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Nifty(May Fut)-Levels & Trading Strategy for 24-05-2012

Nifty(May Fut)-Levels

R3 4896
R2 4867
R1 4840
Avg 4811
S1 4784
S2 4755
S3 4728

Nifty(May Fut)-Trading Strategy

H6 4870     Trgt 2
H5 4857     Trgt 1
H4 4844     Long breakout
H3 4829     Go Short
H2 4824
H1 4819
L1 4808
L2 4803
L3 4798     Long
L4 4783     Short Breakout
L5 4770     Trgt 1
L6 4757     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 24-05-2012

Bank Nifty(May Fut)-Levels

R3 9361
R2 9291
R1 9212
Avg 9142
S1 9063
S2 8993
S3 8914

Bank Nifty(May Fut)-Trading Strategy

H6 9284     Trgt 2
H5 9249     Trgt 1
H4 9215     Long breakout
H3 9174     Go Short
H2 9161
H1 9147
L1 9120
L2 9106
L3 9093     Long
L4 9052     Short Breakout
L5 9018     Trgt 1
L6 8983     Trgt 2

Pre-Closing Outlook(23-05-2012)

When Nifty was trading the intraday highs of today then following line was told in Mid-session Outlook-2 today:-

Let market sustain above any crucial Resistance then decisive up moves will be considered otherwise only volatility

Nifty lost almost all intraday gains and again traded near about today lows and proved intraday volatilite markets for today.

Intraday support little above yoday lows seen  today and it is higher bottom formation also. In this manner both intraday support and intraday selling within 4807-4853 today therefore break out and sustaining beyond today trading range will be next moves confirmations and should be firstly watched now.

Mid-session Outlook-2(23-05-2012)

Following line was told at 11:42:00 AM  in Mid-session Outlook today:-

bounce back possibility may be seen.

Sharp surge and Nifty 45 Points fast moved up from 4807 to 4852 seen today. 

Intraday support also seen at lower levels today and intraday volatility possibility should also be kept in mind. Let market sustain above any crucial Resistance then decisive up moves will be considered otherewise only volatility.

Mid-session Outlook(23-05-2012)

Down moves continuation after higher levels intraday selling but sentiment is extremely and indicators are oversold therefore intraday volatility and and bounce back possibility may be seen.

Technical Analysis and Research For 23-05-2012

Nifty-EOD Chart (22-May-2012):-
Just click on chart for its enlarged view
Conclusions from EOD chart analysis 

All trends are down in Wave-2 correction and its bottom formation at 4788.95.95 on 18-05-2012. Although some up moves seen after bottom formation on 18-05-2012 but correction completion confirmation is required yet. As weakening of Indian Rupee therefore Indian markets moved down yesterday and could not be able to respond positive Global cues.

Minor supports at lower levels and multiple resistances at higher levels and market require compltete consolidation for any decisive up move and only Pull Back rally will be seen after after getting supports at lower levels.

Pre-open Outlook(23-05-2012)

All the Asian markets are in deep Red with most Indices are more than 1% down today morning therefore sentiment is weak today morning and negaive opening will be seen in Indian markets. Following supports should be firstly watched:-

1- 4790-4807
2- 4635-4663
3- 4602-4624
4- 4560-4590 

Next Resistances are as follows;-

1-4904-4955
2-5003-5036
3-5065-5125

Most depressed sentiment today morning therefore volatile market is expected and until Nifty will not sustaining minimum first resistance(4955) till then any up move will not be considered. Expected that Nifty will firstly trade between 4790-4904 and its break out will give next moves first indication.

Indian Stock Markets Closing Reports(22-May-2012)

Main features of today trading are as follows

1- Long Black Candle.
2- All the Indices closed in Red except IT.
3- Sharp down with weakening of Indian Rupee.

Ratios

Nifty Put Call Ratio: 0.88
Nifty P/E Ratio(22-May-2012): 16.46

Advances & Declines

BSE Advances : 1051
BSE Declines : 1618
NSE Advances :  508
NSE Declines :  887

Nifty Open Interest Changed Today

Nifty- 4700 CE(May)- -15950(-1.83%)
Nifty- 4700 PE(May)- +913200(+13.16%)

Nifty- 4800 CE(May)- +473000(+17.94%)
Nifty- 4800 PE(May)- +250900(+3.79%)

Nifty- 4900 CE(May)- +677200(+13.85%)
Nifty- 4900 PE(May)- -258400(-4.46%)

Nifty- 5000 CE(May)- +1150850(+19.23%)
Nifty- 5000 PE(May)- +8800(+0.24%)

Nifty- 5100 CE(May)- -512350(-7.12%)
Nifty- 5100 PE(May)- -76850(-2.90%)

Closing 

Nifty- closed at 4,860.50(-45.55 Points & -0.93%)
Sensex- closed at 16,026.41(-156.85 Points & -0.97% )
CNX Midcap - closed at 6,857.35(-45.90 Points & -0.66%)
BSE Smallcap- closed at 6,274.69(-42.72 Points & -0.68%)

FII Trading Data in Derivatives Segment on 22-May-2012


FII & DII trading activity in Capital Market Segment on 22-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII22-May-20121611.911895.25-283.34

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII22-May-2012927.65720.05207.6

Nifty Spot-Levels & Trading Strategy for 23-05-2012

Nifty Spot-Levels

R3 5034
R2 4995
R1 4927
Avg  4888
S1 4820
S2 4781
S3 4713

Nifty Spot-Trading Strategy

H6 4967     Trgt 2
H5 4943     Trgt 1
H4 4918     Long breakout
H3 4889     Go Short
H2 4879
H1 4869
L1 4850
L2 4840
L3 4830     Long
L4 4801     Short Breakout
L5 4776     Trgt 1
L6 4752     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 23-05-2012

