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which is updating Nifty & Indian Stock Markets
"Daily and Weekly accurate Outlooks" 
with "Intraday Charts Analysis"for the 
last more than "14 years" means from "2010". 
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in the "bottom of this Website".

Pre-open Outlook(31-05-2011)

Dow futures is trading 70 points up today morning therefore sentiment is good and all the Asian markets are trading positive today morning,expected that Nifty will open positive and firstly hover around 5500. It has already been proved in following topic that 5500-5605 is strong resistance range and Indian markets require complete consolidations to cross it.

Why range of 5500-5605 is Next Trend Deciding?

Expected that Nifty will first trade between yesterday range(5458-5509) and break out of this range will give confirmation to next moves. Sustaining above 5509 today will give confirmation to yesterday consolidation and up moves expectations will turn higher after continuous consolidation between 5500-5605.
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Technical Analysis,Research & Market Outlook for 31-05-2011

Technical Analysis,Research(EOD & Weekly) for current week and Micro Analysis of Intra Day Chart(30-05-2011) have already been explained in following topics:-

1- Nifty-Micro Analysis of Intra Day Chart For 31-05-2011
2- Weekly Outlook(May 30 to Jun 03,2011)

Conclusions (After Putting All Studies Together)

Nifty Black Candle today but it does not mean weak market and selling. Broader market was not weak but Mid Cap and Small Cap Indices closed positive with more than half pct gains. Above all conslusions from Micro Analysis of today intra Day Chart is showing consolidation patterns. Support and base formation seen between 5459-5473 today and Nifty sustaining above 5473 tomorrow will mean Bull gaining strength between 5459-5473 today for conquering next strong resistance(5500-5605)

Expected that Nifty will finally sustain above 5473 tomorrow and will open the gate of next resistance(5500-5605) and Indian markets will close positive tomorrow.

Only sustaining beyond 5459-5473 will be watched for next moves confirmations.



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FII Trading Data in Derivatives Segment on 30-May-2011

















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FII & DII trading activity in Capital Market Segment on 30-May-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII01-Jun-20112431.252177.77253.48


DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII01-Jun-2011740.25790.64-50.39
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Nifty-Micro Analysis of Intra Day Chart For 31-05-2011

Nifty-Intra Day Chart(30-05-2011):-
Just click on chart for its enlarged view
Main Features

1- Support,base formation and consolidation between 5459-5473
2- Although Nity slipped from higher levels continuously 5 times but Patterns are showing consolidations
3- Whole day intraday consolidation

Conclusions

Intraday charts of today are suggesting whole day consolidations patterns.

Following lines were told at 01:19:00 PM in Mid-session Outlook-2 today:-

'Intraday support and base formation indication between 5459-5473 today.Now Nifty susaining above 5473 will be watched first for next up moves confirmations"

Nifty closed exactly at 5,473.10 today and intraday patterns of today are suggesting whole day consolidations therefore upmoves with continuous consolidations possibility is high. Sustaining beyond 5459-5473 will be next moves confirmations.

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Indian Stock Markets Closing Reports(30-05-2011)

Main features of today trading are as follows

1- Broader market positive.
2- Main Indices closed flat while Mid Cap and Small Cap Indices closed positive with half pct up
3- Intraday Charts are showing consolidations.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(27-05-2011):20.26

Advances & Declines

BSE ADVANCES : 1618
BSE DECLINES : 1172
NSE ADVANCES :  854
NSE DECLINES :  543

Nifty Open Interest Changed Today

Nifty- 5400 CE(Jun)- -232250(-7.67%)
Nifty- 5400 PE(Jun)- -90100(-1.68%)

Nifty- 5500 CE(Jun)- +845550(+26.16%)
Nifty- 5500 PE(Jun)- +488100(+17.32%)

Closing 

Nifty- closed at 5,473.10(-3.00 Points & -0.05%)
Sensex- closed at 18,232.06(-34.04 Points & -0.19% )
CNX MIDCAP - closed at 7,945.90(+70.55 Points & +0.90%)
BSE SMALL CAP- closed at 8,154.64(+44.78 Points & +0.55%)
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Nifty Spot-Levels & Trading Strategy for 31-05-2011

Nifty Spot-Levels

R3 5553
R2 5531
R1 5502
Avg 5480
S1 5451
S2 5429
S3 5400

Nifty Spot-Trading Strategy

H6 5524     Trgt 2
H5 5512     Trgt 1
H4 5501     Long breakout
H3 5487     Go Short
H2 5482
H1 5477
L1 5468
L2 5463
L3 5458     Long
L4 5444     Short Breakout
L5 5433     Trgt 1
L6 5421     Trgt 2
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Nifty(Jun Fut)-Levels & Trading Strategy for 31-05-2011

