As sentiment is strong therefore Indian markets did not crashed despite below expectations and disappointing IIP data. Although Nifty is trading above 5400 since opening today but intraday patterns are signalling selling patterns also at today higher levels therefore sustaining above 5395 will be firstly watched today for fresh phase of rally confirmation above 5400.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
confirmations required through sustaining beyond 5395
Nifty-Micro Analysis of 4 days Intra Day Chart(Feb 06 to Feb 09,2012)
Nifty-Intra Day Chart(Feb 06 to Feb 08,2012):-
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| Just click on chart for its enlarged view |
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in last 4 sessions intraday charts
1- Selling between 5365-5395 in first 3 days.
2- Support between 5322-5355 in first 3 days.
3- Mixed patterns in first 3 days.
4- Last one hour trading between 5325-5380 on 08-02-2012
5- Whole day except last half trading between 5325-5380 on 09-02-2012 with intraday mixed patterns
6- Four days range forceful break out in last hour on 09-02-2012 despite mixed intraday trading almost whole day.
Conclusions from last 4 sessions intra day chart analysis
Higher levels selling and lower levels buying in first 3 sessions between 5322-5395 and again mixed intraday patterns trading within 5325-5380 upto 03:00 PM on 09-02-2012.
Forceful break out in last half hour on 09-02-2012 despite mixed intraday trading almost whole day before this break out.
Just watch firstly sustaining beyond 5395 in the coming couple of sessions and finally sustaining above 5395 will mean fresh strong rally after very short term correction completion in sideways moves between 5322-5395.
As Break out on 09-02-2012 is after 4 days mixed intraday trading patterns theredore firstly confirmation is requied through sustaining above 5395 in the coming couple of sessions.
Indian Stock Markets Closing Reports(09-Feb-2012)
Main features of today trading are as follows
1- Good recovery from lower levels.
2- All the Indices closed in Green except CG and HC.
3- Long White Candle.
Ratios
Nifty Put Call Ratio: 1.21
Nifty P/E Ratio(09-Feb-2012): 19.30
Advances & Declines
BSE Advances : 1816
BSE Declines : 1086
NSE Advances : 994
NSE Declines : 472
Nifty Open Interest Changed Today
Nifty- 5300 CE(Feb)- -327200(-7.86%)
Nifty- 5300 PE(Feb)- +1197850(+21.10%)
Nifty- 5400 CE(Feb)- -189250(-3.23%)
Nifty- 5400 PE(Feb)- +1094250(+34.98%)
Nifty- 5500 CE(Feb)- -71750(-1.11%)
Nifty- 5500 PE(Feb)- +190700(+15.37%)
Closing
Nifty- closed at 5,412.35(+44.20 Points & +0.82%)
Sensex- closed at 17,830.75(+123.43 Points & +0.70% )
CNX Midcap - closed at 7,533.60(+98.10 Points & +1.32%)
BSE Smallcap- closed at 6,892.49(+80.34 Points & +1.18%)
1- Good recovery from lower levels.
2- All the Indices closed in Green except CG and HC.
3- Long White Candle.
Ratios
Nifty Put Call Ratio: 1.21
Nifty P/E Ratio(09-Feb-2012): 19.30
Advances & Declines
BSE Advances : 1816
BSE Declines : 1086
NSE Advances : 994
NSE Declines : 472
Nifty Open Interest Changed Today
Nifty- 5300 CE(Feb)- -327200(-7.86%)
Nifty- 5300 PE(Feb)- +1197850(+21.10%)
Nifty- 5400 CE(Feb)- -189250(-3.23%)
Nifty- 5400 PE(Feb)- +1094250(+34.98%)
Nifty- 5500 CE(Feb)- -71750(-1.11%)
Nifty- 5500 PE(Feb)- +190700(+15.37%)
Closing
Nifty- closed at 5,412.35(+44.20 Points & +0.82%)
Sensex- closed at 17,830.75(+123.43 Points & +0.70% )
CNX Midcap - closed at 7,533.60(+98.10 Points & +1.32%)
BSE Smallcap- closed at 6,892.49(+80.34 Points & +1.18%)
FII & DII trading activity in Capital Market Segment on 09-Feb-2012
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Nifty Spot-Levels & Trading Strategy for 10-02-2012
Nifty Spot-Levels
R3 5529
R2 5476
R1 5444
PIVOT 5391
S1 5359
S2 5306
S3 5274
Nifty Spot-Trading Strategy
