All trends are down and modt depressed global markets are melting therefore Indian markers tumbled after US Futures and European markets sharp declines. 40 Sessions lows almost tested and today lowest is at 4728 and sustaining beyond this level will write the story of next big moves in the coming sessions.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Pre-Closing Outlook(04-10-2011)
All trends are down and modt depressed global markets are melting therefore Indian markers tumbled after US Futures and European markets sharp declines. 40 Sessions lows almost tested and today lowest is at 4728 and sustaining beyond this level will write the story of next big moves in the coming sessions.
Mid-session Outlook-4(04-10-2011)
Dow's Futures is more than 120 points down and all the Eoropean markets are more than 2.70% to 3.25% down therefore crashing like sentiment and last 40 sessions lowest of 4720 has been almost tested.
As all of a sudden Global sentiment turned most depressed in last one hour and crashing like Global cues led down moves today therefore sustaining beyond 4720 will be watched first because that will decide fate of 40 days range bound moves and Long term Indian markets trend also.
As all of a sudden Global sentiment turned most depressed in last one hour and crashing like Global cues led down moves today therefore sustaining beyond 4720 will be watched first because that will decide fate of 40 days range bound moves and Long term Indian markets trend also.
Mid-session Outlook-3(04-10-2011)
Dow's Futures was 100 points down and huge gap down European markets opening therefore down moves triggered in Indian markets today and Nifty slipped toward today new lows.All the Eoropean markets are more than 2% down therefore crashing like sentiment formations and nifty slipped below 4825 also. Next support is near 4760 therefore its testing is possible now.
Mid-session Outlook-2(04-10-2011)
Good recovery seen from lower levels and Indian markets are out performing Global markets also today but confirmation is must through sustaining above 4850 therefore following lines of today Mid-session Outlook should be kept in mind:-
"Although Indian markets are showing strength today but sustaining above 4850 will be watched first and sustaining above will be confirmation of base formation between 4825-4850 and then sharp Pull back rally will be seen"
"Although Indian markets are showing strength today but sustaining above 4850 will be watched first and sustaining above will be confirmation of base formation between 4825-4850 and then sharp Pull back rally will be seen"
Proofs of 100% Accurate Analysis
strong signal of strength in Indian markets today
We never posted for weakness in all the previous 4 outlooks even after crashing global cues and also told for strength in Indian markets. Strong recovery as well as positive zone trading is being seen in Indian markets at this moment.
Mid-session Outlook(04-10-2011)
When all the Asian markets and Dow's Futures was slipping then importance of 4825-4850 and Indian markets strength was told in following lines in Post-open Outlook today:-
As Nifty consolidated between 4825-4850 yesterday therefore trading between this range despite most depressing Global markets and it is a strong signal of strength in Indian markets today
Nifty traded most of the time between or above mentioned range(4825-4850). As consolidation between this range therefore follow up moves and sustaining beyond this range will be crucial in today like most depressing sentiments.
Although Indian markets are showing strength today but sustaining above 4850 will be watched first and sustaining above will be confirmation of base formation between 4825-4850 and then sharp Pull back rally will be seen.
As Nifty consolidated between 4825-4850 yesterday therefore trading between this range despite most depressing Global markets and it is a strong signal of strength in Indian markets today
Nifty traded most of the time between or above mentioned range(4825-4850). As consolidation between this range therefore follow up moves and sustaining beyond this range will be crucial in today like most depressing sentiments.
Although Indian markets are showing strength today but sustaining above 4850 will be watched first and sustaining above will be confirmation of base formation between 4825-4850 and then sharp Pull back rally will be seen.
Post-open Outlook(04-10-2011)
Dow's Futures was about 20 points down since morning but slipped in last 15 minutes and is now more than 60 points down,Asian markets also following this move and Hang Sang now more than 260 points down from 120 points previous down.
As Nifty consolidated between 4825-4850 yesterday therefore trading between this range despite most depressing Global markets and it is a strong signal of strength in Indian markets today. Sustining beyond this range will be next moves confirmation therefore will be watched first today.
As Nifty consolidated between 4825-4850 yesterday therefore trading between this range despite most depressing Global markets and it is a strong signal of strength in Indian markets today. Sustining beyond this range will be next moves confirmation therefore will be watched first today.
