Mid-session Outlook-2(20-08-2013)

Following lines were told yesterday in Technical Analysis and Market Outlook(20-08-2013

1- Consolidation at lower levels between 5360-5400 
2- some up moves can not be ruled out tomorrow

As Indian Rupee weakened more than 2% between yesterday closing and today opening of Indian markets therefore Nifty crashed more than 100 points within first 2 minutes today but more than 100 points recovery from lower levels and last more than 3 hours trading within above mentioned Consolidation range(5360-5400)

Some up moves possibility was told yesterday and it was seen also today through more than 100 points lower levels recovery and now Nifty is preparing for next moves between 5360-5400. View is finally Bearish and high volatility is a nature of Bearish markets therefore lower levels recovery seen today and more Short Term up moves can not be ruled out also because no selling signals seen yet. 

Follow up moves within 5360-5400 and finally sustaining it beyond will be next Short Term Trend confirmations and should be firstly watched now.

Mid-session Outlook(20-08-2013)

As lower levels consolidations between 6360-5400 yesterday therefore good recovery from lower levels and trading between this range despite most depressing sentiment today morning due to crashing of Indian Rupee in last 2 hours. 

Although view is Bearish but Short Term Indicators are oversold therefore sustaining beyond 6360-5400 should be firstly watched for next very Short Term Trend confirmations.

Post-open Outlook(20-08-2013)

Indian Rupee further weakened by more than 1% today therefore sentiment turned mosted depressed because Indian Rupee traded more than more than 1% weak after the closing of Indian markets yesterday also and resultant huge gap down opening again today. Following line was told in Huge Bearish Pattern formation in last 11 months:- 

Most Bearish huge Head and Shoulders patterns formation developed in last 11 Months and its neckline is at 5477.20 which is between next gap support(5447-5526). As all trends are down and such huge Bearish pattern neckline broken down also therefore high possibility of sustaining below gap support lowest(5447). 

As we don't want to create panic through updating next expected levels after sustaining below 5447 therefore only giving next following support levels upto 4779:-

1- 5210-5270
2- 5075-5140
3- 4779-4880

Pre-open Outlook(20-08-2013)

Although Indian markets showed consolidations patterns formations yesterday but Indian Rupee weakened more than 1% after the closing of Indian markets yesterday therefore its reaction will be seen in the beginning of today market through weak opening.  

Expected that Nifty will firsly trade and prepare for next moves near about yesterday trading range(5360-5465),follow up moves and sustaining beyond this range will pave the way of next;-

1-Short Term up trend after sustaining above 5465.
2-Correction continuation after sustaining below 5360 and its possibility is high because all trends are down as well as sentiment is weak today morning due to Indian Rupee trading at all time low and US market weak closing yesterday.

Technical Analysis and Market Outlook(20-08-2013

Nifty-Intra Day Chart (19-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation at lower levels between 5360-5400 
3- Whole day actual trading between 5360-5465

Conclusions from intra day chart analysis

Although Gap down opening was not seen but almost 45 points down moves within first 5 seconds. As whole day down moves in Bullish Falling Channel and consolidation seen at lower levels also therefor some up moves can not be ruled out tomorrow after 281 points sharp down moves in last 2 sessions.

Expected that Nifty will firsly trade and prepare for next moves between today trading range(5360-5465),follow up moves and sustaining beyond this range will pave the way of next;-

1-Short Term up trend after sustaining above 5465
2-Short Term down trend after sustaining below 5360

Huge Bearish Pattern formation in last 11 months 

Technical Analysis,Research & Weekly Outlook

(Aug 19 to Aug 23,2013)

Nifty-EOD Chart (16-Aug-2013):-

Just click on chart for its enlarged view

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(5566.25 on 24-06-2013)
8- Wave-B(6093.35 on 23-07-2013)
9- Wave-C continuation with bottom formation at 5486.85 on 07-08-2013
10 Pull Back Rally termination and bottom formation at 5496.05 on 16-08-2013.

