Pre-Closing Outlook(30-07-2013)

As Indian Rupee turned more than 1% weak today and neutralised all steps by RBI to support it in previous weeks therefore sentiment depressed and continuous slipping of Indian Stock markets. Long Term Trend decider 200-Day EMA is at 5792 and Nifty is trading below it today once confirmations of sustaining below it will mean entering into Bearish phase as well as its possibility is high now.

corrective Wave-C continuation and following lines are being repeated which were told at 08:20:00 AM yesterday in "Last hope for Bulls at 5792"

Now almost confirmation of corrective Wave-C continuation after completion of Wave-A and B and its target will be below the bottom of Wave-A(5566.25).

Mid-session Outlook(30-07-2013)

Although Indian markets closed near the lower levels of the day yesterday but we did not posted Bearish views because last 2 Sessions down moves within Bullish Falling Channel and resultant Nifty was .40% up today. View is same that firstly volatility and after that finally down moves are expected because corrective Wave-C continuation.

Post-open Outlook(30-07-2013)

As last 2 Sessions down moves within Bullish Falling Channel therefore therefore Indian markets opened positive and now again Green after some recovery from lower levels despite weakening of Indian Rupee today. Some volatility is expected before and after RBI Credit Policy and if nothing encouraging for markets then sharp down will be seen because corrective Wave-C continuation.

Technical Analysis and Market Outlook(30-07-2013)

Nifty-Intra Day Chart (Jul 26 & Jul 29,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- 2 Sessions Down moves within Bullish Falling Channel.
3- 2 Sessions actual trading between 5827-5944 

Conclusions from 2 Sessions intra day chart analysis 

Long Term Trend is up, Intermediate and Short Term Trends turned down after the beginning on going Wave-C correction. Last 2 sessions continuous down moves but within Bullish Falling Channel therefore sharp up moves or intraday volatility can not be ruled out after any positive announcement in RBI Credit policy tomorrow and/or FOMC meet after 30-31 July 2013.

As corrective Wave-C continuation and finally down moves are expected therefore volatility for the cutting of both sides stop losses is expected in the coming sessions,as it was seen today and both new intraday high and new intraday low formation  was seen after 12:30 PM in Nifty Jul Fut.

Pre-Closing Outlook(29-07-2013)

Although down moves after new intraday high formations but new intraday low formation also today therefore trading patterns are suggesting only volatility and decisive moves will be expected after Credit policy but high volatility before and after its announcements may be seen again tomorrow. As today all down moves are showing Bullish Falling Channel formations therefore some up moves,Bounce Back or minor Pull Back Rally can not be ruled out but corrective Wave-C continuation and finally down moves are expected.

Mid-session Outlook-2(29-07-2013)

Nifty July Fut traded at 5923 at 12:36 PM today but when it was trading at 5897 at 11:53 AM then following line was told today in previous Outlook:-

Indian markets are more than .50% down but again down moves are within Bullish Falling Channel therefore emergence of Bounce back possibility.

As lower levels supports today and same formations seen last Friday also therefore some Up moves and Pull Back rally will be considered if Nifty sustains above 5927. It should be kept in mind that corrective Wave-C continuation and once sustaining below today lowest will mean correction continuation with deeper  correction possibility.

Mid-session Outlook(29-07-2013)

Although US markets closed flat last Friday but its Futures are weak since morning today and all the Asian markets are also sufficiently negative today morning therefore sentiment is weak and Indian markets are more than .50% down but again down moves are within Bullish Falling Channel therefore emergence of Bounce back possibility.

Last hope for Bulls at 5792

Technical Analysis,Research & Weekly Outlook

(Jul 29 to Aug 02,2013)

 Nifty-EOD Chart (26-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion)
2- Wave-1(5629.95 on 22-02-2012)
3- Wave-2(4770.35 on 04-06-2012)
4- Wave-3(6111.80 on 29-01-2013)
5- Wave-4(5477.20 on 10-04-2012)
6- Wave-5(6229.45 on 20-05-2013) and 'ABC' correction continuation.
7- Wave-A(5566.25 on 24-06-2013)
8- Wave-B(6093.35 on 23-07-2013)
9- Wave-C continuation

