Nifty(Dec Fut)-Levels & Trading Strategy for 07-12-2012

Nifty(Dec Fut)-Levels

R3 6126

R2 6055

R1 6012

Avg 5941

S1 5898

S2 5827

S3 5784

Nifty(Dec Fut)-Trading Strategy

H6 6085     Trgt 2 

H5 6059     Trgt 1

H4 6032     Long breakout 

H3 6001     Go Short 

H2 5990

H1 5980

L1 5959

L2 5949

L3 5938     Long 

L4 5907     Short Breakout 

L5 5880     Trgt 1 

L6 5854     Trgt 2

Bank Nifty(Dec Fut)-Levels & Trading Strategy for 07-12-2012

Bank Nifty(Dec Fut)-Levels

R3 13042

R2 12815

R1 12665

Avg 12438

S1 12288

S2 12061

S3 11911

Bank Nifty(Dec Fut)-Trading Strategy

H6 12901     Trgt 2 

H5 12811     Trgt 1

H4 12722     Long breakout 

H3 12618     Go Short 

H2 12584

H1 12549

L1 12480

L2 12445

L3 12411     Long 

L4 12307     Short Breakout 

L5 12218     Trgt 1 

L6 12128     Trgt 2

NIFTY-Dec Call Option-1st Buying of 06-12-2012-Trade

NIFTY-Dec Call Option(6100)-Buy-Positional-SL-19-TGT-64-CMP-35(Lalit39)

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.

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. 

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" 

Whatsoever was clearly told yesterday all that happened today and sharp fall seen immediately after opening 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. 

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):-

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):-

Just click on chart for its enlarged view

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