Nifty(Sep Fut)-Levels & Trading Strategy for 11-09-2012

Nifty(Sep Fut)-Levels

R3 5413
R2 5399
R1 5385
Avg 5371
S1 5357
S2 5343
S3 5329

Nifty(Sep Fut)-Trading Strategy

H6  5399    Trgt 2
H5  5392    Trgt 1
H4  5386    Long breakout
H3  5378    Go Short
H2  5376
H1  5373
L1  5368
L2  5365
L3  5363    Long
L4  5355    Short Breakout
L5  5349    Trgt 1
L6  5342    Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 11-09-2012

Bank Nifty(Sep Fut)-Levels

R3 10325
R2 10262
R1 10179
Avg 10116
S1 10033
S2 9970
S3 9887

Bank Nifty(Sep Fut)-Trading Strategy

H6 10242     Trgt 2
H5 10209     Trgt 1
H4 10176     Long breakout
H3 10136     Go Short
H2 10122
H1 10109
L1 10082
L2 10069
L3 10055     Long
L4 10015     Short Breakout
L5  9982     Trgt 1
L6  9949     Trgt 2

Pre-Closing Outlook(10-09-2012)

Side ways market between 5,350-5,375 today with higher levels intraday selling and lower levels buying. Intraday correction expectations were updated in both previous Outlooks and it was seen also.

Following line was told in Mid-session Outlook today and being repeated because it will give next decisive moves confirmations:-

"Next move first strong signal will be forceful break out or sustaining beyond 5350-5375 and should be firstly watched"

Mid-session Outlook(10-09-2012)

Following line was told today in Rally continuation after correction completion

"firstly trade between last saturday  trading  range(5350-5366) and prepare for next moves"

Although today first 2 hours trading range is between 5350.40-5375.45 but Nifty traded most time within mentioned trading range(5350-5366).

Nesxt move first strong signal will be forceful break out or sustaining beyond 5350-5375 and should be firstly watched.

Rally continuation after correction completion

Technical Analysis,Research & Weekly Outlook

(Sep 10 to Sep 14,2012)

Nifty-EOD Chart (08-Sep-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011
2- Wave-1(5629.95 on 22-02-2012)
3- Wave-2(4770.35 on 04-06-2012)
4- Sub Wave-1(5348.55 ON 10-07-2012)
5- Sub Wave-2(5032.40 on 26-07-2012)
6- Sub Wave-3(5448.40 on 23-08-2012)
7- Sub Wave-4(5215.70 on 05-09-2012)
8- Sub Wave-5 of Wave-3 is on after correction completion

Conclusions from EOD chart analysis 

All trends are up and closing near 10 days high on 08-09-2012 after huge gap up opening on 07-09-2012. Although no intraday selling seen in last 2 Bullish sessions but strong resistances between 5380-5450 therefore complete consolidations is required for rally above 5450. Sentiment is heated  and cooling down is a demand before next rally therefore some intraday correction may be firstly seen before next rally. As markets corrects at higher levels in Bullish markets therefore expected intraday correction may be seen at higher levels also if global sentiments turns strong.

Rally is on after correction completion and its continuation is expected in the coming week after complete follow up consolidations above 5320 and below 5450.

Pre-open Outlook(10-09-2012)

Although Asian markets are positive today morning but Indian markets have already shown up moves in short session last saturday therefore it is possible that Indian markets may not positively react good Asian markets mood today morning and firstly trade between last saturday  trading  range(5350-5366) and prepare for next moves.

Finally rally is expected after follow up consolidations.

FII & DII trading activity in Capital Market Segment on 08-Sep-2012

FII Trading Data in Derivatives Segment on 08-Sep-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 08-Sep-2012 22.08 2.68 19.4

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 08-Sep-2012 22.8 30.34 -7.54

Indian Stock Markets Closing Reports(08-Sep-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- White Candle.
3- Closing near the highs of the day.

Ratios

Nifty Put Call Ratio: 1.77
Nifty P/E Ratio(08-Sep-2012): 17.14

Advances & Declines

BSE Advances : 1533
BSE Declines :  693
NSE Advances :  851
NSE Declines :  434

Nifty Open Interest Changed Today

Nifty- 5200 CE(Sep)- -39,450(-1.86%)
Nifty- 5200 PE(Sep)- -22,000(-0.28%)

Nifty- 5300 CE(Sep)- -151,750(-3.42%)
Nifty- 5300 PE(Sep)-  113,200(1.90%)

Nifty- 5400 CE(Sep)- 105,950(1.60%)
Nifty- 5400 PE(Sep)- 529,600(22.83%)

Nifty- 5500 CE(Sep)- 86,650(1.37%)
Nifty- 5500 PE(Sep)- 70,650(8.19%)

Closing 

Nifty- closed at 5,358.70(16.60 Points & 0.31%)
Sensex- closed at 17,749.65(65.92 Points & 0.37% )
CNX Midcap - closed at 7,239.15(36.05 Points & 0.50%)
BSE SMLcap- closed at 6,496.23(40.53 Points & 0.63%)

Nifty Spot-Levels & Trading Strategy for 10-09-2012

Nifty Spot-Levels

R3 5437
R2 5401
R1 5380
Avg 5344
S1 5323
S2 5287
S3 5266

Nifty Spot-Trading Strategy

H6  5416    Trgt 2
H5  5403    Trgt 1
H4  5390   Long breakout
H3  5374    Go Short
H2  5369
H1  5364
L1  5353
L2  5348
L3  5343    Long
L4  5327    Short Breakout
L5  5314   Trgt 1
L6  5301   Trgt 2