Waves structure of ongoing 'ABC'correction

Nifty-EOD Chart (26-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-5 top formation at 6229.45 on 20-05-2013 and corrective Wave-A continuation
2- Wave-v of Wave-A completion(5566.25 on 24-06-2013) 
3- Wave-v of Wave-B completion(6093.35 on 23-07-2013) 
4- Wave-c continuation with bottom formation at 5869.50 on 26-07-2013

Nifty-Intra Day Chart (26-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves with Bullish Falling Channel in first 4 hours.
2- Last 2 hours consolidations between 5870-5885
3- Whole day actual trading between 5870-5944

Conclusions (After Putting All Indicators Together)

Long Term Trend decider 200-Day EMA is at 5792 and previous closing is well above it at 5886.20 on 26-07-2013 therefore Long Term Trend is up but corrective Wave-C continuation and Short Term Trend is down as well as Intermediate Term Trend will be down after closing below 5888. As 'ABC' correction begun after 5 waves of Bullish market completion at 6229.45 on 20-05-2013 therefore correction of whole up moves will be seen which started from 4531.15 on 20-12-2011. Now almost confirmation of corrective Wave-C continuation after completion of Wave-A and B and its target will be below the bottom of Wave-A(5566.25).

Next resistances are as follows:- 

1-5957-5990 
2-6040-6093
3-6094-6130

Next supports are as follows:- 

1-5870--5885
2-5792(Long Term Trend decider 200-Day EMA)
3-5787-5810(Crucial support range)
4-5762-5781
5-5566-5595

As first 4 hours down moves with Bullish Falling Channel formations therefore Bounce back seen last Friday and next decisive down moves confirmation will be after sustaining below 5870 because consolidations also seen above it in last 2 hours. As corrective Wave-C continuation therefore down moves are expected after development of follow up selling and finally sustaining beyond 5792(Long Term Trend decider 200-Day EMA) should be watched in the coming week for the confirmations of deeper correction below it and it is last hope for Bulls also.

Just click following topic links previous weekly analysis also for detailed anylysis:-

1-Posted on 22-07-2013:-Indian markets on the verge of correction
2-Posted on 15-07-2013:-Technical Analysis,Research & Weekly Outlook(Jul 15 to Jul 19,2013)

Pre-Closing Outlook(26-07-2013)

Nifty traded at 5919 at 2:36 PM today but when:-

1- Nifty was trading near the lowest of today at 5876 at 2:09 PM then following line was told today in Mid-session Outlook-3:-

next decisive down moves after Bounce back/Minor Pull Back Rally should be kept in mind.

2- Nifty was trading .45% down at 1:37 PM then following line was told today in Mid-session Outlook-2:-

a Bounce back possibility should be kept in mind.

As supports seen at lower levels today therefore next decisive down moves confirmation will be after sustaining below today lowest(5870)

Mid-session Outlook-3(26-07-2013)

Although view is Bearish but today whole day down moves with Bullish Falling Channel formation therefore next decisive down moves after Bounce back/Minor Pull Back Rally should be kept in mind.

Mid-session Outlook-2(26-07-2013)

Although Nifty is more than .45% down but Today down moves are showing consolidation indications and Bullish Falling Channel formation also seen therefore a Bounce back possibility should be kept in mind.

Mid-session Outlook(26-07-2013)

Although some up moves after opening but loosing all intraday gains also after higher levels minor selling but some supports seen at lower levels and very short Term indicators are Oversold therefore today trading range(5898-5944) valid break out should be firstly watched for next immediate moves confirmations.

Post-open Outlook(26-07-2013)

As US markets recovered from lower levels yesterday and Indian Rupee strengthened today morning therefore positive opening and relief rally(minor up moves) is being seen.

Expected that finally down moves will be seen after fresh selling in the coming sessions.

Technical Analysis and Market Outlook(26-07-2013)

Nifty-Intra Day Chart (25-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly more than 4 hours selling between 5957-5990 
2- Whole day actual trading between 5903-5990 

Conclusions from intra day chart analysis 

Firstly more than 4 hours selling and after that continuous down moves as well as closing near the lower levels of the day therefore decisive down moves seen yesterday. 

