Indian Stock Markets Closing Reports(02-06-2011)

Main features of today trading are as follows

1- White Candle and Red closing after gap down opening.
2- Whole day narrow range trading between (5538-5568)
3- Most Indices closed in Red.

Ratios

Nifty Put Call Ratio: 1.29
Nifty P/E Ratio(02-06-2011): 20.49

Advances & Declines

BSE ADVANCES : 1114
BSE DECLINES : 1725
NSE ADVANCES :  435
NSE DECLINES :  961

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- +301600(+9.01%)
Nifty- 5500 PE(Jun)- +1293300(+24.91%)

Nifty- 5600 CE(Jun)- +138400(+2.84%)
Nifty- 5600 PE(Jun)- +199950(+7.73%)

Closing 
Nifty- closed at 5,550.35(-41.65 Points & -0.74%)
Sensex- closed at 18,494.18(-114.63 Points & -0.62% )
CNX MIDCAP - closed at 8,022.05(-80.75 Points & -1.00%)
BSE SMALL CAP- closed at 8,242.84(-64.81 Points & -0.78%)

FII Trading Data in Derivatives Segment on 02-Jun-2011

FII & DII trading activity in Capital Market Segment on 02-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 02-Jun-2011 1748.22 1763.01 -14.79

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 02-Jun-2011 897.38 1027.98 -130.6

Nifty Spot-Levels & Trading Strategy for 03-06-2011

Nifty Spot-Levels

R3 5618
R2 5593
R1 5571
Avg 5546
S1 5524
S2 5499
S3 5477

Nifty Spot-Trading Strategy

H6 5597     Trgt 2
H5 5586     Trgt 1
H4 5575     Long breakout
H3 5562     Go Short
H2 5558
H1 5554
L1 5545
L2 5541
L3 5537     Long
L4 5524     Short Breakout
L5 5513     Trgt 1
L6 5502     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 03-06-2011

Nifty(Jun Fut)-Levels

R3 5624
R2 5600
R1 5579
Avg 5555
S1 5534
S2 5510
S3 5489

Nifty(Jun Fut)-Trading Strategy

H6 5603     Trgt 2
H5 5592     Trgt 1
H4 5582     Long breakout
H3 5570     Go Short
H2 5566
H1 5562
L1 5553
L2 5549
L3 5545     Long
L4 5533     Short Breakout
L5 5523     Trgt 1
L6 5512     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 03-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10980
R2 10929
R1 10877
Avg 10826
S1 10774
S2 10723
S3 10671

Bank Nifty(Jun Fut)-Trading Strategy

H6 10928     Trgt 2
H5 10905     Trgt 1
H4 10881    Long breakout
H3 10853     Go Short
H2 10843
H1 10834
L1 10815
L2 10806
L3 10796    Long
L4 10768    Short Breakout
L5 10744     Trgt 1
L6 10721     Trgt 2

Pre-closing Report(02-06-2011)

Completely narrow range market today and brek out of today trading range(5538-5568) will give next moves confirmations.

Mid-session Outlook-2(02-06-2011)

Nifty  traded 3 hours between 5552-5568,Moved below it and trading at present at 5548. It is strong indication of correction continuation

Mid-session Outlook(02-06-2011)

Following line was told in Market Outlook(02-06-2011)  yesterday

As selling patterns between 5576-5596 today therefore one dip will be seen tomorrow

As was told ,100% same happened and Indian markets moved up after forming opening rate bottom and since then moving up slowly and continuously in last 4 hours. Indian markets are out performing all the Asian and European markets today and Indian markets got intraday support at lower levels also. Although Indian markets slipped from higher levels today but patterns are not suggesting selling and indicating conoslidation today.

Next immediate move first confirmation range is 5552-5568 and forceful break out of this range will give confirmation to continuation/completion of correction.

