Although positive IIP data but selling signals emerged between 5500-5515 today and Nifty sustaining below 5500 will mean high possibility of moving below 5480 and more down levels also.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(10-06-2011)
IIP 6.3 Vs 7.3 today
Voltality can not be ruled out and next moves confirmation level is sustaining beyond 5480-5540
Voltality can not be ruled out and next moves confirmation level is sustaining beyond 5480-5540
NIFTY-JUN F&O-1ST BUYING OF 09-06-2011-COVERING
NIFTY NIFTY JUN F & O(BOUGHT ON 09-06-2011)-IIP DATA TODAY AND MARKET MAY BE VOLATILE THEREFORE COVER IMMEDIATELY-CMP-5510
Pre-open Outlook(10-06-2011)
Asian markets slipped from higher levels and trading in Red therefore sentiment is weaker today morning. Expected that Nifty will trade and prepare for next moves in yesterday range(5502-5540) after flat to negative opening today. As selling at higher levels and buying at lower levels was seen yesterday therefore today range break out and sustaining beyond will be confirmation of today trading positions(buying or selling).
Completely range bound markets therefore final conclusions will be drawn from intraday trading patterns and sustaining mentioned beyond yesterday trading range. IIP data will be declared at 11:00AM today therefore market may be volatile also.
Completely range bound markets therefore final conclusions will be drawn from intraday trading patterns and sustaining mentioned beyond yesterday trading range. IIP data will be declared at 11:00AM today therefore market may be volatile also.
Million $ questions of Indian markets
Market Outlook(10-06-2011)
EOD chart positio updated yesterday with this conclusion that either nifty will blast above 5605 or crash below 5355 because;-
1- All trends will be up above 5605 after Neckline break out of Inverse Head & Shoulders.
2- Move below 5355 will be confirmation of all trends turning down and breaking down of minimum 27 sessions range bound moves.
Million $ questions are :-
1- Will Nifty blast above 5605 or crash below 5355?
2- Who will reply first of all and tell before break out of 27 sessions range bound market?
Only intraday charts have power to tell the break out side before any other tool and first of all therefore it has to be understood from intraday trading patterns that Indian markets are consolidating or distributing.
Following messages were updated after intraday charts analysis in Mid-session Outlooks yesterday;-
1- When Indian market slipped fast and trading near days lower levels then it was told many times that weakness confirmation will be after sustaining below 5515 only
2- When Nifty was trading at lower levels and started consolidations then immediately told near lower levels for upmoves possibilities in Mid-session Outlook-3 and up moves were seen also after my this posting yesterday.
3- Following line was also told in Pre-closing Outlook(09-06-2011):-
"intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today"
4- Following line was also told yesterday in Nifty-Micro Analysis of Intra Day Chart For 10-06-2011
"Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions"
That Up move which was clearly declared many times yesterday from intraday charts analysis, will be seen today after positive opening. Next resistances are as follows:-
1- 5528-5538
2- 5545-5555
3- 5550-5570
4- 5580-5604
Next supports are as follows:-
1- 5502-5525
2- 5482-5492
3- 5460-5480
Positive opening expected today and Nifty will trade within next resistance ranges first therefore consolidations is must for any up moves from here. Also expected that Indian markets will consolidate at higer levels and close positive today.
EOD chart positio updated yesterday with this conclusion that either nifty will blast above 5605 or crash below 5355 because;-
1- All trends will be up above 5605 after Neckline break out of Inverse Head & Shoulders.
2- Move below 5355 will be confirmation of all trends turning down and breaking down of minimum 27 sessions range bound moves.
Million $ questions are :-
1- Will Nifty blast above 5605 or crash below 5355?
2- Who will reply first of all and tell before break out of 27 sessions range bound market?
Only intraday charts have power to tell the break out side before any other tool and first of all therefore it has to be understood from intraday trading patterns that Indian markets are consolidating or distributing.
