Rally Continuation in next week after Consolidations

Technical Analysis,Research & Weekly Outlook 

(Jan 16 to Jan 20, 2012)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4835-4860
2- Mixed Patterns between 4875-4897
3- Whole day trading between 4835-4898

Conclusions from intra day chart analysis 

Good support at lower levels but mixed intraday patterns at higher levels therefore more consolidation is required for crossing and sustaining above 4900.

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

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Pennant Formation
2- Pennant upward break out on 10-01 2011
3- Falling Trendline
4- Falling Trendline break out on 10-01 2011
5- Positive MACD
6- Doji Candle in 3 previous sessions.
7- MACD up ward intersected average line

Conclusions (After Putting All Studies Together)

Long term and Intermediate term trends are down and short term trend is up at the bottom of 14 months long Corrective Wave 'C'. 4 Sub waves of corrective Wave 'C' has been completed and 5th Sub wave was extended in 5 Waves as well as its completion signal after beginning of rally on 20-12-2011 from 4531.15.

Rally is on after lower levels consolidations and showed strengh after Pennant and Falling Trendline break out on 10-01 2011 but correction also seen after selling on 11-01 2011.  Technicals of 3 previous sessions are as follows:-

1- 3 Doji Candle formation 
2- Both higher levels selling and lower levels buying in 3 previous sessions.
3- 3 days sideways trading between 4804-4898.

As both higher levels selling and lower levels buying in 3 previous session therefore markets are not prepared for anyside decisive moves and will firstly trade and prepare for next moves between last 3 days trading range(4804-4898) in the beginning of next week

As multiple resistances at higher levels therefore consolidation is required before any up move and it is going on for the last 3 sessions. Expected that on going Rally will remain continued after follow up consolidation in next week.

Rally Continuation after Trend Reversal Patterns

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

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 5 Waves OF Wave A correction completed in 2008
2- 'ABC' up moves of Wave B
3- 5th Wave of Wave c is extended
4- 5th Wave of Wave c completion signals at 4531.15 on 20-12-2011

Conclusions from EOD 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 Nifty closed below it 5 days therefore wave 1 validity is doubtful therefore recalculation of waves on long charts is required. It has been concluded that correction of 11 years rally begun in Jan 2008 and Corrective Wave 'C' is on at present.

Short term up moves commenced within it from 21-12-2011 but Wave 'C' termination confirmation is required yet. Indian markets remained sideways for 10 years(1992-2001) and after that more than 6 years rally was seen therefore market will take its own time in consolidation and after that fresh strong rally will be seen to form new highs.

Latest bottom is at 4531.15 and if Nifty sustains above it then Fresh rally wil be considered after crossing of crucial resistances and up trend deciding levels.


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

Just click on chart for its enlarged view

As following developments therefore hopes of fresh rally are alive from 4531.15:-

1- 13 is a Fibonacci number and on going up move started in Dec 2011 which is 13th month of Wave 'C' correction.
2- Trend Reversal Broadening Pattern at the bottom of 13 months correction is still intact
3- 109 Sessions sideways market between 4720-5229 and its break out will mean beginning of strong moves..

15 Years Waves Structure in Long Charts

Nifty-Monthly Chart(13-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in Monthly charts

1- Upward Trend in long chart is intact
2- Wave C is on termination confirmation is required yet

Waves Structure of 15 years as follows:-

775.45 on 31-12-1996            
Wave 1- 1818.15 on 29-02-2000  
Wave 2-  849.95 on 28-09-2001  
Wave 3- 3774.15 on 31-05-2006  
Wave 4- 2595.65 on 30-06-2006
Wave 5- 6357.10 on 31-01-2008        
Wave A- 2252.75 on 31-10-2008      
Wave B- 6338.50 on 30-11-2010  
Wave C- 4531.15 on 30-12-2011(termination confirmation is required yet)  

Conclusions from Monthly chart analysis 

Indian markets are Bullish in Long Charts and correcting since Jan 2008 after 11 years rally. Corrective Wave 'C' is on and short term up moves begun within it from Dec 2011 but Wave 'C' termination confirmation is required yet.

As market is well above rising trendline therefore up trend in Indian markets is vert much intact and expected that strong rally will be seen after the completion of Wave 'C'.

