Nifty-Micro Analysis of Intra Day Chart For 16-11-2011

Nifty-Intra Day Chart(15-Nov-2011):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 5127-5257
2- Last 52 minutes mixed Patterns between 5060-5083
3- Whole day trading between 5053-5158

Conclusions

Firstly more than 4 hours selling and after that trading between atrong support range(5010-5100) with  mixed Patterns between 5060-5083 therefore expected that Nifty will firstly trade between this range. Although some more down moves possibility in consolidation process can not be ruled out but Nifty traded with mixed intraday patterns between strong support range therefore trading between 5010-5100 should be firstly watched for next moves confirmations.

As last 52 minutes mixed Patterns therefore expected that Nifty will finally get support between mentioned strong support range and Nifty will trade above 5100.

FII & DII trading activity in Capital Market Segment on 15-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 15-Nov-2011 1698.84 2108.61 -409.77

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 15-Nov-2011 989.22 783.26 205.96

Indian Stock Markets Closing Reports(15-Nov-2011)

Main features of today trading are as follows

1- Long Black Candle.
2- All the indices closed in Red.
3- Weakness after higher levels selling.

Ratios

Nifty Put Call Ratio: 0.92
Nifty P/E Ratio(15-Nov-2011): 18.35

Advances & Declines

BSE ADVANCES : 610
BSE DECLINES : 2259
NSE ADVANCES : 176
NSE DECLINES : 1289

Nifty Open Interest Changed Today

Nifty- 5100 CE(Nov)- +2250550(+98.47%)
Nifty- 5100 PE(Nov)- -336950(-5.39%)

Nifty- 5200 CE(Nov)- +687600(+13.83%)
Nifty- 5200 PE(Nov)- -1030550(-24.45%)

Closing 

Nifty- closed at 5,068.50(-79.85 Points & -1.55%)
Sensex- closed at 16,882.67(-236.07 Points & -1.38% )
CNX MIDCAP - closed at 6,862.95(-181.70 Points & -2.58%)
BSE SMALL CAP- closed at 6,461.38(-184.11 Points & -2.77%)

Nifty Spot-Levels & Trading Strategy for 16-11-2011

Nifty Spot-Levels

R3 5239
R2 5198
R1 5133
Avg 5092
S1 5027
S2 4986
S3 4921

Nifty Spot-Trading Strategy

H6 5174     Trgt 2
H5 5150     Trgt 1
H4 5126     Long breakout
H3 5097     Go Short
H2 5087
H1 5077
L1 5058
L2 5048
L3 5038     Long
L4 5009     Short Breakout
L5 4985     Trgt 1
L6 4961     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 16-11-2011

Nifty(Nov Fut)-Levels

R3 5259
R2 5217
R1 5147
Avg 5105
S1 5035
S2 4993
S3 4923

Nifty(Nov Fut)-Trading Strategy

H6 5190     Trgt 2
H5 5164     Trgt 1
H4 5139     Long breakout
H3 5108     Go Short
H2 5098
H1 5088
L1 5067
L2 5057
L3 5047     Long
L4 5016     Short Breakout
L5 4991     Trgt 1
L6 4965     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 16-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9520
R2 9422
R1 9251
Avg 9153
S1 8982
S2 8884
S3 8713

Bank Nifty(Nov Fut)-Trading Strategy

H6 9349     Trgt 2
H5 9288     Trgt 1
H4 9227     Long breakout
H3 9153     Go Short
H2 9129
H1 9104
L1 9055
L2 9030
L3 9006     Long
L4 8932     Short Breakout
L5 8871     Trgt 1
L6 8810     Trgt 2

Pre-Closing Outlook(15-11-2011)

Clear weakness after higher levels intraday selling and Nifty is trading within strong support range(5010-5100) therefore volatile market may be seen tomorrow and more down moves possibility can not be ruled out.

Mid-session Outlook(15-11-2011)

No fluctuation in US Futures and weakness in Asian markets therefore Indian markets are range bound and quietly trading between 5120-5157 This range break out will give next moves confirmations. As intraday charts are suggesting selling today therefore down moves possibilities are high after break down.

Pre-open Outlook(15-11-2011)

All the Asain markets are in Red after US markets negative closing therefore sentiment is weak today morning. It is being seen for the last 4 months that US Futures remains highly fluctuating and volatile whole day and most uncertain news flow from European markets therefore cautious approach is required.

Sustaining below 5147 will mean countering of next strong support range(5010-5100) and sustaining beyond this range will be confirmation Oct 2011 rally survival. It means that if Nifty finally sustains above 5100 then it will be confirmation of post Diwali-2011 correction completion and then up moves will be expected. Sustaing below 5010 will confirmation of deeper down moves with testing possibility of previous 54 sessions lowest(4720).

Expected that Nifty will first trade between 5110-5170 after weak opening and break out of this range will give confirmation to next trend according to above mentioned next moves.

