Intraday consolidation patterns confirmation today
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(21-12-2011)
Range bound market between 5602-5625 with mixed intraday patterns and break out by force or sustaining beyond mentioned today trading range will be next moves confirmations.
Crucial levels have already been posted in previous Outlooks which should be kept in mind also for next trend confirmation.
Crucial levels have already been posted in previous Outlooks which should be kept in mind also for next trend confirmation.
Post-open Outlook(21-12-2011)
Intraday consolidation was seen in last 2 sessions and it was updated also in the Outlooks. Confirm base formation between 4560-4590 and;-
1- Until Nifty will not sustain below 4560 till then down moves will not be considered.
2- Sustaining above 4640 will be survival confirmation of Trend Reversal Broadening Pattern.
3- Crossing of next resistance range(4750-4840) will be sustained rally confirmation.
As all trends are down therefore above mentioned confirmations are required for decisive upmoves confirmations otherwise more upmoves and continuation of today begun rally is expected.
1- Until Nifty will not sustain below 4560 till then down moves will not be considered.
2- Sustaining above 4640 will be survival confirmation of Trend Reversal Broadening Pattern.
3- Crossing of next resistance range(4750-4840) will be sustained rally confirmation.
As all trends are down therefore above mentioned confirmations are required for decisive upmoves confirmations otherwise more upmoves and continuation of today begun rally is expected.
Short Term Up Trend On Cards
Nifty-Micro Analysis of 2 days Intra Day Chart(Dec 19 & Dec 20,2011)
Nifty-Intra Day Chart(Dec 19 & Dec 20,2011):-
Technical Patterns and Formations in last 2 sessions intraday charts
1- Two days consolidation 4560-4590 in last 2 days
2- Last half hour consolidation between 4532-4552 on 20-12-2011
Conclusions
Indian markets closed today at the lowest of 2 days and also at 13 months lowest but intraday patterns of last 2 days are showing confolidation formations therefore last 9 days down move stopping and its retracement is possible from today lowest( 4531.15). Following levels and ranges will be watched tomorrow for next short term trend confirmation:-
1- Last two sessions consolidations- 4532-4552 & 4560-4590
2- Last two sessions trading range- 4532-4620.
3- 4640
As last two sessions consolidation patterns therefore short term up trend possibility is alive and one by one following levels will give next moves confirmations:-
1- 4590(Above will mean strong indication of up moves after consolidation)
2- 4620(Above will be confirmation last 2 days consolidations)
3- 4640(Sustaining above will be survival confirmation of Trend Reversal Broadening Pattern.
Up moves are expected above levels will be short term up trend confirmations.
Nifty-Intra Day Chart(Dec 19 & Dec 20,2011):-
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| Just click on chart for its enlarged view |
1- Two days consolidation 4560-4590 in last 2 days
2- Last half hour consolidation between 4532-4552 on 20-12-2011
Conclusions
Indian markets closed today at the lowest of 2 days and also at 13 months lowest but intraday patterns of last 2 days are showing confolidation formations therefore last 9 days down move stopping and its retracement is possible from today lowest( 4531.15). Following levels and ranges will be watched tomorrow for next short term trend confirmation:-
1- Last two sessions consolidations- 4532-4552 & 4560-4590
2- Last two sessions trading range- 4532-4620.
3- 4640
As last two sessions consolidation patterns therefore short term up trend possibility is alive and one by one following levels will give next moves confirmations:-
1- 4590(Above will mean strong indication of up moves after consolidation)
2- 4620(Above will be confirmation last 2 days consolidations)
3- 4640(Sustaining above will be survival confirmation of Trend Reversal Broadening Pattern.
Up moves are expected above levels will be short term up trend confirmations.
Indian Stock Markets Closing Reports(20-Dec-2011)
Main features of today trading are as follows
1- All the indices closed in Red near Day's lowest levels
2- Long Black Candle.
3- Closing at lowest of 13 months correction.
