Mid-session Outlook(06-06-2012)

Next 2 resistances are as follows;-

1- 4960-4982
2- 5002-5020

As both resistances are sufficiently strong and Nifty is trading just below as well as within 1st resistance range and firstly watch sustaining beyond both above resistance ranges for next immediate moves confirmations

Today intraday charts are showing consolidations formations therefore break out above 5020 is expected in the coming sessions.

Post-open Outlook(06-06-2012)

Indian markets are up today but when markets were near the lower levels then up moves possibilities were told in following lines yesterday in Pre-Closing Outlook(05-06-2012):-

Although Indian markets lost almost all intraday gains and trading near the lower levels of the day at this moment but intraday consolidation patterns are also visible therefore up moves possibilities are still alive after more consolidations in the coming sessions.

Up moves were started on 04-06-2012 after double bottom supports and more than 3 hours good consolidation therefore Pull Back Rally continuation is expected after higher levels consolidations.

Detailed analysis with EOD chart has already been updated with EOD chart has already been updated yesterday in following topic:-

Bounce Back after Double Bottom Support

Technical Analysis and Research For 06-06-2012

Nifty-Micro Analysis of 2 Sessions Intra Day Chart(Jun 04 and Jun 05,2012)

Nifty-Intra Day Chart (Jun 04 and Jun 05,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intra day charts

1- Good consolidations and support between 4771-4797 on 04-06-2012
2- Selling between 4884-4898 on 05-06-2012.

Conclusions from 2 Sessions intra day chart analysis 

Both intraday consolidations at lower levels and selling at higher levels in last 2 sessions therefore coming sessions trading and preparations next moves will be seen within 4771-4898 and sustaining beyond this range will be next decisive strong moves confirmations.

Following conclusions being repeated today which were updated in Pre-Closing Outlook yesterday:-

Although Indian markets lost almost all intraday gains and trading near the lower levels of the day at this moment but intraday consolidation patterns are also visible therefore up moves possibilities are still alive after more consolidations in the coming sessions.

FII Trading Data in Derivatives Segment on 05-Jun-2012

FII & DII trading activity in Capital Market Segment on 05-Jun-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-Jun-2012 1193.74 1874.6 -680.86

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Jun-2012 1400.18 605.53 794.65

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

Nifty Spot-Levels

R3 4942
R2 4920
R1 4891
Avg 4869
S1 4840
S2 4818
S3 4789

Nifty Spot-Trading Strategy

H6 4914     Trgt 2
H5 4902     Trgt 1
H4 4891     Long breakout
H3 4877     Go Short
H2 4872
H1 4867
L1 4858
L2 4853
L3 4848     Long
L4 4834     Short Breakout
L5 4823     Trgt 1
L6 4811     Trgt 2

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

Nifty(Jun Fut)-Levels

R3 4931
R2 4904
R1 4875
Avg 4848
S1 4819
S2 4792
S3 4763

Nifty(Jun Fut)-Trading Strategy

H6 4902     Trgt 2
H5 4889     Trgt 1
H4 4876     Long breakout
H3 4861     Go Short
H2 4856
H1 4851
L1 4840
L2 4835
L3 4830     Long
L4 4815     Short Breakout
L5 4802     Trgt 1
L6 4789     Trgt 2

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

Bank Nifty(Jun Fut)-Levels

R3 9658
R2 9573
R1 9481
Avg 9396
S1 9304
S2 9219
S3 9127

Bank Nifty(Jun Fut)-Trading Strategy

H6 9567     Trgt 2
H5 9526     Trgt 1
H4 9486     Long breakout
H3 9437     Go Short
H2 9421
H1 9405
L1 9372
L2 9356
L3 9340     Long
L4 9291    Short Breakout
L5 9251     Trgt 1
L6 9210     Trgt 2

Pre-Closing Outlook(05-06-2012)

Intraday selling patterns between 4884-4898 after good consolidations between  4771-4797 yesterday therefore next moves preparations will be seen within these two ranges.

