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Following conclusive lines were told yesterday in Technical Analysis and Market Outlook(30-08-2013):-

1- next strong resistance is between 5490-5528 and until Nifty will not sustain above 5528 till then any big up move will not be considered.
2- today started up moves continuation will be firstly seen tomorrow
3- high possibility of rally completion near about mentioned resistance range(5490-5528) in the coming 2/3 sessions.

Following conclusive lines were told today in Pre-open Outlook(30-08-2013):-

1- sustaining above 5400 will mean rally continuation toward next strong resistance range(5490-5528).
2- high possibility of rally completion in the coming 2/3 sessions and maximum up moves of on going rally are expected upto 5528 

As was told 100% same happened and firstly up moves seen but could not touch mentioned strong resistance range(5490-5528) as well as sharp down moves seen from 5469.10 

Pre-open Outlook(30-08-2013)

US markets closed flat after loosing intraday gains yesterday therefore resultant Asian markets are mixed and trading with small gains/loss. Sentiment quiet today morning therefore flat opening and firstly trading is expected between 5355-5428. Mixed trading patterns were seen between 5355-5400 yesterday and follow up moves within or near about this range will decide next Short Term Trend. It should be kept in mind that Pull Back Rally is on,Short Term Trend is up and sustaining above 5400 will mean rally continuation toward next strong resistance range(5490-5528). Intermediate Term Trend will be up after sustaining above 5528 but high possibility of rally completion in the coming 2/3 sessions and maximum up moves of on going rally are expected upto 5528 as well as sustaining below 5355 will mean Pull Back Rally completion. Next Trend confirmation ranges are as follows:-

1- Short Term Trend confirmation range-5355-5428 
2- Intermediate Term Trend confirmation range-5490-5528 

Technical Analysis and Market Outlook(30-08-2013)

Nifty-Intra Day Chart (29-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Lower levels supports.
2- Higher levels mixed intraday patterns
3- Whole day actual trading between 5303-5428

Conclusions from intra day chart analysis 

As strong opening of Indian Rupee and some up moves in global markets therefore sentiment improved and firstly lower levels supports after gap up opening and whole day continuous up moves as well as Nifty sustains above immediate resistance(5355). Pull Back Rally continuation,next strong resistance is between 5490-5528 and until Nifty will not sustain above 5528 till then any big up move will not be considered.

Indian markets got good supports at lower levels supports yesterday and until equally good selling will not develop till then on going rally will not terminate. Expected that today started up moves continuation will be firstly seen tomorrow and also high possibility of rally completion near about mentioned resistance range(5490-5528) in the coming 2/3 sessions.

Sustaining beyond 5490-5528 should be watched in the coming sessions for next Intermediate Term Trend confirmations. 

Mid-session Outlook-2(29-08-2013)

Following lines were told at 11:13 AM in previous Outlook:-

1- Green Indian markets since opening with lower levels supports and without selling signal
2- Nifty will firstly prepare for next decisive moves between 5295-5355 therefore follow up moves in the coming hours and valid break out of mentioned range should be watched for confirmation.

As lower levels supports and no selling therefore yesterday started up moves continuation above 5355 but sustaining above 5355 should also be watched for minimum a Pull Back Rally confirmations.

Mid-session Outlook(29-08-2013)

As strong opening of Indian Rupee and some up moves in global markets therefore sentiment improved and Green Indian markets since opening with lower levels supports and without selling signal. Expected that Nifty will firstly prepare for next decisive moves between 5295-5355 therefore follow up moves in the coming hours and valid break out of mentioned range should be watched for confirmation.

Technical Analysis and Market Outlook(29-08-2013)

Nifty-Intra Day Chart (Aug 27 & Aug 28,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 5320-5355 on 27-08-2013
2- Support between 5118-5200 on 28-08-2013
3- 2 Sessions actual trading between 5118-5427 

Conclusions from 2 Sessions intra day chart analysis 

Negative news(weak Indian Rupee,weaker Global markets,sharp rise in Crude prices and Syria crisis) based sharp down moves and high volatility in last 2 sessions as well as strong recovery from lower levels today but it should be kept in mind that Indian markets are the stiff grip of Bears and high volatility is Bear market nature which was seen in last 2 sessions. 

