Bank Nifty(Jun Fut)-Levels & Trading Strategy for 17-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10915
R2 10828
R1 10709
Avg 10622
S1 10503
S2 10416
S3 10297

Bank Nifty(Jun Fut)-Trading Strategy

H6 10798     Trgt 2
H5 10751     Trgt 1
H4 10704     Long breakout
H3 10647     Go Short
H2 10628
H1 10609
L1 10572
L2 10553
L3 10534     Long
L4 10477     Short Breakout
L5 10430     Trgt 1
L6 10383     Trgt 2

Post-closing Report(16-06-2011)

News based volatile market today with intraday selling at higher levels between 5424-5442 and Nifty slipped into resistance range of 5329-5400. Minor support seen between 5405-5420 but Nifty could not sustain above and slipped below 5400.

As minor support seen above 5405 today therefore sustaing beyond it will be next move confirmation.

Mid-session Outlook-2(16-06-2011)

Intra day support getting signals emerged between 5405-5420 today therefore  sustaining  above 5420 will be next up move first indication.

Mid-session Outlook(16-06-2011)

Voltality for today was predicted and that is being seen after credit policy today. Technical positions changes fast in such type of markets therefore next moves conclusions should drawn sfter sustaining beyond 5385-5430..

Post-open Outlook(16-06-2011)

Indian markets outperformed global cues after gap down opening today and trading above strong support range(5329-5400) since opening today,it is positive cue. Initial signals are positive but market require more preparation for next moves. RBI Credit Policy today at 12:00 noon therefore market may be volatile. Sustaining above 5430 will be first strong indication of very short term up move begining and  moving below 5385 will be more weakness confirmation.

Next moves first confirmation range for today is 5385-5430.

Technical Analysis,Researches & Market Outlook(16-06-2011)

Nifty-EOD Chart(15-06-2011) showing 32 sessions Range Bound Market(5329-5605):-

Just click on chart for its enlarged view

Nifty is trading between 5329-5605 for the last 32 sessions and also preparing for next moves between this range. Break out of mentioned range will give following decisive trend to Indian markets;-

1- Sustaing above 5605 will mean all trends are turning up and blasting rally after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions and that will mean beginning of long Bear phase also.

All the technical points have already been told in Weekly Outlook(Jun 13 to Jun 17,2011) and break out implications are updated above. Now only internal construction of mentioned range(5329-5605) will be discussed and will try to understand next moves before break out of range. Next resistances and supports within this range are as follows:-

1- Strong resistance is 5480-5604
2- Strong support is 5329-5400

Next support 2 below 5329 are:-

1- 5233
2- 5178

Most Asian markets are more than 1% down today morning after US markets 1.5% yesterday crash. Huge selling at higher levels and no consolidation at lower levels yesterday therefore Nifty will trade between next and last support range 5329-5400. Follow up selling below 5400 today will mean break ing down possibility of 5329.


Gap down opening and Red closing after whole day negative zone trading is also very much possible.Expected 1st range of today is 5375-5415 and Nifty will first prepare for next moves within this range.  Let market prepare for next moves then will be updated from intraday charts analysis in Mid-session Outlooks as was done yesterday and down moves were declared near yesterday higher levels in following line:-

Mid-session Outlook(15-06-2011):-  Selling developed just below strong resistance range therefore more down moves will be seen now.

Nifty-Micro Analysis of Intra Day Chart For 15-06-2011

Nifty-Intra Day Chart(15-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Selling between 5495-5480
2- Last 2 hours mixed patterns between 5439-5455

Conclusions

Selling between 5495-5480 and as soon as it developed then down moves was predicted  in Mid-session Outlook today and following line was told:-

more down moves will be seen now.

As already selling at higher levels therefore more down moves and next supports testing possibility can not be ruled out because no clear consolidation patterns today and last 2 hours mixed patterns between 5439-5455, sustaining beyond this range will be next move confirmation and possibilities of slipping below this range are more.

