Although intraday charts of yesterday are showing selling formations but Global markets are blasting therefore on going rally will remain continued without any correction.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Technical Analysis and Market Outlook(14-09-2012)
Nifty-Intra Day Chart (13Sep-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5436-5447
2- Minor buying between 5422-5430
3- Whole day trading between 5422-5447
25 Points whole day narrow range trading with lower levels trading with minor supports at lower levels but higher levels good selling also. As good selling today after yesterday selling formations therefore correction is expected from tomorrow despite whatsoever decision from FED today night.
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1- Selling between 5436-5447
2- Minor buying between 5422-5430
3- Whole day trading between 5422-5447
Conclusions from intra day chart analysis
25 Points whole day narrow range trading with lower levels trading with minor supports at lower levels but higher levels good selling also. As good selling today after yesterday selling formations therefore correction is expected from tomorrow despite whatsoever decision from FED today night.
FII & DII trading activity in Capital Market Segment on 01-Aug-2012
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Indian Stock Markets Closing Reports(13-Sep-2012)
Main features of today trading are as follows
1- Benchmark Indices closed positive with minor gains.
2- Doji Candle formation.
3- Mixed closing of Indices with minor gains or loss.
Ratios
Nifty Put Call Ratio: 1.16
Nifty P/E Ratio(01-Aug-2012): 17.38
Advances & Declines
BSE Advances : 1217
BSE Declines : 1624
NSE Advances : 583
NSE Declines : 868
Nifty Open Interest Changed Today
Nifty- 5200 CE(Aug)- -106,500(-7.01%)
Nifty- 5200 PE(Aug)- -504,650(-5.40%)
Nifty- 5300 CE(Aug)- -223,000 (-6.13%)
Nifty- 5300 PE(Aug)- 498,300(5.24%)
Nifty- 5400 CE(Aug)- 248,500(4.39%)
Nifty- 5400 PE(Aug)- 1,294,050(21.96%)
Nifty- 5500 CE(Aug)- 482,850(6.18%)
Nifty- 5500 PE(Aug)- 229,450(11.07%)
Closing
Nifty- closed at 5,435.35(4.35 Points & 0.08%)
Sensex- closed at 18,021.16(21.13 Points & 0.12%)
CNX Midcap - closed at 7,271.00(-25.20 Points & -0.35%)
BSE SMLcap- closed at 6,593.54(-16.54 Points & -16.54%)
1- Benchmark Indices closed positive with minor gains.
2- Doji Candle formation.
3- Mixed closing of Indices with minor gains or loss.
Ratios
Nifty Put Call Ratio: 1.16
Nifty P/E Ratio(01-Aug-2012): 17.38
Advances & Declines
BSE Advances : 1217
BSE Declines : 1624
NSE Advances : 583
NSE Declines : 868
Nifty Open Interest Changed Today
Nifty- 5200 CE(Aug)- -106,500(-7.01%)
Nifty- 5200 PE(Aug)- -504,650(-5.40%)
Nifty- 5300 CE(Aug)- -223,000 (-6.13%)
Nifty- 5300 PE(Aug)- 498,300(5.24%)
Nifty- 5400 CE(Aug)- 248,500(4.39%)
Nifty- 5400 PE(Aug)- 1,294,050(21.96%)
Nifty- 5500 CE(Aug)- 482,850(6.18%)
Nifty- 5500 PE(Aug)- 229,450(11.07%)
Closing
Nifty- closed at 5,435.35(4.35 Points & 0.08%)
Sensex- closed at 18,021.16(21.13 Points & 0.12%)
CNX Midcap - closed at 7,271.00(-25.20 Points & -0.35%)
BSE SMLcap- closed at 6,593.54(-16.54 Points & -16.54%)
Nifty Spot-Levels & Trading Strategy for 14-09-2012
Nifty Spot-Levels
R3 5473
R2 5460
R1 5447
Avg 5434
S1 5421
S2 5408
S3 5395
Nifty Spot-Trading Strategy
H6 5461 Trgt 2
H5 5455 Trgt 1
H4 5449 Long breakout
H3 5442 Go Short
H2 5439
H1 5437
L1 5432
L2 5430
L3 5427 Long
L4 5420 Short Breakout
L5 5414 Trgt 1
L6 5408 Trgt 2
R3 5473
R2 5460
R1 5447
Avg 5434
S1 5421
S2 5408
S3 5395
Nifty Spot-Trading Strategy
H6 5461 Trgt 2
H5 5455 Trgt 1
H4 5449 Long breakout
H3 5442 Go Short
H2 5439
H1 5437
L1 5432
L2 5430
L3 5427 Long
L4 5420 Short Breakout
L5 5414 Trgt 1
L6 5408 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 14-09-2012
Nifty(Sep Fut)-Levels
R3 5476
R2 5465
R1 5457
Avg 5446
S1 5438
S2 5427
S3 5419
Nifty(Sep Fut)-Trading Strategy
H6 5469 Trgt 2
H5 5464 Trgt 1
H4 5460 Long breakout
H3 5455 Go Short
H2 5453
H1 5451
L1 5448
L2 5446
L3 5444 Long
L4 5439 Short Breakout
L5 5435 Trgt 1
L6 5430 Trgt 2
R3 5476
R2 5465
R1 5457
Avg 5446
S1 5438
