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Indian Markets are at Key Supports Range

Technical Analysis and Research For 28-04-2012

Nifty-EOD Chart (27-Apr-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1  Key supports range developed between 5136-5190 in last 37 sessions.
2- Nifty tradeed 15 days within key supports range in last 37 sessions.
3- Three times up moves after getting support within key supports range in last 37 sessions.
4- Most Crucial Long Term Trend decider 200-Day SMA is just below this range at 5130

Conclusions from EOD chart analysis 

Correction is on and slipping below 5136 or 5130 can not be ruled out in ongoing correction but sustaining beyond key support range should be firstly watched for the confirmation of continuation/completion of on going correction.

Rally above 5236 after more consolidations

Nifty-Micro Analysis of 4 days Intra Day Chart
(Apr 24 to Apr 27,2012)

Nifty-Intra Day Chart (Apr 24 to Apr 27,2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 4 days intraday charts

1- More rhan 4 hours selling between 5208-5232 on 24-04-2012.
2- More rhan 2 hours selling between 5215-5236 on 25-04-2012.
3- Support between 5161-5195 on 25-04-2012.
4- Whole day sideways trading with intraday consolidation patterns between 5180-5210 on 26-04-2012.
5- Lower levels intraday support after whole day mixed intraday patterns

Conclusions from 4 days intra day chart analysis 

4 Days sideways narrow range trading within 81 points between 5155-5236 means big moves are being cooked between this range and blasting moves will be seen after its break out.

Firstly selling at higher levels but lower levels supports and consolidations also seen in last 4 days therefore it is clear that market is not prepared for any side decisive break out and some more preparations are also required for any side decisive break out.

Market is not mature for any side decisive break out therefore market will firstly trade and prepare for next moves within 5155-5236. As lower levels good supports seen therefore expected that finally strong rally above 5236 will be seen after some more consolidations in the coming sessions.

Lower levels support after higher levels slipping

Nifty-Micro Analysis of Intra Day Chart For 28-04-2012

Nifty-Intra Day Chart (27-Apr-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Firstly more than 2 hours trading above 5200 between 5206-5221 with mixed intraday pattern
2- Down moves in falling Channel
3-  Almost last 3 hours trading between 5155-5183 with mixed intraday patterns and lower levels support.
4- Whole day trading between 5155-5222.

Conclusions from intra day chart analysis 

Flat closing with Doji Candle formation and lower levels support also within whole day mixed patterns are suggesting immaturity for any side decisive moves therefore more preparations are required for setting of trend.

As lower levels support also seen after higher levels slipping therefore rally possibility is alive  after some more consolidations.

Indian Stock Markets Closing Reports(27-Apr-2012)

Main features of today trading are as follows

1- Flat closing.
2- Doji Candle Formation.
3- Lower levels support after slipping from higher levels.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(27-Apr-2012): 17.93

Advances & Declines

BSE Advances : 1211
BSE Declines : 1592
NSE Advances :  551
NSE Declines :  884

Nifty Open Interest Changed Today

Nifty- 5100 CE(May)- +70950(+9.28%)
Nifty- 5100 PE(May)- +482550(+12.71%)

Nifty- 5200 CE(May)- +410300(+19.48%)
Nifty- 5200 PE(May)- +206300(+6.27%)

Nifty- 5300 CE(May)- +593400(+22.60%)
Nifty- 5300 PE(May)- +180300(+11.33%)

Closing 

Nifty- closed at 5,190.60(+1.60 Points & +0.03%)
Sensex- closed at 17,134.25(+3.58 Points & +0.02% )
CNX Midcap - closed at 7,368.60(-20.65 Points & -0.28%)
BSE Smallcap- closed at 6,697.89(-28.48 Points & -0.42%)

FII & DII trading activity in Capital Market Segment on 27-Apr-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII27-Apr-20122078.312454.53-376.22

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII27-Apr-2012967.17824.61142.56

Nifty Spot-Levels & Trading Strategy for 28-04-2012

Nifty Spot-Levels

R3 5293
R2 5258
R1 5224
Avg 5189
S1 5155
S2 5120
S3 5086

Nifty Spot-Trading Strategy

H6 5259     Trgt 2
H5 5243     Trgt 1
H4 5227     Long breakout
H3 5208     Go Short
H2 5202
H1 5196
L1 5183
L2 5177
L3 5171    Long
L4 5152     Short Breakout
L5 5136     Trgt 1
L6 5120     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 28-04-2012

