Technical Analysis and Market Outlook(20-12-2012)

Nifty-Intra Day Chart (19-Dec-2012):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 5927-5939
2- 5 Times new lows formation
3- Support between 5911-5920
4- Whole day actual trading between 5911-5939

Conclusions from intra day chart analysis 

Although gap up opening today but under performance seen and it was immediately updated at 10:00 AM today. As profit booking developed immediately after opening therefore Nifty could not cross 1st hour highs and 5 times new lows formation seen. Market got intraday supports also at lower levels today therefore expected that rally will remain continued after follow up consolidation in the coming sessions.

Both intraday buying and selling today and volatility is also possible after Gujarat elections results tomorrow therefore today intraday trading range(5911-5939) valid break out should be firstly watched for next moves confirmations.  

All trends are up and rally continuation is expected but very short term correction can not be ruled out after higher levels selling today and correction completion confirmation is must before next rally above 5965. Following levels should be firstly watched:-

1- Next support range(5880-5905)
2- Next resistance range(5935-5965)

Expected that Nifty will prepare for next moves between 5880-5965 in the coming sessions.

FII & DII trading activity in Capital Market Segment on 19-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 19-Dec-2012 4483.24 3238.28 1244.96

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 19-Dec-2012 1016.32 1385.38 -369.06

Indian Stock Markets Closing Reports(19-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.

2- Most Indices closed positive except CNX FINANCE,CNX FMCG,CNX INFRA and CNX MEDIA.

3- Narrow range trading with small White candle formation.

Ratios

Index Options Put Call Ratio: 0.98

Total Options Put Call Ratio: 0.91

Nifty P/E Ratio(19-Dec-2012): 18.47

Advances & Declines

BSE Advances : 1,630

BSE Declines : 1,337 

NSE Advances :   840 

NSE Declines :   609

Nifty Open Interest Changed Today

Nifty- 5800 CE(Dec)- -660,800(-21.90%)

Nifty- 5800 PE(Dec)- -113,800(-1.15%)

Nifty- 5900 CE(Dec)- 124,050(1.87%)

Nifty- 5900 PE(Dec)- 178,000(2.66%)

Nifty- 6000 CE(Dec)- -38,050(-0.33%)

Nifty- 6000 PE(Dec)-  478,300(17.12%)

Nifty- 6100 CE(Dec)-  616,450(7.21%)

Nifty- 6100 PE(Dec)- -38,850 (-5.73%)

Closing 

Sensex- closed at 19,476.00(111.25 Points & 0.57%)

Nifty- closed at 5,929.60(32.80 Points & 0.56%)

CNX Midcap - closed at 8,480.70(54.00 Points & 0.64%)

CNX Smallcap- closed at 3,733.30(9.95 Points & 0.27%)

Nifty Spot-Levels & Trading Strategy for 20-12-2012

Nifty Spot-Levels

R3 5971
R2 5955
R1 5942
Avg 5926
S1 5913
S2 5897
S3 5884

Nifty Spot-Trading Strategy

H6 5958     Trgt 2
H5 5951     Trgt 1
H4 5944     Long breakout
H3 5936     Go Short
H2 5934
H1 5931
L1 5926
L2 5923
L3 5921     Long
L4 5913     Short Breakout
L5 5906     Trgt 1
L6 5899     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 20-12-2012

Nifty(Dec Fut)-Levels

R3 5985
R2 5973
R1 5959
Avg 5947
S1 5933
S2 5921
S3 5907

Nifty(Dec Fut)-Trading Strategy

H6  5972    Trgt 2
H5  5966    Trgt 1
H4  5960    Long breakout
H3  5953    Go Short
H2  5950
H1  5948
L1  5943
L2  5941
L3  5938    Long
L4  5931    Short Breakout
L5  5925    Trgt 1
L6  5919    Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 20-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12760
R2 12689
R1 12617
Avg 12546
S1 12474
S2 12403
S3 12331

