ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 06-Nov-2012
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Nifty(Nov Fut)-Levels & Trading Strategy for 07-11-2012
R3 5830
R2 5802
R1 5784
Avg 5756
S1 5738
S2 5710
S3 5692
Nifty(Nov Fut)-Trading Strategy
H6 5812 Trgt 2
H5 5801 Trgt 1
H4 5791 Long breakout
H3 5778 Go Short
H2 5774
H1 5770
L1 5761
L2 5757
L3 5753 Long
L4 5740 Short Breakout
L5 5730 Trgt 1
L6 5719 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 07-11-2012
R3 11840
R2 11746
R1 11684
Avg 11590
S1 11528
S2 11434
S3 11372
Bank Nifty(Nov Fut)-Trading Strategy
H6 11780 Trgt 2
H5 11744 Trgt 1
H4 11708 Long breakout
H3 11665 Go Short
H2 11651
H1 11637
L1 11608
L2 11594
L3 11580 Long
L4 11537 Short Breakout
L5 11501 Trgt 1
L6 11465 Trgt 2
Nifty Spot-Levels & Trading Strategy for 07-11-2012
Nifty Spot-Levels
R3 5775
R2 5752
R1 5738
Avg 5715
S1 5701
S2 5678
S3 5664
Nifty Spot-Trading Strategy
H6 5761 Trgt 2
H5 5752 Trgt 1
H4 5744 Long breakout
H3 5734 Go Short
H2 5730
H1 5727
L1 5720
L2 5717
L3 5713 Long
L4 5703 Short Breakout
L5 5695 Trgt 1
L6 5686 Trgt 2
R3 5775
R2 5752
R1 5738
Avg 5715
S1 5701
S2 5678
S3 5664
Nifty Spot-Trading Strategy
H6 5761 Trgt 2
H5 5752 Trgt 1
H4 5744 Long breakout
H3 5734 Go Short
H2 5730
H1 5727
L1 5720
L2 5717
L3 5713 Long
L4 5703 Short Breakout
L5 5695 Trgt 1
L6 5686 Trgt 2
Pre-Closing Outlook(06-11-2012)
As soon as Indian markets consolidated then it was updated at 10:16AM in Post-open Outlook today:-
"intraday consolidation patterns seen today in first hour of trading"
Nifty traded almost whole day today within strong resistance range with confirm consolidation at lower levels. Crossing and sustaining above 5733 should be firstly watched tomorrow for next rally first strong indication and almost confirmation also.
"intraday consolidation patterns seen today in first hour of trading"
Nifty traded almost whole day today within strong resistance range with confirm consolidation at lower levels. Crossing and sustaining above 5733 should be firstly watched tomorrow for next rally first strong indication and almost confirmation also.
Mid-session Outlook(06-11-2012)
Strong resistances are between 5700-5733 and today first 2 hours trading within this range with intraday consolidation patterns formation in first hour today. As consolidation patterns within resistance range therefore emergence of up moves hopes today and firstly break out of 5680-5733 should be watched for next moves first indication.
Post-open Outlook(06-11-2012)
Almost flat trading but intraday consolidation patterns seen today in first hour of trading and firstly break out of 5680-5733 should be watched for next moves first indication.
Technical Analysis and Market Outlook(06-11-2012)
Nifty-Intra Day Chart (Nov 02 & Nov 05,2012):-
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| Just click on chart for its enlarged view |
1- Selling between 5700-5710
2- Supports between 5680-5690
3- 2 Sessions trading between 5680-5710
Conclusions from 2 Sessions intra day chart analysis
Last 2 sessions sideways trading within 30 points between 5680-5710 after 33 points gap up last Friday with confirm selling between 5700-5710 and lower levels intraday supports formations also.
Follow up moves tomorrow will decide next trend and 2 sessions range(5680-5710) will give next following moves:-
1- As good selling and multiple resistances above 5700 therefore market require complete consolidations for step by step sustaining above 5700/5710/5733/5756/5815.
2- Breaking down below 5680 will mean firstly sharp down moves with retesting possibility of previous week lows.
As clear selling patterns between 5700-5710 and expected that Nifty will slip below 5680 despite intraday supports at lower levels in last 2 sessions and closing near intraday higher levels today.
29 Sessions sideways trading between 5583-5815 and next big moves will be seen after sustaining beyond this range.Expected that Nifty will not move above 5733 tomorrow and follow up selling will mean sharp fall below 5680.
FII & DII trading activity in Capital Market Segment on 05-Nov-2012
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Indian Stock Markets Closing Reports(05-Nov-2012)
1- Benchmark Indices closed positive with nominal gains.
2- Narrow range quiet market and most Indices closed with nominal gains or loss.
