Bank Nifty(Apr Fut)-Levels & Trading Strategy for 26-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10515
R2 10396
R1 10281
PIVOT 10162
S1 10047
S2 9928
S3 9813

Bank Nifty(Apr Fut)-Trading Strategy

H6 10403     Trgt 2
H5 10349     Trgt 1
H4 10295     Long breakout
H3 10231     Go Short
H2 10209
H1 10188
L1 10145
L2 10124
L3 10102     Long
L4 10038     Short Breakout
L5  9984     Trgt 1
L6  9930    Trgt 2

Pre-Closing Outlook(25-04-2012)

Only down moves were projected in all the Outlooks of this week and it was seen also in this week. Sharp fall today after more than 7 hours selling between 5208-5236 in last 2 sessions. Until Nifty will not sustain above 5236 till then any rally will not be considered.

Volatile session today because lower levels supports seen after higher levels selling and next few hours trading will be within the highs and lows of today and yesterday(5161-5239).

Correction is on and no cobfirmation of its completion yet. Let market completely consolidate and form base then up moves will be considered otherwise more down moves because correction is very much on and its continuation can not be ruled out.

Accuracy of our predictions

Following line was told in More Down moves possibility is still alive at 12:18AM (mid night) today;-

US markets are trading with good gains after European markets strong closing therefore intraday volatility and some up moves may be seen but expected that finally Nifty will not sustain above 5232 and more down moves possibility is still alive as well as slipping below 5200 is possible.

When Nifty was trading above 5215 then following line was told in Post-open Outlook-2 today:-

Intraday selling patterns at higher levels today.

Post-open Outlook-2(25-04-2012)

Intraday selling patterns at higher levels today.

Post-open Outlook(25-04-2012)

Range bound quiet market and sustaining beyond 5180-5241 will be next moves confirmations.

More Down moves possibility is still alive

Nifty-Micro Analysis of Intra Day Chart For 25-04-2012

Nifty-Intra Day Chart (24-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- More rhan 4 hours trading between 5208-5232 with selling indications
2- Whole day trading between 5181-5232

Conclusions from intra day chart analysis

Although Indian markets closed positive and today Candle is also Bullish Hammer but more rhan 4 hours trading with intraday selling indications today therefore down moves possibility is alive for tomorrow.

US markets are trading with good gains after European markets strong closing therefore intraday volatility and some up moves may be seen but expected that finally Nifty will not sustain above 5232 and more down moves possibility is still alive as well as slipping below 5200 is possible.

FII Trading Data in Derivatives Segment on 24-Apr-2012

FII & DII trading activity in Capital Market Segment on 24-Apr-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 24-Apr-2012 2158.43 3019.21 -860.78

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Apr-2012 1462.54 1043.46 419.08

Indian Stock Markets Closing Reports(24-Apr-2012)

Main features of today trading are as follows

1- Benckmark Indices closed in Green while Midcap and Smallcap posted Red closing.
2- Bullish Hammer Candle Formation.
3- Quiet market excet good gains in IT stockd and Indices.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(24-Apr-2012): 18.34

Advances & Declines

BSE Advances : 1304
BSE Declines : 1438
NSE Advances :  638
NSE Declines :  780

Nifty Open Interest Changed Today

Nifty- 5100 CE(Apr)- -19200(-3.320%)
Nifty- 5100 PE(Apr)- -337000(-4.97%)

Nifty- 5200 CE(Apr)- +305800(+7.78%)
Nifty- 5200 PE(Apr)- +1267300(+19.59%)

Nifty- 5300 CE(Apr)- +168450(+2.93%)
Nifty- 5300 PE(Apr)- -182250(-5.58%)

Closing 

Nifty- closed at 5,222.65(+22.05 Points & +0.42%)
Sensex- closed at 17,207.29(+110.61 Points & +0.65% )
CNX Midcap - closed at 7,490.10(-19.00 Points & -0.25%)
BSE Smallcap- closed at 6,789.81(-4.75 Points & -0.07%)

