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Pre-closing Outlook(06-05-2011)
Nifty crossed 1st resistance after strong opening today and it is yesterday bottoming out confirmation. Final conclusion from today intraday patterns is consolidations. If Nifty sustains above 5560 and cross 5585 in next week then will be Bull market survival.
Mid-session Outlook-3(06-05-2011)
5520 crossed and Nifty is trading between next 1st resistance 5520-2260. Up moves are with good force today and crossing of 5560 will be Pull back rally confirmation.
Mid-session Outlook-2(06-05-2011)
3 hours selling between 5500-5520 and Nifty slipped to 5472 and then recovered fast also.As sentiment is extremely depressed therefore people can not hold positions and panic selling starts. Today fast recovery is certainly a positive move and 5475-5485 has developed minor support also.
First of all watch 5500-5520 and its break out will be first indicaton. 5475-5560 crossing will be next sustained move confirmation. For any up move Nifty require complete consolidation between 5525-5560 and it will take its own time. 5475-5485 is minor support and will be easily cleared if fresh selling develops today.
First of all watch 5500-5520 and its break out will be first indicaton. 5475-5560 crossing will be next sustained move confirmation. For any up move Nifty require complete consolidation between 5525-5560 and it will take its own time. 5475-5485 is minor support and will be easily cleared if fresh selling develops today.
Mid-session Outlook(06-05-2011)
As intraday charts told therefore Following line was told in Technical Analysis and Research For 06-05-2011
Genuine selling between 5525-5560
Clearly following line was told and cautioned in Post-open Outlook(06-05-2011)
confirmation will be minimum crossing next resistance range(5525-5560).
Intraday charts showed 3 hours selling between 5500-5520 today and this sellling is exactly below yesterday genuine selling range therefore yesterday resistance strengthened and more down moves are expected.
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Post-open Outlook(06-05-2011)
Indian markets closed near the lows of the day yesterday but intraday charts did not suggested pure selling but buying signals were also seen therefore following lines were told in all the outlooks posted for today:-
1- Mixed Patterns between 5455-5490
2- Nifty will first trade within or near about 5455-5490 for next moves preparations.
All the Global markets are in Red and sentiment was deep depressed but Indian markets opening is certainly strong. If Nifty sustains at higher levels and close above 5500 today then it will be first indication of yesterday bottom formation yesterday and confirmation will be minimum crossing next resistance range(5525-5560).
Today 1% up is Pull Back Rally and strong move also. Next 2/3 hours intraday charts formations and sustaining beyond 5500 will give next moves first indication.
1- Mixed Patterns between 5455-5490
2- Nifty will first trade within or near about 5455-5490 for next moves preparations.
All the Global markets are in Red and sentiment was deep depressed but Indian markets opening is certainly strong. If Nifty sustains at higher levels and close above 5500 today then it will be first indication of yesterday bottom formation yesterday and confirmation will be minimum crossing next resistance range(5525-5560).
Today 1% up is Pull Back Rally and strong move also. Next 2/3 hours intraday charts formations and sustaining beyond 5500 will give next moves first indication.
Pre-Open Market Outlook(06-05-2011)
All trends are down and market is bearish. Market require complete consolidation for a Bullish rally and until that will not happen till then this possibility will not be considered. Short term oscillators are oversold therefore only pull back rally will be expected at this moment and it may begin after couple of hours to couple of sessions consolidation.
Huge voltality is Bear market character and will be seen also. Previous Wave(5177-5944) has been retraced 61.8%(5469) and Nifty closed below it ar 5459 yesterday,as mixed Patterns between 5455-5490 yesterday therefore if fresh consolidation develop near about then a very shot term up move will be seen. Next retracement levels are as follows:-
1- 70.7%- 5401
2- 76.4%- 5358
3- 78.6%- 5341
4- 88.6%- 5264
Next 3 supports are as follows:-
1- 5348
2- 5233
3- 5178
At present 1st Resistance range is 5525-5560 and until Nifty will not sustain above it till then bullish rally begining will not be considered. Mixed Patterns between 5455-5490 yesterday therefore Nifty will first trade within or near about this range for next moves preparations. Intraday consolidation today will mean only pull back rally possibility maximum upto 5525. Market is in Bear phase therefore fresh selling today will mean more sharp down moves toward above mentioned retracement levels and supports.
As mixed Patterns between 5455-5490 in last 3 hours yesterday therefore next immediate market and today closing will be decided according to first 2/3 hours trading.
Huge voltality is Bear market character and will be seen also. Previous Wave(5177-5944) has been retraced 61.8%(5469) and Nifty closed below it ar 5459 yesterday,as mixed Patterns between 5455-5490 yesterday therefore if fresh consolidation develop near about then a very shot term up move will be seen. Next retracement levels are as follows:-
1- 70.7%- 5401
2- 76.4%- 5358
3- 78.6%- 5341
4- 88.6%- 5264
Next 3 supports are as follows:-
1- 5348
2- 5233
3- 5178
At present 1st Resistance range is 5525-5560 and until Nifty will not sustain above it till then bullish rally begining will not be considered. Mixed Patterns between 5455-5490 yesterday therefore Nifty will first trade within or near about this range for next moves preparations. Intraday consolidation today will mean only pull back rally possibility maximum upto 5525. Market is in Bear phase therefore fresh selling today will mean more sharp down moves toward above mentioned retracement levels and supports.
