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Indian Stock Markets Closing Reports(31-Oct-2011)

Main features of today trading are as follows

1- Benchmark Indices closed in Red while MIDCAP and SMALLCAP closed in Green.
2- Most Indices closed in Red but some closed in Green also.
3- Small Back Candle.
3- Although Red closing but intraday charts are not suggesting pure selling patterns and consolidation signals also.

Ratios

Nifty Put Call Ratio: 1.13
Nifty P/E Ratio(31-Oct-2011): 18.90

Advances & Declines

BSE ADVANCES : 1482
BSE DECLINES : 1392
NSE ADVANCES : 744
NSE DECLINES : 692

Nifty Open Interest Changed Today

Nifty- 5300 CE(Nov)- +190150(+6.04%)
Nifty- 5300 PE(Nov)- +490000(+15.95%)

Nifty- 5400 CE(Nov)- +790450(+17.28%)
Nifty- 5400 PE(Nov)- -90700(-6.27%)

Closing

Nifty- closed at 5,326.60(-34.10 Points & -0.64%)
Sensex- closed at 17,705.01(-99.79 Points & -0.56% )
CNX MIDCAP - closed at 7,267.15(+27.35 Points & +0.38%)
BSE SMALL CAP- closed at 6,974.61(+14.88 Points & +0.21%)

FII & DII trading activity in Capital Market Segment on 31-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	31-Oct-2011	2587.45	2228.67	358.78

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	31-Oct-2011	945.29	1221.65	-276.36

Nifty Spot-Levels & Trading Strategy for 01-11-2011

Nifty Spot-Levels

R3 5398
R2 5379
R1 5352
Avg 5333
S1 5306
S2 5287
S3 5260

Nifty Spot-Trading Strategy

H6 5372 Trgt 2
H5 5361 Trgt 1
H4 5351 Long breakout
H3 5338 Go Short
H2 5334
H1 5330
L1 5321
L2 5317
L3 5313 Long
L4 5300 Short Breakout
L5 5290 Trgt 1
L6 5279 Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 01-11-2011

Nifty(Nov Fut)-Levels

R3 5415
R2 5396
R1 5371
Avg 5352
S1 5327
S2 5308
S3 5283

Nifty(Nov Fut)-Trading Strategy

H6 5391 Trgt 2
H5 5381 Trgt 1
H4 5371 Long breakout
H3 5359 Go Short
H2 5355
H1 5351
L1 5342
L2 5338
L3 5334 Long
L4 5322 Short Breakout
L5 5312 Trgt 1
L6 5302 Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 01-11-2011

Bank Nifty(Nov Fut)-Levels

R3 10411
R2 10268
R1 10142
Avg 9999
S1 9873
S2 9730
S3 9604

Bank Nifty(Nov Fut)-Trading Strategy

H6 10289 Trgt 2
H5 10226 Trgt 1
H4 10163 Long breakout
H3 10089 Go Short
H2 10065
H1 10040
L1 9991
L2 9966
L3 9942 Long
L4 9868 Short Breakout
L5 9805 Trgt 1
L6 9742 Trgt 2

Pre-Closing Outlook(31-10-2011)

Global cues led hugely volatile markets nowadays and today also Dow's Futures is more than 110 points down as well as all the European markets are more than 1.20% down after gap down opening today. Indian markets also traded whole day in Red but intra day patterns are mixed and require confirmations for next moves.

Although lower levels buying today and technically bullish market confirmations also but profit booking also seen at higher levels today and on 28-10-2011. Finally sustaining above 5323 will be next strong rally confirmations and will be watched first.

Nifty traded whole day between mentioned range(5310-5370) with mixed intraday patterns. Although Red closing will be seen ater whole day negative zone trading but intraday patterns are not showing pure selling but consolidation indications also therefore today range break out will give next trend confirmations and will be firstly watched in the coming sessions.

Only watch break out of 5310-5370 and sustaining beyond 5323 for next moves confirmations.

Mid-session Outlook(31-10-2011)

Indian markets slipped after higher levels profit booking but did not sustained below 5323 and recovered also from lower levels. Following line was told in Technical Analysis & Market Outlook today:-

Nifty wil firstly trade between 5310-5370 and finally sustain above 5323 and rally will remain continued.

Today first 2 hours trading range is 5316.95-5360.25

Nifty will prepare for all the next moves between 5310-5370 and this range break out will be next moves confirmation therefore

Only watch break out of 5310-5370

Post-open Outlook-2(31-10-2011)

Profit booking possibility was clearly told in Technical Analysis & Market Outlook today and it was seen also at higher levels today. Dow's futures is more than 110 points down and all the Asian markets are also in Red as well as trading near day's lows.

Sentiment turned weak and immediate minor resistance developed between 5325-5350 therefore some weakness may be seen today and if Nifty finally sustains below 5323 then down moves will be considered.

Post-open Outlook(31-10-2011)

Dow's Futures is 90 points down and most Asian markets are also .50% to 1.00% down therefore sentiment turned weaker and Indian markets are also in Red since opening today. As some profit booking was expected therefore it was seen also immediately after opening today but supports will develop and until Nifty will not sustain below 5323 till then any down move will not be considered.