Nifty Spot-Levels & Trading Strategy for 26-08-2011

Nifty Spot-Levels

R3 4984
R2 4949
R1 4894
Avg 4859
S1 4804
S2 4769
S3 4714

Nifty Spot-Trading Strategy

H6 4929     Trgt 2
H5 4908     Trgt 1
H4 4888     Long breakout
H3 4863     Go Short
H2 4855
H1 4847
L1 4830
L2 4822
L3 4814     Long
L4 4789     Short Breakout
L5 4769     Trgt 1
L6 4748     Trgt 2

Nifty(Sep Fut)-Levels & Trading Strategy for 26-08-2011

Nifty(Sep Fut)-Levels

R3 4975
R2 4946
R1 4905
Avg 4876
S1 4835
S2 4806
S3 4765

Nifty(Sep Fut)-Trading Strategy

H6 4934     Trgt 2
H5 4918     Trgt 1
H4 4902     Long breakout
H3 4883     Go Short
H2 4876
H1 4870
L1 4857
L2 4851
L3 4844     Long
L4 4825     Short Breakout
L5 4809     Trgt 1
L6 4793     Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 26-08-2011

Bank Nifty(Sep Fut)-Levels

R3 9579
R2 9488
R1 9346
Avg 9255
S1 9113
S2 9022
S3 8880

Bank Nifty(Sep Fut)-Trading Strategy

H6 9437     Trgt 2
H5 9385     Trgt 1
H4 9332     Long breakout
H3 9268     Go Short
H2 9246
H1 9225
L1 9182
L2 9161
L3 9139     Long
L4 9075     Short Breakout
L5 9022     Trgt 1
L6 8970     Trgt 2

Pre-Closing Outlook(25-08-2011)

Detailed analysis of today market has already been explained in Mid-session Outlook today. Weakness in Indian markets was told in all the outlooks of yesterday and today(anyone may verify) and it was seen also. Nifty is trading between last 5 seesions support range(4798-4850) and coming couple of sessions will decide that this support is surviving or not.

Although Indian markets slipped from higher levels and trading at lower levels but intraday trading patterns are not suggesting pure selling today and consolidation patterns are also seen in today intraday chart.

It will be better to get next market first confirmation through sustaining beyond present support range(4798-4850)

Mid-session Outlook(25-08-2011)

As genuine selling patterns between 4898-4960 yesterday therefore weak market was told in all the outlooks. Indian markets completely ignored strong global cues and trading in Red as well as Nifty was 50 points down also at one time.

Following technical positions of last 4 sessions was updated in Pre-open Outlook today and Nifty traded most time today between that zone where no buying or selling told(4850-4898):-

1- Selling between 4898-4960
2- Buying between 4798-4850

Higher levels selling and lower levels buying is well proved and Nifty will prepare for next moves between today range of at this moment today(4839-4915).Just watch folowing ranges dfor deciding next moves:-

1- For next moves first indication 4839-4915
2- For survival or termination of Pull Back rally 4798-4960.

Today and coming sessions intraday charts formation within this range will decide that previous week started rally will survive or not. As Indian markets could cot sustained at higher levels and slipped sharply threfore down moves possibilities turned higher and confirmation will be dipping below 4898.

Post-open Outlook(25-08-2011)

As all the global markets are strong therefore indian markets opened and traded in Green immdiately after opening. Although good selling between 4898-4960 yesterday but sharp surges and voltality may be seen on the back of strong global cues.As good selling yesterday therefore Indian markets are under performing global markets and traded in Red also today.

Good selling between 4898-4960 yesterday therefore if Nifty sustains above 4960 on the back of strong Global cues then next up moves will be considered.Follow up selling and slipping possibility can not be ruled out today also.

