Final conclusions from all the Monthly,Weekly daily and intraday Charts will be posted before the opening of next Monday market
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Nifty-20 days Intra Days Chart Micro Analysis(Nov 14 to Dec 02,2011)
Nifty-Intra Day Chart(Nov 14 to Dec 02,2011):-
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1- Support and base formation at lower levels
2- 7 Days Rally
3- Sharp surge last Friday.
4- All intraday Oscillators in overbought zone.
Conclusions from 20 Days intra day chart analysis
Strong rally seen in last week after lower levels base formations therefore very short term intraday indicators have reached into overbought zone and firstly cooling down is expected through minor correction which may be little deeper. This fact should also be kept in mind that many times bullish market corrects in range bound mode.
Rally is on after Trend Reversal Broadening Pattern Support
Nifty-EOD Chart(02-Dec-2011):-
Technical Patterns and Formations in EOD charts
1- 68 Sessions range bound trading between 4720-5229
2- Range broken 2 times,once Broken out and once broken down.
3- Trend reversal Broadening Pattern formation in last 4 months.
4- Gap support in previous week
Conclusions
Nifty traded between 4720-5229 in previous 68 sessions,broken out and broken down 2 times but each time reversed into this range . Almost 13 Months correction and finally previous 4 months range bound markets. As trend reversal Broadening Pattern formations at the bottom of correction also therefore expected that finally 13 months down trend will reverse after completion of correction and strong rally will start to cross the top of correction(6338).
Rally started in previous week and and intermediate term trend is up. As rally started after the formation of trend reversal Broadening Pattern therefore expected that strong up moves will be seen in the coming sessions and sustaining above following 2 levels will be confirmation of long term trend turning upward as well as blasting rally in Indian stock markets:-
1- 5229(Top of 68 sessions range bound market)
2- 5400( Top of Broadening Pattern)
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1- 68 Sessions range bound trading between 4720-5229
2- Range broken 2 times,once Broken out and once broken down.
3- Trend reversal Broadening Pattern formation in last 4 months.
4- Gap support in previous week
Conclusions
Nifty traded between 4720-5229 in previous 68 sessions,broken out and broken down 2 times but each time reversed into this range . Almost 13 Months correction and finally previous 4 months range bound markets. As trend reversal Broadening Pattern formations at the bottom of correction also therefore expected that finally 13 months down trend will reverse after completion of correction and strong rally will start to cross the top of correction(6338).
Rally started in previous week and and intermediate term trend is up. As rally started after the formation of trend reversal Broadening Pattern therefore expected that strong up moves will be seen in the coming sessions and sustaining above following 2 levels will be confirmation of long term trend turning upward as well as blasting rally in Indian stock markets:-
1- 5229(Top of 68 sessions range bound market)
2- 5400( Top of Broadening Pattern)
Positive MACD and Continuation of impulsive Wave-5
Nifty-Weekly Chart(02-Dec-2011):-
Technical Patterns and Formations in Weekly charts
1- Falling Channel Wave-4 correction.
2- Wave-4 corrective structure without any trend reversal pattern.
3- Pull Back Rally commencement in previous week.
4- MACD line upward intersection of Average line.
Conclusions
MACD line upward intersection of Average line also seen in weekly chart and it is strong indication of long term up trend formation. Corrective Wave 4 started on 05-11-2010 from 6338 and its latest lowest formed at 4640 on 24-11-2011. No long term trend reversal pattern seen in this corrective move. As Wave-4 structure is corrective Falling channel pattern therefore it is showing possibility of impulsive Wave-5 formation after completion of corrective Wave-4.
Previous week begun forceful up moves may finally prove impulsive Wave-5 after correction completion of Wave-4 and such confirmation will mean strong Wave-5 rally towards and above top of Wave-4(6338).
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1- Falling Channel Wave-4 correction.
2- Wave-4 corrective structure without any trend reversal pattern.
3- Pull Back Rally commencement in previous week.
4- MACD line upward intersection of Average line.
Conclusions
MACD line upward intersection of Average line also seen in weekly chart and it is strong indication of long term up trend formation. Corrective Wave 4 started on 05-11-2010 from 6338 and its latest lowest formed at 4640 on 24-11-2011. No long term trend reversal pattern seen in this corrective move. As Wave-4 structure is corrective Falling channel pattern therefore it is showing possibility of impulsive Wave-5 formation after completion of corrective Wave-4.
Previous week begun forceful up moves may finally prove impulsive Wave-5 after correction completion of Wave-4 and such confirmation will mean strong Wave-5 rally towards and above top of Wave-4(6338).
New Historical Highs in 2012
Nifty-Monthly Chart(02-Dec-2011):-
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1- 13 Months correction of Wave-4
2- Completion of 5 corrective Sub-Waves.
3- Up moves begun in Nov 2011.
4- Strong indications of Wave-5 beginning
Conclusions
Financial markets have a high probability tendency of reversing on a Fibonacci number. As 13 is a Fibonacci number and Wave-4 has completed 13 months correction in Nov 2011 therefore long term correction completion and 13 months old trend reversal possibility is high.
As Pull Back rally begun in Nov 2011,other indicators are also suggesting exhaustion of down moves and Intermedaite term trend has also turned up yesterday as well as 5 Sub-Waves have also completed therefore lower levels formed in Nov 2011 may also prove the lowest of on going corrective Wave-4 rally.
Indian markets are Bullish on long charts and impulsive Wave-5 commencement confirmation is required and if Nov 2011 begun rally finally gives such confirmations then that will mean;-
1- Fast rally toward all time high
2- New all time highs in 2012
3- Those higher levels which were considered in Jan 2008 and Jan 2011.
Although tough to accept above mentioned possibilities at this moment amid most bearish and uncertain global sentiments but we are seeing high possibility of new historical highs in 2012 because Indian markets are reversing after completion of long term correction also.
FII & DII trading activity in Capital Market Segment on 02-Dec-2011
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Indian Stock Markets Closing Reports(02-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Green at top of the day.
2- Long White Candle.
3- Srtong rally today.
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(02-Dec-2011): 18.28
Advances & Declines
BSE ADVANCES : 1763
BSE DECLINES : 1036
NSE ADVANCES : 1002
NSE DECLINES : 403
Nifty Open Interest Changed Today
Nifty- 4900 CE(Dec)- -93850(-2.50%)
Nifty- 4900 PE(Dec)- +1445650(+40.99%)
Nifty- 5600 CE(Dec)- -569350(-9.55%)
Nifty- 5600 PE(Dec)- +1426950(+1426950%)
Nifty- 5100 CE(Dec)- -710800(-11.48%)
Nifty- 5100 PE(Dec)- +1608500(+66.05%)
Closing
Nifty- closed at 5,050.15(+113.30 Points & +2.29%)
Sensex- closed at 16,846.83(+363.38 Points & +2.20%)
CNX MIDCAP - closed at 6,819.35(+112.30 Points & +1.67%)
BSE SMALL CAP- closed at 6,190.03(+66.32 Points & +1.08%)
1- All the Indices closed in Green at top of the day.
2- Long White Candle.
3- Srtong rally today.