H6 5498 Trgt 2
H5 5478 Trgt 1
H4 5458 Long breakout
H3 5435 Go Short
H2 5427
H1 5419
L1 5404
L2 5396
L3 5388 Long
L4 5365 Short Breakout
L5 5345 Trgt 1
L6 5325 Trgt 2
R3 5529
R2 5476
R1 5444
PIVOT 5391
S1 5359
S2 5306
S3 5274
Nifty Spot-Trading Strategy
H6 5498 Trgt 2
H5 5478 Trgt 1
H4 5458 Long breakout
H3 5435 Go Short
H2 5427
H1 5419
L1 5404
L2 5396
L3 5388 Long
L4 5365 Short Breakout
L5 5345 Trgt 1
L6 5325 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 10-02-2012
Nifty(Feb Fut)-Levels
R3 5637
R2 5544
R1 5490
PIVOT 5397
S1 5343
S2 5250
S3 5196
Nifty(Feb Fut)-Trading Strategy
H6 5587 Trgt 2
H5 5552 Trgt 1
H4 5517 Long breakout
H3 5477 Go Short
H2 5463
H1 5450
L1 5423
L2 5410
L3 5396 Long
L4 5356 Short Breakout
L5 5321 Trgt 1
L6 5286 Trgt 2
R3 5637
R2 5544
R1 5490
PIVOT 5397
S1 5343
S2 5250
S3 5196
Nifty(Feb Fut)-Trading Strategy
H6 5587 Trgt 2
H5 5552 Trgt 1
H4 5517 Long breakout
H3 5477 Go Short
H2 5463
H1 5450
L1 5423
L2 5410
L3 5396 Long
L4 5356 Short Breakout
L5 5321 Trgt 1
L6 5286 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 10-02-2012
Bank Nifty(Feb Fut)-Levels
R3 10996
R2 10799
R1 10675
PIVOT 10478
S1 10354
S2 10157
S3 10033
Bank Nifty(Feb Fut)-Trading Strategy
H6 10880 Trgt 2
H5 10803 Trgt 1
H4 10727 Long breakout
H3 10639 Go Short
H2 10609
H1 10580
L1 10521
L2 10492
L3 10462 Long
L4 10374 Short Breakout
L5 10298 Trgt 1
L6 10221 Trgt 2
R3 10996
R2 10799
R1 10675
PIVOT 10478
S1 10354
S2 10157
S3 10033
Bank Nifty(Feb Fut)-Trading Strategy
H6 10880 Trgt 2
H5 10803 Trgt 1
H4 10727 Long breakout
H3 10639 Go Short
H2 10609
H1 10580
L1 10521
L2 10492
L3 10462 Long
L4 10374 Short Breakout
L5 10298 Trgt 1
L6 10221 Trgt 2
Pre-Closing Outlook(09-02-2012)
As last 3 days range forcefully broken out therefore sustaining above 5395 tomorrow will mean continuation of running rally after correction completion within 5322-5395
73 Nifty Points small range will decide next Big Moves
Mid-session Outlook(09-02-2012)
Technical positions of last 3 sessions and today are as follows:-
1- Selling between 5365-5395
2- Support between 5322-5355
3- Last one hour yesterday trading between 5325-5380
4- First 3 hours today trading between 5339-5365
First Indication:-
Both lower levels minor support and higher levels selling was seen between 5325-5380 in last 1 hour yesterday and Nifty is trading as well as preparing for next moves between this range since opening today.Although intraday patterns are showing selling signals therefore down side possibilities are increasing but next moves first strong indication will be crossing of 5325-5380.
73 Points next Trend Confirmation Range; 5322-5355
1- Deeper correction confirmation will be after sustaining below 5322.
2- Correction completion within sideways market and then Fresh upmoves confirmation will be after sustaining above 5395.
Correction is on Cards
Nifty-Indicators Analysis in Daily Chart(08-Feb-2012):-
1- Three days sideways market.
2- Bollinger Band is continuously moving along with Upper Band and showing maturity of up trend.
3- All indicators are either in overbought zone or just below and showing possibility of correction to cool down indicators. .
4- Divergence in overbought zone also and showing that market which is prepared for correction also.
5- ADX is above 60 and near its peaking level.
Nifty-Intra Day Chart(Feb 06 to Feb 08,2012):-
1- Selling between 5365-5395
2- Support between 5322-5355
3- Three days trading between 5322-5395
889 Nifty points rally and above mentioned signals are suggesting that Indian markets are preparing for correction. As Running rallies corrects within sideways markets therefore this possibility will be firstly kept in mind:-
1- As good selling at higher levels in last 3 sessions therefore until Nifty will not sustain above 5395 till then further rally will not be considered.
