Nifty-Micro Analysis of Intra Day Chart For 24-10-2011

Nifty-Intra Day Chart(21-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5102-5120
2- Selling between 5088-5098
3- Whole day trading between 5039-5120

Conclusions

Good selling at higher levels therefore more down moves are expected in the the coming sessions and Nifty may slip below 5000 also in next week. Next supports are as follows:-

1- 5012-5035(Strong support)
2- 4970-4983(Weak support)

Good selling on 21-10-2011 and high possibility of slipping below 5000. Sustaining below 4970 will mean sharp fall.

Indian Stock Markets Closing Reports(21-Oct-2011)

Main features of today trading are as follows

1- All the indices closed in Red except CD.
2- Black Candle.
3- All the indices closed near day's lowest after higher levels good selling.
4- Down moves are expected in next week after good selling at higher levels.

Ratios

Nifty Put Call Ratio: 0.94
Nifty P/E Ratio(21-Oct-2011): 17.99

Advances & Declines

BSE ADVANCES : 1085
BSE DECLINES : 1723
NSE ADVANCES :  494
NSE DECLINES :  926

Nifty Open Interest Changed Today


Nifty- 5000 CE(Oct)- +499050(+14.73%)
Nifty- 5000 PE(Oct)- +231550(+3.75%)

Nifty- 5100 CE(Oct)- +767350(+14.52%)
Nifty- 5100 PE(Oct)- -482800(-10.87%)

Nifty- 5200 CE(Oct)- +476200(+5.64%)
Nifty- 5200 PE(Oct)- -459150(-28.31%)

Closing 

Nifty- closed at 5,049.95(+/-41.95 Points & +/-0.82%)
Sensex- closed at 16,785.64(-151.25 Points & -0.89% )
CNX MIDCAP - closed at 7,008.05(-54.90 Points & -0.78%)
BSE SMALL CAP- closed at 6,825.10(-41.17 Points & -0.60%)

Nifty Spot-Levels & Trading Strategy for 24-10-2011

Nifty Spot-Levels

R3 5184
R2 5152
R1 5101
Avg 5069
S1 5018
S2 4986
S3 4935

Nifty Spot-Trading Strategy

H6 5133     Trgt 2
H5 5114    Trgt 1
H4 5095     Long breakout
H3 5072     Go Short
H2 5065
H1 5057
L1 5042
L2 5034
L3 5027     Long
L4 5004     Short Breakout
L5 4985     Trgt 1
L6 4966     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 24-10-2011

Nifty(Oct Fut)-Levels

R3 5203
R2 5167
R1 5110
Avg 5074
S1 5017
S2 4981
S3 4924

Nifty(Oct Fut)-Trading Strategy

H6 5147     Trgt 2
H5 5126     Trgt 1
H4 5105     Long breakout
H3 5079     Go Short
H2 5071
H1 5062
L1 5045
L2 5036
L3 5028     Long
L4 5002     Short Breakout
L5 4981     Trgt 1
L6 4960     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 24-10-2011

Bank Nifty(Oct Fut)-Levels

R3 9948
R2 9887
R1 9787
Avg 9726
S1 9626
S2 9565
S3 9465

Bank Nifty(Oct Fut)-Trading Strategy

H6 9848     Trgt 2
H5 9811     Trgt 1
H4 9775     Long breakout
H3 9731     Go Short
H2 9716
H1 9701
L1 9672
L2 9657
L3 9642     Long
L4 9598    Short Breakout
L5 9562     Trgt 1
L6 9525     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Oct 24 to Oct 28,2011)

Nifty Spot-Weekly Levels

R3 5175
R2 5112
R1 5136
Avg 5073
S1 5097
S2 5034
S3 5058

Nifty Spot-Weekly Trading Strategy 

H6 5200     Trgt 2
H5 5190     Trgt 1
H4 5181     Long breakout
H3 5170     Go Short
H2 5167
H1 5163
L1 5156
L2 5152
L3 5149     Long
L4 5138     Short Breakout
L5 5129     Trgt 1
L6 5119     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 24 to Oct 28,2011)

Bank Nifty Spot-Weekly Levels

R3 10249
R2 10057
R1 9876
Avg 9684
S1 9503
S2 9311
S3 9130

Bank Nifty Spot-Weekly Trading Strategy 

H6 10075     Trgt 2
H5 9988     Trgt 1
H4 9900     Long breakout
H3 9797     Go Short
H2 9763
H1 9729
L1 9660
L2 9626
L3 9592     Long
L4 9489     Short Breakout
L5 9401     Trgt 1
L6 9314     Trgt 2

FII Trading Data in Derivatives Segment on 21-Oct-2011

FII & DII trading activity in Capital Market Segment on 21-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 21-Oct-2011 1364.41 1598.42 -234.01

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Oct-2011 822.86 749.5 73.36

Pre-Closing Outlook(21-10-2011)

As whole day intraday charts formations are suggesting selling formations therefore more down moves are expected in the next week and Nifty may slip below 5000 also in next week.

Mid-session Outlook-3(21-10-2011)

Although support also seen at lower levels after higher level selling but whole day intraday charts formations are suggesting selling formations therefore down moves are expected in the next week.

Mid-session Outlook-2(21-10-2011)

As soon as selling signals seen then it updated in Mid-session Outlook and markets slipped fast after our message. Although 5108-5125 broken down but strong supports between 5012-5050 therefore complete selling is required to move below 5012.

Next moves preparation and trading range is 5050-5108 and intraday support signals also emerged at lower levels today. Mixed signals today therefore let market ripe for next moves within today trading range(5072-5120) then final conclusions will be drawn from intraday patterns formations and its break out.

