Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 12 to Nov 16,2012)

Bank Nifty Spot-Weekly Levels

R3 11980

R2 11849

R1 11662

Avg 11531

S1 11344

S2 11213

S3 11026

Bank Nifty Spot-Weekly Trading Strategy 

H6 11795     Trgt 2 

H5 11722     Trgt 1

H4 11649     Long breakout 

H3 11562     Go Short 

H2 11533

H1 11504

L1 11445

L2 11416

L3 11387     Long 

L4 11300     Short Breakout 

L5 11227     Trgt 1 

L6 11154     Trgt 2

Mid-session Outlook(09-11-2012)

As soon as intraday selling developed today then it was updated in Post-open Outlook(09-11-2012) When Nifty was trading near the higher levels of today. As intraday selling was seen above 5733 therefore confirmation filters levels were posted in most of the previous 3 sessions outlooks.

It has been proved that the break out on 07-11-2012 was not valid and now Nifty is once again between 32 sessions sideways following 2 trading ranges:-

1- 5639-5733(most time trading range and its break out will be first indication)
2- 5583-5777/5815(final confirmation)

Market takes its own time in sideways moves and next trend will be according to final break out of above ranges. Market is slipping after higher levels 3 sessions selling and following supports should be watched now:-

1- 5650-5683(Gap support of 02-11-2012)
2- 5583-5610

Post-open Outlook(09-11-2012)

Although most time positive zone trading in first 2 hours but intraday selling formations  at higher levels today.

Technical Analysis and Market Outlook(09-11-2012)

Nifty-Intra Day Chart (08-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling formations at higher levels.
2- Lower levels good support between 5716-5726.
3- Almost whole day hovering around 5733.
3- Whole day actual trading between 5716-5742.

Conclusions from intra day chart analysis 

Whole day 26 points quiet trading between 5716-5742 with lower levels supports and higher levels intraday selling patterns. 32 Previous sessions most time trading range is 5639-5733 and Nifty traded above 5733 on 07-11-2012 but could not sustain above it and today most time hovering around 5733 without any clear intraday pattern formation.

Sustaining beyond 5733 will prove the validity of break out on 07-11-2012 and it should be firstly watched tomorrow for following next trend confirmation:-

1- Sustaining above 5733 will be strong indication of next up trend but confirmation will be after sustaining above 5777/5815.
2- Below 5733 will mean slipping into 32 previous sessions most trading range(5639-5733).

FII Trading Data in Derivatives Segment on 08-Nov-2012

FII & DII trading activity in Capital Market Segment on 08-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 08-Nov-2012 2053.35 1792.14 261.21

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 08-Nov-2012 901.63 817.05 84.58

Indian Stock Markets Closing Reports(08-Nov-2012)

Main features of today trading are as follows

1- Benchmark Indices closed Red.
2- Quiet range bound trading whole day.
3- White Candle formation.

Ratios

Nifty Put Call Ratio: 0.83
Nifty P/E Ratio(08-Nov-2012): 17.97

Advances & Declines

BSE Advances : 1,340
BSE Declines : 1,494
NSE Advances :   642
NSE Declines :   811

Nifty Open Interest Changed Today

Nifty- 5500 CE(Nov)- -5,850(-0.76%)
Nifty- 5500 PE(Nov)- 286,800(5.15%)

Nifty- 5600 CE(Nov)- -170,950(-7.79%)
Nifty- 5600 PE(Nov)- -16,150(-0.23%)

Nifty- 5700 CE(Nov)- 599,700(17.30%)
Nifty- 5700 PE(Nov)- 257,050(3.73%)

Nifty- 5800 CE(Nov)- 661,350(11.45%)
Nifty- 5800 PE(Nov)- -93,900(-2.43%)

Nifty- 5900 CE(Nov)- 606,200(8.39%)
Nifty- 5900 PE(Nov)- -51,050(-4.25%)

