Nifty-Micro Analysis of Intra Day Chart For 04-07-2011

Nifty-Intra Day Chart(01-07-2011):-

Just click on chart for its enlarged view

Main Features

1- Selling between 5655-5672
2- Mixed Patterns between 5612-5640 in last 4 hours.

Conclusions

Intraday trading range is 5612-5672 and higher levels selling also but mixed patterns in last 4 hours at lower levels. Other Indices also showing mixed patterns today,while some are showing buying but some are showing selling also therefore it is confirm that consolidation is must within today range for any upmove from here.

Nifty sustained above 5600 whole day and all trends are up therefore expected that Indian markets will first consolidate within today range(5612 -5672) and after that next rally will begin.

Indian Stock Markets Closing Reports(01-07-2011)

Main features of today trading are as follows

1- Long Black Candle.
2- Mixed trends in Indices. Some closed positive and some negative.
3- Nifty sustained whole day above crucial level of 5600.

Ratios

Nifty Put Call Ratio: 1.22
Nifty P/E Ratio(01-07-2011): 20.75

Advances & Declines

BSE ADVANCES : 1682
BSE DECLINES : 1185
NSE ADVANCES :  851
NSE DECLINES :  553

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- -14800(-0.59%)
Nifty- 5500 PE(Jul)- +357250(+10.26%)

Nifty- 5600 CE(Jul)- +194000(+5.02%)
Nifty- 5600 PE(Jul)- +367700(+13.69%)

Nifty- 5700 CE(Jul)- +1218850(+38.75%)
Nifty- 5700 PE(Jul)- +320950(+44.89%)

Closing 

Nifty- closed at 5,627.20(-20.20 Points &-0.36%)
Sensex- closed at 18,762.80(-54.60 Points &-0.44% )
CNX MIDCAP - closed at 8,026.10(+83.07 Points & +0.68%)
BSE SMALL CAP- closed at 8,224.41(+67.81 Points & +0.83%)

FII Trading Data in Derivatives Segment on 01-Jul-2011

FII & DII trading activity in Capital Market Segment on 01-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 01-Jul-2011 2603.52 2003.86 599.66

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Jul-2011 1044.68 1499.99 -455.31

Nifty Spot-Levels & Trading Strategy for 04-07-2011

Nifty Spot-Levels

R3 5781
R2 5743
R1 5685
Avg 5647
S1 5589
S2 5551
S3 5493

Nifty Spot-Trading Strategy

H6 5723     Trgt 2
H5 5701     Trgt 1
H4 5679     Long breakout
H3 5653     Go Short
H2 5644
H1 5635
L1 5618
L2 5609
L3 5600     Long
L4 5574     Short Breakout
L5 5552     Trgt 1
L6 5530     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 04-07-2011

Nifty(Jul Fut)-Levels

R3 5774
R2 5738
R1 5688
Avg 5652
S1 5602
S2 5566
S3 5516

Nifty(Jul Fut)-Trading Strategy

H6 5724     Trgt 2
H5 5704     Trgt 1
H4 5685     Long breakout
H3 5661    Go Short
H2 5653
H1 5645
L1 5630
L2 5622
L3 5614     Long
L4 5590     Short Breakout
L5 5571     Trgt 1
L6 5551     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 04-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11490
R2 11418
R1 11356
Avg 11284
S1 11222
S2 11150
S3 11088

Bank Nifty(Jul Fut)-Trading Strategy

H6 11429     Trgt 2
H5 11399     Trgt 1
H4 11368     Long breakout
H3 11331     Go Short
H2 11319
H1 11307
L1 11282
L2 11270
L3 11258    Long
L4 11221    Short Breakout
L5 11190    Trgt 1
L6 11160    Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jul 04 to Jul 08,2011)

