Correction continued on expected lines

Mid-session Outlook(18-01-2012)

When US markets were trading more than 1% up then following topic was posted yesterday:-

Firstly Intraday correction expected tomorrow

Following line was told yesterday which proved 100% accurate today:

expected that Nifty will trade within today intraday trading range(4925-4975)

Intraday correction is continued on expected lines and sustaining beyond above mentioned range will give next moves confirmations therefore will be firstly watched today.

Firstly Intraday correction expected tomorrow

Nifty-Micro Analysis of Intra Day Chart For 18-01-2012

Nifty-Intra Day Chart(17-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day up moves in Channel and lacking force.
2- Minor selling between 4965-4975
3- Whole day trading between 4925-4975

Conclusions from intra day chart analysis 

Intraday patterns are suggesting selling formations also despite 1.92% positive closing therefore market require more consolidations before decisive up moves. Although US markets are trading more than 1% up today and European markets also closed with good gains therefore sentiment may be heated tomorrow morning but expected that Nifty will trade within today intraday trading range(4925-4975) and for consolidation slipping below 4925 possibility also can not be ruled out in the coming sessions.

Intraday correction firstly expected tomorrow and follow up buying/selling near about and within 4925-4975 will pave the way of next short term trend and sustaining beyond mentioned range will give next moves confirmations.

Firstly watch sustaining beyond 4925-4975 for next moves confirmations.

FII Trading Data in Derivatives Segment on 17-Jan-2012

FII & DII trading activity in Capital Market Segment on 17-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 17-Jan-2012 2963.72 1937.97 1025.75

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Jan-2012 1292.91 1722.14 -429.23

Indian Stock Markets Closing Reports(17-Jan-2012)

Main features of today trading are as follows

1- All the Indices closed in Green.
2- Long White Candle.
3- Whole day up move but lacking force therefore confirmations are required for next moves.

Ratios

Nifty Put Call Ratio: 1.22
Nifty P/E Ratio(17-Jan-2012): 17.85

Advances & Declines

BSE Advances : 1892
BSE Declines : 991
NSE Advances : 1026
NSE Declines : 421

Nifty Open Interest Changed Today

Nifty- 4800 CE(Jan)- -626350(-16.71%)
Nifty- 4800 PE(Jan)- +831600(+13.34%)

Nifty- 4900 CE(Jan)- -757650(-13.55%)
Nifty- 4900 PE(Jan)- +2760700(+91.95%)

Nifty- 5000 CE(Jan)- +306400(+4.40%)
Nifty- 5000 PE(Jan)- +1551450(+96.22%)

Closing

Nifty- closed at 4,967.30(+93.40 Points & +1.92%)
Sensex- closed at 16,466.05(+276.69 Points & +1.71%)
CNX Midcap - closed at 6,725.30(+78.25 Points & +1.18%)
BSE Smallcap- closed at 6,258.45(+66.42 Points & +1.07%)

Nifty Spot-Levels & Trading Strategy for 18-01-2012

Nifty Spot-Levels

R3 5064
R2 5019
R1 4993
Avg 4948
S1 4922
S2 4877
S3 4851

Nifty Spot-Trading Strategy

H6 5038     Trgt 2
H5 5022     Trgt 1
H4 5006     Long breakout
H3 4986     Go Short
H2 4980
H1 4973
L1 4960
L2 4953
L3 4947     Long
L4 4927     Short Breakout
L5 4911     Trgt 1
L6 4895     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 18-01-2012

Nifty(Jan Fut)-Levels

R3 5096
R2 5042
R1 5020
Avg 4966
S1 4944
S2 4890
S3 4868

Nifty(Jan Fut)-Trading Strategy

H6 5075     Trgt 2
H5 5057     Trgt 1
H4 5039     Long breakout
H3 5018     Go Short
H2 5011
H1 5004
L1 4991
L2 4984
L3 4977     Long
L4 4956     Short Breakout
L5 4938     Trgt 1
L6 4920     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 18-01-2012

Bank Nifty(Jan Fut)-Levels

R3 9285
R2 9212
R1 9145
Avg 9072
S1 9005
S2 8932
S3 8865

Bank Nifty(Jan Fut)-Trading Strategy

H6 9219     Trgt 2
H5 9187     Trgt 1
H4 9155     Long breakout
H3 9116     Go Short
H2 9103
H1 9090
L1 9065
L2 9052
L3 9039     Long
L4 9001     Short Breakout
L5 8968     Trgt 1
L6 8936     Trgt 2

Pre-Closing Outlook(17-01-2012)

Testing possibility of next  resistance range 4950-4980 was told at 09:31:00 AM today and Nifty is trading between this range for the last 3 hours. Whole day up moves but without force today therefore next up moves confirmations through sustaining above 4980 is must and more consolidation is firstly required for up moves..

