Mid-session Outlook(30-12-2011)

Crucial and next moves deciding levels for today have already been posted in Pre-open Outlook today and Nifty is trading between 4660-4687 since opening with minor consolidation indications but lot of consolidation is required for any sustained up move from here. Most uncertain cues from global markets therefore will be better to get confirmation through sustaining beyond following next support/resistance range:-

Support- 4602-4624
Resistance- 4680-4700

As minor consolidation indications today therefore up moves are expected and sustaining above 4700 will confirmation level.

Pre-open Outlook(30-12-2011)

Sentiment improved after good gains in US markets therefore all the Asian markets are positive and Nifty will firstly trade between 4624-4680 after Green opening today, Immediate support and resistance are as follows;-

Support- 4602-4624
Resistance- 4680-4700

As global markets are getting directions from US and European markets therefore positive mood today morning and Indian markets will prepare for next moves between 4624-4680 as well as next trend will be understood according to sustaining beyond this range.

Nifty-Micro Analysis of Intra Day Chart For 30-12-2011

Nifty-Intra Day Chart(29-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 4680-4700
2- Sharp fall
3- Whole day trading between 4640-4700

Conclusions from intra day chart analysis 

All trends are already down and previous week begun rally fizzled out after intraday selling again today therefore more down moves will be seen and Nifty will test following immediate supports of the rally:-

Next immediate supports are as follows:-

1- 4602-4624
2- 4560-4590

FII Trading Data in Derivatives Segment on 29-Dec-2011

FII & DII trading activity in Capital Market Segment on 29-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 29-Dec-2011 1504.5 2520.32 -1015.82

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 29-Dec-2011 996.86 673.79 323.07

Indian Stock Markets Closing Reports(29-Dec-2011)

Main features of today trading are as follows

1- All the Indices closed in Red except Metals and Health Care.
2- Black Candle
3- Weaker Global cues led whole day negative markets.

Ratios

Nifty Put Call Ratio: 0.82
Nifty P/E Ratio(29-Dec-2011): 16.83

Advances & Janlines

BSE ADVANCES : 1151
BSE JanLINES : 1541
NSE ADVANCES : 501
NSE JanLINES : 933

Nifty Open Interest Changed Today

Nifty- 4600 CE(Jan)- +567150(+70.18%)
Nifty- 4600 PE(Jan)- +549550(+20.69%)

Nifty- 4700 CE(Jan)- +964150(+63.17%)
Nifty- 4700 PE(Jan)- -86350(-3.55%)

Nifty- 4800 CE(Jan)- +341350(+13.88%)
Nifty- 4800 PE(Jan)- -153400(-8.90%)

Closing 

Nifty- closed at 4,646.25(-59.55 Points & -1.27%)
Sensex- closed at 15,543.93(-183.92 Points & -1.170%)
CNX MIDCAP - closed at 6,078.40(-49.35 Points & -0.81%)
BSE SMALL CAP- closed at 5,544.99(-41.56 Points & -0.74%)

Nifty Spot-Levels & Trading Strategy for 30-12-2011

Nifty Spot-Levels

R3 4747
R2 4724
R1 4685
Avg 4662
S1 4623
S2 4600
S3 4561

Nifty Spot-Trading Strategy

H6 4708     Trgt 2
H5 4694     Trgt 1
H4 4680     Long breakout
H3 4663     Go Short
H2 4657
H1 4651
L1 4640
L2 4634
L3 4628     Long
L4 4611     Short Breakout
L5 4597     Trgt 1
L6 4583     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 30-12-2011

Nifty(Jan Fut)-Levels

R3 4779
R2 4753
R1 4713
Avg 4687
S1 4647
S2 4621
S3 4581

Nifty(Jan Fut)-Trading Strategy

H6 4739     Trgt 2
H5 4724     Trgt 1
H4 4709     Long breakout
H3 4691     Go Short
H2 4685
H1 4679
L1 4666
L2 4660
L3 4654     Long
L4 4636     Short Breakout
L5 4621     Trgt 1
L6 4606     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 30-12-2011

