Pre-Closing Outlook(16-05-2013)

As higher levels selling and lower levels supports seen today therefore sustaining beyond today actual trading range(6156-6186) and follow up moves tomorrow will decide next very short term term trend.

Mid-session Outlook(16-05-2013)

Although Green zone trading since opening today but intraday charts are showing selling patterns formations at higher levels.

Technical Analysis and Market Outlook(16-05-2013)

Nifty-Intra Day Chart (15-May-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day strong rally.
2- Higher levels narrow range trading between 6105-6125 with consolidation indications.
3- Whole day actual trading between 6031-6152
-

Conclusions from intra day chart analysis 

All trends are up and Whole day strong rally yesterday after RBI governor ststement that he has taken note of falling inflation, reinforcing bets about future rate cuts. Running Bullish rally is very much on and such types of rally runs fast despite overbought negative divergence showing indicators as well as correct after higher levels consolidations therefore until complete selling patterns will not form on EOD charts till then any deeper correction will not be considered. 

As strong up moves yesterday therefore some intraday corrections may be seen today but higher levels narrow range trading between 6105-6125 with consolidation indications yesterday therefore firstly sustaining beyond this range should be watched for the confirmations of:-

1- Rally continuation without any correction above 6125 or
2- Very short term correction below 6105 and until clear intraday selling patterns will not develop till then only such correction will be considered. .

FII & DII trading activity in Capital Market Segment on 15-May-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 15-May-2013 4362.4 2715.45 1646.95

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 15-May-2013 1244.05 1991.16 -747.11

FII Trading Data in Derivatives Segment on 15-May-2013

Nifty Spot-Levels & Trading Strategy for 16-05-2013

Nifty Spot-Levels

R3 6335
R2 6246
R1 6196
Avg 6107
S1 6057
S2 5968
S3 5918

Nifty Spot-Trading Strategy

H6  6287    Trgt 2
H5  6255    Trgt 1
H4  6222    Long breakout
H3  6184    Go Short
H2  6171
H1  6158
L1  6133
L2  6120
L3  6107    Long
L4  6069    Short Breakout
L5  6036    Trgt 1
L6  6004    Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 16-05-2013

Nifty(May Fut)-Levels

R3 6352
R2 6260
R1 6210
Avg 6118
S1 6068
S2 5976
S3 5926

Nifty(May Fut)-Trading Strategy

H6 6306     Trgt 2
H5 6272     Trgt 1
H4 6239     Long breakout
H3 6200     Go Short
H2 6187
H1 6174
L1 6147
L2 6134
L3 6121    Long
L4 6082     Short Breakout
L5 6049     Trgt 1
L6 6015     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 16-05-2013

Bank Nifty(May Fut)-Levels

R3 13689
R2 13377
R1 13209
Avg 12897
S1 12729
S2 12417
S3 12249

Bank Nifty(May Fut)-Trading Strategy

H6 13539     Trgt 2
H5 13422     Trgt 1
H4 13306     Long breakout
H3 13174     Go Short
H2 13130
H1 13086
L1 12998
L2 12954
L3 12910     Long
L4 12778     Short Breakout
L5 12661     Trgt 1
L6 12544     Trgt 2

Mid-session Outlook(15-05-2013)

As sharp Correction on 11-05-2013 after previous week 5 sessions selling and intraday charts of yesterday also showed selling formations therefore correction was expected but RBI governor sparked rate cut hopes and rally seen in Bond and Stock markets. Although today rally is without previous sessions consolidations and on the other hand selling also in previous sessions but Bull markets consolidate at higher levels after such positive news flow therefore strong rally is being seen today.

Impulsive Wave-5 is on and correction will be possible only after complete selling patterns formations,let it happen then then correction will be considered otherwise rally will remain continued.

Sensex, bonds rally as RBI governor sparks rate cut hopes

(Reuters) - Bonds and Sensex rallied on Wednesday, sending key indicators to their highest in several years, after the hawkish RBI governor said he had taken note of falling inflation, reinforcing bets about future rate cuts.

Just click following links for detailed news:-

http://in.reuters.com/article/2013/05/15/sensex-nifty-banks-rbi-inflation-icici-t-idINDEE94E02W20130515

http://economictimes.indiatimes.com/markets/bonds/bonds-extend-rally-rbi-governor-sparks-rate-cut-hopes/articleshow/20061846.cms

Post-open Outlook-2(15-05-2013)

Although no positive reaction yesterday on good news of more than 1% reduction of WPI Inflation but strong rally immediately after opening today and cleared immediate resistance range(6055-6095) as well as new high of the rally formation today. As market did not showed positive reaction on such good news yesterday therefore correction continuation was expected but strong rally today and rally continuation will be considered after sustaining confirmation above immediate resistance range(6055-6095) 

Post-open Outlook(15-05-2013)

Good up moves today on the back of strong Global cues and immediate resistances are also between 6055-6095. Correction continuation is still expected but sustaining beyond mentioned resistance range should also be firstly watched for next trend confirmations.

