Wish you all a very Blessful, Bright, Prosperous, Happy, Healthy & Wealthy New Year 2012
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Last Over of the Bull/Bear Match in 1st Week of 2012
Wishing you all Happy,Healthy & Prosperous 2012
Weekly Outlook(Jan 02 to Jan 06,2012)
Nifty-Monthly Chart(30-Dec-2011)
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1- All trends are down.
2- Down moves in Falling Channel.
3- Monthly closing at 30 months lowest on the last day of 2011
Conclusions from Monthly chart analysis
2011 begun from long bearish Candle and finished also with long bearish candle and corrected that rally which begun in March 2009.
Nifty-Weekly Chart(30-Dec-2011)
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1- Weekly closing below the top of Wave-1(4693) at 4624.30
Conclusions from Weekly chart analysis
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"
Top of wave 1 was at 4693 and previous Weekly closing is below 4693 therefore Wave-4 is at stake and with this whole 38 months Waves structure which begum on 27-10-2008 from 2252 will break after confirmation of Wave-4 failure.
Nifty-EOD Chart(30-Dec-2011)
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1- Trend Reversal Broadening Pattern at the bottom of 13 months correction is still intact.
2- 97 Sessions sideways market between 4720-5229 broken down.
Conclusions from EOD chart analysis
All trends are down after 13 months correction and above mentioned 2 trend reversal formations for the last 97 months and in which sideways market structure has been broken down. Last hope of Bulls survival is that Trend Reversal Broadening Pattern which is still intact.
Nifty-Intra Day Chart(30-Dec-2011)
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1- Selling between 4675-4687
2- Sharp fall
2- Last more than one hour support between 4610-4627
3- Whole day trading between 4610-4627
Conclusions from intra day chart analysis
Although selling at higher levels but intraday support also during last more than one hour seen therefore minor upmove is expected in the beginning of next week
Conclusions (After Putting All Studies Together)
All trends are down at the end of 2011.
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"
Top of wave 1 was at 4693 and Nifty closed below 4693 last Friday. It means that Wave 4 of Nifty dipped and closed below the top of wave 1. As Trend Reversal Broadening Pattern at the bottom of 13 months correction is still intact therefore it will be understood that 38 months waves structure(Patient) is on ventilator and structure termation will get confirmation throgh sustaining below 4693 and dipping below the falling lower line of Broadening Pattern.
Next immediate supports are as follows:-
1- 4602-4624
2- 4560-4590
First of all it has to be decided that Nifty is getting support at above mentioned supports or not. As intraday support seen last Friday between 4610-4627 therefore sustaining beyond above support will be firstly watched in the beginning of next week and finally sustaining below 4560 will be confirmation of 38 months waves structure failure and in that situation much lower levels will be expected. Sustaining above 4627 be confirmation of survival hopes revival and any rally will get up moves confirmation according to crossing of crucial higher levels and multiple resistances.
Most depressed sentiment at the beginning of 2012 because lowest closing of 2011 and first of all sustaining beyond 4610-4627 will be firstly watched. Finally sustaining beyond 4560 will give following confirmation in next week;-
1- Below 4560 will mean Bear victory with sharp down.
2- Above 4560 will mean revival of Bull's survival hopes.
FII & DII trading activity in Capital Market Segment on 30-Dec-2011
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Indian Stock Markets Closing Reports(30-Dec-2011)
Main features of today trading are as follows
1- Benchmark Indices closed in Red.
2- Black Candle
3- Midcap and Small cap Indices closed in Green
Ratios
Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(30-Jan-2011): 16.75
Advances & Janlines
BSE ADVANCES : 1313
BSE JanLINES : 1491
NSE ADVANCES : 689
NSE JanLINES : 729
Nifty Open Interest Changed Today
Nifty- 4600 CE(Jan)- +257100(+17.97%)
Nifty- 4600 PE(Jan)- +708250(+23.59%)
Nifty- 4700 CE(Jan)- +1017350(+39.24%)
Nifty- 4700 PE(Jan)- +184100(+7.85%)
Nifty- 4800 CE(Jan)- +706400(+27.11%)
Nifty- 4800 PE(Jan)- +51000(+3.27%)
Closing
Nifty- closed at 4,624.30(-21.95Points & -0.47%)
Sensex- closed at 15,454.92(-89.01Points & -0.57%)
CNX MIDCAP - closed at 6,111.85(+33.45Points & +0.55%)
BSE SMALL CAP- closed at 5,550.14(+5.15Points & +0.09%)
1- Benchmark Indices closed in Red.
2- Black Candle
3- Midcap and Small cap Indices closed in Green
Ratios
Nifty Put Call Ratio: 1.09
Nifty P/E Ratio(30-Jan-2011): 16.75
Advances & Janlines
BSE ADVANCES : 1313
BSE JanLINES : 1491
NSE ADVANCES : 689
NSE JanLINES : 729
Nifty Open Interest Changed Today
Nifty- 4600 CE(Jan)- +257100(+17.97%)
Nifty- 4600 PE(Jan)- +708250(+23.59%)
Nifty- 4700 CE(Jan)- +1017350(+39.24%)
Nifty- 4700 PE(Jan)- +184100(+7.85%)
Nifty- 4800 CE(Jan)- +706400(+27.11%)
Nifty- 4800 PE(Jan)- +51000(+3.27%)
Closing
Nifty- closed at 4,624.30(-21.95Points & -0.47%)
Sensex- closed at 15,454.92(-89.01Points & -0.57%)
CNX MIDCAP - closed at 6,111.85(+33.45Points & +0.55%)
BSE SMALL CAP- closed at 5,550.14(+5.15Points & +0.09%)
Nifty Spot-Levels & Trading Strategy for 02-01-2012
Nifty Spot-Levels
R3 4755
R2 4722
R1 4673
Avg 4640
S1 4591
S2 4558
S3 4509
Nifty Spot-Trading Strategy
H6 4706 Trgt 2
H5 4687 Trgt 1
H4 4669 Long breakout
H3 4646 Go Short
H2 4639
H1 4631
L1 4616
L2 4608
L3 4601 Long
L4 4578 Short Breakout
L5 4560 Trgt 1
L6 4541 Trgt 2
R3 4755
R2 4722
R1 4673
Avg 4640
S1 4591
S2 4558
S3 4509
Nifty Spot-Trading Strategy
H6 4706 Trgt 2
H5 4687 Trgt 1
H4 4669 Long breakout
H3 4646 Go Short
H2 4639
H1 4631
L1 4616
L2 4608
L3 4601 Long
L4 4578 Short Breakout
L5 4560 Trgt 1
L6 4541 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 02-01-2012
Nifty(Jan Fut)-Levels
R3 4784
R2 4746
R1 4690
Avg 4652
S1 4596
S2 4558
S3 4502
Nifty( Jan Fut)-Trading Strategy
H6 4728 Trgt 2
H5 4707 Trgt 1
H4 4685 Long breakout
H3 4659 Go Short
H2 4651
H1 4642
L1 4625
L2 4616
L3 4608 Long
L4 4582 Short Breakout
L5 4560 Trgt 1
L6 4539 Trgt 2
R3 4784
R2 4746
R1 4690
Avg 4652
S1 4596
S2 4558
S3 4502
Nifty( Jan Fut)-Trading Strategy
H6 4728 Trgt 2
H5 4707 Trgt 1
