Fibonacci Retracement Levels(6338-4532)

Nifty-EOD Chart(17-Feb-2012):-

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Fibonacci Retracement Levels(6338-4532)

13.0%-4766
23.6%-4958
27.0%-5019
38.2%-5221
50.0%-5435(Already retraced)
61.8%-5648
70.7%-5808
76.4%-5911
78.6%-5951
88.6%-6132

Conclusions from EOD chart analysis 

Long term correction begun on  05-11-2010 from 6338  and after more than 13 months correction Strong decisive more than 1000 Nifty points rally begun on 20-12-2011 from  4532. Fibonacci Retracement Levels are given above and 50% retracement has been completed. Next most crucial level is 61.8% which is falling within next resistance range(5600-5700) therefore sustaining beyond should be firstly watched in the coming week for next moves confirmations.

3 Crucial Resistances & 4 Crucial Supports

Nifty-EOD Chart(17-Feb-2012):-

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Technical Patterns and Formations in EOD charts

1- Long Term correction begun in falling trend line on 05-11-2010 from 6338
2- Rally begun in rising trend line on 20-12-2011 from 4532.

3 Crucial Resistances

1- 5600-5700
2- 5800-5900
3- 6100-6200

4 Crucial Supports

1- 5323-5427
2- 5120-5190
3- 4995-5068
4- 4810-4900

Conclusions from EOD chart analysis 

Strong rally is on after forceful cross over of corrective falling Trendline. As Nifty retraced after testing of next resistance range(5600-5700) on 17-02-2012 therefore more consolidation is required to cross it and sustain above 5700.

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

FII & DII trading activity in Capital Market Segment on 17-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 17-Feb-2012 4126.95 3590.46 536.49

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 17-Feb-2012 2419.64 2642.71 -223.07

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

Main features of today trading are as follows

1- Benchmark Indices closed in Green while other Indices remained mixed.
2- Doji Candle formation.
3- Most of the Indices slipped from intraday higher levels.

Ratios

Nifty Put Call Ratio:1.25
Nifty P/E Ratio(17-Feb-2012):19.49

Advances & Declines

BSE Advances : 1399
BSE Declines : 1597
NSE Advances : 679

NSE Declines : 791

Nifty Open Interest Changed Today

Nifty- 5400 CE(Feb)- -521050(-15.60%)
Nifty- 5400 PE(Feb)- -646200(-8.99%)

Nifty- 5500 CE(Feb)- -548900(-11.05%)
Nifty- 5500 PE(Feb)- +598850(+10.50%)

Nifty- 5600 CE(Feb)- -220250(-3.55%)
Nifty- 5600 PE(Feb)- +2765350(+132.97%)


Closing 

Nifty- closed at 5,564.30(+42.35 Points & +0.77%)
Sensex- closed at 18,289.35(+135.36 Points & +0.75% )
CNX Midcap - closed at 7,925.15(+49.75 Points & +0.63%)
BSE Smallcap- closed at 7,116.49(-15.16 Points & -0.21%)

Nifty Spot-Levels & Trading Strategy for 21-02-2012

Nifty Spot-Levels

R3 5659
R2 5632
R1 5598
Avg 5571
S1 5537
S2 5510
S3 5476

Nifty Spot-Trading Strategy

H6 5625     Trgt 2
H5 5611     Trgt 1
H4 5597     Long breakout
H3 5580     Go Short
H2 5575
H1 5569
L1 5558
L2 5552
L3 5547     Long
L4 5530     Short Breakout
L5 5516     Trgt 1
L6 5502     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 21-02-2012

Nifty(Feb Fut)-Levels

R3 5806
R2 5753
R1 5671
Avg 5618
S1 5536
S2 5483
S3 5401

Nifty(Feb Fut)-Trading Strategy

H6 5724     Trgt 2
H5 5693     Trgt 1
H4 5663     Long breakout
H3 5626     Go Short
H2 5613
H1 5601
L1 5576
L2 5564
L3 5551     Long
L4 5514     Short Breakout
L5 5484     Trgt 1
L6 5453     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 21-02-2012

