Technical Analysis & Market Outlook(25-05-2012)

Nifty-Micro Analysis of 11 Sessions Intra Day Chart

 (May 10 to May 24,2012)

Nifty-Intra Day Chart (May 10 to May 24,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 11 Sessions intraday charts

1- Strong supports between 4789-4860
2- Strong Resistances between 4910-4960

Conclusions from 11 Sessions intra day chart analysis 

As Nifty survived between 4789-4860 amid most depressing national and internationl news flow therefore this range has developed as  good support. Although negative news of Petroleum price hike and no support from global markets but strong up moves were seen yesterday and Nifty countered next strong resistance range as well as closed within it.

Follow up consolidations/distribution will be decided from coming sessions intraday charts formations and sustaining beyond mentioned resistance range will give following conclusions:-

1- Sustaining above 4960 will mean strong Pull Back Rally.
2- Sustaining below 4910 will mean retesting of above mentioned supports.

Pre-open Outlook(25-05-2012)

No specific cue from Asian markets today morning after US markets flat closing yesterday therefore sentiment is quiet and firstly trading is expected between 4890-4960. As Nifty has to cross above mentioned strong resistances therefore therefore complete consolidations are required for crossing and sustaining above 4960.

Sustaining beyond 4890-4960 will decide the fate of yesterday begun up moves and should be firstly watched today because flood of news adverse flow from national and internationl avenues.
                         

Although following of above mentioned precautions are must but finally Pull Back Rally is expected after sustaining above 4960.

FII Trading Data in Derivatives Segment on 24-May-2012

FII & DII trading activity in Capital Market Segment on 24-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 24-May-2012 1633.59 1739.32 -105.73

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-May-2012 732.16 602.14 130.02

Indian Stock Markets Closing Reports(24-May-2012)

Main features of today trading are as follows

1- Long White Candle.
2- All the Indices closed in Green.
3- Benchmark Indices closed near the top of the day.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(24-May-2012): 16.69

Advances & Declines

BSE Advances : 1557
BSE Declines : 1135
NSE Advances :  888
NSE Declines :  512

Nifty Open Interest Changed Today

Nifty- 4700 CE(May)- -277850(-22.49%)
Nifty- 4700 PE(May)- +695100(+7.57%)

Nifty- 4800 CE(May)- -1140700(-27.91%)
Nifty- 4800 PE(May)- +1432700(+21.37%)

Nifty- 4900 CE(May)- -403950(-7.65%)
Nifty- 4900 PE(May)- +1873300(+38.28%)

Nifty- 5000 CE(May)- -264300(-3.71%)
Nifty- 5000 PE(May)- +6750(+0.22%)

Nifty- 5100 CE(May)- +210600(+3.12%)
Nifty- 5100 PE(May)- -23400(-0.92%)

Closing 

Nifty- closed at 4,921.40(+85.75 Points & +1.77%)
Sensex- closed at 16,222.30(+274.20 Points & +1.72% )
CNX Midcap - closed at 6,873.80(+51.95 Points & +0.76%)
BSE Smallcap- closed at 6,284.84(+46.61 Points & +0.75%)

Nifty Spot-Levels & Trading Strategy for 25-05-2012

Levels

R3 5059
R2 4995
R1 4958
Avg 4894
S1 4857
S2 4793
S3 4756

Nifty Spot-Trading Strategy

H6 5023     Trgt 2
H5 5000     Trgt 1
H4 4976     Long breakout
H3 4948     Go Short
H2 4939
H1 4930
L1 4911
L2 4902
L3 4893     Long
L4 4865     Short Breakout
L5 4841     Trgt 1
L6 4818     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 25-05-2012

Nifty(May Fut)-Levels

R3 5066
R2 4995
R1 4954
Avg 4883
S1 4842
S2 4771
S3 4730

Nifty(May Fut)-Trading Strategy

H6 5027     Trgt 2
H5 5000     Trgt 1
H4 4974     Long breakout
H3 4943     Go Short
H2 4933
H1 4923
L1 4902
L2 4892
L3 4882     Long
L4 4851     Short Breakout
L5 4825     Trgt 1
L6 4798     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 25-05-2012