Closing 

Sensex- closed at 18,846.26(-56.15 Points & -0.30%)
Nifty- closed at 5,738.75(-21.35 Points & -0.37%)
CNX Midcap - closed at 7,966.75(19.65 Points & 0.25%)
CNX Smallcap- closed at 3,497.55(-1.60 Points & -0.05%)

Nifty Spot-Levels & Trading Strategy for 09-11-2012

Nifty Spot-Levels

R3 5808
R2 5776
R1 5757
Avg 5725
S1 5706
S2 5674
S3 5655

Nifty Spot-Trading Strategy

H6 5789     Trgt 2
H5 5777     Trgt 1
H4 5766     Long breakout
H3 5752     Go Short
H2 5747
H1 5742
L1 5733
L2 5728
L3 5723     Long
L4 5709     Short Breakout
L5 5698     Trgt 1
L6 5686     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 09-11-2012

Nifty(Nov Fut)-Levels

R3 5816
R2 5796
R1 5780
Avg 5760
S1 5744
S2 5724
S3 5708

Nifty(Nov Fut)-Trading Strategy

H6 5801     Trgt 2
H5 5792     Trgt 1
H4 5784     Long breakout
H3 5774     Go Short
H2 5771
H1 5768
L1 5761
L2 5758
L3 5755     Long
L4 5745     Short Breakout
L5 5737     Trgt 1
L6 5728     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 09-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11849

R2 11787

R1 11735

Avg 11673

S1 11621

S2 11559

S3 11507

Bank Nifty(Nov Fut)-Trading Strategy

H6 11798     Trgt 2 

H5 11772     Trgt 1

H4 11746     Long breakout 

H3 11715     Go Short 

H2 11704

H1 11694

L1 11673

L2 11663

L3 11652     Long 

L4 11621     Short Breakout 

L5 11595     Trgt 1 

L6 11569     Trgt 2

Pre-Closing Outlook(08-11-2012)

Whole day 26 points quiet trading between 5716-5742 with lower levels supports but higher levels selling also. Sustaining beyond today trading range should be firstly watched tomorrow for next trend first indication beyond 31 sessions most trading range(5639-5733).

Mid-session Outlook(08-11-2012)

Last 4 hours trading between 5716-5742 with supports at lower levels. As could not sustain at intraday higher levels therefore today range break out will be watched for following next trend:-

1- Above 5733 will be emergence of next up trend hopes but subject to  confirmation through sustaining it above.
3- Below 5733 will mean slipping into  31 sessions most trading range(5639-5733)

Post-open Outlook(08-11-2012)

Minor Up moves after gap down opening and now trading near next trend decider(5733). As intraday selling seen above 5733 yesterday therefore fresh consolidation is required to sustain above yesterday highs(5777) and follow up selling today will mean re-entering into previous 31 sessions sideways trading range.

Let follow up moves develop and market prepare for next direction then forthcoming moves will be discussed according to intraday charts formations.

Technical Analysis and Market Outlook(08-11-2012)

Nifty-Intra Day Chart (07-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Last 4 hours trading between 5752-5777 with intraday selling patterns at higher levels between 5764-5777.
2- Whole day actual trading between 5711-5777.

Conclusions from intra day chart analysis 

Nifty traded most time between 5639-5733 in 30 previous seessions and this range broken out today after the victory news of President Obama but intraday selling was also seen at higher levels between 5764-5777 today. As intraday selling today therefore following lines were told in Pre-Closing Outlook today:-

"Sideways sessions trading range broken out today but its confirmation is still left,let it happen then next trend will be decided because intraday selling patterns also seen at higher levels today"

US markets did not welcomed Obama victory and now all Benchmark Indices are more than 2.5% down today, such weaker closing will mean possibility of negative Asian markets tomorrow and resultant Weak opening possibility in Indian markets.

Expected that Nifty will trade below 5733 tomorrow but 30 previous sessions range break out above 5733 today therefore firstly sustaining it beyond should be watched tomorrow for next trend confirmation.

