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Following conclusive lines were told yesterday in Technical Analysis and Market Outlook(30-08-2013):-

1- next strong resistance is between 5490-5528 and until Nifty will not sustain above 5528 till then any big up move will not be considered.
2- today started up moves continuation will be firstly seen tomorrow
3- high possibility of rally completion near about mentioned resistance range(5490-5528) in the coming 2/3 sessions.

Following conclusive lines were told today in Pre-open Outlook(30-08-2013):-

1- sustaining above 5400 will mean rally continuation toward next strong resistance range(5490-5528).
2- high possibility of rally completion in the coming 2/3 sessions and maximum up moves of on going rally are expected upto 5528 


As was told 100% same happened and firstly up moves seen but could not touch mentioned strong resistance range(5490-5528) as well as sharp down moves seen from 5469.10 

Pre-open Outlook(30-08-2013)

US markets closed flat after loosing intraday gains yesterday therefore resultant Asian markets are mixed and trading with small gains/loss. Sentiment quiet today morning therefore flat opening and firstly trading is expected between 5355-5428. Mixed trading patterns were seen between 5355-5400 yesterday and follow up moves within or near about this range will decide next Short Term Trend. It should be kept in mind that Pull Back Rally is on,Short Term Trend is up and sustaining above 5400 will mean rally continuation toward next strong resistance range(5490-5528). Intermediate Term Trend will be up after sustaining above 5528 but high possibility of rally completion in the coming 2/3 sessions and maximum up moves of on going rally are expected upto 5528 as well as sustaining below 5355 will mean Pull Back Rally completion. Next Trend confirmation ranges are as follows:-

1- Short Term Trend confirmation range-5355-5428 
2- Intermediate Term Trend confirmation range-5490-5528 

Technical Analysis and Market Outlook(30-08-2013)

Nifty-Intra Day Chart (29-Aug-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Lower levels supports.
2- Higher levels mixed intraday patterns
3- Whole day actual trading between 5303-5428

Conclusions from intra day chart analysis 

As strong opening of Indian Rupee and some up moves in global markets therefore sentiment improved and firstly lower levels supports after gap up opening and whole day continuous up moves as well as Nifty sustains above immediate resistance(5355). Pull Back Rally continuation,next strong resistance is between 5490-5528 and until Nifty will not sustain above 5528 till then any big up move will not be considered.

Indian markets got good supports at lower levels supports yesterday and until equally good selling will not develop till then on going rally will not terminate. Expected that today started up moves continuation will be firstly seen tomorrow and also high possibility of rally completion near about mentioned resistance range(5490-5528) in the coming 2/3 sessions.

Sustaining beyond 5490-5528 should be watched in the coming sessions for next Intermediate Term Trend confirmations. 

Mid-session Outlook-2(29-08-2013)

Following lines were told at 11:13 AM in previous Outlook:-

1- Green Indian markets since opening with lower levels supports and without selling signal
2- Nifty will firstly prepare for next decisive moves between 5295-5355 therefore follow up moves in the coming hours and valid break out of mentioned range should be watched for confirmation.

As lower levels supports and no selling therefore yesterday started up moves continuation above 5355 but sustaining above 5355 should also be watched for minimum a Pull Back Rally confirmations.

Mid-session Outlook(29-08-2013)

As strong opening of Indian Rupee and some up moves in global markets therefore sentiment improved and Green Indian markets since opening with lower levels supports and without selling signal. Expected that Nifty will firstly prepare for next decisive moves between 5295-5355 therefore follow up moves in the coming hours and valid break out of mentioned range should be watched for confirmation.

Technical Analysis and Market Outlook(29-08-2013)

Nifty-Intra Day Chart (Aug 27 & Aug 28,2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 5320-5355 on 27-08-2013
2- Support between 5118-5200 on 28-08-2013
3- 2 Sessions actual trading between 5118-5427 

Conclusions from 2 Sessions intra day chart analysis 

Negative news(weak Indian Rupee,weaker Global markets,sharp rise in Crude prices and Syria crisis) based sharp down moves and high volatility in last 2 sessions as well as strong recovery from lower levels today but it should be kept in mind that Indian markets are the stiff grip of Bears and high volatility is Bear market nature which was seen in last 2 sessions. 

