Opening expected between 5680-5716 and this range will be watched also for next immediate moves confirmations. Correction is on and long positions should be created after confirm support and base formation minimum on intra day levels.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-closing Report(18-04-2011) & Tomorrow Outlook
Main features of today market is as follows:-
1- Long Red Candle
2- Selling between 5870-5890
3- Last 4 hours down move in Water Fall Pattern and it is bullish Formation
4- All Indices closed in Red
5- Higher levels selling and lower levels buying patterns in intra day chart.
Ratios:
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(18-04-2011): 21.66
Advances & Declines:
BSE ADVANCES : 1075
BSE DECLINES : 1844
NSE ADVANCES : 374
NSE DECLINES : 1040
Nifty Open Interest Changed Today:-
Nifty- 5700 CE(28APR2011)- +1674650(+69.73%)
Nifty- 5700 PE(28APR2011)- +391450(+5.40%)
Nifty- 5800 CE(28APR2011)- +2412350(+48.73%)
Nifty- 5800 PE(28APR2011)- -167200(-3.31%)
Nifty- 5900 CE(28APR2011)- +1117150(+18.96%)
Nifty- 5900 PE(28APR2011)- -593750(-17.96%)
Closing :-
Nifty- closed at 5,729.10(-95.45 Points &-1.64%)
Sensex- closed at 19,091.17(-295.65 Points & -1.53% )
CNX MIDCAP - closed at 8,197.30(-120.55 Points & -1.45%)
BSE SMALL CAP- closed at 8,737.06(-71.10 Points & -0.81%)
Nifty-Micro Analysis of Intra Day Chart(18-04-2011):-
 |
| Just click on chart for its enlarged view |
Correction is on and lower levels consolidation patterns in last 2 sessions:-
1- Falling Wedge(Bullish) Pattern on 15-04-2011
2- Water Fall(Bullish) Pattern on 18-04-2011
As lower levels consolidation patterns therefore only correction and Bear market possibility is negligible.
US markets are trading more than 1.5% down today and such weak closing will certainly hamper the sentiment tomorrow therefore and expected that in that situation most of the Asian markets will be weak and Indian markets gap sown opening possibility can not be ruled out tomorrow. Following levels testing possibility is also on in on going correction:-
1- 5716
2- 5680
2- 5651
3- 5561
Slipping is very much possible in tomorrow like market and above mentilned levels will be watched for correction completion confirmationans;-
1- Firstly stopping of down move
2- after that minimum intra day consolidation and then
3- crossing minimum 1 resistance will be next upmove confirmation.
Nifty-Micro Analysis of Intra Day Chart(18-04-2011)
 |
| Just click on chart for its enlarged view |
1- Selling between 5870-5890
2- Last 4 hours down move in Water Fall Pattern and it is bullish Formation
Conclusions
Same patterns in most of the Indices intraday charts of today. Higher levels selling and last 4 hours Water Fall consolidation patterns between 5790-5725 today. Although 5736 broken down but with consolidation pattern therefore fresh selling is required within 5790-5725 or below for down move confirmaions and fresh consolidation near or above 5700 will mean sharp rally.
All trends are up and today down move is on going correction. Today intraday charts are suggesting consolidation signals and follow up buying in the coming sessions will mean possibility of sharp rally. Highly volatile markets between 5725-5940 in last 5 sessions without one sided patterns and let market prepare for one side moves then final conclusions will be drawn.
As per my view All trends are up,last 8 session moves are short term correction and after its completion sharp rally will be seen.
