Strong opening,trading near today highs but sentiment turned heated therefore buying should be done after some intraday correction.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(1910-2011)
Strong opening,trading near today highs but sentiment turned heated therefore buying should be done after some intraday correction.
Technical Analysis and Research For 19-10-2011
Post-open Outlook(1910-2011)
Nifty-EOD Chart(18-Oct-2011):-
Technical Patterns and Formations in EOD charts
1- 49 Sessions range bound market between 4720-5229
2- Gap of resistance 18-10-2011(5058-5085)
3- 3 Days range bound market within 5070-5155
Conclusions
Indian markets consolidated at lower levels yesterday and it was updated during trading hours yesterday in Pre-Closing Outlook and following lines were told:-
Although deep Red closing today but consolidation signals also in today intraday patterns therefore view should be bearish after sustaining below 5012.
Following lines were told yesterday in Nifty-Micro Analysis of Intra Day Chart For 19-10-2011
As whole day consolidation patterns today therefore positive market as well as up moves continuation expected tomorrow.
Gap up opening today and Nifty is trading within mentioned 3 Days range bound market of 5070-5155 in which mixed patterns were seen between 13th oct to 17th oct 2011.
Follow up buying,up moves and positive market expected today.
Nifty-EOD Chart(18-Oct-2011):-
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| Just click on chart for its enlarged view |
1- 49 Sessions range bound market between 4720-5229
2- Gap of resistance 18-10-2011(5058-5085)
3- 3 Days range bound market within 5070-5155
Conclusions
Indian markets consolidated at lower levels yesterday and it was updated during trading hours yesterday in Pre-Closing Outlook and following lines were told:-
Although deep Red closing today but consolidation signals also in today intraday patterns therefore view should be bearish after sustaining below 5012.
Following lines were told yesterday in Nifty-Micro Analysis of Intra Day Chart For 19-10-2011
As whole day consolidation patterns today therefore positive market as well as up moves continuation expected tomorrow.
Gap up opening today and Nifty is trading within mentioned 3 Days range bound market of 5070-5155 in which mixed patterns were seen between 13th oct to 17th oct 2011.
Follow up buying,up moves and positive market expected today.
Nifty-Micro Analysis of Intra Day Chart For 19-10-2011
Nifty-Intra Day Chart(18-Oct-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5030-5057
2- Consolidation between 5011-5029
3- Whole day trading between 5011-5057
Conclusions
Gap down opening and whole day deep Red today trading was due to crashing Global markets cues therefore finally sustaining point of market will decide next trend. Although selling seen at higher levels but support also seen at lower levels today.
8 Days rally from the bottom of 49 sessions range lowest(4728) with 3 days range bound market with mixed intraday patterns within 5070-5155. As lower levels support today and and whole day intraday consolidation patterns also seen therefore sustaining above today high(5057) will be confirmation of 8 days corrction and its completion also today.
Today down moves were not the result of higher levels pure selling but depressing global cues therefore follow up buying in the coming sessions will mean up moves to test 8 days rally highest.
As whole day consolidation patterns today therefore positive market as well as up moves continuation expected tomorrow.
 |
| Just click on chart for its enlarged view |
1- Selling between 5030-5057
2- Consolidation between 5011-5029
3- Whole day trading between 5011-5057
Conclusions
Gap down opening and whole day deep Red today trading was due to crashing Global markets cues therefore finally sustaining point of market will decide next trend. Although selling seen at higher levels but support also seen at lower levels today.
8 Days rally from the bottom of 49 sessions range lowest(4728) with 3 days range bound market with mixed intraday patterns within 5070-5155. As lower levels support today and and whole day intraday consolidation patterns also seen therefore sustaining above today high(5057) will be confirmation of 8 days corrction and its completion also today.
Today down moves were not the result of higher levels pure selling but depressing global cues therefore follow up buying in the coming sessions will mean up moves to test 8 days rally highest.
As whole day consolidation patterns today therefore positive market as well as up moves continuation expected tomorrow.
