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3 weeks Bull Bear Tussle with Bearish Like Formation

Technical Analysis,Research & Weekly Outlook
(Oct 15 to Oct 19,2012)
Nifty-EOD Chart (12-Oct-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- Wave-2 completion and Wave-3 beginning (4770.35 on 04-06-2012)
2- Sub Wave-1 of  Wave-3(5348.55 ON 10-07-2012)
3- Sub Wave-2 of  Wave-3(5032.40 on 26-07-2012)
4- Sub Wave-3 of  Wave-3(5448.40 on 23-08-2012)
5- Sub Wave-4 of  Wave-3(5215.70 on 05-09-2012)
6- Sub Wave-5 of Wave-3 is on and its top formation at 5815.35 on 05-10-2012
7- Correction in previous week.
8- Weekly Black Candle formation
9- MACD- Given selling signal through MACD line downward intersection of Average line. 
10- Bull Bear Tussle between 5639-5756 in last 3 weeks.
11- Head & Shoulders like formation in last 3 Months EOD Chart.

Conclusions from EOD chart analysis 

Impulsive Wave-3 continuation with 600 Nifty points strong rally in 21 sessions from 05-09-2012 to 05-10-2012 and after that its  correction followed in previous week. Nifty traded narrow between 5637-5752 in previous week and on going coorection crucial levels will be decided through Micro Analysis of previous week intraday charts:-

Nifty-Micro Analysis of 5 Sessions Intra Day Chart
(Oct 08 to Oct 12,2012)
Nifty-Intra Day Chart (Oct 08 to Oct 12,2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 5 Sessions intraday charts

1- Selling between 5720-5733
2- Supports between 5640-5646 
3- Follow up selling between 5700-5720 on 12-10-2012
4- Actual weekly trading range 5640-5733 

Conclusions from 5 Sessions intra day chart analysis 

Nifty traded sideways within 93 points in previous week with higher levels selling and lower levels buying. Firstly selling seen in the beginning of the week between 5720-5733 and after that follow up selling below this range witnessed between 5700-5720 on last Friday.

As both selling and buying in previous week therefore Indian markets are not prepared for any decisive trend and will firstly trade between previous week actual trading range(5640-5733),forceful break out or sustaining beyond this range will be next trend confirmation. 

Conclusions (After Putting All Studies Together)

Very much clear that correction is on and sideways correction seen in previous week between(5640-5733). Nifty slipped within strong support range(5639-5680) after higher levels selling. As Nifty got support at lower levels of this range therefore this support strengthened in previous week but follow up selling also seen below previous selling range(5720-5733) therefore higher levels resistance has also strengthened. 

As MACD has given selling signal through MACD line downward intersection of Average line and Indicators have also shown negative divergence therefore deeper correction possibility is turning higher but both buying and selling between 5640-5733 in previous week therefore firstly Bull-Bear fight will be seen within this range in the beginning of next week. As higher levels selling seen on the last day of previous week therefore expected that Indian markets will firstly slip in the beginning of next week.

Bull Bear Tussle between 5639-5756 in last 3 weeks with Head and Shoulder Bearish like formations on EOD Chart therefore breaking down of this range will certainly give deeper correction but final break out of previous 3 weeks actual trading range(5639-5756) should be firstly watched because that will give confirmation to following decisive moves:-

1- Above 5756 will mean rally continuation after completion of sideways correction.
2- Below 5639 will mean deeper correction after 21 sessions 600 Nifty points strong rally.

FII Trading Data in Derivatives Segment on 12-Oct-2012


FII & DII trading activity in Capital Market Segment on 12-Oct-2012



FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII12-Oct-20122292.362091.2201.16

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII12-Oct-20121172.31984.02188.29

Indian Stock Markets Closing Reports(12-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.
2- INFY Quarterly results led negative zone trading.
3- Black Candle formation.

