Most time slow up moves after strong opening and no clear pattern formation yet today therefore sustaining beyond 5741-5792 should be watched for next and Long Term Trend confirmations. Now trading above 5792 and sustaining above it should be firstly watched and We want to inform it also that we have already sent profit booking message(SMS) to our Paid Clients in our 5800 Call Option buying call of yesterday.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Live Proofs of Profits and the Best and Profitable Services of Indian Stock Markets
When US Futures was more than 60 points down and Indian markets were trading near the lowest of the day yesterday and all were telling for more down moves then we were Bullish and expecting minimum a bounce back on 14-06-2013 therefore sent following Nifty call Option buying call to our paid clients at 03:22:50 PM yesterday:-
NIFTY-Jun Call Option(5800)-Buy-Positional-SL-29-TGT-114-CMP-42(Lalit39)
We always send all trades through 2 websites and other guidances regarding all trades from 1 website therefore following 2 messages were also sent:-
1st Website- NIFTY-Jun Call Option(5800)-Buying messages SMS pictures is as follows:-
2nd Website- NIFTY-Jun Call Option(5800)-Buying messages SMS pictures is as follows:-
If unable to read text in above picture then:-
1- Firstly click on above SMS picture and enlarge it.
2- Save picture on yours desktop.
3- Open and again enlarge the picture in Windows Picture Viewer.
Only 2 following information are deleted in above Picture due to official secrecy rules:-
1- Numbers of sent SMS.
2- SMS sending Website name.
NIFTY-Jun Call Option(5800)-Buy-Positional-SL-29-TGT-114-CMP-42(Lalit39)
We always send all trades through 2 websites and other guidances regarding all trades from 1 website therefore following 2 messages were also sent:-
1st Website- NIFTY-Jun Call Option(5800)-Buying messages SMS pictures is as follows:-
 |
| Just click on above picture for enlarged view of SMS sent to paid clients |
 |
| Just click on above picture for enlarged view of SMS sent to paid clients |
1- Firstly click on above SMS picture and enlarge it.
2- Save picture on yours desktop.
3- Open and again enlarge the picture in Windows Picture Viewer.
Only 2 following information are deleted in above Picture due to official secrecy rules:-
1- Numbers of sent SMS.
2- SMS sending Website name.
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.
Live proofs of Miraculous predictions through Accurate analysis of Intraday Charts
Why we told for up moves above 5729 and testing possibility of 5766 at 07:34 PM yesterday in Technical Analysis and Market Outlook(14-06-2013):-
1- When Indian markets closed more than 1% down and FIIs were net sellers by almost Rs 500 Cr in both equity and derivatives yesterday.
2- When all European markets were trading negative and US markets were flat after deep Red closing of all Asian markets.
Although all above mentioned things were telling for down moves but we told for up moves and gave higher levels,result is clear and Nifty tested both mentioned levels today because we highly believe in intraday charts analysis and finally conclude from it.
Mid-session Outlook(14-06-2013)
Nifty is hovering around Long Term Trend decider 200-Day EMA(5766) for the last 3 hours and sustaining beyond 5741-5792 should be firstly watched now for next and Long Term Trend confirmations.
Technical Analysis and Market Outlook(14-06-2013)
Nifty-Intra Day Chart (13-Jun-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5710-5729
2- Down moves in Bullish Falling Channel.
3- Buying between 5683-5698.
3- Whole day actual trading between 5683-5729
48 Points range bound sideways trading after gap down trading due to most depressing Global sentiments and again weakening of Indian Repee today. Firstly selling at higher levels but lower levels supports also with Down moves in Bullish Falling Channel therefore follow up moves within and nearabout today trading range and sustaining beyond today trading range will decide the fate of Long Term Trend because whole day trading below 200 Day EMA(5766) today.
As lower levels good consolidations and supports today therefore up moves above today highs(5729) are expected and testing of 200 Day EMA(5766) is very much possible tomorrow. Sustaining beyond 200 Day EMA(5766) will decide next trend and should be firstly watched in the coming sessions.
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| Just click on chart for its enlarged view |
1- Selling between 5710-5729
2- Down moves in Bullish Falling Channel.
3- Buying between 5683-5698.
