Consolidations patterns being emerged in today intraday charts.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(08-08-2012)
As "Bearish Rising Wedge" formation was seen between 5330-5350 yesterday therefore following technical requirement was updated in both previous Outlooks:-
"consolidation is required for a strong rally above 5365"
Nifty is trading between 5339-5361 since opening today and slipped also from intraday higher levels but sustaining beyond 5330-5365 should be firstly watched for confirmation of final market positions between most crucial and next trend deciding resistance range(5300-5365)
As both consolidations and "Bearish Rising Wedge" formation was seen between 5300-5350 yesterday therefor more preparation is required for next decisive moves. Let market prepare and market take positions then next moves will be updated from intraday charts formations.
"consolidation is required for a strong rally above 5365"
Nifty is trading between 5339-5361 since opening today and slipped also from intraday higher levels but sustaining beyond 5330-5365 should be firstly watched for confirmation of final market positions between most crucial and next trend deciding resistance range(5300-5365)
As both consolidations and "Bearish Rising Wedge" formation was seen between 5300-5350 yesterday therefor more preparation is required for next decisive moves. Let market prepare and market take positions then next moves will be updated from intraday charts formations.
Blasting Rally above 5365 is on cards
Technical Analysis,Researches & Market Outlook
(08-08-2012)
Nifty-Intra Day Chart (07-Aug-2012):- |
| Just click on chart for its enlarged view |
1- Almost whole day continuous up moves with intraday consolidations.
2- Slipping from higher levels in last half hour after Bearish Rising Wedge formations
3- Whole day trading between 5288-5350
Conclusions from intra day chart analysis
Firstly click following topic link and understand technical positions from EOD chart:-
Blasting Rally above 5365 but after Follow Up Consolidations
Nifty traded most of the time between mentioned strong resistance range(5300-5365) and continuously moved up after intraday consolidations. "Bearish Rising Wedge" formation was seen between 5330-5350 and after that Nifty slipped also in last half hour upto 5330 therefore consolidation is firstly required for next decisive up moves.
Expected that Nifty will finally sustain above 5365 after follow up consolidations and on going rally will remain continued. Blasting rally is also expected above 5365 and this possibility is very much alive but sustaining above 5365 should also be firstly watched because "Bearish Rising Wedge" formation also on 07-08-2012.
Indian Stock Markets Closing Reports(07-Aug-2012)
Main features of today trading are as follows
1- Green closing.
2- White Candle.
3- Whole day up moves.
Ratios
Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(07-Aug-2012): 17.43
Advances & Declines
BSE Advances : 1505
BSE Declines : 1317
NSE Advances : 783
NSE Declines : 642
Nifty Open Interest Changed Today
Nifty- 5100 CE(Aug)- -204,650(-9.88%)
Nifty- 5100 PE(Aug)- 1,028,000(15.18%)
Nifty- 5200 CE(Aug)- -355,550(-9.820%)
Nifty- 5200 PE(Aug)- 1,129,300(21.49%)
Nifty- 5300 CE(Aug)- -1,122,450(-19.96%)
Nifty- 5300 PE(Aug)- 1,686,200(42.47%)
Nifty- 5400 CE(Aug)- 39,200(0.55%)
Nifty- 5400 PE(Aug)- 997,700(85.63%)
Nifty- 5500 CE(Aug)- 886,000(10.56%)
Nifty- 5500 PE(Aug)- 441,800(96.19%)
Closing
Nifty- closed at 5,336.70(54.15 Points & 1.03%)
Sensex- closed at 17,601.78(188.82 Points & 1.08% )
CNX Midcap - closed at 7,297.00(9.80 Points & 0.13%)
BSE SMLcap- closed at 6,620.79(23.58 Points & 0.36%)
1- Green closing.
2- White Candle.
3- Whole day up moves.
