Bank Nifty(Sep Fut)-Levels & Trading Strategy for 09-09-2011

Bank Nifty(Sep Fut)-Levels

R3 10190
R2 10059
R1 9983
Avg 9852
S1 9776
S2 9645
S3 9569

Bank Nifty(Sep Fut)-Trading Strategy

H6 10118     Trgt 2
H5 10070     Trgt 1
H4 10021     Long breakout
H3 9964      Go Short
H2 9945
H1 9926
L1 9889
L2 9870
L3 9851      Long
L4 9794      Short Breakout
L5 9745      Trgt 1
L6 9697      Trgt 2

Mid-session Outlook-4(08-09-2011)

It was told again and again that Indian markets are not mature for any side decisive moves and will firstly prepare for next moves within yesterday trading range. As was told same was seen and Nifty traded first 4 hours within yesterday range trading. Consolidation and intra day supports were also told 3 times in following lines during today market hours:-

Intraday support seen at lower levels and intraday patterns also showing consolidations.

As market could not sustained at higher levels therefore following possibility was also told 2 times for precaution:-

profit booking possibility also can not be ruled out between 5132-5139.

Following conclusive lines  were told in Technical Analysis,Researches & Market Outlook(08-09-2011)

Pull Back rally is on and more up moves are demand of on going rally therefore expected that follow up buying will be seen in the coming sessions and markets will move up.

Supports,consolidations and up moves were told again and again and Indian markets moved up finally and crossed yesterday range. Rally is very much continued accoring to our expectations and more up moves will be seen.

Mid-session Outlook-3(08-09-2011)

It was told again and again that Indian markets are not mature for any side decisive moves and will firstly prepare for next moves within yesterday trading range. As was told 100% same happened and Nifty is trading between mentioned ranges  for the last 4 hours. 

Intraday support seen at lower levels and intraday patterns also showing consolidations but market could not susaineand higher level and profit booking possibility also can not be ruled out between 5132-5139.

As intraday signals are mixed at this moment therefore next moves and trend confirmation crucial ranges should be kept in mind which have already been posted in previous outlooks.

Mid-session Outlook-2(08-09-2011)

Lower levels minor support but not sustaining at higher levels also and profit booking possibility also can not be ruled out between 5132-5139. Following ranges should be kept in mind for deciding next moves;-

1- For next moves first indication- 5098-5140
2- For next moves confirmation- 5085-5153.

Mid-session Outlook(08-09-2011)

Following first trading range for next moves preparation was given in today Pre-open Outlook:-

Nifty will firstly trade and prepare for next moves between 5110-5140

Nifty traded most of the time and prepared for next moves within above mentioned range with first 2 hours high low of 5098.25-5140.70.

First two hours today intraday charts are showing intraday minor support signals at lower levels and consolidation patterns also developed. Crossing 5140 will be first indication and sustaining above 5153 will be next up moves confirmation.

Market and not riped for any side decisive moves and preparing for next moves between 5098-5140 today. Let this process complete then trending market will be seen.

Pre-open Outlook(08-09-2011)

Technical Analysis,Research of EOD,Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained yesterday in following topics with 1 Chart therefore not being repeated:-

Technical Analysis,Researches & Market Outlook(08-09-2011)

Market always moves on its own technicals therefore when DOW Jones was more than 200 points down on 06-09-2011 then we told for yesterday Bullish markets and Indian markets closed more than 1% up. When DOW Jones was more than 200 points up yesterday then we did not told for today Bull markets in above mentioned topic and repeated same views of follow up  Buying/Selling which we had already been expressed in Pre-Closing Outlook(07-09-2011) also.

Higher levels Buying and lower levels selling yesterday therefore range bound market between yesterday trading range(5085-5153) will be seen and Indian markets will prepare for next decisive moves between this range today as well as this range break out will be next moves confirmation.

Nifty will firstly trade and prepare for next moves between 5110-5140 after flat to positive opening and break out of this range will give next moves first indication. Next moves confirmation will be sustaining beyond 5085-5153.

Technical Analysis,Researches & Market Outlook(08-09-2011)

Nifty-Intra Day Chart(07-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation(Support) between 5085-5113
2- Up moves in Rising Channel which was broken down in last 45 minutes.
3- Minor Head & Shoulder formation in last 2 hours between 5140-5153.
4- Falling trend line(1st support near 5115)
5- Slow up moves within next crucial Resistance range(5120-5220)
6- Whole day trading between 5085-5153.

Conclusions from today intraday chart

Slow up moves in Rising Channel were seen today but minor selling pattern of Head and Shoulders developed in last 2 hours between 5140-5153 therefore whole day Rising Channel broken down in last 45 minutes and Nifty closed below it also.

