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Pre-closing Outlook(29-04-2011)
Following lines were told in Post-closing Report(28-04-2011) & Tomorrow Outlook yesterday:-
"correction minimum upto 5740. Nifty will not be able to sustain above 5800 in any positive sentiment and will test next Support range 5700-5740 tomorrow."
Following lines were told in Pre-Open Market Outlook(29-04-2011) today at 09:08:00 AM
Nifty moved below 5800 after tripple top and rounding top(Bearish) formations are indicating confirm down moves and expected that Nifty will not be able to move 5800 and will test 5740 in couple of sessions. Testing 5700 possibility can not be rules out in the coming week.
Today low is at 5709 wnich is between support range(5700-5740). Short trem trend is down and intermediate term trend will be down after sustaining below 5700. Nifty moving below 5700 possibility can not be ruled out but sustaining below 5700 will mean down moves from 3 weeks to 3 months.
Mid-session Outlook-2(29-04-2011)
Follow up selling between 5775-5800 today and as a result all those down moves are being seen which have already been told in Post-closing Report yesterday and Pre-Open Market Outlook today
Mid-session Outlook(29-04-2011)
Although view was bearish but market did not showed weakness since opening today and also base formation and intra day support seen between 5765-5775 today. Although up moves require consolidation and will be slow but we don't take risk and covered shorting positions with minor profit.
Today support between 5765-5775 and yesterday selling between 5800-5829 therefore range bound moves expectd betweeen 5775-5800 and today next 2/3 hours trading patterns will tell for next week market.
Today support between 5765-5775 and yesterday selling between 5800-5829 therefore range bound moves expectd betweeen 5775-5800 and today next 2/3 hours trading patterns will tell for next week market.
NIFTY-MAY F&O-1ST SHORTING OF 28-04-2011-COVERING
NIFTY MAY F & O(SHORTED ON 28-04-2011)-COVER IMMEDIATELY-CMP-5801
Pre-Open Market Outlook(29-04-2011)
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(28-04-2011) & Tomorrow Outlook
Nifty moved below 5800 after tripple top and rounding top(Bearish) formations are indicating confirm down moves and expected that Nifty will not be able to move 5800 and will test 5740 in couple of sessions. Testing 5700 possibility can not be rules out in the coming week.
Nifty first expected range is 5750-5780 and exiected that nifty will move below 5750 and close in Red after weak opening.
Post-closing Report(28-04-2011) & Tomorrow Outlook
Nifty moved below 5800 after tripple top and rounding top(Bearish) formations are indicating confirm down moves and expected that Nifty will not be able to move 5800 and will test 5740 in couple of sessions. Testing 5700 possibility can not be rules out in the coming week.
Nifty first expected range is 5750-5780 and exiected that nifty will move below 5750 and close in Red after weak opening.
Post-closing Report(28-04-2011) & Tomorrow Outlook
Main features of today trading are as follows
1- Red Candle
2- Confirm selling between 5800-5826
3- Intraday Distribution Patterns
4- All the indices closed near day's lows.
Ratios:
Nifty Put Call Ratio:0.78
Nifty P/E Ratio(28-04-2011):21.61
Advances & Declines:
BSE ADVANCES : 1045
BSE DECLINES : 1845
NSE ADVANCES : 437
NSE DECLINES : 978
Nifty Open Interest Changed Today
Nifty- 5700 CE(28MAY2011)- +158350(+17.30%)
Nifty- 5700 PE(28MAY2011)- +528300(+17.18%)
Nifty- 5800 CE(28MAY2011)- +709250(+51.11%)
Nifty- 5800 PE(28MAY2011)- +411750(+17.70%)
Nifty- 5900 CE(28MAY2011)- +662000(+37.49%)
Nifty- 5900 PE(28MAY2011)- -38100(-2.91%)
Closing
Nifty- closed at 5,785.45(-48.45 Points & -0.83%)
Sensex- closed at 19,292.02(-156.67 Points & -0.81% )
CNX MIDCAP - closed at 8,277.80(-61.15 Points & -61.15%)
BSE SMALL CAP- closed at 8,854.08(-42.96 Points & -0.48%)
Nifty-Micro Analysis of 10 Days Intraday Chart:-
Conclusions from Nifty-Micro Analysis of 10 Days Intraday Chart
1-Resistance between 5874-5912
2-Resistance between 5800-5829
3-Support between 5700-5740
Tomorrow(29-04-2011) Outlook
Today whole day selling between 5800-5826 confirmed correction minimum upto 5740. Nifty will not be able to sustain above 5800 in any positive sentiment and will test next Support range 5700-5740 tomorrow.
1- Red Candle
2- Confirm selling between 5800-5826
3- Intraday Distribution Patterns
4- All the indices closed near day's lows.
Ratios:
Nifty Put Call Ratio:0.78
Nifty P/E Ratio(28-04-2011):21.61
Advances & Declines:
BSE ADVANCES : 1045
BSE DECLINES : 1845
NSE ADVANCES : 437
NSE DECLINES : 978
Nifty Open Interest Changed Today
Nifty- 5700 CE(28MAY2011)- +158350(+17.30%)
Nifty- 5700 PE(28MAY2011)- +528300(+17.18%)
Nifty- 5800 CE(28MAY2011)- +709250(+51.11%)
Nifty- 5800 PE(28MAY2011)- +411750(+17.70%)
Nifty- 5900 CE(28MAY2011)- +662000(+37.49%)
Nifty- 5900 PE(28MAY2011)- -38100(-2.91%)
Closing
Nifty- closed at 5,785.45(-48.45 Points & -0.83%)
Sensex- closed at 19,292.02(-156.67 Points & -0.81% )
CNX MIDCAP - closed at 8,277.80(-61.15 Points & -61.15%)
BSE SMALL CAP- closed at 8,854.08(-42.96 Points & -0.48%)
Nifty-Micro Analysis of 10 Days Intraday Chart:-
Just click on chart for its enlarged view |
1-Resistance between 5874-5912
2-Resistance between 5800-5829
3-Support between 5700-5740
Tomorrow(29-04-2011) Outlook
Today whole day selling between 5800-5826 confirmed correction minimum upto 5740. Nifty will not be able to sustain above 5800 in any positive sentiment and will test next Support range 5700-5740 tomorrow.
Nifty-Micro Analysis of Intra Day Chart(28-04-2011)
Just click on chart for its enlarged view |
Following line was told within first 15 minutes in Post-open Outlook today
"confirm weakness indication and 5820 will be watched first and below it down move will be considered"
As today opening indicated weakness therefore told immediately and after that only weak market was suggested in all the out;ooks today.
Intraday charts of today also showing selling patterns therefore down moves will be seen in the coming sessions.
FII & DII trading activity in Capital Market Segment on 28-Apr-2011
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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
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.
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.
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"
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.
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