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ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 11-Dec-2012
Indian Stock Markets Closing Reports(11-Dec-2012)
1- Benchmark Indices closed in Red.
2- Highly volatile markets on the back of news flow from Parliament.
3- Black Candle formations.
Ratios
Index Options Put Call Ratio: 0.92
Total Options Put Call Ratio: 0.89
Nifty P/E Ratio(11-Dec-2012): 18.29
Advances & Declines
BSE Advances : 1,157
BSE Declines : 1,768
NSE Advances : 471
NSE Declines : 991
Nifty Open Interest Changed Today
Nifty- 5800 CE(Dec)- -33,050(-0.97%)
Nifty- 5800 PE(Dec)- 640,050(8.79%)
Nifty- 5900 CE(Dec)- 1,175,700(24.18%)
Nifty- 5900 PE(Dec)- 669,100(13.02%)
Nifty- 6000 CE(Dec)- 1,245,200(13.47%)
Nifty- 6000 PE(Dec)- 172,100(5.83%)
Nifty- 6100 CE(Dec)- 267,850(4.44%)
Nifty- 6100 PE(Dec)- -65,000(-7.76%)
Closing
Sensex- closed at 19,387.14(-22.55 Points & -0.12%)
Nifty- closed at 5,898.80(-10.10 Points & -0.17%)
CNX Midcap - closed at 8,360.20(-76.00 Points & -0.90%)
CNX Smallcap- closed at 3,699.55(-43.35 Points & -1.16%)
Nifty Spot-Levels & Trading Strategy for 12-12-2012
R3 6053
R2 6009
R1 5953
Avg 5909
S1 5853
S2 5809
S3 5753
Nifty Spot-Trading Strategy
H6 5998 Trgt 2
H5 5975 Trgt 1
H4 5953 Long breakout
H3 5925 Go Short
H2 5916
H1 5907
L1 5888
L2 5879
L3 5870 Long
L4 5843 Short Breakout
L5 5820 Trgt 1
L6 5797 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 12-12-2012
R3 6092
R2 6047
R1 5987
Avg 5942
S1 5882
S2 5837
S3 5777
Nifty(Dec Fut)-Trading Strategy
H6 6033 Trgt 2
H5 6009 Trgt 1
H4 5985 Long breakout
H3 5956 Go Short
H2 5947
H1 5937
L1 5918
L2 5908
L3 5899 Long
L4 5870 Short Breakout
L5 5846 Trgt 1
L6 5822 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 12-12-2012
R3 12906
R2 12765
R1 12591
Avg 12450
S1 12276
S2 12135
S3 11961
Bank Nifty(Dec Fut)-Trading Strategy
H6 12734 Trgt 2
H5 12662 Trgt 1
H4 12590 Long breakout
H3 12503 Go Short
H2 12474
H1 12445
L1 12388
L2 12359
L3 12330 Long
L4 12243 Short Breakout
L5 12171 Trgt 1
L6 12099 Trgt 2
Pre-Closing Outlook(11-12-2012)
As selling was seen at higher levels in 2 previous sessions therefore consolidation was required through intraday correction and it is being seen today on the back of negative news from Indian Parliament.Uproar in Parliament today due to Wallmart Bribary news therefore Indian markets slipped and correcting at higher levels on the back of negative news flow.
As Indian Stocks market are Bullish therefore will correct at higher levels without deeper correction. Expected that on going rally will remain continued and next target of 6031 will be seen in the coming sessions after today started correction completion.
As slipping and support getting possibility at or near about next support range(5839-5860) was expected therefore following lines were told in Technical Analysis and Market Outlook yesterday:-
"minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860)"
All trends are up,only short term corrections was expected and being seen now. Today down moves will be understood technical correction and following supports will be firstly watched:-
As Indian Stocks market are Bullish therefore will correct at higher levels without deeper correction. Expected that on going rally will remain continued and next target of 6031 will be seen in the coming sessions after today started correction completion.
As slipping and support getting possibility at or near about next support range(5839-5860) was expected therefore following lines were told in Technical Analysis and Market Outlook yesterday:-
"minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860)"
All trends are up,only short term corrections was expected and being seen now. Today down moves will be understood technical correction and following supports will be firstly watched:-
5839-5860
Post-open Outlook(11-12-2012)
Run away rally continuation after bold Economic decisions form Union Govt. As sentiment is strong therefore market is correcting at higher levels without too much slipping.
