Pre-Closing Outlook(08-08-2013)

Pull Back Rally/Short Term up moves were told in all previous outlooks and it was seen today but following line was also told and should be kept in mind:-

valid break out of today trading range(5486-5561) should also be watched for next Short Term Trend trend confirmations

Mid-session Outlook(08-08-2013)

When all around negative news flow then following lines were told yesterday in Mid-session Outlook-2:-

As market ignored all most depressing news and recovered from lower levels after getting supports therefore until complete selling patterns will not develop till then next down moves will not be considered.

When US markets were in deep Red then following lines were told yesterday in Technical Analysis and Market Outlook:-

Certainly Indian markets out performed and intraday patterns are showing above mentioned 1 to 3 positive formations therefore Pull Back Rally/Short Term up moves hopes turned alive today and we are seeing its high possibility also.

High possibility of Pull Back Rally/Short Term up moves was told and Nifty is more than 0.75% up today as well as up moves continuation is expected and once sustaining above 5561 will mean strong up moves.

Technical Analysis and Market Outlook(08-08-2013)

Nifty-Intra Day Chart (07-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Lower levels supports and consolidation patterns formations
2- Higher tops(T1 to T4) and higher Bottoms(B1 to B4) formations.
3- Last half hour down moves in Bullish Falling Channel.
4- Selling at higher levels
5- Whole day actual trading between 5486-5561

Conclusions from intra day chart analysis 

Although closing near the lower levels of the day with higher levels some selling also but lower levels supports,higher tops and higher Bottoms formations and Last half hour down moves in Bullish Falling Channel were also seen therefore view will not be Bearish for Short Term Trend. Benchmark Indices closed 0.42% down but got supports at lower levels also despite all around following negative news flow:-

1- Indian Rupee weakness since opening today.
2- Indo Pak Border tension escalation.
3- Dow's Futures was more than 50 points down almost whole day.
4- Most Asian markets closed more than 1% down 

Certainly Indian markets out performed and intraday patterns are showing above mentioned 1 to 3 positive formations therefore Pull Back Rally/Short Term up moves hopes turned alive today and we are seeing its high possibility also. 

As market slipped in last hour and it may be a signal of loosing strength and weakness also therefore precaution is required and  valid break out of today trading range(5486-5561) should also be watched for next Short Term Trend trend confirmations

Mid-session Outlook-2(07-08-2013)

Oscillators are oversold therefore Pull Back Rally is being seen after lower levels supports and consolidation patterns formations despite all around following negative news flow:-

1- Indian Rupee weakness since opening today.
2- Indo Pak Border tension.
3- Global markets weakness

As market ignored all most depressing news and recovered from lower levels after getting supports therefore until complete selling patterns will not develop till then next down moves will not be considered. Last more than 1 hour up moves are not showing strength therefore it is indication of weakness and today trading range(5488-5541) valid break out will be next trend confirmations

Mid-session Outlook(07-08-2013)

As US markets closed weak yesterday and Dow's Futures was also more than 40 points down today morning therefore sentiment was depressed and all the Asian markets are weak,resultant Indian markets slipped immediately after opening. 

Global markets are sharp down and Indian Rupee is also weakening but Oscillators are oversold therefore some bounce seen from lower levels but until Nifty will not consolidate completely till then any decisive up move will not be seen and only Pull Back rally will be considered.

Detailed analysis of EOD charts have already been updated in previous topics.

Live Proofs of Profits and the Best Services of Indian Stock Markets to Our Paid Clients

Corrective Wave-c continuation and more down moves/sharp fall possibility was told in all the Outlooks yesterday as well as we sent NIFTY-Aug PE(5500)-buying call to our paid clients. Calls,complete guidance and Profit booking messages are as follows:- 

1- At 09:16 AM-NIFTY-Aug Put Option(5500)-Buy-Positional-SL-34-TGT-84-CMP-54(Lalit39)
2- At 02:11 PM-NIFTY-Aug PE(5500)-Bought on 06-08-2013-Market is sharp down,just hold and cover only after my covering message either today or within next 1/2days(Lalit39)
3- At 02:40 PM-NIFTY-Aug PE(5500)-Bought on 06-08-2013-Target achieved,Cover and book profit immediately-CMP-89(Lalit39)

Live Proofs of above Puts Buying at Lower levels and Selling near Higher Levels

1st Website Picture:-

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

2nd Website Picture:-

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

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.

