Whole day sideways intraday trading between 5586-5640 with higher levels selling patterns between 5620-5640. Follow up selling tomorrow and sustaining below 5586 will be very short term correction confirmation. As daily indicators are overbought also therefore mentioned correction possibility turning higher today.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Participation in Fed triggered Global Markets Rally
Technical Analysis,Research & Weekly Outlook
(Sep 17 to Sep 21,2012)
Nifty-Intra Day Chart (14-Sep-2012):- |
| Just click on chart for its enlarged view |
1- Consolidation between 5545-5570
2- Whole day trading between 5528-5585
Conclusions from intra day chart analysis
Most time intraday consolidations and on going rally continuation is expected.
Nifty-EOD Chart (14-Sep-2012):-
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| Just click on chart for its enlarged view |
1- 4531.15 on 20-12-2011
2- Wave-1(5629.95 on 22-02-2012)
3- Wave-2(4770.35 on 04-06-2012)
4- Sub Wave-1(5348.55 ON 10-07-2012)
5- Sub Wave-2(5032.40 on 26-07-2012)
6- Sub Wave-3(5448.40 on 23-08-2012)
7- Sub Wave-4(5215.70 on 05-09-2012)
8- Sub Wave-5 of Wave-3 is on
Conclusions (After Putting All Studies Together)
All trends are up and participation in Fed triggered Global markets rally through 80 points huge gap up opening on 14-09-2012. As previous session up moves with intraday consolidation patterns therefore rally continuation is expected in the coming week as well as new top of 2012 will also be seen.
FII & DII trading activity in Capital Market Segment on 14-Sep-2012
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Indian Stock Markets Closing Reports(14-Sep-2012)
Main features of today trading are as follows
1- All the Indices closed in Green except FMCG.
2- Participation in Global Stock markets blasting rally with huge gap up opening.
3- White Candle formation.
Ratios
Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(01-Aug-2012): 17.74
Advances & Declines
BSE Advances : 1480
BSE Declines : 1456
NSE Advances : 775
NSE Declines : 659
Nifty Open Interest Changed Today
Nifty- 5300 CE(Aug)- -953,800(-27.93%)
Nifty- 5300 PE(Aug)- -1,503,750(-15.02%)
Nifty- 5400 CE(Aug)- -2,405,900(-40.68%)
Nifty- 5400 PE(Aug)- 345,750(4.81%)
Nifty- 5500 CE(Aug)- 345,100 (6.80%)
Nifty- 5500 PE(Aug)- 3,036,500(131.92%)
Nifty- 5600 CE(Aug)- -1,513,500(-15.64%)
Nifty- 5600 PE(Aug)- 4,126,600(823.43%)
Closing
Nifty- closed at 5,577.65(142.30 Points & 2.62%)
Sensex- closed at 18,464.27(443.11 Points & 2.46% )
CNX Midcap - closed at 7,340.00(69.00 Points & 0.95%)
BSE SMLcap- closed at 6,623.12(29.58 Points & 0.45%)
1- All the Indices closed in Green except FMCG.
2- Participation in Global Stock markets blasting rally with huge gap up opening.
3- White Candle formation.
Ratios
Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(01-Aug-2012): 17.74
Advances & Declines
BSE Advances : 1480
BSE Declines : 1456
NSE Advances : 775
NSE Declines : 659
Nifty Open Interest Changed Today
Nifty- 5300 CE(Aug)- -953,800(-27.93%)
Nifty- 5300 PE(Aug)- -1,503,750(-15.02%)
Nifty- 5400 CE(Aug)- -2,405,900(-40.68%)
Nifty- 5400 PE(Aug)- 345,750(4.81%)
Nifty- 5500 CE(Aug)- 345,100 (6.80%)
Nifty- 5500 PE(Aug)- 3,036,500(131.92%)
Nifty- 5600 CE(Aug)- -1,513,500(-15.64%)
Nifty- 5600 PE(Aug)- 4,126,600(823.43%)
Closing
Nifty- closed at 5,577.65(142.30 Points & 2.62%)
Sensex- closed at 18,464.27(443.11 Points & 2.46% )
