Nifty(Apr Fut)-Levels & Trading Strategy for 19-04-2012

Nifty(Apr Fut)-Levels

R3 5405
R2 5384
R1 5353
Avg 5332
S1 5301
S2 5280
S3 5249

Nifty(Apr Fut)-Trading Strategy

H6 5374     Trgt 2
H5 5362     Trgt 1
H4 5350     Long breakout
H3 5336     Go Short
H2 5331
H1 5326
L1 5317
L2 5312
L3 5307     Long
L4 5293     Short Breakout
L5 5281     Trgt 1
L6 5269     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 19-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10803
R2 10738
R1 10642
Avg 10577
S1 10481
S2 10416
S3 10320

Bank Nifty(Apr Fut)-Trading Strategy

H6 10707     Trgt 2
H5 10671     Trgt 1
H4 10634     Long breakout
H3 10590     Go Short
H2 10575
H1 10560
L1 10531
L2 10516
L3 10501     Long
L4 10457     Short Breakout
L5 10420     Trgt 1
L6 10384     Trgt 2

Mid-session Outlook(18-04-2012)

Higher levels selling confirmations through slipping below first trading range of today.

Mid-session Outlook(18-04-2012)

Gap up opening today after heated sentiment due to blasting global cues. Range bound trading between 5321-5342 with minor intraday selling at higher levels. Nifty is trading above the top of 1st resistance(5305) and sustaining above it will be strong rally confirmations therefore should be firstly watched today. As lower levels minor support also seen in last half hour therefore above mentioned today trading range break out will be  rally  after correction completion confirmations .

Rally after sustaining above 5305

Nifty-Intra Day Chart (17-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation and support between 5210-5255
2- Volatility after Credit Policy
3- Whole day trading between 5210-5296

Conclusions from intra day chart analysis 

Consolidation and support between 5210-5255 within that huge volatility today which was the result of two adverse news. Good news of .50% Repo rate cut and negative news of Congress defeat in Delhi MCD Elections generated huge volatility today.

Strong support range of 5175-5236 had been updated more than 20 times in last one month,Nifty tested and traded within this range in last 6 days but did not slipped below 5175 and sharply surged today. As again support confirmation between 5175-5236 in last 6 sessions therefore this support range has strengthened and now high possibility of rally.

Range bound bound market between 5175-5305 was projected yesterday in following topic:-

Market capped between 5175-5305

Nifty traded whole day between 5208.35-5298.20 today. As lower levels support within 5175-5236 and higher levels resistance between 5275-5305 therefore above topic was posted.  Nifty tested higher levels Resistance after getting lower levels support. Following 5 resistances were updated on 14-04-2012 in Crucial Supports and Resistances of 36 sessions Correction:-

5- 5588-5625
4- 5418-5487
3- 5357-5377
2- 5318-5337
1- 5275-5305

As good support and strong moves today therefore rally is expected after correction completion but technically rally beginning confirmations are must through sustaining above minimum above 1st Resistance and that is at 5305.

Above upmoves  are not being  projected after watching more than 1.30% positive moves in US markets but almost following same views were updated at 01:25:00 PM today in Mid-session Outlook-2(17-04-2012):-

"Firstly lower levels support before Credit Policy today and after that again higher bottom formation and support therefore first signal of upmoves but sustaining above 5265 should also be watched for strong indication"

FII Trading Data in Derivatives Segment on 17-Apr-2012

FII & DII trading activity in Capital Market Segment on 17-Apr-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 17-Apr-2012 2403.64 1962.49 441.15

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Apr-2012 964.09 1177.3 -213.21

Indian Stock Markets Closing Reports(17-Apr-2012)

Main features of today trading are as follows

1- Green closing.
2- White Candle.
3- Closing near Day's highs after highly volatile market.

