Narrow range markets with consolidation intraday patterns and support between 5201-5210 today.
5195-5235 break out will be next moves confirmation.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(14-11-2011)
Narrow range markets with consolidation intraday patterns and support between 5201-5210 today.
5195-5235 break out will be next moves confirmation.
Post-open Outlook(14-11-2011)
Most uncertain European events and resultant huge gap up/down opening is the chracter of all global markets is routine feature. Gap up opening and about 1% positive zone trading since opening today.
Today intraday patterns formation will give next moves first indication and following next support/resistance crossing will give next decisive move confirmation.
1- Next resistance is between 5280-5307
2- Next support is between 5147-5168
Nifty is trading between 5211-5228 today and expected that Nifty will prepare for next moves between 5195-5250. First 45 minutes intraday charts are suggesting consolidation and mentioned range break out will be next moves confirmation.
Today intraday patterns formation will give next moves first indication and following next support/resistance crossing will give next decisive move confirmation.
1- Next resistance is between 5280-5307
2- Next support is between 5147-5168
Nifty is trading between 5211-5228 today and expected that Nifty will prepare for next moves between 5195-5250. First 45 minutes intraday charts are suggesting consolidation and mentioned range break out will be next moves confirmation.
Weekly Outlook(Nov 14 to Nov 18,2011)
Technical Analysis and Research For Nov 14 to Nov 18,2011
Nifty-EOD Chart(11-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- Oct 2011 Rally &'ABC' Correction
2- Struggling for next trend near 94 points Gap
3- Corrective Wave 'A' slipped 199 points(5400-5201)
4- Corrective Wave 'C' slipped 184 points(5326-5142)
Conclusions from intra day chart analysis
94 points Gap down on 05-08-2011 and after that 54 sessions range bound trading was seen. Rally started in Oct 2011 and this range was broken out through huge gap up on 28-10-2011 but market could not sustain at higher levels and 'ABC' Correction was seen. Struggling for next trend is being seen near 94 points Gap and NIfty is hovering it around for the last 9 sessions
As almost 100% Wave 'C' correction completed on 11-11-2011 therefore it may complete here also and now fresh rally is possible also.
Nifty-Intra Day Chart(Oct 26 to Nov 11,2011):-
Technical Patterns and Formations in last 10 sessions intraday charts
1- Multiple supports and resistances
2- Italian news led fall on 09-11-2011 and all the supports broken down.
Conclusions from last 10 sessions intraday charts analysis
As negative news from Italy therefore all the last 10 days supports have been broken down without much selling at higher levels.
Nifty-Intra Day Chart(11-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5181-5197
2- Support between 5147-5168
3- Mixed patterns between 5160-5187
3- Whole day trading between 5143-5198
Conclusions from intra day chart analysis
Mixed intraday patterns after gap down opening and also did not crashed after much weaker IIP data as well as got support at lower levels between 5147-5168. As mixed intraday patterns today therefore sustaining beyond today trading range will be next moves confirmations.
Conclusions (After Putting All Studies Together)
Technically Indian markets are prepared for fresh phase of rally after completion of 'ABC' correction. As previous week sharp fall was the reaction of Italian negative news and much selling was not seen at higher levels therefore rally can be expected in next week if situations in Europe remains stable.
As cost of borrowing increased in Italy therefore all the global markets tumbled 2/3 days before but US and European Stock markets have risen sharply on 11-11-2011 after Italy's senate voted to adopt a package of austerity measures. Daily new news and huge gap up/down opening and trading beyond any level is being seen for the last 4 months.
Violent Global markets volatility and most uncertain Euro zone scenario as well as random global markets moves is the character of all the global markets nowadays. Most European markets recovered almost all points which were lost 2/3 days before and same Asian markets reaction will be seen on Monday and such bullish moves are excpected in Indian also in next week.
Sentiment was most depressed after much weaker IIP data but Indian markets got support at lower levels on 11-11-2011 therefore rally after gap up opening will be seen In Indian markets and positive next week is expected.
