NIFTY-Aug F&O-1st Selling of 24-08-2011-Trade

NIFTY(Aug Fut-Sell-Positional)SL-4916-TGT-4826-CMP-4881

NIFTY(Aug Put Option-Buy-Positional)SL-4916-TGT-4826-S.P.FOR Put-4900(Aug Fut-Rates for all Options)-CMP-4881

Pre-Closing Outlook(24-08-2011)

Detailed analysis of today and yesterday technical positions have been explained in Mid-session Outlook today therefore go through that also.

Nifty is trading between 4898-4925 for the last 3 hours. Although Nifty moved above it but could not sustained and slipped within it. Confirm selling at higher levels and proving of selling between this range will mean termination of on going Pull Back Rally. As selling signals also emerged in last 3 hours Intraday patterns therefore breaking down and sustaining below possibility is high now.

Mid-session Outlook(24-08-2011)

Following 3 selling ranges in today and yesterday sessions:-

1- 4952-4963(Yesterday)
2- 4952-4960(Today)
3- 4930-3940(Minor selling today)

Buying in following range seen yesterday:-

4863-4898(Yesterday buying)

Nifty traded between 4863-4963 today and tomorrow with higher level good selling and lower levels buying within it. Pull Back rally halted after good selling at higher levels and its termination confirmation will be slipping below 4863. As good consolidation seen between 4863-4898 yesterday therefore complete selling is must for slipping below 4863.

Nifty is trading between 4898-4925 for the last 1 hour and break out of this range will decide that on going Pull Back rally is surviving or terminating below 4863. As last one hour Intraday patterns are showing lower levels consolidation today therefore Pull Back rally survival hopes are still alive.

Post-open Outlook(24-08-2011)

Selling Patterns between 4952-4960 today.It is follow up selling after yesterday selling between this range(4952-4963) therefore slipping is very much possible and next up move will be considered only after sustaining above 4963.

Pre-open Outlook(24-08-2011)

Although US markets closed with good gains yesterday but Dow's Futures is more than 100 points down today morning therefore all the Asian markets are trading weak Sentiment is little depressed and opening may be weak.

Nifty traded between 4929-4963 in last 3 hours with mixed intraday patterns yesterday therefore this range should be watched first. Although up moves are finally expected but mentioned range should be watched for next moves first indication.

Fibonacci Retracement Levels & 6 Resistances

Pull Back rally is on and following resistances levels should be watched for termination of Pull Back Rally. Market require complete selling patterns for reversal of pull back rally and until that will not happen till then rally will remain continued:-

13.0%- 4987
23.6%- 5152
27.0%- 5205
38.2%- 5378
50.0%- 5562
61.8%- 5745
70.7%- 5883
76.4%- 5971
78.6%- 6005
88.6%- 6161

EOD Chart(23-Aug-2011):-

Just click on chart for its enlarged view

Next immediate resistance range is 5100-5200(Good selling) and this range and should be watched first.

Technical Analysis,Researches & Market Outlook(24-08-2011)

Nifty-Micro Analysis of Intra Day Chart For 24-08-2011

Nifty-Intra Day Chart(23-Aug-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Good consolidation between 4863-4898.
2- Selling between 4952-4963.
3- Consolidation Patterns between 4929-4952
4- Whole day trading between 4863-4965

Conclusions

Firstly rally after good lower level consolidation and then again consolidation Patterns between 4929-4952 after 90 minutes higher levels Selling between 4952-4963. As consolidation Patterns again seen at higher levels therefoe continuation of rally expected tomorrow.

FII Trading Data in Derivatives Segment on 23-Aug-2011

FII & DII trading activity in Capital Market Segment on 23-Aug-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 23-Aug-2011 2577.78 2678.12 -100.34

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Aug-2011 928.39 625.5 302.89

Indian Stock Markets Closing Reports(23-Aug-2011)

Main features of today trading are as follows

1- Bullish Hammer Candle.
2- Green closing
3- All the Indices closed positive.

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(23-Aug-2011): 17.87

Advances & Declines

BSE ADVANCES : 1835
BSE DECLINES : 1024
NSE ADVANCES : 1007
NSE DECLINES :  403

Nifty Open Interest Changed Today

Nifty- 4900 CE(Aug)- +362550(+11.41%)
Nifty- 4900 PE(Aug)- +1178850(+30.79%)

Nifty- 5000 CE(Aug)- +868700(+13.67%)
Nifty- 5000 PE(Aug)- +1038050(+27.88%)

Closing 

Nifty- closed at 4,948.90(+50.10 Points & +1.02%)
Sensex- closed at 16,498.47(+156.77 Points & +0.96% )
CNX MIDCAP - closed at 7,324.50(+85.30 Points & +1.18%)
BSE SMALL CAP- closed at 7,195.32(+82.71 Points & +1.16%)

Nifty Spot-Levels & Trading Strategy for24-08-2011

Nifty Spot-Levels

R3 5089
R2 5027
R1 4987
Avg 4925
S1 4885
S2 4823
S3 4783

Nifty Spot-Trading Strategy

H6 5051     Trgt 2
H5 5027      Trgt 1
H4 5004     Long breakout
H3 4976      Go Short
H2 4966
H1 4957
L1 4938
L2 4929
L3 4919     Long
L4 4891     Short Breakout
L5 4868     Trgt 1
L6 4844     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for24-08-2011

