Although intraday up move after getting lower levels support but not sustaining at higher levels and now down after selling formation. As only intraday volatility between 5884-5923 with both lower levels supports and higher levels selling therefore valid break out of 5884-5923 should be firstly watched for next moves first indication.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook-2(12-12-2012)
First 3 hours trading between 5884-5923 with negatively responding IIP data but intraday charts are not showing selling formations and showing lower levels intraday supports formations..
Today trading range(5884-5923) valid break out should be firstly watched for next moves first indication.
Today trading range(5884-5923) valid break out should be firstly watched for next moves first indication.
Mid-session Outlook(12-12-2012)
Market could not show required enthusiasm on above expectation good IIP data therefore selling on good news possibility. Until Nifty will not cross today highs till then next up move will not be considered.
Rally continuation after Sideways Correction completion
Nifty-Intra Day Chart (Dec 05 to Dec 11,2012):-
Technical Patterns and Formations in last 5 Sessions intraday charts
1- Support between 5839-5860 on 06-12-2012
2- Positive news(FDI Bill passing in Parliament) led good selling between 5930-5946 on 07-12-2012
3- Mixed Patterns between 5940-5964 on 11-12-2012
4- Support between 5867-5877 on 11-12-2012
5- High volatility on 11-12-2012
Conclusions from 5 Sessions intra day chart analysis
As good selling also between 5930-5946 on 07-12-2012 after getting Support between 5839-5860 on 06-12-2012 therefore slipping and support getting possibility at or near about next support range(5839-5860) was clearly projected with following lines in Pre-Closing Outlook on 10-12-2012:-
"minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860)"
Whatsoever was projected one day before same happened next day on 11-12-2012 and Indian markets slipped as well as got support also at 5867 which is just above mentioned support range(5839-5860).
Nifty-Intra Day Chart (11-Dec-2012):-
Technical Patterns and Formations in today intraday charts
1- Mixed Patterns between 5940-5964
2- Support between 5867-5877
3- High volatility
3- Whole day actual trading between 5867-5964
Conclusions from intra day chart analysis
Firstly sharp recovery immediately after opening and after that negative news from Parliament led down moves but supports at lower levels and some recovery also in last half hour. Only volatily without much technical positions formations yesterday.
Just click following link and understand Indian markets technicals:-
Development of good supports at lower levels and also clear resistances at higher levels in last 5 sessions with high volatility yesterday. As technical positions reverses during yesterday like news based volatility therefore Indian markets are not fully prepared for any side decisive moves and follow up moves with fresh technical positions are required for next immediare direction.
All trends are up and confirmation of impulsive Wave-5 therefore finally Rally continuation above 5964 is expected after ongoing sideways correction completion. As sideways correction is on and market is not prepared for any side direction therefore firstly next moves preparation through sideways trading will be seen in the coming sessions between last 5 sessions trading range(5839-5964).
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| Just click on chart for its enlarged view |
1- Support between 5839-5860 on 06-12-2012
2- Positive news(FDI Bill passing in Parliament) led good selling between 5930-5946 on 07-12-2012
3- Mixed Patterns between 5940-5964 on 11-12-2012
4- Support between 5867-5877 on 11-12-2012
5- High volatility on 11-12-2012
Conclusions from 5 Sessions intra day chart analysis
As good selling also between 5930-5946 on 07-12-2012 after getting Support between 5839-5860 on 06-12-2012 therefore slipping and support getting possibility at or near about next support range(5839-5860) was clearly projected with following lines in Pre-Closing Outlook on 10-12-2012:-
"minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860)"
Whatsoever was projected one day before same happened next day on 11-12-2012 and Indian markets slipped as well as got support also at 5867 which is just above mentioned support range(5839-5860).
Nifty-Intra Day Chart (11-Dec-2012):-
 |
| Just click on chart for its enlarged view |
1- Mixed Patterns between 5940-5964
2- Support between 5867-5877
3- High volatility
3- Whole day actual trading between 5867-5964
Conclusions from intra day chart analysis
Firstly sharp recovery immediately after opening and after that negative news from Parliament led down moves but supports at lower levels and some recovery also in last half hour. Only volatily without much technical positions formations yesterday.
Conclusions (After Putting All Studies Together)
Just click following link and understand Indian markets technicals:-
Development of good supports at lower levels and also clear resistances at higher levels in last 5 sessions with high volatility yesterday. As technical positions reverses during yesterday like news based volatility therefore Indian markets are not fully prepared for any side decisive moves and follow up moves with fresh technical positions are required for next immediare direction.
All trends are up and confirmation of impulsive Wave-5 therefore finally Rally continuation above 5964 is expected after ongoing sideways correction completion. As sideways correction is on and market is not prepared for any side direction therefore firstly next moves preparation through sideways trading will be seen in the coming sessions between last 5 sessions trading range(5839-5964).
