Technical Analysis & Market Outlook(30-05-2012)

Nifty-Intra Day Chart (29-May-2012):-

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Technical Patterns and Formations in today intraday charts

1- Support between 4983-4998
2- Selling between 5010-5020
3- Whole day trading between 4983-5020

Conclusions from intra day chart analysis 

Whole day trading within 37 Nifty points with lower levels supports and higher levels selling as well as  intraday volatility. Following Bullish developments on 28-05-2012:-

1- 13 sessions trading range break out with force above 4960.
2- Trend reversal Bullish Inverted Head & Shoulders pattern's neckline crossing also at 4960.

For detailed analysis with chart just click following link:-

Inverted Head & Shoulders Bullish Formations in Intraday charts

Although Indian markets lost all intraday gains and closed near the lows of the day today but lower levels supports not broken therefore Bullish hopes are still alive. 

Firstly sustaining beyond today trading range and finally sustaining above 4960/5020 will be strong Pull Back Rally confirmations and it is expected also in the coming sessions.

FII Trading Data in Derivatives Segment on 29-May-2012

FII & DII trading activity in Capital Market Segment on 29-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 29-May-2012 1539.21 1448.71 90.5

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-May-2012 727.89 927.29 -199.4

Indian Stock Markets Closing Reports(29-May-2012)

Main features of today trading are as follows

1- Benchmark Indices closed flat after slipping from higher levels.
2- Black Candle formations.
3- Some Indices closed flat to Green while MIDCAP,cG,HC,CD AND FMCG closed in Red.

Ratios

Nifty Put Call Ratio: 1.19
Nifty P/E Ratio(29-May-2012):16.90

Advances & Declines

BSE Advances : 1430
BSE Declines : 1274
NSE Advances :  726
NSE Declines :  671

Nifty Open Interest Changed Today

Nifty- 4900 CE(May)- -730100(-21.35%)
Nifty- 4900 PE(May)- +423700(+6.58%)

Nifty- 5000 CE(May)- -382500(-6.35%)
Nifty- 5000 PE(May)- +535050(+15.48%)

Nifty- 5100 CE(May)- +497200(+7.67%)
Nifty- 5100 PE(May)- -145600(-6.74%)

Closing 

Nifty- closed at 4,990.10(+4.45 Points & +0.09%)
Sensex- closed at 16,438.58(+21.74 Points & +0.13% )
CNX Midcap - closed at 6,996.20(-32.95 Points & -0.47%)
BSE SMLcap- closed at 6,384.37(+10.91 Points & +0.17%)

Nifty Spot-Levels & Trading Strategy for 30-05-2012

Nifty Spot-Levels

R3 5050
R2 5035
R1 5012
Avg 4997
S1 4974
S2 4959
S3 4936

Nifty Spot-Trading Strategy

H6 5028     Trgt 2
H5 5019     Trgt 1
H4 5010     Long breakout
H3 5000     Go Short
H2 4996
H1 4993
L1 4986
L2 4983
L3 4979     Long
L4 4969     Short Breakout
L5 4960     Trgt 1
L6 4951     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 30-05-2012

Nifty(May Fut)-Levels

R3 5050
R2 5030
R1 5005
Avg 4985
S1 4960
S2 4940
S3 4915

Nifty(May Fut)-Trading Strategy

H6 5025     Trgt 2
H5 5014     Trgt 1
H4 5004     Long breakout
H3 4992     Go Short
H2 4988
H1 4984
L1 4975
L2 4971
L3 4967     Long
L4 4955     Short Breakout
L5 4945     Trgt 1
L6 4934     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 30-05-2012

Bank Nifty(May Fut)-Levels

R3 9814
R2 9770
R1 9711
Avg 9667
S1 9608
S2 9564
S3 9505

Bank Nifty(May Fut)-Trading Strategy

H6 9756     Trgt 2
H5 9732     Trgt 1
H4 9709     Long breakout
H3 9681     Go Short
H2 9671
H1 9662
L1 9643
L2 9634
L3 9624     Long
L4 9596     Short Breakout
L5 9573     Trgt 1
L6 9549     Trgt 2

Pre-Closing Outlook(29-05-2012)

Although narrow range trading but intraday volatility also seen between 4983-5020 with good supports at lower levels but minor selling indications also seen at higher levels.

