FII Trading Data in Derivatives Segment on 29-Apr-2011

FII & DII trading activity in Capital Market Segment on 29-Apr-2011

FII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 29-Apr-2011 3023.81 3713.7 -689.89

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Apr-2011 1230.42 1291.48 -61.06

Pre-closing Outlook(29-04-2011)

Following lines were told in Post-closing Report(28-04-2011) & Tomorrow Outlook yesterday:-

"correction minimum upto 5740. Nifty will not be able to sustain above 5800 in any positive sentiment and will test next Support range 5700-5740 tomorrow."

Following lines were told in Pre-Open Market Outlook(29-04-2011) today at 09:08:00 AM

Nifty moved below 5800 after tripple top and rounding top(Bearish) formations are indicating confirm down moves and expected that Nifty will not be able to move 5800 and will test 5740 in couple of sessions. Testing 5700 possibility can not be rules out in the coming week.

Today low is at 5709 wnich is between support range(5700-5740). Short trem trend is down and intermediate term trend will be down after sustaining below 5700. Nifty moving below 5700 possibility can not be ruled out but sustaining below 5700 will mean down moves from 3 weeks to 3 months.

Mid-session Outlook-2(29-04-2011)

Follow up selling between 5775-5800 today and as a result all those down moves are being seen which have already been told in Post-closing Report yesterday and Pre-Open Market Outlook today

Mid-session Outlook(29-04-2011)

Although view was bearish but market did not showed weakness since opening today and also base formation and intra day support seen between 5765-5775 today. Although up moves require consolidation and will be slow but we don't take risk and covered shorting positions with minor profit.

Today support between 5765-5775 and yesterday selling between 5800-5829 therefore range bound moves expectd betweeen 5775-5800 and today next 2/3 hours trading patterns will tell for next week market.

NIFTY-MAY F&O-1ST SHORTING OF 28-04-2011-COVERING

NIFTY MAY F & O(SHORTED ON 28-04-2011)-COVER IMMEDIATELY-CMP-5801

Pre-Open Market Outlook(29-04-2011)

Technical Positions,today Outlook and next possibilities have already been posted in following topic in my Blog yesterday therefore not being repeated today:-

Post-closing Report(28-04-2011) & Tomorrow Outlook


Nifty moved below 5800 after tripple top and rounding top(Bearish) formations are indicating confirm down moves and expected that Nifty will not be able to move 5800 and will test 5740 in couple of sessions. Testing 5700 possibility can not be rules out in the coming week.

Nifty first expected range is 5750-5780 and exiected that nifty will move below 5750 and close in Red after weak opening.

Post-closing Report(28-04-2011) & Tomorrow Outlook

Main features of today trading are as follows

1- Red Candle
2- Confirm selling between 5800-5826
3- Intraday Distribution Patterns
4- All the indices closed near day's lows.

Ratios:

Nifty Put Call Ratio:0.78
Nifty P/E Ratio(28-04-2011):21.61

Advances &  Declines:

BSE ADVANCES : 1045
BSE DECLINES : 1845
NSE ADVANCES :  437
NSE DECLINES :  978

Nifty Open Interest Changed Today

Nifty- 5700 CE(28MAY2011)- +158350(+17.30%)
Nifty- 5700 PE(28MAY2011)- +528300(+17.18%)

Nifty- 5800 CE(28MAY2011)- +709250(+51.11%)
Nifty- 5800 PE(28MAY2011)- +411750(+17.70%)

Nifty- 5900 CE(28MAY2011)- +662000(+37.49%)
Nifty- 5900 PE(28MAY2011)- -38100(-2.91%)


Closing

Nifty- closed at 5,785.45(-48.45 Points & -0.83%)
Sensex- closed at 19,292.02(-156.67 Points & -0.81% )
CNX MIDCAP - closed at 8,277.80(-61.15 Points & -61.15%)
BSE SMALL CAP- closed at 8,854.08(-42.96 Points & -0.48%)

Nifty-Micro Analysis of 10 Days Intraday Chart:-

Just click on chart for its enlarged view

Conclusions from Nifty-Micro Analysis of 10 Days Intraday Chart

1-Resistance between 5874-5912
2-Resistance between 5800-5829
3-Support between 5700-5740

Tomorrow(29-04-2011) Outlook

Today whole day selling between 5800-5826 confirmed correction minimum upto 5740. Nifty will not be able to sustain above 5800 in any positive sentiment and will test next Support range 5700-5740 tomorrow.

