Nifty(Jun Fut)-Levels & Trading Strategy for 05-06-2012

Nifty(Jun Fut)-Levels

R3 4966
R2 4909
R1 4874
Avg 4817
S1 4782
S2 4725
S3 4690

Nifty(Jun Fut)-Trading Strategy

H6 4933     Trgt 2
H5 4912     Trgt 1
H4 4890     Long breakout
H3 4865     Go Short
H2 4856
H1 4831
L1 4848
L2 4823
L3 4814     Long
L4 4789     Short Breakout
L5 4767     Trgt 1
L6 4746     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 05-06-2012

Bank Nifty(Jun Fut)-Levels

R3 9777
R2 9573
R1 9453
Avg 9249
S1 9129
S2 8925
S3 8805

Bank Nifty(Jun Fut)-Trading Strategy

H6 9667     Trgt 2
H5 9589     Trgt 1
H4 9511     Long breakout
H3 9422     Go Short
H2 9392
H1 9362
L1 9303
L2 9273
L3 9243     Long
L4 9154     Short Breakout
L5 9076     Trgt 1
L6 8998     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jun 04 to Jun 08,2012)

Nifty Spot-Weekly Levels

R3 5152
R2 5086
R1 4964
Avg 4898
S1 4776
S2 4710
S3 4588

Nifty Spot-Weekly Trading Strategy 

H6 5030     Trgt 2
H5 4987     Trgt 1
H4 4945     Long breakout
H3 4893     Go Short
H2 4876
H1 4859
L1 4824
L2 4807
L3 4790     Long
L4 4738     Short Breakout
L5 4696     Trgt 1
L6 4653    Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Jun 04 to Jun 08,2012)

Bank Nifty Spot-Weekly Levels

R3 10146
R2 9964
R1 9616
Avg 9434
S1 9086
S2 8904
S3 8556

Bank Nifty Spot-Weekly Trading Strategy 

H6 9798     Trgt 2
H5 9679     Trgt 1
H4 9559     Long breakout
H3 9413     Go Short
H2 9365
H1 9316
L1 9219
L2 9170
L3 9122     Long
L4 8976    Short Breakout
L5 8856     Trgt 1
L6 8737     Trgt 2

As Lalit Sir is out of station therefore Blog could not be updated after 01 Jun 2012. Updation will start very shortly and positively within 24 hours.

Sorry for inconvenience

Post-open Outlook(14-05-2012)

Although SGX Nifty was trading more than 40 points down today morning but yesterday support range was specified anf following lines were told today in Technical Analysis and Research For 01-06-2012:-

1- As Nifty survived above 4884 after most disappointing GDP data therefore yesterday Supports(4884-4905) should be firstly watched 
2- follow up buying/selling today will decide next immediate intra day moves.

Nifty is trading above the high(4905) of mentioned support range and firstly sustaining beyond mentioned support range should be watched and this range will be most crucial for today and also for deciding next immediate moves otherwise quiet market between 4884-4960 expected today

Technical Analysis and Research For 01-06-2012

Nifty-Micro Analysis of 2 days Intra Day Chart(May 30 to May 31,20122)

Nifty-Intra Day Chart (May 30 to May 31,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 days intraday charts

1- Selling between 4960-4982
2- Support between 4884-4905
3- Whole day trading between 4884-4949

Conclusions from 2 days intra day chart analysis 

Following immediate supports and resistances were updated yesterday in Post-open Outlook

Next minor supports:

1- 4890
2- 4856

Next Resistances:

1- 4960-4982

Nifty traded most of the time between above mentioned 1st support and 1st resistance amid full of news flows on derivative expiry day.

All trends are down and Indian markets are in the stiff grip of Bears as well as multiple strong resistances at higher levels. It should be kept in mind that any sustained and decisive up move will be seen only after complete consolidations and rally confirmation will be minimum after sustaining above 1/2 resistances. Only Pull Back rallies may be seen after intraday or minor consolidations.

Last minutes sharp surge was only positive news based therefore following lines were told in  Pre-Closing Outlook yesterday:-

"Indian Rupee good recovery also triggered intraday up moves today therefore confirmations are also required through sustaining above 4960 for any decisive up moves"

Pre-open Outlook(01-06-2012)

Asian markets are weak today morning after negative US Futures today morning therefore sentiment is depressed and weak opening will be seen. As Nifty survived above 4884 after most disappointing GDP data therefore yesterday Supports(4884-4905) should be firstly watched and follow up buying/selling today will decide next immdiate intraday moves.

Sustaining below 4884 will mean testing of following supports:-

1- 4789-4860
2- 4635-4663
3- 4602-4624
4- 4560-4590

As market require complete consolidations for any sustaining move above 4960 therefore let market consolidate then such up moves will be considered.

