Pre-closing Outlook(14-06-2011)

Following lines were told in Mid-session Outlook today as applicable at this moment therefore repeating:-

Disappointing inflation numbers and intraday mixed patterns within 5505-5517 therefore today trading range break out(5484-5520) will be watched for next move first indication. As selling patterns also at higher levels today therefore minor slipping possibility can not be rules out after negative inflation news.

Minor slipping possibility was told and minor slip was seen, Nifty formed new trading low at 01:10pm. Selling patterns were told between 5505-5517 and Nifty is trading below 5505 for the last more than 2 hours.

Following lines were predicted yesterday for today market,which proved 100% accurate today:-

Whatsoever strong/weak sentiments on 14-06-2011 but Nifty will trade firstly and most of the time between 5450-5520 and also closing expected within this range.(Ref:-Range Bound Market 0n 14-06-2011)

As selling patterns seen within 5505-5517 today therefore sustaining above 5517 will be next up moves confirmation and will be first watch tomorrow for next move confirmation.

Nifty traded whole day between 5490-5517 and sustaining beyond this range will be next move strong confirmation. As sellings signals emerged within this range today therefore fresh consolidation is must for moving above it and selling tomorrow will mean again beginning of fresh down moves.

Break out and sustaining beyond today trading range(5490-5517) will be next big moves confirmations and will be first watched tomorrow.

Mid-session Outlook-2(14-06-2011)

Indian markets reacted moderately on increase in May Inflation numbers. As mixed patterns between 5505-5517 today therefore break out of 5480-5520 should be firstly watched for next moves confirmations.

Mid-session Outlook(14-06-2011)

May inflation at 9.06% vs 8.66%(MoM)

Trading range for today was given between 5450-5520 and nifty traded within this range at upper band within 5484.20-5520.15 upto 12:00 noon today.

Disappointing inflation numbers and intraday mixed patterns within 5505-5517  therefore today trading range break out(5484-5520) will be watched for next move first indication. As selling patterns also at higher levels today therefore minor slipping possibility can not be rules out after negative inflation news.

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Post-open Outlook(14-06-2011)

Following lines and up moves expectations were clearly told in Pre-closing Outlook yesterday which proved 100% accurate in first minute today because consolidation was told within 5477-5496 yesterday and Nifty crossed this range in first minute today:-

"Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore  upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today"

Above views were repeated in all the outlooks which were written for today markets.

Strong opening today,entering and trading into next resistance range(5522-5604) possibility turned higher now.

Pre-open Outlook(14-06-2011)

Flat and quiet global markets today morning therefore Nifty will open flat and firstly trade between last 3 hours 5477-5496,consolidation patterns within this range yesterday therefore follow up buying today will mean entering into next resistance range(5522-5604)

Mentioned last 3 hours range is 19 points range and Nifty may easily move beyond this range therefore next move confirmation range is 5450-5520. Expected that Nifty will trade most of the time and close within 5450-5520 today.

As whole day consolidation yesterday therefore upmoves are more expected and follow up buying/selling today will decide next moves and sustaining beyond 5450-5520 will be confirmation of next moves.

Range Bound Market 0n 14-06-2011

Market Outlook(14-06-2011)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Charts,Technical Positions,next possibilities have already been explained in following topics with 4 Charts therefore not being repeated:-

1-Nifty-Micro Analysis of Intra Day Chart For 14-06-2011
2-Technical Analysis and Research(Waves Structure)

3-Wave-4 Correction,Wave-5 Formations & Inverse HNS

4-What will be Indian markets reaction on Dow's 175 points crash?

Conclusions (After Putting All Studies Together)

Range bound Indian markets were proved,following lines were told in the topic on 12-06-2011-What will be Indian markets reaction on Dow's 175 points crash? 

1- Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves. Good supports below 5400 and Nifty require complete selling for slipping below 5329.

2- Nifty can not go any where and will first trade and prepare for next moves between this range in the coming sessions

Above lines were told in most depressing sentiment which proved 100% accurate. Nifty could not go anywhere,remained range bound and closed flat  with whole day intraday consolidation patterns within 5436-5496 on 13-06-2011.