FII & DII trading activity in Capital Market Segment on 18-Apr-2011
| ||||||||||||||||
| ||||||||||||||||
Nifty Spot-Levels & Trading Strategy for 19-04-2011
R3 6018
R2 5957
R1 5843
Avg 5782
S1 5668
S2 5607
S3 5493
Nifty Spot-Trading Strategy
H6 5904 Trgt 2
H5 5864 Trgt 1
H4 5825 Long breakout
H3 5777 Go Short
H2 5761
H1 5745
L1 5712
L2 5696
L3 5680 Long
L4 5632 Short Breakout
L5 5593 Trgt 1
L6 5553 Trgt 2
Nifty(Apr Fut)-Levels & Trading Strategy for 19-04-2011
R3 6054
R2 5987
R1 5861
Avg 5794
S1 5668
S2 5601
S3 5475
Nifty(Apr Fut)-Trading Strategy
H6 5929 Trgt 2
H5 5885 Trgt 1
H4 5842 Long breakout
H3 5789 Go Short
H2 5771
H1 5753
L1 5718
L2 5700
L3 5682 Long
L4 5629 Short Breakout
L5 5586 Trgt 1
L6 5542 Trgt 2
Bank Nifty(Apr Fut)-Levels & Trading Strategy for 19-04-2011
R3 12214
R2 12077
R1 11826
Avg 11689
S1 11438
S2 11301
S3 11050
Bank Nifty(Apr Fut)-Trading Strategy
H6 11963 Trgt 2
H5 11876 Trgt 1
H4 11788 Long breakout
H3 11681 Go Short
H2 11646
H1 11610
L1 11539
L2 11503
L3 11468 Long
L4 11361 Short Breakout
L5 11273 Trgt 1
L6 11186 Trgt 2
Pre-closing Outlook(18-04-2011)
As Dow's futures is trading more than 40 points down therefore all the global markets showed weakness. Nifty slipped below 5736 and trading below also but last 4 hours intra day charts are not suggesting genuine selling therefore if Nifty will sustain below 5736 tomorrow then that will be deeper correction confirmation.
Highly volatile markets and trend will be confirmed through sustaining beyond only.
Mid-session Outlook-3(18-04-2011)
All the Asian markets slipped from higher levels and closed flat to negative and European markets also opened in Red but Indian markets under performed all and 1.5% down. 5800 broken down forcefully and Nifty sustained below as well. Nifty slipped below 5736 a short while ago and if sustains below then it will be deeper correction confirmation.
Market is down but patterns are not suggesting genuine selling therefore therefore deeper correction confirmation level is sustaining below 5736.
Market is down but patterns are not suggesting genuine selling therefore therefore deeper correction confirmation level is sustaining below 5736.
Mid-session Outlook-2(18-04-2011)
Highly volatile markets therefore in all the outlooks I gave the condition of sustaining above 5875 for rally confirmation. Nifty could not sustain above 5875 and slipped sharply.
It will be better to draw final conclusions in highly volatile markets from sustaining beyond and present range is sustaining beyond 5800-5875
It will be better to draw final conclusions in highly volatile markets from sustaining beyond and present range is sustaining beyond 5800-5875
Mid-session Outlook(18-04-2011)
Positive Market on 18-04-2011
Intra day patterns of last Friday showed lower level support and bullish pattern also therefore Nifty will not dip and will firstly trade between 5810-5875. As minor correction has been completed and bullish intraday pattern(Falling Wedge) also last Friday therefore firstly fresh consolidations and follow up buying between 5810-5875 will be seen after positive opening next Monday
Just verify above lines(which were told 2 days before) from today market and that will prove that today story was written 2 days before.
Following topics were also posted in last 2 days just go through for guidance and confirmation of Indian markets:-
1- Two Positive Formation in Weekly Chart
2- Weekly Outlook(18-04-2011 to 21-04-2011)
Sustaining above 5875 will be first strong indication of Bull rally and crossing 5945 will be confirmation of fast 6120
Post-open Outlook(18-04-2011)
Positive Market on 18-04-2011
Intraday patterns of last Friday showed lower level support and bullish pattern also therefore Nifty will not dip and will firstly trade between 5810-5875. As minor correction has been completed and bullish intraday pattern(Falling Wedge) also last Friday therefore firstly fresh consolidations and follow up buying between 5810-5875 will be seen after positive opening next Monday
Just verify above lines(which were told 2 days before) from today market and that will prove that today story was written 2 days before.
Nifty is trading at 5875 and sustaining above today will mean sharp rally.
Weekly Outlook(18-04-2011 to 21-04-2011)
Corrective Sub Wave-F of Wave-5 is on after Sub Wave-E fast 596 points gains in 13 sessions. All trends are up therefore Bullish market is very much alive. Indian markets reacted sharply on vews in previous week, firstly 125.80 points sharp surge on sudden $7 fall and after that 86.95(61.8%) Points down on so called INFY below expectation results. Nifty traded between 5736-5944 in last 2 weks and this range break out will give following conclusions:-
1- Sustaining above 5944 will mean rally after correction completion to test minimum 6120 fast.
2- Sustaining below 5736 will mean correction continuation to test 5651/5561.
