Mid-session Outlook(30-10-2012)

As last 2 sessions intraday charts showed intraday consolidation patterns therefore Indian markets were positive immediately after opening today and also more than .25% up  just before RBI Credit Policy announcements. As Credit Policy could not fulfill the expectations of market and only CRR cut by .25% but no change in rates therefore market slipped immediately after opening as well as traded below 5639.

Bank Nifty was almost 1% up before RBI Credit Policy announcements but now more than 1% down after Credit policy.

Sentiment fused after Credit policy and Nifty sustaining below 5639 as well as 24 sessions trading range breaking down possibility can not be ruled out.

Rally after RBI Credit Policy

Nifty-Micro Analysis of 2 Sessions Intra Day

 Chart(Oct 26 to Oct 29,2012)

Nifty-Intra Day Chart (Oct 26 to Oct 29,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Last 2 sessions trading between 5642-5697
2- Last 2 sessions down moves in falling channel 

Conclusions from 2 Sessions intra day chart analysis 

As consolidation pattern formations in last 2 sessions through falling channel down moves therefore Indian markets are technically prepared for up moves as well as emergence of rally possibility after RBI Credit Policy tomorrow.

Next trend confirmations levels are as follows:-

1- 5642-5697
2- 5639-5733

Just click following topic link for detailed analysis of Indian Stock Markets:-

Blasting Moves cooking in 23 Sessions

FII Trading Data in Derivatives Segment on 29-Oct-2012

FII & DII trading activity in Capital Market Segment on 29-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 29-Oct-2012 1563.31 1639.88 -76.57

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Oct-2012 839.42 849.17 -9.75

Indian Stock Markets Closing Reports(29-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed flat.

2- Many i Indices closed in Red after slipping from higher levels.

3- Doji Candle formation.

Ratios

Nifty Put Call Ratio: 0.95

Nifty P/E Ratio(29-Oct-2012): 17.76

Advances & Declines

BSE Advances : 1,218 (41%)

BSE Declines : 1,631 (55%)  

NSE Advances :   546 (36%) 

NSE Declines :   890 (59%)

Nifty Open Interest Changed Today

Nifty- 5500 CE(Nov)- 30,450(3.95%)

Nifty- 5500 PE(Nov)- 233,600(7.15%)

Nifty- 5600 CE(Nov)- 2,000(0.16%)

Nifty- 5600 PE(Nov)- 484,750(11.93%)

Nifty- 5700 CE(Nov)- 349,900(11.27%)

Nifty- 5700 PE(Nov)-  500,250(13.92%)

Nifty- 5800 CE(Nov)- 585,450(17.02%)

Nifty- 5800 PE(Nov)- 16,250(0.96%)

Closing 

Sensex- closed at 18635.82(10.48 Points & 0.06%)

Nifty- closed at 5,665.60(1.30 Points & 0.02%)

CNX Midcap - closed at 7,766.55(-23.95 Points & -0.31%)

CNX Smallcap- closed at 3,428.60(-15.10 Points & -0.44%)

Nifty Spot-Levels & Trading Strategy for 30-10-2012

Nifty Spot-Levels

R3 5746
R2 5722
R1 5693
Avg 5669
S1 5640
S2 5616
S3 5587

Nifty Spot-Trading Strategy

H6  5718    Trgt 2
H5  5706    Trgt 1
H4  5694    Long breakout
H3  5679    Go Short
H2  5674
H1  5669
L1  5660
L2  5655
L3  5650    Long
L4  5635    Short Breakout
L5  5623    Trgt 1
L6  5611    Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 30-10-2012

Nifty(Nov Fut)-Levels

R3 5779
R2 5754
R1 5728
Avg 5703
S1 5677
S2 5652
S3 5626

Nifty(Nov 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

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 30-10-2012

Bank Nifty(Nov Fut)-Levels

R3 11791
R2 11725
R1 11644
Avg 11578
S1 11497
S2 11431
S3 11350

Bank Nifty(Nov Fut)-Trading Strategy

H6 11710     Trgt 2
H5 11677     Trgt 1
H4 11643     Long breakout
H3 11603     Go Short
H2 11589
H1 11576
L1 11549
L2 11536
L3 11522     Long
L4 11482     Short Breakout
L5 11448     Trgt 1
L6 11415     Trgt 2

Pre-Closing Outlook(29-10-2012)

Although Indian markets are trading near intraday lower levels at this moment but intraday patterns are showing consolidation indications therefore bouncing back possibility is very much alive after RBI Credit Policy tomorrow.