3- Hanging Man / Dragonfly Doji Bearish Candle formation.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(05-Nov-2012): 17.86
Advances & Declines
BSE Advances : 1,340
BSE Declines : 1,514
NSE Advances : 779
NSE Declines : 933
Nifty Open Interest Changed Today
Nifty- 5400 CE(Nov)- -8,350(-0.50%)
Nifty- 5400 PE(Nov)- 257,750(5.13%)
Nifty- 5500 CE(Nov)- -1,000(-0.11%)
Nifty- 5500 PE(Nov)- 367,200(7.94%)
Nifty- 5600 CE(Nov)- -57,150(-2.34%)
Nifty- 5600 PE(Nov)- 279,000(4.30 %)
Nifty- 5700 CE(Nov)- -52,250(-1.19%)
Nifty- 5700 PE(Nov)- 490,900(10.97%)
Nifty- 5800 CE(Nov)- -78,900(-1.48%)
Nifty- 5800 PE(Nov)- 322,450(19.65%)
Closing
Sensex- closed at 18,762.87(7.42 Points & -0.04%)
Nifty- closed at 5,704.20(6.50 Points & 0.11%)
CNX Midcap - closed at 7,839.85(-36.25 Points & -0.46%)
CNX Smallcap- closed at 3,437.75(-5.80 Points & -0.17%)
Nifty Spot-Levels & Trading Strategy for 06-11-2012
R3 5745
R2 5727
R1 5715
Avg 5697
S1 5685
S2 5667
S3 5655
Nifty Spot-Trading Strategy
H6 5734 Trgt 2
H5 5727 Trgt 1
H4 5720 Long breakout
H3 5712 Go Short
H2 5709
H1 5706
L1 5701
L2 5698
L3 5695 Long
L4 5687 Short Breakout
L5 5680 Trgt 1
L6 5673 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 06-11-2012
R3 5811
R2 5785
R1 5762
Avg 5736
S1 5713
S2 5687
S3 5664
Nifty(Nov Fut)-Trading Strategy
H6 5788 Trgt 2
H5 5777 Trgt 1
H4 5765 Long breakout
H3 5752 Go Short
H2 5747
H1 5743
L1 5734
L2 5730
L3 5725 Long
L4 5712 Short Breakout
L5 5700 Trgt 1
L6 5689 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 06-11-2012
R3 11661
R2 11607
R1 11572
Avg 11518
S1 11483
S2 11429
Bank Nifty(Nov Fut)-Trading Strategy
H6 11626 Trgt 2
H5 11606 Trgt 1
H4 11585 Long breakout
H3 11561 Go Short
H2 11553
H1 11545
L1 11528
L2 11520
L3 11512 Long
L4 11488 Short Breakout
L5 11467 Trgt 1
L6 11447 Trgt 2
Pre-Closing Outlook(05-11-2012)
Nifty traded whole day between 5683-5710 after 33 points gap up last Friday and again almost same range trading between 5680-5709 today but with confirm selling between 5700-5708 and lower levels intraday supports formations.
Follow up moves tomorrow will decide next trend and 2 sessions range(5680-5710) will give next following moves:-
1- As good selling and multiple resistances above 5700 therefore market require complete consolidations for step by step sustaining above 5700/5710/5733/5756/5815.
2- Breaking down below 5680 will mean firstly sharp down moves with retesting possibility of previous week lows.
Follow up moves tomorrow will decide next trend and 2 sessions range(5680-5710) will give next following moves:-
1- As good selling and multiple resistances above 5700 therefore market require complete consolidations for step by step sustaining above 5700/5710/5733/5756/5815.
2- Breaking down below 5680 will mean firstly sharp down moves with retesting possibility of previous week lows.
Mid-session Outlook(05-11-2012)
Almost first 3 hours trading with intraday selling patterns between 5700-5708 which is within previous strong resistance range(5700-5733) also this resistance more strengthened today because again today selling within it.
As selling seen within previous resistance range therefore until Nifty will not sustain above 5733 till then any up moves will not considered and sustaining below 5683(last Friday lowest) will mean firstly slipping towards lower levels of previous 28 sessions trading range(5583-4815)
As selling seen within previous resistance range therefore until Nifty will not sustain above 5733 till then any up moves will not considered and sustaining below 5683(last Friday lowest) will mean firstly slipping towards lower levels of previous 28 sessions trading range(5583-4815)
More than 10% Moves in Indian markets
Technical Analysis,Research & Weekly Outlook
(Nov 05 to Nov 09,2012)
Nifty-EOD Chart (02-Nov-2012):- |
| Just click on chart for its enlarged view |
1- 4531.15 on 20-12-2011(Long term correction completion and Wave-1 beginning)
2- 5629.95 on 22-02-2012(Wave-1 completion and Wave-2 beginning)
3- 4770.35 on 04-06-2012(Wave-2 completion and Wave-3 beginning)
4- 5348.55 on 10-07-2012(Sub Wave-1 of Wave-3)
5- 5032.40 on 26-07-2012(Sub Wave-2 of Wave-3)
6- 5448.40 on 23-08-2012(Sub Wave-3 of Wave-3)
7- 5215.70 on 05-09-2012(Sub Wave-4 of Wave-3)
8- Sub Wave-5 of Wave-3 completion at 5815.35 on 05-10-2012
10- 19 Sessions sideways correction between 5583-5815.
