तुलसी पूजन दिवस : 25 दिसम्बर* की आपको एवं आपके परिवार को खूब-खूब बधाई एवं शुभकामनाये 
चूँकि हम अपने ही आँगन की अपनी तुलसी को संभाल नहीं पाए इसीलिए हमारे अपने बच्चे क्रिसमस ट्री के दीवाने हो गए और आज भी होते जा रहे है।
भारतीय संस्कृति अपनाओ भारत को विश्वगुरु बनाओ। 
सफ़ेद दाड़ी में बाबा नानक देव जी ही असली सेँटा क्लॉज़ हैँ, इसीलिए ही उनकी कृपा से सैकड़ों सालों से रोजाना गुरुद्वारोँ मेँ लाखोँ भूखोँ के पेट मेँ अन्न जाता है।

समस्त भारतवासियों को दशहरा की 

हार्दिक शुभकामनाएं 

Wishing you all Indian 

Happy Dussehra
--------------
अधर्म पर धर्म की जीत
अन्याय पर न्याय की विजय
बुरे पर अच्छे की जय जयकार
यही है दशहरे का त्यौहार
--------------
विजयदशमी की शुभकामनाएं

स्वतंत्र दिवस की शुभकामनाएं

आओ झुक कर सलाम करे उनको

जिनके हिस्से में ये मुकाम आता है; 

खुशनसीब होता है 

वो खून जो देश के काम आता है! 

चड़ गये जो हंसकर सूली,

खाई जिन्होने सीने पर गोली,

हम उनको प्रणाम करते हैं,

जो मिट गये देश पर… 

हम उनको सलाम करते हैं…

As not recovered yet therefore has not been able to update Stock Market Outlooks of this week. Expecting that I shal be able to post outlooks in next week(after 21-05-2018).

As not felling well therefore has not been able to update Stock Market Outlooks of last 2 sessions. Expecting that I shal be able to post outlooks from next week.

Donald Trump announcement on Iran nuclear accord

President Donald Trump wrote in a tweet that he will announce his decision on whether the US will pull out of the Iran nuclear accord at 2 p.m. ET on Tuesday(11:30 PM IST on Tuesday) in place of 12th May.

Just open following links for detailed news:-

1- https://edition.cnn.com/2018/05/07/politics/donald-trump-iran-nuclear-announcement/index.html
2- https://www.nytimes.com/2018/05/07/us/politics/trump-announce-withdraw-us-iran-deal.html

Crucial levels will confirm next trend

Intra Day Chart Analysis & Market Outlook

(08-05-2018)

Nifty-Intra Day Chart (07-May-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 10636-10663
2- Up moves with intraday corrections
3- Whole day actual trading between 10636-10725

Conclusions from intra day chart analysis 

As good intraday consolidation between 10602-10666 last Friday therefore strong rally today after positive opening because sharp up moves were seen in US markets last Friday and most Asian and European markets also remained positive whole day today. 

Nifty will firstly prepare for next decisive moves within last 6 sessions trading range(10602-10770) which is having following supports and resistances:-

1- Supports between 10602-10663
2- Resistances between 10722-10770

As per our view Indian markets have to react following 2 big news in next week:-

1- Donald Trump decision of sanctioning on Iran on 12-05-2018. Indian markets will react on this news on 14-05-2018 
2- Karnataka assembly election results which was previously indicaing hung Assembly after results but heavy crowd in Modi ji's public meetings is suggesting clear victory of BJP also. Indian markets will also react on this news on 14-05-2018 after Exit poll results on 12th May evening.

As last 6 sessions trading levels(10602-10770) has become most crucial therefore firstly sustaining it beyond should be watched for next trend confirmations

As not felling well therefore Stock Market Outlook of today(07-05-2018) is not being updated

Correction continuation after follow up selling 

Intra Day Chart Analysis & Market Outlook

(04-05-2018)

Nifty-Intra Day Chart (03-May-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10680-10710
2- Selling between 10690-10708
3- Consolidation between 10648-10669
4- Whole day actual trading between 10648-10712

Conclusions from intra day chart analysis 

Although Short Term correction is on but slow and Nifty out performed also all Global markets today therefore follow up selling is firstly required for correction continuation because lower levels consolidation was also seen after higher levels selling.

