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Market Outlook(08-06-2011)

Nifty-Micro Analysis of Intra Day Chart (07-06-2011)
Just click on chart for its enlarged view
Main Features

1- Consolidation pattern between 5510-5540
2- Last 2 hours mixed patterns between 5550-5570.

Conclusions

Continuous up moves with lower levels good consolidations and mixed patterns between 5550-5570 in last 2 hours today therefore trading between this range or beyond this range will be watched first tomorrow.

Market Outlook(08-06-2011)

Good supports at lower levels and next crucial resistance range is 5580-5604. Nifty traded 2 hours just below it with mixed patterns yesterday. Nifty has already retraced from this range 5 times in last 27 sessions therefore view will remain cautious but it does'not mean that this time Nifty will again retrace from mentioned resistance range.

Although mentioned resistance range will be firstly watched tomorrrow but expected that Nifty will finally consolidate between mentioned resistance range and decisive rally above 5605 will start from within couple of sessions.

For precaution sustaining beyond mentioned resistance range(5580-5604) must be watched first for next moves confirmations.

FII Trading Data in Derivatives Segment on 07-Jun-2011


FII & DII trading activity in Capital Market Segment on 07-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII07-Jun-20112012.411899.71112.7


DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII07-Jun-2011692.19660.931.29

Indian Stock Markets Closing Reports(07-06-2011)

Main features of today trading are as follows

1- White Candle.
2- Whole day continuous up moves
3- All the Indices closed in Green except CG AND FMCG.

Ratios

Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(07-06-2011): 20.52

Advances & Declines

BSE ADVANCES : 1513
BSE DECLINES : 1283
NSE ADVANCES :  808
NSE DECLINES :  578

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- +129800(+3.10%)
Nifty- 5500 PE(Jun)- +614300(+9.72%)

Nifty- 5600 CE(Jun)- +183050(+3.42%)
Nifty- 5600 PE(Jun)- +485900(+17.47%)

Closing 

Nifty- closed at 5,556.15(+24.10 Points & +0.44%)
Sensex- closed at 18,495.62(+75.51 Points & +0.41% )
CNX MIDCAP - closed at 8,043.25(+51.60 Points & +0.65%)
BSE SMALL CAP- closed at 8,306.37(+53.57 Points & +0.65%)

Nifty Spot-Levels & Trading Strategy for 08-06-2011

Nifty Spot-Levels

R3 5644
R2 5607
R1 5581
Avg 5544
S1 5518
S2 5481
S3 5455

Nifty Spot-Trading Strategy

H6 5619     Trgt 2
H5 5605     Trgt 1
H4 5590     Long breakout
H3 5573     Go Short
H2 5567
H1 5561
L1 5550
L2 5544
L3 5538     Long
L4 5521     Short Breakout
L5 5506     Trgt 1
L6 5492     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 08-06-2011

Nifty(Jun Fut)-Levels

R3 5659
R2 5618
R1 5590
Avg 5549
S1 5521
S2 5480
S3 5452

Nifty(Jun Fut)-Trading Strategy

H6 5631     Trgt 2
H5 5615     Trgt 1
H4 5599    Long breakout
H3 5580     Go Short
H2 5574
H1 5568
L1 5555
L2 5549
L3 5543     Long
L4 5524     Short Breakout
L5 5508     Trgt 1
L6 5492     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 08-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11115
R2 11020
R1 10950
Avg 10855
S1 10785
S2 10690
S3 10620

Bank Nifty(Jun Fut)-Trading Strategy

H6 11046   Trgt 2
H5 11008   Trgt 1
H4 10970   Long breakout
H3 10925   Go Short
H2 10910
H1 10895
L1 10864
L2 10849
L3 10834    Long
L4 10789    Short Breakout
L5 10751    Trgt 1
L6 10713    Trgt 2

Pre-closing Outlook(07-06-2011)

Indian markets are positive today and last 2 sessions outlooks are live proof of this fact that up moves possibility was told more than 10 times and down moves were never told.

Next and crucial resistance range is 5580-5604 and Nifty is trading just below it. Nifty has retraced from this range 5 times in last 26 sessions therefore view will remain cautious but it does'not mean that this time Nifty will again retrace from mentioned range.

Although Indian markets are moving up since opening but lacking force therefore Nifty require more consolidations for sustaining above today last 2 hours trading range(5550-5570) and next resistance range(5580-5604).

Nifty is not prepared for breaking out 5604 and will trade and prepare for next moves below 5580 some more time. As patterns are mixed therefore  trading between 5550-5570 will the watched today and in the coming sessions for next moves confirmations.

Mid-session Outlook(07-06-2011)

Following lines were told yesterday in Nifty-Micro Analysis of Intra Day Chart For 07-06-2011:-

1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.
3- Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.

Consolidation higher level was told at 5510 and Nifty is trading above it since opening today. Mixed patterns were told near 5535 and Nifty is trading near 5535 for the last 2 hours and preparing for next moves.

Expected that Nifty will finally move above 5540.

Post-open Outlook-2(07-06-2011)

Nifty traded last 45 minutes between 5530-5540 with intraday mixed trading patterns and Nifty is trading between this range for the last half hour today. Nifty sustaining beyond this range will be strong indication of next moves and today market preparations(Buying or Selling)

Post-open Outlook(07-06-2011)

Opening in Red but not weak today morning. Following line was told yesterday in Nifty-Micro Analysis of Intra Day Chart For 07-06-2011:-

"Good consolidations between 5480-5510"

Nifty is trading above this range and sustaining above this range today will be up move confirmation.