FII & DII trading activity in Capital Market Segment on 18-Oct-2011
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Indian Stock Markets Closing Reports(18-Oct-2011)
Main features of today trading are as follows
1- Red closing.
2- Black Candle.
3- All the Indiced in Red.
4- Intraday support seen at lower levels today.
Ratios
Nifty Put Call Ratio: 1.15
Nifty P/E Ratio(18-Oct-2011): 18.00
Advances & Declines
BSE ADVANCES : 896
BSE DECLINES : 1891
NSE ADVANCES : 344
NSE DECLINES : 1077
Nifty Open Interest Changed Today
Nifty- 5000 CE(Oct)- +703750(+25.53%)
Nifty- 5000 PE(Oct)- -13200(-0.21%)
Nifty- 5100 CE(Oct)- +1100(+0.02%)
Nifty- 5100 PE(Oct)- -1185600(-29.40%)
Closing
Nifty- closed at 5,037.50(-80.75 Points & -1.58%)
Sensex- closed at 16,748.29(-276.80 Points & -1.63% )
CNX MIDCAP - closed at 7,047.65(-91.90 Points & -1.29%)
BSE SMALL CAP- closed at 6,854.38(-68.59 Points & -0.99%)
Nifty Spot-Levels & Trading Strategy for 19-10-2011
Nifty Spot-Levels
R3 5105
R2 5081
R1 5059
Avg 5035
S1 5013
S2 4989
S3 4967
Nifty Spot-Trading Strategy
H6 5083 Trgt 2
H5 5072 Trgt 1
H4 5062 Long breakout
H3 5049 Go Short
H2 5045
H1 5041
L1 5032
L2 5028
L3 5024 Long
L4 5011 Short Breakout
L5 5001 Trgt 1
L6 4990 Trgt 2
R3 5105
R2 5081
R1 5059
Avg 5035
S1 5013
S2 4989
S3 4967
Nifty Spot-Trading Strategy
H6 5083 Trgt 2
H5 5072 Trgt 1
H4 5062 Long breakout
H3 5049 Go Short
H2 5045
H1 5041
L1 5032
L2 5028
L3 5024 Long
L4 5011 Short Breakout
L5 5001 Trgt 1
L6 4990 Trgt 2
Nifty(Oct Fut)-Levels & Trading Strategy for 19-10-2011
Nifty(Oct Fut)-Levels
R3 5117
R2 5090
R1 5067
Avg 5040
S1 5017
S2 4990
S3 4967
Nifty(Oct Fut)-Trading Strategy
H6 5094 Trgt 2
H5 5082 Trgt 1
H4 5071 Long breakout
H3 5057 Go Short
H2 5053
H1 5048
L1 5039
L2 5034
L3 5030 Long
L4 5016 Short Breakout
L5 5005 Trgt 1
L6 4993 Trgt 2
R3 5117
R2 5090
R1 5067
Avg 5040
S1 5017
S2 4990
S3 4967
Nifty(Oct Fut)-Trading Strategy
H6 5094 Trgt 2
H5 5082 Trgt 1
H4 5071 Long breakout
H3 5057 Go Short
H2 5053
H1 5048
L1 5039
L2 5034
L3 5030 Long
L4 5016 Short Breakout
L5 5005 Trgt 1
L6 4993 Trgt 2
Bank Nifty(Oct Fut)-Levels & Trading Strategy for 19-10-2011
Bank Nifty(Oct Fut)-Levels
R3 9886
R2 9785
R1 9682
Avg 9581
S1 9478
S2 9377
S3 9274
Bank Nifty(Oct Fut)-Trading Strategy
H6 9785 Trgt 2
H5 9738 Trgt 1
H4 9691 Long breakout
H3 9635 Go Short
H2 9616
H1 9597
L1 9560
L2 9541
L3 9522 Long
L4 9466 Short Breakout
L5 9419 Trgt 1
L6 9372 Trgt 2
R3 9886
R2 9785
R1 9682
Avg 9581
S1 9478
S2 9377
S3 9274
Bank Nifty(Oct Fut)-Trading Strategy
H6 9785 Trgt 2
H5 9738 Trgt 1
H4 9691 Long breakout
H3 9635 Go Short
H2 9616
H1 9597
L1 9560
L2 9541
L3 9522 Long
L4 9466 Short Breakout
L5 9419 Trgt 1
L6 9372 Trgt 2
Pre-Closing Outlook(18-10-2011)
Crashed global cues led down moves today with intraday selling patterns between 5030-5045 and supports at lower levels also. Intraday positions are not one sided today and Nifty will again trade near about today trading range(5012-5045) therefore its break out will be next moves confirmation.