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(02-Dec-2011): 18.28
Advances & Declines
BSE ADVANCES : 1763
BSE DECLINES : 1036
NSE ADVANCES : 1002
NSE DECLINES : 403
Nifty Open Interest Changed Today
Nifty- 4900 CE(Dec)- -93850(-2.50%)
Nifty- 4900 PE(Dec)- +1445650(+40.99%)
Nifty- 5600 CE(Dec)- -569350(-9.55%)
Nifty- 5600 PE(Dec)- +1426950(+1426950%)
Nifty- 5100 CE(Dec)- -710800(-11.48%)
Nifty- 5100 PE(Dec)- +1608500(+66.05%)
Closing
Nifty- closed at 5,050.15(+113.30 Points & +2.29%)
Sensex- closed at 16,846.83(+363.38 Points & +2.20%)
CNX MIDCAP - closed at 6,819.35(+112.30 Points & +1.67%)
BSE SMALL CAP- closed at 6,190.03(+66.32 Points & +1.08%)
Nifty Spot-Levels & Trading Strategy for 05-12-2011
Nifty Spot-Levels
R3 5246
R2 5154
R1 5102
Avg 5010
S1 4958
S2 4866
S3 4814
Nifty Spot-Trading Strategy
H6 5197 Trgt 2
H5 5163 Trgt 1
H4 5129 Long breakout
H3 5089 Go Short
H2 5076
H1 5063
L1 5036
L2 5023
L3 5010 Long
L4 4970 Short Breakout
L5 4936 Trgt 1
L6 4902 Trgt 2
R3 5246
R2 5154
R1 5102
Avg 5010
S1 4958
S2 4866
S3 4814
Nifty Spot-Trading Strategy
H6 5197 Trgt 2
H5 5163 Trgt 1
H4 5129 Long breakout
H3 5089 Go Short
H2 5076
H1 5063
L1 5036
L2 5023
L3 5010 Long
L4 4970 Short Breakout
L5 4936 Trgt 1
L6 4902 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 05-12-2011
Nifty(Dec Fut)-Levels
R3 5291
R2 5192
R1 5136
Avg 5037
S1 4981
S2 4882
S3 4826
Nifty(Dec Fut)-Trading Strategy
H6 5239 Trgt 2
H5 5202 Trgt 1
H4 5165 Long breakout
H3 5122 Go Short
H2 5108
H1 5094
L1 5065
L2 5051
L3 5037 Long
L4 4994 Short Breakout
L5 4957 Trgt 1
L6 4920 Trgt 2
R3 5291
R2 5192
R1 5136
Avg 5037
S1 4981
S2 4882
S3 4826
Nifty(Dec Fut)-Trading Strategy
H6 5239 Trgt 2
H5 5202 Trgt 1
H4 5165 Long breakout
H3 5122 Go Short
H2 5108
H1 5094
L1 5065
L2 5051
L3 5037 Long
L4 4994 Short Breakout
L5 4957 Trgt 1
L6 4920 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 05-12-2011
Bank Nifty(Dec Fut)-Levels
R3 9688
R2 9460
R1 9333
Avg 9105
S1 8978
S2 8750
S3 8623
Bank Nifty(Dec Fut)-Trading Strategy
H6 9575 Trgt 2
H5 9488 Trgt 1
H4 9402 Long breakout
H3 9304 Go Short
H2 9272
H1 9239
L1 9174
L2 9141
L3 9109 Long
L4 9011 Short Breakout
L5 8925 Trgt 1
L6 8838 Trgt 2
R3 9688
R2 9460
R1 9333
Avg 9105
S1 8978
S2 8750
S3 8623
Bank Nifty(Dec Fut)-Trading Strategy
H6 9575 Trgt 2
H5 9488 Trgt 1
H4 9402 Long breakout
H3 9304 Go Short
H2 9272
H1 9239
L1 9174
L2 9141
L3 9109 Long
L4 9011 Short Breakout
L5 8925 Trgt 1
L6 8838 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Dec 05 to Dec 09,2011)
Nifty Spot-Weekly Levels
R3 5463
R2 5262
R1 5156
Avg 4955
S1 4849
S2 4648
S3 4542
Nifty Spot-Weekly Trading Strategy
H6 5376 Trgt 2
H5 5297 Trgt 1
H4 5218 Long breakout
H3 5134 Go Short
H2 5106
H1 5078
L1 5021
L2 4993
L3 4965 Long
L4 4881 Short Breakout
L5 4802 Trgt 1
L6 4723 Trgt 2
R3 5463
R2 5262
R1 5156
Avg 4955
S1 4849
S2 4648
S3 4542
Nifty Spot-Weekly Trading Strategy
H6 5376 Trgt 2
H5 5297 Trgt 1
H4 5218 Long breakout
H3 5134 Go Short
H2 5106
H1 5078
L1 5021
L2 4993
L3 4965 Long
L4 4881 Short Breakout
L5 4802 Trgt 1
L6 4723 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Dec 05 to Dec 09,2011)
Bank Nifty Spot-Weekly Levels
R3 10128
R2 9664
R1 9418
Avg 8954
S1 8708
S2 8244
S3 7998
Bank Nifty Spot-Weekly Trading Strategy
H6 9939 Trgt 2
H5 9750 Trgt 1
H4 9562 Long breakout
H3 9367 Go Short
H2 9302
H1 9237
L1 9106
L2 9041
L3 8976 Long
L4 8781 Short Breakout
L5 8593 Trgt 1
L6 8404 Trgt 2
R3 10128
R2 9664
R1 9418
Avg 8954
S1 8708
S2 8244
S3 7998
Bank Nifty Spot-Weekly Trading Strategy
H6 9939 Trgt 2
H5 9750 Trgt 1
H4 9562 Long breakout
H3 9367 Go Short
H2 9302
H1 9237
L1 9106
L2 9041
L3 8976 Long
L4 8781 Short Breakout
L5 8593 Trgt 1
L6 8404 Trgt 2
Pre-Closing Outlook(02-12-2011)
As market slipped from higher levels yesterday therefore we were cautiously Bullish and expecting rally above 5000 in next week but sharp surge above 5000 seen today because recovery in Asian markets and gap up opening in European markets as well as positive US Futures.
Rally is very much on above 5000 and expected that next resistance above 5000 will be crossed in next week. We are posting only Bullish views from 23-11-2011 and detailed analysis of Indian market has also been updated in following topic today:-
Bulls are charging to beat Bears
How and from which levels on going Bullish rally built up? Just click following link and go through:-
Live Proofs Bullish Indian Markets 16 Predicions from 23-11-2011
Rally is on and its continuation is expected in the next week but sentiment is heated at this moment therefore buying should be done after minor intraday correction.
Rally is very much on above 5000 and expected that next resistance above 5000 will be crossed in next week. We are posting only Bullish views from 23-11-2011 and detailed analysis of Indian market has also been updated in following topic today:-
Bulls are charging to beat Bears
How and from which levels on going Bullish rally built up? Just click following link and go through:-
Live Proofs Bullish Indian Markets 16 Predicions from 23-11-2011
Rally is on and its continuation is expected in the next week but sentiment is heated at this moment therefore buying should be done after minor intraday correction.
Mid-session Outlook-3(02-12-2011)
All the Asian markets recovers from lower levels. us and European markets Futores are also .40% to 1% tp therefore sentiment improved and Indian markets also bounced from intraday lower levels.
Nifty retraced from 4980 yesterday and sustaining above today will be confirmation of trading between next resistance range above 5000. As sentiment is improving from positive news flow from therefore continuation of rally above 5000 is expected in next week.
Nifty retraced from 4980 yesterday and sustaining above today will be confirmation of trading between next resistance range above 5000. As sentiment is improving from positive news flow from therefore continuation of rally above 5000 is expected in next week.
Mid-session Outlook-2(02-12-2011)
4950 broken out but without force therefore sustaining above is must for next very short term up move confirmation. As Nifty reversed from 4980 yesterday therefore fresh and complete consolidation is required for between 4950-4980 for a decisive break out of yesterday range.
Market is preparing for next decisive moves and it will take its own time between yesterday trading range. Let market prepare and final conclusions come then will be updated accordingly from intraday charts analysis.
Waiting for fresh decisive moves confirmations because Nifty faced resistance at 5000 yesterday.
Market is preparing for next decisive moves and it will take its own time between yesterday trading range. Let market prepare and final conclusions come then will be updated accordingly from intraday charts analysis.
Waiting for fresh decisive moves confirmations because Nifty faced resistance at 5000 yesterday.