2- As lower levels supportsnabove 5322 also seen in last 3 sessions therefore correction completion possibility between sideways moves is still alive.
Indian markets are almost mature for correction and sustaining above 5322 will be firstly watched but its breaking down will mean that short term correction which may be deep also.
As good selling at higher levels in last 3 sessions and 889 Nifty points rally require sufficient correction therefore expected that Nifty will slip below 5322 and posssibility of next support testing near 5250/5100 can not be ruled out.
Last 3 sessions trading between 5322-5395 and sustaining beyond this range will finally reply all questions regarding expected correction therefore it is next moves confirmation range and should be firstly watched.
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| Just click on chart for its enlarged view |
Indicators analysis in Daily chart
1- Three days sideways market.
2- Bollinger Band is continuously moving along with Upper Band and showing maturity of up trend.
3- All indicators are either in overbought zone or just below and showing possibility of correction to cool down indicators. .
4- Divergence in overbought zone also and showing that market which is prepared for correction also.
5- ADX is above 60 and near its peaking level.
Nifty-Micro Analysis of 3 days Intra Day Chart(Feb 06 to Feb 08,2012)
Nifty-Intra Day Chart(Feb 06 to Feb 08,2012):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in last 3 sessions intraday charts
1- Selling between 5365-5395
2- Support between 5322-5355
3- Three days trading between 5322-5395
Conclusions (After Putting All Indicators Together)
889 Nifty points rally and above mentioned signals are suggesting that Indian markets are preparing for correction. As Running rallies corrects within sideways markets therefore this possibility will be firstly kept in mind:-
1- As good selling at higher levels in last 3 sessions therefore until Nifty will not sustain above 5395 till then further rally will not be considered.
2- As lower levels supportsnabove 5322 also seen in last 3 sessions therefore correction completion possibility between sideways moves is still alive.
Indian markets are almost mature for correction and sustaining above 5322 will be firstly watched but its breaking down will mean that short term correction which may be deep also.
As good selling at higher levels in last 3 sessions and 889 Nifty points rally require sufficient correction therefore expected that Nifty will slip below 5322 and posssibility of next support testing near 5250/5100 can not be ruled out.
Last 3 sessions trading between 5322-5395 and sustaining beyond this range will finally reply all questions regarding expected correction therefore it is next moves confirmation range and should be firstly watched.
FII & DII trading activity in Capital Market Segment on 08-Feb-2012
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Indian Stock Markets Closing Reports(08-Feb-2012)
Main features of today trading are as follows
1- All the Indices closed in Green except BANKEX and HC.
2- Volatile market near about last 2 sessions range.
3- White Candle.
Ratios
Nifty Put Call Ratio:1.19
Nifty P/E Ratio(08-Feb-2012):19.14
Advances & Declines
BSE Advances : 1734
BSE Declines : 1162
NSE Advances : 932
NSE Declines : 522
Nifty Open Interest Changed Today
Nifty- 5200 CE(Feb)- +13200(+0.42%)
Nifty- 5200 PE(Feb)- +442800(+6.03%)
Nifty- 5300 CE(Feb)- +152100(+3.64%)
Nifty- 5300 PE(Feb)- +864550(+16.91%)
Nifty- 5400 CE(Feb)- +179800(+3.05%)
Nifty- 5400 PE(Feb)- +639400(+24.59%)
Closing
Nifty- closed at 5,368.15(+33 Points & +0.62%)
Sensex- closed at 17,707.32(+84.87 Points & +0.48%)
CNX Midcap - closed at 7,435.50(+80.35 Points & +1.09%)
BSE Smallcap- closed at 6,812.15(+60.17 Points & +0.89%)
1- All the Indices closed in Green except BANKEX and HC.
2- Volatile market near about last 2 sessions range.
3- White Candle.
