Technical Analysis and Market Outlook(16-07-2013)

Nifty-Intra Day Chart (15-Jul-2013):-

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Technical Patterns and Formations in today intraday charts

1- Support between 5980-6000
2- Up moves in Bearish Rising Channel.
3- Last 3 hours trading between 6023-6034 with mixed trading patterns formations
3- Whole day actual trading between 5980-6038

Conclusions from intra day chart analysis 

Next resistances are as follows:- 

1- 6040-6061
2- 6072-6130(Strong resistance range)

Up moves in Bearish Rising Channel after lower levels supports and last 3 hours trading between 6023-6034 with mixed trading patterns formations. It means that selling also seen in last 3 hours after Bearish Rising Channel formations therefore emergence of 1st selling indication today. As selling indication just below next resistance range(6040-6061) therefore if follow up selling develops in the coming session then very short term down moves will be considered.

Corrective Wave-C beginning possibility turned alive today but lot of selling patterns are required in intraday and Daily charts for decisive down trend and should be firstly watched in the coming sessions. Following ranges valid break out should be also be watched tomorrow for next moves first strong indication:-

1- 6023-6038
2- 5980-6038

Mid-session Outlook-2(15-07-2013)

Indian markets out performed,recovered from lower levels after some supports and last almost 2 hours trading between 6023-6034 with mixed trading patterns formations but lot of selling is required for decisive down moves. Now follow up moves within and near about 6023-6034 should be firstly watched,let selling confirmation come then corrective Wave-C beginning will be considered.    

Mid-session Outlook(15-07-2013)

Although weak IIP data last Friday and .70% weak rupee today but Indian markets are not as much weak and out performing as well as trading sideways and with minor losses after weak opening. It is confirm that until complete selling patterns will not develop on daily and intraday charts till then decisive down moves will not start.

Technical Analysis,Research & Weekly Outlook(Jul 15 to Jul 19,2013)

Nifty-EOD Chart (12-Jul-2013):-

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Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion)
2- Wave-1(5629.95 on 22-02-2012)
3- Wave-2(4770.35 on 04-06-2012)
4- Wave-3(6111.80 on 29-01-2013)
5- Wave-4(5477.20 on 10-04-2012)
6- Wave-5(6229.45 on 20-05-2013) and 'ABC' correction continuation.
7- Wave'A' completion at 5566.25 on 24-06-2013
7- Wave'B' continuation with top formation at 6019.00 on 12-07-2013

Waves structure of ongoing correction

Nifty-EOD Chart (12-Jul-2013):-

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Technical Patterns and Formations in EOD charts

1- Wave-5 top formation at 6229.45 on 20-05-2013 and 5 waves correction continuation
2- Wave 1(5936.80 on 24-05-2012)
3- Wave 2(6133.75 on 30-05-2012)
4- Wave 3(5683.10 on 13-06-2013)
5- Wave 4(5863.40 on 13-06-2013)
6- 5566.25 on 24-06-2013 and corrective Wave-A completion.
7- Wave-a of Wave-B(5904.35 on 01-07-2013)
8- Wave-b of Wave-B(5760.40 on 03-07-2013)
9- Wave-c of Wave-B continuation with top formation at 6019.00 on 12-07-2013

Crucial Retracement Levels 

Nifty-EOD Chart (12-Jul-2013):-

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Technical Patterns and Formations in EOD charts

1- Wave-5 top formation at 6229.45 on 20-05-2013 and corrective Wave-A continuation
2- 5566.25 on 24-06-2013 and corrective Wave-A completion after 5 Waves completion
3- Wave-a of Wave-B(5904.35 on 01-07-2013)
4- Wave-b of Wave-B(5760.40 on 03-07-2013)
5-61.8% Fibonacci Retracement completion 5975 
6-76.4% Fibonacci Retracement at 6072
7- Wave-c of Wave-B continuation with top formation at 6019.00 on 12-07-2013

