Nifty(Sep Fut)-Levels & Trading Strategy for 13-09-2012

Nifty(Sep Fut)-Levels

R3 5514
R2 5483
R1 5464
Avg 5433
S1 5414
S2 5383
S3 5364

Nifty(Sep Fut)-Trading Strategy

H6 5496     Trgt 2
H5 5484    Trgt 1
H4 5473     Long breakout
H3 5459     Go Short
H2 5455
H1 5450
L1 5441
L2 5436
L3 5432     Long
L4 5418     Short Breakout
L5 5407     Trgt 1
L6 5359     Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 13-09-2012

Bank Nifty(Sep Fut)-Levels

R3 10388
R2 10316
R1 10266
Avg 10194
S1 10144
S2 10072
S3 10022

Bank Nifty(Sep Fut)-Trading Strategy

H6 10339     Trgt 2
H5 10311     Trgt 1
H4 10283     Long breakout
H3 10249     Go Short
H2 10238
H1 10227
L1 10204
L2 10193
L3 10182     Long
L4 10148     Short Breakout
L5 10120     Trgt 1
L6 10092     Trgt 2

Pre-Closing Outlook(12-09-2012)

All trends are up and up moves continuation after news based high intraday volatility. As positive news flow also therefore rally continuation is expected.

Mid-session Outlook-3(12-09-2012)

Slipping from intraday higher levels but supports at lower levels also as well as volatility after ESM package favouring SC judgement news from Germany. As Technical positions reverses during such volatility therefore finally sustaining beyond 5402-5417 will be next trend confirmation and should be firstly watched.

Mid-session Outlook-2(12-09-2012)

As again profit booking therefore not sustaining at higher levels. 

Mid-session Outlook(12-09-2012)

July IIP at 0.1% vs 3.7% (YoY)

Although Indian markets slipped from intraday higher levels after minor profit booking at higher levels but intraday patterns are indicating consolidation formations also. Indian markets are reacting today announced IIP data as well as preparing for post RBI Credit Policy moves on 17-09-2012.

All trends are up and Nifty is trading within strong resistance range(5380-5450),its break out will form next big moves. Forceful break out or sustaining beyond of today 15 points intraday trading range(5402-5417) will give first signal of mentioned resistance range break out direction therefore should be firstly watched.

Rally continuation after correction completion

Nifty-EOD Chart (11-Sep-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-2(4770.35 on 04-06-2012)
2- Sub Wave-1(5348.55 ON 10-07-2012)
3- Sub Wave-2(5032.40 on 26-07-2012)
4- Sub Wave-3(5448.40 on 23-08-2012)
5- Sub Wave-4(5215.70 on 05-09-2012)
6- Sub Wave-5 of Wave-3 is on after correction completion

Conclusions from EOD chart analysis 

Sub Wave-5 of Wave-3 is on after correction completion but intraday selling  between 5362-5373 was seen on 10-Sep-2012 therefore firstly negative zone trading was seen yesterday. Intraday supports at lower levels and after that more than 1 hour trading above 5373 was seen yesterday therefore on going rally(Sub Wave-5 of Wave-3) continuation possibilities turned higher yesterday.

As strong resistances between 5380-5450 therefore complete consolidations is required for rally above 5450 and up moves may be slow also but expected that finally rally will be seen above 5450 .

FII Trading Data in Derivatives Segment on 11-Sep-2012

FII & DII trading activity in Capital Market Segment on 11-Sep-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 11-Sep-2012 1735.72 1312.13 423.59

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Sep-2012 711.27 1077.07 -365.8

Indian Stock Markets Closing Reports(11-Sep-2012)

Main features of today trading are as follows

1- All the Indices closed in Green.
2- Long White Candle.
3- Closing near the highs of the day.

Ratios

Nifty Put Call Ratio: 1.13
Nifty P/E Ratio(01-Aug-2012): 17.22

Advances & Declines

BSE Advances : 1557
BSE Declines : 1293
NSE Advances :  782
NSE Declines :  642

Nifty Open Interest Changed Today

Nifty- 5200 CE(Aug)- -104,400(-5.51%)
Nifty- 5200 PE(Aug)-  977,500(12.15%)

Nifty- 5300 CE(Aug)- -146,950(-3.38%)
Nifty- 5300 PE(Aug)-  1,339,150(18.64%)

Nifty- 5400 CE(Aug)- -527,800(-7.82%)
Nifty- 5400 PE(Aug)-  1,650,200(58.34%)

Nifty- 5500 CE(Aug)-  297,700(4.25%)
Nifty- 5500 PE(Aug)-  190,750(15.48%)

Closing 

Nifty- closed at   5,390.00(26.55 Points & 0.50%)
Sensex- closed at 17,852.95(86.17 Points & 0.49%)
CNX Midcap - closed at 7,278.25(23.75 Points & 0.33%)
BSE SMLcap- closed at 6,579.68(38.03 Points & 0.58%)

Nifty Spot-Levels & Trading Strategy for 12-09-2012

Nifty Spot-Levels

R3 5472
R2 5432
R1 5411
Avg 5371
S1 5350
S2 5310
S3 5289

Nifty Spot-Trading Strategy

H6 5451     Trgt 2
H5 5437     Trgt 1
H4 5423     Long breakout
H3 5406     Go Short
H2 5401
H1 5395
L1 5384
L2 5378
L3 5373     Long
L4 5356     Short Breakout
L5 5342     Trgt 1
L6 5328     Trgt 2