Nifty Spot-Weekly Levels

R3 6014
R2 5859
R1 5743
Avg 5588
S1 5472
S2 5317
S3 5201

Nifty Spot-Weekly Trading Strategy 

H6 5907     Trgt 2
H5 5841     Trgt 1
H4 5776     Long breakout
H3 5701     Go Short
H2 5676
H1 5651
L1 5602
L2 5577
L3 5552     Long
L4 5477     Short Breakout
L5 5412     Trgt 1
L6 5346     Trgt 2

Pre-closing Outlook(01-07-2011)

Although Positive closing was expected today but we understood immediately after opening that profit booking is being developed after weak opening therefore we told cautioned within first 8 minutes. Following lines was also told in Mid-session Outlook today:-

Good support between 5600-5625 and expected that Nifty will get support near about this range.

Nifty traded last 3 hours hours within 5612-5635 and today lowest is at 5609.75. Although last 3 hours intraday formations are showing mixed patterns but whole day intraday patterns of today are showing consolidation indications despite higher levels selling.

Expected that Nifty will trade and consolidate between 5600-5700 on next Monday/Tuesday and after that next rally will resume.

Mid-session Outlook(01-07-2011)

We always tell well in advance before any move in Indian stock markets. Although Indian markets were trading with good gains but we saw weakness and profit booking possibility.

we updated weakness and profit booking possibility within first 8 minutes today in  and regular fall seen after that. As per our views no business channel or website would have told for today Indian market weakness so early.

We are having 4 years record of such accurate predictions therefore we have written following slogan at the left top of this Blog:-

 Indian Stock Markets Operators can never deceive this Blog's Outlooks

Intraday correction was due and it is being seen at this moment. Good support between 5600-5625 and expected that Nifty will get support near about this range.

Post-open Outlook(01-07-2011)

Gap up but Weak opening. Profit booking possibility will also be considered.

Pre-open Outlook(01-07-2011)

All trends are up.Nifty crossed 5600 and Intraday charts of yesterday are showing consolidations above 5600 therefore sustaining above 5600 is confirm now. Indian markets broken out 39 sessions range,worst is over and rally is on.

As global cues are positive therefore Green zone trading after gap up opening will be seen today. Market require complete selling for any correction signal and no such indication till yesterday. Strong rally expected after 5600 break out but sentiment is heated therefore intraday voltality may be seen but finally positive closing expected today.

(Postings were interrupted yesterday due to some unavoidable reasons and will remain continued now)

Bull Market 4 Strong Confirmations

As posting was not possible in Blog due to technical problem in blogger.com therefore posting was not done in my Blog but Today Outlook was posted in My face book Group today. Same outlook is being reproduced  in following lines now.

As we always talk with proofs therefore my Face book group link is being given below.for anyone verifications;-

http://www.facebook.com/home.php?sk=group_117590304976168&ap=1

Market Outlook(30-06-2011)

Bullish markets 4 confirmations are as follows:-

1- Nifty traded most of the time above 200 Day EMA(5577) with intraday consolidation pattern yesterday therefore long term trend turning up possibility is high now.


2- Nifty cleared all the resistances and closed at the top of 38 trading sessions range(5329-5604) yesterday.


3- Nifty recovered 12 sessions fall in just 4 previous sessions and these forceful moves are strong indication of rally.


4- MACD is stronger indicator of trend confirmation and is positive after MACD line upward intersection of Average line.

First 4 days consolidation and base formation after spreading 'DTAA renegotiation'(Mauritious treaty) news by Business Channels and then 4 days consolidations below 5329 was seen. Last 4 sessions forceful up moves are strong indication of rally above 5600 after 38 sessions range bound market.

As Very short term indicators are overbought therefore voltality may be seen after minor profit booking but it should be kept in mind that indicators remains overbought for longer period in Bullish markets and corrections are seen at higher levels.

