As Sentiment heated after blasting Global markets therefore lower levels supports after minor profit booking may be seen and firstly 5255-5285 should be watched for this purpose.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(06-08-2012)
Although up moves immediately after opening today but without required force therefore profit booking possibility will be also considered.
Rally is Very Much On
Technical Analysis,Research & Weekly Outlook
(Aug 06 to Aug 10,2012)
Nifty-EOD Chart (03-Aug-2012):-
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| Just click on chart for its enlarged view |
Conclusions from EOD chart analysis
Impulsive Wave-3 continuation after correction completion on 04-06-2012 in the form of Sub Wave-1 which completed at 5348.55 on 10-07-2012 and its correction begun in the form of Sub Wave-2.
Nifty moved below Long Trem Trend decider both 200-Day EMA and 200-Day SMA in correction and got support at 5032.40 on 26-07-2012 but its confirmation was required through sustaining above next immediate resistance between 5200-5250.
As Nifty traded most time between 5200-5250 with lower levels intraday consolidation patterns formations therefore we told many times for final sustaining above 5250 and its live proofs are available in all previous week Outlooks:-
When US and European markets were trading in deep Red then also we were not Bearish amd told following lines at 07:27:00 PM on 02-08-2012:-
Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still alive.
We always projected for rally continuation after sustaining above 5250 and it will be seen today after gap up opening above 5250 and finally sustaining it above. Expected that rally will remain continued above Sub Wave-1 top at 5348.55 in the coming week.
Indian Stock Markets Closing Reports(03-Aug-2012)
Main features of today trading are as follows
1- Red closing.
2- White Candle.
3- Closing near day's high after good support at lower levels.
Ratios
Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(03-Aug-2012): 17.03
Advances & Declines
BSE Advances : 1223
BSE Declines : 1568
NSE Advances : 576
NSE Declines : 852
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- 23,200(1.03%)
Nifty- 5000 PE(Aug)- 829,050(8.80%)
Nifty- 5100 CE(Aug)- -0000(0.16%)
Nifty- 5100 PE(Aug)- 358,050(5.81%)
Nifty- 5200 CE(Aug)- 6,700(-00.00%)
Nifty- 5200 PE(Aug)- 23,350(0.47%)
Nifty- 5300 CE(Aug)- -0000(-00.00%)
Nifty- 5300 PE(Aug)- 400,850(18.16%)
Nifty- 5400 CE(Aug)- 805,450(17.83%)
Nifty- 5400 PE(Aug)- 11,550(1.40%)
Closing
Nifty- closed at 5,215.70(-12.05 Points & -0.23%)
Sensex- closed at 17,197.93(-26.43 Points & -0.15% )
CNX Midcap - closed at 7,244.90(-11.00 Points & -0.15%)
BSE SMLcap- closed at 6,545.70(-5.09 Points & -0.08%)
1- Red closing.
2- White Candle.
3- Closing near day's high after good support at lower levels.
