As good selling in first 3 sessions of the week therefore very short term correction and consolidation was due and it has been seen yesterday and today. Consolidation patterns formation seen yesterday and today therefore emergence of rally continuation hopes in next week.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Technical Analysis and Market Outlook(04-04-2014)
Nifty-Intra Day Chart (03-Apr-2014):-
Technical Patterns and Formations in today intraday charts
1- Down moves in Bullish Falling Channel
2- Fast up in last half hour.
3- Whole day actual trading between 6697-6776
As continuous higher levels selling in last 3 sessions therefore very short term correction possibility was required and it was seen through most time down moves in Bullish Falling Channel which is consolidation pattern. Good selling in last 3 sessions therefore some down moves can not be ruled out during consolidation process but expected that Nifty will trade and prepare for next trend between last 3 sessions range(6675-6764) and valid break out of this range will be next Short Term Trend confirmation.
 |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Fast up in last half hour.
3- Whole day actual trading between 6697-6776
Conclusions from intra day chart analysis
As continuous higher levels selling in last 3 sessions therefore very short term correction possibility was required and it was seen through most time down moves in Bullish Falling Channel which is consolidation pattern. Good selling in last 3 sessions therefore some down moves can not be ruled out during consolidation process but expected that Nifty will trade and prepare for next trend between last 3 sessions range(6675-6764) and valid break out of this range will be next Short Term Trend confirmation.
Pre-closing Outlook(03-04-2014)
As continuous higher levels selling in last 3 sessions therefore very short term correction possibility was told in most of the previous Outlooks and it is seen today through whole day continuous down moves since opening today. Although today down moves are in Bullish Falling Channel but some more down moves can not be ruled out and expected that Nifty will trade and prepare for next trend between last 3 sessions range(6675-6764) and valid break out of the range will be next Short Term Trend confirmation.
Mid-session Outlook(03-04-2014)
Although Nifty closed near the highest of the day yesterday but selling seen in last 3 sessions therefore we told following conclusive line yesterday in Technical Analysis and Market Outlook(03-04-2014):-
As was perceived same happened and Nifty could not sustain at higher levels and slipped immediately after positive opening and now .45% down. Both higher levels selling and lower levels consolidation seen in last 3 sessions therefore finally valid break out of last 3 sessions range(6675-6764) will be next immediate moves confirmations and should be firstly watched.
view is cautious and follow up moves with sustaining above today highest will also be firstly watched tomorrow for immediate up moves confirmations.
As was perceived same happened and Nifty could not sustain at higher levels and slipped immediately after positive opening and now .45% down. Both higher levels selling and lower levels consolidation seen in last 3 sessions therefore finally valid break out of last 3 sessions range(6675-6764) will be next immediate moves confirmations and should be firstly watched.
Technical Analysis and Market Outlook(03-04-2014)
Nifty-Intra Day Chart (02-Apr-2014):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6738-6751
2- Minor consolidation between 6724-5733
2- Upmoves in Bearish Rising Channel.
3- Whole day actual trading between 6724-6763
All trends are up and Indian markets are so highly Bullish that not stopping and not giving any correction despite good selling patterns formations in last 3 sessions. Although last hour up moves in Bearish Rising Channel but minor consolidation also seen above the highest of last 2 sessions therefore of further rally continuation possibility also.
 |
| Just click on chart for its enlarged view |
1- Selling between 6738-6751
2- Minor consolidation between 6724-5733
2- Upmoves in Bearish Rising Channel.
3- Whole day actual trading between 6724-6763
Conclusions from intra day chart analysis
All trends are up and Indian markets are so highly Bullish that not stopping and not giving any correction despite good selling patterns formations in last 3 sessions. Although last hour up moves in Bearish Rising Channel but minor consolidation also seen above the highest of last 2 sessions therefore of further rally continuation possibility also.
As both selling and consolidations seen in last 3 sessions therefore view is cautious and follow up moves with sustaining above today highest will also be firstly watched tomorrow for immediate up moves confirmations.
Pre-closing Outlook(02-04-2014)
Market is so highly bullish that not stopping and not giving any correction despite good selling patterns formations. As consolidation at higher levels in last hour therefore emergence of further rally continuation possibility.
Mid-session Outlook(02-04-2014)
Although positive Global cues and SGX Nifty was trading more than 50 points points up today morning but Indian markets completely under performed and Mar Fut. remained 4 to 25 points up today because selling seen at higher levels in last 2 sessions and consolidation was required for any decisive up moves above yesterday highest but selling patterns again seen today therefore very short term down moves are expected.
