Nifty-Micro Analysis of Intra Day Chart For 13-10-2011

Nifty-Intra Day Chart(12-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Weak IIP data based highly volatile market and negative news based consolidation between 5000-5055.
2- Up moves in Rising Channel.
3- Whole day trading between 5000-5108

Conclusions

Strong rally and no intraday selling formations today. Resistances between 4960-5060 has been cleared and next gap resistance of 5060-5110(today high is at 5109.80) is also crossed.

Market has shown complete strength today and next strong resistance range is between 5145-5169. Market has to consolidate for crossing and sustaining above 5169 and expected that this resistance will be cleared in the coming sessions.

Sustaining above next resistance 5145-5169 will be next rally confirmation.

FII & DII trading activity in Capital Market Segment on 12-Oct-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 12-Oct-2011 2653.35 2058.34 595.01

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 12-Oct-2011 1287.4 1393.95 -106.55

Indian Stock Markets Closing Reports(12-Oct-2011)

Main features of today trading are as follows

1- Long White Candle.
2- All the Indices closed in Green and at the top of the day.
3- Rally is continued after correction completion and m0re up moves are expected in the coming sessions.

Ratios

Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(12-Oct-2011): 18.43

Advances & Declines

BSE ADVANCES : 1851
BSE DECLINES :  975
NSE ADVANCES : 1012
NSE DECLINES :  399

Nifty Open Interest Changed Today

Nifty- 5100 CE(Oct)- -203350(-8.74%)
Nifty- 5100 PE(Oct)- +1294250(+25.63%)

Nifty- 5000 CE(Oct)- -943300(-20.54%)
Nifty- 5000 PE(Oct)- +1893850(+52.15%)

Nifty- 4900 CE(Oct)- -479950(-9.86%)
Nifty- 4900 PE(Oct)- +1809150(+148.95%)

Closing 

Nifty- closed at 5,099.40(+125.05 Points & +2.51%)
Sensex- closed at 16,958.39(+421.92 Points & +2.55% )
CNX MIDCAP - closed at 7,111.10(+113.35 Points & +1.62%)
BSE SMALL CAP- closed at 6,882.15(+80.06 Points & +1.18%)

Nifty Spot-Levels & Trading Strategy for 13-10-2011

Nifty Spot-Levels

R3 5250
R2 5179
R1 5139
Avg 5068
S1 5028
S2 4957
S3 4917

Nifty Spot-Trading Strategy

H6 5212    Trgt 2
H5 5186    Trgt 1
H4 5160    Long breakout
H3 5129    Go Short
H2 5119
H1 5109
L1 5088
L2 5078
L3 5068     Long
L4 5037    Short Breakout
L5 5011     Trgt 1
L6 4985     Trgt 2


As some calculation mistake in previously posted levels therefore correct levels are being updated again

Sorry for inconvience.

Nifty(Oct Fut)-Levels & Trading Strategy for 13-10-2011

Nifty(Oct Fut)-Levels

R3 5270
R2 5194
R1 5153
Avg 5077
S1 5036
S2 4960
S3 4919

Nifty(Oct Fut)-Trading Strategy

H6 5231     Trgt 2
H5 5203     Trgt 1
H4 5176     Long breakout
H3 5144     Go Short
H2 5133
H1 5122
L1 5101
L2 5090
L3 5079     Long
L4 5047     Short Breakout
L5 5020     Trgt 1
L6 4992     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 13-10-2011

Bank Nifty(Oct Fut)-Levels

R3 9982
R2 9760
R1 9629
Avg 9407
S1 9276
S2 9054
S3 8923

Bank Nifty(Oct Fut)-Trading Strategy

H6 9864     Trgt 2
H5 9778     Trgt 1
H4 9693     Long breakout
H3 9596     Go Short
H2 9563
H1 9531
L1 9466
L2 9434
L3 9401     Long
L4 9304     Short Breakout
L5 9219     Trgt 1
L6 9133     Trgt 2

Pre-Closing Outlook(12-10-2011)

Following line was told in Pre-open Outlook today;-

RIL and INFY Quarterly results had been Indian markets trend setters many times 

Indian markets saluted INFY quarterly results with more than 2.5% gains and ignored weak IIP data after highy volatile market. Rally is on after completion of yesterday correction. Resistance at 5060 crossed forcefully and continuation of on going rally expected in the coming sessions.

