Indian Stock Markets Closing Reports(22-Dec-2011)

Main features of today trading are as follows

1- Most of the Indices closed near the top of the day and in Green.
2- Long White Candle.
3- Continuation of rally after intraday consolidation.

Ratios

Nifty Put Call Ratio: 0.87
Nifty P/E Ratio(22-Dec-2011): 17.14

Advances & Declines

BSE ADVANCES : 1553
BSE DECLINES : 1186
NSE ADVANCES :  864
NSE DECLINES :  566

Nifty Open Interest Changed Today

Nifty- 4700 CE(Dec)- -64450(-1.38%)
Nifty- 4700 PE(Dec)- +584100(+11.68%)

Nifty- 4800 CE(Dec)- +981550(+21.22%)
Nifty- 4800 PE(Dec)- +813700(+24.49%)

Closing 

Nifty- closed at 4,733.85(+40.70 Points & +0.87%)
Sensex- closed at 15,813.36(+128.15 Points & +0.82% )
CNX MIDCAP - closed at 6,208.75(+88.85 Points & +1.45%)
BSE SMALL CAP- closed at 5,555.50(+38.65 Points & +0.70%)

FII Trading Data in Derivatives Segment on 22-Dec-2011

FII & DII trading activity in Capital Market Segment on 22-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 22-Dec-2011 1852.18 2088.57 -236.39

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 22-Dec-2011 1045.8 816.06 229.74

Nifty Spot-Levels & Trading Strategy for 23-12-2011

Nifty Spot-Levels

R3 4879
R2 4809
R1 4771
Avg 4701
S1 4663
S2 4593
S3 4555

Nifty Spot-Trading Strategy

H6 4843     Trgt 2
H5 4817     Trgt 1
H4 4792     Long breakout
H3 4762     Go Short
H2 4752
H1 4742
L1 4723
L2 4713
L3 4703     Long
L4 4673     Short Breakout
L5 4648     Trgt 1
L6 4622     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 23-12-2011

Nifty(Dec Fut)-Levels

R3 4908
R2 4833
R1 4790
Avg 4715
S1 4672
S2 4597
S3 4554

Nifty(Dec Fut)-Trading Strategy

H6 4868     Trgt 2
H5 4840     Trgt 1
H4 4812     Long breakout
H3 4780     Go Short
H2 4769
H1 4758
L1 4737
L2 4726
L3 4715     Long
L4 4683     Short Breakout
L5 4655     Trgt 1
L6 4627     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 23-12-2011

Bank Nifty(Dec Fut)-Levels

R3 8855
R2 8637
R1 8515
Avg 8297
S1 8175
S2 7957
S3 7835

Bank Nifty(Dec Fut)-Trading Strategy

H6 8746     Trgt 2
H5 8663     Trgt 1
H4 8580     Long breakout
H3 8486     Go Short
H2 8455
H1 8424
L1 8361
L2 8330
L3 8299     Long
L4 8206     Short Breakout
L5 8122     Trgt 1
L6 8039     Trgt 2

Pre-Closing Outlook(22-12-2011)

Intraday consolidation confirmation and with this Pull Back Rally continuations confirmation also

Mid-session Outlook-2(22-12-2011)

Weak opening after negative Asian markets and now up moves after more than 1% up European markets. Although Indian markets slipped after first 2 hours intraday selling but zoomed up after opening of European markets. As last 55 minutes mixed patterns and today first 2 hours selling formations therefore some more consolidation is required.

Following lines of today Post-open Outlook are being repeated for next moves confirmations:-

"Nifty will trade between yesterday range first of all and prepare for next moves. Fresh consolidation is required for continuation of yesterday begun Pull Back rally and it is expected also. Coming hours intraday charts formations and sustaining beyond yesterday trading range(4602-4705) will be next moves confirmation"

Mid-session Outlook(22-12-2011)

Confirm first 2 hours selling between 4660-4675. and minor down moves within yesterday range will be seen now within yesterday range..

