Firstly watch 5200-5250 for Long Term Trend Fate

Nifty-Micro Analysis of Intra Day Chart For 

02-08-2012

Nifty-Intra Day Chart (01-Aug-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5213-5226
2- Selling between 5238-5246
3- Whole day trading between 5213-5246

Conclusions from intra day chart analysis 

Whole day narrow range trading within 33 points but both consolidations and distribution patterns therefore more preparations is required for next decisive moves near about today trading range.

Nifty is trading above long term trend decider 200-Day SMA and 200-Day EMA but selling patterns also seen within resistance range(5200-5250) today therefore all trends turning up confirmation is required through forceful break out or sustaining above 5250 for next up moves confirmations.

Firstly watch sustaining beyond 5200-5250 tomorrow for next trend confirmations because it will give confirmations to Long Term Trend fate.

FII Trading Data in Derivatives Segment on 01-Aug-2012

FII & DII trading activity in Capital Market Segment on 01-Aug-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 01-Aug-2012 2014.83 1573.38 441.45

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Aug-2012 813.64 986.61 -172.97

Indian Stock Markets Closing Reports(01-Aug-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Small White Candle.
3- Whole day narrow range moves.

Ratios

Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(01-Aug-2012): 17.13

Advances & Declines

BSE Advances : 1687
BSE Declines : 1150
NSE Advances :  945
NSE Declines :  489

Nifty Open Interest Changed Today

Nifty- 5000 CE(Aug)- -12,450 (-0.69%)
Nifty- 5000 PE(Aug)- 304,450 (3.71%)

Nifty- 5100 CE(Aug)- -287,700(-10.57%)
Nifty- 5100 PE(Aug)- 526,500(9.28%)

Nifty- 5200 CE(Aug)- -121,750(-2.95%)
Nifty- 5200 PE(Aug)- 1,146,600(30.31%)

Nifty- 5300 CE(Aug)- 114,400(2.76%)
Nifty- 5300 PE(Aug)- 249,450(12.21%)

Closing 

Nifty- closed at 5,240.50(11.50 Points & 0.22%)
Sensex- closed at 17,257.38(21.20 Points & 0.12% )
CNX Midcap - closed at 7,231.10(62.60 Points & 0.87%)
BSE SMLcap- closed at 6,520.30(72.41 Points & 1.12%)

Nifty Spot-Levels & Trading Strategy for 02-08-2012

Nifty Spot-Levels

R3 5287
R2 5266
R1 5253
Avg 5232
S1 5219
S2 5198
S3 5185

Nifty Spot-Trading Strategy

H6 5274     Trgt 2
H5 5266     Trgt 1
H4 5258     Long breakout
H3 5249     Go Short
H2 5246
H1 5243
L1 5236
L2 5233
L3 5230     Long
L4 5221     Short Breakout
L5 5213     Trgt 1
L6 5205     Trgt 2

Nifty Spot-Levels & Trading Strategy for 02-08-2012

Nifty Spot-Levels

R3 5287
R2 5266
R1 5253
Avg 5232
S1 5219
S2 5198
S3 5185

Nifty Spot-Trading Strategy

H6 5274     Trgt 2
H5 5266     Trgt 1
H4 5258     Long breakout
H3 5249     Go Short
H2 5246
H1 5243
L1 5236
L2 5233
L3 5230     Long
L4 5221     Short Breakout
L5 5213     Trgt 1
L6 5205     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 02-08-2012

Nifty(Aug Fut)-Levels

R3 5308
R2 5287
R1 5271
Avg 5250
S1 5234
S2 5213
S3 5197

Nifty(Aug Fut)-Trading Strategy

H6 5293     Trgt 2
H5 5284     Trgt 1
H4 5276     Long breakout
H3 5266     Go Short
H2 5262
H1 5259
L1 5252
L2 5249
L3 5245     Long
L4 5235     Short Breakout
L5 5227     Trgt 1
L6 5218     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 02-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10654
R2 10581
R1 10523
Avg 10450
S1 10392
S2 10319
S3 10261

Bank Nifty(Aug Fut)-Trading Strategy

H6 10597     Trgt 2
H5 10567     Trgt 1
H4 10537     Long breakout
H3 10501     Go Short
H2 10489
H1 10477
L1 10452
L2 10440
L3 10428     Long
L4 10392     Short Breakout
L5 10362     Trgt 1
L6 10332     Trgt 2

Pre-Closing Outlook(01-08-2012)

Narrow range whole day trading between 5213-5246 with lower levels minor supports and higher levels selling also therefore firstly break out of this range should be watched. As today trading range is within previous resistance range(5200-5250) therefore finally forceful break out or sustaining beyond mentioned resistance range will decide next trend.

Mid-session Outlook(01-08-2012)

Although Nifty is trading near the highs of today(at 5241) at this moment but selling signals emerging in last one hour intraday charts therefore view turned cautious and firstly previous resistance range(5200-5250) break out should be watched for next moves confirmations.

