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Indian Stock Markets Closing Reports(13-Dec-2011)
Main features of today trading are as follows
1- Green closing.
2- White Candle.
3- Volatile market today
Ratios
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(13-Dec-2011): 17.38
Advances & Declines
BSE ADVANCES : 1105
BSE DECLINES : 1626
NSE ADVANCES : 519
NSE DECLINES : 905
Nifty Open Interest Changed Today
Nifty- 4600 CE(Dec)- +130650(+30.95%)
Nifty- 4600 PE(Dec)- +161250(+3.21%)
Nifty- 4700 CE(Dec)- +599250(+23.61%)
Nifty- 4700 PE(Dec)- +330500(+3.92%)
Nifty- 4800 CE(Dec)- +54300(+1.33%)
Nifty- 4800 PE(Dec)- +66050(+1.13%)
Nifty- 4900 CE(Dec)- +309900(+6.79%)
Nifty- 4900 PE(Dec)- -97150(-2.25%)
Closing
Nifty- closed at 4,800.60 (+36.00 Points & +0.76%)
Sensex- closed at 16,002.51(+132.16 Points & +0.83% )
CNX MIDCAP - closed at 6,492.05(-22.95 Points & -0.35%)
BSE SMALL CAP- closed at 5,918.17(-42.31 Points & -0.71%)
1- Green closing.
2- White Candle.
3- Volatile market today
Ratios
Nifty Put Call Ratio: 0.91
Nifty P/E Ratio(13-Dec-2011): 17.38
Advances & Declines
BSE ADVANCES : 1105
BSE DECLINES : 1626
NSE ADVANCES : 519
NSE DECLINES : 905
Nifty Open Interest Changed Today
Nifty- 4600 CE(Dec)- +130650(+30.95%)
Nifty- 4600 PE(Dec)- +161250(+3.21%)
Nifty- 4700 CE(Dec)- +599250(+23.61%)
Nifty- 4700 PE(Dec)- +330500(+3.92%)
Nifty- 4800 CE(Dec)- +54300(+1.33%)
Nifty- 4800 PE(Dec)- +66050(+1.13%)
Nifty- 4900 CE(Dec)- +309900(+6.79%)
Nifty- 4900 PE(Dec)- -97150(-2.25%)
Closing
Nifty- closed at 4,800.60 (+36.00 Points & +0.76%)
Sensex- closed at 16,002.51(+132.16 Points & +0.83% )
CNX MIDCAP - closed at 6,492.05(-22.95 Points & -0.35%)
BSE SMALL CAP- closed at 5,918.17(-42.31 Points & -0.71%)
Nifty Spot-Levels & Trading Strategy for 14-12-2011
Nifty Spot-Levels
R3 4936
R2 4880
R1 4840
Avg 4784
S1 4744
S2 4688
S3 4648
Nifty Spot-Trading Strategy
H6 4897 Trgt 2
H5 4875 Trgt 1
H4 4852 Long breakout
H3 4826 Go Short
H2 4817
H1 4808
L1 4791
L2 4782
L3 4773 Long
L4 4747 Short Breakout
L5 4724 Trgt 1
L6 4702 Trgt 2
R3 4936
R2 4880
R1 4840
Avg 4784
S1 4744
S2 4688
S3 4648
Nifty Spot-Trading Strategy
H6 4897 Trgt 2
H5 4875 Trgt 1
H4 4852 Long breakout
H3 4826 Go Short
H2 4817
H1 4808
L1 4791
L2 4782
L3 4773 Long
L4 4747 Short Breakout
L5 4724 Trgt 1
L6 4702 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 14-12-2011
Nifty(Dec Fut)-Levels
R3 4964
R2 4901
R1 4856
Avg 4793
S1 4748
S2 4685
S3 4640
Nifty(Dec Fut)-Trading Strategy
H6 4920 Trgt 2
H5 4895 Trgt 1
H4 4870 Long breakout
H3 4840 Go Short
H2 4830
H1 4820
L1 4801
L2 4791
L3 4781 Long
L4 4751 Short Breakout
L5 4726 Trgt 1
L6 4701 Trgt 2
R3 4964
R2 4901
R1 4856
Avg 4793
S1 4748
S2 4685
S3 4640
Nifty(Dec Fut)-Trading Strategy
H6 4920 Trgt 2
H5 4895 Trgt 1
H4 4870 Long breakout
H3 4840 Go Short
H2 4830
H1 4820
L1 4801
L2 4791
L3 4781 Long
L4 4751 Short Breakout
L5 4726 Trgt 1
L6 4701 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 14-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8947
R2 8795
R1 8674
Avg 8522
S1 8401
S2 8249
S3 8128
Bank Nifty(Dec Fut)-Trading Strategy
H6 8831 Trgt 2
H5 8767 Trgt 1
H4 8703 Long breakout
H3 8628 Go Short
H2 8603
H1 8578
L1 8527
L2 8502
L3 8477 Long
L4 8402 Short Breakout
L5 8338 Trgt 1
L6 8274 Trgt 2
R3 8947
R2 8795
R1 8674
Avg 8522
S1 8401
S2 8249
S3 8128
Bank Nifty(Dec Fut)-Trading Strategy
H6 8831 Trgt 2
H5 8767 Trgt 1
H4 8703 Long breakout
H3 8628 Go Short
H2 8603
H1 8578
L1 8527
L2 8502
L3 8477 Long
L4 8402 Short Breakout
L5 8338 Trgt 1
L6 8274 Trgt 2
Pre-Closing Outlook(13-12-2011)
Only volatile markets between 4735-4810 with with intraday support at lower levels between 4745-4765. Sustaining above 4815 will be first indication of correction completion and beginning of minor Pull Back rally. As today intraday charts are showing consolidation formations therefore up moves possibilities turned higher today