Global cues are positive today morning therefore gap up opening and trading above 5600 will be seen. Although technical confirmation formality of 3 days sustaining above 5604/3% move above 5604 is left but very much expected that worst of Indian markets is over after 38 sessions range bound market and strong rally above 5600 will be seen in Indian marlkets because all the bullish trend lines turned valid after last 4 sessions rally.

Whole day positive market after gap up opening and June derivative series closing at new top will be seen today.

4 Strong Confirmations of Bull Market have been explained above today but all the outlooks of last 7 sessions from the bottom of rally are live proofs of this fact that only up moves were projected more than 50 times daily in last 7 days and never told for any down move. It is open fact and anyone can verify any time.

As technical problem in blogger.com therefore Blog could not be updated since morning today. Now Blog is working properly therefore posting will be begin now but will be little late.


Sorry for inconvenience.

Nifty-Micro Analysis of Intra Day Chart For 29-06-2011

Nifty-Intra Day Chart(29-06-2011):-

Just click on chart for its enlarged view

Main Features

1-Consolidation between 5575-5596
2-Whole day intraday consolidations

Conclusions

Consolidation at the top of resistance range clearly means its crossing and trading above 5600 tomorrow. As very short term indicators are overbought therefore intraday voltality may be seen.

Indian Stock Markets Closing Reports(29-06-2011)

Main features of today trading are as follows

1- White Candle after gap up opening.
2- All the Indices are showing consolidations.
3- Closing at the top of 38 range bound sessions.

Ratios

Nifty Put Call Ratio: 20.65
Nifty P/E Ratio(29-06-2011): 1.10

Advances & Declines

BSE ADVANCES : 1813
BSE DECLINES : 1072
NSE ADVANCES :  939
NSE DECLINES :  469

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- -1012250(-20.48%)
Nifty- 5500 PE(Jun)- +1801350(+24.62%)

Nifty- 5600 CE(Jun)- +425000(+5.57%)
Nifty- 5600 PE(Jun)- +2877100(+65.06%)

Nifty- 5700 CE(Jun)- +2761500(+46.63%)
Nifty- 5700 PE(Jun)- +107150(+32.32%)

Closing 

Nifty- closed at +5,600.45(+55.15 Points & +0.99%%)
Sensex- closed at +18,693.86(+201.41 Points & +1.09%)
CNX MIDCAP - closed at +7,966.75(+41.90 Points & +0.53%)
BSE SMALL CAP- closed at +8,110.30(+76.67 Points & +0.95%)

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

FII & DII trading activity in Capital Market Segment on 29-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 29-Jun-2011 3099.16 2429.81 669.35

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Jun-2011 1290.67 1531.26 -240.59

Nifty Spot-Levels & Trading Strategy for 30-06-2011

Nifty Spot-Levels

R3 5658
R2 5633
R1 5616
Avg 5591
S1 5574
S2 5549
S3 5532

Nifty Spot-Trading Strategy

H6 5642     Trgt 2
H5 5632     Trgt 1
H4 5623     Long breakout
H3 5611     Go Short
H2 5607
H1 5603
L1 5596
L2 5592
L3 5588     Long
L4 5576     Short Breakout
L5 5567     Trgt 1
L6 5557     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 30-06-2011

Nifty(Jun Fut)-Levels

R3 5670
R2 5641
R1 5622
Avg 5593
S1 5574
S2 5545
S3 5526

Nifty(Jun Fut)-Trading Strategy

H6 5652     Trgt 2
H5 5641     Trgt 1
H4 5630     Long breakout
H3 5617     Go Short
H2 5612
H1 5608
L1 5599
L2 5595
L3 5590     Long
L4 5577     Short Breakout
L5 5566     Trgt 1
L6 5555     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 30-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11279
R2 11230
R1 11197
Avg 11148
S1 11115
S2 11066
S3 11033

Bank Nifty(Jun Fut)-Trading Strategy

H6 11246     Trgt 2
H5 11227     Trgt 1
H4 11209     Long breakout
H3 11186     Go Short
H2 11179
H1 11171
L1 11156
L2 11148
L3 11141     Long
L4 11118     Short Breakout
L5 11100     Trgt 1
L6 11081     Trgt 2

Pre-closing Outlook(29-06-2011)

Following line was told in Market Outlook today:-

"Crucial and next trend deciding resistance range is 5555-5600 and Nifty will trade between and beyond this range today and tomorrow"

Nifty traded whole day within mentioned range and being close near 5600 also.