Fibonacci Retracement Levels of Wave 'B' are as follows(6338-2252):-

13.0%- 5806
23.6%- 5373
27.0%- 5234
38.2%- 4777
50.0%- 4295
61.8%- 3812
70.7%- 3449
76.4%- 3216
78.6%- 3126
88.6%- 2717

FII Trading Data in Derivatives Segment on 13-Jan-2012

FII & DII trading activity in Capital Market Segment on 13-Jan-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 13-Jan-2012 2508.07 2214.56 293.51

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 13-Jan-2012 1198.43 1375.69 -177.26

Indian Stock Markets Closing Reports(01-Jan-2012)

Main features of today trading are as follows

1- Most Indices closed in Green.
2- Volatile market.
3- Intraday consolidation at lower levels.
4- Doji Candle formation

Ratios

Nifty Put Call Ratio: 1.06
Nifty P/E Ratio(01-Jan-2012): 17.50

Advances & Declines

BSE Advances : 1892
BSE Declines : 922
NSE Advances : 1027
NSE Declines : 449

Nifty Open Interest Changed Today

Nifty- 4700 CE(Jan)- -20650(-0.88%)
Nifty- 4700 PE(Jan)- +793500(+11.76%)

Nifty- 4800 CE(Jan)- +1400(+0.04%)
Nifty- 4800 PE(Jan)- +1287650(+27.66%)

Nifty- 4900 CE(Jan)- -37400(-0.65%)
Nifty- 4900 PE(Jan)- +572600(+25.82%)

Closing

Nifty- closed at 4,866.00(+34.75 Points & +0.72%)
Sensex- closed at 16,154.62(+117.11 Points & +0.73% )
CNX Midcap - closed at 6,653.55(+62.45 Points & +0.95%)
BSE Smallcap- closed at 6,171.75(+87.48 Points & +1.44%)

Nifty Spot-Levels & Trading Strategy for 16-01-2012

Nifty Spot-Levels

R3 4962
R2 4930
R1 4898
Avg 4866
S1 4834
S2 4802
S3 4770

Nifty Spot-Trading Strategy

H6 4930     Trgt 2
H5 4915     Trgt 1
H4 4901     Long breakout
H3 4883     Go Short
H2 4877
H1 4871
L1 4860
L2 4854
L3 4848     Long
L4 4830     Short Breakout
L5 4816     Trgt 1
L6 4801     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 16-01-2012

Nifty(Jan Fut)-Levels

R3 4988
R2 4952
R1 4915
Avg 4879
S1 4842
S2 4806
S3 4769

Nifty(Jan Fut)-Trading Strategy

H6 4951     Trgt 2
H5 4934     Trgt 1
H4 4918     Long breakout
H3 4898     Go Short
H2 4891
H1 4884
L1 4871
L2 4864
L3 4857     Long
L4 4837     Short Breakout
L5 4821     Trgt 1
L6 4804     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 16-01-2012

Bank Nifty(Jan Fut)-Levels

R3 9237
R2 9155
R1 9056
Avg 8974
S1 8875
S2 8793
S3 8694

Bank Nifty(Jan Fut)-Trading Strategy

H6 9140     Trgt 2
H5 9098     Trgt 1
H4 9057     Long breakout
H3 9007     Go Short
H2 8991
H1 8974
L1 8941
L2 8924
L3 8908     Long
L4 8858     Short Breakout
L5 8817     Trgt 1
L6 8775     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jan 16 to Jan 20,2012)

Nifty Spot-Weekly Levels

R3 5147
R2 5022
R1 4944
Avg 4819
S1 4741
S2 4616
S3 4538

Nifty Spot-Weekly Trading Strategy 

H6 5076     Trgt 2
H5 5027     Trgt 1
H4 4977     Long breakout
H3 4921     Go Short
H2 4903
H1 4884
L1 4847
L2 4828
L3 4810     Long
L4 4754     Short Breakout
L5 4704     Trgt 1
L6 4655     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Jan 16 to Jan 20,2012)

Bank Nifty Spot-Weekly Levels

R3 9998
R2 9535
R1 9255
Avg 8792
S1 8512
S2 8049
S3 7769

Bank Nifty Spot-Weekly Trading Strategy 

H6 9775     Trgt 2
H5 9579     Trgt 1
H4 9383     Long breakout
H3 9179     Go Short
H2 9111
H1 9043
L1 8906
L2 8838
L3 8770     Long
L4 8566     Short Breakout
L5 8370     Trgt 1
L6 8174     Trgt 2

Pre-Closing Outlook(13-01-2012)

Up moves above 4876 was expected and it was seen also but Nifty moves down and trading below 4876 also. Some news about Ambani brothers in Business News Channels therefore today intraday moves moves and volatility may be result of this news also.

