Pre-Closing Outlook(27-09-2011)

Strong Global cues led today rally again proved that 4720 is strong support now. 10 months bearish moves and after that Indian markets are range bound between 4720-5229 for the last 34 sessions. Following lines have been told many times for the character of  range bound markets since 16.09-2011 and repeating again:-

Markets always require completion consolidation for any rally after such big fall. Big rally started in March 2009 after lower level 5 monthe range bound consolidations. As range bound markets signals are emerging between 4720-5229 therefore this range break out will decide that 10 months long long term correction is over or not.Investment decisions,long term positions and Portfolio management should be done according to break out of mentioned range.

Good up moves seen above 4929 and Whole day straight rally with mixed signals between 4955-4980 in last 2 hours therefore precautionary this range will be watched tomorrow for next moves confirmations otherwise resistances above 5000 are expected to test in the coming sessions.

Post-open Outlook(27-09-2011)

Following lines were told at 02:07:00 AM today.

Sentiment may remain strong today morning because US markets closed with good gains therefore strong opening is possible in Indian markets. Next resistance between 4900-4929 and sustaining above 4929 will be next upmove confirmation.

Nifty Today 1st hour trading range is between 4905.15-4928.30

Gap up opening and first hour trading within mentioned range is result of blasting Global markets. As Indian markets may be affected from political news due to news developments in 2G case therefore cautious approach is required.

Sustaining beyond 4900-4929 will be next decisive move confirmation therefore should be watched first.

Technical Analysis,Researches & Market Outlook(27-09-2011)

Nifty-Intra Day Chart(26-Sep-2011):-

Just click on chart for its enlarged view

EOD Chart(26-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Buying between 4758-4805
2- Selling between 4845-4866
3- Whole day trading between 4758-4866

Conclusions

Global cues and depressing local news led weak market seen yesterday with lower levels buying and higher levels selling. Range bound market between 4720-5229 for the last 34 sessions and Nifty has almost tested its lower level today as well as consolidated also there with trading lowest at 4758.

2G Storm is enhancing and other Union Ministers are also in trouble now. 2G note latest controversy may hamper sentiment and volatile markets may be seen,if situation worsen and create unity problems for UPA then more down moves are possible. Nifty is absorbing all the Global uncertainities and 2G latest controversy between 4720-5229 and lower levels support also seen in last 2 sessions therefore sustaining below 4720 must be watched for fresh down moves confirmations.

Nifty-Intra Day Chart(Sep 22 to Sep 26,2011):-

Just click on chart for its enlarged view

Conclusions

Nifty traded in last 2 sessions between 4758-4929 within following same situations:-

1- Global cues led weakness immediately after opening.
2- Firstly lower levels support
3- Higher levels selling in last hours and then down in last half hour..

Highly volatile Global cues and markets may open with huge gaps but sustaining beyond last 2 sessions range(4758-4929) will be next trend decisive confirmation because:-

1- No immediate strong resistance above 4929.
2- No immediate strong support below 4758.

Sentiment may remain strong today morning because US markets closed with good gains therefore strong opening is possible in Indian markets. Next resistance between 4900-4929 and sustaining above 4929 will be next upmove confirmation.

FII Trading Data in Derivatives Segment on 26-Sep-2011

FII & DII trading activity in Capital Market Segment on 26-Sep-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 26-Sep-2011 1240.6 2324.43 -1083.83

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Sep-2011 1165.51 590.3 575.21

Indian Stock Markets Closing Reports(26-Sep-2011)

Main features of today trading are as follows

1- Red closing.
2- Hammer Candle.
3- All the Indices closed in Red except IT.

Ratios

Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(26-Sep-2011): 17.46

Advances & Declines

BSE ADVANCES : 768
BSE DECLINES : 2016
NSE ADVANCES : 308
NSE DECLINES : 1136

Nifty Open Interest Changed Today

Nifty- 4700 CE(Sep)- +625050(+69.74%)
Nifty- 4700 PE(Sep)- +361850(+4.91%)

Nifty- 4800 CE(Sep)- +995100(+29.36%)
Nifty- 4800 PE(Sep)- +287900(+3.66%)

Nifty- 4900 CE(Sep)- +835800(+17.39%)
Nifty- 4900 PE(Sep)- -381950(-7.46%)

Closing 

Nifty- closed at 4,835.40(-32.35 Points & -0.66%)
Sensex- closed at 16,051.10(-110.96 Points & -0.69% )
CNX MIDCAP - closed at 7,071.95(-113.35 Points & -1.58%)
BSE SMALL CAP- closed at 6,923.41(-117.71 Points & -1.67%)

