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):-

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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.

Next resistancs will confirm correction completion 

Intra Day Chart Analysis & Market Outlook

(13-03-2018)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 10314-10341
2- Strong up moves in last hours
3- Whole day actual trading between 10302-10433

Conclusions from intra day chart analysis 

As all the Asian markets were blasting today morning therefore gap up strong opening and 3 hours consolidation between 10314-10341 therefore this range will be immediate support of Nifty.  

Next resistances between 10379-10441 was updated yesterday in "Watch Levels amid correction continuation expectations" and Nifty closed within this range today. As today sharp rally was on the back of strong global cues therefore more confirmation is required for on going correction completion which will be after sustaining above following next resistance otherwise today up moves will be understood global markets reaction only but decisive down moves will be seen only after sustaining below 10314:-

1- Resistance between 10480-10520
2- Resistance between 10548-10587

Watch Levels amid correction continuation expectations

Intra Day Chart Analysis & Market Outlook

(12-03-2018)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10256-10288
2- Sharp fall in last hour
3- Whole day actual trading between 10212-10296

Conclusions from intra day chart analysis 

As more than 4 hours selling therefore finally correction continuation is expected in next week.

SGX Nifty closed 136.50 points up after strong rally in US markets last Friday therefore strong opening can not be ruled out in Indian markets if as such US markets like strength remains in Asian markets also on Monday morning. As next resistances are lying between 10379-10441 also therefore expected that Nifty will not sustain above 10379.

Although expected that finally correction will remain continued below last Friday lowest but for precaution sustaining beyond 10441 should also be watched if Global markets remains extremely strong otherwise follow up selling in the beginning of next week will mean correction continuation towards and below 10000.

As still not feeling well therefore Stock Market Outlook of today(09-03-2018) is not being updated

As not feeling well therefore Stock Market Outlook of today(08-03-2018) is not being updated

Correction continuation is expected towards 10000

Intra Day Chart Analysis & Market Outlook

(07-03-2018)

Nifty-Intra Day Chart (06-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- More than 4 hours seling between 10379-10441
2- Sharp fall in last hours
3- Whole day actual trading between 10216-10441

Conclusions from intra day chart analysis 

As more than 4 hours seling between 10379-10441 therefore closing near lower levels of the day after sharp fall in last hours means that correction is very much on for which we are continuously from 28-01-2018.

last 18 sessions trading was between 10277-10637 and this range was broken down as well as today closing was below it therefore correction continuation is expected towards 10000.

As busy in a marriage therefore Stock Market Outlook of today(06-03-2018) is not being updated

Correction continuation expectations

Intra Day Chart Analysis & Market Outlook

(05-03-2018)

Nifty-Intra Day Chart (01-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 in Bearish Rising Channel
3- Down moves with selling patterns
4- Whole day actual trading between 10448-10525

Conclusions from intra day chart analysis

Although firstly Down moves in Bullish Falling Channel after positive opening but after that most time selling patterns formations therefore on going correction continuation is expected in the beginning of next week.

Bearish view

Intra Day Chart Analysis & Market Outlook

(01-03-2018)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10490-10508
2- Up moves in Bearish Rising Channel
3- volatility in last hours
4- Whole day actual trading between 10462-10535

Conclusions from intra day chart analysis 

As crashing like situation in all Global markets therefore huge gap down opening and intraday selling patterns formations also therefore view will be Bearish.

Good news of India replaces China as world's fastest growing economy after GDP growth at 7.2% in Q3 therefore volatility may remain high tomorrow also but until Nifty will not sustain above today highest till then decisive up moves will not be seen.

Firstly watch levels for the life of
Pull Back Rally

Intra Day Chart Analysis & Market Outlook

(28-02-2018)

Nifty-Intra Day Chart (27-Feb-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Sharp down in first hour
2- More than 5 hours trading with Mixed Patterns formation between 10538-10578 
3- Whole day actual trading between 10538-10631

Conclusions from intra day chart analysis 

Following line was told on 18-02-2018 in "Firstly watch levels for next week big moves confirmations":-

valid break out of 10399-10637 should also be watched in next week for big moves confirmations.

Importance of 10399-10637 was repeated 2 times also in previous sessions outlooks and Nifty retraced from 10631.65 today which is first signal of previous week started Pull Back Rally completion.

As more than 5 hours trading with Mixed Patterns formation between 10538-10578 today therefore firstly sustaining it beyond should be watched in the coming sessions for the life of Pull Back Rally. 

Pull Back Rally continuation towards next resistances

Intra Day Chart Analysis & Market Outlook

(27-02-2018)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Up moves with intraday corrections
2- Consolidation between 10557-10578
3- Minor profit booking at higher levels
4- Whole day actual trading between 10521-10592

Conclusions from intra day chart analysis 

Although minor profit booking at higher levels but good consolidation at lower levels also therefore on going Pull Back Rally continuation is expected towards following next resistances:- 

1- 10598-10637
2- 10664-10700
3- 10703-10736(Gap resistance)

Watch levels for next trend confirmations amid Pull Back Rally continuation expectations

Intra Day Chart Analysis & Market Outlook

(26-02-2018)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Up moves with intraday corrections
2- More than last 3 hours slow up moves
3- Whole day actual trading between 10397-10499

Conclusions from intra day chart analysis 

Following line was told in previous outlook on 21-02-2018 in "Emergence of Pull Back Rally possibility":-

emergence of Pull Back Rally possibility in the coming sessions but follow up consolidation is must for sustaining above 10429

As good follow up consolidation on 22-02-2018 therefore strong rally was seen on 23-02-2018 through up moves with intraday corrections but last hours up moves were slow therefore some more consolidation is firstly required near about last Friday highest(10499) for rally continuation.

It is clear that last Friday strong up moves were after 2 previous sessions good intraday consolidation between 10343-10376 therefore until complete selling will not develop till then decisive down moves will not be seen below 10343 and following next trend will be seen after valid break out of last 12 sessions trading range(10399-10637)

1- Below 10399 will mean correction continuation towards next supports(10343-10376 and 10277-10372)
2- Above 10612 first will mean strong signal of correction completion.

Just watch above levels for next trend confirmations amid Pull Back Rally continuation expectations in the beginning of next week.

As busy therefore Stock Market Outlook of today(23-02-2018) is not being updated