H4 4685 Long breakout
H3 4659 Go Short
H2 4651
H1 4642
L1 4625
L2 4616
L3 4608 Long
L4 4582 Short Breakout
L5 4560 Trgt 1
L6 4539 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 02-01-2012
Bank Nifty( Jan Fut)-Levels
R3 8304
R2 8216
R1 8080
Avg 7992
S1 7856
S2 7768
S3 7632
Bank Nifty( Jan Fut)-Trading Strategy
H6 8169 Trgt 2
H5 8118 Trgt 1
H4 8067 Long breakout
H3 8005 Go Short
H2 7985
H1 7964
L1 7923
L2 7902
L3 7882 Long
L4 7820 Short Breakout
L5 7769 Trgt 1
L6 7718 Trgt 2
R3 8304
R2 8216
R1 8080
Avg 7992
S1 7856
S2 7768
S3 7632
Bank Nifty( Jan Fut)-Trading Strategy
H6 8169 Trgt 2
H5 8118 Trgt 1
H4 8067 Long breakout
H3 8005 Go Short
H2 7985
H1 7964
L1 7923
L2 7902
L3 7882 Long
L4 7820 Short Breakout
L5 7769 Trgt 1
L6 7718 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Jan 02 to Jan 06,2011)
Nifty Spot-Weekly Levels
R3 4940
R2 4870
R1 4747
Avg 4677
S1 4554
S2 4484
S3 4361
Nifty Spot-Weekly Trading Strategy
H6 4817 Trgt 2
H5 4773 Trgt 1
H4 4730 Long breakout
H3 4677 Go Short
H2 4659
H1 4641
L1 4606
L2 4588
L3 4570 Long
L4 4517 Short Breakout
L5 4474 Trgt 1
L6 4430 Trgt 2
R3 4940
R2 4870
R1 4747
Avg 4677
S1 4554
S2 4484
S3 4361
Nifty Spot-Weekly Trading Strategy
H6 4817 Trgt 2
H5 4773 Trgt 1
H4 4730 Long breakout
H3 4677 Go Short
H2 4659
H1 4641
L1 4606
L2 4588
L3 4570 Long
L4 4517 Short Breakout
L5 4474 Trgt 1
L6 4430 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Jan 02 to Jan 06,2011)
Bank Nifty Spot-Weekly Levels
R3 8778
R2 8599
R1 8283
Avg 8104
S1 7788
S2 7609
S3 7293
Bank Nifty Spot-Weekly Trading Strategy
H6 8465 Trgt 2
H5 8352 Trgt 1
H4 8240 Long breakout
H3 8104 Go Short
H2 8058
H1 8013
L1 7922
L2 7877
L3 7831 Long
L4 7695 Short Breakout
L5 7583 Trgt 1
L6 7470 Trgt 2
R3 8778
R2 8599
R1 8283
Avg 8104
S1 7788
S2 7609
S3 7293
Bank Nifty Spot-Weekly Trading Strategy
H6 8465 Trgt 2
H5 8352 Trgt 1
H4 8240 Long breakout
H3 8104 Go Short
H2 8058
H1 8013
L1 7922
L2 7877
L3 7831 Long
L4 7695 Short Breakout
L5 7583 Trgt 1
L6 7470 Trgt 2
NIFTY-Jan F&O-1st Buying of 30-12-2011-Trade
NIFTY(Jan Fut-Buy-Positional)SL-4614-TGT-4684-CMP-4631
NIFTY(Jan Call Option-Buy-Positional)SL-4614-TGT-4684-S.P.FOR Call-4600,4700(Jan Fut-Rates for all Options)-CMP-4630
(No covering today)
Pre-Closing Outlook(30-12-2011)
Lower levels supports testing posibility has already been was told in previous outlooks and immediate supports have also been given.
Although selling at higher levels but intraday support also during last one hour seen today therefore minor upmove is expected on Monday
Mid-session Outlook-2(30-12-2011)
Market moved up after opening but selling developed and Nifty could not cross next resistance as well as slipped. Next supports have been updated in previous outlooks and that will be tested now.
Mid-session Outlook(30-12-2011)
Crucial and next moves deciding levels for today have already been posted in Pre-open Outlook today and Nifty is trading between 4660-4687 since opening with minor consolidation indications but lot of consolidation is required for any sustained up move from here. Most uncertain cues from global markets therefore will be better to get confirmation through sustaining beyond following next support/resistance range:-
Support- 4602-4624
Resistance- 4680-4700
As minor consolidation indications today therefore up moves are expected and sustaining above 4700 will confirmation level.
Support- 4602-4624
Resistance- 4680-4700
As minor consolidation indications today therefore up moves are expected and sustaining above 4700 will confirmation level.
Pre-open Outlook(30-12-2011)
Sentiment improved after good gains in US markets therefore all the Asian markets are positive and Nifty will firstly trade between 4624-4680 after Green opening today, Immediate support and resistance are as follows;-
Support- 4602-4624
Resistance- 4680-4700
As global markets are getting directions from US and European markets therefore positive mood today morning and Indian markets will prepare for next moves between 4624-4680 as well as next trend will be understood according to sustaining beyond this range.
Support- 4602-4624
Resistance- 4680-4700
As global markets are getting directions from US and European markets therefore positive mood today morning and Indian markets will prepare for next moves between 4624-4680 as well as next trend will be understood according to sustaining beyond this range.
Nifty-Micro Analysis of Intra Day Chart For 30-12-2011
Nifty-Intra Day Chart(29-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Selling between 4680-4700
2- Sharp fall
3- Whole day trading between 4640-4700
Conclusions from intra day chart analysis
All trends are already down and previous week begun rally fizzled out after intraday selling again today therefore more down moves will be seen and Nifty will test following immediate supports of the rally:-
Next immediate supports are as follows:-
1- 4602-4624
2- 4560-4590
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1- Selling between 4680-4700
2- Sharp fall
3- Whole day trading between 4640-4700
Conclusions from intra day chart analysis
All trends are already down and previous week begun rally fizzled out after intraday selling again today therefore more down moves will be seen and Nifty will test following immediate supports of the rally:-
Next immediate supports are as follows:-
1- 4602-4624
2- 4560-4590
FII & DII trading activity in Capital Market Segment on 29-Dec-2011
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Indian Stock Markets Closing Reports(29-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Red except Metals and Health Care.
2- Black Candle
3- Weaker Global cues led whole day negative markets.
Ratios
Nifty Put Call Ratio: 0.82
Nifty P/E Ratio(29-Dec-2011): 16.83
Advances & Janlines
BSE ADVANCES : 1151
BSE JanLINES : 1541
NSE ADVANCES : 501
NSE JanLINES : 933
Nifty Open Interest Changed Today
Nifty- 4600 CE(Jan)- +567150(+70.18%)
Nifty- 4600 PE(Jan)- +549550(+20.69%)
Nifty- 4700 CE(Jan)- +964150(+63.17%)
Nifty- 4700 PE(Jan)- -86350(-3.55%)
Nifty- 4800 CE(Jan)- +341350(+13.88%)
Nifty- 4800 PE(Jan)- -153400(-8.90%)
Closing
Nifty- closed at 4,646.25(-59.55 Points & -1.27%)
Sensex- closed at 15,543.93(-183.92 Points & -1.170%)
CNX MIDCAP - closed at 6,078.40(-49.35 Points & -0.81%)
BSE SMALL CAP- closed at 5,544.99(-41.56 Points & -0.74%)
1- All the Indices closed in Red except Metals and Health Care.
2- Black Candle
3- Weaker Global cues led whole day negative markets.