Nifty-EOD Chart(11-Nov-2011):-
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| Just click on chart for its enlarged view |
1- Oct 2011 Rally &'ABC' Correction
2- Struggling for next trend near 94 points Gap
3- Corrective Wave 'A' slipped 199 points(5400-5201)
4- Corrective Wave 'C' slipped 184 points(5326-5142)
Conclusions from intra day chart analysis
94 points Gap down on 05-08-2011 and after that 54 sessions range bound trading was seen. Rally started in Oct 2011 and this range was broken out through huge gap up on 28-10-2011 but market could not sustain at higher levels and 'ABC' Correction was seen. Struggling for next trend is being seen near 94 points Gap and NIfty is hovering it around for the last 9 sessions
As almost 100% Wave 'C' correction completed on 11-11-2011 therefore it may complete here also and now fresh rally is possible also.
Nifty-Intra Day Chart(Oct 26 to Nov 11,2011):-
 |
| Just click on chart for its enlarged view |
1- Multiple supports and resistances
2- Italian news led fall on 09-11-2011 and all the supports broken down.
Conclusions from last 10 sessions intraday charts analysis
As negative news from Italy therefore all the last 10 days supports have been broken down without much selling at higher levels.
Nifty-Intra Day Chart(11-Nov-2011):-
 |
| Just click on chart for its enlarged view |
1- Selling between 5181-5197
2- Support between 5147-5168
3- Mixed patterns between 5160-5187
3- Whole day trading between 5143-5198
Conclusions from intra day chart analysis
Mixed intraday patterns after gap down opening and also did not crashed after much weaker IIP data as well as got support at lower levels between 5147-5168. As mixed intraday patterns today therefore sustaining beyond today trading range will be next moves confirmations.
Conclusions (After Putting All Studies Together)
Technically Indian markets are prepared for fresh phase of rally after completion of 'ABC' correction. As previous week sharp fall was the reaction of Italian negative news and much selling was not seen at higher levels therefore rally can be expected in next week if situations in Europe remains stable.
As cost of borrowing increased in Italy therefore all the global markets tumbled 2/3 days before but US and European Stock markets have risen sharply on 11-11-2011 after Italy's senate voted to adopt a package of austerity measures. Daily new news and huge gap up/down opening and trading beyond any level is being seen for the last 4 months.
Violent Global markets volatility and most uncertain Euro zone scenario as well as random global markets moves is the character of all the global markets nowadays. Most European markets recovered almost all points which were lost 2/3 days before and same Asian markets reaction will be seen on Monday and such bullish moves are excpected in Indian also in next week.
Sentiment was most depressed after much weaker IIP data but Indian markets got support at lower levels on 11-11-2011 therefore rally after gap up opening will be seen In Indian markets and positive next week is expected.
FII & DII trading activity in Capital Market Segment on 11-Nov-2011
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Indian Stock Markets Closing Reports(11-Nov-2011)
Main features of today trading are as follows
1- Red closing after gap down opening.
2- Benchmark Indices closed negative while Auto,Oil & Gas,Healthcare and FMCG closed in Green.
3- Doji Candle formation.
Ratios
Nifty Put Call Ratio:0.95
Nifty P/E Ratio(11-Nov-2011): 18.61
Advances & Declines
BSE ADVANCES : 936
BSE DECLINES : 1933
NSE ADVANCES : 363
NSE DECLINES : 1086
Nifty Open Interest Changed Today
Nifty- 5100 CE(Nov)- +394050(+25.07%)
Nifty- 5100 PE(Nov)- +512200(+10.10%)
Nifty- 5200 CE(Nov)- +1538700(+52.69%)
Nifty- 5200 PE(Nov)- -791700(-16.63%)
Closing
Nifty- closed at 5,168.85(-52.20 Points & -1.00%)
Sensex- closed at 17,192.82(-169.28 Points & -0.97% )
CNX MIDCAP - closed at 7,124.25(-93.10 Points & -1.29%)
BSE SMALL CAP- closed at 6,764.72 (-107.84 Points & -1.57%)
1- Red closing after gap down opening.
2- Benchmark Indices closed negative while Auto,Oil & Gas,Healthcare and FMCG closed in Green.
3- Doji Candle formation.