S2 5427
S3 5419
Nifty(Sep Fut)-Trading Strategy
H6 5469 Trgt 2
H5 5464 Trgt 1
H4 5460 Long breakout
H3 5455 Go Short
H2 5453
H1 5451
L1 5448
L2 5446
L3 5444 Long
L4 5439 Short Breakout
L5 5435 Trgt 1
L6 5430 Trgt 2
Bank Nifty(Sep Fut)-Levels & Trading Strategy for 14-09-2012
Bank Nifty(Sep Fut)-Levels
R3 10367
R2 10322
R1 10273
Avg 10228
S1 10179
S2 10134
S3 10085
Bank Nifty(Sep Fut)-Trading Strategy
H6 10319 Trgt 2
H5 10298 Trgt 1
H4 10276 Long breakout
H3 10250 Go Short
H2 10242
H1 10233
L1 10216
L2 10207
L3 10199 Long
L4 10173 Short Breakout
L5 10151 Trgt 1
L6 10130 Trgt 2
R3 10367
R2 10322
R1 10273
Avg 10228
S1 10179
S2 10134
S3 10085
Bank Nifty(Sep Fut)-Trading Strategy
H6 10319 Trgt 2
H5 10298 Trgt 1
H4 10276 Long breakout
H3 10250 Go Short
H2 10242
H1 10233
L1 10216
L2 10207
L3 10199 Long
L4 10173 Short Breakout
L5 10151 Trgt 1
L6 10130 Trgt 2
Pre-Closing Outlook(13-09-2012)
Following lines were told today in Technical Analysis and Market Outlook(13-09-2012):-
1- As intraday charts of yesterday are showing selling formations therefore consolidations are must today for sustaining and rally above 5450.
2- firstly trading is expected between 5394-5450.
3- follow up buying/selling today will decide next decisive moves beyond mentioned strong resistance range.
First 5 hours trading today between 5,447.45-5,421.85 with minor supports at lower levels but higher levels selling formations also. Slipping below 5422 will mean sharp down moves because below it selling formations yesterday.
1- As intraday charts of yesterday are showing selling formations therefore consolidations are must today for sustaining and rally above 5450.
2- firstly trading is expected between 5394-5450.
3- follow up buying/selling today will decide next decisive moves beyond mentioned strong resistance range.
First 5 hours trading today between 5,447.45-5,421.85 with minor supports at lower levels but higher levels selling formations also. Slipping below 5422 will mean sharp down moves because below it selling formations yesterday.
Technical Analysis and Market Outlook(13-09-2012)
Nifty-Intra Day Chart (12-Sep-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5410-5415.
2- Volatility after ESM package favouring SC judgement news from Germany.
3- Upmoves in Bearish Rising Wedge formation.
3- Whole day trading between 5394-5434.
Firstly slipping after intraday selling and then volatility after ESM package favouring SC judgement news from Germany, As higher levels selling in first 2 hours and finally Upmoves in Bearish Rising wedge formations in last more than one hour therefore fresh consolidation is required for sustaining above yesterday trading range.
All trends are up and up moves continuation but Nifty is trading between strong resistance range(5380-5450). As intraday charts of yesterday are showing selling formations therefore consolidations are must today for sustaining and rally above 5450.
Pre-open Outlook(13-09-2012)
Almost flat Global markets today therefore sentiment is quiet today morning and firstly trading is expected between 5394-5450,follow up buying/selling today will decide next decisive moves beyond mentioned strong resistance range.
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| Just click on chart for its enlarged view |
1- Selling between 5410-5415.
2- Volatility after ESM package favouring SC judgement news from Germany.
3- Upmoves in Bearish Rising Wedge formation.
3- Whole day trading between 5394-5434.
Conclusions from intra day chart analysis
Firstly slipping after intraday selling and then volatility after ESM package favouring SC judgement news from Germany, As higher levels selling in first 2 hours and finally Upmoves in Bearish Rising wedge formations in last more than one hour therefore fresh consolidation is required for sustaining above yesterday trading range.
All trends are up and up moves continuation but Nifty is trading between strong resistance range(5380-5450). As intraday charts of yesterday are showing selling formations therefore consolidations are must today for sustaining and rally above 5450.
