Trading above 5365 after strong opening today and firstly sustaining it above has to be watched for next blasting up moves confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Pre-open Outlook(09-08-2012)
Although US markets closed flat yesterday but most Asian markets are moderately strong today morning and Indian markets will firstly trade between 5330-5365 after positive opening.As GAAR news led selling possibility and Shooting Star(Gravestone Doji Bearish) Candle formation yesterday therefore view is cautious and until Nifty will not sustain above 5365 till then next up move will not be considered. Sustaining below 5330 will be short term correction confirmation.
Technical Analysis and Market Outlook(09-08-2012)
Nifty-Intra Day Chart (08-Aug-2012):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 5338-5346
2- High volatility after GAAR news on Business news channels
3- Whole day trading between 5332-5377
As good supports at lower levels with intraday consolidation patterns therefore finally sustaining above 5365 possibility is alive but today intraday moves were affected by GAAR news on Business news channels. As soon as mentioned news was seen was seen then following lines were updated at 12:24:00 PM in Mid-session Outlook-2:-
GAAR news on Business news channels and some intraday volatility also. As technical positions reverses also due to news impact on crowd psychology therefore firstly watch sustaining beyond 5330-5365 for next trend confirmations
Although Nifty did not moved below 5330 but also could not sustain above 5365 and intraday selling on the back of mentioned news can not be ruled out. Confirmations are must through sustaining beyond 5330-5365 in the coming sessions.
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| Just click on chart for its enlarged view |
1- Consolidation between 5338-5346
2- High volatility after GAAR news on Business news channels
3- Whole day trading between 5332-5377
Conclusions from intra day chart analysis
As good supports at lower levels with intraday consolidation patterns therefore finally sustaining above 5365 possibility is alive but today intraday moves were affected by GAAR news on Business news channels. As soon as mentioned news was seen was seen then following lines were updated at 12:24:00 PM in Mid-session Outlook-2:-
GAAR news on Business news channels and some intraday volatility also. As technical positions reverses also due to news impact on crowd psychology therefore firstly watch sustaining beyond 5330-5365 for next trend confirmations
Although Nifty did not moved below 5330 but also could not sustain above 5365 and intraday selling on the back of mentioned news can not be ruled out. Confirmations are must through sustaining beyond 5330-5365 in the coming sessions.
FII & DII trading activity in Capital Market Segment on 08-Aug-2012
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Indian Stock Markets Closing Reports(08-Aug-2012)
Main features of today trading are as follows
1- Benchmark Indices closed flat.
2- Midcap and Smallcap Indices cloed in Red.
3- Closing near intraday lower levels after volatile moves.
Ratios
Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(08-Aug-2012): 17.43
Advances & Declines
BSE Advances : 1225
BSE Declines : 1622
NSE Advances : 580
NSE Declines : 872
Nifty Open Interest Changed Today
Nifty- 5100 CE(Aug)- -27,950(-1.50%)
Nifty- 5100 PE(Aug)- -180,300(-2.31%)
Nifty- 5200 CE(Aug)- 44,950(1.38%)
Nifty- 5200 PE(Aug)- 674,550(10.57%)
Nifty- 5300 CE(Aug)- -390,650(-8.68%)
Nifty- 5300 PE(Aug)- 1,055,050(18.65%)
Nifty- 5400 CE(Aug)- 334,050(4.64%)
Nifty- 5400 PE(Aug)- 477,350(22.07%)
Nifty- 5500 CE(Aug)- -360,200(-3.88%)
Nifty- 5500 PE(Aug)- 215,700(23.94%)
Closing
Nifty- closed at 5,338.00(1.30 Points & 0.02%)
Sensex- closed at 17,600.56(-1.22 Points & -0.01% )
CNX Midcap - closed at 7,272.25(-24.75 Points & -0.34%)
BSE SMLcap- closed at 6,595.87(-24.92 Points & -0.38%)
1- Benchmark Indices closed flat.
2- Midcap and Smallcap Indices cloed in Red.
3- Closing near intraday lower levels after volatile moves.
