4 Topics for Next week Trading have already been updated and more topics will also be posted before the opening of next Monday markets.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Cross-Over of Crucial Resistances
Nifty-EOD Chart(03-Feb-2012):-
1- 6339 on 05-11-2010
2- 4532 on 20-12-2011
3-Nifty closing above trend Reversal 123 Sessions sideways market between 4720-5229.
4- Closing at 5325.85 on 03-02-2012
1- Sustaining above 200 Day(SMA)-5190
2- Sustaining above 200 Day(EMA)-5135
3- Sustaining above 123 sessions sideways trading range(5229)
All trends are up after Dec 2011 sharp rally and cross-Over of above mentioned crucial resistances also in previous week.
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in EOD charts
1- 6339 on 05-11-2010
2- 4532 on 20-12-2011
3-Nifty closing above trend Reversal 123 Sessions sideways market between 4720-5229.
4- Closing at 5325.85 on 03-02-2012
Three Bullish cross overs on 01-02-2012
1- Sustaining above 200 Day(SMA)-5190
2- Sustaining above 200 Day(EMA)-5135
3- Sustaining above 123 sessions sideways trading range(5229)
Conclusions from EOD chart analysis
All trends are up after Dec 2011 sharp rally and cross-Over of above mentioned crucial resistances also in previous week.
Nifty-Micro Analysis of Intra Day Chart of 03-02-2012
Nifty-Intra Day Chart(03Feb-2012):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Support between 5256-5271.
2- Sharp surge
3- Up moves in Rising channel with Bearish rising wedge formation.
4- Rising Channel Broken down in last minutes.
5- Whole day trading between 5256-5333
Conclusions from intra day chart analysis
Strong rally after lower levels support but last one hour moves in Rising channel with Bearish rising wedge formation therefore minor intraday correction signals also from Intraday charts formations.
Strong Bullish rally is on and most of the times markets completes very short term and minor corrections within sideways markets or at higher levels also in most Bullish intraday sentiments. Although minor distribution formations but until follow up selling will not develop in the coming sessions till then any decisive down move will not be considered.
Bullish 'W' formations
Nifty-EOD Chart(03-Feb-2012):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in EOD charts
1- Correction begun from 6338 on 05-11-2010
2- Lowest of 13 months correction at 5431.15 on 20-12-2011
3- Gap down opening on 05-08-5011 with intraday high at 5229
4- 123 sessions sideways market after gap down opening on 05-08-5011
5- Bullish 'W' formation at the bottom of 13 months correction.
Conclusions from EOD chart analysis
Strong indication of 13 months down trend reversal through Bullish 'W' formation at the bottom of 13 months correction.
803 Nifty Points Strong Rally from 13th(Fibonacci number) Month
Nifty-Monthly Chart(03-Feb-2012):-
1- Correction begun from 6338 on 05-11-2010
2- 13 Months correction
3- Lowest of 13 months correction at 5431.15 on 20-12-2011
4- 803 Nifty Points Strong Rally begun from 13th Month
Financial markets have a high probability tendency of reversing on a Fibonacci number. As Stong and sharp rally seen from 20-12-2011 in the 13th month and 13 is a Fibonacci number also therefore following possibilities are high:-
1- Lowest of 13 months correction at 5431.15.
2- Correction completion in the 13th month.
3- Trend reversal of 13 months down trend.
Importance of 13 months Fibonacci number is not being told today after watching strong rally but we told about it many times in previous Outlooks as well its importance was updated in following seperate topic on 03-12-2011 also.
Just Click following topic link and understand Indian markets rally in 2012:-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in EOD charts
1- Correction begun from 6338 on 05-11-2010
2- 13 Months correction
3- Lowest of 13 months correction at 5431.15 on 20-12-2011
4- 803 Nifty Points Strong Rally begun from 13th Month
Conclusions from monthly chart analysis
Financial markets have a high probability tendency of reversing on a Fibonacci number. As Stong and sharp rally seen from 20-12-2011 in the 13th month and 13 is a Fibonacci number also therefore following possibilities are high:-
1- Lowest of 13 months correction at 5431.15.
2- Correction completion in the 13th month.
3- Trend reversal of 13 months down trend.
Importance of 13 months Fibonacci number is not being told today after watching strong rally but we told about it many times in previous Outlooks as well its importance was updated in following seperate topic on 03-12-2011 also.
Just Click following topic link and understand Indian markets rally in 2012:-
FII & DII trading activity in Capital Market Segment on 03-Feb-2012
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Indian Stock Markets Closing Reports(03-Feb-2012)
1- All the Indices closed in Green except Metals.
2- Strong rally above 5300.
3- White Candle formations.