Waves Structure of 'ABC' Correction

Nifty-EOD Chart (16-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-4(5477.20 on 10-04-2012)
2- Wave-5(6229.45 on 20-05-2013) and 'ABC' correction continuation.
3- Wave-A(5566.25 on 24-06-2013)
4- Wave-B(6093.35 on 23-07-2013)
5- Wave-C continuation with bottom formation at 5486.85 on 07-08-2013
6- Pull Back Rally top formation at 5754.55 on 14-08-2013. 
10 Pull Back Rally termination and bottom formation at 5496.05 on 16-08-2013.

11 Months huge most Bearish Head and Shoulders patterns formation from 14-09-2012 to 16-08-2013

Nifty-EOD Chart (16-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 11 Months huge Head and Shoulders patterns formation
2- Neckline at 5477.20
3- Long Term Trend turning down confirmations through Nifty sustaining below Long Term Trend decider 200-Day EMA(today at 5776)

Nifty-Intra Day Chart (Aug 13 to Aug 16,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 3 Sessions intraday charts

1- Up moves in Bearish Rising Channel on 13 and 14 Aug 2013.
2- 2 Days up moves reversed in 1 hour on 14 Aug 2013 
3- Follow up selling after 1st hour huge fall
3- 3 Sessions actual trading between. 

Conclusions from 3 Sessions intra day chart analysis 

Although strong up moves on 13 and 14 Aug 2013 but in Bearish Rising Channel therefore we told:-

1- In Technical Analysis and Market Outlook(14-08-2013):- 

Nifty will not be able to cross next resistance range(5740-5765) and fresh down moves will begin after development of follow up selling in the coming sessions.

2-In Technical Analysis and Market Outlook(16-08-2013):-

1- Bearish Rising Channels therefore high possibility of today trading range breaking down
2-once sustaining below today lowest(5690) will mean termination of on going Pull Back Rally 

As 2 sessions up moves were in Bearish Rising Channel therefore Nifty whole 2 sessions up moves become zero in first hour and Nifty formed 5578 at 10:11 AM on 16-08-2013. As was told in both above mentioned previous sessions same happened and down moves begun after development of follow up selling as well as Nifty reversed from 5754 and could not cross 5765.

Follow up selling was also seen after 1st hour sharp fall on 16-08-2013 therefore intraday charts of last Friday are suggesting more down moves in the coming sessions.

Conclusions (After Putting All Indicators Together)

All trends turned down after huge fall on 16-08-2013 and Indian markets are in Bear phase. Correction of whole rally between 4531.15-6229.45 was told many times in previous Weekly Analysis and it is being continuously seen. just click Weekly Outlook for:-

1- Retracement levels whole rally between 4531.15-6229.45
2- Detailed analysis of Waves structure.

Most Bearish huge Head and Shoulders patterns formation developed in last 11 Months and its neckline is at 5477.20 which is between next gap support(5447-5526). As all trends are down and such huge Bearish pattern neckline broken down also therefore high possibility of sustaining below gap support lowest(5447). 

As we don't want to create panic through updating next expected levels after sustaining below 5447 therefore only giving next following support levels upto 4779:-

1- 5210-5270
2- 5075-5140
3- 4779-4880

It is confirm that Indian markets are in Bear phase and Economic Outlook is also gloomy in the next months as well as political uncertainty can not be ruled out after next General Elections therefore Indian markets will remain in the grip of Bears. Pull Back and Relief rallies will be seen after regular intervals after intraday or 1/2 day consolidations but until complete consolidation will not complete on Intraday,EOD and Weekly charts till then Long Term Trend will not reverse.

Bear Market Trading Strategy

Mouth water lower levels of good stocks nowadays but it should also be kept in mind that Stocks levels remain different in Bull and Bear markets and present levels are Bear markets rates and may be more down also after Bear markets deepening. "Buying in falling markets is like catching Falling Knief resultant one's hand full of one's own Blood" therefore just wait before any investment and get confirmation of bottom formation as well as consolidation completion on Daily charts. Firstly buying should be done for Short or Intermediate Term and should be converted into Long Term only after stock sustaining above Long Term decider 200 Day EMA otherwise must be squared up.  

Bounce Back or Pull Back Rallies may be seen any day after lower levels intraday supports and 2/3 hours consolidations because Bear Markets remains highly volatile therefore both side(up and down) trading opportunities will be seen in good amount.