Ratios
Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(08-Aug-2012): 17.43
Advances & Declines
BSE Advances : 1225
BSE Declines : 1622
NSE Advances : 580
NSE Declines : 872
Nifty Open Interest Changed Today
Nifty- 5100 CE(Aug)- -27,950(-1.50%)
Nifty- 5100 PE(Aug)- -180,300(-2.31%)
Nifty- 5200 CE(Aug)- 44,950(1.38%)
Nifty- 5200 PE(Aug)- 674,550(10.57%)
Nifty- 5300 CE(Aug)- -390,650(-8.68%)
Nifty- 5300 PE(Aug)- 1,055,050(18.65%)
Nifty- 5400 CE(Aug)- 334,050(4.64%)
Nifty- 5400 PE(Aug)- 477,350(22.07%)
Nifty- 5500 CE(Aug)- -360,200(-3.88%)
Nifty- 5500 PE(Aug)- 215,700(23.94%)
Closing
Nifty- closed at 5,338.00(1.30 Points & 0.02%)
Sensex- closed at 17,600.56(-1.22 Points & -0.01% )
CNX Midcap - closed at 7,272.25(-24.75 Points & -0.34%)
BSE SMLcap- closed at 6,595.87(-24.92 Points & -0.38%)
Nifty Spot-Levels & Trading Strategy for 09-08-2012
Nifty Spot-Levels
R3 5412
R2 5394
R1 5366
Avg 5348
S1 5320
S2 5302
S3 5274
Nifty Spot-Trading Strategy
H6 5384 Trgt 2
H5 5373 Trgt 1
H4 5363 Long breakout
H3 5350 Go Short
H2 5346
H1 5342
L1 5333
L2 5329
L3 5325 Long
L4 5312 Short Breakout
L5 5302 Trgt 1
L6 5291 Trgt 2
R3 5412
R2 5394
R1 5366
Avg 5348
S1 5320
S2 5302
S3 5274
Nifty Spot-Trading Strategy
H6 5384 Trgt 2
H5 5373 Trgt 1
H4 5363 Long breakout
H3 5350 Go Short
H2 5346
H1 5342
L1 5333
L2 5329
L3 5325 Long
L4 5312 Short Breakout
L5 5302 Trgt 1
L6 5291 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 09-08-2012
Nifty(Aug Fut)-Levels
R3 5431
R2 5412
R1 5383
Avg 5364
S1 5335
S2 5316
S3 5287
Nifty(Aug Fut)-Trading Strategy
H6 5402 Trgt 2
H5 5391 Trgt 1
H4 5380 Long breakout
H3 5367 Go Short
H2 5362
H1 5358
L1 5349
L2 5345
L3 5340 Long
L4 5327 Short Breakout
L5 5316 Trgt 1
L6 5305 Trgt 2
R3 5431
R2 5412
R1 5383
Avg 5364
S1 5335
S2 5316
S3 5287
Nifty(Aug Fut)-Trading Strategy
H6 5402 Trgt 2
H5 5391 Trgt 1
H4 5380 Long breakout
H3 5367 Go Short
H2 5362
H1 5358
L1 5349
L2 5345
L3 5340 Long
L4 5327 Short Breakout
L5 5316 Trgt 1
L6 5305 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 09-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10792
R2 10736
R1 10647
Avg 10591
S1 10502
S2 10446
S3 10357
Bank Nifty(Aug Fut)-Trading Strategy
H6 10704 Trgt 2
H5 10671 Trgt 1
H4 10638 Long breakout
H3 10598 Go Short
H2 10585
H1 10572
L1 10545
L2 10532
L3 10519 Long
L4 10479 Short Breakout
L5 10446 Trgt 1
L6 10413 Trgt 2
R3 10792
R2 10736
R1 10647
Avg 10591
S1 10502
S2 10446
S3 10357
Bank Nifty(Aug Fut)-Trading Strategy
H6 10704 Trgt 2
H5 10671 Trgt 1
H4 10638 Long breakout
H3 10598 Go Short
H2 10585
H1 10572
L1 10545
L2 10532
L3 10519 Long
L4 10479 Short Breakout
L5 10446 Trgt 1
L6 10413 Trgt 2
Pre-Closing Outlook-3(08-08-2012)
Dow's Futures is 40 points down and all the European markets are also Red and if US markets closes in deep Red today then negative opening in Indian markets can not be ruled out.
As US markets intraday charts of last 3 days are showing selling signals therefore today its Futures negative trading may be a signal of deep Red closing of US markets today.
As US markets intraday charts of last 3 days are showing selling signals therefore today its Futures negative trading may be a signal of deep Red closing of US markets today.
Pre-Closing Outlook-2(08-08-2012)
Although sharp down from 5,377.60 but today lower levels good supports also with intraday consolidation patterns therefore finally sustaining above 5365 is expected in the coming sessions but sustaining beyond 5330-5365 should also be watched because today intraday moves are affected by GAAR news.
Pre-Closing Outlook(08-08-2012)
When consolidation patterns formations begun at lower levels then it was updated in Mid-session Outlook today and Indian markets moved up also after our this posting.
