100% accuracy Nifty prediction for today

Although Global markets were completely strong but we were cautious therefore we told following line 3 times in previous 4 Outlooks

very short term correction possibility in the coming sessions 

Nifty Fut(Mar) is trading 27 points down now and it proved 100% accuracy of our above prediction.

Post-open Outlook(05-03-2014)

When SGX Nifty was trading 40 points up then we told following lines today in Pre-open Outlook:-

1- but view is cautious
2- sustaining beyond 6300 should be firstly watched today for immediate up moves confirmations

Now Nifty Fut(Mar) is 10 points down now because complete consolidation is required for decisive up moves and sustaining beyond 6300(spot Nifty) should be firstly watched today for those next immediate moves confirmations which have already been updated in previous 2 Outlooks.

Pre-open Outlook(05-03-2014)

As US and European markets closed 1.41% to 2.43% up yesterday therefore sentiment turned strong and all the Asian markets are trading in Green and positive opening will be seen in Indian markets also. Selling patterns seen at higher levels yesterday below 6300 and resistances are above 6320 therefore emergence of very short term correction possibility and complete consolidation is required for decisive up moves.  Yesterday closing near 6300 and sustaining beyond it should be firstly watched today for very short term correction or up moves but after complete consolidation.

SGX Nifty is trading 40 points up at this moment but view is cautious and sustaining beyond 6300 should be firstly watched today for immediate up moves confirmations.

Technical Analysis and Market Outlook(05-03-2014)

Nifty-Intra Day Chart (04-Mar-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 6223-6246
2- Up moves but without force
3- Bearish Rising Wedge formations in last 2 hours
4- Whole day actual trading between 6223-6302

Conclusions from intra day chart analysis 

Firstly lower levels good consolidation and after that strong up moves because Russian President Putin ordered for the withdrawal of army from Ukraine and resultant Dow's Futures also sharply surged more than 100 points. Although today closing near the higher levels of today but selling patterns also developed at higher levels through without force up moves and Bearish Rising Wedge formations in last 2 hours therefore emergence of very short term correction possibility in the coming sessions before fresh rally above 6300/6358. Next resistances are as follows:-

1- 6320-6358
2- 6350-6380

Today closing near 6300 with Bearish patterns formations just below it and next resistances are just above it between 6320-6380 therefore complete consolidation is required for any decisive moves above 6380. Expected that Nifty will trade and prepare for next decisive moves between 6270-6380 in the coming sessions and follow up positions formations between this range will decide following next trends:-

1- Valid break out above 6380 will mean strong rally and new all time high formation.
2- Valid break down below 6270 will mean minimum Short Term correction and Range bound market between 5934-6380.

Pre-closing Outlook(04-03-2014)

As positive news from Ukraine therefore Global markets rally and participation of Indian markets as well. First resistance of following next resistances has been crossed:-

1- 6265-6292
2- 6320-6358
3- 6350-6380

All trends are up and Bullish rally continuation as well as 6300 has been retested today but Short Term Indicators have been overbought therefore very short term correction may be seen in the coming sessions before fresh rally above 6300/6358.

Mid-session Outlook(04-03-2014)

As Russian President Putin ordered for the withdrawal of army from Ukraine therefore sharp 100 points surge in Dow's Futures and that now trading 140 points up as well as strong recovery in Indian markets from lower levels. Following conclusive line was told on 02-03-2014 in Rally Continuation after Very Short Term Correction:-

Expected that finally previous weeks started rally will remain continued in the coming weeks but after Short term correction in the beginning of next week.

Only very Short Term was expected and it is completed after yesterday fall because lower levels good consolidation seen today, its confirmation will be after sustaining above yesterday selling range(6246-6276)

Post-open Outlook(04-03-2014)

As most Asian markets are trading in Green therefore positive opening in Indian markets and firstly sustaining beyond 6213-6226 should be firstly watched today because Nifty traded between this range in last more than 1 hour yesterday with some selling indications. Follow up moves and finally sustaining beyond this range will decide the life of yesterday started correction.