Post-open Outlook(02-06-2011)

Gap down opening on expected lines today.Crucial ranges are as follows:-

1  Next Resistance Range:- 5576-5596
2- Next Support Range:- 5459-5473
3- Next moves preparation Range-1:- 5485-5560
4- Next moves preparation Range-2:- 5473-5576
5- Next Trend Confirmation Range:- 5459-5596

Expected that Nifty will prepare for next moves between 5530-5576 today and follow up intraday moves will tell for break out side of this range.

Correction of 268 Points Rally

Pre-Open Market Outlook(02-06-2011)

When Indian markets were going to close near Day's highest and Month Highest then bullish views were not posted in Pre-closing Outlook and following lines were told:-

"Whole day intraday trading range broken out(5565-5593) in last half hour and Nifty is closing near day's highest but intraday trading patterns are mixed because both buying and selling indications from today intraday charts"

As sentiment was heated and very short term indicators were overbought after 268 points rally in 5 sessions therefore its correction was possible for cooling down of indicators and it will be seen today. As this possibility was also seen therefore folloing lines were told two times yesterday:-

"Expected that Nifty will consolidate between 5540-5605 and may take few hours to few session in this process. Very much expected that Nifty will finally cross and sustain above 5605 in the coming sessions/week and strong rally will be seen"

Intraday selling was already seen yesterday and negative cue from tanking global markets also therefore Red closing is possible after gap down opening today and next conclusive moves deciding range will be 5460-5605. Expected that Nifty will prepare for next moves between 5485-5560 in the coming couple of sessions and follow up intraday moves will tell depth of down moves.

Let market prepare for next moves then will be told accordingly well in advanve before the begining of real moves in Pre,Post and Mid-session Outlooks.

Indian markets are down today but selling patterns were told in all the outlooks and also at the top of the day yesterday:- 

Indian markets can not deceive to followers of my Intraday Outlooks

Market Outlook(02-06-2011)

Nifty-Micro Analysis of Intra Day Chart(01-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Intraday selling pattern between 5576-5596
2- Minor consolidations between 5566-5572

Conclusions and Market Outlook(02-06-2011) 

Dow Jones is trading more than 200 points down and SGX Nifty is 55 points down therefore if I shall tell for any down moves at this moment then it will be understood that it is being told after getting above negative cues. Just go through my following analysis of last 2 sessions in which I never told for consolidations and also told 3 times for intraday selling patterns:-

1- Following line was told in Mid-session Outlook(01-06-2011):-

"selling at higher levels and minor consolidations at lower level"

2- Following line was told in Pre-closing Outlook(01-06-2011)

"both buying and selling indications from today intraday charts"

3- Following line was told in Nifty-Micro Analysis of Intra Day Chart For 01-06-2011

" Sentiment was heated therefore some selling patterns seen in last 1 hour(5555-5570)"

As immediate rally was least expected therefore following lines were also told two times today:-

"Expected that Nifty will consolidate between 5540-5605 and may take few hours to few session in this process. Very much expected that Nifty will finally cross and sustain above 5605 in the coming sessions/week and strong rally will be seen"

As selling patterns between 5576-5596 today therefore one dip will be seen tomorrow because sentiment may be depressed tomorrow morning after US markets deep Red expected closing today.

Tomorrow follow up intraday moves will decide the depth of down moves and until Nifty is sustaining above 5460 till then previous week begun up trend is safe.

FII Trading Data in Derivatives Segment on 01-Jun-2011

FII & DII trading activity in Capital Market Segment on 01-Jun-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 2322.81 1877.59 445.22

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 644.8 786.76 -141.96

Indian Stock Markets Closing Reports(01-06-2011)

Main features of today trading are as follows

1- White Bullish Candle
2- Most Indices closed positive
3- Highest closing in last one month.

