Our all the Outlooks of previous and current week are live proofs of this fact that we were always Bullish on Indian markets and only Bullish Rally have been projected. As intraday sentiment turned heated therefore minor intraday correction may be seen but finally up moves will remain continued.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(07-08-2012)
As up moves continuation above 5300 after first half hour consolidations within yesterday trading range therefore on going rally will remain continued.
Detailed analysis have already been updated yesterday with EOD chart.
Detailed analysis have already been updated yesterday with EOD chart.
Blasting Rally above 5365 but after Follow Up Consolidations
Technical Analysis,Researches & Market Outlook
(07-08-2012)
Nifty-Intra Day Chart (06-Aug-2012):- |
| Just click on chart for its enlarged view |
1- Buying(support) between 5270-5282
2- Selling(resistance) between 5286-5293
3- Whole day trading between 5270-5293
Conclusions from intra day chart analysis
As whole day narrow range trading within 23 Nifty points with Lower levels buying and higher levels selling therefore market will firstly trade near about today trading range tomorrow and sustaining beyond today trading range will be next decisive move confirmation.
Nifty-EOD Chart(06-Aug-2012):-
 |
| Just click on chart for its enlarged view |
Strong Resistance between 5300-5365 and Nifty traded whole day today between 5270-5293 which is just below mentioned strong resistance range. As intraday selling patterns are also seen between 23 Nifty points narrow range therefore until complete consolidation will not be seen below 5300 and between above mentioned resistance range till then Nifty will not cross 5365.
Conclusions (After Putting All Studies Together)
As both intraday buying and selling patterns today therefore Indian markets are equally poised today for any side moves and today trading range forceful break out or sustaining beyond will pave the way of next trend.
All trends are up but follow up consolidations are must for crossing and sustaining above mentioned resistance ranges. As lower levels consolidations also seen today therefore on going rally continuation hopes are alive but next up moves may also be slow between 5300-5365.
Inverted Head and Shoulders like formations are also being developed and its confirmations will be above 5365(Neckline). Sustaining above 5365 will be confirmation of strong resistance crossing and huge Inverted Head and Shoulders formation which will result strong,blasting and fast moves.
Indian Stock Markets Closing Reports(06-Aug-2012)
Main features of today trading are as follows
1- Green closing after big gap up opening.
2- White Candle formation.
3- Range bound trading in positive zone.
Ratios
Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(06-Aug-2012): 17.25
Advances & Declines
BSE Advances : 1672
BSE Declines : 1170
NSE Advances : 900
NSE Declines : 544
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -300,150(-17.48%)
Nifty- 5000 PE(Aug)- 80,450(0.78%)
Nifty- 5100 CE(Aug)- -208,100(-9.13%)
Nifty- 5100 PE(Aug)- 249,400(3.82%)
Nifty- 5200 CE(Aug)- -565,350(-13.51%)
Nifty- 5200 PE(Aug)- 256,150(5.12%)
Nifty- 5300 CE(Aug)- 298,800(5.61%)
Nifty- 5300 PE(Aug)- 1,361,450 (52.19%)
Nifty- 5400 CE(Aug)- 1,033,200(16.84%)
Nifty- 5400 PE(Aug)- 331,100(39.70%)
Closing
Nifty- closed at 5,282.55(66.85 Points & 1.28%)
Sensex- closed at 17,412.96(215.03 Points & 1.25% )
CNX Midcap - closed at 7,287.20(42.30 Points & 0.58%)
BSE SMLcap- closed at 6,597.21(51.51 Points & 0.79%)
1- Green closing after big gap up opening.
2- White Candle formation.
3- Range bound trading in positive zone.
