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Indian Stock Markets Closing Reports(23-Jan-2012)
1- Flat closing in tight range market.
2- White Candle.
3- All the indices are mixed. Some closed positive while others closed in Red.
Ratios
Nifty Put Call Ratio: 1.30
Nifty P/E Ratio(23-Jan-2012): 18.14
Advances & Declines
BSE Advances : 1458
BSE Declines : 1332
NSE Advances : 708
NSE Declines : 734
Nifty Open Interest Changed Today
Nifty- 4900 CE(Jan)- +529300(+19.11%)
Nifty- 4900 PE(Jan)- +950850(+14.24%)
Nifty- 5000 CE(Jan)- +181550(+3.96%)
Nifty- 5000 PE(Jan)- +951900(+16.91%)
Nifty- 5100 CE(Jan)- +612950(+9.76%)
Nifty- 5100 PE(Jan)- +320450(+14.13%)
Closing
Nifty- closed at 5,046.25(-2.35 Points & -00.05%)
Sensex- closed at 16,751.73(+12.72 Points & +0.08%)
CNX Midcap - closed at 6,834.20(+31.05 Points & +0.46%)
BSE Smallcap- closed at 6,294.01(+16.74 Points & +0.27%)
Nifty Spot-Levels & Trading Strategy for 24-01-2012
R3 5101
R2 5080
R1 5063
Avg 5042
S1 5025
S2 5004
S3 4987
Nifty Spot-Trading Strategy
H6 5084 Trgt 2
H5 5075 Trgt 1
H4 5066 Long breakout
H3 5056 Go Short
H2 5052
H1 5049
L1 5042
L2 5039
L3 5035 Long
L4 5025 Short Breakout
L5 5016 Trgt 1
L6 5007 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 24-01-2012
R3 5092
R2 5077
R1 5064
Avg 5049
S1 5036
S2 5021
S3 5008
Nifty(Jan Fut)-Trading Strategy
H6 5079 Trgt 2
H5 5072 Trgt 1
H4 5066 Long breakout
H3 5058 Go Short
H2 5056
H1 5053
L1 5048
L2 5045
L3 5043 Long
L4 5035 Short Breakout
L5 5029 Trgt 1
L6 5022 Trgt 2
Bank Nifty(Jan Fut)-Levels & Trading Strategy for 24-01-2012
R3 9827
R2 9743
R1 9638
Avg 9554
S1 9449
S2 9365
S3 9260
Bank Nifty(Jan Fut)-Trading Strategy
H6 9724 Trgt 2
H5 9681 Trgt 1
H4 9637 Long breakout
H3 9585 Go Short
H2 9568
H1 9551
L1 9516
L2 9499
L3 9482 Long
L4 9430 Short Breakout
L5 9386 Trgt 1
L6 9343 Trgt 2
Pre-Closing Outlook(23-01-2012)
Whatsoever happened in Indian markets today all that was written in our Blog well before the opening of today market. We gave only 17 points range(5035-5053) and Nifty traded almost whole time within this range.
It is confirm that big moves will be seen after the break out of this range but very small trading range in news based market today but we shall try to understand from all the analytical tools and then will post our final conclusions and next possibilities before the opening of tomorrow market.
It is confirm that big moves will be seen after the break out of this range but very small trading range in news based market today but we shall try to understand from all the analytical tools and then will post our final conclusions and next possibilities before the opening of tomorrow market.
Mid-session Outlook-2(23-01-2012)
Following first indication range was given before the opening of today market in Weekly Outlook:-
1- 5035-5053(First Indication)
Our accuracy of levels can be understood from this fact that today first 4 hours trading range is 5030-5059 with selling indications at higher levels and lower levels supports also therefore today trading range break out and sustaining beyond will give next moves confirmations and will be firstly watched.
1- 5035-5053(First Indication)
Our accuracy of levels can be understood from this fact that today first 4 hours trading range is 5030-5059 with selling indications at higher levels and lower levels supports also therefore today trading range break out and sustaining beyond will give next moves confirmations and will be firstly watched.