Next resistance range is 5522-5604 and market require complete consolidation to cross it. In the same manner first strong support range is 5438-5480. Expected nifty moves are as follows on 14-06-2011:-

Nifty traded last 3 hours within 5477-5496 on 13-06-2011 with intraday consolidation patterns and this range break out as well sustaining beyond will be next moves first indication. As consolidation within this range and follow up consolidations on 14-06-2011 will mean entry into next resistance range(5522-5604) because strong supports below this this range within 5438-5480 also. 

Whatsoever strong/weak sentiments on 14-06-2011 but Nifty will trade firstly and most of the time between 5450-5520 and also closing expected within this range. Strong resistance above this range and strong supports below this range. Follow up buying/Selling and break out of this range will give second strong indication of next strong moves. 

Let Nifty prepare for next moves within 5450-5520 then next moves will be decided and posted from intraday charts formations as were posted yesterday before the beginning of up moves.

FII Trading Data in Derivatives Segment on 13-Jun-2011

FII & DII trading activity in Capital Market Segment on 13-Jun-2011

FII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 13-Jun-2011 1543.66 1847.83 -304.17

DII trading activity on NSE and BSE in Capital Junket Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 13-Jun-2011 917.1 889.76 27.34

Nifty-Micro Analysis of Intra Day Chart For 14-06-2011

Micro-Analysis of Intra Day Charts with so high accuracy is always available only in:-
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Any other Website or Business News channel can never predict so accurately as predicted daily only in this Blog.

Nifty-Intra Day Chart(13-06-2011):-

Just click on chart for its enlarged view

Main Features


1- Falling Wedge Bullish pattern
2- Support between 5438-5455
3- Rising Channel Upmove
4- Last 3 hours between 5477-5496

Conclusions

Strong upmove today but it is not being told after closing for market but today upmove was predicted well before its begining in following lines:-

1- When Nifty was trading near today lower levels then up side break out possibility was told in Post-open Outlook today.
2- After that upmoves were told in all 3 Mid-session Outlooks
3- Down moves were never told after US market last Friday crash and First trading and next moves preparation range(5400-5473) was given in which Nifty traded almost first 3 hours and after that up moves were seen today.

Firstly Falling Wedge Bullish pattern formation and after that Support and base formation between 5438-5455 seen today. Up moves in Rising channel and after that Nifty traded last 3 hours between 5477-5496 with intraday consolidation patterns.

Although Nifty closed near lower levels of the last 3 hours range in Red but whole day intraday charts are suggesting consolidations formations therefore  upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.

Indian Stock Markets Closing Reports(13-06-2011)

Main features of today trading are as follows

1- Flat closing after strong support at lower levels.
2- All the Indices recovered from lower levels.
3- Bullish Hammer Candle
4- Whole day Intraday consolidations.

Ratios

Nifty Put Call Ratio: 0.95
Nifty P/E Ratio(13-06-2011): 20.25

Advances & Declines

BSE ADVANCES : 1403
BSE DECLINES : 1433
NSE ADVANCES :  653
NSE DECLINES :  731

Nifty Open Interest Changed Today

Nifty- 5300 CE(Jun)- -225150(-16.08%)
Nifty- 5300 PE(Jun)- +590400(+8.99%)

Nifty- 5400 CE(Jun)- +165700(+6.10%)
Nifty- 5400 PE(Jun)- +1199200(+21.91%)

Nifty- 5500 CE(Jun)- -509200(-8.91%)
Nifty- 5500 PE(Jun)- +173650(+6.38%)

Nifty- 5600 CE(Jun)- +446500(+6.62%)
Nifty- 5600 PE(Jun)- +173650(+6.38%)

Closing 

Nifty- closed at 5,482.80(-3.00 Points & -0.05%)
Sensex- closed at 18,266.03(-2.51 Points & -0.01%)
CNX MIDCAP - closed at 8,037.45(+45.40 Points & +0.57%)
BSE SMALL CAP- closed at 8,313.32(+24.86 Points & +0.30%)

Nifty Spot-Levels & Trading Strategy for 14-06-2011

Nifty Spot-Levels

R3 5566
R2 5531
R1 5506
Avg 5471
S1 5446
S2 5411
S3 5386

Nifty Spot-Trading Strategy

H6 5542     Trgt 2
H5 5528     Trgt 1
H4 5515     Long breakout
H3 5498     Go Short
H2 5493
H1 5487
L1 5476
L2 5471
L3 5465     Long
L4 5449     Short Breakout
L5 5435     Trgt 1
L6 5421     Trgt 2