Technical Analysis and Market Outlook(02-04-2014)
Nifty-Intra Day Chart (01-Apr-2014):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6698-6715
3- Whole day actual trading between 6676-6732
As higher levels good selling with Hanging Man / Dragonfly Doji Candle(Daily) formation today therefore emergence of Very short term correction possibility because higher levels good selling was seen yesterday also. US markets are .55% to 1.50% up at this moment today and such strong Asian markets may result positive opening of Indian markets tomorrow but sustaining above the last 2 sessions highest(6732) should be watched tomorrow because good selling seen in last 2 sessions. Some lower levels supports also seen yesterday therefore sustaining below yesterday lowest(6663) will be little deeper down moves.
As Bull markets correct and consolidate at higher levels also therefore finally valid break out of 6663-6732 should be watched tomorrow for:-
1- Very short term correction below 6663 or
2- Rally continuation above 6732
 |
| Just click on chart for its enlarged view |
1- Selling between 6698-6715
3- Whole day actual trading between 6676-6732
Conclusions from intra day chart analysis
As higher levels good selling with Hanging Man / Dragonfly Doji Candle(Daily) formation today therefore emergence of Very short term correction possibility because higher levels good selling was seen yesterday also. US markets are .55% to 1.50% up at this moment today and such strong Asian markets may result positive opening of Indian markets tomorrow but sustaining above the last 2 sessions highest(6732) should be watched tomorrow because good selling seen in last 2 sessions. Some lower levels supports also seen yesterday therefore sustaining below yesterday lowest(6663) will be little deeper down moves.
As Bull markets correct and consolidate at higher levels also therefore finally valid break out of 6663-6732 should be watched tomorrow for:-
1- Very short term correction below 6663 or
2- Rally continuation above 6732
Mid-session Outlook(01-04-2014)
Following lines were told yesterday in Technical Analysis and Market Outlook(01-04-2014)
First 4 hours trading between 6676-6732 and most time trading between 6676-6710 today with higher levels again good selling and lower levels some buying also. As again mixed positions formations today therefore same view and valid break out of 6663-6730 should be firstly watched for next trend confirmation.
firstly fresh consolidation is required for any decisive up moves above today highest. Follow up moves and valid break out of today trading range(6663-6730) should be watched tomorrow
First 4 hours trading between 6676-6732 and most time trading between 6676-6710 today with higher levels again good selling and lower levels some buying also. As again mixed positions formations today therefore same view and valid break out of 6663-6730 should be firstly watched for next trend confirmation.
Technical Analysis and Market Outlook(01-04-2014)
Nifty-Intra Day Chart (31-Mar-2014):-
Technical Patterns and Formations in today intraday charts
1- Good selling between 6690-6730
2- Minor support between 6663-6677
3- Whole day actual trading between 6663-6730
Down moves after higher levels selling but minor supports also at lower levels therefore sideways market today and fresh preparation is required for next immediate decisive moves. All trends are up and indicators are overbought therefore correction is due but complete selling patterns are firstly required for decisive down moves. As higher levels good selling today therefore firstly fresh consolidation is required for any decisive up moves above today highest. Follow up moves and valid break out of today trading range(6663-6730) should be watched tomorrow for:-
1- Very short term correction below 6663 or
2- Rally continuation above 6730
 |
| Just click on chart for its enlarged view |
1- Good selling between 6690-6730
2- Minor support between 6663-6677
3- Whole day actual trading between 6663-6730
Conclusions from intra day chart analysis
Down moves after higher levels selling but minor supports also at lower levels therefore sideways market today and fresh preparation is required for next immediate decisive moves. All trends are up and indicators are overbought therefore correction is due but complete selling patterns are firstly required for decisive down moves. As higher levels good selling today therefore firstly fresh consolidation is required for any decisive up moves above today highest. Follow up moves and valid break out of today trading range(6663-6730) should be watched tomorrow for:-
1- Very short term correction below 6663 or
2- Rally continuation above 6730
Pre-closing Outlook(31-03-2014)
Sideways market today with lower levels supports and higher levels selling therefore same view which has already been updated in previous Outlooks.
Mid-session Outlook(31-03-2014)
Confirm selling at higher levels today and next immediate supports are at 6644.
