Technical Analysis and Market Outlook(07-06-2012)

Nifty-Intra Day Chart (06-Jun-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day Rally only
2- Whole day trading between 4886-5010

Conclusions from intra day chart analysis 

Wole day rally yesterday but it was already projected much before its happening in last 2 days and Technical developments of such sharp suges with intraday and EOD charts were also explained in 5 topics. Just click following Topic link for live proofs of yesterday strong rally projections and for those topics links also in which EOD and intraday charts have been updated:-

5 Times Told For Up Moves and Pull Back Rally in last 2 Days

Pre-open Outlook(07-06-2012)

Blasting Global markets and testing of 200-Day SMA(today at 5065) will be seen after gap up opening today and sustaining it beyond will give confirmations to Intermediate and Long term trends which are already down. Trading above 200-Day SMA(5065) is expected in the coming sessions and sustaining above will mean be confirmation of trend reversal therefore will be firstly watched today.

Rally is expected after sustaining above 5065 but confirmation is also must and then next targets with resistances will be discussed.

Nifty Spot-Levels & Trading Strategy for 07-06-2012

Nifty Spot-Levels

R3 5166
R2 5088
R1 5042
PIVOT 4964
S1 4918
S2 4840
S3 4794

Nifty Spot-Trading Strategy

H6 5123     Trgt 2
H5 5094     Trgt 1
H4 5065     Long breakout
H3 5031     Go Short
H2 5019
H1 5008
L1 4985
L2 4974
L3 4962     Long
L4 4928     Short Breakout
L5 4899     Trgt 1
L6 4870     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 07-06-2012

Nifty(Jun Fut)-Levels

R3 5121
R2 5054
R1 5016
PIVOT 4949
S1 4911
S2 4844
S3 4806

Nifty(Jun Fut)-Trading Strategy

H6 5085     Trgt 2
H5 5060     Trgt 1
H4 5035     Long breakout
H3 5006     Go Short
H2 4997
H1 4987
L1 4968
L2 4958
L3 4949     Long
L4 4920    Short Breakout
L5 4895     Trgt 1
L6 4870     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 07-06-2012

Bank Nifty(Jun Fut)-Levels

R3 10002
R2 9847
R1 9759
PIVOT 9604
S1 9516
S2 9361
S3 9273

Bank Nifty(Jun Fut)-Trading Strategy

H6 9919     Trgt 2
H5 9862     Trgt 1
H4 9804    Long breakout
H3 9737     Go Short
H2 9715
H1 9693
L1 9648
L2 9626
L3 9604     Long
L4 9537     Short Breakout
L5 9479     Trgt 1
L6 9422     Trgt 2

FII Trading Data in Derivatives Segment on 06-Jun-2012

FII & DII trading activity in Capital Market Segment on 06-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 06-Jun-2012 3310.26 3041.05 269.21

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Jun-2012 1411.75 922.61 489.14

5 Times Told For Up Moves and Pull Back Rally in last 2 Days

Pre-Closing Outlook(06-06-2012)

Nifty is more than  3% up today and we told only up moves and Pull Back Rally in all the 5 Outlooks during last 2 days:-

1- In Bounce Back after Double Bottom Support on 05-06-2012:

"more than 3 hours good consolidation are certainly positive for Bulls as well as generated rays of Pull Back Rally hopes"

2- In Pre-Closing Outlook(05-06-2012) on 05-06-2012:

"intraday consolidation patterns are also visible therefore up moves possibilities are still alive" 

3- In Technical Analysis and Research For 06-06-2012 at 07:53 AM on 06-06-2012:

"intraday consolidation patterns are also visible therefore up moves possibilities are still alive" 


4- In  Post-open Outlook(06-06-2012) at 09:34 AM on 06-06-2012:

"Pull Back Rally continuation is expected after higher levels consolidations"

5- In Mid-session Outlook(06-06-2012) at 01:24 PM on 06-06-2012:

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

5020 was told and today intraday high is at 5010.45.

As short term trend is heated therefore some volatility possibility can not be ruled out yesterday and finally sustaining above 5020 will mean more up moves to test 200-day SMA and its possibility is very much alive.

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