Live Proofs of Our 100% accurate Bullish & Bearish Predictions of Nifty & Indian Stock Markets

Who told in whole India
 for deeper correction 
at 12113.50 on 15-02-2020 
&
Rock Bottom support 
at 7511.10 on 24-03-2020

Bullish Predictions

When Nifty formed bottom at 7511.10 on 24-03-2020 then we told following lines on 28-03-2020 in "More than 20% Rally of Nifty and up moves above 10000 if Coronavirus situation does not worsen":-

1- We told "4 Times" that "7511.10 is Rock bottom support"
2- We also told for 7511.10 that "it will not be easily broken down"

Nifty is trading above 7511.10 since then despite Corona Virus led huge problems.

Bearish Predictions

when previous closing of Nifty was at 12113.5 then we told following lines on 15-02-2020 in "Strong signals of deeper correction beginning from next week":-

Correction is expected in next week which may be deeper also.

Deeper correction was told and Nifty crashed 4600 points after our above Prediction

(Just click above topic links and see its live proofs on yours own)

Short term trading levels will produce first indication of next big moves

Technical Analysis,Research & Weekly Outlook

(Apr 27 to Apr 30,2020)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (24-Apr-2020):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 beginning from 6825.80 on 29-02-2016 after 1 financial year(2015-16) correction completion
2- Impulsive Wave-1 completion at 8968.70 on 07-09-2016 and corrective Wave-2 beginning
3- Corrective Wave-2 completion at 7893.80 on 26-12-2016 and impulsive Wave-3 beginning
4- Impulsive Wave-3 completion at 11171.50 on 29-01-2018 and corrective Wave-4 beginning
5- Corrective Wave-4 completion at 9951.90 on 23-03-2018 and impulsive Wave-5 beginning
6- Impulsive Wave-5 completion after new life time high formation at 12430.50 on 20-01-2020 and Wave-A of "corrective ABC Waves"  beginning
7- Corrective Wave-A completion at 7511.10 on 24-03-2020 and Wave-B beginning
8- Wave-B continuation with recent top formation at 9390.85 on 20-04-2020

Conclusions from EOD chart analysis(Waves structure)

The rally which started from 6825.80 on 29-02-2016 completed at 12430.50 on 20-01-2020 and then corrective Wave-A of its "ABC" correction begun which completed at 7511.10 on 24-03-2020.

Now impulsive Wave-B of "ABC" correction continuation with recent top formation at 9390.85 on 20-04-2020 and no confirmation of its completion yet.

Nifty-EOD Chart Analysis

(Corrective Waves)

Nifty-EOD Chart (27-Mar-2020):-

Technical Patterns and Formations in EOD charts
1- Impulsive Wave-5 completion at 12430.50 on 20-01-2020 and Wave-A of "corrective ABC Waves" beginning
2- Corrective Wave-A completion at 7511.10 on 24-03-2020 and Wave-B beginning
3- Wave-B continuation with recent top formation at 9390.85 on 20-04-2020
4- Last 26 Sessions sideways trading between 7512-9602

Conclusions from EOD chart analysis 

(Corrective Waves)

"ABC" correction which started from 12430.50 on 20-01-2020 is very much on,its corrective Wave-A completed at 7511.10 on 24-03-2020 and now its impulsive Wave-B continuation with recent top formation at 9390.85 on 20-04-2020. 

Nifty

Last 26 Sessions intraday charts analysis

Nifty-Intra Day Chart (Mar 16  to Apr 24,2020):-

Technical Patterns formation in last 26 Sessions intraday charts

1- Selling(Resistances) in last 21 sessions between
A- 9254-9403
B- 9430-9584
2- Consolidation(Supports) in last 21 sessions
A- 8913-8972
B- 8700-8750
C- 8361-8449
D- 8056-8107
E- 7512-7970
3- Last 10 sessions(09-04-2020 & 24-04-2020) trading between 8822-9390
4- 26 Sessions actual trading between 7512-9602

Conclusions from 26 Sessions intra day chart analysis

As Last 26 Sessions sideways trading between 7512-9602 with above mentioned higher levels 2 resistances and lower levels 5 supports therefore it will be understood that at present Nifty is not prepared for any side big moves and firstly will have to trade and prepare for those big moves within this range which will be firstly done in next week.

