Mid-session Outlook-2(10-02-2012)

Although sharp up moves in last one hour yesterday but we were having doubts because selling formations were also seen between 5322-5395 in last 4 sessions therefore condition of sustaining above 5395 was updated in all 3 previous outlooks.

When Nifty was trading above 5400 today then also intraday higher levels selling was seen and condition of sustaining above 5395 wae told in Mid-session Outlook today.

Indian markets slipped from higher levels today and Nifty is again trading between last 4 sessions main trading range(5322-5395). As trading at higher levels above 5395 also therefore next moves confitmation is changed and sustaining beyond 5322-5426 should be watched for the confirmations of:-

1- Depth of correction
2- Next phase of rally

Mid-session Outlook(10-02-2012)

As sentiment is strong therefore Indian markets did not crashed despite below expectations and disappointing IIP data.  Although Nifty is trading above 5400 since opening today but intraday patterns are signalling selling patterns also at today higher levels therefore sustaining above 5395 will be firstly watched today for fresh phase of rally confirmation above 5400.

confirmations required through sustaining beyond 5395

Nifty-Micro Analysis of 4 days Intra Day Chart(Feb 06 to Feb 09,2012)

Nifty-Intra Day Chart(Feb 06 to Feb 08,2012):-

Just click on chart for its enlarged view

Nifty-Intra Day Chart(09-Feb-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 4 sessions intraday charts

1- Selling between 5365-5395 in first 3 days.
2- Support between 5322-5355 in first 3 days.
3- Mixed patterns in first 3 days.
4- Last one hour trading between 5325-5380 on 08-02-2012
5- Whole day except last half trading between 5325-5380 on 09-02-2012 with intraday mixed patterns
6- Four days range forceful break out in last hour on 09-02-2012 despite mixed intraday trading almost whole day.

Conclusions from last 4 sessions intra day chart analysis

Higher levels selling and lower levels buying in first 3 sessions between 5322-5395 and again mixed intraday patterns trading within 5325-5380 upto 03:00 PM on 09-02-2012.

Forceful break out in last half hour on 09-02-2012 despite mixed intraday trading almost whole day before this break out.

Just watch firstly sustaining beyond 5395 in the coming couple of sessions and finally sustaining above 5395 will mean fresh strong rally after very short term correction completion in sideways moves between 5322-5395.

As Break out on 09-02-2012 is after 4 days mixed intraday trading patterns theredore firstly confirmation is requied through sustaining above 5395 in the coming couple of sessions.

Indian Stock Markets Closing Reports(09-Feb-2012)

Main features of today trading are as follows

1- Good recovery from lower levels.
2- All the Indices closed in Green except CG and HC.
3- Long White Candle.

Ratios

Nifty Put Call Ratio: 1.21
Nifty P/E Ratio(09-Feb-2012): 19.30

Advances & Declines

BSE Advances : 1816
BSE Declines : 1086
NSE Advances :  994
NSE Declines :  472

Nifty Open Interest Changed Today

Nifty- 5300 CE(Feb)- -327200(-7.86%)
Nifty- 5300 PE(Feb)- +1197850(+21.10%)

Nifty- 5400 CE(Feb)- -189250(-3.23%)
Nifty- 5400 PE(Feb)- +1094250(+34.98%)

Nifty- 5500 CE(Feb)- -71750(-1.11%)
Nifty- 5500 PE(Feb)- +190700(+15.37%)

Closing 

Nifty- closed at 5,412.35(+44.20 Points & +0.82%)
Sensex- closed at 17,830.75(+123.43 Points & +0.70% )
CNX Midcap - closed at 7,533.60(+98.10 Points & +1.32%)
BSE Smallcap- closed at 6,892.49(+80.34 Points & +1.18%)

FII & DII trading activity in Capital Market Segment on 09-Feb-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 09-Feb-2012 3985.22 2784.56 1200.66

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 09-Feb-2012 964.39 2001.97 -1037.58

FII Trading Data in Derivatives Segment on 09-Feb-2012

Nifty Spot-Levels & Trading Strategy for 10-02-2012

Nifty Spot-Levels

R3 5529
R2 5476
R1 5444
PIVOT 5391
S1 5359
S2 5306
S3 5274

Nifty Spot-Trading Strategy

H6 5498     Trgt 2
H5 5478     Trgt 1
H4 5458     Long breakout
H3 5435     Go Short
H2 5427
H1 5419
L1 5404
L2 5396
L3 5388     Long
L4 5365     Short Breakout
L5 5345     Trgt 1
L6 5325     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 10-02-2012