Following messages were updated after intraday charts analysis in Mid-session Outlooks yesterday;-
1- When Indian market slipped fast and trading near days lower levels then it was told many times that weakness confirmation will be after sustaining below 5515 only
2- When Nifty was trading at lower levels and started consolidations then immediately told near lower levels for upmoves possibilities in Mid-session Outlook-3 and up moves were seen also after my this posting yesterday.
3- Following line was also told in Pre-closing Outlook(09-06-2011):-
"intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today"
4- Following line was also told yesterday in Nifty-Micro Analysis of Intra Day Chart For 10-06-2011
"Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions"
That Up move which was clearly declared many times yesterday from intraday charts analysis, will be seen today after positive opening. Next resistances are as follows:-
1- 5528-5538
2- 5545-5555
3- 5550-5570
4- 5580-5604
Next supports are as follows:-
1- 5502-5525
2- 5482-5492
3- 5460-5480
Positive opening expected today and Nifty will trade within next resistance ranges first therefore consolidations is must for any up moves from here. Also expected that Indian markets will consolidate at higer levels and close positive today.
FII & DII trading activity in Capital Market Segment on 09-Jun-2011
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Nifty-Micro Analysis of Intra Day Chart For 10-06-2011
Nifty-Intra Day Chart(09-06-2011):-
Main Features
1- selling between 5522-5540
2- Consolidation between 5505-5526
Conclusions
Volatile day today and market slipped from higher levels 2 times but got support at lower levels also. Indian markets slipped from higher levels and when Nifty was trading at lower levels then it was told many tmes that weakness confirmation will be after sustaining below 5515 only. When Nifty was trading at lower levels and started consolidations then also upmoves possibilities was told in Mid-session Outlook-3.
Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions.
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| Just click on chart for its enlarged view |
1- selling between 5522-5540
2- Consolidation between 5505-5526
Conclusions
Volatile day today and market slipped from higher levels 2 times but got support at lower levels also. Indian markets slipped from higher levels and when Nifty was trading at lower levels then it was told many tmes that weakness confirmation will be after sustaining below 5515 only. When Nifty was trading at lower levels and started consolidations then also upmoves possibilities was told in Mid-session Outlook-3.
Intraday charts are concluding consolidation pattens today therefore expected that up moves will be seen in the coming sessions.
Indian Stock Markets Closing Reports(09-06-2011)
Main features of today trading are as follows
1- Doji Candle with intraday consolidation patterns
1- Red but almost flat closing.
2- Support at lower levels.
3- Most of the Indices closed in Red but showing consolidations
Ratios
Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(09-06-2011): 20.39
Advances & Declines
BSE ADVANCES : 1384
BSE DECLINES : 1432
NSE ADVANCES : 603
NSE DECLINES : 792
Nifty Open Interest Changed Today
Nifty- 5400 CE(Jun)- +201750(+8.05%)
Nifty- 5400 PE(Jun)- +383350(+4.30%)
Nifty- 5500 CE(Jun)- -12000(-0.27%)
Nifty- 5500 PE(Jun)- -4450(-0.07%)
Nifty- 5600 CE(Jun)- +365550(6.22%)
Nifty- 5600 PE(Jun)- +65650(+2.23%)
Closing
Nifty- closed at 5,521.05(-5.80 Points & -0.10%)
Sensex- closed at 18,384.90(-9.39 Points & -0.05%)
CNX MIDCAP - closed at 8,017.20(-21.85 Points & -0.27%)
BSE SMALL CAP- closed at 8,326.35(+6.85 Points & +0.08%)
1- Doji Candle with intraday consolidation patterns
1- Red but almost flat closing.
2- Support at lower levels.
