Pre-Closing Outlook(21-12-2011)

Gap up opening and then Up moves seen after lower levels consolidations today but Nifty slipped from intraday higher levels after forming intraday high at 4645.30. Following line was told in Post-open Outlook today;-

Sustaining above 4640 will be survival confirmation of Trend Reversal Broadening Pattern.

Profit booking near 4640 seen today. As mixed intraday patterns today with lower levels consolidations and higher levels distribution therefore no clear positions formations yet and following lines should be kept in mind for next immediate moves confirmations;-

Break out by force or sustaining beyond today trading range(4602-4645) will be next moves confirmations.

Mid-session Outlook-2(21-12-2011)

Intraday consolidation patterns confirmation today

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.

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.

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):-

Just click on chart for its enlarged view

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.

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%)

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

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

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

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.

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).

4640 is Next Trend Decider

Nifty-Intra Day Chart(19-dec-2011):-

Just click on chart for its enlarged view

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.

FII & DII trading activity in Capital Market Segment on 19-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 19-Dec-2011 2259.17 2709.54 -450.37

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 19-Dec-2011 1138.83 1120.23 18.6

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%)

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

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

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

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