As selling in last 3 sessions and Intermediate Term indicators are overbought therefore correction continuation is expected but follow up selling is fistly reuqired for sustaining below today lowest. 

Firstly watch levels for next trend confirmations

Intra Day Chart Analysis & Market Outlook

(03-05-2018)

Nifty-Intra Day Chart (02-May-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Slipping after positive opening
2- Mid-Session Up moves in Bearish Rising Channel
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 10690-10770

Conclusions from intra day chart analysis 

Although Nifty spot opened more than 30 points up but Nifty May Fut opened negative and whole day traded in negative zone today therefore it will be understood first signal of weakness since opening.

Firstly slipping and after that more than 3 hours Up moves in Bearish Rising Channel are suggesting selling patterns formations but last hours Down moves in Bullish Falling Channel also therefore today intraday charts will be understood Mixed Patterns formations. 

Last 2 sessions trading with Mixed Patterns formations between 10690-10770 is suggesting that Nifty will have to prepare for next decisive moves within and near about this range and finally sustaining beyond this range should be firstly watched in the coming sessions and next trend confirmations.

7 sessions trading range will confirm next Trend

Intra Day Chart Analysis & Market Outlook

(02-05-2018)

Nifty-Intra Day Chart (30-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10722-10759
2- Whole day actual trading between 10722-10759

Conclusions from intra day chart analysis 

As most Asian markets were trading strong last Friday therefore positive opening but completely underperformed and closed 0.44% up while most Asian markets closed after gaining more than 0.90% points.

Whole day actual trading within 37 points between 10722-10759 with selling patterns formations is indicating fresh down moves beginning below 10722.

I am Bearish since long but sorry to say that I have proved completely wrong this time because rally extended due to good Quarterly results of IT companies and strong Global markets also.

7 sessions sideways trading was between 10510-10638 before 27-04-2018 and this range was broken out last Friday on the expectation of strong RIL quarterly results as well as whole day selling was seen on 30-04-2018 therefore firstly sustaining above 7 sessions trading range highest(10638) should be firstly watched in next week for the confirmation of on going rally continuation. If finally Nifty sustainins below 10638 then be cautious because sustaining below 7 sessions trading range lowest(10510) will be strong signal of on going rally completion and correction continuation towards and below 10000.

Finally slipping below 10000 without sustaining above 10638 

Intra Day Chart Analysis & Market Outlook

(27-04-2018)

Nifty-Intra Day Chart (26-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10560-10595
2- Sharp up after 03:00 PM 
3- Whole day actual trading between 10560-10628

Conclusions from intra day chart analysis 

Although sharp up after 03:00 PM but before that whole day trading was with Mixed Patterns formation therefore view will not be Bullish because such intraday volatailty is being seen for the last 7 sessions between 10510-10638 and until Nifty will not sustain above this range till then view will not be Bullish. 

As Short and Intermediate Term indicators are overbought therefore correction was expected but not being seen and still having same view of not sustaining above 10638 as well as finally slipping too much below 10000 despite SGX Nifty today closing was 50 points up after Dow Jones strong closing with gaining 238 points.

Correction continuation expectations after follow up selling

Intra Day Chart Analysis & Market Outlook

(26-04-2018)

Nifty-Intra Day Chart (25-Apr-2018):-

Technical Patterns formation in today intraday charts

1- Selling between 10577-10612
2- Support between 10537-10559
3- Whole day actual trading between 10537-10612

Conclusions from intra day chart analysis 

As firstly more than 4 hours selling between 10577-10612 therefore slipping from higher levels but not with force and some supports also seen at lower levels.   

Last 3 sessions selling between 10577-10638 and this range will be immediate resistance of Nifty but some supports are lying above 10450 therefore follow up selling is firstly required for decisive down moves. Expected that finally correction will remain continued after follow up selling in the coming sessions.

Sharp down moves once after correction beginning confirmations 

Intra Day Chart Analysis & Market Outlook

(25-04-2018)

Nifty-Intra Day Chart (24-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10588-10609
2- Up moves in Bearish Rising Channels
3- Volatility in last hour
4- Whole day actual trading between 10569-10636

Conclusions from intra day chart analysis 

Although Green closing today after 67 points recovert from lower levels but view will not be Bullish because:- 

1- Firstly selling developed between 10588-10609 
2- Mid sessions Up moves were in Bearish Rising Channels and with strong up moves in Dow's Futures also after Positive opening of European markets.

