Intraday selling confirmations between 4850-4868 today and more down moves as well as next supports near 4720 testing will be seen now.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Pre-open Outlook(21-11-2011)
Dow's Futures is more than 70 points down,all the Europen markets futures are also negative and all the Asian markets are also in Red therefore sentiment is extremely depressed today morning and weak opening will be seen in Indian markets.
Indian markets got good support at lower levels(4839-4874) but mixed intraday patterns were also seen between( 4891-4908)last Friday and Nifty will firstly trade and prepare for next moves between last Friday range(4839-4908) and sustaining it beyond will be next moves confirmation.
All trends are down and Indian markets are range bound(4720-5229) for the last 61 sessions therefore intermediate term trend is sideways and break out of last Friday range will be next short term moves confirmation.
Indian markets got good support at lower levels(4839-4874) but mixed intraday patterns were also seen between( 4891-4908)last Friday and Nifty will firstly trade and prepare for next moves between last Friday range(4839-4908) and sustaining it beyond will be next moves confirmation.
All trends are down and Indian markets are range bound(4720-5229) for the last 61 sessions therefore intermediate term trend is sideways and break out of last Friday range will be next short term moves confirmation.
Rally is on after good support at 4839 last Friday
Technical Analysis,Research and Weekly Outlook (Nov 21 to Nov 25,2011))
Nifty-EOD Chart(18-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- March 2009 rally top at 6338 on 05-11-2010
2- Last one year correction in falling trend line
3- Nifty retraced 4 times from falling trend line in last one year
4- Pull Back Rally started in Oct 2011 from 4728 and its correction is on.
5- Nifty has corrected upto 4837.
Nifty-EOD Chart(18-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- 61 Sessions range bound market between 4720-5229
2- Previously Nifty traded 54 sessions between 4720-5229.
3- Strong gap up 54 sessions break out was seen on 28-10-2011.
4- Nifty traded 8 sessions above 5229 but could not sustain above 5229 and reentered again within previous 54 sessions trading range.
5- Nifty again traded and closed in last 7 days between previous 54 sessions range.
Nifty-Intra Day Chart(18-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 4839-4874
2- Last 40 minutes mixed Patterns between 4891-4908
3- Intraday consolidation patterns
4- Whole day trading between 4839-4908
Conclusions from intra day chart analysis
Nifty traded whole day between 4839-4908 and following line was told in Pre-open Outlook(18-11-2011):-
"Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today"
Nifty traded almost whole day within mentioned 1st support range and prepare for next moves.
Following line was told in Mid-session Outlook-2
"Lower levels support and intraday patterns are indicating consolidation formations"
Firstly more than 4 hours consolidation and after that up moves in last one hour and Nifty crossed as well as closed above 4900. Market got good support within mentioned 1st support range and necely consolidated as well therefore short term up moves possibilities are high. As last 40 minutes mixed Patterns between 4891-4908 therefore sustaining above 4900 should be firstly watched next Monday for short term up moves confirmations.
Conclusions (After putting all indicators together)
Falling trend line again proved fatal for Oct 2011 Pull Back Rally and Nifty again reatraced from it. Correction is on and last 2 support ranges of Oct 2011 rally are as follows:-
1- 4845-4900
2- 4745-4800
Oct 2011 Pull Back Rally started from 4728 and completed at 5400. Its Fibonacci Retracement Levels are as follows:-
13.0%- 5312
23.6%- 5241
27.0%- 5218
38.2%- 5143
50.0%- 5064
61.8%- 4984
70.7%- 4924
76.4%- 4886
78.6%- 4871(Tested and closed above after good consolidation below it)
88.6%- 4804(Only last level testing is left)
Oct 2011 rally has retraced more than 83% and got good support within 4839-4874 on 18-11-2011 as well as nice consolidation and base formation seen also. As Nifty again got support within previous support range(4845-4900) yesterday therefore it is a strong sign of strength and first signal of correction completion of Oct 2011 rally.
Rally have started after getting good support at 4839 last Friday and expected that rally will remain continued after follow up buying in the beginning of next week. Sustaining above 4900 should be firstly watched next Monday for confirmations.
Nifty-EOD Chart(18-Nov-2011):-
 |
| Just click on chart for its enlarged view |
1- March 2009 rally top at 6338 on 05-11-2010
2- Last one year correction in falling trend line
3- Nifty retraced 4 times from falling trend line in last one year
4- Pull Back Rally started in Oct 2011 from 4728 and its correction is on.
5- Nifty has corrected upto 4837.
Nifty-EOD Chart(18-Nov-2011):-
 |
| Just click on chart for its enlarged view |
1- 61 Sessions range bound market between 4720-5229
2- Previously Nifty traded 54 sessions between 4720-5229.
3- Strong gap up 54 sessions break out was seen on 28-10-2011.
