Post-open Outlook(14-05-2012)

Although SGX Nifty was trading more than 40 points down today morning but yesterday support range was specified anf following lines were told today in Technical Analysis and Research For 01-06-2012:-

1- As Nifty survived above 4884 after most disappointing GDP data therefore yesterday Supports(4884-4905) should be firstly watched 
2- follow up buying/selling today will decide next immediate intra day moves.

Nifty is trading above the high(4905) of mentioned support range and firstly sustaining beyond mentioned support range should be watched and this range will be most crucial for today and also for deciding next immediate moves otherwise quiet market between 4884-4960 expected today

Technical Analysis and Research For 01-06-2012

Nifty-Micro Analysis of 2 days Intra Day Chart(May 30 to May 31,20122)

Nifty-Intra Day Chart (May 30 to May 31,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 days intraday charts

1- Selling between 4960-4982
2- Support between 4884-4905
3- Whole day trading between 4884-4949

Conclusions from 2 days intra day chart analysis 

Following immediate supports and resistances were updated yesterday in Post-open Outlook

Next minor supports:

1- 4890
2- 4856

Next Resistances:

1- 4960-4982

Nifty traded most of the time between above mentioned 1st support and 1st resistance amid full of news flows on derivative expiry day.

All trends are down and Indian markets are in the stiff grip of Bears as well as multiple strong resistances at higher levels. It should be kept in mind that any sustained and decisive up move will be seen only after complete consolidations and rally confirmation will be minimum after sustaining above 1/2 resistances. Only Pull Back rallies may be seen after intraday or minor consolidations.

Last minutes sharp surge was only positive news based therefore following lines were told in  Pre-Closing Outlook yesterday:-

"Indian Rupee good recovery also triggered intraday up moves today therefore confirmations are also required through sustaining above 4960 for any decisive up moves"

Pre-open Outlook(01-06-2012)

Asian markets are weak today morning after negative US Futures today morning therefore sentiment is depressed and weak opening will be seen. As Nifty survived above 4884 after most disappointing GDP data therefore yesterday Supports(4884-4905) should be firstly watched and follow up buying/selling today will decide next immdiate intraday moves.

Sustaining below 4884 will mean testing of following supports:-

1- 4789-4860
2- 4635-4663
3- 4602-4624
4- 4560-4590

As market require complete consolidations for any sustaining move above 4960 therefore let market consolidate then such up moves will be considered.

FII Trading Data in Derivatives Segment on 31-May-2012

FII & DII trading activity in Capital Market Segment on 31-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 31-May-2012 6379.64 7045.4 -665.76

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 31-May-2012 1323.22 1589.6 -266.38

Nifty Spot-Levels & Trading Strategy for 01-06-2012

Nifty Spot-Levels

R3 5020
R2 4984
R1 4954
Avg 4918
S1 4888
S2 4852
S3 4822

Nifty Spot-Trading Strategy

H6 4990     Trgt 2
H5 4975     Trgt 1
H4 4960     Long breakout
H3 4942     Go Short
H2 4936
H1 4930
L1 4917
L2 4911
L3 4905     Long
L4 4887     Short Breakout
L5 4872     Trgt 1
L6 4857     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 01-06-2012

Nifty(Jun Fut)-Levels

R3 4989
R2 4960
R1 4940
Avg 4911
S1 4891
S2 4862
S3 4842

Nifty(Jun Fut)-Trading Strategy

H6 4970     Trgt 2
H5 4959     Trgt 1
H4 4947     Long breakout
H3 4934     Go Short
H2 4929
H1 4925
L1 4916
L2 4912
L3 4907     Long
L4 4894     Short Breakout
L5 4882     Trgt 1
L6 4871     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 01-06-2012

Bank Nifty(Jun Fut)-Levels

R3 9646
R2 9545
R1 9479
Avg 9378
S1 9312
S2 9211
S3 9145

Bank Nifty(Jun Fut)-Trading Strategy

H6 9582     Trgt 2
H5 9543     Trgt 1
H4 9504     Long breakout
H3 9458     Go Short
H2 9443
H1 9428
L1 9397
L2 9382
L3 9367     Long
L4 9321     Short Breakout
L5 9282     Trgt 1
L6 9243     Trgt 2

Pre-Closing Outlook(31-05-2012)

Sentiment was already depressed after big down in Global markets but it sparked after most depressing GDP data. Intra day supports at lower levels today and after that without force up moves were also seen because Dow Futures also moved up from -20 to +59 and all the European markets are trading with more than .60% gains.

