Whole day down moves in Bullish falling channel some supports at lower levels also therefore follow up moves and sustaining beyond today lowest(5916.35) should be firstly watched tomorrow for next immediate move confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Live proof of 100% Accurate Predictions
Following line was told at 12:04:00 PM on 31-05-2013 in Mid-session Outlook
Wave-C beginning toward lower levels below Wave-A(5936.80)
Today lowest formation is at 5928.25
Just click following topic link and verify on yours own
Mid-session Outlook(03-06-2013)
Corrective Wave-C of corrective 'ABC' continuation after Impulsive Wave-B completion at 6133.75 on 30-05-2013. Corrective Wave-A retraced 292.65 points and its almost 100% retracement is possible therefore on going Wave-C may retrace up to 5841.10(6133.75-292.65).
As good news for INFY therefore it was more than 7% up and resultant positive zone trading immediately after opening today but follow up selling developed and slipping from higher levels.
More down moves are expected and possibility of above mentioned level(5841.10) testing is alive.
As good news for INFY therefore it was more than 7% up and resultant positive zone trading immediately after opening today but follow up selling developed and slipping from higher levels.
More down moves are expected and possibility of above mentioned level(5841.10) testing is alive.
Pre-Closing Outlook(31-05-2013)
 |
| DEAD BULL |
strong resistances are lying between 6130-6180
Nifty could not close above 5930 and sharply down today. As such down moves were understood therefore it was updated in both previous Outlooks and repeating follow line from Mid-session Outlook(31-05-2013) for next expected moves:-
Wave-C beginning toward lower levels below Wave-A(5936.80)
Mid-session Outlook(31-05-2013)
Last 3 sessions range broken down today after RBI Governor worries on weakening Indian Rupee yesterday. 'ABC' correction is on and today almost confirmations of corrective Wave-C beginning toward lower levels below Wave-A(5936.80).
As 3 previous sessions range broken down after negative news therefore only sustaining below the lowest(6056) of 3 sessions should be watched for confirmations. As per our view possibility of sustaining below 6056 is high.
As 3 previous sessions range broken down after negative news therefore only sustaining below the lowest(6056) of 3 sessions should be watched for confirmations. As per our view possibility of sustaining below 6056 is high.
Post-open Outlook(31-05-2013)
Clear weakness and now high possibility of slipping below previous 3 sessions lowest
Technical Analysis and Market Outlook(31-05-2013)
Nifty-Intra Day Chart (30-May-2013):-
Technical Patterns and Formations in today intraday charts
1- Sideways trading with mixed patterns between 6079-6110 up to 3:00 PM
2- Firstly sharp up and some volatility in last half hour.
3- Whole day actual trading between 6079-6133
Impulsive Wave-B of corrective 'ABC' continuation and closing at its top yesterday but after almost 6 hours mixed patterns formations trading. As most time trading between 6056-6127 in last 3 sessions with mixed trading patterns therefore technically market is not prepared for any side decisive moves and will again prepare for next moves near about mentioned range(6056-6127) despite closing at the top of last 3 days yesterday.
As strong resistances are lying between 6130-6180 therefore complete consolidation is required for sustaining above 6180. Last 3 sessions trading range is just below it,follow up selling in the coming sessions and once slipping below 6056 will mean steep fall also. As sideways market is expected in the coming session and next move preparation will be seen between 6056-6180 therefore its valid break out should be firstly watched for big trend confirmations.
 |
| Just click on chart for its enlarged view |
1- Sideways trading with mixed patterns between 6079-6110 up to 3:00 PM
2- Firstly sharp up and some volatility in last half hour.
3- Whole day actual trading between 6079-6133
Conclusions from intra day chart analysis
Impulsive Wave-B of corrective 'ABC' continuation and closing at its top yesterday but after almost 6 hours mixed patterns formations trading. As most time trading between 6056-6127 in last 3 sessions with mixed trading patterns therefore technically market is not prepared for any side decisive moves and will again prepare for next moves near about mentioned range(6056-6127) despite closing at the top of last 3 days yesterday.
As strong resistances are lying between 6130-6180 therefore complete consolidation is required for sustaining above 6180. Last 3 sessions trading range is just below it,follow up selling in the coming sessions and once slipping below 6056 will mean steep fall also. As sideways market is expected in the coming session and next move preparation will be seen between 6056-6180 therefore its valid break out should be firstly watched for big trend confirmations.