Ratios
Nifty Put Call Ratio: 0.82
Nifty P/E Ratio(29-Dec-2011): 16.83
Advances & Janlines
BSE ADVANCES : 1151
BSE JanLINES : 1541
NSE ADVANCES : 501
NSE JanLINES : 933
Nifty Open Interest Changed Today
Nifty- 4600 CE(Jan)- +567150(+70.18%)
Nifty- 4600 PE(Jan)- +549550(+20.69%)
Nifty- 4700 CE(Jan)- +964150(+63.17%)
Nifty- 4700 PE(Jan)- -86350(-3.55%)
Nifty- 4800 CE(Jan)- +341350(+13.88%)
Nifty- 4800 PE(Jan)- -153400(-8.90%)
Closing
Nifty- closed at 4,646.25(-59.55 Points & -1.27%)
Sensex- closed at 15,543.93(-183.92 Points & -1.170%)
CNX MIDCAP - closed at 6,078.40(-49.35 Points & -0.81%)
BSE SMALL CAP- closed at 5,544.99(-41.56 Points & -0.74%)
Nifty Spot-Levels & Trading Strategy for 30-12-2011
Nifty Spot-Levels
R3 4747
R2 4724
R1 4685
Avg 4662
S1 4623
S2 4600
S3 4561
Nifty Spot-Trading Strategy
H6 4708 Trgt 2
H5 4694 Trgt 1
H4 4680 Long breakout
H3 4663 Go Short
H2 4657
H1 4651
L1 4640
L2 4634
L3 4628 Long
L4 4611 Short Breakout
L5 4597 Trgt 1
L6 4583 Trgt 2
R3 4747
R2 4724
R1 4685
Avg 4662
S1 4623
S2 4600
S3 4561
Nifty Spot-Trading Strategy
H6 4708 Trgt 2
H5 4694 Trgt 1
H4 4680 Long breakout
H3 4663 Go Short
H2 4657
H1 4651
L1 4640
L2 4634
L3 4628 Long
L4 4611 Short Breakout
L5 4597 Trgt 1
L6 4583 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 30-12-2011
Nifty(Jan Fut)-Levels
R3 4779
R2 4753
R1 4713
Avg 4687
S1 4647
S2 4621
S3 4581
Nifty(Jan Fut)-Trading Strategy
H6 4739 Trgt 2
H5 4724 Trgt 1
H4 4709 Long breakout
H3 4691 Go Short
H2 4685
H1 4679
L1 4666
L2 4660
L3 4654 Long
L4 4636 Short Breakout
L5 4621 Trgt 1
L6 4606 Trgt 2
R3 4779
R2 4753
R1 4713
Avg 4687
S1 4647
S2 4621
S3 4581
Nifty(Jan Fut)-Trading Strategy
H6 4739 Trgt 2
H5 4724 Trgt 1
H4 4709 Long breakout
H3 4691 Go Short
H2 4685
H1 4679
L1 4666
L2 4660
L3 4654 Long
L4 4636 Short Breakout
L5 4621 Trgt 1
L6 4606 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 30-12-2011
Bank Nifty(Jan Fut)-Levels
R3 8241
R2 8180
R1 8097
Avg 8036
S1 7953
S2 7892
S3 7809
Bank Nifty(Jan Fut)-Trading Strategy
H6 8158 Trgt 2
H5 8125 Trgt 1
H4 8093 Long breakout
H3 8053 Go Short
H2 8040
H1 8027
L1 8000
L2 7987
L3 7974 Long
L4 7934 Short Breakout
L5 7902 Trgt 1
L6 7869 Trgt 2
R3 8241
R2 8180
R1 8097
Avg 8036
S1 7953
S2 7892
S3 7809
Bank Nifty(Jan Fut)-Trading Strategy
H6 8158 Trgt 2
H5 8125 Trgt 1
H4 8093 Long breakout
H3 8053 Go Short
H2 8040
H1 8027
L1 8000
L2 7987
L3 7974 Long
L4 7934 Short Breakout
L5 7902 Trgt 1
L6 7869 Trgt 2
Pre-Closing Outlook(29-12-2011)
Following two lines were told in Post-open Outlook today;-
1- Nifty is trading below yesterday range between 4673-4692 since opening today
2- Nifty has to prepare for next moves and that will be done near about today trading range.
Nifty hovered around whole day above mentioned range within 4668-4700 with intraday selling patterns therefore more down moves are expected in the coming sessions.
1- Nifty is trading below yesterday range between 4673-4692 since opening today
2- Nifty has to prepare for next moves and that will be done near about today trading range.
Nifty hovered around whole day above mentioned range within 4668-4700 with intraday selling patterns therefore more down moves are expected in the coming sessions.
Post-open Outlook(29-12-2011)
As weaker Global cues therefore Nifty is trading below yesterday range between 4673-4692 since opening today and minor support also seen at lower levels. Firstly breaking out and after that sustaining beyond mentioned range will be next very short term move indication. Good supports below today range and resistances also above therefore Nifty has to prepare for next moves and that will be done near about today trading range.
Global cues led down moves in last two sessions therefore sustaining below 4686(yesterday low) is must today for confirmation of next down phase.
Global cues led down moves in last two sessions therefore sustaining below 4686(yesterday low) is must today for confirmation of next down phase.
Pull Back Rally continuation after correction completion
Nifty-Micro Analysis of Intra Day Chart For 29-12-2011
Nifty-Intra Day Chart(28-Dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Support between 4686-4707
2- First 5 hours falling channel pattern and after that its upward break out.
3- Selling patterns between 4715-4724
4- Most time trading between 4686-4724
Conclusions from intra day chart analysis
Weaker Global cues led whole day negative zone trading with lower levels support and higher levels selling patterns. As first 5 hours falling channel pattern and after that its upward break out also as well as lack of much selling at higher levels therefore it is being felt that today down moves were due to negative Asian cues and without genuine selling patterns.
All trends are down and correction of previous week begun rally is continued in this week as well as last 2 sessions intraday patterns are not suggesting genuine selling therefore no confirmation of rally termination.
Next support is at 4700 and Nifty hovered around it today with mixed intraday patterns between 4686-4724. Expected that Ninty will firstly trade betweeen 4686-4724 and Sustaining beyond above mentioned range will decide the fate of previous week begun rally therefore will be watched first of all tomorrow.
Expected that Nifty will finally sustain above 4724 and pull back rally will remain continued after completion of very short term correction.
Nifty-Intra Day Chart(28-Dec-2011):-
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| Just click on chart for its enlarged view |
1- Support between 4686-4707
2- First 5 hours falling channel pattern and after that its upward break out.
3- Selling patterns between 4715-4724
4- Most time trading between 4686-4724
Conclusions from intra day chart analysis
Weaker Global cues led whole day negative zone trading with lower levels support and higher levels selling patterns. As first 5 hours falling channel pattern and after that its upward break out also as well as lack of much selling at higher levels therefore it is being felt that today down moves were due to negative Asian cues and without genuine selling patterns.
All trends are down and correction of previous week begun rally is continued in this week as well as last 2 sessions intraday patterns are not suggesting genuine selling therefore no confirmation of rally termination.
Next support is at 4700 and Nifty hovered around it today with mixed intraday patterns between 4686-4724. Expected that Ninty will firstly trade betweeen 4686-4724 and Sustaining beyond above mentioned range will decide the fate of previous week begun rally therefore will be watched first of all tomorrow.
Expected that Nifty will finally sustain above 4724 and pull back rally will remain continued after completion of very short term correction.
Indian Stock Markets Closing Reports(28-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Red except Power and Capital Goods
2- Red Closing.
3- Weaker global cues led whole day negative zone trading.
Ratios
Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(28-Dec-2011): 17.04
Advances & Declines
BSE ADVANCES : 1054
BSE DECLINES : 1683
NSE ADVANCES : 447
NSE DECLINES : 977
Nifty Open Interest Changed Today
Nifty- 4600 CE(Dec)- +17450(+1.36%)
Nifty- 4600 PE(Dec)- -292400(-4.13%)
Nifty- 4700 CE(Dec)- +1480100(+37.08%)
Nifty- 4700 PE(Dec)- -466850(-7.47%)
Nifty- 4800 CE(Dec)- +1324350(+19.46%)
Nifty- 4800 PE(Dec)- -1341500(-29.62%)
Closing
Nifty- closed at 4,705.80(-44.70 Points & -0.94%)
Sensex- closed at 15,727.85(-146.10 Points & -0.92% )
CNX MIDCAP - closed at 6,127.75(-60.60 Points & -0.98%)
BSE SMALL CAP- closed at 5,650.02(-19.96 Points & -0.35%)
1- All the Indices closed in Red except Power and Capital Goods
2- Red Closing.
3- Weaker global cues led whole day negative zone trading.
