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Nifty-Micro Analysis of Intra Day Chart For 18-11-2011
Nifty-Intra Day Chart(17-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5020-5035
2- Free fall seen below 5010
3- Whole day trading between 4920-5036
Conclusions from intra day chart analysis
Technical positions have already been explained in Technical Analysis,Researches & Market Outlook(17-11-2011) and following lines were also told after selling indications at 12:01:00 PM in Mid-session Outlook-2
"Selling indications between 5020-5035 and until Nifty will not sustain above 5035 till then up moves will not be considered"
Finally free fall seen today after breaking down of strong support range(5010-5100). Next supports are as follows:-
1- 4845-4900
2- 4745-4800
Testing of above supports are possible in the coming sessions and next big trend decider is lowest of previous 54 sessions range(4720).
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| Just click on chart for its enlarged view |
1- Selling between 5020-5035
2- Free fall seen below 5010
3- Whole day trading between 4920-5036
Conclusions from intra day chart analysis
Technical positions have already been explained in Technical Analysis,Researches & Market Outlook(17-11-2011) and following lines were also told after selling indications at 12:01:00 PM in Mid-session Outlook-2
"Selling indications between 5020-5035 and until Nifty will not sustain above 5035 till then up moves will not be considered"
Finally free fall seen today after breaking down of strong support range(5010-5100). Next supports are as follows:-
1- 4845-4900
2- 4745-4800
Testing of above supports are possible in the coming sessions and next big trend decider is lowest of previous 54 sessions range(4720).
Indian Stock Markets Closing Reports(17-Nov-2011)
Main features of today trading are as follows
1- All the Indices closed in Red.
2- Long Black Candle.
3- closing at lowest of day below 5000.
Ratios
Nifty Put Call Ratio:0.84
Nifty P/E Ratio(18-Nov-2011):17.87
Advances & Declines
BSE ADVANCES : 821
BSE DECLINES : 2007
NSE ADVANCES : 385
NSE DECLINES : 1064
Nifty Open Interest Changed Today
Nifty- 4900 CE(Nov)- +2595050(+472.69%)
Nifty- 4900 PE(Nov)- +1394050(+27.04%)
Nifty- 5000 CE(Nov)- +1379300(+43.66%)
Nifty- 5000 PE(Nov)- -1310150(-18.35%)
Closing
Nifty- closed at 4,934.75(-95.70 Points & -1.90%)
Sensex- closed at 16,461.71(-314.16 Points & -1.87% )
CNX MIDCAP - closed at 6,691.05(-107.20 Points & -1.58%)
BSE SMALL CAP- closed at 6,301.73(-73.06 Points & -1.15%)
1- All the Indices closed in Red.
2- Long Black Candle.
3- closing at lowest of day below 5000.
Ratios
Nifty Put Call Ratio:0.84
Nifty P/E Ratio(18-Nov-2011):17.87
Advances & Declines
BSE ADVANCES : 821
BSE DECLINES : 2007
NSE ADVANCES : 385
NSE DECLINES : 1064
Nifty Open Interest Changed Today
Nifty- 4900 CE(Nov)- +2595050(+472.69%)
Nifty- 4900 PE(Nov)- +1394050(+27.04%)
Nifty- 5000 CE(Nov)- +1379300(+43.66%)
Nifty- 5000 PE(Nov)- -1310150(-18.35%)
Closing
Nifty- closed at 4,934.75(-95.70 Points & -1.90%)
Sensex- closed at 16,461.71(-314.16 Points & -1.87% )
CNX MIDCAP - closed at 6,691.05(-107.20 Points & -1.58%)
BSE SMALL CAP- closed at 6,301.73(-73.06 Points & -1.15%)
Nifty Spot-Levels & Trading Strategy for 18-11-2011
Nifty Spot-Levels
R3 5124
R2 5080
R1 5007
Avg 4963
S1 4890
S2 4846
S3 4773
Nifty Spot-Trading Strategy
H6 5051 Trgt 2
H5 5024 Trgt 1
H4 4998 Long breakout
H3 4966 Go Short
H2 4955
H1 4944
L1 4923
L2 4912
L3 4901 Long
L4 4869 Short Breakout
L5 4843 Trgt 1
L6 4816 Trgt 2
R3 5124
