Bank Nifty(Nov Fut)-Levels & Trading Strategy for 26-10-2011

Bank Nifty(Nov Fut)-Levels

R3 10359
R2 10117
R1 9844
Avg 9602
S1 9329
S2 9087
S3 8814

Bank Nifty(Nov Fut)-Trading Strategy

H6 10097     Trgt 2
H5  9975     Trgt 1
H4  9854     Long breakout
H3  9712     Go Short
H2  9665
H1  9618
L1  9523
L2  9476
L3  9429    Long
L4  9287    Short Breakout
L5  9166    Trgt 1
L6  9044    Trgt 2

Nifty Spot-Levels & Trading Strategy for 26-10-2011

Nifty Spot-Levels

R3 5365
R2 5288
R1 5239
Avg 5162
S1 5113
S2 5036
S3 4987

Nifty Spot-Trading Strategy

H6 5319     Trgt 2
H5 5289     Trgt 1
H4 5260     Long breakout
H3 5225     Go Short
H2 5214
H1 5202
L1 5179
L2 5167
L3 5156     Long
L4 5121     Short Breakout
L5 5092     Trgt 1
L6 5062     Trgt 2

Pre-Closing Outlook(25-10-2011)

Firstly RBI credit policy led high volatility and then crossing 5145 are main features of today trading. Sustaining above 5145 in the coming couple of sessions will be strong indication of 53 sessions range upward break out and confirmation will be sustaining above 5229.

On going correction begun on deepawali-2010 and Muhurat trading of Deepawali-2011 trading will be celebreated on the expectation of correction completion. Finally sustaining above 5229 will be Deepawali-2011 gift to Indian Stock Markets and it is expected also in the coming sessions.

Mid-session Outlook(25-10-2011)

Following line was told in Pre-open Outlook today

Indian markets will discount all the good/bad news between 5085-5145 and break out of this range will give confirmation of next medium term trend in the coming couple of sessions.

Today trading range amid high volatility is 5085.55-5154.60

Let market preapre for next moves between 5085-5145 and next big moves confirmation will be either force ful breaking out or sustaining beyond mentioned range. Market is stabilising now and conclusions from intraday charts formation will be updated in the coming outlooks after next moves confirmations.

High volatility after credit policy today.

We told for high volatility and stop losses triggering in today outlooks and it is visible in following today intraday chart of 11;17am today.

Sustaining beyond 5085-5145 will be next moves confirmation in such volatile markets therefore should be watched today for confirmations today.

Post-open Outlook(25-10-2011)

Indian markets are quiet today morning but today RBI rates hike uncertainties and high volatility is possible after RBI credit policy announcemet today. As Global news and cues based markets also nowadays therefore first of all 5110-5145 break out and sustaining beyond should be watched for next decisive moves confirmations.

Cautious approach is required today because high volatility is possible just before or after Credit policy announcement and stop losses may be triggered. 

NIFTY-Oct F&O-1st Shorting of 24-10-2011-Covering

NIFTY-Oct F&O-Shorted on 24-10-2011-Credit policy today and market will be volatile.Cover immediately-CMP-5120

Pre-open Outlook(25-10-2011)

RBI presented Macroeconomic and Monetary Developments - Second Quarter Review 2011-12 after trading hours yesterday and after this review it is also possible that RBI may pause may rates hike today. uncertainties may remain high before RBI credit policy and resultant Indian markets may also be highly volatile. Indian markets will discount all the good/bad news between 5085-5145 and break out of this range will give confirmation of next medium term trend in the coming couple of sessions.

Nifty-Micro Analysis of Intra Day Chart For 25-10-2011

Nifty-Intra Day Chart(24-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- More than 4 hours selling between 5125-5145
2- Down moves in falling channel.
3- Last 45 minutes mixed patterns between 5086-5103
3- Whole day trading between 5086-5145.

Conclusions

Strong Global cues led gap up opening and 4 hours trading between trading 5125-5145 with selling formations near day's highs today. Old Resistance within 5145-5220 was told in Post-open Outlook today and in Technical Analysis and Research For 24-10-2011 and selling seen today exactly below this range therefore this resistance has strengthened.

Indian Markets are range bound for the last 53 sessions reacting sharply global cues therefore all the patterns should be watched carefully. As good higher levels selling therefore more down moves are expected tomorrow but last 45 minutes mixed patterns between 5086-5103 therefore first of all sustaining beyond this range should be watched for next moves confirmations.

Indian Stock Markets Closing Reports(24-10-2011)

Main features of today trading are as follows

1- Green Closing
2- Black Candle.
3- All the indices closed near the lows of the day.
4- Benchmark Indices closed with good gains but MIDCAP and SMALL CAP closed in Red.
5- Higher levels good selling therefore more down moves can not be ruled out.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(24-10-2011): 18.10

Advances & Declines

BSE ADVANCES : 1264
BSE DECLINES : 1551
NSE ADVANCES :  619
NSE DECLINES :  801

Nifty Open Interest Changed Today

Nifty- 5000 CE(Oct)- -959150(-25.04%)
Nifty- 5000 PE(Oct)- -83550(-1.37%)

Nifty- 5100 CE(Oct)- -1081700(-19.11%)
Nifty- 5100 PE(Oct)- +217900(+5.98%)

