Nifty Spot-Weekly Levels & Trading Strategy(Oct 10 to Oct 14,2011)

Nifty Spot-Weekly Levels

R3 5158
R2 5040
R1 4964
Avg 4846
S1 4770
S2 4652
S3 4576

Nifty Spot-Weekly Trading Strategy 

H6 5088     Trgt 2
H5 5041     Trgt 1
H4 4994     Long breakout
H3 4941     Go Short
H2 4923
H1 4905
L1 4870
L2 4852
L3 4834     Long
L4 4781     Short Breakout
L5 4734     Trgt 1
L6 4687     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 10 to Oct 14,2011)

Bank Nifty Spot-Weekly Levels

R3 10082
R2 9707
R1 9375
Avg 9000
S1 8668
S2 8293
S3 7961

Bank Nifty Spot-Weekly Trading Strategy 

H6 9784     Trgt 2
H5 9608     Trgt 1
H4 9431     Long breakout
H3 9237     Go Short
H2 9172
H1 9107
L1 8978
L2 8913
L3 8848     Long
L4 8654     Short Breakout
L5 8477     Trgt 1
L6 8301     Trgt 2

Pre-Closing Outlook(07-10-2011)

Dow's Futures is more 40 points down and all the European markets also slipped from intraday higher levels and now more than .40% down. Although Indian markets slipped from higher levels but intraday patterns are not showing pure selling and are mixed as well as support also seen at lower levels between 4862-4872. As mixed trading patterns today therefore Next moves confirmation will be sustaining beyond today trading range(4862-4922)

Firstly more consolidation and then continuation of rally expected in the coming week.

Post-open Outlook(07-10-2011)

We told only and only for lower levels at 4720 in all the last 2 months outlooks and never gave any level below 4720 and Indian markets rebounded exactly from 4728 on 04-10-2011.

Anyone can verify above fact from our outlooks in this Blog.

As consolidation therefore we were expecting upmoves but down moves were seen due to crashing global markets. As soon as Global markets recovers then huge gap up opening and strong Indian markets seen today. We gave following resistance in Pre-open Outlook(07-10-2011):-

4879-4924(Gap of 03-10-2011)

Nifty is trading between 4890-4910 for the last 40 minutes today. Follow up buying and strong closing as well as continuation of today started rally expected after crossing of above resistance.

Pre-open Outlook(07-10-2011)

Strong Global markets therefore positive opening will be seen today but when there was no such cue and Indian markets closed at the lowest of the day on  05-10-2011 then we told 2 days before for today up moves and told following lines:-

1- In Technical Analysis and Research For 07-10-2011:- "whole day intraday patterns are showing consolidations therefore up moves will begin in the coming 1/2 sessions"

2- In Indian Stock Markets Closing Reports(05-Oct-2011):- "Intraday charts are showing consolidationa and up moves beginning are expected from next week"

Good consolidations as well as base formation was seen above this crucial level of 4720 in last 2 days and Global markets strong also therefore up moves will be seen today and following resistances crossing will be strong rally confirmation:-

1- 4830-4875
3- 4879-4924(Gap of 03-10-2011)

As good consolidations and base formations in last 2 sessions therefore firstly follow up buying and then Green closing after whole day positive zone trading expected today.

Technical Analysis and Research For 07-10-2011

Nifty-Intra Day Chart(Oct 04 and Oct 05,2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 sessions intraday charts

Lower levels good consolidations and base formations between 4740-4790 in last 2 days

Nifty-Intra Day Chart(05-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Good consolidations and base formations between 4742-4790 
2- Whole day intraday consolidation patterns
3- Whole day trading between 4742-4825


Conclusions

41 sessions lowest is at 4720 and consolidations as well as base formation seen above this crucial level in last 2 days. Although Red closing on 05-10-2011 but whole day intraday patterns are showing consolidations therefore up moves will begin in the coming 1/2 sessions and range bound character(4720-5229) of last 41 sessions will remain continued in the coming week. 

Indian Stock Markets Closing Reports(05-Oct-2011)

Main features of today trading are as follows

1- Most Indices closed near day's lowest.
2- Most Indices closed in Red except HC,FMCG,Reality and IT.
3- Intraday charts are showing consolidationa and up moves beginning are expected from next week.

Ratios

Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(05-Oct-2011): 17.16

Advances & Declines

BSE ADVANCES : 1061
BSE DECLINES : 1711
NSE ADVANCES : 492
NSE DECLINES : 940

Nifty Open Interest Changed Today

Nifty- 4700 CE(Oct)- +22100(+2.13%)
Nifty- 4700 PE(Oct)- +97350(+1.31%)

Nifty- 4800 CE(Oct)- +560650(+20.09%)
Nifty- 4800 PE(Oct)- -58600(-0.90%)

Nifty- 4900 CE(Oct)- +211900(+6.36%)
Nifty- 4900 PE(Oct)- -28300(-0.96%)

Closing 

Nifty- closed at 4,751.30(-20.85 Points & -0.44%)
Sensex- closed at 15,792.41(-72.45 Points & -0.46% )
CNX MIDCAP - closed at 6,821.00(-53.30 Points & -0.78%)
BSE SMALL CAP- closed at 6,644.90(-60.03 Points & -0.90%)

FII Trading Data in Derivatives Segment on 05-Oct-2011

FII & DII trading activity in Capital Market Segment on 05-Oct-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-Oct-2011 2025.78 3034.65 -1008.87

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Oct-2011 1153.21 830.81 322.4

Nifty Spot-Levels & Trading Strategy for 07-10-2011

Nifty Spot-Levels

R3 4891
R2 4859
R1 4805
Avg 4773
S1 4719
S2 4687
S3 4633

Nifty Spot-Trading Strategy

H6 4837     Trgt 2
H5 4817     Trgt 1
H4 4798     Long breakout
H3 4774     Go Short
H2 4766
H1 4758
L1 4743
L2 4735
L3 4727     Long
L4 4703     Short Breakout
L5 4684     Trgt 1
L6 4664     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 07-10-2011

