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Indian Stock Markets Closing Reports(10-Feb-2012)
Main features of today trading are as follows
1- Black Doji Candle.
2- Benchmark Indices closed in Red.
3- All the Indices closed with flat to minor losses except Metals which closed with minor gains.
4- Most of the Indices slipped from higher levels.
Ratios
Nifty Put Call Ratio:1.15
Nifty P/E Ratio(10-Feb-2012):19.00
Advances & Declines
BSE Advances : 1434
BSE Declines : 1515
NSE Advances : 645
NSE Declines : 804
Nifty Open Interest Changed Today
Nifty- 5200 CE(Feb)- -256750(-9.19%)
Nifty- 5200 PE(Feb)- +258650(+3.83%)
Nifty- 5300 CE(Feb)- -218600(-5.70%)
Nifty- 5300 PE(Feb)- +285800(+4.26%)
Nifty- 5400 CE(Feb)- +480200(+8.99%)
Nifty- 5400 PE(Feb)- +722350(+17.11%)
Closing
Nifty- closed at 5,381.60(-30.75 Points & -0.57%)
Sensex- closed at 17,748.69(-82.06 Points & -0.46%)
CNX Midcap - closed at 7,537.25(+3.65 Points & +0.05%)
BSE Smallcap- closed at 6,890.85(-1.64 Points & -0.02%)
Nifty Spot-Levels & Trading Strategy for 13-02-2012
Nifty Spot-Levels
R3 5511
R2 5469
R1 5425
Avg 5383
S1 5339
S2 5297
S3 5253
Nifty Spot-Trading Strategy
H6 5467 Trgt 2
H5 5447 Trgt 1
H4 5428 Long breakout
H3 5404 Go Short
H2 5396
H1 5388
L1 5373
L2 5365
L3 5357 Long
L4 5333 Short Breakout
L5 5314 Trgt 1
L6 5294 Trgt 2
R3 5511
R2 5469
R1 5425
Avg 5383
S1 5339
S2 5297
S3 5253
Nifty Spot-Trading Strategy
H6 5467 Trgt 2
H5 5447 Trgt 1
H4 5428 Long breakout
H3 5404 Go Short
H2 5396
H1 5388
L1 5373
L2 5365
L3 5357 Long
L4 5333 Short Breakout
L5 5314 Trgt 1
L6 5294 Trgt 2
Nifty(Feb Fut)-Levels & Trading Strategy for 13-02-2012
Nifty(Feb Fut)-Levels
R3 5536
R2 5489
R1 5443
Avg 5396
S1 5350
S2 5303
S3 5257
Nifty(Feb Fut)-Trading Strategy
H6 5490 Trgt 2
H5 5469 Trgt 1
H4 5448 Long breakout
H3 5422 Go Short
H2 5414
H1 5405
L1 5388
L2 5379
L3 5371 Long
L4 5345 Short Breakout
L5 5324 Trgt 1
L6 5303 Trgt 2
R3 5536
R2 5489
R1 5443
Avg 5396
S1 5350
S2 5303
S3 5257
Nifty(Feb Fut)-Trading Strategy
H6 5490 Trgt 2
H5 5469 Trgt 1
H4 5448 Long breakout
H3 5422 Go Short
H2 5414
H1 5405
L1 5388
L2 5379
L3 5371 Long
L4 5345 Short Breakout
L5 5324 Trgt 1
L6 5303 Trgt 2
Bank Nifty(Feb Fut)-Levels & Trading Strategy for 13-02-2012
Bank Nifty(Feb Fut)-Levels
R3 10832
R2 10711
R1 10588
Avg 10467
S1 10344
S2 10223
S3 10100
Bank Nifty(Feb Fut)-Trading Strategy
H6 10711 Trgt 2
H5 10655 Trgt 1
H4 10599 Long breakout
H3 10532 Go Short
H2 10509
H1 10487
L1 10442
L2 10420
L3 10397 Long
L4 10330 Short Breakout
L5 10274 Trgt 1
L6 10218 Trgt 2
R3 10832
R2 10711
R1 10588
Avg 10467
S1 10344
S2 10223
S3 10100
Bank Nifty(Feb Fut)-Trading Strategy
H6 10711 Trgt 2
H5 10655 Trgt 1
H4 10599 Long breakout
H3 10532 Go Short
H2 10509
H1 10487
L1 10442
L2 10420
L3 10397 Long
L4 10330 Short Breakout
L5 10274 Trgt 1
L6 10218 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Feb 13 to Feb 17 2012)
Nifty Spot-Weekly Levels
R3 5535
R2 5481
R1 5431
Avg 5377
S1 5327
S2 5273
S3 5223
Nifty Spot-Weekly Trading Strategy
H6 5486 Trgt 2
H5 5462 Trgt 1
H4 5438 Long breakout
H3 5409 Go Short
H2 5400
H1 5390
L1 5371
L2 5361
L3 5352 Long
L4 5323 Short Breakout
L5 5299 Trgt 1
L6 5275 Trgt 2
R3 5535
R2 5481
R1 5431
Avg 5377
S1 5327
S2 5273
S3 5223
Nifty Spot-Weekly Trading Strategy
H6 5486 Trgt 2
H5 5462 Trgt 1
H4 5438 Long breakout
H3 5409 Go Short
H2 5400
H1 5390
L1 5371
L2 5361
L3 5352 Long
L4 5323 Short Breakout
L5 5299 Trgt 1
