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Indian Stock Markets Closing Reports(01-Feb-2012)
1- White Candle.
2- Closing above all crucial levels.
3- Positive closing after negative opening.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(01-Feb-2012): 18.66
Advances & Declines
BSE Advances : 1865
BSE Declines : 989
NSE Advances : 1031
NSE Declines : 416
Nifty Open Interest Changed Today
Nifty- 5100 CE(Feb)- -15350(-0.64%)
Nifty- 5100 PE(Feb)- +856500(+17.69%)
Nifty- 5200 CE(Feb)- -411250(-8.94%)
Nifty- 5200 PE(Feb)- +680450(+22.33%)
Nifty- 5300 CE(Feb)- +938450(+17.01%)
Nifty- 5300 PE(Feb)- +779450(+84.82%)
Closing
Nifty- closed at 5,235.70(+36.45 Points & +0.70%)
Sensex- closed at 17,300.58(+107.03 Points & +0.62% )
CNX Midcap - closed at 7,188.40(+87.85 Points & +1.24%)
BSE Smallcap- closed at 6,573.58(+110.28 Points & +1.71%)
Nifty Spot-Levels & Trading Strategy for 02-02-2012
R3 5351
R2 5297
R1 5266
Avg 5212
S1 5181
S2 5127
S3 5096
Nifty Spot-Trading Strategy
H6 5321 Trgt 2
H5 5301 Trgt 1
H4 5281 Long breakout
H3 5258 Go Short
H2 5250
H1 5242
L1 5227
L2 5219
L3 5211 Long
L4 5188 Short Breakout
L5 5168 Trgt 1
L6 5148 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 02-02-2012
R3 5389
R2 5330
R1 5296
Avg 5237
S1 5203
S2 5144
S3 5110
Nifty(Feb Fut)-Trading Strategy
H6 5356 Trgt 2
H5 5334 Trgt 1
H4 5313 Long breakout
H3 5287 Go Short
H2 5279
H1 5270
L1 5253
L2 5244
L3 5236 Long
L4 5210 Short Breakout
L5 5189 Trgt 1
L6 5167 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 02-02-2012
R3 10293
R2 10142
R1 10057
Avg 9906
S1 9821
S2 9670
S3 9585
Bank Nifty(Feb Fut)-Trading Strategy
H6 10213 Trgt 2
H5 10157 Trgt 1
H4 10101 Long breakout
H3 10036 Go Short
H2 10015
H1 9993
L1 9950
L2 9928
L3 9907 Long
L4 9842 Short Breakout
L5 9786 Trgt 1
L6 9730 Trgt 2
Pre-Closing Outlook(01-02-2012)
Nifty is trading above 5229 after lower levels supports and last formality of sustaining above confirmation is left which will be seen in the coming couple of sessions and its possibility is high.
Mid-session Outlook-4(01-02-2012)
As soon as support developed at lower levels then it was updated and sharp surge seen after opening of European markets. First 4 hours trading range broken out force fully and it is strong indication of fresh rally.Sustaining above 5217/5229 will mean blasting up moves after all trends turning up..
Mid-session Outlook-3(01-02-2012)
Down after intraday selling at higher levels but minor support at lower levels also seen after formation of new intraday trading low therefore mixed intraday trading patterns today.
Market is preparing for next moves within sideways moves and sustaining beyond today trading range(5160-5190) will be give next moves first strong indication therefore should be firstly watched.
Market is preparing for next moves within sideways moves and sustaining beyond today trading range(5160-5190) will be give next moves first strong indication therefore should be firstly watched.
Mid-session Outlook-2(01-02-2012)
Selling confirmations at higher levels therefore down moves possibility turns higher.
Mid-session Outlook(01-02-2012)
Following lines were told in Blasting Rally after sustaining above 5229
"expected that Nifty will firstly trade between 5150-5217 and prepare for next moves and follow up buying/selling within this range will give next moves first indication and sustaining it beyond will be confirmations"
Above lines should be kept in mind for final confirmation and first indication will be after sustaining beyond today achual trading range(5168-5190) and Nifty is preparing for next moves within it for the last 3 hours.
"expected that Nifty will firstly trade between 5150-5217 and prepare for next moves and follow up buying/selling within this range will give next moves first indication and sustaining it beyond will be confirmations"
Above lines should be kept in mind for final confirmation and first indication will be after sustaining beyond today achual trading range(5168-5190) and Nifty is preparing for next moves within it for the last 3 hours.
