First indication of yesterday started correction completion

Intra Day Chart Analysis & Market Outlook

(07-04-2016)

Nifty-Intra Day Chart (06-Apr-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 7592-7610
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 7592-7635

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Firstly Watch last 2 Hopes of Bulls":-

following 2 last hopes for Bulls remained alive:-

1- Today closing was above 7600 which is Neckline of 48 sessions Inverse Head And Shoulders pattern.
2- Today lowest(7588.65) and closing is above Last 9 sessions trading range(7582-7777).

Two levels of 7582 and 7600 was given and Nifty honoured both levels through not slipping below 7582 (today lowest at 7591.75) and closing above 7600 at 7614.35 today.

Whole day sideways trading within 43 points with only consolidation patterns formations therefore first indication of yesterday started correction completion. As finally sustaining beyond 7582-7635 will be next decisive moves confirmation therefore should be firstly watched tomorrow for following moves:-

1- Below 7582 will mean correction beginning confirmation of Post Budget 952 points rally.
2- Above 7635 will mean up moves towards 7777 and once sustaining above it will mean strong rally towards the target(8374.20) of Inverse Head And Shoulders.

Firstly Watch last 2 Hopes of Bulls

Intra Day Chart Analysis & Market Outlook

(06-04-2016)

Nifty-Intra Day Chart (05-Apr-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Sideways trading between 7706-7733 before RBI Credit Policy
2- High volatility after RBI Credit Policy
3- Whole day actual trading between 7588-7733

Conclusions from intra day chart analysis 

As some selling yesterday therefore firstly weak opening of Indian markets and after that sideways trading between 7706-7733 before RBI Credit Policy but high volatility immediately after its announcements and 55 points sharp recovery was also seen after sharp fall because there was nothing adverse in policy because MSF rate was also reduced by 75 basis points with 25 BPS Repo Rate cut.

As Dow's Futures slipped 145 points and most European markets were also more than 2% down therefore whole day down moves remained continued in Indian markets and closing was near the lower levels of the day but following 2 last hopes for Bulls remained alive:-

1- Today closing was above 7600 which is Neckline of 48 sessions Inverse Head And Shoulders pattern.
2- Today lowest(7588.65) and closing is above Last 9 sessions trading range(7582-7777)

Although 2% down markets today but not due to RBI Credit Policy but on the back of most depressing all Global markets and firstly sustaining beyond 7600/7582 should be watched tomorrow for today started correction continuation/completion and it should also be kept in mind that deeper correction will be seen only after sustaining below 7582. 

Next Short Term Trend Confirmation through Crucial Levels amid RBI Rates Cut Uncertainty 

Post-open Outlook(05-04-2016)

Although Nifty closed near the higher levels of the day yesterday after gaining 45 points but intraday charts of yesterday have shown some selling patterns formations also therefore we told following line yesterday in "Final Confirmations of next Short Term Trend from 7582-7777":-

"possibility of some down moves after RBI Credit Policy can not be ruled out tomorrow" 

Some down moves were told after RBI Credit Policy but down moves have been seen immediately after opening today and Nifty traded 42 points down within first minute of today trading.

Down moves as per our expectations have already been seen but a big event is ahead in which RBI will cut rates by 25 BPS and if 50 BPS or more is announced then some up moves amid high volatility will be considered but sustaining above 7777 is must. 

Some down were projected for today which have already been seen. certainly rates cut uncertainty but Post RBI Credit Policy moves will be decided according intraday charts patterns formation up to 10:45 AM today and next Short Term Trend confirmation will be according to valid break out of following crucial levels:-   

1- 7667-7777(first signal)
2- 7582-7777(final confirmations)

Final Confirmations of next Short Term Trend from 7582-7777

Intra Day Chart Analysis & Market Outlook

(05-04-2016)

Nifty-Intra Day Chart (04-Apr-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Minor selling between 7730-7737
2- Minor support between 7705-7710
3- Minor selling between 7757-7764
4- Whole day actual trading between 7705-7764

Conclusions from intra day chart analysis 

Following lines were told on 03-04-2016 in "Expectations of Rally above 7777 after complete follow up Consolidations":-

1- Nifty will firstly prepare for such moves on next Monday between 7667-7777 
2- finally rally above 7777 is still expected after complete follow up consolidations tomorrow

Nifty traded within mentioned range(7667-7777) between 7705-7764 and closed also 45 points up today but complete follow up consolidation was not seen despite today closing near the higher levels of the day. As clear selling patterns formations on 31-03-2016 therefore as such good consolidation was required which could not develop but some selling was also seen today therefore possibility of some down moves after RBI Credit Policy can not be ruled out tomorrow. 