Pre-open Outlook(13-09-2012)
Almost flat Global markets today therefore sentiment is quiet today morning and firstly trading is expected between 5394-5450,follow up buying/selling today will decide next decisive moves beyond mentioned strong resistance range.
FII & DII trading activity in Capital Market Segment on 12-Sep-2012
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Indian Stock Markets Closing Reports(12-Sep-2012)
Main features of today trading are as follows
1- All the Indices closed in Green.
2- White Candle formation.
3- Closing near the highs of the day.
Ratios
Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(01-Aug-2012): 17.37
Advances & Declines
BSE Advances : 1539
BSE Declines : 1339
NSE Advances : 833
NSE Declines : 601
Nifty Open Interest Changed Today
Nifty- 5200 CE(Aug)- -271,500(-15.16%)
Nifty- 5200 PE(Aug)- 325,400(3.61%)
Nifty- 5300 CE(Aug)- -560,000(-13.34%)
Nifty- 5300 PE(Aug)- 987,650(11.59%)
Nifty- 5400 CE(Aug)- -555,300(-8.93%)
Nifty- 5400 PE(Aug)- 1,414,800(31.59%)
Nifty- 5500 CE(Aug)- 512,000(7.02%)
Nifty- 5500 PE(Aug)- 649,000(45.60%)
Closing
Nifty- closed at 5,431.00(41.00 Points & 0.76%)
Sensex- closed at 18,000.03(147.08 Points & 0.82%)
CNX Midcap - closed at 7,296.20(17.95 Points & 0.25%)
BSE SMLcap- closed at 6,610.08(30.40 Points & 0.46%)
1- All the Indices closed in Green.
2- White Candle formation.
3- Closing near the highs of the day.
Ratios
Nifty Put Call Ratio: 1.08
Nifty P/E Ratio(01-Aug-2012): 17.37
Advances & Declines
BSE Advances : 1539
BSE Declines : 1339
NSE Advances : 833
NSE Declines : 601
Nifty Open Interest Changed Today
Nifty- 5200 CE(Aug)- -271,500(-15.16%)
Nifty- 5200 PE(Aug)- 325,400(3.61%)
Nifty- 5300 CE(Aug)- -560,000(-13.34%)
Nifty- 5300 PE(Aug)- 987,650(11.59%)
Nifty- 5400 CE(Aug)- -555,300(-8.93%)
Nifty- 5400 PE(Aug)- 1,414,800(31.59%)
Nifty- 5500 CE(Aug)- 512,000(7.02%)
Nifty- 5500 PE(Aug)- 649,000(45.60%)
Closing
Nifty- closed at 5,431.00(41.00 Points & 0.76%)
Sensex- closed at 18,000.03(147.08 Points & 0.82%)
CNX Midcap - closed at 7,296.20(17.95 Points & 0.25%)
BSE SMLcap- closed at 6,610.08(30.40 Points & 0.46%)
Nifty Spot-Levels & Trading Strategy for 13-09-2012
Nifty Spot-Levels
R3 5488
R2 5461
R1 5446
Avg 5419
S1 5404
S2 5377
S3 5362
Nifty Spot-Trading Strategy
H6 5473 Trgt 2
H5 5463 Trgt 1
H4 5454 Long breakout
H3 5442 Go Short
H2 5438
H1 5434
L1 5427
L2 5423
L3 5419 Long
L4 5407 Short Breakout
L5 5398 Trgt 1
L6 5388 Trgt 2
R3 5488
R2 5461
R1 5446
Avg 5419
S1 5404
S2 5377
S3 5362
Nifty Spot-Trading Strategy
H6 5473 Trgt 2
H5 5463 Trgt 1
H4 5454 Long breakout
H3 5442 Go Short
H2 5438
H1 5434
L1 5427
L2 5423
L3 5419 Long
L4 5407 Short Breakout
L5 5398 Trgt 1
L6 5388 Trgt 2
Nifty(Sep Fut)-Levels & Trading Strategy for 13-09-2012
Nifty(Sep Fut)-Levels
R3 5514
R2 5483
R1 5464
Avg 5433
S1 5414
S2 5383
S3 5364
Nifty(Sep Fut)-Trading Strategy
H6 5496 Trgt 2
H5 5484 Trgt 1
H4 5473 Long breakout
H3 5459 Go Short
H2 5455
H1 5450
L1 5441
L2 5436
L3 5432 Long
L4 5418 Short Breakout
L5 5407 Trgt 1
L6 5359 Trgt 2
R3 5514
R2 5483
R1 5464
Avg 5433
S1 5414
S2 5383
S3 5364
Nifty(Sep Fut)-Trading Strategy
H6 5496 Trgt 2
H5 5484 Trgt 1
H4 5473 Long breakout
H3 5459 Go Short
H2 5455
H1 5450
L1 5441
L2 5436
L3 5432 Long
L4 5418 Short Breakout
L5 5407 Trgt 1
L6 5359 Trgt 2
Bank Nifty(Sep Fut)-Levels & Trading Strategy for 13-09-2012
Bank Nifty(Sep Fut)-Levels
R3 10388
R2 10316
R1 10266
Avg 10194
S1 10144
S2 10072
S3 10022
Bank Nifty(Sep Fut)-Trading Strategy
H6 10339 Trgt 2
H5 10311 Trgt 1
H4 10283 Long breakout
H3 10249 Go Short
H2 10238
H1 10227
L1 10204
L2 10193
L3 10182 Long
L4 10148 Short Breakout
L5 10120 Trgt 1
L6 10092 Trgt 2
R3 10388
R2 10316
R1 10266
Avg 10194
S1 10144
S2 10072
S3 10022
Bank Nifty(Sep Fut)-Trading Strategy
H6 10339 Trgt 2
H5 10311 Trgt 1
H4 10283 Long breakout
H3 10249 Go Short
H2 10238
H1 10227
L1 10204
L2 10193
L3 10182 Long
L4 10148 Short Breakout
L5 10120 Trgt 1
L6 10092 Trgt 2
Pre-Closing Outlook(12-09-2012)
All trends are up and up moves continuation after news based high intraday volatility. As positive news flow also therefore rally continuation is expected.
