Nifty Spot-Levels & Trading Strategy for 01-06-2011

Nifty Spot-Levels

R3 5673.00
R2 5622.00
R1 5591.00
Avg 5540.00
S1 5509.00
S2 5458.00
S3 5427.00

Nifty Spot-Trading Strategy

H6  5643    Trgt 2
H5  5624    Trgt 1
H4  5605    Long breakout
H3  5582    Go Short
H2  5575
H1  5567
L1  5552
L2  5544
L3  5537    Long
L4  5514    Short Breakout
L5  5495    Trgt 1
L6  5476    Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 01-06-2011

Nifty(Jun Fut)-Levels

R3 5667.67
R2 5615.33
R1 5584.67
Avg 5532.33
S1 5501.67
S2 5449.33
S3 5418.67

Nifty(Jun Fut)-Trading Strategy

H6 5638     Trgt 2
H5 5618     Trgt 1
H4 5599     Long breakout
H3 5576     Go Short
H2 5569
H1 5561
L1 5546
L2 5538
L3 5531     Long
L4 5508     Short Breakout
L5 5489     Trgt 1
L6 5469     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 01-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11220.00
R2 11082.00
R1 11006.00
Avg 10868.00
S1 10792.00
S2 10654.00
S3 10578.00

Bank Nifty(Jun Fut)-Trading Strategy

H6 11147     Trgt 2
H5 11097     Trgt 1
H4 11047     Long breakout
H3 10988     Go Short
H2 10969
H1 10949
L1 10910
L2 10890
L3 10871     Long
L4 10812     Short Breakout
L5 10762     Trgt 1
L6 10712     Trgt 2

Pre-closing Outlook(31-05-2011)

All are Bullish today but today Bullish market was told minimum 3 times in this Blog yesterday and following lines were also told:-

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.

Today low is at 5489.70. Bulls broken the gate and conquered 71% land of  bears(5500-5605) today and expected that will first take rest and gain strength between 5540-5600 tomorrow.

As sentiment turned heated in last 1 hour therefore matket will first consolidate between 5540-5600 tomorrow and after that rally above 5605 will be seen within couple of sessions.

Importance of Intraday Charts analysis

Intraday charts analysis is key of stocks and  commodities markets analysis and following types of predictions are possible only after complete command on intraday charts analysis.

No confusion,no guessing,not both sides many levels,no futile talks and only clear accurate predictions on the basis of intraday charts analysis in following lines yesterday;-

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.

Enjoy Daily Profits Prediction on 30-05-2011 for today

Following line was told yesterday in Technical Analysis,Research & Market Outlook for 31-05-2011

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.

Mid-session Outlook-2(31-05-2011)

Panic down after profit booking and GDP down news but support above 5500 therefore yesterday started fresh upmove is intact.

Mid-session Outlook(31-05-2011)

Profit booking seen between 5520-5532 and market down after GDP announcement. As profit booking seen between resistance range(5500-5605) therefore sustaining above 5509 is must for next upmove confirmations.

              All moves of Indian Stock Markets 
                  are predicted only in this Blog

            Bullish Market and Today Rally 

             was non stop,again and again 

         Predicted only in this Blog

       

          Only We Told Rally In 

          Indian Stock Markets

Post-open Outlook(31-05-2011)

Indian markets closed flat and slipped from higher levels yesterday but intraday charts showed consolidations therefore today upmove was proved and following lines were told yesterday

intraday patterns of today are suggesting whole day consolidations therefore upmoves with continuous consolidations possibility is high

Just verify above lines from following topic:-

Nifty-Micro Analysis of Intra Day Chart For 31-05-2011

Following line was also told in Pre-closing Outlook yesterday

Intraday charts of today are suggesting consolidations. Upmoves are expected in the coming sessions

Market require consolidation before every rise between 5500-5605 therefore expected that slow and steady up moves will be seen. As Indian markets have entered into strong resistance range therefore consolidations require after every rise and sustaining above 5509 will be next upmove confirmation and trigger for next upmoves .

Intraday patterns of first 45 minutes are showing consolidations therefore expected that Nifty will sustain above 5509 and upmoves will be seen.

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.

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.

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

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) Category Date Buy Value Sell Value Net Value FII 01-Jun-2011 2431.25 2177.77 253.48

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Jun-2011 740.25 790.64 -50.39

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.

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%)

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

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

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

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.