Nifty-Micro Analysis of Intra Day Chart For 06-07-2011

Nifty-Intra Day Chart(05-07-2011):-

Just click on chart for its enlarged view

Main Features

1- 30 Points narrow range market.
2- Intraday support and consolidation between 5614-5628

Conclusions

Intraday patterns are showing consolidations at lower levels therefore rally expectations are alive.

FII Trading Data in Derivatives Segment on 05-Jul-2011

FII & DII trading activity in Capital Market Segment on 05-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-Jul-2011 2666.56 1841.04 825.52

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Jul-2011 984.37 1882.86 -898.49

Nifty Spot-Levels & Trading Strategy for 06-07-2011

Nifty Spot-Levels

R3 5703
R2 5681
R1 5656
Avg 5634
S1 5609
S2 5587
S3 5562

Nifty Spot-Trading Strategy

H6 5679     Trgt 2
H5 5668     Trgt 1
H4 5657     Long breakout
H3 5644     Go Short
H2 5640
H1 5636
L1 5627
L2 5623
L3 5619     Long
L4 5606     Short Breakout
L5 5595     Trgt 1
L6 5584     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 06-07-2011

Nifty(Jul Fut)-Levels

R3 5713
R2 5691
R1 5671
Avg 5649
S1 5629
S2 5607
S3 5587

Nifty(Jul Fut)-Trading Strategy

H6 5693     Trgt 2
H5 5683     Trgt 1
H4 5674     Long breakout
H3 5662     Go Short
H2 5658
H1 5654
L1 5647
L2 5643
L3 5639     Long
L4 5627    Short Breakout
L5 5618     Trgt 1
L6 5608    Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 06-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11668
R2 11574
R1 11513
Avg 11419
S1 11358
S2 11264
S3 11205

Bank Nifty(Jul Fut)-Trading Strategy

H6 11608     Trgt 2
H5 11573     Trgt 1
H4 11537     Long breakout
H3 11494     Go Short
H2 11480
H1 11466
L1 11437
L2 11423
L3 11409     Long
L4 11366     Short Breakout
L5 11331     Trgt 1
L6 11295    Trgt 2

Pre-closing Outlook(05-07-2011)

Only range bound trading is being projected since last Friday and it is being seen also. Whatsoever happened today and yesterday,all that was told in following lines on 01-07-2011

Pre-closing Outlook(01-07-2011)- Expected that Nifty will trade and consolidate between 5600-5700 on next Monday/Tuesday and after that next rally will resume.

Indian markets recovered from lower levels today but positive indications were projected in following words when Nifty was trading near today lows:-

Mid-session Outlook(05-07-2011)- Although Indian markets are in Red since opening today but intraday patterns are not suggesting selling.

Indian markets traded most of the time in Red today but intraday patterns are showing good consolidations at lower levels therefore rally expectations are alive despite being Red closing today.

Mid-session Outlook(05-07-2011)

Most Asian markets are weak today therefore Nifty slipped and trading for the last 2 hours below yesterday trading low(5634). Although Indian markets are in Red since opening today but intraday patterns are not suggesting selling.

Trend confirmation Crucial Range 5600-5672

Market Outlook(05-07-2011)

EOD Chart analysis have already been explained yesterday in following topic therefore not being repeated today:-

Market Outlook(04-07-2011)

Nifty crossed 5600 after forceful rally and sustained above for the last 3 sessions. Nifty traded between 5606-5672 in last 3 sessions this range break out will give confirmation to:-

1- Break out of last 39 sessions range(5329-5604) 

2- Long term trend turning up.

3- Completion of that 'ABC'correction which started on 05-11-2010 from 6339.

Nifty-Micro Analysis of 3 days Intra Day Chart(Jun 30 to Jul 04,2011)

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Nifty traded between 5606-5672 in last 3 sessions and technical positions within these 3 days are as follows:-

1- Selling between 5655-5672
2- Buying between 5600-5625
3- Mixed patterns between 5634-5660( Explained in Micro Analysis of Intra Day Chart For 05-07-2011)

Conclusions

Nifty traded More than 5 hours within 26 Nifty points narrow range and trading range was between 5634-5660 on 04-07-2011 but intraday patterns were mixed therefore Nifty will firstly trade within or little beyond this range today and sustaining beyond this range will be next moves first strong indication.

