More than 2 hours trading between 5603-5625 with mixed intraday patterns therefore firstly valid break out of today trading range should be watched for next very short term trend confirmation.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Post-open Outlook(26-06-2013)
Following lines were told yesterday in Post-open Outlook-2
"Market require more preparation for next decisive moves and it will be firstly done within yesterday trading range(5568-5735) therefore firstly its valid break out should be watched today for next Short Term Trend confirmation"
Some up moves after positive opening today but follow up selling seen at higher levels yesterday therefore finally down moves are expected after some more selling today. As lower levels buying seen in last 2 sessions therefore follow up more selling is firstly require today for decisive down moves below 5568.
"Market require more preparation for next decisive moves and it will be firstly done within yesterday trading range(5568-5735) therefore firstly its valid break out should be watched today for next Short Term Trend confirmation"
Some up moves after positive opening today but follow up selling seen at higher levels yesterday therefore finally down moves are expected after some more selling today. As lower levels buying seen in last 2 sessions therefore follow up more selling is firstly require today for decisive down moves below 5568.
Pre-Closing Outlook(25-06-2013)
When Indian markets were trading near the higher levels of the day then I told following lines in previous Outlook:-
1- it may be intraday volatility or short covering rally
2- lot of more confirmations are required for trend reversal.
3- Strong resistances are between 5685-5705 and until Nifty will not sustain above 5705 till then trend reversal will not be considered.
Long Term Trend is down and our market is in Bear phase and such type of volatility will be seen because selling markets always remain highly volatile. Correction is on but intraday volatility may be high again in the coming sessions if US markets will close with good gains today,it should be firstly watched tomorrow because US Futures are trading strong at this moment.
1- it may be intraday volatility or short covering rally
2- lot of more confirmations are required for trend reversal.
3- Strong resistances are between 5685-5705 and until Nifty will not sustain above 5705 till then trend reversal will not be considered.
Long Term Trend is down and our market is in Bear phase and such type of volatility will be seen because selling markets always remain highly volatile. Correction is on but intraday volatility may be high again in the coming sessions if US markets will close with good gains today,it should be firstly watched tomorrow because US Futures are trading strong at this moment.
Mid-session Outlook(25-06-2013)
Although Shanghai Composite was almost 4% down and all other Asian markets were also weak but we were not Bearish today and told following line at 10:18 AM in Post-open Outlook-2(25-06-2013):-
As was perceived and bounce back possibility was also told in previous Outlooks,exactly same happened and Nifty recovered 87 points from lower levels. Some intraday supports at lower levels today and sharp up moves seen but it may be intraday volatility or short covering rally therefore lot of more confirmations are required for trend reversal.
Strong resistances are between 5685-5705 and until Nifty will not sustain above 5705 till then trend reversal will not be considered. Now trading range has turned broader(5569-5705) and expected that Nifty will firstly prepare for next moves within this range as well as sustaining beyond this range will give confirmations to next Intermediate Term Trend therefore should be firstly watched today and in the coming sessions.
it is first strong signal of strength
As was perceived and bounce back possibility was also told in previous Outlooks,exactly same happened and Nifty recovered 87 points from lower levels. Some intraday supports at lower levels today and sharp up moves seen but it may be intraday volatility or short covering rally therefore lot of more confirmations are required for trend reversal.
Strong resistances are between 5685-5705 and until Nifty will not sustain above 5705 till then trend reversal will not be considered. Now trading range has turned broader(5569-5705) and expected that Nifty will firstly prepare for next moves within this range as well as sustaining beyond this range will give confirmations to next Intermediate Term Trend therefore should be firstly watched today and in the coming sessions.
Post-open Outlook-2(25-06-2013)
Indian markets are again out performing Global markets today and almost flat despite all Asian markets in Red as well as some are deep down(Shanghai Composite is almost 4% down) and it is first strong signal of strength. Market require more preparation for next decisive moves and it will be firstly done within yesterday trading range(5568-5735) therefore firstly its valid break out should be watched today for next Short Trerm Trend confirmation.
Post-open Outlook(25-06-2013)
As Indian markets out performed Global markets yesterday therefore it was updated in all Mid-session Outlooks and Nifty traded sideways first 4 hours between 5603-5635 with lower levels supports and higher levels selling yesterday. Although Nifty slipped below 5603 but after sharp fall in all European markets and US Futures therefore it was sentiment driven down move and now Nifty is trading above 5603 immediately after little improvement of Global sentiment today.
As Indian markets out performed Global markets and got intraday supports above 5603 yesterday therefore firstly sustaining it beyond should be watched today and should be kept in mind that bounce back/Pull Back rally will be considered only after valid break out above 5635.
As Indian markets out performed Global markets and got intraday supports above 5603 yesterday therefore firstly sustaining it beyond should be watched today and should be kept in mind that bounce back/Pull Back rally will be considered only after valid break out above 5635.
Pre-open Outlook(25-06-2013)
Although deep Red US and European markets closing yesterday but Asian markets are flat to negative and sentiment is quiet today morning therefore Nifty will firstly trade between yesterday trading range(5568-5735). As yesterday down moves were due to sharp fall in all European markets and US Futures therefore if Global markets and sentiment improves today then fast up moves may be seen in Indian markets.
