30 Points first 2 hours trading range(4920-4950) today with both positions of minor buying at lower levels and selling signals also at higher levels therefore view is cautious and break out of today trading range will be firstly watched for next very short term moves confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(02-12-2011)
Although market is positive but selling signals emerged in last half hour therefore view is cautious and break out of today trading range(4920-4950) will be firstly watched for next very short term moves confirmations.
Pre-open Outlook(02-12-2011)
Global markets and Futures are almost flat therefore sentiment is quiet and almost flat opening will be seen in Indian markets and following last lines of previous outlook are being repeated for next moves:-
Expected that Nifty will firstly trade and prepare for next moves between yesterday trading range 4917-5011 and sustaining beyond this range will be next moves confirmation. As intraday consolidation patterns yesterday therefore possibility of crossing and sustaining above 5011 is high in the coming week.
Expected that Nifty will firstly trade and prepare for next moves between yesterday trading range 4917-5011 and sustaining beyond this range will be next moves confirmation. As intraday consolidation patterns yesterday therefore possibility of crossing and sustaining above 5011 is high in the coming week.
Bulls are charging to beat Bears
Technical Analysis,Research
& Indian Markets Outlook
Nifty-EOD Chart(01-Dec-2011):-
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| Just click on chart for its enlarged view |
1- Pull Back Rally started from 4640.
2- It has almost tested 50% retracement level(5020) when made high at 5011.9 on 01-12-2011.
3- Gap Support between 5852-4917 on 01-12-2011.
Technical Positions of Indian Stock markets are as follows:-
Trends are as follows:-
1- Long term trend is down and will be up after sustaining above 200 Day SMA(Today is at 5345)
2- Intermediate term trend is down and will be up after sustaining above 55 Day SMA(Today is at 5019)
3- Short term trend is up and will be down after sustaining below mentioned first support range(4755)
Next resistances between 5000-5400 are as follows:-
1- 5000-5060
2- 5130-5225
3- 5260-5310
4- 5340-5365
Next Supports at lower levels of the on going pull back rally are as follows:-
1- 4755-4800
2- 4645-4720
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
Conclusions (After Putting All Studies Together)
Rally started on 24-11-2011 from 4640 and its first target of 5000 was also updated on 28-11-2011 and following line was told in Nifty-Micro Analysis of Intra Day Chart For 29-12-2011:-
sustaining above 4870 will mean sharp moves toward 5000 because next resistance is above it.
Nifty tested 5000 on 01-12-2011 and retraced after faced resistance 1st support range. Long and Intermediate term trends are down,multiple resistances between 5000-5400 and market has to consolidate before any up move between this range. Just click following links to understand Indian markets long term technical positions;-
1- Pull Back Rally will continue in next week
2- Rally will contine within most Crucial Trend deciding Range
As last 13 months down moves charts structure is showing Falling Channel Correction pattern and trend reversal broadening pattern at the bottom as well as last 3 months range bound market therefore I am again repeating following lines which I told in Rally will contine within most Crucial Trend deciding Range:-
Almost 13 Months correction and finally previous 4 months range bound markets. As trend reversal Broadening Pattern formations at the bottom of correction therefore expected that much deeper correction will not be seen and any up moves from any point will finally prove impulsive Wave-5 toward all time high above 6357.10(on 08-01-2008).
This possibility can not be ruled out that the rally which started on 24-11-2011 from 4640 may cross all time high above 6357.10 in the coming year. As and when market will move up and cross next crucial levels then fate of on going rally will be decided according to break outs and next moves confirmations.
Market faced intraday resistance yesterday and require complete consolidation to cross multiple resistances between 5000-5365 and Long term up trend confirmation will be sustaining above 200 Day SMA(Today is at 5345)
Expected that Nifty will firstly trade and prepare for next moves between yesterday trading range 4917-5011 and sustaining beyond this range will be next moves confirmation. As intraday consolidation patterns yesterday therefore possibility of crossing and sustaining above 5011 is high in the coming week.