Consolidation between 5600-5672 and after that finally up moves above 5672 expected in the coming sessions but intraday trading patterns between 5600-5672 will be first watched also today because follow up buying/selling today will give confirmation to next decisive trend. As Long term up trend is in question therefore Nifty sustaining above 5672 will mean worst is over for Indian stock markets and then sharp rally will be seen.

Nifty-Micro Analysis of Intra Day Chart For 05-07-2011

Nifty-Intra Day Chart(04-07-2011):-

Just click on chart for its enlarged view

Main Features

1- Minor Selling between- 5663-5672
2- Selling between- 5652-5660
3- Buying between-  5634-5642
4- More than 5 hours 26 Nifty points narrow range trading between 5634-5660

Conclusions

Nifty traded more than 5 hours between 5634-5660 with mixed intraday trading patterns. Sustaining beyond this range will be next moves first strong indication. Supports below this range and resistances above this range in 2 previous sessions therefore Nifty will finally trade between 5600-5672 and sustaining beyond this range(5600-5672) will be confirmation of next trend.

Indian Stock Markets Closing Reports(04-07-2011)

Main features of today trading are as follows

1- Black Candle and Green closing.
2- Selling seen at higher levels.
3- Most Indices closed positive but intraday patterns are mixed.

Ratios

Nifty Put Call Ratio: 1.29
Nifty P/E Ratio(04-07-2011): 20.83

Advances & Declines

BSE ADVANCES : 1765
BSE DECLINES : 1097
NSE ADVANCES :  958
NSE DECLINES :  455

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- +11950(+0.48%)
Nifty- 5500 PE(Jul)- +1102250(+29.30%)

Nifty- 5600 CE(Jul)- +581550(+14.44%)
Nifty- 5600 PE(Jul)- +1419500(+47.62%)

Nifty- 5700 CE(Jul)- +997750(+25.24%)
Nifty- 5700 PE(Jul)- +437150(+42.35%)

Closing 

Nifty- closed at 5,650.50(+23.30 Points & +0.41%)
Sensex- closed at 18,814.48(+51.68 Points & +0.28% )
CNX MIDCAP - closed at 8,093.30(+67.20 Points & +0.84%)
BSE SMALL CAP- closed at 8,322.16(+97.75 Points & +1.19%)

FII Trading Data in Derivatives Segment on 04-Jul-2011

FII & DII trading activity in Capital Market Segment on 04-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Jul-2011 2820.06 1688.34 1131.72

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Jul-2011 982.13 1351.45 -369.32

Nifty Spot-Levels & Trading Strategy for 05-07-2011

Nifty Spot-Levels

R3 5721
R2 5700
R1 5675
Avg 5654
S1 5629
S2 5608
S3 5583

Nifty Spot-Trading Strategy

H6 5696     Trgt 2
H5 5685     Trgt 1
H4 5675     Long breakout
H3 5662     Go Short
H2 5658
H1 5654
L1 5645
L2 5641
L3 5637     Long
L4 5624     Short Breakout
L5 5614     Trgt 1
L6 5603     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 05-07-2011

Nifty(Jul Fut)-Levels

R3 5737
R2 5713
R1 5689
Avg 5665
S1 5641
S2 5617
S3 5593

Nifty(Jul Fut)-Trading Strategy

H6 5713     Trgt 2
H5 5702     Trgt 1
H4 5691     Long breakout
H3 5678     Go Short
H2 5673
H1 5669
L1 5660
L2 5656
L3 5651     Long
L4 5638     Short Breakout
L5 5627     Trgt 1
L6 5616     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 05-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11536
R2 11486
R1 11450
Avg 11400
S1 11364
S2 11314
S3 11278

Bank Nifty(Jul Fut)-Trading Strategy

H6 11501     Trgt 2
H5 11481     Trgt 1
H4 11462    Long breakout
H3 11438     Go Short
H2 11430
H1 11422
L1 11407
L2 11399
L3 11391     Long
L4 11367     Short Breakout
L5 11348    Trgt 1
L6 11328    Trgt 2

Pre-closing Outlook(04-07-2011)

Nifty traded whole day between 5634-5672 today but following lines were told for today trading which proved 100% accurate today at this moment:-

1- Pre-closing Outlook(01-07-2011)- Expected that Nifty will trade and consolidate between 5600-5700 on next Monday/Tuesday and after that next rally will resume.

