As intraday consolidations patterns today threfore expected that on going rally will remain continued in the coming sessions after some more consolidations within resistance range(5200-5250).
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook-2(31-07-2012)
When no good news from RBI Credit Policy and Indian markets were trading at the lower levels of the day then following line was told in Mid-session Outlook at 12:12 PM today:-
Let on going correction complete then fresh up moves will be seen.
Indian markets moved up according to our expectations and new intraday high formed at 5221.25. Intraday supports at lower levels today and now trading between resistance range(5200-5250) but expected that rally will remain continued after follow up consolidations.
Let on going correction complete then fresh up moves will be seen.
Indian markets moved up according to our expectations and new intraday high formed at 5221.25. Intraday supports at lower levels today and now trading between resistance range(5200-5250) but expected that rally will remain continued after follow up consolidations.
Mid-session Outlook(31-07-2012)
When Indian markets were trading near the top of the day then within first 6 minutes we cautioned and told following words:-
Positive opening but not strong
we were not expecting any up move today therefore we updated following topic yesterday:-
Rally continuation after 1/2 Sessions Consolidations
It is consolidation day today and market is correcting yesterday good up moves. Let on going correction complete then fresh up moves will be seen.
Positive opening but not strong
we were not expecting any up move today therefore we updated following topic yesterday:-
Rally continuation after 1/2 Sessions Consolidations
It is consolidation day today and market is correcting yesterday good up moves. Let on going correction complete then fresh up moves will be seen.
Post-open Outlook(31-07-2012)
Positive opening but not strong and firstly sustaining beyond 5200 should be watched for next moves confirmations.
RBI Credit Policy today and volatility can not be ruled out. Nifty is trading between resistance range(5200-5250) and complete consolidation is required for decisive up moves above 5250.
RBI Credit Policy today and volatility can not be ruled out. Nifty is trading between resistance range(5200-5250) and complete consolidation is required for decisive up moves above 5250.
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 |
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:-
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%)
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 & DII trading activity in Capital Market Segment on 30-Jul-2012
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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
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
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
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.
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 |
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 |
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%)
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 & DII trading activity in Capital Market Segment on 27-Jul-2012
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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
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
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
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
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