As very short term trend has been oversold therefore minor up moves possibility can not be ruled out but almost confirmation of corrective Wave-C and expected that finally down moves will be seen in the coming sessions.

Technical Analysis and Market Outlook(25-07-2013)

Nifty-Intra Day Chart (24-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1-Selling between 6020-6045 
2- Sharp fall
3- Last 5 hours trading between 5961-5999
4- Support between 5964-5975 in last 5 hours
5- Selling between 5981-5996 in last 5 hours
6- Whole day actual trading between 5964-6045

Conclusions from intra day chart analysis 

As up moves despite selling patterns formations in previous 3 sessions and on the back of only global positive news flows therefore only Bearish views were updated and resultant sharp fall seen yesterday. High possibility of corrective Wave-C beginning and following supports should be watched for its confirmations and deep down moves possibilities:-

1- 5911
2- 5761

Mid-session Outlook(24-07-2013)

Whatsoever is being happened in Indian markets today,all that are being continuously daily told for the last 4/5 days therefore quiet today and just telling for going through previous Outlooks and and prepare yourself for coming sessions trading.

Technical Analysis and Market Outlook(24-07-2013)

Nifty-Intra Day Chart (23-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6083-6093 
2- Whole day actual trading between 6065-6093

Conclusions from intra day chart analysis 

28 Points sideways trading after strong Asian cues lead gap up opening but selling patterns formations also seen at higher levels therefore same bearish view which has already been updated in previous Outlooks and expected that Indian markets will not sustain at higher levels and finally down moves will be seen in the coming sessions.

Mid-session Outlook(23-07-2013)

Although Indices traded most time with more than .70% gains and also trading more than .70% up at this moment but selling patterns formation seen also today therefore same bearish view which has already been updated in previous Outlooks.

Post-open Outlook(23-07-2013)

Although slipping from higher levels after good selling in last 2 sessions but most Asian markets are strong today after good recovery in US Futures therefore continuous up moves are being seen in Indian markets also.

As today up moves are global sentiment generated but selling in previous 2 sessions therefore expected that Indian markets will not sustain at higher levels and down moves will be seen within next 2/3 sessions after fresh follow up selling and Short covering.

Pre-open Outlook(23-07-2013)

Most Asian markets are trading strong therefore sentiment is good today morning and positive opening will be seen in Indian markets but good selling seen at higher levels in last 2 sessions and expected that finally down moves will be seen after follow up selling in the coming sessions.

Emergence of Corrective Wave-C beginning Possibility

Technical Analysis and Market Outlook
(23-07-2013)

Nifty-Intra Day Chart (22-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6048-6064 
2- Whole day actual trading between 6018-6064 

Conclusions from intra day chart analysis 

Following resistance ranges were updated on 15-07-2013 in Technical Analysis and Market Outlook(16-07-2013):- 

1- 6040-6061
2- 6072-6130(Strong resistance range)

Nifty hovered around above mentioned 1st resistance range in last 2 sessions and traded most time between 6018-6064 with follow up selling between following ranges:-

1- 6049-6062(19-07-2013)
2- 6048-6064(22-07-2013)

1st resistance range strengthened after follow up selling in last 2 sessions and emergence of corrective Wave-C beginning possibility as well as decisive down moves are expected in the coming sessions.

Pre-Closing Outlook(22-07-2013)

When Indian markets were trading near the higher levels of today then following line was told in previous Outlook at 01:26 PM:-

"As without force slow up moves therefore again emergence of correction beginning signals after last Friday higher levels selling"

Market slipped from higher levels,last 5 hours up moves neutralised and Nifty is trading near the lower levels of today after good selling at higher levels. 

Correction beginning possibility increased today and confirmations will be after sustaining below 5911.

Mid-session Outlook(22-07-2013)

As without force slow up moves therefore again emergence of correction beginning signals after last Friday higher levels selling and sustaining beyond 5911-6072 should be firstly for next trend confirmations.

