ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Technical Analysis and Market Outlook(22-10-2014)
Nifty-Intra Day Chart (21-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 7875-7900
2- Consolidation between 7906-7919
3- Whole day actual trading between 7875-7936
As lower levels good consolidations yesterday and today all the Global markets re blasting therefore rally continuation after gap up opening today but when Indian markets were crashing in previous week then we told again and again for confirmation requirement of deeper correction and told following lines on 19-10-2014 in Technical Analysis and Market Outlook(20-10-2014):-
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1- Consolidation between 7875-7900
2- Consolidation between 7906-7919
3- Whole day actual trading between 7875-7936
Conclusions from intra day chart analysis
As lower levels good consolidations yesterday and today all the Global markets re blasting therefore rally continuation after gap up opening today but when Indian markets were crashing in previous week then we told again and again for confirmation requirement of deeper correction and told following lines on 19-10-2014 in Technical Analysis and Market Outlook(20-10-2014):-
As Bullish Flag formation seen in last 25 sessions correction therefore deeper correction is not expected and once confirmation of sustaining above 7796/7724 will be a strong indication of fresh strong rally above all time high.
Technical Analysis and Market Outlook(21-10-2014)
Nifty-Intra Day Chart (20-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Selling between 7894-7905
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 7857-7905
Although sharp down moves in previous week and crucial supports were also broken down but we told again and again for the requirement of broken down confirmation in all the Outlooks of previous week. As consolidation patterns were seen last Friday therefore strong rally possibility was also told yesterday and Nifty closed 1.28% up today.
Although firstly selling after huge gap up opening today but down moves in Bullish Falling Channel formation also seen therefore today started rally continuation hopes are alive because following multiple Supports below today lowest:-
1- 7816-7846
2- 7796-7827
3- 7724-7764
As following resistances are also lying at higher levels therefore follow up consolidation is must for rally continuation:-
1- 7900-7937
2- 7955-7972
3- 8012-8030
Last 14 sessions sideways trading between 7724-8030 with above above supports/resistances therefore Nifty will trade and prepare for next decisive moves within this range in the coming sessions. Sustaining below 7724 will be deeper correction confirmation and sustaining above 8030 will be strong indication of fresh rally after correction completion.
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1- Selling between 7894-7905
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 7857-7905
Conclusions from intra day chart analysis
Although sharp down moves in previous week and crucial supports were also broken down but we told again and again for the requirement of broken down confirmation in all the Outlooks of previous week. As consolidation patterns were seen last Friday therefore strong rally possibility was also told yesterday and Nifty closed 1.28% up today.
Although firstly selling after huge gap up opening today but down moves in Bullish Falling Channel formation also seen therefore today started rally continuation hopes are alive because following multiple Supports below today lowest:-
1- 7816-7846
2- 7796-7827
3- 7724-7764
As following resistances are also lying at higher levels therefore follow up consolidation is must for rally continuation:-
1- 7900-7937
2- 7955-7972
3- 8012-8030
Last 14 sessions sideways trading between 7724-8030 with above above supports/resistances therefore Nifty will trade and prepare for next decisive moves within this range in the coming sessions. Sustaining below 7724 will be deeper correction confirmation and sustaining above 8030 will be strong indication of fresh rally after correction completion.
As Bullish Flag formation in last 26 sessions correction on EOD charts and lower levels supports were also seen in previous sessions therefore deeper correction is not expected and strong indication of fresh strong rally above all time high after consolidation/supports confirmations above 7724.
Technical Analysis and Market Outlook(20-10-2014)
Nifty-Intra Day Chart (17-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Down moves in Bullish Falling Channel
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 7724-7819
Conclusions from intra day chart analysis
Although recovery from lower levels after consolidation patterns formations but selling patterns also seen at higher levels therefore mixed patterns formations and follow up trading positions will decide next decisive moves and should be firstly watched in next week for next decisive moves.
13 Sessions range(7796-8030) broken down forcefully on 16-10-2014 but sustaining below 7796 is must for deeper correction confirmation towards 200 Day EMA(today at 7253) but consolidation seen above 7724 therefore sustaining below 7796/7724 should be firstly watched in next week for deeper correction confirmation or its completion.
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1- Down moves in Bullish Falling Channel
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 7724-7819
Conclusions from intra day chart analysis
Although recovery from lower levels after consolidation patterns formations but selling patterns also seen at higher levels therefore mixed patterns formations and follow up trading positions will decide next decisive moves and should be firstly watched in next week for next decisive moves.
13 Sessions range(7796-8030) broken down forcefully on 16-10-2014 but sustaining below 7796 is must for deeper correction confirmation towards 200 Day EMA(today at 7253) but consolidation seen above 7724 therefore sustaining below 7796/7724 should be firstly watched in next week for deeper correction confirmation or its completion.