3- Whole day actual trading between 5683-5729
Conclusions from intra day chart analysis
48 Points range bound sideways trading after gap down trading due to most depressing Global sentiments and again weakening of Indian Repee today. Firstly selling at higher levels but lower levels supports also with Down moves in Bullish Falling Channel therefore follow up moves within and nearabout today trading range and sustaining beyond today trading range will decide the fate of Long Term Trend because whole day trading below 200 Day EMA(5766) today.
As lower levels good consolidations and supports today therefore up moves above today highs(5729) are expected and testing of 200 Day EMA(5766) is very much possible tomorrow. Sustaining beyond 200 Day EMA(5766) will decide next trend and should be firstly watched in the coming sessions.
FII & DII trading activity in Capital Market Segment on 13-Jun-2013
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Nifty Spot-Levels & Trading Strategy for 14-06-2013
Nifty Spot-Levels
R3 5770
R2 5749
R1 5724
Avg 5703
S1 5678
S2 5657
S3 5632
Nifty Spot-Trading Strategy
H6 5745 Trgt 2
H5 5734 Trgt 1
H4 5724 Long breakout
H3 5711 Go Short
H2 5707
H1 5703
L1 5694
L2 5690
L3 5686 Long
L4 5673 Short Breakout
L5 5663 Trgt 1
L6 5652 Trgt 2
R3 5770
R2 5749
R1 5724
Avg 5703
S1 5678
S2 5657
S3 5632
Nifty Spot-Trading Strategy
H6 5745 Trgt 2
H5 5734 Trgt 1
H4 5724 Long breakout
H3 5711 Go Short
H2 5707
H1 5703
L1 5694
L2 5690
L3 5686 Long
L4 5673 Short Breakout
L5 5663 Trgt 1
L6 5652 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 14-06-2013
Nifty(Jun Fut)-Levels
R3 5777
R2 5757
R1 5731
Avg 5711
S1 5685
S2 5665
S3 5639
Nifty(Jun Fut)-Trading Strategy
H6 5751 Trgt 2
H5 5740 Trgt 1
H4 5730 Long breakout
H3 5717 Go Short
H2 5713
H1 5709
L1 5700
L2 5696
L3 5692 Long
L4 5679 Short Breakout
L5 5669 Trgt 1
L6 5658 Trgt 2
R3 5777
R2 5757
R1 5731
Avg 5711
S1 5685
S2 5665
S3 5639
Nifty(Jun Fut)-Trading Strategy
H6 5751 Trgt 2
H5 5740 Trgt 1
H4 5730 Long breakout
H3 5717 Go Short
H2 5713
H1 5709
L1 5700
L2 5696
L3 5692 Long
L4 5679 Short Breakout
L5 5669 Trgt 1
L6 5658 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 14-06-2013
Bank Nifty(Jun Fut)-Levels
R3 11945
R2 11887
R1 11803
Avg 11745
S1 11661
S2 11603
S3 11519
Bank Nifty(Jun Fut)-Trading Strategy
H6 11861 Trgt 2
H5 11829 Trgt 1
H4 11797 Long breakout
H3 11758 Go Short
H2 11745
H1 11732
L1 11705
L2 11692
L3 11679 Long
L4 11640 Short Breakout
L5 11608 Trgt 1
L6 11576 Trgt 2
R3 11945
R2 11887
R1 11803
Avg 11745
S1 11661
S2 11603
S3 11519
Bank Nifty(Jun Fut)-Trading Strategy
H6 11861 Trgt 2
H5 11829 Trgt 1
H4 11797 Long breakout
H3 11758 Go Short
H2 11745
H1 11732
L1 11705
L2 11692
L3 11679 Long
L4 11640 Short Breakout
L5 11608 Trgt 1
L6 11576 Trgt 2
Pre-Closing Outlook(13-06-2013)
Whole day range bound trading under most depressed sentiments after gap down opening with higher levels selling and lower levels good consolidations. As lower levels good consolidations and supports today therefore final conclusions regarding 200 Day EMA breaking down confirmations are being reconsidered and follow up moves as well as today trading range break out will also be firstly watched for confirmations.
At present view is neither Bullish nor Bearish and will be according to valid break out of today trading range.
At present view is neither Bullish nor Bearish and will be according to valid break out of today trading range.
