ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 17-Jan-2012
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Indian Stock Markets Closing Reports(17-Jan-2012)
1- All the Indices closed in Green.
2- Long White Candle.
3- Whole day up move but lacking force therefore confirmations are required for next moves.
Ratios
Nifty Put Call Ratio: 1.22
Nifty P/E Ratio(17-Jan-2012): 17.85
Advances & Declines
BSE Advances : 1892
BSE Declines : 991
NSE Advances : 1026
NSE Declines : 421
Nifty Open Interest Changed Today
Nifty- 4800 CE(Jan)- -626350(-16.71%)
Nifty- 4800 PE(Jan)- +831600(+13.34%)
Nifty- 4900 CE(Jan)- -757650(-13.55%)
Nifty- 4900 PE(Jan)- +2760700(+91.95%)
Nifty- 5000 CE(Jan)- +306400(+4.40%)
Nifty- 5000 PE(Jan)- +1551450(+96.22%)
Closing
Nifty- closed at 4,967.30(+93.40 Points & +1.92%)
Sensex- closed at 16,466.05(+276.69 Points & +1.71%)
CNX Midcap - closed at 6,725.30(+78.25 Points & +1.18%)
BSE Smallcap- closed at 6,258.45(+66.42 Points & +1.07%)
Nifty Spot-Levels & Trading Strategy for 18-01-2012
R3 5064
R2 5019
R1 4993
Avg 4948
S1 4922
S2 4877
S3 4851
Nifty Spot-Trading Strategy
H6 5038 Trgt 2
H5 5022 Trgt 1
H4 5006 Long breakout
H3 4986 Go Short
H2 4980
H1 4973
L1 4960
L2 4953
L3 4947 Long
L4 4927 Short Breakout
L5 4911 Trgt 1
L6 4895 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 18-01-2012
R3 5096
R2 5042
R1 5020
Avg 4966
S1 4944
S2 4890
S3 4868
Nifty(Jan Fut)-Trading Strategy
H6 5075 Trgt 2
H5 5057 Trgt 1
H4 5039 Long breakout
H3 5018 Go Short
H2 5011
H1 5004
L1 4991
L2 4984
L3 4977 Long
L4 4956 Short Breakout
L5 4938 Trgt 1
L6 4920 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 18-01-2012
R3 9285
R2 9212
R1 9145
Avg 9072
S1 9005
S2 8932
S3 8865
Bank Nifty(Jan Fut)-Trading Strategy
H6 9219 Trgt 2
H5 9187 Trgt 1
H4 9155 Long breakout
H3 9116 Go Short
H2 9103
H1 9090
L1 9065
L2 9052
L3 9039 Long
L4 9001 Short Breakout
L5 8968 Trgt 1
L6 8936 Trgt 2
Pre-Closing Outlook(17-01-2012)
Testing possibility of next resistance range 4950-4980 was told at 09:31:00 AM today and Nifty is trading between this range for the last 3 hours. Whole day up moves but without force today therefore next up moves confirmations through sustaining above 4980 is must and more consolidation is firstly required for up moves..
As up moves without force therefore sustaining beyond 4950-4980 will be firstly watched.
As up moves without force therefore sustaining beyond 4950-4980 will be firstly watched.
Rally continuation after Break out today
Post-open Outlook(17-01-2012)
All the outlooks in previous 7 days are live proofs of this fact that we told more than 15 times only for up moves and rally it has been seen after gap up opening today.
Last 4 sessions range has been broken out and resistance range of 4880-4905 has been cleared after gap up opening today. Next resistance is between 4950-4980 and expected that it will be tested now.
Rally continuation after Break Out
Nifty-Micro Analysis of Intra Day Chart For 16-01-2012
Nifty-Intra Day Chart(16-Jan-2011):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 4828-4848
2- Mixed Patterns between 4860-4880
3- Most time consolidation patterns fomations.
4- Whole day trading between 4828-4880
Nifty-Micro Analysis of 4 days Intra Day Chart(Jan 11 to Jan 16,2012)
Nifty-Intra Day Chart(Jan 11 to Jan 16,2012):-
Technical Patterns and Formations in last 4 sessions intraday charts
1- Genuine Selling between 4857-4876 before INFY results on 11-01-2012
2- Good Support at lower levels between 4808-4860
3- Mixed Patterns between 4860-4897
4- 4 Days trading between 4804-4898
Conclusions
Genuine selling between 4857-4876 before INFY results on 11-01-2012 and almost in the same range mixed intraday patterns seen in two previous sessions also. Good support also at lower levels therefore last 4 sessions trading range(4804-4898) upward break out possibility is equally high but selling at higher levels also therefore consolilation is firstly required in the coming sessions.
