As depressing Asian markets therefore gap down opening and trading below the lowest of last 10 sessions range(7818). As today weak markets are due to crashing like Global cues therefore last 10 sessions range breaking down confirmation is must through sustaining below 7818 for deeper correction towards 200 Day EMA(today at 7230
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Technical Analysis,Research & Weekly Outlook(Oct 13 to Oct 17,2014)
Nifty-Intra Day Chart (Sep 24 to Oct 10,2014):-
Technical Patterns and Formations in last 10 Sessions intraday charts
1- 10 Sessions actual trading between 7818-8030
2- Lower levels supports
3- Higher levels resistances.
Conclusions from 10 Sessions intra day chart analysis
10 Sessions trading between 7818-8030 with following supports and resistances;-
1- Supports between 7842-7910
2- Supports between 7818-7850
1- Resistances between 8008-8030
2- Resistances between 7975-7991
3- Resistances between 7955-7972
Although Nifty closed within 1st supports range but both higher levels selling and lower levels buying seen in last 10 sessions therefore Nifty will prepare for next big moves within and near about this range for next decisive moves and sustaining beyond last 10 Sessions trading range(7818-8030) should be firstly watched in the coming week for next big trend confirmations.
Nifty-Intra Day Chart (10-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Whole day high Volitility.
2- Up moves in Bearish Rising Channel
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 7848-7924
Conclusions from intra day chart analysis
Whole day both Bullish and Bearish patterns formations with no specific position formations therefore valid break out of today trading range should be watched because technical positions reverses in whole day such high volatility which was seen on 10-10-2014
Short Term Correction continuation since 08-09-2014 but last 10 Sessions sideways trading between 7818-8030 and valid break out of this range will decide the fate of on going correction. Sustaining below 7818 will mean Intermediate Term Trend turning down confirmation and that will mean deeper correction towards 200 Day EMA(today at 7230). Sustaining above 8030 will be 1st strong indication of correction completion.
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| Just click on chart for its enlarged view |
1- 10 Sessions actual trading between 7818-8030
2- Lower levels supports
3- Higher levels resistances.
Conclusions from 10 Sessions intra day chart analysis
10 Sessions trading between 7818-8030 with following supports and resistances;-
1- Supports between 7842-7910
2- Supports between 7818-7850
1- Resistances between 8008-8030
2- Resistances between 7975-7991
3- Resistances between 7955-7972
Although Nifty closed within 1st supports range but both higher levels selling and lower levels buying seen in last 10 sessions therefore Nifty will prepare for next big moves within and near about this range for next decisive moves and sustaining beyond last 10 Sessions trading range(7818-8030) should be firstly watched in the coming week for next big trend confirmations.
Nifty-Intra Day Chart (10-Oct-2014):-
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| Just click on chart for its enlarged view |
1- Whole day high Volitility.
2- Up moves in Bearish Rising Channel
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 7848-7924
Conclusions from intra day chart analysis
Whole day both Bullish and Bearish patterns formations with no specific position formations therefore valid break out of today trading range should be watched because technical positions reverses in whole day such high volatility which was seen on 10-10-2014
Conclusions (After Putting All Studies Together)
Short Term Correction continuation since 08-09-2014 but last 10 Sessions sideways trading between 7818-8030 and valid break out of this range will decide the fate of on going correction. Sustaining below 7818 will mean Intermediate Term Trend turning down confirmation and that will mean deeper correction towards 200 Day EMA(today at 7230). Sustaining above 8030 will be 1st strong indication of correction completion.
Finally sustaining beyond 7817-8030 should be watched in next week for next big moves confirmations..
Technical Analysis and Market Outlook(10-10-2014)
Nifty-Intra Day Chart (09-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 7887-7926
2- Selling between 7955-7972 in last more than 1 hour.
3- Whole day actual trading between 7887-7972
Nifty closed at 7960.55 after gaining 117 points today but when Nifty was trading in Red then following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)
When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-
Following resistances ranges were updated today at 09:22 AM in Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels:-
1- 7975-7991
2- 8008-8030
Whole day today trading just below the lowest of above mentioned resistance ranges between 7887-7972 with lower levels good consolidation but higher levels selling also between 7955-7972. As today selling was just below resistances therefore firstly complete consolidation is required for sustaining above today highest(7972) and above resistances up to 8030.
Expected that Nifty will firstly trade between today trading range and prepare for next trend as well as valid break out of today trading range(7887-7972) will be next trend 1st indication. Nifty will remain sideways between 7817-8030 in the coming few sessions and prepare for next big trend as well as valid break out of this range will be strong indication of next big moves.