It is clear that whole day trading on the verge of most crucial and trend deciding level is strong indication decisive trend formations.

Intraday patterns of today are showing consolidations therefore up moves possibility is higher after today.

Mid-session Outlook (29-06-2011)

Nifty traded most of the time within mentioned resistance range since opening today with intraday patterns are showing consolidations therefore breaking out and sustaining above 5600 turns higher today.

Some more consolidations and indicetions are required for sustaining above but possibility of rally above 5600 is higher now.

Market Outlook(29-06-2011)

Global cues are positive today morning therefore gap up opening will be seen but Indian markets consolidated whole day yesterday therefore consolidations and up moves were clearly told 3 times during trading hours in following words yesterday:-

1- At 09:30 AM in Post-open Outlook:-

"First 10 minutes intraday moves are showing positive market indications" 

2- At 01:18 PM in Mid-session Outlook:-

"Intra day patterns are suggesting consolidations today at lower levels and up moves from here possibilities turns higher now"

3- At 03:05 PM in Pre-closing Outlook;-

"Clear lower levels consolidation patterns between 5500-5525 today"

Following lines were told after closing of market in Nifty-Micro Analysis of Intra Day Chart For 29-06-2011

"Clear lower levels consolidation patterns between 5500-5525 today and whole day intraday patterns are also suggesting consolidations therefore moving and sustaining above 5552 possibility turned higher today"

Short term and Intermediate term trends are up today and only Long term trend is down,which will be up after sustaining above 200 Day EMA(5577). Nifty has almost cleared resistances upto 5555 and remaining resistance between 5555-5600 is also strong ang market require consolidation between or beyond this range for sustaining and rally above 5600.

Daily MACD turned positive. ROC and RSI also have moved into positive zone and seeing up ward,but very short term indicators are overboufgt therefore suggesting minor correction.

As Nifty has retraced 3 times from 200 Day EMA and 5600 earlier,again testing near by levels in heated sentiments today therefore profit booking possibility also can not be ruled out.

Nifty-EOD Chart(28-06-2011):-

Just click on chart for its enlarged view

Crucial and next trend deciding resistance range is 5555-5600 and Nifty will trade between and beyond this range today and tomorrow. Consolidation will mean beginning of blasting 250 points rally and distribution will mean again returning into  36 sessions range bounding market.

As good consolidations and Bullish hammer candle yesterday just below mentioned resistance range(5555-5600) therefore crossing and sustaining above 5600 possibility is higher after fresh consolidations in the coming sessions.

Let final conclusions come after intraday charts analysis then next moves will be declated as today upmove was told during trading hours yesterday. 

5555-5605 is next moves first confirmation range.

Nifty-Micro Analysis of Intra Day Chart For 29-06-2011

Nifty-Intra Day Chart(28-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Consolidation between 5500-5525
2- Intraday patterns are showing whole day consolidations.

Conclusions

Clear lower levels consolidation patterns between 5500-5525 today and and whole day intraday patterns are also suggesting consolidations therefore moving and sustaining above 5552 possibility turned higher today.

FII Trading Data in Derivatives Segment on 28-Jun-2011

Indian Stock Markets Closing Reports(28-06-2011)

Main features of today trading are as follows                                                                                   
1- Long tail Doji Candle.
2- Most Indices closed positive with moderate gains
3- Almost all the Indices are showing intraday consolidations.

