Intra Day Chart Analysis & Market 

Outlook(16-10-2015)

Nifty-Intra Day Chart (15-Oct-2015):-

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Technical Patterns and Formations in today intraday charts

1- More than 50 points up moves in first minute.
2- More than 5 hours trading between 8164-8190
3- Down moves in Bullish Falling Channel
4- Up moves in Bearish Rising Channel
5- Intraday corrections at higher levels in last hours
6- Whole day actual trading between 8130-8190

Conclusions from intra day chart analysis 

Following supports and resistances within this range of 8089-8245 were updated on 13-10-2015 in "Finally Watch 8089-8245 for Next Blasting Moves":-

1- Supports between 8089-8139
2- Resistances between 8185-8230

Nifty got supports within mentioned supports yesterday but could not sustain within mentioned resistances and closed below its lowest(8185) today because Up moves in Bearish Rising Channel were also seen at higher levels today. As more than 5 hours trading between 8164-8190 with good consolidation patterns formations within this range therefore hopes of rally continuation are alive but more follow up consolidation is still required for blasting rally above the top(8245) of last 7 sessions trading range because:-

1- Up moves in Bearish Rising Channel at higher levels today
2- Some profit booking also can not be ruled out today on the back of strong Global markets led heated sentiments.
3- Resistances between 8185-8230 are above today highest. 

As one sided technical positions have not developed yet and more consolidation is still required for valid break out of last 7 sessions range top(8245) therefore sideways market within mentioned last 7 sessions trading range(8089-8245) is still expected tomorrow. 

Live Proofs of 100% Accurate Predictions 

 We were not  Bearish despite following negative developments yesterday and Nifty traded 50 points up in first minute today:-

1- Dow Jones was trading more than 100 down 
2- Most Asian markets .47% to 1.89% negative closing
3- European markets closed .71% to 1.16% down
4- FIIs sold Index Futures yesterday- Rs 873 cr
5- FIIs sold Stock Futures yesterday- Rs 688 cr

As intraday charts have not shown selling patterns therefore we told following lines at 10:22 PM yesterday in "Firstly Watch supports at 8089 amid deep Red Global markets":-

1- view will not be Bearish
2- Today intraday patterns have not shown as such selling patterns formation and on the contrary above mentioned Bullish patterns were also seen
3- Nifty traded whole day above the last 6 sessions lowest(8089) with above mentioned consolidation patterns formations today
4- if Global markets remain in deep Red tomorrow morning then firstly follow up selling with sustaining below 8089 should be watched 

Firstly Watch supports at 8089 amid deep Red Global markets

Intra Day Chart Analysis & Market Outlook

(15-10-2015)

Nifty-Intra Day Chart (14-Oct-2015):-

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Technical Patterns and Formations in today intraday charts

1- Up moves with sufficient intraday corrections
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 8097-8139

Conclusions from intra day chart analysis

Although most of the time negative zone trading and closing near the lower levels of the day today but view will not be Bearish because following intraday positive developments were also seen today:-

1- Indian markets outperformed Global cues because Indian markets traded whole day flat to minor down despite most Asian markets .47% to 1.89% negative closing and all the European markets more than .50% down trading.
2- Today intraday patterns have not shown as such selling patterns formation and on the contrary above mentioned Bullish patterns were also seen.

As Dow jones is trading more than 100 down at this moment and all the European markets closed .71% to 1.16% down therefore if such weakness will be seen in Asian markets also tomorrow then gap down opening may be seen in Indian markets but above mentioned Bullish patterns were also seen today therefore until Nifty will not sustain below 8089 till then decisive down moves will not be seen. 

Following conclusive  were told yesterday in "Finally Watch 8089-8245 for Next Blasting Moves":-

As both higher levels good selling and lower levels equally good buying seen in last 6 sessions between 8089-8245 therefore Nifty will trade within this range in the coming sessions and once valid break out of this range will decide one sided blasting moves because 

1- That will be confirmation of Long Term Trend turning up above 8245 after correction completion at 7540 on 08-09-2015. 
2- That will be confirmation of Long Term Trend remaining down below 8089 and false break out confirmation of 27 Sessions trading range(7540-8092) also.
Nifty traded whole day above the last 6 sessions lowest(8089) with above mentioned consolidation patterns formations today therefore if Global markets remain in deep Red tomorrow morning then firstly follow up selling with sustaining below 8089 should be watched for above mentioned decisive blasting down moves confirmations.