Nifty Spot-Levels & Trading Strategy for 27-09-2011

Nifty Spot-Levels

R3 5011
R2 4945
R1 4890
Avg 4824
S1 4769
S2 4703
S3 4648

Nifty Spot-Trading Strategy

H6 4957     Trgt 2
H5 4929     Trgt 1
H4 4901     Long breakout
H3 4868     Go Short
H2 4857
H1 4846
L1 4823
L2 4812
L3 4801     Long
L4 4768     Short Breakout
L5 4740     Trgt 1
L6 4712     Trgt 2

Nifty(Sep Fut)-Levels & Trading Strategy for 27-09-2011

Nifty(Sep Fut)-Levels

R3 5019
R2 4949
R1 4896
Avg 4826
S1 4773
S2 4703
S3 4650

Nifty(Sep Fut)-Trading Strategy

H6 4969     Trgt 2
H5 4940     Trgt 1
H4 4911     Long breakout
H3 4877     Go Short
H2 4866
H1 4855
L1 4832
L2 4821
L3 4810     Long
L4 4776     Short Breakout
L5 4747     Trgt 1
L6 4718     Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 27-09-2011

Bank Nifty(Sep Fut)-Levels

R3 9845
R2 9662
R1 9526
Avg 9343
S1 9207
S2 9024
S3 8888

Bank Nifty(Sep Fut)-Trading Strategy

H6 9717     Trgt 2
H5 9641     Trgt 1
H4 9565     Long breakout
H3 9477     Go Short
H2 9448
H1 9419
L1 9360
L2 9331
L3 9302     Long
L4 9214     Short Breakout
L5 9138     Trgt 1
L6 9062     Trgt 2

Pre-Closing Outlook(26-09-2011)

Global cues led volatile market today.Dow's Futures was 45 points up in the morning but slipped and was more than 40 points down,surged and was 93 points up also. All the European markets started straight recovery immediately after opening and Indian markets also retraced on their track.

Intraday support at lower levels but upmoves were slow and selling seen at higher levels. Nifty moved below last friday trading range lows(4832) but retraced and traded above more than one hour. All trends are already down and today intraday patterns are also showing selling at higher levels therefore some more weakness is expected.

Mid-session Outlook-2 (26-09-2011)

UPA recent internal tussle which developed in last 2 days and today weak Asian markets triggered down moves in Indian markets today. Higher levels already selling and Nifty slipped below last Friday support range lowest(4832) therefore more down will be seen.

Next minor support is near 4720 and now its testing possibility can not be ruled out.

Pre-open Outlook-2(26-09-2011)

All the Asian markets are .50% to 1.40% down at this moment therefore sentiment turned depressed and  and firstly trading between 4830-4880 will be seen after Red opening. Remaining views are same as posted in Pre-open Outlook today.

Pre-open Outlook(26-09-2011)

Dow' Futures is 45 points up but all the Asian markets are in Red today morning sentiment and is mixed. Nifty traded between 4832-4929 with both buying and selling formations within it last Friday and Indian markets are not prepared for any side decisive moves today morning therefore Nifty will open,firstly trade and prepare for next moves between 4840-4895.

Let market prepare for next moves between 4840-4895 then next moves conclusions will be drawn from intraday charts formations and will be posted in the Blog. Next trend confirmation will be sustaining beyond 4832-4929.

Market Outlook(26-09-2011)

Technical Analysis and Research of EOD and Intra day charts,Technical Positions,next possibilities have already been explained in following topics on 23-09-2011 with 2 Charts therefore not being repeated:-

1- Nifty-Micro Analysis of Intra Day Chart For 26-09-2011
2- 4720 Survival Today will Decide Next Long Moves & Trend

It is very much clear that Indian markets are range bound for the last 33 sessions and its break out will decide next long term trend. All trends are down,Indian markets are in the tight grip of Bears and forceful break out or sustaining above 5229 will be first strong indication of last 10 months correction completion. Slipping below 4720 will mean new phase of sharp down moves. As range bound markets therefore short term targets should remain within range with stop loss beyond range.

Nifty traded most of the time and closed between 4832-4929 on 23-09-2011 with lower levels consolidations and higher levels minor selling, As whole day intraday patterns are showing consolidation formations last Friday therefore  technically upmoves possibilities are high in the beginning of this week. Indian markets tumbled and correction begun amid crashing Global markets cues but last Friday consolidation patterns are showing correction completion signals.

