Fall after CAG report in Rajya Sabha and sustaining below 5357 will be very short term correction confirmation to test next support range(5290-5320).
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(17-08-2012)
Trading between yesterday range after good opening. Yesterday weaker intraday supports have been honoured but good selling at higher levels also therefore indian markets have to firstly prepare for next decisive moves beyond yesterday intraday trading range.
As good opening today therefore possibility of correction completion within sideways markets is expected. Nifty will firstly trade between yesterday trading range(5357-5390) and sustaining beyond this range will be next trend confirmation.
As good opening today therefore possibility of correction completion within sideways markets is expected. Nifty will firstly trade between yesterday trading range(5357-5390) and sustaining beyond this range will be next trend confirmation.
Technical Analysis and Market Outlook(17-08-2012)
Nifty-Intra Day Chart (16-Aug-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5374-5382
2- Buying between 5357-5370
3- Whole day trading between 5357-5390
As good selling at higher levels and minor buying at lower levels therefore firstly down moves are expected and sustaining below 5357 will be very short term correction confirmation to test next support range(5290-5320).
Coming sessions will be range bound between 5290-5390 because good supports are lower levels and good selling seen at higher levels also. Follow up consolidation is must in the coming sessions for decisive up moves above 5400.
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| Just click on chart for its enlarged view |
1- Selling between 5374-5382
2- Buying between 5357-5370
3- Whole day trading between 5357-5390
Conclusions from intra day chart analysis
As good selling at higher levels and minor buying at lower levels therefore firstly down moves are expected and sustaining below 5357 will be very short term correction confirmation to test next support range(5290-5320).
Coming sessions will be range bound between 5290-5390 because good supports are lower levels and good selling seen at higher levels also. Follow up consolidation is must in the coming sessions for decisive up moves above 5400.
FII & DII trading activity in Capital Market Segment on 16-Aug-2012
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Nifty Spot-Levels & Trading Strategy for 17-08-2012
Nifty Spot-Levels
R3 5416
R2 5403
R1 5382
Avg 5369
S1 5348
S2 5335
S3 5314
Nifty Spot-Trading Strategy
H6 5396 Trgt 2
H5 5388 Trgt 1
H4 5380 Long breakout
H3 5371 Go Short
H2 5368
H1 5365
L1 5358
L2 5355
L3 5352 Long
L4 5343 Short Breakout
L5 5335 Trgt 1
L6 5327 Trgt 2
R3 5416
R2 5403
R1 5382
Avg 5369
S1 5348
S2 5335
S3 5314
Nifty Spot-Trading Strategy
H6 5396 Trgt 2
H5 5388 Trgt 1
H4 5380 Long breakout
H3 5371 Go Short
H2 5368
H1 5365
L1 5358
L2 5355
L3 5352 Long
L4 5343 Short Breakout
L5 5335 Trgt 1
L6 5327 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 17-08-2012
Nifty(Aug Fut)-Levels
R3 5436
R2 5423
R1 5402
Avg 5389
S1 5368
S2 5355
S3 5334
Nifty(Aug Fut)-Trading Strategy
H6 5416 Trgt 2
H5 5408 Trgt 1
H4 5400 Long breakout
H3 5391 Go Short
H2 5388
H1 5385
L1 5378
L2 5375
L3 5372 Long
L4 5363 Short Breakout
L5 5355 Trgt 1
L6 5347 Trgt 2
R3 5436
R2 5423
R1 5402
Avg 5389
S1 5368
S2 5355
S3 5334
Nifty(Aug Fut)-Trading Strategy
H6 5416 Trgt 2
H5 5408 Trgt 1
H4 5400 Long breakout
H3 5391 Go Short
H2 5388
H1 5385
L1 5378
L2 5375
L3 5372 Long
L4 5363 Short Breakout
L5 5355 Trgt 1
L6 5347 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 17-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10726
R2 10668
R1 10570
Avg 10512
S1 10414
S2 10356
S3 10258
Bank Nifty(Aug Fut)-Trading Strategy
H6 10628 Trgt 2
H5 10593 Trgt 1
H4 10557 Long breakout
H3 10514 Go Short
H2 10500
H1 10486
L1 10457
L2 10443
L3 10429 Long
L4 10386 Short Breakout
L5 10350 Trgt 1
L6 10315 Trgt 2
R3 10726
R2 10668
R1 10570
Avg 10512
S1 10414
S2 10356
S3 10258
Bank Nifty(Aug Fut)-Trading Strategy
H6 10628 Trgt 2
H5 10593 Trgt 1
H4 10557 Long breakout
H3 10514 Go Short
H2 10500
H1 10486
L1 10457
L2 10443
L3 10429 Long
L4 10386 Short Breakout
L5 10350 Trgt 1
L6 10315 Trgt 2
Pre-Closing Outlook(16-08-2012)
Only 19 points range 5367-5386) was given for next moves preparation and Nifty hovered around this range first 5 hours with trading between 5362.00-5,390.65.
