Nifty Spot-Weekly Levels & Trading Strategy(Nov 05 to Nov 09,2012)

Nifty Spot-Weekly Levels

R3 5872
R2 5791
R1 5744
Avg 5663
S1 5616
S2 5535
S3 5488

Nifty Spot-Weekly Trading Strategy 

H6 5827     Trgt 2
H5 5797     Trgt 1
H4 5767     Long breakout
H3 5732     Go Short
H2 5720
H1 5708
L1 5685
L2 5673
L3 5661     Long
L4 5626     Short Breakout
L5 5596     Trgt 1
L6 5566     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov 05 to Nov 09,2012)

Bank Nifty Spot-Weekly Levels

R3 12140

R2 11870

R1 11665

Avg 11395

S1 11190

S2 10920

S3 10715

Bank Nifty Spot-Weekly Trading Strategy 

H6 11949     Trgt 2 

H5 11835     Trgt 1

H4 11721     Long breakout 

H3 11590     Go Short 

H2 11547

H1 11503

L1 11416

L2 11372

L3 11329     Long 

L4 11198     Short Breakout 

L5 11084     Trgt 1 

L6 10970     Trgt 2

Pre-Closing Outlook(02-11-2012)

Whole day quiet market between 5683-5711 after gap up opening and today 25th sessions of sideways trading between 5639-5733. As Asian markets were strong therefore gap up opening and slipped also from intraday higher levels after weakness in European markets.

Intraday patterns of today are showing mixed patterns therefore firstly watch market reaction within and near about next resistance range(5700-5733) and its break out for first indication of next trend.

Mid-session Outlook(02-11-2012)

Market shown good strength today and first 3 hours trading between 5683-5695 after gap up opening as well as above mentioned range break out with force. Nifty is now trading between next strong resistance range(5700-5733). 

Today intraday charts are showing consolidations and sustaining above 5733 will be next up moves confirmation.

Post-open Outlook(02-11-2012)

US markets witnessed good up moves yesterday after recovering from 'Sandy hurricane' and equally Asian markets responded with strong rally today morning. Indian markets also welcomed global rally with good gap up opening and now trading at almost those levels from where crashed after RBI Credit Policy on 30-10-2012.

Confirmation of reentering into previous 24 sessions sideways trading range(5639-5733) and Nifty is trading just below next strong resistance range(5700-5733). Let follow up technical positions develop then next moves within and beyond sideways trading range will be understood as well as updated.

Technical Analysis and Research For 02-11-2012

Nifty-EOD Chart (01-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 24 Sessions sideways trading between 5633.90-5815.35 from 24-09-2012 to 29-10-2012.
2- 24 sessions most time trading between 5639-5733.
3- 24 sessions range forcefully broken down after RBI Credit policy announcement and closing below 5633.90 on 30-10-2012.
4- Nifty again moved and closed above 5633.90 on 01-11-2012.

Conclusions from EOD chart analysis 

As break down confirmations was required therefore Following lines were told same day on 30-10-2012:-

1- firstly break down validity confirmation is required through following 2 filters:-

1- 3 Days sustaining below Neckline and/or
2- Slipping 3% below Neckline.

2- Firstly understand the validity of correction and get confirmation through above mentioned 2 filters

As Nifty closed above 5633.90 today therefore break down of 30-10-2012 has not yet proved valid and final sustaining it beyond will mean following moves:-

1- Sustaining above 5633.90 will mean reentering into 24 Sessions trading range after false break down.
2- Sustaining below 5633.90 will mean deeper correction after final breaking down of 24 sessions sideways trading range. 

Sustaining beyond 5633.90 should be firstly watched for the confirmation of depth of correction

Indian Stock Markets Closing Reports(01-Nov-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- Most Indices closed in Green except ENERGY,FMCG,MEDIA,MNC.
3- White Candle formation.

