Although first 3 hours Indian markets intraday charts are showing consolidation patterns but Dow' Futures is 145 point down and European markets Futures are also more than 1% down therefore more confirmations are required for next moves confirmations. Indian markets are out performing Asian markets also today but next moves confirmation will be sustaining beyond 4912-4970 and should be watched first.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Technical Analysis and Research(14-09-2011)
Mid-session Outlook(14-09-2011)
Nifty-Intra Day Chart(Sep 12 & Sep 13,2011):-
Higher levels selling but lower levels buying also in last 2 days and Nifty is trading at lower levels of last 2 sessions range since opening today between 4918-4969.
Volatile market immediately after opening and Nifty could not sustained at higher levels also but lower levels good support also today at 4918. As Nifty got support at 4912 in last sessions therefore this level break out will decide next long trend. Slipping and sustaining below 4912 should be watched for next moves confirmation for commencement of fresh down moves. Follow up confirm support today will mean correction completion strong indication and up moves within yesterday range(4912-5028) will be seen first.
Nifty got support at 4912 in last 2 sessions and again got support a little above it today also and intraday patterns are also suggesting consolidations today therefore Up moves from here possibilities can not be ruled out.
4912-4970 break out will give next immediate moves confirmations and should be watched first.
Nifty-Intra Day Chart(Sep 12 & Sep 13,2011):-
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| Just click on chart for its enlarged view |
Volatile market immediately after opening and Nifty could not sustained at higher levels also but lower levels good support also today at 4918. As Nifty got support at 4912 in last sessions therefore this level break out will decide next long trend. Slipping and sustaining below 4912 should be watched for next moves confirmation for commencement of fresh down moves. Follow up confirm support today will mean correction completion strong indication and up moves within yesterday range(4912-5028) will be seen first.
Nifty got support at 4912 in last 2 sessions and again got support a little above it today also and intraday patterns are also suggesting consolidations today therefore Up moves from here possibilities can not be ruled out.
4912-4970 break out will give next immediate moves confirmations and should be watched first.
Long Term Trend Deciding 25 Sessions Range(4720-5229)
Technical Analysis and Research
Nifty-EOD Chart(13-Sep-2011):-
1- 10 Months Bearish market
2- 94 Points Gap on 05-08-2011
3- 25 sessions range bound markets between 4720-5229
Conclusions
All trends are down and Indian markets are slipping for the last 10 months. Nifty opened 94 points gap down on 05-08-2011 and since then 25 sessions range bound markets between 4720-5229.
Markets always require completion consolidation for any rally after such big fall. Big rally started in March 2009 after lower level 5 monthe range bound consolidations. As range bound markets signals are emerging between 4720-5229 therefore this range break out will decide that 10 months long long term correction is over or not.Investment decisions,long term positions and Portfolio management should be done according to break out of mentioned range.
Nifty-EOD Chart(13-Sep-2011):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in EOD charts
1- 10 Months Bearish market
2- 94 Points Gap on 05-08-2011
3- 25 sessions range bound markets between 4720-5229
Conclusions
All trends are down and Indian markets are slipping for the last 10 months. Nifty opened 94 points gap down on 05-08-2011 and since then 25 sessions range bound markets between 4720-5229.
Markets always require completion consolidation for any rally after such big fall. Big rally started in March 2009 after lower level 5 monthe range bound consolidations. As range bound markets signals are emerging between 4720-5229 therefore this range break out will decide that 10 months long long term correction is over or not.Investment decisions,long term positions and Portfolio management should be done according to break out of mentioned range.
Nifty-Micro Analysis of Intra Day Chart For 14-09-2011
Nifty-Intra Day Chart(13-Sep-2011):-
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| Just click on chart for its enlarged view |
1- Minor selling between 5020-5028
2- Minor buying between 4912-4936
3- Whole day trading between 4912-5028
Conclusions
All intraday positions are minor and closing is also with minor loss today. Crucial support range of 4948-5000 has been broken down but support also seen at yesterday support range(4913-4928). All trends are down and sustaining below 4912 will mean sharp fall and high possibility of 4720 retesting but freh selling rerequired for sustaining below 4912.
As both support and resistance between today trading range therefore Nifty will first trade between today range tomorrow and prepare for next moves. Follow up buying/selling will give indication that Nifty is moving up or down and sustaining beyond today range(4912-5028) will be confirmations.
FII & DII trading activity in Capital Market Segment on 13-Sep-2011
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Indian Stock Markets Closing Reports(13-Sep-2011)
Main features of today trading are as follows
1- Red closing with minor loss.
2- All the Indices closed with with minor loss/gains.
3- Sharp intraday declines.