Ratios
Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(03-Aug-2012): 17.03
Advances & Declines
BSE Advances : 1223
BSE Declines : 1568
NSE Advances : 576
NSE Declines : 852
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- 23,200(1.03%)
Nifty- 5000 PE(Aug)- 829,050(8.80%)
Nifty- 5100 CE(Aug)- -0000(0.16%)
Nifty- 5100 PE(Aug)- 358,050(5.81%)
Nifty- 5200 CE(Aug)- 6,700(-00.00%)
Nifty- 5200 PE(Aug)- 23,350(0.47%)
Nifty- 5300 CE(Aug)- -0000(-00.00%)
Nifty- 5300 PE(Aug)- 400,850(18.16%)
Nifty- 5400 CE(Aug)- 805,450(17.83%)
Nifty- 5400 PE(Aug)- 11,550(1.40%)
Closing
Nifty- closed at 5,215.70(-12.05 Points & -0.23%)
Sensex- closed at 17,197.93(-26.43 Points & -0.15% )
CNX Midcap - closed at 7,244.90(-11.00 Points & -0.15%)
BSE SMLcap- closed at 6,545.70(-5.09 Points & -0.08%)
Nifty Spot-Levels & Trading Strategy for 06-08-2012
Nifty Spot-Levels
R3 5292
R2 5256
R1 5236
Avg 5200
S1 5180
S2 5144
S3 5124
Nifty Spot-Trading Strategy
H6 5272 Trgt 2
H5 5259 Trgt 1
H4 5246 Long breakout
H3 5231 Go Short
H2 5226
H1 5221
L1 5210
L2 5205
L3 5200 Long
L4 5185 Short Breakout
L5 5172 Trgt 1
L6 5159 Trgt 2
R3 5292
R2 5256
R1 5236
Avg 5200
S1 5180
S2 5144
S3 5124
Nifty Spot-Trading Strategy
H6 5272 Trgt 2
H5 5259 Trgt 1
H4 5246 Long breakout
H3 5231 Go Short
H2 5226
H1 5221
L1 5210
L2 5205
L3 5200 Long
L4 5185 Short Breakout
L5 5172 Trgt 1
L6 5159 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 06-08-2012
Nifty(Aug Fut)-Levels
R3 5437
R2 5341
R1 5291
Avg 5195
S1 5145
S2 5049
S3 4999
Nifty(Aug Fut)-Trading Strategy
H6 5391 Trgt 2
H5 5356 Trgt 1
H4 5321 Long breakout
H3 5281 Go Short
H2 5267
H1 5254
L1 5227
L2 5214
L3 5200 Long
L4 5160 Short Breakout
L5 5125 Trgt 1
L6 5090 Trgt 2
R3 5437
R2 5341
R1 5291
Avg 5195
S1 5145
S2 5049
S3 4999
Nifty(Aug Fut)-Trading Strategy
H6 5391 Trgt 2
H5 5356 Trgt 1
H4 5321 Long breakout
H3 5281 Go Short
H2 5267
H1 5254
L1 5227
L2 5214
L3 5200 Long
L4 5160 Short Breakout
L5 5125 Trgt 1
L6 5090 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 06-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10596
R2 10502
R1 10443
Avg 10349
S1 10290
S2 10196
S3 10137
Bank Nifty(Aug Fut)-Trading Strategy
H6 10538 Trgt 2
H5 10503 Trgt 1
H4 10468 Long breakout
H3 10426 Go Short
H2 10412
H1 10398
L1 10369
L2 10355
L3 10341 Long
L4 10299 Short Breakout
L5 10264 Trgt 1
L6 10229 Trgt 2
R3 10596
R2 10502
R1 10443
Avg 10349
S1 10290
S2 10196
S3 10137
Bank Nifty(Aug Fut)-Trading Strategy
H6 10538 Trgt 2
H5 10503 Trgt 1
H4 10468 Long breakout
H3 10426 Go Short
H2 10412
H1 10398
L1 10369
L2 10355
L3 10341 Long
L4 10299 Short Breakout
L5 10264 Trgt 1
L6 10229 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Aug 06 to Aug 10,2012)
Nifty Spot-Weekly Levels
R3 5380
R2 5313
R1 5264
Avg 5197
S1 5148
S2 5081
S3 5032
Nifty Spot-Weekly Trading Strategy
H6 5333 Trgt 2
H5 5306 Trgt 1
H4 5279 Long breakout
H3 5247 Go Short
H2 5237
H1 5226
L1 5205
L2 5194
L3 5184 Long
L4 5152 Short Breakout
L5 5125 Trgt 1
L6 5098 Trgt 2
R3 5380
R2 5313
R1 5264
Avg 5197
S1 5148
S2 5081
S3 5032
Nifty Spot-Weekly Trading Strategy
H6 5333 Trgt 2
H5 5306 Trgt 1
H4 5279 Long breakout
H3 5247 Go Short
H2 5237
H1 5226
L1 5205
L2 5194
L3 5184 Long
L4 5152 Short Breakout
L5 5125 Trgt 1
L6 5098 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Aug 06 to Aug 10,2012)
Bank Nifty Spot-Weekly Levels
R3 10711
R2 10589
R1 10452
Avg 10330
S1 10193
S2 10071
S3 9934
Bank Nifty Spot-Weekly Trading Strategy
H6 10576 Trgt 2
H5 10517 Trgt 1
H4 10457 Long breakout
H3 10386 Go Short
H2 10362
H1 10338
L1 10291
L2 10267
L3 10243 Long
L4 10172 Short Breakout
L5 10112 Trgt 1
L6 10053 Trgt 2
R3 10711
R2 10589
R1 10452
Avg 10330
S1 10193
S2 10071
S3 9934
