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Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
Nifty-Intra Day Chart(29-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Falling channel corrections
2- Support between 4804-4822
3- Support between 4788-4805
4- Whole day intraday consolidation patterns
5- Whole day trading between 4788-4866
Conclusions from intra day chart analysis
Intraday correction and vloatile market was clearly told before the opening of today market and it was seen whole day today. As today intraday charts are showing falling channels,lower levels supports and whole day consolidation patterns therefore expected that follow up buying will develop in the coming sessions and today begun very short term correction will finish within 1/2 day.
Pull back rally continuation possibility is high in the coming sessions despite 1% down closing today. Technically Indian markets are riped for a strong Pull Back Rally and amicable resolving of Retail FDI issue will trigger next rally as well as next trend confirmation will be sustaining beyond 4790-4870.
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| Just click on chart for its enlarged view |
1- Falling channel corrections
2- Support between 4804-4822
3- Support between 4788-4805
4- Whole day intraday consolidation patterns
5- Whole day trading between 4788-4866
Conclusions from intra day chart analysis
Intraday correction and vloatile market was clearly told before the opening of today market and it was seen whole day today. As today intraday charts are showing falling channels,lower levels supports and whole day consolidation patterns therefore expected that follow up buying will develop in the coming sessions and today begun very short term correction will finish within 1/2 day.
Pull back rally continuation possibility is high in the coming sessions despite 1% down closing today. Technically Indian markets are riped for a strong Pull Back Rally and amicable resolving of Retail FDI issue will trigger next rally as well as next trend confirmation will be sustaining beyond 4790-4870.
Indian Stock Markets Closing Reports(29-Nov-2011)
Main features of today trading are as follows
1- All the Indices closed in Red except HC and FMCG
2- Black Candle.
3- Retail FDI news led uncertainity,volatility and weak market.
Ratios
Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(29-Nov-2011): 17.40
Advances & Declines
BSE ADVANCES : 1224
BSE DECLINES : 1525
NSE ADVANCES : 564
NSE DECLINES : 875
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +56550(+2.59%)
Nifty- 4700 PE(Dec)- +218350(+3.16%)
Nifty- 4800 CE(Dec)- +378450(+11.92%)
Nifty- 4800 PE(Dec)- -28950(-0.54%)
Nifty- 4900 CE(Dec)- +1163650(+31.65%)
Nifty- 4900 PE(Dec)- +151550(+6.69%)
Closing
Nifty- closed at 4,805.10(-46.20 Points & -0.95%)
Sensex- closed at 16,008.34(-158.79 Points & -0.98%)
CNX MIDCAP - closed at 6,654.60(-59.35 Points & -0.88%)
BSE SMALL CAP- closed at 6,142.16(-11.20 Points & -0.18%)
1- All the Indices closed in Red except HC and FMCG
2- Black Candle.
3- Retail FDI news led uncertainity,volatility and weak market.