Bank Nifty(Dec Fut)-Trading Strategy

H6 12688     Trgt 2
H5 12656     Trgt 1
H4 12623     Long breakout
H3 12584     Go Short
H2 12571
H1 12558
L1 12531
L2 12518
L3 12505     Long
L4 12466     Short Breakout
L5 12433     Trgt 1
L6 12401     Trgt 2

Pre-Closing Outlook(19-12-2012)

Although firstly higher levels profit booking but lower levels supports also seen today and more consolidation is required for crossing next resistance(5935-5965). Today intraday trading range(5910-5939) valid break out should be firstly watched for next moves confirmations.

Mid-session Outlook(19-12-2012)

Caution message was immediately updated in 1st hour today after watching under performance of Indian markets and Nifty could not cross today intraday highs as well as continuously formation of new intraday lows. Intraday correction is on and consolidation is required for crossing next resistance.

All trends are up and rally continuation will be seen but today started intraday correction completion confirmation is must before next rally above 5965. Following levels should be firstly watched now:-

1- Next support range(5880-5905)
2- Next resistance range(5935-5965)

Expected that Nifty will prepare for next moves between 5880-5965.

Post-open Outlook-2(19-12-2012)

Sentiment heated today morning due to strong Global cues and positive news(Lok Sabha approving of Companies Bill 2011 and Banking amendment Bill) from Parliament and gap up opening seen but market under performed immediately after opening therefore intraday correction is being seen. As Nifty traded in next resistance range(5935-5965) and some consolidation is also required therefore intraday correction confirmation is must  before next rally above 5965. Following levels should be firstly watched now:-

1- Next support range(5880-5905)
2- Next resistance range(5935-5965)

Expected that Nifty will prepare for next moves between 5880-5965 and some volatile moves may also be seen tomorrow after declaration of Gujarat elections results.

Post-open Outlook(19-12-2012)

Trading between next resistance range(5935-5965) after gap up opening but under performing Global cues today therefore mentioned resistance range has to be firstly watched.

Rally Continuation after correction completion

Nifty-Intra Day Chart (18-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in intraday chart

1- Panic bottom formation after RBI Credit policy.
2- Consolidation between 5880-5905
3- Whole day actual trading between 5824-5905

Technical Patterns and Formations in intraday chart

As intraday consolidation patterns formations after panic bottom formation seen therefore following conclusive lines were told yesterday in Pre-Closing Outlook(18-12-2012) and being repeated for today market:-

Long term and Intermediate term trends are up and short Term sideways correction going on between 5823-5965 for the last 12 sessions. As correction completion strong indication after panic Bottom formation today therefore now possibility of rally continuation after today short Term correction completion,confirmation will be sustaining above 5920.

Nifty Spot-Levels & Trading Strategy for 19-12-2012

Nifty Spot-Levels

R3 6008

R2 5956

R1 5926

Avg 5874

S1 5844

S2 5792

S3 5762

Nifty Spot-Trading Strategy

H6 5979     Trgt 2 

H5 5960     Trgt 1

H4 5941     Long breakout 

H3 5918     Go Short 

H2 5910

H1 5903

L1 5888

L2 5880

L3 5873     Long 

L4 5850     Short Breakout 

L5 5831     Trgt 1 

L6 5812     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 19-12-2012

Nifty(Dec Fut)-Levels

R3 6084

R2 6017

R1 5972

Avg 5905

S1 5860

S2 5793

S3 5748

Nifty(Dec Fut)-Trading Strategy

H6 6041     Trgt 2 

H5 6016    Trgt 1

H4 5990     Long breakout 

H3 5959     Go Short 

H2 5948

H1 5938

L1 5917

L2 5907

L3 5896     Long 

L4 5865     Short Breakout 

L5 5839     Trgt 1 

L6 5814     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 19-12-2012

Bank Nifty(Dec Fut)-Levels

R3 13031

R2 12815

R1 12682

Avg 12466

S1 12333

S2 12117

S3 11984

Bank Nifty(Dec Fut)-Trading Strategy

H6 12906     Trgt 2 

H5 12825     Trgt 1

H4 12744     Long breakout 

H3 12646     Go Short 

H2 12613

H1 12581

L1 12516

L2 12484

L3 12451     Long 

L4 12353     Short Breakout 

L5 12272     Trgt 1 

L6 12191     Trgt 2

Pre-Closing Outlook(18-12-2012)

