Although most of the time narrow range quiet trading within 12 points between 5898-5910 with intraday consolidation patterns but intraday volatility after 02:30 PM and also slipping from higher levels as well as again trading within previous range(5898-5910). As some selling patterns also seen after 02:30 PM after previous consolidations therefore mixed intraday patterns and valid break out of today trading range(5898-5919) should be firstly watched tomorrow for next moves confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(31-12-2012)
Last 3 hours narrow range quiet trading within 12 points between 5898-5910 with intraday consolidation patterns and valid break out of following levels should be firstly watched for:-
1- 5917 for next up moves strong indication.
2- 5965 for next rally confirmation.
As consolidation going on therefore Nifty may slip without force and support getting near about next support(5880) should also be watched for supports getting confirmations.
1- 5917 for next up moves strong indication.
2- 5965 for next rally confirmation.
As consolidation going on therefore Nifty may slip without force and support getting near about next support(5880) should also be watched for supports getting confirmations.
Bulls will Welcome in 2013
Nifty-Monthly Chart (28-Dec-2012):-
Technical Patterns and Formations in Monthly charts
1- 6357.10 on 08-01-2008(All time high)
2- 2252.75 on 27-10-2008(Correction completion)
3- Impulsive Wave-1(6338.50 on 05-11-2010)
4- Corrective Wave-2(4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion)
5- Impulsive Wave-3 is on
Corrective Wave-2 completed at 4531.15 on 20-12-2011 and we told following line at 01:58 AM on 22-12-2011:-
Just click following topic link and verify our above statement on yours own as well as understand technical reasons of 2012 rally:-
When Indian markets were most Bearish after 13 months correction then we told more than 50 times for strong rally with technical reasons in Dec 2011 and Jan 2012.. Analysts may visit Archive of our Blog and understand technical reasons of 2012 rally. Impulsive Wave-3 is on and its strong up moves possibilities have also been updated one year before in following topic on 03-12-2011
Although new historical highs could not be formed in 2012 but impulsive Wave-3 is on and Indian markets are Bullish. Expected that blasting impulsive Wave-5 rally will also be seen in 2013 and:-
1- Fast rally will be seen toward all time high in 2013.
2- Those higher levels will be also seen in 2013 which were considered in Jan 2008 and Jan 2011.
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| Just click on chart for its enlarged view |
1- 6357.10 on 08-01-2008(All time high)
2- 2252.75 on 27-10-2008(Correction completion)
3- Impulsive Wave-1(6338.50 on 05-11-2010)
4- Corrective Wave-2(4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion)
5- Impulsive Wave-3 is on
Conclusions from EOD chart analysis
Corrective Wave-2 completed at 4531.15 on 20-12-2011 and we told following line at 01:58 AM on 22-12-2011:-
2012 will prove Bullish year after all corrections completion in 2011
Just click following topic link and verify our above statement on yours own as well as understand technical reasons of 2012 rally:-
When Indian markets were most Bearish after 13 months correction then we told more than 50 times for strong rally with technical reasons in Dec 2011 and Jan 2012.. Analysts may visit Archive of our Blog and understand technical reasons of 2012 rally. Impulsive Wave-3 is on and its strong up moves possibilities have also been updated one year before in following topic on 03-12-2011
Although new historical highs could not be formed in 2012 but impulsive Wave-3 is on and Indian markets are Bullish. Expected that blasting impulsive Wave-5 rally will also be seen in 2013 and:-
1- Fast rally will be seen toward all time high in 2013.
2- Those higher levels will be also seen in 2013 which were considered in Jan 2008 and Jan 2011.
Live Proofs of our Accurate Levels
1- Post-open Outlook- "next up moves also can not be ruled out but firstly sustaining beyond 5904-5917 should be watched for next moves confirmations"
2- Mid-session Outlook- "Next first up move will be considered above 5917"
3- Pre-Closing Outlook- "sustaining beyond 5865-5917 will be firstly watched for next next trend first indication"
Up moves seen as per our expectation and also Nifty could not move above 5917 according to our given condition of sustaining above 5917.
Today highest of NIFTY was at 5915.75.
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Such proofs were produced yesterday also in following topic link.Just click and verify on yours own:-
FII & DII trading activity in Capital Market Segment on 28-Dec-2012
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Indian Stock Markets Closing Reports(28-Dec-2012)
1- All Indices closed in Green except CNX PHARMA and CNX REALTY.