Let market prepare then will be decided according to intraday charts preparation and sustaining beyond or forceful break out of last 26 Sessions trading range(7512-9602) and its first signal will be after sustaining beyond last 10 sessions trading range(8822-9390).

Nifty-Intra Day Chart Analysis 

(24-Apr-2020)

Nifty-Intra Day Chart (24-Apr-2020):-

Technical Patterns formation in today intraday charts

1- Consolidation between 9154-9227
2- Package news led volatility in last 4 hours
3- Whole day actual trading between 9142-9296

Conclusions from intra day chart analysis

As the news of Finance minister meeting with Prime Minister at  12 o'clock for Package to industry was in all the Business news channels since last Friday morning therefore firstly up moves were seen after lower levels consolidation between 9154-9227 but could not sustain at higher levels and slipped in last 3 hours after the news of meeting postponement.

Although closing was near the lower levels of the day but lower levels consolidation and volatility was seen in last 4 hours as well as clear selling patterns have not developed therefore firstly sustaining beyond last Friday lowest(9142) should be watched in the beginning of next week for decisive down/up moves beginning confirmations.

Conclusions 

(After Putting All Studies Together)

1- Long term trend is down.
2- Intermediate term trend is sideways between 7512-9602 for the last 26 Sessions.
3- Short term trend is up.

Now Wave-B continuation with recent top formation at 9390.85 on 20-04-2020. As last 26 Sessions sideways trading between 7512-9602 and Wave-B is trading within this range since its beginning therefore finally break out of this range will confirm the life of Wave-B hence should be firstly watched in the coming week/weeks for Wave-B continuation/completion.

As 26 Sessions like big sideways trading period therefore finally break out of this range(7512-9602) will give more than 10% one sided following big moves:-

1- Above 9602 will mean Wave-B continuation towards following crucial Wave-A retracement levels:-
A- 50.0%- 9970 (Crucial)
B- 61.8%- 10551(Crucial) 
{Fibonacci Retracement levels of Wave-A were updated in previous weekly Outlook(Apr 20 to Apr 24,2020)}
2- Below 7512 will mean corrective Wave-C(deeper correction) beginning after Wave-B completion confirmations.

As last 10 sessions(Short term) trading between 8822-9390 and finally sustaining beyond this range will produce first indication of above mentioned next big moves therefore should also be firstly watched in the coming week/weeks.   

Watch levels also amid down moves expectations

Intra Day Chart Analysis & Market Outlook

(24-04-2020)

Nifty-Intra Day Chart (23-Apr-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Up moves in Bearish Rising Channels
2- Down moves in Bullish Falling Channel in Mid-Session
3- Sideways trading between 9309-9343 in last hour
4- Whole day actual trading between 9171-9343

Conclusions from intra day chart analysis 

Although today closing was near the higher levels of the day but all the Up moves were in Bearish Rising Channels therefore emergence of selling signals and resultant down moves expectations have developed today. 

As some buying through Down moves in Bullish Falling Channel up to 9240 in Mid-Session and sideways trading between 9309-9343 in last hour therefore if fresh selling develops then correction beginning confirmation will be after sustaining below 9240. 

Expected that Nifty will firstly trade prepare for next moves within and near about 9240-9403 and finally sustaining beyond this range will confirm next decisive moves which should also be watched amid down moves expectations below 9240.

