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which is updating Nifty & Indian Stock Markets
"Daily and Weekly accurate Outlooks" 
with "Intraday Charts Analysis"for the 
last more than "14 years" means from "2010"
For its live Proofs just see "Archive"
in the "bottom of this Website".

Technical Analysis and Market Outlook(11-10-2013)

Nifty-Intra Day Chart (10-Oct-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- All up moves from lower levels in Bearish Rising Channel
2- Higher levels selling patterns formations.
3- Whole day actual trading between 5979-6031

Conclusions from intra day chart analysis 

Whole day sideways trading with Bearish Rising Channel formations and higher levels selling patterns formations also therefore emergence of distribution(selling) process. Although closing at higher levels of the day today but down moves possibilities turned alive after completion of distribution. 

Nifty Spot-Levels & Trading Strategy for 11-10-2013

Nifty Spot-Levels

R3 6096
R2 6064
R1 6042
Avg 6010
S1 5988
S2 5956
S3 5934

Nifty Spot-Trading Strategy

H6 6074     Trgt 2
H5 6062     Trgt 1
H4 6049     Long breakout
H3 6034     Go Short
H2 6029
H1 6024
L1 6015
L2 6010
L3 6005     Long
L4 5990     Short Breakout
L5 5977     Trgt 1
L6 5965     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2013

Nifty(Oct Fut)-Levels

R3 6154
R2 6113
R1 6086
Avg 6045
S1 6018
S2 5977
S3 5950

Nifty(Oct Fut)-Trading Strategy

H6 6127     Trgt 2
H5 6112     Trgt 1
H4 6096     Long breakout
H3 6077     Go Short
H2 6071
H1 6065
L1 6052
L2 6046
L3 6040     Long
L4 6021     Short Breakout
L5 6006     Trgt 1
L6 5990     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 11-10-2013

Bank Nifty(Oct Fut)-Levels

R3 10636
R2 10537
R1 10450
Avg 10351
S1 10264
S2 10165
S3 10078

Bank Nifty(Oct Fut)-Trading Strategy

H6 10551     Trgt 2
H5 10508     Trgt 1
H4 10465     Long breakout
H3 10414     Go Short
H2 10397
H1 10380
L1 10345
L2 10328
L3 10311     Long
L4 10260     Short Breakout
L5 10217     Trgt 1
L6 10175.     Trgt 2

Mid-session Outlook-2 (10-10-2013)

Whole day sideways trading with higher levels selling patterns formations.

Mid-session Outlook(10-10-2013)

Following lines were told in previous Outlook yesterday:-

1- we are expecting some intraday correction tomorrow
2- next moves confirmation through sustaining beyond 5981

Correction seen after higher levels selling between 6005-5019 and some recovery also seen after getting supports at 5979.80.  

As both selling and support in first 3 hours today therefore firstly valid break out of 8980-6019 should be watched for next immediate moves confirmations. 

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

Nifty-Intra Day Chart (09-Oct-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Whole day up moves in Bearish Rising Channel.
2- Whole day actual trading between 5878-6015

Conclusions from intra day chart analysis 

Although gap down opening but closing at the highest level of the day with good 1.33% gains and closing above 20 sessions most time trading range(5737-5981) therefore emergence of next big up trend first indication but sustaining above 5981 is must for valid break out. 

As Whole day up moves were in Bearish Rising Channel today therefore strong intraday up moves of today may be short covering rally and may fizzle out also.

Although whole sentiment is Bullish today but we are expecting some intraday correction tomorrow and telling for next moves confirmation through sustaining beyond 5981.

