Rally is on after good support at 4839 last Friday

Technical Analysis,Research and Weekly Outlook (Nov 21 to Nov 25,2011))

Nifty-EOD Chart(18-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- March 2009 rally top at 6338 on 05-11-2010
2- Last one year correction in falling trend line
3- Nifty retraced 4 times from falling trend line in last one year
4- Pull Back Rally started in Oct 2011 from 4728 and its correction is on.
5- Nifty has corrected upto 4837.

Nifty-EOD Chart(18-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 61 Sessions range bound market between 4720-5229
2- Previously Nifty traded 54 sessions between 4720-5229.
3- Strong gap up 54 sessions break out was seen on 28-10-2011.
4- Nifty traded 8 sessions above 5229 but could not sustain above 5229 and reentered again within previous 54 sessions trading range.
5- Nifty again traded and closed in last 7 days between previous 54 sessions range.

Nifty-Intra Day Chart(18-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4839-4874
2- Last 40 minutes mixed Patterns between 4891-4908
3- Intraday consolidation patterns
4- Whole day trading between 4839-4908

Conclusions from intra day chart analysis 


Nifty traded whole day between 4839-4908 and following line was told in Pre-open Outlook(18-11-2011):-

"Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today" 

Nifty traded almost whole day within mentioned 1st support range and prepare for next moves.

Following line was told in Mid-session Outlook-2

"Lower levels support and intraday patterns are indicating consolidation formations"

Firstly more than 4 hours consolidation and after that up moves in last one hour and Nifty crossed as well as closed above 4900. Market got good support within mentioned 1st support range and necely consolidated as well therefore short term up moves possibilities are high. As last 40 minutes mixed Patterns between 4891-4908 therefore sustaining above 4900 should be firstly watched next Monday for short term up moves confirmations.


Conclusions (After putting all indicators together)

Falling trend line again proved fatal for Oct 2011 Pull Back Rally and Nifty again reatraced from it. Correction is on and last 2 support ranges of Oct 2011 rally are as follows:-

1- 4845-4900
2- 4745-4800

Oct 2011 Pull Back Rally started from 4728 and completed at 5400. Its Fibonacci Retracement Levels are as follows:-

13.0%- 5312
23.6%- 5241
27.0%- 5218
38.2%- 5143
50.0%- 5064
61.8%- 4984
70.7%- 4924
76.4%- 4886
78.6%- 4871(Tested and closed above after good consolidation below it)
88.6%- 4804(Only last level testing is left)

Oct 2011 rally has retraced more than 83% and got good support within 4839-4874 on 18-11-2011 as well as nice consolidation and base formation seen also. As Nifty again got support within previous support range(4845-4900) yesterday therefore it is a strong sign of strength and first signal of correction completion of Oct 2011 rally.

Rally have started after getting good support at 4839 last Friday and expected that rally  will remain continued after follow up buying in the beginning of next week. Sustaining above 4900 should be firstly watched next Monday for confirmations.

Nifty-Micro Analysis of Intra Day Chart For 21-11-2011

Nifty-Intra Day Chart(18-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4839-4874
2- Last 40 minutes mixed Patterns between 4891-4908
3- Intraday consolidation patterns
4- Whole day trading between 4839-4908

Conclusions from intra day chart analysis 

Nifty traded whole day between 4839-4908 and following line was told in Pre-open Outlook(18-11-2011):-

"Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today" 

Nifty traded almost whole day within mentioned 1st support range and prepare for next moves.

Following line was told in Mid-session Outlook-2

"Lower levels support and intraday patterns are indicating consolidation formations"

Firstly more than 4 hours consolidation and after that up moves in last one hour and Nifty crossed as well as closed above 4900. Market got good support within mentioned 1st support range and necely consolidated as well therefore short term up moves possibilities are high. As last 40 minutes mixed Patterns between 4891-4908 therefore sustaining above 4900 should be firstly watched next Monday for short term up moves confirmations.

