Post-open Outlook(12-10-2011)

Following support was given in all the 3 previous outlooks despite sharp down moves yesterday:-

support between 4968-4978.

Nifty opened and trading above this range since opening today.

Strong Indian markets after INFY Quarterly results today but Selling seen between 5030-5040 also yesterday therefore this range is immediate resistance. Sustaining above 5040 will be confirmation of yesterday correction completion and then strong rally will be seen after crosssing old resistance of 5060.

Sentiment sparked after good INFY Quarterly results therefore news based strong market today and sustaining above 5040 will be firstly watched for next up moves confirmations.

Pre-open Outlook(12-10-2011)

Almost flat Indian markets closing yesterday after loosing more than 1% intraday gains but INFY results may show decisive direction to Indian markets and will confirm the fate of 4 sessions old pull back rally.

Although good higher level selling yesterday and down moves possibilities today are equally strong but RIL and INFY Quarterly results had been Indian markets trend setters many times therefore should be firstly watched today. 

Dow's Futures is more than 60 points down today morning and all the Asian markets are also trading in Red therefore sentiment is weak. Indian markets may be volatile immediately after opening today and finally sustaining beyond 4968-4978 will be next moves confirmation.

Nifty-Micro Analysis of Intra Day Chart For 12-10-2011

Nifty-Intra Day Chart(11-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5030-5040.
2- Selling between 5005-5017.
3- Minor intraday support between 4968-4978.
4- Whole day trading between 4964-5045

Conclusions

Profit booking possibility was clearly told before the opening of market in Pre-open Outlook(11-10-2011) and it was seen also as well as markets closed in Red after loosing more than 1% gains. Clear selling at higher levels therefore complete consolidation is required for any type of up moves and follow up selling as well as sustaining below 4964 will be confirmation 4 days old Pull back rally termination with sharp fall as well.

Good higher level selling but minor intraday support at lower level also between 4968-4978 therefore firstly sustaining beyond this range will be watched for next moves confirmation despite whatsoever Infosys Tech. Quarterly results and mentioned 10 points range will decide the fate of 4 days old Pull back rally. 

Indian Stock Markets Closing Reports(11-Oct-2011)

Main features of today trading are as follows

1- Benchmark Indices closed flat.
2- Black Candle
3- Correction of yesterday rally
4- Most Indices closed flat to minor loss/gains except IT which closed about 25 loss.

Ratios

Nifty Put Call Ratio: 1.23
Nifty P/E Ratio(11-Oct-2011): 18.01

Advances & Declines

BSE ADVANCES : 1536
BSE DECLINES : 1275
NSE ADVANCES :  823
NSE DECLINES :  599

Nifty Open Interest Changed Today

Nifty- 4900 CE(Oct)- -220250(-8.64%)
Nifty- 4900 PE(Oct)- +49750(+1.00%)

Nifty- 5000 CE(Oct)- +713400(+17.55%)
Nifty- 5000 PE(Oct)- +364250(+10.60%)

Nifty- 5100 CE(Oct)- +895900(+22.16%)
Nifty- 5100 PE(Oct)- +180850(+17.32%)

Closing 

Nifty- closed at 4,974.35(-5.25 Points & -0.11%)
Sensex- closed at 16,536.47(-20.76 Points & -0.13% )
CNX MIDCAP - closed at 6,997.75(+10.85 Points & +0.16%)
BSE SMALL CAP- closed at 6,802.09(+15.13 Points & +0.22%)

Nifty Spot-Levels & Trading Strategy for 12-10-2011

Nifty Spot-Levels

R3 5105.67
R2 5075.33
R1 5024.67
Avg 4994.33
S1 4943.67
S2 4913.33
S3 4862.67

Nifty Spot-Trading Strategy

H6 5055     Trgt 2
H5 5036     Trgt 1
H4 5018     Long breakout
H3 4996     Go Short
H2 4988
H1 4981
L1 4966
L2 4959
L3 4951     Long
L4 4929     Short Breakout
L5 4911     Trgt 1
L6 4892     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 12-10-2011

