Nifty Spot-Levels & Trading Strategy for 25-07-2011

Nifty Spot-Levels

R3 5736
R2 5689
R1 5661
Avg 5614
S1 5586
S2 5539
S3 5511

Nifty Spot-Trading Strategy

H6 5708     Trgt 2
H5 5691     Trgt 1
H4 5674     Long breakout
H3 5653     Go Short
H2 5646
H1 5639
L1 5626
L2 5619
L3 5612     Long
L4 5591     Short Breakout
L5 5574     Trgt 1
L6 5557     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 25-07-2011

Nifty(Jul Fut)-Levels

R3 5752
R2 5702
R1 5673
Avg 5623
S1 5594
S2 5544
S3 5515

Nifty(Jul Fut)-Trading Strategy

H6 5725     Trgt 2
H5 5706     Trgt 1
H4 5688     Long breakout
H3 5666     Go Short
H2 5659
H1 5652
L1 5637
L2 5630
L3 5623     Long
L4 5601     Short Breakout
L5 5583     Trgt 1
L6 5564     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 25-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11610
R2 11470
R1 11390
Avg 11250
S1 11170
S2 11030
S3 10950

Bank Nifty(Jul Fut)-Trading Strategy

H6 11533     Trgt 2
H5 11482     Trgt 1
H4 11431     Long breakout
H3 11370     Go Short
H2 11350
H1 11330
L1 11289
L2 11269
L3 11249     Long
L4 11189     Short Breakout
L5 11137     Trgt 1
L6 11086     Trgt 2

Nifty Spot-Weekly Levels & Trading01trategy(Jul 25 to Jul 29,2011)

Nifty Spot-Weekly Levels

R3 5781
R2 5711
R1 5672
Avg 5602
S1 5563
S2 5493
S3 5454

Nifty Spot-Weekly Trading Strategy 

H6 5743     Trgt 2
H5 5718     Trgt 1
H4 5692     Long breakout
H3 5662     Go Short
H2 5652
H1 5642
L1 5623
L2 5613
L3 5603     Long
L4 5573     Short Breakout
L5 5547     Trgt 1
L6 5522     Trgt 2

Pre-closing Outlook(22-07-2011)

Range bound between mentioned resistance range 5606-5636 for the last 4 hours with intraday consolidations but little selling also felt at higher levels therefore this range break out will be watched for next moves confirmations in next week and break out above 5636 possibility is higher as well.

Post-open Outlook(22-07-2011)

Indian markets opened and trading with good gains but not strong and under performing global markets immediately after opening today. Coming hours intraday charts will give confirmation of consolidation or distribution and break out of 5555-5600 will give next move first indiction but:-

1- Resistance between 5606-5636 above 5600
2- Support between 5535-5553 below 5555

Next trend confirmation 101 point range is 5535-5636 and expected that Nifty will trade between this range in couple of sessions and prepare for next moves. Next trend deciding broader range is 5496-5740 but break out of 5535-5636 will be almost confirmation of mentioned broader range crossing.

9 days range bound market and 3 following crucial ranges are for confirmation of next trend of Indian markets and break out of these ranges will give next moves confirmation one by one:-

1- 5555-5600(Indication consolidation/distribution)
2- 5535-5636(First indication next trend)
3- 5496-5740(Next trend confirmation)

As today intraday charts are showing consolidation patterns therefore rally expectations are very much alive.

Strong Global cues inviting Bulls

Technical Analysis,Researches & Market Outlook For 22-07-2011

Nifty-Weekly Chart(21-Jul-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in Weekly  charts

1- Continuation Pattern Pennant formation
2- Falling Trend Line
3- 19 Months Rising Trend Line
4- MACD upward cross over

Conclusions

Bullish patterns in Weekly chart and weekly MACD upward cross are suggesting rally but correction is on for the last 3 weeks and high voltality is being seen in Indian and global markets. Daily new conflicting news from European countries and all the global markets are reacting on all that. As EU agrees on Greek aid therefore US Stocks advanced yesterday and in reactions all the Asian stocks are strong today morning.

As  Nifty consolidated between 5535-5553 yesterday and Global markets are rallying today morning therefore indian markets will also open with good gains and firstly trade between 5565-5605 as well as prepare for next moves. Immediate resistance above this range is between 5606-5636 and today intraday consolidation between mentioned both ranges will mean beginning of rally above 5650 after 9 days sideways market. Weekly MACD is showing positive market signals and today intraday consolidation will mean rally after 5650 crossing.