R2 5080
R1 5007
Avg 4963
S1 4890
S2 4846
S3 4773
Nifty Spot-Trading Strategy
H6 5051 Trgt 2
H5 5024 Trgt 1
H4 4998 Long breakout
H3 4966 Go Short
H2 4955
H1 4944
L1 4923
L2 4912
L3 4901 Long
L4 4869 Short Breakout
L5 4843 Trgt 1
L6 4816 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 18-11-2011
Nifty(Nov Fut)-Levels
R3 5154
R2 5103
R1 5017
Avg 4966
S1 4880
S2 4829
S3 4743
Nifty(Nov Fut)-Trading Strategy
H6 5069 Trgt 2
H5 5038 Trgt 1
H4 5007 Long breakout
H3 4969 Go Short
H2 4957
H1 4944
L1 4919
L2 4906
L3 4894 Long
L4 4856 Short Breakout
L5 4825 Trgt 1
L6 4794 Trgt 2
R3 5154
R2 5103
R1 5017
Avg 4966
S1 4880
S2 4829
S3 4743
Nifty(Nov Fut)-Trading Strategy
H6 5069 Trgt 2
H5 5038 Trgt 1
H4 5007 Long breakout
H3 4969 Go Short
H2 4957
H1 4944
L1 4919
L2 4906
L3 4894 Long
L4 4856 Short Breakout
L5 4825 Trgt 1
L6 4794 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 18-11-2011
Bank Nifty(Nov Fut)-Levels
R3 9328
R2 9227
R1 9058
Avg 8957
S1 8788
S2 8687
S3 8518
Bank Nifty(Nov Fut)-Trading Strategy
H6 9161 Trgt 2
H5 9099 Trgt 1
H4 9038 Long breakout
H3 8964 Go Short
H2 8939
H1 8914
L1 8865
L2 8840
L3 8815 Long
L4 8741 Short Breakout
L5 8680 Trgt 1
L6 8618 Trgt 2
R3 9328
R2 9227
R1 9058
Avg 8957
S1 8788
S2 8687
S3 8518
Bank Nifty(Nov Fut)-Trading Strategy
H6 9161 Trgt 2
H5 9099 Trgt 1
H4 9038 Long breakout
H3 8964 Go Short
H2 8939
H1 8914
L1 8865
L2 8840
L3 8815 Long
L4 8741 Short Breakout
L5 8680 Trgt 1
L6 8618 Trgt 2
Pre-Closing Outlook(17-11-2011)
Technical positions have already been explained in all the today Outlooks and now breaking down as well as more down moves confirmations and next levels have been explained before opening of today market in Technical Analysis,Researches & Market Outlook(17-11-2011)
Mid-session Outlook-2(17-11-2011)
Technical positions of today intraday trading is as follows:-
1- Today trading range at this moment 4993-5036
2- Buying between 4993-5005
3- Selling between 5020-5035
Higher levels selling and lower levels buying therefore intraday patterns are mixed and today trading range break out should be watched for next moves confirmations.
1- Today trading range at this moment 4993-5036
2- Buying between 4993-5005
3- Selling between 5020-5035
Higher levels selling and lower levels buying therefore intraday patterns are mixed and today trading range break out should be watched for next moves confirmations.
Mid-session Outlook-2(17-11-2011)
Selling indications between 5020-5035 and until Nifty will not sustain above 5035 till then up moves will not be considered.
Mid-session Outlook(17-11-2011)
Nifty got intraday support between 4990-5020 yesterday and traded almost first 2 hours between this range and crossed 5020. Sustaining above 5020 will be confirmation of strong support range survival and confirmation of up moves beginning also.
Firstly watch sustaining above 5020 for up moves confirmations.
Firstly watch sustaining above 5020 for up moves confirmations.
Technical Analysis,Researches & Market Outlook(17-11-2011)
Nifty-Intra Day Chart(16-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Buying between 4990-5020
2- Selling between 5040-5058
3- Whole day trading between 4990-5063
Conclusions from intra day chart analysis
All trends are down and Nifty traded most of the time between strong support range 5010-5100 and LTP was near at top of the day amid violent volatility with lower levels buying and higher levels selling. As both buying and selling trading positions between 5990-5058 therefore sustaining beyond this range will be next moves confirmation.