3- Most of the Indices closed in Red but showing consolidations
Ratios
Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(09-06-2011): 20.39
Advances & Declines
BSE ADVANCES : 1384
BSE DECLINES : 1432
NSE ADVANCES : 603
NSE DECLINES : 792
Nifty Open Interest Changed Today
Nifty- 5400 CE(Jun)- +201750(+8.05%)
Nifty- 5400 PE(Jun)- +383350(+4.30%)
Nifty- 5500 CE(Jun)- -12000(-0.27%)
Nifty- 5500 PE(Jun)- -4450(-0.07%)
Nifty- 5600 CE(Jun)- +365550(6.22%)
Nifty- 5600 PE(Jun)- +65650(+2.23%)
Closing
Nifty- closed at 5,521.05(-5.80 Points & -0.10%)
Sensex- closed at 18,384.90(-9.39 Points & -0.05%)
CNX MIDCAP - closed at 8,017.20(-21.85 Points & -0.27%)
BSE SMALL CAP- closed at 8,326.35(+6.85 Points & +0.08%)
Nifty Spot-Levels & Trading Strategy for 10-06-2011
Nifty Spot-Levels
R3 5578
R2 5559
R1 5540
Avg 5521
S1 5502
S2 5483
S3 5464
Nifty Spot-Trading Strategy
H6 5559 Trgt 2
H5 5550 Trgt 1
H4 5541 Long breakout
H3 5531 Go Short
H2 5527
H1 5524
L1 5517
L2 5514
L3 5510 Long
L4 5500 Short Breakout
L5 5491 Trgt 1
L6 5482 Trgt 2
R3 5578
R2 5559
R1 5540
Avg 5521
S1 5502
S2 5483
S3 5464
Nifty Spot-Trading Strategy
H6 5559 Trgt 2
H5 5550 Trgt 1
H4 5541 Long breakout
H3 5531 Go Short
H2 5527
H1 5524
L1 5517
L2 5514
L3 5510 Long
L4 5500 Short Breakout
L5 5491 Trgt 1
L6 5482 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 10-06-2011
Nifty(Jun Fut)-Levels
R3 5595
R2 5569
R1 5544
Avg 5518
S1 5493
S2 5467
S3 5442
Nifty(Jun Fut)-Trading Strategy
H6 5570 Trgt 2
H5 5558 Trgt 1
H4 5547 Long breakout
H3 5533 Go Short
H2 5528
H1 5523
L1 5514
L2 5509
L3 5504 Long
L4 5490 Short Breakout
L5 5479 Trgt 1
L6 5467 Trgt 2
R3 5595
R2 5569
R1 5544
Avg 5518
S1 5493
S2 5467
S3 5442
Nifty(Jun Fut)-Trading Strategy
H6 5570 Trgt 2
H5 5558 Trgt 1
H4 5547 Long breakout
H3 5533 Go Short
H2 5528
H1 5523
L1 5514
L2 5509
L3 5504 Long
L4 5490 Short Breakout
L5 5479 Trgt 1
L6 5467 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 10-06-2011
Bank Nifty(Jun Fut)-Levels
R3 10975
R2 10911
R1 10849
Avg 10785
S1 10723
S2 10659
S3 10597
Bank Nifty(Jun Fut)-Trading Strategy
H6 10914 Trgt 2
H5 10886 Trgt 1
H4 10857 Long breakout
H3 10822 Go Short
H2 10811
H1 10799
L1 10776
L2 10764
L3 10753 Long
L4 10718 Short Breakout
L5 10689 Trgt 1
L6 10661 Trgt 2
R3 10975
R2 10911
R1 10849
Avg 10785
S1 10723
S2 10659
S3 10597
Bank Nifty(Jun Fut)-Trading Strategy
H6 10914 Trgt 2
H5 10886 Trgt 1
H4 10857 Long breakout
H3 10822 Go Short
H2 10811
H1 10799
L1 10776
L2 10764
L3 10753 Long
L4 10718 Short Breakout
L5 10689 Trgt 1
L6 10661 Trgt 2
NIFTY-JUN F&O-1ST BUYING OF 09-06-2011-TRADE
NIFTY(JUN FUT-BUY-POSITIONAL)SL-5494-TGT-5574-CMP-5518
NIFTY(JUN CALL OPTION-BUY-POSITIONAL)SL-5494-TGT-5574-S.P.FOR CALL-5500,5600(JUN FUT-RATES FOR ALL OPTIONS)-CMP-5518
NIFTY(JUN CALL OPTION-BUY-POSITIONAL)SL-5494-TGT-5574-S.P.FOR CALL-5500,5600(JUN FUT-RATES FOR ALL OPTIONS)-CMP-5518
Pre-closing Outlook(09-06-2011)
As consolidations seen at lower levels therefore upmoves possibilities were told in Mid-session Outlook-3 and that was seen also but Nifty retraced from 5540 after selling between 5528-5540 today which is just below next resistance next resistance(5545-5604).
