All Outlooks of last 2 weeks proved 100% Accurate

Whatsoever happened in the Indian Stock markets on 16-05-2014,all that was updated in all the Outlooks of last 2 weeks. Anyone can verify this fact from the Home page and Archive at the bottom of our this Blog.

NIFTY-May Call Option(7500)-Positional Buying of 15-05-2014-Message

NIFTY-May CE(7500)-Bought on 15-05-2014-We covered near the top of the day at 205 and now this call is trading at 120

NIFTY-May Call Option(7500)-Positional Buying of 15-05-2014-Covering

NIFTY-May CE(7500)-Bought on 15-05-2014-Cover and book profit immediately-CMP-205(Lalit39)

NIFTY-May Call Option(7500)-Positional Buying of 15-05-2014-Message

NIFTY-May CE(7500)-Bought on 15-05-2014-Market will be volatile but finally rally is expected therefore just hold & cover after my covering message(Lalit39)

Strong Rally & New All Time High on 16-05-2014

Technical Analysis and Market Outlook(16-05-2014)

Nifty-Intra Day Chart (May 13 to May 15,2014):-

Just click on chart for its enlarged view

 Technical Patterns and Formations in last 3 Sessions intraday charts

1- Most time trading trading between 7082-7131 in last 3 sessions.

Conclusions from 3 Sessions intra day chart analysis 

Gap up opening on 13th May after Exit Poll results on 12th May and after that last 3 sessions most time trading between 7082-7131. As consolidation patterns formations within this range in last 2 sessions therefore same  rally continuation view which has already been updated in all the previous Outlooks of last 2 sessions.

Nifty-Intra Day Chart (15-May-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down Moves in Bullish Falling Channel
2- Support between 7082-7100
3- Support between 7082-7102
4- Most time trading trading between 7082-7134
5- Whole day actual trading between 7082-7152

Conclusions from intra day chart analysis 

Most time trading trading between 7082-7134 with lower levels good supports and consolidation therefore expected that finally rally will be seen above 7134. 

Conclusions (After Putting both charts Together)

Although some selling was seen between 7148-7172 on 13-05-2014 but most time trading trading between 7082-7131 with good consolidations in last 3 sessions also therefore technically Indian markets are well set for fresh up moves and finally rally continuation with new high formations will be seen tomorrow. 

NIFTY-May Call Option(7500)-Positional-Buying Trade

NIFTY-May CE(7500)-Buy-Positional-SL-74 & TGT-154-CMP-104(Lalit39)

Mid-session Outlook(15-05-2014)

Importance of following 2 ranges was told in previous 3 Outlooks of yesterday and today:-

1- 7082-7131
2- 7082-7152

Today lowest is at 7082.55 and consolidation seen above 7082 today and yesterday,until Nifty will not sustain below 7082 till then next down moves will not be considered and valid break out above 7152 will mean fresh rally.

As consolidation above 7082 therefore fresh rally is expected above 7152.

Post-open Outlook(15-05-2014)

Following conclusive line was told yesterday in Technical Analysis and Market Outlook(15-05-2014):-

sustaining above 7131 will be correction completion and rally continuation confirmation.

Nifty moved above 7131 but could not sustain above and slip below it and traded at 6107. Expected that Nifty will trade and prepare for tomorrow moves between 7082-7152 and valid break out of this range will be first strong signal of post Election results next immediate trend in Indian markets.

As consolidation yesterday therefore finally rally is expected after Election results tomorrow.

Technical Analysis and Market Outlook(15-05-2014)

Nifty-Intra Day Chart (14-May-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly higher levels minor selling.
2- Down Moves in Bullish Falling Channel between 10:00 AM and 01:45 PM 
3- Most time trading between 7087-7121
3- Whole day actual trading between 7080-7142

Conclusions from intra day chart analysis 

Firstly higher levels minor selling but after that almost 4 hours Down Moves in Bullish Falling Channel which is consolidation pattern therefore rally continuation hopes are alive. Nifty traded last 3 hours between 7082-7131 yesterday and most time trading between this range today with some consolidation pattern formation within this range therefore expected that this range will be broken out and sustaining above 7131 will be correction completion and rally continuation confirmation.

As Exit Pools are showing Modi victory possibility and much heated sentiment therefore complete consolidation is required and panic bottom formation possibility should be kept in mind but much deeper correction is not expected and consolidation will be seen above 7020. 

Expected that finally rally will be seen in the coming 2/3 sessions 

Pre-closing Outlook(14-05-2014)

Nifty traded last 3 hours trading between 7082-7131 yesterday and most time trading between this range today with some follow up selling at higher levels but consolidation pattern of Down Moves in Bullish Falling Channel also seen between 10:00 AM and 01:45 PM today therefore finally rally will remain continued. As much heated sentiment and complete consolidation is required without much deeper correction therefore consolidation will be seen above 7020. 