Ratios
Nifty Put Call Ratio: 1.10
Nifty P/E Ratio(03-Feb-2012): 18.97
Advances & Declines
BSE Advances : 1713
BSE Declines : 1184
NSE Advances : 879
NSE Declines : 560
Nifty Open Interest Changed Today
Nifty- 5200 CE(Feb)- -435600(-11.44%)
Nifty- 5200 PE(Feb)- +1388950(+29.24%)
Nifty- 5300 CE(Feb)- -631500(-10.93%)
Nifty- 5300 PE(Feb)- +924250(+40.01%)
Nifty- 5400 CE(Feb)- -113050(-2.13%)
Nifty- 5400 PE(Feb)- +341300(+39.50%)
Closing
Nifty- closed at 5,325.85(+55.95 Points & +1.06%)
Sensex- closed at 17,604.96(+173.11 Points & +0.99% )
CNX Midcap - closed at 7,324.15(+98.25 Points & +1.36%)
BSE Smallcap- closed at 6,686.55(+77.58 Points & +1.17%)
Nifty Spot-Levels & Trading Strategy for 06-02-2012
R3 5433
R2 5383
R1 5354
Avg 5304
S1 5275
S2 5225
S3 5196
Nifty Spot-Trading Strategy
H6 5405 Trgt 2
H5 5386 Trgt 1
H4 5368 Long breakout
H3 5346 Go Short
H2 5339
H1 5332
L1 5317
L2 5310
L3 5303 Long
L4 5281 Short Breakout
L5 5263 Trgt 1
L6 5244 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 06-02-2012
R3 5473
R2 5415
R1 5380
Avg 5322
S1 5287
S2 5229
S3 5194
Nifty(Feb Fut)-Trading Strategy
H6 5439 Trgt 2
H5 5417 Trgt 1
H4 5396 Long breakout
H3 5370 Go Short
H2 5362
H1 5353
L1 5336
L2 5327
L3 5319 Long
L4 5293 Short Breakout
L5 5272 Trgt 1
L6 5250 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 06-02-2012
R3 10544
R2 10364
R1 10259
Avg 10079
S1 9974
S2 9794
S3 9689
Bank Nifty(Feb Fut)-Trading Strategy
H6 10446 Trgt 2
H5 10378 Trgt 1
H4 10310 Long breakout
H3 10232 Go Short
H2 10206
H1 10180
L1 10127
L2 10101
L3 10075 Long
L4 9997 Short Breakout
L5 9929 Trgt 1
L6 9861 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Feb 06 to Feb 10,2012)
R3 5597
R2 5443
R1 5384
Avg 5230
S1 5171
S2 5017
S3 4958
Nifty Spot-Weekly Trading Strategy
H6 5548 Trgt 2
H5 5495 Trgt 1
H4 5442 Long breakout
H3 5383 Go Short
H2 5364
H1 5344
L1 5305
L2 5285
L3 5266 Long
L4 5207 Short Breakout
L5 5154 Trgt 1
L6 5101 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Feb 06 to Feb 10,2012)
R3 11006
R2 10582
R1 10357
Avg 9933
S1 9708
S2 9284
S3 9059
Bank Nifty Spot-Weekly Trading Strategy
H6 10824 Trgt 2
H5 10657 Trgt 1
H4 10489 Long breakout
H3 10311 Go Short
H2 10251
H1 10192
L1 10073
L2 10014
L3 9954 Long
L4 9776 Short Breakout
L5 9608 Trgt 1
L6 9441 Trgt 2
Pre-Closing Outlook(03-02-2012)
All trends upward confirmations at the weekend and blasting Bullish rally is on. Although minor down moves and very short term corrections may be seen any day after intraday selling but until complete selling patterns will not emerge till then short term correction will not be seen.
Mid-session Outlook(03-02-2012)
Minor intraday down moves and trading between 5256-5279 seen today after Intraday selling between 5272-5289 yesterday. Minor intraday support also seen at lower levels today.
Range of 5256-5289 should be watched for next moves confitmations because mixed technical positions between this range today and yesterday.
Range of 5256-5289 should be watched for next moves confitmations because mixed technical positions between this range today and yesterday.
NIFTY-Feb F&O-1st Shorting of 02-02-2012-Covering
NIFTY Feb F & O(Shorted on 02-02-2012)-Cover immediately-CMP-5286
NIFTY-Feb F&O-1st Shorting of 02-02-2012-Message
NIFTY-Feb F&O-1st Shorting of 02-02-2012-Market will be volatile therefore hold and cover after my covering message
Nifty-Micro Analysis of Intra Day Chart For 03-02-2012
Nifty-Intra Day Chart(02-Feb-2012):-
1- Selling patterns between 5272-5289.
2- High volatility after S.C.judgement on 2G Scam.
3- Doji candle formation
4- Whole day trading between 5226-5289
Intraday supports at lower leves after high volatility due to negative news of S.C.judgement on 2G Scam but clear intraday selling patterns at higher levels also therefore minor intraday correction is due and that will be seen today.
