Indian Stock Markets Closing Reports(29-Sep-2011)

Main features of today trading are as follows

1- Sharp rally and closing at day's higher levels.
2- Engulfing Bullish Candle.
3- Strong recovery from lower levels and most indices closed positive but BSE  Mid Cap and Small Cap closed in Red.

Ratios

Nifty Put Call Ratio: 1.11
Nifty P/E Ratio(29-Sep-2011): 18.11

Advances & Declines

BSE ADVANCES : 1246
BSE DECLINES : 1539
NSE ADVANCES : 621
NSE DECLINES : 804

Nifty Open Interest Changed Today

Nifty- 4900 CE(Oct)- -3891550(-75.05%)
Nifty- 4900 PE(Oct)- +3222400(+45.54%)

Nifty- 5000 CE(Oct)- -3597700(-50.37%)
Nifty- 5000 PE(Oct)- +266950(+4.70%)

Nifty- 5100 CE(Oct)- -31750(-0.62%)
Nifty- 5100 PE(Oct)- -56950(-3.69%)

Closing 

Nifty- closed at 5,015.45(+69.55 Points & +1.41%)
Sensex- closed at 16,698.07(+252.05 Points & +1.53% )
CNX MIDCAP - closed at 7,118.95(+9.75 Points & +0.14%)
BSE SMALL CAP- closed at 6,942.17(-7.31 Points & -0.11%)

Pre-Closing Outlook(29-09-2011)

As soon as Indian markets got support at lower levels then it was immediately immediately informed at 12:03:00 PM  in Mid-session Outlook today and following line was told:-

1- Clear supports near 4907 in last 2 sessions and again support at same level today
2- next decisive moves confirmation range is 4905-4982

Last 3 sessions trading range crossed by force after getting good supports therefore up moves expectations are higher now. Next resistance range is between 5020-5060 and sustaining above this range will be pull back rally strong indication.

Mid-session Outlook(29-09-2011)

Following lines were told at 08:51:00 AM in Pre-open Outlook(29-09-2011):-

Nifty will first trade between 4907-4950 after weak opening today,slipping below 4918 will be first indication and sustainiing below 4907 will be deep down confirmation.

Nifty is trading between 4906-4943.45 and could not sustained below 4907 as well as moved up.

We cautioned within first half hour in Post-open Outlook(29-09-2011) and also clearly told for up moves in Dow's Futures, volatility and getting down moves confirmations through sustaining below 4907.

Clear supports near 4907 in last 2 sessions and again support at same level today therefore next decisive moves confirmation range is 4905-4982 and Nifty will trade between this range in the coming hours/session.

Indian Stock Markets 100% Accurate predictions Record

100% Accurate predictions is our 4 years records and its live proofs are always available in this Blog as well as in my orkut.com communities. 

Anyone may verify above facts

Live proofs of 100% Accurate prediction

Nifty is 37 points down and SENSEX is more than 110 points down today but we told for today weakness in all 4 Outlooks yesterday. Live proofs of 100% Accurate prediction of today weak market are as follows and anyone may verify anytime:-

1- We told at 10:18:00 AM in Post-open Outlook(28-09-2011), following line was told:-

Fist hour intra day patterns are showing weakness indication

2- We told at 10:42:00 AM in Post-open Outlook-2(28-09-2011), following line was told:-

weakness indications from intraday charts also


3- We told at 02:58:00 PM in Pre-Closing Outlook(28-09-2011), following line was told:-

As more selling at higher levels therefore weakness possibility in coming sessions turns higher.


4- We told at 06:34:00 PM in Nifty-Micro Analysis of Intra Day Chart For 29-09-2011, following line was told:-

Although lower levels support but higher levels good selling today also therefore expected that more weakness will be seen in the coming sessions.

We never told only a single word for any up move but clearly told 4 times only and only for weakness.

Post-open Outlook(29-09-2011)

As Dow Futures is more than 90 points up at this moment therefore volatility may be seen after weak open today. That weakness is being seen today which was told 4 times yesterday. Nifty slipped below 4918 but more down moves confirmation will be sustaining below 4907 therefore must be watched for confirmations.