Nifty-Micro Analysis of Intra Day Chart For 15-11-2011

Nifty-Intra Day Chart(14-Nov-2011):-

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Technical Patterns and Formations in today intraday charts

1- Falling Channel
2- Consolidation patterns
3- Whole day trading between 5141-5227

Conclusions from intra day chart analysis

Whole day falling channels with intraday consolidation patterns and closing at the support. Day started with Dow's futures 75 up and all the global markets started to melt down with the slipping of US futures and markets. Indian and all the European markets closed in Red after good opening and Dow Jones had also traded more than 100 points down.

Although Indian markets closed in Red but intraday charts are not showing selling patterns but consolidations formations are visible. As closing is exactly at support therefore sustaining below 5148 is must for next down moves confirmations.

'ABC' correction of Oct 2011 rally is on and its completion levels is near the closing of previous 2 sessions, slipping below it will mean countering of next strong support range(5010-5100). All the Global markets are completely affected by most uncertain European news flow and highly volatile global markets. As Indian markets are trading near strong supports therefore firstly sustaining below 5147 and then above mentioned next support range should be watched for next moves confirmations.

FII Trading Data in Derivatives Segment on 14-Nov-2011

FII & DII trading activity in Capital Market Segment on 14-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 14-Nov-2011 2542.99 2221.37 321.62

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-Nov-2011 862.44 871.74 -9.3

Indian Stock Markets Closing Reports(14-Nov-2011)

Main features of today trading are as follows

1- Red closing.
2- Long Black Candle.
3- Global cues led fall.

Ratios

Nifty Put Call Ratio: 0.92
Nifty P/E Ratio(14-Nov-2011): 18.59

Advances & Declines

BSE ADVANCES : 874
BSE DECLINES : 1991
NSE ADVANCES : 325
NSE DECLINES : 1113

Nifty Open Interest Changed Today

Nifty- 5100 CE(Nov)- +382150(+19.94%)
Nifty- 5100 PE(Nov)- +723650(+13.04%)

Nifty- 5200 CE(Nov)- + 574400(+ 13.0%)
Nifty- 5200 PE(Nov)- +441250(+11.12%)

Closing 

Nifty- closed at 5,148.35(-20.50 Points & -0.40%)
Sensex- closed at 17,118.74(-74.08 Points & -0.43% )
CNX MIDCAP - closed at 7,044.65(-79.60 Points & -1.12%)
BSE SMALL CAP- closed at 6,645.49 (-119.23 Points & -1.76%)

Nifty Spot-Levels & Trading Strategy for 15-11-2011

Nifty Spot-Levels

R3 5292
R2 5260
R1 5204
Avg 5172
S1 5116
S2 5084
S3 5028

Nifty Spot-Trading Strategy

H6 5236     Trgt 2
H5 5216     Trgt 1
H4 5196     Long breakout
H3 5172     Go Short
H2 5164
H1 5156
L1 5139
L2 5131
L3 5123     Long
L4 5099     Short Breakout
L5 5079     Trgt 1
L6 5059     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 15-11-2011

Nifty(Nov Fut)-Levels

R3 5319
R2 5283
R1 5219
Avg 5183
S1 5119
S2 5083
S3 5019

Nifty(Nov Fut)-Trading Strategy

H6 5255     Trgt 2
H5 5232     Trgt 1
H4 5210     Long breakout
H3 5182     Go Short
H2 5173
H1 5164
L1 5145
L2 5136
L3 5127     Long
L4 5100     Short Breakout
L5 5077     Trgt 1
L6 5054     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 15-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9635
R2 9555
R1 9415
Avg 9335
S1 9195
S2 9115
S3 8975

Bank Nifty(Nov Fut)-Trading Strategy

H6 9496     Trgt 2
H5 9446     Trgt 1
H4 9397     Long breakout
H3 9336     Go Short
H2 9316
H1 9296
L1 9255
L2 9235
L3 9215     Long
L4 9155     Short Breakout
L5 9105     Trgt 1
L6 9055     Trgt 2

Pre-Closing Outlook(14-11-2011)

Dow's Futures was trading more than 75 points up today morning but slipped and now flat. European markets also opened with good gains but some are more than more than half pct down. Indian markets also followed suit and opened 1% up after strong Asian markets but tumbled after weakening US futures and European markets.

Next support is between 5147-5168 and Nifty slipped below 5147,it is weakness signal and sustaining below it will be deeper correction confirmation of Oct 2011 rally.

Mid-session Outlook-2(14-11-2011)

Markets are discounting global events and moving at par with global global markets. As Asian markets were strong today morning therefore Indian markets opened 1% up and all the European markets are flat at this moment therefore Indian markets are flat at this moment.

Next support is between 5147-5168 and sustaining below 5147 will be confirmation of sharp declines.

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.

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):-

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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):-

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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):-

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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.