Pre-Closing Outlook(30-11-2011)

Intraday consolidation patterns were told for yesterday markets and resultant Indian markets are closing in Green today despite all the Global markets and Futures negative zone trading and closing.

Highly volatile markets today and yesterday therefore finally sustaining beyond these two sessions range (4755-4866) will be next moves confirmations. As intraday consolidation pateerns today also and continuation of rally expected in the coming sessions but mentioned two days range will also be watched for confirmations.

Mid-session Outlook(30-11-2011)

Although most of the Asian markets were in deep Red but folloiwng lines were told for today market in Pre-open Outlook:-

1- Until Nifty will not sustain below 4788 till then further down moves will not be considered.
2- Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.

Nifty is in positive zone above 4800 despite all negative zone trading Asian markets and Dow's Futures is also 50 points down at this moment.

Whole day intraday consolidations yesterday and correction completion as well as rally continuation possibility was told in following 3 topics yesterday:-

1- Rally will contine within most Crucial Trend deciding Range
2- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
3- Pre-Closing Outlook(29-11-2011)

Intraday support at lower levels today sustaining above following two levels will be next strong rally confirmation:-

1- 4820
2- 4866

Pre-open Outlook(30-11-2011)

Almost all the Asian markets in Red and some are more than 1.5% down also therefore sentiment is weak and negative opening will be seen today. Nifty traded between 4788-4866 yesterday with intraday consolidation patterns and may slip below also yesterday lows under Asian markets  influence but until Nifty will not sustain below 4788 till then further down moves will not be considered.

Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.

Pre-open Outlook(30-11-2011)

Almost all the Asian markets in Red and some are more than 1.5% down also therefore sentiment is weak and negative opening will be seen today. Nifty traded between 4788-4866 yesterday with intraday consolidation patterns and may slip below also yesterday lows under Asian markets  influence but until Nifty will not sustain below 4788 till then further down moves will not be considered.

Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.

Rally will contine within most Crucial Trend deciding Range

Technical Analysis and Research For 30-11-2011

Nifty-EOD Chart(29-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 55+8+2=65 Sessions range bound trading between 4720-5229
2- 55 Sessions range broken out and retracement within range
3- 55+8=63 Sessions range broken bown and retracement within range
4- Previous 2 sessions trading
5- Trend reversal Broadening Pattern in last 4 months.

Conclusions

Nifty traded between 4720-5229 in previous 65 sessions and reversed into this range 2 times after its broken out and broken down. Almost 13 Months correction and finally previous 4 months range bound markets. As trend reversal Broadening Pattern formations at the bottom of correction therefore expected that much deeper correction will not be seen and any up moves from any point will finally prove impulsive Wave-5 toward all time high above 6357.10(on 08-01-2008).

Rally started on 24-11-2011 from 4639.10 and its short term cooection seen yesterday. Although Indian markets closed almost 1% down yesterday but intraday charts of yesterday are showing consolidation patterns therefore firstly continuation of rally is expected within 65 Sessions range(4720-5229).

Just click following link for intraday chart analysis of  29-11-2011 

Nifty-Micro Analysis of Intra Day Chart For 30-11-2011

FII Trading Data in Derivatives Segment on 29-Nov-2011

FII & DII trading activity in Capital Market Segment on 29-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 29-Nov-2011 1937.89 2258.76 -320.87

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Nov-2011 1172.69 811.46 361.23

Nifty-Micro Analysis of Intra Day Chart For 30-11-2011

Nifty-Intra Day Chart(29-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Falling channel corrections
2- Support between 4804-4822
3- Support between 4788-4805
4- Whole day intraday consolidation patterns
5- Whole day trading between 4788-4866

Conclusions from intra day chart analysis   

Intraday correction and vloatile market was clearly told before the opening of today market and it was seen whole day today. As today intraday charts are showing falling channels,lower levels supports and whole day consolidation patterns therefore expected that follow up buying will develop in the coming sessions and today begun very short term correction will finish within 1/2 day.