NIFTY-Sep F&O-1st Shorting of 28-09-2011-Covering

NIFTY Sep F & O(Shorted on 28-09-2011)-Cover and book profit immediately-CMP-4908

Pre-open Outlook(29-09-2011)

Technical Analysis and Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 1 Charts therefore not being repeated:-

Nifty-Micro Analysis of Intra Day Chart For 29-09-2011

Nifty-Intra Day Chart(Sep 27 to Sep 28,2011):-

Just click on chart for its enlarged view

Nifty traded last 2 days between 4907-4982 and most time trading between 4918-4982  with higher levels selling and minor lower levels support. Expected that Nifty will first trade between 4907-4950 after weak opening today,slipping below 4918 will be first indication and sustainiing below 4907 will be deep down confirmation.

Weakness expected in Indian markets today.

FII Trading Data in Derivatives Segment on 28-Sep-2011

Nifty-Micro Analysis of Intra Day Chart For 29-09-2011

Nifty-Intra Day Chart(28-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intra day charts

1- Selling between 4963-4978
2- Selling between 4952-4965
3- Support between 4918-4938
4- Whole day trading between 4918-78.

Conclusions

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

"mixed signals between 4955-4980 in last 2 hours"

Although Nifty opened at 5006.05 today but slipped to 4982 in first second and could not sustained within last 2 hours range(4955-4980) of  yesterday therefore finally this range has proved a selling range.

Although lower levels support but higher levels good selling today also therefore expected that more weakness will be seen in the coming sessions.

FII & DII trading activity in Capital Market Segment on 28-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 28-Sep-2011 2705.14 2520.17 184.97

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Sep-2011 907.32 791.73 115.59

Indian Stock Markets Closing Reports(28-Sep-2011)

Main features of today trading are as follows

1- Negative closing after positive opening.
2- Black Candle.
3- Most Indices closed in Red except IT,FMCG,HC,Reality & Oil and Gas

Ratios

Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(28-Sep-2011): 17.86

Advances & Declines

BSE ADVANCES : 1038
BSE DECLINES : 1772
NSE ADVANCES : 426
NSE DECLINES : 1011

Nifty Open Interest Changed Today

Nifty- 4900 CE(Sep)- +1025200(+23.41%)
Nifty- 4900 PE(Sep)- +678700(+10.15%)

Nifty- 5000 CE(Sep)- +653100(+9.71%)
Nifty- 5000 PE(Sep)- -88550(-1.49%)

Closing 

Nifty- closed at 4,945.90(-25.35 Points & -0.51%)
Sensex- closed at 16,446.02(-78.01 Points & -0.47% )
CNX MIDCAP - closed at 7,109.20(-60.70 Points & -0.85%)
BSE SMALL CAP- closed at 6,949.48(-67.79 Points & -0.97%)

Nifty Spot-Levels & Trading Strategy for 29-09-2011

Nifty Spot-Levels

R3 5082
R2 5044
R1 4994
Avg 4956
S1 4906
S2 4868
S3 4818

Nifty Spot-Trading Strategy

H6 5033     Trgt 2
H5 5013     Trgt 1
H4 4993     Long breakout
H3 4969     Go Short
H2 4961
H1 4953
L1 4936
L2 4928
L3 4920     Long
L4 4896     Short Breakout
L5 4876     Trgt 1
L6 4856     Trgt 2

Nifty(Sep Fut)-Levels & Trading Strategy for 29-09-2011

Nifty(Sep Fut)-Levels

R3 5074
R2 5034
R1 4985
Avg 4945
S1 4896
S2 4856
S3 4807

Nifty(Sep Fut)-Trading Strategy

H6 5025     Trgt 2
H5 5005     Trgt 1
H4 4984     Long breakout
H3 4960     Go Short
H2 4952
H1 4944
L1 4927
L2 4919
L3 4911     Long
L4 4887     Short Breakout
L5 4866     Trgt 1
L6 4846     Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 29-09-2011

Bank Nifty(Sep Fut)-Levels

R3 9918
R2 9803
R1 9650
Avg 9535
S1 9382
S2 9267
S3 9114

Bank Nifty(Sep Fut)-Trading Strategy

H6 9768     Trgt 2
H5 9706     Trgt 1
H4 9645     Long breakout
H3 9571     Go Short
H2 9547
H1 9522
L1 9473
L2 9448
L3 9424     Long
L4 9350     Short Breakout
L5 9289     Trgt 1
L6 9227     Trgt 2

NIFTY-Sep F&O-1st Selling of 28-09-2011-Trade

NIFTY(Sep Fut-Sell-Positional)SL-4976TGT-4886-CMP-4938

NIFTY(Sep Put Option-Buy-Positional)SL-4976TGT-4886-S.P.FOR Put-4900,5000(Sep Fut-Rates for all Options)-CMP-4938

Pre-Closing Outlook(28-09-2011)

Weakness with confirmation through sustaining below 4940 was told immediately after 1st hour today when Indian markets were positive and Indian markets slipped as well as hovering around 4840 for the last 4 hours. Range bound market today with selling at higher levels and buying also at lower levels.