Expected that on going up moves will remain continued and next target of 6031 will be seen in the coming sessions.
Expected that on going up moves will remain continued and next target of 6031 will be seen in the coming sessions.
NIFTY Dec F&O-1st Positional Shorting of 10-12-2012-Covering
NIFTY Dec F&O(Positional Shorted on 10-12-2012)-Cover immediately-CMP-5962(Lalit39)
Pre-open Outlook(11-12-2012)
Some Asian markets are in Green today morning therefore positive opening is expected. As Bullish markets consolidate at higher levels therefore gettiing supports at or above yesterday intraday support range(5889-5900) can not be ruled out.
Technical Analysis and Market Outlook(11-12-2012)
Nifty-Intra Day Chart (10-Dec-2012):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5910-5918
2- Support between 5889-5900
3- Whole day actual trading between 5889-5918
Sideways narrow range trading with higher levels selling but lower levels intraday supports also therefore mixed intraday trading patterns. As good selling last Friday therefore minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860).
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| Just click on chart for its enlarged view |
1- Selling between 5910-5918
2- Support between 5889-5900
3- Whole day actual trading between 5889-5918
Conclusions from intra day chart analysis
Sideways narrow range trading with higher levels selling but lower levels intraday supports also therefore mixed intraday trading patterns. As good selling last Friday therefore minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860).
FII & DII trading activity in Capital Market Segment on 10-Dec-2012
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Indian Stock Markets Closing Reports(01-Dec-2012)
1- Benchmark Indices closed flat.
2- CNX Midcap and CNX Smallcap closed positive with sufficient gains.
3- Doji Candle formation in narrow range trading.
Ratios
Index Options Put Call Ratio: 0.91
Total Options Put Call Ratio: 0.87
Nifty P/E Ratio(01-Dec-2012): 18.36
Advances & Declines
BSE Advances : 1,524
BSE Declines : 1,415
NSE Advances : 913
NSE Declines : 884
Nifty Open Interest Changed Today
Nifty- 5700 CE(Dec)- 4,100(0.21%)
Nifty- 5700 PE(Dec)- 401,650(7.12%)
Nifty- 5800 CE(Dec)- 99,050(3.00%)
Nifty- 5800 PE(Dec)- 744,700(11.39%)
Nifty- 5900 CE(Dec)- 203,800(4.38%)
Nifty- 5900 PE(Dec)- 646,650(14.39%)
Nifty- 6000 CE(Dec)- 625,900(7.26%)
Nifty- 6000 PE(Dec)- 207,100(7.55%)
Closing
Sensex- closed at 19,409.69(-14.41 Points & -0.07%)
Nifty- closed at 5,908.90(1.50 Points & 0.03%)
CNX Midcap - closed at 8,436.20(59.90 Points & 0.72%)
CNX Smallcap- closed at 3,742.90(14.55 Points & 0.39%)
Nifty Spot-Levels & Trading Strategy for 11-12-2012
R3 5953
R2 5936
R1 5922
Avg 5905
S1 5891
S2 5874
S3 5860
Nifty Spot-Trading Strategy
H6 5939 Trgt 2
H5 5932 Trgt 1
H4 5925 Long breakout
H3 5916 Go Short
H2 5913
H1 5910
L1 5905
L2 5902
L3 5899 Long
L4 5890 Short Breakout
L5 5883 Trgt 1
L6 5876 Trgt 2
Nifty(Dec Fut)-Levels & Trading Strategy for 11-12-2012
R3 5989
R2 5972
R1 5957
Avg 5940
S1 5925
S2 5908
S3 5893
Nifty(Dec Fut)-Trading Strategy
H6 5974 Trgt 2
H5 5966 Trgt 1
H4 5959 Long breakout
H3 5950 Go Short
H2 5947
H1 5944
L1 5939
L2 5936
L3 5933 Long
L4 5924 Short Breakout
L5 5917 Trgt 1
L6 5909 Trgt 2
Bank Nifty(Dec Fut)-Levels & Trading Strategy for 11-12-2012
3 12584
R2 12541
R1 12507
Avg 12464
S1 12430
S2 12387
S3 12353
Bank Nifty(Dec Fut)-Trading Strategy
H6 12550 Trgt 2
H5 12532 Trgt 1
H4 12515 Long breakout
H3 12494 Go Short
H2 12487
H1 12480
L1 12465
L2 12458
L3 12451 Long
L4 12430 Short Breakout
L5 12413 Trgt 1
L6 12395 Trgt 2
Pre-Closing Outlook(10-12-2012)
Short term correction was updated in following topic on 08-12-2012 and it was seen today:-
Rally after Short Term Correction
Sideways narrow range trading with mixed intraday trading patterns between 5889-5918 today. As good selling last Friday therefore minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860).