Pre-open Outlook(04-10-2011)
US markets closed more than 2.38% down yesterday and in reaction all the Asian markets also .25% to 4.45% down therefore weak opening will be seen in Indian markets. As Sentiment is weak today morning therefore Nifty will trade near lower levels of yesterday trading range(4824-4874). Consolidation seen 4825-4850 yesterday and fresh selling is required for moving below yesterday trading range.
Sustaining below 4825 will mean high possibility of 4720 testing. Sustining above 4850 will be confirmation of base formation between 4825-4850 and then Pull Back rally will be considered. Sustaining beyond 4825-4850 will be next moves first indication therefore this move will be watched first after weak opening today.
Sustaining below 4825 will mean high possibility of 4720 testing. Sustining above 4850 will be confirmation of base formation between 4825-4850 and then Pull Back rally will be considered. Sustaining beyond 4825-4850 will be next moves first indication therefore this move will be watched first after weak opening today.
FII & DII trading activity in Capital Market Segment on 03-Oct-2011
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Nifty-Micro Analysis of Intra Day Chart For 04-10-2011
Nifty-Intra Day Chart(03-Oct-2011):-
Technical Patterns and Formations in today intraday charts
1- Good consolidation between 4825-4850
2- Whole day trading between 4824-4874
Conclusions
Whole day intraday patterns are showing consolidation formations therefore up move hopes from tomorrow are high. Only caveat is crashing Global markets otherwise up moves are expected tomorrow after good intraday consolidation and base formation today.
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| Just click on chart for its enlarged view |
1- Good consolidation between 4825-4850
2- Whole day trading between 4824-4874
Conclusions
Whole day intraday patterns are showing consolidation formations therefore up move hopes from tomorrow are high. Only caveat is crashing Global markets otherwise up moves are expected tomorrow after good intraday consolidation and base formation today.
Indian Stock Markets Closing Reports(03-Oct-2011)
Main features of today trading are as follows
1- Deep Red closing
2- All the Indices closed in Red.
3- Hammer like Candle.
Ratios
Nifty Put Call Ratio: 1.26
Nifty P/E Ratio(03-Oct-2011): 17.51
Advances & Declines
BSE ADVANCES : 879
BSE DECLINES : 1915
NSE ADVANCES : 334
NSE DECLINES : 1096
Nifty Open Interest Changed Today
Nifty- 4800 CE(Oct)- +338500(+23.28%)
Nifty- 4800 PE(Oct)- +1154300(+21.44%)
Nifty- 4900 CE(Oct)- +809350(+44.14%)
Nifty- 4900 PE(Oct)- -139800(-3.80%)
Closing
Nifty- closed at 4,849.50(-93.75 Points & -1.90%)
Sensex- closed at 16,151.45(-302.31 Points & -1.84% )
CNX MIDCAP - closed at 6,961.20(-132.80 Points & -1.87%)
BSE SMALL CAP- closed at 6,779.16(-101.92 Points & -1.48%)
Nifty Spot-Levels & Trading Strategy for 04-10-2011
Nifty Spot-Levels
R3 4933
R2 4906
R1 4877
Avg 4850
S1 4821
S2 4794
S3 4765
Nifty Spot-Trading Strategy
H6 4905 Trgt 2
H5 4892 Trgt 1
H4 4879 Long breakout
H3 4864 Go Short
H2 4859
H1 4854
L1 4843
L2 4838
L3 4833 Long
L4 4818 Short Breakout
L5 4805 Trgt 1
L6 4792 Trgt 2
R3 4933
R2 4906
R1 4877
Avg 4850
S1 4821
S2 4794
S3 4765
Nifty Spot-Trading Strategy
H6 4905 Trgt 2
H5 4892 Trgt 1
H4 4879 Long breakout
H3 4864 Go Short
H2 4859
H1 4854
L1 4843
L2 4838
L3 4833 Long
L4 4818 Short Breakout
L5 4805 Trgt 1
L6 4792 Trgt 2
Nifty(Oct Fut)-Levels & Trading Strategy for 04-10-2011
Nifty(Oct Fut)-Levels
R3 4952
R2 4915
R1 4886
Avg 4849
S1 4820
S2 4783
S3 4754
Nifty(Oct Fut)-Trading Strategy
H6 4923 Trgt 2
H5 4908 Trgt 1
H4 4893 Long breakout
H3 4875 Go Short
H2 4869
H1 4863
L1 4850
L2 4844
L3 4838 Long
L4 4820 Short Breakout
