Rally continuation after 1/2 Sessions Consolidations

Technical Analysis and Research For 31-07-2012

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5149-5159 
2- Consolidation between 5171-5184
3- Long White Marubozu Candle formation
4- Whole day trading between 5138-5205

Conclusions from intra day chart analysis 

Trend reversal confirmation through forceful break out today after 'ABC' correction completion and getting support at 200-Day SMA/200-Day EMA. 

Above line has not been told after strong up moves today but when Indian markets were trading at lower levels between 5149-5159 then following line was told today at 11:15:00 AM in Mid-session Outlook(30-07-2012):- 

"As intraday patterns are showing buying signals therefore break out above 5161 possibilities are turning higher now"

Very short term indicators are overbought today and sentiment is heated as well as resistances between 5200-5258 also therefore Indian markets may be range bound in the coming 1/2 sessions but expected that finally on going rally will remain continued after fresh consolidations.

Just click following Topic link for understanding EOD Chart analysis also:-

Rally after correction completion above 5161

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

Main features of today trading are as follows

1- Green closing
2- White Candle.
3- All the Indices closed in Green.

Ratios

Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(30-Jul-2012): 17.00

Advances & Declines

BSE Advances : 1604
BSE Declines : 1164
NSE Advances :  952
NSE Declines :  494

Nifty Open Interest Changed Today

Nifty- 5000 CE(Aug)- -74800(-3.87%)
Nifty- 5000 PE(Aug)- 216700(2.65%)

Nifty- 5100 CE(Aug)- -250500(-8.24%)
Nifty- 5100 PE(Aug)-  653750(14.14%)

Nifty- 5200 CE(Aug)- -55700(-1.36%)
Nifty- 5200 PE(Aug)- 1089250(53.01%)

Nifty- 5300 CE(Aug)- -76500(-1.91%)
Nifty- 5300 PE(Aug)-  169750(10.09%)

Closing 

Nifty- closed at 5,199.80(99.95 Points & 1.96%)
Sensex- closed at 17,143.68(304.49 Points & 1.81%) )
CNX Midcap - closed at 7,140.05(116.30 Points & 1.66%)
BSE SMLcap- closed at 6,439.79(60 82 Points & 1.29%)

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

FII & DII trading activity in Capital Market Segment on 30-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 30-Jul-2012 2446.4 1517.45 928.95

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-Jul-2012 882.49 1116.21 -233.72

Nifty Spot-Levels & Trading Strategy for 31-07-2012

Nifty Spot-Levels

R3 5304
R2 5255
R1 5227
PIVOT 5178
S1 5150
S2 5101
S3 5073

Nifty Spot-Trading Strategy

H6 5277     Trgt 2
H5 5259     Trgt 1
H4 5241     Long breakout
H3 5220     Go Short
H2 5213
H1 5206
L1 5191
L2 5184
L3 5177     Long
L4 5156     Short Breakout
L5 5138     Trgt 1
L6 5120     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 31-07-2012

Nifty(Aug Fut)-Levels

R3 5345
R2 5284
R1 5250
PIVOT 5189
S1 5155
S2 5094
S3 5060

Nifty(Aug Fut)-Trading Strategy

H6 5312     Trgt 2
H5 5290     Trgt 1
H4 5268     Long breakout
H3 5242     Go Short
H2 5233
H1 5224
L1 5207
L2 5198
L3 5189     Long
L4 5163     Short Breakout
L5 5141     Trgt 1
L6 5119     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 31-07-2012

Bank Nifty(Aug Fut)-Levels

R3 10776
R2 10631
R1 10551
PIVOT 10406
S1 10326
S2 10181
S3 10101

Bank Nifty(Aug Fut)-Trading Strategy

H6 10701     Trgt 2
H5 10648     Trgt 1
H4 10595     Long breakout
H3 10533     Go Short
H2 10513
H1 10492
L1 10451
L2 10430
L3 10410     Long
L4 10348     Short Breakout
L5 10295     Trgt 1
L6 10242     Trgt 2

Pre-Closing Outlook(30-07-2012)

As consolidation patterns formations and buying signals generstion in intraday charts therefore possibility of moving above 5161 was told in all the 3 previous Outlooks today and Nifty is trading above 5161 for the last 2 hours.