Nifty-Micro Analysis of Intra Day Chart(28-04-2011)

Just click on chart for its enlarged view

Following line was told within first 15 minutes in Post-open Outlook today

"confirm weakness indication and 5820 will be watched first and below it down move will be considered"

As today opening indicated weakness therefore told immediately and after that only weak market was suggested in all the out;ooks today.

Intraday charts of today also showing selling patterns therefore down moves will be seen in the coming sessions.

FII & DII trading activity in Capital Market Segment on 28-Apr-2011

FII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 28-Apr-2011 4257.02 5089.61 -832.59

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Apr-2011 1868.83 1336.23 532.6

Nifty Spot-Levels & Trading Strategy for 29-04-2011

Nifty Spot-Levels

R3 5915
R2 5885
R1 5835
Avg 5805
S1 5755
S2 5725
S3 5675

Nifty Spot-Trading Strategy

H6 5865     Trgt 2
H5 5847     Trgt 1
H4 5829     Long breakout
H3 5807     Go Short
H2 5799
H1 5792
L1 5777
L2 5770
L3 5763     Long
L4 5741     Short Breakout
L5 5722     Trgt 1
L6 5704     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 29-04-2011

Nifty(May Fut)-Levels

R3 5937
R2 5909
R1 5859
Avg 5831
S1 5781
S2 5753
S3 5703

Nifty(May Fut)-Trading Strategy

H6 5888     Trgt 2
H5 5870     Trgt 1
H4 5852     Long breakout
H3 5831     Go Short
H2 5824
H1 5817
L1 5802
L2 5795
L3 5788     Long
L4 5767     Short Breakout
L5 5749     Trgt 1
L6 5731     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 29-04-2011

Bank Nifty(May Fut)-Levels

R3 12049
R2 11984
R1 11873
Avg 11808
S1 11697
S2 11632
S3 11521


Bank Nifty(May Fut)-Trading Strategy

H6 11938     Trgt 2
H5 11898     Trgt 1
H4 11858     Long breakout
H3 11810     Go Short
H2 11794
H1 11778
L1 11745
L2 11729
L3 11713     Long
L4 11665     Short Breakout
L5 11625     Trgt 1
L6 11585     Trgt 2

NIFTY-MAY F&O-1ST SELLING OF 28-04-2011-TRADE

NIFTY(MAY FUT-SELL-POSITIONAL)SL-5841-TGT5746-CMP-5812

NIFTY(MAY PUT OPTION-BUY-POSITIONAL)SL-5841-TGT5746-S.P.FOR PUT-5700,5800(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5812

Pre-closing Outlook(28-04-2011)

Nifty has traded more than last 2 hours near 5800 after slipping from higher levels. As intra day charts are showing selling today therefore down moves possibilities are more.

Mid-session Outlook(28-04-2011)

A correction in levels in 2nd paragraph and correct paragraph is as followa:-

Move above 5850 will be consolidation confirmation between mentioned range and show the way toward 5900 and moving below 5800 will be distribution confirmarion between mentioned range and pave the way toward 5700

Nifty is trading at 5817 therefore not much changed.

Mid-session Outlook(28-04-2011)

Resistances near 5900 and support near 5700 and next moves preparation range is 5820-5829. Nifty consolidated between 5820-5829 in last 2 hours yesterday and again trading today within this range for the last 1 hour.

Move above 5850 will be consolidation confirmation between mentioned range and show the way toward 5900 and moving below 5820 will be distribution confirmarion between mentioned range and pave the way toward 5700.

Market is preparing,let it complete process and get next moves confirmations from mentioned levels break out.

Post-open Outlook-2(28-04-2011)

5820 was told for watching within first 15 minutes after weakness indication and Nifty is hovering around 5820. Sustaining below 5820 or forceful breaking down of 5820 will be weakness confirmation toward 5700. It will be better to wait and watch 5820 for next moves confirmations.

