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Pre-closing Outlook(27-05-2011)
Very short term moves were expected above 5465 and it was seen also and Nifty traded last 3 hours between 5465-5485. Rally above 5444 was also projected and Nifty traded almost whole day today above 5444. Selling seen between 5475-5485 otherwise whole day intra day patterns are suggesting consolidations.
Mid-session Outlook(27-05-2011)
Some profit booking signals emerged between 5450-5461 but shorting is not advised because bullish markets consolidated at higher levels and surges sharply without giving short covering opportunity.
Nifty is sustaining above 5444 today and go long above 5465. Shorting should be considered below 5444.
5444-5465 are next very short term moves confirmation levels.
Post-open Outlook(27-05-2011)
Market showed strength,Nifty crossed 5444 in first minute and trading above mentioned resistance range(5422-5444). Strong rally started yesterday but it was non stop predicted is more than 7 outlooks in last 3 days. It is strong Indian markets indication that Nifty is trading above 5444 and between upper band of mentioned resistance range. It is the character of Bullish markets that it consolidate at higher levels.
Indications of strong rally begining and sustaining above 5444 will mean testing possibility of following next resistance ranges:-
1- 5490-5512
2- 5588-5605
Indications of strong rally begining and sustaining above 5444 will mean testing possibility of following next resistance ranges:-
1- 5490-5512
2- 5588-5605
Pre-open Outlook(27-05-2011)
US markets closed positive yesterday and most Asian markets are responding it with Green zone trading therefore sentiment is positive today morning. Expected that Nifty will first trade between 5390-5430 after Green opening. As next resistance(5422-5444) is strong therefore more consolidation is required for next rally.
No indication of down moves yesterday and rally also expected and expected that Nifty will consolidate below or near about mentioned resistance range in the coming sessions and after that rally will be seen in the coming week. Expected that Nifty will firstly hover around 5400 and after some more consolidations 5444 will be crossed in the coming week. Next resistance range(5422-5444) crossing will mean strong rally..
No indication of down moves yesterday and rally also expected and expected that Nifty will consolidate below or near about mentioned resistance range in the coming sessions and after that rally will be seen in the coming week. Expected that Nifty will firstly hover around 5400 and after some more consolidations 5444 will be crossed in the coming week. Next resistance range(5422-5444) crossing will mean strong rally..
Strong Rally above 5444
Market Outlook(27-05-2011)
Just click follwing Links of EOD and intraday chart analysis to understand today market;-
1- Nifty-Micro Analysis of Intra Day Chart For 27-05-2011
2- Technical Analysis of EOD Chart and Research
Conclusions
Moderate gains yesterday after good consolidations between 5330-5355 and bullish reversal patterns in previous sessions. As emergence of Bullish trend reversal pattern therefore rally and upmoves expectations are alive now but strong resistances at higher levels and minimum one resistance crossing will be confirmation of rally.
Following levels were given yesterday and Nifty honoured them completely:-
Following line was told in Mid-session Outlook at 11:05:00 AM Yesterday:-
"Today intra day charts are showing consolidations and move above 5422 will be strong rally confirmation"
Yesterday highest was at 5422.20 and Nifty could not moved above it.
Following line was told in Mid-session Outlook-2 at 02:04:00 PM Yesterday:-
"Next moves preparation range is 5350-5395"
Steep fall was seen after my above statement but Nifty could not dipped below 5350 and sharply surged from 5354
No indication of down moves yesterday and rally also expected but next resistance is between 5422-5444 and expected that Nifty will consolidate below or near about this range in the coming sessions and after that rally will be seen in the coming week. Expected that Nifty will firstly hover around 5400 and after some more consolidations 5444 will be crossed in the coming week. Next resistance range(5422-5444) crossing will mean strong rally.
Nifty-Micro Analysis of Intra Day Chart For 27-05-2011
Nifty-Intra Day Chart(26-05-2011):-
Main Features
1- Positive opening
2- Consolidations between 5355-5382
3- Mixed Patterns between 5372-6406
4- Voltality
Conclusions
Volitile day with consolidations at lower levels,steep fall after some profit booking and sharp surge after some more consolidations. As huge intraday volatile day therefore more intraday patterns are required for next moves confirmations.
Sharp surge seen in last half hour therefore it is strong indication of positive market but crossing of next resistance(5222-5444) is must for a sustained rally confirmation
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| Just click on chart for its enlarged view |
1- Positive opening
2- Consolidations between 5355-5382
3- Mixed Patterns between 5372-6406
4- Voltality
Conclusions
Volitile day with consolidations at lower levels,steep fall after some profit booking and sharp surge after some more consolidations. As huge intraday volatile day therefore more intraday patterns are required for next moves confirmations.
