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Nifty is now trading 51 points down at 6061 but when Nifty was traing at 6155 and was 43 points up then following line was told today at 09:46 AM in previous Outlook:-

 finally down moves will be seen in the coming sessions. 

Although Nifty closed near the highest of the day yesterday but following lines were told yesterday in Technical Analysis and Market Outlook:-

Nifty will not sustain above today highest(6123) and will slip below today lowest(6086) despite closing near higher levels of the day today.

Following line was told yesterday in Post-closing Report:-

Although now trading near the highs of today but intraday charts are showing selling patterns.

Following line was told yesterday in Mid-session Outlook

Although most time positive zone trading since opening today but intraday charts are showing selling patterns.

Not only yesterday and today but 'Archive' with 'more than 6500 posts' at the bottom of Blog' is live proof of "many hundreds" such accurate and miraculous predictions in last 4 years. Anyone can verify this facts anytime from the Blog 'Archive'.

Post-open Outlook(15-10-2013)

As US markets strongly recovered from lower levels and closed with sufficient gains yesterday therefore sentiment turned strong and all the Asian markets are trading in Green today morning,resultant gap up opening in Indian markets. As Indian markets are overbought and previous sessions intraday charts are showing selling patterns formations as well as up moves are US shut down solution expectation reaction therefore expected that finally down moves will be seen in the coming sessions. 

Technical Analysis and Market Outlook(15-10-2013)

Nifty-Intra Day Chart (14-Oct-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 6114-6123
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 6086-6123

Conclusions from intra day chart analysis 

Although most time positive zone trading since opening today but Up moves in Bearish Rising Channel with higher levels selling also therefore expected that Nifty will not sustain above today highest(6123) and will slip below today lowest(6086) despite closing near higher levels of the day today.

Nifty Spot-Levels & Trading Strategy for 15-10-2013

Nifty Spot-Levels

R3 6172
R2 6148
R1 6130
Avg 6106
S1 6088
S2 6064
S3 6046

Nifty Spot-Trading Strategy

H6 6124     Trgt 2
H5 6114     Trgt 1
H4 6104     Long breakout
H3 6093     Go Short
H2 6089
H1 6085
L1 6078
L2 6074
L3 6070     Long
L4 6059     Short Breakout
L5 6050     Trgt 1
L6 6040     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 15-10-2013

Nifty(Oct Fut)-Levels

R3 6213
R2 6183
R1 6163
Avg 6133
S1 6113
S2 6083
S3 6063

Nifty(Oct Fut)-Trading Strategy

H6 6193     Trgt 2
H5 6181     Trgt 1
H4 6170     Long breakout
H3 6156     Go Short
H2 6152
H1 6147
L1 6138
L2 6133
L3 6129     Long
L4 6126     Short Breakout
L5 6115     Trgt 1
L6 6092     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 15-10-2013

Bank Nifty(Oct Fut)-Levels

R3 10966
R2 10867
R1 10789
Avg 10690
S1 10612
S2 10513
S3 10435

Bank Nifty(Oct Fut)-Trading Strategy

H6 10889     Trgt 2
H5 10841     Trgt 1
H4 10808     Long breakout
H3 10759     Go Short
H2 10743
H1 10727
L1 10694
L2 10678
L3 10662     Long
L4 10613     Short Breakout
L5 10573     Trgt 1
L6 10532     Trgt 2

Post-closing Report(14-10-2013)

Although now trading near the highs of today but intraday charts are showing selling patterns.

Mid-session Outlook(14-10-2013)

Although most time positive zone trading since opening today but intraday charts are showing selling patterns.

Technical Analysis,Research & Weekly Outlook(Oct 14 to Oct 18,2013

Nifty-EOD Chart (11-Oct-2013):-
Technical Patterns and Formations in EOD charts
Technical Patterns and Formations in EOD charts

1- All time high formation at 6357.10 on 08-01-2008
2- 1st Lower top formation at 6338.50 on 05-11-2010
3- 2nd Lower top formation at 6229.45 on 20-05-2013
4- 3rd Lower top formation at 6142.50 on 19-09-2013

Conclusions from EOD chart analysis 

As 3 times lower top formations since all time high formation in Jan 2008 therefore above mentioned resistances psychological at higher higher levels. 

Nifty-EOD Chart (11-Oct-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

Hanging Man Bearish Candle formation on 11-10-2013

Conclusions from EOD chart analysis 

Hanging Man candle means sell off after the market opens during an uptrend. However, by the end of the trading day, the market closes near the top the day. This signifies the potential for further follow up selling in the coming sessions. Trend reversal can be confirmation be by a black candlestick or a large down gap on the next trading day accompanied by a lower close.

Nifty-Intra Day Chart (11-Oct-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel.
3- Whole day actual trading between 6047-6107

Conclusions from intra day chart analysis 

As up moves in Bearish Rising Channel therefore therefore emrgence of down moves possibility.

Conclusions (After Putting All Indicators Together)

All trends are up but selling patterns formations on intraday charts and Bearish candle formation also last Friday. As such down moves signals seen just below Falling trend lines from all time high therefore down moves in the beginning of coming week and finally sustaining beyond 5702-6142 will decide next Long Term Trend in the coming week. 

