Although Nifty is trading near the highs of today(at 5241) at this moment but selling signals emerging in last one hour intraday charts therefore view turned cautious and firstly previous resistance range(5200-5250) break out should be watched for next moves confirmations.
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Post-open Outlook(01-08-2012)
As mixed intra day trading patterns were seen within 5204-5234 yesterday therefore following line was told today in Rally Continuation after correction Completion:-
"Nifty will firstly trade within yesterday Mixed Patterns range(5205-5234)"
Although Indian markets slipped from higher levels today but intraday patterns are showing consolidation signals and expected that finally on going rally will remain continued after follow up consolidations.
"Nifty will firstly trade within yesterday Mixed Patterns range(5205-5234)"
Although Indian markets slipped from higher levels today but intraday patterns are showing consolidation signals and expected that finally on going rally will remain continued after follow up consolidations.
Rally Continuation after correction Completion
Nifty-EOD Chart (31-Jul-2012):-
Conclusions from EOD chart analysis
Wave-3 is on after correction completion at 5032.40 on 26-07-2012. For detailed analysis of correction nature fust click following topic link and understand:-
Rally after correction completion above 5161
Nifty-Intra Day Chart (31-Jul-2012):-
Technical Patterns and Formations in today intraday charts
1- Support between 5155-5186
2- Mixed Patterns between 5204-5234
3- Whole day trading between 5155-5234
Conclusions from intra day chart analysis
Closing near intraday higher levels after good support at lower levels but last more than 1 hour trading with mixed patterns therefore consolidation is firstly required for moves above yesterday highs.
As whole day intraday chart pattern is showing consolidation formations therefore finally rally continuation is expected.
Rally is on after 'ABC' correction completion as well as getting supports at 200-Day SMA and 200-Day EMA. As yesterday intraday charts are also showing consolidation formation therefore no hurdle and on going rally continuation is expected but more consolidation is required because last hour mixed intraday patterns yesterday and at present trading within resistance range of 5200-5250.
Pre-open Outlook(01-08-2012)
All the Asian markets are in Red except SSEC after negative closing in US markets therefore sentiment is dampened today morning. As US and European markets intraday charts of yesterday are showing selling formations therefore weakness is expected in US and European markets today and sentiment may remain depressed tomorrow also.
Expected that Nifty will firstly trade within yesterday Mixed Patterns range(5205-5234) and finally on going rally will remain continued after follow up consolidations in the coming sessions.
Just click on chart for its enlarged view |
Wave-3 is on after correction completion at 5032.40 on 26-07-2012. For detailed analysis of correction nature fust click following topic link and understand:-
Rally after correction completion above 5161
Nifty-Intra Day Chart (31-Jul-2012):-
Just click on chart for its enlarged view |
1- Support between 5155-5186
2- Mixed Patterns between 5204-5234
3- Whole day trading between 5155-5234
Conclusions from intra day chart analysis
Closing near intraday higher levels after good support at lower levels but last more than 1 hour trading with mixed patterns therefore consolidation is firstly required for moves above yesterday highs.
As whole day intraday chart pattern is showing consolidation formations therefore finally rally continuation is expected.
Conclusions (After Putting All Studies Together)
Rally is on after 'ABC' correction completion as well as getting supports at 200-Day SMA and 200-Day EMA. As yesterday intraday charts are also showing consolidation formation therefore no hurdle and on going rally continuation is expected but more consolidation is required because last hour mixed intraday patterns yesterday and at present trading within resistance range of 5200-5250.
Pre-open Outlook(01-08-2012)
All the Asian markets are in Red except SSEC after negative closing in US markets therefore sentiment is dampened today morning. As US and European markets intraday charts of yesterday are showing selling formations therefore weakness is expected in US and European markets today and sentiment may remain depressed tomorrow also.
Expected that Nifty will firstly trade within yesterday Mixed Patterns range(5205-5234) and finally on going rally will remain continued after follow up consolidations in the coming sessions.
Indian Stock Markets Closing Reports(31-07-2012)
Main features of today trading are as follows
1- Benchmark Indices closed in Green.
2- White Candle.
3- Closing near higher levels after lower levels supports.