Technically Indian markets are well prepared for a strong rally after 'ABC' correction completion as well as getting support at 200-Day SMA.

Mid-session Outlook-2(30-07-2012)

As most time trading between 5149-5159 with intraday consolidation patterns in last 3 hours today therefore break out above 5161 possibilities are turning higher also but confirmation is must through sustaining above 5161(200-Day EMA) because it will be confirmation of Long Term trend survival also.

Mid-session Outlook(30-07-2012)

Following line was told in Rally after correction completion above 5161 today:-

"firstly watch sustaining beyond 5149 and 5161 today"

Nifty traded most time between above mentioned range 5149-5159 today and firstly watch mentioned range.

As intraday patterns are showing buying signals therefore break out above 5161 possibilities are turning higher now.

Rally after correction completion above 5161

Technical Analysis and Research For 

30-07-2012

Nifty-EOD Chart (27-Jul-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 578 Points Rally.
2- 14 Sessions 'ABC' Correction.
3- 5 sessions hovering around 200 200-Day SMA and 200-Day EMA.
4- 200-Day SMA at 5103
5- 200-Day EMA at 5161

Conclusions from EOD chart analysis 

Intermediate and Short Term Trends are down and Long term trend is at stake because Nifty is hovering around its decider 200 200-Day SMA and 200-Day EMA.

Nifty-Micro Analysis of Intra Day Chart For 

30-07-2012

Nifty-Intra Day Chart (27-Jul-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5079-5105
2- Selling between 5137-5149
3- Whole day trading between 5079-5149

Conclusions from intra day chart analysis 

As both intraday buying and selling patterns therefore Next moves confirmations will be sustaining beyond whole day trading range(5079-5149) and should be firstly watched today for next moves confirmations.

Conclusions (After Putting All Studies Together)

14 Sessions 'ABC' Correction is on after 578 Points Rally and firstly correction completion confirmation is required through sustaining above 200-Day EMA(5161). As intraday support seen at lower levels on 27-07-2012 therefore fresh rally hopes are alive but firstly sustaining above 5149 is must today because intraday selling was also seen below it on 27-07-2012. 

Global cues are strong today morning therefore positive opening will be seen today and firstly watch sustaining beyond 5149 and 5161 today. Sustaining above 5161 will be fresh rally confirmation after 'ABC' Correction completion  at Long term trend decider 200-Day EMA/200-Day SMA.

Although multiple resistances above 5161 and consolidation is required before any up move but hopes of sustaining above 5161 is alive after lower levels support on 27-07-2012.

Indian Stock Markets Closing Reports(27-Jul-2012)

Main features of today trading are as follows

1- Benchmark indiced in Green except Smallcap.
2- Black Candle.
3- Strong Global cues led positive day.

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(27-Jul-2012): 16.68

Advances & Declines

BSE Advances : 1037
BSE Declines : 1738
NSE Advances :  476
NSE Declines :  965

Nifty Open Interest Changed Today

Nifty- 4900 CE(Aug)- +94050(+12.20%)
Nifty- 4900 PE(Aug)- +427450(+10.44%)

Nifty- 5000 CE(Aug)- +318750(+19.73)
Nifty- 5000 PE(Aug)- +1020100(+14.16%)

Nifty- 5100 CE(Aug)- +179450(+6.29%)
Nifty- 5100 PE(Aug)- +901600(+23.73%)

Nifty- 5100 CE(Aug)- +347300(+9.10%)
Nifty- 5100 PE(Aug)- +99250(+5.08%)

Closing 

Nifty- closed at 5,099.85(+56.85 Points & +1.13%)
Sensex- closed at 16,839.19(+199.37 Points & +1.20% )
CNX Midcap - closed at 7,023.75(-40.90 Points & -0.58%)
BSE SMLcap- closed at 6,357.60(-62.47 Points & -0.97%)

