Blasting global cues led gap up opening and after that 4 hours trading within 20 points(5125-5145) today is suggesting that today trading range break out will decide next strong trend. RBI will declare Credit Policy as well as derivative expiry also tomorrow therefore today trading range break out may give birth to next Mid/Long term trend.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(24-10-2011)
Asian markets are blasting today morning and all are 1.75% to 4.02% up except SSEC. Indian markets equally responded and Nifty is trading above 5120 since opening today. Strong global cues led market today therefore sustaining above 5120 is must for fresh up moves beginning confirmation because Indian markets closed near day's lowest after good selling last Friday.
Fresh consolidation is also required for decisive up trend formations because strong resistance between 5145-5220. If Nifty sustainins above 5120 in the coming couple of sessions then it will be strong indication of up moves and confirmation will be above 5220.
Fresh consolidation is also required for decisive up trend formations because strong resistance between 5145-5220. If Nifty sustainins above 5120 in the coming couple of sessions then it will be strong indication of up moves and confirmation will be above 5220.
Pre-open Outlook(24-10-2011)
All the Asian markets are 1% to 2.3% up today morning therefore sentiment turned strong and positive opening will be seen in Indian markets. Good selling seen between 5088-5120 last Friday and expected that Nifty will firstly trade between this range after strong opening today. Global cues led high volatility is daily feature nowadays and sustaining above 5120 is must for any up move confirmation.
Next moves confirmation range for today and next sessions is sustaining beyond 5088-5120
Next moves confirmation range for today and next sessions is sustaining beyond 5088-5120
Technical Analysis and Research For 24-10-2011
Nifty-EOD Chart(21-Oct-2011):-
 |
| Just click on chart for its enlarged view |
1- Range bound within 4720-5229 for the last 52 sessions.
2- 9 Sessions trading between 4964-5160.
Resistances are as follows;-
1- Old Resistance 5145-5220
2- Selling between 5135-5155(on 17-10-2011)
1- Selling between 5102-5120(on 21-10-2011)
2- Selling between 5088-5098(on 21-10-2011)
Support are as follows;-
1- Buying between 5012-5035(Strong support)
2- Buying between 4970-4983(Weak support)
Conclusions
As good selling at higher levels on 21-10-2011 therefore slipping below 5000 and testing of above mentioned supports is possible in the coming sessions. As no strong support between 4720-4964 therefore sustaining below 4964 will mean sharp fall.
Nifty-Micro Analysis of Intra Day Chart For 24-10-2011
Nifty-Intra Day Chart(21-Oct-2011):-
 |
| Just click on chart for its enlarged view |
1- Selling between 5102-5120
2- Selling between 5088-5098
3- Whole day trading between 5039-5120
Conclusions
Good selling at higher levels therefore more down moves are expected in the the coming sessions and Nifty may slip below 5000 also in next week. Next supports are as follows:-
1- 5012-5035(Strong support)
2- 4970-4983(Weak support)
Good selling on 21-10-2011 and high possibility of slipping below 5000. Sustaining below 4970 will mean sharp fall.
Indian Stock Markets Closing Reports(21-Oct-2011)
Main features of today trading are as follows
1- All the indices closed in Red except CD.
2- Black Candle.
3- All the indices closed near day's lowest after higher levels good selling.
4- Down moves are expected in next week after good selling at higher levels.
Ratios
Nifty Put Call Ratio: 0.94
Nifty P/E Ratio(21-Oct-2011): 17.99
Advances & Declines
BSE ADVANCES : 1085
BSE DECLINES : 1723
NSE ADVANCES : 494
NSE DECLINES : 926
Nifty Open Interest Changed Today
Nifty- 5000 CE(Oct)- +499050(+14.73%)
Nifty- 5000 PE(Oct)- +231550(+3.75%)
Nifty- 5100 CE(Oct)- +767350(+14.52%)
Nifty- 5100 PE(Oct)- -482800(-10.87%)
Nifty- 5200 CE(Oct)- +476200(+5.64%)
Nifty- 5200 PE(Oct)- -459150(-28.31%)
Closing
Nifty- closed at 5,049.95(+/-41.95 Points & +/-0.82%)
Sensex- closed at 16,785.64(-151.25 Points & -0.89% )
CNX MIDCAP - closed at 7,008.05(-54.90 Points & -0.78%)
BSE SMALL CAP- closed at 6,825.10(-41.17 Points & -0.60%)
1- All the indices closed in Red except CD.
2- Black Candle.
3- All the indices closed near day's lowest after higher levels good selling.
4- Down moves are expected in next week after good selling at higher levels.
