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Indian Stock Markets Closing Reports(25-Nov-2011)
Main features of today trading are as follows
1- Red closing
2- Dodi Candle.
3- Mid cap and Small Cap Indices closed in Green
4- Most Indices slipped from Intraday higher levels.
Ratios
Nifty Put Call Ratio:1.05
Nifty P/E Ratio(25-Nov-2011):17.05
Advances & Declines
BSE ADVANCES : 1554
BSE DECLINES : 1227
NSE ADVANCES : 802
NSE DECLINES : 621
Nifty Open Interest Changed Today
Nifty- 4600 CE(Dec)- +185550(+25.38%)
Nifty- 4600 PE(Dec)- +737250(+19.78%)
Nifty- 4700 CE(Dec)- +405300(+18.77%)
Nifty- 4700 PE(Dec)- +1156150(+22.94%)
Nifty- 4800 CE(Dec)- +1211400(+46.58%)
Nifty- 4800 PE(Dec)- +463400(+9.78%)
Closing
Nifty- closed at 4,710.05(-46.40 Points & -0.98%)
Sensex- closed at 15,695.43(-163.06 Points & -1.03% )
CNX MIDCAP - closed at 6,597.70(+11.20 Points & +0.17%)
BSE SMALL CAP- closed at 6,049.39(+50.51 Points & +0.84%)
1- Red closing
2- Dodi Candle.
3- Mid cap and Small Cap Indices closed in Green
4- Most Indices slipped from Intraday higher levels.
Ratios
Nifty Put Call Ratio:1.05
Nifty P/E Ratio(25-Nov-2011):17.05
Advances & Declines
BSE ADVANCES : 1554
BSE DECLINES : 1227
NSE ADVANCES : 802
NSE DECLINES : 621
Nifty Open Interest Changed Today
Nifty- 4600 CE(Dec)- +185550(+25.38%)
Nifty- 4600 PE(Dec)- +737250(+19.78%)
Nifty- 4700 CE(Dec)- +405300(+18.77%)
Nifty- 4700 PE(Dec)- +1156150(+22.94%)
Nifty- 4800 CE(Dec)- +1211400(+46.58%)
Nifty- 4800 PE(Dec)- +463400(+9.78%)
Closing
Nifty- closed at 4,710.05(-46.40 Points & -0.98%)
Sensex- closed at 15,695.43(-163.06 Points & -1.03% )
CNX MIDCAP - closed at 6,597.70(+11.20 Points & +0.17%)
BSE SMALL CAP- closed at 6,049.39(+50.51 Points & +0.84%)
Nifty Spot-Levels & Trading Strategy for 28-11-2011
Nifty Spot-Levels
R3 4827
R2 4797
R1 4753
Avg 4723
S1 4679
S2 4649
S3 4605
Nifty Spot-Trading Strategy
H6 4784 Trgt 2
H5 4767 Trgt 1
H4 4750 Long breakout
H3 4730 Go Short
H2 4723
H1 4716
L1 4703
L2 4696
L3 4689 Long
L4 4669 Short Breakout
L5 4652 Trgt 1
L6 4635 Trgt 2
R3 4827
R2 4797
R1 4753
Avg 4723
S1 4679
S2 4649
S3 4605
Nifty Spot-Trading Strategy
H6 4784 Trgt 2
H5 4767 Trgt 1
H4 4750 Long breakout
H3 4730 Go Short
H2 4723
H1 4716
L1 4703
L2 4696
L3 4689 Long
L4 4669 Short Breakout
L5 4652 Trgt 1
L6 4635 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 28-11-2011
Nifty(Dec Fut)-Levels
R3 4852
R2 4815
R1 4762
Avg 4725
S1 4672
S2 4635
S3 4582
Nifty(Dec Fut)-Trading Strategy
H6 4800 Trgt 2
H5 4779 Trgt 1
H4 4759 Long breakout
H3 4734 Go Short
H2 4726
H1 4718
L1 4701
L2 4693
L3 4685 Long
L4 4660 Short Breakout
L5 4640 Trgt 1
L6 4619 Trgt 2
R3 4852
R2 4815
R1 4762
Avg 4725
S1 4672
S2 4635
S3 4582
Nifty(Dec Fut)-Trading Strategy
H6 4800 Trgt 2
H5 4779 Trgt 1
H4 4759 Long breakout
H3 4734 Go Short
H2 4726
H1 4718
L1 4701
L2 4693
