Nifty-Micro Analysis of Intra Day Chart For 07-09-2011

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4945-4966
2- Mixed Patterns between 5054-5072
3- Whole day trading between 4945-5072

Conclusions

Pull Back rally started on 26-08-2011 from 4720 and its correction begun from 5114. Short term correction remained continued for 4 days and Nifty crossed all the resistances of the rally as well as closed at the top of rally today.

Although Indian markets out performed Global markets in last 3 sessions and continuation of rally also expected in the coming sessions but sustaining above 5072 will be watched firstly for next up moves confirmations because mixed patterns between 5054-5072 in last 50 minutes today.

FII Trading Data in Derivatives Segment on 06-Sep-2011

FII & DII trading activity in Capital Market Segment on 06-Sep-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Sep-2011 3629.92 3198.44 431.48

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Sep-2011 862.48 1277.65 -415.17

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

Main features of today trading are as follows

1- Long White Candle.
2- Green Closing.
3- Strong recovery from lower levels.

Ratios

Nifty Put Call Ratio: 1.14
Nifty P/E Ratio(06-Sep-2011): 18.28

Advances & Declines

BSE ADVANCES : 1622
BSE DECLINES : 1199
NSE ADVANCES : 873
NSE DECLINES : 547

Nifty Open Interest Changed Today

Nifty- 4900 CE(Sep)- +12050(+0.37%)
Nifty- 4900 PE(Sep)- +578700(+10.59%)

Nifty- 5000 CE(Sep)- +252450(+4.63%)
Nifty- 5000 PE(Sep)- +399800(+7.10%)

Nifty- 5100 CE(Sep)- +421000(+9.28%)
Nifty- 5100 PE(Sep)- +289850(+15.45%)

Closing 

Nifty- closed at 5,064.30(+47.10 Points & +0.94%)
Sensex- closed at 16,862.81(+149.48 Points & +0.89% )
CNX MIDCAP - closed at 7,397.90(+20.70 Points & +0.28%)
BSE SMALL CAP- closed at 7,197.24(+50.79 Points & +0.71%)

Pre-Closing Outlook(06-09-2011)

Last Resistance of previous 4 sessions has been crossed and on going Pull Back rally is continued.

Following line proved 100% true which was told  today in Pull Back Rally is on amid Crashing Global Markets;-

 As Good buying between 4929-5026 during last 3 sessions therefore finally upmoves and continuation of Pull Back Rally expected

Mid-session Outlook-2(06-09-2011)

Only Bullish views were posted in this Blog for today despite crashing Global markets. We were cautious for safety because Global markets were crashing and US Futures were more than 2.5% down.

As soon as intraday support developed then it was updated also in Mid-session Outlook and following lines were told:-

"Final conclusion from today markets that Indian markets could not test last 3 sessions low(4929) and lower levels supports are safe because lower levels consolidation also seen between 4945-4966 today"

Nifty crossed 5029 and tested last 3 sessions resistance range(5037-5064) today. Following conclusive line should be kept in mind which was told in Pull Back Rally is on amid Crashing Global Markets:-

Pull Back rally is continued from 4720 and its correction is on between 4929-5064 for the last 3 sessions. As Good buying between 4929-5026 during last 3 sessions therefore finally upmoves and continuation of Pull Back Rally expected but caution is must for the only reason given above.

Mid-session Outlook(06-09-2011)

Indian markets are dancing on volatile Global Cues. Dow's Futures was 287 points down and Indian markets slipped but as soon as Dow's Futures recovered to -210 points then Indian markets surged.

Nifty also slipped but could not sustain below yesterday low of 4966 and last 3 sessions low of 4929 is also not tested. I am again and again telling for global markets influence on Indian markets moves and today voltality is due to Global markets only.

Final conclusion from today markets that Indian markets could not test last 3 sessions low(4929) and lower levels supports are safe because lower levels consolidation also seen between 4945-4966 today.  

Global cues led volatile markets and technical positions shift fast during such markets therefore next decisive moves will get confirmation through sustaining beyond crucial range of 4929-5064.

Post-open Outlook-2(06-09-2011)

Dow's Futures is 287 points down and most of the Asian markets are 1% to 2% down at this moment. Sentiment is completely depressed and last hope is yesterday consolidation range(4966-4994) and Nifty traded most of the time between this range today.

Nifty is sustaining below 4984 and sharp declines are possible after sustaining below below 4966.

