Huge Island Reversal Pattern & Correction

Technical Analysis and Research For 24-07-2012

Nifty-EOD Chart (23-Jul-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 578 Points Rally
2- 16 Sessions huge Island Formation

Conclusions from EOD chart analysis 

16 Sessions huge Island formation and 578 Points rally reversal confirmation after big Gap down opening on 23-07-2012. Corretion is very much on and may be deeper also because huge reversal pattern confirmation. Next Support ranges are as follows:-

1- 5085-5145(tested on 23-07-2012)
2- 4995-5070

As testing and slipping below above mentioned 2nd support(4995-5070) can not be ruled out therefore firstly following Fibonacci Retracement Levels should be watched;-

Fibonacci Retracement Levels of previous 578 Points Rally(4770-5348)

13.0%-5272(Tested)
23.6%-5211(Tested)
27.0%-5191(Tested)
38.2%-5127(Tested)
50.0%-5059
61.8%-4990
70.7%-4939
76.4%-4906
78.6%-4893
88.6%-4835

61.8% Retracement Level(4990) is most crucial because next support is just above.

As big down moves yesterday and Indian markets are trading between strong support ranges therefore market may be range bound today despite 4990 testing possibility in the coming sessions.

Indian Stock Markets Closing Reports(23-Jul-2012)

Main features of today trading are as follows

1- Red closing.
2- Long Black Candle formations.
3- Closing near the lowest levels of the dat

Ratios

Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(23-Jul-2012): 16.90

Advances & Declines

BSE Advances :  942
BSE Declines : 1846
NSE Advances :  340
NSE Declines : 1111

Closing

Nifty- closed at 5,117.95(-87.15 Points & -1.67%)
Sensex- closed at 16,877.35(-281.09 Points & -1.64% )
CNX Midcap - closed at 7,227.80(-123.10 Points & -1.67%)
BSE SMLcap- closed at 6,599.20(-76.15 Points & -1.14%)

Nifty Spot-Levels & Trading Strategy for 24-07-2012

Nifty Spot-Levels

R3 5207
R2 5185
R1 5151
Avg 5129
S1 5095
S2 5073
S3 5039

Nifty Spot-Trading Strategy

H6 5173     Trgt 2
H5 5160     Trgt 1
H4 5147     Long breakout
H3 5132     Go Short
H2 5127
H1 5122
L1 5111
L2 5106
L3 5101     Long
L4 5086     Short Breakout
L5 5073     Trgt 1
L6 5060     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 24-07-2012

Nifty(Jul Fut)-Levels

R3 5222
R2 5198
R1 5159
Avg 5135
S1 5096
S2 5072
S3 5033

Nifty(Jul Fut)-Trading Strategy

H6 5183     Trgt 2
H5 5168     Trgt 1
H4 5154     Long breakout
H3 5137     Go Short
H2 5131
H1 5125
L1 5114
L2 5108
L3 5102     Long
L4 5085     Short Breakout
L5 5071     Trgt 1
L6 5056     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 24-07-2012

Bank Nifty(Jul Fut)-Levels

R3 10555
R2 10496
R1 10401
Avg 10342
S1 10247
S2 10188
S3 10093

Bank Nifty(Jul Fut)-Trading Strategy

H6 10460     Trgt 2
H5 10425     Trgt 1
H4 10390     Long breakout
H3 10348     Go Short
H2 10334
H1 10320
L1 10291
L2 10277
L3 10263     Long
L4 10221     Short Breakout
L5 10186     Trgt 1
L6 10151     Trgt 2

FII Trading Data in Derivatives Segment on 23-Jul-2012

FII & DII trading activity in Capital Market Segment on 23-Jul-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 23-Jul-2012 1530.54 1421.37 109.17

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Jul-2012 701.25 1055 -353.75

Pre-Closing Outlook(23-07-2012)

Down moves and its continuation with its technical reasons was projected in all the Outlooks today and whole day down moves were seen also during trading hours today. Following lines were told at 09:56:00 AM today:-

1- firstly trading between and little above next support range(5085-5145) will be seen in the coming sessions.
2- More down moves and trading between next supports range(5085-5145) expected in the coming sessions.

Our above projection proved 100% accurate and today intraday trading range is 5108.10-5164.20

Down moves continuation is expected after 15 sessions selling in July 2012.

Mid-session Outlook(23-07-2012)

As soon as intraday selling signals emerged then it was updated in Post-open Outlook within first 2 hours today and down moves also being seen according to projected down moves expectations. Nifty is trading between strong support range therefore down moves may be slow but finally down moves continuation is expected but intraday charts have turned oversold therefore down moves after intraday volatility can not be ruled out.

Post-open Outlook(23-07-2012)

Technical positions of last 1 Month is as follows:-

1- Resistances between 5200-5345
2- Supports between 5085-5145

No positions range is 5145-5200 and Nifty is trading between this range within 5151-5164 since opening today with intraday selling signals.

As intraday selling signals today therefore down moves from here is expected and Sustaining beyond this range will be next immediate moves. Strong resistances above 5200 therefore until complete consolidations will not happen till then up moves above will not be seen.

Down moves after 15 Sessions Selling

Technical Analysis,Research & Weekly Outlook

(Jul 23 to Jul 27,2012)

Nifty-Micro Analysis of 1 Month Sessions Intra Day Chart(Jul 22 to Jul 20,2012)

Nifty-Intra Day Chart (Jul 22 to Jul 20,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 1 Month intraday charts

1- Multiple Resistances between 5200-5345
2- Supports between 5085-5145

Conclusions from 1 Month Sessions intra day chart analysis 

As whole day genuine intraday selling patterns(5200-5218) last Friday therefore confirm trading below 5200 in the coming week and firstly trading between and little above next support range(5085-5145) will be seen in the coming sessions.

