Pre-Closing Outlook(17-08-2012)

As good selling at higher levels yesterday therefore following possibility was projected in Technical Analysis and Market Outlook(17-08-2012)-

1- firstly down moves are expected
2- very short term correction confirmation  to test next support range(5290-5320).
3- Follow up consolidation is must in the coming sessions for decisive up moves above 5400.

Today trading between 5341-5399 with higher levels selling and lower levels buying also therefore firstly indian markets will trade and prepare for next moves within this range. As good supports below 5341 between 5290-5320 therefore deeper correction confirmation will be sustaining below 5290. Sustaining above 5400 will mean strong fast rally and next trend confirmation will be sustaining beyond 5290-5400.

Mid-session Outlook(17-08-2012)

Fall after CAG report in Rajya Sabha and sustaining below 5357 will be very short term correction confirmation  to test next support range(5290-5320).

Post-open Outlook(17-08-2012)

Trading between yesterday range after good opening. Yesterday weaker intraday supports have been honoured but good selling at higher levels also therefore indian markets have to firstly prepare for next decisive moves beyond yesterday intraday trading range.

As good opening today therefore possibility of correction completion within sideways markets is expected. Nifty will firstly trade between yesterday trading range(5357-5390) and sustaining beyond this range will be next trend confirmation.

Technical Analysis and Market Outlook(17-08-2012)

Nifty-Intra Day Chart (16-Aug-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5374-5382
2- Buying between 5357-5370
3- Whole day trading between 5357-5390

Conclusions from intra day chart analysis 

As good selling at higher levels and minor buying at lower levels therefore firstly down moves are expected and sustaining below 5357 will be very short term correction confirmation  to test next support range(5290-5320).

Coming sessions will be range bound between 5290-5390 because good supports are lower levels and good selling seen at higher levels also. Follow up consolidation is must in the coming sessions for decisive up moves above 5400.

FII Trading Data in Derivatives Segment on 16-Aug-2012

FII & DII trading activity in Capital Market Segment on 16-Aug-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 16-Aug-2012 2447.9 2352.89 95.01

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Aug-2012 1259.33 1034.03 225.3

Nifty Spot-Levels & Trading Strategy for 17-08-2012

Nifty Spot-Levels

R3 5416
R2 5403
R1 5382
Avg 5369
S1 5348
S2 5335
S3 5314

Nifty Spot-Trading Strategy

H6 5396     Trgt 2
H5 5388     Trgt 1
H4 5380     Long breakout
H3 5371     Go Short
H2 5368
H1 5365
L1 5358
L2 5355
L3 5352     Long
L4 5343     Short Breakout
L5 5335     Trgt 1
L6 5327     Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 17-08-2012

Nifty(Aug Fut)-Levels

R3 5436
R2 5423
R1 5402
Avg 5389
S1 5368
S2 5355
S3 5334

Nifty(Aug Fut)-Trading Strategy

H6 5416     Trgt 2
H5 5408     Trgt 1
H4 5400     Long breakout
H3 5391     Go Short
H2 5388
H1 5385
L1 5378
L2 5375
L3 5372     Long
L4 5363     Short Breakout
L5 5355     Trgt 1
L6 5347     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 17-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10726
R2 10668
R1 10570
Avg 10512
S1 10414
S2 10356
S3 10258

Bank Nifty(Aug Fut)-Trading Strategy

H6  10628    Trgt 2
H5  10593    Trgt 1
H4  10557    Long breakout
H3  10514    Go Short
H2  10500
H1  10486
L1  10457
L2  10443
L3  10429    Long
L4  10386   Short Breakout
L5  10350    Trgt 1
L6  10315    Trgt 2

Pre-Closing Outlook(16-08-2012)

Only 19 points range 5367-5386) was given for next moves preparation and Nifty hovered around this range first 5 hours with trading between 5362.00-5,390.65.

Whole day trading between 5356.65-5,390.65 today with higher levels selling patterns but intraday patterns are showing lower levels consolidations formations also therefore sustaining below 5367 should be firstly watched for next trend confirmations.

Mid-session Outlook(16-08-2012)

Next trading range of 5367-5386 was given at 09:42 AM today and Nifty hovered around this range during last 3 hours as well as traded between 5364.35-5390.65. As mixed intraday trading patterns between 5367-5386 on 15-08-2012 therefore Indian markets were not prepared for any side decisive move and preparations was required,it is being done today within narrow range side ways moves.

Sustaining beyond 5367-5386 should be firstly watched for next trend confirmations. 