Nifty(Sep Fut)-Levels & Trading Strategy for 10-09-2012

Nifty(Sep Fut)-Levels

R3 5467
R2 5428
R1 5404
Avg 5365
S1 5341
S2 5302
S3 5278

Nifty(Sep Fut)-Trading Strategy

H6 5443    Trgt 2
H5 5429     Trgt 1
H4 5414     Long breakout
H3 5397     Go Short
H2 5391
H1 5385
L1 5374
L2 5368
L3 5362     Long
L4 5345     Short Breakout
L5 5330     Trgt 1
L6 5316    Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 10-09-2012

Bank Nifty(Sep Fut)-Levels

R3 10406
R2 10297
R1 10238
Avg 10129
S1 10070
S2 9961
S3 9902

Bank Nifty(Sep Fut)-Trading Strategy

H6  10349    Trgt 2
H5  10310    Trgt 1
H4  10271    Long breakout
H3  10225    Go Short
H2  10209
H1  10194
L1  10163
L2  10148
L3  10132    Long
L4  10086    Short Breakout
L5  10047    Trgt 1
L6  10008    Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Sep 10 to Sep 14,2012)

Nifty Spot-Weekly Levels

R3 7008
R2 6687
R1 5951
Avg 5630
S1 4894
S2 4573
S3 3837

Nifty Spot-Weekly Trading Strategy 

H6  6254    Trgt 2
H5  6025    Trgt 1
H4  5797    Long breakout
H3  5506    Go Short
H2  5409
H1  5312
L1  5119
L2  5022
L3  4925    Long
L4  4634    Short Breakout
L5  4406    Trgt 1
L6  4177    Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Sep 10 to Sep 14,2012)

Bank Nifty Spot-Weekly Levels

R3 10616
R2 10389
R1 10268
Avg 10041
S1 9920
S2 9693
S3 9572

Bank Nifty Spot-Weekly Trading Strategy 

H6  10506    Trgt 2
H5  10422     Trgt 1
H4  10338    Long breakout
H3  10242    Go Short
H2  10210
H1  10178
L1  10115
L2  10083
L3  10051   Long
L4   9955   Short Breakout
L5   9871   Trgt 1
L6   9787   Trgt 2

Pre-Closing Outlook(30-08-2012)

Lower levels supports and consolidation formations today but correction completion confirmation is required through sustaining above 5294.

Technical Analysis and Research For 30-08-2012

Nifty-Intra Day Chart (29-Aug-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly selling between 5320-5327
2- Down moves in Falling Channel
3- Whole day trading between

Conclusions from intra day chart analysis 

Firstly selling and after that whole day down moves in falling channel as well as closing near day's lowest yesterday. As intraday selling and closing below 5294(Intermediate Term Trend decider) yesterday therefore sustaining beyond 5294 should be firstly watched in next couple of sessions because sustaining it below will mean 3 weeks to 3 months more down moves possibility.

Pre-open Outlook(30-08-2012)

Although US markets closed flat yesterday but Dow Jones's Futures is more than 40 points down today morning and sentiment turned weaker therefore all Asian markets are trading in Red and some are more than 1% down.

Conclusions (After Putting All Studies Together)

Long term trend is up,Short term Trend is down in on going correction and Intermediate term trend is yet to decide through sustaining beyond 5294,sentiment is weak today morning and firstly trading it below will be seen today after gap down opening. As intraday selling yesterday therefore minimum intraday consolidation is must for any decisive up move and follow up selling after weaker global sentiment will mean testing possibility of Long Term Trend decider 200-Day EMA(today at 5192) and/or 200-Day SMA(today at 5118)

Pre-Closing Outlook(29-08-2012)

Correction continuation after fresh intraday selling today and slipping below crucial support of 5294 as well as Intermediate term trend will be down after sustaining it below .

Mid-session Outlook(29-08-2012)

As CAG issue is not pacifying and lot of down fall in many stocks therefore View turning cautious after emergence of selling signals also today. Nifty is trading between 5316-5330 since opening today,forceful break out or sustaining beyond will be next trend confirmation.

Technical Analysis and Market Outlook(29-08-2012)

Nifty-Intra Day Chart (28-Aug-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5314-5340
2- Whole day trading between 5314-5352

Conclusions from intra day chart analysis 

Almost whole day consolidation with lower levels intraday supports also and rally expected without sustaining below 5314.

Pre-open Outlook(29-08-2012)

Asian markets are mixed with minor positive/negative zone trading after US markets flat closing yesterday therefore firstly trading between above mentioned yesterday trading range. As good consolidation yesterday therefore finally rally is expected above 5352.

Next crucial support at 5294 and until Nifty will not sustain below it till then any deeper correction will not be considered and sustaining above 5340 will be rally beginning confirmation after on going correction completion.

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 28-Aug-2012 2006.02 1912.93 93.09

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Aug-2012 965.1 1279.49 -314.39

Nifty Spot-Levels & Trading Strategy for 29-08-2012

Nifty Spot-Levels

R3 5405.00
R2 5382.00
R1 5358.00
Avg 5335.00
S1 5311.00
S2 5288.00
S3 5264.00

Nifty Spot-Trading Strategy

H6 5381     Trgt 2
H5 5370     Trgt 1
H4 5359     Long breakout
H3 5346     Go Short
H2 5342
H1 5338
L1 5329
L2 5325
L3 5321     Long
L4 5308     Short Breakout
L5 5297     Trgt 1
L6 5286     Trgt 2