L5 4805 Trgt 1
L6 4790 Trgt 2
R3 4952
R2 4915
R1 4886
Avg 4849
S1 4820
S2 4783
S3 4754
Nifty(Oct Fut)-Trading Strategy
H6 4923 Trgt 2
H5 4908 Trgt 1
H4 4893 Long breakout
H3 4875 Go Short
H2 4869
H1 4863
L1 4850
L2 4844
L3 4838 Long
L4 4820 Short Breakout
L5 4805 Trgt 1
L6 4790 Trgt 2
Bank Nifty(Oct Fut)-Levels & Trading Strategy for 04-10-2011
Bank Nifty(Oct Fut)-Levels
R3 9546
R2 9447
R1 9314
Avg 9215
S1 9082
S2 8983
S3 8850
Bank Nifty(Oct Fut)-Trading Strategy
H6 9415 Trgt 2
H5 9362 Trgt 1
H4 9309 Long breakout
H3 9245 Go Short
H2 9224
H1 9203
L1 9160
L2 9139
L3 9118 Long
L4 9054 Short Breakout
L5 9001 Trgt 1
L6 8948 Trgt 2
R3 9546
R2 9447
R1 9314
Avg 9215
S1 9082
S2 8983
S3 8850
Bank Nifty(Oct Fut)-Trading Strategy
H6 9415 Trgt 2
H5 9362 Trgt 1
H4 9309 Long breakout
H3 9245 Go Short
H2 9224
H1 9203
L1 9160
L2 9139
L3 9118 Long
L4 9054 Short Breakout
L5 9001 Trgt 1
L6 8948 Trgt 2
Pre-Closing Outlook(03-10-2011)
Range bound markets between 4823.90-4879.15 after gap down opening today. As Nifty moved below 4835 therefore gap of 27-09-2011 has been filled up today and gap support has been terminated. Intraday patterns are suggesting consolidations therefore up moves hopes from today levels is alive despite depressing Global cues led deep Red closing today.
US and European cues led global cues led violent voltality nowadays therefore cautious approach is required. Follow up consolidation tomorrow and moves above today range(4880) will be next upmoves confirmations therefore will be watched first for next short term up moves confirmations.
US and European cues led global cues led violent voltality nowadays therefore cautious approach is required. Follow up consolidation tomorrow and moves above today range(4880) will be next upmoves confirmations therefore will be watched first for next short term up moves confirmations.
Pre-Open Market Outlook(03-10-2011)
US markets tumbled heavily and closed more than 2.15% down after crucial data anouncement and in reaction all the Asian markets are 2.00% to 3.85% down except China.No releaf and heavy blows from Global markets therefore gap down opening today and all the supports above 4900 will be broken down today. Next support is gap support of 27-09-2011(between 4835-4905) and Nifty will firstly trade between this range today.
Nifty is range bound 4720-5229 for the last 38 sessions with strong resistances at higher levels and weak supports near 4720. Importance of this range has alreay been posted many times and this range break out will decide the fate of 11 months old correction in following manner:-
1- Break out(above 5229) will mean 11 months correction completion.
2- Break down(below 4720) will mean beginning of fresh phase of deeper fast correction.
Markets are not trending and global cues are also playing most crucial role in last 38 sessions market. Next moves beyond gap support of 27-09-2011(between 4835-4905) will be understood according to intraday charts formations of today and will be updated accordingly in Mid-session Outlooks.
Nifty is range bound 4720-5229 for the last 38 sessions with strong resistances at higher levels and weak supports near 4720. Importance of this range has alreay been posted many times and this range break out will decide the fate of 11 months old correction in following manner:-
1- Break out(above 5229) will mean 11 months correction completion.
2- Break down(below 4720) will mean beginning of fresh phase of deeper fast correction.
Markets are not trending and global cues are also playing most crucial role in last 38 sessions market. Next moves beyond gap support of 27-09-2011(between 4835-4905) will be understood according to intraday charts formations of today and will be updated accordingly in Mid-session Outlooks.
