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which is updating Nifty & Indian Stock Markets
"Daily and Weekly accurate Outlooks" 
with "Intraday Charts Analysis"for the 
last more than "14 years" means from "2010"
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Nifty(Aug Fut)-Levels & Trading Strategy for 28-08-2012

Nifty(Aug Fut)-Levels

R3 5440
R2 5423
R1 5392
Avg 5375
S1 5344
S2 5327
S3 5296

Nifty(Aug Fut)-Trading Strategy

H6  5410    Trgt 2
H5  5399    Trgt 1
H4  5388    Long breakout
H3  5375    Go Short
H2  5370
H1  5366
L1  5357
L2  5353
L3  5348     Long
L4  5335    Short Breakout
L5  5324    Trgt 1
L6  5313    Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 28-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10521
R2 10446
R1 10311
Avg 10236
S1 10101
S2 10026
S3 9891

Bank Nifty(Aug Fut)-Trading Strategy

H6 10387     Trgt 2
H5 10339     Trgt 1
H4 10292     Long breakout
H3 10234     Go Short
H2 10215
H1 10196
L1 10157
L2 10138
L3 10119     Long
L4 10061     Short Breakout
L5 10014     Trgt 1
L6  9966     Trgt 2

Pre-Closing Outlook(27-08-2012)

Correction is on and today intraday patterns are showing consolidation formations therefore expected that up moves will be seen after correction completion within 1/2 sessions.

Mid-session Outlook(27-08-2012)

Although slipping immediately after opening and trading near today intraday lows but today trading patterns are showing consolidation formations therefore up moves are expected after correction completion within 1/2 sessions.

Nifty at 5610.60 after completion of on going correction

Technical Analysis,Research & Weekly Outlook
(Aug 27 to Aug 31,2012)
Nifty-EOD Chart (24-Aug-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- Wave-1(5629.95 on 22-02-2012)
2- Wave-2(4770.35 on 04-06-2012)
3- Sub Wave-1(5348.55 ON 10-07-2012)
4- Sub Wave-2(5032.40 on 26-07-2012)
5- Sub Wave-3 oF Wave-3 is on
6- Long term trend decider 200-Day SMA at 5116
7- Long term trend decider 200-Day EMA at 5188

Conclusions from EOD chart analysis 

All trends are up and minor correction of Sub Wave-3 is on from last 2 sessions.

Nifty-Intra Day Chart (Aug 23 & Aug 24,2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 5436-5448
2- Consolidation between 5371-5335

Conclusions from 2 Sessions intra day chart analysis 

Higher levels selling and lower levels buying in last 2 sessions therefore firstly sideways market expected within last 2 sessions trading range(5371-5448).

Conclusions (After Putting All Indicators Together)

Wave-3 is on and as per Elliott Wave theory it can not be shorter than Wave-1 which rallied 578.20(5348.55-4770.35) points. Wave-3 started from 5032.40 and it should move up minimum 578.20 points therefore minimum tanget of on going rally is 5610.60(5032.40+578.20).

Nifty is well above both Long term trend deciders 200-Day SMA and 200-Day EMA as well as given confirmations of Long term trend turning up through sustaining it above. Very Short term correction seen in last 2 sessions but lower levels support also seen on 24-08-2012. 

Although correction is on but Consolidation between 5371-5335 on 24-08-2012 therefore firstly sustaining beyond this range will be watched in the beginning of next week and sustaining it beyond will decide the depth or completion of on going correction.

Very Short term correction is on and let its completion confirmation come then rally toward minimum 5610.60 will be seen. Expected that fresh up moves will start after completion of on going correction.

FII Trading Data in Derivatives Segment on 24-Aug-2012


FII & DII trading activity in Capital Market Segment on 24-Aug-2012

FII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII24-Aug-20122068.491842.43226.06

DII trading activity on NSE and BSE in Capital Julket Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII24-Aug-2012806.331163.01-356.68

Indian Stock Markets Closing Reports(24-Aug-2012)

Main features of today trading are as follows

1- All benchmark Indices closed in Red.
2- Bullish Nammer Candle formation.
3- Narrow range sideways market.

