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Nifty Spot-Levels & Trading Strategy for 29-06-2011
Nifty Spot-Levels
R3 5632
R2 5595
R1 5570
Avg 5533
S1 5508
S2 5471
S3 5446
Nifty Spot-Trading Strategy
H6 5607 Trgt 2
H5 5593 Trgt 1
H4 5579 Long breakout
H3 5562 Go Short
H2 5556
H1 5550
L1 5539
L2 5533
L3 5527 Long
L4 5510 Short Breakout
L5 5496 Trgt 1
L6 5482 Trgt 2
R3 5632
R2 5595
R1 5570
Avg 5533
S1 5508
S2 5471
S3 5446
Nifty Spot-Trading Strategy
H6 5607 Trgt 2
H5 5593 Trgt 1
H4 5579 Long breakout
H3 5562 Go Short
H2 5556
H1 5550
L1 5539
L2 5533
L3 5527 Long
L4 5510 Short Breakout
L5 5496 Trgt 1
L6 5482 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 29-06-2011
Nifty(Jun Fut)-Levels
R3 5641
R2 5599
R1 5574
Avg 5532
S1 5507
S2 5465
S3 5440
Nifty(Jun Fut)-Trading Strategy
H6 5616 Trgt 2
H5 5601 Trgt 1
H4 5585 Long breakout
H3 5567 Go Short
H2 5561
H1 5555
L1 5542
L2 5536
L3 5530 Long
L4 5512 Short Breakout
L5 5496 Trgt 1
L6 5481 Trgt 2
R3 5641
R2 5599
R1 5574
Avg 5532
S1 5507
S2 5465
S3 5440
Nifty(Jun Fut)-Trading Strategy
H6 5616 Trgt 2
H5 5601 Trgt 1
H4 5585 Long breakout
H3 5567 Go Short
H2 5561
H1 5555
L1 5542
L2 5536
L3 5530 Long
L4 5512 Short Breakout
L5 5496 Trgt 1
L6 5481 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 29-06-2011
Bank Nifty(Jun Fut)-Levels
R3 11283
R2 11208
R1 11139.
Avg 11064
S1 10995
S2 10920
S3 10851
Bank Nifty(Jun Fut)-Trading Strategy
H6 11215 Trgt 2
H5 11182 Trgt 1
H4 11149 Long breakout
H3 11109 Go Short
H2 11096
H1 11083
L1 11056
L2 11043
L3 11030 Long
L4 10990 Short Breakout
L5 10957 Trgt 1
L6 10924 Trgt 2
R3 11283
R2 11208
R1 11139.
Avg 11064
S1 10995
S2 10920
S3 10851
Bank Nifty(Jun Fut)-Trading Strategy
H6 11215 Trgt 2
H5 11182 Trgt 1
H4 11149 Long breakout
H3 11109 Go Short
H2 11096
H1 11083
L1 11056
L2 11043
L3 11030 Long
L4 10990 Short Breakout
L5 10957 Trgt 1
L6 10924 Trgt 2
Pre-closing Outlook(28-06-2011)
Nifty traded most of the time between 5515-5552 with intraday mixed patterns therefore today same trading range was given for next moves confirmations. Nifty again traded today most of the time between yesterday range and prepared for next moves. Clear lower levels consolidation patterns between 5500-5525 today and sustaining above 5552 will be next up moves confirmations.
Mid-session Outlook (28-06-2011)
Mixed intra day patterns were told between yesterday range and Nifty traded most of the time and prepared for next moves within yesterday range since opening today. Intra day patterns are suggesting consolidations today at lower levels and up moves from here possibilities turns higher now and next confirmation will be sustaining above 5552.
Post-open Outlook(28-06-2011)
As mixed intraday trading positions yesterday therefore Nifty is trading within yesterday trading range(5515-5552) after positive opening today. Firstly follow up buying/selling and after that sustaining beyond yesterday mentioned range will be next immediate moves strong indication.
First 10 minutes intraday moves are showing positive market indications and rest will depend on sustaining beyond mentioned range.
First 10 minutes intraday moves are showing positive market indications and rest will depend on sustaining beyond mentioned range.
Market Outlook(28-06-2011)
Firstly base formation below 5329,then strong rally and whole day trading between resistance range(5480-5605) yesterday. As trding between resistance range therefore require consolidation and genuine rally will begin after sustaining above 5605.
Nifty traded between 5515-5552 with mixed patterns yesterday and require to consolidate as well as sustain above 5552 after positive opening amid strong global cues today. Pull back rally is very much on and will fuse only after complete selling patterns and such formations are not seen till yesterday.
