Pre-closing Outlook(28-07-2011)

Only 5497 was told for confirmation and Nify embraced this level whole day today with some intraday buying below it and selling near about it. Minor selling seen in last 2 hours between 5492-5506 therefore sustaining below of this range is possible now.

Firstly sustaining below 5492 and then sustaining below 5475 should be watched for down moves confirmations. As today negative zone market is result of depressed global cues therefore sustaining beyond today range(5475-5510) will be next moves confirmation.

Mid-session Outlook(28-07-2011)

First 2 hours technical positions are as follows:-

Selling formations between 5492-5500 
Buying formations between 5475-5485

Nifty is hovering around 5497. Both buying and selling between 25 points range of 5475-5500 and this range break out should be firstly watced for next moves confirmations. 

Market is at crucial support and trend decider 5497 therefore break out complete confirmation is must.

Post-open Outlook-2(28-07-2011)

Selling formations between 5492-5500 today and until Nifty will not move above 5500 till then any up move will not be considered and more down moves possibilities are high.

Post-open Outlook(28-07-2011)

Selling at higher levels today and it is confirmation of 5497 breaking down.

Pre-open Outlook(28-07-2011)

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

Indian Markets Trend Deciding Level-5497

As it was expected that Global cues will be depressed today morning therefore importance of 5497 has already been updated in above topic yesterday. Crashing global markets and sentiment is completely dampened today morning therefore expected that Nifty will trade below 5500 and sustaining beyond 5497 will be next big trend confirmation.

Range bound markets betweeen 5178-5740 for the last 5 months and until Nifty is walking between this field till then targets should remain within it with stop loss beyond this area and all the supports and resistances at every point should be watched for next moves confirmations. 5497 is strong support and its breaking or saving will give confirmation to Long Term Trend.

As global cues are most bearish therefore Red closing after gap down opening and whole day negative zone trading is very much possible but coming sessions market will be decided according to next moves preparation near 5497. Let market prepare for next moves near 5497 then coming days market will be decided according to intraday charts formations and conslusions will be updated in Mid-session Outlooks. 

Indian Markets Trend Deciding Level-5497

Technical Analysis,Researches & Tomorrow Market Outlook(28-07-2011)

Nifty-Intra Day Chart(27-Jul-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between- 5568-5583
2- Buying between 5522-5532

Conclusions

Selling at higher levels and minor buying at lower level as well therefore range bound market between 5522-5584 today and if global sentiments remain quiet tomorrow morning then Nifty will trade within mentioned today trading range.

Nifty-EOD Chart(27-Jul-2011):-

Just click on chart for its enlarged view

Conclusions (After Putting All Studies Together)

Nifty has moved below 5600 therefore Indian markets are again in 5 months old range(5200-5600) and sustaining beyond 5522-5584 will decide that yesterday started correction is complete at today lower levels support or deeper correction possibility below today's lows. Levels have been explained and next supports are as follows:-

1- 5497-5530
2- 5250-5350

Sustaining beyond 5497 must be watched and sustaining below it will be deeper correction confirmation because;-

1- 5497-5530 is strong support and sustaining beyond 5497 will be stong support breaking down.
2- Nifty got support 2 times at 5497 in last 22 sessions and sustaining beyond 5497 will be stong support failure.
3- Nifty traded between 5497-5740 in last 22 sessions and sustaining beyond 5497 will be 22 sessions range breaking down.

Saving or breaking down of crucial support at 5497 will decide next trend. Sustaining below 5497 will be confirmation of all trends turning down and deeper correction. Sustaing above 5497 will be revival of bullish markets hopes.


Just watch sustaining beyond 5497 for next big move confirmations.

Indian Stock Markets Closing Reports(27-Jul-2011)

Main features of today trading are as follows

1- Last 12 sessions low(5497) saved and Nifty got support above it at 5522.
2- Most of the Indices got intraday support at lower levels.
3- Black Candle.


Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(27-Jul-2011): 20.09

Advances & Declines

BSE ADVANCES : 1314
BSE DECLINES : 1550
NSE ADVANCES : 584
NSE DECLINES : 831

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- +1890550(+33.17%)
Nifty- 5500 PE(Jul)- -1052350(-9.41%)

Nifty- 5600 CE(Jul)- +1892750(+21.38%)
Nifty- 5600 PE(Jul)- -982200(-13.17%)

Closing 

Nifty- closed at 5,546.80(-28.05 Points & -0.50%)
Sensex- closed at 18,432.25(-85.97 Points & -0.46% )
CNX MIDCAP - closed at 8,114.15(-5.15 Points & -0.06%)
BSE SMALL CAP- closed at 00.00(+2.43 Points & +0.03%)

Nifty Spot-Levels & Trading Strategy for28-07-2011

Nifty Spot-Levels

R3 5654
R2 5622
R1 5584
Avg 5552
S1 5514
S2 5482
S3 5444

Nifty Spot-Trading Strategy

H6 5616     Trgt 2
H5 5600     Trgt 1
H4 5584     Long breakout
H3 5565     Go Short
H2 5558
H1 5552
L1 5539
L2 5533
L3 5526     Long
L4 5507     Short Breakout
L5 5491     Trgt 1
L6 5475     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for28-07-2011

Nifty(Jul Fut)-Levels

R3 5654
R2 5621
R1 5584
Avg 5551
S1 5514
S2 5481
S3 5444

Nifty(Jul Fut)-Trading Strategy

H6 5617     Trgt 2
H5 5601     Trgt 1
H4 5585     Long breakout
H3 5566     Go Short
H2 5559
H1 5553
L1 5540
L2 5534
L3 5527     Long
L4 5508     Short Breakout
L5 5492     Trgt 1
L6 5476     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for28-07-2011

Bank Nifty(Jul Fut)-Levels

R3 11277
R2 11202
R1 11109
Avg 11034
S1 10941
S2 10866
S3 10773

Bank Nifty(Jul Fut)-Trading Strategy

H6 11184     Trgt 2
H5 11146     Trgt 1
H4 11108     Long breakout
H3 11062     Go Short
H2 11046
H1 11031
L1 11000
L2 10985
L3 10969     Long
L4 10923     Short Breakout
L5 10885     Trgt 1
L6 10847     Trgt 2

Pre-closing Outlook(27-07-2011)

Indian markets traded negative most of the time and also expected to close in Red today but support seen at lower level between 5522-5532. Selling at higher levels and buying at lower levels today therefore expected that Nifty will once again trade between 5522-5584 tomorrow for shifting of positions to next derivative settlement.

As Nifty moved below 5600 therefore Indian markets are again in 5 months old range(5350-5600) and sustaining beyond 5522-5584 will decide that yesterday started correction is complete at today lower levels support or deeper correction below today's lows.

Mid-session Outlook-3(27-07-2011)

Intraday support seen between 5522-5532.

Mid-session Outlook-2(27-07-2011)

Nifty moved below 5557 therefore mentioned range is broken down  and more down moves confirmations.

Mid-session Outlook(27-07-2011)

Nifty is trading between 5557-3391 since opening and minor intraday support at lower levels and resistance at higher levels seen within this range. Nifty will trade range bound between this 5557-5606 in the coming hours. As mixed trading patterns seen between this range today and yesterday after credit policy therefore break out this range will form decisive very short term trend and should be watched first.

Pre-open Outlook(27-07-2011)

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

1- RBI Credit Policy led Long Engulfing Bearish Candle reversed Technical Formations
2- Nifty-Micro Analysis of Intra Day Chart For 27-07-2011

Asian markets are mixed after US markets Red closing yesterday and US Futures is also flat today therefore Sentiment is quiet and Nifty will open and firstly trade between  last 4 hours range of yesterday(5560-5605). As trading patterns were mixed between mentioned range yesterday therefore Nifty will first trade between this range and prepare for next moves.

Let market final reaction come through mentioned range break out then next trend will get confirmation. Expected that Nifty will trade and hover around 5560-5605 after flat opening and its break out as well as sustaining beyond will be next moves confirmation.