Live Proofs of Profits,Perfect Timing and the Best Services of Indian Stock Markets to Our Paid Clients

As we were Bearish therefore we posted following Weekly Analysis topic on 02-03-2013:-

Rally Continuation after Very Short Term Correction

As we were confirm for today down moves therefore when Nifty was trading near the higher of the day on 03-03-2013 then we sent following call,guidance and covering SMS to our paid clients:-

1- At 09:46 AM:-  NIFTY-Mar PE(6200)-Buy-Positional--SL-44 & TGT-74-CMP-56 NIFTY-Mar Fut-Sell-Positional-SL-6306 & TGT-6229-CMP-6278(Fut rates are given for all trading)(Lalit39)

2- At 01:18 PM:-  NIFTY Mar F&O(Shorted on 03-03-2014)-PE is near target but Just hold and cover after my covering message with trailling SL of PE at 64 & Fut at 6264(Lalit39)

3- At 02:06 PM:-  NIFTY Mar F&O(Shorted on 03-03-2014)-Both Targets achieved,Cover and book profit immediately-CMP Fut-6232/CMP PE-78(Lalit39)

As we always talk with those proofs which no one can deny therefore updating following picture of above SMS sent to our paid clients:-

Website Picture(Trading message):-

Just click on above picture for enlarged view of those SMS which were sent to paid clients

If unable to read  text in above picture then:-

1- Firstly click on above SMS picture and enlarge it.
2- Save picture on yours desktop.
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.

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.

Technical Analysis and Market Outlook(04-03-2014)

Nifty-Intra Day Chart (03-Mar-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6246-6276
2- Last more than 1 hour trading between 6213-6226 with selling indications. 
3- Whole day actual trading between 6213-6276

Conclusions from intra day chart analysis 

Firstly higher levels selling and then down moves as well as closing near the lowest of the day with some selling indications in last hour also today therefore some more down moves possibility towards next support range(6177-6192) and sustaining beyond this range should be first watched tomorrow for next trend confirmations. 

Pre-closing Outlook(03-03-2014)

Whatsoever down moves seen today all that were updated yesterday in previous Outlook and now sustaining beyond next support range(6177-6192) should be watched for next very short Term trend confirmations.

Proofs of our accurate Levels

1- Following line was told on 23-02-2014 in Bullish Rally continuation

Expected that finally up moves toward 6265 will be seen after follow up consolidation in next week.

As was told same happened and Nifty closed at 6,276.95 after highest formation at 6,282.70 last Friday

2- Following lines were told yesterday in Rally Continuation after Very Short Term Correction

slipping possibilities below the lowest of the day(6229)

As was told all that proved 100% accurate today and Nifty  lowest of today is at 6212.25 

Live Proofs of Indian Stock Markets 100% Accurate Predictions

Following lines were told yesterday in Rally Continuation after Very Short Term Correction

1- slipping possibilities below the lowest of the day(6229) despite closing near the highest of the day on 28-02-2014
2- emergence of very short term down possibility in the beginning of next week
3- Short term correction in the beginning of next week.

As was told all that proved 100% accurate today and Nifty is 59 points down with lowest at this moment is at 6216.45 

Except this we sent Nifty selling and Put Option buying call also to our paid clients  near the higher levels of today, its live proofs will also be updated before the opening of tomorrow market.

Rally Continuation after Very Short Term Correction

Technical Analysis,Research & Weekly Outlook

(Mar 03 to Mar 07,2014)

Nifty closed at the top of last 14 sessions last Friday and proved 100% accuracy of our following 3 weekly analysis topics:-

1- Bullish Rally continuation(Posted on 23-02-2014)
2- View is Bullish(Posted on 16-02-2014) 
3- Bullish Week Ahead(Posted on 09-02-2014) 

(Just click on above topic and understand the reasons of our Bullish views since beginning of on going rally)

Nifty-EOD Chart (28-Feb-2014):-

Just click on chart for its enlarged view

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

Conclusions from EOD chart analysis 

All trends are up and Wave-iii of Wave-3 continuation towards new all time high and its possibilities turned high after sustaining above 200-Day EMA in previous weeks as well as saving of up trend.

