Blasting Moves cooking in 23 Sessions

Technical Analysis,Research & Weekly Outlook

(Oct 29 to Nov 02,2012)

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

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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

FII Trading Data in Derivatives Segment on 23-Oct-2012

FII & DII trading activity in Capital Market Segment on 23-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 23-Oct-2012 2211.1 1958.7 252.4

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Oct-2012 658.04 956.93 -298.89

Indian Stock Markets Closing Reports(23-Oct-2012)

Main features of today trading are as follows

1- All the Indices closed in Red except CNX INFRA.
2- Slipping and closing near lower levels of the day.
3- Black Candle formation.

Ratios

Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(23-Oct-2012): 17.89

Advances & Declines

BSE Advances : 1,262
BSE Declines : 1,555
NSE Advances :   711
NSE Declines : 1,014

Nifty Open Interest Changed Today

Nifty- 5500 CE(Oct)- -11,200(-1.61%)
Nifty- 5500 PE(Oct)- -82,150(-1.42%)

Nifty- 5600 CE(Oct)- -47,750(-0.90%)
Nifty- 5600 PE(Oct)- -808,450(-9.67%)

Nifty- 5700 CE(Oct)- -560,600(-4.78%)
Nifty- 5700 PE(Oct)- -873,600(-13.98%)

Nifty- 5800 CE(Oct)- -560,600(-4.78%)
Nifty- 5800 PE(Oct)- -527,550(-35.35%)

Closing 

Sensex- closed at 18,710.02(-83.42 Points & -0.44%)
Nifty- closed at 5,691.40(-25.75 Points & -0.45%)
CNX Midcap - closed at 7,873.90(-35.35 Points & -0.45%)
CNX Smallcap- closed at 3,490.50(-16.60 Points & -0.47%)

Nifty Spot-Levels & Trading Strategy for 25-10-2012

Nifty Spot-Levels

R3 5752
R2 5736
R1 5713
Avg 5697
S1 5674
S2 5658
S3 5635

Nifty Spot-Trading Strategy

H6 5730     Trgt 2
H5 5721     Trgt 1
H4 5712     Long breakout
H3 5701     Go Short
H2 5698
H1 5694
L1 5687
L2 5683
L3 5680     Long
L4 5669     Short Breakout
L5 5660     Trgt 1
L6 5651     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 25-10-2012

Nifty(Oct Fut)-Levels

R3 5754
R2 5737
R1 5716
Avg 5699
S1 5678
S2 5661
S3 5640

Nifty(Oct Fut)-Trading Strategy

H6 5733     Trgt 2
H5 5724     Trgt 1
H4 5715     Long breakout
H3 5705     Go Short
H2 5701
H1 5698
L1 5691
L2 5688
L3 5684     Long
L4 5674     Short Breakout
L5 5665     Trgt 1
L6 5656     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 25-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11783
R2 11726
R1 11655
Avg 11598
S1 11527
S2 11470
S3 11399

Bank Nifty(Oct Fut)-Trading Strategy

H6 11712     Trgt 2
H5 11683     Trgt 1
H4 11654     Long breakout
H3 11619     Go Short
H2 11607
H1 11595
L1 11572
L2 11560
L3 11548     Long
L4 11513     Short Breakout
L5 11484     Trgt 1
L6 11455     Trgt 2

Mid-session Outlook-2(23-10-2012)

Nifty is trading below 5692 today but it was predicted yesterday at 03:15PM in Pre-Closing Outlook and following lines were told:-

"Although Nifty is trading near the highs of the day at this moment but selling within last 2 sessions 6 hours trading range(5692-5721) therefore possibility of slipping below 5692 and correction continuation is still alive"

Nifty slipped below 5692 and traded almost one hour also below it but sustaining below 5692 is must for confirmation of more down moves toward next supports near 5639.

Mid-session Outlook-2(23-10-2012)

As intraday selling patterns between 5692-5721 in last 2 sessions therefore correction continuation and Indian markets slipping possibility has been told in previous 4 Outlooks of today and yesterday. Nifty slipped below 5692 today and until Nifty will not sustaining above 5721 till then any up move will not be considered because selling confirmations just below it.

As slipping below 5692 is without force therefore sustaining below 5692 has to be firstly watched.

