Indian Stock Markets Reports(07-Jun-2012)
Main features are as follows:
1- White Candle formation.
2- All the Indices closed in Green except CD.
3- Benchmark Indices more than 1% up but BSE SMLcap closed 0.46% up.
Ratios
Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(07-Jun-2012): 16.96
Advances & Declines
BSE Advances : 1509
BSE Declines : 1215
NSE Advances : 823
NSE Declines : 580
Nifty Open Interest Changed Today
Nifty- 4800 CE(Jun)- -204250(-8.77%)
Nifty- 4800 PE(Jun)- -11000(-0.15%)
Nifty- 4900 CE(Jun)- -145450(-4.33%)
Nifty- 4900 PE(Jun)- +1190000(+24.60%)
Nifty- 5000 CE(Jun)- -457550(-8.72%)
Nifty- 5000 PE(Jun)- +772250(+25.29%)
Nifty- 5100 CE(Jun)- +428450(+9.45%)
Nifty- 5100 PE(Jun)- +132100(+13.49%)
Closing
Nifty- closed at 5,049.65(+52.55 Points & +1.05%)
Sensex- closed at 16,649.05(+194.75 Points & +1.18% )
CNX Midcap - closed at 7,005.35(+59.15 Points & +0.85%)
BSE SMLcap- closed at 6,313.63(+29.01 Points & +0.46%)
Nifty-Micro Analysis of Intra Day Chart For 08-06-2012
Nifty-Intra Day Chart (07-Jun2012):-
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| Just click on chart for its enlarged view |
1- Consolidation between 5009-5022.
2- Without force up moves with Rising Wedge(Bearish) formation.
3- Last more than 2 hours trading between 5041-5054 with mixed patterns formations
4- Whole day trading between 5008-5059
Conclusions from intra day chart analysis
Following conclusions were updated in Mid-session Outlook yesterday and being repeated for today market:-
Although some recovery from lower levels today but without much force and last one hour up moves are also showing Rising Wedge(Bearish) formation therefore suggesting more requiirement for consolidation.
Finally sustaining beyond 5009-5065 will give next immediate trend confirmations therefore should be firstly watched.
Pre-open Outlook(08-06-2012)
US markets slipped lost most of the intraday gains after Ben Bernanke statement yesterday therefore sentiment weakened today morning and all the Asian markets are in Red with Dow'Futures is allso trading more than 30 points down at this moment.
Sentiment depressed today morning therefore weak opening will be seen and following 2 ranges should be seen today:
1- 5041-5054- Last more than 2 hours trading between this range with mixed formations, As Rising Wedge(Bearish) formation was seen between and below this range yesterday therefore firstly trading below this range is expected because sentiment is weak. Sustaining beyond this range will be next moves first strong signal.
2- 5009-5065- Sustaining above 5065 will be strong rally confirmations after all trends turning up and sustaining below 5009 will be termination confirmation of this week Pull Back rally.
3- Nifty got intraday support between 5009-5022 yesterday therefore this range is first saviour and sustaining beyond will be next moves confirmation also in dampened global sentiment today.
Finally sustaining beyond 5009-5065 will be next trend confirmations.