Nifty Spot-Levels & Trading Strategy for 04-12-2012

Nifty Spot-Levels

R3 5939
R2 5919
R1 5894
Avg 5874
S1 5849
S2 5829
S3 5804

Nifty Spot-Trading Strategy

H6 5915     Trgt 2
H5 5904     Trgt 1
H4 5894     Long breakout
H3 5882     Go Short
H2 5878
H1 5874
L1 5865
L2 5861
L3 5857     Long
L4 5845     Short Breakout
L5 5835     Trgt 1
L6 5824     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 04-12-2012

Nifty(Dec Fut)-Levels

R3 5978

R2 5955

R1 5933

Avg 5910

S1 5888

S2 5865

S3 5843

Nifty(Dec Fut)-Trading Strategy

H6  5956    Trgt 2 

H5  5945    Trgt 1

H4  5935    Long breakout 

H3  5923    Go Short 

H2  5919

H1  5915

L1  5906

L2  5902

L3  5898    Long 

L4  5886    Short Breakout 

L5  5876    Trgt 1 

L6  5865    Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 04-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12746

R2 12483

R1 12331

Avg 12068

S1 11916

S2 11653

S3 11501

Bank Nifty(Dec Fut)-Trading Strategy

H6 12607     Trgt 2 

H5 12507     Trgt 1

H4 12407     Long breakout 

H3 12293     Go Short 

H2 12255

H1 12217

L1 12140

L2 12102

L3 12064     Long 

L4 11950     Short Breakout 

L5 11850     Trgt 1 

L6 11750     Trgt 2

Pre-Closing Outlook(03-12-2012)

Detailed analysis has already been updated in 3 previous Outlooks and only following change in 1st signal range:- 

1- For 1st signal: 5856-5882

Mid-session Outlook(03-12-2012)

Quiet sideways market today after previous week blasting rally,firstly profit booking and after that sideways trading between 5861-5882. All trends are up after previous week strong rally but very short term indicators are overbought therefore small correction is due and being seen today.

Follow up confirm buying/selling today and tomorrow will give confirmation to:-

1- Rally continuation without any deep correction or
2- Correction of previous week rally and then sustaining beyond 5815 will also decide the fate of 44 sessions sideways market between 5549-5815.

Sustaining beyond following ranges should be firstly watched:-

1- For 1st signal: 5861-5882
2- For confirmation: 5827-5900

Post-open Outlook(03-12-2012)

Profit booking signals emerging today and sustaining beyond last Friday trading range(5827-5884) should be firstly watched for:-

1- Previous week rally continuation or
2- Short term correction of Previous week rally. 

Technical Analysis,Research & Weekly Outlook(Dec 03 to Dec 07,2012)

Nifty-EOD Chart (30-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 6335.90 on 08-11-2010(Long term correction begun).
2- 4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion).
3- Wave-1 completion(5629.95 on 22-02-2012).
4- Wave-2 completion(4770.35 on 04-06-2012).
5- Wave-3 completion(5815.35 on 05-10-2012).
6- Wave-4 (Bottom formation at 5549).
7- 44 Sessions sideways correction between 5549-5815 with Bullish Flag formation.
8- 44 Sessions sideways trading range break out on 29-11-2012.
9- Wave-5 formation but its confirmation is required yet.

Conclusions from EOD chart analysis 

Although  Wave-5 formation and 44 Sessions sideways trading range(5549-5815) break out on 29-11-2012 but validity confirmation is required yet through:-

1- 3 Days sustaining above 5815.
2- Minimum 3% up moves from the highest((5815) of the previous 44 Sessions trading range.

Nifty-Intra Day Chart (30-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day without force up moves.
2- Whole day actual trading between 5827-5884

Conclusions from intra day chart analysis 

Although Whole day without force up moves but with intraday corrections therefore no hurdle for next up moves and only more consolidation is required for next rally above 5884.

Conclusions (After Putting All Studies Together)

As Bullish Flag formation confirmations therefore following Bullish views were posted on 24-11-2012 in "Bullish Flag formation confirming strong Wave-5 Rally" 

strong and blasting up moves will be seen without much deeper correction. 

Above Bullish market was projected well before the beginning of strong 279 Nifty points rally in previous week.

44 Sessions sideways trading range break out in previous week and its validity confirmation is required yet.Let it happen in the coming couple of sessions then more than 7% rally will be seen in the coming weeks.

FII & DII trading activity in Capital Market Segment on 30-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 30-Nov-2012 8357.27 6745.84 1611.43

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-Nov-2012 1455.74 2254.37 -798.63

Indian Stock Markets Closing Reports(30-Nov-2012)

Main features of today trading are as follows

1- Benchmark Indices cloed in Green.