Ratios
Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(31-07-2012): 17.09
Advances & Declines
BSE Advances : 1384
BSE Declines : 1342
NSE Advances : 741
NSE Declines : 658
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -47050(-2.53%)
Nifty- 5000 PE(Aug)- -200900(-2.39%)
Nifty- 5100 CE(Aug)- -65500(-2.35%)
Nifty- 5100 PE(Aug)- 395250(7.49%)
Nifty- 5200 CE(Aug)- 220550(5.65%)
Nifty- 5200 PE(Aug)- 696400(22.56%)
Nifty- 5300 CE(Aug)- 220400(5.61%)
Nifty- 5300 PE(Aug)- 191650(10.35%)
Closing
Nifty- closed at 5,229.00(29.20 Points & 0.56%)
Sensex- closed at 17,236.18(92.50 Points & 0.54% )
CNX Midcap - closed at 7,168.50(28.45 Points & 0.40%)
BSE SMLcap- closed at 6,447.89(8.10 Points & 0.13%)
1- Benchmark Indices closed in Green.
2- White Candle.
3- Closing near higher levels after lower levels supports.
Ratios
Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(31-07-2012): 17.09
Advances & Declines
BSE Advances : 1384
BSE Declines : 1342
NSE Advances : 741
NSE Declines : 658
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -47050(-2.53%)
Nifty- 5000 PE(Aug)- -200900(-2.39%)
Nifty- 5100 CE(Aug)- -65500(-2.35%)
Nifty- 5100 PE(Aug)- 395250(7.49%)
Nifty- 5200 CE(Aug)- 220550(5.65%)
Nifty- 5200 PE(Aug)- 696400(22.56%)
Nifty- 5300 CE(Aug)- 220400(5.61%)
Nifty- 5300 PE(Aug)- 191650(10.35%)
Closing
Nifty- closed at 5,229.00(29.20 Points & 0.56%)
Sensex- closed at 17,236.18(92.50 Points & 0.54% )
CNX Midcap - closed at 7,168.50(28.45 Points & 0.40%)
BSE SMLcap- closed at 6,447.89(8.10 Points & 0.13%)
FII & DII trading activity in Capital Market Segment on 31-Jul-2012
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Nifty Spot-Levels & Trading Strategy for 01-08-2012
Nifty Spot-Levels
R3 5337
R2 5285
R1 5257
PIVOT 5205
S1 5177
S2 5125
S3 5097
Nifty Spot-Trading Strategy
H6 5310 Trgt 2
H5 5291 Trgt 1
H4 5273 Long breakout
H3 5251 Go Short
H2 5243
H1 5236
L1 5221
L2 5214
L3 5207 Long
L4 5185 Short Breakout
L5 5166 Trgt 1
L6 5147 Trgt 2
R3 5337
R2 5285
R1 5257
PIVOT 5205
S1 5177
S2 5125
S3 5097
Nifty Spot-Trading Strategy
H6 5310 Trgt 2
H5 5291 Trgt 1
H4 5273 Long breakout
H3 5251 Go Short
H2 5243
H1 5236
L1 5221
L2 5214
L3 5207 Long
L4 5185 Short Breakout
L5 5166 Trgt 1
L6 5147 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2012
Nifty(Aug Fut)-Levels
R3 5347
R2 5297
R1 5268
PIVOT 5218
S1 5189
S2 5139
S3 5110
Nifty(Aug Fut)-Trading Strategy
H6 5320 Trgt 2
H5 5301 Trgt 1
H4 5283 Long breakout
H3 5261 Go Short
H2 5254
H1 5247
L1 5232
L2 5225
L3 5218 Long
L4 5196 Short Breakout
L5 5178 Trgt 1
L6 5159 Trgt 2
R3 5347
R2 5297
R1 5268
PIVOT 5218
S1 5189
S2 5139
S3 5110
Nifty(Aug Fut)-Trading Strategy
H6 5320 Trgt 2
H5 5301 Trgt 1
H4 5283 Long breakout
H3 5261 Go Short
H2 5254
H1 5247
L1 5232
L2 5225
L3 5218 Long
L4 5196 Short Breakout
L5 5178 Trgt 1
L6 5159 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10761
R2 10637
R1 10536
PIVOT 10412
S1 10311
S2 10187
S3 10086
Bank Nifty(Aug Fut)-Trading Strategy
H6 10663 Trgt 2
H5 10610 Trgt 1
H4 10558 Long breakout
H3 10496 Go Short
H2 10476
H1 10455
L1 10414
L2 10393
L3 10373 Long
L4 10311 Short Breakout
L5 10259 Trgt 1
L6 10206 Trgt 2
R3 10761
R2 10637
R1 10536
PIVOT 10412
S1 10311
S2 10187
S3 10086
Bank Nifty(Aug Fut)-Trading Strategy
H6 10663 Trgt 2
H5 10610 Trgt 1
H4 10558 Long breakout
H3 10496 Go Short
H2 10476
H1 10455
L1 10414
L2 10393
L3 10373 Long
L4 10311 Short Breakout
L5 10259 Trgt 1
L6 10206 Trgt 2
Pre-Closing Outlook(31-07-2012)
As intraday consolidations patterns today threfore expected that on going rally will remain continued in the coming sessions after some more consolidations within resistance range(5200-5250).