Mid-session Outlook(02-12-2011)
30 Points first 2 hours trading range(4920-4950) today with both positions of minor buying at lower levels and selling signals also at higher levels therefore view is cautious and break out of today trading range will be firstly watched for next very short term moves confirmations.
Post-open Outlook(02-12-2011)
Although market is positive but selling signals emerged in last half hour therefore view is cautious and break out of today trading range(4920-4950) will be firstly watched for next very short term moves confirmations.
Pre-open Outlook(02-12-2011)
Global markets and Futures are almost flat therefore sentiment is quiet and almost flat opening will be seen in Indian markets and following last lines of previous outlook are being repeated for next moves:-
Expected that Nifty will firstly trade and prepare for next moves between yesterday trading range 4917-5011 and sustaining beyond this range will be next moves confirmation. As intraday consolidation patterns yesterday therefore possibility of crossing and sustaining above 5011 is high in the coming week.
Expected that Nifty will firstly trade and prepare for next moves between yesterday trading range 4917-5011 and sustaining beyond this range will be next moves confirmation. As intraday consolidation patterns yesterday therefore possibility of crossing and sustaining above 5011 is high in the coming week.
Bulls are charging to beat Bears
Technical Analysis,Research
& Indian Markets Outlook
Nifty-EOD Chart(01-Dec-2011):-
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1- Pull Back Rally started from 4640.
2- It has almost tested 50% retracement level(5020) when made high at 5011.9 on 01-12-2011.
3- Gap Support between 5852-4917 on 01-12-2011.
Technical Positions of Indian Stock markets are as follows:-
Trends are as follows:-
1- Long term trend is down and will be up after sustaining above 200 Day SMA(Today is at 5345)
2- Intermediate term trend is down and will be up after sustaining above 55 Day SMA(Today is at 5019)
3- Short term trend is up and will be down after sustaining below mentioned first support range(4755)
Next resistances between 5000-5400 are as follows:-
1- 5000-5060
2- 5130-5225
3- 5260-5310
4- 5340-5365
Next Supports at lower levels of the on going pull back rally are as follows:-
1- 4755-4800
2- 4645-4720
Fibonacci Retracement Levels of on going up moves are as follows:-
13.0%- 4738
23.6%- 4819
27.0%- 4845
38.2%- 4930
50.0%- 5020
61.8%- 5109
70.7%- 5177
76.4%- 5220
78.6%- 5237
88.6%- 5313
Conclusions (After Putting All Studies Together)
Rally started on 24-11-2011 from 4640 and its first target of 5000 was also updated on 28-11-2011 and following line was told in Nifty-Micro Analysis of Intra Day Chart For 29-12-2011:-
sustaining above 4870 will mean sharp moves toward 5000 because next resistance is above it.
Nifty tested 5000 on 01-12-2011 and retraced after faced resistance 1st support range. Long and Intermediate term trends are down,multiple resistances between 5000-5400 and market has to consolidate before any up move between this range. Just click following links to understand Indian markets long term technical positions;-
1- Pull Back Rally will continue in next week
2- Rally will contine within most Crucial Trend deciding Range
As last 13 months down moves charts structure is showing Falling Channel Correction pattern and trend reversal broadening pattern at the bottom as well as last 3 months range bound market therefore I am again repeating following lines which I told in Rally will contine within most Crucial Trend deciding Range:-
Almost 13 Months correction and finally previous 4 months range bound markets. As trend reversal Broadening Pattern formations at the bottom of correction therefore expected that much deeper correction will not be seen and any up moves from any point will finally prove impulsive Wave-5 toward all time high above 6357.10(on 08-01-2008).
This possibility can not be ruled out that the rally which started on 24-11-2011 from 4640 may cross all time high above 6357.10 in the coming year. As and when market will move up and cross next crucial levels then fate of on going rally will be decided according to break outs and next moves confirmations.
Market faced intraday resistance yesterday and require complete consolidation to cross multiple resistances between 5000-5365 and Long term up trend confirmation will be sustaining above 200 Day SMA(Today is at 5345)
Expected that Nifty will firstly trade and prepare for next moves between yesterday trading range 4917-5011 and sustaining beyond this range will be next moves confirmation. As intraday consolidation patterns yesterday therefore possibility of crossing and sustaining above 5011 is high in the coming week.
Nifty-Micro Analysis of Intra Day Chart For 02-12-2011
Nifty-Intra Day Chart(01-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Whole day mixed patterns between 4920-4980
2- Whole day trading between 4920-4980
Conclusions from intra day chart analysis
Firstly lower levels consolidations in previous 5 sessions and after that more than 3% gap up opening was seen today. As today huge gap up was on the back of global global blasting markets also therefore sentiment was heated and market slipped from higher levels. Profit booking possibility can not be ruled out today but intraday trading patterns are showing consolidation patterns therefore confirmation is required from sustaining beyond today trading range.
In fact we never add anything from our side and whatsoever market shows so tells always. We told following line before the closing of today market in Pre-Closing Outlook today:-
Nifty traded most of the time between 4920-4980 with intraday mixed pattrens
Our intraday mixed pattrens analysis proved 100% accurate today FII AND DII trading data is confirming it which was updated in nseindis.com after 05:30 PM today;-
1- FII are net buyers by Rs.687.26 Crores
2- DII are net sellers by Rs.713.08 Crores
Almost equal buying and selling positions of today by FII and DII therefore both buying and selling positions were created today and we told for intraday mixed patterns before the closing of today market as well as declaration of above data.
Market require complete intraday selling patterns for reversal of on going rally but it was not seen today. Although intraday consolidation patterns today but market could not hold at higher levels also and slipped therefore mixed intraday patterns today and follow up tomorrow intraday moves will give first indication and finally sustaining beyond today trading range(4920-4980) will give next moves confirmations.
Above conclusions are only from today intraday charts analysis. other analysis and possibilities will be updated in next outlook before beginning of tomorrow trading hours.
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1- Whole day mixed patterns between 4920-4980
2- Whole day trading between 4920-4980
Conclusions from intra day chart analysis
Firstly lower levels consolidations in previous 5 sessions and after that more than 3% gap up opening was seen today. As today huge gap up was on the back of global global blasting markets also therefore sentiment was heated and market slipped from higher levels. Profit booking possibility can not be ruled out today but intraday trading patterns are showing consolidation patterns therefore confirmation is required from sustaining beyond today trading range.
In fact we never add anything from our side and whatsoever market shows so tells always. We told following line before the closing of today market in Pre-Closing Outlook today:-
Nifty traded most of the time between 4920-4980 with intraday mixed pattrens
Our intraday mixed pattrens analysis proved 100% accurate today FII AND DII trading data is confirming it which was updated in nseindis.com after 05:30 PM today;-
1- FII are net buyers by Rs.687.26 Crores
2- DII are net sellers by Rs.713.08 Crores
Almost equal buying and selling positions of today by FII and DII therefore both buying and selling positions were created today and we told for intraday mixed patterns before the closing of today market as well as declaration of above data.
Market require complete intraday selling patterns for reversal of on going rally but it was not seen today. Although intraday consolidation patterns today but market could not hold at higher levels also and slipped therefore mixed intraday patterns today and follow up tomorrow intraday moves will give first indication and finally sustaining beyond today trading range(4920-4980) will give next moves confirmations.
Above conclusions are only from today intraday charts analysis. other analysis and possibilities will be updated in next outlook before beginning of tomorrow trading hours.
FII & DII trading activity in Capital Market Segment on 01-Dec-2011
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Indian Stock Markets Closing Reports(01-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Green after gap op opening.
2- More than 2% pisitive closing but Candle is Black.
3- Nifty tested 5000 but slips.
