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ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 19-Nov-2012
Nifty Spot-Levels & Trading Strategy for 20-11-2012
R3 5635
R2 5613
R1 5592
Avg 5570
S1 5549
S2 5527
S3 5506
Nifty Spot-Trading Strategy
H6 5614 Trgt 2
H5 5604 Trgt 1
H4 5594 Long breakout
H3 5582 Go Short
H2 5578
H1 5574
L1 5567
L2 5563
L3 5559 Long
L4 5547 Short Breakout
L5 5537 Trgt 1
L6 5527 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 20-11-2012
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
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.
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):-
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.
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.
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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)
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 & DII trading activity in Capital Market Segment on 16-Nov-2012
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Nifty Spot-Levels & Trading Strategy for 19-11-2012
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
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
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)
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)
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.
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.
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.
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).
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.
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