Strong global news and cues and possibility of Greece problem solution therefore expected that Indian markets will consolidate today and strong rally above 5650 will be seen within couple of sessions.

Strong Global cues inviting Bulls therefore Whole day positive markets and Green closing with good gains expected today and for precaution sustaining beyond next resistance range of 5606-5636 will be watched for confirmations.

US Stocks advance as EU agrees on Greek aid

NEW YORK (CNNMoney) -- U.S. stocks advanced Thursday, following news that European leaders may have reached an agreement in Brussels to contain Greece's debt crisis.

http://money.cnn.com/2011/07/21/markets/markets_newyork/index.htm

Nifty-Micro Analysis of Intra Day Chart For 22-07-2011

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Range bound trading between 5532.70-5578.90
2- Selling between- 5558-5573
3- Condolidation between- 5535-5553

Conclusions

Whole day range bound trading with higher levels selling and lower levels consolidations indications. Nifty has to struggle for up moves above 5580 and fast steep fall will be seen after sustaining below 5530.

Mentioned range(5530-5580) break out will be next trend strong indication and should be watched first for next moves confirmation tomorrow.

FII & DII trading activity in Capital Market Segment on 21-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 21-Jul-2011 1627.54 2205.18 -577.64

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Jul-2011 1223.92 815.56 408.36

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

Main features of today trading are as follows

1- Doji like small Black Candle.
2- All the Indices closed in Red except IT,FMCG and Power.
3- Range bound trading today.

Ratios

Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(21-Jul-2011): 20.25

Advances & Declines

BSE ADVANCES : 1150
BSE DECLINES : 1730
NSE ADVANCES : 479
NSE DECLINES : 930

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- +1532750(+28.68%)
Nifty- 5500 PE(Jul)- +689150(+6.38%)

Nifty- 5600 CE(Jul)- +1205800(+13.55%)
Nifty- 5600 PE(Jul)- -377150(-5.49%)

Closing 

Nifty- closed at 5,541.60(-25.45 Points & -0.46%)
Sensex- closed at 18,436.19(-66.19 Points & -0.36% )
CNX MIDCAP - closed at 8,048.15(-60.05 Points & -0.74%)
BSE SMALL CAP- closed at 8,394.30(-38.04 Points & -0.45 %)

Nifty(Jul Fut)-Levels & Trading Strategy for 22-07-2011

Nifty(Jul Fut)-Levels

R3 5630
R2 5608
R1 5576
Avg 5554
S1 5522
S2 5500
S3 5468

Nifty(Jul Fut)-Trading Strategy

H6 5598     Trgt 2
H5 5585     Trgt 1
H4 5573     Long breakout
H3 5558     Go Short
H2 5553
H1 5548
L1 5539
L2 5534
L3 5529     Long
L4 5514     Short Breakout
L5 5502     Trgt 1
L6 5489     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 22-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11381
R2 11305
R1 11186
Avg 11110
S1 10991
S2 10915
S3 10796

Bank Nifty(Jul Fut)-Trading Strategy

H6 11262     Trgt 2
H5 11218     Trgt 1
H4 11174     Long breakout
H3 11120     Go Short
H2 11102
H1 11084
L1 11049
L2 11031
L3 11013     Long
L4 10959     Short Breakout
L5 10915     Trgt 1
L6 10871     Trgt 2

Nifty Spot-Levels & Trading Strategy for 22-07-2011

Nifty Spot-Levels

R3 5614
R2 5596
R1 5568
Avg 5550
S1 5522
S2 5504
S3 5476

Nifty Spot-Trading Strategy

H6 5587     Trgt 2
H5 5576     Trgt 1
H4 5566     Long breakout
H3 5553     Go Short
H2 5549
H1 5545
L1 5536
L2 5532
L3 5528     Long
L4 5515     Short Breakout
L5 5505     Trgt 1
L6 5494     Trgt 2

Pre-closing Outlook(21-07-2011)

Nifty traded whole day between mentioned range(5530-5580) and slipped from higher levels after minor selling at higher levels between 5558-5573 but lower levels patterns are indicating consolidation also. US markets may slip today because selling intraday patterns in US markets intraday charts.

Sentiment may be depressed tomorrow morning and sustaining beyond today trading range will be next moves confirmations.

Post-open Outlook(21-07-2011)

Following line was told in Pre-open Outlook today:-

"Nifty will first trade and prepare for next moves between 5530-5580 after flat to negative opening"

Nifty traded in first hour today between 5536.25-5578.90 and preparing for next moves and voltality is being seen within this range. Good seliing above this range and follow up selling today will mean sharp declines and follow up buying will mean beginning of fresh slow rally through consolidations above 5580.

