Up moves and Positive market on 16-12-2011

Nifty-Intra Day Chart(15-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4675-4700
2- Last more than one hour consolidation at higher level between 4735-4762
3- Whole day intraday consolidation formations.
4- Whole day trading between 4675-4767

Conclusions from intra day chart analysis

Up moves after lower levels consolidation and after that last more than one hour again consolidation today therefore more up moves are expected in the coming sessions.

Although multiple resistances at higher levels and decisive rally will get confirmation after sustaining above minimum next resistance(4800-4838) but minimum its testing and positive markets expected tomorrow because today whole day intraday patterns are showing consolidation formations.

Expected that Nifty will finally sustain above 4838 after today bottom formation and let it happen then next moves will be discussed.

FII Trading Data in Derivatives Segment on 15-Dec-2011

FII & DII trading activity in Capital Market Segment on 15-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 15-Dec-2011 2991.84 3315.12 -323.28

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 15-Dec-2011 986.71 938.62 48.09

Indian Stock Markets Closing Reports(15-Dec-2011)

Main features of today trading are as follows

1- Red closing.
2- White Candle
3- Up moves after support at lower levels.

Ratios

Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(15-Dec-2011): 17.19

Advances & Declines

BSE ADVANCES : 885
BSE DECLINES : 1846
NSE ADVANCES : 369
NSE DECLINES : 1075

Nifty Open Interest Changed Today

Nifty- 4600 CE(Dec)- +427100(+71.35%)
Nifty- 4600 PE(Dec)- +51700(+1.03%)

Nifty- 4700 CE(Dec)- +824900(+26.84%)
Nifty- 4700 PE(Dec)- +288850(+3.23%)

Nifty- 4800 CE(Dec)- -375050(-7.92%)
Nifty- 4800 PE(Dec)- -509350(-8.92%)

Closing 

Nifty- closed at 4,746.35(-16.90 Points & -0.35%)
Sensex- closed at 15,836.47(-44.67 Points & -0.28% )
CNX MIDCAP - closed at 6,398.75(-48.60 Points & -0.75%)
BSE SMALL CAP- closed at 5,781.04(-88.94 Points & -1.52%)

Nifty Spot-Levels & Trading Strategy for 16-12-2011

Nifty Spot-Levels

R3 4880
R2 4824
R1 4785
Avg 4729
S1 4690
S2 4634
S3 4595

Nifty Spot-Trading Strategy

H6 4842     Trgt 2
H5 4820     Trgt 1
H4 4798     Long breakout
H3 4772     Go Short
H2 4763
H1 4754
L1 4737
L2 4728
L3 4719     Long
L4 4693     Short Breakout
L5 4671     Trgt 1
L6 4649     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 16-12-2011

Nifty(Dec Fut)-Levels

R3 4916
R2 4850
R1 4803
Avg 4737
S1 4690
S2 4624
S3 4577

Nifty(Dec Fut)-Trading Strategy

H6 4872     Trgt 2
H5 4845     Trgt 1
H4 4819     Long breakout
H3 4788     Go Short
H2 4777
H1 4767
L1 4746
L2 4736
L3 4725     Long
L4 4694     Short Breakout
L5 4668     Trgt 1
L6 4641     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 16-12-2011

Bank Nifty(Dec Fut)-Levels

R3 8689
R2 8606
R1 8528
Avg 8445
S1 8367
S2 8284
S3 8206

Bank Nifty(Dec Fut)-Trading Strategy

H6 8612     Trgt 2
H5 8575     Trgt 1
H4 8538     Long breakout
H3 8494     Go Short
H2 8479
H1 8464
L1 8435
L2 8420
L3 8405     Long
L4 8361     Short Breakout
L5 8324     Trgt 1
L6 8287     Trgt 2

Pre-Closing Outlook(15-12-2011)

When Indian markets were near lower levels then following line was told in Mid-session Outlook today:-

As intraday patterns are showing consolidations therefore up moves are expected

More than 1% upmoves were seen after above message today. Nifty got support again within 4675-4690 and between crucial support range((4640-4690) but multiple resistances at higher levels and decisive rally will get confirmation after sustaining above minimum next resistance(4800-4838)

As sentimrnt is heated at this moment therefore minor intraday correction is expected but finally sustaining above 4690 will mean continuation of today begun pull back rally in the coming sessions.

Mid-session Outlook(15-12-2011)

Nifty traded between crucial support range((4640-4690) and intraday support also seen between this range within 4675-4690. Both selling and intraday support seen between  4675-4726 today. Market is dicounting and reacting on advance tax figures and decreased inflation also with mixed intraday patterns. As intraday patterns are showing consolidations therefore up moves are expected but more confirmations are required and today trading range(4675-4726) break out will be kept in mind for next moves confirmations.

Post-open Outlook(15-12-2011)

Intraday selling patterns between 4710-4726 today.

Long Term Trend Decider 4640-4690

Nifty-Intra Day Chart(14-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 4800-4838
2- Whole day trading between 4752-4838
3- Mixed Patterns between 4752-4770
4- Falling Channel in last 3 hours with consolidation indications.

Conclusions from intra day chart analysis 

Next supports are as follows:-

1- 4735(Next Support)
2- Last support of 87 sessions Broadening Pattern is between 4640-4690

As strong support at 4735 and following two trading positions today therefore follow up selling and sustaining below 4735 is must for more down confirmations:-

1- Mixed Patterns between 4752-4770 during last hour today.
2- Falling Channel in last 3 hours with consolidation indications today.