Ratios
Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(07-Aug-2012): 17.43
Advances & Declines
BSE Advances : 1505
BSE Declines : 1317
NSE Advances : 783
NSE Declines : 642
Nifty Open Interest Changed Today
Nifty- 5100 CE(Aug)- -204,650(-9.88%)
Nifty- 5100 PE(Aug)- 1,028,000(15.18%)
Nifty- 5200 CE(Aug)- -355,550(-9.820%)
Nifty- 5200 PE(Aug)- 1,129,300(21.49%)
Nifty- 5300 CE(Aug)- -1,122,450(-19.96%)
Nifty- 5300 PE(Aug)- 1,686,200(42.47%)
Nifty- 5400 CE(Aug)- 39,200(0.55%)
Nifty- 5400 PE(Aug)- 997,700(85.63%)
Nifty- 5500 CE(Aug)- 886,000(10.56%)
Nifty- 5500 PE(Aug)- 441,800(96.19%)
Closing
Nifty- closed at 5,336.70(54.15 Points & 1.03%)
Sensex- closed at 17,601.78(188.82 Points & 1.08% )
CNX Midcap - closed at 7,297.00(9.80 Points & 0.13%)
BSE SMLcap- closed at 6,620.79(23.58 Points & 0.36%)
FII & DII trading activity in Capital Market Segment on 07-Aug-2012
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Nifty Spot-Levels & Trading Strategy for 08-08-2012
Nifty Spot-Levels
R3 5432
R2 5391
R1 5363
PIVOT 5322
S1 5294
S2 5253
S3 5225
Nifty Spot-Trading Strategy
H6 5405 Trgt 2
H5 5389 Trgt 1
H4 5373 Long breakout
H3 5354 Go Short
H2 5348
H1 5342
L1 5329
L2 5323
L3 5317 Long
L4 5298 Short Breakout
L5 5282 Trgt 1
L6 5266 Trgt 2
R3 5432
R2 5391
R1 5363
PIVOT 5322
S1 5294
S2 5253
S3 5225
Nifty Spot-Trading Strategy
H6 5405 Trgt 2
H5 5389 Trgt 1
H4 5373 Long breakout
H3 5354 Go Short
H2 5348
H1 5342
L1 5329
L2 5323
L3 5317 Long
L4 5298 Short Breakout
L5 5282 Trgt 1
L6 5266 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 08-08-2012
Nifty(Aug Fut)-Levels
R3 5448
R2 5407
R1 5377
PIVOT 5336
S1 5306
S2 5265
S3 5235
Nifty(Aug Fut)-Trading Strategy
H6 5418 Trgt 2
H5 5402 Trgt 1
H4 5386 Long breakout
H3 5366 Go Short
H2 5360
H1 5353
L1 5340
L2 5333
L3 5327 Long
L4 5307 Short Breakout
L5 5291 Trgt 1
L6 5275 Trgt 2
R3 5448
R2 5407
R1 5377
PIVOT 5336
S1 5306
S2 5265
S3 5235
Nifty(Aug Fut)-Trading Strategy
H6 5418 Trgt 2
H5 5402 Trgt 1
H4 5386 Long breakout
H3 5366 Go Short
H2 5360
H1 5353
L1 5340
L2 5333
L3 5327 Long
L4 5307 Short Breakout
L5 5291 Trgt 1
L6 5275 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 08-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10839
R2 10744
R1 10682
PIVOT 10587
S1 10525
S2 10430
S3 10368
Bank Nifty(Aug Fut)-Trading Strategy
H6 10778 Trgt 2
H5 10742 Trgt 1
H4 10706 Long breakout
H3 10663 Go Short
H2 10648
H1 10634
L1 10605
L2 10591
L3 10576 Long
L4 10533 Short Breakout
L5 10497 Trgt 1
L6 10461 Trgt 2
R3 10839
R2 10744
R1 10682
PIVOT 10587
S1 10525
S2 10430
S3 10368
Bank Nifty(Aug Fut)-Trading Strategy
H6 10778 Trgt 2
H5 10742 Trgt 1
H4 10706 Long breakout
H3 10663 Go Short
H2 10648
H1 10634
L1 10605
L2 10591
L3 10576 Long
L4 10533 Short Breakout
L5 10497 Trgt 1
L6 10461 Trgt 2
Pre-Closing Outlook(07-08-2012)
More than 1.25% rally within most crucial resistance range(5300-5365) but "Bearish Rising Wedge" formation is also seen during last 2 hours therefore more consolidations are required between 5330-5350 before next up moves in the coming sessions.
Mid-session Outlook-2(07-08-2012)
Our all the Outlooks of previous and current week are live proofs of this fact that we were always Bullish on Indian markets and only Bullish Rally have been projected. As intraday sentiment turned heated therefore minor intraday correction may be seen but finally up moves will remain continued.
Mid-session Outlook(07-08-2012)
As up moves continuation above 5300 after first half hour consolidations within yesterday trading range therefore on going rally will remain continued.
Detailed analysis have already been updated yesterday with EOD chart.
Detailed analysis have already been updated yesterday with EOD chart.
