NIFTY Dec F&O-1st Positional Shorting of 10-12-2012-Covering

NIFTY Dec F&O(Positional Shorted on 10-12-2012)-Cover immediately-CMP-5962(Lalit39)

Pre-open Outlook(11-12-2012)

Some Asian markets are in Green today morning therefore positive opening is expected. As Bullish markets consolidate at higher levels therefore gettiing supports at or above yesterday intraday support range(5889-5900) can not be ruled out.

Technical Analysis and Market Outlook(11-12-2012)

Nifty-Intra Day Chart (10-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5910-5918
2- Support between 5889-5900
3- Whole day actual trading between 5889-5918

Conclusions from intra day chart analysis 

Sideways narrow range trading with higher levels selling but lower levels intraday supports also therefore mixed intraday trading patterns. As good selling last Friday therefore minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860).

FII Trading Data in Derivatives Segment on 10-Dec-2012

FII & DII trading activity in Capital Market Segment on 10-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 10-Dec-2012 2561.71 1863.48 698.23

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Dec-2012 678.91 1265.49 -586.58

Indian Stock Markets Closing Reports(01-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed flat.

2- CNX Midcap and CNX Smallcap closed positive with sufficient gains.

3- Doji Candle formation in narrow range trading.

Ratios

Index Options Put Call Ratio: 0.91

Total Options Put Call Ratio: 0.87

Nifty P/E Ratio(01-Dec-2012): 18.36

Advances & Declines

BSE Advances : 1,524

BSE Declines : 1,415

NSE Advances :   913

NSE Declines :   884

Nifty Open Interest Changed Today

Nifty- 5700 CE(Dec)- 4,100(0.21%)

Nifty- 5700 PE(Dec)- 401,650(7.12%)

Nifty- 5800 CE(Dec)- 99,050(3.00%)

Nifty- 5800 PE(Dec)- 744,700(11.39%)

Nifty- 5900 CE(Dec)- 203,800(4.38%)

Nifty- 5900 PE(Dec)- 646,650(14.39%)

Nifty- 6000 CE(Dec)- 625,900(7.26%)

Nifty- 6000 PE(Dec)- 207,100(7.55%)

Closing 

Sensex- closed at 19,409.69(-14.41 Points & -0.07%)

Nifty- closed at 5,908.90(1.50 Points & 0.03%)

CNX Midcap - closed at 8,436.20(59.90 Points & 0.72%)

CNX Smallcap- closed at 3,742.90(14.55 Points & 0.39%)

Nifty Spot-Levels & Trading Strategy for 11-12-2012

Nifty Spot-Levels

R3 5953

R2 5936

R1 5922

Avg 5905

S1 5891

S2 5874

S3 5860

Nifty Spot-Trading Strategy

H6 5939     Trgt 2 

H5 5932     Trgt 1

H4 5925     Long breakout 

H3 5916     Go Short 

H2 5913

H1 5910

L1 5905

L2 5902

L3 5899     Long 

L4 5890     Short Breakout 

L5 5883     Trgt 1 

L6 5876     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 11-12-2012

Nifty(Dec Fut)-Levels

R3 5989

R2 5972

R1 5957

Avg 5940

S1 5925

S2 5908

S3 5893

Nifty(Dec Fut)-Trading Strategy

H6 5974     Trgt 2 

H5 5966     Trgt 1

H4 5959     Long breakout 

H3 5950     Go Short 

H2 5947

H1 5944

L1 5939

L2 5936

L3 5933    Long 

L4 5924     Short Breakout 

L5 5917     Trgt 1 

L6 5909     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 11-12-2012

Bank Nifty(Dec Fut)-Levels

3 12584

R2 12541

R1 12507

Avg 12464

S1 12430

S2 12387

S3 12353

Bank Nifty(Dec Fut)-Trading Strategy

H6 12550     Trgt 2 

H5 12532     Trgt 1

H4 12515     Long breakout 

H3 12494     Go Short 

H2 12487

H1 12480

L1 12465

L2 12458

L3 12451     Long 

L4 12430     Short Breakout 

L5 12413     Trgt 1 

L6 12395     Trgt 2

Pre-Closing Outlook(10-12-2012)

Short term correction was updated in following topic on 08-12-2012 and it was seen today:-

Rally after Short Term Correction

Sideways narrow range trading with mixed intraday trading patterns between 5889-5918 today. As good selling last Friday therefore minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860).

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