Ratios
Nifty Put Call Ratio: 1.07
Nifty P/E Ratio(29-Nov-2011): 17.40
Advances & Declines
BSE ADVANCES : 1224
BSE DECLINES : 1525
NSE ADVANCES : 564
NSE DECLINES : 875
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +56550(+2.59%)
Nifty- 4700 PE(Dec)- +218350(+3.16%)
Nifty- 4800 CE(Dec)- +378450(+11.92%)
Nifty- 4800 PE(Dec)- -28950(-0.54%)
Nifty- 4900 CE(Dec)- +1163650(+31.65%)
Nifty- 4900 PE(Dec)- +151550(+6.69%)
Closing
Nifty- closed at 4,805.10(-46.20 Points & -0.95%)
Sensex- closed at 16,008.34(-158.79 Points & -0.98%)
CNX MIDCAP - closed at 6,654.60(-59.35 Points & -0.88%)
BSE SMALL CAP- closed at 6,142.16(-11.20 Points & -0.18%)
Nifty Spot-Levels & Trading Strategy for 30-11-2011
Nifty Spot-Levels
R3 4930
R2 4898
R1 4851
Avg 4819
S1 4772
S2 4740
S3 4693
Nifty Spot-Trading Strategy
H6 4884 Trgt 2
H5 4866 Trgt 1
H4 4848 Long breakout
H3 4826 Go Short
H2 4819
H1 4812
L1 4797
L2 4790
L3 4783 Long
L4 4761 Short Breakout
L5 4743 Trgt 1
L6 4725 Trgt 2
R3 4930
R2 4898
R1 4851
Avg 4819
S1 4772
S2 4740
S3 4693
Nifty Spot-Trading Strategy
H6 4884 Trgt 2
H5 4866 Trgt 1
H4 4848 Long breakout
H3 4826 Go Short
H2 4819
H1 4812
L1 4797
L2 4790
L3 4783 Long
L4 4761 Short Breakout
L5 4743 Trgt 1
L6 4725 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 30-11-2011
Nifty(Dec Fut)-Levels
R3 4968
R2 4926
R1 4871
Avg 4829
S1 4774
S2 4732
S3 4677
Nifty(Dec Fut)-Trading Strategy
H6 4913 Trgt 2
H5 4891 Trgt 1
H4 4869 Long breakout
H3 4842 Go Short
H2 4833
H1 4824
L1 4807
L2 4798
L3 4789 Long
L4 4762 Short Breakout
L5 4740 Trgt 1
L6 4718 Trgt 2
R3 4968
R2 4926
R1 4871
Avg 4829
S1 4774
S2 4732
S3 4677
Nifty(Dec Fut)-Trading Strategy
H6 4913 Trgt 2
H5 4891 Trgt 1
H4 4869 Long breakout
H3 4842 Go Short
H2 4833
H1 4824
L1 4807
L2 4798
L3 4789 Long
L4 4762 Short Breakout
L5 4740 Trgt 1
L6 4718 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 30-11-2011
Bank Nifty(Dec Fut)-Levels
R3 9080
R2 8964
R1 8795
Avg 8679
S1 8510
S2 8394
S3 8225
Bank Nifty(Dec Fut)-Trading Strategy
H6 8914 Trgt 2
H5 8848 Trgt 1
H4 8783 Long breakout
H3 8705 Go Short
H2 8679
H1 8653
L1 8600
L2 8574
L3 8548 Long
L4 8470 Short Breakout
L5 8405 Trgt 1
L6 8339 Trgt 2
R3 9080
R2 8964
R1 8795
Avg 8679
S1 8510
S2 8394
S3 8225
Bank Nifty(Dec Fut)-Trading Strategy
H6 8914 Trgt 2
H5 8848 Trgt 1
H4 8783 Long breakout
H3 8705 Go Short
H2 8679
H1 8653
L1 8600
L2 8574
L3 8548 Long
L4 8470 Short Breakout
L5 8405 Trgt 1
L6 8339 Trgt 2
Pre-Closing Outlook(29-11-2011)
Nifty traded almost whole time between mentioned range(4790-4870) with intraday consolidation patterns therefore expected that finally continuation of previous week started rally will be seen despite today at this moment more than 1.00% down trading.
Next trend confirmation will be sustaining beyond mentioned range(4790-4870) therefore will be kept in mind and firstly watched tomorrow.
Next trend confirmation will be sustaining beyond mentioned range(4790-4870) therefore will be kept in mind and firstly watched tomorrow.
Mid-session Outlook(29-11-2011)
Intraday correctin and volatile market between 4790-4870 was expected for today and Nifty traded between 4802.85-4866.10 in first 4 hours today. Correction of previous week started rally is continued today and intraday support also seen between 4804-4822. As lower levels intraday support today therefore expected that rally will be seen after correction completion.
Mentioned range(4790-4870) break out will be next trend confirmation therefore will be kept in mind.