As Bullish Flag formation seen in last 25 sessions correction therefore deeper correction is not expected and once confirmation of sustaining above 7796/7724 will be a strong indication of fresh strong rally above all time high.
Pre-closing Outlook(17-10-2014)
Although 13 Sessions range(7796-8030) broken down forcefully yesterday but confirmation was required through sustaining below 7796 therefore its requirement was updated in previous Outlook yesterday. Nifty traded most time below 7796 and consolidated at lower levels today as well as moved above 7796. Correction continuation and till now no confirmation of its completion. Deeper correction possibility is still alive through sustaining below 7796/7724(today lowest) and sustaining beyond these 2 levels should be firstly watched in next week for deeper correction confirmation or its completion..
Technical Analysis and Market Outlook(17-10-2014)
Nifty-Intra Day Chart (16-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Selling between 7827-7893
2- Sharp down in last hour
3- Whole day actual trading between 7730-7893-
Firstly more than 5 hours selling and after last 13 sessions range(7796-8030) broken down forcefully as well as given strong signal of deeper correction towards 200 Day EMA(today at 7248). As today last hour sharp down moves were the impact of deep Red European markets and more than 90 points down Dow's Futures therefore breaking down confirmation of 7796 is still left through sustaining below it.
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1- Selling between 7827-7893
2- Sharp down in last hour
3- Whole day actual trading between 7730-7893-
Conclusions from intra day chart analysis
Firstly more than 5 hours selling and after last 13 sessions range(7796-8030) broken down forcefully as well as given strong signal of deeper correction towards 200 Day EMA(today at 7248). As today last hour sharp down moves were the impact of deep Red European markets and more than 90 points down Dow's Futures therefore breaking down confirmation of 7796 is still left through sustaining below it.
Correction is on and deeper correction confirmation is still left through sustaining below 7796 and it should be firstly watched tomorrow.
Mid-session Outlook(16-10-2014)
Although huge fall in Global markets but Indian markets out performed therefore firstly some up moves with positive zone trading seen immediately after opening. As some selling was also seen therefore Nifty could not sustain and slipped into negative zone but lower levels minor support also seen above 7818 today. Following conclusive lines have been posted in previous Outlooks and being repeated:-
sideways trading between 7796-8030 and Nifty will prepare for next trend within and near about this range in the coming sessions and valid break out of this range will decide next big moves confirmation.
Post-open Outlook(16-10-2014)
Although huge fall in Global markets but Indian markets out performed and Nifty is now trading only 20 points down therefore it is a positive indication and firstly sustaining beyond 7796 should be watched today for next big moves confirmations.
Pre-open Outlook(16-10-2014)
All the Asian markets are in deep Red after huge fall in US and European markets yesterday therefore Indian markets will react it through gap down opening today. Short Term Correction continuation and sideways trading between 7796-8030 from last 12 Sessions and sustaining below 7796 should be firstly watched today for next big moves confirmations.
Technical Analysis and Market Outlook(16-10-2014)
Nifty-Intra Day Chart (14-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 7826-7856
2- Up moves in Broadening pattern with intraday correction
3- Whole day actual trading between 7826-7928
Short Term Correction continuation from 08-09-2014 with last 12 Sessions sideways trading between 7796-8030. As lower levels good supports and higher levels good selling also therefore expected that Nifty will trade and prepare for next trend within and near about this range in the coming sessions and valid break out of this range will decide next big moves
As up moves in Broadening pattern with intraday correction after lower levels consolidation on 14-10-2014 therefore emergence of up moves indications towards 8030 in the coming sessions.
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1- Consolidation between 7826-7856
2- Up moves in Broadening pattern with intraday correction
3- Whole day actual trading between 7826-7928
Conclusions from intra day chart analysis
Short Term Correction continuation from 08-09-2014 with last 12 Sessions sideways trading between 7796-8030. As lower levels good supports and higher levels good selling also therefore expected that Nifty will trade and prepare for next trend within and near about this range in the coming sessions and valid break out of this range will decide next big moves
As up moves in Broadening pattern with intraday correction after lower levels consolidation on 14-10-2014 therefore emergence of up moves indications towards 8030 in the coming sessions.
Pre-closing Outlook(14-10-2014)
As follow op consolidation today and lower levels supports yesterday therefore emergence of up moves indications up to 8030 in the coming sessions.
Mid-session Outlook(14-10-2014)
Following lines were told yesterday in Technical Analysis,Research & Weekly Outlook(Oct 13 to Oct 17,2014)
As most depressing Global markets yesterday therefore Nifty slipped below 7818 but could not sustain and recovered and today trading within last 10 Sessions trading range. Markets start decisive moves after complete technical positions formation and till then remain sideways as well as prepare for next trend. Finally sustaing beyond last 11 Sessions trading range(7796-8030) will be next big trend confirmation/strong indication and should be watched now.