Crucial technical positions have been updated in Mid-session Outlook-2 also.
Crucial technical positions have been updated in Mid-session Outlook-2 also.
Mid-session Outlook-2(13-12-2011)
Crucial technical positions for today trading is as follows:-
1- Today first trading range is 4745-4780
2- Intraday confirm support at lower levels between 4745-4765 today.
3- Selling between 4780-4815 in last more than 3 hours yesterday
More consolidation is required between 4780-4815 for a decisive short term up move. Nifty is trading just below 4800 but confirmation will be after sustaining above 4815. Next decisive moves confirmation range is 4745-4815 and should be firstly watched.
1- Today first trading range is 4745-4780
2- Intraday confirm support at lower levels between 4745-4765 today.
3- Selling between 4780-4815 in last more than 3 hours yesterday
More consolidation is required between 4780-4815 for a decisive short term up move. Nifty is trading just below 4800 but confirmation will be after sustaining above 4815. Next decisive moves confirmation range is 4745-4815 and should be firstly watched.
Mid-session Outlook(13-12-2011)
Volatile market after opening and out performing global markets since opening today. Nifty traded most time between 4745-4780 today,as selling seen between 4780-4815 in last more than 3 hours therefore any upmove confirmation will be after sustaining above 4815. Sustaining below 4745 will mean sharp down moves.
Only volatility and no clear intraday trading patterns therefore sustaining beyond today first trading range(4745-4780) will be next moves confirmation.
Only volatility and no clear intraday trading patterns therefore sustaining beyond today first trading range(4745-4780) will be next moves confirmation.
Last Hope for Bulls after Most Depressing IIP Data is 4640-4690
Technical Analysis,Researches & Market Outlook(12-12-2011)
Nifty-Intra Day Chart(12-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Positive trading
2- Sharp fall after weak IIP data
3- Selling between 4780-4815 in last more than 3 hours.
4- Whole day trading between 4756-4896
Nifty-EOD Chart(12-Dec-2011):-
Technical Patterns and Formations in EOD charts
1- All trends are down
2- Trend reversal Broadening Pattern formation in last 4 months at the bottom of 13 months correction.
3- Strong supports between 4640-4690 at the bottom of Broadening Pattern
Conclusions from intra day and EOD charts
All trends turned down and sharp declines seen after most depressing IIP data dclaration today as well as Nifty closed near the lower levels of next support range(4758-4800). As intraday selling was seen during last more than 3 hours between 4780-4815 today therefore more down moves will be seen and expected that last support range of Broadening Pattern(4640-4690) will be tested in the coming sessions.
As strong supports between 4640-4690 therefore sustaining beyond will be firstly watched tomorrow for next moves confirmations and now this support range is last hope for Bulls.
Nifty-Intra Day Chart(12-dec-2011):-
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| Just click on chart for its enlarged view |
1- Positive trading
2- Sharp fall after weak IIP data
3- Selling between 4780-4815 in last more than 3 hours.
4- Whole day trading between 4756-4896
Nifty-EOD Chart(12-Dec-2011):-
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| Just click on chart for its enlarged view |
1- All trends are down
2- Trend reversal Broadening Pattern formation in last 4 months at the bottom of 13 months correction.
