Mid-session Outlook(1910-2011)

Nifty traded 3 hours with mixed intraday patterns between 5108-5125 on 17-Oct-2011 and Nifty is again trading within or near about this range for the last 90 minutes. Selling and resistances above this range and minor supports also below this range. Sustaining beyond this range will be first strong indication next moves beginning therefore

Firstly watch sustaining beyond 5108-5125 for next moves confirmation.

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):-

Just click on chart for its enlarged view

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-Micro Analysis of Intra Day Chart For 19-10-2011

Nifty-Intra Day Chart(18-Oct-2011):-

Just click on chart for its enlarged view

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.

FII Trading Data in Derivatives Segment on 18-Oct-2011

FII & DII trading activity in Capital Market Segment on 18-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 18-Oct-2011 1821.6 2106.79 -285.19

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 18-Oct-2011 830.19 963.08 -132.89

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

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

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

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.

Technical Analysis,Researches & Market Outlook(18-10-2011)

Nifty-Intra Day Chart(17-Oct-2011):-

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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.

FII Trading Data in Derivatives Segment on 17-Oct-2011

FII & DII trading activity in Capital Market Segment on 17-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 17-Oct-2011 1857.5 1478.79 378.71

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Oct-2011 634.39 955.8 -321.41

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%)

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

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

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

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.

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.