Watch 8254 for First Indication of Next Big Moves

Technical Analysis and Market Outlook

(15-05-2015)

Nifty-Intra Day Chart (14-May-2015):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 8157-8189
2- Selling between 8200-8222
3- Up moves in Bearish Rising Channel in last hours
4- Whole day actual trading between 8138-8236

Conclusions from intra day chart analysis

Sharp down immediately after opening in following manner today:-

1- 86 Points down in 1st minute.
2- 110 Points down in first 5 minutes.

As firstly crashing like situation and after that whole day up moves therefore today will also be understood highly volatile day like yesterday which means that final conclusions can not be drawn only from intraday patterns formations and confirmation is must through valid break out of crucial levels because technical positions reverses during such high volatility. 

Highly volatile last 2 sessions with mixed Patterns formations in both sessions therefore not clear one sided technical positions formations and firstly valid break out of last 2 sessions trading range(8090-8254) should be watched in the coming sessions for next big trend first strong indication. Last 14 sessions trading between 7997-8365 and it is confirm that big moves are being developed within this range. 

Last 2 sessions trading range(8090-8254) is almost in the middle of last 14 sessions range(7997-8365) and valid break out of 2 sessions range will give strong indication of break out direction of last 14 sessions range therefore should be firstly watched in the coming sessions.

As Dow Jones is now trading 180 points up and all the European markets closed in Green and some closed with more than 1% gains therefore if such Bullish sentiment reflects in Asian markets also then gap up opening will be seen in Indian markets and firstly sustaining beyond 8254 should be watched for first indication of next Big Moves. Let Nifty sustain above 8254 then fresh rally will be considered because view is very much cautious after last 2 sessions high volatility and final conclusions will be drawn only after the analysis of intraday patterns of coming sessions.

Intra Day Chart Analysis & Market Outlook(14-05-2015)

Nifty-Intra Day Chart (13-May-2015):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8215-8254
2- Consolidation between 8090-8136
3- Consolidation between 8204-8244
4- Mixed Patterns between 8204-8254 
5- Whole day high volatility
6- Whole day actual trading between 8090-8254

Conclusions from intra day chart analysis 

Firstly 128 points up in 1st hour but higher levels selling and after that 164 points fall was seen in 2nd hour today. As lower levels consolidation therefore 114 points recovery from lower levels and higher levels consolidation patterns were seen in last 2 hours today.

As higher levels mixed Patterns formations between 8204-8254 today therefore firstly valid break out of this range should be watched tomorrow for next trend first strong indication. Whole day high volatility in following manner therefore confirmation is must because technical positions reverses during such high volatility.

Whole day high volatility in following manner today:-

128 Points up in 1st hour
164 Points down in 2nd hour
114 Points up after 01:00 PM

As good consolidations today therefore high possibility of fresh up moves towards the top of last 13 sessions range(8365) but view is cautious and valid break out of 8204-8254 is must because high volatility today.

Bears beaten Bull by 198 Runs with Pace Bowling Attack of GST Bill

Technical Analysis and Market Outlook

(13-05-2015)

Nifty-EOD Chart (12-May-2015):-

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Technical Patterns and Formations in EOD charts

1- Sub Wave-5 of Wave-5 completion at 9119.20 on 04-03-2015 and 'ABC'correction beginning
2- Wave-'A'(8269.15 on 27-03-2015)
3- Wave-'B'(8844.40 on 15-04-2015)
4- Wave-'C' recent bottom formation at 7997.15 on 07-05-2015
5- Last 12 sessions trading between 7997-8365
6- Nifty is hovering around Long Term Trend decider 200 Day EMA(today at 8189) for the last 8 sessions.

Nifty-Intra Day Chart (12-May-2015):-

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Technical Patterns and Formations in today intraday charts

1- Nifty slipped 77 points in first 4 minutes and 
2- Nifty lost 92 points within first 11 minutes. 
3- Nifty crashed 119 points within first 18 minutes. 
4- Nifty moved down 155 points within first hour.
5- Last more than 5 hours trading with mixed patterns formations between 8116-8186 

Conclusions (After Putting All Studies Together)

As Parliament session was extended for 3 days from 11-05-2015 to 13-05-2015 and it was expected that  Land Acquisition Bill and GST Bill will be passed in the Budget session therefore strong rally was seen on 8th and 11 May but following negative developments were seen in last 2 days:-

1- Land Bill referred to 30-member joint committee
2- GST Bill referring to Select Committee of Rajya Sabha and it got confirmation at 09:08 AM today from following news:-

GST Bill goes to select committee of Rajya Sabha

(Just click above topic link and go through whole news)

Indian markets reacted negative and sharp fall was seen immediately after opening as well as all intraday gains of last 2 sessions neutralised today. 