Nifty-Micro Analysis of Intra Day Chart For 02-12-2011
Nifty-Intra Day Chart(01-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Whole day mixed patterns between 4920-4980
2- Whole day trading between 4920-4980
Conclusions from intra day chart analysis
Firstly lower levels consolidations in previous 5 sessions and after that more than 3% gap up opening was seen today. As today huge gap up was on the back of global global blasting markets also therefore sentiment was heated and market slipped from higher levels. Profit booking possibility can not be ruled out today but intraday trading patterns are showing consolidation patterns therefore confirmation is required from sustaining beyond today trading range.
In fact we never add anything from our side and whatsoever market shows so tells always. We told following line before the closing of today market in Pre-Closing Outlook today:-
Nifty traded most of the time between 4920-4980 with intraday mixed pattrens
Our intraday mixed pattrens analysis proved 100% accurate today FII AND DII trading data is confirming it which was updated in nseindis.com after 05:30 PM today;-
1- FII are net buyers by Rs.687.26 Crores
2- DII are net sellers by Rs.713.08 Crores
Almost equal buying and selling positions of today by FII and DII therefore both buying and selling positions were created today and we told for intraday mixed patterns before the closing of today market as well as declaration of above data.
Market require complete intraday selling patterns for reversal of on going rally but it was not seen today. Although intraday consolidation patterns today but market could not hold at higher levels also and slipped therefore mixed intraday patterns today and follow up tomorrow intraday moves will give first indication and finally sustaining beyond today trading range(4920-4980) will give next moves confirmations.
Above conclusions are only from today intraday charts analysis. other analysis and possibilities will be updated in next outlook before beginning of tomorrow trading hours.
 |
| Just click on chart for its enlarged view |
1- Whole day mixed patterns between 4920-4980
2- Whole day trading between 4920-4980
Conclusions from intra day chart analysis
Firstly lower levels consolidations in previous 5 sessions and after that more than 3% gap up opening was seen today. As today huge gap up was on the back of global global blasting markets also therefore sentiment was heated and market slipped from higher levels. Profit booking possibility can not be ruled out today but intraday trading patterns are showing consolidation patterns therefore confirmation is required from sustaining beyond today trading range.
In fact we never add anything from our side and whatsoever market shows so tells always. We told following line before the closing of today market in Pre-Closing Outlook today:-
Nifty traded most of the time between 4920-4980 with intraday mixed pattrens
Our intraday mixed pattrens analysis proved 100% accurate today FII AND DII trading data is confirming it which was updated in nseindis.com after 05:30 PM today;-
1- FII are net buyers by Rs.687.26 Crores
2- DII are net sellers by Rs.713.08 Crores
Almost equal buying and selling positions of today by FII and DII therefore both buying and selling positions were created today and we told for intraday mixed patterns before the closing of today market as well as declaration of above data.
Market require complete intraday selling patterns for reversal of on going rally but it was not seen today. Although intraday consolidation patterns today but market could not hold at higher levels also and slipped therefore mixed intraday patterns today and follow up tomorrow intraday moves will give first indication and finally sustaining beyond today trading range(4920-4980) will give next moves confirmations.
Above conclusions are only from today intraday charts analysis. other analysis and possibilities will be updated in next outlook before beginning of tomorrow trading hours.
FII & DII trading activity in Capital Market Segment on 01-Dec-2011
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Indian Stock Markets Closing Reports(01-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Green after gap op opening.
2- More than 2% pisitive closing but Candle is Black.
3- Nifty tested 5000 but slips.
