Nifty(Dec Fut)-Levels & Trading Strategy for 09-12-2011

Nifty(Dec Fut)-Levels

R3 5175
R2 5124
R1 5040
Avg 4989
S1 4905
S2 4854
S3 4770

Nifty(Dec Fut)-Trading Strategy

H6 5091     Trgt 2
H5 5060     Trgt 1
H4 5030     Long breakout
H3 4993     Go Short
H2 4980
H1 4968
L1 4943
L2 4931
L3 4918     Long
L4 4881     Short Breakout
L5 4851     Trgt 1
L6 4820     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 09-12-2011

Bank Nifty(Dec Fut)-Levels

R3 9415
R2 9299
R1 9114
Avg 8998
S1 8813
S2 8697
S3 8512

Bank Nifty(Dec Fut)-Trading Strategy

H6 9231     Trgt 2
H5 9163     Trgt 1
H4 9094     Long breakout
H3 9011     Go Short
H2 8984
H1 8956
L1 8901
L2 8873
L3 8846     Long
L4 8763     Short Breakout
L5 8694     Trgt 1
L6 8626     Trgt 2

Pre-Closing Outlook(08-12-2011)

Firstly sharp fall in first 2 hours and after that almost last 4 hours sideways trading between 4928-4980 with intraday selling patterns therefore more down moves possibilities turned higher after breaking down of that support range in which Nifty is trading(4920-4950)

Mid-session Outlook(08-12-2011)

Indian markets showed its nervousness today after Union Govt. rolling back decision of FDI in Retails and slipped more than 1% after opening today. Nifty slipped below 5000 as welll as support of 5003 also has been broken down therefore next support range(4920-4950) testing possibility is high and this range should be watched.

Market is not moving only on technicals but reacting above mentioned news also therefore sustaining beyond mentioned support range will be next moves confirmations.

Nifty-Micro Analysis of Intra Day Chart For 08-12-2011

Nifty-Intra Day Chart(07-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5080-5098
2- Whole day trading between 5035-5098

Conclusions from intra day chart analysis 

As soon as Profit booking signals emerged then it was updated in Mid-session Outlook at 11:30:00 AM yesterday and finally intraday selling confirmations between 5080-5098. Good consolidation was also seen between 5003-5033 on 05-12-2011 therefore Indian markets will remain sideways today and prepare for next moves between two previous sessions trading range(5003-5098)

Let market prepare for next moves then will be decided according to intraday charts formations and will be updated in Mid-session Outlooks during trading hours.

Nifty Spot-Levels & Trading Strategy for 08-12-2011

Nifty Spot-Levels

R3 5163.67
R2 5131.33
R1 5096.67
PIVOT 5064.33
S1 5029.67
S2 4997.33
S3 4962.67

Nifty Spot-Trading Strategy

H6 5129     Trgt 2
H5 5114     Trgt 1
H4 5098     Long breakout
H3 5080     Go Short
H2 5074
H1 5068
L1 5055
L2 5049
L3 5043     Long
L4 5025     Short Breakout
L5 5009     Trgt 1
L6 4994     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 08-12-2011

Nifty(Dec Fut)-Levels

R3 5207.33
R2 5170.67
R1 5128.33
PIVOT 5091.67
S1 5049.33
S2 5012.67
S3 4970.33

Nifty(Dec Fut)-Trading Strategy

H6 5165     Trgt 2
H5 5147     Trgt 1
H4 5129     Long breakout
H3 5107     Go Short
H2 5100
H1 5093
L1 5078
L2 5071
L3 5064     Long
L4 5042     Short Breakout
L5 5024     Trgt 1
L6 5006     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 08-12-2011

Bank Nifty(Dec Fut)-Levels

R3 9433.67
R2 9370.33
R1 9284.67
PIVOT 9221.33
S1 9135.67
S2 9072.33
S3 8986.67

Bank Nifty(Dec Fut)-Trading Strategy

H6 9348     Trgt 2
H5 9314     Trgt 1
H4 9280     Long breakout
H3 9239     Go Short
H2 9226
H1 9212
L1 9185
L2 9171
L3 9158     Long
L4 9117     Short Breakout
L5 9083     Trgt 1
L6 9049     Trgt 2

Pre-Closing Outlook(07-12-2011)

As soon as profit booking signals at higher levels emerged then it was updated immediately and market slipped also from intraday higher levels. Good buying on 05-12-2011 and lower levels buying also seen today but selling signals also seen at higher levels today.

