1- RIL Strong results
2- Blasting Global markets,
3- Coal India Issue
4- Obama visit
1
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Market retraced in 5 sessions
Sentiment was so strong due to following reasons that Correction completed and market retraced in just 5 sessions in last week:-
1- RIL Strong results
2- Blasting Global markets,
3- Coal India Issue
4- Obama visit
1
1- RIL Strong results
2- Blasting Global markets,
3- Coal India Issue
4- Obama visit
1
Muhurat Trading Session Intraday Chart
I told in Muhurat Trading outlook that:-
"only intraday slipping from higher levels can be expected after some pofit booking today"
As I told 100% same happened and it is depicted in following Intraday char
"only intraday slipping from higher levels can be expected after some pofit booking today"
As I told 100% same happened and it is depicted in following Intraday char
Indian Stock Markets Outlook Near All Time High
Wave 3 is on toward its minimum target at 6359 and all trends are up after completing short term correction last week. March 2009 rally has not only formed new top but near all time high also and any day Indian markets may set new historical top. Forceful new top formations and sustaining above 6357 are must for strong rally in untouched territory
Sentiment heated therefore intraday or very short term 1/2% corrections can be seen any day and it may be a part of consolidation also but until complete selling patterns will not develop till then even short term correction will not be considered. As and when selling patterns will develop,then will be updated accordingly.
Rally is very much on and should be expected that upmoves will be seen after regular consolidations and fresh buying be done after intraday/very short term corrections. While shorting it should be kept in mind that in bullish rally consolidation may happen at higher rates also after any positive development.
Market has confirmed bullishnes therefore remain bullish and be bearish according to selling confirmations only. Firstly be bearish for intraday after some inreaday selling and when 1/2 days selling develop then be bearish for very short term only.
Sentiment heated therefore intraday or very short term 1/2% corrections can be seen any day and it may be a part of consolidation also but until complete selling patterns will not develop till then even short term correction will not be considered. As and when selling patterns will develop,then will be updated accordingly.
Rally is very much on and should be expected that upmoves will be seen after regular consolidations and fresh buying be done after intraday/very short term corrections. While shorting it should be kept in mind that in bullish rally consolidation may happen at higher rates also after any positive development.
Market has confirmed bullishnes therefore remain bullish and be bearish according to selling confirmations only. Firstly be bearish for intraday after some inreaday selling and when 1/2 days selling develop then be bearish for very short term only.
Muhurat Trading Outlook(05-11-2010)
HAPPY DIWALI TO ALL OF YOU
Muhurat Trading From 06:15PM To 07PM
Correction has been completed,all resistances are cleared and yesterday closing was at the top of rally therefore this possibility can not be rules out that Indian markets may celebrate Diwali through forming new top in "DIWALI MUHURAT TRADING SESSION" today.
Diwali is Indian fetival but being celebrated in all over global markets this year through blasting upmoves in most of the Global markets. Sentiment upbeat today and sustaing above 6350 is must in the coming couple of sessions for fresh upmoves without any correction.
It is the trend of Diwali Muhurat sessions that Indian markets does not sustain at higher levels closes near lower levels on Diwali Muhurat after some intraday profit booking therefore keep in mind while deciding the timings of today buying. Indian markets closed at the top of day yesterday and global markets blasted afterwards therefore sentiment heated today and profit booking possibility at higher levels after strong gap up opening can not be ruled out.
Forceful break out and sustaining above 6350 is must for strong rally above new high. Complete fresh selling patterns in intraday and daily charts requires now for any down move and until that will not happen till then any down move will not be considered. Although intraday and minor very short term corrections can be seen any time in heated sentiments but fresh rally above new high expected without any deeper correction because short term correction has been completed in last week..
As sentiment heated therefore gap up opening and only intraday slipping from higher levels can be expected after some pofit booking today.
Muhurat Trading From 06:15PM To 07PM
Correction has been completed,all resistances are cleared and yesterday closing was at the top of rally therefore this possibility can not be rules out that Indian markets may celebrate Diwali through forming new top in "DIWALI MUHURAT TRADING SESSION" today.
Diwali is Indian fetival but being celebrated in all over global markets this year through blasting upmoves in most of the Global markets. Sentiment upbeat today and sustaing above 6350 is must in the coming couple of sessions for fresh upmoves without any correction.