Blasting Rally after sustaining above 5229
Technical Analysis,Researches & Market Outlook
(01-02-2012)
Nifty-EOD Chart(31-Jan-2012):-
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| Just click on chart for its enlarged view |
1- Rally is continued above rising trend line.
2- Rally closing near its top yesterday.
3- Nifty near the top of Trend Reversal 120 Sessions sideways market between 4720-5229.
4- Trend Reversal Broadening Pattern at the bottom of 14 months correction and it has also given strong support at lower levels to long term correction.
Conclusions from EOD chart analysis
Nifty above 5200 yesterday but when Nifty was below 4600 since then we projected rally and up moves more than 75 times as well as showed our full confidence in Bullish formations in above EOD Chart as well as we updated following conclusions:
More than 14 months long term correction and at its bottom huge 120 sessions above mentioned two trend reversal formations and they have complete strength to reverse whole long term correction.
Today anyone can say for rally but only we told non stop daily for that Rally which was seen in January 2012. When we told for correction of this rally then also it was seen on 30-01-2012
Nifty-Micro Analysis of 5 days Intra Day Chart
(Jan 24 to Jan 31,2012)
Nifty-Intra Day Chart(Jan 24 to Jan 31,2012):-
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| Just click on chart for its enlarged view |
1- Condolidation between 5050-5155 is last 5 days
2- Selling Formations also at higher levels.
3- Mixed Patterns between 5150-5160
4- 5 Sessions trading between 5050-5217.
Conclusions from 5 days intra day chart analysis
Resistances were as follows;-
1- 5070-5098
2- 5130-5225
3- 5260-5310
4- 5340-5375
Nifty has almost covered above mentioned first 2 resistances in last 5 sessions rally with lower levels good support but higher levels selling also within it.
Conclusions (After Putting All Studies Together)
Crucial Averages are as follows:
200-Day EMA is at-5131
200-Day SMA is at-5198(Nifty faced stiff resistance 3 times earlier)
We told only for very short term correction and it was seen on Monday and Rally is on after yesterday sharp surge. As higher levels selling in last 5 days and mixed intraday patterns also seen yesterday despite fast up moves above that therefore more consolidations are required for sustaining above the top(5217) of last 5 sessions.
Sustaining above 5217/5229 will mean blast rally after:-
1- Clearing of 3 times resistance(200-Day SMA)
2- Break out of 120 sessions trading range.
Since long telling only for strong rally above 5229 after break out and its possibility is high also but short term indicators are over bought and higher levels selling also in last 5 sessions therefore more consolidation as well as cooling down of indicators are firstly required in the coming sessions.
Expected that finally strong rally will be seen above 5229 but selling above 5150 in last 5 sessions therefore expected that Nifty will firstly trade between 5150-5217 and prepare for next moves and follow up buying/selling within this range will give next moves first indication and sustaining it beyond will be confirmations.
1- Above 5217 will mean strong rally after break out
2- Below 5150 will mean firstly short term correction and then rally after its completion.
3- Correction is completed in sideways in Bull markets therefore this possibility will also be kept in mind.
FII & DII trading activity in Capital Market Segment on 31-Jan-2012
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Indian Stock Markets Closing Reports(31-Jan-2012)
1- Long White Candle
2- All the Indices closed in Green.
3- Closing near the higher levels of the day after strong recovery.