Ratios
Nifty Put Call Ratio :1.11
Nifty P/E Ratio(01-Dec-2011): 17.87
Advances & Declines
BSE ADVANCES : 1674
BSE DECLINES : 1144
NSE ADVANCES : 940
NSE DECLINES : 484
Nifty Open Interest Changed Today
Nifty- 4900 CE(Dec)- -230450(-5.79%)
Nifty- 4900 PE(Dec)- +1480200(+64.35%)
Nifty- 5000 CE(Dec)- +531600(+9.50%)
Nifty- 5000 PE(Dec)- +1216900(+47.91%)
Closing
Nifty- closed at 4,936.85(+104.80 Points & +2.17%)
Sensex- closed at 16,483.45(+359.99 Points & +2.23% )
CNX MIDCAP - closed at 6,707.05(+66Points & +0.99%)
BSE SMALL CAP- closed at 6,123.71(+26.45 Points & +0.43%)
1- All the Indices closed in Green after gap op opening.
2- More than 2% pisitive closing but Candle is Black.
3- Nifty tested 5000 but slips.
Ratios
Nifty Put Call Ratio :1.11
Nifty P/E Ratio(01-Dec-2011): 17.87
Advances & Declines
BSE ADVANCES : 1674
BSE DECLINES : 1144
NSE ADVANCES : 940
NSE DECLINES : 484
Nifty Open Interest Changed Today
Nifty- 4900 CE(Dec)- -230450(-5.79%)
Nifty- 4900 PE(Dec)- +1480200(+64.35%)
Nifty- 5000 CE(Dec)- +531600(+9.50%)
Nifty- 5000 PE(Dec)- +1216900(+47.91%)
Closing
Nifty- closed at 4,936.85(+104.80 Points & +2.17%)
Sensex- closed at 16,483.45(+359.99 Points & +2.23% )
CNX MIDCAP - closed at 6,707.05(+66Points & +0.99%)
BSE SMALL CAP- closed at 6,123.71(+26.45 Points & +0.43%)
Nifty Spot-Levels & Trading Strategy for 02-12-2011
Nifty Spot-Levels
R3 5087
R2 5049
R1 4992
Avg 4954
S1 4897
S2 4859
S3 4802
Nifty Spot-Trading Strategy
H6 5031 Trgt 2
H5 5009 Trgt 1
H4 4988 Long breakout
H3 4962 Go Short
H2 4953
H1 4944
L1 4927
L2 4918
L3 4909 Long
L4 4883 Short Breakout
L5 4862 Trgt 1
L6 4840 Trgt 2
R3 5087
R2 5049
R1 4992
Avg 4954
S1 4897
S2 4859
S3 4802
Nifty Spot-Trading Strategy
H6 5031 Trgt 2
H5 5009 Trgt 1
H4 4988 Long breakout
H3 4962 Go Short
H2 4953
H1 4944
L1 4927
L2 4918
L3 4909 Long
L4 4883 Short Breakout
L5 4862 Trgt 1
L6 4840 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 02-12-2011
Nifty(Dec Fut)-Levels
R3 5085
R2 5050
R1 5006
Avg 4971
S1 4927
S2 4892
S3 4848
Nifty(Dec Fut)-Trading Strategy
H6 5042 Trgt 2
H5 5024 Trgt 1
H4 5006 Long breakout
H3 4984 Go Short
H2 4977
H1 4970
L1 4955
L2 4948
L3 4941 Long
L4 4919 Short Breakout
L5 4901 Trgt 1
L6 4883 Trgt 2
R3 5085
R2 5050
R1 5006
Avg 4971
S1 4927
S2 4892
S3 4848
Nifty(Dec Fut)-Trading Strategy
H6 5042 Trgt 2
H5 5024 Trgt 1
H4 5006 Long breakout
H3 4984 Go Short
H2 4977
H1 4970
L1 4955
L2 4948
L3 4941 Long
L4 4919 Short Breakout
L5 4901 Trgt 1
L6 4883 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 02-12-2011
Bank Nifty(Dec Fut)-Levels
R3 9223
R2 9124
R1 9023
Avg 8924
S1 8823
S2 8724
S3 8623
Bank Nifty(Dec Fut)-Trading Strategy
H6 9124 Trgt 2
H5 9078 Trgt 1
H4 9032 Long breakout
H3 8977 Go Short
H2 8958
H1 8940
L1 8903
L2 8885
L3 8867 Long
L4 8812 Short Breakout
L5 8765 Trgt 1
L6 8719 Trgt 2
R3 9223
R2 9124
R1 9023
Avg 8924
S1 8823
S2 8724
S3 8623
Bank Nifty(Dec Fut)-Trading Strategy
H6 9124 Trgt 2
H5 9078 Trgt 1
H4 9032 Long breakout
H3 8977 Go Short
H2 8958
H1 8940
L1 8903
L2 8885
L3 8867 Long
L4 8812 Short Breakout
L5 8765 Trgt 1
L6 8719 Trgt 2
Pre-Closing Outlook(01-12-2011)
Nifty traded most of the time between 4920-4980 with intraday mixed pattrens and suggesting for confirmations through sustaining beyond today trading range.
Mid-session Outlook(01-12-2011)
Pull Back rally is on after huge gap up opening today and Nifty is sustaining at higher levels. Although Market slipped from intraday higher levels but no selling signal yet and market require complete selling patterns for sustained down moves.
As intraday charts are suggesting consolidation pattern therefore finally upmobes are expected after 1/2 days consolidation near 5000.
Live Proofs Bullish Indian Markets 16 Predicions from 23-11-2011
Pre-open Outlook(01-12-2011)
When all the global markets are blasting and SGX Nifty is more than 160 points up then anyone can say for strong Indian markets but when;-
1- When global markets were dipping
2- When FIIs were selling
3- When Indian Rupeee was sliping
4- When most of the News Channels were telling for most bearish markets
5- When most of the experts were telling for Bearish markets and also updating for Nifty at 4500/4200/4000/3800/3500
we started to tell for Bullish Indian markets from 23-11-2011and repeated 16 times again and again daily in 4 Forums,2 News Papers and in our Website.
Those live proofs are as follows which all will always accept and no one can deny and if anybody have any doubt then can verify on his own from any of above mentioned updating sources;-
1- Confirmation required for 64 sessions range(4720) breaking down(23-11-2011)
Indian markets are prepared for a strong bounce back and if Nifty sustains above 4720 then strong pull back rally will be seen.
2- Mid-session Outlook(24-11-2011)
As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered and sustaing above 4678 will be confirmation of fresh up moves after correction completion therefore should be kept in mind.
3- Pre-Closing Outlook(24-11-2011)
Nifty moved above 4720 after getting strong support at 4640 and again entered between 64 sessions range. More up moves are expected after correction completion confirmations.
4- Pull Back rally is on after correction completion(24-11-2011)
Pull Back Rally commenced after correction completion today and crossing as well as sustaining above 4890 will be confirmation of strong up moves.
5- Up move expectations were told at 10:12:00 AM on Post-open Outlook(25-11-2011)
As first 45 minutes intraday patterns showed consolidations patterns between 4700-4720 therefore up move expectations are alive after follow up consolidations despite depressing global sentiment.
6- Bearish view was not told despite Red closing in Pre-Closing Outlook(25-11-2011)
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
7- Bearish view was not told despite Red closing in Pre-Closing Outlook(25-11-2011)
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today
8- Bullish market was proved on 26-11-2011 in Pull Back Rally will continue in next week and following line was told:-
Pull Back Rally has begun in previous week and will remain continued in the coming week.
9- Pull Back Rally is on (28-11-2011)
finally up moves will be seen today and previous week started Pull Back Rally will remain continued with today positive market.
10- Mid-session Outlook(28-11-2011)
finally continuation of rally is expected after consolidations.
11- Bullish Bombs ready to Blast(28-11-2011)
expected that mentioned resistance will be crossed and bullish rally will continue in the coming sessions.
12- Technical Analysis and Research For 29-12-2011
strong bullish indication therefore continuation of previous week rally will be seen in this week.