4 Days trading between 4804-4898 and finally break out above 4898 is expected after follow up consolidation in the coming sessions. As genuine selling on 11-01-2012 therefore consolidation is firstly must tomorrow.
Nifty-Intra Day Chart(16-Jan-2011):-
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1- Consolidation between 4828-4848
2- Mixed Patterns between 4860-4880
3- Most time consolidation patterns fomations.
4- Whole day trading between 4828-4880
Nifty-Micro Analysis of 4 days Intra Day Chart(Jan 11 to Jan 16,2012)
Nifty-Intra Day Chart(Jan 11 to Jan 16,2012):-
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1- Genuine Selling between 4857-4876 before INFY results on 11-01-2012
2- Good Support at lower levels between 4808-4860
3- Mixed Patterns between 4860-4897
4- 4 Days trading between 4804-4898
Conclusions
Genuine selling between 4857-4876 before INFY results on 11-01-2012 and almost in the same range mixed intraday patterns seen in two previous sessions also. Good support also at lower levels therefore last 4 sessions trading range(4804-4898) upward break out possibility is equally high but selling at higher levels also therefore consolilation is firstly required in the coming sessions.
4 Days trading between 4804-4898 and finally break out above 4898 is expected after follow up consolidation in the coming sessions. As genuine selling on 11-01-2012 therefore consolidation is firstly must tomorrow.
Indian Stock Markets Closing Reports(16-Jan-2012)
1- Benchmark Indices closed with minor gains.
2- White Candle.
3- Closing near the highest of the day.
Ratios
Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(16-Jan-2012): 17.53
Advances & Declines
BSE Advances : 1383
BSE Declines : 1390
NSE Advances : 662
NSE Declines : 788
Nifty Open Interest Changed Today
Nifty- 4700 CE(Jan)- -102250(-4.44%)
Nifty- 4700 PE(Jan)- +66000(+0.88%)
Nifty- 4800 CE(Jan)- +55000(+1.42%)
Nifty- 4800 PE(Jan)- +937250(+16.70%)
Nifty- 4900 CE(Jan)- +316600(+5.86%)
Nifty- 4900 PE(Jan)- +441200(+16.15%)
Closing
Nifty- closed at 4,873.90(+7.90 Points & +0.16%)
Sensex- closed at 16,189.36(+34.74 Points & +0.22% )
CNX Midcap - closed at 6,647.05(-6.50 Points & -0.10%)
BSE Smallcap- closed at 6,171.75(+87.48 Points & +1.44%)
Nifty Spot-Levels & Trading Strategy for 17-01-2012
R3 4946
R2 4913
R1 4893
Avg 4860
S1 4840
S2 4807
S3 4787
Nifty Spot-Trading Strategy
H6 4926 Trgt 2
H5 4914 Trgt 1
H4 4902 Long breakout
H3 4887 Go Short
H2 4882
H1 4877
L1 4868
L2 4863
L3 4858 Long
L4 4843 Short Breakout
L5 4831 Trgt 1
L6 4819 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 17-01-2012
R3 4979
R2 4939
R1 4915
Avg 4875
S1 4851
S2 4811
S3 4787
Nifty(Jan Fut)-Trading Strategy
H6 4955 Trgt 2
H5 4940 Trgt 1
H4 4926 Long breakout
H3 4908 Go Short
H2 4902
H1 4896
L1 4885
L2 4879
L3 4873 Long
L4 4855 Short Breakout
L5 4841 Trgt 1
L6 4826 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 17-01-2012
R3 9196
R2 9093
R1 9027
Avg 8924
S1 8858
S2 8755
S3 8689
Bank Nifty(Jan Fut)-Trading Strategy
H6 9132 Trgt 2
H5 9093 Trgt 1
H4 9053 Long breakout
H3 9007 Go Short
H2 8991
H1 8976
L1 8945
L2 8930
L3 8914 Long
L4 8868 Short Breakout
L5 8828 Trgt 1
L6 8789 Trgt 2
FII & DII trading activity in Capital Market Segment on 16-Jan-2012
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Pre-Closing Outlook(16-01-2012)
All the today markets intraday moves were updated well in advance;
1- As soon as support developed today then upward moves expectation was told and only intraday up moves were seen after our posting in Mid-session Outlook
2- Today trading range was told (4804-4898) on 14-01-2012 and Nifty traded almost whole day within it.
As today intraday patterns are showing consolidation formations therefore up moves expectations have increased today.
1- As soon as support developed today then upward moves expectation was told and only intraday up moves were seen after our posting in Mid-session Outlook
2- Today trading range was told (4804-4898) on 14-01-2012 and Nifty traded almost whole day within it.