Ratios

Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(28-06-2011): 20.44

Advances & Declines

BSE ADVANCES : 1457
BSE DECLINES : 1392
NSE ADVANCES :  754
NSE DECLINES :  646

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- +323050(+6.41%)
Nifty- 5500 PE(Jun)- +923300(+14.15%)

Nifty- 5600 CE(Jun)- +383300(+5.28%)
Nifty- 5600 PE(Jun)- +598800(+15.46%)

Closing 

Nifty- closed at 5,545.30(+18.70 Points & +0.34%)
Sensex- closed at 18,492.45(+80.04 Points & +0.43% )
CNX MIDCAP - closed at 7,924.85(+22.10 Points & +0.28%)
BSE SMALL CAP- closed at 8,033.63(+47.74 Points & +0.60%)

FII & DII trading activity in Capital Market Segment on 28-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 28-Jun-2011 2774.22 1954.81 819.41

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Jun-2011 999.42 1574.48 -575.06

Nifty Spot-Levels & Trading Strategy for 29-06-2011

Nifty Spot-Levels

R3 5632
R2 5595
R1 5570
Avg 5533
S1 5508
S2 5471
S3 5446

Nifty Spot-Trading Strategy

H6 5607     Trgt 2
H5 5593     Trgt 1
H4 5579     Long breakout
H3 5562     Go Short
H2 5556
H1 5550
L1 5539
L2 5533
L3 5527     Long
L4 5510     Short Breakout
L5 5496    Trgt 1
L6 5482    Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 29-06-2011

Nifty(Jun Fut)-Levels

R3 5641
R2 5599
R1 5574
Avg 5532
S1 5507
S2 5465
S3 5440

Nifty(Jun Fut)-Trading Strategy

H6 5616     Trgt 2
H5 5601     Trgt 1
H4 5585    Long breakout
H3 5567     Go Short
H2 5561
H1 5555
L1 5542
L2 5536
L3 5530     Long
L4 5512    Short Breakout
L5 5496     Trgt 1
L6 5481     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 29-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11283
R2 11208
R1 11139.
Avg 11064
S1 10995
S2 10920
S3 10851

Bank Nifty(Jun Fut)-Trading Strategy

H6 11215     Trgt 2
H5 11182     Trgt 1
H4 11149     Long breakout
H3 11109     Go Short
H2 11096
H1 11083
L1 11056
L2 11043
L3 11030     Long
L4 10990     Short Breakout
L5 10957     Trgt 1
L6 10924     Trgt 2

Pre-closing Outlook(28-06-2011)

Nifty traded most of the time between 5515-5552 with intraday mixed patterns therefore today same trading range was given for next moves confirmations. Nifty again traded today most of the time between yesterday range and prepared for next moves. Clear lower levels consolidation patterns between 5500-5525 today and sustaining above 5552 will be next up moves confirmations.

Mid-session Outlook (28-06-2011)

Mixed intra day patterns were told between yesterday range and Nifty traded most of the time and prepared for next moves within yesterday range since opening today. Intra day patterns are suggesting consolidations today at lower levels and up moves from here possibilities turns higher now and next confirmation will be sustaining above 5552.

Post-open Outlook(28-06-2011)

As mixed intraday trading positions yesterday therefore Nifty is trading within yesterday trading range(5515-5552) after positive opening today. Firstly follow up buying/selling and after that sustaining beyond yesterday mentioned range will be next immediate moves strong indication.

First 10 minutes intraday moves are showing positive market indications and rest will depend on sustaining beyond mentioned range.

Market Outlook(28-06-2011)

Firstly base formation below 5329,then strong rally and whole day trading between resistance range(5480-5605) yesterday. As trding between resistance range therefore require consolidation and genuine rally will begin after sustaining above 5605.

Nifty traded between 5515-5552 with mixed patterns yesterday and require to consolidate as well as sustain above 5552 after positive opening amid strong global cues today. Pull back rally is very much on and will fuse only after complete selling patterns and such formations are not seen till yesterday.

