NIFTY MAY F & O(BOUGHT ON 17-05-2011)-COVER IMMEDIATELY-CMP-5435
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
NIFTY-MAY F&O-1ST BUYING OF 17-05-2011-COVERING
NIFTY MAY F & O(BOUGHT ON 17-05-2011)-COVER IMMEDIATELY-CMP-5435
Pre-open Outlook(18-05-2011)
Technical Positions,today Outlook and next possibilities have already been posted in following topic with 2 Charts yesterday therefore not repeated today:-
Tomorrow(18-05-2011) Market Outlook & Technical Analysis
Although US markets recovered from deep lower levels but closed in Red yesterday also therefore Asian markets are positive today morning therefore sentiment is positive today morning. Nifty got support at 5525 and consolidated at lower levels yesterday therefore positive opening and firstly trading between 5540-5595 expected. A bounce was expected today and will be seen. Crossing 5595 will be next upmove confirmation.
Tomorrow(18-05-2011) Market Outlook & Technical Analysis
Although US markets recovered from deep lower levels but closed in Red yesterday also therefore Asian markets are positive today morning therefore sentiment is positive today morning. Nifty got support at 5525 and consolidated at lower levels yesterday therefore positive opening and firstly trading between 5540-5595 expected. A bounce was expected today and will be seen. Crossing 5595 will be next upmove confirmation.
Tomorrow(18-05-2011) Market Outlook & Technical Analysis
Technical Analysis and Research
Nifty-Technical Analysis of EOD Chart(17-05-2011)
Main Features
All trends are down and rising trend line of Wave-5 is broken down and closing below also.
Conclusions
Nifty sustaining below rising trend line of Wave-5 will be confirmation of continuation pattern Pennant breaking down also and it will be bearish phase confirmation as well.
Nifty-Micro Analysis of Intra Day Chart(17-05-2011):-
Main Features
1- Intraday Consolidation between 5425-5445
2- Whole day Falling channel down moves today.
3- Falling Channel Break out and closing above.
Conclusions
Although Indian markets were weak and 5444 also broken down today but down moves were without force and were down in falling channel. Intraday Consolidation between 5425-5445 and falling Channel broken out and closing above also. It is consolidation process in last 2 hours .
Conclusions & Tomorrow Outlook(After Putting EOD and Intraday charts analysis together)
All trends are down and rising trend line of Wave-5 is broken down and closing below also.Nifty sustaining below rising trend line of Wave-5 will be bearish market and continuation pattern Pennant breaking down confirmation and it will be decided in the coming couple of sessions.
As last 2 hours lower levels consolidations today therefore minimum a bounce back is expected tomorrow but US markets are sharp down today and tomorrow trading levels will depend on Asian markets reaction to US markets closing and sentiment tomorrow morning also. If Nifty sustaining below 5444 tomorrow then it will be steep fall confirmation.
Nifty-Technical Analysis of EOD Chart(17-05-2011)
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| Just click on chart for its enlarged view |
All trends are down and rising trend line of Wave-5 is broken down and closing below also.
Conclusions
Nifty sustaining below rising trend line of Wave-5 will be confirmation of continuation pattern Pennant breaking down also and it will be bearish phase confirmation as well.
Nifty-Micro Analysis of Intra Day Chart(17-05-2011):-
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| Just click on chart for its enlarged view |
1- Intraday Consolidation between 5425-5445
2- Whole day Falling channel down moves today.
3- Falling Channel Break out and closing above.
Conclusions
Although Indian markets were weak and 5444 also broken down today but down moves were without force and were down in falling channel. Intraday Consolidation between 5425-5445 and falling Channel broken out and closing above also. It is consolidation process in last 2 hours .
Conclusions & Tomorrow Outlook(After Putting EOD and Intraday charts analysis together)
All trends are down and rising trend line of Wave-5 is broken down and closing below also.Nifty sustaining below rising trend line of Wave-5 will be bearish market and continuation pattern Pennant breaking down confirmation and it will be decided in the coming couple of sessions.
As last 2 hours lower levels consolidations today therefore minimum a bounce back is expected tomorrow but US markets are sharp down today and tomorrow trading levels will depend on Asian markets reaction to US markets closing and sentiment tomorrow morning also. If Nifty sustaining below 5444 tomorrow then it will be steep fall confirmation.
