Intraday Consolidation patterns and support seen between 4735-4746 today.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(04-01-2012)
Following line was told in Bull's Entry after breaking 4 Gates at 02:02:00 AM today:-
sentiment is heated after yesterday strong rally therefore volatility may be seen after minor profit booking
As was told same is being seen immediately after opening today and Indian markets traded most time in Red after after minor Profit booking today. Nifty will prepare for next immediate moves between 4730-4790 and sustaining beyond this range will be next moves confirmation.
Today halt is for next moves preparation after yesterday sharp surge and let market prepare then final conclusions willl be drawn from intraday charts formations.
sentiment is heated after yesterday strong rally therefore volatility may be seen after minor profit booking
As was told same is being seen immediately after opening today and Indian markets traded most time in Red after after minor Profit booking today. Nifty will prepare for next immediate moves between 4730-4790 and sustaining beyond this range will be next moves confirmation.
Today halt is for next moves preparation after yesterday sharp surge and let market prepare then final conclusions willl be drawn from intraday charts formations.
Bull's Entry after breaking 4 Gates
Technical Analysis and Research For
04-01-2012Just click following links to understand detalied technical analysis of Indian markets:-
1- Last Over of the Bull/Bear Match in 1st Week of 2012
2- 9 Laxman Rekha(Crucial Levels) for Bullish Indian Markets
Nifty-EOD Chart(03-Jan-2011):-
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1- Long Bullish Candle on 03-01-2012
2- Closing above 4693(Top of Wave 1) on 03-01-2012
3- Closing above 4720(Bottom of 98 sessions sideways market) on 03-01-2012
4- Higher bottom formation on 03-01-2012.
5- 13 Months Trend Reversal Broadening pattern is intact.
6- Falling Trend line resistance within Broadening pattern.
7- 4 Major resistances within Broadening pattern.
Technical positions within Broadening pattern:-
Higher bottom formation with strong support and base formation within 4560-4625 and 8 resistances at higher levels after yesterday rally are as follows:-
1- 4780-4838
2- 4880-4905
3- 4950-4980
4- 5070-5098
5- 5130-5225
6- 5260-5310
7- 5240-5265
8- 5340-5375
Conclusions from EOD chart analysis
Symptoms of strong recovery seen in 13 months bed ridden that patient which has again reshifted to General ward from ICU yesterday. As following 3 positive structures again reemerged yesterday therefore possibilities of patient running on Bull has turned alive after entry of Bull through breaking following 4 gates;-
1- 38 Months Waves structure has been saved above 4693 therefore Impulsive Wave 5 formation hopes are still alive to form new highs in Indian markets.
2- Nifty forcefully crossed 4720(Bottom of 98 sessions sideways market) therefore blasting up moves possibilities above top of sideways market is also alive.
3- 13 Months Trend Reversal Broadening pattern is intact and up moves begun within it therefore reversing possibility of 13 months down trend is alive.
4- Higher bottom formation confirmations.
As strong base formation within 4560-4625 therefore until Nifty will not sustain below 4560 till then any more down move not be considered. As multiple resistances at higher levels therefore fresh consolidation is required at each step for any upmove but trend reversal pattern formation therefore expected that finally Nifty will cross all the above mentioned resistances and strong rally will be seen.
sentiment is heated after yesterday strong rally therefore volatility may be seen after minor profit booking but continuation of yesterday begun rally is expected in the coming sessions.
Indian Stock Markets Closing Reports(03-Jan-2012)
1- All the Indices closed in Green.
2- Long White candle.
3- Nifty sustained above both crucial levels(4693 and 4720).
Ratios
Nifty Put Call Ratio: 0.93
Nifty P/E Ratio: 17.26
Advances & Declines
BSE Advances : 2028
BSE Declines : 738
NSE Advances : 1212
NSE Declines : 230
Nifty Open Interest Changed Today
Nifty- 4700 CE(Jan)- -880800(-22.45%)
Nifty- 4700 PE(Jan)- 1904300(78.62%)
Nifty- 4800 CE(Jan)- -208300(-5.77%)
Nifty- 4800 PE(Jan)- 722800(48.07%)
Nifty- 4900 CE(Jan)- +351350(+9.39%)
Nifty- 4900 PE(Jan)- +136050(+14.34%)
Closing
Nifty- closed at 4,765.30(+128.55 Points & +2.77%)
Sensex- closed at 15,939.36(+421.44 Points & +2.72% )
CNX MIDCAP - closed at 6,259.70(+164.20 Points & +2.69%)
BSE SMALL CAP- closed at 5,615.03(+58.55 Points & +1.05%)
Nifty Spot-Levels & Trading Strategy for 04-01-2012
R3 4898
R2 4835
R1 4800
Avg 4737
S1 4702
S2 4639
S3 4604
Nifty Spot-Trading Strategy
H6 4864 Trgt 2
H5 4841 Trgt 1
H4 4818 Long breakout
H3 4791 Go Short
H2 4782
H1 4773
L1 4756
L2 4747
L3 4738 Long
L4 4711 Short Breakout
L5 4688 Trgt 1
L6 4665 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 04-01-2012
R3 4938
R2 4866
R1 4824
Avg 4752
S1 4710
S2 4638
S3 4596
Nifty(Jan Fut)-Trading Strategy
H6 4899 Trgt 2
H5 4872 Trgt 1
H4 4845 Long breakout
H3 4814 Go Short
H2 4803
H1 4793
L1 4772
L2 4762
L3 4751 Long
L4 4720 Short Breakout
L5 4693 Trgt 1
L6 4666 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 04-01-2012
R3 8750
R2 8560
R1 8455
Avg 8265
S1 8160
S2 7970
S3 7865
Bank Nifty(Jan Fut)-Trading Strategy
H6 8655 Trgt 2
H5 8583 Trgt 1
H4 8512 Long breakout
H3 8431 Go Short
H2 8404
H1 8377
L1 8322
L2 8295
L3 8268 Long
L4 8187 Short Breakout
L5 8116 Trgt 1
L6 8044 Trgt 2
Pre-Closing Outlook(03-01-2012)
More than 2% rally with more than 4 hours consolidation within 4717-4744 therefore confirmation of sustaining above 4720 as well as continuation of rally.
