ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
FII & DII trading activity in Capital Market Segment on 19-Jul-2013
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Indian Stock Markets Closing Reports(19-Jul-2013)
Main features of today trading are as follows
RatiosIndex Options Put Call Ratio: 1.34
Total Options Put Call Ratio: 1.22
Nifty P/E Ratio(19-Jul-2013): 18.30
Nifty P/B Ratio(19-Jul-2013): 3.09
Dividend Yield (19-Jul-2013): 1.37
Advances & Declines
BSE Advances : 1,015
BSE Declines : 1,325
NSE Advances : 519
NSE Declines : 822
Nifty Open Interest Changed Today
Nifty- 5700 CE(Jul)- -111,900(-8.18%)
Nifty- 5700 PE(Jul)- -1,540,650(-25.00%)
Nifty- 5800 CE(Jul)- -141,400(-5.60%)
Nifty- 5800 PE(Jul)- -841,600(%-9.27)
Nifty- 5900 CE(Jul)- -544,600(-15.30%)
Nifty- 5900 PE(Jul)- 1,287,200(14.95%)
Nifty- 6000 CE(Jul)- -178,800(-2.92%)
Nifty- 6000 PE(Jul)- 502,850(8.06%)
Nifty- 6100 CE(Jul)- -62,750(-1.09%)
Nifty- 6100 PE(Jul)- 272,650(9.09%)
Closing
Sensex- closed at 20,149.85(21.44 Points & 0.11%)
Nifty- closed at 6,029.20(-8.85 Points & -0.15%)
CNX Midcap - closed at 7,408.10(-60.20 Points & -0.81%)
CNX Smallcap- closed at 2,908.45(-17.15 Points & -0.59%)
Nifty Spot-Levels & Trading Strategy for 22-07-2013
Nifty Spot-Levels
R3 6102
R2 6084
R1 6056
Avg 6038
S1 6010
S2 5992
S3 5964
Nifty Spot-Trading Strategy
H6 6075 Trgt 2
H5 6064 Trgt 1
H4 6054 Long breakout
H3 6041 Go Short
H2 6037
H1 6033
L1 6024
L2 6020
L3 6016 Long
L4 6003 Short Breakout
L5 5993 Trgt 1
L6 5982 Trgt 2
R3 6102
R2 6084
R1 6056
Avg 6038
S1 6010
S2 5992
S3 5964
Nifty Spot-Trading Strategy
H6 6075 Trgt 2
H5 6064 Trgt 1
H4 6054 Long breakout
H3 6041 Go Short
H2 6037
H1 6033
L1 6024
L2 6020
L3 6016 Long
L4 6003 Short Breakout
L5 5993 Trgt 1
L6 5982 Trgt 2
Nifty(Jul Fut)-Levels & Trading Strategy for 22-07-2013
Nifty(Jul Fut)-Levels
R3 6106
R2 6090
R1 6066
Avg 6050
S1 6026
S2 6010
S3 5986
Nifty(Jul Fut)-Trading Strategy
H6 6082 Trgt 2
H5 6073 Trgt 1
H4 6064 Long breakout
H3 6053 Go Short
H2 6049
H1 6045
L1 6038
L2 6034
L3 6031 Long
L4 6020 Short Breakout
L5 6010 Trgt 1
L6 6001 Trgt 2
R3 6106
R2 6090
R1 6066
Avg 6050
S1 6026
S2 6010
S3 5986
Nifty(Jul Fut)-Trading Strategy
H6 6082 Trgt 2
H5 6073 Trgt 1
H4 6064 Long breakout
H3 6053 Go Short
H2 6049
H1 6045
L1 6038
L2 6034
L3 6031 Long
L4 6020 Short Breakout
L5 6010 Trgt 1
L6 6001 Trgt 2
Bank Nifty(Jul Fut)-Levels & Trading Strategy for 22-07-2013
Bank Nifty(Jul Fut)-Levels
R3 11496
R2 11378
R1 11187
Avg 11069
S1 10878
S2 10760
S3 10569
Bank Nifty(Jul Fut)-Trading Strategy
H6 11307 Trgt 2
H5 11237 Trgt 1
H4 11166 Long breakout
H3 11081 Go Short
H2 11053
H1 11025
L1 10968
L2 10940
L3 10912 Long
L4 10827 Short Breakout
L5 10756 Trgt 1
L6 10686 Trgt 2
R3 11496
R2 11378
R1 11187
Avg 11069
S1 10878
S2 10760
S3 10569
Bank Nifty(Jul Fut)-Trading Strategy
H6 11307 Trgt 2
H5 11237 Trgt 1
H4 11166 Long breakout
H3 11081 Go Short
H2 11053
H1 11025
L1 10968
L2 10940
L3 10912 Long
L4 10827 Short Breakout
L5 10756 Trgt 1
L6 10686 Trgt 2
Nifty Spot-Weekly Levels & Trading Strategy(Jul 22 to Jul 26,2013)
