Nifty Spot-Weekly Levels & Trading Strategy(Jul 04 to Jul 08,2011)

Nifty Spot-Weekly Levels

R3 6014
R2 5859
R1 5743
Avg 5588
S1 5472
S2 5317
S3 5201

Nifty Spot-Weekly Trading Strategy 

H6 5907     Trgt 2
H5 5841     Trgt 1
H4 5776     Long breakout
H3 5701     Go Short
H2 5676
H1 5651
L1 5602
L2 5577
L3 5552     Long
L4 5477     Short Breakout
L5 5412     Trgt 1
L6 5346     Trgt 2

Pre-closing Outlook(01-07-2011)

Although Positive closing was expected today but we understood immediately after opening that profit booking is being developed after weak opening therefore we told cautioned within first 8 minutes. Following lines was also told in Mid-session Outlook today:-

Good support between 5600-5625 and expected that Nifty will get support near about this range.

Nifty traded last 3 hours hours within 5612-5635 and today lowest is at 5609.75. Although last 3 hours intraday formations are showing mixed patterns but whole day intraday patterns of today are showing consolidation indications despite higher levels selling.

Expected that Nifty will trade and consolidate between 5600-5700 on next Monday/Tuesday and after that next rally will resume.

Mid-session Outlook(01-07-2011)

We always tell well in advance before any move in Indian stock markets. Although Indian markets were trading with good gains but we saw weakness and profit booking possibility.

we updated weakness and profit booking possibility within first 8 minutes today in  and regular fall seen after that. As per our views no business channel or website would have told for today Indian market weakness so early.

We are having 4 years record of such accurate predictions therefore we have written following slogan at the left top of this Blog:-

 Indian Stock Markets Operators can never deceive this Blog's Outlooks

Intraday correction was due and it is being seen at this moment. Good support between 5600-5625 and expected that Nifty will get support near about this range.

Post-open Outlook(01-07-2011)

Gap up but Weak opening. Profit booking possibility will also be considered.

Pre-open Outlook(01-07-2011)

All trends are up.Nifty crossed 5600 and Intraday charts of yesterday are showing consolidations above 5600 therefore sustaining above 5600 is confirm now. Indian markets broken out 39 sessions range,worst is over and rally is on.

As global cues are positive therefore Green zone trading after gap up opening will be seen today. Market require complete selling for any correction signal and no such indication till yesterday. Strong rally expected after 5600 break out but sentiment is heated therefore intraday voltality may be seen but finally positive closing expected today.

(Postings were interrupted yesterday due to some unavoidable reasons and will remain continued now)

Bull Market 4 Strong Confirmations

As posting was not possible in Blog due to technical problem in blogger.com therefore posting was not done in my Blog but Today Outlook was posted in My face book Group today. Same outlook is being reproduced  in following lines now.

As we always talk with proofs therefore my Face book group link is being given below.for anyone verifications;-

http://www.facebook.com/home.php?sk=group_117590304976168&ap=1

Market Outlook(30-06-2011)

Bullish markets 4 confirmations are as follows:-

1- Nifty traded most of the time above 200 Day EMA(5577) with intraday consolidation pattern yesterday therefore long term trend turning up possibility is high now.


2- Nifty cleared all the resistances and closed at the top of 38 trading sessions range(5329-5604) yesterday.


3- Nifty recovered 12 sessions fall in just 4 previous sessions and these forceful moves are strong indication of rally.


4- MACD is stronger indicator of trend confirmation and is positive after MACD line upward intersection of Average line.

First 4 days consolidation and base formation after spreading 'DTAA renegotiation'(Mauritious treaty) news by Business Channels and then 4 days consolidations below 5329 was seen. Last 4 sessions forceful up moves are strong indication of rally above 5600 after 38 sessions range bound market.

As Very short term indicators are overbought therefore voltality may be seen after minor profit booking but it should be kept in mind that indicators remains overbought for longer period in Bullish markets and corrections are seen at higher levels.

Global cues are positive today morning therefore gap up opening and trading above 5600 will be seen. Although technical confirmation formality of 3 days sustaining above 5604/3% move above 5604 is left but very much expected that worst of Indian markets is over after 38 sessions range bound market and strong rally above 5600 will be seen in Indian marlkets because all the bullish trend lines turned valid after last 4 sessions rally.

Whole day positive market after gap up opening and June derivative series closing at new top will be seen today.

4 Strong Confirmations of Bull Market have been explained above today but all the outlooks of last 7 sessions from the bottom of rally are live proofs of this fact that only up moves were projected more than 50 times daily in last 7 days and never told for any down move. It is open fact and anyone can verify any time.

As technical problem in blogger.com therefore Blog could not be updated since morning today. Now Blog is working properly therefore posting will be begin now but will be little late.