As mixed Patterns between 5455-5490 in last 3 hours yesterday therefore next immediate market and today closing will be decided according to first 2/3 hours trading.
Tomorrow(06-05-2011) Outlook
Technical Positions have already been posted in following topic with 2 Chart therefore not being repeated
Technical Analysis and Research For 06-05-2011
Sentiment is depressed therefore market may be volatile tomorrow. Market has turned bearish and require complete consolidation for a big rally. Only pull back rally can be expected. Tomorrow expected trading range is 5425-5490
Technical Analysis and Research For 06-05-2011
Technical Analysis of EOD Chart(05-05-2011)
Just click on chart for its enlarged view |
Next 3 bottoms are next supports:-
B3- 5348
B2- 5233
B1- 5178
Conclusions
Nifty was already below 55 Day EMA and 200 Day EMA and continuation pattern Pennant cancelled today after breaking down of 5485. Bearish phase confirmation and selling at each step.
Nifty-Micro Analysis of Intra Day Chart(05-05-2011):-
Just click on chart for its enlarged view |
Main Features
Genuine selling between 5525-5560
Mixed Patterns between 5455-5490
Conclusions
Genuine selling between 5525-5560 and this selling was confirmed at 10:33:00 AM today and following line was told 3 hours before today down move begining:-
"Selling signals emerged between 5540-5559 today"
As mixed Patterns between 5455-5490 today therefore Nifty will first trade within or near about this range for next moves preparations.
Conclusions (After Putting EOD and Intraday charts analysis together)
Bear phase is confirm and following line was also told at 01:15:00 PM in Mid-session Outlook-3:-
Now bear market confirmation and more down moves are possible.
Market require complete consolidation for any rally and until that will not haappen till then any rally will not be imagined. 1st reistance range as of today is 5525-5560 and any rally begining will be considered only after sustaining above 5560. Mentioned B1 to B3 will be watched for next supports and pull back rally may be seen from these points in next week.
Sentiment depressed therefore voltality may be seen and Nifty will first trade within or near about 5455-5490 for next moves preparations.
Bank Nifty(May Fut)-Levels & Trading Strategy for 06-05-2011
Bank Nifty(May Fut)-Levels
R3 11240
R2 11123
R1 10935
Avg 10818
S1 10630
S2 10513
S3 10325
Bank Nifty(May Fut)-Trading Strategy
H6 11054 Trgt 2
H5 10985 Trgt 1
H4 10915 Long breakout
H3 10831 Go Short
H2 10803
H1 10775
L1 10720
L2 10692
L3 10664 Long
L4 10580 Short Breakout
L5 10510 Trgt 1
L6 10441 Trgt 2
R3 11240
R2 11123
R1 10935
Avg 10818
S1 10630
S2 10513
S3 10325
Bank Nifty(May Fut)-Trading Strategy
H6 11054 Trgt 2
H5 10985 Trgt 1
H4 10915 Long breakout
H3 10831 Go Short
H2 10803
H1 10775
L1 10720
L2 10692
L3 10664 Long
L4 10580 Short Breakout
L5 10510 Trgt 1
L6 10441 Trgt 2
FII & DII trading activity in Capital Market Segment on 05-May-2011
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Pre-closing Outlook(05-05-2011)
4 hours intraday genuine selling patterns within 5538-5559 today and after that range broken down as well as breaking of 5485 is confirmation of Bearish market. Following line was told in Mid-session Outlook-3 today,as applicale now also therefore being repeated.
Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.
As told immediately after begining of down moves,same is seen and sharp down moves were seen today.
As selling at each step therefore market require full consolidation for any rally and until that will not haappen till then any up move will not be considered. Down moves are on and next strong support is at 5177..
Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.
As told immediately after begining of down moves,same is seen and sharp down moves were seen today.
As selling at each step therefore market require full consolidation for any rally and until that will not haappen till then any up move will not be considered. Down moves are on and next strong support is at 5177..
Mid-session Outlook-3(05-05-2011)
Selling was told in following line at 10:33:00 AM today
"Selling signals emerged between 5540-5559 today"
Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.
"Selling signals emerged between 5540-5559 today"
Nifty is down in last 5 minutes.Now bear market confirmation and more down moves are possible.
Mid-session Outlook-2(05-05-2011)
Selling signals emerged between 5540-5559 today and any upmove will get confirmation above 5560. Now next moves confirmation range is 5496-5560. Minor buying and Minor selling ranges within this range are as follows:-
1- Buying- 5515-5525
2- Selling- 5540-5559
As selling signals also emerged today after yesterday buying within mentioned trading range(5496-5560) therefore market is poised for any side break out.