Mid-session Outlook(23-01-2012)
First indication range(5035-5053) was given in Weekly Outlook(Jan 23 to Jan 27, 2012) and Nifty traded most of the time within that range after almost flat opening today with selling indications at higher levels.
Full guidances have already been given in 6 topics in last 2 days. Just go through and get next moves confirmations one by one through sustaining beyond already mentioned ranges.
Full guidances have already been given in 6 topics in last 2 days. Just go through and get next moves confirmations one by one through sustaining beyond already mentioned ranges.
Rally continuation after Correction Completion
Technical Analysis,Research & Weekly Outlook
(Jan 23 to Jan 27, 2012)
321 Points rally in two previous weeks but following headlines of previous weekly Outlooks are live proofs of this fact that we clearly and with full conviction predicted only for Rally and Bullish market well in advance:1- Bulls Will Welcome In Next Week(Weekly- Jan 07 to Jan 13,2012)
2- Rally Continuation in next week after Consolidations(Weekly- Jan 16 to Jan 20, 2012)
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Following 5 topics have been posted for complete analysis of next week market therefore just click following topics and understand Indian markets with intraday, EOD and indicators charts analysis:-1- Survival of Crucial Supports in 14 Months Bear Market
2- Daily Averages and Trends Analysis
3- Overbought Indicators demanding correction
4- Fibonacci Retracement Levels(4532-5400)
5- Firstly Confirmation through Selling Range Break Out
Conclusions (After Putting All Studies Together)
1- 61.8%(5068) retracement has been completed.
2- Nifty retraced from 5068 in previous week therefore sustaining beyond this level will be firstly watched.
3- Intraday charts showed selling patterns on 20-01-2012.
Short term indicators are in overbought zone and upper Band of Bollinger band has also being tested therefore short term correction is a demand before next up move. As good intraday selling and Hanging Man(Dragonfly Doji-Bearish) Candle Formation therefore correction is firstly expected in the beginning of next week. Ril news based huge volatility was seen last Friday therefore first of all sustaining beyond following 2 ranges will be seen for next moves confirmations:-
1- 5035-5053(First Indication)
2- 5004-5064(Confirmation)
Following points are suggesting for waiting before correction also:-
1- Indicators have not shown divergence yet.
2- All the Indicators are not in overbought zone.
Resistances at higher levels and supports are at lower levels therefore until Nifty will not sustain beyond any crucilal level till then next moves will not get confirmation.
Sustaining below 5004 will be correction confirmation and sustaining above 5064 will be confirmation of continuation of on going rally. As good intraday selling last Friday therefore correction of 533 points on going rally is expected. Although continuation of rally will be finally seen but correction possibility is very much alive in next week.
Overbought Indicators demanding correction
Daily Indicators Analysis
Nifty- 1 Year EOD Chart(20-Jan-2011):-
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| Just click on chart for its enlarged view |
Conclusions from indicators analysis are as follows
1- Bollinger Band- Nifty traded continuously at the sharply rising Upper Band line and strongly signalling the demand of correction.
2- MACD- MACD line is above Average line and both lines have diverged suufciently therefore indicating the demand converge through correction.
3- Slow Stochastic- Over bought and showing possibility of correction after previous week rally.
4- William %R- Over bought and showing possibility of correction after previous week rally.
5- ROC- RSI- Rising but not in over bought zone and no signal of divergence therefore showing scope for some more up moves before correction.
6- RSI- Rising but not in over bought zone and no signal of divergence therefore showing scope for some more up moves before correction.
Conclusions (After Putting All Indicators Together)
Indian markets are overbought and on the verge of correction. As divergence is not seen therefore signalling little more up moves possibility before beginning of correction.
Intraday selling indications on 20-Jan-2011 and overbought Indicators demanding correction also but divergence is not seen in indicators therefore follow up positions(buying/selling) in the beginning of coming week will be firstly watched for next decisive moves confirmations.