Ratios

Nifty Put Call Ratio:1.03
Nifty P/E Ratio(17-Apr-2012):18.63

Advances & Declines

BSE Advances : 1662
BSE Declines : 1178
NSE Advances :  860
NSE Declines :  565

Nifty Open Interest Changed Today

Nifty- 5200 CE(Apr)- +5000(+0.15%)
Nifty- 5200 PE(Apr)- +888650(+14.01%)

Nifty- 5300 CE(Apr)- +16750(+0.34%)
Nifty- 5300 PE(Apr)- +993250(+29.33%)

Nifty- 5400 CE(Apr)- +343450(+4.60%)
Nifty- 5400 PE(Apr)- +376900(+22.75%)

Closing 

Nifty- closed at 5,289.70(+63.50 Points & +1.22%)
Sensex- closed at 17,357.94(+206.99 Points & +1.21% )
CNX Midcap - closed at 7,672.00(+67.60 Points & +0.89%)
BSE Smallcap- closed at 6,880.36(+43.10 Points & +0.63%)

Nifty Spot-Levels & Trading Strategy for 18-04-2012

Nifty Spot-Levels

R3 5412
R2 5355
R1 5322
Avg 5265
S1 5232
S2 5175
S3 5142

Nifty Spot-Trading Strategy

H6 5380     Trgt 2
H5 5359     Trgt 1
H4 5338    Long breakout
H3 5313     Go Short
H2 5305
H1 5297
L1 5280
L2 5272
L3 5264    Long
L4 5239     Short Breakout
L5 5218     Trgt 1
L6 5197     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 18-04-2012

Nifty(Apr Fut)-Levels

R3 5459
R2 5392
R1 5355
Avg 5288
S1 5251
S2 5184
S3 5147

Nifty(Apr Fut)-Trading Strategy

H6 5424     Trgt 2
H5 5400     Trgt 1
H4 5376     Long breakout
H3 5347     Go Short
H2 5338
H1 5328
L1 5309
L2 5299
L3 5290     Long
L4 5261     Short Breakout
L5 5237     Trgt 1
L6 5213     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 18-04-2012

Nifty(Apr Fut)-Levels

R3 5459
R2 5392
R1 5355
Avg 5288
S1 5251
S2 5184
S3 5147

Nifty(Apr Fut)-Trading Strategy

H6 5424     Trgt 2
H5 5400     Trgt 1
H4 5376     Long breakout
H3 5347     Go Short
H2 5338
H1 5328
L1 5309
L2 5299
L3 5290     Long
L4 5261     Short Breakout
L5 5237     Trgt 1
L6 5213     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 18-04-2012

Bank Nifty(Apr Fut)-Levels

R3 11137
R2 10897
R1 10735
Avg 10495
S1 10333
S2 10093
S3 9931

Bank Nifty(Apr Fut)-Trading Strategy

H6 10987     Trgt 2
H5 10890     Trgt 1
H4 10794     Long breakout
H3 10683     Go Short
H2 10646
H1 10609
L1 10536
L2 10499
L3 10462     Long
L4 10351     Short Breakout
L5 10255     Trgt 1
L6 10158    Trgt 2

Pre-Closing Outlook(17-04-2012)

Firstly high volatility after 50 basis points Repo Rates cut by RBI and lower levels supports as well as higher bottom formation also with closing near day's higher levels today are strong indications of rally after correction completion.

Following lines were told yesterday in Market capped between 5175-5305:-

1- Free Trading zone between 5231-5275 and expected that Nifty will firstly trade and prepare for next moves within this range,break out of this range will be first indication
2- sustaining beyond 5175-5305 will be next decisive trend confirmation.
3- strong multiple resistances at higher levels also therefore equally complete consolidation is required to sustaining above next Resistance(5275-5305) and until Nifty will not sustain above 5305 till then any decisive up move will not be considered
4-Nifty will trade next 2/3 sessions between 5175-5305 and prepare.

All above 4 projections of yesterday proved accurate today. Good support and strong moves today but rally beginning confirmations are must after correction completion through sustaining above minimum above 1st Resistance and that is at 5305.

Mid-session Outlook-2(17-04-2012)

Firstly lower levels support before Credit Policy today and after that again higher bottom formation and support therefore first signal of upmoves but sustaining above 5265 should also be watched for strong indication.

Mid-session Outlook(17-04-2012)

Market shoot up after RBI announcement of 50 basis points Repo Rates cut but could not cross Selling range of 13-04-20129(Resistance between 5275-5305). Following lines were told yesterday in Market capped between 5175-5305:-

"multiple resistances at higher levels also therefore equally complete consolidation is required to sustaining above next Resistance(5275-5305) and until Nifty will not sustain above 5305 till then any decisive up move will not be considered"

Market is not prepared for any side  decisive moves therefore following topic was posted yesterdaY:-

Market capped between 5175-5305

Detailed analysis have already been updated in above topic yesterday therefore just click above topic link and go through.

Pre-open Outlook(17-04-2012)

Sentiment is depressed today morning because most Asian markets are trading in Red.

