Bank Nifty(Nov Fut)-Levels & Trading Strategy for 22-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11716

R2 11607

R1 11544

Avg 11435

S1 11372

S2 11263

S3 11200

Bank Nifty(Nov Fut)-Trading Strategy

H6 11656     Trgt 2 

H5 11616     Trgt 1

H4 11576     Long breakout 

H3 11529     Go Short 

H2 11513

H1 11497

L1 11466

L2 11450

L3 11434     Long 

L4 11387     Short Breakout 

L5 11347     Trgt 1 

L6 11307     Trgt 2

Blog will be updated after 09:00PM today.

Technical Analysis and Market Outlook(21-11-2012)

Nifty-Intra Day Chart (Nov 19 & Nov 20,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Consolidation between 5550-5566 in last 2 sessions.
2- Selling between 5582-5602 today.

Conclusions from 2 Sessions intra day chart analysis 

36 Sessions trading range(5583-5815) broken down on 16-11-2012 but its validity confirmation is required through sustaining below 5583. As moves below 5583 were not forceful therefore follow up selling below it was must but only today intraday charts showed selling while last 2 sessions intraday charts are signalling consolidation formations also.

Although last 3 sessions closing below 5583 but more follow up selling and sustaining below last 3 sessions lowest(5349) is also required because consolidation seen above it in last 2 sessions. As good selling and multiple resistances between 5583-5815 therefore complete consolidation is required for any decisive up move but follow up selling in the coming sessions will mean deeper correction.

It is confirm that huge fall will be seen after 36 Sessions trading range breaking down confirmation because that will be Wave-4 deeper correction confirmation and firstly it should be watched in the coming sessions through:-

1- Sustaining below 5549 or 
2- Forceful breaking down of 5549. 

As last 2 sessions most time trading between 5549-5602 with both higher levels selling and lower levels good consolidation also therefore follow up buying/selling and sustaining beyond mentioned range will mean:-

1- Sustaining below 5549 will mean sharp and deep down moves.
2- Sustaining above 5602 will mean reentering into 36 sessions range bound market but multiple strong resistances upto 5777 therefore up moves will be slow and after complete consolidation.

FII Trading Data in Derivatives Segment on 20-Nov-2012

FII & DII trading activity in Capital Market Segment on 20-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 20-Nov-2012 2377.81 2234.43 143.38

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 20-Nov-2012 769.65 781.18 -11.53

Indian Stock Markets Closing Reports(20-Nov-2012)

Main features of today trading are as follows

1- Most Indices closed in Red except BANK NIFTY,CNX CONSUMPTION,CNX AUTO,CNX FINANCE,CNX PHARMA and CNX SERVICE.
2- Most Indices closed in Red but broad based Indices CNX MIDCAP and CNX SMALLCAP closed more weak with -0.79% and -0.88% respectively.
3- Black Candle formation today.

Ratios

Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(20-Nov-2012): 17.48

Advances & Declines

BSE Advances : 1,012
BSE Declines : 1,844

NSE Advances :   427
NSE Declines : 1,002

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)-  12,400(0.78%)
Nifty- 5400 PE(Nov)-  453,500(6.32%)

Nifty- 5500 CE(Nov)- -220,700(-10.95%)
Nifty- 5500 PE(Nov)-  372,150(5.58%)

Nifty- 5600 CE(Nov)-  316,450(6.05%)
Nifty- 5600 PE(Nov)-  43,350(0.72%)

Nifty- 5700 CE(Nov)- -314,950(-3.63%)
Nifty- 5700 PE(Nov)- -154,900(-4.11%)

Closing 

Sensex- closed at 18329.32(-9.68 Points & -0.05%)
Nifty- closed at 5,571.55(0.15 Points & 0.00%)
CNX Midcap - closed at 7,713.80(-61.35 Points & -0.79%)
CNX Smallcap- closed at 3,454.80(-30.50 Points & -0.88%)

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11582
R2 11515
R1 11433
Avg 11366
S1 11284
S2 11217
S3 11135

Bank Nifty(Nov Fut)-Trading Strategy

H6 11500     Trgt 2
H5 11466     Trgt 1
H4 11432     Long breakout
H3 11391     Go Short
H2 11378
H1 11364
L1 11337
L2 11323
L3 11310     Long
L4 11269     Short Breakout
L5 11235     Trgt 1
L6 11201     Trgt 2

Nifty Spot-Levels & Trading Strategy for 21-11-2012

Nifty Spot-Levels

R3 5671

R2 5642

R1 5606

Avg 5577

S1 5541

S2 5512

S3 5476

Nifty Spot-Trading Strategy

H6 5636     Trgt 2 

H5 5621     Trgt 1

H4 5606     Long breakout 

H3 5588     Go Short 

H2 5582

H1 5576

L1 5565

L2 5559

L3 5553     Long 

L4 5535     Short Breakout 

L5 5520     Trgt 1 

L6 5505     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2012

Nifty(Nov Fut)-Levels

R3 5675
R2 5645
R1 5614
Avg 5584
S1 5553
S2 5523
S3 5492

Nifty(Nov Fut)-Trading Strategy

H6 5644     Trgt 2
H5 5630     Trgt 1
H4 5616     Long breakout
H3 5599     Go Short
H2 5594
H1 5588
L1 5577
L2 5571
L3 5566     Long
L4 5549     Short Breakout
L5 5535     Trgt 1
L6 5521     Trgt 2

Pre-Closing Outlook-2(20-11-2012)

Following line was told in Pre-Closing Outlook today:-

firstly sustaining beyond yesterday support range(5550-5566) should be watched for next trend confirmation.

Nifty slipped below 5550 but did not sustained and got support just below it at 5,548.35. Yesterday most time trading and consolidation between 5550-5566 and today again support within this range with consolidation patterns indications therefore firstly sustaining it beyond should be watched tomorrow for next trend confirmations.

Pre-Closing Outlook(20-11-2012)

Slipping from intraday higher levels after some profit booking but minor indications of consolidation patterns also today. As mixed intraday patterns today and Short term trend is down also therefore firstly sustaining beyond yesterday support range(5550-5566) should be watched for next trend confirmation.

Technical Analysis and Market Outlook(20-11-2012)

Nifty-Intra Day Chart (19-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Most time trading between 5550-5576
2- Consolidation between 5550-5566
3- Whole day actual trading between 5550-5592

Conclusions from intra day chart analysis 

As lower levels consolidation patterns seen between 5550-5566 therefore following lines were told yesterday:-

1- In Mid-session Outlook:- "emergence of consolidation paterns formations and expectation of small up moves from here"
2- In Pre-Closing Outlook:- "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"
3- In Post-open Outlook:- "if sustains below 5583 then steep fall will be expected"

As intraday consolidation yesterday and therefore positive opening is expected but multiple resistances at higher levels therefore complete consolidation and minimum sustaining above 5583 is must for the beginning of any decisive up move. Good consolidation seen above 5550 yesterday therefore until Nifty will not sustain below 5550 till then next down move will not be considered but view should remain cautious because political uncertainty can not be ruled out after No-Confidence motion decision by Mamta Banerjee.

FII & DII trading activity in Capital Market Segment on 19-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 19-Nov-2012 1738.25 1739.77 -1.52

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 19-Nov-2012 766.47 1269.07 -502.6

Nifty Spot-Levels & Trading Strategy for 20-11-2012

Nifty Spot-Levels

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

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%)