Indian Rupee good recovery also triggered intraday up moves today therefore confirmations are also required through sustaining above 4960 for any decisive up moves.

GDP growth at 5.3% in FYQ4 and it is 9-yr low

As sentiment turned  nervous and most markets become sellers after such discouraging news therefore market did not moved down and minor up moves seen for short covering of news generated selling of general traders.

As last 2 sesions good selling at higher levels therefore market requires complete consilidations for any decisive up moves and let it happen then any up move will be considered.

Nifty is hovering around 4900 today and expiry is expected near about it.

Post-open Outlook-3(31-05-2012)

GDP announcement today and as per news channels GDP may be below 6% but let it declare first and volatility possibility should be kept in mind.  Finally settling direction of market will form next immediate trend.

Post-open Outlook-2(31-05-2012)

Intra day selling patterns at higher levels confirmations today.

Post-open Outlook(31-05-2012)

Following possibility was told yesterday in Pre-Closing Outlook

"expiry near 4900"

Nifty is hovering around 4900 since opening today and closing on Expiry will depend on following technical positions which are as follows:

Next minor supports:

1- 4890
2- 4856

Next Resistances:

1- 4960-4982

As intra day good selling abbove 4960 yesterday therefore expiry will not be above it but supports at lower levels are not much strong therefore follow up selling near 4900 will mean slipping and today closing possibility near above mentioned supports.

Let market prepare for next positions then will be updated according to intra day charts formations.

Technical Analysis & Market Outlook(31-05-2012)

Nifty-Micro Analysis of Intra Day Chart For 31-05-2012

Nifty-Intra Day Chart (30-May-2012):-

Just click on chart for its enlarged view

Technical Analysis & Market Outlook(31-05-2012)

Technical Patterns and Formations in today intraday charts

1- Selling between 4960-4982
2- Whole day trading between 4945-4982

Conclusions from intra day chart analysis 

As intraday selling patterns above 4960 therefore expected that Nifty will slip below 4960 and retesting of following supports will be seen in the coming sessions:-

1- 4789-4860
2- 4635-4663
3- 4602-4624
4- 4560-4590

FII Trading Data in Derivatives Segment on 30-May-2012

FII & DII trading activity in Capital Market Segment on 30-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 30-May-2012 2192.44 2203.18 -10.74

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-May-2012 558.13 740.74 -182.61

Indian Stock Markets Closing Reports(30-May-2012)

Main features of today trading are as follows

1- Gap down opening after depressing global cues.
2- Black Candle formation.
3- All the Benchmark Indices closed in Red.

Ratios

Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(30-May-2012):16.75

Advances & Declines

BSE Advances :  996
BSE Declines : 1721
NSE Advances :  396
NSE Declines : 1032

Nifty Open Interest Changed Today

Nifty- 4800 CE(May)- -93500(-9.50%)
Nifty- 4800 PE(May)- +145250(+1.89%)

Nifty- 4900 CE(May)- +267250(+9.94%)
Nifty- 4900 PE(May)- -342800(-5.00%)

Nifty- 5000 CE(May)- +648350(+11.49%)
Nifty- 5000 PE(May)- -923150(-23.13%)

Closing 

Nifty- closed at 4,950.75(-39.35 Points & -0.79%)
Sensex- closed at 16,312.15(-126.43 Points & -0.77% )
CNX Midcap - closed at 6,883.35(-112.85 Points & -1.61%)
BSE SMLcap- closed at 6,307.15(-77.22 Points & -1.21%)

