Nifty slipped after higher levels profit booking but minor intraday support also seen between 5093-5010 therefore sustaining beyond this range will be watched today for next moves confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(11-10-2011)
Continuation of rally was told for today market and Indian markets remained .50% to 1.00% up since opening today. Profit booking possibility and sustaining above 5060 condition was also told for today market in Pre-open Outlook(11-10-2011) and Nifty could not move up as well as slipped from higher levels after profit booking and forming high at 5045..
Profit Booking seen within resistance range and strong supports are at much lower levels. Intraday patterns are suggesting selling at higher levels and no support formation seen yet. More down moves possibilities can not be ruled out.
Profit Booking seen within resistance range and strong supports are at much lower levels. Intraday patterns are suggesting selling at higher levels and no support formation seen yet. More down moves possibilities can not be ruled out.
Pre-open Outlook(11-10-2011)
Strong global markets and sentiment is heated today morning and sustaining above first resistance(5060) is must for next up moves confirmations. Profit booking develops in today like sentiments therefore cautious approach is required.
Just watch sustaining above 5060.
Nifty-Micro Analysis of Intra Day Chart For 11-10-2011
Nifty-Intra Day Chart(10-Oct-2011):-
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| Just click on chart for its enlarged view |
1- Consolidation between 4885-4898
2- Consolidation between 4936-4959
3- Rising Channel Up move between 4950-4991
4- Last one hour Trading between Resistance Range 4980-4991
5- Whole day trading between 4884-4990
Conclusions
Whole day up moves with regular intraday consolidations. No intraday selling patterns and last one hour trading also seen between next resistance range(4960-5022). Global markets are blasting therefore sentiment has improved and continuation of on going rally expected in the coming sessions after higher levels consolidations.
We are not telling for up moves on the back of strong global cues today but We are continuously telling only for up moves since 05-10-2011 and its genuine proofs have also been updated in following 2 topics on 10-10-2011:-
1- Proofs of 100% accurate Nifty Predictions in our Blog
2- Up Moves Predictions of 05-Oct-2011 proved 100% true today
Resistances at higher levels according to its strength has been updated in following topic today:-
Technical Analysis,Researches & Market Outlook(11-10-2011)
Technical Analysis,Researches & Market Outlook(11-10-2011)
Nifty-EOD Chart(10-Oct-2011):-
Technical Patterns and Formations in EOD charts
1- Correction begun on 05-11-2010 in Falling Trend Line from 6338
2- 43 sessions range bound market between 4720-5229 at the lowest levels of correction.
Conclusions
Don't be Bullish or Bearish & only wait for sustaining beyond or forceful break out of 4720-5229 for next long term trend confirmation and:-
1- Above 5229 will be strong indication of 11 months correction termination.
2- Below 4720 will be confirmation of correction continuation.As up side break out is expected therefore levels below 4720 is not being given at this moment.
We are not telling today for 43 sessions range bound(4720-5229) but when Nifty made 4728 on 04-10-2011 then also we told following line in Technical Analysis and Research For 05-10-2011:-
1- "expected that Nifty will not sustain below 4720 at this moment"
Following guidance was also given in same topic:-
2- "It is the character of range bound markets that markets becomes extremely depressed at that lower levels and over enthusiastic at higher levels and markets reverse form that point also therefore first of all sustaining beyond 4720 will be watched today and in the coming sessions"
Nifty could not move below 4720 and strong rally begun from 05-10-2011. Next resistances are as follows:-
1- 4960-5022(Now weak)
2- Minor resistances upto 5060
3- Gap resistance between 5060-5110( of 22-09-2011)
4- Resistance between 5145-5169(Strong)
Rally is continued and above resistances are also at higher levels therefore more consolidation is required. No selling signal yet and global markets are also shooting up therefore positive market and continuation of on going rally is expected today.
Resistance between 5145-5169 is strong and sustaining beyond will be next moves first indication.
 |
| Just click on chart for its enlarged view |
1- Correction begun on 05-11-2010 in Falling Trend Line from 6338
2- 43 sessions range bound market between 4720-5229 at the lowest levels of correction.
Conclusions
Don't be Bullish or Bearish & only wait for sustaining beyond or forceful break out of 4720-5229 for next long term trend confirmation and:-
1- Above 5229 will be strong indication of 11 months correction termination.
2- Below 4720 will be confirmation of correction continuation.As up side break out is expected therefore levels below 4720 is not being given at this moment.
