Bank Nifty(Aug Fut)-Levels & Trading Strategy for 27-07-2012

Bank Nifty(Aug Fut)-Levels

R3 10497
R2 10415
R1 10283
PIVOT 10201
S1 10069
S2 9987
S3 9855

Bank Nifty(Aug Fut)-Trading Strategy

H6 10365     Trgt 2
H5 10317     Trgt 1
H4 10268     Long breakout
H3 10209     Go Short
H2 10190
H1 10170
L1 10131
L2 10111
L3 10092     Long
L4 10033     Short Breakout
L5  9984    Trgt 1
L6  9936    Trgt 2

Pre-Closing Outlook(26-07-2012)

Although down moves started after 02:00 PM today but following line was told at 11:28:00 AM in Mid-session Outlook:-

"Intraday charts have started to show selling signals"

Our last 3 days all the outlooks are live proofs of this fact that we projected only down moves.

Correction is continued and and let down moves stop then Pull Back rally will be considered.

NIFTY-Jun F&O-1st Shorting of 26-07-2012-Covering

NIFTY Aug F&O(Sold on 26-07-2012)-Cover and book profit immediately-CMP-5085(Lalit39)

NIFTY-Aug F&O-1st Selling of 26-07-2012-Trade

NIFTY-Aug Fut-Sell(Positional)-SL-5141 & TGT-5066-CMP-5107(Lalit39)

NIFTY-Aug Put Option(5000,5100)-Buy(Positional)-SL-5141 & TGT-5066(Aug Fut-Rates are for all Options covering)-CMP-5107(Lalit39)

Mid-session Outlook(26-07-2012)

Nifty traded last  more than 3 hours trading between 5098-5119 with mixed intraday patterns yesterday and trading within this range since opening today. Following lines were told today at 08:38:00 AM:-

"Indian markets are not prepared for any side decisive moves and will  firstly trade and prepare for next moves between 5077-5144 as well as sustaining beyond this range will be next moves confirmations"

Intraday charts have started to show selling signals and sustaining below 5093 will be next down moves strong indication.

Nifty-Micro Analysis of Intra Day Chart For 26-07-2012

Nifty-Intra Day Chart (25-Jul-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5077-5095
2- Last more than 3 hours trading between 5098-5119
3- Whole day trading between 5077-5121

Conclusions from intra day chart analysis 

Confirm intraday support between 5077-5095 but last more than 3 hours trading with intraday mixed patterns therefore Indian markets are not prepared for any side decisive moves and will  firstly trade and prepare for next moves between 5077-5144 as well as sustaining beyond this range will be next moves confirmations.

As huge selling in the the beginning of July and 16 sessions range broken down therefore until complete consolidation will not happen till then any decisive up move will not be considered and bearish views are still maintained which were expressed in following topic on 24-07-2012:-

Huge Island Reversal Pattern & Correction

Indian Stock Markets Closing Reports(25-Jul-2012)

Main features of today trading are as follows

1- All the benchmark indices closed in Red.
2- Bullish Hammer Candle formations.
3- Closing near the highs of the day after lower levels support.

Ratios

Nifty Put Call Ratio: 16.80
Nifty P/E Ratio(25-Jul-2012):0.91

Advances & Declines

BSE Advances : 1038
BSE Declines : 1758
NSE Advances :  457
NSE Declines :  975

Nifty Open Interest Changed Today

Nifty- 5000 CE(Jul)- +78050(+11.48%)
Nifty- 5000 PE(Jul)- +254450(+3.18%)

Nifty- 5100 CE(Jul)- -14850(-0.43%)
Nifty- 5100 PE(Jul)- -948600(-13.98%)

Nifty- 5200 CE(Jul)- +783550(+10.86%)
Nifty- 5200 PE(Jul)- -1330550(-38.21%)

Closing 

Nifty- closed at 5,109.60(-18.60 Points & -0.36%)
Sensex- closed at 16,846.05(-72.03 Points & -0.43% )
CNX Midcap - closed at 7,210.80(-52.05 Points & -0.72%)
BSE SMLcap- closed at 6,555.87(-52.13 Points & -0.79%)

FII Trading Data in Derivatives Segment on 25-Jul-2012

FII & DII trading activity in Capital Market Segment on 25-Jul-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 25-Jul-2012 1760.39 2132.6 -372.21

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 25-Jul-2012 1012.3 1022.77 -10.47

Nifty Spot-Levels & Trading Strategy for 26-07-2012

Nifty Spot-Levels

R3 5173
R2 5147
R1 5128
Avg 5102
S1 5083
S2 5057
S3 5038

Nifty Spot-Trading Strategy

H6 5154     Trgt 2
H5 5144     Trgt 1
H4 5133     Long breakout
H3 5121     Go Short
H2 5117
H1 5113
L1 5104
L2 5100
L3 5096     Long
L4 5084     Short Breakout
L5 5073     Trgt 1
L6 5063     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 26-07-2012

