Technical Analysis and Market Outlook(10-09-2014)

Nifty-Intra Day Chart (09-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8127-8142
2- Selling patterns in last half hours
3- Whole day actual trading between 8127-8174

Conclusions from intra day chart analysis 

Although some selling patterns in last half hour but lower levels supports and good consolidation was also seen therefore until Nifty will not sustain below yesterday lowest till then fresh up moves possibility after yesterday started correction completion  will remain alive. 

Pre-closing Outlook(09-09-2014)

As uncertainty due to judgement of 218 Coal blocks case therefore confusion and whole day negative zone trading with most time trading between 8127-8155 today. Intraday patterns of today are not showing selling patterns formations therefore deeper correction is not expected and fresh up moves expectations will remain alive after today started correction completion within Very Short Term correction mode.

If judgement is announced today then Indian markets will react accordingly tomorrow therefore its implications should be firstly understood also.

Mid-session Outlook(09-09-2014)

Supreme Court  to decide fate of 218 Coal blocks today and this judgement will decide next short Term Trend of Indian markets as well as high volatility may also be seen after the announcement of Judgement therefore implications of this Judgement should be firstly understood for the confirmation next Short Term direction of Indian Stock Markets.

Technical Analysis and Market Outlook(09-09-2014)

Nifty-Intra Day Chart (08-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 8129-8147
2- Mixed Patterns between 8145-8157 
3- Whole day actual trading between 8129-8180

Conclusions from intra day chart analysis 

Although first 5 hours trading with mixed pattern formations but forceful up moves in last hours because Indian markets are trading at life time high and general trader does not buy easily as well as sell fast at such extremely higher levels.  

Last 3 sessions selling between 8100-8139 and this range broken out forcefully today therefore rally continuation is expected in the coming sessions because:-

1- Indian markets are trading at life time high.
2- Complete selling patterns on daily charts are firstly required for any deeper correction.
3- As such selling patterns have not seen yet.

Minor intraday correction or 1/2 sessions Very Short Term correction may be seen after any rally but no possibility of any deeper correction at this moment and this fact should also be kept in mind that some times Bull markets correct at at higher levels also without slipping in intraday negative zone.

Mid-session Outlook(08-09-2014)

As higher  levels selling between 8100-8139 in last 3 sesions therefore Nifty could not rally above it despite strong recovery in first half hour today. Last 3 hours trading and preparation for next decisive trend between 8126-8149 today but intraday patterns have not shown any clear patterns yet therefore sustaining beyond 8100-8149 should be watched for next immediate moves confirmations. It should be kept in mind that clear break out of last 3 sessions selling range(8100-8139) is must for next decisive up moves.

Technical Analysis and Market Outlook(08-09-2014)

Nifty-Intra Day Chart (Sep 02 to Sep 05,2014):-

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Technical Patterns and Formations in last 4 Sessions intraday charts

1- 4 Sessions most time trading between 8064-8139.
2- Higher levels selling in last 3 sessions between 8100-8139
3- Lower levels supports in last 3 sessions between 8064-8082

Conclusions from 4 Sessions intra day chart analysis 

All trends are up and market is most Bullish but Oscillators are showing negative divergence in Overbought zone therefore correction is very much due also. It should be kept in mind that market require complete selling patterns on daily charts before any deeper correction and such patterns have not developed yet therefore depper correction will not be considered at this moment.

Last 4 Sessions sideways trading with higher levels selling and lower levels supports between 8064-8139 therefore Nifty will firstly remain range bound within this range and prepare for next decisive moves in the beginning of next week. As sometimes Bullish markets complete its correction in sideways mode also therefore this possibility should also be considered and valid break out of last 4 sessions range(8064-8139) should be first watched in the coming week for next decisive trend.

Outlooks will be updated today

As some urgency therefore Blog updating is interrupted in this week but regular updating will restart within next 1/2 days

As out of station therefore Outlooks may remain disrupted in next 1/2 days. Technical Analysis and Market Outlook(02-09-2014) is not being posted but Mid-session Outlooks may be updated on 02-09-2014.

Mid-session Outlook(01-09-2014)

Following conclusive line was told on 28-08-2014 in Pre-closing Outlook:-

rally continuation above 8000 is expected in next week.

As was predicted same happened and most time trading above 8000 with more than .75% gains today. As good consolidation last Thursday within previous resistance range and today also higher levels consolidation therefore rally continuation above 8000 is expected.

As I am out of station today therefore Weekly Outlook will not be posted but Mid-session Outlooks will be updated on 01-09-2014.

Pre-closing Outlook(28-08-2014)

Following conclusive line was told yesterday in Technical Analysis and Market Outlook(28-08-2014)

follow up consolidation is equally required because last resistance range(7940-7968) is strong.

Nifty traded whole day within above mentioned levels between 7940.80-7967.80 with intraday consolidation patterns formations therefore rally continuation above 8000 is expected in next week.

Live Proofs of Accurate Levels

Following conclusive line was told yesterday in Technical Analysis and Market Outlook(28-08-2014)

follow up consolidation is equally required because last resistance range(7940-7968) is strong.

Nifty traded within above mentioned levels between 7942.25-7967.80 in first 2 hours today and preparing for next decisive moves.

Mid-session Outlook(28-08-2014)

As first 2 hours intraday charts of today have shown mixed patterns formations therefore at present view is watchful and firstly sustaining beyond last resistance range(7940-7968) will be watched for next immediate trend confirmations.