Indian Stock Markets Closing Reports(18-Nov-2011)

Main features of today trading are as follows

1- Benchmark and most Indices closed in Red.
2- Bullish Hammer Candle formation.
3- Good lower levels support.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(18-Nov-2011): 17.76

Advances & Declines

BSE ADVANCES : 873
BSE DECLINES : 2013
NSE ADVANCES : 391
NSE DECLINES : 1060

Nifty Open Interest Changed Today

Nifty- 4800 CE(Nov)- +1604750(+498.60%)
Nifty- 4800 PE(Nov)- +563700(+10.45%)

Nifty- 4900 CE(Nov)- +1198400(+36.68%)
Nifty- 4900 PE(Nov)- -880400(-14.00%)

Closing 

Nifty- closed at 4,905.80(-28.95 Points & -0.59%)
Sensex- closed at 16,371.51(-90.20 Points & -0.55% )
CNX MIDCAP - closed at 6,639.45(-51.60 Points & -0.77%)
BSE SMALL CAP- closed at 6,182.31(-119.42 Points & -1.90%)

FII Trading Data in Derivatives Segment on 18-Nov-2011

FII & DII trading activity in Capital Market Segment on 18-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 18-Nov-2011 1796.37 2667.99 -871.62

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 18-Nov-2011 1375.06 994.67 380.39

Nifty Spot-Levels & Trading Strategy for 21-11-2011

Nifty Spot-Levels

R3 5012
R2 4963
R1 4934
Avg 4885
S1 4856
S2 4807
S3 4778

Nifty Spot-Trading Strategy

H6 4984     Trgt 2
H5 4966     Trgt 1
H4 4947     Long breakout
H3 4926     Go Short
H2 4919
H1 4912
L1 4897
L2 4890
L3 4883     Long
L4 4862     Short Breakout
L5 4844     Trgt 1
L6 4825     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2011

Nifty(Nov Fut)-Levels

R3 5022
R2 4973
R1 4943
Avg 4894
S1 4864
S2 4815
S3 4785

Nifty(Nov Fut)-Trading Strategy

H6 4994     Trgt 2
H5 4975     Trgt 1
H4 4957     Long breakout
H3 4935     Go Short
H2 4928
H1 4921
L1 4906
L2 4899
L3 4892     Long
L4 4870     Short Breakout
L5 4852     Trgt 1
L6 4833     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9124.00
R2 9005.00
R1 8932.00
Avg 8813.00
S1 8740.00
S2 8621.00
S3 8548.00

Bank Nifty(Nov Fut)-Trading Strategy

H6 9054     Trgt 2
H5 9009     Trgt 1
H4 8964     Long breakout
H3 8911     Go Short
H2 8894
H1 8876
L1 8841
L2 8823
L3 8806     Long
L4 8753     Short Breakout
L5 8708     Trgt 1
L6 8663     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Nov 21 to Nov 25,2011)

Nifty Spot-Weekly Levels

R3 5535
R2 5382
R1 5143
Avg 4990
S1 4751
S2 4598
S3 4359

Nifty Spot-Weekly Trading Strategy

H6 5302     Trgt 2
H5 5211     Trgt 1
H4 5120     Long breakout
H3 5012     Go Short
H2 4976
H1 4940
L1 4869
L2 4833
L3 4797     Long
L4 4689     Short Breakout
L5 4598     Trgt 1
L6 4507     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 21 to Nov 25,2011)

Bank Nifty Spot-Weekly Levels

R3 10055
R2 9756
R1 9303
Avg 9004
S1 8551
S2 8252
S3 7799

Bank Nifty Spot-Weekly Trading Strategy 

H6 9614     Trgt 2
H5 9439     Trgt 1
H4 9263     Long breakout
H3 9056     Go Short
H2 8987
H1 8918
L1 8781
L2 8712
L3 8643     Long
L4 8436     Short Breakout
L5 8260     Trgt 1
L6 8085     Trgt 2

Pre-Closing Outlook(18-11-2011)

Confirm consolidation at lower levels today but mixed formations in last half hour therefore sustaining above 4900 will be firstly watched next Monday for short term up moves confirmations.

Mid-session Outlook-2(18-11-2011)

Although Nifty slipped below 4845 but could not sustained below and retraced immediately as well trading between mentioned 1st support range (4845-4900). Lower levels support and intraday patterns are indicating consolidation formations. Sustaining above 4900 will be very short term up moves confirmations and it is must also because selling markets remains highly volatile.

Mid-session Outlook(18-11-2011)

Following lines were told for today trading in Pre-open Outlook

Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today and sustaining it beyond will be next moves confirmation therefore should be watched and more weakness possibility can not be ruled out.

Today first 2 hours trading range is 4847.50-4902.25

Minor higher levels selling and minor support also at lower levels and next moves preparation is going on within mentioned support range. As market is not prepared for any side break out therefore mixed intraday trading patterns and sustaining beyond mentioned range will be next moves confirmation.

