Although possibility of down moves below 5835 was told yesterday and now Nifty is trading below it also after formation of lowest at 5815.80 but sustaining below 5835 should be firstly watched tomorrow for decisive down moves confirmations because as such selling patterns not seen today.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(12-09-2013)
Although most time negative zone trading today but as such selling not seen and some supports also seen at lower levels therefore mixed patterns formations today and yesterday between 5835-5924,follow up moves in the coming hours and finally valid break out of 5835-5924 will be firstly watched now for next immediate moves confirmations.
Post-open Outlook(12-09-2013)
Nifty started to trade in Red immediately after opening today but we told following lines for down moves yesterday in both previous Outlooks:-
1- In Pre-closing Report(11-09-2013):-As more selling formations today therefore correction beginning possibilities turned alive today.
2- In Energence of Correction Possibility:- As more selling seen at higher levels today therefore more possibility of down moves below 5835 in the coming sessions.
Although possibility of down moves below 5835 was also told but follow up selling is also must therefore firstly Follow up technical positions formations in the coming hours and finally valid break out of 5835-5924 should be watched in the coming sessions for next immediate moves confirmations because minor support also seen at lower levels today.
1- In Pre-closing Report(11-09-2013):-As more selling formations today therefore correction beginning possibilities turned alive today.
2- In Energence of Correction Possibility:- As more selling seen at higher levels today therefore more possibility of down moves below 5835 in the coming sessions.
Although possibility of down moves below 5835 was also told but follow up selling is also must therefore firstly Follow up technical positions formations in the coming hours and finally valid break out of 5835-5924 should be watched in the coming sessions for next immediate moves confirmations because minor support also seen at lower levels today.
Emergence of Correction Possibility
Technical Analysis and Market Outlook(12-09-2013)
Nifty-Intra Day Chart (11-Sep-2013):-
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1- Selling between 5878-5924
2- Support between 5835-5860
3- Whole day actual trading between 5835-5924
Conclusions from intra day chart analysis
Range bound trading today between 5835-5924 with higher levels selling and lower levels supports therefore possibility of firstly trading between today trading range(5835-5924) but more selling seen therefore emergence of correction beginning possibilities turned alive today. As selling is not sufficient today therefore more selling is required because complete selling is required for decisive down moves after 805 points strong rally in last 10 sessions.
Follow up moves near about today trading range and finally sustaining beyond 5835-5924 should be watched in the coming sessions for next immediate moves confirmations. As more selling seen at higher levels today therefore more possibility of down moves below 5835 in the coming sessions.
Pre-closing Report(11-09-2013)
Range bound trading today between 5836-5924 with selling indications but not sufficient and more selling is required because complete selling is required for decisive down moves after 794 points strong rally in 9 sessions. Nifty is trading near the higher levels of today and some supports also seen at higher levels therefore firstly sustaining beyond 5836-5924 should be watched for next immediate moves confirmations. As more selling formations today therefore correction beginning possibilities turned alive today.
Mid-session Outlook(11-09-2013)
Nifty forcefully crossed Long Term Trend decider 200 Day EMA(today at 5731) yesterday and most time negative zone trading today after 594 points rally in 5 sessions therefore today trading will be understood only technical correction. As indicators are overbought therefore 1/2 sessions intraday correction is very much possible and being seen today but It is confirm that complete selling patterns are required for sustaining below 5731.
Nifty traded 3%(5902) above of 200 Day EMA(today at 5731) which is confirmation level of Long Term Trend turning up and firstly sustaining beyond 5902 should be watched in the coming 2/3 sessions for:-
1- 100% Confirmaton of all trends turning up above 5902 or
2- 1st Indication of again decisive down moves below 5902 but confirmation will be after sustaining below 5731.
Nifty traded 3%(5902) above of 200 Day EMA(today at 5731) which is confirmation level of Long Term Trend turning up and firstly sustaining beyond 5902 should be watched in the coming 2/3 sessions for:-
1- 100% Confirmaton of all trends turning up above 5902 or
2- 1st Indication of again decisive down moves below 5902 but confirmation will be after sustaining below 5731.