CNX Midcap - closed at 7,340.00(69.00 Points & 0.95%)
BSE SMLcap- closed at 6,623.12(29.58 Points & 0.45%)
Nifty Spot-Levels & Trading Strategy for 17-09-2012
Nifty Spot-Levels
R3 5660
R2 5623
R1 5600
Avg 5563
S1 5540
S2 5503
S3 5480
Nifty Spot-Trading Strategy
H6 5637 Trgt 2
H5 5623 Trgt 1
H4 5610 Long breakout
H3 5593 Go Short
H2 5588
H1 5582
L1 5571
L2 5566
L3 5560 Long
L4 5544 Short Breakout
L5 5530 Trgt 1
L6 5516 Trgt 2
R3 5660
R2 5623
R1 5600
Avg 5563
S1 5540
S2 5503
S3 5480
Nifty Spot-Trading Strategy
H6 5637 Trgt 2
H5 5623 Trgt 1
H4 5610 Long breakout
H3 5593 Go Short
H2 5588
H1 5582
L1 5571
L2 5566
L3 5560 Long
L4 5544 Short Breakout
L5 5530 Trgt 1
L6 5516 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 17-09-2012
Nifty(Sep Fut)-Levels
R3 5677
R2 5637
R1 5610
Avg 5570
S1 5543
S2 5503
S3 5476
Nifty(Sep Fut)-Trading Strategy
H6 5651 Trgt 2
H5 5636 Trgt 1
H4 5620 Long breakout
H3 5602 Go Short
H2 5596
H1 5590
L1 5577
L2 5571
L3 5565 Long
L4 5547 Short Breakout
L5 5531 Trgt 1
L6 5516 Trgt 2
R3 5677
R2 5637
R1 5610
Avg 5570
S1 5543
S2 5503
S3 5476
Nifty(Sep Fut)-Trading Strategy
H6 5651 Trgt 2
H5 5636 Trgt 1
H4 5620 Long breakout
H3 5602 Go Short
H2 5596
H1 5590
L1 5577
L2 5571
L3 5565 Long
L4 5547 Short Breakout
L5 5531 Trgt 1
L6 5516 Trgt 2
Bank Nifty(Sep Fut)-Levels & Trading Strategy for 17-09-2012
Bank Nifty(Sep Fut)-Levels
R3 11633
R2 11316
R1 10983
Avg 10666
S1 10333
S2 10016
S3 9683
Bank Nifty(Sep Fut)-Trading Strategy
H6 11318 Trgt 2
H5 11163 Trgt 1
H4 11007 Long breakout
H3 10828 Go Short
H2 10769
H1 10709
L1 10590
L2 10530
L3 10471 Long
L4 10292 Short Breakout
L5 10136 Trgt 1
L6 9981 Trgt 2
R3 11633
R2 11316
R1 10983
Avg 10666
S1 10333
S2 10016
S3 9683
Bank Nifty(Sep Fut)-Trading Strategy
H6 11318 Trgt 2
H5 11163 Trgt 1
H4 11007 Long breakout
H3 10828 Go Short
H2 10769
H1 10709
L1 10590
L2 10530
L3 10471 Long
L4 10292 Short Breakout
L5 10136 Trgt 1
L6 9981 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Sep 17 to Sep 21,2012)
Nifty Spot-Weekly Levels
R3 5918
R2 5752
R1 5664
Avg 5498
S1 5410
S2 5244
S3 5156
Nifty Spot-Weekly Trading Strategy
H6 5842 Trgt 2
H5 5779 Trgt 1
H4 5716 Long breakout
H3 5646 Go Short
H2 5623
H1 5600
L1 5553
L2 5530
L3 5507 Long
L4 5437 Short Breakout
L5 5374 Trgt 1
L6 5311 Trgt 2
R3 5918
R2 5752
R1 5664
Avg 5498
S1 5410
S2 5244
S3 5156
Nifty Spot-Weekly Trading Strategy
H6 5842 Trgt 2
H5 5779 Trgt 1
H4 5716 Long breakout
H3 5646 Go Short
H2 5623
H1 5600
L1 5553
L2 5530
L3 5507 Long
L4 5437 Short Breakout
L5 5374 Trgt 1
L6 5311 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Sep 17 to Sep 21,2012)
Bank Nifty Spot-Weekly Levels
R3 11525
R2 11094
R1 10868
Avg 10437
S1 10211
S2 9780
S3 9554
Bank Nifty Spot-Weekly Trading Strategy
H6 11340 Trgt 2
H5 11172 Trgt 1
H4 11003 Long breakout
H3 10822 Go Short
H2 10762
H1 10702
L1 10581
L2 10521
L3 10461 Long
L4 10280 Short Breakout
L5 10111 Trgt 1
L6 9943 Trgt 2
R3 11525
R2 11094
R1 10868
Avg 10437
S1 10211
S2 9780
S3 9554
Bank Nifty Spot-Weekly Trading Strategy
H6 11340 Trgt 2
H5 11172 Trgt 1
H4 11003 Long breakout
H3 10822 Go Short
H2 10762
H1 10702
L1 10581
L2 10521
L3 10461 Long
L4 10280 Short Breakout
L5 10111 Trgt 1
L6 9943 Trgt 2
Pre-open Outlook(14-09-2012)
Although intraday charts of yesterday are showing selling formations but Global markets are blasting therefore on going rally will remain continued without any correction.
