Sustaining beyond 8612 will be Next Big Moves Confirmation

Technical Analysis and Market Outlook

(20-03-2015)

Nifty-Intra Day Chart (19-Mar-2015):-

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Technical Patterns and Formations in today intraday charts

1- 5 Hours selling between 8738-8788(Immediate Resistances)
2- 123 Points fall in last hours
3- Whole day actual trading between 8615-8788

Conclusions from intra day chart analysis 

More than 100 points sharp up but 5 Hours selling on the back of encouraging news from FOMC therefore Nifty cracking down 123 points in last hours. As good selling between 8738-8788 therefore this range will be strong resistance and until complete consolidation will not happen till then Nifty will not sustain above 8788.

As very good consolidation between 8612-8648 on 16-03-2015 therefore this range is most crucial for next big moves determination. Once sustaining below 8612 will mean huge fall and firstly sustaining it beyond should be firstly watched tomorrow because complete consolidation is firstly required for sustaining above today selling range highest(8788)

20 Sessions lowest is at 8612 and today closing is just above it after intraday higher levels good selling today therefore high possibility of some more down moves but sustaining beyond 8612 should be firstly watched in the coming sessions because that will be next big moves confirmation.

Only & Only we told for "post FOMC Rally" again and again in whole India. Nifty traded 100 points up in first hour today and we booked profit at 09:18 AM today?

Live Proofs 100% Accurate Analysis & Profitable calls

When Nifty was going to close near the lower levels of the day yesterday then we told following line yesterday at 03:28 PM in Pre-closing Outlook(18-03-2015):-

rally continuation is expected tomorrow despite whatsoever outcome from FOMC today and market going to close near the lowest of the day today.

We told following line yesterday at 06:17 PM in "Rally continuation despite Whatsoever Outcome from FOMC":-

"rally continuation is expected tomorrow despite whatsoever outcome from FOMC today Midnight"

As was told yesterday 100% same happened today and Nifty traded 100 points up in first 27 minutes today.

Who told in whole India for post FOMC Rally except us?

We not only posted Outlooks but also send following trading SMS to our paid clients and Free Trial interested persons:-

SMS No 1- At 03:21 PM on 18-03-2015-NIFTY-Mar CE(8700)-Buy-Positional-SL-74 & TGT-124-CMP-92 NIFTY-Mar Fut-Buy-Positional-SL-8674 & TGT-8764-CMP-8703(Lalit39)
SMS No 2- At 09:18 AM on 19-03-2015-NIFTY Mar F&O(Bought on 18-03-2015)-Targets achieved,Cover and book profit immediately in both CE & Fut-CMP Fut-8773CMP(8700)CE-120(Lalit39)

 As we always talk with those proofs which no one can deny therefore updating following live proofs of above mentioned SMS pictures which were sent:-

1- SMS No 1 and 2 Picture from 1st Website(Trading and covering SMS):-

Just click on above picture for enlarged view of those SMS which were sent to paid clients

2- SMS No 1 and 2 Picture from 2nd Website(Trading and covering SMS):-

Just click on above picture for enlarged view of those SMS which were sent to paid clients

If unable to read  text in above picture then:-

1- Firstly click on above SMS picture and enlarge it.

2- If unable to read then Save picture on yours desktop and after that  

3- Open and again enlarge the picture in Windows Picture Viewer.

Only 2 following information are deleted in above SMS Picture due to official secrecy rules:-

1- Numbers of sent SMS.

2- SMS sending Website name.

As we always send 2 SMS for each and every trading call and  2 SMS for each its covering therefore Wherever Our clients are moving they need not to watch market and only have to keep Mobile in their pocket because in any worst condition also minimum 1 SMS will be delivered and our clients will be able to trade and cover without any delay.

We always talk with only those proofs which no one can deny therefore live proofs have been updated and even though if anyone has any doubt then may call us and then he will be given the Mobile Numbers of those who enjoyed profits from any part in India.

Rally continuation despite Whatsoever Outcome from FOMC

Technical Analysis and Market Outlook

(19-03-2015)

Nifty-Intra Day Chart (18-Mar-2015):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 8680-8700
2- Consolidation Patterns between 8664-8684
3- Down moves in Bullish Falling Channel 
4- Whole day actual trading between 8664-8747

Conclusions from intra day chart analysis 

Although Nifty closed near the highest of the day yesterday but we were not Bullish for today market and told following lines in "Fate of Sub Wave-3 in the hands of FOMC & Land acquisition Bill"

1- very short term/intraday correction is due for tomorrow
2- Nifty may turn sideways tomorrow because Nifty has to prepare

As was told 100% same happened today and correction was seen as well as Nifty closed 37 points down today. 

