As marriage in our family therefore next Outlook will be updated on 03-12-2014
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Technical Analysis and Market Outlook(27-11-2014)
Nifty-Intra Day Chart (26-Nov-2014):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 8438-8457
2- Mixed Patterns between 84381-8500
3- Whole day actual trading between 8439-8500
Following line was told at 01:09 on 26-11-2014 in Mid-session Outlook(26-11-2014):-
As was told 100% same happened and Nifty traded at 8500.30 yesterday
As lower levels good consolidation and higher levels mixed patterns formations were seen therefore lower levels good supports and higher levels weaker resistances will be understood. Although Nifty slipped from higher levels after good recovery from lower levels but clear selling patterns were not seen at higher levels therefore up moves hopes are alive after follow up consolidations in the coming sessions.
Very Short Term correction is on and emergence of correction completion expectations also generated after lower levels consolidations yesterday. At present Nifty is sideways between 8439-8535 and will firstly trade/prepare within this range as well as valid break out of this range will result next big moves.
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1- Consolidation between 8438-8457
2- Mixed Patterns between 84381-8500
3- Whole day actual trading between 8439-8500
Conclusions from intra day chart analysis
Following line was told at 01:09 on 26-11-2014 in Mid-session Outlook(26-11-2014):-
As lower levels good consolidation today therefore high possibility of trading above 8500
As was told 100% same happened and Nifty traded at 8500.30 yesterday
As lower levels good consolidation and higher levels mixed patterns formations were seen therefore lower levels good supports and higher levels weaker resistances will be understood. Although Nifty slipped from higher levels after good recovery from lower levels but clear selling patterns were not seen at higher levels therefore up moves hopes are alive after follow up consolidations in the coming sessions.
Very Short Term correction is on and emergence of correction completion expectations also generated after lower levels consolidations yesterday. At present Nifty is sideways between 8439-8535 and will firstly trade/prepare within this range as well as valid break out of this range will result next big moves.
Mid-session Outlook(26-11-2014)
As lower levels good consolidation today therefore high possibility of trading above 8500 after yesterday started correction completion.
Technical Analysis and Market Outlook(26-11-2014)
Nifty-Intra Day Chart (25-Nov-2014):-
Technical Patterns and Formations in today intraday charts
1- Mixed Patterns between 8458-8490
2- Consolidation between 8430-8451
3- Whole day actual trading between 8430-8535
As selling pattern of slow up moves in last 3 hours on 24-11-2014 therefore very short term correction was seen yesterday but lower levels good consolidation was also seen therefore emergence of correction completion expectations also. Nifty traded between 8458-8490 with mixed Patterns formations and follow up moves with sustaining beyond this range will be next decisive moves first indication.
Although more than 1% down moves from intraday higher levels yesterday but as such good selling patterns were not seen in last 2 sessions and on the other hand lower levels good consolidation was also seen therefore rally continuation hopes above 8535 are still alive after follow up consolidations in the coming sessions.
As all the Asian markets are flat today morning after quiet closing of US markets yesterday therefore Nifty will remain firstly sideways today between 8430-8490 and prepare for next decisive moves as well as sustaining beyond this range will be first strong indication next big moves.
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| Just click on chart for its enlarged view |
1- Mixed Patterns between 8458-8490
2- Consolidation between 8430-8451
3- Whole day actual trading between 8430-8535
Conclusions from intra day chart analysis
As selling pattern of slow up moves in last 3 hours on 24-11-2014 therefore very short term correction was seen yesterday but lower levels good consolidation was also seen therefore emergence of correction completion expectations also. Nifty traded between 8458-8490 with mixed Patterns formations and follow up moves with sustaining beyond this range will be next decisive moves first indication.
Although more than 1% down moves from intraday higher levels yesterday but as such good selling patterns were not seen in last 2 sessions and on the other hand lower levels good consolidation was also seen therefore rally continuation hopes above 8535 are still alive after follow up consolidations in the coming sessions.
As all the Asian markets are flat today morning after quiet closing of US markets yesterday therefore Nifty will remain firstly sideways today between 8430-8490 and prepare for next decisive moves as well as sustaining beyond this range will be first strong indication next big moves.
Minimum target of Nifty at 8616.90
Technical Analysis and Market Outlook
(25-11-2014)
Nifty-Intra Day Chart (24-Nov-2014):- |
| Just click on chart for its enlarged view |
1- Consolidation between 8490-8510
2- Slow Up Moves
3- Whole day actual trading between 8490-8534
Conclusions from intra day chart analysis
Not only today but we told also following line on 12-05-2014 in Minimum target of Nifty at 8616.90
Nifty is well set for rally towards minimum target at 8616.90.
As was told 6 months before same has been almost happened and after highest formations at 8534.65 yesterday.
Following line was told on 23-11-2014 in Technical Analysis and Market Outlook(24-11-2014)
finally rally continuation above 8500 is expected in the coming session.
As was told same happened and Nifty traded as well as closed above 8500 yesterday.
Firstly more than 3 hours lower levels good consolidation and supports yesterday but after that slow up moves were seen which is a selling signal therefore follow up consolidation is required for decisive up moves above yesterday highest. As good supports between 8490-8510 yesterday therefore until Nifty will not sustain below it till then any decisive down moves will not be considered. Expected that rally will remain continued above yesterday highest after follow up consolidations in the coming sessions.
Technical Analysis and Market Outlook(24-11-2014)
Nifty-Intra Day Chart (21-Nov-2014):-
Technical Patterns and Formations in today intraday charts
1- Most time trading between 8449-8489
2- Down moves in Bullish Falling Channel
3- Bullish Falling Wedge formations in last hour.
4- Whole day actual trading between 8399-8489
Most time trading between 8449-8489 with following Bullish indications:-
1- Firstly forceful up moves in first hour.
2- Down moves in Bullish Falling Channel patters formations.
3- Bullish Falling Wedge formations in last hour.
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| Just click on chart for its enlarged view |
1- Most time trading between 8449-8489
2- Down moves in Bullish Falling Channel
3- Bullish Falling Wedge formations in last hour.
4- Whole day actual trading between 8399-8489
Conclusions from intra day chart analysis
Most time trading between 8449-8489 with following Bullish indications:-
1- Firstly forceful up moves in first hour.
2- Down moves in Bullish Falling Channel patters formations.
3- Bullish Falling Wedge formations in last hour.
As above Bullish signals after life time high formations and no selling signals seen therefore finally rally continuation above 8500 is expected in the coming session.
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