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ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 15-Oct-2012
Indian Stock Markets Closing Reports(15-Oct-2012)
1- Benchmark Indices closed in Green with minor gains.
2- Good recovery despite increasing Inflation data.
3- Bullish Hammer type White Candle.
Ratios
Nifty Put Call Ratio: 0.99
Nifty P/E Ratio(15-Oct-2012): 17.93
Advances & Declines
BSE Advances : 1465
BSE Declines : 1392
NSE Advances : 728
NSE Declines : 714
Nifty Open Interest Changed Today
Nifty- 5600 CE(Oct)- -26,250(-1.16%)
Nifty- 5600 PE(Oct)- 719,350(10.32%)
Nifty- 5700 CE(Oct)- -60,750(-1.04%)
Nifty- 5700 PE(Oct)- 202,950(3.69%)
Nifty- 5800 CE(Oct)- 107,450(1.18%)
Nifty- 5800 PE(Oct)- -108,750(-5.36%)
Closing
Sensex- closed at 18,713.55(38.37 Points & 0.21%)
Nifty- closed at 5,687.25(11.20 Points & 0.20%)
CNX Midcap - closed at 7,936.90(15.40 Points & 0.19%)
CNX Smallcap- closed at 3,491.50(7.95 Points & 0.23%)
Nifty Spot-Levels & Trading Strategy for 16-10-2012
R3 5745
R2 5719
R1 5703
Avg 5677
S1 5661
S2 5635
S3 5619
Nifty Spot-Trading Strategy
H6 5729 Trgt 2
H5 5719 Trgt 1
H4 5710 Long breakout
H3 5698 Go Short
H2 5694
H1 5690
L1 5683
L2 5679
L3 5675 Long
L4 5663 Short Breakout
L5 5654 Trgt 1
L6 5644 Trgt 2
Bank Nifty(Oct Fut)-Levels & Trading Strategy for 16-10-2012
R3 11728
R2 11610
R1 11544
Avg 11426
S1 11360
S2 11242
S3 11176
Bank Nifty(Oct Fut)-Trading Strategy
H6 11664 Trgt 2
H5 11621 Trgt 1
H4 11579 Long breakout
H3 11528 Go Short
H2 11511
H1 11494
L1 11461
L2 11444
L3 11427 Long
L4 11376 Short Breakout
L5 11334 Trgt 1
L6 11291 Trgt 2
Nifty(Oct Fut)-Levels & Trading Strategy for 16-10-2012
Nifty(Oct Fut)-Levels
R3 5774
R2 5744
R1 5723
Avg 5693
S1 5672
S2 5642
S3 5621
Nifty(Oct Fut)-Trading Strategy
H6 5753 Trgt 2
H5 5741 Trgt 1
H4 5730 Long breakout
H3 5716 Go Short
H2 5711
H1 5706
L1 5697
L2 5692
L3 5687 Long
L4 5673 Short Breakout
L5 5662 Trgt 1
L6 5650 Trgt 2
R3 5774
R2 5744
R1 5723
Avg 5693
S1 5672
S2 5642
S3 5621
Nifty(Oct Fut)-Trading Strategy
H6 5753 Trgt 2
H5 5741 Trgt 1
H4 5730 Long breakout
H3 5716 Go Short
H2 5711
H1 5706
L1 5697
L2 5692
L3 5687 Long
L4 5673 Short Breakout
L5 5662 Trgt 1
L6 5650 Trgt 2
Pre-Closing Outlook(15-10-2012)
All trends are up were up after 600 Nifty points strong rally in 21 sessions from 05-09-2012 to 05-10-2012 and its side ways correction is being seen for the last 6 sessions between 5640-5733 with higher levels selling and lower levels supports.
Minor up moves seen after intraday supports at lower levels today and Nifty is trading between 5674-5691 for the last 2 hours with intraday consolidation patterns therefore expected that today started up moves will remain continued tomorrow but decisive rally after on going correction completion will get confirmation after sustaining above 5733/5756.
Minor up moves seen after intraday supports at lower levels today and Nifty is trading between 5674-5691 for the last 2 hours with intraday consolidation patterns therefore expected that today started up moves will remain continued tomorrow but decisive rally after on going correction completion will get confirmation after sustaining above 5733/5756.