Good lower levels consolidations yesterday and follow up buying today pave the way of next resistance range(5580-5604) testing and it is expected also.

Pre-open Outlook(07-06-2011)

Asian markets are down after weaker US cues therefore sentiment is weak and and Indian markets will open weak. Nifty will trade between yesterday range and prepare for next moves. Buying at lower levels and mixed patterns at higher levels yesterday therefore Indian markets have to prepare for any side moves and it will be done near 5500 first.

Sustaining beyond yesterday range(5480-5542) will give confirmation that:-

"Last Friday started correction from 5604 is continued or finished"

Let Indian markets prepare then will be decided from intraday charts formations and will be posted accordingly.

Market Outlook(07-06-2011)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topicS with 2 Charts therefore not being repeated:-

1- Nifty-Micro Analysis of Intra Day Chart For 07-06-2011



Conclusions (After Putting All Studies Together)

Long term trend is down. Intermediate term and short term trends are sideways. All the trends will be up above 5605. Nifty is trading between 5329-5605 for the last 26 sessions with Inverted Head and Shoulders(Bullish) formations,Neckline is at 5605 and above it all the trends will also be up therefore blasting rally will be seen above 5605.

Next Resistance and Supports are as follows

1- Next Resistance between 5580-5604
2- Next Support,base formation and consolidation between 5459-5520.

Expected next trading range is 5500-5570 and Nifty will prepare for next moves within it. As support and base formations at lower levels therefore follow up buying today will mean testing of above mentioned range and its possibility is strong. Next decisive moves confirmation range is 5459-5605.

Nifty-Micro Analysis of Intra Day Chart For 07-06-2011

Nifty-Intra Day Chart(06-06-2011):-
Just click on chart for its enlarged view
Main Features

1- Good consolidations at lower levels.
2- Last 45 Minutes hovering around 5535 with mixed patterns.

Conclusions

Nifty consolidated and got last 3 Hours support between 5510-5535 last Friday and also Nifty crossed this range today. Whole day Good consolidations between 5480-5510 today except last 45 minutes mixed patterns.

Nifty suatining beyond 5535 tomorrow will decide that last Friday started correction from 5604 is continued or finished.

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

Main features of today trading are as follows

1- Weak opening and positive closing.
2- White Candle.
3- Good support at lower levels in all the Indices.

Ratios

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(06-06-2011): 20.43

Advances & Declines

BSE ADVANCES : 1296
BSE DECLINES : 1508
NSE ADVANCES :  561
NSE DECLINES :  830

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- +305550(+7.71%)
Nifty- 5500 PE(Jun)- +832750(+14.68%)

Nifty- 5600 CE(Jun)- -271150(-4.77%)
Nifty- 5600 PE(Jun)- +165800(+6.27%)

Closing

Nifty- closed at 5,532.05(+15.30 Points & +0.28%)
Sensex- closed at 18,420.11(+43.63 Points & +0.24% )
CNX MIDCAP - closed at 7,991.65(-1.30 Points &-0.02%)
BSE SMALL CAP- closed at 8,252.80(+14.11 Points & +0.17%)

FII Trading Data in Derivatives Segment on 06-Jun-2011


FII & DII trading activity in Capital Market Segment on 06-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII06-Jun-20111589.11790.88-201.78


DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII06-Jun-2011720.73535.74184.99

Nifty Spot-Levels & Trading Strategy for 07-06-2011

Nifty Spot-Levels

R3 5619
R2 5580
R1 5556
Avg 5517
S1 5493
S2 5454
S3 5430

Nifty Spot-Trading Strategy

H6 5595     Trgt 2
H5 5581     Trgt 1
H4 5566     Long breakout
H3 5549     Go Short
H2 5543
H1 5537
L1 5526
L2 5520
L3 5514     Long
L4 5497     Short Breakout
L5 5482     Trgt 1
L6 5468    Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 07-06-2011

Nifty(Jun Fut)-Levels

R3 5632
R2 5589
R1 5561
Avg 5518
S1 5490
S2 5447
S3 5419

Nifty(Jun Fut)-Trading Strategy

H6 5605     Trgt 2
H5 5589     Trgt 1
H4 5573     Long breakout
H3 5553     Go Short
H2 5547
H1 5540
L1 5527
L2 5520
L3 5514     Long
L4 5494    Short Breakout
L5 5478     Trgt 1
L6 5462    Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 07-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11122
R2 10991
R1 10911
Avg 10780
S1 10700
S2 10569
S3 10489

Bank Nifty(Jun Fut)-Trading Strategy

H6 11045     Trgt 2
H5 10996     Trgt 1
H4 10947     Long breakout
H3 10889     Go Short
H2 10869
H1 10850
L1 10811
L2 10792
L3 10772    Long
L4 10714     Short Breakout
L5 10665     Trgt 1
L6 10616     Trgt 2

Pre-closing Outlook(06-06-2011)

As soon as Nifty got support between 5480-5495 then it was informed in Mid-session Outlook-2 today.

When Nifty was trading below 5535 and then following line was told:-

"Nifty crossing 5535 will mean strong rally after strong base formations at lower levels today".

Nifty is hovering around 5535 for the last 45 minutes and suatining beyond this level will decide that correction is on or off.