CRUDEOIL-Feb Fut-1st Intraday/Positional-Sold on 15-02-2013-Cover and book profit immediately-CMP-5224(Lalit39)
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
DATA UPDATE
As following data therefore CRUDEOIL is up but finally down is expected because higher levels selling in previous sessions.
7:00pm CAD Manufacturing Sales m/m -3.1% -0.4% 1.7%
USD Empire State Manufacturing Index 10.0 -2.1 -7.8
DATA IS WEAK FOR BULLIONS, SLIGHTLY GOOD FOR BASE METALS AND ENERGIES.
7:00pm CAD Manufacturing Sales m/m -3.1% -0.4% 1.7%
USD Empire State Manufacturing Index 10.0 -2.1 -7.8
DATA IS WEAK FOR BULLIONS, SLIGHTLY GOOD FOR BASE METALS AND ENERGIES.
CRUDEOIL-Feb Fut-Selling Trade
CRUDEOIL-Feb Fut-Sell-Intraday/Positional-SL-5276 & TGT-5196-CMP-5245(Lalit39)
Pre-Closing Outlook(15-02-2013)
Following lines were told at 12:46 PM in Mid-session Outlook today:-
1- a bounce back can not be ruled out now.
2- today intraday charts are showing consolidation signals therefore Pull back rally expectations turned alive from any level between 5823-5863.
When Nifty was trading near lower levels then we gave a range of 5823-5863 at 12:46 PM and Nifty reversed from 5,853.90 after new intraday low formation at 01:59 PM and now trading at 5894 after new intraday high formation.
Only a bounce back was expected and it has been seen and follow up moves in the beginning of next week will decide the timings of Pre-Budget rally and its detailed analysis will be updated in Weekly Analysis before next Monday.
1- a bounce back can not be ruled out now.
2- today intraday charts are showing consolidation signals therefore Pull back rally expectations turned alive from any level between 5823-5863.
Live Proofs of our accuracy
Not only today but our this Blog is full of such accurate daily predictions for the last 3 years and anyone can verify this fact from 'Archive' at the bottom of Blog.
Only a bounce back was expected and it has been seen and follow up moves in the beginning of next week will decide the timings of Pre-Budget rally and its detailed analysis will be updated in Weekly Analysis before next Monday.
Mid-session Outlook(15-02-2013)
Previous support of 5895 has been broken down and now movement toward Strong support(5823) but sentiment is extremely depressed and Short term indicators are oversold also therefore a bounce back can not be ruled out now. As good selling at higher levels therefore complete consolidation is required for any decisive up move and today intraday charts are showing consolidation signals therefore Pull back rally expectations turned alive from any level between 5823-5863.
Technical Analysis and Market Outlook(15-02-2013)
Nifty-Intra Day Chart (14-Feb-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5930-5937
2- Follow up selling between 5908-5915
3- Whole day actual trading between 5887-5937
Following topic with next trend deciding crucial levels was posted at 12:47 AM on 14-02-2013:-
Nifty traded exactly within above mentioned between 5,884.55-5,940.20 on 14-02-2013 and closed near lower levels of the day after good selling at higher levels and until Nifty Nifty will not sustain above mentioned selling levels till then next move will not be considered. For next moves same conclusion which was updated in following topic yesterday:-
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1- Selling between 5930-5937
2- Follow up selling between 5908-5915
3- Whole day actual trading between 5887-5937
Conclusions from intra day chart analysis
Following topic with next trend deciding crucial levels was posted at 12:47 AM on 14-02-2013:-
Nifty traded exactly within above mentioned between 5,884.55-5,940.20 on 14-02-2013 and closed near lower levels of the day after good selling at higher levels and until Nifty Nifty will not sustain above mentioned selling levels till then next move will not be considered. For next moves same conclusion which was updated in following topic yesterday:-