Nifty(Sep Fut)-Levels & Trading Strategy for 12-09-2012

Nifty(Sep Fut)-Levels

R3 5505
R2 5457
R1 5431
Avg 5383
S1 5357
S2 5309
S3 5283

Nifty(Sep Fut)-Trading Strategy

H6 5479     Trgt 2
H5 5462     Trgt 1
H4 5445     Long breakout
H3 5425     Go Short
H2 5418
H1 5411
L1 5398
L2 5391
L3 5384     Long
L4 5364     Short Breakout
L5 5347     Trgt 1
L6 5330     Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 12-09-2012

Bank Nifty(Sep Fut)-Levels

R3 10358
R2 10266
R1 10211
Avg 10119
S1 10064
S2 9972
S3 9917

Bank Nifty(Sep Fut)-Trading Strategy

H6 10305     Trgt 2
H5 10271     Trgt 1
H4 10237     Long breakout
H3 10197     Go Short
H2 10183
H1 10170
L1 10143
L2 10130
L3 10116     Long
L4 10076     Short Breakout
L5 10042     Trgt 1
L6 10008     Trgt 2

Pre-Closing Outlook(11-09-2012)

Last more than 3 hours positive zone trading after gap down opening today.but on the back of sharp surge in US Futures therefore confirmations are required through sustaining above 5373.

All trends are up and finally sustaining above 5373 will mean rally continuation after minor correction completion. As lower levels intraday supports today and yesterday as well as trading above yesterday intraday selling range today therefore on going rally continuation possibilities turning higher.

Mid-session Outlook-2(11-09-2012)

Dow's Futures was more than 50 points down and also trading in Red since opening today but its sharp surge and now +35 trading triggered recovery in presently trading all Asian markets. 

Although today intraday supports at lower levels but today recovery is US Futures led also therefore confirmation is must through sustaining above 5373.

Mid-session Outlook(11-09-2012)

Nifty is trading between yesterday intraday supports range(5349-5358) after lower levels intraday supports today.As seliing was also seen between 5362-5373 yesterday therefore until Nifty will not sustain above 5373 till then next up moves will not be considered.

For next trend confirmations:-

1- Firstly watch sustaining beyond 5349-5358
2- Final confirmation will be sustaining beyond 5332-5373

Post-open Outlook(11-09-2012)

Negative zone trading after gap down trading but minor intraday recovery from lower levels and testing of yesterday intraday supports range(5349-5358) as well as trading just below it for the last one hour.

As sustaining below 5349 will be correction continuation and more down moves confirmation therefore should be firstly watched today.

Technical Analysis and Market Outlook(11-09-2012)

Nifty-Intra Day Chart (10-Sep-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5349-5358
2- Selling between 5362-5373
3- Whole day trading between 5349-5375

Conclusions from intra day chart analysis 

As both higher levels selling and lower levels buying were seen yesterday therefore following lines were told in Pre-Closing Outlook yesterday and being repeated today:-

"Next move first strong signal will be forceful break out or sustaining beyond 5350-5375 and should be firstly watched"

Pre-open Outlook(11-09-2012)

US markets closed in Red at the lowest of the day yesterday therefore sentiment weakened and most Asian markets are trading negative today morning as well as some opened gap down also. As depressed sentiment today and higher levels selling in Indian markets yesterday therefore firstly negative zone trading will be seen after weaker opening today.

Intraday supports were also seen 5349-5358 yesterday and sustaining below 5349 will be more down moves confirmations. Strong up moves were seen on 07-09-2012 after lower levels  good consolidations as well as strong supports were also seen. Following supports should be firstly watched for today started down moves completion/continuation confirmations;-

1- 5310-5325
2- 5260-5310(Gap support of 07-09-2012)
3- 5220-5230(Strong support)

Indian Stock Markets Closing Reports(10-Sep-2012)

Main features of today trading are as follows

1- Benchmark Indices closed positive with minor gains.
2- Whole day sideways trading.
3- Doji Candle formation.

Ratios

Nifty Put Call Ratio: 1.15
Nifty P/E Ratio(10-Sep-2012): 17.15

Advances & Declines

BSE Advances : 1499
BSE Declines : 1339
NSE Advances :  780
NSE Declines :  660

Nifty Open Interest Changed Today

Nifty- 5200 CE(Sep)- -186,500(-8.96%)
Nifty- 5200 PE(Sep)-  253,800(3.26%)

Nifty- 5300 CE(Sep)- 59,950(1.40%)
Nifty- 5300 PE(Sep)- 1,120,000(18.47%)

Nifty- 5400 CE(Sep)- 18,500(0.27%)
Nifty- 5400 PE(Sep)- -20,650(-0.72%)

Nifty- 5500 CE(Sep)- 589,000(9.19%)
Nifty- 5500 PE(Sep)- 299,150(32.05%)

Closing 

Nifty- closed at 5,363.45(4.75 Points & 0.09%)
Sensex- closed at 17,766.78(17.13 Points & 0.10% )
CNX Midcap - closed at 7,251.15(15.35 Points & 0.21%)
BSE SMLcap- closed at 6,541.65(45.42 Points & 0.70%)

FII & DII trading activity in Capital Market Segment on 10-Sep-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 10-Sep-2012 2033.66 1340.93 692.73

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Sep-2012 665.1 983.42 -318.32

Nifty Spot-Levels & Trading Strategy for 11-09-2012

Nifty Spot-Levels

R3 5401
R2 5388
R1 5375
Avg 5362
S1 5349
S2 5336
S3 5323

Nifty Spot-Trading Strategy

H6 5389     Trgt 2
H5 5383     Trgt 1
H4 5377     Long breakout
H3 5370     Go Short
H2 5367
H1 5365
L1 5360
L2 5358
L3 5355     Long
L4 5348     Short Breakout
L5 5342     Trgt 1
L6 5336     Trgt 2