Although deep Red closing today but consolidation signals also in today intraday patterns therefore view should be bearish after sustaining below 5012.
Pre-open Outlook(18-10-2011)
All the Asian markets are showing crashing character after US markets more than 1.5% down closing yesterday and Indian markets will also react Global weakness through gap down opening today. Sustaining below 5080 will mean breaking down of last 3 days range and confirmation of 7 days old pull back rally termination as well as beginning of down moves within 48 sessions range bound markets(4720-5229) and next support of 4960-4980 may be tested.
Blog may not be updated in next 2/3 hours.
Blog may not be updated in next 2/3 hours.
Technical Analysis,Researches & Market Outlook(18-10-2011)
Nifty-Intra Day Chart(17-Oct-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5135-5155
2- Selling between 5121-5133
3- Last 3 hours mixed patterns between 5108-5125
4- Whole day trading between 5086-5155
Nifty-Intra Day Chart(Oct 13 to Oct 17,2011):-
Technical Patterns and Formations in last 3 sessions intraday charts
1- Last 3 days trading between 5070-5155
2- Buying,Selling and Mixed intraday patterns in last 3 days.
Conclusions
Lower levels buying,higher levels selling and also mixed intraday patterns in last 3 days. When all the global markets were blasting then we did not posted bullish views because strong resistance at higher levels between 5145-5220.
US markets are more than 1.75% down at this moment then also we are not bearish because pure selling patterns not seen in last 3 days and it has also been shown in above charts.
Expected that sentiment will be depressed today morning and weak opening will be seen in Indian markets also. Nifty traded between 5080-5155 in last 3 days and sustaining below 5080 is must for the confirmation of 7 days old pull back rally termination.
Violent volatility in Global markets nowadays. US markets were more than 1.5% up last Friday and today down in same pct terms. Indian markets did not responded strong Global cues yesterday and closed with minor loss. Let Indian markets react Global weakness then Indian markets reaction will be understood and will be updated in the Blog as lesser strength was told within first 2 minutes yesterday.
Only watch that Nifty is sustaining below 5080 or not after weak opening today. Something cooked between 5080-5155 in last 3 days and sustaining beyond this range will be next strong moves confirmation therefore will be watched firstly today.
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| Just click on chart for its enlarged view |
1- Selling between 5135-5155
2- Selling between 5121-5133
3- Last 3 hours mixed patterns between 5108-5125
4- Whole day trading between 5086-5155
Nifty-Intra Day Chart(Oct 13 to Oct 17,2011):-
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| Just click on chart for its enlarged view |
1- Last 3 days trading between 5070-5155
2- Buying,Selling and Mixed intraday patterns in last 3 days.
Conclusions
Lower levels buying,higher levels selling and also mixed intraday patterns in last 3 days. When all the global markets were blasting then we did not posted bullish views because strong resistance at higher levels between 5145-5220.
US markets are more than 1.75% down at this moment then also we are not bearish because pure selling patterns not seen in last 3 days and it has also been shown in above charts.
Expected that sentiment will be depressed today morning and weak opening will be seen in Indian markets also. Nifty traded between 5080-5155 in last 3 days and sustaining below 5080 is must for the confirmation of 7 days old pull back rally termination.
Violent volatility in Global markets nowadays. US markets were more than 1.5% up last Friday and today down in same pct terms. Indian markets did not responded strong Global cues yesterday and closed with minor loss. Let Indian markets react Global weakness then Indian markets reaction will be understood and will be updated in the Blog as lesser strength was told within first 2 minutes yesterday.
