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Nifty Spot-Levels & Trading Strategy for 25-11-2011
Nifty Spot-Levels
R3 4937
R2 4854
R1 4805
Avg 4722
S1 4673
S2 4590
S3 4541
Nifty Spot-Trading Strategy
H6 4891 Trgt 2
H5 4859 Trgt 1
H4 4828 Long breakout
H3 4792 Go Short
H2 4780
H1 4768
L1 4743
L2 4731
L3 4719 Long
L4 4683 Short Breakout
L5 4652 Trgt 1
L6 4620 Trgt 2
R3 4937
R2 4854
R1 4805
Avg 4722
S1 4673
S2 4590
S3 4541
Nifty Spot-Trading Strategy
H6 4891 Trgt 2
H5 4859 Trgt 1
H4 4828 Long breakout
H3 4792 Go Short
H2 4780
H1 4768
L1 4743
L2 4731
L3 4719 Long
L4 4683 Short Breakout
L5 4652 Trgt 1
L6 4620 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 25-11-2011
Nifty(Dec Fut)-Levels
R3 4956
R2 4877
R1 4816
Avg 4737
S1 4676
S2 4597
S3 4536
Nifty(Dec Fut)-Trading Strategy
H6 4898 Trgt 2
H5 4865 Trgt 1
H4 4833 Long breakout
H3 4794 Go Short
H2 4781
H1 4768
L1 4743
L2 4730
L3 4717 Long
L4 4679 Short Breakout
L5 4646 Trgt 1
L6 4613 Trgt 2
R3 4956
R2 4877
R1 4816
Avg 4737
S1 4676
S2 4597
S3 4536
Nifty(Dec Fut)-Trading Strategy
H6 4898 Trgt 2
H5 4865 Trgt 1
H4 4833 Long breakout
H3 4794 Go Short
H2 4781
H1 4768
L1 4743
L2 4730
L3 4717 Long
L4 4679 Short Breakout
L5 4646 Trgt 1
L6 4613 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 25-11-2011
Bank Nifty(Dec Fut)-Levels
R3 8828
R2 8676
R1 8574
Avg 8422
S1 8320
S2 8168
S3 8066
Bank Nifty(Dec Fut)-Trading Strategy
H6 8732 Trgt 2
H5 8671 Trgt 1
H4 8611 Long breakout
H3 8541 Go Short
H2 8518
H1 8495
L1 8448
L2 8425
L3 8402 Long
L4 8332 Short Breakout
L5 8272 Trgt 1
L6 8211 Trgt 2
R3 8828
R2 8676
R1 8574
Avg 8422
S1 8320
S2 8168
S3 8066
Bank Nifty(Dec Fut)-Trading Strategy
H6 8732 Trgt 2
H5 8671 Trgt 1
H4 8611 Long breakout
H3 8541 Go Short
H2 8518
H1 8495
L1 8448
L2 8425
L3 8402 Long
L4 8332 Short Breakout
L5 8272 Trgt 1
L6 8211 Trgt 2
Pre-Closing Outlook(24-11-2011)
Following lines were told at 05:39:00 PM yesterday in the topic of Confirmation required for 64 sessions range(4720) breaking down
"As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back"
When all were telling for bearish markets then we told for strong bounce back and for confirmations again and again sustaining around 4644 was told.
Following lines were also told today at 12:56:00 PM in Mid-session Outlook(24-11-2011)
1- Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
2- As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered
Nifty moved above 4720 after getting strong support at 4640 and again entered between 64 sessions range. More up moves are expected after correction completion confirmations.
"As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back"
When all were telling for bearish markets then we told for strong bounce back and for confirmations again and again sustaining around 4644 was told.
Following lines were also told today at 12:56:00 PM in Mid-session Outlook(24-11-2011)
1- Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
2- As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered
Nifty moved above 4720 after getting strong support at 4640 and again entered between 64 sessions range. More up moves are expected after correction completion confirmations.
Mid-session Outlook(24-11-2011)
Only sustaining below 4644 was given for down moves confirmation and Nifty could not sustain below it as well as moved after forming lowest at 4639.10. Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered and sustaing above 4678 will be confirmation of fresh up moves after correction completion therefore should be kept in mind.
As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered and sustaing above 4678 will be confirmation of fresh up moves after correction completion therefore should be kept in mind.
Post-open Outlook(24-11-2011)
As all the Asian markets recovered from intraday lower levels and started to trade flat therefore Indian markets opened flat slipped from higher levels and trading between yesterday support range(4644-4678).
Indian markets are underperforming Asian markets and showing weakness also since opening today. As sustaining below 4644 will be next long term down trend confirmation therefore will be firstly watched today.
Indian markets are underperforming Asian markets and showing weakness also since opening today. As sustaining below 4644 will be next long term down trend confirmation therefore will be firstly watched today.
