Technical Analysis and Market Outlook(08-11-2012)

Nifty-Intra Day Chart (07-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Last 4 hours trading between 5752-5777 with intraday selling patterns at higher levels between 5764-5777.
2- Whole day actual trading between 5711-5777.

Conclusions from intra day chart analysis 

Nifty traded most time between 5639-5733 in 30 previous seessions and this range broken out today after the victory news of President Obama but intraday selling was also seen at higher levels between 5764-5777 today. As intraday selling today therefore following lines were told in Pre-Closing Outlook today:-

"Sideways sessions trading range broken out today but its confirmation is still left,let it happen then next trend will be decided because intraday selling patterns also seen at higher levels today"

US markets did not welcomed Obama victory and now all Benchmark Indices are more than 2.5% down today, such weaker closing will mean possibility of negative Asian markets tomorrow and resultant Weak opening possibility in Indian markets.

Expected that Nifty will trade below 5733 tomorrow but 30 previous sessions range break out above 5733 today therefore firstly sustaining it beyond should be watched tomorrow for next trend confirmation.

FII Trading Data in Derivatives Segment on 07-Nov-2012

FII & DII trading activity in Capital Market Segment on 07-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 07-Nov-2012 2384.38 1655.93 728.45

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Nov-2012 1115.36 1312.31 -196.95

Indian Stock Markets Closing Reports(07-Nov-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except CNX ENERGY.

2- Up moves after Obama victory news but profit booking at higher levels also.

3- Break out of 30 sessions trading range and closing above.

4- White Candle formation.

Ratios

Nifty Put Call Ratio: 0.94

Nifty P/E Ratio(07-Nov-2012): 17.92

Advances & Declines

BSE Advances : 1,675

BSE Declines : 1,211 

NSE Advances :   885

NSE Declines :   542 

Nifty Open Interest Changed Today

Nifty- 5500 CE(Nov)- -72,600(-8.62%)

Nifty- 5500 PE(Nov)-  817,900(16.55%)

Nifty- 5600 CE(Nov)- -34,000(-1.52%)

Nifty- 5600 PE(Nov)-  206,600(2.86%)

Nifty- 5700 CE(Nov)- -407,550(-10.46%)

Nifty- 5700 PE(Nov)-  1,443,600(25.93%)

Nifty- 5800 CE(Nov)-  322,150(5.57%)

Nifty- 5800 PE(Nov)-  1,385,000(53.39%)

Nifty- 5900 CE(Nov)-  267,400(3.76%)

Nifty- 5900 PE(Nov)-  613,300(101.44%)

Closing 

Sensex- closed at 18,902.41(85.03 Points & 0.45%)

Nifty- closed at 5,760.10(35.70 Points & 0.62%)

CNX Midcap - closed at 7,947.10(77.95 Points & 0.99%)

CNX Smallcap- closed at 3,499.15(31.90 Points & 0.92%)

Nifty Spot-Levels & Trading Strategy for 08-11-2012

Nifty Spot-Levels

R3 5853

R2 5815

R1 5787

Avg 5749

S1 5721

S2 5683

S3 5655

Nifty Spot-Trading Strategy

H6 5826     Trgt 2 

H5 5811     Trgt 1

H4 5796     Long breakout 

H3 5778     Go Short 

H2 5772

H1 5766

L1 5753

L2 5747

L3 5741     Long 

L4 5723     Short Breakout 

L5 5708     Trgt 1 

L6 5693     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 08-11-2012

Nifty(Nov Fut)-Levels

R3 5902

R2 5860

R1 5826

Avg 5784

S1 5750

S2 5708

S3 5674

Nifty(Nov Fut)-Trading Strategy

H6 5869     Trgt 2 

H5 5852     Trgt 1

H4 5834     Long breakout 

H3 5813     Go Short 

H2 5806

H1 5799

L1 5786

L2 5779

L3 5772     Long 

L4 5751     Short Breakout 

L5 5733     Trgt 1 

L6 5716     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 08-11-2012

Bank Nifty(Nov Fut)-Levels

R3 12039

R2 11917

R1 11825

Avg 11703

S1 11611

S2 11489

S3 11397

Bank Nifty(Nov Fut)-Trading Strategy

H6 11950     Trgt 2 

H5 11901     Trgt 1

H4 11851     Long breakout 

H3 11792     Go Short 

H2 11773

H1 11753

L1 11714

L2 11694

L3 11675     Long 

L4 11616     Short Breakout 

L5 11566     Trgt 1 

L6 11517     Trgt 2

Pre-Closing Outlook(07-11-2012)

