ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 25-Sep-2012
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Nifty Spot-Levels & Trading Strategy for 26-09-2012
R3 5749
R2 5725
R1 5699
Avg 5675
S1 5649
S2 5625
S3 5599
Nifty Spot-Trading Strategy
H6 5723 Trgt 2
H5 5711 Trgt 1
H4 5700 Long breakout
H3 5686 Go Short
H2 5682
H1 5677
L1 5668
L2 5663
L3 5659 Long
L4 5645 Short Breakout
L5 5634 Trgt 1
L6 5622 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 26-09-2012
R3 5754
R2 5731
R1 5707
Avg 5684
S1 5660
S2 5637
S3 5613
Nifty(Sep Fut)-Trading Strategy
H6 5730 Trgt 2
H5 5719 Trgt 1
H4 5708 Long breakout
H3 5695 Go Short
H2 5691
H1 5687
L1 5678
L2 5674
L3 5670 Long
L4 5657 Short Breakout
L5 5646 Trgt 1
L6 5635 Trgt 2
Bank Nifty(Sep Fut)-Levels & Trading Strategy for 26-09-2012
R3 11738
R2 11632
R1 11538
Avg 11432
S1 11338
S2 11232
S3 11138
Bank Nifty(Sep Fut)-Trading Strategy
H6 11646 Trgt 2
H5 11600 Trgt 1
H4 11554 Long breakout
H3 11499 Go Short
H2 11480
H1 11462
L1 11425
L2 11407
L3 11389 Long
L4 11334 Short Breakout
L5 11287 Trgt 1
L6 11241 Trgt 2
Pre-Closing Outlook(25-09-2012)
More than 2 hours trading between 5653-5670 today after slipping below yesterday intraday support(5663) but not sustaining below and up moves seen above 5670. All trends are up and trading between 5653-5705 for the last 3 sessions with higher levels selling and lower levels supports also.
As lower levels supports and higher levels selling again seen today therefore fresh preparation is required for next decisive moves. Finally sustaining beyond 5653-5705 will be next trend confirmation and should be firstly watched in the coming sessions.
As lower levels supports and higher levels selling again seen today therefore fresh preparation is required for next decisive moves. Finally sustaining beyond 5653-5705 will be next trend confirmation and should be firstly watched in the coming sessions.
Mid-session Outlook(25-09-2012)
Following lines were told yesterday in Emergence of Correction Possibility
"As minor support possibility also seen at lower levels therefore correction beginning will get confirmation after forceful breaking down or sustaining below 5663 in the coming sessions"
Nifty is hovering around 5663 for the last 1 hour and trading between 5655-5670 as well. As sustaining beyond mentioned range will be correction beginning/fresh up moves confirmation therefore should be firstly watched today.
"As minor support possibility also seen at lower levels therefore correction beginning will get confirmation after forceful breaking down or sustaining below 5663 in the coming sessions"
Nifty is hovering around 5663 for the last 1 hour and trading between 5655-5670 as well. As sustaining beyond mentioned range will be correction beginning/fresh up moves confirmation therefore should be firstly watched today.
Emergence of Correction Possibility
Technical Analysis and Research For 25-09-2012
Nifty-Intra Day Chart (Sep 21 & Sep 24,2012):-
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| Just click on chart for its enlarged view |
1- Selling patterns between 5690-5704 in both previous sessions.
2- Intraday Supports also at lower levels in both previous sessions.
3- Down moves without required force on 24-09-2012
Conclusions from 2 Sessions intra day chart analysis
As both selling and lower levels minor support on 21-09-2012 therefore following lines were told on 22-09-2012 in Strong Rally continuation in the form of Impulsive Wave-3:-
1- last more than 3 hours range bound moves with intraday mixed patterns between 5668-5705 but complete distribution patterns are required for correction. Intraday charts are indicating that Nifty will firstly hover around 5668-5705 and prepare for next moves.
Next moves preparation range of 5668-5705 was given on 22-09-2012 and Nifty traded between 5663-5709 today with higher levels selling and lower levels intraday supports possibility.
Nifty-EOD Chart (24-Sep-2012):-
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| Just click on chart for its enlarged view |
1- Bearish Harami Candle formation today.
