Confirmation of Nifty reverting into previous 54 sessions trading range(4720-5229) and now breaking down of strong support range of 5010. Sustaining below 5010 will be confirmation of more down moves towards lowest of 54 sessions trading range(4720)
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(16-11-2011)
Dow's Futures is more than 140 points down,all the Asian markets are also in Red and Nifty slipped below 5010 also therefore breaking down confirmation of strong support range as well as more down moves.
Pre-open Outlook(16-11-2011)
Dow's Futures is more than 110 points down today morning and all the Asian markets are also in Red therefore sentiment is again depressed today morning. High global pressure and Nifty will trade firstly at lower levels within 5010-5050 of mentioned strong support range(5010-5100).
Dampened sentiment today morning and sustaining below 5010 will be confirmation of deeper down moves.
Dampened sentiment today morning and sustaining below 5010 will be confirmation of deeper down moves.
Nifty-Micro Analysis of Intra Day Chart For 16-11-2011
Nifty-Intra Day Chart(15-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5127-5257
2- Last 52 minutes mixed Patterns between 5060-5083
3- Whole day trading between 5053-5158
Conclusions
Firstly more than 4 hours selling and after that trading between atrong support range(5010-5100) with mixed Patterns between 5060-5083 therefore expected that Nifty will firstly trade between this range. Although some more down moves possibility in consolidation process can not be ruled out but Nifty traded with mixed intraday patterns between strong support range therefore trading between 5010-5100 should be firstly watched for next moves confirmations.
As last 52 minutes mixed Patterns therefore expected that Nifty will finally get support between mentioned strong support range and Nifty will trade above 5100.
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| Just click on chart for its enlarged view |
1- Selling between 5127-5257
2- Last 52 minutes mixed Patterns between 5060-5083
3- Whole day trading between 5053-5158
Conclusions
Firstly more than 4 hours selling and after that trading between atrong support range(5010-5100) with mixed Patterns between 5060-5083 therefore expected that Nifty will firstly trade between this range. Although some more down moves possibility in consolidation process can not be ruled out but Nifty traded with mixed intraday patterns between strong support range therefore trading between 5010-5100 should be firstly watched for next moves confirmations.
As last 52 minutes mixed Patterns therefore expected that Nifty will finally get support between mentioned strong support range and Nifty will trade above 5100.
FII & DII trading activity in Capital Market Segment on 15-Nov-2011
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Indian Stock Markets Closing Reports(15-Nov-2011)
Main features of today trading are as follows
1- Long Black Candle.
2- All the indices closed in Red.
3- Weakness after higher levels selling.
Ratios
Nifty Put Call Ratio: 0.92
Nifty P/E Ratio(15-Nov-2011): 18.35
Advances & Declines
BSE ADVANCES : 610
BSE DECLINES : 2259
NSE ADVANCES : 176
NSE DECLINES : 1289
Nifty Open Interest Changed Today
Nifty- 5100 CE(Nov)- +2250550(+98.47%)
Nifty- 5100 PE(Nov)- -336950(-5.39%)
Nifty- 5200 CE(Nov)- +687600(+13.83%)
Nifty- 5200 PE(Nov)- -1030550(-24.45%)
Closing
Nifty- closed at 5,068.50(-79.85 Points & -1.55%)
Sensex- closed at 16,882.67(-236.07 Points & -1.38% )
CNX MIDCAP - closed at 6,862.95(-181.70 Points & -2.58%)
BSE SMALL CAP- closed at 6,461.38(-184.11 Points & -2.77%)
Nifty Spot-Levels & Trading Strategy for 16-11-2011
Nifty Spot-Levels
R3 5239
R2 5198
R1 5133
Avg 5092
S1 5027
S2 4986
S3 4921
Nifty Spot-Trading Strategy