Ratios
Nifty Put Call Ratio :1.11
Nifty P/E Ratio(01-Dec-2011): 17.87
Advances & Declines
BSE ADVANCES : 1674
BSE DECLINES : 1144
NSE ADVANCES : 940
NSE DECLINES : 484
Nifty Open Interest Changed Today
Nifty- 4900 CE(Dec)- -230450(-5.79%)
Nifty- 4900 PE(Dec)- +1480200(+64.35%)
Nifty- 5000 CE(Dec)- +531600(+9.50%)
Nifty- 5000 PE(Dec)- +1216900(+47.91%)
Closing
Nifty- closed at 4,936.85(+104.80 Points & +2.17%)
Sensex- closed at 16,483.45(+359.99 Points & +2.23% )
CNX MIDCAP - closed at 6,707.05(+66Points & +0.99%)
BSE SMALL CAP- closed at 6,123.71(+26.45 Points & +0.43%)
1- All the Indices closed in Green after gap op opening.
2- More than 2% pisitive closing but Candle is Black.
3- Nifty tested 5000 but slips.
Ratios
Nifty Put Call Ratio :1.11
Nifty P/E Ratio(01-Dec-2011): 17.87
Advances & Declines
BSE ADVANCES : 1674
BSE DECLINES : 1144
NSE ADVANCES : 940
NSE DECLINES : 484
Nifty Open Interest Changed Today
Nifty- 4900 CE(Dec)- -230450(-5.79%)
Nifty- 4900 PE(Dec)- +1480200(+64.35%)
Nifty- 5000 CE(Dec)- +531600(+9.50%)
Nifty- 5000 PE(Dec)- +1216900(+47.91%)
Closing
Nifty- closed at 4,936.85(+104.80 Points & +2.17%)
Sensex- closed at 16,483.45(+359.99 Points & +2.23% )
CNX MIDCAP - closed at 6,707.05(+66Points & +0.99%)
BSE SMALL CAP- closed at 6,123.71(+26.45 Points & +0.43%)
Nifty Spot-Levels & Trading Strategy for 02-12-2011
Nifty Spot-Levels
R3 5087
R2 5049
R1 4992
Avg 4954
S1 4897
S2 4859
S3 4802
Nifty Spot-Trading Strategy
H6 5031 Trgt 2
H5 5009 Trgt 1
H4 4988 Long breakout
H3 4962 Go Short
H2 4953
H1 4944
L1 4927
L2 4918
L3 4909 Long
L4 4883 Short Breakout
L5 4862 Trgt 1
L6 4840 Trgt 2
R3 5087
R2 5049
R1 4992
Avg 4954
S1 4897
S2 4859
S3 4802
Nifty Spot-Trading Strategy
H6 5031 Trgt 2
H5 5009 Trgt 1
H4 4988 Long breakout
H3 4962 Go Short
H2 4953
H1 4944
L1 4927
L2 4918
L3 4909 Long
L4 4883 Short Breakout
L5 4862 Trgt 1
L6 4840 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 02-12-2011
Nifty(Dec Fut)-Levels
R3 5085
R2 5050
R1 5006
Avg 4971
S1 4927
S2 4892
S3 4848
Nifty(Dec Fut)-Trading Strategy
H6 5042 Trgt 2
H5 5024 Trgt 1
H4 5006 Long breakout
H3 4984 Go Short
H2 4977
H1 4970
L1 4955
L2 4948
L3 4941 Long
L4 4919 Short Breakout
L5 4901 Trgt 1
L6 4883 Trgt 2
R3 5085
R2 5050
R1 5006
Avg 4971
S1 4927
S2 4892
S3 4848
Nifty(Dec Fut)-Trading Strategy
H6 5042 Trgt 2
H5 5024 Trgt 1
H4 5006 Long breakout
H3 4984 Go Short
H2 4977
H1 4970
L1 4955
L2 4948
L3 4941 Long
L4 4919 Short Breakout
L5 4901 Trgt 1
L6 4883 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 02-12-2011
Bank Nifty(Dec Fut)-Levels
R3 9223
R2 9124
R1 9023
Avg 8924
S1 8823
S2 8724
S3 8623
Bank Nifty(Dec Fut)-Trading Strategy
H6 9124 Trgt 2
H5 9078 Trgt 1
H4 9032 Long breakout
H3 8977 Go Short
H2 8958
H1 8940
L1 8903
L2 8885
L3 8867 Long
L4 8812 Short Breakout
L5 8765 Trgt 1
L6 8719 Trgt 2
R3 9223
R2 9124
R1 9023
Avg 8924
S1 8823
S2 8724
S3 8623
Bank Nifty(Dec Fut)-Trading Strategy
H6 9124 Trgt 2
H5 9078 Trgt 1
H4 9032 Long breakout
H3 8977 Go Short
H2 8958
H1 8940
L1 8903
L2 8885
L3 8867 Long
L4 8812 Short Breakout
L5 8765 Trgt 1
L6 8719 Trgt 2
Pre-Closing Outlook(01-12-2011)
Nifty traded most of the time between 4920-4980 with intraday mixed pattrens and suggesting for confirmations through sustaining beyond today trading range.
