Nifty Spot-Weekly Levels & Trading Strategy(Sep 26 to Sep 30,2011)

Nifty Spot-Weekly Levels

R3 5419
R2 5293
R1 5080
Avg 4954
S1 4741
S2 4615
S3 4402

Nifty Spot-Weekly Trading Strategy

H6 5208     Trgt 2
H5 5131     Trgt 1
H4 5053     Long breakout
H3 4960     Go Short
H2 4929
H1 4898
L1 4835
L2 4804
L3 4773     Long
L4 4680     Short Breakout
L5 4602     Trgt 1
L6 4525     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Sep 26 to Sep 30,2011)

Bank Nifty Spot-Weekly Levels

R3 10504
R2 10233
R1 9803
Avg 9532
S1 9102
S2 8831
S3 8401

Bank Nifty Spot-Weekly Trading Strategy 

H6 10082     Trgt 2
H5 9920     Trgt 1
H4 9758     Long breakout
H3 9565     Go Short
H2 9501
H1 9437
L1 9308
L2 9244
L3 9180     Long
L4 8987     Short Breakout
L5 8825     Trgt 1
L6 8663     Trgt 2

Pre-Closing Outlook(23--09-2011)

Good supports seen at lower levels but selling also developed at higher levels in last 45 minutes therefore finally mixed patterns today and sustaining beyond today trading range will be next moves confirmations.

Mid-session Outlook-2(23--09-2011)

As supports at lower levels and intraday patterns are also showing  consolidations therefore decisive  up moves  possibility is high after crashing global cues backed correction completion.

Mid-session Outlook(23--09-2011)

As soon as minor intra day consolidation/supports developed then it was immediately updated in both previous outlooks and sharp more than 50 points of Nifty upmoves are also seen both times after our consolidation/supports postings.(Anyone can verify from today intraday charts)

Although good intraday supports at lower levels today bearish markets always remains highly volatile therefore today sustaining above 4912 will be firstly watched for next decisive up moves confirmations.

Post-open Outlook-2(23--09-2011)

Firstly Nifty recovered more than 55 points after minor intraday consolidation but faced resistance at 4900 and slipped sharply. Bearish markets and complete confirmation is must for any support formation,let it happen first then decisive up moves will be considered.

Although Indian markets are slipping sharply from higher levels but getting minor supports at lower levels also and it was again seen between 4830-4842 today. Confirmation will be sustaining above 4830 after complete consolidation and then any up move will be considered.

Post-open Outlook(23--09-2011)

Following lines were told in Pre-open Outlook today:-

4860 will be watched first today and slipping below it will mean more down moves and sustaining above 4912 will mean survival of crucial support within which Nifty closed yesterday.

Although Nifty slipped below 4860 but firstly hovered around 4860 after forming low at 4848. Indian markets are out performing Global markets and first 30 minutes intra day patterns are showing consolidation indications also. 

Next moves confirmations will be sustaining beyond 4848-4912.

Pre-open Outlook(23--09-2011)

Technical Analysis and Research of EOD chart,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 2 Charts therefore not being repeated:-

4720 Survival Today will Decide Next Long Moves & Trend

Global markets are melting and Asian markets are .50% to 4.35% down today morning. Sign of relief for Indian markets is that SGX Nifty is not showing such big fall and .65% down at this monebt. Fist conclusion will be drawn from that point where Indian markets stabilise after weak opening today.

4860 will be watched first today and slipping below it will mean more down moves and sustaining above 4912 will mean survival of crucial support within which Nifty closed yesterday.

Let market find its lowest in Global crashing markets then final conclusion after fresh base formation and intraday trading patterns.

4720 Survival Today will Decide Next Long Moves & Trend

Technical Analysis,Researches & Market Outlook For 23-09-2011


Nifty-Intra Day Chart(Sep 09 to Sep 22,2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 10 sessions intraday charts

1- Support between 4912-4960 
2- Nifty slipped a little below its lowest(4908) and closed within support range at 4923.

