Bank Nifty(May Fut)-Levels & Trading Strategy for 02-05-2012

Bank Nifty(May Fut)-Levels

R3 10486
R2 10423
R1 10346
Avg 10283
S1 10206
S2 10143
S3 10066

Bank Nifty(May Fut)-Trading Strategy

H6 10409     Trgt 2
H5 10377     Trgt 1
H4 10346     Long breakout
H3 10307     Go Short
H2 10294
H1 10281
L1 10256
L2 10243
L3 10230     Long
L4 10192     Short Breakout
L5 10160     Trgt 1
L6 10128     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Apr 30 to May 04,2012)

Nifty Spot-Weekly Levels

R3 5452
R2 5381
R1 5295
Avg 5224
S1 5138
S2 5067
S3 4981

Nifty Spot-Weekly Trading Strategy 

H6 5367     Trgt 2
H5 5331     Trgt 1
H4 5295     Long breakout
H3 5252     Go Short
H2 5237
H1 5223
L1 5194
L2 5180
L3 5165     Long
L4 5122     Short Breakout
L5 5086     Trgt 1
L6 5050     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Apr 30 to May 04,2012)

Bank Nifty Spot-Weekly Levels

R3 10971
R2 10746
R1 10479
Avg 10254
S1 9987
S2 9762
S3 9495

Bank Nifty Spot-Weekly Trading Strategy 

H6 10714     Trgt 2
H5 10598     Trgt 1
H4 10483     Long breakout
H3 10348     Go Short
H2 10303
H1 10258
L1 10167
L2 10122
L3 10077     Long
L4  9942    Short Breakout
L5  9827   Trgt 1
L6  9711    Trgt 2

Pre-closing Outlook(30-04-2012)

Nifty traded more than 5 hours above 5236 with intraday mixed patterns today therefore it will be better to get confirmations through sustaining beyond 5236. Importance of 5236 has already been updated in following topics on 28-04-2012:-

1- Rally above 5236 after more consolidations 
2- Market at Key Supports Range

Mid-session Outlook(30-04-2012)

Up moves were seen after first 2 hours consolidations but market could not sustain at higher levels and slipped. Although market could not sustain at higher levels but intraday patterns are not showing genuine selling and intraday patterns are showing buying patterns also therefore more confirmations are required.

Sustaining beyond 5236 should be firstly watched for next moves confirmations.

Post-open Outlook-2(30-04-2012)

As consolidations seen above 5236 therefore sustaining above and rally expected.

Post-open Outlook(30-04-2012)

Nifty is trading above 5236 today and for this move following was told in "Rally above 5236 after more consolidations" on 28-04-2012:-

As lower levels good supports seen therefore expected that finally strong rally above 5236 will be seen after some more consolidations in the coming session

As good selling was seen below 5236 in previous week therefore more consolidations are required for sustaining above it and Nifty is trading just above 5236 since opening today. Finally strong rally above 5236 has already been projected on 28-04-2012 and only last formality of sustaining above 5236 is left before the beginning of strong rally. 

Indian Marketss firstly Sideways Today

Pre-open Outlook(30-04-2012)

1- Recovery from lower levels was seen on 28-04-2012 but without volume therefore more consolidation is required for any decisive up moves.

Following 2 topics were updated on 28-04-2012,just click following topic links and understand Indian markets:-

1- Rally above 5236 after more consolidations 
2- Market at Key Supports Range

4 Days sideways narrow range trading within 81 points between 5155-5236 in previous week and that means big moves are being cooked between this range as well as blasting moves will be seen after its break out.As good selling at higher levels and strong supports seen at lower levels therefore Indian markets are not prepared for any side decisive break out and some more preparations are also required for any side decisive break out.

Firstly trading and preparation for next moves will be seen within 5155-5236 today. 

Indian Markets are at Key Supports Range

Technical Analysis and Research For 28-04-2012

Nifty-EOD Chart (27-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1  Key supports range developed between 5136-5190 in last 37 sessions.
2- Nifty tradeed 15 days within key supports range in last 37 sessions.
3- Three times up moves after getting support within key supports range in last 37 sessions.
4- Most Crucial Long Term Trend decider 200-Day SMA is just below this range at 5130

Conclusions from EOD chart analysis 

Correction is on and slipping below 5136 or 5130 can not be ruled out in ongoing correction but sustaining beyond key support range should be firstly watched for the confirmation of continuation/completion of on going correction.

