US markets are more than 1.25% down at this moment and if US markets closes in deep Red today then its impact will be seen on Monday Asian markets. Firstly US markets closing will be seen and its impacts on Indian markets will be understood and discussed in the next 2 days outlooks.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
12 Recent Topics,Technical Analysis,News & Research For 13-06-2011 Trading
12 Topics have been posted for 13-06-2011 trading and more topics will be posted today and in next 2 days.Just click at following topics names and go through as well as analyse Chart:-
1-Nifty Spot-Weekly Levels & Trading Strategy(Jun 13 to Jun 17,2011)
2-Bank Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
3-Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
4-Nifty Spot-Levels & Trading Strategy for 13-06-2011
5-FII & DII trading activity in Capital Market Segment on 10-Jun-2011
6-Indian Stock Markets Closing Reports(10-06-2011)
7-FII Trading Data in Derivatives Segment on 10-Jun-2011
8-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
Important News
1-Inflation, rates cool IIP growth to 6.3%
2-Poll: May inflation seen rising to 8.7%
3-Exports post fastest growth since Mar '04
4- Emerging markets need more coordination
Topics prepared by Enjoy Daily Profits
1-Nifty Spot-Weekly Levels & Trading Strategy(Jun 13 to Jun 17,2011)
2-Bank Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
3-Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
4-Nifty Spot-Levels & Trading Strategy for 13-06-2011
5-FII & DII trading activity in Capital Market Segment on 10-Jun-2011
6-Indian Stock Markets Closing Reports(10-06-2011)
7-FII Trading Data in Derivatives Segment on 10-Jun-2011
8-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
Important News
1-Inflation, rates cool IIP growth to 6.3%
2-Poll: May inflation seen rising to 8.7%
3-Exports post fastest growth since Mar '04
4- Emerging markets need more coordination
Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
Nifty-Intra Day Chart(10-06-2011):-
Main Features
1- Selling between 5495-5515
2- Buying patterns between 5482-5492
3- Consolidations between 5460-5480
Conclusions
Indian markets slipped after higher levels selling between 5495-5515 but buying patterns seen between 5482-5492 and consolidations seen between 5460-5480. Market moved up after consolidation between 5460-5480 and closed between above mentioned buying patterns range at 5485.
Nifty tested 10 days lows and got intraday support between crucial support range(5460-5480) today and recovered also with intraday consolidation patterns therefore technically crucial support range(5460-5480) is not broken and still maintained its validity.
US markets are more than 1.25% down at this moment and if US markets closes in deep Red today then its impact will be seen on Monday Asian markets. Firstly US markets closing will be seen and its impacts on Indian markets will be understood and discussed in the next 2 days outlooks.
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| Just click on chart for its enlarged view |
1- Selling between 5495-5515
2- Buying patterns between 5482-5492
3- Consolidations between 5460-5480
Conclusions
Indian markets slipped after higher levels selling between 5495-5515 but buying patterns seen between 5482-5492 and consolidations seen between 5460-5480. Market moved up after consolidation between 5460-5480 and closed between above mentioned buying patterns range at 5485.
Nifty tested 10 days lows and got intraday support between crucial support range(5460-5480) today and recovered also with intraday consolidation patterns therefore technically crucial support range(5460-5480) is not broken and still maintained its validity.
US markets are more than 1.25% down at this moment and if US markets closes in deep Red today then its impact will be seen on Monday Asian markets. Firstly US markets closing will be seen and its impacts on Indian markets will be understood and discussed in the next 2 days outlooks.
Indian Stock Markets Closing Reports(10-06-2011)
Main features of today trading are as follows
1- Negative Global cues led weak market and Red closing
2- All the Indices closed in Red except CD.
3- Selling at higher levels and buying at lower levels.
Ratios
Nifty Put Call Ratio: 0.84
Nifty P/E Ratio(10-06-2011): 20.26
Advances & Declines
BSE ADVANCES : 1175
BSE DECLINES : 1708
NSE ADVANCES : 485
NSE DECLINES : 903
Nifty Open Interest Changed Today
Nifty- 5400 CE(Jun)- +100650(+3.75%)
Nifty- 5400 PE(Jun)- -475050(-5.13%)
Nifty- 5500 CE(Jun)- +1567200(+36.04%)
Nifty- 5500 PE(Jun)- -1123150(-16.57%)
Nifty- 5600 CE(Jun)- +837750(+13.61%)
Nifty- 5600 PE(Jun)- -278000(-9.24%)
Closing
Nifty- closed at 5,485.80(-35.25 Points & -0.64%)
Sensex- closed at 18,268.54(-116.36 Points & -0.63% )
CNX MIDCAP - closed at 7,992.05(-25.15 Points & -0.31%)
BSE SMALL CAP- closed at 8,288.46(-37.89 Points & -0.46%)
1- Negative Global cues led weak market and Red closing
2- All the Indices closed in Red except CD.
3- Selling at higher levels and buying at lower levels.
Ratios
Nifty Put Call Ratio: 0.84
Nifty P/E Ratio(10-06-2011): 20.26
Advances & Declines
BSE ADVANCES : 1175
BSE DECLINES : 1708
NSE ADVANCES : 485
NSE DECLINES : 903
Nifty Open Interest Changed Today
Nifty- 5400 CE(Jun)- +100650(+3.75%)
Nifty- 5400 PE(Jun)- -475050(-5.13%)
Nifty- 5500 CE(Jun)- +1567200(+36.04%)
Nifty- 5500 PE(Jun)- -1123150(-16.57%)
Nifty- 5600 CE(Jun)- +837750(+13.61%)
Nifty- 5600 PE(Jun)- -278000(-9.24%)
Closing
Nifty- closed at 5,485.80(-35.25 Points & -0.64%)
Sensex- closed at 18,268.54(-116.36 Points & -0.63% )
CNX MIDCAP - closed at 7,992.05(-25.15 Points & -0.31%)
BSE SMALL CAP- closed at 8,288.46(-37.89 Points & -0.46%)
FII & DII trading activity in Capital Market Segment on 10-Jun-2011
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Nifty Spot-Levels & Trading Strategy for 13-06-2011
Nifty Spot-Levels
R3 5582
R2 5551
R1 5518
Avg 5487
S1 5454
S2 5423
S3 5390
Nifty Spot-Trading Strategy
H6 5549 Trgt 2
H5 5534 Trgt 1
H4 5520 Long breakout
H3 5502 Go Short
H2 5496
H1 5490
L1 5479
L2 5473
L3 5467 Long
L4 5449 Short Breakout
L5 5435 Trgt 1
L6 5420 Trgt 2
R3 5582
R2 5551
R1 5518
Avg 5487
S1 5454
S2 5423
S3 5390
Nifty Spot-Trading Strategy
H6 5549 Trgt 2
H5 5534 Trgt 1
H4 5520 Long breakout
H3 5502 Go Short
H2 5496
H1 5490
L1 5479
L2 5473
L3 5467 Long
L4 5449 Short Breakout
L5 5435 Trgt 1
L6 5420 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
Nifty(Jun Fut)-Levels
R3 5587
R2 5553
R1 5518
Avg 5484
S1 5449
S2 5415
S3 5380
Nifty(Jun Fut)-Trading Strategy
H6 5553 Trgt 2
H5 5537 Trgt 1
H4 5521 Long breakout
H3 5502 Go Short
H2 5496
H1 5490
L1 5477
L2 5471
L3 5465 Long
L4 5446 Short Breakout
L5 5430 Trgt 1
L6 5414 Trgt 2
R3 5587
R2 5553
R1 5518
Avg 5484
S1 5449
S2 5415
S3 5380
Nifty(Jun Fut)-Trading Strategy
H6 5553 Trgt 2
H5 5537 Trgt 1
H4 5521 Long breakout
H3 5502 Go Short
H2 5496
H1 5490
L1 5477
L2 5471
L3 5465 Long
L4 5446 Short Breakout
L5 5430 Trgt 1
L6 5414 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2011
Bank Nifty(Jun Fut)-Levels
R3 11011
R2 10913
R1 10803
Avg 10705
S1 10595
S2 10497
S3 10387
Bank Nifty(Jun Fut)-Trading Strategy
H6 10903 Trgt 2
H5 10856 Trgt 1
H4 10808 Long breakout
H3 10751 Go Short
H2 10732
H1 10713
L1 10674
L2 10655
L3 10636 Long
L4 10579 Short Breakout
L5 10531 Trgt 1
L6 10484 Trgt 2
R3 11011
R2 10913
R1 10803
Avg 10705
S1 10595
S2 10497
S3 10387
Bank Nifty(Jun Fut)-Trading Strategy
H6 10903 Trgt 2
H5 10856 Trgt 1
H4 10808 Long breakout
H3 10751 Go Short
H2 10732
H1 10713
L1 10674
L2 10655
L3 10636 Long
L4 10579 Short Breakout
L5 10531 Trgt 1
L6 10484 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Jun 13 to Jun 17,2011)
Nifty Spot-Weekly Levels
R3 5664
R2 5617
R1 5551
Avg 5504
S1 5438
S2 5391
S3 5325
Nifty Spot-Weekly Trading Strategy
H6 5598 Trgt 2
H5 5572 Trgt 1
H4 5547 Long breakout
H3 5516 Go Short
H2 5505
H1 5495
L1 5474
L2 5464
L3 5453 Long
L4 5422 Short Breakout
L5 5397 Trgt 1
L6 5371 Trgt 2
R3 5664
R2 5617
R1 5551
Avg 5504
S1 5438
S2 5391
S3 5325
Nifty Spot-Weekly Trading Strategy
H6 5598 Trgt 2
H5 5572 Trgt 1
H4 5547 Long breakout
H3 5516 Go Short
H2 5505
H1 5495
L1 5474
L2 5464
L3 5453 Long
L4 5422 Short Breakout
L5 5397 Trgt 1
L6 5371 Trgt 2
Pre-closing Outlook(10-06-2011)
Range bound lesser volumes market for the last 27 sessions. Such type of market are guided by news flow and global cues. Indian markets firstly slipped after weaker Asian cues and recovered from day's lower levels after up moves in European markets. Nifty tested and traded in crucial support range(5460-5480) almost 2 hours today and will close within or above this range because intraday support signals emerged within it.