Post-open Outlook(06-09-2011)

As Global markets are crashing therefore first range(4984-5029) was given for next moves confirmations in Pre-Open Market Outlook today. Nifty could not sustained at higher levels and slipped below 4984 but Strong support between 4929-4984 also and market require complete selling patterns for sustaining below 4984.

View is cautious and if follow up selling develops today as well as Nifty sustains below 4984 then down moves will be seen on the back of crashing Global markets.

Pre-Open Market Outlook(06-09-2011)

Technical Analysis and Research of  Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 2 Charts therefore not being repeated:-

Pull Back Rally is on amid Crashing Global Markets

All the Global markets are melting but Indian markets are out performing and got support at lower levels in 2 previous sessions. As all the Asian markets are in Red,Dow's Futures is more than 250 points and sentiment is subdued today morning therefore weak opening will be seen and Nifty will first trade at higher levels of yesterday range between 4984-5029

Finally up moves are expected after fresh follow up buying between 4984-5029 but Global markets are crashing therefore break out of today first range(4984-5029) will be watched firstly for next moves confirmations.

Pull Back Rally is on amid Crashing Global Markets

Technical Analysis,Researches & Market Outlook(06-09-2011)

Nifty-Intra Day Chart(05-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Good consolidation Patterns between 4966-4994
2- Two times falling Channel and its break out at higher levels of the day.
3- Whole day trading and consolidation between 4960-5022

Conclusions

Nifty traded whole day betwen 4960-5022 and intraday charts of whole day are suggesting good consolidation Patterns. Although crashing all Global markets today and Dow Futures is 253 points down at this moment also but whole good intraday consolidation today therefore up moves are expected in the coming sessions.

Last 3 sessions trading range is 4929-5064. Supports and resistances within this range are as follows;-

1- Strong supoport between 4929-4995
2- Strong supoport between 4995-5026
3- Resistance between 5037-5064

As all the Global markets are crashing therefore caution is must and above supports/resistance ranges break out should be watched for next moves confirmations. Today whole day good consolidation but follow up buying/selling will be firstly watched tomorrow. Follow up buying tomorrow will mean fast up moves. If follow up selling develops on the back of crashing Global markets then complete selling patterns are required for next down moves and slipping below 4929.

Pull Back rally is continued from 4720 and its correction is on between 4929-5064 for the last 3 sessions. As Good buying between 4929-5026 during last 3 sessions therefore finally upmoves and continuation of Pull Back Rally expected but caution is must for the only reason given above.

FII Trading Data in Derivatives Segment on 05-Sep-2011

FII & DII trading activity in Capital Market Segment on 05-Sep-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-Sep-2011 2971.1 2837.88 133.22

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Sep-2011 1110.29 963.06 147.23

Indian Stock Markets Closing Reports(05-Sep-2011)

Main features of today trading are as follows

1- White Candle.
2- Red closing.
3- Good recovery from intraday lower levels.

Ratios

Nifty Put Call Ratio: 1.17
Nifty P/E Ratio(05-Sep-2011): 18.11

Advances & Declines

BSE ADVANCES : 1486
BSE DECLINES : 1334
NSE ADVANCES : 729
NSE DECLINES : 695

Nifty Open Interest Changed Today

Nifty- 4900 CE(Sep)- +9300(+0.28%)
Nifty- 4900 PE(Sep)- +679100(+13.64%)

Nifty- 5000 CE(Sep)- +202200(+3.83%)
Nifty- 5000 PE(Sep)- +402400(+7.51%)

Nifty- 5100 CE(Sep)- +446350(+10.73%)
Nifty- 5100 PE(Sep)- +200000(+11.81%)

Closing 

Nifty- closed at 5,017.20(-22.80 Points & -0.45%)
Sensex- closed at 16,713.33(-108.13 Points & -0.64% )
CNX MIDCAP - closed at 7,377.20(+41.35 Points & +0.56%)
BSE SMALL CAP- closed at 7,146.45(+12.71 Points & +0.18%)

Nifty Spot-Levels & Trading Strategy for 06-09-2011

Nifty Spot-Levels

R3 5109
R2 5069
R1 5043
Avg 5003
S1 4977
S2 4937
S3 4911

Nifty Spot-Trading Strategy

H6 5083     Trgt 2
H5 5068     Trgt 1
H4 5053     Long breakout
H3 5035     Go Short
H2 5029
H1 5023
L1 5010
L2 5004
L3 4998     Long
L4 4980     Short Breakout
L5 4965     Trgt 1
L6 4950     Trgt 2