Rally above 5236 after more consolidations

Nifty-Micro Analysis of 4 days Intra Day Chart

(Apr 24 to Apr 27,2012)

Nifty-Intra Day Chart (Apr 24 to Apr 27,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 4 days intraday charts

1- More rhan 4 hours selling between 5208-5232 on 24-04-2012.
2- More rhan 2 hours selling between 5215-5236 on 25-04-2012.
3- Support between 5161-5195 on 25-04-2012.
4- Whole day sideways trading with intraday consolidation patterns between 5180-5210 on 26-04-2012.
5- Lower levels intraday support after whole day mixed intraday patterns

Conclusions from 4 days intra day chart analysis 

4 Days sideways narrow range trading within 81 points between 5155-5236 means big moves are being cooked between this range and blasting moves will be seen after its break out.

Firstly selling at higher levels but lower levels supports and consolidations also seen in last 4 days therefore it is clear that market is not prepared for any side decisive break out and some more preparations are also required for any side decisive break out.

Market is not mature for any side decisive break out therefore market will firstly trade and prepare for next moves within 5155-5236. As lower levels good supports seen therefore expected that finally strong rally above 5236 will be seen after some more consolidations in the coming sessions.

Lower levels support after higher levels slipping

Nifty-Micro Analysis of Intra Day Chart For 28-04-2012

Nifty-Intra Day Chart (27-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly more than 2 hours trading above 5200 between 5206-5221 with mixed intraday pattern
2- Down moves in falling Channel
3-  Almost last 3 hours trading between 5155-5183 with mixed intraday patterns and lower levels support.
4- Whole day trading between 5155-5222.

Conclusions from intra day chart analysis 

Flat closing with Doji Candle formation and lower levels support also within whole day mixed patterns are suggesting immaturity for any side decisive moves therefore more preparations are required for setting of trend.

As lower levels support also seen after higher levels slipping therefore rally possibility is alive  after some more consolidations.

Indian Stock Markets Closing Reports(27-Apr-2012)

Main features of today trading are as follows

1- Flat closing.
2- Doji Candle Formation.
3- Lower levels support after slipping from higher levels.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(27-Apr-2012): 17.93

Advances & Declines

BSE Advances : 1211
BSE Declines : 1592
NSE Advances :  551
NSE Declines :  884

Nifty Open Interest Changed Today

Nifty- 5100 CE(May)- +70950(+9.28%)
Nifty- 5100 PE(May)- +482550(+12.71%)

Nifty- 5200 CE(May)- +410300(+19.48%)
Nifty- 5200 PE(May)- +206300(+6.27%)

Nifty- 5300 CE(May)- +593400(+22.60%)
Nifty- 5300 PE(May)- +180300(+11.33%)

Closing 

Nifty- closed at 5,190.60(+1.60 Points & +0.03%)
Sensex- closed at 17,134.25(+3.58 Points & +0.02% )
CNX Midcap - closed at 7,368.60(-20.65 Points & -0.28%)
BSE Smallcap- closed at 6,697.89(-28.48 Points & -0.42%)

FII & DII trading activity in Capital Market Segment on 27-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 27-Apr-2012 2078.31 2454.53 -376.22

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Apr-2012 967.17 824.61 142.56

Nifty Spot-Levels & Trading Strategy for 28-04-2012

Nifty Spot-Levels

R3 5293
R2 5258
R1 5224
Avg 5189
S1 5155
S2 5120
S3 5086

Nifty Spot-Trading Strategy

H6 5259     Trgt 2
H5 5243     Trgt 1
H4 5227     Long breakout
H3 5208     Go Short
H2 5202
H1 5196
L1 5183
L2 5177
L3 5171    Long
L4 5152     Short Breakout
L5 5136     Trgt 1
L6 5120     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 28-04-2012

Nifty(May Fut)-Levels

R3 5332
R2 5291
R1 5250
Avg 5209
S1 5168
S2 5127
S3 5086

Nifty(May Fut)-Trading Strategy

H6 5292     Trgt 2
H5 5273     Trgt 1
H4 5255     Long breakout
H3 5232     Go Short
H2 5225
H1 5217
L1 5202
L2 5194
L3 5187     Long
L4 5164     Short Breakout
L5 5146     Trgt 1
L6 5127    Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 28-04-2012