5460-5480 is most crucial support range and sustaining below it will mean high possibility of deeper correction. As intraday support seen within it and today down moves were the result of depressing Global cues and except this support getting signals were seen in 5482-5492 today therefore it is clear that Indian markets are not prepared for any side decisive moves.
When market itself is not prepared for any side decisive moves,reacting global cues and news flow and intraday patterns are not showing big trading positions then final conclusions should be drawn:-
1- from decisive break out or
2- Breaking out of any crucial support/resistance or
3- One sided trading positions in intraday trades.
Although Indian markets are closing in Red today but following 2 minor support ranges therefore view is not bearish:-
1- 5482-5492
2- 5460-5480
5460-5480 is most crucial support range and sustaining below it will mean high possibility of deeper correction. As intraday support seen within it and today down moves were the result of depressing Global cues and except this support getting signals were seen in 5482-5492 today therefore it is clear that Indian markets are not prepared for any side decisive moves.
When market itself is not prepared for any side decisive moves,reacting global cues and news flow and intraday patterns are not showing big trading positions then final conclusions should be drawn:-
1- from decisive break out or
2- Breaking out of any crucial support/resistance or
3- One sided trading positions in intraday trades.
Although Indian markets are closing in Red today but following 2 minor support ranges therefore view is not bearish:-
1- 5482-5492
2- 5460-5480
Mid-session Outlook-4(10-06-2011)
All the Asian markets closed near day,s lows except SSE Composite Index,All European markets opened in Red and trading in negative zone and Dow's futures is also trading 40 points down therefore sentiment dampened and Indian markets slipped from 5482 and now Nifty is trading between next support range(5460-5480).
Heavy global storm since opening today therefore down moves are being seen today and Nifty is trading within most crucial support(5460-5480). Sustaining below 5460 will mean high possibility of deeper correction begining.
Heavy global storm since opening today therefore down moves are being seen today and Nifty is trading within most crucial support(5460-5480). Sustaining below 5460 will mean high possibility of deeper correction begining.
Mid-session Outlook-3(10-06-2011)
All the Asian markets slipped from day's higher levels and either closed near day's lower levels or trading near day's lower levels. Indian markets also followed Asian markets and Nifty is trading below 5500 after intraday selling between 5500-5515.
Although IIP data was above expectations but Asian markets pressure is heavy today and Nifty is trading between support range of 5582-5592. Selling seen at higher levels therefore possibility of moving below 5582 can not be ruled out. As 5582-5592 is support range therefore trading patterns within this range will be watched also because supports getting signals are being emerged within it today.
Markets are completely range bound and final trend will begin after breaking of any key level. Minor up/down moves will be seen according to intraday buying or selling.
Today trading range at this moment(5482-5518) should be used for next immediate move confirmations.
Although IIP data was above expectations but Asian markets pressure is heavy today and Nifty is trading between support range of 5582-5592. Selling seen at higher levels therefore possibility of moving below 5582 can not be ruled out. As 5582-5592 is support range therefore trading patterns within this range will be watched also because supports getting signals are being emerged within it today.
Markets are completely range bound and final trend will begin after breaking of any key level. Minor up/down moves will be seen according to intraday buying or selling.
Today trading range at this moment(5482-5518) should be used for next immediate move confirmations.
Mid-session Outlook-2(10-06-2011)
Although positive IIP data but selling signals emerged between 5500-5515 today and Nifty sustaining below 5500 will mean high possibility of moving below 5480 and more down levels also.
Mid-session Outlook(10-06-2011)
IIP 6.3 Vs 7.3 today
Voltality can not be ruled out and next moves confirmation level is sustaining beyond 5480-5540
Voltality can not be ruled out and next moves confirmation level is sustaining beyond 5480-5540
NIFTY-JUN F&O-1ST BUYING OF 09-06-2011-COVERING
NIFTY NIFTY JUN F & O(BOUGHT ON 09-06-2011)-IIP DATA TODAY AND MARKET MAY BE VOLATILE THEREFORE COVER IMMEDIATELY-CMP-5510
Pre-open Outlook(10-06-2011)
Asian markets slipped from higher levels and trading in Red therefore sentiment is weaker today morning. Expected that Nifty will trade and prepare for next moves in yesterday range(5502-5540) after flat to negative opening today. As selling at higher levels and buying at lower levels was seen yesterday therefore today range break out and sustaining beyond will be confirmation of today trading positions(buying or selling).
Completely range bound markets therefore final conclusions will be drawn from intraday trading patterns and sustaining mentioned beyond yesterday trading range. IIP data will be declared at 11:00AM today therefore market may be volatile also.
Completely range bound markets therefore final conclusions will be drawn from intraday trading patterns and sustaining mentioned beyond yesterday trading range. IIP data will be declared at 11:00AM today therefore market may be volatile also.
Million $ questions of Indian markets
Market Outlook(10-06-2011)
EOD chart positio updated yesterday with this conclusion that either nifty will blast above 5605 or crash below 5355 because;-
1- All trends will be up above 5605 after Neckline break out of Inverse Head & Shoulders.
2- Move below 5355 will be confirmation of all trends turning down and breaking down of minimum 27 sessions range bound moves.
Million $ questions are :-
1- Will Nifty blast above 5605 or crash below 5355?
2- Who will reply first of all and tell before break out of 27 sessions range bound market?
Only intraday charts have power to tell the break out side before any other tool and first of all therefore it has to be understood from intraday trading patterns that Indian markets are consolidating or distributing.
Following messages were updated after intraday charts analysis in Mid-session Outlooks yesterday;-
1- When Indian market slipped fast and trading near days lower levels then it was told many times that weakness confirmation will be after sustaining below 5515 only
2- When Nifty was trading at lower levels and started consolidations then immediately told near lower levels for upmoves possibilities in Mid-session Outlook-3 and up moves were seen also after my this posting yesterday.
3- Following line was also told in Pre-closing Outlook(09-06-2011):-
"intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today"
4- Following line was also told yesterday in Nifty-Micro Analysis of Intra Day Chart For 10-06-2011
"Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions"
That Up move which was clearly declared many times yesterday from intraday charts analysis, will be seen today after positive opening. Next resistances are as follows:-
1- 5528-5538
2- 5545-5555
3- 5550-5570
4- 5580-5604
Next supports are as follows:-
1- 5502-5525
2- 5482-5492
3- 5460-5480
Positive opening expected today and Nifty will trade within next resistance ranges first therefore consolidations is must for any up moves from here. Also expected that Indian markets will consolidate at higer levels and close positive today.
EOD chart positio updated yesterday with this conclusion that either nifty will blast above 5605 or crash below 5355 because;-
1- All trends will be up above 5605 after Neckline break out of Inverse Head & Shoulders.
