakout
L5 4755 Trgt 1
L6 4730 Trgt 2
R3 5020
R2 4980
R1 4910
Avg 4870
S1 4800
S2 4760
S3 4690
Nifty(May Fut)-Trading Strategy
H6 4951 Trgt 2
H5 4926 Trgt 1
H4 4901 Long breakout
H3 4871 Go Short
H2 4861
H1 4851
L1 4830
L2 4820
L3 4810 Long
L4 4780 Short Breakout
L5 4755 Trgt 1
L6 4730 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 23-05-2012
Bank Nifty(May Fut)-Levels
R3 9648
R2 9548
R1 9366
Avg 9266
S1 9084
S2 8984
S3 8802
Bank Nifty(May Fut)-Trading Strategy
H6 9466 Trgt 2
H5 9402 Trgt 1
H4 9339 Long breakout
H3 9261 Go Short
H2 9235
H1 9209
L1 9158
L2 9132
L3 9106 Long
L4 9028 Short Breakout
L5 8965 Trgt 1
L6 8901 Trgt 2
R3 9648
R2 9548
R1 9366
Avg 9266
S1 9084
S2 8984
S3 8802
Bank Nifty(May Fut)-Trading Strategy
H6 9466 Trgt 2
H5 9402 Trgt 1
H4 9339 Long breakout
H3 9261 Go Short
H2 9235
H1 9209
L1 9158
L2 9132
L3 9106 Long
L4 9028 Short Breakout
L5 8965 Trgt 1
L6 8901 Trgt 2
Post-open Outlook(22-05-2012)
Nifty slipped below 4937 immediately after positive opening today. Selling was between 4928-4937 yesterday and Nifty is trading between this range for the last 45 Minutes after forming lows at 4927.15.
Although Pull Back Rally continuation is expected after sustaining above 4937 but Petroleum Price hike may also be seen within couple of sessions therefore volatility may be seen.
Nifty is trading exactly at 4937 at this moment therefore firstly watch sustaining it beyond for next moves confirmations.
Although Pull Back Rally continuation is expected after sustaining above 4937 but Petroleum Price hike may also be seen within couple of sessions therefore volatility may be seen.
Nifty is trading exactly at 4937 at this moment therefore firstly watch sustaining it beyond for next moves confirmations.
Pull Back rally continuation after its formation through consolidations
Nifty-Intra Day Chart (21-May-2012):-
Technical Patterns and Formations in today intraday charts
1- Support between 4904-4918
2- Selling between 4928-4937
3- New bottom formation after sharp fall
4- Whole day trading between 4889-4937
Clear supports at lower levels but selling patterns were also seen at higher levels yesterday. Although intraday technical correction through last half hour sharp fall with new bottom formation was also seen yesterday therefore sustaining beyond yesterday trading range is main demand for next short term moves confirmations.
Nowadays main trigger comes from Global markets and all the Asian markets are in Green today after strong recovery in all the European and US markets therefore sentiment is pleasant today morning and positive opening will be seen in Indian markets.
Following Weekly topic was posted on 19-05-2012.
Only Watch 4790-4907 Break out for Short Term / Intermediate Term Trend
As yesterday closing was at 4906.05 therefore no damage to supports below 4907 despite sharp fall yesterday. As intraday selling formations were seen between 4928-4937 yesterday therefore sustaing above 4937 is must today for next up moves confirmation.
Next 4 Resistances of last 11 sessions are as follows:-
R1-4904-4922
R2-4936-4953
R3-5003-5036
R4-5065-5125
As 4904-4922 was resistance therefore sharp fall was seen within this range yesterday for consolidations and snatching buying positions from weaker traders. Multiple resistances at higher levels therefore complete consolidations are rquired for decisive up moves.
Expected that market will sustain above 4937 and Pull Back rally continuation will be seen after its formation through higher levels consolidations today and in the coming sessions.