Nifty Spot-Weekly Levels
R3 6248
R2 6157
R1 6093
Avg 6002
S1 5938
S2 5847
S3 5783
Nifty Spot-Weekly Trading Strategy
H6 6187 Trgt 2
H5 6150 Trgt 1
H4 6114 Long breakout
H3 6071 Go Short
H2 6057
H1 6043
L1 6014
L2 6000
L3 5986 Long
L4 5943 Short Breakout
L5 5907 Trgt 1
L6 5870 Trgt 2
R3 6248
R2 6157
R1 6093
Avg 6002
S1 5938
S2 5847
S3 5783
Nifty Spot-Weekly Trading Strategy
H6 6187 Trgt 2
H5 6150 Trgt 1
H4 6114 Long breakout
H3 6071 Go Short
H2 6057
H1 6043
L1 6014
L2 6000
L3 5986 Long
L4 5943 Short Breakout
L5 5907 Trgt 1
L6 5870 Trgt 2
Bank Nifty Spot-Weekly Levels & Trading Strategy(Jul 22 to Jul 26,2013)
Bank Nifty Spot-Weekly Levels
R3 12562
R2 12187
R1 11580
Avg 11205
S1 10598
S2 10223
S3 9616
Bank Nifty Spot-Weekly Trading Strategy
H6 11967 Trgt 2
H5 11740 Trgt 1
H4 11513 Long breakout
H3 11243 Go Short
H2 11153
H1 11063
L1 10882
L2 10792
L3 10702 Long
L4 10432 Short Breakout
L5 10205 Trgt 1
L6 9978 Trgt 2
R3 12562
R2 12187
R1 11580
Avg 11205
S1 10598
S2 10223
S3 9616
Bank Nifty Spot-Weekly Trading Strategy
H6 11967 Trgt 2
H5 11740 Trgt 1
H4 11513 Long breakout
H3 11243 Go Short
H2 11153
H1 11063
L1 10882
L2 10792
L3 10702 Long
L4 10432 Short Breakout
L5 10205 Trgt 1
L6 9978 Trgt 2
Mid-session Outlook-2(19-07-2013)
1st resistance range(6040-6061) was updated in Technical Analysis and Market Outlook(19-07-2013) and Nifty is hovering around this range since opening as well as traded within 6027-6062 today with lower levels supports and higher levels selling.
As higher levels selling seen within resistance range today therefore decisive down moves will be considered after valid breaking down of 6027,firstly it should be watched in the coming week. Next immediate moves confirmation will be sustaining beyond 6027-6062.
As higher levels selling seen within resistance range today therefore decisive down moves will be considered after valid breaking down of 6027,firstly it should be watched in the coming week. Next immediate moves confirmation will be sustaining beyond 6027-6062.
Mid-session Outlook(19-07-2013)
Nifty slipped below 6040 after Some selling but recovered also from lower levels and now again trading within mentioned 1st resistance range(6040-6061) after some lower levels supports. Both lower levels supports and higher levels selling seen within 6027-6060 today and no final conclusions from intraday patterns yet. It should be kept in mind that complete selling patterns are required for any decisive down moves from present trading levels.
Post-open Outlook(19-07-2013)
As some recovery in US Futures and Asian markets therefore sentiment improved and positive zone trading seen within 1st resistance range(6040-6061) after gap up opening. Although Nifty is trading with some gains but its Futures is trading flat and its premium reduced by 10 points. Although it is a negative indication but today intraday chart has not shown any selling pattern formation yet therefore firstly mentioned resistance break out should be watched for next immediate moves confirmations.
