Nifty Spot-Levels & Trading Strategy for 10-08-2012

Nifty Spot-Levels

R3 5412
R2 5390
R1 5356
Avg 5334
S1 5300
S2 5278
S3 5244

Nifty Spot-Trading Strategy

H6 5378     Trgt 2
H5 5365     Trgt 1
H4 5352     Long breakout
H3 5337     Go Short
H2 5332
H1 5327
L1 5316
L2 5311
L3 5306     Long
L4 5291     Short Breakout
L5 5278     Trgt 1
L6 5265     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 10-08-2012

Nifty(Aug Fut)-Levels

R3 5418
R2 5401
R1 5366
Avg 5349
S1 5314
S2 5297
S3 5262

Nifty(Aug Fut)-Trading Strategy

H6 5384     Trgt 2
H5 5372     Trgt 1
H4 5360     Long breakout
H3 5346     Go Short
H2 5341
H1 5336
L1 5327
L2 5322
L3 5317     Long
L4 5303     Short Breakout
L5 5291     Trgt 1
L6 5280     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 10-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10763
R2 10701
R1 10603
Avg 10541
S1 10443
S2 10381
S3 10283

Bank Nifty(Aug Fut)-Trading Strategy

H6 10665     Trgt 2
H5 10629     Trgt 1
H4 10593     Long breakout
H3 10549     Go Short
H2 10534
H1 10519
L1 10490
L2 10475
L3 10461     Long
L4 10417     Short Breakout
L5 10380     Trgt 1
L6 10344     Trgt 2

Pre-Closing Outlook(09-08-2012)

We are telling again and again that Indian markets are taking positions and next trend confirmation will be after sustaining beyond 5330-5365. Nifty is hovering around mentioned range and preparing for next decisive big moves.

Nifty moved above 5365 yesterday but could not sustain and again moved within mentioned range after forming top at 5377.60. Nifty moved below 5330 today but again trading within mentioned range at 5334.45 after forming low at 5,312.80.

Both selling and buying positions in last 2 sessions within 5,313-5377 and sustaining it beyond will be watched in the coming sessions for next moves confirmations.

Mid-session Outlook-3(09-08-2012)

Nifty moved below 5330 after Dow's Futures slipping more than 50 points and most European markets turning  in Red.  As  sharp forceful moving below 5330 therefore given breaking down almost confirmation. 

Mid-session Outlook-2(09-08-2012)

We gave lower level of 5330 on 07-08-2012 and Nifty moved up from this level in last 2 sessions. Lowest of last 2 sessions are as follows:-

1- 08-08-2012- 5,331.05
2- 09-08-2012(at 01:15 PM)- 5,330.25

As selling signals yesterday therefore we showed doubts on immediate up moves and Nifty slipped also today from 5368.20 to 5,330.25.

Although Indian markets are slipping after negative IIP data intraday charts are showing consolidation signals therefore Nifty surged more than 15 points after forming low at 5,330.25.

Indian markets are taking positions for next decisive trend within 5330-5365 and sustaining beyond 5330-5365 will be automatic next trend confirmation.

Mid-session Outlook(09-08-2012)

Only narrow range of 35 points(5330-5365) was given in previous Outlooks and Nifty traded most time within this range today.Although IIP at -1.8%(MoM) and below expectation also but market did not declined sharply and trading in positive zone.  

Market slipped from intraday higher levels today but intraday patterns are showing consolidation signals also and generating up moves continuation hopes but finally sustaining beyond 5330-5365 will be next moves confirmation..

Post-open Outlook(09-08-2012)

Trading above 5365 after strong opening today and firstly sustaining it above has to be watched for next blasting up moves confirmations.

Pre-open Outlook(09-08-2012)

Although US markets closed flat yesterday but most Asian markets are moderately strong today morning and Indian markets will firstly trade between 5330-5365 after positive opening.As GAAR news led selling possibility and Shooting Star(Gravestone Doji Bearish) Candle formation yesterday therefore view is cautious and until Nifty will not sustain above 5365 till then next up move will not be considered. Sustaining below 5330 will be short term correction confirmation.

Technical Analysis and Market Outlook(09-08-2012)

Nifty-Intra Day Chart (08-Aug-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5338-5346
2- High volatility after GAAR news on Business news channels
3- Whole day trading between 5332-5377

Conclusions from intra day chart analysis

As good supports at lower levels with intraday consolidation patterns therefore finally sustaining above 5365 possibility is alive but today intraday moves were affected by GAAR news on Business news channels. As soon as mentioned news was seen was seen then following lines were updated at 12:24:00 PM in Mid-session Outlook-2:-

GAAR news on Business news channels and some intraday volatility also. As technical positions reverses also due to news impact on crowd psychology therefore firstly watch sustaining beyond 5330-5365 for next trend confirmations

Although Nifty did not moved below 5330 but also could not sustain above 5365 and intraday selling on the back of mentioned news can not be ruled out. Confirmations are must through sustaining beyond 5330-5365 in the coming sessions.

