Technical Analysis and Market Outlook(13-12-2012

Nifty-Intra Day Chart (12-Dec-2012):-

                   Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day down moves in falling Channel(consolidation formation)
2- Minor selling formation.
3- Whole day actual trading between 5872-5924

Conclusions from intra day chart analysis 

Although whole day down moves with regular new lows formation but in falling Channel(consolidation formation) and after only minor selling therefore up moves continuation hops are alive`despite lower levels closing yesterday. For next moves first indication valid break out of yesterday trading range(5872-5924) should be firstly watched today.

As 9 sessions sideways market between 5829-5965 with lower levels good supports and higher levels selling therefore Indian markets are not prepared for any side decisive moves. Next moves preparation through sideways trading will be seen between last 9 sessions trading range(5829-5965) in the coming sessions.

All trends are up and confirmation of impulsive Wave-5 therefore finally Rally continuation above 5965 is will be seen. As yesterday intraday charts are showing consolidation formations therefore rally continuation hopes are alive after follow up consolidations in the coming sessions.

Indian Stock Markets Closing Reports(12-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed flat.

2- Most time narrow range moves.

3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.98

Total Options Put Call Ratio: 0.93

Nifty P/E Ratio(12-Dec-2012): 18.26

Advances & Declines

BSE Advances : 1,385

BSE Declines : 1,555  

NSE Advances :   784

NSE Declines :   965

Nifty Open Interest Changed Today

Nifty- 5700 CE(Dec)- -58,850(-3.54%)

Nifty- 5700 PE(Dec)-  615,400(10.41%)

Nifty- 5800 CE(Dec)- -223,300(-6.78%)

Nifty- 5800 PE(Dec)-  276,650(3.51%)

Nifty- 5900 CE(Dec)- 365,750(6.51%)

Nifty- 5900 PE(Dec)- 181,200(3.31%)

Nifty- 6000 CE(Dec)- 781,750(7.60%)

Nifty- 6000 PE(Dec)- 113,400(3.69%)

Closing 

Sensex- closed at 19,355.26(-31.88 Points & -0.16%)

Nifty- closed at 5,888.00(-10.80 Points & -0.18%)

CNX Midcap - closed at 8,370.75(10.55 Points & 0.13%)

CNX Smallcap- closed at 3,700.60(1.05 Points & 0.03%)

FII Trading Data in Derivatives Segment on 12-Dec-2012

FII & DII trading activity in Capital Market Segment on 12-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 12-Dec-2012 4380.29 3427.54 952.75

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 12-Dec-2012 993.2 1358.27 -365.07

Nifty Spot-Levels & Trading Strategy for 13-12-2012

Nifty Spot-Levels

R3 5966

R2 5945

R1 5916

Avg 5895

S1 5866

S2 5845

S3 5816

Nifty Spot-Trading Strategy

H6 5938     Trgt 2 

H5 5926     Trgt 1

H4 5915     Long breakout 

H3 5901     Go Short 

H2 5897

H1 5892

L1 5883

L2 5878

L3 5874     Long 

L4 5860     Short Breakout 

L5 5849     Trgt 1 

L6 5837     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 13-12-2012

Nifty(Dec Fut)-Levels

R3 6003
R2 5983
R1 5955
Avg 5935
S1 5907
S2 5887
S3 5859

Nifty(Dec Fut)-Trading Strategy

H6 5976     Trgt 2
H5 5965     Trgt 1
H4 5954     Long breakout
H3 5941     Go Short
H2 5936
H1 5932
L1 5923
L2 5919
L3 5914     Long
L4 5901     Short Breakout
L5 5890     Trgt 1
L6 5879     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 13-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12601

R2 12545

R1 12472

Avg 12416

S1 12343

S2 12287

S3 12214

Bank Nifty(Dec Fut)-Trading Strategy

H6 12529     Trgt 2 

H5 12500     Trgt 1

H4 12470     Long breakout 

H3 12435     Go Short 

H2 12423

H1 12411

L1 12388

L2 12376

L3 12364     Long 

L4 12329     Short Breakout 

L5 12299     Trgt 1 

L6 12270     Trgt 2

Pre-Closing Outlook(12-12-2012)

Although whole day not sustaining at higher levels and slipping also even after above expectations good IIP data as well as more than 5 times new lows formation but intraday charts are showing consolidation formations therefore up moves continuation hops are alive.

For next moves first indication valid break out of 5884-5923 should be firstly watched.

Mid-session Outlook-3(12-12-2012)

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.

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.

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):-

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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.

Conclusions (After Putting All Studies Together)

Just click following link and understand Indian markets technicals:-

Rally after Short Term Correction

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 Trading Data in Derivatives Segment on 11-Dec-2012

FII & DII trading activity in Capital Market Segment on 11-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 11-Dec-2012 3605.68 2295.8 1309.88

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Dec-2012 860.59 1888.93 -1028.34

Indian Stock Markets Closing Reports(11-Dec-2012)

Main features of today trading are as follows

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

Nifty Spot-Levels

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

Nifty(Dec Fut)-Levels

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

Bank Nifty(Dec Fut)-Levels

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:-

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.

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)