Ratios
Nifty Put Call Ratio:1.19
Nifty P/E Ratio(08-Feb-2012):19.14
Advances & Declines
BSE Advances : 1734
BSE Declines : 1162
NSE Advances : 932
NSE Declines : 522
Nifty Open Interest Changed Today
Nifty- 5200 CE(Feb)- +13200(+0.42%)
Nifty- 5200 PE(Feb)- +442800(+6.03%)
Nifty- 5300 CE(Feb)- +152100(+3.64%)
Nifty- 5300 PE(Feb)- +864550(+16.91%)
Nifty- 5400 CE(Feb)- +179800(+3.05%)
Nifty- 5400 PE(Feb)- +639400(+24.59%)
Closing
Nifty- closed at 5,368.15(+33 Points & +0.62%)
Sensex- closed at 17,707.32(+84.87 Points & +0.48%)
CNX Midcap - closed at 7,435.50(+80.35 Points & +1.09%)
BSE Smallcap- closed at 6,812.15(+60.17 Points & +0.89%)
Nifty Spot-Levels & Trading Strategy for 08-02-2012
Nifty Spot-Levels
R3 5482
R2 5447
R1 5391
Avg 5356
S1 5300
S2 5265
S3 5209
Nifty Spot-Trading Strategy
H6 5426 Trgt 2
H5 5405 Trgt 1
H4 5385 Long breakout
H3 5360 Go Short
H2 5351
H1 5343
L1 5326
L2 5318
L3 5309 Long
L4 5284 Short Breakout
L5 5264 Trgt 1
L6 5243 Trgt 2
R3 5482
R2 5447
R1 5391
Avg 5356
S1 5300
S2 5265
S3 5209
Nifty Spot-Trading Strategy
H6 5426 Trgt 2
H5 5405 Trgt 1
H4 5385 Long breakout
H3 5360 Go Short
H2 5351
H1 5343
L1 5326
L2 5318
L3 5309 Long
L4 5284 Short Breakout
L5 5264 Trgt 1
L6 5243 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 09-02-2012
Nifty(Feb Fut)-Levels
R3 5508
R2 5466
R1 5427
Avg 5385
S1 5346
S2 5304
S3 5265
Nifty(Feb Fut)-Trading Strategy
H6 5469 Trgt 2
H5 5451 Trgt 1
H4 5432 Long breakout
H3 5410 Go Short
H2 5402
H1 5395
L1 5380
L2 5373
L3 5365 Long
L4 5343 Short Breakout
L5 5324 Trgt 1
L6 5306 Trgt 2
R3 5508
R2 5466
R1 5427
Avg 5385
S1 5346
S2 5304
S3 5265
Nifty(Feb Fut)-Trading Strategy
H6 5469 Trgt 2
H5 5451 Trgt 1
H4 5432 Long breakout
H3 5410 Go Short
H2 5402
H1 5395
L1 5380
L2 5373
L3 5365 Long
L4 5343 Short Breakout
L5 5324 Trgt 1
L6 5306 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 09-02-2012
Bank Nifty(Feb Fut)-Levels
R3 10685
R2 10563
R1 10452
Avg 10330
S1 10219
S2 10097
S3 9986
Bank Nifty(Feb Fut)-Trading Strategy
H6 10577 Trgt 2
H5 10523 Trgt 1
H4 10469 Long breakout
H3 10405 Go Short
H2 10383
H1 10362
L1 10319
L2 10298
L3 10276 Long
L4 10212 Short Breakout
L5 10158 Trgt 1
L6 10104 Trgt 2
R3 10685
R2 10563
R1 10452
Avg 10330
S1 10219
S2 10097
S3 9986
Bank Nifty(Feb Fut)-Trading Strategy
H6 10577 Trgt 2
H5 10523 Trgt 1
H4 10469 Long breakout
H3 10405 Go Short
H2 10383
H1 10362
L1 10319
L2 10298
L3 10276 Long
L4 10212 Short Breakout
L5 10158 Trgt 1
L6 10104 Trgt 2
Post-closing Report(08-02-2012)
Again selling today also between last 2 sessions selling range(5365-5389) and again Nifty could not sustain above 5389 therefore short term and deeper correction possibility has increased today.
Mid-session Outlook(08-02-2012)
Yesterday technicals positions are as follows:-
1- Selling between 5368-5386
2- Mixed Patterns between 5323-5338
First 2 hours trading range today is- 5335.75-5387.05
Selling betweeen 5365-5389 in last 2 sessions and sustaining above will mean fresh up moves after completion of very short term correction. As today up moves are after lower levels support therefore this possibility is alive if market consolidates today between last 2 sessions Selling range(5368-5386).As Nifty is trading between this range(5368-5386) therefore cross over of this range should be seen firstly used for next moves first indication.
1- Selling between 5368-5386
2- Mixed Patterns between 5323-5338
First 2 hours trading range today is- 5335.75-5387.05
Selling betweeen 5365-5389 in last 2 sessions and sustaining above will mean fresh up moves after completion of very short term correction. As today up moves are after lower levels support therefore this possibility is alive if market consolidates today between last 2 sessions Selling range(5368-5386).As Nifty is trading between this range(5368-5386) therefore cross over of this range should be seen firstly used for next moves first indication.