Post-open Outlook(28-04-2011)

Indian markets ignored strong global cues and slipped immediately after positive opening and trading between last 2 hours trading range(5820-5850). It is confirm weakness indication and 5820 will be watched first and below it down move will be considered.

Pre-Open Market Outlook(28-04-2011)

Technical Positions,today Outlook and next possibilities have already been posted in following topic in my Blog yesterday therefore not being repeated today:-

"Post-closing Report(27-04-2011) & Tomorrow Outlook"

Nifty traded between 5820-5850 in last 2 hours,got support and also closed within this range yesterday. Support between 5820-5829 was told at 01:52:00 PM yesterday and Nifty consolidated between this range and recovered after forming low at 5819.95 therefore this range is good support.

Sentiment is positive today morning after Green global markets and Indian markets got lower levels support yesterday therefore Nifty will open and firstly trade between 5845-5885 and prepare for next moves. More consolidation is required to cross next resistance range(5874-5912).

Technical reasons for bullish views have already been posted in previous outlooks and today follow up buying after yesterday lower levels support will pave the way of crossing 5912 and it is expected also.

Positive opening,most of the time trading between 5845-5885 and Green closing expected today.

Post-closing Report(27-04-2011) & Tomorrow Outlook

Main features of today trading are as follows

1- Nifty Put Call Ratio is at the month lowest at 0.82 today.
2- Black Candle in Nifty and Sensex
3- CNX MIDCAP and BSE SMALL CAP closed flat.
4- Higher level selling indications but support at lower levels also.

Ratios

Nifty Put Call Ratio: 0.82
Nifty P/E Ratio(27-04-2011):21.79

Advances & Declines

BSE ADVANCES :1297
BSE DECLINES :1589
NSE ADVANCES : 565
NSE DECLINES : 839

Nifty Open Interest Changed Today

Nifty- 5800 CE(28APR2011)- +2102250(+51.64%)
Nifty- 5800 PE(28APR2011)- -180200(-2.55%)

Nifty- 5900 CE(28APR2011)- +2497950(+30.87%)
Nifty- 5900 PE(28APR2011)- -236650(-4.16%)

Closing

Nifty- closed at 5,833.90(-34.50 Points &-0.59%)
Sensex- closed at 19,448.69(-96.66 Points &-0.49% )
CNX MIDCAP - closed at 8,338.95(+7.60 Points & +0.09%)
BSE SMALL CAP- closed at 8,897.04(+0.18 Points & +00.00%)

Nifty-Micro Analysis of Intra Day Chart(27-04-2011):-

Just click on chart for its enlarged view

Tomorrow(28-04-2011) Outlook

Crucial points are as follows

1- Higher levels selling between 5880-5912 on 21-04-2011.
2- Genuine selling between 5874-5905 on 25-04-2011
3- Support between 5792-5812 on 26-04-2011
4- Today Intra Day Charts are concluding mixed formations despite Red closing,detailed analysis is given in Nifty-Micro Analysis of Intra Day Chart.

All the indices are showing mixed patterns today and in the same manner most pivotal stocks are also not one sided,when some are showing buying then others are indicating selling also.

As supports at lower levels and resistances at higher level therefore Indian markets will first prepare between 5800-5900 tomorrow for next moves and then decisive moves will be seen in the coming week.Next move confirmation range is 5792-5912 and:-

1- sustaining above 5912 will mean clearance of strong resistances and begining of sharp rally. 
2- sustaining below 5792 will mean correction minimum upto 5693 after tripple top(Bearish) pattern formation.

Let market prepare for next moves between 5800-5900 tomorrow then final conclusions will be drawn from coming sessions intra day charts formations.

FII Trading Data in Derivatives Segment on 27-Apr-2011

FII & DII trading activity in Capital Market Segment on 27-Apr-2011

FII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 27-Apr-2011 2153.06 2864.92 -711.86

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Apr-2011 1553.4 1254.12 299.28

Nifty-Micro Analysis of Intra Day Chart(27-04-2011)

Just click on chart for its enlarged view

Main features of today trading are as follows:-

1- Indian markets slipped from higher levels but patterns are not pure selling but consolidation signals also between 5855-5884 and 5835-5848.
2- Water Fall(Bullish) Pattern between 5850-5820
3- Lower level support between 5820-5829

Lower levels support formations and Water Fall(Bullish) Pattern are suggesting stopping of down move near 5820 but mixed patterns between 5835-5884 and previous day genuine selling between(5874-5912) are telling for consolidation requirement for any up move.

