Pre-Closing Outlook(25-10-2012)

As sentiment improved because Dow's Futures was once 67 points up and Indian markets also moved up slowly but could not sustained at intraday higher levels as well as huge volatility seen after 02:30 PM today.

Range bound trading within 29 Nifty points between 5686-5715 but last hour highly volatile market which may be due to Oct Derivative expiry also.

Today is 22nd range bound trading sessions between 5639-5756. Higher levels selling and Lower levels buying is being told for the last 2 weeks and result is clear that Oct Derivative expiry is being seen within mentioned range near 5700.

it was positive US Futures news based led market today and also good volatility seen in last hour therefore technical reversal possibility can not be ruled out today. Indian markets are not prepared for any side decisive moves and will firstly prepare for that within 5639-5756 in the beginning of next week. 

Mid-session Outlook-2 (25-10-2012)

US Futures are increasing since opening today and Dow's Futures is now more than 55 points up therefore sentiment improved and Asian markets recovered from lower levels as well as all the European markets are trading in Green.

Indian markets also moved up nicely from intraday lower levels and trading in positive zone but rally after correction completion confirmation will be after sustaining above 5756.

Mid-session Outlook(25-10-2012)

As US Futures are trading with sufficient gains therefore sentiment improved and most Asian markets are positive. Indian markets also in Green today morning but good resistances above 5700 and until Nifty will not sustaining above 5721/6733 till then any up move will not be considered.

Nifty is preparing for next big trend for the last 21 Sessions with most time trading between 5639-5733,both strong supports at lower levels and good selling at higher levels. Sustaining beyond above mentioned range will be next moves confirmation and has to watch.

Let final break out confirmation come from intraday charts final formations then will be immediately updated.

Next trend in the hands of 5639

Nifty-Intra Day Chart (Oct 19 to Oct 23,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 3 Sessions intraday charts

1- More than 10 hours trading with intraday selling patterns between 5692-5721 in last 3 sessions.
2- Closing below 5692 on 23-10-2012

Conclusions from 3 Sessions intra day chart analysis 

Last 3 sessions Outlooks are live proofs of this fact that we started to tell about selling from 10:08 AM on 19-10-2012 and repeated again and again in the last 3 sessions Outlooks.

Short Term Trend is sideways after 21 Sessions most time trading between 5639-5733 with higher levels good selling between 5692-5733 therefore firstly down moves are expected in the coming session but good supports near 5639 also. Although testing of 5639 can not be ruled out but forceful break down or sustaining below 5639 is must for deeper correction.

As good selling between 5692-5721 in last 3 sessions therefore Nifty closed below 5692 today and more down are also expected towards 5639 in the coming sessions. Sustaining below 5639 will mean breaking down of 21 Sessions trading range. Strong supports near 5639 and let Nifty sustain below 5639 then its repercussions will be updated which has already been indicated also in following topic on 21-10-2012:-

Big Moves are Ripe after 19 Sideways Sessions

FII Trading Data in Derivatives Segment on 23-Oct-2012

FII & DII trading activity in Capital Market Segment on 23-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 23-Oct-2012 2211.1 1958.7 252.4

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Oct-2012 658.04 956.93 -298.89

Indian Stock Markets Closing Reports(23-Oct-2012)

Main features of today trading are as follows

1- All the Indices closed in Red except CNX INFRA.
2- Slipping and closing near lower levels of the day.
3- Black Candle formation.

Ratios

Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(23-Oct-2012): 17.89

Advances & Declines

BSE Advances : 1,262
BSE Declines : 1,555
NSE Advances :   711
NSE Declines : 1,014

Nifty Open Interest Changed Today

Nifty- 5500 CE(Oct)- -11,200(-1.61%)
Nifty- 5500 PE(Oct)- -82,150(-1.42%)

Nifty- 5600 CE(Oct)- -47,750(-0.90%)
Nifty- 5600 PE(Oct)- -808,450(-9.67%)

Nifty- 5700 CE(Oct)- -560,600(-4.78%)
Nifty- 5700 PE(Oct)- -873,600(-13.98%)

