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which is updating Nifty & Indian Stock Markets
"Daily and Weekly accurate Outlooks" 
with "Intraday Charts Analysis"for the 
last more than "14 years" means from "2010"
For its live Proofs just see "Archive"
in the "bottom of this Website".
Expectations of sideways correction and consolidation for fresh rally
Intra Day Chart Analysis & Market Outlook
(26-06-2019)
Nifty-Intra Day Chart (25-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Whole day up moves with intraday corrections
2- Whole day actual trading between 11651-11814

Conclusions from intra day chart analysis 

Following 4 resistance ranges were updated on 22-06-2019 in "Firstly watch levels amid expectations of Rally continuation above life time highest":-

1- 11759-11809(Tested and closed within it today)
2- 11842-11934
3- 11968-12000
4- 12045-12097

As Global markets weakness today morning therefore firstly down moves after weaker opening but getting support at lower levels and after that whole day up moves with intraday corrections as well as today closing within above mentioned 1st resistance range. 

As multiple resistances are above today highest and Very Short Term indicators have also turned over bought after today rally therefore Very Short Term correction can not be ruled out and fresh consolidation is also required for sustaining above resistances. 

As Indian markets out performed all the Global markets also today therefore expected that Nifty will correct in sideways trading and consolidate for fresh rally in the coming sessions. 
Firstly Watch supports range after weaker Global cues led Red opening
Post-open Outlook(25-06-2019)

As most Asian markets are 0.50% to 1.20% weak today morning and Dow Jones Futures is also trading more than 50 points down therefore Indian markets slipped after Red opening today.

As supports of Nifty are lying between 1642-11727 and Nifty is trading within this range today therefore firstly valid break out of this range should be watched because today weakness is Global cues led and intraday consolidation was seen yesterday
Emergence of fresh rally beginning expectations
Intra Day Chart Analysis & Market Outlook
(25-06-2019)
Nifty-Intra Day Chart (24-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Sharp fall after positive opening
2- Consolidation between 11688-12715 
3- Down moves in Bullish Falling Channels
4- Whole day actual trading between 11671-11754

Conclusions from intra day chart analysis 

Although firstly sharp fall after positive opening and after that most time negative zone trading also but lower levels good consolidation patterns formations were seen today therefore it seems that Indian markets have statered consolidation process and emergence of fresh rally beginning expectations

As good selling at higher levels in the last 24 sessions also therefore follow up consolidation in the coming 2/3 sessions will mean decisive up moves towards and above last Saturday updated next resistances.
List of HERO TO ZERO 60 Stocks
1. Reliance Infra - 2500 > 42.70
2. Rel Capital - 2924 > 62
3. Rel Power - 430 > 4.15
4. R COM - 800 > 1.45
5. R NAVAL - 117 > 3
6. DHFL - 690 > 62.90
7. Jet Airways - 883 > 33
8. Jain Irrigation - 264 > 25
9. PC jewellers - 600 > 45
10. Vakrangee - 515 > 31
11. Suzlon - 400 > 3.35
12. Kwality - 225> 2.45
13. JP Associates - 339 > 2.70
14. JP Power - 140 > 1.90
15. JP Infra - 100 > 1.60
16. manpasand beverages - 500 > 28
17. Central Bank - 210 > 22
18. J&K Bank - 176 > 34.70
19. Mercator - 165 > 1.65
20. Aban offshore - 5400 > 35.40
21. Sintex Plastic Tech - 120 > 8
22. BPL 152 > 21
23. HDIL 1100 > 14.50
24. Videocon 760 > 1.70
25. MTNL 217 > 7.60
26. ILFS 308 > 3.10
27. Cox & King - 367 > 62.70
28. Mcleod Russel - 325 > 18.85
29. Eros Int - 643 > 25.80
30. LEEL Electricals - 340 > 7.30
31. Alok Ind 105 > 3.80
32. Subex 725 > 5.80
33. Adlabs - 207 > 4.05
34. Atlanta - 270 > 9.30
35. IFCI - 114 > 7.65
36. GMR Infra - 124 > 14.80
37. Uttam Galva - 172 > 7.55
38. Oil Country - 172 > 5.90
39. Punj Llyod - 580 > 1.25
40. Lovable lingerie - 612 > 69
41. Shree Renuka Sugar - 120 > 9
42. Patel Eng - 1020 > 18.80
43. RS Software - 400 > 20.75
44. On mobile - 361 > 31.15
45. Windsor machines - 150 > 25.10
46. Bartronics - 255 > 3.90
47. Rolta - 375 > 5.45
48. kohinoor food - 136 > 16.30
49. Dolphin offshore - 445 > 29.40
50. Snowman logist - 130 > 29.50
51. IRB INFRA 310 > 93
52. HEG 4500 > 1320
53. Varroc Engineers 1151 > 450
54. Goa Carbon 1185 > 340
55. Hotel leela 85 > 7.55
56. Vodafone Idea 118 > 11.35
57. Educomp 1100 > 1.50
58. VIP Clothing 100 > 11.70
59. Gati 290 > 57
60. GTPL 180 > 58