As sentiment positive after most Green global markets therefore trading is expected most of the time  between 5515-5604 after positive opening today morning. Last week begun uptrend is very much intact and its continuation is expected also.As mixed intraday patterns yesterday therefore follow up buying/selling today will be watched first for next immediate moves confirmations.

Nifty-Micro Analysis of Intra Day Chart For 28-06-2011

Nifty-Intra Day Chart(27-06-2011):-

Just click on chart for its enlarged view

Main Features

Most time trading range- 5515-5530
Wider trading range- 5515-5552

Conclusions

Most of the time Nifty traded between 15 points therefore intraday patterns are not clear and mixed today between 5515-5530. Next moves confirmations will be through sustaining beyond today wider trading range(5515-5552).

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

FII & DII trading activity in Capital Market Segment on 27-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 27-Jun-2011 3754 2306.58 1447.42

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Jun-2011 933.65 1700.03 -766.38

Indian Stock Markets Closing Reports(27-06-2011)

Main features of today trading are as follows

1- Long White Candle.
2- Whole day trading at higher levels.
3- Most Indices closed in Green except Reality and FMCG.

Ratios

Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(27-06-2011):20.38

Advances & Declines

BSE ADVANCES : 1628
BSE DECLINES : 1223
NSE ADVANCES :  880
NSE DECLINES :  517

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- -1031250(-14.67%)
Nifty- 5500 PE(Jun)- +1816250(+36.78%)

Nifty- 5600 CE(Jun)- +354800(+4.71%)
Nifty- 5600 PE(Jun)- +3064050(+376.07%)

Closing 

Nifty- closed at 5530.25(+55.35 Points & +1.01%)
Sensex- closed at 18,412.41(+171.73 Points & +0.94% )
CNX MIDCAP - closed at 7,902.75(+103.65 Points & +1.33%)
BSE SMALL CAP- closed at 7,985.89(+63.51 Points & +0.80%)

Nifty Spot-Levels & Trading Strategy for 28-06-2011

Nifty Spot-Levels

R3 5692
R2 5622
R1 5574
Avg 5504
S1 5456
S2 5386
S3 5338

Nifty Spot-Trading Strategy

H6 5646     Trgt 2
H5 5618     Trgt 1
H4 5590    Long breakout
H3 5558     Go Short
H2 5547
H1 5536
L1 5515
L2 5504
L3 5493     Long
L4 5461     Short Breakout
L5 5433     Trgt 1
L6 5406     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 28-06-2011

Nifty(Jun Fut)-Levels

R3 5695
R2 5627
R1 5580
Avg 5512
S1 5465
S2 5397
S3 5350

Nifty(Jun Fut)-Trading Strategy

H6 5650     Trgt 2
H5 5624     Trgt 1
H4 5597     Long breakout
H3 5565     Go Short
H2 5555
H1 5544
L1 5523
L2 5512
L3 5502     Long
L4 5470     Short Breakout
L5 5443     Trgt 1
L6 5417   Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 28-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11449
R2 11271
R1 11165
Avg 10987
S1 10881
S2 10703
S3 10597

Bank Nifty(Jun Fut)-Trading Strategy

H6 11349     Trgt 2
H5 11282     Trgt 1
H4 11215    Long breakout
H3 11137     Go Short
H2 11111
H1 11085
L1 11032
L2 11006
L3 10980     Long
L4 10902     Short Breakout
L5 10835     Trgt 1
L6 10768     Trgt 2

Pre-closing Outlook(27-06-2011)

Today trading range is 5515-5552 and Nifty traded most of the time between 5515-5530. Intraday charts of today are mixed and suggesting for confirmations through sustaining beyond today range. Market has to consolidate between 5500-5600 for and upmove because it is strong resistance range.

Sustaining beyond 5500-5550 will give next move confirmation tomorrow.

