Nifty Spot-Weekly Levels & Trading Strategy(Oct 15 to Oct 19,2012)

Nifty Spot-Weekly Levels

R3 5854

R2 5803

R1 5739

Avg 5688

S1 5624

S2 5573

S3 5509

Nifty Spot-Weekly Trading Strategy 

H6 5791     Trgt 2 

H5 5765     Trgt 1

H4 5739     Long breakout 

H3 5707     Go Short 

H2 5697

H1 5686

L1 5665

L2 5654

L3 5644     Long 

L4 5612     Short Breakout 

L5 5586     Trgt 1 

L6 5560     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 15 to Oct 19,2012)

Bank Nifty Spot-Weekly Levels

R3 11721

R2 11626

R1 11578

Avg 11483

S1 11435

S2 11340

S3 11292

Bank Nifty Spot-Weekly Trading Strategy 

H6 11675     Trgt 2 

H5 11642     Trgt 1

H4 11609     Long breakout 

H3 11570     Go Short 

H2 11557

H1 11544

L1 11517

L2 11504

L3 11491     Long 

L4 11452     Short Breakout 

L5 11419     Trgt 1 

L6 11386     Trgt 2

Pre-Closing Outlook(12-10-2012)

Although strong up moves yesterday but intraday patterns of today are showing selling patterns at higher levels therefore higher levels of today becomes resistance and until Nifty will not sustain above today highs till next up moves will not be considered and correction continuation possibility increased today.

Mid-session Outlook(12-10-2012)

Infosys disappointed markets by cutting EPS guidance and weak opening seen in Indian markets but minor up moves also after the news of 2.7% up in August IIP and Nifty tested next resistance range(5720-5733).

Positive and negave news led first 3 hours sideways market within 5680-5724 with both higher levels good selling and lower levels minor intraday support also. Bullish rally is on. All trends are up but correction started last Friday after Circuit Filter led huge volatility. Sharp recovery seen yesterday after correction in first 3 sessions of current week but higher levels selling also seen today and sustaining below 5680 will mean down moves. Following levels should be watched now:-

1- 5680-5724(First indication)
2- 5639-5733
3- 5639-5756(Final confirmation)

INFY Quarterly Results will trigger Next Trend

Nifty-Intra Day Chart (Oct 08 to Oct 11,2012):-

                                                      Just click on chart for its enlarged view
Technical Patterns and Formations in last 4 Sessions intraday charts

1- Resistance between 5720-5733
2- Whole day down moves in falling channel on 10-10-2012.
3- Intraday consolidation and Supports between 5640-5646 on 10-10-2012.
4- Sharp surge after intraday support between strong support range(5639-5680)

Conclusions from 4 Sessions intra day chart analysis 

As soon as Indian markets got supports then it was immediately updated when Indian markets were trading near the lows of the day and following line was told today at 11:58AM in Mid-session Outlook:-

"As intraday supports getting indications within this range today therefore sustaining above 5646 will be first indication of short term up moves"

Although sentiment was depressed because most global markets showed weakness but Nifty consolidated between 5640-5646 and then surged sharply more than 75 points after opening of European markets. As Indian markets showed strength and got support between strong support range(5639-5680) therefore support at 5639 has been strengthened. Importance of this levels(5639) has already been updated in following topic yesterday:-

5639 for length of on going correction

Getting support at strong support and after that sharp intraday up move are perfect indications of fresh rally but confirmations are required through sustaining above next resistance range(5720-5733) and crucial level(5756).

Expected that INFY Quarterly Results will trigger next trend tomorrow. Sustaining above 5756 will mean fresh phase of fast rally. Sustaining below 5639 will be deeper correction confirmation but before that complete intraday selling patterns are must. 

FII Trading Data in Derivatives Segment on 11-Oct-2012

FII & DII trading activity in Capital Market Segment on 11-Oct-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 11-Oct-2012 3429.18 2386.17 1043.01

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Oct-2012 987.53 1560.85 -573.32

Indian Stock Markets Closing Reports(11-Oct-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except CNX PHARMA.

