Blasting Rally above 5365 is on cards

Technical Analysis,Researches & Market Outlook

(08-08-2012)

Nifty-Intra Day Chart (07-Aug-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Almost whole day continuous up moves with intraday consolidations.
2- Slipping from higher levels in last half hour after Bearish Rising Wedge formations
3- Whole day trading between 5288-5350

Conclusions from intra day chart analysis 

Firstly click following topic link and understand technical positions from EOD chart:-

Blasting Rally above 5365 but after Follow Up Consolidations

Nifty traded most of the time between mentioned strong resistance range(5300-5365) and continuously moved up after intraday consolidations. "Bearish Rising Wedge" formation was seen between 5330-5350 and after that Nifty slipped also in last half hour upto 5330 therefore consolidation is firstly required for next decisive up moves.

Expected that Nifty will finally sustain above 5365 after follow up consolidations and on going rally will remain continued. Blasting rally is also expected above 5365 and this possibility is very much alive but sustaining above 5365 should also be firstly watched because "Bearish Rising Wedge" formation also on 07-08-2012.

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

Main features of today trading are as follows

1- Green closing.
2- White Candle.
3- Whole day up moves.

Ratios

Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(07-Aug-2012): 17.43

Advances & Declines

BSE Advances : 1505
BSE Declines : 1317
NSE Advances :  783
NSE Declines :  642

Nifty Open Interest Changed Today

Nifty- 5100 CE(Aug)- -204,650(-9.88%)
Nifty- 5100 PE(Aug)- 1,028,000(15.18%)

Nifty- 5200 CE(Aug)- -355,550(-9.820%)
Nifty- 5200 PE(Aug)- 1,129,300(21.49%)

Nifty- 5300 CE(Aug)- -1,122,450(-19.96%)
Nifty- 5300 PE(Aug)- 1,686,200(42.47%)

Nifty- 5400 CE(Aug)- 39,200(0.55%)
Nifty- 5400 PE(Aug)- 997,700(85.63%)

Nifty- 5500 CE(Aug)- 886,000(10.56%)
Nifty- 5500 PE(Aug)- 441,800(96.19%)

Closing 

Nifty- closed at 5,336.70(54.15 Points & 1.03%)
Sensex- closed at 17,601.78(188.82 Points & 1.08% )
CNX Midcap - closed at 7,297.00(9.80 Points & 0.13%)
BSE SMLcap- closed at 6,620.79(23.58 Points & 0.36%)

FII Trading Data in Derivatives Segment on 07-Aug-2012

FII & DII trading activity in Capital Market Segment on 07-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 07-Aug-2012 2455.56 1639.61 815.95

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Aug-2012 1234.5 1179.26 55.24

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

Nifty Spot-Levels

R3 5432
R2 5391
R1 5363
PIVOT 5322
S1 5294
S2 5253
S3 5225

Nifty Spot-Trading Strategy

H6 5405     Trgt 2
H5 5389     Trgt 1
H4 5373     Long breakout
H3 5354     Go Short
H2 5348
H1 5342
L1 5329
L2 5323
L3 5317     Long
L4 5298     Short Breakout
L5 5282     Trgt 1
L6 5266     Trgt 2

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

Nifty(Aug Fut)-Levels

R3 5448
R2 5407
R1 5377
PIVOT 5336
S1 5306
S2 5265
S3 5235

Nifty(Aug Fut)-Trading Strategy

H6 5418     Trgt 2
H5 5402     Trgt 1
H4 5386     Long breakout
H3 5366     Go Short
H2 5360
H1 5353
L1 5340
L2 5333
L3 5327     Long
L4 5307     Short Breakout
L5 5291     Trgt 1
L6 5275     Trgt 2

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

Bank Nifty(Aug Fut)-Levels

R3 10839
R2 10744
R1 10682
PIVOT 10587
S1 10525
S2 10430
S3 10368

Bank Nifty(Aug Fut)-Trading Strategy

H6 10778     Trgt 2
H5 10742     Trgt 1
H4 10706     Long breakout
H3 10663     Go Short
H2 10648
H1 10634
L1 10605
L2 10591
L3 10576     Long
L4 10533     Short Breakout
L5 10497     Trgt 1
L6 10461     Trgt 2

Pre-Closing Outlook(07-08-2012)

More than 1.25% rally within most crucial resistance range(5300-5365) but "Bearish Rising Wedge" formation is also seen during last 2 hours therefore more consolidations are required between 5330-5350 before next up moves in the coming sessions.

Mid-session Outlook-2(07-08-2012)

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.

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.

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

Technical Patterns and Formations in today intraday charts

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

Conclusions from EOD chart analysis

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%)

FII Trading Data in Derivatives Segment on 06-Aug-2012

FII & DII trading activity in Capital Market Segment on 06-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 06-Aug-2012 1738.14 1182.41 555.73

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Aug-2012 876.85 881.08 -4.23

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

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

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

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.

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).

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.