Post-open Outlook(28-12-2012)

Previous Outlook was posted in the light of more than 1% down US markets but US markets recovered and closed flat therefore sentiment maintained and all the Asian markets are positive today morning resultant Green opening in Indian markets.

Nifty traded most time between 5888-5917 and moved down sharply in last half hour yesterday,Nifty is trading between 5890-5904 today. Although strong opening today but good selling between 5904-5917 yesterday therefore market require consolidation today for decisive rally above 5917. 

Although good opening today and next up moves also can not be ruled out but firstly sustaining beyond 5904-5917 should be watched for next moves confirmations.

Technical Analysis and Market Outlook(28-12-2012)

Nifty-Intra Day Chart (27-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in intraday charts

1- Selling between 5904-5917
2- Last half hour sharp down.
3- Whole day actual trading between 5865-5917

Conclusions from intra day chart analysis

Long Term Trend is up,Intermediate and Short Term Trends are sideways for the last 18 Sessions between 5823-5965. Technical positions within this range are as follows:-

1- Supports between 5823-5865
2- Resistances between 5904-5965

US markets are more than 1% down today and such weaker closing will mean depressed sentiment tomorrow and weak opening is possible. Although good selling at higher levels but strong supports also at lower levels therefore expected that Nifty will firstly trade near about above mentioned supports range(5823-5865)

As impulsive Sub Wave-5 of Wave-3 continuation after 44 sessions Sub Wave-4 sideways correction(5549-5815) completion with Bullish Flag formation therefore rally possibility above 5965 is still alive but at present 18 sessions sideways market and its valid break out is firstly required for next immediate moves confirmations.

At present equally strong supports and resistances in last 18 sessions sideways market but sentiment may remains depressed tomorrow therefore valid break out of following ranges should be firstly watched for next immediate moves and trends confirmations:-

1- For next moves 1st indication 5865-5904.
2- For next trend final confirmation 5823-5965.

Nifty Spot-Levels & Trading Strategy for 28-12-2012

Nifty Spot-Levels

R3 5978

R2 5954

R1 5912

Avg 5888

S1 5846

S2 5822

S3 5780

Nifty Spot-Trading Strategy

H6 5936     Trgt 2 

H5 5921     Trgt 1

H4 5906     Long breakout 

H3 5888     Go Short 

H2 5882

H1 5876

L1 5863

L2 5857

L3 5851     Long 

L4 5833     Short Breakout 

L5 5818     Trgt 1 

L6 5803     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 28-12-2012

Nifty(Jan Fut)-Levels

R3 6015

R2 5996

R1 5963

Avg 5944

S1 5911

S2 5892

S3 5859

Nifty(Jan Fut)-Trading Strategy

H6 5982     Trgt 2 

H5 5970     Trgt 1

H4 5958     Long breakout 

H3 5944     Go Short 

H2 5939

H1 5934

L1 5925

L2 5920

L3 5915     Long 

L4 5901     Short Breakout 

L5 5889     Trgt 1 

L6 5877     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 28-12-2012

Bank Nifty(Jan Fut)-Levels

R3 12697
R2 12662
R1 12620
Avg 12585
S1 12543
S2 12508
S3 12466

Bank Nifty(Jan Fut)-Trading Strategy

H6 12655     Trgt 2
H5 12637     Trgt 1
H4 12620    Long breakout
H3 12599     Go Short
H2 12592
H1 12585
L1 12570
L2 12563
L3 12556     Long
L4 12535     Short Breakout
L5 12518     Trgt 1
L6 12500     Trgt 2

CRUDEOIL-JAN Fut-Selling Trade

CRUDEOIL-JAN Fut-Sell-Positional-SL-5046 & TGT-4926-CMP-5006(Lalit39)

FII & DII trading activity in Capital Market Segment on 27-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 27-Dec-2012 3731.45 3864.13 -132.68

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Dec-2012 1287.65 1154.88 132.77

Live Proofs of our Accurate Predictions

We gave today trading range between 5865-5965 and Nifty traded between 5864.70-5930.80 today. Live proofs are as follows:-

1-  We told yesterday in Pre-Closing Outlook(26-12-2012):-"Now next moves preparation trading range is 5865-5965 in all types of sentiments"
2- We told today in Technical Analysis and Market Outlook(27-12-2012):-"Now next moves preparation trading range is 5865-5965 in all types of sentiments and firstly trading within this range is expected"

Live Proofs today intraday Accurate Predictions have already been updated today in Mid-session Outlook(27-12-2012)

Mid-session Outlook(27-12-2012)

Although positive Asian markets and Green opening in Indian markets but we were not Bullish and told following line in 1st hour at 10:13:00 AM today:-

"As market has not shown required strength after Green opening today therefore view will start to become positive after sustaining above 5920"

Condition of sustaining above 5920 was told and Nifty could not move above 5917 after our above posting. 

More than 3 hours mixed intraday patterns between 5900-5917 yesterday and today again mixed intraday patterns between 5888-5917 with following technical positions;-

1- Selling between 5906-5917
2- Support between 5888-5895

As today intraday selling seen between and just below Previous resistance range(5910-5965) therefore this resistance strengthened today and complete consolidation is required for sustaining above 5965. Although strong up moves yesterday but we told following lines at  08:10 AM today and being repeated for next moves guidance:-

1- good supports between 5846-5865 in last 2 sessions
2- next and last resistance range(5910-5965) of on going rally. 
3- Now next moves preparation trading range is 5865-5965 in all types of sentiments and firstly trading within this range is expected in the coming couple of sessions

Pre-open Outlook(27-12-2012)

As market has not shown required strength after Green opening today therefore view will start to become positive after sustaining above 5920.

