Mid-session Outlook-2(07-12-2012)

News based market today and Rajya Sabha adjourned after uproar therefore voting on FDI should be firstly watched today. 

Volatility may be high therefore Stop Loss triggering risk turned higher today. 

NIFTY-Dec Call Option(6100)-Bought on 06-12-2012

NIFTY-Dec Call Option(6100)-Bought on 06-12-2012-Rajya Sabha adjourned and  Market will be volatile today therefore Cover immediately-CMP-25(Lalit39)

Mid-session Outlook(07-12-2012)

Union Government postponed key Economic decisions in Cabinet meeting yesterday therefore sentiment weakened and Indian markets traded flat to negative today. As on going decision making halted therefore minor intraday correction is being seen. Until complete selling patterns will not develop till then any deeper correction will not be considered and follow up consolidation will mean immediate fast up moves.

Almost flat market today and above mentioned next very short term possibilities will be considered according to intraday charts formation completion and will be updated.

Wave-5 Strong Rally after Short Term correction completion

Nifty-Intra Day Chart (06-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Supports between 5839-5860
2- Mayawati announcement to support Congress in Rajya Sabha triggered strong rally
3- Whole day actual trading between 5839-5860

Conclusions from intra day chart analysis 

As good intraday selling yesterday therefore only Short term correction was predicted in following topic link yesterday and it was seen in first half hour after sharp fall today.

Short Term Correction on Cards

Nifty got support between 5829-5848 on 30-11-2012 and today again got support within and just above this range between 5839-5860,resultant previous supports strengthened today and revised support range at lower levels is 5829-5860.

Firstly supports at lower levels and after that Mayawati announcement to support Congress in Rajya Sabha tomorrow given Bullish trigger to Indian Stock Markets. As market was technical prepared for up moves after getting lower levels therefore immediately rally fuelled after clearance of all hurdles to pass FDI Bill in Parliament.

More than 3 days closing above 44 sessions range(5549-4815) with lower levels good supports given confirmation to impulsive Wave-5 therefore now rally will be seen in the coming sessions after Short Term correction completion today.  

FII & DII trading activity in Capital Market Segment on 06-Dec-2012

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 06-Dec-2012 2855.57 2017.43 838.14

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 06-Dec-2012 1029.28 1692.02 -662.74

Indian Stock Markets Closing Reports(06-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.

2- Strong recovery after good supports at lower levels.

3- Bullish Hammer Candle formation.

Ratios

Nifty Put Call Ratio: 0.79

Nifty P/E Ratio(06-Dec-2012): 18.48

Advances & Declines

BSE Advances : 1,571

BSE Declines : 1,327 

NSE Advances :   971

NSE Declines :   822 

Nifty Open Interest Changed Today

Nifty- 5800 CE(Dec)-  129,850(3.93%)

Nifty- 5800 PE(Dec)-  407,250(6.75%)

Nifty- 5900 CE(Dec)-  -67,550(-1.43%)

Nifty- 5900 PE(Dec)-   274,150(6.95%)

Nifty- 6000 CE(Dec)-  239,250(2.95%)

Nifty- 6000 PE(Dec)-  439,400(17.76%)

Nifty- 6100 CE(Dec)- -195,750(-3.81%)

Nifty- 6100 PE(Dec)-  18,950(2.60%)

Closing 

Sensex- closed at 19,486.80(94.94 Points & 0.49%)

Nifty- closed at 5,930.90(30.40 Points & 0.52%)

CNX Midcap - closed at 8,378.15(73.00 Points & 0.88%)

CNX Smallcap- closed at 3,719.60(29.55 Points & 0.80%)

