Bounce back Possible Next Monday

Nifty-Intra Day Chart(16-dec-2011):-

Technical Patterns and Formations in today intraday charts

1- Selling between 4772-4815
2- 190 Points fall and Panic Bottom formation in 1 Hour and 44 Minutes
3- Positive cross over in MACD
4- Oversold intraday Indicators.
5- Indicators recovery from oversold zone
6- Positive divergence in oversold zone

Conclusions from intra day chart analysis 

Panic bottom formations after 190 points fall in 104 minutes and such formations are seen at the time of trend reversal also but more confirmations are required in the coming couple of sessions. As intraday indicators are showing positive divergence in oversold zone therefore Bounce Back is expected on coming Monday. Although Dead Cat Bounce possibility also can not be ruled out but  retracement of 190 fall according to Fibonacci levels can not be ruled out. Crucial 3 Fibonacci retracement levels are as follows:-

38.2%- 4701
50.0%- 4724
61.8%- 4746

Trend Reversal Broadening Pattern is Intact

Nifty-EOD Chart(16-Dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 13 Months correction
2- Trend reversal Broadening Pattern formation in 89 Sessions at the bottom of 13 months correction.

Conclusions

Closing at the lowest of 89 Sessions Trend reversal Broadening Pattern but Up moves hopes are alive because pattern is still intact. If Nifty sustaining below 4629 or forcefully breaking down in the coming couple of sessions then Indian markets will crash like World Trade Centre on 11-09-2001.

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

Nifty-EOD Chart(16-Dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 25 Months lowest closing on 16-12-2011
2- Top of Wave 1-4693
3- 13 Months corrective Wave 4-closing at 4629 on 16-12-2011

Conclusions

25 Months lowest closing on 16-12-2011 and Nifty slipped and closed below the top of Wave 1.

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"

25 Months structure and Wave 4 failure on 16-12-2011. Almost confirmations but closing above 4640 therefore little more confirmations are required. As huge structure and long term waves formations are at stake therefore either forceful breaking down of 4640 or sustaining below 4640 should also be watched for confirmations in the coming couple of sessions.

FII Trading Data in Derivatives Segment on 16-Dec-2011

FII & DII trading activity in Capital Market Segment on 16-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 16-Dec-2011 2235.54 2455.79 -220.25

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Dec-2011 1159.08 823.78 335.3

Nifty Spot-Levels & Trading Strategy for 19-12-2011

Nifty Spot-Levels

R3 4960
R2 4889
R1 4770
Avg 4699
S1 4580
S2 4509
S3 4390

Nifty Spot-Trading Strategy

H6 4841     Trgt 2
H5 4798     Trgt 1
H4 4755     Long breakout
H3 4703     Go Short
H2 4685
H1 4668
L1 4633
L2 4616
L3 4598     Long
L4 4546     Short Breakout
L5 4503     Trgt 1
L6 4460     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 19-12-2011

Nifty(Dec Fut)-Levels

R3 4995
R2 4917
R1 4780
Avg 4702
S1 4565
S2 4487
S3 4350

Nifty(Dec Fut)-Trading Strategy

H6 4858     Trgt 2
H5 4810     Trgt 1
H4 4761     Long breakout
H3 4702     Go Short
H2 4682
H1 4662
L1 4623
L2 4603
L3 4583     Long
L4 4524     Short Breakout
L5 4475     Trgt 1
L6 4427     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 19-12-2011

Bank Nifty(Dec Fut)-Levels

R3 9009
R2 8817
R1 8478
Avg 8286
S1 7947
S2 7755
S3 7416

Bank Nifty(Dec Fut)-Trading Strategy

H6 8672     Trgt 2
H5 8552     Trgt 1
H4 8431     Long breakout
H3 8285     Go Short
H2 8236
H1 8187
L1 8090
L2 8041
L3 7992     Long
L4 7846     Short Breakout
L5 7726     Trgt 1
L6 7605     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Dec 19 to Dec 23,2011)