Certainly corrective Wave-'C' is on but last 12 sessions sideways between 7997-8365 with supports above 7997 and resistances below 8365 therefore expected that Nifty will trade and will prepare for next decisive moves within this range in the next 1/2 sessions and finally break out of these crucial levels will decide next trend. As Nifty is hovering around Long Term Trend decider 200 Day EMA(today at 8189) for the last 8 sessions which is also lying between 7997-8365 and valid break out of this range will be confirmation of Long Term Trend also therefore it is confirm that one sided big moves will be seen beyond 7997-8365 after Long Term Trend confirmations.  

Waves structure and detailed analysis have already been updated in previous topics and be prepared for next big Moves after sustaining beyond 7997-8365.

Crucial Levels will decide Next Trend after Sharp Fall Today 

Post-open Outlook(12-05-2015)

Following lines were told yesterday in "Pull Back Rally continuation towards 8431 after follow up consolidation":-

1- follow up consolidation is must
2- some intraday corrections may also be seen

Intraday correction was seen in following manner immediately after opening today:-

1- Nifty slipped 77 points in first 4 minutes and 
2- Nifty lost 92 points within first 11 minutes. 
3- Nifty crashed 119 points within first 18 minutes. 

As possibility of GST Bill referring to standing committee and high nervousness therefore such sharp down moves in Indian market.

Certainly we were also expecting intraday correction today but such sharp was not expected  therefore view is cautious because whole rally of yesterday turned zero in first 18 minutes and emergence of following possibility which was updated on 09-05-2015 in "Pull Back Rally continuation require permission from 8224":- 

If 7th May 2015 started rally terminates below the top of Wave-'C'(8844.40) then 5 Waves correction will be seen and its corrective Wave-5 will moves below the bottom of Wave-'C'(7997.15).

As good supports above 7997 on 07-05-2015 and previous strong resistances below 8462 and therefore Nifty will be sideways within 7997-8462 and will prepare for next decisive moves and finally valid break out of these crucial levels will decide next trend.

Pull Back Rally continuation towards 8431 after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(12-05-2015)

Nifty-Intra Day Chart (11-May-2015):-

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Technical Patterns and Formations in today intraday charts

1- First hour consolidation between 8224-8268
1- Higher levels 3 hours consolidation between 8288-8320
2- Whole day actual trading between 8224-8332

Conclusions from intra day chart analysis 

As selling below 8224 last Friday therefore firstly consolidation just above it between 8224-8268 after gap up opening because all the Asian markets were trading strong and following strong closing of US and Asian markets last Friday:-

1- Dow Jones closed 267.05(1.49%) points up last Friday. 
2- Dax closed 391.76(2.65%) points up last Friday. 3- FTSE 100 closed 159.87(2.32%) points up last Friday.
4- CAC 40 closed 123.17(2.48%) points up last Friday.

Following first resistance range was updated on 09-05-2015 in "Pull Back Rally continuation require permission from 8224":- 

1- 8230-8365

Nifty traded whole day within this range with firstly lower levels and after that 3 hours higher levels consolidation therefore expected that Nifty will cross 8365 after follow up consolidation near about it and test following next resistance range.

2- 8431-8462

As resistance up to 8365 and Very Short Term indicators have turned overbought after last 2 sessions strong rally therefore follow up consolidation is must and Nifty may be sideways in consolidation process as well as some intraday corrections may also be seen but expected that finally last Friday started Pull Back Rally continuation will be seen towards 8431.