Conclusions (After Putting All Indicators Together)

As 'ABC' correction begun after 5 waves of Bullish market completion at 6229.45 on 20-05-2013 therefore  the correction of whole up moves started which started 4531.15 on 20-12-2011. Corrective  Wave-A completed at 5566.25 on 24-06-2013 and Wave-B begun. All trends are up and technically 'ABC' correction is on,now impulsive Wave-c of Wave-B continuation and its recent top formation at 6019.00 on 12-07-2013. 61.8% Retracement(5975) has been completed and crucial 76.4% retracement levels is at 6072,expected that Nifty will firstly trade and prepare for next trend between both crucial retracement levels(5975-6072).  

Wave-c of Wave-B is on and after its completion corrective Wave-C down moves possibility towards Wave-A(5566.25) and below it should be kept in mind but firstly complete Distribution patterns are required on Daily and intraday charts for corrective Wave-C down moves beginning. As no selling patterns formation seen yet therefore firstly trading patterns between mentioned crucial retracement levels(5975-6072) should be watched in the coming sessions. As intraday charts formations in previous week were news based(FOMC Minutes and INFY Results) therefore final conclusions can not be drawn and follow up technical patterns formations will be firstly watched in the beginning of coming week for next trend first signal and/or confirmations. It should be kept in mind that follow up selling patterns formations on intraday and daily charts will mean high possibility of corrective Wave-C beginning and should be firstly watched in the beginning of next week.

FII Trading Data in Derivatives Segment on 12-Jul-2013

FII & DII trading activity in Capital Market Segment on 12-Jul-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 12-Jul-2013 2902.7 2257.88 644.82

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 12-Jul-2013 1153.92 1298.89 -144.97

Indian Stock Markets Closing Reports(12-Jul-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.32
Total Options Put Call Ratio: 1.21
Nifty P/E Ratio(12-Jul-2013): 18.31
Nifty P/B Ratio(12-Jul-2013): 3.08
Dividend Yield (12-Jul-2013): 1.38

Advances & Declines

BSE Advances : 1,067
BSE Declines : 1,243
NSE Advances :   613
NSE Declines :   725

Nifty Open Interest Changed Today

Nifty- 5800  CE(Jul)- -435,000(-12.0%)
Nifty- 5800  PE(Jul)-  892,300(12.2%)

Nifty- 5900  CE(Jul)- -390,700(-8.9%)
Nifty- 5900  PE(Jul)- 2,363,750(56.0%)

Nifty- 6000  CE(Jul)- -1,003,900(-14.5%)
Nifty- 6000  PE(Jul)-  1,302,950(50.1%)

Nifty- 6100  CE(Jul)- 577,400(12.5%)
Nifty- 6100  PE(Jul)- 287,150(42.9%)

Closing 

Sensex- closed at 19958(282.41 Points & 1.44%)
Nifty- closed at 6,009.00(73.90 Points & 1.25%)
CNX Midcap - closed at 7,459.70(21.60 Points & 0.29%)
CNX Smallcap- closed at 2,961.85(-3.80 Points & -0.13%)

Nifty Spot-Levels & Trading Strategy for 15-07-2013

Nifty Spot-Levels

R3 6103
R2 6061
R1 6035
Avg 5993
S1 5967
S2 5925
S3 5899

Nifty Spot-Trading Strategy

H6 6077     Trgt 2
H5 6062     Trgt 1
H4 6046     Long breakout
H3 6027     Go Short
H2 6021
H1 6015
L1 6002
L2 5996
L3 5990     Long
L4 5971     Short Breakout
L5 5955     Trgt 1
L6 5940     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 15-07-2013