Nifty Spot-Levels & Trading Strategy for 25-04-2012

Nifty Spot-Levels

R3 5294
R2 5263
R1 5242
PIVOT 5211
S1 5190
S2 5159
S3 5138

Nifty Spot-Trading Strategy

H6 5274     Trgt 2
H5 5262     Trgt 1
H4 5250     Long breakout
H3 5236     Go Short
H2 5231
H1 5226
L1 5217
L2 5212
L3 5207     Long
L4 5193     Short Breakout
L5 5181     Trgt 1
L6 5169     Trgt 2

Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2012

Nifty(Apr Fut)-Levels

R3 5298
R2 5268
R1 5246
PIVOT 5216
S1 5194
S2 5164
S3 5142

Nifty(Apr Fut)-Trading Strategy

H6 5276     Trgt 2
H5 5264     Trgt 1
H4 5252     Long breakout
H3 5238     Go Short
H2 5233
H1 5228
L1 5219
L2 5214
L3 5209     Long
L4 5195     Short Breakout
L5 5183     Trgt 1
L6 5171     Trgt 2

Bank Nifty(Apr Fut)-Levels & Trading Strategy for 25-04-2012

Bank Nifty(Apr Fut)-Levels

R3 10561
R2 10465
R1 10354
PIVOT 10258
S1 10147
S2 10051
S3 9940

Bank Nifty(Apr Fut)-Trading Strategy

H6 10451     Trgt 2
H5 10404     Trgt 1
H4 10356     Long breakout
H3 10299     Go Short
H2 10280
H1 10261
L1 10224
L2 10205
L3 10186    Long
L4 10129     Short Breakout
L5 10081     Trgt 1
L6 10034     Trgt 2

Mid-session Outlook(24-04-2012)

Following possibility was clearly told today in Pull Back Rally,Intraday Volatilty & Correction continuation

Intraday indicatiors are oversold after yesterday sharp fall therefore Pull Back rally and intraday volatility is possible today.

Above mentioned moves are being seen today but correction is on and market require complete consolidation for trend reversal and let it happen then decisive up move will be considered.

Post-open Outlook-2(24-04-2012)

Market is preparing for next moves within range bound sideways market today. Firstly slipping after higher levels selling but intraday support also seen at lower levels.

Sustaining beyond following range will be firstly watched for next moves first indication:-

5182-5212

Post-open Outlook(24-04-2012)

Intraday selling seen above 5200 today

Pull Back Rally,Intraday Volatilty & Correction continuation

Nifty-Intra Day Chart (23-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- More than 2 hours selling between 5288-5310
2- Continuous down moves 
3- More down moves after minor up moves.
4- Whole day trading between 5188-5310

Conclusions from intra day chart analysis 

All the Benchmark Indices closed more than 1.50% down on 23-04-2012 and proved our following following projections 100% accurate:-

1- We told in Pre-Closing Outlook on 20-04-2012:-

"more down moves are expected now."

2- We told in Correction continuation & Supports Testing in Next Week at 05:45:00 AM on 23-04-2012;-

"more down moves are expected in the coming sessions"
"more down moves as well as testing of above mentioned next supports are possible in the coming week"

(1st support at 5184 was given in above outlook and lowest was at 5187.15 on 23-04-2012)

3- We told in Mid-session Outlook on 23-04-2012:-

"more down moves can not be ruled out"

Correction is very much on from 22-02-2012 and its detailed analysis and next possibilities have already been updated yesterday with EOD chart. Yesterday mentioned 1st support(5184) has almost been tested yesterday. As 2nd Support(5136) testing possibility can not been ruled out also and 200-Day SMA is lying today at 5137 therefore importance of this level has already been updated in following topic today. Just click following topic link and understand understand most crucial levels;-

Next Trend decider & Most Crucial 200-Day SMA 

Intraday indicatiors are oversold after yesterday sharp fall therefore Pull Back rally and intraday volatility is possible today. Market require complete consolidations and base formations before the beginning of any decisive up move and rally,let it happen then fresh up moves after correction completion will be considered.