Nifty(Jun Fut)-Levels & Trading Strategy for 14-06-2011

Nifty(Jun Fut)-Levels
R3 5601
R2 5556
R1 5527
Avg 5482
S1 5453
S2 5408
S3 5379

Nifty(Jun Fut)-Trading Strategy

H6 5572     Trgt 2
H5 5555     Trgt 1
H4 5538     Long breakout
H3 5518     Go Short
H2 5511
H1 5504
L1 5491
L2 5484
L3 5477     Long
L4 5457     Short Breakout
L5 5440     Trgt 1
L6 5423     Trgt 2

Bank Nifty(Jun Fut)-Levels & Trading Strategy for 14-06-2011

Bank Nifty(Jun Fut)-Levels

R3 10960
R2 10862
R1 10797
Avg 10699
S1 10634
S2 10536
S3 10471

Bank Nifty(Jun Fut)-Trading Strategy

H6 10897     Trgt 2
H5 10859     Trgt 1
H4 10821     Long breakout
H3 10776     Go Short
H2 10761
H1 10746
L1 10717
L2 10702
L3 10687     Long
L4 10642     Short Breakout
L5 10604     Trgt 1
L6 10567     Trgt 2

Pre-closing Outlook(13-06-2011)

Technical positions are as follows:-

1- Consolidations between 5437-5580(Today and Last Friday)
2- Strong resistance between 5522-5604

Nifty traded last 3 hours between 5477-5496 today. Although Nifty is trading at lower levels of last 3 hours range but intraday charts of last 3 hours are suggesting consolidations formations therefore  upmoves expectations and possibility of trading within next resistance range(5522-5604) turned higher today.

5480-5522 break out and sustaining beyond will be next moves confirmations.

Mid-session Outlook-2(13-06-2011)

Following lines were told in What will be Indian markets reaction on Dow's 175 points crash? yesterday:-

Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves. 


As We told  100% same happened and Nifty prepared for next moves within mentioned range(5400-5473) and after that did not followed weak US and Asian markets but followed our upmoves prediction of Post-open Outlook(13-06-2011)

Sustainability above 5480 will be watched for up moves confirmations. Strong resistances between 5522-5604 therefore market requires consolidations before every rise. Expected that Indian markets will consolidate and will move up.

5480-5522 break out should be watched for first signal of next moves confirmations.

Mid-session Outlook(13-06-2011)

When Indian markets were trading near today's lows then following lines were told in Post-open Outlook today:-

As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-

1- 5438-5445(Today)
2- 5460-5480(Last Friday)

Nifty is trading above 5480 and also expected that will condolidate and sustain above it. Strong resistance above 5522 therefore market require consolidations before any up move.

Indian markets did not crashed after US markets 1.5% down today and all my Outlooks for today markets are live proof of this fact that I never told for weak market in most depressing sentiments and also predicted today up moves well before its begining in Post-open Outlook today.

Post-open Outlook(13-06-2011)

Nifty is trading below 5457 because heavy weight RIL is also trading more that 2% down today. Sustaining below 5457 will be fresh down moves confirmations but intraday support between 5438-5445 today also therefore down moves confirmation will be below 5438. As Consolidations seen between 5460-5480 last Friday therefore selling below 5457 and moving below 5438 is must for down moves confirmations and moves above 5480 will be up moves confirmations also.

Completely range bound markets with strong supports at lower levels and strong resistances at higher levels. Let market finally prepare for decisive trend then trending markets will commence and till then quiet range bound moves will be seen.

Although supports seen within 5438-5480 but Nifty is trading at the lower bend of this range therefore  sustaining beyond this range will be strong indication of next moves. As two following support ranges within 5438-5480 therefore up side break out possibility of this range can not be rules out also despite Red zone trading since today morning :-


1- 5438-5445(Today)
2- 5460-5480(Last Friday)

Pre-open Outlook(13-06-2011)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topicS with 4 Charts therefore not being repeated:-

1-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011

2-Technical Analysis and Research(Waves Structure)

3-Wave-4 Correction,Wave-5 Formations & Inverse HNS

4-What will be Indian markets reaction on Dow's 175 points crash?