Nifty-Intra Day Chart (28-Feb-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling patterns formation between 6251-6264
2- Lower levels supports.
3- Whole day actual trading between 6229-6282

Conclusions from intra day chart analysis 

Although lower levels supports but higher levels good selling also therefore slipping possibilities below the lowest of the day(6229) despite closing near the highest of the day on 28-02-2014. 

Conclusions (After Putting All Studies Together)

Bullish rally continuation and all the next resistances of Nifty are as follows:-

1- 6265-6292
2- 6320-6358
3- 6350-6380

Although Nifty closed near the highest of the week last Friday but following selling signals also developed in last 2 sessions:- 

1- Whole day up moves on 27-02-2014 but lacking required force therefore indication of selling.
2- Higher levels good selling on 28-02-2014 despite closing near the highest of the day.

Next immediate resistances are between 6265-6292 and selling patterns formations seen between and below this range in last 2 sessions therefore emergence of very short term down possibility in the beginning of next week and that is due also after 350 points rally in previous month.

Following line was told on 23-02-2014 in Bullish Rally continuation

Expected that finally up moves toward 6265 will be seen after follow up consolidation in next week.

As was told same happened and Nifty closed at 6,276.95 after highest formation at 6,282.70 last Friday

Expected that finally previous weeks started rally will remain continued in the coming weeks but after Short term correction in the beginning of next week.

As I shall  be busy today therefore updating in the Blog may be interrupted or may not be updated today

Pre-closing Outlook(26-02-2014)

All trends are up and whole day up moves today but lacking required force therefore confirmation is required through sustaining above 6200 and should be firstly watched in the coming sessions for further up moves confirmations.

Mid-session Outlook(26-02-2014)

Rally continuation was told in previous Outlook yesterday and it is being seen also since opening today and now trading near the higher levels of the day but up moves are lacking required force therefore sustaining above 6200 will be firstly watched now for further up moves confirmations.

Technical Analysis and Market Outlook(26-02-2014)

Nifty-Intra Day Chart (25-Feb-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6206-6216
2- Consolidation Patterns between 6177-6192
3- Down moves in Bullish Falling Channel in last hour. 
4- Whole day actual trading between 6177-6216

Conclusions from intra day chart analysis 

39 Points range bound trading with higher levels selling but lower levels consolidation and  Bullish Falling Channel formation in last hour also therefore on going rally continuation hopes are alive after intraday correction completion today. All the next resistances of Nifty are as follows:-

1- 6265-6292
2- 6320-6358
3- 6350-6380

As Feb. Derivative expiry tomorrow therefore next moves beyond 6200 should also be firstly watched tomorrow because both selling above it and buying below it today as well as valid break out of today trading range(6177-6216) will be next trend confirmations while finally rally continuation is expected within next 1/2 sessions..

Mid-session Outlook-2(25-02-2014)

Today trading between 6177-6216 with firstly down moves after higher levels some selling but confirmation of lower levels supports and consolidation also therefore on going rally continuation hopes are alive after intraday correction completion. As Feb. Derivative expiry tomorrow therefore next moves beyond 6200 should also be watched.

Mid-session Outlook(25-02-2014)

Although gap up and good above 6200 opening but not strong and Indian markets under performed Global cues therefore following line was told today in Post-open Outlook:-

"emergence of profit booking possibility"

As was told same happened and Nifty slipped after higher levels profit booking and now trading in Red. Minor correction was expected and it is being seen but some consolidation with lower lever levels supports confirmation is still required yet for the stopping of down moves. Let it happen then will be updated accordingly.

Post-open Outlook(25-02-2014)

As Indian markets are under performing Global cues since opening today therefore emergence of profit booking possibility and firstly sustaining beyond psychological level of 6200 should be watched.

