Whole market turned bearish after weaker IIP data therefore intraday support seen at lower levels between 5147-5168 today and if Nifty sustains above this range then on going correction completion will be considered otherwise global cues led volatility only.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(11-11-2011)
Whole market turned bearish after weaker IIP data therefore intraday support seen at lower levels between 5147-5168 today and if Nifty sustains above this range then on going correction completion will be considered otherwise global cues led volatility only.
September IIP growth at 1.9% versus 4.1% in August
September IIP growth at 1.9% versus 4.1% in August and data is much below expectations.as well as Nifty is trading below 5229 also since opening today. Post Diwali up trend termination confirmation and Indian markets have again returned into previous 54 sessions trading range(4720-5229) and more weakness can not be ruled out now.
Post-open Outlook(11-11-2011)
Weak opening and Indian markets ignored today Asian cues as well as trading below and 5203. Sustaing below 5180 will be confirmation of more weakness.
Pre-open Outlook(11-11-2011)
Asian markets are flat to positive after positive closing of US markets yesterday therefore sentiment is calm and Indian markets will also remain quiet after positive opening. Expected that Nifty will firstly trade and prepare for next moves between 5190-5250. As Global markets are highly volatile therefore Indian markets may prepare for next moves within little wider range and mentioned range break out will be next moves confirmation.
5203 Next Trend Decider amid Crashing Global Markets
Nifty-Intra Day Chart(09-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5280-5307
2- Whole day trading between 5212-5307
Conclusions from intra day chart analysis
Sharp fall was seen in the last one hour but weakness and profit booking possibility was was understood immediately after opening and within first 8 minutes following voews were updated in Post-open Outlook(09-11-2011)
Positive zone trading after gap up opening but not strong therefore profit booking possibility will be kept in mind
Firstly narrow range selling and after that crashing global cues triggered sharp fall as well as Nifty closed(5221) below the top(5229) of previous 54 sessions range.
Nifty-Intra Day Chart(Oct 25 to Nov 09,2011):-
Technical Patterns and Formations in last 10 sessions intraday charts
1- Last 8 days trading between 5203-5365
2- Closing at the lowest of last 8 days range on 09-11-2011.
3- Last support range is 5203-5224.
Conclusions from 8 days intraday chart
Although Nifty closed at the lowest of last sessions but intraday patterns of previous sessions are not showing pure selling except 09-11-2011 and last Tuesday sharp fall was led by crashing global cues therefore sustaining below the lowest(5203) of last 8 sessions range is must for breaking down confirmation of last 8 sessions range.
Conclusions
Indian markets traded range bound 54 sessions between 4720-5229 and broken out after Greece debt problems solutions expectations. All the Global markets crashed within last 2 days after eruption of Italy financial problems and Nifty closed near the lowest of last 8 sessions range on 09-11-2011.
Opening will depend on Asian markets and Indian markets next trend will be decided by the lowest(5203) of last 8 sessions range. Sustaining below 5203 will be confirmation of last 8 sessions breaking down and then more down moves will be seen as well as Indian markets will wait for Italy problems solutions within 54 sessions range(5270-5229).
Highly volatile Global markets therefore today trading levels will be decided according to Asian markets behaviour and morning sentiment as well as will be updated in the coming outlooks and sustaining beyond 5203 should be firstly watched for next trend and and survival confirmation of last month started rally.
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| Just click on chart for its enlarged view |
1- Selling between 5280-5307
2- Whole day trading between 5212-5307
Conclusions from intra day chart analysis
Sharp fall was seen in the last one hour but weakness and profit booking possibility was was understood immediately after opening and within first 8 minutes following voews were updated in Post-open Outlook(09-11-2011)
Positive zone trading after gap up opening but not strong therefore profit booking possibility will be kept in mind
Firstly narrow range selling and after that crashing global cues triggered sharp fall as well as Nifty closed(5221) below the top(5229) of previous 54 sessions range.
Nifty-Intra Day Chart(Oct 25 to Nov 09,2011):-
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| Just click on chart for its enlarged view |
1- Last 8 days trading between 5203-5365
2- Closing at the lowest of last 8 days range on 09-11-2011.