3- Strong supports between 4640-4690 at the bottom of Broadening Pattern
Conclusions from intra day and EOD charts
All trends turned down and sharp declines seen after most depressing IIP data dclaration today as well as Nifty closed near the lower levels of next support range(4758-4800). As intraday selling was seen during last more than 3 hours between 4780-4815 today therefore more down moves will be seen and expected that last support range of Broadening Pattern(4640-4690) will be tested in the coming sessions.
As strong supports between 4640-4690 therefore sustaining beyond will be firstly watched tomorrow for next moves confirmations and now this support range is last hope for Bulls.
FII & DII trading activity in Capital Market Segment on 12-Dec-2011
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Indian Stock Markets Closing Reports(12-Dec-2011)
Main features of today trading are as follows
1- Long Black Candle.
2- Weak IIP daya triggered sharp declines.
3- All the Indices closed in Red except IT.
Ratios
Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(12-Dec-2011): 17.25
Advances & Declines
BSE ADVANCES : 798
BSE DECLINES : 1956
NSE ADVANCES : 289
NSE DECLINES : 1153
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +1540900(+159.59%)
Nifty- 4700 PE(Dec)- +377700(+4.59%)
Nifty- 4800 CE(Dec)- +1374000(+45.59%)
Nifty- 4800 PE(Dec)- +144250(+2.44%)
Nifty- 4900 CE(Dec)- +218550(+4.84%)
Nifty- 4900 PE(Dec)- -446350(-9.13%)
Closing
Nifty- closed at 4,764.60(-102.10 Points & -2.10%)
Sensex- closed at 15,870.35(-343.11 Points & -2.12% )
CNX MIDCAP - closed at 6,515.00(-139.25 Points & -2.09%)
BSE SMALL CAP- closed at 5,960.48 (-93.03 Points & -1.54%)
1- Long Black Candle.
2- Weak IIP daya triggered sharp declines.
3- All the Indices closed in Red except IT.
Ratios
Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(12-Dec-2011): 17.25
Advances & Declines
BSE ADVANCES : 798
BSE DECLINES : 1956
NSE ADVANCES : 289
NSE DECLINES : 1153
Nifty Open Interest Changed Today
Nifty- 4700 CE(Dec)- +1540900(+159.59%)
Nifty- 4700 PE(Dec)- +377700(+4.59%)
Nifty- 4800 CE(Dec)- +1374000(+45.59%)
Nifty- 4800 PE(Dec)- +144250(+2.44%)
Nifty- 4900 CE(Dec)- +218550(+4.84%)
Nifty- 4900 PE(Dec)- -446350(-9.13%)
Closing
Nifty- closed at 4,764.60(-102.10 Points & -2.10%)
Sensex- closed at 15,870.35(-343.11 Points & -2.12% )
CNX MIDCAP - closed at 6,515.00(-139.25 Points & -2.09%)
BSE SMALL CAP- closed at 5,960.48 (-93.03 Points & -1.54%)
Nifty Spot-Levels & Trading Strategy for 13-12-2011
Nifty Spot-Levels
R3 5019
R2 4964
R1 4864
Avg 4809
S1 4709
S2 4654
S3 4554
Nifty Spot-Trading Strategy
H6 4919 Trgt 2
H5 4884 Trgt 1
H4 4849 Long breakout
H3 4806 Go Short
H2 4792
H1 4778
L1 4749
L2 4735
L3 4721 Long
L4 4678 Short Breakout
L5 4643 Trgt 1
L6 4608 Trgt 2
R3 5019
R2 4964
R1 4864
Avg 4809
S1 4709
S2 4654
S3 4554
Nifty Spot-Trading Strategy
H6 4919 Trgt 2
H5 4884 Trgt 1
H4 4849 Long breakout
H3 4806 Go Short
H2 4792
H1 4778
L1 4749
L2 4735
L3 4721 Long
L4 4678 Short Breakout
L5 4643 Trgt 1
L6 4608 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 13-12-2011
Nifty(Dec Fut)-Levels
R3 5024
R2 4969
R1 4871
Avg 4816
S1 4718
S2 4663
S3 4565
Nifty(Dec Fut)-Trading Strategy
H6 4926 Trgt 2
H5 4891 Trgt 1
H4 4857 Long breakout
H3 4815 Go Short
H2 4801
H1 4787
L1 4758
L2 4744
L3 4730 Long
L4 4688 Short Breakout
L5 4654 Trgt 1
L6 4619 Trgt 2
R3 5024
R2 4969
R1 4871
Avg 4816
S1 4718
S2 4663
S3 4565
Nifty(Dec Fut)-Trading Strategy
H6 4926 Trgt 2
H5 4891 Trgt 1
H4 4857 Long breakout
H3 4815 Go Short
H2 4801
H1 4787
L1 4758
L2 4744
L3 4730 Long
L4 4688 Short Breakout
L5 4654 Trgt 1
L6 4619 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 13-12-2011
Bank Nifty(Dec Fut)-Levels
R3 9286
R2 9115
R1 8841
Avg 8670
S1 8396
S2 8225
S3 7951
Bank Nifty(Dec Fut)-Trading Strategy
H6 9015 Trgt 2
H5 8913 Trgt 1