Nifty(Jul Fut)-Levels

R3 6105
R2 6063
R1 6035
Avg 5993
S1 5965
S2 5923
S3 5895

Nifty(Jul Fut)-Trading Strategy

H6 6077     Trgt 2
H5 6061     Trgt 1
H4 6045     Long breakout
H3 6026     Go Short
H2 6019
H1 6013
L1 6000
L2 5994
L3 5987     Long
L4 5968     Short Breakout
L5 5952     Trgt 1
L6 5936     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 15-07-2013

Bank Nifty(Jul Fut)-Levels

R3 12114
R2 11984
R1 11862
Avg 11732
S1 11610
S2 11480
S3 11358

Bank Nifty(Jul Fut)-Trading Strategy

H6 11995     Trgt 2
H5 11936     Trgt 1
H4 11878     Long breakout
H3 11809     Go Short
H2 11786
H1 11763
L1 11716
L2 11693
L3 11670     Long
L4 11601     Short Breakout
L5 11543     Trgt 1
L6 11485     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jul 15 to Jul 19,2013)

Nifty Spot-Weekly Levels

R3 6336
R2 6177
R1 6093
Avg 5934
S1 5850
S2 5691
S3 5607

Nifty Spot-Weekly Trading Strategy 

H6 6261     Trgt 2
H5 6202     Trgt 1
H4 6142     Long breakout
H3 6075     Go Short
H2 6053
H1 6031
L1 5986
L2 5964
L3 5942     Long
L4 5875     Short Breakout
L5 5815     Trgt 1
L6 5756     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Jul 15 to Jul 19,2013)

Bank Nifty Spot-Weekly Levels

R3 12483
R2 12113
R1 11917
Avg 11547
S1 11351
S2 10981
S3 10785

Bank Nifty Spot-Weekly Trading Strategy 

H6 12315     Trgt 2
H5 12174     Trgt 1
H4 12033     Long breakout
H3 11877     Go Short
H2 11825
H1 11773
L1 11670
L2 11618
L3 11566     Long
L4 11410     Short Breakout
L5 11269     Trgt 1
L6 11128     Trgt 2

Mid-session Outlook(12-07-2013)

Strong resistance range(5873-5969) was lying at higher levels and Nifty traded within and little above it amid most Bullish news based 2 sessions(yesterday and today. Nifty whole day hovered around 5969 and trade between 5952-5992 with mixed trading patterns because today intraday chart is showing buying but that is only on the back of INFY therefore confirmation is required.

Although good selling below 5900 in previous sessions but yesterday rally seen on the back of Global all financial markets strong up moves and today up moves are also INFY results generated therefore next up moves confirmation is firstly required through sustaining above 5969 and should be firstly watched in next week despite Nifty is trading at 5990 at this moment. 

Post-open Outlook(12-07-2013)

Gap up strong opening after INFY good results today and Nifty is trading below the high of the immediate resistance(5969) after fast slipping from higher levels. 2 sessions trading is completely news based and finally sustaining above immediate resistance range(5873-5969) will mean positive reaction on news and only then rally will be seen after confirmation of worst is over.

Although positive news flow but sustaining beyond mentioned resistance range(5873-5969) should be firstly watched for next trend confirmations.

Technical Analysis and Market Outlook(12-07-2013)

Nifty-Intra Day Chart (11-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Most time trading between 5923-5947 with higher levels selling patterns formations
2- Whole day actual trading between 5903-5947

Conclusions from intra day chart analysis 

Blasting Global cues led gap up opening and whole day trading between strong resistances(5873-5969) as well as most time trading between 5923-5947 with higher levels selling patterns formations. As today trading was after huge gap up opening therefore mentioned selling patterns will be understood only first indication of weakness and follow up moves with sustaining beyond mentioned strong resistance range should be firstly watched for next trend confirmations.

5873-5969 is next Trend decider

Pre-Closing Outlook(11-07-2013)

As today all Global financial markets up moves are fabricated news generated and manipulated as well therefore next trend will be decided after cooling down of markets tomorrow. 