As sentiment positive after most Green global markets therefore trading is expected most of the time between 5515-5604 after positive opening today morning. Last week begun uptrend is very much intact and its continuation is expected also.As mixed intraday patterns yesterday therefore follow up buying/selling today will be watched first for next immediate moves confirmations.
Nifty traded between 5515-5552 with mixed patterns yesterday and require to consolidate as well as sustain above 5552 after positive opening amid strong global cues today. Pull back rally is very much on and will fuse only after complete selling patterns and such formations are not seen till yesterday.
As sentiment positive after most Green global markets therefore trading is expected most of the time between 5515-5604 after positive opening today morning. Last week begun uptrend is very much intact and its continuation is expected also.As mixed intraday patterns yesterday therefore follow up buying/selling today will be watched first for next immediate moves confirmations.
Nifty-Micro Analysis of Intra Day Chart For 28-06-2011
Nifty-Intra Day Chart(27-06-2011):-
Main Features
Most time trading range- 5515-5530
Wider trading range- 5515-5552
Conclusions
Most of the time Nifty traded between 15 points therefore intraday patterns are not clear and mixed today between 5515-5530. Next moves confirmations will be through sustaining beyond today wider trading range(5515-5552).
Just click on chart for its enlarged view |
Most time trading range- 5515-5530
Wider trading range- 5515-5552
Conclusions
Most of the time Nifty traded between 15 points therefore intraday patterns are not clear and mixed today between 5515-5530. Next moves confirmations will be through sustaining beyond today wider trading range(5515-5552).
FII & DII trading activity in Capital Market Segment on 27-Jun-2011
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Indian Stock Markets Closing Reports(27-06-2011)
Main features of today trading are as follows
1- Long White Candle.
2- Whole day trading at higher levels.
3- Most Indices closed in Green except Reality and FMCG.
Ratios
Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(27-06-2011):20.38
Advances & Declines
BSE ADVANCES : 1628
BSE DECLINES : 1223
NSE ADVANCES : 880
NSE DECLINES : 517
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- -1031250(-14.67%)
Nifty- 5500 PE(Jun)- +1816250(+36.78%)
Nifty- 5600 CE(Jun)- +354800(+4.71%)
Nifty- 5600 PE(Jun)- +3064050(+376.07%)
Closing
Nifty- closed at 5530.25(+55.35 Points & +1.01%)
Sensex- closed at 18,412.41(+171.73 Points & +0.94% )
CNX MIDCAP - closed at 7,902.75(+103.65 Points & +1.33%)
BSE SMALL CAP- closed at 7,985.89(+63.51 Points & +0.80%)
1- Long White Candle.
2- Whole day trading at higher levels.
3- Most Indices closed in Green except Reality and FMCG.
Ratios
Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(27-06-2011):20.38
Advances & Declines
BSE ADVANCES : 1628
BSE DECLINES : 1223
NSE ADVANCES : 880
NSE DECLINES : 517
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- -1031250(-14.67%)
Nifty- 5500 PE(Jun)- +1816250(+36.78%)
Nifty- 5600 CE(Jun)- +354800(+4.71%)
Nifty- 5600 PE(Jun)- +3064050(+376.07%)
Closing
Nifty- closed at 5530.25(+55.35 Points & +1.01%)
Sensex- closed at 18,412.41(+171.73 Points & +0.94% )
CNX MIDCAP - closed at 7,902.75(+103.65 Points & +1.33%)
BSE SMALL CAP- closed at 7,985.89(+63.51 Points & +0.80%)
Nifty Spot-Levels & Trading Strategy for 28-06-2011
Nifty Spot-Levels
R3 5692
R2 5622
R1 5574
Avg 5504
S1 5456
S2 5386
S3 5338
Nifty Spot-Trading Strategy
H6 5646 Trgt 2
H5 5618 Trgt 1
H4 5590 Long breakout
H3 5558 Go Short
H2 5547
H1 5536
L1 5515
L2 5504
L3 5493 Long
L4 5461 Short Breakout
L5 5433 Trgt 1
L6 5406 Trgt 2
R3 5692
R2 5622
R1 5574
Avg 5504
S1 5456
S2 5386
S3 5338
Nifty Spot-Trading Strategy
H6 5646 Trgt 2
H5 5618 Trgt 1
H4 5590 Long breakout
H3 5558 Go Short
H2 5547
H1 5536
L1 5515
L2 5504
L3 5493 Long
L4 5461 Short Breakout
L5 5433 Trgt 1
L6 5406 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 28-06-2011
Nifty(Jun Fut)-Levels
R3 5695
R2 5627
R1 5580
Avg 5512
S1 5465
S2 5397
S3 5350
Nifty(Jun Fut)-Trading Strategy
H6 5650 Trgt 2
H5 5624 Trgt 1
H4 5597 Long breakout
H3 5565 Go Short
H2 5555
H1 5544
L1 5523
