9400 will confirm fresh Rally

Intra Day Chart Analysis & Market Outlook

(24-05-2017)

Nifty-Intra Day Chart (23-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Slipping after positive opening
2- Consolidation patterns formation between 9370-9400
3- Volatility in last 3 hours
4- Whole day actual trading between 9370-9448

Conclusions from intra day chart analysis 

As news of Indian Army attacks on Pakistani bunkers along LoC in Kashmir's Nowshera sector was in the pipe line therefore following reaction on Indian financial markets today morning:-

1- Indian Rupee weakened against USD($) by 28 Paise within first 32 minutes.
2- Nifty weakened by 64 points within first 40 minutes.  

Although today closing was near the lower levels of the day but consolidation patterns formation between 9370-9400 there view will not be Bearish and until Nifty will not sustain below 9370 till then decisive down moves will not be seen.

Last supports between 9373-9387 was updated yesterday in "Up moves expectations towards next resistances" and Nifty closed within this range at 9386.15 today as well as fresh consolidation was seen within this range today therefore expectations of fresh rally above 9400 are alive but sustaining it above should also be firstly watched for its continuation confirmations because today market and last hours volatility was above mentioned new led and technical positions reverses in such news led volatility also.  

Up moves expectations towards next resistances 

Intra Day Chart Analysis & Market Outlook

(23-05-2017)

Nifty-Intra Day Chart (22-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Whole day Down moves in Bullish Falling Channels
2- Whole day actual trading between 9428-9498

Conclusions from intra day chart analysis 

Following lines were told on 20-05-2017 in "Firstly Watch Most Crucial Level in Next Week":-

1- firstly up moves are expected in next week
2- but within last Friday trading range(9391-9505).

As was told 100% same happened and:-

1- Nifty moved up 70 points in first minute today.
2- Nifty traded whole day within last Friday trading range(9391-9505) between 9427.90-9498.65 today. 

Immediate supports of Nifty are as follows:-

1- 9427-9440 
2- 9391-9425
3- 9373-9387

Next resistances of Nifty are as follows:-

1- 9479-9505
2- 9518-9532

Last 9 sessions most time trading within 9373-9532 with above mentioned supports and resistance but up moves are firstly expected tomorrow towards next resistances because Whole day consolidation today through Down moves in Bullish Falling Channels and follow up consolidation is also firstly required in the coming sessions to cross resistances. 

Firstly Watch Most Crucial Level in Next Week

Intra Day Chart Analysis & Market Outlook

(22-05-2017)

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

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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):-

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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):-

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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):-

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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.

Today started correction continuation expectations

Intra Day Chart Analysis & Market Outlook

(12-05-2017)

Nifty-Intra Day Chart (11-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Selling between 9446-9450
3- Selling between 9436-9445
4- Whole day actual trading between 9412-9450

Conclusions from intra day chart analysis 

Very Short Term Correction possibility was told yesterday and Nifty closed near the intraday lower levels of the day today after higher levels good selling therefore firstly today started correction continuation is expected tomorrow, 

As good intraday consolidation above 9374 yesterday and equally good selling below 9450 today therefore Nifty will firstly slip towards 9374 and 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.

Rally Continuation after Very Short Term Correction completion

Intra Day Chart Analysis & Market Outlook

(11-05-2017)

Nifty-Intra Day Chart (10-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves after opening
2- Consolidation between 9374-9392
3- Slow up moves in last hour
4- Whole day actual trading between 9336-9414

Conclusions from intra day chart analysis 

As IMD forecast of better Mansoon yesterday evening therefore firstly up moves after positive opening and after that consolidation also between 9374-9392 but after that slow up moves in last hour therefore rally continuation is expected after Very Short Term Correction completion and until Nifty will not sustain below 9374 after complete selling till then decisive down moves will not be seen.

8308-8338 will confirm next Big Moves

Intra Day Chart Analysis & Market Outlook

(10-05-2017)

Nifty-Intra Day Chart (09-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8308-8321
2- Consolidation between 8310-8320
3- Selling between 8330-8338
4- Selling between 8324-8330
5- Selling between 8323-8330
6- Whole day actual trading between 8308-8338

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Intra Day Chart Analysis & Market Outlook(09-05-2017)":-

Firstly lower levels supports but after that most time sideways trading with Mixed Patterns formations therefore on going correction continuation/completion will get confirmation from valid break out today trading range(9298-9338) which should be firstly watched in the coming sessions.

As again whole day narrow range today trading with higher levels selling and lower levels consolidation means Mixed Patterns today and:-

1- Today whole day 30 points trading within yesterday trading range
2- Today closing within yesterday trading range at 8316.85

As last 2 sessions trading within 8308-8338 with Mixed Patterns formations and its valid break out will give first strong signal of next big moves which should be watched in the coming sessions for confirmations.

Intra Day Chart Analysis & Market 

Outlook(09-05-2017)

Nifty-Intra Day Chart (08-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Support between 9298-9310
2- Most time sideways trading with Mixed Patterns formations between 9307-9329
3- Whole day actual trading between 9298-9338

Conclusions from intra day chart analysis 

Firstly lower levels supports but after that most time sideways trading with Mixed Patterns formations therefore on going correction continuation/completion will get confirmation from valid break out today trading range(9298-9338) which should be firstly watched in the coming sessions.

As busy therefore Stock Market Outlook of today(08-05-2017) is not being updated.