199 Points strong recovery from lower levels after supports between 5118-5200 but some selling was seen between 5320-5355 yesterday therefore mixed trading patterns also in last 2 sessions and more preparation is required for any side decisive moves. Expected that finally down moves will be seen below today lowest(5118) but firstly Nifty will firstly remain range bound between 5118-5355 and will prepare for next decisive moves within this range. Sustaining beyond 5118-5355 should be firstly watched in the coming sessions for next Short Term or decisive moves confirmations.

Mid-session Outlook(28-08-2013)

Following line was told today at 08:23 AM in Firm Grip of Bears on Indian Markets

testing of above mentioned 2nd  support range(5075-5140) can not be ruled out in the coming sessions.

Only testing of 2nd support range was told and Nifty recovered sharply after intraday low formation between mentioned range at 5118.85. As volatility remains high in Bear markets therefore being seen today and coming sessions will remain range bound between 5118-5355 as well as market will firstly prepare for next  Short Term Trend within this range.
Which Website predicted so clearly Bearish Markets in whole India except 
enjoydailyprofits.blogspot.in
Firm Grip of Bears on Indian Markets
Nifty-EOD Chart (27-Aug-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 with bottom formation at 5274.25 on 27-08-2013

Conclusions from EOD chart analysis 

Indian markets are in deep Bear phase today but When Long Term Trend was up and previous closing of Nifty was at 5886.20 on 26-07-2013 then following line was told on 29-07-2013 in Last hope for Bulls at 5792:-

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

As was told same happened and 50% retracement of rally between 4531.15-6229.45 has been completed,Retracement levels of mentioned range are being repeated which were updated on 31-07-2013 in Technical Analysis and Market Outlook(31-07-2013):-

13.0%-6008
23.6%-5828
27.0%-5770
38.2%-5580
50.0%-5380
61.8%-5179
70.7%-5028
76.4%-4931
78.6%-4894
88.6%-4724 

Above lines were reminded many times in previous Outlooks and  following lines with supports levels upto 4779 were updated on 19-08-2013 in Huge Bearish Pattern formation in last 11 months because deeper correction was expected:-

As we don't want to create panic through updating next expected levels after sustaining below 5447 therefore only giving next following support levels upto 4779:-

1- 5210-5270
2- 5075-5140
3- 4779-4880

Whatsoever crashing like deeper down moves were seen yesterday those were already updated well in advance in all the Outlooks of previous sessions. Support was seen near and between  above mentioned 1st support range(5210-5270) in last 5 sessions and firstly sustaining it beyond should be watched today for bounce back after yesterday sharp down or immediate more down moves below 5210. 

As Indian Markets are in the firm Grip of Bears and now Bearish market is very much on as well as its continuation is very much expected in the coming sessions,months and may be years also therefore following lines are being repeated which were told on 19-08-2013 in Huge Bearish Pattern formation in last 11 months:-

It is confirm that Indian markets are in Bear phase and Economic Outlook is also gloomy in the next months as well as political uncertainty can not be ruled out after next General Elections therefore Indian markets will remain in the grip of Bears. Pull Back and Relief rallies will be seen after regular intervals after intraday or 1/2 day consolidations but until complete consolidation will not complete on Intraday,EOD and Weekly charts till then Long Term Trend will not reverse.

Pre-open Outlook(28-08-2013)

Sentiment is most depressed after after yesterday sharp fall and deep Red all Global markets therefore gap down opening will be seen in Indian markets and testing of above mentioned 2nd  support range(5075-5140) can not be ruled out in the coming sessions.

