ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 21-May-2012
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Nifty Spot-Levels & Trading Strategy for 22-05-2012
Nifty Spot-Levels
R3 4981
R2 4959
R1 4932.67
Avg 4910
S1 4883
S2 4861
S3 4834
Nifty Spot-Trading Strategy
H6 4955 Trgt 2
H5 4944 Trgt 1
H4 4932 Long breakout
H3 4919 Go Short
H2 4914
H1 4910
L1 4901
L2 4897
L3 4892 Long
L4 4879 Short Breakout
L5 4867 Trgt 1
L6 4856 Trgt 2
R3 4981
R2 4959
R1 4932.67
Avg 4910
S1 4883
S2 4861
S3 4834
Nifty Spot-Trading Strategy
H6 4955 Trgt 2
H5 4944 Trgt 1
H4 4932 Long breakout
H3 4919 Go Short
H2 4914
H1 4910
L1 4901
L2 4897
L3 4892 Long
L4 4879 Short Breakout
L5 4867 Trgt 1
L6 4856 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 22-05-2012
Nifty(May Fut)-Levels
R3 4971
R2 4951
R1 4922
Avg 4902
S1 4873
S2 4853
S3 4824
Nifty(May Fut)-Trading Strategy
H6 4942 Trgt 2
H5 4931 Trgt 1
H4 4919 Long breakout
H3 4906 Go Short
H2 4901
H1 4897
L1 4888
L2 4884
L3 4879 Long
L4 4866 Short Breakout
L5 4854 Trgt 1
L6 4843 Trgt 2
R3 4971
R2 4951
R1 4922
Avg 4902
S1 4873
S2 4853
S3 4824
Nifty(May Fut)-Trading Strategy
H6 4942 Trgt 2
H5 4931 Trgt 1
H4 4919 Long breakout
H3 4906 Go Short
H2 4901
H1 4897
L1 4888
L2 4884
L3 4879 Long
L4 4866 Short Breakout
L5 4854 Trgt 1
L6 4843 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 22-05-2012
Bank Nifty(May Fut)-Levels
R3 9560
R2 9487
R1 9412
Avg 9339
S1 9264
S2 9191
S3 9116
Bank Nifty(May Fut)-Trading Strategy
H6 9486 Trgt 2
H5 9452 Trgt 1
H4 9418 Long breakout
H3 9377 Go Short
H2 9364
H1 9350
L1 9323
L2 9309
L3 9296 Long
L4 9255 Short Breakout
L5 9221 Trgt 1
L6 9187 Trgt 2
R3 9560
R2 9487
R1 9412
Avg 9339
S1 9264
S2 9191
S3 9116
Bank Nifty(May Fut)-Trading Strategy
H6 9486 Trgt 2
H5 9452 Trgt 1
H4 9418 Long breakout
H3 9377 Go Short
H2 9364
H1 9350
L1 9323
L2 9309
L3 9296 Long
L4 9255 Short Breakout
L5 9221 Trgt 1
L6 9187 Trgt 2
Pre-Closing Outlook(21-05-2012)
Indian markets showed out performnace in first session but did not responded in the Mid Session after good recovery in US Futures and European markets. Dow's Futures is more than 75 points up and all the European markets have turned positive but Indian markets slipped from intra day highs.
Clear supports at lower levels but selling patterns also seen at higher levels therefore today trading range (4904-4936) break out should be firstly watched out for next short term confirmations.
Clear supports at lower levels but selling patterns also seen at higher levels therefore today trading range (4904-4936) break out should be firstly watched out for next short term confirmations.
Mid-session Outlook(21-05-2012)
Asian markets are mixed but All the European markets are in Red but Indian markets are again out performing today with trading .50% up. Last 3 hours trading betwen 4904-4924 with intraday mixed patterns. As Indian markets are sustaining in Green despite negative European markets thereofore it is a signal of strength.
Sustaining above 4924 will be continuation confirmation of last Friday begun up move.
Sustaining above 4924 will be continuation confirmation of last Friday begun up move.
Only Watch 4790-4907 Break out for Short Term / Intermediate Term Trend
Technical Analysis,Research & Weekly Outlook
(May 21 to May 25,2012)
Nifty-EOD Chart (18-May-2012):-
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| Just click on chart for its enlarged view |
1- Impulsive Wave-1 completion at 5629.95 on 22-02-2012.
2- Corrective Wave-2 continuation.
3- Breaking down confirmation after 9 sessions sustaining below Long Term Trend decider 200-Day SMA.
