Technical Analysis,Researches & Market Outlook(21-07-2011)

Nifty-EOD Chart(20-Jul-2011):-

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Technical Patterns and Formations in EOD charts

Bullish Formations

1- Double bottom at 5496
2- Good intraday consolidation between 5500-5573
3- Wave 3 range bound between 5496-5655

Bearish Formations

1- Lower top formations at 5655
2- Tripple top formation at 5655
3- Selling between 5595-5653
4- Engulfing Bearish Candle today.

Conclusions

Sub Wave-3 is on after corrective Sub wave-2 completion at 5496 and range bound between 5496-5655 for the last 7 sessions,Good support between 5500-5573 and resistance between 5595-5653 within this range. Implication of 5595-5653 break out are as follows:-

1- Sustaing above 5653 will be confirmation of impulsive Sub Wave-3 contunuation and upmoves will be expected after crossing 5740.

2- sustaining below 5496 will be confirmation of Sub Wave-3 failure and corrective Sub Wave-2 continuation and sharp down moves will be seen between 5195-5496

Conflicting global news flow and sentiments therefore news based voltality is being seen for the last few sessions. Next trend confirmation will be sustaining beyond 5496-5655 and should be watched first because lower levels support and higher levels resistance within mentioned 156 points range. Expected that Nifty will trade between mentioned range and firstly prepare for next moves near 5573.

Nifty-Micro Analysis of Intra Day Chart For 21-07-2011

Nifty-Intra Day Chart(20-Jul-2011):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 5606-5636
2- Selling between 5575-5595
3- Last 1 hour mixed Patterns between 5556-5573

Conclusions

Whole day selling at higher levels. 5600-5650 was already resistance and again intraday selling seen between 5606-5636 and in this manner resistance range becomes stronger. 5500-5577 is strong support range but Nifty entered between it after again selling between 5575-5595. Niifty traded between 5556-5573 in last 1 hour with intraday mixed patterns.

Confirm selling between 5575-5650 and lower levels buying between 5500-5573. Indian markets are range bound,follow up buying/selling tomorrow and the coming sessions as well as break out of 5500-5650 will form next trend.

Indian markets are extremely global cues based,beginning of tomorrow market and first trading range will be decided after understanding tomorrow morning global cues and will be posted accordingly before opening.

FII & DII trading activity in Capital Market Segment on 20-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 20-Jul-2011 1876.93 1967.37 -90.44

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 20-Jul-2011 1198.73 1178.25 20.48

Indian Stock Markets Closing Reports(01-Jul-2011)

Main features of today trading are as follows

1- Whole day down moves and lost all the yesterday gains.
2- Black Candle.
3- All the Indices closed in Red except Reality and FMCG.

Ratios

Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(20-Jul-2011): 20.34

Advances & Declines

BSE ADVANCES : 1171
BSE DECLINES : 1732
NSE ADVANCES : 467
NSE DECLINES : 962

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- +1438000(+36.67%)
Nifty- 5500 PE(Jul)- -721700(-6.26%)

Nifty- 5600 CE(Jul)- +1969100(+27.63%)
Nifty- 5600 PE(Jul)- -495750(-6.56%)

Nifty- 5700 CE(Jul)- +1302600(+14.31%)
Nifty- 5700 PE(Jul)- -461500(-13.06%)

Closing 

Nifty- closed at 5,567.05(-46.50 Points & -0.83%)
Sensex- closed at 18,502.38(-151.49 Points & -0.81% )
CNX MIDCAP - closed at  8,108.20(-104.70 Points & -1.27%)
BSE SMALL CAP- closed at 8,432.34(-30.58 Points & -0.36%)

Nifty Spot-Levels & Trading Strategy for 21-07-2011

Nifty Spot-Levels

R3 5713
R2 5679
R1 5623
PIVOT 5589
S1 5533
S2 5499
S3 5443

Nifty Spot-Trading Strategy

H6 5657     Trgt 2
H5 5636     Trgt 1
H4 5616     Long breakout
H3 5591     Go Short
H2 5583
H1 5575
L1 5558
L2 5550
L3 5542     Long
L4 5517     Short Breakout
L5 5497     Trgt 1
L6 5476     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 21-07-2011