Only watch that Nifty is sustaining below 5080 or not after weak opening today. Something cooked between 5080-5155 in last 3 days and sustaining beyond this range will be next strong moves confirmation therefore will be watched firstly today.
FII & DII trading activity in Capital Market Segment on 17-Oct-2011
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Indian Stock Markets Closing Reports(17-Oct-2011)
Main features of today trading are as follows
1- Benchmark Indices closed in Red.
2- Black Candle.
3- No clear trend and most Indices closed with minor gains/loss
Ratios
Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(17-Oct-2011): 18.50
Advances & Declines
BSE ADVANCES : 1314
BSE DECLINES : 1453
NSE ADVANCES : 669
NSE DECLINES : 761
Nifty Open Interest Changed Today
Nifty- 5000 CE(Oct)- -36500(-1.29%)
Nifty- 5000 PE(Oct)- -28300(-0.43%)
Nifty- 5100 CE(Oct)- +1269500(+30.21%)
Nifty- 5100 PE(Oct)- +121650(+2.89%)
Nifty- 5200 CE(Oct)- +1069150(+16.90%)
Nifty- 5200 PE(Oct)- +74450(+5.25%)
Closing
Nifty- closed at 5,118.25(-14.05 Points & -0.27%)
Sensex- closed at 17,025.09(-57.60 Points & -0.34% )
CNX MIDCAP - closed at 7,139.55(+3.60 Points & +0.05%)
BSE SMALL CAP- closed at 6,922.97(+15.01 Points & +0.22%)
1- Benchmark Indices closed in Red.
2- Black Candle.
3- No clear trend and most Indices closed with minor gains/loss
Ratios
Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(17-Oct-2011): 18.50
Advances & Declines
BSE ADVANCES : 1314
BSE DECLINES : 1453
NSE ADVANCES : 669
NSE DECLINES : 761
Nifty Open Interest Changed Today
Nifty- 5000 CE(Oct)- -36500(-1.29%)
Nifty- 5000 PE(Oct)- -28300(-0.43%)
Nifty- 5100 CE(Oct)- +1269500(+30.21%)
Nifty- 5100 PE(Oct)- +121650(+2.89%)
Nifty- 5200 CE(Oct)- +1069150(+16.90%)
Nifty- 5200 PE(Oct)- +74450(+5.25%)
Closing
Nifty- closed at 5,118.25(-14.05 Points & -0.27%)
Sensex- closed at 17,025.09(-57.60 Points & -0.34% )
CNX MIDCAP - closed at 7,139.55(+3.60 Points & +0.05%)
BSE SMALL CAP- closed at 6,922.97(+15.01 Points & +0.22%)
Nifty Spot-Levels & Trading Strategy for 18-10-2011
Nifty Spot-Levels
R3 5233
R2 5196
R1 5157
Avg 5120
S1 5081
S2 5044
S3 5005
Nifty Spot-Trading Strategy
H6 5194 Trgt 2
H5 5177 Trgt 1
H4 5159 Long breakout
H3 5138 Go Short
H2 5131
H1 5124
L1 5111
L2 5104
L3 5097 Long
L4 5076 Short Breakout
L5 5058 Trgt 1
L6 5041 Trgt 2
R3 5233
R2 5196
R1 5157
Avg 5120
S1 5081
S2 5044
S3 5005
Nifty Spot-Trading Strategy
H6 5194 Trgt 2
H5 5177 Trgt 1
H4 5159 Long breakout
H3 5138 Go Short
H2 5131
H1 5124
L1 5111
L2 5104
L3 5097 Long
L4 5076 Short Breakout
L5 5058 Trgt 1
L6 5041 Trgt 2
Nifty(Oct Fut)-Levels & Trading Strategy for 18-10-2011
Nifty(Oct Fut)-Levels
R3 5238
R2 5200
R1 5157
Avg 5119
S1 5076
S2 5038
S3 4995
Nifty(Oct Fut)-Trading Strategy
H6 5196 Trgt 2
H5 5178 Trgt 1
H4 5159 Long breakout
H3 5137 Go Short
H2 5129
H1 5122
L1 5107
L2 5100
L3 5092 Long
L4 5070 Short Breakout
L5 5051 Trgt 1
L6 5033 Trgt 2
R3 5238
R2 5200
R1 5157
Avg 5119
S1 5076
S2 5038
S3 4995
Nifty(Oct Fut)-Trading Strategy
H6 5196 Trgt 2
H5 5178 Trgt 1
H4 5159 Long breakout
H3 5137 Go Short
H2 5129
H1 5122
L1 5107
L2 5100
L3 5092 Long
L4 5070 Short Breakout
L5 5051 Trgt 1
