Technical Analysis and Market Outlook(25-07-2012)

Nifty-Micro Analysis of Intra Day Chart For 
25-07-2012

Nifty-Intra Day Chart (24-Jul-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 5117-5139
2- Whole day trading between 5103-5144

Conclusions from intra day chart analysis 

Most of the time trading with mixed intraday patterns and closing between 5117-5139 with some volatility above and below this range yesterday. As no clear indication from intraday charts patterns was seen therefore following conclusive lines were told yesterday in Pre-Closing Outlook and being repeated today:-

Although Indian markets traded whole day in Green and also being cloed positive today but bearish views are still maintained which were expressed in following topic today:-

Huge Island Reversal Pattern & Correction

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

Main features of today trading are as follows

1- Green closing after whole day positive zone trading.
2- Doji candle formations.
3- Most of the time sideways trading.

Ratios

Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(24-Jul-2012): 16.86

Advances & Declines

BSE Advances : 1346
BSE Declines : 1434
NSE Advances :  675
NSE Declines :  746

Nifty Open Interest Changed Today

Nifty- 5000 CE(Jul)- -8100(-1.18%)
Nifty- 5000 PE(Jul)- -282950(-3.42%)

Nifty- 5100 CE(Jul)- +18350(+0.54%)
Nifty- 5100 PE(Jul)- +494550(+7.86%)

Nifty- 5200 CE(Jul)- +50550(+0.71%)
Nifty- 5200 PE(Jul)- +146100(+4.38%)

Closing 

Nifty- closed at 5,128.20(+10.25 Points & +0.20%)
Sensex- closed at 16,918.08(+40.73 Points & +0.24% )
CNX Midcap - closed at 7,262.85(+35.05 Points & +0.48%)
BSE SMLcap- closed at 6,608.00(+8.80 Points & +0.13%)

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

FII & DII trading activity in Capital Market Segment on 24-Jul-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-Jul-2012 1547.31 1800.22 -252.91

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Jul-2012 1091.62 1052.39 39.23

Nifty Spot-Levels & Trading Strategy for 25-07-2012

Nifty Spot-Levels

R3 5188
R2 5166
R1 5147
Avg 5125
S1 5106
S2 5084
S3 5065

Nifty Spot-Trading Strategy

H6 5169     Trgt 2
H5 5159     Trgt 1
H4 5150     Long breakout
H3 5139     Go Short
H2 5135
H1 5131
L1 5124
L2 5120
L3 5116     Long
L4 5105     Short Breakout
L5 5096     Trgt 1
L6 5086     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 25-07-2012

Nifty(Jul Fut)-Levels

R3 5200
R2 5176
R1 5155
Avg 5131
S1 5110
S2 5086
S3 5065

Nifty(Jul Fut)-Trading Strategy

H6 5180     Trgt 2
H5 5170     Trgt 1
H4 5159     Long breakout
H3 5147     Go Short
H2 5143
H1 5139
L1 5130
L2 5126
L3 5122     Long
L4 5110     Short Breakout
L5 5100    Trgt 1
L6 5089     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 25-07-2012

Bank Nifty(Jul Fut)-Levels

R3 10510
R2 10444
R1 10386
Avg 10320
S1 10262
S2 10196
S3 10138

Bank Nifty(Jul Fut)-Trading Strategy

H6 10452     Trgt 2
H5 10424     Trgt 1
H4 10396    Long breakout
H3 10362     Go Short
H2 10350
H1 10339
L1 10316
L2 10305
L3 10293     Long
L4 10259     Short Breakout
L5 10231     Trgt 1
L6 10203     Trgt 2

Pre-Closing Outlook(24-07-2012)

Almost first 4 hours trading with mixed intraday patterns between 5117-5139 and after that volataility as well as breaking down/breaking out of mentioned range as well as no clear pattern formations in intraday charts today.

It was next moves preparation day between 5117-5139 today and finally sustaining it beyond will be next decisive move confirmation therefore should be firstly watched in the coming sessions.

Although Indian markets traded whole day in Green and also being cloed positive today but bearish views are still maintained which were expressed in following topic today:-

Huge Island Reversal Pattern & Correction

Mid-session Outlook-2(24-07-2012)

As first 4 hours intraday charts did not showed any clear formation between 5117-5139 therefore again traded between first 4 hours range after forceful broken down.

Only volatility after first 4 hours range bound moves today and and now trading above first 4 hours trading range.

Today is a next moves preparation day and it is being seen. Finally sustaining beyond 5117-5139 will be next decisive move confirmation and should be firstly watched today and in the coming sessions.

Mid-session Outlook(24-07-2012)

Following line was told at 05:58:00 AM today:-

"market may be range bound today"

Nifty is range bound,quiet and preparing for next moves between 5117-5139 since opening today. Let market prepare then conclusions will be updated according to intraday patterns formations.

SMS Picture

Following Lines were told yesterday at 07:29:00 AM:-

Analysis of whole day genuine intraday selling patterns on 20-07-2012 has not been posted after watching weak Asian markets today but it was very well understood on 20-07-2012 and Put Option buying SMS were sent to our clients at 03:17:17 PM on 20-07-2012.  Its those live proofs will also be updated which no one can deny.

Picture of Put Option buying SMS which were sent to our clients at 03:17:17 PM on 20-07-2012:-

Just click on chart for its enlarged view

If unable to read  text in above picture then:-

1- Firstly click on above SMS picture and enlarge it.