Nifty(Feb Fut)-Levels

R3 5637
R2 5544
R1 5490
PIVOT 5397
S1 5343
S2 5250
S3 5196

Nifty(Feb Fut)-Trading Strategy

H6 5587     Trgt 2
H5 5552     Trgt 1
H4 5517     Long breakout
H3 5477     Go Short
H2 5463
H1 5450
L1 5423
L2 5410
L3 5396     Long
L4 5356     Short Breakout
L5 5321     Trgt 1
L6 5286    Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 10-02-2012

Bank Nifty(Feb Fut)-Levels

R3 10996
R2 10799
R1 10675
PIVOT 10478
S1 10354
S2 10157
S3 10033

Bank Nifty(Feb Fut)-Trading Strategy

H6 10880     Trgt 2
H5 10803     Trgt 1
H4 10727     Long breakout
H3 10639     Go Short
H2 10609
H1 10580
L1 10521
L2 10492
L3 10462     Long
L4 10374     Short Breakout
L5 10298     Trgt 1
L6 10221     Trgt 2

Pre-Closing Outlook(09-02-2012)

As last 3 days range forcefully broken out therefore sustaining above 5395 tomorrow will mean continuation of running rally after correction completion within 5322-5395

73 Nifty Points small range will decide next Big Moves

Mid-session Outlook(09-02-2012)  

Technical positions of last 3 sessions and today are as follows:-

1- Selling between 5365-5395
2- Support between 5322-5355
3- Last one hour yesterday trading between 5325-5380
4- First 3 hours today trading between 5339-5365

First Indication:-

Both lower levels minor support and higher levels selling was seen between 5325-5380 in last 1 hour yesterday and Nifty is trading as well as preparing for next moves between this range since opening today.Although intraday patterns are showing selling  signals therefore down side possibilities are increasing but next moves first strong  indication will be crossing of 5325-5380.

73 Points next Trend Confirmation Range; 5322-5355

1- Deeper correction confirmation will be after sustaining below 5322.
2- Correction completion within sideways market and then Fresh upmoves confirmation will be after sustaining above 5395.

Correction is on Cards

Nifty-Indicators Analysis in Daily Chart(08-Feb-2012):-

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Indicators analysis in Daily chart

1- Three days sideways market.
2- Bollinger Band is continuously moving along with Upper Band and showing maturity of up trend.
3- All indicators are either in overbought zone or just below and showing possibility of correction to cool down indicators. .
4- Divergence in overbought zone also and showing that market which is prepared for correction also.
5- ADX is above 60 and near its peaking level.

Nifty-Micro Analysis of 3 days Intra Day Chart(Feb 06 to Feb 08,2012)

Nifty-Intra Day Chart(Feb 06 to Feb 08,2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 3 sessions intraday charts

1- Selling between 5365-5395
2- Support between 5322-5355
3- Three days trading between 5322-5395

Conclusions (After Putting All Indicators Together)

889 Nifty points rally and above mentioned signals are suggesting that Indian markets are preparing for correction. As Running rallies corrects within sideways markets therefore this possibility will be firstly kept in mind:-

1- As good selling at higher levels in last 3 sessions therefore until Nifty will not sustain above 5395 till then further rally will not be considered.
2- As lower levels supportsnabove 5322 also seen in last 3 sessions therefore correction completion possibility between sideways moves is still alive.

Indian markets are almost mature for correction and sustaining above 5322 will be firstly watched but its breaking down will mean that short term correction which may be deep also.

As good selling at higher levels in last 3 sessions and 889 Nifty points rally require sufficient correction therefore expected that Nifty will slip below 5322 and posssibility of next support testing near 5250/5100 can not be ruled out.

Last 3 sessions trading between 5322-5395 and sustaining beyond this range will finally reply all questions regarding expected correction therefore it is next moves confirmation range and should be firstly watched.

FII Trading Data in Derivatives Segment on 08-Feb-2012

FII & DII trading activity in Capital Market Segment on 08-Feb-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 08-Feb-2012 4402.73 4018.49 384.24

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 08-Feb-2012 1512.31 1936.77 -424.46

Indian Stock Markets Closing Reports(08-Feb-2012)

Main features of today trading are as follows

1- All the Indices closed in Green except BANKEX and HC.
2- Volatile market near about last 2 sessions range.
3- White Candle.