Mid-session Outlook(23-10-2012)

As more than 6 hours trading within 5692-5721 in last 2 sessions with intraday selling formations therefore Nifty traded most time negative within this range today. Long Term and Intermediate term trends are up and follow up selling is must within this range today for deeper correction. 

Last 2 hours again trading today within above mentioned range. As selling in last 2 days therefore Indian markets slipped today from intraday higher levels and correction continuation  possibility is alive through slipping below 5692. Follow up moves and forceful break out of above mentioned range should be firstly watched today because that will give strong indication of next trend.

Post-open Outlook(23-10-2012)

More than 6 hours trading within 5692-5721 in last 2 sessions and today also trading within it. Follow up moves and forceful break out of this range will give strong indication of next trend.

Technical Analysis and Market Outlook(23-10-2012)

Nifty-Intra Day Chart (Oct 19 to Oct 22,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- More than 6 hours trading within 5692-5721 in last 2 sessions
2- Selling within 5692-5721 last Friday and today again intraday selling formations within this range.

Conclusions from 2 Sessions intra day chart analysis 

Nifty traded more than 6 hours within 5692-5721 in last 2 sessions and also closed neat the top within this range today but 2 hours selling seen within this range last Friday and today also selling formations within this range. Although Nifty closed near the highs of the day today but selling formations in last more than 4 hours intraday charts.

As 6 hours selling formations in last 2 sessions intraday charts therefore correction continuation  possibility through slipping below 5692 is alive. 20 Sessions most time trading between 5639-5733 and Short Term Trend is sideways after 600 points strong rally in 21 sessions from 05-09-2012 to 05-10-2012 therefore finally sustaining beyond 5639-5733 will give confirmation to deeper correction below 5639 or strong rally above 5733. 

Sustaining beyond above mentioned 6 hours range(5692-5721) will be first indication and finally sustaining beyond previous 20 Sessions most time trading range(5639-5733) will be confirmation 

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

FII & DII trading activity in Capital Market Segment on 22-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 22-Oct-2012 1882.71 1641.03 241.68

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Oct-2012 741.38 879.27 -137.89

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

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Smallcap closing in Red.
3- Long White Candle formation.

Ratios

Nifty Put Call Ratio: 1.18
Nifty P/E Ratio(22-Oct-2012): 17.97

Advances & Declines

BSE Advances : 1,367
BSE Declines : 1,488
NSE Advances :   840
NSE Declines :   915

Nifty Open Interest Changed Today

Nifty- 5500 CE(Oct)- -71,000(-9.25%)
Nifty- 5500 PE(Oct)- -882,750(-13.22%)

Nifty- 5600 CE(Oct)- -117,900(-6.89%)
Nifty- 5600 PE(Oct)- 1,554,900(22.86%)

Nifty- 5700 CE(Oct)- -904,400(-14.60%)
Nifty- 5700 PE(Oct)- 773,850(14.13%)

Nifty- 5800 CE(Oct)- 979,650(9.12%)
Nifty- 5800 PE(Oct)- 335,550(29.00%)

Closing 

Sensex- closed at 18,793.44(111.13 Points & 0.59%)
Nifty- closed at 5,717.15(32.90 Points & 0.58%)
CNX Midcap - closed at 7,909.25(5.40 Points & 0.07%)
CNX Smallcap- closed at 3,507.10(-21.45 Points & -0.61%)

Nifty Spot-Levels & Trading Strategy for 23-10-2012

Nifty Spot-Levels

R3 5802
R2 5761
R1 5739
Avg 5698
S1 5676
S2 5635
S3 5613

Nifty Spot-Trading Strategy

H6 5780     Trgt 2
H5 5766     Trgt 1
H4 5751     Long breakout
H3 5734     Go Short
H2 5728
H1 5722
L1 5711
L2 5705
L3 5699     Long
L4 5682     Short Breakout
L5 5667     Trgt 1
L6 5653     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 23-10-2012

Nifty(Oct Fut)-Levels

R3 5811
R2 5770
R1 5747
Avg 5706
S1 5683
S2 5642
S3 5619

Nifty(Oct Fut)-Trading Strategy

H6 5788     Trgt 2
H5 5773     Trgt 1
H4 5759     Long breakout
H3 5741     Go Short
H2 5735
H1 5729
L1 5718
L2 5712
L3 5706     Long
L4 5688     Short Breakout
L5 5674     Trgt 1
L6 5659     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 23-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11876
R2 11755
R1 11687
Avg 11566
S1 11498
S2 11377
S3 11309

Bank Nifty(Oct Fut)-Trading Strategy

H6 11811     Trgt 2
H5 11767     Trgt 1
H4 11723     Long breakout
H3 11671     Go Short
H2 11654
H1 11637
L1 11602
L2 11585
L3 11568     Long
L4 11516     Short Breakout
L5 11472     Trgt 1
L6 11428     Trgt 2

Pre-Closing Outlook(22-10-2012)

Nifty moved above 5714 but without force therefore could not sustained above and retraced within last 2 sessions most traded range(5692-5714). 

