Indian Stock Markets Closing Reports(05-Nov-2012)

Main features of today trading are as follows

1- Benchmark Indices closed positive with nominal gains.

2- Narrow range quiet market and most Indices closed with nominal gains or loss.

3- Hanging Man / Dragonfly Doji Bearish Candle formation.

Ratios

Nifty Put Call Ratio: 0.98

Nifty P/E Ratio(05-Nov-2012): 17.86

Advances & Declines

BSE Advances : 1,340

BSE Declines : 1,514 

NSE Advances :   779

NSE Declines :   933

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -8,350(-0.50%)

Nifty- 5400 PE(Nov)-  257,750(5.13%)

Nifty- 5500 CE(Nov)- -1,000(-0.11%)

Nifty- 5500 PE(Nov)-  367,200(7.94%)

Nifty- 5600 CE(Nov)- -57,150(-2.34%)

Nifty- 5600 PE(Nov)-  279,000(4.30 %)

Nifty- 5700 CE(Nov)- -52,250(-1.19%)

Nifty- 5700 PE(Nov)-  490,900(10.97%)

Nifty- 5800 CE(Nov)- -78,900(-1.48%)

Nifty- 5800 PE(Nov)-  322,450(19.65%)

Closing 

Sensex- closed at 18,762.87(7.42 Points & -0.04%)

Nifty- closed at 5,704.20(6.50 Points & 0.11%)

CNX Midcap - closed at 7,839.85(-36.25 Points & -0.46%)

CNX Smallcap- closed at 3,437.75(-5.80 Points & -0.17%)

Nifty Spot-Levels & Trading Strategy for 06-11-2012

Nifty Spot-Levels

R3 5745
R2 5727
R1 5715
Avg 5697
S1 5685
S2 5667
S3 5655

Nifty Spot-Trading Strategy

H6 5734     Trgt 2
H5 5727     Trgt 1
H4 5720     Long breakout
H3 5712     Go Short
H2 5709
H1 5706
L1 5701
L2 5698
L3 5695     Long
L4 5687     Short Breakout
L5 5680     Trgt 1
L6 5673     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 06-11-2012

Nifty(Nov Fut)-Levels

R3 5811

R2 5785

R1 5762

Avg 5736

S1 5713

S2 5687

S3 5664

Nifty(Nov Fut)-Trading Strategy

H6 5788     Trgt 2 

H5 5777     Trgt 1

H4 5765     Long breakout 

H3 5752     Go Short 

H2 5747

H1 5743

L1 5734

L2 5730

L3 5725     Long 

L4 5712     Short Breakout 

L5 5700     Trgt 1 

L6 5689     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 06-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11661

R2 11607

R1 11572

Avg 11518

S1 11483

S2 11429

Bank Nifty(Nov Fut)-Trading Strategy

H6 11626     Trgt 2 

H5 11606     Trgt 1

H4 11585     Long breakout 

H3 11561     Go Short 

H2 11553

H1 11545

L1 11528

L2 11520

L3 11512     Long 

L4 11488     Short Breakout 

L5 11467     Trgt 1 

L6 11447     Trgt 2

Pre-Closing Outlook(05-11-2012)

Nifty traded whole day between 5683-5710 after 33 points gap up last Friday and again almost same range trading between 5680-5709 today but with confirm selling between 5700-5708 and lower levels intraday supports formations.

Follow up moves tomorrow will decide next trend and 2 sessions range(5680-5710) will give next following moves:-

1- As good selling and multiple resistances above 5700 therefore market require complete consolidations for step by step sustaining above 5700/5710/5733/5756/5815.
2- Breaking down below 5680 will mean firstly sharp down moves with  retesting possibility of previous week lows.

Mid-session Outlook(05-11-2012)

Almost first 3 hours trading with intraday selling patterns between 5700-5708 which is within previous strong resistance range(5700-5733) also this resistance more strengthened today because again today selling within it. 

As selling seen within previous resistance range therefore until Nifty will not sustain above 5733 till then any up moves will not considered and sustaining below 5683(last Friday lowest) will mean firstly slipping towards lower levels of previous 28 sessions trading range(5583-4815)

More than 10% Moves in Indian markets

Technical Analysis,Research & Weekly Outlook

(Nov 05 to Nov 09,2012)

Nifty-EOD Chart (02-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Long term correction completion and Wave-1 beginning)
2- 5629.95 on 22-02-2012(Wave-1 completion and Wave-2 beginning)
3- 4770.35 on 04-06-2012(Wave-2 completion and Wave-3 beginning)
4- 5348.55 on 10-07-2012(Sub Wave-1 of  Wave-3)
5- 5032.40 on 26-07-2012(Sub Wave-2 of  Wave-3)
6- 5448.40 on 23-08-2012(Sub Wave-3 of  Wave-3)
7- 5215.70 on 05-09-2012(Sub Wave-4 of  Wave-3)
8- Sub Wave-5 of Wave-3 completion at 5815.35 on 05-10-2012
10- 19 Sessions sideways correction between 5583-5815.
11- 28 Sessions sideways trading between 5583-5815.
11- 28 Sessions most time trading between 5639-5733.
12- Previous 4 weeks correction.

