Rally after Follow Up Consolidations

Nifty-EOD Chart (14-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-2 completion(4770.35 on 04-06-2012)
2- Sub Wave-1 gained 578.20 points(5348.55 on 10-07-2012)
3- Sub Wave-2(5032.40 on 26-07-2012)
4- Sub Wave-3 gained 782.95 points(5815.35 on 05-10-2012)
5- 44 Sessions sideways Sub Wave-4 correction between 5549-5815 with Bullish Flag formation.
6- Sub Wave-4 completion at 5548.35 on 20-11-2012)
7- Sub Wave-5 of Wave-3 continuation.
8- Last 10 sessions sideways trading between 5839-5962

Nifty-Micro Analysis of 10 Sessions Intra Day Chart

(Dec 17 to Dec 21,2012)

Nifty-Intra Day Chart (Dec 17 to Dec 21,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 10 Sessions intraday charts

1- Support between 5839-5860
2- Resistance between 5932-5962
3- 10 Sessions actual trading between 5839-5962

Conclusions (After Putting All Studies Together)

All trends are up and Sub Wave-5 of Wave-3 continuation after completion of 44 sessions Sub Wave-4 sideways correction between 5549-5815. Although 44 sessions trading range broken out forcefully on 29-11-2012 but market again turned sideways between 5839-5962 which is just above the top(5815) of Sub Wave-4 sideways trading range.

As Sub Wave-4 corrected with Bullish Flag formation therefore finally strong Sub Wave-5 rally will be seen but follow up consolidation is required to cross last 10 sessions higher levels resistances. As strong supports also developed at lower levels(above 5839) in last 10 sessions therefore expected that finally Sub Wave-5 rally will remain continued after follow up consolidation.

Indian markets are not prepared for any side decisive moves because development of both supports and resistances in last 10 sessions therefore Nifty will firstly trade as well as prepare for next moves between 5839-5962 in the coming week. Expected that finally Sub Wave-5 rally will remain continued after follow up consolidations but valid break out of last 10 sessions range(5839-5962) must be firstly watched for next moves confirmations because resistances development also in last 10 sessions and extreme heated sentiment formations due to positive announcements from Indian Government.

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

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

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 14-Dec-2012 2666.6 2092.22 574.38

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-Dec-2012 888.98 1401.41 -512.43

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

Main features of today trading are as follows

1- Benchmark Indices closed in Green.

2- Up moves after intraday supports at lower levels.

3- White Candle formation.

Ratios

Index Options Put Call Ratio: 0.98

Total Options Put Call Ratio: 0.93

Nifty P/E Ratio(14-Dec-2012): 18.25

Advances & Declines

BSE Advances : 1,411

BSE Declines : 1,512  

NSE Advances :   802

NSE Declines :   913

Nifty Open Interest Changed Today

Nifty- 5800 CE(Dec)- -74,550(-2.35%) 

Nifty- 5800 PE(Dec)-  932,850(11.33%)

Nifty- 5900 CE(Dec)- -204,250(-3.12%)

Nifty- 5900 PE(Dec)-  497,950(8.72%)

Nifty- 6000 CE(Dec)- -320,050(-2.77%)

Nifty- 6000 PE(Dec)- -41,500(-1.47%)

Nifty- 6100 CE(Dec)-  320,150(4.31%)

Nifty- 6100 PE(Dec)- -12,150(-1.64%)

Closing 

Sensex- closed at 19,317.25(87.99 Points & 0.46%)

Nifty- closed at 5,879.60(28.10 Points & 0.48%)

CNX Midcap - closed at 8,361.75(68.70 Points & 0.83%)

CNX Smallcap- closed at 3,667.55(14.10 Points & 0.39%)

Nifty Spot-Levels & Trading Strategy for 17-12-2012

Nifty Spot-Levels

R3 5944
R2 5915
R1 5897
Avg 5868
S1 5850
S2 5821
S3 5803

Nifty Spot-Trading Strategy

H6 5926     Trgt 2
H5 5915     Trgt 1
H4 5904     Long breakout
H3 5891     Go Short
H2 5887
H1 5883
L1 5874
L2 5870
L3 5866     Long
L4 5853     Short Breakout
L5 5842     Trgt 1
L6 5831     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 17-12-2012