Technical Analysis and Market Outlook(07-08-2013)

Nifty-EOD Chart (06-Aug-2013):-

Just click on chart for its enlarged view

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(5566.25 on 24-06-2013)
8- Wave-B(6093.35 on 23-07-2013)
9- Wave-C continuation with bottom formation at 5521.80 on 06-08-2013

Conclusions from EOD chart analysis

Rally begun after 13 Months correction completion on 20-12-2011 from 4531.15 and this rally terminated after 5 waves structure completion at 6229.45 on 20-05-2013 as well as 'ABC' correction commenced. As correction started after 5 waves completion and Long Term Trend turning down confirmations also through sustaining below 200-Day EMA(today at 5786) therefore entering into Bearish phase and correction of whole rally between 4531.15-6229.45 is being seen and following retracement should be kept in mind:-

13.0%-6008(Retraced)
23.6%-5828(Retraced)
27.0%-5770(Retraced)
38.2%-5580(Crucial Level Retracment completed)
50.0%-5380(Crucial Level)
61.8%-5179(Crucial Level)
70.7%-5028
76.4%-4931
78.6%-4894
88.6%-4724

Next Supports are as follows:-

1- 5490-5520
2- 5220-5260
3- 5080-5180

Corrective Wave-c continuation,no indication of its completion yet and until complete consolidation will not happen on Daily and intraday charts till then any reversal will not be seen but some up moves/Bounce back/Pull Back Rallies can not be ruled out after some intraday consolidations because Oscillators have move into Oversold zone.

Pre-Closing Outlook(06-08-2013)

When Indian markets recovered from lower levels and Nifty was trading above 5600 then following line was told at 01:09 PM today in Mid-session Outlook:-

Corrective Wave-c continuation and more down moves are still expected.

As we told same happened and Nifty moved down more than 80 points after our more down moves projection. Indian markets are in Bear phase and until complete consolidation will not happen on Daily and intraday charts till then any reversal will not be seen but some up moves/Bounce back/Pull Back Rallies can not be ruled out after some intraday consolidations.

Mid-session Outlook(06-08-2013)

Following line was told on 04-08-2013 in Technical Analysis,Research & Weekly Outlook
(Aug 05 to Aug 08,2013) 

Firstly some up moves in the beginning of next week and finally down moves are expected because Wave-c continuation.

As was told same happened and finally sharp down moves are being seen today after some up moves in first 2 hours yesterday.

Corrective Wave-c continuation and more down moves are still expected.

Technical Analysis and Market Outlook(06-08-2013)

Nifty-Intra Day Chart (05-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5665-5675
2- Selling between 5709-5721
3- Last more than 3 hour trading with mixed patterns trading between 5675-5698
4- Whole day actual trading between 5665-5721

Conclusions from intra day chart analysis 

Higher levels selling patterns,lower and levels supports and last more than 3 hours trading with mixed patterns therefore no clear pattern formations on 05-08-2013. Higher levels selling and lower levels supports in last 2 sessions therefore sustaining beyond 5649-5721 will be be watched today for next moves confirmations. 

Pre-open Outlook(06-08-2013)

All the Asian markets are in Red and some are more than 1% down therefore sentiment is depressed today morning and gap down opening will be seen. Confirmation of sustaining below 5649 will mean sharp fall because corrective Wave-c continuation.

Pre-Closing Outlook(05-08-2013)

Whole day sideways trading with selling patterns formations at higher levels but lower levels supports last Friday also therefore sustaining beyond 5649-5721 will be be watched tomorrow for next moves confirmations.

Mid-session Outlook(05-08-2013)

4 Sessions trading between 5649-5808 with NSEL news led high volatility,following supports and resistances:- 

1- Supports between 5649-5680
2- Resistances between 5730-5768
3- Resistances between 5782-5808

As Bullish Falling Channel last Friday therefore some up moves were expected and being seen today but follow up consolidation is required for crossing next resistances and next decisive up moves above 5808. It should also be kept in mind that selling in the coming hours will mean deeper correction after sustaining below 5649.

Technical Analysis,Research & Weekly Outlook

(Aug 05 to Aug 08,2013)

Nifty-EOD Chart (02-Aug-2013):-

Just click on chart for its enlarged view

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(5566.25 on 24-06-2013)
8- Wave-B(6093.35 on 23-07-2013)
9- Wave-c continuation with bottom formation at 5649.00 on 02-08-2013
10 Nifty slipped below Long Term Trend decider 200-Day EMA(today at 5790)

Conclusions from EOD chart analysis 

Intermediate and Short Term Trends are down and and almost confirmation of Long Term Trend turning down after after last 4 sessions closing below Long Term Trend decider 200-Day EMA(today at 5790),once confirmation will mean entering into Bear phase. 

Nifty-Intra Day Chart (02-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day down moves within Bullish Falling Channel.
2- Whole day actual trading between 5649-5745

Conclusions from intra day chart analysis 

As whole day down moves within Bullish Falling Channel therefore indications of up moves despite 0.87% negative closing last Friday.

Conclusions (After Putting All Indicators Together)

Wave-c continuation and Indian markets are on the verge entering into Bear phase through confirmation of sustaining below  Long Term Trend decider 200-Day EMA(today at 5790). As last 8 sessions continuous down moves therefore Short Term indicators have move into oversold zone and signalling some up moves/ bounce Back/Pull Back Rally as well as its possibility is alive because Bullish Falling Channel last Friday. 

Firstly some up moves in the beginning of next week and finally down moves are expected because Wave-c continuation.