Mid-session Outlook-2(12-10-2011)

Nifty is trading at the top of the day for the last half hour and 12 points range of 5048-5060 will give confirmations of next decisive big move specially if sustains above 5060.

Mid-session Outlook(12-10-2011)

Positive news from INFY and negaive news from IIP data therefore contradictory news based highly volatile market today. Trend deciding levels have already beeen updated in Market Outlook(12-10-2011) and Nifty is trading within mentioned levels.

Forceful break out or sustaining beyond will be confirmations. As today intraday patternd are signalling consolidations therefore upward break out possibility is high.

Market Outlook(12-10-2011)

Following guidance was given in Post-open Outlook today:-

Sustaining above 5040 will be confirmation of yesterday correction completion and then strong rally will be seen after crosssing old resistance of 5060.

Although Nifty moved above 5040 but could not crosed 5060 and sharply down from 5048.40.

News base markets today. Up Moves after INFY results but slipping also after IIP data. Next conclusions will be to drawn from sustaining beyond following trading ranges:-

1- First Indication-5014-5045
2- Final confirmations- 4964-5060

Post-open Outlook(12-10-2011)

Following support was given in all the 3 previous outlooks despite sharp down moves yesterday:-

support between 4968-4978.

Nifty opened and trading above this range since opening today.

Strong Indian markets after INFY Quarterly results today but Selling seen between 5030-5040 also yesterday therefore this range is immediate resistance. Sustaining above 5040 will be confirmation of yesterday correction completion and then strong rally will be seen after crosssing old resistance of 5060.

Sentiment sparked after good INFY Quarterly results therefore news based strong market today and sustaining above 5040 will be firstly watched for next up moves confirmations.

Pre-open Outlook(12-10-2011)

Almost flat Indian markets closing yesterday after loosing more than 1% intraday gains but INFY results may show decisive direction to Indian markets and will confirm the fate of 4 sessions old pull back rally.

Although good higher level selling yesterday and down moves possibilities today are equally strong but RIL and INFY Quarterly results had been Indian markets trend setters many times therefore should be firstly watched today. 

Dow's Futures is more than 60 points down today morning and all the Asian markets are also trading in Red therefore sentiment is weak. Indian markets may be volatile immediately after opening today and finally sustaining beyond 4968-4978 will be next moves confirmation.

Nifty-Micro Analysis of Intra Day Chart For 12-10-2011

Nifty-Intra Day Chart(11-Oct-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5030-5040.
2- Selling between 5005-5017.
3- Minor intraday support between 4968-4978.
4- Whole day trading between 4964-5045

Conclusions

Profit booking possibility was clearly told before the opening of market in Pre-open Outlook(11-10-2011) and it was seen also as well as markets closed in Red after loosing more than 1% gains. Clear selling at higher levels therefore complete consolidation is required for any type of up moves and follow up selling as well as sustaining below 4964 will be confirmation 4 days old Pull back rally termination with sharp fall as well.

Good higher level selling but minor intraday support at lower level also between 4968-4978 therefore firstly sustaining beyond this range will be watched for next moves confirmation despite whatsoever Infosys Tech. Quarterly results and mentioned 10 points range will decide the fate of 4 days old Pull back rally. 

Indian Stock Markets Closing Reports(11-Oct-2011)

Main features of today trading are as follows

1- Benchmark Indices closed flat.
2- Black Candle
3- Correction of yesterday rally
4- Most Indices closed flat to minor loss/gains except IT which closed about 25 loss.