Finally Watch 8089-8245 for Next Blasting Moves

Nifty-Intra Day Chart (Aug 21 to Oct 14,2015):-

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Technical Patterns and Formations in last 35 Sessions intraday charts

1- 165 Points gap down opening on 24-08-2015
2- 27 Sessions actual trading between 7540-8092 from 24-08-2015 to 01-10-2015
3- 27 Sessions trading range broken out on 05-10-2015 
4- Sideways market between 8089-8245 after 27 sessions break out in last 6 sessions 
5- Long Term Trend decider 200-Day EMA(today at 8183) is lying within last 6 sessions trading range. 

Nifty-Intra Day Chart (Oct 05 to Oct 14,2015):-

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Technical Patterns and Formations in last 7 Sessions intraday charts

1- Forceful break out on 05-10-2015 
2- Last 6 sessions Sideways market between 8089-8245 with higher levels selling and lower levels good buying

Nifty-Intra Day Chart (13-Oct-2015):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8110-8129
2- Consolidation between 8089-8104
3- Whole day actual trading between 8089-8150

Conclusions (After Putting All Studies Together)

16 Months long 4000 Points strong rally from 28-08-2013 to 04-03-2015 between 5118.85-9119.20 with many times new life times high formation and after that its 'ABC' correction begun which formed bottom at 7540 on 08-09-2015. 

165 Points gap down opening on 24-08-2015 and after that Nifty remained sideways in next 27 Sessions between 7540-8092 from 24-08-2015 to 01-10-2015. This range was broken out forcefully on 05-10-2015 and after that last 6 sessions sideways market between 8089-8245 with higher levels selling and lower levels good buying, supports and resistances within this range are as follows:-

1- Supports between 8089-8139
2- Resistances between 8185-8230

Intermediate and Short Trends are up and Long Term Trend is sideways because Nifty is hovering around its decider 200-Day EMA(today at 8183) for last 6 sessions in its sideways market between 8089-8245.

As both higher levels good selling and lower levels equally good buying seen in last 6 sessions between 8089-8245 therefore Nifty will trade within this range in the coming sessions and once valid break out of this range will decide one sided blasting moves because 

1- That will be confirmation of Long Term Trend turning up above 8245 after correction completion at 7540 on 08-09-2015. 
2- That will be confirmation of Long Term Trend remaining down below 8089 and false break out confirmation of 27 Sessions trading range(7540-8092) also.

Finally watch 8089-8245 for next blasting moves.

Intra Day Chart Analysis & Market 

Outlook(13-10-2015)

Nifty-Intra Day Chart (12-Oct-2015):-

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Technical Patterns and Formations in today intraday charts

1- Selling patterns formation between 8199-8219
2- Whole day down moves in Bullish Falling Channel
3- Whole day actual trading between 8129-8245

Conclusions from intra day chart analysis 

As all the Asian markets were trading in Green and some markets were strong also therefore positive opening of Indian markets but selling was also seen between 8199-8219 immediately after opening. Some selling was also seen between 8206-8232 last Friday and follow up selling developed within this range today therefore 8199-8232 has developed immediate resistance range and some more consolidation is firstly required to cross and sustain above 8232.

As whole day down moves were also seen in Bullish Falling Channel after higher levels selling therefore today trading will be understood with mixed patterns formations and view will be watchful and cautious. Good consolidation between 8106-8139 on 08-10-2015 and selling between 8199-8232 in last 2 sessions therefore expected that Nifty will trade between 8106-8232 tomorrow and prepare for next decisive moves.

No gossiping never guessing and whatsoever market suggest only that is always updated. Let market prepare for next trend and decisive moves then will be updated from intraday charts patterns formations in the same manner as being done for the last more than 5 years

As busy therefore Stock Market Outlook of today is not being updated.