NIFTY-Dec F&O-1st Selling of 10-12-2012-Trade

NIFTY-Dec Fut-Sell-Intraday/Positional-SL-5976 & TGT-5896-CMP-5949(Dec Fut-Rates are given for all trading)(Lalit39)

NIFTY-Dec F&O-1st Selling of 10-12-2012-Trade

NIFTY-Dec Put Options(5900-6000)-Buy(Positional)-SL-5976 & TGT-5896-CMP-5936(Dec Fut-Rates are given for all trading)(Lalit39)

Rally after Short Term Correction

Technical Analysis,Research & Weekly Outlook

(Dec 10 to Dec 14,2012)

Nifty-EOD Chart (07-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 6335.90 on 08-11-2010(Long term correction begun).
2- 4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion).
3- Wave-1(5629.95 on 22-02-2012).
4- Wave-2(4770.35 on 04-06-2012).
5- Wave-3 is on 

Conclusions from EOD chart analysis 

Rally begun after 13 Months Long Term correction completion and impulsive Wave-3 is on.

Waves Structure of Wave-3

Nifty-EOD Chart (07-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-2 completion(4770.35 on 04-06-2012)
2- Sub Wave-1 gained 578.20 points(5348.55 on 10-07-2012)
3- Sub Wave-2(5032.40 on 26-07-2012)
4- Sub Wave-3 gained 782.95 points(5815.35 on 05-10-2012)
5- Sub Wave-4(5548.35 on 20-11-2012)
6- Sub Wave-5 of Wave-3 is on.

Conclusions from EOD chart analysis 

Sub Wave-4 corrected sideways between 5548.35-5815.35 with Bullish Flag formation and this range broken out on 29-11-2012. Break out validity got confirmation in previous week and with this Sub Wave-5 of Wave-3 also got its continuation confirmation.

Nifty-Intra Day Chart (07-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5930-5946
2- Follow up selling between 5910-5925
3- Whole day actual trading between 5890-5946

Conclusions from intra day chart analysis 

Mayawati announcement to support Congress in Rajya Sabha created enthusiasm but Union Government postponed key Economic decisions in Cabinet meeting 06-12-2012 therefore Big Gap up opening was not seen last Friday and intraday charts are showing good selling patterns.

As good selling last Friday therefore firstly down moves will be seen in the beginning of next week.

Conclusions (After Putting All Studies Together)

Sub Wave-5 of Wave-3 is on after Sub Wave-4 correction completion with Bullish Flag formation therefore strong up moves will be seen. As per   Elliot Wave theory Wave-3 should never be shorter than both Wave-1 and Sub Wave-5. Wave-3 gained 782.95 points as per theory Sub Wave-5 will gain less than 782.95 point from the bottom of Wave-4(5548.35) therefore Sub Wave-5 maximum target will be less than 6331.30(5548.35+782.95). Previous tops above 6000 are as follows:-

1- 6357.10 on 08-01-2008.
2- 6338.50 on 05-11-2010.

As on going Sub Wave-5 rally possibile maximum target is near 6331 therefore Tripple Top formation may be seen. Expected that Sub Wave-5 will not gain less than 61.8% of Sub Wave-3 gains and Sub Wave-5 targets should be between 6031-6331. Usually Wave-5 of any degree moves faster therefore rally will be forceful.

Good intraday selling seen on 06-12-2012 and firstly Indian markets will slip in the beginning of coming week therefore next support range(5829-5860) should be firstly watched. Expected that Nifty will consolidate between 5829-5946 and after that next strong rally will be seen above 5949.

FII Trading Data in Derivatives Segment on 07-Dec-2012

FII & DII trading activity in Capital Market Segment on 07-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 07-Dec-2012 2854.32 2206.27 648.05

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 07-Dec-2012 1034.47 1832.95 -798.48

Indian Stock Markets Closing Reports(07-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red except CNX Smallcap. 

2- Most Indices closed in Red but CNX AUTO,CNX PHARMA and CNX PSU BANK closed in Green.