NIFTY-Feb Call Option(6200)-Positional Buying of 21-02-2014-Covering

NIFTY-Feb CE(6200)-Bought on 21-02-2014-Cover and book profit immediately-CMP-30(Lalit39)

Technical Analysis and Market Outlook(25-02-2014)

Nifty-Intra Day Chart (24-Feb-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 6132-6155
2- Up moves with continuous consolidations.
3- Whole day actual trading between 6131-6191.

Conclusions from intra day chart analysis 

As most Asian markets were depressing therefore sentiment turned weak and firstly negative zone trading after weak opening today. Firstly lower levels good consolidations and after that whole day up moves with follow up consolidations therefore following lines are being repeated which were today yesterday in Bullish Rally continuation:-

Rally is on and strong up moves continuation possibility is also very much alive but follow up consolidation is firstly required because Nifty closed within next resistance range after lower levels very good consolidation in last 3 weeks. 

Next resistances are between 6130-6180 and once valid break out above 6180 will mean fast and strong rally toward next resistances:-

6265-6292
6320-6358

Expected that finally up moves toward 6265 will be seen after follow up consolidation in next week. 

Live proofs of 100% accurate Levels and Predictions

Today highest formation is at 6181.85 and it proved my following predictions 100% accurate which was done in Pre-closing Outlook on 21-02-2014:-

Nifty will trade above 6180 in next week after follow up consolidations between 6130-6180.

Range of 6130-6180 was given and today trading range at this moment is 6130.80-6181.85

Only Bullish Outlooks were posted in following 3 weekly analysis topics and now Nifty is trading at the highest of February 2014:-

1- Bullish Rally continuation(Posted on 23-02-2014) 
2- View is Bullish(Posted on 16-02-2014) 
3- Bullish Week Ahead(Posted on 09-02-2014) 

Just click on above topic and understand technical reasons of our Bullish views since beginning of on going rally

Mid-session Outlook(24-02-2014)

Now Nifty is trading 12 points up but when was near the lower levels of today and was in Red then we told following line in previous Outlook at 09:44 AM today:-

finally up moves are expected after follow up consolidations

Now Nifty is trading at 6167 and fast rally is expected after sustaining above 6180,should be firstly watched today.

Post-open Outlook(24-02-2014)

As most Asian markets are .50% to 2% down today therefore negative zone trading after weaker opening in Indian markets today. Lower levels good consolidations in previous weeks therefore finally up moves are expected after follow up consolidations because now trading within resistance range(6130-6180) and weak Asian markets also today.

Bullish Rally continuation

Technical Analysis,Research & Weekly Outlook

 (Feb 24 to Feb 28,2014)

Nifty closed at the top of last 14 sessions last Friday and proved 100% accuracy of our following 2 weekly analysis topics:-

1- Bullish Week Ahead(Posted on 09-02-2014) 
2- View is Bullish(Posted on 16-02-2014) 

(Just click on above topic and understand the reasons of our Bullish views since beginning of on going rally)

Nifty-EOD Chart (21-Feb-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

As per previous waves counting:-

1- Wave-ii of Wave-3(5972.45 on 13-11-2013)
2- Wave-iii of Wave-3(6415.25 on 09-12-2013)
3- Wave-iv of Wave-3(5933.30 on 04-02-2014)

As per wave theory Wave-4 of any degree should not bottom below the bottom of Wave-2 of the same degree. As Nifty slipped below the bottom of Wave-ii of Wave-3(5972.45) and recent lowest formation at 5933.30 on 04-02-2014 therefore Waves are being recounted as follows:-  

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
7- 200-Day EMA(today at 6010)

Conclusions from EOD chart analysis 

Short term trend is up and finally Long term trend remained up after sustaining above its decider 200-Day EMA(today at 6010) in previous week. Intermediate term trend is sideways and that will be up after sustaining above 6188.55.

Wave-iii of Wave-3 continuation for new all time high and its possibilities turned high after sustaining above 200-Day EMA and saving of up trend.

Nifty-Intra Day Chart (Jan 24 to Feb 21,2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 21 Sessions intraday charts

1- Huge gap down(6189-6264) opening on 27-01-2014 
2- 20 Sessions(27-01-2014 to 21-02-2014) actual trading between 5934-6189.
3- Firstly down moves after selling between 6130-6180
4- Multiple and strong supports development at lower levels between 5934-6065 in last 14 sessions.
5- Last 4 sessions trading between 6087-6160 with mixed trading patterns.