Strong recovery after panic bottom completion at 5,823.15 and after that intraday consolidation patterns formations as well. Trading above next 1st resistance(5885) but follow up consolidations are required for sustaining above next crucial resistance(5920)

Long term and Intermediate term trends are up and short Term sideways correction going on between 5823-5965 for the last 12 sessions. As correction completion strong indication after panic Bottom formation today therefore now possibility of rally continuation after today short Term correction completion,confirmation will be sustaining above 5920.

Mid-session Outlook(18-12-2012)

Although down moves seen today but its possibility was told in all the previous 3 Outlooks of yesterday and today. One down move was expected and it was seen today and support of 5839 has also been tested. 

Today news based volatile market with sharp recovery from lower levels also. Nifty is range bound  between 5839-5962 for the last 12 sessions and today support at lower levels. Following resistances should be firstly watched now for next rally after correction completion confirmations:-

1- 5885  
2- 5920

NIFTY-Dec Put Option(5900)-1st Positional BUYing of 17-12-2012-Covering

NIFTY-Dec Put Option(5900)-Positional Bought on 17-12-2012-Cover and book profit immediately-CMP-78(Lalit39)

Technical Analysis and Market Outlook(18-12-2012)

Nifty-Intra Day Chart (17-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day down moves with continuous selling.
2- Whole day actual trading between 5850-5885.

Conclusions from intra day chart analysis 

As Whole day down moves after continuous selling therefore down moves are expected.

Pre-open Outlook(18-12-2012)

Most Asian markets are positive today after good rally in US markets yesterday and positive opening will be seen in Indian markets. As selling yesterday therefore expected that Nifty will firstly hover around yesterday trading range(5850-5886). RBI Credit policy will finally drive Indian markets and up moves will be seen only after any surprising positive announcements otherwise Indian markets are technically prepared for some more down moves.

FII Trading Data in Derivatives Segment on 17-Dec-2012

FII & DII trading activity in Capital Market Segment on 17-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 17-Dec-2012 3551.68 2665 886.68

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Dec-2012 853.94 1544.26 -690.32

Indian Stock Markets Closing Reports(17-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red.
2- Midcap and Smallcap closed in Green.
3- Black Candle formation.

Ratios

Index Options Put Call Ratio: 0.97
Total Options Put Call Ratio: 0.91
Nifty P/E Ratio(17-Dec-2012): 18.18

Advances & Declines

BSE Advances : 1,524
BSE Declines : 1,374
NSE Advances :   940
NSE Declines :   784

Nifty Open Interest Changed Today

Nifty- 5700 CE(Dec)- 178,300(-12.49%)
Nifty- 5700 PE(Dec)- 146,750(2.14%)

Nifty- 5800 CE(Dec)- 123,700(4.00%)
Nifty- 5800 PE(Dec)- 145,350(1.59%)

Nifty- 5900 CE(Dec)- 603,200(9.52%)
Nifty- 5900 PE(Dec)- -278,600(-4.49%)

Nifty- 6000 CE(Dec)- 986,600(8.77%)
Nifty- 6000 PE(Dec)- -115,150(-4.14%)

Closing 

Sensex- closed at 19,244.42(-72.83 Points & -0.38%)
Nifty- closed at 5,857.90(-21.70 Points & -0.37%)
CNX Midcap - closed at 8,382.70(20.95 Points & 0.25%)
CNX Smallcap- closed at 3,690.50(22.95 Points & 0.63%)