Indian markets on the verge of correction

Technical Analysis,Research & Weekly Outlook

 (Jul 22 to Jul 26,2013)

Nifty-EOD Chart (19-Jul-2013)

Just click on chart for its enlarged view

Conclusions from Daily Indicators and Averages Analysis 

Averages(EMA-8,21,55,200)- Averages are as follows:

8 Day EMA is at- 5973
21 Day EMA is at- 5904
55 Day EMA is at- 5881
200 Day EMA is at- 5783

Indicators Analysis:

1- Bollinger Band- Nifty is trading just below Upper Band and indicating correction beginning possibility.
2- Slow Stochastic- in Overbought zone and indicating correction beginning possibility.
3- MACD- MACD is above average line and moving upward in positive zone but 27.2 points divergence in both lines therefore showing an indication of correction also.
4- ROC and RSI- Both lines are just below overbought zone but showing negative divergence therefore indicating correction beginning possibility.

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6049-6062 
2- Whole day actual trading between 6022-6062

Conclusions from intra day chart analysis 

Whole day sideways 40 points trading between 40 points with higher levels good selling and down moves indications from intraday charts.

Conclusions (After Putting All Indicators Together)

Following line was told on 15-07-2013 in Technical Analysis,Research & Weekly Outlook(Jul 15 to Jul 19,2013)

firstly trading patterns between mentioned crucial retracement levels(5975-6072) should be watched in the coming sessions.

Following resistance ranges were updated on 19-07-2013 in Technical Analysis and Market Outlook(19-07-2013) 

Next resistances are as follows:- 

1- 6040-6061
2- 6072-6130(Strong resistance range) 

Just click above given both topic links also and understand Long Term to Short Term Waves structure and crucial levels.

Nifty slipped below 5975 after negative news from RBI and could not sustain below 5975 but no up moves above 6072 also as well as traded whole previous week within 5911-6067 with lower levels supports and higher levels selling therefore next trend decider range is finalised between 5911-6072 and should be firstly watched for next trend confirmations in the coming week.

All trends are up but indicators are showing that Indian markets are on the verge of correction beginning. Although complete selling patterns are required on intraday and Daily charts for the beginning of correction and decisive down moves but also expected that Indian markets will finally move down after follow up selling in next week. 

As selling between 6049-6062 last Friday therefore until Nifty will not sustain above 6062 till then next up trend will not be considered and sustaining beyond 5911-6072 should be firstly for next trend confirmations in next week.

FII Trading Data in Derivatives Segment on 19-Jul-2013

FII & DII trading activity in Capital Market Segment on 19-Jul-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 19-Jul-2013 3396.35 3144.09 252.26

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 19-Jul-2013 1364.17 1593.27 -229.1

Indian Stock Markets Closing Reports(19-Jul-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.34
Total Options Put Call Ratio: 1.22
Nifty P/E Ratio(19-Jul-2013): 18.30
Nifty P/B Ratio(19-Jul-2013):  3.09
Dividend Yield (19-Jul-2013):  1.37

Advances & Declines

BSE Advances : 1,015
BSE Declines : 1,325
NSE Advances :   519
NSE Declines :   822

Nifty Open Interest Changed Today

Nifty- 5700  CE(Jul)- -111,900(-8.18%)
Nifty- 5700  PE(Jul)- -1,540,650(-25.00%)

Nifty- 5800  CE(Jul)- -141,400(-5.60%)
Nifty- 5800  PE(Jul)- -841,600(%-9.27)

Nifty- 5900  CE(Jul)- -544,600(-15.30%)
Nifty- 5900  PE(Jul)-  1,287,200(14.95%)

Nifty- 6000  CE(Jul)- -178,800(-2.92%)
Nifty- 6000  PE(Jul)-  502,850(8.06%)

Nifty- 6100  CE(Jul)- -62,750(-1.09%)
Nifty- 6100  PE(Jul)-  272,650(9.09%)

Closing 

Sensex- closed at 20,149.85(21.44 Points & 0.11%)
Nifty- closed at 6,029.20(-8.85 Points & -0.15%)
CNX Midcap - closed at 7,408.10(-60.20 Points & -0.81%)
CNX Smallcap- closed at 2,908.45(-17.15 Points & -0.59%)