Nifty Spot-Levels & Trading Strategy for 14-10-2013

Nifty Spot-Levels

R3 6181
R2 6144
R1 6120
Avg 6083
S1 6059
S2 6022
S3 5998

Nifty Spot-Trading Strategy

H6 6157     Trgt 2
H5 6143     Trgt 1
H4 6129     Long breakout
H3 6112     Go Short
H2 6107
H1 6101
L1 6090
L2 6084
L3 6079     Long
L4 6062     Short Breakout
L5 6048     Trgt 1
L6 6034     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 14-10-2013

Nifty(Oct Fut)-Levels

R3 6229
R2 6186
R1 6158
Avg 6115
S1 6087
S2 6044
S3 6016

Nifty(Oct Fut)-Trading Strategy

H6 6201     Trgt 2
H5 6185     Trgt 1
H4 6169     Long breakout
H3 6149     Go Short
H2 6143
H1 6136
L1 6123
L2 6116
L3 6110     Long
L4 6090     Short Breakout
L5 6074     Trgt 1
L6 6058     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 14-10-2013

Bank Nifty(Oct Fut)-Levels

R3 11154
R2 10931
R1 10803
Avg 10580
S1 10452
S2 10229
S3 10101

Bank Nifty(Oct Fut)-Trading Strategy

H6 11036     Trgt 2
H5 10952     Trgt 1
H4 10868     Long breakout
H3 10771     Go Short
H2 10739
H1 10707
L1 10642
L2 10610
L3 10578     Long
L4 10481     Short Breakout
L5 10397     Trgt 1
L6 10313     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Oct 14 to Oct 18,2013)

Nifty Spot-Weekly Levels

R3 6474
R2 6290
R1 6193
Avg 6009
S1 5912
S2 5728
S3 5631

Nifty Spot-Weekly Trading Strategy 

H6 6390     Trgt 2
H5 6320     Trgt 1
H4 6250     Long breakout
H3 6173     Go Short
H2 6147
H1 6121
L1 6070
L2 6044
L3 6018     Long
L4 5941     Short Breakout
L5 5871     Trgt 1
L6 5801     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Oct 14 to Oct 18,2013)

Bank Nifty Spot-Weekly Levels

R3 11660
R2 11154
R1 10888
Avg 10382
S1 10116
S2 9610
S3 9344

Bank Nifty Spot-Weekly Trading Strategy 

H6 11452     Trgt 2
H5 11249     Trgt 1
H4 11046     Long breakout
H3 10834     Go Short
H2 10763
H1 10692
L1 10551
L2 10480
L3 10409     Long
L4 10197     Short Breakout
L5  9994    Trgt 1
L6  9791    Trgt 2

Pre-closing Outlook(11-10-2013)

Although now trading near the highs of the day but today intraday charts are showing selling patterns formations and expected that correction will begin after completion of distribution within next 1/2 sessions.

Post-open Outlook(11-10-2013)

Global markets rally today after US markets blasting moves yesterday and Indian markets participation through strong gap up opening. As news based led market today therefore sustaining above yesterday highest(6031) is must for next rally because good selling seen yesterday.

Technical Analysis and Market Outlook(11-10-2013)

Nifty-Intra Day Chart (10-Oct-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- All up moves from lower levels in Bearish Rising Channel
2- Higher levels selling patterns formations.
3- Whole day actual trading between 5979-6031

Conclusions from intra day chart analysis 

Whole day sideways trading with Bearish Rising Channel formations and higher levels selling patterns formations also therefore emergence of distribution(selling) process. Although closing at higher levels of the day today but down moves possibilities turned alive after completion of distribution. 

Nifty Spot-Levels & Trading Strategy for 11-10-2013

Nifty Spot-Levels

R3 6096
R2 6064
R1 6042
Avg 6010
S1 5988
S2 5956
S3 5934

Nifty Spot-Trading Strategy

H6 6074     Trgt 2
H5 6062     Trgt 1
H4 6049     Long breakout
H3 6034     Go Short
H2 6029
H1 6024
L1 6015
L2 6010
L3 6005     Long
L4 5990     Short Breakout
L5 5977     Trgt 1
L6 5965     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2013

Nifty(Oct Fut)-Levels

R3 6154
R2 6113
R1 6086
Avg 6045
S1 6018
S2 5977
S3 5950

Nifty(Oct Fut)-Trading Strategy

H6 6127     Trgt 2
H5 6112     Trgt 1
H4 6096     Long breakout
H3 6077     Go Short
H2 6071
H1 6065
L1 6052
L2 6046
L3 6040     Long
L4 6021     Short Breakout
L5 6006     Trgt 1
L6 5990     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2013

Bank Nifty(Oct Fut)-Levels

R3 10636
R2 10537
R1 10450
Avg 10351
S1 10264
S2 10165
S3 10078

Bank Nifty(Oct Fut)-Trading Strategy

H6 10551     Trgt 2
H5 10508     Trgt 1
H4 10465     Long breakout
H3 10414     Go Short
H2 10397
H1 10380
L1 10345
L2 10328
L3 10311     Long
L4 10260     Short Breakout
L5 10217     Trgt 1
L6 10175.     Trgt 2