3- Last support range is 5203-5224.
Conclusions from 8 days intraday chart
Although Nifty closed at the lowest of last sessions but intraday patterns of previous sessions are not showing pure selling except 09-11-2011 and last Tuesday sharp fall was led by crashing global cues therefore sustaining below the lowest(5203) of last 8 sessions range is must for breaking down confirmation of last 8 sessions range.
Conclusions
Indian markets traded range bound 54 sessions between 4720-5229 and broken out after Greece debt problems solutions expectations. All the Global markets crashed within last 2 days after eruption of Italy financial problems and Nifty closed near the lowest of last 8 sessions range on 09-11-2011.
Opening will depend on Asian markets and Indian markets next trend will be decided by the lowest(5203) of last 8 sessions range. Sustaining below 5203 will be confirmation of last 8 sessions breaking down and then more down moves will be seen as well as Indian markets will wait for Italy problems solutions within 54 sessions range(5270-5229).
Highly volatile Global markets therefore today trading levels will be decided according to Asian markets behaviour and morning sentiment as well as will be updated in the coming outlooks and sustaining beyond 5203 should be firstly watched for next trend and and survival confirmation of last month started rally.
Indian Stock Markets Closing Reports(09-Nov-2011)
Main features of trading are as follows
1- All the Indices closed in Red except IT and FMCG
2- Long Black Candle.
3- Crashing Global cues led sharp fall.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(09-Nov-2011): 18.78
Advances & Declines
BSE ADVANCES : 968
BSE DECLINES :1909
NSE ADVANCES : 345
NSE DECLINES :1107
Nifty Open Interest Changed Today
Nifty- 5200 CE(Nov)- +399450(+15.94%)
Nifty- 5200 PE(Nov)- -27450(-0.57%)
Nifty- 5300 CE(Nov)- +1298100(+26.21%)
Nifty- 5300 PE(Nov)- +303500(+8.38%)
Closing
Nifty- closed at 5,221.05(-68.30 Points & -1.29%)
Sensex- closed at 17,362.10(-207.43 Points & -1.18% )
CNX MIDCAP - closed at 7,217.35(-105.95 Points & -1.45%)
BSE SMALL CAP- closed at 6,872.56(-73.49 Points & -1.06%)
1- All the Indices closed in Red except IT and FMCG
2- Long Black Candle.
3- Crashing Global cues led sharp fall.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(09-Nov-2011): 18.78
Advances & Declines
BSE ADVANCES : 968
BSE DECLINES :1909
NSE ADVANCES : 345
NSE DECLINES :1107
Nifty Open Interest Changed Today
Nifty- 5200 CE(Nov)- +399450(+15.94%)
Nifty- 5200 PE(Nov)- -27450(-0.57%)
Nifty- 5300 CE(Nov)- +1298100(+26.21%)
Nifty- 5300 PE(Nov)- +303500(+8.38%)
Closing
Nifty- closed at 5,221.05(-68.30 Points & -1.29%)
Sensex- closed at 17,362.10(-207.43 Points & -1.18% )
CNX MIDCAP - closed at 7,217.35(-105.95 Points & -1.45%)
BSE SMALL CAP- closed at 6,872.56(-73.49 Points & -1.06%)
FII & DII trading activity in Capital Market Segment on 09-Nov-2011
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Nifty Spot-Levels & Trading Strategy for 11-11-2011
Nifty Spot-Levels
R3 5394
R2 5355
R1 5288
Avg 5249
S1 5182
S2 5143
S3 5076
Nifty Spot-Trading Strategy
H6 5327 Trgt 2
H5 5303 Trgt 1
H4 5279 Long breakout
H3 5250 Go Short
H2 5240
H1 5230
L1 5211
L2 5201
L3 5191 Long
L4 5162 Short Breakout
L5 5138 Trgt 1
L6 5114 Trgt 2
R3 5394
R2 5355
R1 5288
Avg 5249
S1 5182
S2 5143
S3 5076
Nifty Spot-Trading Strategy
H6 5327 Trgt 2
H5 5303 Trgt 1
H4 5279 Long breakout
H3 5250 Go Short
H2 5240
H1 5230
L1 5211
L2 5201
L3 5191 Long
L4 5162 Short Breakout
