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Nifty Spot-Levels & Trading Strategy for 11-11-2011
Nifty Spot-Levels
R3 5394
R2 5355
R1 5288
Avg 5249
S1 5182
S2 5143
S3 5076
Nifty Spot-Trading Strategy
H6 5327 Trgt 2
H5 5303 Trgt 1
H4 5279 Long breakout
H3 5250 Go Short
H2 5240
H1 5230
L1 5211
L2 5201
L3 5191 Long
L4 5162 Short Breakout
L5 5138 Trgt 1
L6 5114 Trgt 2
R3 5394
R2 5355
R1 5288
Avg 5249
S1 5182
S2 5143
S3 5076
Nifty Spot-Trading Strategy
H6 5327 Trgt 2
H5 5303 Trgt 1
H4 5279 Long breakout
H3 5250 Go Short
H2 5240
H1 5230
L1 5211
L2 5201
L3 5191 Long
L4 5162 Short Breakout
L5 5138 Trgt 1
L6 5114 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 11-11-2011
Nifty(Nov Fut)-Levels
R3 5408
R2 5369
R1 5303
Avg 5264
S1 5198
S2 5159
S3 5093
Nifty(Nov Fut)-Trading Strategy
H6 5342 Trgt 2
H5 5318 Trgt 1
H4 5294 Long breakout
H3 5265 Go Short
H2 5256
H1 5246
L1 5227
L2 5217
L3 5208 Long
L4 5179 Short Breakout
L5 5155 Trgt 1
L6 5131 Trgt 2
R3 5408
R2 5369
R1 5303
Avg 5264
S1 5198
S2 5159
S3 5093
Nifty(Nov Fut)-Trading Strategy
H6 5342 Trgt 2
H5 5318 Trgt 1
H4 5294 Long breakout
H3 5265 Go Short
H2 5256
H1 5246
L1 5227
L2 5217
L3 5208 Long
L4 5179 Short Breakout
L5 5155 Trgt 1
L6 5131 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 11-11-2011
Bank Nifty(Nov Fut)-Levels
R3 10220
R2 10085
R1 9845
Avg 9710
S1 9470
S2 9335
S3 9095
Bank Nifty(Nov Fut)-Trading Strategy
H6 9981 Trgt 2
H5 9896 Trgt 1
H4 9811 Long breakout
H3 9708 Go Short
H2 9673
H1 9639
L1 9570
L2 9536
L3 9501 Long
L4 9398 Short Breakout
L5 9313 Trgt 1
L6 9228 Trgt 2
R3 10220
R2 10085
R1 9845
Avg 9710
S1 9470
S2 9335
S3 9095
Bank Nifty(Nov Fut)-Trading Strategy
H6 9981 Trgt 2
H5 9896 Trgt 1
H4 9811 Long breakout
H3 9708 Go Short
H2 9673
H1 9639
L1 9570
L2 9536
L3 9501 Long
L4 9398 Short Breakout
L5 9313 Trgt 1
L6 9228 Trgt 2
Mid-session Outlook-3(09-11-2011)
Today intraday charts are showing selling intraday patterns at higher levels after showing opening weakness therefore more down moves are possible below 5280.
Mid-session Outlook-2(09-11-2011)
Sharp declines were seen after S.B.I. quarterly results but again intraday support seen near 5280. Amid high volatility following lines of today Mid-session Outlook are being repeated for next moves confirmations:-
firstly sustaining beyond 5280 should be watched for next moves confirmations.
firstly sustaining beyond 5280 should be watched for next moves confirmations.
Mid-session Outlook(09-11-2011)
Market strength was told in following lines in Post-open Outlook at 09:23:00 AM today:-
1- not strong therefore profit booking possibility
2- next moves confirmation levels for today will be sustaining beyond 5280-5323.
Markets slipped from higher levels and Nifty moved below 5280 also and hovering it around since then. Nifty is trading narrow between 5257-5323 for the last 3 sessions with good supports between 5257-5273 and complete selling is required today for slipping below 5257.
Consolidation signals are emerging near 5280 today therefore firstly sustaining beyond 5280 should be watched for next moves confirmations. As 2 previous days intraday patterns are showing consolidation formations therefore finally sustaining above 5323 possibility is high.