As mixed intraday formations therefore sustaining beyond today trading range will be next moves confirmations.

Mid-session Outlook(29-05-2012)

US Futures and Asian markets turned stronger but Indian markets are not responding and also has not shown strength today because Indian Rupee is .4250 down. As intra day patterns are showing consolidation formations with intraday higher bottom support therefore yesterday begun up moves continuation is expected.

Sideways market with narrow range moves within 4983-5007 after rupee fall news today and for precaution firstly watch sustaining it beyond also for next moves confirmations.

Inverted Head & Shoulders Bullish Formations in Intraday charts

Nifty-Micro Analysis of 14 Sessions Intra Day Chart(May 09 to May 28,2012)

Nifty-Intra Day Chart (May 09 to May 28,2012):-

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Conclusions from 14 Sessions intra day chart analysis 

Inverted Head & Shoulders Formations in Intraday charts and it is trend reversal Bullish formation. Its Neckline break out was seen above 4960 on 28-05-2012 and sustaining above it will mean strong Pull Back Rally in the coming sessions. 

FII Trading Data in Derivatives Segment on 28-May-2012

FII & DII trading activity in Capital Market Segment on 28-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 28-May-2012 1233.83 1124.95 108.88

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-May-2012 664.38 496.68 167.7

Indian Stock Markets Closing Reports(28-May-2012)

Main features of today trading are as follows

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

Ratios

Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(28-May-2012):16.90

Advances & Declines

BSE Advances : 1690
BSE Declines : 1050
NSE Advances :  951
NSE Declines :  478

Nifty Open Interest Changed Today


Nifty- 4800 CE(May)- -637700(-29.60%)
Nifty- 4800 PE(May)- -509700(-7.01%)

Nifty- 4900 CE(May)- -1282150(-27.27%)
Nifty- 4900 PE(May)- +1354350(+24.55%)

Nifty- 5000 CE(May)- -196800(-2.87%)
Nifty- 5000 PE(May)- +995050(+37.98%)

Nifty- 5100 CE(May)- +224850(+3.45%)
Nifty- 5100 PE(May)- -75650(-3.38%)

Closing 

Nifty- closed at 4,985.65(+65.25 Points & +1.33%)
Sensex- closed at 16,416.84(+199.02 Points & +1.23% )
CNX Midcap - closed at (+114.85 Points & +1.66%)
BSE SMLcap- closed at 6,373.46(+55.13 Points & +0.87%)

Nifty Spot-Levels & Trading Strategy for 29-05-2012

Nifty Spot-Levels

R3 5072
R2 5033
R1 5009
Avg 4970
S1 4946
S2 4907
S3 4883

Nifty Spot-Trading Strategy

H6 5048     Trgt 2
H5 5034     Trgt 1
H4 5019     Long breakout
H3 5002     Go Short
H2 4996
H1 4990
L1 4979
L2 4973
L3 4967     Long
L4 4950     Short Breakout
L5 4935     Trgt 1
L6 4921     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 29-05-2012

Nifty(May Fut)-Levels

R3 5061
R2 5024
R1 4999
Avg 4962
S1 4937
S2 4900
S3 4875

Nifty(May Fut)-Trading Strategy

H6 5037     Trgt 2
H5 5023     Trgt 1
H4 5009     Long breakout
H3 4992     Go Short
H2 4986
H1 4980
L1 4969
L2 4963
L3 4957     Long
L4 4940     Short Breakout
L5 4926     Trgt 1
L6 4912     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 29-05-2012

Bank Nifty(May Fut)-Levels

R3 9956
R2 9817
R1 9733
Avg 9594
S1 9510
S2 9371
S3 9287

Bank Nifty(May Fut)-Trading Strategy

H6 9877     Trgt 2
H5 9825     Trgt 1
H4 9772     Long breakout
H3 9711     Go Short
H2 9690
H1 9670
L1 9629
L2 9609
L3 9588     Long
L4 9527     Short Breakout
L5 9474    Trgt 1
L6 9422     Trgt 2

Pre-Closing Outlook(28-05-2012)

Following line was told in Mid-session Outlook-2(28-05-2012)

"slipped also fast to 4946 and got intraday support also"

Nifty made new intra day high after getting support and now more up moves can not be ruled out.