Ratios

Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(12-Oct-2012): 17.91

Advances & Declines

BSE Advances : 1351
BSE Declines : 1539 
NSE Advances :  632
NSE Declines :  818

Nifty Open Interest Changed Today

Nifty- 5500 CE(Oct)- -96,900(-6.79%)
Nifty- 5500 PE(Oct)- 745,050(12.97%)

Nifty- 5600 CE(Oct)- 123,800(5.79%)
Nifty- 5600 PE(Oct)- -56,300(-0.80%)

Nifty- 5700 CE(Oct)- 924,600(18.82%)
Nifty- 5700 PE(Oct)- 200,600(3.78%)

Nifty- 5800 CE(Oct)- 750,900(9.03%)
Nifty- 5800 PE(Oct)- -460,250(-18.50%)

Closing 

Nifty- closed at 5,676.05(-32.00 Points & -0.56%)
Sensex- closed at 18,675.18(-129.57 Points & -0.69% )
CNX Midcap - closed at 7,921.50(5.65 Points & 0.07%)
CNX Smallcap- closed at 3,483.55(-4.50 Points & -0.13%)

Nifty Spot-Levels & Trading Strategy for 15-10-2012

Nifty Spot-Levels

R3 5780
R2 5752
R1 5714
Avg 5686
S1 5648
S2 5620
S3 5582

Nifty Spot-Trading Strategy

H6  5742    Trgt 2 
H5  5727    Trgt 1
H4  5712    Long breakout 
H3  5694    Go Short 
H2  5688
H1  5682
L1  5669
L2  5663
L3  5657    Long 
L4  5639    Short Breakout 
L5  5624    Trgt 1 
L6  5609    Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 15-10-2012

Nifty(Oct Fut)-Levels

R3 5790
R2 5766
R1 5726
Avg 5702
S1 5662
S2 5638
S3 5598

Nifty(Oct Fut)-Trading Strategy

H6 5750     Trgt 2
H5 5735     Trgt 1
H4 5721     Long breakout
H3 5703     Go Short
H2 5697
H1 5691
L1 5680
L2 5674
L3 5668     Long
L4 5650     Short Breakout
L5 5636     Trgt 1
L6 5621     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 15-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11704
R2 11641
R1 11532
Avg 11469
S1 11360
S2 11297
S3 11188

Bank Nifty(Oct Fut)-Trading Strategy

H6 11595     Trgt 2 
H5 11556     Trgt 1
H4 11517     Long breakout 
H3 11470     Go Short 
H2 11454
H1 11438
L1 11407
L2 11391
L3 11375     Long 
L4 11328     Short Breakout 
L5 11289     Trgt 1 
L6 11250     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Oct 15 to Oct 19,2012)

Nifty Spot-Weekly Levels

R3 5854
R2 5803
R1 5739
Avg 5688
S1 5624
S2 5573
S3 5509

Nifty Spot-Weekly Trading Strategy 

H6 5791     Trgt 2 
H5 5765     Trgt 1
H4 5739     Long breakout 
H3 5707     Go Short 
H2 5697
H1 5686
L1 5665
L2 5654
L3 5644     Long 
L4 5612     Short Breakout 
L5 5586     Trgt 1 
L6 5560     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 15 to Oct 19,2012)

Bank Nifty Spot-Weekly Levels

R3 11721
R2 11626
R1 11578
Avg 11483
S1 11435
S2 11340
S3 11292

Bank Nifty Spot-Weekly Trading Strategy 

H6 11675     Trgt 2 
H5 11642     Trgt 1
H4 11609     Long breakout 
H3 11570     Go Short 
H2 11557
H1 11544
L1 11517
L2 11504
L3 11491     Long 
L4 11452     Short Breakout 
L5 11419     Trgt 1 
L6 11386     Trgt 2

Pre-Closing Outlook(12-10-2012)

Although strong up moves yesterday but intraday patterns of today are showing selling patterns at higher levels therefore higher levels of today becomes resistance and until Nifty will not sustain above today highs till next up moves will not be considered and correction continuation possibility increased today.

Mid-session Outlook(12-10-2012)

Infosys disappointed markets by cutting EPS guidance and weak opening seen in Indian markets but minor up moves also after the news of 2.7% up in August IIP and Nifty tested next resistance range(5720-5733).