Bank Nifty(Jan Fut)-Levels

R3 8241
R2 8180
R1 8097
Avg 8036
S1 7953
S2 7892
S3 7809

Bank Nifty(Jan Fut)-Trading Strategy

H6 8158     Trgt 2
H5 8125     Trgt 1
H4 8093     Long breakout
H3 8053     Go Short
H2 8040
H1 8027
L1 8000
L2 7987
L3 7974     Long
L4 7934     Short Breakout
L5 7902     Trgt 1
L6 7869     Trgt 2

Pre-Closing Outlook(29-12-2011)

Following two lines were told in Post-open Outlook today;-

1- Nifty is trading below yesterday range between 4673-4692 since opening today
2- Nifty has to prepare for next moves and that will be done near about today trading range.

Nifty hovered around whole day above mentioned range within 4668-4700 with intraday selling patterns therefore more down moves are expected in the coming sessions.

Post-open Outlook(29-12-2011)

As weaker Global cues therefore Nifty is trading below yesterday range between 4673-4692 since opening today and minor support also seen at lower levels. Firstly breaking out and after that sustaining beyond mentioned range will be next very short term move indication. Good supports below today range and resistances also above therefore Nifty has to prepare for next moves and that will be done near about today trading range.

Global cues led down moves in last two sessions therefore sustaining below 4686(yesterday low) is must today for confirmation of next down phase.

Pull Back Rally continuation after correction completion

Nifty-Micro Analysis of Intra Day Chart For 29-12-2011

Nifty-Intra Day Chart(28-Dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4686-4707
2- First 5 hours falling channel pattern and after that its upward break out.
3- Selling patterns between 4715-4724
4- Most time trading between 4686-4724

Conclusions from intra day chart analysis 

Weaker Global cues led whole day negative zone trading with lower levels support and higher levels selling patterns. As first 5 hours falling channel pattern and after that its upward break out also as well as lack of much selling at  higher levels therefore it is being felt that today down moves were due to negative Asian cues and without genuine selling patterns.

All trends are down and correction of previous week begun rally is continued in this week as well as last 2 sessions intraday patterns are not suggesting genuine selling therefore no confirmation of rally termination. 

Next support is at 4700 and Nifty hovered around it today with mixed intraday patterns between 4686-4724. Expected that Ninty will firstly trade betweeen 4686-4724 and Sustaining beyond above mentioned range will decide the fate of previous week begun rally therefore will be watched first of all tomorrow.

Expected that Nifty will finally sustain above 4724 and pull back rally will remain continued after completion of very short term correction. 

Indian Stock Markets Closing Reports(28-Dec-2011)

Main features of today trading are as follows

1- All the Indices closed in Red except Power and Capital Goods
2- Red Closing.
3- Weaker global cues led whole day negative zone trading.

Ratios

Nifty Put Call Ratio: 0.86
Nifty P/E Ratio(28-Dec-2011): 17.04

Advances & Declines

BSE ADVANCES : 1054
BSE DECLINES : 1683
NSE ADVANCES : 447
NSE DECLINES : 977

Nifty Open Interest Changed Today

Nifty- 4600 CE(Dec)- +17450(+1.36%)
Nifty- 4600 PE(Dec)- -292400(-4.13%)

Nifty- 4700 CE(Dec)- +1480100(+37.08%)
Nifty- 4700 PE(Dec)- -466850(-7.47%)

Nifty- 4800 CE(Dec)- +1324350(+19.46%)
Nifty- 4800 PE(Dec)- -1341500(-29.62%)

Closing

Nifty- closed at  4,705.80(-44.70 Points & -0.94%)
Sensex- closed at  15,727.85(-146.10 Points & -0.92% )
CNX MIDCAP - closed at  6,127.75(-60.60 Points & -0.98%)
BSE SMALL CAP- closed at  5,650.02(-19.96 Points & -0.35%)

