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Indian Stock Markets Closing Reports(09-06-2011)

Main features of today trading are as follows


1- Doji Candle with intraday consolidation patterns
1- Red but almost flat closing.
2- Support at lower levels.
3- Most of the Indices closed in Red but showing consolidations

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(09-06-2011): 20.39

Advances & Declines

BSE ADVANCES : 1384
BSE DECLINES : 1432
NSE ADVANCES :  603
NSE DECLINES :  792

Nifty Open Interest Changed Today

Nifty- 5400 CE(Jun)- +201750(+8.05%)
Nifty- 5400 PE(Jun)- +383350(+4.30%)

Nifty- 5500 CE(Jun)- -12000(-0.27%)
Nifty- 5500 PE(Jun)- -4450(-0.07%)

Nifty- 5600 CE(Jun)- +365550(6.22%)
Nifty- 5600 PE(Jun)- +65650(+2.23%)

Closing 

Nifty- closed at 5,521.05(-5.80 Points & -0.10%)
Sensex- closed at 18,384.90(-9.39 Points & -0.05%)
CNX MIDCAP - closed at 8,017.20(-21.85 Points & -0.27%)
BSE SMALL CAP- closed at 8,326.35(+6.85 Points & +0.08%)

Nifty Spot-Levels & Trading Strategy for 10-06-2011

Nifty Spot-Levels

R3 5578
R2 5559
R1 5540
Avg 5521
S1 5502
S2 5483
S3 5464

Nifty Spot-Trading Strategy

H6 5559     Trgt 2
H5 5550     Trgt 1
H4 5541     Long breakout
H3 5531     Go Short
H2 5527
H1 5524
L1 5517
L2 5514
L3 5510     Long
L4 5500     Short Breakout
L5 5491     Trgt 1
L6 5482     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 10-06-2011

Nifty(Jun Fut)-Levels


R3 5595
R2 5569
R1 5544
Avg 5518
S1 5493
S2 5467
S3 5442

Nifty(Jun Fut)-Trading Strategy

H6 5570     Trgt 2
H5 5558     Trgt 1
H4 5547     Long breakout
H3 5533     Go Short
H2 5528
H1 5523
L1 5514
L2 5509
L3 5504     Long
L4 5490     Short Breakout
L5 5479     Trgt 1
L6 5467     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 10-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10975
R2 10911
R1 10849
Avg 10785
S1 10723
S2 10659
S3 10597

Bank Nifty(Jun Fut)-Trading Strategy

H6 10914     Trgt 2
H5 10886     Trgt 1
H4 10857     Long breakout
H3 10822     Go Short
H2 10811
H1 10799
L1 10776
L2 10764
L3 10753     Long
L4 10718     Short Breakout
L5 10689     Trgt 1
L6 10661     Trgt 2

NIFTY-JUN F&O-1ST BUYING OF 09-06-2011-TRADE

NIFTY(JUN FUT-BUY-POSITIONAL)SL-5494-TGT-5574-CMP-5518

NIFTY(JUN CALL OPTION-BUY-POSITIONAL)SL-5494-TGT-5574-S.P.FOR CALL-5500,5600(JUN FUT-RATES FOR ALL OPTIONS)-CMP-5518

Pre-closing Outlook(09-06-2011)

As consolidations seen at lower levels therefore upmoves possibilities were told in Mid-session Outlook-3 and that was seen also but Nifty retraced from 5540 after selling between 5528-5540 today which is just below next resistance next resistance(5545-5604).

Intraday support seen between 5505-5515 and selling between 5528-5540 but intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today.

Mid-session Outlook-3(09-06-2011)

Although Indian markets are trading in Red but consolidations at lower levels and showing upmoves possibilities.

Mid-session Outlook-2(09-06-2011)

Weakness increased after increasing Inflation data today. Today low is at 5402  but moving below 5494 will be more down moves confirmation.