Technical Analysis and Market Outlook(06-09-2013)
Nifty-Intra Day Chart (05-Sep-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts
1- Bullish Falling Channel formations
2- Whole day actual trading between 5554-5611
Conclusions from intra day chart analysis
Whole day trading at more than 2% upward levels with Bullish Falling Channel formations therefore technically signal of up moves continuation. As such higher levels trading were on the back of most Bullish and much awaited Pension Bill passing news therefore next trend confirmations is also required through sustaining beyond 5554-5611 because Nifty traded whole day within this range today amid Bullish sentiments.
Technical Patterns and Formations in today intraday charts
1- Bullish Falling Channel formations
2- Whole day actual trading between 5554-5611
Conclusions from intra day chart analysis
Whole day trading at more than 2% upward levels with Bullish Falling Channel formations therefore technically signal of up moves continuation. As such higher levels trading were on the back of most Bullish and much awaited Pension Bill passing news therefore next trend confirmations is also required through sustaining beyond 5554-5611 because Nifty traded whole day within this range today amid Bullish sentiments.
Post-open Outlook(05-09-2013)
As much awaited Pension Bill passed in Lok Sabha yesterday therefore huge gap up opening and slipping below next trend decider 5605 after high formation at 5625.75. Most fluctuating news led highly volatile all Global financial markets nowadays and sustaining beyond 5605 should be firstly watched now for Intermediate Term Trend turning up confirmations.
Next Trend decider at 5605 after passing of Pension Bill in Lok Sabha
Nifty-Intra Day Chart (04-Sep-2013):- |
| Just click on chart for its enlarged view |
1- Consolidation between 5376-5420
3- Whole day actual trading between 5376-5460
Conclusions from intra day chart analysis
Good consolidation at lower levels of the day and closing near the highs of the day after strong opening yesterday therefore positive market is expected today. It should be kept in mind that all the financial markets are highly volatile nowadays due to uncertainty on Syria issue. Its few examples are as follows:-
1- Gold increased Rs 1800/- on 2nd and 3rd Sep but down Rs 1803/- yesterday.
2- Gold increased almost Rs 4000/- on 2nd and 3rd Sep but down Rs 4120/- yesterday.
3- Crude increased Rs 490/- on 2nd and 3rd Sep but down Rs 366/- yesterday.
4- Copper increased Rs 25/- on 2nd and 3rd Sep but down Rs25.95/- yesterday.
5- Nickel increased Rs 30/- on 2nd and 3rd Sep but down Rs36.20 yesterday.
6- Aluminium increased Rs 4.95 on 2nd and 3rd Sep but down Rs6.25 yesterday.
7- USDINR increased Rs 2.05 on 2nd and 3rd Sep but down Rs .60 yesterday after slipping Rs 1.50 from intraday higher levels.
As Global and local news led high volatility therefore cautious view is required.
Most Asian markets are trading with good gains after positive closing in US markets yesterday therefore sentiment boosted today morning and gap up opening will be seen in Indian markets. As Land Acquisition Bill passed in Rajya sabha and Lok Sabha clears pension bill(foreign investors can hold 26% stake) yesterday therefore sentiment is most strong in Indian markets and expected that good gains will be seen in Indian markets. Next Resistances are as follows:-
1- 5490-5528
2- 5530-5605
As most Bullish sentiment because Congress and BJP joined hands to pass much awaited Pension Bill in Lok Sabha therefore now sustaining beyond 5605 should be watched in the coming sessions for next big trend confirmations.
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Live Proofs 100% Accurate predictions of Indian Markets
Although Indian Rupee is more than 1.25% weak but SENSEX is 160 and Nifty is 49 points UP as well as proved 100% Accurate predictions our following prediction which was updated yesterday in Technical Analysis and Market Outlook(04-09-2013):-
intraday bounce from intraday lower levels is possible tomorrow
Not only yesterday but 'Archive' with 'more than 6500 posts' at the bottom of Blog' is live proof of "many hundreds" such accurate and miraculous predictions in last 4 years. Anyone can verify this facts anytime from the Blog 'Archive'.
