WHAT IS HAPPENING IN NIFTY SPOT........30 APRIL 2012

WE SAW HOW NIFTY CAME ON UP SIDE ON SPECIAL TRADING SESSION CONDUCTED BY NSE ON SATURDAY, 28 APRIL 2012 CLOSE +18.40 POINTS UP, +0.35% UP. ANOTHER THING WE SAW IN SPECIAL TRADING SESSION THAT IS INDEX WAS TRADING IN DISCOUNT IN EARLIER TRADING SESSIONS BUT IT GOT PREMIUIM IN SPECIAL TRADING SESSION.


NOW LET'S COME ON SOME MAGICAL ANALYSIS :-


ON LOW BASIS :-

 NIFTY SPOT CHART ON LAST 6 MONTHS SERIES LOW BASIS FROM NOV 2011 TO APRIL 2012

AFTER ANALYZING THE CHART IT IS CLEAR THAT STABILITY IN NIFTY SPOT CAN BE SEEN FROM 4639.10 TO 4588.05 FROM NOV 2011 TO JAN 2012 ON SERIES LOW BASIS, AND AFTER THIS STABILITY A SUDDEN JUMPED SAW IN THE MARKET TO 5159. NOW AGAIN SAME STABILITY IN THE NIFTY SPOT CAN BE SEEN FROM 5159 TO 5154.30 FROM FEB 2012 TO APRIL 2012 ON SERIES LOW BASIS. MEANS NIFTY SPOT IS PREPARING FOR ITS SELF FOR AGAIN SUDDEN JUMP.

NIFTY SPOT NOV 11 SERIES LOW @ 4639.10
NIFTY SPOT DEC 11 SERIES LOW @ 4531.15
NIFTY SPOT JAN 12 SERIES LOW @ 4588.05
NIFTY SPOT FEB 12 SERIES LOW @ 5159
NIFTY SPOT MARCH 12 SERIES LOW @ 5135.95
NIFTY SPOT APRIL 12 SERIES LOW @ 5154.30


NIFTY SPOT 200 DAYS MOVING AVERAGE @ 5125.14


THE AVERAGE LOW OF NIFTY SPOT OF ALL THREE SERIES IS @ 5149.75 WHICH IS BELOW THE 200 DAYS MOVING AVERAGE @ 5125.14, MEANS TO SAY FROM LAST THREE SERIES (FEB 2012 TO APRIL 2012) NIFTY SPOT HAS FAILED TO BREACH THE  200 DAYS MOVING AVERAGE . 

ANOTHER THING IS THAT FROM 1ST THREE SERIES FROM NOV 11 TO JAN 12 NIFTY SPOT SERIES LOW BETWEEN 4500 TO 4650 AND 2ND THREE MONTHS BETWEEN 5100 - 5160. SO EARLIER IT WAS TAKING SUPPORT AROUND @ 4500 - 4650 AND NOW TAKING SUPPORT AROUND @ 5100 - 5160.

ON HIGH BASIS :- 

NIFTY SPOT CHART ON LAST 6 MONTHS SERIES HIGH BASIS FROM NOV 2011 TO APRIL 2012

AFTER ANALYZING THE CHART IT IS CLEAR THAT TWO BULLISH FLAG IS SEEING 1ST IS 5326.45 TO 5100 AND AFTER MAKING THE 1ST BULLISH FLAG WE SAW NEW HIGH @ ABOVE 5600 IN FEB 2012 SERIES AND AGAIN 2ND BULLISH FLAG HAS MADE FROM 5629.95 TO 5378.75, NOW LOOKING FOR AGAIN NEW HIGH ON SERIES HIGH BASIS.
 

NIFTY SPOT NOV 11 SERIES HIGH @ 5326.45
NIFTY SPOT DEC 11 SERIES HIGH @ 5099.25
NIFTY SPOT JAN 12 SERIES HIGH @ 5217
NIFTY SPOT FEB 12 SERIES HIGH @ 5629.95
NIFTY SPOT MARCH 12 SERIES HIGH @ 5499.40
NIFTY SPOT APRIL 12 HIGH @ 5378.75


NIFTY SPOT 50 DAYS MOVING AVERAGE @ 5311.23


THE AVERAGE HIGH OF NIFTY SPOT OF ALL THE SERIES @ 5358.46 WHICH IS ABOVE THE 50 DAYS MOVING AVERAGE.


ANOTHER THING IS THAT IN NOV 11 SERIES HIGH @ 5326.45 AND APRIL 12 SERIES HIGH @ 5378.75. MEANS WE TOUCHED THE LAST 6 MONTHS NOV 11 SERIES HIGH AGAIN. 


NOW LET'S COME SOME OTHER MAGICAL ASPECT OF ANALYSIS :-


FOR THIS TYPE OF ANALYSIS WE NEED THE THREE DATA.


1ST SERIES HIGH, 2ND SERIES LOW, 3RD SERIES CLOSE.


1ST STEP :- SERIES HIGH, LOW, AND CLOSE OF NIFTY SPOT OF LAST 6 MONTHS FROM NOV 2011 TO APRIL 2012 :-

	Nov-11	Dec-11	Jan-12	Feb-12	Mar-12	Apr-12
HIGH	5326.45	5099.25	5217.00	5629.95	5499.40	5378.75
LOW	4639.10	4531.15	4588.05	5159.00	5135.95	5154.30
CLOSE	4832.05	4624.30	5199.25	5385.20	5295.55	5209.00

2ND STEP :- NOW TAKE THE AVERAGE OF HIGH & LOW OF EACH MONTH :-

AVERAGE OF EACH MONTH ON THE BASIS OF HIGH & LOW OF EACH MONTH
	Nov-11	Dec-11	Jan-12	Feb-12	Mar-12	Apr-12
AVERAGE	4982.7	4815.2	4902.5	5394.47	5317.67	5266.52

3RD STEP :- COMPARE THE AVERAGE & HIGH OF NEXT MONTH :-

COMPARISON OF AVERAGE & HIGH OF OF THE NEXT EACH MONTH FROM NOV 2011 TO APRIL 2012
	Nov-11	Dec-11 High	Dec-11	Jan-12 High	Jan-12	Feb-12 High	Feb-12	Mar-12 High	Mar-12	April-12 High	Apr-12	May-12 High
AVERAGE	4982.7	5099.25	4815.2	5217	4902.5	5629.95	5394.47	5499.4	5317.67	5378.75	5266.52	Above @ 5266.52

AFTER COMPARISON OF AVERAGE & HIGH OF EACH NEXT MONTH , IT IS CLEAR THAT THE HIGH OF EACH NEXT MONTH IS GREATER THAN THE AVERAGE. SO, APRIL 2012 AVERAGE IS 5266.52 MEANS HIGH OF MAY 2012 SERIES WILL BE GREATER THAN THE AVERAGE WHICH IS @ 5266.52, NOW NIFTY SPOT CMP @ 5209, SO THERE IS 100% OPPORTUNITY TO GRAB REMAINING +57.52 POINTS.


ANOTHER THING IS THAT WHICH CAN'T BE IGNORE THAT WHATEVER BE LOW OF THE EACH NEXT MONTH BUT HIGH IS ALWAYS GREATER THAN AVERAGE.


SO, HERE IS GOOD OPPORTUNITY TO BET ON UP SIDE WITH KEEPING STOP LOSS @ 5130 ON NIFTY SPOT BASIS ON SERIES BASIS.