Conclusions

Technically Support range of 4912-4960 has not been broken down because Nifty closed within it yesterday but markets may be highly bearish after US market huge fall therefore deep Red trading is possible today and saving of 4720 will be watched first for stopping/continuation of next down moves confirmations.

Nifty-EOD Chart(22-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 32 sessions range bound markets between 4720-5229
2- Strong resistance between 5110-5220
3- No strong support between 4720-4908 

Crucial Empty Zone between 4720-4908

Nifty did not traded between 4720-4908 during last 16 sessions and will trade between this range after gap down opening today. No support between this area and only minor support is at 4720 therefore free fall within this range is very much possible amid most depressing sentiment at present.

Conclusions

All trends are down and lowest of 32 sessions crucial supports have been tested yesterday and no noticable support of last 32 sessions left. Sustaining below 4720 will mean again free fall and then following next supports will be watched:-

1- 4538
2- 4353
3- 3919

Most dampened sentiment and any lower level is possible because Indian markets are completely bearish and all the trends are down. Market require complete consolidation and base formation for trend reversal for any sustained rally. As last 32 sessions range bound market has been its hope also therefore sustaining beyond its lowest of 4720 will be watched first of all. Global markets are melting and if Nifty sustains below 4720 then above mentioned 3 supports will be watched for stopping of on going down moves.

Breaking down of 32 sessions range will mean again deep down moves therefore 4720 survival will tell about next long trend and moves because it will decide that 32 sessions range bound market is being ended today in Bearish mode or not. 

Finally expected that Nifty will get support near about 4720 and range bound market within 4720-5229 will remain continued in next week.

FII Trading Data in Derivatives Segment on 22-Sep-2011

FII & DII trading activity in Capital Market Segment on 22-Sep-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 22-Sep-2011 1364.68 2670.23 -1305.55

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Sep-2011 1421.47 678 743.47

Indian Stock Markets Closing Reports(22-Sep-2011)

Main features of today trading are as follows

1- Long Black Candle.
2- Deep Red Closing.
3- Crashing market and crucial supports broken down.

Ratios

Nifty Put Call Ratio: 1.25
Nifty P/E Ratio(22-Sep-2011): 17.78

Advances & Declines

BSE ADVANCES : 597
BSE DECLINES : 2248
NSE ADVANCES : 117
NSE DECLINES : 1348

Nifty Open Interest Changed Today

Nifty- 4900 CE(Sep)- +2372100(+95.32%)
Nifty- 4900 PE(Sep)- -760650(-10.45%)

Nifty- 5000 CE(Sep)- +1387200(+28.80%)
Nifty- 5000 PE(Sep)- -2346350(-25.19%)

Nifty- 5100 CE(Sep)- +1204100(+27.47%)
Nifty- 5100 PE(Sep)- -2566350(-45.54%)

Closing 

Nifty- closed at 4,923.65(-209.60 Points & -4.08%)
Sensex- closed at 16,361.15(-704.00 Points & -4.13% )
CNX MIDCAP - closed at 7,232.60(-235.40 Points & -3.15%)
BSE SMALL CAP- closed at 7,121.52(-230.49 Points & -3.14%)

Pre-Closing Outlook(22--09-2011)

Steep fall expectation was told in yesterday Pre-Closing Outlook and also next support testing(4912-4960)  possibility was also told in Mid-session Outlook today. Crashing like situation today and all crucial supports of last 31 sessions range broken down also.

Last minor support is at 4720 and until any support will not be develop till then stopping of on going down move will not be projected.

Mid-session Outlook (22--09-2011)

Nifty got 4th time resistance between 5100-5220 in last one month,also slipped below below crucial support(5020) and  now  high possibility of next support testing(4912-4960).