Positive and negave news led first 3 hours sideways market within 5680-5724 with both higher levels good selling and lower levels minor intraday support also. Bullish rally is on. All trends are up but correction started last Friday after Circuit Filter led huge volatility. Sharp recovery seen yesterday after correction in first 3 sessions of current week but higher levels selling also seen today and sustaining below 5680 will mean down moves. Following levels should be watched now:-

1- 5680-5724(First indication)
2- 5639-5733
3- 5639-5756(Final confirmation)

INFY Quarterly Results will trigger Next Trend

Nifty-Intra Day Chart (Oct 08 to Oct 11,2012):-
                                                      Just click on chart for its enlarged view
Technical Patterns and Formations in last 4 Sessions intraday charts

1- Resistance between 5720-5733
2- Whole day down moves in falling channel on 10-10-2012.
3- Intraday consolidation and Supports between 5640-5646 on 10-10-2012.
4- Sharp surge after intraday support between strong support range(5639-5680)

Conclusions from 4 Sessions intra day chart analysis 

As soon as Indian markets got supports then it was immediately updated when Indian markets were trading near the lows of the day and following line was told today at 11:58AM in Mid-session Outlook:-

"As intraday supports getting indications within this range today therefore sustaining above 5646 will be first indication of short term up moves"

Although sentiment was depressed because most global markets showed weakness but Nifty consolidated between 5640-5646 and then surged sharply more than 75 points after opening of European markets. As Indian markets showed strength and got support between strong support range(5639-5680) therefore support at 5639 has been strengthened. Importance of this levels(5639) has already been updated in following topic yesterday:-

5639 for length of on going correction

Getting support at strong support and after that sharp intraday up move are perfect indications of fresh rally but confirmations are required through sustaining above next resistance range(5720-5733) and crucial level(5756).

Expected that INFY Quarterly Results will trigger next trend tomorrow. Sustaining above 5756 will mean fresh phase of fast rally. Sustaining below 5639 will be deeper correction confirmation but before that complete intraday selling patterns are must. 

FII Trading Data in Derivatives Segment on 11-Oct-2012


FII & DII trading activity in Capital Market Segment on 11-Oct-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII11-Oct-20123429.182386.171043.01

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII11-Oct-2012987.531560.85-573.32

Indian Stock Markets Closing Reports(11-Oct-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except CNX PHARMA.
2- Closing near the highs of the day.
3- Long White candle formation.

Ratios

Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(11-Oct-2012): 17.99

Advances & Declines

BSE Advances : 1655
BSE Declines : 1181 
NSE Advances :  898
NSE Declines :  539 

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- -146,250(-6.31%)
Nifty- 5600 PE(Oct)- 843,400(13.20%)

Nifty- 5700 CE(Oct)- -250,750(-4.61%)
Nifty- 5700 PE(Oct)-  604,800(12.28%)

Nifty- 5800 CE(Oct)- 756,200(9.83%)
Nifty- 5800 PE(Oct)- 136,850(5.79%)

Closing 

Nifty- closed at 5,708.05(55.90 Points & 0.99%)
Sensex- closed at 18,804.75(173.65 Points & 0.93% )
CNX Midcap - closed at 7,915.85(101.30 Points & 1.30%)
CNX Smallcap- closed at 3,488.05(38.25 Points & 1.11%)

Nifty Spot-Levels & Trading Strategy for 12-10-2012

Nifty Spot-Levels

R3 5825
R2 5773
R1 5740
Avg 5688
S1 5655
S2 5603
S3 5570

Nifty Spot-Trading Strategy

H6 5794     Trgt 2
H5 5774     Trgt 1
H4 5754     Long breakout
H3 5731     Go Short
H2 5723
H1 5715
L1 5700
L2 5692
L3 5684     Long
L4 5661     Short Breakout
L5 5641     Trgt 1
L6 5621     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 12-10-2012

Nifty(Oct Fut)-Levels

R3 5866
R2 5807
R1 5773
Avg 5714
S1 5680
S2 5621
S3 5587

Nifty(Oct Fut)-Trading Strategy

H6  5833    Trgt 2 
H5  5811    Trgt 1
H4  5790    Long breakout 
H3  5764    Go Short 
H2  5756
H1  5747
L1  5730
L2  5721
L3  5713    Long 
L4  5687    Short Breakout 
L5  5666    Trgt 1 
L6  5644    Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 12-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11852
R2 11701
R1 11607
Avg 11456
S1 11362
S2 11211
S3 11117