2- Move below 5355 will be confirmation of all trends turning down and breaking down of minimum 27 sessions range bound moves.
Million $ questions are :-
1- Will Nifty blast above 5605 or crash below 5355?
2- Who will reply first of all and tell before break out of 27 sessions range bound market?
Only intraday charts have power to tell the break out side before any other tool and first of all therefore it has to be understood from intraday trading patterns that Indian markets are consolidating or distributing.
Following messages were updated after intraday charts analysis in Mid-session Outlooks yesterday;-
1- When Indian market slipped fast and trading near days lower levels then it was told many times that weakness confirmation will be after sustaining below 5515 only
2- When Nifty was trading at lower levels and started consolidations then immediately told near lower levels for upmoves possibilities in Mid-session Outlook-3 and up moves were seen also after my this posting yesterday.
3- Following line was also told in Pre-closing Outlook(09-06-2011):-
"intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today"
4- Following line was also told yesterday in Nifty-Micro Analysis of Intra Day Chart For 10-06-2011
"Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions"
That Up move which was clearly declared many times yesterday from intraday charts analysis, will be seen today after positive opening. Next resistances are as follows:-
1- 5528-5538
2- 5545-5555
3- 5550-5570
4- 5580-5604
Next supports are as follows:-
1- 5502-5525
2- 5482-5492
3- 5460-5480
Positive opening expected today and Nifty will trade within next resistance ranges first therefore consolidations is must for any up moves from here. Also expected that Indian markets will consolidate at higer levels and close positive today.
FII & DII trading activity in Capital Market Segment on 09-Jun-2011
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Nifty-Micro Analysis of Intra Day Chart For 10-06-2011
Nifty-Intra Day Chart(09-06-2011):-
Main Features
1- selling between 5522-5540
2- Consolidation between 5505-5526
Conclusions
Volatile day today and market slipped from higher levels 2 times but got support at lower levels also. Indian markets slipped from higher levels and when Nifty was trading at lower levels then it was told many tmes that weakness confirmation will be after sustaining below 5515 only. When Nifty was trading at lower levels and started consolidations then also upmoves possibilities was told in Mid-session Outlook-3.
Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions.
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| Just click on chart for its enlarged view |
1- selling between 5522-5540
2- Consolidation between 5505-5526
Conclusions
Volatile day today and market slipped from higher levels 2 times but got support at lower levels also. Indian markets slipped from higher levels and when Nifty was trading at lower levels then it was told many tmes that weakness confirmation will be after sustaining below 5515 only. When Nifty was trading at lower levels and started consolidations then also upmoves possibilities was told in Mid-session Outlook-3.
Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions.
Indian Stock Markets Closing Reports(09-06-2011)
Main features of today trading are as follows
1- Doji Candle with intraday consolidation patterns
1- Red but almost flat closing.
2- Support at lower levels.
3- Most of the Indices closed in Red but showing consolidations
Ratios
Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(09-06-2011): 20.39
Advances & Declines
BSE ADVANCES : 1384
BSE DECLINES : 1432
NSE ADVANCES : 603
NSE DECLINES : 792
Nifty Open Interest Changed Today
Nifty- 5400 CE(Jun)- +201750(+8.05%)
Nifty- 5400 PE(Jun)- +383350(+4.30%)
Nifty- 5500 CE(Jun)- -12000(-0.27%)
Nifty- 5500 PE(Jun)- -4450(-0.07%)
Nifty- 5600 CE(Jun)- +365550(6.22%)
Nifty- 5600 PE(Jun)- +65650(+2.23%)
Closing
Nifty- closed at 5,521.05(-5.80 Points & -0.10%)
Sensex- closed at 18,384.90(-9.39 Points & -0.05%)
CNX MIDCAP - closed at 8,017.20(-21.85 Points & -0.27%)
BSE SMALL CAP- closed at 8,326.35(+6.85 Points & +0.08%)
1- Doji Candle with intraday consolidation patterns
1- Red but almost flat closing.
2- Support at lower levels.
3- Most of the Indices closed in Red but showing consolidations
Ratios
Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(09-06-2011): 20.39
Advances & Declines
BSE ADVANCES : 1384
BSE DECLINES : 1432
NSE ADVANCES : 603
NSE DECLINES : 792
Nifty Open Interest Changed Today
Nifty- 5400 CE(Jun)- +201750(+8.05%)
Nifty- 5400 PE(Jun)- +383350(+4.30%)
Nifty- 5500 CE(Jun)- -12000(-0.27%)
Nifty- 5500 PE(Jun)- -4450(-0.07%)
Nifty- 5600 CE(Jun)- +365550(6.22%)
Nifty- 5600 PE(Jun)- +65650(+2.23%)
Closing
Nifty- closed at 5,521.05(-5.80 Points & -0.10%)
Sensex- closed at 18,384.90(-9.39 Points & -0.05%)
CNX MIDCAP - closed at 8,017.20(-21.85 Points & -0.27%)
BSE SMALL CAP- closed at 8,326.35(+6.85 Points & +0.08%)
Nifty Spot-Levels & Trading Strategy for 10-06-2011
Nifty Spot-Levels
R3 5578
R2 5559
R1 5540
Avg 5521
S1 5502
S2 5483
S3 5464
Nifty Spot-Trading Strategy
H6 5559 Trgt 2
H5 5550 Trgt 1
H4 5541 Long breakout
H3 5531 Go Short
H2 5527
H1 5524
L1 5517
L2 5514
L3 5510 Long
L4 5500 Short Breakout
L5 5491 Trgt 1
L6 5482 Trgt 2
R3 5578
R2 5559
R1 5540
Avg 5521
S1 5502
S2 5483
S3 5464
Nifty Spot-Trading Strategy
H6 5559 Trgt 2
H5 5550 Trgt 1
H4 5541 Long breakout
H3 5531 Go Short
H2 5527
H1 5524
L1 5517
L2 5514
L3 5510 Long
L4 5500 Short Breakout
L5 5491 Trgt 1
L6 5482 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 10-06-2011
Nifty(Jun Fut)-Levels
R3 5595
R2 5569
R1 5544
Avg 5518
S1 5493
S2 5467
S3 5442
Nifty(Jun Fut)-Trading Strategy
H6 5570 Trgt 2
H5 5558 Trgt 1
H4 5547 Long breakout
H3 5533 Go Short
H2 5528
H1 5523
L1 5514
L2 5509
L3 5504 Long
L4 5490 Short Breakout
L5 5479 Trgt 1
L6 5467 Trgt 2
R3 5595
R2 5569
R1 5544
Avg 5518
S1 5493
S2 5467
S3 5442
Nifty(Jun Fut)-Trading Strategy
H6 5570 Trgt 2
H5 5558 Trgt 1
H4 5547 Long breakout
H3 5533 Go Short
H2 5528
H1 5523
L1 5514
L2 5509
L3 5504 Long
L4 5490 Short Breakout
L5 5479 Trgt 1
L6 5467 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 10-06-2011
Bank Nifty(Jun Fut)-Levels
R3 10975
R2 10911
R1 10849
Avg 10785
S1 10723
S2 10659
S3 10597
Bank Nifty(Jun Fut)-Trading Strategy
H6 10914 Trgt 2
H5 10886 Trgt 1
H4 10857 Long breakout
H3 10822 Go Short
H2 10811
H1 10799
L1 10776
L2 10764
L3 10753 Long
L4 10718 Short Breakout
L5 10689 Trgt 1
L6 10661 Trgt 2
R3 10975
R2 10911
R1 10849
Avg 10785
S1 10723
S2 10659
S3 10597
Bank Nifty(Jun Fut)-Trading Strategy
H6 10914 Trgt 2
H5 10886 Trgt 1
H4 10857 Long breakout
H3 10822 Go Short
H2 10811
H1 10799
L1 10776
L2 10764
L3 10753 Long
L4 10718 Short Breakout
L5 10689 Trgt 1
L6 10661 Trgt 2
NIFTY-JUN F&O-1ST BUYING OF 09-06-2011-TRADE
NIFTY(JUN FUT-BUY-POSITIONAL)SL-5494-TGT-5574-CMP-5518
NIFTY(JUN CALL OPTION-BUY-POSITIONAL)SL-5494-TGT-5574-S.P.FOR CALL-5500,5600(JUN FUT-RATES FOR ALL OPTIONS)-CMP-5518
NIFTY(JUN CALL OPTION-BUY-POSITIONAL)SL-5494-TGT-5574-S.P.FOR CALL-5500,5600(JUN FUT-RATES FOR ALL OPTIONS)-CMP-5518
Pre-closing Outlook(09-06-2011)
As consolidations seen at lower levels therefore upmoves possibilities were told in Mid-session Outlook-3 and that was seen also but Nifty retraced from 5540 after selling between 5528-5540 today which is just below next resistance next resistance(5545-5604).