2- Indicators are overbought.
3- Gap increased in both lines of MACD and indicating down moves to converge.
4- Negative divergence in ROC and RSI.
5- Nifty trading at Upper Band of Bollinger Band.
Conclusions (After Putting All Studies Together)
All trends are up but short term Indicators are overbought after 12 sessions 505 Nifty points strong rally therefore Short term correction is due and its possibility emerged also after intraday selling patterns in both previous sessions.
As minor support possibility also seen at lower levels therefore correction beginning will get confirmation after forceful breaking down or sustaining below 5663 in the coming sessions.
FII & DII trading activity in Capital Market Segment on 24-Sep-2012
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Indian Stock Markets Closing Reports(24-Sep-2012)
1- Benchmark Indices closed with minor loss.
2- Many Indices closed in Red but Midcap and SMLcap closing in Green.
3- Bearish Harami Candle formation.
Ratios
Nifty Put Call Ratio: 1.05
Nifty P/E Ratio(01-Aug-2012): 17.95
Advances & Declines
BSE Advances : 1661
BSE Declines : 1200
NSE Advances : 871
NSE Declines : 578
Nifty Open Interest Changed Today
Nifty- 5500 CE(Aug)- -590,650(-23.13%)
Nifty- 5500 PE(Aug)- 627,550(7.46%)
Nifty- 5600 CE(Aug)- -360,400(-8.13%)
Nifty- 5600 PE(Aug)- 300,000(3.96%)
Nifty- 5700 CE(Aug)- 371,100(5.59%)
Nifty- 5700 PE(Aug)- -63,100(-1.31%)
Nifty- 5800 CE(Aug)- 1,557,000(25.60%)
Nifty- 5800 PE(Aug)- 355,200(28.17%)
Closing
Nifty- closed at 5,669.60(-21.55 Points & -0.38%)
Sensex- closed at 18,673.34(-79.49 Points & -0.42% )
CNX Midcap - closed at 7,664.15(13.80 Points & 0.18%)
BSE SMLcap- closed at 6,866.91(57.70 Points & 0.85%)
Nifty Spot-Levels & Trading Strategy for 25-09-2012
R3 5745
R2 5727
R1 5698
Avg 5680
S1 5651
S2 5633
S3 5604
Nifty Spot-Trading Strategy
H6 5716 Trgt 2
H5 5705 Trgt 1
H4 5694 Long breakout
H3 5681 Go Short
H2 5677
H1 5673
L1 5664
L2 5660
L3 5656 Long
L4 5643 Short Breakout
L5 5632 Trgt 1
L6 5621 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 25-09-2012
R3 5767
R2 5747
R1 5714
Avg 5694
S1 5661
S2 5641
S3 5608
Nifty(Sep Fut)-Trading Strategy
H6 5734 Trgt 2
H5 5722 Trgt 1
H4 5710 Long breakout
H3 5695 Go Short
H2 5690
H1 5685
L1 5676
L2 5671
L3 5666 Long
L4 5651 Short Breakout
L5 5639 Trgt 1
L6 5627 Trgt 2
Bank Nifty(Sep Fut)-Levels & Trading Strategy for 25-09-2012
R3 11689
R2 11614
R1 11518
Avg 11443
S1 11347
S2 11272
S3 11176
Bank Nifty(Sep Fut)-Trading Strategy
H6 11593 Trgt 2
H5 11554 Trgt 1
H4 11516 Long breakout
H3 11469 Go Short
H2 11453
H1 11437
L1 11406
L2 11390
L3 11374 Long
L4 11327 Short Breakout
L5 11289 Trgt 1
L6 11250 Trgt 2
Pre-Closing Outlook(24-09-2012)
Slipping for intraday higher levels after selling but down moves without force and trading between 5,663-5,683 for the last 2 hours. As down moves were without force therefore support at lower levels can not be ruled out today.
