Technical Analysis and Market Outlook(10-07-2013)

Nifty-Intra Day Chart (09-Jul-2013):-

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Technical Patterns and Formations in today intraday charts

1- Both buying and selling indications.
2- Whole day intraday pattern is showing selling patterns formations.
3- Whole day actual trading between 5835-5864

Conclusions from intra day chart analysis

Whole day sideways trading between 5835-5864 with both buying and selling indications but whole day intraday pattern is showing selling patterns formations therefore expected that Nifty will not sustain above yesterday highest(5864) and will finally slip 5864 and correction will remain continued in the coming couple of sessions. 

FII Trading Data in Derivatives Segment on 09-Jul-2013

FII & DII trading activity in Capital Market Segment on 09-Jul-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 09-Jul-2013 2603.01 2437.41 165.6

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 09-Jul-2013 1070.75 1032.92 37.83

Nifty Spot-Levels & Trading Strategy for 10-07-2013

Nifty Spot-Levels

R3 5900
R2 5882
R1 5870
Avg 5852
S1 5840
S2 5822
S3 5810

Nifty Spot-Trading Strategy

H6  5889    Trgt 2
H5  5882    Trgt 1
H4  5875    Long breakout
H3  5867    Go Short
H2  5864
H1  5861
L1  5856
L2  5853
L3  5850    Long
L4  5842    Short Breakout
L5  5835    Trgt 1
L6  5828    Trgt 2

Nifty(Jul Fut)-Levels & Trading Strategy for 10-07-2013

Nifty(Jul Fut)-Levels

R3 5916
R2 5896
R1 5882
Avg 5862
S1 5848
S2 5828
S3 5814

Nifty(Jul Fut)-Trading Strategy

H6 5902     Trgt 2
H5 5894     Trgt 1
H4 5886     Long breakout
H3 5877     Go Short
H2 5874
H1 5871
L1 5864
L2 5861
L3 5858     Long
L4 5849     Short Breakout
L5 5841     Trgt 1
L6 5833     Trgt 2

Bank Nifty(Jul Fut)-Levels & Trading Strategy for 10-07-2013

Bank Nifty(Jul Fut)-Levels

R3 11634
R2 11567
R1 11524
Avg 11457
S1 11414
S2 11347
S3 11304

Bank Nifty(Jul Fut)-Trading Strategy

H6  11592    Trgt 2
H5  11567    Trgt 1
H4  11542    Long breakout
H3  11512    Go Short
H2  11502
H1  11492
L1  11471
L2  11461
L3  11451    Long
L4  11421    Short Breakout
L5  11396    Trgt 1
L6  11371    Trgt 2

Pre-Closing Outlook(09-07-2013)

Whole day sideways trading between 5835-5864 which is just below next resistance range(5873-5900). As both buying and selling indications seen today therefore no confirmation yet and it will be safer to get confirmations through valid break out of 5775-5900.

Mid-session Outlook-3(09-07-2013)

When Indian markets were continuously slipping and trading near the lowest of the today then we were not Bearish and clearly told following lines in both previous Outlooks:-

1- now trading near the lowest levels of today but no as such selling patterns in intraday charts of today
2- slipping from higher levels after gap up opening but no as such selling patterns formations

As no clear selling pattern formation therefore now Nifty is trading near the top of today after emergence of consolidation indications also therefore firstly valid break out of 5775-5900 should be watched for next trend first strong indication.

Mid-session Outlook-2(09-07-2013)

Although continuously slipping from higher levels after gap up opening but no as such selling patterns formations therefore no confirmation yet and firstly valid break out of 5775-5900 should be watched for next trend first strong indication. 

Mid-session Outlook(09-07-2013)

Slipping continuously after gap up opening and now trading near the lowest levels of today but no as such selling patterns in intraday charts of today therefore view is watchful and waiting for clear patterns formations,let it happen then will be updated accordingly. 

Firstly Sideways market and Finally Wave-C correction continuation

Technical Analysis and Market Outlook

(09-07-2013)

Nifty-Intra Day Chart (08-Jul-2013):-

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Technical Patterns and Formations in today intraday charts

1- Support between 5775-5795
2- Up moves with intraday corrections.
3- Whole day actual trading between 5775-5831

Conclusions from intra day chart analysis 

Firstly slipping from higher levels but lower levels supports and up moves with intraday correction therefore possibility of some up moves in the coming session. Next immediate resistances are as follows:-

1- 5831-5843
2- 5873-5900 
3- 5900-5969

Next immediate supports are as follows:-

1- 5775-5810
2- 5762-5781
3- 5566-5650

Corrective Wave-C continuation with lower levels strong supports and higher levels good resistances also therefore following conclusive line was told in Technical Analysis and Market Outlook(04-07-2013) and Technical Analysis and Market Outlook(05-07-2013) and being repeated:-

sideways broader range market between 5762-5969 will be considered

Expected that firstly Nifty trade between 5762-5969 in the coming sessions and prepare for next moves. Follow up selling and sustaining below 5762 will mean sharp fall toward 5566 and its possibility is turning higher now despite recovery from lower levels yesterday because Wave-C correction is continued. 