Nifty will prepare for next big moves within and near about this range for next decisive moves and sustaining beyond last 10 Sessions trading range(7818-8030) should be firstly watched in the coming week
As most depressing Global markets yesterday therefore Nifty slipped below 7818 but could not sustain and recovered and today trading within last 10 Sessions trading range. Markets start decisive moves after complete technical positions formation and till then remain sideways as well as prepare for next trend. Finally sustaing beyond last 11 Sessions trading range(7796-8030) will be next big trend confirmation/strong indication and should be watched now.
Let market prepare then will be updated from intraday charts analysis in the same manner as being done for the last more than 4 years.
Pre-closing Outlook(13-10-2014)
Although crashing like Global cues and Indian markets traded in deep Red also after Gap down opening but we were not Bearish therefore we told following line in previous Outlook at 09:53 AM today:-
Nifty could not sustain below 7818 and recovered strongly from lower levels as well as gained more than 100 points from today lowest.
last 10 sessions range breaking down confirmation is must through sustaining below 7818
Nifty could not sustain below 7818 and recovered strongly from lower levels as well as gained more than 100 points from today lowest.
Today intraday rally is only a Pull Back rally and still Nifty is will be understood sideways between 7796-8030,finally sustaining it beyond should be watched in the coming sessions for next big moves confirmations.
Post-open Outlook(13-10-2014)
As depressing Asian markets therefore gap down opening and trading below the lowest of last 10 sessions range(7818). As today weak markets are due to crashing like Global cues therefore last 10 sessions range breaking down confirmation is must through sustaining below 7818 for deeper correction towards 200 Day EMA(today at 7230
Technical Analysis,Research & Weekly Outlook(Oct 13 to Oct 17,2014)
Nifty-Intra Day Chart (Sep 24 to Oct 10,2014):-
Technical Patterns and Formations in last 10 Sessions intraday charts
1- 10 Sessions actual trading between 7818-8030
2- Lower levels supports
3- Higher levels resistances.
Conclusions from 10 Sessions intra day chart analysis
10 Sessions trading between 7818-8030 with following supports and resistances;-
1- Supports between 7842-7910
2- Supports between 7818-7850
1- Resistances between 8008-8030
2- Resistances between 7975-7991
3- Resistances between 7955-7972
Although Nifty closed within 1st supports range but both higher levels selling and lower levels buying seen in last 10 sessions therefore Nifty will prepare for next big moves within and near about this range for next decisive moves and sustaining beyond last 10 Sessions trading range(7818-8030) should be firstly watched in the coming week for next big trend confirmations.
Nifty-Intra Day Chart (10-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Whole day high Volitility.
2- Up moves in Bearish Rising Channel
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 7848-7924
Conclusions from intra day chart analysis
Whole day both Bullish and Bearish patterns formations with no specific position formations therefore valid break out of today trading range should be watched because technical positions reverses in whole day such high volatility which was seen on 10-10-2014
Short Term Correction continuation since 08-09-2014 but last 10 Sessions sideways trading between 7818-8030 and valid break out of this range will decide the fate of on going correction. Sustaining below 7818 will mean Intermediate Term Trend turning down confirmation and that will mean deeper correction towards 200 Day EMA(today at 7230). Sustaining above 8030 will be 1st strong indication of correction completion.
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1- 10 Sessions actual trading between 7818-8030
2- Lower levels supports
3- Higher levels resistances.
Conclusions from 10 Sessions intra day chart analysis
10 Sessions trading between 7818-8030 with following supports and resistances;-
1- Supports between 7842-7910
2- Supports between 7818-7850
1- Resistances between 8008-8030
2- Resistances between 7975-7991
3- Resistances between 7955-7972
Although Nifty closed within 1st supports range but both higher levels selling and lower levels buying seen in last 10 sessions therefore Nifty will prepare for next big moves within and near about this range for next decisive moves and sustaining beyond last 10 Sessions trading range(7818-8030) should be firstly watched in the coming week for next big trend confirmations.
Nifty-Intra Day Chart (10-Oct-2014):-
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1- Whole day high Volitility.
2- Up moves in Bearish Rising Channel
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 7848-7924
Conclusions from intra day chart analysis
Whole day both Bullish and Bearish patterns formations with no specific position formations therefore valid break out of today trading range should be watched because technical positions reverses in whole day such high volatility which was seen on 10-10-2014
Conclusions (After Putting All Studies Together)
Short Term Correction continuation since 08-09-2014 but last 10 Sessions sideways trading between 7818-8030 and valid break out of this range will decide the fate of on going correction. Sustaining below 7818 will mean Intermediate Term Trend turning down confirmation and that will mean deeper correction towards 200 Day EMA(today at 7230). Sustaining above 8030 will be 1st strong indication of correction completion.
