Mid-session Outlook(22-06-2011)

Mixed Intra day sentiments today:-

1- Weak  due to 3 pattern breaking down on 22-06-2011
2- Strong due to strong global markets.

Mixed trading positions today:-

1- Weak due to good selling between 5290-5320 in last 2 days
2- Positive due to today intraday buying between 5270-5278 today.

Next moves confirmation will be sustaining beyond 5270-5320

Post-open Outlook-2(22-06-2011)

When US markets were surging after strong European markets closing then range(5275-5320) was given in Mid night for watching and Nifty traded most of the time today within mentioned range today. When Nifty was trading near highs then also Weakness was told in Post-open Outlook and Indian markets slipped from higher levels also.

Last 2 days intraday selling between 5275-5320 and today trading within this range today.Nifty sustaining below this range will mean again sharp fall.

Post-open Outlook(22-06-2011)

Positive but Weak opening today.

Watch Sustaining Beyond 5275-5320 Amid Global Bullish Markets

Market Outlook(22-06-2011)

All the trends were already down and following 3 crucial Patterns gave Bear market confirmation after sharp 141 points fall on 20-06-2011:-

1- 4 months Head & Shoulders Pattern Neckline broken down below 5356.
2- 18 Months Rising Trend Line Broken Down5356.
3- 34 Sessions Trading Range Broken Down below 5329.

(Just click above links for detailed analysis)

Crossing 5329 and then sustaining above 5356 will be up moves confirmation and sustaining below 5329 will be long Bear market confirmation.

Next support range is 5220-5250 and next resistances are as follows:-

1- Next Resistance range is 5300-5320
2- Next Resistance range is 5360-5385
3- Next Resistance range is 5400-5440
4- Next Resistance range is 5480-5604

Sustaining above 5320 will be first upmove indication but chain of resistances therefore crossing 5385 will be up moves confirmation. Indian markets are well prepared for tanking and sustaining below 5220 will be long Bear phase confirmation.

Intraday patterns of 20-06-2011 and following days will give first confirmation of next big moves. Just click following links for Intraday charts analysis:-

1- Nifty-Intra Day Chart(20-06-2011)
2- Nifty-Intra Day Chart(21-06-2011)

Conclusions from last 2 sessions Intra Day Charts analysis

Selling seen between 5275-5320 in last 2 days and Nifty closed at 5275.85 on 21-06-2011 therefore this range will be watched first and sustaining beyond will be next moves confirmation. Strong support between 5220-5250 at lower levels and complete selling patterns are required for next big down moves confirmations

As last 2 sessions selling below support range of 5329 therefore strong indication of more weakness but sustaining beyond 5275-5320 will be watched first today because:-

1- Very short term indicators are oversold and indicating bounce back possibility.
2- Nifty moved below lower band of Bollinger-Band and indicating bounce back possibility.
3- Expected that Global cues will be strong today morning.

Bollinger-Band & Very short term indicators

Just click on chart for its enlarged view

Firstly watch sustaining beyond 5275-5320 amid global bullish markets for next moves confirmations.

Nifty-Micro Analysis of Intra Day Chart For 22-06-2011

Nifty-Intra Day Chart(21-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Minor buying between 5258-5278
2- 3 Hours selling between 5300-5320
3- Minor buying between 5265-5278

Conclusions

Minor buying at lower levels today but 3 hours follow up Selling was also seen between 5300-5320. As today selling was below support range of 5329 therefore more weakness expected in the coming sessions.

FII Trading Data in Derivatives Segment on 21-Jun-2011

FII & DII trading activity in Capital Market Segment on 21-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 21-Jun-2011 1699.74 2263.1 -563.36

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Jun-2011 1143.76 713.35 430.41

Indian Stock Markets Closing Reports(21-06-2011)

Main features of today trading are as follows

1- Doji Candle
2- Almost all the Indices closed with minor gains or minor loss.
3- Market slipped after Selling at higher levels.

Ratios

Nifty Put Call Ratio: 0.82
Nifty P/E Ratio(21-06-2011): 19.48

Advances & Declines

BSE ADVANCES : 1114
BSE DECLINES : 1679
NSE ADVANCES :  566
NSE DECLINES :  831

Nifty Open Interest Changed Today


Nifty- 5200 CE(Jun)- -33700(-1.37%)
Nifty- 5200 PE(Jun)- +1096250(+15.16%)

Nifty- 5300 CE(Jun)- +695550(+14.70%)
Nifty- 5300 PE(Jun)- +441600(+7.59%)

Closing

Nifty- closed at 5,275.85(+17.95 Points & +0.34%)
Sensex- closed at 17,560.30(+53.67 Points & +0.31%)
CNX MIDCAP - closed at 7,698.05(-34.35 Points & -0.44%%)
BSE SMALL CAP- closed at 7,874.14(-33.83 Points & -0.43%)

Nifty Spot-Levels & Trading Strategy for 22-06-2011

Nifty Spot-Levels

R3 5377
R2 5349
R1 5312
Avg 5284
S1 5247
S2 5219
S3 5182

Nifty Spot-Trading Strategy

H6 5340     Trgt 2
H5 5325     Trgt 1
H4 5310     Long breakout
H3 5292     Go Short
H2 5286
H1 5280
L1 5269
L2 5263
L3 5257     Long
L4 5239     Short Breakout
L5 5224     Trgt 1
L6 5209.     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 22-06-2011

Nifty(Jun Fut)-Levels

R3 5461
R2 5416
R1 5346
Avg 5301
S1 5231
S2 5186
S3 5116

Nifty(Jun Fut)-Trading Strategy

H6 5392     Trgt 2
H5 5366     Trgt 1
H4 5340     Long breakout
H3 5308     Go Short
H2 5298
H1 5287
L1 5266
L2 5255
L3 5245     Long
L4 5213     Short Breakout
L5 5187     Trgt 1
L6 5161     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 22-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10841
R2 10760
R1 10617
Avg 10536
S1 10393
S2 10312
S3 10169