Nifty Spot-Levels & Trading Strategy for 07-12-2012

Nifty Spot-Levels

R3 6072

R2 6007

R1 5968

Avg 5903

S1 5864

S2 5799

S3 5760

Nifty Spot-Trading Strategy

H6 6035     Trgt 2 

H5 6011     Trgt 1

H4 5987     Long breakout 

H3 5958     Go Short 

H2 5949

H1 5939

L1 5920

L2 5910

L3 5901     Long 

L4 5872     Short Breakout 

L5 5848     Trgt 1 

L6 5824     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 07-12-2012

Nifty(Dec Fut)-Levels

R3 6126

R2 6055

R1 6012

Avg 5941

S1 5898

S2 5827

S3 5784

Nifty(Dec Fut)-Trading Strategy

H6 6085     Trgt 2 

H5 6059     Trgt 1

H4 6032     Long breakout 

H3 6001     Go Short 

H2 5990

H1 5980

L1 5959

L2 5949

L3 5938     Long 

L4 5907     Short Breakout 

L5 5880     Trgt 1 

L6 5854     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 07-12-2012

Bank Nifty(Dec Fut)-Levels

R3 13042

R2 12815

R1 12665

Avg 12438

S1 12288

S2 12061

S3 11911

Bank Nifty(Dec Fut)-Trading Strategy

H6 12901     Trgt 2 

H5 12811     Trgt 1

H4 12722     Long breakout 

H3 12618     Go Short 

H2 12584

H1 12549

L1 12480

L2 12445

L3 12411     Long 

L4 12307     Short Breakout 

L5 12218     Trgt 1 

L6 12128     Trgt 2

NIFTY-Dec Call Option-1st Buying of 06-12-2012-Trade

NIFTY-Dec Call Option(6100)-Buy-Positional-SL-19-TGT-64-CMP-35(Lalit39)

Pre-closing Report(06-12-2012)

Only Short term correction was predicted and it was seen today after first half hour sharp fall. More than 4 hours trading between 5839-5868 today with lower levels supports between 5839-5860. Previous supports were within 5829-5848 and today supports also within this range therefore supports at lower levels have strengthened..

Mayawati announcement to supports Congress in Rajya Sabha tomorrow given trigger to Indian Stock Markets and on going rally will remain continued after Short Term Correction completion today.

Mid-session Outlook-2(06-12-2012)

Only 29 points narrow range(5839-5868) moves today after first half hour sharp fall with selling indications but lower levels supports also seen therefore more preparations are required for any side decisive moves.

Let market prepare and intraday charts to complete its formations then next moves will be updated according to intraday charts complete formations. Next trend decider range(5829-5868) valid break out should be also firstly watched for next moves confirmation. 

Mid-session Outlook(06-12-2012)

As good selling in last 3 days between 5878-5917 therefore correction was expected and it was updated 2 times with following lines yesterday:-

1- At 03:10 PM in Pre-Closing Outlook:- "sharp down moves despite Congress victory on FDI issue in Parliament today"

2- At 06:28 PM in Short Term Correction on Cards:-"minimum very short Term correction will be seen tomorrow despite Congress victory on FDI issue in Parliament today" 

Whatsoever was clearly told yesterday all that happened today and sharp fall seen immediately after opening today.

Short term correction was expected and it has been seen today,next supports are between 5829-5848 and Nifty is trading between 5839-5868 for the last 3 hours.  Nifty is trading between and above next supports for the last 3 hours but marrket require complete consolidation for any decisive up move above 5917 and it will take its own time. Follow up selling and breaking down of  5829 will mean sharp fall.

Although intraday charts are showing selling indications between 5839-5868 today but more intraday formations are required for confirmations. Let market prepare then next moves will be updated according to intraday charts complete formation and next trend decider range(5829-5868) valid break out should be also firstly watched for next moves confirmation. 

NIFTY-Dec Put Option(5900)-Bought on 05-12-2012

NIFTY-Dec Put Option(5900)-Bought on 05-12-2012-Target achieved,Cover and book profit immediately-CMP-94(Lalit39)

NIFTY-Dec Put Option(5900)-Bought on 05-12-2012

NIFTY-Dec Put Option(5900)-Bought on 05-12-2012-Market will be volatile therefore hold and cover after my covering message(Lalit39)

Short Term Correction on Cards

Nifty-Intra Day Chart (05-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5908-5917
2- Whole day actual trading between 5892-5917

Conclusions from intra day chart analysis

Following line was told today at 10:37 AM in Post-open Outlook-2:-

Expected that Nifty will firstly hover around 5900

Nifty closed at 5,900.50 today.