Bank Nifty(May Fut)-Levels

R3 9774
R2 9597
R1 9490
Avg 9313
S1 9206
S2 9029
S3 8922

Bank Nifty(May Fut)-Trading Strategy

H6 9674     Trgt 2
H5 9606     Trgt 1
H4 9539     Long breakout
H3 9461     Go Short
H2 9435
H1 9409
L1 9356
L2 9330
L3 9304     Long
L4 9226     Short Breakout
L5 9159     Trgt 1
L6 9091    Trgt 2

Pre-Closing Outlook(24-05-2012)

Finally closing above 4890 after huge volatility and lower levels supports but strong resistances upto 4955. As markets survived above 4789 amid worst news flood therefore 4789-4860 has developed a strong support and until Nifty will not sustain below 4789 till thrn more down moves will not be considered.

As strong resistances upto 4955 therefore follow up consolidations and sustaining above 4955 will mean confirm Pull Back Rally.

Mid-session Outlook-2 (24-05-2012)

Intra day high formation at 4907.85 today but sustaining above 4890 should be firstly watched because it is the top of next 1st Resistance(4870-4890)

Market has seen worst between 4789-4890 in last 9 sessions and sustaining above 4890 will be strong indication of minimum a Pull Back Rally.

Nifty is hovering around 4890 for the last one hour and firstly watch sustaining it beyond for next trend confirmations. As selling markets remains highly volatile therefore this confirmation is must for any up move confirmations.

Mid-session Outlook (24-05-2012)

As positive zone trading in first hour despite series of negative news therefore indications of strength in Indian markets. As selling at higher levels and next resistances are between 4870-4890 and 4904-4955 therefore market require complete consolidation for sustaining above 4955.

As good supports at lower levels therefore up moves continuation is expected and sustaining above 4890/4955 will be strong rally confirmation.

Post-open Outlook(24-05-2012)

Positive zone trading in first hour despite negative news of Petroleum Price hike news but indian rupee declining process is continued and traded at new low @ 56.27/$. Indian markets also slipped and formed new intra day lows.

Selling signals at higher levels but Supports at lower levels yesterday therefore let market prepare for next short term moves then will be updated according to intra day charts formations.

Technical Analysis,Researches & Market Outlook(24-05-2012)

Nifty-Intra Day Chart (23-May-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4807-4825
2- Selling between 4838-4853
3- Whole day trading between 4807-4853

Conclusions from intra day chart analysis

Intraday patterns of today are showing lower levels supports and higher levels selling with Bullish Hammer Candle today therefore technically more preparation is required for sustaining beyond today trading range.

As huge down moves in previous sessions and Short term Indicators are oversold in all the Global markets therefore corrective Up moves may also be seen in Global markets and firstly Asian markets opening and trading(positive or negative) should be seen tomorrow morning despite whatsoever negative closing of US markets today.

Most depressing sentiment today after Crashing Indian Rupee and  Global markets as well as Petroleum rates hike also today therefore Weak opening will be seen tomorrow morning. Although all trends are down and Indian markets are in most Bearish phase but Indicators are oversold therefore Bounce Back,Minor Pull Back Rally and volatility may be seen after weak opening tomorrow.

Indian markets are in deep Bearish mode and decisive up moves will be seen only after completion consolidations and suatining above crucial resistances. Ler it happen then rally will be considered otherwise only intraday up moves will be seen accoring to markets sentiments,Global cues and  intraday news flow.

FII Trading Data in Derivatives Segment on 23-May-2012

Indian Stock Markets Closing Reports(23-May-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.
2- Bullish Hammer Candle formation.
3- Whole day negative zone range bound trading.