Intraday support seen between 5505-5515 and selling between 5528-5540 but intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today.
Intraday support seen between 5505-5515 and selling between 5528-5540 but intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today.
Mid-session Outlook-3(09-06-2011)
Although Indian markets are trading in Red but consolidations at lower levels and showing upmoves possibilities.
Mid-session Outlook-2(09-06-2011)
Weakness increased after increasing Inflation data today. Today low is at 5402 but moving below 5494 will be more down moves confirmation.
Mid-session Outlook(09-06-2011)
Nifty slipped below 5515 and formed the bottom at 5505 but down moves were without force. and Nifty recovered and again trading at 5520. I told again and again for getting confirmations through sustaing below 5515.
Intraday charts are showing minor base formation between 5505-5515 today also. It is the character of stock markets that it takes its own time in preparation process and it is being done between 5529-5605. We shall continuously understand at each minor move and drawing conclusions also. let 100% confirmation come then will be posted.
Intraday charts are showing minor base formation between 5505-5515 today also. It is the character of stock markets that it takes its own time in preparation process and it is being done between 5529-5605. We shall continuously understand at each minor move and drawing conclusions also. let 100% confirmation come then will be posted.
Post-open Outlook-2(09-06-2011)
Nifty slipped below 5515 and it has to watched that Nifty is sustaining below 5515 or not. Nifty sustaining below 5515 will mean testing possibility of following 2 supports:-
1- 5480
2- 5440
Moves below 5440 will be 1st strong indication of deep down moves. Nifty is trading between 5510-5520 and if Nifty sustains below 5515 today then it will also strong indication of more down moves.
1- 5480
2- 5440
Moves below 5440 will be 1st strong indication of deep down moves. Nifty is trading between 5510-5520 and if Nifty sustains below 5515 today then it will also strong indication of more down moves.
Post-open Outlook(09-06-2011)
Nifty consolidated between 5515-5525 yesterday and trading above and within this trading range since opening today. Market slipped from higher levels and dipping below 5515 will be first weakness indication.
Nifty will Blast above 5605 or Crash Below 5355
Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels.
enjoydailyprofits.blogspot.com always predict before the begining of any decisive moves in Indian stock markets and also always predict before any Business News Channel and will again try to predict first of all that Nifty will blast above 5605 or crash below 5355.
Indian markets are preparing for next moves between 5450-5605 for the last 9 sessions. As intraday charts analysis can tell first of all therefore Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011) has been updated in following topic for understanding next moves in Indian stock markets:-
Technical Analysis,Researches & Market Outlook(09-06-2011)
enjoydailyprofits.blogspot.com always predict before the begining of any decisive moves in Indian stock markets and also always predict before any Business News Channel and will again try to predict first of all that Nifty will blast above 5605 or crash below 5355.
Indian markets are preparing for next moves between 5450-5605 for the last 9 sessions. As intraday charts analysis can tell first of all therefore Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011) has been updated in following topic for understanding next moves in Indian stock markets:-
Technical Analysis,Researches & Market Outlook(09-06-2011)
Technical Analysis,Researches & Market Outlook(09-06-2011)
Technical Analysis,Researches & Market Outlook(09-06-2011)
Nifty-EOD Chart(08-06-2011):-
Main Features
1- Long term trend is down.
2- Intermediate and Short term trends are sideways.
3- Nifty is trading between 5329-5605 for the last 26 sessions.
4- Pennant Continuation pattern formation in on going correction.
5- Nifty retraced on 25-05-2011 from 5329 after Falling Wedge trend reversal pattern formation.
6- Last 26 sessions(5329-5605) are showing preperation of Inverted Head & Shoulders formations and Right Shoulder is under construction.
7- Neckline of Inverse Head & Shoulders is at 5605.
Conclusions
Last 26 sessions range bound market between 5329-5605. Forceful break out or sustaining above 5605 will mean blating rally and sustaining below 5329 will mean deep dipping.
"Million $ question is left to be replied" that how to understand break out side of 5329-5605. As early final conclusions will be drawn so earlier trading positions can be made in that direction. Above mentioned patterns and technical positions are clear but final conclusions can not be drawn only from them. Technical buying and selling positions will be understood from intraday charts and then key levels,points and formations will be understood.
Nifty formed recent bottom at 5329 on 25-05-2011 and up moves started on 26-05-2011.Since then Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels therefore from this date intraday trading positions are shown in following intraday chart:-
Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011)
Main Features
1- Selling between 5545-5604
2- Buying between 5450-5535
3- Buying between 5355-5405
Conclusions
Last 9 sessions most time trading range is 5450-5604 with good resistances at higher levels and strong supports at lower levels also therefore Nifty is not prepared for decisive break out at this moment and expected that Nifty will trade between 5450-5604 in the coming sessions and will prepare for decisive break out.
Conclusions (After Putting All Studies Together)
Following 3 upmoves suggesting patterns in last 26 sessions:-
1- Upmoves begining after Falling Wedge Bullish reversal pattern formations.
2- Upmoves continuation Pennant pattern formations.
3- Inverted Head & Shoulders under constructions.
As above mentioned positive patterns in EOD charts therefore expected that Nifty will finally cross 5605 after some more consolidations between 5450-5604.
Nifty-EOD Chart(08-06-2011):-
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| Add caption |
1- Long term trend is down.
2- Intermediate and Short term trends are sideways.
3- Nifty is trading between 5329-5605 for the last 26 sessions.
4- Pennant Continuation pattern formation in on going correction.
5- Nifty retraced on 25-05-2011 from 5329 after Falling Wedge trend reversal pattern formation.
6- Last 26 sessions(5329-5605) are showing preperation of Inverted Head & Shoulders formations and Right Shoulder is under construction.
7- Neckline of Inverse Head & Shoulders is at 5605.
Conclusions
Last 26 sessions range bound market between 5329-5605. Forceful break out or sustaining above 5605 will mean blating rally and sustaining below 5329 will mean deep dipping.
"Million $ question is left to be replied" that how to understand break out side of 5329-5605. As early final conclusions will be drawn so earlier trading positions can be made in that direction. Above mentioned patterns and technical positions are clear but final conclusions can not be drawn only from them. Technical buying and selling positions will be understood from intraday charts and then key levels,points and formations will be understood.
Nifty formed recent bottom at 5329 on 25-05-2011 and up moves started on 26-05-2011.Since then Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels therefore from this date intraday trading positions are shown in following intraday chart:-
Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011)
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| Just click on chart for its enlarged view |
1- Selling between 5545-5604
2- Buying between 5450-5535
3- Buying between 5355-5405
Conclusions
Last 9 sessions most time trading range is 5450-5604 with good resistances at higher levels and strong supports at lower levels also therefore Nifty is not prepared for decisive break out at this moment and expected that Nifty will trade between 5450-5604 in the coming sessions and will prepare for decisive break out.
Conclusions (After Putting All Studies Together)
Following 3 upmoves suggesting patterns in last 26 sessions:-
1- Upmoves begining after Falling Wedge Bullish reversal pattern formations.
2- Upmoves continuation Pennant pattern formations.
3- Inverted Head & Shoulders under constructions.
As above mentioned positive patterns in EOD charts therefore expected that Nifty will finally cross 5605 after some more consolidations between 5450-5604.
Nifty-Micro Analysis of Intra Day Chart For 09-06-2011
Nifty-Intra Day Chart(08-06-2011):-
Main Features
1- Selling between 5545-5455
3- Last 2 hours consolidation patterns between 5515-4425
Conclusions
Some selling at higher levels but last 2 hours lower levels consolidations also therefore view will not be bearish despite Red closing today. Trading range of today is 5515-5555 and break out of today range will be only first indication of next trend because good supports below today range and strong resistances above today range also.
Decisive trending moves should be expected after break out of 5459-5605.
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| Just click on chart for its enlarged view |
1- Selling between 5545-5455
3- Last 2 hours consolidation patterns between 5515-4425
Conclusions
Some selling at higher levels but last 2 hours lower levels consolidations also therefore view will not be bearish despite Red closing today. Trading range of today is 5515-5555 and break out of today range will be only first indication of next trend because good supports below today range and strong resistances above today range also.