RBI Credit Policy led Long Engulfing Bearish Candle reversed Technical Formations

Technical Analysis and Research & Market Outlook For 27-07-2011

Nifty-EOD Chart(26-Jul-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

Indian markets could not digest 50 basis points rise in key policy rates by RBI and crashed 55 points in 5 minutes after its announcement. Nifty closed 105 points down. Today Candle is Long Engulfing Bearish as well as it reversed all the following Technical Formations:-

1- Nifty traded and closed last 4 hours between previous 10 days trading range(5497-5654) on 26-07-2011.
2- Nifty traded and closed last 4 hours between 5 months range(5350-5600) on 26-07-2011.
3- Moved and closed below 3 crucial EMAs(8,21,200).
4- All trends turned sideways.
5- Daily MACD downward cross over.
6- Falling Trendline Broken down.
7- Pennant pattern again in existence.

Conclusions

Nifty traded last 10 days between 5497-5654 and today traded most of the time below 5600 after Credit policy announcement with mixed intraday patterns,as selling signals are also seen below 5600 therefore more down moves are possible because RBI Credit Policy gave big jolt to fundamentals also.

RBI Credit Policy generated fall reversed above mentioned 7 Bullish patterns and sustaining below 5600 will be confirmation of Indian markets again turning into 5 months old  range(5350-5600) bound market as well as its possibility is higher now.

Nifty-Micro Analysis of Intra Day Chart For 27-07-2011

Nifty-Intra Day Chart(26-Jul-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

Last 4 fours mixed patterns between- 5560-5605

Conclusions

Sharp fall after RBI Credit policy and Nifty traded last 4 hours between 5560-5605 with intraday mixed patterns. As Nifty traded most of the time below 5600 and selling signals are also seen therefore more down moves are possible because RBI Credit Policy gave big jolt to fundamentals today.

Nifty sustaining below 5600 will be confirmation of again turning into range bound mode between 5350-5600 and next moves confirmation range is sustaining beyond 5560-5605.

FII Trading Data in Derivatives Segment on 26-Jul-2011

FII & DII trading activity in Capital Market Segment on 26-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 26-Jul-2011 2479.17 2656.92 -177.75

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Jul-2011 1387.82 1356.33 31.49

Indian Stock Markets Closing Reports(26-Jul-2011)

Main features of today trading are as follows

1- Long Black Candle.
2- All the Indices closed in Red.
3- Sharp fall after RBI credit policy.

Ratios

Nifty Put Call Ratio: 0.97
Nifty P/E Ratio(26-Jul-2011): 20.22

Advances & Declines

BSE ADVANCES : 955
BSE DECLINES : 1961
NSE ADVANCES : 361
NSE DECLINES : 1062

Nifty Open Interest Changed Today

Nifty- 5500 CE(Jul)- +2686700(+82.95%)
Nifty- 5500 PE(Jul)- -206700(-1.80%)

Nifty- 5600 CE(Jul)- +3196750(+55.26%)
Nifty- 5600 PE(Jul)- -2789000(-26.00%)

Nifty- 5700 CE(Jul)- +1914300(+21.05%)
Nifty- 5700 PE(Jul)- -3617450(-42.92%)

Closing 

Nifty- closed at 5,574.85(-105.45 Points & -1.86%)
Sensex- closed at 18,518.22(-353.07 Points & -1.87% )
CNX MIDCAP - closed at 8,119.30(-95.60 Points & -1.16%)
BSE SMALL CAP- closed at 8,437.68(-67.74 Points & -0.80%)

Nifty Spot-Levels & Trading Strategy for 27-07-2011

Nifty Spot-Levels

R3 5822
R2 5765
R1 5669
Avg 5612
S1 5516
S2 5459
S3 5363

Nifty Spot-Trading Strategy

H6 5727     Trgt 2
H5 5692     Trgt 1
H4 5658     Long breakout
H3 5616     Go Short
H2 5602
H1 5588
L1 5559
L2 5545
L3 5531     Long
L4 5489     Short Breakout
L5 5455     Trgt 1
L6 5420     Trgt 2