As today intraday moves were affected by GAAR news on Business news channels therefore next moves confirmation through sustaining beyond 5330-5365 was also told in Mid-session Outlook-2 and Nifty again slipped below 5365 after forming top at 5,377.60.
Our conclusion is that today lower levels good supports with intraday consolidation patterns therefore finally sustaining above 5365 is expected in the coming sessions but sustaining beyond 5330-5365 should also be watched because today intraday moves are affected by GAAR news.
As today intraday moves were affected by GAAR news on Business news channels therefore next moves confirmation through sustaining beyond 5330-5365 was also told in Mid-session Outlook-2 and Nifty again slipped below 5365 after forming top at 5,377.60.
Our conclusion is that today lower levels good supports with intraday consolidation patterns therefore finally sustaining above 5365 is expected in the coming sessions but sustaining beyond 5330-5365 should also be watched because today intraday moves are affected by GAAR news.
Mid-session Outlook-2(08-08-2012)
GAAR news on Business news channels and some intraday volatility also. As technical positions reverses also due to news impact on crowd psychology therefore firstly watch sustaining beyond 5330-5365 for next trend confirmations.
Post-open Outlook(08-08-2012)
As "Bearish Rising Wedge" formation was seen between 5330-5350 yesterday therefore following technical requirement was updated in both previous Outlooks:-
"consolidation is required for a strong rally above 5365"
Nifty is trading between 5339-5361 since opening today and slipped also from intraday higher levels but sustaining beyond 5330-5365 should be firstly watched for confirmation of final market positions between most crucial and next trend deciding resistance range(5300-5365)
As both consolidations and "Bearish Rising Wedge" formation was seen between 5300-5350 yesterday therefor more preparation is required for next decisive moves. Let market prepare and market take positions then next moves will be updated from intraday charts formations.
"consolidation is required for a strong rally above 5365"
Nifty is trading between 5339-5361 since opening today and slipped also from intraday higher levels but sustaining beyond 5330-5365 should be firstly watched for confirmation of final market positions between most crucial and next trend deciding resistance range(5300-5365)
As both consolidations and "Bearish Rising Wedge" formation was seen between 5300-5350 yesterday therefor more preparation is required for next decisive moves. Let market prepare and market take positions then next moves will be updated from intraday charts formations.
Blasting Rally above 5365 is on cards
Technical Analysis,Researches & Market Outlook
(08-08-2012)
Nifty-Intra Day Chart (07-Aug-2012):- |
| Just click on chart for its enlarged view |
1- Almost whole day continuous up moves with intraday consolidations.
2- Slipping from higher levels in last half hour after Bearish Rising Wedge formations
3- Whole day trading between 5288-5350
Conclusions from intra day chart analysis
Firstly click following topic link and understand technical positions from EOD chart:-
Blasting Rally above 5365 but after Follow Up Consolidations
Nifty traded most of the time between mentioned strong resistance range(5300-5365) and continuously moved up after intraday consolidations. "Bearish Rising Wedge" formation was seen between 5330-5350 and after that Nifty slipped also in last half hour upto 5330 therefore consolidation is firstly required for next decisive up moves.
Expected that Nifty will finally sustain above 5365 after follow up consolidations and on going rally will remain continued. Blasting rally is also expected above 5365 and this possibility is very much alive but sustaining above 5365 should also be firstly watched because "Bearish Rising Wedge" formation also on 07-08-2012.
Indian Stock Markets Closing Reports(07-Aug-2012)
Main features of today trading are as follows
1- Green closing.
2- White Candle.
3- Whole day up moves.
Ratios
Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(07-Aug-2012): 17.43
Advances & Declines
BSE Advances : 1505
BSE Declines : 1317
NSE Advances : 783
NSE Declines : 642
Nifty Open Interest Changed Today
Nifty- 5100 CE(Aug)- -204,650(-9.88%)
Nifty- 5100 PE(Aug)- 1,028,000(15.18%)
Nifty- 5200 CE(Aug)- -355,550(-9.820%)
Nifty- 5200 PE(Aug)- 1,129,300(21.49%)
Nifty- 5300 CE(Aug)- -1,122,450(-19.96%)
Nifty- 5300 PE(Aug)- 1,686,200(42.47%)
Nifty- 5400 CE(Aug)- 39,200(0.55%)
Nifty- 5400 PE(Aug)- 997,700(85.63%)
Nifty- 5500 CE(Aug)- 886,000(10.56%)
Nifty- 5500 PE(Aug)- 441,800(96.19%)
Closing
Nifty- closed at 5,336.70(54.15 Points & 1.03%)
Sensex- closed at 17,601.78(188.82 Points & 1.08% )
CNX Midcap - closed at 7,297.00(9.80 Points & 0.13%)
BSE SMLcap- closed at 6,620.79(23.58 Points & 0.36%)
1- Green closing.