As today intraday support between 4835-4853 today and yesterday support between Buying between 4805-4830 therefore until Nifty will not sustain below 4805 till then any decisive down move will not be considered.

Although Nifty is trading near the the lows of today but expected that consolidation will remain continued and finally Nifty will sustain above 4876 and rally will remain continued in next week.

Live Proof of our Accurate predictions

We told following line at 01:04:00 AM today:-

"Nifty will finally sustain above 4876 in the coming sessions"

Nifty is trading at 4897 at this moment

Mid-session Outlook-2 (13-01-2012)

We told following line at 12:00:00 PM today:-

"Possibility of trading above 4876 turned high now"

When Nifty was at 4854 then above projection was posted and at present Nifty is trading above 4876 with intraday high at 4886.20

Today up moves after intraday consolidations therefore will remain continued.

Mid-session Outlook(13-01-2012)

As support again developed at lower levels today after yesterday lower levels supports and it is intra day consolidation confirmation also therefore upward break out possibility of last 3 sessions range(4876) has increased.  Possibility of trading above 4876 turned high now.

Post-open Outlook(13-01-2012)

Following lines were told for today market at 1:04:00 AM today:-

As selling and buying both are seen in two previous sessions between 4804-4876 therefore Nifty will firstly trade and prepare for next decisive moves as well as sustaining beyond this range will be next moves confirmations.

As was told same is being seen between 4834.20-4868.35 today.

Intraday selling seen at higher levels today but supports also seen between mentioned range yesterday. Let market prepare within mentioned range then next moves final conclusions will be drawn from intraday charts formations and will be updated accordingly.

Next decisive move confirmation will be sustaining beyond 4804-4876 and should be watched.

Rally in Next Week after Some More Consolidations

Technical Analysis and Research For 13-01-2012

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

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Pennant Formation
2- Pennant upward break out on 10-01 2011
3- Falling Trendline
4- Falling Trendline break out on 10-01 2011
5- Positive MACD
6- Doji Candle in 2 previous sessions.
7- MACD up ward intersected average line

Conclusions from EOD chart analysis 

Rally is on after lower levels consolidations and showed strengh after Pennant and Falling Trendline break out on 10-01 2011 but today down moves after intraday selling on 11-01 2011. As soon as selling developed then we immediately updated down movws projections during and after trading hours on 11-01 2011 in following manner:-

1- We clearly told during and after trading hours  on 11-01 2011 that down moves will be considered after INFY quarterly results on 12-01 2011.

2- We also clearly told that until Nifty will not sustain above 4876 till then upmoves will not be considered and highest on 12-01 2011 was at 4869.20

135 Points upmoves in two sessions and its correction yesterday. Technicals of 2 previous sessions are as follows:-

1- Two Doji Candle formation
2- Both higher levels selling and lower levels buying.

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 4843-4868
2- Buying between 4805-4830
3- Intraday pattern is showing consolidation formation.
4- Whole day trading between 4804-4869

Nifty-Intra Day Chart(Jan 11 & Jan 12,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 sessions intraday charts

1- Selling between 4857-4876
2- Buying between 4805-4830
3- Two days trading between 4804-4876

Conclusions (After Putting All Studies Together)

Although slow but rally is on and short term trend is up as well as its very short term correction has begun after good selling at higher levels on 11-01-2012 and confirmation of support also between 4812-4728 on 12-01-2012

On going rally has not shown so much strength that we should immediately consider strong rally and on the other hand only one day selling is not suffiient to say for termination of rally.

As selling and buying both are seen in two previous sessions between 4804-4876 therefore Nifty will firstly trade and prepare for next decisive moves as well as sustaining beyond this range will be next moves confirmations.

Although good selling on 10-01-2012 but expected that follow up consolidation will develop in the coming sessions and Nifty will finally sustain above 4876 in the coming sessions and rally begun on 21-12-20110 will remain continued in next week.

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

Main features of today trading are as follows

1- All the Indices closed with minor gains or loss except IT Index which closed with big loss.
2- Doji Candle formation.
3- INFY results.IIP numbers and Inflation data news led volatile market.