FII Trading Data in Derivatives Segment on 15-Jun-2011

FII & DII trading activity in Capital Market Segment on 15-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 15-Jun-2011 2461.5 2632.06 -170.56

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 15-Jun-2011 1009.26 868.12 141.14

Indian Stock Markets Closing Reports(15-06-2011)

Main features of today trading are as follows

1- Long Red Candle.
2- All the Indices closed negative.
3- Nifty tested that bottom of crucial support range( 5438-5455)

Ratios

Nifty Put Call Ratio: 0.89
Nifty P/E Ratio(15-06-2011): 20.12

Advances & Declines

BSE ADVANCES : 1178
BSE DECLINES : 1675
NSE ADVANCES :  467
NSE DECLINES :  936

Nifty Open Interest Changed Today

Nifty- 5300 CE(Jun)- +30050(+2.75%)
Nifty- 5300 PE(Jun)- -15800(-0.22%)

Nifty- 5400 CE(Jun)- +573650(+20.50%)
Nifty- 5400 PE(Jun)- -658600(-6.76%)

Nifty- 5500 CE(Jun)- +1682650(+35.44%)
Nifty- 5500 PE(Jun)- -1527550(-23.58%)

Closing 

Nifty- closed at 5,447.50(-53.00 Points & -0.96%)
Sensex- closed at 18,132.24(-176.42 Points & -0.96%)
CNX MIDCAP - closed at 8,027.30(-51.30 Points & -0.64%)
BSE SMALL CAP- closed at 8,294.89(-49.40 Points & -0.59%)

Nifty Spot-Levels & Trading Strategy for 16-06-2011

Nifty Spot-Levels

R3 5545
R2 5522
R1 5484
Avg 5461
S1 5423
S2 5400
S3 5362

Nifty Spot-Trading Strategy

H6 5508     Trgt 2
H5 5494     Trgt 1
H4 5480     Long breakout
H3 5463     Go Short
H2 5458
H1 5452
L1 5441
L2 5435
L3 5430     Long
L4 5413     Short Breakout
L5 5399     Trgt 1
L6 5385     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 16-06-2011

Nifty(Jun Fut)-Levels

R3 5557
R2 5531
R1 5490
Avg 5464
S1 5423
S2 5397
S3 5356

Nifty(Jun Fut)-Trading Strategy

H6 5517     Trgt 2
H5 5502     Trgt 1
H4 5486     Long breakout
H3 5468     Go Short
H2 5462
H1 5456
L1 5443
L2 5437
L3 5431     Long
L4 5413     Short Breakout
L5 5398     Trgt 1
L6 5382     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 16-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11006
R2 10920
R1 10778
Avg 10692
S1 10550
S2 10464
S3 10322

Bank Nifty(Jun Fut)-Trading Strategy

H6 10864     Trgt 2
H5 10813     Trgt 1
H4 10761     Long breakout
H3 10698     Go Short
H2 10677
H1 10656
L1 10615
L2 10594
L3 10573     Long
L4 10510     Short Breakout
L5 10458     Trgt 1
L6 10407     Trgt 2

Pre-Closing Outlook(15-06-2011)

Following lines were told in Mid-session Outlook-2 today:-

Next support range is 5438-5455 and Nifty is trading within it. Expected that Nifty will not slip below 5438 today.

As told and 100% same happened. Nifty could not slip below 5438 and today lowest is 5438.95

I never gossip and also never guess therefore again telling that sustaining beyond 5438-5455 will be first indication of next moves and will be watched first of all tomorrow for next moves confirmations.

Mid-session Outlook-2(15-06-2011)

We not only inform but prove a move well within time before its beginning and it was again done in Mid-session Outlook today and down moves were clearly projected in following line today:-

"Selling developed just below strong resistance range therefore more down moves will be seen now"

Next support range is 5438-5455 and Nifty is trading within it. Expected that Nifty will not slip below 5438 today. Fresh selling between 5480-5517 is confirm now and next trading range is 5438-5480 and follow up selling between this range will mean more down levels.

5438-5455 is now next strong support and next move confirmation range also. If follow up selling develop in the coming sessions then Nifty will slip below 5438.

Just watch 5438-5455 and its break out for next immediate move confirmation.

Mid-session Outlook(15-06-2011)

1- Strong resistance range- 5522-5604
2- Yesterday Selling between 5505-5517
3- Today Selling between 5495-5480

Selling developed just below strong resistance range therefore more down moves will be seen now.

