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Indian Stock Markets Closing Reports(07-Sep-2011)
Main features of today trading are as follows
1- White Candle.
2- All the Indices closed in Green except FMCG.
3- Up moves in Rising Channel.
Ratios
Nifty Put Call Ratio: 1.05
Nifty P/E Ratio(07-Sep-2011): 18.50
Advances & Declines
BSE ADVANCES : 1949
BSE DECLINES : 922
NSE ADVANCES : 1100
NSE DECLINES : 341
Nifty Open Interest Changed Today
Nifty- 5000 CE(Sep)- -410650(-7.23%)
Nifty- 5000 PE(Sep)- +880950(+14.77%)
Nifty- 5100 CE(Sep)- +311500(+6.77%)
Nifty- 5100 PE(Sep)- +919650(+42.36%)
Nifty- 5200 CE(Sep)- +135300(+2.44%)
Nifty- 5200 PE(Sep)- +274250(+27.44%)
Closing
Nifty- closed at 5,124.65(+60.35 Points & +1.19%)
Sensex- closed at 17,065.00(+202.19 Points & +1.20% )
CNX MIDCAP - closed at 7,508.00(+110.10 Points & +1.49%)
BSE SMALL CAP- closed at 7,307.02(+109.78 Points & +1.53%)
Pre-Closing Outlook(07-09-2011)
Following lines were told for today up moves which proved 100% accurate during trading hours today and slow up moves seen today:-
Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow up moves may be seen between this range.
Nifty-Intra Day Chart upto 02:48PM(07-Sep-2011):-
Slow up moves and Complete consolidation demand was told and same is clear from above intraday chart of Nifty. As complete consolidation not seen therefore market slipped .
Selling formation and small HNS formation seen at higher levels today but it is not sufficient for next moves confirmation. Market is not mature for any side sustained move today and tomorrow follow up Buying/Selling will give next moves indications and confirmations.
Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow up moves may be seen between this range.
Nifty-Intra Day Chart upto 02:48PM(07-Sep-2011):-
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| Just click on chart for its enlarged view |
Selling formation and small HNS formation seen at higher levels today but it is not sufficient for next moves confirmation. Market is not mature for any side sustained move today and tomorrow follow up Buying/Selling will give next moves indications and confirmations.
Mid-session Outlook(07-09-2011)
Continuation of Pull Back rally was told 11:27:00 PM yesterday also also following conclusive line was updated in Pre-open Outlook today:-
Finally continuation of rally and up moves are expected after initial consolidations.
As was told 100% same happened and Indian markets moved up after first hour consolidation
Bearish views were not updated even after Delhi blast and positive market was told in that grim situation also. Upmoves remained continued after blast new top of the rally formed also today.
.
Cotinuation of Pull Back rally expected after minor intraday corrections.
Pre-open Outlook(07-09-2011)
When Dow Jones was trading more than 200 points down yesterday then following bullish views were expressed in Nifty-Micro Analysis of Intra Day Chart For 07-09-2011:-
Indian markets out performed Global markets in last 3 sessions and continuation of rally also expected in the coming sessions
US markets sufficiently recovered from lower levels yesterday therefore sentiment improved and all the Asian markets are positive today morning. Positive zone trading will be seen after Green opening and continuation of rally expected but mixed intraday patterns seen between 5054-5072 yesterday therefore voltality may be seen in the beginning of trading and sustaining above 5072 will be next up moves confirmation.
Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow upmoves may be seen between this range. Crossing 5220 will mean worst is over and sharp upmoves will be seen above it.
Expected that Nifty will firstly trade between 5065-5110 and this range break out will be next moves confirmation. Finally continuation of rally and up moves are expected after initial consolidations.
Indian markets out performed Global markets in last 3 sessions and continuation of rally also expected in the coming sessions
US markets sufficiently recovered from lower levels yesterday therefore sentiment improved and all the Asian markets are positive today morning. Positive zone trading will be seen after Green opening and continuation of rally expected but mixed intraday patterns seen between 5054-5072 yesterday therefore voltality may be seen in the beginning of trading and sustaining above 5072 will be next up moves confirmation.
Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow upmoves may be seen between this range. Crossing 5220 will mean worst is over and sharp upmoves will be seen above it.
Expected that Nifty will firstly trade between 5065-5110 and this range break out will be next moves confirmation. Finally continuation of rally and up moves are expected after initial consolidations.
Nifty-Micro Analysis of Intra Day Chart For 07-09-2011
Nifty-Intra Day Chart(06-Sep-2011):-
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| Just click on chart for its enlarged view |
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 & DII trading activity in Capital Market Segment on 06-Sep-2011
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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.
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.
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
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):-
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.
Nifty-Intra Day Chart(05-Sep-2011):-
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| Just click on chart for its enlarged view |
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 & DII trading activity in Capital Market Segment on 05-Sep-2011
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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
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
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