Watch 4644 today for confirmation of long term trend
Pre-open Outlook(24-11-2011)
Global melting down is continued and all the Asian markets are in Red today after US markets more than 2% down closing yesterday. Sentiment is dampened today also because some markets are more than 1.00% down and resultant weak opening will be seen in Indian markets.
Nifty slipped and closed below 64 sessions trading range lowest(4720) yesterday but intraday support was seen between 4644-4678 and its breaking down will be confirmation of 64 sessions trading range breaking down also as well as termination of all bullish expectations.
Sustaining below 4720 will mean breaking down of 2 yesrs structure and in that situation much deeper down moves will be seen therefore its confirmation is must through sustaining below yesterday support range(4644-4678)
Expected that Nifty will firstly trade between yesterday support range(4644-4678) after weak opening and prepare for next decisive moves today and finally sustaining beyond 4644 will give confirmation to next long term trend.
Just watch sustaining beyond 4644 for next long term trend confirmations.
Global melting down is continued and all the Asian markets are in Red today after US markets more than 2% down closing yesterday. Sentiment is dampened today also because some markets are more than 1.00% down and resultant weak opening will be seen in Indian markets.
Nifty slipped and closed below 64 sessions trading range lowest(4720) yesterday but intraday support was seen between 4644-4678 and its breaking down will be confirmation of 64 sessions trading range breaking down also as well as termination of all bullish expectations.
Sustaining below 4720 will mean breaking down of 2 yesrs structure and in that situation much deeper down moves will be seen therefore its confirmation is must through sustaining below yesterday support range(4644-4678)
Expected that Nifty will firstly trade between yesterday support range(4644-4678) after weak opening and prepare for next decisive moves today and finally sustaining beyond 4644 will give confirmation to next long term trend.
Just watch sustaining beyond 4644 for next long term trend confirmations.
FII & DII trading activity in Capital Market Segment on 23-Nov-2011
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Confirmation required for 64 sessions range(4720) breaking down
Nifty-Micro Analysis of Intra Day Chart For 24-11-2011
Nifty-Intra Day Chart(23-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 4735-4750
2- Support between 4644-4678
3- Whole day trading between 4640-4780
Conclusions from intra day chart analysis
Firstly selling and after that 64 sessions range broken down but its confirmation of sustaining below 4720 is required yet. This fact should be kept in mind that 54 sessions range highest(5229) was broken out on 28-10-2011 after encouraging news from Greece but Nifty again dipped within 54 sessions trading range after 8 sessions trading above 5229. As today moves below 5720 were due to crashing global markets also therefore sustaining below 4720 confirmation is must for further deeper crash .
Although selling at higher levels but lower levels good intraday support also between 4644-4678 therefore sustaining beyond today trading range will be confirmation of survival or breaking down of 64 sessions range. As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back and if Nifty sustains above 4720 then strong pull back rally will be seen.
Nifty-Intra Day Chart(23-Nov-2011):-
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| Just click on chart for its enlarged view |
1- Selling between 4735-4750
2- Support between 4644-4678
3- Whole day trading between 4640-4780
Conclusions from intra day chart analysis
Firstly selling and after that 64 sessions range broken down but its confirmation of sustaining below 4720 is required yet. This fact should be kept in mind that 54 sessions range highest(5229) was broken out on 28-10-2011 after encouraging news from Greece but Nifty again dipped within 54 sessions trading range after 8 sessions trading above 5229. As today moves below 5720 were due to crashing global markets also therefore sustaining below 4720 confirmation is must for further deeper crash .
Although selling at higher levels but lower levels good intraday support also between 4644-4678 therefore sustaining beyond today trading range will be confirmation of survival or breaking down of 64 sessions range. As intermediate term oscillators are oversold and two bullish Candles formations also yesterday therefore Indian markets are prepared for a strong bounce back and if Nifty sustains above 4720 then strong pull back rally will be seen.
Indian Stock Markets Closing Reports(23-Nov-2011)
Main features of today trading are as follows
1- All the Indices closed in Red except CD.
2- Black Candle.
3- Good recovery from lower levels.
Ratios
Nifty Put Call Ratio: 0.92
Nifty P/E Ratio(23-Nov-2011): 17.04
Advances & Declines
BSE ADVANCES : 766
BSE DECLINES : 2062
NSE ADVANCES : 302
NSE DECLINES : 1162
Nifty Open Interest Changed Today
Nifty- 4800 CE(Nov)- +1451850(+40.86%)
Nifty- 4800 PE(Nov)- -2588200(-49.33%)
Nifty- 4700 CE(Nov)- +2531500(+231.49%)
Nifty- 4700 PE(Nov)- -479150(-7.56%)
Nifty- 4600 CE(Nov)- +840700(+1578.78%)
Nifty- 4600 PE(Nov)- +1697850(+42.15%)
Closing
Nifty- closed at 4,706.45(-105.90 Points & -2.20%)
Sensex- closed at 15,699.97(-365.45 Points & -2.27%% )
CNX MIDCAP - closed at 6,467.15(-110.80 Points & -1.68%)
BSE SMALL CAP- closed at 5,975.99 (-104.58 Points & -1.72%)
1- All the Indices closed in Red except CD.
