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

Nifty-Intra Day Chart (22-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly down moves in falling Channel.
2- Consolidation between 5609-5619
3- Mixed Patterns between 632-5642
4- Whole day actual trading between 5609-5642

Conclusions from intra day chart analysis 

Nifty traded most time between next resistance range(5620-5650) with intraday consolidation patterns as well as got support also below it today but last more than 1 hour intraday mixed patterns at higher levels therefore follow up consolidation is required for crossing of resistance range(above 5650).

Nifty traded more than 5 hours above 5583 yesterday and today also whole day trading above it therefore sideways market has been extended into 40 sessions within 5549-5815. Supports and resistances between 40 sessions range are as follows:-

1- Supports between 5549-5566.
2- Supports between 5581-5602. 
3- Resistances between 5620-5650.
4- Resistances between 5672-5705.
5- Multiple Resistances between 5700-5720/5733/5777/5815

Sufficient and almost equally strong supports and resistances between 40 sessions range(5549-5815). Coming sessions will witness trading within this range and it is confirm that huge more than 10% moves will be seen after sustaining beyond this range. Let Nifty sustain beyond 5549-5815 then next trending moves should be considered and until Nifty is trading within this range till then targets should remain within this range and above mentioned next supports/resistances should also be kept in mind.

Today lower levels confirm consolidation but market is not mature for any side break out. Follow up buying and crossing of next resistances is also required for any decisive up move.

FII Trading Data in Derivatives Segment on 22-Nov-2012

FII & DII trading activity in Capital Market Segment on 22-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 22-Nov-2012 1577.55 1462.79 114.76

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Nov-2012 674.13 838.13 -164

Indian Stock Markets Closing Reports(22-Nov-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green with marginal gains.

2- All the Indices closed in Green except CNX AUTO,CNX ENERGY and CNX PSE.

3- Doji Candle formation.

Ratios

Nifty Put Call Ratio: 1.00

Nifty P/E Ratio(22-Nov-2012): 17.61

Advances & Declines

BSE Advances : 1,424

BSE Declines : 1,412 

NSE Advances :   880

NSE Declines :   795 

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -8,750(-0.55%) 

Nifty- 5400 PE(Nov)- -728,200(-9.05%)

Nifty- 5500 CE(Nov)- -139,550(-7.94%)

Nifty- 5500 PE(Nov)-  431,700(4.95%)

Nifty- 5600 CE(Nov)- -108,700(-2.19%)

Nifty- 5600 PE(Nov)-  1,179,750(16.75%)

Nifty- 5700 CE(Nov)- -32,450(-0.40%)

Nifty- 5700 PE(Nov)-  491,700(14.20%)

Closing 

Sensex- closed at 18,517.34(56.96 Points & 0.31%)

Nifty- closed at  5,627.75(12.95 Points & 0.23%)

CNX Midcap - closed at 7,785.45(28.80 Points & 0.37%)

CNX Smallcap- closed at 3,482.75(12.40 Points & 0.36%)

Nifty Spot-Levels & Trading Strategy for 23-11-2012

Nifty Spot-Levels

R3 5679

R2 5661

R1 5644

Avg 5626

S1 5609

S2 5591

S3 5574

Nifty Spot-Trading Strategy

H6 5662     Trgt 2 

H5 5654     Trgt 1

H4 5646     Long breakout 

H3 5636     Go Short 

H2 5633

H1 5630

L1 5623

L2 5620

L3 5617     Long 

L4 5607     Short Breakout 

L5 5599     Trgt 1 

L6 5591     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 23-11-2012

Nifty(Nov Fut)-Levels

R3 5703

R2 5680

R1 5660

Avg 5637

S1 5617

S2 5594

S3 5574

Nifty(Nov Fut)-Trading Strategy

H6 5683     Trgt 2 

H5 5673     Trgt 1

H4 5663     Long breakout 

H3 5651     Go Short 

H2 5647

H1 5643

L1 5636

L2 5632

L3 5628     Long 

L4 5616     Short Breakout 

L5 5606     Trgt 1 

L6 5596     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 23-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11697
R2 11648
R1 11597
Avg 11548
S1 11497
S2 11448
S3 11397

Bank Nifty(Nov Fut)-Trading Strategy

H6 11647     Trgt 2
H5 11624     Trgt 1
H4 11602     Long breakout
H3 11574     Go Short
H2 11565
H1 11556
L1 11537
L2 11528
L3 11519     Long
L4 11492     Short Breakout
L5 11469     Trgt 1
L6 11446     Trgt 2