Ratios

Nifty Put Call Ratio: 0.97
Nifty P/E Ratio(12-Jan-2012): 17.50

Advances & Declines

BSE Advances : 1433
BSE Declines : 1317
NSE Advances : 719
NSE Declines : 724

Nifty Open Interest Changed Today

Nifty- 4700 CE(Jan)- -68800(-2.79%)
Nifty- 4700 PE(Jan)- +439800(+6.54%)

Nifty- 4800 CE(Jan)- +377850(+10.45%)
Nifty- 4800 PE(Jan)- -160100(-3.25%)

Nifty- 4900 CE(Jan)- +380150(+6.64%)
Nifty- 4900 PE(Jan)- -53800(-2.37%)

Closing 

Nifty- closed at 4,831.25(-29.70 Points & -0.61%)
Sensex- closed at 16,037.51-138.35 Points & -0.86%)
CNX Midcap - closed at 6,591.10(+43.95 Points & +0.67%)
BSE Smallcap- closed at 6,075.43(+78.95 Points & +1.32%)

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

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

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 12-Jan-2012 2538.65 2031.85 506.8

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 12-Jan-2012 944.07 1940.98 -996.91

Down Moves predictions After INFY Results only in this Blog

When whole India was confused and speculating on Indian market moves after Infosys results then only we told again and again for down moves in Indian market after INFY results.

We told for today down moves between and after trading hours yesterday. When no one can even imagine for today down moves then we told      again and again.

For Live Proofs of above facts just click following link and verify all the proofs on yours own:-

http://enjoydailyprofits.blogspot.com/2012/01/live-proofs-of-down-moves-predictions.html

Nifty Spot-Levels & Trading Strategy for 13-01-2012

Nifty Spot-Levels

R3 4931
R2 4900
R1 4865
Avg 4834
S1 4799
S2 4768
S3 4733

Nifty Spot-Trading Strategy

H6 4897     Trgt 2
H5 4882     Trgt 1
H4 4867     Long breakout
H3 4849     Go Short
H2 4843
H1 4837
L1 4824
L2 4818
L3 4812     Long
L4 4794     Short Breakout
L5 4779     Trgt 1
L6 4764     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 13-01-2012

Nifty(Jan Fut)-Levels

R3 4957
R2 4922
R1 4887
Avg 4852
S1 4817
S2 4782
S3 4747

Nifty(Jan Fut)-Trading Strategy

H6 4922     Trgt 2
H5 4906     Trgt 1
H4 4890     Long breakout
H3 4871     Go Short
H2 4864
H1 4858
L1 4845
L2 4839
L3 4832     Long
L4 4813     Short Breakout
L5 4797     Trgt 1
L6 4781     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 13-01-2012

Bank Nifty(Jan Fut)-Levels

R3 9318
R2 9183
R1 9070
Avg 8935
S1 8822
S2 8687
S3 8574

Bank Nifty(Jan Fut)-Trading Strategy

H6 9209     Trgt 2
H5 9151     Trgt 1
H4 9093     Long breakout
H3 9025     Go Short
H2 9002
H1 8979
L1 8934
L2 8911
L3 8888     Long
L4 8820     Short Breakout
L5 8762     Trgt 1
L6 8704     Trgt 2

Intraday support today & Next trend confirmation range is 4804-4876

Pre-Closing Outlook (12-01-2012)

Confirmation of support between 4812-4728.  Next trend confirmation range is 4804-4876 and expected that Nifty will trade and prepare for next moves between this range as well as sustaining beyond this range will be next moves confirmation.

As good selling at higher levels   therefore  too much consolidation is required for sustaining above 4876 and  continuation of on going rally.

Rally is on but consolidation is required after good selling

Mid-session Outlook(12-01-2012)

News based highly volatile market today. Although Market moved up sharply after improved IIP numbers but could not cross our given level of 4876 and today highest is at 4869.20.

Market plummeted after increased Inflation data because good intraday selling yesterday and it was being told continuously since yesterday. Good supports are at much lower levels near 4750 therefore next moves preparation range at present is 4750-4876 and follow up buying/selling between this range will give next moves confirmations.

Rally is on after good support at lower levels but fresh consolidation is required after yesterday good selling.

No gossiping and no guessing.For Whatsoever trend market will prepare that will be updated in Mid-Sessions outlooks from intraday charts analysis and conclusions.  

Minor intraday support seen between 4812-4728 today but its validity and confirmations is required at this moment.