Pre-open Outlook(18-11-2011)

Next supports,Technical Analysis and Micro Analysis of Nifty Intra Day Chart have already been explained in following topic with 1 Chart therefore not being repeated:-

Nifty-Micro Analysis of Intra Day Chart For 18-11-2011

Eurozone storm and global markets are bring blown out,resultant Oct 2011 rally is fused and Nifty slipped sufficiently below crucial 61.8% Fibonacci Retracement Level(4984). Nifty traded 54 sessions between 4720-5229 previously and reentered within this range after Post-Diwali-2011 break out. Nifty got support 3 times near 4720 in 4 previous months and once again levels near 4720 will be watched for getting support again or not.

Asian markets are in Red after US markets more than 1% down closing yesterday, Weakness will be seen in Indian markets also but lesser because Indian markets have already dicounted negative markets with 1.90% down closing yesterday.

Expected that Nifty will firstly hover around 4900. As sentiment is depressed therefore volatility is possible but market require complete consolidation for any up move and until that will not happen till then any rally will not be considered.

Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today and sustaining it beyond will be next moves confirmation therefore should be watched and more weakness possibility can not be ruled out.

FII Trading Data in Derivatives Segment on 17-Nov-2011

FII & DII trading activity in Capital Market Segment on 17-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 17-Nov-2011 1943.27 2138.47 -195.2

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Nov-2011 1149.83 778.24 371.59

Nifty-Micro Analysis of Intra Day Chart For 18-11-2011

Nifty-Intra Day Chart(17-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5020-5035
2- Free fall seen below 5010
3- Whole day trading between 4920-5036

Conclusions from intra day chart analysis

Technical positions have already been explained in Technical Analysis,Researches & Market Outlook(17-11-2011) and following lines were also told after selling indications at 12:01:00 PM in Mid-session Outlook-2

"Selling indications between 5020-5035 and until Nifty will not sustain above 5035 till then up moves will not be considered"

Finally free fall seen today after breaking down of strong support range(5010-5100). Next supports are as follows:-

1- 4845-4900
2- 4745-4800

Testing of above supports are possible in the coming sessions and next big trend decider is lowest of previous 54 sessions range(4720).

Indian Stock Markets Closing Reports(17-Nov-2011)

Main features of today trading are as follows

1- All the Indices closed in Red.
2- Long Black Candle.
3- closing at lowest of day below 5000.

Ratios

Nifty Put Call Ratio:0.84
Nifty P/E Ratio(18-Nov-2011):17.87

Advances & Declines

BSE ADVANCES : 821
BSE DECLINES : 2007
NSE ADVANCES : 385
NSE DECLINES : 1064

Nifty Open Interest Changed Today

Nifty- 4900 CE(Nov)- +2595050(+472.69%)
Nifty- 4900 PE(Nov)- +1394050(+27.04%)

Nifty- 5000 CE(Nov)- +1379300(+43.66%)
Nifty- 5000 PE(Nov)- -1310150(-18.35%)

Closing 

Nifty- closed at 4,934.75(-95.70 Points & -1.90%)
Sensex- closed at 16,461.71(-314.16 Points & -1.87% )
CNX MIDCAP - closed at 6,691.05(-107.20 Points & -1.58%)
BSE SMALL CAP- closed at 6,301.73(-73.06 Points & -1.15%)

Nifty Spot-Levels & Trading Strategy for 18-11-2011

Nifty Spot-Levels

R3 5124
R2 5080
R1 5007
Avg 4963
S1 4890
S2 4846
S3 4773

Nifty Spot-Trading Strategy

H6 5051     Trgt 2
H5 5024     Trgt 1
H4 4998     Long breakout
H3 4966     Go Short
H2 4955
H1 4944
L1 4923
L2 4912
L3 4901     Long
L4 4869     Short Breakout
L5 4843     Trgt 1
L6 4816     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 18-11-2011

Nifty(Nov Fut)-Levels

R3 5154
R2 5103
R1 5017
Avg 4966
S1 4880
S2 4829
S3 4743

Nifty(Nov Fut)-Trading Strategy

H6 5069     Trgt 2
H5 5038     Trgt 1
H4 5007     Long breakout
H3 4969     Go Short
H2 4957
H1 4944
L1 4919
L2 4906
L3 4894     Long
L4 4856     Short Breakout
L5 4825     Trgt 1
L6 4794     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 18-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9328
R2 9227
R1 9058
Avg 8957
S1 8788
S2 8687
S3 8518