As Mixed patterns formation in last 3 sessions between 7667-7777 therefore next decisive moves will be firstly understood from Pre RBI Credit Policy trading hours intraday patterns formations tomorrow. High volatility may also be seen tomorrow after Mixed patterns formation in last 3 sessions therefore following trading ranges should be watched for next Short Term Trend confirmations because some times technical positions reverses also amid high intraday volatility:-

1- Last 3 sessions between 7667-7777
2- Last 9 sessions between 7582-7777(final confirmations)

As last 9 sessions trading between 7582-7777 with lower levels supports and higher levels resistances as well as Neckline(7600) of 48 sessions Inverse Head And Shoulders pattern is lying within this range therefore once sustaining beyond this range will confirm the validity of this pattern and resultant following decisive moves will be seen beyond this range:-

1- Above 7777 will mean strong rally towards the target(8374.20) of Inverse Head And Shoulders.
2- Below 7582 will mean correction beginning confirmation of Post Budget 952 points rally.

Expectations of Rally above 7777 after complete follow up Consolidations

Technical Analysis,Research & Weekly Outlook

(Apr 04 to Apr 08,2016)

Nifty-Intra Day Chart (01-Apr-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Support between 7667-7681(Immediate Supports)
3- Up moves with intraday correction.
4- Whole day actual trading between 7667-7740

Conclusions (After Putting All Studies Together)

Following lines were told on 28-03-2016 in "Finally Rally continuation after follow up Consolidations in the coming Sessions":-

1- Inverse Head And Shoulders pattern formations in 48 sessions with its Neckline at 7600 
2- Neckline was broken down with closing above it on 28-03-2016 therefore firstly sustaining beyond Neckline(7600) should be watched in the coming sessions because confirmation of sustaining above it will mean next target of Nifty at 8374.20.

Following lines were told on 31-03-2016 in "Cautious View after Clear Selling Patterns Formations Today":-

1- clear selling patterns formations between 7755-7777 today
2- RBI Credit Policy on 05-04-2016 and Nifty will prepare in next 2 sessions for next decisive moves after its announcements.
3- View will be wait and watch for next 2 Pre-RBI Policy sessions 

Clear selling patterns formations between 7755-7777 was told 31-03-2016 and Nifty traded whole day below it on 01-04-2016 but lower levels supports with intraday consolidation patterns were also seen on on 01-04-2016 therefore Nifty will firstly prepare in the beginning of next week near about and between 7667-7777 for next big trend after RBI Credit Policy on 05-04-2016 because immediate supports and resistances are lying within this range. 

Last 8 sessions trading between 7582-7777 with lower levels supports and higher levels resistances as well as Neckline(7600) of 48 sessions Inverse Head And Shoulders pattern is lying within this range therefore once sustaining beyond this range will confirm the validity of this pattern and resultant following decisive moves will be seen beyond this range:-

1- Above 7777 will mean strong rally towards the target(8374.20) of Inverse Head And Shoulders.
2- Below 7582 will mean correction beginning confirmation of Post Budget 952 points rally and then following supports and retracement levels will be watched for its completion:-

Next supports of Nifty are as follows:-

1- 7518-7568
2- 7410-7443
3- 7347-7375

Fibonacci Retracement levels of Post-Budget Rally(6826-7777)

1- 13.0%- 7,653
2- 23.6%- 7,552
3- 27.0%- 7,520
4- 38.2%- 7,413(Crucial)
5- 50.0%- 7,301(Crucial)
6- 61.8%- 7,189(Crucial)
7- 70.7%- 7,104
8- 76.4%- 7,050
9- 78.6%- 7,029 
10-88.6%- 6,934  

Certainly Indian markets are going to decide next more than 5% big moves in the beginning of next week and its trigger will be RBI Credit Policy on 05-04-2016. Nifty will firstly prepare for such moves on next Monday between 7667-7777 and let it happen then next trend will get confirmations through intraday patterns formations analysis but finally rally above 7777 is still expected after complete follow up consolidations tomorrow despite negative closing on 01-04-2016 and clear selling patterns formations on 31-03-2016 because lower levels good supports in last 8 sessions and as such selling was not seen.  