Ratios

Nifty Put Call Ratio:1.02
Nifty P/E Ratio(23-May-2012):16.38

Advances & Declines

BSE Advances : 1049
BSE Declines : 1690
NSE Advances :  481
NSE Declines :  923

Nifty Open Interest Changed Today

Nifty- 4700 CE(May)- +380800(+44.56%)
Nifty- 4700 PE(May)- +1787150(+23.24%)

Nifty- 4800 CE(May)- +977950(+31.45%)
Nifty- 4800 PE(May)- +480150(+7.13%)

Nifty- 4900 CE(May)- -126550(-2.34%)
Nifty- 4900 PE(May)- -646650(-11.67%)

Nifty- 5000 CE(May)- +85050(+1.19%)
Nifty- 5000 PE(May)- -480550(-13.30%)

Nifty- 5100 CE(May)- +65400(0.98%)
Nifty- 5100 PE(May)- -32950(-1.28%)

Closing 

Nifty- closed at 4,835.65(-24.85 Points & -0.51%)
Sensex- closed at 15,948.10(-78.31 Points & -0.49% )
CNX Midcap - closed at 6,821.85(-35.50 Points & -0.52%)
BSE Smallcap- closed at 6,238.23(-36.46 Points & -0.58%)

FII & DII trading activity in Capital Market Segment on 23-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 23-May-2012 1534.16 1895.23 361.07

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-May-2012 780.79 612.3 168.49

Nifty Spot-Levels & Trading Strategy for 24-05-2012

Nifty Spot-Levels

R3 4907
R2 4880
R1 4857
Avg 4830
S1 4807
S2 4780
S3 4757

Nifty Spot-Trading Strategy

H6 4885     Trgt 2
H5 4873     Trgt 1
H4 4862     Long breakout
H3 4848     Go Short
H2 4844
H1 4839
L1 4830
L2 4825
L3 4821     Long
L4 4807     Short Breakout
L5 4796     Trgt 1
L6 4784     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 24-05-2012

Nifty(May Fut)-Levels

R3 4896
R2 4867
R1 4840
Avg 4811
S1 4784
S2 4755
S3 4728

Nifty(May Fut)-Trading Strategy

H6 4870     Trgt 2
H5 4857     Trgt 1
H4 4844     Long breakout
H3 4829     Go Short
H2 4824
H1 4819
L1 4808
L2 4803
L3 4798     Long
L4 4783     Short Breakout
L5 4770     Trgt 1
L6 4757     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 24-05-2012

Bank Nifty(May Fut)-Levels

R3 9361
R2 9291
R1 9212
Avg 9142
S1 9063
S2 8993
S3 8914

Bank Nifty(May Fut)-Trading Strategy

H6 9284     Trgt 2
H5 9249     Trgt 1
H4 9215     Long breakout
H3 9174     Go Short
H2 9161
H1 9147
L1 9120
L2 9106
L3 9093     Long
L4 9052     Short Breakout
L5 9018     Trgt 1
L6 8983     Trgt 2

Pre-Closing Outlook(23-05-2012)

When Nifty was trading the intraday highs of today then following line was told in Mid-session Outlook-2 today:-

Let market sustain above any crucial Resistance then decisive up moves will be considered otherwise only volatility

Nifty lost almost all intraday gains and again traded near about today lows and proved intraday volatilite markets for today.

Intraday support little above yoday lows seen  today and it is higher bottom formation also. In this manner both intraday support and intraday selling within 4807-4853 today therefore break out and sustaining beyond today trading range will be next moves confirmations and should be firstly watched now.

Mid-session Outlook-2(23-05-2012)

Following line was told at 11:42:00 AM  in Mid-session Outlook today:-

bounce back possibility may be seen.

Sharp surge and Nifty 45 Points fast moved up from 4807 to 4852 seen today. 

Intraday support also seen at lower levels today and intraday volatility possibility should also be kept in mind. Let market sustain above any crucial Resistance then decisive up moves will be considered otherewise only volatility.

Mid-session Outlook(23-05-2012)

Down moves continuation after higher levels intraday selling but sentiment is extremely and indicators are oversold therefore intraday volatility and and bounce back possibility may be seen.