Mentioned range(4790-4870) break out will be next trend confirmation therefore will be kept in mind.
Next Rally Key in the hands of FDI in retail
(29-11-2011)
All the global markets closed strong yesterday but today is rest taking day and all the Asian markets are trading with modest gains. As climate is lukewarm today morning therefore Indian markets will also open flat and firstly trade near about yesterday closing within resistance range(4820-4870).
Pull back rally is on but very short term indicators are overbought after yesterday rally therefore minor intraday correction is due and that may be seen today and new phase of up moves will start after sustaining above mentioned resistance range.
Volatility is possible today due to following 2 reasons:-
1- Profit booking possibility on the back of heated sentiment.
2- Uncertainity due to FDI in retail issue.
FDI in retail is holding the key of next rally therefore its amicable solution is must for next rally above 4870. If situation worsen and Parliament does not work then it will badly hamper sentiment as well as previous week started rally.
Minor intraday corrections are part of pull back rallies and that may be seen today. Nifty will firstly trade and prepare for next moves betweeen 4790-4870,sustaining beyond this range will be next trend confirmation.
Fibonacci Retracement Levels
Nifty-EOD Chart(28-Nov-2011):-
Conclusions
Correcttion started on 28-10-2011 from 5400 and Pull Back Rally begun after its completion on 24-11-2011 at 4640. Fibonacci Retracement Levels of on going up moves are as follows:-
13.0%- 4738
23.6%- 4819
27.0%- 4845
38.2%- 4930
50.0%- 5020
61.8%- 5109
70.7%- 5177
76.4%- 5220
78.6%- 5237
88.6%- 5313
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| Just click on chart for its enlarged view |
Correcttion started on 28-10-2011 from 5400 and Pull Back Rally begun after its completion on 24-11-2011 at 4640. Fibonacci Retracement Levels of on going up moves are as follows:-
13.0%- 4738
23.6%- 4819
27.0%- 4845
38.2%- 4930
50.0%- 5020
61.8%- 5109
70.7%- 5177
76.4%- 5220
78.6%- 5237
88.6%- 5313
Technical Analysis and Research For 29-12-2011
Falling Channel Break Out
Nifty-EOD Chart(28-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- 3 Sessions consolidation at lower levels
2- Falling Channel Break out
Conclusions
Last 14 days falling channel break out today after 3 sessions consolidations and it is strong bullish indication therefore continuation of previous week rally will be seen in this week.
Nifty-EOD Chart(28-Nov-2011):-
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| Just click on chart for its enlarged view |
1- 3 Sessions consolidation at lower levels
2- Falling Channel Break out
Conclusions
Last 14 days falling channel break out today after 3 sessions consolidations and it is strong bullish indication therefore continuation of previous week rally will be seen in this week.
FII & DII trading activity in Capital Market Segment on 28-Nov-2011
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Nifty-Micro Analysis of Intra Day Chart For 29-12-2011
Nifty-Intra Day Chart(28-12-2011):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 4785-4825
2- Whole day trading between 4775-4857
Conclusions from intra day chart analysis
Strong rally after whole day consolidations today and no signs of selling therefore continuation of rally expected in the coming sessions. Next resistance is between 4820-4870 and Nifty traded last more than one hour within this range,sustaining above 4870 will mean sharp moves toward 5000 because next resistance is above it.
Expected that up moves will remain continued and Nifty will test levels above 5000 in the coming sessions.
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| Just click on chart for its enlarged view |
1- Consolidation between 4785-4825
2- Whole day trading between 4775-4857
Conclusions from intra day chart analysis
Strong rally after whole day consolidations today and no signs of selling therefore continuation of rally expected in the coming sessions. Next resistance is between 4820-4870 and Nifty traded last more than one hour within this range,sustaining above 4870 will mean sharp moves toward 5000 because next resistance is above it.