Technical Analysis and Market Outlook(15-05-2013)

Nifty-Intra Day Chart (14-May-2013):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel.
1- Selling between 6006-6025
3- Whole day actual trading between 5970-6025

Conclusions from intra day chart analysis 

Firstly more than first 2 hours up moves in Bearish Rising channel and it was broken down despite good news of more than 1% reduction of WPI Inflation as well as higher levels selling formations therefore suggesting down moves and correction continuation.

Pre-open Outlook(15-05-2013)

Most of the Asian markets are in Green after strong closing of US and European markets yesterday therefore sentiment is good today morning and some up moves will be seen after positive opening today. Some recovery can not be ruled out today on the back of strong global cues but higher levels selling yesterday therefore expected that finally Nifty will not sustain above 6025 and will slip in the coming sessions.

For next immediate trend confirmations sustaining beyond yesterday trading range should also be watched.

FII Trading Data in Derivatives Segment on 14-May-2013

FII & DII trading activity in Capital Market Segment on 14-May-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 14-May-2013 2276.29 1855.3 420.99

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 14-May-2013 552.49 965.15 -412.66

Nifty Spot-Levels & Trading Strategy for 15-05-2013

Nifty Spot-Levels

R3 6080
R2 6053
R1 6024
Avg 5997
S1 5968
S2 5941
S3 5912

Nifty Spot-Trading Strategy

H6 6051     Trgt 2
H5 6038     Trgt 1
H4 6025     Long breakout
H3 6010     Go Short
H2 6005
H1 6000
L1 5989
L2 5984
L3 5979     Long
L4 5964     Short Breakout
L5 5951     Trgt 1
L6 5938     Trgt 2

Nifty(May Fut)-Levels & Trading Strategy for 15-05-2013

Nifty(May Fut)-Levels

R3 6095
R2 6067
R1 6036
Avg 6008
S1 5977
S2 5949
S3 5918

Nifty(May Fut)-Trading Strategy

H6 6065     Trgt 2
H5 6051     Trgt 1
H4 6038     Long breakout
H3 6022     Go Short
H2 6016
H1 6011
L1 6000
L2 5995
L3 5989     Long
L4 5973     Short Breakout
L5 5960     Trgt 1
L6 5946     Trgt 2

Bank Nifty(May Fut)-Levels & Trading Strategy for 15-05-2013

Bank Nifty(May Fut)-Levels

R3 12855
R2 12765
R1 12648
Avg 12558
S1 12441
S2 12351
S3 12234

Bank Nifty(May Fut)-Trading Strategy

H6 12739     Trgt 2
H5 12691     Trgt 1
H4 12644     Long breakout
H3 12587     Go Short
H2 12568
H1 12549
L1 12512
L2 12493
L3 12474     Long
L4 12417     Short Breakout
L5 12370     Trgt 1
L6 12322     Trgt 2

Mid-session Outlook-2 (14-05-2013)

As intraday selling patterns formation today therefore correction continuation is expected in the coming sessions.

Post-open Outlook(14-05-2013)

As reduced WPI inflation is expected today and sentiment is depressed after yesterday fall therefore some recovery from lower levels today for the improvement of market mood and some more up moves also can not be ruled out. As strong resistances are between 6055-6095 therefore next sustained up moves above 6095 will be seen only after complete consolidations,let it happen then rally will be considered otherwise correction is continued and more down moves in the coming sessions can not be ruled out after facing resistances at higher levels.

Live Proofs of our 100% Accurate Predictions

Following lines were told at 06:51 AM on 11-05-2013 which proved 100% Accurate in both previous Bullish and Bearish sessions:-

Green zone trading will be seen in today short special session and new top above 6111.80 is also possible but it should be kept in mind that Short Term Correction is very much due and may begin any day.  

Our above prediction proved 100% accurate in following manner:-

1- On 11-05-2013:- "Nifty closed 12 points up with new top formations at 6114.55"

2- On 13-05-2013:- "Nifty closed 126 points down"

Just click following topic link and verify above fact on yours own:-

Technical Analysis and Market Outlook(11-05-2013)