First 4 hours sideways trading but lower levels broken down forcefully after sharp fall in all European markets and US Futures(Dow' Futures trading more than 100 points down now). Termination of bounce back possibility and correction continuation.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Mid-session Outlook(24-06-2013)
Although sentiment is completely depressed today after Shanghai Composite turning more than 4.5% down but Indian markets are out performing global cues since opening today and almost 1% down. Some selling at higher levels but emergence of consolidation signals also at lower levels today therefore firstly sustaining below 5607(now trading at 5604) will be firstly watched today for next immediate down moves confirmations.
Post-open Outlook-3(24-06-2013)
As Indian markets are less down than Global markets therefore out performing and today first hour trading range(5607-5636) valid break out should be watched for next immediate moves confirmations.
Post-open Outlook-2(24-06-2013)
Shanghai Composite is more than 3% down and Hang Seng is more than1.5% down but Indian markets are less than 1% down and out performing today therefore volatility will remain high.
Post-open Outlook(24-06-2013)
Weak opening but Indian markets are out performing Global markets today.
Live proofs of 100% Accurate Miraculous predictions of Indian Stock Markets
We told at 06:28 AM in 19-06-2013 in Technical Analysis and Market Outlook:-
finally down moves below 5807 are expected tomorrow despite whatsoever declarations from FOMC tonight
Who can tell such words in whole India?
Who can tell such words in whole India?
Pre-Closing Outlook(21-06-2013)
Although Nifty was trading in Green and hovering around 5685 then following line was told in previous Outlook:-
As was told,same happened and Nifty traded at 5625 after slipping from higher levels.
View is still Bearish but some recovery can not be ruled out in US markets today after previous couple of sessions huge down moves and its reaction may also be seen in Asian markets next Monday. As selling patterns seen at higher levels today therefore finally same Bearish view.
"Outlook is still Bearish"
As was told,same happened and Nifty traded at 5625 after slipping from higher levels.
View is still Bearish but some recovery can not be ruled out in US markets today after previous couple of sessions huge down moves and its reaction may also be seen in Asian markets next Monday. As selling patterns seen at higher levels today therefore finally same Bearish view.
Mid-session Outlook(21-06-2013)
Sentiment was extremely depressed after huge fall in US markets yesterday but Dow's Futures is trading more than 80 points up therefore technical bounce back in all Asian markets and same reaction seen in Indian markets also through recovery from lower levels. Following line was told in previous Outlook:-
As Short Term Indicators are oversold therefore Pull Back rally or Bounce Back may be seen any day but that will fuse after very Short Term up move.
At present only short lived Pull Back rally/Bounce Back will be considered and until complete consolidation will not happen till then any decisive rally will not be seen. Next resistances are between 5685-5710 and and decisive up move first signal will be after sustaining above 5710,let it happen otherwise more down moves possibility is still alive.
As Short Term Indicators are oversold therefore Pull Back rally or Bounce Back may be seen any day but that will fuse after very Short Term up move.
At present only short lived Pull Back rally/Bounce Back will be considered and until complete consolidation will not happen till then any decisive rally will not be seen. Next resistances are between 5685-5710 and and decisive up move first signal will be after sustaining above 5710,let it happen otherwise more down moves possibility is still alive.
Now Nifty is trading near about the lower levels of above mentioned resistance range and firstly sustaining beyond its lowest(5685) should be watched and Outlook is still Bearish.
Global Financial Markets Quake
Technical Analysis and Market Outlook
(21-06-2013)
Technical Analysis and Market Outlook
(21-06-2013)
Fed's QE3 withdrawal created quake like situation in all global financial markets and US markets led free fall and crashing like reaction being seen all around. Long Term Trend turned down after confirmation of sustaining below 200-Day EMA and it means that more down moves as well as any sustained rally only after complete consolidations. As Short Term Indicators are oversold therefore Pull Back rally or Bounce Back may be seen any day but that will fuse after very Short Term up move.
No bottom fishing and mouth watering after seeing cheaper rates because markets touches extreme situations and completely consolidate before trend reversal,let it happen then will be updated in the same manner as was told with following lines in previous Outlooks:-
1- Technically Indian markets are prepared for down moves because good selling in previous sessions
2- finally down moves below 5807 are expected tomorrow despite whatsoever declarations from FOMC tonight.