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Selling patterns between 5272-5289.
2- High volatility after S.C.judgement on 2G Scam.
3- Doji candle formation
4- Whole day trading between 5226-5289
Conclusions from intra day chart analysis
Intraday supports at lower leves after high volatility due to negative news of S.C.judgement on 2G Scam but clear intraday selling patterns at higher levels also therefore minor intraday correction is due and that will be seen today.
FII & DII trading activity in Capital Market Segment on 02-Feb-2012
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Indian Stock Markets Closing Reports(021-Feb-2012)
1- All the Indices closed in Green.
2- Doji candle formation in both NIFTY and SENSEX.
3- S.C.judgement on 2G Scam based highly volatile market today.
Ratios
Nifty Put Call Ratio: 1.16
Nifty P/E Ratio(021-Feb-2012): 18.77
Advances & Declines
BSE Advances : 1575
BSE Declines : 1305
NSE Advances : 802
NSE Declines : 652
Nifty Open Interest Changed Today
Nifty- 5100 CE(Feb)- -284550(-12.01%)
Nifty- 5100 PE(Feb)- +1139800(+20.59%)
Nifty- 5200 CE(Feb)- -153800(-3.81%)
Nifty- 5200 PE(Feb)- +1362450(+37.71%)
Nifty- 5300 CE(Feb)- -24700(-0.42%)
Nifty- 5300 PE(Feb)- +782400(+48.77%)
Closing
Nifty- closed at 5,269.90(+34.20 Points & +0.65%)
Sensex- closed at 17,431.85(+131.27 Points & +0.76% )
CNX Midcap - closed at 7,225.90(+37.50 Points & +0.52%)
BSE Smallcap- closed at 6,608.97(+35.39 Points & +0.54%)
Nifty Spot-Levels & Trading Strategy for 03-02-2012
R3 5361
R2 5325
R1 5297
Avg 5261
S1 5233
S2 5197
S3 5169
Nifty Spot-Trading Strategy
H6 5333 Trgt 2
H5 5318 Trgt 1
H4 5304 Long breakout
H3 5286 Go Short
H2 5280
H1 5274
L1 5263
L2 5257
L3 5251 Long
L4 5233 Short Breakout
L5 5219 Trgt 1
L6 5204 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 03-02-2012
R3 5371
R2 5335
R1 5304
Avg 5268
S1 5237
S2 5201
S3 5170
Nifty(Feb Fut)-Trading Strategy
H6 5341 Trgt 2
H5 5326 Trgt 1
H4 5310 Long breakout
H3 5292 Go Short
H2 5286
H1 5280
L1 5267
L2 5261
L3 5255 Long
L4 5237 Short Breakout
L5 5221 Trgt 1
L6 5206 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 03-02-2012
R3 10468
R2 10279
R1 10123
Avg 9934
S1 9778
S2 9589
S3 9433
Bank Nifty(Feb Fut)-Trading Strategy
H6 10319 Trgt 2
H5 10238 Trgt 1
H4 10156 Long breakout
H3 10061 Go Short
H2 10030
H1 9998
L1 9935
L2 9903
L3 9872 Long
L4 9777 Short Breakout
L5 9695 Trgt 1
L6 9614 Trgt 2
NIFTY-F&O-1st Selling of 02-02-2012-Trade
NIFTY(Feb Fut-Sell-Intraday/Positional)SL-5296-TGT-5216-CMP-5272
NIFTY(Jan Put Option-Buy-Intraday/Positional)SL-5296-TGT-5216-S.P.FOR Put-5200,53000(Feb Fut-Rates for all Options)-CMP-5272
NIFTY(Jan Put Option-Buy-Intraday/Positional)SL-5296-TGT-5216-S.P.FOR Put-5200,53000(Feb Fut-Rates for all Options)-CMP-5272
Pre-Closing Outlook(02-02-2012)
Firstly positive global news based gap up opening and after that S.C.judgement on 2G Scam based highly volatile market today with following 2 main features:-
1- Although tested 5229 but most of the time sustained above it
2- Most of the time trading between 5250-5290 with intraday mixed patterns and clear intraday selling patterns between 5272-5290.
Although lower levels support amid high volatility but sustaining above 5290 is also must for next immediate up moves. More consolidation is required for sustaining above 5290 and range of 5250-5290 will be firstly watched for next moves confirmations.
1- Although tested 5229 but most of the time sustained above it
2- Most of the time trading between 5250-5290 with intraday mixed patterns and clear intraday selling patterns between 5272-5290.
Although lower levels support amid high volatility but sustaining above 5290 is also must for next immediate up moves. More consolidation is required for sustaining above 5290 and range of 5250-5290 will be firstly watched for next moves confirmations.