Mid-session Outlook(09-06-2011)

Nifty slipped below 5515 and formed the bottom at 5505 but down moves were without force. and Nifty recovered and again trading at 5520. I told again and again for getting confirmations through sustaing below 5515.

Intraday charts are showing minor base formation between 5505-5515 today also. It is the character of stock markets that it takes its own time in preparation process and it is being done between 5529-5605. We shall continuously understand at each minor move and drawing conclusions also. let 100% confirmation come then will be posted.

Post-open Outlook-2(09-06-2011)

Nifty slipped below 5515 and it has to watched that Nifty is sustaining below 5515 or not. Nifty sustaining below 5515 will mean testing possibility of following 2 supports:-

1- 5480
2- 5440

Moves below 5440 will be 1st strong indication of deep down moves. Nifty is trading between 5510-5520 and if Nifty sustains below 5515 today then it will also strong indication of more down moves.

Post-open Outlook(09-06-2011)


Nifty consolidated between 5515-5525 yesterday and trading above and within this trading range since opening today. Market slipped from higher levels and dipping below 5515 will be first weakness indication.

Nifty will Blast above 5605 or Crash Below 5355

Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels.

enjoydailyprofits.blogspot.com always predict before the begining of any decisive moves in Indian stock markets and also always predict before any Business News Channel and will again try to predict first of all that Nifty will blast above 5605 or crash below 5355. 

Indian markets are preparing for next moves between 5450-5605 for the last 9 sessions. As intraday charts analysis can tell first of all therefore Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011) has been updated in following topic for understanding next moves in Indian stock markets:-

Technical Analysis,Researches & Market Outlook(09-06-2011)

Technical Analysis,Researches & Market Outlook(09-06-2011)

Technical Analysis,Researches & Market Outlook(09-06-2011)

Nifty-EOD Chart(08-06-2011):-
Add caption
Main Features

1- Long term trend is down.
2- Intermediate and Short term trends are sideways.
3- Nifty is trading between 5329-5605 for the last 26 sessions.
4- Pennant Continuation pattern formation in on going correction.
5- Nifty retraced on 25-05-2011 from 5329 after Falling Wedge trend reversal pattern formation.
6- Last 26 sessions(5329-5605) are showing preperation of Inverted Head & Shoulders formations and Right Shoulder is under construction.
7- Neckline of  Inverse Head & Shoulders is at 5605.

Conclusions

Last 26 sessions range bound market between 5329-5605. Forceful break out or sustaining above 5605 will mean blating rally and sustaining below 5329 will mean deep dipping.

"Million $ question is left to be replied" that how to understand break out side of 5329-5605. As early final conclusions will be drawn so earlier trading positions can be made in that direction. Above mentioned patterns and technical positions are clear but final conclusions can not be drawn only from them. Technical buying and selling positions will be understood from intraday charts and then key levels,points and formations will be understood.

Nifty formed recent bottom at 5329 on 25-05-2011 and up moves started on 26-05-2011.Since then Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels therefore from this date intraday trading positions are shown in following intraday chart:-

Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011)
Just click on chart for its enlarged view
Main Features

1- Selling between 5545-5604
2- Buying between 5450-5535
3- Buying between 5355-5405

Conclusions

Last 9 sessions most time trading range is 5450-5604 with good resistances at higher levels and strong supports at lower levels also therefore Nifty is not prepared for decisive break out at this moment and expected that Nifty will trade between 5450-5604 in the coming sessions and will prepare for decisive break out.

Conclusions (After Putting All Studies Together)

Following 3 upmoves suggesting patterns in last 26 sessions:-

1- Upmoves begining after Falling Wedge Bullish reversal pattern formations.
2- Upmoves continuation Pennant pattern formations.
3- Inverted Head & Shoulders under constructions.

As above mentioned positive patterns in EOD charts therefore expected that Nifty will finally cross 5605 after some more consolidations between 5450-5604.