Bank Nifty(Feb Fut)-Levels

R3 11421
R2 11321
R1 11221
Avg 11121
S1 11021
S2 10921
S3 10821

Bank Nifty(Feb Fut)-Trading Strategy

H6 11323     Trgt 2
H5 11277     Trgt 1
H4 11232     Long breakout
H3 11177     Go Short
H2 11158
H1 11140
L1 11103
L2 11085
L3 11067     Long
L4 11012     Short Breakout
L5 10966     Trgt 1
L6 10920     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Feb 21 to Feb 24,2012)

Nifty Spot-Weekly Levels

R3 5934
R2 5770
R1 5679
Avg 5515
S1 5424
S2 5260
S3 5169

Nifty Spot-Weekly Trading Strategy 

H6 5829     Trgt 2
H5 5766     Trgt 1
H4 5704     Long breakout
H3 5634     Go Short
H2 5610
H1 5587
L1 5540
L2 5517
L3 5493     Long
L4 5423     Short Breakout
L5 5361     Trgt 1
L6 5298     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Feb 21 to Feb 24,2012)

Bank Nifty Spot-Weekly Levels

R3 12273
R2 11738
R1 11406
Avg 10871
S1 10539
S2 10004
S3 9672

Bank Nifty Spot-Weekly Trading Strategy 

H6 12002     Trgt 2
H5 11776     Trgt 1
H4 11550     Long breakout
H3 11312     Go Short
H2 11232
H1 11153
L1 10994
L2 10915
L3 10835     Long
L4 10597     Short Breakout
L5 10371     Trgt 1
L6 10145     Trgt 2

NIFTY-Feb F&O-1st Selling of 17-02-2012-Trade

NIFTY(Feb Fut-Sell-Positional)SL-5616-TGT-5546-CMP-5599


NIFTY(Feb Put Option-Buy-Positional)SL-5616-TGT-5546-S.P.FOR Put-5500,5600(Feb Fut-Rates for all Options)-CMP-5599

Pre-Closing Outlook(17-02-2012)

Nifty traded more than 4 hours between 5578-5604 with intraday selling patterns therefore very short term correction is firstly expected in the beginning of next week.

Mid-session Outlook(17-02-2012)

Nifty moved above 5600 today and proved 100% accurate our following  predictions

Following line was told at 09:27 AM on 15-02-2012:-

Rally is very much on to test resistances between 5600-5700.

Following line was told in Pre-Closing Outlook(15-02-2012):-

Rally is very much on and testing of next resistances within 5600-5700 will be seen in the coming sessions.

Following line was told in Bulls are roaring like Lions on 15-02-2012:-

Rally is continued and expected that next resistances between 5600-5700 will be tested in the coming sessions.

That Bull Rally is very much on about which we are continuously telling since 22-12-2011. 

Nifty is trading between 5578-5604 for the last 4 hours today with mixed intraday patterns. Moves above 5604 may be slow because good resistances between 5600-5700 and slipping below 5578 will mean intraday/very short term correction only.

Breathless Bullish Tunes in Indian markets

Pre-open Outlook(17-02-2012)

Blasting Global Bull is on and all the counties are fully participating. Although correction is technically due and intraday selling and distribution pattern was also seen yesterday but Running Bull markets are on and its following characters have already been updated many times in last 2 months:-

1- Market firstly require intraday selling patterns and then follow up selling as well as complete distribution patterns minimum on Daily charts then Short term correction will be seen.
2- One day intraday selling and intraday distribution patterns may result only intraday correction or very short term minor correction if follow up selling develops in the coming sessions.
3- Running Bullish markets complete its corrections in sideways moves and correction is completed at higher levels consolidation also.

All the Global markets are blasting today therefore sentiment is upbeat and rally continuation will be seen after gap up opening. Although intraday selling and intraday distribution patterns were seen yesterday but rally continuation possibility after higher levels consolidation can not be ruled out.

Rally is on and its continuation will be expected today also and until above mentioned very short term/Short term correction formalities will not be fulfilled. Next resistances are within 5600-5700 and its testing possibility is being told for the 3/4 days,fresh consolidation or follow up selling within or near about this range will pave the ways of next big moves today and in the coming week.

Extremely heated sentiment today and profit booking develops also in such sentiments therefore this possibility should be kept in mind as well as fresh long positions should be created after sufficient intraday correction.