Wave-5 Sub Waves with immediate Support & Resistance
 |
| Just click on chart for its enlarged view |
1- Negative news of Inflation rise,Crude rates rise again and sharp fall after Infy results.As per my view INFY over reacted after results and closed 9.58% down after announcing good results and guidance
2- Positive technical formations are as follows:-
a- Falling Wedge(Bullish) Pattern between 5850-5812 on 15-04-2011.
b- Weekly MACD Line Positive Cross Over and its means long up trend formation possibility.
c- Continuation Pattern 'Pennant'Formations and its means continuation of on going trend which is Up Trend. Falling trend line(5940) cross-over will be its confirmation.
Conclusions (After Putting All Studies Together)
Wave-5 is on After 'ABC' Correction Completion Chart
 |
| Just click on chart for its enlarged view |
Most Asian markets showed consolidation patterns therefore good sentiment expected Monday morning after positive trading Asian markets as well as Green opening also expected in Indian markets and Nifty will trade between first between 5800-5875.
Falling Wedge(Bullish) Pattern between 5850-5812 and buying between 5808-5826 seen on 15-04-2011 therefore any down move will be considered after sustaining below 5808 and for this fresh commencement of selling required between 5800-5875 on 18-04-2011. Any down move or voltality may be possible between 5736-5944 but Two Positive Formation in Weekly Chart therefore until complete selling will not develop between 5736-5944 till then any down move will not be possible.
Wave-5 is on after 'ABC' correction completion,intraday charts signalling consolidations and weekly charts positive developments also therefore consolidation begining and positive closing expected in the coming week. As some selling also last Friday therefore 5800/5736 will be watched for more correction confirmation. Crossing 5875 and sustaining above 5944 will be confirmation of 6120 fast.
As mixed intra day patterns after INFY led steep fall last Friday therefore confirmations are must. As soon as trend will clear then will be posted accoedingly in the coming sessions.
Corrective Sub Wave-F of Wave-5
 |
| Just click on chart for its enlarged view |
Two Positive Formation in Weekly Chart
 |
| Just click on chart for its enlarged view |
1- MACD Line Positive Cross Over
2- Continuation Pattern 'Pennant'Formations
That correction is on which was started on Diwali 2010 and Continuation Pattern 'Pennant'Formation has been developed therefore expected that finally upward cross over after crossing Falling Trend line will be seen.
Falling Trend line is at 5940 and Nifty could not moves above it in previous and retraced. Consolidation in the begining of coming week will be strong possibility of crossing 5940 and strong rally toward minimum upto 6120.
Weekly MACD line cross over means strong move possibility and positive cross over had been in last weeks therefore technically Indian markets are well prepared for that rally which is very much possible in the coming weeks.
Positive Market on 18-04-2011
Post-closing Report(15-04-2011) & Monday Outlook
INFY over reacted after results today and closed 9.58% down after announcing good results and guidance. Maeket sharply down immediately after inflation rise news and Banks stocks also beaten down as well. Other features are as follows:-
1- Bearish Harami Candle
2- Falling Wedge(Bullish) Pattern between 5850-5812
3- Most of the Indices closed in Red
4- Higher levels selling and lower levels buying seen in intra day chart.
Ratios:
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(15-04-2011): 22.02
Advances & Declines:
BSE ADVANCES : 1276
BSE DECLINES : 1630
NSE ADVANCES : 515
NSE DECLINES : 894
Nifty Open Interest Changed Today:-
Nifty- 5800 CE(28APR2011)- +1122450(+29.04%)
Nifty- 5800 PE(28APR2011)- -822450(-12.29%)
Nifty- 5900 CE(28APR2011)- +1142850(+23.07%)
Nifty- 5900 PE(28APR2011)- -2027050(-37.09%)
Closing :-
Nifty- closed at 5,824.55(-86.95 Points & -1.47%)
Sensex- closed at 19,386.82(-310.04 Points & -1.57% )
CNX MIDCAP - closed at 8,317.85(-31.20 Points & -0.37%)
BSE SMALL CAP- closed at 8,808.16(-15.30 Points & -0.17%)
Nifty-Micro Analysis of Intra Day Chart(15-04-2011):-
Monday(18-04-2011) Outlook
All trends are up and last Friday 86.95 Points down was 61.8% correction of one day before 125.80 sharp surge. Intraday patterns of last Friday showed lower level support and bullish pattern also therefore Nifty will not dip and will firstly trade between 5810-5875. As minor correction has been completed and bullish intraday pattern(Falling Wedge) also last Friday therefore firstly fresh consolidations and follow up buying between 5810-5875 will be seen after positive opening next Monday and Most of the time positive market and finally Green Closing expected as well.
