Nifty Spot-Levels & Trading Strategy for 16-05-2011

Nifty Spot-Levels

R3 5741
R2 5673
R1 5608
Avg 5540
S1 5475
S2 5407
S3 5342

Nifty Spot-Trading Strategy

H6 5678     Trgt 2
H5 5647     Trgt 1
H4 5617     Long breakout
H3 5580     Go Short
H2 5568
H1 5556
L1 5531
L2 5519
L3 5507     Long
L4 5470     Short Breakout
L5 5440     Trgt 1
L6 5409     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 16-05-2011

Nifty(May Fut)-Levels

R3 5788
R2 5705
R1 5631
Avg 5548
S1 5474
S2 5391
S3 5317

Nifty(May Fut)-Trading Strategy

H6 5717     Trgt 2
H5 5681     Trgt 1
H4 5644     Long breakout
H3 5601     Go Short
H2 5586
H1 5572
L1 5543
L2 5529
L3 5514     Long
L4 5471     Short Breakout
L5 5434     Trgt 1
L6 5398     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 16-05-2011

Bank Nifty(May Fut)-Levels

R3 11610
R2 11406
R1 11219
Avg 11015
S1 10828
S2 10624
S3 10437

Bank Nifty(May Fut)-Trading Strategy

H6 11430     Trgt 2
H5 11339     Trgt 1
H4 11247     Long breakout
H3 11139     Go Short
H2 11103
H1 11067
L1 10996
L2 10960
L3 10924     Long
L4 10816     Short Breakout
L5 10725     Trgt 1
L6 10633     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(16-05 to 20-05-2011)

Nifty Spot-Weekly Levels

R3 5741
R2 5673
R1 5608
Avg 5540
S1 5475
S2 5407
S3 5342

Nifty Spot-Weekly Trading Strategy 

H6 5678     Trgt 2
H5 5647     Trgt 1
H4 5617     Long breakout
H3 5580     Go Short
H2 5568
H1 5556
L1 5531
L2 5519
L3 5507     Long
L4 5470     Short Breakout
L5 5440     Trgt 1
L6 5409     Trgt 2

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Indian Stock Markets Closing Reports(12-05-2011)

Main features of today trading are as follows:-

1- Weaker glbal cues led weak markets.
2- All the main Indices closed 1% down
3- Long Black Candle
4- Nifty closed below psychological level of 5500
5- Good IIP days but  market slipped after its announcement.

Ratios:

Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(12-05-2011): 20.40

Advances & Declines:

BSE ADVANCES :  909
BSE DECLINES : 1893
NSE ADVANCES :  394
NSE DECLINES : 1016

Nifty Open Interest Changed Today:-

Nifty- 5400 CE(26-05-2011)- +160750(+9.71%)
Nifty- 5400 PE(26-05-2011)- +889750(+13.63%)

Nifty- 5500 CE(26-05-2011)- +1932550(+48.46%)
Nifty- 5500 PE(26-05-2011)- +83450(+1.40%)

Nifty- 5600 CE(26-05-20111)- 1033950(+16.24%)
Nifty- 5600 PE(26-05-2011)- -509250(-12.75%)

Closing :-

Nifty- closed at 5,486.15(-78.90 Points & -1.42%)
Sensex- closed at 18,335.79(-249.17 Points & -1.34% )
CNX MIDCAP - closed at 7,941.05(-76.35 Points & -0.95%)
BSE SMALL CAP- closed at 8,335.43(-89.48 Points & -1.06%)

Nifty Spot-Levels & Trading Strategy for 13-05-2011

Nifty Spot-Levels

R3 5642
R2 5607
R1 5546
Avg 5511
S1 5450
S2 5415
S3 5354

Nifty Spot-Trading Strategy

H6 5582     Trgt 2
H5 5560    Trgt 1
H4 5538     Long breakout
H3 5512     Go Short
H2 5503
H1 5494
L1 5477
L2 5468
L3 5459     Long
L4 5433     Short Breakout
L5 5411     Trgt 1
L6 5389     Trgt 2

Pre-Open Market Outlook(12-05-2011)

Yesterday begun US tsunami reached Asia today morning and all the Asian markets are 1/2% to 1% down today morning. Indian markets are already weak and range bound between 5450-5590 and also got support at lower levels between this range. As all the global markets are weak therefore firstly Indian markets reaction to global weakness has to be understood. Immediate supports within mentioned range are as follows:-

1- 5525
2- 5505
3- 5487
4- 5460

Move below 5500 will mean nullifying of 2 supports and in that situation more weakness will be possible. Indian markets first half hour trading will tell Indian markets reaction to global weakness. Although sentiment is most depressed today morning but rally expected within couple of sessions.

Nifty sustaining beyond 5525 will be watched first for next moves first indication.

Market Outlook(12-05-2011)

Correction started after good selling above 5850 and after all trends turned down after Nifty slipping below 200 Day EMA. As good selling at higher levels therefore complete consolidation is the requirement for any short term/pull back rally.

