Nifty-Micro Analysis of Intra Day Chart For 26-09-2011

Nifty-Intra Day Chart(23-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intra day charts

1- Consolidation between 4832-4881
2- Selling between 4900-4929
3- Whole day trading between 4832-4929

Conclusions


Lower levels good consolidations and minor selling at higher levels but whole day intraday patterns are showing consolidation formations therefore  upmoves possibilities are high from next week. Indian markets tumbled and correction begun amid crashing Global markets cues but today consolidation patterns are showing correction completion signals.

Follow up buying is must next Monday and sustaining beyond today trading range(4832-4929) will be next moves confirmations.

FII Trading Data in Derivatives Segment on 23-Sep-2011

FII & DII trading activity in Capital Market Segment on 23-Sep-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 23-Sep-2011 1640.68 2920.29 -1279.61

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 23-Sep-2011 1480.67 715.29 765.38

Indian Stock Markets Closing Reports(23-Sep-2011)

Main features of today trading are as follows

1- Red closing.
2- Doji Candle.
3- All the Indices closed in Red except FMCG

Ratios

Nifty Put Call Ratio: 1.13
Nifty P/E Ratio(23-Sep-2011): 17.58

Advances & Declines

BSE ADVANCES : 973
BSE DECLINES : 1832
NSE ADVANCES : 413
NSE DECLINES : 1033

Nifty Open Interest Changed Today

Nifty- 4800 CE(Sep)- +1531350(+83.74%)
Nifty- 4800 PE(Sep)- -175950(-1.99%)

Nifty- 4900 CE(Sep)- +338400(+6.91%)
Nifty- 4900 PE(Sep)- -553000(-9.21%)

Nifty- 5000 CE(Sep)- +1183500(+22.90%)
Nifty- 5000 PE(Sep)- -403800(-7.08%)

Closing 

Nifty- closed at 4,867.75(-55.90 Points & -1.14%)
Sensex- closed at 16,162.06(-199.09 Points & -1.22% )
CNX MIDCAP - closed at 7,185.30(-47.30 Points & -0.65%)
BSE SMALL CAP- closed at 7,041.12(-80.40 Points & -1.13%)

Nifty Spot-Levels & Trading Strategy for 26-09-2011

Nifty Spot-Levels

R3 5022
R2 4976
R1 4921
Avg 4875
S1 4820
S2 4774
S3 4719

Nifty Spot-Trading Strategy

H6 4968     Trgt 2
H5 4945     Trgt 1
H4 4922     Long breakout
H3 4894     Go Short
H2 4885
H1 4876
L1 4857
L2 4848
L3 4839     Long
L4 4811     Short Breakout
L5 4788     Trgt 1
L6 4765     Trgt 2

Nifty(Sep Fut)-Levels & Trading Strategy for 26-09-2011

Nifty(Sep Fut)-Levels

R3 5047
R2 4991
R1 4930
Avg 4874
S1 4813
S2 4757
S3 4696

Nifty(Sep Fut)-Trading Strategy

H6 4988     Trgt 2
H5 4961     Trgt 1
H4 4934     Long breakout
H3 4902     Go Short
H2 4891
H1 4880
L1 4859
L2 4848
L3 4837     Long
L4 4805     Short Breakout
L5 4778     Trgt 1
L6 4751     Trgt 2

Bank Nifty(Sep Fut)-Levels & Trading Strategy for 26-09-2011

Bank Nifty(Sep Fut)-Levels

R3 9794
R2 9665
R1 9519
Avg 9390
S1 9244
S2 9115
S3 8969

Bank Nifty(Sep Fut)-Trading Strategy

H6 9651     Trgt 2
H5 9587     Trgt 1
H4 9524     Long breakout
H3 9448     Go Short
H2 9423
H1 9398
L1 9347
L2 9322
L3 9297     Long
L4 9221     Short Breakout
L5 9158     Trgt 1
L6 9094     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Sep 26 to Sep 30,2011)

Nifty Spot-Weekly Levels

R3 5419
R2 5293
R1 5080
Avg 4954
S1 4741
S2 4615
S3 4402

Nifty Spot-Weekly Trading Strategy

H6 5208     Trgt 2
H5 5131     Trgt 1
H4 5053     Long breakout
H3 4960     Go Short
H2 4929
H1 4898
L1 4835
L2 4804
L3 4773     Long
L4 4680     Short Breakout
L5 4602     Trgt 1
L6 4525     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Sep 26 to Sep 30,2011)

Bank Nifty Spot-Weekly Levels

R3 10504
R2 10233
R1 9803
Avg 9532
S1 9102
S2 8831
S3 8401

Bank Nifty Spot-Weekly Trading Strategy 

H6 10082     Trgt 2
H5 9920     Trgt 1
H4 9758     Long breakout
H3 9565     Go Short
H2 9501
H1 9437
L1 9308
L2 9244
L3 9180     Long
L4 8987     Short Breakout
L5 8825     Trgt 1
L6 8663     Trgt 2

Pre-Closing Outlook(23--09-2011)

Good supports seen at lower levels but selling also developed at higher levels in last 45 minutes therefore finally mixed patterns today and sustaining beyond today trading range will be next moves confirmations.

Mid-session Outlook-2(23--09-2011)

As supports at lower levels and intraday patterns are also showing  consolidations therefore decisive  up moves  possibility is high after crashing global cues backed correction completion.

Mid-session Outlook(23--09-2011)

As soon as minor intra day consolidation/supports developed then it was immediately updated in both previous outlooks and sharp more than 50 points of Nifty upmoves are also seen both times after our consolidation/supports postings.(Anyone can verify from today intraday charts)

Although good intraday supports at lower levels today bearish markets always remains highly volatile therefore today sustaining above 4912 will be firstly watched for next decisive up moves confirmations.

