Rally is On Despite Red Closing Today

Nifty-Micro Analysis of Intra Day Chart For 05-01-2012

Nifty-Intra Day Chart(04-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4735-4756
2- Rounding bottom support formation
3- Whole day consolidation patterns only
4- Whole day trading between 4730-4780

Conclusions from intra day chart analysis 

As intraday patterns of today are showing lower levels good support and whole day consolidation pattern formations also therefore today most time negative zone trading will be understood as very short term correction only and continuation of rally is expected in the coming sessions.

Expected that Nifty will firstly hover around today trading range(4730-4780) but will not sustain below 4730 and finally cross and sustain above 4730 as well as rally will remain continued in the coming sessions.

FII Trading Data in Derivatives Segment on 04-Jan-2012

FII & DII trading activity in Capital Market Segment on 04-Jan-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Jan-2012 1836.86 1697.89 138.97

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Jan-2012 856.02 939.43 -83.41

Indian Stock Markets Closing Reports(04-Jan-2012)

Main features of today trading are as follows

1- All the indices closed with little gains or loss.
2- Benchmark Indices closed in Red
3- Black Candle

Ratios

Nifty Put Call Ratio: 1.02
Nifty P/E Ratio(04-Jan-2012): 17.20

Advances & Declines

BSE Advances : 1509
BSE Declines : 1207
NSE Advances : 775
NSE Declines : 641

Nifty Open Interest Changed Today

Nifty- 4600 CE(Jan)- -94850(-5.70%)
Nifty- 4600 PE(Jan)- +130100(+2.67%)

Nifty- 4700 CE(Jan)- -76600(-2.56%)
Nifty- 4700 PE(Jan)- +431250(+10.04%)

Nifty- 4800 CE(Jan)- +426200(+12.92%)
Nifty- 4800 PE(Jan)- -70000(-3.21%)

Closing 

Nifty- closed at 4,749.65(-15.65 Points & -0.33%)
Sensex- closed at 15,882.64(-56.72 Points & -0.36% )
CNX Midcap - closed at 6,261.75(+2.05 Points & +0.03%)
BSE Smallcap- closed at 5,691.37(+5.60 Points & +0.10%)

Nifty Spot-Levels & Trading Strategy for 05-01-2012

Nifty Spot-Levels

R3 4832
R2 4807
R1 4778
Avg 4753
S1 4724
S2 4699
S3 4670

Nifty Spot-Trading Strategy

H6 4803     Trgt 2
H5 4790     Trgt 1
H4 4778     Long breakout
H3 4763     Go Short
H2 4758
H1 4753
L1 4744
L2 4739
L3 4734     Long
L4 4719     Short Breakout
L5 4707     Trgt 1
L6 4694     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 05-01-2012

Nifty(Jan Fut)-Levels

R3 4855
R2 4827
R1 4793
Avg 4765
S1 4731
S2 4703
S3 4669

Nifty(Jan Fut)-Trading Strategy

H6 4822     Trgt 2
H5 4808     Trgt 1
H4 4794     Long breakout
H3 4777     Go Short
H2 4771
H1 4765
L1 4754
L2 4748
L3 4742     Long
L4 4725     Short Breakout
L5 4711     Trgt 1
L6 4697     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 05-01-2012

Bank Nifty(Jan Fut)-Levels

R3 8642
R2 8552
R1 8474
Avg 8384
S1 8306
S2 8216
S3 8138

Bank Nifty(Jan Fut)-Trading Strategy

H6 8566     Trgt 2
H5 8527     Trgt 1
H4 8488     Long breakout
H3 8442     Go Short
H2 8426
H1 8411
L1 8380
L2 8365
L3 8349     Long
L4 8303     Short Breakout
L5 8264     Trgt 1
L6 8225     Trgt 2

Pre-Closing Outlook(04-01-2012)

Neither up move nor down move but only 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

Most of the time negative zone trading after profit booking was seen within that range today which was also updated in Mid-session Outlook today. Intraday Consolidation patterns and support seen between 4735-4746 was also told as well as sharp surge also seen after our message. Although market market could not sustain at higher levels today but lower levels support seen therefore continuation of yesterdau begun rally is alive despite negative closing today.

Mid-session Outlook-2(04-01-2012)

Intraday Consolidation patterns and support seen between 4735-4746 today.

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.

Bull's Entry after breaking 4 Gates

Technical Analysis and Research For           

04-01-2012

Just 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):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

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)

Main features of today trading are as follows

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

Nifty Spot-Levels

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

Nifty(Jan Fut)-Levels

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

Bank Nifty(Jan Fut)-Levels

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):-

Just click on chart for its enlarged view

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.

FII Trading Data in Derivatives Segment on 02-Jan-2012

FII & DII trading activity in Capital Market Segment on 02-Jan-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 02-Jan-2012 458.53 552.4 -93.87

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 02-Jan-2012 579.04 494.7 84.34

Indian Stock Markets Closing Reports(02-Jan-2012)

Main features of today trading are as follows

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%)