Mid-session Outlook(01-12-2011)
Pull Back rally is on after huge gap up opening today and Nifty is sustaining at higher levels. Although Market slipped from intraday higher levels but no selling signal yet and market require complete selling patterns for sustained down moves.
As intraday charts are suggesting consolidation pattern therefore finally upmobes are expected after 1/2 days consolidation near 5000.
Live Proofs Bullish Indian Markets 16 Predicions from 23-11-2011
Pre-open Outlook(01-12-2011)
When all the global markets are blasting and SGX Nifty is more than 160 points up then anyone can say for strong Indian markets but when;-
1- When global markets were dipping
2- When FIIs were selling
3- When Indian Rupeee was sliping
4- When most of the News Channels were telling for most bearish markets
5- When most of the experts were telling for Bearish markets and also updating for Nifty at 4500/4200/4000/3800/3500
we started to tell for Bullish Indian markets from 23-11-2011and repeated 16 times again and again daily in 4 Forums,2 News Papers and in our Website.
Those live proofs are as follows which all will always accept and no one can deny and if anybody have any doubt then can verify on his own from any of above mentioned updating sources;-
1- Confirmation required for 64 sessions range(4720) breaking down(23-11-2011)
Indian markets are prepared for a strong bounce back and if Nifty sustains above 4720 then strong pull back rally will be seen.
2- Mid-session Outlook(24-11-2011)
As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered and sustaing above 4678 will be confirmation of fresh up moves after correction completion therefore should be kept in mind.
3- Pre-Closing Outlook(24-11-2011)
Nifty moved above 4720 after getting strong support at 4640 and again entered between 64 sessions range. More up moves are expected after correction completion confirmations.
4- Pull Back rally is on after correction completion(24-11-2011)
Pull Back Rally commenced after correction completion today and crossing as well as sustaining above 4890 will be confirmation of strong up moves.
5- Up move expectations were told at 10:12:00 AM on Post-open Outlook(25-11-2011)
As first 45 minutes intraday patterns showed consolidations patterns between 4700-4720 therefore up move expectations are alive after follow up consolidations despite depressing global sentiment.
6- Bearish view was not told despite Red closing in Pre-Closing Outlook(25-11-2011)
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
7- Bearish view was not told despite Red closing in Pre-Closing Outlook(25-11-2011)
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today
8- Bullish market was proved on 26-11-2011 in Pull Back Rally will continue in next week and following line was told:-
Pull Back Rally has begun in previous week and will remain continued in the coming week.
9- Pull Back Rally is on (28-11-2011)
finally up moves will be seen today and previous week started Pull Back Rally will remain continued with today positive market.
10- Mid-session Outlook(28-11-2011)
finally continuation of rally is expected after consolidations.
11- Bullish Bombs ready to Blast(28-11-2011)
expected that mentioned resistance will be crossed and bullish rally will continue in the coming sessions.