Ratios

Nifty P/E Ratio(01-Nov-2012): 17.70

Advances & Declines

BSE Advances : 1,666
BSE Declines : 1,179
NSE Advances : 1,075
NSE Declines :   622

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- 400(0.02%)
Nifty- 5400 PE(Nov)- 55,150(1.17%)

Nifty- 5500 CE(Nov)- -10,400(-1.14%)
Nifty- 5500 PE(Nov)-  219,950(4.65%)

Nifty- 5600 CE(Nov)- -6,850(-0.25%)
Nifty- 5600 PE(Nov)-  472,600(9.04%)

Nifty- 5700 CE(Nov)- 21,550(0.41%)
Nifty- 5700 PE(Nov)- 254,900(7.45%)

Closing 

Sensex- closed at 18561.70(56.32 Points & 0.30%)
Nifty- closed at 5,645.05(25.35 Points & 0.45%)
CNX Midcap - closed at 7,832.35(69.30 Points & 0.89%)
CNX Smallcap- closed at 3,430.30(20.05 Points & 0.59%)

FII Trading Data in Derivatives Segment on 01-Nov-2012

FII & DII trading activity in Capital Market Segment on 01-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In RCrores) Category Date Buy Value Sell Value Net Value FII 01-Nov-2012 2135.68 1801.07 334.61

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 01-Nov-2012 846.49 1000.37 -153.88

Nifty Spot-Levels & Trading Strategy for 02-11-2012

Nifty Spot-Levels

R3 5710
R2 5679
R1 5662
PIVOT 5631
S1 5614
S2 5583
S3 5566

Nifty Spot-Trading Strategy

H6 5693     Trgt 2
H5 5682     Trgt 1
H4 5671     Long breakout
H3 5658     Go Short
H2 5653
H1 5649
L1 5640
L2 5636
L3 5631     Long
L4 5618     Short Breakout
L5 5607     Trgt 1
L6 5596     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 02-11-2012

Nifty(Nov Fut)-Levels

R3 5753
R2 5718
R1 5697
PIVOT 5662
S1 5641
S2 5606
S3 5585

Nifty(Nov Fut)-Trading Strategy

H6 5732     Trgt 2
H5 5719     Trgt 1
H4 5706     Long breakout
H3 5691     Go Short
H2 5686
H1 5681
L1 5670
L2 5665
L3 5660     Long
L4 5645     Short Breakout
L5 5632     Trgt 1
L6 5619     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 02-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11546

R2 11482

R1 11433

PIVOT 11369

S1 11320

S2 11256

S3 11207

Bank Nifty(Nov Fut)-Trading Strategy

H6 11497     Trgt 2 

H5 11471     Trgt 1

H4 11446     Long breakout 

H3 11415     Go Short 

H2 11404

H1 11394

L1 11373

L2 11363

L3 11352     Long 

L4 11321     Short Breakout 

L5 11296     Trgt 1 

L6 11270     Trgt 2

Pre-Closing Outlook(01-11-2012)

Breaking down of 24 sessions trading range after RBI Credit Policy led forceful down moves below 5639 on 30-10-2012 and then 10 Hours trading with selling patterns between 5583-5624 in last 2 sessions. For break down confirmations Following lines were told on 30-10-2012

firstly break down validity confirmation is required through following 2 filters:-

1- 3 Days sustaining below Neckline and/or
2- Slipping 3% below Neckline.

Firstly intraday consolidations today and after that trading above Neckline(5634) but sustaining above 5634/5639 is must because that will be confirmation of false break down on 30-10-2012.

Mid-session Outlook-2(01-11-2012)

Last more than 2 hours trading above 5625 with consolidation patterns and after that trading above 5639 today. Let Nifty sustains above 5639 then that will be confirmation of false break down on 30-10-20

Mid-session Outlook(01-11-2012)

10 Hours trading between 5583-5624 in last 2 sessions and today also first 2 hours trading within this range between 5601-5621.