Nifty- 5800 CE(Oct)- -560,600(-4.78%)
Nifty- 5800 PE(Oct)- -527,550(-35.35%)

Closing 

Sensex- closed at 18,710.02(-83.42 Points & -0.44%)
Nifty- closed at 5,691.40(-25.75 Points & -0.45%)
CNX Midcap - closed at 7,873.90(-35.35 Points & -0.45%)
CNX Smallcap- closed at 3,490.50(-16.60 Points & -0.47%)

Nifty Spot-Levels & Trading Strategy for 25-10-2012

Nifty Spot-Levels

R3 5752
R2 5736
R1 5713
Avg 5697
S1 5674
S2 5658
S3 5635

Nifty Spot-Trading Strategy

H6 5730     Trgt 2
H5 5721     Trgt 1
H4 5712     Long breakout
H3 5701     Go Short
H2 5698
H1 5694
L1 5687
L2 5683
L3 5680     Long
L4 5669     Short Breakout
L5 5660     Trgt 1
L6 5651     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 25-10-2012

Nifty(Oct Fut)-Levels

R3 5754
R2 5737
R1 5716
Avg 5699
S1 5678
S2 5661
S3 5640

Nifty(Oct Fut)-Trading Strategy

H6 5733     Trgt 2
H5 5724     Trgt 1
H4 5715     Long breakout
H3 5705     Go Short
H2 5701
H1 5698
L1 5691
L2 5688
L3 5684     Long
L4 5674     Short Breakout
L5 5665     Trgt 1
L6 5656     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 25-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11783
R2 11726
R1 11655
Avg 11598
S1 11527
S2 11470
S3 11399

Bank Nifty(Oct Fut)-Trading Strategy

H6 11712     Trgt 2
H5 11683     Trgt 1
H4 11654     Long breakout
H3 11619     Go Short
H2 11607
H1 11595
L1 11572
L2 11560
L3 11548     Long
L4 11513     Short Breakout
L5 11484     Trgt 1
L6 11455     Trgt 2

Mid-session Outlook-2(23-10-2012)

Nifty is trading below 5692 today but it was predicted yesterday at 03:15PM in Pre-Closing Outlook and following lines were told:-

"Although Nifty is trading near the highs of the day at this moment but selling within last 2 sessions 6 hours trading range(5692-5721) therefore possibility of slipping below 5692 and correction continuation is still alive"

Nifty slipped below 5692 and traded almost one hour also below it but sustaining below 5692 is must for confirmation of more down moves toward next supports near 5639.

Mid-session Outlook-2(23-10-2012)

As intraday selling patterns between 5692-5721 in last 2 sessions therefore correction continuation and Indian markets slipping possibility has been told in previous 4 Outlooks of today and yesterday. Nifty slipped below 5692 today and until Nifty will not sustaining above 5721 till then any up move will not be considered because selling confirmations just below it.

As slipping below 5692 is without force therefore sustaining below 5692 has to be firstly watched.

Mid-session Outlook(23-10-2012)

As more than 6 hours trading within 5692-5721 in last 2 sessions with intraday selling formations therefore Nifty traded most time negative within this range today. Long Term and Intermediate term trends are up and follow up selling is must within this range today for deeper correction. 

Last 2 hours again trading today within above mentioned range. As selling in last 2 days therefore Indian markets slipped today from intraday higher levels and correction continuation  possibility is alive through slipping below 5692. Follow up moves and forceful break out of above mentioned range should be firstly watched today because that will give strong indication of next trend.

Post-open Outlook(23-10-2012)

More than 6 hours trading within 5692-5721 in last 2 sessions and today also trading within it. Follow up moves and forceful break out of this range will give strong indication of next trend.

Technical Analysis and Market Outlook(23-10-2012)

Nifty-Intra Day Chart (Oct 19 to Oct 22,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- More than 6 hours trading within 5692-5721 in last 2 sessions
2- Selling within 5692-5721 last Friday and today again intraday selling formations within this range.