Nifty-Micro Analysis of Intra Day Chart For 08-02-2012
Nifty-Intra Day Chart(07-Feb-2011):-
1- Selling between 5368-5386
2- Mixed Patterns between 5323-5338
3- Whole day trading between 5324-5398
As intraday selling between 5365-5389 on 06-02-2012 therefore folowing lines were told for 07-02-2012 market on 06-02-2012 in very short term correction on 07-02-2012:-
1- "very short term correction and slipping below today trading lows(5330) is expected"
2- "As intraday selling at higher levels therefore consolidation and sustaining above 5389 is must for next up moves confirmations"
Our above both projections proved 100% accurate;-
Nifty could not sustain above 5389 and slipped below 5330 as well as formed intraday low at 5313.35 on 07-02-2012
Intraday selling again seen between 5368-5386 on 07-02-2012 therefore the range of 5365-5389 become stronger resistance. All trends are up and Indian markets are in the hands of Bulls as well as last one hour trading with intraday mixed patterns also seen between 5323-5338 on 07-02-2012 therefore sustaining beyond 5323-5338 should be firstly watched for following conclusions:-
1- Sustaining above 5338 will mean high possibility of correction between sideways market.
2- Sustaining below 5323 will mean short term and deeper correction to test minimum next first support near 5250. As heated overbought market and indicators have also started to show divergences therefore Short Term correction is due and its posibility has turned higher today.
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Selling between 5368-5386
2- Mixed Patterns between 5323-5338
3- Whole day trading between 5324-5398
Conclusions from intra day chart analysis
As intraday selling between 5365-5389 on 06-02-2012 therefore folowing lines were told for 07-02-2012 market on 06-02-2012 in very short term correction on 07-02-2012:-
1- "very short term correction and slipping below today trading lows(5330) is expected"
2- "As intraday selling at higher levels therefore consolidation and sustaining above 5389 is must for next up moves confirmations"
Our above both projections proved 100% accurate;-
Nifty could not sustain above 5389 and slipped below 5330 as well as formed intraday low at 5313.35 on 07-02-2012
Intraday selling again seen between 5368-5386 on 07-02-2012 therefore the range of 5365-5389 become stronger resistance. All trends are up and Indian markets are in the hands of Bulls as well as last one hour trading with intraday mixed patterns also seen between 5323-5338 on 07-02-2012 therefore sustaining beyond 5323-5338 should be firstly watched for following conclusions:-
1- Sustaining above 5338 will mean high possibility of correction between sideways market.
2- Sustaining below 5323 will mean short term and deeper correction to test minimum next first support near 5250. As heated overbought market and indicators have also started to show divergences therefore Short Term correction is due and its posibility has turned higher today.
FII & DII trading activity in Capital Market Segment on 07-Feb-2012
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Indian Stock Markets Closing Reports(07-Feb-2012)
Main features of today trading are as follows
1- Red closing of Benchmark Indices except BANKEX.
2- Engulfing Bearish Candle.
3- Selling at higher levels.
Ratios
Nifty Put Call Ratio:1.19
Nifty P/E Ratio(07-Feb-2012):19.02
Advances & Declines
BSE Advances : 1235
BSE Declines : 1650
NSE Advances : 522
NSE Declines : 934
Nifty Open Interest Changed Today
Nifty- 5200 CE(Feb)- +49500(+1.57%)
Nifty- 5200 PE(Feb)- +378100(+5.25%)
Nifty- 5300 CE(Feb)- -280500(-6.22%)
Nifty- 5300 PE(Feb)- +832800(+18.53%)
Nifty- 5400 CE(Feb)- +577050(+10.65%)
Nifty- 5400 PE(Feb)- +683450(+34.92%)
Closing
Nifty- closed at 5,335.15(-26.50 Points & -0.49%)
Sensex- closed at 17,622.45(-84.86 Points & -0.48%)
CNX Midcap - closed at 7,355.15(-78.80 Points & -1.06%)
BSE Smallcap- closed at 6,073.11(-49.46 Points & -0.81%)
1- Red closing of Benchmark Indices except BANKEX.
2- Engulfing Bearish Candle.
3- Selling at higher levels.