13- Fibonacci Retracement Levels(28-Nov-2011):
Pull Back Rally begun after its completion on 24-11-2011 at 4640. Fibonacci Retracement Levels of on going up moves are as follows:-
14- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
Technically Indian markets are riped for a strong Pull Back Rally
15- Rally will contine within most Crucial Trend deciding Range(30-Nov-2011)
intraday charts of yesterday are showing consolidation patterns therefore firstly continuation of rally is expected within 65 Sessions range(4720-5229).
16- Pre-Closing Outlook(30-11-2011)
As intraday consolidation pateerns today also and continuation of rally expected in the coming sessions.
We are having more than 4 Years record of such accurate Indian markets predictions
US and European markets blasted yesterday and resultant good fireworks in all Asian markets and all the Asian markets are 2% to 5% up today morning. Rally is very much on in Indian markets and all the Indian markets strong up moves will be seen in Indian markets after gap up opening today and Green closing will be seen today after whole day positive zone trading.
Nifty-Micro Analysis of Intra Day Chart For 01-12-2011
Rally is on after correction completion
Nifty-Intra Day Chart(30-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Support between 4758-4775
2- Support between 4780-4800
3- Consolidation Patterns
4- Whole day consolidation Patterns
5- Whole day trading between 4755-4851
Conclusions
Rally continuation after correction completion has already been updated in following 4 topics today and yesterday. Today intraday charts are also showing consolidation patterns therefore expected that rally will remain continued in the coming sessions;-
1-Pre-Closing Outlook(30-11-2011)
2- Rally will contine within most Crucial Trend deciding Range
3- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
4- Pre-Closing Outlook(29-11-2011)
Nifty-Intra Day Chart(30-Nov-2011):-
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| Just click on chart for its enlarged view |
1- Support between 4758-4775
2- Support between 4780-4800
3- Consolidation Patterns
4- Whole day consolidation Patterns
5- Whole day trading between 4755-4851
Conclusions
Rally continuation after correction completion has already been updated in following 4 topics today and yesterday. Today intraday charts are also showing consolidation patterns therefore expected that rally will remain continued in the coming sessions;-
1-Pre-Closing Outlook(30-11-2011)
2- Rally will contine within most Crucial Trend deciding Range
3- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
4- Pre-Closing Outlook(29-11-2011)
Indian Stock Markets Closing Reports(30-Nov-2011)
Main features of today trading are as follows
1- Bench mark Indices closed in Green.
2- Consolidation patterns in almost all Indices and up moves are expected in the coming sessions.
3- White Candle.
Ratios
Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(01-Dec-2011): 17.49
Advances & Declines
BSE ADVANCES : 1184
BSE DECLINES : 1553
NSE ADVANCES : 516
NSE DECLINES : 907
Nifty Open Interest Changed Today
Nifty- 4800 CE(Dec)- +427200(+12.05%)
Nifty- 4800 PE(Dec)- +286650(+5.50%)
Nifty- 4900 CE(Dec)- -507550(-10.94%)
Nifty- 4900 PE(Dec)- -99650(-4.15%)
Closing
Nifty- closed at 4,832.05(+26.95 Points & +0.56%)
Sensex- closed at 16,123.46(+115.12 Points & +0.72% )
CNX MIDCAP - closed at 6,641.05(-13.55 Points & -0.20%)
BSE SMALL CAP- closed at 6,097.26(-44.90 Points & -0.73%)
1- Bench mark Indices closed in Green.
2- Consolidation patterns in almost all Indices and up moves are expected in the coming sessions.
3- White Candle.
Ratios
Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(01-Dec-2011): 17.49
Advances & Declines
BSE ADVANCES : 1184
BSE DECLINES : 1553
NSE ADVANCES : 516
NSE DECLINES : 907
Nifty Open Interest Changed Today
Nifty- 4800 CE(Dec)- +427200(+12.05%)
Nifty- 4800 PE(Dec)- +286650(+5.50%)
Nifty- 4900 CE(Dec)- -507550(-10.94%)
Nifty- 4900 PE(Dec)- -99650(-4.15%)
Closing
Nifty- closed at 4,832.05(+26.95 Points & +0.56%)
Sensex- closed at 16,123.46(+115.12 Points & +0.72% )
CNX MIDCAP - closed at 6,641.05(-13.55 Points & -0.20%)
BSE SMALL CAP- closed at 6,097.26(-44.90 Points & -0.73%)
FII & DII trading activity in Capital Market Segment on 30-Nov-2011
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Nifty Spot-Levels & Trading Strategy for 01-12-2011
Nifty Spot-Levels
R3 4967
R2 4909
R1 4870
Avg 4812
S1 4773
S2 4715
S3 4676
Nifty Spot-Trading Strategy
H6 4930 Trgt 2
H5 4907 Trgt 1
H4 4885 Long breakout
H3 4858 Go Short
H2 4849
H1 4840
L1 4823
L2 4814
L3 4805 Long
L4 4778 Short Breakout
L5 4756 Trgt 1
L6 4733 Trgt 2
R3 4967
R2 4909
R1 4870
Avg 4812
S1 4773
S2 4715
S3 4676
Nifty Spot-Trading Strategy
H6 4930 Trgt 2
H5 4907 Trgt 1
H4 4885 Long breakout
H3 4858 Go Short
H2 4849
H1 4840
L1 4823
L2 4814
L3 4805 Long
L4 4778 Short Breakout
L5 4756 Trgt 1
L6 4733 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 01-12-2011
Nifty(Dec Fut)-Levels
R3 4983
R2 4922
R1 4877
Avg 4816
S1 4771
S2 4710
S3 4665
Nifty(Dec Fut)-Trading Strategy
H6 4939 Trgt 2
H5 4915 Trgt 1
H4 4890 Long breakout
H3 4861 Go Short
H2 4851
H1 4841
L1 4822
L2 4812
L3 4802 Long
L4 4773 Short Breakout
L5 4749 Trgt 1
L6 4724 Trgt 2
R3 4983
R2 4922
R1 4877
Avg 4816
S1 4771
S2 4710
S3 4665
Nifty(Dec Fut)-Trading Strategy
H6 4939 Trgt 2
H5 4915 Trgt 1
H4 4890 Long breakout
H3 4861 Go Short
H2 4851
H1 4841
L1 4822
L2 4812
L3 4802 Long
L4 4773 Short Breakout
L5 4749 Trgt 1
L6 4724 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 01-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8945
R2 8832
R1 8696
Avg 8583
S1 8447
S2 8334
S3 8198
Bank Nifty(Dec Fut)-Trading Strategy
H6 8812 Trgt 2
H5 8755 Trgt 1
H4 8697 Long breakout
H3 8629 Go Short
H2 8606
H1 8583
L1 8538
L2 8515
L3 8492 Long
L4 8424 Short Breakout
L5 8366 Trgt 1
L6 8309 Trgt 2
R3 8945
R2 8832
R1 8696
Avg 8583
S1 8447
S2 8334
S3 8198
Bank Nifty(Dec Fut)-Trading Strategy
H6 8812 Trgt 2
H5 8755 Trgt 1
H4 8697 Long breakout
H3 8629 Go Short
H2 8606
H1 8583
L1 8538
L2 8515
L3 8492 Long
L4 8424 Short Breakout
L5 8366 Trgt 1
L6 8309 Trgt 2
Pre-Closing Outlook(30-11-2011)
Intraday consolidation patterns were told for yesterday markets and resultant Indian markets are closing in Green today despite all the Global markets and Futures negative zone trading and closing.
Highly volatile markets today and yesterday therefore finally sustaining beyond these two sessions range (4755-4866) will be next moves confirmations. As intraday consolidation pateerns today also and continuation of rally expected in the coming sessions but mentioned two days range will also be watched for confirmations.