Nifty(Dec Fut)-Levels

R3 5984

R2 5953

R1 5933

Avg 5902

S1 5882

S2 5851

S3 5831

Nifty(Dec Fut)-Trading Strategy

H6 5965     Trgt 2 

H5 5953     Trgt 1

H4 5942     Long breakout 

H3 5928     Go Short 

H2 5923

H1 5918

L1 5909

L2 5904

L3 5899     Long 

L4 5885     Short Breakout 

L5 5874     Trgt 1 

L6 5862     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 17-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12899

R2 12719

R1 12616

Avg 12436

S1 12333

S2 12153

S3 12050

Bank Nifty(Dec Fut)-Trading Strategy

H6 12802     Trgt 2 

H5 12736     Trgt 1

H4 12669     Long breakout 

H3 12591     Go Short 

H2 12565

H1 12539

L1 12488

L2 12462

L3 12436     Long 

L4 12358     Short Breakout 

L5 12291     Trgt 1 

L6 12225     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Dec 17 to Dec 21,2012)

Nifty Spot-Weekly Levels

R3 6075

R2 6020

R1 5949

Avg 5894

S1 5823

S2 5768

S3 5697

Nifty Spot-Weekly Trading Strategy 

H6 6005     Trgt 2 

H5 5977     Trgt 1

H4 5948     Long breakout 

H3 5913     Go Short 

H2 5902

H1 5890

L1 5867

L2 5855

L3 5844     Long 

L4 5809     Short Breakout 

L5 5780     Trgt 1 

L6 5752     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Dec 17 to Dec 21,2012)

Bank Nifty Spot-Weekly Levels

R3 12863

R2 12701

R1 12562

Avg 12400

S1 12261

S2 12099

S3 11960

Bank Nifty Spot-Weekly Trading Strategy 

H6 12729     Trgt 2 

H5 12659     Trgt 1

H4 12589     Long breakout 

H3 12506     Go Short 

H2 12479

H1 12451

L1 12396

L2 12368

L3 12341    Long 

L4 12258     Short Breakout 

L5 12188     Trgt 1 

L6 12118     Trgt 2

Blog will be updated on 16-12-2012 

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 14-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12667

R2 12594

R1 12467

Avg 12394

S1 12267

S2 12194

S3 12067

Bank Nifty(Dec Fut)-Trading Strategy

H6  12541    Trgt 2 

H5  12496    Trgt 1

H4  12451    Long breakout 

H3  12396    Go Short 

H2  12377

H1  12359

L1  12322

L2  12304

L3  12286    Long 

L4  12231    Short Breakout 

L5  12185    Trgt 1 

L6  12140    Trgt 2

Pre-Closing Outlook(13-12-2012)

As whole market,small traders,investors and almost all were Bullish and expecting rally therefore following possibility was told today at 01:32 PM today in Mid-session Outlook:-

"sharp down panics also can not be ruled out"

As was projected same happened and sharp down moves started at 01:52 PM. 

Down moves first indication through valid break down of 5872 and now following range should be watched for next trend final confirmation:-

5829-5965

Mid-session Outlook(13-12-2012)

Following lines were told in Technical Analysis and Market Outlook today:-

1- Indian markets are not prepared for any side decisive moves
2- Next moves preparation through sideways trading will be seen between last 9 sessions trading range(5829-5965) in the coming sessions.
3- For next moves first indication valid break out of yesterday trading range(5872-5924) should be firstly watched today.

First 4 hours trading between 5879-5907 today with slipping without force and today intraday patterns are showing consolidation indications. Market takes its own time to complete consolidation/distribution process,let it complete and intraday charts chart to show its confirm formations then next decisive moves will be projected.

As intraday charts are showing consolidation indications therefore finally up moves are expected but whole market,small traders,investors and almost all are also Bullish and expecting rally therefore continuous down moves are being seen for Stop Loss cutting and sharp down panics also can not be ruled out in the coming sessions. For confirmations valid break out of following ranges should be watched:-

1- 5872-5924(first indication)
2- 5829-5965(final confirmation)

Technical Analysis and Market Outlook(13-12-2012

Nifty-Intra Day Chart (12-Dec-2012):-

                   Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day down moves in falling Channel(consolidation formation)
2- Minor selling formation.
3- Whole day actual trading between 5872-5924

Conclusions from intra day chart analysis 

Although whole day down moves with regular new lows formation but in falling Channel(consolidation formation) and after only minor selling therefore up moves continuation hops are alive`despite lower levels closing yesterday. For next moves first indication valid break out of yesterday trading range(5872-5924) should be firstly watched today.