FII Trading Data in Derivatives Segment on 07-Nov-2012

FII & DII trading activity in Capital Market Segment on 07-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 07-Nov-2012 2384.38 1655.93 728.45

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Nov-2012 1115.36 1312.31 -196.95

Indian Stock Markets Closing Reports(07-Nov-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except CNX ENERGY.

2- Up moves after Obama victory news but profit booking at higher levels also.

3- Break out of 30 sessions trading range and closing above.

4- White Candle formation.

Ratios

Nifty Put Call Ratio: 0.94

Nifty P/E Ratio(07-Nov-2012): 17.92

Advances & Declines

BSE Advances : 1,675

BSE Declines : 1,211 

NSE Advances :   885

NSE Declines :   542 

Nifty Open Interest Changed Today

Nifty- 5500 CE(Nov)- -72,600(-8.62%)

Nifty- 5500 PE(Nov)-  817,900(16.55%)

Nifty- 5600 CE(Nov)- -34,000(-1.52%)

Nifty- 5600 PE(Nov)-  206,600(2.86%)

Nifty- 5700 CE(Nov)- -407,550(-10.46%)

Nifty- 5700 PE(Nov)-  1,443,600(25.93%)

Nifty- 5800 CE(Nov)-  322,150(5.57%)

Nifty- 5800 PE(Nov)-  1,385,000(53.39%)

Nifty- 5900 CE(Nov)-  267,400(3.76%)

Nifty- 5900 PE(Nov)-  613,300(101.44%)

Closing 

Sensex- closed at 18,902.41(85.03 Points & 0.45%)

Nifty- closed at 5,760.10(35.70 Points & 0.62%)

CNX Midcap - closed at 7,947.10(77.95 Points & 0.99%)

CNX Smallcap- closed at 3,499.15(31.90 Points & 0.92%)

Nifty Spot-Levels & Trading Strategy for 08-11-2012

Nifty Spot-Levels

R3 5853

R2 5815

R1 5787

Avg 5749

S1 5721

S2 5683

S3 5655

Nifty Spot-Trading Strategy

H6 5826     Trgt 2 

H5 5811     Trgt 1

H4 5796     Long breakout 

H3 5778     Go Short 

H2 5772

H1 5766

L1 5753

L2 5747

L3 5741     Long 

L4 5723     Short Breakout 

L5 5708     Trgt 1 

L6 5693     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 08-11-2012

Nifty(Nov Fut)-Levels

R3 5902

R2 5860

R1 5826

Avg 5784

S1 5750

S2 5708

S3 5674

Nifty(Nov Fut)-Trading Strategy

H6 5869     Trgt 2 

H5 5852     Trgt 1

H4 5834     Long breakout 

H3 5813     Go Short 

H2 5806

H1 5799

L1 5786

L2 5779

L3 5772     Long 

L4 5751     Short Breakout 

L5 5733     Trgt 1 

L6 5716     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 08-11-2012

Bank Nifty(Nov Fut)-Levels

R3 12039

R2 11917

R1 11825

Avg 11703

S1 11611

S2 11489

S3 11397

Bank Nifty(Nov Fut)-Trading Strategy

H6 11950     Trgt 2 

H5 11901     Trgt 1

H4 11851     Long breakout 

H3 11792     Go Short 

H2 11773

H1 11753

L1 11714

L2 11694

L3 11675     Long 

L4 11616     Short Breakout 

L5 11566     Trgt 1 

L6 11517     Trgt 2

Pre-Closing Outlook(07-11-2012)

Last 4 hours trading between 5752-5777 with intraday selling patterns at higher levels therefore more consolidation is required tomorrow for sustaining above 5733/5777. 30 Sideways sessions trading range broken out today but its confirmation is still left,let it happen then next trend will be decided because intraday selling patterns also seen at higher levels today.