Whole day trading between 5356.65-5,390.65 today with higher levels selling patterns but intraday patterns are showing lower levels consolidations formations also therefore sustaining below 5367 should be firstly watched for next trend confirmations.
Whole day trading between 5356.65-5,390.65 today with higher levels selling patterns but intraday patterns are showing lower levels consolidations formations also therefore sustaining below 5367 should be firstly watched for next trend confirmations.
Mid-session Outlook(16-08-2012)
Next trading range of 5367-5386 was given at 09:42 AM today and Nifty hovered around this range during last 3 hours as well as traded between 5364.35-5390.65. As mixed intraday trading patterns between 5367-5386 on 15-08-2012 therefore Indian markets were not prepared for any side decisive move and preparations was required,it is being done today within narrow range side ways moves.
Sustaining beyond 5367-5386 should be firstly watched for next trend confirmations.
Post-open Outlook(16-08-2012)
As more than 3 hours mixed intraday patterns between 5367-5386 on 14-08-2012 therefore following line was told on 15-08-2012:-
1- more consolidation is required for a sustained rally above 5386.
2- consolidation is first demand for next up moves above 5400.
Expected that Nifty will firstly trade most time within mentioned Mixed Patterns range(5367-5386) and prepare for next moves.Finally next moves first indication will be sustaining beyond mentioned mixed patterns range and should be firstly watched also.
1- more consolidation is required for a sustained rally above 5386.
2- consolidation is first demand for next up moves above 5400.
Expected that Nifty will firstly trade most time within mentioned Mixed Patterns range(5367-5386) and prepare for next moves.Finally next moves first indication will be sustaining beyond mentioned mixed patterns range and should be firstly watched also.
Follow up consolidation required for next Rally above 5400
Nifty-Micro Analysis of Intra Day Chart For 16-08-2012
Nifty-Intra Day Chart (14-Aug-2012):-
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| Just click on chart for its enlarged view |
1- Consolidation between 5330-5355
2- Mixed Patterns between 5367-5386
3- Whole day trading between 5330-5386
Conclusions from intra day chart analysis
Although closing near the highs of the day but last more than 3 hours trading with mixed intraday patterns therefore more consolidation is required for a sustained rally above 5386.
As mixed intraday patterns more than 3 hours therefore colsolidation is firstly required for a decisive rally. Finally rally is expected but follow up consolidation is first demand for next up moves above 5400.
Indian Stock Markets Closing Reports(14-Aug-2012)
Main features of today trading are as follows
1- Benchmark Indices closed in Green.
2- White Candle formation.
3- Closing near day's highs.
Ratios
Nifty Put Call Ratio: 1.21
Nifty P/E Ratio(14-Aug-2012): 17.88
Advances & Declines
BSE Advances : 1378
BSE Declines : 1423
NSE Advances : 738
NSE Declines : 691
Nifty Open Interest Changed Today
Nifty- 5100 CE(Aug)- -153,450(-8.77%)
Nifty- 5100 PE(Aug)- -371,350(-371,350%)
Nifty- 5200 CE(Aug)- -386,150(-12.70%)
Nifty- 5200 PE(Aug)- -147,850(-1.84%)
Nifty- 5300 CE(Aug)- -416,700(-10.08%)
Nifty- 5300 PE(Aug)- 1,019,950(13.46%)
Nifty- 5400 CE(Aug)- -695,900(-10.08%)
Nifty- 5400 PE(Aug)- 581,350(18.40%)
Nifty- 5500 CE(Aug)- 407,150(4.75%)
Nifty- 5500 PE(Aug)- 40,350(3.52%)
Closing
Nifty- closed at 5,380.35(32.45 Points & 0.61%)
Sensex- closed at 17,731.59(98.14 Points & 0.56% )
CNX Midcap - closed at 7,303.45(13.80 Points & 0.19%)
BSE SMLcap- closed at 6,596.40(16.48 Points & 0.25%)
1- Benchmark Indices closed in Green.