Post-open Outlook(22-12-2011)

Nifty traded last 29 minutes mixed patterns between 4684-4705 and trading much below this range therefore it is weakness signal and profit booking indication within this range yesterday. Good support and consolidation between following ranges in 3 previous sessions;-

1- 4602-4624(21-12-2011)
2- 4560-4590(19-12-2011 and 20-12-2011)

Nifty will trade between yesterday range first of all and prepare for next moves. Fresh consolidation is required for continuation of yesterday begun Pull Back rally and it is expected also. Coming hours intraday charts formations and sustaining beyond yesterday trading range(4602-4705) will be next moves confirmation.

4693 is Long Term Trend Decider for 2012

Technical Analysis,Researches & Market Outlook

Nifty-EOD Chart(21-Dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave 1 top at 4693.
2- Strong rally and down moves above 4693 in last 25 months.
2- Closing at 4693.15 on 21-12-2011.

Conclusions

Wave 1 begun from 2252.75 on 27-10-2008 and it completed at 4693.

As per Elliot Wave Theory:-


"The bottom of wave 4 should not dip below the top of wave 1 of the same degree,at least on a closing price level"

But Nifty closed below 4693 in 3 previous sessions and gave strong signal as well as almost confirmation of whole last 3 years waves structure failure. As it was a big development therefore following topic was posted on the same day at 02:29:00 AM on 17-12-2011

25 Months Trend and Waves structure Failure on 16-12-2011

As per our view some more confirmations were required for failure of such huge structure therefore its confirmation demand was also told in above topic. Nifty reversed with strong note on 21-12-2011 and closed exactly at 4693.15 as well as revived the survival hopes of 3 years structure and beginning of impulsive Wave 5 after completion of corrective Wave 4. 

Nifty-EOD Chart(21-Dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave 2 completion at 3919 on 13-07-2009
2- Wave 3 completion at 6338 on 05-11-2010
3- Confirmation required for Wave 4 completion at 4531.15 on 20-12-2011
4- 13 Months Falling Corrective Channel formation
5- No big reversal pattern formation

Conclusions (After Putting All Studies Together)

As no big reversal pattern and 13 months down moves were seen in corrective falling channel therefore it was expected that finally corrective Wave 4 will complete and Wave 5 will commence but whole waves structure broken after slipping below 4693. Nifty closed exactly at 4693.15 on 21-12-2011 and survival of 3 years waves structure hopes revived yesterday therefore first of all only sustaining beyond 4693 should be watched because following implications are confirm beyond 4693:-

1- Below 4693 will mean fresh recounting of Waves structure and crashing of Indian markets like World Trade Centre on 11-09-2001.
2- Above 4693 will mean reincarnation of almost buried impulsive waves 5 to form in all time highs in the coming years. 

As no big reversal pattern and corrective falling channel in last 13 months down moves therefore expected that firstly Wave 4 correction compleletion confirmation through sustaining above 4693 and then impulsive Wave 5 will get confirmation in the coming year as well as 2012 will prove Bullish year after all corrections completion in 2011.

Pull Back continuation after some consolidations

Nifty-Micro Analysis of Intra Day Chart For 22-12-2011

Nifty-Intra Day Chart(21-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4602-4624.
2- Strong rally in last 55 minutes.
3- Last 29 minutes mixed patterns between 4684-4705.
4- Whole day trading between 4602-4705.

Conclusions from intra day chart analysis

Pull Back Rally confirmation after lower levels consolidation and last 55 minutes strong up moves. As last 29 minutes mixed patterns between 4684-4705 also therefore fresh consolidation is required for next up moves and continuation of today started strong Pull back rally.

Expected that today begun Pull Back Rally will remin continued after some more consolidations first.

Conclusions from only today intraday charts analysis have been posted above and more conclusions will be updated before the opening of tomorrow market and it will also be proved that:-

why and how 4693 is most crucial level for deciding the next big moves of coming months and years trend in Indian markets?

FII Trading Data in Derivatives Segment on 21-Dec-2011

FII & DII trading activity in Capital Market Segment on 21-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 21-Dec-2011 2208.25 2352.48 -144.23

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Dec-2011 1019.65 1152.91 -133.26

Indian Stock Markets Closing Reports(21-Dec-2011)

Main features of today trading are as follows

1- All the indices closed in Green.
2- Long White Candle.
3- Closing near the highest of the day.