Ratios
Nifty Put Call Ratio:0.95
Nifty P/E Ratio(11-Nov-2011): 18.61
Advances & Declines
BSE ADVANCES : 936
BSE DECLINES : 1933
NSE ADVANCES : 363
NSE DECLINES : 1086
Nifty Open Interest Changed Today
Nifty- 5100 CE(Nov)- +394050(+25.07%)
Nifty- 5100 PE(Nov)- +512200(+10.10%)
Nifty- 5200 CE(Nov)- +1538700(+52.69%)
Nifty- 5200 PE(Nov)- -791700(-16.63%)
Closing
Nifty- closed at 5,168.85(-52.20 Points & -1.00%)
Sensex- closed at 17,192.82(-169.28 Points & -0.97% )
CNX MIDCAP - closed at 7,124.25(-93.10 Points & -1.29%)
BSE SMALL CAP- closed at 6,764.72 (-107.84 Points & -1.57%)
Nifty Spot-Levels & Trading Strategy for 14-11-2011
Nifty Spot-Levels
R3 5252
R2 5225
R1 5196
Avg 5169
S1 5140
S2 5113
S3 5084
Nifty Spot-Trading Strategy
H6 5224 Trgt 2
H5 5211 Trgt 1
H4 5198 Long breakout
H3 5183 Go Short
H2 5178
H1 5173
L1 5162
L2 5157
L3 5152 Long
L4 5137 Short Breakout
L5 5124 Trgt 1
L6 5111 Trgt 2
R3 5252
R2 5225
R1 5196
Avg 5169
S1 5140
S2 5113
S3 5084
Nifty Spot-Trading Strategy
H6 5224 Trgt 2
H5 5211 Trgt 1
H4 5198 Long breakout
H3 5183 Go Short
H2 5178
H1 5173
L1 5162
L2 5157
L3 5152 Long
L4 5137 Short Breakout
L5 5124 Trgt 1
L6 5111 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 14-11-2011
Nifty(Nov Fut)-Levels
R3 5272
R2 5244
R1 5217
Avg 5189
S1 5162
S2 5134
S3 5107
Nifty(Nov Fut)-Trading Strategy
H6 5246 Trgt 2
H5 5233 Trgt 1
H4 5221 Long breakout
H3 5206 Go Short
H2 5201
H1 5196
L1 5185
L2 5180
L3 5175 Long
L4 5160 Short Breakout
L5 5148 Trgt 1
L6 5135 Trgt 2
R3 5272
R2 5244
R1 5217
Avg 5189
S1 5162
S2 5134
S3 5107
Nifty(Nov Fut)-Trading Strategy
H6 5246 Trgt 2
H5 5233 Trgt 1
H4 5221 Long breakout
H3 5206 Go Short
H2 5201
H1 5196
L1 5185
L2 5180
L3 5175 Long
L4 5160 Short Breakout
L5 5148 Trgt 1
L6 5135 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Nov 14 to Nov 18,2011)
Nifty Spot-Weekly Levels
R3 5452
R2 5385
R1 5276
Avg 5209
S1 5100
S2 5033
S3 4924
Nifty Spot-Weekly Trading Strategy
H6 5344 Trgt 2
H5 5304 Trgt 1
H4 5264 Long breakout
H3 5216 Go Short
H2 5200
H1 5184
L1 5151
L2 5135
L3 5119 Long
L4 5071 Short Breakout
L5 5031 Trgt 1
L6 4991 Trgt 2
R3 5452
R2 5385
R1 5276
Avg 5209
S1 5100
S2 5033
S3 4924
Nifty Spot-Weekly Trading Strategy
H6 5344 Trgt 2
H5 5304 Trgt 1
H4 5264 Long breakout
H3 5216 Go Short
H2 5200
H1 5184
L1 5151
L2 5135
L3 5119 Long
L4 5071 Short Breakout
L5 5031 Trgt 1
L6 4991 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 14 to Nov 18,2011)
Bank Nifty Spot-Weekly Levels
R3 10334
R2 10115
R1 9708
Avg 9489
S1 9082
S2 8863
S3 8456
Bank Nifty Spot-Weekly Trading Strategy
H6 9929 Trgt 2
H5 9787 Trgt 1
H4 9645 Long breakout
H3 9473 Go Short
H2 9415
H1 9358
L1 9243
L2 9186
L3 9128 Long
L4 8956 Short Breakout
L5 8814 Trgt 1
L6 8672 Trgt 2
R3 10334
R2 10115
R1 9708
Avg 9489
S1 9082
S2 8863
S3 8456
Bank Nifty Spot-Weekly Trading Strategy
H6 9929 Trgt 2
H5 9787 Trgt 1
H4 9645 Long breakout
H3 9473 Go Short
H2 9415
H1 9358
L1 9243
L2 9186
L3 9128 Long
L4 8956 Short Breakout
L5 8814 Trgt 1
L6 8672 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 14-11-2011
Bank Nifty(Nov Fut)-Levels
R3 8881
R2 9082
R1 9201
Avg 9402
S1 9521
S2 9722
S3 9841
Bank Nifty(Nov Fut)-Trading Strategy
H6 9009 Trgt 2
H5 9076 Trgt 1
H4 9144 Long breakout
H3 9232 Go Short
H2 9261
H1 9290
L1 9349
L2 9378
L3 9408 Long
L4 9496 Short Breakout
L5 9563 Trgt 1
L6 9630 Trgt 2
R3 8881
R2 9082
R1 9201
Avg 9402
S1 9521
S2 9722
S3 9841
Bank Nifty(Nov Fut)-Trading Strategy
H6 9009 Trgt 2
H5 9076 Trgt 1
H4 9144 Long breakout
H3 9232 Go Short
H2 9261
H1 9290
L1 9349
L2 9378
L3 9408 Long
L4 9496 Short Breakout
L5 9563 Trgt 1
L6 9630 Trgt 2
Pre-Closing Outlook(11-11-2011)
All the Global markets crashed yesterday but Indian markets were closed and its reaction was seen today after gap down opening in Indian markets despite positive Asian markets.