Ratios
Nifty Put Call Ratio: 0.84
Nifty P/E Ratio(20-Dec-2011): 16.46
Advances & Declines
BSE ADVANCES : 866
BSE DECLINES : 1885
NSE ADVANCES : 364
NSE DECLINES : 1095
Nifty Open Interest Changed Today
Nifty- 4500 CE(Dec)- +1073750(+65.98%)
Nifty- 4500 PE(Dec)- 409650(+5.69%)
Nifty- 4600 CE(Dec)- +1256600(+31.04%)
Nifty- 4600 PE(Dec)- -249600(-4.39%)
Nifty- 4700 CE(Dec)- +730750(+15.45%)
Nifty- 4700 PE(Dec)- -299950(-5.58%)
Closing
Nifty- closed at 4,544.20(-68.90 Points & -1.49%)
Sensex- closed at 15,175.08(-204.26 Points & -1.33% )
CNX MIDCAP - closed at 6,037.10(-132.35 Points & -2.15%)
BSE SMALL CAP- closed at 5,465.70(-80.46 Points & -1.45%)
1- All the indices closed in Red near Day's lowest levels
2- Long Black Candle.
3- Closing at lowest of 13 months correction.
Ratios
Nifty Put Call Ratio: 0.84
Nifty P/E Ratio(20-Dec-2011): 16.46
Advances & Declines
BSE ADVANCES : 866
BSE DECLINES : 1885
NSE ADVANCES : 364
NSE DECLINES : 1095
Nifty Open Interest Changed Today
Nifty- 4500 CE(Dec)- +1073750(+65.98%)
Nifty- 4500 PE(Dec)- 409650(+5.69%)
Nifty- 4600 CE(Dec)- +1256600(+31.04%)
Nifty- 4600 PE(Dec)- -249600(-4.39%)
Nifty- 4700 CE(Dec)- +730750(+15.45%)
Nifty- 4700 PE(Dec)- -299950(-5.58%)
Closing
Nifty- closed at 4,544.20(-68.90 Points & -1.49%)
Sensex- closed at 15,175.08(-204.26 Points & -1.33% )
CNX MIDCAP - closed at 6,037.10(-132.35 Points & -2.15%)
BSE SMALL CAP- closed at 5,465.70(-80.46 Points & -1.45%)
Nifty Spot-Levels & Trading Strategy for 21-12-2011
Nifty Spot-Levels
R3 4716
R2 4676
R1 4610
Avg 4570
S1 4504
S2 4464
S3 4398
Nifty Spot-Trading Strategy
H6 4650 Trgt 2
H5 4626 Trgt 1
H4 4602 Long breakout
H3 4573 Go Short
H2 4563
H1 4553
L1 4534
L2 4524
L3 4514 Long
L4 4485 Short Breakout
L5 4461 Trgt 1
L6 4437 Trgt 2
R3 4716
R2 4676
R1 4610
Avg 4570
S1 4504
S2 4464
S3 4398
Nifty Spot-Trading Strategy
H6 4650 Trgt 2
H5 4626 Trgt 1
H4 4602 Long breakout
H3 4573 Go Short
H2 4563
H1 4553
L1 4534
L2 4524
L3 4514 Long
L4 4485 Short Breakout
L5 4461 Trgt 1
L6 4437 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 21-12-2011
Nifty(Dec Fut)-Levels
R3 4718
R2 4679
R1 4616
Avg 4577
S1 4514
S2 4475
S3 4412
Nifty(Dec Fut)-Trading Strategy
H6 4656 Trgt 2
H5 4633 Trgt 1
H4 4610 Long breakout
H3 4582 Go Short
H2 4572
H1 4563
L1 4544
L2 4535
L3 4525 Long
L4 4497 Short Breakout
L5 4474 Trgt 1
L6 4451 Trgt 2
R3 4718
R2 4679
R1 4616
Avg 4577
S1 4514
S2 4475
S3 4412
Nifty(Dec Fut)-Trading Strategy
H6 4656 Trgt 2
H5 4633 Trgt 1
H4 4610 Long breakout
H3 4582 Go Short
H2 4572
H1 4563
L1 4544
L2 4535
L3 4525 Long
L4 4497 Short Breakout
L5 4474 Trgt 1
L6 4451 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 21-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8149
R2 8060
R1 7928
Avg 7839
S1 7707
S2 7618
S3 7486
Bank Nifty(Dec Fut)-Trading Strategy
H6 8019 Trgt 2
H5 7968 Trgt 1
H4 7918 Long breakout
H3 7857 Go Short
H2 7837
H1 7817
L1 7776
L2 7756
L3 7736 Long
L4 7675 Short Breakout
L5 7625 Trgt 1
L6 7574 Trgt 2
R3 8149
R2 8060
R1 7928
Avg 7839
S1 7707
S2 7618
S3 7486
Bank Nifty(Dec Fut)-Trading Strategy
H6 8019 Trgt 2
H5 7968 Trgt 1
H4 7918 Long breakout
H3 7857 Go Short
H2 7837
H1 7817
L1 7776
L2 7756
L3 7736 Long
L4 7675 Short Breakout
L5 7625 Trgt 1
L6 7574 Trgt 2
Pre-Closing Outlook(20-12-2011)
Intraday up moves after lower levels intraday support but sharp fall from intraday highs and highly volatile market today. Condition of sustaining beyond 4640 was told slipped today after forming high at 4637.25.