Short Term Correction Expectations

Intra Day Chart Analysis & Market Outlook

(05-05-2017)

Nifty-Intra Day Chart (04-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling patterns formations between 9337-9356
2- Up moves in Bearish Rising Channel
3- Selling patterns formations between 9353-9365
4- Whole day actual trading between 9324-9365

Conclusions from intra day chart analysis 

Although today closing at life time highest level but today intraday charts are showing selling patterns formations therefore Short Term Correction is expected which may begin either tomorrow or in the beginning of next week.

Intra Day Chart Analysis & Market 

Outlook(04-05-2017)

Nifty-Intra Day Chart (03-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- More than 5 hours sideways trading with Mixed Patterns formations between 9299-9332
3- Whole day actual trading between 9299-9337

Conclusions from intra day chart analysis 

As today intraday charts showed some indications of consolidation immediately after opening therefore told following line at 09:57 AM today in "Post-open Outlook(03-05-2017)":-

view will be watchful and firstly valid break out of yesterday trading range(9270-9352) should be watched for next decisive moves confirmations.

As firstly down moves in Bullish Falling Channel and after that whole day trading with Mixed Patterns formations therefore same above levels watching view which was updated today morning because one sided intraday patterns formations were not seen today. 

Post-open Outlook(03-05-2017)

Although Nifty(May Fut) moved into negative zone after slipping from higher levels but today intraday charts are showing some indications of consolidation also therefore view will be watchful and firstly valid break out of yesterday trading range(9270-9352) should be watched for next decisive moves confirmations.

Correction Continuation Expectations towards next Supports

Intra Day Chart Analysis & Market Outlook

(03-05-2017)

Nifty-Intra Day Chart (02-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- 48 Points Pull Back Rally in first hour
2- Selling between 9335-9352
3- 82 points sharp down in 1 hour
4- Last 4 hours up moves in Bearish Rising Channels
5- Whole day actual trading between 9270-9352

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Finally slipping after a Pull Back Rally":-

1- Pull Back rally can not be ruled out tomorrow which will not sustain 
2- finally Nifty will slip below day's lowest(9283) in the next 1/2 sessions 

As was told yesterday 100% same happened today and firstly 48 Points Pull Back Rally was seen which could not sustain and Nifty slipped below 9283 towards 9269.90 within first 2 hours today.

Although last 4 hours up moves and  positive closing also today but those up moves were in Bearish Rising Channels therefore view will not be Bullish. As sufficient selling patterns formations today therefore correction continuation is expected towards next supports between 9253-9263. 

Finally slipping after a Pull Back Rally 

Intra Day Chart Analysis & Market Outlook

(02-05-2017)

Nifty-Intra Day Chart (28-Apr-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 9295-9314
2- Up moves in Bearish Rising Channel
3- Last 2 hours trading with Mixed Patterns formations between 9298-9318 
4- Whole day actual trading between 9283-9318

Conclusions from intra day chart analysis 

Although sufficiently good intraday selling patterns formations last Friday but Mixed Patterns formations were also seen between 9298-9318 in last 2 hours therefore a Pull Back rally can not be ruled out tomorrow which will not sustain and finally Nifty will slip below day's lowest(9283) in the next 1/2 sessions.

Very Short Term correction expectations

Intra Day Chart Analysis & Market Outlook

(28-04-2017)

Nifty-Intra Day Chart (27-Apr-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Down moves in Bullish Falling Channel
3- Support between 9335-9343
4- Selling between 9356-9366

Conclusions from intra day chart analysis 

Although some consolidation and supports also between 9335-9343 but sufficiently good selling was seen today therefore Very Short Term correction is expected in the coming sessions.

Intra Day Chart Analysis & Market 
Outlook(27-04-2017)

Nifty-Intra Day Chart (26-Apr-2017):-

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Technical Patterns and Formations in today intraday charts

1- 4 Hours trading with Mixed Patterns formations between 8339-8367
2- High volaility in last hour
3- Whole day actual trading between 8302-8367

Conclusions from intra day chart analysis 

Although closing near the higher levels of the day but 4 Hours today trading was with Mixed Patterns formations and high volatility in last hour also therefore some more consolidation is firstly required between and near about today trading range for decisive up moves above today highest because one sided clear intraday patterns were not seen today.

27 Sessions trading was seen 9020-9274 and this range was broken out on 25-04-2017 and previous 2 sessions closing was above it. 3 Sessions closing above 9274 will be technically break out confirmation,its happening tomorrow will mean fresh big rally after 27 sessions like big range break out confirmations.

Expected that rally will remain continued but after follow up consolidation between 8302-8367 which should also be watched tomorrow.

Firstly Watch sustaining beyond 27 sessions trading range for Next big moves confirmations

Intra Day Chart Analysis & Market Outlook

(25-04-2017)

Nifty-Intra Day Chart (24-Apr-2017):-

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Technical Patterns and Formations in today intraday charts

1- Positive opening after Dow's Futures trading more than 130 points up.
2- Whole day up moves after French news led Dow's Futures gaining 200 points and all European markets gaining 2% to more than 4%.
3- Whole day actual trading between 9131-9225

Conclusions from intra day chart analysis

As following news since today morning therefore whole day up moves after positive opening today:-

1- French stocks head for 9-year high after Macron win eases ‘Frexit’ fears
2- Dow industrials set to rocket up 200 points higher on relief over French vote

(Just click above topic links and go through whole news)

As whole day today up moves were due to global cues of easing ‘Frexit’ fears and as such no specific intraday trading pattern formations therefore firstly sustaining above previous 27 sessions trading range(9020-9274) highest is required because multiple resistances are lying above today highest and 9274.

Only Global cues led intraday up moves within previous 27 sessions trading range(9020-9274) today and finally sustaining it beyond should be watched in the coming sessions for next big moves because that will more than 27 sessions like big sideways market break out.