GOLD-Apr Fut-Positional Buying of 14-02-2013-Covering
GOLD-Apr Fut-Positional-Bought on 14-02-2013-Cover and book profit immediately.We shall again trade tomorrow-CMP-30460(Lalit39)
NICKEL-Feb Fut-Intraday Selling of 14-02-2013-Covering
NICKEL-Feb Fut-Intraday Selling of 14-02-2013-Cover and book small profit immediately-CMP-984(Lalit39)(Lalit39)
FII & DII trading activity in Capital Market Segment on FII 14-Feb-2013
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Nifty Spot-Levels & Trading Strategy for 15-02-2013
R3 5985
R2 5962
R1 5929
Avg 5906
S1 5873
S2 5850
S3 5817
Nifty Spot-Trading Strategy
H6 5952 Trgt 2
H5 5939 Trgt 1
H4 5926 Long breakout
H3 5911 Go Short
H2 5906
H1 5901
L1 5890
L2 5885
L3 5880 Long
L4 5865 Short Breakout
L5 5852 Trgt 1
L6 5839 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 15-02-2013
R3 5998
R2 5974
R1 5937
Avg 5913
S1 5876
S2 5852
S3 5815
Nifty(Feb Fut)-Trading Strategy
H6 5961 Trgt 2
H5 5947 Trgt 1
H4 5933 Long breakout
H3 5916 Go Short
H2 5911
H1 5905
L1 5894
L2 5888
L3 5883 Long
L4 5866 Short Breakout
L5 5852 Trgt 1
L6 5838 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 15-02-2013
R3 12579.67
R2 12520.33
R1 12430.67
Avg 12371.33
S1 12281.67
S2 12222.33
S3 12132.67
Bank Nifty(Feb Fut)-Trading Strategy
H6 12490 Trgt 2
H5 12456 Trgt 1
H4 12422 Long breakout
H3 12381 Go Short
H2 12368
H1 12354
L1 12327
L2 12313
L3 12300 Long
L4 12259 Short Breakout
L5 12225 Trgt 1
L6 12191 Trgt 2
CRUDEOIL-Feb Fut-Intraday Selling of 14-02-2013-Covering
CRUDEOIL-Feb Fut-Intraday Selling of 14-02-2013-Cover and book profit immediately-CMP-5227(Lalit39)(Lalit39)
CRUDEOIL-Feb Fut-Positional Selling of 13-02-2013-Covering
CRUDEOIL-Feb Fut-Positional Selling of 13-02-2013-Cover and book profit immediately-CMP-5226(Lalit39)(Lalit39)
Pre-Closing Outlook(14-02-2013)
Although new intraday low formation at 02:39 PM but selling was updated at 02:01 PM in Mid-session Outlook-2 and now more down moves toward 5923 are expected after higher levels selling today.
Mid-session Outlook-2(14-02-2013)
As volatility after Inflation news and SBI Quarterly results as well as sentiment changes sharply in such type of news based markets therefore final view will be formed after stabilizing of markets and intraday charts patterns formations. At present some selling signals are being seen only.
SILVER-Mar Fut-Positional Selling of 13-02-2013-Covering
SILVER-Mar Fut-Positional-Sold on 13-02-2013-Cover and book profit immediately-CMP-57294(Lalit39)
Mid-session Outlook(14-02-2013)
Inflation in Jan 6.62% vs 7.18% and at 3 years lowest as well therefore markets recovered from lower levels but both higher and lower levels are capped and more consolidation is required for moving above yesterday highs because good selling at higher levels yesterday. Same view at this moment which has already been updated in following topic yesterday:-
Next Trend Decider 5883-5984
Technical Analysis and Market Outlook
(14-02-2013)
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1- Selling between 5960-5969
2- Last more than 1 hour down moves in Bullish falling Channel
3- Whole day actual trading between 5925-5969
Conclusions from intra day chart analysis
Most time trading between previous resistance range(5930-5984) with fresh intraday selling between 5960-5969 and after that slipping in Bullish falling Channel therefore wait and watch policy despite closing near lower levels. As both lower levels consolidation between 5883-5900 on 13-02-2013 before higher levels selling today therefore Indian markets are not prepared for any side decisive moves and will firstly remain range bound betwen 5883-5984 and take positions for next decisive moves in the coming sessions and its valid break out will decide next trend.
