Steel like Strong Support between 5250-5330

Nifty-Micro Analysis of 5 days Intra Day Chart(Jun 20 to Jun 24,2011)

Nifty-Intra Day Chart(Jun 20 to Jun 24,2011):-

Just click on chart for its enlarged view

Indian markets proved first 4 days trading(5250-5330) range of previous week as strong support after gap up opening and strong rally  on 24-06-2011. Nifty consolidated in last 4 days and most of the time on 24-06-2011 as well as crossed 3 following Resistance ranges in a single day:-

1- Resistance range- 5300-5320
2- Resistance range- 5360-5385
3- Resistance range- 5400-5440

Next crucial Supports & Resistances are as follows:-

1-Srrong resistance range is 5480-5604(First 10 days selling in June 2011)
2-Strong support range is 5250-5330(Previous week 4 days consolidation)
3-Strong support range is 5220-5250(June-July 2010 Flag Formation Strong Support)

Conclusions

Strong supports at lower levels below 5330 therefore will not easily dip below it and complete selling is required for slipping below it. In the same manner strong resistance above 5480 and complete consolidation is also must for any decisive rally above it.

Nifty traded between 5360-5477 on 24-06-2011 and trading range was exactly between mentioned supports and resistances. Nifty will not go anywhere in the next couple of sessions and will trade only within last Friday range to perform preparation procss for next moves.

Above conclusions are drawn from last week intraday chart analysis. Big change in EOD charts patterns and indicators after last Friday strong rally,its analysis with conclusions will be updated  tomorrow and before Monday trading beginning. 

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Nifty-Micro Analysis of Intra Day Chart For 27-06-2011

Nifty-Intra Day Chart(24-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Buying between 5376-5395
2- Buying between 5407-5418
3- Last 1 hour selling between 5453-5475

Conclusions

Vertical rise seen today with intraday consolidations and last 1 hour selling indications seen and minor Rising Wedge(Bearish pattern) is also visible within it. Minor selling pattern at the higher levels is an indication of small down move only and first trading range will be decided according to sentiment Monday morning.

Final conclusions will be posted after Technical Analysis and Researches from EOD charts in the coming topics in next 2 days.

13 Recent Topics,Technical Analysis,News & Research For 27-06-2011 Trading

13 Topics have been posted for 27-06-2011 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:-

Topics prepared by Enjoy Daily Profits

1-  Pre-closing Outlook(24-06-2011)
2-  Nifty Spot-Weekly Levels & Trading Strategy(Jun 27 to Jul 01,2011)
3-  Bank Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2011
4-  Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2011
5-  Nifty Spot-Levels & Trading Strategy for 27-06-2011
6-  Indian Stock Markets Closing Reports(24-06-2011)
7-  FII & DII trading activity in Capital Market Segment on 24-Jun-2011
8-  FII Trading Data in Derivatives Segment on 24-Jun-2011
9-  Nifty-Micro Analysis of Intra Day Chart For 27-06-2011
10- Steel like Strong Support between 5250-5330
11- 3 Whipsaws(False signals) in Indian markets on 20-06-2011
12- 18 months Rising Trend Line is valid Now
13- 4 months Head & Shoulders Pattern in EOD Chart

FII Trading Data in Derivatives Segment on 24-Jun-2011

FII & DII trading activity in Capital Market Segment on 24-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 24-Jun-2011 3682.65 2792.21 890.44

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Jun-2011 1064.62 1551.47 -486.85

Indian Stock Markets Closing Reports(24-06-2011)

Main features of today trading are as follows

1- Long White Candle
2- All the Indices closed positive with good gains.
3- Nifty entered into 34 sessions range again today and Indian markets are now range bound(5329-5604).

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(24-06-2011): 20.17

Advances & Declines

BSE ADVANCES : 1980
BSE DECLINES :  865
NSE ADVANCES : 1162
NSE DECLINES :  271

Nifty Open Interest Changed Today

Nifty- 5300 CE(Jun)- -1426450(-31.36%)
Nifty- 5300 PE(Jun)- +1729950(+23.87%)

Nifty- 5400 CE(Jun)- -1213800(-17.91%)
Nifty- 5400 PE(Jun)- +4905250(+110.68%)

Nifty- 5500 CE(Jun)- -598450(-7.46%)
Nifty- 5500 PE(Jun)- +2778800(+129.51%)

Nifty- 5600 CE(Jun)- -359400(-4.39%)
Nifty- 5600 PE(Jun)- -42650(-4.65%)

Closing 

Nifty- closed at 5,471.25(+151.25 Points & +2.84%)
Sensex- closed at 18,240.68(+513.19 Points & +2.89%)
CNX MIDCAP - closed at 7,799.10(+156.35 Points & +2.05%)
BSE SMALL CAP- closed at 7,922.38(+140.44 Points & +1.80%)

Nifty Spot-Levels & Trading Strategy for 27-06-2011

Nifty Spot-Levels

R3 5651
R2 5564
R1 5517
Avg 5430
S1 5383
S2 5296
S3 5249

Nifty Spot-Trading Strategy

H6 5608     Trgt 2
H5 5576     Trgt 1
H4 5544     Long breakout
H3 5507     Go Short
H2 5495
H1 5483
L1 5458
L2 5446
L3 5434     Long
L4 5397     Short Breakout
L5 5365     Trgt 1
L6 5333     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2011