FII & DII trading activity in Capital Market Segment on 17-May-2011
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Indian Stock Markets Closing Reports(17-05-2011)
Main features of today trading are as follows
1- Long Black Candle
2- Last 9 sessions range broken down(5444-6605).
3- All the Indices closed in Red except IT,FMCG,CD and HC
Ratios:
Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(16-05-2011):20.39
Advances & Declines
BSE ADVANCES : 1024
BSE DECLINES : 1780
NSE ADVANCES : 426
NSE DECLINES : 977
Nifty Open Interest Changed Today
Nifty- 5400 CE(26-05-2011)- +2054700(+97.87%)
Nifty- 5400 PE(26-05-2011)- -152650(-1.94%)
Nifty- 5500 CE(26-05-2011)- +552050(+7.98%)
Nifty- 5500 PE(26-05-2011)- -791800(-12.48%)
Nifty- 5600 CE(26-05-2011)- +1489950(+20.39%)
Nifty- 5600 PE(26-05-2011)- -385950(-10.32%)
Closing
Nifty- closed at 5,438.95(-60.05 Points & -1.09%)
Sensex- closed at 18,137.35(-207.68 Points & -1.13% )
CNX MIDCAP - closed at 7,916.75(-60.95 Points & -0.76%)
BSE SMALL CAP- closed at 8,255.47(-51.08 Points & -0.61%)
1- Long Black Candle
2- Last 9 sessions range broken down(5444-6605).
3- All the Indices closed in Red except IT,FMCG,CD and HC
Ratios:
Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(16-05-2011):20.39
Advances & Declines
BSE ADVANCES : 1024
BSE DECLINES : 1780
NSE ADVANCES : 426
NSE DECLINES : 977
Nifty Open Interest Changed Today
Nifty- 5400 CE(26-05-2011)- +2054700(+97.87%)
Nifty- 5400 PE(26-05-2011)- -152650(-1.94%)
Nifty- 5500 CE(26-05-2011)- +552050(+7.98%)
Nifty- 5500 PE(26-05-2011)- -791800(-12.48%)
Nifty- 5600 CE(26-05-2011)- +1489950(+20.39%)
Nifty- 5600 PE(26-05-2011)- -385950(-10.32%)
Closing
Nifty- closed at 5,438.95(-60.05 Points & -1.09%)
Sensex- closed at 18,137.35(-207.68 Points & -1.13% )
CNX MIDCAP - closed at 7,916.75(-60.95 Points & -0.76%)
BSE SMALL CAP- closed at 8,255.47(-51.08 Points & -0.61%)
Nifty Spot-Levels & Trading Strategy for 18-05-2011
R3 5602
R2 5562
R1 5500
Avg 5460
S1 5398
S2 5358
S3 5296
Nifty Spot-Trading Strategy
H6 5540 Trgt 2
H5 5517 Trgt 1
H4 5494 Long breakout
H3 5466 Go Short
H2 5456
H1 5447
L1 5428
L2 5419
L3 5409 Long
L4 5381 Short Breakout
L5 5358 Trgt 1
L6 5335 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 18-05-2011
R3 5603
R2 5562
R1 5504
Avg 5463
S1 5405
S2 5364
S3 5306
Nifty(May Fut)-Trading Strategy
H6 5546 Trgt 2
H5 5523 Trgt 1
H4 5501 Long breakout
H3 5474 Go Short
H2 5465
H1 5456
L1 5437
L2 5428
L3 5419 Long
L4 5392 Short Breakout
L5 5370 Trgt 1
L6 5347 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 18-05-2011
R3 11221
R2 11079
R1 10870
Avg 10728
S1 10519
S2 10377
S3 10168
Bank Nifty(May Fut)-Trading Strategy
H6 11014 Trgt 2
H5 10934 Trgt 1
H4 10854 Long breakout
H3 10757 Go Short
H2 10725
H1 10693
L1 10628
L2 10596
L3 10564 Long
L4 10467 Short Breakout
L5 10387 Trgt 1
L6 10307 Trgt 2
NIFTY-MAY F&O-1ST BUYING OF 17-05-2011-TRADE
NIFTY(MAY FUT-BUY-POSITIONAL)SL-5414-TGT-5504-CMP-5450
NIFTY(MAY CALL OPTION-BUY-POSITIONAL)SL-5414-TGT-5504-S.P.FOR CALL-5400,5500(MAY FUT-RATES FOR ALL OPTIONS)-CMP-5450
Post-closing Report(17-05-2011)
As busy therefore Mid-session Outlooks could not be posted today.