Rally Continuation towards Unimaginable Higher Levels
Technical Analysis,Research & Weekly Outlook
(Mar 31 to Apr 04,2014)
Nifty-EOD Chart (28-Mar-2014):- |
| Just click on chart for its enlarged view |
1- Bottom formation at 5118.85 on 28-08-2013 and Wave-1 beginning
2- Wave-1(6142.50 on 19-09-2013)
3- Wave-2(5700.95 on 01-10-2013)
4- Wave-i of Wave-3(6415.25 on 09-12-2013)
5- Wave-ii of Wave-3(5933.30 on 04-02-2014)
6- Wave-iii of Wave-3 continuation with new highest formation at 6702.60 on 28-03-2014
Conclusions from EOD chart analysis
With technical calculations following prediction was done on 21-10-2013 in Minimum target of Nifty at 6724.60:-
Nifty is well set for rally towards minimum target at 6724.60
As was told 5 months before and repeated more than 10 times since 21-10-2013, has been proved almost accurate after recent top formation at 6702.60 on 28-03-2014
All trends are up and Bullish market Wave-iii of Wave-3 continuation towards those higher levels which can not be easily imagined at this moment because following minimum waves are still left:-
1- Wave-iii of Wave-3 continuation and no signal of its termination yet.
2- Corrective Wave-iv of Wave-3 will start after on going Wave completion and this corrective will correct whole that up move which started from 5933.30.
3- Impulsive Wave-v of Wave-3 will start after previous corrective wave completion and this Wave will form new high above the top of Wave-iii of Wave-3. It should also be kept in mind that Wave-iii of Wave-3 top formations confirmation has not been seen yet.
4- Wave-v of Wave-3 completion will mean termination of Wave-3 and corrective Wave-4 beginning.
5- Corrective Wave-4 will correct whole up moves which started from 5700.95.
6- Impulsive Wave-5 will start towards new top formation above the top of Wave-3.
As per Waves structures too much higher levels above 6702.60 are still left and those higher levels will be seen in the coming months and years.
Nifty-Intra Day Chart (28-Mar-2014):- |
| Just click on chart for its enlarged view |
1- Consolidation between 6644- 6664
2- Whole day actual trading between 6644-6702
Conclusions from intra day chart analysis
New intraday high formation at 6702.60 on 28-03-2014 after lower levels good consolidation but when Nifty was trading near the lowest of the day then we were not bearish therefore we clearly told at 12:48 PM on 28-03-2014 in Mid-session Outlook(28-03-2014)
new intraday lowest formation 15 minutes before at 6643.80 but as such selling patterns were not seen today.
As lower levels good consolidation on 31-03-2014 therefore until Nifty will not sustain below the lowest of the day(6643.80) after complete selling till then decisive down moves will not be considered.
Conclusions (After Putting All Studies Together)
At present impulsive Wave-iii of Wave-3 continuation and no signal of its completion yet. Until complete selling patterns will not develop till then correction or decisive down moves will not be seen. As Short Term indicators are over bought therefore correction is due but will not be seen immediately because:-
1- 11 Sessions most time trading range(6433-6574) broken out in previous week.
2- Good intraday consolidation seen at lower levels in previous session(28-03-2014).
Bullish markets following character should also be kept in mind:-
1- Markets consolidate at higher levels also.
2- Some times markets correct time wise not price wise.
3- Some times markets complete its correction in sideways moves and deeper correction is not seen.
Indian markets are completely Bullish and let complete selling patterns develop then will updated according to intraday selling patterns analysis and until it will not happen till then on going rally will remain continued towards new tops formation.
Mid-session Outlook(28-03-2014)
As big selling patterns formations between 6636-6673 yesterday and consolidation was firstly must for any decisive up moves above 6673 therefore most time trading and preparation for next moves between this range today. Although slipping from higher levels and new intraday lowest formation 15 minutes before at 6643.80 but as such selling patterns were not seen today.
Technical Analysis and Market Outlook(28-03-2014)
Nifty-Intra Day Chart (27-Mar-2014):-
Technical Patterns and Formations in today intraday charts
1- Selling between 6636-6673
2- Whole day actual trading between 6600-6673
Although today closing in Green but big selling patterns formations also seen today therefore generation of a correction signal today. It should also be kept in mind that Bull market complete its correction at higher levels consolidation or side ways market also therefore until complete selling will not develop and any crucial support will not break down till then deeper correction will not seen.
All trends are up and rally continuation but correction is due also. Let selling process complete then will be updated according to final positions formations and till then rally continuation may be seen with lesser force also.
 |
| Just click on chart for its enlarged view |
1- Selling between 6636-6673
2- Whole day actual trading between 6600-6673
Conclusions from intra day chart analysis
Although today closing in Green but big selling patterns formations also seen today therefore generation of a correction signal today. It should also be kept in mind that Bull market complete its correction at higher levels consolidation or side ways market also therefore until complete selling will not develop and any crucial support will not break down till then deeper correction will not seen.