199 Points strong recovery from lower levels after supports between 5118-5200 but some selling was seen between 5320-5355 yesterday therefore mixed trading patterns also in last 2 sessions and more preparation is required for any side decisive moves. Expected that finally down moves will be seen below today lowest(5118) but firstly Nifty will firstly remain range bound between 5118-5355 and will prepare for next decisive moves within this range. Sustaining beyond 5118-5355 should be firstly watched in the coming sessions for next Short Term or decisive moves confirmations.

Mid-session Outlook(28-08-2013)

Following line was told today at 08:23 AM in Firm Grip of Bears on Indian Markets

testing of above mentioned 2nd  support range(5075-5140) can not be ruled out in the coming sessions.

Only testing of 2nd support range was told and Nifty recovered sharply after intraday low formation between mentioned range at 5118.85. As volatility remains high in Bear markets therefore being seen today and coming sessions will remain range bound between 5118-5355 as well as market will firstly prepare for next  Short Term Trend within this range.

Which Website predicted so clearly Bearish Markets in whole India except 
enjoydailyprofits.blogspot.in

Firm Grip of Bears on Indian Markets

Nifty-EOD Chart (27-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 5274.25 on 27-08-2013

Conclusions from EOD chart analysis 

Indian markets are in deep Bear phase today but When Long Term Trend was up and previous closing of Nifty was at 5886.20 on 26-07-2013 then following line was told on 29-07-2013 in Last hope for Bulls at 5792:-

As 'ABC' correction begun after 5 waves of Bullish market completion at 6229.45 on 20-05-2013 therefore correction of whole up moves will be seen which started from 4531.15 on 20-12-2011

As was told same happened and 50% retracement of rally between 4531.15-6229.45 has been completed,Retracement levels of mentioned range are being repeated which were updated on 31-07-2013 in Technical Analysis and Market Outlook(31-07-2013):-

13.0%-6008
23.6%-5828
27.0%-5770
38.2%-5580
50.0%-5380
61.8%-5179
70.7%-5028
76.4%-4931
78.6%-4894
88.6%-4724 

Above lines were reminded many times in previous Outlooks and  following lines with supports levels upto 4779 were updated on 19-08-2013 in Huge Bearish Pattern formation in last 11 months because deeper correction was expected:-

As we don't want to create panic through updating next expected levels after sustaining below 5447 therefore only giving next following support levels upto 4779:-

1- 5210-5270
2- 5075-5140
3- 4779-4880

Whatsoever crashing like deeper down moves were seen yesterday those were already updated well in advance in all the Outlooks of previous sessions. Support was seen near and between  above mentioned 1st support range(5210-5270) in last 5 sessions and firstly sustaining it beyond should be watched today for bounce back after yesterday sharp down or immediate more down moves below 5210. 

As Indian Markets are in the firm Grip of Bears and now Bearish market is very much on as well as its continuation is very much expected in the coming sessions,months and may be years also therefore following lines are being repeated which were told on 19-08-2013 in Huge Bearish Pattern formation in last 11 months:-

It is confirm that Indian markets are in Bear phase and Economic Outlook is also gloomy in the next months as well as political uncertainty can not be ruled out after next General Elections therefore Indian markets will remain in the grip of Bears. Pull Back and Relief rallies will be seen after regular intervals after intraday or 1/2 day consolidations but until complete consolidation will not complete on Intraday,EOD and Weekly charts till then Long Term Trend will not reverse.

Pre-open Outlook(28-08-2013)

Sentiment is most depressed after after yesterday sharp fall and deep Red all Global markets therefore gap down opening will be seen in Indian markets and testing of above mentioned 2nd  support range(5075-5140) can not be ruled out in the coming sessions.

Which Website predicted so clearly Bearish Markets in whole India except 

enjoydailyprofits.blogspot.in

Technical Analysis and Market Outlook(27-08-2013)

Nifty-Intra Day Chart (Aug 23 & Aug 26,2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 2 Sessions intraday charts

1- Whole day up moves in Bearish Rising channel on 23-08-2013.
2- Selling between 5490-5528 on 26-08-2013
3- 2 Sessions actual trading between 5378-5528 

Conclusions from 2 Sessions intra day chart analysis 

As most Asian markets were trading with good gains today morning therefore firstly gap up opening and most of the time positive zone trading but higher levels selling today after Bearish Rising channel formation on 23-08-2013 therefore finally down moves are expected in the coming sessions after completion of 3 sessions Pull Back Rally.  

As busy today therefore next Outlook will be updated tomorrow