Technical Analysis and Market Outlook(19-07-2013)
Nifty-EOD Chart (18-Jul-2013):-
Technical Patterns and Formations in EOD charts
1- Wave-5 top formation at 6229.45 on 20-05-2013 and 5 waves correction continuation
2- Wave 1(5936.80 on 24-05-2013)
3- Wave 2(6133.75 on 30-05-2013)
4- Wave 3(5683.10 on 13-06-2013)
5- Wave 4(5863.40 on 13-06-2013)
6- 5566.25 on 24-06-2013 and corrective Wave-A completion.
7- Wave-a of Wave-B(5904.35 on 19-07-2013)
8- Wave-b of Wave-B(5760.40 on 03-07-2013)
9- Wave-c of Wave-B continuation with top formation at 6051.10 on 19-07-2013
As US Futures were weak yesterday therefore all Asian markets were weak and European markets also opened in Red but sudden jump seen in all European and Indian markets after sudden surge in US Futures yesterday. Although US markets closed with good gains yesterday but Dow's Futures is trading is 50 points down today morning and most Asian markets are trading in Red today morning as well as SGX Nifty also traded 29 points down today morning.
Wave-B 18 sessions with high volatility,gap down and gap up opening from FOMC news and most fluctuating cues from US markets/Futures as well as new top formation yesterday. Next resistances are as follows:-
1- 6040-6061
2- 6072-6130(Strong resistance range)
Although complete selling patterns are required on daily and intraday charts for the beginning of Wave-c after Wave-B completion but highly volatile last 18 sessions of Wave-B. Nifty traded between first resistance range yesterday and but 2nd resistance range is strong. As 76.4% retracement level is at 6072 therefore sustaining it beyond should be watched today and in the coming sessions for continuation/completion of Wave-c of Wave-B.
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1- Wave-5 top formation at 6229.45 on 20-05-2013 and 5 waves correction continuation
2- Wave 1(5936.80 on 24-05-2013)
3- Wave 2(6133.75 on 30-05-2013)
4- Wave 3(5683.10 on 13-06-2013)
5- Wave 4(5863.40 on 13-06-2013)
6- 5566.25 on 24-06-2013 and corrective Wave-A completion.
7- Wave-a of Wave-B(5904.35 on 19-07-2013)
8- Wave-b of Wave-B(5760.40 on 03-07-2013)
9- Wave-c of Wave-B continuation with top formation at 6051.10 on 19-07-2013
Conclusions from EOD chart analysis
As US Futures were weak yesterday therefore all Asian markets were weak and European markets also opened in Red but sudden jump seen in all European and Indian markets after sudden surge in US Futures yesterday. Although US markets closed with good gains yesterday but Dow's Futures is trading is 50 points down today morning and most Asian markets are trading in Red today morning as well as SGX Nifty also traded 29 points down today morning.
Wave-B 18 sessions with high volatility,gap down and gap up opening from FOMC news and most fluctuating cues from US markets/Futures as well as new top formation yesterday. Next resistances are as follows:-
1- 6040-6061
2- 6072-6130(Strong resistance range)
Although complete selling patterns are required on daily and intraday charts for the beginning of Wave-c after Wave-B completion but highly volatile last 18 sessions of Wave-B. Nifty traded between first resistance range yesterday and but 2nd resistance range is strong. As 76.4% retracement level is at 6072 therefore sustaining it beyond should be watched today and in the coming sessions for continuation/completion of Wave-c of Wave-B.
Technical Analysis and Market Outlook(18-07-2013)
Nifty-Intra Day Chart (17-Jul-2013):-
Technical Patterns and Formations in today intraday charts
1- Selling between 5973-5988
2- Support between 5926-5935
3- High volatility in last hours
3- Whole day actual trading between 5926-5988
Although Bullish news of 2nd round of FDI reforms but firstly 4 hours selling and after that fast slipping from higher levels. High volatility in last hours and lower levels supports also seen therefore if sentiment does not remain boiling tomorrow morning then Nifty will firstly trade within today trading range and prepare for next trend. As higher levels good selling and lower levels minor supports today therefore down moves possibility is high and it should be kept in mind that once forceful break down or sustaining below 5918 will mean sharp fall possibility after corrective Wave-C confirmation.