Last 4 hours trading between 5752-5777 with intraday selling patterns at higher levels therefore more consolidation is required tomorrow for sustaining above 5733/5777. 30 Sideways sessions trading range broken out today but its confirmation is still left,let it happen then next trend will be decided because intraday selling patterns also seen at higher levels today.

Mid-session Outlook(07-11-2012)

As trading above 5733 was expected therefore its detailed analysis was updated yesterday. News based market today and now sustaining above 5733 should be firstly watched for next strong rally confirmations. 

Post-open Outlook(07-11-2012)

Nifty traded most time between 5639-5733 in last 30 sessions but once this range was broken down after RBI Credit Policy on 30-10-2012 and today broken out after Obama victory in US Predential Elections.

As sentiment and trading positions reverses sharply after news based Broken out/down therefore its confirmation is must through sustaining beyond and its filters have already been updated yesterday in following topic:-

Technical Analysis and Market Outlook(07-11-2012)

Firstly get confirmations and then expect next trend accordingly.

Technical Analysis and Market Outlook(07-11-2012)

Nifty-Intra Day Chart (06-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation and supports at lower levels between 5698-5710
3- Whole day actual trading between 5698-5729

Conclusions from intra day chart analysis

As soon as consolidation started in Indian markets today then it was immediately updated at 10:16AM in Post-open Outlook(06-11-2012) and following line was told:-

"intraday consolidation patterns seen today in first hour of trading"

Nifty closed at the top of last 30 sideways sessions with lower levels intraday supports and consolidations,next 3 resistances of ongoing Wave-3 are as follows:-

1- 5733
2- 5756
3- 5815

As resistances between 5700-5733 were strong therefore once sustaining above 5733 will be strong indication of rally after correction completion. Trading above 5733 is expected tomorrow but follow up consolidations and sustaining it above is must. Following technical confirmation is must therefore following 2 filters have to be watched first:-

1- 3 Days sustaining above the previous sideways trading range top(5733) or
2- Minimum 3% up moves from the high(5733) of the previous sideways trading range.

Forceful break out or Once sustaining above 5733 will mean clearance of strong resistance and then high possibility of fresh rally after correction completion.

Indian Stock Markets Closing Reports(06-Nov-2012)

Main features of today trading are as follows

1- Benchmark Indices closed with marginal gains.

2- All the Indices closed in Green except AUTO and IT.

3- White Candle formation.

Ratios

Nifty Put Call Ratio: 0.80

Nifty P/E Ratio(06-Nov-2012): 17.92

Advances & Declines

BSE Advances : 1,469

BSE Declines : 1,355 

NSE Advances :   943

NSE Declines :   806 

Nifty Open Interest Changed Today

Nifty- 5500 CE(Nov)- -33,300(-3.80%)

Nifty- 5500 PE(Nov)- -50,200(-1.01%)

Nifty- 5600 CE(Nov)- -149,050(-6.26%)

Nifty- 5600 PE(Nov)-  460,250(6.80%)

Nifty- 5700 CE(Nov)- -457,750(-10.51%)

Nifty- 5700 PE(Nov)-  600,400(12.09%)

Nifty- 5800 CE(Nov)- 519,650(9.87%)

Nifty- 5800 PE(Nov)- 630,950(32.14%)

Closing 

Sensex- closed at 18,817.38(54.51 Points & 0.29%)

Nifty- closed at 5,724.40(20.20 Points & 0.35%)