As today intraday patterns are showing consolidation formations therefore up moves expectations have increased today.
Mid-session Outlook(16-01-2012)
Today trading range: 4828-4851
Intraday patterns today: consolidation signals.
Intraday support: 4828-4838
Next moves expectations: Upward
Intraday patterns today: consolidation signals.
Intraday support: 4828-4838
Next moves expectations: Upward
Post-open Outlook(16-01-2012)
Following lines were told 14-01-2012:-
As both higher levels selling and lower levels buying in 3 previous session therefore markets are not prepared for anyside decisive moves and will firstly trade and prepare for next moves between last 3 days trading range(4804-4898) in the beginning of next week
As all the Asian markets were weak today therefore Indian markets are trading in Red since opening today.Good consolidation was seen between 4835-4860 on 13-01-2012 and sustaining below 4835 will be strong signal of downmove.
As good support was seen between 4835-4860 on 13-01-2012 and Nifty is trading between this range since opening today therefore sustaining beyond this range should be firstly watched for next moves confirmations.
As both higher levels selling and lower levels buying in 3 previous session therefore markets are not prepared for anyside decisive moves and will firstly trade and prepare for next moves between last 3 days trading range(4804-4898) in the beginning of next week
As all the Asian markets were weak today therefore Indian markets are trading in Red since opening today.Good consolidation was seen between 4835-4860 on 13-01-2012 and sustaining below 4835 will be strong signal of downmove.
As good support was seen between 4835-4860 on 13-01-2012 and Nifty is trading between this range since opening today therefore sustaining beyond this range should be firstly watched for next moves confirmations.
Rally Continuation in next week after Consolidations
Technical Analysis,Research & Weekly Outlook
(Jan 16 to Jan 20, 2012)
Nifty-Intra Day Chart(13-Jan-2011):-
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1- Support between 4835-4860
2- Mixed Patterns between 4875-4897
3- Whole day trading between 4835-4898
Conclusions from intra day chart analysis
Good support at lower levels but mixed intraday patterns at higher levels therefore more consolidation is required for crossing and sustaining above 4900.
Nifty-EOD Chart(13-Jan-2011):-
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Technical Patterns and Formations in EOD charts
1- Pennant Formation
2- Pennant upward break out on 10-01 2011
3- Falling Trendline
4- Falling Trendline break out on 10-01 2011
5- Positive MACD
6- Doji Candle in 3 previous sessions.
7- MACD up ward intersected average line
Conclusions (After Putting All Studies Together)
Long term and Intermediate term trends are down and short term trend is up at the bottom of 14 months long Corrective Wave 'C'. 4 Sub waves of corrective Wave 'C' has been completed and 5th Sub wave was extended in 5 Waves as well as its completion signal after beginning of rally on 20-12-2011 from 4531.15.
Rally is on after lower levels consolidations and showed strengh after Pennant and Falling Trendline break out on 10-01 2011 but correction also seen after selling on 11-01 2011. Technicals of 3 previous sessions are as follows:-
1- 3 Doji Candle formation
2- Both higher levels selling and lower levels buying in 3 previous sessions.
3- 3 days sideways trading between 4804-4898.
As both higher levels selling and lower levels buying in 3 previous session therefore markets are not prepared for anyside decisive moves and will firstly trade and prepare for next moves between last 3 days trading range(4804-4898) in the beginning of next week
As multiple resistances at higher levels therefore consolidation is required before any up move and it is going on for the last 3 sessions. Expected that on going Rally will remain continued after follow up consolidation in next week.
Rally Continuation after Trend Reversal Patterns
Nifty-EOD Chart(13-Jan-2011):-
Technical Patterns and Formations in EOD charts
1- 5 Waves OF Wave A correction completed in 2008
2- 'ABC' up moves of Wave B
3- 5th Wave of Wave c is extended
4- 5th Wave of Wave c completion signals at 4531.15 on 20-12-2011
Conclusions from EOD chart analysis
As per Elliot Wave Theory:-
"The bottom of wave 4 should not dip below the top of wave 1 of the same degree,at least on a closing price level"
Top of wave 1 was at 4693 and Nifty closed below it 5 days therefore wave 1 validity is doubtful therefore recalculation of waves on long charts is required. It has been concluded that correction of 11 years rally begun in Jan 2008 and Corrective Wave 'C' is on at present.
Short term up moves commenced within it from 21-12-2011 but Wave 'C' termination confirmation is required yet. Indian markets remained sideways for 10 years(1992-2001) and after that more than 6 years rally was seen therefore market will take its own time in consolidation and after that fresh strong rally will be seen to form new highs.
Latest bottom is at 4531.15 and if Nifty sustains above it then Fresh rally wil be considered after crossing of crucial resistances and up trend deciding levels.
