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Bullish Flag formation confirming strong Wave-5 Rally

Technical Analysis,Research & Weekly Outlook
(Nov26 to Nov 30,2012)
Nifty-EOD Chart (23-Nov-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion)
2- Wave-1(5629.95 on 22-02-2012)
3- Wave-2(4770.35 on 04-06-2012)
4- Wave-3(5815.35 on 05-10-2012)
5- Bullish Flag formation in last 41 sessions Wave-4 correction between 5549-5815

Conclusions from EOD chart analysis 

Wave-3 gained 1045 points in 87 sessions and Wave-4 corrected 266 points(25.4%) in 41 sessions(47.1%). Financial markets corrects both time wise and value wise and has sufficiently corrected time wise but value wise correction is small.

Although Wave-4 corrected only 25.4% but time wise sufficient correction of 47.1%. As strong Bullish markets does not slip too much during correction and possibility of impulsive Wave-5 rally is very much alive after time wise correction completion. As corrective Wave-4 is on with Bullish Flag formation therefore strong rally above 5815 can not be ruled out after on going correction completion.

Nifty-EOD Chart (23-Nov-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- Wave-2 correction completion at 4770.35 on 04-06-2012 and Wave-3 beginning.
2- Wave 3 top formation at 5815.35 on 05-10-2012 and Wave-4 correction continuation for the last 41 sessions.
3- Firstly Wave-4 sideways correction with 24 sessions most time trading between 5639-5733.
4- 1st Break down of sideways trading range after RBI Credit policy on 30-10-2012 and new sideways range low formation at 5583.05 on 31-10-2012.
5- 1st Break out of sideways trading range after  Obama victory in US Predential Elections on 07-11-2012 and new sideways range high formation at 5777.30 on 07-11-2012.
6- 2nd Break down of sideways trading range after Indian Rupee weakening and sharp fall of European markets on 16-11-2012 and new sideways range low formation at 5548.35 on 20-11-2012.

Conclusions from EOD chart analysis 

Firstly sideways trading range(5639-5733) formation and after that its 2 times negative news based without force break down and in the same manner once without force break out also after positive news,resultant Wave-4 correction with Bullish Flag formation.

As corrective Wave-4 is on with Bullish Flag formation therefore strong rally above 5815 can not be ruled out after on going correction completion.

Nifty-Intra Day Chart (Nov 15 to Nov 23,2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 7 Sessions intraday charts

1- Good consolidations between 5549-5606 in 4 sessions of previous week.
2- Minor selling between 5620-5650.
3- Break down of sideways trading range(5583-5777) after Indian Rupee weakening and sudden sharp fall of European markets on 16-11-2012
5- Previous 7 sessions trading between 5549-5650.

Conclusions from 7 Sessions intra day chart analysis 

8 Points gap down on 15-11-2012 and after that new sideways trading range low formation at 5548.35 on 20-11-2012 but good lower levels consolidations between 5549-5606 in 4 sessions of previous week. Although minor selling at higher levels but lower levels good consolidation also therefore up moves are expected. As selling between 5620-5650 also therefore follow up consolidation is also required for sustaining above 5650.

Nifty-Intra Day Chart (23-Nov-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Down moves from 11:00AM after Parliament adjournment on FDI despite first hour consolidation.
2- Consolidation between 5594-5606.
3- Whole day consolidation pattern formations.
4- Whole day actual trading between 5594-5636.

Conclusions from intra day chart analysis 

As whole day intraday consolidation patterns and lower levels supports also after negative news Parliament adjournment on FDI therefore up moves are expected in the beginning of next week.

Conclusions (After Putting All Studies Together)

As on going Wave-4 correction completion possibility after time wise correction completion therefore it is also possible that Wave-4 may not show deeper correction. Bullish Flag formation developed also in last 41 sessions correction and strong Wave-5 rally will be seen after on going Wave-4 correction completion.

Immediate supports are as follows:-

1- 5581-5606.
2- 5549-5566. 

As good intraday consolidation seen last Friday therefore expected that firstly up moves will be seen in the beginning of next week and Nifty will counter following next resistances:-

1- 5620-5650(Immediate resistance)
2- 5652-5660(Gap created on 15-11-2012) 
3- 5672-5705.
4- 5700-5720/5733/5777/5815(Multiple Resistances)

As multiple resistances above last Friday closing(5,626.60) therefore market require complete consolidation for any up move and will take its own complete time to cross and sustain above Wave-3 top(5815) but Bullish Flag formation in last 41 sessions Wave-4 correction therefore finally Wave-5 strong and blasting up moves will be seen without much deeper correction. 