Nifty(Jul Fut)-Levels

R3 5180
R2 5153
R1 5132
Avg 5105
S1 5084
S2 5057
S3 5036

Nifty(Jul Fut)-Trading Strategy

H6 5160     Trgt 2
H5 5149     Trgt 1
H4 5138     Long breakout
H3 5125     Go Short
H2 5120
H1 5116
L1 5107
L2 5103
L3 5098     Long
L4 5085     Short Breakout
L5 5074     Trgt 1
L6 5063     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 26-07-2012

Bank Nifty(Jul Fut)-Levels

R3 10494
R2 10435
R1 10362
Avg 10303
S1 10230
S2 10171
S3 10098

Bank Nifty(Jul Fut)-Trading Strategy

H6 10421     Trgt 2
H5 10391     Trgt 1
H4 10361    Long breakout
H3 10325     Go Short
H2 10313
H1 10301
L1 10276
L2 10264
L3 10252    Long
L4 10216     Short Breakout
L5 10186     Trgt 1
L6 10156     Trgt 2

Pre-Closing Outlook(25-07-2012)

Only Bearish moves are being projected for the last 3 days and down moves are being seen also but intraday support seen between 5077-5095 today therefore sustaining above 5095 is must for any decisive up move first indication.

Follow up consolidations and sustaining above 5144 is must for first signal of correction completion. Although Bullish Hammer candle formation today but expected that finally correction will remain continued after follow up selling in the coming sessions.

Mid-session Outlook(25-07-2012)

Firstly 2 hours down moves and then minor up moves after intraday support between 5077-5095 today. As today support after mixed intraday patterns yesterday therefore sustaining above 5095  should be firstly watched now and correction completion will be considered above 5144.

Technical Analysis and Market Outlook(25-07-2012)

Nifty-Micro Analysis of Intra Day Chart For 
25-07-2012

Nifty-Intra Day Chart (24-Jul-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 5117-5139
2- Whole day trading between 5103-5144

Conclusions from intra day chart analysis 

Most of the time trading with mixed intraday patterns and closing between 5117-5139 with some volatility above and below this range yesterday. As no clear indication from intraday charts patterns was seen therefore following conclusive lines were told yesterday in Pre-Closing Outlook and being repeated today:-

Although Indian markets traded whole day in Green and also being cloed positive today but bearish views are still maintained which were expressed in following topic today:-

Huge Island Reversal Pattern & Correction

Indian Stock Markets Closing Reports(24-Jul-2012)

Main features of today trading are as follows

1- Green closing after whole day positive zone trading.
2- Doji candle formations.
3- Most of the time sideways trading.

Ratios

Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(24-Jul-2012): 16.86

Advances & Declines

BSE Advances : 1346
BSE Declines : 1434
NSE Advances :  675
NSE Declines :  746

Nifty Open Interest Changed Today

Nifty- 5000 CE(Jul)- -8100(-1.18%)
Nifty- 5000 PE(Jul)- -282950(-3.42%)

Nifty- 5100 CE(Jul)- +18350(+0.54%)
Nifty- 5100 PE(Jul)- +494550(+7.86%)

Nifty- 5200 CE(Jul)- +50550(+0.71%)
Nifty- 5200 PE(Jul)- +146100(+4.38%)

Closing 

Nifty- closed at 5,128.20(+10.25 Points & +0.20%)
Sensex- closed at 16,918.08(+40.73 Points & +0.24% )
CNX Midcap - closed at 7,262.85(+35.05 Points & +0.48%)
BSE SMLcap- closed at 6,608.00(+8.80 Points & +0.13%)

FII Trading Data in Derivatives Segment on 24-Jul-2012

FII & DII trading activity in Capital Market Segment on 24-Jul-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 24-Jul-2012 1547.31 1800.22 -252.91

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Jul-2012 1091.62 1052.39 39.23

Nifty Spot-Levels & Trading Strategy for 25-07-2012

Nifty Spot-Levels

R3 5188
R2 5166
R1 5147
Avg 5125
S1 5106
S2 5084
S3 5065

Nifty Spot-Trading Strategy

H6 5169     Trgt 2
H5 5159     Trgt 1
H4 5150     Long breakout
H3 5139     Go Short
H2 5135
H1 5131
L1 5124
L2 5120
L3 5116     Long
L4 5105     Short Breakout
L5 5096     Trgt 1
L6 5086     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 25-07-2012

Nifty(Jul Fut)-Levels

R3 5200
R2 5176
R1 5155
Avg 5131
S1 5110
S2 5086
S3 5065

Nifty(Jul Fut)-Trading Strategy

H6 5180     Trgt 2
H5 5170     Trgt 1
H4 5159     Long breakout
H3 5147     Go Short
H2 5143
H1 5139
L1 5130
L2 5126
L3 5122     Long
L4 5110     Short Breakout
L5 5100    Trgt 1
L6 5089     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 25-07-2012

Bank Nifty(Jul Fut)-Levels

R3 10510
R2 10444
R1 10386
Avg 10320
S1 10262
S2 10196
S3 10138

Bank Nifty(Jul Fut)-Trading Strategy

H6 10452     Trgt 2
H5 10424     Trgt 1
H4 10396    Long breakout
H3 10362     Go Short
H2 10350
H1 10339
L1 10316
L2 10305
L3 10293     Long
L4 10259     Short Breakout
L5 10231     Trgt 1
L6 10203     Trgt 2