Post-open Outlook(04-06-2013)

Following lines were told at 07:50 AM in previous Outlook today:-

As Supports at lower levels after more than 4 hours down moves in Bullish falling channel therefore an indication of up moves 

Up moves were indicated and Nifty is now more than .65% up. Strong resistances are above 6070 and next trading range in which market will prepare for next trend is 5916-6070,let market prepare for next moves then will be updated according intraday charts formations.

Technical Analysis and Market Outlook(04-06-2013)

Nifty-Intra Day Chart (03-Jun-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly more than 4 hours down moves in Bullish falling channel 
2- Support between 5916-5932
3- Whole day actual trading between 5916-5977

Conclusions from intra day chart analysis 

As Supports at lower levels after more than 4 hours down moves in Bullish falling channel therefore an indication of up moves and correction completion also but confirmation is must through sustaining above yesterday lowest(5916).

Follow up moves after lower levels yesterday supports and sustaining beyond 5916 should be firstly watched today for corrective Wave-C continuation/completion.

Pre-open Outlook(04-06-2013)

Asian markets are almost flat today morning despite good up moves in US markets yesterday therefore sentiment is quiet and firstly quiet market is expected. As lower levels consolidation and supports yesterday therefore firstly sustaining beyond yesterday lowest(5916) should be watched for:-

1- Above 5916- Correction completion.
2- Below 5916- Correction continuation toward next immediate target(5841.10) 

Nifty Spot-Levels & Trading Strategy for 04-06-2013

Nifty Spot-Levels

R3 6089
R2 6050
R1 5994
Avg 5955
S1 5899
S2 5860
S3 5804

Nifty Spot-Trading Strategy

H6 6034     Trgt 2
H5 6012     Trgt 1
H4 5991     Long breakout
H3 5965     Go Short
H2 5956
H1 5947
L1 5930
L2 5921
L3 5912     Long
L4 5886     Short Breakout
L5 5865     Trgt 1
L6 5843     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 04-06-2013

Nifty(Jun Fut)-Levels

R3 6091
R2 6051
R1 6005
Avg 5965
S1 5919
S2 5879
S3 5833

Nifty(Jun Fut)-Trading Strategy

H6 6045     Trgt 2
H5 6025     Trgt 1
H4 6006     Long breakout
H3 5982     Go Short
H2 5974
H1 5966
L1 5951
L2 5943
L3 5935     Long
L4 5911     Short Breakout
L5 5892     Trgt 1
L6 5872     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 04-06-2013

Bank Nifty(Jun Fut)-Levels

R3 12731
R2 12630
R1 12523
Avg 12422
S1 12315
S2 12214
S3 12107

Bank Nifty(Jun Fut)-Trading Strategy

H6 12626     Trgt 2
H5 12579     Trgt 1
H4 12531     Long breakout
H3 12474     Go Short
H2 12455
H1 12436
L1 12397
L2 12378
L3 12359     Long
L4 12302     Short Breakout
L5 12254     Trgt 1
L6 12207     Trgt 2

Pre-Closing Outlook(03-06-2013)

Whole day down moves in Bullish falling channel some supports at lower levels also therefore follow up moves and sustaining beyond today lowest(5916.35) should be firstly watched tomorrow for next immediate move confirmations.

Live proof of 100% Accurate Predictions

Following line was told at 12:04:00 PM on 31-05-2013 in Mid-session Outlook

Wave-C beginning toward lower levels below Wave-A(5936.80)

Today lowest formation is at 5928.25

Just click following topic link and verify on yours own

Mid-session Outlook(31-05-2013)

Mid-session Outlook(03-06-2013)

Corrective Wave-C of corrective 'ABC' continuation after Impulsive Wave-B completion at 6133.75 on 30-05-2013. Corrective Wave-A retraced 292.65 points and its almost 100% retracement is possible therefore on going Wave-C may retrace up to 5841.10(6133.75-292.65).

As good news for INFY therefore it was more than 7% up and resultant positive zone trading immediately after opening today but follow up selling developed and slipping from higher levels.

More down moves are expected and possibility of above mentioned level(5841.10) testing is alive.

Outlooks will be updated during trading hours today

Anyone can verify any time this fact that such "high quality and accurate analysis of  intraday Charts" will never be available in any other Website and Business News Channel in whole India which we are updating for the last more than 3 years

&

Only we teach Intraday Charts analysis in India

Pre-Closing Outlook(31-05-2013)

DEAD BULL

Following line was told many times last 4/5 days

strong resistances are lying between 6130-6180

Nifty could not close above 5930 and sharply down today. As such down moves were understood therefore it was updated in both previous Outlooks and repeating follow line from Mid-session Outlook(31-05-2013) for next expected moves:-

Wave-C beginning toward lower levels below Wave-A(5936.80) 

Mid-session Outlook(31-05-2013)

Last 3 sessions range broken down today after RBI Governor worries on weakening Indian Rupee yesterday. 'ABC' correction is on and today almost confirmations of corrective Wave-C beginning toward lower levels below Wave-A(5936.80). 

As 3 previous sessions range broken down after negative news therefore only sustaining below the lowest(6056) of 3 sessions should be watched for confirmations. As per our view possibility of sustaining below 6056 is high.

