Technical Patterns and Formations in EOD charts(01-08-2011)

Dow,Futures is trading more than 175 points up today morning after Obama agreement with Republican congressional leaders on a compromise to avoid the nation's first-ever financial defaul therefore all the Asian markets are positive and some are more than 1.5% up also. Indian markets will also react to this encouraging news with strong opening

Nifty-EOD Chart(29-Jul-2011):-

Just click on chart for its enlarged view

Double Doji formations in last 2 sssions and Nifty traded between 5455-5520. Sustaining above 5520 after gap up opening today will ascertain the range bound market between 5454-5740 and strong support between last 2 sessions trading range.

Previous weak trading was under the shadow of US debt crisis and today trading will again be influenced by encouraging news of recovery from crisis therefore crossing and sustaining above first resistance(5560-5595) is must for up trend first confirmation.

Mood is bullish today morning therefore positive closing after gap up opening and whole day positive zone trading will be seen and next trend will be decided through sustaining beyond mentioned next resistance range.

ओबामा: कांग्रेस एक ऋण समझौते तक पहुँचने

वॉशिंगटन (एपी) - एक खतरनाक गतिरोध समाप्त, राष्ट्रपति बराक ओबामा समझौता देश की पहली कभी वित्तीय डिफ़ॉल्ट से बचने के लिए एक समझौते पर रिपब्लिकन कांग्रेस के नेताओं के साथ रविवार की रात की घोषणा की. सौदा एक दशक से अधिक संघीय खर्च से अधिक से अधिक $ 2 ट्रिलियन में कटौती करेगा.
डिफ़ॉल्ट "हमारी अर्थव्यवस्था पर एक विनाशकारी प्रभाव पड़ता था," ओबामा ने व्हाइट हाउस, relaying में अमेरिकी लोगों और दुनिया भर के वित्तीय बाजारों के लिए खबर ने कहा. उन्होंने दोनों दलों के नेताओं को धन्यवाद दिया.


स्रोत:-  http://news.yahoo.com/obama-congress-reach-debt-deal-003853348.html

Obama: Congress reach a debt deal

WASHINGTON (AP) — Ending a perilous stalemate, President Barack Obama announced agreement Sunday night with Republican congressional leaders on a compromise to avoid the nation's first-ever financial default. The deal would cut more than $2 trillion from federal spending over a decade.
Default "would have had a devastating effect on our economy," Obama said at the White House, relaying the news to the American people and financial markets around the world. He thanked the leaders of both parties.

Source:- http://news.yahoo.com/obama-congress-reach-debt-deal-003853348.html

Senate defeats House debt-ceiling bill

WASHINGTON (MarketWatch) — The Senate voted Friday night to set aside a House-passed bill that would raise the U.S. debt limit and cut the deficit, paving the way for a vote on Senate Democrats’ own measure and intense compromise talks as the clock ticked toward a potential government default next week.

Click to Play

Boehner: ‘I stuck my neck out’

In addressing the House of Representatives, Speaker John Boehner called on Democrats to "put something on the table." Courtesy Fox News.

The House bill passed 218-210 earlier Friday, after Republican leaders won over conservatives by tying an increase in the $14.3 trillion debt limit to passing a balanced-budget amendment. President Barack Obama opposes the House bill and is backing the rival measure from Senate Democratic Leader Harry Reid.

The House and Senate bills share key similarities, but a sticking point is how much and when to raise the government’s borrowing limit.

Senate leaders were working furiously on a compromise measure, and comments from Republicans including Sens. Olympia Snowe of Maine and Scott Brown of Massachusetts indicated a deal could win bipartisan support. Snowe said she was reviewing plans by Reid, of Nevada, and Minority Leader Mitch McConnell of Kentucky and hoped they would work through their differences, according to The Wall Street Journal.

Obama continued to warn that the debt limit needs to be raised by Tuesday to avoid default. Payments on Treasury debt, veterans’ benefits and government employees’ salaries would halt if the government can’t pay its bills, the White House says.

On Saturday, the Republican-controlled House plans to reject Sen. Reid’s debt-ceiling bill, which would cut around $2 trillion in spending over 10 years and raise the debt limit by about $2.4 trillion. That’s enough to last past the 2012 elections and avoid a new fight over the debt ceiling before voters go to the polls.