Ratios

Nifty Put Call Ratio:1.14
Nifty P/E Ratio(31-05-2011):20.53

Advances & Declines

BSE ADVANCES : 1783
BSE DECLINES : 1046
NSE ADVANCES :  921
NSE DECLINES :  473

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- -186500(-5.16%)
Nifty- 5500 PE(Jun)- +1089700(+25.72%)

Nifty- 5600 CE(Jun)- +41500(+0.83%)
Nifty- 5600 PE(Jun)- +766100(+36.28%)

Nifty- 5700 CE(Jun)- +252800(+5.16%)
Nifty- 5700 PE(Jun)- +117300(+16.94%)

Closing 

Nifty- closed at 5,592.00(+31.85 Points & +0.57%)
Sensex- closed at 18,608.81(+105.53 Points & +0.57% )
CNX MIDCAP - closed at 8,102.80(+38.00 Points & +0.47%)
BSE SMALL CAP- closed at 8,307.65(+71.93 Points & +0.87%)

Nifty Spot-Levels & Trading Strategy for 02-06-2011

Nifty Spot-Levels

R3 5644
R2 5620
R1 5606
Avg 5582
S1 5568
S2 5544
S3 5530

Nifty Spot-Trading Strategy

H6 5630     Trgt 2
H5 5621     Trgt 1
H4 5612     Long breakout
H3 5602     Go Short
H2 5598
H1 5595
L1 5588
L2 5585
L3 5581     Long
L4 5571     Short Breakout
L5 5562     Trgt 1
L6 5553     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 02-06-2011

Nifty(Jun Fut)-Levels

R3 5656
R2 5625
R1 5607
Avg 5576
S1 5558
S2 5527
S3 5509

Nifty(Jun Fut)-Trading Strategy

H6 5639     Trgt 2
H5 5628     Trgt 1
H4 5616     Long breakout
H3 5603     Go Short
H2 5598
H1 5594
L1 5585
L2 5581
L3 5576     Long
L4 5563     Short Breakout
L5 5551     Trgt 1
L6 5540     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 02-06-2011

Bank Nifty(Jun Fut)-Levels

R3 5656
R2 5625
R1 5607
Avg 5576
S1 5558
S2 5527
S3 5509

Bank Nifty(Jun Fut)-Trading Strategy

H6 11082     Trgt 2
H5 11051     Trgt 1
H4 11021     Long breakout
H3 10984     Go Short
H2 10972
H1 10960
L1 10935
L2 10923
L3 10911     Long
L4 10874     Short Breakout
L5 10844     Trgt 1
L6 10813     Trgt 2

Pre-closing Outlook(01-06-2011)

Following lines were told in two outlooks which were written for today trading:-

As Nifty has to decisively cross 5605 therefore Nifty may take few hours to few session in consolidation process between 5540-5605.

Whole day intraday trading range broken out(5565-5593) in last half hour and Nifty is closing near day's highest but intraday trading patterns are mixed because both buying and selling indications from today intraday charts. Sustaining beyond today intraday trading range will be next big moves strong confirmations in the coming sessions.

Mid-session Outlook(01-06-2011)

Following line was told in all the outlooks which were written for today trading:-


"sentiment was heated and intraday selling patterns seen in the last one hour between 5555-5570"

It was also told each time that market require consolidations for any up move. Nifty is trading between 5565-5595 since opening today. Although market slipped from higher level after some selling but patterns are mixed and no clear indication yet. Market require complete preparaton for any side sustainned moves and it is being done in tight range moves tday.

As selling at higher levels and minor consolidations at lower level also today therefore break out of this range(5555-5595) will be next moves first strong indication.

Pre-open Outlook(01-06-2011)

Asian markets are trading with minor gains and sentiment is quiet today morning. Selling patterns seen in the last one hour between 5555-5570 yesterday therefore intraday consolidation is first demand before any up move and expected that Nifty will first trade near about this range today. As Indian markets are between resistance range(5500-5605) therefore consolidation is prime requirement for next up move and sustaining above 5605.

As per my view Nifty will trade first between 5540-5605 in all types of Bullish/Bearsh sentiments and and sustaining beyond this range will give confirmation to next Indian markets.

Expected that Nifty will consolidate between 5540-5605 and may take few hours to few session in this process. Very much expected that Nifty will finally cross and sustain above 5605 in the coming sessions/week and strong rally will be seen.

Next moves confirmation range- sustaining beyond 5540-5605