Pre-open Outlook(15-06-2011)

When US markets were more than 1.25% up then also consolidation requirement was told again and again for any up move. Although US markets closed more than 1% up but Asian market are flat to negative today morning. As sentiment is not strong today morning therefore only first trading range has been changed and Nifty will first trade between yesterday trading range first(5485-5520).As yesterday range is only 35 points range therefore next move confirmation range is 5465-5535

As higher levels selling(5505-5517) yesterday and strong resistance range(5522-5604) therefore fresh consolidation is required in the coming sessions for any decisive and sustained up move from here. Indian markets are not trending but range bound therefore next immediate moves will be decided according to intraday charts patterns formations only and follow up buying/selling between 5465-5535 and this range break out will give next move confirmation.

100% accurate Predictions of 14-06-2011 market

yesterday all the Market Projections proved 100% accurate

1- Topic was named "Range Bound Market 0n 14-06-2011" and Nifty traded whole day between :-

35 points within 5485-5520 with Intraday mixed trading patterns.

2- Following lines were told yesterday;-

"Whatsoever strong/weak sentiments on 14-06-2011 but Nifty will trade firstly and most of the time between 5450-5520 and also closing expected within this range"

Yesterday highest was exactly at 5520.15 and closing within mentiorange range at 5500.50 

3- Intraday selling patterns were told between 5505-5517 yesterday. Nifty could not cross 5517 after that and closed below 5505.

Technical Analysis,Research & Market Outlook(15-06-2011)

Last 3 sessions sessions trading positions are as follows

1- Buying between 5460-5492 on 10-06-2011
2- Buying between 5438-5496 on 13-06-2011
3- Buying between 5485-5495 on 14-06-2011
4- Selling between 5505-5517 on 14-06-2011

Last 3 sessions base formation between 5439-5496,next strong resistance range is 5522-5604 and between these 2 ranges yesterday selling between 5505-5517.

As higher levels selling(5505-5517) yesterday and strong resistance range(5522-5604) therefore fresh consolidation is required in the coming sessions to cross and sustain above 5604. My previous outlooks are live proofs of this fact that I posted only bullish views from the bottom of on going rally and also explained its reasons in Weekly Outlook(Jun 13 to Jun 17,2011).

US markets are more than 1.25% up at this moment and such positive closing today will mean stronger Asian markets tomorrow morning therefore Indian markets will also open positive and firstly trade in Green zone. Markets are used to consolidate at higher levels in Bullish markets and tomorrow consolidation will mean again hope of 5600 testing.

Expected that Nifty will consolidate between mentioned resistance range and finally cross 5605 for blasting. As Indian markets have to cross resistance range therefore 5522-5555 break out will be firstly watched in the coming sessions for next bullish moves and indian markets next moves preparation confirmations.

Nifty-Micro Analysis of Intra Day Chart For 15-06-2011

Nifty-Intra Day Chart(14-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Selling between 5505-5517
2- Minor buying between 5485-5495
3- Whole day Narrow Range trading between  5485-5520

Conclusions

Indian markets prepared in narrow range strong big moves today. Selling at higher levels and minor buying at lower levels today. Break out and sustaining beyond today trading range(5490-5517) will be next big moves first confirmation and will be firstly watched tomorrow.

Indian Stock Markets Closing Reports(14-06-2011)

Main features of today trading are as follows

1- Whole day narrow range market.
2- Candle similiar to Shooting star today.
3- Most of the Indices closed in Green except Auto,CD and Oil & Gas

Ratios

Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(14-06-2011): 20.31

Advances & Declines

BSE ADVANCES : 1614
BSE DECLINES : 1222
NSE ADVANCES :  796
NSE DECLINES :  597

Nifty Open Interest Changed Today

Nifty Open Interest Changed Today
Nifty- 5300 CE(Jun)- -73150(-6.25%)
Nifty- 5300 PE(Jun)- +244800(+3.45%)

Nifty- 5400 CE(Jun)- -41400(-1.45%)
Nifty- 5400 PE(Jun)- +327700(+3.37%)

Nifty- 5500 CE(Jun)- -371800(-7.12%)
Nifty- 5500 PE(Jun)- +231450(+3.64%)

Nifty- 5600 CE(Jun)- +324200(+4.60%)
Nifty- 5600 PE(Jun)- +39550(+1.39%)

Closing 

Nifty- closed at 5,500.50(17.70 Points & +0.32%)
Sensex- closed at 18,308.66(+42.63 Points & +0.23%)
CNX MIDCAP - closed at 8,078.60(+41.15 Points & +0.51%)
BSE SMALL CAP- closed at 8,344.29(+30.97 Points & +0.37%)