As busy today therefore next Outlook will be updated tomorrow.

High possibility of Corrective Wave-C continuation

Technical Analysis,Research & Weekly Outlook

(Jul 08 to Jul 12,2013)

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

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Technical Patterns and Formations in today intraday charts

1- Firstly 3 hours selling between 5873-5900 
2- Almost 3 hours trading between 5859-5882 with mixed intraday patterns formations
3- Whole day actual trading between 5859-5900

Conclusions from intra day chart analysis 

As firstly 3 hours selling between 5873-5900 therefore slipping below 5873 and after that almost 3 hours trading between 5859-5882 with mixed intraday patterns formations therefore sustaining beyond 5859-5900 should be firstly watched in the coming sessions for next trend first strong indication.

Nifty-EOD Chart (05-Jul-2013):-

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Technical Patterns and Formations in EOD charts

1- Wave-5 top formation at 6229.45 on 20-05-2013 and 5 waves correction continuation
2- Wave 1(5936.80 on 24-05-2012)
3- Wave 2(6133.75 on 30-05-2012)
4- Wave 3(5683.10 on 13-06-2013)
5- Wave 4(5863.40 on 13-06-2013)
6- Wave-5(5566.25 on 24-06-2013) and corrective Wave-A completion.
7- Strong Pull Back and high formation at 5904.35 on 01-07-2013 and corrective Wave-B completion.
8- Strong resistances between 5900-5969
9- 50% Fibonacci Retracement level at 5897
10- Lower top formation at 5900.45 on 05-07-2013 

Conclusions (After Putting All Indicators Together)

Strong resistances were between 5900-5969(updated many times in previous week) and high formation at 5904.35 on 01-07-2013 in previous week as well as market could not sustain at higher levels after selling development. Although some recovery also seen in previous week but higher levels selling again developed between 5873-5900 on 05-07-2013. 

50% Fibonacci Retracement level at 5897 which is just below next strong resistances(5900-5969). As 2 times follow up selling just below both crucial levels therefore high possibility of Corrective Wave-C continuation after Wave-B completion in previous week. 

Certainly Long Term Trend is at stake therefore firstly sustaining beyond 200-Day EMA(today at 5765) should be firstly watched in the coming week. It should be mind that once Corrective Wave-C continuation confirmation will mean much deeper correction and sustaining beyond following supports should be firstly watched:-

1- 5787-5810
2- 5762-5781

Pre-Closing Outlook(05-07-2013)

As firstly 3 hours selling between 5873-5900 therefore slipping below 5873 and after that almost 3 hours trading between 5859-5882 with mixed intraday patterns formations therefore sustaining beyond 5859-5900 should be firstly watched in the coming sessions for next trend first strong indication.

Mid-session Outlook(05-07-2013)

Following 2 resistance range was updated in previous Outlook:-

1- 5880-5893
2- 5900-5969

Nifty traded most time within above mentioned 1st resistance range and actually traded between 5873-5900 today with intraday higher levels selling signals. Firstly sustaining beyond today trading range and finally sustaining beyond 5873-5969 should be watched for next big trend confirmations.

 Firstly sustaining beyond 5873-5900 should be watched for next moves first strong signal  confirmation.

Technical Analysis and Market Outlook(05-07-2013)

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

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Technical Patterns and Formations in today intraday charts

1- Buying between 5787-5810
2- Selling between 5831-5843 
3- High volatility in last more than 2 hours 
3- Whole day actual trading between 5787-5846

Conclusions from intra day chart analysis 

Firstly lower levels consolidations but higher levels good selling and High volatility in last more than 2 hours because Indian Rupee was also highly volatile during that period  

USDINR-Intra Day Chart (04-Jul-2013):-

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It is clear from both above intraday charts that as soon as Indian Rupee weakened then Nifty slipped sharply and when Indian Rupee strengthened then immediately Nifty moved up also.

As high volatility yesterday and technical positions reverses during such high volatility as well as both lower levels consolidations and higher levels selling therefore Indian markets are not prepared for any side decisive moves and follow up moves with following trading ranges valid break out should be firstly watched in the coming sessions for next trend confirmations.