2- White Candle.
3- Whole day up moves.
Ratios
Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(07-Aug-2012): 17.43
Advances & Declines
BSE Advances : 1505
BSE Declines : 1317
NSE Advances : 783
NSE Declines : 642
Nifty Open Interest Changed Today
Nifty- 5100 CE(Aug)- -204,650(-9.88%)
Nifty- 5100 PE(Aug)- 1,028,000(15.18%)
Nifty- 5200 CE(Aug)- -355,550(-9.820%)
Nifty- 5200 PE(Aug)- 1,129,300(21.49%)
Nifty- 5300 CE(Aug)- -1,122,450(-19.96%)
Nifty- 5300 PE(Aug)- 1,686,200(42.47%)
Nifty- 5400 CE(Aug)- 39,200(0.55%)
Nifty- 5400 PE(Aug)- 997,700(85.63%)
Nifty- 5500 CE(Aug)- 886,000(10.56%)
Nifty- 5500 PE(Aug)- 441,800(96.19%)
Closing
Nifty- closed at 5,336.70(54.15 Points & 1.03%)
Sensex- closed at 17,601.78(188.82 Points & 1.08% )
CNX Midcap - closed at 7,297.00(9.80 Points & 0.13%)
BSE SMLcap- closed at 6,620.79(23.58 Points & 0.36%)
FII & DII trading activity in Capital Market Segment on 07-Aug-2012
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Nifty Spot-Levels & Trading Strategy for 08-08-2012
Nifty Spot-Levels
R3 5432
R2 5391
R1 5363
PIVOT 5322
S1 5294
S2 5253
S3 5225
Nifty Spot-Trading Strategy
H6 5405 Trgt 2
H5 5389 Trgt 1
H4 5373 Long breakout
H3 5354 Go Short
H2 5348
H1 5342
L1 5329
L2 5323
L3 5317 Long
L4 5298 Short Breakout
L5 5282 Trgt 1
L6 5266 Trgt 2
R3 5432
R2 5391
R1 5363
PIVOT 5322
S1 5294
S2 5253
S3 5225
Nifty Spot-Trading Strategy
H6 5405 Trgt 2
H5 5389 Trgt 1
H4 5373 Long breakout
H3 5354 Go Short
H2 5348
H1 5342
L1 5329
L2 5323
L3 5317 Long
L4 5298 Short Breakout
L5 5282 Trgt 1
L6 5266 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 08-08-2012
Nifty(Aug Fut)-Levels
R3 5448
R2 5407
R1 5377
PIVOT 5336
S1 5306
S2 5265
S3 5235
Nifty(Aug Fut)-Trading Strategy
H6 5418 Trgt 2
H5 5402 Trgt 1
H4 5386 Long breakout
H3 5366 Go Short
H2 5360
H1 5353
L1 5340
L2 5333
L3 5327 Long
L4 5307 Short Breakout
L5 5291 Trgt 1
L6 5275 Trgt 2
R3 5448
R2 5407
R1 5377
PIVOT 5336
S1 5306
S2 5265
S3 5235
Nifty(Aug Fut)-Trading Strategy
H6 5418 Trgt 2
H5 5402 Trgt 1
H4 5386 Long breakout
H3 5366 Go Short
H2 5360
H1 5353
L1 5340
L2 5333
L3 5327 Long
L4 5307 Short Breakout
L5 5291 Trgt 1
L6 5275 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 08-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10839
R2 10744
R1 10682
PIVOT 10587
S1 10525
S2 10430
S3 10368
Bank Nifty(Aug Fut)-Trading Strategy
H6 10778 Trgt 2
H5 10742 Trgt 1
H4 10706 Long breakout
H3 10663 Go Short
H2 10648
H1 10634
L1 10605
L2 10591
L3 10576 Long
L4 10533 Short Breakout
L5 10497 Trgt 1
L6 10461 Trgt 2
R3 10839
R2 10744
R1 10682
PIVOT 10587
S1 10525
S2 10430
S3 10368
Bank Nifty(Aug Fut)-Trading Strategy
H6 10778 Trgt 2
H5 10742 Trgt 1
H4 10706 Long breakout
H3 10663 Go Short
H2 10648
H1 10634
L1 10605
L2 10591
L3 10576 Long
L4 10533 Short Breakout
L5 10497 Trgt 1
L6 10461 Trgt 2
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