Sharp surge seen in last half hour therefore it is strong indication of positive market but crossing of next resistance(5222-5444) is must for a sustained rally confirmation
FII & DII trading activity in Capital Market Segment on 26-May-2011
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Indian Stock Markets Closing Reports(26-05-2011)
Main features of today trading are as follows:-
1- White Candle
2- All the Indices closed positive except IT and FMCG
3- Intraday patterns are showing consolidations.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(26-05-2011): 19.95
Advances & Declines
BSE ADVANCES : 1471
BSE DECLINES : 1303
NSE ADVANCES : 747
NSE DECLINES : 630
Nifty Open Interest Changed Today:
Nifty- 5300 CE(26-05-2011)- +106100(+6.61%)
Nifty- 5300 PE(26-05-2011)- +1289000(+34.14%)
Nifty- 5400 CE(26-05-2011)- +376950(+13.83%)
Nifty- 5400 PE(26-05-2011)- +843650(+26.27%)
Nifty- 5500 CE(26-05-2011)- +156950(+6.12%)
Nifty- 5500 PE(26-05-2011)- +112250(+4.86%)
Closing
Nifty- closed at 5,412.35(+63.40 Points & +1.19%)
Sensex- closed at 18,044.64(+197.40 Points & +1.11% )
CNX MIDCAP - closed at 7,750.65(-9.35 Points & -0.12%%)
BSE SMALL CAP- closed at 8,038.18(+36.46 Points & +0.46%)
1- White Candle
2- All the Indices closed positive except IT and FMCG
3- Intraday patterns are showing consolidations.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(26-05-2011): 19.95
Advances & Declines
BSE ADVANCES : 1471
BSE DECLINES : 1303
NSE ADVANCES : 747
NSE DECLINES : 630
Nifty Open Interest Changed Today:
Nifty- 5300 CE(26-05-2011)- +106100(+6.61%)
Nifty- 5300 PE(26-05-2011)- +1289000(+34.14%)
Nifty- 5400 CE(26-05-2011)- +376950(+13.83%)
Nifty- 5400 PE(26-05-2011)- +843650(+26.27%)
Nifty- 5500 CE(26-05-2011)- +156950(+6.12%)
Nifty- 5500 PE(26-05-2011)- +112250(+4.86%)
Closing
Nifty- closed at 5,412.35(+63.40 Points & +1.19%)
Sensex- closed at 18,044.64(+197.40 Points & +1.11% )
CNX MIDCAP - closed at 7,750.65(-9.35 Points & -0.12%%)
BSE SMALL CAP- closed at 8,038.18(+36.46 Points & +0.46%)
Nifty Spot-Levels & Trading Strategy for 27-05-2011
R3 5503.33
R2 5462.67
R1 5437.33
Avg 5396.67
S1 5371.33
S2 5330.67
S3 5305.33
Nifty Spot-Trading Strategy
H6 5478 Trgt 2
H5 5463 Trgt 1
H4 5448 Long breakout
H3 5430 Go Short
H2 5424
H1 5418
L1 5405
L2 5399
L3 5393 Long
L4 5375 Short Breakout
L5 5360 Trgt 1
L6 5345 Trgt 2
Nifty(JUN Fut)-Levels & Trading Strategy for 27-05-2011
R3 5474.67
R2 5441.33
R1 5415.67
Avg 5382.33
S1 5356.67
S2 5323.33
S3 5297.67
Nifty(JUN Fut)-Trading Strategy
H6 5449 Trgt 2
H5 5435 Trgt 1
H4 5422 Long breakout
H3 5406 Go Short
H2 5400
H1 5395
L1 5384
L2 5379
L3 5373 Long
L4 5357 Short Breakout
L5 5344 Trgt 1
L6 5330 Trgt 2
Bank Nifty(JUN Fut)-Levels & Trading Strategy for 27-05-2011
R3 10594.00
R2 10523.00
R1 10453.00
Avg 10382.00
S1 10312.00
S2 10241.00
S3 10171.00
Bank Nifty(JUN Fut)-Trading Strategy
H6 10524 Trgt 2
H5 10492 Trgt 1
H4 10460 Long breakout
H3 10421 Go Short
H2 10408
H1 10395
L1 10370
L2 10357
L3 10344 Long
L4 10305 Short Breakout
L5 10273 Trgt 1
L6 10241 Trgt 2
Pre-closing Outlook(26-05-2011)
Following line was told in Mid-session Outlook-2 today:-
Next moves preparation range is 5350-5395 and Nifty will trade between this range in the coming hours.