1- not strong therefore profit booking possibility
2- next moves confirmation levels for today will be sustaining beyond 5280-5323.
Markets slipped from higher levels and Nifty moved below 5280 also and hovering it around since then. Nifty is trading narrow between 5257-5323 for the last 3 sessions with good supports between 5257-5273 and complete selling is required today for slipping below 5257.
Consolidation signals are emerging near 5280 today therefore firstly sustaining beyond 5280 should be watched for next moves confirmations. As 2 previous days intraday patterns are showing consolidation formations therefore finally sustaining above 5323 possibility is high.
Post-open Outlook(09-11-2011)
Positive zone trading after gap up opening but not strong therefore profit booking possibility will be kept in mind and next moves confirmation levels for today will be sustaining beyond 5280-5323.
Nifty-Micro Analysis of Intra Day Chart For 09-11-2011
Nifty-Intra Day Chart(08-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5293-5303
2- Buying between 5253-5267
3- Mixed Patterns between 5278-5298
4- Whole day trading between 5252-5303
Conclusions
Although higher levels selling and lower levels buying but intraday patterns are suggesting consolidation formations therefore crossing and sustaining possibility above 5303 is high in the coming sessions. If no big blow from global markets then rally will be seen above 5303.
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| Just click on chart for its enlarged view |
1- Selling between 5293-5303
2- Buying between 5253-5267
3- Mixed Patterns between 5278-5298
4- Whole day trading between 5252-5303
Conclusions
Although higher levels selling and lower levels buying but intraday patterns are suggesting consolidation formations therefore crossing and sustaining possibility above 5303 is high in the coming sessions. If no big blow from global markets then rally will be seen above 5303.
Indian Stock Markets Closing Reports(08-Nov-2011)
1- Flat closing.
2- Bullish hammer candle.
3- All the Indices got support at lower levels.
Ratios
Nifty Put Call Ratio: 1.11
Nifty P/E Ratio(08-Nov-2011): 19.11
Advances & Declines
BSE ADVANCES : 1420
BSE DECLINES : 1435
NSE ADVANCES : 656
NSE DECLINES : 768
Nifty Open Interest Changed Today
Nifty- 5200 CE(Nov)- +55600(+2.18%)
Nifty- 5200 PE(Nov)- -107000(-2.11%)
Nifty- 5300 CE(Nov)- +951700(+22.91%)
Nifty- 5300 PE(Nov)- +429500(+13.000%)
Nifty- 5400 CE(Nov)- +741850(+12.19%)
Nifty- 5400 PE(Nov)- +39850(+3.22%)
Closing
Nifty- closed at 5,289.35(+5.15 Points & +0.10%)
Sensex- closed at 17,569.53(+6.92 Points & +0.04% )
CNX MIDCAP - closed at 7,323.30(+3.30 Points & +0.05%)
BSE SMALL CAP- closed at 6,946.05(-12.08 Points & -0.17%)
FII & DII trading activity in Capital Market Segment on 08-Nov-2011
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Nifty Spot-Levels & Trading Strategy for 09-11-2011
Nifty Spot-Levels
R3 5363
R2 5333
R1 5311
Avg 5281
S1 5259
S2 5229
S3 5207
Nifty Spot-Trading Strategy
H6 5341 Trgt 2
H5 5329 Trgt 1
H4 5317 Long breakout
H3 5303 Go Short
H2 5298
H1 5293
L1 5284
L2 5279
L3 5274 Long
L4 5260 Short Breakout
L5 5248 Trgt 1
L6 5236 Trgt 2
R3 5363
R2 5333
R1 5311
Avg 5281
S1 5259
S2 5229
S3 5207
Nifty Spot-Trading Strategy
H6 5341 Trgt 2
H5 5329 Trgt 1
H4 5317 Long breakout
H3 5303 Go Short
H2 5298
H1 5293
L1 5284
L2 5279
L3 5274 Long
L4 5260 Short Breakout
L5 5248 Trgt 1
L6 5236 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 09-11-2011
Nifty(Nov Fut)-Levels
R3 5405
R2 5369
R1 5342
Avg 5306
S1 5279
S2 5243
S3 5216
Nifty(Nov Fut)-Trading Strategy
H6 5378 Trgt 2
H5 5364 Trgt 1
H4 5349 Long breakout
H3 5332 Go Short
H2 5326
