Nifty(Nov Fut)-Levels & Trading Strategy for 29-10-2012

Nifty(Nov Fut)-Levels

R3 5780
R2 5753
R1 5726
Avg 5699
S1 5672
S2 5645
S3 5618

Nifty(Nov Fut)-Trading Strategy

H6 5753     Trgt 2
H5 5740     Trgt 1
H4 5728     Long breakout
H3 5713     Go Short
H2 5708
H1 5703
L1 5694
L2 5689
L3 5684    Long
L4 5669     Short Breakout
L5 5657     Trgt 1
L6 5644     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 29-10-2012

Bank Nifty(Nov Fut)-Levels

R3 11833
R2 11765
R1 11675
Avg 11607
S1 11517
S2 11449
S3 11359

Bank Nifty(Nov Fut)-Trading Strategy

H6  11743    Trgt 2
H5  11707    Trgt 1
H4  11671    Long breakout
H3  11628    Go Short
H2  11613
H1  11599
L1  11570
L2  11556
L3  11541    Long
L4  11498    Short Breakout
L5  11462    Trgt 1
L6  11426    Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Oct 29 to Nov 02,2012)

Nifty Spot-Weekly Levels

R3 5790
R2 5756
R1 5710
Avg 5676
S1 5630
S2 5596
S3 5550

Nifty Spot-Weekly Trading Strategy 

H6  5744    Trgt 2
H5  5726    Trgt 1
H4  5708    Long breakout
H3  5686    Go Short
H2  5678
H1  5671
L1  5656
L2  5649
L3  5642    Long
L4  5620    Short Breakout
L5  5601    Trgt 1
L6  5583    Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 29 to Nov 02,2012)

Bank Nifty Spot-Weekly Levels

R3 11875

R2 11766

R1 11637

Avg 11528

S1 11399

S2 11290

S3 11161

Bank Nifty Spot-Weekly Trading Strategy 

H6 11748     Trgt 2 

H5 11694     Trgt 1

H4 11639     Long breakout 

H3 11574     Go Short 

H2 11552

H1 11530

L1 11487

L2 11465

L3 11443     Long 

L4 11378     Short Breakout 

L5 11323     Trgt 1 

L6 11269     Trgt 2

Pre-Closing Outlook(2610-2012)

Short Term Trend is sideways after 23 Sessions most time trading between 5639-5733 with higher levels good selling between 5692-5733 and lower levels good supports near 5639. As sentiment was subdued today morning due US Futures weak trading and Dow's Futures trading more than 100 points down therefore Indian markets also slipped but traded whole day within above mentioned  23 Sessions trading range as well as got support also at 5641.

Although Indian markets traded whole day in negative zone but intraday patterns are not showing selling pattern and today down moves are due to weaker global cues also.

Indian markets are still range bound between 5639-5733 with lower levels supports and higher levels selling,just get next trend confirmation through sustaining it beyond. 

Mid-session Outlook-4(2610-2012)

All the Asian markets closed from 1.21% to 1.76% down and Dow's Futures is more than 100 points down therefore market sentiment is extremely weak today and forceful break down of 5664 seen as well as testing of next strong support(5639) is expected now.

Mid-session Outlook-3(2610-2012)

More than 3 hours trading between 5664-5680 with intraday supports and consolidation patterns but Dow's Futures is more than 100 points down at this moment and sentiment may dampen also therefore next moves confirmations will be after forceful break out of 5664-5680. 

Mid-session Outlook-2(2610-2012)

Last 2 hours trading between 5664-5680 with intraday supports and consolidation patterns.

Mid-session Outlook(2610-2012)

As Dow Futures is more than 90 points down today therefore sentiment is weak and all the Asian markets are .75% to 1.50% down. Indian markets also responded global weakness with negative zone trading since opening today.

As Nifty traded more than 16 hours between 5687-5732 with higher levels selling in last 4 sessions therefore sustaining below 5687 and more down moves can not be ruled out.

Strong supports near 5639 and it is next hope for Bulls,sustaining it beyond has to watched for Intermediate term trend confirmation.

Blog will be updated after 11:00 AM today.

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.