Ratios
Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(28-Dec-2011): 17.04
Advances & Declines
BSE ADVANCES : 1054
BSE DECLINES : 1683
NSE ADVANCES : 447
NSE DECLINES : 977
Nifty Open Interest Changed Today
Nifty- 4600 CE(Dec)- +17450(+1.36%)
Nifty- 4600 PE(Dec)- -292400(-4.13%)
Nifty- 4700 CE(Dec)- +1480100(+37.08%)
Nifty- 4700 PE(Dec)- -466850(-7.47%)
Nifty- 4800 CE(Dec)- +1324350(+19.46%)
Nifty- 4800 PE(Dec)- -1341500(-29.62%)
Closing
Nifty- closed at 4,705.80(-44.70 Points & -0.94%)
Sensex- closed at 15,727.85(-146.10 Points & -0.92% )
CNX MIDCAP - closed at 6,127.75(-60.60 Points & -0.98%)
BSE SMALL CAP- closed at 5,650.02(-19.96 Points & -0.35%)
Nifty Spot-Levels & Trading Strategy for 29-12-2011
Nifty Spot-Levels
R3 4816
R2 4786
R1 4745
Avg 4715
S1 4674
S2 4644
S3 4603
Nifty Spot-Trading Strategy
H6 4776 Trgt 2
H5 4760 Trgt 1
H4 4744 Long breakout
H3 4724 Go Short
H2 4718
H1 4711
L1 4698
L2 4691
L3 4685 Long
L4 4665 Short Breakout
L5 4649 Trgt 1
L6 4633 Trgt 2
R3 4816
R2 4786
R1 4745
Avg 4715
S1 4674
S2 4644
S3 4603
Nifty Spot-Trading Strategy
H6 4776 Trgt 2
H5 4760 Trgt 1
H4 4744 Long breakout
H3 4724 Go Short
H2 4718
H1 4711
L1 4698
L2 4691
L3 4685 Long
L4 4665 Short Breakout
L5 4649 Trgt 1
L6 4633 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 29-12-2011
Nifty(Dec Fut)-Levels
R3 4826
R2 4791
R1 4751
Avg 4716
S1 4676
S2 4641
S3 4601
Nifty(Dec Fut)-Trading Strategy
H6 4786 Trgt 2
H5 4769 Trgt 1
H4 4752 Long breakout
H3 4731 Go Short
H2 4724
H1 4717
L1 4704
L2 4697
L3 4690 Long
L4 4669 Short Breakout
L5 4652 Trgt 1
L6 4635 Trgt 2
R3 4826
R2 4791
R1 4751
Avg 4716
S1 4676
S2 4641
S3 4601
Nifty(Dec Fut)-Trading Strategy
H6 4786 Trgt 2
H5 4769 Trgt 1
H4 4752 Long breakout
H3 4731 Go Short
H2 4724
H1 4717
L1 4704
L2 4697
L3 4690 Long
L4 4669 Short Breakout
L5 4652 Trgt 1
L6 4635 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 29-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8411
R2 8328
R1 8224
Avg 8141
S1 8037
S2 7954
S3 7850
Bank Nifty(Dec Fut)-Trading Strategy
H6 8309 Trgt 2
H5 8266 Trgt 1
H4 8223 Long breakout
H3 8172 Go Short
H2 8155
H1 8138
L1 8103
L2 8086
L3 8069 Long
L4 8018 Short Breakout
L5 7975 Trgt 1
L6 7932 Trgt 2
R3 8411
R2 8328
R1 8224
Avg 8141
S1 8037
S2 7954
S3 7850
Bank Nifty(Dec Fut)-Trading Strategy
H6 8309 Trgt 2
H5 8266 Trgt 1
H4 8223 Long breakout
H3 8172 Go Short
H2 8155
H1 8138
L1 8103
L2 8086
L3 8069 Long
L4 8018 Short Breakout
L5 7975 Trgt 1
L6 7932 Trgt 2
Pre-Closing Outlook(28-12-2011)
Whole day negative zone trading after weaker global cues with mixed intraday patterns. Nifty traded most of the time between 4686-4724 with lower levels minor intraday support and higher levels selling also.
Sustaining beyond above mentioned range will decide the fate of previous week begun rally therefore will be watched first of all tomorrow.
Sustaining beyond above mentioned range will decide the fate of previous week begun rally therefore will be watched first of all tomorrow.
Mid-session Outlook-2(28-12-2011)
Almost last 4 hours trading between 4692-4717 and sustaining beyond this range will be decide the fate of previous week begun rally therefore just watch sustaining beyond this range for next move confirmation.
Mid-session Outlook(28-12-2011)
As all the Asian markets were weak therefore Indian markets are trading in Red since opening but minor intraday support also seen between 4692-4717 today.
Pre-open Outlook(28-12-2011)
US markets lost all intraday gains and closed flat as well as all the Asian markets are in Red therefore sentiment is weak and negative opening will be seen in Indian markets. Nifty will firstly trade between 4700-4750 and finally sustaining below 4732 will be more down moves confirmation.
Rally continuation hopes alive despite Red Closing today
Nifty-Micro Analysis of Intra Day Chart For 28-12-2011
Nifty-Intra Day Chart(27-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Trading within Yesterday Trading Range(4758-4787) and both sides break out.
2- Down moves in Falling Channel with both sides break out.
3- Intraday Support at lower level between 4732-4747
4- Whole day trading between 4732-4800
Conclusions from intra day chart analysis
Following 2 consolidation signals;-
1- Down moves in Falling Channel
2- Intraday Support at lower level
Nifty traded most time within last two sessions between 4732-4800 with consolidation signals but today intraday slipping from higher levels and closing little above intraday lower levels also seen today therefore seems that today more than 4 hours down moves are giving correction indication of last 4 sessions upmoves.
For precaution sustaining beyond following levels will be kept in mind;-
1- Firstly Yesterday Trading Range(4758-4787) because Nifty traded and most time hovered around this range in last 2 sessions.
2- Today trading Range (4732-4800) because market reversed from intraday tops and bottoms of this range.
Today down moves and no clear intraday selling pattern but consolidation indications also therefore continuation hopes of previous week begun rally is alive. Although may slip little more but expected that finally on going rally will remin continued in the coming sessions after some more consolidation.
Nifty-Intra Day Chart(27-dec-2011):-
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| Just click on chart for its enlarged view |
1- Trading within Yesterday Trading Range(4758-4787) and both sides break out.
2- Down moves in Falling Channel with both sides break out.
3- Intraday Support at lower level between 4732-4747
4- Whole day trading between 4732-4800
Conclusions from intra day chart analysis
Following 2 consolidation signals;-
1- Down moves in Falling Channel
2- Intraday Support at lower level
Nifty traded most time within last two sessions between 4732-4800 with consolidation signals but today intraday slipping from higher levels and closing little above intraday lower levels also seen today therefore seems that today more than 4 hours down moves are giving correction indication of last 4 sessions upmoves.
For precaution sustaining beyond following levels will be kept in mind;-
1- Firstly Yesterday Trading Range(4758-4787) because Nifty traded and most time hovered around this range in last 2 sessions.
2- Today trading Range (4732-4800) because market reversed from intraday tops and bottoms of this range.
Today down moves and no clear intraday selling pattern but consolidation indications also therefore continuation hopes of previous week begun rally is alive. Although may slip little more but expected that finally on going rally will remin continued in the coming sessions after some more consolidation.
FII & DII trading activity in Capital Market Segment on 27-Dec-2011
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Indian Stock Markets Closing Reports(27-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Red but with marginal loss.
2- Black Candle.
3- Most of the time sideways volatile market within yesterday trading range.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(27-Dec-2011): 17.20
Advances & Declines
BSE ADVANCES : 1188
BSE DECLINES : 1502
NSE ADVANCES : 577
NSE DECLINES : 842
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +452000(+12.34%)
Nifty- 4700 PE(Dec)- -100600(-1.51%)
Nifty- 4800 CE(Dec)- +586900(+8.95%)
Nifty- 4800 PE(Dec)- -195150(-3.80%)
Closing
Nifty- closed at 4,750.50(-28.50 Points & -0.60%)
Sensex- closed at 15,873.95(-96.80 Points & -0.61%)
CNX MIDCAP - closed at 6,188.35(-46.65 Points & -0.75%)
BSE SMALL CAP- closed at 5,650.02(-19.96 Points & -0.35%)
1- All the Indices closed in Red but with marginal loss.