SILVER-Apr Fut-1st Intraday/Positional Selling of 13-02-2013-Covering
SILVER-Mar Fut-1st Intraday/Positional-Sold on 13-02-2013-Intraday Traders may COVER AND BOOK PROFIT Immediately and Positional traders may carry over-CMP-57439
FII & DII trading activity in Capital Market Segment on 13-Feb-2013
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Nifty Spot-Levels & Trading Strategy for 14-02-2013
3 5876
R2 5904
R1 5913
Avg 5941
S1 5950
S2 5978
S3 5987
Nifty Spot-Trading Strategy
H6 5885 Trgt 2
H5 5893 Trgt 1
H4 5901 Long breakout
H3 5911 Go Short
H2 5915
H1 5918
L1 5925
L2 5928
L3 5932 Long
L4 5942 Short Breakout
L5 5950 Trgt 1
L6 5958 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 14-02-2013
R3 6021
R2 6000
R1 5968
Avg 5947
S1 5915
S2 5894
S3 5862
Nifty(Feb Fut)-Trading Strategy
H6 5989 Trgt 2
H5 5977 Trgt 1
H4 5965 Long breakout
H3 5950 Go Short
H2 5945
H1 5940
L1 5931
L2 5926
L3 5921 Long
L4 5906 Short Breakout
L5 5894 Trgt 1
L6 5882 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 14-02-2013
R3 12623
R2 12570
R1 12483
Avg 12430
S1 12343
S2 12290
S3 12203
Bank Nifty(Feb Fut)-Trading Strategy
H6 12536 Trgt 2
H5 12504 Trgt 1
H4 12472 Long breakout
H3 12434 Go Short
H2 12421
H1 12408
L1 12383
L2 12370
L3 12357 Long
L4 12319 Short Breakout
L5 12287 Trgt 1
L6 12255 Trgt 2
CRUDEOIL-Feb Fut-Selling Trade
CRUDEOIL-Feb Fut-Sell-Positional-SL-5276 & TGT-5166-CMP-5237(Lalit39)
SILVER-Mar Fut-Selling Trade
SILVER-Mar Fut-Sell-/Positional-SL-57826 & TGT-57211-CMP-57525(Lalit39)
Pre-Closing Outlook(13-02-2013)
Indian markets are flat but when were trading near today higher levels then we cautioned after covering our buying positions and market slipped as well as lost all intraday gains. Next moves preparation trading range is 5883-5984 and its break out should be watched for next moves confirmations.
Mid-session Outlook-2(13-02-2013)
As intraday selling patterns formations and negative news of corruption in I. A. F. Helicopter deal therefore cautious view was updated in previous Outlook and market slip also from higher levels. Next moves preparation trading range is 5883-5984 and its break out should be watched for next moves confirmations.
Mid-session Outlook(13-02-2013)
Some confusion today due to news of corruption in I. A. F. Helicopter deal therefore view is cautious and until Nifty will not sustain above today highs and 5984 till then immediate up move will not be considered.
NIFTY-Feb Call Option(6000)-Bought on 12-02-2013-Covering
NIFTY-(Jan CE-6000)-Bought on 12-02-2013--Cover immediately-CMP-48(Lalit39)
Post-open Outlook(13-02-2013)
Although strong rally today but when Indian markets were in Red after weaker IIP data then also we did not posted Bearish views but on the contrary told for Up Moves:-
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
Strong rally today but equally strong resistances are between 5970-5984 and once sustaining above 5984 will mean fast up moves after Pre Budget Rally confirmations.
Pull Back rally on Cards
Nifty-Intra Day Chart (Feb 11 to Feb 13,2013):-
Technical Patterns and Formations in last 2 Sessions intraday charts
1- Consolidation between 5883-5900.
