FII & DII trading activity in Capital Market Segment on 27-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 27-Apr-2011 2153.06 2864.92 -711.86

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Apr-2011 1553.4 1254.12 299.28

Nifty-Micro Analysis of Intra Day Chart(27-04-2011)

Just click on chart for its enlarged view

Main features of today trading are as follows:-

1- Indian markets slipped from higher levels but patterns are not pure selling but consolidation signals also between 5855-5884 and 5835-5848.
2- Water Fall(Bullish) Pattern between 5850-5820
3- Lower level support between 5820-5829

Lower levels support formations and Water Fall(Bullish) Pattern are suggesting stopping of down move near 5820 but mixed patterns between 5835-5884 and previous day genuine selling between(5874-5912) are telling for consolidation requirement for any up move.

Lower level supports and higher level resistances are suggesting that Indian markets are not ready for any side moves and will prepare for next moves between 5800-5900 in the coming sessions.

Nifty Spot-Levels & Trading Strategy for 28-04-2011

Nifty Spot-Levels

R3 5950
R2 5921
R1 5877
Avg 5848
S1 5804
S2 5775
S3 5731

Nifty Spot-Trading Strategy

H6 5906     Trgt 2
H5 5889     Trgt 1
H4 5873     Long breakout
H3 5853     Go Short
H2 5846
H1 5839
L1 5826
L2 5819
L3 5812     Long
L4 5792     Short Breakout
L5 5776     Trgt 1
L6 5759     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 28-04-2011

Nifty(Apr Fut)-Levels

R3 5970
R2 5937
R1 5886
Avg 5853
S1 5802
S2 5769
S3 5718

Nifty(Apr Fut)-Trading Strategy

H6 5920     Trgt 2
H5 5901     Trgt 1
H4 5882     Long breakout
H3 5859     Go Short
H2 5851
H1 5843
L1 5828
L2 5820
L3 5812     Long
L4 5789     Short Breakout
L5 5770     Trgt 1
L6 5751     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 28-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12143
R2 12054
R1 11929
Avg 11840
S1 11715
S2 11626
S3 11501

Bank Nifty(Apr Fut)-Trading Strategy

H6 12018     Trgt 2
H5 11970     Trgt 1
H4 11921    Long breakout
H3 11862     Go Short
H2 11843
H1 11823
L1 11784
L2 11764
L3 11745     Long
L4 11686    Short Breakout
L5 11637     Trgt 1
L6 11589     Trgt 2

Pre-closing Outlook(27-04-2011)

Following line was told in Mid-session Outlook today:-

"intraday support possibility between 5820-5829 will be watched today"

Today lowest is 5819.95 and Nifty recovered after getting intra day support within 5820-5829 and traded between 5840-5850.

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

1- "As genuine selling between 5880-5912 therefore complete consolidation is required today to cross 5912"
2- "As per my view Indian markets will consolidate in the coming couple of sessions"

Although Indian markets are trading in Red since opening but intraday patterns are mixed today and consolidation signals also visible in intra day charts. Market is preparing for next moves between 5800-5900 and final view will be formed from coming sessions intra day formations analysis.

Mid-session Outlook (27-04-2011)

Although market was positive and trading in green but today weakness was clearly told in first half hour in Post-open Outlook and also gave profit booking confirmation levels. Nifty rallied 102 points yesterday and its 61.8% retracement level is 5829,intraday correction is on and Nifty is hovering around 5829 for the last 15 minutes and also slipped to 5823.40. 70.7% retracement level is 5820 and intraday support possibility between 5820-5829 will be watched today

Post-open Outlook(27-04-2011)

Indian market opened good but showed weakness and slipped below mentioned Genuine Selling range(5880-5912) but Final conclusion will be drawn from sustaining beyond this range. Indian markets will prepare for next moves near about this range in the coming couple of sessions. Next moves confirmation points are as follows:-

1- Moving above 5912 require complete consolidation and that will take couple of sessions.
2- Nifty sustaining below 5980 will be profit booking confirmation.
3- Next move first indication range is 5865-5905

Pre-Open Market Outlook(27-04-2011)

5th wave is on,All trends are up, Nifty retraced from 5900 in this month but rebounded also from 5700. Last one month range is 5700-5900 and good support as well as consolidation between 5850-5900 and next resistances are as follows:-

1- 5880-5912 (Genuine Selling on 21-04-2011.)
2- 5905-5944(Weak resistance)

As genuine selling between 5880-5912 therefore complete consolidation is required today to cross 5912 and once sustaining above 5912 will mean strong possibility of crossing all the resistances and begining of strong rally toward minimum 6120 and follow up buying today will open the gate today.