Nifty-Micro Analysis of Intra Day Chart For 03-10-2011
Nifty-Intra Day Chart(30-Sep-2011):-
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| Just click on chart for its enlarged view |
1- Selling between 5000-5025
2- Last one and half hour support between 4925-4945
3- Down moves in falling channel
4- Whole day trading between 4924-5025
Conclusions
Down moves in falling channel after higher levels selling between 5000-5025 but last one and half hour support also between 4925-4945 therefore expected that Nifty will open and firstly trade between 4906-5034 on Monday. As today intraday patterns are showing consolidation formations and last one and half hour support between 4925-4945 also therefore positive markets hopes are alive in Indian markets.
Although US Futures are more than .75% down and European markets are also 15 to 2.5% down at this moment but Indian markets intraday patterns of today are showing consolidation patterns therefore up moves hopes are alive for next Monday.
Indian Stock Markets Closing Reports(30-Sep-2011)
Main features of today trading are as follows
1- Bearish Harami Candle.
2- All the Indices closed in Red except CD.
3- Closing near day's lower levels.
Ratios
Nifty Put Call Ratio: 1.33
Nifty P/E Ratio(30-Sep-2011): 17.85
Advances & Declines
BSE ADVANCES : 1020
BSE DECLINES : 1731
NSE ADVANCES : 479
NSE DECLINES : 927
Nifty Open Interest Changed Today
Nifty- 4900 CE(Sep)- +478200(+35.13%)
Nifty- 4900 PE(Sep)- +649400(+20.98%)
Nifty- 5000 CE(Sep)- +921400(+32.35%)
Nifty- 5000 PE(Sep)- +118200(+3.92%)
Nifty- 5100 CE(Sep)- +889750(+39.75%)
Nifty- 5100 PE(Sep)- +28150(+2.96%)
Closing
Nifty- closed at 4,943.25(-72.20 Points & -1.44%)
Sensex- closed at 16,453.76(-244.31 Points & -1.46% )
CNX MIDCAP - closed at 7,094.00(-24.95 Points & -0.35%)
BSE SMALL CAP- closed at 6,881.08(-61.09 Points & -0.88%)
1- Bearish Harami Candle.
2- All the Indices closed in Red except CD.
3- Closing near day's lower levels.
Ratios
Nifty Put Call Ratio: 1.33
Nifty P/E Ratio(30-Sep-2011): 17.85
Advances & Declines
BSE ADVANCES : 1020
BSE DECLINES : 1731
NSE ADVANCES : 479
NSE DECLINES : 927
Nifty Open Interest Changed Today
Nifty- 4900 CE(Sep)- +478200(+35.13%)
Nifty- 4900 PE(Sep)- +649400(+20.98%)
Nifty- 5000 CE(Sep)- +921400(+32.35%)
Nifty- 5000 PE(Sep)- +118200(+3.92%)
Nifty- 5100 CE(Sep)- +889750(+39.75%)
Nifty- 5100 PE(Sep)- +28150(+2.96%)
Closing
Nifty- closed at 4,943.25(-72.20 Points & -1.44%)
Sensex- closed at 16,453.76(-244.31 Points & -1.46% )
CNX MIDCAP - closed at 7,094.00(-24.95 Points & -0.35%)
BSE SMALL CAP- closed at 6,881.08(-61.09 Points & -0.88%)
FII & DII trading activity in Capital Market Segment on 30-Sep-2011
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Nifty Spot-Levels & Trading Strategy for 03-10-2011
Nifty Spot-Levels
R3 5099
R2 5062
R1 4998
Avg 4961
S1 4897
S2 4860
S3 4796
Nifty Spot-Trading Strategy
H6 5035 Trgt 2
H5 5012 Trgt 1
H4 4989 Long breakout
H3 4961 Go Short
H2 4952
H1 4943
L1 4924
L2 4915
L3 4906 Long
L4 4878 Short Breakout
L5 4855 Trgt 1
L6 4832 Trgt 2
R3 5099
R2 5062
R1 4998
Avg 4961
S1 4897
S2 4860
S3 4796
Nifty Spot-Trading Strategy
H6 5035 Trgt 2
H5 5012 Trgt 1
H4 4989 Long breakout
H3 4961 Go Short
H2 4952
H1 4943
L1 4924
L2 4915
L3 4906 Long
L4 4878 Short Breakout
L5 4855 Trgt 1
L6 4832 Trgt 2
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