Post-closing Report(15-04-2011) & Monday Outlook
INFY over reacted after results today and closed 9.58% down after announcing good results and guidance. Maeket sharply down immediately after inflation rise news and Banks stocks also beaten down as well. Other features are as follows:-
1- Bearish Harami Candle
2- Falling Wedge(Bullish) Pattern between 5850-5812
3- Most of the Indices closed in Red
4- Higher levels selling and lower levels buying seen in intra day chart.
Ratios:
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(15-04-2011): 22.02
Advances & Declines:
BSE ADVANCES : 1276
BSE DECLINES : 1630
NSE ADVANCES : 515
NSE DECLINES : 894
Nifty Open Interest Changed Today:-
Nifty- 5800 CE(28APR2011)- +1122450(+29.04%)
Nifty- 5800 PE(28APR2011)- -822450(-12.29%)
Nifty- 5900 CE(28APR2011)- +1142850(+23.07%)
Nifty- 5900 PE(28APR2011)- -2027050(-37.09%)
Closing :-
Nifty- closed at 5,824.55(-86.95 Points & -1.47%)
Sensex- closed at 19,386.82(-310.04 Points & -1.57% )
CNX MIDCAP - closed at 8,317.85(-31.20 Points & -0.37%)
BSE SMALL CAP- closed at 8,808.16(-15.30 Points & -0.17%)
Nifty-Micro Analysis of Intra Day Chart(15-04-2011):-
Monday(18-04-2011) Outlook
All trends are up and last Friday 86.95 Points down was 61.8% correction of one day before 125.80 sharp surge. Intraday patterns of last Friday showed lower level support and bullish pattern also therefore Nifty will not dip and will firstly trade between 5810-5875. As minor correction has been completed and bullish intraday pattern(Falling Wedge) also last Friday therefore firstly fresh consolidations and follow up buying between 5810-5875 will be seen after positive opening next Monday and Most of the time positive market and finally Green Closing expected as well.
For detailed intra day chart analysis of last Friday just click go through following topic:-
Nifty-Micro Analysis of Intra Day Chart(15-04-2011)
(Detailed analysis will be posted within next 2 days in Weekly Outlook(18-04-2011 to 21-04-2011) and other analytical topics)
INFY over reacted after results today and closed 9.58% down after announcing good results and guidance. Maeket sharply down immediately after inflation rise news and Banks stocks also beaten down as well. Other features are as follows:-
1- Bearish Harami Candle
2- Falling Wedge(Bullish) Pattern between 5850-5812
3- Most of the Indices closed in Red
4- Higher levels selling and lower levels buying seen in intra day chart.
Ratios:
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(15-04-2011): 22.02
Advances & Declines:
BSE ADVANCES : 1276
BSE DECLINES : 1630
NSE ADVANCES : 515
NSE DECLINES : 894
Nifty Open Interest Changed Today:-
Nifty- 5800 CE(28APR2011)- +1122450(+29.04%)
Nifty- 5800 PE(28APR2011)- -822450(-12.29%)
Nifty- 5900 CE(28APR2011)- +1142850(+23.07%)
Nifty- 5900 PE(28APR2011)- -2027050(-37.09%)
Closing :-
Nifty- closed at 5,824.55(-86.95 Points & -1.47%)
Sensex- closed at 19,386.82(-310.04 Points & -1.57% )
CNX MIDCAP - closed at 8,317.85(-31.20 Points & -0.37%)
BSE SMALL CAP- closed at 8,808.16(-15.30 Points & -0.17%)
Nifty-Micro Analysis of Intra Day Chart(15-04-2011):-
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| Just click on chart for its enlarged view |
All trends are up and last Friday 86.95 Points down was 61.8% correction of one day before 125.80 sharp surge. Intraday patterns of last Friday showed lower level support and bullish pattern also therefore Nifty will not dip and will firstly trade between 5810-5875. As minor correction has been completed and bullish intraday pattern(Falling Wedge) also last Friday therefore firstly fresh consolidations and follow up buying between 5810-5875 will be seen after positive opening next Monday and Most of the time positive market and finally Green Closing expected as well.
For detailed intra day chart analysis of last Friday just click go through following topic:-
Nifty-Micro Analysis of Intra Day Chart(15-04-2011)
(Detailed analysis will be posted within next 2 days in Weekly Outlook(18-04-2011 to 21-04-2011) and other analytical topics)