Which Website predicted so clearly Bearish Markets in whole India except 

Technical Analysis and Market Outlook(27-08-2013)

Nifty-Intra Day Chart (Aug 23 & Aug 26,2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts

1- Whole day up moves in Bearish Rising channel on 23-08-2013.
2- Selling between 5490-5528 on 26-08-2013
3- 2 Sessions actual trading between 5378-5528 

Conclusions from 2 Sessions intra day chart analysis 

As most Asian markets were trading with good gains today morning therefore firstly gap up opening and most of the time positive zone trading but higher levels selling today after Bearish Rising channel formation on 23-08-2013 therefore finally down moves are expected in the coming sessions after completion of 3 sessions Pull Back Rally.  
As busy today therefore next Outlook will be updated tomorrow

Mid-session Outlook-2(23-08-2013)

As good recovery in Indian Rupee from intraday lower levels therefore Indian markets are up but slow up moves and with Bearish Rising channel since opening today therefore expected that Nifty will not sustain above next resistances range(5450-5475).

Mid-session Outlook(23-08-2013)

Resistances above today higher levels between (5450-5475) and Nifty is preparing for next moves just below it between 5380-5452 with intraday volatility firstly and emergence of selling signals also.

Technical Analysis and Market Outlook(23-08-2013)

Nifty-Intra Day Chart (22-Aug-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Bullish Falling Channel consolidation pattern formations.
2- Sharp up moves beginning after strong opening of European markets at 12:30 PM.
3- Follow up Bullish Falling Channel consolidation pattern formations between 01:00-02:00 PM.
4- Last 1 hour up moves in Bearish Rising Wedge formations.
5- Whole day trading between 5255-5418

Conclusions from intra day chart analysis 

Whole day up moves after lower levels consolidations and some more consolidation was also seen in mid session but sharp up moves started after strong opening of European markets at 12:30 PM and sudden 50 points jump of Dow'Jones Futures after 12:15 PM.  Although follow up Bullish Falling Channel consolidation pattern formations also seen between 01:00-02:00 PM but today up moves were on the back of strong Global cues and last 1 hour up moves were in Bearish Rising Wedge formations therefore follow up consolidation is must for sustaining above today highs and next resistance range(5450-5475). 

All trends are down and Indian markets are in confirm Bear phase,today like Bounce Back may be seen any day because Short Term Indicators are oversold and Volatility remains high in Bear markets. Until complete consolidation will not be seen minimum on Daily charts till then any decisive up move will not be seen. Follow up selling and sustaining below next resistance range(5450-5475) will mean fresh down moves to test next support range(5210-5270) or below it also.

Pre-Closing Outlook(22-08-2013)

Firstly lower levels and after that follow up consolidations in last 2 hours therefore continuation of Pull Back Rally. Next resistances are between 5450-5475 and sustaining beyond it will be watched in the coming sessions for the fate of today started rally.

Mid-session Outlook(22-08-2013)

Following support range was updated on 19-08-2013 in "Huge Bearish Pattern formation in last 11 months":- 

1- 5210-5270
2- 5075-5140
3- 4779-4880

Nifty got supports between 1st support range after weak opening and recovered after lowest formation at 5254.05. As Short Term Indications are oversold and some consolidation between 5263-5310 therefore Bounce back is being seen and next resistances are between 5450-5475.

Expected that Nifty will remain range bound between 5263-5475 in the coming sessions and will prepare for next Short/Intermediate Term Trend within this range.

Technical Analysis and Market Outlook(22-08-2013)

Daily Indicators and Averages Analysis

Nifty-Daily Indicators and Averages Analysis Chart(21-Aug-2013):-
Just click on chart for its enlarged view
Averages(EMA-8,21,55,200)- Averages are as follows:

8 Day EMA is at- 5492
21 Day EMA is at- 5637
55 Day EMA is at- 5761
200 Day EMA is at- 5764
2- Bollinger Band- Lower Band moving down with the slipping of Nifty and indicating some up moves.
3- Slow Stochastic- Entering into oversold zone.
4- MACD- MACD line is below Average line and gap widen between both lines near oversold line
5- ROC- Entering into oversold zone.
6- RSI- Entering into oversold zone.
  1. Conclusions from Daily Indicators and Averages Analysis 
Nifty is well below Long Term Trend decider 200 Day EMA and all the short term averages are below longer term averages as well. Nifty is below all the Averages therefore complete Bearish market confirmations.