Nifty Spot-Weekly Levels

R3 5113
R2 5011
R1 4831
Avg 4729
S1 4549
S2 4447
S3 4267

Nifty Spot-Weekly Trading Strategy 

H6 4934     Trgt 2
H5 4870     Trgt 1
H4 4806     Long breakout
H3 4728     Go Short
H2 4702
H1 4676
L1 4625
L2 4599
L3 4573     Long
L4 4495     Short Breakout
L5 4431     Trgt 1
L6 4367     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Dec 19 to Dec 23,2011)

Bank Nifty Spot-Weekly Levels

R3 9478
R2 9199
R1 8685
Avg 8406
S1 7892
S2 7613
S3 7099

Bank Nifty Spot-Weekly Trading Strategy 

H6 8968     Trgt 2
H5 8787     Trgt 1
H4 8607     Long breakout
H3 8389     Go Short
H2 8316
H1 8243
L1 8098
L2 8025
L3 7952     Long
L4 7734     Short Breakout
L5 7554     Trgt 1
L6 7373     Trgt 2

NIFTY-Dec F&O-1st Buying of 16-12-2011-Trade

NIFTY(Dec Call Option-Buy-Positional)SL-4624-TGT-4714-S.P.FOR Call-4700(Dec Fut-Rates for all Options)-CMP-4642(No covering today)

Pre-open Outlook(16-12-2011)

Almost flat to positive and quiet Global markets but Indian markets may be volatile on the back of RBI Credit Policy. Nifty traded last more than one hour with intraday consolidation patterns between 4735-4762 yesterday and finally sustaining beyond this range will be next moves first confirmations.

Finally positive markets are expected today and sustaining beyond 4735-4762 will be next decisive moves confirmation range.

Up moves and Positive market on 16-12-2011

Nifty-Intra Day Chart(15-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4675-4700
2- Last more than one hour consolidation at higher level between 4735-4762
3- Whole day intraday consolidation formations.
4- Whole day trading between 4675-4767

Conclusions from intra day chart analysis

Up moves after lower levels consolidation and after that last more than one hour again consolidation today therefore more up moves are expected in the coming sessions.

Although multiple resistances at higher levels and decisive rally will get confirmation after sustaining above minimum next resistance(4800-4838) but minimum its testing and positive markets expected tomorrow because today whole day intraday patterns are showing consolidation formations.

Expected that Nifty will finally sustain above 4838 after today bottom formation and let it happen then next moves will be discussed.

FII Trading Data in Derivatives Segment on 15-Dec-2011

FII & DII trading activity in Capital Market Segment on 15-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 15-Dec-2011 2991.84 3315.12 -323.28

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 15-Dec-2011 986.71 938.62 48.09

Indian Stock Markets Closing Reports(15-Dec-2011)

Main features of today trading are as follows

1- Red closing.
2- White Candle
3- Up moves after support at lower levels.

Ratios

Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(15-Dec-2011): 17.19

Advances & Declines

BSE ADVANCES : 885
BSE DECLINES : 1846
NSE ADVANCES : 369
NSE DECLINES : 1075

Nifty Open Interest Changed Today

Nifty- 4600 CE(Dec)- +427100(+71.35%)
Nifty- 4600 PE(Dec)- +51700(+1.03%)

Nifty- 4700 CE(Dec)- +824900(+26.84%)
Nifty- 4700 PE(Dec)- +288850(+3.23%)

Nifty- 4800 CE(Dec)- -375050(-7.92%)
Nifty- 4800 PE(Dec)- -509350(-8.92%)

Closing 

Nifty- closed at 4,746.35(-16.90 Points & -0.35%)
Sensex- closed at 15,836.47(-44.67 Points & -0.28% )
CNX MIDCAP - closed at 6,398.75(-48.60 Points & -0.75%)
BSE SMALL CAP- closed at 5,781.04(-88.94 Points & -1.52%)