Some recovery from lower levels was seen yesterday therefore follow up moves and sustaining beyond yesterday lowest will be firstly watched today and bounce back/Pull Back rally will be considered now if intraday charts will show consolidations and lower levels supports today.
Some recovery from lower levels was seen yesterday therefore follow up moves and sustaining beyond yesterday lowest will be firstly watched today and bounce back/Pull Back rally will be considered now if intraday charts will show consolidations and lower levels supports today.
Technical Analysis and Market Outlook(25-06-2013)
Nifty-Intra Day Chart (24-Jun-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5617-5635
2- Consolidation and support between 5603-5612
3- First 4 hours sideways trading
4- Down moves after sharp fall in all European markets and US Futures.
5- Whole day actual trading between 5568-5735
First 4 hours sideways trading with higher levels selling and lower levels consolidation and support but lower levels broken down and down moves seen after sharp fall in all European markets and US Futures.
Correction is very much on and crashing Global markets as well as quake like situation in all Global Financial Markets therefore no relief for Bulls and following lines are being repeated which were told on 20-06-2013 in "Tsunami in Global Financial Markets"
Let thunder stop and allow market to complete its consolidation on daily charts then trend reversal will be seen but bounce back or Pull Back rally may be seen any time after some intraday consolidations and supports.
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| Just click on chart for its enlarged view |
1- Selling between 5617-5635
2- Consolidation and support between 5603-5612
3- First 4 hours sideways trading
4- Down moves after sharp fall in all European markets and US Futures.
5- Whole day actual trading between 5568-5735
Conclusions from intra day chart analysis
First 4 hours sideways trading with higher levels selling and lower levels consolidation and support but lower levels broken down and down moves seen after sharp fall in all European markets and US Futures.
Correction is very much on and crashing Global markets as well as quake like situation in all Global Financial Markets therefore no relief for Bulls and following lines are being repeated which were told on 20-06-2013 in "Tsunami in Global Financial Markets"
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.
Let thunder stop and allow market to complete its consolidation on daily charts then trend reversal will be seen but bounce back or Pull Back rally may be seen any time after some intraday consolidations and supports.
FII & DII trading activity in Capital Market Segment on 24-Jun-2013
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Bank Nifty(Jun Fut)-Levels & Trading Strategy for 25-06-2013
Bank Nifty(Jun Fut)-Levels
R3 11427
R2 11357
R1 11272
Avg 11202
S1 11117
S2 11047
S3 10962
Bank Nifty(Jun Fut)-Trading Strategy
H6 11343 Trgt 2
H5 11308 Trgt 1
H4 11273 Long breakout
H3 11230 Go Short
H2 11216
H1 11202
L1 11173
L2 11159
L3 11145 Long
L4 11102 Short Breakout
L5 11067 Trgt 1
L6 11032 Trgt 2
R3 11427
R2 11357
R1 11272
Avg 11202
S1 11117
S2 11047
S3 10962
Bank Nifty(Jun Fut)-Trading Strategy
H6 11343 Trgt 2
H5 11308 Trgt 1
H4 11273 Long breakout
H3 11230 Go Short
H2 11216
H1 11202
L1 11173
L2 11159
L3 11145 Long
L4 11102 Short Breakout
L5 11067 Trgt 1
L6 11032 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 25-06-2013
Nifty(Jun Fut)-Levels
R3 5697
R2 5662
R1 5625
Avg 5590
S1 5553
S2 5518
S3 5481
Nifty(Jun Fut)-Trading Strategy
H6 5660 Trgt 2
H5 5644 Trgt 1
H4 5627 Long breakout
H3 5607 Go Short
H2 5601
H1 5594
L1 5581
L2 5574
L3 5568 Long
L4 5548 Short Breakout
L5 5532 Trgt 1
L6 5515 Trgt 2
R3 5697
R2 5662
R1 5625
Avg 5590
S1 5553
S2 5518
S3 5481
Nifty(Jun Fut)-Trading Strategy
H6 5660 Trgt 2
H5 5644 Trgt 1
H4 5627 Long breakout
H3 5607 Go Short
H2 5601
H1 5594
L1 5581
L2 5574
L3 5568 Long
L4 5548 Short Breakout
L5 5532 Trgt 1
L6 5515 Trgt 2
Nifty Spot-Levels & Trading Strategy for 25-06-2013
Nifty Spot-Levels
R3 5705
R2 5672
R1 5631
Avg 5598
S1 5557
S2 5524
S3 5483
Nifty Spot-Trading Strategy
H6 5664 Trgt 2
H5 5647 Trgt 1
H4 5630 Long breakout
H3 5610 Go Short
H2 5603
H1 5596
L1 5583
L2 5576
L3 5569 Long
L4 5549 Short Breakout
L5 5532 Trgt 1
L6 5515 Trgt 2
R3 5705
R2 5672
R1 5631
Avg 5598
S1 5557
S2 5524
S3 5483
Nifty Spot-Trading Strategy
H6 5664 Trgt 2
H5 5647 Trgt 1
H4 5630 Long breakout
H3 5610 Go Short
H2 5603
H1 5596
L1 5583
L2 5576
L3 5569 Long
L4 5549 Short Breakout
L5 5532 Trgt 1
L6 5515 Trgt 2
Pre-Closing Outlook(24-06-2013)
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.
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?
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