Rally after Short Term Correction
Sideways narrow range trading with mixed intraday trading patterns between 5889-5918 today. As good selling last Friday therefore minor slipping possibility is alive and support getting possibility is at or near about next support range(5839-5860).
NIFTY-Dec F&O-1st Selling of 10-12-2012-Trade
NIFTY-Dec Fut-Sell-Intraday/Positional-SL-5976 & TGT-5896-CMP-5949(Dec Fut-Rates are given for all trading)(Lalit39)
NIFTY-Dec F&O-1st Selling of 10-12-2012-Trade
NIFTY-Dec Put Options(5900-6000)-Buy(Positional)-SL-5976 & TGT-5896-CMP-5936(Dec Fut-Rates are given for all trading)(Lalit39)
Rally after Short Term Correction
Technical Analysis,Research & Weekly Outlook
(Dec 10 to Dec 14,2012)
Nifty-EOD Chart (07-Dec-2012):- |
| Just click on chart for its enlarged view |
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(5629.95 on 22-02-2012).
4- Wave-2(4770.35 on 04-06-2012).
5- Wave-3 is on
Conclusions from EOD chart analysis
Rally begun after 13 Months Long Term correction completion and impulsive Wave-3 is on.
Waves Structure of Wave-3
Nifty-EOD Chart (07-Dec-2012):- |
| Just click on chart for its enlarged view |
1- Wave-2 completion(4770.35 on 04-06-2012)
2- Sub Wave-1 gained 578.20 points(5348.55 on 10-07-2012)
3- Sub Wave-2(5032.40 on 26-07-2012)
4- Sub Wave-3 gained 782.95 points(5815.35 on 05-10-2012)
5- Sub Wave-4(5548.35 on 20-11-2012)
6- Sub Wave-5 of Wave-3 is on.
Conclusions from EOD chart analysis
Sub Wave-4 corrected sideways between 5548.35-5815.35 with Bullish Flag formation and this range broken out on 29-11-2012. Break out validity got confirmation in previous week and with this Sub Wave-5 of Wave-3 also got its continuation confirmation.
Nifty-Intra Day Chart (07-Dec-2012):-
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| Just click on chart for its enlarged view |
1- Selling between 5930-5946
2- Follow up selling between 5910-5925
3- Whole day actual trading between 5890-5946
Conclusions from intra day chart analysis
Mayawati announcement to support Congress in Rajya Sabha created enthusiasm but Union Government postponed key Economic decisions in Cabinet meeting 06-12-2012 therefore Big Gap up opening was not seen last Friday and intraday charts are showing good selling patterns.
As good selling last Friday therefore firstly down moves will be seen in the beginning of next week.
Conclusions (After Putting All Studies Together)
Sub Wave-5 of Wave-3 is on after Sub Wave-4 correction completion with Bullish Flag formation therefore strong up moves will be seen. As per Elliot Wave theory Wave-3 should never be shorter than both Wave-1 and Sub Wave-5. Wave-3 gained 782.95 points as per theory Sub Wave-5 will gain less than 782.95 point from the bottom of Wave-4(5548.35) therefore Sub Wave-5 maximum target will be less than 6331.30(5548.35+782.95). Previous tops above 6000 are as follows:-
1- 6357.10 on 08-01-2008.
2- 6338.50 on 05-11-2010.
As on going Sub Wave-5 rally possibile maximum target is near 6331 therefore Tripple Top formation may be seen. Expected that Sub Wave-5 will not gain less than 61.8% of Sub Wave-3 gains and Sub Wave-5 targets should be between 6031-6331. Usually Wave-5 of any degree moves faster therefore rally will be forceful.
Good intraday selling seen on 06-12-2012 and firstly Indian markets will slip in the beginning of coming week therefore next support range(5829-5860) should be firstly watched. Expected that Nifty will consolidate between 5829-5946 and after that next strong rally will be seen above 5949.
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