ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-Session Outlook(06-01-2011)
As inflation highly increasing news was in the pipe line therefore indian markets slipped immediately after opening today. Nifty trading below 6065 and in this manner has broken down last 5 days range. If Nifty sustains below 6065 today then it will be confirmation of last 5 days higher levels selling and that will mean testing levels below 6000. Last 2 hours intraday charts suggesting selling formations below 6065 therefore further down move is possible.
NIFTY-JAN F&O-1ST SHORTED ON 05-01-2011-COVERING
NIFTY JAN F & O(SHORTED ON 05-01-2011)-COVER IMMEDIATELY-CMP-6120
Next Trend Deciding Range 6065-6082
Pre-Open Market Outlook(06-01-2011)
Nifty formed the low at 6062 yesterday but I told well in advance for its happening in following words:-
1-Pre-Open(05-01-2011)- "As good selling at higher levels therefore slipping below 6128 possibility is high to test minimum 6080"
2- Pre-Open(04-01-2011)-
a-"Nifty will not sustain above 6178."
b-"yesterday intraday charts genuine selling patterns therefore slipping below 6154 will be seen"
3- Weekly(03-01-2011)- "Last 2 sessions(31-12-2010 & 30-12-2010) intraday charts are showing distribution signals therefore a minor/very short term correction is possible in the begining of week"
1- 31-12-2010- Nifty traded most of the time within-6115-6145
2- 30-12-2010- Nifty traded most of the time within-6065-6082
1-Technical Positions of Last 5 Days Intraday Chart:-
As intraday selling shown in first 2 days therefore minor/very short term correction was predicted on 03-01-2011 and it was seen as well as both 2 days intraday levels neutralised on 05-01-2011 also in single day market slipping. Nifty traded most of the time within-6065-6082 and Nifty again traded last 2 hours within 6065-6082 yesterday. Good selling at higher levels and Nifty trading last 2 hours within 30-12-2010 range is indicating its importance to decide next trend. I clearly mean to say that break out and sustaining above 6082 will mean on going correction completion and moving below 6065 will mean testing of important supports near 6000.
As selling has already been seen within 6065-6082 therefore once slipping below is expected but final moves will be decided after sustaining beyond this range. Market will decide today next moves near about or within 6065-6082 and today first 3/4 hours intraday charts will give indication of next moves market preperations. Global markets may also give direction to Indian markets in next couple of sessions.
As I never like to guess therefore will try to tell after today intrady charts analysis.
Nifty formed the low at 6062 yesterday but I told well in advance for its happening in following words:-
1-Pre-Open(05-01-2011)- "As good selling at higher levels therefore slipping below 6128 possibility is high to test minimum 6080"
2- Pre-Open(04-01-2011)-
a-"Nifty will not sustain above 6178."
b-"yesterday intraday charts genuine selling patterns therefore slipping below 6154 will be seen"
3- Weekly(03-01-2011)- "Last 2 sessions(31-12-2010 & 30-12-2010) intraday charts are showing distribution signals therefore a minor/very short term correction is possible in the begining of week"
1- 31-12-2010- Nifty traded most of the time within-6115-6145
2- 30-12-2010- Nifty traded most of the time within-6065-6082
1-Technical Positions of Last 5 Days Intraday Chart:-
As intraday selling shown in first 2 days therefore minor/very short term correction was predicted on 03-01-2011 and it was seen as well as both 2 days intraday levels neutralised on 05-01-2011 also in single day market slipping. Nifty traded most of the time within-6065-6082 and Nifty again traded last 2 hours within 6065-6082 yesterday. Good selling at higher levels and Nifty trading last 2 hours within 30-12-2010 range is indicating its importance to decide next trend. I clearly mean to say that break out and sustaining above 6082 will mean on going correction completion and moving below 6065 will mean testing of important supports near 6000.
As selling has already been seen within 6065-6082 therefore once slipping below is expected but final moves will be decided after sustaining beyond this range. Market will decide today next moves near about or within 6065-6082 and today first 3/4 hours intraday charts will give indication of next moves market preperations. Global markets may also give direction to Indian markets in next couple of sessions.
As I never like to guess therefore will try to tell after today intrady charts analysis.
