ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Indian Stock Markets Closing Reports(31-Oct-2011)
Main features of today trading are as follows
1- Benchmark Indices closed in Red while MIDCAP and SMALLCAP closed in Green.
2- Most Indices closed in Red but some closed in Green also.
3- Small Back Candle.
3- Although Red closing but intraday charts are not suggesting pure selling patterns and consolidation signals also.
Ratios
Nifty Put Call Ratio: 1.13
Nifty P/E Ratio(31-Oct-2011): 18.90
Advances & Declines
BSE ADVANCES : 1482
BSE DECLINES : 1392
NSE ADVANCES : 744
NSE DECLINES : 692
Nifty Open Interest Changed Today
Nifty- 5300 CE(Nov)- +190150(+6.04%)
Nifty- 5300 PE(Nov)- +490000(+15.95%)
Nifty- 5400 CE(Nov)- +790450(+17.28%)
Nifty- 5400 PE(Nov)- -90700(-6.27%)
Closing
Nifty- closed at 5,326.60(-34.10 Points & -0.64%)
Sensex- closed at 17,705.01(-99.79 Points & -0.56% )
CNX MIDCAP - closed at 7,267.15(+27.35 Points & +0.38%)
BSE SMALL CAP- closed at 6,974.61(+14.88 Points & +0.21%)
1- Benchmark Indices closed in Red while MIDCAP and SMALLCAP closed in Green.
2- Most Indices closed in Red but some closed in Green also.
3- Small Back Candle.
3- Although Red closing but intraday charts are not suggesting pure selling patterns and consolidation signals also.
Ratios
Nifty Put Call Ratio: 1.13
Nifty P/E Ratio(31-Oct-2011): 18.90
Advances & Declines
BSE ADVANCES : 1482
BSE DECLINES : 1392
NSE ADVANCES : 744
NSE DECLINES : 692
Nifty Open Interest Changed Today
Nifty- 5300 CE(Nov)- +190150(+6.04%)
Nifty- 5300 PE(Nov)- +490000(+15.95%)
Nifty- 5400 CE(Nov)- +790450(+17.28%)
Nifty- 5400 PE(Nov)- -90700(-6.27%)
Closing
Nifty- closed at 5,326.60(-34.10 Points & -0.64%)
Sensex- closed at 17,705.01(-99.79 Points & -0.56% )
CNX MIDCAP - closed at 7,267.15(+27.35 Points & +0.38%)
BSE SMALL CAP- closed at 6,974.61(+14.88 Points & +0.21%)
FII & DII trading activity in Capital Market Segment on 31-Oct-2011
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Nifty Spot-Levels & Trading Strategy for 01-11-2011
Nifty Spot-Levels
R3 5398
R2 5379
R1 5352
Avg 5333
S1 5306
S2 5287
S3 5260
Nifty Spot-Trading Strategy
H6 5372 Trgt 2
H5 5361 Trgt 1
H4 5351 Long breakout
H3 5338 Go Short
H2 5334
H1 5330
L1 5321
L2 5317
L3 5313 Long
L4 5300 Short Breakout
L5 5290 Trgt 1
L6 5279 Trgt 2
R3 5398
R2 5379
R1 5352
Avg 5333
S1 5306
S2 5287
S3 5260
Nifty Spot-Trading Strategy
H6 5372 Trgt 2
H5 5361 Trgt 1
H4 5351 Long breakout
H3 5338 Go Short
H2 5334
H1 5330
L1 5321
L2 5317
L3 5313 Long
L4 5300 Short Breakout
L5 5290 Trgt 1
L6 5279 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 01-11-2011
Nifty(Nov Fut)-Levels
R3 5415
R2 5396
R1 5371
Avg 5352
S1 5327
S2 5308
S3 5283
Nifty(Nov Fut)-Trading Strategy
H6 5391 Trgt 2
H5 5381 Trgt 1
H4 5371 Long breakout
H3 5359 Go Short
H2 5355
H1 5351
L1 5342
L2 5338
L3 5334 Long
L4 5322 Short Breakout
L5 5312 Trgt 1
L6 5302 Trgt 2
R3 5415
R2 5396
R1 5371
Avg 5352
S1 5327
S2 5308
S3 5283
Nifty(Nov Fut)-Trading Strategy
H6 5391 Trgt 2
H5 5381 Trgt 1
H4 5371 Long breakout
H3 5359 Go Short
H2 5355
H1 5351
L1 5342
L2 5338
L3 5334 Long
L4 5322 Short Breakout
L5 5312 Trgt 1
L6 5302 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 01-11-2011
Bank Nifty(Nov Fut)-Levels
R3 10411
R2 10268
R1 10142
Avg 9999
S1 9873
S2 9730
S3 9604
Bank Nifty(Nov Fut)-Trading Strategy
H6 10289 Trgt 2
H5 10226 Trgt 1
H4 10163 Long breakout
H3 10089 Go Short
H2 10065
H1 10040
L1 9991
L2 9966
L3 9942 Long