Bank Nifty Spot-Weekly Trading Strategy
H6 10576 Trgt 2
H5 10517 Trgt 1
H4 10457 Long breakout
H3 10386 Go Short
H2 10362
H1 10338
L1 10291
L2 10267
L3 10243 Long
L4 10172 Short Breakout
L5 10112 Trgt 1
L6 10053 Trgt 2
FII & DII trading activity in Capital Market Segment on 03-Aug-2012
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Pre-Closing Outlook(03-08-2012)
We always try to post only realistic views and telling only for getting confirmations through forceful break out or sustaining beyond 5200-5250 and Nifty is closing between this range for the last 3 sessions. When US and European markets were trading in deep Red yesterday then also we told following lines at 07:27:00 PM yesterday:-
Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still alive. Finally forceful break out or sustaining beyond 5200-5250 will be next trend confirmation and should be firstly watched.
As Indian markets got good support at lower levels and today intraday charts are showing consolidation formations also therefore finally sustaining above 5250 possibility has increased today despite Red closing after whole day negative zone trading today.
Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still alive. Finally forceful break out or sustaining beyond 5200-5250 will be next trend confirmation and should be firstly watched.
As Indian markets got good support at lower levels and today intraday charts are showing consolidation formations also therefore finally sustaining above 5250 possibility has increased today despite Red closing after whole day negative zone trading today.
Mid-session Outlook-2(03-08-2012)
As Indian markets consolidated also at lower levels in last 2 sessions therefore we did not posted Bearish views despite ECB negative news led crashing Global markets today. We told only for getting confirmations through sustaining beyond 5200-5250 and Nifty did not sustained below 5200 and now trading at 5207 despite most depressing news.
As intraday supports today above Long Term Trend deciders 200-Day SMA(today at 5106) and 200-Day EMA(today at 5163) therefore Long Term Trend survival hopes are alive and final confirmation is expected in next week.
As intraday supports today above Long Term Trend deciders 200-Day SMA(today at 5106) and 200-Day EMA(today at 5163) therefore Long Term Trend survival hopes are alive and final confirmation is expected in next week.
Mid-session Outlook(03-08-2012)
Whole day negative zone trading after gap down opening but lower levels support also seen between 5165-5175 amid depressing global sentiments. As intraday supports today above Long Term Trend deciders 200-Day SMA(today at 5106) and 200-Day EMA(today at 5163) therefore Long Term Trend survival hopes are alive.
As both buying and selling seen between 5200-5250 in last 2 sessions therefore finally sustaining it beyond will be next trend confirmations. It will happen in next week and resultant big up or down moves will be seen according to Long Term Trend confirmation.
As both buying and selling seen between 5200-5250 in last 2 sessions therefore finally sustaining it beyond will be next trend confirmations. It will happen in next week and resultant big up or down moves will be seen according to Long Term Trend confirmation.
Global Stock Markets crash after European Central Bank president Mario Draghi's failure
Investors had hoped that Draghi would announce some form of new action after his promise last week that ECB would do "whatever it takes" to preserve the euro and all the Global stock markets showed good rally also after his positive announcement but investors were disappointed by European Central Bank president.