Nifty(Jun Fut)-Levels

R3 5692
R2 5591
R1 5537
Avg 5436
S1 5382
S2 5281
S3 5227

Nifty(Jun Fut)-Trading Strategy

H6 5643     Trgt 2
H5 5606     Trgt 1
H4 5569     Long breakout
H3 5526     Go Short
H2 5512
H1 5498
L1 5469
L2 5455
L3 5441     Long
L4 5398     Short Breakout
L5 5361     Trgt 1
L6 5324     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 27-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11267
R2 11082
R1 10981
Avg 10796
S1 10695
S2 10510
S3 10409

Bank Nifty(Jun Fut)-Trading Strategy

H6 11173     Trgt 2
H5 11105     Trgt 1
H4 11037     Long breakout
H3 10958     Go Short
H2 10932
H1 10906
L1 10853
L2 10827
L3 10801     Long
L4 10722     Short Breakout
L5 10654     Trgt 1
L6 10586     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jun 27 to Jul 01,2011)

Nifty Spot-Weekly Levels

R3 5847
R2 5662
R1 5566
Avg 5381
S1 5285
S2 5100
S3 5004

Nifty Spot-Weekly Trading Strategy

H6 5766 Trgt 2
H5 5696 Trgt 1
H4 5625 Long breakout
H3 5548 Go Short
H2 5522
H1 5496
L1 5445
L2 5419
L3 5393 Long
L4 5316 Short Breakout
L5 5245 Trgt 1
L6 5175 Trgt 2

Pre-closing Outlook(24-06-2011)

Nifty is 156 points up and SENSEX is 525 points up today but up moves indications and predictations were started yesterday and following lines were told:-

Mid-session Outlook(23-06-2011) at 11:31:00 AM

Today intraday charts are showing good consolidation at lower levels and it is sign of strength

Pre-closing Outlook(23-06-2011) at 03:27:00 PM

Last 4 hours intraday charts are also showing consolidations indications therefore up moves hopes from here are alive at the closing of today.

Don't Panic from Global markets fall- at 11:49:00 PM on 23-06-2011

up moves hopes from here are alive despite whatsoever weaker global markets cues

Indian stock markets such accurate  predictions are being done daily for the last 4 years. Anyone can verify any time this truth from this blog and from my orkut.com Communities.

Trend reversal confirmation with full force today and Nifty will face next strong Resistance range(5480-5604) in next week. No selling signal today and Indian markets reentered last 34 sessions trading range(5329-5604).

Mentioned 34 sessions trading range(5329-5604) break out and sustaining beyond will be next moves confirmation and till then trading policy should be according to range bound markets.

Mid-session Outlook(24-06-2011)

Intraday patterns are showing consolidations today and yesterday begun rally will remain continued.

Pre-open Outlook(24-06-2011)

When Dow Jones was trading more than 175 points down then today Market Outlook was posted yesterday with the name of "Don't Panic from Global markets fall" and following lines were told:-

1- "up moves hopes from here are alive despite whatsoever weaker global markets cues and Indian markets bear phase entering many confirmations"

2- "Don't Panic from Global markets fall because last 4 sessions intraday charts are not concluding selling but on the contrary showing consolidations on 23-06-2011"

Last 4 sessions most time trading range is 5250-5320 and markets technicals above 5320 were also explained in following lines:-

"Crossing 5320 will be revival of first up move hope and confidence gaining will be after sustaining above 5356. Market has to struggle hard for up moves because multiple resistances between 5356-5605(long term up trend confirmation level)."

Sustaining above 5356 will be from recovering from 141 points 10 minutes fall of 20-06-2011 and will be confirmation of trend reversal as well. 

As conclusion of consolidations from last 4 sessions intraday charts therefore more upmoves are expected today.

Don't Panic from Global markets fall

Market Outlook(24-06-2011) 

Nifty-Intra Day Chart(23-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Consolidation between 5253-5300
2- Last 4 hours mixed patterns between 5300-5330

Conclusions

Dow Jones is more than 175 points down at this moment after most European markets more than 1.75% down closing therefore Asian markets may also be weak tomorrow morning.

Indian markets may open in Red tomorrow but key of all the trends and next moves lies in today trading range(5252-5330). Nifty traded most time between 5250-5320 in last 3 sessions and today Nifty covered whole range from bottom to top and closed near Day's high exactly at 5320.

Lower levels good consolidation seen on 22-06-2011 and again consolidation between 5253-5300 today. Although Nifty traded last 4 hours with mixed patterns between 5300-5330 but consolidation percentage is higher therefore up moves hopes from here are alive despite whatsoever weaker global markets cues and Indian markets bear phase entering many confirmations.

All the crucial patterns broken down on 20-06-2011 but today consolidation between 5252-5330 blinked up moves hopes therefore today trading range break out will be watched first for the reply following question:-

"Indian markets are immediately entering into long Bear phase or not"

Interpretation is clear that dipping below 5252 will mean high possibility of breaking 5177 and then crashing. Crossing 5320 will be revival of first up move hope and confidence gaining will be after sustaining above 5356. Market has to struggle hard for up moves because multiple resistances between 5356-5605(long term up trend confirmation level).

Don't Panic from Global markets fall because last 4 sessions intraday charts are not concluding selling but on the contrary showing consolidations on 23-06-2011.

Importance of Levels

Last 4 sessions outlooks are live proofs of this fact that upside break out confirmation of 5320 was given more than 20 times and today closing is exactly at 5320.00 and market denied to give any type of upward confirmation today..