Strong supports between 5085-5145 and below upto 5010 and Indian markets will firstly prepare for next moves between 5085-5200 in the coming week. AS good selling between 5200-5345 in 15 sessions of July 2012 therefore market require complete consolidations to trade between and above 5200-5345.

More down moves and trading between next supports range(5085-5145) expected in the coming sessions.

Fresh Down Moves after Genuine Selling

Nifty-Micro Analysis of Intra Day Chart For 23-07-2012

Nifty-Intra Day Chart (20-Jul-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5200-5218
3- Whole day trading between 5198-5238

Conclusions from intra day chart analysis 

Whole day intraday selling patterns therefore down moves are expected below 5200. As whole day genuine intraday selling patterns therefore trading range of 20-07-2012(5198-5238) will prove strong resistance in the coming sessions.

Analysis of whole day genuine intraday selling patterns on 20-07-2012 has not been posted after watching weak Asian markets today but it was very well understood on 20-07-2012 and Put Option buying SMS were sent to our clients at 03:17:17 PM on 20-07-2012.  Its those live proofs will also be updated which no one can deny.

FII & DII trading activity in Capital Market Segment on 20-Jul-2012

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-2012 1691.17 1513.06 178.11

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-2012 804.38 868.78 -64.4

Indian Stock Markets Closing Reports(20-Jul-2012)

Main features of today trading are as follows

1- Red closing.
2- Black Candle.
3- Most time sideways trading near lower levels of the day.

Ratios

Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(20-Jul-2012): 17.08

Advances & Declines

BSE Advances : 1122
BSE Declines : 1708
NSE Advances :  491
NSE Declines :  941

Nifty Open Interest Changed Today

Nifty- 4900 CE(Jul)- -25800(-5.53%)
Nifty- 4900 PE(Jul)- -130250(-2.57%)

Nifty- 5000 CE(Jul)- -136600(-17.96%)
Nifty- 5000 PE(Jul)- -52050(-0.67%)

Nifty- 5100 CE(Jul)- +23900(+1.88%)
Nifty- 5100 PE(Jul)- -566300(-8.51%)

Nifty- 5200 CE(Jul)- +941350(+24.68%)
Nifty- 5200 PE(Jul)- -861250(-13.40%)

Nifty- 5300 CE(Jul)- +1605400(+17.90%)
Nifty- 5300 PE(Jul)- -249750(-7.87%)

Closing 

Nifty- closed at 5,205.10(-37.60 Points & -0.72%)
Sensex- closed at 17,158.44(-120.41 Points & -0.70% )
CNX Midcap - closed at 7,350.90(-25.20 Points & -0.34%)
BSE SMLcap- closed at 6,675.35(-7.12 Points & -0.11%)

Nifty Spot-Levels & Trading Strategy for 23-07-2012

Nifty Spot-Levels

R3 5270
R2 5254
R1 5229
Avg 5213
S1 5188
S2 5172
S3 5147

Nifty Spot-Trading Strategy

H6 5246     Trgt 2
H5 5236     Trgt 1
H4 5227     Long breakout
H3 5216     Go Short
H2 5212
H1 5208
L1 5201
L2 5197
L3 5193     Long
L4 5182     Short Breakout
L5 5173     Trgt 1
L6 5163     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 23-07-2012

Nifty(Jul Fut)-Levels

R3 5284
R2 5266
R1 5241
Avg 5223
S1 5198
S2 5180
S3 5155

Nifty(Jul Fut)-Trading Strategy

H6 5259     Trgt 2
H5 5249     Trgt 1
H4 5239     Long breakout
H3 5227     Go Short
H2 5223
H1 5219
L1 5212
L2 5208
L3 5204     Long
L4 5192     Short Breakout
L5 5182     Trgt 1
L6 5172     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 23-07-2012

Bank Nifty(Jul Fut)-Levels

R3 10752
R2 10693
R1 10601
Avg 10542
S1 10450
S2 10391
S3 10299

Bank Nifty(Jul Fut)-Trading Strategy

H6 10660     Trgt 2
H5 10626     Trgt 1
H4 10592     Long breakout
H3 10550     Go Short
H2 10536
H1 10522
L1 10495
L2 10481
L3 10467     Long
L4 10425     Short Breakout
L5 10391     Trgt 1
L6 10357     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jul 23 to Jul 27,2012)

Nifty Spot-Weekly Levels

R3 5341
R2 5299
R1 5252
Avg 5210
S1 5163
S2 5121
S3 5074

Nifty Spot-Weekly Trading Strategy 

H6 5294     Trgt 2
H5 5274     Trgt 1
H4 5253     Long breakout
H3 5229     Go Short
H2 5221
H1 5213
L1 5196
L2 5188
L3 5180     Long
L4 5156     Short Breakout
L5 5135     Trgt 1
L6 5115     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Jul 23 to Jul 27,2012)

Bank Nifty Spot-Weekly Levels

R3 10885
R2 10797
R1 10639
Avg 10551
S1 10393
S2 10305
S3 10147

Bank Nifty Spot-Weekly Trading Strategy 

H6 10728     Trgt 2
H5 10672     Trgt 1
H4 10617     Long breakout
H3 10549     Go Short
H2 10527
H1 10504
L1 10459
L2 10436
L3 10414     Long
L4 10346     Short Breakout
L5 10291     Trgt 1
L6 10235     Trgt 2

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