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

Nifty Spot-Levels

R3 6193
R2 6104
R1 6055
Avg 5966
S1 5917
S2 5828
S3 5779

Nifty Spot-Trading Strategy

H6 6148     Trgt 2
H5 6115     Trgt 1
H4 6082     Long breakout
H3 6044     Go Short
H2 6032
H1 6019
L1 5994
L2 5981
L3 5969     Long
L4 5931     Short Breakout
L5 5898     Trgt 1
L6 5865     Trgt 2

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

Nifty(Oct Fut)-Levels

R3 6253
R2 6155
R1 6101
Avg 6003
S1 5949
S2 5851
S3 5797

Nifty(Oct Fut)-Trading Strategy

H6 6203     Trgt 2
H5 6167     Trgt 1
H4 6131     Long breakout
H3 6089     Go Short
H2 6075
H1 6061
L1 6034
L2 6020
L3 6006     Long
L4 5964     Short Breakout
L5 5928     Trgt 1
L6 5892     Trgt 2

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

Bank Nifty(Oct Fut)-Levels

R3 10967
R2 10694
R1 10547
Avg 10274
S1 10127
S2 9854
S3 9707

Bank Nifty(Oct Fut)-Trading Strategy

H6  10836    Trgt 2
H5  10733    Trgt 1
H4  10631    Long breakout
H3  10515    Go Short
H2  10477
H1  10438
L1  10361
L2  10323
L3  10284    Long
L4  10169    Short Breakout
L5  10066    Trgt 1
L6   9963   Trgt 2

Mid-session Outlook(09-10-2013)

Although Indian markets closed at the lowest of the day yesterday but down moves were in Bullish Falling channel with lower levels supports also therefore following line was told in both previous Outlooks yesterday:-

"rally continuation hopes are still alive"

Huge gap down opening after most depressing global cues today but strong recovery from lower levels and now Nifty is trading 27 points up after 51 points down trading.

Only news based intraday volatility without too much technical positions formations will be understood at present. Some selling and buying seen in both previous sessions between 5826-5981 therefore sustaining beyond this range should be watched for next Long Term Trend first strong indication. 

Technical Analysis and Market Outlook(09-10-2013)

Nifty-Intra Day Chart (08-Oct-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 5955-5981
2- Down moves in Bullish Falling channel
3- Multiple supports at lower levels.
4- Whole day actual trading between 5913-5981

Conclusions from intra day chart analysis 

Although strong gap up opening after MSF rate cut news but not sustaining at higher levels because selling between 5955-5981. As today down moves in Bullish Falling channel and supports at lower levels also therefore rally continuation hopes are still alive because lower levels good supports seen yesterday.

News based 2 volatile sessions with lower levels supports yesterday and closing near higher levels amid most depressing Global markets but on the contrary higher levels selling today and closing near lower levels after positive news of MSF rates cut. Last 2 sessions moves are clear from last 2 sessions following chart:-

Nifty-Intra Day Chart (Oct 07 & Oct 08,2013):-
Just click on chart for its enlarged view
News based 2 volatile sessions with lower levels supports yesterday and higher levels selling today therefore Nifty will trade within 2 sessions range(5826-5981) as well as prepare for valid break out 2 sessions range.

20 Sessions sideways market between 5701-6142 and both Long Term Trend decider 200 Day SMA and 200 Day EMA are lying within this range,it is confirm that sustaining beyond this range will give very big moves in Indian markets. As  most time trading between 5737-5981 therefore its valid break out will be next big trend first indication.

Nifty Spot-Levels & Trading Strategy for 09-10-2013

Nifty Spot-Levels

R3 6036
R2 6008
R1 5968
Avg 5940
S1 5900
S2 5872
S3 5832

Nifty Spot-Trading Strategy

H6 5996     Trgt 2
H5 5980     Trgt 1
H4 5965     Long breakout
H3 5946     Go Short
H2 5940
H1 5934
L1 5921
L2 5915
L3 5909     Long
L4 5890     Short Breakout
L5 5875     Trgt 1
L6 5859     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 09-10-2013

Nifty(Oct Fut)-Levels

R3 6082
R2 6051
R1 6005
Avg 5974
S1 5928
S2 5897
S3 5851

Nifty(Oct Fut)-Trading Strategy

H6 6036     Trgt 2
H5 6018     Trgt 1
H4 6001     Long breakout
H3 5980     Go Short
H2 5973
H1 5966
L1 5951
L2 5944
L3 5937     Long
L4 5916     Short Breakout
L5 5899     Trgt 1
L6 5881     Trgt 2