Nifty trading more than 6 hours within 5692-5721 in last 2 sessions. Selling seen within this range last Friday and today also intraday selling formations are being felt within this range. 

Although Nifty is trading near the highs of the day at this moment but selling within last 2 sessions 6 hours trading range(5692-5721) therefore possibility of slipping below 5692 and correction continuation is still alive. Let Nifty sustaining above 5733/5756 then rally continuation after correction completion will get confirmation.

Mid-session Outlook(22-10-2012)

All the Asian markets jumped from intraday lower levels today and sentiment improved therefore good recovery seen in Indian markets also today.

Intraday selling seen between 5693-5710 last Friday and today again trading within same range with the last more than 2 hours trading between 5692-5714.

As more than 5 hours trading between 5692-5714 in last 2 sessions therefore break out of this range will be 1st indication of next trend and should be firstly watched now.

Big Moves are Ripe after 19 Sideways Sessions

Technical Analysis,Research Weekly Outlook

(Oct 22 to Oct 25,2012)

Nifty-EOD Chart (19-Oct-2012):-

Just click on chart for its enlarged view

1Technical Patterns and Formations in EOD charts

1- Sub Wave-4 of  Wave-3(5215.70 on 05-09-2012)
2- Sub Wave-5 of Wave-3 (5815.35 on 05-10-2012
3- Sub Wave-5 gained 600 points strong rally in 21 sessions from 05-09-2012 to 05-10-2012
4- 19 Sessions sideways trading between between 5639-5733/5756
5- Last 10 corrective sessions trading between 5639-5733 from 08-09-2012
6- Long Term trend decider 200-Day SMA at 5257
7- Long Term trend decider 200-Day EMA at 5307
7- Correction in previous 2 weeks.
8- Weekly Doji Candle formation in previous week.
9- Bull Bear Tussle between 5639-5756 in last 4 weeks.

Conclusions from EOD chart analysis 

21 sessions 600 points strong rally from 05-09-2012 to 05-10-2012 but its correction is very much on from the last 10 sessions and most time sideways trading between 5639-5733. Long Term and Intermediate Term Trends are up and Short Term Trend is sideways through 19 Sessions most time sideways trading between 5639-5733. It is confirm that big moves are being ripe in last 19 sessions between 5639-5733 but higher levels good selling and lower levels strong supports within this range therefore Indian markets are not prepared for any side decisive big move.

Nifty-EOD Chart (19-Oct-2012):-

Just click on chart for its enlarged view

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- 10 Sessions sideways correction between 5639-5733.
8- 19 Sessions most time trading between between 5639-5733 near the

Conclusions from EOD chart analysis 

'ABC' correction of Wave-3 is also due after its Sub Wave-5 completion at 5815.35. Deeper correction confirmation after sustaining below 5639 will mean 'ABC' correction possibility to correct whole  Wave-3 rally from 4770.35 to 5815.35.

Conclusions (After Putting All Studies Together)

Sub Wave-5 of Wave-3 completion confirmation and its correction is continued through 10 Sessions sideways trading between 5639-5733. Certainly big moves possibilities have also emerged after last 19 sessions sideways moves between 5639-5733 but technical positions within this range are quite balanced because good selling at higher levels and strong supports with intraday consolidation seen at lower levels in last 19 sideways sessions.

As good selling seen at higher levels last Friday therefore slipping below 5639 can not be ruled out in the beginning of next week but sustaining below is must for deeper correction confirmation with 'ABC' correction possibility.