Post-open Outlook(31-05-2013)

Clear weakness and now high possibility of slipping below previous 3 sessions lowest

Technical Analysis and Market Outlook(31-05-2013)

Nifty-Intra Day Chart (30-May-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Sideways trading with mixed patterns between 6079-6110 up to 3:00 PM
2- Firstly sharp up and some volatility in last half hour.
3- Whole day actual trading between 6079-6133 

Conclusions from intra day chart analysis 

Impulsive Wave-B of corrective 'ABC' continuation and closing at its top yesterday but after almost 6 hours mixed patterns formations trading. As most time trading between 6056-6127 in last 3 sessions with mixed trading patterns therefore technically market is not prepared for any side decisive moves and will again prepare for next moves near about mentioned range(6056-6127) despite closing at the top of last 3 days yesterday.  

As strong resistances are lying between 6130-6180 therefore complete consolidation is required for sustaining above 6180. Last 3 sessions trading range is just below it,follow up selling in the coming sessions and once slipping below 6056 will mean steep fall also. As sideways market is expected in the coming session and next move preparation will be seen between 6056-6180 therefore its valid break out should be firstly watched for big trend confirmations.

FII Trading Data in Derivatives Segment on 30-May-2013

FII & DII trading activity in Capital Market Segment on 30-May-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 30-May-2013 5826.88 5039.41 787.47

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-May-2013 1070.88 1386.74 -315.86

Nifty Spot-Levels & Trading Strategy for 31-05-2013

Nifty Spot-Levels

R3 6208
R2 6170
R1 6147
Avg 6109
S1 6086
S2 6048
S3 6025

Nifty Spot-Trading Strategy

H6 6185     Trgt 2
H5 6171     Trgt 1
H4 6157     Long breakout
H3 6140     Go Short
H2 6135
H1 6129
L1 6118
L2 6112
L3 6107     Long
L4 6090     Short Breakout
L5 6076     Trgt 1
L6 6062     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 31-05-2013

Nifty(Jun Fut)-Levels

R3 6217
R2 6180
R1 6155
Avg 6118
S1 6093
S2 6056
S3 6031

Nifty(Jun Fut)-Trading Strategy

H6 6193     Trgt 2
H5 6179     Trgt 1
H4 6165     Long breakout
H3 6148     Go Short
H2 6142
H1 6136
L1 6125
L2 6119
L3 6113     Long
L4 6096     Short Breakout
L5 6082     Trgt 1
L6 6068     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 31-05-2013

Bank Nifty(Jun Fut)-Levels

R3 12956
R2 12900
R1 12851
Avg 12795
S1 12746
S2 12690
S3 12641

Bank Nifty(Jun Fut)-Trading Strategy

H6  12907    Trgt 2
H5  12883    Trgt 1
H4  12859    Long breakout
H3  12830    Go Short
H2  12821
H1  12811
L1  12792
L2  12782
L3  12773    Long
L4  12744    Short Breakout
L5  12720    Trgt 1
L6  12696    Trgt 2

Pre-Closing Outlook(30-05-2013)

Following line was told in previous Outlook yesterday:-

1-"both buying and selling patterns formations in last 2 sessions" 
2-"one sided trading positions have not been built up"
3-"follow up moves and valid break out last 2 sessions trading range(6056-6127) should be firstly watched tomorrow for next trend confirmations"

As one sided trading positions were not been built up therefore Indian markets are flat today despite weak Asian and US markets. Following ranges valid break out should be firstly watched now for next moves confirmations:-

1-Today actual trading range(6080-6111) for next moves first indication.
2-3 Sessions trading range(6056-6127) for next moves confirmations.

As strong resistances are lying just above 3 sessions trading range between 6130-6180 therefore next up trend will be considered above 6180. Follow up selling and once slipping below 6056 will mean steep fall also therefore now sideways market between 6056-6180 will be considered and its valid break out will be watched in the coming sessions for next moves confirmations.

Technical Analysis and Market Outlook(30-05-2013)

Nifty-Intra Day Chart (May 28 & May 29,2013):-

                                                   Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Up moves in Bearish Rising channel on 28-05-2013.
2- Firstly selling between 6097-6105 on 29-05-2013 
3- 3 Times down moves in Bullish Falling Channel on 29-05-2013 
4- 3 Times higher Bottom formations on 29-05-2013 
5- 2 Sessions actual trading between 6056-6127.

Conclusions from 2 Sessions intra day chart analysis 

Up moves in Bearish Rising channel yesterday weakness was projected for today and that was seen also and Indian markets traded most time in Red today but lower levels supports also developed because:-

1- down moves after 12:00 PM were not showing required force.
2- 3 Times higher Bottom formations.
3- No weakness despite European markets sharp down moves.

Indian Rupee moved toward record lows but Indian markets did not reacted negative and got supports at lower levels as well as closed almost flat today. It is clear that both buying and selling patterns formations in last 2 sessions and one sided trading positions have not been built up therefore follow up moves and valid break out last 2 sessions trading range(6056-6127) should be firstly watched tomorrow for next trend confirmations.