Narrow range trading between 5142-5197 with supports at lower levels and selling at higher levels also. As today trading is mixed with multiple sentiments of national(IIP and inflation) and international news flow therefore today range break out should be watched first for next moves confirmations.
Gap down opening and gap could not be filled up as well as higher levels intraday selling also today therefore today trading range breaking down possibility turned higher.
Narrow range trading between 5142-5197 with supports at lower levels and selling at higher levels also. As today trading is mixed with multiple sentiments of national(IIP and inflation) and international news flow therefore today range break out should be watched first for next moves confirmations.
Gap down opening and gap could not be filled up as well as higher levels intraday selling also today therefore today trading range breaking down possibility turned higher.
Mid-session Outlook(11-11-2011)
Whole market turned bearish after weaker IIP data therefore intraday support seen at lower levels between 5147-5168 today and if Nifty sustains above this range then on going correction completion will be considered otherwise global cues led volatility only.
September IIP growth at 1.9% versus 4.1% in August
September IIP growth at 1.9% versus 4.1% in August and data is much below expectations.as well as Nifty is trading below 5229 also since opening today. Post Diwali up trend termination confirmation and Indian markets have again returned into previous 54 sessions trading range(4720-5229) and more weakness can not be ruled out now.
Post-open Outlook(11-11-2011)
Weak opening and Indian markets ignored today Asian cues as well as trading below and 5203. Sustaing below 5180 will be confirmation of more weakness.
Pre-open Outlook(11-11-2011)
Asian markets are flat to positive after positive closing of US markets yesterday therefore sentiment is calm and Indian markets will also remain quiet after positive opening. Expected that Nifty will firstly trade and prepare for next moves between 5190-5250. As Global markets are highly volatile therefore Indian markets may prepare for next moves within little wider range and mentioned range break out will be next moves confirmation.
5203 Next Trend Decider amid Crashing Global Markets
Nifty-Intra Day Chart(09-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5280-5307
2- Whole day trading between 5212-5307
Conclusions from intra day chart analysis
Sharp fall was seen in the last one hour but weakness and profit booking possibility was was understood immediately after opening and within first 8 minutes following voews were updated in 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
Firstly narrow range selling and after that crashing global cues triggered sharp fall as well as Nifty closed(5221) below the top(5229) of previous 54 sessions range.
Nifty-Intra Day Chart(Oct 25 to Nov 09,2011):-
Technical Patterns and Formations in last 10 sessions intraday charts
1- Last 8 days trading between 5203-5365
2- Closing at the lowest of last 8 days range on 09-11-2011.
3- Last support range is 5203-5224.
Conclusions from 8 days intraday chart
Although Nifty closed at the lowest of last sessions but intraday patterns of previous sessions are not showing pure selling except 09-11-2011 and last Tuesday sharp fall was led by crashing global cues therefore sustaining below the lowest(5203) of last 8 sessions range is must for breaking down confirmation of last 8 sessions range.
Conclusions
Indian markets traded range bound 54 sessions between 4720-5229 and broken out after Greece debt problems solutions expectations. All the Global markets crashed within last 2 days after eruption of Italy financial problems and Nifty closed near the lowest of last 8 sessions range on 09-11-2011.
