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9.19.2014

As Broadband turned slow in last minutes therefore Pre-closing Outlook(19-09-2014) could be posted at 03:30 PM.today.

Pre-closing Outlook(19-09-2014)

Although Nifty traded most time in positive zone trading When was trading in Green then following line was told in Previous Outlook

last 2 hours intraday charts are showing selling indications

Nifty could not move up and now trading in Red as well as sustaining beyond today trading range should be firstly watched in next week for next trend confirmation 

Mid-session Outlook-2(19-09-2014)

Although most time positive zone trading and now Nifty is still in Green also but last 2 hours intraday charts are showing selling indications 

Mid-session Outlook(19-09-2014)

Following conclusive lines were told yesterday in Technical Analysis and Market Outlook(19-09-2014)

1- some more follow up consolidation is still required within next resistance ranges(8090-8127 and 8140-8170) and 
2- its valid break out above 8170 will mean fresh strong rally after Short Term Correction completion.

Above resistances were updated and more than 3 hours trading within mentioned resistances between 8106-8160 today and preparing for next decisive moves. As intraday patterns have not given any indication yet therefore coming hours trading patterns will be watched than then break out direction will be decided from intraday charts analysis and will be updated accordingly. 

No guessing and never gossiping,whatsoever intraday,Daily,Weekly and Monthly charts suggests only that is updated. As valid break out of 8090-8170 will decide next big moves therefore should also be firstly watched for confirmations.

9.18.2014

Technical Analysis and Market Outlook(19-09-2014)

Nifty-Intra Day Chart (18-Sep-2014):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Whole day strong rally after negative opening
2- Huge 74 points huge jump Jump immediately after opening
3- Up moves with continuous higher levels consolidations.
4- Whole day 180 points sharp rally between 7940-8120

Conclusions from intra day chart analysis 

Although 180 Points strong rally today but when Nifty closed near the lowest of the day on 16-09-2014 then following lines were told in Technical Analysis and Market Outlook(17-09-2014):-

Bullish Falling Wedge pattern formations was also seen in last hour today therefore emergence of Pull Back rally possibility tomorrow

Pull Back rally possibility was told and Nifty closed 43 points up on 17-09-2014

Following lines were told yesterday in Technical Analysis and Market Outlook(18-09-2014):-

1- As most time good consolidations and minor selling in last hour today therefore
2- up moves above today highest(7990) is firstly expected 

As was told 100% same happened today and 7990 was crossed as well as closed 139 points up today

1- In Nifty-Sep Fut- 75 points huge jump from 7986 to 8062 within 2 minutes between 09:37 AM and 09:39 AM 
2-  In Nifty Spot- 74 points huge jump from 7975 to 8049 within 7 minutes between 09:36 AM and 09:43 AM.

Above mentioned fact is well proved from following intraday Charts of today:-

1-Nifty-Sep Fut Intraday Charts of between 09:37 AM and 09:39 AM:-
2-Nifty Spot Intraday Charts of between 09:36 AM and 09:43 AM:-
Next resistances are as follows:-

1- 8090-8127(Nifty closed within this range today)
2- 8140-8170 

Long and Intermediate Term Trends are up and and now Short Term Trend is sideways between 7924-8170 because still higher levels resistances and lower levels supports within this range. Certainly strong rally today and it was expected also because most time good consolidations yesterday and lower levels consolidation pattern formation on 17-09-2014.

As no selling patterns formations and higher levels consolidations today therefore rally continuation is expected in the coming sessions because until complete follow up selling will not develop till then any down move can not be considered. As above mentioned last 2 resistance ranges and Nifty closed within 1st resistance range also today therefore some more follow up consolidation is still required within next resistance ranges(8090-8127 and 8140-8170) and its valid break out above 8170 will mean fresh strong rally after Short Term Correction completion.

Mid-session Outlook(18-09-2014)

Following 4 resistance ranges were posted yesterday in Technical Analysis and Market Outlook(18-09-2014)

1- 8022-8040
2- 8052-8060 
3- 8090-8127
4- 8140-8170 

2 resistances have been crossed and 3rd resistance which is strong also has been tested in blasting rally of today. Long and Intermediate Term Trends are up and and now Short Term Trend is sideways between 7924-8170 because still higher levels resistances and lower levels supports within this range. Certainly strong rally today and it was expected also because most time good consolidations yesterday.

As no selling patterns seen yet and higher levels consolidations also being seen therefore rally continuation is still expected. Until complete follow up selling will not develop till then next down moves will not be considered. Follow up consolidation within next resistance ranges(8090-8127 and 8140-8170) and its valid break out will mean fresh strong rally after Short Term Correction completion.