Ratios
Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(06-Aug-2012): 17.25
Advances & Declines
BSE Advances : 1672
BSE Declines : 1170
NSE Advances : 900
NSE Declines : 544
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -300,150(-17.48%)
Nifty- 5000 PE(Aug)- 80,450(0.78%)
Nifty- 5100 CE(Aug)- -208,100(-9.13%)
Nifty- 5100 PE(Aug)- 249,400(3.82%)
Nifty- 5200 CE(Aug)- -565,350(-13.51%)
Nifty- 5200 PE(Aug)- 256,150(5.12%)
Nifty- 5300 CE(Aug)- 298,800(5.61%)
Nifty- 5300 PE(Aug)- 1,361,450 (52.19%)
Nifty- 5400 CE(Aug)- 1,033,200(16.84%)
Nifty- 5400 PE(Aug)- 331,100(39.70%)
Closing
Nifty- closed at 5,282.55(66.85 Points & 1.28%)
Sensex- closed at 17,412.96(215.03 Points & 1.25% )
CNX Midcap - closed at 7,287.20(42.30 Points & 0.58%)
BSE SMLcap- closed at 6,597.21(51.51 Points & 0.79%)
FII & DII trading activity in Capital Market Segment on 06-Aug-2012
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Nifty Spot-Levels & Trading Strategy for 07-08-2012
Nifty Spot-Levels
R3 5329
R2 5311
R1 5296
Avg 5278
S1 5263
S2 5245
S3 5230
Nifty Spot-Trading Strategy
H6 5315 Trgt 2
H5 5307 Trgt 1
H4 5300 Long breakout
H3 5291 Go Short
H2 5288
H1 5285
L1 5278
L2 5275
L3 5272 Long
L4 5263 Short Breakout
L5 5256 Trgt 1
L6 5248 Trgt 2
R3 5329
R2 5311
R1 5296
Avg 5278
S1 5263
S2 5245
S3 5230
Nifty Spot-Trading Strategy
H6 5315 Trgt 2
H5 5307 Trgt 1
H4 5300 Long breakout
H3 5291 Go Short
H2 5288
H1 5285
L1 5278
L2 5275
L3 5272 Long
L4 5263 Short Breakout
L5 5256 Trgt 1
L6 5248 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 07-08-2012
Nifty(Aug Fut)-Levels
R3 5341
R2 5325
R1 5310
Avg 5294
S1 5279
S2 5263
S3 5248
Nifty(Aug Fut)-Trading Strategy
H6 5327 Trgt 2
H5 5320 Trgt 1
H4 5313 Long breakout
H3 5304 Go Short
H2 5301
H1 5298
L1 5293
L2 5290
L3 5287 Long
L4 5278 Short Breakout
L5 5271 Trgt 1
L6 5264 Trgt 2
R3 5341
R2 5325
R1 5310
Avg 5294
S1 5279
S2 5263
S3 5248
Nifty(Aug Fut)-Trading Strategy
H6 5327 Trgt 2
H5 5320 Trgt 1
H4 5313 Long breakout
H3 5304 Go Short
H2 5301
H1 5298
L1 5293
L2 5290
L3 5287 Long
L4 5278 Short Breakout
L5 5271 Trgt 1
L6 5264 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 07-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10950
R2 10842
R1 10684
Avg 10576
S1 10418
S2 10310
S3 10152
Bank Nifty(Aug Fut)-Trading Strategy
H6 10794 Trgt 2
H5 10733 Trgt 1
H4 10673 Long breakout
H3 10600 Go Short
H2 10575
H1 10551
L1 10502
L2 10478
L3 10453 Long
L4 10380 Short Breakout
L5 10320 Trgt 1
L6 10259 Trgt 2
R3 10950
R2 10842
R1 10684
Avg 10576
S1 10418
S2 10310
S3 10152
Bank Nifty(Aug Fut)-Trading Strategy
H6 10794 Trgt 2
H5 10733 Trgt 1
H4 10673 Long breakout
H3 10600 Go Short
H2 10575
H1 10551
L1 10502
L2 10478
L3 10453 Long
L4 10380 Short Breakout
L5 10320 Trgt 1
L6 10259 Trgt 2
Pre-Closing Outlook(06-08-2012)
Following line was told in Post-open Outlook-2 at 10:43:00 AM today:-
"lower levels supports after minor profit booking may be seen and firstly 5255-5285 should be watched for this purpose"
Nifty traded more than 3 hours within above mentioned range and moved up after getting intraday supports between 5270-5285.
Minor profit booking at higher levels but lower levels good intraday spports also between 5261-5293 today therefore finally sustaining beyond this range should be firstly watched tomorrow.
"lower levels supports after minor profit booking may be seen and firstly 5255-5285 should be watched for this purpose"
Nifty traded more than 3 hours within above mentioned range and moved up after getting intraday supports between 5270-5285.
Minor profit booking at higher levels but lower levels good intraday spports also between 5261-5293 today therefore finally sustaining beyond this range should be firstly watched tomorrow.
As Resistances above 5300 therefore consolidations is required for decisive up moves above 5300 and next up moves may also be slow between 5300-5349 as well as sustaining above 5349 will be confirmation of strong fast moves.
Mid-session Outlook(06-08-2012)
As first hour up moves were without required force therefore minor profit booking possibility was told and supports getting range of 5255-5285 was also given in both previous Post-open Outlooks. Nifty traded most time between mentioned range today.
As minor profit booking today therefore fresh long positions should be built up after supports getting confirmations between mentioned range(5255-5290).