Decisive trending moves should be expected after break out of 5459-5605.
Indian Stock Markets Closing Reports(08-06-2011)
Main features of today trading are as follows
1- Red closing after whole day negative zone trading.
2- Selling at higher levels and buying at lower levels.
3- Range bound quiet market.
Ratios
Nifty Put Call Ratio: .92
Nifty P/E Ratio(08-06-2011): 20.41
Advances & Declines
BSE ADVANCES : 1351
BSE DECLINES : 1470
NSE ADVANCES : 630
NSE DECLINES : 755
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +338100(+8.12%)
Nifty- 5500 PE(Jun)- -96750(-1.40%)
Nifty- 5600 CE(Jun)- +760200(+14.07%)
Nifty- 5600 PE(Jun)- -284850(-8.81%)
Closing
Nifty- closed at 5,526.85(-29.30 Points & -0.53%)
Sensex- closed at 18,394.29(-101.33 Points & -0.55% )
CNX MIDCAP - closed at 8,039.05(-4.20 Points & -0.05%)
BSE SMALL CAP- closed at 8,319.50(+13.13 Points & +0.16%)
1- Red closing after whole day negative zone trading.
2- Selling at higher levels and buying at lower levels.
3- Range bound quiet market.
Ratios
Nifty Put Call Ratio: .92
Nifty P/E Ratio(08-06-2011): 20.41
Advances & Declines
BSE ADVANCES : 1351
BSE DECLINES : 1470
NSE ADVANCES : 630
NSE DECLINES : 755
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +338100(+8.12%)
Nifty- 5500 PE(Jun)- -96750(-1.40%)
Nifty- 5600 CE(Jun)- +760200(+14.07%)
Nifty- 5600 PE(Jun)- -284850(-8.81%)
Closing
Nifty- closed at 5,526.85(-29.30 Points & -0.53%)
Sensex- closed at 18,394.29(-101.33 Points & -0.55% )
CNX MIDCAP - closed at 8,039.05(-4.20 Points & -0.05%)
BSE SMALL CAP- closed at 8,319.50(+13.13 Points & +0.16%)
FII & DII trading activity in Capital Market Segment on 08-Jun-2011
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Nifty Spot-Levels & Trading Strategy for 09-06-2011
Nifty Spot-Levels
R3 5592
R2 5574
R1 5550
Avg 5532
S1 5508
S2 5490
S3 5466
Nifty Spot-Trading Strategy
H6 5568 Trgt 2
H5 5558 Trgt 1
H4 5549 Long breakout
H3 5537 Go Short
H2 5533
H1 5529
L1 5522
L2 5518
L3 5514 Long
L4 5502 Short Breakout
L5 5493 Trgt 1
L6 5483 Trgt 2
R3 5592
R2 5574
R1 5550
Avg 5532
S1 5508
S2 5490
S3 5466
Nifty Spot-Trading Strategy
H6 5568 Trgt 2
H5 5558 Trgt 1
H4 5549 Long breakout
H3 5537 Go Short
H2 5533
H1 5529
L1 5522
L2 5518
L3 5514 Long
L4 5502 Short Breakout
L5 5493 Trgt 1
L6 5483 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 09-06-2011
Nifty(Jun Fut)-Levels
R3 5603
R2 5581
R1 5555
Avg 5533
S1 5507
S2 5485
S3 5459
Nifty(Jun Fut)-Trading Strategy
H6 5577 Trgt 2
H5 5566 Trgt 1
H4 5555 Long breakout
H3 5542 Go Short
H2 5537
H1 5533
L1 5524
L2 5520
L3 5515 Long
L4 5502 Short Breakout
L5 5491 Trgt 1
L6 5480 Trgt 2
R3 5603
R2 5581
R1 5555
Avg 5533
S1 5507
S2 5485
S3 5459
Nifty(Jun Fut)-Trading Strategy
H6 5577 Trgt 2
H5 5566 Trgt 1
H4 5555 Long breakout
H3 5542 Go Short
H2 5537
H1 5533
L1 5524
L2 5520
L3 5515 Long
L4 5502 Short Breakout
L5 5491 Trgt 1
L6 5480 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 09-06-2011
Bank Nifty(Jun Fut)-Levels
R3 11022
R2 10958
R1 10878
Avg 10814
S1 10734
S2 10670
S3 10590
Bank Nifty(Jun Fut)-Trading Strategy
H6 10943 Trgt 2
H5 10910 Trgt 1
H4 10878 Long breakout
H3 10838 Go Short
H2 10825
H1 10812
L1 10785
L2 10772
L3 10759 Long
L4 10719 Short Breakout
L5 10687 Trgt 1
L6 10654 Trgt 2
R3 11022
R2 10958
R1 10878
Avg 10814
S1 10734
S2 10670
S3 10590
Bank Nifty(Jun Fut)-Trading Strategy
H6 10943 Trgt 2
H5 10910 Trgt 1
H4 10878 Long breakout
H3 10838 Go Short
H2 10825
H1 10812
L1 10785
L2 10772
L3 10759 Long
L4 10719 Short Breakout
L5 10687 Trgt 1
L6 10654 Trgt 2
Pre-closing Outlook(08-06-2011)
Nifty traded between 5515-5558 and intraday supports and resistances are as follows:-
1- Selling between 5545-5455
2- Buying between 5515-4425
More immediate resistances above today highs and in the same manner more immediate supports below today
lows. Break out of today range will be first indication and crossing 5459-5604 will be next decisive and trending move confirmation.
Although Indian markets are closing in Red today but last 2 hours lower levels intraday support between 5515-5525 therefore view is not bearish.
1- Selling between 5545-5455
2- Buying between 5515-4425
More immediate resistances above today highs and in the same manner more immediate supports below today
lows. Break out of today range will be first indication and crossing 5459-5604 will be next decisive and trending move confirmation.
Although Indian markets are closing in Red today but last 2 hours lower levels intraday support between 5515-5525 therefore view is not bearish.
Mid-session Outlook(08-06-2011)
Lacklustre quiet market between 5530-5558 in first 3 hours and selling developed between 5548-4458 today. Positions of resistance ranges are as follows:-
1- Previous resistance- 5580-5604
2- Resiistance due to yesterday Last 2 hours mixed patterns between 5550-5570.
3- Selling developed between 5548-5458 today.
Nifty slipped from first support range after intraday selling today and confirmed weakness because today selling is exactly below previous resistances. As three selling ranges at higher levels therefore Nifty require complete complete consolidation for an up move and more down moves below 5500 is also possible.
Next strong support range is 5459-5473 and until Nifty is above it till then on going up trend is safe slipping below 5500 or mentioned strong support range testing possibility can not be ruled out. Although Nifty slipped from higher levels but Indian markets are range bound between 5459-5604 and trending market will be seen after break out of this range.
Expected that nifty will trade between 5459-5558 in the coming 1/2 sessions and break out of this range will be next moves confirmations.
Market is completely range bound therefore each levels and moment has to be watched. Consolidation signals emerged between 5515-5525 in last half hour today therefore this range will be watched first.
1- Previous resistance- 5580-5604
2- Resiistance due to yesterday Last 2 hours mixed patterns between 5550-5570.
3- Selling developed between 5548-5458 today.
Nifty slipped from first support range after intraday selling today and confirmed weakness because today selling is exactly below previous resistances. As three selling ranges at higher levels therefore Nifty require complete complete consolidation for an up move and more down moves below 5500 is also possible.
Next strong support range is 5459-5473 and until Nifty is above it till then on going up trend is safe slipping below 5500 or mentioned strong support range testing possibility can not be ruled out. Although Nifty slipped from higher levels but Indian markets are range bound between 5459-5604 and trending market will be seen after break out of this range.
Expected that nifty will trade between 5459-5558 in the coming 1/2 sessions and break out of this range will be next moves confirmations.
Market is completely range bound therefore each levels and moment has to be watched. Consolidation signals emerged between 5515-5525 in last half hour today therefore this range will be watched first.
Pre-Open Market Outlook(08-06-2011)
Following lines were told in Pre-closing Outlook(07-06-2011) yesterday at 03:05:00 PM:-
1- Although Indian markets are moving up since opening but lacking force therefore Nifty require more consolidations for sustaining above today last 2 hours trading range(5550-5570) and next resistance range(5580-5604)"
2- Nifty is not prepared for breaking out 5604 and will trade and prepare for next moves below 5580 some more time. As patterns are mixed therefore trading between 5550-5570 will the watched today and in the coming sessions for next moves confirmations.