Nifty(Jun Fut)-Levels                                                                                  


R3 5551
R2 5524
R1 5495
Avg 5468
S1 5439
S2 5412
S3 5383

Nifty(Jun Fut)-Trading Strategy

H6 5522     Trgt 2
H5 5509     Trgt 1
H4 5496    Long breakout
H3 5481     Go Short
H2 5476
H1 5471
L1 5460
L2 5455
L3 5450     Long
L4 5435     Short Breakout
L5 5422    Trgt 1
L6 5409     Trgt 2
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Bank Nifty(Jun Fut)-Levels & Trading Strategy for 31-05-2011

Bank Nifty(Jun Fut)-Levels

R3 10869
R2 10804
R1 10752
Avg 10687
S1 10635
S2 10570
S3 10518

Bank Nifty(Jun Fut)-Trading Strategy

H6 10817     Trgt 2
H5 10791     Trgt 1
H4 10764     Long breakout
H3 10732     Go Short
H2 10721
H1 10710
L1 10689
L2 10678
L3 10667     Long
L4 10635     Short Breakout
L5 10608     Trgt 1
L6 10582     Trgt 2
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Pre-closing Outlook(30-05-2011)

Intraday charts of today are suggesting consolidations. Upmoves are expected in the coming sessions and sustaining beyond 5459-5473 will be next moves confirmations.
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Mid-session Outlook-2(30-05-2011)

Intraday support and base formation indication between 5459-5473 today.Now Nifty susaining above 5473 will be watched first for next up moves confirmations.
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Mid-session Outlook(30-05-2011)

Following line was told in Weekly Outlook(May 30 to Jun 03,2011):-

Expected that Nifty will first trade and prepare for next moves between 5440-5500

Following line was told in Why range of 5500-5605 is Next Trend Deciding?:-

good selling between 5500-5605 in 9 previous sessions and this range is strong resistance.

As 5500-5605 is strong resistance therefore Nifty could not sustain within it after strong opening and slipped. Nifty is trading between mentioned range(5440-5500) for the last 2 hours and preparing for next decisive moves.

Let Indian market prepare for next moves and according to intraday charts formatiions it will be concluded that Nifty is crossing mentioned resistance range or not. Whenever final conclusions will be drawn then will be posted
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Post-open Outlook(30-05-2011)

Strong opening and Nifty is hovering around 5500 and it is continuation of uptrend indication. Indian markets will prepare for next moves near 5500 and sustaining beyond 5500 will be watched today for next moves confirmations.
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Weekly Outlook(May 30 to Jun 03,2011)

Technical Analysis and Research,Micro Analysis of Nifty Intra Day Charts,Technical Positions and Levels have already been explained in following topicS with Intraday,EOD and Weekly Charts therefore not being repeated. Just click on topic name and go through following topics to Understand Indian markets.

1- Indian Stock Markets Closing Reports(27-05-2011)



Conclusions (After Putting All Studies Together)

All trends are down and very short term trend is up after last week lower levels consolidation and support. It is clear from EOD chart that falling channel has been broken out but up moves confirmation is required from weekly closing above Wave-5 trend line(Rising lower trend line of Pennant). It is clear from Nifty-Micro Analysis of 10 Days Intra Day Chart(May 04 to May 17,2011) that strong resistance between 5500-5605 and market require complete consolidations to move above 5605.

It is clear from Nifty-EOD Chart that Nifty is hanging between lower levels supports and higher level resistance therefore Indian markets are not prepared for any side sustained trend and decisive moves.

Bullish weekly hammer formation in previous week,EOD and weekly chart structure are suggesting that previous 7 month months fall as a correction and falling Wedge pattern formation was seen in previous week therefore it seems that trend has reversed in previous week and Nifty will consolidate,test and cross next strong resistance range(5500-5605) in the coming weeks and Nifty will finally cross 5605.

Expected that Nifty will first trade and prepare for next moves between 5440-5500 in the begining of coming week Let market prepare for next moves and according to intraday charts formatiions it will be concluded that Nifty is crossing mentioned resistance range or not. Whenever final conclusions will be drawn then will be posted in any of the Pre,Post or Mid-Session outlooks,as was predicted well before the begining of previous week rally.
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Technical Analysis of EOD Chart For 30-05-2011

Nifty-EOD Chart(27-05-2011):-
Just click on chart for its enlarged view
Next Resistance is at 5605 and Supports are as follows:-

1- 5444
2- 5348
3- 5328
4- 5238
5- 5177

Falling Channel formation seen in 19 previous sessions and it was broken out in previous week. Nifty sustaining above falling upper trend line will be ist upmove confirmation in the coming sessions.
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Technical Analysis of Weekly Chart

Nifty-Weekly Chart(27-05-2011):-
Just click on chart for its enlarged view
Wave-5 started on 11-02-2011 from 5178 but Nifty moved below its trend line and closed below it in 2 previous weeks. As wave-5 breaking down was without force and last week candle is Bullish Hammer therefore very short term upmove seen in previous week.