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| Just click on chart for its enlarged view |
1- Consolidation between 7887-7926
2- Selling between 7955-7972 in last more than 1 hour.
3- Whole day actual trading between 7887-7972
Conclusions from intra day chart analysis
Nifty closed at 7960.55 after gaining 117 points today but when Nifty was trading in Red then following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)
emergence of Pull Back rally expectation above today highest(7869)
When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-
emergence of Pull Back rally possibility above today highest(7869).
Following resistances ranges were updated today at 09:22 AM in Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels:-
1- 7975-7991
2- 8008-8030
Whole day today trading just below the lowest of above mentioned resistance ranges between 7887-7972 with lower levels good consolidation but higher levels selling also between 7955-7972. As today selling was just below resistances therefore firstly complete consolidation is required for sustaining above today highest(7972) and above resistances up to 8030.
Expected that Nifty will firstly trade between today trading range and prepare for next trend as well as valid break out of today trading range(7887-7972) will be next trend 1st indication. Nifty will remain sideways between 7817-8030 in the coming few sessions and prepare for next big trend as well as valid break out of this range will be strong indication of next big moves.
Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels
Proofs of 100% Accurate Predictions
When all the Global markets were in deep Red and Indian markets were down then we told following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)
emergence of Pull Back rally expectation above today highest(7869)
When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-
emergence of Pull Back rally possibility above today highest(7869).
As was told 100% same happened and today highest at 7934 as well as Pull Back Rally is being seen today.
Proofs of 100% Accurate Levels
Importance of 7842 was explained in almost all the previous Outlooks and Nifty could not sustain below it as well as closed exactly at 7,842.70 yesterday
Post-open Outlook(09-10-2014)
Pull Back Rally continuation and next resistances are as follows:-
1- 7975-7991
2- 8008-8030
Sustaining above 8030 will be strong indication of correction completion and should be firstly watched now.
Technical Analysis and Market Outlook(09-10-2014)
Nifty-Intra Day Chart (08-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Down moves in Bullish Falling Channel
2- Lower levels supports
3- Whole day actual trading between 7816-7869
Although gap down opening today after most depressing global cues but Indian markets out performed and remained sideways within 53 points between 7816-7869 with lower levels supports and consolidation patterns formations. Importance of 7842 was explained in almost all the previous Outlooks and Nifty closed exactly at 7,842.70 today therefore on going correction completion hopes are still alive because supports seen below it today.
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| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Lower levels supports
3- Whole day actual trading between 7816-7869
Conclusions from intra day chart analysis
Although gap down opening today after most depressing global cues but Indian markets out performed and remained sideways within 53 points between 7816-7869 with lower levels supports and consolidation patterns formations. Importance of 7842 was explained in almost all the previous Outlooks and Nifty closed exactly at 7,842.70 today therefore on going correction completion hopes are still alive because supports seen below it today.
As lower levels supports with consolidation patterns formations and selling patterns were not seen today therefore emergence of Pull Back rally possibility above today highest(7869).
Mid-session Outlook(08-10-2014)
Sideways trading within 44 points between 7825-7869 with lower levels consolidation and supports but not sustaining at higher levels also despite no selling patterns seen today. As Nifty is out performing Global cues and today intraday patterns are showing consolidation formations therefore emergence of Pull Back rally expectation above today highest(7869).
Pre-open Outlook(08-10-2014)
Dow Jones closed at the lowest of the day after loosing 272 points yesterday therefore sentiment turned most depressed and resultant all the Asian markets are trading in Red today. Correction continuation in Indian markets and firstly sustaining beyond 7842 should be watched today because once sustaining it below will mean Intermediate Term Trend turning down confirmations and thus opening the gate of fresh down moves towards next supports near 7540.
Technical Analysis and Market Outlook(08-10-2014)
Nifty-Intra Day Chart (07-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Whole day down moves in Bullish Falling Channel
2- Whole day actual trading between 7884-7970
As deeper down moves were seen in all the Global markets when Indian markets were closed in last 3 sessions and most Asian markets were trading in Red today morning therefore sentiment was depressed and resultant gap down opening was seen in Indian markets. Sentiment turned dampened also after deep Red opening of all European markets and more than .75% down its trading as well as Dow's Futures slipping more than 90 points down at 02:15 PM today. As whole day depressing mood therefore continuous down moves with closing seen near the lowest of the day seen today.