FII & DII trading activity in Capital Market Segment on 23-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII23-Nov-20121736.161369.79366.37

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII23-Nov-2012532.64716.91-184.27

Indian Stock Markets Closing Reports(23-Nov-2012)

Main features of today trading are as follows

1- Benchmark Indices flat.
2- All the Indices closed with marginal gains or loss.
3- Bullish Hammer Candle formation.

Ratios

Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(23-Nov-2012): 17.60

Advances & Declines

BSE Advances : 1,291
BSE Declines : 1,522
NSE Advances :   624
NSE Declines :   790

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -52,150(-3.31%)
Nifty- 5400 PE(Nov)- -45,500(-0.62%)

Nifty- 5500 CE(Nov)- -165,150(-10.21%)
Nifty- 5500 PE(Nov)- -518,650(-5.67%)

Nifty- 5600 CE(Nov)- -96,350(-1.99%)
Nifty- 5600 PE(Nov)- -589,100(-7.16%)

Nifty- 5700 CE(Nov)-  973,500(12.01%)
Nifty- 5700 PE(Nov)- -278,500(-7.04%)

Closing 

Sensex- closed at 18,506.57(-10.77 Points & -0.06%)
Nifty- closed at 5,626.60(-1.15 Points & -0.02%)
CNX Midcap - closed at 7,787.25(1.80 Points & 0.02%)
CNX Smallcap- closed at 3,492.05(9.30 Points & 0.27%)

Nifty Spot-Levels & Trading Strategy for 26-11-2012

Nifty Spot-Levels

R3 5688
R2 5662
R1 5644
PIVOT 5618
S1 5600
S2 5574
S3 5556

Nifty Spot-Trading Strategy

H6 5670     Trgt 2 
H5 5660     Trgt 1
H4 5650     Long breakout 
H3 5638     Go Short 
H2 5634
H1 5630
L1 5621
L2 5617
L3 5613     Long 
L4 5601     Short Breakout 
L5 5591     Trgt 1 
L6 5581     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 26-11-2012

Nifty(Nov Fut)-Levels

R3 5704
R2 5675
R1 5654
PIVOT 5625
S1 5604
S2 5575
S3 5554

Nifty(Nov Fut)-Trading Strategy

H6 5683     Trgt 2 
H5 5671     Trgt 1
H4 5660     Long breakout 
H3 5646     Go Short 
H2 5642
H1 5637
L1 5628
L2 5623
L3 5619     Long 
L4 5605     Short Breakout 
L5 5594     Trgt 1 
L6 5582     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 26-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11734
R2 11657
R1 11576
PIVOT 11499
S1 11418
S2 11341
S3 11260

Bank Nifty(Nov Fut)-Trading Strategy

H6 11655     Trgt 2 
H5 11618     Trgt 1
H4 11582     Long breakout 
H3 11539     Go Short 
H2 11524
H1 11510
L1 11481
L2 11467
L3 11452     Long 
L4 11409     Short Breakout 
L5 11373     Trgt 1 
L6 11336     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Nov26 to Nov 30,2012)

Nifty Spot-Weekly Levels

R3 5758
R2 5700
R1 5663
PIVOT 5605
S1 5568
S2 5510
S3 5473

Nifty Spot-Weekly Trading Strategy 

H6 5722     Trgt 2 
H5 5700     Trgt 1
H4 5678     Long breakout 
H3 5652     Go Short 
H2 5643
H1 5634
L1 5617
L2 5608
L3 5599     Long 
L4 5573     Short Breakout 
L5 5551     Trgt 1 
L6 5529     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov26 to Nov 30,2012)

Bank Nifty Spot-Weekly Levels

R3 11927
R2 11749
R1 11612
PIVOT 11434
S1 11297
S2 11119
S3 10982

Bank Nifty Spot-Weekly Trading Strategy 

H6 11796     Trgt 2
H5 11722     Trgt 1
H4 11648     Long breakout
H3 11561     Go Short
H2 11532
H1 11503
L1 11446
L2 11417
L3 11388     Long
L4 11301     Short Breakout
L5 11227     Trgt 1
L6 11153     Trgt 2

Pre-Closing Outlook(23-11-2012)

As negative news of Parliament adjournment after uproar on FDI therefore slipping below resistance range(5620-5650) and getting support also within immediate next support range(5581-5602). Today down moves are negative news based and without selling patterns therefore breaking down of next support(5581) is must for next down trend confirmation.

