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NIFTY-Oct F&O-1st Selling of 13-10-2011-Trade
NIFTY(Oct Fut-Sell-Positional)SL-5106TGT-5026-CMP-5073
NIFTY(Oct Put Option-Buy-Positional)SL-5106TGT-5026-S.P.FOR Put-5000,5100(Oct Fut-Rates for all Options)-CMP-5073
Pre-Closing Outlook(13-10-2011)
Following line was told within first 15 minutes in Post-open Outlook today and Nifty slipped more than 50 points after our following message:-
Gap up opening,Trading in Green but not strong today
Following support was told in Mid-session Outlook today and Nifty moved up more than 30 points after our following posting:-
Minor support indications at lower levels also between 5079-5091
Lower levels buying and higher levels selling today but intraday patterns are showing selling formations therefore down moves are expected tomorrow.
Mid-session Outlook(13-10-2011)
Following line was told within first 15 minutes in Post-open Outlook today:-
Gap up opening,Trading in Green but not strong today
We clearly meant that market is not strong despite gap up opening and Green zone trading.
Nifty slipped more than 50 points after above message. Clear selling at higher levels today but complete selling required for temination of 5 sessions old rally. Minor support indications at lower levels also between 5079-5091 therefore follow up moves will give confirmation of next market.
As mixed trading positions today therefore today trading range(5079-5135) break out will be watched for next trending market confirmations.
Gap up opening,Trading in Green but not strong today
We clearly meant that market is not strong despite gap up opening and Green zone trading.
Nifty slipped more than 50 points after above message. Clear selling at higher levels today but complete selling required for temination of 5 sessions old rally. Minor support indications at lower levels also between 5079-5091 therefore follow up moves will give confirmation of next market.
As mixed trading positions today therefore today trading range(5079-5135) break out will be watched for next trending market confirmations.
Post-open Outlook(13-10-2011)
Gap up opening,Trading in Green but not strong today. Mentioned range(5090-5155) break out will be next moves confirmations.
Technical Analysis and Research For 13-10-2011
Nifty-EOD Chart(12-Oct-2011):-
Technical Patterns and Formations in EOD charts
1- 45 sessions range bound market between 5720-5229
2- Strong resistances between 5145-5220
3- Falling Trendline Resistance
Conclusions
Correction begun on 05-11-2010 in Falling Trend Line from 6338 and 45 sessions range bound market between 4720-5229 at the lowest levels of correction. 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 from that point also therefore first of all sustaining beyond 5229 will be watched in the coming sessions.
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.
Next strong resistances are between 5145-5220 and market require complete consolidation to cross 5229.As Nifty retraced 3 times earlier from the top of 45 sessions mentioned range therefore it does not mean that it will be repeated again. No selling formation till yesterday and fresh selling is must for beginning of any down moves but consolidation today will also mean strong rally possibility above 5229.
Global markets are trading with good gains and sentiment is upbeat today morning therefore firstly gap up opening and after that Nifty will trade between 5090-5155 as well as prepare for any type of market between this range. Break out and sustaining beyond this this range will be next moves confirmation.
Just watch 5090-5155 for next moves confirmations.
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| Just click on chart for its enlarged view |
1- 45 sessions range bound market between 5720-5229
2- Strong resistances between 5145-5220
3- Falling Trendline Resistance
Conclusions
Correction begun on 05-11-2010 in Falling Trend Line from 6338 and 45 sessions range bound market between 4720-5229 at the lowest levels of correction. 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 from that point also therefore first of all sustaining beyond 5229 will be watched in the coming sessions.
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.
Next strong resistances are between 5145-5220 and market require complete consolidation to cross 5229.As Nifty retraced 3 times earlier from the top of 45 sessions mentioned range therefore it does not mean that it will be repeated again. No selling formation till yesterday and fresh selling is must for beginning of any down moves but consolidation today will also mean strong rally possibility above 5229.
Global markets are trading with good gains and sentiment is upbeat today morning therefore firstly gap up opening and after that Nifty will trade between 5090-5155 as well as prepare for any type of market between this range. Break out and sustaining beyond this this range will be next moves confirmation.
Just watch 5090-5155 for next moves confirmations.
Nifty-Micro Analysis of Intra Day Chart For 13-10-2011
Nifty-Intra Day Chart(12-Oct-2011):-
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| Just click on chart for its enlarged view |
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
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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%)
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.
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
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
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
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):-
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.
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| Just click on chart for its enlarged view |
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%)
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
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
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