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1- Selling between 5973-5988
2- Support between 5926-5935
3- High volatility in last hours
3- Whole day actual trading between 5926-5988
Conclusions from intra day chart analysis
Although Bullish news of 2nd round of FDI reforms but firstly 4 hours selling and after that fast slipping from higher levels. High volatility in last hours and lower levels supports also seen therefore if sentiment does not remain boiling tomorrow morning then Nifty will firstly trade within today trading range and prepare for next trend. As higher levels good selling and lower levels minor supports today therefore down moves possibility is high and it should be kept in mind that once forceful break down or sustaining below 5918 will mean sharp fall possibility after corrective Wave-C confirmation.
As both lower levels supports and higher levels selling between 5926-5988 today therefore firstly valid break out of this range should be watched tomorrow.
Pre-Closing Outlook(17-07-2013)
Although strong news flow but we never posted any Bullish view because intraday charts of previous sessions were showing selling patterns formations. When Nifty was trading near higher levels of today then also we told following line in previous Outlook:-
now trading near higher levels of today but with selling patterns indication and view is cautiously bearish
Now Nifty is trading above next support range(5918-5930) and and it is last hope for Bulls.
now trading near higher levels of today but with selling patterns indication and view is cautiously bearish
Now Nifty is trading above next support range(5918-5930) and and it is last hope for Bulls.
Mid-session Outlook(17-07-2013)
Nifty traded between 5963-5989 after gap up opening and now trading near higher levels of today but with selling patterns indication and view is cautiously bearish,mentioned today trading range valid break out will be next trend strong indication.
Pre-open Outlook(17-07-2013)
Asian markets are mixed today morning after US and European markets negative opening yesterday and Govt announced 2nd round of FDI reforms yesterday therefore some intraday up moves and intraday volatility can not be ruled out today after positive opening today. View is cautious and not Bullish because selling signals seen in intraday charts of both previous sessions.
As big decision from Govt yesterday therefore its positive reaction will be seen on Indian markets today and good up moves will be seen in those sectors also which are broadly opened for foreign investments. Although view is still not Bullish and finally Wave-C correction is still expected but following levels valid break out will be firstly watched for next trend first indication/confirmations:-
1-5960-6020(Next trading range and Nifty will firstly prepare for trend within this range)
2-6023-6034(Break out will be strong rally confirmation)
3-5930-5955(Break down will be first indication of Wave-C correction and confirmation will be below 5918)
As big decision from Govt yesterday therefore its positive reaction will be seen on Indian markets today and good up moves will be seen in those sectors also which are broadly opened for foreign investments. Although view is still not Bullish and finally Wave-C correction is still expected but following levels valid break out will be firstly watched for next trend first indication/confirmations:-
1-5960-6020(Next trading range and Nifty will firstly prepare for trend within this range)
2-6023-6034(Break out will be strong rally confirmation)
3-5930-5955(Break down will be first indication of Wave-C correction and confirmation will be below 5918)
Let market prepare,take positions for next decisive moves and intraday charts start to form patterns accordingly then next trend will be updated in the same manner as being done for the last more than 3 years.
Technical Analysis and Market Outlook(17-07-2013)
Nifty-Intra Day Chart (16-Jul-2013):-
Technical Patterns and Formations in today intraday charts
1- Firstly selling patterns formations.
2- Whole day up moves in Bearish Rising Channel.
3- Most time trading between 5930-5955
3- Whole day actual trading between 5930-5966
Firstly gap down opening and then up moves after bottom formation at 11:30 AM as well as closing near the higher levels of the day today. Most time trading between 5930-5955 and up moves seen within this range in Bearish rising Channel therefore no up moves confirmation from intraday charts formations despite today closing near higher levels of the day. As some selling patterns formations in first hour and Whole day up moves in Bearish rising Channel also seen therefore finally down moves below today lowest can not be ruled out but confirmation is firstly required through valid breaking out of above mentioned most time trading range(5930-5955).