H6 5174 Trgt 2
H5 5150 Trgt 1
H4 5126 Long breakout
H3 5097 Go Short
H2 5087
H1 5077
L1 5058
L2 5048
L3 5038 Long
L4 5009 Short Breakout
L5 4985 Trgt 1
L6 4961 Trgt 2
R3 5239
R2 5198
R1 5133
Avg 5092
S1 5027
S2 4986
S3 4921
Nifty Spot-Trading Strategy
H6 5174 Trgt 2
H5 5150 Trgt 1
H4 5126 Long breakout
H3 5097 Go Short
H2 5087
H1 5077
L1 5058
L2 5048
L3 5038 Long
L4 5009 Short Breakout
L5 4985 Trgt 1
L6 4961 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 16-11-2011
Nifty(Nov Fut)-Levels
R3 5259
R2 5217
R1 5147
Avg 5105
S1 5035
S2 4993
S3 4923
Nifty(Nov Fut)-Trading Strategy
H6 5190 Trgt 2
H5 5164 Trgt 1
H4 5139 Long breakout
H3 5108 Go Short
H2 5098
H1 5088
L1 5067
L2 5057
L3 5047 Long
L4 5016 Short Breakout
L5 4991 Trgt 1
L6 4965 Trgt 2
R3 5259
R2 5217
R1 5147
Avg 5105
S1 5035
S2 4993
S3 4923
Nifty(Nov Fut)-Trading Strategy
H6 5190 Trgt 2
H5 5164 Trgt 1
H4 5139 Long breakout
H3 5108 Go Short
H2 5098
H1 5088
L1 5067
L2 5057
L3 5047 Long
L4 5016 Short Breakout
L5 4991 Trgt 1
L6 4965 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 16-11-2011
Bank Nifty(Nov Fut)-Levels
R3 9520
R2 9422
R1 9251
Avg 9153
S1 8982
S2 8884
S3 8713
Bank Nifty(Nov Fut)-Trading Strategy
H6 9349 Trgt 2
H5 9288 Trgt 1
H4 9227 Long breakout
H3 9153 Go Short
H2 9129
H1 9104
L1 9055
L2 9030
L3 9006 Long
L4 8932 Short Breakout
L5 8871 Trgt 1
L6 8810 Trgt 2
R3 9520
R2 9422
R1 9251
Avg 9153
S1 8982
S2 8884
S3 8713
Bank Nifty(Nov Fut)-Trading Strategy
H6 9349 Trgt 2
H5 9288 Trgt 1
H4 9227 Long breakout
H3 9153 Go Short
H2 9129
H1 9104
L1 9055
L2 9030
L3 9006 Long
L4 8932 Short Breakout
L5 8871 Trgt 1
L6 8810 Trgt 2
Pre-Closing Outlook(15-11-2011)
Clear weakness after higher levels intraday selling and Nifty is trading within strong support range(5010-5100) therefore volatile market may be seen tomorrow and more down moves possibility can not be ruled out.
Mid-session Outlook(15-11-2011)
No fluctuation in US Futures and weakness in Asian markets therefore Indian markets are range bound and quietly trading between 5120-5157 This range break out will give next moves confirmations. As intraday charts are suggesting selling today therefore down moves possibilities are high after break down.
Pre-open Outlook(15-11-2011)
All the Asain markets are in Red after US markets negative closing therefore sentiment is weak today morning. It is being seen for the last 4 months that US Futures remains highly fluctuating and volatile whole day and most uncertain news flow from European markets therefore cautious approach is required.
Sustaining below 5147 will mean countering of next strong support range(5010-5100) and sustaining beyond this range will be confirmation Oct 2011 rally survival. It means that if Nifty finally sustains above 5100 then it will be confirmation of post Diwali-2011 correction completion and then up moves will be expected. Sustaing below 5010 will confirmation of deeper down moves with testing possibility of previous 54 sessions lowest(4720).
Expected that Nifty will first trade between 5110-5170 after weak opening and break out of this range will give confirmation to next trend according to above mentioned next moves.
Sustaining below 5147 will mean countering of next strong support range(5010-5100) and sustaining beyond this range will be confirmation Oct 2011 rally survival. It means that if Nifty finally sustains above 5100 then it will be confirmation of post Diwali-2011 correction completion and then up moves will be expected. Sustaing below 5010 will confirmation of deeper down moves with testing possibility of previous 54 sessions lowest(4720).
Expected that Nifty will first trade between 5110-5170 after weak opening and break out of this range will give confirmation to next trend according to above mentioned next moves.