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| Just click on chart for its enlarged view |
1- Support between 4904-4918
2- Selling between 4928-4937
3- New bottom formation after sharp fall
4- Whole day trading between 4889-4937
Conclusions from intra day chart analysis
Clear supports at lower levels but selling patterns were also seen at higher levels yesterday. Although intraday technical correction through last half hour sharp fall with new bottom formation was also seen yesterday therefore sustaining beyond yesterday trading range is main demand for next short term moves confirmations.
Pre-open Outlook(22-05-2012)
Nowadays main trigger comes from Global markets and all the Asian markets are in Green today after strong recovery in all the European and US markets therefore sentiment is pleasant today morning and positive opening will be seen in Indian markets.
Following Weekly topic was posted on 19-05-2012.
Only Watch 4790-4907 Break out for Short Term / Intermediate Term Trend
As yesterday closing was at 4906.05 therefore no damage to supports below 4907 despite sharp fall yesterday. As intraday selling formations were seen between 4928-4937 yesterday therefore sustaing above 4937 is must today for next up moves confirmation.
Next 4 Resistances of last 11 sessions are as follows:-
R1-4904-4922
R2-4936-4953
R3-5003-5036
R4-5065-5125
As 4904-4922 was resistance therefore sharp fall was seen within this range yesterday for consolidations and snatching buying positions from weaker traders. Multiple resistances at higher levels therefore complete consolidations are rquired for decisive up moves.
Expected that market will sustain above 4937 and Pull Back rally continuation will be seen after its formation through higher levels consolidations today and in the coming sessions.
FII & DII trading activity in Capital Market Segment on 21-May-2012
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Nifty Spot-Levels & Trading Strategy for 22-05-2012
Nifty Spot-Levels
R3 4981
R2 4959
R1 4932.67
Avg 4910
S1 4883
S2 4861
S3 4834
Nifty Spot-Trading Strategy
H6 4955 Trgt 2
H5 4944 Trgt 1
H4 4932 Long breakout
H3 4919 Go Short
H2 4914
H1 4910
L1 4901
L2 4897
L3 4892 Long
L4 4879 Short Breakout
L5 4867 Trgt 1
L6 4856 Trgt 2
R3 4981
R2 4959
R1 4932.67
Avg 4910
S1 4883
S2 4861
S3 4834
Nifty Spot-Trading Strategy
H6 4955 Trgt 2
H5 4944 Trgt 1
H4 4932 Long breakout
H3 4919 Go Short
H2 4914
H1 4910
L1 4901
L2 4897
L3 4892 Long
L4 4879 Short Breakout
L5 4867 Trgt 1
L6 4856 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 22-05-2012
Nifty(May Fut)-Levels
R3 4971
R2 4951
R1 4922
Avg 4902
S1 4873
S2 4853
S3 4824
Nifty(May Fut)-Trading Strategy
H6 4942 Trgt 2
H5 4931 Trgt 1
H4 4919 Long breakout
H3 4906 Go Short
H2 4901
H1 4897
L1 4888
L2 4884
L3 4879 Long
L4 4866 Short Breakout
L5 4854 Trgt 1
L6 4843 Trgt 2
R3 4971
R2 4951
R1 4922
Avg 4902
S1 4873
S2 4853
S3 4824
Nifty(May Fut)-Trading Strategy
H6 4942 Trgt 2
H5 4931 Trgt 1
H4 4919 Long breakout
H3 4906 Go Short
H2 4901
H1 4897
L1 4888
L2 4884
L3 4879 Long
L4 4866 Short Breakout
L5 4854 Trgt 1
L6 4843 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 22-05-2012
Bank Nifty(May Fut)-Levels
R3 9560
R2 9487
R1 9412
Avg 9339
S1 9264
S2 9191
S3 9116
Bank Nifty(May Fut)-Trading Strategy
H6 9486 Trgt 2
H5 9452 Trgt 1
H4 9418 Long breakout
H3 9377 Go Short
H2 9364
H1 9350
L1 9323
L2 9309
L3 9296 Long
L4 9255 Short Breakout
L5 9221 Trgt 1
L6 9187 Trgt 2
R3 9560
R2 9487
R1 9412
Avg 9339
S1 9264
S2 9191
S3 9116
Bank Nifty(May Fut)-Trading Strategy
H6 9486 Trgt 2
H5 9452 Trgt 1
H4 9418 Long breakout
H3 9377 Go Short
H2 9364
H1 9350
L1 9323
L2 9309
L3 9296 Long
L4 9255 Short Breakout
L5 9221 Trgt 1
L6 9187 Trgt 2
Pre-Closing Outlook(21-05-2012)
Indian markets showed out performnace in first session but did not responded in the Mid Session after good recovery in US Futures and European markets. Dow's Futures is more than 75 points up and all the European markets have turned positive but Indian markets slipped from intra day highs.