Although Indian markets lost almost all intraday gains and trading near the lower levels of the day at this moment but intraday consolidation patterns are also visible therefore up moves possibilities are still alive after more consolidations in the coming sessions.

Bounce Back after Double Bottom Support

Technical Analysis and Research For 05-06-2012

Nifty-EOD Chart (04-Jun-2012):-

Add capt Just click on chart for its enlarged view  ion

Technical Patterns and Formations in EOD charts

1- B1-4788.95 on 18-05-2012
2- B2-4770.35 on 04-06-2012
3- Double Bottom Support

Nifty-Intra Day Chart (04-Jun-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intra day charts

1- Good consolidations and support between 4771-4797
2- Last 3 hours up moves with consolidations.
3- Whole day trading between 4771-4858

Conclusions (After Putting All Studies Together)

Firstly double bottom supports and after that more than 3 hours good consolidation are certainly positive for Bulls as well as generated rays of Pull Back Rally hopes. Market require sufficient selling patterns for breaking down yesterday built supports and until that will not happen till then next down moves will not be considered. As up moves begun yesterday therefore firstly next resistances should be watched:-

Next resistances are as follows;-

1- 4890-4920
2- 4960-4982
3- 5002-5020

Next supports of this rally are as follows:- 

1- 4771-4797(Double Bottom supports within this range)
2- 4635-4663
3- 4602-4624
4- 4560-4590

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(Double Bottom support just below)
78.6%- 4765(Double Bottom support just above)
88.6%- 4656

Although multiple resistances at higher levels and continuous consolidations are required for up moves but good intra day supports and consolidations yesterday therefore up moves continuations are expected in the coming sessions.

Indian Stock Markets Closing Reports(04-Jun-2012)

Main features of today trading are as follows

1- Long white candle.
2- Bench mark Indices closed flat to Green but Midcap and SMLcap cloed in Red.
2- Closing near the highs of the day.

Ratios

Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(04-Jun-2012): 16.28

Advances & Declines

BSE Advances : 1167
BSE Declines : 1502
NSE Advances :  596
NSE Declines :  826

Nifty Open Interest Changed Today

Nifty- 4700 CE(Jun)- +153050(+15.29%)
Nifty- 4700 PE(Jun)- +736550(+18.92%)

Nifty- 4800 CE(Jun)- +360600(+15.51%)
Nifty- 4800 PE(Jun)- +118850(+2.23%)

Nifty- 4900 CE(Jun)- +273500(+7.87%)
Nifty- 4900 PE(Jun)- -338300(-9.09%)

Nifty- 5000 CE(Jun)- +152250(+3.15%)
Nifty- 5000 PE(Jun)- +59950(+2.56%)

Closing 

Nifty- closed at 4,848.15(+6.55 Points & +0.14%)
Sensex- closed at 15,988.40(+23.24 Points & +0.15% )
CNX Midcap - closed at 6,769.75(-15.60 Points & -0.23%)
BSE SMLcap- closed at 6,180.43(-14.01 Points & -0.23%)

FII Trading Data in Derivatives Segment on 04-Jun-2012

FII & DII trading activity in Capital Market Segment on 04-Jun-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Jun-2012 1492.85 2129.99 -637.14

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Jun-2012 1102.98 656.75 446.23

Nifty Spot-Levels & Trading Strategy for 05-06-2012

Nifty Spot-Levels

R3 4968
R2 4913
R1 4880
Avg 4825
S1 4792
S2 4737
S3 4704

Nifty Spot-Trading Strategy

H6 4937     Trgt 2
H5 4916     Trgt 1
H4 4896     Long breakout
H3 4872     Go Short
H2 4864
H1 4856
L1 4839
L2 4831
L3 4823    Long
L4 4799     Short Breakout
L5 4779     Trgt 1
L6 4758     Trgt 2

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.