Finally sustaining beyond 7817-8030 should be watched in next week for next big moves confirmations..
Technical Analysis and Market Outlook(10-10-2014)
Nifty-Intra Day Chart (09-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 7887-7926
2- Selling between 7955-7972 in last more than 1 hour.
3- Whole day actual trading between 7887-7972
Nifty closed at 7960.55 after gaining 117 points today but when Nifty was trading in Red then following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)
When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-
Following resistances ranges were updated today at 09:22 AM in Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels:-
1- 7975-7991
2- 8008-8030
Whole day today trading just below the lowest of above mentioned resistance ranges between 7887-7972 with lower levels good consolidation but higher levels selling also between 7955-7972. As today selling was just below resistances therefore firstly complete consolidation is required for sustaining above today highest(7972) and above resistances up to 8030.
Expected that Nifty will firstly trade between today trading range and prepare for next trend as well as valid break out of today trading range(7887-7972) will be next trend 1st indication. Nifty will remain sideways between 7817-8030 in the coming few sessions and prepare for next big trend as well as valid break out of this range will be strong indication of next big moves.
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1- Consolidation between 7887-7926
2- Selling between 7955-7972 in last more than 1 hour.
3- Whole day actual trading between 7887-7972
Conclusions from intra day chart analysis
Nifty closed at 7960.55 after gaining 117 points today but when Nifty was trading in Red then following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)
emergence of Pull Back rally expectation above today highest(7869)
When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-
emergence of Pull Back rally possibility above today highest(7869).
Following resistances ranges were updated today at 09:22 AM in Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels:-
1- 7975-7991
2- 8008-8030
Whole day today trading just below the lowest of above mentioned resistance ranges between 7887-7972 with lower levels good consolidation but higher levels selling also between 7955-7972. As today selling was just below resistances therefore firstly complete consolidation is required for sustaining above today highest(7972) and above resistances up to 8030.
Expected that Nifty will firstly trade between today trading range and prepare for next trend as well as valid break out of today trading range(7887-7972) will be next trend 1st indication. Nifty will remain sideways between 7817-8030 in the coming few sessions and prepare for next big trend as well as valid break out of this range will be strong indication of next big moves.
Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels
Proofs of 100% Accurate Predictions
When all the Global markets were in deep Red and Indian markets were down then we told following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)
emergence of Pull Back rally expectation above today highest(7869)
When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-
emergence of Pull Back rally possibility above today highest(7869).
As was told 100% same happened and today highest at 7934 as well as Pull Back Rally is being seen today.
Proofs of 100% Accurate Levels
Importance of 7842 was explained in almost all the previous Outlooks and Nifty could not sustain below it as well as closed exactly at 7,842.70 yesterday
Post-open Outlook(09-10-2014)
Pull Back Rally continuation and next resistances are as follows:-
1- 7975-7991
2- 8008-8030
Sustaining above 8030 will be strong indication of correction completion and should be firstly watched now.
Technical Analysis and Market Outlook(09-10-2014)
Nifty-Intra Day Chart (08-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Down moves in Bullish Falling Channel
2- Lower levels supports
3- Whole day actual trading between 7816-7869
Although gap down opening today after most depressing global cues but Indian markets out performed and remained sideways within 53 points between 7816-7869 with lower levels supports and consolidation patterns formations. Importance of 7842 was explained in almost all the previous Outlooks and Nifty closed exactly at 7,842.70 today therefore on going correction completion hopes are still alive because supports seen below it today.
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1- Down moves in Bullish Falling Channel
2- Lower levels supports
3- Whole day actual trading between 7816-7869
Conclusions from intra day chart analysis
Although gap down opening today after most depressing global cues but Indian markets out performed and remained sideways within 53 points between 7816-7869 with lower levels supports and consolidation patterns formations. Importance of 7842 was explained in almost all the previous Outlooks and Nifty closed exactly at 7,842.70 today therefore on going correction completion hopes are still alive because supports seen below it today.
As lower levels supports with consolidation patterns formations and selling patterns were not seen today therefore emergence of Pull Back rally possibility above today highest(7869).
Mid-session Outlook(08-10-2014)
Sideways trading within 44 points between 7825-7869 with lower levels consolidation and supports but not sustaining at higher levels also despite no selling patterns seen today. As Nifty is out performing Global cues and today intraday patterns are showing consolidation formations therefore emergence of Pull Back rally expectation above today highest(7869).
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