Nifty(Nov Fut)-Levels & Trading Strategy for 20-11-2012

Nifty(Nov Fut)-Levels

R3 5649
R2 5626
R1 5607
Avg 5584
S1 5565
S2 5542
S3 5523

Nifty(Nov Fut)-Trading Strategy

H6 5631     Trgt 2
H5 5621     Trgt 1
H4 5612     Long breakout
H3 5600     Go Short
H2 5596
H1 5592
L1 5585
L2 5581
L3 5577     Long
L4 5565     Short Breakout
L5 5556     Trgt 1
L6 5546     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 20-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11521

R2 11460

R1 11410

Avg 11349

S1 11299

S2 11238

S3 11188

Bank Nifty(Nov Fut)-Trading Strategy

H6 11472     Trgt 2 

H5 11447     Trgt 1

H4 11422     Long breakout 

H3 11391     Go Short 

H2 11381

H1 11371

L1 11350

L2 11340

L3 11330     Long 

L4 11299     Short Breakout 

L5 11274     Trgt 1 

L6 11249     Trgt 2

Pre-Closing Outlook(19-11-2012)

Today trading between 5550-5590 formations and this range final break out will give confirmation to the validity of last Friday breaking down of 5583.

Although Nifty traded most time in negative zone and now trading also near today lower levels but with intraday consolidation patterns formations therefore up moves expectations are alive.

As more than 5 hours trading within above mentioned range therefore this range break out will give following confirmations:-

1- Above 5590 will mean false break down last Friday and again trading between last 36 sessions trading range.
2- Below 5550 will be confirmation of deep down moves.

Mid-session Outlook(19-11-2012)

Although negative zone trading for the last 3 hours but emergence of consolidation paterns formations and expectation of small up moves from here.

Post-open Outlook(19-11-2012)

Although most Asian markets in Green and some are more than 1% up also but Indian markets under performing and slipped into Red after Positive opening. Nifty tested next trend decider 5583 but could not sustained above and trading below it now,if sustains below 5583 then steep fall will be expected.

Technical Analysis,Research & Weekly Outlook(Nov 19 to Nov 23,2012)

Nifty-EOD Chart (16-Nov-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- 5815.35 on 05-10-2012(Wave-3 completion and corrective Wave-3 beginning)
3- Correction in Falling Channel formation.
4- Lower Falling Trend Line testing last Friday.
5- 36 Sessions trading range(5583-5815) broken down last Friday.

Conclusions from EOD chart analysis 

Nifty traded sideways between 5583-5815 with following selling ranges and these ranges are next resistances also:-

1- Selling between 5700-5720/5733/5777/5815.
2- Selling between5672-5705.
3- Selling between 5620-5650.

As good selling at higher levels therefore 36 sessions lowest(5583) broken down last Friday but after following negative news flow:-

1- Indian Rupee weakening.
2- Sudden fall in US Futures and European markets.

Although good selling at higher levels but last Friday fall was negative news generated therefore 36 Sessions trading range(5583-5815) broken down confirmation is required through:-

1- 3 Days sustaining below 5583
2- Minimum 3% down moves from the lowest((5583) of the previous trading range.

Minimum 10% deeper correction will be seen after breaking down but confirmation is must and market require complete consolidations for next up moves. Until Nifty will not cross above mentioned multiple resistances till then any up trend will not be considered. 

Up moves will be slow while down moves will be fast in the coming week.

Pre-open Outlook(19-11-2012)

Intraday indicators are oversold after last Friday steep fall and Asian markets are also positive today morning therefore sentiment is good and Positive opening will be seen and finally sustaining beyond 5583 should be watched today for next big down moves or any decisive move confirmation.

Indian Stock Markets Closing Reports(16-Nov-2012)

Main features of today trading are as follows

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

2- 36 Sessions trading range broken down.

3- Long Blck Candle formation.

Ratios

Nifty Put Call Ratio: 0.97

Nifty P/E Ratio(16-Nov-2012): 17.50

Advances & Declines

BSE Advances : 1,073

BSE Declines : 1,779   

NSE Advances :   608 

NSE Declines : 1,143  

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- 9,000(0.59%)

Nifty- 5400 PE(Nov)- 457,700(7.74%)

Nifty- 5500 CE(Nov)- 1,305,050(162.46%)

Nifty- 5500 PE(Nov)- 507,900(7.85%)

Nifty- 5600 CE(Nov)- 867,900(23.77%)

Nifty- 5600 PE(Nov)- -900,050(-11.59%)

Nifty- 5700 CE(Nov)- 1,267,600(18.57%)

Nifty- 5700 PE(Nov)- -582,750(-12.32%)

Closing 

Sensex- closed at 18309.37(-162.00 Points & -0.88%)

Nifty- closed at 5,574.05(-56.95 Points & -1.01%)

CNX Midcap - closed at 7,855.45(-84.35 Points & -1.06%)

CNX Smallcap- closed at 3,518.45(-42.30 Points & -1.19%)

FII Trading Data in Derivatives Segment on 16-Nov-2012

FII & DII trading activity in Capital Market Segment on 16-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 16-Nov-2012 2992.05 2482.34 509.71

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Nov-2012 919.18 1293.9 -374.72