2- 2 Sessions most time trading between 5883-5915
3- 2 Sessions actual trading between 5883-5927
As 2 Sessions most time trading between 5883-5915 with lower levels good supports and consolidation patterns formations therefore this range broken out in last hour on 12-02-2013. Expected that Pull Back rally will be seen in the coming sessions but resistances are lying between 5930-5984 therefore fresh consolidation is required for sustaining above 5984 and market will take its complete time to complete consolidation process.
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1- Consolidation between 5883-5900.
2- 2 Sessions most time trading between 5883-5915
3- 2 Sessions actual trading between 5883-5927
Conclusions from 2 Sessions intra day chart analysis
As 2 Sessions most time trading between 5883-5915 with lower levels good supports and consolidation patterns formations therefore this range broken out in last hour on 12-02-2013. Expected that Pull Back rally will be seen in the coming sessions but resistances are lying between 5930-5984 therefore fresh consolidation is required for sustaining above 5984 and market will take its complete time to complete consolidation process.
Firstly Pull Back rally is expected and after sustaining above 5984 strong rally will be seen.
FII & DII trading activity in Capital Market Segment on 12-Feb-2013
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Indian Stock Markets Closing Reports(12-Feb-2013)
1- Benchmark Indices closed in Green.
2- CNX Midcap and CNX Smallcap closed in Red.
3- White Candle formation.
Ratios
Index Options Put Call Ratio: 0.98
Total Options Put Call Ratio: 0.92
Nifty P/E Ratio(12-Feb-2013): 17.83
Advances & Declines
BSE Advances :
BSE Declines :
NSE Advances :
NSE Declines :
Nifty Open Interest Changed Today
Nifty- 5800 CE(Feb)- 45,850(6.02%)
Nifty- 5800 PE(Feb)- -35,800(-0.55%)
Nifty- 5900 CE(Feb)- -7,800(-0.29%)
Nifty- 5900 PE(Feb)- 365,600(5.32%)
Nifty- 6000 CE(Feb)- -30,450(-0.52%)
Nifty- 6000 PE(Feb)- 34,600(0.93%)
Nifty- 6000 CE(Feb)- -27,350 (-0.37%)
Nifty- 6000 PE(Feb)- -48,150(-3.09%)
Closing
Sensex- closed at 19561.04(100.47 Points & 0.52%)
Nifty- closed at 5,922.50(24.65 Points & 0.42%)
CNX Midcap - closed at 8,063.00(-30.35 Points & -0.37%)
CNX Smallcap- closed at 3,484.00(-11.65 Points & -0.33%)
Nifty Spot-Levels & Trading Strategy for 13-02-2013
R3 5978
R2 5952
R1 5937
Avg 5911
S1 5896
S2 5870
S3 5855
Nifty Spot-Trading Strategy
H6 5963 Trgt 2
H5 5953 Trgt 1
H4 5944 Long breakout
H3 5933 Go Short
H2 5929
H1 5925
L1 5918
L2 5914
L3 5910 Long
L4 5899 Short Breakout
L5 5890 Trgt 1
L6 5880 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 13-02-2013
R3 6001
R2 5974
R1 5957
Avg 5930
S1 5913
S2 5886
S3 5869
Nifty(Feb Fut)-Trading Strategy
H6 5985 Trgt 2
H5 5975 Trgt 1
H4 5965 Long breakout
H3 5953 Go Short
H2 5949
H1 5945
L1 5936
L2 5932
L3 5928 Long
L4 5916 Short Breakout
L5 5906 Trgt 1
L6 5896 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 13-02-2013
R3 12649
R2 12559
R1 12508
Avg 12418
S1 12367
S2 12277
S3 12226
Bank Nifty(Feb Fut)-Trading Strategy
H6 12599 Trgt 2
H5 12567 Trgt 1
H4 12534 Long breakout
H3 12495 Go Short
H2 12482
H1 12469
L1 12444
L2 12431
L3 12418 Long
L4 12379 Short Breakout
L5 12346 Trgt 1
L6 12314 Trgt 2
NIFTY-Feb Call Option-Buying Trade
NIFTY-Feb Call Option(6000)-Buy-Positional-SL-24-TGT-64-CMP-42(Lalit39)
Pre-Closing Outlook(12-02-2013)
We never posted bearish views despite weaker IIP data but also told following lines:-
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
1- At 02:18 PM:- "intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased"
2- At 12:59 PM:-"As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered"
Last 2 days range broken out after lower levels good consolidations therefore more up moves are expected and strong rally will be seen after sustaining above next resistance
Mid-session Outlook-3(12-02-2013)
Although slipping from intraday high levels in last more than 90 minutes but intraday patterns are showing buying formations therefore up moves possibility above 5915 has increased but its valid break out should also be firstly watched.