2- Closing near the highs of the day.

3- Long White candle formation.

Ratios

Nifty Put Call Ratio: 1.00

Nifty P/E Ratio(11-Oct-2012): 17.99

Advances & Declines

BSE Advances : 1655

BSE Declines : 1181 

NSE Advances :  898

NSE Declines :  539 

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- -146,250(-6.31%)

Nifty- 5600 PE(Oct)- 843,400(13.20%)

Nifty- 5700 CE(Oct)- -250,750(-4.61%)

Nifty- 5700 PE(Oct)-  604,800(12.28%)

Nifty- 5800 CE(Oct)- 756,200(9.83%)

Nifty- 5800 PE(Oct)- 136,850(5.79%)

Closing 

Nifty- closed at 5,708.05(55.90 Points & 0.99%)

Sensex- closed at 18,804.75(173.65 Points & 0.93% )

CNX Midcap - closed at 7,915.85(101.30 Points & 1.30%)

CNX Smallcap- closed at 3,488.05(38.25 Points & 1.11%)

Nifty Spot-Levels & Trading Strategy for 12-10-2012

Nifty Spot-Levels

R3 5825
R2 5773
R1 5740
Avg 5688
S1 5655
S2 5603
S3 5570

Nifty Spot-Trading Strategy

H6 5794     Trgt 2
H5 5774     Trgt 1
H4 5754     Long breakout
H3 5731     Go Short
H2 5723
H1 5715
L1 5700
L2 5692
L3 5684     Long
L4 5661     Short Breakout
L5 5641     Trgt 1
L6 5621     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 12-10-2012

Nifty(Oct Fut)-Levels

R3 5866

R2 5807

R1 5773

Avg 5714

S1 5680

S2 5621

S3 5587

Nifty(Oct Fut)-Trading Strategy

H6  5833    Trgt 2 

H5  5811    Trgt 1

H4  5790    Long breakout 

H3  5764    Go Short 

H2  5756

H1  5747

L1  5730

L2  5721

L3  5713    Long 

L4  5687    Short Breakout 

L5  5666    Trgt 1 

L6  5644    Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 12-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11852
R2 11701
R1 11607
Avg 11456
S1 11362
S2 11211
S3 11117

Bank Nifty(Oct Fut)-Trading Strategy

H6 11762     Trgt 2
H5 11705     Trgt 1
H4 11647     Long breakout
H3 11580     Go Short
H2 11557
H1 11535
L1 11490
L2 11468
L3 11445     Long
L4 11378     Short Breakout
L5 11320     Trgt 1
L6 11263     Trgt 2

Mid-session Outlook-2(11-10-2012)

As soon as Indian markets got supports then it was immediately updated when Indian markets were trading near the lows of the day and following line was told in Mid-session Outlook:-

"As intraday supports getting indications within this range today therefore sustaining above 5646 will be first indication of short term up moves"

Short term up moves are being seen after sustaining above 5646 and Nifty is now trading above 5710 but correction completion confirmation will be after sustaining above next strong resistance.

Mid-session Outlook (11-10-2012)

Importance of 5639 has already been updated in previous Outlook yesterday and Nifty traded most time today just above it within 5640-5646. As intraday supports getting indications within this range today therefore sustaining above 5646 will be first indication of short term up moves. 

5639 for length of on going correction

Nifty-Intra Day Chart (10-Oct-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5676-5685
2- Whole day down moves in falling channel.
3- Whole day acual trading between 5648-5685

Conclusions from intra day chart analysis

Strong support range(5639-5680) was updated in all previous outlooks and Nifty traded between this range most time today. Although minor selling seen at higher levels today but whole day down moves were in falling channel which is consolidation pattern also. As this patterns formation is within strong support range therefore correction completion possibility within this range will also be considered as well as deeper correction confirmation will be after sustaining below 5639.

As Nifty closed near the lows of the day today(5652) which is just above the lowest(5639) of strong support range therefore firstly sustaining beyond 5639 should be firstly watched tomorrow becauce it will decide the length and longevity of on going correction. 