Ratios
Nifty Put Call Ratio:1.19
Nifty P/E Ratio(07-Feb-2012):19.02
Advances & Declines
BSE Advances : 1235
BSE Declines : 1650
NSE Advances : 522
NSE Declines : 934
Nifty Open Interest Changed Today
Nifty- 5200 CE(Feb)- +49500(+1.57%)
Nifty- 5200 PE(Feb)- +378100(+5.25%)
Nifty- 5300 CE(Feb)- -280500(-6.22%)
Nifty- 5300 PE(Feb)- +832800(+18.53%)
Nifty- 5400 CE(Feb)- +577050(+10.65%)
Nifty- 5400 PE(Feb)- +683450(+34.92%)
Closing
Nifty- closed at 5,335.15(-26.50 Points & -0.49%)
Sensex- closed at 17,622.45(-84.86 Points & -0.48%)
CNX Midcap - closed at 7,355.15(-78.80 Points & -1.06%)
BSE Smallcap- closed at 6,073.11(-49.46 Points & -0.81%)
Nifty Spot-Levels & Trading Strategy for 08-02-2012
Nifty Spot-Levels
R3 5482
R2 5447
R1 5391
Avg 5356
S1 5300
S2 5265
S3 5209
Nifty Spot-Trading Strategy
H6 5426 Trgt 2
H5 5405 Trgt 1
H4 5385 Long breakout
H3 5360 Go Short
H2 5351
H1 5343
L1 5326
L2 5318
L3 5309 Long
L4 5284 Short Breakout
L5 5264 Trgt 1
L6 5243 Trgt 2
R3 5482
R2 5447
R1 5391
Avg 5356
S1 5300
S2 5265
S3 5209
Nifty Spot-Trading Strategy
H6 5426 Trgt 2
H5 5405 Trgt 1
H4 5385 Long breakout
H3 5360 Go Short
H2 5351
H1 5343
L1 5326
L2 5318
L3 5309 Long
L4 5284 Short Breakout
L5 5264 Trgt 1
L6 5243 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2012
Nifty(Feb Fut)-Levels
R3 5473
R2 5443
R1 5399
Avg 5369
S1 5325
S2 5295
S3 5251
Nifty(Feb Fut)-Trading Strategy
H6 5429 Trgt 2
H5 5412 Trgt 1
H4 5395 Long breakout
H3 5375 Go Short
H2 5368
H1 5361
L1 5348
L2 5341
L3 5334 Long
L4 5314 Short Breakout
L5 5297 Trgt 1
L6 5280 Trgt 2
R3 5473
R2 5443
R1 5399
Avg 5369
S1 5325
S2 5295
S3 5251
Nifty(Feb Fut)-Trading Strategy
H6 5429 Trgt 2
H5 5412 Trgt 1
H4 5395 Long breakout
H3 5375 Go Short
H2 5368
H1 5361
L1 5348
L2 5341
L3 5334 Long
L4 5314 Short Breakout
L5 5297 Trgt 1
L6 5280 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 08-02-2012
Bank Nifty(Feb Fut)-Levels
R3 10643
R2 10544
R1 10437
Avg 10338
S1 10231
S2 10132
S3 10025
Bank Nifty(Feb Fut)-Trading Strategy
H6 10537 Trgt 2
H5 10490 Trgt 1
H4 10443 Long breakout
H3 10386 Go Short
H2 10367
H1 10348
L1 10311
L2 10292
L3 10273 Long
L4 10216 Short Breakout
L5 10169 Trgt 1
L6 10122 Trgt 2
R3 10643
R2 10544
R1 10437
Avg 10338
S1 10231
S2 10132
S3 10025
Bank Nifty(Feb Fut)-Trading Strategy
H6 10537 Trgt 2
H5 10490 Trgt 1
H4 10443 Long breakout
H3 10386 Go Short
H2 10367
H1 10348
L1 10311
L2 10292
L3 10273 Long
L4 10216 Short Breakout
L5 10169 Trgt 1
L6 10122 Trgt 2
Pre-Closing Outlook(07-02-2012)
Only Intraday volatility was expected and only it was seen whole day. Market is almost flat after minor higher levels selling signals. Selling between 5365-5389 was seen yesterday and Nifty slipped below it after more than 4 hours trading between this range as well as higher levels selling formations also today.
Very short term correction possibility is turning higher today
Very short term correction possibility is turning higher today
Mid-session Outlook(07-02-2012)
News based(GDP data and STT reduction news) based volatile markets today after higher levels selling. Although sharp surge but whole up moves nullified within half hour.
Such volatilty for triggering of Stop Loss was perceived before opening of Indian markets therefore we covered our shorting positions at at par rates without waiting for SL triggering.
Mixed intraday positions therefore sustaining beyond 5330-5400 will be next moves confirmations and should be firstly watched.
Such volatilty for triggering of Stop Loss was perceived before opening of Indian markets therefore we covered our shorting positions at at par rates without waiting for SL triggering.
Mixed intraday positions therefore sustaining beyond 5330-5400 will be next moves confirmations and should be firstly watched.