We are not telling today for 43 sessions range bound(4720-5229) but when Nifty made 4728 on 04-10-2011 then also we told following line in Technical Analysis and Research For 05-10-2011:-
1- "expected that Nifty will not sustain below 4720 at this moment"
Following guidance was also given in same topic:-
2- "It is the character of range bound markets that markets becomes extremely depressed at that lower levels and over enthusiastic at higher levels and markets reverse form that point also therefore first of all sustaining beyond 4720 will be watched today and in the coming sessions"
Nifty could not move below 4720 and strong rally begun from 05-10-2011. Next resistances are as follows:-
1- 4960-5022(Now weak)
2- Minor resistances upto 5060
3- Gap resistance between 5060-5110( of 22-09-2011)
4- Resistance between 5145-5169(Strong)
Rally is continued and above resistances are also at higher levels therefore more consolidation is required. No selling signal yet and global markets are also shooting up therefore positive market and continuation of on going rally is expected today.
Resistance between 5145-5169 is strong and sustaining beyond will be next moves first indication.
FII & DII trading activity in Capital Market Segment on 10-Oct-20111
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Indian Stock Markets Closing Reports(10-Oct-2011)
Main features of today trading are as follows
1- Long White Candle.
2- All the Indices closed in Green except HC
3- Tested and traded more than one hour within crucial resistance range 4960-5022,follow up consolidation and sustaining above 5022 will mean strong rally .
Ratios
Nifty Put Call Ratio: 1.22
Nifty P/E Ratio(10-Oct-2011): 18.03
Advances & Declines
BSE ADVANCES : 1692
BSE DECLINES : 1095
NSE ADVANCES : 950
NSE DECLINES : 476
Nifty Open Interest Changed Today
Nifty- 4800 CE(Oct)- -690750(-24.34%)
Nifty- 4800 PE(Oct)- +642800(+9.02%)
Nifty- 4900 CE(Oct)- -1035500(-28.62%)
Nifty- 4900 PE(Oct)- +1497350(+42.11%)
Nifty- 5000 CE(Oct)- -297450(-6.66%)
Nifty- 5000 PE(Oct)- +1221450(+52.17%)
Closing
Nifty- closed at 4,979.60(+91.55 Points & +1.87%)
Sensex- closed at 16,557.23(+324.69 Points & +2.00%)
CNX MIDCAP - closed at 6,989.70(+92.75 Points & +1.35%)
BSE SMALL CAP- closed at 6,786.96(+65.41 Points & +0.97%)
Nifty Spot-Levels & Trading Strategy for 11-10-2011
Nifty Spot-Levels
R3 5128
R2 5059
R1 5019
Avg 4950
S1 4910
S2 4841
S3 4801
Nifty Spot-Trading Strategy
H6 5090 Trgt 2
H5 5064 Trgt 1
H4 5038 Long breakout
H3 5008 Go Short
H2 4998
H1 4988
L1 4969
L2 4959
L3 4949 Long
L4 4919 Short Breakout
L5 4893 Trgt 1
L6 4867 Trgt 2
R3 5128
R2 5059
R1 5019
Avg 4950
S1 4910
S2 4841
S3 4801
Nifty Spot-Trading Strategy
H6 5090 Trgt 2
H5 5064 Trgt 1
H4 5038 Long breakout
H3 5008 Go Short
H2 4998
H1 4988
L1 4969
L2 4959
L3 4949 Long
L4 4919 Short Breakout
L5 4893 Trgt 1
L6 4867 Trgt 2
Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2011
Nifty(Oct Fut)-Levels
R3 5148
R2 5076
R1 5034
Avg 4962
S1 4920
S2 4848
S3 4806
Nifty(Oct Fut)-Trading Strategy
H6 5109 Trgt 2
H5 5082 Trgt 1
H4 5055 Long breakout
H3 5024 Go Short
H2 5013
H1 5003
L1 4982
L2 4972
L3 4961 Long
L4 4930 Short Breakout
L5 4903 Trgt 1
L6 4876 Trgt 2
R3 5148
R2 5076
R1 5034
Avg 4962
S1 4920
S2 4848
S3 4806
Nifty(Oct Fut)-Trading Strategy
H6 5109 Trgt 2
H5 5082 Trgt 1
H4 5055 Long breakout
H3 5024 Go Short
H2 5013
H1 5003
L1 4982
L2 4972
L3 4961 Long
L4 4930 Short Breakout
L5 4903 Trgt 1
