Technical Analysis and Market Outlook(06-09-2013)

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

                                                       Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Bullish Falling Channel formations
2- Whole day actual trading between 5554-5611

Conclusions from intra day chart analysis 

Whole day trading at more than 2% upward levels with Bullish Falling Channel formations therefore technically signal of up moves continuation. As such higher levels trading were on the back of most Bullish and  much awaited Pension Bill passing news therefore next trend confirmations is also required through sustaining beyond 5554-5611 because Nifty traded whole day within this range today amid Bullish sentiments.

Post-open Outlook(05-09-2013)

As much awaited Pension Bill passed in Lok Sabha yesterday therefore huge gap up opening and slipping below next trend decider 5605 after high formation at 5625.75. Most fluctuating news led highly volatile all Global financial markets nowadays and sustaining beyond 5605 should be firstly watched now for Intermediate Term Trend turning up confirmations.

Next Trend decider at 5605 after passing of Pension Bill in Lok Sabha

Nifty-Intra Day Chart (04-Sep-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 5376-5420 
3- Whole day actual trading between 5376-5460

Conclusions from intra day chart analysis 

Good consolidation at lower levels of the day and closing near the highs of the day after strong opening yesterday therefore positive market is expected today. It should be kept in mind that all the financial markets are highly volatile nowadays due to uncertainty on Syria issue. Its few examples are as follows:-


1- Gold increased Rs 1800/- on 2nd and 3rd Sep but down Rs 1803/- yesterday.
2- Gold increased almost Rs 4000/- on 2nd and 3rd Sep but down Rs 4120/- yesterday.
3- Crude increased Rs 490/- on 2nd and 3rd Sep but down Rs 366/- yesterday.
4- Copper increased Rs 25/- on 2nd and 3rd Sep but down Rs25.95/- yesterday.
5- Nickel increased Rs 30/- on 2nd and 3rd Sep but down Rs36.20 yesterday.
6- Aluminium increased Rs 4.95 on 2nd and 3rd Sep but down Rs6.25 yesterday.
7- USDINR increased Rs 2.05 on 2nd and 3rd Sep but down Rs .60 yesterday after slipping Rs 1.50 from intraday higher levels.

As Global and local news led high volatility therefore cautious view is required. 

Most Asian markets are trading with good gains after positive closing in US markets yesterday therefore sentiment boosted today morning and gap up opening will be seen in Indian markets. As Land Acquisition Bill passed in Rajya sabha and Lok Sabha clears pension bill(foreign investors can hold 26% stake) yesterday therefore sentiment is most strong in Indian markets and expected that good gains will be seen in Indian markets. Next Resistances are as follows:-

1- 5490-5528
2- 5530-5605

As most Bullish sentiment because Congress and BJP joined hands to pass much awaited Pension Bill in Lok Sabha therefore now sustaining beyond 5605 should be watched in the coming sessions for next big trend confirmations.

More specific micro levels,predictions at yours Email ID & Some trading calls(SMS) of Nifty Fut & Options

Market Outlooks with more specific micro levels,predictions and most useful Analytical points(conclusive study material) for Technical and Intraday Charts Analysis Students at yours Email as well as some trading calls of Nifty Fut & Options with covering messages(2 SMS for each call) at yours mobile at Rs 5000/- per month. Just subscribe and send following details to lalitdhingra@yahoo.com :-

1- Name:
2- Email ID:
3- Mob No:

For Bank details just click following link:-

http://enjoydailyprofits.blogspot.in/2010/05/page-no-12.html

2 SMS will be sent on yours Mobile after sending of all Outlooks on yours Email & 2 SMS will be sent on yours Mobile for each Trading Call and Covering Message

Live Proofs 100% Accurate predictions of Indian Markets

Although Indian Rupee is more than 1.25% weak but SENSEX is 160 and Nifty is 49 points UP as well as proved 100% Accurate predictions our following prediction which was updated yesterday in Technical Analysis and Market Outlook(04-09-2013):-

intraday bounce from intraday lower levels is possible tomorrow

Not only yesterday but  'Archive' with 'more than 6500 posts' at the bottom of Blog' is live proof of "many hundreds" such accurate and miraculous predictions in last 4 years. Anyone can verify this facts anytime from the Blog 'Archive'.