All the Asian markets are weak today morning and mixed trading patterns between 5550-5570 in last 2 hours as well therefore Nifty will open weak below 5550. Indian markets are range bound between 5329-5605 for the last 27 sessions and immediate support,resistance and next moves preperation ranges are as follows:-
1- Next strong support range- 5459-5473
2- Next strong resistance range- 5580-5604
3- Next moves preperation range- 5480-5550
Mentioned above ranges will be watched for next moves preparations and confirmations but expected that Nifty will consolidate between mentioned above ranges and finally decisive rally above 5605 will be seen.
Weak opening and firstly trading between 5480-5550 will be seen. As Asian markets are tanking therefore expected that most of the time Nifty will trade and close in negative zone. Markets are not trending but completely range bound therefore next moves possibility can be understood from:-
1- Through intraday trading patterns preparation
2- Breaking out of crucial range- 5459-5605
Let Nifty prepare between 5480-5550 then final conclusions will be drawn from intraday trading patterns and also will be posted in Mid-session Outlooks.
1- Although Indian markets are moving up since opening but lacking force therefore Nifty require more consolidations for sustaining above today last 2 hours trading range(5550-5570) and next resistance range(5580-5604)"
2- Nifty is not prepared for breaking out 5604 and will trade and prepare for next moves below 5580 some more time. As patterns are mixed therefore trading between 5550-5570 will the watched today and in the coming sessions for next moves confirmations.
All the Asian markets are weak today morning and mixed trading patterns between 5550-5570 in last 2 hours as well therefore Nifty will open weak below 5550. Indian markets are range bound between 5329-5605 for the last 27 sessions and immediate support,resistance and next moves preperation ranges are as follows:-
1- Next strong support range- 5459-5473
2- Next strong resistance range- 5580-5604
3- Next moves preperation range- 5480-5550
Mentioned above ranges will be watched for next moves preparations and confirmations but expected that Nifty will consolidate between mentioned above ranges and finally decisive rally above 5605 will be seen.
Weak opening and firstly trading between 5480-5550 will be seen. As Asian markets are tanking therefore expected that most of the time Nifty will trade and close in negative zone. Markets are not trending but completely range bound therefore next moves possibility can be understood from:-
1- Through intraday trading patterns preparation
2- Breaking out of crucial range- 5459-5605
Let Nifty prepare between 5480-5550 then final conclusions will be drawn from intraday trading patterns and also will be posted in Mid-session Outlooks.
Market Outlook(08-06-2011)
Nifty-Micro Analysis of Intra Day Chart (07-06-2011)
Main Features
1- Consolidation pattern between 5510-5540
2- Last 2 hours mixed patterns between 5550-5570.
Conclusions
Continuous up moves with lower levels good consolidations and mixed patterns between 5550-5570 in last 2 hours today therefore trading between this range or beyond this range will be watched first tomorrow.
Market Outlook(08-06-2011)
Good supports at lower levels and next crucial resistance range is 5580-5604. Nifty traded 2 hours just below it with mixed patterns yesterday. Nifty has already retraced from this range 5 times in last 27 sessions therefore view will remain cautious but it does'not mean that this time Nifty will again retrace from mentioned resistance range.
Although mentioned resistance range will be firstly watched tomorrrow but expected that Nifty will finally consolidate between mentioned resistance range and decisive rally above 5605 will start from within couple of sessions.
For precaution sustaining beyond mentioned resistance range(5580-5604) must be watched first for next moves confirmations.
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| Just click on chart for its enlarged view |
1- Consolidation pattern between 5510-5540
2- Last 2 hours mixed patterns between 5550-5570.
Conclusions
Continuous up moves with lower levels good consolidations and mixed patterns between 5550-5570 in last 2 hours today therefore trading between this range or beyond this range will be watched first tomorrow.
Market Outlook(08-06-2011)
Good supports at lower levels and next crucial resistance range is 5580-5604. Nifty traded 2 hours just below it with mixed patterns yesterday. Nifty has already retraced from this range 5 times in last 27 sessions therefore view will remain cautious but it does'not mean that this time Nifty will again retrace from mentioned resistance range.
Although mentioned resistance range will be firstly watched tomorrrow but expected that Nifty will finally consolidate between mentioned resistance range and decisive rally above 5605 will start from within couple of sessions.
For precaution sustaining beyond mentioned resistance range(5580-5604) must be watched first for next moves confirmations.
FII & DII trading activity in Capital Market Segment on 07-Jun-2011
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Indian Stock Markets Closing Reports(07-06-2011)
Main features of today trading are as follows
1- White Candle.
2- Whole day continuous up moves
3- All the Indices closed in Green except CG AND FMCG.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(07-06-2011): 20.52
Advances & Declines
BSE ADVANCES : 1513
BSE DECLINES : 1283
NSE ADVANCES : 808
NSE DECLINES : 578
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +129800(+3.10%)
Nifty- 5500 PE(Jun)- +614300(+9.72%)
Nifty- 5600 CE(Jun)- +183050(+3.42%)
Nifty- 5600 PE(Jun)- +485900(+17.47%)
Closing
Nifty- closed at 5,556.15(+24.10 Points & +0.44%)
Sensex- closed at 18,495.62(+75.51 Points & +0.41% )
CNX MIDCAP - closed at 8,043.25(+51.60 Points & +0.65%)
BSE SMALL CAP- closed at 8,306.37(+53.57 Points & +0.65%)
1- White Candle.
2- Whole day continuous up moves
3- All the Indices closed in Green except CG AND FMCG.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(07-06-2011): 20.52
Advances & Declines
BSE ADVANCES : 1513
BSE DECLINES : 1283
NSE ADVANCES : 808
NSE DECLINES : 578
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +129800(+3.10%)
Nifty- 5500 PE(Jun)- +614300(+9.72%)
Nifty- 5600 CE(Jun)- +183050(+3.42%)
Nifty- 5600 PE(Jun)- +485900(+17.47%)
Closing
Nifty- closed at 5,556.15(+24.10 Points & +0.44%)
Sensex- closed at 18,495.62(+75.51 Points & +0.41% )
CNX MIDCAP - closed at 8,043.25(+51.60 Points & +0.65%)
BSE SMALL CAP- closed at 8,306.37(+53.57 Points & +0.65%)
Nifty Spot-Levels & Trading Strategy for 08-06-2011
Nifty Spot-Levels
R3 5644
R2 5607
R1 5581
Avg 5544
S1 5518
S2 5481
S3 5455
Nifty Spot-Trading Strategy
H6 5619 Trgt 2
H5 5605 Trgt 1
H4 5590 Long breakout
H3 5573 Go Short
H2 5567
H1 5561
L1 5550
L2 5544
L3 5538 Long
L4 5521 Short Breakout
L5 5506 Trgt 1
L6 5492 Trgt 2
R3 5644
R2 5607
R1 5581
Avg 5544
S1 5518
S2 5481
S3 5455
Nifty Spot-Trading Strategy
H6 5619 Trgt 2
H5 5605 Trgt 1
H4 5590 Long breakout
H3 5573 Go Short
H2 5567
H1 5561
L1 5550
L2 5544
L3 5538 Long
L4 5521 Short Breakout
L5 5506 Trgt 1
L6 5492 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 08-06-2011
Nifty(Jun Fut)-Levels
R3 5659
R2 5618
R1 5590
Avg 5549
S1 5521
S2 5480
S3 5452
Nifty(Jun Fut)-Trading Strategy
H6 5631 Trgt 2
H5 5615 Trgt 1
H4 5599 Long breakout
H3 5580 Go Short
H2 5574
H1 5568
L1 5555
L2 5549
L3 5543 Long
L4 5524 Short Breakout
L5 5508 Trgt 1
L6 5492 Trgt 2
R3 5659
R2 5618
R1 5590
Avg 5549
S1 5521
S2 5480
S3 5452
Nifty(Jun Fut)-Trading Strategy
H6 5631 Trgt 2
H5 5615 Trgt 1
H4 5599 Long breakout
H3 5580 Go Short
H2 5574
H1 5568
L1 5555
L2 5549
L3 5543 Long
L4 5524 Short Breakout
L5 5508 Trgt 1
L6 5492 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 08-06-2011
Bank Nifty(Jun Fut)-Levels
R3 11115
R2 11020
R1 10950
Avg 10855
S1 10785
S2 10690
S3 10620
Bank Nifty(Jun Fut)-Trading Strategy
H6 11046 Trgt 2
H5 11008 Trgt 1
H4 10970 Long breakout
H3 10925 Go Short
H2 10910
H1 10895
L1 10864
L2 10849
L3 10834 Long
L4 10789 Short Breakout
L5 10751 Trgt 1
L6 10713 Trgt 2
R3 11115
R2 11020
R1 10950
Avg 10855
S1 10785
S2 10690
S3 10620
Bank Nifty(Jun Fut)-Trading Strategy
H6 11046 Trgt 2
H5 11008 Trgt 1
H4 10970 Long breakout
H3 10925 Go Short
H2 10910
H1 10895
L1 10864
L2 10849
L3 10834 Long
L4 10789 Short Breakout
L5 10751 Trgt 1
L6 10713 Trgt 2
Pre-closing Outlook(07-06-2011)
Indian markets are positive today and last 2 sessions outlooks are live proof of this fact that up moves possibility was told more than 10 times and down moves were never told.