Nifty(May Fut)-Levels

R3 5332
R2 5291
R1 5250
Avg 5209
S1 5168
S2 5127
S3 5086

Nifty(May Fut)-Trading Strategy

H6 5292     Trgt 2
H5 5273     Trgt 1
H4 5255     Long breakout
H3 5232     Go Short
H2 5225
H1 5217
L1 5202
L2 5194
L3 5187     Long
L4 5164     Short Breakout
L5 5146     Trgt 1
L6 5127    Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 28-04-2012

Bank Nifty(May Fut)-Levels

R3 10488
R2 10379
R1 10261
Avg 10152
S1 10034
S2 9925
S3 9807

Bank Nifty(May Fut)-Trading Strategy

H6 10372     Trgt 2
H5 10320     Trgt 1
H4 10267     Long breakout
H3 10205     Go Short
H2 10184
H1 10163
L1 10122
L2 10101
L3 10080    Long
L4 10018    Short Breakout
L5  9965   Trgt 1
L6  9913    Trgt 2

Pre-Closing Outlook(27-04-2012)

Firstly more than 2 hours trading above 5200 between 5206-5221 with mixed intraday patterns,then slipping from higher levels and almost 3 hours trading between 5155-5183 again with mixed intraday patterns but lower levels support signals seen in last 3 hours also.

As per our view consolidation process is going on just click following topic link and understand technicals points/crucial levels of Indian markets:-

"Rally expectations developed after Intraday consolidations today"

Although negative zone trading but up moves possibilities are alive because lower levels supports seen today

Mid-session Outlook(27-04-2012)

Market could not sustain at higher levels and slipped after weakening of US Futures(Dow's Futures is 60 points down) and weak opening of European markets(most are more than 1% down)

As intraday consolidation therefore up moves were expected for today and it was seen also. Following lines were told yesterday in "Rally expectations developed after Intraday consolidations today":-

1- Follow up buying and base formations after more consolidations are required in the coming sessions and sustaining above following resistances will be rally commencement confirmation.

1- 5208-5236
2- 5288-5310

2- Whole day consolidation patterns between 5180-5197 today and sustaining it beyond will be firstly watched tomorrow

3-more consolidation is also required now therefore slipping possibility below 5180 can not be ruled out during consolidation process and following most crucial supports should be kept in mind:-

1- 5136(Next botom). 
2- 5130(200-Day SMA of today)
3- 5080(50% retracement level of previous rally)

Above lines are being repeated from yesterday posted outlook for the purpose of cautioning and understanding of technicals points and crucial levels of Indian markets..

Accuracy of our Outlooks proved by Today Up Moves

Post-open Outlook(27-04-2012)

SENSEX 112 points up and NIFTY 34 points up within first 15 minutes today but such up moves were projected yesterday in all the last 3 Outlooks and following lines were told:-

Consolidations Up moves possibility for today was projected yesterday in following words:-

1- In "Pre-Closing Outlook(26-04-2012)" at 3:17:00 PM: yesterday-

Whole day trading between 8180-5210 with consolidation indications.Today intraday consolidation patterns may be first step toward rally beginning 

2- In "Indian Stock Markets Closing Reports(26-Apr-2012)" at 07:47:00 PM yesterday

Sideways trading with intraday consolidation patterns despite negative closing today.

3- In "Rally expectations developed after Intraday consolidations today" at 10:41:00 PM yesterday

1- intraday patterns are showing consolidation formations therefore correction completion process beginning will be considered now.

2- Whole day consolidation patterns between 5180-5197 today and sustaining it beyond will be firstly watched tomorrow with expectations of up moves and rally.

Positive trading after Green opening today and only sustaining above 5197 should be firstly watched today because follow up buying is must for correction completion.

Rally expectations developed after Intraday consolidations today

Nifty-Micro Analysis of Intra Day Chart For 27-04-2012

Nifty-Intra Day Chart (26-Apr-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Consolidation between 5180-5197 
2- Whole day sideways trading with intraday consolidation patterns
3- Whole day trading between 5180-5210

Conclusions from intra day chart analysis 

Although market closed near the lower levels and Black Candle formation today but intraday patterns are showing consolidation formations therefore correction completion process beginning will be considered now. Follow up buying and base formations after more consolidations are required in the coming sessions and sustaining above following resistances will be rally commencement confirmation.

1- 5208-5236
2- 5288-5310

As more consolidation is also required now therefore slipping possibility below 5180 can not be ruled out during consolidation process and following most crucial supports should be kept in mind:-

1- 5136(Next botom). 
2- 5130(200-Day SMA of today)
3- 5080(50% retracement level of previous rally)

Let consolidation process complete or more Bullish indications emerge then up moves and rally will be strongly projected. Expected that finally Nifty will not sustain below 5130 and will not slip below 5080 

All possibilities have been discussed above but Whole day consolidation patterns between 5180-5197 today and sustaining it beyond will be firstly watched tomorrow with expectations of up moves and rally. 