Nifty made the highest at 10637.90 on 15-02-2018 before fomation the lowest at 9951.90 on 23-03-2018 and it will be maximum target of on going Wave-B as well as until Nifty will not sustain above 10637.90 till then possibility of slipping and sustaining below 9951.90 will remain alive.

April month expiry will be seen below 10637.90 but lower levels can not be told with confirmation because previous weeks up moves were not on the base of complete consolidation and were on the back of positive news from quarterly results therefore sharp down moves may be once after correction beginning confirmations.

Remain prepared for more than 1000 points correction

Intra Day Chart Analysis & Market Outlook

(24-04-2018)

Nifty-Intra Day Chart (23-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts


1- Up moves in Bearish Rising Channel
1- Selling between 10596-10638
3- Whole day actual trading between 10552-10638

Conclusions from intra day chart analysis 

As immediate after opening strong rally in heavy weight TCS therefore sharp up moves were seen in 2.76% strong rally of NIFTY IT and resultant up moves developed in Nifty also after flat opening.

Firstly Nifty moved up in Bearish Rising Channel and after that more than 3 hours selling therefore closing near the lower levels of the day after slipping from hingr levels in last half hour.

As Short term indicators had turned over bought therefore its correction was very much due but last 10 sessions 2.25% up moves of Nifty were only on the back of strong 14% rally of NIFTY IT. 

Now Intermediate term indicators have also turned over bought therefore correction of on going rally has become imminent which may be seen any day.

Expected Correction Wave will be Wave-C which will correct 100% to 161.8% of that Wave-A correction which begun from 11171.55 on 29-01-2018 and completed at 9951.90 on 23-03-2018 after Wave-B completion near about today highest. I shall discuss above mentioned waves structured on EOD charts also.

As per our view we should remain prepared for more than 1000 points Wave-C correction in the coming weeks and months,

Fresh down moves beginning expectations

Intra Day Chart Analysis & Market Outlook

(23-04-2018)

Nifty-Intra Day Chart (20-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling Patterns formation between 10528-10522
2- Sharp up in last half hour
3- Whole day actual trading between 10528-10582

Conclusions from intra day chart analysis 

As good quarterly results of TCS therefore whole day 4.80% strong rally of NIFTY IT and resultant sharp up in last half hour in Nifty and other Indices also. 

Although last Friday Last Traded Price was at the top of the day but most time trading was with selling Patterns formation between 10528-10522 therefore expected that fresh down moves will be seen below last Friday(10528) lowest despite good quarterly results of HDFC Bank.

As per hour view finally Nifty has to move and sustain below 10000 and for this decisive down moves beginning will be seen any day. 

As still out of station therefore
 Stock Market Outlook of
 today(19-04-2018) and tomorrow
 will not be updated

As busy and out of station therefore
 Stock Market Outlook of
 today(17-04-2018) and tomorrow
 will not be updated

As busy therefore Stock Market Outlook of today(16-04-2018) is not being updated

Huge correction beginning expectations in next week

Intra Day Chart Analysis & Market Outlook

(13-04-2018)

Nifty-Intra Day Chart (12-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Up moves in Bearish Rising Channel
2- Mixed Patterns formation between 10442-10469
3- Whole day actual trading between 10396-10469

Nifty IT-Intra Day Chart (12-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- 220 Points(1.72%) sharp up in first 15 minutes
2- 409 Points(3.21%) rally till closing

Conclusions from intra day chart analysis 

Although Nifty opened weak and traded first 15 minutes in negative zone also but first 45 minutes up moves were in Bearish Rising Channel and last more than 2 hours trading was with Mixed Patterns formation therefore view will not be Bullish because:-

1- Whole day today up moves were on the back of Infosys quarterly reaults(will be declared on 13-04-2018) driven sharp 3.21% rally of Nifty IT 
2- Intraday charts of previous trading sessions are showing selling patterns also.

As Nifty traded last more than 2 hours within next resistance range(10446-10478) with Mixed Patterns formation therefore firstly Nifty has to trade and prepare for next trend within and near about this range.

