4 Topics for Next week Trading have already been updated and more topics will also be posted before the opening of next Monday markets.

Cross-Over of Crucial Resistances

Nifty-EOD Chart(03-Feb-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 6339 on 05-11-2010
2- 4532 on 20-12-2011
3-Nifty closing above trend Reversal 123 Sessions sideways market between 4720-5229.
4- Closing at 5325.85 on 03-02-2012

Three  Bullish cross overs on 01-02-2012

1- Sustaining above 200 Day(SMA)-5190
2- Sustaining above 200 Day(EMA)-5135
3- Sustaining above 123 sessions sideways trading range(5229)

Conclusions from EOD chart analysis 

All trends are up after Dec 2011 sharp rally and cross-Over of above mentioned crucial resistances also in previous week.

Nifty-Micro Analysis of Intra Day Chart of 03-02-2012

Nifty-Intra Day Chart(03Feb-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5256-5271.
2- Sharp surge
3- Up moves in Rising channel with Bearish rising wedge formation.
4- Rising Channel Broken down in last minutes.
5- Whole day trading between 5256-5333

Conclusions from intra day chart analysis 

Strong rally after lower levels support but last one hour moves in Rising channel with Bearish rising wedge formation therefore minor intraday correction signals also from Intraday charts formations.

Strong Bullish rally is on and most of the times markets completes very short term and minor corrections within sideways markets or at higher levels also in most Bullish intraday sentiments. Although minor distribution formations but until follow up selling will not develop in the coming sessions till then any decisive down move will not be considered.

Bullish 'W' formations

Nifty-EOD Chart(03-Feb-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Correction begun from 6338 on 05-11-2010
2- Lowest of 13 months correction at 5431.15 on 20-12-2011
3- Gap down opening on 05-08-5011 with intraday high at 5229
4- 123 sessions sideways market after gap down opening on 05-08-5011
5- Bullish 'W' formation at the bottom of 13 months correction.

Conclusions from EOD chart analysis 

Strong indication of 13 months down trend reversal through Bullish 'W' formation at the bottom of 13 months correction.

803 Nifty Points Strong Rally from 13th(Fibonacci number) Month

Nifty-Monthly Chart(03-Feb-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Correction begun from 6338 on 05-11-2010
2- 13 Months correction
3- Lowest of 13 months correction at 5431.15 on 20-12-2011
4- 803 Nifty Points Strong Rally begun from 13th Month

Conclusions from monthly chart analysis 

Financial markets have a high probability tendency of reversing on a Fibonacci number. As Stong and sharp rally seen from 20-12-2011 in the 13th month and 13 is a Fibonacci number also therefore following possibilities are high:-

1- Lowest of 13 months correction at 5431.15.
2- Correction completion in the 13th month.
3- Trend reversal of 13 months down trend.

Importance of 13 months Fibonacci number is not being told today after watching strong rally but we told about it many times in previous Outlooks as well its importance was updated in following seperate topic on 03-12-2011 also.


Just Click following topic link and understand Indian markets rally in 2012:-

New Historical Highs in 2012

FII Trading Data in Derivatives Segment on 03-Feb-2012

FII & DII trading activity in Capital Market Segment on 03-Feb-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 03-Feb-2012 3193.37 2119.16 1074.21

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 03-Feb-2012 1016.04 1931.62 -915.58

Indian Stock Markets Closing Reports(03-Feb-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except Metals.
2- Strong rally above 5300.
3- White Candle formations.

Ratios

Nifty Put Call Ratio: 1.10
Nifty P/E Ratio(03-Feb-2012): 18.97

Advances & Declines

BSE Advances : 1713
BSE Declines : 1184
NSE Advances : 879
NSE Declines : 560

Nifty Open Interest Changed Today

Nifty- 5200 CE(Feb)- -435600(-11.44%)
Nifty- 5200 PE(Feb)- +1388950(+29.24%)

Nifty- 5300 CE(Feb)- -631500(-10.93%)
Nifty- 5300 PE(Feb)- +924250(+40.01%)

Nifty- 5400 CE(Feb)- -113050(-2.13%)
Nifty- 5400 PE(Feb)- +341300(+39.50%)

Closing 

Nifty- closed at 5,325.85(+55.95 Points & +1.06%)
Sensex- closed at 17,604.96(+173.11 Points & +0.99% )
CNX Midcap - closed at 7,324.15(+98.25 Points & +1.36%)
BSE Smallcap- closed at 6,686.55(+77.58 Points & +1.17%)

Nifty Spot-Levels & Trading Strategy for 06-02-2012

Nifty Spot-Levels

R3 5433
R2 5383
R1 5354
Avg 5304
S1 5275
S2 5225
S3 5196

Nifty Spot-Trading Strategy

H6 5405     Trgt 2
H5 5386     Trgt 1
H4 5368     Long breakout
H3 5346     Go Short
H2 5339
H1 5332
L1 5317
L2 5310
L3 5303     Long
L4 5281     Short Breakout
L5 5263     Trgt 1
L6 5244     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 06-02-2012

