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Indian Stock Markets Closing Reports(02-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Green at top of the day.
2- Long White Candle.
3- Srtong rally today.
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(02-Dec-2011): 18.28
Advances & Declines
BSE ADVANCES : 1763
BSE DECLINES : 1036
NSE ADVANCES : 1002
NSE DECLINES : 403
Nifty Open Interest Changed Today
Nifty- 4900 CE(Dec)- -93850(-2.50%)
Nifty- 4900 PE(Dec)- +1445650(+40.99%)
Nifty- 5600 CE(Dec)- -569350(-9.55%)
Nifty- 5600 PE(Dec)- +1426950(+1426950%)
Nifty- 5100 CE(Dec)- -710800(-11.48%)
Nifty- 5100 PE(Dec)- +1608500(+66.05%)
Closing
Nifty- closed at 5,050.15(+113.30 Points & +2.29%)
Sensex- closed at 16,846.83(+363.38 Points & +2.20%)
CNX MIDCAP - closed at 6,819.35(+112.30 Points & +1.67%)
BSE SMALL CAP- closed at 6,190.03(+66.32 Points & +1.08%)
1- All the Indices closed in Green at top of the day.
2- Long White Candle.
3- Srtong rally today.
Ratios
Nifty Put Call Ratio: 0.96
Nifty P/E Ratio(02-Dec-2011): 18.28
Advances & Declines
BSE ADVANCES : 1763
BSE DECLINES : 1036
NSE ADVANCES : 1002
NSE DECLINES : 403
Nifty Open Interest Changed Today
Nifty- 4900 CE(Dec)- -93850(-2.50%)
Nifty- 4900 PE(Dec)- +1445650(+40.99%)
Nifty- 5600 CE(Dec)- -569350(-9.55%)
Nifty- 5600 PE(Dec)- +1426950(+1426950%)
Nifty- 5100 CE(Dec)- -710800(-11.48%)
Nifty- 5100 PE(Dec)- +1608500(+66.05%)
Closing
Nifty- closed at 5,050.15(+113.30 Points & +2.29%)
Sensex- closed at 16,846.83(+363.38 Points & +2.20%)
CNX MIDCAP - closed at 6,819.35(+112.30 Points & +1.67%)
BSE SMALL CAP- closed at 6,190.03(+66.32 Points & +1.08%)
Nifty Spot-Levels & Trading Strategy for 05-12-2011
Nifty Spot-Levels
R3 5246
R2 5154
R1 5102
Avg 5010
S1 4958
S2 4866
S3 4814
Nifty Spot-Trading Strategy
H6 5197 Trgt 2
H5 5163 Trgt 1
H4 5129 Long breakout
H3 5089 Go Short
H2 5076
H1 5063
L1 5036
L2 5023
L3 5010 Long
L4 4970 Short Breakout
L5 4936 Trgt 1
L6 4902 Trgt 2
R3 5246
R2 5154
R1 5102
Avg 5010
S1 4958
S2 4866
S3 4814
Nifty Spot-Trading Strategy
H6 5197 Trgt 2
H5 5163 Trgt 1
H4 5129 Long breakout
H3 5089 Go Short
H2 5076
H1 5063
L1 5036
L2 5023
L3 5010 Long
L4 4970 Short Breakout
L5 4936 Trgt 1
L6 4902 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 05-12-2011
Nifty(Dec Fut)-Levels
R3 5291
R2 5192
R1 5136
Avg 5037
S1 4981
S2 4882
S3 4826
Nifty(Dec Fut)-Trading Strategy
H6 5239 Trgt 2
H5 5202 Trgt 1
H4 5165 Long breakout
H3 5122 Go Short
H2 5108
H1 5094
L1 5065
L2 5051
L3 5037 Long
L4 4994 Short Breakout
L5 4957 Trgt 1
L6 4920 Trgt 2
R3 5291
R2 5192
R1 5136
Avg 5037
S1 4981
S2 4882
S3 4826
Nifty(Dec Fut)-Trading Strategy
H6 5239 Trgt 2
H5 5202 Trgt 1
H4 5165 Long breakout
H3 5122 Go Short
H2 5108
H1 5094
L1 5065
L2 5051
L3 5037 Long
L4 4994 Short Breakout
L5 4957 Trgt 1
L6 4920 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 05-12-2011
Bank Nifty(Dec Fut)-Levels
R3 9688
R2 9460
R1 9333
Avg 9105
S1 8978
S2 8750
S3 8623
Bank Nifty(Dec Fut)-Trading Strategy
H6 9575 Trgt 2
H5 9488 Trgt 1
H4 9402 Long breakout
H3 9304 Go Short
H2 9272
H1 9239
L1 9174
L2 9141
L3 9109 Long
L4 9011 Short Breakout
L5 8925 Trgt 1
L6 8838 Trgt 2
R3 9688
R2 9460
R1 9333
Avg 9105
S1 8978
S2 8750
S3 8623
Bank Nifty(Dec Fut)-Trading Strategy
H6 9575 Trgt 2
H5 9488 Trgt 1
H4 9402 Long breakout
H3 9304 Go Short
H2 9272
H1 9239
L1 9174
L2 9141
L3 9109 Long
L4 9011 Short Breakout
L5 8925 Trgt 1
L6 8838 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Dec 05 to Dec 09,2011)
Nifty Spot-Weekly Levels
R3 5463
R2 5262
R1 5156
Avg 4955
S1 4849
S2 4648
S3 4542
Nifty Spot-Weekly Trading Strategy
H6 5376 Trgt 2
H5 5297 Trgt 1
H4 5218 Long breakout
H3 5134 Go Short
H2 5106
H1 5078
L1 5021
L2 4993
L3 4965 Long
L4 4881 Short Breakout
L5 4802 Trgt 1
L6 4723 Trgt 2
R3 5463
R2 5262
R1 5156
Avg 4955
S1 4849
S2 4648
S3 4542
Nifty Spot-Weekly Trading Strategy
H6 5376 Trgt 2
H5 5297 Trgt 1
H4 5218 Long breakout
H3 5134 Go Short
H2 5106
H1 5078
L1 5021
L2 4993
L3 4965 Long
L4 4881 Short Breakout
L5 4802 Trgt 1
L6 4723 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Dec 05 to Dec 09,2011)