It should also be kept in mind that after valid breaking down of following levels will be corrective Wave-C confirmation and deeper correction as well:-
1- 5930
2- 5918
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1- Firstly selling patterns formations.
2- Whole day up moves in Bearish Rising Channel.
3- Most time trading between 5930-5955
3- Whole day actual trading between 5930-5966
Conclusions from intra day chart analysis
Firstly gap down opening and then up moves after bottom formation at 11:30 AM as well as closing near the higher levels of the day today. Most time trading between 5930-5955 and up moves seen within this range in Bearish rising Channel therefore no up moves confirmation from intraday charts formations despite today closing near higher levels of the day. As some selling patterns formations in first hour and Whole day up moves in Bearish rising Channel also seen therefore finally down moves below today lowest can not be ruled out but confirmation is firstly required through valid breaking out of above mentioned most time trading range(5930-5955).
It should also be kept in mind that after valid breaking down of following levels will be corrective Wave-C confirmation and deeper correction as well:-
1- 5930
2- 5918
As selling indication seen in today intraday charts therefore finally down moves below 5918 turned alive today.
Pre-Closing Outlook(16-07-2013)
Firstly most time trading between 5930-5955 and now trading above 5955 but as such no buying patterns seen today and recent up moves above 5955 may be for short covering of those who would have shorted under depressed sentiments immediately after gap down opening today.
Firstly sustaining beyond 5955 should be watched today for next moves first indication.
Firstly sustaining beyond 5955 should be watched today for next moves first indication.
Mid-session Outlook(16-07-2013)
Although recovery from lower levels after gap down opening but most time trading between 5930-5955 and firstly sustaining beyond this range should be watched for next immediate move confirmations. It should be kept in mind that after valid breaking down of following levels will be corrective Wave-C confirmation and deeper correction as well:-
1- 5930
2- 5918
1- 5930
2- 5918
Live Proofs of Put Options buying in last Minutes yesterday
SGX Nifty is 90 points down today but when European markets and US Futures were trading with good gains yesterday then intraday charts confirmed us selling indications in last minutes yesterday therefore we sent 5900 Put Option buying SMS to our paid clients. As call was prepared in hurry therefore there were some typing mistakes but it was our confidence that market will certainly move down today therefore we sent 2 Put Option buying SMS in last 5 minutes and bought Put options near the lowest rates of the day.
We always send same SMS through 2 websites and SMS pictures from both sites are as follows If unable to read SMS then just save SMS picture on yours computer and read SMS through enlarging of Picture.:-
1st Website:-
2nd Website-
Live Proofs of Put options buying near the lowest rates of the day
We always send same SMS through 2 websites and SMS pictures from both sites are as follows If unable to read SMS then just save SMS picture on yours computer and read SMS through enlarging of Picture.:-
1st Website:-
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Just click on above picture for enlarged view of SMS sent to paid clients
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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.
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.
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Technical Analysis and Market Outlook(16-07-2013)
Nifty-Intra Day Chart (15-Jul-2013):-
Technical Patterns and Formations in today intraday charts
1- Support between 5980-6000
2- Up moves in Bearish Rising Channel.
3- Last 3 hours trading between 6023-6034 with mixed trading patterns formations
3- Whole day actual trading between 5980-6038
Next resistances are as follows:-
1- 6040-6061
2- 6072-6130(Strong resistance range)
Up moves in Bearish Rising Channel after lower levels supports and last 3 hours trading between 6023-6034 with mixed trading patterns formations. It means that selling also seen in last 3 hours after Bearish Rising Channel formations therefore emergence of 1st selling indication today. As selling indication just below next resistance range(6040-6061) therefore if follow up selling develops in the coming session then very short term down moves will be considered.
Corrective Wave-C beginning possibility turned alive today but lot of selling patterns are required in intraday and Daily charts for decisive down trend and should be firstly watched in the coming sessions. Following ranges valid break out should be also be watched tomorrow for next moves first strong indication:-
1- 6023-6038
2- 5980-6038
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1- Support between 5980-6000
2- Up moves in Bearish Rising Channel.