Following line was told today at 10:02 AM in Post-open Outlook(18-03-2015):-

Immediate supports and resistances are between 8630-8760 and Nifty will remain sideways within this range today as well as prepare for next decisive moves

Nifty traded whole day today within mentioned trading range(8630-8760) and prepared for next decisive moves. As consolidation within sideways ranges and consolidation patterns of Down moves in Bullish Falling Channel therefore it seems that Nifty prepared for up moves today.

Although Indian markets closed near the lowest of the day today but good consolidation and lower levels supports in previous 2 sessions and follow up consolidations was seen today today also therefore rally continuation is expected tomorrow despite whatsoever outcome from FOMC today Midnight.

Pre-closing Outlook(18-03-2015)

As good consolidation and lower levels supports in previous 2 sessions and follow up consolidations also seen today therefore rally continuation is expected tomorrow despite whatsoever outcome from FOMC today and market going to close near the lowest of the day today.

Post-open Outlook(18-03-2015)

Following line was told  for today market in "Fate of Sub Wave-3 in the hands of FOMC & Land acquisition Bill":-

1- very short term/intraday correction is due for tomorrow
2- Nifty may turn sideways tomorrow because Nifty has to prepare

As was told 100% same happened today and Nifty has traded more than 40 points down in first hour today.

Immediate supports and resistances are between 8630-8760 and Nifty will remain sideways within this range today as well as prepare for next decisive moves.

Fate of Sub Wave-3 in the hands of FOMC & Land acquisition Bill

Technical Analysis and Market Outlook

(18-03-2015)

Nifty-Intra Day Chart (17-Mar-2015):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8667-8684
2- Consolidation between 8630-8656
3- Minor selling between 8713-8735
4- Complete intraday correction
5- Sharp Recovery in last Hour
6- Whole day actual trading between 8630-8742

Conclusions from intra day chart analysis 

Although Nifty closed in Red at the lowest of on going correction yesterday but we were not Bearish therefore we told following lines yesterday in Pre-open Outlook(17-03-2015):-

1- intraday charts are showing good consolidation patterns formations
2- today lowest will work as good Support
3- high  possibility of Bounce back tomorrow
4- Once sustaining above 8672 will be first indication of rally after correction completion

As was told yesterday 100% same happened today and Bounced Back was seen as well as Nifty closed 90 Points up today. 

Highly volatile day today with Nifty closing much above the neckline(8672) of 20 Sessions Bearish Head and Shoulders pattern at 8723.30 today and if Nifty sustain above 8672 then Bearish Head and Shoulders pattern will be understood whipsaw and will be first indication of rally after correction completion.  

Sub Wave-2 of Wave-5 of Wave-v of Wave-3 continuation with recent bottom formation at 8612 on 16-03-2015. As very good consolidation was seen at lower levels of on going correction between 8612-8648 on 16-03-2015 therefore emergence of Sub Wave-3 beginning possibility and its formation confirmation will mean new life time high formations above the top of Sub Wave-1(9119.20).  

Next resistances of Nifty are as follows:-

1- 8747-8760
2- 8805-8825
3- 8920-8943
4- 9045-9081

As resistances are just above today closing and highest therefore follow up fresh consolidation with sustaining above 8760 is firstly required for next strong indication of fresh rally after correction completion because 21 Day EMA is also at 8760 and Nifty got strong supports near 55 Day EMA on 16-03-2015.

As very Short Term indicators are Over bough after strong recovery in last hours today therefore very short term/intraday correction is due for tomorrow. Resistances are above today closing and supports below today closing therefore Nifty may turn sideways tomorrow because Nifty has to prepare also for following news also:-

1- FOMC will declare its views on Rates hike
2- Govt stand on Land acquisition Bill in Rajya Sabha( If Govt opts for Bill passing through joint session of Parliament then will be good news for market and if goes for select committee then will be a jolt for market.

Sub Wave-3 beginning indications and both above news outcome will decide its fate. Let Nifty prepare for next big moves then will firstly understood from tomorrow intraday charts patterns formations and will be updated accordingly.