2- White Candle formation.
3- Closing near day's highs.
Ratios
Nifty Put Call Ratio: 1.21
Nifty P/E Ratio(14-Aug-2012): 17.88
Advances & Declines
BSE Advances : 1378
BSE Declines : 1423
NSE Advances : 738
NSE Declines : 691
Nifty Open Interest Changed Today
Nifty- 5100 CE(Aug)- -153,450(-8.77%)
Nifty- 5100 PE(Aug)- -371,350(-371,350%)
Nifty- 5200 CE(Aug)- -386,150(-12.70%)
Nifty- 5200 PE(Aug)- -147,850(-1.84%)
Nifty- 5300 CE(Aug)- -416,700(-10.08%)
Nifty- 5300 PE(Aug)- 1,019,950(13.46%)
Nifty- 5400 CE(Aug)- -695,900(-10.08%)
Nifty- 5400 PE(Aug)- 581,350(18.40%)
Nifty- 5500 CE(Aug)- 407,150(4.75%)
Nifty- 5500 PE(Aug)- 40,350(3.52%)
Closing
Nifty- closed at 5,380.35(32.45 Points & 0.61%)
Sensex- closed at 17,731.59(98.14 Points & 0.56% )
CNX Midcap - closed at 7,303.45(13.80 Points & 0.19%)
BSE SMLcap- closed at 6,596.40(16.48 Points & 0.25%)
FII & DII trading activity in Capital Market Segment on 14-Aug-2012
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Nifty Spot-Levels & Trading Strategy for 16-08-2012
Nifty Spot-Levels
R3 5461
R2 5424
R1 5402
Avg 5365
S1 5343
S2 5306
S3 5284
Nifty Spot-Trading Strategy
H6 5439 Trgt 2
H5 5426 Trgt 1
H4 5412 Long breakout
H3 5396 Go Short
H2 5390
H1 5385
L1 5374
L2 5369
L3 5363 Long
L4 5347 Short Breakout
L5 5333 Trgt 1
L6 5320 Trgt 2
Nifty(Aug Fut)-Levels & Trading Strategy for 16-08-2012
Nifty(Aug Fut)-Levels
R3 5490
R2 5453
R1 5429
Avg 5392
S1 5368
S2 5331
S3 5307
Nifty(Aug Fut)-Trading Strategy
H6 5467 Trgt 2
H5 5453 Trgt 1
H4 5439 Long breakout
H3 5422 Go Short
H2 5417
H1 5411
L1 5400
L2 5394
L3 5389 Long
L4 5372 Short Breakout
L5 5358 Trgt 1
L6 5344 Trgt 2
R3 5490
R2 5453
R1 5429
Avg 5392
S1 5368
S2 5331
S3 5307
Nifty(Aug Fut)-Trading Strategy
H6 5467 Trgt 2
H5 5453 Trgt 1
H4 5439 Long breakout
H3 5422 Go Short
H2 5417
H1 5411
L1 5400
L2 5394
L3 5389 Long
L4 5372 Short Breakout
L5 5358 Trgt 1
L6 5344 Trgt 2
Bank Nifty(Aug Fut)-Levels & Trading Strategy for 16-08-2012
Bank Nifty(Aug Fut)-Levels
R3 10832
R2 10723
R1 10649
Avg 10540
S1 10466
S2 10357
S3 10283
Bank Nifty(Aug Fut)-Trading Strategy
H6 10761 Trgt 2
H5 10719 Trgt 1
H4 10676 Long breakout
H3 10626 Go Short
H2 10609
H1 10592
L1 10559
L2 10542
L3 10525 Long
L4 10475 Short Breakout
L5 10432 Trgt 1
L6 10390 Trgt 2
R3 10832
R2 10723
R1 10649
Avg 10540
S1 10466
S2 10357
S3 10283
Bank Nifty(Aug Fut)-Trading Strategy
H6 10761 Trgt 2
H5 10719 Trgt 1
H4 10676 Long breakout
H3 10626 Go Short
H2 10609
H1 10592
L1 10559
L2 10542
L3 10525 Long
L4 10475 Short Breakout
L5 10432 Trgt 1
L6 10390 Trgt 2
Post-open Outlook(13-08-2012)
As global cues are quiet today morning therefore flat trading in Indian markets. Correction completion indications last Friday therefore finally rally is expected. Support between 5295-5312 on 10-08-2012 therefore until Nifty will not sustain below 5296 till then any down move will not be considered.
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