1st hour trading between 5621-5633 with intraday consolidation patterns today and this trading range is within next resistance range(5620-5650) therefore next up moves strong indication will be above 5650.

Tight range bound market with immediate supports(5581-5602) and resistances(5620-5650) therefore until 5581-5650 will not decisively break till then next Short Term Trend will not be considered.

Mid-session Outlook-3(23-11-2012)

As both houses of Parliament adjourned after uproar and sentiment weakened therefore down moves seen immediately after adjournment announcement. Nifty got support above 5609 yesterday therefore it was next support and Nifty is trading just below it for the last 1 hour.

Technical positions reverses according to news flow therefore more down moves and testing of supports below 5600 can not be ruled.

Mid-session Outlook-2(23-11-2012)

Lok Sabha adjourned till Monday after uproar and sentiment dampened therefore Indian markets also slipped from intraday higher levels. Consolidation was seen between 5609-5619 yesterday and breaking it down will mean failure to cross resistance and will be fresh down moves confirmation

Mid-session Outlook(23-11-2012)

Nifty traded 1st hour between 5621-5633 with intraday consolidation patterns today and it is first signal of next up moves also. As next short term up moves confirmation will be after break out of present trading resistance range(5620-5650) therefore its break out has to be firstly watched.

Post-open Outlook(23-11-2012)

Consolidation patterns formations in first hour today.

Pre-open Outlook(23-11-2012)

All the Asian markets are positive with marginal gains therefore sentiment is  quiet today morning. As lower levels supports and higher levels mixed patterns were seen within next resistance range(5620-5650) yesterday therefore Indian markets are not prepared for any side decisive moves and will firstly trade within this range after flat to positive opening today.

Tight range bound market with immediate supports and resistances therefore next moves can be decided after watching of day to day intraday moves and valid break out of any crucial range.Let follow up buying/selling develop and break out of mentioned resistance range happen then strength of Indian markets will be clear because that will be strengthening or weakening  of resistances also.

Detailed analysis has already been updated in following topic yesterday:-

Technical Analysis and Market Outlook(23-11-2012)

Nifty-Intra Day Chart (22-Nov-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Firstly down moves in falling Channel.
2- Consolidation between 5609-5619
3- Mixed Patterns between 632-5642
4- Whole day actual trading between 5609-5642

Conclusions from intra day chart analysis 

Nifty traded most time between next resistance range(5620-5650) with intraday consolidation patterns as well as got support also below it today but last more than 1 hour intraday mixed patterns at higher levels therefore follow up consolidation is required for crossing of resistance range(above 5650).

Nifty traded more than 5 hours above 5583 yesterday and today also whole day trading above it therefore sideways market has been extended into 40 sessions within 5549-5815. Supports and resistances between 40 sessions range are as follows:-

1- Supports between 5549-5566.
2- Supports between 5581-5602. 
3- Resistances between 5620-5650.
4- Resistances between 5672-5705.
5- Multiple Resistances between 5700-5720/5733/5777/5815

Sufficient and almost equally strong supports and resistances between 40 sessions range(5549-5815). Coming sessions will witness trading within this range and it is confirm that huge more than 10% moves will be seen after sustaining beyond this range. Let Nifty sustain beyond 5549-5815 then next trending moves should be considered and until Nifty is trading within this range till then targets should remain within this range and above mentioned next supports/resistances should also be kept in mind.

Today lower levels confirm consolidation but market is not mature for any side break out. Follow up buying and crossing of next resistances is also required for any decisive up move.

FII Trading Data in Derivatives Segment on 22-Nov-2012


FII & DII trading activity in Capital Market Segment on 22-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII22-Nov-20121577.551462.79114.76

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII22-Nov-2012674.13838.13-164

Indian Stock Markets Closing Reports(22-Nov-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green with marginal gains.
2- All the Indices closed in Green except CNX AUTO,CNX ENERGY and CNX PSE.
3- Doji Candle formation.

