As all the Asian markets were weak therefore Indian markets are trading in Red since opening but minor intraday support also seen between 4692-4717 today.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Pre-open Outlook(28-12-2011)
US markets lost all intraday gains and closed flat as well as all the Asian markets are in Red therefore sentiment is weak and negative opening will be seen in Indian markets. Nifty will firstly trade between 4700-4750 and finally sustaining below 4732 will be more down moves confirmation.
Rally continuation hopes alive despite Red Closing today
Nifty-Micro Analysis of Intra Day Chart For 28-12-2011
Nifty-Intra Day Chart(27-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Trading within Yesterday Trading Range(4758-4787) and both sides break out.
2- Down moves in Falling Channel with both sides break out.
3- Intraday Support at lower level between 4732-4747
4- Whole day trading between 4732-4800
Conclusions from intra day chart analysis
Following 2 consolidation signals;-
1- Down moves in Falling Channel
2- Intraday Support at lower level
Nifty traded most time within last two sessions between 4732-4800 with consolidation signals but today intraday slipping from higher levels and closing little above intraday lower levels also seen today therefore seems that today more than 4 hours down moves are giving correction indication of last 4 sessions upmoves.
For precaution sustaining beyond following levels will be kept in mind;-
1- Firstly Yesterday Trading Range(4758-4787) because Nifty traded and most time hovered around this range in last 2 sessions.
2- Today trading Range (4732-4800) because market reversed from intraday tops and bottoms of this range.
Today down moves and no clear intraday selling pattern but consolidation indications also therefore continuation hopes of previous week begun rally is alive. Although may slip little more but expected that finally on going rally will remin continued in the coming sessions after some more consolidation.
Nifty-Intra Day Chart(27-dec-2011):-
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| Just click on chart for its enlarged view |
1- Trading within Yesterday Trading Range(4758-4787) and both sides break out.
2- Down moves in Falling Channel with both sides break out.
3- Intraday Support at lower level between 4732-4747
4- Whole day trading between 4732-4800
Conclusions from intra day chart analysis
Following 2 consolidation signals;-
1- Down moves in Falling Channel
2- Intraday Support at lower level
Nifty traded most time within last two sessions between 4732-4800 with consolidation signals but today intraday slipping from higher levels and closing little above intraday lower levels also seen today therefore seems that today more than 4 hours down moves are giving correction indication of last 4 sessions upmoves.
For precaution sustaining beyond following levels will be kept in mind;-
1- Firstly Yesterday Trading Range(4758-4787) because Nifty traded and most time hovered around this range in last 2 sessions.
2- Today trading Range (4732-4800) because market reversed from intraday tops and bottoms of this range.
Today down moves and no clear intraday selling pattern but consolidation indications also therefore continuation hopes of previous week begun rally is alive. Although may slip little more but expected that finally on going rally will remin continued in the coming sessions after some more consolidation.
FII & DII trading activity in Capital Market Segment on 27-Dec-2011
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Indian Stock Markets Closing Reports(27-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Red but with marginal loss.
2- Black Candle.
3- Most of the time sideways volatile market within yesterday trading range.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(27-Dec-2011): 17.20
Advances & Declines
BSE ADVANCES : 1188
BSE DECLINES : 1502
NSE ADVANCES : 577
NSE DECLINES : 842
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +452000(+12.34%)
Nifty- 4700 PE(Dec)- -100600(-1.51%)
Nifty- 4800 CE(Dec)- +586900(+8.95%)
Nifty- 4800 PE(Dec)- -195150(-3.80%)
Closing
Nifty- closed at 4,750.50(-28.50 Points & -0.60%)
Sensex- closed at 15,873.95(-96.80 Points & -0.61%)
CNX MIDCAP - closed at 6,188.35(-46.65 Points & -0.75%)
BSE SMALL CAP- closed at 5,650.02(-19.96 Points & -0.35%)
1- All the Indices closed in Red but with marginal loss.
2- Black Candle.