2- 2nd consecutive closing above 44 sideways sessions range.

3- White Candle formation.

Ratios

Nifty Put Call Ratio: 0.97

Nifty P/E Ratio(30-Nov-2012): 18.33

Advances & Declines

BSE Advances : 1,681

BSE Declines : 1,297 

NSE Advances : 1,131

NSE Declines :   675 

Nifty Open Interest Changed Today

Nifty- 5700 CE(Dec)- -25,500(-1.07%)

Nifty- 5700 PE(Dec)-  646,600(13.59%)

Nifty- 5800 CE(Dec)- -67,500(-1.86%)

Nifty- 5800 PE(Dec)-  1,081,750(27.81%)

Nifty- 5900 CE(Dec)-  457,200(12.43%)

Nifty- 5900 PE(Dec)-  1,214,600(77.87%)

Nifty- 6000 CE(Dec)-  533,800(8.85%)

Nifty- 6000 PE(Dec)-  417,000(29.08%)

Closing 

Sensex- closed at 19,339.90(168.99 Points & 0.88%)

Nifty- closed at 5,879.85(54.85 Points & 0.94%)

CNX Midcap - closed at 8,139.80(99.70 Points & 1.24%)

CNX Smallcap- closed at 3,638.60(33.20 Points & 0.92%)

Nifty Spot-Levels & Trading Strategy for 03-12-2012

Nifty Spot-Levels

R3 5958

R2 5921

R1 5900

Avg 5863

S1 5842

S2 5805

S3 5784

Nifty Spot-Trading Strategy

H6 5937     Trgt 2 

H5 5923     Trgt 1

H4 5910     Long breakout 

H3 5894     Go Short 

H2 5889

H1 5884

L1 5873

L2 5868

L3 5863     Long 

L4 5847     Short Breakout 

L5 5833     Trgt 1 

L6 5820     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 03-12-2012

Nifty(Dec Fut)-Levels

R3 5992

R2 5959

R1 5934

Avg 5901

S1 5876

S2 5843

S3 5818

Nifty(Dec Fut)-Trading Strategy

H6 5967     Trgt 2 

H5 5953     Trgt 1

H4 5940     Long breakout 

H3 5924     Go Short 

H2 5919

H1 5914

L1 5903

L2 5898

L3 5893     Long 

L4 5877     Short Breakout 

L5 5863     Trgt 1 

L6 5850     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 03-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12423

R2 12327

R1 12263

Avg 12167

S1 12103

S2 12007

S3 11943

Bank Nifty(Dec Fut)-Trading Strategy

H6 12361     Trgt 2 

H5 12326     Trgt 1

H4 12288     Long breakout 

H3 12244     Go Short 

H2 12229

H1 12214

L1 12185

L2 12170

L3 12155     Long 

L4 12111     Short Breakout 

L5 12073     Trgt 1 

L6 12038     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Dec 03 to Dec 07,2012)

Nifty Spot-Weekly Levels

R3 6230

R2 6057

R1 5968

Avg 5795

S1 5706

S2 5533

S3 5444

Nifty Spot-Weekly Trading Strategy 

H6 6152     Trgt 2 

H5 6090     Trgt 1

H4 6028     Long breakout 

H3 5953     Go Short 

H2 5928

H1 5903

L1 5854

L2 5829

L3 5804    Long 

L4 5729     Short Breakout 

L5 5667     Trgt 1 

L6 5605     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Dec 03 to Dec 07,2012)

Bank Nifty Spot-Weekly Levels

R3 13182
R2 12678
R1 12418
Avg 11914
S1 11654
S2 11150
S3 10890

Bank Nifty Spot-Weekly Trading Strategy 

H6 12972     Trgt 2
H5 12787     Trgt 1
H4 12602     Long breakout
H3 12380     Go Short
H2 12304
H1 12232
L1 12084
L2 12010
L3 11935     Long
L4 11713     Short Breakout
L5 11898     Trgt 1
L6 11343     Trgt 2

Technical Analysis and Market Outlook(29-11-2012)

Nifty-Intra Day Chart (27-Nov-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- More than 4 hours sideways trading between 5697-5713.
2- Whole day actual trading between 5682-5732.

Conclusions from intra day chart analysis 

Although Up moves on 27-11-2012 but it was clearly and continuously projected in last 5 days and following lines were told-

1- In Pre-open Outlook on 27-11-2012:-"fresh up moves above 5700 will be seen now"

2-In Mid-session Outlook on 26-11-2012:- "Nifty will move above 5650 and short term up moves will be seen in the coming sessions"

3-In Bullish Flag formation confirming strong Wave-5 Rally on 24-11-2012:- firstly up moves will be seen in the beginning of next week and Nifty will counter following next resistances:-

1- 5620-5650(Immediate resistance)
2- 5652-5660(Gap created on 15-11-2012)
3- 5672-5705.
4- 5700-5720/5733/5777/5815(Multiple Resistances)

Nifty traded and closed above 5700 and all above predictions and projections proved true on 
27-11-2012.