Firstly follow up selling developed within yesterday range and then Nifty slipped below 5444 but down moves are without required force. As without force down moves are a part of consolidations process therefore if Nifty sustains below 5444 then sharp down moves otherwise range bound market within 5424--5605.
Firstly follow up selling developed within yesterday range and then Nifty slipped below 5444 but down moves are without required force. As without force down moves are a part of consolidations process therefore if Nifty sustains below 5444 then sharp down moves otherwise range bound market within 5424--5605.
Post-open Outlook(17-05-2011)
Following lines were told in Tomorrow(17-05-2011) Market Outlook & Technical Analysis yesterday:-
"As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions."
Following line was told in Pre-closing Outlook yesterday
sustaining beyond 5500 for next moves first indication.
Following line was told in Indian Stock Markets Closing Reports yesterday
Mixed patterns between 5490-5530
conclusion
Nifty is trading near 5500 within yesterday range(5490-5530) since opening today. As yesterday patterns were mixed and market could not prepare for any side moves therefore market has to prepare for any side moves and that will be done between yesterday range first. Coming hours intraday charts will give first indication of next Indian markets and next moves first confirmation will be sustaining beyond yesterday range(5490-5530)
"As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions."
Following line was told in Pre-closing Outlook yesterday
sustaining beyond 5500 for next moves first indication.
Following line was told in Indian Stock Markets Closing Reports yesterday
Mixed patterns between 5490-5530
conclusion
Nifty is trading near 5500 within yesterday range(5490-5530) since opening today. As yesterday patterns were mixed and market could not prepare for any side moves therefore market has to prepare for any side moves and that will be done between yesterday range first. Coming hours intraday charts will give first indication of next Indian markets and next moves first confirmation will be sustaining beyond yesterday range(5490-5530)
Tomorrow(17-05-2011) Market Outlook & Technical Analysis
Technical Analysis and Research For 17-05-2011
Range bound quiet market between 5490-5530 today and no material chage in EOD charts and indicators positions therefore no need to update today and just click following link for detailed analysis of EOD Charts:-
Weekly Outlook(16-05-2011 to 20-05-2011)
Nifty-Micro Analysis of Intra Day Chart(16-05-2011):-
Main Features
1- Range bound quiet market between 5490-5530
2- Selling indications between 5515-5530
3- Buying indications between 5490-5508
Conclusions
Market was whole day quiet and range bound after gap down opening. Market slipped but without force and above mentioned minor selling and buying indications only. Patterns are mixed and not suggesting clear indications today.
Tomorrow(17-05-2011) Outlook
As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions.
Last 8 days range(5444-5605) maintained today and not broken out and expected that it will be decided tomorrow that 5444 is surviving or not. Tomorrow intraday selling will mean testing of 5444 and slipping below possibility also. Follow up buying and sustaining above 5530 will mean testing possibility of next resistance range(5590-5605)
Range bound quiet market between 5490-5530 today and no material chage in EOD charts and indicators positions therefore no need to update today and just click following link for detailed analysis of EOD Charts:-
Weekly Outlook(16-05-2011 to 20-05-2011)
Nifty-Micro Analysis of Intra Day Chart(16-05-2011):-
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| Just click on chart for its enlarged view |
1- Range bound quiet market between 5490-5530
2- Selling indications between 5515-5530
3- Buying indications between 5490-5508
Conclusions
Market was whole day quiet and range bound after gap down opening. Market slipped but without force and above mentioned minor selling and buying indications only. Patterns are mixed and not suggesting clear indications today.
Tomorrow(17-05-2011) Outlook
As higher levels selling indicatons and lower levels buying indications therefore expected that market will take fresh positions within today range first and then today range break out will give direction to Indian markets in the coming sessions.