3- Most of the time sideways volatile market within yesterday trading range.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(27-Dec-2011): 17.20
Advances & Declines
BSE ADVANCES : 1188
BSE DECLINES : 1502
NSE ADVANCES : 577
NSE DECLINES : 842
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +452000(+12.34%)
Nifty- 4700 PE(Dec)- -100600(-1.51%)
Nifty- 4800 CE(Dec)- +586900(+8.95%)
Nifty- 4800 PE(Dec)- -195150(-3.80%)
Closing
Nifty- closed at 4,750.50(-28.50 Points & -0.60%)
Sensex- closed at 15,873.95(-96.80 Points & -0.61%)
CNX MIDCAP - closed at 6,188.35(-46.65 Points & -0.75%)
BSE SMALL CAP- closed at 5,650.02(-19.96 Points & -0.35%)
Nifty Spot-Levels & Trading Strategy for 28-12-2011
Nifty Spot-Levels
R3 4869
R2 4834
R1 4792
Avg 4757
S1 4715
S2 4680
S3 4638
Nifty Spot-Trading Strategy
H6 4827 Trgt 2
H5 4809 Trgt 1
H4 4792 Long breakout
H3 4771 Go Short
H2 4764
H1 4757
L1 4742
L2 4735
L3 4728 Long
L4 4707 Short Breakout
L5 4690 Trgt 1
L6 4672 Trgt 2
R3 4869
R2 4834
R1 4792
Avg 4757
S1 4715
S2 4680
S3 4638
Nifty Spot-Trading Strategy
H6 4827 Trgt 2
H5 4809 Trgt 1
H4 4792 Long breakout
H3 4771 Go Short
H2 4764
H1 4757
L1 4742
L2 4735
L3 4728 Long
L4 4707 Short Breakout
L5 4690 Trgt 1
L6 4672 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 28-12-2011
Nifty(Dec Fut)-Levels
R3 4880
R2 4844
R1 4797
Avg 4761
S1 4714
S2 4678
S3 4631
Nifty(Dec Fut)-Trading Strategy
H6 4833 Trgt 2
H5 4814 Trgt 1
H4 4795 Long breakout
H3 4772 Go Short
H2 4765
H1 4757
L1 4742
L2 4734
L3 4727 Long
L4 4704 Short Breakout
L5 4685 Trgt 1
L6 4666 Trgt 2
R3 4880
R2 4844
R1 4797
Avg 4761
S1 4714
S2 4678
S3 4631
Nifty(Dec Fut)-Trading Strategy
H6 4833 Trgt 2
H5 4814 Trgt 1
H4 4795 Long breakout
H3 4772 Go Short
H2 4765
H1 4757
L1 4742
L2 4734
L3 4727 Long
L4 4704 Short Breakout
L5 4685 Trgt 1
L6 4666 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 28-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8508
R2 8438
R1 8356
Avg 8286
S1 8204
S2 8134
S3 8052
Bank Nifty(Dec Fut)-Trading Strategy
H6 8428 Trgt 2
H5 8393 Trgt 1
H4 8358 Long breakout
H3 8316 Go Short
H2 8302
H1 8288
L1 8261
L2 8247
L3 8233 Long
L4 8191 Short Breakout
L5 8156 Trgt 1
L6 8121 Trgt 2
R3 8508
R2 8438
R1 8356
Avg 8286
S1 8204
S2 8134
S3 8052
Bank Nifty(Dec Fut)-Trading Strategy
H6 8428 Trgt 2
H5 8393 Trgt 1
H4 8358 Long breakout
H3 8316 Go Short
H2 8302
H1 8288
L1 8261
L2 8247
L3 8233 Long
L4 8191 Short Breakout
L5 8156 Trgt 1
L6 8121 Trgt 2
Pre-closing Report(27-12-2011)
More than 9 hours sideways market between 29 points range(4758-4787) with both side break out but down side break out was with good force therefore down moves possibilities have been increased. As volatile markets therefore finally sustaining beyond 5758 will give confimation and will be watched tomorrow.
Mid-session Outlook-2(27-12-2011)
No guessing and nothing adding from our side and whatsoever market tells us,we update only all that in our Outlooks.
As market was not prepared for any side decisive move and was preparing for decisive moves therefore we gave only 29 points trading range(4758-4787) as well as told for confirmations through sustaining beyond mentioned range and same view was repeated also after moving above 4787.
Nifty traded most of the time within mentioned range(4758-4787) and taking positions for next moves within this range as well as finally sustaining beyond will be next trend confirmations.
