Bank Nifty(May Fut)-Levels & Trading Strategy for 03-05-2012

Bank Nifty(May Fut)-Levels

R3 10482
R2 10428
R1 10349
Avg 10295
S1 10216
S2 10162
S3 10083

Bank Nifty(May Fut)-Trading Strategy

H6 10403     Trgt 2
H5 10373     Trgt 1
H4 10343     Long breakout
H3 10306     Go Short
H2 10294
H1 10282
L1 10257
L2 10245
L3 10233     Long
L4 10196     Short Breakout
L5 10166     Trgt 1
L6 10136     Trgt 2

Pre-Closing Outlook(02-05-2012)

Although Global cues were strong but only Pull Back Rally was projected today and it was seen also and higher levels selling was also updated in both previous outlooks. Indian markets are in Red after gap up opening today, next support is at 5222 and sustaining below it will mean sharp fall.

Mid-session Outlook-2(02-05-2012)

Selling at higher levels between 5267-5279 and until Nifty will not sustain above 5305(Next resistance top) till then next up move will not be considered.

As intraday patterns are mixed because intraday support also seen at lower levels today therefore next support(5222) should be watched and slipping below 5222 will mean decisive down moves.

Mid-session Outlook(02-05-2012)

Most Asian markets are strong and some are 1%/2% up today but Indian markets are under performing and trading about .33% up.

Next resistance is between 5275-5305 and intraday trading seen just below it within 5264-5279 today. As minor intraday selling patterns formations between 5272-5279 therefore slipping from higher levels but follow up selling is required for breaking down of today lows(5264).

Range bound quiet market today,let complete intraday patterns develop then next moves will be projected after confirmations.

Pull Back Rally on Cards

Nifty-Intra Day Chart (30-Apr-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5222-5262
2- Support between 5236-5245
3- Selling between 5253-5262
4- Whole day trading between5222-5262

Conclusions from intra day chart analysis 

Nifty traded more than 5 hours above 5236(resistance) with good support at lower levels and minor selling formations at higher levels. As good support seen above 5236 therefore expected that fresh Pull Back Rally will begin now to test next resistances near 5300.

FII Trading Data in Derivatives Segment on 30-Apr-2012

FII & DII trading activity in Capital Market Segment on 30-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 30-Apr-2012 2100.62 1621.09 479.53

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-Apr-2012 668.05 914.86 -246.81

Indian Stock Markets Closing Reports(30-Apr-2012)

Main features of today trading are as follows

1- Green closing.
2- White Candle.
3- Positive closing after volatile market.

Ratios

Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(30-Apr-2012): 18.12

Advances & Declines

BSE Advances : 1494
BSE Declines : 1271
NSE Advances :  830
NSE Declines :  609

Nifty Open Interest Changed Today

Nifty- 5100 CE(May)- +53600(+6.29%)
Nifty- 5100 PE(May)- +305600(+7.00%)

Nifty- 5200 CE(May)- -92700(-3.68%)
Nifty- 5200 PE(May)- +638150(+19.15%)

Nifty- 5300 CE(May)- +219850(+6.98%)
Nifty- 5300 PE(May)- +316000(+17.54%)

Nifty- 5400 CE(May)- +497350(+13.22%)
Nifty- 5400 PE(May)- -16700(-1.46%)

Closing 

Nifty- closed at 5,248.15(+39.15 Points & +0.75%)
Sensex- closed at 17,318.81(+131.47 Points & +0.76% )
CNX Midcap - closed at 7,471.05(+55.15 Points & +0.74%)
BSE Smallcap- closed at 6,764.62(+38.45 Points & +0.57%)

Nifty Spot-Levels & Trading Strategy for 02-05-2012

Nifty Spot-Levels

R3 5334
R2 5298
R1 5273
Avg 5237
S1 5212
S2 5176
S3 5151

Nifty Spot-Trading Strategy

H6 5309     Trgt 2
H5 5295     Trgt 1
H4 5281     Long breakout
H3 5264     Go Short
H2 5259
H1 5253
L1 5242
L2 5236
L3 5231     Long
L4 5214     Short Breakout
L5 5200     Trgt 1
L6 5186     Trgt 2

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

Nifty(May Fut)-Levels

R3 5356
R2 5322
R1 5294
Avg 5260
S1 5232
S2 5198
S3 5170

Nifty(May Fut)-Trading Strategy

H6 5329     Trgt 2
H5 5315     Trgt 1
H4 5301     Long breakout
H3 5284     Go Short
H2 5278
H1 5272
L1 5261
L2 5255
L3 5249     Long
L4 5232     Short Breakout
L5 5218     Trgt 1
L6 5204     Trgt 2

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.