All trends are up and rally continuation but correction is due also. Let selling process complete then will be updated according to final positions formations and till then rally continuation may be seen with lesser force also.
Nifty Spot-Levels & Trading Strategy for 28-03-2014
Nifty Spot-Levels
R3 6750
R2 6711
R1 6676
Avg 6637
S1 6602
S2 6563
S3 6528
Nifty Spot-Trading Strategy
H6 6715 Trgt 2
H5 6698 Trgt 1
H4 6681 Long breakout
H3 6661 Go Short
H2 6654
H1 6647
L1 6634
L2 6627
L3 6620 Long
L4 6600 Short Breakout
L5 6583 Trgt 1
L6 6566 Trgt 2
R3 6750
R2 6711
R1 6676
Avg 6637
S1 6602
S2 6563
S3 6528
Nifty Spot-Trading Strategy
H6 6715 Trgt 2
H5 6698 Trgt 1
H4 6681 Long breakout
H3 6661 Go Short
H2 6654
H1 6647
L1 6634
L2 6627
L3 6620 Long
L4 6600 Short Breakout
L5 6583 Trgt 1
L6 6566 Trgt 2
Nifty(Apr Fut)-Levels & Trading Strategy for 28-03-2014
Nifty(Apr Fut)-Levels
R3 6772
R2 6745
R1 6714
Avg 6687
S1 6656
S2 6629
S3 6598
Nifty(Apr Fut)-Trading Strategy
H6 6741 Trgt 2
H5 6728 Trgt 1
H4 6714 Long breakout
H3 6698 Go Short
H2 6693
H1 6688
L1 6677
L2 6672
L3 6667 Long
L4 6651 Short Breakout
L5 6637 Trgt 1
L6 6624 Trgt 2
R3 6772
R2 6745
R1 6714
Avg 6687
S1 6656
S2 6629
S3 6598
Nifty(Apr Fut)-Trading Strategy
H6 6741 Trgt 2
H5 6728 Trgt 1
H4 6714 Long breakout
H3 6698 Go Short
H2 6693
H1 6688
L1 6677
L2 6672
L3 6667 Long
L4 6651 Short Breakout
L5 6637 Trgt 1
L6 6624 Trgt 2
Bank Nifty(Apr Fut)-Levels & Trading Strategy for 28-03-2014
Bank Nifty(Apr Fut)-Levels
R3 13109
R2 12988
R1 12857
Avg 12736
S1 12605
S2 12484
S3 12353
Bank Nifty(Apr Fut)-Trading Strategy
H6 12981 Trgt 2
H5 12923 Trgt 1
H4 12865 Long breakout
H3 12796 Go Short
H2 12773
H1 12750
L1 12703
L2 12680
L3 12657 Long
L4 12588 Short Breakout
L5 12530 Trgt 1
L6 12472 Trgt 2
R3 13109
R2 12988
R1 12857
Avg 12736
S1 12605
S2 12484
S3 12353
Bank Nifty(Apr Fut)-Trading Strategy
H6 12981 Trgt 2
H5 12923 Trgt 1
H4 12865 Long breakout
H3 12796 Go Short
H2 12773
H1 12750
L1 12703
L2 12680
L3 12657 Long
L4 12588 Short Breakout
L5 12530 Trgt 1
L6 12472 Trgt 2
FII & DII trading activity in Capital Market Segment on 27-Mar-2014
| ||||||||||||||||
| ||||||||||||||||
Pre-closing Outlook(27-03-2014)
When Nifty was trading at 6638 then at 01:35 PM then following line was told today in Mid-session Outlook-2:-
All trends are up and rally continuation as well as correction is due but until complete selling will not develop till then correction will not be seen. Some selling was seen yesterday and again some selling also seen today but high volatility today. As technical positions reverses amid such volatility therefore fresh positions formation is firstly required and let it happen then final view will be updated.
last 2 hours intraday charts are showing selling patterns formations
As selling therefore Nifty could not sustain at and higher levels and slipped,just now traded at 6625.
All trends are up and rally continuation as well as correction is due but until complete selling will not develop till then correction will not be seen. Some selling was seen yesterday and again some selling also seen today but high volatility today. As technical positions reverses amid such volatility therefore fresh positions formation is firstly required and let it happen then final view will be updated.
Subscribe to:
Posts (Atom)