Nifty-Micro Analysis of Intra Day Chart For 09-06-2011

Nifty-Intra Day Chart(08-06-2011):-
Just click on chart for its enlarged view
Main Features

1- Selling between 5545-5455
3- Last 2 hours consolidation patterns between 5515-4425

Conclusions 

Some selling at higher levels but last 2 hours lower levels consolidations also therefore view will not be bearish despite Red closing today. Trading range of today is 5515-5555 and break out of today range will be only first indication of next trend because good supports below today range and strong resistances above today range also.

Decisive trending moves should be expected after break out of 5459-5605.

Indian Stock Markets Closing Reports(08-06-2011)

Main features of today trading are as follows

1- Red closing after whole day negative zone trading.
2- Selling at higher levels and buying at lower levels.
3- Range bound quiet market.

Ratios

Nifty Put Call Ratio: .92
Nifty P/E Ratio(08-06-2011): 20.41

Advances & Declines

BSE ADVANCES : 1351
BSE DECLINES : 1470
NSE ADVANCES :  630
NSE DECLINES :  755

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- +338100(+8.12%)
Nifty- 5500 PE(Jun)- -96750(-1.40%)

Nifty- 5600 CE(Jun)- +760200(+14.07%)
Nifty- 5600 PE(Jun)- -284850(-8.81%)

Closing 

Nifty- closed at 5,526.85(-29.30 Points & -0.53%)
Sensex- closed at 18,394.29(-101.33 Points & -0.55% )
CNX MIDCAP - closed at 8,039.05(-4.20 Points & -0.05%)
BSE SMALL CAP- closed at 8,319.50(+13.13 Points & +0.16%)

FII Trading Data in Derivatives Segment on 08-Jun-2011


FII & DII trading activity in Capital Market Segment on 08-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII08-Jun-20111883.451833.0250.43


DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII08-Jun-2011692.01606.5485.47

Nifty Spot-Levels & Trading Strategy for 09-06-2011

Nifty Spot-Levels

R3 5592
R2 5574
R1 5550
Avg 5532
S1 5508
S2 5490
S3 5466

Nifty Spot-Trading Strategy

H6 5568     Trgt 2
H5 5558     Trgt 1
H4 5549     Long breakout
H3 5537     Go Short
H2 5533
H1 5529
L1 5522
L2 5518
L3 5514     Long
L4 5502     Short Breakout
L5 5493     Trgt 1
L6 5483     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 09-06-2011

Nifty(Jun Fut)-Levels

R3 5603
R2 5581
R1 5555
Avg 5533
S1 5507
S2 5485
S3 5459

Nifty(Jun Fut)-Trading Strategy

H6 5577     Trgt 2
H5 5566     Trgt 1
H4 5555     Long breakout
H3 5542     Go Short
H2 5537
H1 5533
L1 5524
L2 5520
L3 5515     Long
L4 5502     Short Breakout
L5 5491     Trgt 1
L6 5480     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 09-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11022
R2 10958
R1 10878
Avg 10814
S1 10734
S2 10670
S3 10590

Bank Nifty(Jun Fut)-Trading Strategy

H6 10943     Trgt 2
H5 10910     Trgt 1
H4 10878     Long breakout
H3 10838     Go Short
H2 10825
H1 10812
L1 10785
L2 10772
L3 10759     Long
L4 10719     Short Breakout
L5 10687     Trgt 1
L6 10654     Trgt 2

Pre-closing Outlook(08-06-2011)

Nifty traded between 5515-5558 and intraday supports and resistances are as follows:-

1- Selling between 5545-5455
2- Buying between 5515-4425

More immediate resistances above today highs and in the same manner more immediate supports below today
lows. Break out of today range will be first indication and crossing 5459-5604 will be next decisive and trending move confirmation.

Although Indian markets are closing in Red today but last 2 hours lower levels intraday support between 5515-5525 therefore view is not bearish.