Lower level supports and higher level resistances are suggesting that Indian markets are not ready for any side moves and will prepare for next moves between 5800-5900 in the coming sessions.

Nifty Spot-Levels & Trading Strategy for 28-04-2011

Nifty Spot-Levels

R3 5950
R2 5921
R1 5877
Avg 5848
S1 5804
S2 5775
S3 5731

Nifty Spot-Trading Strategy

H6 5906     Trgt 2
H5 5889     Trgt 1
H4 5873     Long breakout
H3 5853     Go Short
H2 5846
H1 5839
L1 5826
L2 5819
L3 5812     Long
L4 5792     Short Breakout
L5 5776     Trgt 1
L6 5759     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 28-04-2011

Nifty(Apr Fut)-Levels

R3 5970
R2 5937
R1 5886
Avg 5853
S1 5802
S2 5769
S3 5718

Nifty(Apr Fut)-Trading Strategy

H6 5920     Trgt 2
H5 5901     Trgt 1
H4 5882     Long breakout
H3 5859     Go Short
H2 5851
H1 5843
L1 5828
L2 5820
L3 5812     Long
L4 5789     Short Breakout
L5 5770     Trgt 1
L6 5751     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 28-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12143
R2 12054
R1 11929
Avg 11840
S1 11715
S2 11626
S3 11501

Bank Nifty(Apr Fut)-Trading Strategy

H6 12018     Trgt 2
H5 11970     Trgt 1
H4 11921    Long breakout
H3 11862     Go Short
H2 11843
H1 11823
L1 11784
L2 11764
L3 11745     Long
L4 11686    Short Breakout
L5 11637     Trgt 1
L6 11589     Trgt 2

Pre-closing Outlook(27-04-2011)

Following line was told in Mid-session Outlook today:-

"intraday support possibility between 5820-5829 will be watched today"

Today lowest is 5819.95 and Nifty recovered after getting intra day support within 5820-5829 and traded between 5840-5850.

Following line was told in Pre-Open Outlook today:-

1- "As genuine selling between 5880-5912 therefore complete consolidation is required today to cross 5912"
2- "As per my view Indian markets will consolidate in the coming couple of sessions"

Although Indian markets are trading in Red since opening but intraday patterns are mixed today and consolidation signals also visible in intra day charts. Market is preparing for next moves between 5800-5900 and final view will be formed from coming sessions intra day formations analysis.

Mid-session Outlook (27-04-2011)

Although market was positive and trading in green but today weakness was clearly told in first half hour in Post-open Outlook and also gave profit booking confirmation levels. Nifty rallied 102 points yesterday and its 61.8% retracement level is 5829,intraday correction is on and Nifty is hovering around 5829 for the last 15 minutes and also slipped to 5823.40. 70.7% retracement level is 5820 and intraday support possibility between 5820-5829 will be watched today

Post-open Outlook(27-04-2011)

Indian market opened good but showed weakness and slipped below mentioned Genuine Selling range(5880-5912) but Final conclusion will be drawn from sustaining beyond this range. Indian markets will prepare for next moves near about this range in the coming couple of sessions. Next moves confirmation points are as follows:-

1- Moving above 5912 require complete consolidation and that will take couple of sessions.
2- Nifty sustaining below 5980 will be profit booking confirmation.
3- Next move first indication range is 5865-5905

Pre-Open Market Outlook(27-04-2011)

5th wave is on,All trends are up, Nifty retraced from 5900 in this month but rebounded also from 5700. Last one month range is 5700-5900 and good support as well as consolidation between 5850-5900 and next resistances are as follows:-

1- 5880-5912 (Genuine Selling on 21-04-2011.)
2- 5905-5944(Weak resistance)

As genuine selling between 5880-5912 therefore complete consolidation is required today to cross 5912 and once sustaining above 5912 will mean strong possibility of crossing all the resistances and begining of strong rally toward minimum 6120 and follow up buying today will open the gate today.

