Nifty-Micro Analysis of Intra Day Chart For 21-11-2011

Nifty-Intra Day Chart(18-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4839-4874
2- Last 40 minutes mixed Patterns between 4891-4908
3- Intraday consolidation patterns
4- Whole day trading between 4839-4908

Conclusions from intra day chart analysis 

Nifty traded whole day between 4839-4908 and following line was told in Pre-open Outlook(18-11-2011):-

"Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today" 

Nifty traded almost whole day within mentioned 1st support range and prepare for next moves.

Following line was told in Mid-session Outlook-2

"Lower levels support and intraday patterns are indicating consolidation formations"

Firstly more than 4 hours consolidation and after that up moves in last one hour and Nifty crossed as well as closed above 4900. Market got good support within mentioned 1st support range and necely consolidated as well therefore short term up moves possibilities are high. As last 40 minutes mixed Patterns between 4891-4908 therefore sustaining above 4900 should be firstly watched next Monday for short term up moves confirmations.

Indian Stock Markets Closing Reports(18-Nov-2011)

Main features of today trading are as follows

1- Benchmark and most Indices closed in Red.
2- Bullish Hammer Candle formation.
3- Good lower levels support.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(18-Nov-2011): 17.76

Advances & Declines

BSE ADVANCES : 873
BSE DECLINES : 2013
NSE ADVANCES : 391
NSE DECLINES : 1060

Nifty Open Interest Changed Today

Nifty- 4800 CE(Nov)- +1604750(+498.60%)
Nifty- 4800 PE(Nov)- +563700(+10.45%)

Nifty- 4900 CE(Nov)- +1198400(+36.68%)
Nifty- 4900 PE(Nov)- -880400(-14.00%)

Closing 

Nifty- closed at 4,905.80(-28.95 Points & -0.59%)
Sensex- closed at 16,371.51(-90.20 Points & -0.55% )
CNX MIDCAP - closed at 6,639.45(-51.60 Points & -0.77%)
BSE SMALL CAP- closed at 6,182.31(-119.42 Points & -1.90%)

FII Trading Data in Derivatives Segment on 18-Nov-2011

FII & DII trading activity in Capital Market Segment on 18-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 18-Nov-2011 1796.37 2667.99 -871.62

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 18-Nov-2011 1375.06 994.67 380.39

Nifty Spot-Levels & Trading Strategy for 21-11-2011

Nifty Spot-Levels

R3 5012
R2 4963
R1 4934
Avg 4885
S1 4856
S2 4807
S3 4778

Nifty Spot-Trading Strategy

H6 4984     Trgt 2
H5 4966     Trgt 1
H4 4947     Long breakout
H3 4926     Go Short
H2 4919
H1 4912
L1 4897
L2 4890
L3 4883     Long
L4 4862     Short Breakout
L5 4844     Trgt 1
L6 4825     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2011

Nifty(Nov Fut)-Levels

R3 5022
R2 4973
R1 4943
Avg 4894
S1 4864
S2 4815
S3 4785

Nifty(Nov Fut)-Trading Strategy

H6 4994     Trgt 2
H5 4975     Trgt 1
H4 4957     Long breakout
H3 4935     Go Short
H2 4928
H1 4921
L1 4906
L2 4899
L3 4892     Long
L4 4870     Short Breakout
L5 4852     Trgt 1
L6 4833     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 21-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9124.00
R2 9005.00
R1 8932.00
Avg 8813.00
S1 8740.00
S2 8621.00
S3 8548.00

Bank Nifty(Nov Fut)-Trading Strategy

H6 9054     Trgt 2
H5 9009     Trgt 1
H4 8964     Long breakout
H3 8911     Go Short
H2 8894
H1 8876
L1 8841
L2 8823
L3 8806     Long
L4 8753     Short Breakout
L5 8708     Trgt 1
L6 8663     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Nov 21 to Nov 25,2011)

Nifty Spot-Weekly Levels

R3 5535
R2 5382
R1 5143
Avg 4990
S1 4751
S2 4598
S3 4359

Nifty Spot-Weekly Trading Strategy

H6 5302     Trgt 2
H5 5211     Trgt 1
H4 5120     Long breakout
H3 5012     Go Short
H2 4976
H1 4940
L1 4869
L2 4833
L3 4797     Long
L4 4689     Short Breakout
L5 4598     Trgt 1
L6 4507     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 21 to Nov 25,2011)

Bank Nifty Spot-Weekly Levels

R3 10055
R2 9756
R1 9303
Avg 9004
S1 8551
S2 8252
S3 7799

Bank Nifty Spot-Weekly Trading Strategy 

H6 9614     Trgt 2
H5 9439     Trgt 1
H4 9263     Long breakout
H3 9056     Go Short
H2 8987
H1 8918
L1 8781
L2 8712
L3 8643     Long
L4 8436     Short Breakout
L5 8260     Trgt 1
L6 8085     Trgt 2

Pre-Closing Outlook(18-11-2011)

Confirm consolidation at lower levels today but mixed formations in last half hour therefore sustaining above 4900 will be firstly watched next Monday for short term up moves confirmations.

Mid-session Outlook-2(18-11-2011)

Although Nifty slipped below 4845 but could not sustained below and retraced immediately as well trading between mentioned 1st support range (4845-4900). Lower levels support and intraday patterns are indicating consolidation formations. Sustaining above 4900 will be very short term up moves confirmations and it is must also because selling markets remains highly volatile.