Bank Nifty(May Fut)-Levels

R3 10488
R2 10379
R1 10261
Avg 10152
S1 10034
S2 9925
S3 9807

Bank Nifty(May Fut)-Trading Strategy

H6 10372     Trgt 2
H5 10320     Trgt 1
H4 10267     Long breakout
H3 10205     Go Short
H2 10184
H1 10163
L1 10122
L2 10101
L3 10080    Long
L4 10018    Short Breakout
L5  9965   Trgt 1
L6  9913    Trgt 2

Pre-Closing Outlook(27-04-2012)

Firstly more than 2 hours trading above 5200 between 5206-5221 with mixed intraday patterns,then slipping from higher levels and almost 3 hours trading between 5155-5183 again with mixed intraday patterns but lower levels support signals seen in last 3 hours also.

As per our view consolidation process is going on just click following topic link and understand technicals points/crucial levels of Indian markets:-

"Rally expectations developed after Intraday consolidations today"

Although negative zone trading but up moves possibilities are alive because lower levels supports seen today

Mid-session Outlook(27-04-2012)

Market could not sustain at higher levels and slipped after weakening of US Futures(Dow's Futures is 60 points down) and weak opening of European markets(most are more than 1% down)

As intraday consolidation therefore up moves were expected for today and it was seen also. Following lines were told yesterday in "Rally expectations developed after Intraday consolidations today":-

1- Follow up buying and base formations after more consolidations are required in the coming sessions and sustaining above following resistances will be rally commencement confirmation.

1- 5208-5236
2- 5288-5310

2- Whole day consolidation patterns between 5180-5197 today and sustaining it beyond will be firstly watched tomorrow

3-more consolidation is also required now therefore slipping possibility below 5180 can not be ruled out during consolidation process and following most crucial supports should be kept in mind:-

1- 5136(Next botom). 
2- 5130(200-Day SMA of today)
3- 5080(50% retracement level of previous rally)

Above lines are being repeated from yesterday posted outlook for the purpose of cautioning and understanding of technicals points and crucial levels of Indian markets..

Accuracy of our Outlooks proved by Today Up Moves

Post-open Outlook(27-04-2012)

SENSEX 112 points up and NIFTY 34 points up within first 15 minutes today but such up moves were projected yesterday in all the last 3 Outlooks and following lines were told:-

Consolidations Up moves possibility for today was projected yesterday in following words:-

1- In "Pre-Closing Outlook(26-04-2012)" at 3:17:00 PM: yesterday-

Whole day trading between 8180-5210 with consolidation indications.Today intraday consolidation patterns may be first step toward rally beginning 

2- In "Indian Stock Markets Closing Reports(26-Apr-2012)" at 07:47:00 PM yesterday

Sideways trading with intraday consolidation patterns despite negative closing today.

3- In "Rally expectations developed after Intraday consolidations today" at 10:41:00 PM yesterday

1- intraday patterns are showing consolidation formations therefore correction completion process beginning will be considered now.

2- Whole day consolidation patterns between 5180-5197 today and sustaining it beyond will be firstly watched tomorrow with expectations of up moves and rally.

Positive trading after Green opening today and only sustaining above 5197 should be firstly watched today because follow up buying is must for correction completion.

Rally expectations developed after Intraday consolidations today

Nifty-Micro Analysis of Intra Day Chart For 27-04-2012

Nifty-Intra Day Chart (26-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5180-5197 
2- Whole day sideways trading with intraday consolidation patterns
3- Whole day trading between 5180-5210

Conclusions from intra day chart analysis 

Although market closed near the lower levels and Black Candle formation today but intraday patterns are showing consolidation formations therefore correction completion process beginning will be considered now. Follow up buying and base formations after more consolidations are required in the coming sessions and sustaining above following resistances will be rally commencement confirmation.

1- 5208-5236
2- 5288-5310

As more consolidation is also required now therefore slipping possibility below 5180 can not be ruled out during consolidation process and following most crucial supports should be kept in mind:-

1- 5136(Next botom). 
2- 5130(200-Day SMA of today)
3- 5080(50% retracement level of previous rally)

Let consolidation process complete or more Bullish indications emerge then up moves and rally will be strongly projected. Expected that finally Nifty will not sustain below 5130 and will not slip below 5080 

All possibilities have been discussed above but Whole day consolidation patterns between 5180-5197 today and sustaining it beyond will be firstly watched tomorrow with expectations of up moves and rally. 

FII Trading Data in Derivatives Segment on 26-Apr-2012