Live Proofs 100% Accurate predictions of Asian Markets From Intraday Charts

Following lines were told yesterday in Technical Analysis and Market Outlook(04-09-2013):-

1- Asian markets intraday charts are showing selling patterns formations today
2- expected that most Asian markets will be weak tomorrow morning

As was told 100% same happened and all the Asian markets are trading in Red after Gap down opening:- 

1- Japan 225- 104 Points down
2- Hang Sen 40(Hongkong)- 207 Points down 
3- KOSPI(Koria) 5.2 Points down
4- TWII(Taiwan)- 21 Points down 
5- STI(Singapur)- 28 Points down

We guarantee that such exact analysis and accurate predictions of Nifty will not be available in any other  website and Business news channel in whole India

Technical Analysis and Market Outlook(04-09-2013)

Nifty-Intra Day Chart (03-Sep-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5484-5520 
2- Minor supports between 5398-5410.
3- Last hour fall after the news of US Missile attack on Syria
3- Whole day actual trading between 5323-5560 

Conclusions from intra day chart analysis 

All previous Outlooks are live proofs of this fact that we updated only Bearish views and resultant huge fall seen in Indian markets today despite strong up moves in Asian markets. Continuous higher levels selling and minor support was seen but sharp fall in last hour after the news of US Missile attack on Syria which proved false after market hours.

Although most Asian markets closed in Green and some closed with good gains today but Asian markets intraday charts are showing selling patterns formations today therefore expected that most Asian markets will be weak tomorrow morning and sentiment may be depressed tomorrow morning therefore weak opening can not be ruled out in Indian markets. As hourly indicators are oversold and Missile attack news led weaker hands selling can not be ruled out in last hour therefore intraday bounce from intraday lower levels is possible tomorrow but expected that Nifty will not be able to sustain above next resistance range(5484-5520) 

Mid-session Outlook-2 (03-09-2013)

Whole day down moves but minor supports at lower levels between 5398-5410 therefore some up moves can not be ruled out but expected that will not be able to sustain above next resistance range(5484-5510).

Mid-session Outlook(03-09-2013)

Following conclusive lines were told yesterday in Technical Analysis and Market Outlook(03-09-2013):-

1- expected that fresh down moves will begin after follow up selling in the coming 1/2 sessions.  
2- sustaining below 5490 will mean fresh down moves after completion of ongoing rally 

Fresh down moves seen immediately after opening and Nifty slipped 97 points from higher levels as well as traded more than 1% down within first 50 minutes despite most Asian were in Green and some were more than 1% up. Nifty is trading between 5483-5510 for the last 1 hour and sustaining below 5490 should be firstly watched now because that will be strong indication of Pull Back Rally completion.

Technical Analysis and Market Outlook(03-09-2013)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Support between 5500-5530
2- Mixed patterns between 5527-5564
3- Whole day actual trading between 5490-5564

Conclusions from intra day chart analysis 

Sentiment sparked today morning after delaying of US Attack on Syria news and Dow's Futures trading more than 80 points up therefore most Asian markets traded and closed strong as well as gap up opening in European markets resultant whole day positive zone trading and closing with good gains in Indian markets today.

Firstly lower levels support between 5500-5530 but last 3 hours trading with mixed patterns between 5527-5564 therefore firstly follow up moves and after that valid break out of this range should be watched tomorrow for next immediate moves confirmations. Next resistance range was between 5530-5605 and Nifty traded between this range today but more strong resistances are within this range are between 5580-5605 therefore complete consolidation is required for decisive strong up moves after Intermediate Term Trend turning into up zone above 5605. 

As mixed trading patterns in last 3 hours therefore follow up selling and sustaining below 5490 will mean fresh down moves after completion of ongoing rally and expected that fresh down moves will begin after follow up selling in the coming 1/2 sessions.  

Mid-session Outlook(02-09-2013)

As US Attack on Syria delayed therefore all the Asian markets are trading strong since opening today and Dow's Futures is also more than 80 points up since today morning. Resultant sentiment improved and Indian markets are more than 1.5% up and now trading within resistance range(5530-5605). Short Term Trend is up and Intermediate term will be up after sustaining above 5605.

Good consolidation at lower levels today but any decisive rally will be considered only after sustaining above 5605.

Range Bound week ahead before next Big Trend

Technical Analysis,Research & Weekly Outlook

(Sep 02 to Sep 06,2013)

Nifty-EOD Chart (30-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-5 completion at 6229.45 on 20-05-2013 and 'ABC' correction continuation.
2- Wave-A(5566.25 on 24-06-2013)
3- Wave-B(6093.35 on 23-07-2013)
4- Wave-C bottom formation at 5118.85 on 28-08-2013
5- Pull Back Rally recent top formation at 5493.20 on 30-08-2013.