2- Black Candle.
3- Good recovery from lower levels.
Ratios
Nifty Put Call Ratio: 0.92
Nifty P/E Ratio(23-Nov-2011): 17.04
Advances & Declines
BSE ADVANCES : 766
BSE DECLINES : 2062
NSE ADVANCES : 302
NSE DECLINES : 1162
Nifty Open Interest Changed Today
Nifty- 4800 CE(Nov)- +1451850(+40.86%)
Nifty- 4800 PE(Nov)- -2588200(-49.33%)
Nifty- 4700 CE(Nov)- +2531500(+231.49%)
Nifty- 4700 PE(Nov)- -479150(-7.56%)
Nifty- 4600 CE(Nov)- +840700(+1578.78%)
Nifty- 4600 PE(Nov)- +1697850(+42.15%)
Closing
Nifty- closed at 4,706.45(-105.90 Points & -2.20%)
Sensex- closed at 15,699.97(-365.45 Points & -2.27%% )
CNX MIDCAP - closed at 6,467.15(-110.80 Points & -1.68%)
BSE SMALL CAP- closed at 5,975.99 (-104.58 Points & -1.72%)
Nifty Spot-Levels & Trading Strategy for 24-11-2011
Nifty Spot-Levels
R3 4915
R2 4847
R1 4776
Avg 4708
S1 4637
S2 4569
S3 4498
Nifty Spot-Trading Strategy
H6 4846 Trgt 2
H5 4814 Trgt 1
H4 4782 Long breakout
H3 4744 Go Short
H2 4731
H1 4718
L1 4693
L2 4680
L3 4667 Long
L4 4629 Short Breakout
L5 4597 Trgt 1
L6 4565 Trgt 2
R3 4915
R2 4847
R1 4776
Avg 4708
S1 4637
S2 4569
S3 4498
Nifty Spot-Trading Strategy
H6 4846 Trgt 2
H5 4814 Trgt 1
H4 4782 Long breakout
H3 4744 Go Short
H2 4731
H1 4718
L1 4693
L2 4680
L3 4667 Long
L4 4629 Short Breakout
L5 4597 Trgt 1
L6 4565 Trgt 2
Nifty(Nov Fut)-Levels & Trading Strategy for 24-11-2011
Nifty(Nov Fut)-Levels
R3 4916
R2 4845
R1 4774
Avg 4703
S1 4632
S2 4561
S3 4490
Nifty(Nov Fut)-Trading Strategy
H6 4847 Trgt 2
H5 4814 Trgt 1
H4 4781 Long breakout
H3 4742 Go Short
H2 4729
H1 4716
L1 4689
L2 4676
L3 4663 Long
L4 4624 Short Breakout
L5 4591 Trgt 1
L6 4558 Trgt 2
R3 4916
R2 4845
R1 4774
Avg 4703
S1 4632
S2 4561
S3 4490
Nifty(Nov Fut)-Trading Strategy
H6 4847 Trgt 2
H5 4814 Trgt 1
H4 4781 Long breakout
H3 4742 Go Short
H2 4729
H1 4716
L1 4689
L2 4676
L3 4663 Long
L4 4624 Short Breakout
L5 4591 Trgt 1
L6 4558 Trgt 2
Bank Nifty(Nov Fut)-Levels & Trading Strategy for 24-11-2011
Bank Nifty(Nov Fut)-Levels
R3 8863
R2 8703
R1 8550
Avg 8390
S1 8237
S2 8077
S3 7924
Bank Nifty(Nov Fut)-Trading Strategy
H6 8716 Trgt 2
H5 8642 Trgt 1
H4 8569 Long breakout
H3 8483 Go Short
H2 8454
H1 8425
L1 8368
L2 8339
L3 8310 Long
L4 8224 Short Breakout
L5 8151 Trgt 1
L6 8077 Trgt 2
R3 8863
R2 8703
R1 8550
Avg 8390
S1 8237
S2 8077
S3 7924
Bank Nifty(Nov Fut)-Trading Strategy
H6 8716 Trgt 2
H5 8642 Trgt 1
H4 8569 Long breakout
H3 8483 Go Short
H2 8454
H1 8425
L1 8368
L2 8339
L3 8310 Long
L4 8224 Short Breakout
L5 8151 Trgt 1
L6 8077 Trgt 2
Pre-Closing Outlook(23-11-2011)
Although 4720 broken down today but intraday support also seen at lower levels therefore today trading range break out will give confirmation that Nifty has finally sustained below 4720 or not.