Cautious View after Clear Selling Patterns Formations Today

Intra Day Chart Analysis & Market Outlook

(01-04-2016)

Nifty-Intra Day Chart (31-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 7755-7777(Immediate Resistances)
2- Whole day actual trading between 7702-7777

Conclusions from intra day chart analysis 

As clear selling patterns formations between 7755-7777 today therefore it will be immediate resistance of Nifty and until Nifty will not sustain above 7777 after complete consolidation till then decisive up moves above today highest will not be seen despite flat closing today after last half hour strong recovery from lower levels.

RBI Credit Policy on 05-04-2016 and Nifty will prepare in next 2 sessions for next decisive moves after its announcements. Certainly only one day today selling is not sufficient for the correction of post Budget 952 points March 2016 rally but if follow up selling develops in next 2 sessions then deeper correction will be seen after this event.

Up moves above 7749 was told in both previous Outlooks and it was seen today but view is cautious after selling patterns formations today and until Nifty will not sustain above today highest(7777) after fresh consolidation till then immediate rally will not be considered.

View will be wait and watch for next 2 Pre-RBI Policy sessions and let follow up moves develop between 7702-7777 then next Short Term Trend will be considered according to intraday patterns formations within and near about this range and its valid break out will be confirmation of:-

1- Below 7702 will mean Post Budget rally correction beginning.
2- Above 7777 will mean Fresh strong Rally beginning after Long Term Trend and all tends turning up confirmations because Long Term Trend decider 200 Day EMA is today at 7775.

As busy therefore Stock Market Outlook of today is not being updated but Mid-session Outlook may be posted during trading hours.

Rally continuation after Follow up Consolidations 

Intra Day Chart Analysis & Market Outlook

(30-03-2016)

Nifty-Intra Day Chart (29-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 7628-7645
2- Support between 7583-7599
3- Selling between 7625-7652
4- Down moves in Bullish Falling Channels
5- Whole day actual trading between 7583-7652

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Finally Rally continuation after follow up Consolidations in the coming Sessions":-

1- Supports between 7587-7610 
2- Firstly sustaining beyond today supports range(7587-7610) should be watched for today started correction completion. 

Market moving into consolidation phase will be understood because Nifty got supports yesterday between 7587-7610 and almost whole day traded within and above this range today with follow up supports within this range between 7583-7599 therefore yesterday supports range(7587-7610) has been strengthened today because consolidation through Down moves in Bullish Falling Channels was also seen within and above yesterday supports range. 

As some selling was also seen at higher levels today therefore possibility of slipping below today lowest(7583) can not be ruled out under consolidation process but until Nifty will not sustain below today lowest till then deeper correction will not be considered and once sustaining above today highest(7652) will mean strong indication of yesterday started correction completion.

Still same view which was expressed yesterday that Nifty will trade and prepare for next trend between 7518-7749 in the coming sessions of this week for post RBI Credit Policy next big moves and finally valid break out of this range will decide next Trend. Still expected that finally rally above yesterday highest(7749) will remain continued in next week after follow up consolidations between 7518-7749 and sustaining above today highest(7652) will be strong indication of yesterday started correction completion.

Finally Rally continuation after follow up Consolidations in the coming Sessions 

Technical Analysis,Research & Weekly Outlook

(Mar 29 to Apr 01,2016)

Nifty-EOD Chart (28-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Pull Back Rally beginning after bottom formation at 6825.80 on 29-02-2016
2- Recent top of Pull Back rally formations at 7749.40 on 28-03-2016
3- Correction of Pull Back rally beginning with recent bottom formations at 7587.70 on 28-03-2016

Inverse Head And Shoulders formations

Nifty-EOD Chart (28-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Inverse Head And Shoulders pattern formations in 48 sessions with its Neckline at 7600
2- Head formation at 6825.80 on 29-02-2016 
3- Neckline broken out on 21-03-2016
4- Neckline broken down with closing above it on 28-03-2016 

