Nifty Spot-Levels & Trading Strategy for 18-05-2012

Nifty Spot-Levels

R3 4983
R2 4952
R1 4911
Avg 4880
S1 4839
S2 4808
S3 4767

Nifty Spot-Trading Strategy

H6 4942     Trgt 2
H5 4925     Trgt 1
H4 4909     Long breakout
H3 4889     Go Short
H2 4883
H1 4876
L1 4863
L2 4856
L3 4850     Long
L4 4830     Short Breakout
L5 4814     Trgt 1
L6 4797     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 18-05-2012

Nifty(May Fut)-Levels

R3 4979
R2 4945
R1 4898
Avg 4864
S1 4817
S2 4783
S3 4736

Nifty(May Fut)-Trading Strategy

H6 4933     Trgt 2
H5 4914     Trgt 1
H4 4896     Long breakout
H3 4874     Go Short
H2 4866
H1 4859
L1 4844
L2 4837
L3 4829     Long
L4 4807     Short Breakout
L5 4789     Trgt 1
L6 4770     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 18-05-2012

Bank Nifty(May Fut)-Levels

R3 9478
R2 9381
R1 9233
Avg 9136
S1 8988
S2 8891
S3 8743

Bank Nifty(May Fut)-Trading Strategy

H6 9331     Trgt 2
H5 9275     Trgt 1
H4 9219     Long breakout
H3 9152     Go Short
H2 9129
H1 9107
L1 9062
L2 9040
L3 9017     Long
L4 8950    Short Breakout
L5 8894     Trgt 1
L6 8838     Trgt 2

Pre-Closing Outlook(17-05-2012)

When Indian markets were trading near the highs of the day and selling started to develop then it was immediately updated with next moves confirmation levels in Mid-session Outlook and following lines were told:-

1- minor selling formations also seen at higher levels today..
2- next moves confirmations is through sustaining above 4895/4882.

Indian markets are in the hands of Bears and selling again seen at higher levels today as well as formations of new intraday lows also observed. Although whole day down moves in Falling Channel(Bullish pattern) but good selling at higher levels also therefore following levels will be firstly watched tomorrow for next moves confirmations:-

1- Sustaing above 4890 will be first upmove strong indication.
2- Sustaing above 4922 will be up moves confirmations.
3- Sustaining below 4838(yesterday lowest) will be deep down moves confirmation.

As Falling Channel(Bullish pattern) formation was seen above 4838 yesterday therefore sustaining below is must for more down moves confirmations.

Mid-session Outlook(17-05-2012)

That more than 1% up move and Pull Back rally is being seen today which was projected in both previous outlooks with the confirmation through sustaining above 4882.

Nifty is trading above 4882 since opening today but lot of consolidation is required for up moves because multiple resistances at higher levels and minor selling formations also seen at higher levels today..

Same view for next moves confirmations is through sustaining above 4895/4882.

4882 for deciding the fate of Pull Back rally

Nifty-Micro Analysis of Intra Day Chart For 17-05-2012

Nifty-Intra Day Chart (16-May-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves in Falling Channel.
2- Falling Channel upward Break out.
3- Last 2 hours volatility after Break out.
3- Whole day trading between 4838-4882

Conclusions from intra day chart analysis 

Intraday trading within 4838-4882 with Falling Channel formation and its upward break out was also seen. Falling channel and its upward break out are Bullish formations and sustaining above intraday high(4882) will be Pull Back rally confirmation.

As all trands are down therefore more consolidations are required for decisive up moves and follow up buying in the coming sessions will mean Pull Back rally after forceful break out or sustaining above 4882.

Firstly watch sustaining or closing beyond 4882 for next moves confirmations and it will decide the fate of Pull Back rally.

Indian Stock Markets Closing Reports(16-May-2012)

Main features of today trading are as follows

1- Red closing.
2- Whole day negative zone trading after gap down opening.
3- Benchmark Indives got intraday support at lower levels.