As market was not prepared for any side decisive move and was preparing for decisive moves therefore we gave only 29 points trading range(4758-4787) as well as told for confirmations through sustaining beyond mentioned range and same view was repeated also after moving above 4787.
Nifty traded most of the time within mentioned range(4758-4787) and taking positions for next moves within this range as well as finally sustaining beyond will be next trend confirmations.
Mid-session Outlook(27-12-2011)
Following line was told yesterday in Firstly Watch Sustaining beyond Mentioned Range for Confirmations:-
As minor consolidation patterns signals also seen within 29 points range today therefore upward break out is expected also.
Upward break out seen on expected lines and Nifty tested 4800 today.
Firstly sustaining above 4787 and then yesterday told followng lines should be kept in mind for next decisive up moves confirmations:-
4 Sessions Pull Back Rally and that will gain strength after sustaining above minimum 1st resistance(4780-4838) and then Short term trend will be up.
As minor consolidation patterns signals also seen within 29 points range today therefore upward break out is expected also.
Upward break out seen on expected lines and Nifty tested 4800 today.
Firstly sustaining above 4787 and then yesterday told followng lines should be kept in mind for next decisive up moves confirmations:-
4 Sessions Pull Back Rally and that will gain strength after sustaining above minimum 1st resistance(4780-4838) and then Short term trend will be up.
Post-open Outlook(27-12-2011)
As Indian markets were not prepared for any decisive moves therefore following line was told yesterday in Firstly Watch Sustaining beyond Mentioned Range for Confirmations:-
Sustaining beyond mentioned range(4758-4787) will be firstly watched tomorrow for next immediate moves confirmations.
Nifty is trading within this small 29 points range since opening today and view is same which was updated yesterday.
Sustaining beyond mentioned range(4758-4787) will be firstly watched tomorrow for next immediate moves confirmations.
Nifty is trading within this small 29 points range since opening today and view is same which was updated yesterday.
Firstly Watch Sustaining beyond Mentioned Range for Confirmations
Nifty-Micro Analysis of Intra Day Chart For 27-12-2011
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| Just click on chart for its enlarged view |
1- Firstly 60 points up in 1st hour.
2- Last 5 hours trading with mixed intraday patterns between 4758-4787
3- Whole day trading between 4727-4787
Conclusions from intra day chart analysis
Firstly 60 points up in 1st hour and then last more than 5 hours trading with mixed intraday patterns between 4758-4787 therefore no clear confirmation from intraday charts formations today. Break out and sustaining beyond today last 5 hours range will be next immediate move confirmation and first of all that will be watched tomorrow.
4 Sessions Pull Back Rally and that will gain strength after sustaining above minimum 1st resistance(4780-4838) and then Short term trend will be up.
As last Thursday minor intraday correction was concluded and last Friday rally continuation got confirmation and that was clearly projected same day but no such conclusion today therefore no guessing and nothing adding from our side and follwoing conclusions are being given:-
Mixed intraday patterns in last 5 hours therefore finally confirmation will be sustaining beyond 4758-4787. As minor consolidation patterns signals also seen within 29 points range today therefore upward break out is expected also.
Sustaining beyond mentioned range(4758-4787) will be firstly watched tomorrow for next immediate moves confirmations.
FII & DII trading activity in Capital Market Segment on 26-Dec-2011
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Indian Stock Markets Closing Reports(26-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Green.
2- Long White Candle.
3- More than 5 ohurs sideways trading and its break out will give strong moves.
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(26-Dec-2011): 17.31
Advances & Declines
BSE ADVANCES : 1726
BSE DECLINES : 996
NSE ADVANCES : 958
NSE DECLINES : 470
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- -605500(-13.80%)
Nifty- 4700 PE(Dec)- +1512250(+28.26%)
Nifty- 4800 CE(Dec)- +923750(+15.41%)
Nifty- 4800 PE(Dec)- +1632800(+45.31%)
Closing
Nifty- closed at 4,779(+65 Points & +1.38%)
Sensex- closed at 15,970.75(+232.05 Points & +1.47% )
CNX MIDCAP - closed at 6,235(+47.35 Points & +0.77%)
BSE SMALL CAP- closed at 5,674.83(+59.93 Points & +1.07%)
1- All the Indices closed in Green.
2- Long White Candle.