Nifty Spot-Levels & Trading Strategy for 16-12-2011

Nifty Spot-Levels

R3 4880
R2 4824
R1 4785
Avg 4729
S1 4690
S2 4634
S3 4595

Nifty Spot-Trading Strategy

H6 4842     Trgt 2
H5 4820     Trgt 1
H4 4798     Long breakout
H3 4772     Go Short
H2 4763
H1 4754
L1 4737
L2 4728
L3 4719     Long
L4 4693     Short Breakout
L5 4671     Trgt 1
L6 4649     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 16-12-2011

Nifty(Dec Fut)-Levels

R3 4916
R2 4850
R1 4803
Avg 4737
S1 4690
S2 4624
S3 4577

Nifty(Dec Fut)-Trading Strategy

H6 4872     Trgt 2
H5 4845     Trgt 1
H4 4819     Long breakout
H3 4788     Go Short
H2 4777
H1 4767
L1 4746
L2 4736
L3 4725     Long
L4 4694     Short Breakout
L5 4668     Trgt 1
L6 4641     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 16-12-2011

Bank Nifty(Dec Fut)-Levels

R3 8689
R2 8606
R1 8528
Avg 8445
S1 8367
S2 8284
S3 8206

Bank Nifty(Dec Fut)-Trading Strategy

H6 8612     Trgt 2
H5 8575     Trgt 1
H4 8538     Long breakout
H3 8494     Go Short
H2 8479
H1 8464
L1 8435
L2 8420
L3 8405     Long
L4 8361     Short Breakout
L5 8324     Trgt 1
L6 8287     Trgt 2

Pre-Closing Outlook(15-12-2011)

When Indian markets were near lower levels then following line was told in Mid-session Outlook today:-

As intraday patterns are showing consolidations therefore up moves are expected

More than 1% upmoves were seen after above message today. Nifty got support again within 4675-4690 and between crucial support range((4640-4690) but multiple resistances at higher levels and decisive rally will get confirmation after sustaining above minimum next resistance(4800-4838)

As sentimrnt is heated at this moment therefore minor intraday correction is expected but finally sustaining above 4690 will mean continuation of today begun pull back rally in the coming sessions.

Mid-session Outlook(15-12-2011)

Nifty traded between crucial support range((4640-4690) and intraday support also seen between this range within 4675-4690. Both selling and intraday support seen between  4675-4726 today. Market is dicounting and reacting on advance tax figures and decreased inflation also with mixed intraday patterns. As intraday patterns are showing consolidations therefore up moves are expected but more confirmations are required and today trading range(4675-4726) break out will be kept in mind for next moves confirmations.

Post-open Outlook(15-12-2011)

Intraday selling patterns between 4710-4726 today.

Long Term Trend Decider 4640-4690

Nifty-Intra Day Chart(14-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 4800-4838
2- Whole day trading between 4752-4838
3- Mixed Patterns between 4752-4770
4- Falling Channel in last 3 hours with consolidation indications.

Conclusions from intra day chart analysis 

Next supports are as follows:-

1- 4735(Next Support)
2- Last support of 87 sessions Broadening Pattern is between 4640-4690

As strong support at 4735 and following two trading positions today therefore follow up selling and sustaining below 4735 is must for more down confirmations:-

1- Mixed Patterns between 4752-4770 during last hour today.
2- Falling Channel in last 3 hours with consolidation indications today.

Following two points are suggesting more weakness tomorrow:-

1- Good selling at higher levels and closing near the lower levels of the day today.
2- European markets closed from 1.6% to 3% down and US markets are more than 1% down at this moment.

All trends are down and more down moves can not be ruled out tomorrow on the back of weaker Global cues. 

As above mentioned 2 trading positions during last 3 hours today therefore sustaining beyond above mentioned last support levels(4640-4690) will decide next trend and should be firstly watched for next big moves and long term trend confirmations. 

