Mid-session Outlook-2(17-11-2011)

Technical positions of today intraday trading is as follows:-

1- Today trading range at this moment 4993-5036
2- Buying between 4993-5005
3- Selling between 5020-5035

Higher levels selling and lower levels buying therefore intraday patterns are mixed and today trading range break out should be watched  for next moves confirmations.

Mid-session Outlook-2(17-11-2011)

Selling indications between 5020-5035 and until Nifty will not sustain above 5035 till then up moves will not be considered.

Mid-session Outlook(17-11-2011)

Nifty got intraday support between 4990-5020 yesterday and traded almost first 2 hours between this range and crossed 5020. Sustaining above 5020 will be confirmation of strong support range survival and confirmation of up moves beginning also.

Firstly watch sustaining above 5020 for up moves confirmations.

Technical Analysis,Researches & Market Outlook(17-11-2011)

Nifty-Intra Day Chart(16-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Buying between 4990-5020
2- Selling between 5040-5058
3- Whole day trading between 4990-5063

Conclusions from intra day chart analysis

All trends are down and Nifty traded most of the time between strong support range 5010-5100 and LTP was near at top of the day amid violent volatility with lower levels buying and higher levels selling. As both buying and selling trading positions between 5990-5058 therefore sustaining beyond this range will be next moves confirmation.

Nifty-EOD Chart(16-Nov-2011):-

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Technical Patterns and Formations in EOD charts

1- Again trading between previous 54 sessions range between 4720-5229
2- Strong support range between 5010-5100 and yesterday closing at lower levels between it.
3- No strong support between 4720-5010.

Conclusions

All trends are down,correction of Oct 2011 rally is on and Nifty has entered again between previous 54 sessions range between 4720-5229. Nifty traded and closed at the lower levels of strong support range between 5010-5100. As no strong support below 5010 therefore free fall is possible after breaking down and sustaining below of strong support range(5010).

Asian markets are not as much down as US markets closed in deep Red, sentiment is moderately dampened and weak opening is possible today. Nifty got intraday support between 4990-5020 yesterday and sustaining beyond this range should be watched for next moves confirmation as well as survival of mentioned strong support range(5010-5100).

FII Trading Data in Derivatives Segment on 16-Nov-2011

FII & DII trading activity in Capital Market Segment on 16-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 16-Nov-2011 1743.78 2232.67 -488.89

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Nov-2011 1374.11 1096.32 277.79

Indian Stock Markets Closing Reports(16-Nov-2011)

Main features of today trading are as follows

1- Highly volatile market
2- All the Indices closed in Red except Metal,FMCG and CD
3- Black Candle.

Ratios

Nifty Put Call Ratio:0.94
Nifty P/E Ratio(16-Nov-2011): 18.21

Advances & Declines

BSE ADVANCES : 938
BSE DECLINES : 1904
NSE ADVANCES : 393
NSE DECLINES : 1051

Nifty Open Interest Changed Today

Nifty- 5000 CE(Nov)- +1902250(+136.14%)
Nifty- 5000 PE(Nov)- -85900(-1.09%)

Nifty- 5100 CE(Nov)- +569750(+12.58%)
Nifty- 5100 PE(Nov)- -876950(-16.61%)

Closing 

Nifty- closed at 5,030.45(-38.05 Points & -0.75%)
Sensex- closed at 16,775.87(-106.80 Points & -0.63% )
CNX MIDCAP - closed at 6,798.25(-64.70 Points & -0.94%)
BSE SMALL CAP- closed at 6,374.79(-86.59  Points & -1.34%)

Nifty Spot-Levels & Trading Strategy for 17-11-2011

Nifty Spot-Levels

R3 5143
R2 5104
R1 5067
PIVOT 5028
S1 4991
S2 4952
S3 4915

Nifty Spot-Trading Strategy

H6 5106     Trgt 2
H5 5089     Trgt 1
H4 5071     Long breakout
H3 5050     Go Short
H2 5043
H1 5036
L1 5023
L2 5016
L3 5009     Long
L4 4988     Short Breakout
L5 4970     Trgt 1
L6 4953     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 17-11-2011

Nifty(Nov Fut)-Levels

R3 5166.67
R2 5123.33
R1 5083.67
PIVOT 5040.33
S1 5000.67
S2 4957.33
S3 4917.67

Nifty(Nov Fut)-Trading Strategy

H6 5127     Trgt 2
H5 5108     Trgt 1
H4 5089     Long breakout
H3 5066     Go Short
H2 5059
H1 5051
L1 5036
L2 5028
L3 5021     Long
L4 4998     Short Breakout
L5 4979     Trgt 1
L6 4960     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 17-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9384.00
R2 9276.00
R1 9172.00
PIVOT 9064.00
S1 8960.00
S2 8852.00
S3 8748.00

Bank Nifty(Nov Fut)-Trading Strategy

H6 9282     Trgt 2
H5 9233     Trgt 1
H4 9184     Long breakout
H3 9126     Go Short
H2 9106
H1 9087
L1 9048
L2 9029
L3 9009     Long
L4 8951     Short Breakout
L5 8902     Trgt 1
L6 8853     Trgt 2

Pre-Closing Outlook(16-11-2011)

Crucial support range(5010-5100) survival indication and Nifty could not sustained below it as well as bounced after getting intraday support at lower levels. It should be kept in mind that today fast recovery from intraday lower levels was on the back on Dow's Futures which jumped more that 100 points in last 3 hours also.

Although good intraday up move after lower levels support but selling formation also at higher levels also today. All trends are down and and just watch sustaining beyond 5010 because that will be confirmation of strong support range(5010-5100) survival.

Mid-session Outlook-3(16-11-2011)

Nifty slipped below 5010 but did not sustained and and got support also at lower levels.

Mid-session Outlook-2(16-11-2011)

Confirmation of Nifty reverting into previous 54 sessions trading range(4720-5229) and now breaking down of strong support range of 5010. Sustaining below 5010 will be confirmation of more down moves towards lowest of 54 sessions trading range(4720)

Mid-session Outlook(16-11-2011)

Dow's Futures is more than 140 points down,all the Asian markets are also in Red and Nifty slipped below 5010 also therefore breaking down confirmation of strong support range as well as more down moves.

Pre-open Outlook(16-11-2011)

Dow's Futures is more than 110 points down today morning and all the Asian markets are also in Red therefore sentiment is again depressed today morning. High global pressure and Nifty will trade firstly at lower levels within 5010-5050 of mentioned strong support range(5010-5100).

Dampened sentiment today morning and sustaining below 5010 will be confirmation of deeper down moves.

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

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

Just click on chart for its enlarged view

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