12- Technical Analysis and Research For 29-12-2011
strong bullish indication therefore continuation of previous week rally will be seen in this week.
13- Fibonacci Retracement Levels(28-Nov-2011):
Pull Back Rally begun after its completion on 24-11-2011 at 4640. Fibonacci Retracement Levels of on going up moves are as follows:-
14- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
Technically Indian markets are riped for a strong Pull Back Rally
15- Rally will contine within most Crucial Trend deciding Range(30-Nov-2011)
intraday charts of yesterday are showing consolidation patterns therefore firstly continuation of rally is expected within 65 Sessions range(4720-5229).
16- Pre-Closing Outlook(30-11-2011)
As intraday consolidation pateerns today also and continuation of rally expected in the coming sessions.
We are having more than 4 Years record of such accurate Indian markets predictions
US and European markets blasted yesterday and resultant good fireworks in all Asian markets and all the Asian markets are 2% to 5% up today morning. Rally is very much on in Indian markets and all the Indian markets strong up moves will be seen in Indian markets after gap up opening today and Green closing will be seen today after whole day positive zone trading.
Nifty-Micro Analysis of Intra Day Chart For 01-12-2011
Rally is on after correction completion
Nifty-Intra Day Chart(30-Nov-2011):-
Technical Patterns and Formations in today intraday charts
1- Support between 4758-4775
2- Support between 4780-4800
3- Consolidation Patterns
4- Whole day consolidation Patterns
5- Whole day trading between 4755-4851
Conclusions
Rally continuation after correction completion has already been updated in following 4 topics today and yesterday. Today intraday charts are also showing consolidation patterns therefore expected that rally will remain continued in the coming sessions;-
1-Pre-Closing Outlook(30-11-2011)
2- Rally will contine within most Crucial Trend deciding Range
3- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
4- Pre-Closing Outlook(29-11-2011)
Nifty-Intra Day Chart(30-Nov-2011):-
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| Just click on chart for its enlarged view |
1- Support between 4758-4775
2- Support between 4780-4800
3- Consolidation Patterns
4- Whole day consolidation Patterns
5- Whole day trading between 4755-4851
Conclusions
Rally continuation after correction completion has already been updated in following 4 topics today and yesterday. Today intraday charts are also showing consolidation patterns therefore expected that rally will remain continued in the coming sessions;-
1-Pre-Closing Outlook(30-11-2011)
2- Rally will contine within most Crucial Trend deciding Range
3- Nifty-Micro Analysis of Intra Day Chart For 30-11-2011
4- Pre-Closing Outlook(29-11-2011)
Indian Stock Markets Closing Reports(30-Nov-2011)
Main features of today trading are as follows
1- Bench mark Indices closed in Green.
2- Consolidation patterns in almost all Indices and up moves are expected in the coming sessions.
3- White Candle.
Ratios
Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(01-Dec-2011): 17.49
Advances & Declines
BSE ADVANCES : 1184
BSE DECLINES : 1553
NSE ADVANCES : 516
NSE DECLINES : 907
Nifty Open Interest Changed Today
Nifty- 4800 CE(Dec)- +427200(+12.05%)
Nifty- 4800 PE(Dec)- +286650(+5.50%)
Nifty- 4900 CE(Dec)- -507550(-10.94%)
Nifty- 4900 PE(Dec)- -99650(-4.15%)
Closing
Nifty- closed at 4,832.05(+26.95 Points & +0.56%)
Sensex- closed at 16,123.46(+115.12 Points & +0.72% )
CNX MIDCAP - closed at 6,641.05(-13.55 Points & -0.20%)
BSE SMALL CAP- closed at 6,097.26(-44.90 Points & -0.73%)
1- Bench mark Indices closed in Green.
2- Consolidation patterns in almost all Indices and up moves are expected in the coming sessions.
3- White Candle.