2- Black Candle.
3- Most of the time sideways volatile market within yesterday trading range.
Ratios
Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(27-Dec-2011): 17.20
Advances & Declines
BSE ADVANCES : 1188
BSE DECLINES : 1502
NSE ADVANCES : 577
NSE DECLINES : 842
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +452000(+12.34%)
Nifty- 4700 PE(Dec)- -100600(-1.51%)
Nifty- 4800 CE(Dec)- +586900(+8.95%)
Nifty- 4800 PE(Dec)- -195150(-3.80%)
Closing
Nifty- closed at 4,750.50(-28.50 Points & -0.60%)
Sensex- closed at 15,873.95(-96.80 Points & -0.61%)
CNX MIDCAP - closed at 6,188.35(-46.65 Points & -0.75%)
BSE SMALL CAP- closed at 5,650.02(-19.96 Points & -0.35%)
Nifty Spot-Levels & Trading Strategy for 28-12-2011
Nifty Spot-Levels
R3 4869
R2 4834
R1 4792
Avg 4757
S1 4715
S2 4680
S3 4638
Nifty Spot-Trading Strategy
H6 4827 Trgt 2
H5 4809 Trgt 1
H4 4792 Long breakout
H3 4771 Go Short
H2 4764
H1 4757
L1 4742
L2 4735
L3 4728 Long
L4 4707 Short Breakout
L5 4690 Trgt 1
L6 4672 Trgt 2
R3 4869
R2 4834
R1 4792
Avg 4757
S1 4715
S2 4680
S3 4638
Nifty Spot-Trading Strategy
H6 4827 Trgt 2
H5 4809 Trgt 1
H4 4792 Long breakout
H3 4771 Go Short
H2 4764
H1 4757
L1 4742
L2 4735
L3 4728 Long
L4 4707 Short Breakout
L5 4690 Trgt 1
L6 4672 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 28-12-2011
Nifty(Dec Fut)-Levels
R3 4880
R2 4844
R1 4797
Avg 4761
S1 4714
S2 4678
S3 4631
Nifty(Dec Fut)-Trading Strategy
H6 4833 Trgt 2
H5 4814 Trgt 1
H4 4795 Long breakout
H3 4772 Go Short
H2 4765
H1 4757
L1 4742
L2 4734
L3 4727 Long
L4 4704 Short Breakout
L5 4685 Trgt 1
L6 4666 Trgt 2
R3 4880
R2 4844
R1 4797
Avg 4761
S1 4714
S2 4678
S3 4631
Nifty(Dec Fut)-Trading Strategy
H6 4833 Trgt 2
H5 4814 Trgt 1
H4 4795 Long breakout
H3 4772 Go Short
H2 4765
H1 4757
L1 4742
L2 4734
L3 4727 Long
L4 4704 Short Breakout
L5 4685 Trgt 1
L6 4666 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 28-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8508
R2 8438
R1 8356
Avg 8286
S1 8204
S2 8134
S3 8052
Bank Nifty(Dec Fut)-Trading Strategy
H6 8428 Trgt 2
H5 8393 Trgt 1
H4 8358 Long breakout
H3 8316 Go Short
H2 8302
H1 8288
L1 8261
L2 8247
L3 8233 Long
L4 8191 Short Breakout
L5 8156 Trgt 1
L6 8121 Trgt 2
R3 8508
R2 8438
R1 8356
Avg 8286
S1 8204
S2 8134
S3 8052
Bank Nifty(Dec Fut)-Trading Strategy
H6 8428 Trgt 2
H5 8393 Trgt 1
H4 8358 Long breakout
H3 8316 Go Short
H2 8302
H1 8288
L1 8261
L2 8247
L3 8233 Long
L4 8191 Short Breakout
L5 8156 Trgt 1
L6 8121 Trgt 2
Pre-closing Report(27-12-2011)
More than 9 hours sideways market between 29 points range(4758-4787) with both side break out but down side break out was with good force therefore down moves possibilities have been increased. As volatile markets therefore finally sustaining beyond 5758 will give confimation and will be watched tomorrow.
Mid-session Outlook-2(27-12-2011)
No guessing and nothing adding from our side and whatsoever market tells us,we update only all that in our Outlooks.
As market was not prepared for any side decisive move and was preparing for decisive moves therefore we gave only 29 points trading range(4758-4787) as well as told for confirmations through sustaining beyond mentioned range and same view was repeated also after moving above 4787.
Nifty traded most of the time within mentioned range(4758-4787) and taking positions for next moves within this range as well as finally sustaining beyond will be next trend confirmations.
As market was not prepared for any side decisive move and was preparing for decisive moves therefore we gave only 29 points trading range(4758-4787) as well as told for confirmations through sustaining beyond mentioned range and same view was repeated also after moving above 4787.
Nifty traded most of the time within mentioned range(4758-4787) and taking positions for next moves within this range as well as finally sustaining beyond will be next trend confirmations.
Mid-session Outlook(27-12-2011)
Following line was told yesterday in Firstly Watch Sustaining beyond Mentioned Range for Confirmations:-
As minor consolidation patterns signals also seen within 29 points range today therefore upward break out is expected also.
Upward break out seen on expected lines and Nifty tested 4800 today.
Firstly sustaining above 4787 and then yesterday told followng lines should be kept in mind for next decisive up moves confirmations:-
4 Sessions Pull Back Rally and that will gain strength after sustaining above minimum 1st resistance(4780-4838) and then Short term trend will be up.
As minor consolidation patterns signals also seen within 29 points range today therefore upward break out is expected also.
Upward break out seen on expected lines and Nifty tested 4800 today.
Firstly sustaining above 4787 and then yesterday told followng lines should be kept in mind for next decisive up moves confirmations:-
4 Sessions Pull Back Rally and that will gain strength after sustaining above minimum 1st resistance(4780-4838) and then Short term trend will be up.
Post-open Outlook(27-12-2011)
As Indian markets were not prepared for any decisive moves therefore following line was told yesterday in Firstly Watch Sustaining beyond Mentioned Range for Confirmations:-
Sustaining beyond mentioned range(4758-4787) will be firstly watched tomorrow for next immediate moves confirmations.
Nifty is trading within this small 29 points range since opening today and view is same which was updated yesterday.
Sustaining beyond mentioned range(4758-4787) will be firstly watched tomorrow for next immediate moves confirmations.
Nifty is trading within this small 29 points range since opening today and view is same which was updated yesterday.
Firstly Watch Sustaining beyond Mentioned Range for Confirmations
Nifty-Micro Analysis of Intra Day Chart For 27-12-2011
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| Just click on chart for its enlarged view |
1- Firstly 60 points up in 1st hour.
2- Last 5 hours trading with mixed intraday patterns between 4758-4787
3- Whole day trading between 4727-4787
Conclusions from intra day chart analysis
Firstly 60 points up in 1st hour and then last more than 5 hours trading with mixed intraday patterns between 4758-4787 therefore no clear confirmation from intraday charts formations today. Break out and sustaining beyond today last 5 hours range will be next immediate move confirmation and first of all that will be watched tomorrow.
4 Sessions Pull Back Rally and that will gain strength after sustaining above minimum 1st resistance(4780-4838) and then Short term trend will be up.
As last Thursday minor intraday correction was concluded and last Friday rally continuation got confirmation and that was clearly projected same day but no such conclusion today therefore no guessing and nothing adding from our side and follwoing conclusions are being given:-
Mixed intraday patterns in last 5 hours therefore finally confirmation will be sustaining beyond 4758-4787. As minor consolidation patterns signals also seen within 29 points range today therefore upward break out is expected also.