Mid-session Outlook-2(13-06-2013)
Sentiment is highly depressed today and indicators are oversold in Daily charts therefore a bounce back and intraday volatility is possible. As supports at lower levels therefore its possibility will be considered now.
Mid-session Outlook(13-06-2013)
Although 3% down or 3 sessions closing below 200 Day EMA is required for its breaking down confirmations but we try to get it earlier through follow up technical positions beyond it. As follow up selling seen at higher levels today after Indian Rupee turning more than 1% down and crashing all Global markets therefore gave breaking down confirmations of 200 Day EMA.
Post-open Outlook(13-06-2013)
All the Asian markets are 1.20% to 5.50% down but Indian markets are out performing and Nifty is only .80% down today because whole day good consolidations yesterday. As sentiment is completely depressed therefore follow up moves will be firstly watched today because Long Term Trend is at stake and once confirmation of sustaining below 200 Day EMA(5766) will mean big fall also. Let its breaking down confirmation come then will be updated accordingly.
Pre-open Outlook(13-06-2013)
Crashing Global markets and completely depressed sentiment today morning therefore gap down opening will be seen in Indian markets and most time negative zone trading may also be seen today but intraday charts of yesterday showed consolidation patterns formations therefore until follow up selling will not develop and Nifty will not sustain below yesterday lowest(5741) till then more down moves will not be considered.
Technical Analysis and Market Outlook(13-06-2013)
Nifty-Intra Day Chart (12-Jun-2013):-
Technical Patterns and Formations in today intraday charts
1- Consolidation Patterns and supports between 5741-5757
2- Down moves in Bullish Falling Channel.
3- Mixed Patterns between 5775-5792
4- Whole day actual trading between 5741-5792
Whole day narrow range quiet trading with lower levels consolidation Patterns and supports and down moves in Bullish Falling channels. As mixed Patterns formations st higher levels therefore today trading range valid break out is required for next immediate moves confirmations but whole day intraday patterns are showing consolidations and Bullish formations therefore high possibility of up moves above today highest(5792) tomorrow.
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| Just click on chart for its enlarged view |
1- Consolidation Patterns and supports between 5741-5757
2- Down moves in Bullish Falling Channel.
3- Mixed Patterns between 5775-5792
4- Whole day actual trading between 5741-5792
Conclusions from intra day chart analysis
Whole day narrow range quiet trading with lower levels consolidation Patterns and supports and down moves in Bullish Falling channels. As mixed Patterns formations st higher levels therefore today trading range valid break out is required for next immediate moves confirmations but whole day intraday patterns are showing consolidations and Bullish formations therefore high possibility of up moves above today highest(5792) tomorrow.
FII & DII trading activity in Capital Market Segment on 12-Jun-2013
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Nifty Spot-Levels & Trading Strategy for 13-06-2013
Nifty Spot-Levels
R3 5842
R2 5817
R1 5788
Avg 5763
S1 5734
S2 5709
S3 5680
Nifty Spot-Trading Strategy
H6 5814 Trgt 2
H5 5801 Trgt 1
H4 5789 Long breakout
H3 5774 Go Short
H2 5769
H1 5764
L1 5755
L2 5750
L3 5745 Long
L4 5730 Short Breakout
L5 5718 Trgt 1
L6 5705 Trgt 2
R3 5842
R2 5817
R1 5788
Avg 5763
S1 5734
S2 5709
S3 5680
Nifty Spot-Trading Strategy
H6 5814 Trgt 2
H5 5801 Trgt 1
H4 5789 Long breakout
H3 5774 Go Short
H2 5769
H1 5764
L1 5755
L2 5750
L3 5745 Long
L4 5730 Short Breakout
L5 5718 Trgt 1
L6 5705 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2013
Nifty(Jun Fut)-Levels
R3 5864
R2 5836
R1 5803
Avg 5775
S1 5742
S2 5714
S3 5681
Nifty(Jun Fut)-Trading Strategy
H6 5832 Trgt 2
H5 5818 Trgt 1
H4 5804 Long breakout
H3 5787 Go Short
H2 5782
H1 5776
L1 5765
L2 5759
L3 5754 Long
L4 5737 Short Breakout
L5 5723 Trgt 1
L6 5709 Trgt 2
R3 5864
R2 5836
R1 5803
Avg 5775
S1 5742