L6 5275 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Feb 13 to Feb 17 2012)
Bank Nifty Spot-Weekly Levels
R3 10975
R2 10765
R1 10603
Avg 10393
S1 10231
S2 10021
S3 9859
Bank Nifty Spot-Weekly Trading Strategy
H6 10823 Trgt 2
H5 10735 Trgt 1
H4 10646 Long breakout
H3 10544 Go Short
H2 10510
H1 10476
L1 10407
L2 10373
L3 10339 Long
L4 10237 Short Breakout
L5 10148 Trgt 1
L6 10060 Trgt 2
R3 10975
R2 10765
R1 10603
Avg 10393
S1 10231
S2 10021
S3 9859
Bank Nifty Spot-Weekly Trading Strategy
H6 10823 Trgt 2
H5 10735 Trgt 1
H4 10646 Long breakout
H3 10544 Go Short
H2 10510
H1 10476
L1 10407
L2 10373
L3 10339 Long
L4 10237 Short Breakout
L5 10148 Trgt 1
L6 10060 Trgt 2
Pre-Closing Outlook(10-02-2012)
Following topic name was posted in the Weekly Outlook of this week:-
Blasting Rally is on After all trends turning Up
Positive weekly closing has proved the accuracy of our weekly projection.
Whole week sideways market between 5323-5427 with both lower levels buying and higher levels selling therefore Nifty will firstly trade within this range in the beginning of next week. Technically confirmation of all trends turning up as well as continuation of Bull rally but correction is main demand also. Following 2 demands in the beginning of next week;-
1- If Nifty finally sustains above 5427 in next week then that will be confirmation of Bullish rally after correction completion within range bound market of this week.
2- Sustaining below 5323 will mean rally after deeper correction.
Blasting Rally is on After all trends turning Up
Positive weekly closing has proved the accuracy of our weekly projection.
Whole week sideways market between 5323-5427 with both lower levels buying and higher levels selling therefore Nifty will firstly trade within this range in the beginning of next week. Technically confirmation of all trends turning up as well as continuation of Bull rally but correction is main demand also. Following 2 demands in the beginning of next week;-
1- If Nifty finally sustains above 5427 in next week then that will be confirmation of Bullish rally after correction completion within range bound market of this week.
2- Sustaining below 5323 will mean rally after deeper correction.
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
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):-
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| Just click on chart for its enlarged view |
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| 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%)
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
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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
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
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
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):-
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-Intra Day Chart(Feb 06 to Feb 08,2012):-
1- Selling between 5365-5395
2- Support between 5322-5355
3- Three days trading between 5322-5395
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.
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| Just click on chart for its enlarged view |
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):-
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| 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.
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