Ratios

Nifty Put Call Ratio:0.94
Nifty P/E Ratio(16-May-2012):16.74

Advances & Declines

BSE Advances :  920
BSE Declines : 1808
NSE Advances :  364
NSE Declines : 1055

Nifty Open Interest Changed Today

Nifty- 4700 CE(May)- +481950(+238.24%)
Nifty- 4700 PE(May)- +1098350(+22.14%)

Nifty- 4800 CE(May)- +1010450(+90.44%)
Nifty- 4800 PE(May)- -724900(-10.09%)

Nifty- 4900 CE(May)- +1706200(+57.14%)
Nifty- 4900 PE(May)- -721800(-10.40%)

Nifty- 5000 CE(May)- +690300(+13.96%)
Nifty- 5000 PE(May)- -869450(-18.18%)

Closing

Nifty- closed at 4,858.25(-84.55 Points & -1.71%)
Sensex- closed at 16,030.09(-298.16 Points & -1.83% )
CNX Midcap - closed at 6,902.05(-60.10 Points & -0.86%)
BSE Smallcap- closed at 6,264.95(-70.32 Points & -1.11%)

FII Trading Data in Derivatives Segment on 16-May-2012

FII & DII trading activity in Capital Market Segment on 16-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 16-May-2012 2239.47 2786.32 -546.85

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-May-2012 1415.78 1243.95 171.83

Nifty Spot-Levels & Trading Strategy for 17-05-2012

Nifty Spot-Levels

R3 4926
R2 4904
R1 4881
Avg 4859
S1 4836
S2 4814
S3 4791

Nifty Spot-Trading Strategy

H6 4903     Trgt 2
H5 4892     Trgt 1
H4 4882     Long breakout
H3 4870     Go Short
H2 4866
H1 4862
L1 4853
L2 4849
L3 4845     Long
L4 4833     Short Breakout
L5 4823     Trgt 1
L6 4812     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 17-05-2012

Nifty(May Fut)-Levels

R3 4931
R2 4904
R1 4880
Avg 4853
S1 4829
S2 4802
S3 4778

Nifty(May Fut)-Trading Strategy

H6 4907     Trgt 2
H5 4895     Trgt 1
H4 4884     Long breakout
H3 4870     Go Short
H2 4865
H1 4860
L1 4851
L2 4846
L3 4841     Long
L4 4827     Short Breakout
L5 4816     Trgt 1
L6 4804     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 17-05-2012

Bank Nifty(May Fut)-Levels

R3 9397
R2 9290
R1 9199
Avg 9092
S1 9001
S2 8894
S3 8803

Bank Nifty(May Fut)-Trading Strategy

H6 9308     Trgt 2
H5 9262     Trgt 1
H4 9216     Long breakout
H3 9162     Go Short
H2 9144
H1 9126
L1 9089
L2 9071
L3 9053     Long
L4 8999     Short Breakout
L5 8953     Trgt 1
L6 8907     Trgt 2

Mid-session Outlook(16-05-2012)

Nowadays complete manipulation through US futures. Yesterday Indian markets surged from intraday lower levels on the back of Dow'Futures more than 90 points up moves during Indian markets trading time but Dow Jones closed 63.35 down yesterday.

Indian markets complete reaction on Dow'Futures was updated yesterday in Pre-Closing Outlook(15-05-2012)  

Intraday selling was done yesterday through manipulated up moves in Us Futures and today gap down after most depressed global cues. All trends are down and all the patterns,strong supports and crucial levels have been broken down in on going correction.

Intraday trading within 4838-4881 with falling channel formation and its upward break out also seen today. Although falling channel and its upward break out is Bullish formations but sustaining above today trading range is must for Pull Back rally confirmations.

Pre-open Outlook(16-05-2012)

All the Asian markets are in down and Following Indices are in deep Red:-

1- HANG SENG INDEX- 508.40 (2.56%) Points down
2- Nikkei 225-  79.95 (0.90%) Points down
3- KOSPI Composite Index-  27.60 (1.45%) Points down
4- Singapur STI- 30.56 (1.06%) Points down
5- Taiwan Weighted-  63.12 (0.85%) Points down

Correction is on in Indian markets and after depressed sentiment negative zone trading will be seen weak opening.

Pre-Closing Outlook(15-05-2012)

Firstly intraday supports at lower levels and after that up moves to 4955 on the back of positive European markets and Dow'Futures more than 90 points up. As Dow'Futures slipped to +45 points and all the European markets moved down as well as traded flat therefore Nifty also moved down to 4919. Up moves repeation again in Dow'Futures and European markets therefore Indian markets also surged now.

Lower levels supports and today intraday patterns are showing consolidation formations therefore Pull Back rally possibility turning high now. As multiple resistances at higher level therefore consolidation is required at each step before any up move.

