Mid-session Outlook(07-08-2012)

As up moves continuation above 5300 after first half hour consolidations within yesterday trading range therefore on going rally will remain continued. 

Detailed analysis have already been updated yesterday with EOD chart.

Blasting Rally above 5365 but after Follow Up Consolidations

Technical Analysis,Researches & Market Outlook

(07-08-2012)

Nifty-Intra Day Chart (06-Aug-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Buying(support) between 5270-5282
2- Selling(resistance) between 5286-5293
3- Whole day trading between 5270-5293

Conclusions from intra day chart analysis

As whole day narrow range trading within 23 Nifty points with Lower levels buying and higher levels selling therefore market will firstly trade near about today trading range tomorrow and sustaining beyond today trading range will be next decisive move confirmation.

Nifty-EOD Chart(06-Aug-2012):-

Just click on chart for its enlarged view

Conclusions from EOD chart analysis

Strong Resistance between 5300-5365 and Nifty traded whole day today between 5270-5293 which is just below mentioned strong resistance range. As intraday selling patterns are also seen between 23 Nifty points narrow range therefore until complete consolidation will not be seen below 5300 and between above mentioned resistance range till then Nifty will not cross 5365.

Conclusions (After Putting All Studies Together)

As both intraday buying and selling patterns today therefore Indian markets are equally poised today for any side moves and today trading range forceful break out or sustaining beyond will pave the way of next trend.

All trends are up but follow up consolidations are must for crossing and sustaining above mentioned resistance ranges. As lower levels consolidations also seen today therefore on going rally continuation hopes are alive but next up moves may also be slow between 5300-5365.

Inverted Head and Shoulders like formations are also being developed and its confirmations will be above 5365(Neckline). Sustaining above 5365 will be confirmation of strong resistance crossing and huge Inverted Head and Shoulders formation which will result strong,blasting and fast moves.

Indian Stock Markets Closing Reports(06-Aug-2012)

Main features of today trading are as follows

1- Green closing after big gap up opening.
2- White Candle formation.
3- Range bound trading in positive zone.

Ratios

Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(06-Aug-2012): 17.25

Advances & Declines

BSE Advances : 1672
BSE Declines : 1170
NSE Advances :  900
NSE Declines :  544

Nifty Open Interest Changed Today

Nifty- 5000 CE(Aug)- -300,150(-17.48%)
Nifty- 5000 PE(Aug)- 80,450(0.78%)

Nifty- 5100 CE(Aug)- -208,100(-9.13%)
Nifty- 5100 PE(Aug)- 249,400(3.82%)

Nifty- 5200 CE(Aug)- -565,350(-13.51%)
Nifty- 5200 PE(Aug)- 256,150(5.12%)

Nifty- 5300 CE(Aug)- 298,800(5.61%)
Nifty- 5300 PE(Aug)- 1,361,450 (52.19%)

Nifty- 5400 CE(Aug)- 1,033,200(16.84%)
Nifty- 5400 PE(Aug)- 331,100(39.70%)

Closing 

Nifty- closed at 5,282.55(66.85 Points & 1.28%)
Sensex- closed at 17,412.96(215.03 Points & 1.25% )
CNX Midcap - closed at 7,287.20(42.30 Points & 0.58%)
BSE SMLcap- closed at 6,597.21(51.51 Points & 0.79%)

FII Trading Data in Derivatives Segment on 06-Aug-2012

FII & DII trading activity in Capital Market Segment on 06-Aug-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Aug-2012 1738.14 1182.41 555.73

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Aug-2012 876.85 881.08 -4.23

Nifty Spot-Levels & Trading Strategy for 07-08-2012

Nifty Spot-Levels

R3 5329
R2 5311
R1 5296
Avg 5278
S1 5263
S2 5245
S3 5230

Nifty Spot-Trading Strategy

H6 5315     Trgt 2
H5 5307     Trgt 1
H4 5300     Long breakout
H3 5291     Go Short
H2 5288
H1 5285
L1 5278
L2 5275
L3 5272     Long
L4 5263     Short Breakout
L5 5256     Trgt 1
L6 5248     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 07-08-2012