Mid-session Outlook-2(27-06-2011)

Following line was told when Nifty was trading above 5550 today:-

moved above 5530 and sustaining above it will mean rally continuation high possibility with regular consolidations within resistance range(5480-5604).

Nifty could not sustain above 5530 and trading within first 3 hours trading range(5515-5530) and it will be better to to get next immediate moves first  confirmations from sustaining beyond this range.

Mid-session Outlook(27-06-2011)

As sentiment turned heated today morning therefore minor intraday correction possibility was told within first hour and Nifty traded range bound between 5515-5530 in next 2 hours.

Bullish market corrects in range bound modes therefore Nifty completed minor intraday correction between 5515-5530,then moved above 5530 and sustaining above it will mean rally continuation high possibility with regular consolidations within resistance range(5480-5604).

Post-open Outlook-3(27-06-2011)

As sentiment turned heated immediately after sharp rise today morning therefore minor intraday correction is possible.

Post-open Outlook-2(27-06-2011)

Bull in full force,no respite for Bear. Forcefully crossed 5481 and trading within resistance range(5480-5605). Strong indications of Bull markets beginning and confirmation will be sustaining above mentioned resistance range.

Post-open Outlook(27-06-2011)

Indian markets denied global cues and outperforming global markets after Red opening today morning. Nifty is trading within last Friday selling range 5453-5475.Next moves confirmation ranges are as follows:-

1- 5453-5481
2- 5390-5481
3- 5360-5481

Strong resistance between 5480-5604 therefore Nifty will prepare for next moves between above mentioned ranges. Indian markets showed strength immediately after opening today and sustaining  above mentioned 1st range will be next move strong indication.

Pre-open Outlook(27-06-2011)

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

Indian Markets are poised for Blasting Big Moves

Following lines were told in Nifty-Micro Analysis of Intra Day Chart For 27-06-2011:-

1- Last 1 hour selling between 5453-5475
2-  last 1 hour selling indications seen and minor Rising Wedge(Bearish pattern) is also visible within it.
3- 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.

As minor selling patterns seen therefore following trading range was given in Indian Markets are poised for Blasting Big Moves

Expected that Nifty will trade first between 5390-5460 in the coming couple of sessions

All the Asian markets are negative today morning after US markets Red closing last Friday therefore Indian markets will open weak and trade within above mentioned range,whole day trading and closing expected within this range today.

Indian Markets are poised for Blasting Big Moves

Weekly Outlook(Jun 27 to Jul 01,2011)

Technical Analysis and Research of EOD,Micro Analysis of Nifty Intra Day Charts,Technical Positions,next possibilities have already been explained in following 5 topics with 4 Charts therefore not being repeated:-

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

2- Steel like Strong Support between 5250-5330

3- 3 Whipsaws(False signals) in Indian markets on 20-06-2011

4- 18 months Rising Trend Line is valid Now

5- 4 months Head & Shoulders Pattern in EOD Chart

Nifty- EOD Chart(24-06-2011):-

Just click on chart for its enlarged view

Nifty was range bound between 5329-5604 in 34 sessions but this range broken down and gave strong bearish indications after 141 Nifty points sharp fall on 20-06-2011. Nifty again  turned range bound after 151 Nifty points surge on 24-06-2011 and main features are as follows:-

1- 35 sessions range bound market now.
2- Strong resistance between 5480-5604 (within range).
3- Gap support(on 24-06-2011) between 5330-5343 (within range).
4- Strong support between 5250-533o (below range)
5- Nifty closed almost in the middle of range last Friday
6- Nifty closed above falling resistance trend line from 5604.


Conclusions (After Putting All Studies Together)

Long term and Intermediate term trends are down. Short term trend turned up and Nifty closed well above 18 months Rising trend line after last Friday rally therefore Indian markets are well poised for any side break out of last 35 sessions range.