Bank Nifty(Oct Fut)-Trading Strategy

H6 11762     Trgt 2
H5 11705     Trgt 1
H4 11647     Long breakout
H3 11580     Go Short
H2 11557
H1 11535
L1 11490
L2 11468
L3 11445     Long
L4 11378     Short Breakout
L5 11320     Trgt 1
L6 11263     Trgt 2

Mid-session Outlook-2(11-10-2012)

As soon as Indian markets got supports then it was immediately updated when Indian markets were trading near the lows of the day and following line was told in Mid-session Outlook:-

"As intraday supports getting indications within this range today therefore sustaining above 5646 will be first indication of short term up moves"

Short term up moves are being seen after sustaining above 5646 and Nifty is now trading above 5710 but correction completion confirmation will be after sustaining above next strong resistance.

Mid-session Outlook (11-10-2012)

Importance of 5639 has already been updated in previous Outlook yesterday and Nifty traded most time today just above it within 5640-5646. As intraday supports getting indications within this range today therefore sustaining above 5646 will be first indication of short term up moves. 

5639 for length of on going correction

Nifty-Intra Day Chart (10-Oct-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 5676-5685
2- Whole day down moves in falling channel.
3- Whole day acual trading between 5648-5685

Conclusions from intra day chart analysis

Strong support range(5639-5680) was updated in all previous outlooks and Nifty traded between this range most time today. Although minor selling seen at higher levels today but whole day down moves were in falling channel which is consolidation pattern also. As this patterns formation is within strong support range therefore correction completion possibility within this range will also be considered as well as deeper correction confirmation will be after sustaining below 5639.

As Nifty closed near the lows of the day today(5652) which is just above the lowest(5639) of strong support range therefore firstly sustaining beyond 5639 should be firstly watched tomorrow becauce it will decide the length and longevity of on going correction. 

Although US markets are trading in Red with moderate losses at this moment but its final impact on Indian markets will be finalised after watching of final closing of US markets and tomorrow Asian markets reaction on US markets of today.

FII & DII trading activity in Capital Market Segment on 10-Oct-2012


FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII10-Oct-20122079.281671.68407.6
DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII10-Oct-2012733.421129.78-396.36

Indian Stock Markets Closing Reports(10-Oct-2012)

Main features of today trading are as follows

1- All the Indices closed in Red.
2- Many Indices closed more than 1% down.
3- Long Black Candle formation.

Ratios

Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(10-Oct-2012): 17.81

Advances & Declines

BSE Advances : 974
BSE Declines : 1929
NSE Advances : 365
NSE Declines : 1110

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- 410,500(21.45%)
Nifty- 5600 PE(Oct)- 74,250(1.16%)

Nifty- 5700 CE(Oct)- 1,427,300(34.97%)
Nifty- 5700 PE(Oct)- -330,850(-6.21%)

Nifty- 5800 CE(Oct)- 491,000(6.70%)
Nifty- 5800 PE(Oct)- -141,150(-5.51%)

Closing 

Nifty- closed at 5,652.15(-52.45 Points & -0.92%)
Sensex- closed at 18,631.10(- 162.26 Points & -0.86% )
CNX Midcap - closed at 7,814.55(-120.90 Points & -1.52%)
CNX Smallcap- closed at 3,449.80(-64.60 Points & -1.84%)

Nifty Spot-Levels & Trading Strategy for 11-10-2012

Nifty Spot-Levels

R3 5715
R2 5700
R1 5676
Avg 5661
S1 5637
S2 5622
S3 5598

Nifty Spot-Trading Strategy

H6 5691     Trgt 2 
H5 5682     Trgt 1
H4 5673     Long breakout 
H3 5662     Go Short 
H2 5659
H1 5655
L1 5648
L2 5644
L3 5641     Long 
L4 5630     Short Breakout 
L5 5621     Trgt 1 
L6 5612     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2012

