Down moves expectations below 

today lowest

Nifty-Intra Day Chart Analysis & 

Market Outlook(07-10-2022)

Nifty-Intra Day Chart (06-Oct-2022):-

Technical Patterns formation in today intraday charts

1- Up moves after gap up strong opening

2- Selling between 17380-17428

3- Selling between 17348-17362

4- Whole day actual trading between 17314-17428

Conclusions from intra day chart analysis 

Although firstly up moves after gap up strong opening but higher levels selling developed therefore slipping. As follow up selling in last hour also therefore down moves are expected below today lowest.

17287 will confirm next intraday decisive moves

Nifty-Intra Day Chart Analysis & 

Market Outlook(06-10-2022)

Nifty-Intra Day Chart (04-Oct-2022):-

Technical Patterns formation in today intraday charts

1- Whole day up moves with intraday corrections

2- Whole day actual trading between 17118-17287

Conclusions from intra day chart analysis 

As whole day up moves with intraday corrections after strong opening therefore up moves are expected but Very Short Term indicators have turned Over bought therefore expected that Nifty will firstly trade and prepare for next intraday decisive moves near about last Tuesday highest(17287). As follow up moves and finally sustaining it beyond will confirm it hence should be firstly watched for its confirmations.

 As not feeling well therefore unable to update tomorrow(04-10-2022) Market Outlook 

Post RBI Credit policy rally requires

 confirmations from Levels

Nifty-Intra Day Chart Analysis & 

Market Outlook(03-10-2022)

Nifty-Intra Day Chart (30-Sep-2022):-

Technical Patterns formation in today intraday charts

1- Firstly slipping 70 points after weaker opening

2- Sideways trading between 16745-16836 before RBI Credit policy

3- Strong rally after RBI Credit policy

4- Intraday correction in last hours 

5- Whole day actual trading between 16745-17187

Conclusions from intra day chart analysis 

As I was out of station therefore could not update Weekly Outlook of this week but posting Market Outlook of 03-10-2022.

Although firstly slipping 70 points after weaker opening and traded most time in negative zone before RBI Credit policy announcements beginning but market welcomed Credit policy and after that strong rally was seen. As Very Short Term intraday indicators turned Overbought therefore Intraday correction developed in last hours,   

As last Friday rally was RBI Credit policy led and Nifty could not test next gap resistance between 17197-17292 as well as intraday correction was seen from 10 points below it(17187) therefore expected that Nifty will firstly traded within last Friday trading range in the beginning of next week and finally:-

1- Sustaining above 17292 will confirm strong rally beginning.

2- Sustaining below 16745 will confirm next phace of correction beginning.