Conclusions from EOD chart analysis 

Long Term Trend is up and intermediate term trend is sideways for the last 28 sessions between  5583-5815 and finally sustaining beyond this range will blast Indian markets towards break out direction. As higher levels strong resistances are between 5700-5733/5756/5815 and supports have shifted toward lower range between 5583-5615 therefore now next moves confirmation range is sustaining beyond 5583-5815.

Financial markets are tend to react on news and break out from a range can be seen also after any big news and same happened in last week when Nifty forcefully moved below the lowest of sideways trading range(5639) after RBI Credit Policy announcement as well as again jumped into range(5639-5733) after strong Global markets last Friday. As breaking out/down technical confirmation is must therefore following 2 filters have to be watched first:-

1- 3 Days sustaining beyond the previous trading range.
2- Minimum 3% up/down moves from the high/low of the previous trading range.

As Indian markets reentered between previous most time trading range(5639-5733) last Friday without fulfilling the conditions of above mentioned 2 filters therefore breaking down of 30-10-2012 was false and not valid. Markets take its own time in finding its direction therefore turns sideways and prepare for next moves. Now sideways trading range of Nifty is 5583-5733/5756/5815 and supports/resistances within this range are as follows:-

1- Supports are between 5583-5615.
2- Strong resistances are between 5700-5733.
3- Next resistances are between 5736-5756.
4- Next resistances are between 5778-5815.

As multiple resiistances are between 5700-5815 therefore complete consolidation is required for sustaining above 5815 but strong resistances are between 5700-5733 and once sustaining above 5733 will mean first indication of rally. Supports are lower levels are not as much strong and once confirmation of sustaining below 5583 will mean deeper correction also.

Let market complete its preparation process between 5583-5815 and till then trading targets should remain within this range only but more than 10% fast moves will be seen after the break out/down of this range because:-

1- Sideways market is 28 sessions old now and sustaining above 5815 may also mean that Corrective Wave-4 completion within sideways moves and eruption of impulsive Wave-5 strong rally.
2- Sideways market is 28 sessions old now and sustaining below 5583 may also mean that emergence of Wave-4 deeper correction after complete distribution within sideways moves as well as possibility to correct 1045 up moves of Wave-3.  

FII & DII trading activity in Capital Market Segment on 02-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 02-Nov-2012 2381.92 1999.73 382.19

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 02-Nov-2012 877.97 1176.53 -298.56

Indian Stock Markets Closing Reports(02-Nov-2012)

Main features of today trading are as follows

1- All the Indices closed in Green.

2- Quiet sideways trading after gap up opening.

3- Doji Candle formation.

Ratios

Nifty Put Call Ratio: 1.00

Nifty P/E Ratio(02-Nov-2012): 17.86

Advances & Declines

BSE Advances : 1,538 

BSE Declines : 1,329  

NSE Advances :   992 

NSE Declines :   706

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -19,550(-1.16%) 

Nifty- 5400 PE(Nov)-  259,750(5.45%)

Nifty- 5500 CE(Nov)- -27,900(-3.09%)

Nifty- 5500 PE(Nov)- -325,650(-6.58%)

Nifty- 5600 CE(Nov)- -278,550(-10.25%)

Nifty- 5600 PE(Nov)-  792,650(13.91%)

Nifty- 5700 CE(Nov)- -884,100(-16.71%)

Nifty- 5700 PE(Nov)-  797,550(21.69%)

Nifty- 5800 CE(Nov)-  178,800(3.46%)

Nifty- 5800 PE(Nov)-   18,000(1.11%)

Closing 

Sensex- closed at 18755.45(193.75 Points & 1.04%)

Nifty- closed at 5,697.70(52.65 Points & 0.93%)

CNX Midcap - closed at 7,876.10(43.75 Points & 0.56%)

CNX Smallcap- closed at 3,443.55(13.25 Points & 0.39%)

Nifty Spot-Levels & Trading Strategy for 05-11-2012

Nifty Spot-Levels

R3 5740

R2 5725

R1 5711

Avg 5696

S1 5682

S2 5667

S3 5653

Nifty Spot-Trading Strategy

H6  5726    Trgt 2 

H5  5719    Trgt 1

H4  5712    Long breakout 

H3  5704    Go Short 

H2  5702

H1  5699

L1  5694

L2  5691

L3  5689    Long 

L4  5681    Short Breakout 

L5  5674    Trgt 1 

L6  5667    Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 05-11-2012

Nifty(Nov Fut)-Levels

R3 5804
R2 5775
R1 5757
Avg 5728
S1 5710
S2 5681
S3 5663

Nifty(Nov Fut)-Trading Strategy

H6 5786     Trgt 2
H5 5775     Trgt 1
H4 5764     Long breakout
H3 5751     Go Short
H2 5747
H1 5743
L1 5734
L2 5730
L3 5726     Long
L4 5713     Short Breakout
L5 5702     Trgt 1
L6 5691     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 05-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11682
R2 11620
R1 11578
Avg 11516
S1 11474
S2 11412
S3 11370

Bank Nifty(Nov Fut)-Trading Strategy

H6 11640     Trgt 2
H5 11616     Trgt 1
H4 11593     Long breakout
H3 11564     Go Short
H2 11555
H1 11545
L1 11526
L2 11516
L3 11507     Long
L4 11478     Short Breakout
L5 11455     Trgt 1
L6 11431     Trgt 2

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