FII Trading Data in Derivatives Segment on 31-May-2012

FII & DII trading activity in Capital Market Segment on 31-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 31-May-2012 6379.64 7045.4 -665.76

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 31-May-2012 1323.22 1589.6 -266.38

Nifty Spot-Levels & Trading Strategy for 01-06-2012

Nifty Spot-Levels

R3 5020
R2 4984
R1 4954
Avg 4918
S1 4888
S2 4852
S3 4822

Nifty Spot-Trading Strategy

H6 4990     Trgt 2
H5 4975     Trgt 1
H4 4960     Long breakout
H3 4942     Go Short
H2 4936
H1 4930
L1 4917
L2 4911
L3 4905     Long
L4 4887     Short Breakout
L5 4872     Trgt 1
L6 4857     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 01-06-2012

Nifty(Jun Fut)-Levels

R3 4989
R2 4960
R1 4940
Avg 4911
S1 4891
S2 4862
S3 4842

Nifty(Jun Fut)-Trading Strategy

H6 4970     Trgt 2
H5 4959     Trgt 1
H4 4947     Long breakout
H3 4934     Go Short
H2 4929
H1 4925
L1 4916
L2 4912
L3 4907     Long
L4 4894     Short Breakout
L5 4882     Trgt 1
L6 4871     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 01-06-2012

Bank Nifty(Jun Fut)-Levels

R3 9646
R2 9545
R1 9479
Avg 9378
S1 9312
S2 9211
S3 9145

Bank Nifty(Jun Fut)-Trading Strategy

H6 9582     Trgt 2
H5 9543     Trgt 1
H4 9504     Long breakout
H3 9458     Go Short
H2 9443
H1 9428
L1 9397
L2 9382
L3 9367     Long
L4 9321     Short Breakout
L5 9282     Trgt 1
L6 9243     Trgt 2

Pre-Closing Outlook(31-05-2012)

Sentiment was already depressed after big down in Global markets but it sparked after most depressing GDP data. Intra day supports at lower levels today and after that without force up moves were also seen because Dow Futures also moved up from -20 to +59 and all the European markets are trading with more than .60% gains.

Indian Rupee good recovery also triggered intraday up moves today therefore confirmations are also required through sustaining above 4960 for any decisive up moves.

GDP growth at 5.3% in FYQ4 and it is 9-yr low

As sentiment turned  nervous and most markets become sellers after such discouraging news therefore market did not moved down and minor up moves seen for short covering of news generated selling of general traders.

As last 2 sesions good selling at higher levels therefore market requires complete consilidations for any decisive up moves and let it happen then any up move will be considered.

Nifty is hovering around 4900 today and expiry is expected near about it.

Post-open Outlook-3(31-05-2012)

GDP announcement today and as per news channels GDP may be below 6% but let it declare first and volatility possibility should be kept in mind.  Finally settling direction of market will form next immediate trend.

Post-open Outlook-2(31-05-2012)

Intra day selling patterns at higher levels confirmations today.

Post-open Outlook(31-05-2012)

Following possibility was told yesterday in Pre-Closing Outlook

"expiry near 4900"

Nifty is hovering around 4900 since opening today and closing on Expiry will depend on following technical positions which are as follows:

Next minor supports:

1- 4890
2- 4856

Next Resistances:

1- 4960-4982

As intra day good selling abbove 4960 yesterday therefore expiry will not be above it but supports at lower levels are not much strong therefore follow up selling near 4900 will mean slipping and today closing possibility near above mentioned supports.

Let market prepare for next positions then will be updated according to intra day charts formations.

Technical Analysis & Market Outlook(31-05-2012)

Nifty-Micro Analysis of Intra Day Chart For 31-05-2012

Nifty-Intra Day Chart (30-May-2012):-

Just click on chart for its enlarged view

Technical Analysis & Market Outlook(31-05-2012)

Technical Patterns and Formations in today intraday charts

1- Selling between 4960-4982
2- Whole day trading between 4945-4982

Conclusions from intra day chart analysis 

As intraday selling patterns above 4960 therefore expected that Nifty will slip below 4960 and retesting of following supports will be seen in the coming sessions:-

1- 4789-4860
2- 4635-4663
3- 4602-4624
4- 4560-4590

FII Trading Data in Derivatives Segment on 30-May-2012

FII & DII trading activity in Capital Market Segment on 30-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 30-May-2012 2192.44 2203.18 -10.74

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-May-2012 558.13 740.74 -182.61

Indian Stock Markets Closing Reports(30-May-2012)

Main features of today trading are as follows

1- Gap down opening after depressing global cues.
2- Black Candle formation.
3- All the Benchmark Indices closed in Red.

Ratios

Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(30-May-2012):16.75

Advances & Declines

BSE Advances :  996
BSE Declines : 1721
NSE Advances :  396
NSE Declines : 1032

Nifty Open Interest Changed Today

Nifty- 4800 CE(May)- -93500(-9.50%)
Nifty- 4800 PE(May)- +145250(+1.89%)

Nifty- 4900 CE(May)- +267250(+9.94%)
Nifty- 4900 PE(May)- -342800(-5.00%)

Nifty- 5000 CE(May)- +648350(+11.49%)
Nifty- 5000 PE(May)- -923150(-23.13%)

Closing 

Nifty- closed at 4,950.75(-39.35 Points & -0.79%)
Sensex- closed at 16,312.15(-126.43 Points & -0.77% )
CNX Midcap - closed at 6,883.35(-112.85 Points & -1.61%)
BSE SMLcap- closed at 6,307.15(-77.22 Points & -1.21%)