Firstly Watch Most Crucial Level in Next Week

Intra Day Chart Analysis & Market Outlook

(22-05-2017)

Nifty-Intra Day Chart (19-May-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 9479-9505
2- 2 Hours down moves
3- Consolidation between 9391-9425
4- Whole day actual trading between 9391-9505

Conclusions from intra day chart analysis

As positive Asian markets and in reaction good up moves after Green opening but selling at higher levels also therefore after that 2 hours more than 100 points down moves. Although slipping below 9400 but good consolidation at lower levels of the day therefore firstly up moves are expected in next week but within last Friday trading range(9391-9505).

Following conclusive lines were told on 18-05-2017 in "Firstly watch immediate Supports for the life of today started correction continuation/completion":-

firstly valid break out of above mentioned immediate support ranges(9427-9472) should be watched for the life of today started correction continuation/completion.

Immediate supports Were told above 9427 and Nifty closed at 9427.90 yesterday as well as  good consolidation was seen just below it between 9391-9425 therefore these supports levels has become most crucial. Above mentioned supports should be firstly watched amid on going correction because until Nifty will not sustain below them after complete fresh selling till then decisive down moves will not be seen and finally sustaining above 9427 will mean rally continuation after correction completion yesterday.

Firstly watch immediate Supports for the life of today started correction continuation/completion 

Intra Day Chart Analysis & Market Outlook

(19-05-2017)

Nifty-Intra Day Chart (18-May-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 9481-9489
2- Down moves in Bullish Falling Channel
3- Selling between 9467-9477
4- Last 2 hours Down moves in Bullish Falling Channel
5- Whole day actual trading between 9418-9489

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Very short term correction expectations":-

1- very short term correction is expected tomorrow
2- As following supports are lying therefore until Nifty will not sustain below them after follow up selling till then decisive down moves will not be seen:-

1- 9462-9472
2- 9427-9440 

Very short term correction was seen today after gap down opening and Nifty closed within above mentioned 2nd support range at 9429.45. Although some selling but good consolidation also developed through Down moves in Bullish Falling Channels today  therefore firstly valid break out of above mentioned immediate support ranges(9427-9472) should be watched for the life of today started correction continuation/completion.   

Very short term correction expectations

Intra Day Chart Analysis & Market Outlook

(18-05-2017)

Nifty-Intra Day Chart (17-May-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channels
2- Selling between 9518-9532
3- Whole day actual trading between 9487-9532

Conclusions from intra day chart analysis 

Although today closing near the higher levels of the day but sufficient intraday selling patterns formations today therefore very short term correction is expected tomorrow. As following supports are lying therefore until Nifty will not sustain below them after follow up selling till then decisive down moves will not be seen:-

1- 9462-9472
2- 9427-9440 

As busy therefore Stock Market Outlook of today(17-05-2017) is not being updated.

As busy therefore Stock Market Outlook of today(16-05-2017) is not being updated.

Valid break out crucial levels will decide next trend

Intra Day Chart Analysis & Market Outlook

(15-05-2017)

Nifty-Intra Day Chart (12-May-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Whole day Down moves in Bullish Falling Channels
2- Whole day actual trading between 9373-9437

Conclusions from intra day chart analysis 

Following lines were told on 11-05-2017 in "Today started correction continuation expectations":-

1- As good intraday consolidation above 9374 yesterday and equally good selling below 9450 today 
2- therefore Nifty will firstly slip towards 9374 and prepare for next decisive moves within 8374-9450

As was told 100% same happened and firstly Nifty slipped towards 9374 and recovered after intraday lowest formations at 9372.55 as well as closed within mentioned trading range(8374-9450) at 9400.90 on 12-05-2017. 

Whole day good consolidation through Down moves in Bullish Falling Channels on 12-05-2017 therefore up moves are expected towards 9450 next Monday but sustaining above it is must after follow up complete consolidation because good selling was seen below 9450 on 11-05-2017. 

Finally same view which was updated on 11-05-2017 that Nifty will prepare for next decisive moves within 8374-9450 as well as valid break out this range will decide next trend which should be watched in the coming sessions because these levels have become crucial now.