H1 5320
L1 5309
L2 5303
L3 5297 Long
L4 5280 Short Breakout
L5 5265 Trgt 1
L6 5251 Trgt 2
R3 5405
R2 5369
R1 5342
Avg 5306
S1 5279
S2 5243
S3 5216
Nifty(Nov Fut)-Trading Strategy
H6 5378 Trgt 2
H5 5364 Trgt 1
H4 5349 Long breakout
H3 5332 Go Short
H2 5326
H1 5320
L1 5309
L2 5303
L3 5297 Long
L4 5280 Short Breakout
L5 5265 Trgt 1
L6 5251 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 09-11-2011
Bank Nifty(Nov Fut)-Levels
R3 10163
R2 10051
R1 9977
Avg 9865
S1 9791
S2 9679
S3 9605
Bank Nifty(Nov Fut)-Trading Strategy
H6 10092 Trgt 2
H5 10049 Trgt 1
H4 10006 Long breakout
H3 9955 Go Short
H2 9938
H1 9921
L1 9886
L2 9869
L3 9852 Long
L4 9801 Short Breakout
L5 9758 Trgt 1
L6 9715 Trgt 2
R3 10163
R2 10051
R1 9977
Avg 9865
S1 9791
S2 9679
S3 9605
Bank Nifty(Nov Fut)-Trading Strategy
H6 10092 Trgt 2
H5 10049 Trgt 1
H4 10006 Long breakout
H3 9955 Go Short
H2 9938
H1 9921
L1 9886
L2 9869
L3 9852 Long
L4 9801 Short Breakout
L5 9758 Trgt 1
L6 9715 Trgt 2
Pre-Closing Outlook(08-11-2011)
Only range bound market was told in all the outlooks which were updated for today and Nifty traded almost whole day within mentioned range and being closed almost flat. Detailed analysis have been written in previous outlooks and sustaining beyond 5252-5323 will be next direction confirmation therefore should be watched in the next sessions for next moves confirmations.
Although higher levels selling and lower levels buying but intraday patterns are suggesting consolidation formations therefore crossing and sustaining possibility above 5323 is high.
Although higher levels selling and lower levels buying but intraday patterns are suggesting consolidation formations therefore crossing and sustaining possibility above 5323 is high.
Mid-session Outlook-2(08-11-2011)
Following line was told in Nifty-Micro Analysis of Intra Day Chart For 08-11-2011
Nifty will firstly trade between last Friday range( 5257-5323)
Nifty is trading between 5252-5304 for the last 5 hours after slipping from higher levels and forming new intraday lows. Intraday supports at lower levels and selling at highet levels also in last 2 sessions range bound markets within 5252-5323 and Nifty will trade between this range to prepare for next moves.
Expected that Nifty will trade between 5252-5323 some more time and sustaining beyond this range will be next decisive trend confirmation.
Mid-session Outlook(08-11-2011)
Dow's Futures is more than 50 points down and most Asian markets slipped from intraday hugher levels and mixed with minor gains or loss. Indian markets are also quiet and almost flat today morning.Intraday charts of today are showing selling and global cues have also turns weaker therefore down moves will be seen today.
Nifty-Micro Analysis of Intra Day Chart For 08-11-2011
Technical Analysis and Research of EOD and weekly charts,Technical Positions,next possibilities have already been explained in following topics with 2 Charts therefore not being repeated:-
Rally above 5400 in next week
Nifty-Intra Day Chart(Nov 04,2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5303-5323
2- Buying between 5257-5284
3- Whole day Intraday Patterns are showing consolidation formations.
4- Whole day trading between 5257-5323
Conclusions
Next Supports and Resistances are as follows:-
1- Previous Supports are between 5203-5224
2- Previous Resistances are between 5318-5365
Higher levels selling and lower levels equally buying therefore expected that Nifty will firstly trade between last Friday range( 5257-5323). Whole day Intraday Patterns are showing consolidation formations last Friday and correction completion signals also therefore finally rally is expected in the coming sessions.