3- Finally down moves are expected because today up moves are news based only and expected that Nifty will not sustain above yesterday highest(5854)
4- may be intraday volatility also because selling patterns formations seen in first hour today.
5- weakness is still expected despite trading near higher levels of today after recovery from lower levels.
6- higher levels selling patterns formations today and suggesting more weakness.
7- follow up selling and sustaining below it will mean last Friday started Pull Back rally termination.
As Markets are not moving on technicals and reacting Global news today therefore Charts analysis is not being posted today but detailed analysis with next possibilities and targets will be updated in the weekly analysis of next week.
Tsunami in Global Financial Markets
Mid-session Outlook(20-06-2013)
As such no negative announcement by FOMC but over reaction and panic like situation in all Global markets. Let sentiment cool down then market will catch its direction but 200-Day EMA broken down with force after gap down opening and almost confirmation of entering into Bear phase and emergence more down moves possibilities.
It should be kept in mind that buying in such type of market is like catching falling knife and resultant hand full of one's own blood therefore long positions should be created after complete consolidations.
Technical Analysis and Market Outlook(20-06-2013)
Nifty-Intra Day Chart (19-Jun-2013):-
Technical Patterns and Formations in today intraday charts
1- Bullish Inverse Head and Shoulder formation.
2- Up moves in Bearish Rising Channel.
3- Whole day actual trading between 5778-5828
Bullish Inverse Head and Shoulder formation in first 2 hours and after that whole day up moves in Bearish Rising Channel. As good selling in previous 2 sessions therefore only down moves were told it was seen yesterday and Nifty traded most time in negative zone. As soon as Bullish Inverse Head and Shoulder formation developed then also it was updated at at 11:15 AM in Mid-session Outlook and Nifty moved up whole day as well as closed near the higher levels but Bearish Rising Channel formation developed also.
Although US markets tumbled after FOMC statement but as per our view it was overreaction and as such no negative declaration. As sentiment dampened today therefore all round Global market weakness cant be ruled out today and Indian markets will not be spared also. Technically Indian markets are prepared for down moves because good selling in previous sessions but valid break down below yesterday lowest(5778) should also be watched for more down moves confirmations because above mentioned Bullish formation seen yesterday.
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1- Bullish Inverse Head and Shoulder formation.
2- Up moves in Bearish Rising Channel.
3- Whole day actual trading between 5778-5828
Conclusions from intra day chart analysis
Bullish Inverse Head and Shoulder formation in first 2 hours and after that whole day up moves in Bearish Rising Channel. As good selling in previous 2 sessions therefore only down moves were told it was seen yesterday and Nifty traded most time in negative zone. As soon as Bullish Inverse Head and Shoulder formation developed then also it was updated at at 11:15 AM in Mid-session Outlook and Nifty moved up whole day as well as closed near the higher levels but Bearish Rising Channel formation developed also.
Although US markets tumbled after FOMC statement but as per our view it was overreaction and as such no negative declaration. As sentiment dampened today therefore all round Global market weakness cant be ruled out today and Indian markets will not be spared also. Technically Indian markets are prepared for down moves because good selling in previous sessions but valid break down below yesterday lowest(5778) should also be watched for more down moves confirmations because above mentioned Bullish formation seen yesterday.
Mid-session Outlook-2(19-06-2013)
When Nifty was trading at 5788 at 11:15 AM then we cautioned in previous Outlook and Now trading at 5804. Firstly valid break out of today trading range(5778-5809) should be watched now for next moves confirmations.
Mid-session Outlook(19-06-2013)
Red zone trading since opening today as per expectations but Inverse Head and Shoulder Bullish formation developed in last 1 hour intraday charts therefore valid break out of today trading range(5778-5809) should be firstly watched now for next moves confirmations.
Technical Analysis and Market Outlook(19-06-2013)
Nifty-Intra Day Chart (18-Jun-2013):-
Technical Patterns and Formations in today intraday charts
1- Good selling Selling between 5827-5862
2- Whole day actual trading between 5807-5862
Technically good selling at higher levels and no supports at lower level as well as closing near the lower levels yesterday. FOMC meet's results will be declared in the mid night today and its reaction will be seen tomorrow therefore volatility may remain high today but until Nifty will not sustain above yesterday highest till then next up move will not be considered. As yesterday good selling after Bearish Rising Channel on 17-06-2013 therefore finally down moves below 5807 are expected tomorrow despite whatsoever declarations from FOMC tonight.