Multiple strong resistances are at higher levels between 5873-5969 and it was told in previous Outlooks as well as Nifty is trading within this range since opening today. As technical doesn't work too much in such news based markets therefore no final conclusion can be drawn from today trading patterns formations.

Truth of today up moves will come out after sustaining beyond mentioned strong resistances range(5873-5969) and should be firstly watched in the coming sessions. 

Global Financial Markets Manipulations

Post-open Outlook(11-07-2013)

Big irony that all Global financial markets crashed after FOMC meet on 19-06-2013 but all blasted today after the announcement of its minutes,it is beyond understanding that how the minutes of a meeting and its markets reactions can be so adverse of its decisions. Also surprising that no reaction of FOMC minutes on US markets yesterday and flat closing seen there but its Futures turned almost 1% up within 3 hours of US markets closing.

I would say it is only US generated global financial markets manipulations and traders should form trading policies to counter such highly manipulated situations also. 

Certainly complete Global markets manipulations and now Nifty is trading within strong resistance range(5873-5969),firstly valid break out of this range should be watched for next trend confirmations. 

Pre-open Outlook(11-07-2013)

Our view was Bearish and Indian markets closed near the lows of yesterday but Asian markets are blasting today because Dow's Futures is more than 120 points up today despite US and European markets flat closing yesterday. Indian markets slipped yesterday after higher levels very good selling in previous sessions and multiple strong resistances are lying at higher levels between 5873-5969.

As sentiment suddenly turned strong today therefore expected that Nifty will firstly trade within mentioned resistance range after gap up opening. Today up moves will be only Global sentiments generated and its sustainability within mentioned resistance range as well as intraday charts formations will be firstly watched and will be updated accordingly in Mid-session Outlooks.

Technical Analysis and Market Outlook(11-07-2013)

Nifty-Intra Day Chart (10-Jul-2013):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 5857-5879
2- Sharp down
3- Whole day actual trading between 5804-5879

Conclusions from intra day chart analysis 

Firstly more than 4 hours selling within narrow range market and after that range broken down force fully as well as closing near the lower levels of the day today. Correction is very much on and its continuation is expected in the coming sessions.

Although correction was seen today but we are continuously daily telling its possibility since Monday in following topics:_

1-On 08-07-2013- High possibility of Corrective Wave-C continuation( Weekly Outlook
(Jul 08 to Jul 12,2013))
2-On 09-07-2013- Firstly Sideways market and Finally Wave-C correction continuation
3-On 10-07-2013- Technical Analysis and Market Outlook(10-07-2013)
4-On 10-07-2013- Pre-open Outlook(10-07-2013)

Just click above 4 topic links and understand technical reasons of on going correction.

Live Proofs of Indian Stock Markets 100% Accurate Predictions

Following lines were told today at 02:44 AM in Technical Analysis and Market Outlook

expected that Nifty will not sustain above yesterday highest(5864) and will finally slip 5864 and correction will remain continued in the coming couple of sessions.  

Following lines were told today at 07:12 AM in Pre-open Outlook

expected that Indian markets will not sustain at higher levels and correction will remain continued after follow up selling in the couple of sessions. 

When all the US and European markets closed strong yesterday and most Asian markets were trading with good gains as well as SGX Nifty was trading more than 25 points up then Correction continuation was told during such Bullish mood  which proved 100% accurate today

Not only today but 'Archive' at the bottom of Blog' is live proof of more than hundreds of such accurate and miraculous predictions in last 3 years. Anyone can verify this facts anytime from the Blog 'Archive'

Pre-open Outlook(10-07-2013)

As US and European markets closed with good gains yesterday and most Asian markets are up today morning therefore positive zone trading is expected after Green opening in Indian markets today. Multiple strong resistances are at higher levels between 5873-5969 and intraday selling patterns formations seen yesterday therefore expected that Indian markets will not sustain at higher levels and correction will remain continued after follow up selling in the couple of sessions.