11- 28 Sessions sideways trading between 5583-5815.
11- 28 Sessions most time trading between 5639-5733.
12- Previous 4 weeks correction.
Conclusions from EOD chart analysis
Long Term Trend is up and intermediate term trend is sideways for the last 28 sessions between 5583-5815 and finally sustaining beyond this range will blast Indian markets towards break out direction. As higher levels strong resistances are between 5700-5733/5756/5815 and supports have shifted toward lower range between 5583-5615 therefore now next moves confirmation range is sustaining beyond 5583-5815.
Financial markets are tend to react on news and break out from a range can be seen also after any big news and same happened in last week when Nifty forcefully moved below the lowest of sideways trading range(5639) after RBI Credit Policy announcement as well as again jumped into range(5639-5733) after strong Global markets last Friday. As breaking out/down technical confirmation is must therefore following 2 filters have to be watched first:-
1- 3 Days sustaining beyond the previous trading range.
2- Minimum 3% up/down moves from the high/low of the previous trading range.
As Indian markets reentered between previous most time trading range(5639-5733) last Friday without fulfilling the conditions of above mentioned 2 filters therefore breaking down of 30-10-2012 was false and not valid. Markets take its own time in finding its direction therefore turns sideways and prepare for next moves. Now sideways trading range of Nifty is 5583-5733/5756/5815 and supports/resistances within this range are as follows:-
1- Supports are between 5583-5615.
2- Strong resistances are between 5700-5733.
3- Next resistances are between 5736-5756.
4- Next resistances are between 5778-5815.
As multiple resiistances are between 5700-5815 therefore complete consolidation is required for sustaining above 5815 but strong resistances are between 5700-5733 and once sustaining above 5733 will mean first indication of rally. Supports are lower levels are not as much strong and once confirmation of sustaining below 5583 will mean deeper correction also.
Let market complete its preparation process between 5583-5815 and till then trading targets should remain within this range only but more than 10% fast moves will be seen after the break out/down of this range because:-
1- Sideways market is 28 sessions old now and sustaining above 5815 may also mean that Corrective Wave-4 completion within sideways moves and eruption of impulsive Wave-5 strong rally.
2- Sideways market is 28 sessions old now and sustaining below 5583 may also mean that emergence of Wave-4 deeper correction after complete distribution within sideways moves as well as possibility to correct 1045 up moves of Wave-3.
FII & DII trading activity in Capital Market Segment on 02-Nov-2012
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Indian Stock Markets Closing Reports(02-Nov-2012)
1- All the Indices closed in Green.
2- Quiet sideways trading after gap up opening.
3- Doji Candle formation.
Ratios
Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(02-Nov-2012): 17.86
Advances & Declines
BSE Advances : 1,538
BSE Declines : 1,329
NSE Advances : 992
NSE Declines : 706
Nifty Open Interest Changed Today
Nifty- 5400 CE(Nov)- -19,550(-1.16%)
Nifty- 5400 PE(Nov)- 259,750(5.45%)
Nifty- 5500 CE(Nov)- -27,900(-3.09%)
Nifty- 5500 PE(Nov)- -325,650(-6.58%)
Nifty- 5600 CE(Nov)- -278,550(-10.25%)
Nifty- 5600 PE(Nov)- 792,650(13.91%)
Nifty- 5700 CE(Nov)- -884,100(-16.71%)
Nifty- 5700 PE(Nov)- 797,550(21.69%)
Nifty- 5800 CE(Nov)- 178,800(3.46%)
Nifty- 5800 PE(Nov)- 18,000(1.11%)
Closing
Sensex- closed at 18755.45(193.75 Points & 1.04%)
Nifty- closed at 5,697.70(52.65 Points & 0.93%)
CNX Midcap - closed at 7,876.10(43.75 Points & 0.56%)
CNX Smallcap- closed at 3,443.55(13.25 Points & 0.39%)
Nifty Spot-Levels & Trading Strategy for 05-11-2012
R3 5740
R2 5725
R1 5711
Avg 5696
S1 5682
S2 5667
S3 5653
Nifty Spot-Trading Strategy
H6 5726 Trgt 2
H5 5719 Trgt 1
H4 5712 Long breakout
H3 5704 Go Short
H2 5702
H1 5699
L1 5694
L2 5691
L3 5689 Long
L4 5681 Short Breakout
L5 5674 Trgt 1
L6 5667 Trgt 2
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