Short Term Correction on Cards

Nifty-Intra Day Chart (05-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5908-5917
2- Whole day actual trading between 5892-5917

Conclusions from intra day chart analysis

Following line was told today at 10:37 AM in Post-open Outlook-2:-

Expected that Nifty will firstly hover around 5900

Nifty closed at 5,900.50 today.

Although Gap up opening today after completely Bullish  sentiment due to strong Global cues but condition of sustaining above 5900 was told in all the Outlooks today. As we suspected same happened,Indian markets could not sustain above 5900 and slipped after intraday selling at higher levels.

Expected that Nifty will slip below today lowest(5892) and minimum very short Term correction will be seen tomorrow despite Congress victory on FDI issue in Parliament today. 

FII & DII trading activity in Capital Market Segment on 05-Dec-2012

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 05-Dec-2012 2819.35 1940.78 878.57

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 05-Dec-2012 1158.06 1797.84 -639.78

Indian Stock Markets Closing Reports(05-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green.

2- Most Indices closed in Green with nominal gains. 

3- CNX CONSUMPTION,CNX INFRA and CNX SERVICE closed in Red with nominal gains but CNX IT closed -1.35% down.

4- Doji Candle formation.

Ratios

Nifty Put Call Ratio: 0.77

Nifty P/E Ratio(05-Dec-2012): 18.40

Advances & Declines

BSE Advances : 1,679

BSE Declines : 1,248 

NSE Advances : 1,095

NSE Declines :   704

Nifty Open Interest Changed Today

Nifty- 5700 CE(Dec)- -65,600(-2.99%)

Nifty- 5700 PE(Dec)-  326,100(5.56%)

Nifty- 5800 CE(Dec)- -46,150(-1.37%)

Nifty- 5800 PE(Dec)-  347,250(6.02%)

Nifty- 5900 CE(Dec)-  388,700(8.58%)

Nifty- 5900 PE(Dec)-  534,500(15.18%)

Nifty- 6000 CE(Dec)-  344,450(4.19%)

Nifty- 6000 PE(Dec)-  497,950(25.47%)

Closing 

Sensex- closed at 19,391.86(43.74 Points & 0.23%) 

Nifty- closed at 5,900.50(11.25 Points & 0.19%)

CNX Midcap - closed at 8,305.15(14.20 Points & 0.17%)

CNX Smallcap- closed at 3,690.05(11.30 Points & 0.31%)

Nifty Spot-Levels & Trading Strategy for 06-12-2012

Nifty Spot-Levels

R3 5940

R2 5928

R1 5914

Avg 5902

S1 5888

S2 5876

S3 5862

Nifty Spot-Trading Strategy

H6 5926     Trgt 2 

H5 5920     Trgt 1

H4 5914     Long breakout 

H3 5907     Go Short 

H2 5904

H1 5902

L1 5897

L2 5895

L3 5892     Long 

L4 5885     Short Breakout 

L5 5879     Trgt 1 

L6 5873     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 06-12-2012

Nifty(Dec Fut)-Levels

R3 5986
R2 5972
R1 5956
Avg 5942
S1 5926
S2 5912
S3 5896

Nifty(Dec Fut)-Trading Strategy

H6 5970     Trgt 2
H5 5963     Trgt 1
H4 5956     Long breakout
H3 5948     Go Short
H2 5945
H1 5942
L1 5937
L2 5934
L3 5931     Long
L4 5923     Short Breakout
L5 5916     Trgt 1
L6 5909     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 06-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12525
R2 12462
R1 12406
Avg 12343
S1 12287
S2 12224
S3 12168

Bank Nifty(Dec Fut)-Trading Strategy

H6 12469     Trgt 2
H5 12442     Trgt 1
H4 12415     Long breakout
H3 12382     Go Short
H2 12371
H1 12360
L1 12339
L2 12328
L3 12317     Long
L4 12284     Short Breakout
L5 12257     Trgt 1
L6 12230     Trgt 2

NIFTY-Dec Put Option-1st Buying of 05-12-2012-Trade

NIFTY-Dec Put Option(5900)-Buy-Positional-SL-54-TGT-94-CMP-70

Pre-Closing Outlook(05-12-2012)

Although sentiment was completely Bullish today morning but condition of sustaining above 5900 and possibility of hovering around 5900 was updated in all the intraday Outlooks today and Nifty is trading near 5900 at 5698.95 at this moment.