Ratios
Nifty Put Call Ratio: 0.94
Nifty P/E Ratio(21-Oct-2011): 17.99
Advances & Declines
BSE ADVANCES : 1085
BSE DECLINES : 1723
NSE ADVANCES : 494
NSE DECLINES : 926
Nifty Open Interest Changed Today
Nifty- 5000 CE(Oct)- +499050(+14.73%)
Nifty- 5000 PE(Oct)- +231550(+3.75%)
Nifty- 5100 CE(Oct)- +767350(+14.52%)
Nifty- 5100 PE(Oct)- -482800(-10.87%)
Nifty- 5200 CE(Oct)- +476200(+5.64%)
Nifty- 5200 PE(Oct)- -459150(-28.31%)
Closing
Nifty- closed at 5,049.95(+/-41.95 Points & +/-0.82%)
Sensex- closed at 16,785.64(-151.25 Points & -0.89% )
CNX MIDCAP - closed at 7,008.05(-54.90 Points & -0.78%)
BSE SMALL CAP- closed at 6,825.10(-41.17 Points & -0.60%)
Nifty Spot-Levels & Trading Strategy for 24-10-2011
Nifty Spot-Levels
R3 5184
R2 5152
R1 5101
Avg 5069
S1 5018
S2 4986
S3 4935
Nifty Spot-Trading Strategy
H6 5133 Trgt 2
H5 5114 Trgt 1
H4 5095 Long breakout
H3 5072 Go Short
H2 5065
H1 5057
L1 5042
L2 5034
L3 5027 Long
L4 5004 Short Breakout
L5 4985 Trgt 1
L6 4966 Trgt 2
R3 5184
R2 5152
R1 5101
Avg 5069
S1 5018
S2 4986
S3 4935
Nifty Spot-Trading Strategy
H6 5133 Trgt 2
H5 5114 Trgt 1
H4 5095 Long breakout
H3 5072 Go Short
H2 5065
H1 5057
L1 5042
L2 5034
L3 5027 Long
L4 5004 Short Breakout
L5 4985 Trgt 1
L6 4966 Trgt 2
Nifty(Oct Fut)-Levels & Trading Strategy for 24-10-2011
Nifty(Oct Fut)-Levels
R3 5203
R2 5167
R1 5110
Avg 5074
S1 5017
S2 4981
S3 4924
Nifty(Oct Fut)-Trading Strategy
H6 5147 Trgt 2
H5 5126 Trgt 1
H4 5105 Long breakout
H3 5079 Go Short
H2 5071
H1 5062
L1 5045
L2 5036
L3 5028 Long
L4 5002 Short Breakout
L5 4981 Trgt 1
L6 4960 Trgt 2
R3 5203
R2 5167
R1 5110
Avg 5074
S1 5017
S2 4981
S3 4924
Nifty(Oct Fut)-Trading Strategy
H6 5147 Trgt 2
H5 5126 Trgt 1
H4 5105 Long breakout
H3 5079 Go Short
H2 5071
H1 5062
L1 5045
L2 5036
L3 5028 Long
L4 5002 Short Breakout
L5 4981 Trgt 1
L6 4960 Trgt 2
Bank Nifty(Oct Fut)-Levels & Trading Strategy for 24-10-2011
Bank Nifty(Oct Fut)-Levels
R3 9948
R2 9887
R1 9787
Avg 9726
S1 9626
S2 9565
S3 9465
Bank Nifty(Oct Fut)-Trading Strategy
H6 9848 Trgt 2
H5 9811 Trgt 1
H4 9775 Long breakout
H3 9731 Go Short
H2 9716
H1 9701
L1 9672
L2 9657
L3 9642 Long
L4 9598 Short Breakout
L5 9562 Trgt 1
L6 9525 Trgt 2
R3 9948
R2 9887
R1 9787
Avg 9726
S1 9626
S2 9565
S3 9465
Bank Nifty(Oct Fut)-Trading Strategy
H6 9848 Trgt 2
H5 9811 Trgt 1
H4 9775 Long breakout
H3 9731 Go Short
H2 9716
H1 9701
L1 9672
L2 9657
L3 9642 Long
L4 9598 Short Breakout
L5 9562 Trgt 1
L6 9525 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Oct 24 to Oct 28,2011)
Nifty Spot-Weekly Levels
R3 5175
R2 5112
R1 5136
Avg 5073
S1 5097
S2 5034
S3 5058
Nifty Spot-Weekly Trading Strategy
H6 5200 Trgt 2
H5 5190 Trgt 1
H4 5181 Long breakout
H3 5170 Go Short
H2 5167
H1 5163
L1 5156
L2 5152
L3 5149 Long
L4 5138 Short Breakout
L5 5129 Trgt 1
L6 5119 Trgt 2
R3 5175
R2 5112
R1 5136
Avg 5073
S1 5097
S2 5034
S3 5058
Nifty Spot-Weekly Trading Strategy
H6 5200 Trgt 2
H5 5190 Trgt 1
H4 5181 Long breakout
H3 5170 Go Short
H2 5167
H1 5163
L1 5156
L2 5152
L3 5149 Long
L4 5138 Short Breakout
L5 5129 Trgt 1
L6 5119 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 24 to Oct 28,2011)
Bank Nifty Spot-Weekly Levels
R3 10249
R2 10057
R1 9876
Avg 9684
S1 9503
S2 9311
S3 9130
Bank Nifty Spot-Weekly Trading Strategy
H6 10075 Trgt 2
H5 9988 Trgt 1
H4 9900 Long breakout
H3 9797 Go Short
H2 9763
H1 9729
L1 9660
L2 9626
L3 9592 Long
L4 9489 Short Breakout
L5 9401 Trgt 1
L6 9314 Trgt 2
R3 10249
R2 10057
R1 9876
Avg 9684
S1 9503
S2 9311
S3 9130
Bank Nifty Spot-Weekly Trading Strategy
H6 10075 Trgt 2
H5 9988 Trgt 1
H4 9900 Long breakout
H3 9797 Go Short
H2 9763
H1 9729
L1 9660
L2 9626
L3 9592 Long