Foundation of next moves will be laid between 5530-5580 in the coming hours today and its break out implications will be on above mentioned lines.

Pre-open Outlook(21-07-2011)

Technical Positions,today Outlook and next possibilities have already been explained in following topic in the Blog yesterday therefore not being repeated today:-

1- Technical Analysis,Researches & Market Outlook(21-07-2011)
2- Nifty-Micro Analysis of Intra Day Chart For 21-07-2011

Nifty is volatile between little broader range of 5500-5650 for the last 7 sessions therefore next decisive moves confirmation will be sustaining beyond this range,as good support at lower levels and strong resistance at higher levels also therefore its break out not expected today.

Asian markets are little weak today morning after US markets Red closing yesterday therefore sentiment is subdued and Nifty will first trade and prepare for next moves between 5530-5580 after flat to negative opening and :-

1- 5530-5580 break out will be next moves first indication.
2- 5500-5650 break out will be next trend strong confirmation.

Technical Analysis,Researches & Market Outlook(21-07-2011)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

Bullish Formations

1- Double bottom at 5496
2- Good intraday consolidation between 5500-5573
3- Wave 3 range bound between 5496-5655

Bearish Formations

1- Lower top formations at 5655
2- Tripple top formation at 5655
3- Selling between 5595-5653
4- Engulfing Bearish Candle today.

Conclusions

Sub Wave-3 is on after corrective Sub wave-2 completion at 5496 and range bound between 5496-5655 for the last 7 sessions,Good support between 5500-5573 and resistance between 5595-5653 within this range. Implication of 5595-5653 break out are as follows:-

1- Sustaing above 5653 will be confirmation of impulsive Sub Wave-3 contunuation and upmoves will be expected after crossing 5740.

2- sustaining below 5496 will be confirmation of Sub Wave-3 failure and corrective Sub Wave-2 continuation and sharp down moves will be seen between 5195-5496

Conflicting global news flow and sentiments therefore news based voltality is being seen for the last few sessions. Next trend confirmation will be sustaining beyond 5496-5655 and should be watched first because lower levels support and higher levels resistance within mentioned 156 points range. Expected that Nifty will trade between mentioned range and firstly prepare for next moves near 5573.

Nifty-Micro Analysis of Intra Day Chart For 21-07-2011

Nifty-Intra Day Chart(20-Jul-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5606-5636
2- Selling between 5575-5595
3- Last 1 hour mixed Patterns between 5556-5573

Conclusions

Whole day selling at higher levels. 5600-5650 was already resistance and again intraday selling seen between 5606-5636 and in this manner resistance range becomes stronger. 5500-5577 is strong support range but Nifty entered between it after again selling between 5575-5595. Niifty traded between 5556-5573 in last 1 hour with intraday mixed patterns.

Confirm selling between 5575-5650 and lower levels buying between 5500-5573. Indian markets are range bound,follow up buying/selling tomorrow and the coming sessions as well as break out of 5500-5650 will form next trend.

Indian markets are extremely global cues based,beginning of tomorrow market and first trading range will be decided after understanding tomorrow morning global cues and will be posted accordingly before opening.

FII & DII trading activity in Capital Market Segment on 20-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 20-Jul-2011 1876.93 1967.37 -90.44

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 20-Jul-2011 1198.73 1178.25 20.48

Indian Stock Markets Closing Reports(01-Jul-2011)

Main features of today trading are as follows

1- Whole day down moves and lost all the yesterday gains.
2- Black Candle.
3- All the Indices closed in Red except Reality and FMCG.

Ratios

Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(20-Jul-2011): 20.34

Advances & Declines

BSE ADVANCES : 1171
BSE DECLINES : 1732
NSE ADVANCES : 467
NSE DECLINES : 962

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- +1438000(+36.67%)
Nifty- 5500 PE(Jul)- -721700(-6.26%)

Nifty- 5600 CE(Jul)- +1969100(+27.63%)
Nifty- 5600 PE(Jul)- -495750(-6.56%)

Nifty- 5700 CE(Jul)- +1302600(+14.31%)
Nifty- 5700 PE(Jul)- -461500(-13.06%)

Closing 

Nifty- closed at 5,567.05(-46.50 Points & -0.83%)
Sensex- closed at 18,502.38(-151.49 Points & -0.81% )
CNX MIDCAP - closed at  8,108.20(-104.70 Points & -1.27%)
BSE SMALL CAP- closed at 8,432.34(-30.58 Points & -0.36%)