2- Save picture on yours desktop.

3- Open and again enlarge the picture in Windows Picture Viewer.

Only 2 following information are deleted in above Picture due to official secrecy rules:-

1- Numbers of sent SMS.

2- SMS sending Website name.

Huge Island Reversal Pattern & Correction

Technical Analysis and Research For 24-07-2012

Nifty-EOD Chart (23-Jul-2012):-

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Technical Patterns and Formations in EOD charts

1- 578 Points Rally
2- 16 Sessions huge Island Formation

Conclusions from EOD chart analysis 

16 Sessions huge Island formation and 578 Points rally reversal confirmation after big Gap down opening on 23-07-2012. Corretion is very much on and may be deeper also because huge reversal pattern confirmation. Next Support ranges are as follows:-

1- 5085-5145(tested on 23-07-2012)
2- 4995-5070

As testing and slipping below above mentioned 2nd support(4995-5070) can not be ruled out therefore firstly following Fibonacci Retracement Levels should be watched;-

Fibonacci Retracement Levels of previous 578 Points Rally(4770-5348)

13.0%-5272(Tested)
23.6%-5211(Tested)
27.0%-5191(Tested)
38.2%-5127(Tested)
50.0%-5059
61.8%-4990
70.7%-4939
76.4%-4906
78.6%-4893
88.6%-4835

61.8% Retracement Level(4990) is most crucial because next support is just above.

As big down moves yesterday and Indian markets are trading between strong support ranges therefore market may be range bound today despite 4990 testing possibility in the coming sessions.

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

Main features of today trading are as follows

1- Red closing.
2- Long Black Candle formations.
3- Closing near the lowest levels of the dat

Ratios

Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(23-Jul-2012): 16.90

Advances & Declines

BSE Advances :  942
BSE Declines : 1846
NSE Advances :  340
NSE Declines : 1111

Closing

Nifty- closed at 5,117.95(-87.15 Points & -1.67%)
Sensex- closed at 16,877.35(-281.09 Points & -1.64% )
CNX Midcap - closed at 7,227.80(-123.10 Points & -1.67%)
BSE SMLcap- closed at 6,599.20(-76.15 Points & -1.14%)

Nifty Spot-Levels & Trading Strategy for 24-07-2012

Nifty Spot-Levels

R3 5207
R2 5185
R1 5151
Avg 5129
S1 5095
S2 5073
S3 5039

Nifty Spot-Trading Strategy

H6 5173     Trgt 2
H5 5160     Trgt 1
H4 5147     Long breakout
H3 5132     Go Short
H2 5127
H1 5122
L1 5111
L2 5106
L3 5101     Long
L4 5086     Short Breakout
L5 5073     Trgt 1
L6 5060     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 24-07-2012

Nifty(Jul Fut)-Levels

R3 5222
R2 5198
R1 5159
Avg 5135
S1 5096
S2 5072
S3 5033

Nifty(Jul Fut)-Trading Strategy

H6 5183     Trgt 2
H5 5168     Trgt 1
H4 5154     Long breakout
H3 5137     Go Short
H2 5131
H1 5125
L1 5114
L2 5108
L3 5102     Long
L4 5085     Short Breakout
L5 5071     Trgt 1
L6 5056     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 24-07-2012

Bank Nifty(Jul Fut)-Levels

R3 10555
R2 10496
R1 10401
Avg 10342
S1 10247
S2 10188
S3 10093

Bank Nifty(Jul Fut)-Trading Strategy

H6 10460     Trgt 2
H5 10425     Trgt 1
H4 10390     Long breakout
H3 10348     Go Short
H2 10334
H1 10320
L1 10291
L2 10277
L3 10263     Long
L4 10221     Short Breakout
L5 10186     Trgt 1
L6 10151     Trgt 2

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

FII & DII trading activity in Capital Market Segment on 23-Jul-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-Jul-2012 1530.54 1421.37 109.17

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Jul-2012 701.25 1055 -353.75

Pre-Closing Outlook(23-07-2012)

Down moves and its continuation with its technical reasons was projected in all the Outlooks today and whole day down moves were seen also during trading hours today. Following lines were told at 09:56:00 AM today:-

1- firstly trading between and little above next support range(5085-5145) will be seen in the coming sessions.
2- More down moves and trading between next supports range(5085-5145) expected in the coming sessions.

Our above projection proved 100% accurate and today intraday trading range is 5108.10-5164.20

Down moves continuation is expected after 15 sessions selling in July 2012.

Mid-session Outlook(23-07-2012)

As soon as intraday selling signals emerged then it was updated in Post-open Outlook within first 2 hours today and down moves also being seen according to projected down moves expectations. Nifty is trading between strong support range therefore down moves may be slow but finally down moves continuation is expected but intraday charts have turned oversold therefore down moves after intraday volatility can not be ruled out.

Post-open Outlook(23-07-2012)

Technical positions of last 1 Month is as follows:-

1- Resistances between 5200-5345
2- Supports between 5085-5145

No positions range is 5145-5200 and Nifty is trading between this range within 5151-5164 since opening today with intraday selling signals.

As intraday selling signals today therefore down moves from here is expected and Sustaining beyond this range will be next immediate moves. Strong resistances above 5200 therefore until complete consolidations will not happen till then up moves above will not be seen.