Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 08 to Oct 12,2012)

Bank Nifty Spot-Weekly Levels

R3 12099
R2 11922
R1 11716
PIVOT 11539
S1 11333
S2 11156
S3 10950

Bank Nifty Spot-Weekly Trading Strategy 

H6 11899     Trgt 2
H5 11810     Trgt 1
H4 11721     Long breakout
H3 11616     Go Short
H2 11581
H1 11546
L1 11475
L2 11440
L3 11405     Long
L4 11300     Short Breakout
L5 11211     Trgt 1
L6 11122     Trgt 2

Pre-Closing Outlook(05-10-2012)

Firstly fast up moves after lower circuit but after that again down moves and formation of higher intraday lows at 5707 at 11:30AM. As last more than 3 hours intraday trading between 5707-5750 after lower levels supports and consolidation formations also therefore on going rally continuation is expected after intraday correction completion through  huge panic of today.

Sentiment disturbs after today like big volatility and technical positions reverses also therefore next moves confirmation is also required through sustaining beyond 5707-5750.

NSE: Big Selling Order and No Technical Fault today

Mid-session Outlook(05-10-2012)

NSE says that whole trading was normal and no technical snag today. Sudden fall and stopping of trading was the result of big selling order as well as hitting of circuit filters.

Trading resumed again but Nifty lost all the gains of yesterday and traded more than 1.30% down today. Next strong supports are between 5639-5680 and until Nifty will not sustain below it till then deep correction will noy be considered.

Minor recovery seen after forming low at 5707 today and Nifty sustaining it above today will be intraday correction completion after sharp panic.

Huge volatility after technical problems

Huge volatility after NSE technical problems,it is the result of uncertainty and sentimental disturbances also. Market is not showing genuine levels,let market stabilize then trading should be done.

Technical Faults of NSE Syatems removed

High swings and Nifty turned more than 150 points down suddenly as well as BANK NIFTY was also down 13%,certainly technical faults developed in NSE systems. Although BSE was trading normal but volatile. 

Now technical faults have been remove and normal market is started but trading should be done after understanding achual and realistic levels.

Technical Analysis and Market Outlook(05-10-2012)

Nifty-Intra Day Chart (04-Oct-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Most of the time range bound moves between 5777-5807
2- Consolidation between 5777-5790
3- Whole day acual trading between 5752-5807

Conclusions from intra day chart analysis 

Firstly half hour surge and after that whole day range bound moves between 5777-5807 with lower levels consolidation between 5777-5790 on 05-10-2012. As no distribution patterns and whole day intraday patterns are showing consolidation formations therefore rally continuation is expected.

Pre-open Outlook(05-10-2012)

All trends are up and bullish rally is on as well as all the Asian markets are positive after moderate up moves in US markets therefore sentiment is heated today morning and volatility after higher levels profit booking can not be ruled out today.

Long positions should be created after intraday correction completion.

FII Trading Data in Derivatives Segment on 04-Oct-2012

FII & DII trading activity in Capital Market Segment on 04-Oct-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Oct-2012 3245.74 2301.21 944.53

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Oct-2012 1327.64 2146.2 -818.56

Indian Stock Markets Closing Reports(04-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green with good gains.
2- All the Indices closed in Green except CNX AUTO,CNX IT and CNX PHARMA.
3- Long White Candle.

Ratios

Nifty Put Call Ratio: 1.01
Nifty P/E Ratio(04-Oct-2012): 18.25

Advances & Declines

BSE Advances : 1698
BSE Declines : 1261
NSE Advances :  896
NSE Declines :  578

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- -221,050(-12.57%)
Nifty- 5600 PE(Oct)-  489,900(9.62%)

Nifty- 5700 CE(Oct)- -385,800(-11.07%)
Nifty- 5700 PE(Oct)-  729,150(15.07%)

Nifty- 5800 CE(Oct)- -1,004,250(-17.11%)
Nifty- 5800 PE(Oct)-  1,334,050(89.21%)

Nifty- 5900 CE(Oct)- 332,650(7.01%)
Nifty- 5900 PE(Oct)- 381,400(61.16%)

Closing 

Nifty- closed at 5,787.60(56.35 Points & 0.98%)
Sensex- closed at 19,058.15(188.46 Points & 1.00% )
CNX Midcap - closed at 8,007.65(32.30 Points & 0.40%)
CNX Smallcap- closed at 3,536.30(17.40 Points & 0.49%)

Nifty Spot-Levels & Trading Strategy for 05-10-2012

Nifty Spot-Levels

R3 5868
R2 5837
R1 5812
Avg 5781
S1 5756
S2 5725
S3 5700

Nifty Spot-Trading Strategy

H6 5843     Trgt 2
H5 5830     Trgt 1
H4 5817     Long breakout
H3 5802     Go Short
H2 5797
H1 5792
L1 5781
L2 5776
L3 5771     Long
L4 5756     Short Breakout
L5 5743     Trgt 1
L6 5730    Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 05-10-2012