4- Nifty traded 8 sessions above 5229 but could not sustain above 5229 and reentered again within previous 54 sessions trading range.
5- Nifty again traded and closed in last 7 days between previous 54 sessions range.
Nifty-Intra Day Chart(18-Nov-2011):-
 |
| Just click on chart for its enlarged view |
1- Consolidation between 4839-4874
2- Last 40 minutes mixed Patterns between 4891-4908
3- Intraday consolidation patterns
4- Whole day trading between 4839-4908
Conclusions from intra day chart analysis
Nifty traded whole day between 4839-4908 and following line was told in Pre-open Outlook(18-11-2011):-
"Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today"
Nifty traded almost whole day within mentioned 1st support range and prepare for next moves.
Following line was told in Mid-session Outlook-2
"Lower levels support and intraday patterns are indicating consolidation formations"
Firstly more than 4 hours consolidation and after that up moves in last one hour and Nifty crossed as well as closed above 4900. Market got good support within mentioned 1st support range and necely consolidated as well therefore short term up moves possibilities are high. As last 40 minutes mixed Patterns between 4891-4908 therefore sustaining above 4900 should be firstly watched next Monday for short term up moves confirmations.
Conclusions (After putting all indicators together)
Falling trend line again proved fatal for Oct 2011 Pull Back Rally and Nifty again reatraced from it. Correction is on and last 2 support ranges of Oct 2011 rally are as follows:-
1- 4845-4900
2- 4745-4800
Oct 2011 Pull Back Rally started from 4728 and completed at 5400. Its Fibonacci Retracement Levels are as follows:-
13.0%- 5312
23.6%- 5241
27.0%- 5218
38.2%- 5143
50.0%- 5064
61.8%- 4984
70.7%- 4924
76.4%- 4886
78.6%- 4871(Tested and closed above after good consolidation below it)
88.6%- 4804(Only last level testing is left)
Oct 2011 rally has retraced more than 83% and got good support within 4839-4874 on 18-11-2011 as well as nice consolidation and base formation seen also. As Nifty again got support within previous support range(4845-4900) yesterday therefore it is a strong sign of strength and first signal of correction completion of Oct 2011 rally.
Rally have started after getting good support at 4839 last Friday and expected that rally will remain continued after follow up buying in the beginning of next week. Sustaining above 4900 should be firstly watched next Monday for confirmations.
Nifty-Micro Analysis of Intra Day Chart For 21-11-2011
Nifty-Intra Day Chart(18-Nov-2011):-
 |
| Just click on chart for its enlarged view |
1- Consolidation between 4839-4874
2- Last 40 minutes mixed Patterns between 4891-4908
3- Intraday consolidation patterns
4- Whole day trading between 4839-4908
Conclusions from intra day chart analysis
Nifty traded whole day between 4839-4908 and following line was told in Pre-open Outlook(18-11-2011):-
"Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today"
Nifty traded almost whole day within mentioned 1st support range and prepare for next moves.
Following line was told in Mid-session Outlook-2
"Lower levels support and intraday patterns are indicating consolidation formations"
Firstly more than 4 hours consolidation and after that up moves in last one hour and Nifty crossed as well as closed above 4900. Market got good support within mentioned 1st support range and necely consolidated as well therefore short term up moves possibilities are high. As last 40 minutes mixed Patterns between 4891-4908 therefore sustaining above 4900 should be firstly watched next Monday for short term up moves confirmations.
Indian Stock Markets Closing Reports(18-Nov-2011)
Main features of today trading are as follows
1- Benchmark and most Indices closed in Red.
2- Bullish Hammer Candle formation.
3- Good lower levels support.
Ratios
Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(18-Nov-2011): 17.76
Advances & Declines
BSE ADVANCES : 873
BSE DECLINES : 2013
NSE ADVANCES : 391
NSE DECLINES : 1060
Nifty Open Interest Changed Today
Nifty- 4800 CE(Nov)- +1604750(+498.60%)
Nifty- 4800 PE(Nov)- +563700(+10.45%)
Nifty- 4900 CE(Nov)- +1198400(+36.68%)
Nifty- 4900 PE(Nov)- -880400(-14.00%)
Closing
Nifty- closed at 4,905.80(-28.95 Points & -0.59%)
Sensex- closed at 16,371.51(-90.20 Points & -0.55% )
CNX MIDCAP - closed at 6,639.45(-51.60 Points & -0.77%)
BSE SMALL CAP- closed at 6,182.31(-119.42 Points & -1.90%)
1- Benchmark and most Indices closed in Red.
2- Bullish Hammer Candle formation.
3- Good lower levels support.