Nifty Spot-Levels & Trading Strategy for 22-07-2013

Nifty Spot-Levels

R3 6102
R2 6084
R1 6056
Avg 6038
S1 6010
S2 5992
S3 5964

Nifty Spot-Trading Strategy

H6 6075     Trgt 2
H5 6064     Trgt 1
H4 6054     Long breakout
H3 6041     Go Short
H2 6037
H1 6033
L1 6024
L2 6020
L3 6016     Long
L4 6003     Short Breakout
L5 5993     Trgt 1
L6 5982     Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 22-07-2013

Nifty(Jul Fut)-Levels

R3 6106
R2 6090
R1 6066
Avg 6050
S1 6026
S2 6010
S3 5986

Nifty(Jul Fut)-Trading Strategy

H6 6082     Trgt 2
H5 6073     Trgt 1
H4 6064     Long breakout
H3 6053     Go Short
H2 6049
H1 6045
L1 6038
L2 6034
L3 6031     Long
L4 6020     Short Breakout
L5 6010     Trgt 1
L6 6001     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 22-07-2013

Bank Nifty(Jul Fut)-Levels

R3 11496
R2 11378
R1 11187
Avg 11069
S1 10878
S2 10760
S3 10569

Bank Nifty(Jul Fut)-Trading Strategy

H6 11307     Trgt 2
H5 11237     Trgt 1
H4 11166     Long breakout
H3 11081     Go Short
H2 11053
H1 11025
L1 10968
L2 10940
L3 10912     Long
L4 10827     Short Breakout
L5 10756     Trgt 1
L6 10686     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Jul 22 to Jul 26,2013)

Nifty Spot-Weekly Levels

R3 6248
R2 6157
R1 6093
Avg 6002
S1 5938
S2 5847
S3 5783

Nifty Spot-Weekly Trading Strategy 

H6 6187     Trgt 2
H5 6150     Trgt 1
H4 6114     Long breakout
H3 6071     Go Short
H2 6057
H1 6043
L1 6014
L2 6000
L3 5986     Long
L4 5943     Short Breakout
L5 5907     Trgt 1
L6 5870     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Jul 22 to Jul 26,2013)

Bank Nifty Spot-Weekly Levels

R3 12562
R2 12187
R1 11580
Avg 11205
S1 10598
S2 10223
S3 9616

Bank Nifty Spot-Weekly Trading Strategy 

H6  11967    Trgt 2
H5  11740    Trgt 1
H4  11513    Long breakout
H3  11243    Go Short
H2  11153
H1  11063
L1  10882
L2  10792
L3  10702    Long
L4  10432     Short Breakout
L5  10205    Trgt 1
L6  9978    Trgt 2

Mid-session Outlook-2(19-07-2013)

1st resistance range(6040-6061) was updated in Technical Analysis and Market Outlook(19-07-2013) and Nifty is hovering around this range since opening as well as traded within 6027-6062 today with lower levels supports and higher levels selling.

As higher levels selling seen within resistance range today therefore decisive down moves will be considered after valid breaking down of 6027,firstly it should be watched in the coming week. Next immediate moves confirmation will be sustaining beyond 6027-6062. 

Mid-session Outlook(19-07-2013)

Nifty slipped below 6040 after Some selling but recovered also from lower levels and now again trading within mentioned 1st resistance range(6040-6061) after some lower levels supports. Both lower levels supports and higher levels selling seen within 6027-6060 today and no final conclusions from intraday patterns yet. It should be kept in mind that complete selling patterns are required for any decisive down moves from present trading levels.

Post-open Outlook-2(19-07-2013)

Some selling patterns seen today.

Post-open Outlook(19-07-2013)

As some recovery in US Futures and Asian markets therefore sentiment improved and positive zone trading seen within 1st resistance range(6040-6061) after gap up opening. Although Nifty is trading with some gains but its Futures is trading flat and its premium reduced by 10 points. Although it is a negative indication but today intraday chart has not shown any selling pattern formation yet therefore firstly mentioned resistance break out should be watched for next immediate moves confirmations.

