Nifty Spot-Levels & Trading Strategy for 23-02-2012

Nifty Spot-Levels

R3 5730
R2 5679
R1 5592
Avg 5541
S1 5454
S2 5403
S3 5316

Nifty Spot-Trading Strategy

H6 5643     Trgt 2
H5 5612     Trgt 1
H4 5580     Long breakout
H3 5542     Go Short
H2 5530
H1 5517
L1 5492
L2 5479
L3 5467     Long
L4 5429     Short Breakout
L5 5397     Trgt 1
L6 5366     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 23-02-2012

Nifty(Feb Fut)-Levels

R3 5729
R2 5680
R1 5599
Avg 5550
S1 5469
S2 5420
S3 5339

Nifty(Feb Fut)-Trading Strategy

H6 5648     Trgt 2
H5 5618     Trgt 1
H4 5589     Long breakout
H3 5553     Go Short
H2 5541
H1 5529
L1 5506
L2 5494
L3 5482     Long
L4 5446     Short Breakout
L5 5417     Trgt 1
L6 5387     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 23-02-2012

Bank Nifty(Feb Fut)-Levels

R3 11621
R2 11435
R1 11103
Avg 10917
S1 10585
S2 10399
S3 10067

Bank Nifty(Feb Fut)-Trading Strategy

H6 11291     Trgt 2
H5 11174     Trgt 1
H4 11056     Long breakout
H3 10914     Go Short
H2 10866
H1 10819
L1 10724
L2 10677
L3 10629     Long
L4 10487     Short Breakout
L5 10369     Trgt 1
L6 10252     Trgt 2

Pre-Closing Outlook(22-02-2012)

Live proofs of 100% Accurate Projections in this Blog

Down moves seen today but its possibility was being continuously told in following words:-

Following topic was posted on 20-02-2012

Slipping below 5500 expected


Following topic was posted 07:10:00 PM yesterday:-

Very short term correction possibility turning Higher

Weekly Outlook heading of this week was:-

Firstly Correction & then Crossing of next Resistances(5600-5700)


As soon as selling developed then it was updated in following words in Post-open Outlook at 10:27:00AM tpday;-

Intraday selling seen at higher levels between 5611-5625 today.

Following lines were told more than 5 times in last 6 days:-

more than 4 hours selling between 5588-5605 on 17-02-2012

Correction has begun and next support is at 5475,sustaining below will mean more fall.

Mid-session Outlook(22-02-2012)

3 Days sideways trading between 5546-5626 with lower levels supports and higher levels selling also. As more than 4 hours selling between 5588-5605 on 17-02-2012 therefore until Nifty will not completely consolidate between 5546-5626 till then will not sustain above 5605/5626 and follow up selling will mean deeper correction below 5546.

Today first 2 hours trading between 5574-5626 with higher levels selling 5611-5625. Although minor intraday support also seen at 5574 but more consolidation is required to cross 5626.As running Bull market is on and such markets consolidates at higher levels without much deeper corrections therefore up moves after very short terms corrections within this range(5546-5626) possibility can not be ruled out also despite overbought indicators.Indian markets are open for any side big moves at this moment and sustaining below 5546 will mean deeper correction also therefore cautious appraoach is required..

Indian markets are preparing for next moves between 5546-5626 and sustaining beyond this range will be next decisive moves confirmations therefore should be firstly watched. 

Post-open Outlook(22-02-2012)

Intraday selling seen at higher levels between 5611-5625 today.

FII Trading Data in Derivatives Segment on 21-Feb-2012

Very short term correction possibility turning Higher

Nifty-Micro Analysis of Intra Day Chart For 22-02-2012

Nifty-Intra Day Chart(21-Feb-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Intraday patterns are showing consolidations formations today.
2- Whole day without force upmoves.
3- Both rising channels broken down.
3- Whole day trading between 5582-5620

Conclusions from intra day chart analysis 

Although intraday patterns are showing consolidations formations but without force upmoves and on the back of positive news of Greece bailout Package approval therefore selling possibility can not be ruled out today.

More than 4 Hours selling between 5588-5605 on 17-02-2012 and most of time trading between this range with selling signals today also therefore very short term correction possibility is still alive despite more than .75% positive closing today.

Although slipping below 5582 as well as more down moves possibility can not be ruled out but sustaining beyond 5582-5620 will be firstly watched tomorrow for next moves confirmations.