Technical Analysis and Market Outlook(28-08-2014)

Nifty-Intra Day Chart (27-Aug-2014):-

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Technical Patterns and Formations in today intraday charts

1- Most time trading between 7934-7946
2- Down moves in Bullish Falling Channel within most time trading range.
3- Support between 7917-7928
4- Whole day actual trading between 7917-7946

Conclusions from intra day chart analysis 

Following lines were told  today at 08:11 AM in Technical Analysis and Market Outlook(27-08-2014)

As 5 hours Selling between 7940-7968 on 25-08-2014 which is just above yesterday selling range(7898-7915) therefore 7898-7968 will be understood strong resistance range and complete consolidation is must for decisive rally above life time highest.

As Indian markets were not prepared for any rally therefore Nifty traded most time within last 2 sessions selling ranges between 7934-7946 and prepared for next trend. Although slipping below most time trading range and sharp fall was also seen at 02:45 PM but today intraday charts are showing consolidation patterns also. 

Finally trading patterns of today will be understood a part of consolidation process and emergence of fresh rally continuation expectations in next week but follow up consolidation is equally required because last resistance range(7940-7968) is strong.

Pre-closing Outlook(27-08-2014)

Following lines were told today at 08:11 AM in Technical Analysis and Market Outlook(27-08-2014)

1- Although flat to positive Asian markets but SGX Nifty is trading more than 25 points up today morning therefore positive opening may be seen in Indian markets but immediate decisive up moves will not be seen
2- 7898-7968 will be understood strong resistance range therefore complete consolidation is must for decisive rally above life time highest.

Firstly more than 5 hours trading between 7926-7946 with consolidations and this range broken down also but as such selling not seen within this range therefore today sharp fall at 02:45 PM will be understood a part of cosolidation process and rally continuation expectations will remain a live in next week .

Technical Analysis and Market Outlook(27-08-2014)

Nifty-Intra Day Chart (26-Aug-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 7898-7915 
2- Consolidation between 7863-7884 
3- Whole day actual trading between 7863-7915

Conclusions from intra day chart analysis 

Importance of supports at 7856 was told in the all the Outlooks for yesterday trading and Nifty got supports just above it at 7862.45 yesterday as well as strong recovery also seen from lower levels. Although lower levels supports but higher levels good selling were also seen yesterday therefore firstly follow up consolidation is required for sustaining above yesterday highest(7915). 

As 5 hours Selling between 7940-7968 on 25-08-2014 which is just above yesterday selling rangeselling range(7898-7915) therefore 7898-7968 will be understood strong resistance range and complete consolidation is must for decisive rally above life time highest.

Although flat to positive Asian markets but SGX Nifty is trading more than 25 points up today morning therefore positive opening may be seen in Indian markets but immediate decisive up moves will not be seen because above mentioned resistances are lying at higher levels. 

Nifty will trade and prepare for next trend between 7856-7968 in the coming sessions and finally sustaining beyond this range will be next big trend confirmation.

Pre-closing Outlook(26-08-2014)

Following lines were told yesterday in Technical Analysis and Market Outlook(22-08-2014):-

1- Supports between 7856-7891 
2- high possibility of slipping towards above mentioned supports range
3- Firstly sustaining beyond 7856 should be watched in the coming sessions.

Importance of supports at 7856 was told in both previous Outlooks and Nifty got supports just above it at 7862.45 after slipping from intraday higher levels.

Although lower levels some supports but higher levels selling was also seen today therefore firstly sustaining beyond above mentioned supports+today trading range(7856-7915) and should be watched. 

Mid-session Outlook(26-08-2014)

Supports between 7856-7891 was updated yesterday in previous Outlook and this support is most crucial because Inverted Head and Shoulders Bullish pattern formation(its Neckline is at 7891) was seen within this range on 21-08-2014. Just click following link and understand above mentioned Bullish pattern formation structure:-

Technical Analysis and Market Outlook(22-08-2014)

Nifty is trading within above mentioned supports(7856-7891) for the last 1 hour and finally sustaining beyond this range should be watched for:-

1- Deeper correction confirmation below 7856
2- Yesterday started correction completion above 7891

Technical Analysis and Market Outlook(26-08-2014)

Nifty-Intra Day Chart (25-Aug-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 7940-7968 in first 5 hours
2- Down moves in last hour
3- Whole day actual trading between 7898-7968

Conclusions from intra day chart analysis 

Although down moves in last hour today but we told about it well before its happening and told following lines:-

1- At 2:32 PM on 22-08-2014 in Mid-session Outlook(22-08-2014):-"minor down moves below today lowest(7903) can not be ruled out"
2- At 01:44 AM on 25-08-2014 in Technical Analysis,Research & Weekly Outlook(Aug 25 to Aug 28,2014):- "emergence of Short Term correction possibility before next decisive and strong rally above life time high(7929)"

4 Sessions sideways trading between 7856-7929 in previous week with following supports and resistances:-

1- Resistances between 7898-7929
2- Supports between 7856-7891 

As today closing is within above mentioned resistance range and good selling just above it today between 7940-7968 therefore complete consolidation is required for any decisive rally above today highest and high possibility of slipping towards above mentioned supports range. Firstly sustaining beyond 7856 should be watched in the coming sessions for:-

1- Deeper correction below 7856
2- Today started correction completion above 7856

No guessing and sustaining beyond 7856 should be firstly watched for above mentioned moves because next big trend of Indian markets will be decided according to follow up moves in the coming sessions.

Mid-session Outlook(25-08-2014)

All trends are up and Bullish rally is very much on but indicators are showing negative divergence in Overbought zone as well as selling patterns formations were also seen in last 4 sessions intraday charts. Although continuous up moves since opening today but without force and on the back of more than 50 points up Dow's Futures and strong European markets also therefore View will remain cautious because emergence of Short Term correction possibility.

Post-open Outlook(25-08-2014)

As Bull markets consolidate at higher levels also therefore strong recovery immediately after opening but confirmation through follow up consolidation and sustaining above 7929 is must for fresh decisive rally.