Live Proofs of Our Bullish 2012 Predictions
Strong Rally in Jan 2012 but when Rally begun on 20-12-2011 then only we told on following line on 22-12-2011 in 4693 is Long Term Trend Decider for 2012:-
"2012 will prove Bullish year after all corrections completion in 2011"
Above topic was updated in mudraa.com also and anyone may verify our above statement through clicking following link also:-
http://www.mudraa.com/trading/113122/0/4693-is-long-term-trend-decider-for-2012.html
Three Bullish cross overs on 1st Feb.2012
Technical Analysis,Researches & Market Outlook for
02-02-2012
Nifty-EOD Chart(01-Feb-2012):-
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| Just click on chart for its enlarged view |
Technical Patterns and Formations in EOD charts
1- 6339 on 05-11-2010
2- 4532 on 20-12-2011
3-Nifty closing above trend Reversal 121 Sessions sideways market between 4720-5229.
4- Closing at 5235.70 on 01-02-2012
Three Bullish cross overs on 01-02-2012
1- Closing above 200 Day(SMA)-5195
2- Closing above 200 Day(EMA)-5132
3- Closing above 121 sessions sideways trading range(5229)
Conclusions from EOD chart analysis
Closing above crucial resistance levels yesterday and Our postings in our Blog are live proofs of this fact that we told for such moves dozens of times since 20-12-2011.
Strong Rally in Jan 2012 but when Rally begun on 20-12-2011 then only we told on following line on 22-12-2011 in 4693 is Long Term Trend Decider for 2012:-
"2012 will prove Bullish year after all corrections completion in 2011"
Above topic was updated in mudraa.com also and anyone may verify our above statement through clicking following link also:-
http://www.mudraa.com/trading/113122/0/4693-is-long-term-trend-decider-for-2012.html
Last formality of confirmation through sustaining above 5229 is left and after this only Bullish Indian markets will be seen in 2012 after all trends turning upward confirmations.
US markets are mre than 1% up after European markets more than 1.80% positive closing therefore expected that sentiment will be Bullish today morning but Nifty should firstly trade and sustain above 5265 for long term trend upward confirmations. As setiment may be most heated today morning therefore profit booking posibility also can not be ruled out but finally sustaining above 5229 is must for blasting bullish market in this month.
Expected that finally Nifty will give confirmation of sustaining above 5229 but has to be seen that it will happen within couple of days or after after very short term correction.
FII & DII trading activity in Capital Market Segment on 01-Feb-2012
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Indian Stock Markets Closing Reports(01-Feb-2012)
1- White Candle.
2- Closing above all crucial levels.
3- Positive closing after negative opening.
Ratios
Nifty Put Call Ratio: 0.98
Nifty P/E Ratio(01-Feb-2012): 18.66
Advances & Declines
BSE Advances : 1865
BSE Declines : 989
NSE Advances : 1031
NSE Declines : 416
Nifty Open Interest Changed Today
Nifty- 5100 CE(Feb)- -15350(-0.64%)
Nifty- 5100 PE(Feb)- +856500(+17.69%)
Nifty- 5200 CE(Feb)- -411250(-8.94%)
Nifty- 5200 PE(Feb)- +680450(+22.33%)
Nifty- 5300 CE(Feb)- +938450(+17.01%)
Nifty- 5300 PE(Feb)- +779450(+84.82%)
Closing
Nifty- closed at 5,235.70(+36.45 Points & +0.70%)
Sensex- closed at 17,300.58(+107.03 Points & +0.62% )
CNX Midcap - closed at 7,188.40(+87.85 Points & +1.24%)
BSE Smallcap- closed at 6,573.58(+110.28 Points & +1.71%)
Nifty Spot-Levels & Trading Strategy for 02-02-2012
R3 5351
R2 5297
R1 5266
Avg 5212
S1 5181
S2 5127
S3 5096
Nifty Spot-Trading Strategy
H6 5321 Trgt 2
H5 5301 Trgt 1
H4 5281 Long breakout
H3 5258 Go Short
H2 5250
H1 5242
L1 5227
L2 5219
L3 5211 Long
L4 5188 Short Breakout
L5 5168 Trgt 1
L6 5148 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 02-02-2012
R3 5389
R2 5330
R1 5296
Avg 5237
S1 5203
S2 5144
S3 5110
Nifty(Feb Fut)-Trading Strategy
H6 5356 Trgt 2
H5 5334 Trgt 1
H4 5313 Long breakout
H3 5287 Go Short
H2 5279
H1 5270
L1 5253
L2 5244
L3 5236 Long
L4 5210 Short Breakout
L5 5189 Trgt 1
L6 5167 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 02-02-2012
R3 10293
R2 10142
R1 10057
Avg 9906
S1 9821
S2 9670
S3 9585
Bank Nifty(Feb Fut)-Trading Strategy
H6 10213 Trgt 2
H5 10157 Trgt 1
H4 10101 Long breakout
H3 10036 Go Short
H2 10015
H1 9993
L1 9950
L2 9928
L3 9907 Long
L4 9842 Short Breakout
L5 9786 Trgt 1
L6 9730 Trgt 2
Pre-Closing Outlook(01-02-2012)
Nifty is trading above 5229 after lower levels supports and last formality of sustaining above confirmation is left which will be seen in the coming couple of sessions and its possibility is high.