Intraday support seen between 5505-5515 and selling between 5528-5540 but intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today.
Intraday support seen between 5505-5515 and selling between 5528-5540 but intraday patterns are suggesting consolidations therefore upmoves possibilities have increased today.
Mid-session Outlook-3(09-06-2011)
Although Indian markets are trading in Red but consolidations at lower levels and showing upmoves possibilities.
Mid-session Outlook-2(09-06-2011)
Weakness increased after increasing Inflation data today. Today low is at 5402 but moving below 5494 will be more down moves confirmation.
Mid-session Outlook(09-06-2011)
Nifty slipped below 5515 and formed the bottom at 5505 but down moves were without force. and Nifty recovered and again trading at 5520. I told again and again for getting confirmations through sustaing below 5515.
Intraday charts are showing minor base formation between 5505-5515 today also. It is the character of stock markets that it takes its own time in preparation process and it is being done between 5529-5605. We shall continuously understand at each minor move and drawing conclusions also. let 100% confirmation come then will be posted.
Intraday charts are showing minor base formation between 5505-5515 today also. It is the character of stock markets that it takes its own time in preparation process and it is being done between 5529-5605. We shall continuously understand at each minor move and drawing conclusions also. let 100% confirmation come then will be posted.
Post-open Outlook-2(09-06-2011)
Nifty slipped below 5515 and it has to watched that Nifty is sustaining below 5515 or not. Nifty sustaining below 5515 will mean testing possibility of following 2 supports:-
1- 5480
2- 5440
Moves below 5440 will be 1st strong indication of deep down moves. Nifty is trading between 5510-5520 and if Nifty sustains below 5515 today then it will also strong indication of more down moves.
1- 5480
2- 5440
Moves below 5440 will be 1st strong indication of deep down moves. Nifty is trading between 5510-5520 and if Nifty sustains below 5515 today then it will also strong indication of more down moves.
Post-open Outlook(09-06-2011)
Nifty consolidated between 5515-5525 yesterday and trading above and within this trading range since opening today. Market slipped from higher levels and dipping below 5515 will be first weakness indication.
Nifty will Blast above 5605 or Crash Below 5355
Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels.
enjoydailyprofits.blogspot.com always predict before the begining of any decisive moves in Indian stock markets and also always predict before any Business News Channel and will again try to predict first of all that Nifty will blast above 5605 or crash below 5355.
Indian markets are preparing for next moves between 5450-5605 for the last 9 sessions. As intraday charts analysis can tell first of all therefore Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011) has been updated in following topic for understanding next moves in Indian stock markets:-
Technical Analysis,Researches & Market Outlook(09-06-2011)
enjoydailyprofits.blogspot.com always predict before the begining of any decisive moves in Indian stock markets and also always predict before any Business News Channel and will again try to predict first of all that Nifty will blast above 5605 or crash below 5355.
Indian markets are preparing for next moves between 5450-5605 for the last 9 sessions. As intraday charts analysis can tell first of all therefore Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011) has been updated in following topic for understanding next moves in Indian stock markets:-
Technical Analysis,Researches & Market Outlook(09-06-2011)
Technical Analysis,Researches & Market Outlook(09-06-2011)
Technical Analysis,Researches & Market Outlook(09-06-2011)
Nifty-EOD Chart(08-06-2011):-
Main Features
1- Long term trend is down.
2- Intermediate and Short term trends are sideways.
3- Nifty is trading between 5329-5605 for the last 26 sessions.
4- Pennant Continuation pattern formation in on going correction.
5- Nifty retraced on 25-05-2011 from 5329 after Falling Wedge trend reversal pattern formation.
