Technical Analysis and Market Outlook(21-05-2014)

Nifty-Intra Day Chart (20-May-2014):-

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Technical Patterns and Formations in today intraday charts

1- Most time trading between 7248-7287 with consolidation indications.
2- Higher levels selling 
3- Whole day actual trading between 7248-7320

Conclusions from intra day chart analysis 

Nifty traded last 3 hours with Mixed Patterns between 7246-7287 yesterday with Mixed Patterns and most time trading between same range with consolidation indications today therefore emergence of fresh up moves posibility. As higher levels selling today and selling between 7358-7563 on 16-05-2014 therefore complete consolidation is required for next decisive up moves above 7563. Following lines were told on 19-05-2014 in Sideways Market between 7082-7563 and being repeated:-

1- Although finally rally continuation is expected above 7563 but oscillators are overbought and sentiment is over heated after Modi victory therefore Short Term correction possibility can not be ruled out 
2- but follow up selling with sustaining below 7082 is must  
3- at present Nifty will be understood sideways between 7082-7563 and sustaining it beyond will be next immediate Trend confirmation.

Technically last 3 sessions down moves will be understood only very Short Term correction and sustaining beyond 7082-7563 will be next big moves confirmation. Most time trading between 7246-7287 in last 2 sessions which means that fresh positions formations for next decisive moves. As per our view sustaining beyond this range should be firstly watched for next trend first indication. 

Mid-session Outlook(20-05-2014)

Following lines were told yesterday in Technical Analysis and Market Outlook(20-05-2014):-

"last 3 hours trading with Mixed Patterns between 7246-7287 therefore absence of clear trading positions and more preparations are required for next decisive moves"

As was projected yesterday same is being seen today and last 4 hours trading between almost in same range between 7246-7287 and once sustaining beyond this range will be next trend confirmation. As consolidation indications therefore emergence of fresh up moves posibility after last Friday started correction completion.

Technical Analysis and Market Outlook(20-05-2014)

Nifty-Intra Day Chart (19-May-2014):-

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Technical Patterns and Formations in today intraday charts

1- Support between 7193-7229
2- Mixed Patterns between 7246-7287 in last 3 hours.
3- Whole day actual trading between 7193-7287

Conclusions from intra day chart analysis 

Although firstly slipping from higher levels but recovery after lower levels supports and last 3 hours trading with Mixed Patterns between 7246-7287 therefore absence of clear trading positions and more preparations are required for next decisive moves. . As lower levels supports seen today therefore first signal of correction completion  and once sustaining above today highest(7287) will mean rally continuation towards 7563 after last Friday started very Short Term correction completion.

Sideways Market between 7082-7563

Technical Analysis,Research & Weekly Outlook

(May 19 to May 23,2014)

Nifty-EOD Chart (16-May-2014):-

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Technical Patterns and Formations in EOD charts

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 7563.50 on 16-05-2014

Nifty-Intra Day Chart (16-May-2014):-

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Technical Patterns and Formations in today intraday charts

1- We sold our Call Options with more than 100 points Profit at the top of the day at 09:55 AM on Election Results like volatile day
2- Selling between 7450-7563
3- Selling between 7358-7432
4- Last 2 hours trading with mixed patterns between 7131-7265.
5- Whole day actual trading between 7131-7563

Conclusions (After Putting All Studies Together)

Although strong recovery with BJP winning Election Results on 16-05-2014 but when market was most Bullish then we understood from intraday patterns formations that market will reverse from here therefore we Booked more than 100 points Profit in our Call Option Buying call. Call Options buying call with Guidance and Profit Booking message are as follows:-

1- Profit Booking at 09:55 AM on on 16-05-2014:- NIFTY-May CE(7500)-Bought on 15-05-2014-Cover and book profit immediately-CMP-205(Lalit39) 
2- Guidance posted at 07:39 AM on on 16-05-2014:- NIFTY-May CE(7500)-Bought on 15-05-2014-Market will be volatile but finally rally is expected therefore just hold & cover after my covering message(Lalit39) 
3- Call posted at 03:28 PM on on 15-05-2014:- NIFTY-May CE(7500)-Buy-Positional-SL-74 & TGT-154-CMP-104(Lalit39)

(As we talk with those proofs which no one can deny therefore just click above topic links and verify live Proofs on yours own)

Nifty closed 79.85 points up but Call Options closed 11% to 57% down on 16-05-2014 because many Option traders bought both calls and Puts in expectation of any side 10% Circuit after Election Results but market reacts against the expectation of Small traders therefore  both calls and Puts Options strategy failed on Election results day. Always keep in mind that markets react against general expectations and therefore a trader must be master of mass psychology.