Nifty Spot Levels for 06-01-11
R3 6205
R2 6173
R1 6126
AVG 6094
S1 6047
S2 6015
S3 5968
Nifty Jan Futures Levels for 06-01-11
R3 6231
R2 6191
R1 6147
AVG 6107
S1 6063
S2 6023
S3 5979
Bank Nifty Jan Futures Levels for 06-01-11
R3 11813
R2 11706
R1 11538
AVG 11431
S1 11263
S2 11156
S3 10988
R2 6173
R1 6126
AVG 6094
S1 6047
S2 6015
S3 5968
Nifty Jan Futures Levels for 06-01-11
R3 6231
R2 6191
R1 6147
AVG 6107
S1 6063
S2 6023
S3 5979
Bank Nifty Jan Futures Levels for 06-01-11
R3 11813
R2 11706
R1 11538
AVG 11431
S1 11263
S2 11156
S3 10988
NIFTY-JAN F&O-2ND SELLING TRADE OF 05-01-2011-TRADE
NIFTY(JAN FUT-SELL-POSITIONAL)SL-6146-TGT-6074-CMP-6107
NIFTY(JAN PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(JAN FUT)-RATES ARE FOR-SL-6146-TGT-6074 FOR ALL OPTIONS-CMP-6107
NIFTY(JAN PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(JAN FUT)-RATES ARE FOR-SL-6146-TGT-6074 FOR ALL OPTIONS-CMP-6107
NIFTY-JAN F&O-1ST SHORTING TRADE OF TODAY-COVERING
NIFTY JAN F & O(SHORTED TODAY)-COVER AND BOOK PROFIT IMMEDIATELY-CMP-6097
NIFTY-JAN F&O-1ST SHORTING TRADE OF TODAY-MESSAGE
NIFTY JAN F & O(SHORTED TODAY)-PLEASE DO NOT COVER AT TARGET AND WAIT FOR MY COVERING MESSAGE
NIFTY-JAN F&O-1ST SELLING TRADE OF 05-01-2011-TRADE
NIFTY(JAN FUT-SELL-POSITIONAL)SL-6151-TGT-6094-CMP-6134
NIFTY(JAN PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(JAN FUT)-RATES ARE FOR-SL-6151-TGT-6094 FOR ALL OPTIONS-CMP-6134
NIFTY(JAN PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(JAN FUT)-RATES ARE FOR-SL-6151-TGT-6094 FOR ALL OPTIONS-CMP-6134
NIFTY-JAN F&O-1ST SHORTING TRADE OF 04-01-2011-COVERING
NIFTY JAN F & O(SHORTED SHORTED ON 04-01-2011)-COVER AND BOOK PROFIT IMMEDIATELY-CMP-6139
Pre-Open Market Outlook(05-01-2011)
As intraday charts suggested therefore following lines were told at that time for yesterday when Dow and Nasdaq was trading +125 and +40 respectively:-
1- All the global markets closed with strong gains and Us markets are also trading more than 1% up at this moment therefore positive opening expected today but Nifty will not sustain above 6178.
2- intraday charts genuine selling patterns therefore slipping below 6154 will be seen and Red closing expected today despite most bullish global sentiments.
Nifty traded most of the time in Red area yesterday with good amount of voltality and good selling formations at higher levels which are shown in following yesterday intraday charts:-
Following lines were told for last 4 sessions selling formations:-
1- On 03-01-2011 in Weekly:-"Last 2 sessions intraday charts are showing distribution signals "
2- On 04-01-2011 in Pre-Open:-
a- " intraday charts are showing genuine selling formations"
b- "Red closing expected today despite most bullish global sentiments"
3- On 04-01-2011 in Mid-Session-2:- Follow up selling seen today and more down move possibilities can not be ruled out.
Rally begun after genuine buying on 28-12-2010 and selling seen during up moves as well as last 2 days selling within 6145-6178 also. As last 2 days selling seen just below next resistance range(6180-6195) also therefore this raesistance strengthened and slipping below 6128 will mean faster down moves begining. Good consolidations requires now to cross 6180.
Nifty traded within 6128-6178 in last 2 sessions with good selling at higher levels and sustaining below 6128 will mean short term correction commencement to test lower levels within 6000-6080.
As good selling at higher levels therefore slipping below 6128 possibility is high to test minimum 6080.
1- All the global markets closed with strong gains and Us markets are also trading more than 1% up at this moment therefore positive opening expected today but Nifty will not sustain above 6178.
2- intraday charts genuine selling patterns therefore slipping below 6154 will be seen and Red closing expected today despite most bullish global sentiments.
Nifty traded most of the time in Red area yesterday with good amount of voltality and good selling formations at higher levels which are shown in following yesterday intraday charts:-
1- On 03-01-2011 in Weekly:-"Last 2 sessions intraday charts are showing distribution signals "
2- On 04-01-2011 in Pre-Open:-
a- " intraday charts are showing genuine selling formations"
b- "Red closing expected today despite most bullish global sentiments"
3- On 04-01-2011 in Mid-Session-2:- Follow up selling seen today and more down move possibilities can not be ruled out.