Nifty(Aug Fut)-Levels

R3 5341
R2 5325
R1 5310
Avg 5294
S1 5279
S2 5263
S3 5248

Nifty(Aug Fut)-Trading Strategy

H6 5327     Trgt 2
H5 5320     Trgt 1
H4 5313     Long breakout
H3 5304     Go Short
H2 5301
H1 5298
L1 5293
L2 5290
L3 5287     Long
L4 5278     Short Breakout
L5 5271     Trgt 1
L6 5264     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 07-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10950
R2 10842
R1 10684
Avg 10576
S1 10418
S2 10310
S3 10152

Bank Nifty(Aug Fut)-Trading Strategy

H6 10794     Trgt 2
H5 10733     Trgt 1
H4 10673     Long breakout
H3 10600     Go Short
H2 10575
H1 10551
L1 10502
L2 10478
L3 10453     Long
L4 10380     Short Breakout
L5 10320     Trgt 1
L6 10259     Trgt 2

Pre-Closing Outlook(06-08-2012)

Following line was told in Post-open Outlook-2 at 10:43:00 AM today:-

"lower levels supports after minor profit booking may be seen and firstly 5255-5285 should be watched for this purpose"

Nifty traded more than 3 hours within above mentioned range and moved up after getting intraday supports between 5270-5285.

Minor profit booking at higher levels but lower levels good intraday spports also between 5261-5293 today therefore finally sustaining beyond this range should be firstly watched tomorrow.

As Resistances above 5300 therefore consolidations is required for decisive up moves above 5300 and next up moves may also be slow between 5300-5349 as well as sustaining above 5349 will be confirmation of strong fast moves.

Mid-session Outlook(06-08-2012)

As first hour up moves were without required force therefore minor profit booking possibility was told and supports getting range of 5255-5285 was also given in both previous Post-open Outlooks. Nifty traded most time between mentioned range today.

As minor profit booking today therefore fresh long positions should be built up after supports getting confirmations between mentioned range(5255-5290).

Post-open Outlook-2(06-08-2012)

As Sentiment heated after blasting Global markets therefore lower levels supports after minor profit booking may be seen and firstly 5255-5285 should be watched for this purpose.

Post-open Outlook(06-08-2012)

Although up moves immediately after opening today but without required force therefore profit booking possibility will be also considered.

Rally is Very Much On

Technical Analysis,Research & Weekly Outlook

(Aug 06 to Aug 10,2012)

Nifty-EOD Chart (03-Aug-2012):-

Just click on chart for its enlarged view

Conclusions from EOD chart analysis 

Impulsive Wave-3 continuation after correction completion on 04-06-2012 in the form of Sub Wave-1 which completed at 5348.55 on 10-07-2012 and its correction begun in the form of Sub Wave-2.

Nifty moved below Long Trem Trend decider both 200-Day EMA and 200-Day SMA in correction and got support at 5032.40 on 26-07-2012 but its confirmation was required through sustaining above next immediate resistance between 5200-5250.

As Nifty traded most time between 5200-5250  with lower levels intraday consolidation patterns formations therefore we told many times for final sustaining above 5250 and its live proofs are available in all previous week Outlooks:-

When US and European markets were trading in deep Red  then also we were not Bearish amd told following lines at 07:27:00 PM on 02-08-2012:-

Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still alive.

We always projected for rally continuation after sustaining above 5250 and it will be seen today after gap up opening above 5250 and finally sustaining it above. Expected that rally will remain continued above Sub Wave-1 top at 5348.55 in the coming week.

Indian Stock Markets Closing Reports(03-Aug-2012)

Main features of today trading are as follows

1- Red closing.
2- White Candle.
3- Closing near day's high after good support at lower levels.

