Emergence of Fresh Up Moves Expectations

Intra Day Chart Analysis & Market Outlook

(16-09-2016)

Nifty-Intra Day Chart (15-Sep-2016):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8730-8745
2- Consolidation between 8705-8724
3- Mixed Patterns formations in last hour between 8729-8740
4- Whole day actual trading between 8705-8751

Conclusions from intra day chart analysis 

Although slipping after first hour selling but lower levels good consolidation also between 8705-8724 therefore recovery from lower levels and closing near the higher levels of the day. As Mixed Patterns formations in last hour also therefore follow up consolidation is firstly required for decisive up moves above today highest(8751)

Selling below 8746 last Monday and lower levels supports above 8689 in last 2 sessions therefore emergence of fresh up moves expectations above 8751 and once sustaining above it will mean strong signal of 7th Sep started correction completion at 8689 and fresh rally beginning towards 8968.

As next FOMC led Global markets high volatility and rates hike news led uncertainty also therefore confirmation is firstly required through sustaining above last 3 sessions highest(8751)

Firstly Watch 8689-8746 for next Trend Confirmations

Intra Day Chart Analysis & Market Outlook

(15-09-2016)

Nifty-Intra Day Chart (14-Sep-2016):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8725-8736
2- Support between 8689-8712
3- Up moves in Bearish Rising Channel
4- Whole day actual trading between 8689-8739

Conclusions from intra day chart analysis 

Although selling immediately after opening and Up moves in Bearish Rising Channels also but lower levels good supports were also seen therefore today closing near the higher levels of the day. As selling was seen below 8746 last Monday and supports above 8689 today therefore firstly sustaining beyond 8689-8746 should be watched for next trend confirmations for:-

1- Strong signal of on going correction completion above 8746.
2- Correction continuation towards 8544 below 8689.

As busy therefore Stock Market Outlook of today is not being updated but Mid-session Outlook may be posted during trading hours.

Firstly Watch Next Strong Supports after Gap Down Opening

Intra Day Chart Analysis & Market Outlook

(12-09-2016)

Nifty-Intra Day Chart (09-Sep-2016):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8900-8922
2- Support between 8863-8888
3- Down moves in Bullish Falling Channel in last hour
4- Whole day actual trading between 8859-8922

Conclusions from intra day chart analysis 

Following lines were told at 12:05 AM on 08-09-2016 in "Very Short Term Down Moves Expectations":-

clear Selling patterns formation also between 8935-8956 therefore Very Short Term down moves are expected in the coming sessions.

Following lines were told at 08:20 PM on 08-09-2016 in "Very Short Term Correction Expectations":-

Very Short Term correction is still expected in the coming sessions despite today closing near the higher levels of the day today.  

Only Down Moves and Correction was told in  last 2 Outlooks which proved 100% accurate last Friday through Nifty slipping 38 points in first minute and closing 85 points down also after whole day negative zone trading.

Firstly selling after weak opening and after that sharp fall as well but lower levels some supports and last hour Down moves in Bullish Falling Channel therefore day's intraday patterns will be understood Mixed. As both intraday selling and consolidation patterns formations last Friday therefore sustaining beyond day's actual trading range(8859-8922) should be firstly watched in the coming week for next decisive moves.

As US markets closed in deep Red last Friday therefore huge gap down opening may be seen next Monday but next strong supports are lying between 8768-8818 which will decide the fate of last Friday started correction.