FII Trading Data in Derivatives Segment on 14-Dec-2011

FII & DII trading activity in Capital Market Segment on 14-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 14-Dec-2011 2246.43 2386.56 -140.13

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-Dec-2011 1022.94 573.35 449.59

Indian Stock Markets Closing Reports(14-Dec-2011)

Main features of today trading are as follows

1- All the Indices closed in Red except FMCG
2- Black Candle.
3- Closing near the lowest of the day.

Ratios

Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(14-Dec-2011): 17.25

Advances & Declines

BSE ADVANCES : 1066
BSE DECLINES : 1669
NSE ADVANCES : 447
NSE DECLINES : 998

Nifty Open Interest Changed Today

Nifty- 4700 CE(Dec)- -6150(-0.20%)
Nifty- 4700 PE(Dec)- +435550(+5.04%)

Nifty- 4800 CE(Dec)- +899000(+22.73%)
Nifty- 4800 PE(Dec)- +432950(+7.75%)

Nifty- 4900 CE(Dec)- +638000(+13.22%)
Nifty- 4900 PE(Dec)- -389650(-9.41%)

Closing 

Nifty- closed at 4,763.25(-37.35 Points & -0.78%)
Sensex- closed at 15,881.14(-121.37 Points & -0.76% )
CNX MIDCAP - closed at 6,447.35(-44.70 Points & -0.69%)
BSE SMALL CAP- closed at 5,869.98(-48.19 Points & -0.81%)

Nifty Spot-Levels & Trading Strategy for 15-12-2011

Nifty Spot-Levels

R3 4907
R2 4873
R1 4818
Avg 4784
S1 4729
S2 4695
S3 4640

Nifty Spot-Trading Strategy

H6 4852     Trgt 2
H5 4832     Trgt 1
H4 4811     Long breakout
H3 4787     Go Short
H2 4779
H1 4771
L1 4754
L2 4746
L3 4738     Long
L4 4714     Short Breakout
L5 4693     Trgt 1
L6 4673     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 15-12-2011

Nifty(Dec Fut)-Levels

R3 4921
R2 4884
R1 4824
Avg 4787
S1 4727
S2 4690
S3 4630

Nifty(Dec Fut)-Trading Strategy

H6 4861     Trgt 2
H5 4839     Trgt 1
H4 4817     Long breakout
H3 4790     Go Short
H2 4781
H1 4772
L1 4755
L2 4746
L3 4737     Long
L4 4710     Short Breakout
L5 4688     Trgt 1
L6 4666     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 15-12-2011

Bank Nifty(Dec Fut)-Levels

R3 8884
R2 8786
R1 8649
Avg 8551
S1 8414
S2 8316
S3 8179

Bank Nifty(Dec Fut)-Trading Strategy

H6 8748     Trgt 2
H5 8694     Trgt 1
H4 8641     Long breakout
H3 8576     Go Short
H2 8555
H1 8533
L1 8490
L2 8468
L3 8447     Long
L4 8382     Short Breakout
L5 8329     Trgt 1
L6 8275     Trgt 2

Pre-Closing Outlook(14-12-2011)

Technical positions of 2 sessions are as follows;-

1- Strong support between 4735-4765 yesterday
2- Good selling seen above 4800-4838 today.

Next moves preparation range is 4765-4800. As good selling today therefore down moves possibilities turned equally higher now and Next decisive moves confirmation will be sustaining beyond 4735-4838.

Mid-session Outlook-2(14-12-2011)

Good selling at higher levels today and after that sharp down but strong support between 4735-4765 yesterday therefore until Nifty will not slip below 4735 till then next down trend will not be considered.

News based high volatility and next decisive moves confirmation range is sustaining beyond 4735-4838.

Mid-session Outlook(14-12-2011)

Nifty moved above 4823 on the expectations of positive news of inflation. Although Inflation reduced from 9.73 to 9.11(MoM) but not according to market expectations therefore sharp down.As intraday charts between 4808-4838 are also showing selling  patterns therefore more down moves can not be ruled out.