L4 9489 Short Breakout
L5 9401 Trgt 1
L6 9314 Trgt 2
FII & DII trading activity in Capital Market Segment on 21-Oct-2011
| ||||||||||||||||
| ||||||||||||||||
Pre-Closing Outlook(21-10-2011)
As whole day intraday charts formations are suggesting selling formations therefore more down moves are expected in the next week and Nifty may slip below 5000 also in next week.
Mid-session Outlook-3(21-10-2011)
Although support also seen at lower levels after higher level selling but whole day intraday charts formations are suggesting selling formations therefore down moves are expected in the next week.
Mid-session Outlook-2(21-10-2011)
As soon as selling signals seen then it updated in Mid-session Outlook and markets slipped fast after our message. Although 5108-5125 broken down but strong supports between 5012-5050 therefore complete selling is required to move below 5012.
Next moves preparation and trading range is 5050-5108 and intraday support signals also emerged at lower levels today. Mixed signals today therefore let market ripe for next moves within today trading range(5072-5120) then final conclusions will be drawn from intraday patterns formations and its break out.
Next moves preparation and trading range is 5050-5108 and intraday support signals also emerged at lower levels today. Mixed signals today therefore let market ripe for next moves within today trading range(5072-5120) then final conclusions will be drawn from intraday patterns formations and its break out.
Mid-session Outlook(21-10-2011)
Market is positive but selling signals seen therefore keep in mind and watch sustaining beyond 5108-5125 for confirmations.
Post-open Outlook(21-10-2011)
Strong support developed between 5012-5155 in last 6 sessions and complete selling formations are required to move below 5012.
Nifty traded 3 Hours with mixed intra day patterns between 5108-5125 on 17-10-2011 and again same trading on 19-10-2011. Total 6 hours trading with mixed intra day patterns between 5108-5125 in 2 sessions and finally sustaining beyond this range will be next moves confirmations.
Just watch sustaining beyond 5108-5125 for next big moves confirmations.
Technical Analysis and Research For 21-10-2011
Nifty-Intra Day Chart(20-Oct-2011):-
Technical Patterns and Formations in today intraday charts
1- Down moves in Falling Channel.
2- Consolidation between 5034-5050.
3- Last 2 hours up moves between 5053-5097.
4- Whole day trading between 5034-5097.
Conclusions
On going pull back rally started on 05-10-2011 and its correction begun from 5160 after 8 sessions as well as good support also seen between 5012-5035 on 18-10-2011. As Global markets were bleeding therefore Indian markets dipped sharply after weak opening but again good intraday support and base formation seen between 5034-5050 today.
Huge violent volatility in Global markets nowadays therefore trading levels will be finalised accoring to global mood and sentiment tomorrow morning. Dow Jones is more than 110 points down after European markets near about 2% down closing but in Indian markets good support and base formation at lower levels(5012-5050) in last 6 sessions therefore expected that indian markets will remain range bound between 5012-5155.
Although Indian markets could not sustain at higher levels in last 6 corrective sessions but selling are not strong at higher levels therefore 5012-5155 break out should be watched for next moves confirmations despite whatsoever depressing global markets because good support and base formation between 5012-5050 also.
 |
| Just click on chart for its enlarged view |
1- Down moves in Falling Channel.
