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Blasting Moves cooking in 23 Sessions

Technical Analysis,Research & Weekly Outlook

(Oct 29 to Nov 02,2012)

Nifty-EOD Chart (26-Oct-2012):-

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Technical Patterns and Formations in EOD charts

1- 4770.35 on 04-06-2012(Wave-2 completion and Wave-3 beginning)
2- 5348.55 on 10-07-2012(Sub Wave-1 of Wave-3)
3- 5032.40 on 26-07-2012(Sub Wave-2 of Wave-3)
4- 5448.40 on 23-08-2012(Sub Wave-3 of Wave-3)
5- 5215.70 on 05-09-2012(Sub Wave-4 of Wave-3)
6- Sub Wave-5 of Wave-3 completion at 5815.35 on 05-10-2012
7- 14 Sessions sideways correction between 5639-5733.
8- 23 Sessions most time trading between 5639-5733.
9- Previous 3 corrective weeks.
10- Previous 2 weeks Doji Candle formation.
11- 23 Sessions sideways market between 5639-5756.

Conclusions from EOD chart analysis

Sub Wave-5 of Wave-3 completed at 5815.35 on 05-10-2012 and after that its correction begun in sideways trading mode. 14 Sessions correction between 5639-5733 and also last 23 sessions trading within this range.

As technical positions of last 14 sideways sessions has to be understood for deciding length of correction and next trend after completion of correction therefore Micro-Analysis of corrective 14 sessions intraday Charts of Nifty is as follows:-

Nifty-Micro Analysis of corrective 14 Sessions Intra Day Chart

(Oct 08 to Oct 26,2012)

Nifty-Intra Day Chart (Oct 08 to Oct 26,2012):-

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Technical Patterns and Formations in last 14 Sessions intraday charts

1- 14 Corrective sessions resistance at 5733.
2- Selling between 5700-5733.
3- 14 Corrective sessions support at 5639.
4- Buying between 5639-5675.
5- 14 Previous sessions sideways trading 5639-5733.

Conclusions from 14 Sessions intra day chart analysis

14 Sessions sideways corrcetion between 5639-5733 after Sub Wave-5 of Wave-3 completion with higher levels good selling between 5700-5733 and equally good buying also at lower levels between 5639-5675.

Conclusions (After Putting All Studies Together)

23 sessions sideways trading between 5639-5733 and finally sustaining beyond this range will decide next big following trends:-

1- Above 5733 will mean high possibility Nifty above 6000.
2- Below 5639 will mean firstly deeper correction of previous Sub Wave-5 rally of 600 Nifty points. As Wave-3 correction after completion of Sub Wave-5 therefore 'ABC' correction of whole Wave-3 up moves(1045 Nifty points).

As both higher levels good selling and lower levels strong supports in last 23 sessions between 5639-5733 therefore technically Indian markets are not prepared for any side decisive move and will firstly prepare for next trend in the beginning of next week within 5639-5733. Market takes its own time to take positions and let this process complete and technical formations emerge in intraday charts then break out direction will be understood and projected in the coming sessions.

Forceful break out or sustaining beyond 5639-5733 will blast open the gates of those next big moves which are being cooked in last 23 sessions.

FII Trading Data in Derivatives Segment on 26-Oct-2012

FII & DII trading activity in Capital Market Segment on 26-Oct-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-Oct-2012	1612.59	1811.43	-198.84

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	26-Oct-2012	854.24	944.17	-89.93

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

Main features of today trading are as follows

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

2- Weaker Global cues led intraday fall.

3- Black Candle formation.