Ratios

Nifty Put Call Ratio: 0.85
Nifty P/E Ratio(21-Dec-2011): 17.00

Advances & Declines

BSE ADVANCES : 1673
BSE DECLINES : 1096
NSE ADVANCES : 936
NSE DECLINES : 506

Nifty Open Interest Changed Today

Nifty- 4600 CE(Dec)- -1857350(-35.66%)
Nifty- 4600 PE(Dec)- +1112150(+22.01%)

Nifty- 4700 CE(Dec)- -531250(-9.78%)
Nifty- 4700 PE(Dec)- +1268250(+26.88%)

Nifty- 4800 CE(Dec)- -631050(-11.90%)
Nifty- 4800 PE(Dec)- +440900(+13.52%)

Closing 

Nifty- closed at 4,693.15(+148.95 Points & +3.28%)
Sensex- closed at 15,685.21(+510.13 Points & +3.36% )
CNX MIDCAP - closed at 6,119.90(+82.80 Points & +1.37%)
BSE SMALL CAP- closed at 5,522.19(+56.49 Points & +1.03%)

Nifty Spot-Levels & Trading Strategy for 22-12-2011

Nifty Spot-Levels

R3 4839
R2 4773
R1 4733
Avg 4667
S1 4627
S2 4561
S3 4521

Nifty Spot-Trading Strategy

H6 4801     Trgt 2
H5 4776     Trgt 1
H4 4751     Long breakout
H3 4722     Go Short
H2 4712
H1 4702
L1 4683
L2 4673
L3 4663     Long
L4 4634     Short Breakout
L5 4609     Trgt 1
L6 4584     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 22-12-2011

Nifty(Dec Fut)-Levels

R3 4865
R2 4795
R1 4753
Avg 4683
S1 4641
S2 4571
S3 4529

Nifty(Dec Fut)-Trading Strategy

H6 4825     Trgt 2
H5 4798     Trgt 1
H4 4772     Long breakout
H3 4741     Go Short
H2 4731
H1 4721
L1 4700
L2 4690
L3 4680     Long
L4 4649     Short Breakout
L5 4623     Trgt 1
L6 4596     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 22-12-2011

Bank Nifty(Dec Fut)-Levels

R3 8636
R2 8442
R1 8320
Avg 8126
S1 8004
S2 7810
S3 7688

Bank Nifty(Dec Fut)-Trading Strategy

H6 8524     Trgt 2
H5 8448     Trgt 1
H4 8371     Long breakout
H3 8284     Go Short
H2 8255
H1 8226
L1 8169
L2 8140
L3 8111     Long
L4 8024     Short Breakout
L5 7947     Trgt 1
L6 7871     Trgt 2

Pre-Closing Outlook-2(21-12-2011)

Following confirmations after break out of 4645 today:-

1- Trend reversal after last 2 days base formations
2- Pull back rally confirmations after last 2 days consolidations
3- Survival confirmation of Trend Reversal Broadening Pattern

As Trend Reversal Broadening Pattern survival confirmation today therefore all the up moves hopes revived today which were buried after last Friday last 2 hours crash. Continuation of Pull Back Rally expected in the coming sessions. 

Pre-Closing Outlook(21-12-2011)

Gap up opening and then Up moves seen after lower levels consolidations today but Nifty slipped from intraday higher levels after forming intraday high at 4645.30. Following line was told in Post-open Outlook today;-

Sustaining above 4640 will be survival confirmation of Trend Reversal Broadening Pattern.

Profit booking near 4640 seen today. As mixed intraday patterns today with lower levels consolidations and higher levels distribution therefore no clear positions formations yet and following lines should be kept in mind for next immediate moves confirmations;-

Break out by force or sustaining beyond today trading range(4602-4645) will be next moves confirmations.

Mid-session Outlook-2(21-12-2011)

Intraday consolidation patterns confirmation today