Nifty(Aug Fut)-Levels

R3 5099
R2 5036
R1 4991
Avg 4928
S1 4883
S2 4820
S3 4775

Nifty(Aug Fut)-Trading Strategy

H6 5056     Trgt 2
H5 5031     Trgt 1
H4 5006     Long breakout
H3 4976     Go Short
H2 4966
H1 4956
L1 4937
L2 4927
L3 4917     Long
L4 4887     Short Breakout
L5 4862     Trgt 1
L6 4837     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for24-08-2011

Bank Nifty(Aug Fut)-Levels

R3 9813
R2 9666
R1 9573
Avg 9426
S1 9333
S2 9186
S3 9093

Bank Nifty(Aug Fut)-Trading Strategy

H6 9725     Trgt 2
H5 9668     Trgt 1
H4 9612     Long breakout
H3 9546     Go Short
H2 9524
H1 9502
L1 9458
L2 9436
L3 9414     Long
L4 9348     Short Breakout
L5 9291     Trgt 1
L6 9234     Trgt 2

Pre-Closing Outlook(23-08-2011)

Following line was told at 01:54PM today in Mid-session Outlook-3:-

"Selling formations between 4952-4963"

Any one can verify from today intraday charts that Nifty could not moved above 4963 after my above selling formation message. Nifty slipped below 4952 sharply at 02:29pm and made bottom of 4927 after my posting.

Technical positions of today intraday charts as follows:-

1- Good consolidation between 4863-4898 today.
2- Selling between 4952-4963.

View can not be bearish after 90 minutes today higher levels selling and outlook is still positive. Expected that more consolidation will be seen and after that Nifty will finally cross 4963. View is positive but selling at higher levels today therefore only confirmation is required through sustaining above 4963.

Mid-session Outlook-3(23-08-2011)

Selling formations between 4952-4963.

Mid-session Outlook-2(23-08-2011)

 Examples of today accurate predictions:-

1- Slipping upto 4865 was told and Nifty slipped upto 4863.80 before strong recovery of more than 60 points.
2- Only positive market was told again and again and market turned Positive after slipping into negative zone.

Nifty moved above 4891 and rally expected after sustaining above it now. 

Mid-session Outlook(23-08-2011)

Slipping upto 4865 was told  and Nifty slipped upto 4863.80 at this moment today. Let down moves stop first and base formation begin today then ongoing consolidation lowest will get confirmation.

Positive market is expected after some more consolidations and next upmove confirmation level is sustaining above 4891. Any down move will be considered only after sustaining below 4865 and next moves confirmation range is 4865-4891.

Post-open Outlook(23-08-2011)

Following line was told for today market in Technical Analysis,Researches & Market Outlook(23-08-2011)

As sentiment turned heated during last one hour of trading yesterday therefore market require some consolidation before any up move and slipping upto 4865 may be possible in consolidation precess otherwise continuation of yesterday started rally expected in the coming sessions.

Slipping possibility upto 4865 was told and Nifty has already slipped up 4876 today. Fresh consolidation was a demand before any up move and it has already been explained also.

Positive market is expected after some more consolidations and next upmove confirmation level is sustaining above 4891.

Pre-open Outlook(23-08-2011)

Technical Analysis and Research and Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 1 Chart therefore not being repeated:-

Technical Analysis,Researches & Market Outlook(23-08-2011)

Dow's Futures is more than 60 points up and all Asian markets are trading in Green therefore sentiment is good today morning and Indian markets will open gap up today. Pull Back rally is on and positive market expected today.

Technical Analysis,Researches & Market Outlook(23-08-2011)

Nifty-Micro Analysis of Intra Day Chart For 23-08-2011

Nifty-Intra Day Chart(22-Aug-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4809-4850
2- Rising channel Formation
3- Whole day trading between 4809-4907

Conclusions

EOD Chart analysis has already been explained in following topic on 21-08-2011 :-

Pull Back Rally Possibility from 4843

Pull Back rally begun after base formation between 4798-4850 in last two sessions and after that upmoves were seen in Rising channel between 4850-4905 yesterday.

Next immediate resistances are as follows:-

1- 4910-4932(Gap)
2- 5100-5200(Good selling)

As sentiment turned heated during last one hour of trading yesterday therefore market require some consolidation before any up move and slipping upto 4865 may be possible in consolidation precess otherwise continuation of yesterday started rally expected in the coming sessions.

Indian markets are technically mature for Pull back rally and its confirmation will be fresh consolidation firstly and then sustaining above 4891.

Expected that Nifty will finally sustain above 4891 after consolidation today.

Indian Stock Markets Closing Reports(22-Aug-2011)

Main features of today trading are as follows

1- Long White Candle.
2- Most Indices closed near the high of day.
3- All the Indices closed in Green except Bank and IT.

Ratios

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(22-Aug-2011): 17.68

Advances & Declines

BSE ADVANCES : 1809
BSE DECLINES : 1029
NSE ADVANCES : 1023
NSE DECLINES :  403

Nifty Open Interest Changed Today

Nifty- 4800 CE(Aug)- -1060600(-39.29%)
Nifty- 4800 PE(Aug)- +485050(+9.74%)

Nifty- 4900 CE(Aug)- -1083650(-25.06%)
Nifty- 4900 PE(Aug)- +377400(+10.47%)

Closing 

Nifty- closed at 4,898.80(+53.15 Points & +1.10%)
Sensex- closed at 16,341.70(+200.03 Points & +1.24% )
CNX MIDCAP - closed at 7,239.20(+107.95 Points & +1.51%)
BSE SMALL CAP- closed at 7,112.61(+108.05 Points & +1.54%)