Ratios

Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(22-Nov-2012): 17.61

Advances & Declines

BSE Advances : 1,424
BSE Declines : 1,412 
NSE Advances :   880
NSE Declines :   795 

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -8,750(-0.55%) 
Nifty- 5400 PE(Nov)- -728,200(-9.05%)

Nifty- 5500 CE(Nov)- -139,550(-7.94%)
Nifty- 5500 PE(Nov)-  431,700(4.95%)

Nifty- 5600 CE(Nov)- -108,700(-2.19%)
Nifty- 5600 PE(Nov)-  1,179,750(16.75%)

Nifty- 5700 CE(Nov)- -32,450(-0.40%)
Nifty- 5700 PE(Nov)-  491,700(14.20%)

Closing 

Sensex- closed at 18,517.34(56.96 Points & 0.31%)
Nifty- closed at  5,627.75(12.95 Points & 0.23%)
CNX Midcap - closed at 7,785.45(28.80 Points & 0.37%)
CNX Smallcap- closed at 3,482.75(12.40 Points & 0.36%)

Nifty Spot-Levels & Trading Strategy for 23-11-2012

Nifty Spot-Levels

R3 5679
R2 5661
R1 5644
Avg 5626
S1 5609
S2 5591
S3 5574

Nifty Spot-Trading Strategy

H6 5662     Trgt 2 
H5 5654     Trgt 1
H4 5646     Long breakout 
H3 5636     Go Short 
H2 5633
H1 5630
L1 5623
L2 5620
L3 5617     Long 
L4 5607     Short Breakout 
L5 5599     Trgt 1 
L6 5591     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 23-11-2012

Nifty(Nov Fut)-Levels

R3 5703
R2 5680
R1 5660
Avg 5637
S1 5617
S2 5594
S3 5574

Nifty(Nov Fut)-Trading Strategy

H6 5683     Trgt 2 
H5 5673     Trgt 1
H4 5663     Long breakout 
H3 5651     Go Short 
H2 5647
H1 5643
L1 5636
L2 5632
L3 5628     Long 
L4 5616     Short Breakout 
L5 5606     Trgt 1 
L6 5596     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 23-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11697
R2 11648
R1 11597
Avg 11548
S1 11497
S2 11448
S3 11397

Bank Nifty(Nov Fut)-Trading Strategy

H6 11647     Trgt 2
H5 11624     Trgt 1
H4 11602     Long breakout
H3 11574     Go Short
H2 11565
H1 11556
L1 11537
L2 11528
L3 11519     Long
L4 11492     Short Breakout
L5 11469     Trgt 1
L6 11446     Trgt 2

Mid-session Outlook(22-11-2012)

Nifty traded more than 5 hours above 5583 yesterday and today also more than 2 hours trading above it therefore Sideways market has been extended into 40 sesion within 5549-5815. Supports and resistances between 40 sessions range are as follows:-

1- Supports between 5581-5602.
2- Supports between 5549-5566. 
3- Resistances between 5620-5650.
4- Resistances between 5672-5705.
5- Multiple Resistances between 5700-5720/5733/5777/5815

As previous 3 sessions consolidation therefore positive moves were expected and were seen also today but trading is between immediate next resistance range(5620-5650) and market slipped from intraday higher levels. As today intraday charts are showing consolidation indication therefore today down moves may be a part of intraday consolidation within resistance range and up moves continuation hopes are alive but break out of mentioned resistance range(5620-5650) should be firstly watched to understand strength of ongoing short term up move.

Technical Analysis and Market Outlook(22-11-2012)

Nifty-Intra Day Chart (21-Nov-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Consolidation between 5581-5602
2- Whole day actual trading between 5560-5620

Conclusions from intra day chart analysis

36 Sessions trading range(5583-5815) broken down on 16-11-2012 but its validity confirmation was required through sustaining below 5583. As moves below 5583 were not forceful therefore follow up selling below it was must but Indian markets got supports and consolidated on 19-11-2012. As soon as Indian markets got support and started consolidation then it was updated on 19-11-2012 and following lines were told:-

1- In Mid-session Outlook:- "emergence of consolidation paterns formations and expectation of small up moves from here"
2- In Pre-Closing Outlook:- "Although Nifty traded most time in negative zone and now trading also near today lower levels but with intraday consolidation patterns formations therefore up moves expectations are alive"

Resultant up moves with intraday consolidation between 5581-5602 and closing above 5583 was seen yesterday as well as broken down on 16-11-2012 proved false. Indian markets are not trending and sideways for the last 2 months therefore now up moves will be seen within mentioned 36 Sessions trading range. As multiple and strong resistances therefore upmoves will be slow and after complete consolidation.

FII Trading Data in Derivatives Segment on 21-Nov-2012


FII & DII trading activity in Capital Market Segment on 21-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII21-Nov-20122070.571887.98182.59

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII21-Nov-2012756.42889.5-133.08

Indian Stock Markets Closing Reports(21-Nov-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except CNX AUTO and CNX PSE.
2- Whole day up moves after almost flat opening.
3- White Candle formation.