Live Proofs of Down Moves Predictions after INFY Results Today

Post-open Outlook(12-01-2012)

As soon as selling developed then it was told in following words at 1:07:00 PM yesterday:-

intraday selling signals at higher levels today.

Down moves after INFY results were told in following words at 3:07:00 PM yesterday:-

As today intraday patterns are showing selling at higher levels also therefore down moves will also be considered after INFY quarterly results tomorrow

Down moves after INFY results were told in following words at 11:34:00 PM yesterday:-

As good intraday selling one day before INFY results therefore down moves will also be considered after INFY quarterly results tomorrow.

Only We told again and again yesterday for down moves after INFY quarterly results today and it is being seen today. Next resistance is between 4857-4876 today therefore market require complete consolidation to sustain above 4876. Expected down moves have been seen and slipping 4615 will mean more down moves.

Rally is on but yesterday intraday selling yesterday is certainly a threat and until Nifty will not sustain above 4876 till then next upmove will not be considered. Follow up buying/selling during next couple of hours will give next moves confirmations.

INFY results but rally confirmation after sustaining above 4876

Nifty-Micro Analysis of  Intra Day Chart For 12-01-2012

Nifty-Intra Day Chart(11-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 4857-4876
2- Whole day trading between 4843-4876

Conclusions from intra day chart analysis 

Good higher levels selling at higher levels selling between 4857-4876 today therefore this range will be resistance and require complete consolidation to sustain above 4876. As good intraday selling one day before INFY results therefore down moves will also be considered after INFY quarterly results tomorrow.

Whatsoever INFY results tomorrow but until Nifty will not sustain above 4876 till then upmoves will not be considered and sustaining above it is must.

FII Trading Data in Derivatives Segment on 11-Jan-2012

FII & DII trading activity in Capital Market Segment on 11-Jan-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 11-Jan-2012 2631.16 2199.85 431.31

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 11-Jan-2012 967.78 1149.96 -182.18

Indian Stock Markets Closing Reports(11-Jan-2012)

Main features of today trading are as follows

1- Benchmark Indices closed flat.
2- Doji Candle.
3- Some Indices closed with good gains,some with losses and some flat today.

Ratios

Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(11-Jan-2012):17.61

Advances & Declines

BSE Advances : 1880
BSE Declines : 951
NSE Advances : 1009
NSE Declines : 452

Nifty Open Interest Changed Today

Nifty- 4700 CE(Jan)- -120500(-4.62%)
Nifty- 4700 PE(Jan)- +458150(+7.21%)

Nifty- 4800 CE(Jan)- -63150(-1.70%)
Nifty- 4800 PE(Jan)- +626300(+14.27%)

Nifty- 4900 CE(Jan)- +1051700(+21.19%)
Nifty- 4900 PE(Jan)- +435100(+23.53%)

Closing 

Nifty- closed at 4,860.95(+11.40 Points & +0.24%)
Sensex- closed at 16,175.86(+10.77 Points & +0.07% )
CNX Midcap - closed at 6,547.15(+79.60 Points & +1.23%)
BSE Smallcap- closed at 6,075.43(+78.95 Points & +1.32%)

Nifty Spot-Levels & Trading Strategy for 12-01-2012

Nifty Spot-Levels

R3 4913
R2 4895
R1 4877
Avg 4859
S1 4841
S2 4823
S3 4805

Nifty Spot-Trading Strategy

H6 4896     Trgt 2
H5 4887     Trgt 1
H4 4879     Long breakout
H3 4869     Go Short
H2 4866
H1 4863
L1 4856
L2 4853
L3 4850     Long
L4 4840     Short Breakout
L5 4832     Trgt 1
L6 4823     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 12-01-2012

Nifty(Jan Fut)-Levels

R3 4989
R2 4939
R1 4905
Avg 4855
S1 4821
S2 4771
S3 4737

Nifty(Jan Fut)-Trading Strategy

H6 4957     Trgt 2
H5 4937     Trgt 1
H4 4918     Long breakout
H3 4895     Go Short
H2 4887
H1 4879
L1 4864
L2 4856
L3 4848     Long
L4 4825     Short Breakout
L5 4806     Trgt 1
L6 4786     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 12-01-2012

Bank Nifty(Jan Fut)-Levels

R3 9067
R2 8974
R1 8914
Avg 8821
S1 8761
S2 8668
S3 8608

Bank Nifty(Jan Fut)-Trading Strategy

H6 9010     Trgt 2
H5 8974     Trgt 1
H4 8939     Long breakout
H3 8897     Go Short
H2 8883
H1 8869
L1 8840
L2 8826
L3 8812     Long
L4 8770     Short Breakout
L5 8735     Trgt 1
L6 8699     Trgt 2

Pre-Closing Outlook(11-01-2012)

As decisive big up moves were least expected today therefore we told following words in all outlooks which were updated for today market;-

next up moves are expected within couple of sessions.

