ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Indian Stock Markets Closing Reports(30-Nov-2011)
Main features of today trading are as follows
1- Bench mark Indices closed in Green.
2- Consolidation patterns in almost all Indices and up moves are expected in the coming sessions.
3- White Candle.
Ratios
Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(01-Dec-2011): 17.49
Advances & Declines
BSE ADVANCES : 1184
BSE DECLINES : 1553
NSE ADVANCES : 516
NSE DECLINES : 907
Nifty Open Interest Changed Today
Nifty- 4800 CE(Dec)- +427200(+12.05%)
Nifty- 4800 PE(Dec)- +286650(+5.50%)
Nifty- 4900 CE(Dec)- -507550(-10.94%)
Nifty- 4900 PE(Dec)- -99650(-4.15%)
Closing
Nifty- closed at 4,832.05(+26.95 Points & +0.56%)
Sensex- closed at 16,123.46(+115.12 Points & +0.72% )
CNX MIDCAP - closed at 6,641.05(-13.55 Points & -0.20%)
BSE SMALL CAP- closed at 6,097.26(-44.90 Points & -0.73%)
1- Bench mark Indices closed in Green.
2- Consolidation patterns in almost all Indices and up moves are expected in the coming sessions.
3- White Candle.
Ratios
Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(01-Dec-2011): 17.49
Advances & Declines
BSE ADVANCES : 1184
BSE DECLINES : 1553
NSE ADVANCES : 516
NSE DECLINES : 907
Nifty Open Interest Changed Today
Nifty- 4800 CE(Dec)- +427200(+12.05%)
Nifty- 4800 PE(Dec)- +286650(+5.50%)
Nifty- 4900 CE(Dec)- -507550(-10.94%)
Nifty- 4900 PE(Dec)- -99650(-4.15%)
Closing
Nifty- closed at 4,832.05(+26.95 Points & +0.56%)
Sensex- closed at 16,123.46(+115.12 Points & +0.72% )
CNX MIDCAP - closed at 6,641.05(-13.55 Points & -0.20%)
BSE SMALL CAP- closed at 6,097.26(-44.90 Points & -0.73%)
FII & DII trading activity in Capital Market Segment on 30-Nov-2011
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Nifty Spot-Levels & Trading Strategy for 01-12-2011
Nifty Spot-Levels
R3 4967
R2 4909
R1 4870
Avg 4812
S1 4773
S2 4715
S3 4676
Nifty Spot-Trading Strategy
H6 4930 Trgt 2
H5 4907 Trgt 1
H4 4885 Long breakout
H3 4858 Go Short
H2 4849
H1 4840
L1 4823
L2 4814
L3 4805 Long
L4 4778 Short Breakout
L5 4756 Trgt 1
L6 4733 Trgt 2
R3 4967
R2 4909
R1 4870
Avg 4812
S1 4773
S2 4715
S3 4676
Nifty Spot-Trading Strategy
H6 4930 Trgt 2
H5 4907 Trgt 1
H4 4885 Long breakout
H3 4858 Go Short
H2 4849
H1 4840
L1 4823
L2 4814
L3 4805 Long
L4 4778 Short Breakout
L5 4756 Trgt 1
L6 4733 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 01-12-2011
Nifty(Dec Fut)-Levels
R3 4983
R2 4922
R1 4877
Avg 4816
S1 4771
S2 4710
S3 4665
Nifty(Dec Fut)-Trading Strategy
H6 4939 Trgt 2
H5 4915 Trgt 1
H4 4890 Long breakout
H3 4861 Go Short
H2 4851
H1 4841
L1 4822
L2 4812
L3 4802 Long
L4 4773 Short Breakout
L5 4749 Trgt 1
L6 4724 Trgt 2
R3 4983
R2 4922
R1 4877
Avg 4816
S1 4771
S2 4710
S3 4665
Nifty(Dec Fut)-Trading Strategy
H6 4939 Trgt 2
H5 4915 Trgt 1
H4 4890 Long breakout
H3 4861 Go Short
H2 4851
H1 4841
L1 4822
L2 4812
L3 4802 Long
L4 4773 Short Breakout
L5 4749 Trgt 1
L6 4724 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 01-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8945
R2 8832
R1 8696
Avg 8583
S1 8447
S2 8334
S3 8198
Bank Nifty(Dec Fut)-Trading Strategy
H6 8812 Trgt 2
H5 8755 Trgt 1
H4 8697 Long breakout
H3 8629 Go Short
H2 8606
H1 8583
L1 8538
L2 8515
L3 8492 Long
L4 8424 Short Breakout
L5 8366 Trgt 1
L6 8309 Trgt 2
R3 8945
R2 8832
R1 8696
Avg 8583
S1 8447
S2 8334
S3 8198
Bank Nifty(Dec Fut)-Trading Strategy
H6 8812 Trgt 2
H5 8755 Trgt 1
H4 8697 Long breakout
H3 8629 Go Short
H2 8606
H1 8583
L1 8538
L2 8515
L3 8492 Long
L4 8424 Short Breakout
L5 8366 Trgt 1
L6 8309 Trgt 2
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.
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
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.
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):-
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
Nifty-EOD Chart(29-Nov-2011):-
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| Just click on chart for its enlarged view |
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 & DII trading activity in Capital Market Segment on 29-Nov-2011
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Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
Nifty-Intra Day Chart(29-Nov-2011):-
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.
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| Just click on chart for its enlarged view |
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%)
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
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
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
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.
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.
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
(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.
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