More than 12 hours continuous trading between 5583-5624 in 3 sessions and sustaining beyond this range will give following conclusions:-

1- Sustaining below 5583 will validate 24 sessions breaking down below 5639 on 30-10-2012 and then far deeper correction will be seen.
2- Firstly sustaining above 5624 and after that sustaining above 5639 will mean false  breaking down below 5639 on 30-10-2012 and reentering into previous 24 sessions range(5639-5733)  

As sufficient selling formations between 5583-5624 in last 2 sessions therefore high possibility of sustaining below 5583 but above mentioned moves technical confirmation is must through sustaining beyond 5583-5624.

Correction continuation

Nifty-Intra Day Chart (30-Oct-2012):-

Just click on chart for its enlarged view

Nifty-Intra Day Chart (31-Oct-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in above 2 intraday charts

1- Last more than 4 hours trading between 5590-5615 with higher levels intraday selling patterns on 30-10-2012.
2- Whole day trading between 5583-5624 on 31-10-2012. 
3- Last 2 hours trading with Bearish Rising Wedge formation on 31-10-2012.
4- Whole day intraday selling patterns formation on 31-10-2012 despite closing near day's high. 
4- More than 10 hours trading between 5583-5624 in last 2 sessions with intraday selling patterns formations.

Conclusions from intra day charts analysis 

Although Indian markets closed near the highs of the day with Green closing today but sufficient selling formations between 5583-5624 in last 2 sessions therefore high possibility of sustaining below the lowest(5583) of above mentioned 10 hours trading range. 

Expected that finally NIfty will sustain below 5583 and on going correction will remain continued in the coming sessions.

FII Trading Data in Derivatives Segment on 31-Oct-2012

FII & DII trading activity in Capital Market Segment on 31-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 31-Oct-2012 2194.02 1945.54 248.48

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 31-Oct-2012 1038.05 1135.9 -97.85

Indian Stock Markets Closing Reports(31-Oct-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.

2- Closing near higher levels of the day after slow up moves.

3- White Candle formation.

Ratios

Nifty P/E Ratio(31-Oct-2012): 17.61

Advances & Declines

BSE Advances : 1,473

BSE Declines : 1,328  

NSE Advances :   791

NSE Declines :   635

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- 33,000(1.97%)

Nifty- 5400 PE(Nov)- 452,150(10.39%)

Nifty- 5500 CE(Nov)- 94,700(11.13%)

Nifty- 5500 PE(Nov)- 393,600(8.91%)

Nifty- 5600 CE(Nov)- 498,300(21.15%)

Nifty- 5600 PE(Nov)- 539,650(11.01%)

Nifty- 5700 CE(Nov)- 809,200(16.91%)

Nifty- 5700 PE(Nov)- 100,250(2.76%)

Closing 

Sensex- closed at 18505.38(74.53 Points & 0.40%)

Nifty- closed at 5,619.70(21.80 Points & 0.39%)

CNX Midcap - closed at 7,763.05(80.70 Points & 1.05%)

CNX Smallcap- closed at 3,410.25(27.70 Points & 0.82%)

Nifty(Nov Fut)-Levels & Trading Strategy for 01-112012

Nifty(Nov Fut)-Levels

R3 5698

R2 5674

R1 5660

Avg 5636

S1 5622

S2 5598

S3 5584

Nifty(Nov Fut)-Trading Strategy

H6 5684     Trgt 2 

H5 5675     Trgt 1

H4 5666     Long breakout 

H3 5656     Go Short 

H2 5652

H1 5649

L1 5642

L2 5639

L3 5635     Long 

L4 5625     Short Breakout 

L5 5616     Trgt 1 

L6 5607    Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 01-112012

Bank Nifty(Nov Fut)-Levels

R3 11564

R2 11464

R1 11401

Avg 11301

S1 11238

S2 11138

S3 11075

Bank Nifty(Nov Fut)-Trading Strategy

H6 11502     Trgt 2 

H5 11465     Trgt 1

H4 11427     Long breakout 

H3 11382     Go Short 

H2 11367

H1 11352

L1 11323

L2 11308

L3 11293     Long 

L4 11248     Short Breakout 

L5 11210     Trgt 1 

L6 11173     Trgt 2