L3 4685 Long
L4 4660 Short Breakout
L5 4640 Trgt 1
L6 4619 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 28-11-2011
Bank Nifty(Dec Fut)-Levels
R3 8763
R2 8654
R1 8569
Avg 8460
S1 8375
S2 8266
S3 8181
Bank Nifty(Dec Fut)-Trading Strategy
H6 8681 Trgt 2
H5 8635 Trgt 1
H4 8590 Long breakout
H3 8537 Go Short
H2 8519
H1 8501
L1 8466
L2 8448
L3 8430 Long
L4 8377 Short Breakout
L5 8332 Trgt 1
L6 8286 Trgt 2
R3 8763
R2 8654
R1 8569
Avg 8460
S1 8375
S2 8266
S3 8181
Bank Nifty(Dec Fut)-Trading Strategy
H6 8681 Trgt 2
H5 8635 Trgt 1
H4 8590 Long breakout
H3 8537 Go Short
H2 8519
H1 8501
L1 8466
L2 8448
L3 8430 Long
L4 8377 Short Breakout
L5 8332 Trgt 1
L6 8286 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Nov 28 to Dec 02,2011)
Nifty Spot-Weekly Levels
R3 5078
R2 4976
R1 4843
Avg 4741
S1 4608
S2 4506
S3 4373
Nifty Spot-Weekly Trading Strategy
H6 4948 Trgt 2
H5 4893 Trgt 1
H4 4839 Long breakout
H3 4774 Go Short
H2 4753
H1 4731
L1 4688
L2 4666
L3 4645 Long
L4 4580 Short Breakout
L5 4526 Trgt 1
L6 4471 Trgt 2
R3 5078
R2 4976
R1 4843
Avg 4741
S1 4608
S2 4506
S3 4373
Nifty Spot-Weekly Trading Strategy
H6 4948 Trgt 2
H5 4893 Trgt 1
H4 4839 Long breakout
H3 4774 Go Short
H2 4753
H1 4731
L1 4688
L2 4666
L3 4645 Long
L4 4580 Short Breakout
L5 4526 Trgt 1
L6 4471 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 28 to Dec 02,2011)
Bank Nifty Spot-Weekly Levels
R3 9350
R2 9078
R1 8783
Avg 8511
S1 8216
S2 7944
S3 7649
Bank Nifty Spot-Weekly Trading Strategy
H6 9072 Trgt 2
H5 8935 Trgt 1
H4 8799 Long breakout
H3 8643 Go Short
H2 8591
H1 8539
L1 8436
L2 8384
L3 8332 Long
L4 8176 Short Breakout
L5 8040 Trgt 1
L6 7903 Trgt 2
R3 9350
R2 9078
R1 8783
Avg 8511
S1 8216
S2 7944
S3 7649
Bank Nifty Spot-Weekly Trading Strategy
H6 9072 Trgt 2
H5 8935 Trgt 1
H4 8799 Long breakout
H3 8643 Go Short
H2 8591
H1 8539
L1 8436
L2 8384
L3 8332 Long
L4 8176 Short Breakout
L5 8040 Trgt 1
L6 7903 Trgt 2
Pre-Closing Outlook(25-11-2011)
As soon as selling patterns developed then it was updated within first 3 hours at 12:06:00 PM today and good selling seen at higher levels also as well as market slipped from higher levels and being closed near day's lower levels.
Nifty traded with intraday consolidation patterns within 4696-4715 in last one hour. As intraday support at lower levels seen in the beginning and at the closure on today market therefore sustaining beyond 4696-4720 should be firstly watched next Monday for next moves commencement confirmations.
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
Nifty traded with intraday consolidation patterns within 4696-4715 in last one hour. As intraday support at lower levels seen in the beginning and at the closure on today market therefore sustaining beyond 4696-4720 should be firstly watched next Monday for next moves commencement confirmations.
