ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Very short term correction possibility turning Higher
Nifty-Micro Analysis of Intra Day Chart For 22-02-2012
Nifty-Intra Day Chart(21-Feb-2012):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Intraday patterns are showing consolidations formations today.
2- Whole day without force upmoves.
3- Both rising channels broken down.
3- Whole day trading between 5582-5620
Conclusions from intra day chart analysis
Although intraday patterns are showing consolidations formations but without force upmoves and on the back of positive news of Greece bailout Package approval therefore selling possibility can not be ruled out today.
More than 4 Hours selling between 5588-5605 on 17-02-2012 and most of time trading between this range with selling signals today also therefore very short term correction possibility is still alive despite more than .75% positive closing today.
Although slipping below 5582 as well as more down moves possibility can not be ruled out but sustaining beyond 5582-5620 will be firstly watched tomorrow for next moves confirmations.
FII & DII trading activity in Capital Market Segment on 21-Feb-2012
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Indian Stock Markets Closing Reports(21-Feb-2012)
Main features of today trading are as follows
1- Positive news of Greek bailout Package approval led whole day up moves.
2- All the Indices closed in Green except IT.
3- White Candle.
Ratios
Nifty Put Call Ratio:1.30
Nifty P/E Ratio(21-Feb-2012): 19.64
Advances & Declines
BSE Advances : 1676
BSE Declines : 1307
NSE Advances : 882
NSE Declines : 592
Nifty Open Interest Changed Today
Nifty- 5500 CE(Feb)- -839900(-19.29%)
Nifty- 5500 PE(Feb)- +272500(+4.35%)
Nifty- 5600 CE(Feb)- -45550(-0.79%)
Nifty- 5600 PE(Feb)- +1201050(+25%)
Nifty- 5700 CE(Feb)- +721950(+17.08%)
Nifty- 5700 PE(Feb)- +316850(+57.14%)
Closing
Nifty- closed at 5,607.15(+42.85 Points & +0.77%)
Sensex- closed at 18,428.61(+139.26 Points & +0.76% )
CNX Midcap - closed at 7,980.85(+55.70 Points & +0.70%)
BSE Smallcap- closed at 7,202.12(+85.63 Points & +1.20%)
1- Positive news of Greek bailout Package approval led whole day up moves.
2- All the Indices closed in Green except IT.
3- White Candle.
Ratios
Nifty Put Call Ratio:1.30
Nifty P/E Ratio(21-Feb-2012): 19.64
Advances & Declines
BSE Advances : 1676
BSE Declines : 1307
NSE Advances : 882
NSE Declines : 592
Nifty Open Interest Changed Today
Nifty- 5500 CE(Feb)- -839900(-19.29%)
Nifty- 5500 PE(Feb)- +272500(+4.35%)
Nifty- 5600 CE(Feb)- -45550(-0.79%)
Nifty- 5600 PE(Feb)- +1201050(+25%)
Nifty- 5700 CE(Feb)- +721950(+17.08%)
Nifty- 5700 PE(Feb)- +316850(+57.14%)
Closing
Nifty- closed at 5,607.15(+42.85 Points & +0.77%)
Sensex- closed at 18,428.61(+139.26 Points & +0.76% )
CNX Midcap - closed at 7,980.85(+55.70 Points & +0.70%)
BSE Smallcap- closed at 7,202.12(+85.63 Points & +1.20%)
Nifty Spot-Levels & Trading Strategy for 22-02-2012
Nifty Spot-Levels
R3 5691
R2 5656
R1 5631
Avg 5596
S1 5571
S2 5536
S3 5511
Nifty Spot-Trading Strategy
H6 5667 Trgt 2
H5 5653 Trgt 1
H4 5640 Long breakout
H3 5623 Go Short
H2 5618
H1 5612
L1 5601
L2 5596
L3 5590 Long
L4 5574 Short Breakout
L5 5560 Trgt 1
L6 5546 Trgt 2
R3 5691
R2 5656
R1 5631
Avg 5596
S1 5571
S2 5536
S3 5511
Nifty Spot-Trading Strategy
H6 5667 Trgt 2
H5 5653 Trgt 1
H4 5640 Long breakout
H3 5623 Go Short
H2 5618
H1 5612
L1 5601
L2 5596
L3 5590 Long
L4 5574 Short Breakout
L5 5560 Trgt 1
L6 5546 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 22-02-2012
Nifty(Feb Fut)-Levels
R3 5712
R2 5673
R1 5647
Avg 5608
S1 5582
S2 5543
S3 5517
Nifty(Feb Fut)-Trading Strategy
H6 5687 Trgt 2
H5 5672 Trgt 1
H4 5657 Long breakout
H3 5639 Go Short
H2 5633
H1 5627
L1 5616
L2 5610
L3 5604 Long
L4 5586 Short Breakout
L5 5571 Trgt 1
L6 5556 Trgt 2
R3 5712
R2 5673
R1 5647
Avg 5608
S1 5582
S2 5543
S3 5517
