Nifty-Micro Analysis of Intra Day Chart For 09-06-2011

Nifty-Intra Day Chart(08-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Selling between 5545-5455
3- Last 2 hours consolidation patterns between 5515-4425

Conclusions 

Some selling at higher levels but last 2 hours lower levels consolidations also therefore view will not be bearish despite Red closing today. Trading range of today is 5515-5555 and break out of today range will be only first indication of next trend because good supports below today range and strong resistances above today range also.

Decisive trending moves should be expected after break out of 5459-5605.

Indian Stock Markets Closing Reports(08-06-2011)

Main features of today trading are as follows

1- Red closing after whole day negative zone trading.
2- Selling at higher levels and buying at lower levels.
3- Range bound quiet market.

Ratios

Nifty Put Call Ratio: .92
Nifty P/E Ratio(08-06-2011): 20.41

Advances & Declines

BSE ADVANCES : 1351
BSE DECLINES : 1470
NSE ADVANCES :  630
NSE DECLINES :  755

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- +338100(+8.12%)
Nifty- 5500 PE(Jun)- -96750(-1.40%)

Nifty- 5600 CE(Jun)- +760200(+14.07%)
Nifty- 5600 PE(Jun)- -284850(-8.81%)

Closing 

Nifty- closed at 5,526.85(-29.30 Points & -0.53%)
Sensex- closed at 18,394.29(-101.33 Points & -0.55% )
CNX MIDCAP - closed at 8,039.05(-4.20 Points & -0.05%)
BSE SMALL CAP- closed at 8,319.50(+13.13 Points & +0.16%)

FII Trading Data in Derivatives Segment on 08-Jun-2011

FII & DII trading activity in Capital Market Segment on 08-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 08-Jun-2011 1883.45 1833.02 50.43

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 08-Jun-2011 692.01 606.54 85.47

Nifty Spot-Levels & Trading Strategy for 09-06-2011

Nifty Spot-Levels

R3 5592
R2 5574
R1 5550
Avg 5532
S1 5508
S2 5490
S3 5466

Nifty Spot-Trading Strategy

H6 5568     Trgt 2
H5 5558     Trgt 1
H4 5549     Long breakout
H3 5537     Go Short
H2 5533
H1 5529
L1 5522
L2 5518
L3 5514     Long
L4 5502     Short Breakout
L5 5493     Trgt 1
L6 5483     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 09-06-2011

Nifty(Jun Fut)-Levels

R3 5603
R2 5581
R1 5555
Avg 5533
S1 5507
S2 5485
S3 5459

Nifty(Jun Fut)-Trading Strategy

H6 5577     Trgt 2
H5 5566     Trgt 1
H4 5555     Long breakout
H3 5542     Go Short
H2 5537
H1 5533
L1 5524
L2 5520
L3 5515     Long
L4 5502     Short Breakout
L5 5491     Trgt 1
L6 5480     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 09-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11022
R2 10958
R1 10878
Avg 10814
S1 10734
S2 10670
S3 10590

Bank Nifty(Jun Fut)-Trading Strategy

H6 10943     Trgt 2
H5 10910     Trgt 1
H4 10878     Long breakout
H3 10838     Go Short
H2 10825
H1 10812
L1 10785
L2 10772
L3 10759     Long
L4 10719     Short Breakout
L5 10687     Trgt 1
L6 10654     Trgt 2

Pre-closing Outlook(08-06-2011)

Nifty traded between 5515-5558 and intraday supports and resistances are as follows:-

1- Selling between 5545-5455
2- Buying between 5515-4425

More immediate resistances above today highs and in the same manner more immediate supports below today
lows. Break out of today range will be first indication and crossing 5459-5604 will be next decisive and trending move confirmation.

Although Indian markets are closing in Red today but last 2 hours lower levels intraday support between 5515-5525 therefore view is not bearish.

Mid-session Outlook(08-06-2011)

Lacklustre quiet market between 5530-5558 in first 3 hours and selling developed between 5548-4458 today. Positions of resistance ranges are as follows:-

1- Previous resistance- 5580-5604
2- Resiistance due to yesterday Last 2 hours mixed patterns between 5550-5570.
3- Selling developed between 5548-5458 today.

Nifty slipped from first support range after intraday selling today and confirmed weakness because today selling is exactly below previous resistances. As three selling ranges at higher levels therefore Nifty require complete complete consolidation for an up move and more down moves below 5500 is also possible.

Next strong support range is 5459-5473 and until Nifty is above it till then on going up trend is safe slipping below 5500 or mentioned strong support range testing possibility can not be ruled out. Although Nifty slipped from higher levels but Indian markets are range bound between 5459-5604 and trending market will be seen after break out of this range.

Expected that nifty will trade between 5459-5558 in the coming 1/2 sessions and break out of this range will be next moves confirmations.

Market is completely range bound therefore each levels and moment has to be watched. Consolidation signals emerged between 5515-5525 in last half hour today therefore this range will be watched first.

Pre-Open Market Outlook(08-06-2011)

Following lines were told in Pre-closing Outlook(07-06-2011) yesterday at 03:05:00 PM:-

1- 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)"

2- 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.

All the Asian markets are weak today morning and mixed trading patterns between 5550-5570 in last 2 hours as well therefore Nifty will open weak below 5550. Indian markets are range bound between 5329-5605 for the last 27 sessions and immediate support,resistance and next moves preperation ranges are as follows:-

1- Next strong support range- 5459-5473 
2- Next strong resistance range- 5580-5604 
3- Next moves preperation range- 5480-5550

Mentioned above ranges will be watched for next moves preparations and confirmations but expected that Nifty will consolidate between mentioned above ranges and finally decisive rally above 5605 will be seen.

Weak opening and firstly trading between 5480-5550 will be seen. As Asian markets are tanking therefore expected that most of the time Nifty will trade and close in negative zone. Markets are not trending but completely range bound therefore next moves possibility can be understood from:-

1- Through intraday trading patterns preparation 
2- Breaking out of crucial range- 5459-5605  

Let Nifty prepare between 5480-5550 then final conclusions will be drawn from intraday trading patterns and also will be posted in Mid-session Outlooks. 

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) Category Date Buy Value Sell Value Net Value FII 07-Jun-2011 2012.41 1899.71 112.7

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Jun-2011 692.19 660.9 31.29

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.