Positive global cues therefore Nifty will open and firstly trade within mentioned 1st resistance(5880-5912), as sentiment is heated therefore profit booking possibility will also be kept in mind.

As per my view Indian markets will consolidate in the coming couple of sessions and this time Nifty will cross 5940 and start journey toward minimum 6120. For precaution just watch sustaining above 5912.

Post-closing Report(26-04-2011) & Tomorrow Outlook

Main features of today trading are as follows:-

1- Bullish Hammer Candle
2- Flat closing after recovering from whole day loss.
3- Nifty got support at 5792 within immediate support range 5785-5812
4- Strong indication of correction completion after last 2 selling within 5874-5912

Ratios:

Nifty Put Call Ratio: 0.94
Nifty P/E Ratio(01-04-2011): 21.91

Advances & Declines:

BSE ADVANCES : 1265
BSE DECLINES : 1601
NSE ADVANCES :  588
NSE DECLINES :  810

Nifty Open Interest Changed Today:-

Nifty- 5800 CE(28APR2011)- +543650(+14.29%)
Nifty- 5800 PE(28APR2011)- +269800(+3.71%)

Nifty- 5900 CE(28APR2011)- +1398600(+20.23%)
Nifty- 5900 PE(28APR2011)- -1225450(-17.06%)

Closing :-

Nifty- closed at 5,868.40(-6.10 Points & -0.10%)
Sensex- closed at 19,545.35(-38.96 Points & -0.20% )
CNX MIDCAP - closed at 8,331.35(+3.80 Points & +0.05%)
BSE SMALL CAP- closed at 8,896.86(-3.04 Points & -0.03%)

Nifty-Micro Analysis of Intra Day Chart(26-04-2011):-

Just click on chart for its enlarged view

Tomorrow(27-04-2011) Outlook

Just click following link to understand complete analysis of present technical position of Indian markets;-

Pre-closing Outlook(26-04-2011)        

Just click following link to understand to understand today intraday patterns conclusion:-

Nifty-Micro Analysis of Intra Day Chart(26-04-2011)

Strong indication of correction completion after last 2 selling and fresh consolidation is required to cross next resistance(5874-5912). As all trends are up and and good consolidation seen today also therefore expected that Indian markets will consolidate tomorrow also and crossing 5912 will be first strong indication of fresh upmove and sustaining above 5940 will be Bull rally confirmation..

Just watch 5940 today for sharp rally confirmation.

Nifty-Micro Analysis of Intra Day Chart(26-04-2011)

Just click on chart for its enlarged view

Firstly 2 hours intra day consolidation between 5792-5812 and then break out and then up move with regular 4 minor intra day consolidation and up move with intact rising trend line and closing. 

Whole day intra day chart is showing sharp rally after good support within previous support(5785-5805). Strength of today support was yold in following words in Mid-session Outlook-2:-

"Nifty moved above 5812 and also trading above for the last half hour. It is positive and if sustains above 5812 today then will be first strong indication of today started correction completion"

"Today intra day chart is giving confirmation to today started correction completion"

Nifty Spot-Levels & Trading Strategy for 27-04-2011

Nifty Spot-Levels

R3 6012
R2 5952
R1 5910
Avg 5850
S1 5808
S2 5748
S3 5706

Nifty Spot-Trading Strategy

H6 5971     Trgt 2
H5 5947     Trgt 1
H4 5924     Long breakout
H3 5896     Go Short
H2 5886
H1 5877
L1 5858
L2 5849
L3 5839     Long
L4 5811     Short Breakout
L5 5788     Trgt 1
L6 5764     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 27-04-2011