As Short Term indicators are overbought and 23-03-2018 started Pull Back rally is demanding its correction after gaining 514 points in 12 sessions therefore huge correction beginning is expected in next week because intraday charts of previous 4 sessions are showing selling Patterns formations also. 

Expected that finally Nifty will slip below the lowest(9951.90) of on going correction because on going rally is only a Pull Back rally which will fuse below the top of previous rally and has to slip below its origin point. 

As busy therefore Stock Market Outlook of today(12-04-2018) is not being updated

Decisive down moves towards next supports

Intra Day Chart Analysis & Market Outlook

(11-04-2018)

Nifty-Intra Day Chart (10-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- More than 5 hours selling between 10400-10424
2- Whole day actual trading between 10382-10424

Conclusions from intra day chart analysis 

Resistances betweeen 10378-10420 was updated on 05-04-2018 and was repeated yesterday also,Nifty could not sustain above 10420 today after follow up more than 5 hours selling between 10400-10424 therefore expected that finally nifty will slip below today lowest(10382) and decisive down moves will be seen towards following next supports in the next 1/2 sessions despite Dow Jones now trading 490 points up:- 

1- 10228-10285
2- 10115-10150
3- 9952-10015(Last supports of on going Pull Back rally)

Finally view is turning Bearish

Intra Day Chart Analysis & Market Outlook

(10-04-2018)

Nifty-Intra Day Chart (09-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Sharp up after flat opening
2- Selling Patterns formation between 10378-10397
3- Whole day actual trading between 10340-10397

Conclusions from intra day chart analysis

Following lines were told on 05-04-2018 in "US markets led rally continuation toward next resistances":-

US markets led rally continuation is expected toward following next resistances:-

1- 10378-10420
2- 10446-10478

Although US markets tumbled more than 2% last Friday but Asian markets were trading strong today morning therefore sharp up after flat opening.

Next resistances between 10378-10420 were updated on 05-04-2018 and fresh selling was seeen within this range today between 10378-10397 therefore view is turning Bearish because Short Term indicators have also turned overbought.

US markets are now trading more than 1.5% up at this moment and if such strength develops in asian markets also then some up moves can not be ruled in Indian markets tomorrow morning but until Nifty will not sustain above 10420 till then any  type of up moves will not be considered. Fresh selling and once sustaining below 10378 will mean correction of that Pull Back rally which begun on 23-03-2018 from 9951.90. 

Finally view is turning Bearish despite 0.46% positive closing after whole day positive zone trading today and strong US markets at this moment.

Signals of correction beginning

Intra Day Chart Analysis & Market Outlook

(09-04-2018)

Nifty-Intra Day Chart (08-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10291-10331 
2- Whole day actual trading between 10291-10350

Conclusions from intra day chart analysis 

As most time trading with Mixed Patterns formation therefore technically Nifty has to prepare for next decisive moves within and near about last Friday range but Short Term indicators have turned overbought therefore signals of correction beginning also.

US markets tumbled more than 2% last Friday and if such weakness develops in Asian markets also tomorrow morning then nifty will correct that Pull Back rally which begun from 9951.90 on 23-03-2018 and will test following supports:- 

1- Supports between 10228-10285
2- Supports between 10115-10150
3- Supports between 9952-10015(Last supports of on going Pull Back rally) 

Traders should remain cautious amid US markets led violent volatility

Pre-open Outlook(06-04-2018)

Dow Jones closed 240 points up yesterday and only after 7 hours Dow's Fututes is trading 284 points down while once it was trading 450 points down also 3 hours before.

Dow's Fututes was traing 450 points down when Indian markets closed on 04-04-2018 but Dow Jones closed more than 200 points up same day.

As per my view it is only manipulation by international operators because all the Global markets takes cues from US markets and react on its price movements otherwise economic situation never change as fast as being shown by US markets.

Certainly this US markets led violent volatility like situation is beyond the imagination and control of general traders therefore traders should remain cautious and overnight positions should be avoided if there is no confirmation.

US markets led rally continuation toward next resistances  

Intra Day Chart Analysis & Market Outlook

(06-04-2018)

Nifty-Intra Day Chart (05-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 10228-10260
2- Consolidation between 10258-10285
3- Sharp up after RBI Credit policy announcements
4- Whole day actual trading between 10228-10331

Conclusions from intra day chart analysis 

As higher levels good selling between 10242-10279 yesterday therefore correction continuation was expected after follow up selling but blasting US markets led Bullish moves were seen in all the Global markets resultant strong rally developed in Indian markets also.