NIFTY-Feb F&O-1st Shorting of 06-02-2012-Covering
NIFTY-Feb F&O-1st Shorting of 06-02-2012-Global markets mixed & STT Reduction news. Market will be volatile therefore cover immediately after opening(Lalit39)
very short term correction on 07-02-2012
Nifty-Micro Analysis of Intra Day Chart For 07-02-2012
Nifty-Intra Day Chart(06-Feb-2012):-
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Technical Patterns and Formations in today intraday charts
1- Selling between 5365-5389
2- Whole day trading between 5330-5389
Conclusions from intra day chart analysis
Selling at higher levels today therefore very short term correction and slipping below today trading lows(5330) is expected and follow up buying/selling will decide the life and depth of correction tomorrow. As intraday selling at higher levels therefore consolidation and sustaining above 5389 is must for next up moves confirmations.
FII & DII trading activity in Capital Market Segment on 06-Feb-2012
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Indian Stock Markets Closing Reports(06-Feb-2012)
1- All the Indices closed in Green except HC.
2- Hanging Man/Dragonfly Doji Bearish Candle formations
3- Intraday charts are suggesting selling at higher levels.
Ratios
Nifty Put Call Ratio:1.16
Nifty P/E Ratio(01-Feb-2012):19.13
Advances & Declines
BSE Advances : 1852
BSE Declines : 1064
NSE Advances : 974
NSE Declines : 486
Nifty Open Interest Changed Today
Nifty- 5200 CE(Feb)- -162450(-4.87%)
Nifty- 5200 PE(Feb)- +1324350(+21.74%)
Nifty- 5300 CE(Feb)- -58200(-1.19%)
Nifty- 5300 PE(Feb)- +1412500(+44.32%)
Nifty- 5400 CE(Feb)- +720800(+15.19%)
Nifty- 5400 PE(Feb)- +912100(+76.77%)
Closing
Nifty- closed at 5,361.65(+35.80 Points & +0.67%)
Sensex- closed at 17,707.31(+102.35 Points & +0.58%)
CNX Midcap - closed at 7,433.95(+109.80 Points & +1.50%)
BSE Smallcap- closed at 6,781.93(+95.38 Points & +1.43%)
Nifty Spot-Levels & Trading Strategy for 07-02-2012
R3 5454
R2 5422
R1 5391
Avg 5359
S1 5328
S2 5296
S3 5265
Nifty Spot-Trading Strategy
H6 5424 Trgt 2
H5 5410 Trgt 1
H4 5395 Long breakout
H3 5378 Go Short
H2 5372
H1 5366
L1 5355
L2 5349
L3 5343 Long
L4 5326 Short Breakout
L5 5311 Trgt 1
L6 5297 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 07-02-2012
R3 5464
R2 5431
R1 5398
Avg 5365
S1 5332
S2 5299
S3 5266
Trading Strategy
H6 5432 Trgt 2
H5 5417 Trgt 1
H4 5402 Long breakout
H3 5384 Go Short
H2 5378
H1 5372
L1 5359
L2 5353
L3 5347 Long
L4 5329 Short Breakout
L5 5314 Trgt 1
L6 5299 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 07-02-2012
R3 10521
R2 10429
R1 10334
Avg 10242
S1 10147
S2 10055
S3 9960
Bank Nifty(Feb Fut)-Trading Strategy
H6 10427 Trgt 2
H5 10384 Trgt 1
H4 10341 Long breakout
H3 10290 Go Short
H2 10273
H1 10256
L1 10221
L2 10204
L3 10187 Long
L4 10136 Short Breakout
L5 10093 Trgt 1
L6 10050 Trgt 2
NIFTY-Feb F&O-1st Selling of 06-02-2012-Trade
NIFTY(feb Fut-Sell-Positional)SL-5396-TGT-5316-CMP-5374
NIFTY(Feb Put Option-Buy Positional)SL-5396-TGT-5316-S.P.FOR Put-5300,5400(feb Fut-Rates for all Options)-CMP-5374
Pre-Closing Outlook(03-02-2012)
Selling signals emerged at higher levels today therefore sustaining beyond today trading range will be next very short term confirmation
Mid-session Outlook(03-02-2012)
Following guidance was given in Blasting Rally is on After all trends turning Up
minor intraday or very short term corrections may be seen any time after turning of heated sentiment
As sentiment was heated due to strong rally in US and European markets last Friday and Case against Chidaram was also dismissed therefore sentiment had been heated today morning and minor intraday correction is being seen and it may be a part of consolidation also.