Nifty(May Fut)-Levels

R3 5020
R2 4980
R1 4910
Avg  4870
S1 4800
S2 4760
S3 4690

Nifty(May Fut)-Trading Strategy

H6 4951     Trgt 2
H5 4926     Trgt 1
H4 4901     Long breakout
H3 4871     Go Short
H2 4861
H1 4851
L1 4830
L2 4820
L3 4810     Long
L4 4780     Short Breakout
L5 4755     Trgt 1
L6 4730     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 23-05-2012

Bank Nifty(May Fut)-Levels

R3 9648
R2 9548
R1 9366
Avg  9266
S1 9084
S2 8984
S3 8802

Bank Nifty(May Fut)-Trading Strategy

H6 9466     Trgt 2
H5 9402     Trgt 1
H4 9339     Long breakout
H3 9261     Go Short
H2 9235
H1 9209
L1 9158
L2 9132
L3 9106     Long
L4 9028    Short Breakout
L5 8965     Trgt 1
L6 8901     Trgt 2

Post-open Outlook(22-05-2012)

Nifty slipped below 4937 immediately after positive opening today. Selling was between 4928-4937 yesterday and Nifty is trading between this range for the last 45 Minutes after forming lows at 4927.15.

Although Pull Back Rally continuation is expected after sustaining above 4937 but Petroleum Price hike may also be seen within couple of sessions therefore volatility may be seen.

Nifty is trading exactly at 4937 at this moment therefore firstly watch sustaining it beyond for next moves confirmations.

Pull Back rally continuation after its formation through consolidations

Nifty-Intra Day Chart (21-May-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Support between 4904-4918
2- Selling between 4928-4937
3- New bottom formation after sharp fall
4- Whole day trading between 4889-4937

Conclusions from intra day chart analysis

Clear supports at lower levels but selling patterns were also seen at higher levels yesterday. Although intraday technical correction through last half hour sharp fall with new bottom formation was also seen yesterday therefore sustaining beyond yesterday trading range is main demand for next short term moves confirmations.

Pre-open Outlook(22-05-2012)

Nowadays main trigger comes from Global markets and all the Asian markets are in Green today after strong recovery in all the European and US markets therefore sentiment is pleasant today morning and positive opening will be seen in Indian markets.

Following Weekly topic was posted on 19-05-2012.

Only Watch 4790-4907 Break out for Short Term / Intermediate Term Trend

As yesterday closing was at 4906.05 therefore no damage to supports below 4907 despite sharp fall yesterday. As intraday selling formations were seen between 4928-4937 yesterday therefore sustaing above 4937 is must today for next up moves confirmation.

Next 4 Resistances of last 11 sessions are as follows:-

R1-4904-4922
R2-4936-4953
R3-5003-5036
R4-5065-5125

As 4904-4922 was resistance therefore sharp fall was seen within this range yesterday for consolidations and snatching buying positions from weaker traders. Multiple resistances at higher levels therefore complete consolidations are rquired for decisive up moves.

Expected that market will sustain above 4937 and Pull Back rally continuation will be seen after its formation through higher levels consolidations today and in the coming sessions.

FII Trading Data in Derivatives Segment on 21-May-2012


FII & DII trading activity in Capital Market Segment on 21-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII21-May-20121334.721414.31-79.59

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII21-May-2012662.44513.24149.2

Nifty Spot-Levels & Trading Strategy for 22-05-2012

Nifty Spot-Levels

R3 4981
R2 4959
R1 4932.67
Avg 4910
S1 4883
S2 4861
S3 4834

Nifty Spot-Trading Strategy

H6 4955     Trgt 2
H5 4944     Trgt 1
H4 4932     Long breakout
H3 4919     Go Short
H2 4914
H1 4910
L1 4901
L2 4897
L3 4892     Long
L4 4879     Short Breakout
L5 4867     Trgt 1
L6 4856     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 22-05-2012

Nifty(May Fut)-Levels

R3 4971
R2 4951
R1 4922
Avg 4902
S1 4873
S2 4853
S3 4824

Nifty(May Fut)-Trading Strategy

H6 4942     Trgt 2
H5 4931     Trgt 1
H4 4919     Long breakout
H3 4906     Go Short
H2 4901
H1 4897
L1 4888
L2 4884
L3 4879    Long
L4 4866    Short Breakout
L5 4854     Trgt 1
L6 4843     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 22-05-2012

Bank Nifty(May Fut)-Levels

R3 9560
R2 9487
R1 9412
Avg 9339
S1 9264
S2 9191
S3 9116

Bank Nifty(May Fut)-Trading Strategy

H6 9486     Trgt 2
H5 9452     Trgt 1
H4 9418     Long breakout
H3 9377    Go Short
H2 9364
H1 9350
L1 9323
L2 9309
L3 9296     Long
L4 9255     Short Breakout
L5 9221     Trgt 1
L6 9187     Trgt 2

Pre-Closing Outlook(21-05-2012)

Indian markets showed out performnace in first session but did not responded in the Mid Session after good recovery in US Futures and European markets. Dow's Futures is more than 75 points up and all the European markets have turned positive but Indian markets slipped from intra day highs.

Clear supports at lower levels but selling patterns also seen at higher levels therefore today trading range (4904-4936) break out should be firstly watched out for next short term confirmations.

Mid-session Outlook(21-05-2012)

Asian markets are mixed but All the European markets are in Red but Indian markets are again out performing today with trading .50% up. Last 3 hours trading betwen 4904-4924 with intraday mixed patterns. As Indian markets are sustaining in Green despite negative European markets thereofore it is a signal of strength.

Sustaining above 4924 will be continuation confirmation of last Friday begun up move.