3- Last 3 hours trading between 6023-6034 with mixed trading patterns formations
3- Whole day actual trading between 5980-6038
Conclusions from intra day chart analysis
Next resistances are as follows:-
1- 6040-6061
2- 6072-6130(Strong resistance range)
Up moves in Bearish Rising Channel after lower levels supports and last 3 hours trading between 6023-6034 with mixed trading patterns formations. It means that selling also seen in last 3 hours after Bearish Rising Channel formations therefore emergence of 1st selling indication today. As selling indication just below next resistance range(6040-6061) therefore if follow up selling develops in the coming session then very short term down moves will be considered.
Corrective Wave-C beginning possibility turned alive today but lot of selling patterns are required in intraday and Daily charts for decisive down trend and should be firstly watched in the coming sessions. Following ranges valid break out should be also be watched tomorrow for next moves first strong indication:-
1- 6023-6038
2- 5980-6038
Mid-session Outlook-2(15-07-2013)
Indian markets out performed,recovered from lower levels after some supports and last almost 2 hours trading between 6023-6034 with mixed trading patterns formations but lot of selling is required for decisive down moves. Now follow up moves within and near about 6023-6034 should be firstly watched,let selling confirmation come then corrective Wave-C beginning will be considered.
Mid-session Outlook(15-07-2013)
Although weak IIP data last Friday and .70% weak rupee today but Indian markets are not as much weak and out performing as well as trading sideways and with minor losses after weak opening. It is confirm that until complete selling patterns will not develop on daily and intraday charts till then decisive down moves will not start.
Technical Analysis,Research & Weekly Outlook(Jul 15 to Jul 19,2013)
Nifty-EOD Chart (12-Jul-2013):-
Technical Patterns and Formations in EOD charts
1- 4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion)
2- Wave-1(5629.95 on 22-02-2012)
3- Wave-2(4770.35 on 04-06-2012)
4- Wave-3(6111.80 on 29-01-2013)
5- Wave-4(5477.20 on 10-04-2012)
6- Wave-5(6229.45 on 20-05-2013) and 'ABC' correction continuation.
7- Wave'A' completion at 5566.25 on 24-06-2013
7- Wave'B' continuation with top formation at 6019.00 on 12-07-2013
Technical Patterns and Formations in EOD charts
1- Wave-5 top formation at 6229.45 on 20-05-2013 and 5 waves correction continuation
2- Wave 1(5936.80 on 24-05-2012)
3- Wave 2(6133.75 on 30-05-2012)
4- Wave 3(5683.10 on 13-06-2013)
5- Wave 4(5863.40 on 13-06-2013)
6- 5566.25 on 24-06-2013 and corrective Wave-A completion.
7- Wave-a of Wave-B(5904.35 on 01-07-2013)
8- Wave-b of Wave-B(5760.40 on 03-07-2013)
9- Wave-c of Wave-B continuation with top formation at 6019.00 on 12-07-2013
Nifty-EOD Chart (12-Jul-2013):-
Technical Patterns and Formations in EOD charts
1- Wave-5 top formation at 6229.45 on 20-05-2013 and corrective Wave-A continuation
2- 5566.25 on 24-06-2013 and corrective Wave-A completion after 5 Waves completion
3- Wave-a of Wave-B(5904.35 on 01-07-2013)
4- Wave-b of Wave-B(5760.40 on 03-07-2013)
5-61.8% Fibonacci Retracement completion 5975
6-76.4% Fibonacci Retracement at 6072
7- Wave-c of Wave-B continuation with top formation at 6019.00 on 12-07-2013
As 'ABC' correction begun after 5 waves of Bullish market completion at 6229.45 on 20-05-2013 therefore the correction of whole up moves started which started 4531.15 on 20-12-2011. Corrective Wave-A completed at 5566.25 on 24-06-2013 and Wave-B begun. All trends are up and technically 'ABC' correction is on,now impulsive Wave-c of Wave-B continuation and its recent top formation at 6019.00 on 12-07-2013. 61.8% Retracement(5975) has been completed and crucial 76.4% retracement levels is at 6072,expected that Nifty will firstly trade and prepare for next trend between both crucial retracement levels(5975-6072).