S2 5714
S3 5681
Nifty(Jun Fut)-Trading Strategy
H6 5832 Trgt 2
H5 5818 Trgt 1
H4 5804 Long breakout
H3 5787 Go Short
H2 5782
H1 5776
L1 5765
L2 5759
L3 5754 Long
L4 5737 Short Breakout
L5 5723 Trgt 1
L6 5709 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 13-06-2013
Bank Nifty(Jun Fut)-Levels
R3 12088
R2 11996
R1 11905
Avg 11813
S1 11722
S2 11630
S3 11539
Bank Nifty(Jun Fut)-Trading Strategy
H6 11998 Trgt 2
H5 11956 Trgt 1
H4 11914 Long breakout
H3 11864 Go Short
H2 11847
H1 11830
L1 11797
L2 11780
L3 11763 Long
L4 11713 Short Breakout
L5 11671 Trgt 1
L6 11629 Trgt 2
R3 12088
R2 11996
R1 11905
Avg 11813
S1 11722
S2 11630
S3 11539
Bank Nifty(Jun Fut)-Trading Strategy
H6 11998 Trgt 2
H5 11956 Trgt 1
H4 11914 Long breakout
H3 11864 Go Short
H2 11847
H1 11830
L1 11797
L2 11780
L3 11763 Long
L4 11713 Short Breakout
L5 11671 Trgt 1
L6 11629 Trgt 2
Pre-Closing Outlook(12-06-2013)
Only consolidations and Sustaining beyond 5767 told in all the previous Outlooks today and result is clear that market recovered from lower levels and whole day hovered around 5767. Nifty traded whole day between 5739-5792 with lower levels supports and mixed patterns formations in last 2 hours,
Until Nifty will not sustain below 5767/5739 till then next down move will not be considered and next moves confirmations will be sustaining beyond today trading range(5739-5792)
Until Nifty will not sustain below 5767/5739 till then next down move will not be considered and next moves confirmations will be sustaining beyond today trading range(5739-5792)
Mid-session Outlook-2(12-06-2013)
Whole day negative zone trading after gap down opening and hovering around Long Term Trend decider 200-Days EMA(5767) but consolidation patterns formations seen today therefore following lines are being repeated which were told today in Post-open Outlook:-
Sustaining beyond 5767 should be firstly watched now for next trend confirmations.
Sustaining beyond 5767 should be firstly watched now for next trend confirmations.
Mid-session Outlook(12-06-2013)
IIP numbers and CPI data negatively surprised today and after this sustaining below 200-Days EMA(today 5767) will mean more deep down moves. As steep fall not seen immediately after announcements therefore sustaining beyond 5767 should be firstly watched today for Long Term Trend confirmations.
Post-open Outlook(12-06-2013)
Long Terms Trend decider 200-Days EMA is at 5767 today and it has been tested today through lowest formation at 5756.10. As intraday consolidation patterns with lower levels support seen today therefore until fresh selling will not develop as well as Nifty will not sustain below 5767 till then next down moves will not be considered. Although deep down moves were seen yesterday but intraday charts showed consolidation patterns indications therefore if follow up buying develop in the coming hours then correction completion will be considered near 200-Days EMA.
Sustaining beyond 5767 should be firstly watched now for next trend confirmations.
Sustaining beyond 5767 should be firstly watched now for next trend confirmations.
correction continuation after slipping and sustaining below today lowest(5857)
Following line was told at 01:10 AM on 10-06-2013 in "Correction continuation below 5841 after Bearish pattern broken down confirmations"
high possibility of slipping below next broader support range 5841-5900 in next 2/3 sessions
Our both above predictions proved 100% accurate and today lowest formation at 5810.20.
Just click above topic links and verify on yours own as well as understand technical reasons of today down moves
Just click above topic links and verify on yours own as well as understand technical reasons of today down moves
Not only today but our Blog is full of such 100% accurate Indian Stock Market daily predictions for the last more than 3 years Anyone can verify any time from Blog Archieve at the bottom of this Blog.
Technical Analysis and Market Outlook(11-06-2013)
Nifty-Intra Day Chart (10-Jun-2013):-
Technical Patterns and Formations in today intraday charts
1-Supports between 5874-5887.
2- Selling between 5904-5914.
3- Whole day actual trading between 5857-5931.