Technical Analysis and Market Outlook(19-07-2013)

Nifty-EOD Chart (18-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-5 top formation at 6229.45 on 20-05-2013 and 5 waves correction continuation
2- Wave 1(5936.80 on 24-05-2013)
3- Wave 2(6133.75 on 30-05-2013)
4- Wave 3(5683.10 on 13-06-2013)
5- Wave 4(5863.40 on 13-06-2013)
6- 5566.25 on 24-06-2013 and corrective Wave-A completion.
7- Wave-a of Wave-B(5904.35 on 19-07-2013)
8- Wave-b of Wave-B(5760.40 on 03-07-2013)
9- Wave-c of Wave-B continuation with top formation at 6051.10 on 19-07-2013

Conclusions from EOD chart analysis 

As US Futures were weak yesterday therefore all Asian markets were weak and European markets also opened in Red but sudden jump seen in all European and Indian markets after sudden surge in US Futures yesterday. Although US markets closed with good gains yesterday but Dow's Futures is trading is 50 points down today morning and most Asian markets are trading in Red today morning as well as SGX Nifty also traded 29 points down today morning. 

Wave-B 18 sessions with high volatility,gap down and gap up opening from FOMC news and most fluctuating cues from US markets/Futures as well as new top formation yesterday. Next resistances are as follows:- 

1- 6040-6061
2- 6072-6130(Strong resistance range) 

Although complete selling patterns are required on daily and intraday charts for the beginning of Wave-c after Wave-B completion but highly volatile last 18 sessions of Wave-B. Nifty traded between first resistance range yesterday and but 2nd resistance range is strong. As 76.4% retracement level is at 6072 therefore sustaining it beyond should be watched today and in the coming sessions for continuation/completion of Wave-c of Wave-B.  

As busy therefore next Outlook will be updated tomorrow

Technical Analysis and Market Outlook(18-07-2013)

Nifty-Intra Day Chart (17-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5973-5988 
2- Support between 5926-5935
3- High volatility in last hours
3- Whole day actual trading between 5926-5988

Conclusions from intra day chart analysis 

Although Bullish news of 2nd round of FDI reforms but firstly 4 hours selling and after that fast slipping from higher levels. High volatility in last hours and lower levels supports also seen therefore if sentiment does not remain boiling tomorrow morning then Nifty will firstly trade within today trading range and prepare for next trend. As higher levels good selling and lower levels minor supports today therefore down moves possibility is high and it should be kept in mind that once forceful break down or sustaining below 5918 will mean sharp fall possibility after corrective Wave-C confirmation.

As both lower levels supports and higher levels selling between 5926-5988 today therefore firstly valid break out of this range should be watched tomorrow.

Pre-Closing Outlook(17-07-2013)

Although strong news flow but we never posted any Bullish view because intraday charts of previous sessions were showing selling patterns formations. When Nifty was trading near higher levels of today then also we told following line in previous Outlook:-

now trading near higher levels of today but with selling patterns indication and view is cautiously bearish

Now Nifty is trading above next support range(5918-5930) and and it is last hope for Bulls.  

Mid-session Outlook(17-07-2013)

Nifty traded between 5963-5989 after gap up opening and now trading near higher levels of today but with selling patterns indication and view is cautiously bearish,mentioned today trading range valid break out will be next trend strong indication. 

Pre-open Outlook(17-07-2013)

Asian markets are mixed today morning after US and European markets negative opening yesterday and Govt announced 2nd round of FDI reforms yesterday therefore some intraday up moves and intraday volatility can not be ruled out today after positive opening today. View is cautious and not Bullish because selling signals seen in intraday charts of both previous sessions. 

As big decision from Govt yesterday therefore its positive reaction will be seen on Indian markets today and good up moves will be seen in those sectors also which are broadly opened for foreign investments. Although view is still not Bullish and finally Wave-C correction is still expected but following levels valid break out will be firstly watched for next trend first indication/confirmations:- 

1-5960-6020(Next trading range and Nifty will firstly prepare for trend within this range)
2-6023-6034(Break out will be strong rally confirmation)
3-5930-5955(Break down will be first indication of Wave-C correction and confirmation will be below 5918)

Let market prepare,take positions for next  decisive moves and intraday charts start to form patterns accordingly then next trend will be updated in the same manner as being done for the last more than 3 years.