Nifty Spot-Levels & Trading Strategy for 31-05-2012

Nifty Spot-Levels

R3 5011
R2 4996
R1 4973
Avg 4958
S1 4935
S2 4920
S3 4897

Nifty Spot-Trading Strategy

H6 4988     Trgt 2
H5 4979     Trgt 1
H4 4970     Long breakout
H3 4960     Go Short
H2 4956
H1 4953
L1 4946
L2 4943
L3 4939     Long
L4 4929     Short Breakout
L5 4920     Trgt 1
L6 4911     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 31-05-2012

Nifty(May Fut)-Levels

R3 4994
R2 4979
R1 4956
Avg 4941
S1 4918
S2 4903
S3 4880

Nifty(May Fut)-Trading Strategy

H6 4971     Trgt 2
H5 4962     Trgt 1
H4 4953     Long breakout
H3 4943     Go Short
H2 4939
H1 4936
L1 4929
L2 4926
L3 4922     Long
L4 4912     Short Breakout
L5 4903     Trgt 1
L6 4894     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 31-05-2012

Bank Nifty(May Fut)-Levels

R3 9727
R2 9663
R1 9566
Avg 9502
S1 9405
S2 9341
S3 9244

Bank Nifty(May Fut)-Trading Strategy

H6 9631     Trgt 2
H5 9595      Trgt 1
H4 9558     Long breakout
H3 9514     Go Short
H2 9499
H1 9484
L1 9455
L2 9440
L3 9425     Long
L4 9381     Short Breakout
L5 9344     Trgt 1
L6 9308     Trgt 2

Pre-Closing Outlook(30-05-2012)

As higher levels selling therefore finally slipping below 4960 and sustaining below tomorrow will mean more down moves and expiry near 4900.

Mid-session Outlook(30-05-2012)

Crashing Asian markets and weak Indian Rupee generated gap down and hovering around next trend confirmation levels of 4960 today morning. Firstly watch sustaining beyond 4960 for next  trend confirmations 

Pre-open Outlook(30-05-2012)

Although US markets closed with more than 1% gains yesterday but its all Futures are more than .40% down therefore sentiment turned weak today morning and all the Asian markets are trading in Red at this moment. Negative opening is expected in Indian markets and finally sustaining below 4960 will mean positive signals of 28-05-2012 as whipsaw(false signals) and in that situation retesting of following supports will be seen:-

1- 4789-4860
2- 4635-4663
3- 4602-4624
4- 4560-4590 

Technical Analysis & Market Outlook(30-05-2012)

Nifty-Intra Day Chart (29-May-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4983-4998
2- Selling between 5010-5020
3- Whole day trading between 4983-5020

Conclusions from intra day chart analysis 

Whole day trading within 37 Nifty points with lower levels supports and higher levels selling as well as  intraday volatility. Following Bullish developments on 28-05-2012:-

1- 13 sessions trading range break out with force above 4960.
2- Trend reversal Bullish Inverted Head & Shoulders pattern's neckline crossing also at 4960.

For detailed analysis with chart just click following link:-

Inverted Head & Shoulders Bullish Formations in Intraday charts

Although Indian markets lost all intraday gains and closed near the lows of the day today but lower levels supports not broken therefore Bullish hopes are still alive. 

Firstly sustaining beyond today trading range and finally sustaining above 4960/5020 will be strong Pull Back Rally confirmations and it is expected also in the coming sessions.

FII Trading Data in Derivatives Segment on 29-May-2012

FII & DII trading activity in Capital Market Segment on 29-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 29-May-2012 1539.21 1448.71 90.5

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-May-2012 727.89 927.29 -199.4

Indian Stock Markets Closing Reports(29-May-2012)

Main features of today trading are as follows

1- Benchmark Indices closed flat after slipping from higher levels.
2- Black Candle formations.
3- Some Indices closed flat to Green while MIDCAP,cG,HC,CD AND FMCG closed in Red.