Bank Nifty Spot-Weekly Levels
R3 10128
R2 9664
R1 9418
Avg 8954
S1 8708
S2 8244
S3 7998
Bank Nifty Spot-Weekly Trading Strategy
H6 9939 Trgt 2
H5 9750 Trgt 1
H4 9562 Long breakout
H3 9367 Go Short
H2 9302
H1 9237
L1 9106
L2 9041
L3 8976 Long
L4 8781 Short Breakout
L5 8593 Trgt 1
L6 8404 Trgt 2
R3 10128
R2 9664
R1 9418
Avg 8954
S1 8708
S2 8244
S3 7998
Bank Nifty Spot-Weekly Trading Strategy
H6 9939 Trgt 2
H5 9750 Trgt 1
H4 9562 Long breakout
H3 9367 Go Short
H2 9302
H1 9237
L1 9106
L2 9041
L3 8976 Long
L4 8781 Short Breakout
L5 8593 Trgt 1
L6 8404 Trgt 2
Pre-Closing Outlook(02-12-2011)
As market slipped from higher levels yesterday therefore we were cautiously Bullish and expecting rally above 5000 in next week but sharp surge above 5000 seen today because recovery in Asian markets and gap up opening in European markets as well as positive US Futures.
Rally is very much on above 5000 and expected that next resistance above 5000 will be crossed in next week. We are posting only Bullish views from 23-11-2011 and detailed analysis of Indian market has also been updated in following topic today:-
Bulls are charging to beat Bears
How and from which levels on going Bullish rally built up? Just click following link and go through:-
Live Proofs Bullish Indian Markets 16 Predicions from 23-11-2011
Rally is on and its continuation is expected in the next week but sentiment is heated at this moment therefore buying should be done after minor intraday correction.
Rally is very much on above 5000 and expected that next resistance above 5000 will be crossed in next week. We are posting only Bullish views from 23-11-2011 and detailed analysis of Indian market has also been updated in following topic today:-
Bulls are charging to beat Bears
How and from which levels on going Bullish rally built up? Just click following link and go through:-
Live Proofs Bullish Indian Markets 16 Predicions from 23-11-2011
Rally is on and its continuation is expected in the next week but sentiment is heated at this moment therefore buying should be done after minor intraday correction.
Mid-session Outlook-3(02-12-2011)
All the Asian markets recovers from lower levels. us and European markets Futores are also .40% to 1% tp therefore sentiment improved and Indian markets also bounced from intraday lower levels.
Nifty retraced from 4980 yesterday and sustaining above today will be confirmation of trading between next resistance range above 5000. As sentiment is improving from positive news flow from therefore continuation of rally above 5000 is expected in next week.
Nifty retraced from 4980 yesterday and sustaining above today will be confirmation of trading between next resistance range above 5000. As sentiment is improving from positive news flow from therefore continuation of rally above 5000 is expected in next week.
Mid-session Outlook-2(02-12-2011)
4950 broken out but without force therefore sustaining above is must for next very short term up move confirmation. As Nifty reversed from 4980 yesterday therefore fresh and complete consolidation is required for between 4950-4980 for a decisive break out of yesterday range.
Market is preparing for next decisive moves and it will take its own time between yesterday trading range. Let market prepare and final conclusions come then will be updated accordingly from intraday charts analysis.
Waiting for fresh decisive moves confirmations because Nifty faced resistance at 5000 yesterday.
Market is preparing for next decisive moves and it will take its own time between yesterday trading range. Let market prepare and final conclusions come then will be updated accordingly from intraday charts analysis.
Waiting for fresh decisive moves confirmations because Nifty faced resistance at 5000 yesterday.
Mid-session Outlook(02-12-2011)
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.
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.
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| 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
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