As minor profit booking today therefore fresh long positions should be built up after supports getting confirmations between mentioned range(5255-5290).
Post-open Outlook-2(06-08-2012)
As Sentiment heated after blasting Global markets therefore lower levels supports after minor profit booking may be seen and firstly 5255-5285 should be watched for this purpose.
Post-open Outlook(06-08-2012)
Although up moves immediately after opening today but without required force therefore profit booking possibility will be also considered.
Rally is Very Much On
Technical Analysis,Research & Weekly Outlook
(Aug 06 to Aug 10,2012)
Nifty-EOD Chart (03-Aug-2012):-
 |
| Just click on chart for its enlarged view |
Conclusions from EOD chart analysis
Impulsive Wave-3 continuation after correction completion on 04-06-2012 in the form of Sub Wave-1 which completed at 5348.55 on 10-07-2012 and its correction begun in the form of Sub Wave-2.
Nifty moved below Long Trem Trend decider both 200-Day EMA and 200-Day SMA in correction and got support at 5032.40 on 26-07-2012 but its confirmation was required through sustaining above next immediate resistance between 5200-5250.
As Nifty traded most time between 5200-5250 with lower levels intraday consolidation patterns formations therefore we told many times for final sustaining above 5250 and its live proofs are available in all previous week Outlooks:-
When US and European markets were trading in deep Red then also we were not Bearish amd told following lines at 07:27:00 PM on 02-08-2012:-
Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still alive.
We always projected for rally continuation after sustaining above 5250 and it will be seen today after gap up opening above 5250 and finally sustaining it above. Expected that rally will remain continued above Sub Wave-1 top at 5348.55 in the coming week.
Indian Stock Markets Closing Reports(03-Aug-2012)
Main features of today trading are as follows
1- Red closing.
2- White Candle.
3- Closing near day's high after good support at lower levels.
Ratios
Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(03-Aug-2012): 17.03
Advances & Declines
BSE Advances : 1223
BSE Declines : 1568
NSE Advances : 576
NSE Declines : 852
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- 23,200(1.03%)
Nifty- 5000 PE(Aug)- 829,050(8.80%)
Nifty- 5100 CE(Aug)- -0000(0.16%)
Nifty- 5100 PE(Aug)- 358,050(5.81%)
Nifty- 5200 CE(Aug)- 6,700(-00.00%)
Nifty- 5200 PE(Aug)- 23,350(0.47%)
Nifty- 5300 CE(Aug)- -0000(-00.00%)
Nifty- 5300 PE(Aug)- 400,850(18.16%)
Nifty- 5400 CE(Aug)- 805,450(17.83%)
Nifty- 5400 PE(Aug)- 11,550(1.40%)
Closing
Nifty- closed at 5,215.70(-12.05 Points & -0.23%)
Sensex- closed at 17,197.93(-26.43 Points & -0.15% )
CNX Midcap - closed at 7,244.90(-11.00 Points & -0.15%)
BSE SMLcap- closed at 6,545.70(-5.09 Points & -0.08%)
1- Red closing.
2- White Candle.
3- Closing near day's high after good support at lower levels.
Ratios
Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(03-Aug-2012): 17.03
Advances & Declines
BSE Advances : 1223
BSE Declines : 1568
NSE Advances : 576
NSE Declines : 852
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- 23,200(1.03%)
Nifty- 5000 PE(Aug)- 829,050(8.80%)
Nifty- 5100 CE(Aug)- -0000(0.16%)
Nifty- 5100 PE(Aug)- 358,050(5.81%)
Nifty- 5200 CE(Aug)- 6,700(-00.00%)
Nifty- 5200 PE(Aug)- 23,350(0.47%)
Nifty- 5300 CE(Aug)- -0000(-00.00%)
Nifty- 5300 PE(Aug)- 400,850(18.16%)