Ratios

Nifty Put Call Ratio: 0.96

Nifty P/E Ratio(26-Oct-2012): 17.77

Advances & Declines

BSE Advances : 1,024

BSE Declines : 1,167

NSE Advances : 587

NSE Declines : 1,167

Nifty Open Interest Changed Today

Nifty- 5500 CE(Nov)- -51,300(-6.23%)

Nifty- 5500 PE(Nov)- 446,450(15.84%)

Nifty- 5600 CE(Nov)- -74,750(-5.80%)

Nifty- 5600 PE(Nov)- 198,050(5.12%)

Nifty- 5700 CE(Nov)- 583,600(23.14%)

Nifty- 5700 PE(Nov)- 669,950(22.91%)

Nifty- 5800 CE(Nov)- 658,600(23.69%)

Nifty- 5800 PE(Nov)- -123,850(-6.82%)

Closing

Sensex- closed at 18,625.34(-133.29 Points & -0.71%)

Nifty- closed at 5,664.30(-41.00 Points & -0.72%)

CNX Midcap - closed at 7,790.50(-91.75 Points &-1.16 %)

CNX Smallcap- closed at 3,443.70(-46.55 Points &-1.33 %)

Nifty Spot-Levels & Trading Strategy for 29-10-2012

Nifty Spot-Levels

R3 5749
R2 5723
R1 5693
Avg 5667
S1 5637
S2 5611
S3 5581

Nifty Spot-Trading Strategy

H6 5720 Trgt 2
H5 5707 Trgt 1
H4 5694 Long breakout
H3 5679 Go Short
H2 5674
H1 5669
L1 5658
L2 5653
L3 5648 Long
L4 5633 Short Breakout
L5 5620 Trgt 1
L6 5607 Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 29-10-2012

Nifty(Nov Fut)-Levels

R3 5780
R2 5753
R1 5726
Avg 5699
S1 5672
S2 5645
S3 5618

Nifty(Nov Fut)-Trading Strategy

H6 5753 Trgt 2
H5 5740 Trgt 1
H4 5728 Long breakout
H3 5713 Go Short
H2 5708
H1 5703
L1 5694
L2 5689
L3 5684 Long
L4 5669 Short Breakout
L5 5657 Trgt 1
L6 5644 Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 29-10-2012

Bank Nifty(Nov Fut)-Levels

R3 11833
R2 11765
R1 11675
Avg 11607
S1 11517
S2 11449
S3 11359

Bank Nifty(Nov Fut)-Trading Strategy

H6 11743 Trgt 2
H5 11707 Trgt 1
H4 11671 Long breakout
H3 11628 Go Short
H2 11613
H1 11599
L1 11570
L2 11556
L3 11541 Long
L4 11498 Short Breakout
L5 11462 Trgt 1
L6 11426 Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Oct 29 to Nov 02,2012)

Nifty Spot-Weekly Levels

R3 5790
R2 5756
R1 5710
Avg 5676
S1 5630
S2 5596
S3 5550

Nifty Spot-Weekly Trading Strategy

H6 5744 Trgt 2
H5 5726 Trgt 1
H4 5708 Long breakout
H3 5686 Go Short
H2 5678
H1 5671
L1 5656
L2 5649
L3 5642 Long
L4 5620 Short Breakout
L5 5601 Trgt 1
L6 5583 Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 29 to Nov 02,2012)

Bank Nifty Spot-Weekly Levels

R3 11875

R2 11766

R1 11637

Avg 11528

S1 11399

S2 11290

S3 11161

Bank Nifty Spot-Weekly Trading Strategy

H6 11748 Trgt 2

H5 11694 Trgt 1

H4 11639 Long breakout

H3 11574 Go Short

H2 11552

H1 11530

L1 11487

L2 11465

L3 11443 Long

L4 11378 Short Breakout

L5 11323 Trgt 1

L6 11269 Trgt 2

Pre-Closing Outlook(2610-2012)

Short Term Trend is sideways after 23 Sessions most time trading between 5639-5733 with higher levels good selling between 5692-5733 and lower levels good supports near 5639. As sentiment was subdued today morning due US Futures weak trading and Dow's Futures trading more than 100 points down therefore Indian markets also slipped but traded whole day within above mentioned 23 Sessions trading range as well as got support also at 5641.

Although Indian markets traded whole day in negative zone but intraday patterns are not showing selling pattern and today down moves are due to weaker global cues also.

Indian markets are still range bound between 5639-5733 with lower levels supports and higher levels selling,just get next trend confirmation through sustaining it beyond.