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
Mid-session Outlook(25-11-2011)
Nifty traded last half hour mixed patterns between 4748-4767 and again hovering around this range for the last one hour after lower levels consolidations between 4700-4720 today.
Next immediate moves consirmation ranges are as follows;-
1- 4736-4754
2- 4736-4767
2- 4700-4767
As selling patterns also developed at higher levels after lower levels buying therefore sustaining beyond today trading range(4700-4767) will be next decisive moves confirmation.
Next immediate moves consirmation ranges are as follows;-
1- 4736-4754
2- 4736-4767
2- 4700-4767
As selling patterns also developed at higher levels after lower levels buying therefore sustaining beyond today trading range(4700-4767) will be next decisive moves confirmation.
Post-open Outlook(25-11-2011)
As Asian markets slipped more and sentiment more weakned therefore Nifty slipped below 4720 and firstly traded between 4700-4720.
As first 45 minutes intraday patterns showed consolidations patterns between 4700-4720 therefore up move expectations are alive after follow up consolidations despite depressing global sentiment.
As first 45 minutes intraday patterns showed consolidations patterns between 4700-4720 therefore up move expectations are alive after follow up consolidations despite depressing global sentiment.
4720-4767 is Trend decider for today
Pre-open Outlook(25-11-2011)
Strong rally after two day lower levels consolidation yesterday but last half hour mixed intraday patterns were also seen between 4748-4767 therefore more consolidation is firstly required today to cross mentioned range.
All the Asian markets are flat to 1% down today therefore sentiment is moderately weak today morning and Nifty will trade between 4720-4767 for preparation of next moves. Finally up moves are expected after fresh consolidation today and next moves consirmation range is 4720-4667. Importance of these two levels are as follows:-
1- 4720 is previous 64 sessions lowest and finally sustaining below 4720 will mean range breaking down.
2- 4767 is highest of yesterday last half hour mixed intraday patterns and finally sustaining above will be selling absorbing and consolidation confirmation as well as yesterday started rally continuation confirmation also.
Strong rally after two day lower levels consolidation yesterday but last half hour mixed intraday patterns were also seen between 4748-4767 therefore more consolidation is firstly required today to cross mentioned range.
All the Asian markets are flat to 1% down today therefore sentiment is moderately weak today morning and Nifty will trade between 4720-4767 for preparation of next moves. Finally up moves are expected after fresh consolidation today and next moves consirmation range is 4720-4667. Importance of these two levels are as follows:-
1- 4720 is previous 64 sessions lowest and finally sustaining below 4720 will mean range breaking down.
2- 4767 is highest of yesterday last half hour mixed intraday patterns and finally sustaining above will be selling absorbing and consolidation confirmation as well as yesterday started rally continuation confirmation also.
Pull Back rally is on after correction completion
Nifty-Micro Analysis of Intra Day Chart For 25-11-2011
Nifty-Intra Day Chart(24-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Support between 4640-4690
2- Strong recovery.
3- Whole day trading between 4640-4771
4- Last half hour mixed patterns between 4648-4667
Conclusions from intra day chart analysis
Strong rally seen after good consolidation today but it was clearly projected in this Blog and following lines were told at 05:39:00 PM yesterday in the topic of Confirmation required for 64 sessions range(4720) breaking down
"As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back"
When all were telling for bearish markets then we told for strong bounce back and for confirmations again and again sustaining around 4644 was told.
Following lines were also told today at 12:56:00 PM in Mid-session Outlook(24-11-2011)
1- Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
2- As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered
Nifty moved above 4720 after getting strong support at 4640 and again reentered between 64 sessions range. Correction started on 31-10-2011 and during 16 sessions correction good consolidation seen between 4640-4690 in last 2 sessions which resulted today strong up moves.
Pull Back Rally is on and more consolidation is required to cross following levels:-
1- 4648-4667(Last half hour mixed today)
2- 4810-4890(Strong resistance)
Expected that firstly follow up consolidation will be seen in the coming sessions and after that Nifty will counter next resistance range(4810-4890). Pull Back Rally commenced after correction completion today and crossing as well as sustaining above 4890 will be confirmation of strong up moves.