Nifty(Oct Fut)-Levels

R3 5913
R2 5877
R1 5851
Avg 5815
S1 5789
S2 5753
S3 5727

Nifty(Oct Fut)-Trading Strategy

H6 5887     Trgt 2
H5 5873     Trgt 1
H4 5859     Long breakout
H3 5842     Go Short
H2 5836
H1 5830
L1 5819
L2 5813
L3 5807     Long
L4 5790     Short Breakout
L5 5776     Trgt 1
L6 5762     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 05-10-2012

Bank Nifty(Oct Fut)-Levels

R3 12014
R2 11876
R1 11796
Avg 11658
S1 11578
S2 11440
S3 11360

Bank Nifty(Oct Fut)-Trading Strategy

H6 11937     Trgt 2
H5 11886     Trgt 1
H4 11835     Long breakout
H3 11775     Go Short
H2 11755
H1 11735
L1 11696
L2 11676
L3 11656     Long
L4 11596     Short Breakout
L5 11545     Trgt 1
L6 11494     Trgt 2

Pre-Closing Outlook(04-10-2012)

Firstly half hour surge and after that whole day range bound moves between 5780-5807 today. Rally continuation is expected because today intraday charts are suggesting higher levels consolidations.

Mid-session Outlook(04-10-2012)

All trends are up and rally continuation after correction completion confirmation through forceful break out of last 7 sessions narrow trading range. 

Rally is continued and and expected that Nifty will test now next resistance of 5870-5910.

Post-open Outlook(04-10-2012)

Although negative divergence in indicators but Indian markets Opened gap up and honoured sharp surge in Asian markets after Dow's Futures turning strong suddenly and now 57 points up.

Rally is very much on and will remain continued after today confirmation of correction completion in narrow range in last 7 days.

Negative Divergence in Indicatiors

Technical Analysis and Research For 04-10-2012

Nifty-EOD Chart (03-Oct-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Without force up moves for the last 7 sessions.
2- Indicators moving down

Conclusions from EOD chart analysis 

Up moves in EOD chart but down moves in indicators therefore negative divergence development and emergence of correction possibility. Momentum turned down after slow up moves in last 7 trading sessions between 5639-5743 and forceful break out of this range will decide next trend but breaking down of 5639 will be deeper correction confirmation because market is prepared for that also.  

Indian Stock Markets Closing Reports(03-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Almost whole day positive zone trading.
3- Doji candle formation.

Ratios

Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(03-Oct-2012): 18.11

Advances & Declines

BSE Advances : 1754
BSE Declines : 1173
NSE Advances :  905
NSE Declines :  567

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- -53,200(-2.92%)
Nifty- 5600 PE(Oct)- 756,400(17.43%)

Nifty- 5700 CE(Oct)- 62,900(1.79%)
Nifty- 5700 PE(Oct)- 909,950(22.58%)

Nifty- 5800 CE(Oct)- 1,050,750(21.19%)
Nifty- 5800 PE(Oct)- 159,500(11.89%)

Closing 

Nifty- closed at 5,731.25(12.45 Points & 0.22%)
Sensex- closed at 18,869.69(45.78 Points & 0.24% )
CNX Midcap - closed at 7,975.35(58.50 Points & 0.74%)
CNX Smallcap- closed at 3,518.90(24.40 Points & 0.70%)

Nifty Spot-Levels & Trading Strategy for 04-10-2012

Nifty Spot-Levels

R3 5772
R2 5757
R1 5744
PIVOT 5729
S1 5716
S2 5701
S3 5688

Nifty Spot-Trading Strategy

H6 5759     Trgt 2
H5 5752     Trgt 1
H4 5746     Long breakout
H3 5738     Go Short
H2 5736
H1 5733
L1 5728
L2 5725
L3 5723     Long
L4 5715     Short Breakout
L5 5709     Trgt 1
L6 5702     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 04-10-2012

Nifty(Oct Fut)-Levels

R3 5812
R2 5792
R1 5780
PIVOT 5760
S1 5748
S2 5728
S3 5716

Nifty(Oct Fut)-Trading Strategy

H6 5800     Trgt 2
H5 5792     Trgt 1
H4 5785    Long breakout
H3 5776     Go Short
H2 5773
H1 5770
L1 5765
L2 5762
L3 5759     Long
L4 5750     Short Breakout
L5 5743     Trgt 1
L6 5735     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 04-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11690
R2 11619
R1 11552
PIVOT 11481
S1 11414
S2 11343
S3 11276

Bank Nifty(Oct Fut)-Trading Strategy

H6 11623     Trgt 2
H5 11592     Trgt 1
H4 11560     Long breakout
H3 11522     Go Short
H2 11510
H1 11497
L1 11472
L2 11459
L3 11447     Long
L4 11409     Short Breakout
L5 11377     Trgt 1
L6 11346     Trgt 2

Mid-session Outlook(03-10-2012)

As correction is on and both buying and selling was seen between 5639-5735 in previous week therefore almost following line was told in all the previous 4 days Outlooks:-

Sustaining beyond 5639-5735 should be firstly watched for confirmation of correction continuation or rally beginning after correction completion. 

Nifty crossed 5735 today but could not sustain above and slipped below after forming high at 5,743.25 as well as trading in Red now after more than 3 hours positive zone trading today.

Just click following link and understand Indian markets as well as wait for sustaining beyond 5639-5735 for next moves confirmations. 

5639-5735 For Correction Completion Confirmation