Nifty on the Verge of strong rally above 19 sessions range

Technical Analysis and Market Outlook(19-10-2012)

Nifty-Intra Day Chart (18-Oct-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5650-5668
2- Consolidation patterns between 5685-5710 
3- Whole day acual trading between 5650-5721

Conclusions from intra day chart analysis 

Strong up moves after lower levels good consolidation and last more than 3 hours trading between 5685-5710 with intraday consolidation patterns. As consolidation patterns seen within next strong resistance range(5700-5733) also therefore last 19 sessions sideways market range(5639-5733) upward break out possibility increased today,subject to the condition of follow up consolidations in the coming sessions.

Indian markets are on the verge of strong rally after 19 sessions trading range(5639-5733) upward break out but confirmation is must through forceful surge or sustaining above 5733/5756.

FII Trading Data in Derivatives Segment on 18-Oct-2012

FII & DII trading activity in Capital Market Segment on 18-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 18-Oct-2012 2336.35 2405.22 -68.87

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 18-Oct-2012 1208.96 1393.52 -184.56

Indian Stock Markets Closing Reports(18-Oct-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except CNX PHARMA
2- Whole day strong up moves after positive opening.
3- Long White Candle formation.

Ratios

Nifty Put Call Ratio: 1.04
Nifty P/E Ratio(18-Oct-2012): 17.99

Advances & Declines

BSE Advances : 1696
BSE Declines : 1161 
NSE Advances :  951
NSE Declines :  500

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- -654,000(-28.42%)
Nifty- 5600 PE(Oct)-  863,600(10.94%)

Nifty- 5700 CE(Oct)- -1,498,850(-22.13%)
Nifty- 5700 PE(Oct)-  1,777,400(33.66%)

Nifty- 5800 CE(Oct)- -2,204,850(-18.78%)
Nifty- 5800 PE(Oct)-  633,250(53.88%)

Closing 

Sensex- closed at 18,791.93(181.16 Points & 0.97%)
Nifty- closed at 5,718.70(58.45 Points & 1.03%)
CNX Midcap - closed at 7,945.35(83.80 Points & 1.07%)
CNX Smallcap- closed at 3,545.40(52.00 Points & 1.49%)

Nifty Spot-Levels & Trading Strategy for 19-10-2012

Nifty Spot-Levels

R3 5815

R2 5768

R1 5743

Avg 5696

S1 5671

S2 5624

S3 5599

Nifty Spot-Trading Strategy

H6 5790     Trgt 2 

H5 5774     Trgt 1

H4 5757     Long breakout 

H3 5737     Go Short 

H2 5731

H1 5724

L1 5711

L2 5704

L3 5698     Long 

L4 5678     Short Breakout 

L5 5661     Trgt 1 

L6 5645     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 19-10-2012

Nifty(Oct Fut)-Levels

R3 5843

R2 5793

R1 5764

Avg 5714

S1 5685

S2 5635

S3 5606

Nifty(Oct Fut)-Trading Strategy

H6 5816     Trgt 2 

H5 5797     Trgt 1

H4 5779     Long breakout 

H3 5757    Go Short 

H2 5750

H1 5743

L1 5728

L2 5721

L3 5714     Long 

L4 5692     Short Breakout 

L5 5674     Trgt 1 

L6 5656     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 19-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11958

R2 11797

R1 11710

Avg 11549

S1 11462

S2 11301

S3 11214

Bank Nifty(Oct Fut)-Trading Strategy

H6 11877     Trgt 2 

H5 11818     Trgt 1

H4 11760     Long breakout 

H3 11692     Go Short 

H2 11669

H1 11646

L1 11601

L2 11578

L3 11555     Long 

L4 11487     Short Breakout 

L5 11429     Trgt 1 

L6 11370     Trgt 2

Pre-Closing Outlook(18-10-2012)

As Indian markets traded whole day yesterday with intraday consolidation patterns and also got lower levels supports therefore deeper correction was not projected and following lines were told in both previous Outlooks yesterday:-

1- supports strengthened near 5639
2- sideways correction(5634-5733) will remain continued tomorrow. 
3- Indian markets are in sideways correction mode between 5639-5733.