Technical Analysis and Market Outlook(27-12-2012)

Nifty-Micro Analysis of 2 Sessions Intra Day Chart

(Dec 24 & Dec 27,2012)

Nifty-Intra Day Chart (Dec 24 & Dec 27,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Consolidation and Support between 5846-5865 in last 2 sessions.
2- More than 3 hours mixed intraday patterns between 5900-5917 on 26-12-2012
3- 2 Sessions actual trading between 5846-5917

Conclusions from 2 Sessions intra day chart analysis 

Sharp up moves yesterday after good supports between 5846-5865 in last 2 sessions and coutering of next and last resistance range(5910-5965) of on going rally. Although Nifty traded within mentioned resistance range but with intraday mixed patterns and closed just below it. As strong resistances therefore complete consolidation is required for valid break out above 5965. Finally rally above 5865 is expected but firstly follow up consolidations is must in the coming sessions to cross and sustaining above mentioned strong resistance.

Now next moves preparation trading range is 5865-5965 in all types of sentiments and firstly trading within this range is expected in the coming couple of sessions. Let intraday charts form and show next moves preparations then will be updated accordingly in the coming Outlooks.

FII Trading Data in Derivatives Segment on 26-Dec-2012

FII & DII trading activity in Capital Market Segment on 26-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 26-Dec-2012 2035.17 1291.38 743.79

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 26-Dec-2012 768.47 1069.32 -300.85

Nifty Spot-Levels & Trading Strategy for 27-12-2012

Nifty Spot-Levels

R3 5986
R2 5951
R1 5928
Avg 5893
S1 5870
S2 5835
S3 5812

Nifty Spot-Trading Strategy

H6 5963     Trgt 2
H5 5950     Trgt 1
H4 5936     Long breakout
H3 5920     Go Short
H2 5915
H1 5910
L1 5899
L2 5894
L3 5889     Long
L4 5873     Short Breakout
L5 5859     Trgt 1
L6 5846     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 27-12-2012

Nifty(Dec Fut)-Levels

R3 6000
R2 5963
R1 5938
Avg 5901
S1 5876
S2 5839
S3 5814

Nifty(Dec Fut)-Trading Strategy

H6 5975     Trgt 2
H5 5961     Trgt 1
H4 5947     Long breakout
H3 5930     Go Short
H2 5924
H1 5918
L1 5907
L2 5901
L3 5895     Long
L4 5878     Short Breakout
L5 5864     Trgt 1
L6 5850     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 27-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12826
R2 12686
R1 12597
Avg 12457
S1 12368
S2 12228
S3 12139

Bank Nifty(Dec Fut)-Trading Strategy

H6 12740     Trgt 2
H5 12687     Trgt 1
H4 12633     Long breakout
H3 12570     Go Short
H2 12549
H1 12528
L1 12487
L2 12466
L3 12445     Long
L4 12382     Short Breakout
L5 12328     Trgt 1
L6 12275     Trgt 2

Pre-Closing Outlook(26-12-2012)

Forceful up moves after more than 8 hours consolidations and last more than 3 hours mixed intraday patterns trading between 5900-5917 which is within and just below next strong resistance range 5910-5965. As last 3 hours trading with mixed intraday patterns therefore more follow up consolidation is required for valid break out of 17 sessions range(5823-5965).

Now next moves preparation trading range is 5865-5965 in all types of sentiments. Although finally rally above 5865 is expected but firstly follow up consolidations is must to cross above mentioned strong resistance.

Mid-session Outlook(26-12-2012)

Indian markets are more than .75% up today but it was was projected in our both previous Outlooks and following lines were told:-

1- We told in Mid-session Outlook(24-12-2012):-"lower levels supports and emergence of consolidation patterns also therefore fresh up move hopes turned alive today"
2- Today at 08:09 AM in Technical Analysis and Research For 26-12-2012:-"Lower levels supports with intraday consolidation patterns therefore fresh up move hopes turned alive on 24-12-2012"

First resistance forcefully crossed after more than 8 hours consolidations but strong resistances between 5910-5965 therefore now more follow up consolidation is required for valid break out of 17 sessions range. Sustaining above 5965 should be firstly watched now for Sub Wave-5 of Wave-3 strong rally confirmations.

Technical Analysis and Research For 26-12-2012

Nifty-Intra Day Chart (24-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5846-5856
2- Whole day actual trading between 5846-5871

Conclusions from intra day chart analysis 

Lower levels supports with intraday consolidation patterns therefore fresh up move hopes turned alive on 24-12-2012 but good selling at higher levels and development of strong multiple resistances also in last 16 sessions sideways trading therefore follow up complete consolidation is required in the coming sessions and sustaining beyond next first resistance range(5868-5882) will be fresh up moves confirmation.

Long Term Trend is up,Short Term is down and Intermediate Term is sideways between(5823-5965) for the last 16 sessions with lower levels supports and higher levels resistances. Indian markets are not prepared for any side decisive trend and will firstly trade within 5823-5965. Follow up moves and valid break out of following ranges should be firstly watched for:-

1- Next trend first strong indication 5846-5882
2- Next trend first confirmations 5823-5965

FII Trading Data in Derivatives Segment on 24-Dec-2012

FII & DII trading activity in Capital Market Segment on 24-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 24-Dec-2012 1631.39 1171.72 459.67

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 24-Dec-2012 542.53 780.79 -238.26