Reid is hoping to ultimately pass his bill in the Senate after negotiating with Republicans and has set a vote to cut off debate on it for early Sunday morning. Final passage would then come Tuesday.

Source:-http://www.marketwatch.com/story/house-passes-bill-to-boost-debt-ceiling-2011-07-29?siteid=yhoof

FII Trading Data in Derivatives Segment on 29-Jul-2011

FII & DII trading activity in Capital Market Segment on 29-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 29-Jul-2011 2771.53 3235.56 -464.03

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Jul-2011 1564.71 1152.89 411.82

Indian Stock Markets Closing Reports(29-Jul-2011)

Main features of today trading are as follows

1- Red closing with minor losses.
2- Mixed closing of Indices.Some closed with gains while others with loss.
3- Today Candle is Doji.

Ratios

Nifty Put Call Ratio:1.00
Nifty P/E Ratio(28-Jul-2011): 19.76

Advances & Declines

BSE ADVANCES : 1105
BSE DECLINES : 1772
NSE ADVANCES : 485
NSE DECLINES : 921

Nifty Open Interest Changed Today

Nifty- 5400 CE(Jul)- +151950(+9.14%)
Nifty- 5600 PE(Jul)- +1514800(+30.69%)

Nifty- 5500 CE(Jul)- +905000(+22.79%)
Nifty- 5500 PE(Jul)- +524250(+13.01%)

Closing 

Nifty- closed at 5,482.00(-5.75 Points & -00.10%)
Sensex- closed at 18,197.20(-12.32 Points & -0.07%)
CNX MIDCAP - closed at 8,017.35(-28.85 Points & -0.36%)
BSE SMALL CAP- closed at 8,305.58(-55.84 Points & -0.67%)

Nifty Spot-Levels & Trading Strategy for 01-08-2011

Nifty Spot-Levels

R3 5584
R2 5552
R1 5517
Avg 5485
S1 5450
S2 5418
S3 5383

Nifty Spot-Trading Strategy

H6 5549     Trgt 2
H5 5534     Trgt 1
H4 5518     Long breakout
H3 5500     Go Short
H2 5494
H1 5488
L1 5475
L2 5469
L3 5463     Long
L4 5445     Short Breakout
L5 5429     Trgt 1
L6 5414     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2011

Nifty(Jul Fut)-Levels

R3 5602
R2 5566
R1 5527
Avg 5491
S1 5452
S2 5416
S3 5377

Nifty(Jul Fut)-Trading Strategy

H6 5563     Trgt 2
H5 5546     Trgt 1
H4 5529     Long breakout
H3 5508     Go Short
H2 5501
H1 5494
L1 5481
L2 5474
L3 5467     Long
L4 5446     Short Breakout
L5 5429     Trgt 1
L6 5412     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 01-08-2011

Bank Nifty(Jul Fut)-Levels

R3 11222
R2 11101
R1 11005
Avg 10884
S1 10788
S2 10667
S3 10571

Bank Nifty(Jul Fut)-Trading Strategy

H6 11129     Trgt 2
H5 11079     Trgt 1
H4 11029     Long breakout
H3 10969     Go Short
H2 10949
H1 10929
L1 10890
L2 10870
L3 10850     Long
L4 10790     Short Breakout
L5 10740     Trgt 1
L6 10690     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Aug 01 to Aug 05,2011)

Nifty Spot-Weekly Levels

R3 5856
R2 5779
R1 5630
Avg 5553
S1 5404
S2 5327
S3 5178

Nifty Spot-Weekly Trading Strategy

H6 5708     Trgt 2
H5 5657     Trgt 1
H4 5606     Long breakout
H3 5544     Go Short
H2 5523
H1 5502
L1 5461
L2 5440
L3 5419     Long
L4 5357     Short Breakout
L5 5306     Trgt 1
L6 5255     Trgt 2

Pre-closing Outlook(29-07-2011)

Selling between 5500-5519 and some buying between 5460-5477 seen today but intraday pattern is distribution therefore down moves possibilities are more in next week and moves confirmation range is 5460-5520.

Mid-session Outlook(29-07-2011)

Dow's Futures is trading more than 60 points down and all the European markets Futures are also more than 1% negative. All the Asian markets are also trading in Red but Indian markets out performed all the Global markets and trading positive within yesterday trading range(5475-5510).