Clear supports at lower levels but selling patterns also seen at higher levels therefore today trading range (4904-4936) break out should be firstly watched out for next short term confirmations.
Clear supports at lower levels but selling patterns also seen at higher levels therefore today trading range (4904-4936) break out should be firstly watched out for next short term confirmations.
Mid-session Outlook(21-05-2012)
Asian markets are mixed but All the European markets are in Red but Indian markets are again out performing today with trading .50% up. Last 3 hours trading betwen 4904-4924 with intraday mixed patterns. As Indian markets are sustaining in Green despite negative European markets thereofore it is a signal of strength.
Sustaining above 4924 will be continuation confirmation of last Friday begun up move.
Sustaining above 4924 will be continuation confirmation of last Friday begun up move.
Only Watch 4790-4907 Break out for Short Term / Intermediate Term Trend
Technical Analysis,Research & Weekly Outlook
(May 21 to May 25,2012)
Nifty-EOD Chart (18-May-2012):-
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| Just click on chart for its enlarged view |
1- Impulsive Wave-1 completion at 5629.95 on 22-02-2012.
2- Corrective Wave-2 continuation.
3- Breaking down confirmation after 9 sessions sustaining below Long Term Trend decider 200-Day SMA.
4- 61 Sessions correction in Falling Channel(Bullish Flag Formation)
5- Support at the bottom of Lower Falling Trend Line of Falling Channel on 18-05-2012
Conclusions from EOD chart analysis
All the trends are down and Indian markets are in the grip of Bears. Long Term Trend turning down confirmations through 9 sessions sustaing below 200-Day SMA during on going correction. Nifty got support at Lower Falling Trend Line of Falling Channel on 18-05-2012 anf fast recovery seen also.
4 Supports & 4 Resistances in Last 10 Days
Nifty-Intra Day Chart (May 07 to May 18,2012):-
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| Just click on chart for its enlarged view |
4 Supports of last 10 sessions are as follows:-
S1- 4790-4807
S2- Double Bottom support at 4852.
S3- 4840-4860
S4- 4877-4907
4 Resistances of last 10 sessions are as follows:-
R1-4904-4922
R2-4936-4953
R3-5003-5036
R4-5065-5125
Conclusions from 10 days intra day chart analysis
Strong recovery after gap down opening on 18-05-2012 as well as crossing all 3 previous supports because gap down opening was the result of Global markets crash. As market slipped after good selling therefore 4 resistances also developed in last 10 sessions.