4- 61 Sessions correction in Falling Channel(Bullish Flag Formation)
5- Support at the bottom of Lower Falling Trend Line of Falling Channel on 18-05-2012
Conclusions from EOD chart analysis
All the trends are down and Indian markets are in the grip of Bears. Long Term Trend turning down confirmations through 9 sessions sustaing below 200-Day SMA during on going correction. Nifty got support at Lower Falling Trend Line of Falling Channel on 18-05-2012 anf fast recovery seen also.
4 Supports & 4 Resistances in Last 10 Days
Nifty-Intra Day Chart (May 07 to May 18,2012):-
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4 Supports of last 10 sessions are as follows:-
S1- 4790-4807
S2- Double Bottom support at 4852.
S3- 4840-4860
S4- 4877-4907
4 Resistances of last 10 sessions are as follows:-
R1-4904-4922
R2-4936-4953
R3-5003-5036
R4-5065-5125
Conclusions from 10 days intra day chart analysis
Strong recovery after gap down opening on 18-05-2012 as well as crossing all 3 previous supports because gap down opening was the result of Global markets crash. As market slipped after good selling therefore 4 resistances also developed in last 10 sessions.
Conclusions (After Putting All Studies Together)
All trends are down and Indian markets are in Bear phase and multiple resistances are at higher levels therefore complete consolidation is required for crossing and sustaining above resistances. Nifty has to face following resistances also after crossing above mentioned 4 resistances of on going 61 sessions correction:-
1- Resistance between 5190-5305
2- Resistance between 5318-5337
3- Resistance between 5357-5377
4- Resistance between 5418-5487
5- Resistance between 5588-5625
Fibonacci Retracement Levels of previous rally(4531-5629) are as follows:-
13.0%- 5486(Tested)
23.6%- 5369(Tested)
27.0%- 5332(Tested)
38.2%- 5209(Tested)
50.0%- 5080(Tested)
61.8%- 4950(Tested)
70.7%- 4852(Tested)
76.4%- 4790(Got support at 4788.95 on 18-05-2012)
78.6%- 4765
88.6%- 4656
76.4% Retracement completed on 18-05-2012 and after that sharp up move was also seen because Nifty got support also at Lower Falling Trend Line of Falling Channel on 18-05-2012. Nifty got support between 4790-4907 in last 5 sessions therefore expected that Nifty will firstly trade between this range in the beginning of next week and sustaining above this range(4907) is must for any decisive up move. As all the trends are down therefore until Nifty will not sustain above 200-Day SMA till then only Pull Back rally will be considered. Breaking down below 4790 will be confirmations of fast down moves to test following supports;-
1- 4635-4663
2- 4602-4624
3- 4560-4590
As last 5 sessions support range(4790-4907) is most crucial for deciding next short term/Intermediate term trend therefore firstly watch its break out for above mentioned next moves confirmations.
Indian Stock Markets Closing Reports(18-May-2012)
Main features of today trading are as follows
1- Benchmark Indices closed in Green.
2- Long White candle formation.
3- Strong recovery from lower levels after after gap down opening.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(18-May-2012): 16.85
Advances & Declines
BSE Advances : 1187
BSE Declines : 1536
NSE Advances : 603
NSE Declines : 819
Nifty Open Interest Changed Today
Nifty- 4700 CE(May)- +253650(+37.79%)
Nifty- 4700 PE(May)- +614800(+9.60%)
Nifty- 4800 CE(May)- +229550(+9.00%)
Nifty- 4800 PE(May)- +503200(+7.79%)
Nifty- 4900 CE(May)- -141500(-2.93%)
Nifty- 4900 PE(May)- -125200(-2.15%)
Nifty- 5000 CE(May)- +190250(+3.37%)
Nifty- 5000 PE(May)- +23400(0.65%)
Nifty- 5100 CE(May)- +515250(+7.94%)
Nifty- 5100 PE(May)- +-135100(-4.70%)
Closing
Nifty- closed at 4,891.45(+21.25 Points & +0.44%)
Sensex- closed at 16,152.75(+82.27 Points & +0.51% )
CNX Midcap - closed at 6,867.30(-19.25 Points & -0.28%)
BSE Smallcap- closed at 6,255.42(-14.94 Points & -0.24%)
1- Benchmark Indices closed in Green.
2- Long White candle formation.