L4 9868 Short Breakout
L5 9805 Trgt 1
L6 9742 Trgt 2
R3 10411
R2 10268
R1 10142
Avg 9999
S1 9873
S2 9730
S3 9604
Bank Nifty(Nov Fut)-Trading Strategy
H6 10289 Trgt 2
H5 10226 Trgt 1
H4 10163 Long breakout
H3 10089 Go Short
H2 10065
H1 10040
L1 9991
L2 9966
L3 9942 Long
L4 9868 Short Breakout
L5 9805 Trgt 1
L6 9742 Trgt 2
Pre-Closing Outlook(31-10-2011)
Global cues led hugely volatile markets nowadays and today also Dow's Futures is more than 110 points down as well as all the European markets are more than 1.20% down after gap down opening today. Indian markets also traded whole day in Red but intra day patterns are mixed and require confirmations for next moves.
Although lower levels buying today and technically bullish market confirmations also but profit booking also seen at higher levels today and on 28-10-2011. Finally sustaining above 5323 will be next strong rally confirmations and will be watched first.
Nifty traded whole day between mentioned range(5310-5370) with mixed intraday patterns. Although Red closing will be seen ater whole day negative zone trading but intraday patterns are not showing pure selling but consolidation indications also therefore today range break out will give next trend confirmations and will be firstly watched in the coming sessions.
Only watch break out of 5310-5370 and sustaining beyond 5323 for next moves confirmations.
Although lower levels buying today and technically bullish market confirmations also but profit booking also seen at higher levels today and on 28-10-2011. Finally sustaining above 5323 will be next strong rally confirmations and will be watched first.
Nifty traded whole day between mentioned range(5310-5370) with mixed intraday patterns. Although Red closing will be seen ater whole day negative zone trading but intraday patterns are not showing pure selling but consolidation indications also therefore today range break out will give next trend confirmations and will be firstly watched in the coming sessions.
Only watch break out of 5310-5370 and sustaining beyond 5323 for next moves confirmations.
Mid-session Outlook(31-10-2011)
Indian markets slipped after higher levels profit booking but did not sustained below 5323 and recovered also from lower levels. Following line was told in Technical Analysis & Market Outlook today:-
Nifty wil firstly trade between 5310-5370 and finally sustain above 5323 and rally will remain continued.
Today first 2 hours trading range is 5316.95-5360.25
Nifty will prepare for all the next moves between 5310-5370 and this range break out will be next moves confirmation therefore
Only watch break out of 5310-5370
Nifty wil firstly trade between 5310-5370 and finally sustain above 5323 and rally will remain continued.
Today first 2 hours trading range is 5316.95-5360.25
Nifty will prepare for all the next moves between 5310-5370 and this range break out will be next moves confirmation therefore
Only watch break out of 5310-5370
Post-open Outlook-2(31-10-2011)
Profit booking possibility was clearly told in Technical Analysis & Market Outlook today and it was seen also at higher levels today. Dow's futures is more than 110 points down and all the Asian markets are also in Red as well as trading near day's lows.
Sentiment turned weak and immediate minor resistance developed between 5325-5350 therefore some weakness may be seen today and if Nifty finally sustains below 5323 then down moves will be considered.