Mid-session Outlook-2 (15-10-2012)
Dow'Futures was more than 25 points down today morning but now 46 points up after sudden surge. Indian markets also got support at lower levels and not moved down fast even after Inflation increasing negative news today. All the Global markets responded US Futures sharp surge and moved up fast.
Indian markets also runs out of Red zone and now trading in Green after good up moves. Next strong resistances between 5700-5733 and follow up consolidation is required for sustaining above it. Nifty is range bound between 5640-5733 with higher levels selling and lower levels supports therefore not prepared for any side decisive moves. Let market prepare and if follow up consolidation happen then next rally will be seen after overcoming above mentioned resistance range.
Mid-session Outlook(15-10-2012)
Following lines were told on 13-10-2012 in 3 weeks Bull Bear Tussle with Bearish Like Formation
"As higher levels selling seen on the last day of previous week therefore expected that Indian markets will firstly slip in the beginning of next week"
As was told same happened and Nifty is trading in Red between 5,651.05-5,676.85 since opening today with higher levels selling signals but could not moved down fast after Inflation increasing negative news therefore lower levels supports can not be ruled out today.
Actual trading range of today is 5654-5669 and sustaining it beyond or forceful break out of this range will give next decisive trend first indication.
"As higher levels selling seen on the last day of previous week therefore expected that Indian markets will firstly slip in the beginning of next week"
As was told same happened and Nifty is trading in Red between 5,651.05-5,676.85 since opening today with higher levels selling signals but could not moved down fast after Inflation increasing negative news therefore lower levels supports can not be ruled out today.
Actual trading range of today is 5654-5669 and sustaining it beyond or forceful break out of this range will give next decisive trend first indication.
3 weeks Bull Bear Tussle with Bearish Like Formation
Technical Analysis,Research & Weekly Outlook
(Oct 15 to Oct 19,2012)
Nifty-EOD Chart (12-Oct-2012):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in EOD charts
1- Wave-2 completion and Wave-3 beginning (4770.35 on 04-06-2012)
2- Sub Wave-1 of Wave-3(5348.55 ON 10-07-2012)
3- Sub Wave-2 of Wave-3(5032.40 on 26-07-2012)
4- Sub Wave-3 of Wave-3(5448.40 on 23-08-2012)
5- Sub Wave-4 of Wave-3(5215.70 on 05-09-2012)
6- Sub Wave-5 of Wave-3 is on and its top formation at 5815.35 on 05-10-2012
7- Correction in previous week.
8- Weekly Black Candle formation
9- MACD- Given selling signal through MACD line downward intersection of Average line.
10- Bull Bear Tussle between 5639-5756 in last 3 weeks.
11- Head & Shoulders like formation in last 3 Months EOD Chart.
11- Head & Shoulders like formation in last 3 Months EOD Chart.
Conclusions from EOD chart analysis
Impulsive Wave-3 continuation with 600 Nifty points strong rally in 21 sessions from 05-09-2012 to 05-10-2012 and after that its correction followed in previous week. Nifty traded narrow between 5637-5752 in previous week and on going coorection crucial levels will be decided through Micro Analysis of previous week intraday charts:-
Nifty-Micro Analysis of 5 Sessions Intra Day Chart
(Oct 08 to Oct 12,2012)
Nifty-Intra Day Chart (Oct 08 to Oct 12,2012):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in last 5 Sessions intraday charts
1- Selling between 5720-5733
2- Supports between 5640-5646
3- Follow up selling between 5700-5720 on 12-10-2012
4- Actual weekly trading range 5640-5733
Conclusions from 5 Sessions intra day chart analysis
Nifty traded sideways within 93 points in previous week with higher levels selling and lower levels buying. Firstly selling seen in the beginning of the week between 5720-5733 and after that follow up selling below this range witnessed between 5700-5720 on last Friday.
As both selling and buying in previous week therefore Indian markets are not prepared for any decisive trend and will firstly trade between previous week actual trading range(5640-5733),forceful break out or sustaining beyond this range will be next trend confirmation.