Ratios

Nifty Put Call Ratio:1.19
Nifty P/E Ratio(08-Feb-2012):19.14

Advances & Declines

BSE Advances : 1734
BSE Declines : 1162
NSE Advances : 932
NSE Declines : 522


Nifty Open Interest Changed Today

Nifty- 5200 CE(Feb)- +13200(+0.42%)
Nifty- 5200 PE(Feb)- +442800(+6.03%)

Nifty- 5300 CE(Feb)- +152100(+3.64%)
Nifty- 5300 PE(Feb)- +864550(+16.91%)

Nifty- 5400 CE(Feb)- +179800(+3.05%)
Nifty- 5400 PE(Feb)- +639400(+24.59%)

Closing 

Nifty- closed at 5,368.15(+33 Points & +0.62%)
Sensex- closed at 17,707.32(+84.87 Points & +0.48%)
CNX Midcap - closed at 7,435.50(+80.35 Points & +1.09%)
BSE Smallcap- closed at 6,812.15(+60.17 Points & +0.89%)

Nifty Spot-Levels & Trading Strategy for 08-02-2012

Nifty Spot-Levels

R3 5482
R2 5447
R1 5391
Avg 5356
S1 5300
S2 5265
S3 5209

Nifty Spot-Trading Strategy

H6 5426     Trgt 2
H5 5405     Trgt 1
H4 5385     Long breakout
H3 5360     Go Short
H2 5351
H1 5343
L1 5326
L2 5318
L3 5309     Long
L4 5284     Short Breakout
L5 5264     Trgt 1
L6 5243     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 09-02-2012

Nifty(Feb Fut)-Levels

R3 5508
R2 5466
R1 5427
Avg 5385
S1 5346
S2 5304
S3 5265

Nifty(Feb Fut)-Trading Strategy

H6 5469     Trgt 2
H5 5451     Trgt 1
H4 5432     Long breakout
H3 5410     Go Short
H2 5402
H1 5395
L1 5380
L2 5373
L3 5365     Long
L4 5343     Short Breakout
L5 5324     Trgt 1
L6 5306     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 09-02-2012

Bank Nifty(Feb Fut)-Levels

R3 10685
R2 10563
R1 10452
Avg 10330
S1 10219
S2 10097
S3 9986

Bank Nifty(Feb Fut)-Trading Strategy

H6 10577     Trgt 2
H5 10523     Trgt 1
H4 10469     Long breakout
H3 10405     Go Short
H2 10383
H1 10362
L1 10319
L2 10298
L3 10276     Long
L4 10212     Short Breakout
L5 10158     Trgt 1
L6 10104     Trgt 2

Post-closing Report(08-02-2012)

Again selling today also between last 2 sessions selling range(5365-5389) and again Nifty could not sustain above 5389 therefore short term and deeper correction possibility has increased today. 

Mid-session Outlook(08-02-2012)

Yesterday technicals positions are as follows:-

1- Selling between 5368-5386
2- Mixed Patterns between 5323-5338

First 2 hours trading range today is- 5335.75-5387.05

Selling betweeen 5365-5389 in last 2 sessions and sustaining above will mean fresh up moves after completion of very short term correction. As today up moves are after lower levels support therefore this possibility is alive if market consolidates today between last 2 sessions Selling range(5368-5386).As Nifty is trading between this range(5368-5386) therefore cross over of this range should be seen firstly used for next moves first indication.

Nifty-Micro Analysis of Intra Day Chart For 08-02-2012

Nifty-Intra Day Chart(07-Feb-2011):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5368-5386
2- Mixed Patterns between 5323-5338
3- Whole day trading between 5324-5398

Conclusions from intra day chart analysis 

As intraday selling between 5365-5389 on 06-02-2012 therefore folowing lines were told for 07-02-2012 market on 06-02-2012 in very short term correction on 07-02-2012:-

1- "very short term correction and slipping below today trading lows(5330) is expected"


2- "As intraday selling at higher levels therefore consolidation and sustaining above 5389 is must for next up moves confirmations"

Our above both projections proved 100% accurate;-


Nifty could not sustain above 5389 and slipped below 5330 as well as formed intraday low at 5313.35 on 07-02-2012 

Intraday selling again seen between 5368-5386 on 07-02-2012 therefore the range of 5365-5389 become stronger resistance. All trends are up and Indian markets are in the hands of Bulls as well as last one hour trading with intraday mixed patterns also seen between 5323-5338 on 07-02-2012 therefore sustaining beyond 5323-5338 should be firstly watched for following conclusions:-

1- Sustaining above 5338 will mean high possibility of correction between sideways market.
2- Sustaining below 5323 will mean short term and deeper correction to test minimum next first support near 5250. As heated overbought market and indicators have also started to show divergences therefore Short Term correction is due and its posibility has turned higher today.