Today trading within adove mentioned ranges without any deeper correction today. Indian markets are in sideways correction mode between 5639-5733 and today trading within it as well as today trading also betweeen next resistance range(5700-5733)

As today intraday patterns are also showing good consolidation therefore possibility of above mentioned range break out above 5733/5756 increased but 19 sessions sideways market and its break out confirmation is must through forceful break out or sustaining above 5733/5756.

Technical Analysis and Market Outlook(18-10-2012)

Nifty-Intra Day Chart (17-Oct-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Minor selling between 5656-5670
2- Down moves in Falling Channel.
3- Support between 5634-5646.
4- Whole day intraday consolidations patterns 
5- Whole day acual trading between 5634-574

Conclusions from intra day chart analysis 

Firstly down moves in Falling Channel after minor selling at higher levels and intraday supports also at lower levels. Although crucial support of 5639 broken but got support just below at 5634 and Whole day intraday patterns are showing consolidation formations also therefore supports strengthened near 5639.

Nifty traded most time between 5639-5733 in last 18 sessions and correcting sideways after 600 Nifty points strong rally in 21 sessions from 05-09-2012 to 05-10-2012. As Whole day intraday patterns are showing consolidation formations with lower levels good supports today therefore expected that on going range bound sideways correction(5634-5733) will remain continued tomorrow. 

Market takes its own time for building up positions and one has to wait for final forceful break out or sustaining beyond 

5634-5733/5656. 

FII Trading Data in Derivatives Segment on 17-Oct-2012

FII & DII trading activity in Capital Market Segment on 17-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 17-Oct-2012 2176.6 2141.06 35.54

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Oct-2012 893.12 1141.52 -248.4

Indian Stock Markets Closing Reports(17-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green with nominal gains.
2- Sideways narrow range market.
3- Black Candle formation.

Ratios

Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(17-Oct-2012): 17.83

Advances & Declines

BSE Advances : 1324
BSE Declines : 1543
NSE Advances :  626
NSE Declines :  811

Nifty Open Interest Changed Today

Nifty- 5500 CE(Oct)- -14,650(-1.36%)
Nifty- 5500 PE(Oct)- 2,108,600(32.61%)

Nifty- 5600 CE(Oct)- 218,950(9.54%)
Nifty- 5600 PE(Oct)- 658,950(8.53%)

Nifty- 5700 CE(Oct)- -147,850(-2.05%)
Nifty- 5700 PE(Oct)-  292,750(5.81%)

Nifty- 5800 CE(Oct)- 2,133,500(21.22%)
Nifty- 5800 PE(Oct)- -161,800(-11.95%)

Closing 

Sensex- closed at 18,610.77(33.07 Points & 0.18%)
Nifty- closed at 5,660.25(12.25 Points & 0.22%)
CNX Midcap - closed at 7,861.55(2.25 Points & 0.03%)
CNX Smallcap- closed at 3,493.40(11.00 Points & 0.32%)

Nifty Spot-Levels & Trading Strategy for 18-10-2012

Nifty Spot-Levels

R3 5736
R2 5710
R1 5685
Avg 5659
S1 5634
S2 5608
S3 5583

Nifty Spot-Trading Strategy

H6  5711    Trgt 2
H5  5699    Trgt 1
H4  5688    Long breakout
H3  5674    Go Short
H2  5669
H1  5664
L1  5655
L2  5650
L3  5645    Long
L4  5631    Short Breakout
L5  5620    Trgt 1
L6  5608    Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 18-10-2012

Nifty(Oct Fut)-Levels

R3 5742

R2 5718

R1 5693

Avg 5669

S1 5644

S2 5620

S3 5595

Nifty(Oct Fut)-Trading Strategy

H6  5718    Trgt 2 

H5  5707    Trgt 1

H4  5695    Long breakout 

H3  5682    Go Short 

H2  5677

H1  5673

L1  5664

L2  5660

L3  5655    Long 

L4  5642    Short Breakout 

L5  5630    Trgt 1 

L6  5619    Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 18-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11562