Ratios
Nifty Put Call Ratio: 1.14
Nifty P/E Ratio(13-Sep-2011): 17.84
Advances & Declines
BSE ADVANCES : 1395
BSE DECLINES : 1422
NSE ADVANCES : 720
NSE DECLINES : 712
Nifty Open Interest Changed Today
Nifty- 4900 CE(Sep)- +60550(+1.58%)
Nifty- 4900 PE(Sep)- +94400(+1.63%)
Nifty- 5000 CE(Sep)- +1373300(+26.45%)
Nifty- 5000 PE(Sep)- +179100(+3.22%)
Nifty- 5100 CE(Sep)- +702750(+15.21%)
Nifty- 5100 PE(Sep)- -21050(-0.73%)
Closing
Nifty- closed at 4,940.95(-5.85 Points & -0.12%)
Sensex- closed at 16,467.44(-34.30 Points & -0.21% )
CNX MIDCAP - closed at 7,240.50(+4.90 Points & +0.07%)
BSE SMALL CAP- closed at 7,169.07(+1.01 Points & +0.01%)
Nifty Spot-Levels & Trading Strategy for 14-09-2011
Nifty Spot-Levels
R3 5053
R2 5019
R1 4979
Avg 4945
S1 4905
S2 4871
S3 4831
Nifty Spot-Trading Strategy
H6 5014 Trgt 2
H5 4997 Trgt 1
H4 4980 Long breakout
H3 4960 Go Short
H2 4953
H1 4946
L1 4933
L2 4926
L3 4919 Long
L4 4899 Short Breakout
L5 4882 Trgt 1
L6 4865 Trgt 2
R3 5053
R2 5019
R1 4979
Avg 4945
S1 4905
S2 4871
S3 4831
Nifty Spot-Trading Strategy
H6 5014 Trgt 2
H5 4997 Trgt 1
H4 4980 Long breakout
H3 4960 Go Short
H2 4953
H1 4946
L1 4933
L2 4926
L3 4919 Long
L4 4899 Short Breakout
L5 4882 Trgt 1
L6 4865 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 14-09-2011
Nifty(Sep Fut)-Levels
R3 5156
R2 5098
R1 5019
Avg 4961
S1 4882
S2 4824
S3 4745
Nifty(Sep Fut)-Trading Strategy
H6 5079 Trgt 2
H5 5047 Trgt 1
H4 5016 Long breakout
H3 4978 Go Short
H2 4966
H1 4953
L1 4928
L2 4915
L3 4903 Long
L4 4865 Short Breakout
L5 4834 Trgt 1
L6 4802 Trgt 2
R3 5156
R2 5098
R1 5019
Avg 4961
S1 4882
S2 4824
S3 4745
Nifty(Sep Fut)-Trading Strategy
H6 5079 Trgt 2
H5 5047 Trgt 1
H4 5016 Long breakout
H3 4978 Go Short
H2 4966
H1 4953
L1 4928
L2 4915
L3 4903 Long
L4 4865 Short Breakout
L5 4834 Trgt 1
L6 4802 Trgt 2
Bank Nifty(Sep Fut)-Levels & Trading Strategy for 14-09-2011
Bank Nifty(Sep Fut)-Levels
R3 9838
R2 9702
R1 9522
Avg 9386
S1 9206
S2 9070
S3 8890
Bank Nifty(Sep Fut)-Trading Strategy
H6 9661 Trgt 2
H5 9588 Trgt 1
H4 9515 Long breakout
H3 9428 Go Short
H2 9399
H1 9370
L1 9313
L2 9284
L3 9255 Long
L4 9168 Short Breakout
L5 9095 Trgt 1
L6 9022 Trgt 2
R3 9838
R2 9702
R1 9522
Avg 9386
S1 9206
S2 9070
S3 8890
Bank Nifty(Sep Fut)-Trading Strategy
H6 9661 Trgt 2
H5 9588 Trgt 1
H4 9515 Long breakout
H3 9428 Go Short
H2 9399
H1 9370
L1 9313
L2 9284
L3 9255 Long
L4 9168 Short Breakout
L5 9095 Trgt 1
L6 9022 Trgt 2
Pre-Closing Outlook(13-09-2011)
Sharp slipping after intraday selling between 5020-5028 but support at lower level also between 4912-4936 after yesterday intraday buying between 4913-4928.
All trends are down and Higher levels selling today but lower levels support also at 4912 for the last 2 sessions also therefore I shall repeat following conclusive lines of yesterday Pre-Closing Outlook:-
1- Nifty will first trade between today range in the coming sessions and prepare for next moves.
2- As today sessions is showing lower levels buying and higher levels therefore tommorrow follow up buying/selling will give indication that Nifty is moving up or down.
All trends are down and Higher levels selling today but lower levels support also at 4912 for the last 2 sessions also therefore I shall repeat following conclusive lines of yesterday Pre-Closing Outlook:-
1- Nifty will first trade between today range in the coming sessions and prepare for next moves.
2- As today sessions is showing lower levels buying and higher levels therefore tommorrow follow up buying/selling will give indication that Nifty is moving up or down.
Market Outlook-2(13-09-2011)
As soon as selling seen and resistance developed between 5020-5028 then it was immediately updated in today Market Outlook when Nifty was trading above 5010. All trends are down,Indian markets are bearish and such down moves are very much possible after resistance formations therefore it was told well before the beginning of down moves.