FII & DII trading activity in Capital Market Segment on 21-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 21-Feb-2012 4091.84 2691.67 1400.17

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 21-Feb-2012 1233.78 2477.93 -1244.15

Indian Stock Markets Closing Reports(21-Feb-2012)

Main features of today trading are as follows

1- Positive news of Greek bailout Package approval led whole day up moves.
2- All the Indices closed in Green except IT.
3- White Candle.

Ratios

Nifty Put Call Ratio:1.30
Nifty P/E Ratio(21-Feb-2012): 19.64

Advances & Declines

BSE Advances : 1676
BSE Declines : 1307
NSE Advances : 882
NSE Declines : 592

Nifty Open Interest Changed Today

Nifty- 5500 CE(Feb)- -839900(-19.29%)
Nifty- 5500 PE(Feb)- +272500(+4.35%)

Nifty- 5600 CE(Feb)- -45550(-0.79%)
Nifty- 5600 PE(Feb)- +1201050(+25%)

Nifty- 5700 CE(Feb)- +721950(+17.08%)
Nifty- 5700 PE(Feb)- +316850(+57.14%)

Closing

Nifty- closed at 5,607.15(+42.85 Points & +0.77%)
Sensex- closed at 18,428.61(+139.26 Points & +0.76% )
CNX Midcap - closed at 7,980.85(+55.70 Points & +0.70%)
BSE Smallcap- closed at 7,202.12(+85.63 Points & +1.20%)

Nifty Spot-Levels & Trading Strategy for 22-02-2012

Nifty Spot-Levels

R3 5691
R2 5656
R1 5631
Avg 5596
S1 5571
S2 5536
S3 5511

Nifty Spot-Trading Strategy

H6 5667     Trgt 2
H5 5653     Trgt 1
H4 5640     Long breakout
H3 5623     Go Short
H2 5618
H1 5612
L1 5601
L2 5596
L3 5590     Long
L4 5574     Short Breakout
L5 5560     Trgt 1
L6 5546     Trgt 2

Nifty(Feb Fut)-Levels & Trading Strategy for 22-02-2012

Nifty(Feb Fut)-Levels

R3 5712
R2 5673
R1 5647
Avg 5608
S1 5582
S2 5543
S3 5517

Nifty(Feb Fut)-Trading Strategy

H6 5687     Trgt 2
H5 5672     Trgt 1
H4 5657     Long breakout
H3 5639     Go Short
H2 5633
H1 5627
L1 5616
L2 5610
L3 5604     Long
L4 5586     Short Breakout
L5 5571     Trgt 1
L6 5556     Trgt 2

Bank Nifty(Feb Fut)-Levels & Trading Strategy for 22-02-2012

Bank Nifty(Feb Fut)-Levels

R3 11445
R2 11344
R1 11273
Avg 11172
S1 11101
S2 11000
S3 10929

Bank Nifty(Feb Fut)-Trading Strategy

H6 11376     Trgt 2
H5 11336     Trgt 1
H4 11296     Long breakout
H3 11249     Go Short
H2 11233
H1 11217
L1 11186
L2 11170
L3 11154     Long
L4 11107     Short Breakout
L5 11067     Trgt 1
L6 11027     Trgt 2

Pre-Closing Outlook(21-02-2012)

Nifty traded between 5546-5605 with intraday selling between 5588-5605 last Friday and Nifty traded most time within this range after positive news of Greek bailout Package approval by Euro zone finance ministers.

Whole day intraday patterns are showing consolidation but upmoves are lacking force and on the back of above mentioned positive news also therefore next upmoves are requiring confirmations through sustaining above last Friday selling range(5588-5605)

Next immediate up moves confirmation will be sustaining above 5605 therefore will be firstly watched tomorrow for next rally confirmations.

Eurozone approves second Greek bailout Package

Euro zone finance ministers sealed a second bailout for debt-laden Greece that will resolve its immediate financing needs but seems unlikely to revive the nation's shattered economy.

After a marathon 13 hours of talks, euro zone officials said ministers had nailed measures to cut Greece's debt to around 121 percent of gross domestic product by 2020, close to their original target of 120, after negotiators for private bondholders offered to accept a bigger loss to help plug the funding gap.

"The financial volume (of the Greek package) is 130 billion euros and debt-to-GDP (will be) 121 percent. Now it's down to work on the statement," one official involved in the negotiations told Reuters. Another confirmed the two figures.

The euro jumped almost half a cent, reversing earlier losses, after Reuters reported a deal had been struck.