Ratios

Nifty Put Call Ratio: 1.05
Nifty P/E Ratio(21-Nov-2012): 17.56

Advances & Declines

BSE Advances : 1,478
BSE Declines : 1,381
NSE Advances :   845
NSE Declines :   818

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -17,800(-1.11%)
Nifty- 5400 PE(Nov)-  529,300(7.04%)

Nifty- 5500 CE(Nov)- -9,500(-0.54%)
Nifty- 5500 PE(Nov)-  1,725,100(24.66%)

Nifty- 5600 CE(Nov)- -481,950(-8.85%)
Nifty- 5600 PE(Nov)-  1,255,900(21.69%)

Nifty- 5700 CE(Nov)- -127,050(-1.54%)
Nifty- 5700 PE(Nov)- -41,200(-1.18%)

Closing 

Sensex- closed at 18,460.38(131.06 Points & 0.72%)
Nifty- closed at 5,614.80(43.25 Points & 0.78%)
CNX Midcap - closed at 7,756.65(42.85 Points & 0.56%)
CNX Smallcap- closed at 3,470.35(15.55 Points & 0.45%)

Nifty Spot-Levels & Trading Strategy for 22-11-2012

Nifty Spot-Levels

R3 5694
R2 5657
R1 5635
Avg 5598
S1 5576
S2 5539
S3 5517

Nifty Spot-Trading Strategy

H6 5673     Trgt 2
H5 5660     Trgt 1
H4 5646     Long breakout
H3 5630     Go Short
H2 5624
H1 5619
L1 5608
L2 5603
L3 5597     Long
L4 5581     Short Breakout
L5 5568     Trgt 1
L6 5554     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 22-11-2012

Nifty(Nov Fut)-Levels

R3 5702
R2 5665
R1 5643
Avg 5606
S1 5584
S2 5547
S3 5525

Nifty(Nov Fut)-Trading Strategy

H6 5681     Trgt 2
H5 5668     Trgt 1
H4 5654     Long breakout
H3 5638     Go Short
H2 5632
H1 5627
L1 5616
L2 5611
L3 5605     Long
L4 5589     Short Breakout
L5 5576     Trgt 1
L6 5562     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 22-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11716
R2 11607
R1 11544
Avg 11435
S1 11372
S2 11263
S3 11200

Bank Nifty(Nov Fut)-Trading Strategy

H6 11656     Trgt 2 
H5 11616     Trgt 1
H4 11576     Long breakout 
H3 11529     Go Short 
H2 11513
H1 11497
L1 11466
L2 11450
L3 11434     Long 
L4 11387     Short Breakout 
L5 11347     Trgt 1 
L6 11307     Trgt 2
Blog will be updated after 09:00PM today.

Technical Analysis and Market Outlook(21-11-2012)

Nifty-Intra Day Chart (Nov 19 & Nov 20,2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts

1- Consolidation between 5550-5566 in last 2 sessions.
2- Selling between 5582-5602 today.

Conclusions from 2 Sessions intra day chart analysis 

36 Sessions trading range(5583-5815) broken down on 16-11-2012 but its validity confirmation is required through sustaining below 5583. As moves below 5583 were not forceful therefore follow up selling below it was must but only today intraday charts showed selling while last 2 sessions intraday charts are signalling consolidation formations also.

Although last 3 sessions closing below 5583 but more follow up selling and sustaining below last 3 sessions lowest(5349) is also required because consolidation seen above it in last 2 sessions. As good selling and multiple resistances between 5583-5815 therefore complete consolidation is required for any decisive up move but follow up selling in the coming sessions will mean deeper correction.

It is confirm that huge fall will be seen after 36 Sessions trading range breaking down confirmation because that will be Wave-4 deeper correction confirmation and firstly it should be watched in the coming sessions through:-

1- Sustaining below 5549 or 
2- Forceful breaking down of 5549. 

As last 2 sessions most time trading between 5549-5602 with both higher levels selling and lower levels good consolidation also therefore follow up buying/selling and sustaining beyond mentioned range will mean:-

1- Sustaining below 5549 will mean sharp and deep down moves.
2- Sustaining above 5602 will mean reentering into 36 sessions range bound market but multiple strong resistances upto 5777 therefore up moves will be slow and after complete consolidation.

