Indian victory in Historical Cricket Match
Nifty traded whole day today between 5770-5800. Following lines were told in Mid-session Outlook for today trading and being repeated:-
1- Sentiment heated after 438 points rise in last 8 sessions
2- Very short term indicators are over bought
3- some pivotal intraday chart are showing selling patterns
4- Indian markets are underperforming Asian markets
Nifty F&O data of today as follows:-
Put Call Ratio- 1.08
Open Interest Changed Today
Nifty- 5700 CE(31MAR2011)- -1169700(-20.79%)
Nifty- 5700 PE(31MAR2011)- +420650(+5.93%)
Nifty- 5800 CE(31MAR2011)- +581050(+8.43%)
Nifty- 5800 PE(31MAR2011)- +2483500(+64.02%)
Today Closing
Sensex- closed at 19290.18(+169.38 Points & +0.89% )
Nifty- closed at 5787.65(+51.30 Points & +0.89%%)
CNX MIDCAP - closed at 8031.80(+129.80 Points & +1.64%)
BSE SMALL CAP- closed at 8158.67 (+175.83 Points & +2.20%)
Tomorrow(31-03-2011) Outlook
All trends are up,Rally is on and Nifty is trading within resistance range(5700-5900) and consolidation is required before any upmove. It is the character of Bullish rally that:-
1- Markets ususlly consolidate at higher levels.
2- Market does not dip too much.
3- Very short term indicators remains longer period in overbought zone.
Nifty will first hover around today range(5770-5800) and will prepare for next moves. Consolidation,rally and positive closing expected expected tomorrow.
Nifty traded whole day today between 5770-5800. Following lines were told in Mid-session Outlook for today trading and being repeated:-
1- Sentiment heated after 438 points rise in last 8 sessions
2- Very short term indicators are over bought
3- some pivotal intraday chart are showing selling patterns
4- Indian markets are underperforming Asian markets
 |
| Nifty Intra Day Chart of Today |
Put Call Ratio- 1.08
Open Interest Changed Today
Nifty- 5700 CE(31MAR2011)- -1169700(-20.79%)
Nifty- 5700 PE(31MAR2011)- +420650(+5.93%)
Nifty- 5800 CE(31MAR2011)- +581050(+8.43%)
Nifty- 5800 PE(31MAR2011)- +2483500(+64.02%)
Today Closing
Sensex- closed at 19290.18(+169.38 Points & +0.89% )
Nifty- closed at 5787.65(+51.30 Points & +0.89%%)
CNX MIDCAP - closed at 8031.80(+129.80 Points & +1.64%)
BSE SMALL CAP- closed at 8158.67 (+175.83 Points & +2.20%)
Tomorrow(31-03-2011) Outlook
All trends are up,Rally is on and Nifty is trading within resistance range(5700-5900) and consolidation is required before any upmove. It is the character of Bullish rally that:-
1- Markets ususlly consolidate at higher levels.
2- Market does not dip too much.
3- Very short term indicators remains longer period in overbought zone.
Nifty will first hover around today range(5770-5800) and will prepare for next moves. Consolidation,rally and positive closing expected expected tomorrow.