Nifty traded between 5450-5590 in last 6 sessions with multiple resistances at higher levels and multiple supports at lower levels. Intraday charts of today are suggesting good consolidations and this process is seen near higher band of last 6 days range. Intraday charts of most of the Indices and many stocks are showing consolidation patterns today. Ranges positions are as follows:-

1- Last 6 days range- 5450-5590
2- Today condolidations- 5525-5550
3- Next resistance(requiring consolidations for any up moves)- 5550-5590

As per my view fresh consolidation expected between 5550-5590 tomorrow and moves above 5590 will be seen in the coming sessions. US markets are in deep Red and Dow Jones is more than 170 points down at this moment therefore weak opening is possible tomorrow and market will be decided through sustaining below any support level. As consolidation seen between 5525-5550 today and if global markets crashes and Nifty sustains below 5525 then any down moves will be considered. As good condolidations betweeen 5525-5550 today therefore if Nifty moves above 5550 then it will be short term/pull back rally confirmations.

Today US markets closing and then Asian markets reponse and after that Indian markets first half hour trading will tell Indian markets response to global storm. Although sentiment may be most depressed tomorrow morning but rally expected within couple of sessions.

FII Trading Data in Derivatives Segment on 11-May-2011

Technical Analysis and Research For 12-05-2011

Nifty-Micro Analysis of today Intra Day Chart(11-05-2011)

Just click on chart for its enlarged view

Main features are as follows:-

1- Whole day intraday consolidation between 5525-5550
2- Slipped from higher levels in last 15 minutes but patterns are not selling.

Conclusions

Fresh consolidation expected betwen 5550-5590 tomorrow and moves above 5590 will be seen in the coming sessions.
-------------------------------------------------------------
Detailed Technical Analysis have already been posted in following topics in last 5 days and no change in positions today therefore not being repeated. As last 5 days postd analysis will have impact on tomorrow trading also therefore useful links are as follows;-

1- Weekly Outlook(09-05-2011 to 13-05-2011)

2- Indian Stock Markets Report(09-05-2011)

3- Technical Analysis and Research For 10-05-2011

Indian Stock Markets Closing Reports(11-05-2011)

Add caption

Main features of today trading are as follows:-

1- Range bound trading within last 5 sessions most trading range(5500-5570)
2- All the Indices closed in Green
3- Whole day consolidation formations



Ratios:

Nifty Put Call Ratio: 0.84
Nifty P/E Ratio(10-05-2011): 20.61

Advances & Declines: 

BSE ADVANCES : 1616
BSE DECLINES : 1198
NSE ADVANCES :  817
NSE DECLINES :  556

Nifty Open Interest Changed Today:-


Nifty- 5500 CE(28APR2011)- +74200(+1.87%)
Nifty- 5500 PE(28APR2011)- +693750(+12.83%)

Nifty- 5600 CE(28APR2011)- +409850(+6.77%)
Nifty- 5600 PE(28APR2011)- +182450(+4.47%)

Closing :-

Nifty- closed at 5,565.05(+23.80 Points & +0.43%)
Sensex- closed at 18,584.96(+72.19 Points & +0.39% )
CNX MIDCAP - closed at 8,017.40(+59.20 Points & +0.74%)
BSE SMALL CAP- closed at 8,424.91(+60.95 Points & +0.73%)

FII & DII trading activity in Capital Market Segment on 11-May-2011

FII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 11-May-2011 2362.44 2237.37 125.07

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-May-2011 827.85 738.73 89.12

Nifty Spot-Levels & Trading Strategy for 12-05-2011

Nifty Spot-Levels

R3 5633
R2 5603
R1 5584
Avg 5554
S1 5535
S2 5505
S3 5486

Nifty Spot-Trading Strategy

H6 5614     Trgt 2
H5 5603     Trgt 1
H4 5591      Long breakout
H3 5578      Go Short
H2 5573
H1 5569
L1 5560
L2 5556
L3 5551     Long
L4 5538     Short Breakout
L5 5526     Trgt 1
L6 5515     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 12-05-2011

Nifty(May Fut)-Levels

R3 5640
R2 5608
R1 5586
Avg 5554
S1 5532
S2 5500
S3 5478

Nifty(May Fut)-Trading Strategy

H6 5618     Trgt 2
H5 5606     Trgt 1
H4 5593     Long breakout
H3 5578     Go Short
H2 5573
H1 5568
L1 5559
L2 5554
L3 5549     Long
L4 5534     Short Breakout
L5 5521     Trgt 1
L6 5509     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 12-05-2011

Bank Nifty(May Fut)-Levels

R3 11308
R2 11199
R1 11119
Avg 11010
S1 10930
S2 10821
S3 10741

Bank Nifty(May Fut)-Trading Strategy

H6 11230     Trgt 2
H5 11186     Trgt 1
H4 11142     Long breakout
H3 11090     Go Short
H2 11073
H1 11056
L1 11021
L2 11004
L3 10987     Long
L4 10935     Short Breakout
L5 10891     Trgt 1
L6 10847     Trgt 2

Pre-closing Outlook(11-05-2011)

Intraday consolidation between 5525-5550 today and expected that nifty will consolidate betwen 5550-5590 tomorrow and moves above 5590 will be seen in the coming sessions.