Not only yesterday but 'Archive' with 'more than 6500 posts' at the bottom of Blog' is live proof of "many hundreds" such accurate and miraculous predictions in last 4 years. Anyone can verify this facts anytime from the Blog 'Archive'.
Live Proofs 100% Accurate predictions of Asian Markets From Intraday Charts
Following lines were told yesterday in Technical Analysis and Market Outlook(04-09-2013):-
1- Asian markets intraday charts are showing selling patterns formations today
2- expected that most Asian markets will be weak tomorrow morning
As was told 100% same happened and all the Asian markets are trading in Red after Gap down opening:-
1- Japan 225- 104 Points down
2- Hang Sen 40(Hongkong)- 207 Points down
3- KOSPI(Koria) 5.2 Points down
4- TWII(Taiwan)- 21 Points down
5- STI(Singapur)- 28 Points down
We guarantee that such exact analysis and accurate predictions of Nifty will not be available in any other website and Business news channel in whole India
Technical Analysis and Market Outlook(04-09-2013)
Nifty-Intra Day Chart (03-Sep-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5484-5520
2- Minor supports between 5398-5410.
3- Last hour fall after the news of US Missile attack on Syria
3- Whole day actual trading between 5323-5560
All previous Outlooks are live proofs of this fact that we updated only Bearish views and resultant huge fall seen in Indian markets today despite strong up moves in Asian markets. Continuous higher levels selling and minor support was seen but sharp fall in last hour after the news of US Missile attack on Syria which proved false after market hours.
Although most Asian markets closed in Green and some closed with good gains today but Asian markets intraday charts are showing selling patterns formations today therefore expected that most Asian markets will be weak tomorrow morning and sentiment may be depressed tomorrow morning therefore weak opening can not be ruled out in Indian markets. As hourly indicators are oversold and Missile attack news led weaker hands selling can not be ruled out in last hour therefore intraday bounce from intraday lower levels is possible tomorrow but expected that Nifty will not be able to sustain above next resistance range(5484-5520)
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| Just click on chart for its enlarged view |
1- Selling between 5484-5520
2- Minor supports between 5398-5410.
3- Last hour fall after the news of US Missile attack on Syria
3- Whole day actual trading between 5323-5560
Conclusions from intra day chart analysis
All previous Outlooks are live proofs of this fact that we updated only Bearish views and resultant huge fall seen in Indian markets today despite strong up moves in Asian markets. Continuous higher levels selling and minor support was seen but sharp fall in last hour after the news of US Missile attack on Syria which proved false after market hours.
Although most Asian markets closed in Green and some closed with good gains today but Asian markets intraday charts are showing selling patterns formations today therefore expected that most Asian markets will be weak tomorrow morning and sentiment may be depressed tomorrow morning therefore weak opening can not be ruled out in Indian markets. As hourly indicators are oversold and Missile attack news led weaker hands selling can not be ruled out in last hour therefore intraday bounce from intraday lower levels is possible tomorrow but expected that Nifty will not be able to sustain above next resistance range(5484-5520)
Mid-session Outlook-2 (03-09-2013)
Whole day down moves but minor supports at lower levels between 5398-5410 therefore some up moves can not be ruled out but expected that will not be able to sustain above next resistance range(5484-5510).
Mid-session Outlook(03-09-2013)
Following conclusive lines were told yesterday in Technical Analysis and Market Outlook(03-09-2013):-
1- expected that fresh down moves will begin after follow up selling in the coming 1/2 sessions.
2- sustaining below 5490 will mean fresh down moves after completion of ongoing rally
Fresh down moves seen immediately after opening and Nifty slipped 97 points from higher levels as well as traded more than 1% down within first 50 minutes despite most Asian were in Green and some were more than 1% up. Nifty is trading between 5483-5510 for the last 1 hour and sustaining below 5490 should be firstly watched now because that will be strong indication of Pull Back Rally completion.
1- expected that fresh down moves will begin after follow up selling in the coming 1/2 sessions.
2- sustaining below 5490 will mean fresh down moves after completion of ongoing rally
Fresh down moves seen immediately after opening and Nifty slipped 97 points from higher levels as well as traded more than 1% down within first 50 minutes despite most Asian were in Green and some were more than 1% up. Nifty is trading between 5483-5510 for the last 1 hour and sustaining below 5490 should be firstly watched now because that will be strong indication of Pull Back Rally completion.