Mid-session Outlook-4(2610-2012)

All the Asian markets closed from 1.21% to 1.76% down and Dow's Futures is more than 100 points down therefore market sentiment is extremely weak today and forceful break down of 5664 seen as well as testing of next strong support(5639) is expected now.

Mid-session Outlook-3(2610-2012)

More than 3 hours trading between 5664-5680 with intraday supports and consolidation patterns but Dow's Futures is more than 100 points down at this moment and sentiment may dampen also therefore next moves confirmations will be after forceful break out of 5664-5680.

Mid-session Outlook-2(2610-2012)

Last 2 hours trading between 5664-5680 with intraday supports and consolidation patterns.

Mid-session Outlook(2610-2012)

As Dow Futures is more than 90 points down today therefore sentiment is weak and all the Asian markets are .75% to 1.50% down. Indian markets also responded global weakness with negative zone trading since opening today.

As Nifty traded more than 16 hours between 5687-5732 with higher levels selling in last 4 sessions therefore sustaining below 5687 and more down moves can not be ruled out.

Strong supports near 5639 and it is next hope for Bulls,sustaining it beyond has to watched for Intermediate term trend confirmation.

Blog will be updated after 11:00 AM today.

Pre-Closing Outlook(25-10-2012)

As sentiment improved because Dow's Futures was once 67 points up and Indian markets also moved up slowly but could not sustained at intraday higher levels as well as huge volatility seen after 02:30 PM today.

Range bound trading within 29 Nifty points between 5686-5715 but last hour highly volatile market which may be due to Oct Derivative expiry also.

Today is 22nd range bound trading sessions between 5639-5756. Higher levels selling and Lower levels buying is being told for the last 2 weeks and result is clear that Oct Derivative expiry is being seen within mentioned range near 5700.

it was positive US Futures news based led market today and also good volatility seen in last hour therefore technical reversal possibility can not be ruled out today. Indian markets are not prepared for any side decisive moves and will firstly prepare for that within 5639-5756 in the beginning of next week.

Mid-session Outlook-2 (25-10-2012)

US Futures are increasing since opening today and Dow's Futures is now more than 55 points up therefore sentiment improved and Asian markets recovered from lower levels as well as all the European markets are trading in Green.

Indian markets also moved up nicely from intraday lower levels and trading in positive zone but rally after correction completion confirmation will be after sustaining above 5756.

Mid-session Outlook(25-10-2012)

As US Futures are trading with sufficient gains therefore sentiment improved and most Asian markets are positive. Indian markets also in Green today morning but good resistances above 5700 and until Nifty will not sustaining above 5721/6733 till then any up move will not be considered.

Nifty is preparing for next big trend for the last 21 Sessions with most time trading between 5639-5733,both strong supports at lower levels and good selling at higher levels. Sustaining beyond above mentioned range will be next moves confirmation and has to watch.

Let final break out confirmation come from intraday charts final formations then will be immediately updated.

Next trend in the hands of 5639

Nifty-Intra Day Chart (Oct 19 to Oct 23,2012):-

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Technical Patterns and Formations in last 3 Sessions intraday charts

1- More than 10 hours trading with intraday selling patterns between 5692-5721 in last 3 sessions.
2- Closing below 5692 on 23-10-2012

Conclusions from 3 Sessions intra day chart analysis

Last 3 sessions Outlooks are live proofs of this fact that we started to tell about selling from 10:08 AM on 19-10-2012 and repeated again and again in the last 3 sessions Outlooks.

Short Term Trend is sideways after 21 Sessions most time trading between 5639-5733 with higher levels good selling between 5692-5733 therefore firstly down moves are expected in the coming session but good supports near 5639 also. Although testing of 5639 can not be ruled out but forceful break down or sustaining below 5639 is must for deeper correction.

As good selling between 5692-5721 in last 3 sessions therefore Nifty closed below 5692 today and more down are also expected towards 5639 in the coming sessions. Sustaining below 5639 will mean breaking down of 21 Sessions trading range. Strong supports near 5639 and let Nifty sustain below 5639 then its repercussions will be updated which has already been indicated also in following topic on 21-10-2012:-

Big Moves are Ripe after 19 Sideways Sessions