Sustaining beyond mentioned range(4758-4787) will be firstly watched tomorrow for next immediate moves confirmations.
FII & DII trading activity in Capital Market Segment on 26-Dec-2011
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Indian Stock Markets Closing Reports(26-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Green.
2- Long White Candle.
3- More than 5 ohurs sideways trading and its break out will give strong moves.
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(26-Dec-2011): 17.31
Advances & Declines
BSE ADVANCES : 1726
BSE DECLINES : 996
NSE ADVANCES : 958
NSE DECLINES : 470
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- -605500(-13.80%)
Nifty- 4700 PE(Dec)- +1512250(+28.26%)
Nifty- 4800 CE(Dec)- +923750(+15.41%)
Nifty- 4800 PE(Dec)- +1632800(+45.31%)
Closing
Nifty- closed at 4,779(+65 Points & +1.38%)
Sensex- closed at 15,970.75(+232.05 Points & +1.47% )
CNX MIDCAP - closed at 6,235(+47.35 Points & +0.77%)
BSE SMALL CAP- closed at 5,674.83(+59.93 Points & +1.07%)
1- All the Indices closed in Green.
2- Long White Candle.
3- More than 5 ohurs sideways trading and its break out will give strong moves.
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(26-Dec-2011): 17.31
Advances & Declines
BSE ADVANCES : 1726
BSE DECLINES : 996
NSE ADVANCES : 958
NSE DECLINES : 470
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- -605500(-13.80%)
Nifty- 4700 PE(Dec)- +1512250(+28.26%)
Nifty- 4800 CE(Dec)- +923750(+15.41%)
Nifty- 4800 PE(Dec)- +1632800(+45.31%)
Closing
Nifty- closed at 4,779(+65 Points & +1.38%)
Sensex- closed at 15,970.75(+232.05 Points & +1.47% )
CNX MIDCAP - closed at 6,235(+47.35 Points & +0.77%)
BSE SMALL CAP- closed at 5,674.83(+59.93 Points & +1.07%)
Nifty Spot-Levels & Trading Strategy for 27-12-2011
Nifty Spot-Levels
R3 4873
R2 4830
R1 4804
Avg 4761
S1 4735
S2 4692
S3 4666
Nifty Spot-Trading Strategy
H6 4848 Trgt 2
H5 4832 Trgt 1
H4 4816 Long breakout
H3 4797 Go Short
H2 4791
H1 4785
L1 4772
L2 4766
L3 4760 Long
L4 4741 Short Breakout
L5 4725 Trgt 1
L6 4709 Trgt 2
R3 4873
R2 4830
R1 4804
Avg 4761
S1 4735
S2 4692
S3 4666
Nifty Spot-Trading Strategy
H6 4848 Trgt 2
H5 4832 Trgt 1
H4 4816 Long breakout
H3 4797 Go Short
H2 4791
H1 4785
L1 4772
L2 4766
L3 4760 Long
L4 4741 Short Breakout
L5 4725 Trgt 1
L6 4709 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 27-12-2011
Nifty(Dec Fut)-Levels
R3 4903
R2 4853
R1 4820
Avg 4770
S1 4737
S2 4687
S3 4654
Nifty(Dec Fut)-Trading Strategy
H6 4871 Trgt 2
H5 4851 Trgt 1
H4 4832 Long breakout
H3 4809 Go Short
H2 4802
H1 4794
L1 4779
L2 4771
L3 4764 Long
L4 4741 Short Breakout
L5 4722 Trgt 1
L6 4702 Trgt 2
R3 4903
R2 4853
R1 4820
Avg 4770
S1 4737
S2 4687
S3 4654
Nifty(Dec Fut)-Trading Strategy
H6 4871 Trgt 2
H5 4851 Trgt 1
H4 4832 Long breakout
H3 4809 Go Short
H2 4802
H1 4794
L1 4779
L2 4771
L3 4764 Long
L4 4741 Short Breakout
L5 4722 Trgt 1
L6 4702 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 27-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8606
R2 8520
R1 8452
Avg 8366
S1 8298
S2 8212
S3 8144
Bank Nifty(Dec Fut)-Trading Strategy
H6 8540 Trgt 2
H5 8505 Trgt 1
H4 8469 Long breakout
H3 8427 Go Short
H2 8413
H1 8399
L1 8370
L2 8356
L3 8342 Long
L4 8300 Short Breakout
L5 8264 Trgt 1
L6 8229 Trgt 2
R3 8606
R2 8520
R1 8452
Avg 8366
S1 8298
S2 8212
S3 8144
Bank Nifty(Dec Fut)-Trading Strategy
H6 8540 Trgt 2
H5 8505 Trgt 1
H4 8469 Long breakout
H3 8427 Go Short
H2 8413
H1 8399
L1 8370
L2 8356
L3 8342 Long
L4 8300 Short Breakout
L5 8264 Trgt 1
L6 8229 Trgt 2
Pre-Closing Outlook(26-12-2011)
As last more than 5 hours trading with mixed intraday patterns between 4758-4787 therefore break out and sustaining beyond this range will be next immediate move confirmation and first of all will be watched because intraday patterns within this 29 points range have not shown clear indications yet.
As consolidation patterns minor signals therefore upward break out is expected and mentioned range(4758-4787) break out will be next moves confirmations.
As consolidation patterns minor signals therefore upward break out is expected and mentioned range(4758-4787) break out will be next moves confirmations.
Mid-session Outlook(26-12-2011)
Next resistance is between 4780-4838 and Nifty is trading just below this range for the last 4 hours between 4758-4778,break out and sustaining beyond this range will be next immediate move confirmation therefore first of all will be watched because intraday patterns within this 20 points range have not shown clear indications yet.
Although upward break out is expected but confirmation is must through break out.
Although upward break out is expected but confirmation is must through break out.
Rally continued after minor correction completion
Post-open Outlook(26-12-2011)
Nifty is more than 1% up within 1st hour today and for such move following line was told in Pull Back Rally Continuation after Today Consolidations on 23-12-2011
whole day intraday pattern is suggesting consolidation formation today therefore no threat to previous week started rally and its continuation will be seen
Expected that Rally will continue after completion of minor correction last Friday and that correction was also told one day before on 22-12-2011 in following topic:-
Continuation of Rally after Consolidation and Minor Intraday Correction
Nifty is more than 1% up within 1st hour today and for such move following line was told in Pull Back Rally Continuation after Today Consolidations on 23-12-2011
whole day intraday pattern is suggesting consolidation formation today therefore no threat to previous week started rally and its continuation will be seen
Expected that Rally will continue after completion of minor correction last Friday and that correction was also told one day before on 22-12-2011 in following topic:-
Continuation of Rally after Consolidation and Minor Intraday Correction
9 Laxman Rekha(Crucial Levels) for Bullish Indian Markets
Weekly Outlook(Dec 26 to Dec 30,2011)
Nifty-EOD Chart(23-Dec-2011):-
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| Just click on chart for its enlarged view |
1st impulsive wave begun on 27-10-2008 from 2252
2nd corrective wave begun on 12-06-2009 from 4693
3rd impulsive wave begun on 13-07-2009 from 3919
4th corrective wave begun on 05-11-2010 from 6338(2419 Points rally of Wave-3)
Conclusions from EOD chart analysis
Above whole waves structure was completely at stake when Nifty slipped below 4693 but its survival signal after Nifty 2 days closing above 4693. If Nifty sustains above 4693 then it will be confirmation of last 3 years Waves structure survival and next moves of Indian markets will be understood accordingly.
All trends are down and will be up after sustaining above following levels:-
1- Short term trend will be up above 4840
2- Intermediate term trend will be up above 5099
3- Long term trend will be up above 5205(200 Day EMA level today)
Next immediate supports are as follows:-
1- 4635-4663
2- 4602-4624
2- 4560-4590
Next immediate Resistances are as follows:-
1- 4780-4838
2- 4928-4980
3- 5080-5098
Nifty-EOD Chart(23-Dec-2011):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in EOD charts
1- 13 Months Falling Trend Line correction of Wave 4.
