Resistances crossed on 13-04-2011

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Nifty-Micro Analysis of 10 Days-Intra Day Chart

It is clear from 10 days intra day chart that Nifty crossed stronger resistance range (5870-5910) and closed above at 5911 on 13-04-2011. Minute resistance is near 5940 and it has no strength.

Wave-5 is on,all trends are up and Nifty by force crossing or sustaining above 5940 tomorrow will confirm strong rally toward minimum 6120.

Post-closing Report(13-04-2011) & 15 Apr 2011 Outlook

Indian markets participated Crude $7 sudden fall fuelled global markets rally and  closed with good gains. Main features are as follows:-

1- Long White Bullish candle.
2- All the sectoral Indices positive closing.
3- Crossed 1st resistance(5830)
4- Traded and closed within immediate last resistance of the rally(5870-5940).

Ratios:

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(13-04-2011):22.43

Advances & Declines:-

BSE ADVANCES : 1973
BSE DECLINES :  975
NSE ADVANCES : 1068
NSE DECLINES :  356

Nifty Open Interest Changed Today:-

Nifty- 5800 CE(28APR2011)- -1428700(-26.60%)
Nifty- 5800 PE(28APR2011)- +1885550(+38.58%)

Nifty- 5900 CE(28APR2011)- -1244900(-19.76%)
Nifty- 5900 PE(28APR2011)- +2905550(+107.84%)

Nifty- 6000 CE(28APR2011)- +152150(+2.05%)
Nifty- 6000 PE(28APR2011)- +1241000(+80.58%)

Closing :-

Nifty- closed at 5,911.50(+125.80 Points & +2.17%)
Sensex- closed at 19,696.86(+434.32 Points & +2.25% )
CNX MIDCAP - closed at 8,349.05(+119.10 Points & +1.45%)
BSE SMALL CAP- closed at 8,823.46(+113.55 Points & +1.30%)

Nifty-Micro Analysis of Intra Day Chart(13-04-2011):-

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15 Apr 2011 Outlook:-

5th Wave is on,Long term and intermediate term trends were up and short term trend turned up after sharp surge on 13-04-2011. Short term correction has been completed and up ward force was so high that market consolidated at higher levels and shoot up. Last resistance range of on going rally is between 5870-5940 and Nifty has cleared this resistance upto 5823 on 13-04-2011.

Correction has been completed in blasting manner and sustaining above 5940 will mean fire works in Indian markets and then Nifty will test minimum 6120 in the coming week/weeks.

Expected that Nifty will sustain above 5940 in the coming week and fresh rally will be seen. For strong rally confirmation  just watch sustaining above 5940 only.

Nifty-Micro Analysis of Intra Day Chart(13-04-2011)

Indian markets participated global markets Crude $7 down rally today. As up move was expected therefore following line was told in Pre-Open Market Outlook(13-04-2011):-

"recovery from lower levels after getting intra day support is possible today"

Although up move was expected after some consolidation but view changed after analysing first half intraday chart and  following lines were told at 09:54AM in Post-open Outlook(13-04-2011):-

"Market showed strength and if Nifty sustains above 5800 today then correction completion will be considered."

As sentiment recovered after sudden Crude price fall therefore sentiment enthused and Indian markets sharply surged after higher levels consolidation and up move was above rising trend line with 5 intraday consolidation patterns. Mentioned all the points were told also in all the 5 outlooks which were posted during trading hours on 13-04-2011.

Intra Day Chart(13-04-2011)

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Intra day consolidation at 5 levels and no distribution pattern on 13-04-2011.

FII Trading Data in Derivatives Segment on 13-Apr-2011

FII & DII trading activity in Capital Market Segment on 13-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 13-Apr-2011 3309.08 3283.48 25.6

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 13-Apr-2011 1230.1 1234.9 -4.8

Nifty Spot-Levels & Trading Strategy for 15-04-2011

Nifty Spot-Levels

R3 6165
R2 6044
R1 5977
Avg 5856
S1 5789
S2 5668
S3 5601

Nifty Spot-Trading Strategy

H6 6104     Trgt 2
H5 6059     Trgt 1
H4 6014     Long breakout
H3 5962     Go Short
H2 5945
H1 5928
L1 5893
L2 5876
L3 5859     Long
L4 5807     Short Breakout
L5 5762     Trgt 1
L6 5717     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 15-04-2011