Although negative closing will be seen today but correction beginning will get confirmation after sustaining below 5,663
Although negative closing will be seen today but correction beginning will get confirmation after sustaining below 5,663
Mid-session Outlook(24-09-2012)
Intraday charts of today are showing selling patterns between 5690-5709
Post-open Outlook(24-09-2012)
Nifty traded last more than 3 hours range bound moves with intraday mixed patterns between 5668-5705 on 21-09-2012 and today also traded 1st hour between this range,as mixed trading patterns therefore preparing for next moves within this arnge. Sustaining beyond this range will give confirmation to:-
1- Rally continuation without Short Term Correction or
2- Rally continuation after minimum Short Term Correction.
1- Rally continuation without Short Term Correction or
2- Rally continuation after minimum Short Term Correction.
Strong Rally continuation in the form of Impulsive Wave-3
Technical Analysis,Research & Weekly Outlook
(Sep 24 to Sep 28,2012)
Nifty-Intra Day Chart (21-Sep-2012):-
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| Just click on chart for its enlarged view |
1- Strong intraday rally
2- Last more than 3 hours range bound moves with intraday mixed patterns between 5668-5705
3- Whole day acual trading between 5600-5720
Conclusions from intra day chart analysis
Firstly strong rally and after that last more than 3 hours range bound moves with intraday mixed patterns between 5668-5705 but complete distribution patterns are required for correction. Intraday charts are indicating that Nifty will firstly hover around 5668-5705 and prepare for next moves.
Nifty-EOD Chart (21-Sep-2012):-
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| Just click on chart for its enlarged view |
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
9- Impulsive Wave-3 continuation
10- 200-Day SMA at 5163
11- 200-Day EMA at 5227
Conclusions (After Putting All Studies Together)
All trends are up and strong rally(Sub Wave-5 of Wave-3) continuation after corrective Sub Wave-4 completion above Long Term Trend decider 200-Day SMA and EMA. As last more than 3 hours range bound moves with intraday mixed patterns between 5668-5705 on 21-09-2012 therefore if sentiment remains calm in the beginning of next week then Nifty will firstly hover around 5668-5705 and prepare for next moves.
As Short term Indicators are overbought after 12 sessions 505 Nifty points strong rally therefore Short term correction is due and it may be seen also but finally Bullish rally is very much on in the form of Impulsive Wave-3 and its continuation is expected. Complete distribution patterns are required for Intermediate term correction and until that will not happen till then any big correction will not be considered.
FII & DII trading activity in Capital Market Segment on 21-Sep-2012
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Indian Stock Markets Closing Reports(21-Sep-2012)
1- All thr Indices closed in Green except IT.
2- Long White Candle.
3- Closing at 52 week high.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(01-Aug-2012): 18.04
Advances & Declines
BSE Advances : 1815
BSE Declines : 1114
NSE Advances : 1029
NSE Declines : 443
Nifty Open Interest Changed Today
Nifty- 5400 CE(Aug)- -342,300(-14.73%)
Nifty- 5400 PE(Aug)- -1,534,950(-19.06%)
Nifty- 5500 CE(Aug)- -1,434,700(-35.97%)
Nifty- 5500 PE(Aug)- 840,000(11.09%)
Nifty- 5600 CE(Aug)- -2,509,500(-36.15%)
Nifty- 5600 PE(Aug)- 2,121,850(38.85%)
Nifty- 5700 CE(Aug)- -689,300(-9.40%)
Nifty- 5700 PE(Aug)- 3,457,350(255.94%)
Nifty- 5800 CE(Aug)- 1,094,850(21.95%)
Nifty- 5800 PE(Aug)- 1,010,650(403.53%)
Closing
Nifty- closed at 5,691.15(136.90 Points & 2.46%)
Sensex- closed at 18,752.83(403.58 Points & 2.20% )
CNX Midcap - closed at 7,650.35(139.70 Points & 1.86%)
BSE SMLcap- closed at 6,809.21(98.24 Points & 1.46%)
Nifty Spot-Levels & Trading Strategy for 24-09-2012
R3 5894
R2 5807
R1 5749
Avg 5662
S1 5604
S2 5517
S3 5459
Nifty Spot-Trading Strategy
H6 5839 Trgt 2
H5 5804 Trgt 1
H4 5770 Long breakout
H3 5730 Go Short
H2 5717
H1 5704
L1 5677
L2 5664
L3 5651 Long
L4 5611 Short Breakout
L5 5577 Trgt 1
L6 5542 Trgt 2
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