Sorry for inconvenience.

Nifty-Micro Analysis of Intra Day Chart For 29-06-2011

Nifty-Intra Day Chart(29-06-2011):-

Just click on chart for its enlarged view

Main Features

1-Consolidation between 5575-5596
2-Whole day intraday consolidations

Conclusions

Consolidation at the top of resistance range clearly means its crossing and trading above 5600 tomorrow. As very short term indicators are overbought therefore intraday voltality may be seen.

Indian Stock Markets Closing Reports(29-06-2011)

Main features of today trading are as follows

1- White Candle after gap up opening.
2- All the Indices are showing consolidations.
3- Closing at the top of 38 range bound sessions.

Ratios

Nifty Put Call Ratio: 20.65
Nifty P/E Ratio(29-06-2011): 1.10

Advances & Declines

BSE ADVANCES : 1813
BSE DECLINES : 1072
NSE ADVANCES :  939
NSE DECLINES :  469

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jun)- -1012250(-20.48%)
Nifty- 5500 PE(Jun)- +1801350(+24.62%)

Nifty- 5600 CE(Jun)- +425000(+5.57%)
Nifty- 5600 PE(Jun)- +2877100(+65.06%)

Nifty- 5700 CE(Jun)- +2761500(+46.63%)
Nifty- 5700 PE(Jun)- +107150(+32.32%)

Closing 

Nifty- closed at +5,600.45(+55.15 Points & +0.99%%)
Sensex- closed at +18,693.86(+201.41 Points & +1.09%)
CNX MIDCAP - closed at +7,966.75(+41.90 Points & +0.53%)
BSE SMALL CAP- closed at +8,110.30(+76.67 Points & +0.95%)

FII Trading Data in Derivatives Segment on 29-Jun-2011

FII & DII trading activity in Capital Market Segment on 29-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 29-Jun-2011 3099.16 2429.81 669.35

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Jun-2011 1290.67 1531.26 -240.59

Nifty Spot-Levels & Trading Strategy for 30-06-2011

Nifty Spot-Levels

R3 5658
R2 5633
R1 5616
Avg 5591
S1 5574
S2 5549
S3 5532

Nifty Spot-Trading Strategy

H6 5642     Trgt 2
H5 5632     Trgt 1
H4 5623     Long breakout
H3 5611     Go Short
H2 5607
H1 5603
L1 5596
L2 5592
L3 5588     Long
L4 5576     Short Breakout
L5 5567     Trgt 1
L6 5557     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 30-06-2011

Nifty(Jun Fut)-Levels

R3 5670
R2 5641
R1 5622
Avg 5593
S1 5574
S2 5545
S3 5526

Nifty(Jun Fut)-Trading Strategy

H6 5652     Trgt 2
H5 5641     Trgt 1
H4 5630     Long breakout
H3 5617     Go Short
H2 5612
H1 5608
L1 5599
L2 5595
L3 5590     Long
L4 5577     Short Breakout
L5 5566     Trgt 1
L6 5555     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 30-06-2011

Bank Nifty(Jun Fut)-Levels

R3 11279
R2 11230
R1 11197
Avg 11148
S1 11115
S2 11066
S3 11033

Bank Nifty(Jun Fut)-Trading Strategy

H6 11246     Trgt 2
H5 11227     Trgt 1
H4 11209     Long breakout
H3 11186     Go Short
H2 11179
H1 11171
L1 11156
L2 11148
L3 11141     Long
L4 11118     Short Breakout
L5 11100     Trgt 1
L6 11081     Trgt 2

Pre-closing Outlook(29-06-2011)

Following line was told in Market Outlook today:-

"Crucial and next trend deciding resistance range is 5555-5600 and Nifty will trade between and beyond this range today and tomorrow"

Nifty traded whole day within mentioned range and being close near 5600 also.

It is clear that whole day trading on the verge of most crucial and trend deciding level is strong indication decisive trend formations.

Intraday patterns of today are showing consolidations therefore up moves possibility is higher after today.

Mid-session Outlook (29-06-2011)

Nifty traded most of the time within mentioned resistance range since opening today with intraday patterns are showing consolidations therefore breaking out and sustaining above 5600 turns higher today.

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):-

Just click on chart for its enlarged view

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.

Nifty-Micro Analysis of Intra Day Chart For 29-06-2011

Nifty-Intra Day Chart(28-06-2011):-

Just click on chart for its enlarged view

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.

FII Trading Data in Derivatives Segment on 28-Jun-2011

Indian Stock Markets Closing Reports(28-06-2011)

Main features of today trading are as follows                                                                                   
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

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 28-Jun-2011 2774.22 1954.81 819.41

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Jun-2011 999.42 1574.48 -575.06