2- Nifty-Micro Analysis of Intra Day Chart For 04-07-2011- Indian markets will first consolidate within today range(5612 -5672) and after that next rally will begin.

3-  Market Outlook(04-07-2011)- Higher levels selling was seen between 5655-5672 last Friday therefore Indian markets have to consolidate first near about this range today

4- Post-open Outlook(04-07-2011)- As selling within mentioned range therefore some consolidations is required and expected that Indian markets will consolidated within this Nifty range

5- Mid-session Outlook(04-07-2011)- Nifty will prepare within mentioned range and sustaining beyond 5612-5672 will be next moves confirmations

6- Mid-session Outlook-2(04-07-2011)- Mixed trading positions between 5600-4672 in 2 sessions therefore Nifty is trading between this range since opening today. Let market prepare then confirmation will be come according to intraday patterns.

Only range bound moves between 5600-5672 were told and Nifty traded  between this range with Mixed intraday patterns in 3 sessions:-

1- Buying between-  5600-5642
2- selling between- 5655-5672

Consolidation between 5600-5672 and after that up moves expected in the coming sessions.

Mid-session Outlook-2(04-07-2011)

Indian markets under performed Asian markets and could not sustained at higher levels therefore showing selling at higher levels. Nifty consolidated between 5600-5640 in 2 previous sessions. Nifty again got intraday support between 5634-5642 today therefore 5600-5642 support range. Selling seen between 5655-5672 today and last Friday.

Mixed trading positions between 5600-4672 in 2 sessions therefore Nifty is trading between this range since opening today. Let market prepare then confirmation will be come according to intraday patterns.

Mid-session Outlook(04-07-2011)

Nifty traded between 5612-5672 last Friday with selling also within 5655-5672. Consolidation requirements within 5612 -5672 before any up move was told last Friday and today and Nifty is trading within that range which is being mentioned from last 4 outlooks.

Mixed intraday patterns therefore Nifty will prepare within mentioned range and sustaining beyond 5612-5672 will be next moves confirmations. Let this process complete and confirmation come then final views will be updated accordingly.

Consolidation indications at lower levels but confirmations are required at this moment.

Post-open Outlook(04-07-2011)

Following lines were told in Market Outlook today and Nifty is trading between already mentioned range since opening today:-

"Higher levels selling was seen between 5655-5672 last Friday therefore Indian markets have to consolidate first near about this range today"

As selling within mentioned range therefore some consolidations is required and expected that Indian markets will consolidated within this Nifty range and then up moves will be seen.

Market Outlook(04-07-2011)

Technical Analysis and Research of Micro Analysis of Nifty Intra Day have already been explained in following topics with 1 Charts therefore not being repeated:-

Nifty-Micro Analysis of Intra Day Chart For 04-07-2011

Nifty-EOD Chart(01-07-2011):-

Just click on chart for its enlarged view

Forceful rally of 6 sessions reversed all trends and turned all the trends up. Nifty crossed 5600 and sustained 2 days above also but some selling was seen last Friday after good consolidations between 5600-5625 one day before. It is good support and next previous resistances are as follows:-

1- 5775
2- 5850 
3- 5944 

Higher levels selling was seen between 5655-5672 last Friday therefore Indian markets have to consolidate first near about this range today and then up moves will seen. As some selling was seen above crucial level of 5600 therefore consolidation is must today for sustaining above it confirmations

Although higher levels selling but whole day intraday patterns of last Friday showed consolidation indications therefore expected that follow up consolidations will be seen today and Nifty will finally sustain above 5600 and shoot up. Last 9 days Outlooks in this Blog are live proofs of this fact that We told more than 20 times only for Bullish rally and upmoves from the bottom of rally and never told for any Bearish market.

Indian markets will also open with good gains and close positive after whole day Green zone trading.