Conclusions (After Putting All Studies Together)
All trends are down and Indian markets are in Bear phase and multiple resistances are at higher levels therefore complete consolidation is required for crossing and sustaining above resistances. Nifty has to face following resistances also after crossing above mentioned 4 resistances of on going 61 sessions correction:-
1- Resistance between 5190-5305
2- Resistance between 5318-5337
3- Resistance between 5357-5377
4- Resistance between 5418-5487
5- Resistance between 5588-5625
Fibonacci Retracement Levels of previous rally(4531-5629) are as follows:-
13.0%- 5486(Tested)
23.6%- 5369(Tested)
27.0%- 5332(Tested)
38.2%- 5209(Tested)
50.0%- 5080(Tested)
61.8%- 4950(Tested)
70.7%- 4852(Tested)
76.4%- 4790(Got support at 4788.95 on 18-05-2012)
78.6%- 4765
88.6%- 4656
76.4% Retracement completed on 18-05-2012 and after that sharp up move was also seen because Nifty got support also at Lower Falling Trend Line of Falling Channel on 18-05-2012. Nifty got support between 4790-4907 in last 5 sessions therefore expected that Nifty will firstly trade between this range in the beginning of next week and sustaining above this range(4907) is must for any decisive up move. As all the trends are down therefore until Nifty will not sustain above 200-Day SMA till then only Pull Back rally will be considered. Breaking down below 4790 will be confirmations of fast down moves to test following supports;-
1- 4635-4663
2- 4602-4624
3- 4560-4590
As last 5 sessions support range(4790-4907) is most crucial for deciding next short term/Intermediate term trend therefore firstly watch its break out for above mentioned next moves confirmations.
Indian Stock Markets Closing Reports(18-May-2012)
Main features of today trading are as follows
1- Benchmark Indices closed in Green.
2- Long White candle formation.
3- Strong recovery from lower levels after after gap down opening.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(18-May-2012): 16.85
Advances & Declines
BSE Advances : 1187
BSE Declines : 1536
NSE Advances : 603
NSE Declines : 819
Nifty Open Interest Changed Today
Nifty- 4700 CE(May)- +253650(+37.79%)
Nifty- 4700 PE(May)- +614800(+9.60%)
Nifty- 4800 CE(May)- +229550(+9.00%)
Nifty- 4800 PE(May)- +503200(+7.79%)
Nifty- 4900 CE(May)- -141500(-2.93%)
Nifty- 4900 PE(May)- -125200(-2.15%)
Nifty- 5000 CE(May)- +190250(+3.37%)
Nifty- 5000 PE(May)- +23400(0.65%)
Nifty- 5100 CE(May)- +515250(+7.94%)
Nifty- 5100 PE(May)- +-135100(-4.70%)
Closing
Nifty- closed at 4,891.45(+21.25 Points & +0.44%)
Sensex- closed at 16,152.75(+82.27 Points & +0.51% )
CNX Midcap - closed at 6,867.30(-19.25 Points & -0.28%)
BSE Smallcap- closed at 6,255.42(-14.94 Points & -0.24%)
1- Benchmark Indices closed in Green.
2- Long White candle formation.
3- Strong recovery from lower levels after after gap down opening.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(18-May-2012): 16.85
Advances & Declines
BSE Advances : 1187
BSE Declines : 1536
NSE Advances : 603
NSE Declines : 819
Nifty Open Interest Changed Today
Nifty- 4700 CE(May)- +253650(+37.79%)