For detailed intra day chart analysis of last Friday just click go through following topic:-
Nifty-Micro Analysis of Intra Day Chart(15-04-2011)
(Detailed analysis will be posted within next 2 days in Weekly Outlook(18-04-2011 to 21-04-2011) and other analytical topics)
INFY over reacted after results today and closed 9.58% down after announcing good results and guidance. Maeket sharply down immediately after inflation rise news and Banks stocks also beaten down as well. Other features are as follows:-
1- Bearish Harami Candle
2- Falling Wedge(Bullish) Pattern between 5850-5812
3- Most of the Indices closed in Red
4- Higher levels selling and lower levels buying seen in intra day chart.
Ratios:
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(15-04-2011): 22.02
Advances & Declines:
BSE ADVANCES : 1276
BSE DECLINES : 1630
NSE ADVANCES : 515
NSE DECLINES : 894
Nifty Open Interest Changed Today:-
Nifty- 5800 CE(28APR2011)- +1122450(+29.04%)
Nifty- 5800 PE(28APR2011)- -822450(-12.29%)
Nifty- 5900 CE(28APR2011)- +1142850(+23.07%)
Nifty- 5900 PE(28APR2011)- -2027050(-37.09%)
Closing :-
Nifty- closed at 5,824.55(-86.95 Points & -1.47%)
Sensex- closed at 19,386.82(-310.04 Points & -1.57% )
CNX MIDCAP - closed at 8,317.85(-31.20 Points & -0.37%)
BSE SMALL CAP- closed at 8,808.16(-15.30 Points & -0.17%)
Nifty-Micro Analysis of Intra Day Chart(15-04-2011):-
 |
| Just click on chart for its enlarged view |
All trends are up and last Friday 86.95 Points down was 61.8% correction of one day before 125.80 sharp surge. Intraday patterns of last Friday showed lower level support and bullish pattern also therefore Nifty will not dip and will firstly trade between 5810-5875. As minor correction has been completed and bullish intraday pattern(Falling Wedge) also last Friday therefore firstly fresh consolidations and follow up buying between 5810-5875 will be seen after positive opening next Monday and Most of the time positive market and finally Green Closing expected as well.
For detailed intra day chart analysis of last Friday just click go through following topic:-
Nifty-Micro Analysis of Intra Day Chart(15-04-2011)
(Detailed analysis will be posted within next 2 days in Weekly Outlook(18-04-2011 to 21-04-2011) and other analytical topics)
Nifty-Micro Analysis of Intra Day Chart(15-04-2011)
 |
| Just click on chart for its enlarged view |
intraday Selling seen between 5850-5875 and minor intraday support also betwen 5808-5826.therefore Nifty will move between both ranges first.
As I told same happened and Nifty traded within mentioned range upto closing today. Both type of following bullish and bearish formation today:-
1- Bearish Harami Candle and selling between 5850-5875
2- Falling Wedge(Bullish) Pattern between 5850-5812 and buying between 5808-5826
As intraday resistance at higher levels and intraday support at lower level therefore firstly market has to open,trade and prepare within today intraday trading range(5800-5875) for decisive moves and that will be done within today trading range in the begining of next week.
Trading within today range will be watched first in the brgining of next week to decide break out direction and will also be tried to post final conclusions in the Blog as done today and also being done daily in Mid-session Outlooks.
(Detailed analysis will be posted within next 3 days in Post-closing Report(15-04-2011) & Monday Outlook,Weekly Outlook(18-04-2011 to 21-04-2011) and other analytical topics)
FII & DII trading activity in Capital Market Segment on 15-Apr-2011
| ||||||||||||||||
| ||||||||||||||||
Nifty Spot-Levels & Trading Strategy for 18-04-2011
R3 5986
R2 5946
R1 5885
Avg 5845
S1 5784
S2 5744
S3 5683
Nifty Spot-Trading Strategy
H6 5925 Trgt 2
H5 5902 Trgt 1
H4 5879 Long breakout
H3 5851 Go Short
H2 5842
H1 5833
L1 5814
L2 5805
L3 5796 Long
L4 5768 Short Breakout
L5 5745 Trgt 1
L6 5722 Trgt 2
Subscribe to:
Posts (Atom)