Highly volatile markets today and yesterday therefore finally sustaining beyond these two sessions range (4755-4866) will be next moves confirmations. As intraday consolidation pateerns today also and continuation of rally expected in the coming sessions but mentioned two days range will also be watched for confirmations.
Mid-session Outlook(30-11-2011)
Although most of the Asian markets were in deep Red but folloiwng lines were told for today market in Pre-open Outlook:-
1- Until Nifty will not sustain below 4788 till then further down moves will not be considered.
2- Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.
Nifty is in positive zone above 4800 despite all negative zone trading Asian markets and Dow's Futures is also 50 points down at this moment.
Whole day intraday consolidations yesterday and correction completion as well as rally continuation possibility was told in following 3 topics yesterday:-
1- Rally will contine within most Crucial Trend deciding Range
2- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
3- Pre-Closing Outlook(29-11-2011)
Intraday support at lower levels today sustaining above following two levels will be next strong rally confirmation:-
1- 4820
2- 4866
1- Until Nifty will not sustain below 4788 till then further down moves will not be considered.
2- Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.
Nifty is in positive zone above 4800 despite all negative zone trading Asian markets and Dow's Futures is also 50 points down at this moment.
Whole day intraday consolidations yesterday and correction completion as well as rally continuation possibility was told in following 3 topics yesterday:-
1- Rally will contine within most Crucial Trend deciding Range
2- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
3- Pre-Closing Outlook(29-11-2011)
Intraday support at lower levels today sustaining above following two levels will be next strong rally confirmation:-
1- 4820
2- 4866
Pre-open Outlook(30-11-2011)
Almost all the Asian markets in Red and some are more than 1.5% down also therefore sentiment is weak and negative opening will be seen today. Nifty traded between 4788-4866 yesterday with intraday consolidation patterns and may slip below also yesterday lows under Asian markets influence but until Nifty will not sustain below 4788 till then further down moves will not be considered.
Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.
Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.
Pre-open Outlook(30-11-2011)
Almost all the Asian markets in Red and some are more than 1.5% down also therefore sentiment is weak and negative opening will be seen today. Nifty traded between 4788-4866 yesterday with intraday consolidation patterns and may slip below also yesterday lows under Asian markets influence but until Nifty will not sustain below 4788 till then further down moves will not be considered.
Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.
Rally will contine within most Crucial Trend deciding Range
Technical Analysis and Research For 30-11-2011
Nifty-EOD Chart(29-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- 55+8+2=65 Sessions range bound trading between 4720-5229
2- 55 Sessions range broken out and retracement within range
3- 55+8=63 Sessions range broken bown and retracement within range
4- Previous 2 sessions trading
5- Trend reversal Broadening Pattern in last 4 months.
Conclusions
Nifty traded between 4720-5229 in previous 65 sessions and reversed into this range 2 times after its broken out and broken down. Almost 13 Months correction and finally previous 4 months range bound markets. As trend reversal Broadening Pattern formations at the bottom of correction therefore expected that much deeper correction will not be seen and any up moves from any point will finally prove impulsive Wave-5 toward all time high above 6357.10(on 08-01-2008).
Rally started on 24-11-2011 from 4639.10 and its short term cooection seen yesterday. Although Indian markets closed almost 1% down yesterday but intraday charts of yesterday are showing consolidation patterns therefore firstly continuation of rally is expected within 65 Sessions range(4720-5229).
Just click following link for intraday chart analysis of 29-11-2011
Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
Nifty-EOD Chart(29-Nov-2011):-
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| Just click on chart for its enlarged view |
1- 55+8+2=65 Sessions range bound trading between 4720-5229
2- 55 Sessions range broken out and retracement within range
3- 55+8=63 Sessions range broken bown and retracement within range
4- Previous 2 sessions trading
5- Trend reversal Broadening Pattern in last 4 months.
Conclusions
Nifty traded between 4720-5229 in previous 65 sessions and reversed into this range 2 times after its broken out and broken down. Almost 13 Months correction and finally previous 4 months range bound markets. As trend reversal Broadening Pattern formations at the bottom of correction therefore expected that much deeper correction will not be seen and any up moves from any point will finally prove impulsive Wave-5 toward all time high above 6357.10(on 08-01-2008).
Rally started on 24-11-2011 from 4639.10 and its short term cooection seen yesterday. Although Indian markets closed almost 1% down yesterday but intraday charts of yesterday are showing consolidation patterns therefore firstly continuation of rally is expected within 65 Sessions range(4720-5229).
Just click following link for intraday chart analysis of 29-11-2011
Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
FII & DII trading activity in Capital Market Segment on 29-Nov-2011
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Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
Nifty-Intra Day Chart(29-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Falling channel corrections
2- Support between 4804-4822
3- Support between 4788-4805
4- Whole day intraday consolidation patterns
5- Whole day trading between 4788-4866
Conclusions from intra day chart analysis
Intraday correction and vloatile market was clearly told before the opening of today market and it was seen whole day today. As today intraday charts are showing falling channels,lower levels supports and whole day consolidation patterns therefore expected that follow up buying will develop in the coming sessions and today begun very short term correction will finish within 1/2 day.
Pull back rally continuation possibility is high in the coming sessions despite 1% down closing today. Technically Indian markets are riped for a strong Pull Back Rally and amicable resolving of Retail FDI issue will trigger next rally as well as next trend confirmation will be sustaining beyond 4790-4870.
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| Just click on chart for its enlarged view |
1- Falling channel corrections
2- Support between 4804-4822
3- Support between 4788-4805
4- Whole day intraday consolidation patterns
5- Whole day trading between 4788-4866
Conclusions from intra day chart analysis
Intraday correction and vloatile market was clearly told before the opening of today market and it was seen whole day today. As today intraday charts are showing falling channels,lower levels supports and whole day consolidation patterns therefore expected that follow up buying will develop in the coming sessions and today begun very short term correction will finish within 1/2 day.
Pull back rally continuation possibility is high in the coming sessions despite 1% down closing today. Technically Indian markets are riped for a strong Pull Back Rally and amicable resolving of Retail FDI issue will trigger next rally as well as next trend confirmation will be sustaining beyond 4790-4870.
Indian Stock Markets Closing Reports(29-Nov-2011)
Main features of today trading are as follows
1- All the Indices closed in Red except HC and FMCG
2- Black Candle.
3- Retail FDI news led uncertainity,volatility and weak market.
Ratios
Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(29-Nov-2011): 17.40
Advances & Declines
BSE ADVANCES : 1224
BSE DECLINES : 1525
NSE ADVANCES : 564
NSE DECLINES : 875
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +56550(+2.59%)
Nifty- 4700 PE(Dec)- +218350(+3.16%)
Nifty- 4800 CE(Dec)- +378450(+11.92%)
Nifty- 4800 PE(Dec)- -28950(-0.54%)
Nifty- 4900 CE(Dec)- +1163650(+31.65%)
Nifty- 4900 PE(Dec)- +151550(+6.69%)
Closing
Nifty- closed at 4,805.10(-46.20 Points & -0.95%)
Sensex- closed at 16,008.34(-158.79 Points & -0.98%)
CNX MIDCAP - closed at 6,654.60(-59.35 Points & -0.88%)
BSE SMALL CAP- closed at 6,142.16(-11.20 Points & -0.18%)
1- All the Indices closed in Red except HC and FMCG
2- Black Candle.
3- Retail FDI news led uncertainity,volatility and weak market.