Although US markets are trading in Red with moderate losses at this moment but its final impact on Indian markets will be finalised after watching of final closing of US markets and tomorrow Asian markets reaction on US markets of today.

FII & DII trading activity in Capital Market Segment on 10-Oct-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 10-Oct-2012 2079.28 1671.68 407.6

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Oct-2012 733.42 1129.78 -396.36

Indian Stock Markets Closing Reports(10-Oct-2012)

Main features of today trading are as follows

1- All the Indices closed in Red.
2- Many Indices closed more than 1% down.
3- Long Black Candle formation.

Ratios

Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(10-Oct-2012): 17.81

Advances & Declines

BSE Advances : 974
BSE Declines : 1929
NSE Advances : 365
NSE Declines : 1110

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- 410,500(21.45%)
Nifty- 5600 PE(Oct)- 74,250(1.16%)

Nifty- 5700 CE(Oct)- 1,427,300(34.97%)
Nifty- 5700 PE(Oct)- -330,850(-6.21%)

Nifty- 5800 CE(Oct)- 491,000(6.70%)
Nifty- 5800 PE(Oct)- -141,150(-5.51%)

Closing 

Nifty- closed at 5,652.15(-52.45 Points & -0.92%)
Sensex- closed at 18,631.10(- 162.26 Points & -0.86% )
CNX Midcap - closed at 7,814.55(-120.90 Points & -1.52%)
CNX Smallcap- closed at 3,449.80(-64.60 Points & -1.84%)

Nifty Spot-Levels & Trading Strategy for 11-10-2012

Nifty Spot-Levels

R3 5715

R2 5700

R1 5676

Avg 5661

S1 5637

S2 5622

S3 5598

Nifty Spot-Trading Strategy

H6 5691     Trgt 2 

H5 5682     Trgt 1

H4 5673     Long breakout 

H3 5662     Go Short 

H2 5659

H1 5655

L1 5648

L2 5644

L3 5641     Long 

L4 5630     Short Breakout 

L5 5621     Trgt 1 

L6 5612     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2012

Nifty(Oct Fut)-Levels


R3 5743
R2 5726
R1 5699
Avg 5682
S1 5655
S2 5638
S3 5611

Nifty(Oct Fut)-Trading Strategy

H6  5716    Trgt 2
H5  5706    Trgt 1
H4  5696    Long breakout
H3  5684    Go Short
H2  5680
H1  5676
L1  5667
L2  5663
L3  5659    Long
L4  5647    Short Breakout
L5  5637    Trgt 1
L6  5627    Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11514

R2 11476

R1 11409

Avg 11371

S1 11304

S2 11266

S3 11199

Bank Nifty(Oct Fut)-Trading Strategy

H6 11447     Trgt 2 

H5 11423     Trgt 1

H4 11399     Long breakout 

H3 11370     Go Short 

H2 11361

H1 11351

L1 11332

L2 11322

L3 11313     Long 

L4 11284     Short Breakout 

L5 11260     Trgt 1 

L6 11236     Trgt 2

Pre-Closing Outlook(10-10-2012)

Today trading between already mentioned strong support range with whole day down moves in falling channel after higher levels selling. Although Falling Channel is a form consolidation formation but Correction continuation and higher levels selling also today therefore until down moves will not stop and complete consolidation will not be seen till then next rally will not be considered.

Next moves confirmation range after today trading is 5639-5756

Mid-session Outlook-2 (10-10-2012)

Following lines were told yesterday in Technical Analysis and Market Outlook(10-10-2012):-

"sentiment may be weak tomorrow morning and trading is possible within next strong support range(5639-5680)"

Nifty traded first 4 hours between 5658-5686 today and above mentioned strong support range does not broken down despite weaker all global markets. Correction continuation with whole day negative zone trading today but both lower levels supports and higher levels selling seen today.

As selling again seen today also therefore correction continuation and its completion possibility will be considered after complete consolidation formations and supports getting confirmations.