Technical Patterns and Formations in today intraday charts
1- Good selling Selling between 5827-5862
2- Whole day actual trading between 5807-5862
Conclusions from intra day chart analysis
Mid-session Outlook-2(18-06-2013)
Although good selling today but up moves seen because good recovery from lower levels in all Asian and European markets. Finally down moves are expected because today up moves are news based only and expected that Nifty will not sustain above yesterday highest(5854)
Mid-session Outlook(18-06-2013)
Some recovery from lower levels but that may be intraday volatility also because selling patterns formations seen in first hour today. As Bearish Rising Channel formations yesterday therefore until Nifty will not sustain above yesterday highs till then next up move will not be considered and weakness is still expected despite trading near higher levels of today after recovery from lower levels.
Post-open Outlook(18-06-2013)
Following line was told today at 08:08 AM:-
follow up moves also seen but in Bearish Rising Channel therefore short covering rally possibility can not be ruled out.
follow up moves also seen but in Bearish Rising Channel therefore short covering rally possibility can not be ruled out.
Result is clear and Nifty is trading near the bottom of Bearish Rising Channel since opening with higher levels selling patterns formations today and suggesting more weakness.
Technical Analysis and Market Outlook(18-06-2013)
Nifty-Intra Day Chart (17-Jun-2013):-
Technical Patterns and Formations in today intraday charts
1- Consolidation and support between-5770-5800
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 5770-5854
Firstly lower levels consolidation and support even after disappointing RBI Credit policy and follow up moves also seen but in Bearish Rising Channel therefore short covering rally possibility can not be ruled out.
Firstly sustaining beyond yesterday highest(5854) should be watched,follow up selling and sustaining below it will mean last Friday started Pull Back rally termination. As good lower levels consolidations in last 4 sessions therefore complete selling patterns are required and side ways market is expected today between yesterday trading range(5770-5854) because market will firstly prepare for next moves within it.
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1- Consolidation and support between-5770-5800
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 5770-5854
Conclusions from intra day chart analysis
Firstly lower levels consolidation and support even after disappointing RBI Credit policy and follow up moves also seen but in Bearish Rising Channel therefore short covering rally possibility can not be ruled out.
Firstly sustaining beyond yesterday highest(5854) should be watched,follow up selling and sustaining below it will mean last Friday started Pull Back rally termination. As good lower levels consolidations in last 4 sessions therefore complete selling patterns are required and side ways market is expected today between yesterday trading range(5770-5854) because market will firstly prepare for next moves within it.
Technical Analysis,Research & Weekly Outlook(Jun 17 to Jun 21,2013)
Nifty-Intra Day Chart (Jun 12 to Jun 14,2013):-
Technical Patterns and Formations in last 3 Sessions intraday charts
1- Down moves in Bullish Falling Channel with consolidation Patterns and supports between 5741-5757 and Mixed Patterns between 5775-5792 on 12-06-2013.
2- Lower levels good consolidations and supports between 5683-5708 on 13-06-2013
3- Firstly consolidations patterns between 5768-5780 on 14-06-2013
4- 3 Hours slow up moves.
5- Slipping from higher levels after higher levels mixed patterns formations.
Conclusions from 3 Sessions intra day chart analysis
As most depressing Global cues therefore whole day negative zone trading on 13-06-2013 despite Whole day consolidations patterns formations on 12-06-2013 but as soon as sentiment improved on 14-06-2013 then Nifty jumped into the range of 12-06-2013 and crossed after follow up consolidations and closed above the top of 12-06-2013.
Although FFIs were net sellers in huge amount but intraday charts showed consolidations on 12 and 13 June therefore we only told for those up moves which were seen on 14 June. For live proofs of our predictions just click following topic links and verify on yours own:-
Technical Analysis and Market Outlook(13-06-2013)
Technical Analysis and Market Outlook(14-06-2013)
Good consolidations between 5683-5780 in last 3 sessions but slow up moves and higher levels mixed patterns between 5782-5819 on 14-06-2013 therefore follow up consolidations are required for sustaining above last Friday highest(5819).