It is the trend of Diwali Muhurat sessions that Indian markets does not sustain at higher levels closes near lower levels on Diwali Muhurat after some intraday profit booking therefore keep in mind while deciding the timings of today buying. Indian markets closed at the top of day yesterday and global markets blasted afterwards therefore sentiment heated today and profit booking possibility at higher levels after strong gap up opening can not be ruled out.
Forceful break out and sustaining above 6350 is must for strong rally above new high. Complete fresh selling patterns in intraday and daily charts requires now for any down move and until that will not happen till then any down move will not be considered. Although intraday and minor very short term corrections can be seen any time in heated sentiments but fresh rally above new high expected without any deeper correction because short term correction has been completed in last week..
As sentiment heated therefore gap up opening and only intraday slipping from higher levels can be expected after some pofit booking today.
Mid-Session Outlook(04-11-2010)
Market sustained at higher levels after gap up opening and crossed last reistance also today. Correction completion confirmation today and bullish 3rd wave is very much on to test new highs.
NIFTY-NOV F&O-1ST SHORTING TRADE OF 03-11-201-COVERING
NIFTY NOV F & O(SHORTED ON 03-11-2010)-COVER IMMEDIATELY-CMP-6248
NIFTY-NOV F&O-1ST SHORTING TRADE OF 03-11-2010-MESSAGE
NIFTY NOV F & O(SHORTED ON 03-11-2010)-ASIAN MARKETS STRONG & VOLTALITY EXPECTED TODAY THEREFORE COVER ONLY AFTER MY COVERING MESSAGE
Pre-Open Market Outlook-2(04-11-2010)
All the Asian markets are strong today morning therefore positive opening will be seen. 6220-6245 is last resistance. Although my views have been bearish but global markets turned stronger and Indian markets responding global strength.
Final views will be posted according to intraday patterns in Mid-Session Outlook
Final views will be posted according to intraday patterns in Mid-Session Outlook
Pre-Open Market Outlook(04-11-2010)
Markets are tend to react on news in very short term and in intraday. As sentiment was heated due to Obama visit,investments expectations after Coal India refunds,Global markets strong recovery therefore positive moves were seen yesterday despite selling patterns within 6080-6137 on Monday and Tuesday. Although Nifty traded whole day within 6150-6180 yesterday but as per technical theories 3 days sustaing is must for any trend confirmations and it will be decided according to sustaining above 6137 for next move confirmations.
Intraday charts of Nifty and many other pivotals are indicating selling patterns within 6150-6180 yesterday therefore down moves are expected. Last 3 days intraday charts are suggesting selling formatins and markets could not loose grounds because sentiment was strong due strong global markets,positive news flows and good news expectations.
As selling patterns therefore View is same and down moves have been delayed only due to positive news flows. No change and expected that Nifty will not sustain above 6180 and will slip below 6080 in the coming sessios.
Intraday charts of Nifty and many other pivotals are indicating selling patterns within 6150-6180 yesterday therefore down moves are expected. Last 3 days intraday charts are suggesting selling formatins and markets could not loose grounds because sentiment was strong due strong global markets,positive news flows and good news expectations.
As selling patterns therefore View is same and down moves have been delayed only due to positive news flows. No change and expected that Nifty will not sustain above 6180 and will slip below 6080 in the coming sessios.
NIFTY-NOV F&O-1ST SHORTING TRADE OF 03-11-2010-TRADE
NIFTY(NOV FUT-SELL-POSITIONAL)SL-6216-TGT-5988-CMP-6184
NIFTY(NOV PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(NOV FUT)-RATES ARE FOR-SL-6216-TGT-5988 FOR ALL OPTIONS-CMP-6184
(SHORT SAME QUANTITY WHICH COVERED TODAY)
NIFTY(NOV PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(NOV FUT)-RATES ARE FOR-SL-6216-TGT-5988 FOR ALL OPTIONS-CMP-6184
(SHORT SAME QUANTITY WHICH COVERED TODAY)
NIFTY-NOV F&O-MESSAGE
NIFTY-NOV F&O-WE COVERED TODAY AS SAFETY & WILL SHORT AGAIN EITHER TODAY OR TOMORROW.
