Nifty Spot-Levels & Trading Strategy for 29-04-2011

Nifty Spot-Levels

R3 5915
R2 5885
R1 5835
Avg 5805
S1 5755
S2 5725
S3 5675

Nifty Spot-Trading Strategy

H6 5865     Trgt 2
H5 5847     Trgt 1
H4 5829     Long breakout
H3 5807     Go Short
H2 5799
H1 5792
L1 5777
L2 5770
L3 5763     Long
L4 5741     Short Breakout
L5 5722     Trgt 1
L6 5704     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 29-04-2011

Nifty(May Fut)-Levels

R3 5937
R2 5909
R1 5859
Avg 5831
S1 5781
S2 5753
S3 5703

Nifty(May Fut)-Trading Strategy

H6 5888     Trgt 2
H5 5870     Trgt 1
H4 5852     Long breakout
H3 5831     Go Short
H2 5824
H1 5817
L1 5802
L2 5795
L3 5788     Long
L4 5767     Short Breakout
L5 5749     Trgt 1
L6 5731     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 29-04-2011

Bank Nifty(May Fut)-Levels

R3 12049
R2 11984
R1 11873
Avg 11808
S1 11697
S2 11632
S3 11521


Bank Nifty(May Fut)-Trading Strategy

H6 11938     Trgt 2
H5 11898     Trgt 1
H4 11858     Long breakout
H3 11810     Go Short
H2 11794
H1 11778
L1 11745
L2 11729
L3 11713     Long
L4 11665     Short Breakout
L5 11625     Trgt 1
L6 11585     Trgt 2

NIFTY-MAY F&O-1ST SELLING OF 28-04-2011-TRADE

NIFTY(MAY FUT-SELL-POSITIONAL)SL-5841-TGT5746-CMP-5812

NIFTY(MAY PUT OPTION-BUY-POSITIONAL)SL-5841-TGT5746-S.P.FOR PUT-5700,5800(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5812

Pre-closing Outlook(28-04-2011)

Nifty has traded more than last 2 hours near 5800 after slipping from higher levels. As intra day charts are showing selling today therefore down moves possibilities are more.

Mid-session Outlook(28-04-2011)

A correction in levels in 2nd paragraph and correct paragraph is as followa:-

Move above 5850 will be consolidation confirmation between mentioned range and show the way toward 5900 and moving below 5800 will be distribution confirmarion between mentioned range and pave the way toward 5700

Nifty is trading at 5817 therefore not much changed.

Mid-session Outlook(28-04-2011)

Resistances near 5900 and support near 5700 and next moves preparation range is 5820-5829. Nifty consolidated between 5820-5829 in last 2 hours yesterday and again trading today within this range for the last 1 hour.

Move above 5850 will be consolidation confirmation between mentioned range and show the way toward 5900 and moving below 5820 will be distribution confirmarion between mentioned range and pave the way toward 5700.

Market is preparing,let it complete process and get next moves confirmations from mentioned levels break out.

Post-open Outlook-2(28-04-2011)

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.

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)

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

"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):-

Just click on chart for its enlarged view

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.

FII Trading Data in Derivatives Segment on 27-Apr-2011

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.