Mid-session Outlook(21-10-2011)

Market is positive but selling signals seen therefore keep in mind and watch sustaining beyond 5108-5125 for confirmations.

Post-open Outlook(21-10-2011)

Strong support developed between 5012-5155 in last 6 sessions and complete selling formations are required to move below 5012.

Nifty traded 3 Hours with mixed intra day patterns between 5108-5125 on 17-10-2011 and again same trading on 19-10-2011. Total 6 hours trading with mixed intra day patterns between 5108-5125 in 2 sessions and finally sustaining beyond this range will be next moves confirmations.

Just watch sustaining beyond 5108-5125 for next big moves confirmations.

Technical Analysis and Research For 21-10-2011

Nifty-Intra Day Chart(20-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves in Falling Channel.
2- Consolidation between 5034-5050.
3- Last 2 hours up moves between 5053-5097.
4- Whole day trading between 5034-5097.

Conclusions

On going pull back rally started on 05-10-2011 and its correction begun from 5160 after 8 sessions as well as good support also seen between 5012-5035 on 18-10-2011. As Global markets were bleeding therefore Indian markets dipped sharply after weak opening but again good intraday support and base formation seen between 5034-5050 today.

Huge violent volatility in Global markets nowadays therefore trading levels will be finalised accoring to global mood and sentiment tomorrow morning. Dow Jones is more than 110 points down after European markets near about 2% down closing but in Indian markets good support and base formation at lower levels(5012-5050) in last 6 sessions therefore expected that indian markets will remain range bound between 5012-5155.

Although Indian markets could not sustain at higher levels in last 6 corrective sessions but selling are not strong at higher levels therefore 5012-5155 break out should be watched for next moves confirmations despite whatsoever depressing global markets because good support and base formation between 5012-5050 also.

Indian Stock Markets Closing Reports(20-Oct-2011)

Main features of today trading are as follows

1- Red closing even after good recovery from lower levels.
2- Bullish Hammer candle.
3- All the Indices closed in Red except IT.
4- Good support and base formation at lower levels today.

Ratios

Nifty Put Call Ratio: 1.06
Nifty P/E Ratio(20-Oct-2011): 18.14

Advances & Declines

BSE ADVANCES : 1106
BSE DECLINES : 1713
NSE ADVANCES :  495
NSE DECLINES :  905

Nifty Open Interest Changed Today

Nifty- 5000 CE(Oct)- +1206250(+53.73%)
Nifty- 5000 PE(Oct)- +34900(+0.56%)

Nifty- 5100 CE(Oct)- +1575200(+39.70%)
Nifty- 5100 PE(Oct)- +124550(+2.53%)

Nifty- 5200 CE(Oct)- +1670700(+24.48%)
Nifty- 5200 PE(Oct)- -42250(-2.54%)

Closing 

Nifty- closed at 5,091.90(-47.25 Points & -0.92%)
Sensex- closed at 16,936.89(-148.45 Points & -0.87% )
CNX MIDCAP - closed at 7,062.95(-79.40 Points & -1.11%)
BSE SMALL CAP- closed at 6,866.27(-32.39 Points & -0.47%)

Nifty Spot-Levels & Trading Strategy for 21-10-2011

Nifty Spot-Levels

R3 5181
R2 5140
R1 5115
Avg 5074
S1 5049
S2 5008
S3 4983

Nifty Spot-Trading Strategy

H6 5157     Trgt 2
H5 5142    Trgt 1
H4 5127    Long breakout
H3 5109     Go Short
H2 5103
H1 5097
L  5084
L2 5078
L3 5072    Long
L4 5054     Short Breakout
L5 5039     Trgt 1
L6 5024     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 21-10-2011

Nifty(Oct Fut)-Levels

R3 5209
R2 5160
R1 5131
Avg 5082
S1 5053
S2 5004
S3 4975

Nifty(Oct Fut)-Trading Strategy

H6 5181     Trgt 2
H5 5162     Trgt 1
H4 5144     Long breakout
H3 5123     Go Short
H2 5116
H1 5109
L1 5094
L2 5087
L3 5080     Long
L4 5059     Short Breakout
L5 5041     Trgt 1
L6 5022     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 21-10-2011

Bank Nifty(Oct Fut)-Levels

R3 10023
R2 9908
R1 9840
Avg 9725
S1 9657
S2 9542
S3 9474

Bank Nifty(Oct Fut)-Trading Strategy

H6 9958     Trgt 2
H5 9915     Trgt 1
H4 9872     Long breakout
H3 9822     Go Short
H2 9805
H1 9788
L1 9755
L2 9738
L3 9721     Long
L4 9671     Short Breakout
L5 9628     Trgt 1
L6 9585     Trgt 2

Pre-Closing Outlook(20-10-2011)

Support range of 5012-5035 was mentioned in both previous outlooks and Nifty bounced from 5033.95 after good consolidation between 5034-5050.

Indian markets are range bound between 5012-5155 and global cues led random moves within this range for the last 6 sessions therefore will be safer to get confirmation through sustaining beyond this range.

Mid-session Outlook(20-10-2011)

Markets are highly volatile on violent global cues and without much intraday trading positions therefore next moves confirmation will be only sustaining beyond any crucial level.

Intraday support was seen between 5012-5035 on 18-10-2011 and Nifty is trading at higher levels of this range for the last 2 hours. 10 days old pull back rally and interpretation of sustaining beyond this range will be as follows:-

1- Finally sustaining above 5035 will mean pull back rally correction completion and up moves for testing resistances between 5145-5220.
2- Finally sustaining below 5012 will mean pull back rally termination and beginning of fresh down moves towards lower levels of 51 sessions old trading range(4720-5229).