Narrow range(5895-5916) trading in Bullish sentiment with intraday selling patterns at higher levels and breaking down of today lowest(5895) will mean sharp down moves despite Congress victory on FDI issue in Parliament today.

Mid-session Outlook(05-12-2012)

As today gap up opening was strong Global cues led therefore condition of sustaining above 5900 was told in both previous Outlooks because intraday selling was seen at higher levels in previous 2 sessions and fresh consolidation was required for sustaining above last 2 sessions selling ranges. Although Indian markets slipped from intraday higher levels after minor profit booking but it may be a part of consolidation also because Bullish markets consolidate at higher levels.

Global news based up moves today,Nifty is hovering around 5900 for the last 2 hours and finally sustaining it beyond should be firstly watched for next moves confirmation.

Post-open Outlook-2(05-12-2012)

As higher levels selling in last 2 sessions therefore Nifty could not sustain above 5900 despite strong Global cues and it may be for consolidation also. Expected that Nifty will firstly hover around 5900 and finally sustaining beyond 5900 will be next trend confirmation. Sustaining above 5900 will mean strong more than 7% rally also. 

Post-open Outlook(05-12-2012)

All the Asian markets are in Green with Hangsang and SSEC(China) are more than 1.25% up therefore strong and gap up  opening above 5900 today. Let Nifty sustain above 5900 then more than 7% rally will be seen.

Technical Analysis and Market Outlook(05-12-2012)

Nifty-Intra Day Chart (Nov 30 to Dec 04,2012):-

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Technical Patterns and Formations in last 3 Sessions intraday charts

1- More than 16 hours trading in 3 sessions between 5855-5898.
2- support between 5829-5848.
3- support between 5860-5871.
4- Selling between 5878-5898.
5- Last 1 hour up moves with Bearish Rising wedge formation and news based on 04-12-2012 because up moves after beginning of Parliament at 02:00 PM.

Conclusions from 3 Sessions intra day chart analysis

Higher levels selling in last 3 sessions therefore consolidation was must for any up moves above 5900 and it was seen at lower levels also. Although closing near higher levels yesterday but sufficient selling at higher levels in last 3 sessions therefore more consolidation is required for sustaining above 5900.

44 Sessions sideways trading range( 5549-5815) broken out on 29-11-2012 and last 4 sessions closing above 5815 also but selling also seen at higher levels in last 2 sessions. Although good consolidation also seen at lower levels in last 3 sessions but 44 Sessions range break out final confirmation will be after sustaining above 5900 because higher levels selling in last 3 sessions with Bearish Rising wedge formation also yesterday.

Indian markets may be volatile according to news flow from Parliament therefore valid break out of 5815-5900 should be watched for next decisive trend confirmation.

FII Trading Data in Derivatives Segment on 04-Dec-2012

FII & DII trading activity in Capital Market Segment on 04-Dec-2012

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 04-Dec-2012 2371.34 1831.39 539.95

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 04-Dec-2012 1062.21 1496.31 -434.1

Indian Stock Markets Closing Reports(04-Dec-2012)

Main features of today trading are as follows

1- Benchmark Indices closed in Green with nominal gains.
2- All Indices closed in Green except CNX AUTO,CNX IT and CNX MNC.
3- White Candle formation.

Ratios

Nifty Put Call Ratio: 0.81
Nifty P/E Ratio(04-Dec-2012): 18.34

Advances & Declines

BSE Advances : 1,599
BSE Declines : 1,344
NSE Advances : 1,006
NSE Declines :   801

Nifty Open Interest Changed Today

Nifty- 5700 CE(Dec)- -23,900(-1.07%)
Nifty- 5700 PE(Dec)-  221,500(3.84%)

Nifty- 5800 CE(Dec)- -175,950(-4.94%)
Nifty- 5800 PE(Dec)-  137,850(2.42%)

Nifty- 5900 CE(Dec)-  276,700(6.30%)
Nifty- 5900 PE(Dec)-  464,200(14.85%)