Wave-c of Wave-B is on and after its completion corrective Wave-C down moves possibility towards Wave-A(5566.25) and below it should be kept in mind but firstly complete Distribution patterns are required on Daily and intraday charts for corrective Wave-C down moves beginning. As no selling patterns formation seen yet therefore firstly trading patterns between mentioned crucial retracement levels(5975-6072) should be watched in the coming sessions. As intraday charts formations in previous week were news based(FOMC Minutes and INFY Results) therefore final conclusions can not be drawn and follow up technical patterns formations will be firstly watched in the beginning of coming week for next trend first signal and/or confirmations. It should be kept in mind that follow up selling patterns formations on intraday and daily charts will mean high possibility of corrective Wave-C beginning and should be firstly watched in the beginning of next week.
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1- 4531.15 on 20-12-2011(Rally beginning after 13 Months correction completion)
2- Wave-1(5629.95 on 22-02-2012)
3- Wave-2(4770.35 on 04-06-2012)
4- Wave-3(6111.80 on 29-01-2013)
5- Wave-4(5477.20 on 10-04-2012)
6- Wave-5(6229.45 on 20-05-2013) and 'ABC' correction continuation.
7- Wave'A' completion at 5566.25 on 24-06-2013
7- Wave'B' continuation with top formation at 6019.00 on 12-07-2013
Waves structure of ongoing correction
Nifty-EOD Chart (12-Jul-2013):- |
| Just click on chart for its enlarged view |
1- Wave-5 top formation at 6229.45 on 20-05-2013 and 5 waves correction continuation
2- Wave 1(5936.80 on 24-05-2012)
3- Wave 2(6133.75 on 30-05-2012)
4- Wave 3(5683.10 on 13-06-2013)
5- Wave 4(5863.40 on 13-06-2013)
6- 5566.25 on 24-06-2013 and corrective Wave-A completion.
7- Wave-a of Wave-B(5904.35 on 01-07-2013)
8- Wave-b of Wave-B(5760.40 on 03-07-2013)
9- Wave-c of Wave-B continuation with top formation at 6019.00 on 12-07-2013
Crucial Retracement Levels
Nifty-EOD Chart (12-Jul-2013):-
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1- Wave-5 top formation at 6229.45 on 20-05-2013 and corrective Wave-A continuation
2- 5566.25 on 24-06-2013 and corrective Wave-A completion after 5 Waves completion
3- Wave-a of Wave-B(5904.35 on 01-07-2013)
4- Wave-b of Wave-B(5760.40 on 03-07-2013)
5-61.8% Fibonacci Retracement completion 5975
6-76.4% Fibonacci Retracement at 6072
7- Wave-c of Wave-B continuation with top formation at 6019.00 on 12-07-2013
Conclusions (After Putting All Indicators Together)
As 'ABC' correction begun after 5 waves of Bullish market completion at 6229.45 on 20-05-2013 therefore the correction of whole up moves started which started 4531.15 on 20-12-2011. Corrective Wave-A completed at 5566.25 on 24-06-2013 and Wave-B begun. All trends are up and technically 'ABC' correction is on,now impulsive Wave-c of Wave-B continuation and its recent top formation at 6019.00 on 12-07-2013. 61.8% Retracement(5975) has been completed and crucial 76.4% retracement levels is at 6072,expected that Nifty will firstly trade and prepare for next trend between both crucial retracement levels(5975-6072).
Wave-c of Wave-B is on and after its completion corrective Wave-C down moves possibility towards Wave-A(5566.25) and below it should be kept in mind but firstly complete Distribution patterns are required on Daily and intraday charts for corrective Wave-C down moves beginning. As no selling patterns formation seen yet therefore firstly trading patterns between mentioned crucial retracement levels(5975-6072) should be watched in the coming sessions. As intraday charts formations in previous week were news based(FOMC Minutes and INFY Results) therefore final conclusions can not be drawn and follow up technical patterns formations will be firstly watched in the beginning of coming week for next trend first signal and/or confirmations. It should be kept in mind that follow up selling patterns formations on intraday and daily charts will mean high possibility of corrective Wave-C beginning and should be firstly watched in the beginning of next week.
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