Nifty(Oct Fut)-Levels

R3 5119.67
R2 5087.33
R1 5034.67
Avg 5002.33
S1 4949.67
S2 4917.33
S3 4864.67

Nifty(Oct Fut)-Trading Strategy

H6 5067     Trgt 2
H5 5047     Trgt 1
H4 5028     Long breakout
H3 5005     Go Short
H2 4997
H1 4989
L1 4974
L2 4966
L3 4958     Long
L4 4935     Short Breakout
L5 4916     Trgt 1
L6 4896     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 12-10-2011

Bank Nifty(Oct Fut)-Levels

R3 9552.33
R2 9462.67
R1 9319.33
Avg 9229.67
S1 9086.33
S2 8996.67
S3 8853.33

Bank Nifty(Oct Fut)-Trading Strategy

H6 9409     Trgt 2
H5 9357     Trgt 1
H4 9304     Long breakout
H3 9240     Go Short
H2 9218
H1 9197
L1 9154
L2 9133
L3 9111     Long
L4 9047     Short Breakout
L5 8994     Trgt 1
L6 8942     Trgt 2

FII Trading Data in Derivatives Segment on 11-Oct-2011

FII & DII trading activity in Capital Market Segment on 11-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 11-Oct-2011 2821.63 2707.48 114.15

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Oct-2011 1338.5 1230.33 108.17

Pre-Closing Outlook(11-10-2011)

Following line was clearly told before the opening of today market in Pre-open Outlook today:-

Profit booking develops in today like sentiments therefore cautious approach is required.

Profit booking developed immediately after opening and Indian markets tumbled from higher levels,lost more than 1% gains and traded .30% down also. Good intra day selling at higher levels and minor intraday support also seen at lower level between 4968-4978.

It is premature to say at this moment that 3 days belore started pull back rally is over,sentiment was overheated therefore profit booking was expected today and seen also. Let follow up selling/buying deveop tomorrow then fate of on going rally will be decided and sustaining beyond today trading range(4964-5045) will be next moves confirmation.

Mid-session Outlook-3(11-10-2011)

Nitfy moved above 5010 but could not sustained above.slipped and again trading within 5093-5010. Fresh selling signals are also seen today between between  5008-5018 and sustaining below this range will be down moves strong indications.

Mid-session Outlook-2(11-10-2011)

Nifty slipped after higher levels profit booking but minor intraday support also seen between 5093-5010 therefore sustaining beyond this range will be watched today for next moves confirmations.

Mid-session Outlook(11-10-2011)

Continuation of rally was told for today market and Indian markets remained .50% to 1.00% up since opening today. Profit booking possibility and sustaining above 5060 condition was also told for today market in Pre-open Outlook(11-10-2011) and Nifty could not move up as well as slipped from higher levels after profit booking and forming high at 5045..

Profit Booking seen within resistance range and strong supports are at much lower levels. Intraday patterns are suggesting selling at higher levels and no support formation seen yet. More down moves possibilities can not be ruled out.

Pre-open Outlook(11-10-2011)

Strong global markets and sentiment is heated today morning and sustaining above first resistance(5060) is must for next up moves confirmations. Profit booking develops in today like sentiments therefore cautious approach is required.

Just watch sustaining above 5060.

Nifty-Micro Analysis of Intra Day Chart For 11-10-2011

Nifty-Intra Day Chart(10-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intra day charts

1- Consolidation between 4885-4898
2- Consolidation between 4936-4959
3- Rising Channel Up move between 4950-4991
4- Last one hour Trading between Resistance Range 4980-4991
5- Whole day trading between 4884-4990

Conclusions

Whole day up moves with regular intraday consolidations. No intraday selling patterns and last one hour trading also seen between next resistance range(4960-5022). Global markets are blasting therefore sentiment has improved and continuation of on going rally expected in the coming sessions after higher levels consolidations.

We are not telling for up moves on the back of strong global cues today but We are continuously telling only for up moves since 05-10-2011 and its genuine proofs have also been updated in following 2 topics on 10-10-2011:-

1- Proofs of 100% accurate Nifty Predictions in our Blog
2- Up Moves Predictions of 05-Oct-2011 proved 100% true today

Resistances at higher levels according to its strength has been updated in following topic today:-

Technical Analysis,Researches & Market Outlook(11-10-2011)

Technical Analysis,Researches & Market Outlook(11-10-2011)

Nifty-EOD Chart(10-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Correction begun on 05-11-2010  in Falling Trend Line from 6338
2- 43 sessions range bound market between 4720-5229 at the lowest levels of correction.