Nifty- 5400 CE(Aug)- 805,450(17.83%)
Nifty- 5400 PE(Aug)- 11,550(1.40%)
Closing
Nifty- closed at 5,215.70(-12.05 Points & -0.23%)
Sensex- closed at 17,197.93(-26.43 Points & -0.15% )
CNX Midcap - closed at 7,244.90(-11.00 Points & -0.15%)
BSE SMLcap- closed at 6,545.70(-5.09 Points & -0.08%)
Nifty Spot-Levels & Trading Strategy for 06-08-2012
Nifty Spot-Levels
R3 5292
R2 5256
R1 5236
Avg 5200
S1 5180
S2 5144
S3 5124
Nifty Spot-Trading Strategy
H6 5272 Trgt 2
H5 5259 Trgt 1
H4 5246 Long breakout
H3 5231 Go Short
H2 5226
H1 5221
L1 5210
L2 5205
L3 5200 Long
L4 5185 Short Breakout
L5 5172 Trgt 1
L6 5159 Trgt 2
R3 5292
R2 5256
R1 5236
Avg 5200
S1 5180
S2 5144
S3 5124
Nifty Spot-Trading Strategy
H6 5272 Trgt 2
H5 5259 Trgt 1
H4 5246 Long breakout
H3 5231 Go Short
H2 5226
H1 5221
L1 5210
L2 5205
L3 5200 Long
L4 5185 Short Breakout
L5 5172 Trgt 1
L6 5159 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 06-08-2012
Nifty(Aug Fut)-Levels
R3 5437
R2 5341
R1 5291
Avg 5195
S1 5145
S2 5049
S3 4999
Nifty(Aug Fut)-Trading Strategy
H6 5391 Trgt 2
H5 5356 Trgt 1
H4 5321 Long breakout
H3 5281 Go Short
H2 5267
H1 5254
L1 5227
L2 5214
L3 5200 Long
L4 5160 Short Breakout
L5 5125 Trgt 1
L6 5090 Trgt 2
R3 5437
R2 5341
R1 5291
Avg 5195
S1 5145
S2 5049
S3 4999
Nifty(Aug Fut)-Trading Strategy
H6 5391 Trgt 2
H5 5356 Trgt 1
H4 5321 Long breakout
H3 5281 Go Short
H2 5267
H1 5254
L1 5227
L2 5214
L3 5200 Long
L4 5160 Short Breakout
L5 5125 Trgt 1
L6 5090 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 06-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10596
R2 10502
R1 10443
Avg 10349
S1 10290
S2 10196
S3 10137
Bank Nifty(Aug Fut)-Trading Strategy
H6 10538 Trgt 2
H5 10503 Trgt 1
H4 10468 Long breakout
H3 10426 Go Short
H2 10412
H1 10398
L1 10369
L2 10355
L3 10341 Long
L4 10299 Short Breakout
L5 10264 Trgt 1
L6 10229 Trgt 2
R3 10596
R2 10502
R1 10443
Avg 10349
S1 10290
S2 10196
S3 10137
Bank Nifty(Aug Fut)-Trading Strategy
H6 10538 Trgt 2
H5 10503 Trgt 1
H4 10468 Long breakout
H3 10426 Go Short
H2 10412
H1 10398
L1 10369
L2 10355
L3 10341 Long
L4 10299 Short Breakout
L5 10264 Trgt 1
L6 10229 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Aug 06 to Aug 10,2012)
Nifty Spot-Weekly Levels
R3 5380
R2 5313
R1 5264
Avg 5197
S1 5148
S2 5081
S3 5032
Nifty Spot-Weekly Trading Strategy
H6 5333 Trgt 2
H5 5306 Trgt 1
H4 5279 Long breakout
H3 5247 Go Short
H2 5237
H1 5226
L1 5205
L2 5194
L3 5184 Long
L4 5152 Short Breakout
L5 5125 Trgt 1
L6 5098 Trgt 2
R3 5380
R2 5313
R1 5264
Avg 5197
S1 5148
S2 5081
S3 5032
Nifty Spot-Weekly Trading Strategy
H6 5333 Trgt 2
H5 5306 Trgt 1
H4 5279 Long breakout
H3 5247 Go Short
H2 5237
H1 5226
L1 5205
L2 5194
L3 5184 Long
L4 5152 Short Breakout
L5 5125 Trgt 1
L6 5098 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Aug 06 to Aug 10,2012)
Bank Nifty Spot-Weekly Levels
R3 10711
R2 10589
R1 10452
Avg 10330
S1 10193
S2 10071
S3 9934
Bank Nifty Spot-Weekly Trading Strategy
H6 10576 Trgt 2
H5 10517 Trgt 1
H4 10457 Long breakout
H3 10386 Go Short
H2 10362
H1 10338
L1 10291
L2 10267
L3 10243 Long
L4 10172 Short Breakout
L5 10112 Trgt 1
L6 10053 Trgt 2
R3 10711
R2 10589
R1 10452
Avg 10330
S1 10193
S2 10071
S3 9934
Bank Nifty Spot-Weekly Trading Strategy
H6 10576 Trgt 2
H5 10517 Trgt 1
H4 10457 Long breakout
H3 10386 Go Short
H2 10362
H1 10338
L1 10291
L2 10267
L3 10243 Long
L4 10172 Short Breakout
L5 10112 Trgt 1
L6 10053 Trgt 2
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