3- Strong recovery from lower levels after after gap down opening.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(18-May-2012): 16.85
Advances & Declines
BSE Advances : 1187
BSE Declines : 1536
NSE Advances : 603
NSE Declines : 819
Nifty Open Interest Changed Today
Nifty- 4700 CE(May)- +253650(+37.79%)
Nifty- 4700 PE(May)- +614800(+9.60%)
Nifty- 4800 CE(May)- +229550(+9.00%)
Nifty- 4800 PE(May)- +503200(+7.79%)
Nifty- 4900 CE(May)- -141500(-2.93%)
Nifty- 4900 PE(May)- -125200(-2.15%)
Nifty- 5000 CE(May)- +190250(+3.37%)
Nifty- 5000 PE(May)- +23400(0.65%)
Nifty- 5100 CE(May)- +515250(+7.94%)
Nifty- 5100 PE(May)- +-135100(-4.70%)
Closing
Nifty- closed at 4,891.45(+21.25 Points & +0.44%)
Sensex- closed at 16,152.75(+82.27 Points & +0.51% )
CNX Midcap - closed at 6,867.30(-19.25 Points & -0.28%)
BSE Smallcap- closed at 6,255.42(-14.94 Points & -0.24%)
FII & DII trading activity in Capital Market Segment on 18-May-2012
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Nifty Spot-Levels & Trading Strategy for 21-05-2012
Nifty Spot-Levels
R3 5056
R2 4982
R1 4936
Avg 4862
S1 4816
S2 4742
S3 4696
Nifty Spot-Trading Strategy
H6 5013 Trgt 2
H5 4985 Trgt 1
H4 4957 Long breakout
H3 4924 Go Short
H2 4913
H1 4902
L1 4880
L2 4869
L3 4858 Long
L4 4825 Short Breakout
L5 4796 Trgt 1
L6 4768 Trgt 2
R3 5056
R2 4982
R1 4936
Avg 4862
S1 4816
S2 4742
S3 4696
Nifty Spot-Trading Strategy
H6 5013 Trgt 2
H5 4985 Trgt 1
H4 4957 Long breakout
H3 4924 Go Short
H2 4913
H1 4902
L1 4880
L2 4869
L3 4858 Long
L4 4825 Short Breakout
L5 4796 Trgt 1
L6 4768 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 21-05-2012
Nifty(May Fut)-Levels
R3 5079
R2 4992
R1 4940
Avg 4853
S1 4801
S2 4714
S3 4662
Nifty(May Fut)-Trading Strategy
H6 5030 Trgt 2
H5 4997 Trgt 1
H4 4964 Long breakout
H3 4926 Go Short
H2 4913
H1 4900
L1 4875
L2 4862
L3 4849 Long
L4 4811 Short Breakout
L5 4778 Trgt 1
L6 4745 Trgt 2
R3 5079
R2 4992
R1 4940
Avg 4853
S1 4801
S2 4714
S3 4662
Nifty(May Fut)-Trading Strategy
H6 5030 Trgt 2
H5 4997 Trgt 1
H4 4964 Long breakout
H3 4926 Go Short
H2 4913
H1 4900
L1 4875
L2 4862
L3 4849 Long
L4 4811 Short Breakout
L5 4778 Trgt 1
L6 4745 Trgt 2
Bank Nifty(May Fut)-Levels & Trading Strategy for 21-05-2012
Bank Nifty(May Fut)-Levels
R3 9802
R2 9560
R1 9408
Avg 9166
S1 9014
S2 8772
S3 8620
Bank Nifty(May Fut)-Trading Strategy
H6 9664 Trgt 2
H5 9568 Trgt 1
H4 9472 Long breakout
H3 9364 Go Short
H2 9328
H1 9292
L1 9219
L2 9183
L3 9147 Long
L4 9039 Short Breakout
L5 8943 Trgt 1
L6 8847 Trgt 2
R3 9802
R2 9560
R1 9408
Avg 9166
S1 9014
S2 8772
S3 8620
Bank Nifty(May Fut)-Trading Strategy
H6 9664 Trgt 2
H5 9568 Trgt 1
H4 9472 Long breakout
H3 9364 Go Short
H2 9328
H1 9292
L1 9219
L2 9183
L3 9147 Long
L4 9039 Short Breakout
L5 8943 Trgt 1
L6 8847 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(May 21 to May 25,2012)
Nifty Spot-Weekly Levels
R3 5138
R2 5047
R1 4969
Avg 4878
S1 4800
S2 4709
S3 4631
Nifty Spot-Weekly Trading Strategy
H6 5063 Trgt 2
H5 5023 Trgt 1
H4 4983 Long breakout
H3 4937 Go Short
H2 4921
H1 4906
L1 4875
L2 4860
L3 4844 Long
L4 4798 Short Breakout
L5 4758 Trgt 1
L6 4718 Trgt 2
R3 5138
R2 5047
R1 4969
Avg 4878
S1 4800
S2 4709
S3 4631
Nifty Spot-Weekly Trading Strategy
H6 5063 Trgt 2
H5 5023 Trgt 1
H4 4983 Long breakout
H3 4937 Go Short
H2 4921
H1 4906
L1 4875
L2 4860
L3 4844 Long
L4 4798 Short Breakout
L5 4758 Trgt 1
L6 4718 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(May 21 to May 25,2012)
Bank Nifty Spot-Weekly Levels
R3 10045
R2 9772
R1 9541
Avg 9268
S1 9037
S2 8764
S3 8533
Bank Nifty Spot-Weekly Trading Strategy
H6 9831 Trgt 2
H5 9709 Trgt 1
H4 9587 Long breakout
H3 9448 Go Short
H2 9402
H1 9356
L1 9263
L2 9217
L3 9171 Long
L4 9032 Short Breakout
L5 8910 Trgt 1
L6 8788 Trgt 2
R3 10045
R2 9772
R1 9541
Avg 9268
S1 9037
S2 8764
S3 8533
Bank Nifty Spot-Weekly Trading Strategy
H6 9831 Trgt 2
H5 9709 Trgt 1
H4 9587 Long breakout
H3 9448 Go Short
H2 9402
H1 9356
L1 9263
L2 9217
L3 9171 Long
L4 9032 Short Breakout
L5 8910 Trgt 1
L6 8788 Trgt 2