Mid-session Outlook-2(12-02-2013)
As down moves after weaker IIP data were lacking required force therefore we did not projected more down moves and told for next moves confirmations through valid break out 5883-5915. Yesterday higher levels selling and lower levels supports were seen within mentioned range and today negative news generated volatility is being seen.
As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered and valid break out above 5915 will mean rally possibility after on going correction completion strong indication.
As market digested negative news and got support at lower levels today therefore until Nifty will not sustain below 5883 till then further down move will not be considered and valid break out above 5915 will mean rally possibility after on going correction completion strong indication.
Mid-session Outlook(12-02-2013)
Trading between 5889-5912 today but down moves were lacking required force after the news of weaker IIP data and valid break out of yesterday trading range(5883-5915) should be firstly watched for next moves confirmations.
Next Trend Decider 5883-5915
Technical Analysis and Market Outlook
(12-02-2013)
Nifty-Intra Day Chart (11-Feb-2013):-(12-02-2013)
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1- Consolidation between 5883-5900.
2- 5 Waves of Bearish Rising Wedge formation.
3- Selling between 5907-5915
4- Whole day actual trading between 5883-5915.
Conclusions from intra day chart analysis
Just click following topic link and understand Daily Chart analysis:-
32 Points narrow range trading with lower level supports and consolidations and slipping also from higher levels after Bearish Rising Wedge formation and selling as well. As mixed intraday patterns formations within 5883-5915 today therefore its valid break out should be firstly watched tomorrow for following next decisive moves confirmations:-
1- 38.2%(5895) retracement completed on 08-02-2013 and sustaining below 5883 after follow up selling will mean testing possibility of next support at 5823.
2- Intraday support also seen near about 5895 today and sustaining above 5915 after follow up consolidation will mean Short Term Up moves possibility but on going correction completion confirmation will be above next resistance range(5930-5984).
Valid Break Out of 5883-5915 should be firstly watched tomorrow for next Trend confirmations.
FII & DII trading activity in Capital Market Segment on 11-Feb-2013
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Indian Stock Markets Closing Reports(11-Feb-2013)
1- Benchmark Indices closed in Red.
2- Most Indices closed in Red but BANK NIFTY closed in Green.
3- Black Candle formation.