Bank Nifty(Nov Fut)-Trading Strategy

H6 9161     Trgt 2
H5 9099     Trgt 1
H4 9038     Long breakout
H3 8964     Go Short
H2 8939
H1 8914
L1 8865
L2 8840
L3 8815     Long
L4 8741     Short Breakout
L5 8680     Trgt 1
L6 8618     Trgt 2

Pre-Closing Outlook(17-11-2011)

Technical positions have already been explained in all the today Outlooks and now breaking down as well as more down moves confirmations and next levels have been explained before opening of today market in Technical Analysis,Researches & Market Outlook(17-11-2011)

Mid-session Outlook-2(17-11-2011)

Technical positions of today intraday trading is as follows:-

1- Today trading range at this moment 4993-5036
2- Buying between 4993-5005
3- Selling between 5020-5035

Higher levels selling and lower levels buying therefore intraday patterns are mixed and today trading range break out should be watched  for next moves confirmations.

Mid-session Outlook-2(17-11-2011)

Selling indications between 5020-5035 and until Nifty will not sustain above 5035 till then up moves will not be considered.

Mid-session Outlook(17-11-2011)

Nifty got intraday support between 4990-5020 yesterday and traded almost first 2 hours between this range and crossed 5020. Sustaining above 5020 will be confirmation of strong support range survival and confirmation of up moves beginning also.

Firstly watch sustaining above 5020 for up moves confirmations.

Technical Analysis,Researches & Market Outlook(17-11-2011)

Nifty-Intra Day Chart(16-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Buying between 4990-5020
2- Selling between 5040-5058
3- Whole day trading between 4990-5063

Conclusions from intra day chart analysis

All trends are down and Nifty traded most of the time between strong support range 5010-5100 and LTP was near at top of the day amid violent volatility with lower levels buying and higher levels selling. As both buying and selling trading positions between 5990-5058 therefore sustaining beyond this range will be next moves confirmation.

Nifty-EOD Chart(16-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Again trading between previous 54 sessions range between 4720-5229
2- Strong support range between 5010-5100 and yesterday closing at lower levels between it.
3- No strong support between 4720-5010.

Conclusions

All trends are down,correction of Oct 2011 rally is on and Nifty has entered again between previous 54 sessions range between 4720-5229. Nifty traded and closed at the lower levels of strong support range between 5010-5100. As no strong support below 5010 therefore free fall is possible after breaking down and sustaining below of strong support range(5010).

Asian markets are not as much down as US markets closed in deep Red, sentiment is moderately dampened and weak opening is possible today. Nifty got intraday support between 4990-5020 yesterday and sustaining beyond this range should be watched for next moves confirmation as well as survival of mentioned strong support range(5010-5100).

FII Trading Data in Derivatives Segment on 16-Nov-2011

FII & DII trading activity in Capital Market Segment on 16-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 16-Nov-2011 1743.78 2232.67 -488.89

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Nov-2011 1374.11 1096.32 277.79

Indian Stock Markets Closing Reports(16-Nov-2011)

Main features of today trading are as follows

1- Highly volatile market
2- All the Indices closed in Red except Metal,FMCG and CD
3- Black Candle.

Ratios

Nifty Put Call Ratio:0.94
Nifty P/E Ratio(16-Nov-2011): 18.21

Advances & Declines

BSE ADVANCES : 938
BSE DECLINES : 1904
NSE ADVANCES : 393
NSE DECLINES : 1051

Nifty Open Interest Changed Today

Nifty- 5000 CE(Nov)- +1902250(+136.14%)
Nifty- 5000 PE(Nov)- -85900(-1.09%)

Nifty- 5100 CE(Nov)- +569750(+12.58%)
Nifty- 5100 PE(Nov)- -876950(-16.61%)

Closing 

Nifty- closed at 5,030.45(-38.05 Points & -0.75%)
Sensex- closed at 16,775.87(-106.80 Points & -0.63% )
CNX MIDCAP - closed at 6,798.25(-64.70 Points & -0.94%)
BSE SMALL CAP- closed at 6,374.79(-86.59  Points & -1.34%)