Ratios

Nifty Put Call Ratio: 1.23
Nifty P/E Ratio(11-Oct-2011): 18.01

Advances & Declines

BSE ADVANCES : 1536
BSE DECLINES : 1275
NSE ADVANCES :  823
NSE DECLINES :  599

Nifty Open Interest Changed Today

Nifty- 4900 CE(Oct)- -220250(-8.64%)
Nifty- 4900 PE(Oct)- +49750(+1.00%)

Nifty- 5000 CE(Oct)- +713400(+17.55%)
Nifty- 5000 PE(Oct)- +364250(+10.60%)

Nifty- 5100 CE(Oct)- +895900(+22.16%)
Nifty- 5100 PE(Oct)- +180850(+17.32%)

Closing 

Nifty- closed at 4,974.35(-5.25 Points & -0.11%)
Sensex- closed at 16,536.47(-20.76 Points & -0.13% )
CNX MIDCAP - closed at 6,997.75(+10.85 Points & +0.16%)
BSE SMALL CAP- closed at 6,802.09(+15.13 Points & +0.22%)

Nifty Spot-Levels & Trading Strategy for 12-10-2011

Nifty Spot-Levels

R3 5105.67
R2 5075.33
R1 5024.67
Avg 4994.33
S1 4943.67
S2 4913.33
S3 4862.67

Nifty Spot-Trading Strategy

H6 5055     Trgt 2
H5 5036     Trgt 1
H4 5018     Long breakout
H3 4996     Go Short
H2 4988
H1 4981
L1 4966
L2 4959
L3 4951     Long
L4 4929     Short Breakout
L5 4911     Trgt 1
L6 4892     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 12-10-2011

Nifty(Oct Fut)-Levels

R3 5119.67
R2 5087.33
R1 5034.67
Avg 5002.33
S1 4949.67
S2 4917.33
S3 4864.67

Nifty(Oct Fut)-Trading Strategy

H6 5067     Trgt 2
H5 5047     Trgt 1
H4 5028     Long breakout
H3 5005     Go Short
H2 4997
H1 4989
L1 4974
L2 4966
L3 4958     Long
L4 4935     Short Breakout
L5 4916     Trgt 1
L6 4896     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 12-10-2011

Bank Nifty(Oct Fut)-Levels

R3 9552.33
R2 9462.67
R1 9319.33
Avg 9229.67
S1 9086.33
S2 8996.67
S3 8853.33

Bank Nifty(Oct Fut)-Trading Strategy

H6 9409     Trgt 2
H5 9357     Trgt 1
H4 9304     Long breakout
H3 9240     Go Short
H2 9218
H1 9197
L1 9154
L2 9133
L3 9111     Long
L4 9047     Short Breakout
L5 8994     Trgt 1
L6 8942     Trgt 2

FII Trading Data in Derivatives Segment on 11-Oct-2011

FII & DII trading activity in Capital Market Segment on 11-Oct-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 11-Oct-2011 2821.63 2707.48 114.15

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Oct-2011 1338.5 1230.33 108.17

Pre-Closing Outlook(11-10-2011)

Following line was clearly told before the opening of today market in Pre-open Outlook today:-

Profit booking develops in today like sentiments therefore cautious approach is required.

Profit booking developed immediately after opening and Indian markets tumbled from higher levels,lost more than 1% gains and traded .30% down also. Good intra day selling at higher levels and minor intraday support also seen at lower level between 4968-4978.

It is premature to say at this moment that 3 days belore started pull back rally is over,sentiment was overheated therefore profit booking was expected today and seen also. Let follow up selling/buying deveop tomorrow then fate of on going rally will be decided and sustaining beyond today trading range(4964-5045) will be next moves confirmation.

Mid-session Outlook-3(11-10-2011)

Nitfy moved above 5010 but could not sustained above.slipped and again trading within 5093-5010. Fresh selling signals are also seen today between between  5008-5018 and sustaining below this range will be down moves strong indications.