Fibonacci Retracement Levels(4532-5400)
Nifty-EOD Chart(20-Jan-2011)
Fibonacci Retracement Levels(4532-5400)
13.0%-4544
23.6%-4736
27.0%-4766
38.2%-4863
50.0%-4966
61.8%-5068
70.7%-5145
76.4%-5195
78.6%-5214
88.6%-5301
Conclusions from EOD chart analysis
61.8% Retracement Level is at 5068 and it was tested on 07-12-2012 as well as new bottom at 4532 was formed after retracement from this level. Retesting of same level with double top formation at same level on 20-Jan-2011 and completion of 61.8% retracement also.
61.8% Retracement Level is always most crucial and telling to wait and watch for intraday moves beyond this level therefore will be firstly analysed in the coming couple of sessions for the confirmation of following next moves:
1- Again small to deeper correction, or
2- Continuation of previous week rally with required correction at higher levels.
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| Just click on chart for its enlarged view |
13.0%-4544
23.6%-4736
27.0%-4766
38.2%-4863
50.0%-4966
61.8%-5068
70.7%-5145
76.4%-5195
78.6%-5214
88.6%-5301
Conclusions from EOD chart analysis
61.8% Retracement Level is at 5068 and it was tested on 07-12-2012 as well as new bottom at 4532 was formed after retracement from this level. Retesting of same level with double top formation at same level on 20-Jan-2011 and completion of 61.8% retracement also.
61.8% Retracement Level is always most crucial and telling to wait and watch for intraday moves beyond this level therefore will be firstly analysed in the coming couple of sessions for the confirmation of following next moves:
1- Again small to deeper correction, or
2- Continuation of previous week rally with required correction at higher levels.
Live Proofs of accurate Weekly Analysis and Predictions
321 Points rally in two previous weeks but following headlines of previous weekly Outlooks are live proofs of this fact that we clearly and with full conviction predicted only for Rally and Bullish market well in advance:
1- Bulls Will Welcome In Next Week(Weekly- Jan 07 to Jan 13,2012)
2- Rally Continuation in next week after Consolidations(Weekly- Jan 16 to Jan 20, 2012)
Anyone may click on topic and verify on his/her own
1- Bulls Will Welcome In Next Week(Weekly- Jan 07 to Jan 13,2012)
2- Rally Continuation in next week after Consolidations(Weekly- Jan 16 to Jan 20, 2012)
Anyone may click on topic and verify on his/her own
Firstly Confirmation through Selling Range Break Out
Nifty-Micro Analysis of Intra Day Chart For 23-01-2012
Nifty-Intra Day Chart(20-Jan-2011):-
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| Just click on chart for its enlarged view |
1- Selling between 5035-5053
2- Huge volatility in last 75 minutes
3- Whole day trading between 5004-5064
Conclusions from intra day chart analysis
Intraday selling patterns between 5035-5053 therefore until Nifty will not sustain above 5053 till then any up move will not be considered. Sentiment was mixed and highly confusing due to Ril Buy Back news and below expectation results after market therefore huge volatility seen in last 75 minutes. As technical positions reverses sharply during such volatility and new intraday highs as well lows were also formed during this short periood therefore sustaining beyond today intraday range(5004-5064) will be next moves confirmations.
As good intraday selling therefore possibility of slipping below 5004 is also alive but huge volatility therefore firstly sustaining beyond today selling range(5035-5053) should be watched for confirmations.
Survival of Crucial Supports in 14 Months Bear Market
Nifty-EOD Chart(20-Jan-2011):-
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| Technical Patterns and Formations in EOD charts |
1- Trend Reversal Broadening Pattern at the bottom of 14 months correction is intact.
2- Trend Reversal 108 Sessions sideways market between 4720-5229 is intact.
3- Begining of rally on 20-12-2011 from 4531.15.
4- Falling Trendline Correction from 5399 and its upward cross over.
Conclusions from EOD chart analysis
Begining of rally on 20-12-2011 from 4531.15 after 14 Months correction and following points are showing indications of this long correction completion:-
1- Two above mentioned trend reversal patterns formations at the bottom of correction. As big 108 sessions patterns therefore its final break out moves will also be vast.