Indian markets positive zone trading today morning on the back of above positive news. Next moves confirmation range has already been updated in Post-open Outlook(21-02-2012)

Post-open Outlook(21-02-2012)

As positive news is expected from Europe on Greece therefore volatility in Dow's futures and Asian markets and Indian markets are positive since opening today. Good selling seen between 5588-5605 last Friday therefore very short term correction and down moves are expected in Indian markets and until Nifty will not sustain above 5605 till then next rally will not be considered.

As good news is expected today therefore sustaining beyond 5546-5605 will be firstly watched because Nifty traded with higher levels selling and lower levels mixed patterns within this range last Friday and  this range break out will be next moves confirmation.

NIFTY-Feb F&O-1st Shorting of 17-02-2012-Covering

NIFTY Feb F & O(Shorted on 17-02-2012)-Cover immediately-CMP-5605(Lalit39)

Pre-open Outlook(21-02-2012)

US markets were closed yesterday but Dow's futures was more than 60 points up whole day yesterday therefore all European markets and some Asian markets closed with good gains yesterday. Greece package news led  high volatility in Dow's futures and in all the Asian markets today morning and Asian markets recovered from intraday lower levels in lines with up moves in Dow's futures

Global cues led intraday volatility may be seen in Indian markets also but good selling seen between 5588-5605 last Friday therefore very short term correction and down moves are expected in Indian markets and until Nifty will not sustain above 5605 till then next rally will not be considered.

Firstly Correction & then Crossing of next Resistances(5600-5700)

Technical Analysis,Research & Weekly Outlook  (Feb 21 to Feb 24,2012)

Technical Analysis and Research of EOD and Intra Day Charts,Technical Positions,next possibilities have already been explained in following topics with 4 Charts therefore not being repeated. Just click following topic links and go through detailed analysis for trading in next week:-

1- Slipping below 5500 expected
2- 4 Strong Base Formations & Supports before 2012 Rally
3- Fibonacci Retracement Levels(6338-4532)
4- 3 Crucial Resistances & 4 Crucial Supports

Conclusions (After Putting All Studies Together)

All trends are up after 20-12-2011 strong rally and Nifty tested next resistance range(5600-5700) on 17-02-2012. Nifty has surged 1075 in very short period therefore all the daily indicators are overbought and some are showing negative divergence also therefore minimum Very Short Term correction is technically due now.

Running Bullish rally is on and its characters are as follows:-

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.

Indian markets slipped from intraday higher levels on 17-12-2011 after higher levels intraday good selling and follow up selling on next trading day will mean eruption of above mentioned 3 types of correction in the next week.

As Indian markets have to cross next resistances between 5600-5700 and sentiment is boiling therefore minimum very short term correction is expected in the beginning of next week for cooling down of sentiment as well as in the process of preparation for crossing of next resistance. As last two sessions intraday selling patterns therefore very short term correction is very much possible in the beginning of next week.

Finally rally is expected after completion of possible very short term correction in next week.

Slipping below 5500 expected

Nifty-Intra Day Chart(17-Feb-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- 4 Hours 45 Minutes selling between 5588-5605
2- Last more than 1 hour mixed intraday patterns between 5546-5573
3- Whole day trading between 5546-5605

Conclusions from intra day chart analysis 

Good selling at higher levels on 17-02-2012 on the back of strong global cues and except this higher levels intrady selling was seen on 16-02-2012 also therefore down moves possibilities in the coming sessions have turned higher and expected that Nifty will slip below 5500 in the coming sessions.

4 Strong Base Formations & Supports before 2012 Rally

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

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- More than 13 months corrective wave and reversal in 13th Fibonacci number month.
2- Strong base formation in 122 Sessions side ways market between 4720-5229
3- Trend Reversal Broadening Pattern at the bottom of 13 months correction .
4- Bullish 'W' formation in 122 sessions sideways market

Conclusions from EOD chart analysis 

As above mentioned 4 base formation therefore 1075 Nifty points forceful strong rally was seen after 20-12-2011. All trends are up Now and continuation of rally is expected. 1st impulsive Wave of rally is on and that whole Bullish story will be written in 2012 about which we told in following topic on 02-12 2011:-

New Historical Highs in 2012

We told exactly following lines in above topic. Just click above topic Link and verify on yours own:-

1- Fast rally toward all time high
2- New all time highs in 2012
3- Those higher levels which were considered in Jan 2008 and Jan 2011.  

Although tough to accept above mentioned possibilities at this moment amid most bearish and uncertain global sentiments but we are seeing high possibility of new historical highs in 2012 because Indian markets are reversing after completion of long term correction also.