Nifty(Feb Fut)-Trading Strategy
H6 5687 Trgt 2
H5 5672 Trgt 1
H4 5657 Long breakout
H3 5639 Go Short
H2 5633
H1 5627
L1 5616
L2 5610
L3 5604 Long
L4 5586 Short Breakout
L5 5571 Trgt 1
L6 5556 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 22-02-2012
Bank Nifty(Feb Fut)-Levels
R3 11445
R2 11344
R1 11273
Avg 11172
S1 11101
S2 11000
S3 10929
Bank Nifty(Feb Fut)-Trading Strategy
H6 11376 Trgt 2
H5 11336 Trgt 1
H4 11296 Long breakout
H3 11249 Go Short
H2 11233
H1 11217
L1 11186
L2 11170
L3 11154 Long
L4 11107 Short Breakout
L5 11067 Trgt 1
L6 11027 Trgt 2
R3 11445
R2 11344
R1 11273
Avg 11172
S1 11101
S2 11000
S3 10929
Bank Nifty(Feb Fut)-Trading Strategy
H6 11376 Trgt 2
H5 11336 Trgt 1
H4 11296 Long breakout
H3 11249 Go Short
H2 11233
H1 11217
L1 11186
L2 11170
L3 11154 Long
L4 11107 Short Breakout
L5 11067 Trgt 1
L6 11027 Trgt 2
Pre-Closing Outlook(21-02-2012)
Nifty traded between 5546-5605 with intraday selling between 5588-5605 last Friday and Nifty traded most time within this range after positive news of Greek bailout Package approval by Euro zone finance ministers.
Whole day intraday patterns are showing consolidation but upmoves are lacking force and on the back of above mentioned positive news also therefore next upmoves are requiring confirmations through sustaining above last Friday selling range(5588-5605)
Next immediate up moves confirmation will be sustaining above 5605 therefore will be firstly watched tomorrow for next rally confirmations.
Whole day intraday patterns are showing consolidation but upmoves are lacking force and on the back of above mentioned positive news also therefore next upmoves are requiring confirmations through sustaining above last Friday selling range(5588-5605)
Next immediate up moves confirmation will be sustaining above 5605 therefore will be firstly watched tomorrow for next rally confirmations.
Eurozone approves second Greek bailout Package
Euro zone finance ministers sealed a second bailout for debt-laden Greece that will resolve its immediate financing needs but seems unlikely to revive the nation's shattered economy.
After a marathon 13 hours of talks, euro zone officials said ministers had nailed measures to cut Greece's debt to around 121 percent of gross domestic product by 2020, close to their original target of 120, after negotiators for private bondholders offered to accept a bigger loss to help plug the funding gap.
"The financial volume (of the Greek package) is 130 billion euros and debt-to-GDP (will be) 121 percent. Now it's down to work on the statement," one official involved in the negotiations told Reuters. Another confirmed the two figures.
The euro jumped almost half a cent, reversing earlier losses, after Reuters reported a deal had been struck.
Indian markets positive zone trading today morning on the back of above positive news. Next moves confirmation range has already been updated in Post-open Outlook(21-02-2012)
Post-open Outlook(21-02-2012)
As positive news is expected from Europe on Greece therefore volatility in Dow's futures and Asian markets and Indian markets are positive since opening today. Good selling seen between 5588-5605 last Friday therefore very short term correction and down moves are expected in Indian markets and until Nifty will not sustain above 5605 till then next rally will not be considered.
As good news is expected today therefore sustaining beyond 5546-5605 will be firstly watched because Nifty traded with higher levels selling and lower levels mixed patterns within this range last Friday and this range break out will be next moves confirmation.
As good news is expected today therefore sustaining beyond 5546-5605 will be firstly watched because Nifty traded with higher levels selling and lower levels mixed patterns within this range last Friday and this range break out will be next moves confirmation.
