Post-open Outlook(05-04-2011)

Nifty is trading within mentioned next trend deciding range(5880-5940) since opening today. Sufficient intra day selling patterns requires for any correction and fresh consolidation within this range today will mean begining of fast rally toward 6120.Let market prepare then next decisive moves will be decided according to intra day charts patterns.

Pre-Open Market Outlook(05-04-2011)

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

"Post-closing Report(04-04-2011) & Tomorrow Outlook"

Nifty gained 571 points in last 10 sessions made the top at 5918 yesterday. No intra day selling formations upto yesterday and any  correction will not be possible without this development minimum on intra day charts. As strength of this rally was understood long before therefore following lines were told:-

1- I told for rally minimum target in Post-closing Report(25-03-2011) & Monday Outlook:-

"21st March 2011 started rally minimum target is 5911"


2- For any type of down moves I told following lines in Post-closing Report(28-03-2011) & Tomorrow Outlook:-

"Complete selling patterns are required for any decisive down moves and until that will not happen till then any down move will not be imagined and after 2 months range break out any selling development can not be dreamed also."

3- I told for strength in Pre-Open Market Outlook(29-03-2011)

"Nifty will not sustain below 5580 in worst situations also."

4- I told for bullish market trading policy in Post-open Outlook(29-03-2011)

"5th wave is on and Nifty is trading within resistance range(5700-5900). Market will consolidate at higher levels without any deeper corrections in bullish markets and that will be seen. If having courage then ride on running horse otherwise if will try to stop(shorting) then be prepared for horse kick"

As no significant resistance resistance between 5900-6120 therefore fast rally between this range is a possibility also but sentiment is heated and indicators are overbought therefore intraday charts of today will be watched first for immediate next move confirmations. 5880-5940 crossing and sustaining beyond will be watched for conformation of following next possibilities:-

1- Sustaining below 5880 will mean very short term correction begining.
2- Sustaining above 5940 will mean continuation of rally without any correction as being seen in last 10 sessions.

Next immediate move will be decided after first 2/3 hours intra day charts formations today.

Post-closing Report(04-04-2011) & Tomorrow Outlook

Strong recovery and Nifty crossed crucial resistance range(5700-5900). Intra day charts of most of the Indices and pivotal stocks are showing consolidations patterns and up trend is safe today

Put Call Ratio : 1.09

Advances & Declines:-

NSE ADVANCES : 1257
NSE DECLINES : 177
BSE ADVANCES : 2454
BSE DECLINES : 473

Nifty Open Interest Changed Today:-

Nifty- 5800 CE(28APR2011)- -209950(-5.11%)
Nifty- 5800 PE(28APR2011)- +1213450(+36.21%)

Nifty- 5900 CE(28APR2011)- -582700(-15.40%)
Nifty- 5900 PE(28APR2011)- +1468150(+119.51%)

Closing :-

Nifty- closed at 5908.45(+82.40 Points & +1.41%)
Sensex- closed at 19701.73(+281.34 Points & +1.45% )
CNX MIDCAP- closed at 8226.70(+97.60 Points & +1.20%)
BSE SMALL CAP- closed at 8594.69(+236.50 Points & +2.83%)

Nifty Intra Day Chart of Today:-

Just click on chart for its enlarged view

Tomorrow(05-04-2011) Outlook:

It has been told many times that very short term indicators are overbought and sentiment is heated but until selling patterns will not develop minimum in intraday charts till then correction will not be possible. I again and again told more than 10 times for minimum 5900 and it clearly means that I am expeting levels above 5900.

Next strong resistance is between 6120-6180 but fresh consolidation is also a demand before next rally and it is expected near 5900 tomorrow and then next upmoves will begin within next 2/3 sessions. No selling formations today and if any negative news does not come out then upmoves may be seen in the last hour after some consolidations near 5900.

Nifty Spot-Levels & Trading Strategy for 05-04-2011

Nifty Spot-Levels

R3 6024
R2 5971
R1 5939
Avg 5886
S1 5854
S2 5801
S3 5769

Nifty Spot-Trading Strategy

H6 5994     Trgt 2
H5 5974     Trgt 1
H4 5954     Long breakout
H3 5931     Go Short
H2 5923
H1 5915
L1 5900
L2 5892
L3 5884     Long
L4 5861    Short Breakout
L5 5841     Trgt 1
L6 5821     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 05-04-2011

Nifty(Apr Fut)-Levels

R3 6087
R2 6021
R1 5982
Avg 5916
S1 5877
S2 5811
S3 5772

Nifty(Apr Fut)-Trading Strategy

H6 6049     Trgt 2
H5 6025     Trgt 1
H4 6000     Long breakout
H3 5971     Go Short
H2 5962
H1 5952
L1 5933
L2 5923
L3 5914     Long
L4 5885     Short Breakout
L5 5860     Trgt 1
L6 5836     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 05-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12209.00
R2 12064.00
R1 11974.00
PIVOT 11829.00
S1 11739.00
S2 11594.00
S3 11504.00

Bank Nifty(Apr Fut)-Trading Strategy

H6 12123     Trgt 2
H5 12068     Trgt 1
H4 12013     Long breakout
H3 11948    Go Short
H2 11927
H1 11905
L1 11862
L2 11840
L3 11819     Long
L4 11754     Short Breakout
L5 11699    Trgt 1
L6 11644    Trgt 2

FII Trading Data in Derivatives Segment on 04-Apr-2011

Add caption

FII & DII trading activity in Capital Market Segment on 04-Apr-2011

FII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Apr-2011 2563 1958.49 604.51

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Apr-2011 744.63 1133.96 -389.33

Pre-closing Outlook(04-04-2011)

Nifty is above 5900 today and for this move I clearly told more than 10 times in last one week. Rally is very much on and no selling signals in intraday charts yet.

