Bank Nifty(Nov Fut)-Levels & Trading Strategy for 03-11-2011

Bank Nifty(Nov Fut)-Levels

R3 10126
R2 10032
R1 9928
Avg 9834
S1 9730
S2 9636
S3 9532

Bank Nifty(Nov Fut)-Trading Strategy

H6 10023     Trgt 2
H5  9978     Trgt 1
H4  9932    Long breakout
H3  9878    Go Short
H2  9860
H1  9842
L1  9805
L2  9787
L3  9769    Long
L4  9715    Short Breakout
L5  9669    Trgt 1
L6  9624    Trgt 2

Pre-Closing Outlook(02-11-2011)

Nifty traded last 3 hours today between 5377-5297 with intraday selling indications today and sustaining below this range will be confirmation of ongoing correction continuation as well as it is expected also.

Mid-session Outlook-2 (02-11-2011)

Indian markets strength was updated immediately after opening within first 20 minutes and following line was told in Post-open Outlook today:-

Although gap down opening and trading in Red since opening but not weak today.

Nifty recovered 60 points from lower levels today and showed strength through crossing 5260. Correction completion indication at lower levels today and confirmation will be crossing of following resistances at higher levels:-

1- 5295-5310
2- 5340-5365

Most uncertain global cues nowadays. Dow Jones was 297 points down yesterday but its Futures is more than 170 points up today therefore confirmation is must.

Post-open Outlook(02-11-2011)

Although gap down opening and trading in Red since opening but not weak today.Nifty traded last 2 hours between 5238-5260 yesterday with mixed patterns and Nifty got support within this range also yesterday therefore follow up moves within or near about this range as well as sustaining beyond this range will be next moves strong confirmation.

Be Bullish or Bearish according to sustaining beyond 5238-5260.

Pre-open Outlook(02-11-2011)

Although US and European markets closed in deep Red yesterday but Dow's Futures is more than 100 points up today morning therefore sentiment is little maintained and Asian markets are flat to 1.3% down today. Indian markets will also firstly trade between 5195-5225. Last 54 sessions trading range highest was at 5223 therefore sustaining it beyond will be next moves first indication and will be watched .

Let market get support and consolidation begin then correction completion will be considered.

Technical Analysis,Researches & Market Outlook(02-11-2011)

Most uncertain violently volatile global markets and once again crashing climate after negaive news flow from Europe. Most European markets closed 5% down yesterday and US markets are also more than 2% down. Sentiment is so badly damaged that most reliable 104 Points(5323-5219) gap up support of 28-10-2011 will be broken down today and Nifty will again trade between previous 54 sessions trading range(4720-5229) after negative cues infected market today.

Nifty Correction-EOD Chart(01-Nov-2011):-

Just click on chart for its enlarged view

Technically correction is on after 672 Points rally in 16 sessions and let down moves stop then completion of yesterday started correction will be considered and following 2 supports will be watched first:-

1- 5085-5140
2- 5011-5050

If Nifty consolidate near about above mentioned supports then correction completion will be considered.

Nifty-EOD Chart(01-Nov-2011):-

Just click on chart for its enlarged view

Nifty Fibonacci Retracement Levels:-

23.6%-5241
27.0%-5218
38.2%-5143
50.0%-5064
61.8%-4984
70.7%-4924
76.4%-4886
78.6%-4871
88.6%-4804

Conclusions

Markets are tend to reverse from Fibonacci Retracement Levels therefore above mentioned levels should also be watched. Next important level is 38.2%(5143),as it is near the top of 1st support therefore becomes most crucial.

Correction is on and let it stop and consolidation start then its completion and fresh upmoves will be considered. Markets are extremely affected by most uncertain news flow also therefore complete confirmations are required through intraday patterns formations. At present correction is on and its continuation will be expected after most supressed global cues and let consolidation patterns develop then up moves after correction completion will be considered.

FII Trading Data in Derivatives Segment on 01-Nov-2011

FII & DII trading activity in Capital Market Segment on 01-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 01-Nov-2011 1914.74 1935.4 -20.66

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Nov-2011 666.56 1239.97 -573.41

Indian Stock Markets Closing Reports(01-Nov-2011)

Main features of today trading are as follows

1- All the Indices in Red
2- Black Candle.
3- Correction confirmation today and mild intraday support at lower levels.