Mid-session Outlook(03-01-2012)
Up moves are continued since opening but lacking force and sustaining above 4693 and 4720 are must therefore will be firstly watched.
Technical Analysis & Market Outlook(03-01-2012)
Nifty-Intra Day Chart(02-Jan-2011):-
Technical Patterns and Formations in today intraday charts
1- Whole day good consolidation between 4590-4625
2- Whole day trading between 4590-4640
Conclusions from intra day chart analysis
Following supports were given last Saturday:-
1- 4602-4624
2- 4560-4590
Nifty got support at 4588 and whole day consolidated yesterday between above mentioned both supports therefore they have strengthened and short term up move is due now. As Global markets are also strong today morning therefore whole positive zone trading and Green closing is expected after gap up opening today.
Multiple resistances at higher levels therefore fresh consolidation is required before sustained up moves and first of all sustaining above following 2 levels are must for Bull's confidence:-
1- 4693(Wave-1 Top)
2- 4720(Bottom of more than 95 sessions range)
Expected that Nifty will finally sustain above both levels strong rally will be seen in the coming sessions but confirmation is also firstly must through sustaining above both levels.
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1- Whole day good consolidation between 4590-4625
2- Whole day trading between 4590-4640
Conclusions from intra day chart analysis
Following supports were given last Saturday:-
1- 4602-4624
2- 4560-4590
Nifty got support at 4588 and whole day consolidated yesterday between above mentioned both supports therefore they have strengthened and short term up move is due now. As Global markets are also strong today morning therefore whole positive zone trading and Green closing is expected after gap up opening today.
Multiple resistances at higher levels therefore fresh consolidation is required before sustained up moves and first of all sustaining above following 2 levels are must for Bull's confidence:-
1- 4693(Wave-1 Top)
2- 4720(Bottom of more than 95 sessions range)
Expected that Nifty will finally sustain above both levels strong rally will be seen in the coming sessions but confirmation is also firstly must through sustaining above both levels.
FII & DII trading activity in Capital Market Segment on 02-Jan-2012
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Indian Stock Markets Closing Reports(02-Jan-2012)
1- All the Indices closed with minor gains or loss.
2- Bullish Hammer Candle formation.