Expected that up moves will remain continued and Nifty will test levels above 5000 in the coming sessions.
Indian Stock Markets Closing Reports(28-Nov-2011)
Main features of today trading are as follows
1- All the Indices closed in Green with good gains.
2- Long white Candle.
3- Beginning of strong rally.
Ratios
Nifty Put Call Ratio: 1.04
Nifty P/E Ratio(28-Nov-2011): 17.56
Advances & Declines
BSE ADVANCES : 1922
BSE DECLINES : 879
NSE ADVANCES : 1119
NSE DECLINES : 337
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- -312950(-12.43%)
Nifty- 4700 PE(Dec)- +976450(+16.20%)
Nifty- 4800 CE(Dec)- -469600(-12.50%)
Nifty- 4800 PE(Dec)- +860550(+18.53%)
Nifty- 4900 CE(Dec)- +220650(+6.23%)
Nifty- 4900 PE(Dec)- +121250(+5.62%)
Closing
Nifty- closed at 4,851.30(+141.25 Points & +3.00%)
Sensex- closed at 16,167.13(+471.70 Points & +3.01%)
CNX MIDCAP - closed at 6,713.95(+116.25 Points & +1.76%)
BSE SMALL CAP- closed at 6,153.36(+103.97 Points & +1.72%)
1- All the Indices closed in Green with good gains.
2- Long white Candle.
3- Beginning of strong rally.
Ratios
Nifty Put Call Ratio: 1.04
Nifty P/E Ratio(28-Nov-2011): 17.56
Advances & Declines
BSE ADVANCES : 1922
BSE DECLINES : 879
NSE ADVANCES : 1119
NSE DECLINES : 337
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- -312950(-12.43%)
Nifty- 4700 PE(Dec)- +976450(+16.20%)
Nifty- 4800 CE(Dec)- -469600(-12.50%)
Nifty- 4800 PE(Dec)- +860550(+18.53%)
Nifty- 4900 CE(Dec)- +220650(+6.23%)
Nifty- 4900 PE(Dec)- +121250(+5.62%)
Closing
Nifty- closed at 4,851.30(+141.25 Points & +3.00%)
Sensex- closed at 16,167.13(+471.70 Points & +3.01%)
CNX MIDCAP - closed at 6,713.95(+116.25 Points & +1.76%)
BSE SMALL CAP- closed at 6,153.36(+103.97 Points & +1.72%)
Nifty Spot-Levels & Trading Strategy for 29-11-2011
Nifty(Dec Fut)-Levels
R3 5036
R2 4955
R1 4912
Avg 4831
S1 4788
S2 4707
S3 4664
Nifty(Dec Fut)-Trading Strategy
H6 4997 Trgt 2
H5 4967 Trgt 1
H4 4938 Long breakout
H3 4904 Go Short
H2 4892
H1 4881
L1 4858
L2 4847
L3 4835 Long
L4 4801 Short Breakout
L5 4772 Trgt 1
L6 4742 Trgt 2
R3 5036
R2 4955
R1 4912
Avg 4831
S1 4788
S2 4707
S3 4664
Nifty(Dec Fut)-Trading Strategy
H6 4997 Trgt 2
H5 4967 Trgt 1
H4 4938 Long breakout
H3 4904 Go Short
H2 4892
H1 4881
L1 4858
L2 4847
L3 4835 Long
L4 4801 Short Breakout
L5 4772 Trgt 1
L6 4742 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 29-11-2011
Nifty(Dec Fut)-Levels
R3 5036
R2 4955
R1 4912
Avg 4831
S1 4788
S2 4707
S3 4664
Nifty(Dec Fut)-Trading Strategy
H6 4997 Trgt 2
H5 4967 Trgt 1
H4 4938 Long breakout
H3 4904 Go Short
H2 4892
H1 4881
L1 4858
L2 4847
L3 4835 Long
L4 4801 Short Breakout
L5 4772 Trgt 1
L6 4742 Trgt 2
R3 5036
R2 4955
R1 4912
Avg 4831
S1 4788
S2 4707
S3 4664
Nifty(Dec Fut)-Trading Strategy
H6 4997 Trgt 2
H5 4967 Trgt 1
H4 4938 Long breakout
H3 4904 Go Short
H2 4892
H1 4881
L1 4858
L2 4847
L3 4835 Long
L4 4801 Short Breakout
L5 4772 Trgt 1
L6 4742 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 29-11-2011
Bank Nifty(Dec Fut)-Levels
R3 9141
R2 8981
R1 8895
Avg 8735
S1 8649
S2 8489
S3 8403
Bank Nifty(Dec Fut)-Trading Strategy
H6 9061 Trgt 2
H5 9002 Trgt 1
H4 8944 Long breakout
H3 8876 Go Short
H2 8854
H1 8831
L1 8786
L2 8763
L3 8741 Long
L4 8673 Short Breakout
L5 8615 Trgt 1
L6 8556 Trgt 2
R3 9141
R2 8981
R1 8895
Avg 8735
S1 8649