Ratios
Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(31-Jan-2012): 18.53
Advances & Declines
BSE Advances : 1821
BSE Declines : 1031
NSE Advances : 1028
NSE Declines : 416
Nifty Open Interest Changed Today
Nifty- 5000 CE(Jan)- -82950(-3.56%)
Nifty- 5000 PE(Jan)- +969550(+20.65%)
Nifty- 5100 CE(Jan)- -306200(-11.21%)
Nifty- 5100 PE(Jan)- +1218550(+32.79%)
Nifty- 5200 CE(Jan)- -119300(-2.48%)
Nifty- 5200 PE(Jan)- +1315650(+73.35%)
Closing
Nifty- closed at 5,199.25(+111.95 Points & +2.20%)
Sensex- closed at 17,193.55(+330.25 Points & +1.96% )
CNX Midcap - closed at 7,100.55(+160.80 Points & +2.32%)
BSE Smallcap- closed at 6,463.30(+89.71 Points & +1.41%)
Nifty Spot-Levels & Trading Strategy for 01-02-2012
R3 5331
R2 5273
R1 5236
Avg 5178
S1 5141
S2 5083
S3 5046
Nifty Spot-Trading Strategy
H6 5295 Trgt 2
H5 5273 Trgt 1
H4 5251 Long breakout
H3 5225 Go Short
H2 5216
H1 5207
L1 5190
L2 5181
L3 5172 Long
L4 5146 Short Breakout
L5 5124 Trgt 1
L6 5102 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 01-02-2012
Nifty(Feb Fut)-Levels
R3 5365
R2 5299
R1 5261
Avg 5195
S1 5157
S2 5091
S3 5053
Nifty(Feb Fut)-Trading Strategy
H6 5328 Trgt 2
H5 5304 Trgt 1
H4 5280 Long breakout
H3 5251 Go Short
H2 5242
H1 5232
L1 5213
L2 5203
L3 5194 Long
L4 5165 Short Breakout
L5 5141 Trgt 1
L6 5117 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 01-02-2012
R3 10444
R2 10212
R1 10082
Avg 9850
S1 9720
S2 9488
S3 9358
Bank Nifty(Feb Fut)-Trading Strategy
H6 10326 Trgt 2
H5 10238 Trgt 1
H4 10151 Long breakout
H3 10051 Go Short
H2 10018
H1 9985
L1 9918
L2 9885
L3 9852 Long
L4 9752 Short Breakout
L5 9665 Trgt 1
L6 9577 Trgt 2
Pre-Closing Outlook(31-01-2012)
Only very short term correction was expected and it has been seen yesterday. First 5 hours intraday trading between 5130-5164 and after that and its break out is indicating strong rally after yesterday correction and today consolidation. Next resistance is between 5200-5210 and its crossing will be fresh phase of strong rally confirmation as well as its possibility can not be ruled out after today lower levels good consolidations..
Post-open Outlook(31-01-2012)
Positive global cues led strong Indian markets trading between 200-Day EMA(5130) and 200-Day SMA(5201). Sustaining beyond these two averages will give following
conclusions:-
1- Sustaining above 200-Day SMA(5201) will mean continuation of correction.worst is over after Long term trend turning up.
2- Sustaining below 200-Day EMA(5130) will mean continuation of yesterday begun correction.
Strong market today and above two averages will give confirmation to Long term trend therefore 5130-5201 must be watched for long term positions and investment decisions.
conclusions:-
1- Sustaining above 200-Day SMA(5201) will mean continuation of correction.worst is over after Long term trend turning up.
2- Sustaining below 200-Day EMA(5130) will mean continuation of yesterday begun correction.
Strong market today and above two averages will give confirmation to Long term trend therefore 5130-5201 must be watched for long term positions and investment decisions.
Pre-open Outlook(31-01-2012)
Although European markets closed in Red yesterday but US markets closed flat after good recovery from intraday lower levels as well as its futures are also positive(Dow is +37) therefore Asian markets are flat to positive and sentiment is good today morning. Indian markets will open positive after pleasantly maintained sentiment and Nifty will firstly hover around 5100 and will prepare for next moves after yesterday very short term expected correction ae well as sustaining it beyond will be first indication of next moves
Follow up buying/selling today morning and sustaining beyond 5100 will give next moves first indication therefore should be firstly watched today.
Follow up buying/selling today morning and sustaining beyond 5100 will give next moves first indication therefore should be firstly watched today.
Correction Life Decider 5000-5050
Nifty-Micro Analysis of Intra Day Chart For 31-01-2012
Nifty-Intra Day Chart(30-Jan-2012):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Selling between 5147-5165
2- Whole day down moves in falling channel
3- Whole day trading between 5077-5165
Conclusions from intra day chart analysis
Very Short Term correction was told in following topics during last 3 days and sustaining below 5120 possibility was also told during trading hours. All that which was told for today market proved 100% accurate during trading hours:-
1- Very Short Term Correction is Due
2- Rally after very short term correction
Correction was due and it was seen today.Good support between 5000-5050,its testing possibility can not be ruled out as well as this range will be firstly watched for the life of on going correction.
As Nifty moved down and closed below last 3 sessions range more down moves possibility can not be ruled out as well as sustaining beyond mentioned support will be firstly watched for next moves confirmations.
Just Watch 5000-5050 for correction completion/continuation confirmations.
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