Pull Back Rally continuation require permission from 8224 

Technical Analysis,Research & Weekly Outlook

(May 11 to May 15,2015)

Nifty-EOD Chart (08-May-2015):-

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Technical Patterns and Formations in EOD charts

1- 5118.85 on 28-08-2013(Wave-1 beginning after 'ABC' correction completion)
2- Wave-1(6415.25 on 09-12-2013)
3- Wave-2(5933.30 on 04-02-2014)
4- Wave-3(8626.95 on 04-12-2014)
5- Wave-4(7961.35 on 17-12-2014)
6- Wave-5(9119.20 on 04-03-2015)('ABC' correction beginning)
7- Wave-'A'(8269.15 on 27-03-2015)
8- Wave-'B'(8844.40 on 15-04-2015)
9- Wave-'C' recent bottom formation at 7997.15 on 07-05-2015
10- 134 Points strong rally and first indication of corrective Wave-C completion on 08-05-2015.

Waves structure of on going Wave-5

Nifty-EOD Chart (08-May-2015):-

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Technical Patterns and Formations in EOD charts

1- 7961.35 on 17-12-2014(Wave-5 beginning after Wave-4 completion)
2- Sub Wave-1(8445.60 on 05-01-2015)
3- Sub Wave-2(8065.45 on 07-01-2015)
4- Sub Wave-3(8996.60 on 30-01-2015)
5- Sub Wave-4(8470.50 on 10-02-2015)
6- Sub Wave-5 of Wave-5 completion at 9119.20 on 04-03-2015 and 'ABC'correction beginning
7- Wave-'A'(8269.15 on 27-03-2015)
8- Wave-'B'(8844.40 on 15-04-2015)
9- Wave-C recent bottom formation at 7997.15 on 07-05-2015
10- 134 Points strong rally and first indication of corrective Wave-C completion on 08-05-2015.

Nifty-Intra Day Chart (08-May-2015):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 8141-8178
2- Selling patterns between 8188-8204 
3- Selling patterns between 8204-8224 
4- Whole day actual trading between 8141-8224

Conclusions from intra day chart analysis 

Firstly 110 points strong up moves in first 10 minutes after 74 points gap up opening and after that whole day trading between 8141-8224 with lower levels consolidation but higher levels selling patterns were also seen in last 3 hours therefore firstly sustaining above day's highest(8224) is must for fresh rally continuation.

As today selling patterns formations are at much higher levels(more than 100 points) therefore today resistances are not be much stronger between 8188-8224 and will be broken out easily after minor consolidation.

Nifty-Intra Day Chart (May 06 to May 08,2015):-

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Technical Patterns and Formations in last 3 Sessions intraday charts

1- More than 5 hours trading with selling patterns formation between 8083-8181 on 06-05-2015
2- Whole day Down moves in Bullish Falling Channel on 07-05-2015
3- Mixed Patterns between 8141-8224 on 08-05-2015
4- 3 Sessions actual trading between 7997-8224 

Conclusions from 3 Sessions intra day chart analysis 

Although whole day good consolidation between 7997-8122 on 07-05-2015 but 5 Hours selling was seen between 8083-8181 on 06-05-2015 therefore complete consolidation was required for sustaining above 8181. As both lower levels consolidation and higher levels selling was seen between 8141-8224 on 08-05-2015 therefore some more consolidation is required for fresh decisive rally above 8181/8224.

Conclusions (After Putting All Studies Together)

Trends of Nifty are as follows:-

1- Short Term Trend Has turned up after 227 points rally from lower levels in last 2 sessions.
2- Intermediate Term Trend is down which will be up above 8505.
3- Long Term Trend is sideways and Nifty is hovering around its decider 200 Day EMA(today at 8188) for the last 6 sessions.

Wave-1 begun from 5118.85 on 28-08-2013 and its Wave-5 completed after 18 months 4000 points rally at 9119.20 on 04-03-2015 and 'ABC' correction started. Recent bottom of on going corrective Wave-'C' at 7997.15 on 07-05-2015 and after that strong 227 points rally was seen in last 2 sessions which is an indication of Wave-'C' completion and confirmation will be after sustaining above 8181/8224.  Once sustaining above 8224 will mean firstly retracement of Wave-'C' according to following retracement levels which started from 8844.40 and completed at 7997.15:-

1- 13.0%- 8,107(Retraced)
2- 23.6%- 8,196(Retraced)
3- 27.0%- 8,225(Retraced)
4- 38.2%- 8,320 (Crucial)
5- 50.0%- 8,420 (Crucial)
6- 61.8%- 8,520 (Crucial)
7- 70.0%- 8,595
8- 76.4%- 8,644
8- 78.6%- 8,662 
10-88.6%- 8,747 

Confirmation of Wave-'C' completion at 7997.15 will mean following 2 possibilities of next trend:-

1- Fresh rally above all time high(9119.20) after 'ABC'correction completion. This possibility can be considered because Wave-5 has almost completely corrected and sufficient(28%) correction of 4000 points rally has been seen. 
2- If 7th May 2015 started rally terminates below the top of Wave-'C'(8844.40) then 5 Waves correction will be seen and its corrective Wave-5 will moves below the bottom of Wave-'C'(7997.15).