FII Trading Data in Derivatives Segment on 26-Apr-2012


FII & DII trading activity in Capital Market Segment on 26-Apr-2012


FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII26-Apr-20123356.743732.82-376.08

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII26-Apr-20121491.421427.9363.49

Indian Stock Markets Closing Reports(26-Apr-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.
2- Black Candle formation.
3- Sideways trading with intraday consolidation patterns despite negative closing today.

Ratios

Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(26-Apr-2012): 18.22

Advances & Declines

BSE Advances : 1127
BSE Declines : 1614
NSE Advances :  534
NSE Declines :  884

Nifty Open Interest Changed Today

Nifty- 5100 CE(May)- +156200(+22.36%)
Nifty- 5100 PE(May)- +897800(+31.11%)

Nifty- 5200 CE(May)- +354950(+19.87%)
Nifty- 5200 PE(May)- +427850(+14.90%)

Nifty- 5300 CE(May)- +473850(+21.86%)
Nifty- 5300 PE(May)- -81950(-4.91%)

Closing 

Nifty- closed at 5,189.00(-13.00 Points & -0.25%)
Sensex- closed at 17,130.67(-20.62 Points & -0.12% )
CNX Midcap - closed at 7,389.25(-41.00 Points & -0.55%)
BSE Smallcap- closed at 6,726.37(-27.50 Points & -0.41%)

Nifty Spot-Levels & Trading Strategy for 27-04-2012

Nifty Spot-Levels

R3 5245
R2 5230
R1 5209
Avg 5194
S1 5173
S2 5158
S3 5137

Nifty Spot-Trading Strategy

H6 5225     Trgt 2
H5 5216     Trgt 1
H4 5208     Long breakout
H3 5198     Go Short
H2 5195
H1 5192
L1 5185
L2 5182
L3 5179     Long
L4 5169     Short Breakout
L5 5161     Trgt 1
L6 5152     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 27-04-2012

Nifty(Apr Fut)-Levels

R3 5278
R2 5262
R1 5238
Avg 5222
S1 5198
S2 5182
S3 5158

Nifty(Apr Fut)-Trading Strategy

H6 5254     Trgt 2
H5 5245     Trgt 1
H4 5236     Long breakout
H3 5225    Go Short
H2 5221
H1 5217
L1 5210
L2 5206
L3 5203     Long
L4 5192     Short Breakout
L5 5182     Trgt 1
L6 5173     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 27-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10365
R2 10310
R1 10222
Avg 10167
S1 10079
S2 10024
S3 9936

Bank Nifty(Apr Fut)-Trading Strategy

H6 10277     Trgt 2
H5 10244    Trgt 1
H4 10212    Long breakout
H3 10173     Go Short
H2 10160
H1 10147
L1 10120
L2 10107
L3 10094    Long
L4 10055     Short Breakout
L5 10023     Trgt 1
L6  9990    Trgt 2

Pre-Closing Outlook(26-04-2012)

Whole day trading between 8180-5210 with consolidation indications. As good selling at higher levels therefore more consolidations and follow up buying as well as more confirmations are required. Today intraday consolidation patterns may be first step toward rally beginning therefore sustaining beyond above mentioned today trading should be firstly watched tomorrow for next moves confirmations.

Mid-session Outlook-2(26-04-2012)

Trading between 5185-5210 today and sustaining beyond this range will be 1st indication of next moves. Selling patterns seen at higher levels today but intraday support with nigher bottom also seen therefore sustaining beyond above mentioned  today trading range should be firstly watched next moves confirmations.

Mid-session Outlook(26-04-2012)

Quiet market on expiry day today because 7 hours selling between 5208-5236 in last 2 sessions and support between 5161-5195 on 25-04-2012 and both side moves are capped between 5161-5236.

As market is not prepared for any side decisive moves therefore sideways moves were expected for today and following lines were told in "Market at Most Crucial Support levels before Rally beginning"

Although Nifty recovered 50 points after lower levels support and Double Bottom formation on 25-04-2012 but not sufficient and complete consolidation with base formation is required for correction completion. As 7 hours selling between 5208-5236 in last 2 sessions and until Nifty will not sustain above 5236 till then any rally will not be considered.

3 Hours trading between 5185-5210 today and sustaining beyond this range will be 1st indication of next moves. As Selling patterns seen at higher levels today therefore down moves possibilities from here are turning high. Sustaining beyond 5161-5236 will be next trend strong confirmation.

Detailed analysis have already been updated in following topic.Just click following topic link and trade after understanding all crucial points and levels:-

Market at Most Crucial Support levels before Rally beginning