Indian Stock Markets Closing Reports(18-05-2011)

Main features of today trading are as follows

1- Intraday voltality between 5404-5447.
2- All the Indices closed in Red except IT.
3- Most of the Indices Intraday charts are showing consolidation patterns.

Ratios:

Nifty Put Call Ratio:0.85
Nifty P/E Ratio(18-05-2011):20.18

Advances & Declines:

BSE ADVANCES : 1034
BSE DECLINES : 1752
NSE ADVANCES :  406
NSE DECLINES : 1000

Nifty Open Interest Changed Today

Nifty- 5300 CE(26-05-2011)- +240000(+96.08%)
Nifty- 5300 PE(26-05-2011)- -157450(-2.86%)

Nifty- 5300 CE(26-05-2011)- +2300500(+55.99%)
Nifty- 5300 PE(26-05-2011)- +626300(+8.21%)

Nifty- 5300 CE(26-05-2011)- +997750(+13.71%)
Nifty- 5300 PE(26-05-2011)- -415150(-7.75%)

Closing

Nifty- closed at 5,420.60(-18.35 Points & -0.34%)
Sensex- closed at 18,086.20(-51.15 Points & -0.28% )
CNX MIDCAP - closed at 7,861.55(-55.20 Points & -0.70%)
BSE SMALL CAP- closed at 8,189.57(-65.90 Points & -0.80%)

FII & DII trading activity in Capital Market Segment on 18-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 18-May-2011 2451.46 2830.9 -379.44

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 18-May-2011 1115.97 1088.51 27.46

Nifty Spot-Levels & Trading Strategy for 19-05-2011

Nifty Spot-Levels

R3 5512
R2 5486
R1 5453
Avg 5427
S1 5394
S2 5368
S3 5335

Nifty Spot-Trading Strategy

H6 5479     Trgt 2
H5 5465     Trgt 1
H4 5452     Long breakout
H3 5436     Go Short
H2 5430
H1 5425
L1 5414
L2 5409
L3 5403     Long
L4 5387     Short Breakout
L5 5374     Trgt 1
L6 5360     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 19-05-2011

Nifty(May Fut)-Levels

R3 5525
R2 5494
R1 5459
Avg 5428
S1 5393
S2 5362
S3 5327

Nifty(May Fut)-Trading Strategy

H6 5490    Trgt 2
H5 5475     Trgt 1
H4 5460     Long breakout
H3 5442     Go Short
H2 5436
H1 5430
L1 5417
L2 5411
L3 5405     Long
L4 5387     Short Breakout
L5 5372     Trgt 1
L6 5357     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 19-05-2011

Bank Nifty(May Fut)-Levels

R3 10824
R2 10753
R1 10675
Avg 10604
S1 10526
S2 10455
S3 10377

Bank Nifty(May Fut)-Trading Strategy

H6 10746     Trgt 2
H5 10712     Trgt 1
H4 10678     Long breakout
H3 10637     Go Short
H2 10624
H1 10610
L1 10583
L2 10569
L3 10556     Long
L4 10515     Short Breakout
L5 10481     Trgt 1
L6 10447     Trgt 2

Pre-closing Outlook(18-05-2011)

Minor selling developed between 5430-5440 today. As sson as we got confirmation of intraday selling today then we covered our long positions without waiting for more down levels.

Indian markets slipped sharp,got intraday support also between 5405-5415 and since then huge voltality. In such voltality technical positions reverses also. All thrends are down and Nifty is trading below 5444 whole day today therefore if Nifty sustains below 5444 tomorrow also then it will be bearish markets confirmations and in that situation sharp down moves will be seen below 5400.  As intraday support also seen at lower levels therefore today trading range(5404-5447) break out will be watched for next moves confirmations

NIFTY-MAY F&O-1ST BUYING OF 17-05-2011-COVERING

NIFTY MAY F & O(BOUGHT ON 17-05-2011)-COVER IMMEDIATELY-CMP-5435

Post-open Outlook(18-05-2011)

Intraday support seen between 5422-5430 today.

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

Technical Analysis and Research

Nifty-Technical Analysis of EOD Chart(17-05-2011)

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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.

FII Trading Data in Derivatives Segment on 17-May-2011

FII & DII trading activity in Capital Market Segment on 17-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 17-May-2011 1968.92 2456.12 -487.2

DII trading activity on NSE and BSE in Capital Mayket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-May-2011 814.27 1384.56 -570.29

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%)

Nifty Spot-Levels & Trading Strategy for 18-05-2011

Nifty Spot-Levels

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

Nifty(May Fut)-Levels

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

Bank Nifty(May Fut)-Levels

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.

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)

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):-

Just click on chart for its enlarged view

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)

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%)