Technical Analysis and Market Outlook(17-07-2013)

Nifty-Intra Day Chart (16-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly selling patterns formations.
2- Whole day up moves in Bearish Rising Channel.
3- Most time trading between 5930-5955 
3- Whole day actual trading between 5930-5966 

Conclusions from intra day chart analysis 

Firstly gap down opening and then up moves after bottom formation at 11:30 AM as well as closing near the higher levels of the day today. Most time trading between 5930-5955 and up moves seen within this range in Bearish rising Channel therefore no up moves confirmation from intraday charts formations despite today closing near higher levels of the day. As some selling patterns formations in first hour and Whole day up moves in Bearish rising Channel also seen therefore finally down moves below today lowest can not be ruled out but confirmation is firstly required through  valid breaking out of above mentioned most time trading range(5930-5955).

It should also be kept in mind that after valid breaking down of following levels will be corrective Wave-C confirmation and deeper correction as well:-

1- 5930
2- 5918

As selling indication seen in today intraday charts therefore finally down moves below 5918 turned alive today.

Pre-Closing Outlook(16-07-2013)

Firstly most time trading between 5930-5955 and now trading above 5955 but as such no buying patterns seen today and recent up moves above 5955 may be for short covering of those who would have shorted under depressed sentiments immediately after gap down opening today.

Firstly sustaining beyond 5955 should be watched today for next moves first indication.

Mid-session Outlook(16-07-2013)

Although recovery from lower levels after gap down opening but most time trading between 5930-5955 and firstly sustaining beyond this range should be watched for next immediate move confirmations. It should be kept in mind that after valid breaking down of following levels will be corrective Wave-C confirmation and deeper correction as well:-

1- 5930
2- 5918

As busy therefore Mid-session Outlooks have not been updated yet and will be posted after some time today

Live Proofs of Put Options buying in last Minutes yesterday

SGX Nifty is 90 points down today but when European markets and US Futures were trading with good gains yesterday then intraday charts confirmed us selling indications in last minutes yesterday therefore we sent 5900 Put Option buying SMS to our paid clients. As call was prepared in hurry therefore there were some typing mistakes but it was our confidence that market will certainly move down today therefore we sent 2 Put Option buying SMS in last 5 minutes and bought Put options near the lowest rates of the day.

Live Proofs of Put options buying near the lowest rates of the day

We always send same SMS through 2 websites and SMS pictures from both sites are as follows If unable to read SMS then just save SMS picture on yours computer and read SMS through enlarging of Picture.:-

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Technical Analysis and Market Outlook(16-07-2013)

Nifty-Intra Day Chart (15-Jul-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5980-6000
2- Up moves in Bearish Rising Channel.
3- Last 3 hours trading between 6023-6034 with mixed trading patterns formations
3- Whole day actual trading between 5980-6038

Conclusions from intra day chart analysis 

Next resistances are as follows:- 

1- 6040-6061
2- 6072-6130(Strong resistance range)

Up moves in Bearish Rising Channel after lower levels supports and last 3 hours trading between 6023-6034 with mixed trading patterns formations. It means that selling also seen in last 3 hours after Bearish Rising Channel formations therefore emergence of 1st selling indication today. As selling indication just below next resistance range(6040-6061) therefore if follow up selling develops in the coming session then very short term down moves will be considered.

Corrective Wave-C beginning possibility turned alive today but lot of selling patterns are required in intraday and Daily charts for decisive down trend and should be firstly watched in the coming sessions. Following ranges valid break out should be also be watched tomorrow for next moves first strong indication:-

1- 6023-6038
2- 5980-6038

Mid-session Outlook-2(15-07-2013)

Indian markets out performed,recovered from lower levels after some supports and last almost 2 hours trading between 6023-6034 with mixed trading patterns formations but lot of selling is required for decisive down moves. Now follow up moves within and near about 6023-6034 should be firstly watched,let selling confirmation come then corrective Wave-C beginning will be considered.    

Mid-session Outlook(15-07-2013)

Although weak IIP data last Friday and .70% weak rupee today but Indian markets are not as much weak and out performing as well as trading sideways and with minor losses after weak opening. It is confirm that until complete selling patterns will not develop on daily and intraday charts till then decisive down moves will not start.