Watch only sustaining beyond 4735-4823

Pre-open Outlook(14-12-2011)

Nifty-EOD Chart(13-Dec-2011):-

Technical Patterns and Formations in EOD charts

1- All trends are down.
2- Nifty is range bound between 4720-5229 for the last 74 sessions
3- Trend reversal Broadening Pattern formations during last 86 sessions at the bottom of 13 months long term correction.

Conclusions

Most uncertain European news led highly volatile markets for the last 86 sessions between 4640-5400 and sustaining beyond this range will be next long term trend. Until Nifty is trding within mentioned ranges till then views should remain for trading within these ranges.

Sentiment is weak today morning after Red closing in US markets therefore Nifty will trade and prepare for next moves within yesterday trading range(4735-4823) after negative opening. As buying and selling both were seen yesterday therefore follow up intraday positions and sustaining beyond yesterday trading range will be next moves confirmations.

No guessing and no speculation. Just watch sustaining beyond yesterday range(4735-4823) for next decisive moves confirmations. As and when next moves conclusions will be drawn from intraday charts formations then will be updated in Mid-session Outlooks.

Technical Analysis,Researches & Market Outlook(14-12-2011)

Nifty-Intra Day Chart(13-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4735-4765
2- Selling between 4780-4795
3- Whole day trading between 4735-4823

Conclusions from intra day chart analysis 

Although Indian markets closed near the top of the day but mixed intrady trading patterns with both buying at lower levels and selling at higher levels.

As intraday support seen above strong support range(4640-4690) today therefore survival hopes of Trend reversal Broadening Pattern is still alive but selling also seen at higher levels therefore complete confirmations are required despite closing at day's higher levels after last 45 minutes sharp surge.

Follow up moves(buying/selling) and finally sustaining beyond 4735-4815 tomorrow will give next moves confirmations and should be watched first.

FII Trading Data in Derivatives Segment on 13-Dec-2011

FII & DII trading activity in Capital Market Segment on 13-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 13-Dec-2011 1597.52 2158.32 -560.8

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 13-Dec-2011 1251.49 769.56 481.93

Indian Stock Markets Closing Reports(13-Dec-2011)

Main features of today trading are as follows

1- Green closing.
2- White Candle.
3- Volatile market today

Ratios

Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(13-Dec-2011): 17.38

Advances & Declines

BSE ADVANCES : 1105
BSE DECLINES : 1626
NSE ADVANCES : 519
NSE DECLINES : 905

Nifty Open Interest Changed Today

Nifty- 4600 CE(Dec)- +130650(+30.95%)
Nifty- 4600 PE(Dec)- +161250(+3.21%)

Nifty- 4700 CE(Dec)- +599250(+23.61%)
Nifty- 4700 PE(Dec)- +330500(+3.92%)

Nifty- 4800 CE(Dec)- +54300(+1.33%)
Nifty- 4800 PE(Dec)- +66050(+1.13%)

Nifty- 4900 CE(Dec)- +309900(+6.79%)
Nifty- 4900 PE(Dec)- -97150(-2.25%)


Closing 

Nifty- closed at 4,800.60 (+36.00 Points & +0.76%)
Sensex- closed at 16,002.51(+132.16 Points & +0.83% )
CNX MIDCAP - closed at 6,492.05(-22.95 Points & -0.35%)
BSE SMALL CAP- closed at 5,918.17(-42.31 Points & -0.71%)

Nifty Spot-Levels & Trading Strategy for 14-12-2011

Nifty Spot-Levels

R3 4936
R2 4880
R1 4840
Avg 4784
S1 4744
S2 4688
S3 4648

Nifty Spot-Trading Strategy

H6 4897     Trgt 2
H5 4875     Trgt 1
H4 4852     Long breakout
H3 4826     Go Short
H2 4817
H1 4808
L1 4791
L2 4782
L3 4773     Long
L4 4747     Short Breakout
L5 4724     Trgt 1
L6 4702     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 14-12-2011