Conclusions from 21 Sessions intra day chart analysis

20 Sessions(27-01-2014 to 21-02-2014) actual trading between 5934-6189 with lower levels strong supports and higher levels selling and last Friday closing within last resistance range(6130-6180) of 20 sessions. Nifty traded between 6087-6160 with mixed trading patterns and traded within mentioned resistance range also. As more consolidation seen in last 4 sessions between 6087-6160 therefore emergence of break out possibility of last 20 sessions range after follow up consolidation between mentioned resistance range.   

Conclusions (After Putting All Indicators Together)

Rally is on and strong up moves continuation possibility is also very much alive but follow up consolidation is firstly required because Nifty closed within next resistance range after lower levels very good consolidation in last 3 weeks. 

Next resistances are between 6130-6180 and once valid break out above 6180 will mean fast and strong rally toward next resistances:-

6265-6292
6320-6358

Expected that finally up moves toward 6265 will be seen after follow up consolidation in next week.

NIFTY-Feb Call Option(6200)-Positional-Buying Trade

NIFTY-Feb CE(6200)-Buy-Positional-SL-04 & TGT-54-CMP-16(Lalit39)

Pre-closing Outlook(21-02-2014)

As today intraday charts are showing more indications of buying therefore expected that Nifty will trade above 6180 in next week after follow up consolidations between 6130-6180.

Mid-session Outlook(21-02-2014)

Strong resistances are between 6130-6180 and selling was seen between this range on 18-02-2014 and 19-02-2014. Most time trading between 6130-6148 today but intraday patterns are not showing any clear pattern therefore some more preparation is required for decisive moves after sustaining beyond 6130-6180. 

Let market prepare and get confirmation through intraday charts patterns formations then will be updated accordingly. sustaining beyond 6130-6180 should be watched for next big moves confirmations.

Technical Analysis and Market Outlook(21-02-2014)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Lower levels some supports
2- Higher levels some selling
3- Sharp up after more than 1% down European markets opening.
4- Most time trading above 6106
5- Whole day actual trading between 6087-6129

Conclusions from intra day chart analysis 

Firstly almost 6 hours Volatility with lower levels buying and and higher levels selling above 6106. Indian markets out performed global cues and sharply up after more than 1% down opening of European markets therefore a sign of strength also today despite down moves in last hour and closing below 6106.

As mixed pattern formations in first more than 5 hours today above 6106 therefore firstly sustaining beyond 6106 should be watched tomorrow for:-

1- Down moves towards next supports(6045-6065) after sustaining below 6106
2- Firstly consolidation between 6106-6129 after sustaining above 6106 and then 1st sign of any up move after valid break out of 6129.

Sustaining beyond 6106 should be firstly watched tomorrow for above mentioned next moves.

Pre-closing Outlook(20-02-2014)

Volatile markets with mixed(both buying and selling) trading patterns today and now trading below next support levels(6106) and until Nifty will not sustain below it till then next down moves will not be considered therefore sustaining below 6106 should be firstly watched tomorrow for next trend confirmations.

Mid-session Outlook(20-02-2014)

Although Indian markets are more than .50% down at this moment but out performed global cues and good supports seen after opening of much weaker European markets therefore it is a sign of strength and until Nifty will not sustain below today lowest(6106) till then next down moves will not be considered.

Next moves deciding range is 6106-6160 and firstly sustaining beyond this range should be watched now for next moves confirmations.

Technical Analysis and Market Outlook(20-02-2014)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Most time trading between 6128-6144
2- Consolidation between 6128-6135
3- Selling patterns formation between 6136-6144
4- Sharp up in last 21 minutes
5- Whole day actual trading between 6126-6160

Conclusions from intra day chart analysis 

Most time trading between 6128-6144 with firstly consolidation patterns formation and good selling also at higher levels therefore some down moves are expected below today lowest(6126) tomorrow despite sharp up in last 21 minutes today.