Good consolidation and support below 5329 therefore Nifty will not easily dip below it and on the same count strong resistances between 5480-5604 also therefore Nifty will not enter in this range immediately.

Expected that Nifty will trade first between 5390-5460 in the coming couple of sessions and prepare for next moves. Indian markets are in range bound mode and preparing for blasting one sided moves within 5329-5604. Let market break out and sustain beyond then long term trending market will be seen. As Whipsaws(False signals) seen below 5329  on 20-06-2011 therefore 5 break out confirmation points have been posted in following topic. Just click link and go through:-

3 Whipsaws(False signals) in Indian markets on 20-06-2011

Within range bound markets possibilities have been discussed above and telling beyond range will be guesing only therefore will not be updated at this moment. Let market prepare for next moves then will be told according to confirmations from intraday charts analysis as up moves and bounce back were told minimum 5 times before the begining of last Friday rally.

Indian markets retraced after cracking down and again trading within 35 sessions range. It is confirm that Indian markets will blast and one sided trending market will be seen after genuine break out of this range. First strong indication of next moves will be sustaining beyond  5360-5477.

4 months Head & Shoulders Pattern in EOD Chart

Nifty- EOD Chart(24-06-2011):-

Just click on chart for its enlarged view

4 Months old big Head & Shoulders Pattern and sustaining below its neckline means bear phase confirmaton and commencement of deeper correction. Its main features are as follows:-

1- 4 months Head & Shoulders Pattern gave strong bearish indications when its neckline was broken down after 141 Nifty points sharp fall on 20-06-2011 
2- Nifty moved above its neckline sharply on 24-06-2011 therefore Indian markets are at present saved from its anger.

Conclusions

HNS is still in existence.it will be valid below its neckine and will be cancelled above its Right Shoulder(5605). Sustaining beyond both lines will be next moves confirmations and should be watched for next moves confirmations.

18 months Rising Trend Line is valid Now

Nifty- EOD Chart(24-06-2011):-

Just click on chart for its enlarged view

18 months Rising Trend Line gave strong bearish indications after 141 Nifty points sharp fall on 20-06-2011 and turned positive after 151 Nifty points surge on 24-06-2011. Mentioned trend line main features are as follows:-

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 on 20-06-2011
4- Nifty recovered and moved above Rising Trend Line on 24-06-2011 after 4 days consolidations below it.

Conclusions

As Nifty could not sustain below and retraced sharply with same force therefore means that 18 months uptrend is still continued and not broken down yet. It is still valid and giving up trend continuation indication but confirmation required after previous week breaking down.. Sustaining above this line will be up trend confirmation.

3 Whipsaws(False signals) in Indian markets on 20-06-2011

All of a sudden 'DTAA renegotiation' news telecasted in Business News Channels and websites  without any specific reference on that day and Indian markets plunged on 20-06-2011.

Certainly it was Well planned and engineered 141 Nifty points 10 minutes fall for creating depressed sentiments,small traders and investors were psychologically compelled to sell their trading positions and investments.

All the technical analysts filters such break outs through following confirmations;-

1- 3 days sustaining beyond.
2- 3% moves moves from break out levels.
3- Increase in volume
4- Forceful break out.
5- Closing beyond.

Market gave all the above confirmations except 3 days sustaining beyond  on 20-06-2011 therefore following line was told in all the 3 following topics:-

"only last technical formality of 3 days sustaining below is left"

1- 18 Months Rising Trend Line Broken Down
2- 34 Sessions Trading Range(5329-5604) Broken Down
3- Head & Shoulders Pattern in 4 months EOD Chart

As soon as intraday charts started to show bullish signals then we immediately told for whipsaw possibility on 22-06-2011 and told following lines in Nifty-Micro Analysis of 3 days Intra Day Chart(Jun 20 to Jun 22,2011):-

1- 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).
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.

When life gives you a hundred of reasons to cry,show life that you have a thousand of reasons to smile.