L5 5138 Trgt 1
L6 5114 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 11-11-2011
Nifty(Nov Fut)-Levels
R3 5408
R2 5369
R1 5303
Avg 5264
S1 5198
S2 5159
S3 5093
Nifty(Nov Fut)-Trading Strategy
H6 5342 Trgt 2
H5 5318 Trgt 1
H4 5294 Long breakout
H3 5265 Go Short
H2 5256
H1 5246
L1 5227
L2 5217
L3 5208 Long
L4 5179 Short Breakout
L5 5155 Trgt 1
L6 5131 Trgt 2
R3 5408
R2 5369
R1 5303
Avg 5264
S1 5198
S2 5159
S3 5093
Nifty(Nov Fut)-Trading Strategy
H6 5342 Trgt 2
H5 5318 Trgt 1
H4 5294 Long breakout
H3 5265 Go Short
H2 5256
H1 5246
L1 5227
L2 5217
L3 5208 Long
L4 5179 Short Breakout
L5 5155 Trgt 1
L6 5131 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 11-11-2011
Bank Nifty(Nov Fut)-Levels
R3 10220
R2 10085
R1 9845
Avg 9710
S1 9470
S2 9335
S3 9095
Bank Nifty(Nov Fut)-Trading Strategy
H6 9981 Trgt 2
H5 9896 Trgt 1
H4 9811 Long breakout
H3 9708 Go Short
H2 9673
H1 9639
L1 9570
L2 9536
L3 9501 Long
L4 9398 Short Breakout
L5 9313 Trgt 1
L6 9228 Trgt 2
R3 10220
R2 10085
R1 9845
Avg 9710
S1 9470
S2 9335
S3 9095
Bank Nifty(Nov Fut)-Trading Strategy
H6 9981 Trgt 2
H5 9896 Trgt 1
H4 9811 Long breakout
H3 9708 Go Short
H2 9673
H1 9639
L1 9570
L2 9536
L3 9501 Long
L4 9398 Short Breakout
L5 9313 Trgt 1
L6 9228 Trgt 2
Mid-session Outlook-3(09-11-2011)
Today intraday charts are showing selling intraday patterns at higher levels after showing opening weakness therefore more down moves are possible below 5280.
Mid-session Outlook-2(09-11-2011)
Sharp declines were seen after S.B.I. quarterly results but again intraday support seen near 5280. Amid high volatility following lines of today Mid-session Outlook are being repeated for next moves confirmations:-
firstly sustaining beyond 5280 should be watched for next moves confirmations.
firstly sustaining beyond 5280 should be watched for next moves confirmations.
Mid-session Outlook(09-11-2011)
Market strength was told in following lines in Post-open Outlook at 09:23:00 AM today:-
1- not strong therefore profit booking possibility
2- next moves confirmation levels for today will be sustaining beyond 5280-5323.
Markets slipped from higher levels and Nifty moved below 5280 also and hovering it around since then. Nifty is trading narrow between 5257-5323 for the last 3 sessions with good supports between 5257-5273 and complete selling is required today for slipping below 5257.
Consolidation signals are emerging near 5280 today therefore firstly sustaining beyond 5280 should be watched for next moves confirmations. As 2 previous days intraday patterns are showing consolidation formations therefore finally sustaining above 5323 possibility is high.
1- not strong therefore profit booking possibility
2- next moves confirmation levels for today will be sustaining beyond 5280-5323.
Markets slipped from higher levels and Nifty moved below 5280 also and hovering it around since then. Nifty is trading narrow between 5257-5323 for the last 3 sessions with good supports between 5257-5273 and complete selling is required today for slipping below 5257.
Consolidation signals are emerging near 5280 today therefore firstly sustaining beyond 5280 should be watched for next moves confirmations. As 2 previous days intraday patterns are showing consolidation formations therefore finally sustaining above 5323 possibility is high.
Post-open Outlook(09-11-2011)
Positive zone trading after gap up opening but not strong therefore profit booking possibility will be kept in mind and next moves confirmation levels for today will be sustaining beyond 5280-5323.