Rally above 5400 in next week
Nifty-Intra Day Chart(Nov 04,2011):-
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| Just click on chart for its enlarged view |
1- Selling between 5303-5323
2- Buying between 5257-5284
3- Whole day Intraday Patterns are showing consolidation formations.
4- Whole day trading between 5257-5323
Conclusions
Next Supports and Resistances are as follows:-
1- Previous Supports are between 5203-5224
2- Previous Resistances are between 5318-5365
Higher levels selling and lower levels equally buying therefore expected that Nifty will firstly trade between last Friday range( 5257-5323). Whole day Intraday Patterns are showing consolidation formations last Friday and correction completion signals also therefore finally rally is expected in the coming sessions.
Rally above 5400 in next week
Technical Analysis,Research and Weekly Outlook For Nov 08 to Nov 11,2011
Nifty-Weekly Chart(04-Nov-2011):-
Technical Patterns and Formations in Weekly charts
1- Wave-3 completed and Wave-4 begun on 05-11-2010 from 6338.
2- Last one year corrective Wave-4 in Falling Channel.
3- Wave-4 completed and Wave-5 started on 26-08-2011 from 4720
4- Wave-5 is in Progress.
Nifty-EOD Chart(04-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- Falling Trendline
2- Market retraced 4 times earlier sfter getting resistance from this Trend line.
3- Break out of 54 Sessions range bound market
4- 16 Days Rally and tested Falling Trendline
5- Fresh up moves are on after 3 Days correction
Conclusions
Correction in falling channel and after that 54 sessions range bound market between 4720-5229 was seen after 94 Points gap down on 05-08-2011. Break out of this range bound market was seen in 16 sessions previous month rally but immediately after that 3 days correction of this rally was seen.
Next Supports of this rally are as follows:-
1- 5257-5277
2- 5203-5224
Next Resistances of this rally are as follows:-
1- 5310-5324
2- 5318-5365
Most uncertain news flow from Euro zone and highly volatile markets. Rally started on 07-10-2011 and after 16 days its correction was seen in previous week. As up moves were seen in previous two sessions after getting supports at above mentioned therefore strong indications of Correction completion and high possibility of rally in the coming week.
Nifty got 4 times resistance at falling trend line and also again faced resistance here in previuos week but it was due to confusing news from Greece. Strong indications of correction completion and if any big adverse news does not comes up from Europe then firstly consolidation at higher levels and after that continuation of rally above 5400 will be seen in the coming week/weeks.
Nifty-Weekly Chart(04-Nov-2011):-
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| Just click on chart for its enlarged view |
1- Wave-3 completed and Wave-4 begun on 05-11-2010 from 6338.
2- Last one year corrective Wave-4 in Falling Channel.
3- Wave-4 completed and Wave-5 started on 26-08-2011 from 4720
4- Wave-5 is in Progress.
Nifty-EOD Chart(04-Nov-2011):-
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| Just click on chart for its enlarged view |
1- Falling Trendline
2- Market retraced 4 times earlier sfter getting resistance from this Trend line.
3- Break out of 54 Sessions range bound market
4- 16 Days Rally and tested Falling Trendline
5- Fresh up moves are on after 3 Days correction
Conclusions
Correction in falling channel and after that 54 sessions range bound market between 4720-5229 was seen after 94 Points gap down on 05-08-2011. Break out of this range bound market was seen in 16 sessions previous month rally but immediately after that 3 days correction of this rally was seen.
Next Supports of this rally are as follows:-
1- 5257-5277
2- 5203-5224
Next Resistances of this rally are as follows:-
1- 5310-5324
2- 5318-5365
Most uncertain news flow from Euro zone and highly volatile markets. Rally started on 07-10-2011 and after 16 days its correction was seen in previous week. As up moves were seen in previous two sessions after getting supports at above mentioned therefore strong indications of Correction completion and high possibility of rally in the coming week.
Nifty got 4 times resistance at falling trend line and also again faced resistance here in previuos week but it was due to confusing news from Greece. Strong indications of correction completion and if any big adverse news does not comes up from Europe then firstly consolidation at higher levels and after that continuation of rally above 5400 will be seen in the coming week/weeks.
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