Nifty(Apr Fut)-Levels

R3 6203
R2 6075
R1 6006
Avg 5878
S1 5809
S2 5681
S3 5612

Nifty(Apr Fut)-Trading Strategy

H6 6141     Trgt 2
H5 6093     Trgt 1
H4 6046     Long breakout
H3 5992     Go Short
H2 5974
H1 5956
L1 5919
L2 5901
L3 5883     Long
L4 5829     Short Breakout
L5 5782     Trgt 1
L6 5734     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 15-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12424
R2 12171
R1 12037
Avg 11784
S1 11650
S2 11397
S3 11263

Bank Nifty(Apr Fut)-Trading Strategy

H6 12302     Trgt 2
H5 12209     Trgt 1
H4 12115    Long breakout
H3 12009     Go Short
H2 11973
H1 11938
L1 11867
L2 11832
L3 11796    Long
L4 11690     Short Breakout
L5 11596     Trgt 1
L6 11503     Trgt 2

Pre-closing(13-04-2011)

As $7 Cheaper Crude therefore excessive filled Jet tanks are flying all the global markets and Indian markets are shooting like rocket. First resistance(5830) is crossed and now travelling within next resistance 5870-5940.

Encouraging news and Strong global cues led rally today and correction is complete after higher levels condolidation. Last hurdle is 5940 and its crossing will mean 6120 fast.As correction is complete today therefore 6120 is expected in the coming week and for confirmation just watch crossing of 5940.

Correction completion possibility was told in all the today outlooks which were started after first half hour today.

Mid-session Outlook-2 (13-04-2011)

Crude price $7 fall fuelled global rally and European markets opened with good gains after all Asian markets lower levels recovery. Nifty is also sustaining above 5830 therefore it is strong indication of completiion of correction and higher levels consolidation  after positive global news and global markets cues.

Today intra day charts are also suggesting strong cues led higher level consolidation therefore correction completion possibility is high now.

Mid-session Outlook(13-04-2011)

As crude price is more than $7 down in last 2 days therefore strong recovery in all the Asian markets and  Indian markets today. Nifty crossed 5830,trading above and sustaining above also will mean clearance of immediate resistance and correction completion confirmation also. Today rally is news based therefore sustaining above first resistance(5830) is must for 100% confirmation.

Post-open Outlook-2(13-04-2011)

Global sentiment changed today after sharp fall in Crude rates therefore US and European futures are positive and all the Asian markets also recovered from lower levels. Sentiment reversed therefore Indian markets recovered and trading positive.

INFTEC audited results & final dividend will be declared on 15-Apr-2011 and market is up in expectation of good results also and Nifty is trading between immediate resistance range and crossing 5830 will be correction completion confirmation.

Post-open Outlook(13-04-2011)

Following line was told in Pre-open Outlook today:-

"recovery from lower levels after getting intra day support is possible today"

Nifty recovered 65 points from lower levels within first half hour today. Market showed strength and if Nifty sustains above 5800 today then correction completion will be considered.

Correction is very much on & Wait for Consolidation

Pre-Open Market Outlook(13-04-2011)

All the Asian markets were down yesterday and SGX Nifty is trading 50 points down today therefore anyone can say for today weak Indian markets after getting negative cues but today weakness was proved at 05:45PM on 11-04-2011 through Nifty-Micro Analysis of Intra Day Chart(11-04-2011). Today weak Indian market was clearly told even before the declaration of FII & DII trading figures on that day.

Whatsoever will happen today,has alreay been told in all the outlooks posted on 11-04-2011 now today first intraday levels have to be decided which are as follows:-

1st trading range- 5730-5760

Technicals and correction levels have already been posted therefore just click following link which was posted on 10-04-2011 and go through topic to understand Indian markets present technical positions and retracement levels:-

Firstly Correction and then Consolidation Before Decisive Rally

Correction is on and in this process next possibilitis and watching levels are as follows:-

1- Expected that Nifty will not finally sustain below 5561
2- 200 Day EMA is today at 5610 and also expected that Nifty will not sustain below it.
3- 100 Day EMA is today at 5669 and will be watched for supports getting possibility.
4- 55 Day EMA is today at 5647 and also will be watched for supports getting possibility.
5- 1st Gap will give support(5529-5561)

Short term trend is down. Long term and Intermediate term trendS are up and will be down after sustaining below 5610 and 5647 respectively.

Weak market and negative closing expected with intra day voltality and recovery from lower levels after getting intra day support is possible today.