Mid-session Outlook-4(01-02-2012)
As soon as support developed at lower levels then it was updated and sharp surge seen after opening of European markets. First 4 hours trading range broken out force fully and it is strong indication of fresh rally.Sustaining above 5217/5229 will mean blasting up moves after all trends turning up..
Mid-session Outlook-3(01-02-2012)
Down after intraday selling at higher levels but minor support at lower levels also seen after formation of new intraday trading low therefore mixed intraday trading patterns today.
Market is preparing for next moves within sideways moves and sustaining beyond today trading range(5160-5190) will be give next moves first strong indication therefore should be firstly watched.
Market is preparing for next moves within sideways moves and sustaining beyond today trading range(5160-5190) will be give next moves first strong indication therefore should be firstly watched.
Mid-session Outlook-2(01-02-2012)
Selling confirmations at higher levels therefore down moves possibility turns higher.
Mid-session Outlook(01-02-2012)
Following lines were told in Blasting Rally after sustaining above 5229
"expected that Nifty will firstly trade between 5150-5217 and prepare for next moves and follow up buying/selling within this range will give next moves first indication and sustaining it beyond will be confirmations"
Above lines should be kept in mind for final confirmation and first indication will be after sustaining beyond today achual trading range(5168-5190) and Nifty is preparing for next moves within it for the last 3 hours.
"expected that Nifty will firstly trade between 5150-5217 and prepare for next moves and follow up buying/selling within this range will give next moves first indication and sustaining it beyond will be confirmations"
Above lines should be kept in mind for final confirmation and first indication will be after sustaining beyond today achual trading range(5168-5190) and Nifty is preparing for next moves within it for the last 3 hours.
Blasting Rally after sustaining above 5229
Technical Analysis,Researches & Market Outlook
(01-02-2012)
Nifty-EOD Chart(31-Jan-2012):-
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| Just click on chart for its enlarged view |
1- Rally is continued above rising trend line.
2- Rally closing near its top yesterday.
3- Nifty near the top of Trend Reversal 120 Sessions sideways market between 4720-5229.
4- Trend Reversal Broadening Pattern at the bottom of 14 months correction and it has also given strong support at lower levels to long term correction.
Conclusions from EOD chart analysis
Nifty above 5200 yesterday but when Nifty was below 4600 since then we projected rally and up moves more than 75 times as well as showed our full confidence in Bullish formations in above EOD Chart as well as we updated following conclusions:
More than 14 months long term correction and at its bottom huge 120 sessions above mentioned two trend reversal formations and they have complete strength to reverse whole long term correction.
Today anyone can say for rally but only we told non stop daily for that Rally which was seen in January 2012. When we told for correction of this rally then also it was seen on 30-01-2012
Nifty-Micro Analysis of 5 days Intra Day Chart
(Jan 24 to Jan 31,2012)
Nifty-Intra Day Chart(Jan 24 to Jan 31,2012):-
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1- Condolidation between 5050-5155 is last 5 days
2- Selling Formations also at higher levels.
3- Mixed Patterns between 5150-5160
4- 5 Sessions trading between 5050-5217.
Conclusions from 5 days intra day chart analysis
Resistances were as follows;-
1- 5070-5098
2- 5130-5225
3- 5260-5310
4- 5340-5375
Nifty has almost covered above mentioned first 2 resistances in last 5 sessions rally with lower levels good support but higher levels selling also within it.
Conclusions (After Putting All Studies Together)
Crucial Averages are as follows:
200-Day EMA is at-5131
200-Day SMA is at-5198(Nifty faced stiff resistance 3 times earlier)
We told only for very short term correction and it was seen on Monday and Rally is on after yesterday sharp surge. As higher levels selling in last 5 days and mixed intraday patterns also seen yesterday despite fast up moves above that therefore more consolidations are required for sustaining above the top(5217) of last 5 sessions.
Sustaining above 5217/5229 will mean blast rally after:-
1- Clearing of 3 times resistance(200-Day SMA)
2- Break out of 120 sessions trading range.
Since long telling only for strong rally above 5229 after break out and its possibility is high also but short term indicators are over bought and higher levels selling also in last 5 sessions therefore more consolidation as well as cooling down of indicators are firstly required in the coming sessions.
Expected that finally strong rally will be seen above 5229 but selling above 5150 in last 5 sessions therefore expected that Nifty will firstly trade between 5150-5217 and prepare for next moves and follow up buying/selling within this range will give next moves first indication and sustaining it beyond will be confirmations.