Ratios

Nifty Put Call Ratio: 1.28
Nifty P/E Ratio(23-Aug-2012): 18.17

Advances & Declines

BSE Advances : 1137
BSE Declines : 1693
NSE Advances :  471
NSE Declines :  947

Nifty Open Interest Changed Today

Nifty- 5200 CE(Aug)- -147,650(-8.6%)
Nifty- 5200 PE(Aug)-  85,150(1.0%)

Nifty- 5300 CE(Aug)- -269,150(-9.1%)
Nifty- 5300 PE(Aug)-  579,000(5.8%)

Nifty- 5400 CE(Aug)- -709,550(-11.3%)
Nifty- 5400 PE(Aug)- -1,436,550(-18.3%)

Nifty- 5500 CE(Aug)-  432,650(4.2%)
Nifty- 5500 PE(Aug)- -1,127,950(-44.7%)

Closing 

Nifty- closed at 5,386.70(-28.65 Points & -0.53%)
Sensex- closed at 17,783.21(-67.01 Points & -0.38% )
CNX Midcap - closed at 7,207.65(-41.40 Points & -0.57%)
BSE SMLcap- closed at 6,574.78(-51.75 Points & -0.78%)

Nifty Spot-Levels & Trading Strategy for 27-08-2012

Nifty Spot-Levels

R3 5416
R2 5404
R1 5395
Avg 5383
S1 5374
S2 5362
S3 5353

Nifty Spot-Trading Strategy

H6 5407     Trgt 2
H5 5402     Trgt 1
H4 5397     Long breakout
H3 5391     Go Short
H2 5389
H1 5387
L1 5384
L2 5382
L3 5380     Long
L4 5374     Short Breakout
L5 5369     Trgt 1
L6 5364    Trgt 2

Nifty(Aug Fut)-Levels & Trading Strategy for 27-08-2012

Nifty(Aug Fut)-Levels

R3 5450
R2 5432
R1 5417
Avg 5399
S1 5384
S2 5366
S3 5351

Nifty(Aug Fut)-Trading Strategy

H6 5435     Trgt 2
H5 5427     Trgt 1
H4 5420     Long breakout
H3 5411     Go Short
H2 5408
H1 5405
L1 5398
L2 5395
L3 5392     Long
L4 5383     Short Breakout
L5 5376     Trgt 1
L6 5368     Trgt 2

Bank Nifty(Aug Fut)-Levels & Trading Strategy for 27-08-2012

Bank Nifty(Aug Fut)-Levels

R3 10507
R2 10473
R1 10419
Avg 10385
S1 10331
S2 10297
S3 10243

Bank Nifty(Aug Fut)-Trading Strategy

H6 10454     Trgt 2
H5 10434     Trgt 1
H4 10414     Long breakout
H3 10390     Go Short
H2 10382
H1 10374
L1 10357
L2 10349
L3 10341     Long
L4 10317     Short Breakout
L5 10297     Trgt 1
L6 10277     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Aug 27 to Aug 31,2012)

Nifty Spot-Weekly Levels

R3 5513
R2 5481
R1 5433
Avg 5401
S1 5353
S2 5321
S3 5273

Nifty Spot-Weekly Trading Strategy 

H6 5466     Trgt 2
H5 5448     Trgt 1
H4 5430     Long breakout
H3 5408     Go Short
H2 5400
H1 5393
L1 5378
L2 5371
L3 5364     Long
L4 5342     Short Breakout
L5 5323     Trgt 1
L6 5305     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Aug 27 to Aug 31,2012)