2- Side ways market between 4720-5229 in 91 Sessions.
3- Trend Reversal Broadening Pattern at the bottom of correction.
Conclusions from EOD chart analysis
As trend reversal Broadening Pattern formation in 91 sessions therefore it will certainly have power to reverse 13 months correction after breaking out above rising higher trend line.
Conclusions (After Putting All Studies Together)
Up moves have just begun 3 sessions before and sustaining above following levels are also required one by one for confirmation of a decisive rally as well as Wave 5 commencement:-
1- Sustaining above 4693(Top of Wave 1)
2- Sustaining above falling lower trend line of Broadening Pattern.
3- Sustaining above 4720(Lower level of 91 sessions side ways market)
4- Sustaining above 4840 for Short term trend turning up.
5- Sustaining above 5099 for Intermediate term trend turning up.
6- Sustaining above 200 Day EMA for Long term trend turning up.
7- Sustaining above Falling Trend line from the top of Wave 3 which has given resistances 6 times in last 13 months.
8- Sustaining above 5229(Higher level of 91 sessions side ways market)
9- Sustaining above rising higher trend line of Broadening Pattern.
Although many resistances are upto 6338 but sustaining above mentioned 9 Laxman Rekhas(Levels) will be confirmation of big strength and then blasting Bullish market will be expected above 9th level..
13(Fibonacci number) Months Correction of Wave 3
Wave 3 finished and 4th corrective wave begun on 05-11-2010 and it has completed 13 months. As 13 is a Fibonacci number therefore correction completion as well as trend reversal possibility in 13th corrective month will be possible. As 91 Sessions old trend reversal Broadening Pattern formation also at the bottom of 13 months correction therefore following Bullish possibilities are very much alive;-
1- Impulsive Wave 5 beginning after completion of Wave 4 and strong rally
2- Formtions of new all time highs in the coming year/years
Weekly Outlook(Dec 26 to Dec 30,2011)
More consolidation are required in the beginning of next week but good consolidations and base formation in previous week therefore previous begun Rally will remain continued and Nifty will counter above mentioned Resistance range and finally positive next week will be seen.
Pull Back Rally Continuation after Today Consolidations
Nifty-Micro Analysis of Intra Day Chart For 26-12-2011
Nifty-Intra Day Chart(23-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Five Falling Channels
2- Upside break out in last biggest Falling Channel of the day.
3- Whole day intraday consolidation pattern formation despite negtive closing today.
4- Whole day trading between 4694-4763
Conclusions from intra day chart analysis
Pull Back rally is on and today negative closing as well as intraday correction was very much expected therefore following lines were told yesterday in Continuation of Rally after Consolidation and Minor Intraday Correction
"minor intraday correction is firstly required and tomorrow may be consolidation day but expected that Pull Back Rally will remain continued in the next week"
Although more consolidation may be seen in the beginning of next week but whole day intraday pattern is suggesting consolidation formation today therefore no threat to previous week started rally and its continuation will be seen after completion of minor correction today.
More topics will also be updated before the opening of next Monday market for confirmation of above given conclusion and more guidance.
Nifty-Intra Day Chart(23-dec-2011):-
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| Just click on chart for its enlarged view |
1- Five Falling Channels
2- Upside break out in last biggest Falling Channel of the day.
3- Whole day intraday consolidation pattern formation despite negtive closing today.
4- Whole day trading between 4694-4763
Conclusions from intra day chart analysis
Pull Back rally is on and today negative closing as well as intraday correction was very much expected therefore following lines were told yesterday in Continuation of Rally after Consolidation and Minor Intraday Correction
"minor intraday correction is firstly required and tomorrow may be consolidation day but expected that Pull Back Rally will remain continued in the next week"
Although more consolidation may be seen in the beginning of next week but whole day intraday pattern is suggesting consolidation formation today therefore no threat to previous week started rally and its continuation will be seen after completion of minor correction today.
More topics will also be updated before the opening of next Monday market for confirmation of above given conclusion and more guidance.
Indian Stock Markets Closing Reports(23-Dec-2011)
Main features of today trading are as follows
1- Red closing.
2- Black Candle.
3- Intraday condolidation patterns therefore up moves are expected in the next week despite negative closing today.
Ratios
Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(23-Dec-2011): 17.07
Advances & Declines
BSE ADVANCES : 1557
BSE DECLINES : 1211
NSE ADVANCES : 792
NSE DECLINES : 619
Nifty Open Interest Changed Today
Nifty- 4600 CE(Dec)- -243300(-8.20%)
Nifty- 4600 PE(Dec)- +659250(+10.32%)
Nifty- 4700 CE(Dec)- 81050(+1.81%)
Nifty- 4700 PE(Dec)- +1200550(+24.12%)
Nifty- 4800 CE(Dec)- +1361100(+25.13%)
Nifty- 4800 PE(Dec)- -87050(-2.21%)
Closing
Nifty- closed at 4,714.00(-19.85 Points & -0.42%)
Sensex- closed at 15,738.70(-74.66 Points & -0.47% )
CNX MIDCAP - closed at 6,187.65(-21.10 Points & -0.34%)
BSE SMALL CAP- closed at 5,614.90(+59.40 Points & +1.07%)
1- Red closing.
2- Black Candle.
3- Intraday condolidation patterns therefore up moves are expected in the next week despite negative closing today.
Ratios
Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(23-Dec-2011): 17.07
Advances & Declines
BSE ADVANCES : 1557
BSE DECLINES : 1211
NSE ADVANCES : 792
NSE DECLINES : 619
Nifty Open Interest Changed Today
Nifty- 4600 CE(Dec)- -243300(-8.20%)
Nifty- 4600 PE(Dec)- +659250(+10.32%)
Nifty- 4700 CE(Dec)- 81050(+1.81%)
Nifty- 4700 PE(Dec)- +1200550(+24.12%)
Nifty- 4800 CE(Dec)- +1361100(+25.13%)
Nifty- 4800 PE(Dec)- -87050(-2.21%)
Closing
Nifty- closed at 4,714.00(-19.85 Points & -0.42%)
Sensex- closed at 15,738.70(-74.66 Points & -0.47% )
CNX MIDCAP - closed at 6,187.65(-21.10 Points & -0.34%)
BSE SMALL CAP- closed at 5,614.90(+59.40 Points & +1.07%)
FII & DII trading activity in Capital Market Segment on 23-Dec-2011
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Nifty Spot-Levels & Trading Strategy for 26-12-2011
Nifty Spot-Levels
R3 4823
R2 4793
R1 4753
Avg 4723
S1 4683
S2 4653
S3 4613
Nifty Spot-Trading Strategy
H6 4784 Trgt 2
H5 4768 Trgt 1
H4 4752 Long breakout
H3 4733 Go Short
H2 4726
H1 4720
L1 4707
L2 4701
L3 4694 Long
L4 4675 Short Breakout
L5 4659 Trgt 1
L6 4643 Trgt 2
R3 4823
R2 4793
R1 4753
Avg 4723
S1 4683
S2 4653
S3 4613
Nifty Spot-Trading Strategy
H6 4784 Trgt 2
H5 4768 Trgt 1
H4 4752 Long breakout
H3 4733 Go Short
H2 4726
H1 4720
L1 4707
L2 4701
L3 4694 Long
L4 4675 Short Breakout
L5 4659 Trgt 1
L6 4643 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 26-12-2011
Nifty(Dec Fut)-Levels
R3 4847
R2 4812
R1 4766
Avg 4731
S1 4685
S2 4650
S3 4604
Nifty(Dec Fut)-Trading Strategy
H6 4801 Trgt 2
H5 4782 Trgt 1
H4 4764 Long breakout
H3 4742 Go Short
H2 4734
H1 4727
L1 4712
L2 4705
L3 4697 Long
L4 4675 Short Breakout
L5 4657 Trgt 1
L6 4638 Trgt 2
R3 4847
R2 4812
R1 4766
Avg 4731
S1 4685
S2 4650
S3 4604
Nifty(Dec Fut)-Trading Strategy
H6 4801 Trgt 2
H5 4782 Trgt 1
H4 4764 Long breakout
H3 4742 Go Short
H2 4734
H1 4727
L1 4712
L2 4705
L3 4697 Long