1- Above 5217 will mean strong rally after break out
2- Below 5150 will mean firstly short term correction and then rally after its completion.
3- Correction is completed in sideways in Bull markets therefore this possibility will also be kept in mind.
FII & DII trading activity in Capital Market Segment on 31-Jan-2012
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Indian Stock Markets Closing Reports(31-Jan-2012)
1- Long White Candle
2- All the Indices closed in Green.
3- Closing near the higher levels of the day after strong recovery.
Ratios
Nifty Put Call Ratio: 0.93
Nifty P/E Ratio(31-Jan-2012): 18.53
Advances & Declines
BSE Advances : 1821
BSE Declines : 1031
NSE Advances : 1028
NSE Declines : 416
Nifty Open Interest Changed Today
Nifty- 5000 CE(Jan)- -82950(-3.56%)
Nifty- 5000 PE(Jan)- +969550(+20.65%)
Nifty- 5100 CE(Jan)- -306200(-11.21%)
Nifty- 5100 PE(Jan)- +1218550(+32.79%)
Nifty- 5200 CE(Jan)- -119300(-2.48%)
Nifty- 5200 PE(Jan)- +1315650(+73.35%)
Closing
Nifty- closed at 5,199.25(+111.95 Points & +2.20%)
Sensex- closed at 17,193.55(+330.25 Points & +1.96% )
CNX Midcap - closed at 7,100.55(+160.80 Points & +2.32%)
BSE Smallcap- closed at 6,463.30(+89.71 Points & +1.41%)
Nifty Spot-Levels & Trading Strategy for 01-02-2012
R3 5331
R2 5273
R1 5236
Avg 5178
S1 5141
S2 5083
S3 5046
Nifty Spot-Trading Strategy
H6 5295 Trgt 2
H5 5273 Trgt 1
H4 5251 Long breakout
H3 5225 Go Short
H2 5216
H1 5207
L1 5190
L2 5181
L3 5172 Long
L4 5146 Short Breakout
L5 5124 Trgt 1
L6 5102 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 01-02-2012
Nifty(Feb Fut)-Levels
R3 5365
R2 5299
R1 5261
Avg 5195
S1 5157
S2 5091
S3 5053
Nifty(Feb Fut)-Trading Strategy
H6 5328 Trgt 2
H5 5304 Trgt 1
H4 5280 Long breakout
H3 5251 Go Short
H2 5242
H1 5232
L1 5213
L2 5203
L3 5194 Long
L4 5165 Short Breakout
L5 5141 Trgt 1
L6 5117 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 01-02-2012
R3 10444
R2 10212
R1 10082
Avg 9850
S1 9720
S2 9488
S3 9358
Bank Nifty(Feb Fut)-Trading Strategy
H6 10326 Trgt 2
H5 10238 Trgt 1
H4 10151 Long breakout
H3 10051 Go Short
H2 10018
H1 9985
L1 9918
L2 9885
L3 9852 Long
L4 9752 Short Breakout
L5 9665 Trgt 1
L6 9577 Trgt 2
Pre-Closing Outlook(31-01-2012)
Only very short term correction was expected and it has been seen yesterday. First 5 hours intraday trading between 5130-5164 and after that and its break out is indicating strong rally after yesterday correction and today consolidation. Next resistance is between 5200-5210 and its crossing will be fresh phase of strong rally confirmation as well as its possibility can not be ruled out after today lower levels good consolidations..
Post-open Outlook(31-01-2012)
Positive global cues led strong Indian markets trading between 200-Day EMA(5130) and 200-Day SMA(5201). Sustaining beyond these two averages will give following
conclusions:-
1- Sustaining above 200-Day SMA(5201) will mean continuation of correction.worst is over after Long term trend turning up.
2- Sustaining below 200-Day EMA(5130) will mean continuation of yesterday begun correction.
Strong market today and above two averages will give confirmation to Long term trend therefore 5130-5201 must be watched for long term positions and investment decisions.
conclusions:-
1- Sustaining above 200-Day SMA(5201) will mean continuation of correction.worst is over after Long term trend turning up.
2- Sustaining below 200-Day EMA(5130) will mean continuation of yesterday begun correction.
Strong market today and above two averages will give confirmation to Long term trend therefore 5130-5201 must be watched for long term positions and investment decisions.
Pre-open Outlook(31-01-2012)
Although European markets closed in Red yesterday but US markets closed flat after good recovery from intraday lower levels as well as its futures are also positive(Dow is +37) therefore Asian markets are flat to positive and sentiment is good today morning. Indian markets will open positive after pleasantly maintained sentiment and Nifty will firstly hover around 5100 and will prepare for next moves after yesterday very short term expected correction ae well as sustaining it beyond will be first indication of next moves
Follow up buying/selling today morning and sustaining beyond 5100 will give next moves first indication therefore should be firstly watched today.