Next and crucial resistance range is 5580-5604 and Nifty is trading just below it. Nifty has retraced from this range 5 times in last 26 sessions therefore view will remain cautious but it does'not mean that this time Nifty will again retrace from mentioned range.
Although Indian markets are moving up since opening but lacking force therefore Nifty require more consolidations for sustaining above today last 2 hours trading range(5550-5570) and next resistance range(5580-5604).
Nifty is not prepared for breaking out 5604 and will trade and prepare for next moves below 5580 some more time. As patterns are mixed therefore trading between 5550-5570 will the watched today and in the coming sessions for next moves confirmations.
Next and crucial resistance range is 5580-5604 and Nifty is trading just below it. Nifty has retraced from this range 5 times in last 26 sessions therefore view will remain cautious but it does'not mean that this time Nifty will again retrace from mentioned range.
Although Indian markets are moving up since opening but lacking force therefore Nifty require more consolidations for sustaining above today last 2 hours trading range(5550-5570) and next resistance range(5580-5604).
Nifty is not prepared for breaking out 5604 and will trade and prepare for next moves below 5580 some more time. As patterns are mixed therefore trading between 5550-5570 will the watched today and in the coming sessions for next moves confirmations.
Mid-session Outlook(07-06-2011)
Following lines were told yesterday in Nifty-Micro Analysis of Intra Day Chart For 07-06-2011:-
1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.
3- Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.
Consolidation higher level was told at 5510 and Nifty is trading above it since opening today. Mixed patterns were told near 5535 and Nifty is trading near 5535 for the last 2 hours and preparing for next moves.
Expected that Nifty will finally move above 5540.
1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.
3- Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.
Consolidation higher level was told at 5510 and Nifty is trading above it since opening today. Mixed patterns were told near 5535 and Nifty is trading near 5535 for the last 2 hours and preparing for next moves.
Expected that Nifty will finally move above 5540.
Post-open Outlook-2(07-06-2011)
Nifty traded last 45 minutes between 5530-5540 with intraday mixed trading patterns and Nifty is trading between this range for the last half hour today. Nifty sustaining beyond this range will be strong indication of next moves and today market preparations(Buying or Selling)
Post-open Outlook(07-06-2011)
Opening in Red but not weak today morning. Following line was told yesterday in Nifty-Micro Analysis of Intra Day Chart For 07-06-2011:-
"Good consolidations between 5480-5510"
Nifty is trading above this range and sustaining above this range today will be up move confirmation.
Good lower levels consolidations yesterday and follow up buying today pave the way of next resistance range(5580-5604) testing and it is expected also.
"Good consolidations between 5480-5510"
Nifty is trading above this range and sustaining above this range today will be up move confirmation.
Good lower levels consolidations yesterday and follow up buying today pave the way of next resistance range(5580-5604) testing and it is expected also.
Pre-open Outlook(07-06-2011)
Asian markets are down after weaker US cues therefore sentiment is weak and and Indian markets will open weak. Nifty will trade between yesterday range and prepare for next moves. Buying at lower levels and mixed patterns at higher levels yesterday therefore Indian markets have to prepare for any side moves and it will be done near 5500 first.
Sustaining beyond yesterday range(5480-5542) will give confirmation that:-
"Last Friday started correction from 5604 is continued or finished"
Let Indian markets prepare then will be decided from intraday charts formations and will be posted accordingly.
Sustaining beyond yesterday range(5480-5542) will give confirmation that:-
"Last Friday started correction from 5604 is continued or finished"
Let Indian markets prepare then will be decided from intraday charts formations and will be posted accordingly.
Market Outlook(07-06-2011)
Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topicS with 2 Charts therefore not being repeated:-
1- Nifty-Micro Analysis of Intra Day Chart For 07-06-2011
Conclusions (After Putting All Studies Together)
Long term trend is down. Intermediate term and short term trends are sideways. All the trends will be up above 5605. Nifty is trading between 5329-5605 for the last 26 sessions with Inverted Head and Shoulders(Bullish) formations,Neckline is at 5605 and above it all the trends will also be up therefore blasting rally will be seen above 5605.
Next Resistance and Supports are as follows
1- Next Resistance between 5580-5604
2- Next Support,base formation and consolidation between 5459-5520.
Expected next trading range is 5500-5570 and Nifty will prepare for next moves within it. As support and base formations at lower levels therefore follow up buying today will mean testing of above mentioned range and its possibility is strong. Next decisive moves confirmation range is 5459-5605.
1- Nifty-Micro Analysis of Intra Day Chart For 07-06-2011
Conclusions (After Putting All Studies Together)
Long term trend is down. Intermediate term and short term trends are sideways. All the trends will be up above 5605. Nifty is trading between 5329-5605 for the last 26 sessions with Inverted Head and Shoulders(Bullish) formations,Neckline is at 5605 and above it all the trends will also be up therefore blasting rally will be seen above 5605.
Next Resistance and Supports are as follows
1- Next Resistance between 5580-5604
2- Next Support,base formation and consolidation between 5459-5520.
Expected next trading range is 5500-5570 and Nifty will prepare for next moves within it. As support and base formations at lower levels therefore follow up buying today will mean testing of above mentioned range and its possibility is strong. Next decisive moves confirmation range is 5459-5605.
Nifty-Micro Analysis of Intra Day Chart For 07-06-2011
Nifty-Intra Day Chart(06-06-2011):-
Main Features
1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.
Conclusions
Nifty consolidated and got last 3 Hours support between 5510-5535 last Friday and also Nifty crossed this range today. Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.
Nifty suatining beyond 5535 tomorrow will decide that last Friday started correction from 5604 is continued or finished.
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1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.
Conclusions
Nifty consolidated and got last 3 Hours support between 5510-5535 last Friday and also Nifty crossed this range today. Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.
Nifty suatining beyond 5535 tomorrow will decide that last Friday started correction from 5604 is continued or finished.
Indian Stock Markets Closing Reports(06-06-2011)
Main features of today trading are as follows
1- Weak opening and positive closing.
2- White Candle.
3- Good support at lower levels in all the Indices.
Ratios
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(06-06-2011): 20.43
Advances & Declines
BSE ADVANCES : 1296
BSE DECLINES : 1508
NSE ADVANCES : 561
NSE DECLINES : 830
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +305550(+7.71%)
Nifty- 5500 PE(Jun)- +832750(+14.68%)
Nifty- 5600 CE(Jun)- -271150(-4.77%)
Nifty- 5600 PE(Jun)- +165800(+6.27%)
Closing
Nifty- closed at 5,532.05(+15.30 Points & +0.28%)
Sensex- closed at 18,420.11(+43.63 Points & +0.24% )
CNX MIDCAP - closed at 7,991.65(-1.30 Points &-0.02%)
BSE SMALL CAP- closed at 8,252.80(+14.11 Points & +0.17%)
1- Weak opening and positive closing.
2- White Candle.
3- Good support at lower levels in all the Indices.