Sentiment turned weak and immediate minor resistance developed between 5325-5350 therefore some weakness may be seen today and if Nifty finally sustains below 5323 then down moves will be considered.
Post-open Outlook(31-10-2011)
Dow's Futures is 90 points down and most Asian markets are also .50% to 1.00% down therefore sentiment turned weaker and Indian markets are also in Red since opening today. As some profit booking was expected therefore it was seen also immediately after opening today but supports will develop and until Nifty will not sustain below 5323 till then any down move will not be considered.
Technical Analysis & Market Outlook(31-10-2011)
Technical Analysis and Research of EOD charts,Technical Positions,next possibilities have already been explained in following 4 topics with 4 Charts therefore not being repeated:-
1- Most Bullish Island Reversal & 2 other Bullish Pattrens
2- Indian markets Waves structure from 2008 Crash to 28-Oct-2011
3- Wave-4 'ABC' Correction completion on 28-10-2011
4- Wave-4 correction completion at 61.8% Fibonacci Retracement level
Nifty-Intra Day Chart(28-Oct-2011):-
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| Just click on chart for its enlarged view |
1- Consolidation between 5323-5345.
2- Minor selling between 5350-5265.
3- Whole day trading between 5323-5365.
Conclusions
Huge gap up and after that both consolidation and minor selling was seen between 5323-5365 on 28-10-2011. As sentiment is heated therefore voltality after minor profit booking may be seen today but expected that Nifty wil firstly trade between 5310-5370 and finally sustain above 5323 and raly will remain continued.
Most Bullish Island Reversal & 2 other Bullish Pattrens
Technical Analysis and Research & Market Outlook
Nifty-EOD Chart(28-Oct-2011):-
Technical Patterns and Formations in EOD charts
1- Rally highest at 6338.50 on 05-11-2010.
2- 9 Months Falling Trend Line Correction
3- 94 Points gap down on 05-08-2011(5323-5229)
4- 54 Sessions range bound consolidation between 4720-5229 after that.
5- Bullish'W' Pattern formation during 54 Sessions range bound market.
6- 104 Points gap on 28-10-2011(5323-5219).
7- Bullish Break out on 28-10-2011.
8- Bullish Island Reversal Pattren confirmation on 28-10-2011.
9- Long Term Trend reversal confirmation.
Conclusions
Finally sustaining above 5323 on 28-10-2011 is confirmation of following most bullish patterns:-
1- Bullish Island Reversal Pattren formation.
2- 54 Sessions range bullish Break out on 28-10-2011.
3- Bullish'W' Pattern formation during 54 Sessions range bound market
Last one year trend reversal and correction completion confirmation on 28-10-2011. Eruption of that blasting rally will be seen which will cross all time high in 2012.
Nifty-EOD Chart(28-Oct-2011):-
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| Just click on chart for its enlarged view |
1- Rally highest at 6338.50 on 05-11-2010.
2- 9 Months Falling Trend Line Correction
3- 94 Points gap down on 05-08-2011(5323-5229)
4- 54 Sessions range bound consolidation between 4720-5229 after that.
5- Bullish'W' Pattern formation during 54 Sessions range bound market.
6- 104 Points gap on 28-10-2011(5323-5219).
7- Bullish Break out on 28-10-2011.
8- Bullish Island Reversal Pattren confirmation on 28-10-2011.
9- Long Term Trend reversal confirmation.
Conclusions
Finally sustaining above 5323 on 28-10-2011 is confirmation of following most bullish patterns:-
1- Bullish Island Reversal Pattren formation.
2- 54 Sessions range bullish Break out on 28-10-2011.
3- Bullish'W' Pattern formation during 54 Sessions range bound market
Last one year trend reversal and correction completion confirmation on 28-10-2011. Eruption of that blasting rally will be seen which will cross all time high in 2012.
Indian markets Waves structure from 2008 Crash to 28-Oct-2011
Technical Analysis and Research & Market Outlook
Nifty-EOD Chart(28-Oct-2011):-
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| Just click on chart for its enlarged view |
1- 2008 Crash and its 5 waves completed on 27-10-2008 at 2252.