Pre-Closing Outlook(18-05-2012)
Today gap down and most time negative zone trading was the sentimental impact of Global crashing sentiment but Strong SBI results boosted market mood and market sparked because it showed the strength of Indian Banking Industry.
Nifty got Double Bottom support at 4852 yesterday and closing above it will be seen today. Indian markets are in the grip of Bears and require complete consolidation for decisive up moves.
Firstly sustaining above 4852 and then forceful crossing of next crucial resistances will give decisive up moves confirmations.
Nifty got Double Bottom support at 4852 yesterday and closing above it will be seen today. Indian markets are in the grip of Bears and require complete consolidation for decisive up moves.
Firstly sustaining above 4852 and then forceful crossing of next crucial resistances will give decisive up moves confirmations.
Mid-session Outlook(18-05-2012)
All the Global markets crashing but fireowrks in Indian markets after good results of SBI. While European Banks are in deep trouble but on the other hand Indian Banks are prospering.
SBI boosted sentiment and sharp surge in Indian markets. Today up moves are strong and sustaining above crucial resistances will give decisive up moves confirmations.
SBI boosted sentiment and sharp surge in Indian markets. Today up moves are strong and sustaining above crucial resistances will give decisive up moves confirmations.
Gap down amid Global markets crash
Nifty-Intra Day Chart (17-May-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 4904-4922
2- Down moves in Falling Channel.
3- Double Bottom support at the lowest level.
4- Whole day trading between 4852-4922.
When Indian markets were trading near the highs of the day and selling started to develop yesterday 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.
Firstly selling between 4904-4922 and after that down moves in Falling Channel(Bullish pattern) with intraday Double Bottom support at the lowest level of the day(4852) yesterday.
Although Double Bottom supports at lower levels were seen yesterday but most Asian markets are more than 2% down after 1.25% to 2% fall in all the US and European markets yesterday. Sentiment is highly depressed therefore negative zone trading and closing is expected after gap down opening today.
Following supports of previous rally are only hopes for Bulls:-
1- 4810-4825
2- 4635-4663
3- 4602-4624
4- 4560-4590
All trends are down and only Bounce Back or Pull Back Rally will be considered after support getting confirmations. Decisive up moves will be possible only after complete consolidations.
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| Just click on chart for its enlarged view |
1- Selling between 4904-4922
2- Down moves in Falling Channel.
3- Double Bottom support at the lowest level.
4- Whole day trading between 4852-4922.
Conclusions from intra day chart analysis
When Indian markets were trading near the highs of the day and selling started to develop yesterday 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.
Firstly selling between 4904-4922 and after that down moves in Falling Channel(Bullish pattern) with intraday Double Bottom support at the lowest level of the day(4852) yesterday.
Pre-open Outlook(18-05-2012)
Although Double Bottom supports at lower levels were seen yesterday but most Asian markets are more than 2% down after 1.25% to 2% fall in all the US and European markets yesterday. Sentiment is highly depressed therefore negative zone trading and closing is expected after gap down opening today.
Following supports of previous rally are only hopes for Bulls:-
1- 4810-4825
2- 4635-4663
3- 4602-4624
4- 4560-4590
All trends are down and only Bounce Back or Pull Back Rally will be considered after support getting confirmations. Decisive up moves will be possible only after complete consolidations.
FII & DII trading activity in Capital Market Segment on 17-May-2012
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