2- Whole day positive trading after Green opening.
3- White Candle formations.
Ratios
Index Options Put Call Ratio: 1.16
Total Options Put Call Ratio: 1.07
Nifty P/E Ratio(28-Dec-2012): 18.42
Advances & Declines
BSE Advances : 1,472
BSE Declines : 1,403
NSE Advances : 731
NSE Declines : 691
Nifty Open Interest Changed Today
Nifty- 5800 CE(Jan)- 49,500(-4.11%)
Nifty- 5800 PE(Jan)- 971,350(24.47%)
Nifty- 5900 CE(Jan)- 153,650(5.80%)
Nifty- 5900 PE(Jan)- 836,300(28.49%)
Nifty- 6000 CE(Jan)- 405,650(8.70%)
Nifty- 6000 PE(Jan)- 180,500(8.08%)
Nifty- 6100 CE(Jan)- 849,900(29.31%)
Nifty- 6100 PE(Jan)- 41,050(7.16%)
Closing
Sensex- closed at 19,444.84(121.04 Points & 0.63%)
Nifty- closed at 5,908.35(38.25 Points & 0.65%)
CNX Midcap - closed at 8,468.45(72.95 Points & 0.87%)
CNX Smallcap- closed at 3,685.10(9.55 Points & 0.26%)
Nifty Spot-Levels & Trading Strategy for 31-12-2012
R3 5958
R2 5936
R1 5922
Avg 5900
S1 5886
S2 5864
S3 5850
Nifty Spot-Trading Strategy
H6 5944 Trgt 2
H5 5935 Trgt 1
H4 5927 Long breakout
H3 5917 Go Short
H2 5914
H1 5911
L1 5904
L2 5901
L3 5898 Long
L4 5888 Short Breakout
L5 5880 Trgt 1
L6 5871 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 31-12-2012
R3 5996
R2 5978
R1 5966
Avg 5948
S1 5936
S2 5918
S3 5906
Nifty(Jan Fut)-Trading Strategy
H6 5984 Trgt 2
H5 5977 Trgt 1
H4 5970 Long breakout
H3 5962 Go Short
H2 5959
H1 5956
L1 5951
L2 5948
L3 5945 Long
L4 5937 Short Breakout
L5 5930 Trgt 1
L6 5923 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 31-12-2012
R3 12706
R2 12654
R1 12611
Avg 12559
S1 12516
S2 12464
S3 12421
Bank Nifty(Jan Fut)-Trading Strategy
H6 12663 Trgt 2
H5 12641 Trgt 1
H4 12620 Long breakout
H3 12594 Go Short
H2 12585
H1 12576
L1 12559
L2 12550
L3 12541 Long
L4 12515 Short Breakout
L5 12494 Trgt 1
L6 12472 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Dec 31 2012 to Jan 04,2013)
R3 6030
R2 5980
R1 5944
Avg 5894
S1 5858
S2 5808
S3 5772
Nifty Spot-Weekly Trading Strategy
H6 5994 Trgt 2
H5 5975 Trgt 1
H4 5955 Long breakout
H3 5931 Go Short
H2 5923
H1 5915
L1 5900
L2 5892
L3 5884 Long
L4 5860 Short Breakout
L5 5840 Trgt 1
L6 5821 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Dec 31 2012 to Jan 04,2013)
R3 12824
R2 12674
R1 12566
Avg 12416
S1 12308
S2 12158
S3 12050
Bank Nifty Spot-Weekly Trading Strategy
H6 12720 Trgt 2
H5 12659 Trgt 1
H4 12599 Long breakout
H3 12528 Go Short
H2 12505
H1 12481
L1 12434
L2 12410
L3 12387 Long
L4 12316 Short Breakout
L5 12256 Trgt 1
L6 12195 Trgt 2
Pre-Closing Outlook(28-12-2012)
Whole day sideways quiet range bound market between 5879-5909 today after positive opening with selling patterns formations above 5900. Although selling within and below next immediate resistance range(5904-5917) but supports getting also at lower levels therefore sustaining beyond 5865-5917 will be firstly watched for next next trend first indication.
Mid-session Outlook(28-12-2012)
Up moves after positive opening but not crossing next resistance range(5904-5917) and emergence of selling signals above 5900 today. Next first up move will be considered above 5917.
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.
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):-
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
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.
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| Just click on chart for its enlarged view |
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
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
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
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
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