Watch only sustaining beyond 4735-4823

Pre-open Outlook(14-12-2011)

Nifty-EOD Chart(13-Dec-2011):-

Technical Patterns and Formations in EOD charts

1- All trends are down.
2- Nifty is range bound between 4720-5229 for the last 74 sessions
3- Trend reversal Broadening Pattern formations during last 86 sessions at the bottom of 13 months long term correction.

Conclusions

Most uncertain European news led highly volatile markets for the last 86 sessions between 4640-5400 and sustaining beyond this range will be next long term trend. Until Nifty is trding within mentioned ranges till then views should remain for trading within these ranges.

Sentiment is weak today morning after Red closing in US markets therefore Nifty will trade and prepare for next moves within yesterday trading range(4735-4823) after negative opening. As buying and selling both were seen yesterday therefore follow up intraday positions and sustaining beyond yesterday trading range will be next moves confirmations.

No guessing and no speculation. Just watch sustaining beyond yesterday range(4735-4823) for next decisive moves confirmations. As and when next moves conclusions will be drawn from intraday charts formations then will be updated in Mid-session Outlooks.

Technical Analysis,Researches & Market Outlook(14-12-2011)

Nifty-Intra Day Chart(13-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4735-4765
2- Selling between 4780-4795
3- Whole day trading between 4735-4823

Conclusions from intra day chart analysis 

Although Indian markets closed near the top of the day but mixed intrady trading patterns with both buying at lower levels and selling at higher levels.

As intraday support seen above strong support range(4640-4690) today therefore survival hopes of Trend reversal Broadening Pattern is still alive but selling also seen at higher levels therefore complete confirmations are required despite closing at day's higher levels after last 45 minutes sharp surge.

Follow up moves(buying/selling) and finally sustaining beyond 4735-4815 tomorrow will give next moves confirmations and should be watched first.

FII Trading Data in Derivatives Segment on 13-Dec-2011

FII & DII trading activity in Capital Market Segment on 13-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 13-Dec-2011 1597.52 2158.32 -560.8

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 13-Dec-2011 1251.49 769.56 481.93

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%)

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

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

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

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.

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. 

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.

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):-

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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.

FII Trading Data in Derivatives Segment on 12-Dec-2011

FII & DII trading activity in Capital Market Segment on 12-Dec-2011

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 12-Dec-2011 1522.08 1950.38 -428.3

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 12-Dec-2011 1116.61 950.32 166.29

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%)

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

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

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

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.

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.