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Bank Nifty Spot-Weekly Levels & Trading Strategy(Nov26 to Nov 30,2012)

Bank Nifty Spot-Weekly Levels

R3 11927
R2 11749
R1 11612
PIVOT 11434
S1 11297
S2 11119
S3 10982

Bank Nifty Spot-Weekly Trading Strategy

H6 11796 Trgt 2
H5 11722 Trgt 1
H4 11648 Long breakout
H3 11561 Go Short
H2 11532
H1 11503
L1 11446
L2 11417
L3 11388 Long
L4 11301 Short Breakout
L5 11227 Trgt 1
L6 11153 Trgt 2

Pre-Closing Outlook(23-11-2012)

As negative news of Parliament adjournment after uproar on FDI therefore slipping below resistance range(5620-5650) and getting support also within immediate next support range(5581-5602). Today down moves are negative news based and without selling patterns therefore breaking down of next support(5581) is must for next down trend confirmation.

1st hour trading between 5621-5633 with intraday consolidation patterns today and this trading range is within next resistance range(5620-5650) therefore next up moves strong indication will be above 5650.

Tight range bound market with immediate supports(5581-5602) and resistances(5620-5650) therefore until 5581-5650 will not decisively break till then next Short Term Trend will not be considered.

Mid-session Outlook-3(23-11-2012)

As both houses of Parliament adjourned after uproar and sentiment weakened therefore down moves seen immediately after adjournment announcement. Nifty got support above 5609 yesterday therefore it was next support and Nifty is trading just below it for the last 1 hour.

Technical positions reverses according to news flow therefore more down moves and testing of supports below 5600 can not be ruled.

Mid-session Outlook-2(23-11-2012)

Lok Sabha adjourned till Monday after uproar and sentiment dampened therefore Indian markets also slipped from intraday higher levels. Consolidation was seen between 5609-5619 yesterday and breaking it down will mean failure to cross resistance and will be fresh down moves confirmation

Mid-session Outlook(23-11-2012)

Nifty traded 1st hour between 5621-5633 with intraday consolidation patterns today and it is first signal of next up moves also. As next short term up moves confirmation will be after break out of present trading resistance range(5620-5650) therefore its break out has to be firstly watched.

Post-open Outlook(23-11-2012)

Consolidation patterns formations in first hour today.

Pre-open Outlook(23-11-2012)

All the Asian markets are positive with marginal gains therefore sentiment is quiet today morning. As lower levels supports and higher levels mixed patterns were seen within next resistance range(5620-5650) yesterday therefore Indian markets are not prepared for any side decisive moves and will firstly trade within this range after flat to positive opening today.

Tight range bound market with immediate supports and resistances therefore next moves can be decided after watching of day to day intraday moves and valid break out of any crucial range.Let follow up buying/selling develop and break out of mentioned resistance range happen then strength of Indian markets will be clear because that will be strengthening or weakening of resistances also.

Detailed analysis has already been updated in following topic yesterday:-

Technical Analysis and Market Outlook(23-11-2012)

Technical Analysis and Market Outlook(23-11-2012)

Nifty-Intra Day Chart (22-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly down moves in falling Channel.
2- Consolidation between 5609-5619
3- Mixed Patterns between 632-5642
4- Whole day actual trading between 5609-5642

Conclusions from intra day chart analysis

Nifty traded most time between next resistance range(5620-5650) with intraday consolidation patterns as well as got support also below it today but last more than 1 hour intraday mixed patterns at higher levels therefore follow up consolidation is required for crossing of resistance range(above 5650).