Conclusions from 2 Sessions intra day chart analysis 

Nifty traded more than 6 hours within 5692-5721 in last 2 sessions and also closed neat the top within this range today but 2 hours selling seen within this range last Friday and today also selling formations within this range. Although Nifty closed near the highs of the day today but selling formations in last more than 4 hours intraday charts.

As 6 hours selling formations in last 2 sessions intraday charts therefore correction continuation  possibility through slipping below 5692 is alive. 20 Sessions most time trading between 5639-5733 and Short Term Trend is sideways after 600 points strong rally in 21 sessions from 05-09-2012 to 05-10-2012 therefore finally sustaining beyond 5639-5733 will give confirmation to deeper correction below 5639 or strong rally above 5733. 

Sustaining beyond above mentioned 6 hours range(5692-5721) will be first indication and finally sustaining beyond previous 20 Sessions most time trading range(5639-5733) will be confirmation 

FII Trading Data in Derivatives Segment on 22-Oct-2012

FII & DII trading activity in Capital Market Segment on 22-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 22-Oct-2012 1882.71 1641.03 241.68

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Oct-2012 741.38 879.27 -137.89

Indian Stock Markets Closing Reports(22-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Smallcap closing in Red.
3- Long White Candle formation.

Ratios

Nifty Put Call Ratio: 1.18
Nifty P/E Ratio(22-Oct-2012): 17.97

Advances & Declines

BSE Advances : 1,367
BSE Declines : 1,488
NSE Advances :   840
NSE Declines :   915

Nifty Open Interest Changed Today

Nifty- 5500 CE(Oct)- -71,000(-9.25%)
Nifty- 5500 PE(Oct)- -882,750(-13.22%)

Nifty- 5600 CE(Oct)- -117,900(-6.89%)
Nifty- 5600 PE(Oct)- 1,554,900(22.86%)

Nifty- 5700 CE(Oct)- -904,400(-14.60%)
Nifty- 5700 PE(Oct)- 773,850(14.13%)

Nifty- 5800 CE(Oct)- 979,650(9.12%)
Nifty- 5800 PE(Oct)- 335,550(29.00%)

Closing 

Sensex- closed at 18,793.44(111.13 Points & 0.59%)
Nifty- closed at 5,717.15(32.90 Points & 0.58%)
CNX Midcap - closed at 7,909.25(5.40 Points & 0.07%)
CNX Smallcap- closed at 3,507.10(-21.45 Points & -0.61%)

Nifty Spot-Levels & Trading Strategy for 23-10-2012

Nifty Spot-Levels

R3 5802
R2 5761
R1 5739
Avg 5698
S1 5676
S2 5635
S3 5613

Nifty Spot-Trading Strategy

H6 5780     Trgt 2
H5 5766     Trgt 1
H4 5751     Long breakout
H3 5734     Go Short
H2 5728
H1 5722
L1 5711
L2 5705
L3 5699     Long
L4 5682     Short Breakout
L5 5667     Trgt 1
L6 5653     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 23-10-2012

Nifty(Oct Fut)-Levels

R3 5811
R2 5770
R1 5747
Avg 5706
S1 5683
S2 5642
S3 5619

Nifty(Oct Fut)-Trading Strategy

H6 5788     Trgt 2
H5 5773     Trgt 1
H4 5759     Long breakout
H3 5741     Go Short
H2 5735
H1 5729
L1 5718
L2 5712
L3 5706     Long
L4 5688     Short Breakout
L5 5674     Trgt 1
L6 5659     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 23-10-2012

Bank Nifty(Oct Fut)-Levels

R3 11876
R2 11755
R1 11687
Avg 11566
S1 11498
S2 11377
S3 11309

Bank Nifty(Oct Fut)-Trading Strategy

H6 11811     Trgt 2
H5 11767     Trgt 1
H4 11723     Long breakout
H3 11671     Go Short
H2 11654
H1 11637
L1 11602
L2 11585
L3 11568     Long
L4 11516     Short Breakout
L5 11472     Trgt 1
L6 11428     Trgt 2