Sustaining above 5036 will be Pull Back Rally confirmation after lower levels supports and should be firstly watched.

Mid-session Outlook(15-05-2012)

Confirm intraday support at lower levels between 4896-4915 today but strong resistances at higher levels therefore consolidation is required before any up moves.

Sustaining above 5036 will be Pull Back Rally confirmation after lower levels supports and should be firstly watched.

Post-open Outlook(15-05-2012)

Crashing global markets reaction through weak opening but immediate recovery in first minute and trading near 4908. Intraday support seen below 4908 yesterday and hovering it around today despite depressing global markets.

Sustaining beyond 4908 should be firstly watched for next trend first signal.

Next moves generation through sustaining beyond 4908

Nifty-Micro Analysis of Intra Day Chart For 15-05-2012

Nifty-Intra Day Chart (14-May-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 4945-4955
2- Support between 4877-4900 in last 3 hours.
3- Falling Channel formations with its break out in last 3 hours.
3- Whole day trading between 4877-4955.

Conclusions from intra day chart analysis 

Following lines were told in "Bull-Bear Match Final confirmation through Most Crucial 4908-4938" on 12-May-2012:-

"Bull-Bear Match Final confirmation will be through Most Crucial 4908-4938.Sustaining below 4908 will be Bear markets confirmation and sustaining above 4938 will be survival of up moves expectations"

Today closing is at 4907.80 and Bear markets confirmation is left through sustaining below 4908. 

Although markets slipped after Inflation upward data in March 2012 but could not crash after Dow' Futures is more than 100 points down and most of the European markets are 2% or more down trading. On the other hand Nifty got support also in last more than 3 hours supports between 4877-4900 and Falling Channel formations with its break out in last 3 hours.

As most of the oscillators in EOD charts are oversold therefore Pull Back rally may be seen any day and its its possibility is alive today after last 2 sessions supports at lower levels. All the trends are down and continuation of correction therefore more down moves possibilities can not be ruled out and following levels should be watched for next moves confirmations:-

1- Sustaining beyond 4908 because last 2 sessions supports below and above it.
2- Sustaining below 4877 will be sharp declines confirmations.
3- Sustaining above 5036 will be Pull Back Rally confirmation.

Firstly sustaining beyond 4908 should be watched for next moves confirmations with keeping in mind above mentioned possibilities. 

FII & DII trading activity in Capital Market Segment on 14-May-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 14-May-2012 2080.58 1725.48 355.1

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-May-2012 850.14 995.19 -145.05

Indian Stock Markets Closing Reports(14-May-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.
2- Most Indices closed with minor gains or loss after intraday support at lower levels.
3- Black Candle formation.

Ratios

Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(14-May-2012): 16.95

Advances & Declines

BSE Advances : 1044
BSE Declines : 1668
NSE Advances :  433
NSE Declines :  990

Nifty Open Interest Changed Today

Nifty- 4800 CE(May)- +239150(+30.81%)
Nifty- 4800 PE(May)- +485900(+7.47%)

Nifty- 4900 CE(May)- +452600(+16.37%)
Nifty- 4900 PE(May)- +245200(+3.60%)

Nifty- 5000 CE(May)- +588750(+13.19%)
Nifty- 5000 PE(May)- -150000(-2.79%)

Nifty- 5100 CE(May)- +288300(+5.26%)
Nifty- 5100 PE(May)- +231850(+6.45%)

Closing 

Nifty- closed at 4,907.80(-21.10 Points & -0.43%)
Sensex- closed at 16,215.84(-77.14 Points & -0.47% )
CNX Midcap - closed at 6,922.65(-63.10 Points & -0.90%)
BSE Smallcap- closed at 6,314.57(-80.81 Points & -1.26%)

Nifty Spot-Levels & Trading Strategy for 15-05-2012

Nifty Spot-Levels

R3 5034
R2 4995
R1 4951
Avg 4912
S1 4868
S2 4829
S3 4785

Nifty Spot-Trading Strategy

H6 4990     Trgt 2
H5 4971     Trgt 1
H4 4952     Long breakout
H3 4929     Go Short
H2 4922
H1 4914
L1 4899
L2 4891
L3 4884     Long
L4 4861     Short Breakout
L5 4842     Trgt 1
L6 4823     Trgt 2