Nifty(Jul Fut)-Levels

R3 5737
R2 5697
R1 5633
PIVOT 5593
S1 5529
S2 5489
S3 5425

Nifty(Jul Fut)-Trading Strategy

H6 5673     Trgt 2
H5 5649     Trgt 1
H4 5626     Long breakout
H3 5597     Go Short
H2 5588
H1 5578
L1 5559
L2 5549
L3 5540     Long
L4 5511     Short Breakout
L5 5488     Trgt 1
L6 5464     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 21-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11583
R2 11493
R1 11336
PIVOT 11246
S1 11089
S2 10999
S3 10842

Bank Nifty(Jul Fut)-Trading Strategy

H6 11426     Trgt 2
H5 11370     Trgt 1
H4 11314     Long breakout
H3 11246     Go Short
H2 11224
H1 11201
L1 11156
L2 11133
L3 11111     Long
L4 11043     Short Breakout
L5 10987     Trgt 1
L6 10931     Trgt 2

Pre-closing Outlook(20-07-2011)

Weakness after good higher levels selling and entry into support range( 5500-5577). Follow up buying/selling tomorrow will decide next moves beyond 5500-5577.

Mid-session Outlook(20-07-2011)

Although Indian markets were trading with good gains but doubts were shown in following words and trend confirmation range of 5600-5650 was given in Post-open Outlook today:-

Indian markets does not opened much strong

5600-5650 broken down and Nifty is trading below 5600 after intraday selling betweeen 5606-5636. As this selling is between resistance range therefore sharp fall seen. 5505-5577 is strong support range therefore until Nifty will not slip below 5506 till then view will not be bearish.

Market is showing range bound character between 5500-5650 and follow up selling seen between 5577-5606 today therefore more down moves are possible but 5500-5577 is strong support and Nifty will not easily slip below 5577.

Post-open Outlook(20-07-2011)

Most of the Asian markets slipped from intraday higher levels and SSE(China) is in Red as well as Hangsang is flat therefore Indian markets does not opened much strong and trading between resistance range(5600-5650). Highly fluctuating global cues nowadays and markets are reacting to that therefore next moves confirmation will be sustaining beyond resistance range(5600-5650) between which nifty is trading since opening today.

Rally triggering by Strong Global Markets

Technical Analysis,Researches & Market Outlook(20-07-2011)

Nifty-EOD Chart(19-Jul-2011):-

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Technical Patterns and Formations in EOD charts

1- Rally(Sub-Wave-1) begun on 20-06-2011 from 5195
2- Correction of this rally started on 08-07-2011 from 5740 after good selling between 5700-5740 and Sub-Wave-2 started.
3- Nifty is trading between 5497-5653 for the last 6 sessions with intraday consolidation at lower levels between 5505-5577 and selling between 5600-5650.
4- Sustaining above 5653 will be confirmation of correction(Sub-Wave-2) completion at 5497 and beginning of Sub-Wave-3

Conclusions

Good consolidations at lower levels and strong global cues today mean that Nifty will trade at or above last 6 sessions range(5497-5653). As global cues finally turned strong therefore expected that Nifty will consolidate near or above 5653 today and will test next resistance range 5700-5740 in the coming sessions.

As sustaining above 5653 will be confirmation of correction(Sub-Wave-2) completion at 5497 and beginning of Sub-Wave-3 therefore rally above 5740 will also be expected after fresh consolidations between 5700-5740.

FII Trading Data in Derivatives Segment on 19-Jul-2011

FII & DII trading activity in Capital Market Segment on 19-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 19-Jul-2011 1922.8 1629.51 293.29

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 19-Jul-2011 802.67 1029.59 -226.92

Nifty-Micro Analysis of Intra Day Chart For 20-07-2011

Nifty-Intra Day Chart(19-Jul-2011):-

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Technical Patterns and Formations in today intraday charts

1- Buying between-5558-5577
2- Last 2 hours mixed Patterns between-5615-5627.