Mid-session Outlook-3(12-09-2012)
Slipping from intraday higher levels but supports at lower levels also as well as volatility after ESM package favouring SC judgement news from Germany. As Technical positions reverses during such volatility therefore finally sustaining beyond 5402-5417 will be next trend confirmation and should be firstly watched.
Mid-session Outlook-2(12-09-2012)
As again profit booking therefore not sustaining at higher levels.
Mid-session Outlook(12-09-2012)
July IIP at 0.1% vs 3.7% (YoY)
Although Indian markets slipped from intraday higher levels after minor profit booking at higher levels but intraday patterns are indicating consolidation formations also. Indian markets are reacting today announced IIP data as well as preparing for post RBI Credit Policy moves on 17-09-2012.
All trends are up and Nifty is trading within strong resistance range(5380-5450),its break out will form next big moves. Forceful break out or sustaining beyond of today 15 points intraday trading range(5402-5417) will give first signal of mentioned resistance range break out direction therefore should be firstly watched.
Although Indian markets slipped from intraday higher levels after minor profit booking at higher levels but intraday patterns are indicating consolidation formations also. Indian markets are reacting today announced IIP data as well as preparing for post RBI Credit Policy moves on 17-09-2012.
All trends are up and Nifty is trading within strong resistance range(5380-5450),its break out will form next big moves. Forceful break out or sustaining beyond of today 15 points intraday trading range(5402-5417) will give first signal of mentioned resistance range break out direction therefore should be firstly watched.
Rally continuation after correction completion
Nifty-EOD Chart (11-Sep-2012):-
Technical Patterns and Formations in EOD charts
1- Wave-2(4770.35 on 04-06-2012)
2- Sub Wave-1(5348.55 ON 10-07-2012)
3- Sub Wave-2(5032.40 on 26-07-2012)
4- Sub Wave-3(5448.40 on 23-08-2012)
5- Sub Wave-4(5215.70 on 05-09-2012)
6- Sub Wave-5 of Wave-3 is on after correction completion
Sub Wave-5 of Wave-3 is on after correction completion but intraday selling between 5362-5373 was seen on 10-Sep-2012 therefore firstly negative zone trading was seen yesterday. Intraday supports at lower levels and after that more than 1 hour trading above 5373 was seen yesterday therefore on going rally(Sub Wave-5 of Wave-3) continuation possibilities turned higher yesterday.
As strong resistances between 5380-5450 therefore complete consolidations is required for rally above 5450 and up moves may be slow also but expected that finally rally will be seen above 5450 .
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| Just click on chart for its enlarged view |
1- Wave-2(4770.35 on 04-06-2012)
2- Sub Wave-1(5348.55 ON 10-07-2012)
3- Sub Wave-2(5032.40 on 26-07-2012)
4- Sub Wave-3(5448.40 on 23-08-2012)
5- Sub Wave-4(5215.70 on 05-09-2012)
6- Sub Wave-5 of Wave-3 is on after correction completion
Conclusions from EOD chart analysis
Sub Wave-5 of Wave-3 is on after correction completion but intraday selling between 5362-5373 was seen on 10-Sep-2012 therefore firstly negative zone trading was seen yesterday. Intraday supports at lower levels and after that more than 1 hour trading above 5373 was seen yesterday therefore on going rally(Sub Wave-5 of Wave-3) continuation possibilities turned higher yesterday.
As strong resistances between 5380-5450 therefore complete consolidations is required for rally above 5450 and up moves may be slow also but expected that finally rally will be seen above 5450 .
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