Pre-closing Outlook(19-02-2014)

Although firstly consolidation patterns formation and now trading near the higher levels of today but good selling also seen therefore firstly some down moves are expected tomorrow below today lowest(6126)

Mid-session Outlook-2(19-02-2014)

Quiet range bound market and most time trading between 6129-6144 with firstly consolidation patterns formation but selling patterns also emerged in last 1 hour therefore valid break of mentioned range should be firstly watched for next immediate moves confirmations.

Mid-session Outlook(19-02-2014)

As first 2 hours intraday charts are showing consolidation patterns therefore emergence of up moves possibilities above 6140/6180

Post-open Outlook(19-02-2014)

Flat to positive market and preparation for next moves because today trading between immediate resistance range(6130-6180) after last five hours trading between 6110-6141 yesterday. As Bearish Rising Channel formation in last 5 hours up moves yesterday therefore view is cautions and follow up moves with sustaining beyond 6110-6180 will be firstly watched today. 

Expected that Nifty will prepare for next trend between 6110-6180 and sustaining beyond this range will be next big moves confirmations.

Technical Analysis and Market Outlook(19-02-2014)

Nifty-Intra Day Chart (18-Feb-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly sharp up moves.
2- Last 5 hours up moves with Bearish Rising Channel.
3- Whole day actual trading between 6067-6141

Conclusions from intra day chart analysis 

Firstly sharp up immediately after opening but after that last 5 hours up moves with Bearish Rising Channel therefore some down moves can not be ruled out.  Resistances between 6130-6180 and Nifty traded between this range with mentioned Bearish pattern therefore follow up complete consolidation is must for trading above today highest and sustaining above 6180.

As fresh consolidation is required for sustaining above 6180 and it may take 1/2 sessions therefore intraday trading patterns will be firstly watched and then next moves decisive moves will be updated according to intraday charts formations because fresh selling will mean slipping towards next supports range(6045-6065) also.

Now sustaining beyond 6045-6180 should be watched for next trend confirmation.

Mid-session Outlook(18-02-2014)

As was told for in all previous Outlooks same was seen today and Nifty is trading 1% up as well as now trading between next resistance range(6130-6180). As fresh consolidation is required for sustaining above 6180 and it may take 1/2 sessions therefore intraday trading patterns will be firstly watched and then next moves beyond 6130-6180 will be updated accordingly.  

Now sustaining beyond 6130-6180 should be watched for next immediate trend confirmation.

Technical Analysis and Market Outlook(18-02-2014)

Nifty-Intra Day Chart (17-Feb-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns formations and supports between 6045-6065 
2- Whole day actual trading between 6040-6080

Conclusions from intra day chart analysis 

Most of the time sideways trading between 6045-6078 with good consolidation and supports between 6045-6065 therefore emergence of up moves expectations in the coming sessions but next immediate resistances are between 6090-6106 therefore complete follow up consolidation is required for sustaining above 6106.

Nifty will remain sideways between following ranges and will prepare for next trend as well as their valid break out will be next trend confirmations:-

1- 6045-6106
2- 5934-6180

Expected that Nifty will consolidate between above mentioned ranges and finally move above 6106/6180 in the coming sessions.

Pre-closing Outlook(17-02-2014)

Although sharp fall immediately after beginning of Interim Budget speech but most of the time sideways trading between 6045-6078. As more indications of buying therefore expectations of up moves above 6078 but valid break out of 6045-6078 should be firstly watched for confirmations because today sentiment is affected by Interim Budget also.

Post-open Outlook(17-02-2014)

Vote on account after 11:00 AM today and not much expectations from its announcements but some volatility can not be ruled out.

View is Bullish

Technical Analysis,Research & Weekly Outlook

(Feb 17 to Feb 21,2014)

Nifty-EOD Chart (14-Feb-2014):-

Just click on chart for its enlarged view

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(6342.95 on 03-11-2013)
5- Wave-ii of Wave-3(5972.45 on 13-11-2013)
6- Wave-iii of Wave-3(6415.25 on 09-12-2013)
7- Wave-iv of Wave-3(6129.95 on 18-12-2013)
8- Wave-v of Wave-3 failed after 28 sessions trading between 6130-6358.
9- Higher bottom formation in previous week.