Conclusions

Rally after lower levels intraday consolidation and today up moves are the result of strong global cues also therefore crossing and sustaining above 5640 will be confirmation of next rally for testing of resistance range between 5700-5740.

Indian Stock Markets Closing Reports(01-Jul-2011)

Main features of today trading are as follows

1- White Candle.
2- Upmoves after lower levels consolidations.
3- Strong global cues led rally.

Ratios

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(01-Jul-2011): 20.57

Advances & Declines

BSE ADVANCES : 1656
BSE DECLINES : 1226
NSE ADVANCES :  883
NSE DECLINES :  530

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- -397700(-9.21%)
Nifty- 5500 PE(Jul)- +935200(+8.75%)

Nifty- 5600 CE(Jul)- -669150(-8.44%)
Nifty- 5600 PE(Jul)- +1110750(+16.64%)

Nifty- 5700 CE(Jul)- +84050(+0.91%)
Nifty- 5700 PE(Jul)- +712150(+24.01%)

Closing 

Nifty- closed at 5,613.55(+46.50 Points & +0.84%)
Sensex- closed at 18,653.87(+146.83 Points & +0.79% )
CNX MIDCAP - closed at 8,208.20(+15.60 Points & +0.19%)
BSE SMALL CAP- closed at 8,462.92(+68.97 Points & +0.82%)

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 20-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11566
R2 11472
R1 11408
Avg  11314
S1 11250
S2 11156
S3 11092

Bank Nifty(Jul Fut)-Trading Strategy

H6 11503     Trgt 2
H5 11467     Trgt 1
H4 11430     Long breakout
H3 11387     Go Short
H2 11372
H1 11358
L1 11329
L2 11315
L3 11300     Long
L4 11257     Short Breakout
L5 11220     Trgt 1
L6 11184     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 20-07-2011

Nifty(Jul Fut)-Levels

R3 5771
R2 5716
R1 5670
Avg  5615
S1 5569
S2 5514
S3 5468

Nifty(Jul Fut)-Trading Strategy

H6 5726     Trgt 2
H5 5702     Trgt 1
H4 5679     Long breakout
H3 5651     Go Short
H2 5642
H1 5633
L1 5614
L2 5605
L3 5596     Long
L4 5568     Short Breakout
L5 5545     Trgt 1
L6 5521     Trgt 2

Nifty Spot-Levels & Trading Strategy for 20-07-2011

Nifty Spot-Levels
R3 5711
R2 5669
R1 5641
Avg  5599
S1 5571
S2 5529
S3 5501

Nifty Spot-Trading Strategy

H6 5683     Trgt 2
H5 5667     Trgt 1
H4 5651     Long breakout
H3 5632     Go Short
H2 5625
H1 5619
L1 5606
L2 5600
L3 5593     Long
L4 5574     Short Breakout
L5 5558     Trgt 1
L6 5542     Trgt 2

Pre-closing Outlook(19-07-2011)

Indian markets were subdued since opening today and started to move after strong opening of European markets and strong US Futures trading.(Dow futures is +90 at this moment). Volatile moves are being seen due to fast changing global news flow and sentiments. Nifty crossed last 3 days range of 5595. Lower levels buying seen between 5558-5577 and mised patterns between 5605-5620 in last 2 hours of trading between resistance range of 5605-5740.

Strong up moves with lower levels intraday consolidation seen today.As these moves are the result of global cues also therefore crossing and sustaining above 5640 will be confirmation of next rally for testing of resistance range between 5700-5740.

Mid-session Outlook-3(19-07-2011)

Dow's futures is trading 63 points up and European markets are strong today therefore sharp break out and strong global markets led rally is being seen in Indian markets. 5595 broken out and sustaining above will be correction completion confirmation for next rally toward 5700.

Mid-session Outlook-2(19-07-2011)

Only 5573 was given was given for watching and Nifty is dancing around it since opening today. Last 3 days range is 5555-5595 and both selling and buying seen within this range. Today buying seen at lower levels also and follow up buying within 5573-5595 will mean break out of 5595.

Voltality betwen 5555-5595 in last 3 sessions and its break out will be next strong move confirmation.