Nifty traded between this range and sharply surged and it is strong indication of strong market and confirmation level is sustaining above 5444.
Next moves preparation range is 5350-5395 and Nifty will trade between this range in the coming hours.
Nifty traded between this range and sharply surged and it is strong indication of strong market and confirmation level is sustaining above 5444.
Mid-session Outlook-2(26-05-2011)
Mid-session Outlook(26-05-2011)
Pull Back rally is being seen today but its possibility has been continuously told in almost all the previous outlooks which were posted in last 2 days and bullish moves technical reasons were also explained in more than 7 previous topics.
Today intra day charts are showing consolidations and move above 5422 will be strong rally confirmation.
NIFTY-MAY F&O-1ST BUYING OF 25-05-2011-COVERING
NIFTY MAY F & O(BOUGHT ON 25-05-2011)-COVER AND BOOK PROFIT IMMEDIATELY(WE SHALL BUY AGAIN BUT FIRST COVER)-CMP-5383
NIFTY-MAY F&O-1ST BUYING OF 25-05-2011-MESSAGE
NIFTY MAY F & O(BOUGHT ON 25-05-2011)-PLEASE DO NOT COVER AT TARGET AND JUST WAIT FOR MY COVERING MESSAGE
Pull Back Rally Possible
Pre-Open Market Outlook(26-05-2011)
Technical Analysis and Researches have already been posted in following topics with 2 Charts therefore not being repeated:-
1- Technical Analysis of EOD Chart and Research For 26-05-2011
2- Nifty-Micro Analysis of Intra Day Chart For 26-05-2011
Conclusions
Indian markets slipped without intraday selling patterns and recent down moves were the impact of melting global markets also therefore Pull Back Rally possibility is strong and may begin any day. Trend reversal pattern of Falling wedge formation in 5th corrective wave therefore correction completion and fresh rally begining is also possible.
As consolidation patterns in the previous 2/3 sessions therefore up moves,Pull Back rally and positive market expected today.
US markets closed with minor gains,Asian markets are positive today morning and sentiment improved therefore positive opening will be seen, Previous sessions consolidations and Bullish trend reversal patterns formations therefore Green closing after whole day positive zone trading expected.
Technical Analysis and Researches have already been posted in following topics with 2 Charts therefore not being repeated:-
1- Technical Analysis of EOD Chart and Research For 26-05-2011
2- Nifty-Micro Analysis of Intra Day Chart For 26-05-2011
Conclusions
Indian markets slipped without intraday selling patterns and recent down moves were the impact of melting global markets also therefore Pull Back Rally possibility is strong and may begin any day. Trend reversal pattern of Falling wedge formation in 5th corrective wave therefore correction completion and fresh rally begining is also possible.
As consolidation patterns in the previous 2/3 sessions therefore up moves,Pull Back rally and positive market expected today.
US markets closed with minor gains,Asian markets are positive today morning and sentiment improved therefore positive opening will be seen, Previous sessions consolidations and Bullish trend reversal patterns formations therefore Green closing after whole day positive zone trading expected.
Technical Analysis of EOD Chart and Research For 26-05-2011
EOD Chart(25-05-2011)
Main Features
1- 5th Corrective Wave is on
2- Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave
3- Next 1st Support at 5348(Nifty closed at 5,348.95 on 25-05-2011)
4- Next 2nd Support at 5232
5- Next 3rd Support at 5177
Conclusions
All trends are down. 5th wave trend line and rising line continuation pattern has been broken down but Pull back rally and up moves hopes are possible because:-
1- Last 16 sessions down moves are without force.
2- 5th corrective wave is on and up moves are very much technically possible after its completion.
3- Trend reversal pattern Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave.
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| Just click on chart for its enlarged view |
1- 5th Corrective Wave is on
2- Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave
3- Next 1st Support at 5348(Nifty closed at 5,348.95 on 25-05-2011)
4- Next 2nd Support at 5232
5- Next 3rd Support at 5177
Conclusions
All trends are down. 5th wave trend line and rising line continuation pattern has been broken down but Pull back rally and up moves hopes are possible because:-
1- Last 16 sessions down moves are without force.
2- 5th corrective wave is on and up moves are very much technically possible after its completion.
3- Trend reversal pattern Falling Wedge(Bullish Pattern) Formation in 5th corrective Wave.
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