Post-open Outlook(01-08-2012)

As mixed intra day trading patterns were seen within 5204-5234 yesterday therefore following line was told today in Rally Continuation after correction Completion:-

"Nifty will firstly trade within yesterday Mixed Patterns range(5205-5234)"

Although Indian markets slipped from higher levels today but intraday patterns are showing consolidation signals and expected that finally on going rally will remain continued after follow up consolidations.

Rally Continuation after correction Completion

Nifty-EOD Chart (31-Jul-2012):-

Just click on chart for its enlarged view

Conclusions from EOD chart analysis 

Wave-3 is on after correction completion at 5032.40 on 26-07-2012. For detailed analysis of correction nature fust click following topic link and understand:-

Rally after correction completion above 5161

Nifty-Intra Day Chart (31-Jul-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5155-5186
2- Mixed Patterns between 5204-5234
3- Whole day trading between 5155-5234

Conclusions from intra day chart analysis 

Closing near intraday higher levels after good support at lower levels but last more than 1 hour trading with mixed patterns therefore consolidation is firstly required for moves above yesterday highs.

As whole day intraday chart pattern is showing consolidation formations therefore finally rally continuation is expected.

Conclusions (After Putting All Studies Together)

Rally is on after 'ABC' correction completion as well as getting supports at 200-Day SMA and 200-Day EMA. As yesterday intraday charts are also showing consolidation formation therefore no hurdle and on going rally continuation is expected but more consolidation is required because last hour mixed intraday patterns yesterday and at present trading within resistance range of 5200-5250.

Pre-open Outlook(01-08-2012)

All the Asian markets are in Red except SSEC after negative closing in US markets therefore sentiment is dampened today morning. As US and European markets intraday charts of yesterday  are showing selling formations therefore weakness is expected in US and European markets today and sentiment may remain depressed tomorrow also.

Expected that Nifty will firstly trade within yesterday Mixed Patterns range(5205-5234) and finally on going rally will remain continued after follow up consolidations in the coming sessions.  

Indian Stock Markets Closing Reports(31-07-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- White Candle.
3- Closing near higher levels after lower levels supports.

Ratios

Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(31-07-2012): 17.09

Advances & Declines

BSE Advances : 1384
BSE Declines : 1342
NSE Advances :  741
NSE Declines :  658

Nifty Open Interest Changed Today

Nifty- 5000 CE(Aug)- -47050(-2.53%)
Nifty- 5000 PE(Aug)- -200900(-2.39%)

Nifty- 5100 CE(Aug)- -65500(-2.35%)
Nifty- 5100 PE(Aug)- 395250(7.49%)

Nifty- 5200 CE(Aug)- 220550(5.65%)
Nifty- 5200 PE(Aug)- 696400(22.56%)

Nifty- 5300 CE(Aug)- 220400(5.61%)
Nifty- 5300 PE(Aug)- 191650(10.35%)

Closing 

Nifty- closed at 5,229.00(29.20 Points & 0.56%)
Sensex- closed at 17,236.18(92.50 Points & 0.54% )
CNX Midcap - closed at 7,168.50(28.45 Points & 0.40%)
BSE SMLcap- closed at 6,447.89(8.10 Points & 0.13%)

FII & DII trading activity in Capital Market Segment on 31-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 31-Jul-2012 2940.75 2060.79 879.96

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 31-Jul-2012 827.81 1321.29 -493.48

Nifty Spot-Levels & Trading Strategy for 01-08-2012

Nifty Spot-Levels

R3 5337
R2 5285
R1 5257
PIVOT 5205
S1 5177
S2 5125
S3 5097

Nifty Spot-Trading Strategy

H6 5310     Trgt 2
H5 5291     Trgt 1
H4 5273     Long breakout
H3 5251     Go Short
H2 5243
H1 5236
L1 5221
L2 5214
L3 5207     Long
L4 5185     Short Breakout
L5 5166     Trgt 1
L6 5147     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2012

Nifty(Aug Fut)-Levels

R3 5347
R2 5297
R1 5268
PIVOT 5218
S1 5189
S2 5139
S3 5110

Nifty(Aug Fut)-Trading Strategy

H6  5320    Trgt 2
H5  5301    Trgt 1
H4  5283    Long breakout
H3  5261    Go Short
H2  5254
H1  5247
L1  5232
L2  5225
L3  5218    Long
L4  5196    Short Breakout
L5  5178    Trgt 1
L6  5159    Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10761
R2 10637
R1 10536
PIVOT 10412
S1 10311
S2 10187
S3 10086

Bank Nifty(Aug Fut)-Trading Strategy

H6  10663    Trgt 2
H5  10610    Trgt 1
H4  10558    Long breakout
H3  10496    Go Short
H2  10476
H1  10455
L1  10414
L2  10393
L3  10373    Long
L4  10311    Short Breakout
L5  10259    Trgt 1
L6  10206    Trgt 2

Pre-Closing Outlook(31-07-2012)

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).

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.

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.