Although good selling was seen between 10242-10279 yesterday but more than 5 hours consolidation within and near about this range between 10228-10285 today therefore sharp up moves after RBI Credit policy announcements.

Last 11 sessions trading was between 9952-10279 and this range was forcefully broken out today therefore US markets led rally continuation is expected toward following next resistances:-

1- 10378-10420
2- 10446-10478

Technical analysis has been updated above but US markets led violent volatility in all the Global markets therefore its impact on Indian markets moves should also be watched. 

Finally today started correction continuation towards next supports

Intra Day Chart Analysis & Market Outlook

(05-04-2018)

Nifty-Intra Day Chart (04-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- More than 3 hours selling between 10242-10279
2- Sharp down
3- Last 2 hours sideways trading between 10112-10154
4- Whole day actual trading between 10112-10279

Conclusions from intra day chart analysis 

Following lines were told yesterday in "10227 will confirm life of on going Pull Back Rally":-

1- Short Term indications are over bought therefore Short Term correction has become very much due
2- firstly 3/4 hours trading patterns and its resultant finally sustaining beyond 10227 should be watched tomorrow for the life of on going Pull Back Rally

As firstly more than 3 hours selling between 10242-10279 therefore sharp down in Mid-session and closing 98 points below 10227 today.

Immediate supports were between 10105-10150 and today closing was within this range after last 2 hours sideways trading between 10112-10154 therefore Nifty will firstly trade within and near about this range and finally sustaining beyond 10105-10279 will confirm next decisive moves

Last 11 sessions trading between 9952-10279 and expected that finally today started correction will remain continued towards next supports(9952-10019) after follow up selling in the next 1/2 sessions.

10227 will confirm life of on going Pull Back Rally

Intra Day Chart Analysis & Market Outlook

(04-04-2018)

Nifty-Intra Day Chart (03-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Mixed Patterns formation till 03:00 PM between 10172-10229
2- Up moves after 03:00 PM
3- Whole day actual trading between 10172-10255

Conclusions from intra day chart analysis

Last 9 sessions trading was between 9952-10227 and today closing was above it but before that almost whole day trading was with Mixed Patterns formation therefore follow up consolidation and sustaining above 10227 is must for the confirmation of 9 sessions trading range valid break out.

Although last half hour up moves but Short Term indications are over bought therefore Short Term correction has become very much due. As complete selling patterns formation have not been seen yet therefore firstly 3/4 hours trading patterns and its resultant finally sustaining beyond 10227 should be watched tomorrow for the life of on going Pull Back Rally

Watch levels amid correction possibility

Intra Day Chart Analysis & Market Outlook

(03-04-2018)

Nifty-Intra Day Chart (02-Apr-2018):-

                                                 Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Consolidation between 10128-10154
2- Intraday corrections
3- Last hour Up moves in Bearish Rising Channel
4- Whole day actual trading between 10128-10220

Conclusions from intra day chart analysis 

As good consolidation in first hour and whole day up moves with intraday correction therefore closing at higher levels of the day. Last hour Up moves were in Bearish Rising Channel and Short Term indications have turned over bought as well as today closing in resistance range(10177-10227) therefore emergence of last 5 sessions Pull Back rally(9952-10220) correction possibility.

Following conclusive lines were updated yesterday in "Firstly Watch levels for next big moves confirmations" and being repeated for final conclusions:-

Last 8 sessions trading between 9952-10227 with lower levels following supports and higher levels following resistances therefore firstly Nifty has to trade and prepare for next big moves within and near about this range as well as finally sustaining beyond this range will confirm next big moves which should also be watched in next week.

1- Supports between 9952-10019 
2- Resistances between 10177-10227 

Firstly Watch levels for next big moves confirmations

Intra Day Chart Analysis & Market Outlook

(02-04-2018)

Nifty-Intra Day Chart (28-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Derivative expiry led high volatility in last hours
3- Whole day actual trading between 10097-10158

Conclusions from intra day chart analysis 

As all the Global markets were weak last Friday therefore whole day negaive zone trading after gap down opening but some consolidation was also seen therefore indications of some up moves in the beginning of next week. 