1- Buying- 5515-5525
2- Selling- 5540-5559
As selling signals also emerged today after yesterday buying within mentioned trading range(5496-5560) therefore market is poised for any side break out.
Mid-session Outlook(05-05-2011)
Support at 5515-5525 was told 12:40 PM yesterday and since then Nifty not moved below it and traded most of the time above it. Market preparation for next moves range of 5496-5550 is given in all the outlooks for today market and Nifty is trading within this range today. Nifty moved above 5550 but slipped and again trading within this range. Let market prepare then final conclusions will be drawn from intraday charts patterns. Suataining beyond this range will be next moves confirmation.
Post-open Outlook(05-05-2011)
Asian markets are flat therefore Sentiment is quiet. Today expected first range is 5496-5550 and Nifty will trade first within this range. This range break out will decide Bear market confirmation or revival of Bull market hopes. Breaking down 5496 will mean that Nifty 5485 will not survive and Bearish phase will commence. Sustaining above 5550 will mean survival of Bull market but confirmation will be sustaining above 200 Day EMA.
Flat opening today but not weak. As lower levels support within 5510-5530 yesterday until Nifty is above it til then Bull market revival hopes are alive. First 15 minutes trading has not shown weakness signals.
Flat opening today but not weak. As lower levels support within 5510-5530 yesterday until Nifty is above it til then Bull market revival hopes are alive. First 15 minutes trading has not shown weakness signals.
Post-closing Report(04-05-2011) & Tomorrow Outlook
Main features of today trading are as follows
1- Most indics closed in Red
2- Reb Candle
3- Mixed intraday trading patterns
Ratios:
Nifty Put Call Ratio: 0.81
Nifty P/E Ratio(04-05-2011): 20.58
Advances & Declines:
BSE ADVANCES : 1073
BSE DECLINES : 1751
NSE ADVANCES : 446
NSE DECLINES : 961
Nifty Open Interest Changed Today:-
Nifty- 5500 CE(28APR2011)- +1556900(+111.81%)
Nifty- 5500 PE(28APR2011)- +644250(+14.29%)
Nifty- 5600 CE(28APR2011)- +1337900(+36.70%)
Nifty- 5600 PE(28APR2011)- -194550(-3.42%)
Closing :-
Nifty- closed at 5,537.15(-28.10 Points & -0.50%)
Sensex- closed at 18,460.62(-74.07 Points & -0.40% )
CNX MIDCAP - closed at 7,907.50(-47.55 Points & -0.60%)
BSE SMALL CAP- closed at 8,390.30(-45.67 Points & -0.54%)
Tomorrow(05-05-2011) Outlook
Technical analysis and Research and next possibilities have already been posted in following topic with 2 ChartS therefore not repeated:-
Technical Analysis and Research For 05-05-2011
55 Day EMA and 200 Day EMA has been broken down and with this all the trends are down now. Only it has to be decided tomorrow and in the coming sessions that Indian markets are moving into bearish phase or not. As short term indicators are oversold therefore Pull Back rally possibility will also be condidered. Opening will depend on Global cues but final confirmations will be received from sustaining beyond 5485-5550.
Below 5485 will be Bearish phase confirmation. Sustaining above 5550 will mean survival of Bull market but confirmation will be sustaining above 200 Day EMA.
1- Most indics closed in Red
2- Reb Candle
3- Mixed intraday trading patterns
Ratios:
Nifty Put Call Ratio: 0.81
Nifty P/E Ratio(04-05-2011): 20.58
Advances & Declines:
BSE ADVANCES : 1073
BSE DECLINES : 1751
NSE ADVANCES : 446
NSE DECLINES : 961
Nifty Open Interest Changed Today:-
Nifty- 5500 CE(28APR2011)- +1556900(+111.81%)
Nifty- 5500 PE(28APR2011)- +644250(+14.29%)
Nifty- 5600 CE(28APR2011)- +1337900(+36.70%)
Nifty- 5600 PE(28APR2011)- -194550(-3.42%)
Closing :-
Nifty- closed at 5,537.15(-28.10 Points & -0.50%)
Sensex- closed at 18,460.62(-74.07 Points & -0.40% )
CNX MIDCAP - closed at 7,907.50(-47.55 Points & -0.60%)
BSE SMALL CAP- closed at 8,390.30(-45.67 Points & -0.54%)
Tomorrow(05-05-2011) Outlook
Technical analysis and Research and next possibilities have already been posted in following topic with 2 ChartS therefore not repeated:-
Technical Analysis and Research For 05-05-2011
55 Day EMA and 200 Day EMA has been broken down and with this all the trends are down now. Only it has to be decided tomorrow and in the coming sessions that Indian markets are moving into bearish phase or not. As short term indicators are oversold therefore Pull Back rally possibility will also be condidered. Opening will depend on Global cues but final confirmations will be received from sustaining beyond 5485-5550.
Below 5485 will be Bearish phase confirmation. Sustaining above 5550 will mean survival of Bull market but confirmation will be sustaining above 200 Day EMA.
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