NIFTY-NOV F&O-1ST SHORTING TRADE OF 01-11-2010-COVERING
NIFTY NOV F & O(SHORTED ON 01-11-2010)-COVER IMMEDIATELY-CMP-6209
(WE MAY SHORT AGAIN BUT FIRST COVER)
(WE MAY SHORT AGAIN BUT FIRST COVER)
NIFTY-NOV F&O-1ST SHORTING TRADE OF 01-11-2010-MESSAGE
NIFTY NOV F & O(SHORTED ON 01-11-2010)-GLOBAL MARKETS STRONG TODAY MORNING BUT HOLD AND JUST WAIT FOR MY COVERING MESSAGE
Pre-Open Market Outlook(03-11-2010)
As Daily patterns were showing distribution patterns and intraday charts of last Monday also signalled selling formations therefore it was expected that Indian markets will slip and close in Red yesterday but closed flat after whole day selling formations within 6097-6137. Last 2 days trading range is 6080-6137 and intraday patterns are suggesting selling in last 2 days in indices and many pivotals.
Daily charts distribution patterns have already been disccussed in weekly of current week. As Dow Jones is trading more than 70 points up at this moment therefore opening and firstly trading may be strong today but sustaining above 6137 not expected and slipping below 6080 is very much possible and Red closing expected today despite many bullish news and much bullish sentiments.
Daily charts distribution patterns have already been disccussed in weekly of current week. As Dow Jones is trading more than 70 points up at this moment therefore opening and firstly trading may be strong today but sustaining above 6137 not expected and slipping below 6080 is very much possible and Red closing expected today despite many bullish news and much bullish sentiments.
NIFTY-NOV F&O-1ST SHORTING TRADE OF 01-11-2010-MESSAGE
NIFTY- NOV F & O(SHORTED ON 01-11-2010)-HOLD & CARRY OVER SHORING POSITIONS TO TOMORROW.
NIFTY-NOV F&O-1ST SHORTING TRADE OF 01-11-2010-MESSAGE
NIFTY NOV F & O(SHORTED ON 01-11-2010)-CREDIT POLICY TODAY & MARKET MAY BE VOLATILE.DO NOT PLACE STOP LOSS IN THE SYSTEM. HOLD & WAIT FOR MY MESSAGE
Weakness From Today
Pre-Open Market Outlook(02-11-2010)
View is bearish and its reasons have already been expressed in the weekly of current week. It was also told that Market will positively respond strong RIL results and good recovery was seen because Asian markets were also strong yesterday. Indian markets closed with good gains yesterday but intraday charts of main Indices and many pivotals are showing selling patterns and confirming weakness in Indian markets from today.
As many main banking stocks showed selling patterns and same formations in many other stocks also therefore:-
Whatsoever may be credit policy but Indian markets will slip and close in Red today.
View is bearish and its reasons have already been expressed in the weekly of current week. It was also told that Market will positively respond strong RIL results and good recovery was seen because Asian markets were also strong yesterday. Indian markets closed with good gains yesterday but intraday charts of main Indices and many pivotals are showing selling patterns and confirming weakness in Indian markets from today.
As many main banking stocks showed selling patterns and same formations in many other stocks also therefore:-
Whatsoever may be credit policy but Indian markets will slip and close in Red today.
NIFTY-NOV F&O-1ST SHORTING TRADE OF 01-11-2010-TRADE
NIFTY(NOV FUT-SELL-POSITIONAL)SL-6176-TGT-5988-CMP-6153
NIFTY(NOV PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(NOV FUT)-RATES ARE FOR-SL-6176-TGT-5988 FOR ALL OPTIONS-CMP-6153
(SHORT SAME QUANTITY WHICH COVERED TODAY)
(Typing mistake in heading therefore changed a little at 06:25 PM on 01-11-2010 )
NIFTY(NOV PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(NOV FUT)-RATES ARE FOR-SL-6176-TGT-5988 FOR ALL OPTIONS-CMP-6153
(SHORT SAME QUANTITY WHICH COVERED TODAY)
(Typing mistake in heading therefore changed a little at 06:25 PM on 01-11-2010 )
NIFTY-NOV F&O-1ST SHORTING TRADE OF 29-10-2010-COVERING
NIFTY NOV F & O(SHORTED ON 29-10-2010)-GLOBAL MARKETS BLASTING,VIEW IS BEARISH & WE SHALL SHORT AGAIN BUT FIRST COVER IMMEDIATELY-CMP-6119
Pre-Open Market Outlook-2 (01-11-2010)
Dow futures trading more than 70 points up since morning today and Asian markets blasting today morning. Expected that today Asian markets sharp surge will proove dead cat bounce in the coming sessions. Today Asian markets rise is on the back of strongly trading US futures and global sharp fall will be seen in the leadership of US markets in this week.(Same view which expressed in the weekly in mid night today)
Strong opening and most of the day positive zone trading expected in Indian markets today but finally down moves will commence in the coming couple of sessions
Last bullish day will be today and after that down movws will start.(Same view which expressed in today Pre-Open Market Outlook in mid night today)
Although Global markets blasting today morning but mid-night expressed bearish views are unchanged today morning.