Nifty(Oct Fut)-Levels

R3 4923
R2 4883
R1 4826
Avg 4786
S1 4729
S2 4689
S3 4632

Nifty(Oct Fut)-Trading Strategy

H6 4866     Trgt 2
H5 4844     Trgt 1
H4 4822     Long breakout
H3 4795     Go Short
H2 4786
H1 4777
L1 4760
L2 4751
L3 4742     Long
L4 4715     Short Breakout
L5 4693     Trgt 1
L6 4671     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 07-10-2011

Bank Nifty(Oct Fut)-Levels

R3 9290
R2 9145
R1 8927
Avg 8782
S1 8564
S2 8419
S3 8201

Bank Nifty(Oct Fut)-Trading Strategy

H6 9076     Trgt 2
H5 8992     Trgt 1
H4 8909     Long breakout
H3 8809     Go Short
H2 8776
H1 8743
L1 8676
L2 8643
L3 8610     Long
L4 8510     Short Breakout
L5 8427     Trgt 1
L6 8343     Trgt 2

Pre-Closing Outlook(05-10-2011)

US Futures led huge intraday Volatility is latest feature in Indian markets. Dow's Futures recovered from 115 down and When 55 points down then resultant good recovery seen in Indian markets also and Nifty was 50 points up from today Mid-Session lower levels. As soon as we saw such fall we immediately updated in Mid-session Outlook-2 and also updated 4760 for geting down moves confirmations.

Nifty moved up and again down and now hovering around 4760. Global cues led highly volatile market today and sustaining beyond following two ranges will be next moves confirmations:-

1- 4760-4780(First indication)
2- 4740-4830(Final Confirmation)

Mid-session Outlook-3(05-10-2011)

Global markets fallen therefore down moves seen in last one hour but some recovery also seen form lower levels after some up moves in Dow's Futures. Nifty is above 7260 and sustaining beyond 5760 will be next moves first indication therefore will be watched first today.

Mid-session Outlook-2(05-10-2011)

Dow Futures is 115 points down and and all the European markets srarted to slip after huge

gap up opening therefore Indian markets also slips from intraday higher levels.  Nifty moved above 4800 but could not sustain and moveed below 4760 also. Sustaining below 4760 will be confirmation of more down moves confirmation and will be watched first
.
http://enjoydailyprofits.blogspot.com/2011/10/mid-session-outlook-205-10-2011.html

Mid-session Outlook-2(05-10-2011)

Dow Futures is 115 points down and and all the European markets srarted to slip after huge gap up opening therefore Indian markets also slips from intraday higher levels.  Nifty moved above 4800 but could not sustain and moveed below 4760 also. Sustaining below 4760 will be confirmation of more down moves confirmation and will be watched first
.

Mid-session Outlook(05-10-2011)

Following line was told in Pre-open Outlook which proved 100% acccurate in first 3 hours today:-

expected that Nifty will first trade near about 4780. Finally some up moves are expected after consolidation within first trading range of 4760-4800

Anyone can verify fom today intraday charts that Nifty traded first 3 hours within mentioned trading range(4760-4800) and after that Nifty moved up according to our up moves expectations.

Good intraday support sen within mentioned range and up moves continuation are expected.

Pre-open Outlook(05-10-2011)

Technical Analysis and Research of EOD ChartS,Technical Positions,next possibilities have already been explained in following topic with 2 Charts therefore not being repeated:-

Technical Analysis and Research For 05-10-2011 

Market moves on technicals,news and sentiments in intraday and short term.Huge volatility and high voltage contradictory news flows nowadays. Steep fall seen in Indian markets after S.B.I. downgrading news and European markets big fall but 4720 saved and expected that Nifty will sustain above it today and in the coming sessions.

Mixed Global cues today morning and expected that Nifty will first trade near about 4780. Finally some up moves are expected after consolidation within first trading range of 4760-4800 and next moves first indication will sustaining beyond this range.

Technical Analysis and Research For 05-10-2011

Nifty-EOD Chart(04-Oct-2011):-

Just click on chart for its enlarged view

Nifty-EOD Chart(04-Oct-2011):-

Just click on chart for its enlarged view

Conclusions

11 months old correction continuation and Nifty is trading in range bound mode for the last 40 sessions within 4720-5229,its importance is continuously being updated for the last one month. Nifty tested its lower level and formed low at 4728 yesterday. Indian markets are discounting all the positive and negative developments within this range and break down as well as sustaining below 4720 will be confirmation of overruling by negative views and developments.

Nifty is trading and sustaining above 4720 for the last 2 years,sustaining below 4720 will mean breaking down of 2 years Unbrella and it may result like cloud burst therefore 4720 is survival is crucial for next long term trend formation.

It is the character of range bound markets that markets becomes extremely depressed at that lower levels and over enthusiastic at higher levels and markets reverse form that point also therefore first of all sustaining beyond 4720 will be watched today and in the coming sessions. As Global markets are melting and sentiment is completely depressed therefore retesting of 4720 or minor slipping without force below 4720 may be seen but forceful breaking down,huge gap down or sustaining below 4720 is must for its breaking down confirmation.

Long term trend and future of Indian markets is at stake and sustaining beyond 4720 will decide long term future of Indian markets. Although Final conclusions will be drawn according to intraday charts formations and will be updated during trading hours but expected that Nifty will not sustain below 4720 at this moment and 40 sessions range bound market will remain continued despite whatsoever depressing Global sentiments.

FII Trading Data in Derivatives Segment on 04-Oct-2011