Nifty traded more than 5 hours above 5583 yesterday and today also whole day trading above it therefore sideways market has been extended into 40 sessions within 5549-5815. Supports and resistances between 40 sessions range are as follows:-

1- Supports between 5549-5566.
2- Supports between 5581-5602.
3- Resistances between 5620-5650.
4- Resistances between 5672-5705.
5- Multiple Resistances between 5700-5720/5733/5777/5815

Sufficient and almost equally strong supports and resistances between 40 sessions range(5549-5815). Coming sessions will witness trading within this range and it is confirm that huge more than 10% moves will be seen after sustaining beyond this range. Let Nifty sustain beyond 5549-5815 then next trending moves should be considered and until Nifty is trading within this range till then targets should remain within this range and above mentioned next supports/resistances should also be kept in mind.

Today lower levels confirm consolidation but market is not mature for any side break out. Follow up buying and crossing of next resistances is also required for any decisive up move.

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

FII & DII trading activity in Capital Market Segment on 22-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	22-Nov-2012	1577.55	1462.79	114.76

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	22-Nov-2012	674.13	838.13	-164

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

Main features of today trading are as follows

1- Benchmark Indices closed in Green with marginal gains.

2- All the Indices closed in Green except CNX AUTO,CNX ENERGY and CNX PSE.

3- Doji Candle formation.

Ratios

Nifty Put Call Ratio: 1.00

Nifty P/E Ratio(22-Nov-2012): 17.61

Advances & Declines

BSE Advances : 1,424

BSE Declines : 1,412

NSE Advances : 880

NSE Declines : 795

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -8,750(-0.55%)

Nifty- 5400 PE(Nov)- -728,200(-9.05%)

Nifty- 5500 CE(Nov)- -139,550(-7.94%)

Nifty- 5500 PE(Nov)- 431,700(4.95%)

Nifty- 5600 CE(Nov)- -108,700(-2.19%)

Nifty- 5600 PE(Nov)- 1,179,750(16.75%)

Nifty- 5700 CE(Nov)- -32,450(-0.40%)

Nifty- 5700 PE(Nov)- 491,700(14.20%)

Closing

Sensex- closed at 18,517.34(56.96 Points & 0.31%)

Nifty- closed at 5,627.75(12.95 Points & 0.23%)

CNX Midcap - closed at 7,785.45(28.80 Points & 0.37%)

CNX Smallcap- closed at 3,482.75(12.40 Points & 0.36%)

Nifty Spot-Levels & Trading Strategy for 23-11-2012

Nifty Spot-Levels

R3 5679

R2 5661

R1 5644

Avg 5626

S1 5609

S2 5591

S3 5574

Nifty Spot-Trading Strategy

H6 5662 Trgt 2

H5 5654 Trgt 1

H4 5646 Long breakout

H3 5636 Go Short

H2 5633

H1 5630

L1 5623

L2 5620

L3 5617 Long

L4 5607 Short Breakout

L5 5599 Trgt 1

L6 5591 Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 23-11-2012

Nifty(Nov Fut)-Levels

R3 5703

R2 5680

R1 5660

Avg 5637

S1 5617

S2 5594

S3 5574

Nifty(Nov Fut)-Trading Strategy

H6 5683 Trgt 2

H5 5673 Trgt 1

H4 5663 Long breakout

H3 5651 Go Short

H2 5647

H1 5643

L1 5636

L2 5632

L3 5628 Long

L4 5616 Short Breakout

L5 5606 Trgt 1

L6 5596 Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 23-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11697
R2 11648
R1 11597
Avg 11548
S1 11497
S2 11448
S3 11397

Bank Nifty(Nov Fut)-Trading Strategy

H6 11647 Trgt 2
H5 11624 Trgt 1
H4 11602 Long breakout
H3 11574 Go Short
H2 11565
H1 11556
L1 11537
L2 11528
L3 11519 Long
L4 11492 Short Breakout
L5 11469 Trgt 1
L6 11446 Trgt 2

Mid-session Outlook(22-11-2012)

Nifty traded more than 5 hours above 5583 yesterday and today also more than 2 hours trading above it therefore Sideways market has been extended into 40 sesion within 5549-5815. Supports and resistances between 40 sessions range are as follows:-

1- Supports between 5581-5602.
2- Supports between 5549-5566.
3- Resistances between 5620-5650.
4- Resistances between 5672-5705.
5- Multiple Resistances between 5700-5720/5733/5777/5815

As previous 3 sessions consolidation therefore positive moves were expected and were seen also today but trading is between immediate next resistance range(5620-5650) and market slipped from intraday higher levels. As today intraday charts are showing consolidation indication therefore today down moves may be a part of intraday consolidation within resistance range and up moves continuation hopes are alive but break out of mentioned resistance range(5620-5650) should be firstly watched to understand strength of ongoing short term up move.