Correction continuation and today most time trading between next strong supports range(5860-5900) and testing of its lowest(5860) as well. Good selling at higher levels in previous week and today again selling above mentioned strong supports range also but lower levels supports also seen today. As today whole day trading was news driven because firstly blasting Global cues and resultant strong Green zone trading immediately after opening but sentiment dampened also because Indian Rupee continuously weakened whole day.
Final conclusion from today intraday trading is that positions are not one sided but mixed and valid break of today trading range will be next trend following confirmations:-
1- Deeper correction confirmation below 5857.
2- First indication of up moves above 5931 and confirmation will be after sustaining above 5981.
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| Just click on chart for its enlarged view |
1-Supports between 5874-5887.
2- Selling between 5904-5914.
3- Whole day actual trading between 5857-5931.
Conclusions from intra day chart analysis
Correction continuation and today most time trading between next strong supports range(5860-5900) and testing of its lowest(5860) as well. Good selling at higher levels in previous week and today again selling above mentioned strong supports range also but lower levels supports also seen today. As today whole day trading was news driven because firstly blasting Global cues and resultant strong Green zone trading immediately after opening but sentiment dampened also because Indian Rupee continuously weakened whole day.
Final conclusion from today intraday trading is that positions are not one sided but mixed and valid break of today trading range will be next trend following confirmations:-
1- Deeper correction confirmation below 5857.
2- First indication of up moves above 5931 and confirmation will be after sustaining above 5981.
As Bearish Head & Shoulders pattern formations confirmation and higher levels good selling in previous week and some selling also seen today therefore expected that follow up selling will develop in the coming sessions and high possibility of correction continuation after slipping and sustaining below today lowest(5857)
FII & DII trading activity in Capital Market Segment on 10-Jun-2013
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Nifty Spot-Levels & Trading Strategy for 11-06-2013
Nifty Spot-Levels
R3 5994
R2 5962
R1 5920
Avg 5888
S1 5846
S2 5814
S3 5772
Nifty Spot-Trading Strategy
H6 5952 Trgt 2
H5 5935 Trgt 1
H4 5918 Long breakout
H3 5898 Go Short
H2 5891
H1 5884
L1 5871
L2 5864
L3 5857 Long
L4 5837 Short Breakout
L5 5820 Trgt 1
L6 5803 Trgt 2
R3 5994
R2 5962
R1 5920
Avg 5888
S1 5846
S2 5814
S3 5772
Nifty Spot-Trading Strategy
H6 5952 Trgt 2
H5 5935 Trgt 1
H4 5918 Long breakout
H3 5898 Go Short
H2 5891
H1 5884
L1 5871
L2 5864
L3 5857 Long
L4 5837 Short Breakout
L5 5820 Trgt 1
L6 5803 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 11-06-2013
Nifty(Jun Fut)-Levels
R3 6004
R2 5971
R1 5932
Avg 5899
S1 5860
S2 5827
S3 5788
Nifty(Jun Fut)-Trading Strategy
H6 5965 Trgt 2
H5 5948 Trgt 1
H4 5932 Long breakout
H3 5912 Go Short
H2 5906
H1 5899
L1 5886
L2 5879
L3 5873 Long
L4 5853 Short Breakout
L5 5837 Trgt 1
L6 5820 Trgt 2
R3 6004
R2 5971
R1 5932
Avg 5899
S1 5860
S2 5827
S3 5788
Nifty(Jun Fut)-Trading Strategy
H6 5965 Trgt 2
H5 5948 Trgt 1
H4 5932 Long breakout
H3 5912 Go Short
H2 5906
H1 5899
L1 5886
L2 5879
L3 5873 Long
L4 5853 Short Breakout
L5 5837 Trgt 1
L6 5820 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 11-06-2013
Bank Nifty(Jun Fut)-Levels
R3 12645
R2 12500
R1 12297
Avg 12152
S1 11949
S2 11804
S3 11601
Bank Nifty(Jun Fut)-Trading Strategy
H6 12444 Trgt 2
H5 12364 Trgt 1
H4 12285 Long breakout
H3 12189 Go Short
H2 12157
H1 12125
L1 12062
L2 12030
L3 11998 Long
L4 11902 Short Breakout
L5 11823 Trgt 1
L6 11743 Trgt 2
R3 12645
R2 12500
R1 12297
Avg 12152
S1 11949
S2 11804
S3 11601
Bank Nifty(Jun Fut)-Trading Strategy
H6 12444 Trgt 2
H5 12364 Trgt 1
H4 12285 Long breakout
H3 12189 Go Short
H2 12157
H1 12125
L1 12062
L2 12030
L3 11998 Long
L4 11902 Short Breakout
L5 11823 Trgt 1
L6 11743 Trgt 2
Pre-Closing Outlook-2(10-06-2013)
As Indian Rupee weakened by 25 paisa against USD in last 1 hour therefore its direct impact seen and Indian stock markets slipped as well as most crucial support of 5860 was tested. Next down moves confirmations are still required through sustaining below 5874/5860.