Nifty-Intra Day Chart(24-Nov-2011):-
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| Just click on chart for its enlarged view |
1- Support between 4640-4690
2- Strong recovery.
3- Whole day trading between 4640-4771
4- Last half hour mixed patterns between 4648-4667
Conclusions from intra day chart analysis
Strong rally seen after good consolidation today but it was clearly projected in this Blog and following lines were told at 05:39:00 PM yesterday in the topic of Confirmation required for 64 sessions range(4720) breaking down
"As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back"
When all were telling for bearish markets then we told for strong bounce back and for confirmations again and again sustaining around 4644 was told.
Following lines were also told today at 12:56:00 PM in Mid-session Outlook(24-11-2011)
1- Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
2- As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered
Nifty moved above 4720 after getting strong support at 4640 and again reentered between 64 sessions range. Correction started on 31-10-2011 and during 16 sessions correction good consolidation seen between 4640-4690 in last 2 sessions which resulted today strong up moves.
Pull Back Rally is on and more consolidation is required to cross following levels:-
1- 4648-4667(Last half hour mixed today)
2- 4810-4890(Strong resistance)
Expected that firstly follow up consolidation will be seen in the coming sessions and after that Nifty will counter next resistance range(4810-4890). Pull Back Rally commenced after correction completion today and crossing as well as sustaining above 4890 will be confirmation of strong up moves.
FII & DII trading activity in Capital Market Segment on 24-Nov-2011
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Nifty Spot-Levels & Trading Strategy for 25-11-2011
Nifty Spot-Levels
R3 4937
R2 4854
R1 4805
Avg 4722
S1 4673
S2 4590
S3 4541
Nifty Spot-Trading Strategy
H6 4891 Trgt 2
H5 4859 Trgt 1
H4 4828 Long breakout
H3 4792 Go Short
H2 4780
H1 4768
L1 4743
L2 4731
L3 4719 Long
L4 4683 Short Breakout
L5 4652 Trgt 1
L6 4620 Trgt 2
R3 4937
R2 4854
R1 4805
Avg 4722
S1 4673
S2 4590
S3 4541
Nifty Spot-Trading Strategy
H6 4891 Trgt 2
H5 4859 Trgt 1
H4 4828 Long breakout
H3 4792 Go Short
H2 4780
H1 4768
L1 4743
L2 4731
L3 4719 Long
L4 4683 Short Breakout
L5 4652 Trgt 1
L6 4620 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 25-11-2011
Nifty(Dec Fut)-Levels
R3 4956
R2 4877
R1 4816
Avg 4737
S1 4676
S2 4597
S3 4536
Nifty(Dec Fut)-Trading Strategy
H6 4898 Trgt 2
H5 4865 Trgt 1
H4 4833 Long breakout
H3 4794 Go Short
H2 4781
H1 4768
L1 4743
L2 4730
L3 4717 Long
L4 4679 Short Breakout
L5 4646 Trgt 1
L6 4613 Trgt 2
R3 4956
R2 4877
R1 4816
Avg 4737
S1 4676
S2 4597
S3 4536
Nifty(Dec Fut)-Trading Strategy
H6 4898 Trgt 2
H5 4865 Trgt 1
H4 4833 Long breakout
H3 4794 Go Short
H2 4781
H1 4768
L1 4743
L2 4730
L3 4717 Long
L4 4679 Short Breakout
L5 4646 Trgt 1
L6 4613 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 25-11-2011
Bank Nifty(Dec Fut)-Levels
R3 8828
R2 8676
R1 8574
Avg 8422
S1 8320
S2 8168
S3 8066
Bank Nifty(Dec Fut)-Trading Strategy
H6 8732 Trgt 2
H5 8671 Trgt 1
H4 8611 Long breakout
H3 8541 Go Short
H2 8518
H1 8495
L1 8448
L2 8425
L3 8402 Long
L4 8332 Short Breakout
L5 8272 Trgt 1
L6 8211 Trgt 2
R3 8828
R2 8676
R1 8574
Avg 8422
S1 8320
S2 8168
S3 8066
Bank Nifty(Dec Fut)-Trading Strategy
H6 8732 Trgt 2
H5 8671 Trgt 1
H4 8611 Long breakout
H3 8541 Go Short
H2 8518
H1 8495
L1 8448
L2 8425
L3 8402 Long
L4 8332 Short Breakout
L5 8272 Trgt 1
L6 8211 Trgt 2
Pre-Closing Outlook(24-11-2011)
Following lines were told at 05:39:00 PM yesterday in the topic of Confirmation required for 64 sessions range(4720) breaking down
"As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back"
When all were telling for bearish markets then we told for strong bounce back and for confirmations again and again sustaining around 4644 was told.