FII Trading Data in Derivatives Segment on 20-Nov-2012


FII & DII trading activity in Capital Market Segment on 20-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII20-Nov-20122377.812234.43143.38

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII20-Nov-2012769.65781.18-11.53

Indian Stock Markets Closing Reports(20-Nov-2012)

Main features of today trading are as follows

1- Most Indices closed in Red except BANK NIFTY,CNX CONSUMPTION,CNX AUTO,CNX FINANCE,CNX PHARMA and CNX SERVICE.
2- Most Indices closed in Red but broad based Indices CNX MIDCAP and CNX SMALLCAP closed more weak with -0.79% and -0.88% respectively.
3- Black Candle formation today.

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(20-Nov-2012): 17.48

Advances & Declines

BSE Advances : 1,012
BSE Declines : 1,844

NSE Advances :   427
NSE Declines : 1,002

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)-  12,400(0.78%)
Nifty- 5400 PE(Nov)-  453,500(6.32%)

Nifty- 5500 CE(Nov)- -220,700(-10.95%)
Nifty- 5500 PE(Nov)-  372,150(5.58%)

Nifty- 5600 CE(Nov)-  316,450(6.05%)
Nifty- 5600 PE(Nov)-  43,350(0.72%)

Nifty- 5700 CE(Nov)- -314,950(-3.63%)
Nifty- 5700 PE(Nov)- -154,900(-4.11%)

Closing 

Sensex- closed at 18329.32(-9.68 Points & -0.05%)
Nifty- closed at 5,571.55(0.15 Points & 0.00%)
CNX Midcap - closed at 7,713.80(-61.35 Points & -0.79%)
CNX Smallcap- closed at 3,454.80(-30.50 Points & -0.88%)

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11582
R2 11515
R1 11433
Avg 11366
S1 11284
S2 11217
S3 11135

Bank Nifty(Nov Fut)-Trading Strategy

H6 11500     Trgt 2
H5 11466     Trgt 1
H4 11432     Long breakout
H3 11391     Go Short
H2 11378
H1 11364
L1 11337
L2 11323
L3 11310     Long
L4 11269     Short Breakout
L5 11235     Trgt 1
L6 11201     Trgt 2

Nifty Spot-Levels & Trading Strategy for 21-11-2012

Nifty Spot-Levels

R3 5671
R2 5642
R1 5606
Avg 5577
S1 5541
S2 5512
S3 5476

Nifty Spot-Trading Strategy

H6 5636     Trgt 2 
H5 5621     Trgt 1
H4 5606     Long breakout 
H3 5588     Go Short 
H2 5582
H1 5576
L1 5565
L2 5559
L3 5553     Long 
L4 5535     Short Breakout 
L5 5520     Trgt 1 
L6 5505     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2012

Nifty(Nov Fut)-Levels

R3 5675
R2 5645
R1 5614
Avg 5584
S1 5553
S2 5523
S3 5492

Nifty(Nov Fut)-Trading Strategy

H6 5644     Trgt 2
H5 5630     Trgt 1
H4 5616     Long breakout
H3 5599     Go Short
H2 5594
H1 5588
L1 5577
L2 5571
L3 5566     Long
L4 5549     Short Breakout
L5 5535     Trgt 1
L6 5521     Trgt 2

Pre-Closing Outlook-2(20-11-2012)

Following line was told in Pre-Closing Outlook today:-

firstly sustaining beyond yesterday support range(5550-5566) should be watched for next trend confirmation.

Nifty slipped below 5550 but did not sustained and got support just below it at 5,548.35. Yesterday most time trading and consolidation between 5550-5566 and today again support within this range with consolidation patterns indications therefore firstly sustaining it beyond should be watched tomorrow for next trend confirmations.

Pre-Closing Outlook(20-11-2012)

Slipping from intraday higher levels after some profit booking but minor indications of consolidation patterns also today. As mixed intraday patterns today and Short term trend is down also therefore firstly sustaining beyond yesterday support range(5550-5566) should be watched for next trend confirmation.

Technical Analysis and Market Outlook(20-11-2012)

Nifty-Intra Day Chart (19-Nov-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Most time trading between 5550-5576
2- Consolidation between 5550-5566
3- Whole day actual trading between 5550-5592

Conclusions from intra day chart analysis 

As lower levels consolidation patterns seen between 5550-5566 therefore following lines were told yesterday:-

1- In Mid-session Outlook:- "emergence of consolidation paterns formations and expectation of small up moves from here"
2- In Pre-Closing Outlook:- "Although Nifty traded most time in negative zone and now trading also near today lower levels but with intraday consolidation patterns formations therefore up moves expectations are alive"
3- In Post-open Outlook:- "if sustains below 5583 then steep fall will be expected"

As intraday consolidation yesterday and therefore positive opening is expected but multiple resistances at higher levels therefore complete consolidation and minimum sustaining above 5583 is must for the beginning of any decisive up move. Good consolidation seen above 5550 yesterday therefore until Nifty will not sustain below 5550 till then next down move will not be considered but view should remain cautious because political uncertainty can not be ruled out after No-Confidence motion decision by Mamta Banerjee.