Bank Nifty Spot-Weekly Levels

R3 10731
R2 10646
R1 10489
Avg 10404
S1 10247
S2 10162
S3 10005

Bank Nifty Spot-Weekly Trading Strategy 

H6 10574     Trgt 2
H5 10519     Trgt 1
H4 10465     Long breakout
H3 10398     Go Short
H2 10376
H1 10354
L1 10309
L2 10287
L3 10265     Long
L4 10198     Short Breakout
L5 10144    Trgt 1
L6 10089     Trgt 2

Pre-Closing Outlook(24-08-2012)

Almost same following lines were told in both previous Outlooks:-

"As more than 5 hours consolidation between 5380-5397 on 21-08-2012 and sustaining below 5380 will be deeper correction confirmation therefore should be firstly watched today"

Although Nifty slipped but could not sustain below 5380 and recovered from 5371 as well as trading little below and above 5380 for the last 2 hours. Tooday negative zone trading is the result of depressing global cues and today intraday sentiment is also affected by Supreme Court clean chit to P Chidambaram therefore sentiment and technical positions are mixed today.

Next short and intermediate term trend confirmation will be sustaining beyond 5371-5397 and should be firstly watched in next week. 

Market Outlook(24-08-2012)

Dow Jones tripple digitd down and triggered global Stock Markets crash yesterday after worries about a global growth slowdown resurfaced following weak manufacturing reports and a surprise increase in the number of U.S. jobless claims. All the Asian markets are down and some are more than 1% down today morning therefore sentiment is most depressed and negative zome trading will be seen after gap down opening in Indian markets.

As more than 5 hours consolidation between 5380-5397 on 21-08-2012 and sustaining below 5380 will be deeper correction confirmation therefore should be firstly watched today.

Pre-Closing Outlook(23-08-2012)

As intraday consolidations therefore rally continuation was projected yesterday and Indian markets moved up today as well as traded more than .60% up also today but slipped after profit booking. More than 5 hours consolidation between 5380-5397 on 21-08-2012 and sustaining below 5380 will be deeper correction confirmation otherwise only intraday correction for today only.

As today intraday charts are showing consolidations signals also therefore on going rally continuations hopes are still alive despite Red  zone trading after loosing all intraday gains.

Market Outlook(23-08-2012)

Outlook is same which has already been updated in both previous messages of yesterday.

(As busy therefore within 1/2 days detailed analysis will be posted)

Pre-Closing Outlook(22-08-2012)

Firstly more than 4 hours trading between 5405-5421 and after that break out of this range but could not sustain at higher levels and slipped. Nifty is now trading at the lower levels of today but consolidation signals seen and rally continuation is expected in the coming sessions.

Technical Analysis and Market Outlook(22-08-2012)

Nifty-Intra Day Chart (21-Aug-2012):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- More than 5 hours consolidation between 5380-5397
2- Forceful break out in last hour.
3- Whole day trading between 5380-5425.

Conclusions from intra day chart analysis 

Forceful break out after more than 5 hours consolidation as well as closing above 5400 are confirmation of on going rally continuation.

Pre-open Outlook(22-08-2012)

As US markets closed negative yesterday and its Futures are also down(Dow's Futures is 42 points down) today morning therefore sentiment is weak as well as most of the Asian markets are also trading in Red.

Negative zone trading will be seen in Indian markets after Weak opening but finally rally will remain continued in the coming sessions. Although US markets closed in Red yesterday but most of the Indian ADRs closed positive therefore expected that Indian markets will not be much affected by US markets led today weakness.

Pre-Closing Outlook(21-08-2012)


All trends are up and last 10 sessions trading range  break out after more than 5 hours today consolidations between 5369-5398.

Confirmation of strong rally continuation today. 

Market Outlook(21-08-2012)

Today markets projections have already been updated in Pre-Closing Outlook at 03:13 PM on 17-08-2012. Just click following link and go through:-

http://enjoydailyprofits.blogspot.in/2012/08/pre-closing-outlook17-08-2012.html