Nifty-EOD Chart(13-Jan-2011):-
As following developments therefore hopes of fresh rally are alive from 4531.15:-
1- 13 is a Fibonacci number and on going up move started in Dec 2011 which is 13th month of Wave 'C' correction.
2- Trend Reversal Broadening Pattern at the bottom of 13 months correction is still intact
3- 109 Sessions sideways market between 4720-5229 and its break out will mean beginning of strong moves..
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1- 5 Waves OF Wave A correction completed in 2008
2- 'ABC' up moves of Wave B
3- 5th Wave of Wave c is extended
4- 5th Wave of Wave c completion signals at 4531.15 on 20-12-2011
Conclusions from EOD chart analysis
As per Elliot Wave Theory:-
"The bottom of wave 4 should not dip below the top of wave 1 of the same degree,at least on a closing price level"
Top of wave 1 was at 4693 and Nifty closed below it 5 days therefore wave 1 validity is doubtful therefore recalculation of waves on long charts is required. It has been concluded that correction of 11 years rally begun in Jan 2008 and Corrective Wave 'C' is on at present.
Short term up moves commenced within it from 21-12-2011 but Wave 'C' termination confirmation is required yet. Indian markets remained sideways for 10 years(1992-2001) and after that more than 6 years rally was seen therefore market will take its own time in consolidation and after that fresh strong rally will be seen to form new highs.
Latest bottom is at 4531.15 and if Nifty sustains above it then Fresh rally wil be considered after crossing of crucial resistances and up trend deciding levels.
Nifty-EOD Chart(13-Jan-2011):-
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1- 13 is a Fibonacci number and on going up move started in Dec 2011 which is 13th month of Wave 'C' correction.
2- Trend Reversal Broadening Pattern at the bottom of 13 months correction is still intact
3- 109 Sessions sideways market between 4720-5229 and its break out will mean beginning of strong moves..
15 Years Waves Structure in Long Charts
Nifty-Monthly Chart(13-Jan-2011):-
Technical Patterns and Formations in Monthly charts
1- Upward Trend in long chart is intact
2- Wave C is on termination confirmation is required yet
Waves Structure of 15 years as follows:-
775.45 on 31-12-1996
Wave 1- 1818.15 on 29-02-2000
Wave 2- 849.95 on 28-09-2001
Wave 3- 3774.15 on 31-05-2006
Wave 4- 2595.65 on 30-06-2006
Wave 5- 6357.10 on 31-01-2008
Wave A- 2252.75 on 31-10-2008
Wave B- 6338.50 on 30-11-2010
Wave C- 4531.15 on 30-12-2011(termination confirmation is required yet)
Conclusions from Monthly chart analysis
Indian markets are Bullish in Long Charts and correcting since Jan 2008 after 11 years rally. Corrective Wave 'C' is on and short term up moves begun within it from Dec 2011 but Wave 'C' termination confirmation is required yet.
As market is well above rising trendline therefore up trend in Indian markets is vert much intact and expected that strong rally will be seen after the completion of Wave 'C'.
Fibonacci Retracement Levels of Wave 'B' are as follows(6338-2252):-
13.0%- 5806
23.6%- 5373
27.0%- 5234
38.2%- 4777
50.0%- 4295
61.8%- 3812
70.7%- 3449
76.4%- 3216
78.6%- 3126
88.6%- 2717
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1- Upward Trend in long chart is intact
2- Wave C is on termination confirmation is required yet
Waves Structure of 15 years as follows:-
775.45 on 31-12-1996
Wave 1- 1818.15 on 29-02-2000
Wave 2- 849.95 on 28-09-2001
Wave 3- 3774.15 on 31-05-2006
Wave 4- 2595.65 on 30-06-2006
Wave 5- 6357.10 on 31-01-2008
Wave A- 2252.75 on 31-10-2008
Wave B- 6338.50 on 30-11-2010
Wave C- 4531.15 on 30-12-2011(termination confirmation is required yet)
Conclusions from Monthly chart analysis
Indian markets are Bullish in Long Charts and correcting since Jan 2008 after 11 years rally. Corrective Wave 'C' is on and short term up moves begun within it from Dec 2011 but Wave 'C' termination confirmation is required yet.
As market is well above rising trendline therefore up trend in Indian markets is vert much intact and expected that strong rally will be seen after the completion of Wave 'C'.
Fibonacci Retracement Levels of Wave 'B' are as follows(6338-2252):-
13.0%- 5806
23.6%- 5373
27.0%- 5234
38.2%- 4777
50.0%- 4295
61.8%- 3812
70.7%- 3449
76.4%- 3216
78.6%- 3126
88.6%- 2717
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