Technical Analysis and Market Outlook(22-11-2012)

Nifty-Intra Day Chart (21-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5581-5602
2- Whole day actual trading between 5560-5620

Conclusions from intra day chart analysis

36 Sessions trading range(5583-5815) broken down on 16-11-2012 but its validity confirmation was required through sustaining below 5583. As moves below 5583 were not forceful therefore follow up selling below it was must but Indian markets got supports and consolidated on 19-11-2012. As soon as Indian markets got support and started consolidation then it was updated on 19-11-2012 and following lines were told:-

1- In Mid-session Outlook:- "emergence of consolidation paterns formations and expectation of small up moves from here"
2- In Pre-Closing Outlook:- "Although Nifty traded most time in negative zone and now trading also near today lower levels but with intraday consolidation patterns formations therefore up moves expectations are alive"

Resultant up moves with intraday consolidation between 5581-5602 and closing above 5583 was seen yesterday as well as broken down on 16-11-2012 proved false. Indian markets are not trending and sideways for the last 2 months therefore now up moves will be seen within mentioned 36 Sessions trading range. As multiple and strong resistances therefore upmoves will be slow and after complete consolidation.

FII Trading Data in Derivatives Segment on 21-Nov-2012

FII & DII trading activity in Capital Market Segment on 21-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	21-Nov-2012	2070.57	1887.98	182.59

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	21-Nov-2012	756.42	889.5	-133.08

Indian Stock Markets Closing Reports(21-Nov-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except CNX AUTO and CNX PSE.
2- Whole day up moves after almost flat opening.
3- White Candle formation.

Ratios

Nifty Put Call Ratio: 1.05
Nifty P/E Ratio(21-Nov-2012): 17.56

Advances & Declines

BSE Advances : 1,478
BSE Declines : 1,381
NSE Advances : 845
NSE Declines : 818

Nifty Open Interest Changed Today

Nifty- 5400 CE(Nov)- -17,800(-1.11%)
Nifty- 5400 PE(Nov)- 529,300(7.04%)

Nifty- 5500 CE(Nov)- -9,500(-0.54%)
Nifty- 5500 PE(Nov)- 1,725,100(24.66%)

Nifty- 5600 CE(Nov)- -481,950(-8.85%)
Nifty- 5600 PE(Nov)- 1,255,900(21.69%)

Nifty- 5700 CE(Nov)- -127,050(-1.54%)
Nifty- 5700 PE(Nov)- -41,200(-1.18%)

Closing

Sensex- closed at 18,460.38(131.06 Points & 0.72%)
Nifty- closed at 5,614.80(43.25 Points & 0.78%)
CNX Midcap - closed at 7,756.65(42.85 Points & 0.56%)
CNX Smallcap- closed at 3,470.35(15.55 Points & 0.45%)

Nifty Spot-Levels & Trading Strategy for 22-11-2012

Nifty Spot-Levels

R3 5694
R2 5657
R1 5635
Avg 5598
S1 5576
S2 5539
S3 5517

Nifty Spot-Trading Strategy

H6 5673 Trgt 2
H5 5660 Trgt 1
H4 5646 Long breakout
H3 5630 Go Short
H2 5624
H1 5619
L1 5608
L2 5603
L3 5597 Long
L4 5581 Short Breakout
L5 5568 Trgt 1
L6 5554 Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 22-11-2012