Pull back rally continuation possibility is high in the coming sessions despite 1% down closing today. Technically Indian markets are riped for a strong Pull Back Rally and amicable resolving of Retail FDI issue will trigger next rally as well as next trend confirmation will be sustaining beyond 4790-4870.

Indian Stock Markets Closing Reports(29-Nov-2011)

Main features of today trading are as follows

1- All the Indices closed in Red except HC and FMCG
2- Black Candle.
3- Retail FDI news led uncertainity,volatility and weak market.

Ratios

Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(29-Nov-2011): 17.40

Advances & Declines

BSE ADVANCES : 1224
BSE DECLINES : 1525
NSE ADVANCES : 564
NSE DECLINES : 875

Nifty Open Interest Changed Today

Nifty- 4700 CE(Dec)- +56550(+2.59%)
Nifty- 4700 PE(Dec)- +218350(+3.16%)

Nifty- 4800 CE(Dec)- +378450(+11.92%)
Nifty- 4800 PE(Dec)- -28950(-0.54%)

Nifty- 4900 CE(Dec)- +1163650(+31.65%)
Nifty- 4900 PE(Dec)- +151550(+6.69%)

Closing 

Nifty- closed at 4,805.10(-46.20 Points & -0.95%)
Sensex- closed at 16,008.34(-158.79 Points & -0.98%)
CNX MIDCAP - closed at 6,654.60(-59.35 Points & -0.88%)
BSE SMALL CAP- closed at 6,142.16(-11.20 Points & -0.18%)

Nifty Spot-Levels & Trading Strategy for 30-11-2011

Nifty Spot-Levels

R3 4930
R2 4898
R1 4851
Avg 4819
S1 4772
S2 4740
S3 4693

Nifty Spot-Trading Strategy

H6 4884     Trgt 2
H5 4866     Trgt 1
H4 4848     Long breakout
H3 4826     Go Short
H2 4819
H1 4812
L1 4797
L2 4790
L3 4783     Long
L4 4761     Short Breakout
L5 4743     Trgt 1
L6 4725     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 30-11-2011

Nifty(Dec Fut)-Levels

R3 4968
R2 4926
R1 4871
Avg 4829
S1 4774
S2 4732
S3 4677

Nifty(Dec Fut)-Trading Strategy

H6 4913     Trgt 2
H5 4891     Trgt 1
H4 4869     Long breakout
H3 4842     Go Short
H2 4833
H1 4824
L1 4807
L2 4798
L3 4789     Long
L4 4762     Short Breakout
L5 4740     Trgt 1
L6 4718     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 30-11-2011

Bank Nifty(Dec Fut)-Levels

R3 9080
R2 8964
R1 8795
Avg 8679
S1 8510
S2 8394
S3 8225

Bank Nifty(Dec Fut)-Trading Strategy

H6 8914     Trgt 2
H5 8848     Trgt 1
H4 8783     Long breakout
H3 8705     Go Short
H2 8679
H1 8653
L1 8600
L2 8574
L3 8548     Long
L4 8470     Short Breakout
L5 8405     Trgt 1
L6 8339     Trgt 2

Pre-Closing Outlook(29-11-2011)

Nifty traded almost whole time between mentioned range(4790-4870) with intraday consolidation patterns therefore expected that finally continuation of previous week started rally will be seen despite today at this moment more than 1.00% down trading.

Next trend confirmation will be sustaining beyond mentioned range(4790-4870) therefore will be kept in mind and firstly watched tomorrow.

Mid-session Outlook(29-11-2011)

Intraday correctin and volatile market between 4790-4870 was expected for today and Nifty traded between 4802.85-4866.10 in first 4 hours today. Correction of previous week started rally is continued today and intraday support also seen between 4804-4822. As lower levels intraday support today therefore expected that rally will be seen after correction completion.

Mentioned range(4790-4870) break out will be next trend confirmation therefore will be kept in mind.

