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