Post-open Outlook(18-09-2014)

Following conclusive line was told yesterday in Technical Analysis and Market Outlook(18-09-2014):-

up moves above today highest(7990) is firstly expected 


As was told yesterday all that proved 100% accurate today and highest formation at 8051.35 today after strong recovery from lower levels.  

Forceful up moves today and strong indication of correction completion also but multiple resistances up to 8170 therefore further up moves may be slow because fresh consolidation is firstly required for next up moves and same view that still Nifty will be understood side ways between 7924-8170. Let next 1/2 resistances cross then correction completion will be considered because many times Bearish markets remains highly volatile also

FOMC Announcements's reaction on Global Markets Today

Pre-open Outlook(18-09-2014)

As some Asian markets are down and Hang Seng is more than .90% weak therefore sentiment is turning dampened today morning. As Indian markets are in corrective mode and Short Term Trend is down therefore firstly negative zone trading after Red opening will be seen in Indian markets. 

Both buying and selling patterns formation  between 7937-7990 yesterday therefore Nifty will firstly prepare for next trend within this range and sustaining beyond this range will be confirmation of next Short Term Trend confirmation and should be firstly watched today because all the Global markets will react on FOMC announcements also today.

9.17.2014

Technical Analysis and Market Outlook(18-09-2014)

Nifty-Intra Day Chart (17-Sep-2014):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Selling patterns in last 1 hour between 7968-7980
3- Whole day actual trading between 7937-7990

Conclusions from intra day chart analysis 

Whole day positive zone trading with high volatility and all down moves in Bullish Falling Channel therefore strong indications of today started Pull Back Rally continuation. Next supports are as follows:-

1- 7924-7952
2- 7856-7891

As follow up supports seen within 1st Support range today and yesterday therefore this support has strengthened and firstly complete selling is required for any down moves below 7924. Next Resistances are as follows:-

1- 8022-8040
2- 8052-8060 
3- 8090-8127
4- 8140-8170 

As multiple resistances are lying at higher levels therefore firstly complete consolidation is also required for decisive up moves. It is clear that both higher levels good selling and lower levels equally good buying between 7924-8170 therefore Nifty will be understood side ways within this range.

Both buying and selling patterns seen between 7937-7990 today therefore mixed patterns formation will be understood and sustaining beyond this range will be confirmation of next Short Term Trend .  As most time good consolidations and minor selling in last hour today therefore up moves above today highest(7990) is firstly expected 

Nifty will firstly prepare for next big moves in the coming sessions within 7924-8170. Let Nifty prepare for next big moves then will be updated from intraday charts patterns formations as being  done for the last more than 7 years.

Pre-closing Outlook(17-09-2014)

In continuation of previous Outlook only one change that minor selling patterns seen in last 1 hour therefore firstly sustaining beyond following ranges should be watched tomorrow for next trend confirmations:-

1- Next Support Range(7924-7952)
2- Today trading range(7937-7990)

Mid-session Outlook(17-09-2014)

Although intraday volatility ans slipping from higher levels also but today intraday charts are not showing any selling patterns and lower levels higher bottom formations with down moves in Bullish Falling Channels were also seen today therefore emergence of first indication of some up moves/correction completion and confirmation will be after sustaining above next Support Range(7924-7952).

9.16.2014

Technical Analysis and Market Outlook(17-09-2014)

Nifty-Intra Day Chart (16-Sep-2014):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- First 3 hours selling between 8022-8040
2- Continuous down moves in last 4 hours
3- Bullish Falling Wedge formations in last hour.
4- Whole day actual trading between 7926-8040

Conclusions from intra day chart analysis

Although deeper correction was seen and Nifty closed 1.36% down today but we were continuously telling for such down moves since 12-09-2014. Nifty closed near the lowest of the day but Bullish Falling Wedge pattern formations was also seen in last hour today therefore emergence of Pull Back rally possibility tomorrow. Next supports are as follows:-

1- 7924-7952(Nifty closed within this range today)
2- 7856-7891

As Nifty closed within above mentioned 1st support range and Bullish Falling Wedge formations also seen in last hour therefore firstly sustaining beyond this supports for:-

1- First signal of Short Term Correction completion above 7952
2- Correction continuation towards 2nd supports range below 7924

Let some more consolidation happen and supports getting confirmation come then on going correction completion will be considered otherwise firstly Pull Back rally and after that correction continuation will be considered at this moment.

Mid-session Outlook(16-09-2014)


Although sharp fall in Indian markets and Nifty traded more than 1% down today but we are continuously telling for correction/deeper correction from 12-09 2014 and all the Outlooks on Home page of this Blog are live proofs of this fact.

Short Term Correction is on and its continuation will be expected and,let its completion confirmation come then will be updated. Next supports will be posted before the opening of tomorrow market in Technical Analysis and Market Outlook(17-09-2014).