BankNifty Spot-Weekly Levels & Trading Strategy(Oct 03 to Oct 07,2011)

BankNifty Spot-Weekly Levels

R3 10208
R2 9948
R1 9685
Avg 9425
S1 9162
S2 8902
S3 8639

BankNifty Spot-Weekly Trading Strategy 

H6 9959     Trgt 2
H5 9834     Trgt 1
H4 9709     Long breakout
H3 9565     Go Short
H2 9517
H1 9469
L1 9374
L2 9326
L3 9278     Long
L4 9134     Short Breakout
L5 9009     Trgt 1
L6 8884     Trgt 2

Pre-Closing Outlook(30-09-2011)

As soon as we realised that today first session rally is Short covering rally and will not sustaining at higher levels then we updated our views and told following lines:-

Short covering rally seems today sustaining at higher levels is doubtful.

Indian markets could not sustain at higher levels and slipped aharply after our above posting.Range bound markets for the last 37 sessions and highly Volatile markets between 4906-5034 for the last 4 days. Next strong supports are between 4906-4930 and slipping below 4906 will be strong down moves confirmation. Although resistances between 5000-5034 in last 4 days but not strong.

Expected that Nifty will open and firstly trade between 4906-5034 on Monday. Although Indian markets are closing in deep Red but intraday patterns are showing consolidation formations and last one hour support between 4925-4945 also therefore positive markets hopes are alive in Indian markets despite US futures and European markets are .85% to 2.4% down.

Sustaining beyond 4906-5034 will be gid move confirmation in next week.

Mid-session Outlook(30-09-2011)

It has been observed that all the Global markets dances on US markets tunes(Futures) during trading hours nowadays. Dow's Futures was trading more than 50 points down in the morning and when started to recover then up moves started in all Asian and Indian markets. As soon as Dow's Futures tumbled then all Asian markets also slipped from intra day higher levels. Dow's Futures is trading more 40 points down and Nifty is also trading 25 points down from today highest.


Short covering rally seems today sustaining at higher levels is doubtful.

Post-open Outlook(30-09-2011)

Clearly weak opening and Nifty slipped below 4970 also. Nifty traded more than 2 hours between 4960-4987 yesterday and after that fast 50 points up moves were seen during last 1 hour yesterday. Nifty is trading between 4955-4982 after weak opening today as well as traded most time within mentioned range(4960-4987).

As Nifty traded more than 2 hours between 4960-4987 yesterday and also trading between this range today therefore next moves preparation range has to be adjusted and sustaining beyond 4955-4987 will be next moves confirmation.

Firstly watch sustaining beyond 4955-4987 today for next moves confirmation.

Pre-open Outlook(30-09-2011)

All the Asian markets are reacting US markets through flat to negative zone trading therefore Indian markets will also open in the same manner and will open weak. Strong surge yesterday and Indian markets will prepare for next moves today for next moves between 4970-5010. Indian markets are range bound for the last 36 sessions with good supports are lower levels and good resistances are at higher levels also therefore markets will have prepare for next moves between mentioned range.

Sustaining beyond mentioned range will be result of next moves preparation within 4970-5010 therefore should be watched first for next moves confirmations.

Firstly watch Asian markets reaction on US markets closing

All the Asian markets opened weak but recovered from intra day lower levels and clsed near higher levels of the day yesterday and whole of this intra day up trend was on the back on whole day rising US Futures. As Indian markets also reacted in the same manner yesterday therefore Asian markets reaction on US markets closing should be watched first because Indian markets may also react in the same manner.

Nifty-Micro Analysis of Intra Day Chart For 30-09-2011

Nifty-Intra Day Chart(29-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4906-4930
2- Strong rally in Rising channel
3- Whole day trading between 4906-5034

Conclusions

Whole day strong rally in rising channel after support between 4906-4930 and closing near day's highest. Strong rally today and last 2 sessions range crossed by force therefore more up moves possibility in the coming sessions is higher but today upmoves were on the back of stronger US Futures therefore more confirmations are required for the commencement of Pull Back rally. Sustaining above minimum one resistance range(5020-5060) is must for confirmation of Pull Back rally.