Follow up buying/selling today morning and sustaining beyond 5100 will give next moves first indication therefore should be firstly watched today.
Correction Life Decider 5000-5050
Nifty-Micro Analysis of Intra Day Chart For 31-01-2012
Nifty-Intra Day Chart(30-Jan-2012):-
 |
| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Selling between 5147-5165
2- Whole day down moves in falling channel
3- Whole day trading between 5077-5165
Conclusions from intra day chart analysis
Very Short Term correction was told in following topics during last 3 days and sustaining below 5120 possibility was also told during trading hours. All that which was told for today market proved 100% accurate during trading hours:-
1- Very Short Term Correction is Due
2- Rally after very short term correction
Correction was due and it was seen today.Good support between 5000-5050,its testing possibility can not be ruled out as well as this range will be firstly watched for the life of on going correction.
As Nifty moved down and closed below last 3 sessions range more down moves possibility can not be ruled out as well as sustaining beyond mentioned support will be firstly watched for next moves confirmations.
Just Watch 5000-5050 for correction completion/continuation confirmations.
Indian Stock Markets Closing Reports(30-Jan-2012)
1 Long Black Candle
2- All the Indices closed in Red.
3- Closing near the lowest of the day.
Ratios
Nifty Put Call Ratio: 1.12
Nifty P/E Ratio(30-Jan-2012): 18.13
Advances & Declines
BSE Advances : 1015
BSE Declines : 1820
NSE Advances : 397
NSE Declines : 1062
Nifty Open Interest Changed Today
Nifty- 5000 CE(Jan)- -17150(-0.73%)
Nifty- 5000 PE(Jan)- -53000(-1.05%)
Nifty- 5100 CE(Jan)- +248500(+10.01%)
Nifty- 5100 PE(Jan)- -170600(-4.28%)
Nifty- 5200 CE(Jan)- +656650(+14.76%)
Nifty- 5200 PE(Jan)- -612400(-24.92%)
Closing
Nifty- closed at 5,087.30(-117.40 Points & -2.26%)
Sensex- closed at 16,863.30(-370.68 Points & -2.15% )
CNX Midcap - closed at 6,939.75(-149.90 Points & -2.11%)
BSE Smallcap- closed at 6,373.59(-118.10 Points & -1.82%)
Nifty Spot-Levels & Trading Strategy for 31-01-2012
R3 5233
R2 5199
R1 5143
Avg 5109
S1 5053
S2 5019
S3 4963
Nifty Spot-Trading Strategy
H6 5177 Trgt 2
H5 5156 Trgt 1
H4 5136 Long breakout
H3 5111 Go Short
H2 5103
H1 5095
L1 5078
L2 5070
L3 5062 Long
L4 5037 Short Breakout
L5 5017 Trgt 1
L6 4996 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 31-01-2012
R3 5256
R2 5223
R1 5167
Avg 5134
S1 5078
S2 5045
S3 4989
Nifty(Jan Fut)-Trading Strategy
H6 5201 Trgt 2
H5 5181 Trgt 1
H4 5160 Long breakout
H3 5136 Go Short
H2 5128
H1 5120
L1 5103
L2 5095
L3 5087 Long
L4 5063 Short Breakout
L5 5042 Trgt 1
L6 5022 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 31-01-2012
R3 9896
R2 9818
R1 9683
Avg 9605
S1 9470
S2 9392
S3 9257
Bank Nifty(Jan Fut)-Trading Strategy
H6 9762 Trgt 2
H5 9714 Trgt 1
H4 9666 Long breakout
H3 9607 Go Short
H2 9588
H1 9568
L1 9529
L2 9509
L3 9490 Long
L4 9431 Short Breakout
L5 9383 Trgt 1
L6 9335 Trgt 2
Pre-Closing Outlook(30-01-2012)
Very Short Term Correction was told again and again and following projection was also updated in Mid-session Outlook(30-01-2012) today:
Sustaining below 5120 is expected
Nifty slipped below 5120 and low at 5080.00 has been formed today. Correction is on and levels near 5050 will be watched now.
Sustaining below 5120 is expected
Nifty slipped below 5120 and low at 5080.00 has been formed today. Correction is on and levels near 5050 will be watched now.
Mid-session Outlook(30-01-2012)
Very short term correction was very much due and it was clearly told also as well as being seen today. Support of 5120 has been tested and next support below it at 5050..
Intraday patterns are showing selling at higher levels and sustaining below 5120 will mean 5050 fast.
Very short term correction was expected and it has been seen today. Follow up buying/selling within 5120-5130 in the next couple of hours as well as Sustaining it beyond wiil give confirmation of continuation or completion of today begun correction.