Nifty(Apr Fut)-Levels

R3 6575
R2 6241
R1 6061
Avg 5727
S1 5547
S2 5213
S3 5033

Nifty(Apr Fut)-Trading Strategy

H6 6441     Trgt 2
H5 6302     Trgt 1
H4 6163     Long breakout
H3 6022     Go Short
H2 5975
H1 5928
L1 5833
L2 5786
L3 5739     Long
L4 5598    Short Breakout
L5 5459     Trgt 1
L6 5320     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 27-04-2011

Bank Nifty(Apr Fut)-Levels

R3 12200
R2 12069
R1 11984
Avg 11853
S1 11768
S2 11637
S3 11552

Bank Nifty(Apr Fut)-Trading Strategy

H6 12118     Trgt 2
H5 12068     Trgt 1
H4 12017     Long breakout
H3 11958     Go Short
H2 11938
H1 11918
L1 11879
L2 11859
L3 11839     Long
L4 11780     Short Breakout
L5 11729     Trgt 1
L6 11679    Trgt 2

FII Trading Data in Derivatives Segment on 26-Apr-2011

26-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 26-Apr-2011 2334.31 2888.34 -554.03

DII trading activity on NSE and BSE in Capital Aprket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Apr-2011 1106.75 944.94 161.81

Pre-closing Outlook(26-04-2011)

Following line was told in Pre-Open Market Outlook today:-

"Next support range is between 5785-5805"

Down move stopped between mentioned support range at 5792.05 and recovered after 2 hours range bound trading within 5792-5812. Strong up move seen above 5812. Following lines must be kept in mind which were told in Pre-Open Market Outlook today:-

"All trends are up,weekly MACD has given rally confirmation and Pennant pattern formation is also giving confirmation to continuation on going bullish. It is clear that Indian markets are technically well prepared for rally but intra day charts of last 2 sessions are showing distribution patterns therefore very short term down move is due and will be seen today." 

Predicted down move seen and also stopped in predicted support range. Support and resistances between 5785-5912 are as follows:-

Support-5785-5812
Resistance- 5874-5912

Crucial levels and ranges are as follows:-

1-Next moves preparation range-5812-5874
2- Up move confirmation 1st level- 5874
3- Strong rally confirmation 2nd level- 5912
4- Down move confirmation 1st level- 5812
5- Deep correction confirmation 2nd level- 5785

Levels have been given for any type of move confirmation but should be kept in mind that expeted correction had been due after last 2 sesions selling and completed today after 2 hours consolidation between 5785-5812

Sharp recovery seen from lower levels today and expected that Nifty will first trade between 5850-5912 and voltality may be high also. Expected that Nifty will finally cross 5912/5940 in the coming sessions after some more consolidation within above mentioned ranges.

Mid-session Outlook-2(26-04-2011)

Nifty moved above 5812 and also trading above for the last half hour. It is positive and if sustains above 5812 today  then will be first strong indication of today started correction completion.

Mid-session Outlook(26-04-2011)

Higher levels intraday selling in 2 last sessions,today down moves and following line for today trading has already been told in previous outlooks:-

"Next support range is between 5785-5805 therefore Nifty will first trade between 5805-5880 today"

Down move stopped between mentioned support range at 5792.05 and since then Nifty is trading within 5792-5812 and preparing for next moves. Next moves confirmation range is 5785-5812.Let Indian markets prepare for next moves within mentioned range and sustaining beyond will give following conclusions:-

1- Above 5812- will mean very short term correction completion and testing of resistances near 5900

2- Below 5792- will mean short term correction continuation and testing of supports near 5700

Conclusions from coming hours intraday charts will be drawn and posted accordingly. As selling signals are being seen in last 1 hour intra day chart therefore view is cautious but confirmation is required. Market is required complete buying or selling within mentioned range for any side decisive moves,let this process complete then final concludions will be drawn.

Live proofs are available in yesterday outlooks that whatsoever down moves are being seen in Indian markets today all that I told non stop in all the Mid-session Outlooks yesterday. Not only today but this fact can be verified from my previous outlooks that Indian markets next moves are always predicted well before its begining in this Blog. 

Post-open Outlook(26-04-2011)

Sharp down after weak opening today and it is weakness confirmation. Next support range is between 5785-5805 and will be watched for next moves confirmations.