As more selling at higher levels therefore weakness possibility in coming sessions turns higher.

Post-open Outlook-2(28-09-2011)

Nifty is trading between 4950-5000 since opening and slipped also from higher levels after today opening as well weakness indications from intraday charts also but confirmations will be sustaining below 4940 because market require complete selling patterns for any decisive down moves. Let market compeletely prepare then final conclusions will be drawn and will be updated.

Be Bearish below 4940 only.

Post-open Outlook(28-09-2011)

We never gossip and speculate as well as always try to update accurate projections. This fact can be verified from our last 4 years record in this Blog and orkut.com communities.

Whatsoever we told for today markets opening and firstly trading range in both previous outlooks all that proved 100% accurate. We posted following topic at 12:45:00 AM today,just go through and Keep in mind because you will get long term trend confirmations and trading policy in present market.

Long term trend decider 4720-5229

Flollowing line was told for today initial markets and 100% same is being seen after opening today:-

"firstly quiet markets expected near about yesterday closing(4971) and market will prepare for next moves between 4950-5000" 

Nifty is trading and preparing for next moves between 4950-5000 since opening today. Let market prepare for next moves and then conclusion from intra day charts formations will be updated in next Mid-session Outlooks.

Fist hour intra day patterns are showing weakness indication and confirmation will be sustaining below 4940.

Pre-Open Market Outlook(28-09-2011)

Technical Analysis and Research of EOD,Technical Positions,next possibilities have already been explained in following topics with 1 Chart therefore not being repeated:-

Long term trend decider 4720-5229

Following lines were told for today opening in above mentioned topic:-

US markets are more than 2.5% up at this moment but Asian markets reaction will decide Indian markets opening and today trading first range.


Asian markets did not not reacted so strong and are mixed today morning. Indian markets also traded with mixed patterns within 4955-4980 in last 2 hours yesterday therefore sustaining above 4980 is must for next up moves today. Next immediate resistance is between 5020-5060 therefore firstly quiet markets expected near about yesterday closing(4971) and market will prepare for next moves between 4950-5000.

Long term trend decider 4720-5229

Technical Analysis and Research For 28-09-2011

Nifty-EOD Chart(27-Sep-2011):-

Just click on chart for its enlarged view

Conclusions

Correction started on 05-11-2010 from 6339 and after 9 months correction Nifty is range bound within 4720-5229 for the last 35 sessions. Range bound moves and following lines are being continuously told for this market since 16.09-2011 and also being repeated again:-

1- 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.

2- Investment decisions,long term positions and Portfolio management should be done according to break out of mentioned range.

3- As range bound markets therefore short term targets should remain within range with stop loss beyond range.

Break out of this range will give following moves confirmation:-

1- Sustaining above 5229 will be completion of last 10 months correction and strong rally will be seen to test minimum 200 Day EMA which is today at 5407. I would like add here that new top formation will also be considered after sustaining above 5740.

2- Sustaing below 4720 will mean crashing like situation and then deep down moves will be seen.

Resistances and supports between 4720-5229 are as follows:-

Next supports:-

1- Consolidation between 4758-4805
2  Consolidation between 4832-4881

Next resistances:-

1- Next immediate resistance 5020-5060
2- Strong resistance No.1- 5120-5160
3- Strong resistance No.2- 5167-5220

Global cues led violently volatile markets for the last many sessions and above mentioned ranges as well as technical positions within them will give next decisive moves first indication. I clearly mean to say that:-

1- Selling patterns within supports ranges will be breaking down(crossing 4720) strong indication.
2- Consolidation patterns within resistances ranges will be breaking out(crossing 5229) strong indication.

Market Outlook(28-09-2011)

US markets are more than 2.5% up at this moment but Asian markets reaction will decide Indian markets opening and today trading first range. Next resistance is at 5020 and its testing is possible but sustaining above 5060 will be next sharp up moves confirmation. 

Market require complete selling patterns for any type of down moves and until fresh selling will not develop till then down moves will not be considered.