Indian Stock Markets Closing Reports(23-06-2011)

Main features of today trading are as follows

1- Indian markets outperformed global markets.
2- Strong recovery from lower levels of the day.
3- Long White Candle.
4- Closing is mixes but all the Indices recovered from lower levels of the day.

Ratios

Nifty Put Call Ratio: 19.61
Nifty P/E Ratio(24-06-2011): 0.96

Advances & Declines

BSE ADVANCES : 1115
BSE DECLINES : 1674
NSE ADVANCES :  556
NSE DECLINES :  849

Nifty Open Interest Changed Today

Nifty- 5200 CE(Jun)- -302400(-12.74%)
Nifty- 5200 PE(Jun)- +854150(+9.82%)

Nifty- 5300 CE(Jun)- -519900(-9.74%)
Nifty- 5300 PE(Jun)- +1740600(+28.44%)

Nifty- 5400 CE(Jun)- -109500(-1.58%)
Nifty- 5400 PE(Jun)- +254050(+5.72%)

Closing 

Nifty- closed at 5,320.00(+41.70 Points & +0.79%)
Sensex- closed at 17,727.49(+176.86 Points & +1.01%%)
CNX MIDCAP - closed at 7,642.75(+11.10 Points & +0.15%)
BSE SMALL CAP- closed at 7,781.94(-25.77 Points & -0.33%)

FII Trading Data in Derivatives Segment on 23-Jun-2011

FII & DII trading activity in Capital Market Segment on 23-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 23-Jun-2011 1902.96 1673.75 229.21

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Jun-2011 866.12 624.17 241.95

Nifty Spot-Levels & Trading Strategy for 24-06-2011

Nifty Spot-Levels

R3 5427
R2 5378
R1 5349
Avg 5300
S1 5271
S2 5222
S3 5193

Nifty Spot-Trading Strategy

H6 5399     Trgt 2
H5 5380     Trgt 1
H4 5362     Long breakout
H3 5341     Go Short
H2 5334
H1 5327
L1 5312
L2 5305
L3 5298     Long
L4 5277     Short Breakout
L5 5259     Trgt 1
L6 5240     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 24-06-2011

Nifty(Jun Fut)-Levels

R3 5421
R2 5379
R1 5347
Avg 5305
S1 5273
S2 5231
S3 5199

Nifty(Jun Fut)-Trading Strategy

H6 5390     Trgt 2
H5 5373     Trgt 1
H4 5356     Long breakout
H3 5336     Go Short
H2 5329
H1 5322
L1 5309
L2 5302
L3 5295     Long
L4 5275     Short Breakout
L5 5258     Trgt 1
L6 5241     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 24-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10715
R2 10642
R1 10591
Avg 10518
S1 10467
S2 10394
S3 10343

Bank Nifty(Jun Fut)-Trading Strategy

H6 10666     Trgt 2
H5 10637     Trgt 1
H4 10609     Long breakout
H3 10575     Go Short
H2 10563
H1 10552
L1 10529
L2 10518
L3 10506     Long
L4 10472     Short Breakout
L5 10444     Trgt 1
L6 10415     Trgt 2

Pre-closing Outlook(23-06-2011)

Sharp recovery seen after lower levels consolidations today. Nifty is trading between 5300-5330 for the last 4 hours with mixed patterns and sustaining beyond this range will be firstly watched tomorrow for next moves confirmations.

US futures traded whole day in Red and Dow's futures is 58 points down at this moment. All the Asian markets closed flat to negative and all European markets are about 1% down at this moment while Indian markets are going close more than.75% up therefore it is clear that Indian markets outperformed global markets today and it is sign of strength.

Last 4 hours intraday charts are also showing consolidations indications therefore up moves hopes from here are alive at the closing of today.

Sustaining beyond 5300-5330 will be firstly watched tomorrow for next moves confirmations.

Mid-session Outlook(23-06-2011)

Dow's futures is more than 40 points down since morning today and and whole Asian markets are flat to weak today but Indian markets recovered from lower levels and trading positive today because good lower levels buying was seen yesterday. Lower levels buying levels have already been explained many times in yesterday posted topics.

3 days trading range is 5250-5320 and Nifty is trading near its higher levels after recovering from its lower levels today. Today intraday charts are showing good consolidation at lower levels and it is sign of strength. crossing 5320 will be first strong indication of up moves beginning.

Sustaining above 5329/5356 will be confirmation returning of Bulls.

5250-5320 break out will decide Market Trend

Although all the global markets were weak but Indian markets were not told weak in Pre-open Outlook and trading range of 5250-5290 was given and Nifty is traded between this range(highest-5289.90 and lowest-5252.25) in first hour. Lower levels buying and higher levels selling seen in last 3 sessions and buying/selling ranges have already been explained following 2 topics yesterday:-

1- Nifty-Micro Analysis of 3 days Intra Day Chart(Jun 20 to Jun 22,2011)
2- Nifty-Micro Analysis of Intra Day Chart For 23-06-2011

Nifty traded between 5250-5320 in last 3 sessions with buying and selling within this range. Indian markets will prepare for next moves between this range and break out of this range will be next moves confirmation.

Let market prepare for next moves within mentioned range then next moves and break out direction will be will be predicted from intraday charts patterns of coming sessions.


Be Bullish or Bearish according to break out 5250-5320.

Pre-open Outlook(23-06-2011)

All the Asian markets are down today morning after Red closing of US markets therefore sentiment is weak today morning. Nifty traded between 5250-5320 in last 3 days with lower levels buying and higher levels selling. Expected that Nifty will trade within lower band of this range range after weak opening today.