NIFTY-Feb F&O-1st Shorting of 17-02-2012-Covering
NIFTY Feb F & O(Shorted on 17-02-2012)-Cover immediately-CMP-5605(Lalit39)
Pre-open Outlook(21-02-2012)
US markets were closed yesterday but Dow's futures was more than 60 points up whole day yesterday therefore all European markets and some Asian markets closed with good gains yesterday. Greece package news led high volatility in Dow's futures and in all the Asian markets today morning and Asian markets recovered from intraday lower levels in lines with up moves in Dow's futures
Global cues led intraday volatility may be seen in Indian markets also but good selling seen between 5588-5605 last Friday therefore very short term correction and down moves are expected in Indian markets and until Nifty will not sustain above 5605 till then next rally will not be considered.
Global cues led intraday volatility may be seen in Indian markets also but good selling seen between 5588-5605 last Friday therefore very short term correction and down moves are expected in Indian markets and until Nifty will not sustain above 5605 till then next rally will not be considered.
Firstly Correction & then Crossing of next Resistances(5600-5700)
Technical Analysis,Research & Weekly Outlook (Feb 21 to Feb 24,2012)
Technical Analysis and Research of EOD and Intra Day Charts,Technical Positions,next possibilities have already been explained in following topics with 4 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in next week:-
1- Slipping below 5500 expected
2- 4 Strong Base Formations & Supports before 2012 Rally
3- Fibonacci Retracement Levels(6338-4532)
4- 3 Crucial Resistances & 4 Crucial Supports
All trends are up after 20-12-2011 strong rally and Nifty tested next resistance range(5600-5700) on 17-02-2012. Nifty has surged 1075 in very short period therefore all the daily indicators are overbought and some are showing negative divergence also therefore minimum Very Short Term correction is technically due now.
Running Bullish rally is on and its characters are as follows:-
1- Market firstly require intraday selling patterns and then follow up selling as well as complete distribution patterns minimum on Daily charts then Short term correction will be seen.
2- One day intraday selling and intraday distribution patterns may result only intraday correction or very short term minor correction if follow up selling develops in the coming sessions.
3- Running Bullish markets complete its corrections in sideways moves and correction is completed at higher levels consolidation also.
Indian markets slipped from intraday higher levels on 17-12-2011 after higher levels intraday good selling and follow up selling on next trading day will mean eruption of above mentioned 3 types of correction in the next week.
As Indian markets have to cross next resistances between 5600-5700 and sentiment is boiling therefore minimum very short term correction is expected in the beginning of next week for cooling down of sentiment as well as in the process of preparation for crossing of next resistance. As last two sessions intraday selling patterns therefore very short term correction is very much possible in the beginning of next week.
Finally rally is expected after completion of possible very short term correction in next week.
Technical Analysis and Research of EOD and Intra Day Charts,Technical Positions,next possibilities have already been explained in following topics with 4 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in next week:-
1- Slipping below 5500 expected
2- 4 Strong Base Formations & Supports before 2012 Rally
3- Fibonacci Retracement Levels(6338-4532)
4- 3 Crucial Resistances & 4 Crucial Supports
Conclusions (After Putting All Studies Together)
All trends are up after 20-12-2011 strong rally and Nifty tested next resistance range(5600-5700) on 17-02-2012. Nifty has surged 1075 in very short period therefore all the daily indicators are overbought and some are showing negative divergence also therefore minimum Very Short Term correction is technically due now.
Running Bullish rally is on and its characters are as follows:-
1- Market firstly require intraday selling patterns and then follow up selling as well as complete distribution patterns minimum on Daily charts then Short term correction will be seen.
2- One day intraday selling and intraday distribution patterns may result only intraday correction or very short term minor correction if follow up selling develops in the coming sessions.
3- Running Bullish markets complete its corrections in sideways moves and correction is completed at higher levels consolidation also.
Indian markets slipped from intraday higher levels on 17-12-2011 after higher levels intraday good selling and follow up selling on next trading day will mean eruption of above mentioned 3 types of correction in the next week.
As Indian markets have to cross next resistances between 5600-5700 and sentiment is boiling therefore minimum very short term correction is expected in the beginning of next week for cooling down of sentiment as well as in the process of preparation for crossing of next resistance. As last two sessions intraday selling patterns therefore very short term correction is very much possible in the beginning of next week.
Finally rally is expected after completion of possible very short term correction in next week.
Slipping below 5500 expected
Nifty-Intra Day Chart(17-Feb-2012):-
1- 4 Hours 45 Minutes selling between 5588-5605
2- Last more than 1 hour mixed intraday patterns between 5546-5573
3- Whole day trading between 5546-5605
Good selling at higher levels on 17-02-2012 on the back of strong global cues and except this higher levels intrady selling was seen on 16-02-2012 also therefore down moves possibilities in the coming sessions have turned higher and expected that Nifty will slip below 5500 in the coming sessions.