Nifty(Dec Fut)-Levels

R3 4964
R2 4901
R1 4856
Avg 4793
S1 4748
S2 4685
S3 4640

Nifty(Dec Fut)-Trading Strategy

H6 4920     Trgt 2
H5 4895     Trgt 1
H4 4870     Long breakout
H3 4840     Go Short
H2 4830
H1 4820
L1 4801
L2 4791
L3 4781     Long
L4 4751     Short Breakout
L5 4726     Trgt 1
L6 4701     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 14-12-2011

Bank Nifty(Dec Fut)-Levels

R3 8947
R2 8795
R1 8674
Avg 8522
S1 8401
S2 8249
S3 8128

Bank Nifty(Dec Fut)-Trading Strategy

H6 8831     Trgt 2
H5 8767     Trgt 1
H4 8703     Long breakout
H3 8628     Go Short
H2 8603
H1 8578
L1 8527
L2 8502
L3 8477     Long
L4 8402     Short Breakout
L5 8338     Trgt 1
L6 8274     Trgt 2

Pre-Closing Outlook(13-12-2011)

Only volatile markets between 4735-4810 with with intraday support at lower levels between 4745-4765. Sustaining above 4815 will be first indication of correction completion and beginning of minor Pull Back rally. As today intraday charts are showing  consolidation formations therefore up moves possibilities turned higher today

Crucial technical positions have been updated in Mid-session Outlook-2 also.

Mid-session Outlook-2(13-12-2011)

Crucial technical positions for today trading is as follows:-

1- Today first trading range is 4745-4780
2- Intraday confirm support at lower levels between 4745-4765 today. 
3- Selling between 4780-4815 in last more than 3 hours yesterday 

More consolidation is required between 4780-4815 for a decisive short term up move. Nifty is trading just below 4800 but confirmation will be after sustaining above 4815. Next decisive moves confirmation range is 4745-4815 and should be firstly watched. 

Mid-session Outlook(13-12-2011)

Volatile market after opening and out performing global markets since opening today. Nifty traded most time between 4745-4780 today,as selling seen between 4780-4815 in last more than 3 hours therefore any upmove confirmation will be after sustaining above 4815. Sustaining below 4745 will mean sharp down moves.

Only volatility and no clear intraday trading patterns therefore sustaining beyond today first trading range(4745-4780) will be next moves confirmation.

Last Hope for Bulls after Most Depressing IIP Data is 4640-4690

Technical Analysis,Researches & Market Outlook(12-12-2011)

Nifty-Intra Day Chart(12-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Positive trading
2- Sharp fall after weak IIP data
3- Selling between 4780-4815 in last more than 3 hours.
4- Whole day trading between 4756-4896

Nifty-EOD Chart(12-Dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- All trends are down
2- Trend reversal Broadening Pattern formation in last 4 months at the bottom of 13 months correction.
3- Strong supports between 4640-4690 at the bottom of Broadening Pattern

Conclusions from intra day and EOD charts

All trends turned down and sharp declines seen after most depressing IIP data dclaration today as well as Nifty closed near the lower levels of next support range(4758-4800). As intraday selling was seen during last more than 3 hours between 4780-4815 today therefore more down moves will be seen and expected that last support range of Broadening Pattern(4640-4690) will be tested in the coming sessions.

As strong supports between 4640-4690 therefore sustaining beyond will be firstly watched tomorrow for next moves confirmations and now this support range is last hope for Bulls.

FII Trading Data in Derivatives Segment on 12-Dec-2011

FII & DII trading activity in Capital Market Segment on 12-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 12-Dec-2011 1522.08 1950.38 -428.3

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 12-Dec-2011 1116.61 950.32 166.29

Indian Stock Markets Closing Reports(12-Dec-2011)

Main features of today trading are as follows

1- Long Black Candle.
2- Weak IIP daya triggered sharp declines.
3- All the Indices closed in Red except IT.