FII & DII trading activity in Capital Market Segment on 30-May-2013
| ||||||||||||||||
| ||||||||||||||||
Nifty Spot-Levels & Trading Strategy for 31-05-2013
Nifty Spot-Levels
R3 6208
R2 6170
R1 6147
Avg 6109
S1 6086
S2 6048
S3 6025
Nifty Spot-Trading Strategy
H6 6185 Trgt 2
H5 6171 Trgt 1
H4 6157 Long breakout
H3 6140 Go Short
H2 6135
H1 6129
L1 6118
L2 6112
L3 6107 Long
L4 6090 Short Breakout
L5 6076 Trgt 1
L6 6062 Trgt 2
R3 6208
R2 6170
R1 6147
Avg 6109
S1 6086
S2 6048
S3 6025
Nifty Spot-Trading Strategy
H6 6185 Trgt 2
H5 6171 Trgt 1
H4 6157 Long breakout
H3 6140 Go Short
H2 6135
H1 6129
L1 6118
L2 6112
L3 6107 Long
L4 6090 Short Breakout
L5 6076 Trgt 1
L6 6062 Trgt 2
Nifty(Jun Fut)-Levels & Trading Strategy for 31-05-2013
Nifty(Jun Fut)-Levels
R3 6217
R2 6180
R1 6155
Avg 6118
S1 6093
S2 6056
S3 6031
Nifty(Jun Fut)-Trading Strategy
H6 6193 Trgt 2
H5 6179 Trgt 1
H4 6165 Long breakout
H3 6148 Go Short
H2 6142
H1 6136
L1 6125
L2 6119
L3 6113 Long
L4 6096 Short Breakout
L5 6082 Trgt 1
L6 6068 Trgt 2
R3 6217
R2 6180
R1 6155
Avg 6118
S1 6093
S2 6056
S3 6031
Nifty(Jun Fut)-Trading Strategy
H6 6193 Trgt 2
H5 6179 Trgt 1
H4 6165 Long breakout
H3 6148 Go Short
H2 6142
H1 6136
L1 6125
L2 6119
L3 6113 Long
L4 6096 Short Breakout
L5 6082 Trgt 1
L6 6068 Trgt 2
Bank Nifty(Jun Fut)-Levels & Trading Strategy for 31-05-2013
Bank Nifty(Jun Fut)-Levels
R3 12956
R2 12900
R1 12851
Avg 12795
S1 12746
S2 12690
S3 12641
Bank Nifty(Jun Fut)-Trading Strategy
H6 12907 Trgt 2
H5 12883 Trgt 1
H4 12859 Long breakout
H3 12830 Go Short
H2 12821
H1 12811
L1 12792
L2 12782
L3 12773 Long
L4 12744 Short Breakout
L5 12720 Trgt 1
L6 12696 Trgt 2
R3 12956
R2 12900
R1 12851
Avg 12795
S1 12746
S2 12690
S3 12641
Bank Nifty(Jun Fut)-Trading Strategy
H6 12907 Trgt 2
H5 12883 Trgt 1
H4 12859 Long breakout
H3 12830 Go Short
H2 12821
H1 12811
L1 12792
L2 12782
L3 12773 Long
L4 12744 Short Breakout
L5 12720 Trgt 1
L6 12696 Trgt 2
Pre-Closing Outlook(30-05-2013)
Following line was told in previous Outlook yesterday:-
1-"both buying and selling patterns formations in last 2 sessions"
2-"one sided trading positions have not been built up"
3-"follow up moves and valid break out last 2 sessions trading range(6056-6127) should be firstly watched tomorrow for next trend confirmations"
As one sided trading positions were not been built up therefore Indian markets are flat today despite weak Asian and US markets. Following ranges valid break out should be firstly watched now for next moves confirmations:-
1-Today actual trading range(6080-6111) for next moves first indication.
2-3 Sessions trading range(6056-6127) for next moves confirmations.
As strong resistances are lying just above 3 sessions trading range between 6130-6180 therefore next up trend will be considered above 6180. Follow up selling and once slipping below 6056 will mean steep fall also therefore now sideways market between 6056-6180 will be considered and its valid break out will be watched in the coming sessions for next moves confirmations.
1-"both buying and selling patterns formations in last 2 sessions"
2-"one sided trading positions have not been built up"
3-"follow up moves and valid break out last 2 sessions trading range(6056-6127) should be firstly watched tomorrow for next trend confirmations"
As one sided trading positions were not been built up therefore Indian markets are flat today despite weak Asian and US markets. Following ranges valid break out should be firstly watched now for next moves confirmations:-
1-Today actual trading range(6080-6111) for next moves first indication.
2-3 Sessions trading range(6056-6127) for next moves confirmations.
As strong resistances are lying just above 3 sessions trading range between 6130-6180 therefore next up trend will be considered above 6180. Follow up selling and once slipping below 6056 will mean steep fall also therefore now sideways market between 6056-6180 will be considered and its valid break out will be watched in the coming sessions for next moves confirmations.
Technical Analysis and Market Outlook(30-05-2013)
Nifty-Intra Day Chart (May 28 & May 29,2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 2 Sessions intraday charts
1- Up moves in Bearish Rising channel on 28-05-2013.
2- Firstly selling between 6097-6105 on 29-05-2013
3- 3 Times down moves in Bullish Falling Channel on 29-05-2013
4- 3 Times higher Bottom formations on 29-05-2013
5- 2 Sessions actual trading between 6056-6127.
Up moves in Bearish Rising channel yesterday weakness was projected for today and that was seen also and Indian markets traded most time in Red today but lower levels supports also developed because:-
1- down moves after 12:00 PM were not showing required force.
2- 3 Times higher Bottom formations.