As soon as Indian markets showed some strength then it was updated immediately after opening and again repeating that firstly sustaining beyond yesterday trading range should be watched for next moves confirmatins. As higher levels selling and lower levels buying was seen between mentioned range yesterday and Indian markets showed strength immediately after opening today therefore next moves confirmations through sustaining beyond yesterday trading range is must.

Sustaining below 5475 will be confirmation of that move which has been updated today in No Support in 154 Points Zone

Post-open Outlook(29-07-2011)

Indian markets ignored all the depressing global cues today morning and out performing as well therefore firstly yesterday trading range(5475-5510) will  give next moves confirmation.

Just watch sustaining beyond (5475-5510) for next moves confirmations.

No Support in 154 Points Zone

Technical Analysis and Research For 29-07-2011

Nifty-EOD Chart(28-Jul-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Nifty traded and closed most of the day yesterday below crucial support of 5497.
2- Last 22 sessions structure with lower top(T2) broken down yesterday.
3- Higher levels selling in intraday charts yesterday which has been updated in Nifty-Micro Analysis of Intra Day Chart For 29-07-2011.

Conclusions

Last 22 sessions structure finally proved a Bearish formations and next support range is 5252-5343. No support between 5343-5497 and 154 points fall is possible after 5497 breaking down.

Indian markets have already given breaking down of 22 sessions range and global cres also weak today morning therefore negative closing will be seen today after gap down opening and whole day Red zone trading.

Nifty-Micro Analysis of Intra Day Chart For 29-07-2011

Nifty-Intra Day Chart(28-Jul-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5492-5500
2- Buying between 5475-5485
3- Last 2 hours selling between 5492-5506

Conclusions

Nifty closed below 5497 and also selling seen near about it. As today negative zone market was result of depressed global cues therefore sustaining beyond today range(5475-5510) will be next moves confirmation but higher levels selling today therefore down moves possibilities are high.

FII Trading Data in Derivatives Segment on 28-Jul-2011

FII & DII trading activity in Capital Market Segment on 28-Jul-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 28-Jul-2011 4126.11 4061.45 64.66

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Jul-2011 1878.11 1468.77 409.34

Indian Stock Markets Closing Reports(28-Jul-2011)

Main features of today trading are as follows

1- Doji Candle Formation
2- Red closing after gap down opening.
3- All the Indices closed in Red except FMCG.

Ratios

Nifty Put Call Ratio: 0.89
Nifty P/E Ratio(28-Jul-2011) :19.86

Advances & Declines

BSE ADVANCES : 925
BSE DECLINES : 1941
NSE ADVANCES : 361
NSE DECLINES : 1071

Nifty Open Interest Changed Today

Nifty- 5400 CE(Aug)- -170250(-37.45%)
Nifty- 5400 PE(Aug)- +2917500(+39.18%)

Nifty- 5500 CE(Aug)- +1545050(+20.67%)
Nifty- 5500 PE(Aug)- -4536900(-48.32%)

Closing 

Nifty- closed at 5,487.75(-59.05 Points & -1.06%)
Sensex- closed at 18,209.52(-222.73 Points & -1.21% )
CNX MIDCAP - closed at 8,046.20(-67.95 Points & -0.84%)
BSE SMALL CAP- closed at 8,361.42(-78.69 Points & -0.93%)

Nifty Spot-Levels & Trading Strategy for 29-07-2011

Nifty Spot-Levels

R3 5544
R2 5528
R1 5507
Avg 5491
S1 5470
S2 5454
S3 5433

Nifty Spot-Trading Strategy

H6 5524     Trgt 2
H5 5515     Trgt 1
H4 5507     Long breakout
H3 5497     Go Short
H2 5493
H1 5490
L1 5483
L2 5480
L3 5476     Long
L4 5466     Short Breakout
L5 5458     Trgt 1
L6 5449     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 29-07-2011

Nifty(Aug Fut)-Levels

R3 5565
R2 5545
R1 5521
Avg 5501
S1 5477
S2 5457
S3 5433

Nifty(Aug Fut)-Trading Strategy

H6 5542     Trgt 2
H5 5532     Trgt 1
H4 5522     Long breakout
H3 5510     Go Short
H2 5506
H1 5502
L1 5493
L2 5489
L3 5485     Long
L4 5473     Short Breakout
L5 5463     Trgt 1
L6 5453     Trgt 2