Mid-session Outlook-2(23-11-2011)
Firstly selling between 4735-4750 and after that 4720 broken down today. As sharp decline below 4720 is after immediate selling therefore sustaining below 4720 possibility is higher now.
Intraday support also seen between 4644-4678 therefore intraday volatility can be seen between 4644-4720.
Intraday support also seen between 4644-4678 therefore intraday volatility can be seen between 4644-4720.
Mid-session Outlook(23-11-2011)
Intraday selling at higher levels confirmation therefore slipping and sustaining below 4720 possibility is high now.
Pre-open Outlook(23-11-2011)
Although US markets closed with marginal losses yesterday but Dow's futures is more than 150 points down and resultant Asian markets are also .65% to 2.1% down today morning.
Crashing Global cues again today therefore Nifty will trade between last support range(4745-4800) of previous 63 sessions range and finally sustaining below 4745 will mean breaking down of 63 sessions range as well as 2 years structure breaking down below 4720.
Finally sustaining below 4720 should be watched today and in the coming sessions because its survival will decide long term trend. 63 Sessions range was broken out(above 5229) after Diwali-2011 after good news from Greece but markets could not sustain above and again slipped into 63 sessions after flow of negative news from Europe. Now breaking down risk of 4720 therefore sustaining beyond 4720 will be cautiously watched in the coming sessions because its survival will depend on news from Europe also.
Sustaining beyond last support range(4745-4800) should be firstly watched amid depressing global sentiment today.
Crashing Global cues again today therefore Nifty will trade between last support range(4745-4800) of previous 63 sessions range and finally sustaining below 4745 will mean breaking down of 63 sessions range as well as 2 years structure breaking down below 4720.
Finally sustaining below 4720 should be watched today and in the coming sessions because its survival will decide long term trend. 63 Sessions range was broken out(above 5229) after Diwali-2011 after good news from Greece but markets could not sustain above and again slipped into 63 sessions after flow of negative news from Europe. Now breaking down risk of 4720 therefore sustaining beyond 4720 will be cautiously watched in the coming sessions because its survival will depend on news from Europe also.
Sustaining beyond last support range(4745-4800) should be firstly watched amid depressing global sentiment today.
Two Bullish Candles in today EOD Charts
Technical Analysis and Research For 22-11-2011
Nifty-EOD Chart(21-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- Gravestone Doji Bullish Candle
2- Bullish harami candle
Conclusions
Low to moderate reliable reversal patterns within and just above crucial support range(4745-4800) today therefore up moves expectations are alive and confirmations will be after follow up buying and consolidations tomorrow as well as sustaining above 4868.
Nifty-EOD Chart(21-Nov-2011):-
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| Just click on chart for its enlarged view |
1- Gravestone Doji Bullish Candle
2- Bullish harami candle
Conclusions
Low to moderate reliable reversal patterns within and just above crucial support range(4745-4800) today therefore up moves expectations are alive and confirmations will be after follow up buying and consolidations tomorrow as well as sustaining above 4868.
Nifty-Micro Analysis of Intra Day Chart For 23-11-2011
Nifty-Intra Day Chart(22-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Buying between 4784-4810
2- Selling between 4825-4852
3- Whole day trading between 4783-4854
Conclusions from intra day chart analysis
Although higher levels good selling but lower levels buying also seen therefore view will not be bearish despite slipping from higher levels. Nifty traded between(4783-4854) today and immediate crucial ranges beyond these two ranges are as follows;-
1- Support range within and below today trading range 4745-4800
2- Resistance range within and above today trading range 4850-4868
Expected that Nifty will firstly move within 4745-4868 tomorrow and finally break out and sustaining beyond this range as well as will give following decisive conclusions;-
1- Below 4745 will mean high possibility of crashing like situations
2- Above 4868 will mean fresh up moves within 63 sessions range(4720-5229)
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| Just click on chart for its enlarged view |
1- Buying between 4784-4810
2- Selling between 4825-4852
3- Whole day trading between 4783-4854
Conclusions from intra day chart analysis
Although higher levels good selling but lower levels buying also seen therefore view will not be bearish despite slipping from higher levels. Nifty traded between(4783-4854) today and immediate crucial ranges beyond these two ranges are as follows;-
1- Support range within and below today trading range 4745-4800
2- Resistance range within and above today trading range 4850-4868
Expected that Nifty will firstly move within 4745-4868 tomorrow and finally break out and sustaining beyond this range as well as will give following decisive conclusions;-
1- Below 4745 will mean high possibility of crashing like situations
2- Above 4868 will mean fresh up moves within 63 sessions range(4720-5229)
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