Positive global cues therefore Nifty will open and firstly trade within mentioned 1st resistance(5880-5912), as sentiment is heated therefore profit booking possibility will also be kept in mind.

As per my view Indian markets will consolidate in the coming couple of sessions and this time Nifty will cross 5940 and start journey toward minimum 6120. For precaution just watch sustaining above 5912.

Post-closing Report(26-04-2011) & Tomorrow Outlook

Main features of today trading are as follows:-

1- Bullish Hammer Candle
2- Flat closing after recovering from whole day loss.
3- Nifty got support at 5792 within immediate support range 5785-5812
4- Strong indication of correction completion after last 2 selling within 5874-5912

Ratios:

Nifty Put Call Ratio: 0.94
Nifty P/E Ratio(01-04-2011): 21.91

Advances & Declines:

BSE ADVANCES : 1265
BSE DECLINES : 1601
NSE ADVANCES :  588
NSE DECLINES :  810

Nifty Open Interest Changed Today:-

Nifty- 5800 CE(28APR2011)- +543650(+14.29%)
Nifty- 5800 PE(28APR2011)- +269800(+3.71%)

Nifty- 5900 CE(28APR2011)- +1398600(+20.23%)
Nifty- 5900 PE(28APR2011)- -1225450(-17.06%)

Closing :-

Nifty- closed at 5,868.40(-6.10 Points & -0.10%)
Sensex- closed at 19,545.35(-38.96 Points & -0.20% )
CNX MIDCAP - closed at 8,331.35(+3.80 Points & +0.05%)
BSE SMALL CAP- closed at 8,896.86(-3.04 Points & -0.03%)

Nifty-Micro Analysis of Intra Day Chart(26-04-2011):-

Just click on chart for its enlarged view

Tomorrow(27-04-2011) Outlook

Just click following link to understand complete analysis of present technical position of Indian markets;-

Pre-closing Outlook(26-04-2011)        

Just click following link to understand to understand today intraday patterns conclusion:-

Nifty-Micro Analysis of Intra Day Chart(26-04-2011)

Strong indication of correction completion after last 2 selling and fresh consolidation is required to cross next resistance(5874-5912). As all trends are up and and good consolidation seen today also therefore expected that Indian markets will consolidate tomorrow also and crossing 5912 will be first strong indication of fresh upmove and sustaining above 5940 will be Bull rally confirmation..

Just watch 5940 today for sharp rally confirmation.

Nifty-Micro Analysis of Intra Day Chart(26-04-2011)

Just click on chart for its enlarged view

Firstly 2 hours intra day consolidation between 5792-5812 and then break out and then up move with regular 4 minor intra day consolidation and up move with intact rising trend line and closing. 

Whole day intra day chart is showing sharp rally after good support within previous support(5785-5805). Strength of today support was yold in following words in Mid-session Outlook-2:-

"Nifty moved above 5812 and also trading above for the last half hour. It is positive and if sustains above 5812 today then will be first strong indication of today started correction completion"

"Today intra day chart is giving confirmation to today started correction completion"

Nifty Spot-Levels & Trading Strategy for 27-04-2011

Nifty Spot-Levels

R3 6012
R2 5952
R1 5910
Avg 5850
S1 5808
S2 5748
S3 5706

Nifty Spot-Trading Strategy

H6 5971     Trgt 2
H5 5947     Trgt 1
H4 5924     Long breakout
H3 5896     Go Short
H2 5886
H1 5877
L1 5858
L2 5849
L3 5839     Long
L4 5811     Short Breakout
L5 5788     Trgt 1
L6 5764     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 27-04-2011

Nifty(Apr Fut)-Levels

R3 6575
R2 6241
R1 6061
Avg 5727
S1 5547
S2 5213
S3 5033

Nifty(Apr Fut)-Trading Strategy

H6 6441     Trgt 2
H5 6302     Trgt 1
H4 6163     Long breakout
H3 6022     Go Short
H2 5975
H1 5928
L1 5833
L2 5786
L3 5739     Long
L4 5598    Short Breakout
L5 5459     Trgt 1
L6 5320     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 27-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12200
R2 12069
R1 11984
Avg 11853
S1 11768
S2 11637
S3 11552