Bank Nifty(Jun Fut)-Trading Strategy

H6 10698     Trgt 2
H5 10647     Trgt 1
H4 10597     Long breakout
H3 10535     Go Short
H2 10515
H1 10494
L1 10453
L2 10432
L3 10412     Long
L4 10350     Short Breakout
L5 10300     Trgt 1
L6 10249     Trgt 2

Pre-closing Outlook(21-06-2011)

When Nifty was trading near higher levels today then doubts on that upmove were shown and following lines were told in Mid-session Outlook today:-

1- firstly crossing 5329 and then sustaining above 5356 will be up moves confirmation otherwise today up move will be understood global good sentiments driven pull back rally only.

2- 3 crucial patterns broken down yesterday therefore complete consolidations and confirmation is required for trend reversal.

Intraday selling seen between 5300-5320 today therefore Indian markets will remain weak in the coming sessions.

Mid-session Outlook(21-06-2011)

All the Asian markets showed good recovery from lower levels of the day and either some are trading near day's higher levels or some have closed near highs of the day. US futures is also 40 points up and Indian markets also got support at lower levels of the day today therefore trading positive since opening today.

Indian markets intraday charts also showing lower levels consolidations patterns  today but firstly crossing 5329 and then sustaining above 5356 will be up moves confirmation otherwise today up move will be understood global good sentiments driven pull back rally only.

3 crucial patterns broken down yesterday therefore complete consolidations and confirmation is required for trend reversal

Post-open Outlook(21-06-2011)

Patterns of today are suggesting consolidation and lower levels buying between 5258-5278 therefore minor upmoves are visible. More consolidations and crossing of minimum one resistance will be any kind of up moves confirmation.

NIFTY-JUN F&O-1ST SELLING OF 20-06-2011-COVERING

NIFTY JUN F & O(SHORTED ON 20-06-2011)-COVER IMMEDIATELY-CMP-5262

NIFTY-JUN F&O-1ST SELLING OF 20-06-2011-MESSAGE

NIFTY-JUN F&O-1ST SELLING OF 20-06-2011- MARKET WILL BE VOLATILE THEREFORE HOLD AND COVER AFTER MY COVERING MESSAGE

3 breaking down Patterns & Bearish markets Confirmations

Market Outlook(21-06-2011)

All the trends were already down and following 3 crucial Patterns were developed on EOD charts which gave Bear market confirmation within 10 minutes yesterday when Nifty nosedived 141 points in just 10 minutes. Just click following links and understand the gravity and importance of following patterns for deciding next phase of Indian markets:-

1- Head & Shoulders Pattern in 4 months EOD Chart
2- 18 Months Rising Trend Line Broken Down
3- 34 Sessions Trading Range(5329-5604) Broken Down
4- Nifty-Micro Analysis of Intra Day Chart For 21-06-2011

Conclusions

Nifty traded more than 3 hours between 5275-5312 with Intraday selling patterns yesterday therefore it is first resistance range and next support range is 5220-5250 and moves below 5220 will mean more down moves.

Asian markets are positive today morning after US markets green closing yesterday therefore Nifty Nifty will open positive and  will first trade between 5240-5290. Expected that Nifty will finally slip below 5200 after follow up selling in the coming sessions.

34 Sessions Trading Range(5329-5604) Broken Down

       Technical Analysis and Research

Nifty- EOD Chart(20-06-2011):-

Just click on chart for its enlarged view

Main Features

1- 34 Sessions Range Bound Moves
2- Nifty faced resistance 3 times near 5600
3- Nifty got support once at 5329
4- Support broken down

Conclusions

Forceful break down of 34 Sessions Trading Range and Nifty lost 141 points in just 10 minutes. All trends were already down,Nifty was sustaining below 200 Day EMA for the last 34 sessions and forceful breaking down of last 34 session range gave Bear markets confirmations.

Break down was by force on 20-06-2011 and only last technical formality of 3 days sustaining below is left. As breaking down force was strong therefore expected that Nifty will sustain below 34 Sessions Range in the coming 3 sessions.

18 Months Rising Trend Line Broken Down

       Technical Analysis and Research

Nifty- EOD Chart(20-06-2011):-

Just click on chart for its enlarged view

Main Features

1- started on 03/11/2009 from 4538
2- Nifty got support on it 6 times in last 18 months
3- Rising Trend Line broken down

Conclusions

Rising Trend Line broken down forcefully and Nifty plunged 141 points in 10 minutes. All trends were already down,Nifty was sustaining below 200 Day EMA for the last 34 sessions and 18 months uptrend terminated after rising trend line breaking down.

Break down was by force on 20-06-2011 and only last technical formality of 3 days sustaining below is left. As breaking down force was strong therefore expected that Nifty will sustain below rising trend line in the coming 3 sessions.

Head & Shoulders Pattern in 4 months EOD Chart

      Technical Analysis and Research

Nifty- EOD Chart(20-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Head & Shoulders Pattern Formation
2- Its Neckline broken down

Conclusions

Neckline broken down by Bullet Force and Nifty nosedived 141 points in 10 minutes. All trends were already down,Nifty was sustaining below 200 Day EMA for the last 34 sessions and Neckline breaking down gave Bearish markets Confirmation.

Break down was by force on 20-06-2011 and only last technical formality of 3 days sustaining below is left. As breaking down force was strong therefore expected that Nifty will sustain below Neckline in the coming 3 sessions.

FII Trading Data in Derivatives Segment on 20-Jun-2011