Analysis of "last 11 months huge Bearish Pattern" with Detailed Weekly Analysis of EOD/Intraday Charts will be updated during trading hours today

As follow up selling was also seen after 1st hour sharp fall on 16-08-2013 therefore intraday charts of last Friday are suggesting more down moves in the coming sessions.

Live Proofs of our Bearish Views and Trading Calls on 14-08-2013 before 4% Crash of Indian Stock Markets 

When Indian markets were trading with good gains and experts in leading Hindi Business news channel were telling for Nifty target at 5850 on 14-08-2013 then at that time also we were Bearish and gave following call to our paid clients:-

NIFTY-Aug Put Option(5600)-Buy-Positional-SL-19-TGT-94-CMP-39(Lalit39)

When Indian markets were trading at the highest of the day then also we were expecting down moves on 16-08-2013 therefore sent following SMS to our paid clients at 03:21 PM on 14-08-2013 :-

NIFTY-Aug PE(5600)-Bought on 14-08-2013-Just hold and carry over to 16-08-2013(Lalit39)

As we always talk with those proofs which no one can deny therefore updating following picture of above SMS sent to our paid clients:-

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

Miraculous Bearish Prediction of Nifty on 13-08-2013 only in this Blog

Who told in whole India that:-

Nifty will not be able to cross next resistance range(5740-5765) and fresh down moves will begin after development of follow up selling in the coming sessions.

Only we told above line at 10:35:00 PM on 13-08-2013 and Nifty could not cross 5765 as well as reversed after formation the high at 5754.55 on 14-08-2013. Just click following topic link and verify above 100% accurate prediction on yours own.

Technical Analysis and Market Outlook(14-08-2013)

Just click following topic links also for more proofs of our previous Bearish Outlooks:-

1- Technical Analysis and Market Outlook(16-08-2013)
2- Mid-session Outlook(14-08-2013)

If unable to read  text in above SMS 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 SMS 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.

As busy therefore Mid-session Outlooks were not updated yesterday. Next Outlooks and next week levels will be posted very shortly.

Technical Analysis and Market Outlook(16-08-2013)

Nifty-Intra Day Chart (14-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling at higher levels
2- Lower levels supports.
3- Up moves in Bearish Rising Channels.
3- Whole day actual trading between 5690-5794

Conclusions from intra day chart analysis 

Although whole day up moves after lower levels supports and closing near the higher levels of the day but up moves in Bearish Rising Channels and higher levels selling patterns formations also therefore valid break out of today trading range(5690-5794) should be firstly watched in the coming sessions. As both higher levels selling and up moves in Bearish Rising Channels therefore high possibility of today trading range breaking down and once sustaining below today lowest(5690) will mean termination of on going Pull Back Rally because Bearish patterns were seen on 13-08-2013 also through Whole day up moves in Bearish Rising Channel.  

Happy Independence Day

Mid-session Outlook(14-08-2013)

Pull Back Rally continuation and most time positive market today but intraday charts are showing selling indications today. As some supports also seen at lower levels therefore sustaining below today lowest(5690) should be watched for on going rally termination confirmations. 

Technical Analysis and Market Outlook(14-08-2013)

Nifty-EOD Chart (13-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-5(6229.45 on 20-05-2013) and 'ABC' correction continuation.
2- Wave-A(5566.25 on 24-06-2013)
3- Wave-B(6093.35 on 23-07-2013)
4- Wave-C(5486.85 on 07-08-2013)
5- Long Term Trend turning down confirmations through Nifty sustaining below Long Term Trend decider 200-Day EMA(today at 5779)
6- Pull Back Rally continuation and its recent high formations at 5704.75 on 13-08-2013

Conclusions from EOD chart analysis 

Pull Back Rally continuation after Wave-C completion at 5486.85 and its recent high formations at 5704.75 today.  Retracement levels of Wave-C are as follows and these levels will decide the length of on going Pull back rally:-

23.6%- 5629
38.2%- 5717
50.0%- 5789
61.8%- 5861
76.4%- 5949

Next resistances are as follows:-

1-5680-5720
2-5740-5765

Nifty-Intra Day Chart (13-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day continuous slow up moves in Bearish Rising Channel. 
2- Whole day actual trading between 5601-5704

Conclusions from intra day chart analysis 

As Pull Back Rally continuation and whole day continuous slow up moves in Bearish Rising Channel therefore sustaining above today higher levels is firstly required for on going rally further continuation confirmations.