Following two points are suggesting more weakness tomorrow:-

1- Good selling at higher levels and closing near the lower levels of the day today.
2- European markets closed from 1.6% to 3% down and US markets are more than 1% down at this moment.

All trends are down and more down moves can not be ruled out tomorrow on the back of weaker Global cues. 

As above mentioned 2 trading positions during last 3 hours today therefore sustaining beyond above mentioned last support levels(4640-4690) will decide next trend and should be firstly watched for next big moves and long term trend confirmations. 

FII Trading Data in Derivatives Segment on 14-Dec-2011

FII & DII trading activity in Capital Market Segment on 14-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 14-Dec-2011 2246.43 2386.56 -140.13

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-Dec-2011 1022.94 573.35 449.59

Indian Stock Markets Closing Reports(14-Dec-2011)

Main features of today trading are as follows

1- All the Indices closed in Red except FMCG
2- Black Candle.
3- Closing near the lowest of the day.

Ratios

Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(14-Dec-2011): 17.25

Advances & Declines

BSE ADVANCES : 1066
BSE DECLINES : 1669
NSE ADVANCES : 447
NSE DECLINES : 998

Nifty Open Interest Changed Today

Nifty- 4700 CE(Dec)- -6150(-0.20%)
Nifty- 4700 PE(Dec)- +435550(+5.04%)

Nifty- 4800 CE(Dec)- +899000(+22.73%)
Nifty- 4800 PE(Dec)- +432950(+7.75%)

Nifty- 4900 CE(Dec)- +638000(+13.22%)
Nifty- 4900 PE(Dec)- -389650(-9.41%)

Closing 

Nifty- closed at 4,763.25(-37.35 Points & -0.78%)
Sensex- closed at 15,881.14(-121.37 Points & -0.76% )
CNX MIDCAP - closed at 6,447.35(-44.70 Points & -0.69%)
BSE SMALL CAP- closed at 5,869.98(-48.19 Points & -0.81%)

Nifty Spot-Levels & Trading Strategy for 15-12-2011

Nifty Spot-Levels

R3 4907
R2 4873
R1 4818
Avg 4784
S1 4729
S2 4695
S3 4640

Nifty Spot-Trading Strategy

H6 4852     Trgt 2
H5 4832     Trgt 1
H4 4811     Long breakout
H3 4787     Go Short
H2 4779
H1 4771
L1 4754
L2 4746
L3 4738     Long
L4 4714     Short Breakout
L5 4693     Trgt 1
L6 4673     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 15-12-2011

Nifty(Dec Fut)-Levels

R3 4921
R2 4884
R1 4824
Avg 4787
S1 4727
S2 4690
S3 4630

Nifty(Dec Fut)-Trading Strategy

H6 4861     Trgt 2
H5 4839     Trgt 1
H4 4817     Long breakout
H3 4790     Go Short
H2 4781
H1 4772
L1 4755
L2 4746
L3 4737     Long
L4 4710     Short Breakout
L5 4688     Trgt 1
L6 4666     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 15-12-2011

Bank Nifty(Dec Fut)-Levels

R3 8884
R2 8786
R1 8649
Avg 8551
S1 8414
S2 8316
S3 8179

Bank Nifty(Dec Fut)-Trading Strategy

H6 8748     Trgt 2
H5 8694     Trgt 1
H4 8641     Long breakout
H3 8576     Go Short
H2 8555
H1 8533
L1 8490
L2 8468
L3 8447     Long
L4 8382     Short Breakout
L5 8329     Trgt 1
L6 8275     Trgt 2

Pre-Closing Outlook(14-12-2011)

Technical positions of 2 sessions are as follows;-

1- Strong support between 4735-4765 yesterday
2- Good selling seen above 4800-4838 today.

Next moves preparation range is 4765-4800. As good selling today therefore down moves possibilities turned equally higher now and Next decisive moves confirmation will be sustaining beyond 4735-4838.

Mid-session Outlook-2(14-12-2011)

Good selling at higher levels today and after that sharp down but strong support between 4735-4765 yesterday therefore until Nifty will not slip below 4735 till then next down trend will not be considered.

News based high volatility and next decisive moves confirmation range is sustaining beyond 4735-4838.

Mid-session Outlook(14-12-2011)

Nifty moved above 4823 on the expectations of positive news of inflation. Although Inflation reduced from 9.73 to 9.11(MoM) but not according to market expectations therefore sharp down.As intraday charts between 4808-4838 are also showing selling  patterns therefore more down moves can not be ruled out.

Watch only sustaining beyond 4735-4823

Pre-open Outlook(14-12-2011)

Nifty-EOD Chart(13-Dec-2011):-

Technical Patterns and Formations in EOD charts

1- All trends are down.
2- Nifty is range bound between 4720-5229 for the last 74 sessions
3- Trend reversal Broadening Pattern formations during last 86 sessions at the bottom of 13 months long term correction.

Conclusions

Most uncertain European news led highly volatile markets for the last 86 sessions between 4640-5400 and sustaining beyond this range will be next long term trend. Until Nifty is trding within mentioned ranges till then views should remain for trading within these ranges.

Sentiment is weak today morning after Red closing in US markets therefore Nifty will trade and prepare for next moves within yesterday trading range(4735-4823) after negative opening. As buying and selling both were seen yesterday therefore follow up intraday positions and sustaining beyond yesterday trading range will be next moves confirmations.

No guessing and no speculation. Just watch sustaining beyond yesterday range(4735-4823) for next decisive moves confirmations. As and when next moves conclusions will be drawn from intraday charts formations then will be updated in Mid-session Outlooks.