Next good supports below mentioned range are within 5220-5250 therefore any immediate fall is not expected and firstly more selling is required between 5250-5282 for any down moves.

Quiet range bound market expected between 5250-5290 today.

Nifty-Micro Analysis of 3 days Intra Day Chart(Jun 20 to Jun 22,2011)

Nifty-Intra Day Chart(Jun 20 to Jun 22,2011):-

Just click on chart for its enlarged view

Main Features

1- Higher levels selling
2- Lower levels buying
3- 3 Days trading range is 5250-5320

Conclusions

Nifty slipped 141 points in 10 minutes and crucial supports broken down on 20-06-2011 after 'DTAA renegotiation' news. 3 crucial patterns(H & S,18 Months Rising Trend Line and 34 Sessions Trading Range) broken down in this sharp fall. Last technical formality of 3 days sustaining below crucial levels have also been completed on 22-06-2011 but required selling is not seen and lower levels buying was also seen in these 3 days within (5250-5320).

Last 3 sessions trading range break out and sustaining beyond must be watched because:-

1- Intraday patterns are mixed(both buying and selling)
2- 3 crucial patterns break down was news(DTAA renegotiation) based therefore whipsaw possiblity will also be considered after lower levels buying in these 3 days.

Indian markets will prepare for next moves between 5250-5320. Break out and sustaining beyond this range will be next moves confirmations. Let market reach at breaking out point then its inplications will be explained. 

Indian Stock Markets Closing Reports(22-06-2011)

Main features of today trading are as follows

1- Flat to Red closing in all the Indices.
2- Intraday charts showing lower levels consolidations.
3- Black Candles

Ratios

Nifty Put Call Ratio: 0.80
Nifty P/E Ratio(22-06-2011): 19.46

Advances & Declines

BSE ADVANCES : 986
BSE DECLINES :1876
NSE ADVANCES : 411
NSE DECLINES :1000

Nifty Open Interest Changed Today

Nifty- 5200 CE(Jun)- -8650(-0.36%)
Nifty- 5200 PE(Jun)- +942150(+11.55%)

Nifty- 5300 CE(Jun)- +140650(+2.62%)
Nifty- 5300 PE(Jun)- +550000(+9.40%)

Nifty- 5400 CE(Jun)- +1006000(+16.03%)
Nifty- 5400 PE(Jun)- -186450(-3.79%)

Closing 

Nifty- closed at 5,278.30(+2.45 Points & +0.05%)
Sensex- closed at 17,550.63(-9.67 Points & -0.06%)
CNX MIDCAP - closed at 7,631.65(-66.40 Points & -0.86%)
BSE SMALL CAP- closed at 7,807.71(-66.43 Points & -0.84%)

FII Trading Data in Derivatives Segment on 22-Jun-2011

FII & DII trading activity in Capital Market Segment on 22-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 22-Jun-2011 1842.76 2130.16 -287.4

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Jun-2011 824.99 667.62 157.37

Nifty-Micro Analysis of Intra Day Chart For 23-06-2011

Nifty-Intra Day Chart(22-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Consolidation between 5263-5282
2- Minor selling between 5287-5297

Conclusions

Last 2 days selling patterns but today consolidation patterns therefore last 3 sessions consolidated positions are mixed between 5250-5320 and suggesting that Nifty will trade first within 5250-5320 and prepare for next moves as well as sustaining beyond mentioned range will be first strong indication of next moves.

Nifty Spot-Levels & Trading Strategy for 23-06-2011

Nifty Spot-Levels

R3 5352
R2 5331
R1 5304
Avg 5283
S1 5256
S2 5235
S3 5208

Nifty Spot-Trading Strategy

H6 5326     Trgt 2
H5 5315     Trgt 1
H4 5304     Long breakout
H3 5291     Go Short
H2 5286
H1 5282
L1 5273
L2 5269
L3 5264     Long
L4 5251     Short Breakout
L5 5240     Trgt 1
L6 5229     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 23-06-2011

Nifty(Jun Fut)-Levels

R3 5352
R2 5332
R1 5307
Avg 5287
S1 5262
S2 5242
S3 5217

Nifty(Jun Fut)-Trading Strategy

H6 5328     Trgt 2
H5 5317     Trgt 1
H4 5307     Long breakout
H3 5295     Go Short
H2 5291
H1 5287
L1 5278
L2 5274
L3 5270     Long
L4 5258     Short Breakout
L5 5248     Trgt 1
L6 5237     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 23-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10669
R2 10615
R1 10553
Avg 10499
S1 10437
S2 10383
S3 10321

Bank Nifty(Jun Fut)-Trading Strategy

H6 10608     Trgt 2
H5 10582     Trgt 1
H4 10555     Long breakout
H3 10523     Go Short
H2 10513
H1 10502
L1 10481
L2 10470
L3 10460     Long
L4 10428     Short Breakout
L5 10401     Trgt 1
L6 10375     Trgt 2

Pre-closing Outlook(22-06-2011)

Range of 5275-532 was given at 12:42:00 AM  today and Nifty traded most of the time between this range and also closing within it. As consolidation seen therefore following line was also told in Mid-session Outlook2

As today intraday trading patterns are showing consolidations therefore view will not be bearish until Nifty will not sustain below 5270

Nifty could not sustain below 5270 today.

Intra day Patterns are mixed today.