Fibonacci Retracement levels of Post-Budget Rally

Nifty-EOD Chart (28-Mar-2016):-

Just click on chart for its enlarged view

Intra Day Chart Analysis(29-03-2016)

Nifty-Intra Day Chart (28-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day Down moves in Bullish Falling Channels
2- Supports between 7587-7610 
3- Whole day actual trading between 7587-7749

Conclusions (After Putting All Studies Together)

Pull Back Rally beginning on 29-02-2016 after Union Budget-2016 which remained continued without any deeper correction but strong intraday correction was seen on 28-03-2016 which will be seen according to following Fibonacci Retracement levels of Post-Budget Rally(6826-7749)

1- 13.0%- 7629(corrected)
2- 23.6%- 7531
3- 27.0%- 7499
4- 38.2%- 7396(Crucial)
5- 50.0%- 7287(Crucial)
6- 61.8%- 7178(Crucial)
7- 70.7%- 7096
8- 76.4%- 7043
9- 78.6%- 7023 
10-88.6%- 6931 

Inverse Head And Shoulders pattern formations in 48 sessions with its Neckline at 7600 and its Neckline was broken out on 21-03-2016 and Nifty remained above it in last 3 sessions of previous week but its Neckline was broken down with closing above it on 28-03-2016 therefore firstly sustaining beyond Neckline(7600) should be watched in the coming sessions because confirmation of sustaining above it will mean next target of Nifty at 8374.20. Just click following topic link to understand the calculations of mentioned target:-   

48 Sessions Bullish Pattern showing Nifty target at 8374.20

Certainly view will be cautious because today Nifty moved and closed below following levels in a single day today correction:- 

1- Last 3 sessions lowest(7618)
2- 13.0% retracement level(7629)

Next supports of Nifty are as follows:-

1- 7518-7568
2- 7410-7443
3- 7347-7375

Correction beginning today and no confirmation of its completion yet but whole day today Down moves were in Bullish Falling Channels and got supports also near about Neckline(7600) between 7587-7610 as well as today closing also above Neckline at 7615.10 therefore hopes are alive for fresh rally beginning after correction completion near about Neckline. 

As last 3 sessions levels broken down in today crash and more consolidation is required for decisive rally above today highest as well as more down moves in consolidation process can not be ruled out therefore firstly sustaining beyond following levels should be watched for today started correction completion:-

1- Firstly sustaining beyond today supports range(7587-7610) should be watched for today started correction completion. 
2- Finally 7518-7749 will decide the fate of Post Budget Pull Back Rally. 

Nifty will trade and prepare between 7518-7749 in the coming sessions of this week for post RBI Credit Policy next big moves and finally valid break out of this range will decide next Trend. Still expected that finally rally above today highest(7749) will remain continued in next week after follow up consolidations between 7518-7749 despite 101 points down moves today.   

Firstly watch valid break out of last 3 sessions trading range

Technical Analysis and Market Outlook
(28-03-2016)

As now out of station and will be able to reach my native place at 06:00 tomorrow therefore updating only tomorrow Outlooks without charts analysis.

Following lines were told at 09:46 AM on 23-03-2016 in "Post-open Outlook(23-03-2016)":- 

Next supports are between 7630-7670 which should be firstly watched today for the confirmation of today started down moves continuation/completion.

Supports between 7630-7670 were told and Nifty got support at 7670.60 that day as well as closed flat after some recovery from lower levels.

Next resistances of Nifty are as follows:-

1- 7766-7835
2- 7912-7960

Next supports of Nifty are as follows:-

1- 7630-7670
2- 7518-7568
3- 7410-7443
3- 7347-7375

As Bearish Hanging Man Candlestick formation on 23-03-2016 therefore view will be cautiously Bullish and firstly valid break out of last 3 sessions trading range(7618-7728) should be watched in the coming 1/2 sessions for next decisive moves confirmations.

Post-open Outlook(23-03-2016)

As all the Asian markets are trading in Red today and long Weekend ahead from tomorrow therefore sentiment is depressed today morning resultant weak opening of Indian markets. Next supports are between 7630-7670 which should be firstly watched today for the confirmation of today started down moves continuation/completion.