Nifty-EOD Chart (14-Feb-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- 40 Sessions trading between 6130-6415 between 02-12-2013 and 28-01-2014.
2- 18 Sessions trading between 6130-6358 with triple top formations
3- Supports at 200-Day EMA in last 12 sessions.
4- 200-Day EMA(today at 6004)

Conclusions from EOD charts analysis 

Intermediate Term Trend is down,Short term is up and Long Term is sideways through hovering around its decider 200-Day EMA(today at 6004) in last 12 sessions.  Wave-v of Wave-3 failed after 28 sessions trading between 6130-6358 and sustaining above 6130 is must for maintaining of:-

1- Wave-v of Wave-3.
2- Whole waves structure formation from 5118.85(on 28-08-2013)
3- Intermediate and Long Trem Trend turning up confirmation.

Multiple resistances between 6130-6358 and strongest resistances are at 6358 because triple top formation there. As last 2 weekly candle formation is "Bullish Hammer" therefore fresh up moves beginning possibility strengthened in previous weeks and let Nifty sustain above 6130 then resistances will be updated.

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- First 4 hours consolidation pattern formations
2- Support between 5985-5998
3- Consolidation pattern formations during up moves
4- Whole day actual trading between 5985-6056 

Conclusions from intra day chart analysis 

As last hour up moves after lower levels consolidation therefore following line is being repeated which was told at 11:45 AM on 14-02-2014 in Mid-session Outlook(14-02-2014):-

"Intraday patterns of today are showing consolidation indications and sustaining above today lowest will mean Short Term up moves towards 6100"

Conclusions (After Putting All Studies Together)

Pull Back Rally beginning with Weekly Bullish Hammer Candle formation in previous 2 weeks and until Nifty will not sustain below the lowest(5934) of previous couple of week till then next down moves will not be considered. As complete follow up consolidation is must for rally above 6358 therefore expected that coming week will be sideways between 5934-6358 and prepare for next big trend.

As last 2 weekly candle formation is "Bullish Hammer" therefore deeper down moves will not be immediately considered because following supports developed in previous couple of weeks:-

1- 5985-5998
2- 5966-5992
3- 5963-5975
4- 5934-5954

As following immediate resistances therefore follow up consolidation is must for the beginning of fresh rally and confirmation of sustaining above Long Term Trend decider 200-Day EMA.

1- 6090-6106
2- 6130-6180

Nifty closed at 6048 in previous week with supports up to 5934 and resistances up to 6180 therefore Nifty will remain sideways between 5934-6180 and prepare for next trend. As following positive technical points therefore view is Bullish and rally continuation is expected after follow up consolidations:-

1- Closing above Long Term Trend decider 200-Day EMA(today at 6004)
2- Multiple supports developed in previous 2 weeks below 200-Day EMA.
3- Bullish Hammer candle formation in previous 2 weeks. 
4- Higher bottom formation in previous week

Mid-session Outlook(14-02-2014)

Intraday patterns of today are showing consolidation indications and sustaining above today lowest will mean Short Term up moves towards 6100.

Technical Analysis and Market Outlook(14-02-2014)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day down moves.
2- Whole day actual trading between 5991-6094

Conclusions from intra day chart analysis 

Sentiment turned depressed today because:- 

1- All the Global markets were trading and closed in Red.
2- Dow's Futures continuously moved down and one time it slipped 80 points.
3- Historical uproar in Parliament today.

As higher levels good selling yesterday and sentiment was dampened since opening today therefore whole day only continuous down moves and testing of next supports below 6000. Next supports are as follows:-

1- 5966-5992
2- 5963-5975
3- 5934-5954

Long Term Trend decider 200-Day EMA(today at 6003) will decide next big trend and until Nifty will not sustain below it till then view will be Bullish and rally expectation will remain alive despite today closing at lowest of the day after loosing 1.36% points. Long Term Trend turning down confirmation will be after sustaining below last support range(5934-5954) and firstly sustaining beyond 5934(last support)-6003(200-Day EMA) should be watched.