Next resistances of Wave-'C' are as follows:-

1- 8230-8365
2- 8431-8462
3- 8486-8502
5- 8522-8564
6- 8640-8468
7- 8690-8750 
8- 8777-8784
9- 8802-8844

As above resistances therefore Nifty has to consolidate for any decisive up move and firstly sustaining beyond Long Term Trend decider 200 Day EMA(today at 8188) should be watched for the confirmation of next Trend towards:-

1- Above 8188 will mean rally towards the top of Wave-'C'(8844.40)
2- Below 8188 will mean extension of Wave-'C' towards fresh down moves below 7997/7961 

Oscillators are oversold therefore Pull Back Rally continuation is expected in the beginning of next week but rally continuation confirmation is must through sustaining above 8224.

Pull Back rally continuation & Watch Immediate Resistance Range for Next Trend

Intra Day Chart Analysis & Market Outlook

(08-05-2015)

Nifty-Intra Day Chart (07-May-2015):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Whole day Down moves in Bullish Falling Channel
3- Whole day actual trading between 7997-8122

Conclusions from intra day chart analysis 

Although most time negative zone trading and closing also .49% down today but as such no selling patterns formations were seen and on the contrary Down moves in Bullish Falling Channel were also developed which is a consolidation pattern.

Following lines were told yesterday in "Correction continuation towards/below 7994":-

1- Nifty will test 7994
2- finally sustaining it beyond will decide next trend

7994 was told and Nifty rebound 79 points after today lowest formation at 7997.15.

When Nifty was trading at much higher levels then calculations and importance of 7994 was told more than 10 times in last 4/5 weeks and 7994 has been almost tested today. As  whole day consolidation was seen today therefore Pull Back rally is expected tomorrow but good selling between 8083-8181 yesterday therefore complete follow up consolidation is required for sustaining above 8181.

On going target of Wave-'B' was at 7994 and it has been achieved today. Now firstly sustaining beyond 8181 should be firstly watched for:-

1- Sustaining above 8181 will mean Pull Back rally continuation with following Waves structure formations possibilities:-
a- Pull Back rally may be fresh rally beginning after 'ABC'correction completion or 
b- Pull Back rally may be Wave-4 for fusing below the the top of Wave-'B'(8844.40) and for fresh down moves beginning below today lowest in the form of Wave-5.
c- First signal of 'ABC'correction completion today but 5 Waves correction possibility is still alive.  
2- Sustaining below 8181 will mean fresh down moves below today lowest and corrective Wave-'B' continuation.

Certainly Big moves can not be decided from the formations of only 1 day intraday charts. Next moves signals have been drawn which are updated above.

Today last hour started Pull Back rally continuation is expected tomorrow and finally sustaining beyond immediate resistance range(8083-8181) will give first strong indication of next trend.

Pre-open Outlook(07-05-2015)

As all the Asian markets are in Red and 3 markets are more than 1% down as well as sentiment is most depressed today morning therefore weak opening will be seen in Indian markets. It should be kept in mind that Oscillators are oversold therefore a bounce back and volatility possibility is high. More than 5 hours trading with selling patterns formation between 8083-8181 yesterday and until Nifty will not sustain above 8181 after complete consolidation till then even Pull Back will not be seen.  

Indian markets will react on GST Bill developments in Rajya Sabha in the coming coming 1/2 sessions and may be volatile also but until Nifty will not sustain above 8181 till then decisive up moves will not be seen despite whatsoever positive news.