Conclusions (After Putting All Indicators Together)

Long and Intermediate Term Trends are down and Short Term Trend turned up after Pull Back Rally continuation. 38.2%(5717) Retracement has been almost completed after rally top formation at 5704.75 today. 50.0% Retracement level is at 5789 and following crucial levels are near about it:-

1- Long Term Trend decider 200-Day EMA(today at 5779)
2- Next resistance range 5740-5765

At present only Pull Back Rally is being considered and being expected that it will fuse between 5704-5789 because resistances at higher levels and today up moves were strong Global cues led as well as whole day up moves were in Bearish Rising Channel today.  

As sentiment turned strong therefore some up moves can not be ruled out but expected that Nifty will not be able to cross next resistance range(5740-5765) and fresh down moves will begin after development of follow up selling in the coming sessions.

Pre-Closing Outlook(13-08-2013)

Strong rally in Global markets today through:-

1- Most Asian markets closing near the highest of  the day.
2- 4 Asian markets closing between 1.05% up to 2.57% up.
3- Dow's Futures is positive since opening and more than 60 points for the last 1 hour.
4- All rhe European markets are up from 0.41% to 0.85%

Sentiment boosted and resultant Indian markets participation in Global markets party today. Next resistances are as follows:-

1-5680-5720
2-5740-5765

Nifty is trading between 1st resistance range and sustaining above both above resistance ranges will be watched for reconsideration of Long Term trend through sustaining beyond 200-Day EMA(today at 5780) 

Mid-session Outlook(13-08-2013)

Sentiment was most depressed today morning due to following reasons:-

1- Below expectation ONGC and SBI quarterly results yesterday.
2- Indian Rupee weakened 33 Paise within first 12 minutes ie 09:12 AM(before the opening of Indian Stock markets).
3- Most disappointing IIP numbers after the closing of Indian markets yesterday.

As US and European markets closed flat after good recovery from lower levels yesterday and all the Asian markets were positive as well as some Asian markets were trading with very good gains therefore strong recovery from lower levels was seen today. Certainly surprising rally today after ignoring most negative local cues and now Nifty is trading just below next resistance range(5680-5720),now sustaining beyond this range should be watched for next Intermediate Term Trend confirmations. 

Technical Analysis and Market Outlook(13-08-2013)

Nifty-Intra Day Chart (12-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1-Support between 5557-5571
2-More than 4 hours Up moves in Broadening pattern. 
3-Selling between 5620-5644
4-Broadening pattern broken down
5- Whole day actual trading between 5557-5644 

Conclusions from intra day chart analysis 

Following lines were told yesterday in Technical Analysis,Research & Weekly Outlook(Aug 12 to Aug 16,2013):-

indicators are oversold therefore Pull Back Rally/Short Term up moves possibility can not be ruled out. As some supports were also seen at lower levels in last 2 sessions of previous week therefore its possibility is still alive.

Pull Back Rally seen in Broadening pattern after lower levels supports but Broadening pattern broken down after higher levels good selling and emergence of last Wednesday started Pull Back Rally termination possibility. As higher levels good selling therefore next up move will not be considered until Nifty will not sustain above today highest(5644.10)

Next resistance range is between 5680-5720 and intraday selling seen below it today,follow up selling tomorrow and slipping below today lowest(5557) will mean will mean high possibility of on going correction continuation after completion of Pull Back Rally today because higher levels some selling was seen in last 2 sessions of previous week also.

Mid-session Outlook-2(12-08-2013)

Emergence of selling signals in last 1 hour intraday charts and next up move will not be considered until Nifty will not sustain above today highest(5644.10)

Mid-session Outlook(12-08-2013)

Following lines were told yesterday in Technical Analysis,Research & Weekly Outlook(Aug 12 to Aug 16,2013):-

1-indicators are oversold therefore Pull Back Rally/Short Term up moves possibility can not be ruled out. As some supports were also seen at lower levels in last 2 sessions of previous week therefore its possibility is still alive.

2-valid break out of last 2 sessions trading range(5486-5577) should be firstly watched in next week for next Short Term Trend trend confirmations

Pull Back Rally continuation after valid break out above 5577 and  sustaining beyond next resistance range(5680-5720) will be watched now for its completion/continuation.