Ratios

Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(03-Aug-2012): 17.03

Advances & Declines

BSE Advances : 1223
BSE Declines : 1568
NSE Advances :  576
NSE Declines :  852

Nifty Open Interest Changed Today

Nifty- 5000 CE(Aug)- 23,200(1.03%)
Nifty- 5000 PE(Aug)- 829,050(8.80%)

Nifty- 5100 CE(Aug)- -0000(0.16%)
Nifty- 5100 PE(Aug)- 358,050(5.81%)

Nifty- 5200 CE(Aug)- 6,700(-00.00%)
Nifty- 5200 PE(Aug)- 23,350(0.47%)

Nifty- 5300 CE(Aug)- -0000(-00.00%)
Nifty- 5300 PE(Aug)- 400,850(18.16%)

Nifty- 5400 CE(Aug)- 805,450(17.83%)
Nifty- 5400 PE(Aug)- 11,550(1.40%)

Closing 

Nifty- closed at 5,215.70(-12.05 Points & -0.23%)
Sensex- closed at 17,197.93(-26.43 Points & -0.15% )
CNX Midcap - closed at 7,244.90(-11.00 Points & -0.15%)
BSE SMLcap- closed at 6,545.70(-5.09 Points & -0.08%)

Nifty Spot-Levels & Trading Strategy for 06-08-2012

Nifty Spot-Levels

R3 5292
R2 5256
R1 5236
Avg 5200
S1 5180
S2 5144
S3 5124

Nifty Spot-Trading Strategy

H6 5272     Trgt 2
H5 5259     Trgt 1
H4 5246     Long breakout
H3 5231     Go Short
H2 5226
H1 5221
L1 5210
L2 5205
L3 5200     Long
L4 5185     Short Breakout
L5 5172     Trgt 1
L6 5159     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 06-08-2012

Nifty(Aug Fut)-Levels

R3 5437
R2 5341
R1 5291
Avg 5195
S1 5145
S2 5049
S3 4999

Nifty(Aug Fut)-Trading Strategy

H6 5391     Trgt 2
H5 5356     Trgt 1
H4 5321    Long breakout
H3 5281     Go Short
H2 5267
H1 5254
L1 5227
L2 5214
L3 5200     Long
L4 5160     Short Breakout
L5 5125     Trgt 1
L6 5090     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 06-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10596
R2 10502
R1 10443
Avg 10349
S1 10290
S2 10196
S3 10137

Bank Nifty(Aug Fut)-Trading Strategy

H6 10538     Trgt 2
H5 10503     Trgt 1
H4 10468     Long breakout
H3 10426     Go Short
H2 10412
H1 10398
L1 10369
L2 10355
L3 10341     Long
L4 10299     Short Breakout
L5 10264     Trgt 1
L6 10229     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Aug 06 to Aug 10,2012)

Nifty Spot-Weekly Levels

R3 5380
R2 5313
R1 5264
Avg 5197
S1 5148
S2 5081
S3 5032

Nifty Spot-Weekly Trading Strategy 

H6 5333     Trgt 2
H5 5306     Trgt 1
H4 5279     Long breakout
H3 5247     Go Short
H2 5237
H1 5226
L1 5205
L2 5194
L3 5184     Long
L4 5152     Short Breakout
L5 5125     Trgt 1
L6 5098     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Aug 06 to Aug 10,2012)

Bank Nifty Spot-Weekly Levels

R3 10711
R2 10589
R1 10452
Avg 10330
S1 10193
S2 10071
S3 9934

Bank Nifty Spot-Weekly Trading Strategy 

H6 10576     Trgt 2
H5 10517     Trgt 1
H4 10457     Long breakout
H3 10386     Go Short
H2 10362
H1 10338
L1 10291
L2 10267
L3 10243    Long
L4 10172     Short Breakout
L5 10112     Trgt 1
L6 10053     Trgt 2

FII Trading Data in Derivatives Segment on 03-Aug-2012

FII & DII trading activity in Capital Market Segment on 03-Aug-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 03-Aug-2012 1508.84 1300.15 208.69

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 03-Aug-2012 804.26 1238.91 -434.65