Mid-session Outlook-2(28-05-2012)

Although Nifty crossed most crucial and next trend deciding levels of 4960 but without force therefore caution message of confirmations through sustaining beyond was immediately updated in Mid-session Outlook today. Nifty moved up to 4971.10 but slipped also fast to 4946 and got intra day support also.

Bull Bear fight to win 4960 since opening today and will be better to get confirmations through:-

1- Firstly sustaining beyond 4960.
2- Finally sustaining beyond today trading range(4932-4971).

Mid-session Outlook(28-05-2012)

Nifty crossed 4960 but without force therefore sustaining it above confirmations are must for strong rally above 4960.

Post-open Outlook(28-05-2012)

US Futures are more than.57% up and most of the Asian markets are also trading in positive zone therefore sentiment good and  Indian markets are also more than .50% op after Green opening today morning.

Sustaining above 4960 will be next strong decisive up moves confirmations.

Big Moves and Trend developing in Last 11 Sessions

Technical Analysis,Research & Weekly Outlook

 (May 28 to Jun 01,2012)

Nifty-EOD Chart (25-May-2012):-

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Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 completion at 5629.95 on 22-02-2012.
2- 66 Sessions corrective Wave-2 continuation.
3- Long and Intermediate term trends are down and Short term is sideways between 4789-4960.
4- Breaking down of 200-Day SMA and corrective Falling Channel(Bullish Flag).
5- Last 11 sessions range bound trading between 4789-4960.

Conclusions from EOD chart analysis 

Bearish Indian markets after breaking down of all crucial levels and last 11 sessions range bound trading between 4789-4960. As Indian markets are sideways for the last 11 sessions therefore it is confirm that some big moves are being cooked within it.

Nifty-Micro Analysis of 11 Sessions Intra Day Chart

 (May 11to May 25,2012)

Nifty-Intra Day Chart (May 11to May 25,2012):-

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Technical Patterns and Formations in last 11 Sessions intraday charts

1- Strong supports between 4789-4860
2- Strong Resistances between 4910-4960
3- Mixed Patterns between 4890-4934 on 25-05-2012
4- Last 11 Sessions trading between 4789-4960

Conclusions from 11 Sessions intra day chart analysis 

Nifty sustained above 4789 amid most depressing national and internationl news flow and consolidated also between 4789-4860 therefore this range has developed as  strong support. As good selling was also seen between 4910-4960 in previous sessions therefore strong resistances are also visible at higher levels.

It is clear that Indian markets requires more follow up consolidations/distribution for break out and sustaining beyond last 11 Sessions trading range(4789-4960).

Nifty-Micro Analysis of Intra Day Chart For 28-05-2012

Nifty-Intra Day Chart (25-May-2012):-

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Technical Patterns and Formations in today intraday charts

1- Support between 4890-4909
2- Selling between 4920-4934
3- Whole day upmoves in Rising Channel(Bearish Pattern).
4- Whole day trading between with mixed patterns between 4890-4934

Conclusions from intra day chart analysis 

Although whole day upmoves but it should also be kept in mind that recovery from lower levels was on the back of following 3 positive news:-

1- More than 50 paisa recovery in Indian Rupee.
2- US Futures turned more than .40% up from negative zone.
3- All European markets were also in Green and some were more than 1% up.

As positive news flow led recovery therefore selling on the back of good news can not be ruled out.

Technically whole day upmoves in Rising Channel(Bearish Pattern) with lower levels intraday support and higher levels selling therefore final conclusion is mixed intraday patterns and requiring next moves confirmations through sustaining beyond intraday trading range(4890-4934).

Conclusions (After Putting All Studies Together)

As something big is being developed in last 11 sessions therefore Keys of next big moves and next Trends are hidden in last 11 sessions trading range(4789-4960), Nifty will firstly trade and prepare for next decisive moves within it in next week. As break out and sustaining it beyond will give next big moves confirmations therefore firstly follow up consolidations/distribution will be decided through intraday charts formations in next week and sustaining beyond (4789-4960) will give following conclusions:-

1- Sustaining above 4960 will mean strong Pull Back Rally.
2- Sustaining below 4789 will mean sharp down moves to test following supports:-


a- 4635-4663
b- 4602-4624
c- 4560-4590 

As strong supports have developed in last 11 days therefore expected that finally follow up consolidations will develop in next week and 11 days range will be broken out as well as strong Pull Back Rally will be seen above 4960.