Nifty(Oct Fut)-Levels


R3 5743
R2 5726
R1 5699
Avg 5682
S1 5655
S2 5638
S3 5611

Nifty(Oct Fut)-Trading Strategy

H6  5716    Trgt 2
H5  5706    Trgt 1
H4  5696    Long breakout
H3  5684    Go Short
H2  5680
H1  5676
L1  5667
L2  5663
L3  5659    Long
L4  5647    Short Breakout
L5  5637    Trgt 1
L6  5627    Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11514
R2 11476
R1 11409
Avg 11371
S1 11304
S2 11266
S3 11199

Bank Nifty(Oct Fut)-Trading Strategy

H6 11447     Trgt 2 
H5 11423     Trgt 1
H4 11399     Long breakout 
H3 11370     Go Short 
H2 11361
H1 11351
L1 11332
L2 11322
L3 11313     Long 
L4 11284     Short Breakout 
L5 11260     Trgt 1 
L6 11236     Trgt 2

Pre-Closing Outlook(10-10-2012)

Today trading between already mentioned strong support range with whole day down moves in falling channel after higher levels selling. Although Falling Channel is a form consolidation formation but Correction continuation and higher levels selling also today therefore until down moves will not stop and complete consolidation will not be seen till then next rally will not be considered.

Next moves confirmation range after today trading is 5639-5756

Mid-session Outlook-2 (10-10-2012)

Following lines were told yesterday in Technical Analysis and Market Outlook(10-10-2012):-

"sentiment may be weak tomorrow morning and trading is possible within next strong support range(5639-5680)"

Nifty traded first 4 hours between 5658-5686 today and above mentioned strong support range does not broken down despite weaker all global markets. Correction continuation with whole day negative zone trading today but both lower levels supports and higher levels selling seen today.

As selling again seen today also therefore correction continuation and its completion possibility will be considered after complete consolidation formations and supports getting confirmations. 

Technical Analysis and Market Outlook(10-10-2012)

Nifty-Intra Day Chart (Oct 08 & Oct 09,2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 5720-5733 on 08-10-2012.
2- Selling between  5718-5728 on 09-10-2012.
3- Supports between 5678-5695 on 09-10-2012.
4- Last 2 sessions trading between 5668-5733

Conclusions from 2 Sessions intra day chart analysis 

As 21 sessions 600 Nifty points strong rally from 05-09-2012 to 05-10-2012 therefore correction was required and it was seen from last Friday. Intraday selling seen at higher levels in both sessions of this week but lower levels intraday support was also seen  on 09-10-2012.

Nifty retraced upto 5668 in on going correction and slipping below it as well as trading  possibility between next strong support range(5639-5680)also can not be ruled out because higher levels selling in both previous sessions.

If sentiment does ont remain boiling then expected that Nifty will firstly trade between within last 2 sessions range(5668-5733). US markets are now 0.56% to 1.40% down at this moment therefore sentiment may be weak tomorrow morning and trading is possible within next strong support range(5639-5680). Sustaining below 5639 will be deeper correction confirmation and rally beginning confirmation after correction completion will be after sustaining above 5733/ 5756.

FII & DII trading activity in Capital Market Segment on 09-Oct-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII09-Oct-20122327.011713.03613.98

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII09-Oct-2012697.691128.29-430.6

Indian Stock Markets Closing Reports(09-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Most Indiced with marginal gains while CNX FMCG and CNX PHARMA closed more than 1% up.
3- Doji Candle formation on EOD Charts.