Continuation Pennant pattern formation in last 7 months correction and Wave-5 formation but it was also broken down 2 weeks before. Upmove started in last week but Nifty is still below Rising lower trend line of Pennant and moving above it will validate the existence of Pennant pattern.

Rally started in last week and uptrend confirmation will be after weekly closing above Wave-5 trend line(Rising lower trend line of Pennant)
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Why range of 5500-5605 is Next Trend Deciding?

Nifty-Micro Analysis of 10 Days Intra Day Chart(May 04 to May 17,2011)
Just click on chart for its enlarged view
It is clear from above 10 days intra day chart that Nifty traded between 5410-5605 between May 04 and May 17,2011. Nifty slipped sharply on 17-05-2011 after good selling between 5500-5605 in 9 previous sessions and this range is strong resistance.

Nifty formed the top at 5485 last Friday after good consolidations but above shown strong resistance also therefore Indian markets require complete consolidations to cross 5605 and it will take its own time. Follow up buying requires in the coming week and moves above 5605 will give following 2 conclusions:-

1- Crossing of strong resistance
2- Crossing 200 Day EMA(today at 5606) will mean Long term trend and all trends turning up and that will be begining of Bullish phase also.
3- Failing to cross 5605 will mean fusing of previous week started rally and that will mean minimum testing possibility of previous week bottom .

Previous week closing at 5476 and Nifty is at the verge of next crucial moves deciding range. Let Indian market prepare for next moves and according to intraday charts formatiions it will be concluded that Nifty is crossing mentioned resistance range or not. Whenever final conclusions will be drawn then will be posted in any of the Pre,Post or Mid-Session outlooks,as was predicted well before the begining of previous week rally.
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Daily Indicators and Averages Analysis

Daily Indicators and Averages Analysis Chart:-
Just click on chart for its enlarged view
Conclusions

1- Averages(EMA-8,21,55,200)- Nifty moved and closed(5476) above 8 day EMA(5435) but below 21 day EMA(5506) and short term top is at 5518 therefore short term trend is still down.55 day EMA is at 5587 and 200 day EMA is at 5606 and intermediate term top is at 5605 therefore intermediate and long term trends will be up above 5606.

2- Bollinger Band- Nifty started up moves after getting support above lower band and resting below Mid Line(5502). As lower levels good support therefore testing of Mid Line and Upper Band is possible.

3- MACD- Both lines are kissing above over sold zone. Average line is flat while MACD line is moving up. Upward intersection of Average line will be upmoves confirmation and it is expected also.

4- ROC- Positive divergence in oversold area and moving up but below equalibrium line. Although upmoves confirmation will be moving above equalibrium line but expected that Nifty will move above it and will give upmoves confirmations.

5- RSI- Positive divergence in oversold area and moving up but below equalibrium line. Although upmoves confirmation will be moving above equalibrium line but expected that Nifty will move above it and will give upmoves confirmations.

6- Slow Stochastic- Very short term indicator and remained almost 1 month in oversold zone and moved above it in previous week. As passed sufficient time in oversold zone and now moved above therefore expected that overbought area will be tested by this fast moving very short term oscillator.

7- William %R- Very short term indicator and remained almost 1 month in oversold zone and moved above it in previous week. As passed sufficient time in oversold zone and now moved above therefore expected that overbought area will be tested by this fast moving very short term oscillator.
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Recent Topics,Technical Analysis,News & Research For 30-05-2011 Trading

13 Topics have been posted for 30-05-2011 trading and more topics will be posted today and tomorrow.Just click at following topics names and go through as well as analyse Chart:-

Topics prepared by Enjoy Daily Profits

2- Nifty-Micro Analysis of Intra Day Chart for 30-05-2011 trading
3- Nifty Spot-Levels & Trading Strategy for 30-05-2011
4- Nifty(Jun Fut)-Levels & Trading Strategy for 30-05-2011
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When Whole India & Business TV Channels

     were Bearish and telling for 5200 then  

        Bullish Market and Pull Back Rally 

           was non stop,again and again 

        Predicted only in this Blog

          Only We Told Rally In 
          Indian Stock Markets
          
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Nifty Spot-Levels & Trading Strategy for 30-05-2011

Nifty Spot-Levels

R3 5575.00
R2 5530.00
R1 5503.00
Avg 5458.00
S1 5431.00
S2 5386.00
S3 5359.00

Nifty Spot-Trading Strategy

H6  5548    Trgt 2
H5  5532    Trgt 1
H4  5515    Long breakout
H3  5495    Go Short
H2  5489
H1  5482
L1  5469
L2  5462
L3  5456    Long
L4  5436    Short Breakout
L5  5419    Trgt 1
L6  5403    Trgt 2
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