As 9 sessions sideways market between 5829-5965 with lower levels good supports and higher levels selling therefore Indian markets are not prepared for any side decisive moves. Next moves preparation through sideways trading will be seen between last 9 sessions trading range(5829-5965) in the coming sessions.

All trends are up and confirmation of impulsive Wave-5 therefore finally Rally continuation above 5965 is will be seen. As yesterday intraday charts are showing consolidation formations therefore rally continuation hopes are alive after follow up consolidations in the coming sessions.

Indian Stock Markets Closing Reports(12-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed flat.

2- Most time narrow range moves.

3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.98

Total Options Put Call Ratio: 0.93

Nifty P/E Ratio(12-Dec-2012): 18.26

Advances & Declines

BSE Advances : 1,385

BSE Declines : 1,555  

NSE Advances :   784

NSE Declines :   965

Nifty Open Interest Changed Today

Nifty- 5700 CE(Dec)- -58,850(-3.54%)

Nifty- 5700 PE(Dec)-  615,400(10.41%)

Nifty- 5800 CE(Dec)- -223,300(-6.78%)

Nifty- 5800 PE(Dec)-  276,650(3.51%)

Nifty- 5900 CE(Dec)- 365,750(6.51%)

Nifty- 5900 PE(Dec)- 181,200(3.31%)

Nifty- 6000 CE(Dec)- 781,750(7.60%)

Nifty- 6000 PE(Dec)- 113,400(3.69%)

Closing 

Sensex- closed at 19,355.26(-31.88 Points & -0.16%)

Nifty- closed at 5,888.00(-10.80 Points & -0.18%)

CNX Midcap - closed at 8,370.75(10.55 Points & 0.13%)

CNX Smallcap- closed at 3,700.60(1.05 Points & 0.03%)

FII Trading Data in Derivatives Segment on 12-Dec-2012

FII & DII trading activity in Capital Market Segment on 12-Dec-2012

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 12-Dec-2012 4380.29 3427.54 952.75

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 12-Dec-2012 993.2 1358.27 -365.07

Nifty Spot-Levels & Trading Strategy for 13-12-2012

Nifty Spot-Levels

R3 5966

R2 5945

R1 5916

Avg 5895

S1 5866

S2 5845

S3 5816

Nifty Spot-Trading Strategy

H6 5938     Trgt 2 

H5 5926     Trgt 1

H4 5915     Long breakout 

H3 5901     Go Short 

H2 5897

H1 5892

L1 5883

L2 5878

L3 5874     Long 

L4 5860     Short Breakout 

L5 5849     Trgt 1 

L6 5837     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 13-12-2012

Nifty(Dec Fut)-Levels

R3 6003
R2 5983
R1 5955
Avg 5935
S1 5907
S2 5887
S3 5859

Nifty(Dec Fut)-Trading Strategy

H6 5976     Trgt 2
H5 5965     Trgt 1
H4 5954     Long breakout
H3 5941     Go Short
H2 5936
H1 5932
L1 5923
L2 5919
L3 5914     Long
L4 5901     Short Breakout
L5 5890     Trgt 1
L6 5879     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 13-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12601

R2 12545

R1 12472

Avg 12416

S1 12343

S2 12287

S3 12214

Bank Nifty(Dec Fut)-Trading Strategy

H6 12529     Trgt 2 

H5 12500     Trgt 1

H4 12470     Long breakout 

H3 12435     Go Short 

H2 12423

H1 12411

L1 12388

L2 12376

L3 12364     Long 

L4 12329     Short Breakout 

L5 12299     Trgt 1 

L6 12270     Trgt 2

Pre-Closing Outlook(12-12-2012)

Although whole day not sustaining at higher levels and slipping also even after above expectations good IIP data as well as more than 5 times new lows formation but intraday charts are showing consolidation formations therefore up moves continuation hops are alive.

For next moves first indication valid break out of 5884-5923 should be firstly watched.