Derivative expiry led high volatility in last hours and technical positions reverses during such high volatility therefore firstly sustaining beyond last Friday trading range(10097-10158) should be watched for the beginning of next decisive moves.

Last 8 sessions trading between 9952-10227 with lower levels following supports and higher levels following resistances therefore firstly Nifty has to trade and prepare for next big moves within and near about this range as well as finally sustaining beyond this range will confirm next big moves which shou;d also be watched in next week.

1- Supports between 9952-10019 
2- Resistances between 10177-10227 

As busy therefore Stock Market Outlook of today(28-03-2018) is not being updated

Levels will confirm the life of today started Pull Back Rally

Intra Day Chart Analysis & Market Outlook

(27-03-2018)

Nifty-Intra Day Chart (26-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Up moves with intraday corrections
3- Sharp Jump
4- Up moves in Bearish Rising Channel
5- Whole day actual trading between 9959-10143

Conclusions from intra day chart analysis 

As first 4 hours consolidation through down moves in Bullish Falling Channel and after that up moves with intraday corrections therefore after that sharp jump was seen. 

Minor profit booking also developed in last hours through Up moves in Bearish Rising Channel therefore firstly Nifty has to preperae for next decisive moves within today trading range,

Following levels are most important which should be firstly watchd in the coming sessions for the life of today started Pull Back Rally:-

1- 10175(Long Term trend decider 200 Day SMA)
2- 10142-10164(Resistances)
3- 10177-10207(Resistances)
4- 10214-10224(Resistances)

Pull Back rally towards and above 10100 in next week

Intra Day Chart Analysis & Market Outlook

(26-03-2018)

Nifty-Intra Day Chart (23-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 9962-10002
2- Consolidation between 9977-9987
3- All the down moves in Bullish Falling Channels
4- Whole day actual trading between 9952-10027

Conclusions from intra day chart analysis 

Although 1.15% negative closing after huge gap down opening and whole day deep Red trading last Friday but view is Bullish and Pull Back rally is expected towards and above 10100 in next week despite Dow Jones yesterday closing after loosing 424.69 points and SGX Nifty closing at 9916.50 after the loss of 75 points because:-

1- Good consolidation patterns formations in Indian markets.
2- Nifty out performed most Global markets and lost only 1.15% points while most Globl markets closed after loosing more than 2% points.

Correction continuation towards and below 10000 

Intra Day Chart Analysis & Market Outlook

(23-03-2018)

Nifty-Intra Day Chart (22-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- 60 Points jump after flat opening
2- Selling between 10177-10207
3- Selling between 10142-10164
4- Volatility in last 2 hours
5- Whole day actual trading between 10105-10207

Conclusions from intra day chart analysis 

Pull Back rally continuation was told yesterday and 60 Points jump was seen immediate after opening today despite weaker most Global markets but selling developed at higher levels therefore whole day slipping and closing at lower levels of the day. 

As follow up selling in Mid-session and volatility in last 2 hours which is also selling signal therefore following same view which was updated on 19-03-2018 in "Finally correction continuation towards and below 10000 amid only a Pull Back rally possibility ":- 

finally on going correction continuation towards and below 10000 

Pull Back rally continuation

Intra Day Chart Analysis & Market Outlook

(22-03-2018)

Nifty-Intra Day Chart (21-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Sharp up after gap up opening
2- Down moves in Bullish Falling Channel 
3- Whole day actual trading between 10133-10227

Conclusions from intra day chart analysis 

Although whole day slipping after gap up strong opening but Down moves were in Bullish Falling Channels therefore still Pull Back rally continuation is expected despite today closing near the lower levels of the day.

Today started Pull Back rally continuation expectations

Intra Day Chart Analysis & Market Outlook

(21-03-2018)

Nifty-Intra Day Chart (20-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Recovery from lower levels
2- Consolidation between 10092-10155
3- Whole day actual trading between 10050-10155

Conclusions from intra day chart analysis 

Although most depressed sentiment today morning due to weakness in most of the Global markets but firstly recovery from lower levels after weak opening and more than 4 hours consolidation therefore today started Pull Back rally continuation is expected tomorrow. 