In absence of an explicit commitment, borrowing costs in Spain and Italy moved higher yesterday. Spain's 10-year yield rose back above 7%, while Italy's 10-year yield moved above 6%.
Indian markets Outlook after Mario Draghi's failure
Weak opening is confirm after dampned Global sentiments. As Nifty traded between 5210-5246 with both lower levels consolidations and higher levels selling therefore sustaining below 5210 should be firstly watched amid most depressed sentiments today morning. Today intraday moves will be the impact of weak sentiments also therefore firstly today intraday charts patterns formations should be watched because both following possibilities are alive:-
1- Fresh selling after disappointing sentiments or
2- Lower levels again consolidations after last 2 sessions.
Next Monday markets will be free from depressing mood and next trend final confirmation will be sustaining beyond 5200-5250.
Firstly watch next trend decider 5200-5250
Technical Analysis,Researches & Market Outlook
(03-08-2012)
Nifty-Intra Day Chart (Aug 01 & Aug 02,2012):-(03-08-2012)
 |
| Just click on chart for its enlarged view |
1- Consolidation between 5213-5226 on 01-08-2012
2- Selling between 5238-5246 on 01-08-2012
3- Consolidation between 5210-5224 on 02-08-2012
4- Two sessions trading between 5210-5246
Conclusions from 2 Sessions intra day chart analysis
Completely narrow range trading within 36 points and between most crucial resistance range(5200-5250) with both lower levels consolidations and higher levels selling. Although Nifty is trading above long term trend decider 200-Day SMA and 200-Day EMA for the last 4 sessions but sustaining above confirmation is required yet.
As both buying and selling patterns are seen in last 2 sessions therefore it will be understood that technically Indian markets are not prepared for any side decisive moves and if sentiment does not remain boiling then Nifty will firstly trade and prepare for next trend within mentioned resistance range(5200-5250).
Although US and European markets are in deep Red at this moment but lower levels intraday support seen today therefore sustaining above 5250 possibilities are still alive. Finally forceful break out or sustaining beyond 5200-5250 will be next trend confirmation and should be firstly watched.
Indian Stock Markets Closing Reports(02-Aug-2012)
Main features of today trading are as follows
1- SENSEX and NIFTY closed in Red with minor loss.
2- Midcap and SMLcap closed in Green.
3- Bullish Hammer Candle formation.
Ratios
Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(02-Aug-2012): 17.07
Advances & Declines
BSE Advances : 1495
BSE Declines : 1178
NSE Advances : 788
NSE Declines : 624
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -21,650(-1.2%)
Nifty- 5000 PE(Aug)- 954,600(11.27%)
Nifty- 5100 CE(Aug)- -154,800(-6.4%)
Nifty- 5100 PE(Aug)- 24,150(0.39%)
Nifty- 5200 CE(Aug)- 285,250(7.33%)
Nifty- 5200 PE(Aug)- 244,250(5.16%)
Nifty- 5300 CE(Aug)- 383,650(9.28%)
Nifty- 5300 PE(Aug)- -42,300(-1.88%)
Closing
Nifty- closed at 5,227.75(-12.75 Points & -0.24%)
Sensex- closed at 17,224.36(-33.02 Points & -0.19% )
CNX Midcap - closed at 7,255.90(24.80 Points & 0.34%)
BSE SMLcap- closed at 6,550.79(30.49 Points & 0.47%)
1- SENSEX and NIFTY closed in Red with minor loss.
2- Midcap and SMLcap closed in Green.
3- Bullish Hammer Candle formation.