RBI Credit Policy at 11:00AM today and volatility immediately before and after its announcement may be seen. As RBI expressed worries on inflation in Micro Economic Review yesterday evening therefore cofusion on rates cut increased and SGX Nifty is more than 40 points today morning.

Market is capped between 5175-5305 today and follow up moves before and after Credit Policy will decide next market as well as break out of this range will be next moves confirmations.

Detailed analysis has already been updated yesterday in following topic:-

Market capped between 5175-5305

Market capped between 5175-5305

Nifty-Micro Analysis of 2 days Intra Day Chart

(Apr 13 & Apr 16,2012)

Nifty-Intra Day Chart (Apr 13 & Apr 16,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 days intraday charts

1- Selling and Resistance between 5275-5305 on 13-04-2012
2- Mixed Patterns between 5200-5236 after Panic Bottom on 13-04-2012
3- Support and Consolidation between 5190-5205 on 16-04-2012
4- Mixed Patterns between 5217-5231 on 16-04-2012
5- Free Trading zone between 5231-5275

Conclusions from 2 days intra day chart analysis 

Strong old support range of 5175-5236 was told many times in last one week and Nifty traded whole day today between this range within 5183.50-5233.50 with lower levels supports and intraday consolidation patterns. Certainly mentioned old support range has strengthened today but strong multiple resistances at higher levels also therefore equally complete consolidation is required to sustaining above next Resistance(5275-5305) and until Nifty will not sustain above 5305 till then any decisive up move will not be considered. As strong supports are lying between 5175-5236 therefore more selling is also equally required to sustain below.

Free Trading zone between 5231-5275 and expected that Nifty will firstly trade and prepare for next moves within this range,break out of this range will be first indication and sustaining beyond 5175-5305 will be next decisive trend confirmation. If any big news will not be visible then expected that Nifty will trade next 2/3 sessions between 5175-5305 and prepare.

Detailed Technical analysis have been posted with EOD and Intraday charts in following topics in last 3 days. Just click Topic Link below and understand Indian markets:- 

1- Last corrective Wave before Strong Bullish Rally
2- Strong Rally Confirmations from Long Term Charts
3- Crucial Supports and Resistances of 36 sessions Correction
4- Lower Tops and Lower Bottoms Formation In On Going Correction
5- Correction is on & Firstly Watch Next Supports
6- Next Monday Asian markets reaction on Western Markets Bloodshed
7- Panic bottom formation on 13-04-2012
8- Market capped between Supports and Resistances

FII Trading Data in Derivatives Segment on 16-Apr-2012

FII & DII trading activity in Capital Market Segment on 16-Apr-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 16-Apr-2012 1341.24 1850.67 -509.43

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Apr-2012 932.45 714.22 218.23

Indian Stock Markets Closing Reports(16-Apr-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- White Candle.
3- Closing near the higher levels of the day.

Ratios

Nifty Put Call Ratio:0.92
Nifty P/E Ratio(16-Apr-2012):18.41

Advances & Declines

BSE Advances : 1554
BSE Declines : 1258
NSE Advances :  811
NSE Declines :  620

Nifty Open Interest Changed Today

Nifty- 5100 CE(Apr)- -268550(-25.41%)
Nifty- 5100 PE(Apr)- +81050(+1.35%)

Nifty- 5200 CE(Apr)- +260100(+8.47%)
Nifty- 5200 PE(Apr)- -97850(-1.52%)

Nifty- 5300 CE(Apr)- +495700(+10.70%)
Nifty- 5300 PE(Apr)- +110100(+3.35%)

Closing 

Nifty- closed at 5,226.20(+18.75 Points & +0.36%)
Sensex- closed at 17,150.95(+56.44 Points & +0.33% )
CNX Midcap - closed at 7,604.40(+24.80 Points & +0.33%)
BSE Smallcap- closed at 6,837.26(+38.03 Points & +0.56%)

Nifty Spot-Levels & Trading Strategy for 17-04-2012

Nifty Spot-Levels

R3 5295
R2 5264
R1 5245
Avg 5214
S1 5195
S2 5164
S3 5145

Nifty Spot-Trading Strategy

H6 5276     Trgt 2
H5 5264     Trgt 1
H4 5253     Long breakout
H3 5239     Go Short
H2 5235
H1 5230
L1 5221
L2 5216
L3 5212     Long
L4 5198     Short Breakout
L5 5187     Trgt 1
L6 5175     Trgt 2