Next Rally Key in the hands of FDI in retail

Pre-open Outlook
(29-11-2011)

All the global markets closed strong yesterday but today is rest taking day and all the Asian markets are trading with modest gains.  As climate is lukewarm today morning therefore Indian markets will also open flat and firstly trade  near about yesterday closing within resistance range(4820-4870).

Pull back rally is on but very short term indicators are overbought after yesterday rally therefore minor intraday correction is due and that may be seen today and new phase of up moves will start after sustaining above mentioned resistance range.

Volatility is possible today due to following 2 reasons:-

1- Profit booking possibility on the back of heated sentiment.
2- Uncertainity due to FDI in retail issue.

FDI in retail is holding the key of next rally therefore its amicable solution is must for next rally above 4870. If situation worsen and Parliament does not work then it will badly hamper sentiment as well as previous week started rally.

Minor intraday corrections are part of pull back rallies and that may be seen today. Nifty will firstly trade and prepare for next moves betweeen 4790-4870,sustaining beyond this range will be next trend confirmation.

Fibonacci Retracement Levels

Nifty-EOD Chart(28-Nov-2011):-

Just click on chart for its enlarged view

Conclusions

Correcttion started on 28-10-2011 from 5400 and Pull Back Rally begun after its completion on 24-11-2011 at 4640. Fibonacci Retracement Levels of on going up moves are as follows:-

13.0%- 4738
23.6%- 4819
27.0%- 4845
38.2%- 4930
50.0%- 5020
61.8%- 5109
70.7%- 5177
76.4%- 5220
78.6%- 5237
88.6%- 5313

FII Trading Data in Derivatives Segment on 28-Dec-2011

Technical Analysis and Research For 29-12-2011

Falling Channel Break Out 

Nifty-EOD Chart(28-Nov-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 3 Sessions consolidation at lower levels
2- Falling Channel Break out

Conclusions

Last 14 days falling channel break out today after 3 sessions consolidations and it is strong bullish indication therefore continuation of previous week rally will be seen in this week.

FII & DII trading activity in Capital Market Segment on 28-Nov-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 28-Nov-2011 1723.62 2026.21 -302.59

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 28-Nov-2011 1075.94 768.64 307.3

Nifty-Micro Analysis of Intra Day Chart For 29-12-2011

Nifty-Intra Day Chart(28-12-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4785-4825
2- Whole day trading between 4775-4857

Conclusions from intra day chart analysis 

Strong rally after whole day consolidations today and no signs of selling therefore continuation of rally expected in the coming sessions. Next resistance is between 4820-4870 and Nifty traded last more than one hour within this range,sustaining above 4870 will mean sharp moves toward 5000 because next resistance is above it.

Expected that up moves will remain continued and Nifty will test levels above 5000 in the coming sessions.

Indian Stock Markets Closing Reports(28-Nov-2011)

Main features of today trading are as follows

1- All the Indices closed in Green with good gains.
2- Long white Candle.
3- Beginning of strong rally.

Ratios

Nifty Put Call Ratio: 1.04
Nifty P/E Ratio(28-Nov-2011): 17.56

Advances & Declines

BSE ADVANCES : 1922
BSE DECLINES : 879
NSE ADVANCES : 1119
NSE DECLINES : 337

Nifty Open Interest Changed Today

Nifty- 4700 CE(Dec)- -312950(-12.43%)
Nifty- 4700 PE(Dec)- +976450(+16.20%)

Nifty- 4800 CE(Dec)- -469600(-12.50%)
Nifty- 4800 PE(Dec)- +860550(+18.53%)

Nifty- 4900 CE(Dec)- +220650(+6.23%)
Nifty- 4900 PE(Dec)- +121250(+5.62%)

Closing 

Nifty- closed at 4,851.30(+141.25 Points & +3.00%)
Sensex- closed at 16,167.13(+471.70 Points & +3.01%)
CNX MIDCAP - closed at 6,713.95(+116.25 Points & +1.76%)
BSE SMALL CAP- closed at 6,153.36(+103.97 Points & +1.72%)