Post-open Outlook-2(23--09-2011)

Firstly Nifty recovered more than 55 points after minor intraday consolidation but faced resistance at 4900 and slipped sharply. Bearish markets and complete confirmation is must for any support formation,let it happen first then decisive up moves will be considered.

Although Indian markets are slipping sharply from higher levels but getting minor supports at lower levels also and it was again seen between 4830-4842 today. Confirmation will be sustaining above 4830 after complete consolidation and then any up move will be considered.

Post-open Outlook(23--09-2011)

Following lines were told in Pre-open Outlook today:-

4860 will be watched first today and slipping below it will mean more down moves and sustaining above 4912 will mean survival of crucial support within which Nifty closed yesterday.

Although Nifty slipped below 4860 but firstly hovered around 4860 after forming low at 4848. Indian markets are out performing Global markets and first 30 minutes intra day patterns are showing consolidation indications also. 

Next moves confirmations will be sustaining beyond 4848-4912.

Pre-open Outlook(23--09-2011)

Technical Analysis and Research of EOD chart,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 2 Charts therefore not being repeated:-

4720 Survival Today will Decide Next Long Moves & Trend

Global markets are melting and Asian markets are .50% to 4.35% down today morning. Sign of relief for Indian markets is that SGX Nifty is not showing such big fall and .65% down at this monebt. Fist conclusion will be drawn from that point where Indian markets stabilise after weak opening today.

4860 will be watched first today and slipping below it will mean more down moves and sustaining above 4912 will mean survival of crucial support within which Nifty closed yesterday.

Let market find its lowest in Global crashing markets then final conclusion after fresh base formation and intraday trading patterns.

4720 Survival Today will Decide Next Long Moves & Trend

Technical Analysis,Researches & Market Outlook For 23-09-2011


Nifty-Intra Day Chart(Sep 09 to Sep 22,2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 10 sessions intraday charts

1- Support between 4912-4960 
2- Nifty slipped a little below its lowest(4908) and closed within support range at 4923.

Conclusions

Technically Support range of 4912-4960 has not been broken down because Nifty closed within it yesterday but markets may be highly bearish after US market huge fall therefore deep Red trading is possible today and saving of 4720 will be watched first for stopping/continuation of next down moves confirmations.

Nifty-EOD Chart(22-Sep-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 32 sessions range bound markets between 4720-5229
2- Strong resistance between 5110-5220
3- No strong support between 4720-4908 

Crucial Empty Zone between 4720-4908

Nifty did not traded between 4720-4908 during last 16 sessions and will trade between this range after gap down opening today. No support between this area and only minor support is at 4720 therefore free fall within this range is very much possible amid most depressing sentiment at present.

Conclusions

All trends are down and lowest of 32 sessions crucial supports have been tested yesterday and no noticable support of last 32 sessions left. Sustaining below 4720 will mean again free fall and then following next supports will be watched:-

1- 4538
2- 4353
3- 3919

Most dampened sentiment and any lower level is possible because Indian markets are completely bearish and all the trends are down. Market require complete consolidation and base formation for trend reversal for any sustained rally. As last 32 sessions range bound market has been its hope also therefore sustaining beyond its lowest of 4720 will be watched first of all. Global markets are melting and if Nifty sustains below 4720 then above mentioned 3 supports will be watched for stopping of on going down moves.

Breaking down of 32 sessions range will mean again deep down moves therefore 4720 survival will tell about next long trend and moves because it will decide that 32 sessions range bound market is being ended today in Bearish mode or not. 

Finally expected that Nifty will get support near about 4720 and range bound market within 4720-5229 will remain continued in next week.

FII Trading Data in Derivatives Segment on 22-Sep-2011

FII & DII trading activity in Capital Market Segment on 22-Sep-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 22-Sep-2011 1364.68 2670.23 -1305.55

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Sep-2011 1421.47 678 743.47

Indian Stock Markets Closing Reports(22-Sep-2011)

Main features of today trading are as follows

1- Long Black Candle.
2- Deep Red Closing.
3- Crashing market and crucial supports broken down.

Ratios

Nifty Put Call Ratio: 1.25
Nifty P/E Ratio(22-Sep-2011): 17.78

Advances & Declines

BSE ADVANCES : 597
BSE DECLINES : 2248
NSE ADVANCES : 117
NSE DECLINES : 1348

Nifty Open Interest Changed Today

Nifty- 4900 CE(Sep)- +2372100(+95.32%)
Nifty- 4900 PE(Sep)- -760650(-10.45%)

Nifty- 5000 CE(Sep)- +1387200(+28.80%)
Nifty- 5000 PE(Sep)- -2346350(-25.19%)

Nifty- 5100 CE(Sep)- +1204100(+27.47%)
Nifty- 5100 PE(Sep)- -2566350(-45.54%)

Closing 

Nifty- closed at 4,923.65(-209.60 Points & -4.08%)
Sensex- closed at 16,361.15(-704.00 Points & -4.13% )
CNX MIDCAP - closed at 7,232.60(-235.40 Points & -3.15%)
BSE SMALL CAP- closed at 7,121.52(-230.49 Points & -3.14%)

Pre-Closing Outlook(22--09-2011)

Steep fall expectation was told in yesterday Pre-Closing Outlook and also next support testing(4912-4960)  possibility was also told in Mid-session Outlook today. Crashing like situation today and all crucial supports of last 31 sessions range broken down also.

Last minor support is at 4720 and until any support will not be develop till then stopping of on going down move will not be projected.

Mid-session Outlook (22--09-2011)

Nifty got 4th time resistance between 5100-5220 in last one month,also slipped below below crucial support(5020) and  now  high possibility of next support testing(4912-4960).