R2 11504

R1 11446

Avg 11388

S1 11330

S2 11272

S3 11214

Bank Nifty(Oct Fut)-Trading Strategy

H6 11504     Trgt 2 

H5 11478     Trgt 1

H4 11451     Long breakout 

H3 11419     Go Short 

H2 11409

H1 11398

L1 11377

L2 11366

L3 11356     Long 

L4 11324     Short Breakout 

L5 11297     Trgt 1 

L6 11271     Trgt 2

Pre-Closing Outlook(17-10-2012)

Most of the time trading between 5639-5674 with minor selling at higher levels and slipping below 5639 but getting support also at 5634. As lower levels intraday patterns are showing consolidation formations with lower levels supports also therefore supports strengthened near 5639 and Indian markets are in sideways correction mode between 5639-5733.

Mid-session Outlook-2(17-10-2012)

Nifty slipped below 5639 but just watch sustaining below it because only that will be deeper correction confirmation.

Mid-session Outlook(17-10-2012)

Narrow range market today betwen 5641-5674 with intraday selling patterns higher levels. As intraday selling within previous support ranges therefore expected that down moves will be seen below 5639.

Post-open Outlook(17-10-2012)

Good opening on the back of positive Global markets but started to slip immediately after opening. Today intraday charts are showing consolidation indications but decisive up moves will be seen after sustaining above 5639 and 5674.

Technical Analysis and Market Outlook(17-10-2012)

Nifty-Intra Day Chart (Oct 08 to Oct 16,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 7 Sessions intraday charts

1- Selling between 5700-5720
2- Selling between 5720-5733
3- Consolidation between 5639-5664
4- 7 Sessions trading between 5639-5733 

Conclusions from 7 Sessions intra day chart analysis 

600 Nifty points strong rally in 21 sessions from 05-09-2012 to 05-10-2012 and after that its  correction in last 7 sessions with intraday Consolidation at lower levels and selling at higher levels with violent volatility also within 5639-5733.

Rally above 5733 after correction completion or deeper correction below 5639 will form next decisive trend after break out of last 7 Sessions trading range. As equally good supports at lower levels before today sharp fall therefore deeper correction confirmation is firstly required tomorrow through sustaining below 5639 but sustaining above 5639 will be confirmation of sideways market also.

Following lines were told on 13.10.2012 in Technical Analysis,Research & Weekly Outlook
(Oct 15 to Oct 19,2012) and being repeated for final conclusions:-

final break out of previous 3 weeks actual trading range(5639-5756) should be firstly watched because that will give confirmation to following decisive moves:-

1- Above 5756 will mean rally continuation after completion of sideways correction.
2- Below 5639 will mean deeper correction after 21 sessions 600 Nifty points strong rally.

Indian Stock Markets Closing Reports(16-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.
2- All the indices closed in Red except CNX MEDIA.
3- Long Black Candle formation.

Ratios

Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(16-Oct-2012): 17.82

Advances & Declines

BSE Advances : 1190
BSE Declines : 1703
NSE Advances :  504
NSE Declines :  962

Nifty Open Interest Changed Today

Nifty- 5600 CE(Oct)- 16,900(1.54%)
Nifty- 5600 PE(Oct)- 463,750(7.67%)

Nifty- 5600 CE(Oct)- 152,450(6.82%)
Nifty- 5600 PE(Oct)- 389,350(5.06%)

Nifty- 5700 CE(Oct)- 1,801,600(31.19%)
Nifty- 5700 PE(Oct)- -495,650(-8.69%)

Nifty- 5700 CE(Oct)- 1,154,000(12.58%)
Nifty- 5700 PE(Oct)- -484,500(-25.25%)

Closing 

Sensex- closed at 18,577.70(-135.85 Points & -0.73%)
Nifty- closed at 5,648.00(-39.25 Points & -0.69%)
CNX Midcap - closed at 7,859.30(77.60 Points & -0.98%)
CNX Smallcap- closed at 3,482.40(-9.10 Points & -0.26%)