Although BJP victory expectations strengthened every minute on 16-05-2014 but most volatile day and Indian markets closed little above the lowest of the day because profit booking started immediately after opening amid most heated sentiments. Nifty was volatile within huge 432 points after higher levels good selling therefore complete consolidation is firstly required for decisive up moves above 7563. As good support seen above 7082 and good selling also below 7563 in last 4 sessions therefore expected that Nifty will remain sideways and prepare for next moves between 7082-7563 and finally rally will remain continued after follow up consolidation in the coming sessions.

All trends are up and Wave-iii of Wave-3 continuation with new highest formation at 7563.50 on 16-05-2014. Although slipping after panic top formation after victory signals of BJP but closing also at all time high and no damage to Bullish technical formations. As Bearish Shooting Star Candle formation in both Daily and Weekly Chart on 16-05-2014 therefore follow up moves and valid break out following supports/resistances should be firstly watched for next immediate trend confirmations.

1- Supports between 7082-7102
2- Resistances between 7358-7432
3- Resistances between 7450-7563


Bullish market Wave-iii of Wave-3 continuation towards those higher levels which can not be easily imagined at this moment because minimum 6 waves are still left. Just click following Topic link for those minimum 6 Waves and calculation of next minimum target of Nifty:-

Minimum target of Nifty at 8616.90

Although Nifty formed new all time high at 7563.50 on 16-05-2014 but  we told non stop again and again daily only and only for Rally and up moves in all the 25 Outlooks since 02-05-2014. Just click following topic link and understand the strength of supports prepare yourself for trading in the coming sessions:-

25 Accurate Predictions of Nifty Rally on 16-05-2014 with Proofs

As huge range of 481 points(7082-7563) in which Nifty has to trade and prepare for next decisive moves therefore volatility may be high. Although finally rally continuation is expected above 7563 but oscillators are overbought and sentiment is over heated after Modi victory therefore Short Term correction possibility can not be ruled out but follow up selling with sustaining below 7082 is must otherwise at present Nifty will be understood sideways between 7082-7563 and sustaining it beyond will be next immediate Trend confirmation.

25 Accurate Predictions of Nifty Rally on 16-05-2014 with Proofs

 Nifty formed new all time high formation with closing at all time high at  7563.50 on 16-05-2014 but we told non stop again and again daily only and only for Rally and up moves in all the 25 Outlooks since 02-05-2014. As we always talk with those proofs which no one can deny therefore just click following topic links and verify this fact on yours own:- 

1-  In Strong Rally & New All Time High on 16-05-2014:- finally rally continuation with new high formations will be seen tomorrow
2- In Mid-session Outlook(15-05-2014):- fresh rally is expected above 7152
3- In Post-open Outlook(15-05-2014):-finally rally is expected after Election results tomorrow
4- In Technical Analysis and Market Outlook(15-05-2014):- finally rally will be seen in the coming 2/3 sessions
5- In Pre-closing Outlook(14-05-2014):- finally rally will remain continued
6- In Mid-session Outlook(14-05-2014):- finally rally will remain continued
7- In Technical Analysis and Market Outlook(14-05-2014):- finally rally will remain continued after 1/2 sessions consolidation
8- In Technical Analysis and Market Outlook(13-05-2014):- rally continuation is expected after huge gap up opening tomorrow
9- In Pre-closing Outlook(12-05-2014):- Indian markets are  technically poised for more up moves/Rally10- In Technical Analysis and Market Outlook(09-05-2014):- expected that finally Rally/up moves will be seen in the coming sessions.
11- In Pre-closing Outlook(08-05-2014):- same Bullish views is maintained which is being continuously updated for the last 4 sessions.
12- In Post-open Outlook(08-05-2014):- last 5 sessions intraday patterns are showing consolidation patterns therefore it seems that consolidation process is on and finally Rally/up moves will be on 13 may/16 May.

13- Technical Analysis and Market Outlook(08-05-2014) :- last 4 sessions intraday charts showed consolidation patterns formations therefore finally Rally/up moves are expected in the coming sessions.