Mid-session Outlook3(22-06-2011)

Intraday selling also seen between 5287-5297 today. it is follow up selling after yesterday selling between 5290-5320.

Lower levels buying and higher levels selling therefore conclusion is same:-

Next moves confirmation range is sustaining beyond 5270-5320

Mid-session Outlook2(22-06-2011)

Next moves confirmation range of 5275-5320 was given for today trading and Nifty traded most of the time within this range with intraday consolidation patterns.

As today intraday trading patterns are showing consolidations therefore view will not be bearish until Nifty will not sustain below 5270. Last 2 days selling range is 5290-5320.

Next moves confirmation range is sustaining beyond 5270-5320

Mid-session Outlook(22-06-2011)

Mixed Intra day sentiments today:-

1- Weak  due to 3 pattern breaking down on 22-06-2011
2- Strong due to strong global markets.

Mixed trading positions today:-

1- Weak due to good selling between 5290-5320 in last 2 days
2- Positive due to today intraday buying between 5270-5278 today.

Next moves confirmation will be sustaining beyond 5270-5320

Post-open Outlook-2(22-06-2011)

When US markets were surging after strong European markets closing then range(5275-5320) was given in Mid night for watching and Nifty traded most of the time today within mentioned range today. When Nifty was trading near highs then also Weakness was told in Post-open Outlook and Indian markets slipped from higher levels also.

Last 2 days intraday selling between 5275-5320 and today trading within this range today.Nifty sustaining below this range will mean again sharp fall.

Post-open Outlook(22-06-2011)

Positive but Weak opening today.

Watch Sustaining Beyond 5275-5320 Amid Global Bullish Markets

Market Outlook(22-06-2011)

All the trends were already down and following 3 crucial Patterns gave Bear market confirmation after sharp 141 points fall on 20-06-2011:-

1- 4 months Head & Shoulders Pattern Neckline broken down below 5356.
2- 18 Months Rising Trend Line Broken Down5356.
3- 34 Sessions Trading Range Broken Down below 5329.

(Just click above links for detailed analysis)

Crossing 5329 and then sustaining above 5356 will be up moves confirmation and sustaining below 5329 will be long Bear market confirmation.

Next support range is 5220-5250 and next resistances are as follows:-

1- Next Resistance range is 5300-5320
2- Next Resistance range is 5360-5385
3- Next Resistance range is 5400-5440
4- Next Resistance range is 5480-5604

Sustaining above 5320 will be first upmove indication but chain of resistances therefore crossing 5385 will be up moves confirmation. Indian markets are well prepared for tanking and sustaining below 5220 will be long Bear phase confirmation.

Intraday patterns of 20-06-2011 and following days will give first confirmation of next big moves. Just click following links for Intraday charts analysis:-

1- Nifty-Intra Day Chart(20-06-2011)
2- Nifty-Intra Day Chart(21-06-2011)

Conclusions from last 2 sessions Intra Day Charts analysis

Selling seen between 5275-5320 in last 2 days and Nifty closed at 5275.85 on 21-06-2011 therefore this range will be watched first and sustaining beyond will be next moves confirmation. Strong support between 5220-5250 at lower levels and complete selling patterns are required for next big down moves confirmations

As last 2 sessions selling below support range of 5329 therefore strong indication of more weakness but sustaining beyond 5275-5320 will be watched first today because:-

1- Very short term indicators are oversold and indicating bounce back possibility.
2- Nifty moved below lower band of Bollinger-Band and indicating bounce back possibility.
3- Expected that Global cues will be strong today morning.

Bollinger-Band & Very short term indicators

Just click on chart for its enlarged view

Firstly watch sustaining beyond 5275-5320 amid global bullish markets for next moves confirmations.

Nifty-Micro Analysis of Intra Day Chart For 22-06-2011

Nifty-Intra Day Chart(21-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Minor buying between 5258-5278
2- 3 Hours selling between 5300-5320
3- Minor buying between 5265-5278

Conclusions

Minor buying at lower levels today but 3 hours follow up Selling was also seen between 5300-5320. As today selling was below support range of 5329 therefore more weakness expected in the coming sessions.

FII Trading Data in Derivatives Segment on 21-Jun-2011

FII & DII trading activity in Capital Market Segment on 21-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 21-Jun-2011 1699.74 2263.1 -563.36

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Jun-2011 1143.76 713.35 430.41

Indian Stock Markets Closing Reports(21-06-2011)

Main features of today trading are as follows

1- Doji Candle
2- Almost all the Indices closed with minor gains or minor loss.
3- Market slipped after Selling at higher levels.

Ratios

Nifty Put Call Ratio: 0.82
Nifty P/E Ratio(21-06-2011): 19.48

Advances & Declines

BSE ADVANCES : 1114
BSE DECLINES : 1679
NSE ADVANCES :  566
NSE DECLINES :  831

Nifty Open Interest Changed Today


Nifty- 5200 CE(Jun)- -33700(-1.37%)
Nifty- 5200 PE(Jun)- +1096250(+15.16%)

Nifty- 5300 CE(Jun)- +695550(+14.70%)
Nifty- 5300 PE(Jun)- +441600(+7.59%)

Closing

Nifty- closed at 5,275.85(+17.95 Points & +0.34%)
Sensex- closed at 17,560.30(+53.67 Points & +0.31%)
CNX MIDCAP - closed at 7,698.05(-34.35 Points & -0.44%%)
BSE SMALL CAP- closed at 7,874.14(-33.83 Points & -0.43%)