As lower levels good intraday consolidations in last 6 sessions therefore only up moves were projected and strong rally was seen also on 27-11-2012 with more than 4 hours sideways trading between 5697-5713 but with mixed intraday patterns despite this range good break out and closing near intraday higher levels.

43 sessions sideways trading with multiple resistances between 5700-5815 therefore complete consolidation is required before any up move within this range. As mixed intraday patterns last Tuesday within this range between 5697-5713 therefore follow up consolidations and sustaining above 5713 is must for decisive up moves within mentioned resistance range.

Expected that rally will remain continued after follow up consolidation but up moves will be slow and after complete consolidations. sustaining above 5713 should be firstly watched because that will be consolidation confirmation between multiple and rather big resistance range.

Detailed technical analysis have already been updated on 24-11-2012 in following topic. Just click following topic link and understand Indian markets:-

"Bullish Flag formation confirming strong Wave-5 Rally"  

FII Trading Data in Derivatives Segment on 27-Nov-2012

FII & DII trading activity in Capital Market Segment on 27-Nov-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 27-Nov-2012 3888.03 2805.29 1082.74

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 27-Nov-2012 1333.02 1541.53 -208.51

Indian Stock Markets Closing Reports(27-Nov-2012)

Main features of today trading are as follows

1- All the Indices closed in Green with good gains.
2- Strong rally after Greece bail out package news.
3- Long White Candle formation.

Ratios

Nifty Put Call Ratio: 1.11
Nifty P/E Ratio(27-Nov-2012): 17.88

Advances & Declines

BSE Advances : 1,720
BSE Declines : 1,165
NSE Advances : 1,131
NSE Declines :   582

Nifty Open Interest Changed Today

Nifty- 5600 CE(Nov)- -2,478,750(-57.19%)
Nifty- 5600 PE(Nov)- -57,300(-0.67%)

Nifty- 5700 CE(Nov)- -3,342,900(-38.52%)
Nifty- 5700 PE(Nov)-  3,182,950(84.78%)

Nifty- 5800 CE(Nov)- 721,800(8.81%)
Nifty- 5800 PE(Nov)- 349,900(40.25%)

Closing 

Sensex- closed at 18,842.08(305.07 Points & 1.65%)
Nifty- closed at 5,727.45(91.55 Points & 1.62%)
CNX Midcap - closed at 7,947.70(94.20 Points & 1.20%)
CNX Smallcap- closed at 3,567.25(31.25 Points & 0.88%)

Nifty Spot-Levels & Trading Strategy for 29-11-2012

Nifty Spot-Levels

R3 5829

R2 5781

R1 5754

Avg 5706

S1 5679

S2 5631

S3 5604

Nifty Spot-Trading Strategy

H6 5802     Trgt 2 

H5 5785     Trgt 1

H4 5768     Long breakout 

H3 5747     Go Short 

H2 5740

H1 5733

L1 5720

L2 5713

L3 5706     Long 

L4 5685     Short Breakout 

L5 5668     Trgt 1 

L6 5651     Trgt 2

Nifty(Nov Fut)-Levels & Trading Strategy for 29-11-2012

Nifty(Nov Fut)-Levels

R3 5843

R2 5790

R1 5761

Avg 5708

S1 5679

S2 5626

S3 5597

Nifty(Nov Fut)-Trading Strategy

H6 5815     Trgt 2 

H5 5796     Trgt 1

H4 5777     Long breakout 

H3 5754     Go Short 

H2 5747

H1 5739

L1 5724

L2 5716

L3 5709     Long 

L4 5686     Short Breakout 

L5 5667     Trgt 1 

L6 5648     Trgt 2

Bank Nifty(Nov Fut)-Levels & Trading Strategy for 29-11-2012

Bank Nifty(Nov Fut)-Levels

R3 11936
R2 11811
R1 11743
Avg 11618
S1 11550
S2 11425
S3 11357

Bank Nifty(Nov Fut)-Trading Strategy

H6 11872     Trgt 2
H5 11827     Trgt 1
H4 11782     Long breakout
H3 11729     Go Short
H2 11711
H1 11693
L1 11658
L2 11640
L3 11622     Long
L4 11569     Short Breakout
L5 11524     Trgt 1
L6 11479     Trgt 2