Until complete selling pattern will not develop and Nifty will not sustain below 5250,till then short term correction will not be considered.
minor intraday or very short term corrections may be seen any time after turning of heated sentiment
As sentiment was heated due to strong rally in US and European markets last Friday and Case against Chidaram was also dismissed therefore sentiment had been heated today morning and minor intraday correction is being seen and it may be a part of consolidation also.
Until complete selling pattern will not develop and Nifty will not sustain below 5250,till then short term correction will not be considered.
Blasting Rally is on After all trends turning Up
Technical Analysis,Research & Weekly Outlook
(Feb 06 to Feb 10,2012)
Technical Analysis and Research of EOD,weekly and Monthly charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 5 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in next week:-
1- 803 Nifty Points Strong Rally from 13th(Fibonacci number) Month
2- Bullish 'W' formations
3- Nifty-Micro Analysis of Intra Day Chart of 03-02-2012
4- Cross-Over of Crucial Resistances
Conclusions (After Putting All Studies Together)
Sparking breathless Bull rally is on and no one can say that where it will stop and correction will start despite overbought indicators. This fact should be kept in mind that indicators remain in overbought zone upto very much longer period during Bullish rallies. Although minor intraday or very short term corrections may be seen any time after turning of heated sentiment but market require complete selling patterns on daily charts for any short term or deeper correction. This fact should always be kept in mind that Bullish market completes correction in sideways moves also.
Bullish rally is very much continued and let it stop,divergence develop in indicators and distribution patterns form on EOD charts also then short term correction will be considered. As no such development seen yet therefore continuation of rally is expected in the coming week with this caution that whenever above mentioned correction patterns develop then only very short term and Short term correction should be considered.
803 Nifty Points Rally Predictions only by Us
Just Click follwing Topics Links and verify live Proofs on yours own:-
Only we predicted Bullish Rally first of all
Only Bullish Rally Predictions in all Weekly Outlooks
We told only and only for Rally in all the Weekly Outlooks in 2012 as well as 803 Nifty Points rally is live Proof of our accurate Predictions and Projections.
Just click following Weekly Outlooks Links and verify on yours own:-
1- Weekly Outlook(Jan 02 to Jan 06,2012)- Last Over of the Bull/Bear Match in 1st Week of 2012
2- Weekly Outlook(Jan 07 to Jan 13,2012)- Bulls Will Welcome In Next Week
3- Weekly Outlook(Jan 16 to Jan 20, 2012)- Rally Continuation in next week after Consolidations
4- Weekly Outlook(Jan 23 to Jan 27, 2012)- Rally continuation after Correction Completion
5- Weekly Outlook(Jan 23 to Jan 27, 2012)- Rally continuation after Correction Completion
Bullish year(2012) Prediction on 22-12-2011
Bullish rally of 803 Nifty Points started on 20-12-2011 from 4532 but we immediately catched this rally and told following lines on 22-12-2011:-
Just click following topic link and verify above statement on yours own as well as understand those technical points which emerged in Dec 2011 and gave birth to 803 Nifty Points rally in 2012:-
4693 is Long Term Trend Decider for 2012
"2012 will prove Bullish year after all corrections completion in 2011"
Just click following topic link and verify above statement on yours own as well as understand those technical points which emerged in Dec 2011 and gave birth to 803 Nifty Points rally in 2012:-
4693 is Long Term Trend Decider for 2012
Only we predicted Bullish Rally first of all
New historical highs in 2012 Predictions on 03-12-2011
When whole India was Bearish then following lines were told on 03-12-2011 by us and 803 Nifty Points rally has already been seen.in last 33 sessions.
we are seeing high possibility of new historical highs in 2012 because Indian markets are reversing after completion of long term correction also.
Just click following topic link and verify above statement on yours own as well as understand technical reason of trend reversal in Dec 2011.
New Historical Highs in 2012
we are seeing high possibility of new historical highs in 2012 because Indian markets are reversing after completion of long term correction also.
Just click following topic link and verify above statement on yours own as well as understand technical reason of trend reversal in Dec 2011.
New Historical Highs in 2012
Cross-Over of Crucial Resistances
Nifty-EOD Chart(03-Feb-2012):-
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
1- Sustaining above 200 Day(SMA)-5190
2- Sustaining above 200 Day(EMA)-5135
3- Sustaining above 123 sessions sideways trading range(5229)
All trends are up after Dec 2011 sharp rally and cross-Over of above mentioned crucial resistances also in previous week.
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| 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):-
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| 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):-
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| 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):-
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
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:-
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| 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:-
FII & DII trading activity in Capital Market Segment on 03-Feb-2012
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