5820 was told for watching within first 15 minutes after weakness indication and Nifty is hovering around 5820. Sustaining below 5820 or forceful breaking down of 5820 will be weakness confirmation toward 5700. It will be better to wait and watch 5820 for next moves confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(28-04-2011)
Indian markets ignored strong global cues and slipped immediately after positive opening and trading between last 2 hours trading range(5820-5850). It is confirm weakness indication and 5820 will be watched first and below it down move will be considered.
Pre-Open Market Outlook(28-04-2011)
"Post-closing Report(27-04-2011) & Tomorrow Outlook"
Nifty traded between 5820-5850 in last 2 hours,got support and also closed within this range yesterday. Support between 5820-5829 was told at 01:52:00 PM yesterday and Nifty consolidated between this range and recovered after forming low at 5819.95 therefore this range is good support.
Sentiment is positive today morning after Green global markets and Indian markets got lower levels support yesterday therefore Nifty will open and firstly trade between 5845-5885 and prepare for next moves. More consolidation is required to cross next resistance range(5874-5912).
Technical reasons for bullish views have already been posted in previous outlooks and today follow up buying after yesterday lower levels support will pave the way of crossing 5912 and it is expected also.
Positive opening,most of the time trading between 5845-5885 and Green closing expected today.
Post-closing Report(27-04-2011) & Tomorrow Outlook
Main features of today trading are as follows
1- Nifty Put Call Ratio is at the month lowest at 0.82 today.
2- Black Candle in Nifty and Sensex
3- CNX MIDCAP and BSE SMALL CAP closed flat.
4- Higher level selling indications but support at lower levels also.
Ratios
Nifty Put Call Ratio: 0.82
Nifty P/E Ratio(27-04-2011):21.79
Advances & Declines
BSE ADVANCES :1297
BSE DECLINES :1589
NSE ADVANCES : 565
NSE DECLINES : 839
Nifty Open Interest Changed Today
Nifty- 5800 CE(28APR2011)- +2102250(+51.64%)
Nifty- 5800 PE(28APR2011)- -180200(-2.55%)
Nifty- 5900 CE(28APR2011)- +2497950(+30.87%)
Nifty- 5900 PE(28APR2011)- -236650(-4.16%)
Closing
Nifty- closed at 5,833.90(-34.50 Points &-0.59%)
Sensex- closed at 19,448.69(-96.66 Points &-0.49% )
CNX MIDCAP - closed at 8,338.95(+7.60 Points & +0.09%)
BSE SMALL CAP- closed at 8,897.04(+0.18 Points & +00.00%)
Nifty-Micro Analysis of Intra Day Chart(27-04-2011):-
Tomorrow(28-04-2011) Outlook
Crucial points are as follows
1- Higher levels selling between 5880-5912 on 21-04-2011.
2- Genuine selling between 5874-5905 on 25-04-2011
3- Support between 5792-5812 on 26-04-2011
4- Today Intra Day Charts are concluding mixed formations despite Red closing,detailed analysis is given in Nifty-Micro Analysis of Intra Day Chart.
All the indices are showing mixed patterns today and in the same manner most pivotal stocks are also not one sided,when some are showing buying then others are indicating selling also.
As supports at lower levels and resistances at higher level therefore Indian markets will first prepare between 5800-5900 tomorrow for next moves and then decisive moves will be seen in the coming week.Next move confirmation range is 5792-5912 and:-
1- sustaining above 5912 will mean clearance of strong resistances and begining of sharp rally.
2- sustaining below 5792 will mean correction minimum upto 5693 after tripple top(Bearish) pattern formation.
Let market prepare for next moves between 5800-5900 tomorrow then final conclusions will be drawn from coming sessions intra day charts formations.
1- Nifty Put Call Ratio is at the month lowest at 0.82 today.
2- Black Candle in Nifty and Sensex
3- CNX MIDCAP and BSE SMALL CAP closed flat.
4- Higher level selling indications but support at lower levels also.
Ratios
Nifty Put Call Ratio: 0.82
Nifty P/E Ratio(27-04-2011):21.79
Advances & Declines
BSE ADVANCES :1297
BSE DECLINES :1589
NSE ADVANCES : 565
NSE DECLINES : 839
Nifty Open Interest Changed Today
Nifty- 5800 CE(28APR2011)- +2102250(+51.64%)
Nifty- 5800 PE(28APR2011)- -180200(-2.55%)
Nifty- 5900 CE(28APR2011)- +2497950(+30.87%)
Nifty- 5900 PE(28APR2011)- -236650(-4.16%)
Closing
Nifty- closed at 5,833.90(-34.50 Points &-0.59%)
Sensex- closed at 19,448.69(-96.66 Points &-0.49% )
CNX MIDCAP - closed at 8,338.95(+7.60 Points & +0.09%)
BSE SMALL CAP- closed at 8,897.04(+0.18 Points & +00.00%)
Nifty-Micro Analysis of Intra Day Chart(27-04-2011):-
 |
| Just click on chart for its enlarged view |
Crucial points are as follows
1- Higher levels selling between 5880-5912 on 21-04-2011.
2- Genuine selling between 5874-5905 on 25-04-2011
3- Support between 5792-5812 on 26-04-2011
4- Today Intra Day Charts are concluding mixed formations despite Red closing,detailed analysis is given in Nifty-Micro Analysis of Intra Day Chart.
All the indices are showing mixed patterns today and in the same manner most pivotal stocks are also not one sided,when some are showing buying then others are indicating selling also.
As supports at lower levels and resistances at higher level therefore Indian markets will first prepare between 5800-5900 tomorrow for next moves and then decisive moves will be seen in the coming week.Next move confirmation range is 5792-5912 and:-
1- sustaining above 5912 will mean clearance of strong resistances and begining of sharp rally.
2- sustaining below 5792 will mean correction minimum upto 5693 after tripple top(Bearish) pattern formation.
Let market prepare for next moves between 5800-5900 tomorrow then final conclusions will be drawn from coming sessions intra day charts formations.
FII & DII trading activity in Capital Market Segment on 27-Apr-2011
| ||||||||||||||||
| ||||||||||||||||
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
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
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
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)
"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
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)
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):-
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.
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
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
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
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
26-Apr-2011
| ||||||||||||||||
| ||||||||||||||||
Subscribe to:
Posts (Atom)