H4 8811 Long breakout
H3 8689 Go Short
H2 8648
H1 8607
L1 8526
L2 8485
L3 8444 Long
L4 8322 Short Breakout
L5 8220 Trgt 1
L6 8118 Trgt 2
R3 9286
R2 9115
R1 8841
Avg 8670
S1 8396
S2 8225
S3 7951
Bank Nifty(Dec Fut)-Trading Strategy
H6 9015 Trgt 2
H5 8913 Trgt 1
H4 8811 Long breakout
H3 8689 Go Short
H2 8648
H1 8607
L1 8526
L2 8485
L3 8444 Long
L4 8322 Short Breakout
L5 8220 Trgt 1
L6 8118 Trgt 2
Pre-Closing Outlook(12-12-2011)
Although intraday support last Friday but sharp down after negative IIP numbers and Nifty slipped below 4800. As intraday charts of today are showing selling therefore more down moves are expected in the coming sessions.
October IIP @ -5.1%(YoY)
Mid-session Outlook(12-12-2011)
Poor and disappoing IIP data triggered down moves and Nifty slipped below 4842. Most depressing point is Capital Goods numbers are at -25.5%. As so high negative growth therefore market reacts through sharp declines. Although market recovered and Nifty is trading above 4842 but market final reaction on today declared IIP Numbers will be understood through sustaining beyond 4842.
Poor and disappoing IIP data triggered down moves and Nifty slipped below 4842. Most depressing point is Capital Goods numbers are at -25.5%. As so high negative growth therefore market reacts through sharp declines. Although market recovered and Nifty is trading above 4842 but market final reaction on today declared IIP Numbers will be understood through sustaining beyond 4842.
Pre-Open Market Outlook(12-12-2011)
Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-
1- Bullish Sub-Wave-3 is on cards after Correction completion
2-Two Bullish Candlestick patterns formation on 09-12-2011
3- Nifty-Micro Analysis of Intra Day Chart For 12-12-2011
Asian markets are moderately up after strong rally in US and European markets last Friday therefore sentiment is positive today morning and Indian markets will open in Green and firstly trade within last Friday trading range(4842-4918).
Intraday consolidation patterns with two Bullish Candles patterns formation was seen last Friday,as per Candlestick theory confirmation of the trend reversal would be a higher open on the next trading day and that will be seen today. Expected that finally sustaining above 4918 will be seen after follow up buying in the coming sessions. Lower levels intraday support and fresh rally beginning indications after correction completion last Friday but crossing of next first resistance range( 4928-4980) is must for confirmations because long and Intermediate term trends are down at present.
Expected that follow up consolidation will be seen today and Indian markets will finally move and sustain above 4918 and close positive today.
1- Bullish Sub-Wave-3 is on cards after Correction completion
2-Two Bullish Candlestick patterns formation on 09-12-2011
3- Nifty-Micro Analysis of Intra Day Chart For 12-12-2011
Asian markets are moderately up after strong rally in US and European markets last Friday therefore sentiment is positive today morning and Indian markets will open in Green and firstly trade within last Friday trading range(4842-4918).
Intraday consolidation patterns with two Bullish Candles patterns formation was seen last Friday,as per Candlestick theory confirmation of the trend reversal would be a higher open on the next trading day and that will be seen today. Expected that finally sustaining above 4918 will be seen after follow up buying in the coming sessions. Lower levels intraday support and fresh rally beginning indications after correction completion last Friday but crossing of next first resistance range( 4928-4980) is must for confirmations because long and Intermediate term trends are down at present.
Expected that follow up consolidation will be seen today and Indian markets will finally move and sustain above 4918 and close positive today.