As intraday patterns are mixed therefore view is cautious and today trading range(5050-5100) break out as well as sustaining beyond will be next moves confirmations.

Mid-session Outlook(07-12-2011)

Profit booking signals also emerges at high level today therefore cautious approach is required.

Post-open Outlook(07-12-2011)

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

Expected that Indian markets will be finally positive and  also close in Green above previous session trading range after follow up consolidation today.

Nifty is trading above  previous session trading range for the last 1 hour and next three resistences are as follows:-

1- 5130-5225
2- 5260-5310
3- 5240-5265

No selling signals yet and expected that ongoing up move will remain continued after consolidations

Technical Analysis & Market Outlook(07-12-2011)

Pre-open Outlook(07-12-2011)

Sideways Indian markets between 4720-5229 for the last 69 Sessions and at present short term trend is up. Nifty closed above 55-Day EMA(today at 5033) and near the higher levels of resistance range of 5000-5060. Sustaining above 5060 will be confirmation of good strength and Intermediate term trend  turning up. Just click follwing link for detailed analysis with EOD chart:-

Rally is on after Trend Reversal Broadening Pattern Support

Nifty-Micro Analysis of Intra Day Chart For 07-12-2011

Nifty-Intra Day Chart(05-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5003-5033 
2- Minor selling between 5038-5052
3- Whole day trading between 5003-5055 

Conclusions from intra day chart analysis 

Although minor selling at higher levels between 5038-5052 but intraday patterns are showing good consolidation formations at lower levels last Monday. Short term up trend is already on and continuation of rally is expected in the coming sessions after previous session good intraday consolidations.

Market Outlook(07-12-2011)

All the Asian markets are positive today morning after weaker closing yesterday therefore sentiment is maintained and good today morning. Expexcted that Indian markets will be finally positive and  also close in Green above previous session trading range after follow up consolidation today.

FII Trading Data in Derivatives Segment on 05-Dec-2011

FII & DII trading activity in Capital Market Segment on 05-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-Dec-2011 1506.92 1360.19 146.73

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Dec-2011 650.91 613.24 37.67

Indian Stock Markets Closing Reports(05-Dec-2011)

Main features of today trading are as follows

Ratios

Nifty Put Call Ratio: 0.88
Nifty P/E Ratio(05-Dec-2011): 18.24

Advances & Declines

BSE ADVANCES : 1364
BSE DECLINES : 1370
NSE ADVANCES : 678
NSE DECLINES : 718

Nifty Open Interest Changed Today

Nifty- 5000 CE(Dec)- -57850(-1.13%)
Nifty- 5000 PE(Dec)- +29200(+0.59%)

Nifty- 5100 CE(Dec)- +634650(+11.59%)
Nifty- 5100 PE(Dec)- +126300(+3.21%)

Closing 

Nifty- closed at 5,039.15(-11Points & -0.22%)
Sensex- closed at 16,805.33(-41.50 Points & -0.25% )
CNX MIDCAP - closed at 6,818.65(-0.70 Points & -0.01%)
BSE SMALL CAP- closed at 6,195.36(+5.33 Points & +0.09%)

Nifty Spot-Levels & Trading Strategy for 07-12-2011

Nifty Spot-Levels

R3 5115
R2 5085
R1 5062
Avg 5032
S1 5009
S2 4979
S3 4956

Nifty Spot-Trading Strategy

H6 5092     Trgt 2
H5 5080     Trgt 1
H4 5068     Long breakout
H3 5053     Go Short
H2 5048
H1 5043
L1 5034
L2 5029
L3 5024     Long
L4 5009     Short Breakout
L5 4997     Trgt 1
L6 4985     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 07-12-2011