Ratios

Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(12-Dec-2011): 17.25

Advances & Declines

BSE ADVANCES : 798
BSE DECLINES : 1956
NSE ADVANCES : 289
NSE DECLINES : 1153

Nifty Open Interest Changed Today

Nifty- 4700 CE(Dec)- +1540900(+159.59%)
Nifty- 4700 PE(Dec)- +377700(+4.59%)

Nifty- 4800 CE(Dec)- +1374000(+45.59%)
Nifty- 4800 PE(Dec)- +144250(+2.44%)

Nifty- 4900 CE(Dec)- +218550(+4.84%)
Nifty- 4900 PE(Dec)- -446350(-9.13%)

Closing 

Nifty- closed at 4,764.60(-102.10 Points & -2.10%)
Sensex- closed at 15,870.35(-343.11 Points & -2.12% )
CNX MIDCAP - closed at 6,515.00(-139.25 Points & -2.09%)
BSE SMALL CAP- closed at 5,960.48 (-93.03 Points & -1.54%)

Nifty Spot-Levels & Trading Strategy for 13-12-2011

Nifty Spot-Levels

R3 5019
R2 4964
R1 4864
Avg 4809
S1 4709
S2 4654
S3 4554

Nifty Spot-Trading Strategy

H6 4919     Trgt 2
H5 4884     Trgt 1
H4 4849     Long breakout
H3 4806     Go Short
H2 4792
H1 4778
L1 4749
L2 4735
L3 4721     Long
L4 4678     Short Breakout
L5 4643     Trgt 1
L6 4608     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 13-12-2011

Nifty(Dec Fut)-Levels

R3 5024
R2 4969
R1 4871
Avg 4816
S1 4718
S2 4663
S3 4565

Nifty(Dec Fut)-Trading Strategy

H6 4926     Trgt 2
H5 4891     Trgt 1
H4 4857     Long breakout
H3 4815     Go Short
H2 4801
H1 4787
L1 4758
L2 4744
L3 4730     Long
L4 4688     Short Breakout
L5 4654     Trgt 1
L6 4619     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 13-12-2011

Bank Nifty(Dec Fut)-Levels

R3 9286
R2 9115
R1 8841
Avg 8670
S1 8396
S2 8225
S3 7951

Bank Nifty(Dec Fut)-Trading Strategy

H6 9015     Trgt 2
H5 8913     Trgt 1
H4 8811     Long breakout
H3 8689     Go Short
H2 8648
H1 8607
L1 8526
L2 8485
L3 8444     Long
L4 8322     Short Breakout
L5 8220     Trgt 1
L6 8118     Trgt 2

Pre-Closing Outlook(12-12-2011)

Although intraday support last Friday but sharp down after negative IIP numbers and Nifty slipped below 4800. As intraday charts of today are showing selling therefore more down moves are expected in the coming sessions.

October IIP @ -5.1%(YoY)

Mid-session Outlook(12-12-2011)

Poor and disappoing IIP data triggered down moves and Nifty slipped below 4842. Most depressing point is Capital Goods numbers are at -25.5%. As so high negative growth therefore market reacts through sharp declines. Although market recovered and Nifty is trading above 4842 but market final reaction on today declared IIP Numbers will be understood through sustaining beyond 4842.

Pre-Open Market Outlook(12-12-2011)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-

1- Bullish Sub-Wave-3 is on cards after Correction completion
2-Two Bullish Candlestick patterns formation on 09-12-2011
3- Nifty-Micro Analysis of Intra Day Chart For 12-12-2011

Asian markets are moderately up after strong rally in US and European markets last Friday therefore sentiment is positive today morning and Indian markets will open in Green and firstly trade within last Friday trading range(4842-4918).

Intraday consolidation patterns with two Bullish Candles patterns formation was seen last Friday,as per Candlestick theory confirmation of the trend reversal would be a higher open on the next trading day and that will be seen today. Expected that finally sustaining above 4918 will be seen after follow up buying in the coming sessions. Lower levels intraday support and fresh rally beginning indications after correction completion last Friday but crossing of next first resistance range( 4928-4980) is must for confirmations because long and Intermediate term trends are down at present.

Expected that follow up consolidation will be seen today and Indian markets will finally move and sustain above 4918 and close positive today.