Ratios
Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(29-Nov-2011): 17.40
Advances & Declines
BSE ADVANCES : 1224
BSE DECLINES : 1525
NSE ADVANCES : 564
NSE DECLINES : 875
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +56550(+2.59%)
Nifty- 4700 PE(Dec)- +218350(+3.16%)
Nifty- 4800 CE(Dec)- +378450(+11.92%)
Nifty- 4800 PE(Dec)- -28950(-0.54%)
Nifty- 4900 CE(Dec)- +1163650(+31.65%)
Nifty- 4900 PE(Dec)- +151550(+6.69%)
Closing
Nifty- closed at 4,805.10(-46.20 Points & -0.95%)
Sensex- closed at 16,008.34(-158.79 Points & -0.98%)
CNX MIDCAP - closed at 6,654.60(-59.35 Points & -0.88%)
BSE SMALL CAP- closed at 6,142.16(-11.20 Points & -0.18%)
Nifty Spot-Levels & Trading Strategy for 30-11-2011
Nifty Spot-Levels
R3 4930
R2 4898
R1 4851
Avg 4819
S1 4772
S2 4740
S3 4693
Nifty Spot-Trading Strategy
H6 4884 Trgt 2
H5 4866 Trgt 1
H4 4848 Long breakout
H3 4826 Go Short
H2 4819
H1 4812
L1 4797
L2 4790
L3 4783 Long
L4 4761 Short Breakout
L5 4743 Trgt 1
L6 4725 Trgt 2
R3 4930
R2 4898
R1 4851
Avg 4819
S1 4772
S2 4740
S3 4693
Nifty Spot-Trading Strategy
H6 4884 Trgt 2
H5 4866 Trgt 1
H4 4848 Long breakout
H3 4826 Go Short
H2 4819
H1 4812
L1 4797
L2 4790
L3 4783 Long
L4 4761 Short Breakout
L5 4743 Trgt 1
L6 4725 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 30-11-2011
Nifty(Dec Fut)-Levels
R3 4968
R2 4926
R1 4871
Avg 4829
S1 4774
S2 4732
S3 4677
Nifty(Dec Fut)-Trading Strategy
H6 4913 Trgt 2
H5 4891 Trgt 1
H4 4869 Long breakout
H3 4842 Go Short
H2 4833
H1 4824
L1 4807
L2 4798
L3 4789 Long
L4 4762 Short Breakout
L5 4740 Trgt 1
L6 4718 Trgt 2
R3 4968
R2 4926
R1 4871
Avg 4829
S1 4774
S2 4732
S3 4677
Nifty(Dec Fut)-Trading Strategy
H6 4913 Trgt 2
H5 4891 Trgt 1
H4 4869 Long breakout
H3 4842 Go Short
H2 4833
H1 4824
L1 4807
L2 4798
L3 4789 Long
L4 4762 Short Breakout
L5 4740 Trgt 1
L6 4718 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 30-11-2011
Bank Nifty(Dec Fut)-Levels
R3 9080
R2 8964
R1 8795
Avg 8679
S1 8510
S2 8394
S3 8225
Bank Nifty(Dec Fut)-Trading Strategy
H6 8914 Trgt 2
H5 8848 Trgt 1
H4 8783 Long breakout
H3 8705 Go Short
H2 8679
H1 8653
L1 8600
L2 8574
L3 8548 Long
L4 8470 Short Breakout
L5 8405 Trgt 1
L6 8339 Trgt 2
R3 9080
R2 8964
R1 8795
Avg 8679
S1 8510
S2 8394
S3 8225
Bank Nifty(Dec Fut)-Trading Strategy
H6 8914 Trgt 2
H5 8848 Trgt 1
H4 8783 Long breakout
H3 8705 Go Short
H2 8679
H1 8653
L1 8600
L2 8574
L3 8548 Long
L4 8470 Short Breakout
L5 8405 Trgt 1
L6 8339 Trgt 2
Pre-Closing Outlook(29-11-2011)
Nifty traded almost whole time between mentioned range(4790-4870) with intraday consolidation patterns therefore expected that finally continuation of previous week started rally will be seen despite today at this moment more than 1.00% down trading.
Next trend confirmation will be sustaining beyond mentioned range(4790-4870) therefore will be kept in mind and firstly watched tomorrow.
Next trend confirmation will be sustaining beyond mentioned range(4790-4870) therefore will be kept in mind and firstly watched tomorrow.
Mid-session Outlook(29-11-2011)
Intraday correctin and volatile market between 4790-4870 was expected for today and Nifty traded between 4802.85-4866.10 in first 4 hours today. Correction of previous week started rally is continued today and intraday support also seen between 4804-4822. As lower levels intraday support today therefore expected that rally will be seen after correction completion.
Mentioned range(4790-4870) break out will be next trend confirmation therefore will be kept in mind.
Mentioned range(4790-4870) break out will be next trend confirmation therefore will be kept in mind.
Next Rally Key in the hands of FDI in retail
(29-11-2011)
All the global markets closed strong yesterday but today is rest taking day and all the Asian markets are trading with modest gains. As climate is lukewarm today morning therefore Indian markets will also open flat and firstly trade near about yesterday closing within resistance range(4820-4870).
Pull back rally is on but very short term indicators are overbought after yesterday rally therefore minor intraday correction is due and that may be seen today and new phase of up moves will start after sustaining above mentioned resistance range.
Volatility is possible today due to following 2 reasons:-
1- Profit booking possibility on the back of heated sentiment.
2- Uncertainity due to FDI in retail issue.
FDI in retail is holding the key of next rally therefore its amicable solution is must for next rally above 4870. If situation worsen and Parliament does not work then it will badly hamper sentiment as well as previous week started rally.
Minor intraday corrections are part of pull back rallies and that may be seen today. Nifty will firstly trade and prepare for next moves betweeen 4790-4870,sustaining beyond this range will be next trend confirmation.
Fibonacci Retracement Levels
Nifty-EOD Chart(28-Nov-2011):-
Conclusions
Correcttion started on 28-10-2011 from 5400 and Pull Back Rally begun after its completion on 24-11-2011 at 4640. Fibonacci Retracement Levels of on going up moves are as follows:-
13.0%- 4738
23.6%- 4819
27.0%- 4845
38.2%- 4930
50.0%- 5020
61.8%- 5109
70.7%- 5177
76.4%- 5220
78.6%- 5237
88.6%- 5313
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| Just click on chart for its enlarged view |
Correcttion started on 28-10-2011 from 5400 and Pull Back Rally begun after its completion on 24-11-2011 at 4640. Fibonacci Retracement Levels of on going up moves are as follows:-
13.0%- 4738
23.6%- 4819
27.0%- 4845
38.2%- 4930
50.0%- 5020
61.8%- 5109
70.7%- 5177
76.4%- 5220
78.6%- 5237
88.6%- 5313
Technical Analysis and Research For 29-12-2011
Falling Channel Break Out
Nifty-EOD Chart(28-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- 3 Sessions consolidation at lower levels
2- Falling Channel Break out
Conclusions
Last 14 days falling channel break out today after 3 sessions consolidations and it is strong bullish indication therefore continuation of previous week rally will be seen in this week.
Nifty-EOD Chart(28-Nov-2011):-
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| Just click on chart for its enlarged view |
1- 3 Sessions consolidation at lower levels
2- Falling Channel Break out
Conclusions
Last 14 days falling channel break out today after 3 sessions consolidations and it is strong bullish indication therefore continuation of previous week rally will be seen in this week.
FII & DII trading activity in Capital Market Segment on 28-Nov-2011
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Nifty-Micro Analysis of Intra Day Chart For 29-12-2011
Nifty-Intra Day Chart(28-12-2011):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 4785-4825
2- Whole day trading between 4775-4857
Conclusions from intra day chart analysis
Strong rally after whole day consolidations today and no signs of selling therefore continuation of rally expected in the coming sessions. Next resistance is between 4820-4870 and Nifty traded last more than one hour within this range,sustaining above 4870 will mean sharp moves toward 5000 because next resistance is above it.
Expected that up moves will remain continued and Nifty will test levels above 5000 in the coming sessions.
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| Just click on chart for its enlarged view |
1- Consolidation between 4785-4825
2- Whole day trading between 4775-4857
Conclusions from intra day chart analysis
Strong rally after whole day consolidations today and no signs of selling therefore continuation of rally expected in the coming sessions. Next resistance is between 4820-4870 and Nifty traded last more than one hour within this range,sustaining above 4870 will mean sharp moves toward 5000 because next resistance is above it.