Following lines were also told today at 12:56:00 PM in Mid-session Outlook(24-11-2011)
1- Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
2- As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered
Nifty moved above 4720 after getting strong support at 4640 and again entered between 64 sessions range. More up moves are expected after correction completion confirmations.
"As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back"
When all were telling for bearish markets then we told for strong bounce back and for confirmations again and again sustaining around 4644 was told.
Following lines were also told today at 12:56:00 PM in Mid-session Outlook(24-11-2011)
1- Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
2- As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered
Nifty moved above 4720 after getting strong support at 4640 and again entered between 64 sessions range. More up moves are expected after correction completion confirmations.
Mid-session Outlook(24-11-2011)
Only sustaining below 4644 was given for down moves confirmation and Nifty could not sustain below it as well as moved after forming lowest at 4639.10. Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered and sustaing above 4678 will be confirmation of fresh up moves after correction completion therefore should be kept in mind.
As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered and sustaing above 4678 will be confirmation of fresh up moves after correction completion therefore should be kept in mind.
Post-open Outlook(24-11-2011)
As all the Asian markets recovered from intraday lower levels and started to trade flat therefore Indian markets opened flat slipped from higher levels and trading between yesterday support range(4644-4678).
Indian markets are underperforming Asian markets and showing weakness also since opening today. As sustaining below 4644 will be next long term down trend confirmation therefore will be firstly watched today.
Indian markets are underperforming Asian markets and showing weakness also since opening today. As sustaining below 4644 will be next long term down trend confirmation therefore will be firstly watched today.
Watch 4644 today for confirmation of long term trend
Pre-open Outlook(24-11-2011)
Global melting down is continued and all the Asian markets are in Red today after US markets more than 2% down closing yesterday. Sentiment is dampened today also because some markets are more than 1.00% down and resultant weak opening will be seen in Indian markets.
Nifty slipped and closed below 64 sessions trading range lowest(4720) yesterday but intraday support was seen between 4644-4678 and its breaking down will be confirmation of 64 sessions trading range breaking down also as well as termination of all bullish expectations.
Sustaining below 4720 will mean breaking down of 2 yesrs structure and in that situation much deeper down moves will be seen therefore its confirmation is must through sustaining below yesterday support range(4644-4678)
Expected that Nifty will firstly trade between yesterday support range(4644-4678) after weak opening and prepare for next decisive moves today and finally sustaining beyond 4644 will give confirmation to next long term trend.
Just watch sustaining beyond 4644 for next long term trend confirmations.
Global melting down is continued and all the Asian markets are in Red today after US markets more than 2% down closing yesterday. Sentiment is dampened today also because some markets are more than 1.00% down and resultant weak opening will be seen in Indian markets.
Nifty slipped and closed below 64 sessions trading range lowest(4720) yesterday but intraday support was seen between 4644-4678 and its breaking down will be confirmation of 64 sessions trading range breaking down also as well as termination of all bullish expectations.
Sustaining below 4720 will mean breaking down of 2 yesrs structure and in that situation much deeper down moves will be seen therefore its confirmation is must through sustaining below yesterday support range(4644-4678)
Expected that Nifty will firstly trade between yesterday support range(4644-4678) after weak opening and prepare for next decisive moves today and finally sustaining beyond 4644 will give confirmation to next long term trend.
Just watch sustaining beyond 4644 for next long term trend confirmations.
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