Technical Analysis and Market Outlook(03-09-2013)
Nifty-Intra Day Chart (02-Sep-2013):-
Technical Patterns and Formations in today intraday charts
1- Support between 5500-5530
2- Mixed patterns between 5527-5564
3- Whole day actual trading between 5490-5564
Sentiment sparked today morning after delaying of US Attack on Syria news and Dow's Futures trading more than 80 points up therefore most Asian markets traded and closed strong as well as gap up opening in European markets resultant whole day positive zone trading and closing with good gains in Indian markets today.
Firstly lower levels support between 5500-5530 but last 3 hours trading with mixed patterns between 5527-5564 therefore firstly follow up moves and after that valid break out of this range should be watched tomorrow for next immediate moves confirmations. Next resistance range was between 5530-5605 and Nifty traded between this range today but more strong resistances are within this range are between 5580-5605 therefore complete consolidation is required for decisive strong up moves after Intermediate Term Trend turning into up zone above 5605.
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| Just click on chart for its enlarged view |
1- Support between 5500-5530
2- Mixed patterns between 5527-5564
3- Whole day actual trading between 5490-5564
Conclusions from intra day chart analysis
Sentiment sparked today morning after delaying of US Attack on Syria news and Dow's Futures trading more than 80 points up therefore most Asian markets traded and closed strong as well as gap up opening in European markets resultant whole day positive zone trading and closing with good gains in Indian markets today.
Firstly lower levels support between 5500-5530 but last 3 hours trading with mixed patterns between 5527-5564 therefore firstly follow up moves and after that valid break out of this range should be watched tomorrow for next immediate moves confirmations. Next resistance range was between 5530-5605 and Nifty traded between this range today but more strong resistances are within this range are between 5580-5605 therefore complete consolidation is required for decisive strong up moves after Intermediate Term Trend turning into up zone above 5605.
As mixed trading patterns in last 3 hours therefore follow up selling and sustaining below 5490 will mean fresh down moves after completion of ongoing rally and expected that fresh down moves will begin after follow up selling in the coming 1/2 sessions.
Mid-session Outlook(02-09-2013)
As US Attack on Syria delayed therefore all the Asian markets are trading strong since opening today and Dow's Futures is also more than 80 points up since today morning. Resultant sentiment improved and Indian markets are more than 1.5% up and now trading within resistance range(5530-5605). Short Term Trend is up and Intermediate term will be up after sustaining above 5605.
Good consolidation at lower levels today but any decisive rally will be considered only after sustaining above 5605.
Good consolidation at lower levels today but any decisive rally will be considered only after sustaining above 5605.
Range Bound week ahead before next Big Trend
Technical Analysis,Research & Weekly Outlook
(Sep 02 to Sep 06,2013)
Nifty-EOD Chart (30-Aug-2013):-
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| Just click on chart for its enlarged view |
1- Wave-5 completion at 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 bottom formation at 5118.85 on 28-08-2013
5- Pull Back Rally recent top formation at 5493.20 on 30-08-2013.
Conclusions from EOD chart analysis
As correction started after Wave-5 completion at 6229.45 therefore correction possibility of whole rally between 4531.15-6229.45 with its retracement levels were updated on 31-07-2013 in Technical Analysis and Market Outlook(31-07-2013) and its 61.8%(5179) retracement has been completed after bottom formation at 5118.85 on 28-08-2013. 'ABC' correction is on and now Pull Back Rally continuation after Wave-C bottom formation at 5118.85 therefore following retracement levels of its whole Wave-C down moves(6093-5118) should be firstly watched:-
23.6%-5348(retracement completed)
38.2%-5490(retracement completed)
50.0%-5605
61.8%-5720
76.4%-5862
38.2% retracement of on going Pull Back Rally has been completed after top formation at 5493.20 on 30-08-2013. More than 4% crash was seen on 16-08-2013 and after that Nifty traded most time between 5118-5605 in last 11 sessions therefore firstly technical positions of last 11 trading sessions should be understood for deciding next trend:-
Nifty-Intra Day Chart (Aug 16 to Aug 30,20133):-
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1- Selling between 5530-5605 on 16-08-2013
2- Selling between 5490-5528 on 26-08-2013
3- Selling between 5438-5466 on 30-08-2013
4- Consolidation between 5270-5325 on 22-08-2013
5- Consolidation between 5123-5200 on 28-08-2013
6- Lower tops and lower bottoms formations in last 11 sessions
Conclusions from 11 Sessions intra day chart analysis
Although supports at lower levels but good selling at higher levels with lower tops and lower bottoms formations in last 11 sessions therefore down moves are expected after follow up selling in the coming sessions.