FII & DII trading activity in Capital Market Segment on 19-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII19-Nov-20121738.251739.77-1.52

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII19-Nov-2012766.471269.07-502.6

Nifty Spot-Levels & Trading Strategy for 20-11-2012

Nifty Spot-Levels

R3 5635
R2 5613
R1 5592
Avg 5570
S1 5549
S2 5527
S3 5506

Nifty Spot-Trading Strategy

H6 5614     Trgt 2
H5 5604     Trgt 1
H4 5594     Long breakout
H3 5582     Go Short
H2 5578
H1 5574
L1 5567
L2 5563
L3 5559     Long
L4 5547     Short Breakout
L5 5537     Trgt 1
L6 5527     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 20-11-2012

Nifty(Nov Fut)-Levels

R3 5649
R2 5626
R1 5607
Avg 5584
S1 5565
S2 5542
S3 5523

Nifty(Nov Fut)-Trading Strategy

H6 5631     Trgt 2
H5 5621     Trgt 1
H4 5612     Long breakout
H3 5600     Go Short
H2 5596
H1 5592
L1 5585
L2 5581
L3 5577     Long
L4 5565     Short Breakout
L5 5556     Trgt 1
L6 5546     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 20-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11521
R2 11460
R1 11410
Avg 11349
S1 11299
S2 11238
S3 11188

Bank Nifty(Nov Fut)-Trading Strategy

H6 11472     Trgt 2 
H5 11447     Trgt 1
H4 11422     Long breakout 
H3 11391     Go Short 
H2 11381
H1 11371
L1 11350
L2 11340
L3 11330     Long 
L4 11299     Short Breakout 
L5 11274     Trgt 1 
L6 11249     Trgt 2

Pre-Closing Outlook(19-11-2012)

Today trading between 5550-5590 formations and this range final break out will give confirmation to the validity of last Friday breaking down of 5583.

Although Nifty traded most time in negative zone and now trading also near today lower levels but with intraday consolidation patterns formations therefore up moves expectations are alive.

As more than 5 hours trading within above mentioned range therefore this range break out will give following confirmations:-

1- Above 5590 will mean false break down last Friday and again trading between last 36 sessions trading range.
2- Below 5550 will be confirmation of deep down moves.

Mid-session Outlook(19-11-2012)

Although negative zone trading for the last 3 hours but emergence of consolidation paterns formations and expectation of small up moves from here.

Post-open Outlook(19-11-2012)

Although most Asian markets in Green and some are more than 1% up also but Indian markets under performing and slipped into Red after Positive opening. Nifty tested next trend decider 5583 but could not sustained above and trading below it now,if sustains below 5583 then steep fall will be expected.

Technical Analysis,Research & Weekly Outlook(Nov 19 to Nov 23,2012)

Nifty-EOD Chart (16-Nov-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- 4770.35 on 04-06-2012(Wave-2 completion and Wave-3 beginning)
2- 5815.35 on 05-10-2012(Wave-3 completion and corrective Wave-3 beginning)
3- Correction in Falling Channel formation.
4- Lower Falling Trend Line testing last Friday.
5- 36 Sessions trading range(5583-5815) broken down last Friday.

Conclusions from EOD chart analysis 

Nifty traded sideways between 5583-5815 with following selling ranges and these ranges are next resistances also:-

1- Selling between 5700-5720/5733/5777/5815.
2- Selling between5672-5705.
3- Selling between 5620-5650.

As good selling at higher levels therefore 36 sessions lowest(5583) broken down last Friday but after following negative news flow:-

1- Indian Rupee weakening.
2- Sudden fall in US Futures and European markets.

Although good selling at higher levels but last Friday fall was negative news generated therefore 36 Sessions trading range(5583-5815) broken down confirmation is required through:-

1- 3 Days sustaining below 5583
2- Minimum 3% down moves from the lowest((5583) of the previous trading range.

Minimum 10% deeper correction will be seen after breaking down but confirmation is must and market require complete consolidations for next up moves. Until Nifty will not cross above mentioned multiple resistances till then any up trend will not be considered. 

Up moves will be slow while down moves will be fast in the coming week.