Although 1.5% down today but intraday patterns of today are not showing selling patterns but intraday consolidation formations seen therefore next down moves confirmation is required through sustaining below 4531.
Although 1.5% down today but intraday patterns of today are not showing selling patterns but intraday consolidation formations seen therefore next down moves confirmation is required through sustaining below 4531.
Post-open Outlook(20-12-2011)
Nifty moves up today but slipped after forming high at 4637.25 today and Nifty is trading between yesterday range. Nifty got support between 4560-4578 yesterday and Nifty is trading above it since opening today,sustaining below this range will be next down moves confirmation and up moves will be considered above 4640.
Nifty is trading between yesterday range(4560-4620) and preparing for next moves.Although Nifty slipped from higher levels today but intraday consolidation indications and next short term trend will also get confirmation according to sustaining beyond yesterday range(4560-4620).
Nifty is trading between yesterday range(4560-4620) and preparing for next moves.Although Nifty slipped from higher levels today but intraday consolidation indications and next short term trend will also get confirmation according to sustaining beyond yesterday range(4560-4620).
4640 is Next Trend Decider
Nifty-Intra Day Chart(19-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 4560-4578
2- Mixed Patterns between 4600-4620
3- Whole day trading between 4560-4620
Conclusions from intra day chart analysis
Clear intraday support at lower levels today and up moves are possible tomorrow also. Finally sustaining above 4640 will be decisive up moves confirmation and it will be firstly watched tomorrow and next short term trend will be considered according to sustaining beyond 4640.
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1- Consolidation between 4560-4578
2- Mixed Patterns between 4600-4620
3- Whole day trading between 4560-4620
Conclusions from intra day chart analysis
Clear intraday support at lower levels today and up moves are possible tomorrow also. Finally sustaining above 4640 will be decisive up moves confirmation and it will be firstly watched tomorrow and next short term trend will be considered according to sustaining beyond 4640.
FII & DII trading activity in Capital Market Segment on 19-Dec-2011
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Indian Stock Markets Closing Reports(19-Dec-2011)
Main features of today trading are as follows
1- All the Indices closed in Red except Auto,Oil & Gas and FMCF.
2- Most Indices recovered from intraday lower levels.
3- Bullish Hammer Candle formation in Daily chart today.
Ratios
Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(19-Dec-2011): 16.71
Advances & Declines
BSE ADVANCES : 733
BSE DECLINES : 2068
NSE ADVANCES : 251
NSE DECLINES : 1210
Nifty Open Interest Changed Today
Nifty- 4500 CE(Dec)- +712350(+77.280%)
Nifty- 4500 PE(Dec)- +945350(+14.96%)
Nifty- 4600 CE(Dec)- +948800(+29.98%)
Nifty- 4600 PE(Dec)- +344450(+6.23%)
Nifty- 4700 CE(Dec)- +335450(+7.25%)
Nifty- 4700 PE(Dec)- -1054100(-15.06%)
Closing
Nifty- closed at 4,613.10(-38.50 Points & -0.83%)
Sensex- closed at 15,379.34(-112.01 Points & -0.72%)
CNX MIDCAP - closed at 6,169.45(-115.85 Points & -1.84%)
BSE SMALL CAP- closed at 5,546.16 (-142.23 Points & -2.50%)
1- All the Indices closed in Red except Auto,Oil & Gas and FMCF.