Nifty Spot-Levels & Trading Strategy for 22-06-2011

Nifty Spot-Levels

R3 5377
R2 5349
R1 5312
Avg 5284
S1 5247
S2 5219
S3 5182

Nifty Spot-Trading Strategy

H6 5340     Trgt 2
H5 5325     Trgt 1
H4 5310     Long breakout
H3 5292     Go Short
H2 5286
H1 5280
L1 5269
L2 5263
L3 5257     Long
L4 5239     Short Breakout
L5 5224     Trgt 1
L6 5209.     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 22-06-2011

Nifty(Jun Fut)-Levels

R3 5461
R2 5416
R1 5346
Avg 5301
S1 5231
S2 5186
S3 5116

Nifty(Jun Fut)-Trading Strategy

H6 5392     Trgt 2
H5 5366     Trgt 1
H4 5340     Long breakout
H3 5308     Go Short
H2 5298
H1 5287
L1 5266
L2 5255
L3 5245     Long
L4 5213     Short Breakout
L5 5187     Trgt 1
L6 5161     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 22-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10841
R2 10760
R1 10617
Avg 10536
S1 10393
S2 10312
S3 10169

Bank Nifty(Jun Fut)-Trading Strategy

H6 10698     Trgt 2
H5 10647     Trgt 1
H4 10597     Long breakout
H3 10535     Go Short
H2 10515
H1 10494
L1 10453
L2 10432
L3 10412     Long
L4 10350     Short Breakout
L5 10300     Trgt 1
L6 10249     Trgt 2

Pre-closing Outlook(21-06-2011)

When Nifty was trading near higher levels today then doubts on that upmove were shown and following lines were told in Mid-session Outlook today:-

1- firstly crossing 5329 and then sustaining above 5356 will be up moves confirmation otherwise today up move will be understood global good sentiments driven pull back rally only.

2- 3 crucial patterns broken down yesterday therefore complete consolidations and confirmation is required for trend reversal.

Intraday selling seen between 5300-5320 today therefore Indian markets will remain weak in the coming sessions.

Mid-session Outlook(21-06-2011)

All the Asian markets showed good recovery from lower levels of the day and either some are trading near day's higher levels or some have closed near highs of the day. US futures is also 40 points up and Indian markets also got support at lower levels of the day today therefore trading positive since opening today.

Indian markets intraday charts also showing lower levels consolidations patterns  today but firstly crossing 5329 and then sustaining above 5356 will be up moves confirmation otherwise today up move will be understood global good sentiments driven pull back rally only.

3 crucial patterns broken down yesterday therefore complete consolidations and confirmation is required for trend reversal

Post-open Outlook(21-06-2011)

Patterns of today are suggesting consolidation and lower levels buying between 5258-5278 therefore minor upmoves are visible. More consolidations and crossing of minimum one resistance will be any kind of up moves confirmation.

NIFTY-JUN F&O-1ST SELLING OF 20-06-2011-COVERING

NIFTY JUN F & O(SHORTED ON 20-06-2011)-COVER IMMEDIATELY-CMP-5262

NIFTY-JUN F&O-1ST SELLING OF 20-06-2011-MESSAGE

NIFTY-JUN F&O-1ST SELLING OF 20-06-2011- MARKET WILL BE VOLATILE THEREFORE HOLD AND COVER AFTER MY COVERING MESSAGE

3 breaking down Patterns & Bearish markets Confirmations

Market Outlook(21-06-2011)

All the trends were already down and following 3 crucial Patterns were developed on EOD charts which gave Bear market confirmation within 10 minutes yesterday when Nifty nosedived 141 points in just 10 minutes. Just click following links and understand the gravity and importance of following patterns for deciding next phase of Indian markets:-

1- Head & Shoulders Pattern in 4 months EOD Chart
2- 18 Months Rising Trend Line Broken Down
3- 34 Sessions Trading Range(5329-5604) Broken Down
4- Nifty-Micro Analysis of Intra Day Chart For 21-06-2011

Conclusions

Nifty traded more than 3 hours between 5275-5312 with Intraday selling patterns yesterday therefore it is first resistance range and next support range is 5220-5250 and moves below 5220 will mean more down moves.

Asian markets are positive today morning after US markets green closing yesterday therefore Nifty Nifty will open positive and  will first trade between 5240-5290. Expected that Nifty will finally slip below 5200 after follow up selling in the coming sessions.

34 Sessions Trading Range(5329-5604) Broken Down

       Technical Analysis and Research

Nifty- EOD Chart(20-06-2011):-

Just click on chart for its enlarged view

Main Features

1- 34 Sessions Range Bound Moves
2- Nifty faced resistance 3 times near 5600
3- Nifty got support once at 5329
4- Support broken down

Conclusions

Forceful break down of 34 Sessions Trading Range and Nifty lost 141 points in just 10 minutes. All trends were already down,Nifty was sustaining below 200 Day EMA for the last 34 sessions and forceful breaking down of last 34 session range gave Bear markets confirmations.

Break down was by force on 20-06-2011 and only last technical formality of 3 days sustaining below is left. As breaking down force was strong therefore expected that Nifty will sustain below 34 Sessions Range in the coming 3 sessions.

18 Months Rising Trend Line Broken Down

       Technical Analysis and Research

Nifty- EOD Chart(20-06-2011):-

Just click on chart for its enlarged view

Main Features

1- started on 03/11/2009 from 4538
2- Nifty got support on it 6 times in last 18 months
3- Rising Trend Line broken down

Conclusions

Rising Trend Line broken down forcefully and Nifty plunged 141 points in 10 minutes. All trends were already down,Nifty was sustaining below 200 Day EMA for the last 34 sessions and 18 months uptrend terminated after rising trend line breaking down.