Levels will generate first signal amid sideways trading sessions

Intra Day Chart Analysis & Market Outlook

(23-04-2020)

Nifty-Intra Day Chart (22-Apr-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 8947-9000
2- Whole day up moves with downward corrections
3- Whole day actual trading between 8947-9209

Conclusions from intra day chart analysis 

Although most Asian markets were trading in deep Red today morning after Dow Jones fall by 641 points yesterday but Indian markets were trading flat therefore we told following lines at 09:44 AM today in "Post-open Outlook(22-04-2020)":-

1- As Indian markets are out performing all the Global markets and trading only 10 points down despite most Global markets deep Red today
2- therefore firstly sustaining beyond yesterday support range(8910-8944) should be watched today for next decisive moves beginning

Nifty could not slip below 8944 and moved up after today lowest formation at 8946.25 as well as whole day up moves were seen with downward corrections and lower levels consolidation between 8947-9000 therefore today trading will be understood with continuous intraday consolidations.

Nifty consolidated between 8910-8944 yesterday and follow up consolidation was seen just above it between 8947-9000 therefore immediate supports of nifty will be understood between 8910-9000 and until Nifty will not sustain below 8910 after complete fresh selling till then decisive down moves will not be seen below 8910. 

As immediate resistances of Nifty are lying between 9300-9403 therefore firstly Nifty will have to trade and prepare for next decisive moves between 8910-9403 hence Nifty will remain sideways within this range in the coming 2/3 sessions.

First expected trading range of Nifty is between 9060-9300 and sustaining beyond this range will generate first signal of next decisive moves beginning which should be watched,  

Post-open Outlook(22-04-2020)

As Indian markets are out performing all the Global markets and trading only 10 points down despite most Global markets deep Red today therefore firstly sustaining beyond yesterday support range(8910-8944) should be watched today for next decisive moves beginning

8700 Will confirm sharp fall towards next deeper supports

Intra Day Chart Analysis & Market Outlook

(22-04-2020)

Nifty-Intra Day Chart (21-Apr-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 9001-9044
2- Down moves in Mid-sessions
3- Consolidation between 8910-8944
4- Volatility in last hours between 8940-9007 
5- Whole day actual trading between 8910-9044

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Correction towards next supports expectations":-

Correction towards following next supports one by one and it is expected also:-

1- 9092-9173
2- 8913-8972
3- 8654-8750

As was told yesterday 100% same happened today through:-

1- 3.03% Correction.
2- Nifty got support just below above mentioned 2nd supports range(8913-8972) at 8909.40 and closed just above it at 8981.45 today.

As firstly more than 2 hours selling after 245 points weaker opening therefore down moves were seen in Mid-sessions. Although consolidation at lower levels but some intraday volatility in last hours therefore more selling can not be ruled during this period hence more down moves are expected towards above mentioned next 3rd supports range(8654-8750).

Be cautious because supports between 8654-8700 are weaker therefore once follow up selling and after that sustaining below 8700 will mean sharp fall confirmation towards following next deeper supports:-

1- 8361-8449
2- 8056-8107
3- 7512-7970

Correction towards next supports expectations

Intra Day Chart Analysis & Market Outlook

(21-04-2020)

Nifty-Intra Day Chart (20-Apr-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Slipping 118 points in first 3 minutes after gap up strong opening
2- Up moves in Bearish Rising Channels
3- Down moves in Bullish Falling Channel
4- Consolidation between 9231-9270
5- Sharp fall from higher level
6- Whole day actual trading between 9231-9390

Conclusions from intra day chart analysis 

Following conclusive lines were told on 18-04-2020 in "Next resistance range will confirm more than 10% one sided decisive moves ":-

As firstly follow up moves within and/or near about next resistance range(9254-9403) and finally sustaining it beyond will confirm the life of on going rally with more than 10% one sided decisive moves also therefore should be watched in next week. 

As was told 100% same happened and Nifty traded whole day within and near about above mentioned resistance range(9254-9403) and closed also within it at 9261.85 today.

Although lower levels some consolidation and closing also between 9231-9270 today but higher levels good selling also through Up moves in Bearish Rising Channels therefore sharp fall from higher level was seen in last hour.

As higher levels good selling today therefore once sustaining below today loweest(9231) will mean correction towards following next supports one by one and it is expected also:-

1- 9092-9173
2- 8913-8972
3- 8654-8750