Blog will be updated on 16-12-2012
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 14-12-2012
R3 12667
R2 12594
R1 12467
Avg 12394
S1 12267
S2 12194
S3 12067
Bank Nifty(Dec Fut)-Trading Strategy
H6 12541 Trgt 2
H5 12496 Trgt 1
H4 12451 Long breakout
H3 12396 Go Short
H2 12377
H1 12359
L1 12322
L2 12304
L3 12286 Long
L4 12231 Short Breakout
L5 12185 Trgt 1
L6 12140 Trgt 2
Pre-Closing Outlook(13-12-2012)
As whole market,small traders,investors and almost all were Bullish and expecting rally therefore following possibility was told today at 01:32 PM today in Mid-session Outlook:-
As was projected same happened and sharp down moves started at 01:52 PM.
Down moves first indication through valid break down of 5872 and now following range should be watched for next trend final confirmation:-
"sharp down panics also can not be ruled out"
As was projected same happened and sharp down moves started at 01:52 PM.
Down moves first indication through valid break down of 5872 and now following range should be watched for next trend final confirmation:-
5829-5965
Mid-session Outlook(13-12-2012)
Following lines were told in Technical Analysis and Market Outlook today:-
1- Indian markets are not prepared for any side decisive moves
2- Next moves preparation through sideways trading will be seen between last 9 sessions trading range(5829-5965) in the coming sessions.
3- For next moves first indication valid break out of yesterday trading range(5872-5924) should be firstly watched today.
First 4 hours trading between 5879-5907 today with slipping without force and today intraday patterns are showing consolidation indications. Market takes its own time to complete consolidation/distribution process,let it complete and intraday charts chart to show its confirm formations then next decisive moves will be projected.
As intraday charts are showing consolidation indications therefore finally up moves are expected but whole market,small traders,investors and almost all are also Bullish and expecting rally therefore continuous down moves are being seen for Stop Loss cutting and sharp down panics also can not be ruled out in the coming sessions. For confirmations valid break out of following ranges should be watched:-
1- 5872-5924(first indication)
2- 5829-5965(final confirmation)
1- Indian markets are not prepared for any side decisive moves
2- Next moves preparation through sideways trading will be seen between last 9 sessions trading range(5829-5965) in the coming sessions.
3- For next moves first indication valid break out of yesterday trading range(5872-5924) should be firstly watched today.
First 4 hours trading between 5879-5907 today with slipping without force and today intraday patterns are showing consolidation indications. Market takes its own time to complete consolidation/distribution process,let it complete and intraday charts chart to show its confirm formations then next decisive moves will be projected.
As intraday charts are showing consolidation indications therefore finally up moves are expected but whole market,small traders,investors and almost all are also Bullish and expecting rally therefore continuous down moves are being seen for Stop Loss cutting and sharp down panics also can not be ruled out in the coming sessions. For confirmations valid break out of following ranges should be watched:-
1- 5872-5924(first indication)
2- 5829-5965(final confirmation)
Technical Analysis and Market Outlook(13-12-2012
Nifty-Intra Day Chart (12-Dec-2012):-
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
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.
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| Just click on chart for its enlarged view |
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)
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 & DII trading activity in Capital Market Segment on 12-Dec-2012
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Nifty Spot-Levels & Trading Strategy for 13-12-2012
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
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
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.
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):-
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| 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
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