Bank Nifty(Oct Fut)-Levels & Trading Strategy for 09-10-2013

Bank Nifty(Oct Fut)-Levels

R3 10814
R2 10672
R1 10434
Avg 10292
S1 10054
S2 9912
S3 9674

Bank Nifty(Oct Fut)-Trading Strategy

H6 10578     Trgt 2
H5 10492     Trgt 1
H4 10406     Long breakout
H3 10301     Go Short
H2 10266
H1 10231
L1 10162
L2 10127
L3 10092     Long
L4  9988    Short Breakout
L5  9901    Trgt 1
L6  9815    Trgt 2

Pre-closing Outlook(08-10-2013)

Although some selling at higher levels but today down moves are in Bullish Falling channel with lower levels supports above 5914 therefore rally continuation hopes are still alive despite loosing most intraday gains.

Mid-session Outlook-2(08-10-2013)

20 Sessions sideways market between 5701-6142 and both Long Term Trend decider 200 Day SMA and 200 Day EMA are lying within this range,it is confirm that sustaining beyond this range will give very big moves in Indian markets. As  most time trading between 5737-5950 therefore its valid break out will be next trend first indication.

News based 2 volatile sessions with lower levels supports yesterday and higher levels selling today therefore Nifty will trade within 2 sessions range as well as prepare some more tome for valid break out 2 sessions range(5826-5981).

Mid-session Outlook(08-10-2013)

Although strong gap up opening after MSF rate cut news but not sustaining at higher levels and slipped below resistance(5950). Completely news led volatile markets because Indian markets strongly recovered from lower levels yesterday despite most depressing Global markets. As previous resistance was at 5950 and Nifty is hovering around it for the last 1 hour therefore sustaining beyond it should be firstly watched for Wave-3 beginning confirmations because lower levels buying yesterday and higher levels selling patterns also seen today.

Technical Analysis and Market Outlook(08-10-2013)

Nifty-Intra Day Chart (07-Oct-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Support between 5826-5850
2- Strong recovery after lower levels support.
2- Whole day actual trading between 5826-5910

Conclusions from intra day chart analysis 

As following depressing news flow therefore most time negaive zone traing after fast slipping immediately after opening:-

1- US Futures were in deep Red whole day.
2- All Asian markets closed in Ted after most time negative zone trading and some closed sufficiently down.
3- All European traded in Deep Red after gap down opening during Indian markets trading hour.

Sentiment was completely depressed whole day but strong recovery from lower levels despite higher levels some selling last Friday because following positive news was in the pipe line which came out after closing of yesterday market:-


(Just click above topic link for detailed news)

As strength shown and strong recovery from lower levels amid most negative Global markets as well as good news yesterday therefore some up moves will be seen today. Next resistance is at 5950 and sustaining above it will mean high possibility of Wave-3 rally after completion of Wave-2 correction.

Nifty Spot-Levels & Trading Strategy for 08-10-2013

Nifty Spot-Levels

R3 6024
R2 5968
R1 5937
Avg 5881
S1 5850
S2 5794
S3 5763

Nifty Spot-Trading Strategy

H6 5994     Trgt 2
H5 5974     Trgt 1
H4 5953     Long breakout
H3 5929     Go Short
H2 5921
H1 5913
L1 5898
L2 5890
L3 5882     Long
L4 5858     Short Breakout
L5 5837     Trgt 1
L6 5817     Trgt 2

Nifty(Oct Fut)-Levels & Trading Strategy for 08-10-2013

Nifty(Oct Fut)-Levels

R3 6069
R2 6009
R1 5976
Avg 5916
S1 5883
S2 5823
S3 5790

Nifty(Oct Fut)-Trading Strategy

H6 6037     Trgt 2
H5 6015     Trgt 1
H4 5994     Long breakout
H3 5968     Go Short
H2 5960
H1 5951
L1 5934
L2 5925
L3 5917     Long
L4 5891     Short Breakout
L5 5870     Trgt 1
L6 5848     Trgt 2