14- Pre-closing Outlook(07-05-2014):- finally Rally/up moves are expected in the coming sessions

15- Mid-session Outlook(07-05-2014):- finally Rally/up moves are expected.
16- Post-open Outlook(07-05-2014):- finally Rally/up moves are expected
17- Technical Analysis and Market Outlook(07-05-2014):-finally Rally/up moves are expected
18- Mid-session Outlook(06-05-2014):- Bullish expectations was told in all the previous Outlooks and same view today also
19-  Technical Analysis and Market Outlook(06-05-2014) - Certainly up moves expectation are alive after correction completion within last 21 sessions range

20- Mid-session Outlook(05-05-2014):- Certainly up moves expectation are alive after correction completion within last 20 sessions range

21- Technical Analysis,Research & Weekly Outlook(May 05 to May 09,2014):- Finally Rally/up moves will be seen in next week

22- Pre-closing Outlook(02-05-2014):- Although Nifty is going to close flat after whole day down moves but rally will be seen in next week

23- Mid-session Outlook-2(02-05-2014):- finally up moves are expected in next week despite now trading flat after loosing all intraday gains

24- Mid-session Outlook(02-05-2014):-intraday charts are showing consolidation patterns indications therefore emergence of fresh up moves expectations

25- Technical Analysis and Market Outlook(02-05-2014):-Finally expected that Nifty will not sustain below 6651 and up moves will be seen after follow up consolidation in the coming sessions.

All Outlooks of last 2 weeks proved 100% Accurate

Whatsoever happened in the Indian Stock markets on 16-05-2014,all that was updated in all the Outlooks of last 2 weeks. Anyone can verify this fact from the Home page and Archive at the bottom of our this Blog.

NIFTY-May Call Option(7500)-Positional Buying of 15-05-2014-Message

NIFTY-May CE(7500)-Bought on 15-05-2014-We covered near the top of the day at 205 and now this call is trading at 120

NIFTY-May Call Option(7500)-Positional Buying of 15-05-2014-Covering

NIFTY-May CE(7500)-Bought on 15-05-2014-Cover and book profit immediately-CMP-205(Lalit39)

NIFTY-May Call Option(7500)-Positional Buying of 15-05-2014-Message

NIFTY-May CE(7500)-Bought on 15-05-2014-Market will be volatile but finally rally is expected therefore just hold & cover after my covering message(Lalit39)

Strong Rally & New All Time High on 16-05-2014

Technical Analysis and Market Outlook(16-05-2014)

Nifty-Intra Day Chart (May 13 to May 15,2014):-

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 Technical Patterns and Formations in last 3 Sessions intraday charts

1- Most time trading trading between 7082-7131 in last 3 sessions.

Conclusions from 3 Sessions intra day chart analysis 

Gap up opening on 13th May after Exit Poll results on 12th May and after that last 3 sessions most time trading between 7082-7131. As consolidation patterns formations within this range in last 2 sessions therefore same  rally continuation view which has already been updated in all the previous Outlooks of last 2 sessions.

Nifty-Intra Day Chart (15-May-2014):-

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Technical Patterns and Formations in today intraday charts

1- Down Moves in Bullish Falling Channel
2- Support between 7082-7100
3- Support between 7082-7102
4- Most time trading trading between 7082-7134
5- Whole day actual trading between 7082-7152

Conclusions from intra day chart analysis 

Most time trading trading between 7082-7134 with lower levels good supports and consolidation therefore expected that finally rally will be seen above 7134. 

Conclusions (After Putting both charts Together)

Although some selling was seen between 7148-7172 on 13-05-2014 but most time trading trading between 7082-7131 with good consolidations in last 3 sessions also therefore technically Indian markets are well set for fresh up moves and finally rally continuation with new high formations will be seen tomorrow. 

NIFTY-May Call Option(7500)-Positional-Buying Trade

NIFTY-May CE(7500)-Buy-Positional-SL-74 & TGT-154-CMP-104(Lalit39)

Mid-session Outlook(15-05-2014)

Importance of following 2 ranges was told in previous 3 Outlooks of yesterday and today:-

1- 7082-7131
2- 7082-7152

Today lowest is at 7082.55 and consolidation seen above 7082 today and yesterday,until Nifty will not sustain below 7082 till then next down moves will not be considered and valid break out above 7152 will mean fresh rally.

As consolidation above 7082 therefore fresh rally is expected above 7152.

Post-open Outlook(15-05-2014)

Following conclusive line was told yesterday in Technical Analysis and Market Outlook(15-05-2014):-

sustaining above 7131 will be correction completion and rally continuation confirmation.

Nifty moved above 7131 but could not sustain above and slip below it and traded at 6107. Expected that Nifty will trade and prepare for tomorrow moves between 7082-7152 and valid break out of this range will be first strong signal of post Election results next immediate trend in Indian markets.

As consolidation yesterday therefore finally rally is expected after Election results tomorrow.