Dow's Futures was more than 100 points up during indian trading hours and US markets strong closing is must for maintaing of strong sentiment tomorrow. As today sharp surge was the result of strong Dow's Futures therefore US markets equally strong closing is required for continuation of rally tomorrow otherwise today started up moves may halt/reverse tomorrow.

FII Trading Data in Derivatives Segment on 29-Sep-2011

FII & DII trading activity in Capital Market Segment on 29-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 29-Sep-2011 3539.32 3769.62 -230.3

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Sep-2011 1058.77 1461.65 -402.88

Indian Stock Markets Closing Reports(29-Sep-2011)

Main features of today trading are as follows

1- Sharp rally and closing at day's higher levels.
2- Engulfing Bullish Candle.
3- Strong recovery from lower levels and most indices closed positive but BSE  Mid Cap and Small Cap closed in Red.

Ratios

Nifty Put Call Ratio: 1.11
Nifty P/E Ratio(29-Sep-2011): 18.11

Advances & Declines

BSE ADVANCES : 1246
BSE DECLINES : 1539
NSE ADVANCES : 621
NSE DECLINES : 804

Nifty Open Interest Changed Today

Nifty- 4900 CE(Oct)- -3891550(-75.05%)
Nifty- 4900 PE(Oct)- +3222400(+45.54%)

Nifty- 5000 CE(Oct)- -3597700(-50.37%)
Nifty- 5000 PE(Oct)- +266950(+4.70%)

Nifty- 5100 CE(Oct)- -31750(-0.62%)
Nifty- 5100 PE(Oct)- -56950(-3.69%)

Closing 

Nifty- closed at 5,015.45(+69.55 Points & +1.41%)
Sensex- closed at 16,698.07(+252.05 Points & +1.53% )
CNX MIDCAP - closed at 7,118.95(+9.75 Points & +0.14%)
BSE SMALL CAP- closed at 6,942.17(-7.31 Points & -0.11%)

Pre-Closing Outlook(29-09-2011)

As soon as Indian markets got support at lower levels then it was immediately immediately informed at 12:03:00 PM  in Mid-session Outlook today and following line was told:-

1- Clear supports near 4907 in last 2 sessions and again support at same level today
2- next decisive moves confirmation range is 4905-4982

Last 3 sessions trading range crossed by force after getting good supports therefore up moves expectations are higher now. Next resistance range is between 5020-5060 and sustaining above this range will be pull back rally strong indication.

Mid-session Outlook(29-09-2011)

Following lines were told at 08:51:00 AM in Pre-open Outlook(29-09-2011):-

Nifty will first trade between 4907-4950 after weak opening today,slipping below 4918 will be first indication and sustainiing below 4907 will be deep down confirmation.

Nifty is trading between 4906-4943.45 and could not sustained below 4907 as well as moved up.

We cautioned within first half hour in Post-open Outlook(29-09-2011) and also clearly told for up moves in Dow's Futures, volatility and getting down moves confirmations through sustaining below 4907.

Clear supports near 4907 in last 2 sessions and again support at same level today therefore next decisive moves confirmation range is 4905-4982 and Nifty will trade between this range in the coming hours/session.

Indian Stock Markets 100% Accurate predictions Record

100% Accurate predictions is our 4 years records and its live proofs are always available in this Blog as well as in my orkut.com communities. 