As today intraday patterns are showing selling at higher levels also therefore down moves will also be considered after INFY quarterly results tomorrow. News based market will be seen tomorrow and 2 sessions are showing intraday mixed patterns therefore trading range of today and yesterday will be kept for next moves confirmations.

Firstly watch sustaining beyond 4814-4876 tomorrow for next moves confirmations.

Mid-session Outlook(11-01-2012)

Following lines were told at 05:51:00 AM today in Continuation of rally after minor correction

As mixed intra day patterns during 5 hours of trading on 10-01-2012 therefore consolidation is required and that may be seen between yesterday mixed patterns trading range also.

As was told same happened and Benchmark Indices firstly hovering around and consolidated near about yesterday closing and after that moved up. First 2 hours trading range is 4847-4864 and Nifty is trading above this range. Although some intraday volatility is expected but expected that rally will remain continued in Indian markets and next decisive up moves will be seen within couple of sessions.

Sustaining beyond 4847-4864 will be Next moves confirmation therefore should be firstly watched also in next couple of sessions because intraday selling signals at higher levels today.

Continuation of rally after minor correction

Nifty-Micro Analysis of Intra Day Chart For 11-01-2012

Nifty-Intra Day Chart(10-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day up moves.
2- Mixed Patterns between 4814-4854
3- Whole day trading between 4879-4854

Conclusions from intra day chart analysis 

Long term and intermediate term trends are down while short term trend gave upward confirmation yesterday. Intermediate term trend will be up after sustaining above 5100. Long term trend and revival of bull markets hopes will be after sustaining above 200 Day EMA(today at 5148). As 200 Day SMA(today at 5251) has posed resistance 3 times earlier therefore sustaining above will be confirmation of up trend strength.

Expected that rally will remain continued but consolidation is required before each up move because multiple resistances at higher levels.As mixed intraday patterns during 5 hours of trading on 10-01-2012 therefore consolidation is required and that may be seen between yesterday mixed pattrens trading range also.

Opening will depend on global cues but expected that rally will remain continued in Indian markets and next up moves are expected within couple of sessions.

Although strong upmoves were seen on 10-Jan-2011 but it was projected more than 10 times in previous outlooks. For supports,resistances and detailed analysis just click following weekly analysis link which was updated on 07-1-2012

Bulls Will Welcome In Next Week

FII Trading Data in Derivatives Segment on 10-Jan-2012

FII & DII trading activity in Capital Market Segment on 10-Jan-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 10-Jan-2012 2782.51 2458.19 324.32

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Jan-2012 1122.85 1237.96 -115.11

Indian Stock Markets Closing Reports(10-Jan-2012)

Main features of today trading are as follows

1- All the Indices closed in Green with good gains.
2- Long White Candle.
3- Market showed good strength and Nifty crossed 1st strong resistance.

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(10-Jan-2012): 17.56

Advances & Declines

BSE Advances : 2149
BSE Declines : 687
NSE Advances : 1229
NSE Declines : 237

Nifty Open Interest Changed Today

Nifty- 4700 CE(Jan)- -411750(-13.43%)
Nifty- 4700 PE(Jan)- +1292350(+24.35%)

Nifty- 4800 CE(Jan)- -524350(-11.97%)
Nifty- 4800 PE(Jan)- +2453900(+113.80%)

Nifty- 4900 CE(Jan)- +238850(+4.80%)
Nifty- 4900 PE(Jan)- +740950(+64.12%)

Closing 

Nifty- closed at 4,849.55(+106.75 Points & +2.25%)
Sensex- closed at 16,165.09(+350.37 Points & +2.22% )
CNX Midcap - closed at 6,467.55(+151.50 Points & +2.40%)
BSE Smallcap- closed at 5,996.48(+153.95 Points & +2.63%)