Bank Nifty(Apr Fut)-Trading Strategy

H6 12118     Trgt 2
H5 12068     Trgt 1
H4 12017     Long breakout
H3 11958     Go Short
H2 11938
H1 11918
L1 11879
L2 11859
L3 11839     Long
L4 11780     Short Breakout
L5 11729     Trgt 1
L6 11679    Trgt 2

FII Trading Data in Derivatives Segment on 26-Apr-2011

26-Apr-2011

FII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 26-Apr-2011 2334.31 2888.34 -554.03

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Apr-2011 1106.75 944.94 161.81

Pre-closing Outlook(26-04-2011)

Following line was told in Pre-Open Market Outlook today:-

"Next support range is between 5785-5805"

Down move stopped between mentioned support range at 5792.05 and recovered after 2 hours range bound trading within 5792-5812. Strong up move seen above 5812. Following lines must be kept in mind which were told in Pre-Open Market Outlook today:-

"All trends are up,weekly MACD has given rally confirmation and Pennant pattern formation is also giving confirmation to continuation on going bullish. It is clear that Indian markets are technically well prepared for rally but intra day charts of last 2 sessions are showing distribution patterns therefore very short term down move is due and will be seen today." 

Predicted down move seen and also stopped in predicted support range. Support and resistances between 5785-5912 are as follows:-

Support-5785-5812
Resistance- 5874-5912

Crucial levels and ranges are as follows:-

1-Next moves preparation range-5812-5874
2- Up move confirmation 1st level- 5874
3- Strong rally confirmation 2nd level- 5912
4- Down move confirmation 1st level- 5812
5- Deep correction confirmation 2nd level- 5785

Levels have been given for any type of move confirmation but should be kept in mind that expeted correction had been due after last 2 sesions selling and completed today after 2 hours consolidation between 5785-5812

Sharp recovery seen from lower levels today and expected that Nifty will first trade between 5850-5912 and voltality may be high also. Expected that Nifty will finally cross 5912/5940 in the coming sessions after some more consolidation within above mentioned ranges.

Mid-session Outlook-2(26-04-2011)

Nifty moved above 5812 and also trading above for the last half hour. It is positive and if sustains above 5812 today  then will be first strong indication of today started correction completion.

Mid-session Outlook(26-04-2011)

Higher levels intraday selling in 2 last sessions,today down moves and following line for today trading has already been told in previous outlooks:-

"Next support range is between 5785-5805 therefore Nifty will first trade between 5805-5880 today"

Down move stopped between mentioned support range at 5792.05 and since then Nifty is trading within 5792-5812 and preparing for next moves. Next moves confirmation range is 5785-5812.Let Indian markets prepare for next moves within mentioned range and sustaining beyond will give following conclusions:-

1- Above 5812- will mean very short term correction completion and testing of resistances near 5900

2- Below 5792- will mean short term correction continuation and testing of supports near 5700

Conclusions from coming hours intraday charts will be drawn and posted accordingly. As selling signals are being seen in last 1 hour intra day chart therefore view is cautious but confirmation is required. Market is required complete buying or selling within mentioned range for any side decisive moves,let this process complete then final concludions will be drawn.

Live proofs are available in yesterday outlooks that whatsoever down moves are being seen in Indian markets today all that I told non stop in all the Mid-session Outlooks yesterday. Not only today but this fact can be verified from my previous outlooks that Indian markets next moves are always predicted well before its begining in this Blog. 

Post-open Outlook(26-04-2011)

Sharp down after weak opening today and it is weakness confirmation. Next support range is between 5785-5805 and will be watched for next moves confirmations.

NIFTY-APR F&O-1ST SHORTING OF 25-04-2011-COVERING

NIFTY APR F & O(SHORTED ON 26-04-2011)-COVER AND BOOK PROFIT IMMEDIATELY-CMP-5856

Pre-Open Market Outlook(26-04-2011)

All trends are up,weekly MACD has given rally confirmation and Pennant pattern formation is also giving confirmation to continuation on going bullish. It is clear that Indian markets are technically well prepared for rally but intra day charts of last 2 sessions are showing distribution patterns therefore very short term down move is due and will be seen today.