3- No weakness despite European markets sharp down moves.
Indian Rupee moved toward record lows but Indian markets did not reacted negative and got supports at lower levels as well as closed almost flat today. It is clear that both buying and selling patterns formations in last 2 sessions and one sided trading positions have not been built up therefore follow up moves and valid break out last 2 sessions trading range(6056-6127) should be firstly watched tomorrow for next trend confirmations.
Technical Patterns and Formations in last 2 Sessions intraday charts
1- Up moves in Bearish Rising channel on 28-05-2013.
2- Firstly selling between 6097-6105 on 29-05-2013
3- 3 Times down moves in Bullish Falling Channel on 29-05-2013
4- 3 Times higher Bottom formations on 29-05-2013
5- 2 Sessions actual trading between 6056-6127.
Conclusions from 2 Sessions intra day chart analysis
Up moves in Bearish Rising channel yesterday weakness was projected for today and that was seen also and Indian markets traded most time in Red today but lower levels supports also developed because:-
1- down moves after 12:00 PM were not showing required force.
2- 3 Times higher Bottom formations.
3- No weakness despite European markets sharp down moves.
Indian Rupee moved toward record lows but Indian markets did not reacted negative and got supports at lower levels as well as closed almost flat today. It is clear that both buying and selling patterns formations in last 2 sessions and one sided trading positions have not been built up therefore follow up moves and valid break out last 2 sessions trading range(6056-6127) should be firstly watched tomorrow for next trend confirmations.
FII & DII trading activity in Capital Market Segment on 29-May-2013
| ||||||||||||||||
| ||||||||||||||||
Indian Stock Markets Closing Reports(29-May-2013)
Main features of today trading are as follows
Ratios
Index Options Put Call Ratio: 1.12
Total Options Put Call Ratio: 1.07
Nifty P/E Ratio(29-May-2013): 18.11
Advances & Declines
BSE Advances : 1,028
BSE Declines : 1,340
NSE Advances : 537
NSE Declines : 857
Nifty Open Interest Changed Today
Nifty- 5800 CE(May)- -100,200(-9.52%)
Nifty- 5800 PE(May)- -397,500(-6.56%)
Nifty- 5900 CE(May)- -136,850(-7.33%)
Nifty- 5900 PE(May)- 402,250(5.48%)
Nifty- 6000 CE(May)- -119,750(-3.87%)
Nifty- 6000 PE(May)- 185,850(2.60%)
Nifty- 6100 CE(May)- 102,850(1.55%)
Nifty- 6100 PE(May)- -38,650(-0.71%)
Nifty- 6200 CE(May)- 809,650(12.71%)
Nifty- 6200 PE(May)- -172,400(-11.95%)
Closing
Sensex- closed at 20,147.64(-13.18 Points & -0.07%)
Nifty- closed at 6,104.30(-6.95 Points & -0.11%)
CNX Midcap - closed at 7,911.05(-48.10 Points & -0.60%)
CNX Smallcap- closed at 3,240.00(-14.55 Points & -0.45%)
Nifty Spot-Levels & Trading Strategy for 30-05-2013
Nifty Spot-Levels
R3 6185
R2 6155
R1 6129
Avg 6099
S1 6073
S2 6043
S3 6017
Nifty Spot-Trading Strategy
H6 6160 Trgt 2
H5 6147 Trgt 1
H4 6134 Long breakout
H3 6119 Go Short
H2 6114
H1 6109
L1 6098
L2 6093
L3 6088 Long
L4 6073 Short Breakout
L5 6060 Trgt 1
L6 6047 Trgt 2
R3 6185
R2 6155
R1 6129
Avg 6099
S1 6073
S2 6043
S3 6017
Nifty Spot-Trading Strategy
H6 6160 Trgt 2
H5 6147 Trgt 1
H4 6134 Long breakout
H3 6119 Go Short
H2 6114
H1 6109
L1 6098
L2 6093
L3 6088 Long
L4 6073 Short Breakout
L5 6060 Trgt 1
L6 6047 Trgt 2
Nifty(May Fut)-Levels & Trading Strategy for 30-05-2013
Nifty(May Fut)-Levels
R3 6175
R2 6144
R1 6117
Avg 6086
S1 6059
S2 6028
S3 6001
Nifty(May Fut)-Trading Strategy
H6 6148 Trgt 2
H5 6135 Trgt 1
H4 6121 Long breakout
H3 6105 Go Short
H2 6100
H1 6095
L1 6084
L2 6079
L3 6074 Long
L4 6058 Short Breakout
L5 6044 Trgt 1
L6 6031 Trgt 2
R3 6175
R2 6144
R1 6117
Avg 6086
S1 6059
S2 6028
S3 6001
Nifty(May Fut)-Trading Strategy
H6 6148 Trgt 2
H5 6135 Trgt 1
H4 6121 Long breakout
H3 6105 Go Short
H2 6100
H1 6095
L1 6084
L2 6079
L3 6074 Long
L4 6058 Short Breakout
L5 6044 Trgt 1
L6 6031 Trgt 2
Subscribe to:
Posts (Atom)