Break down was by force on 20-06-2011 and only last technical formality of 3 days sustaining below is left. As breaking down force was strong therefore expected that Nifty will sustain below rising trend line in the coming 3 sessions.

Head & Shoulders Pattern in 4 months EOD Chart

      Technical Analysis and Research

Nifty- EOD Chart(20-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Head & Shoulders Pattern Formation
2- Its Neckline broken down

Conclusions

Neckline broken down by Bullet Force and Nifty nosedived 141 points in 10 minutes. All trends were already down,Nifty was sustaining below 200 Day EMA for the last 34 sessions and Neckline breaking down gave Bearish markets Confirmation.

Break down was by force on 20-06-2011 and only last technical formality of 3 days sustaining below is left. As breaking down force was strong therefore expected that Nifty will sustain below Neckline in the coming 3 sessions.

FII Trading Data in Derivatives Segment on 20-Jun-2011

Nifty-Micro Analysis of Intra Day Chart For 21-06-2011

Nifty-Intra Day Chart(20-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Selling between 5338-5368
2- Selling between 5275-5312

Conclusions

Nifty slipped 141 points in 10 minutes and crucial supports broken down. Intraday selling seen between 5338-5368 before breaking down and after that again selling seen between 5275-5312 after sharp fall.

As whole day selling therefore more down moves will be seen in the coming sessions.

Indian Stock Markets Closing Reports(20-06-2011)

Main features of today trading are as follows

1- Deep Red Closing.
2- Long Black Candle.
3- 34 sessions range broken down by force.
4- Bearish market confirmations.
5- All the Indices closed in Red.

Ratios

Nifty Put Call Ratio: 0.89
Nifty P/E Ratio(20-06-2011): 19.42

Advances & Declines

BSE ADVANCES :  510
BSE DECLINES : 2346
NSE ADVANCES :  140
NSE DECLINES : 1305

Nifty Open Interest Changed Today

Nifty- 5200 CE(Jun)- +2058350(+516.20%)
Nifty- 5200 PE(Jun)- +316900(+4.08%)

Nifty- 5300 CE(Jun)- +3048100(+152.80%)
Nifty- 5300 PE(Jun)- -545900(-7.15%)

Nifty- 5400 CE(Jun)- +1440900(+29.76%)
Nifty- 5400 PE(Jun)- -929950(-13.29%)

Closing 

Nifty- closed at 5,257.90(-108.50 Points & -2.02%)
Sensex- closed at 17,506.63(-363.90 Points & -2.04% )
CNX MIDCAP - closed at 7,732.40(-188.75 Points & -2.38%)
BSE SMALL CAP- closed at 7,907.97(-266.52 Points & -3.26)

FII & DII trading activity in Capital Market Segment on 20-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 20-Jun-2011 2577.97 3090.54 -512.57

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 20-Jun-2011 1545.17 681.86 863.31

Nifty Spot-Levels & Trading Strategy for 21-06-2011

Nifty Spot-Levels

R3 5539
R2 5458
R1 5357
Avg 5276
S1 5175
S2 5094
S3 4993

Nifty Spot-Trading Strategy

H6 5441     Trgt 2
H5 5399     Trgt 1
H4 5357     Long breakout
H3 5307     Go Short
H2 5290
H1 5273
L1 5240
L2 5223
L3 5206     Long
L4 5156     Short Breakout
L5 5114     Trgt 1
L6 5072     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 21-06-2011

Nifty(Jun Fut)-Levels

R3 5562
R2 5470
R1 5365
Avg 5273
S1 5168
S2 5076
S3 4971

Nifty(Jun Fut)-Trading Strategy

H6 5459     Trgt 2
H5 5414     Trgt 1
H4 5368    Long breakout
H3 5314     Go Short
H2 5296
H1 5278
L1 5241
L2 5223
L3 5205     Long
L4 5151     Short Breakout
L5 5105     Trgt 1
L6 5060     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 21-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10938
R2 10784
R1 10643
Avg 10489
S1 10348
S2 10194
S3 10053

Bank Nifty(Jun Fut)-Trading Strategy

H6 10801     Trgt 2
H5 10733     Trgt 1
H4 10664     Long breakout
H3 10583     Go Short
H2 10556
H1 10529
L1 10474
L2 10447
L3 10420     Long
L4 10339     Short Breakout
L5 10270     Trgt 1
L6 10202     Trgt 2

NIFTY-JUN F&O-1ST SELLING OF 20-06-2011-TRADE

NIFTY(JUN FUT-SELL-STBT)SL-5296-TGT-5196-CMP-5266

NIFTY(JUN PUT OPTION-BUY-STBT)SL-5296-TGT-5196-S.P.FOR PUT-5200,5300(JUN FUT-RATES FOR ALL OPTIONS)-CMP-5266

Pre-closing Outlook(20-06-2011)

Intraday selling between 5275-5300 seen after sharp down today therefore more down moves will be seen in the coming sessions.

'DTAA renegotiation' news Triggered Indian Bear Markets

A senior finance ministry official said that:-

"India and Mauritius are expected to review the existing Double Taxation Avoidance Agreement (DTAA) soon"

34 sessions range broken down by force and Indian markets fell sharply on concerns that the India government may renegotiate its tax avoidance treaty with the island country, which could lead to lesser incentives to invest in the country via Mauritius route.