Higher levels selling today and Nifty is trading between yesterday range 4912-4985. Nifty got support between 4913-4928 yesterday and slipping below 4912 will mean sharp fall.
Higher levels selling today and Nifty is trading between yesterday range 4912-4985. Nifty got support between 4913-4928 yesterday and slipping below 4912 will mean sharp fall.
Market Outlook(13-09-2011)
Sustained above 5000 and traded also 2 hours above but intraday resistance also seen between 5020-5028
Post-open Outlook(13-09-2011)
Following conclusive line was told in today Technical Analysis & Market Outlook
Upside break out possibilities are high
As was concluded same happened within first 5 minutes today and moved above 5000. Nifty sustaining above 5000 will be confirmations.
Upside break out possibilities are high
As was concluded same happened within first 5 minutes today and moved above 5000. Nifty sustaining above 5000 will be confirmations.
Technical Analysis & Market Outlook(13-09-2011)
Nifty-Intra Day Chart(12-Sep-2011):-
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| Just click on chart for its enlarged view |
1- Selling between 4965-4980
2- Buying between 4913-4928
3- Mixed Patterns between 4937-4963
4- Whole day trading between 4912-4985
Conclusions
All trends are down and Pull Back rally is on from 4720 which retraced from 5169. Crucial support range and Pull Back rally saviour is between 4948-5000 and it was broken down also yesterday on the back of disappointing IIP data and crashing Global markets.
Indian markets are not mature for any side decisive moves today because higher levels selling and lower levels buying yesterday and follow up buying/selling will decide next direction today. Indian markets will prepare for next moves between yesterday range and its break out as well as sustaining beyond will be next moves confirmations.
Global cues are more or less positive today morning and Indian markets also recovered from yesterday lower levels yesterday therefore Nifty will firstly trade between 4930-4980 after positive opening and its break out will be next moves first indication as well as sustaining beyond 4912-4985 will be next decisive move confirmation. Upside break out possibilities are high because Global cues are improving today.
Indian Stock Markets Closing Reports(12-Sep-2011)
1- Red closing.
2- All the Indices closed in Red.
3- Weak global cues led big fall.
Ratios
Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(12-Sep-2011): 17.86
Advances & Declines
BSE ADVANCES : 806
BSE DECLINES : 2010
NSE ADVANCES : 285
NSE DECLINES : 1160
Nifty Open Interest Changed Today
Nifty- 4900 CE(Sep)- +988100(+34.61%)
Nifty- 4900 PE(Sep)- +418850(+7.78%)
Nifty- 5000 CE(Sep)- +302050(+5.83%)
Nifty- 5000 PE(Sep)- -1031800(-15.42%)
Closing
Nifty- closed at 4,946.80(-112.65 Points & -2.23%)
Sensex- closed at 16,501.74(-365.23 Points & -2.17% )
CNX MIDCAP - closed at 7,235.60(-177.90 Points & -2.40%)
BSE SMALL CAP- closed at 7,168.06(-135.96 Points & -1.86%)
FII & DII trading activity in Capital Market Segment on 12-Sep-2011
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Nifty Spot-Levels & Trading Strategy for 13-09-2011
Nifty Spot-Levels
R3 5057
R2 5021
R1 4983
Avg 4947
S1 4909
S2 4873
S3 4835
Nifty Spot-Trading Strategy
H6 5020 Trgt 2
H5 5003 Trgt 1
H4 4986 Long breakout
H3 4966 Go Short
H2 4959
H1 4952
L1 4939
L2 4932
L3 4925 Long
L4 4905 Short Breakout
L5 4888 Trgt 1
L6 4871 Trgt 2
R3 5057
R2 5021
R1 4983
Avg 4947
S1 4909
S2 4873
S3 4835
Nifty Spot-Trading Strategy
H6 5020 Trgt 2
H5 5003 Trgt 1
H4 4986 Long breakout
H3 4966 Go Short
H2 4959
H1 4952
L1 4939
L2 4932
L3 4925 Long
L4 4905 Short Breakout
L5 4888 Trgt 1
L6 4871 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 13-09-2011
Nifty(Sep Fut)-Levels
R3 5058
R2 5018
R1 4980
Avg 4940
S1 4902
S2 4862
S3 4824
Nifty(Sep Fut)-Trading Strategy
H6 5020 Trgt 2
H5 5002 Trgt 1
H4 4984 Long breakout
H3 4963 Go Short
H2 4956
H1 4949
L1 4934
L2 4927
L3 4920 Long
L4 4899 Short Breakout
L5 4881 Trgt 1
L6 4863 Trgt 2
R3 5058
R2 5018
R1 4980
Avg 4940
S1 4902
S2 4862
S3 4824
Nifty(Sep Fut)-Trading Strategy
H6 5020 Trgt 2
H5 5002 Trgt 1
H4 4984 Long breakout
H3 4963 Go Short
H2 4956
H1 4949
L1 4934
L2 4927
L3 4920 Long
L4 4899 Short Breakout
L5 4881 Trgt 1
L6 4863 Trgt 2
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