L4 4675 Short Breakout
L5 4657 Trgt 1
L6 4638 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 26-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8652
R2 8558
R1 8425
Avg 8331
S1 8198
S2 8104
S3 7971
Bank Nifty(Dec Fut)-Trading Strategy
H6 8520 Trgt 2
H5 8468 Trgt 1
H4 8416 Long breakout
H3 8354 Go Short
H2 8333
H1 8312
L1 8271
L2 8250
L3 8229 Long
L4 8167 Short Breakout
L5 8115 Trgt 1
L6 8063 Trgt 2
R3 8652
R2 8558
R1 8425
Avg 8331
S1 8198
S2 8104
S3 7971
Bank Nifty(Dec Fut)-Trading Strategy
H6 8520 Trgt 2
H5 8468 Trgt 1
H4 8416 Long breakout
H3 8354 Go Short
H2 8333
H1 8312
L1 8271
L2 8250
L3 8229 Long
L4 8167 Short Breakout
L5 8115 Trgt 1
L6 8063 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Dec 26 to Dec 30,2011)
Nifty Spot-Weekly Levels
R3 5039
R2 4901
R1 4807
Avg 4669
S1 4575
S2 4437
S3 4343
Nifty Spot-Weekly Trading Strategy
H6 4955 Trgt 2
H5 4898 Trgt 1
H4 4841 Long breakout
H3 4777 Go Short
H2 4756
H1 4735
L1 4692
L2 4671
L3 4650 Long
L4 4586 Short Breakout
L5 4529 Trgt 1
L6 4472 Trgt 2
R3 5039
R2 4901
R1 4807
Avg 4669
S1 4575
S2 4437
S3 4343
Nifty Spot-Weekly Trading Strategy
H6 4955 Trgt 2
H5 4898 Trgt 1
H4 4841 Long breakout
H3 4777 Go Short
H2 4756
H1 4735
L1 4692
L2 4671
L3 4650 Long
L4 4586 Short Breakout
L5 4529 Trgt 1
L6 4472 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Dec 26 to Dec 30,2011)
Bank Nifty Spot-Weekly Levels
R3 9261
R2 8856
R1 8576
Avg 8171
S1 7891
S2 7486
S3 7206
Bank Nifty Spot-Weekly Trading Strategy
H6 9023 Trgt 2
H5 8846 Trgt 1
H4 8668 Long breakout
H3 8480 Go Short
H2 8417
H1 8354
L1 8229
L2 8166
L3 8103 Long
L4 7915 Short Breakout
L5 7737 Trgt 1
L6 7560 Trgt 2
R3 9261
R2 8856
R1 8576
Avg 8171
S1 7891
S2 7486
S3 7206
Bank Nifty Spot-Weekly Trading Strategy
H6 9023 Trgt 2
H5 8846 Trgt 1
H4 8668 Long breakout
H3 8480 Go Short
H2 8417
H1 8354
L1 8229
L2 8166
L3 8103 Long
L4 7915 Short Breakout
L5 7737 Trgt 1
L6 7560 Trgt 2
Pre-Closing Outlook(23-12-2011)
Following line was told yesterday in Continuation of Rally after Consolidation and Minor Intraday Correction:-
As Bearish pattern in last half hour therefore more consolidation and minor intraday correction is firstly required and tomorrow may be consolidation day
As was told yesterday all that proved 100% accurate today and Indidan markets lost all intraday gains as well as trading more than half pct down. Although market slipped from higher levels but intraday patterns are not showing pure selling patterns and consolidation indications also seen therefore same following line is being repeated which was told in above mentioned topic:-
Pull Back Rally will remain continued in the next week
Mid-session Outlook(23-12-2011)
Dow's Futures is more than 50 points up and most of the Asian markets were also 1% to 2% up therefore Indian markets opened gap up but slipped into Red immediately after opening today and trading with minor gains despite strong Global cues. As this intraday move was expected therefore it was told also in following topic yesterday:-
Continuation of Rally after Consolidation and Minor Intraday Correction
Minor intraday correction has already been seen immediately after opening today. As no clear patterns developed yet therefore today trading range forceful break out and sustaining beyond will be next very short term moves confirmation.
Continuation of Rally after Consolidation and Minor Intraday Correction
Minor intraday correction has already been seen immediately after opening today. As no clear patterns developed yet therefore today trading range forceful break out and sustaining beyond will be next very short term moves confirmation.
Continuation of Rally after Consolidation and Minor Intraday Correction
Nifty-Micro Analysis of Intra Day Chart For 23-12-2011
Nifty-Intra Day Chart(22-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 4635-4663
2- Rising Channel rally
3-Channel broken down in last 10 minutes minor Rising Wedge(Bearish Pattern) formation in last half hour.
4- Whole day trading between 4632-4740
Conclusions from intra day chart analysis
As Bearish pattern in last half hour therefore more consolidation and minor intraday correction is firstly required and tomorrow may be consolidation day but expected that Pull Back Rally will remain continued in the next week.
Nifty-Intra Day Chart(22-dec-2011):-
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| Just click on chart for its enlarged view |
1- Consolidation between 4635-4663
2- Rising Channel rally
3-Channel broken down in last 10 minutes minor Rising Wedge(Bearish Pattern) formation in last half hour.
4- Whole day trading between 4632-4740
Conclusions from intra day chart analysis
As Bearish pattern in last half hour therefore more consolidation and minor intraday correction is firstly required and tomorrow may be consolidation day but expected that Pull Back Rally will remain continued in the next week.
Two Most Crucial Patterns Revival in last 2 Days
Technical Analysis and Research For 23-12-2011
Nifty-EOD Chart(22-Dec-2011):-
Technical Patterns and Formations in EOD charts
1- Nifty entered into 90 sessions trading range(4720-5229) and its existance again revived today
2- Yesterday revival of 90 Sessions trend reversal Broadening Pattern at the bottom of 13 months correction.
Conclusions
When above mentioned two patterns broken down then its confirmation requirement was told in following topic:-
Sustaining beyond 4640 will decide the fate of Bulls and Bears(Weekly Outlook(Dec 19 to Dec 23,2011))
Both patterns revived in two previous sessions and survival confirmation is left through crossing and sustaining above minimum one next resistances between 4780-4838. Last 2 sessions bounce back only and its possibility with 3 expected targets(2 have been achieved) were updated in following topic on 17-12-2011:-
Bounce back Possible Next Monday
Expected that yesterday started rally will remain continued in the coming week after more consolidations and crossing of above mentioned next resistance.
Nifty-EOD Chart(22-Dec-2011):-
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| Just click on chart for its enlarged view |
1- Nifty entered into 90 sessions trading range(4720-5229) and its existance again revived today
2- Yesterday revival of 90 Sessions trend reversal Broadening Pattern at the bottom of 13 months correction.
Conclusions
When above mentioned two patterns broken down then its confirmation requirement was told in following topic:-
Sustaining beyond 4640 will decide the fate of Bulls and Bears(Weekly Outlook(Dec 19 to Dec 23,2011))
Both patterns revived in two previous sessions and survival confirmation is left through crossing and sustaining above minimum one next resistances between 4780-4838. Last 2 sessions bounce back only and its possibility with 3 expected targets(2 have been achieved) were updated in following topic on 17-12-2011:-
Bounce back Possible Next Monday
Expected that yesterday started rally will remain continued in the coming week after more consolidations and crossing of above mentioned next resistance.
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%)
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 & DII trading activity in Capital Market Segment on 22-Dec-2011
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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
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
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
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"
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.
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.
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