Although such Bearish mood today but today down moves are showing Bullish Falling Channel patterns therefore emergence of some up moves and minimum Pull Back rally possibility. As consolidation patterns were seen on 1st Oct 2014 also therefore fresh up moves are still expected in this week.
Correction is on Global mood is disturbed therefore firstly sustaining beyond next support(7842) should be watched tomorrow for the confirmation:-
1- First signal of on going correction completion above 7842
2- Deeper correction continuation below 7842.
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| Just click on chart for its enlarged view |
1- Whole day down moves in Bullish Falling Channel
2- Whole day actual trading between 7884-7970
Conclusions from intra day chart analysis
As deeper down moves were seen in all the Global markets when Indian markets were closed in last 3 sessions and most Asian markets were trading in Red today morning therefore sentiment was depressed and resultant gap down opening was seen in Indian markets. Sentiment turned dampened also after deep Red opening of all European markets and more than .75% down its trading as well as Dow's Futures slipping more than 90 points down at 02:15 PM today. As whole day depressing mood therefore continuous down moves with closing seen near the lowest of the day seen today.
Although such Bearish mood today but today down moves are showing Bullish Falling Channel patterns therefore emergence of some up moves and minimum Pull Back rally possibility. As consolidation patterns were seen on 1st Oct 2014 also therefore fresh up moves are still expected in this week.
Correction is on Global mood is disturbed therefore firstly sustaining beyond next support(7842) should be watched tomorrow for the confirmation:-
1- First signal of on going correction completion above 7842
2- Deeper correction continuation below 7842.
Pre-closing Outlook(07-10-2014)
Sentiment was already depressed after last 3 sessions selling in most Global markets and it was fuelled by gap down opening of all European markets as well as all the European markets are mow trading more than .75% down.
Although consolidation was seen firstly today and on 1st Oct also but Indian markets are unable to sustain at higher levels after melting all Global markets. Now last hope for the Bulls is at 7842 and sustaining it beyond should be watched for the confirmation of on going correction completion/deeper continuation.
Although consolidation was seen firstly today and on 1st Oct also but Indian markets are unable to sustain at higher levels after melting all Global markets. Now last hope for the Bulls is at 7842 and sustaining it beyond should be watched for the confirmation of on going correction completion/deeper continuation.
Mid-session Outlook(07-10-2014)
Correction continuation from 08-09-2014 with recent bottom formations at 7842 on 26-09-2014 as well as last 4 sessions sideways market between 7842-8030. As deeper down moves were seen in all the Global markets when Indian markets were closed in last 3 sessions therefore continuous down moves after gap down opening today.
Although whole day down moves today and negative zone trading since opening as well but today intraday patterns are showing consolidation formations. As whole day Bullish Falling Channel pattern formation was seen on 01-10-2014 also therefore finally up moves are expected in this week despite Nifty is now trading 57 points down.
Although whole day down moves today and negative zone trading since opening as well but today intraday patterns are showing consolidation formations. As whole day Bullish Falling Channel pattern formation was seen on 01-10-2014 also therefore finally up moves are expected in this week despite Nifty is now trading 57 points down.
Post-open Outlook(07-10-2014)
As all the Asian markets are trading in Red today and deeper down moves were seen in all the Global markets when Indian markets were closed in last 3 sessions therefore sentiment is depressed today morning and gap down opening will be seen. Good consolidation and supports was seen above 7842 was seen on and after 26/09/2014 therefore fresh up moves are still expected in the coming week.
Up moves expectation after Long Holidays in Next Week
Technical Analysis and Market Outlook
(07-10-2014)
Nifty-Intra Day Chart (01-Oct-2014):- |
| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Whole day actual trading between 7936-7976
Conclusions from intra day chart analysis
Correction continuation from 08-09-2014 with recent bottom formations at 7842 on 26-09-2014 as well as last 4 sessions sideways market between 7842-8030. As good consolidation and supports at lower levels and equally good selling at higher levels also in last 4 sessions therefore very Short Term Trend will be understood sideways between 7842-8030.
Although Nifty traded most time in negative zone and also closed in Red on 01-10-2014 but whole day Bullish Falling Channel pattern formation seen therefore emergence of up moves expectations after long holidays in next week and correction completion possibility as well despite SGX Nifty traded 154 points down at 7828 on 2nd Oct 2014
Pre-closing Outlook(01-10-2014)
Although going to close near the lower levels of today but same view of up moves for next week as has already been updated in previous Post-open Outlook today.
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