Nifty-Micro Analysis of Intra Day Chart For 15-11-2011
Nifty-Intra Day Chart(14-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Falling Channel
2- Consolidation patterns
3- Whole day trading between 5141-5227
Conclusions from intra day chart analysis
Whole day falling channels with intraday consolidation patterns and closing at the support. Day started with Dow's futures 75 up and all the global markets started to melt down with the slipping of US futures and markets. Indian and all the European markets closed in Red after good opening and Dow Jones had also traded more than 100 points down.
Although Indian markets closed in Red but intraday charts are not showing selling patterns but consolidations formations are visible. As closing is exactly at support therefore sustaining below 5148 is must for next down moves confirmations.
'ABC' correction of Oct 2011 rally is on and its completion levels is near the closing of previous 2 sessions, slipping below it will mean countering of next strong support range(5010-5100). All the Global markets are completely affected by most uncertain European news flow and highly volatile global markets. As Indian markets are trading near strong supports therefore firstly sustaining below 5147 and then above mentioned next support range should be watched for next moves confirmations.
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| Just click on chart for its enlarged view |
1- Falling Channel
2- Consolidation patterns
3- Whole day trading between 5141-5227
Conclusions from intra day chart analysis
Whole day falling channels with intraday consolidation patterns and closing at the support. Day started with Dow's futures 75 up and all the global markets started to melt down with the slipping of US futures and markets. Indian and all the European markets closed in Red after good opening and Dow Jones had also traded more than 100 points down.
Although Indian markets closed in Red but intraday charts are not showing selling patterns but consolidations formations are visible. As closing is exactly at support therefore sustaining below 5148 is must for next down moves confirmations.
'ABC' correction of Oct 2011 rally is on and its completion levels is near the closing of previous 2 sessions, slipping below it will mean countering of next strong support range(5010-5100). All the Global markets are completely affected by most uncertain European news flow and highly volatile global markets. As Indian markets are trading near strong supports therefore firstly sustaining below 5147 and then above mentioned next support range should be watched for next moves confirmations.
FII & DII trading activity in Capital Market Segment on 14-Nov-2011
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Indian Stock Markets Closing Reports(14-Nov-2011)
Main features of today trading are as follows
1- Red closing.
2- Long Black Candle.
3- Global cues led fall.
Ratios
Nifty Put Call Ratio: 0.92
Nifty P/E Ratio(14-Nov-2011): 18.59
Advances & Declines
BSE ADVANCES : 874
BSE DECLINES : 1991
NSE ADVANCES : 325
NSE DECLINES : 1113
Nifty Open Interest Changed Today
Nifty- 5100 CE(Nov)- +382150(+19.94%)
Nifty- 5100 PE(Nov)- +723650(+13.04%)
Nifty- 5200 CE(Nov)- + 574400(+ 13.0%)
Nifty- 5200 PE(Nov)- +441250(+11.12%)
Closing
Nifty- closed at 5,148.35(-20.50 Points & -0.40%)
Sensex- closed at 17,118.74(-74.08 Points & -0.43% )
CNX MIDCAP - closed at 7,044.65(-79.60 Points & -1.12%)
BSE SMALL CAP- closed at 6,645.49 (-119.23 Points & -1.76%)
1- Red closing.
2- Long Black Candle.
3- Global cues led fall.