Resistances are as follows;-

1- Today selling between 5140-5153
2- Crucial Resistance range(5120-5220)


Only upmoves and continuation of Pull Back Rally was told in all the 5 outlooks which were posted for today market and never told only a single word for down moves. Positive market was told also immediately after Delhi Bomb blast news and up moves seen after that heart breaking incident. Pull Back rally is on but Indian markets are not mature for any side sustained moves today because:-

1- Selling formation and small HNS formation at higher levels today between crucial Resistance range(5120-5220) therefore complete consolidation is must for any up move from today highs. 


2- Pull back rally is on and today 2 hours selling is not sufficient for down moves views formation. Complete selling is also required for moving below today support range(5085-5113)

Conclusions

Lower levels consolidations(5085-5113) and higher levels selling(5140-5153) between today trading range(5085-5153) therefore Indian markets will firstly prepare for next moves and follow up  Buying/Selling in the coming sessions will give next moves indications.

Pull Back rally is on and more up moves are demand of on going rally therefore expected that follow up buying will be seen in the coming sessions and markets will move up. As selling at higher levels today therefore confirmation is required after sustaining above 5113.

FII Trading Data in Derivatives Segment on 07-Sep-2011

FII & DII trading activity in Capital Market Segment on 07-Sep-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 07-Sep-2011 3049.63 2787.2 262.43

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Sep-2011 1224.7 1305.51 -80.81

Indian Stock Markets Closing Reports(07-Sep-2011)

Main features of today trading are as follows

1- White Candle.
2- All the Indices closed in Green except FMCG.
3- Up moves in Rising Channel.

Ratios

Nifty Put Call Ratio: 1.05
Nifty P/E Ratio(07-Sep-2011): 18.50

Advances & Declines

BSE ADVANCES : 1949
BSE DECLINES : 922
NSE ADVANCES : 1100
NSE DECLINES : 341

Nifty Open Interest Changed Today

Nifty- 5000 CE(Sep)- -410650(-7.23%)
Nifty- 5000 PE(Sep)- +880950(+14.77%)

Nifty- 5100 CE(Sep)- +311500(+6.77%)
Nifty- 5100 PE(Sep)- +919650(+42.36%)

Nifty- 5200 CE(Sep)- +135300(+2.44%)
Nifty- 5200 PE(Sep)- +274250(+27.44%)

Closing 

Nifty- closed at 5,124.65(+60.35 Points & +1.19%)
Sensex- closed at 17,065.00(+202.19 Points & +1.20% )
CNX MIDCAP - closed at 7,508.00(+110.10 Points & +1.49%)
BSE SMALL CAP- closed at 7,307.02(+109.78 Points & +1.53%)

Pre-Closing Outlook(07-09-2011)

Following lines were told for today up moves which proved 100% accurate during trading hours today and slow up moves seen today:-

Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow up moves may be seen between this range.

Nifty-Intra Day Chart upto 02:48PM(07-Sep-2011):-

Just click on chart for its enlarged view

Slow up moves and Complete consolidation demand was told and same is clear from above intraday chart of Nifty. As complete consolidation not seen therefore market slipped .

Selling formation and small HNS formation seen at higher levels today but it is not sufficient for next moves confirmation. Market is not mature for any side sustained move today and tomorrow follow up Buying/Selling will give next moves indications and confirmations.

Mid-session Outlook(07-09-2011)

Continuation of Pull Back rally was told 11:27:00 PM yesterday also also following conclusive line was updated in Pre-open Outlook today:-

Finally continuation of rally and up moves are expected after initial consolidations.

As was told 100% same happened and Indian markets moved up after first hour consolidation

Bearish views were not updated even after Delhi blast and positive market was told in that grim situation also. Upmoves remained continued after blast new top of the rally formed also today.
.
Cotinuation of Pull Back rally expected after minor intraday corrections.

Blasts in Delhi near High Court

Market is positive but voltality may be seen.

Pre-open Outlook(07-09-2011)

When Dow Jones was trading more than 200 points down yesterday then following bullish views were expressed in Nifty-Micro Analysis of Intra Day Chart For 07-09-2011:-

Indian markets out performed Global markets in last 3 sessions and continuation of rally also expected in the coming sessions

US markets sufficiently recovered from lower levels yesterday therefore sentiment improved and all the Asian markets are positive today morning. Positive zone trading will be seen after Green opening and continuation of rally expected but mixed intraday patterns seen between 5054-5072 yesterday therefore voltality may be seen in the beginning of trading and sustaining above 5072 will be next up moves confirmation.