Bullish markets all hopes finished today after Nifty fall below 5329 because:-

1- 34 sessions range broken down
2- 18 Months Rising trend line broken down.
3- Last 4 months Head & shoulders neckline broken down.

All trends were already down and above 3 developments in EOD charts triggered bear markets confirmation after India and Mauritius Double Taxation Avoidance Agreement (DTAA) renegotiation news.

As soon as we got first indication of down moves then weakness was immediately told within first 8 minutes when Nifty was trading near higher levels of today and also gave next moves confirmation levels.

Post-open Outlook-2(20-06-2011)

Last 4 months Head & shoulders neckline and 18 months Rising trend line broken down today after moves below 5356. Although Indian markets were positive but showed weakness then it was immediately told within first 8 minutes when Nifty was trading near higher levels of today.

Nifty slipped below 5329 and forceful breaking down of last 34 sessions range therefore it means long bearish phase beginning.

Post-open Outlook(20-06-2011)

Weak opening today morning. Follow up buying is must for any up move from here. Last Friday trading range(5356-5387)break out and sustaining beyond will be watched for next moves confirmations.

Pre-open Outlook(20-06-2011)

Most of the Asian markets are positive therefore sentiment is good today morning and expected that Nifty will trade within last Friday trading range(5356-5387) after positive opening. Nifty consolidated within this range last Friday therefore a bounce back is expected and follow up buying today will mean pull back rally possibility.

Expected that Nifty will firstly trade between 5356-5420 after Green opening and will finally close positive after more consolidations.

Weekly Outlook(Jun 20 to Jun 24,2011)

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 20-06-2011
2- Crucial Rising Trend line
3- Daily Indicators and Averages Analysis

34 Sessions range bound market

All trends are down and Nifty is sustaining below 200 Day EMA for the last 34 sessions and trading range bound between 5329-5604. Support and Resistances within this range are as follows;-

1- Support between 5329-5375
2- Resistance No.-1 between  5424-5442
3- Resistance No.-2 between  5480-5605

Supports below 5329:-

Support1- 5233
Support2- 5178

Resistance above 5604:-

Resistance1- 5775
Resistance2- 5850
Resistance3- 5944

Nifty-EOD Chart(17-06-2011) showing range bound market:-

Just click on chart for its enlarged view

Conclusions (After Putting All Studies Together)

Nifty is sustaining below 200 Day EMA for the last 34 sessions and all trends are down therefore Bearish market is confirm and only following 2 crucial lines are supporting Indian markets:-

1- 18 months old Rising Trend line and Nifty again got support on it last Friday at 5356.
2- Last 34 sessions range bound market in which Nifty got support at 5329 on 25-05-2011.

Only above 2 positive patterns on EOD charts and until Nifty is sustaining above 2 lines till then upmoves and rally hopes are alive. Nifty sustaining below above 2 lines will be  Indian Bearish markets confirmation because Nifty is already sustaining below 200 Day EMA for the last 34 sessions and all trtends are already down.

18 months old Rising Trend line and it gave support 6 times therefore sustaining beyond this line will be confirmation of Bullish or Bearish phase. Sustaining below 5356 will be first strong indication of Bearish market and its confirmation will be sustaining below 5329.

Very short term indicators are suggesting bounce back and last Friday intraday charts are showing consolidation therefore an upmove expected on Monday but good selling at higher levels therefore market require complete consolidation for sustained rally and decisive up moves and its confirmation will be after crossing next crucial resistance(5442).

As intraday consolidation patterns therefore positive market expected on next Monday. Expected that Nifty will trade within 5329-5604 in the coming week.

Sustaining beyond 18 months old Rising Trend Line(last Friday at 5356) will be first strong Indication of Next Indian markets therefore it should be watched first of all for next move confirmations

Daily Indicators and Averages Analysis

Daily Indicators and Averages Analysis Chart:-

Just click on chart for its enlarged view

Conclusions

1- Averages(EMA-8,21,55,200)- All lower period EMAs are below higher period EMAs and Nifty is trading below all the averages. It is most bearish situation.

2- Bollinger Band- Nifty closed near Lower Band and a bounce back can be expected if market consolidate here.

3- MACD- MACD line intersected downward Average Line and it is down move beginning strong indication.

4- ROC & RSI- Both lines are below equalibrium line and above oversold line. Both are in negative zone without any divergence and RSI is slipping therefore indicating more possibility of down moves.

5- Slow Stochastic & William %R- Both very short term indicators are in oversold zone therefore indicating a bounce back possibility after some more consolidations.

Conclusions (After Putting All Indicators Together)

Indicators are showing more weakness. As very short term indicators are oversold and  suggesting bounce back possibility only after some more consolidations.

Crucial Rising Trend line

Technical Analysis and Research 

Nifty-EOD Chart(17-06-2011):-

Just click on chart for its enlarged view

Main Features

1- started on 03/11/2009 from 4538
2- Nifty got support on it 6 times in last 18 months
3- 1st support in Feb 2010
4- 2nd support in May 2010
5- Both Supports at 200 Day EMA
6- 4 Times support on Rising Trend line in last 4 months(Lowest at 5177).
7- 4 Times Resistances at 200 Day EMA in last 4 months(Highest at 5604).

(Above Research is revealed first time only in this Blog and will not be not be available in any other Website or Business news Channel. Final conclusions and its implications will be posted in the coming topics within 20 hours)