Nifty Spot-Levels & Trading Strategy for 29-12-2011

Nifty Spot-Levels

R3 4816
R2 4786
R1 4745
Avg 4715
S1 4674
S2 4644
S3 4603

Nifty Spot-Trading Strategy

H6 4776     Trgt 2
H5 4760     Trgt 1
H4 4744     Long breakout
H3 4724     Go Short
H2 4718
H1 4711
L1 4698
L2 4691
L3 4685     Long
L4 4665     Short Breakout
L5 4649     Trgt 1
L6 4633     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 29-12-2011

Nifty(Dec Fut)-Levels

R3 4826
R2 4791
R1 4751
Avg 4716
S1 4676
S2 4641
S3 4601

Nifty(Dec Fut)-Trading Strategy

H6 4786     Trgt 2
H5 4769     Trgt 1
H4 4752     Long breakout
H3 4731     Go Short
H2 4724
H1 4717
L1 4704
L2 4697
L3 4690     Long
L4 4669     Short Breakout
L5 4652     Trgt 1
L6 4635     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 29-12-2011

Bank Nifty(Dec Fut)-Levels

R3 8411
R2 8328
R1 8224
Avg 8141
S1 8037
S2 7954
S3 7850

Bank Nifty(Dec Fut)-Trading Strategy

H6 8309     Trgt 2
H5 8266     Trgt 1
H4 8223     Long breakout
H3 8172     Go Short
H2 8155
H1 8138
L1 8103
L2 8086
L3 8069     Long
L4 8018     Short Breakout
L5 7975     Trgt 1
L6 7932     Trgt 2

Pre-Closing Outlook(28-12-2011)

Whole day negative zone trading after weaker global cues with mixed intraday patterns. Nifty traded most of the time between 4686-4724 with lower levels minor intraday support and higher levels selling also.

Sustaining beyond above mentioned range will decide the fate of previous week begun rally therefore will be watched first of all tomorrow.

Mid-session Outlook-2(28-12-2011)

Almost last 4 hours trading between 4692-4717 and sustaining beyond this range will be decide the fate of previous week begun rally therefore just watch sustaining beyond this range for next move confirmation.

Mid-session Outlook(28-12-2011)

As all the Asian markets were weak therefore Indian markets are trading in Red since opening but minor intraday support also seen between 4692-4717 today.

Pre-open Outlook(28-12-2011)

US markets lost all intraday gains and closed flat as well as all the Asian markets are in Red therefore sentiment is weak and negative opening will be seen in Indian markets. Nifty will firstly trade between 4700-4750 and finally sustaining below 4732 will be more down moves confirmation.

Rally continuation hopes alive despite Red Closing today

Nifty-Micro Analysis of Intra Day Chart For 28-12-2011

Nifty-Intra Day Chart(27-dec-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Trading within Yesterday Trading Range(4758-4787) and both sides break out.
2- Down moves in Falling Channel with both sides break out.
3- Intraday Support at lower level between 4732-4747
4- Whole day trading between 4732-4800

Conclusions from intra day chart analysis 

Following 2 consolidation signals;-

1- Down moves in Falling Channel
2- Intraday Support at lower level

Nifty traded most time within last two sessions between 4732-4800 with consolidation signals but today intraday slipping from higher levels and closing little above intraday lower levels also seen today therefore seems that today more than 4 hours down moves are giving correction indication of last 4 sessions upmoves.

For precaution sustaining beyond following levels will be kept in mind;-

1- Firstly Yesterday Trading Range(4758-4787) because Nifty traded and  most time hovered around this range in last 2 sessions.
2- Today trading Range (4732-4800) because market reversed from intraday tops and bottoms of this range.

Today down moves and no clear intraday selling pattern but consolidation indications also therefore continuation hopes of previous week begun rally is alive. Although may slip little more but expected that finally on going rally will remin continued in the coming sessions after some more consolidation.