Ratios
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(06-06-2011): 20.43
Advances & Declines
BSE ADVANCES : 1296
BSE DECLINES : 1508
NSE ADVANCES : 561
NSE DECLINES : 830
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +305550(+7.71%)
Nifty- 5500 PE(Jun)- +832750(+14.68%)
Nifty- 5600 CE(Jun)- -271150(-4.77%)
Nifty- 5600 PE(Jun)- +165800(+6.27%)
Closing
Nifty- closed at 5,532.05(+15.30 Points & +0.28%)
Sensex- closed at 18,420.11(+43.63 Points & +0.24% )
CNX MIDCAP - closed at 7,991.65(-1.30 Points &-0.02%)
BSE SMALL CAP- closed at 8,252.80(+14.11 Points & +0.17%)
FII & DII trading activity in Capital Market Segment on 06-Jun-2011
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Nifty Spot-Levels & Trading Strategy for 07-06-2011
R3 5619
R2 5580
R1 5556
Avg 5517
S1 5493
S2 5454
S3 5430
Nifty Spot-Trading Strategy
H6 5595 Trgt 2
H5 5581 Trgt 1
H4 5566 Long breakout
H3 5549 Go Short
H2 5543
H1 5537
L1 5526
L2 5520
L3 5514 Long
L4 5497 Short Breakout
L5 5482 Trgt 1
L6 5468 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 07-06-2011
R3 5632
R2 5589
R1 5561
Avg 5518
S1 5490
S2 5447
S3 5419
Nifty(Jun Fut)-Trading Strategy
H6 5605 Trgt 2
H5 5589 Trgt 1
H4 5573 Long breakout
H3 5553 Go Short
H2 5547
H1 5540
L1 5527
L2 5520
L3 5514 Long
L4 5494 Short Breakout
L5 5478 Trgt 1
L6 5462 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 07-06-2011
R3 11122
R2 10991
R1 10911
Avg 10780
S1 10700
S2 10569
S3 10489
Bank Nifty(Jun Fut)-Trading Strategy
H6 11045 Trgt 2
H5 10996 Trgt 1
H4 10947 Long breakout
H3 10889 Go Short
H2 10869
H1 10850
L1 10811
L2 10792
L3 10772 Long
L4 10714 Short Breakout
L5 10665 Trgt 1
L6 10616 Trgt 2
Pre-closing Outlook(06-06-2011)
As soon as Nifty got support between 5480-5495 then it was informed in Mid-session Outlook-2 today.
When Nifty was trading below 5535 and then following line was told:-
"Nifty crossing 5535 will mean strong rally after strong base formations at lower levels today".
Nifty is hovering around 5535 for the last 45 minutes and suatining beyond this level will decide that correction is on or off.
When Nifty was trading below 5535 and then following line was told:-
"Nifty crossing 5535 will mean strong rally after strong base formations at lower levels today".
Nifty is hovering around 5535 for the last 45 minutes and suatining beyond this level will decide that correction is on or off.
Mid-session Outlook-3(06-06-2011)
It was clearly told in all the today outlooks that today down moves are only due to weaker global cues and nervousness due to Baba Ramdev big jolt to Centre Government. Supports were posted for watching and Nifty got support above mentioned key levels today.
Nifty consolidated and got last 3 Hours support between 5510-5535 and Nifty is trading between this range at this moment. As today down below this range was due to adverse news flow and Nifty is trading between this range after getting good support below it therefore Nifty crossing 5535 will mean strong rally after strong base formations at lower levels today.
I was never bearish and expecting high possibility of crossing 5535.
Nifty consolidated and got last 3 Hours support between 5510-5535 and Nifty is trading between this range at this moment. As today down below this range was due to adverse news flow and Nifty is trading between this range after getting good support below it therefore Nifty crossing 5535 will mean strong rally after strong base formations at lower levels today.
I was never bearish and expecting high possibility of crossing 5535.
Mid-session Outlook-2(06-06-2011)
When Indian markets were near today's lowest levels then bearish views were not posted and clearly told that today down moves are due to sentiment weakness. Today down moves reasons were explained and also following line was clearly told in Mid-session Outlook:-
"view will be bearish after sustaining below 5459 only"
Today intraday support range is 5480-5495 and follow up buying in the coming hours will be first strong indication of down move stopping. As good support ai 5480 therefore:-
"down moves will be considered after sustaining below 5480 only"
"view will be bearish after sustaining below 5459 only"
Today intraday support range is 5480-5495 and follow up buying in the coming hours will be first strong indication of down move stopping. As good support ai 5480 therefore:-
"down moves will be considered after sustaining below 5480 only"
Mid-session Outlook(06-06-2011)
Nifty has moved below 38.2% retracement level(5494) and next retracement levels are as follows:-
50.0%- 5463
61.8%- 5431
Market is slipping after adverse news flow,let down move stopping confirmation come then up moves should be considered and 5459-5473 is strong support and Nifty slipping below 5459 will be strong indication of deep down markets therefore 5459 should be taken as weakness confirmation level.
Unrest,Agitations and Satyagraha today therefore sentiment is depressed and Indian markets slipped below 5500 today but sustaining below 5459 will be down moves confirmation and view will be bearish after sustaining below 5459 only.
News based sentimental weakness today and confirmation will be after sustaining beyond above mentioned levels only.
Pre-open Outlook(06-06-2011)
Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Charts,Technical Positions,next possibilities have already been explained in following topicS with Charts therefore not being repeated:-
Long term trend is still down and Nifty faced resistance at 5605 in previous week.Pull Back Rally stopped exactly near Neck Line(5605) and retraced 2 times in previous week. Immediate supports and resistances are as follows:-
1- Support,base formation and consolidation between 5459-5473 on 30-05-2011
2- Support between 5500-5540
3- Resistance between 5555-5600
Nifty will first prepare for next moves between 5459-5605 in this week and sustaining beyond this range will give confirmation to next trends.
Global cues are weak today morning therefore Indian markets will open weak and first trade between first support range(5500-5540). Until Nifty is above 5459 till then 26-05-2011 started rally is safe. Expected that Nifty will first hover around 5500 after weak opening and sustaining beyond 5500 will be next moves first indication.
Possibilities have been discussed and expected that Nifty will trade in first trade in negative zone after weak opening and prepare for next moves.Let Market prepare for next moves then will be decided according to intraday charts formations and will be posted in Mid-sessions Outlooks.
1- Support,base formation and consolidation between 5459-5473 on 30-05-2011
2- Support between 5500-5540
3- Resistance between 5555-5600
Nifty will first prepare for next moves between 5459-5605 in this week and sustaining beyond this range will give confirmation to next trends.
Global cues are weak today morning therefore Indian markets will open weak and first trade between first support range(5500-5540). Until Nifty is above 5459 till then 26-05-2011 started rally is safe. Expected that Nifty will first hover around 5500 after weak opening and sustaining beyond 5500 will be next moves first indication.
Possibilities have been discussed and expected that Nifty will trade in first trade in negative zone after weak opening and prepare for next moves.Let Market prepare for next moves then will be decided according to intraday charts formations and will be posted in Mid-sessions Outlooks.
Proofs of 100% Accurate Predictions
Rally started on 26-05 2011 and it was predicted 3 Times one day before
1- In Nifty-Micro Analysis of Intra Day Chart For 26-05-2011 on 5/25/2011 and following line was told:-
"bounce back will be seen tomorrow"
2- In Technical Analysis of EOD Chart and Research For 26-05-2011 at 12:21:00 AM on 5/26/2011 and following line was told:-
"Pull back rally and up moves hopes are possible"
3- In Pull Back Rally Possible at 07:51:00 AM on 5/26/2011 and following lines were told:-
"Pull Back Rally possibility is strong and may begin any day. Trend reversal pattern of Falling wedge formation in 5th corrective wave therefore correction completion and fresh rally begining is also possible"
Up move again started on 31-05 2011 and it was also predicted one day before
1- In Nifty-Micro Analysis of Intra Day Chart For 31-05-2011 at 06:04:00 PM on 5/30/2011 and following line was told:-
"upmoves with continuous consolidations possibility is high"
1- In Nifty-Micro Analysis of Intra Day Chart For 26-05-2011 on 5/25/2011 and following line was told:-
"bounce back will be seen tomorrow"
2- In Technical Analysis of EOD Chart and Research For 26-05-2011 at 12:21:00 AM on 5/26/2011 and following line was told:-
"Pull back rally and up moves hopes are possible"
3- In Pull Back Rally Possible at 07:51:00 AM on 5/26/2011 and following lines were told:-
"Pull Back Rally possibility is strong and may begin any day. Trend reversal pattern of Falling wedge formation in 5th corrective wave therefore correction completion and fresh rally begining is also possible"
Up move again started on 31-05 2011 and it was also predicted one day before
1- In Nifty-Micro Analysis of Intra Day Chart For 31-05-2011 at 06:04:00 PM on 5/30/2011 and following line was told:-
"upmoves with continuous consolidations possibility is high"
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