Technical Analysis and Market Outlook(14-09-2012)
Nifty-Intra Day Chart (13Sep-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5436-5447
2- Minor buying between 5422-5430
3- Whole day trading between 5422-5447
25 Points whole day narrow range trading with lower levels trading with minor supports at lower levels but higher levels good selling also. As good selling today after yesterday selling formations therefore correction is expected from tomorrow despite whatsoever decision from FED today night.
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| Just click on chart for its enlarged view |
1- Selling between 5436-5447
2- Minor buying between 5422-5430
3- Whole day trading between 5422-5447
Conclusions from intra day chart analysis
25 Points whole day narrow range trading with lower levels trading with minor supports at lower levels but higher levels good selling also. As good selling today after yesterday selling formations therefore correction is expected from tomorrow despite whatsoever decision from FED today night.
FII & DII trading activity in Capital Market Segment on 01-Aug-2012
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Indian Stock Markets Closing Reports(13-Sep-2012)
Main features of today trading are as follows
1- Benchmark Indices closed positive with minor gains.
2- Doji Candle formation.
3- Mixed closing of Indices with minor gains or loss.
Ratios
Nifty Put Call Ratio: 1.16
Nifty P/E Ratio(01-Aug-2012): 17.38
Advances & Declines
BSE Advances : 1217
BSE Declines : 1624
NSE Advances : 583
NSE Declines : 868
Nifty Open Interest Changed Today
Nifty- 5200 CE(Aug)- -106,500(-7.01%)
Nifty- 5200 PE(Aug)- -504,650(-5.40%)
Nifty- 5300 CE(Aug)- -223,000 (-6.13%)
Nifty- 5300 PE(Aug)- 498,300(5.24%)
Nifty- 5400 CE(Aug)- 248,500(4.39%)
Nifty- 5400 PE(Aug)- 1,294,050(21.96%)
Nifty- 5500 CE(Aug)- 482,850(6.18%)
Nifty- 5500 PE(Aug)- 229,450(11.07%)
Closing
Nifty- closed at 5,435.35(4.35 Points & 0.08%)
Sensex- closed at 18,021.16(21.13 Points & 0.12%)
CNX Midcap - closed at 7,271.00(-25.20 Points & -0.35%)
BSE SMLcap- closed at 6,593.54(-16.54 Points & -16.54%)
1- Benchmark Indices closed positive with minor gains.
2- Doji Candle formation.
3- Mixed closing of Indices with minor gains or loss.
Ratios
Nifty Put Call Ratio: 1.16
Nifty P/E Ratio(01-Aug-2012): 17.38
Advances & Declines
BSE Advances : 1217
BSE Declines : 1624
NSE Advances : 583
NSE Declines : 868
Nifty Open Interest Changed Today
Nifty- 5200 CE(Aug)- -106,500(-7.01%)
Nifty- 5200 PE(Aug)- -504,650(-5.40%)
Nifty- 5300 CE(Aug)- -223,000 (-6.13%)
Nifty- 5300 PE(Aug)- 498,300(5.24%)
Nifty- 5400 CE(Aug)- 248,500(4.39%)
Nifty- 5400 PE(Aug)- 1,294,050(21.96%)
Nifty- 5500 CE(Aug)- 482,850(6.18%)
Nifty- 5500 PE(Aug)- 229,450(11.07%)
Closing
Nifty- closed at 5,435.35(4.35 Points & 0.08%)
Sensex- closed at 18,021.16(21.13 Points & 0.12%)
CNX Midcap - closed at 7,271.00(-25.20 Points & -0.35%)
BSE SMLcap- closed at 6,593.54(-16.54 Points & -16.54%)
Nifty Spot-Levels & Trading Strategy for 14-09-2012
Nifty Spot-Levels
R3 5473
R2 5460
R1 5447
Avg 5434
S1 5421
S2 5408
S3 5395
Nifty Spot-Trading Strategy
H6 5461 Trgt 2
H5 5455 Trgt 1
H4 5449 Long breakout
H3 5442 Go Short
H2 5439
H1 5437
L1 5432
L2 5430
L3 5427 Long
L4 5420 Short Breakout
L5 5414 Trgt 1
L6 5408 Trgt 2
R3 5473
R2 5460
R1 5447
Avg 5434
S1 5421
S2 5408
S3 5395
Nifty Spot-Trading Strategy
H6 5461 Trgt 2
H5 5455 Trgt 1
H4 5449 Long breakout
H3 5442 Go Short
H2 5439
H1 5437
L1 5432
L2 5430
L3 5427 Long
L4 5420 Short Breakout
L5 5414 Trgt 1
L6 5408 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 14-09-2012
Nifty(Sep Fut)-Levels
R3 5476
R2 5465
R1 5457
Avg 5446
S1 5438
S2 5427
S3 5419
Nifty(Sep Fut)-Trading Strategy
H6 5469 Trgt 2
H5 5464 Trgt 1
H4 5460 Long breakout
H3 5455 Go Short
H2 5453
H1 5451
L1 5448
L2 5446
L3 5444 Long
L4 5439 Short Breakout
L5 5435 Trgt 1
L6 5430 Trgt 2
R3 5476
R2 5465
R1 5457
Avg 5446
S1 5438
S2 5427
S3 5419
Nifty(Sep Fut)-Trading Strategy
H6 5469 Trgt 2
H5 5464 Trgt 1
H4 5460 Long breakout
H3 5455 Go Short
H2 5453
H1 5451
L1 5448
L2 5446
L3 5444 Long
L4 5439 Short Breakout
L5 5435 Trgt 1
L6 5430 Trgt 2
Bank Nifty(Sep Fut)-Levels & Trading Strategy for 14-09-2012