NIFTY-Aug F&O-1st Shorting of 24-08-2011-Covering

NIFTY Aug F & O(Shorted on 24-08-2011)-All the Global markets are strong,Cover immediately-4897

Pre-open Outlook(25-08-2011)

Pull Back rally started on 19-08-2011 from 4796 after lower levels consolidations and halted on 24-08-2011 at 4962 after higher levels selling.Technical positions of last 4 sessions are as follows:-

1- Selling between 4898-4960
2- Buying between 4798-4850

Asian markets are strong today after US markets Green closing therefore Indian markets will open positive. As good selling between 4898-4960 yesterday therefore if Nifty sustains above 4960 on the back of strong Global cues then next up moves will be considered.

FII Trading Data in Derivatives Segment on 24-Aug-2011

FII & DII trading activity in Capital Market Segment on 24-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 24-Aug-2011 1853.82 2737.3 -883.48

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Aug-2011 1161.68 600.58 561.1

Nifty-Micro Analysis of Intra Day Chart For 25-08-2011

Nifty-Intra Day Chart(24-Aug-2011):-

Just click on chart for its enlarged vie

Technical Patterns and Formations in today intraday charts

1- Selling between 4952-4960
2- Selling between 4898-4925
3- Whole day trading between 4876-4961

Conclusions

Finally whole day selling proved and it is strong indication of Pull Back rally failure. More down moves will be seen tomorrow. Cofirm selling between 4898-4960 and it is immediate resistance now. Until Nifty will not sustain above 4960 till then any upmove will not be considered.

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

Main features of today trading are as follows

1- Bearish Harami Candle.
2- Long Black Candle.
3- All the Indices closed in Red.

Ratios

Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(01-Aug-2011): 17.65

Advances & Declines

BSE ADVANCES : 1310
BSE DECLINES : 1555
NSE ADVANCES :  596
NSE DECLINES :  824

Nifty Open Interest Changed Today

Nifty- 4800 CE(Aug)- +23700(+2.82%)
Nifty- 4800 PE(Aug)- +1468150(+25.83%)

Nifty- 4900 CE(Aug)- +856850(+25.27%)
Nifty- 4900 PE(Aug)- -519250(-10.37%)

Nifty- 5000 CE(Aug)- +1389750(+22.15%)
Nifty- 5000 PE(Aug)- -835850(-19.73%)

Closing 

Nifty- closed at 4,888.90(-60.00 Points & -1.21%)
Sensex- closed at 16,284.98(-213.49 Points & -1.29%)
CNX MIDCAP - closed at 7,266.30(-58.20 Points & -0.79%)
BSE SMALL CAP- closed at 7,158.64(-36.68 Points & -0.51%)

Nifty Spot-Levels & Trading Strategy for 25-08-2011

Nifty Spot-Levels

R3 5028
R2 4995
R1 4941
Avg 4908
S1 4854
S2 4821
S3 4767

Nifty Spot-Trading Strategy

H6 4975     Trgt 2
H5 4955     Trgt 1
H4 4935     Long breakout
H3 4911     Go Short
H2 4903
H1 4895
L1 4880
L2 4872
L3 4864     Long
L4 4840     Short Breakout
L5 4820     Trgt 1
L6 4800     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 25-08-2011

Nifty(Aug Fut)-Levels

R3 5034
R2 4997
R1 4940
Avg 4903
S1 4846
S2 4809
S3 4752

Nifty(Aug Fut)-Trading Strategy

H6 4977     Trgt 2
H5 4956     Trgt 1
H4 4934     Long breakout
H3 4908     Go Short
H2 4900
H1 4891
L1 4874
L2 4865
L3 4857     Long
L4 4831     Short Breakout
L5 4810     Trgt 1
L6 4788     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 25-08-2011

Bank Nifty(Aug Fut)-Levels

R3 9790
R2 9678
R1 9498
Avg 9386
S1 9206
S2 9094
S3 8914

Bank Nifty(Aug Fut)-Trading Strategy

H6 9611     Trgt 2
H5 9544     Trgt 1
H4 9478     Long breakout
H3 9398     Go Short
H2 9371
H1 9344
L1 9291
L2 9264
L3 9237     Long
L4 9157     Short Breakout
L5 9091     Trgt 1
L6 9024     Trgt 2

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.