As busy therefore Stock Market Outlook of today(29-12-2017) is not being updated.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Levels will confirm next Trend
Intra Day Chart Analysis & Market Outlook
(28-12-2017)
Nifty-Intra Day Chart (27-Dec-2017):-
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Just click on chart for its enlarged view
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1- More than 5 hours selling between 10532-10552
2- Sharp fall in last hours
3- Whole day actual trading between 10470-10552
Conclusions from intra day chart analysis
Following lines were told yesterday in "Finally on going rally continuation":-
1- finally on going rally continuation is expected
2- intraday volatility and Very Short term correction can not be ruled
3- until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.
Alrhough firstly rally continuation but more than 5 hours higher levels selling between 10532-10552 therefore sharp fall in last hours and closing near the lower levels of the day.
Last 2 sessions trading between 10470-10552 with good consolidation between 10478-10506 on 26-12-2017 and equally good selling between 10532-10552 on 27-12-2017 therefore firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend.
As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for confirmations.
Finally on going rally continuation
Intra Day Chart Analysis & Market Outlook
(27-12-2017)
Nifty-Intra Day Chart (26-Dec-2017):-
 |
| Just click on chart for its enlarged view |
1- Consolidation between 10478-10506
2- Sharp up in last half hour
3- Whole day actual trading between 10478-10545
Conclusions from intra day chart analysis
Following lines were told on 21-12-2017 in "Follow up consolidation will mean fresh rally above 10500":-
1- up moves are expected tomorrow
2- fresh rally above 10500 in the coming week
As was told 100% same happened and up moves were seen on 22-12-2017 and fresh rally above 10500 was also seen today.
As follow up consolidation last Friday and more than 5 hours between 10478-10506 today also therefore finally on going rally continuation is expected in the coming sessions. Very Short term indicators have turned over bought therefore intraday volatility and Very Short term correction can not be ruled but until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.
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