Although Gap up opening today after completely Bullish  sentiment due to strong Global cues but condition of sustaining above 5900 was told in all the Outlooks today. As we suspected same happened,Indian markets could not sustain above 5900 and slipped after intraday selling at higher levels.

Expected that Nifty will slip below today lowest(5892) and minimum very short Term correction will be seen tomorrow despite Congress victory on FDI issue in Parliament today. 

FII & DII trading activity in Capital Market Segment on 05-Dec-2012

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-Dec-2012 2819.35 1940.78 878.57

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Dec-2012 1158.06 1797.84 -639.78

Indian Stock Markets Closing Reports(05-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.

2- Most Indices closed in Green with nominal gains. 

3- CNX CONSUMPTION,CNX INFRA and CNX SERVICE closed in Red with nominal gains but CNX IT closed -1.35% down.

4- Doji Candle formation.

Ratios

Nifty Put Call Ratio: 0.77

Nifty P/E Ratio(05-Dec-2012): 18.40

Advances & Declines

BSE Advances : 1,679

BSE Declines : 1,248 

NSE Advances : 1,095

NSE Declines :   704

Nifty Open Interest Changed Today

Nifty- 5700 CE(Dec)- -65,600(-2.99%)

Nifty- 5700 PE(Dec)-  326,100(5.56%)

Nifty- 5800 CE(Dec)- -46,150(-1.37%)

Nifty- 5800 PE(Dec)-  347,250(6.02%)

Nifty- 5900 CE(Dec)-  388,700(8.58%)

Nifty- 5900 PE(Dec)-  534,500(15.18%)

Nifty- 6000 CE(Dec)-  344,450(4.19%)

Nifty- 6000 PE(Dec)-  497,950(25.47%)

Closing 

Sensex- closed at 19,391.86(43.74 Points & 0.23%) 

Nifty- closed at 5,900.50(11.25 Points & 0.19%)

CNX Midcap - closed at 8,305.15(14.20 Points & 0.17%)

CNX Smallcap- closed at 3,690.05(11.30 Points & 0.31%)

Nifty Spot-Levels & Trading Strategy for 06-12-2012

Nifty Spot-Levels

R3 5940

R2 5928

R1 5914

Avg 5902

S1 5888

S2 5876

S3 5862

Nifty Spot-Trading Strategy

H6 5926     Trgt 2 

H5 5920     Trgt 1

H4 5914     Long breakout 

H3 5907     Go Short 

H2 5904

H1 5902

L1 5897

L2 5895

L3 5892     Long 

L4 5885     Short Breakout 

L5 5879     Trgt 1 

L6 5873     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 06-12-2012

Nifty(Dec Fut)-Levels

R3 5986
R2 5972
R1 5956
Avg 5942
S1 5926
S2 5912
S3 5896

Nifty(Dec Fut)-Trading Strategy

H6 5970     Trgt 2
H5 5963     Trgt 1
H4 5956     Long breakout
H3 5948     Go Short
H2 5945
H1 5942
L1 5937
L2 5934
L3 5931     Long
L4 5923     Short Breakout
L5 5916     Trgt 1
L6 5909     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 06-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12525
R2 12462
R1 12406
Avg 12343
S1 12287
S2 12224
S3 12168

Bank Nifty(Dec Fut)-Trading Strategy

H6 12469     Trgt 2
H5 12442     Trgt 1
H4 12415     Long breakout
H3 12382     Go Short
H2 12371
H1 12360
L1 12339
L2 12328
L3 12317     Long
L4 12284     Short Breakout
L5 12257     Trgt 1
L6 12230     Trgt 2