6- Last 26 sessions(5329-5605) are showing preperation of Inverted Head & Shoulders formations and Right Shoulder is under construction.
7- Neckline of Inverse Head & Shoulders is at 5605.
Conclusions
Last 26 sessions range bound market between 5329-5605. Forceful break out or sustaining above 5605 will mean blating rally and sustaining below 5329 will mean deep dipping.
"Million $ question is left to be replied" that how to understand break out side of 5329-5605. As early final conclusions will be drawn so earlier trading positions can be made in that direction. Above mentioned patterns and technical positions are clear but final conclusions can not be drawn only from them. Technical buying and selling positions will be understood from intraday charts and then key levels,points and formations will be understood.
Nifty formed recent bottom at 5329 on 25-05-2011 and up moves started on 26-05-2011.Since then Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels therefore from this date intraday trading positions are shown in following intraday chart:-
Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011)
Main Features
1- Selling between 5545-5604
2- Buying between 5450-5535
3- Buying between 5355-5405
Conclusions
Last 9 sessions most time trading range is 5450-5604 with good resistances at higher levels and strong supports at lower levels also therefore Nifty is not prepared for decisive break out at this moment and expected that Nifty will trade between 5450-5604 in the coming sessions and will prepare for decisive break out.
Conclusions (After Putting All Studies Together)
Following 3 upmoves suggesting patterns in last 26 sessions:-
1- Upmoves begining after Falling Wedge Bullish reversal pattern formations.
2- Upmoves continuation Pennant pattern formations.
3- Inverted Head & Shoulders under constructions.
As above mentioned positive patterns in EOD charts therefore expected that Nifty will finally cross 5605 after some more consolidations between 5450-5604.
Nifty-EOD Chart(08-06-2011):-
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| Add caption |
1- Long term trend is down.
2- Intermediate and Short term trends are sideways.
3- Nifty is trading between 5329-5605 for the last 26 sessions.
4- Pennant Continuation pattern formation in on going correction.
5- Nifty retraced on 25-05-2011 from 5329 after Falling Wedge trend reversal pattern formation.
6- Last 26 sessions(5329-5605) are showing preperation of Inverted Head & Shoulders formations and Right Shoulder is under construction.
7- Neckline of Inverse Head & Shoulders is at 5605.
Conclusions
Last 26 sessions range bound market between 5329-5605. Forceful break out or sustaining above 5605 will mean blating rally and sustaining below 5329 will mean deep dipping.
"Million $ question is left to be replied" that how to understand break out side of 5329-5605. As early final conclusions will be drawn so earlier trading positions can be made in that direction. Above mentioned patterns and technical positions are clear but final conclusions can not be drawn only from them. Technical buying and selling positions will be understood from intraday charts and then key levels,points and formations will be understood.
Nifty formed recent bottom at 5329 on 25-05-2011 and up moves started on 26-05-2011.Since then Nifty is trading narrow between 5450-5605 for the last 9 sessions and intraday charts formations within this range will tell first of all that Nifty is breaking 5605 for blasting rally or will dip toward deep down levels therefore from this date intraday trading positions are shown in following intraday chart:-
Nifty-Micro Analysis of 10 days Intra Day Chart(May 26 to Jun 08,2011)
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| Just click on chart for its enlarged view |
1- Selling between 5545-5604
2- Buying between 5450-5535
3- Buying between 5355-5405
Conclusions
Last 9 sessions most time trading range is 5450-5604 with good resistances at higher levels and strong supports at lower levels also therefore Nifty is not prepared for decisive break out at this moment and expected that Nifty will trade between 5450-5604 in the coming sessions and will prepare for decisive break out.
Conclusions (After Putting All Studies Together)
Following 3 upmoves suggesting patterns in last 26 sessions:-
1- Upmoves begining after Falling Wedge Bullish reversal pattern formations.
2- Upmoves continuation Pennant pattern formations.
3- Inverted Head & Shoulders under constructions.
As above mentioned positive patterns in EOD charts therefore expected that Nifty will finally cross 5605 after some more consolidations between 5450-5604.
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