Rally begun after genuine buying on 28-12-2010 and selling seen during up moves as well as last 2 days selling within 6145-6178 also. As last 2 days selling seen just below next resistance range(6180-6195) also therefore this raesistance strengthened and slipping below 6128 will mean faster down moves begining. Good consolidations requires now to cross 6180.
Nifty traded within 6128-6178 in last 2 sessions with good selling at higher levels and sustaining below 6128 will mean short term correction commencement to test lower levels within 6000-6080.
As good selling at higher levels therefore slipping below 6128 possibility is high to test minimum 6080.
Trading Levels for 05-01-11
Nifty Spot Levels for 05-01-11
R3 6233
R2 6207
R1 6176
AVG 6150
S1 6119
S2 6093
S3 6062
Nifty Jan Futures Levels for 05-01-11
R3 6260
R2 6235
R1 6197
AVG 6172
S1 6134
S2 6109
S3 6071
Bank Nifty Jan Futures Levels for 05-01-11
R3 12198
R2 12074
R1 11843
AVG 11719
S1 11488
S2 11364
S3 11133
R3 6233
R2 6207
R1 6176
AVG 6150
S1 6119
S2 6093
S3 6062
Nifty Jan Futures Levels for 05-01-11
R3 6260
R2 6235
R1 6197
AVG 6172
S1 6134
S2 6109
S3 6071
Bank Nifty Jan Futures Levels for 05-01-11
R3 12198
R2 12074
R1 11843
AVG 11719
S1 11488
S2 11364
S3 11133
NIFTY-JAN F&O-1ST SELLING TRADE OF 04-01-2011-TRADE
NIFTY(JAN FUT-SELL-POSITIONAL)SL-6191-TGT-6114-CMP-6153
NIFTY(JAN PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(JAN FUT)-RATES ARE FOR-SL-6191-TGT-6114FOR ALL OPTIONS-CMP-6153
NIFTY(JAN PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(JAN FUT)-RATES ARE FOR-SL-6191-TGT-6114FOR ALL OPTIONS-CMP-6153
Both Bullish and Bearish formations in a day
Inverse Head and Shoulders formations and Head and Shoulders formations with forceful break out of Neck Lines in both formations
(Just click on chart for its enlarged view)
Inverse Head and Shoulders formations and forceful break out of Neck Line
(Just click on chart for its enlarged view)
Mid-Session-3(04-01-2011)
Some intraday selling seen near 6152(tripple top) as well as some support also seen at 6126(higher bottom formation). Nifty will prepare within 6126-6152 for next moves and final view will be formed after mentioned range break out and sustaing beyond.
Mid-Session-2(04-01-2011)
Follow up selling seen today and more down move possibilities can not be ruled out.
Mid-Session(04-01-2011)
As intraday charts showed genuine selling patterns therefore intraday and very short term correction was projected and seen immediately after opening today. All trends are up and follw up selling requires today for more down move confirmations.
Indian markets slipped into Red despite strong global cues and it is first weakness signal. Let market prepare for next moves and intraday charts complete a formation then will be decided accordingly.
Indian markets slipped into Red despite strong global cues and it is first weakness signal. Let market prepare for next moves and intraday charts complete a formation then will be decided accordingly.
NIFTY-JAN F&O-1ST SHORTING TRADE OF 03-01-2011-COVERING
NIFTY JAN F & O(SHORTED SHORTED ON 03-01-2011)-COVER AND BOOK PROFIT IMMEDIATELY-CMP-6158
NIFTY-JAN F&O-1ST SHORTING TRADE OF 03-01-2011-MESSAGE
NIFTY JAN F & O(SHORTED SHORTED ON 03-01-2011)-GLOBAL MARKETS STRONG TODAY MORNING BUT HOLD AND JUST WAIT FOR MY COVERING MESSAGE
Mnor Intraday or Very Short Term Correction Possible
Pre-Open Market Outlook(04-01-2011)
All trends are up. Nifty traded with most heated sentiments within 6154-6178 yesterday and intraday charts are showing genuine selling formations therefore consolidation is must for sustaining above 6178. All the global markets closed with strong gains and Us markets are also trading more than 1% up at this moment therefore positive opening expected today but Nifty will not sustain above 6178.
Short term indicators are overbought and yesterday intraday charts genuine selling patterns therefore slipping below 6154 will be seen and Red closing expected today despite most bullish global sentiments.
All trends are up. Nifty traded with most heated sentiments within 6154-6178 yesterday and intraday charts are showing genuine selling formations therefore consolidation is must for sustaining above 6178. All the global markets closed with strong gains and Us markets are also trading more than 1% up at this moment therefore positive opening expected today but Nifty will not sustain above 6178.
Short term indicators are overbought and yesterday intraday charts genuine selling patterns therefore slipping below 6154 will be seen and Red closing expected today despite most bullish global sentiments.
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