As up moves without force therefore sustaining beyond 4950-4980 will be firstly watched.

Rally continuation after Break out today

Post-open Outlook(17-01-2012)

All the outlooks in previous 7 days are live proofs of this fact that we told more than 15 times only for up moves and rally it has been seen after gap up opening today.

Last 4 sessions range has been broken out and resistance range of 4880-4905 has been cleared after gap up opening today. Next resistance is between 4950-4980 and expected that it will be tested now.

Rally continuation after Break Out

Nifty-Micro Analysis of Intra Day Chart For 16-01-2012

Nifty-Intra Day Chart(16-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 4828-4848
2- Mixed Patterns between 4860-4880
3- Most time consolidation patterns fomations.
4- Whole day trading between 4828-4880

Nifty-Micro Analysis of 4 days Intra Day Chart(Jan 11 to Jan 16,2012)

Nifty-Intra Day Chart(Jan 11 to Jan 16,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 4 sessions intraday charts

1- Genuine Selling between 4857-4876 before INFY results on 11-01-2012
2- Good Support at lower levels between 4808-4860
3- Mixed Patterns between 4860-4897
4- 4 Days trading between 4804-4898

Conclusions

Genuine selling between 4857-4876 before INFY results on 11-01-2012 and almost in the same range mixed intraday patterns seen in two previous sessions also. Good support also at lower levels therefore last 4 sessions trading range(4804-4898) upward break out possibility is equally high but selling at higher levels also therefore consolilation is firstly required in the coming sessions.

4 Days trading between 4804-4898 and finally break out above 4898 is expected after follow up consolidation in the coming sessions. As genuine selling on 11-01-2012 therefore consolidation is firstly must tomorrow.

FII Trading Data in Derivatives Segment on 16-Jan-2012

Indian Stock Markets Closing Reports(16-Jan-2012)

Main features of today trading are as follows

1- Benchmark Indices closed with minor gains.
2- White Candle.
3- Closing near the highest of the day.

Ratios

Nifty Put Call Ratio: 1.00
Nifty P/E Ratio(16-Jan-2012): 17.53

Advances & Declines

BSE Advances : 1383
BSE Declines : 1390
NSE Advances : 662
NSE Declines : 788

Nifty Open Interest Changed Today

Nifty- 4700 CE(Jan)- -102250(-4.44%)
Nifty- 4700 PE(Jan)- +66000(+0.88%)

Nifty- 4800 CE(Jan)- +55000(+1.42%)
Nifty- 4800 PE(Jan)- +937250(+16.70%)

Nifty- 4900 CE(Jan)- +316600(+5.86%)
Nifty- 4900 PE(Jan)- +441200(+16.15%)

Closing

Nifty- closed at 4,873.90(+7.90 Points & +0.16%)
Sensex- closed at 16,189.36(+34.74 Points & +0.22% )
CNX Midcap - closed at 6,647.05(-6.50 Points & -0.10%)
BSE Smallcap- closed at 6,171.75(+87.48 Points & +1.44%)

Nifty Spot-Levels & Trading Strategy for 17-01-2012

Nifty Spot-Levels

R3 4946
R2 4913
R1 4893
Avg 4860
S1 4840
S2 4807
S3 4787

Nifty Spot-Trading Strategy

H6 4926     Trgt 2
H5 4914     Trgt 1
H4 4902     Long breakout
H3 4887     Go Short
H2 4882
H1 4877
L1 4868
L2 4863
L3 4858     Long
L4 4843     Short Breakout
L5 4831     Trgt 1
L6 4819     Trgt 2