L6 5033 Trgt 2
Bank Nifty(Oct Fut)-Levels & Trading Strategy for 18-10-2011
Bank Nifty(Oct Fut)-Levels
R3 9906
R2 9847
R1 9774
Avg 9715
S1 9642
S2 9583
S3 9510
Bank Nifty(Oct Fut)-Trading Strategy
H6 9834 Trgt 2
H5 9804 Trgt 1
H4 9774 Long breakout
H3 9738 Go Short
H2 9726
H1 9714
L1 9689
L2 9677
L3 9665 Long
L4 9629 Short Breakout
L5 9599 Trgt 1
L6 9569 Trgt 2
R3 9906
R2 9847
R1 9774
Avg 9715
S1 9642
S2 9583
S3 9510
Bank Nifty(Oct Fut)-Trading Strategy
H6 9834 Trgt 2
H5 9804 Trgt 1
H4 9774 Long breakout
H3 9738 Go Short
H2 9726
H1 9714
L1 9689
L2 9677
L3 9665 Long
L4 9629 Short Breakout
L5 9599 Trgt 1
L6 9569 Trgt 2
Pre-Closing Outlook(17-10-2011)
Following lines were told in Pre-Closing Outlook(14-10-2011)
last 90 minutes intraday patterns are also showing mixed formations therefore sustaining beyond 5112-5140 will be firstly watched for confirmation on next Monday.
Today intraday charts are showing that Nifty traded most of the time between last Friday range(5112-5140) and again traded with mixed intraday patterns in last 3 hours between 5108-5125.
It is clear that next strong moves have been cooked between 5108-5140 in last 2 days and this range break out will give following decisive moves:-
1- Termination of 6 days old pull back rally below 5108/5085 or
2- Continuation of rally above 5125/5160 but strong resistances at higher levels therefore complete consolidation is required.
Mixed intraday patterns therefore will be safer to get confirmation through break out of above mentioned ranges for next strong trend.
last 90 minutes intraday patterns are also showing mixed formations therefore sustaining beyond 5112-5140 will be firstly watched for confirmation on next Monday.
Today intraday charts are showing that Nifty traded most of the time between last Friday range(5112-5140) and again traded with mixed intraday patterns in last 3 hours between 5108-5125.
It is clear that next strong moves have been cooked between 5108-5140 in last 2 days and this range break out will give following decisive moves:-
1- Termination of 6 days old pull back rally below 5108/5085 or
2- Continuation of rally above 5125/5160 but strong resistances at higher levels therefore complete consolidation is required.
Mixed intraday patterns therefore will be safer to get confirmation through break out of above mentioned ranges for next strong trend.
Mid-session Outlook(17-10-2011)
Although gap up opening but was not strong therefore it was updated within first 2 minutes after opening in Post-open Outlook today and Nifty slipped also more than 30 points after our above message.
Minor intraday selling seen at higher levels today and until Nifty will not cross 5155 till then next up move will not be considered but market require complete formations for any side decisive moves and will prepare in the coming hpurs for that.
Intraday selling after lesser strength opening is weakness signal and sustaining below 5112 will be down moves confirmation. Indian markets are trading within mentioned range(5112-5172) since opening today and its break out will be next moves confirmations.
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