Blasting Moves cooking in 23 Sessions

Technical Analysis,Research & Weekly Outlook

(Oct 29 to Nov 02,2012)

Nifty-EOD Chart (26-Oct-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4770.35 on 04-06-2012(Wave-2 completion and Wave-3 beginning)
2- 5348.55 on 10-07-2012(Sub Wave-1 of  Wave-3)
3- 5032.40 on 26-07-2012(Sub Wave-2 of  Wave-3)
4- 5448.40 on 23-08-2012(Sub Wave-3 of  Wave-3)
5- 5215.70 on 05-09-2012(Sub Wave-4 of  Wave-3)
6- Sub Wave-5 of Wave-3 completion at 5815.35 on 05-10-2012
7- 14 Sessions sideways correction between 5639-5733.
8- 23 Sessions most time trading between 5639-5733.
9- Previous 3 corrective weeks.
10- Previous 2 weeks Doji Candle formation. 
11- 23 Sessions sideways market between 5639-5756.

Conclusions from EOD chart analysis 

Sub Wave-5 of Wave-3 completed at 5815.35 on 05-10-2012 and after that its correction begun in sideways trading mode. 14 Sessions correction between 5639-5733 and also last 23 sessions trading within this range.

As technical positions of last 14 sideways sessions has to be understood for deciding length of correction and next trend after completion of correction therefore Micro-Analysis of corrective 14 sessions intraday Charts of Nifty is as follows:-

Nifty-Micro Analysis of corrective 14 Sessions Intra Day Chart

(Oct 08 to Oct 26,2012)

Nifty-Intra Day Chart (Oct 08 to Oct 26,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 14 Sessions intraday charts

1- 14 Corrective sessions resistance at 5733.
2- Selling between 5700-5733.
3- 14 Corrective sessions support at 5639.
4- Buying between 5639-5675.
5- 14 Previous sessions sideways trading 5639-5733.

Conclusions from 14 Sessions intra day chart analysis 

14 Sessions sideways corrcetion  between 5639-5733 after Sub Wave-5 of Wave-3 completion with higher levels good selling between 5700-5733 and equally good buying also at lower levels between 5639-5675.

Conclusions (After Putting All Studies Together)

23 sessions sideways trading between 5639-5733 and finally sustaining beyond this range will decide next big following trends:-

1- Above 5733 will mean high possibility Nifty above 6000.
2- Below 5639 will mean firstly deeper correction of previous Sub Wave-5 rally of 600 Nifty points. As Wave-3 correction after completion of Sub Wave-5 therefore 'ABC' correction of whole Wave-3 up moves(1045 Nifty points).

As both higher levels good selling and lower levels strong supports in last 23 sessions between 5639-5733 therefore technically Indian markets are not prepared for any side decisive move and will firstly prepare for next trend in the beginning of next week within 5639-5733. Market takes its own time to take positions and let this process complete and technical formations emerge in intraday charts then break out direction will be understood and projected in the coming sessions.

Forceful break out or sustaining beyond 5639-5733 will blast open the gates of those next big moves which are being cooked in last 23 sessions.

FII Trading Data in Derivatives Segment on 26-Oct-2012

FII & DII trading activity in Capital Market Segment on 26-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 26-Oct-2012 1612.59 1811.43 -198.84

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Oct-2012 854.24 944.17 -89.93

Indian Stock Markets Closing Reports(26-Oct-2012)

Main features of today trading are as follows

1- All the Indices closed in Red except CNX AUTO.

2- Weaker Global cues led intraday fall.

3- Black Candle formation.

Ratios

Nifty Put Call Ratio: 0.96

Nifty P/E Ratio(26-Oct-2012): 17.77

Advances & Declines

BSE Advances : 1,024

BSE Declines : 1,167 

NSE Advances :   587

NSE Declines :  1,167

Nifty Open Interest Changed Today

Nifty- 5500 CE(Nov)- -51,300(-6.23%)

Nifty- 5500 PE(Nov)-  446,450(15.84%)

Nifty- 5600 CE(Nov)- -74,750(-5.80%)

Nifty- 5600 PE(Nov)-  198,050(5.12%)

Nifty- 5700 CE(Nov)-  583,600(23.14%)

Nifty- 5700 PE(Nov)-  669,950(22.91%)