Nifty Spot-Levels & Trading Strategy for 17-11-2011

Nifty Spot-Levels

R3 5143
R2 5104
R1 5067
PIVOT 5028
S1 4991
S2 4952
S3 4915

Nifty Spot-Trading Strategy

H6 5106     Trgt 2
H5 5089     Trgt 1
H4 5071     Long breakout
H3 5050     Go Short
H2 5043
H1 5036
L1 5023
L2 5016
L3 5009     Long
L4 4988     Short Breakout
L5 4970     Trgt 1
L6 4953     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 17-11-2011

Nifty(Nov Fut)-Levels

R3 5166.67
R2 5123.33
R1 5083.67
PIVOT 5040.33
S1 5000.67
S2 4957.33
S3 4917.67

Nifty(Nov Fut)-Trading Strategy

H6 5127     Trgt 2
H5 5108     Trgt 1
H4 5089     Long breakout
H3 5066     Go Short
H2 5059
H1 5051
L1 5036
L2 5028
L3 5021     Long
L4 4998     Short Breakout
L5 4979     Trgt 1
L6 4960     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 17-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9384.00
R2 9276.00
R1 9172.00
PIVOT 9064.00
S1 8960.00
S2 8852.00
S3 8748.00

Bank Nifty(Nov Fut)-Trading Strategy

H6 9282     Trgt 2
H5 9233     Trgt 1
H4 9184     Long breakout
H3 9126     Go Short
H2 9106
H1 9087
L1 9048
L2 9029
L3 9009     Long
L4 8951     Short Breakout
L5 8902     Trgt 1
L6 8853     Trgt 2

Pre-Closing Outlook(16-11-2011)

Crucial support range(5010-5100) survival indication and Nifty could not sustained below it as well as bounced after getting intraday support at lower levels. It should be kept in mind that today fast recovery from intraday lower levels was on the back on Dow's Futures which jumped more that 100 points in last 3 hours also.

Although good intraday up move after lower levels support but selling formation also at higher levels also today. All trends are down and and just watch sustaining beyond 5010 because that will be confirmation of strong support range(5010-5100) survival.

Mid-session Outlook-3(16-11-2011)

Nifty slipped below 5010 but did not sustained and and got support also at lower levels.

Mid-session Outlook-2(16-11-2011)

Confirmation of Nifty reverting into previous 54 sessions trading range(4720-5229) and now breaking down of strong support range of 5010. Sustaining below 5010 will be confirmation of more down moves towards lowest of 54 sessions trading range(4720)

Mid-session Outlook(16-11-2011)

Dow's Futures is more than 140 points down,all the Asian markets are also in Red and Nifty slipped below 5010 also therefore breaking down confirmation of strong support range as well as more down moves.

Pre-open Outlook(16-11-2011)

Dow's Futures is more than 110 points down today morning and all the Asian markets are also in Red therefore sentiment is again depressed today morning. High global pressure and Nifty will trade firstly at lower levels within 5010-5050 of mentioned strong support range(5010-5100).

Dampened sentiment today morning and sustaining below 5010 will be confirmation of deeper down moves.

Nifty-Micro Analysis of Intra Day Chart For 16-11-2011

Nifty-Intra Day Chart(15-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5127-5257
2- Last 52 minutes mixed Patterns between 5060-5083
3- Whole day trading between 5053-5158

Conclusions

Firstly more than 4 hours selling and after that trading between atrong support range(5010-5100) with  mixed Patterns between 5060-5083 therefore expected that Nifty will firstly trade between this range. Although some more down moves possibility in consolidation process can not be ruled out but Nifty traded with mixed intraday patterns between strong support range therefore trading between 5010-5100 should be firstly watched for next moves confirmations.

As last 52 minutes mixed Patterns therefore expected that Nifty will finally get support between mentioned strong support range and Nifty will trade above 5100.

FII & DII trading activity in Capital Market Segment on 15-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 15-Nov-2011 1698.84 2108.61 -409.77

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 15-Nov-2011 989.22 783.26 205.96

Indian Stock Markets Closing Reports(15-Nov-2011)

Main features of today trading are as follows

1- Long Black Candle.
2- All the indices closed in Red.
3- Weakness after higher levels selling.