3- More than 5 ohurs sideways trading and its break out will give strong moves.
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(26-Dec-2011): 17.31
Advances & Declines
BSE ADVANCES : 1726
BSE DECLINES : 996
NSE ADVANCES : 958
NSE DECLINES : 470
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- -605500(-13.80%)
Nifty- 4700 PE(Dec)- +1512250(+28.26%)
Nifty- 4800 CE(Dec)- +923750(+15.41%)
Nifty- 4800 PE(Dec)- +1632800(+45.31%)
Closing
Nifty- closed at 4,779(+65 Points & +1.38%)
Sensex- closed at 15,970.75(+232.05 Points & +1.47% )
CNX MIDCAP - closed at 6,235(+47.35 Points & +0.77%)
BSE SMALL CAP- closed at 5,674.83(+59.93 Points & +1.07%)
Nifty Spot-Levels & Trading Strategy for 27-12-2011
Nifty Spot-Levels
R3 4873
R2 4830
R1 4804
Avg 4761
S1 4735
S2 4692
S3 4666
Nifty Spot-Trading Strategy
H6 4848 Trgt 2
H5 4832 Trgt 1
H4 4816 Long breakout
H3 4797 Go Short
H2 4791
H1 4785
L1 4772
L2 4766
L3 4760 Long
L4 4741 Short Breakout
L5 4725 Trgt 1
L6 4709 Trgt 2
R3 4873
R2 4830
R1 4804
Avg 4761
S1 4735
S2 4692
S3 4666
Nifty Spot-Trading Strategy
H6 4848 Trgt 2
H5 4832 Trgt 1
H4 4816 Long breakout
H3 4797 Go Short
H2 4791
H1 4785
L1 4772
L2 4766
L3 4760 Long
L4 4741 Short Breakout
L5 4725 Trgt 1
L6 4709 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 27-12-2011
Nifty(Dec Fut)-Levels
R3 4903
R2 4853
R1 4820
Avg 4770
S1 4737
S2 4687
S3 4654
Nifty(Dec Fut)-Trading Strategy
H6 4871 Trgt 2
H5 4851 Trgt 1
H4 4832 Long breakout
H3 4809 Go Short
H2 4802
H1 4794
L1 4779
L2 4771
L3 4764 Long
L4 4741 Short Breakout
L5 4722 Trgt 1
L6 4702 Trgt 2
R3 4903
R2 4853
R1 4820
Avg 4770
S1 4737
S2 4687
S3 4654
Nifty(Dec Fut)-Trading Strategy
H6 4871 Trgt 2
H5 4851 Trgt 1
H4 4832 Long breakout
H3 4809 Go Short
H2 4802
H1 4794
L1 4779
L2 4771
L3 4764 Long
L4 4741 Short Breakout
L5 4722 Trgt 1
L6 4702 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 27-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8606
R2 8520
R1 8452
Avg 8366
S1 8298
S2 8212
S3 8144
Bank Nifty(Dec Fut)-Trading Strategy
H6 8540 Trgt 2
H5 8505 Trgt 1
H4 8469 Long breakout
H3 8427 Go Short
H2 8413
H1 8399
L1 8370
L2 8356
L3 8342 Long
L4 8300 Short Breakout
L5 8264 Trgt 1
L6 8229 Trgt 2
R3 8606
R2 8520
R1 8452
Avg 8366
S1 8298
S2 8212
S3 8144
Bank Nifty(Dec Fut)-Trading Strategy
H6 8540 Trgt 2
H5 8505 Trgt 1
H4 8469 Long breakout
H3 8427 Go Short
H2 8413
H1 8399
L1 8370
L2 8356
L3 8342 Long
L4 8300 Short Breakout
L5 8264 Trgt 1
L6 8229 Trgt 2
Pre-Closing Outlook(26-12-2011)
As last more than 5 hours trading with mixed intraday patterns between 4758-4787 therefore break out and sustaining beyond this range will be next immediate move confirmation and first of all will be watched because intraday patterns within this 29 points range have not shown clear indications yet.
As consolidation patterns minor signals therefore upward break out is expected and mentioned range(4758-4787) break out will be next moves confirmations.
As consolidation patterns minor signals therefore upward break out is expected and mentioned range(4758-4787) break out will be next moves confirmations.
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