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- 4 Hours 45 Minutes selling between 5588-5605
2- Last more than 1 hour mixed intraday patterns between 5546-5573
3- Whole day trading between 5546-5605
Conclusions from intra day chart analysis
Good selling at higher levels on 17-02-2012 on the back of strong global cues and except this higher levels intrady selling was seen on 16-02-2012 also therefore down moves possibilities in the coming sessions have turned higher and expected that Nifty will slip below 5500 in the coming sessions.
4 Strong Base Formations & Supports before 2012 Rally
Nifty-EOD Chart(17-Feb-2012):-
1- More than 13 months corrective wave and reversal in 13th Fibonacci number month.
2- Strong base formation in 122 Sessions side ways market between 4720-5229
3- Trend Reversal Broadening Pattern at the bottom of 13 months correction .
4- Bullish 'W' formation in 122 sessions sideways market
As above mentioned 4 base formation therefore 1075 Nifty points forceful strong rally was seen after 20-12-2011. All trends are up Now and continuation of rally is expected. 1st impulsive Wave of rally is on and that whole Bullish story will be written in 2012 about which we told in following topic on 02-12 2011:-
We told exactly following lines in above topic. Just click above topic Link and verify on yours own:-
1- Fast rally toward all time high
2- New all time highs in 2012
3- Those higher levels which were considered in Jan 2008 and Jan 2011.
Although tough to accept above mentioned possibilities at this moment amid most bearish and uncertain global sentiments but we are seeing high possibility of new historical highs in 2012 because Indian markets are reversing after completion of long term correction also.
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in EOD charts
1- More than 13 months corrective wave and reversal in 13th Fibonacci number month.
2- Strong base formation in 122 Sessions side ways market between 4720-5229
3- Trend Reversal Broadening Pattern at the bottom of 13 months correction .
4- Bullish 'W' formation in 122 sessions sideways market
Conclusions from EOD chart analysis
As above mentioned 4 base formation therefore 1075 Nifty points forceful strong rally was seen after 20-12-2011. All trends are up Now and continuation of rally is expected. 1st impulsive Wave of rally is on and that whole Bullish story will be written in 2012 about which we told in following topic on 02-12 2011:-
We told exactly following lines in above topic. Just click above topic Link and verify on yours own:-
1- Fast rally toward all time high
2- New all time highs in 2012
3- Those higher levels which were considered in Jan 2008 and Jan 2011.
Although tough to accept above mentioned possibilities at this moment amid most bearish and uncertain global sentiments but we are seeing high possibility of new historical highs in 2012 because Indian markets are reversing after completion of long term correction also.
Fibonacci Retracement Levels(6338-4532)
Nifty-EOD Chart(17-Feb-2012):-
Fibonacci Retracement Levels(6338-4532)
13.0%-4766
23.6%-4958
27.0%-5019
38.2%-5221
50.0%-5435(Already retraced)
61.8%-5648
70.7%-5808
76.4%-5911
78.6%-5951
88.6%-6132
Long term correction begun on 05-11-2010 from 6338 and after more than 13 months correction Strong decisive more than 1000 Nifty points rally begun on 20-12-2011 from 4532. Fibonacci Retracement Levels are given above and 50% retracement has been completed. Next most crucial level is 61.8% which is falling within next resistance range(5600-5700) therefore sustaining beyond should be firstly watched in the coming week for next moves confirmations.
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| Just click on chart for its enlarged view |
13.0%-4766
23.6%-4958
27.0%-5019
38.2%-5221
50.0%-5435(Already retraced)
61.8%-5648
70.7%-5808
76.4%-5911
78.6%-5951
88.6%-6132
Conclusions from EOD chart analysis
Long term correction begun on 05-11-2010 from 6338 and after more than 13 months correction Strong decisive more than 1000 Nifty points rally begun on 20-12-2011 from 4532. Fibonacci Retracement Levels are given above and 50% retracement has been completed. Next most crucial level is 61.8% which is falling within next resistance range(5600-5700) therefore sustaining beyond should be firstly watched in the coming week for next moves confirmations.
3 Crucial Resistances & 4 Crucial Supports
Nifty-EOD Chart(17-Feb-2012):-
1- Long Term correction begun in falling trend line on 05-11-2010 from 6338
2- Rally begun in rising trend line on 20-12-2011 from 4532.