Still View is Bullish

Intra Day Chart Analysis & Market Outlook

(23-03-2016)

Nifty-Intra Day Chart (22-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Most time trading below yesterday closing(7704.25)
2- High intraday volatility
3- Whole day actual trading between 7644-7728

Conclusions from intra day chart analysis 

Although Nifty closed near the higher levels of the day yesterday after gaining 100 points but we told following lines yesterday in "Rally continuation expectations after follow up consolidation":-

1- some volatility may be firstly seen for consolidation within today trading range
2- View was Bullish from and before Budget day and still same view as well as expected that Rally above 7600 will remain continued
2- 1/2 sessions follow up consolidation within of near about higher levels of today trading range

As was told yesterday, 100% same had been seen in following manner today:-

1- High volatility was seen today 
2- Nifty traded almost whole day within yesterday trading range(7628-7713) and closed little above it at 7714.90 today. 
3- Bullish view was told and and Nifty closed positive today

Although no clear pattern formation today and only high intraday volatility was seen but view will remain Bullish because selling patterns were also not seen and until complete selling patterns will not develop till then any correction will not develop,let it happen then will be considered.

Rally continuation expectations after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(22-03-2016)

Nifty-Intra Day Chart (21-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- More than 4 hours trading with Mixed Patterns formations between 7629-7661
2- Up moves after recovery in European markets and Dow's Futures after 01:30 PM.
3- Whole day actual trading between 7628-7713

Conclusions from intra day chart analysis 

As first 4 hours trading with Mixed Patterns formations and last hours up moves on the back of European markets and US cues therefore some volatility may be firstly seen for consolidation within today trading range because European markets closed near the lower levels of the day after loosing all first 2 hours gains and Short Term Oscillators have also turned overbought after strong rally today.  

View was Bullish from and before Budget day and still same view as well as expected that Rally above 7600 will remain continued after 1/2 sessions follow up consolidation within of near about higher levels of today trading range

48 Sessions Bullish Pattern showing Nifty target at 8374.20

Technical Analysis,Research & Weekly Outlook

(Mar 21 to Mar 23,2016)

12 Months Correction with Bullish Flag formations

Nifty-EOD Chart (18-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-3 on long Chart beginning at 5118.85 on 28-08-2013
2- Wave-3 completion and corrective Wave-4 beginning at 9119.20 on 04-03-2015 
3- Corrective Wave-4 recent bottom of correction at 6825.80 on 29-02-2016
4- 12 Months correction with Bullish Flag formations
5- Long Term Trend decider 200 Day EMA is today at 7781
6- Upper falling line of Bullish Flag is near 200 Day EMA 

Inverse Head And Shoulders formations

Nifty-EOD Chart (18-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Inverse Head And Shoulders pattern formations in last 48 sessions with its Neckline at 7600
2= Head formation at 6825.80 on 29-02-2016 

Pull Back Rally continuation

Nifty-EOD Chart (18-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Pull Back rally beginning after getting supports at 6825.80 on 29-02-2016
2- Recent top of Pull Back rally formations at 7613.60 on 18-03-2016
3- 10 Sessions sideways trading between 7406-7585
4- 10 Sessions range broken out with closing above it at 7604.35 on 18-03-2016 

Conclusions (After Putting All Studies Together)

Following conclusive lines were told in previous weekly Outlook on 13-03-2016 in "Finally Up moves after volatile trading within Crucial Levels":-

expected that in every situation(best to worst) Nifty will firstly trade between or near about 7310-7600 with high volatility and finally will move above 7600 decisively without sustaining below 7310.

As was told same happened in previous weekly Outlook,100% same happened and finally Nifty closed above 7600 with previous week lowest formation at 7405

Trends of Nifty are as follows:-

1- Short Term Trend has turned up after post budget Rally
2- Intermediate Term Trend is sideways which will be up after sustaining above 7600.
3- Long Term Trend is down which will be up after sustaining above its decider 200 Day EMA(today at 7781)

That Bullish Wave which started on 28-08-2013 from 5118.85 gained 4000 points and completed at 9119.20 on 04-03-2015 and after that its correction started which formed recent bottom at 6825.80 on 29-02-2016 then Pull Back rally begun which is in continuation with recent top formation at 7613.60 and no confirmation of its completion yet. 

12 Months correction from 9119.20 to 6826 is with Bullish Flag formations and Nifty has not slipped below its lower falling line as well as strong Pull Back Rally started from Budget-2016 day which is in continuation and no signal of its completion yet. As Bullish Flag is still valid therefore fresh rally hopes above all time high(9119.20) are still alive. 