Expected that up moves will remain continued and Nifty will test levels above 5000 in the coming sessions.
Indian Stock Markets Closing Reports(28-Nov-2011)
Main features of today trading are as follows
1- All the Indices closed in Green with good gains.
2- Long white Candle.
3- Beginning of strong rally.
Ratios
Nifty Put Call Ratio: 1.04
Nifty P/E Ratio(28-Nov-2011): 17.56
Advances & Declines
BSE ADVANCES : 1922
BSE DECLINES : 879
NSE ADVANCES : 1119
NSE DECLINES : 337
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- -312950(-12.43%)
Nifty- 4700 PE(Dec)- +976450(+16.20%)
Nifty- 4800 CE(Dec)- -469600(-12.50%)
Nifty- 4800 PE(Dec)- +860550(+18.53%)
Nifty- 4900 CE(Dec)- +220650(+6.23%)
Nifty- 4900 PE(Dec)- +121250(+5.62%)
Closing
Nifty- closed at 4,851.30(+141.25 Points & +3.00%)
Sensex- closed at 16,167.13(+471.70 Points & +3.01%)
CNX MIDCAP - closed at 6,713.95(+116.25 Points & +1.76%)
BSE SMALL CAP- closed at 6,153.36(+103.97 Points & +1.72%)
1- All the Indices closed in Green with good gains.
2- Long white Candle.
3- Beginning of strong rally.
Ratios
Nifty Put Call Ratio: 1.04
Nifty P/E Ratio(28-Nov-2011): 17.56
Advances & Declines
BSE ADVANCES : 1922
BSE DECLINES : 879
NSE ADVANCES : 1119
NSE DECLINES : 337
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- -312950(-12.43%)
Nifty- 4700 PE(Dec)- +976450(+16.20%)
Nifty- 4800 CE(Dec)- -469600(-12.50%)
Nifty- 4800 PE(Dec)- +860550(+18.53%)
Nifty- 4900 CE(Dec)- +220650(+6.23%)
Nifty- 4900 PE(Dec)- +121250(+5.62%)
Closing
Nifty- closed at 4,851.30(+141.25 Points & +3.00%)
Sensex- closed at 16,167.13(+471.70 Points & +3.01%)
CNX MIDCAP - closed at 6,713.95(+116.25 Points & +1.76%)
BSE SMALL CAP- closed at 6,153.36(+103.97 Points & +1.72%)
Nifty Spot-Levels & Trading Strategy for 29-11-2011
Nifty(Dec Fut)-Levels
R3 5036
R2 4955
R1 4912
Avg 4831
S1 4788
S2 4707
S3 4664
Nifty(Dec Fut)-Trading Strategy
H6 4997 Trgt 2
H5 4967 Trgt 1
H4 4938 Long breakout
H3 4904 Go Short
H2 4892
H1 4881
L1 4858
L2 4847
L3 4835 Long
L4 4801 Short Breakout
L5 4772 Trgt 1
L6 4742 Trgt 2
R3 5036
R2 4955
R1 4912
Avg 4831
S1 4788
S2 4707
S3 4664
Nifty(Dec Fut)-Trading Strategy
H6 4997 Trgt 2
H5 4967 Trgt 1
H4 4938 Long breakout
H3 4904 Go Short
H2 4892
H1 4881
L1 4858
L2 4847
L3 4835 Long
L4 4801 Short Breakout
L5 4772 Trgt 1
L6 4742 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 29-11-2011
Nifty(Dec Fut)-Levels
R3 5036
R2 4955
R1 4912
Avg 4831
S1 4788
S2 4707
S3 4664
Nifty(Dec Fut)-Trading Strategy
H6 4997 Trgt 2
H5 4967 Trgt 1
H4 4938 Long breakout
H3 4904 Go Short
H2 4892
H1 4881
L1 4858
L2 4847
L3 4835 Long
L4 4801 Short Breakout
L5 4772 Trgt 1
L6 4742 Trgt 2
R3 5036
R2 4955
R1 4912
Avg 4831
S1 4788
S2 4707
S3 4664
Nifty(Dec Fut)-Trading Strategy
H6 4997 Trgt 2
H5 4967 Trgt 1
H4 4938 Long breakout
H3 4904 Go Short
H2 4892
H1 4881
L1 4858
L2 4847
L3 4835 Long
L4 4801 Short Breakout
L5 4772 Trgt 1
L6 4742 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 29-11-2011
Bank Nifty(Dec Fut)-Levels
R3 9141
R2 8981
R1 8895
Avg 8735
S1 8649
S2 8489
S3 8403
Bank Nifty(Dec Fut)-Trading Strategy
H6 9061 Trgt 2
H5 9002 Trgt 1
H4 8944 Long breakout
H3 8876 Go Short
H2 8854
H1 8831
L1 8786
L2 8763
L3 8741 Long
L4 8673 Short Breakout
L5 8615 Trgt 1
L6 8556 Trgt 2
R3 9141
R2 8981
R1 8895
Avg 8735
S1 8649
S2 8489
S3 8403
Bank Nifty(Dec Fut)-Trading Strategy
H6 9061 Trgt 2
H5 9002 Trgt 1
H4 8944 Long breakout
H3 8876 Go Short
H2 8854
H1 8831
L1 8786
L2 8763
L3 8741 Long
L4 8673 Short Breakout
L5 8615 Trgt 1
L6 8556 Trgt 2
Bullish Bombs ready to Blast
That more than 3% strong rally seen today which was clearly projected in all the outlooks for today and this week. Nifty is trading between resistance range(4820-4870) and intraday patterns are showing consolidation therefore expected that mentioned resistance will be crossed and bullish rally will continue in the coming sessions.
Mid-session Outlook(28-11-2011)
First 3 hours trading between 4785-4812 and Nifty is slipping from intraday higher levels. As sentiment turned heated therefore some volatility is possible but finally continuation of rally is expected after consolidations.
Pull Back Rally is on
Pre-open Outlook(28-11-2011)
Technical Analysis and Research of EOD,Nifty Intra Day Chart,Technical Positions and next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-
Pull Back Rally will continue in next week
US Futures and all the Asian markets are more than 1% to 1.9% up today morning therefore gap up opening will be seen today morning. As up moves and Pull Back rally continuation was expected therefore it was clearly projected on 25-11-2011 and 26-11-2011 in following manner:-
Following line was told in Pre-Closing Outlook before the closing of last Friday market:-
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
Following line was also told in Pull Back Rally will continue in next week
Trend reversal broadening pattern formation at the bottom and lower levels supports also in previous week therefore expected that Indian markets will consolidate and finally cross higher levels resistances in the coming week.
As some selling was seen between 4745-4767 last Friday therefore Nifty will firstly consolidate near about above range and expected that finally up moves will be seen today and previous week started Pull Back Rally will remain continued with today positive market.
Technical Analysis and Research of EOD,Nifty Intra Day Chart,Technical Positions and next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-
Pull Back Rally will continue in next week
US Futures and all the Asian markets are more than 1% to 1.9% up today morning therefore gap up opening will be seen today morning. As up moves and Pull Back rally continuation was expected therefore it was clearly projected on 25-11-2011 and 26-11-2011 in following manner:-
Following line was told in Pre-Closing Outlook before the closing of last Friday market:-
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
Following line was also told in Pull Back Rally will continue in next week
Trend reversal broadening pattern formation at the bottom and lower levels supports also in previous week therefore expected that Indian markets will consolidate and finally cross higher levels resistances in the coming week.
As some selling was seen between 4745-4767 last Friday therefore Nifty will firstly consolidate near about above range and expected that finally up moves will be seen today and previous week started Pull Back Rally will remain continued with today positive market.
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