Pre-Closing Outlook(10-06-2013)
Recovery seen after lower levels consolidations and supports between 5874-5882 but and slipping after more than half hour selling between 5904-5914. Certainly intraday patterns are mixed today and valid break mout of today actual trading range(5874-5918) should be firstly watched for next immediate moves confirmations.
Mid-session Outlook-2(10-06-2013)
Although today lowest broken down and now Nifty is trading in Red after loosing all hefty intraday gains but last more than 2 hours intraday charts are showing consolidation indications therefore until Nifty will not sustaining below 5860 till then deeper correction will not be seen. Firstly sustaining beyond 5860 should be watched for next trend confirmations
Mid-session Outlook(10-06-2013)
As good selling at higher levels therefore down moves were told in previous Outlooks and it was seen also that Indian markets could not sustain at higher levels despite strong global cues. Although Nifty is trading near today intraday lows but emergence of consolidation patterns therefore sustaining beyond following range should be firstly watched for next moves confirmations:-
5860-5981
5860-5981
Pre-open Outlook(10-06-2013)
Nifty traded between 5871-5945 in last more than 2 hours last Friday and slipped in last hour after almost 2 hours selling between 5917-5945. As sentiment is positive today morning after strong global markets and Asian markets are recovering from lower levels therefore Nifty will firstly trade between 5871-5945 and prepare for next moves. Although finally down moves are expected below 5871 but precautionally sustaining beyond 5871-5945 should also be watched:-
1- For steep fall below 5871 or
2- For up moves above 5945 but complete consolidation is firstly required within mentioned range.
1- For steep fall below 5871 or
2- For up moves above 5945 but complete consolidation is firstly required within mentioned range.
Correction continuation below 5841 after Bearish pattern broken down confirmations
Technical Analysis,Research & Weekly Outlook
(Jun 10 to Jun 14,2013)
Nifty-EOD Chart (07-Jun-2013):- |
| Just click on chart for its enlarged view |
1- 4531.15 on 20-12-2011(Wave-i of Wave-5 beginning)
2- Wave-i(5629.95 on 22-02-2012)
3- Wave-ii(4770.35 on 04-06-2012)
4- Wave-iii(6111.80 on 29-01-2013)
5- Wave-iv(5477.20 on 10-04-2013)
6- Wave-v of Wave-5(recent top formation at 6229.45 on 20-05-2013)
7- Corrective Wave-C of 'ABC' correction continuation.
Conclusions from EOD chart analysis
Corrective Wave-C of corrective 'ABC' continuation after Impulsive Wave-B completion at 6133.75 on 30-05-2013. Corrective Wave-A retraced 292.65 points and its almost 100% retracement is possible therefore on going Wave-C may retrace up to:-
5841.10(6133.75-292.65).
Wave-C recent bottom formations at 5869.50 on 06-06-2013 and Nifty closed near about it at 5881.00 on 07-06-2013. As last Friday closing near the near the bottom of on going correction and next supports are between 5860-5900 as well as 100% retracement level is at 5841.10 therefore next support range is 5841-5900.
Detailed Analysis on on going ABC' correction
Nifty-EOD Chart (07-Jun-2013):-
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| Just click on chart for its enlarged view |
1- Wave-iv(5477.20 on 10-04-2013)
2- Wave-v of Wave-5(6229.45 on 20-05-2013)
3- Bearish Head & Shoulders formation in last 20 sessions and its Neckline(6970) broken down on 03-06-2013.
Conclusions from EOD chart analysis
Bearish Head & Shoulders formation and its Neckline(6970) broken down as well as 5 sessions closing below it therefore almost its confirmation and opening the doors of deeper correction.