L6 4876 Trgt 2
Bank Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2011
Bank Nifty(Oct Fut)-Levels
R3 9502
R2 9358
R1 9274
Avg 9130
S1 9046
S2 8902
S3 8818
Bank Nifty(Oct Fut)-Trading Strategy
H6 9423 Trgt 2
H5 9369 Trgt 1
H4 9315 Long breakout
H3 9252 Go Short
H2 9231
H1 9210
L1 9169
L2 9148
L3 9127 Long
L4 9064 Short Breakout
L5 9010 Trgt 1
L6 8956 Trgt 2
R3 9502
R2 9358
R1 9274
Avg 9130
S1 9046
S2 8902
S3 8818
Bank Nifty(Oct Fut)-Trading Strategy
H6 9423 Trgt 2
H5 9369 Trgt 1
H4 9315 Long breakout
H3 9252 Go Short
H2 9231
H1 9210
L1 9169
L2 9148
L3 9127 Long
L4 9064 Short Breakout
L5 9010 Trgt 1
L6 8956 Trgt 2
Pre-Closing Outlook(10-10-2011)
Whole day good intraday consolidation today and continuation of rally expected also. Nifty tested and trading between resistance range of 4960-5022 for the last one hour and sustaining above 5022 will mean strong rally.
Expected that Nifty will finally sustaiin above 5022 after more consolidations but sustaining above 5022 will be watched first for next up moves confirmations.
Expected that Nifty will finally sustaiin above 5022 after more consolidations but sustaining above 5022 will be watched first for next up moves confirmations.
Up Moves Predictions of 05-Oct-2011 proved 100% true today
1- In Indian Stock Markets Closing Reports(05-Oct-2011):- "Intraday charts are showing consolidationa and up moves beginning are expected from next week"
2- In Technical Analysis and Research For 07-10-2011:- "whole day intraday patterns are showing consolidations therefore up moves will begin in the coming 1/2 sessions"
We always speak with those proofs which all will always accept and no one can deny.
Our 4 Years record of daily 100% accurate predictions can be verified from this Blog ,our facebook.com big Groups(more than 13000 members) and orkut.com communities also.
Proofs of 100% accurate Nifty Predictions in our Blog
continuation of rally expected in the coming week.
Following line was also told in Post-open Outlook today
finally up moves are also expected
As we told same happened and Nifty is more than 1.2% up today
We always speak with those proofs which all will always accept and no one can deny.
Our 4 Years record of 100% accurate predictions can be verified from this Blog ,our facebook.com big Groups(more than 13000 members) and orkut.com communities also.
Post-open Outlook(10-10-2011)
Following line was told in Pre-Closing Outlook on 07-10-2011:-
"As mixed trading patterns today therefore Next moves confirmation will be sustaining beyond today trading range(4862-4922)"
Today first hour trading range is 4882.05-4914.75
Dow's Futures is more than 150 points up but Asian markets are flat mixed as well as Indian markets are also trading with minor gains. Intraday patterns are showing consolidations signals at lower levels today as well as finally up moves are also expected also. Sustaining beyond 4862-4922 will be next moves confirmations.
"As mixed trading patterns today therefore Next moves confirmation will be sustaining beyond today trading range(4862-4922)"
Today first hour trading range is 4882.05-4914.75
Dow's Futures is more than 150 points up but Asian markets are flat mixed as well as Indian markets are also trading with minor gains. Intraday patterns are showing consolidations signals at lower levels today as well as finally up moves are also expected also. Sustaining beyond 4862-4922 will be next moves confirmations.