Ratios

Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(09-Oct-2012): 17.98

Advances & Declines

BSE Advances : 1537
BSE Declines : 1343
NSE Advances :  807
NSE Declines :  648

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- 74,000(4.02%)
Nifty- 5600 PE(Oct)- 328,150 (5.38%)

Nifty- 5700 CE(Oct)- -74,550(-1.79%)
Nifty- 5700 PE(Oct)-  298,900(5.94%)

Nifty- 5800 CE(Oct)- 317,850 (4.54%)
Nifty- 5800 PE(Oct)- 21,150(0.83%)

Nifty- 5900 CE(Oct)- 453,150(7.02%)
Nifty- 5900 PE(Oct)- -27,950(-3.06%)

Closing 

Nifty- closed at 5,704.60(28.60 Points & 0.50%)
Sensex- closed at 18,793.36( 84.38 Points & 0.45% )
CNX Midcap - closed at 7,935.45(49.55 Points & 0.63%)
CNX Smallcap- closed at 3,514.40(15.20 Points & 0.43%)

Nifty Spot-Levels & Trading Strategy for 10-10-2012

Nifty Spot-Levels

R3 5780
R2 5754
R1 5729
Avg 5703
S1 5678
S2 5652
S3 5627

Nifty Spot-Trading Strategy

H6 5755     Trgt 2
H5 5743     Trgt 1
H4 5732     Long breakout
H3 5718     Go Short
H2 5713
H1 5708
L1 5699
L2 5694
L3 5689     Long
L4 5675     Short Breakout
L5 5664     Trgt 1
L6 5652     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 10-10-2012

Nifty(Oct Fut)-Levels

R3 5814
R2 5785
R1 5754
Avg 5725
S1 5694
S2 5665
S3 5634

Nifty(Oct Fut)-Trading Strategy

H6 5783     Trgt 2
H5 5769     Trgt 1
H4 5756     Long breakout
H3 5739     Go Short
H2 5734
H1 5728
L1 5717
L2 5712
L3 5706     Long
L4 5690     Short Breakout
L5 5676     Trgt 1
L6 5662     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 10-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11902
R2 11791
R1 11644
Avg 11533
S1 11386
S2 11275
S3 11128

Bank Nifty(Oct Fut)-Trading Strategy

H6 11756     Trgt 2
H5 11697     Trgt 1
H4 11638     Long breakout
H3 11567     Go Short
H2 11544
H1 11520
L1 11473
L2 11449
L3 11426     Long
L4 11355     Short Breakout
L5 11296     Trgt 1
L6 11237     Trgt 2

Pre-Closing Outlook(09-10-2012)

Nifty slipped below 5707 but got minor supports also at lower levels between 5678-5685 and again trading near about 5707 . As intraday charts are showing selling formations also between 5718-5728 therefore firstly sustaining above 5678 and then 5728/5733 is must for next up moves.

Whole day sideways trading between 5678-5728 today with both minor selling at higher levels and lower levels supports also. As both intraday trading positions within this range therefore Nifty will firstly trade and prepare for next moves within this range tomorrow,sustaining beyond this range will be strong indication of correction continuation or completion.

Mid-session Outlook(09-10-2012)

24 Points sideways trading and preparation for next moves between 4703-4727 since after positive opening today. Nifty is now trading near intra day lows at 5707 and sustaining it below will be first indication of correction continuation as well as should be firstly watched at this moment.

Post-open Outlook(09-10-2012)

Nifty is trading within immediate resistance range(5720-5733) after positive opening and crossing  crossing above 5733 will be first indication of rally continuation after correction completion while confirmation will be after sustaining above 5756.

Sustaining below 5707 will be first indication of correction continuation while deeper correction confirmation will be after sustaining below 5680.

Pre-open Outlook(09-10-2012)

Although some Asian markets are flat but Hangsang and Shanghai Composite are more than 1% up therefore sentiment turned good today morning and resultant Indian markets will open positive and Nifty will trade between following 2 support and resistance ranges today and in the coming sessions as well as prepare for next direction:-

1- Support range- 5639-5680
2- Resistance range- 5720-5756

Technical Analysis and Market Outlook(09-10-2012)

Nifty-Intra Day Chart (08-Oct-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 5720-5733.
2- Whole day acual trading between 5668-5733

Conclusions from intra day chart analysis 

Firstly more than 3 hours side ways trading between 5715-5733 with intraday selling patterns between 5720-5733 and after that beginning of slow down moves. Nifty got supports between 5707-5730 last Friday and firstly intraday selling between this range before breaking down of next suppport at 5707.

As follow up selliing seen  below 5707 also therefore expected that Nifty will sustain below it and last Friday begun correction will remain continued.