Nifty-Intra Day Chart (30-Aug-2013):-
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1- Selling between 5438-5466.
2- Support between 5360-5390.
3- High intraday volatility.
3- Whole day actual trading between 5360-5493
Intra Day connection between Nifty andChart on 30-Aug-2013:-
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Firstly good selling at higher levels in more than 2 hours but lower levels some supports also seen. Although closing near higher levels of the day but whole day intraday moves of Nifty were directly effected by moves of Indian Rupee(USDINR) and in the last minutes also Nifty formed new intraday high after new intraday low formation by USDINR therefore new intraday high formation of Nifty will be understood only sentiments driven and Until Nifty will not sustain above the highest of day till then any decisive up move will not be considered.
Conclusions (After Putting All Indicators Together)
Following support levels upto 4779 were updated on 19-08-2013 in Huge Bearish Pattern formation in last 11 months:-
1- 5210-5270
2- 5075-5140
3- 4779-4880
Nifty got supports between 2nd support range at 5118.85 on 28-08-2013 and reversed as well as Pull Back Rally seen and its recent top formation at 5493.20 on 30-08-2013 but hurdles in the way of on going Pull Back Rally through following immediate resistances:-
1- 5490-5528
2- 5530-5605
Following Bullish formations also seen on Daily/Weekly charts and indicators:-
1- Bullish Hammer formation in last 2 weeks.
2- Weekly closing near the higher levels in last 2 weeks.
3- Last 2 weeks trading and closing near the lower Band of Daily and Weekly Bollonger Band.
4- Lower levels supports in last 11 sessions.
5- Daily oscillators are oversold and showing up moves indications
6- Weekly Stochastics has moved into oversold zone and showing up moves indications
More than 4% crash on 16-08-2013 and after that Nifty traded most time between 5118-5605 in last 11 sessions therefore final break out of this range will result next big moves. Although Daily oscillators are oversold and showing up moves indications but above mentioned good resistances are at higher levels also therefore more consolidation is required for any decisive up move. Expected that Nifty will firstly trade between 5118-5605 in the coming week/weeks and prepare for next trend. As weekly indicators are not oversold and weekly MACD have moved below Zero line as well as Daily indicators have not shown positive divergence yet therefore down move are expected within last 11 sessions range(5118-5605).
As huge Bearish pattern formation in last 11 months on Daily and Weekly charts therefore expected that finally down moves will be seen below 5118 after follow up selling in the coming sessions and weeks but next week will remain most time range bound between 5118-5605 and Indian markets will prepare for next big Trend because both lower levels supports and higher levels selling in last 11 sessions.
Live Proofs of 100% accurate Stock Market predictions
Following conclusive lines were told yesterday in Technical Analysis and Market Outlook(30-08-2013):-1- next strong resistance is between 5490-5528 and until Nifty will not sustain above 5528 till then any big up move will not be considered.
2- today started up moves continuation will be firstly seen tomorrow
3- high possibility of rally completion near about mentioned resistance range(5490-5528) in the coming 2/3 sessions.
Following conclusive lines were told today in Pre-open Outlook(30-08-2013):-
1- sustaining above 5400 will mean rally continuation toward next strong resistance range(5490-5528).
2- high possibility of rally completion in the coming 2/3 sessions and maximum up moves of on going rally are expected upto 5528
As was told 100% same happened and firstly up moves seen but could not touch mentioned strong resistance range(5490-5528) as well as sharp down moves seen from 5469.10
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