3- Intraday support at lower levels
Ratios
Nifty Put Call Ratio: 0.88
Nifty P/E Ratio(02-Jan-2012): 16.79
Advances & Declines
BSE ADVANCES : 1415
BSE JanLINES : 1267
NSE ADVANCES : 748
NSE JanLINES : 662
Nifty Open Interest Changed Today
Nifty- 4500 CE(Jan)- +291900(+44.83%)
Nifty- 4500 PE(Jan)- +527450(+10.99%)
Nifty- 4600 CE(Jan)- +395300(+23.51%)
Nifty- 4600 PE(Jan)- +560450(+15.30%)
Nifty- 4700 CE(Jan)- +404950(+11.28%)
Nifty- 4700 PE(Jan)- -61050(-2.44%)
Closing
Nifty- closed at 4,636.75(+12.45 Points & +0.2%)
Sensex- closed at 15,517.92(+63 Points & +0.41%)
CNX MIDCAP - closed at 6,095.50(-16.35 Points & -0.27%)
BSE SMALL CAP- closed at 5,550.14(+5.15 Points & +0.09%)
Nifty Spot-Levels & Trading Strategy for 03-01-2012
R3 4715
R2 4680
R1 4658
Avg 4623
S1 4601
S2 4566
S3 4544
Nifty Spot-Trading Strategy
H6 4693 Trgt 2
H5 4680 Trgt 1
H4 4667 Long breakout
H3 4651 Go Short
H2 4646
H1 4641
L1 4630
L2 4625
L3 4620 Long
L4 4604 Short Breakout
L5 4591 Trgt 1
L6 4578 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 03-01-2012
R3 4730
R2 4687
R1 4677
Avg 4634
S1 4624
S2 4581
S3 4571
Nifty(Jan Fut)-Trading Strategy
H6 4732 Trgt 2
H5 4717 Trgt 1
H4 4702 Long breakout
H3 4684 Go Short
H2 4678
H1 4672
L1 4661
L2 4655
L3 4649 Long
L4 4631 Short Breakout
L5 4616 Trgt 1
L6 4601 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 03-01-2012
R3 8199
R2 8110
R1 8058
Avg 7969
S1 7917
S2 7828
S3 7776
Bank Nifty(Jan Fut)-Trading Strategy
H6 8150 Trgt 2
H5 8117 Trgt 1
H4 8084 Long breakout
H3 8045 Go Short
H2 8032
H1 8019
L1 7994
L2 7981
L3 7968 Long
L4 7929 Short Breakout
L5 7896 Trgt 1
L6 7863 Trgt 2
NIFTY-Jan F&O-1st Buying of 30-12-2011-Covering
NIFTY Jan F & O(Bought on 30-12-2011)-Sir is in train and told for covering immediately after opening today
Wish You All Happy New Year 2012
Wish you all a very Blessful, Bright, Prosperous, Happy, Healthy & Wealthy New Year 2012
Last Over of the Bull/Bear Match in 1st Week of 2012
Wishing you all Happy,Healthy & Prosperous 2012
Weekly Outlook(Jan 02 to Jan 06,2012)
Nifty-Monthly Chart(30-Dec-2011)
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1- All trends are down.
2- Down moves in Falling Channel.
3- Monthly closing at 30 months lowest on the last day of 2011
Conclusions from Monthly chart analysis
2011 begun from long bearish Candle and finished also with long bearish candle and corrected that rally which begun in March 2009.
Nifty-Weekly Chart(30-Dec-2011)
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1- Weekly closing below the top of Wave-1(4693) at 4624.30
Conclusions from Weekly chart analysis
As per Elliot Wave Theory:-
"The bottom of wave 4 should not dip below the top of wave 1 of the same degree,at least on a closing price level"
Top of wave 1 was at 4693 and previous Weekly closing is below 4693 therefore Wave-4 is at stake and with this whole 38 months Waves structure which begum on 27-10-2008 from 2252 will break after confirmation of Wave-4 failure.
Nifty-EOD Chart(30-Dec-2011)
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1- Trend Reversal Broadening Pattern at the bottom of 13 months correction is still intact.
2- 97 Sessions sideways market between 4720-5229 broken down.
Conclusions from EOD chart analysis
All trends are down after 13 months correction and above mentioned 2 trend reversal formations for the last 97 months and in which sideways market structure has been broken down. Last hope of Bulls survival is that Trend Reversal Broadening Pattern which is still intact.
Nifty-Intra Day Chart(30-Dec-2011)
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1- Selling between 4675-4687
2- Sharp fall
2- Last more than one hour support between 4610-4627
3- Whole day trading between 4610-4627
Conclusions from intra day chart analysis
Although selling at higher levels but intraday support also during last more than one hour seen therefore minor upmove is expected in the beginning of next week
Conclusions (After Putting All Studies Together)
All trends are down at the end of 2011.
As per Elliot Wave Theory:-
"The bottom of wave 4 should not dip below the top of wave 1 of the same degree,at least on a closing price level"
Top of wave 1 was at 4693 and Nifty closed below 4693 last Friday. It means that Wave 4 of Nifty dipped and closed below the top of wave 1. As Trend Reversal Broadening Pattern at the bottom of 13 months correction is still intact therefore it will be understood that 38 months waves structure(Patient) is on ventilator and structure termation will get confirmation throgh sustaining below 4693 and dipping below the falling lower line of Broadening Pattern.
Next immediate supports are as follows:-
1- 4602-4624
2- 4560-4590
First of all it has to be decided that Nifty is getting support at above mentioned supports or not. As intraday support seen last Friday between 4610-4627 therefore sustaining beyond above support will be firstly watched in the beginning of next week and finally sustaining below 4560 will be confirmation of 38 months waves structure failure and in that situation much lower levels will be expected. Sustaining above 4627 be confirmation of survival hopes revival and any rally will get up moves confirmation according to crossing of crucial higher levels and multiple resistances.
Most depressed sentiment at the beginning of 2012 because lowest closing of 2011 and first of all sustaining beyond 4610-4627 will be firstly watched. Finally sustaining beyond 4560 will give following confirmation in next week;-
1- Below 4560 will mean Bear victory with sharp down.
2- Above 4560 will mean revival of Bull's survival hopes.
FII & DII trading activity in Capital Market Segment on 30-Dec-2011
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