Nifty-Micro Analysis of Intra Day Chart For 09-11-2011
Nifty-Intra Day Chart(08-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5293-5303
2- Buying between 5253-5267
3- Mixed Patterns between 5278-5298
4- Whole day trading between 5252-5303
Conclusions
Although higher levels selling and lower levels buying but intraday patterns are suggesting consolidation formations therefore crossing and sustaining possibility above 5303 is high in the coming sessions. If no big blow from global markets then rally will be seen above 5303.
 |
| Just click on chart for its enlarged view |
1- Selling between 5293-5303
2- Buying between 5253-5267
3- Mixed Patterns between 5278-5298
4- Whole day trading between 5252-5303
Conclusions
Although higher levels selling and lower levels buying but intraday patterns are suggesting consolidation formations therefore crossing and sustaining possibility above 5303 is high in the coming sessions. If no big blow from global markets then rally will be seen above 5303.
Indian Stock Markets Closing Reports(08-Nov-2011)
1- Flat closing.
2- Bullish hammer candle.
3- All the Indices got support at lower levels.
Ratios
Nifty Put Call Ratio: 1.11
Nifty P/E Ratio(08-Nov-2011): 19.11
Advances & Declines
BSE ADVANCES : 1420
BSE DECLINES : 1435
NSE ADVANCES : 656
NSE DECLINES : 768
Nifty Open Interest Changed Today
Nifty- 5200 CE(Nov)- +55600(+2.18%)
Nifty- 5200 PE(Nov)- -107000(-2.11%)
Nifty- 5300 CE(Nov)- +951700(+22.91%)
Nifty- 5300 PE(Nov)- +429500(+13.000%)
Nifty- 5400 CE(Nov)- +741850(+12.19%)
Nifty- 5400 PE(Nov)- +39850(+3.22%)
Closing
Nifty- closed at 5,289.35(+5.15 Points & +0.10%)
Sensex- closed at 17,569.53(+6.92 Points & +0.04% )
CNX MIDCAP - closed at 7,323.30(+3.30 Points & +0.05%)
BSE SMALL CAP- closed at 6,946.05(-12.08 Points & -0.17%)
FII & DII trading activity in Capital Market Segment on 08-Nov-2011
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Nifty Spot-Levels & Trading Strategy for 09-11-2011
Nifty Spot-Levels
R3 5363
R2 5333
R1 5311
Avg 5281
S1 5259
S2 5229
S3 5207
Nifty Spot-Trading Strategy
H6 5341 Trgt 2
H5 5329 Trgt 1
H4 5317 Long breakout
H3 5303 Go Short
H2 5298
H1 5293
L1 5284
L2 5279
L3 5274 Long
L4 5260 Short Breakout
L5 5248 Trgt 1
L6 5236 Trgt 2
R3 5363
R2 5333
R1 5311
Avg 5281
S1 5259
S2 5229
S3 5207
Nifty Spot-Trading Strategy
H6 5341 Trgt 2
H5 5329 Trgt 1
H4 5317 Long breakout
H3 5303 Go Short
H2 5298
H1 5293
L1 5284
L2 5279
L3 5274 Long
L4 5260 Short Breakout
L5 5248 Trgt 1
L6 5236 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 09-11-2011
Nifty(Nov Fut)-Levels
R3 5405
R2 5369
R1 5342
Avg 5306
S1 5279
S2 5243
S3 5216
Nifty(Nov Fut)-Trading Strategy
H6 5378 Trgt 2
H5 5364 Trgt 1
H4 5349 Long breakout
H3 5332 Go Short
H2 5326
H1 5320
L1 5309
L2 5303
L3 5297 Long
L4 5280 Short Breakout
L5 5265 Trgt 1
L6 5251 Trgt 2
R3 5405
R2 5369
R1 5342
Avg 5306
S1 5279
S2 5243
S3 5216
Nifty(Nov Fut)-Trading Strategy
H6 5378 Trgt 2
H5 5364 Trgt 1
H4 5349 Long breakout
H3 5332 Go Short
H2 5326
H1 5320
L1 5309
L2 5303
L3 5297 Long
L4 5280 Short Breakout
L5 5265 Trgt 1
L6 5251 Trgt 2
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