Nifty-Intra Day Chart (Jun 03 to Jun 07,2013):-
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| Just click on chart for its enlarged view |
1- Bearish Head & Shoulders and its Neckline(6970) broken down on 03-06-2013
2- 7 times multiple selling at higher levels in last 5 Sessions.
3- 4 times multiple supports at lower levels in last 5 Sessions.
3- 5 Sessions actual trading between 5870-6011.
Conclusions from 5 Sessions intra day chart analysis
Although lower levels supports but higher levels good selling also in last 5 sessions and closing near lower levels because huge selling on 07-06-2013 after breaking down of all supports therefore expectations of more down moves.
Nifty-Intra Day Chart (07-Jun-2013):-
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| Just click on chart for its enlarged view |
1- consolidation between 5900-5917
2- Bearish Rising Wedge formations near the top of day.
3- Good selling between 5955-5972
4- Follow up selling between 5917-5945
5- Whole day actual trading between 5871-5972
Conclusions from intra day chart analysis
Firstly consolidation but Bearish Rising Wedge formations near the top of day and after that that Good selling in last 3 hours as well as closing near the lows of the day and it is strong indication of weakness.
Conclusions (After Putting All Studies Together)
'ABC' correction is on and deepr correction possibility after Neckline broken down confirmations of Bearish Head & Shoulders pattern. Although good selling at higher levels in previous week but next supports are between 5860-5900 and Nifty closed between this range in previous week therefore this range is last hope for Bulls and once valid break down below 5860 will mean steep fall.
Technical Analysis and Market Outlook(10-06-2013)
Although Indian markets closed at the lowest of the day but US markets closed with good gains last Friday therefore firstly positive zone trading is expected in the beginning of next week but expected that following resistance ranges will not be crossed under whatsoever Bullish sentiments:-
1- 5917-5945
2- 5955-5972
3- 5960-5981
Expected that follow up selling will develop in the coming sessions and high possibility of slipping below next broader support range 5841-5900 in next 2/3 sessions because broken down confirmations of Bearish Head & Shoulders pattern in previous week.
FII & DII trading activity in Capital Market Segment on 07-Jun-2013
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Indian Stock Markets Closing Reports(07-Jun-2013)
Main features of today trading are as follows
RatiosIndex Options Put Call Ratio: 0.97
Total Options Put Call Ratio: 0.94
Nifty P/E Ratio(07-Jun-2013): 17.51
Advances & Declines
BSE Advances : 1,031
BSE Declines : 1,328
NSE Advances : 591
NSE Declines : 798
Nifty Open Interest Changed Today
Nifty- 5700 CE(Jun)- -35,000(-4.55%)
Nifty- 5700 PE(Jun- 443,050(9.07%)
Nifty- 5800 CE(Jun)- 151,800(9.50%)
Nifty- 5800 PE(Jun- 239,800(4.09%)
Nifty- 5900 CE(Jun)- 297,200(7.86%)
Nifty- 5900 PE(Jun- -72,400(-1.08%)
Nifty- 6000 CE(Jun)- 940,800(20.12%)
Nifty- 6000 PE(Jun- 110,700(3.23%)
Closing
Sensex- closed at 19,429.23(-90.26 Points & -0.46%)
Nifty- closed at 5,881.00(-40.40 Points & -0.68%)