Technical Analysis and Market Outlook(15-05-2014)

Nifty-Intra Day Chart (14-May-2014):-

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Technical Patterns and Formations in today intraday charts

1- Firstly higher levels minor selling.
2- Down Moves in Bullish Falling Channel between 10:00 AM and 01:45 PM 
3- Most time trading between 7087-7121
3- Whole day actual trading between 7080-7142

Conclusions from intra day chart analysis 

Firstly higher levels minor selling but after that almost 4 hours Down Moves in Bullish Falling Channel which is consolidation pattern therefore rally continuation hopes are alive. Nifty traded last 3 hours between 7082-7131 yesterday and most time trading between this range today with some consolidation pattern formation within this range therefore expected that this range will be broken out and sustaining above 7131 will be correction completion and rally continuation confirmation.

As Exit Pools are showing Modi victory possibility and much heated sentiment therefore complete consolidation is required and panic bottom formation possibility should be kept in mind but much deeper correction is not expected and consolidation will be seen above 7020. 

Expected that finally rally will be seen in the coming 2/3 sessions 

Pre-closing Outlook(14-05-2014)

Nifty traded last 3 hours trading between 7082-7131 yesterday and most time trading between this range today with some follow up selling at higher levels but consolidation pattern of Down Moves in Bullish Falling Channel also seen between 10:00 AM and 01:45 PM today therefore finally rally will remain continued. As much heated sentiment and complete consolidation is required without much deeper correction therefore consolidation will be seen above 7020. 

Mid-session Outlook(14-05-2014)

Following lines were told yesterday in Technical Analysis and Market Outlook(14-05-2014);-

1- very Short Term Correction will be considered at this moment.
2- intraday volatility with panic bottom formation can not be ruled out
3- finally rally will remain continued after 1/2 sessions consolidation

As very Short Term Correction continuation therefore Nifty moved down after some follow up selling at higher levels today also and some more down moves can not be ruled out. Although selling at higher levels today and yesterday but expected that fresh consolidation will be seen above 7020 and finally rally will remain continued.

Technical Analysis and Market Outlook(14-05-2014)

Nifty-Intra Day Chart (13-May-2014):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Selling between 7148-7172
3- Down Moves in Bullish Falling Channel
4- Last 3 hours trading between 7082-7131
5- Whole day actual trading between 7068-7172

Conclusions from intra day chart analysis 

volatility after minor profit booking was told at 09:25 AM today in Post-open Outlook and it was seen after Bearish Rising Channel formation and higher levels selling. Although intraday correction today but Down Moves in Bullish Falling Channel therefore emergence of consolidation pattern also and only very Short Term Correction will be considered at this moment.

As sentiment is too much heated after Modi victory possibility in Exit Polls therefore deeper correction will not be considered at this moment but intraday volatility with panic bottom formation can not be ruled out. Expected that finally rally will remain continued after 1/2 sessions consolidation and sustaining beyond following ranges should be firstly watched for today started correction completion.

1- Today trading range(7068-7172)
2- Today gap(7020-7068)

Mid-session Outlook(13-05-2014)

Although Nifty opened 55 points gap up but not much strong therefore volatility after minor profit booking was told at 09:25 AM today in Post-open Outlook and it is being seen before Nifty slipping 75 points from higher levels of today. At present this 75 points down moves will be understood only intraday correction and fresh up moves will be expected after ites completion. Let some intraday consolidation and supports develop then fresh rally will be seen and firstly sustaining beyond 7080 should be watched.

Post-open Outlook(13-05-2014)

Gap up opening but not much strong therefore volatility is possible after minor profit booking.

Technical Analysis and Market Outlook(13-05-2014)

Nifty-Intra Day Chart (12-May-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 6920-6954
2- Consolidation between 6960-6980
3- Whole day actual trading between 6916-7020

Conclusions from intra day chart analysis 

Firstly sharp 70 points up in first 2 minutes and after that consolidation as well as closing at the highest of the day therefore Indian markets are technically poised for more up moves/Rally. As Exit Polls are showing clear victory for Modi therefore rally continuation is expected after huge gap up opening tomorrow.

Pre-closing Outlook(12-05-2014)

Following line was told today at 08:47 AM in Minimum target of Nifty at 8616.90

25 sessions range will be broken out with more than 10% to 20% rally in next week

Now Nifty is trading 2% up and rally continuation is still expected because selling patterns not seen today but huge volatility can not be ruled out because any news,confusion or doubt regarding Modi victory may hamper sentiment. As today intraday patterns are showing consolidation therefore Indian markets are  technically poised for more up moves/Rally.