1- 5600-5700
2- 5800-5900
3- 6100-6200
4 Crucial Supports
1- 5323-5427
2- 5120-5190
3- 4995-5068
4- 4810-4900
Strong rally is on after forceful cross over of corrective falling Trendline. As Nifty retraced after testing of next resistance range(5600-5700) on 17-02-2012 therefore more consolidation is required to cross it and sustain above 5700.
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in EOD charts
1- Long Term correction begun in falling trend line on 05-11-2010 from 6338
2- Rally begun in rising trend line on 20-12-2011 from 4532.
3 Crucial Resistances
1- 5600-5700
2- 5800-5900
3- 6100-6200
4 Crucial Supports
1- 5323-5427
2- 5120-5190
3- 4995-5068
4- 4810-4900
Conclusions from EOD chart analysis
Strong rally is on after forceful cross over of corrective falling Trendline. As Nifty retraced after testing of next resistance range(5600-5700) on 17-02-2012 therefore more consolidation is required to cross it and sustain above 5700.
FII & DII trading activity in Capital Market Segment on 17-Feb-2012
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Indian Stock Markets Closing Reports(17-Feb-2012)
Main features of today trading are as follows
1- Benchmark Indices closed in Green while other Indices remained mixed.
2- Doji Candle formation.
3- Most of the Indices slipped from intraday higher levels.
Ratios
Nifty Put Call Ratio:1.25
Nifty P/E Ratio(17-Feb-2012):19.49
Advances & Declines
BSE Advances : 1399
BSE Declines : 1597
NSE Advances : 679
NSE Declines : 791
Nifty Open Interest Changed Today
Nifty- 5400 CE(Feb)- -521050(-15.60%)
Nifty- 5400 PE(Feb)- -646200(-8.99%)
Nifty- 5500 CE(Feb)- -548900(-11.05%)
Nifty- 5500 PE(Feb)- +598850(+10.50%)
Nifty- 5600 CE(Feb)- -220250(-3.55%)
Nifty- 5600 PE(Feb)- +2765350(+132.97%)
Closing
Nifty- closed at 5,564.30(+42.35 Points & +0.77%)
Sensex- closed at 18,289.35(+135.36 Points & +0.75% )
CNX Midcap - closed at 7,925.15(+49.75 Points & +0.63%)
BSE Smallcap- closed at 7,116.49(-15.16 Points & -0.21%)
1- Benchmark Indices closed in Green while other Indices remained mixed.
2- Doji Candle formation.
3- Most of the Indices slipped from intraday higher levels.
Ratios
Nifty Put Call Ratio:1.25
Nifty P/E Ratio(17-Feb-2012):19.49
Advances & Declines
BSE Advances : 1399
BSE Declines : 1597
NSE Advances : 679
NSE Declines : 791
Nifty Open Interest Changed Today
Nifty- 5400 CE(Feb)- -521050(-15.60%)
Nifty- 5400 PE(Feb)- -646200(-8.99%)
Nifty- 5500 CE(Feb)- -548900(-11.05%)
Nifty- 5500 PE(Feb)- +598850(+10.50%)
Nifty- 5600 CE(Feb)- -220250(-3.55%)
Nifty- 5600 PE(Feb)- +2765350(+132.97%)
Closing
Nifty- closed at 5,564.30(+42.35 Points & +0.77%)
Sensex- closed at 18,289.35(+135.36 Points & +0.75% )
CNX Midcap - closed at 7,925.15(+49.75 Points & +0.63%)
BSE Smallcap- closed at 7,116.49(-15.16 Points & -0.21%)
Nifty Spot-Levels & Trading Strategy for 21-02-2012
Nifty Spot-Levels
R3 5659
R2 5632
R1 5598
Avg 5571
S1 5537
S2 5510
S3 5476
Nifty Spot-Trading Strategy
H6 5625 Trgt 2
H5 5611 Trgt 1
H4 5597 Long breakout
H3 5580 Go Short
H2 5575
H1 5569
L1 5558
L2 5552
L3 5547 Long
L4 5530 Short Breakout
L5 5516 Trgt 1
L6 5502 Trgt 2
R3 5659
R2 5632
R1 5598
Avg 5571
S1 5537
S2 5510
S3 5476
Nifty Spot-Trading Strategy
H6 5625 Trgt 2
H5 5611 Trgt 1
H4 5597 Long breakout
H3 5580 Go Short
H2 5575
H1 5569
L1 5558
L2 5552
L3 5547 Long
L4 5530 Short Breakout
L5 5516 Trgt 1
L6 5502 Trgt 2
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