Conclusions

Don't be Bullish or Bearish & only wait for sustaining beyond or forceful break out of 4720-5229 for next long term trend confirmation and:-

1- Above 5229 will be strong indication of 11 months correction termination.
2- Below 4720 will be confirmation of correction continuation.As up side break out is expected therefore levels below 4720 is not being given at this moment.

We are not telling today for 43 sessions range bound(4720-5229) but when Nifty made 4728 on 04-10-2011 then also we told following line in Technical Analysis and Research For 05-10-2011:-

1- "expected that Nifty will not sustain below 4720 at this moment"

Following guidance was also given in same topic:-

2- "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"

Nifty could not move below 4720 and strong rally begun from 05-10-2011. Next resistances are as follows:-

1- 4960-5022(Now weak)
2- Minor resistances upto 5060
3- Gap resistance between 5060-5110( of 22-09-2011)
4- Resistance between 5145-5169(Strong)

Rally is continued and above resistances are also at higher levels therefore more consolidation is required. No selling signal yet and global markets are also shooting up therefore positive market and continuation of on going rally is expected today. 

Resistance between 5145-5169 is strong and sustaining beyond will be next moves first indication. 

FII Trading Data in Derivatives Segment on 10-Oct-20111

FII & DII trading activity in Capital Market Segment on 10-Oct-20111

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 10-Oct-20111 2439.48 2227.77 211.71

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Oct-20111 1133.52 1170.65 -37.13

Indian Stock Markets Closing Reports(10-Oct-2011)

Main features of today trading are as follows

1- Long White Candle.
2- All the Indices closed in Green except HC
3- Tested and traded more than one hour within crucial resistance range 4960-5022,follow up consolidation and sustaining above 5022 will mean strong rally .

Ratios

Nifty Put Call Ratio: 1.22
Nifty P/E Ratio(10-Oct-2011): 18.03

Advances & Declines

BSE ADVANCES : 1692
BSE DECLINES : 1095
NSE ADVANCES : 950
NSE DECLINES : 476

Nifty Open Interest Changed Today

Nifty- 4800 CE(Oct)- -690750(-24.34%)
Nifty- 4800 PE(Oct)- +642800(+9.02%)

Nifty- 4900 CE(Oct)- -1035500(-28.62%)
Nifty- 4900 PE(Oct)- +1497350(+42.11%)

Nifty- 5000 CE(Oct)- -297450(-6.66%)
Nifty- 5000 PE(Oct)- +1221450(+52.17%)

Closing 

Nifty- closed at 4,979.60(+91.55 Points & +1.87%)
Sensex- closed at 16,557.23(+324.69 Points & +2.00%)
CNX MIDCAP - closed at 6,989.70(+92.75 Points & +1.35%)
BSE SMALL CAP- closed at 6,786.96(+65.41 Points & +0.97%)

Nifty Spot-Levels & Trading Strategy for 11-10-2011

Nifty Spot-Levels

R3 5128
R2 5059
R1 5019
Avg 4950
S1 4910
S2 4841
S3 4801

Nifty Spot-Trading Strategy

H6 5090     Trgt 2
H5 5064     Trgt 1
H4 5038     Long breakout
H3 5008     Go Short
H2 4998
H1 4988
L1 4969
L2 4959
L3 4949     Long
L4 4919     Short Breakout
L5 4893     Trgt 1
L6 4867     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2011

Nifty(Oct Fut)-Levels

R3 5148
R2 5076
R1 5034
Avg 4962
S1 4920
S2 4848
S3 4806

Nifty(Oct Fut)-Trading Strategy

H6 5109     Trgt 2
H5 5082     Trgt 1
H4 5055     Long breakout
H3 5024     Go Short
H2 5013
H1 5003
L1 4982
L2 4972
L3 4961     Long
L4 4930     Short Breakout
L5 4903     Trgt 1
L6 4876     Trgt 2