Pre-open Outlook(19-11-2012)

Intraday indicators are oversold after last Friday steep fall and Asian markets are also positive today morning therefore sentiment is good and Positive opening will be seen and finally sustaining beyond 5583 should be watched today for next big down moves or any decisive move confirmation.

Indian Stock Markets Closing Reports(16-Nov-2012)

Main features of today trading are as follows

1- All the Indices closed in Red except CNX IT.
2- 36 Sessions trading range broken down.
3- Long Blck Candle formation.

Ratios

Nifty Put Call Ratio: 0.97
Nifty P/E Ratio(16-Nov-2012): 17.50

Advances & Declines

BSE Advances : 1,073
BSE Declines : 1,779   
NSE Advances :   608 
NSE Declines : 1,143  

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- 9,000(0.59%)
Nifty- 5400 PE(Nov)- 457,700(7.74%)

Nifty- 5500 CE(Nov)- 1,305,050(162.46%)
Nifty- 5500 PE(Nov)- 507,900(7.85%)

Nifty- 5600 CE(Nov)- 867,900(23.77%)
Nifty- 5600 PE(Nov)- -900,050(-11.59%)

Nifty- 5700 CE(Nov)- 1,267,600(18.57%)
Nifty- 5700 PE(Nov)- -582,750(-12.32%)

Closing 

Sensex- closed at 18309.37(-162.00 Points & -0.88%)
Nifty- closed at 5,574.05(-56.95 Points & -1.01%)
CNX Midcap - closed at 7,855.45(-84.35 Points & -1.06%)
CNX Smallcap- closed at 3,518.45(-42.30 Points & -1.19%)

FII Trading Data in Derivatives Segment on 16-Nov-2012


FII & DII trading activity in Capital Market Segment on 16-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII16-Nov-20122992.052482.34509.71

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII16-Nov-2012919.181293.9-374.72

Nifty Spot-Levels & Trading Strategy for 19-11-2012

Nifty Spot-Levels

R3 5720
R2 5685
R1 5629
PIVOT 5594
S1 5538
S2 5503
S3 5447

Nifty Spot-Trading Strategy

H6 5665     Trgt 2 
H5 5644     Trgt 1
H4 5624     Long breakout 
H3 5599     Go Short 
H2 5590
H1 5582
L1 5565
L2 5557
L3 5548     Long 
L4 5523     Short Breakout 
L5 5503     Trgt 1 
L6 5482     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 19-11-2012

Nifty(Nov Fut)-Levels

R3 5736
R2 5700
R1 5640
PIVOT 5604
S1 5544
S2 5508
S3 5448

Nifty(Nov Fut)-Trading Strategy

H6  5676    Trgt 2 
H5  5654    Trgt 1
H4  5632    Long breakout 
H3  5606    Go Short 
H2  5597
H1  5588
L1  5571
L2  5562
L3  5553    Long 
L4  5527    Short Breakout 
L5  5505    Trgt 1 
L6  5483    Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 19-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11774
R2 11677
R1 11518
PIVOT 11421
S1 11262
S2 11165
S3 11006

Bank Nifty(Nov Fut)-Trading Strategy

H6 11616     Trgt 2 
H5 11558     Trgt 1
H4 11500     Long breakout 
H3 11430     Go Short 
H2 11406
H1 11383
L1 11336
L2 11313
L3 11289     Long 
L4 11219     Short Breakout 
L5 11161     Trgt 1 
L6 11103     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Nov 19 to Nov 23,2012)

Nifty Spot-Weekly Levels

R3 5835
R2 5777
R1 5675
PIVOT 5617
S1 5515
S2 5457
S3 5355

Nifty Spot-Weekly Trading Strategy 

H6 5734     Trgt 2 
H5 5698     Trgt 1
H4 5662     Long breakout 
H3 5618     Go Short 
H2 5603
H1 5588
L1 5559
L2 5544
L3 5530     Long 
L4 5486     Short Breakout 
L5 5449     Trgt 1 
L6 5413     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 19 to Nov 23,2012)

Bank Nifty Spot-Weekly Levels

R3 11830
R2 11719
R1 11527
PIVOT 11416
S1 11224
S2 11113
S3 10921

Bank Nifty Spot-Weekly Trading Strategy 

H6 11638     Trgt 2 
H5 11570     Trgt 1
H4 11501     Long breakout 
H3 11418     Go Short 
H2 11390
H1 11362
L1 11307
L2 11279
L3 11251     Long 
L4 11168     Short Breakout 
L5 11099     Trgt 1 
L6 11031     Trgt 2