NIFTY-Dec Call Option(6100)-Buy-Positional-SL-19-TGT-64-CMP-35(Lalit39)
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Pre-closing Report(06-12-2012)
Only Short term correction was predicted and it was seen today after first half hour sharp fall. More than 4 hours trading between 5839-5868 today with lower levels supports between 5839-5860. Previous supports were within 5829-5848 and today supports also within this range therefore supports at lower levels have strengthened..
Mayawati announcement to supports Congress in Rajya Sabha tomorrow given trigger to Indian Stock Markets and on going rally will remain continued after Short Term Correction completion today.
Mayawati announcement to supports Congress in Rajya Sabha tomorrow given trigger to Indian Stock Markets and on going rally will remain continued after Short Term Correction completion today.
Mid-session Outlook-2(06-12-2012)
Only 29 points narrow range(5839-5868) moves today after first half hour sharp fall with selling indications but lower levels supports also seen therefore more preparations are required for any side decisive moves.
Let market prepare and intraday charts to complete its formations then next moves will be updated according to intraday charts complete formations. Next trend decider range(5829-5868) valid break out should be also firstly watched for next moves confirmation.
Let market prepare and intraday charts to complete its formations then next moves will be updated according to intraday charts complete formations. Next trend decider range(5829-5868) valid break out should be also firstly watched for next moves confirmation.
Mid-session Outlook(06-12-2012)
As good selling in last 3 days between 5878-5917 therefore correction was expected and it was updated 2 times with following lines yesterday:-
1- At 03:10 PM in Pre-Closing Outlook:- "sharp down moves despite Congress victory on FDI issue in Parliament today"
2- At 06:28 PM in Short Term Correction on Cards:-"minimum very short Term correction will be seen tomorrow despite Congress victory on FDI issue in Parliament today"
Short term correction was expected and it has been seen today,next supports are between 5829-5848 and Nifty is trading between 5839-5868 for the last 3 hours. Nifty is trading between and above next supports for the last 3 hours but marrket require complete consolidation for any decisive up move above 5917 and it will take its own time. Follow up selling and breaking down of 5829 will mean sharp fall.
Although intraday charts are showing selling indications between 5839-5868 today but more intraday formations are required for confirmations. Let market prepare then next moves will be updated according to intraday charts complete formation and next trend decider range(5829-5868) valid break out should be also firstly watched for next moves confirmation.
1- At 03:10 PM in Pre-Closing Outlook:- "sharp down moves despite Congress victory on FDI issue in Parliament today"
2- At 06:28 PM in Short Term Correction on Cards:-"minimum very short Term correction will be seen tomorrow despite Congress victory on FDI issue in Parliament today"
Whatsoever was clearly told yesterday all that happened today and sharp fall seen immediately after opening today.
Although intraday charts are showing selling indications between 5839-5868 today but more intraday formations are required for confirmations. Let market prepare then next moves will be updated according to intraday charts complete formation and next trend decider range(5829-5868) valid break out should be also firstly watched for next moves confirmation.
NIFTY-Dec Put Option(5900)-Bought on 05-12-2012
NIFTY-Dec Put Option(5900)-Bought on 05-12-2012-Target achieved,Cover and book profit immediately-CMP-94(Lalit39)
NIFTY-Dec Put Option(5900)-Bought on 05-12-2012
NIFTY-Dec Put Option(5900)-Bought on 05-12-2012-Market will be volatile therefore hold and cover after my covering message(Lalit39)
Short Term Correction on Cards
Nifty-Intra Day Chart (05-Dec-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5908-5917
2- Whole day actual trading between 5892-5917
Following line was told today at 10:37 AM in Post-open Outlook-2:-
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.
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| Just click on chart for its enlarged view |
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
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Indian Stock Markets Closing Reports(05-Dec-2012)
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
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
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
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.
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.
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):-
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.
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| Just click on chart for its enlarged view |
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 & DII trading activity in Capital Market Segment on 04-Dec-2012
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Indian Stock Markets Closing Reports(04-Dec-2012)
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%)
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