Nifty(Dec Fut)-Levels

R3 5155
R2 5120
R1 5092
Avg 5057
S1 5029
S2 4994
S3 4966

Nifty(Dec Fut)-Trading Strategy

H6 5128     Trgt 2
H5 5114     Trgt 1
H4 5099     Long breakout
H3 5082     Go Short
H2 5076
H1 5070
L1 5059
L2 5053
L3 5047     Long
L4 5030     Short Breakout
L5 5015     Trgt 1
L6 5001     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 07-12-2011

Bank Nifty(Dec Fut)-Levels

R3 9432
R2 9340
R1 9273
Avg 9181
S1 9114
S2 9022
S3 8955

Bank Nifty(Dec Fut)-Trading Strategy

H6 9368     Trgt 2
H5 9331     Trgt 1
H4 9294     Long breakout
H3 9250     Go Short
H2 9236
H1 9221
L1 9192
L2 9177
L3 9163     Long
L4 9119     Short Breakout
L5 9082     Trgt 1
L6 9045     Trgt 2

Pre-Closing Outlook(05-12-2011)

Whatsoever was told yesterday for today markets,same is being seen after weak opening and intraday correction has also been seen today.

Nifty is trading between resistance range of 5000-5060 and sustaining above 5060 will be next up moves and intermediate up trend confirmation.

Lower levels consolidation and support seen between 5003-5025 and selling formations also seen at higher levels between 5038-5052 today therefore sustaining beyond today trading range will be next moves confirmation and should be firstly watched also.

Although almost whole day negative zone trading but intraday patterns are showing consolidation formations therefore continuation of rally expected in the coming sessions.

(As busy since morning therefore outlooks could not be posted since morning today)

Continuation of Strong Rally after Minor Correction

Weekly Outlook(Dec 05 to Dec 09,2011)

Technical Analysis and Research of EOD,weekly and Monthly charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 5 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in nexr week:-

1- New Historical Highs in 2012
2- Positive MACD and Continuation of impulsive Wave-5
3- Rally is on after Trend Reversal Broadening Pattern Support
4- Nifty-20 days Intra Days Chart Micro Analysis(Nov 14 to Dec 02,2011)
5- Nifty-Micro Analysis of Intra Day Chart For 05-12-2011

Conclusions (After Putting All Studies Together)

Following question has been replied in above mentioned topics:-

Why Previous week begun rally have given birth to that rally which may form new highs in Indian markets?

Next resistances between 5000-5400 are as follows:-

1- 5000-5060
2- 5130-5225
3- 5260-5310
4- 5340-5365

Nifty closed above 55 Day SMA  and at the higher levels of above mentioned 1st resistance,sustaining above these two levels will be confirmation of intermediate term up trend and in that situation 3 weeks to 3 months up moves will be expected.

Weekly indicators have started to move up but not overbought therefore telling for more up moves but some daily indicators are entering into overbought area therefore showing possibility of minor correction therefore minor intraday or daily correction may be seen before a stong rally. Following 2 characteristics of Bull markets should also be kept in mind;-

1- Markets correction at higher levels or within range bound mode and does not slips too much.
2- Indicators remain in overbought zone for months also.

Intraday indicators have shown divergence in overbought zone last Friday therefore minor correction is possible in the beginning of week but rally is on. Until complete selling patterns will not be seen minimum in Daily charts till then any reversal or deeper correction will not be considered. As no such pattern seen yet therefore continuation of rally expected after minor correction.

Nifty-Micro Analysis of Intra Day Chart For 05-12-2011

Nifty-Intra Day Chart(02-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- First 3 hours lower levels consolidation confirmation and support at lower levels between 4920-4958
2- Mixed patterns between 5005-5035.
3- Divergence in all the indicators during last 2 hours
4- closing at the top of upper band in Bollinger Band.
5- Whole day trading between 4920-5062

Conclusions from intra day chart analysis 

Strong rally after lower levels consolidations but in the lst 2 hours mixed trading patterns and divergence in indicators therefore minor intraday correction is possible in the beginning of weak. Expected that Nifty will not slip below support range 4920-4958 in mentioned correction  and finally rally will be seen after consolidation between last Friday range.