As high amount of applications and many Bogus,Fake and Duplicate applications also therefore Free Trial will be given to only genuinely interested persons. Old Free Trial Forms are being scrutalnised and Trial will be started after verifications

Pre-open Outlook(17-03-2015)

As today intraday charts are showing good consolidation patterns formations therefore today lowest will work as good Support and high  possibility of Bounce back tomorrow. Once sustaining above 8672 will be first indication of rally after correction completion and also should be watched in the coming sessions

Extremely busy today therefore detailed Outlook is not being updated for 17-03-2015

As high amount of applications and many bogus applications also therefore Free Trial has been stopped for today and will be restarted after addressing genuine applications
&
if you will call us or send Email then Free Trial will be given from tomorrow

Sustaining beyond 8672 will decide the fate of on going Correction

Technical Analysis,Research & Weekly Outlook

(Mar 16 to Mar 20,2015)

Nifty-Intra Day Chart (13-Mar-2015):-

Technical Patterns and Formations in today intraday charts

1- Continuous first hour slipping after strong opening
2- Selling between 8726-8761(Immediate Resistances)
3- Follow up selling between 8672-8700(Immediate Resistances)
4- Consolidation patterns at lower levels in last hours
4- Whole day actual trading between 8632-8869

Conclusions from intra day chart analysis 

Following most positive news before market opening on 13-03-2015:-

The insurance bill was passed by the Rajya Sabha on 12-03-2015, paving way for foreign companies to raise their stake in domestic insurance companies to 49 per cent. The passage of the bill is being hailed as a big positive for the country as it increases India's visibility among foreign investors.

Although above most positive news for which country was waiting from 2008 but Nifty closed 128 points down after slipping 237 points because sentiment turned highly enthusiastic after Insurance Bill passing in Rajya Sabha on 12-03-2015 therefore profit booking started immediately after opening on 13-03-2015 and Nifty could not sustain at higher levels.

Although 4 hours selling in sideways market  and emergence of some more down moves possibilities but consolidation patterns formations at lower levels in last hours also therefore if follow up consolidation develops then fresh up moves will  be seen but until complete consolidation will not happen till then fresh decisive up moves not be seen. 

Nifty-Intra Day Chart (Mar 01 & Mar 01,2015)

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Technical Patterns and Formations in last 20 Sessions intraday charts

1- Bearish Head and Shoulders pattern
2- Neckline at 8672 broken down after 4 hours sideways market selling just above it on 13-03-2015

 Conclusions from 20 Sessions intra day chart analysis 

Bearish Head and Shoulders pattern formations in last 20 sessions and Neckline at 8672 broken down on 13-03-2015 therefore 8672 will be first resistance range. As 4 hours sideways market selling just above 8672 between 8672-8761 therefore complete consolidation is firstly required for fresh decisive up moves above this range
Nifty-EOD Chart (13-Mar-2015):-

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Technical Patterns and Formations in EOD charts

1- Wave-iv of Wave-3 completion at 7961.35 on 17-12-2014 and beginning of Wave-1 of Wave-v of Wave-3)
2- Wave-1 of Wave-v of Wave-3(8445.60 on 05-01-2015) 
3- Wave-2 of Wave-v of Wave-3(8065.45 on 07-01-2015)
4- Wave-3 of Wave-v of Wave-3(8996.60 on 30-01-2015)
5- Wave-4 of Wave-v of Wave-3(8470.50 on 10-02-2015)
6- Sub Wave-1 of Wave-5 of Wave-v of Wave-3 completion at 9119.20 on 04-03-2015 
7- Wave-a(8913.45)
8- Wave-b(8669.45)
9- Sub Wave-2 of Wave-5 of Wave-v of Wave-3 continuation with recent bottom formation at 8631.75 on 13-03-2015

Conclusions from EOD chart analysis 

Wave-5 of Wave-v of Wave-3 is extended because Nifty moves below 8669.45 and Waves have been recounted. Now Sub Wave-2 of Wave-5 of Wave-v of Wave-3 continuation and its retracement levels are as follows:-

[0.130] 9,034.63(Retracement completed)
[0.236] 8,965.84(Retracement completed)
[0.270] 8,943.77(Retracement completed)
[0.382] 8,871.08(Retracement completed)
[0.500] 8,794.50(Retracement completed)
[0.618] 8,717.92(Retracement completed)
[0.707] 8,660.16(Retracement completed)
[0.764] 8,623.16
[0.786] 8,608.89
[0.886] 8,543.99

Now corrective Sub Wave-2 continuation and as per retracement levels it should complete near about or above 8,543.99

Conclusions (After Putting All Studies Together)

Corrective Sub Wave-2 is on and expected that technically it should complete near about or above 8543 and impulsive Sub Wave-3 should start for fresh up moves above the top of Sub Wave-1(9119.20). As Bearish Head and Shoulders pattern formations in last 20 sessions and Neckline at 8672 was broken down on 13-03-2015 therefore firstly sustaining it beyond should be watched in next week for:-

1- Correction completion above 8672 after fresh consolidation.   
2- Correction continuation below 8672 after follow up selling.