Post-open Outlook-2(12-08-2013)

Indian Rupee is highly volatile today and resultant Indian markets are also highly volatile since opening today. Although finally down moves are expected but sustaining beyond 5577 should be firstly watched today for next Short term trend confirmations.

Post-open Outlook(12-08-2013)

Some up moves were seen immediately after gap up opening today but could not sustain at higher levels and slipped below 5577 because Selling was seen at higher levels on 08-08-2013. Firstly sustaining beyond 5577 should be should be watched today for next Short term trend confirmations and high possibility of sustaining below 5577.

Technical Analysis,Research & Weekly Outlook(Aug 12 to Aug 16,2013)

Nifty-EOD Chart (08-Aug-2013):-

Just click on chart for its enlarged view

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(5566.25 on 24-06-2013)
8- Wave-B(6093.35 on 23-07-2013)
9- Wave-C continuation with bottom formation at 5486.85 on 07-08-2013
10 Long Term Trend turning down confirmations through Nifty sustaining below Long Term Trend decider 200-Day EMA(today at 5782)

Nifty-Intra Day Chart (Aug 07 & Aug 08,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Lower levels supports and consolidation patterns formations on 07-08-2013
2- Selling at higher levels on 07-08-2013
3- Last half hour down moves in Bullish Falling Channel.
4- Whole day up moves in Bearish Rising channel on 08-08-2013. 
5- Selling at higher levels on 08-08-2013
3- 2 Sessions actual trading between 5486-5577 

Conclusions from 2 Sessions intra day chart analysis 

Short Term up moves but with complete mixed patterns formations in last 2 Sessions because lower levels supports and higher levels selling as well as both bullish and bearish patterns formations also therefore valid break out of last 2 sessions trading range(5486-5577) should be firstly watched in next week for next Short Term Trend trend confirmations.

Conclusions (After Putting All Indicators Together)

Whole waves structure from  20-12-2011 with following conclusive lines were updated on 04-08-2013 in Technical Analysis,Research & Weekly Outlook(Aug 05 to Aug 08,2013):-

1- Indian markets are on the verge entering into Bear phase through confirmation of sustaining below  Long Term Trend decider 200-Day EMA(today at 5790).
2- Firstly some up moves in the beginning of next week and finally down moves are expected because Wave-c continuation.

As was told on 04-08-2013 same happened and Nifty slipped 191 points in previous week and weekly closing was 112 points down as well as confirmation of Indian markets entering into Bear phase.

When previous closing of Nifty was at 5886.20 on 26-07-2013 then following line was told on 29-07-2013 in Last hope for Bulls at 5792

As 'ABC' correction begun after 5 waves of Bullish market completion at 6229.45 on 20-05-2013 therefore correction of whole up moves will be seen which started from 4531.15 on 20-12-2011.

Correction of whole rally between 4531.15-6229.45 was told 2 weeks before and that was seen also with bottom formation at 5486.85 on 07-08-2013.

As correction of whole rally between 4531.15-6229.45 was expected therefore following retracement levels were updated on 31-07-2013 in Technical Analysis and Market Outlook(31-07-2013):-

13.0%-6008
23.6%-5828
27.0%-5770
38.2%-5580
50.0%-5380
61.8%-5179
70.7%-5028
76.4%-4931
78.6%-4894
88.6%-4724

Next supports are as follows:-

1- Gap support between 5447.45-5526.95
2- 5210-5270
3- 5075-5140
4- 4779-4880

Corrective Wave-c continuation and all trends are down but indicators are oversold therefore Pull Back Rally/Short Term up moves possibility can not be ruled out. As some supports were also seen at lower levels in last 2 sessions of previous week therefore its possibility is still alive and complete selling patterns are required for sustaining below the lowest(5486.85) of on going correction. Although some selling was also seen  in last 2 sessions of previous week but not sufficient and more selling is required for decisive down moves.

valid break out of last 2 sessions trading range(5486-5577) should be firstly watched in next week for next Short Term Trend trend confirmations and expected that finally correction will remain continued below 5486.85. Let market get support and complete consolidation develop on daily charts minimum then trend reversal will be considered and will be updated in the same manner as being done for the last more than 3 years.