Pre-open Outlook(22--09-2011)

Only weakness was told yesterday through following lines in Pre-Closing Outlook yesterday:-

1- Nifty traded whole day between 5110-5169 with intra day selling patterns between 5145-5169
2- Slipping below 5100 will be confirmation of again resistance from previous resistance range(5100-5120) and then steep fall will be expected.

Already higher levels intraday selling yesterday and crashing global markets today will mean gap down opening and following support ranges testing will be seen.

1-5020-5045 
1-4912-4960  

31 Sessions range bound markets(4720-5229) with good supports at lower levels and strong resistances at higher levels therefore targets will remain within range and sustaining beyond 31 Sessions range will be next trend confirmation.

Most depressed sentiment today morning and next moves first indication will be sustaining beyond above mentioned 1st support range(5020-5045) and that will decide that market is slipping toward next support(4960) or will consolidate within 5045-5110.

Nifty Spot-Levels & Trading Strategy for 22-09-2011

Nifty Spot-Levels

R3 5223
R2 5195
R1 5164
PIVOT 5136
S1 5105
S2 5077
S3 5046

Nifty Spot-Trading Strategy

H6 5192     Trgt 2
H5 5178     Trgt 1
H4 5165     Long breakout
H3 5149     Go Short
H2 5143
H1 5138
L1 5127
L2 5122
L3 5116     Long
L4 5100     Short Breakout
L5 5087     Trgt 1
L6 5073     Trgt 2

Nifty(Sep Fut)-Levels & Trading Strategy for 22-09-2011

Nifty(Sep Fut)-Levels

R3 5231
R2 5202
R1 5171
PIVOT 5142
S1 5111
S2 5082
S3 5051

Nifty(Sep Fut)-Trading Strategy

H6 5201     Trgt 2
H5 5187     Trgt 1
H4 5174     Long breakout
H3 5157     Go Short
H2 5152
H1 5146
L1 5135
L2 5130
L3 5124     Long
L4 5108     Short Breakout
L5 5094     Trgt 1
L6 5080     Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 22-09-2011

Bank Nifty(Sep Fut)-Levels

R3 10134
R2 10044
R1 9978
PIVOT 9888
S1 9822
S2 9732
S3 9666

Bank Nifty(Sep Fut)-Trading Strategy

H6 10070    Trgt 2
H5 10034    Trgt 1
H4 9998     Long breakout
H3 9955     Go Short
H2 9941
H1 9927
L1 9898
L2 9884
L3 9870     Long
L4 9827     Short Breakout
L5 9791     Trgt 1
L6 9755     Trgt 2

Pre-Closing Outlook(21--09-2011)

Nifty traded whole day between 5110-5169 with intra day selling patterns between 5145-5169. Indian markets slipped after opening of Europen markets and last 3 hours mixed patterns between 5110-5130.

Mixed formations therefore today trading range break out will be next moves strong indication.Slipping below 5100 will be confirmation of again resistance from previous resistance range(5100-5120) and then steep fall will be expected.

Due to some reasons Blog updated little late today morning and expected that next outlook will be possible minimum after one hour.

Post-open Outlook(21--09-2011)

Although US markets slipped from intraday higher levels and closed flat but Dow's Futures is more than 45 points up since opening today and sentiment maintained ahd all the Asian markets are marginally up/down today morning.

Sentiment is already strong after yesterday strong rally and no damage from global cues therefore Indian markets traded positive since opening today. Nifty is trading between strong resistance range 5130-5220 and good consolidation at lower levels as well as trding above the "neckline of Inverted Head & Shoulders(Bullish) Pattern of last 30 days". Firstly sustaining above neckline and then crossing 5220 will mean strong rally after 30 sessions consolidations.

Don't be bullish immediately and just watch sustaining above 5130 and then crossing of 5170 for next signal of upmoves. Sentiment turned good today morning and in such heated situation profit booking may also be seen as well as Nifty retraced 3 times earlier from 5120-5220 also therefore firstly watch sustaining beyond 5120-5170 for next moves confirmations.