CNX Midcap - closed at 7,804.30(-60.50 Points & -0.77%)
CNX Smallcap- closed at 3,157.25(-12.60 Points & -0.40%)
Nifty Spot-Levels & Trading Strategy for 10-06-2013
Nifty Spot-Levels
R3 6046
R2 6009
R1 5945
Avg 5908
S1 5844
S2 5807
S3 5743
Nifty Spot-Trading Strategy
H6 5982 Trgt 2
H5 5959 Trgt 1
H4 5936 Long breakout
H3 5908 Go Short
H2 5899
H1 5890
L1 5871
L2 5862
L3 5853 Long
L4 5825 Short Breakout
L5 5802 Trgt 1
L6 5779 Trgt 2
R3 6046
R2 6009
R1 5945
Avg 5908
S1 5844
S2 5807
S3 5743
Nifty Spot-Trading Strategy
H6 5982 Trgt 2
H5 5959 Trgt 1
H4 5936 Long breakout
H3 5908 Go Short
H2 5899
H1 5890
L1 5871
L2 5862
L3 5853 Long
L4 5825 Short Breakout
L5 5802 Trgt 1
L6 5779 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 10-06-2013
Nifty(Jun Fut)-Levels
R3 6067
R2 6028
R1 5961
Avg 5922
S1 5855
S2 5816
S3 5749
Nifty(Jun Fut)-Trading Strategy
H6 6001 Trgt 2
H5 5977 Trgt 1
H4 5953 Long breakout
H3 5924 Go Short
H2 5914
H1 5904
L1 5885
L2 5875
L3 5865 Long
L4 5836 Short Breakout
L5 5812 Trgt 1
L6 5788 Trgt 2
R3 6067
R2 6028
R1 5961
Avg 5922
S1 5855
S2 5816
S3 5749
Nifty(Jun Fut)-Trading Strategy
H6 6001 Trgt 2
H5 5977 Trgt 1
H4 5953 Long breakout
H3 5924 Go Short
H2 5914
H1 5904
L1 5885
L2 5875
L3 5865 Long
L4 5836 Short Breakout
L5 5812 Trgt 1
L6 5788 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 10-06-2013
Bank Nifty(Jun Fut)-Levels
R3 12701
R2 12597
R1 12412
Avg 12308
S1 12123
S2 12019
S3 11834
Bank Nifty(Jun Fut)-Trading Strategy
H6 12516 Trgt 2
H5 12451 Trgt 1
H4 12385 Long breakout
H3 12306 Go Short
H2 12279
H1 12253
L1 12200
L2 12174
L3 12147 Long
L4 12068 Short Breakout
L5 12002 Trgt 1
L6 11937 Trgt 2
R3 12701
R2 12597
R1 12412
Avg 12308
S1 12123
S2 12019
S3 11834
Bank Nifty(Jun Fut)-Trading Strategy
H6 12516 Trgt 2
H5 12451 Trgt 1
H4 12385 Long breakout
H3 12306 Go Short
H2 12279
H1 12253
L1 12200
L2 12174
L3 12147 Long
L4 12068 Short Breakout
L5 12002 Trgt 1
L6 11937 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Jun 10 to Jun 14,2013)
Nifty Spot-Weekly Levels
R3 6112
R2 6061
R1 5971
Avg 5920
S1 5830
S2 5779
S3 5689
Nifty Spot-Weekly Trading Strategy
H6 6022 Trgt 2
H5 5990 Trgt 1
H4 5958 Long breakout
H3 5919 Go Short
H2 5906
H1 5893
L1 5868
L2 5855
L3 5842 Long
L4 5803 Short Breakout
L5 5771 Trgt 1
L6 5739 Trgt 2
R3 6112
R2 6061
R1 5971
Avg 5920
S1 5830
S2 5779
S3 5689
Nifty Spot-Weekly Trading Strategy
H6 6022 Trgt 2
H5 5990 Trgt 1
H4 5958 Long breakout
H3 5919 Go Short
H2 5906
H1 5893
L1 5868
L2 5855
L3 5842 Long
L4 5803 Short Breakout
L5 5771 Trgt 1
L6 5739 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Jun 10 to Jun 14,2013)
Bank Nifty Spot-Weekly Levels
R3 12777
R2 12649
R1 12440
Avg 12312
S1 12103
S2 11975
S3 11766
Bank Nifty Spot-Weekly Trading Strategy
H6 12569 Trgt 2
H5 12492 Trgt 1
H4 12416 Long breakout
H3 12323 Go Short
H2 12292
H1 12261
L1 12200
L2 12169
L3 12138 Long
L4 12045 Short Breakout
L5 11969. Trgt 1
L6 11892 Trgt 2
R3 12777
R2 12649
R1 12440
Avg 12312
S1 12103
S2 11975
S3 11766
Bank Nifty Spot-Weekly Trading Strategy
H6 12569 Trgt 2
H5 12492 Trgt 1
H4 12416 Long breakout
H3 12323 Go Short
H2 12292
H1 12261
L1 12200
L2 12169
L3 12138 Long
L4 12045 Short Breakout
L5 11969. Trgt 1
L6 11892 Trgt 2
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