2- Most Indices recovered from intraday lower levels.
3- Bullish Hammer Candle formation in Daily chart today.
Ratios
Nifty Put Call Ratio: 0.90
Nifty P/E Ratio(19-Dec-2011): 16.71
Advances & Declines
BSE ADVANCES : 733
BSE DECLINES : 2068
NSE ADVANCES : 251
NSE DECLINES : 1210
Nifty Open Interest Changed Today
Nifty- 4500 CE(Dec)- +712350(+77.280%)
Nifty- 4500 PE(Dec)- +945350(+14.96%)
Nifty- 4600 CE(Dec)- +948800(+29.98%)
Nifty- 4600 PE(Dec)- +344450(+6.23%)
Nifty- 4700 CE(Dec)- +335450(+7.25%)
Nifty- 4700 PE(Dec)- -1054100(-15.06%)
Closing
Nifty- closed at 4,613.10(-38.50 Points & -0.83%)
Sensex- closed at 15,379.34(-112.01 Points & -0.72%)
CNX MIDCAP - closed at 6,169.45(-115.85 Points & -1.84%)
BSE SMALL CAP- closed at 5,546.16 (-142.23 Points & -2.50%)
Nifty Spot-Levels & Trading Strategy for 20-12-2011
Nifty Spot-Levels
R3 4707
R2 4665
R1 4639
Avg 4597
S1 4571
S2 4529
S3 4503
Nifty Spot-Trading Strategy
H6 4681 Trgt 2
H5 4666 Trgt 1
H4 4650 Long breakout
H3 4631 Go Short
H2 4625
H1 4619
L1 4606
L2 4600
L3 4594 Long
L4 4575 Short Breakout
L5 4559 Trgt 1
L6 4544 Trgt 2
R3 4707
R2 4665
R1 4639
Avg 4597
S1 4571
S2 4529
S3 4503
Nifty Spot-Trading Strategy
H6 4681 Trgt 2
H5 4666 Trgt 1
H4 4650 Long breakout
H3 4631 Go Short
H2 4625
H1 4619
L1 4606
L2 4600
L3 4594 Long
L4 4575 Short Breakout
L5 4559 Trgt 1
L6 4544 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 20-12-2011
Nifty(Dec Fut)-Levels
R3 4724
R2 4679
R1 4651
Avg 4606
S1 4578
S2 4533
S3 4505
Nifty(Dec Fut)-Trading Strategy
H6 4696 Trgt 2
H5 4680 Trgt 1
H4 4663 Long breakout
H3 4643 Go Short
H2 4636
H1 4629
L1 4616
L2 4609
L3 4602 Long
L4 4582 Short Breakout
L5 4565 Trgt 1
L6 4549 Trgt 2
R3 4724
R2 4679
R1 4651
Avg 4606
S1 4578
S2 4533
S3 4505
Nifty(Dec Fut)-Trading Strategy
H6 4696 Trgt 2
H5 4680 Trgt 1
H4 4663 Long breakout
H3 4643 Go Short
H2 4636
H1 4629
L1 4616
L2 4609
L3 4602 Long
L4 4582 Short Breakout
L5 4565 Trgt 1
L6 4549 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 20-12-2011
Bank Nifty(Dec Fut)-Levels
R3 8342
R2 8210
R1 8067
Avg 7935
S1 7792
S2 7660
S3 7517
Bank Nifty(Dec Fut)-Trading Strategy
H6 8203 Trgt 2
H5 8139 Trgt 1
H4 8075 Long breakout
H3 7999 Go Short
H2 7974
H1 7949
L1 7898
L2 7873
L3 7848 Long
L4 7772 Short Breakout
L5 7708 Trgt 1
L6 7644 Trgt 2
R3 8342
R2 8210
R1 8067
Avg 7935
S1 7792
S2 7660
S3 7517
Bank Nifty(Dec Fut)-Trading Strategy
H6 8203 Trgt 2
H5 8139 Trgt 1
H4 8075 Long breakout
H3 7999 Go Short
H2 7974
H1 7949
L1 7898
L2 7873
L3 7848 Long
L4 7772 Short Breakout
L5 7708 Trgt 1
L6 7644 Trgt 2
Pre-Closing Outlook(19-12-2011)
As soon as support developed at lower levels then it was updated in Mid-session Outlook-2 today. Clear support at lower levels today and sustaining above 4640 tomorrow will give up moves confirmations.
