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Intra Day Charts Analysis & Market Outlook(02-06-2016)

Nifty-Intra Day Chart (May 30 to Jun 01,2016):-
Just click on chart for its enlarged view
Technical Patterns and Formations in last 3 Sessions intraday charts

1- Last 3 sessions sideways trading with Mixed Patterns formations between 8144-8215
2- 3 Sessions trading between 8135-8215

Conclusions from 3 Sessions intra day chart analysis 

Following lines were told on 29-05-2016 in "Minimum Target of Nifty at 8844.55" and repeated in the Outlooks of last 2 sessions also:-

 finally last week started rally will remain continued towards 8844.55 with only very Short Term and sideways corrections.

Sideways correction has been seen in last 3 sessions through 71 points range bound markets between 8144-8215.  As one sided clear patterns formations were not seen and selling/consolidation both patterns has been developed in last 3 sessions therefore expected that Nifty will trade within 8135-8215 and prepare for next decisive big moves beyond this range. 

Let Nifty prepare then will be updated after the analysis of coming sessions intraday charts and final confirmation of  next decisive moves will be after sustaining beyond 8135-8215.
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