Nifty- 5200 CE(Oct)- -31400(-0.37%)
Nifty- 5200 PE(Oct)- +821150(+70.64%)

Closing 

Nifty- closed at 5,098.35(+48.40 Points & +0.96%)
Sensex- closed at 16,939.28(+153.64 Points & +0.92%)
CNX MIDCAP - closed at 6,982.20(-25.85 Points & -0.37%)
BSE SMALL CAP- closed at 6,802.57(-3.11 Points & -0.05%)

FII & DII trading activity in Capital Market Segment on 24-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 24-Oct-2011 1739.51 1638.41 101.1

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Oct-2011 693.32 852.16 -158.84

Nifty Spot-Levels & Trading Strategy for 25-10-2011

Nifty Spot-Levels

R3 5195
R2 5170
R1 5134
Avg 5109
S1 5073
S2 5048
S3 5012

Nifty Spot-Trading Strategy

H6 5159     Trgt 2
H5 5145     Trgt 1
H4 5131     Long breakout
H3 5114     Go Short
H2 5109
H1 5103
L1 5092
L2 5086
L3 5081     Long
L4 5064     Short Breakout
L5 5050     Trgt 1
L6 5036     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 25-10-2011

Nifty(Oct Fut)-Levels

R3 5209
R2 5183
R1 5144
Avg 5118
S1 5079
S2 5053
S3 5014

Nifty(Oct Fut)-Trading Strategy

H6 5170     Trgt 2
H5 5155     Trgt 1
H4 5140     Long breakout
H3 5122     Go Short
H2 5116
H1 5110
L1 5099
L2 5093
L3 5087     Long
L4 5069     Short Breakout
L5 5054     Trgt 1
L6 5039     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 25-10-2011

Bank Nifty(Oct Fut)-Levels

R3 10172
R2 10050
R1 9851
Avg 9729
S1 9530
S2 9408
S3 9209

Bank Nifty(Oct Fut)-Trading Strategy

H6 9975     Trgt 2
H5 9902     Trgt 1
H4 9829     Long breakout
H3 9741     Go Short
H2 9711
H1 9682
L1 9623
L2 9594
L3 9564     Long
L4 9476     Short Breakout
L5 9403     Trgt 1
L6 9330     Trgt 2

NIFTY-Oct F&O-1st Selling of 24-10-2011-Trade

NIFTY(Oct Fut-Sell-Positional)SL-5136-TGT-5056-CMP-5108

NIFTY(Oct Put Option-Buy-Positional)SL-5136-TGT-5056-S.P.FOR Put-5100(Oct Fut-Rates for all Options)-CMP-5108

Pre-Closing Outlook(24-10-2011)

Strong Global cues led rally today which could not sustain at higher levels. Old Resistance within 5145-5220 was told in Post-open Outlook today and Nifty traded more than 4 hours just below this range between 5125-5145 but could not sustained and slipped.

As selling indications at higher levels today therefore more down moves are expected tomorrow.

Pre-Closing Outlook(24-10-2011)

Strong Global cues led rally today which could not sustain at higher levels. Old Resistance within 5145-5220 was told in Pre-open Outlook today and Nifty traded more than 4 hours just below this range between 5125-5145 but could not sustained and slipped.

As selling indications at higher levels today therefore more down moves are expected tomorrow.

Mid-session Outlook(24-10-2011)

Blasting global cues led gap up opening and after that 4 hours trading within 20 points(5125-5145) today is suggesting that today trading range break out will decide next strong trend. RBI will declare Credit Policy as well as derivative expiry also tomorrow therefore today trading range break out may give birth to next Mid/Long term trend.

Post-open Outlook(24-10-2011)

Asian markets are blasting today morning and all are 1.75% to 4.02% up except SSEC. Indian markets equally responded and Nifty is trading above 5120 since opening today. Strong global cues led market today therefore sustaining above 5120 is must for fresh up moves beginning confirmation because Indian markets closed near day's lowest after good selling last Friday.

Fresh consolidation is also required for decisive up trend formations because strong resistance between 5145-5220. If Nifty sustainins above 5120 in the coming couple of sessions then it will be strong indication of up moves and confirmation will be above 5220.

Pre-open Outlook(24-10-2011)

All the Asian markets are 1% to 2.3% up today morning therefore sentiment turned strong and positive opening will be seen in Indian markets. Good selling seen between 5088-5120 last Friday and expected that Nifty will firstly trade between this range after strong opening today. Global cues led high volatility is daily feature nowadays and sustaining above 5120 is must for any up move confirmation.

Next moves confirmation range for today and next sessions is sustaining beyond 5088-5120

Technical Analysis and Research For 24-10-2011

Nifty-EOD Chart(21-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Range bound within 4720-5229 for the last 52 sessions.
2- 9 Sessions trading between 4964-5160.

Resistances are as follows;-

1- Old Resistance 5145-5220
2- Selling between 5135-5155(on 17-10-2011)
1- Selling between 5102-5120(on 21-10-2011)
2- Selling between 5088-5098(on 21-10-2011)

Support are as follows;-

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

Conclusions

As good selling at higher levels on 21-10-2011 therefore slipping below 5000 and testing of above mentioned supports is possible in the coming sessions. As no strong support between 4720-4964 therefore sustaining below 4964 will mean sharp fall.