Post-open Outlook(16-08-2012)

As more than 3 hours mixed intraday patterns between 5367-5386 on 14-08-2012 therefore following line was told on 15-08-2012:-

1- more consolidation is required for a sustained rally above 5386.
2- consolidation is first demand for next up moves above 5400.

Expected that Nifty will firstly trade most time within mentioned Mixed Patterns range(5367-5386) and prepare for next moves.Finally next moves first indication will be sustaining beyond mentioned mixed patterns range and should be firstly watched also. 

Follow up consolidation required for next Rally above 5400

Nifty-Micro Analysis of Intra Day Chart For 16-08-2012

Nifty-Intra Day Chart (14-Aug-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5330-5355
2- Mixed Patterns between 5367-5386
3- Whole day trading between 5330-5386

Conclusions from intra day chart analysis 

Although closing near the highs of the day but last more than 3 hours trading with mixed intraday patterns therefore more consolidation is required for a sustained rally above 5386.

As mixed intraday patterns more than 3 hours therefore colsolidation is firstly required for a decisive rally. Finally rally is expected but follow up consolidation is first demand for next up moves above 5400.

Indian Stock Markets Closing Reports(14-Aug-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.
2- White Candle formation.
3- Closing near day's highs.

Ratios

Nifty Put Call Ratio: 1.21
Nifty P/E Ratio(14-Aug-2012): 17.88

Advances & Declines

BSE Advances : 1378
BSE Declines : 1423
NSE Advances :  738
NSE Declines :  691

Nifty Open Interest Changed Today

Nifty- 5100 CE(Aug)- -153,450(-8.77%)
Nifty- 5100 PE(Aug)- -371,350(-371,350%)

Nifty- 5200 CE(Aug)- -386,150(-12.70%)
Nifty- 5200 PE(Aug)- -147,850(-1.84%)

Nifty- 5300 CE(Aug)- -416,700(-10.08%)
Nifty- 5300 PE(Aug)-  1,019,950(13.46%)

Nifty- 5400 CE(Aug)- -695,900(-10.08%)
Nifty- 5400 PE(Aug)-  581,350(18.40%)

Nifty- 5500 CE(Aug)- 407,150(4.75%)
Nifty- 5500 PE(Aug)- 40,350(3.52%)

Closing 

Nifty- closed at 5,380.35(32.45 Points & 0.61%)
Sensex- closed at 17,731.59(98.14 Points & 0.56% )
CNX Midcap - closed at 7,303.45(13.80 Points & 0.19%)
BSE SMLcap- closed at 6,596.40(16.48 Points & 0.25%)

FII Trading Data in Derivatives Segment on 14-Aug-2012

FII & DII trading activity in Capital Market Segment on 14-Aug-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 14-Aug-2012 1971.71 1713.5 258.21

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-Aug-2012 1006.49 930.77 75.72

Nifty Spot-Levels & Trading Strategy for 16-08-2012

Nifty Spot-Levels

R3 5461
R2 5424
R1 5402
Avg 5365
S1 5343
S2 5306
S3 5284

Nifty Spot-Trading Strategy

H6  5439    Trgt 2
H5  5426    Trgt 1
H4  5412    Long breakout
H3  5396    Go Short
H2  5390
H1  5385
L1  5374
L2  5369
L3  5363    Long
L4  5347   Short Breakout
L5  5333    Trgt 1
L6  5320    Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 16-08-2012

Nifty(Aug Fut)-Levels

R3 5490
R2 5453
R1 5429
Avg 5392
S1 5368
S2 5331
S3 5307

Nifty(Aug Fut)-Trading Strategy

H6 5467     Trgt 2
H5 5453     Trgt 1
H4 5439     Long breakout
H3 5422     Go Short
H2 5417
H1 5411
L1 5400
L2 5394
L3 5389     Long
L4 5372     Short Breakout
L5 5358     Trgt 1
L6 5344     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 16-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10832
R2 10723
R1 10649
Avg 10540
S1 10466
S2 10357
S3 10283

Bank Nifty(Aug Fut)-Trading Strategy

H6 10761     Trgt 2
H5 10719     Trgt 1
H4 10676     Long breakout
H3 10626     Go Short
H2 10609
H1 10592
L1 10559
L2 10542
L3 10525    Long
L4 10475     Short Breakout
L5 10432     Trgt 1
L6 10390     Trgt 2

As busy today therefore Blog will be updated tomorrow.

Although market slipped form intraday higher levels but view is not Bearish.