Nifty Spot-Levels & Trading Strategy for 10-10-2011
Nifty Spot-Levels
R3 4980
R2 4951
R1 4919
Avg 4890
S1 4858
S2 4829
S3 4797
Nifty Spot-Trading Strategy
H6 4949 Trgt 2
H5 4935 Trgt 1
H4 4921 Long breakout
H3 4904 Go Short
H2 4899
H1 4893
L1 4882
L2 4876
L3 4871 Long
L4 4854 Short Breakout
L5 4840 Trgt 1
L6 4826 Trgt 2
R3 4980
R2 4951
R1 4919
Avg 4890
S1 4858
S2 4829
S3 4797
Nifty Spot-Trading Strategy
H6 4949 Trgt 2
H5 4935 Trgt 1
H4 4921 Long breakout
H3 4904 Go Short
H2 4899
H1 4893
L1 4882
L2 4876
L3 4871 Long
L4 4854 Short Breakout
L5 4840 Trgt 1
L6 4826 Trgt 2
Nifty(Oct Fut)-Levels & Trading Strategy for 10-10-2011
Nifty(Oct Fut)-Levels
R3 5001
R2 4970
R1 4934
Avg 4903
S1 4867
S2 4836
S3 4800
Nifty(Oct Fut)-Trading Strategy
H6 4965 Trgt 2
H5 4950 Trgt 1
H4 4934 Long breakout
H3 4916 Go Short
H2 4910
H1 4904
L1 4891
L2 4885
L3 4879 Long
L4 4861 Short Breakout
L5 4845 Trgt 1
L6 4830 Trgt 2
R3 5001
R2 4970
R1 4934
Avg 4903
S1 4867
S2 4836
S3 4800
Nifty(Oct Fut)-Trading Strategy
H6 4965 Trgt 2
H5 4950 Trgt 1
H4 4934 Long breakout
H3 4916 Go Short
H2 4910
H1 4904
L1 4891
L2 4885
L3 4879 Long
L4 4861 Short Breakout
L5 4845 Trgt 1
L6 4830 Trgt 2
Bank Nifty(Oct Fut)-Levels & Trading Strategy for 10-10-2011
Bank Nifty(Oct Fut)-Levels
R3 9370
R2 9255
R1 9149
Avg 9034
S1 8928
S2 8813
S3 8707
Bank Nifty(Oct Fut)-Trading Strategy
H6 9267 Trgt 2
H5 9215 Trgt 1
H4 9164 Long breakout
H3 9103 Go Short
H2 9083
H1 9063
L1 9022
L2 9002
L3 8982 Long
L4 8921 Short Breakout
L5 8870 Trgt 1
L6 8818 Trgt 2
R3 9370
R2 9255
R1 9149
Avg 9034
S1 8928
S2 8813
S3 8707
Bank Nifty(Oct Fut)-Trading Strategy
H6 9267 Trgt 2
H5 9215 Trgt 1
H4 9164 Long breakout
H3 9103 Go Short
H2 9083
H1 9063
L1 9022
L2 9002
L3 8982 Long
L4 8921 Short Breakout
L5 8870 Trgt 1
L6 8818 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Oct 10 to Oct 14,2011)
Nifty Spot-Weekly Levels
R3 5158
R2 5040
R1 4964
Avg 4846
S1 4770
S2 4652
S3 4576
Nifty Spot-Weekly Trading Strategy
H6 5088 Trgt 2
H5 5041 Trgt 1
H4 4994 Long breakout
H3 4941 Go Short
H2 4923
H1 4905
L1 4870
L2 4852
L3 4834 Long
L4 4781 Short Breakout
L5 4734 Trgt 1
L6 4687 Trgt 2
R3 5158
R2 5040
R1 4964
Avg 4846
S1 4770
S2 4652
S3 4576
Nifty Spot-Weekly Trading Strategy
H6 5088 Trgt 2
H5 5041 Trgt 1
H4 4994 Long breakout
H3 4941 Go Short
H2 4923
H1 4905
L1 4870
L2 4852
L3 4834 Long
L4 4781 Short Breakout
L5 4734 Trgt 1
L6 4687 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 10 to Oct 14,2011)
Bank Nifty Spot-Weekly Levels
R3 10082
R2 9707
R1 9375
Avg 9000
S1 8668
S2 8293
S3 7961
Bank Nifty Spot-Weekly Trading Strategy
H6 9784 Trgt 2
H5 9608 Trgt 1
H4 9431 Long breakout
H3 9237 Go Short
H2 9172
H1 9107
L1 8978
L2 8913
L3 8848 Long
L4 8654 Short Breakout
L5 8477 Trgt 1
L6 8301 Trgt 2
R3 10082
R2 9707
R1 9375
Avg 9000
S1 8668
S2 8293
S3 7961
Bank Nifty Spot-Weekly Trading Strategy
H6 9784 Trgt 2
H5 9608 Trgt 1
H4 9431 Long breakout
H3 9237 Go Short
H2 9172
H1 9107
L1 8978
L2 8913
L3 8848 Long
L4 8654 Short Breakout
L5 8477 Trgt 1
L6 8301 Trgt 2
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