Blasting Rally above 5365 but after Follow Up Consolidations
Technical Analysis,Researches & Market Outlook
(07-08-2012)
Nifty-Intra Day Chart (06-Aug-2012):- |
| Just click on chart for its enlarged view |
1- Buying(support) between 5270-5282
2- Selling(resistance) between 5286-5293
3- Whole day trading between 5270-5293
Conclusions from intra day chart analysis
As whole day narrow range trading within 23 Nifty points with Lower levels buying and higher levels selling therefore market will firstly trade near about today trading range tomorrow and sustaining beyond today trading range will be next decisive move confirmation.
Nifty-EOD Chart(06-Aug-2012):-
 |
| Just click on chart for its enlarged view |
Strong Resistance between 5300-5365 and Nifty traded whole day today between 5270-5293 which is just below mentioned strong resistance range. As intraday selling patterns are also seen between 23 Nifty points narrow range therefore until complete consolidation will not be seen below 5300 and between above mentioned resistance range till then Nifty will not cross 5365.
Conclusions (After Putting All Studies Together)
As both intraday buying and selling patterns today therefore Indian markets are equally poised today for any side moves and today trading range forceful break out or sustaining beyond will pave the way of next trend.
All trends are up but follow up consolidations are must for crossing and sustaining above mentioned resistance ranges. As lower levels consolidations also seen today therefore on going rally continuation hopes are alive but next up moves may also be slow between 5300-5365.
Inverted Head and Shoulders like formations are also being developed and its confirmations will be above 5365(Neckline). Sustaining above 5365 will be confirmation of strong resistance crossing and huge Inverted Head and Shoulders formation which will result strong,blasting and fast moves.
Indian Stock Markets Closing Reports(06-Aug-2012)
Main features of today trading are as follows
1- Green closing after big gap up opening.
2- White Candle formation.
3- Range bound trading in positive zone.
Ratios
Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(06-Aug-2012): 17.25
Advances & Declines
BSE Advances : 1672
BSE Declines : 1170
NSE Advances : 900
NSE Declines : 544
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -300,150(-17.48%)
Nifty- 5000 PE(Aug)- 80,450(0.78%)
Nifty- 5100 CE(Aug)- -208,100(-9.13%)
Nifty- 5100 PE(Aug)- 249,400(3.82%)
Nifty- 5200 CE(Aug)- -565,350(-13.51%)
Nifty- 5200 PE(Aug)- 256,150(5.12%)
Nifty- 5300 CE(Aug)- 298,800(5.61%)
Nifty- 5300 PE(Aug)- 1,361,450 (52.19%)
Nifty- 5400 CE(Aug)- 1,033,200(16.84%)
Nifty- 5400 PE(Aug)- 331,100(39.70%)
Closing
Nifty- closed at 5,282.55(66.85 Points & 1.28%)
Sensex- closed at 17,412.96(215.03 Points & 1.25% )
CNX Midcap - closed at 7,287.20(42.30 Points & 0.58%)
BSE SMLcap- closed at 6,597.21(51.51 Points & 0.79%)
1- Green closing after big gap up opening.
2- White Candle formation.
3- Range bound trading in positive zone.
