FII & DII trading activity in Capital Market Segment on 26-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 26-Nov-2012 1546.55 1383.41 163.14

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Nov-2012 600.01 795.67 -195.66

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

Main features of today trading are as follows


1- Benchmark Indices closed in Green with nominal gains.
2- Broad based Midcap and Smallcap Indices closed with good gains.
3- Black Candle formation.

Ratios

Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(26-Nov-2012): 17.64

Advances & Declines

BSE Advances : 1,595
BSE Declines : 1,226
NSE Advances :   837
NSE Declines :   591

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -40,950(-2.69%)
Nifty- 5400 PE(Nov)- -340,550(-4.72%)

Nifty- 5500 CE(Nov)- -296,350(-20.41%)
Nifty- 5500 PE(Nov)-  261,050(3.10%)

Nifty- 5600 CE(Nov)- -127,250(-2.78%)
Nifty- 5600 PE(Nov)-  1,636,200(22.41%)

Nifty- 5700 CE(Nov)-  483,050(5.51%)
Nifty- 5700 PE(Nov)-  74,850(2.03%)

Closing 

Sensex- closed at 18,537.01(30.44 Points & 0.16%)
Nifty- closed at 5,635.90(9.30 Points & 0.17%)
CNX Midcap - closed at 7,853.50(66.25 Points & 0.85%)
CNX Smallcap- closed at 3,536.00(43.95 Points & 1.26%)

Nifty Spot-Levels & Trading Strategy for 27-11-2012

Nifty Spot-Levels

R3 5674
R2 5661
R1 5648
Avg 5635
S1 5622
S2 5609
S3 5596

Nifty Spot-Trading Strategy

H6 5661     Trgt 2
H5 5655     Trgt 1
H4 5649     Long breakout
H3 5642     Go Short
H2 5639
H1 5637
L1 5632
L2 5630
L3 5627     Long
L4 5620     Short Breakout
L5 5614     Trgt 1
L6 5608     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 27-11-2012

Nifty(Nov Fut)-Levels

R3 5679

R2 5666

R1 5654

Avg 5641

S1 5629

S2 5616

S3 5604

Nifty(Nov Fut)-Trading Strategy

H6 5667     Trgt 2 

H5 5661     Trgt 1

H4 5655     Long breakout 

H3 5648     Go Short 

H2 5646

H1 5644

L1 5639

L2 5637

L3 5635     Long 

L4 5628     Short Breakout 

L5 5622     Trgt 1 

L6 5616     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 27-11-2012

Bank Nifty(Nov Fut)-Levels

R3 12120

R2 11827

R1 11641

Avg 11348

S1 11162

S2 10869

S3 10683

Bank Nifty(Nov Fut)-Trading Strategy

H6 11951     Trgt 2 

H5 11834     Trgt 1

H4 11718     Long breakout 

H3 11586     Go Short 

H2 11542

H1 11498

L1 11411

L2 11367

L3 11323     Long 

L4 11191     Short Breakout 

L5 11075     Trgt 1 

L6 10958     Trgt 2

Pre-Closing Outlook(26-11-2012)

Whole day trading between immediate resistance range(5620-5650) today with mixed intraday patterns. Firstly support at lower levels with intraday consolidation patterns as well as small intraday up moves also seen but minor profit booking development at higher levels also therefore next short term trend confirmation will be after valid break out of immediate resistance range(5620-5650).

Mid-session Outlook(26-11-2012)

First 4 hours trading between immediate resistance range(5620-5650) today with intraday consolidation patterns formation therefore expected that Nifty will move above 5650 and short term up moves will be seen in the coming sessions.

Bullish Flag formation confirming strong Wave-5 Rally

Technical Analysis,Research & Weekly Outlook

(Nov26 to Nov 30,2012)

Nifty-EOD Chart (23-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion)
2- Wave-1(5629.95 on 22-02-2012)
3- Wave-2(4770.35 on 04-06-2012)
4- Wave-3(5815.35 on 05-10-2012)
5- Bullish Flag formation in last 41 sessions Wave-4 correction between 5549-5815

Conclusions from EOD chart analysis 

Wave-3 gained 1045 points in 87 sessions and Wave-4 corrected 266 points(25.4%) in 41 sessions(47.1%). Financial markets corrects both time wise and value wise and has sufficiently corrected time wise but value wise correction is small.

Although Wave-4 corrected only 25.4% but time wise sufficient correction of 47.1%. As strong Bullish markets does not slip too much during correction and possibility of impulsive Wave-5 rally is very much alive after time wise correction completion. As corrective Wave-4 is on with Bullish Flag formation therefore strong rally above 5815 can not be ruled out after on going correction completion.