Strong opening and most of the day positive zone trading expected in Indian markets today but finally down moves will commence in the coming couple of sessions
Last bullish day will be today and after that down movws will start.(Same view which expressed in today Pre-Open Market Outlook in mid night today)
Although Global markets blasting today morning but mid-night expressed bearish views are unchanged today morning.
Pre-Open Market Outlook(01-11-2010)
Strong opening and most of the day positive zone trading expected but finally down moves will commence in the coming couple of sessions
Last bullish day will be today and after that down movws will start.
Last bullish day will be today and after that down movws will start.
Steep Fall after Strong RIL Quarterly Results
Weekly Analysis-01 Nov to 05 Nov 2010
October 2010 is suggesting selling month from intraday,daily,weekly and monthly charts patterns. Following patterns are telling for down moves in the begining of Nov 2010:-
1- Last month candle is inverted hammer(Bearish).
2- All 4 October Candles are Red.
3- Oct Derivative closing in Red with record volumes.
4- Daily Charts are indicating Head & Shoulders formations in Oct.
5- Rounding top like formation in Oct.
5- ABC correction is on toward minimum target at 5849.
Only minor pull back was expected and it was declared within first 2 hours in Mid Session outlook last Friday. As sharp recovery was seen in last 1 hour and strong RIL quarterly Results also therefore sentiment will be heated Monday morning and strong weekly opening is possible but expeted that Nifty will not sustain above 6080 in the coming week and will slip below 5932 after fresh selling in the next couple of sessions.
9 Legs have ben formed in last 27 sessions and this this foemations 5 upward and 4 downward legs have been formed and last 10th leg is left and expected it will complete at 5849 or below in the begining of this month.
10 Legs Formations Chart
Global Markets impact on Indian markets
US markets are mature for sharp correction and steep fall may be seen. It seems that Europen markets and some Asian markets are also well riped for fall. Expected that global sharp fall may be seen in the leadership of US markets in this week.
Conclusions
Huge volality expected in this bearish week and finally Red weekly closing expected.
October 2010 is suggesting selling month from intraday,daily,weekly and monthly charts patterns. Following patterns are telling for down moves in the begining of Nov 2010:-
1- Last month candle is inverted hammer(Bearish).
2- All 4 October Candles are Red.
3- Oct Derivative closing in Red with record volumes.
4- Daily Charts are indicating Head & Shoulders formations in Oct.
5- Rounding top like formation in Oct.
5- ABC correction is on toward minimum target at 5849.
Only minor pull back was expected and it was declared within first 2 hours in Mid Session outlook last Friday. As sharp recovery was seen in last 1 hour and strong RIL quarterly Results also therefore sentiment will be heated Monday morning and strong weekly opening is possible but expeted that Nifty will not sustain above 6080 in the coming week and will slip below 5932 after fresh selling in the next couple of sessions.
9 Legs have ben formed in last 27 sessions and this this foemations 5 upward and 4 downward legs have been formed and last 10th leg is left and expected it will complete at 5849 or below in the begining of this month.
10 Legs Formations Chart
Global Markets impact on Indian markets
US markets are mature for sharp correction and steep fall may be seen. It seems that Europen markets and some Asian markets are also well riped for fall. Expected that global sharp fall may be seen in the leadership of US markets in this week.
Conclusions
Huge volality expected in this bearish week and finally Red weekly closing expected.
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