Next Resistance is between 4120-5220 therefore complete consolidation is required between this range for crossing 5220 and slow upmoves may be seen between this range. Crossing 5220 will mean worst is over and sharp upmoves will be seen above it.

Expected that Nifty will firstly trade between 5065-5110 and this range break out will be next moves confirmation. Finally continuation of rally and up moves are expected after initial consolidations.

Nifty-Micro Analysis of Intra Day Chart For 07-09-2011

Nifty-Intra Day Chart(06-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4945-4966
2- Mixed Patterns between 5054-5072
3- Whole day trading between 4945-5072

Conclusions

Pull Back rally started on 26-08-2011 from 4720 and its correction begun from 5114. Short term correction remained continued for 4 days and Nifty crossed all the resistances of the rally as well as closed at the top of rally today.

Although Indian markets out performed Global markets in last 3 sessions and continuation of rally also expected in the coming sessions but sustaining above 5072 will be watched firstly for next up moves confirmations because mixed patterns between 5054-5072 in last 50 minutes today.

FII Trading Data in Derivatives Segment on 06-Sep-2011

FII & DII trading activity in Capital Market Segment on 06-Sep-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Sep-2011 3629.92 3198.44 431.48

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Sep-2011 862.48 1277.65 -415.17

Indian Stock Markets Closing Reports(06-Sep-2011)

Main features of today trading are as follows

1- Long White Candle.
2- Green Closing.
3- Strong recovery from lower levels.

Ratios

Nifty Put Call Ratio: 1.14
Nifty P/E Ratio(06-Sep-2011): 18.28

Advances & Declines

BSE ADVANCES : 1622
BSE DECLINES : 1199
NSE ADVANCES : 873
NSE DECLINES : 547

Nifty Open Interest Changed Today

Nifty- 4900 CE(Sep)- +12050(+0.37%)
Nifty- 4900 PE(Sep)- +578700(+10.59%)

Nifty- 5000 CE(Sep)- +252450(+4.63%)
Nifty- 5000 PE(Sep)- +399800(+7.10%)

Nifty- 5100 CE(Sep)- +421000(+9.28%)
Nifty- 5100 PE(Sep)- +289850(+15.45%)

Closing 

Nifty- closed at 5,064.30(+47.10 Points & +0.94%)
Sensex- closed at 16,862.81(+149.48 Points & +0.89% )
CNX MIDCAP - closed at 7,397.90(+20.70 Points & +0.28%)
BSE SMALL CAP- closed at 7,197.24(+50.79 Points & +0.71%)

Pre-Closing Outlook(06-09-2011)

Last Resistance of previous 4 sessions has been crossed and on going Pull Back rally is continued.

Following line proved 100% true which was told  today in Pull Back Rally is on amid Crashing Global Markets;-

 As Good buying between 4929-5026 during last 3 sessions therefore finally upmoves and continuation of Pull Back Rally expected

Mid-session Outlook-2(06-09-2011)

Only Bullish views were posted in this Blog for today despite crashing Global markets. We were cautious for safety because Global markets were crashing and US Futures were more than 2.5% down.

As soon as intraday support developed then it was updated also in Mid-session Outlook and following lines were told:-

"Final conclusion from today markets that Indian markets could not test last 3 sessions low(4929) and lower levels supports are safe because lower levels consolidation also seen between 4945-4966 today"

Nifty crossed 5029 and tested last 3 sessions resistance range(5037-5064) today. Following conclusive line should be kept in mind which was told in Pull Back Rally is on amid Crashing Global Markets:-

Pull Back rally is continued from 4720 and its correction is on between 4929-5064 for the last 3 sessions. As Good buying between 4929-5026 during last 3 sessions therefore finally upmoves and continuation of Pull Back Rally expected but caution is must for the only reason given above.

Mid-session Outlook(06-09-2011)

Indian markets are dancing on volatile Global Cues. Dow's Futures was 287 points down and Indian markets slipped but as soon as Dow's Futures recovered to -210 points then Indian markets surged.

Nifty also slipped but could not sustain below yesterday low of 4966 and last 3 sessions low of 4929 is also not tested. I am again and again telling for global markets influence on Indian markets moves and today voltality is due to Global markets only.

Final conclusion from today markets that Indian markets could not test last 3 sessions low(4929) and lower levels supports are safe because lower levels consolidation also seen between 4945-4966 today.  

Global cues led volatile markets and technical positions shift fast during such markets therefore next decisive moves will get confirmation through sustaining beyond crucial range of 4929-5064.