Nifty- 6000 CE(Dec)-  834,800(11.29%)
Nifty- 6000 PE(Dec)-   82,750(4.42%)

Closing 

Sensex- closed at 19,348.12(42.80 Points & 0.22%)
Nifty- closed at  5,889.25(18.30 Points & 0.31%)
CNX Midcap - closed at 8,290.95(62.30 Points & .76%)
CNX Smallcap- closed at 3,678.75(0.95 Points & 0.03%)

Nifty Spot-Levels & Trading Strategy for 05-12-2012

Nifty Spot-Levels

R3 5937

R2 5915

R1 5902

Avg 5880

S1 5867

S2 5845

S3 5832

Nifty Spot-Trading Strategy

H6 5924     Trgt 2 

H5 5916     Trgt 1

H4 5908     Long breakout 

H3 5898     Go Short 

H2 5895

H1 5892

L1 5885

L2 5882

L3 5879     Long 

L4 5869     Short Breakout 

L5 5861     Trgt 1 

L6 5853     Trgt 2

Nifty(Dec Fut)-Levels & Trading Strategy for 05-12-2012

Nifty(Dec Fut)-Levels

R3 5972

R2 5950

R1 5936

Avg 5914

S1 5900

S2 5878

S3 5864

Nifty(Dec Fut)-Trading Strategy

H6 5959     Trgt 2 

H5 5951     Trgt 1

H4 5942     Long breakout 

H3 5932     Go Short 

H2 5929

H1 5926

L1 5919

L2 5916

L3 5913     Long 

L4 5903     Short Breakout 

L5 5895     Trgt 1 

L6 5886     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 05-12-2012

Bank Nifty(Dec Fut)-Levels

R3 12504

R2 12397

R1 12333

Avg 12226

S1 12162

S2 12055

S3 11991

Bank Nifty(Dec Fut)-Trading Strategy

H6 12442     Trgt 2 

H5 12402     Trgt 1

H4 12363     Long breakout 

H3 12316     Go Short 

H2 12300

H1 12284

L1 12253

L2 12237

L3 12221     Long 

L4 12174     Short Breakout 

L5 12135     Trgt 1 

L6 12095     Trgt 2

Pre-Closing Outlook(04-12-2012)

More than 14 hours trading in 3 sessions between 5852-5898 with:-

1- support between 5829-5848 on 30-11-2012. 
2- support between 5860-5871 today.
1- Selling between 5890-5898 yesterday.
2- Selling between 5884-5876 today. 

44 Sessions sideways trading range( 5549-5815) broken out on 28-11-2012 but follow up consolidation is must for sustaining above 5815. As higher levels selling therefore consolidation is must for any up moves above 5900 and its signals also seen at lower levels today. As down moves seen after above mentioned higher levels selling therefore:-

1- Today intraday lowest(5860) should be firstly watched for correction continuation/completion confirmation.
2- Above mentioned support(5829) should be finally watched for correction continuation/completion confirmation.

Indian markets may be volatile according to news flow from Parliament therefore valid break out of 5815-5900 should be watched for next decisive trend confirmation.

Technical Analysis and Market Outlook(04-12-2012)

Nifty-Intra Day Chart (01-Dec-2012):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5890-5898
2- Mixed Patterns between 5856-5862
3- Whole day actual trading between 5856-5898

Conclusions from intra day chart analysis 

All trends are up and 44 Sessions sideways trading range( 5549-5815) broken out in previous week after 350 points forceful rally in 10 sessions. As such blasting rally in previous weeks therefore minimum very short term correction was due and it signals were seen through quiet sideways market yesterday.

Firstly selling between 5890-5898 and after that sideways trading with mixed intraday patterns between 5856-5882 seen yesterday. Follow up confirm buying/selling today between 5856-5882 will start following next moves:-

1- Rally continuation without any deep correction above 5882 or
2- Correction of previous week rally below 5856 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 today for next sustained moves:-

1- For 1st signal: 5856-5882
2- For confirmation: 5815-5900

FII & DII trading activity in Capital Market Segment on 03-Dec-2012

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 03-Dec-2012 1955.34 1652.67 302.67

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 03-Dec-2012 1087.32 1423.26 -335.94