2- On going rally showed good strength after crossing and sustaining above falling Trendline.
3- On going rally commenced in the 13th month of correction and it is a Fibonacci number also therefore whole 14 months correction completion possibility in the 13th month is also alive
Daily Averages and Trends Analysis
Nifty-1 Year EOD Chart(20-Jan-2011):-
Conclusions
Trends & Averages(EMA-8,21,55,200)- Averages are as follows:
8-Day EMA is at- 4940
55-Day EMA is at- 4874
200-Day EMA is at-5131
200-Day SMA is at-5220
Short term trend is up and Intermediate term trend will be up above 5099. 8-Day EMA is rising as well as showed strength through moving above rising 55-Day EMA. First strong indication of long term trend turning up will be after moving above 200-Day EMA and confirmation will be after sustaining above 200-Day SMA because Nifty got stiff resistance at 200-Day SMA 3 times earlier.
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| Just click on chart for its enlarged view |
Trends & Averages(EMA-8,21,55,200)- Averages are as follows:
8-Day EMA is at- 4940
55-Day EMA is at- 4874
200-Day EMA is at-5131
200-Day SMA is at-5220
Short term trend is up and Intermediate term trend will be up above 5099. 8-Day EMA is rising as well as showed strength through moving above rising 55-Day EMA. First strong indication of long term trend turning up will be after moving above 200-Day EMA and confirmation will be after sustaining above 200-Day SMA because Nifty got stiff resistance at 200-Day SMA 3 times earlier.
FII & DII trading activity in Capital Market Segment on 20-Jan-2012
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Indian Stock Markets Closing Reports(20-Jan-2012)
1- Benchmark Indices closed positive with marginal gains.
2 -Hanging Man / Dragonfly Doji Candle Formation.
3- Mixed closing of all sectoral Indices.
Ratios
Nifty Put Call Ratio: 1.23
Nifty P/E Ratio(20-Jan-2012):18.14
Advances & Declines
BSE Advances : 1361
BSE Declines : 1502
NSE Advances : 621
NSE Declines : 813
Nifty Open Interest Changed Today
Nifty- 4900 CE(Jan)- -472350(-14.20%)
Nifty- 4900 PE(Jan)- +635950(+10.12%)
Nifty- 5000 CE(Jan)- -357200(-6.71%)
Nifty- 5000 PE(Jan)- +1905050(+46.37%)
Nifty- 5100 CE(Jan)- -265300(-3.74%)
Nifty- 5100 PE(Jan)- +1367100(+127.15%)
Closing
Nifty- closed at 5,048.60(+30.20 Points & +0.60%)
Sensex- closed at 16,739.01(+95.27 Points & +0.57%)
CNX Midcap - closed at 6,803.15(+57.10 Points & +0.85%)
BSE Smallcap- closed at 6,277.27(+5.04 Points & +0.08%)
Nifty Spot-Levels & Trading Strategy for 23-01-2012
R3 5133
R2 5098
R1 5073
Avg 5038
S1 5013
S2 4978
S3 4953
Nifty Spot-Trading Strategy
H6 5108 Trgt 2
H5 5094 Trgt 1
H4 5081 Long breakout
H3 5064 Go Short
H2 5059
H1 5053
L1 5042
L2 5037
L3 5031 Long
L4 5015 Short Breakout
L5 5001 Trgt 1
L6 4987 Trgt 2
Nifty(Jan Fut)-Levels & Trading Strategy for 23-01-2012
R3 5130
R2 5097
R1 5072
Avg 5039
S1 5014
S2 4981
S3 4956
Nifty(Jan Fut)-Trading Strategy
H6 5105 Trgt 2
H5 5092 Trgt 1
H4 5078 Long breakout
H3 5062 Go Short
H2 5057
H1 5052
L1 5041
L2 5036
L3 5031 Long
L4 5015 Short Breakout
L5 5001 Trgt 1
L6 4988 Trgt 2
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