FII & DII trading activity in Capital Market Segment on 08-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 08-Aug-2012 2751.6 1637.39 1114.21

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 08-Aug-2012 928.83 1723.53 -794.7

Indian Stock Markets Closing Reports(08-Aug-2012)

Main features of today trading are as follows

1- Benchmark Indices closed flat.
2- Midcap and Smallcap Indices cloed in Red.
3- Closing near intraday lower levels after volatile moves.

Ratios

Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(08-Aug-2012): 17.43

Advances & Declines

BSE Advances : 1225
BSE Declines : 1622
NSE Advances :  580
NSE Declines :  872

Nifty Open Interest Changed Today

Nifty- 5100 CE(Aug)- -27,950(-1.50%)
Nifty- 5100 PE(Aug)- -180,300(-2.31%)

Nifty- 5200 CE(Aug)- 44,950(1.38%)
Nifty- 5200 PE(Aug)- 674,550(10.57%)

Nifty- 5300 CE(Aug)- -390,650(-8.68%)
Nifty- 5300 PE(Aug)- 1,055,050(18.65%)

Nifty- 5400 CE(Aug)- 334,050(4.64%)
Nifty- 5400 PE(Aug)- 477,350(22.07%)

Nifty- 5500 CE(Aug)- -360,200(-3.88%)
Nifty- 5500 PE(Aug)- 215,700(23.94%)

Closing 

Nifty- closed at 5,338.00(1.30 Points & 0.02%)
Sensex- closed at 17,600.56(-1.22 Points & -0.01% )
CNX Midcap - closed at 7,272.25(-24.75 Points & -0.34%)
BSE SMLcap- closed at 6,595.87(-24.92 Points & -0.38%)

Nifty Spot-Levels & Trading Strategy for 09-08-2012

Nifty Spot-Levels

R3 5412
R2 5394
R1 5366
Avg 5348
S1 5320
S2 5302
S3 5274

Nifty Spot-Trading Strategy

H6 5384     Trgt 2
H5 5373     Trgt 1
H4 5363     Long breakout
H3 5350     Go Short
H2 5346
H1 5342
L1 5333
L2 5329
L3 5325     Long
L4 5312     Short Breakout
L5 5302     Trgt 1
L6 5291     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 09-08-2012

Nifty(Aug Fut)-Levels

R3 5431
R2 5412
R1 5383
Avg 5364
S1 5335
S2 5316
S3 5287

Nifty(Aug Fut)-Trading Strategy

H6 5402     Trgt 2
H5 5391     Trgt 1
H4 5380     Long breakout
H3 5367     Go Short
H2 5362
H1 5358
L1 5349
L2 5345
L3 5340     Long
L4 5327    Short Breakout
L5 5316     Trgt 1
L6 5305     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 09-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10792
R2 10736
R1 10647
Avg 10591
S1 10502
S2 10446
S3 10357

Bank Nifty(Aug Fut)-Trading Strategy

H6 10704     Trgt 2
H5 10671     Trgt 1
H4 10638    Long breakout
H3 10598     Go Short
H2 10585
H1 10572
L1 10545
L2 10532
L3 10519     Long
L4 10479     Short Breakout
L5 10446     Trgt 1
L6 10413     Trgt 2

Pre-Closing Outlook-3(08-08-2012)

Dow's Futures is 40 points down and all the European markets are also Red and if US markets closes in deep Red today then negative opening in Indian markets can not be ruled out.

As US markets intraday charts of last 3 days are showing selling signals therefore today its Futures negative trading may be a signal of deep Red closing of US markets today.

Pre-Closing Outlook-2(08-08-2012)

Although sharp down from 5,377.60 but today lower levels good supports also with intraday consolidation patterns therefore finally sustaining above 5365 is expected in the coming sessions but sustaining beyond 5330-5365 should also be watched because today intraday moves are affected by GAAR news.

Pre-Closing Outlook(08-08-2012)

When consolidation patterns formations begun at lower levels then it was updated in Mid-session Outlook today and Indian markets moved up also after our this posting.

As today intraday moves were affected by GAAR news on Business news channels therefore next moves confirmation through sustaining beyond 5330-5365 was also told in Mid-session Outlook-2 and Nifty again slipped below 5365 after forming top at 5,377.60.

Our conclusion is that today lower levels good supports with intraday consolidation patterns therefore finally sustaining above 5365 is expected in the coming sessions but sustaining beyond 5330-5365 should also be watched because today intraday moves are affected by GAAR news.

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

GAAR news on Business news channels and some intraday volatility also. As technical positions reverses also due to news impact on crowd psychology therefore firstly watch sustaining beyond 5330-5365 for next trend confirmations.

Mid-session Outlook(08-08-2012)

Consolidations patterns being emerged in today intraday charts.

Post-open Outlook(08-08-2012)

As "Bearish Rising Wedge" formation was seen between 5330-5350  yesterday therefore following technical requirement was updated in both previous Outlooks:-

"consolidation is required for a strong rally above 5365"

Nifty is trading between 5339-5361 since opening today and slipped also from intraday higher levels but sustaining beyond 5330-5365 should be firstly watched for confirmation of final market positions between most crucial and next trend deciding resistance range(5300-5365)

As both consolidations and "Bearish Rising Wedge" formation was seen between 5300-5350 yesterday therefor more preparation is required for next decisive moves. Let market prepare and market take positions then next moves will be updated from intraday charts formations.