CNX Midcap - 7,869.15closed at (29.30 Points & 0.37%)

CNX Smallcap- closed at 3,467.25(29.50 Points & 0.86%)

FII Trading Data in Derivatives Segment on 06-Nov-2012

FII & DII trading activity in Capital Market Segment on 06-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Nov-2012 2502.99 2328.37 174.62

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Nov-2012 856.72 1078.57 -221.85

Nifty(Nov Fut)-Levels & Trading Strategy for 07-11-2012

Nifty(Nov Fut)-Levels

R3 5830
R2 5802
R1 5784
Avg 5756
S1 5738
S2 5710
S3 5692

Nifty(Nov Fut)-Trading Strategy

H6 5812     Trgt 2
H5 5801     Trgt 1
H4 5791    Long breakout
H3 5778     Go Short
H2 5774
H1 5770
L1 5761
L2 5757
L3 5753     Long
L4 5740     Short Breakout
L5 5730     Trgt 1
L6 5719     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 07-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11840
R2 11746
R1 11684
Avg 11590
S1 11528
S2 11434
S3 11372

Bank Nifty(Nov Fut)-Trading Strategy

H6  11780    Trgt 2
H5  11744    Trgt 1
H4  11708    Long breakout
H3  11665    Go Short
H2  11651
H1  11637
L1  11608
L2  11594
L3  11580    Long
L4  11537    Short Breakout
L5  11501    Trgt 1
L6  11465    Trgt 2

Nifty Spot-Levels & Trading Strategy for 07-11-2012

Nifty Spot-Levels

R3 5775
R2 5752
R1 5738
Avg 5715
S1 5701
S2 5678
S3 5664

Nifty Spot-Trading Strategy

H6 5761     Trgt 2
H5 5752     Trgt 1
H4 5744     Long breakout
H3 5734     Go Short
H2 5730
H1 5727
L1 5720
L2 5717
L3 5713     Long
L4 5703     Short Breakout
L5 5695     Trgt 1
L6 5686     Trgt 2

Pre-Closing Outlook(06-11-2012)

As soon as Indian markets consolidated then it was updated at 10:16AM in Post-open Outlook today:-

"intraday consolidation patterns seen today in first hour of trading"

Nifty traded almost whole day today within strong resistance range with confirm consolidation at lower levels. Crossing and sustaining above 5733 should be firstly watched tomorrow for next rally first strong indication and almost confirmation also.

Mid-session Outlook(06-11-2012)

Strong resistances are between 5700-5733 and today first 2 hours trading within this range with intraday consolidation patterns formation in first hour today. As consolidation patterns within resistance range therefore emergence of up moves hopes today and firstly break out of 5680-5733 should be watched for next moves first indication.

Post-open Outlook(06-11-2012)

Almost flat trading but intraday consolidation patterns seen today in first hour of trading and firstly break out of 5680-5733 should be watched for next moves first indication.

Technical Analysis and Market Outlook(06-11-2012)

Nifty-Intra Day Chart (Nov 02 & Nov 05,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 5700-5710
2- Supports between 5680-5690
3- 2 Sessions trading between 5680-5710

Conclusions from 2 Sessions intra day chart analysis 

Last 2 sessions sideways trading within 30 points between 5680-5710 after 33 points gap up last Friday with confirm selling between 5700-5710 and lower levels intraday supports formations also.

Follow up moves tomorrow will decide next trend and 2 sessions range(5680-5710) will give next following moves:-

1- As good selling and multiple resistances above 5700 therefore market require complete consolidations for step by step sustaining above 5700/5710/5733/5756/5815.
2- Breaking down below 5680 will mean firstly sharp down moves with  retesting possibility of previous week lows.

As clear selling patterns between 5700-5710 and expected that Nifty will slip below 5680 despite intraday supports at lower levels in last 2 sessions and closing near intraday higher levels today.

29 Sessions sideways trading between 5583-5815 and next big moves will be seen after sustaining beyond this range.Expected that Nifty will not move above 5733 tomorrow and follow up selling will mean sharp fall below 5680.