Ratios

Nifty Put Call Ratio: 0.92
Nifty P/E Ratio(15-Nov-2011): 18.35

Advances & Declines

BSE ADVANCES : 610
BSE DECLINES : 2259
NSE ADVANCES : 176
NSE DECLINES : 1289

Nifty Open Interest Changed Today

Nifty- 5100 CE(Nov)- +2250550(+98.47%)
Nifty- 5100 PE(Nov)- -336950(-5.39%)

Nifty- 5200 CE(Nov)- +687600(+13.83%)
Nifty- 5200 PE(Nov)- -1030550(-24.45%)

Closing 

Nifty- closed at 5,068.50(-79.85 Points & -1.55%)
Sensex- closed at 16,882.67(-236.07 Points & -1.38% )
CNX MIDCAP - closed at 6,862.95(-181.70 Points & -2.58%)
BSE SMALL CAP- closed at 6,461.38(-184.11 Points & -2.77%)

Nifty Spot-Levels & Trading Strategy for 16-11-2011

Nifty Spot-Levels

R3 5239
R2 5198
R1 5133
Avg 5092
S1 5027
S2 4986
S3 4921

Nifty Spot-Trading Strategy

H6 5174     Trgt 2
H5 5150     Trgt 1
H4 5126     Long breakout
H3 5097     Go Short
H2 5087
H1 5077
L1 5058
L2 5048
L3 5038     Long
L4 5009     Short Breakout
L5 4985     Trgt 1
L6 4961     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 16-11-2011

Nifty(Nov Fut)-Levels

R3 5259
R2 5217
R1 5147
Avg 5105
S1 5035
S2 4993
S3 4923

Nifty(Nov Fut)-Trading Strategy

H6 5190     Trgt 2
H5 5164     Trgt 1
H4 5139     Long breakout
H3 5108     Go Short
H2 5098
H1 5088
L1 5067
L2 5057
L3 5047     Long
L4 5016     Short Breakout
L5 4991     Trgt 1
L6 4965     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 16-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9520
R2 9422
R1 9251
Avg 9153
S1 8982
S2 8884
S3 8713

Bank Nifty(Nov Fut)-Trading Strategy

H6 9349     Trgt 2
H5 9288     Trgt 1
H4 9227     Long breakout
H3 9153     Go Short
H2 9129
H1 9104
L1 9055
L2 9030
L3 9006     Long
L4 8932     Short Breakout
L5 8871     Trgt 1
L6 8810     Trgt 2

Pre-Closing Outlook(15-11-2011)

Clear weakness after higher levels intraday selling and Nifty is trading within strong support range(5010-5100) therefore volatile market may be seen tomorrow and more down moves possibility can not be ruled out.

Mid-session Outlook(15-11-2011)

No fluctuation in US Futures and weakness in Asian markets therefore Indian markets are range bound and quietly trading between 5120-5157 This range break out will give next moves confirmations. As intraday charts are suggesting selling today therefore down moves possibilities are high after break down.

Pre-open Outlook(15-11-2011)

All the Asain markets are in Red after US markets negative closing therefore sentiment is weak today morning. It is being seen for the last 4 months that US Futures remains highly fluctuating and volatile whole day and most uncertain news flow from European markets therefore cautious approach is required.

Sustaining below 5147 will mean countering of next strong support range(5010-5100) and sustaining beyond this range will be confirmation Oct 2011 rally survival. It means that if Nifty finally sustains above 5100 then it will be confirmation of post Diwali-2011 correction completion and then up moves will be expected. Sustaing below 5010 will confirmation of deeper down moves with testing possibility of previous 54 sessions lowest(4720).

Expected that Nifty will first trade between 5110-5170 after weak opening and break out of this range will give confirmation to next trend according to above mentioned next moves.

Nifty-Micro Analysis of Intra Day Chart For 15-11-2011

Nifty-Intra Day Chart(14-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Falling Channel
2- Consolidation patterns
3- Whole day trading between 5141-5227

Conclusions from intra day chart analysis

Whole day falling channels with intraday consolidation patterns and closing at the support. Day started with Dow's futures 75 up and all the global markets started to melt down with the slipping of US futures and markets. Indian and all the European markets closed in Red after good opening and Dow Jones had also traded more than 100 points down.

Although Indian markets closed in Red but intraday charts are not showing selling patterns but consolidations formations are visible. As closing is exactly at support therefore sustaining below 5148 is must for next down moves confirmations.

'ABC' correction of Oct 2011 rally is on and its completion levels is near the closing of previous 2 sessions, slipping below it will mean countering of next strong support range(5010-5100). All the Global markets are completely affected by most uncertain European news flow and highly volatile global markets. As Indian markets are trading near strong supports therefore firstly sustaining below 5147 and then above mentioned next support range should be watched for next moves confirmations.