Nifty Spot-Levels & Trading Strategy for 19-11-2012

Nifty Spot-Levels

R3 5720

R2 5685

R1 5629

PIVOT 5594

S1 5538

S2 5503

S3 5447

Nifty Spot-Trading Strategy

H6 5665     Trgt 2 

H5 5644     Trgt 1

H4 5624     Long breakout 

H3 5599     Go Short 

H2 5590

H1 5582

L1 5565

L2 5557

L3 5548     Long 

L4 5523     Short Breakout 

L5 5503     Trgt 1 

L6 5482     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 19-11-2012

Nifty(Nov Fut)-Levels

R3 5736

R2 5700

R1 5640

PIVOT 5604

S1 5544

S2 5508

S3 5448

Nifty(Nov Fut)-Trading Strategy

H6  5676    Trgt 2 

H5  5654    Trgt 1

H4  5632    Long breakout 

H3  5606    Go Short 

H2  5597

H1  5588

L1  5571

L2  5562

L3  5553    Long 

L4  5527    Short Breakout 

L5  5505    Trgt 1 

L6  5483    Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 19-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11774

R2 11677

R1 11518

PIVOT 11421

S1 11262

S2 11165

S3 11006

Bank Nifty(Nov Fut)-Trading Strategy

H6 11616     Trgt 2 

H5 11558     Trgt 1

H4 11500     Long breakout 

H3 11430     Go Short 

H2 11406

H1 11383

L1 11336

L2 11313

L3 11289     Long 

L4 11219     Short Breakout 

L5 11161     Trgt 1 

L6 11103     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Nov 19 to Nov 23,2012)

Nifty Spot-Weekly Levels

R3 5835

R2 5777

R1 5675

PIVOT 5617

S1 5515

S2 5457

S3 5355

Nifty Spot-Weekly Trading Strategy 

H6 5734     Trgt 2 

H5 5698     Trgt 1

H4 5662     Long breakout 

H3 5618     Go Short 

H2 5603

H1 5588

L1 5559

L2 5544

L3 5530     Long 

L4 5486     Short Breakout 

L5 5449     Trgt 1 

L6 5413     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 19 to Nov 23,2012)

Bank Nifty Spot-Weekly Levels

R3 11830

R2 11719

R1 11527

PIVOT 11416

S1 11224

S2 11113

S3 10921

Bank Nifty Spot-Weekly Trading Strategy 

H6 11638     Trgt 2 

H5 11570     Trgt 1

H4 11501     Long breakout 

H3 11418     Go Short 

H2 11390

H1 11362

L1 11307

L2 11279

L3 11251     Long 

L4 11168     Short Breakout 

L5 11099     Trgt 1 

L6 11031     Trgt 2

Pre-Closing Outlook(16-11-2012)

As almost first 2 hours selling between 5636-5646 today therefore follow up consolidation and sustaining above 5646 was must and it was updated Mid-session Outlook-2 today.

As Indian Rupee weakened and now trading above 55.11 against $ as well as all European markets also forcefully down after sharp 60 points fall of Dow's Futures therefore sentiment depressed and Indian markets 36 sessions trading range(5583-5815) broken down

Finally sustaining below 5583 will mean deeper correction in next week.

Mid-session Outlook-2(16-11-2012)

Nifty moved above 5646 but without required force and confirmation is required through sustaining it above. Multiple resistances also above 5680 therefore consolidation is must for any decisive up move above it.

As lower levels consolidation,base formation and good supports between 5583-5630 therefore very short term up moves are expected but firstly confirmation is must through sustaining above 5646.

Mid-session Outlook(16-11-2012)

Nifty traded between 5603-5646 today and yesterday. Technical positions within this range are as follows:-

1- Supports between 5603-5615 yesterday.
2- Resistance between 5636-5646 today. 

As supports between 5583-5615 also therefore next trends confirmation range is 5583-5646 for:

1- very short term up trend above 5646 or 
2- Deep long term down trend below 5583 but after confirmation. 

Post-open Outlook(16-11-2012)

As yesterday  intraday charts showed lower levels supports between 5603-5615 with intraday consolidation patterns therefore positive market since opening today. As yesterday supports were between previous support range(5583-5615) therefore supports strengthened near 5600.

Follow up consolidation today and sustaining above 5615 will mean firstly very short term up moves between 36 sessions sideways trading range(5583-5815).

Technical Analysis and Market Outlook(16-11-2012)

Although US markets closed in Red yesterday but yesterday intraday charts showed lower levels supports and consolidation patterns also therefore positive market is expected today.

Pre-Closing Outlook(15-11-2012)

Intraday supports between previous support range(5583-5615) but selling patterns also seen today. Follow up moves tomorrow and finally sustaining beyond mentioned support range will decide next trend below or within 36 sessions trading range(5583-5815).

Technical Analysis and Market Outlook(15-11-2012)

Nifty-Intra Day Chart (Nov 12 & Nov 13,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 5672-5705
2- 2 Sessions actual trading between 5662-5705

Conclusions from 2 Sessions intra day chart analysis 

35 Sessions sideways market and its detailed analysis have already been updated in Strong Big Moves after final Break Out on 10-11-2012.

Good resistances at higher levels and next supports are between 5583-5615 as well as complete consolidation is required for sustaining above mentioned supports.As intraday selling patterns seen in previous 2 sessions between 5672-5705 therefore more down moves are expected in the coming sessions.

Global cues are also weak today morning therefore testing of above next supports(5583-5615) is possible after gap down opening and sustaining it beyond should be firstly watched for next big trend confirmations.