Nifty traded within 5402-5447 yesterday with intraday consolidation patterns but Nifty slipped from higher levels today after 45 minutes range bound trading between 5428-5441. Intraday patterns are suggesting consolidations today also and upmove is finally expected. Next move confirmation range is 5400-5447.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Bounce Back Expected Tomorrow(19-05-2011)
Tomorrow(19-05-2011) Market Outlook, Technical Analysis & Research
No change in EOD charts and indicators therefore views are same and are being repeated again. All trenbds are down and Nifty sustained 2 days below rising trend line of Wave-5. As 3 days sustaining below is technical confirmations requirement and if Nifty sustains below 5444 tomorrow also then it will be confirmation of deeper down moves.
Nifty-Micro Analysis of Intra Day Chart(18-05-2011):-
Main Features
1- Minor conslidations between 5422-5430
2- Minor Distributions between 5435-5447
3- conslidations between 5402-5425
Conclusions
Intraday Patterns are sugesting consolidations despite Red closing today.
Conclusions & Tomorrow(19-05-2011) Outlook
As intraday patterns of today are suggesting consolidations after yesterday intraday consolidation formations therefore support building up is felt at 5400 and expected that a bounce back will be seen in the coming sessions and Nifty will move above 5444 also. For precaution sustaining above 5400 will be watched tomorrow.
No change in EOD charts and indicators therefore views are same and are being repeated again. All trenbds are down and Nifty sustained 2 days below rising trend line of Wave-5. As 3 days sustaining below is technical confirmations requirement and if Nifty sustains below 5444 tomorrow also then it will be confirmation of deeper down moves.
Nifty-Micro Analysis of Intra Day Chart(18-05-2011):-
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| Just click on chart for its enlarged view |
1- Minor conslidations between 5422-5430
2- Minor Distributions between 5435-5447
3- conslidations between 5402-5425
Conclusions
Intraday Patterns are sugesting consolidations despite Red closing today.
Conclusions & Tomorrow(19-05-2011) Outlook
As intraday patterns of today are suggesting consolidations after yesterday intraday consolidation formations therefore support building up is felt at 5400 and expected that a bounce back will be seen in the coming sessions and Nifty will move above 5444 also. For precaution sustaining above 5400 will be watched tomorrow.
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
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Nifty Spot-Levels & Trading Strategy for 19-05-2011
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
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
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
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
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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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)
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