Recent Topics for Next week Trading(Dec 12 to Dec 16,2011)
Following 3 topics have been posted for next week trading and some more topics will be posted before the opening on next Monday Markets. Just click link to go through and analyse charts also:-
1- Nifty-Micro Analysis of Intra Day Chart For 12-12-2011
2- Two Bullish Candlestick patterns formation on 09-12-2011
3- Bullish Sub-Wave-3 is on cards after Correction completion
1- Nifty-Micro Analysis of Intra Day Chart For 12-12-2011
2- Two Bullish Candlestick patterns formation on 09-12-2011
3- Bullish Sub-Wave-3 is on cards after Correction completion
Bullish Sub-Wave-3 is on cards after Correction completion
Weekly Outlook(Dec 12 to Dec 16,2011)
Nifty-EOD Chart(09-Dec-2011):-
Technical Patterns and Formations in EOD charts
1- Falling Trend line in 13 Months correction.
2- Trend reversal Broadening Pattern formation in last 4 months at the bottom of 13 months correction.
3- Pull Back Rally is on from the bottom of correction
Conclusions
As trend reversal Broadening Pattern formation in last 4 months at the bottom of 13 months correction therefore finally long term downward trend reversal is expected and it is also possible that ongoing Pull Back Rally may reverse 13 months long down trend.
Conclusions (After Putting All Studies Together)
Pull Back rally faced correction in previous week but correction completion patterns also seen on 09-Dec-2011 therefore expected that Nifty will not slip below the lowest of previous week(4841.75) and coming week will prove a Bullish weak as well as new highs of Pull back rally will be formed in the coming week.
Nifty-EOD Chart(09-Dec-2011):-
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| Just click on chart for its enlarged view |
1- Falling Trend line in 13 Months correction.
2- Trend reversal Broadening Pattern formation in last 4 months at the bottom of 13 months correction.
3- Pull Back Rally is on from the bottom of correction
Conclusions
As trend reversal Broadening Pattern formation in last 4 months at the bottom of 13 months correction therefore finally long term downward trend reversal is expected and it is also possible that ongoing Pull Back Rally may reverse 13 months long down trend.
Conclusions (After Putting All Studies Together)
Pull Back rally faced correction in previous week but correction completion patterns also seen on 09-Dec-2011 therefore expected that Nifty will not slip below the lowest of previous week(4841.75) and coming week will prove a Bullish weak as well as new highs of Pull back rally will be formed in the coming week.
Two Bullish Candlestick patterns formation on 09-12-2011
Nifty-EOD Chart(09-Dec-2011):-
Nifty-EOD Chart(09-Dec-2011):-
Technical Patterns and Formations in EOD charts
1- Trend reversal Broadening Pattern formation in last 4 months at the bottom of 13 months correction.
2- Rally commencement on 24-11-2011 from 4660.
3- Correction of rally on 07-12-2011 from 5099.
4- Trend reversal two Bullish Candles pattern formation on intraday lowest at 4842 on 09-12-2011.
Conclusions
Two Bullish Candles patterns formation are as follows:-
1- Long legged Bullish Gravestone Doji- Low/Moderate Bullish reversal Candle
2- Doji Star Bullish- Moderate Bullish reversal Candle formation also seen.
As per theory confirmation of the trend reversal would be a higher open on the next trading day.
As intraday consolidation patterns also developed within Doji Candle and it was updated also during trading hours on 09-12-2011 therefore strong indications of previous week correction completion at 4642 with fresh up moves beginning from 12-12-2011.
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| Just click on chart for its enlarged view |
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| Just click on chart for its enlarged view |
1- Trend reversal Broadening Pattern formation in last 4 months at the bottom of 13 months correction.
2- Rally commencement on 24-11-2011 from 4660.
3- Correction of rally on 07-12-2011 from 5099.
4- Trend reversal two Bullish Candles pattern formation on intraday lowest at 4842 on 09-12-2011.
Conclusions
Two Bullish Candles patterns formation are as follows:-
1- Long legged Bullish Gravestone Doji- Low/Moderate Bullish reversal Candle
2- Doji Star Bullish- Moderate Bullish reversal Candle formation also seen.
As per theory confirmation of the trend reversal would be a higher open on the next trading day.
As intraday consolidation patterns also developed within Doji Candle and it was updated also during trading hours on 09-12-2011 therefore strong indications of previous week correction completion at 4642 with fresh up moves beginning from 12-12-2011.
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