Mid-session Outlook(14-05-2014)

Following lines were told yesterday in Technical Analysis and Market Outlook(14-05-2014);-

1- very Short Term Correction will be considered at this moment.
2- intraday volatility with panic bottom formation can not be ruled out
3- finally rally will remain continued after 1/2 sessions consolidation

As very Short Term Correction continuation therefore Nifty moved down after some follow up selling at higher levels today also and some more down moves can not be ruled out. Although selling at higher levels today and yesterday but expected that fresh consolidation will be seen above 7020 and finally rally will remain continued.

Technical Analysis and Market Outlook(14-05-2014)

Nifty-Intra Day Chart (13-May-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Selling between 7148-7172
3- Down Moves in Bullish Falling Channel
4- Last 3 hours trading between 7082-7131
5- Whole day actual trading between 7068-7172

Conclusions from intra day chart analysis 

volatility after minor profit booking was told at 09:25 AM today in Post-open Outlook and it was seen after Bearish Rising Channel formation and higher levels selling. Although intraday correction today but Down Moves in Bullish Falling Channel therefore emergence of consolidation pattern also and only very Short Term Correction will be considered at this moment.

As sentiment is too much heated after Modi victory possibility in Exit Polls therefore deeper correction will not be considered at this moment but intraday volatility with panic bottom formation can not be ruled out. Expected that finally rally will remain continued after 1/2 sessions consolidation and sustaining beyond following ranges should be firstly watched for today started correction completion.

1- Today trading range(7068-7172)
2- Today gap(7020-7068)

Mid-session Outlook(13-05-2014)

Although Nifty opened 55 points gap up but not much strong therefore volatility after minor profit booking was told at 09:25 AM today in Post-open Outlook and it is being seen before Nifty slipping 75 points from higher levels of today. At present this 75 points down moves will be understood only intraday correction and fresh up moves will be expected after ites completion. Let some intraday consolidation and supports develop then fresh rally will be seen and firstly sustaining beyond 7080 should be watched.

Post-open Outlook(13-05-2014)

Gap up opening but not much strong therefore volatility is possible after minor profit booking.

Technical Analysis and Market Outlook(13-05-2014)

Nifty-Intra Day Chart (12-May-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 6920-6954
2- Consolidation between 6960-6980
3- Whole day actual trading between 6916-7020

Conclusions from intra day chart analysis 

Firstly sharp 70 points up in first 2 minutes and after that consolidation as well as closing at the highest of the day therefore Indian markets are technically poised for more up moves/Rally. As Exit Polls are showing clear victory for Modi therefore rally continuation is expected after huge gap up opening tomorrow.

Pre-closing Outlook(12-05-2014)

Following line was told today at 08:47 AM in Minimum target of Nifty at 8616.90

25 sessions range will be broken out with more than 10% to 20% rally in next week

Now Nifty is trading 2% up and rally continuation is still expected because selling patterns not seen today but huge volatility can not be ruled out because any news,confusion or doubt regarding Modi victory may hamper sentiment. As today intraday patterns are showing consolidation therefore Indian markets are  technically poised for more up moves/Rally.

Minimum target of Nifty at 8616.90

Technical Analysis,Research & Weekly Outlook(May 12 to May 16,2014)

Nifty-Weekly Chart (09-May-2014):-

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Technical Patterns and Formations in Weekly charts

1- 6357.10 on 08-01-2008(All time high formation and correction beginning)
2- 2252.75 on 27-10-2008(Wave-1 begining after 2008 correction completion)
3- 6338.50 on 05-11-2010(Wave-5 completion and Corrective begining)
4- 4531.15 on 20-12-2011(Wave-3 beginning after 13 Months Wave-2 correction completion)
5- 6111.80 on 29-01-2013(Wave-5 completion and Corrective begining)
6- 5118.85 on 28-08-2013(Wave-1 beginning after ABC correction completion)
7- New highest formation at 6871.35 on 09-05-2014
8- Impulsive Wave-I beginning(2252.75 on 27-10-2008)
9- Impulsive Wave-I completion and corrective Wave-II beginning(6338.50 on 05-11-2010)
10- Corrective Wave-II completion and impulsive Wave-III beginning(4531.15 on 20-12-2011)
11- Impulsive Wave-III is on

Nifty-EOD Chart (09-May-2014):-

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Technical Patterns and Formations in EOD charts

1- Bottom formation at 5118.85 on 28-08-2013 and Wave-1 beginning
2- Wave-1(6142.50 on 19-09-2013)
3- Wave-2(5700.95 on 01-10-2013)
4- Wave-i of Wave-3(6415.25 on 09-12-2013)
5- Wave-ii of Wave-3(5933.30 on 04-02-2014)
6- Wave-iii of Wave-3 continuation with new highest formation at 6871.35 on 09-05-2014

Nifty-EOD Chart (09-May-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-iii of Wave-3 beginning(5933.30 on 04-02-2014) 
2- 5th Wave continuation with all time high formation at 6869.85 on 25-04-2014
3- 25 sessions sideways market between 6639-6871
4- New all time high formation at 6871.35 on 09-05-2014. 

