Nifty(Nov Fut)-Levels & Trading Strategy for 03-11-2011

Nifty(Nov Fut)-Levels

R3 5419
R2 5376
R1 5328
Avg 5285
S1 5237
S2 5194
S3 5146

Nifty(Nov Fut)-Trading Strategy

H6 5371     Trgt 2
H5 5350     Trgt 1
H4 5330     Long breakout
H3 5305     Go Short
H2 5296
H1 5288
L1 5271
L2 5263
L3 5254     Long
L4 5229     Short Breakout
L5 5209     Trgt 1
L6 5188     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 03-11-2011

Bank Nifty(Nov Fut)-Levels

R3 10126
R2 10032
R1 9928
Avg 9834
S1 9730
S2 9636
S3 9532

Bank Nifty(Nov Fut)-Trading Strategy

H6 10023     Trgt 2
H5  9978     Trgt 1
H4  9932    Long breakout
H3  9878    Go Short
H2  9860
H1  9842
L1  9805
L2  9787
L3  9769    Long
L4  9715    Short Breakout
L5  9669    Trgt 1
L6  9624    Trgt 2

Pre-Closing Outlook(03-11-2011)

Initial consolidation indications and after that intra day support between 5203-5224. As Dow's Futures surged more than 90 points from intra day lower levels therefore all the European and Indian markets also moved up sharply after  01:30pm. Positive closing above 5254 will be seen but today last 2 hours up moves are US Futures backed therefore sustaining above 5452 and minimum crossing of next resistance is must for confirmation of correction completion and it will be watched first of all tomorrow.

Mid-session Outlook-2(03-11-2011)

Following 3 technical positions have been posted in both previous outlooks:-

1- Indian markets are out performing global markets and 
2- minor indications of consolidations
3- sustaining beyond 5229-5254 for next moves confirmations.

Nifty slipped below 5229 after increased inflation data and traded more than 2 hours between 5203-5224 but could not sustain below 5229,moved up and again trading between 5229-5254.

Minor indications of consolidations were seen and it was updated also in Mid-session Outlook today. Indian markets ignored increased inflation data,out performing global markets but last half hour fast up moves are on the back of sharp 90 points surge in US futures therefore rally confirmations through sustaining above 5254 is must. 

Just watch sustaining beyond 5229-5254 for next moves confirmations.

Mid-session Outlook(03-11-2011)

Nifty traded most time between 5229-5254 today and importance these levels are as follows:-

1- 5229 is previous 54 range highest and sustaining below it will mean moving into range bound market within 4720-5229 and then more down moves will be expected.
2- 5254 is today pivot point and sustaining above it will mean possibility of on going correction completion.

Selling at higher levels in last 4 sessions and markets are down also but minor indications of consolidations today therefore Just watch sustaining beyond 5229-5254 for above mentioned next moves confirmations.

Post-open Outlook(03-11-2011)

Indian markets are in Red but out performing global markets today morning therefore firstly sustaining beyond 5254 will be watched for next moves confirmations.

Pre-open Outlook(03-11-2011)

Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topic with 1 Chart therefore not being repeated:-

Nifty-Micro Analysis of Intra Day Chart For 03-11-2011

Nifty traded 3 hours between 5377-5297 with intraday selling patterns and more down moves have already been updated in both previous outlooks yesterday. Although US markets closed with 1.5% gains but its Futures are more than 1% down today and all the Asian markets are also sharply down today therefore sentiment is weak and and negative zone trading will be seen after weak opening today. Correction is on and just click following link for Nifty next supports and retracement levels:-

Technical Analysis,Researches & Market Outlook(02-11-2011)

Sustaining below 5229 will mean reentering into previous 54 sessions range bound markets and failure of European news generated above 5323 rally also.

Most uncertain European newsflow,Global markets and US markets Futures which trades in reverse direction of its previous day. As highly volatile markets without any base therefore most cautious approach is required. Lot of things will depend on Greece referendum tomorrow and results of G-20 meet as well as continuation or completion of Indian markets correction will also be decided according to its results.

Expected that Nifty will firstly trade and prepare for next moves between 5195-5235 after weak opening today. More weakness expected and sustaining beyond this range will be next moves confirmations.

FII Trading Data in Derivatives Segment on 02-Nov-2011

Nifty-Micro Analysis of Intra Day Chart For 03-11-2011

Nifty-Intra Day Chart(02-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly upmoves in rising channel without consolidation
2- 3 hours selling between 5377-5297
3- Whole day trading between 5229-5299

Conclusions

Up moves started without any consolidation and selling seen within 5377-5297. As today selling is just below previous resistances( 5295-5310) therefore more down moves and continuation of ongoing correction expected in the coming sessions.

FII & DII trading activity in Capital Market Segment on 02-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 02-Nov-2011 1469.28 1477.06 -7.78

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 02-Nov-2011 736.5 744.29 -7.79

Indian Stock Markets Closing Reports(02-Nov-2011)

Main features of today trading are as follows

1- Most Indices closed with minor gains/loss and almost flat closing.
2- White Candle but flat closing.
3- Selling at higher levels and most Indices closed near day's lows.