Ratios
Nifty Put Call Ratio: 0.92
Nifty P/E Ratio(14-Nov-2011): 18.59
Advances & Declines
BSE ADVANCES : 874
BSE DECLINES : 1991
NSE ADVANCES : 325
NSE DECLINES : 1113
Nifty Open Interest Changed Today
Nifty- 5100 CE(Nov)- +382150(+19.94%)
Nifty- 5100 PE(Nov)- +723650(+13.04%)
Nifty- 5200 CE(Nov)- + 574400(+ 13.0%)
Nifty- 5200 PE(Nov)- +441250(+11.12%)
Closing
Nifty- closed at 5,148.35(-20.50 Points & -0.40%)
Sensex- closed at 17,118.74(-74.08 Points & -0.43% )
CNX MIDCAP - closed at 7,044.65(-79.60 Points & -1.12%)
BSE SMALL CAP- closed at 6,645.49 (-119.23 Points & -1.76%)
Nifty Spot-Levels & Trading Strategy for 15-11-2011
Nifty Spot-Levels
R3 5292
R2 5260
R1 5204
Avg 5172
S1 5116
S2 5084
S3 5028
Nifty Spot-Trading Strategy
H6 5236 Trgt 2
H5 5216 Trgt 1
H4 5196 Long breakout
H3 5172 Go Short
H2 5164
H1 5156
L1 5139
L2 5131
L3 5123 Long
L4 5099 Short Breakout
L5 5079 Trgt 1
L6 5059 Trgt 2
R3 5292
R2 5260
R1 5204
Avg 5172
S1 5116
S2 5084
S3 5028
Nifty Spot-Trading Strategy
H6 5236 Trgt 2
H5 5216 Trgt 1
H4 5196 Long breakout
H3 5172 Go Short
H2 5164
H1 5156
L1 5139
L2 5131
L3 5123 Long
L4 5099 Short Breakout
L5 5079 Trgt 1
L6 5059 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 15-11-2011
Nifty(Nov Fut)-Levels
R3 5319
R2 5283
R1 5219
Avg 5183
S1 5119
S2 5083
S3 5019
Nifty(Nov Fut)-Trading Strategy
H6 5255 Trgt 2
H5 5232 Trgt 1
H4 5210 Long breakout
H3 5182 Go Short
H2 5173
H1 5164
L1 5145
L2 5136
L3 5127 Long
L4 5100 Short Breakout
L5 5077 Trgt 1
L6 5054 Trgt 2
R3 5319
R2 5283
R1 5219
Avg 5183
S1 5119
S2 5083
S3 5019
Nifty(Nov Fut)-Trading Strategy
H6 5255 Trgt 2
H5 5232 Trgt 1
H4 5210 Long breakout
H3 5182 Go Short
H2 5173
H1 5164
L1 5145
L2 5136
L3 5127 Long
L4 5100 Short Breakout
L5 5077 Trgt 1
L6 5054 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 15-11-2011
Bank Nifty(Nov Fut)-Levels
R3 9635
R2 9555
R1 9415
Avg 9335
S1 9195
S2 9115
S3 8975
Bank Nifty(Nov Fut)-Trading Strategy
H6 9496 Trgt 2
H5 9446 Trgt 1
H4 9397 Long breakout
H3 9336 Go Short
H2 9316
H1 9296
L1 9255
L2 9235
L3 9215 Long
L4 9155 Short Breakout
L5 9105 Trgt 1
L6 9055 Trgt 2
R3 9635
R2 9555
R1 9415
Avg 9335
S1 9195
S2 9115
S3 8975
Bank Nifty(Nov Fut)-Trading Strategy
H6 9496 Trgt 2
H5 9446 Trgt 1
H4 9397 Long breakout
H3 9336 Go Short
H2 9316
H1 9296
L1 9255
L2 9235
L3 9215 Long
L4 9155 Short Breakout
L5 9105 Trgt 1
L6 9055 Trgt 2
Pre-Closing Outlook(14-11-2011)
Dow's Futures was trading more than 75 points up today morning but slipped and now flat. European markets also opened with good gains but some are more than more than half pct down. Indian markets also followed suit and opened 1% up after strong Asian markets but tumbled after weakening US futures and European markets.
Next support is between 5147-5168 and Nifty slipped below 5147,it is weakness signal and sustaining below it will be deeper correction confirmation of Oct 2011 rally.
Next support is between 5147-5168 and Nifty slipped below 5147,it is weakness signal and sustaining below it will be deeper correction confirmation of Oct 2011 rally.
Mid-session Outlook-2(14-11-2011)
Markets are discounting global events and moving at par with global global markets. As Asian markets were strong today morning therefore Indian markets opened 1% up and all the European markets are flat at this moment therefore Indian markets are flat at this moment.
Next support is between 5147-5168 and sustaining below 5147 will be confirmation of sharp declines.
Next support is between 5147-5168 and sustaining below 5147 will be confirmation of sharp declines.
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