Technical Analysis and Market Outlook(17-07-2013)

Nifty-Intra Day Chart (16-Jul-2013):-

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Technical Patterns and Formations in today intraday charts

1- Firstly selling patterns formations.
2- Whole day up moves in Bearish Rising Channel.
3- Most time trading between 5930-5955 
3- Whole day actual trading between 5930-5966 

Conclusions from intra day chart analysis 

Firstly gap down opening and then up moves after bottom formation at 11:30 AM as well as closing near the higher levels of the day today. Most time trading between 5930-5955 and up moves seen within this range in Bearish rising Channel therefore no up moves confirmation from intraday charts formations despite today closing near higher levels of the day. As some selling patterns formations in first hour and Whole day up moves in Bearish rising Channel also seen therefore finally down moves below today lowest can not be ruled out but confirmation is firstly required through  valid breaking out of above mentioned most time trading range(5930-5955).

It should also be kept in mind that after valid breaking down of following levels will be corrective Wave-C confirmation and deeper correction as well:-

1- 5930
2- 5918

As selling indication seen in today intraday charts therefore finally down moves below 5918 turned alive today.

Pre-Closing Outlook(16-07-2013)

Firstly most time trading between 5930-5955 and now trading above 5955 but as such no buying patterns seen today and recent up moves above 5955 may be for short covering of those who would have shorted under depressed sentiments immediately after gap down opening today.

Firstly sustaining beyond 5955 should be watched today for next moves first indication.

Mid-session Outlook(16-07-2013)

Although recovery from lower levels after gap down opening but most time trading between 5930-5955 and firstly sustaining beyond this range should be watched for next immediate move confirmations. It should be kept in mind that after valid breaking down of following levels will be corrective Wave-C confirmation and deeper correction as well:-

1- 5930
2- 5918

As busy therefore Mid-session Outlooks have not been updated yet and will be posted after some time today

Live Proofs of Put Options buying in last Minutes yesterday

SGX Nifty is 90 points down today but when European markets and US Futures were trading with good gains yesterday then intraday charts confirmed us selling indications in last minutes yesterday therefore we sent 5900 Put Option buying SMS to our paid clients. As call was prepared in hurry therefore there were some typing mistakes but it was our confidence that market will certainly move down today therefore we sent 2 Put Option buying SMS in last 5 minutes and bought Put options near the lowest rates of the day.

Live Proofs of Put options buying near the lowest rates of the day

We always send same SMS through 2 websites and SMS pictures from both sites are as follows If unable to read SMS then just save SMS picture on yours computer and read SMS through enlarging of Picture.:-

1st Website:-

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

2nd Website-

If unable to read  text in above picture then:-

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

2- Save picture on yours desktop.

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

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

1- Numbers of sent SMS.

2- SMS sending Website name.

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.

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

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

Just click on chart for its enlarged view

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.