Bank Nifty(Jun Fut)-Levels & Trading Strategy for 01-06-2012

Bank Nifty(Jun Fut)-Levels

R3 9646
R2 9545
R1 9479
Avg 9378
S1 9312
S2 9211
S3 9145

Bank Nifty(Jun Fut)-Trading Strategy

H6 9582     Trgt 2
H5 9543     Trgt 1
H4 9504     Long breakout
H3 9458     Go Short
H2 9443
H1 9428
L1 9397
L2 9382
L3 9367     Long
L4 9321     Short Breakout
L5 9282     Trgt 1
L6 9243     Trgt 2

Pre-Closing Outlook(31-05-2012)

Sentiment was already depressed after big down in Global markets but it sparked after most depressing GDP data. Intra day supports at lower levels today and after that without force up moves were also seen because Dow Futures also moved up from -20 to +59 and all the European markets are trading with more than .60% gains.

Indian Rupee good recovery also triggered intraday up moves today therefore confirmations are also required through sustaining above 4960 for any decisive up moves.

GDP growth at 5.3% in FYQ4 and it is 9-yr low

As sentiment turned  nervous and most markets become sellers after such discouraging news therefore market did not moved down and minor up moves seen for short covering of news generated selling of general traders.

As last 2 sesions good selling at higher levels therefore market requires complete consilidations for any decisive up moves and let it happen then any up move will be considered.

Nifty is hovering around 4900 today and expiry is expected near about it.

Post-open Outlook-3(31-05-2012)

GDP announcement today and as per news channels GDP may be below 6% but let it declare first and volatility possibility should be kept in mind.  Finally settling direction of market will form next immediate trend.

Post-open Outlook-2(31-05-2012)

Intra day selling patterns at higher levels confirmations today.

Post-open Outlook(31-05-2012)

Following possibility was told yesterday in Pre-Closing Outlook

"expiry near 4900"

Nifty is hovering around 4900 since opening today and closing on Expiry will depend on following technical positions which are as follows:

Next minor supports:

1- 4890
2- 4856

Next Resistances:

1- 4960-4982

As intra day good selling abbove 4960 yesterday therefore expiry will not be above it but supports at lower levels are not much strong therefore follow up selling near 4900 will mean slipping and today closing possibility near above mentioned supports.

Let market prepare for next positions then will be updated according to intra day charts formations.

Technical Analysis & Market Outlook(31-05-2012)

Nifty-Micro Analysis of Intra Day Chart For 31-05-2012

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

Just click on chart for its enlarged view

Technical Analysis & Market Outlook(31-05-2012)

Technical Patterns and Formations in today intraday charts

1- Selling between 4960-4982
2- Whole day trading between 4945-4982

Conclusions from intra day chart analysis 

As intraday selling patterns above 4960 therefore expected that Nifty will slip below 4960 and retesting of following supports will be seen in the coming sessions:-

1- 4789-4860
2- 4635-4663
3- 4602-4624
4- 4560-4590

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

FII & DII trading activity in Capital Market Segment on 30-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 30-May-2012 2192.44 2203.18 -10.74

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-May-2012 558.13 740.74 -182.61

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

Main features of today trading are as follows

1- Gap down opening after depressing global cues.
2- Black Candle formation.
3- All the Benchmark Indices closed in Red.

Ratios

Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(30-May-2012):16.75

Advances & Declines

BSE Advances :  996
BSE Declines : 1721
NSE Advances :  396
NSE Declines : 1032

Nifty Open Interest Changed Today

Nifty- 4800 CE(May)- -93500(-9.50%)
Nifty- 4800 PE(May)- +145250(+1.89%)

Nifty- 4900 CE(May)- +267250(+9.94%)
Nifty- 4900 PE(May)- -342800(-5.00%)

Nifty- 5000 CE(May)- +648350(+11.49%)
Nifty- 5000 PE(May)- -923150(-23.13%)

Closing 

Nifty- closed at 4,950.75(-39.35 Points & -0.79%)
Sensex- closed at 16,312.15(-126.43 Points & -0.77% )
CNX Midcap - closed at 6,883.35(-112.85 Points & -1.61%)
BSE SMLcap- closed at 6,307.15(-77.22 Points & -1.21%)

Nifty Spot-Levels & Trading Strategy for 31-05-2012

Nifty Spot-Levels

R3 5011
R2 4996
R1 4973
Avg 4958
S1 4935
S2 4920
S3 4897

Nifty Spot-Trading Strategy

H6 4988     Trgt 2
H5 4979     Trgt 1
H4 4970     Long breakout
H3 4960     Go Short
H2 4956
H1 4953
L1 4946
L2 4943
L3 4939     Long
L4 4929     Short Breakout
L5 4920     Trgt 1
L6 4911     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 31-05-2012

Nifty(May Fut)-Levels

R3 4994
R2 4979
R1 4956
Avg 4941
S1 4918
S2 4903
S3 4880

Nifty(May Fut)-Trading Strategy

H6 4971     Trgt 2
H5 4962     Trgt 1
H4 4953     Long breakout
H3 4943     Go Short
H2 4939
H1 4936
L1 4929
L2 4926
L3 4922     Long
L4 4912     Short Breakout
L5 4903     Trgt 1
L6 4894     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 31-05-2012

Bank Nifty(May Fut)-Levels

R3 9727
R2 9663
R1 9566
Avg 9502
S1 9405
S2 9341
S3 9244

Bank Nifty(May Fut)-Trading Strategy

H6 9631     Trgt 2
H5 9595      Trgt 1
H4 9558     Long breakout
H3 9514     Go Short
H2 9499
H1 9484
L1 9455
L2 9440
L3 9425     Long
L4 9381     Short Breakout
L5 9344     Trgt 1
L6 9308     Trgt 2

Pre-Closing Outlook(30-05-2012)

As higher levels selling therefore finally slipping below 4960 and sustaining below tomorrow will mean more down moves and expiry near 4900.

Mid-session Outlook(30-05-2012)

Crashing Asian markets and weak Indian Rupee generated gap down and hovering around next trend confirmation levels of 4960 today morning. Firstly watch sustaining beyond 4960 for next  trend confirmations 

Pre-open Outlook(30-05-2012)

Although US markets closed with more than 1% gains yesterday but its all Futures are more than .40% down therefore sentiment turned weak today morning and all the Asian markets are trading in Red at this moment. Negative opening is expected in Indian markets and finally sustaining below 4960 will mean positive signals of 28-05-2012 as whipsaw(false signals) and in that situation retesting of following supports will be seen:-

1- 4789-4860
2- 4635-4663
3- 4602-4624
4- 4560-4590 

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

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

Just click on chart for its enlarged view

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