Main features of today trading are as follows
1- Most indics closed in Red
2- Reb Candle
3- Mixed intraday trading patterns
Ratios:
Nifty Put Call Ratio: 0.81
Nifty P/E Ratio(04-05-2011): 20.58
Advances & Declines:
BSE ADVANCES : 1073
BSE DECLINES : 1751
NSE ADVANCES : 446
NSE DECLINES : 961
Nifty Open Interest Changed Today:-
Nifty- 5500 CE(28APR2011)- +1556900(+111.81%)
Nifty- 5500 PE(28APR2011)- +644250(+14.29%)
Nifty- 5600 CE(28APR2011)- +1337900(+36.70%)
Nifty- 5600 PE(28APR2011)- -194550(-3.42%)
Closing :-
Nifty- closed at 5,537.15(-28.10 Points & -0.50%)
Sensex- closed at 18,460.62(-74.07 Points & -0.40% )
CNX MIDCAP - closed at 7,907.50(-47.55 Points & -0.60%)
BSE SMALL CAP- closed at 8,390.30(-45.67 Points & -0.54%)
Tomorrow(05-05-2011) Outlook
Technical analysis and Research and next possibilities have already been posted in following topic with 2 ChartS therefore not repeated:-
Technical Analysis and Research For 05-05-2011
55 Day EMA and 200 Day EMA has been broken down and with this all the trends are down now. Only it has to be decided tomorrow and in the coming sessions that Indian markets are moving into bearish phase or not. As short term indicators are oversold therefore Pull Back rally possibility will also be condidered. Opening will depend on Global cues but final confirmations will be received from sustaining beyond 5485-5550.
Below 5485 will be Bearish phase confirmation. Sustaining above 5550 will mean survival of Bull market but confirmation will be sustaining above 200 Day EMA.
1- Most indics closed in Red
2- Reb Candle
3- Mixed intraday trading patterns
Ratios:
Nifty Put Call Ratio: 0.81
Nifty P/E Ratio(04-05-2011): 20.58
Advances & Declines:
BSE ADVANCES : 1073
BSE DECLINES : 1751
NSE ADVANCES : 446
NSE DECLINES : 961
Nifty Open Interest Changed Today:-
Nifty- 5500 CE(28APR2011)- +1556900(+111.81%)
Nifty- 5500 PE(28APR2011)- +644250(+14.29%)
Nifty- 5600 CE(28APR2011)- +1337900(+36.70%)
Nifty- 5600 PE(28APR2011)- -194550(-3.42%)
Closing :-
Nifty- closed at 5,537.15(-28.10 Points & -0.50%)
Sensex- closed at 18,460.62(-74.07 Points & -0.40% )
CNX MIDCAP - closed at 7,907.50(-47.55 Points & -0.60%)
BSE SMALL CAP- closed at 8,390.30(-45.67 Points & -0.54%)
Tomorrow(05-05-2011) Outlook
Technical analysis and Research and next possibilities have already been posted in following topic with 2 ChartS therefore not repeated:-
Technical Analysis and Research For 05-05-2011
55 Day EMA and 200 Day EMA has been broken down and with this all the trends are down now. Only it has to be decided tomorrow and in the coming sessions that Indian markets are moving into bearish phase or not. As short term indicators are oversold therefore Pull Back rally possibility will also be condidered. Opening will depend on Global cues but final confirmations will be received from sustaining beyond 5485-5550.
Below 5485 will be Bearish phase confirmation. Sustaining above 5550 will mean survival of Bull market but confirmation will be sustaining above 200 Day EMA.