Final break out of previous 19 Sessions most time trading range(5639-5756) should be firstly watched next Monday because that will give confirmation to following decisive moves:-

1- Sustaining above 5756 will mean rally continuation after completion of sideways correction.
2- Sustaining below 5639 will mean deeper correction with high possibility of 'ABC' correction of Wave-3

FII Trading Data in Derivatives Segment on 19-Oct-2012

FII & DII trading activity in Capital Market Segment on 19-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 19-Oct-2012 2255.89 2175.78 80.11

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 19-Oct-2012 1025.99 913.93 112.06

Indian Stock Markets Closing Reports(19-Oct-2012)

Main features of today trading are as follows

1- All the Indices closed in Red except CNX FMCG.
2- Down moves after selling at higher levels.
3- Black Candle formation.

Ratios

Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(19-Oct-2012): 17.86

Advances & Declines

BSE Advances : 1240
BSE Declines : 1619
NSE Advances :  537
NSE Declines :  919

Nifty Open Interest Changed Today

Nifty- 5500 CE(Oct)- -52,350(-6.39%)
Nifty- 5500 PE(Oct)- -98,500(-1.45%)

Nifty- 5600 CE(Oct)-  64,300(3.90%)
Nifty- 5600 PE(Oct)- -1,953,900(-22.32%)

Nifty- 5700 CE(Oct)-  920,200(17.45%)
Nifty- 5700 PE(Oct)- -1,582,050(-22.42%)

Nifty- 5800 CE(Oct)-  1,209,500(12.68%)
Nifty- 5800 PE(Oct)- -651,700(-36.03%)

Closing 

Sensex- closed at 18,682.31(-109.62 Points & -0.58%)
Nifty- closed at 5,684.25(-34.45 Points & -0.60%)
CNX Midcap - closed at 7,903.85(-41.50 Points & -0.52%)
CNX Smallcap- closed at 3,528.55(-16.85 Points & -0.48%)

Nifty Spot-Levels & Trading Strategy for 22-10-2012

Nifty Spot-Levels

R3 5762

R2 5737

R1 5710

Avg 5685

S1 5658

S2 5633

S3 5606

Nifty Spot-Trading Strategy

H6 5736     Trgt 2 

H5 5724     Trgt 1

H4 5712     Long breakout 

H3 5698     Go Short 

H2 5693

H1 5688

L1 5679

L2 5674

L3 5669     Long 

L4 5655     Short Breakout 

L5 5643     Trgt 1 

L6 5631     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 22-10-2012

Nifty(Oct Fut)-Levels

R3 5773
R2 5747
R1 5717
Avg 5691
S1 5661
S2 5635
S3 5605

Nifty(Oct Fut)-Trading Strategy

H6  5744    Trgt 2
H5  5731    Trgt 1
H4  5718    Long breakout
H3  5703    Go Short
H2  5698
H1  5693
L1  5682
L2  5677
L3  5672    Long
L4  5657    Short Breakout
L5  5644    Trgt 1
L6  5631    Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 22-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11792

R2 11710

R1 11607

Avg 11525

S1 11422

S2 11340

S3 11237

Bank Nifty(Oct Fut)-Trading Strategy

H6  11691    Trgt 2 

H5  11648    Trgt 1

H4  11606    Long breakout 

H3  11555    Go Short 

H2  11538

H1  11521

L1  11488

L2  11471

L3  11454    Long 

L4  11403    Short Breakout 

L5  11361    Trgt 1 

L6  11319    Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Oct 22 to Oct 25,2012)

Nifty Spot-Weekly Levels

R3 5815
R2 5769
R1 5726
Avg 5680
S1 5637
S2 5591
S3 5548

Nifty Spot-Weekly Trading Strategy 

H6  5773    Trgt 2
H5  5753    Trgt 1
H4  5732    Long breakout
H3  5708    Go Short
H2  5700
H1  5692
L1  5675
L2  5667
L3  5659    Long
L4  5635    Short Breakout
L5  5614    Trgt 1
L6  5594    Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 22 to Oct 25,2012)

Bank Nifty Spot-Weekly Levels

R3 11953

R2 11779

R1 11635

Avg 11461

S1 11317

S2 11143

S3 10999

Bank Nifty Spot-Weekly Trading Strategy 

H6 11814     Trgt 2 

H5 11740     Trgt 1

H4 11665     Long breakout 

H3 11578     Go Short 

H2 11549

H1 11520

L1 11461

L2 11432

L3 11403     Long 

L4 11316     Short Breakout 

L5 11241     Trgt 1 

L6 11167     Trgt 2