Nifty(Jan Fut)-Levels & Trading Strategy for 17-01-2012

Nifty(Jan Fut)-Levels

R3 4979
R2 4939
R1 4915
Avg 4875
S1 4851
S2 4811
S3 4787

Nifty(Jan Fut)-Trading Strategy

H6 4955     Trgt 2
H5 4940     Trgt 1
H4 4926     Long breakout
H3 4908     Go Short
H2 4902
H1 4896
L1 4885
L2 4879
L3 4873     Long
L4 4855     Short Breakout
L5 4841     Trgt 1
L6 4826     Trgt 2

Bank Nifty(Jan Fut)-Levels & Trading Strategy for 17-01-2012

Bank Nifty(Jan Fut)-Levels

R3 9196
R2 9093
R1 9027
Avg 8924
S1 8858
S2 8755
S3 8689

Bank Nifty(Jan Fut)-Trading Strategy

H6 9132     Trgt 2
H5 9093     Trgt 1
H4 9053     Long breakout
H3 9007     Go Short
H2 8991
H1 8976
L1 8945
L2 8930
L3 8914     Long
L4 8868     Short Breakout
L5 8828     Trgt 1
L6 8789     Trgt 2

FII & DII trading activity in Capital Market Segment on 16-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 16-Jan-2012 1980.81 1623.13 357.68

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Jan-2012 649.83 879.38 -229.55

Pre-Closing Outlook(16-01-2012)

All the today markets intraday moves were updated well in advance;

1- As soon as support developed today then upward moves expectation was told and only intraday up moves were seen after our posting in Mid-session Outlook
2- Today trading range was told (4804-4898) on 14-01-2012 and Nifty traded almost whole day within it.

As today intraday patterns are showing consolidation formations therefore up moves expectations have increased today.

Mid-session Outlook(16-01-2012)

Today trading range: 4828-4851
Intraday patterns today: consolidation signals.
Intraday support: 4828-4838
Next moves expectations: Upward

Post-open Outlook(16-01-2012)

Following lines were told 14-01-2012:-

As both higher levels selling and lower levels buying in 3 previous session therefore markets are not prepared for anyside decisive moves and will firstly trade and prepare for next moves between last 3 days trading range(4804-4898) in the beginning of next week

As all the Asian markets were weak today therefore Indian markets are trading in Red since opening today.Good consolidation was seen between 4835-4860 on 13-01-2012 and sustaining below 4835 will be strong signal of downmove.

As good support was seen between 4835-4860 on 13-01-2012 and Nifty is trading between this range since opening today  therefore sustaining beyond this range should be firstly watched for next moves confirmations.

Rally Continuation in next week after Consolidations

Technical Analysis,Research & Weekly Outlook 

(Jan 16 to Jan 20, 2012)

Nifty-Intra Day Chart(13-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 4835-4860
2- Mixed Patterns between 4875-4897
3- Whole day trading between 4835-4898

Conclusions from intra day chart analysis 

Good support at lower levels but mixed intraday patterns at higher levels therefore more consolidation is required for crossing and sustaining above 4900.

Nifty-EOD Chart(13-Jan-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Pennant Formation
2- Pennant upward break out on 10-01 2011
3- Falling Trendline
4- Falling Trendline break out on 10-01 2011
5- Positive MACD
6- Doji Candle in 3 previous sessions.
7- MACD up ward intersected average line

Conclusions (After Putting All Studies Together)

Long term and Intermediate term trends are down and short term trend is up at the bottom of 14 months long Corrective Wave 'C'. 4 Sub waves of corrective Wave 'C' has been completed and 5th Sub wave was extended in 5 Waves as well as its completion signal after beginning of rally on 20-12-2011 from 4531.15.

Rally is on after lower levels consolidations and showed strengh after Pennant and Falling Trendline break out on 10-01 2011 but correction also seen after selling on 11-01 2011.  Technicals of 3 previous sessions are as follows:-

1- 3 Doji Candle formation 
2- Both higher levels selling and lower levels buying in 3 previous sessions.
3- 3 days sideways trading between 4804-4898.

As both higher levels selling and lower levels buying in 3 previous session therefore markets are not prepared for anyside decisive moves and will firstly trade and prepare for next moves between last 3 days trading range(4804-4898) in the beginning of next week

As multiple resistances at higher levels therefore consolidation is required before any up move and it is going on for the last 3 sessions. Expected that on going Rally will remain continued after follow up consolidation in next week.