Main features of today trading are as follows:-
1- Moderate reversal Gravestone Shooting Star/Gravestone Doji Bearish Candle.
2- Intra day genuine selling pattern
3- Flat closing in almost all the Indices.
4- Follow up selling today after 21st Apr selling.
Ratios:
Nifty Put Call Ratio:1.02
Nifty P/E Ratio(25-04-2011):21.94
Advances & Declines:
BSE ADVANCES : 1342
BSE DECLINES : 1568
NSE ADVANCES : 602
NSE DECLINES : 806
Nifty Open Interest Changed Today:-
Nifty- 5700 CE(28APR2011)- -1421600(-46.60%)
Nifty- 5700 PE(28APR2011)- +14550(+0.17%)
Nifty- 5800 CE(28APR2011)- -52050(-1.33%)
Nifty- 5800 PE(28APR2011)- -307950(-4.06%)
Nifty- 5900 CE(28APR2011)- +1152100(+19.99%)
Nifty- 5900 PE(28APR2011)- +194500(+2.65%)
Closing :-
Nifty- closed at 5,874.50(-10.20 Points & -0.17%)
Sensex- closed at 19,584.31(-17.92 Points & -0.09% )
CNX MIDCAP - closed at 8,327.55(+13.60 Points & +0.16%)
BSE SMALL CAP- closed at 8,899.90(+21.33 Points & +0.24%)
Nifty-Micro Analysis of Intra Day Chart(25-04-2011):-
Tomorrow(26-04-2011) Outlook
3 days selling formations
As and when intra day selling developed then intra day selling patterns formarions was told daily in Mid-session Outlooks. Just click following links and understand development of selling one by one in last 3 days:-
1- Rising Wedge(Bearish Pattern) formation between 5825-5855 on 20-04-2011.
2- Higher levels selling between 5880-5912 on 21-04-2011.
3- Genuine selling between 5874-5905 today.
As genuine selling today therefore above mentioned selling ranges are resistances and very short term correction or correction within range bound market within 5700-5900 will be seen. All trends are up and Indian markets are technically well poised for a strong rally but previous 2 sessions selling therefore Indian markets will firstly slip tomorrow. Next support range is near 5800 therefore Nifty will first trade below 5880 and most of the time negative zone trading and Red closing expected tomorrow..
1- Moderate reversal Gravestone Shooting Star/Gravestone Doji Bearish Candle.
2- Intra day genuine selling pattern
3- Flat closing in almost all the Indices.
4- Follow up selling today after 21st Apr selling.
Ratios:
Nifty Put Call Ratio:1.02
Nifty P/E Ratio(25-04-2011):21.94
Advances & Declines:
BSE ADVANCES : 1342
BSE DECLINES : 1568
NSE ADVANCES : 602
NSE DECLINES : 806
Nifty Open Interest Changed Today:-
Nifty- 5700 CE(28APR2011)- -1421600(-46.60%)
Nifty- 5700 PE(28APR2011)- +14550(+0.17%)
Nifty- 5800 CE(28APR2011)- -52050(-1.33%)
Nifty- 5800 PE(28APR2011)- -307950(-4.06%)
Nifty- 5900 CE(28APR2011)- +1152100(+19.99%)
Nifty- 5900 PE(28APR2011)- +194500(+2.65%)
Closing :-
Nifty- closed at 5,874.50(-10.20 Points & -0.17%)
Sensex- closed at 19,584.31(-17.92 Points & -0.09% )
CNX MIDCAP - closed at 8,327.55(+13.60 Points & +0.16%)
BSE SMALL CAP- closed at 8,899.90(+21.33 Points & +0.24%)
Nifty-Micro Analysis of Intra Day Chart(25-04-2011):-
 |
| Just click on chart for its enlarged view |
3 days selling formations
As and when intra day selling developed then intra day selling patterns formarions was told daily in Mid-session Outlooks. Just click following links and understand development of selling one by one in last 3 days:-
1- Rising Wedge(Bearish Pattern) formation between 5825-5855 on 20-04-2011.
2- Higher levels selling between 5880-5912 on 21-04-2011.
3- Genuine selling between 5874-5905 today.
As genuine selling today therefore above mentioned selling ranges are resistances and very short term correction or correction within range bound market within 5700-5900 will be seen. All trends are up and Indian markets are technically well poised for a strong rally but previous 2 sessions selling therefore Indian markets will firstly slip tomorrow. Next support range is near 5800 therefore Nifty will first trade below 5880 and most of the time negative zone trading and Red closing expected tomorrow..