Indian markets are not trending but sideways between 5934-6106 and Nifty will firstly prepare within it for next trend as well as will take its own time in this process. Valid break out of this range will be next trend confirmation and should be watched.

Pre-closing Outlook(13-02-2014)

Sentiment turned depressed today after all the Global markets trading in Red and Dow's Futures 74 points down as well therefore whole day down moves. Long Term Trend decider 200-Day EMA(today at 6003) will decide next trend and sustaining beyond it should be watched in the coming sessions for its confirmations. As multiple supports below it therefore Nifty will not sustain below it easily and following line should be kept in mind which was told in all 3 previous Outlooks:-

now Nifty will remain sideways between 5934-6106 and prepare for next trend,valid break out of this range will be next trend confirmation.

Mid-session Outlook(13-02-2014)

As good selling at higher levels therefore following lines were told both previous Outlooks yesterday:-

1- As higher levels selling and lower levels supports between 5934-6106 therefore Indian markets will be understood range bound and Nifty will firstly prepare for next trend within or near about this range

2- Confirm selling near about 6100 today and now Nifty will remain sideways between 5934-6106 and prepare for next trend,valid break out of this range will be next trend confirmation.

view is still Bullish and rally continuation is expected despite down moves since opening today. Next supports should be firstly watched now which have been updated yesterday. Let down moves stop and consolidation start then fresh up moves will be considered.

Technical Analysis and Market Outlook(13-02-2014)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 6096-6106
2- Follow up selling between 6090-6096
3- Down Moves in Bullish Falling Channel in last more than 4 hours.
4- Whole day actual trading between 6078-6106

Conclusions from intra day chart analysis 

Although whole day positive zone trading after gap up opening but good selling at higher levels therefore down moves after follow up selling. As down moves were in Bullish Falling Channel and it is consolidation pattern therefore deeper down moves will not be immediately considered  and following supports should be watched:-

1- 6053-6065
2- 5966-5992
3- 5963-5975
4- 5934-5954

Immediate resistance ranges are as follows:-

1- 6090-6106(today selling)
2- 6086-6097(Previous resistance)

Long Term trend is up and lower levels above mentioned supports also therefore view is Bullish and rally continuation is still expected despite today closing near the lowest of today. As higher levels selling today therefore some down moves can not be ruled out in the coming session but complete selling is required for decisive down moves because multiple supports at lower levels and should be kept in mind that once sustaining above 6106 will mean strong rally.

As higher levels selling and lower levels supports between 5934-6106 therefore Indian markets will be understood range bound and Nifty will firstly prepare for next trend within or near about this range. Follow up moves and valid break out of this range will be next trend confirmation therefore  should be firstly watched in the coming sessions.

Mid-session Outlook(12-02-2014)

Confirm selling near about 6100 today and now Nifty will remain sideways between 5934-6106 and prepare for next trend,valid break out of this range will be next trend confirmation.

Technical Analysis and Market Outlook(12-02-2014)

Nifty-Intra Day Chart (11-Feb-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 6054-6065 
2- 2 Hours long down moves in Bullish Falling Channel
3- Selling between 6068-6076
4- Whole day actual trading between 6054-6081

Conclusions from intra day chart analysis 

Although some selling but more than 2 hours down moves in Bullish Falling Channel which is consolidation patterns therefore emergence of rally continuation expectations above 6100 after crossing next resistance range(6086-6097).

As  selling also seen therefore some down moves can not be ruled out but rally continuation hopes are alive after follow up consolidation despite today closing near the lower levels of the day.

Pre-closing Outlook(11-02-2014)

Some up moves after lower levels supports and consolidation and then last more than 2 hours down moves in Bullish Falling Channel which is consolidation patterns as well therefore emergence of rally continuation expectations above 6100 after crossing next resistance range(6086-6097).