Nifty Spot-Levels & Trading Strategy for 11-01-2012

Nifty Spot-Levels

R3 4967
R2 4911
R1 4880
Avg 4824
S1 4793
S2 4737
S3 4706

Nifty Spot-Trading Strategy

H6 4937     Trgt 2
H5 4917     Trgt 1
H4 4896     Long breakout
H3 4872     Go Short
H2 4864
H1 4856
L1 4841
L2 4833
L3 4825     Long
L4 4801     Short Breakout
L5 4780     Trgt 1
L6 4760     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 11-01-2012

Nifty(Jan Fut)-Levels

R3 5001
R2 4938
R1 4904
Avg 4841
S1 4807
S2 4744
S3 4710

Nifty(Jan Fut)-Trading Strategy

H6 4968     Trgt 2
H5 4946     Trgt 1
H4 4923     Long breakout
H3 4896     Go Short
H2 4887
H1 4878
L1 4861
L2 4852
L3 4843     Long
L4 4816     Short Breakout
L5 4793     Trgt 1
L6 4771     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 11-01-2012

Bank Nifty(Jan Fut)-Levels

R3 9124
R2 8949
R1 8854
Avg 8679
S1 8584
S2 8409
S3 8314

Bank Nifty(Jan Fut)-Trading Strategy

H6 9037     Trgt 2
H5 8972     Trgt 1
H4 8907     Long breakout
H3 8833     Go Short
H2 8808
H1 8783
L1 8734
L2 8709
L3 8684     Long
L4 8610     Short Breakout
L5 8545     Trgt 1
L6 8480     Trgt 2

Pre-Closing Outlook(10-01-2012)

Following line was told in Mid-session Outlook today

finally up moves above 4838 are expected

Nifty is trading above 4840 for the last half hour. Rally is on after 5 days consolidation and its continuation is expected in the coming sessions also.

Mid-session Outlook(10-01-2012)

Nifty is trading between 1st resistance range(4780-4838) since opening and trading between 4815-4832 with mixed intraday patterns for the last 2 hours today.

As trading within crucial resistance range therefore more consolidation is required for next upmoves and 4815-4832 will be watched for next moves confirmations. Although finally up moves above 4838 are expected but mentioned range will also be watched for confirmations.

Post-open Outlook(10-01-2012)

Anyone can verify from our previous outlooks that we told only and only for up moves and topic of weekly was:-

Bulls Will Welcome In Next Week

5 Sessions range forceful break out today and continuation of rally is expected.

Accumulation of Exlosives between 4687-4794 to celetrate 2012

Technical Analysis,Researches & Market Outlook 
(10-01-2012)

Nifty-Intra Day Chart(09-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Up moves in Rising trendline with support after every fall.
2- Rising trendline broken down in last hours.
3- Bullish Hammer Candle formation.
4- Whole day trading between 4698-4758

Conclusions from intra day chart analysis 

Consolidation indications from intraday patterns and Bullish Hammer candle formation also today therefore continuation of previous month begun rally hopes are alive despite most of the time negative zone trading today.

Nifty-EOD Chart(09-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Sub Wave 1(upmove) begun at 4532 on 20-12-2011
2- Sub Wave 1(upmove) completed at 4800 on 27-12-2011 and Sub Wave 2(its correction) begun.
3- Sub Wave 2(corrective) completed at 4589 on 02-01-2012 and Sub Wave 3(upmove) begun.
4- 6 sessions trading betwwn 27 Sessions trading range 4687-4794

Conclusions from EOD chart analysis

Exlplosives are being accumulated between 4687-4794 and blasting moves will be seen after forceful break out or sustaining beyond this range. As both selling at higher levels and buying at lower levels therefore more preparaion is required for decisive break out and expected that Nifty will firstly trade within mentioned range.

As more consolidation signals and intraday patterns within mentioned range(4687-4794) therefore its upward break out is expected in the coming sessions and for precaution sustaining beyond this range will be watched for confirmations.

Crucial levels have already been updated in Pre-Closing Outlook(09-01-2012) therefore not being repeated.

FII Trading Data in Derivatives Segment on 09-Jan-2012

FII & DII trading activity in Capital Market Segment on 09-Jan-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 09-Jan-2012 1790.95 1827.41 -36.46

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 09-Jan-2012 583.75 554.49 29.26

Indian Stock Markets Closing Reports(09-Jan-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Red but Mid Cap and Small cap closed in Green with sullicient gains.
2- Although Benckmark Indices traded most time in Red but Small cap Index traded most time in Green and closed 1.40% positive.
3- Doji Candle Formation.