FII & DII trading activity in Capital Market Segment on 11-Dec-2012
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Indian Stock Markets Closing Reports(11-Dec-2012)
1- Benchmark Indices closed in Red.
2- Highly volatile markets on the back of news flow from Parliament.
3- Black Candle formations.
Ratios
Index Options Put Call Ratio: 0.92
Total Options Put Call Ratio: 0.89
Nifty P/E Ratio(11-Dec-2012): 18.29
Advances & Declines
BSE Advances : 1,157
BSE Declines : 1,768
NSE Advances : 471
NSE Declines : 991
Nifty Open Interest Changed Today
Nifty- 5800 CE(Dec)- -33,050(-0.97%)
Nifty- 5800 PE(Dec)- 640,050(8.79%)
Nifty- 5900 CE(Dec)- 1,175,700(24.18%)
Nifty- 5900 PE(Dec)- 669,100(13.02%)
Nifty- 6000 CE(Dec)- 1,245,200(13.47%)
Nifty- 6000 PE(Dec)- 172,100(5.83%)
Nifty- 6100 CE(Dec)- 267,850(4.44%)
Nifty- 6100 PE(Dec)- -65,000(-7.76%)
Closing
Sensex- closed at 19,387.14(-22.55 Points & -0.12%)
Nifty- closed at 5,898.80(-10.10 Points & -0.17%)
CNX Midcap - closed at 8,360.20(-76.00 Points & -0.90%)
CNX Smallcap- closed at 3,699.55(-43.35 Points & -1.16%)
Nifty Spot-Levels & Trading Strategy for 12-12-2012
R3 6053
R2 6009
R1 5953
Avg 5909
S1 5853
S2 5809
S3 5753
Nifty Spot-Trading Strategy
H6 5998 Trgt 2
H5 5975 Trgt 1
H4 5953 Long breakout
H3 5925 Go Short
H2 5916
H1 5907
L1 5888
L2 5879
L3 5870 Long
L4 5843 Short Breakout
L5 5820 Trgt 1
L6 5797 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 12-12-2012
R3 6092
R2 6047
R1 5987
Avg 5942
S1 5882
S2 5837
S3 5777
Nifty(Dec Fut)-Trading Strategy
H6 6033 Trgt 2
H5 6009 Trgt 1
H4 5985 Long breakout
H3 5956 Go Short
H2 5947
H1 5937
L1 5918
L2 5908
L3 5899 Long
L4 5870 Short Breakout
L5 5846 Trgt 1
L6 5822 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 12-12-2012
R3 12906
R2 12765
R1 12591
Avg 12450
S1 12276
S2 12135
S3 11961
Bank Nifty(Dec Fut)-Trading Strategy
H6 12734 Trgt 2
H5 12662 Trgt 1
H4 12590 Long breakout
H3 12503 Go Short
H2 12474
H1 12445
L1 12388
L2 12359
L3 12330 Long
L4 12243 Short Breakout
L5 12171 Trgt 1
L6 12099 Trgt 2
Pre-Closing Outlook(11-12-2012)
As selling was seen at higher levels in 2 previous sessions therefore consolidation was required through intraday correction and it is being seen today on the back of negative news from Indian Parliament.Uproar in Parliament today due to Wallmart Bribary news therefore Indian markets slipped and correcting at higher levels on the back of negative news flow.
As Indian Stocks market are Bullish therefore will correct at higher levels without deeper correction. Expected that on going rally will remain continued and next target of 6031 will be seen in the coming sessions after today started correction completion.
As slipping and support getting possibility at or near about next support range(5839-5860) was expected therefore following lines were told in Technical Analysis and Market Outlook yesterday:-
"minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860)"
All trends are up,only short term corrections was expected and being seen now. Today down moves will be understood technical correction and following supports will be firstly watched:-
As Indian Stocks market are Bullish therefore will correct at higher levels without deeper correction. Expected that on going rally will remain continued and next target of 6031 will be seen in the coming sessions after today started correction completion.
As slipping and support getting possibility at or near about next support range(5839-5860) was expected therefore following lines were told in Technical Analysis and Market Outlook yesterday:-
"minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860)"
All trends are up,only short term corrections was expected and being seen now. Today down moves will be understood technical correction and following supports will be firstly watched:-
5839-5860
Post-open Outlook(11-12-2012)
Run away rally continuation after bold Economic decisions form Union Govt. As sentiment is strong therefore market is correcting at higher levels without too much slipping.
Expected that on going up moves will remain continued and next target of 6031 will be seen in the coming sessions.
Expected that on going up moves will remain continued and next target of 6031 will be seen in the coming sessions.
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):-
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
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).
 |
| Just click on chart for its enlarged view |
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 & DII trading activity in Capital Market Segment on 10-Dec-2012
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Indian Stock Markets Closing Reports(01-Dec-2012)
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
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
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
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
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