FII Trading Data in Derivatives Segment on 27-Jul-2012

FII & DII trading activity in Capital Market Segment on 27-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 27-Jul-2012 2812.53 2248.81 563.72

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Jul-2012 881.56 1136 -254.44

Nifty Spot-Levels & Trading Strategy for 30-07-2012

Nifty Spot-Levels

R3 5211
R2 5180
R1 5139
PIVOT 5108
S1 5067
S2 5036
S3 4995

Nifty Spot-Trading Strategy

H6 5171     Trgt 2
H5 5154     Trgt 1
H4 5138     Long breakout
H3 5118     Go Short
H2 5112
H1 5105
L1 5092
L2 5085
L3 5079     Long
L4 5059     Short Breakout
L5 5043     Trgt 1
L6 5026     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 30-07-2012

Nifty(Aug Fut)-Levels

R3 5253
R2 5216
R1 5169
PIVOT 5132
S1 5085
S2 5048
S3 5001

Nifty(Aug Fut)-Trading Strategy

H6 5207     Trgt 2
H5 5188     Trgt 1
H4 5169     Long breakout
H3 5146     Go Short
H2 5138
H1 5130
L1 5115
L2 5107
L3 5099     Long
L4 5076     Short Breakout
L5 5057     Trgt 1
L6 5038     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 30-07-2012

Bank Nifty(Aug Fut)-Levels

R3 10699
R2 10583
R1 10394
PIVOT 10278
S1 10089
S2 9973
S3 9784

Bank Nifty(Aug Fut)-Trading Strategy

H6  10512    Trgt 2
H5  10443    Trgt 1
H4  10373    Long breakout
H3  10289    Go Short
H2  10261
H1  10233
L1  10178
L2  10150
L3  10122   Long
L4  10038   Short Breakout
L5   9968    Trgt 1
L6   9899   Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jul 30 to Aug 03,2012)

Nifty Spot-Weekly Levels

R3 5296
R2 5230
R1 5164
PIVOT 5098
S1 5032
S2 4966
S3 4900

Nifty Spot-Weekly Trading Strategy

H6 5232     Trgt 2
H5 5202     Trgt 1
H4 5171     Long breakout
H3 5135     Go Short
H2 5123
H1 5111
L1 5086
L2 5074
L3 5062     Long
L4 5026     Short Breakout
L5 4995     Trgt 1
L6 4965     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Jul 30 to Aug 03,2012)

Bank Nifty Spot-Weekly Levels

R3 10688
R2 10545
R1 10342
PIVOT 10199
S1 9996
S2 9853
S3 9650

Bank Nifty Spot-Weekly Trading Strategy 

H6 10488     Trgt 2
H5 10409     Trgt 1
H4 10330     Long breakout
H3 10235     Go Short
H2 10203
H1 10171
L1 10108
L2 10076
L3 10044     Long
L4  9949     Short Breakout
L5  9870   Trgt 1
L6  9791    Trgt 2

Pre-Closing Outlook(27-07-2012)

Following lines were told for today market which proved 100% accurate:-

"market require complete consolidations to sustain above 5110 as well as sustaining it above is not expected despite whatsoever strong sentiment today"

Although Nifty wae more than 100 points above today and traded at 5149.95 also but could not sustain above 5110 and slipped to 5077.50

Nifty traded whole day within resistance range of 5092-5140 with mixed intraday patterns and consolidation also can not be ruled out despite slipping from intraday higher levels.

Next moves confirmations will be sustaining beyond today trading range in the brginning of next week and should be firstly watched on next Monday.

Mid-session Outlook(27-07-2012)

European Central Bank president Mano Draghi's following statement blasted all global markets:-

"The Central Bank would do whatever it takes to preserve Euro"

All the Asian markets are 1% to 2%  up except SSEC. Indian markets also responded strong global cues and and trading more than 1.5% up today.

As genuine selling between 5092-5110 yesterday therefore Nifty slipped below 5110 and consolidated before decisive up moves today.

Strong Global cues led rally and sustaining above 5110/5140 will be decisive rally confirmation after correction completion