As all the Asian markets will react on FOMC announcements on Thursday therefore intraday charts patterns formations of tomorrow will confirm post FOMC decisive moves which should also be firsly watched tomorrow for the strength of today started Pull Back rally. 

Finally correction continuation towards and below 10000 amid only a Pull Back rally possibility 

Intra Day Chart Analysis & Market Outlook

(20-03-2018)

Nifty-Intra Day Chart (19-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Whole day selling with intraday corrections
2- Whole day actual trading between 10076-10224

Conclusions from intra day chart analysis 

Although today lowest formations at 10075.30 but following topics are live proofs of this fact that we are continuously telling for such deepeer this level correction from 28-01-2018:-  

1- Following lines were told 4 days before Budget 2018-19 on 28-01-2018 in "11413.85 will confirm Rally continuation or 5 Waves Correction after Budget":-

1- firstly sustaining beyond 11413.85 should be watched in the coming weeks after Budget 
2- sustaining below it will mean 5 waves correction of whole rally from 2252.75 to any highest below 11413.85.

2- Following lines were told on 06-02-2018 in "Watch psychological level amid correction continuation expectations":-

Correction is on and its continuation is expected. As 13.0% retracement level(10,011) and 3rd supports range(10040-10175) are just above psychological of 10000 therefore firstly sustaining beyond 10000 should be watched in the coming weeks for the life of on going correction.

3- Following lines were told on 06-03-2018 in "Correction continuation is expected towards 10000":-

correction continuation is expected towards 10000

4- Following lines were told on 11-03-2018 in "Watch Levels amid correction continuation expectations":-

correction continuation towards and below 10000

As whole day selling with intraday corrections today also therefore same view of finally on going correction continuation towards and below 10000 but Very Short Term indicators have turned oversold thereforeonly a Pull Back rally may be seen any day.

(Just click above topic links and understand complete analysis)

As out of station therefore Stock Market Outlook of today(19-03-2018) is not being updated

Correction continuation towards next supports

Intra Day Chart Analysis & Market Outlook

(16-03-2018)

Nifty-Intra Day Chart (15-Mar-2018):-

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Technical Patterns formation in today intraday charts

1- Selling between 10407-10420
2- Selling between 10390-10405
3- Selling between 10378-10388
4- Whole day actual trading between 10347-10420

Conclusions from intra day chart analysis 

As whole day continuous selling therefore on going correction continuation is expected towards yesterday mentioned next supports.

Firstly watch supports and resistances for the life of on going correction

Intra Day Chart Analysis & Market Outlook

(15-03-2018)

Nifty-Intra Day Chart (14-Mar-2018):-

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channels
2- Sharp up moves in last hour
3- Whole day actual trading between 10337-10420

Conclusions from intra day chart analysis 

Although corection continuation through whole day negative zone trading but intraday consolidation patterns formations also through Down moves in Bullish Falling Channels and today closing near the higher levels of the day therefore signals of some up moves towards following resistances:-

1- 10446-10478
2- 10480-10520
3- 10548-10587

Next supports of Nifty are as follows:-

1- 10314-10341
2- 10150-10205

As last 1 month US markets led violent volatility in all the Global markets therefore firstly watch above mentioned supports and resistances for the life of on going correction and firstly sustaining beyond 10314-10478 should be watched for its 1st signal. 

Watch levels amid correction continuation expectations

Intra Day Chart Analysis & Market Outlook

(14-03-2018)

Nifty-Intra Day Chart (13-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10446-10478
2- Sharp fall
3- Lower levels supports
4- Whole day actual trading between 10378-10478

Conclusions from intra day chart analysis 

Resistance between 10480-10520 was updated yesterday in "Next resistancs will confirm correction completion" and Nifty retraced from just below it at 10478.60 today and more than 3 hours selling was also seen just below it between 10446-10478 therefore yesterday mentioned resistances have become stronger today.

3 Hours consolidation between 10314-10341 yesterday and more than 3 hours selling between 10446-10478 today therefore firstly sustaining beyond 10314-10478 should be watched for sharp correction continuation below 10314 and first signal of correction completion above 10478 but correction completion which will be considered only after sustaining above 10587.

As follow up selling today was just below yesterday mentioned resistances therefore finally correction continuation is expected below 10314.