Nifty-EOD Chart (23-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-2 correction completion at 4770.35 on 04-06-2012 and Wave-3 beginning.
2- Wave 3 top formation at 5815.35 on 05-10-2012 and Wave-4 correction continuation for the last 41 sessions.
3- Firstly Wave-4 sideways correction with 24 sessions most time trading between 5639-5733.
4- 1st Break down of sideways trading range after RBI Credit policy on 30-10-2012 and new sideways range low formation at 5583.05 on 31-10-2012.
5- 1st Break out of sideways trading range after  Obama victory in US Predential Elections on 07-11-2012 and new sideways range high formation at 5777.30 on 07-11-2012.
6- 2nd Break down of sideways trading range after Indian Rupee weakening and sharp fall of European markets on 16-11-2012 and new sideways range low formation at 5548.35 on 20-11-2012.

Conclusions from EOD chart analysis 

Firstly sideways trading range(5639-5733) formation and after that its 2 times negative news based without force break down and in the same manner once without force break out also after positive news,resultant Wave-4 correction with Bullish Flag formation.

As corrective Wave-4 is on with Bullish Flag formation therefore strong rally above 5815 can not be ruled out after on going correction completion.

Nifty-Intra Day Chart (Nov 15 to Nov 23,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 7 Sessions intraday charts

1- Good consolidations between 5549-5606 in 4 sessions of previous week.
2- Minor selling between 5620-5650.
3- Break down of sideways trading range(5583-5777) after Indian Rupee weakening and sudden sharp fall of European markets on 16-11-2012
5- Previous 7 sessions trading between 5549-5650.

Conclusions from 7 Sessions intra day chart analysis 

8 Points gap down on 15-11-2012 and after that new sideways trading range low formation at 5548.35 on 20-11-2012 but good lower levels consolidations between 5549-5606 in 4 sessions of previous week. Although minor selling at higher levels but lower levels good consolidation also therefore up moves are expected. As selling between 5620-5650 also therefore follow up consolidation is also required for sustaining above 5650.

Nifty-Intra Day Chart (23-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves from 11:00AM after Parliament adjournment on FDI despite first hour consolidation.
2- Consolidation between 5594-5606.
3- Whole day consolidation pattern formations.
4- Whole day actual trading between 5594-5636.

Conclusions from intra day chart analysis 

As whole day intraday consolidation patterns and lower levels supports also after negative news Parliament adjournment on FDI therefore up moves are expected in the beginning of next week.

Conclusions (After Putting All Studies Together)

As on going Wave-4 correction completion possibility after time wise correction completion therefore it is also possible that Wave-4 may not show deeper correction. Bullish Flag formation developed also in last 41 sessions correction and strong Wave-5 rally will be seen after on going Wave-4 correction completion.

Immediate supports are as follows:-

1- 5581-5606.
2- 5549-5566. 

As good intraday consolidation seen last Friday therefore expected that firstly up moves will be seen in the beginning of next week and Nifty will counter following next resistances:-

1- 5620-5650(Immediate resistance)
2- 5652-5660(Gap created on 15-11-2012) 
3- 5672-5705.
4- 5700-5720/5733/5777/5815(Multiple Resistances)

As multiple resistances above last Friday closing(5,626.60) therefore market require complete consolidation for any up move and will take its own complete time to cross and sustain above Wave-3 top(5815) but Bullish Flag formation in last 41 sessions Wave-4 correction therefore finally Wave-5 strong and blasting up moves will be seen without much deeper correction. 

FII & DII trading activity in Capital Market Segment on 23-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 23-Nov-2012 1736.16 1369.79 366.37

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Nov-2012 532.64 716.91 -184.27

Indian Stock Markets Closing Reports(23-Nov-2012)

Main features of today trading are as follows

1- Benchmark Indices flat.
2- All the Indices closed with marginal gains or loss.
3- Bullish Hammer Candle formation.

Ratios

Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(23-Nov-2012): 17.60

Advances & Declines

BSE Advances : 1,291
BSE Declines : 1,522
NSE Advances :   624
NSE Declines :   790

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -52,150(-3.31%)
Nifty- 5400 PE(Nov)- -45,500(-0.62%)

Nifty- 5500 CE(Nov)- -165,150(-10.21%)
Nifty- 5500 PE(Nov)- -518,650(-5.67%)

Nifty- 5600 CE(Nov)- -96,350(-1.99%)
Nifty- 5600 PE(Nov)- -589,100(-7.16%)

Nifty- 5700 CE(Nov)-  973,500(12.01%)
Nifty- 5700 PE(Nov)- -278,500(-7.04%)

Closing 

Sensex- closed at 18,506.57(-10.77 Points & -0.06%)
Nifty- closed at 5,626.60(-1.15 Points & -0.02%)
CNX Midcap - closed at 7,787.25(1.80 Points & 0.02%)
CNX Smallcap- closed at 3,492.05(9.30 Points & 0.27%)