Strong resistances above 5288 and next supports are between 5136 and 5184. Expected that next trend story will be written between 5136-5288 and volatile market with next moves preparation within this range will be seen in the coming sessions.

Next Trend decider & Most Crucial 200-Day SMA

Technical Analysis and Research For 24-04-2012

Nifty-EOD Chart (23-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Corrective wave begun on 05-11-2010 from 6338.
2- Long term correction confirmation after 200-Day SMA broken down.
3- Three times resistance at 200-Day SMA in correction.
4- 5th impulsive wave begun on 20-12-2011 from 4532.
5- Long term correction completion confirmation after 200-Day SMA broken out.
6- 5th wave gained 1098.80 Nifty Points in 45 sessions.
7- Correction of 5th Wave beginning on 22-02-2012 from 5629.
8- Two times support at 200-Day SMA in on going correction.

Conclusions from EOD chart analysis 

200-Day SMA proved Long term Trend decider and posed resistance in Bear market as well gave supports in Bull markets. Correction is on and yesterday mentioned 1st support(5184) has almost been tested yesterday as well as 2nd support(5136) testing possibility can not been ruled out also. As Long term trend decider 200-Day SMA is also lying today at 5137 therefore following levels have become most crucial;-

1- 5136
2- 5137

As 200-Day SMA is most crucial now therefore specially this topic has been posted to update its importance. Correction is very much on and its testing as well as slipping below it also can not be ruled out in the coming sessions but until Nifty will not sustain below 200-Day SMA till then Bullish market possibility will remain alive after correction completion.

Expected that finally Indian markets will remain Bullish without sustaining below 200-Day SMA.

FII Trading Data in Derivatives Segment on 23-Apr-2012

FII & DII trading activity in Capital Market Segment on 23-Apr-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 23-Apr-2012 1351.7 1759.19 -407.49

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Apr-2012 1206.48 754.78 451.7

Indian Stock Markets Closing Reports(23-Apr-2012)

Main features of today trading are as follows

1- All the Indices closed in Red.
2- Black Candle.
3- Closing at the lowest of the day.

Ratios

Nifty Put Call Ratio: 1.11
Nifty P/E Ratio(23-Apr-2012): 18.26

Advances & Declines

BSE Advances :  964
BSE Declines : 1841
NSE Advances :  330
NSE Declines : 1116

Nifty Open Interest Changed Today

Nifty- 5000 CE(Apr)- -55900(-11.55%)
Nifty- 5000 PE(Apr)- +692950(+11.63%)

Nifty- 5100 CE(Apr)- +266400(+85.26%)
Nifty- 5100 PE(Apr)- +238700(+3.65%)

Nifty- 5200 CE(Apr)- +1619300(+70.08%)
Nifty- 5200 PE(Apr)- -490900(-7.05%)

Nifty- 5300 CE(Apr)- +1571300(+37.66%)
Nifty- 5300 PE(Apr)- -1003450(-23.49%)

Closing 

Nifty- closed at 5,200.60(-90.25 Points & -1.71%)
Sensex- closed at 17,096.68(-277.16 Points & -1.60% )
CNX Midcap - closed at 7,509.10(-117.30 Points & -1.54%)
BSE Smallcap- closed at 6,794.56(-106.02 Points & -1.54%)

Nifty Spot-Levels & Trading Strategy for 24-04-2012

Nifty Spot-Levels

R3 5400
R2 5355
R1 5277
Avg 5232
S1 5154
S2 5109
S3 5031

Nifty Spot-Trading Strategy

H6 5323     Trgt 2
H5 5295     Trgt 1
H4 5267     Long breakout
H3 5233    Go Short
H2 5222
H1 5211
L1 5188
L2 5177
L3 5166    Long
L4 5132    Short Breakout
L5 5104     Trgt 1
L6 5076    Trgt 2