Next strong supports are between 5639-5680 and Nifty traded last 23 minutes within this range. As follow up selling seen above this range therefore expected that Nifty will again trade near about this range finally sustaining beyond this range will give on going correction continuation/completion confirmations.

FII Trading Data in Derivatives Segment on 08-Oct-2012


FII & DII trading activity in Capital Market Segment on 08-Oct-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII08-Oct-20122979.062415.22563.84

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII08-Oct-2012820.421599.03-778.61

Indian Stock Markets Closing Reports(08-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red at the lowest of the day.
2- All the Indices closed in Red except CNX PHARMA.
3- Black Candle Formation.

Ratios

Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(08-Oct-2012): 17.94

Advances & Declines

BSE Advances : 1344
BSE Declines : 1562
NSE Advances :  628
NSE Declines :  825

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- 138,400(8.14%)
Nifty- 5600 PE(Oct)- 653,750(12.01%)

Nifty- 5700 CE(Oct)- 708,800(20.56%)
Nifty- 5700 PE(Oct)- -444,450(-8.12%)

Nifty- 5800 CE(Oct)- 552,600(8.56%)
Nifty- 5800 PE(Oct)- -356,600(-12.31%)

Nifty- 5900 CE(Oct)- 568,500(9.65%)
Nifty- 5900 PE(Oct)- -94,650(-9.40%)

Closing 

Nifty- closed at 5,676.00(-70.95 Points & -1.23%)
Sensex- closed at 18,708.98(-229.48 Points & -1.21% )
CNX Midcap - closed at 7,885.90(-48.50 Points & -0.61%)
CNX Smallcap- closed at 3,499.20(-11.75 Points & -0.33%)

Nifty Spot-Levels & Trading Strategy for 09-10-2012

Nifty Spot-Levels

R3 5814
R2 5782
R1 5729
Avg 5697
S1 5644
S2 5612
S3 5559

Nifty Spot-Trading Strategy

H6 5761     Trgt 2
H5 5741     Trgt 1
H4 5722     Long breakout
H3 5699     Go Short
H2 5691
H1 5683
L1 5668
L2 5660
L3 5652     Long
L4 5629     Short Breakout
L5 5610     Trgt 1
L6 5590     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 09-10-2012

Nifty(Oct Fut)-Levels

R3 5833
R2 5804
R1 5752
Avg 5723
S1 5671
S2 5642
S3 5590

Nifty(Oct Fut)-Trading Strategy

H6 5782     Trgt 2
H5 5763     Trgt 1
H4 5745     Long breakout
H3 5723     Go Short
H2 5715
H1 5708
L1 5693
L2 5686
L3 5678     Long
L4 5656     Short Breakout
L5 5638     Trgt 1
L6 5619     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 09-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11715
R2 11649
R1 11532
Avg 11466
S1 11349
S2 11283
S3 11166

Bank Nifty(Oct Fut)-Trading Strategy

H6 11598     Trgt 2
H5 11556     Trgt 1
H4 11515     Long breakout
H3 11465     Go Short
H2 11448
H1 11431
L1 11398
L2 11381
L3 11364     Long
L4 11314     Short Breakout
L5 11273     Trgt 1
L6 11231     Trgt 2

Pre-Closing Outlook(08-10-2012)

First 3 hours negative zone side ways trading between 5715-5730 with intraday selling patterns between 5721-5730 and slow slipping below last Friday intraday support(5707) after opening of European markets.

As selliing below 5707 also seen therefore expected that Nifty will sustain below it and last Friday begun correction will remain continued.

Post-open Outlook(08-10-2012)


As all the Asian markets are in Red and sentiment is weak today morning therefore weaker opening seen in Indian markets and Nifty traded most time between last Friday supports(5707-5730) and today achual trading range is 5720-5733.

Next moves first indication will be from sustaining beyond 5707-5733 with following possibilities:-

1- Sustaining below 5707 will mean high possibility of deeper correction beginning. 
2- Firstly sustaining above 5733 and after that sustaining above 5756 will mean on going rally continuation after narrow range correction completion.