Sustaining below 5120 is expected and sustaining beyond 5120-5130 will be firstly watched for next moves confirmations.
Intraday patterns are showing selling at higher levels and sustaining below 5120 will mean 5050 fast.
Very short term correction was expected and it has been seen today. Follow up buying/selling within 5120-5130 in the next couple of hours as well as Sustaining it beyond wiil give confirmation of continuation or completion of today begun correction.
Sustaining below 5120 is expected and sustaining beyond 5120-5130 will be firstly watched for next moves confirmations.
Rally after very short term correction
Technical Analysis,Research & Weekly Outlook
Nifty-EOD Chart(27-Jan-2012):-
Technical Patterns and Formations in EOD charts
1- Begining of strong rally on 20-12-2011 from 4531.15.
2- Trend Reversal 113 Sessions sideways market between 4720-5229 is intact.
3- Trend Reversal Broadening Pattern at the bottom of 14 months correction is intact.
4- Falling Trendline Correction from 5399 and its upward cross over.
5- Testing of Falling trend line from 6336 and Nifty retraced 7 times earlier from this falling trendline.
Conclusions from EOD chart analysis
Bullish pattrens are very much intact and Nifty is trading near the higher levels of these patterns. Testing of Falling trend line from 6336 and Nifty retraced 7 times earlier from this falling trendline. As sentiment is heated therefore therefore very short term correction is due now.
Nifty-Intra Day Chart(27-Jan-2012):-
Technical Patterns and Formations in today intraday charts
1- Support between 5163-5185
2- Selling Patterns between 5187-5194
3- Selling Patterns between 5200-5210
4- Up moves without force in rising channel.
5- Whole day trading between 5163-5210
Conclusions from intra day chart analysis
Although closing near the top of the day after lower levels support but up moves have been without force as well as higher levels selling patterns also therefore view is cautions. Rally is on but correction is over due because short term indicators are heated and very short term correction may be seen for cooling down of overbought indicators.
Conclusions (After Putting All Studies Together)
1- Testing of Falling trend line from 6336 and Nifty retraced 7 times earlier from this falling trendline.
2- Testing of 200-Day SMA and Nifty got stiff resistance at 200-Day SMA 3 times earlier.
Strong rally in 2012 and short term cotrrection will be seen only after complete distribution patterns and that has not beeen seen yet but very short term correction is due and that may be seen any day.
(Jan 30 to Feb 03, 2012)
Nifty-EOD Chart(27-Jan-2012):-
 |
| Just click on chart for its enlarged view |
Averages are as follows:
200-Day EMA is at-5131
200-Day SMA is at-5202
Conclusions
Short and Intermediate term trends are up and long term trend turning up confirmation will be after sustaining above 200-Day EMA as well as 200-Day SMA. Last 2 sessions closing above 200-Day EMA and testing of 200-Day SMA on 27-01-2012.
Strong breathless rally seen in last one month but last confirmation for blasing rally is left through sustaining above 200-Day SMA because Nifty got stiff resistance at 200-Day SMA 3 times earlier.
Long term trend turning up final confirmation will be after sustaining above 200-Day SMA and should be watched firstly in next week.
1- Begining of strong rally on 20-12-2011 from 4531.15.
2- Trend Reversal 113 Sessions sideways market between 4720-5229 is intact.
3- Trend Reversal Broadening Pattern at the bottom of 14 months correction is intact.
4- Falling Trendline Correction from 5399 and its upward cross over.
5- Testing of Falling trend line from 6336 and Nifty retraced 7 times earlier from this falling trendline.
Conclusions from EOD chart analysis
Bullish pattrens are very much intact and Nifty is trading near the higher levels of these patterns. Testing of Falling trend line from 6336 and Nifty retraced 7 times earlier from this falling trendline. As sentiment is heated therefore therefore very short term correction is due now.
Nifty-Intra Day Chart(27-Jan-2012):-
 |
| Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Support between 5163-5185
2- Selling Patterns between 5187-5194
3- Selling Patterns between 5200-5210
4- Up moves without force in rising channel.
5- Whole day trading between 5163-5210
Conclusions from intra day chart analysis
Although closing near the top of the day after lower levels support but up moves have been without force as well as higher levels selling patterns also therefore view is cautions. Rally is on but correction is over due because short term indicators are heated and very short term correction may be seen for cooling down of overbought indicators.
Conclusions (After Putting All Studies Together)
Nifty tested following 2 crucial resistances on 27-Jan-2012;-
2- Testing of 200-Day SMA and Nifty got stiff resistance at 200-Day SMA 3 times earlier.
Although Nifty retraced several times from above mentioned levels but it does not mean that it will again happen. I posted following topic on 31-12-2011:-
I am Bullish from the very first day of 2012 and not expecting more than very short term correction and hoping that on going rally will remain continued after expected very short term correction.
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