Conclusions (After Putting All Indicators Together)

All trends are up and new highest formation at 6871.35 on 09-05-2014 but when Nifty was trading at much lower levels then Following line was told on 21-10-2013 in Minimum target of Nifty at 6724.60

Nifty is well set for rally towards minimum target at 6724.60. 

Now next minimum target of Nifty is at 8524.60 and its calculations are as follows:-

As per Elliot Wave theory "Wave-3 should not be shorter than both Wave-1 and Wave-5. Impulsive Wave-III is on and it should gain more points than Wave-I gained.

Wave-I gained 6338.50-2252.75=4085.75

Wave-III started from 4531.15 and and as per Elliot Wave theory it should gain minimum 4085.75 because it can not be shorter than Wave-I therefore its minimum target is at:-

4531.15(Wave-III started)+4085.75 Wave-1 gained=8616.90

As per Elliot Wave theory Nifty is well set for rally towards minimum target at 8616.90. 

Bullish market Wave-iii of Wave-3 continuation towards those higher levels which can not be easily imagined at this moment because following minimum waves are still left:-

1- Wave-iii of Wave-3 continuation and no signal of its termination yet.
2- Corrective Wave-iv of Wave-3 will start after on going Wave completion and this corrective will correct whole that up move which started from 5933.30.
3- Impulsive Wave-v of Wave-3 will start after previous corrective wave completion and this Wave will form new high above the top of Wave-iii of Wave-3. It should also be kept in mind that Wave-iii of Wave-3 top formations confirmation has not been seen yet.
4- Wave-v of Wave-3 completion will mean termination of Wave-3 and corrective Wave-4 beginning. 
5- Corrective Wave-4 will correct whole up moves which started from 5700.95.
6- Impulsive Wave-5 will start towards new top formation above the top of Wave-3.

Although Indian markets formed new all time high formation with closing at all time high on 09-05-2014 but still Nifty will understood sideways between 6639-6871 for the last 25 sessions and same forceful rally or huge gap up opening is required for valid break out 25 sessions range. It is very much clear that such strong rally will be seen immediately after the confirmation of Modi becoming P.M. of India and also 

expected that Modi will become Prime Minister of India and 25 sessions range will be broken out with more than 10% to 20% rally in next week.

As soon as Nifty started to consolidate from 02-05-2014 then we started to tell for that not sustaining below 6651 and that Rally which was seen on 09-05-2014. Just click following topic link and verify on your own:-

16 Accurate Predictions of Rally on 09-05-2014 with Proofs

16 Accurate Predictions of Rally on 09-05-2014 with Proofs

 Nifty formed new all time high formation with closing at all time high on 09-05-2014 but finally Rally/up moves were non stop daily told in all the 16 Outlooks since 02-05-2014. As we always talk with those proofs which no one can deny therefore just click following topic links and verify this fact on yours own:- 

1- In Technical Analysis and Market Outlook(09-05-2014):- expected that finally Rally/up moves will be seen in the coming sessions.
2- In Pre-closing Outlook(08-05-2014):- same Bullish views is maintained which is being continuously updated for the last 4 sessions.
3- In Post-open Outlook(08-05-2014):- last 5 sessions intraday patterns are showing consolidation patterns therefore it seems that consolidation process is on and finally Rally/up moves will be on 13 may/16 May.

4- Technical Analysis and Market Outlook(08-05-2014) :- last 4 sessions intraday charts showed consolidation patterns formations therefore finally Rally/up moves are expected in the coming sessions.

5- Pre-closing Outlook(07-05-2014):- finally Rally/up moves are expected in the coming sessions

6- Mid-session Outlook(07-05-2014):- finally Rally/up moves are expected.
7- Post-open Outlook(07-05-2014):- finally Rally/up moves are expected
8- Technical Analysis and Market Outlook(07-05-2014):-finally Rally/up moves are expected
9- Mid-session Outlook(06-05-2014):- Bullish expectations was told in all the previous Outlooks and same view today also
10-  Technical Analysis and Market Outlook(06-05-2014) - Certainly up moves expectation are alive after correction completion within last 21 sessions range

11- Mid-session Outlook(05-05-2014):- Certainly up moves expectation are alive after correction completion within last 20 sessions range

12- Technical Analysis,Research & Weekly Outlook(May 05 to May 09,2014):- Finally Rally/up moves will be seen in next week

13- Pre-closing Outlook(02-05-2014):- Although Nifty is going to close flat after whole day down moves but rally will be seen in next week

14- Mid-session Outlook-2(02-05-2014):- finally up moves are expected in next week despite now trading flat after loosing all intraday gains

15- Mid-session Outlook(02-05-2014):-intraday charts are showing consolidation patterns indications therefore emergence of fresh up moves expectations

16- Technical Analysis and Market Outlook(02-05-2014):-Finally expected that Nifty will not sustain below 6651 and up moves will be seen after follow up consolidation in the coming sessions.