Ratios

Nifty Put Call Ratio: 1.19
Nifty P/E Ratio(29-May-2012):16.90

Advances & Declines

BSE Advances : 1430
BSE Declines : 1274
NSE Advances :  726
NSE Declines :  671

Nifty Open Interest Changed Today

Nifty- 4900 CE(May)- -730100(-21.35%)
Nifty- 4900 PE(May)- +423700(+6.58%)

Nifty- 5000 CE(May)- -382500(-6.35%)
Nifty- 5000 PE(May)- +535050(+15.48%)

Nifty- 5100 CE(May)- +497200(+7.67%)
Nifty- 5100 PE(May)- -145600(-6.74%)

Closing 

Nifty- closed at 4,990.10(+4.45 Points & +0.09%)
Sensex- closed at 16,438.58(+21.74 Points & +0.13% )
CNX Midcap - closed at 6,996.20(-32.95 Points & -0.47%)
BSE SMLcap- closed at 6,384.37(+10.91 Points & +0.17%)

Nifty Spot-Levels & Trading Strategy for 30-05-2012

Nifty Spot-Levels

R3 5050
R2 5035
R1 5012
Avg 4997
S1 4974
S2 4959
S3 4936

Nifty Spot-Trading Strategy

H6 5028     Trgt 2
H5 5019     Trgt 1
H4 5010     Long breakout
H3 5000     Go Short
H2 4996
H1 4993
L1 4986
L2 4983
L3 4979     Long
L4 4969     Short Breakout
L5 4960     Trgt 1
L6 4951     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 30-05-2012

Nifty(May Fut)-Levels

R3 5050
R2 5030
R1 5005
Avg 4985
S1 4960
S2 4940
S3 4915

Nifty(May Fut)-Trading Strategy

H6 5025     Trgt 2
H5 5014     Trgt 1
H4 5004     Long breakout
H3 4992     Go Short
H2 4988
H1 4984
L1 4975
L2 4971
L3 4967     Long
L4 4955     Short Breakout
L5 4945     Trgt 1
L6 4934     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 30-05-2012

Bank Nifty(May Fut)-Levels

R3 9814
R2 9770
R1 9711
Avg 9667
S1 9608
S2 9564
S3 9505

Bank Nifty(May Fut)-Trading Strategy

H6 9756     Trgt 2
H5 9732     Trgt 1
H4 9709     Long breakout
H3 9681     Go Short
H2 9671
H1 9662
L1 9643
L2 9634
L3 9624     Long
L4 9596     Short Breakout
L5 9573     Trgt 1
L6 9549     Trgt 2

Pre-Closing Outlook(29-05-2012)

Although narrow range trading but intraday volatility also seen between 4983-5020 with good supports at lower levels but minor selling indications also seen at higher levels.

As mixed intraday formations therefore sustaining beyond today trading range will be next moves confirmations.

Mid-session Outlook(29-05-2012)

US Futures and Asian markets turned stronger but Indian markets are not responding and also has not shown strength today because Indian Rupee is .4250 down. As intra day patterns are showing consolidation formations with intraday higher bottom support therefore yesterday begun up moves continuation is expected.

Sideways market with narrow range moves within 4983-5007 after rupee fall news today and for precaution firstly watch sustaining it beyond also for next moves confirmations.

Inverted Head & Shoulders Bullish Formations in Intraday charts

Nifty-Micro Analysis of 14 Sessions Intra Day Chart(May 09 to May 28,2012)

Nifty-Intra Day Chart (May 09 to May 28,2012):-

Just click on chart for its enlarged view

Conclusions from 14 Sessions intra day chart analysis 

Inverted Head & Shoulders Formations in Intraday charts and it is trend reversal Bullish formation. Its Neckline break out was seen above 4960 on 28-05-2012 and sustaining above it will mean strong Pull Back Rally in the coming sessions. 