Long Term Trend decider 200 Day EMA(today at 7781) and Upper falling line of Bullish Flag are near therefore once valid break out of 200 Day EMA will mean broken out confirmation of Bullish Flag also which will mean strong indication of 12 months correction completion at 6825.80 on 29-02-2016 and Indian markets are well prepared for fresh strong rally above life time high(9119.20).       

Following 2 Bullish developments last Friday:- 

1- 10 Sessions sideways trading between 7406-7585 and this range broken out and closing above it at 7604.35.
2- Inverse Head And Shoulders pattern formations in last 48 sessions with its Neckline at 7600 and closing above it at 7604.35. 

It is confirm that once sustaining above 7600 will mean Neckline broken out confirmation which will generate fresh blasting rally to test 8374.20 according to following calculations:- 

Head formation at 6825.80
Neckline of pattern is at 7600
7600-6825.80= 774.20 points distance between Head and Neckline 
Neckline was broken out on 18-03-2016 with closing at 7604.35 
Inverse Head and Shoulders Neckline broken out confirmation will mean next target of Nifty at 7600+774.20=8374.20

High possibility of fresh strong rally after sustaining above 7600 and Long Term Trend decider 200 Day EMA(today at 7781) as well as decisive up moves towards next strong resistances which are above 7890,also expected that Nifty will test above mentioned 48 Sessions Bullish Pattern target(8374.20) in the coming months.

Live proofs of 100% accurate Levels and Predictions

Following line was told today at 12:43 AM in "Firstly Sideways Market for More than 3% One Sided Big Moves Preparations":- 

view will not be Bearish despite today closing near the lower levels of the day.

Nifty closed at 7604.35 today after gaining 91.80 points and that proved our following prediction also 100% accurate which was done on 13-03-2016 in "Finally Up moves after volatile trading within Crucial Levels":- 

 expected that in every situation(best to worst) Nifty will firstly trade between or near about 7310-7600 with high volatility and finally will move above 7600 decisively without sustaining below 7310. 

Just click following topic link also and verify those live proofs on your own in which we told more than 5 times for each Post FOMC Rally & Post Budget Bullish Indian Markets. As was predicted in the links of this topic all that was exactly seen immediately after these 2 events in March 2016:-

Except us who told in whole India for Post FOMC Rally & Post Budget Bullish Indian Markets 

Firstly Sideways Market for More than 3% One Sided Big Moves Preparations

Intra Day Chart Analysis & Market Outlook

(18-03-2016)

Nifty-Intra Day Chart (17-Mar-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- 5 Hours Mixed Patterns between 7542-7585
2- Down moves in last hours
3- Whole day actual trading between 7480-7585

Conclusions from intra day chart analysis 

As Stock markets favouring announcements by FOMC and resultant all the Asian markets were trading strong therefore gap up opening of Indian markets but not sustaining at higher levels and closing near the levels of the day after loosing more than 100 points from higher levels because:-

1- As such consolidation patterns were not seen and first 5 Hours trading was with Mixed Patterns formations.
2- Indian markets under performed Asian markets and some selling was seen.
3- Real down moves started after 02:00 PM because:- 
A- Dow's Futures slipped  120 points between 02:00 PM and 03:30 PM today and started recovering within 30 minutes after Indian markets closing.
B- All the European markets started to slip after 02:00 PM today and begun recovering within 30 minutes after Indian markets closing.

Following resistances were updated on 14-03-2016 in "Still Decisive Up Moves Expectations" and also updated many times earlier:-

1- 7500-7543
2- 7556-7600(strong resistances)

As more than 5 hours today trading within above mentioned resistance ranges with Mixed Patterns formations and strong resistances are also lying between 7556-7600 therefore firstly Nifty has to consolidate for decisive up moves above 7600. Good supports above 7405 and equally good resistances below 7600 therefore Nifty will trade sideways and prepare for next decisive moves between 7405-7600 in the coming 1/2 sessions. 

Last 10 sessions trading between 7405-7585 and resistances are up to 7600 therefore it is confirm that valid break out of 7405-7600 will produce more than 3% one sided big moves. As Mixed patterns formations between 7542-7585 today therefore sustaining it beyond will be first indication and should be firstly watched.