1- 5787-5846
2- 5762-5893
3- 5762-5969

Immediate resistances are as follows:-

1- 5831-5843
2- 5880-5893
3- 5900-5969

Immediate supports are as follows:-

1- 5787-5810
2- 5762-5781

Following conclusive line was told on 03-07-2013 in Technical Analysis and Market Outlook(04-07-2013) and being repeated:-

bounce back,Pull Back rally or sideways broader range market between 5762-5969 will be considered after sustaining above 5781.

Pre-open Outlook(05-07-2013)

Bounce back seen yesterday and trading near higher levels of mentioned sideways broader range will be seen today after gap up opening but strong resistances are between 5900-5969 and complete consolidation is required for sustaining above 5969. Let markets prepare for next decisive trend within broader range then will be updated according to intraday charts formations in the coming sessions.

Technical Analysis and Market Outlook(04-07-2013) with immediate supports,resistances and next trend confirmation levels will be updated before 10:00 AM today

Live Proofs of Profits and the Best as well as Profitable Services of Indian Stock Markets

Although US Futures was more than 100 points down and Indian markets were closed near the lowest of the day yesterday but we were not Bearish and Bounce back/Pull back possibility was told in previous Outlooks as well as we sent Nifty-Jul Fut Intraday buying call to our paid clients. Call,complete guidance and Profit booking messages are as follows:- 

Live Proofs of Buying Near Lower levels and Selling near Higher Levels

1- At 09:42 AM- NIFTY-Jul Fut-Buy(Intraday)-SL-5784 & TGT-5834-CMP-5801(Lalit39)
2- At 10:03 AM- NIFTY-Jul Fut-(Intraday Buying on 04-07-2013)-May be volatile therefore just cover after my covering message(Lalit39)
3- At 11:35 AM- Nifty-(Intraday Bought on 04-07-2013)-No covering at target and just wait for my covering message(Lalit39)
4- At 11:54 AM- NIFTY-Jul Fut-(Intraday Bought on 04-07-2013)-Cover and book profit immediately-CMP-5840(Lalit39)

1st Website- NIFTY-Jun Call Option(5800)-Buying messages SMS pictures is as follows:-

Just click on above picture for enlarged view of SMS sent to paid clients

2nd Website- NIFTY-Jun Call Option(5800)-Buying messages SMS pictures is as follows:-

Just click on above picture for enlarged view of SMS sent to paid clients

If unable to read  text in above picture then:-

1- Firstly click on above SMS picture and enlarge it.
2- Save picture on yours desktop.
3- Open and again enlarge the picture in Windows Picture Viewer.

Only 2 following information are deleted in above Picture due to official secrecy rules:-

1- Numbers of sent SMS.
2- SMS sending Website name.

We always talk with only those proofs which no one can deny therefore live proofs have been updated and even though if anyone has any doubt then may call us and then he will be given the Mobile Numbers of those who enjoyed profits from any part in India.

Mid-session Outlook(04-07-2013)

Firstly good consolidations yesterday and after that lower levels consolidations also today therefore bounce back from lower levels seen today but mixed patterns formations for the last more than 1 hour therefore firstly sustaining beyond 5788-5843 should be watched now for next immediate move confirmations. 

Other crucial levels have already been updated in previous Outlooks for final trend confirmations.

Post-open Outlook(04-07-2013)

As intraday charts showed consolidation patterns yesterday therefore we did not posted bearish views in both previous Outlooks and discussed up moves possibilities. Next resistances are as follows:-

1-5880-5893 
2-5900-5969

Bounce back/Pull back was expected and being seen today,now sideways market between following ranges will be seen:-

1-5762-5893(firstly will be seen)
2-5762-5969(if sustains above 5893)

Technical Analysis and Market Outlook(04-07-2013)

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

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Technical Patterns and Formations in today intraday charts

1- More than 3 hours sideways trading between 5762-5781 with lower levels consolidation patterns
2- Whole day actual trading between 5762-5807

Conclusions from intra day chart analysis 

Firstly down moves after gap down opening but last more than 3 hours sideways trading between with lower levels consolidation patterns. Valid break out of 5762-5781 should be firstly watched tomorrow and until Nifty will not sustain below today lowest till then immediate down moves will not be considered and bounce back,Pull Back rally or sideways broader range market between 5762-5969 will be considered after sustaining above 5781.

Global markets tumbled today,Crude prices are surging,Political uncertainty in Egypt and Indian Ruppee is weakening therefore sentiment is depressed but lower levels consolidations today therefore firstly follow up moves and finally sustaining beyond 5762-5781 should be watched tomorrow for immediate next moves confirmations.