3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.91   

Total Options Put Call Ratio: 0.86

Nifty P/E Ratio(07-Dec-2012): 18.40

Advances & Declines

BSE Advances : 1,415

BSE Declines : 1,521 

NSE Advances :   829

NSE Declines :   947

Nifty Open Interest Changed Today

Nifty- 5700 CE(Dec)- -144,450(-6.99%)

Nifty- 5700 PE(Dec)-  39,950(0.71%)

Nifty- 5800 CE(Dec)- -88,650(-2.61%)

Nifty- 5800 PE(Dec)-  191,450(3.02%)

Nifty- 5900 CE(Dec)-  67,950(1.48%)

Nifty- 5900 PE(Dec)-  360,900(8.73%)

Nifty- 6000 CE(Dec)-  768,300(9.79%)

Nifty- 6000 PE(Dec)-  -160,050(-5.51%)

Closing 

Sensex- closed at 19,424.10(-62.70 Points & -0.32%)

Nifty- closed at 5,907.40(-23.50 Points & -0.40%)

CNX Midcap - closed at 8,376.30(-1.85 Points & -0.02%)

CNX Smallcap- closed at 3,728.35(8.75 Points & 0.24%)

Nifty Spot-Levels & Trading Strategy for 10-12-2012

Nifty Spot-Levels

R3 6002

R2 5975

R1 5941

Avg 5914

S1 5880

S2 5853

S3 5819

Nifty Spot-Trading Strategy

H6 5968     Trgt 2 

H5 5954     Trgt 1

H4 5940     Long breakout 

H3 5923     Go Short 

H2 5918

H1 5912

L1 5901

L2 5895

L3 5890     Long 

L4 5873     Short Breakout 

L5 5859     Trgt 1 

L6 5845     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 10-12-2012

Nifty(Dec Fut)-Levels

R3 6033

R2 6006

R1 5975

Avg 5948

S1 5917

S2 5890

S3 5859

Nifty(Dec Fut)-Trading Strategy

H6 6002     Trgt 2 

H5 5989     Trgt 1

H4 5975     Long breakout 

H3 5959     Go Short 

H2 5954

H1 5949

L1 5938

L2 5933

L3 5928     Long 

L4 5912     Short Breakout 

L5 5898     Trgt 1 

L6 5885     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 10-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12766

R2 12683

R1 12567

Avg 12484

S1 12368

S2 12285

S3 12169

Bank Nifty(Dec Fut)-Trading Strategy

H6 12650     Trgt 2 

H5 12605     Trgt 1

H4 12560     Long breakout 

H3 12505     Go Short 

H2 12487

H1 12469

L1 12432

L2 12414

L3 12396     Long 

L4 12341     Short Breakout 

L5 12296     Trgt 1 

L6 12251     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Dec 10 to Dec 14,2012)

Nifty Spot-Weekly Levels

R3 6067

R2 6008

R1 5957

Avg 5898

S1 5847

S2 5788

S3 5737

Nifty Spot-Weekly Trading Strategy 

H6 6018     Trgt 2 

H5 5992     Trgt 1

H4 5967     Long breakout 

H3 5937     Go Short 

H2 5927

H1 5917

L1 5896

L2 5886

L3 5876     Long 

L4 5846     Short Breakout 

L5 5821     Trgt 1 

L6 5795     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Dec 10 to Dec 14,2012)

Bank Nifty Spot-Weekly Levels

R3 12973

R2 12727

R1 12545

Avg 12299

S1 12117

S2 11871

S3 11689

Bank Nifty Spot-Weekly Trading Strategy 

H6 12802     Trgt 2 

H5 12700     Trgt 1

H4 12598     Long breakout 

H3 12480     Go Short 

H2 12441

H1 12402

L1 12323

L2 12284

L3 12245     Long 

L4 12127     Short Breakout 

L5 12025     Trgt 1 

L6 11923     Trgt 2

Pre-Closing Outlook(07-12-2012)

Sentiment disturbed today due to Rajya Sabha adjournment and Quake in Japan and intraday volatility seen. As technical positions reverses during volatile markets therefore finally sustaining beyond 5900-5950 should be watched for next moves confirmations.

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