Correction continuation towards/below 7994

Intra Day Chart Analysis & Market Outlook

(07-05-2015)

Nifty-Intra Day Chart (06-May-2015):-

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Technical Patterns and Formations in today intraday charts

1- Huge fall in first Hour
2- More than 5 hours trading with selling patterns formation between 8083-8181
3- Whole day actual trading between 8083-8331

Conclusions from intra day chart analysis

Following 4 crucial were updated more than 10 times in previous 4 Weeks:-

1- 8186(Long Term Trend decider 200 Day EMA)
2- 8269(Neckline of Bearish Head and Shoulders Pattern)
3- 8353(Lower rising line of "9 Months Broadening Rising Channel")
4- 7994(100% of Wave-'A')

Just go through previous 4 weeks Outlooks and understand the calculations and importance of above mentioned 4 levels. Following conclusive moves were updated after breaking down confirmations of above levels:-

1- Sustaining below 8186 means Long Term Trend turning down confirmation and resultant correction continuation more than 3/4 months
2- Sustaining below 8269 means Bearish Head and Shoulders's Neckline broken down and resultant deeper correction.
3- Sustaining below 8353 means much deeper/huge correction after "9 Months Channel" broken down confirmation
4- 7994 will be 100% correction of Wave-'A' and this levels has not been tested in on going correction yet. This levels will decide the length and life of correction.

As more than 5 hours trading with selling patterns formation between 8083-8181 today therefore expected that Nifty will test 7994 and finally sustaining it beyond will decide next trend in following manner:-

1- Nifty may slip below 7994 but if finally sustain above it in 2/3 sessions then "ABC" correction possibility will be considered and fresh up moves will be seen after "ABC" correction completion.
2- If finally Nifty sustain below 7994 then 5 Waves correction will be seen and that will mean 5th Wave down moves much below 7994. As Lower rising line of "9 Months Broadening Rising Channel" broken down confirmation therefore its possibility is high.

Correction is on and its continuation is expected towards/below 7994

Live Proofs 100% Accurate Analysis & Profitable calls to Paid Clients

Following lines were told yesterday at 06:03 PM in Fresh Down Moves:-

1- fresh down moves will be seen tomorrow and 
2- Nifty will slip below today lowest(8280.60)

As was told yesterday all that proved 100% accurate in following manner today:-

1- Nifty slipped below 8280.60 within first 25 Minutes today.
2- Nifty moved moved down more than 100 points and made bottom at 8158.35 at 09:38 AM today

Nifty-Intra Day Chart  at 09:38 AM(06-May-2015)

(Just click at above topic link and go through) 

We not only posted Outlooks but also send following trading SMS to our paid clients yesterday and its profit was booked after target achieving today:-

SMS No 1- At 03:21 PM on 05-05-2015-NIFTY-NIFTY-May PE(8200)-Buy-Positional-SL-59 & TGT-104-CMP-78 NIFTY-May Fut-Sell-Positional-SL-8386 & TGT-8316-CMP-8360(Lalit39)
SMS No 2- At 09:37 AM on 06-05-2015-NIFTY May F&O(Shorted on 05-05-2015)-Targets achieved in Fut,Cover and book profit immediately in both PE & Fut-CMP Fut-8316/CMP PE-98(Lalit39)

As we always talk with those proofs which no one can deny therefore updating following live proofs of above mentioned SMS pictures which were sent:-

1- SMS No 1 and 2 Picture from 1st Website(Trading and covering SMS):-

Just click on above picture for enlarged view of those SMS which were sent to paid clients

2- SMS No 1 and 2 Picture from 2nd Website(Trading and covering SMS):-

Just click on above picture for enlarged view of those SMS which were sent to paid clients

If unable to read  text in above picture then:-

1- Firstly click on above SMS picture and enlarge it.

2- If unable to read then Save picture on yours desktop and after that  

3- Open and again enlarge the picture in Windows Picture Viewer.

Only 2 following information are deleted in above SMS Picture due to official secrecy rules:-

1- Numbers of sent SMS.

2- SMS sending Website name.

As we always send 2 SMS for each and every trading call and  2 SMS for each its covering therefore Wherever Our clients are moving they need not to watch market and only have to keep Mobile in their pocket because in any worst condition also minimum 1 SMS will be delivered and our clients will be able to trade and cover without any delay.

We always talk with only those proofs which no one can deny therefore live proofs have been updated and even though if anyone has any doubt then may call us and then he will be given the Mobile Numbers of those who enjoyed profits from any part in India.