Mid-session Outlook-2(31-07-2012)
When no good news from RBI Credit Policy and Indian markets were trading at the lower levels of the day then following line was told in Mid-session Outlook at 12:12 PM today:-
Let on going correction complete then fresh up moves will be seen.
Indian markets moved up according to our expectations and new intraday high formed at 5221.25. Intraday supports at lower levels today and now trading between resistance range(5200-5250) but expected that rally will remain continued after follow up consolidations.
Let on going correction complete then fresh up moves will be seen.
Indian markets moved up according to our expectations and new intraday high formed at 5221.25. Intraday supports at lower levels today and now trading between resistance range(5200-5250) but expected that rally will remain continued after follow up consolidations.
Mid-session Outlook(31-07-2012)
When Indian markets were trading near the top of the day then within first 6 minutes we cautioned and told following words:-
Positive opening but not strong
we were not expecting any up move today therefore we updated following topic yesterday:-
Rally continuation after 1/2 Sessions Consolidations
It is consolidation day today and market is correcting yesterday good up moves. Let on going correction complete then fresh up moves will be seen.
Positive opening but not strong
we were not expecting any up move today therefore we updated following topic yesterday:-
Rally continuation after 1/2 Sessions Consolidations
It is consolidation day today and market is correcting yesterday good up moves. Let on going correction complete then fresh up moves will be seen.
Post-open Outlook(31-07-2012)
Positive opening but not strong and firstly sustaining beyond 5200 should be watched for next moves confirmations.
RBI Credit Policy today and volatility can not be ruled out. Nifty is trading between resistance range(5200-5250) and complete consolidation is required for decisive up moves above 5250.
RBI Credit Policy today and volatility can not be ruled out. Nifty is trading between resistance range(5200-5250) and complete consolidation is required for decisive up moves above 5250.
Rally continuation after 1/2 Sessions Consolidations
Technical Analysis and Research For 31-07-2012
Nifty-Intra Day Chart (30-Jul-2012):-
Just click on chart for its enlarged view |
1- Consolidation between 5149-5159
2- Consolidation between 5171-5184
3- Long White Marubozu Candle formation
4- Whole day trading between 5138-5205
Conclusions from intra day chart analysis
Trend reversal confirmation through forceful break out today after 'ABC' correction completion and getting support at 200-Day SMA/200-Day EMA.
Above line has not been told after strong up moves today but when Indian markets were trading at lower levels between 5149-5159 then following line was told today at 11:15:00 AM in Mid-session Outlook(30-07-2012):-
"As intraday patterns are showing buying signals therefore break out above 5161 possibilities are turning higher now"
Very short term indicators are overbought today and sentiment is heated as well as resistances between 5200-5258 also therefore Indian markets may be range bound in the coming 1/2 sessions but expected that finally on going rally will remain continued after fresh consolidations.
Just click following Topic link for understanding EOD Chart analysis also:-
Indian Stock Markets Closing Reports(30-Jul-2012)
Main features of today trading are as follows
1- Green closing
2- White Candle.
3- All the Indices closed in Green.
Ratios
Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(30-Jul-2012): 17.00
Advances & Declines
BSE Advances : 1604
BSE Declines : 1164
NSE Advances : 952
NSE Declines : 494
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -74800(-3.87%)
Nifty- 5000 PE(Aug)- 216700(2.65%)
Nifty- 5100 CE(Aug)- -250500(-8.24%)
Nifty- 5100 PE(Aug)- 653750(14.14%)
Nifty- 5200 CE(Aug)- -55700(-1.36%)
Nifty- 5200 PE(Aug)- 1089250(53.01%)
Nifty- 5300 CE(Aug)- -76500(-1.91%)
Nifty- 5300 PE(Aug)- 169750(10.09%)
Closing
Nifty- closed at 5,199.80(99.95 Points & 1.96%)
Sensex- closed at 17,143.68(304.49 Points & 1.81%) )
CNX Midcap - closed at 7,140.05(116.30 Points & 1.66%)
BSE SMLcap- closed at 6,439.79(60 82 Points & 1.29%)
1- Green closing
2- White Candle.
3- All the Indices closed in Green.