Anyone may verify above facts

Live proofs of 100% Accurate prediction

Nifty is 37 points down and SENSEX is more than 110 points down today but we told for today weakness in all 4 Outlooks yesterday. Live proofs of 100% Accurate prediction of today weak market are as follows and anyone may verify anytime:-

1- We told at 10:18:00 AM in Post-open Outlook(28-09-2011), following line was told:-

Fist hour intra day patterns are showing weakness indication

2- We told at 10:42:00 AM in Post-open Outlook-2(28-09-2011), following line was told:-

weakness indications from intraday charts also


3- We told at 02:58:00 PM in Pre-Closing Outlook(28-09-2011), following line was told:-

As more selling at higher levels therefore weakness possibility in coming sessions turns higher.


4- We told at 06:34:00 PM in Nifty-Micro Analysis of Intra Day Chart For 29-09-2011, following line was told:-

Although lower levels support but higher levels good selling today also therefore expected that more weakness will be seen in the coming sessions.

We never told only a single word for any up move but clearly told 4 times only and only for weakness.

Post-open Outlook(29-09-2011)

As Dow Futures is more than 90 points up at this moment therefore volatility may be seen after weak open today. That weakness is being seen today which was told 4 times yesterday. Nifty slipped below 4918 but more down moves confirmation will be sustaining below 4907 therefore must be watched for confirmations.

NIFTY-Sep F&O-1st Shorting of 28-09-2011-Covering

NIFTY Sep F & O(Shorted on 28-09-2011)-Cover and book profit immediately-CMP-4908

Pre-open Outlook(29-09-2011)

Technical Analysis and Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 1 Charts therefore not being repeated:-

Nifty-Micro Analysis of Intra Day Chart For 29-09-2011

Nifty-Intra Day Chart(Sep 27 to Sep 28,2011):-

Just click on chart for its enlarged view

Nifty traded last 2 days between 4907-4982 and most time trading between 4918-4982  with higher levels selling and minor lower levels support. Expected that Nifty will first trade between 4907-4950 after weak opening today,slipping below 4918 will be first indication and sustainiing below 4907 will be deep down confirmation.

Weakness expected in Indian markets today.

FII Trading Data in Derivatives Segment on 28-Sep-2011

Nifty-Micro Analysis of Intra Day Chart For 29-09-2011

Nifty-Intra Day Chart(28-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intra day charts

1- Selling between 4963-4978
2- Selling between 4952-4965
3- Support between 4918-4938
4- Whole day trading between 4918-78.

Conclusions

Following line was told in Pre-Closing Outlook yesterday:-

"mixed signals between 4955-4980 in last 2 hours"

Although Nifty opened at 5006.05 today but slipped to 4982 in first second and could not sustained within last 2 hours range(4955-4980) of  yesterday therefore finally this range has proved a selling range.

Although lower levels support but higher levels good selling today also therefore expected that more weakness will be seen in the coming sessions.

FII & DII trading activity in Capital Market Segment on 28-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 28-Sep-2011 2705.14 2520.17 184.97

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Sep-2011 907.32 791.73 115.59

Indian Stock Markets Closing Reports(28-Sep-2011)

Main features of today trading are as follows

1- Negative closing after positive opening.
2- Black Candle.
3- Most Indices closed in Red except IT,FMCG,HC,Reality & Oil and Gas

Ratios

Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(28-Sep-2011): 17.86

Advances & Declines

BSE ADVANCES : 1038
BSE DECLINES : 1772
NSE ADVANCES : 426
NSE DECLINES : 1011

Nifty Open Interest Changed Today

Nifty- 4900 CE(Sep)- +1025200(+23.41%)
Nifty- 4900 PE(Sep)- +678700(+10.15%)

Nifty- 5000 CE(Sep)- +653100(+9.71%)
Nifty- 5000 PE(Sep)- -88550(-1.49%)

Closing 

Nifty- closed at 4,945.90(-25.35 Points & -0.51%)
Sensex- closed at 16,446.02(-78.01 Points & -0.47% )
CNX MIDCAP - closed at 7,109.20(-60.70 Points & -0.85%)
BSE SMALL CAP- closed at 6,949.48(-67.79 Points & -0.97%)