Although US markets closed about 1.5% down last Friday but Asian markets are moderately weak today morning and most are less than 1% down. Sentiment is not depressed,Nifty will open, firstly trade and prepare for next moves between 5457-5522. Strong resistances above 5522 and and good supports within this range.Break out and sustaining beyond mentioned range will give confirmation to next those moves which have already been discussed in above topics yesterday. 

What will be Indian markets reaction on Dow's 175 points crash?

Weekly Outlook(Jun 13 to Jun 17,2011)

Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topicS with 3 Charts therefore not being repeated:-

1-Nifty-Micro Analysis of Intra Day Chart For 13-06-2011
2-Technical Analysis and Research(Waves Structure)
3-Wave-4 Correction,Wave-5 Formations & Inverse HNS

Nifty-EOD Chart(10-06-2011):-

Just click on chart for its enlarged view

Main Features

1- Last 28 sessions range bound market between 5329-5605
2- Support,base formation and consolidation between 5459-5473
3- Strong support between 5329-5400
4- Strong resistance between 5522-5604

Conclusions

Indian markets slipped from 5604 after last 8 sessions selling between 5522-5604. Nifty tested last 10 days lows and tested lows of strong support range(5459-5473) but closed above it at 5485 last Friday after consolidations between 5460-5480.

As Nifty got support in strong support range(5459-5473) last Friday therefore :-

1- Until Nifty will not sustain below 5459 till then fresh down move will not be considered.
2- If Global pressure remains high on Monday and Nifty slips below 5459 then strong support range is 5329-5400 and market requires complete distribution patterns for sustaining below 5329.

As good selling between 5522-5604 and last Friday lower levels consolidations is not sufficient to move above 5522 therefore market requires complete consolidations below 5522 for any types of up moves also. Market require fresh preperation for any side directional moves and trending market.

Conclusions (After Putting All Studies Together)

All trends are down and Nifty is trading between 5329-5605 for the last 28 sessions with Inverse Head & Shoulders(HNS) pattern Formations. Strong resistances at higher levels and strong supports are at lower levels and Nifty closed almost in the middle of this range last Friday therefore Nifty can not go any where and will first trade and prepare for next moves between this range in the coming sessions and break out of this range will give decisive trend to Indian markets. Break out of this range will mean:-

1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.

Whatsoever may be depressing Asian markets reaction on US market 1.5% last Friday down but Nifty will first trade between 5400-5473 and prepare for next moves. Good supports below 5400 and Nifty require complete selling for slipping below 5329.

28 Sessions range bound markets and it is confirm that strong moves toward break out side will be seen. Follow up buying/selling in the coming couple of sessions will decide that Nifty will test next suooprts or resistances and Next moves first indication will be sustaining beyond 5400-5473.

Firstly range bound quiet trading between 5329-5605 will be seen and if this range is broken out in the coming week then decisive fast moves toward break out side will be seen.

Wave-4 Correction,Wave-5 Formations & Inverse HNS

Nifty-EOD Chart(10-06-2011):-

Just click on chart for its enlarged view

Main Features


1- 'ABC' Correction in Wave-4
2- 'C' corrective wave of Wave-4 completed 5 waves and correction completed
3-  Impulsive Waves-5 started but Nifty is trading and sustaining below it for the last 22 sessions.
4-  Continuation patterns formation in Wave-5 but Nifty is trading and sustaining below its rising trend line for the last 22 sessions.
5- Inverse Head & Shoulders(HNS) Formations in last 28 sessions.

Conclusions

Wave-4 'ABC' Correction completed but Nifty is trading below Wave-5 Trend Line and sustaining below it for the last 22 sessions therefore Wave-5 failure possibility can not be ruled out. Wave-5 failure confirmation level is sustaining below 5178. Inverse Head & Shoulders(HNS) Formations(Bullish) in last 28 sessions between 5329-5605 also therefore breaking out of this range will decide next long term and strong trend because:-

1- Sustaing above 5605 will mean all trends are turning up and breaking out of after long range bound consolidations.
2- All trends are already down and sustaining below 5329 will mean breaking down after long range bound distributions.