Ratios
Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(30-Jul-2012): 17.00
Advances & Declines
BSE Advances : 1604
BSE Declines : 1164
NSE Advances : 952
NSE Declines : 494
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -74800(-3.87%)
Nifty- 5000 PE(Aug)- 216700(2.65%)
Nifty- 5100 CE(Aug)- -250500(-8.24%)
Nifty- 5100 PE(Aug)- 653750(14.14%)
Nifty- 5200 CE(Aug)- -55700(-1.36%)
Nifty- 5200 PE(Aug)- 1089250(53.01%)
Nifty- 5300 CE(Aug)- -76500(-1.91%)
Nifty- 5300 PE(Aug)- 169750(10.09%)
Closing
Nifty- closed at 5,199.80(99.95 Points & 1.96%)
Sensex- closed at 17,143.68(304.49 Points & 1.81%) )
CNX Midcap - closed at 7,140.05(116.30 Points & 1.66%)
BSE SMLcap- closed at 6,439.79(60 82 Points & 1.29%)
FII & DII trading activity in Capital Market Segment on 30-Jul-2012
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Nifty Spot-Levels & Trading Strategy for 31-07-2012
Nifty Spot-Levels
R3 5304
R2 5255
R1 5227
PIVOT 5178
S1 5150
S2 5101
S3 5073
Nifty Spot-Trading Strategy
H6 5277 Trgt 2
H5 5259 Trgt 1
H4 5241 Long breakout
H3 5220 Go Short
H2 5213
H1 5206
L1 5191
L2 5184
L3 5177 Long
L4 5156 Short Breakout
L5 5138 Trgt 1
L6 5120 Trgt 2
R3 5304
R2 5255
R1 5227
PIVOT 5178
S1 5150
S2 5101
S3 5073
Nifty Spot-Trading Strategy
H6 5277 Trgt 2
H5 5259 Trgt 1
H4 5241 Long breakout
H3 5220 Go Short
H2 5213
H1 5206
L1 5191
L2 5184
L3 5177 Long
L4 5156 Short Breakout
L5 5138 Trgt 1
L6 5120 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 31-07-2012
Nifty(Aug Fut)-Levels
R3 5345
R2 5284
R1 5250
PIVOT 5189
S1 5155
S2 5094
S3 5060
Nifty(Aug Fut)-Trading Strategy
H6 5312 Trgt 2
H5 5290 Trgt 1
H4 5268 Long breakout
H3 5242 Go Short
H2 5233
H1 5224
L1 5207
L2 5198
L3 5189 Long
L4 5163 Short Breakout
L5 5141 Trgt 1
L6 5119 Trgt 2
R3 5345
R2 5284
R1 5250
PIVOT 5189
S1 5155
S2 5094
S3 5060
Nifty(Aug Fut)-Trading Strategy
H6 5312 Trgt 2
H5 5290 Trgt 1
H4 5268 Long breakout
H3 5242 Go Short
H2 5233
H1 5224
L1 5207
L2 5198
L3 5189 Long
L4 5163 Short Breakout
L5 5141 Trgt 1
L6 5119 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 31-07-2012
Bank Nifty(Aug Fut)-Levels
R3 10776
R2 10631
R1 10551
PIVOT 10406
S1 10326
S2 10181
S3 10101
Bank Nifty(Aug Fut)-Trading Strategy
H6 10701 Trgt 2
H5 10648 Trgt 1
H4 10595 Long breakout
H3 10533 Go Short
H2 10513
H1 10492
L1 10451
L2 10430
L3 10410 Long
L4 10348 Short Breakout
L5 10295 Trgt 1
L6 10242 Trgt 2
R3 10776
R2 10631
R1 10551
PIVOT 10406
S1 10326
S2 10181
S3 10101
Bank Nifty(Aug Fut)-Trading Strategy
H6 10701 Trgt 2
H5 10648 Trgt 1
H4 10595 Long breakout
H3 10533 Go Short
H2 10513
H1 10492
L1 10451
L2 10430
L3 10410 Long
L4 10348 Short Breakout
L5 10295 Trgt 1
L6 10242 Trgt 2
Pre-Closing Outlook(30-07-2012)
As consolidation patterns formations and buying signals generstion in intraday charts therefore possibility of moving above 5161 was told in all the 3 previous Outlooks today and Nifty is trading above 5161 for the last 2 hours.
Technically Indian markets are well prepared for a strong rally after 'ABC' correction completion as well as getting support at 200-Day SMA.
Technically Indian markets are well prepared for a strong rally after 'ABC' correction completion as well as getting support at 200-Day SMA.
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