NIFTY-MAY F&O-1ST BUYING OF 11-05-2011-TRADE

NIFTY(MAY FUT-BUY-POSITIONAL)SL-5524-TGT-5634-CMP-5560

NIFTY(MAY CALL OPTION-BUY-POSITIONAL)SL-5524-TGT-5634-S.P.FOR CALL-5500,5600(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5560

Sandwich Nifty Today

Mid-session Outlook-2(11-05-2011)

Upper Slice- (5560-5590 yesterday Resistance)
Lower Slice- (5515-5532 yesterday Support)
Fried Tomato & Potato between- (5525-5565 Today Predicted Trading Range in Mid-Night today)
Fried Tomato & Potato between- (5525-5561.90 Today Trading Range at 12:15 PM today)

Only breakfast(intraday trading/Options selling) should be enjoyed from Sandwich Nifty and Wait for Lunch/Dinner(Positional trading/Options buying) because it is being cooked between in 5 Star Hotels(5450-5590).

Following lines were told for today markets

in  Market Outlook(11-05-2011)

Supports at lower levels and resistances at higher levels therefore market will not move any side and first trade between 5525-5565 tomorrow,much movements not expected and also closing expected within this range. Firstly market will prepare then next moves will be decided according to intraday charts formation in the coming sessions.

Minor support at lower levels and minor resistance also seen at higher levels today.Next moves confirmation levels are as follows;-

1- 5525-5565
2- 5500-5590
3- 5450-5590

Mid-session Outlook(11-05-2011)

Following lines were told in mid-night yesterday in Market Outlook(11-05-2011)

Supports at lower levels and resistances at higher levels therefore market will not move any side and first trade between 5525-5565 tomorrow.

"Trading range today at 11:05AM is:- 5525-5556.85"

As already told many times that Indian markets are range bound and preparing for next big moves and until this process will not complete till then Nifty will trade between 5450-5590 and this range break out will be next big moves confirmations.

Although Indian markets slipped from higher levels today but patterns are suggesting consolidations today. As per my view more preparation is required for any side break out because multiple resistances at higher levels and multiple supports at lower levels as well.

Let market prepare then break out and trending markets will be seen. 

Market Outlook(11-05-2011)

Detailed Technical Analysis have already been posted in following topics in last 4 days and no change in positions today therefore not being repeated. As last 4 days postd analysis will have impact on today trading also therefore useful links are as follows;-

1- Weekly Outlook(09-05-2011 to 13-05-2011)

2- Indian Stock Markets Report(09-05-2011)

3- Technical Analysis and Research For 10-05-2011

As intraday chart analysis is important for tomorrow and coming sessions trading therefore today Intraday chart and 5 days intraday charts analysis are as follows:-


Nifty-Micro Analysis of 5 days Intra Day Charts:-

Just click on chart for its enlarged view

Nifty-Micro Analysis of today Intra Day Chart(10-05-2011):-

Just click on chart for its enlarged view

Conclusions from today intraday charts analysis

Nifty traded most time between 5500-5560 in last 4 days and Nifty firstly traded between this range today,immediately broken out and crossed 5560. Nifty traded 4 hours between 5560-5590 but break out was lacking force therefore rally was doubtful and I told 2 times in 2 outlooks and clearly told for confirmation requirements through sustaining above 5592.

As suspected same happened and market slipped sharply after intraday selling betwen 5562-5590. Minor intraday support also seen between 5515-5532 today

Conclusions from 5 days intraday charts analysis

Main features are as follows:-

1- Trading range 5450-5590
2- Most time trading range 5500-5560
3- Multipal Resistances
4- Multipal Supports
5- Rising Channel Formations

Conclusions (After Putting analysis together)

Main features are as follows:-

1- All trends are down
2- 5th wave is still on.
3- Continuation pattern Pennant is still existing and it means rally hopes are alive.
4- Indicators are suggesting short term up moves possibility.
5- Good selling at higher levels therefore market requires complete consolidations

Range bound trading between 5450-5590 in last 5 days and Nifty traded most time between 5500-5560. Multipal Resistances and multipal supports in last 5 days. Supports at lower levels and resistances at higher levels therefore market will not move any side and first trade between 5525-5565 tomorrow,much movements not expected and also closing expected within this range. Firstly market will prepare then next moves will be decided according to intraday charts formation in the coming sessions. next moves confirmation levels are as follows;-

1- 5500-5560
2- 5450-5590