Nifty Spot-Levels & Trading Strategy for 26-11-2012

Nifty Spot-Levels

R3 5688

R2 5662

R1 5644

PIVOT 5618

S1 5600

S2 5574

S3 5556

Nifty Spot-Trading Strategy

H6 5670     Trgt 2 

H5 5660     Trgt 1

H4 5650     Long breakout 

H3 5638     Go Short 

H2 5634

H1 5630

L1 5621

L2 5617

L3 5613     Long 

L4 5601     Short Breakout 

L5 5591     Trgt 1 

L6 5581     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 26-11-2012

Nifty(Nov Fut)-Levels

R3 5704

R2 5675

R1 5654

PIVOT 5625

S1 5604

S2 5575

S3 5554

Nifty(Nov Fut)-Trading Strategy

H6 5683     Trgt 2 

H5 5671     Trgt 1

H4 5660     Long breakout 

H3 5646     Go Short 

H2 5642

H1 5637

L1 5628

L2 5623

L3 5619     Long 

L4 5605     Short Breakout 

L5 5594     Trgt 1 

L6 5582     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 26-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11734

R2 11657

R1 11576

PIVOT 11499

S1 11418

S2 11341

S3 11260

Bank Nifty(Nov Fut)-Trading Strategy

H6 11655     Trgt 2 

H5 11618     Trgt 1

H4 11582     Long breakout 

H3 11539     Go Short 

H2 11524

H1 11510

L1 11481

L2 11467

L3 11452     Long 

L4 11409     Short Breakout 

L5 11373     Trgt 1 

L6 11336     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Nov26 to Nov 30,2012)

Nifty Spot-Weekly Levels

R3 5758

R2 5700

R1 5663

PIVOT 5605

S1 5568

S2 5510

S3 5473

Nifty Spot-Weekly Trading Strategy 

H6 5722     Trgt 2 

H5 5700     Trgt 1

H4 5678     Long breakout 

H3 5652     Go Short 

H2 5643

H1 5634

L1 5617

L2 5608

L3 5599     Long 

L4 5573     Short Breakout 

L5 5551     Trgt 1 

L6 5529     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov26 to Nov 30,2012)

Bank Nifty Spot-Weekly Levels

R3 11927
R2 11749
R1 11612
PIVOT 11434
S1 11297
S2 11119
S3 10982

Bank Nifty Spot-Weekly Trading Strategy 

H6 11796     Trgt 2
H5 11722     Trgt 1
H4 11648     Long breakout
H3 11561     Go Short
H2 11532
H1 11503
L1 11446
L2 11417
L3 11388     Long
L4 11301     Short Breakout
L5 11227     Trgt 1
L6 11153     Trgt 2

Pre-Closing Outlook(23-11-2012)

As negative news of Parliament adjournment after uproar on FDI therefore slipping below resistance range(5620-5650) and getting support also within immediate next support range(5581-5602). Today down moves are negative news based and without selling patterns therefore breaking down of next support(5581) is must for next down trend confirmation.

1st hour trading between 5621-5633 with intraday consolidation patterns today and this trading range is within next resistance range(5620-5650) therefore next up moves strong indication will be above 5650.

Tight range bound market with immediate supports(5581-5602) and resistances(5620-5650) therefore until 5581-5650 will not decisively break till then next Short Term Trend will not be considered.

Mid-session Outlook-3(23-11-2012)

As both houses of Parliament adjourned after uproar and sentiment weakened therefore down moves seen immediately after adjournment announcement. Nifty got support above 5609 yesterday therefore it was next support and Nifty is trading just below it for the last 1 hour.

Technical positions reverses according to news flow therefore more down moves and testing of supports below 5600 can not be ruled.

Mid-session Outlook-2(23-11-2012)

Lok Sabha adjourned till Monday after uproar and sentiment dampened therefore Indian markets also slipped from intraday higher levels. Consolidation was seen between 5609-5619 yesterday and breaking it down will mean failure to cross resistance and will be fresh down moves confirmation

Mid-session Outlook(23-11-2012)

Nifty traded 1st hour between 5621-5633 with intraday consolidation patterns today and it is first signal of next up moves also. As next short term up moves confirmation will be after break out of present trading resistance range(5620-5650) therefore its break out has to be firstly watched.

Post-open Outlook(23-11-2012)

Consolidation patterns formations in first hour today.

Pre-open Outlook(23-11-2012)

All the Asian markets are positive with marginal gains therefore sentiment is  quiet today morning. As lower levels supports and higher levels mixed patterns were seen within next resistance range(5620-5650) yesterday therefore Indian markets are not prepared for any side decisive moves and will firstly trade within this range after flat to positive opening today.

Tight range bound market with immediate supports and resistances therefore next moves can be decided after watching of day to day intraday moves and valid break out of any crucial range.Let follow up buying/selling develop and break out of mentioned resistance range happen then strength of Indian markets will be clear because that will be strengthening or weakening  of resistances also.

Detailed analysis has already been updated in following topic yesterday:-

Technical Analysis and Market Outlook(23-11-2012)