L2 5512
L3 5502 Long
L4 5470 Short Breakout
L5 5443 Trgt 1
L6 5417 Trgt 2
R3 5695
R2 5627
R1 5580
Avg 5512
S1 5465
S2 5397
S3 5350
Nifty(Jun Fut)-Trading Strategy
H6 5650 Trgt 2
H5 5624 Trgt 1
H4 5597 Long breakout
H3 5565 Go Short
H2 5555
H1 5544
L1 5523
L2 5512
L3 5502 Long
L4 5470 Short Breakout
L5 5443 Trgt 1
L6 5417 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 28-06-2011
Bank Nifty(Jun Fut)-Levels
R3 11449
R2 11271
R1 11165
Avg 10987
S1 10881
S2 10703
S3 10597
Bank Nifty(Jun Fut)-Trading Strategy
H6 11349 Trgt 2
H5 11282 Trgt 1
H4 11215 Long breakout
H3 11137 Go Short
H2 11111
H1 11085
L1 11032
L2 11006
L3 10980 Long
L4 10902 Short Breakout
L5 10835 Trgt 1
L6 10768 Trgt 2
R3 11449
R2 11271
R1 11165
Avg 10987
S1 10881
S2 10703
S3 10597
Bank Nifty(Jun Fut)-Trading Strategy
H6 11349 Trgt 2
H5 11282 Trgt 1
H4 11215 Long breakout
H3 11137 Go Short
H2 11111
H1 11085
L1 11032
L2 11006
L3 10980 Long
L4 10902 Short Breakout
L5 10835 Trgt 1
L6 10768 Trgt 2
Pre-closing Outlook(27-06-2011)
Today trading range is 5515-5552 and Nifty traded most of the time between 5515-5530. Intraday charts of today are mixed and suggesting for confirmations through sustaining beyond today range. Market has to consolidate between 5500-5600 for and upmove because it is strong resistance range.
Sustaining beyond 5500-5550 will give next move confirmation tomorrow.
Sustaining beyond 5500-5550 will give next move confirmation tomorrow.
Mid-session Outlook-2(27-06-2011)
Following line was told when Nifty was trading above 5550 today:-
moved above 5530 and sustaining above it will mean rally continuation high possibility with regular consolidations within resistance range(5480-5604).
Nifty could not sustain above 5530 and trading within first 3 hours trading range(5515-5530) and it will be better to to get next immediate moves first confirmations from sustaining beyond this range.
moved above 5530 and sustaining above it will mean rally continuation high possibility with regular consolidations within resistance range(5480-5604).
Nifty could not sustain above 5530 and trading within first 3 hours trading range(5515-5530) and it will be better to to get next immediate moves first confirmations from sustaining beyond this range.
Mid-session Outlook(27-06-2011)
As sentiment turned heated today morning therefore minor intraday correction possibility was told within first hour and Nifty traded range bound between 5515-5530 in next 2 hours.
Bullish market corrects in range bound modes therefore Nifty completed minor intraday correction between 5515-5530,then moved above 5530 and sustaining above it will mean rally continuation high possibility with regular consolidations within resistance range(5480-5604).
Bullish market corrects in range bound modes therefore Nifty completed minor intraday correction between 5515-5530,then moved above 5530 and sustaining above it will mean rally continuation high possibility with regular consolidations within resistance range(5480-5604).
Post-open Outlook-3(27-06-2011)
As sentiment turned heated immediately after sharp rise today morning therefore minor intraday correction is possible.
Post-open Outlook-2(27-06-2011)
Bull in full force,no respite for Bear. Forcefully crossed 5481 and trading within resistance range(5480-5605). Strong indications of Bull markets beginning and confirmation will be sustaining above mentioned resistance range.
Post-open Outlook(27-06-2011)
Indian markets denied global cues and outperforming global markets after Red opening today morning. Nifty is trading within last Friday selling range 5453-5475.Next moves confirmation ranges are as follows:-
1- 5453-5481
2- 5390-5481
3- 5360-5481
Strong resistance between 5480-5604 therefore Nifty will prepare for next moves between above mentioned ranges. Indian markets showed strength immediately after opening today and sustaining above mentioned 1st range will be next move strong indication.
1- 5453-5481
2- 5390-5481
3- 5360-5481
Strong resistance between 5480-5604 therefore Nifty will prepare for next moves between above mentioned ranges. Indian markets showed strength immediately after opening today and sustaining above mentioned 1st range will be next move strong indication.
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