Following lines have been told many times since previous week and being repeated again:-

Correction is on,it will take its own time in this process,let it complete and consolidation start then up moves and long positions will be considered.

Miracles of  "Intra  Day  Charts 
Micro - Analysis  Predictions " 
are Available Only In This Blog 

Post-closing Report(11-04-2011) & 13 Apr 2011 Outlook

Correction was told daily in last week and also told weak Indian markets in those 7 topics which were posted for this week trading in last 3 days. Although Business News Channels were telling for positive IIP above 5.2% but Weak market was told in Post-open Outlook before the announcement of IIP Data when Nifty was at 5819.

Main features of today trading are as follows

1- Gap down
2- Trading Range- 5785-5830
3- Selling patterns between- 5792-5830
4- Panic selling by retailers after Japan Quake news therefore minor support possible in last 1 hour.
5- Red Bearish Candle
6- Closing near lows after whole day selling.


Ratios:

Nifty Put Call Ratio:0.98
Nifty P/E Ratio(08-04-2011):22.18

Advances & Declines

BSE ADVANCES :1110
BSE DECLINES :1786
NSE ADVANCES : 441
NSE DECLINES : 976

Nifty Open Interest Changed Today

Nifty- 5700 CE(28APR2011)- +126450(+4.83%)
Nifty- 5700 PE(28APR2011)- +466000(+7.20%)

Nifty- 5800 CE(28APR2011)- +874000(+19.43%)
Nifty- 5800 PE(28APR2011)- -398550(-7.33%)

Nifty- 5900 CE(28APR2011)- -55400(-0.87%)
Nifty- 5900 PE(28APR2011)- -532200(-16.30%)

Closing 

Nifty- closed at 5,785.70(-56.30 Points & -0.96%)
Sensex- closed at 19,262.54(-188.91 Points & -0.97%)
CNX MIDCAP - closed at 8,229.95(-58.35 Points & -0.70%)
BSE SMALL CAP- closed at  8,709.91(-62.64 Points & -0.71%)

Nifty-Micro Analysis of Intra Day Chart(11-04-2011):-

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13 Apr 2011 Outlook

Selling proved in previous week between 5855-5945 and follow up selling between 5792-5830 today and no consolidation pattern today except last 1 hour intraday support possibility due to  retailers panic selling after Japan Quake news.

Opening will depend on global sentiments but expected that Nifty will finally sustain below 5800 and weak markets expected. Market require complete consolidation after mentioned selling and until that will not happen till then Indian markets will not move up.

Correction is on and let it complete then rally will begin therefore will be better to wait for completion of correction and consolidation process. Technicals and correction levels have already been posted therefore just click and go through following topic to understand Indian markets present technical positions:-

Firstly Correction and then Consolidation Before Decisive Rally

FII Trading Data in Derivatives Segment on 11-Apr-2011

FII & DII trading activity in Capital Market Segment on 11-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 11-Apr-2011 1997.6 2688.82 -691.22

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Apr-2011 957.47 693.66 263.81

Nifty-Micro Analysis of Intra Day Chart(11-04-2011)

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Intraday Charts showed selling patterns whole day. Weak market was told in all the yesterday outlooks and also told immediately after opening in Post-open and Mid-session Outlooks.

Micro-Analysis of previous Week Intra Day Chart was posted with clearly showing intra day selling ranges. Follow up selling today is indicating more down moves in the coming sessions.

Pre-closing(11-04-2011)

As per News channels Japan has taken back tsunami warning

Although Indian markets are technically weak but panic selling due to this news can not be advised.

Traders usually sells after such news and big players sometimes buy and cover their shorts therefore no panic selling and just wait and understand technical positions and fresh shorting should be done after fresh distribution patterns.

7.1 magnitude quake hits Japan, tsunami warning issued

SENDAI, JAPAN: A magnitude-7.1 aftershock has rattled Japan on the one-month anniversary of a massive earthquake that spawned a deadly tsunami.

The epicentre is close to the nuclear plant crippled by the tsunami a month ago. The US geological survey said the 7.1 magnitude onshore quake hit with a depth of just 10 kilometres (six miles), its epicentre 86 kilometres south-southeast of Fukushima city.

Japan's meteorological agency issued a tsunami warning saying a one-metre (three feet) wave could hit Ibaraki prefecture, the area worst hit by last month's massive tsunami.

A wave half a metre high was expected in Fukushima prefecture.

Narita airport temporarily closed a runway following the quake for safety checks.