Some more consolidations and indicetions are required for sustaining above but possibility of rally above 5600 is higher now.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook (29-06-2011)
Some more consolidations and indicetions are required for sustaining above but possibility of rally above 5600 is higher now.
Market Outlook(29-06-2011)
Global cues are positive today morning therefore gap up opening will be seen but Indian markets consolidated whole day yesterday therefore consolidations and up moves were clearly told 3 times during trading hours in following words yesterday:-
1- At 09:30 AM in Post-open Outlook:-
"First 10 minutes intraday moves are showing positive market indications"
2- At 01:18 PM in Mid-session Outlook:-
"Intra day patterns are suggesting consolidations today at lower levels and up moves from here possibilities turns higher now"
3- At 03:05 PM in Pre-closing Outlook;-
"Clear lower levels consolidation patterns between 5500-5525 today"
Following lines were told after closing of market in Nifty-Micro Analysis of Intra Day Chart For 29-06-2011
"Clear lower levels consolidation patterns between 5500-5525 today and whole day intraday patterns are also suggesting consolidations therefore moving and sustaining above 5552 possibility turned higher today"
Short term and Intermediate term trends are up today and only Long term trend is down,which will be up after sustaining above 200 Day EMA(5577). Nifty has almost cleared resistances upto 5555 and remaining resistance between 5555-5600 is also strong ang market require consolidation between or beyond this range for sustaining and rally above 5600.
Daily MACD turned positive. ROC and RSI also have moved into positive zone and seeing up ward,but very short term indicators are overboufgt therefore suggesting minor correction.
As Nifty has retraced 3 times from 200 Day EMA and 5600 earlier,again testing near by levels in heated sentiments today therefore profit booking possibility also can not be ruled out.
Nifty-EOD Chart(28-06-2011):-
Crucial and next trend deciding resistance range is 5555-5600 and Nifty will trade between and beyond this range today and tomorrow. Consolidation will mean beginning of blasting 250 points rally and distribution will mean again returning into 36 sessions range bounding market.
As good consolidations and Bullish hammer candle yesterday just below mentioned resistance range(5555-5600) therefore crossing and sustaining above 5600 possibility is higher after fresh consolidations in the coming sessions.
Let final conclusions come after intraday charts analysis then next moves will be declated as today upmove was told during trading hours yesterday.
5555-5605 is next moves first confirmation range.
1- At 09:30 AM in Post-open Outlook:-
"First 10 minutes intraday moves are showing positive market indications"
2- At 01:18 PM in Mid-session Outlook:-
"Intra day patterns are suggesting consolidations today at lower levels and up moves from here possibilities turns higher now"
3- At 03:05 PM in Pre-closing Outlook;-
"Clear lower levels consolidation patterns between 5500-5525 today"
Following lines were told after closing of market in Nifty-Micro Analysis of Intra Day Chart For 29-06-2011
"Clear lower levels consolidation patterns between 5500-5525 today and whole day intraday patterns are also suggesting consolidations therefore moving and sustaining above 5552 possibility turned higher today"
Short term and Intermediate term trends are up today and only Long term trend is down,which will be up after sustaining above 200 Day EMA(5577). Nifty has almost cleared resistances upto 5555 and remaining resistance between 5555-5600 is also strong ang market require consolidation between or beyond this range for sustaining and rally above 5600.
Daily MACD turned positive. ROC and RSI also have moved into positive zone and seeing up ward,but very short term indicators are overboufgt therefore suggesting minor correction.
As Nifty has retraced 3 times from 200 Day EMA and 5600 earlier,again testing near by levels in heated sentiments today therefore profit booking possibility also can not be ruled out.
Nifty-EOD Chart(28-06-2011):-
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| Just click on chart for its enlarged view |
As good consolidations and Bullish hammer candle yesterday just below mentioned resistance range(5555-5600) therefore crossing and sustaining above 5600 possibility is higher after fresh consolidations in the coming sessions.
Let final conclusions come after intraday charts analysis then next moves will be declated as today upmove was told during trading hours yesterday.
5555-5605 is next moves first confirmation range.
Nifty-Micro Analysis of Intra Day Chart For 29-06-2011
Nifty-Intra Day Chart(28-06-2011):-
Main Features
1- Consolidation between 5500-5525
2- Intraday patterns are showing whole day consolidations.
Conclusions
Clear lower levels consolidation patterns between 5500-5525 today and and whole day intraday patterns are also suggesting consolidations therefore moving and sustaining above 5552 possibility turned higher today.
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| Just click on chart for its enlarged view |
1- Consolidation between 5500-5525
2- Intraday patterns are showing whole day consolidations.
Conclusions
Clear lower levels consolidation patterns between 5500-5525 today and and whole day intraday patterns are also suggesting consolidations therefore moving and sustaining above 5552 possibility turned higher today.
Indian Stock Markets Closing Reports(28-06-2011)
1- Long tail Doji Candle.
2- Most Indices closed positive with moderate gains
3- Almost all the Indices are showing intraday consolidations.
Ratios
Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(28-06-2011): 20.44
Advances & Declines
BSE ADVANCES : 1457
BSE DECLINES : 1392
NSE ADVANCES : 754
NSE DECLINES : 646
Nifty Open Interest Changed Today
Nifty- 5500 CE(Jun)- +323050(+6.41%)
Nifty- 5500 PE(Jun)- +923300(+14.15%)
Nifty- 5600 CE(Jun)- +383300(+5.28%)
Nifty- 5600 PE(Jun)- +598800(+15.46%)
Closing
Nifty- closed at 5,545.30(+18.70 Points & +0.34%)
Sensex- closed at 18,492.45(+80.04 Points & +0.43% )
CNX MIDCAP - closed at 7,924.85(+22.10 Points & +0.28%)
BSE SMALL CAP- closed at 8,033.63(+47.74 Points & +0.60%)
FII & DII trading activity in Capital Market Segment on 28-Jun-2011
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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)
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).
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| 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)
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.
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