Next support range is between 5785-5805 therefore Nifty will first trade between 5805-5880 today. Confirm narrow range selling in last 2 sessions,market market require fresh consolidation for a rally above 5912 and follow up selling today will mean deeper correction to test mentioned first support range.

Nifty will first hover around 5865 after Weak opening today and prepare for next moves. First expected trading range is 5840-4880. Most of the time negative zone trading and Red closing expected today

Post-closing Report(25-04-2011) & Tomorrow Outlook

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):-

Just click on chart for its enlarged view

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..

FII & DII trading activity in Capital Market Segment on 25-Apr-2011

FII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 25-Apr-2011 1560.16 1937.75 -377.59

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 25-Apr-2011 1082.1 845.48 236.62

FII Trading Data in Derivatives Segment on 25-Apr-2011

Next expected moves will be posted today in 
"Post-closing Report(25-04-2011) &
Tomorrow Outlook"

Nifty-Micro Analysis of Intra Day Chart(25-04-2011)

Just click on chart for its enlarged view

Genuine Selling seen between 5874-5905 today and it was follow up selling after higher levels selling between 5880-5912 on 21-04-2011.

As soon as selling indicated from intra day charts then following line was told in Mid-session Outlook-2 at 12:25:00 PM today:-

"Intra day charts of today are suggesting selling patterns at higher levels today also."

Following line was also told in Pre-closing Outlook at 03:05:00 PM today:-

"Short term down move possibility increased"

Selling was informed well before the begining of down moves and Indian markets closed at the lowest of the day.

Detailed analysis will be posted today in "Post-closing Report(25-04-2011) & Tomorrow Outlook"

Nifty Spot-Levels & Trading Strategy for 26-04-2011

Nifty Spot-Levels

R3 5950
R2 5928
R1 5901
Avg 5879
S1 5852
S2 5830
S3 5803

Nifty Spot-Trading Strategy

H6 5923     Trgt 2
H5 5912     Trgt 1
H4 5900     Long breakout
H3 5887     Go Short
H2 5882
H1 5878
L1 5869
L2 5865
L3 5860     Long
L4 5847     Short Breakout
L5 5835     Trgt 1
L6 5824     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 26-04-2011

Nifty(Apr Fut)-Levels

R3 5965
R2 5945
R1 5915
Avg 5895
S1 5865
S2 5845
S3 5815

Nifty(Apr Fut)-Trading Strategy

H6 5936     Trgt 2
H5 5924     Trgt 1
H4 5913    Long breakout
H3 5899     Go Short
H2 5895
H1 5890
L1 5881
L2 5876
L3 5872     Long
L4 5858     Short Breakout
L5 5847     Trgt 1
L6 5835     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 26-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12135
R2 12080
R1 12000
Avg 11945
S1 11865
S2 11810
S3 11730

Bank Nifty(Apr Fut)-Trading Strategy

H6 12056     Trgt 2
H5 12025     Trgt 1
H4 11995     Long breakout
H3 11958     Go Short
H2 11945
H1 11933
L1 11908
L2 11896
L3 11883     Long
L4 11846     Short Breakout
L5 11816     Trgt 1
L6 11785     Trgt 2

NIFTY-APR F&O-1ST SELLING OF 25-04-2011-TRADE

NIFTY(APR FUT-SELL-POSITIONAL)SL-5926-TGT5836-CMP-5888

NIFTY(APR PUT OPTION-BUY-POSITIONAL)SL-5926-TGT5836-S.P.FOR PUT-5800,5900(APR FUT-RATES FOR ALL OPTIONS)-CMP-5888

Pre-closing Outlook(25-04-2011)

Following line was told in Mid-session Outlook-2:-

"Intra day charts of today are suggesting selling patterns at higher levels today also."

As selling at higher levels therefore Indian markets slipped from higher levels in last hour today.