2- Consolidation between 5034-5050.
3- Last 2 hours up moves between 5053-5097.
4- Whole day trading between 5034-5097.
Conclusions
On going pull back rally started on 05-10-2011 and its correction begun from 5160 after 8 sessions as well as good support also seen between 5012-5035 on 18-10-2011. As Global markets were bleeding therefore Indian markets dipped sharply after weak opening but again good intraday support and base formation seen between 5034-5050 today.
Huge violent volatility in Global markets nowadays therefore trading levels will be finalised accoring to global mood and sentiment tomorrow morning. Dow Jones is more than 110 points down after European markets near about 2% down closing but in Indian markets good support and base formation at lower levels(5012-5050) in last 6 sessions therefore expected that indian markets will remain range bound between 5012-5155.
Although Indian markets could not sustain at higher levels in last 6 corrective sessions but selling are not strong at higher levels therefore 5012-5155 break out should be watched for next moves confirmations despite whatsoever depressing global markets because good support and base formation between 5012-5050 also.
Indian Stock Markets Closing Reports(20-Oct-2011)
Main features of today trading are as follows
1- Red closing even after good recovery from lower levels.
2- Bullish Hammer candle.
3- All the Indices closed in Red except IT.
4- Good support and base formation at lower levels today.
Ratios
Nifty Put Call Ratio: 1.06
Nifty P/E Ratio(20-Oct-2011): 18.14
Advances & Declines
BSE ADVANCES : 1106
BSE DECLINES : 1713
NSE ADVANCES : 495
NSE DECLINES : 905
Nifty Open Interest Changed Today
Nifty- 5000 CE(Oct)- +1206250(+53.73%)
Nifty- 5000 PE(Oct)- +34900(+0.56%)
Nifty- 5100 CE(Oct)- +1575200(+39.70%)
Nifty- 5100 PE(Oct)- +124550(+2.53%)
Nifty- 5200 CE(Oct)- +1670700(+24.48%)
Nifty- 5200 PE(Oct)- -42250(-2.54%)
Closing
Nifty- closed at 5,091.90(-47.25 Points & -0.92%)
Sensex- closed at 16,936.89(-148.45 Points & -0.87% )
CNX MIDCAP - closed at 7,062.95(-79.40 Points & -1.11%)
BSE SMALL CAP- closed at 6,866.27(-32.39 Points & -0.47%)
1- Red closing even after good recovery from lower levels.
2- Bullish Hammer candle.
3- All the Indices closed in Red except IT.
4- Good support and base formation at lower levels today.
Ratios
Nifty Put Call Ratio: 1.06
Nifty P/E Ratio(20-Oct-2011): 18.14
Advances & Declines
BSE ADVANCES : 1106
BSE DECLINES : 1713
NSE ADVANCES : 495
NSE DECLINES : 905
Nifty Open Interest Changed Today
Nifty- 5000 CE(Oct)- +1206250(+53.73%)
Nifty- 5000 PE(Oct)- +34900(+0.56%)
Nifty- 5100 CE(Oct)- +1575200(+39.70%)
Nifty- 5100 PE(Oct)- +124550(+2.53%)
Nifty- 5200 CE(Oct)- +1670700(+24.48%)
Nifty- 5200 PE(Oct)- -42250(-2.54%)
Closing
Nifty- closed at 5,091.90(-47.25 Points & -0.92%)
Sensex- closed at 16,936.89(-148.45 Points & -0.87% )
CNX MIDCAP - closed at 7,062.95(-79.40 Points & -1.11%)
BSE SMALL CAP- closed at 6,866.27(-32.39 Points & -0.47%)
Nifty Spot-Levels & Trading Strategy for 21-10-2011
Nifty Spot-Levels
R3 5181
R2 5140
R1 5115
Avg 5074
S1 5049
S2 5008
S3 4983
Nifty Spot-Trading Strategy
H6 5157 Trgt 2
H5 5142 Trgt 1
H4 5127 Long breakout
H3 5109 Go Short
H2 5103
H1 5097
L 5084
L2 5078
L3 5072 Long
L4 5054 Short Breakout
L5 5039 Trgt 1
L6 5024 Trgt 2
R3 5181
R2 5140
R1 5115
Avg 5074
S1 5049
S2 5008
S3 4983
Nifty Spot-Trading Strategy
H6 5157 Trgt 2
H5 5142 Trgt 1
H4 5127 Long breakout
H3 5109 Go Short
H2 5103
H1 5097
L 5084
L2 5078
L3 5072 Long
L4 5054 Short Breakout
L5 5039 Trgt 1
L6 5024 Trgt 2
Subscribe to:
Posts (Atom)