Ratios
Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(18-Nov-2011): 17.76
Advances & Declines
BSE ADVANCES : 873
BSE DECLINES : 2013
NSE ADVANCES : 391
NSE DECLINES : 1060
Nifty Open Interest Changed Today
Nifty- 4800 CE(Nov)- +1604750(+498.60%)
Nifty- 4800 PE(Nov)- +563700(+10.45%)
Nifty- 4900 CE(Nov)- +1198400(+36.68%)
Nifty- 4900 PE(Nov)- -880400(-14.00%)
Closing
Nifty- closed at 4,905.80(-28.95 Points & -0.59%)
Sensex- closed at 16,371.51(-90.20 Points & -0.55% )
CNX MIDCAP - closed at 6,639.45(-51.60 Points & -0.77%)
BSE SMALL CAP- closed at 6,182.31(-119.42 Points & -1.90%)
FII & DII trading activity in Capital Market Segment on 18-Nov-2011
| ||||||||||||||||
| ||||||||||||||||
Nifty Spot-Levels & Trading Strategy for 21-11-2011
Nifty Spot-Levels
R3 5012
R2 4963
R1 4934
Avg 4885
S1 4856
S2 4807
S3 4778
Nifty Spot-Trading Strategy
H6 4984 Trgt 2
H5 4966 Trgt 1
H4 4947 Long breakout
H3 4926 Go Short
H2 4919
H1 4912
L1 4897
L2 4890
L3 4883 Long
L4 4862 Short Breakout
L5 4844 Trgt 1
L6 4825 Trgt 2
R3 5012
R2 4963
R1 4934
Avg 4885
S1 4856
S2 4807
S3 4778
Nifty Spot-Trading Strategy
H6 4984 Trgt 2
H5 4966 Trgt 1
H4 4947 Long breakout
H3 4926 Go Short
H2 4919
H1 4912
L1 4897
L2 4890
L3 4883 Long
L4 4862 Short Breakout
L5 4844 Trgt 1
L6 4825 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2011
Nifty(Nov Fut)-Levels
R3 5022
R2 4973
R1 4943
Avg 4894
S1 4864
S2 4815
S3 4785
Nifty(Nov Fut)-Trading Strategy
H6 4994 Trgt 2
H5 4975 Trgt 1
H4 4957 Long breakout
H3 4935 Go Short
H2 4928
H1 4921
L1 4906
L2 4899
L3 4892 Long
L4 4870 Short Breakout
L5 4852 Trgt 1
L6 4833 Trgt 2
R3 5022
R2 4973
R1 4943
Avg 4894
S1 4864
S2 4815
S3 4785
Nifty(Nov Fut)-Trading Strategy
H6 4994 Trgt 2
H5 4975 Trgt 1
H4 4957 Long breakout
H3 4935 Go Short
H2 4928
H1 4921
L1 4906
L2 4899
L3 4892 Long
L4 4870 Short Breakout
L5 4852 Trgt 1
L6 4833 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2011
Bank Nifty(Nov Fut)-Levels
R3 9124.00
R2 9005.00
R1 8932.00
Avg 8813.00
S1 8740.00
S2 8621.00
S3 8548.00
Bank Nifty(Nov Fut)-Trading Strategy
H6 9054 Trgt 2
H5 9009 Trgt 1
H4 8964 Long breakout
H3 8911 Go Short
H2 8894
H1 8876
L1 8841
L2 8823
L3 8806 Long
L4 8753 Short Breakout
L5 8708 Trgt 1
L6 8663 Trgt 2
R3 9124.00
R2 9005.00
R1 8932.00
Avg 8813.00
S1 8740.00
S2 8621.00
S3 8548.00
Bank Nifty(Nov Fut)-Trading Strategy
H6 9054 Trgt 2
H5 9009 Trgt 1
H4 8964 Long breakout
H3 8911 Go Short
H2 8894
H1 8876
L1 8841
L2 8823
L3 8806 Long
L4 8753 Short Breakout
L5 8708 Trgt 1
L6 8663 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Nov 21 to Nov 25,2011)
Nifty Spot-Weekly Levels
R3 5535
R2 5382
R1 5143
Avg 4990
S1 4751
S2 4598
S3 4359
Nifty Spot-Weekly Trading Strategy
H6 5302 Trgt 2
H5 5211 Trgt 1
H4 5120 Long breakout
H3 5012 Go Short
H2 4976
H1 4940
L1 4869
L2 4833
L3 4797 Long
L4 4689 Short Breakout
L5 4598 Trgt 1
L6 4507 Trgt 2
R3 5535
R2 5382
R1 5143
Avg 4990
S1 4751
S2 4598
S3 4359
Nifty Spot-Weekly Trading Strategy
H6 5302 Trgt 2
H5 5211 Trgt 1
H4 5120 Long breakout
H3 5012 Go Short
H2 4976
H1 4940
L1 4869
L2 4833
L3 4797 Long
L4 4689 Short Breakout
L5 4598 Trgt 1
L6 4507 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 21 to Nov 25,2011)
Bank Nifty Spot-Weekly Levels
R3 10055
R2 9756
R1 9303
Avg 9004
S1 8551
S2 8252
S3 7799
Bank Nifty Spot-Weekly Trading Strategy
H6 9614 Trgt 2
H5 9439 Trgt 1
H4 9263 Long breakout
H3 9056 Go Short
H2 8987
H1 8918
L1 8781
L2 8712
L3 8643 Long
L4 8436 Short Breakout
L5 8260 Trgt 1
L6 8085 Trgt 2
R3 10055
R2 9756
R1 9303
Avg 9004
S1 8551
S2 8252
S3 7799
Bank Nifty Spot-Weekly Trading Strategy
H6 9614 Trgt 2
H5 9439 Trgt 1
H4 9263 Long breakout
H3 9056 Go Short
H2 8987
H1 8918
L1 8781
L2 8712
L3 8643 Long
L4 8436 Short Breakout
L5 8260 Trgt 1
L6 8085 Trgt 2
Pre-Closing Outlook(18-11-2011)
Confirm consolidation at lower levels today but mixed formations in last half hour therefore sustaining above 4900 will be firstly watched next Monday for short term up moves confirmations.