Short term down move possibility increased but It will be better to wait for sustaining beyond 21-04-2011 range(5864-5912) and also will be watched first for next moves confirmations.

Mid-session Outlook-2(25-04-2011)

Technically market is poised for rally but higher levels selling seen on 21-04-2011 and Nifty is trading between 5874-5906 since opening today and preparing for mext moves within mentioned range today. Intra day charts of today are suggesting selling patterns at higher levels today also.

As lower level buying was also seen on 21-04-2011 therefore sustaining beyond 21-04-2011 range(5864-5912) will be watched first for next moves confirmations.

Let market prepare then final conclusions will be drawn according to coming hours intra day trading patterns.

Mid-session Outlook(25-04-2011)

21-04-2011 trading range was- (5864-5912).
25-04-2011 trading range at 10:38 AM is- (5874-5906)

Following lines were told in Post-closing Report(21-04-2011) & Monday Outlook on 21-04-2011.As applicable today also therefore repeating:-

1- "Indian market require more preparation for any side sustained moves and that will be done near about today range(5864-5912) on Monday"

2- "First 3/4 hours intraday patterns will certainly be watched first on Monday and follow up buying and consolidation will be next rally confirmation"

Post-open Outlook(25-04-2011)

Whatsoever is being happened in today Indian markets,was already told in following lines on 21-04-2011:-

1- I told at 12:34 PM on 21-04-2011 in Nifty-Micro Analysis of Intra Day Chart- "Mixed patterns at this moment and let market prepare for one side move then confirmation will be possible"

2- I told at 12:34 PM on 21-04-2011 in Pre-closing Report(21-04-2011)- "Market require more preperation for any side sustained moves and that will be done near today range on Monday"

Above lines were told in all the outlooks for today market and same is seen today and Indian markets are trading between 21-04-2011 range since opening today. Let Indian markets prepare then final moves will be seen after break out of 21-04-2011 range(5864-5912).

Rally is on after completion of Corrections

Weekly Outlook(25-04 to 29-04-2011)

Wave-5 is on,all trends are up,Long term indicators are cooled down after Wave-4 correction. Short term indicators also chilled after previous week finished 38.2% 'ABC' correction(Sub Wave-2 of Wave-5)

Corrective Wave-4 and Wave-5 Corrections are as follows:-

1- 3rd impulsive wave begun on 13-07-2009 from 3919
2- Wave-3 finished on 05-11-2010 after gaining 2419 Points
3- Corrective Wave-4 started same day and loose 1161 Points.
4- Wave-4 finished on 11-02-2011 at 5177
5- Impulsive Wave-5 started same day and its Sub Wave-1 started 'ABC'correction from 5944 after 767 Points Rally
6- 38,2% 'ABC'correction completed at 5693 after loosing 251 Points.

1-completion of Corrections Chart

Just click on chart for its enlarged view

Sub Wave-1 of Wave-5 'ABC' has completed correction in last week and impulsive Sub Wave-3 of Wave-5 is on for strong rally.

Conclusions

Market is in up trend and and EOD chart is showing Pennant pattern formation in its corrective move which is continuation pattern. It means continuation of on going trend because it is not a trend reversal pattern but trend continuation pattern. As on going trend is Bullish therefore its continuation expected after Pennant falling trend line upward intersection in the coming weeks.

Most important development 3 week before that MACD line upward intersection of Average line and it is confirmation of rally. Weekly MACD cross over gives confirmation to long trend therefore strong confirmation to up trend 3 weeks before. Both lines started to move up near equilibrium line and MACD line has moved it above therefore it is strong indication of rally in the coming week.

It is clear from Nifty-Micro Analysis of Intra Day Chart(21-04-2011) higher level selling and lower level buying therefore mixed patterns on 21-04-2011 and Indian market require more preperation for any side sustained moves and that will be done near 21-04-2011 range(5864-5912) on Monday.

As resistance range and some higher levels selling on 21-04-2011 therefore minor intra day or very short term down moves or correction may be possible in consolidation process but finally market will move up in this week and also very much expected that Nifty will cross immediate resistances and sustain above as well.


Indian markets are well settled for strong rally toward minimum 6120 and expected also in this week. Rally confirmation level is sustaining above 5940.