Ratios
Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(02-Aug-2012): 17.07
Advances & Declines
BSE Advances : 1495
BSE Declines : 1178
NSE Advances : 788
NSE Declines : 624
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -21,650(-1.2%)
Nifty- 5000 PE(Aug)- 954,600(11.27%)
Nifty- 5100 CE(Aug)- -154,800(-6.4%)
Nifty- 5100 PE(Aug)- 24,150(0.39%)
Nifty- 5200 CE(Aug)- 285,250(7.33%)
Nifty- 5200 PE(Aug)- 244,250(5.16%)
Nifty- 5300 CE(Aug)- 383,650(9.28%)
Nifty- 5300 PE(Aug)- -42,300(-1.88%)
Closing
Nifty- closed at 5,227.75(-12.75 Points & -0.24%)
Sensex- closed at 17,224.36(-33.02 Points & -0.19% )
CNX Midcap - closed at 7,255.90(24.80 Points & 0.34%)
BSE SMLcap- closed at 6,550.79(30.49 Points & 0.47%)
Nifty Spot-Levels & Trading Strategy for 03-08-2012
Nifty Spot-Levels
R3 5266
R2 5251
R1 5239
Avg 5224
S1 5212
S2 5197
S3 5185
Nifty Spot-Trading Strategy
H6 5254 Trgt 2
H5 5247 Trgt 1
H4 5241 Long breakout
H3 5234 Go Short
H2 5231
H1 5229
L1 5224
L2 5222
L3 5219 Long
L4 5212 Short Breakout
L5 5206 Trgt 1
L6 5199 Trgt 2
R3 5266
R2 5251
R1 5239
Avg 5224
S1 5212
S2 5197
S3 5185
Nifty Spot-Trading Strategy
H6 5254 Trgt 2
H5 5247 Trgt 1
H4 5241 Long breakout
H3 5234 Go Short
H2 5231
H1 5229
L1 5224
L2 5222
L3 5219 Long
L4 5212 Short Breakout
L5 5206 Trgt 1
L6 5199 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 03-08-2012
Nifty(Aug Fut)-Levels
R3 5288
R2 5270
R1 5258
Avg 5240
S1 5228
S2 5210
S3 5198
Nifty(Aug Fut)-Trading Strategy
H6 5276 Trgt 2
H5 5269 Trgt 1
H4 5262 Long breakout
H3 5254 Go Short
H2 5251
H1 5248
L1 5243
L2 5240
L3 5237 Long
L4 5229 Short Breakout
L5 5222 Trgt 1
L6 5215 Trgt 2
R3 5288
R2 5270
R1 5258
Avg 5240
S1 5228
S2 5210
S3 5198
Nifty(Aug Fut)-Trading Strategy
H6 5276 Trgt 2
H5 5269 Trgt 1
H4 5262 Long breakout
H3 5254 Go Short
H2 5251
H1 5248
L1 5243
L2 5240
L3 5237 Long
L4 5229 Short Breakout
L5 5222 Trgt 1
L6 5215 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 03-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10588
R2 10525
R1 10476
Avg 10413
S1 10364
S2 10301
S3 10252
Bank Nifty(Aug Fut)-Trading Strategy
H6 10540 Trgt 2
H5 10515 Trgt 1
H4 10489 Long breakout
H3 10458 Go Short
H2 10448
H1 10438
L1 10417
L2 10407
L3 10397 Long
L4 10366 Short Breakout
L5 10340 Trgt 1
L6 10315 Trgt 2
R3 10588
R2 10525
R1 10476
Avg 10413
S1 10364
S2 10301
S3 10252
Bank Nifty(Aug Fut)-Trading Strategy
H6 10540 Trgt 2
H5 10515 Trgt 1
H4 10489 Long breakout
H3 10458 Go Short
H2 10448
H1 10438
L1 10417
L2 10407
L3 10397 Long
L4 10366 Short Breakout
L5 10340 Trgt 1
L6 10315 Trgt 2
Pre-Closing Outlook(02-08-2012)
Following topic was posted yesterday for today trading:-
Firstly watch 5200-5250 for Long Term Trend Fate
Nifty traded whole day today within above mentioned range between 5209.95-5236.90.As today intraday patterns are showing consolidations patterns therefore finally trading above 5250 possibilities turned higher despite whole day negative zone trading today.
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