Nifty- 5800 CE(Nov)-  658,600(23.69%)

Nifty- 5800 PE(Nov)- -123,850(-6.82%)

Closing 

Sensex- closed at 18,625.34(-133.29 Points & -0.71%)

Nifty- closed at 5,664.30(-41.00 Points & -0.72%)

CNX Midcap - closed at 7,790.50(-91.75 Points &-1.16 %)

CNX Smallcap- closed at 3,443.70(-46.55 Points &-1.33 %)

Nifty Spot-Levels & Trading Strategy for 29-10-2012

Nifty Spot-Levels

R3 5749
R2 5723
R1 5693
Avg 5667
S1 5637
S2 5611
S3 5581

Nifty Spot-Trading Strategy

H6  5720    Trgt 2
H5  5707    Trgt 1
H4  5694    Long breakout
H3  5679    Go Short
H2  5674
H1  5669
L1  5658
L2  5653
L3  5648    Long
L4  5633    Short Breakout
L5  5620    Trgt 1
L6  5607    Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 29-10-2012

Nifty(Nov Fut)-Levels

R3 5780
R2 5753
R1 5726
Avg 5699
S1 5672
S2 5645
S3 5618

Nifty(Nov Fut)-Trading Strategy

H6 5753     Trgt 2
H5 5740     Trgt 1
H4 5728     Long breakout
H3 5713     Go Short
H2 5708
H1 5703
L1 5694
L2 5689
L3 5684    Long
L4 5669     Short Breakout
L5 5657     Trgt 1
L6 5644     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 29-10-2012

Bank Nifty(Nov Fut)-Levels

R3 11833
R2 11765
R1 11675
Avg 11607
S1 11517
S2 11449
S3 11359

Bank Nifty(Nov Fut)-Trading Strategy

H6  11743    Trgt 2
H5  11707    Trgt 1
H4  11671    Long breakout
H3  11628    Go Short
H2  11613
H1  11599
L1  11570
L2  11556
L3  11541    Long
L4  11498    Short Breakout
L5  11462    Trgt 1
L6  11426    Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Oct 29 to Nov 02,2012)

Nifty Spot-Weekly Levels

R3 5790
R2 5756
R1 5710
Avg 5676
S1 5630
S2 5596
S3 5550

Nifty Spot-Weekly Trading Strategy 

H6  5744    Trgt 2
H5  5726    Trgt 1
H4  5708    Long breakout
H3  5686    Go Short
H2  5678
H1  5671
L1  5656
L2  5649
L3  5642    Long
L4  5620    Short Breakout
L5  5601    Trgt 1
L6  5583    Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 29 to Nov 02,2012)

Bank Nifty Spot-Weekly Levels

R3 11875

R2 11766

R1 11637

Avg 11528

S1 11399

S2 11290

S3 11161

Bank Nifty Spot-Weekly Trading Strategy 

H6 11748     Trgt 2 

H5 11694     Trgt 1

H4 11639     Long breakout 

H3 11574     Go Short 

H2 11552

H1 11530

L1 11487

L2 11465

L3 11443     Long 

L4 11378     Short Breakout 

L5 11323     Trgt 1 

L6 11269     Trgt 2

Pre-Closing Outlook(2610-2012)

Short Term Trend is sideways after 23 Sessions most time trading between 5639-5733 with higher levels good selling between 5692-5733 and lower levels good supports near 5639. As sentiment was subdued today morning due US Futures weak trading and Dow's Futures trading more than 100 points down therefore Indian markets also slipped but traded whole day within above mentioned  23 Sessions trading range as well as got support also at 5641.

Although Indian markets traded whole day in negative zone but intraday patterns are not showing selling pattern and today down moves are due to weaker global cues also.

Indian markets are still range bound between 5639-5733 with lower levels supports and higher levels selling,just get next trend confirmation through sustaining it beyond. 

Mid-session Outlook-4(2610-2012)

All the Asian markets closed from 1.21% to 1.76% down and Dow's Futures is more than 100 points down therefore market sentiment is extremely weak today and forceful break down of 5664 seen as well as testing of next strong support(5639) is expected now.

Mid-session Outlook-3(2610-2012)

More than 3 hours trading between 5664-5680 with intraday supports and consolidation patterns but Dow's Futures is more than 100 points down at this moment and sentiment may dampen also therefore next moves confirmations will be after forceful break out of 5664-5680.