Indian markets are Bearish and market never like confusion but there is lot of uncertainities after the disclosure of Pranab Mukherjee and Murasoli Maran letters to P.M. therefore follow up buying and sustaining above 4920 is must today for any type of up move confirmations. 

Crucial Empty Zone between 4720-4832 in last 33 trading range and no strong support below it,selling development due to above mentioned negative news may result commencement of fresh down moves therefore sustaining beyond last Friday trading range(4832-4929) should be firstly watched amid UPA internal fight like depressing sentiment and that will be next moves confirmations.

Nifty-Micro Analysis of Intra Day Chart For 26-09-2011

Nifty-Intra Day Chart(23-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intra day charts

1- Consolidation between 4832-4881
2- Selling between 4900-4929
3- Whole day trading between 4832-4929

Conclusions


Lower levels good consolidations and minor selling at higher levels but whole day intraday patterns are showing consolidation formations therefore  upmoves possibilities are high from next week. Indian markets tumbled and correction begun amid crashing Global markets cues but today consolidation patterns are showing correction completion signals.

Follow up buying is must next Monday and sustaining beyond today trading range(4832-4929) will be next moves confirmations.

FII Trading Data in Derivatives Segment on 23-Sep-2011

FII & DII trading activity in Capital Market Segment on 23-Sep-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 23-Sep-2011 1640.68 2920.29 -1279.61

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Sep-2011 1480.67 715.29 765.38

Indian Stock Markets Closing Reports(23-Sep-2011)

Main features of today trading are as follows

1- Red closing.
2- Doji Candle.
3- All the Indices closed in Red except FMCG

Ratios

Nifty Put Call Ratio: 1.13
Nifty P/E Ratio(23-Sep-2011): 17.58

Advances & Declines

BSE ADVANCES : 973
BSE DECLINES : 1832
NSE ADVANCES : 413
NSE DECLINES : 1033

Nifty Open Interest Changed Today

Nifty- 4800 CE(Sep)- +1531350(+83.74%)
Nifty- 4800 PE(Sep)- -175950(-1.99%)

Nifty- 4900 CE(Sep)- +338400(+6.91%)
Nifty- 4900 PE(Sep)- -553000(-9.21%)

Nifty- 5000 CE(Sep)- +1183500(+22.90%)
Nifty- 5000 PE(Sep)- -403800(-7.08%)

Closing 

Nifty- closed at 4,867.75(-55.90 Points & -1.14%)
Sensex- closed at 16,162.06(-199.09 Points & -1.22% )
CNX MIDCAP - closed at 7,185.30(-47.30 Points & -0.65%)
BSE SMALL CAP- closed at 7,041.12(-80.40 Points & -1.13%)

Nifty Spot-Levels & Trading Strategy for 26-09-2011

Nifty Spot-Levels

R3 5022
R2 4976
R1 4921
Avg 4875
S1 4820
S2 4774
S3 4719

Nifty Spot-Trading Strategy

H6 4968     Trgt 2
H5 4945     Trgt 1
H4 4922     Long breakout
H3 4894     Go Short
H2 4885
H1 4876
L1 4857
L2 4848
L3 4839     Long
L4 4811     Short Breakout
L5 4788     Trgt 1
L6 4765     Trgt 2

Nifty(Sep Fut)-Levels & Trading Strategy for 26-09-2011

Nifty(Sep Fut)-Levels

R3 5047
R2 4991
R1 4930
Avg 4874
S1 4813
S2 4757
S3 4696

Nifty(Sep Fut)-Trading Strategy

H6 4988     Trgt 2
H5 4961     Trgt 1
H4 4934     Long breakout
H3 4902     Go Short
H2 4891
H1 4880
L1 4859
L2 4848
L3 4837     Long
L4 4805     Short Breakout
L5 4778     Trgt 1
L6 4751     Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 26-09-2011

Bank Nifty(Sep Fut)-Levels

R3 9794
R2 9665
R1 9519
Avg 9390
S1 9244
S2 9115
S3 8969

Bank Nifty(Sep Fut)-Trading Strategy

H6 9651     Trgt 2
H5 9587     Trgt 1
H4 9524     Long breakout
H3 9448     Go Short
H2 9423
H1 9398
L1 9347
L2 9322
L3 9297     Long
L4 9221     Short Breakout
L5 9158     Trgt 1
L6 9094     Trgt 2