Nifty-EOD Chart (14-Jun-2013):-
Technical Patterns and Formations in EOD charts
1- Wave-iv(5477.20 on 10-04-2013)
2- Wave-v of Wave-5(top formation at 6229.45 on 20-05-2013)
3- Corrective Wave-C of 'ABC' correction continuation.
4- Wave-C bottom formation at 5683.10(near about 61.8% retracement level) on 13-06-2013
5- Bounce back on 14-06-2013.
Conclusions from EOD chart analysis
'ABC' correction continuation after completion of Wave-v of Wave-5 and Wave-C bottom formaion at 5683.10 on 13-06-2013. As strong bounce back on 14-06-2013 after lower levels good consolidation 5683-5780 in last 3 sessions near about 61.8% retracement level and closing above Long Term Trend because decider 200 Day EMA(5766) therefore completion of Wave-C of 'ABC' will be considered. As slow up move and higher levels mixed patterns formations seen on 14-06-2013 therefore follow up consolidations is required for sustaining above 5766/5819.
Coming week will be Long Term Trend decider and firstly sustaining beyond 5766/5819 should be watched for next trend confirmations. As good lower level consolidation in previous week therefore complete selling is firstly required for slipping below the Bottom of Wave-C(5683.10) but follow up consolidation and once sustaining above 5819 will mean strong possility fresh up moves after correction completion near about Long Term Trend because decider 200 Day EMA(5766).
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1- Down moves in Bullish Falling Channel with consolidation Patterns and supports between 5741-5757 and Mixed Patterns between 5775-5792 on 12-06-2013.
2- Lower levels good consolidations and supports between 5683-5708 on 13-06-2013
3- Firstly consolidations patterns between 5768-5780 on 14-06-2013
4- 3 Hours slow up moves.
5- Slipping from higher levels after higher levels mixed patterns formations.
Conclusions from 3 Sessions intra day chart analysis
As most depressing Global cues therefore whole day negative zone trading on 13-06-2013 despite Whole day consolidations patterns formations on 12-06-2013 but as soon as sentiment improved on 14-06-2013 then Nifty jumped into the range of 12-06-2013 and crossed after follow up consolidations and closed above the top of 12-06-2013.
Although FFIs were net sellers in huge amount but intraday charts showed consolidations on 12 and 13 June therefore we only told for those up moves which were seen on 14 June. For live proofs of our predictions just click following topic links and verify on yours own:-
Technical Analysis and Market Outlook(13-06-2013)
Technical Analysis and Market Outlook(14-06-2013)
Good consolidations between 5683-5780 in last 3 sessions but slow up moves and higher levels mixed patterns between 5782-5819 on 14-06-2013 therefore follow up consolidations are required for sustaining above last Friday highest(5819).
Nifty-EOD Chart (14-Jun-2013):-
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1- Wave-iv(5477.20 on 10-04-2013)
2- Wave-v of Wave-5(top formation at 6229.45 on 20-05-2013)
3- Corrective Wave-C of 'ABC' correction continuation.
4- Wave-C bottom formation at 5683.10(near about 61.8% retracement level) on 13-06-2013
5- Bounce back on 14-06-2013.
Conclusions from EOD chart analysis
'ABC' correction continuation after completion of Wave-v of Wave-5 and Wave-C bottom formaion at 5683.10 on 13-06-2013. As strong bounce back on 14-06-2013 after lower levels good consolidation 5683-5780 in last 3 sessions near about 61.8% retracement level and closing above Long Term Trend because decider 200 Day EMA(5766) therefore completion of Wave-C of 'ABC' will be considered. As slow up move and higher levels mixed patterns formations seen on 14-06-2013 therefore follow up consolidations is required for sustaining above 5766/5819.
Conclusions (After Putting All Studies Together)
Coming week will be Long Term Trend decider and firstly sustaining beyond 5766/5819 should be watched for next trend confirmations. As good lower level consolidation in previous week therefore complete selling is firstly required for slipping below the Bottom of Wave-C(5683.10) but follow up consolidation and once sustaining above 5819 will mean strong possility fresh up moves after correction completion near about Long Term Trend because decider 200 Day EMA(5766).
No guessing,never gossiping and whatsoever market suggest,only that is updated. Next trend deciding levels have been posted above,let follow up technical formations develop then will be updated accordingly.
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