S2 8489
S3 8403
Bank Nifty(Dec Fut)-Trading Strategy
H6 9061 Trgt 2
H5 9002 Trgt 1
H4 8944 Long breakout
H3 8876 Go Short
H2 8854
H1 8831
L1 8786
L2 8763
L3 8741 Long
L4 8673 Short Breakout
L5 8615 Trgt 1
L6 8556 Trgt 2
Bullish Bombs ready to Blast
That more than 3% strong rally seen today which was clearly projected in all the outlooks for today and this week. Nifty is trading between resistance range(4820-4870) and intraday patterns are showing consolidation therefore expected that mentioned resistance will be crossed and bullish rally will continue in the coming sessions.
Mid-session Outlook(28-11-2011)
First 3 hours trading between 4785-4812 and Nifty is slipping from intraday higher levels. As sentiment turned heated therefore some volatility is possible but finally continuation of rally is expected after consolidations.
Pull Back Rally is on
Pre-open Outlook(28-11-2011)
Technical Analysis and Research of EOD,Nifty Intra Day Chart,Technical Positions and next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-
Pull Back Rally will continue in next week
US Futures and all the Asian markets are more than 1% to 1.9% up today morning therefore gap up opening will be seen today morning. As up moves and Pull Back rally continuation was expected therefore it was clearly projected on 25-11-2011 and 26-11-2011 in following manner:-
Following line was told in Pre-Closing Outlook before the closing of last Friday market:-
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
Following line was also told in Pull Back Rally will continue in next week
Trend reversal broadening pattern formation at the bottom and lower levels supports also in previous week therefore expected that Indian markets will consolidate and finally cross higher levels resistances in the coming week.
As some selling was seen between 4745-4767 last Friday therefore Nifty will firstly consolidate near about above range and expected that finally up moves will be seen today and previous week started Pull Back Rally will remain continued with today positive market.
Technical Analysis and Research of EOD,Nifty Intra Day Chart,Technical Positions and next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-
Pull Back Rally will continue in next week
US Futures and all the Asian markets are more than 1% to 1.9% up today morning therefore gap up opening will be seen today morning. As up moves and Pull Back rally continuation was expected therefore it was clearly projected on 25-11-2011 and 26-11-2011 in following manner:-
Following line was told in Pre-Closing Outlook before the closing of last Friday market:-
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
Following line was also told in Pull Back Rally will continue in next week
Trend reversal broadening pattern formation at the bottom and lower levels supports also in previous week therefore expected that Indian markets will consolidate and finally cross higher levels resistances in the coming week.
As some selling was seen between 4745-4767 last Friday therefore Nifty will firstly consolidate near about above range and expected that finally up moves will be seen today and previous week started Pull Back Rally will remain continued with today positive market.
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