FII Trading Data in Derivatives Segment on 28-May-2012

FII & DII trading activity in Capital Market Segment on 28-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 28-May-2012 1233.83 1124.95 108.88

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-May-2012 664.38 496.68 167.7

Indian Stock Markets Closing Reports(28-May-2012)

Main features of today trading are as follows

1- All the Indices closed in Green.
2- Long White Candle.
3- Closiing near the top of the day.

Ratios

Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(28-May-2012):16.90

Advances & Declines

BSE Advances : 1690
BSE Declines : 1050
NSE Advances :  951
NSE Declines :  478

Nifty Open Interest Changed Today


Nifty- 4800 CE(May)- -637700(-29.60%)
Nifty- 4800 PE(May)- -509700(-7.01%)

Nifty- 4900 CE(May)- -1282150(-27.27%)
Nifty- 4900 PE(May)- +1354350(+24.55%)

Nifty- 5000 CE(May)- -196800(-2.87%)
Nifty- 5000 PE(May)- +995050(+37.98%)

Nifty- 5100 CE(May)- +224850(+3.45%)
Nifty- 5100 PE(May)- -75650(-3.38%)

Closing 

Nifty- closed at 4,985.65(+65.25 Points & +1.33%)
Sensex- closed at 16,416.84(+199.02 Points & +1.23% )
CNX Midcap - closed at (+114.85 Points & +1.66%)
BSE SMLcap- closed at 6,373.46(+55.13 Points & +0.87%)

Nifty Spot-Levels & Trading Strategy for 29-05-2012

Nifty Spot-Levels

R3 5072
R2 5033
R1 5009
Avg 4970
S1 4946
S2 4907
S3 4883

Nifty Spot-Trading Strategy

H6 5048     Trgt 2
H5 5034     Trgt 1
H4 5019     Long breakout
H3 5002     Go Short
H2 4996
H1 4990
L1 4979
L2 4973
L3 4967     Long
L4 4950     Short Breakout
L5 4935     Trgt 1
L6 4921     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 29-05-2012

Nifty(May Fut)-Levels

R3 5061
R2 5024
R1 4999
Avg 4962
S1 4937
S2 4900
S3 4875

Nifty(May Fut)-Trading Strategy

H6 5037     Trgt 2
H5 5023     Trgt 1
H4 5009     Long breakout
H3 4992     Go Short
H2 4986
H1 4980
L1 4969
L2 4963
L3 4957     Long
L4 4940     Short Breakout
L5 4926     Trgt 1
L6 4912     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 29-05-2012

Bank Nifty(May Fut)-Levels

R3 9956
R2 9817
R1 9733
Avg 9594
S1 9510
S2 9371
S3 9287

Bank Nifty(May Fut)-Trading Strategy

H6 9877     Trgt 2
H5 9825     Trgt 1
H4 9772     Long breakout
H3 9711     Go Short
H2 9690
H1 9670
L1 9629
L2 9609
L3 9588     Long
L4 9527     Short Breakout
L5 9474    Trgt 1
L6 9422     Trgt 2

Pre-Closing Outlook(28-05-2012)

Following line was told in Mid-session Outlook-2(28-05-2012)

"slipped also fast to 4946 and got intraday support also"

Nifty made new intra day high after getting support and now more up moves can not be ruled out.

Mid-session Outlook-2(28-05-2012)

Although Nifty crossed most crucial and next trend deciding levels of 4960 but without force therefore caution message of confirmations through sustaining beyond was immediately updated in Mid-session Outlook today. Nifty moved up to 4971.10 but slipped also fast to 4946 and got intra day support also.

Bull Bear fight to win 4960 since opening today and will be better to get confirmations through:-

1- Firstly sustaining beyond 4960.
2- Finally sustaining beyond today trading range(4932-4971).

Mid-session Outlook(28-05-2012)

Nifty crossed 4960 but without force therefore sustaining it above confirmations are must for strong rally above 4960.

Post-open Outlook(28-05-2012)

US Futures are more than.57% up and most of the Asian markets are also trading in positive zone therefore sentiment good and  Indian markets are also more than .50% op after Green opening today morning.

Sustaining above 4960 will be next strong decisive up moves confirmations.