Mid-session Outlook-2(19-12-2011)
Dow,s Futures is more than 70 points down and European markets futures are also .60% to 1.80% down at this moment, all the Asian markets are also .80% to 3.4% down today morning. Sentiment is completely dampened and Indian market slipped but intrday support also seen at lower levels therefore today trading range(5561-5600) break out will be firstly watched for next moves consimations.
Mid-session Outlook(19-12-2011)
Intraday charts are not showing consoladation patterns after gap down opening therefore more down moves possibilities turned higher now.
Only Red Colour in all Global Markets Today
Pre-open Outlook(19-12-2011)
All the Asian markets are in Red after US and European markets Futures negative zone trading. As sentiment is completely depressed today morning therefore firstly negative zone trading after gap down opening will be seen and Nifty will firstly trade below 4640. Next moves possibilities beyond 4640 have aready been discussed in following topic therefore just go through:-
Sustaining beyond 4640 will decide the fate of Bulls and Bears
All the Asian markets are in Red after US and European markets Futures negative zone trading. As sentiment is completely depressed today morning therefore firstly negative zone trading after gap down opening will be seen and Nifty will firstly trade below 4640. Next moves possibilities beyond 4640 have aready been discussed in following topic therefore just go through:-
Sustaining beyond 4640 will decide the fate of Bulls and Bears
Sustaining beyond 4640 will decide the fate of Bulls and Bears
Weekly Outlook(Dec 19 to Dec 23,2011)
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 3 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in nexr week:-
1-25 Months Trend and Waves structure Failure on 16-12-2011
2-Trend Reversal Broadening Pattern is Intact
3-Bounce back Possible Next Monday
Conclusions (After Putting All Studies Together)
Nifty closed at the lowest of 13 months correction as well as 25 months lowest closing seen last Friday. As trend reversal Broadening Pattern formation in last 89 Sessions at the bottom of 13 months correction and it is still intact therefore up moves hopes after correction completion are still alive.
Previous bottom was at 4640 and NIfty closed above it last Friday therefore more confirmations are required for heavy break down below 4640 and either forceful breaking of 4640 or sustaining below 4640 will be huge down fall confirmation.
As sharp fall last Friday and indicators are showing positive divergence therefore Indian markets may bounce next Monday and Indian markets will firstly give confirmation of next moves through sustaining beyond 4640 and then Next big move will be seen.
Confirmation through sustaining beyond 4640 is firstly required in the next couple of sessions and next week final moves will be seen according to sustaining beyond 4640..
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 3 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in nexr week:-
1-25 Months Trend and Waves structure Failure on 16-12-2011
2-Trend Reversal Broadening Pattern is Intact
3-Bounce back Possible Next Monday
Conclusions (After Putting All Studies Together)
Nifty closed at the lowest of 13 months correction as well as 25 months lowest closing seen last Friday. As trend reversal Broadening Pattern formation in last 89 Sessions at the bottom of 13 months correction and it is still intact therefore up moves hopes after correction completion are still alive.
Previous bottom was at 4640 and NIfty closed above it last Friday therefore more confirmations are required for heavy break down below 4640 and either forceful breaking of 4640 or sustaining below 4640 will be huge down fall confirmation.
As sharp fall last Friday and indicators are showing positive divergence therefore Indian markets may bounce next Monday and Indian markets will firstly give confirmation of next moves through sustaining beyond 4640 and then Next big move will be seen.
Confirmation through sustaining beyond 4640 is firstly required in the next couple of sessions and next week final moves will be seen according to sustaining beyond 4640..
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