Pre-Open Market Outlook(04-04-2011)

All trends are up,5th wave is on,Nifty is trading within resistance range(5700-5900) with intraday consolidation patterns for the last 4 sessions. Very short term indicators are overbought and upper band of Bollinger Band is rising with Nifty rally therefore indicating technical requirements for correction.

First of all selling patterns formations in intra day charts and then correction begins and till now no selling patterns therefore any down move will not be considered. Nifty traded range bound between 5815-5840 with intra day consolidation patterns(its details has already been explained with intraday charts in last 3 topics in the Blog) therefore firstly trading between 5840-5900 will be seen after positive opening and close positive today.

Follow up buying today will pave the of strong rally above 5900 and it is also being expected.

Post-closing Report(01-04-2011) & Monday Outlook

Market is as follows after last Friday closing;-

Nifty whole day trading range- 5810-5840
Candle- Doji(confusion)
Intra day trading patterns- Condolidation

Put Call Ratio :1.23

Advances & Declines:-

NSE ADVANCES : 1145
NSE DECLINES :  278
BSE ADVANCES : 2176
BSE DECLINES :  704

Nifty Open Interest Changed:-

Nifty- 5800 CE(28APR2011)- -519850(-10.96%)
Nifty- 5800 PE(28APR2011)- +1285550(+60.57%)

Nifty- 5900 CE(28APR2011)- +1076600(+38.15%)
Nifty- 5900 PE(28APR2011)- +38700(+3.23%)

Closing :-

Nifty- closed at 5826.05(-7.70  Points & -0.13%)
Sensex- closed at 19420.39(-24.83 Points & -0.13% )
CNX MIDCAP - closed at 8129.10 (+88.95 Points & +1.11%)
BSE SMALL CAP- closed at 8358.19(+182.30 Points & +2.23%)

Nifty Intra Day Chart f  of  01-04-2011:-

Just click on chart for its enlarged view

Monday(01-04-2011) Outlook

5th impulsive wave is on and all trends are up.

SENSEX and Nifty closed in Red last Friday  but it is clear from Advances & Declines that broader market was positive as well as CNX MIDCAP and BSE SMALL CAP closed with good gains on Friday. Nifty intraday chart is also suggesting consolidation pattern therefore expected that Nifty will not sustain below last Fridy range and finally fresh up moves will restart within 2/3 sessions. Short term indicators are overbought and heated very short term correction may be possible.

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

Nifty Spot-Levels

R3 5904
R2 5882
R1 5854
Avg 5832
S1 5804
S2 5782
S3 5754

Nifty Spot-Trading Strategy

H6 5876     Trgt 2
H5 5864     Trgt 1
H4 5853     Long breakout
H3 5839     Go Short
H2 5835
H1 5830
L1 5821
L2 5816
L3 5812     Long
L4 5798     Short Breakout
L5 5787     Trgt 1
L6 5775     Trgt 2

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

Nifty(Apr Fut)-Levels

R3 5931
R2 5907
R1 5884
Avg 5860
S1 5837
S2 5813
S3 5790

Nifty(Apr Fut)-Trading Strategy

H6 5908     Trgt 2
H5 5897     Trgt 1
H4 5886     Long breakout
H3 5873     Go Short
H2 5869
H1 5865
L1 5856
L2 5852
L3 5848      Long
L4 5835     Short Breakout
L5 5824     Trgt 1
L6 5813     Trgt 2

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

Bank Nifty(Apr Fut)-Levels

R3 11982
R2 11891
R1 11784
Avg 11693
S1 11586
S2 11495
S3 11388

Bank Nifty(Apr Fut)-Trading Strategy

H6 11876     Trgt 2
H5 11831     Trgt 1
H4 11785     Long breakout
H3 11731     Go Short
H2 11713
H1 11695
L1 11658
L2 11640
L3 11622     Long
L4 11568     Short Breakout
L5 11522     Trgt 1
L6 11477     Trgt 2

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

Nifty Spot-Weekly Levels

R3 6146
R2 6009
R1 5917
Avg 5780
S1 5688
S2 5551
S3 5459

Nifty Spot-Weekly Trading Strategy

H6 6062     Trgt 2
H5 6007     Trgt 1
H4 5951     Long breakout
H3 5888     Go Short
H2 5867
H1 5846
L1 5805
L2 5784
L3 5763     Long
L4 5700     Short Breakout
L5 5644     Trgt 1
L6 5589     Trgt 2

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

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

FII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 01-Apr-2011 2846.21 2430.93 415.28

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Apr-2011 675.95 1088.58 -412.63

Analysis: Nifty Intra Day Chart of 01-04-2011

Just click on chart for its enlarged view

Pre-closing Outlook(01-04-2011)

Nifty traded alomost whole day between 5815-5840 and intraday charts are suggesting consolidations today. Confirmation point will be sustaining above 5840 and until Nifty will not move below 5780 till then any down move will not be imagined.

5700-5900 is resistance range and today consolidation within range bound moves is strong indication of rally above 5900 in next week. I told more than 10 times for moves above5900 in last 6 sessions and follow up buying on Monday will pave the way of forceful rally above 5900 in next week and then next targets above 5900 will also be declared after Monday.

Mid-session Outlook(01-04-2011)

Crude above $107 therefore pressure in Indian markets and trading in negative zone. Although slipped from higher levels today also but no clear selling pattern formed yet. 5815-5840 break out will be watched for next immediate move indication.

Nifty got good support between 5780-5800 yesterday therefore Nifty sustaing above with intraday consolidation patterns today will be next upmove strong confirmation.