Ratios
Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(06-Aug-2012): 17.25
Advances & Declines
BSE Advances : 1672
BSE Declines : 1170
NSE Advances : 900
NSE Declines : 544
Nifty Open Interest Changed Today
Nifty- 5000 CE(Aug)- -300,150(-17.48%)
Nifty- 5000 PE(Aug)- 80,450(0.78%)
Nifty- 5100 CE(Aug)- -208,100(-9.13%)
Nifty- 5100 PE(Aug)- 249,400(3.82%)
Nifty- 5200 CE(Aug)- -565,350(-13.51%)
Nifty- 5200 PE(Aug)- 256,150(5.12%)
Nifty- 5300 CE(Aug)- 298,800(5.61%)
Nifty- 5300 PE(Aug)- 1,361,450 (52.19%)
Nifty- 5400 CE(Aug)- 1,033,200(16.84%)
Nifty- 5400 PE(Aug)- 331,100(39.70%)
Closing
Nifty- closed at 5,282.55(66.85 Points & 1.28%)
Sensex- closed at 17,412.96(215.03 Points & 1.25% )
CNX Midcap - closed at 7,287.20(42.30 Points & 0.58%)
BSE SMLcap- closed at 6,597.21(51.51 Points & 0.79%)
FII & DII trading activity in Capital Market Segment on 06-Aug-2012
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Nifty Spot-Levels & Trading Strategy for 07-08-2012
Nifty Spot-Levels
R3 5329
R2 5311
R1 5296
Avg 5278
S1 5263
S2 5245
S3 5230
Nifty Spot-Trading Strategy
H6 5315 Trgt 2
H5 5307 Trgt 1
H4 5300 Long breakout
H3 5291 Go Short
H2 5288
H1 5285
L1 5278
L2 5275
L3 5272 Long
L4 5263 Short Breakout
L5 5256 Trgt 1
L6 5248 Trgt 2
R3 5329
R2 5311
R1 5296
Avg 5278
S1 5263
S2 5245
S3 5230
Nifty Spot-Trading Strategy
H6 5315 Trgt 2
H5 5307 Trgt 1
H4 5300 Long breakout
H3 5291 Go Short
H2 5288
H1 5285
L1 5278
L2 5275
L3 5272 Long
L4 5263 Short Breakout
L5 5256 Trgt 1
L6 5248 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 07-08-2012
Nifty(Aug Fut)-Levels
R3 5341
R2 5325
R1 5310
Avg 5294
S1 5279
S2 5263
S3 5248
Nifty(Aug Fut)-Trading Strategy
H6 5327 Trgt 2
H5 5320 Trgt 1
H4 5313 Long breakout
H3 5304 Go Short
H2 5301
H1 5298
L1 5293
L2 5290
L3 5287 Long
L4 5278 Short Breakout
L5 5271 Trgt 1
L6 5264 Trgt 2
R3 5341
R2 5325
R1 5310
Avg 5294
S1 5279
S2 5263
S3 5248
Nifty(Aug Fut)-Trading Strategy
H6 5327 Trgt 2
H5 5320 Trgt 1
H4 5313 Long breakout
H3 5304 Go Short
H2 5301
H1 5298
L1 5293
L2 5290
L3 5287 Long
L4 5278 Short Breakout
L5 5271 Trgt 1
L6 5264 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 07-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10950
R2 10842
R1 10684
Avg 10576
S1 10418
S2 10310
S3 10152
Bank Nifty(Aug Fut)-Trading Strategy
H6 10794 Trgt 2
H5 10733 Trgt 1
H4 10673 Long breakout
H3 10600 Go Short
H2 10575
H1 10551
L1 10502
L2 10478
L3 10453 Long
L4 10380 Short Breakout
L5 10320 Trgt 1
L6 10259 Trgt 2
R3 10950
R2 10842
R1 10684
Avg 10576
S1 10418
S2 10310
S3 10152
Bank Nifty(Aug Fut)-Trading Strategy
H6 10794 Trgt 2
H5 10733 Trgt 1
H4 10673 Long breakout
H3 10600 Go Short
H2 10575
H1 10551
L1 10502
L2 10478
L3 10453 Long
L4 10380 Short Breakout
L5 10320 Trgt 1
L6 10259 Trgt 2
Pre-Closing Outlook(06-08-2012)
Following line was told in Post-open Outlook-2 at 10:43:00 AM today:-
"lower levels supports after minor profit booking may be seen and firstly 5255-5285 should be watched for this purpose"
Nifty traded more than 3 hours within above mentioned range and moved up after getting intraday supports between 5270-5285.
Minor profit booking at higher levels but lower levels good intraday spports also between 5261-5293 today therefore finally sustaining beyond this range should be firstly watched tomorrow.
"lower levels supports after minor profit booking may be seen and firstly 5255-5285 should be watched for this purpose"
Nifty traded more than 3 hours within above mentioned range and moved up after getting intraday supports between 5270-5285.
Minor profit booking at higher levels but lower levels good intraday spports also between 5261-5293 today therefore finally sustaining beyond this range should be firstly watched tomorrow.
As Resistances above 5300 therefore consolidations is required for decisive up moves above 5300 and next up moves may also be slow between 5300-5349 as well as sustaining above 5349 will be confirmation of strong fast moves.
Mid-session Outlook(06-08-2012)
As first hour up moves were without required force therefore minor profit booking possibility was told and supports getting range of 5255-5285 was also given in both previous Post-open Outlooks. Nifty traded most time between mentioned range today.
As minor profit booking today therefore fresh long positions should be built up after supports getting confirmations between mentioned range(5255-5290).
As minor profit booking today therefore fresh long positions should be built up after supports getting confirmations between mentioned range(5255-5290).
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