Bank Nifty(Sep Fut)-Levels
R3 10367
R2 10322
R1 10273
Avg 10228
S1 10179
S2 10134
S3 10085
Bank Nifty(Sep Fut)-Trading Strategy
H6 10319 Trgt 2
H5 10298 Trgt 1
H4 10276 Long breakout
H3 10250 Go Short
H2 10242
H1 10233
L1 10216
L2 10207
L3 10199 Long
L4 10173 Short Breakout
L5 10151 Trgt 1
L6 10130 Trgt 2
R3 10367
R2 10322
R1 10273
Avg 10228
S1 10179
S2 10134
S3 10085
Bank Nifty(Sep Fut)-Trading Strategy
H6 10319 Trgt 2
H5 10298 Trgt 1
H4 10276 Long breakout
H3 10250 Go Short
H2 10242
H1 10233
L1 10216
L2 10207
L3 10199 Long
L4 10173 Short Breakout
L5 10151 Trgt 1
L6 10130 Trgt 2
Pre-Closing Outlook(13-09-2012)
Following lines were told today in Technical Analysis and Market Outlook(13-09-2012):-
1- As intraday charts of yesterday are showing selling formations therefore consolidations are must today for sustaining and rally above 5450.
2- firstly trading is expected between 5394-5450.
3- follow up buying/selling today will decide next decisive moves beyond mentioned strong resistance range.
First 5 hours trading today between 5,447.45-5,421.85 with minor supports at lower levels but higher levels selling formations also. Slipping below 5422 will mean sharp down moves because below it selling formations yesterday.
1- As intraday charts of yesterday are showing selling formations therefore consolidations are must today for sustaining and rally above 5450.
2- firstly trading is expected between 5394-5450.
3- follow up buying/selling today will decide next decisive moves beyond mentioned strong resistance range.
First 5 hours trading today between 5,447.45-5,421.85 with minor supports at lower levels but higher levels selling formations also. Slipping below 5422 will mean sharp down moves because below it selling formations yesterday.
Technical Analysis and Market Outlook(13-09-2012)
Nifty-Intra Day Chart (12-Sep-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5410-5415.
2- Volatility after ESM package favouring SC judgement news from Germany.
3- Upmoves in Bearish Rising Wedge formation.
3- Whole day trading between 5394-5434.
Firstly slipping after intraday selling and then volatility after ESM package favouring SC judgement news from Germany, As higher levels selling in first 2 hours and finally Upmoves in Bearish Rising wedge formations in last more than one hour therefore fresh consolidation is required for sustaining above yesterday trading range.
All trends are up and up moves continuation but Nifty is trading between strong resistance range(5380-5450). As intraday charts of yesterday are showing selling formations therefore consolidations are must today for sustaining and rally above 5450.
Pre-open Outlook(13-09-2012)
Almost flat Global markets today therefore sentiment is quiet today morning and firstly trading is expected between 5394-5450,follow up buying/selling today will decide next decisive moves beyond mentioned strong resistance range.
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| Just click on chart for its enlarged view |
1- Selling between 5410-5415.
2- Volatility after ESM package favouring SC judgement news from Germany.
3- Upmoves in Bearish Rising Wedge formation.
3- Whole day trading between 5394-5434.
Conclusions from intra day chart analysis
Firstly slipping after intraday selling and then volatility after ESM package favouring SC judgement news from Germany, As higher levels selling in first 2 hours and finally Upmoves in Bearish Rising wedge formations in last more than one hour therefore fresh consolidation is required for sustaining above yesterday trading range.
All trends are up and up moves continuation but Nifty is trading between strong resistance range(5380-5450). As intraday charts of yesterday are showing selling formations therefore consolidations are must today for sustaining and rally above 5450.
Pre-open Outlook(13-09-2012)
Almost flat Global markets today therefore sentiment is quiet today morning and firstly trading is expected between 5394-5450,follow up buying/selling today will decide next decisive moves beyond mentioned strong resistance range.
FII & DII trading activity in Capital Market Segment on 12-Sep-2012
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