Nifty-EOD Chart(16-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- Again trading between previous 54 sessions range between 4720-5229
2- Strong support range between 5010-5100 and yesterday closing at lower levels between it.
3- No strong support between 4720-5010.
Conclusions
All trends are down,correction of Oct 2011 rally is on and Nifty has entered again between previous 54 sessions range between 4720-5229. Nifty traded and closed at the lower levels of strong support range between 5010-5100. As no strong support below 5010 therefore free fall is possible after breaking down and sustaining below of strong support range(5010).
Asian markets are not as much down as US markets closed in deep Red, sentiment is moderately dampened and weak opening is possible today. Nifty got intraday support between 4990-5020 yesterday and sustaining beyond this range should be watched for next moves confirmation as well as survival of mentioned strong support range(5010-5100).
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| Just click on chart for its enlarged view |
1- Buying between 4990-5020
2- Selling between 5040-5058
3- Whole day trading between 4990-5063
Conclusions from intra day chart analysis
All trends are down and Nifty traded most of the time between strong support range 5010-5100 and LTP was near at top of the day amid violent volatility with lower levels buying and higher levels selling. As both buying and selling trading positions between 5990-5058 therefore sustaining beyond this range will be next moves confirmation.
Nifty-EOD Chart(16-Nov-2011):-
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| Just click on chart for its enlarged view |
1- Again trading between previous 54 sessions range between 4720-5229
2- Strong support range between 5010-5100 and yesterday closing at lower levels between it.
3- No strong support between 4720-5010.
Conclusions
All trends are down,correction of Oct 2011 rally is on and Nifty has entered again between previous 54 sessions range between 4720-5229. Nifty traded and closed at the lower levels of strong support range between 5010-5100. As no strong support below 5010 therefore free fall is possible after breaking down and sustaining below of strong support range(5010).
Asian markets are not as much down as US markets closed in deep Red, sentiment is moderately dampened and weak opening is possible today. Nifty got intraday support between 4990-5020 yesterday and sustaining beyond this range should be watched for next moves confirmation as well as survival of mentioned strong support range(5010-5100).
FII & DII trading activity in Capital Market Segment on 16-Nov-2011
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Indian Stock Markets Closing Reports(16-Nov-2011)
Main features of today trading are as follows
1- Highly volatile market
2- All the Indices closed in Red except Metal,FMCG and CD
3- Black Candle.
Ratios
Nifty Put Call Ratio:0.94
Nifty P/E Ratio(16-Nov-2011): 18.21
Advances & Declines
BSE ADVANCES : 938
BSE DECLINES : 1904
NSE ADVANCES : 393
NSE DECLINES : 1051
Nifty Open Interest Changed Today
Nifty- 5000 CE(Nov)- +1902250(+136.14%)
Nifty- 5000 PE(Nov)- -85900(-1.09%)
Nifty- 5100 CE(Nov)- +569750(+12.58%)
Nifty- 5100 PE(Nov)- -876950(-16.61%)
Closing
Nifty- closed at 5,030.45(-38.05 Points & -0.75%)
Sensex- closed at 16,775.87(-106.80 Points & -0.63% )
CNX MIDCAP - closed at 6,798.25(-64.70 Points & -0.94%)
BSE SMALL CAP- closed at 6,374.79(-86.59 Points & -1.34%)
1- Highly volatile market
2- All the Indices closed in Red except Metal,FMCG and CD
3- Black Candle.