Opening will depend on Asian markets and Indian markets next trend will be decided by the lowest(5203) of last 8 sessions range. Sustaining below 5203 will be confirmation of last 8 sessions breaking down and then more down moves will be seen as well as Indian markets will wait for Italy problems solutions within 54 sessions range(5270-5229).
Highly volatile Global markets therefore today trading levels will be decided according to Asian markets behaviour and morning sentiment as well as will be updated in the coming outlooks and sustaining beyond 5203 should be firstly watched for next trend and and survival confirmation of last month started rally.
 |
| Just click on chart for its enlarged view |
1- Selling between 5280-5307
2- Whole day trading between 5212-5307
Conclusions from intra day chart analysis
Sharp fall was seen in the last one hour but weakness and profit booking possibility was was understood immediately after opening and within first 8 minutes following voews were updated in 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
Firstly narrow range selling and after that crashing global cues triggered sharp fall as well as Nifty closed(5221) below the top(5229) of previous 54 sessions range.
Nifty-Intra Day Chart(Oct 25 to Nov 09,2011):-
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| Just click on chart for its enlarged view |
1- Last 8 days trading between 5203-5365
2- Closing at the lowest of last 8 days range on 09-11-2011.
3- Last support range is 5203-5224.
Conclusions from 8 days intraday chart
Although Nifty closed at the lowest of last sessions but intraday patterns of previous sessions are not showing pure selling except 09-11-2011 and last Tuesday sharp fall was led by crashing global cues therefore sustaining below the lowest(5203) of last 8 sessions range is must for breaking down confirmation of last 8 sessions range.
Conclusions
Indian markets traded range bound 54 sessions between 4720-5229 and broken out after Greece debt problems solutions expectations. All the Global markets crashed within last 2 days after eruption of Italy financial problems and Nifty closed near the lowest of last 8 sessions range on 09-11-2011.
Opening will depend on Asian markets and Indian markets next trend will be decided by the lowest(5203) of last 8 sessions range. Sustaining below 5203 will be confirmation of last 8 sessions breaking down and then more down moves will be seen as well as Indian markets will wait for Italy problems solutions within 54 sessions range(5270-5229).
Highly volatile Global markets therefore today trading levels will be decided according to Asian markets behaviour and morning sentiment as well as will be updated in the coming outlooks and sustaining beyond 5203 should be firstly watched for next trend and and survival confirmation of last month started rally.
Indian Stock Markets Closing Reports(09-Nov-2011)
Main features of trading are as follows
1- All the Indices closed in Red except IT and FMCG
2- Long Black Candle.
3- Crashing Global cues led sharp fall.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(09-Nov-2011): 18.78
Advances & Declines
BSE ADVANCES : 968
BSE DECLINES :1909
NSE ADVANCES : 345
NSE DECLINES :1107
Nifty Open Interest Changed Today
Nifty- 5200 CE(Nov)- +399450(+15.94%)
Nifty- 5200 PE(Nov)- -27450(-0.57%)
Nifty- 5300 CE(Nov)- +1298100(+26.21%)
Nifty- 5300 PE(Nov)- +303500(+8.38%)
Closing
Nifty- closed at 5,221.05(-68.30 Points & -1.29%)
Sensex- closed at 17,362.10(-207.43 Points & -1.18% )
CNX MIDCAP - closed at 7,217.35(-105.95 Points & -1.45%)
BSE SMALL CAP- closed at 6,872.56(-73.49 Points & -1.06%)
1- All the Indices closed in Red except IT and FMCG
2- Long Black Candle.
3- Crashing Global cues led sharp fall.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(09-Nov-2011): 18.78
Advances & Declines
BSE ADVANCES : 968
BSE DECLINES :1909
NSE ADVANCES : 345
NSE DECLINES :1107
Nifty Open Interest Changed Today
Nifty- 5200 CE(Nov)- +399450(+15.94%)
Nifty- 5200 PE(Nov)- -27450(-0.57%)
Nifty- 5300 CE(Nov)- +1298100(+26.21%)
Nifty- 5300 PE(Nov)- +303500(+8.38%)
Closing
Nifty- closed at 5,221.05(-68.30 Points & -1.29%)
Sensex- closed at 17,362.10(-207.43 Points & -1.18% )
CNX MIDCAP - closed at 7,217.35(-105.95 Points & -1.45%)
BSE SMALL CAP- closed at 6,872.56(-73.49 Points & -1.06%)
FII & DII trading activity in Capital Market Segment on 09-Nov-2011
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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
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