Nifty- 4700 PE(May)- +614800(+9.60%)
Nifty- 4800 CE(May)- +229550(+9.00%)
Nifty- 4800 PE(May)- +503200(+7.79%)
Nifty- 4900 CE(May)- -141500(-2.93%)
Nifty- 4900 PE(May)- -125200(-2.15%)
Nifty- 5000 CE(May)- +190250(+3.37%)
Nifty- 5000 PE(May)- +23400(0.65%)
Nifty- 5100 CE(May)- +515250(+7.94%)
Nifty- 5100 PE(May)- +-135100(-4.70%)
Closing
Nifty- closed at 4,891.45(+21.25 Points & +0.44%)
Sensex- closed at 16,152.75(+82.27 Points & +0.51% )
CNX Midcap - closed at 6,867.30(-19.25 Points & -0.28%)
BSE Smallcap- closed at 6,255.42(-14.94 Points & -0.24%)
FII & DII trading activity in Capital Market Segment on 18-May-2012
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Nifty Spot-Levels & Trading Strategy for 21-05-2012
Nifty Spot-Levels
R3 5056
R2 4982
R1 4936
Avg 4862
S1 4816
S2 4742
S3 4696
Nifty Spot-Trading Strategy
H6 5013 Trgt 2
H5 4985 Trgt 1
H4 4957 Long breakout
H3 4924 Go Short
H2 4913
H1 4902
L1 4880
L2 4869
L3 4858 Long
L4 4825 Short Breakout
L5 4796 Trgt 1
L6 4768 Trgt 2
R3 5056
R2 4982
R1 4936
Avg 4862
S1 4816
S2 4742
S3 4696
Nifty Spot-Trading Strategy
H6 5013 Trgt 2
H5 4985 Trgt 1
H4 4957 Long breakout
H3 4924 Go Short
H2 4913
H1 4902
L1 4880
L2 4869
L3 4858 Long
L4 4825 Short Breakout
L5 4796 Trgt 1
L6 4768 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 21-05-2012
Nifty(May Fut)-Levels
R3 5079
R2 4992
R1 4940
Avg 4853
S1 4801
S2 4714
S3 4662
Nifty(May Fut)-Trading Strategy
H6 5030 Trgt 2
H5 4997 Trgt 1
H4 4964 Long breakout
H3 4926 Go Short
H2 4913
H1 4900
L1 4875
L2 4862
L3 4849 Long
L4 4811 Short Breakout
L5 4778 Trgt 1
L6 4745 Trgt 2
R3 5079
R2 4992
R1 4940
Avg 4853
S1 4801
S2 4714
S3 4662
Nifty(May Fut)-Trading Strategy
H6 5030 Trgt 2
H5 4997 Trgt 1
H4 4964 Long breakout
H3 4926 Go Short
H2 4913
H1 4900
L1 4875
L2 4862
L3 4849 Long
L4 4811 Short Breakout
L5 4778 Trgt 1
L6 4745 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 21-05-2012
Bank Nifty(May Fut)-Levels
R3 9802
R2 9560
R1 9408
Avg 9166
S1 9014
S2 8772
S3 8620
Bank Nifty(May Fut)-Trading Strategy
H6 9664 Trgt 2
H5 9568 Trgt 1
H4 9472 Long breakout
H3 9364 Go Short
H2 9328
H1 9292
L1 9219
L2 9183
L3 9147 Long
L4 9039 Short Breakout
L5 8943 Trgt 1
L6 8847 Trgt 2
R3 9802
R2 9560
R1 9408
Avg 9166
S1 9014
S2 8772
S3 8620
Bank Nifty(May Fut)-Trading Strategy
H6 9664 Trgt 2
H5 9568 Trgt 1
H4 9472 Long breakout
H3 9364 Go Short
H2 9328
H1 9292
L1 9219
L2 9183
L3 9147 Long
L4 9039 Short Breakout
L5 8943 Trgt 1
L6 8847 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(May 21 to May 25,2012)
Nifty Spot-Weekly Levels
R3 5138
R2 5047
R1 4969
Avg 4878
S1 4800
S2 4709
S3 4631
Nifty Spot-Weekly Trading Strategy
H6 5063 Trgt 2
H5 5023 Trgt 1
H4 4983 Long breakout
H3 4937 Go Short
H2 4921
H1 4906
L1 4875
L2 4860
L3 4844 Long
L4 4798 Short Breakout
L5 4758 Trgt 1
L6 4718 Trgt 2
R3 5138
R2 5047
R1 4969
Avg 4878
S1 4800
S2 4709
S3 4631
Nifty Spot-Weekly Trading Strategy
H6 5063 Trgt 2
H5 5023 Trgt 1
H4 4983 Long breakout
H3 4937 Go Short
H2 4921
H1 4906
L1 4875
L2 4860
L3 4844 Long
L4 4798 Short Breakout
L5 4758 Trgt 1
L6 4718 Trgt 2
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