Ratios
Nifty Put Call Ratio:0.94
Nifty P/E Ratio(16-Nov-2011): 18.21
Advances & Declines
BSE ADVANCES : 938
BSE DECLINES : 1904
NSE ADVANCES : 393
NSE DECLINES : 1051
Nifty Open Interest Changed Today
Nifty- 5000 CE(Nov)- +1902250(+136.14%)
Nifty- 5000 PE(Nov)- -85900(-1.09%)
Nifty- 5100 CE(Nov)- +569750(+12.58%)
Nifty- 5100 PE(Nov)- -876950(-16.61%)
Closing
Nifty- closed at 5,030.45(-38.05 Points & -0.75%)
Sensex- closed at 16,775.87(-106.80 Points & -0.63% )
CNX MIDCAP - closed at 6,798.25(-64.70 Points & -0.94%)
BSE SMALL CAP- closed at 6,374.79(-86.59 Points & -1.34%)
Nifty Spot-Levels & Trading Strategy for 17-11-2011
Nifty Spot-Levels
R3 5143
R2 5104
R1 5067
PIVOT 5028
S1 4991
S2 4952
S3 4915
Nifty Spot-Trading Strategy
H6 5106 Trgt 2
H5 5089 Trgt 1
H4 5071 Long breakout
H3 5050 Go Short
H2 5043
H1 5036
L1 5023
L2 5016
L3 5009 Long
L4 4988 Short Breakout
L5 4970 Trgt 1
L6 4953 Trgt 2
R3 5143
R2 5104
R1 5067
PIVOT 5028
S1 4991
S2 4952
S3 4915
Nifty Spot-Trading Strategy
H6 5106 Trgt 2
H5 5089 Trgt 1
H4 5071 Long breakout
H3 5050 Go Short
H2 5043
H1 5036
L1 5023
L2 5016
L3 5009 Long
L4 4988 Short Breakout
L5 4970 Trgt 1
L6 4953 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 17-11-2011
Nifty(Nov Fut)-Levels
R3 5166.67
R2 5123.33
R1 5083.67
PIVOT 5040.33
S1 5000.67
S2 4957.33
S3 4917.67
Nifty(Nov Fut)-Trading Strategy
H6 5127 Trgt 2
H5 5108 Trgt 1
H4 5089 Long breakout
H3 5066 Go Short
H2 5059
H1 5051
L1 5036
L2 5028
L3 5021 Long
L4 4998 Short Breakout
L5 4979 Trgt 1
L6 4960 Trgt 2
R3 5166.67
R2 5123.33
R1 5083.67
PIVOT 5040.33
S1 5000.67
S2 4957.33
S3 4917.67
Nifty(Nov Fut)-Trading Strategy
H6 5127 Trgt 2
H5 5108 Trgt 1
H4 5089 Long breakout
H3 5066 Go Short
H2 5059
H1 5051
L1 5036
L2 5028
L3 5021 Long
L4 4998 Short Breakout
L5 4979 Trgt 1
L6 4960 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 17-11-2011
Bank Nifty(Nov Fut)-Levels
R3 9384.00
R2 9276.00
R1 9172.00
PIVOT 9064.00
S1 8960.00
S2 8852.00
S3 8748.00
Bank Nifty(Nov Fut)-Trading Strategy
H6 9282 Trgt 2
H5 9233 Trgt 1
H4 9184 Long breakout
H3 9126 Go Short
H2 9106
H1 9087
L1 9048
L2 9029
L3 9009 Long
L4 8951 Short Breakout
L5 8902 Trgt 1
L6 8853 Trgt 2
R3 9384.00
R2 9276.00
R1 9172.00
PIVOT 9064.00
S1 8960.00
S2 8852.00
S3 8748.00
Bank Nifty(Nov Fut)-Trading Strategy
H6 9282 Trgt 2
H5 9233 Trgt 1
H4 9184 Long breakout
H3 9126 Go Short
H2 9106
H1 9087
L1 9048
L2 9029
L3 9009 Long
L4 8951 Short Breakout
L5 8902 Trgt 1
L6 8853 Trgt 2
Pre-Closing Outlook(16-11-2011)
Crucial support range(5010-5100) survival indication and Nifty could not sustained below it as well as bounced after getting intraday support at lower levels. It should be kept in mind that today fast recovery from intraday lower levels was on the back on Dow's Futures which jumped more that 100 points in last 3 hours also.
Although good intraday up move after lower levels support but selling formation also at higher levels also today. All trends are down and and just watch sustaining beyond 5010 because that will be confirmation of strong support range(5010-5100) survival.
Although good intraday up move after lower levels support but selling formation also at higher levels also today. All trends are down and and just watch sustaining beyond 5010 because that will be confirmation of strong support range(5010-5100) survival.
Mid-session Outlook-3(16-11-2011)
Nifty slipped below 5010 but did not sustained and and got support also at lower levels.
Mid-session Outlook-2(16-11-2011)
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)
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.
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