Ratios

Nifty Put Call Ratio: 1.20
Nifty P/E Ratio(02-Nov-2011): 19.04

Advances & Declines

BSE ADVANCES : 1399
BSE DECLINES : 1443
NSE ADVANCES :  682
NSE DECLINES :  734

Nifty Open Interest Changed Today

Nifty- 5200 CE(Nov)- +45350(+1.78%)
Nifty- 5200 PE(Nov)- +504400(+11.76%)

Nifty- 5300 CE(Nov)- +270250(+6.34%)
Nifty- 5400 PE(Nov)- +504650(+16.43%)

Closing 

Nifty- closed at 5,258.45(+0.50 Points & +0.01%)
Sensex- closed at 17,464.85(+15.98 Points & +0.09%)
CNX MIDCAP - closed at 7,221.00(+15.60 Points & +0.22%)
BSE SMALL CAP- closed at 6,932.23(-4.24 Points & -0.06%)

Nifty Spot-Levels & Trading Strategy for 03-11-2011

Nifty Spot-Levels

R3 5400
R2 5350
R1 5304
Avg 5254
S1 5208
S2 5158
S3 5112

Nifty Spot-Trading Strategy

H6 5355     Trgt 2
H5 5332    Trgt 1
H4 5310     Long breakout
H3 5284     Go Short
H2 5275
H1 5266
L1 5249
L2 5240
L3 5231    Long
L4 5205     Short Breakout
L5 5183     Trgt 1
L6 5161    Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 03-11-2011

Nifty(Nov Fut)-Levels

R3 5419
R2 5376
R1 5328
Avg 5285
S1 5237
S2 5194
S3 5146

Nifty(Nov Fut)-Trading Strategy

H6 5371     Trgt 2
H5 5350     Trgt 1
H4 5330     Long breakout
H3 5305     Go Short
H2 5296
H1 5288
L1 5271
L2 5263
L3 5254     Long
L4 5229     Short Breakout
L5 5209     Trgt 1
L6 5188     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 03-11-2011

Bank Nifty(Nov Fut)-Levels

R3 10126
R2 10032
R1 9928
Avg 9834
S1 9730
S2 9636
S3 9532

Bank Nifty(Nov Fut)-Trading Strategy

H6 10023     Trgt 2
H5  9978     Trgt 1
H4  9932    Long breakout
H3  9878    Go Short
H2  9860
H1  9842
L1  9805
L2  9787
L3  9769    Long
L4  9715    Short Breakout
L5  9669    Trgt 1
L6  9624    Trgt 2

Pre-Closing Outlook(02-11-2011)

Nifty traded last 3 hours today between 5377-5297 with intraday selling indications today and sustaining below this range will be confirmation of ongoing correction continuation as well as it is expected also.

Mid-session Outlook-2 (02-11-2011)

Indian markets strength was updated immediately after opening within first 20 minutes and following line was told in Post-open Outlook today:-

Although gap down opening and trading in Red since opening but not weak today.

Nifty recovered 60 points from lower levels today and showed strength through crossing 5260. Correction completion indication at lower levels today and confirmation will be crossing of following resistances at higher levels:-

1- 5295-5310
2- 5340-5365

Most uncertain global cues nowadays. Dow Jones was 297 points down yesterday but its Futures is more than 170 points up today therefore confirmation is must.

Post-open Outlook(02-11-2011)

Although gap down opening and trading in Red since opening but not weak today.Nifty traded last 2 hours between 5238-5260 yesterday with mixed patterns and Nifty got support within this range also yesterday therefore follow up moves within or near about this range as well as sustaining beyond this range will be next moves strong confirmation.

Be Bullish or Bearish according to sustaining beyond 5238-5260.

Pre-open Outlook(02-11-2011)

Although US and European markets closed in deep Red yesterday but Dow's Futures is more than 100 points up today morning therefore sentiment is little maintained and Asian markets are flat to 1.3% down today. Indian markets will also firstly trade between 5195-5225. Last 54 sessions trading range highest was at 5223 therefore sustaining it beyond will be next moves first indication and will be watched .

Let market get support and consolidation begin then correction completion will be considered.

Technical Analysis,Researches & Market Outlook(02-11-2011)

Most uncertain violently volatile global markets and once again crashing climate after negaive news flow from Europe. Most European markets closed 5% down yesterday and US markets are also more than 2% down. Sentiment is so badly damaged that most reliable 104 Points(5323-5219) gap up support of 28-10-2011 will be broken down today and Nifty will again trade between previous 54 sessions trading range(4720-5229) after negative cues infected market today.

Nifty Correction-EOD Chart(01-Nov-2011):-

Just click on chart for its enlarged view

Technically correction is on after 672 Points rally in 16 sessions and let down moves stop then completion of yesterday started correction will be considered and following 2 supports will be watched first:-

1- 5085-5140
2- 5011-5050

If Nifty consolidate near about above mentioned supports then correction completion will be considered.

Nifty-EOD Chart(01-Nov-2011):-

Just click on chart for its enlarged view

Nifty Fibonacci Retracement Levels:-

23.6%-5241
27.0%-5218
38.2%-5143
50.0%-5064
61.8%-4984
70.7%-4924
76.4%-4886
78.6%-4871
88.6%-4804

Conclusions

Markets are tend to reverse from Fibonacci Retracement Levels therefore above mentioned levels should also be watched. Next important level is 38.2%(5143),as it is near the top of 1st support therefore becomes most crucial.

Correction is on and let it stop and consolidation start then its completion and fresh upmoves will be considered. Markets are extremely affected by most uncertain news flow also therefore complete confirmations are required through intraday patterns formations. At present correction is on and its continuation will be expected after most supressed global cues and let consolidation patterns develop then up moves after correction completion will be considered.

FII Trading Data in Derivatives Segment on 01-Nov-2011

FII & DII trading activity in Capital Market Segment on 01-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 01-Nov-2011 1914.74 1935.4 -20.66

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Nov-2011 666.56 1239.97 -573.41