Conclusions from EOD chart analysis 

As correction started after Wave-5 completion at 6229.45 therefore correction possibility of whole rally between 4531.15-6229.45 with its retracement levels were updated on 31-07-2013 in Technical Analysis and Market Outlook(31-07-2013) and its 61.8%(5179) retracement has been completed after bottom formation at 5118.85 on 28-08-2013. 'ABC' correction is on and now Pull Back Rally continuation after Wave-C bottom formation at 5118.85 therefore following retracement levels of its whole Wave-C down moves(6093-5118) should be firstly watched:- 

23.6%-5348(retracement completed)
38.2%-5490(retracement completed)
50.0%-5605
61.8%-5720
76.4%-5862

38.2% retracement of on going Pull Back Rally has been completed after top formation at 5493.20 on 30-08-2013. More than 4% crash was seen on 16-08-2013 and after that Nifty traded most time between 5118-5605 in last 11 sessions therefore firstly technical positions of last 11 trading sessions should be understood for deciding next trend:- 

Nifty-Intra Day Chart (Aug 16 to Aug 30,20133):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 11 Sessions intraday charts

1- Selling between 5530-5605 on 16-08-2013
2- Selling between 5490-5528 on 26-08-2013
3- Selling between 5438-5466 on 30-08-2013
4- Consolidation between 5270-5325 on 22-08-2013 
5- Consolidation between 5123-5200 on 28-08-2013 
6- Lower tops and lower bottoms formations in last 11 sessions

Conclusions from 11 Sessions intra day chart analysis 

Although supports at lower levels but good selling at higher levels with lower tops and lower bottoms formations in last 11 sessions therefore down moves are expected after follow up selling in the coming sessions. 

Nifty-Intra Day Chart (30-Aug-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 5438-5466.
2- Support between 5360-5390.
3- High intraday volatility.
3- Whole day actual trading between 5360-5493

Intra Day connection between Nifty andChart on 30-Aug-2013:-

Just click on chart for its enlarged view

Conclusions from both Nifty and Indian Rupee(USDINR) intra day chart analysis 

Firstly good selling at higher levels in more than 2 hours but lower levels some supports also seen. Although closing near higher levels of the day but whole day intraday moves of Nifty were directly effected by moves of Indian Rupee(USDINR) and in the last minutes also Nifty formed new intraday high after new intraday low formation by USDINR therefore new intraday high formation of Nifty will be understood only sentiments driven and Until Nifty will not sustain above the highest of day till then any decisive up move will not be considered.

Conclusions (After Putting All Indicators Together)

Following support levels upto 4779 were updated on 19-08-2013 in Huge Bearish Pattern formation in last 11 months:-

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

Nifty got supports between 2nd support range at 5118.85 on 28-08-2013 and reversed as well as Pull Back Rally seen and its recent top formation at 5493.20 on 30-08-2013 but hurdles in the way of on going Pull Back Rally through following immediate resistances:-  

1- 5490-5528
2- 5530-5605

Following Bullish formations also seen on Daily/Weekly charts and indicators:-

1- Bullish Hammer formation in last 2 weeks.
2- Weekly closing near the higher levels in last 2 weeks. 
3- Last 2 weeks trading and closing near the lower Band of Daily and Weekly Bollonger Band.
4- Lower levels supports in last 11 sessions.
5- Daily oscillators are oversold and showing up moves indications
6- Weekly Stochastics has moved into oversold zone and showing up moves indications

More than 4% crash on 16-08-2013 and after that Nifty traded most time between 5118-5605 in last 11 sessions therefore final break out of this range will result next big moves. Although Daily oscillators are oversold and showing up moves indications but above mentioned good resistances are at higher levels also therefore more consolidation is required for any decisive up move. Expected that Nifty will firstly trade between 5118-5605 in the coming week/weeks and prepare for next trend. As weekly indicators are not oversold and weekly MACD have moved below Zero line as well as Daily indicators have not shown positive divergence yet therefore down move are expected within last 11 sessions range(5118-5605).  

As huge Bearish pattern formation in last 11 months on Daily and Weekly charts therefore expected that finally down moves will be seen below 5118 after follow up selling in the coming sessions and weeks but next week will remain most time range bound between 5118-5605 and Indian markets will prepare for next big Trend because both lower levels supports and higher levels selling in last 11 sessions.