Correction is technically due

Nifty-Micro Analysis of Intra Day Chart For 17-02-2012

Nifty-Intra Day Chart(16-Feb-2012):-

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Technical Patterns and Formations in today intraday charts

1- Support between 5484-5495
2- Selling between 5512-5521
3- Selling between 5512-5529
4- Bearish Rising Wedge formation in last hour.
5- Whole day trading between 5484-5531

Conclusions from intra day chart analysis 

All trends are up but overbought indicators are showing negative divergence also therefore correction is due in Indian markets. Market firstly require intraday selling patterns and then follow up selling as well as distribution patterns minimum on Daily charts then Short term correction will be seen. As intraday charts of today are showing selling patterns therefore only very short term minor correction will be considered if follow up selling develops tomorrow. Running Bullish markets complete correction in sideways moves and complete correction at higher levels also therefore today intraday selling and Bearish Rising Wedge pattern are not sufficient and follow up selling is must tomorrow for decisive down moves.

Global cues led moves seen in two previous sessions therefore today opening will depend on sentiment formation due to Global cues but finally sustaining beyond today trading range will give confirmation regarding:-

1- Sustaining above 5531 will mean On going rally continuation  
2- Sustaining below 5484 will mean firstly very short term correction and rally continuation after its completion. 

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

FII & DII trading activity in Capital Market Segment on 16-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 16-Feb-2012 3251.56 3067.25 184.31

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 16-Feb-2012 1383.42 1773.74 -390.32

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

Main features of today trading are as follows

1- Harami Doji Candle formation.
2- Mid Cap and Small Cap Indices closed with moderate gains while Benchmark Indices closed in Red.
3- Whole day range bound market.

Ratios

Nifty Put Call Ratio: 1.38
Nifty P/E Ratio(16-Feb-2012):19.34

Advances & Declines

BSE Advances : 1636
BSE Declines : 1302
NSE Advances : 831
NSE Declines : 629

Nifty Open Interest Changed Today

Nifty- 5400 CE(Feb)- -242400(-6.64%)
Nifty- 5400 PE(Feb)- +910400(+14.09%)

Nifty- 5500 CE(Feb)- +493050(+10.28%)
Nifty- 5500 PE(Feb)- +546150(+10.34%)

Nifty- 5600 CE(Feb)- +750100(+13.18%)
Nifty- 5600 PE(Feb)- +910400(+14.09%)

Closing

Nifty- closed at 5,521.95(-10 Points & -0.18%)
Sensex- closed at 18,153.99(-48.42 Points & -0.27%)
CNX Midcap - closed at 7,875.40(+75.35 Points & +0.97%)
BSE Smallcap- closed at 7,131.65(+67 Points & +0.96%)

Nifty Spot-Levels & Trading Strategy for 17-02-2012

Nifty Spot-Levels

R3 5588
R2 5559
R1 5540
Avg 5511
S1 5492
S2 5463
S3 5444

Nifty Spot-Trading Strategy

H6 5569     Trgt 2
H5 5558     Trgt 1
H4 5547     Long breakout
H3 5534     Go Short
H2 5529
H1 5525
L1 5516
L2 5512
L3 5507     Long
L4 5494     Short Breakout
L5 5483     Trgt 1
L6 5472     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 17-02-2012

Nifty(Feb Fut)-Levels

R3 5600
R2 5573
R1 5555
Avg 5528
S1 5510
S2 5483
S3 5465

Nifty(Feb Fut)-Trading Strategy

H6 5582     Trgt 2
H5 5572     Trgt 1
H4 5561     Long breakout
H3 5549     Go Short
H2 5545
H1 5541
L1 5532
L2 5528
L3 5524     Long
L4 5512     Short Breakout
L5 5501     Trgt 1
L6 5491     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 17-02-2012

Bank Nifty(Feb Fut)-Levels

R3 11178
R2 11073
R1 11010
Avg 10905
S1 10842
S2 10737
S3 10674

Bank Nifty(Feb Fut)-Trading Strategy

H6 11118     Trgt 2
H5 11079     Trgt 1
H4 11040     Long breakout
H3 10994     Go Short
H2 10978
H1 10963
L1 10932
L2 10917
L3 10901     Long
L4 10855     Short Breakout
L5 10816     Trgt 1
L6 10777     Trgt 2