Mid-session Outlook(26-04-2012)

Quiet market on expiry day today because 7 hours selling between 5208-5236 in last 2 sessions and support between 5161-5195 on 25-04-2012 and both side moves are capped between 5161-5236.

As market is not prepared for any side decisive moves therefore sideways moves were expected for today and following lines were told in "Market at Most Crucial Support levels before Rally beginning"

Although Nifty recovered 50 points after lower levels support and Double Bottom formation on 25-04-2012 but not sufficient and complete consolidation with base formation is required for correction completion. As 7 hours selling between 5208-5236 in last 2 sessions and until Nifty will not sustain above 5236 till then any rally will not be considered.

3 Hours trading between 5185-5210 today and sustaining beyond this range will be 1st indication of next moves. As Selling patterns seen at higher levels today therefore down moves possibilities from here are turning high. Sustaining beyond 5161-5236 will be next trend strong confirmation.

Detailed analysis have already been updated in following topic.Just click following topic link and trade after understanding all crucial points and levels:-

Market at Most Crucial Support levels before Rally beginning

Market at Most Crucial Support levels before Rally beginning

Technical Analysis and Research For 26-04-2012

Nifty-Intra Day Chart (25-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- More than 7 hours selling between 5208-5236 in last 2 sessions.
2- Support between 5161-5195
3- Whole day trading between 5161-5236

Conclusions from Previous Topics

Although more than 50 points of Nifty fall was seen today just before 11:59 AM  on 13-04-2012  but we cautioned clearly before this fall and clearly told following lines:-

1- We told following line in "More Down moves possibility is still alive" at 12:18AM (mid night) on 25-04-2012:-

finally Nifty will not sustain above 5232 and more down moves possibility is still alive as well as slipping below 5200 is possible.

2- We told following line in "Post-open Outlook-2" at 11:18 AM on 25-04-2012 :-

Intraday selling patterns at higher levels today.

Lower Tops and Lower Bottoms Formation in EOD Chart:-

Following topic was posted on 13-04-2012. Just click following topic link and understand next moves possibility:-

Lower Tops and Lower Bottoms Formation In On Going Correction

Conclusion from above topic:-

As lower tops and lower bottoms formations in on going correction therefore new bottom B3 formations possibility below 5135.95 can not be ruled out in the coming sessions.

Next most crucial Supports:-

As correction is on therefore following 2 most crucial supports should also be kept in mind:-

1- Next support range 5136-5167(tested today)
2- Two times support at Long term Trend decider 200 Day SMA in on going correction and 200-Day SMA is today at 5132.

Importace of  Long term Trend decider 200 Day SMA:-

Importace of 200 Day SMA support has already been updated in following 2 topics. Just click following topic links and go through:-

1-  Posted on 15-04-2012- Last corrective Wave before Strong Bullish Rally 
2-  24-04-2012- Next Trend decider & Most Crucial 200-Day SMA 

Conclusion from above topics:-

Correction is 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 Long term Trend decider 200-Day SMA till then Bullish market possibility will remain alive.

Bullish 'Flag Pattern' Formations:-

Correction continuation with Bullish 'Flag Pattern' Formation in EOD Chart therefore expected that finally strong rally will be seen after correction completion and in this regard following topic was posted on 08-04-2012. Just click following topic link and go through:-

 Bullish 'Flag Pattern' Formation in EOD Chart

Conclusions (After Putting All Studies Together)

Let market completely consolidate and form base then up moves will be considered otherwise more down moves will be seen. As correction is very nuch on and no cofirmation of its completion yet therefore its continuation can not be ruled out at this moment.

Volatile session  on 25-04-2012  because lower levels supports seen after higher levels selling and firstly trading will be seen within the highs and lows of last 2 sessions(5161-5239).

Although Nifty recovered 50 points after lower levels support and Double Bottom formation  on 25-04-2012 but not sufficient and complete consolidation with base formation is required for correction completion. As 7 hours selling between 5208-5236 in last 2 sessions and until Nifty will not sustain above 5236 till then any rally will not be considered.

Up moves confirmation will be minimum after sustaining above 1st Resistance(5236) and high possibility of support getting at or near about following most crucial support levels 

1- 5136
2- 5132(200-Day SMA)

Expected that strong rally will begin  after getting support near about above levels and 2 months correction completion. 

FII Trading Data in Derivatives Segment on 25-Apr-2012

FII & DII trading activity in Capital Market Segment on 25-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 25-Apr-2012 2176.64 2517.48 -340.84

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 25-Apr-2012 911.18 870.48 40.7

Indian Stock Markets Closing Reports(25-Apr-2012)

Main features of today trading are as follows

1- Bullish Hammer Candle formation.
2- Benchmark Indices closed in Red.
3- Highly volatile market.

Ratios

Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(25-Apr-2012): 18.27

Advances & Declines

BSE Advances : 1060
BSE Declines : 1676
NSE Advances :  453
NSE Declines :  979

Nifty Open Interest Changed Today

Nifty- 5100 CE(Apr)- +283500(+52.96%)
Nifty- 5100 PE(Apr)- +269700(+4.18%)

Nifty- 5200 CE(Apr)- -119950(-2.97%)
Nifty- 5200 PE(Apr)- -1276400(-19.19%)

Nifty- 5300 CE(Apr)- +272700(+4.61%)
Nifty- 5300 PE(Apr)- -358800(-12.13%)

Closing 

Nifty- closed at 5,202.00(-20.65 Points & -0.40%)
Sensex- closed at 17,151.29(-56.00 Points & -0.33% )
CNX Midcap - closed at 7,430.25(-59.85 Points & -0.80%)
BSE Smallcap- closed at 6,753.87(-35.94 Points & -0.53%)

Nifty Spot-Levels & Trading Strategy for 26-04-2012

Nifty Spot-Levels

R3 5314
R2 5275
R1 5238
PIVOT 5199
S1 5162
S2 5123
S3 5086

Nifty Spot-Trading Strategy

H6 5278     Trgt 2
H5 5261     Trgt 1
H4 5243     Long breakout
H3 5222    Go Short
H2 5215
H1 5208
L1 5195
L2 5188
L3 5181    Long
L4 5160     Short Breakout
L5 5142     Trgt 1
L6 5125     Trgt 2

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

Nifty(Apr Fut)-Levels

R3 5319
R2 5277
R1 5237
PIVOT 5195
S1 5155
S2 5113
S3 5073

Nifty(Apr Fut)-Trading Strategy

H6 5280     Trgt 2
H5 5261     Trgt 1
H4 5243     Long breakout
H3 5220     Go Short
H2 5213
H1 5205
L1 5190
L2 5182
L3 5175     Long
L4 5152    Short Breakout
L5 5134     Trgt 1
L6 5115     Trgt 2

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