Ratios
Index Options Put Call Ratio: 0.87
Total Options Put Call Ratio: 0.83
Nifty P/E Ratio(11-Feb-2013): 17.72
Advances & Declines
BSE Advances : 1,222
BSE Declines : 1,616
NSE Advances : 622
NSE Declines : 897
Nifty Open Interest Changed Today
Nifty- 5700 CE(Feb)- -8,150(-2.76%)
Nifty- 5700 PE(Feb)- -591,600(-10.15%)
Nifty- 5800 CE(Feb)- 106,700(16.28%)
Nifty- 5800 PE(Feb)- 397,450(6.48%)
Nifty- 5900 CE(Feb)- 432,750(19.40%)
Nifty- 5900 PE(Feb)- -265,200(-3.72%)
Nifty- 6000 CE(Feb)- 319,300(5.73%)
Nifty- 6000 PE(Feb)- -330,600(-8.17%)
Closing
Sensex- closed at 19517(-24.20 Points & -0.12%)
Nifty- closed at 5,897.85(-5.65 Points & -0.10%)
CNX Midcap - closed at 8,093.35(-16.10 Points & -0.20%)
CNX Smallcap- closed at 3,495.65(-6.55 Points & -0.19%)
Nifty Spot-Levels & Trading Strategy for 12-02-2013
R3 5966
R2 5945
R1 5921
Avg 5900
S1 5876
S2 5855
S3 5831
Nifty Spot-Trading Strategy
H6 5942 Trgt 2
H5 5931 Trgt 1
H4 5921 Long breakout
H3 5909 Go Short
H2 5905
H1 5901
L1 5892
L2 5888
L3 5884 Long
L4 5872 Short Breakout
L5 5862 Trgt 1
L6 5851 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 12-02-2013
R3 5969
R2 5953
R1 5937
Avg 5921
S1 5905
S2 5889
S3 5873
Nifty(Feb Fut)-Trading Strategy
H6 5953 Trgt 2
H5 5945 Trgt 1
H4 5938 Long breakout
H3 5929 Go Short
H2 5926
H1 5923
L1 5918
L2 5915
L3 5912 Long
L4 5903 Short Breakout
L5 5896 Trgt 1
L6 5888 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 12-02-2013
R3 12533
R2 12476
R1 12432
Avg 12375
S1 12331
S2 12274
S3 12230
Bank Nifty(Feb Fut)-Trading Strategy
H6 12489 Trgt 2
H5 12466 Trgt 1
H4 12443 Long breakout
H3 12415 Go Short
H2 12406
H1 12397
L1 12378
L2 12369
L3 12360 Long
L4 12332 Short Breakout
L5 12309 Trgt 1
L6 12286 Trgt 2
Mid-session Outlook-4(11-02-2013)
First 4 hours consolidation patterns and last 1 hour Bearish Rising Wedge formation therefore mixed intraday patterns formations and today trading range(5883-5915) valid break out shold be firstly watched tomorrow for next moves confirmations.
Mid-session Outlook-3(11-02-2013)
4 hours trading between 5883-5910 with lower levels supports and consolidations patterns but complete consolidations is required for any decisive up move because multiple resistances at higher levels. As supports and consolidations seen near about 38.2% retracement level(5895) today therefore Short Term up moves expectations turned alive but firstly sustaining above 5910(today trading range high) and after that 5984(resistance) is must for any decisive up move confirmation. As correction is already on and fresh selling will mean fast down moves toward next 50.0% retracement level(5829).
For next move confirmation firstly valid break out of 5883-5910 should be watched.
Mid-session Outlook-2(11-02-2013)
As intraday supports with consolidations patterns indications near about 38.2% retracement level(5895) therefore up moves expectations turned alive from here but complete consolidations is required because multiple resistances at higher levels and sustaining above 5905 will be Short Term Up move confirmation.
Mid-session Outlook(11-02-2013)
Although most time negative zone trading with continuous new intraday lows formations but intraday consolidations patterns indications also therefore up moves expectations are still alive.
Post-open Outlook(11-02-2013)
Nifty is hovering around 38.2% retracement level(5895) and follow up positions near it about will tell about correction continuation toward 50.0% retracement level(5829) or up moves after complete consolidations because multiple resistances at higher levels.
Today first hour trading between 5893-5905 with intraday consolidations patterns indications and expected that Nifty will trade some more time near about this range. Let market prepare for next moves then will be updated according to intraday charts formations and it should be kept in mind that down moves will be sharp but up moves will be slow up to 5984.
Today first hour trading between 5893-5905 with intraday consolidations patterns indications and expected that Nifty will trade some more time near about this range. Let market prepare for next moves then will be updated according to intraday charts formations and it should be kept in mind that down moves will be sharp but up moves will be slow up to 5984.
Pre-open Outlook(11-02-2013)
All the Asian markets are closed today therefore Indian markets will take sentiment from US markets which closed positive last Friday. Short term Indicators are oversold after previous week sharp fall and resistances between 5930-5984 therefore fresh consolidation is required for sustaining above mentioned range and market will take complete time to complete consolidation process.
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