As today last hours down moves were on the back of Dow's Futures and European markets therefore view will not be Bearish despite today closing near the lower levels of the day. Valid break out of above mentioned crucial levels should be firstly watched because Nifty has to prepare for next big decisive moves within and near about these levels.

We booked Profit in 1st Minute Today

Although market closed near the lower levels of the day and once also lost more than 100 points today but it should not be understood that market has deceived us because we booked profit in first minute of our buying positions.

As we always talk with those proofs which no one can deny therefore updating life proofs of calls with SMS pictures for showing that we booked our profit in 1st minute at the top of the day today:-

SMS No 1- At 01:40 PM on 16-03-2016-NIFTY-Mar CE(7600)-Buy-Positional-SL-14 & TGT-74-CMP-39(least risky before FOMC)(Lalit39)
SMS No 2- At 09:16 AM on 17-03-2016- NIFTY-Mar CE(7600)-Bought on 16-03-2016-Target achieved,Cover and book profit immediately or may hold with trailling SL at 74-CMP-84(Lalit39)

We always send 2 SMS for each and every call from those fastest websites which deliver SMS within 15 seconds. As we always talk with those proofs which no one can deny therefore updating following live proofs of above mentioned SMS pictures which were sent by us:-

1- SMS No 1 from 1st Website(Trading SMS):-

Just click on above picture for enlarged view of those SMS which were sent by us

2- SMS No 1 from 2nd Website(Trading SMS):-

Just click on above picture for enlarged view of those SMS which were sent by us

3- SMS No 2 from 1st Website(Covering SMS):-

Just click on above picture for enlarged view of those SMS which were sent by us

4- SMS No 2 from 2nd Website(Covering SMS):-

Just click on above picture for enlarged view of those SMS which were sent by us

(As in hurry we sent 2nd covering message wrong(ICICI link was sent) therefore we sent sorry message also after sending covering SMS today)

If unable to read  text in above picture then:-

1- Firstly click on above SMS picture and enlarge it.
2- If unable to read then Save picture on yours desktop and after that  
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.

As we always send 2 SMS for each and every trading call and  2 SMS for each its covering therefore Wherever Our clients are moving they need not to watch market and only have to keep Mobile in their pocket because in any worst condition also minimum 1 SMS will be delivered and our clients will be able to trade and cover without any delay.

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.

Except us who told in whole India

for 
Post FOMC Rally

&

Post Budget Bullish Indian Markets 

Nifty traded 84 points up at 7582.90 within first 3 minutes after opening today but when Nifty was trading at much lower levels in previous sessions then also we told for Post FOMC Rally which is being seen today. 

Live proofs of our 100% accurate predictions of  Post FOMC Rally are as follows:-

Following lines were told on 16-03-2016 in "Post FOMC Rally on Cards":- 

rally continuation is expected after post FOMC announcements tomorrow

Following lines were told on 15-03-2016 in "Post FOMC Up Moves after Follow up Consolidation":- 

Post FOMC up moves after follow up consolidation is being continuously projected since last Friday still holding same view

Following lines were told on 14-03-2016 in "Still Decisive Up Moves Expectations":- 

1- decisive up moves will be seen above 7600 after FOMC announcements on 16th March Mid night.
2- still same view of decisive up moves expectations above 7600

Following lines were told at 12:35 PM on 14-03-2016 in "Mid-session Outlook(14-03-2016)":- 

1- expected that Nifty will trade and prepare between 7405-7600 for post FOMC decisive big moves
2- still same finally Up moves view which was updated yesterday in previous Outlook.

Following lines were told on 13-03-2016 in "Finally Up moves after volatile trading within Crucial Levels":- 

 expected that in every situation(best to worst) Nifty will firstly trade between or near about 7310-7600 with high volatility and finally will move above 7600 decisively without sustaining below 7310. 

Live Proofs of Post Budget Bullish Indian Markets Predictions

Just Click following topic link and verify on yours own our 100% accurate predictions of Post Budget Rally which were done only by us in whole India:-

Pull Back Rally continuation Expectations

Archive(More than 7000 Topics) at the left bottom of this Blog is life proof of such accurate predictions of Indian Stock Markets for the last 5 years. Anyone can verify this fact any time from EOD and intraday charts of last 5 years