2- 5 months range bound consolidation
3- Range break out in March 2009
4- Impulsive Wave 1 confirmation on 27-10-2008 from 2252.
5- Wave-3 completed at 6338.50 on 05-11-2010 and Wave-4 begun.
6- Wave-4 completed at 4720 on 26-08-2011 and Wave-5 begun.
7- Wave-5 beginning confirmation on 28-10-2011 after crossing the 54 Sessions range, 94 points gap and sustaining above 5323.
Conclusions
Impulsive Wave-5 beginning confirmation therefore expected that strong rally will be seen above all time high in the coming months and year(2012) as well as minimum target in 2012 is 6652(113% of Wave-3)
Wave-4 'ABC' Correction completion on 28-10-2011
Technical Analysis and Research & Market Outlook
Nifty-EOD Chart(28-Oct-2011):-
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| Just click on chart for its enlarged view |
1- Wave-4 correction.
2- 'ABC' Correction pattern.
3- 'ABC' Correction completion after break out of 54 Sessions range bound market between 4720-5229.
4- Impulsive Wave-5 commencement confirmation.
Conclusions
Corrective Wave-4 completed and impulsive Wave-5 is on therefore expected that it will cross Wave-3 top(6338.50) and new highs will be seenaccording to Wave-5 targets.
Wave-4 correction completion at 61.8% Fibonacci Retracement level
Technical Analysis and Research & Market Outlook
Nifty-EOD Chart (28-Oct-2011):-
Conclusions
It is the character that many time correction completes at or near about 61.8% Fibonacci Retracement level and same is visible in above EOD Chart. As Corrective Wave-4 completion and impulsive Wave-5 is beginning confirmation therefore expected that on going Wave-5 will cross all time high strong rally will be seen above all time high as well in the coming months and year(2012).
Nifty-EOD Chart (28-Oct-2011):-
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| Just click on chart for its enlarged view |
It is the character that many time correction completes at or near about 61.8% Fibonacci Retracement level and same is visible in above EOD Chart. As Corrective Wave-4 completion and impulsive Wave-5 is beginning confirmation therefore expected that on going Wave-5 will cross all time high strong rally will be seen above all time high as well in the coming months and year(2012).
Indian Stock Markets Closing Reports(28-Oct-2011)
Main features of today trading are as follows
1- All the Indices closed in Green.
2- Nifty closed above 200-Day EMA and all trends are up now.
3- Today 104 points up gap filled the 94 points down gap of 05-08-2011.
4- Strong rally confirmation today.
Ratios
Nifty Put Call Ratio: 1.28
Nifty P/E Ratio(28-Oct-2011): 19.03
Advances & Declines
BSE ADVANCES : 1686
BSE DECLINES : 1196
NSE ADVANCES : 968
NSE DECLINES : 488
Nifty Open Interest Changed Today
Nifty- 5200 CE(Nov)- -507150(-15.83%)
Nifty- 5200 PE(Nov)- +1161950(+53.74%)
Nifty- 5300 CE(Nov)- -394650(-10.94%)
Nifty- 5300 PE(Nov)- +2351950(+326.64%)
Nifty- 5400 CE(Nov)- +414100(+9.60%)
Nifty- 5400 PE(Nov)- +1079100(+287.11%)
Nifty- 5500 CE(Nov)- +1541250(+61.48%)
Nifty- 5500 PE(Nov)- +463750(+173.62%)
Closing
Nifty- closed at 5,360.70(+158.90 Points & +3.05%)
Sensex- closed at 17,804.80(+515.97 Points & +2.98% )
CNX MIDCAP - closed at 7,239.80(+166.15 Points & +2.35%)
BSE SMALL CAP- closed at 6,959.73(+60.58 Points & +0.88%)
1- All the Indices closed in Green.
2- Nifty closed above 200-Day EMA and all trends are up now.
3- Today 104 points up gap filled the 94 points down gap of 05-08-2011.
4- Strong rally confirmation today.