Ratios
Nifty Put Call Ratio: 1.03
Nifty P/E Ratio(01-Dec-2011): 17.49
Advances & Declines
BSE ADVANCES : 1184
BSE DECLINES : 1553
NSE ADVANCES : 516
NSE DECLINES : 907
Nifty Open Interest Changed Today
Nifty- 4800 CE(Dec)- +427200(+12.05%)
Nifty- 4800 PE(Dec)- +286650(+5.50%)
Nifty- 4900 CE(Dec)- -507550(-10.94%)
Nifty- 4900 PE(Dec)- -99650(-4.15%)
Closing
Nifty- closed at 4,832.05(+26.95 Points & +0.56%)
Sensex- closed at 16,123.46(+115.12 Points & +0.72% )
CNX MIDCAP - closed at 6,641.05(-13.55 Points & -0.20%)
BSE SMALL CAP- closed at 6,097.26(-44.90 Points & -0.73%)
FII & DII trading activity in Capital Market Segment on 30-Nov-2011
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Nifty Spot-Levels & Trading Strategy for 01-12-2011
Nifty Spot-Levels
R3 4967
R2 4909
R1 4870
Avg 4812
S1 4773
S2 4715
S3 4676
Nifty Spot-Trading Strategy
H6 4930 Trgt 2
H5 4907 Trgt 1
H4 4885 Long breakout
H3 4858 Go Short
H2 4849
H1 4840
L1 4823
L2 4814
L3 4805 Long
L4 4778 Short Breakout
L5 4756 Trgt 1
L6 4733 Trgt 2
R3 4967
R2 4909
R1 4870
Avg 4812
S1 4773
S2 4715
S3 4676
Nifty Spot-Trading Strategy
H6 4930 Trgt 2
H5 4907 Trgt 1
H4 4885 Long breakout
H3 4858 Go Short
H2 4849
H1 4840
L1 4823
L2 4814
L3 4805 Long
L4 4778 Short Breakout
L5 4756 Trgt 1
L6 4733 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 01-12-2011
Nifty(Dec Fut)-Levels
R3 4983
R2 4922
R1 4877
Avg 4816
S1 4771
S2 4710
S3 4665
Nifty(Dec Fut)-Trading Strategy
H6 4939 Trgt 2
H5 4915 Trgt 1
H4 4890 Long breakout
H3 4861 Go Short
H2 4851
H1 4841
L1 4822
L2 4812
L3 4802 Long
L4 4773 Short Breakout
L5 4749 Trgt 1
L6 4724 Trgt 2
R3 4983
R2 4922
R1 4877
Avg 4816
S1 4771
S2 4710
S3 4665
Nifty(Dec Fut)-Trading Strategy
H6 4939 Trgt 2
H5 4915 Trgt 1
H4 4890 Long breakout
H3 4861 Go Short
H2 4851
H1 4841
L1 4822
L2 4812
L3 4802 Long
L4 4773 Short Breakout
L5 4749 Trgt 1
L6 4724 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 01-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8945
R2 8832
R1 8696
Avg 8583
S1 8447
S2 8334
S3 8198
Bank Nifty(Dec Fut)-Trading Strategy
H6 8812 Trgt 2
H5 8755 Trgt 1
H4 8697 Long breakout
H3 8629 Go Short
H2 8606
H1 8583
L1 8538
L2 8515
L3 8492 Long
L4 8424 Short Breakout
L5 8366 Trgt 1
L6 8309 Trgt 2
R3 8945
R2 8832
R1 8696
Avg 8583
S1 8447
S2 8334
S3 8198
Bank Nifty(Dec Fut)-Trading Strategy
H6 8812 Trgt 2
H5 8755 Trgt 1
H4 8697 Long breakout
H3 8629 Go Short
H2 8606
H1 8583
L1 8538
L2 8515
L3 8492 Long
L4 8424 Short Breakout
L5 8366 Trgt 1
L6 8309 Trgt 2
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