Mid-session Outlook-2(18-11-2011)
Although Nifty slipped below 4845 but could not sustained below and retraced immediately as well trading between mentioned 1st support range (4845-4900). Lower levels support and intraday patterns are indicating consolidation formations. Sustaining above 4900 will be very short term up moves confirmations and it is must also because selling markets remains highly volatile.
Mid-session Outlook(18-11-2011)
Following lines were told for today trading in Pre-open Outlook
Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today and sustaining it beyond will be next moves confirmation therefore should be watched and more weakness possibility can not be ruled out.
Today first 2 hours trading range is 4847.50-4902.25
Minor higher levels selling and minor support also at lower levels and next moves preparation is going on within mentioned support range. As market is not prepared for any side break out therefore mixed intraday trading patterns and sustaining beyond mentioned range will be next moves confirmation.
Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today and sustaining it beyond will be next moves confirmation therefore should be watched and more weakness possibility can not be ruled out.
Today first 2 hours trading range is 4847.50-4902.25
Minor higher levels selling and minor support also at lower levels and next moves preparation is going on within mentioned support range. As market is not prepared for any side break out therefore mixed intraday trading patterns and sustaining beyond mentioned range will be next moves confirmation.
Pre-open Outlook(18-11-2011)
Next supports,Technical Analysis and Micro Analysis of Nifty Intra Day Chart have already been explained in following topic with 1 Chart therefore not being repeated:-
Nifty-Micro Analysis of Intra Day Chart For 18-11-2011
Eurozone storm and global markets are bring blown out,resultant Oct 2011 rally is fused and Nifty slipped sufficiently below crucial 61.8% Fibonacci Retracement Level(4984). Nifty traded 54 sessions between 4720-5229 previously and reentered within this range after Post-Diwali-2011 break out. Nifty got support 3 times near 4720 in 4 previous months and once again levels near 4720 will be watched for getting support again or not.
Asian markets are in Red after US markets more than 1% down closing yesterday, Weakness will be seen in Indian markets also but lesser because Indian markets have already dicounted negative markets with 1.90% down closing yesterday.
Expected that Nifty will firstly hover around 4900. As sentiment is depressed therefore volatility is possible but market require complete consolidation for any up move and until that will not happen till then any rally will not be considered.
Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today and sustaining it beyond will be next moves confirmation therefore should be watched and more weakness possibility can not be ruled out.
Nifty-Micro Analysis of Intra Day Chart For 18-11-2011
Eurozone storm and global markets are bring blown out,resultant Oct 2011 rally is fused and Nifty slipped sufficiently below crucial 61.8% Fibonacci Retracement Level(4984). Nifty traded 54 sessions between 4720-5229 previously and reentered within this range after Post-Diwali-2011 break out. Nifty got support 3 times near 4720 in 4 previous months and once again levels near 4720 will be watched for getting support again or not.
Asian markets are in Red after US markets more than 1% down closing yesterday, Weakness will be seen in Indian markets also but lesser because Indian markets have already dicounted negative markets with 1.90% down closing yesterday.
Expected that Nifty will firstly hover around 4900. As sentiment is depressed therefore volatility is possible but market require complete consolidation for any up move and until that will not happen till then any rally will not be considered.
Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today and sustaining it beyond will be next moves confirmation therefore should be watched and more weakness possibility can not be ruled out.
FII & DII trading activity in Capital Market Segment on 17-Nov-2011
| ||||||||||||||||
| ||||||||||||||||
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).
 |
| 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
Subscribe to:
Comments (Atom)