FII Trading Data in Derivatives Segment on 14-Nov-2011

FII & DII trading activity in Capital Market Segment on 14-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 14-Nov-2011 2542.99 2221.37 321.62

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-Nov-2011 862.44 871.74 -9.3

Indian Stock Markets Closing Reports(14-Nov-2011)

Main features of today trading are as follows

1- Red closing.
2- Long Black Candle.
3- Global cues led fall.

Ratios

Nifty Put Call Ratio: 0.92
Nifty P/E Ratio(14-Nov-2011): 18.59

Advances & Declines

BSE ADVANCES : 874
BSE DECLINES : 1991
NSE ADVANCES : 325
NSE DECLINES : 1113

Nifty Open Interest Changed Today

Nifty- 5100 CE(Nov)- +382150(+19.94%)
Nifty- 5100 PE(Nov)- +723650(+13.04%)

Nifty- 5200 CE(Nov)- + 574400(+ 13.0%)
Nifty- 5200 PE(Nov)- +441250(+11.12%)

Closing 

Nifty- closed at 5,148.35(-20.50 Points & -0.40%)
Sensex- closed at 17,118.74(-74.08 Points & -0.43% )
CNX MIDCAP - closed at 7,044.65(-79.60 Points & -1.12%)
BSE SMALL CAP- closed at 6,645.49 (-119.23 Points & -1.76%)

Nifty Spot-Levels & Trading Strategy for 15-11-2011

Nifty Spot-Levels

R3 5292
R2 5260
R1 5204
Avg 5172
S1 5116
S2 5084
S3 5028

Nifty Spot-Trading Strategy

H6 5236     Trgt 2
H5 5216     Trgt 1
H4 5196     Long breakout
H3 5172     Go Short
H2 5164
H1 5156
L1 5139
L2 5131
L3 5123     Long
L4 5099     Short Breakout
L5 5079     Trgt 1
L6 5059     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 15-11-2011

Nifty(Nov Fut)-Levels

R3 5319
R2 5283
R1 5219
Avg 5183
S1 5119
S2 5083
S3 5019

Nifty(Nov Fut)-Trading Strategy

H6 5255     Trgt 2
H5 5232     Trgt 1
H4 5210     Long breakout
H3 5182     Go Short
H2 5173
H1 5164
L1 5145
L2 5136
L3 5127     Long
L4 5100     Short Breakout
L5 5077     Trgt 1
L6 5054     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 15-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9635
R2 9555
R1 9415
Avg 9335
S1 9195
S2 9115
S3 8975

Bank Nifty(Nov Fut)-Trading Strategy

H6 9496     Trgt 2
H5 9446     Trgt 1
H4 9397     Long breakout
H3 9336     Go Short
H2 9316
H1 9296
L1 9255
L2 9235
L3 9215     Long
L4 9155     Short Breakout
L5 9105     Trgt 1
L6 9055     Trgt 2

Pre-Closing Outlook(14-11-2011)

Dow's Futures was trading more than 75 points up today morning but slipped and now flat. European markets also opened with good gains but some are more than more than half pct down. Indian markets also followed suit and opened 1% up after strong Asian markets but tumbled after weakening US futures and European markets.

Next support is between 5147-5168 and Nifty slipped below 5147,it is weakness signal and sustaining below it will be deeper correction confirmation of Oct 2011 rally.

Mid-session Outlook-2(14-11-2011)

Markets are discounting global events and moving at par with global global markets. As Asian markets were strong today morning therefore Indian markets opened 1% up and all the European markets are flat at this moment therefore Indian markets are flat at this moment.

Next support is between 5147-5168 and sustaining below 5147 will be confirmation of sharp declines.

Mid-session Outlook(14-11-2011)

Narrow range markets with consolidation intraday patterns and support between 5201-5210 today.

5195-5235 break out will be next moves confirmation.

Post-open Outlook(14-11-2011)

Most uncertain European events and resultant huge gap up/down opening is the chracter of all global markets is routine feature. Gap up opening and about 1% positive zone trading since opening today.

Today intraday patterns formation will give next moves first indication and following next support/resistance crossing will give next decisive move confirmation.

1- Next resistance is between 5280-5307
2- Next support is between 5147-5168

Nifty is trading between 5211-5228 today and expected that Nifty will prepare for next moves between 5195-5250. First 45 minutes intraday charts are suggesting consolidation  and mentioned range break out will be next moves confirmation.