Although most indicators are entering into oversold zone but not deeply oversold and positive divergence also not seen yet therefore some more down moves are still left before trend reversal and the beginning of any decisive up move.

Mid-session Outlook(21-08-2013)

Although Nifty was more than 100 points up within 1st minute today but we were not Bullish and cautioned in previous Outlook as well as gave confirmation level also. Following lines were told today at 09:42:00 AM in Post-open Outlook:-

1- As Bearish markets remain highly volatile therefore today up moves may be a part of volatility also.
2- 11 Months huge Head and Shoulders patterns formation and its neckline(at 5477.20) was broken down on 19-08-2013,Nifty is hovering it around at this moment and firstly sustaining beyond it should be watched for next Long Term Trend confirmations.

Following line was told yesterday in Mid-session Outlook-3 and Pre-Closing Outlook:-

1- Expected that Nifty will not sustain above today highest(5417) and finally down moves will be seen below 5360.

Today lowest is at 5361.10 after loosing more than 140 points today and steep fall will be seen after valid break down below 5360/5306 as well as its high possibility.

Post-open Outlook(21-08-2013)

Although mixed intraday patterns in last 2 Sessions between 5306-5465 but whole day good consolidation was seen on 19-08-2013 therefore up moves seen today. As Bearish markets remain highly volatile therefore today up moves may be a part of volatility also.

11 Months huge Head and Shoulders patterns formation and its neckline(at 5477.20) was broken down on 19-08-2013,Nifty is hovering it around at this moment and firstly sustaining beyond it should be watched for next Long Term Trend confirmations.

Technical Analysis and Market Outlook(21-08-2013)

Nifty-Intra Day Chart (Aug 19 & Aug 20,2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts

1- Down moves in Bullish Falling Channel on 19-08-2013
2- Consolidation at lower levels between 5360-5400 on 19-08-2013
3- Up moves in Bearish Rising Channel on 20-08-2013
4- Selling between 5405-5415 on 20-08-2013
5- More than 8 hours trading between 5360-5420 with mixed patterns in last 2 sessions.
6- 2 Sessions actual trading between 5306-5465 

Conclusions from 2 Sessions intra day chart analysis 

As most depressing news flow(Indian Rupee weakening by 2% and weaker Global markets) therefore Nifty slipped more than 100 points within first 2 minutes but strong recovery from lower levels also because whole day good consolidation yesterday. More than 2 hours consolidation between 5360-5400 yesterday and more than 5 hours trading within this range today with higher levels selling. 

It is clear from last 2 sessions trading that both consolidation and selling seen between 5306-5465 and more than 8 hours trading between 5360-5420 with mixed intraday patterns therefore Indian markets are not mature for any side decisive moves and will firstly prepare for next moves between 5360-5420 and sustaining it beyond should be watched in the coming sessions for next Short Term Trend confirmations.

Pre-Closing Outlook(20-08-2013)

As volatility remain high in Bear markets therefore trading positions have to be understood after every decisive intraday move because small traders stop losses trigger during such volatility. 

Consolidation range of 5360-5400 was updated yesterday in Technical Analysis and Market Outlook(20-08-2013) and last 5 hours trading within this range with higher levels selling  but lower levels consolidations also seen today 

As higher levels selling patterns today and all trends are down therefore expected that Nifty will not sustain above today highest(5417) and finally down moves will be seen below 5360 but volatile day today and technical positions reverses in such volatility also therefore view is cautious and finally next Short Term moves confirmation is must through sustaining beyond 5360-5400 because good consolidation was also seen between this range yesterday.