Nifty(Sep Fut)-Levels & Trading Strategy for 06-09-2011

Nifty(Sep Fut)-Levels

R3 5104
R2 5067
R1 5038
Avg 5001
S1 4972
S2 4935
S3 4906

Nifty(Sep Fut)-Trading Strategy

H6 5076     Trgt 2
H5 5061     Trgt 1
H4 5046     Long breakout
H3 5028     Go Short
H2 5022
H1 5016
L1 5003
L2 4997
L3 4991     Long
L4 4973     Short Breakout
L5 4958     Trgt 1
L6 4943     Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 06-09-2011

Bank Nifty(Sep Fut)-Levels

R3 9877
R2 9753
R1 9674
Avg 9550
S1 9471
S2 9347
S3 9268

Bank Nifty(Sep Fut)-Trading Strategy

H6 9802     Trgt 2
H5 9755     Trgt 1
H4 9707     Long breakout
H3 9651     Go Short
H2 9633
H1 9614
L1 9577
L2 9558
L3 9540     Long
L4 9484     Short Breakout
L5 9436     Trgt 1
L6 9389     Trgt 2

Pre-Closing Outlook(05-09-2011)

levels selling and lower levels buying therefore range bound market was expected and following line was told today in Technical Analysis,Researches & Market Outlook(05-09-2011)

Expected that Nifty will firstly trade and prepare for next moves between 4960-5026 after gap down opening today

Nifty traded most of the time within mentioned range with first 4 hours good consolidation between 4966-4994. As this range was already good support therefore 30-08-2011 support range(4929-4995) has become stronger today. 

Although matket slipped from intraday higher levels today but strong support at lower levels also today therefore follow up more consolidation and then continuation of on going Pull Back Rally expected tomorrow.

Mid-session Outlook-2(05-09-2011)

Global markets trading positions are as follows:-

1- Asian markets closed or trading:- 1.86% to 4.39% down.
2- European markets trading:- 1.36% to 2.31% down.
3- Dow'Futures is more than 100 points down today.

Indian markets are less than 1% down and out performing global markets today. Indian markets out performed Global markets last Friday also and closed in Green while all the most Global markets closed in Red last Friday.

Nifty traded and consolidated first 4 hours between 4966-4994. This range is today intraday support and strong indication of on going Pull Back rally continuation.

Mid-session Outlook(05-09-2011)

Higher levels selling and lower levels buying therefore range bound market was expected and following line was told today in Technical Analysis,Researches & Market Outlook(05-09-2011)

Expected that Nifty will firstly trade and prepare for next moves between 4960-5026 after gap down opening today

Nifty traded first two hours between 4973-4999 today. Market is preparing for next moves within mentioned range(4960-5026) and today follow up buying/selling will decide its break out direction.

Let market prepare and confirmation come then next trend conclusions will be drawn. Break out ranges for trend confirmations have already been given in Technical Analysis,Researches & Market Outlook(05-09-2011).

Technical Analysis,Researches & Market Outlook(05-09-2011)

Crashing Global markets therefore very easy to say for down moves today but down moves and Pull Back rally termination risk were told 4 times only and only in this Blog last Friday:-

1- Mid-session Outlook(02-09-2011):-"down moves possibilities have increased"

2- Mid-session Outlook-2(02-09-2011):-"As selling also seen at higher levels therefore today trading range(5007-5065) break out will be next moves confirmation"

3- Mid-session Outlook-3(02-09-2011):-"Sustaing below 5007 will be signal of on going Pull Back rally termination risk"

4- Pre-Closing Outlook(02-09-2011):-"As good selling at higher levels today therefore on going Pull Back rally survival is at risk"

Nifty-Intra Day Chart(Aug 30 & Sep 02,2011):-

Just click on chart for its enlarged view

Last 2 sessions trading range is 4929-5064. Supports and resistances within this range are as follows;-

1- Strong supoport between 4929-4995
2- Supoport between 4995-5026
3- Resistances between 5037-5064

Red closing after gap down opening and whole day negative zone trading is very much possible today but Indian markets nicely consolidated between 4929-4995 on 30-08-2011 also therefore this range is strong support and must be firstly watched also today for the reply of following question:-

On going Pull Back rally is surviving or not?

Expected that Nifty will firstly trade and prepare for next moves between 4960-5026 after gap down opening today and:-

1- Crossing 5026 will up moves first strong indication.
2- Slipping below 4960 will be down moves first strong indication.

Let market preapare for next moves then conclusions will be drawn firstly from intraday charts formations and then break out of following ranges:-

1- First Indication- 4960-5026
2- Confirmation- 4929-5064