Conclusions (After Putting All Studies Together)
Very much clear that correction is on and sideways correction seen in previous week between(5640-5733). Nifty slipped within strong support range(5639-5680) after higher levels selling. As Nifty got support at lower levels of this range therefore this support strengthened in previous week but follow up selling also seen below previous selling range(5720-5733) therefore higher levels resistance has also strengthened.
As MACD has given selling signal through MACD line downward intersection of Average line and Indicators have also shown negative divergence therefore deeper correction possibility is turning higher but both buying and selling between 5640-5733 in previous week therefore firstly Bull-Bear fight will be seen within this range in the beginning of next week. As higher levels selling seen on the last day of previous week therefore expected that Indian markets will firstly slip in the beginning of next week.
Bull Bear Tussle between 5639-5756 in last 3 weeks with Head and Shoulder Bearish like formations on EOD Chart therefore breaking down of this range will certainly give deeper correction but final break out of previous 3 weeks actual trading range(5639-5756) should be firstly watched because that will give confirmation to following decisive moves:-
1- Above 5756 will mean rally continuation after completion of sideways correction.
2- Below 5639 will mean deeper correction after 21 sessions 600 Nifty points strong rally.
FII & DII trading activity in Capital Market Segment on 12-Oct-2012
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Indian Stock Markets Closing Reports(12-Oct-2012)
1- Benchmark Indices closed in Red.
2- INFY Quarterly results led negative zone trading.
3- Black Candle formation.
Ratios
Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(12-Oct-2012): 17.91
Advances & Declines
BSE Advances : 1351
BSE Declines : 1539
NSE Advances : 632
NSE Declines : 818
Nifty Open Interest Changed Today
Nifty- 5500 CE(Oct)- -96,900(-6.79%)
Nifty- 5500 PE(Oct)- 745,050(12.97%)
Nifty- 5600 CE(Oct)- 123,800(5.79%)
Nifty- 5600 PE(Oct)- -56,300(-0.80%)
Nifty- 5700 CE(Oct)- 924,600(18.82%)
Nifty- 5700 PE(Oct)- 200,600(3.78%)
Nifty- 5800 CE(Oct)- 750,900(9.03%)
Nifty- 5800 PE(Oct)- -460,250(-18.50%)
Closing
Nifty- closed at 5,676.05(-32.00 Points & -0.56%)
Sensex- closed at 18,675.18(-129.57 Points & -0.69% )
CNX Midcap - closed at 7,921.50(5.65 Points & 0.07%)
CNX Smallcap- closed at 3,483.55(-4.50 Points & -0.13%)
Nifty Spot-Levels & Trading Strategy for 15-10-2012
R3 5780
R2 5752
R1 5714
Avg 5686
S1 5648
S2 5620
S3 5582
Nifty Spot-Trading Strategy
H6 5742 Trgt 2
H5 5727 Trgt 1
H4 5712 Long breakout
H3 5694 Go Short
H2 5688
H1 5682
L1 5669
L2 5663
L3 5657 Long
L4 5639 Short Breakout
L5 5624 Trgt 1
L6 5609 Trgt 2
Nifty(Oct Fut)-Levels & Trading Strategy for 15-10-2012
R3 5790
R2 5766
R1 5726
Avg 5702
S1 5662
S2 5638
S3 5598
Nifty(Oct Fut)-Trading Strategy
H6 5750 Trgt 2
H5 5735 Trgt 1
H4 5721 Long breakout
H3 5703 Go Short
H2 5697
H1 5691
L1 5680
L2 5674
L3 5668 Long
L4 5650 Short Breakout
L5 5636 Trgt 1
L6 5621 Trgt 2
Bank Nifty(Oct Fut)-Levels & Trading Strategy for 15-10-2012
R3 11704
R2 11641
R1 11532
Avg 11469
S1 11360
S2 11297
S3 11188
Bank Nifty(Oct Fut)-Trading Strategy
H6 11595 Trgt 2
H5 11556 Trgt 1
H4 11517 Long breakout
H3 11470 Go Short
H2 11454
H1 11438
L1 11407
L2 11391
L3 11375 Long
L4 11328 Short Breakout
L5 11289 Trgt 1
L6 11250 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Oct 15 to Oct 19,2012)
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)
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)
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)
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).
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.
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