Nifty Spot-Weekly Levels & Trading Strategy(Nov 28 to Dec 02,2011)

Nifty Spot-Weekly Levels

R3 5078
R2 4976
R1 4843
Avg 4741
S1 4608
S2 4506
S3 4373

Nifty Spot-Weekly Trading Strategy 

H6 4948     Trgt 2
H5 4893     Trgt 1
H4 4839     Long breakout
H3 4774     Go Short
H2 4753
H1 4731
L1 4688
L2 4666
L3 4645     Long
L4 4580     Short Breakout
L5 4526     Trgt 1
L6 4471     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 28 to Dec 02,2011)

Bank Nifty Spot-Weekly Levels

R3 9350
R2 9078
R1 8783
Avg 8511
S1 8216
S2 7944
S3 7649

Bank Nifty Spot-Weekly Trading Strategy

H6 9072     Trgt 2
H5 8935     Trgt 1
H4 8799     Long breakout
H3 8643     Go Short
H2 8591
H1 8539
L1 8436
L2 8384
L3 8332     Long
L4 8176     Short Breakout
L5 8040     Trgt 1
L6 7903     Trgt 2

Pre-Closing Outlook(25-11-2011)

As soon as selling patterns developed then it was updated within first 3 hours at 12:06:00 PM today and good selling seen at higher levels also as well as market slipped from higher levels and being closed near day's lower levels.

Nifty traded with intraday consolidation patterns within 4696-4715 in last one hour. As intraday support at lower levels seen in the beginning and at the closure on today market therefore sustaining beyond 4696-4720 should be firstly watched next Monday for next moves commencement confirmations.

As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.

Mid-session Outlook(25-11-2011)

Nifty traded last half hour mixed patterns between 4748-4767 and again hovering around this range for the last one hour after lower levels consolidations  between 4700-4720 today.

Next immediate moves consirmation ranges are as follows;-

1- 4736-4754
2- 4736-4767
2- 4700-4767

As selling patterns also developed at higher levels after lower levels buying therefore sustaining beyond today trading range(4700-4767) will be next decisive moves confirmation.

Post-open Outlook(25-11-2011)

As Asian markets slipped more and sentiment more weakned therefore Nifty slipped below 4720 and firstly traded between 4700-4720.

As first 45 minutes intraday patterns showed consolidations patterns between 4700-4720 therefore up move expectations are alive after follow up consolidations despite depressing global sentiment.

4720-4767 is Trend decider for today

Pre-open Outlook(25-11-2011)

Strong rally after two day lower levels consolidation yesterday but last half hour  mixed intraday patterns were also seen between 4748-4767 therefore more consolidation is firstly required today to cross mentioned range.

All the Asian markets are flat to 1% down today therefore sentiment is moderately weak today morning and Nifty will trade between 4720-4767 for preparation of next moves. Finally up moves are expected after fresh consolidation today and next moves consirmation range is 4720-4667.  Importance of these two levels are as follows:-

1- 4720 is previous 64 sessions lowest and finally sustaining below 4720 will mean range breaking down.
2- 4767 is highest of yesterday last half hour mixed intraday patterns and finally sustaining above will be selling absorbing and consolidation confirmation as well as yesterday started rally continuation confirmation also.

Pull Back rally is on after correction completion

Nifty-Micro Analysis of Intra Day Chart For 25-11-2011

Nifty-Intra Day Chart(24-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4640-4690
2- Strong recovery.
3- Whole day trading between 4640-4771
4- Last half hour mixed patterns between 4648-4667


Conclusions from intra day chart analysis 

Strong rally seen after good consolidation today but it was clearly projected in this Blog and 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 reentered between 64 sessions range. Correction started on 31-10-2011 and during 16 sessions correction good consolidation seen between 4640-4690 in last 2 sessions which resulted today strong up moves.

Pull Back Rally is on and more consolidation is required to cross following levels:-

1- 4648-4667(Last half hour mixed today)
2- 4810-4890(Strong resistance)

Expected that firstly follow up consolidation will be seen in the coming sessions and after that  Nifty will counter next resistance range(4810-4890). Pull Back Rally commenced after correction completion today and crossing as well as sustaining above 4890 will be confirmation of strong up moves.

FII Trading Data in Derivatives Segment on 24-Nov-2011

FII & DII trading activity in Capital Market Segment on 24-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 24-Nov-2011 2072.95 3709.03 -1636.08

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Nov-2011 1908.66 860.91 1047.75

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

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

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

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.

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.

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.

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.

FII Trading Data in Derivatives Segment on 23-Nov-2011

FII & DII trading activity in Capital Market Segment on 23-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 23-Nov-2011 1776.24 2962.66 -1186.42

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Nov-2011 1794.71 868.55 926.16

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):-

Just click on chart for its enlarged view

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.

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%)

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