Nifty-Micro Analysis of Intra Day Chart For 18-11-2011

Nifty-Intra Day Chart(17-Nov-2011):-

Just click on chart for its enlarged view

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).

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%)

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

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

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

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.

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.

Technical Analysis,Researches & Market Outlook(17-11-2011)

Nifty-Intra Day Chart(16-Nov-2011):-

Just click on chart for its enlarged view

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):-

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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).

FII Trading Data in Derivatives Segment on 16-Nov-2011

FII & DII trading activity in Capital Market Segment on 16-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 16-Nov-2011 1743.78 2232.67 -488.89

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Nov-2011 1374.11 1096.32 277.79

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%)

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

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

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

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.

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.

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.