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Nifty Spot-Levels & Trading Strategy for 22-11-2011

Nifty Spot-Levels

R3 4955
R2 4914
R1 4846
Avg 4805
S1 4737
S2 4696
S3 4628

Nifty Spot-Trading Strategy

H6 4887     Trgt 2
H5 4862     Trgt 1
H4 4837     Long breakout
H3 4807     Go Short
H2 4797
H1 4787
L1 4768
L2 4758
L3 4748     Long
L4 4718     Short Breakout
L5 4693     Trgt 1
L6 4668     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 22-11-2011

Nifty(Nov Fut)-Levels

R3 4963
R2 4921
R1 4852
Avg 4810
S1 4741
S2 4699
S3 4630

Nifty(Nov Fut)-Trading Strategy

H6 4894     Trgt 2
H5 4869     Trgt 1
H4 4844     Long breakout
H3 4813     Go Short
H2 4803
H1 4793
L1 4772
L2 4762
L3 4752     Long
L4 4721     Short Breakout
L5 4696     Trgt 1
L6 4671     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 22-11-2011

Bank Nifty(Nov Fut)-Levels

R3 9010
R2 8905
R1 8730
Avg 8625
S1 8450
S2 8345
S3 8170

Bank Nifty(Nov Fut)-Trading Strategy

H6 8836     Trgt 2
H5 8772     Trgt 1
H4 8709     Long breakout
H3 8632     Go Short
H2 8606
H1 8580
L1 8529
L2 8503
L3 8478     Long
L4 8401     Short Breakout
L5 8337     Trgt 1
L6 8273     Trgt 2

Pre-Closing Outlook(21-11-2011)

Global markets tumbled today. Dow's Futures is more than 165 points down and all the Europen markets are also more than 2% down therefore sentiment dampened again and Nifty tested last support range(4745-4800) of 61 sessions trading range. It is the most crucial support range and Nifty reversed from this range 4 times earlier as well as slipping below 4745 will mean crashing like situations.

Nifty tested 5th time last support range(4745-4800) of 61 sessions today and sustaining beyond this range should be watched in the coming sessions. Global cues are highly uncertain and markets are extremely volatile therefore sustaining beyond of crucial ranges will be next moves confirmation only should be firstly watched 4745-4800.

Mid-session Outlook(21-11-2011)

Intraday selling confirmations between 4850-4868 today and more down moves as well as next supports near 4720 testing will be seen now.

Pre-open Outlook(21-11-2011)

Dow's Futures is more than 70 points down,all the Europen markets futures are also negative and all the Asian markets are also in Red therefore sentiment is extremely depressed today morning and weak opening will be seen in Indian markets.

Indian markets got good support at lower levels(4839-4874) but mixed intraday patterns were also seen between( 4891-4908)last Friday and Nifty will firstly trade and prepare for next moves between last Friday range(4839-4908) and sustaining it beyond will be next moves confirmation.

All trends are down and Indian markets are range bound(4720-5229) for the last 61 sessions therefore intermediate term trend is sideways and break out of last Friday range will be next short term moves confirmation.

Rally is on after good support at 4839 last Friday

Technical Analysis,Research and Weekly Outlook (Nov 21 to Nov 25,2011))

Nifty-EOD Chart(18-Nov-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- March 2009 rally top at 6338 on 05-11-2010
2- Last one year correction in falling trend line
3- Nifty retraced 4 times from falling trend line in last one year
4- Pull Back Rally started in Oct 2011 from 4728 and its correction is on.
5- Nifty has corrected upto 4837.

Nifty-EOD Chart(18-Nov-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- 61 Sessions range bound market between 4720-5229
2- Previously Nifty traded 54 sessions between 4720-5229.
3- Strong gap up 54 sessions break out was seen on 28-10-2011.
4- Nifty traded 8 sessions above 5229 but could not sustain above 5229 and reentered again within previous 54 sessions trading range.
5- Nifty again traded and closed in last 7 days between previous 54 sessions range.

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.


Conclusions (After putting all indicators together)

Falling trend line again proved fatal for Oct 2011 Pull Back Rally and Nifty again reatraced from it. Correction is on and last 2 support ranges of Oct 2011 rally are as follows:-

1- 4845-4900
2- 4745-4800

Oct 2011 Pull Back Rally started from 4728 and completed at 5400. Its Fibonacci Retracement Levels are as follows:-

13.0%- 5312
23.6%- 5241
27.0%- 5218
38.2%- 5143
50.0%- 5064
61.8%- 4984
70.7%- 4924
76.4%- 4886
78.6%- 4871(Tested and closed above after good consolidation below it)
88.6%- 4804(Only last level testing is left)

Oct 2011 rally has retraced more than 83% and got good support within 4839-4874 on 18-11-2011 as well as nice consolidation and base formation seen also. As Nifty again got support within previous support range(4845-4900) yesterday therefore it is a strong sign of strength and first signal of correction completion of Oct 2011 rally.

Rally have started after getting good support at 4839 last Friday and expected that rally  will remain continued after follow up buying in the beginning of next week. Sustaining above 4900 should be firstly watched next Monday for confirmations.

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)
CategoryDateBuy ValueSell ValueNet Value
FII18-Nov-20111796.372667.99-871.62


DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII18-Nov-20111375.06994.67380.39

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.