Last 8 days range(5444-5605) maintained today and not broken out and expected that it will be decided tomorrow that 5444 is surviving or not. Tomorrow intraday selling will mean testing of 5444 and slipping below possibility also. Follow up buying and sustaining above 5530 will mean testing possibility of next resistance range(5590-5605)
Indian Stock Markets Closing Reports(16-05-2011)
Main features of today trading are as follows:-
1- Red closing
2- Mixed patterns between 5490-5530
3- Last 8 days range(5444-5605) maintained and not broken out
Ratios:
Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(16-05-2011): 20.39
Advances & Declines:
BSE ADVANCES : 1031
BSE DECLINES : 1758
NSE ADVANCES : 412
NSE DECLINES : 1001
Nifty Open Interest Changed Today:-
Nifty- 5400 CE(26-05-2011)- +730150(+53.52%)
Nifty- 5400 PE(26-05-2011)- +704950(+9.31%)
Nifty- 5500 CE(26-05-2011)- +2908750(+72.62%)
Nifty- 5500 PE(26-05-2011)- +182100(+2.82%)
Nifty- 5600 CE(26-05-2011)- +1661450(+29.42%)
Nifty- 5600 PE(26-05-2011)- -905350(-19.49%)
Closing :-
Nifty- closed at 5,499.00(-45.75 Points & -0.83%)
Sensex- closed at 18,345.03(-186.25 Points & -1.01% )
CNX MIDCAP - closed at 7,977.70(-57.20 Points & -0.71%)
BSE SMALL CAP- closed at 8,306.55(-61.67 Points & -0.74%)
1- Red closing
2- Mixed patterns between 5490-5530
3- Last 8 days range(5444-5605) maintained and not broken out
Ratios:
Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(16-05-2011): 20.39
Advances & Declines:
BSE ADVANCES : 1031
BSE DECLINES : 1758
NSE ADVANCES : 412
NSE DECLINES : 1001
Nifty Open Interest Changed Today:-
Nifty- 5400 CE(26-05-2011)- +730150(+53.52%)
Nifty- 5400 PE(26-05-2011)- +704950(+9.31%)
Nifty- 5500 CE(26-05-2011)- +2908750(+72.62%)
Nifty- 5500 PE(26-05-2011)- +182100(+2.82%)
Nifty- 5600 CE(26-05-2011)- +1661450(+29.42%)
Nifty- 5600 PE(26-05-2011)- -905350(-19.49%)
Closing :-
Nifty- closed at 5,499.00(-45.75 Points & -0.83%)
Sensex- closed at 18,345.03(-186.25 Points & -1.01% )
CNX MIDCAP - closed at 7,977.70(-57.20 Points & -0.71%)
BSE SMALL CAP- closed at 8,306.55(-61.67 Points & -0.74%)
Nifty Spot-Levels & Trading Strategy for 17-05-2011
R3 5585
R2 5563
R1 5531
Avg 5509
S1 5477
S2 5455
S3 5423
Nifty Spot-Trading Strategy
H6 5553 Trgt 2
H5 5540 Trgt 1
H4 5528 Long breakout
H3 5513 Go Short
H2 5508
H1 5503
L1 5494
L2 5489
L3 5484 Long
L4 5469 Short Breakout
L5 5457 Trgt 1
L6 5444 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 17-05-2011
R3 5584
R2 5560
R1 5524
Avg 5500
S1 5464
S2 5440
S3 5404
Nifty(May Fut)-Trading Strategy
H6 5548 Trgt 2
H5 5534 Trgt 1
H4 5521 Long breakout
H3 5504 Go Short
H2 5499
H1 5493
L1 5482
L2 5477
L3 5471 Long
L4 5455 Short Breakout
L5 5441 Trgt 1
L6 5427 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 17-05-2011
R3 11092
R2 11035
R1 10953
Avg 10896
S1 10814
S2 10757
S3 10675
Bank Nifty(May Fut)-Trading Strategy
H6 11010 Trgt 2
H5 10978 Trgt 1
H4 10947 Long breakout
H3 10909 Go Short
H2 10896
H1 10883
L1 10858
L2 10845
L3 10832 Long
L4 10794 Short Breakout
L5 10763 Trgt 1
L6 10731 Trgt 2
FII & DII trading activity in Capital Market Segment on 16-May-2011
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Pre-closing Outlook(16-05-2011)
Nifty traded first 4 hours between 5510-5550 and last 2 hours below 5510. Although markets slipeed from day's highs and trading near today lows but intraday patterns are mixed today and showing consolidations indications also despite Red closing. It will be better to wait for tomorrow market and sustaining beyond 5500 for next moves first indication.
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