Nifty(Feb Fut)-Levels

R3 5473
R2 5415
R1 5380
Avg 5322
S1 5287
S2 5229
S3 5194

Nifty(Feb Fut)-Trading Strategy

H6 5439     Trgt 2
H5 5417     Trgt 1
H4 5396     Long breakout
H3 5370     Go Short
H2 5362
H1 5353
L1 5336
L2 5327
L3 5319     Long
L4 5293     Short Breakout
L5 5272     Trgt 1
L6 5250     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 06-02-2012

Bank Nifty(Feb Fut)-Levels

R3 10544
R2 10364
R1 10259
Avg 10079
S1 9974
S2 9794
S3 9689

Bank Nifty(Feb Fut)-Trading Strategy

H6 10446     Trgt 2
H5 10378     Trgt 1
H4 10310     Long breakout
H3 10232     Go Short
H2 10206
H1 10180
L1 10127
L2 10101
L3 10075     Long
L4 9997     Short Breakout
L5 9929     Trgt 1
L6 9861     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Feb 06 to Feb 10,2012)

Nifty Spot-Weekly Levels

R3 5597
R2 5443
R1 5384
Avg 5230
S1 5171
S2 5017
S3 4958

Nifty Spot-Weekly Trading Strategy 

H6 5548     Trgt 2
H5 5495     Trgt 1
H4 5442     Long breakout
H3 5383     Go Short
H2 5364
H1 5344
L1 5305
L2 5285
L3 5266     Long
L4 5207     Short Breakout
L5 5154     Trgt 1
L6 5101     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Feb 06 to Feb 10,2012)

Bank Nifty Spot-Weekly Levels

R3 11006
R2 10582
R1 10357
Avg 9933
S1 9708
S2 9284
S3 9059

Bank Nifty Spot-Weekly Trading Strategy 

H6 10824     Trgt 2
H5 10657     Trgt 1
H4 10489     Long breakout
H3 10311     Go Short
H2 10251
H1 10192
L1 10073
L2 10014
L3 9954     Long
L4 9776     Short Breakout
L5 9608     Trgt 1
L6 9441     Trgt 2

Pre-Closing Outlook(03-02-2012)

All trends upward confirmations at the weekend and blasting Bullish rally is on. Although minor down moves and very short term corrections may be seen any day after intraday selling but until complete selling patterns will not emerge till then short term correction will not be seen.  

Mid-session Outlook(03-02-2012)

Minor intraday down moves and trading between 5256-5279 seen today after Intraday selling between 5272-5289 yesterday. Minor intraday support also seen at lower levels today.

Range of 5256-5289 should be watched for next moves confitmations because mixed technical positions between this range today and yesterday.

NIFTY-Feb F&O-1st Shorting of 02-02-2012-Covering

NIFTY Feb F & O(Shorted on 02-02-2012)-Cover immediately-CMP-5286

NIFTY-Feb F&O-1st Shorting of 02-02-2012-Message

NIFTY-Feb F&O-1st Shorting of 02-02-2012-Market will be volatile therefore hold and cover after my covering message

Nifty-Micro Analysis of Intra Day Chart For 03-02-2012

Nifty-Intra Day Chart(02-Feb-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling patterns between 5272-5289.
2- High volatility after S.C.judgement on 2G Scam.
3- Doji candle formation
4- Whole day trading between 5226-5289

Conclusions from intra day chart analysis 

Intraday supports at lower leves after high volatility due to negative news of S.C.judgement on 2G Scam but clear intraday selling patterns at higher levels also therefore minor intraday correction is due and that will be seen today.

FII Trading Data in Derivatives Segment on 02-Feb-2012

FII & DII trading activity in Capital Market Segment on 02-Feb-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 02-Feb-2012 5157.5 3216.27 1941.23

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 02-Feb-2012 1488.05 2141.19 -653.14

Indian Stock Markets Closing Reports(021-Feb-2012)

Main features of today trading are as follows

1- All the Indices closed in Green.
2- Doji candle formation in both NIFTY and SENSEX.
3- S.C.judgement on 2G Scam based highly volatile market today.

Ratios

Nifty Put Call Ratio: 1.16
Nifty P/E Ratio(021-Feb-2012): 18.77

Advances & Declines

BSE Advances : 1575
BSE Declines : 1305
NSE Advances : 802
NSE Declines : 652

Nifty Open Interest Changed Today

Nifty- 5100 CE(Feb)- -284550(-12.01%)
Nifty- 5100 PE(Feb)- +1139800(+20.59%)

Nifty- 5200 CE(Feb)- -153800(-3.81%)
Nifty- 5200 PE(Feb)- +1362450(+37.71%)

Nifty- 5300 CE(Feb)- -24700(-0.42%)
Nifty- 5300 PE(Feb)- +782400(+48.77%)

Closing 

Nifty- closed at 5,269.90(+34.20 Points & +0.65%)
Sensex- closed at 17,431.85(+131.27 Points & +0.76% )
CNX Midcap - closed at 7,225.90(+37.50 Points & +0.52%)
BSE Smallcap- closed at 6,608.97(+35.39 Points & +0.54%)