Ratios
Nifty Put Call Ratio: 1.28
Nifty P/E Ratio(28-Oct-2011): 19.03
Advances & Declines
BSE ADVANCES : 1686
BSE DECLINES : 1196
NSE ADVANCES : 968
NSE DECLINES : 488
Nifty Open Interest Changed Today
Nifty- 5200 CE(Nov)- -507150(-15.83%)
Nifty- 5200 PE(Nov)- +1161950(+53.74%)
Nifty- 5300 CE(Nov)- -394650(-10.94%)
Nifty- 5300 PE(Nov)- +2351950(+326.64%)
Nifty- 5400 CE(Nov)- +414100(+9.60%)
Nifty- 5400 PE(Nov)- +1079100(+287.11%)
Nifty- 5500 CE(Nov)- +1541250(+61.48%)
Nifty- 5500 PE(Nov)- +463750(+173.62%)
Closing
Nifty- closed at 5,360.70(+158.90 Points & +3.05%)
Sensex- closed at 17,804.80(+515.97 Points & +2.98% )
CNX MIDCAP - closed at 7,239.80(+166.15 Points & +2.35%)
BSE SMALL CAP- closed at 6,959.73(+60.58 Points & +0.88%)
FII & DII trading activity in Capital Market Segment on 28-Oct-2011
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Nifty Spot-Levels & Trading Strategy for 31-10-2011
Nifty Spot-Levels
R3 5475
R2 5437
R1 5398
Avg 5360
S1 5321
S2 5283
S3 5244
Nifty Spot-Trading Strategy
H6 5437 Trgt 2
H5 5419 Trgt 1
H4 5402 Long breakout
H3 5381 Go Short
H2 5374
H1 5367
L1 5352
L2 5345
L3 5338 Long
L4 5317 Short Breakout
L5 5300 Trgt 1
L6 5282 Trgt 2
R3 5475
R2 5437
R1 5398
Avg 5360
S1 5321
S2 5283
S3 5244
Nifty Spot-Trading Strategy
H6 5437 Trgt 2
H5 5419 Trgt 1
H4 5402 Long breakout
H3 5381 Go Short
H2 5374
H1 5367
L1 5352
L2 5345
L3 5338 Long
L4 5317 Short Breakout
L5 5300 Trgt 1
L6 5282 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 31-10-2011
Nifty(Nov Fut)-Levels
R3 5472
R2 5437
R1 5411
Avg 5376
S1 5350
S2 5315
S3 5289
Nifty(Nov Fut)-Trading Strategy
H6 5446 Trgt 2
H5 5432 Trgt 1
H4 5418 Long breakout
H3 5401 Go Short
H2 5396
H1 5390
L1 5379
L2 5373
L3 5368 Long
L4 5351 Short Breakout
L5 5337 Trgt 1
L6 5323 Trgt 2
R3 5472
R2 5437
R1 5411
Avg 5376
S1 5350
S2 5315
S3 5289
Nifty(Nov Fut)-Trading Strategy
H6 5446 Trgt 2
H5 5432 Trgt 1
H4 5418 Long breakout
H3 5401 Go Short
H2 5396
H1 5390
L1 5379
L2 5373
L3 5368 Long
L4 5351 Short Breakout
L5 5337 Trgt 1
L6 5323 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 31-10-2011
Bank Nifty(Nov Fut)-Levels
R3 10221
R2 10109
R1 10034
Avg 9922
S1 9847
S2 9735
S3 9660
Bank Nifty(Nov Fut)-Trading Strategy
H6 10148 Trgt 2
H5 10105 Trgt 1
H4 10061 Long breakout
H3 10010 Go Short
H2 9993
H1 9976
L1 9941
L2 9924
L3 9907 Long
L4 9856 Short Breakout
L5 9812 Trgt 1
L6 9769 Trgt 2
R3 10221
R2 10109
R1 10034
Avg 9922
S1 9847
S2 9735
S3 9660
Bank Nifty(Nov Fut)-Trading Strategy
H6 10148 Trgt 2
H5 10105 Trgt 1
H4 10061 Long breakout
H3 10010 Go Short
H2 9993
H1 9976
L1 9941
L2 9924
L3 9907 Long
L4 9856 Short Breakout
L5 9812 Trgt 1
L6 9769 Trgt 2
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