Mid-session Outlook(18-11-2011)

Following lines were told for today trading in Pre-open Outlook

Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today and sustaining it beyond will be next moves confirmation therefore should be watched and more weakness possibility can not be ruled out.

Today first 2 hours trading range is 4847.50-4902.25

Minor higher levels selling and minor support also at lower levels and next moves preparation is going on within mentioned support range. As market is not prepared for any side break out therefore mixed intraday trading patterns and sustaining beyond mentioned range will be next moves confirmation.

Pre-open Outlook(18-11-2011)

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

Nifty-Micro Analysis of Intra Day Chart For 18-11-2011

Eurozone storm and global markets are bring blown out,resultant Oct 2011 rally is fused and Nifty slipped sufficiently below crucial 61.8% Fibonacci Retracement Level(4984). Nifty traded 54 sessions between 4720-5229 previously and reentered within this range after Post-Diwali-2011 break out. Nifty got support 3 times near 4720 in 4 previous months and once again levels near 4720 will be watched for getting support again or not.

Asian markets are in Red after US markets more than 1% down closing yesterday, Weakness will be seen in Indian markets also but lesser because Indian markets have already dicounted negative markets with 1.90% down closing yesterday.

Expected that Nifty will firstly hover around 4900. As sentiment is depressed therefore volatility is possible but market require complete consolidation for any up move and until that will not happen till then any rally will not be considered.

Testing,firstly trading and next moves preparation within yesterday mentioned 1st support range (4845-4900) will be seen today and sustaining it beyond will be next moves confirmation therefore should be watched and more weakness possibility can not be ruled out.

FII Trading Data in Derivatives Segment on 17-Nov-2011

FII & DII trading activity in Capital Market Segment on 17-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 17-Nov-2011 1943.27 2138.47 -195.2

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Nov-2011 1149.83 778.24 371.59

Nifty-Micro Analysis of Intra Day Chart For 18-11-2011

Nifty-Intra Day Chart(17-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5020-5035
2- Free fall seen below 5010
3- Whole day trading between 4920-5036

Conclusions from intra day chart analysis

Technical positions have already been explained in Technical Analysis,Researches & Market Outlook(17-11-2011) and following lines were also told after selling indications at 12:01:00 PM in Mid-session Outlook-2

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

Finally free fall seen today after breaking down of strong support range(5010-5100). Next supports are as follows:-

1- 4845-4900
2- 4745-4800

Testing of above supports are possible in the coming sessions and next big trend decider is lowest of previous 54 sessions range(4720).

Indian Stock Markets Closing Reports(17-Nov-2011)

Main features of today trading are as follows

1- All the Indices closed in Red.
2- Long Black Candle.
3- closing at lowest of day below 5000.

Ratios

Nifty Put Call Ratio:0.84
Nifty P/E Ratio(18-Nov-2011):17.87

Advances & Declines

BSE ADVANCES : 821
BSE DECLINES : 2007
NSE ADVANCES : 385
NSE DECLINES : 1064

Nifty Open Interest Changed Today

Nifty- 4900 CE(Nov)- +2595050(+472.69%)
Nifty- 4900 PE(Nov)- +1394050(+27.04%)

Nifty- 5000 CE(Nov)- +1379300(+43.66%)
Nifty- 5000 PE(Nov)- -1310150(-18.35%)

Closing 

Nifty- closed at 4,934.75(-95.70 Points & -1.90%)
Sensex- closed at 16,461.71(-314.16 Points & -1.87% )
CNX MIDCAP - closed at 6,691.05(-107.20 Points & -1.58%)
BSE SMALL CAP- closed at 6,301.73(-73.06 Points & -1.15%)

Nifty Spot-Levels & Trading Strategy for 18-11-2011

Nifty Spot-Levels

R3 5124
R2 5080
R1 5007
Avg 4963
S1 4890
S2 4846
S3 4773

Nifty Spot-Trading Strategy

H6 5051     Trgt 2
H5 5024     Trgt 1
H4 4998     Long breakout
H3 4966     Go Short
H2 4955
H1 4944
L1 4923
L2 4912
L3 4901     Long
L4 4869     Short Breakout
L5 4843     Trgt 1
L6 4816     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 18-11-2011

Nifty(Nov Fut)-Levels

R3 5154
R2 5103
R1 5017
Avg 4966
S1 4880
S2 4829
S3 4743

Nifty(Nov Fut)-Trading Strategy

H6 5069     Trgt 2
H5 5038     Trgt 1
H4 5007     Long breakout
H3 4969     Go Short
H2 4957
H1 4944
L1 4919
L2 4906
L3 4894     Long
L4 4856     Short Breakout
L5 4825     Trgt 1
L6 4794     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 18-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9328
R2 9227
R1 9058
Avg 8957
S1 8788
S2 8687
S3 8518

Bank Nifty(Nov Fut)-Trading Strategy

H6 9161     Trgt 2
H5 9099     Trgt 1
H4 9038     Long breakout
H3 8964     Go Short
H2 8939
H1 8914
L1 8865
L2 8840
L3 8815     Long
L4 8741     Short Breakout
L5 8680     Trgt 1
L6 8618     Trgt 2

Pre-Closing Outlook(17-11-2011)

Technical positions have already been explained in all the today Outlooks and now breaking down as well as more down moves confirmations and next levels have been explained before opening of today market in Technical Analysis,Researches & Market Outlook(17-11-2011)