Ratios

Nifty Put Call Ratio: 1.20
Nifty P/E Ratio(01-Nov-2011): 19.04

Advances & Declines

BSE ADVANCES : 1157
BSE DECLINES : 1657
NSE ADVANCES :  472
NSE DECLINES :  950

Nifty Open Interest Changed Today

Nifty- 5200 CE(Nov)- +68700(+2.780%)
Nifty- 5200 PE(Nov)- +736800(+18.30%)

Nifty- 5300 CE(Nov)- +1108650(+33.61%)
Nifty- 5300 PE(Nov)- -367300(-10.54%)

Closing 

Nifty- closed at 5,257.95(-68.65 Points & -1.29%)
Sensex- closed at 17,480.83(-224.18 Points & -1.27% )
CNX MIDCAP - closed at 7,205.40(-61.75 Points & -0.85%)
BSE SMALL CAP- closed at 6,936.47(-38.14 Points & -0.55%)

Nifty Spot-Levels & Trading Strategy for 02-11-2011

Nifty Spot-Levels

R3 5370
R2 5340
R1 5298
Avg 5268
S1 5226
S2 5196
S3 5154

Nifty Spot-Trading Strategy

H6 5329     Trgt 2
H5 5312     Trgt 1
H4 5296     Long breakout
H3 5276     Go Short
H2 5270
H1 5263
L1 5250
L2 5243
L3 5237      Long
L4 5217     Short Breakout
L5 5201     Trgt 1
L6 5184    Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 02-11-2011

Nifty(Nov Fut)-Levels

R3 5404
R2 5369
R1 5330
Avg 5295
S1 5256
S2 5221
S3 5182

Nifty(Nov Fut)-Trading Strategy

H6 5365     Trgt 2
H5 5348     Trgt 1
H4 5331     Long breakout
H3 5311     Go Short
H2 5304
H1 5297
L1 5284
L2 5277
L3 5270     Long
L4 5250     Short Breakout
L5 5233     Trgt 1
L6 5216     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 02-11-2011

Bank Nifty(Nov Fut)-Levels

R3 10195
R2 10107
R1 9988
Avg 9900
S1 9781
S2 9693
S3 9574

Bank Nifty(Nov Fut)-Trading Strategy

H6 10077     Trgt 2
H5 10030     Trgt 1
H4  9982    Long breakout
H3  9925    Go Short
H2  9906
H1  9887
L1  9850
L2  9831
L3  9812    Long
L4  9755    Short Breakout
L5  9707    Trgt 1
L6  9660    Trgt 2

Pre-Closing Outlook(01-11-2011)

Dow's Futures is more than 100 points down and European markets are 2% to 3% down today but support seen in Indian markets at lower levels and Nifty got support above 5219.Gap of 28-10-2011 not filled up today despite crashing global cues and today lowest is at 5238.30.

Correction is on on the back of depressing global markets and first of all 5238.30 will be watched tomorrow and sustaining above it will be completion of today started correction as well as  survival confirmation of gap support of 28-10-2011.

Mid-session Outlook(01-11-2011)

US markets closed more than 2% down yesterday and its futures is again more than 1% down today. Most European markets closed near about 3% down yesterday and its futures are also more than 2% down today. Although Asian markets are mixed but most are more than 1.2% down therefore sentiment has again turned weaker and Indian markets slipped to more than 1% down.

Correction is on and Indian markets slipped from higher levels after some selling and testing of 5219 will be more weakness signal because that will mean filling of gap(28-10-2011). As today down moves are showing falling channel formation(bullish pattern) therefore expected that correction will not be much deeper and will finish above 5219.

Huge Global volatality therefore confirmation is must through complete consolidation patterns.As soon as it will develop then will be updated.

Technical Analysis,Researches & Market Outlook(01-11-2011)

104 Points(5323-5219) gap up opening on 28-10-2011 and after that Nifty traded 2 days with mixed intraday patterns within 5318-5365. Profit booking possibility was told for both previous outlooks and it was seen also and negative zone trading will be seen in Indian markets today after weaker global cues.

Daily Indicators and Averages Chart:-

Just click on chart for its enlarged view

Nifty-Intra Day Chart(Oct 28 & Oct 31,2011):-

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Technical Patterns and Formations in last 5 sessions intraday charts

1- Selling between 5340-5265
2- Condolidation Patterns between 5318-5345
3- Last 2 days trading between 5318-5365

Conclusions

672 Points rally in last 16 sessions and all the short term oscillators are overbought therefore its correction will be seen after higher levels profit booking and Red global markets. Correction may be range bound or some down moves may be seen and if 104 Points gap of 28-10-2011 does not filled up in this correction and Nifty finally sustains above 5219 then blasting rally will be seen in Indian markets after expected correction completion.

As mixed intraday patterns in both previous sessions therefore firstly sustaining below 5318 should be watched first after weak opening today and following 2 supports will be also watched first for completion of expected today correction:-

1- 5306
2- 5287

FII Trading Data in Derivatives Segment on 31-Oct-2011

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%)

FII & DII trading activity in Capital Market Segment on 31-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 31-Oct-2011 2587.45 2228.67 358.78

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 31-Oct-2011 945.29 1221.65 -276.36

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

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

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