Mid-session Outlook(22-11-2012)

Nifty traded more than 5 hours above 5583 yesterday and today also more than 2 hours trading above it therefore Sideways market has been extended into 40 sesion within 5549-5815. Supports and resistances between 40 sessions range are as follows:-

1- Supports between 5581-5602.
2- Supports between 5549-5566. 
3- Resistances between 5620-5650.
4- Resistances between 5672-5705.
5- Multiple Resistances between 5700-5720/5733/5777/5815

As previous 3 sessions consolidation therefore positive moves were expected and were seen also today but trading is between immediate next resistance range(5620-5650) and market slipped from intraday higher levels. As today intraday charts are showing consolidation indication therefore today down moves may be a part of intraday consolidation within resistance range and up moves continuation hopes are alive but break out of mentioned resistance range(5620-5650) should be firstly watched to understand strength of ongoing short term up move.

Technical Analysis and Market Outlook(22-11-2012)

Nifty-Intra Day Chart (21-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5581-5602
2- Whole day actual trading between 5560-5620

Conclusions from intra day chart analysis

36 Sessions trading range(5583-5815) broken down on 16-11-2012 but its validity confirmation was required through sustaining below 5583. As moves below 5583 were not forceful therefore follow up selling below it was must but Indian markets got supports and consolidated on 19-11-2012. As soon as Indian markets got support and started consolidation then it was updated on 19-11-2012 and following lines were told:-

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"

Resultant up moves with intraday consolidation between 5581-5602 and closing above 5583 was seen yesterday as well as broken down on 16-11-2012 proved false. Indian markets are not trending and sideways for the last 2 months therefore now up moves will be seen within mentioned 36 Sessions trading range. As multiple and strong resistances therefore upmoves will be slow and after complete consolidation.

FII Trading Data in Derivatives Segment on 21-Nov-2012

FII & DII trading activity in Capital Market Segment on 21-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 21-Nov-2012 2070.57 1887.98 182.59

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Nov-2012 756.42 889.5 -133.08

Indian Stock Markets Closing Reports(21-Nov-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except CNX AUTO and CNX PSE.
2- Whole day up moves after almost flat opening.
3- White Candle formation.

Ratios

Nifty Put Call Ratio: 1.05
Nifty P/E Ratio(21-Nov-2012): 17.56

Advances & Declines

BSE Advances : 1,478
BSE Declines : 1,381
NSE Advances :   845
NSE Declines :   818

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -17,800(-1.11%)
Nifty- 5400 PE(Nov)-  529,300(7.04%)

Nifty- 5500 CE(Nov)- -9,500(-0.54%)
Nifty- 5500 PE(Nov)-  1,725,100(24.66%)

Nifty- 5600 CE(Nov)- -481,950(-8.85%)
Nifty- 5600 PE(Nov)-  1,255,900(21.69%)

Nifty- 5700 CE(Nov)- -127,050(-1.54%)
Nifty- 5700 PE(Nov)- -41,200(-1.18%)

Closing 

Sensex- closed at 18,460.38(131.06 Points & 0.72%)
Nifty- closed at 5,614.80(43.25 Points & 0.78%)
CNX Midcap - closed at 7,756.65(42.85 Points & 0.56%)
CNX Smallcap- closed at 3,470.35(15.55 Points & 0.45%)

Nifty Spot-Levels & Trading Strategy for 22-11-2012

Nifty Spot-Levels

R3 5694
R2 5657
R1 5635
Avg 5598
S1 5576
S2 5539
S3 5517

Nifty Spot-Trading Strategy

H6 5673     Trgt 2
H5 5660     Trgt 1
H4 5646     Long breakout
H3 5630     Go Short
H2 5624
H1 5619
L1 5608
L2 5603
L3 5597     Long
L4 5581     Short Breakout
L5 5568     Trgt 1
L6 5554     Trgt 2

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

Nifty(Nov Fut)-Levels

R3 5702
R2 5665
R1 5643
Avg 5606
S1 5584
S2 5547
S3 5525

Nifty(Nov Fut)-Trading Strategy

H6 5681     Trgt 2
H5 5668     Trgt 1
H4 5654     Long breakout
H3 5638     Go Short
H2 5632
H1 5627
L1 5616
L2 5611
L3 5605     Long
L4 5589     Short Breakout
L5 5576     Trgt 1
L6 5562     Trgt 2

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