Ratios

Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(09-Jan-2012): 17.18

Advances & Declines

BSE Advances : 1640
BSE Declines : 1090
NSE Advances : 925
NSE Declines : 520

Nifty Open Interest Changed Today

Nifty- 4600 CE(Jan)- +8250(+0.56%)
Nifty- 4600 PE(Jan)- +373400(+6.80%)

Nifty- 4700 CE(Jan)- +228550(+7.80%)
Nifty- 4700 PE(Jan)- +445500(+8.70%)

Nifty- 4800 CE(Jan)- +503150(+12.71%)
Nifty- 4800 PE(Jan)- +138650(+6.48%)

Closing

Nifty- closed at 4,742.80(+/-4.10 Points & -0.09%)
Sensex- closed at 15,814.72(-34.08 Points & -0.22%)
CNX Midcap - closed at 6,316.05(+40.80 Points & +0.65%)
BSE Smallcap- closed at 5,842.53(+80.92 Points & +1.40%)

Nifty Spot-Levels & Trading Strategy for 10-01-2012

Nifty Spot-Levels

R3 4831
R2 4794
R1 4768
Avg 4731
S1 4705
S2 4668
S3 4642

Nifty Spot-Trading Strategy

H6 4805     Trgt 2
H5 4791     Trgt 1
H4 4776     Long breakout
H3 4759     Go Short
H2 4753
H1 4747
L1 4736
L2 4730
L3 4724     Long
L4 4707     Short Breakout
L5 4692     Trgt 1
L6 4678     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 10-01-2012

Nifty(Jan Fut)-Levels

R3 4857
R2 4817
R1 4784
Avg 4744
S1 4711
S2 4671
S3 4638

Nifty(Jan Fut)-Trading Strategy

H6 4824     Trgt 2
H5 4807     Trgt 1
H4 4791     Long breakout
H3 4771     Go Short
H2 4764
H1 4757
L1 4744
L2 4737
L3 4730     Long
L4 4710     Short Breakout
L5 4694     Trgt 1
L6 4677     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 10-01-2012

Bank Nifty(Jan Fut)-Levels

R3 8756
R2 8636
R1 8541
Avg 8421
S1 8326
S2 8206
S3 8111

Bank Nifty(Jan Fut)-Trading Strategy

H6 8664     Trgt 2
H5 8614     Trgt 1
H4 8564     Long breakout
H3 8505     Go Short
H2 8485
H1 8465
L1 8426
L2 8406
L3 8386     Long
L4 8327     Short Breakout
L5 8277     Trgt 1
L6 8227     Trgt 2

Pre-Closing Outlook(09-01-2012)

Indian markets are locked between supports and resistances therefore following supports and resistances were updated in previous outlooks:-

1- Support-1- 4688-4720 
2- Support-2- 4590-4625
3- Resistance-1- 4750-4780
4- Resistance-2- 4765-4778
5- Resistance-3- 4780-4838

Market will firstly prepare for next moves and take positions between 4688-4780 and slipping below 4688 will be a big blow. Crossing 4780 and sustaining above 4838 will be real sentiment boosting and confidence building for Indian markets.

Although Indian markets traded in Red whole day today but intraday patterns are showing consolidation signals therefore fresh upmoves hopes are alive despite Negative zone trading at this moment today.

Mid-session Outlook(09-01-2012)

Nifty got support between 4688-4720 and after that 75 points sharp spike in 15 minutes was seen through rumour of Reliance brothers joint projects on 06-01-2012 but market lost all the gains therefore selling same day on the back of rumour mongering can not be ruled out.

As Nifty is again trading between mentioned support range(4688-4720) since opening today therefore sustaining it beyond should be firstly watched for next moves confirmations as well as next support/resistance beyond this range are as follows which may be tested after the break out of this range;-

1- Next Support;- 4590-4625
2- Next Resistance;- 4750-4780

Nifty moved above 4720 and it is confirmation of good support between 4688-4720 ,sustaining above 4720 will be confirmation of strength and fresh upmoves also.

Post-open Outlook(09-01-2012)

Following 2 negative factors have triggered down moves today morning;-

1- Sharp 75 points surge in 15 minutes on 06-01-2012 was manipulated through rumour of Reliance brothers joint projects.
2- All the Asian markets in Red since opening therefore sentiment is weak today morning.

First support between 4688-4720 and Nifty consolidated between this range last Friday as well as trading between this range after weak opening today and this range will be firstly watched for next moves confirmations.