-------------------------------------

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MURPHY (रेडियो)
NOKIA (मोबाइल)
RAJDOOT (बाईक)
AMBASDOR (कार)

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समय के साथ बदलने की तैयारी करें।

इसलिए..
व्यक्ति को समयानुसार अपने व्यापार एवं अपने स्वभाव में भी बदलाव करते रहना चाहिये।

"Time to Time Update & Upgrade"

समयके साथ चलिये और सफलता पाईये ।
Firstly watch levels amid expectations of Rally continuation above life time highest
Technical Analysis,Research & Weekly Outlook
(Jun 24 to Jun 28,2019)
Nifty-EOD Chart Analysis(Modi ji's Victory gap)
Nifty-EOD Chart (21-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- 165 Points "Modi ji's Victory gap" supports formations between 11426-11591 on 20-05-2019 after Exit Polls results on 19-05-2019
2- Last 24 Sessions sideways trading between 11592-12103

Nifty-Previous 24 Sessions intraday charts analysis
Nifty-Intra Day Chart (May 20 to Jun 24,2019):-
Just click on chart for its enlarged view
Technical Patterns formation in last 24 Sessions intraday charts

1- Buying,selling and mixed Patterns formation in last 24 sessions 
2- 24 Sessions actual trading between 11592-12103 

Nifty-Intra Day Chart Analysis((21-06-2019)
Nifty-Intra Day Chart (21-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Selling between -11759-11809(Immediate Resistances)
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 11705-11827

Conclusions from EOD chart analysis

 Short Term Trend is sideways between 11592-12103 for the last 24 Sessions 

Conclusions from 24 Sessions intra day chart analysis 

As last 24 sessions trading between 11592-12103 with lower levels Buying and higher levels selling as well as one sideed technical positions not formations yet therefore Nifty has to trade and prepare for next decisive moves within this range and finally sustaining beyond this range will confirm big moves.

Conclusions from intra day chart analysis 

As firstly more than 4 hours selling in sideways trading range and after that up moves from lower levels in Bearish Rising Channel therefore last Friday trading will be understood from selling patterns formation and firstly some down moves are expected in the beginning of next week.

Conclusions (After Putting All Studies Together)

1- Long Term Trend is up
2- Intermediate Term Trend is up
3- Short Term Trend is sideways between 11592-12103 for the last 24 Sessions 

Although Short Term Trend is sideways between 11592-12103 but Intermediate Term Trend decider (55-Day SMA is today at 11684) is at at stake because Nifty is hovering around 11684 for the last 5 sessions and finally sustaining it beyond will confirmation of Intermediate Term Trend which will means its continuation from 3 weeks to 3 months.

As high expectations from Modi's Government therefore Nifty opened gap up by 165 points on 20-05-2019 after strong signals of Modi ji victory from exit Polls results on 19-05-2019. Until these expectations are alive till then this gap(11426-11591) will not be filled up and rally will remain continued without slipping below 11427 despite whatsoever negative news and sentiments from national and international forums.

Next supports of Nifty are as follows:-

1- 1642-11727
2- 55-Day SMA(today at 11684) 
3- "Modi ji's Victory gap"(11426-11591)

Next resistances of Nifty are as follows:-

1- 11759-11809
2- 11842-11934
3- 11968-12000
4- 12045-12097

Indian Stock markets reacted surprisingly on following news:-

1- No rally after Modi ji strong victory on 23rd May 2019.
2- Sharp fall after Smt Nirmala Sitaraman announcement as Finance minister on 31-05-2019

As above reactions and Nifty has turned sideway in the last 24 sessions between 11592-12103 as well as Union Budget on 05-07-2019 therefore expected that Indian markets will finally react on Budget and till then may remain sideways between 11427-12103 and finally sustaining beyond this range will confirm more than 10% move.As Short Term correction is on and and Volatility may remain high on Budget day or before also therefore lowest level of 23rd May 2019 gap(11427) has been updated.

Although supports,resistances and all the crucial levels have been updated above and should be firstly watched also but expected that finally rally will remain continued above life time highest(12103) after follow up consolidation within last 24 sessions trading range(11592-12103).
Next resistance range will confirm life of on going correction completion
Intra Day Chart Analysis & Market Outlook
(21-06-2019)
Nifty-Intra Day Chart (20-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Whole day up moves with intraday corrections
2- Whole day actual trading between 11636-11843

Conclusions from intra day chart analysis 

Although firstly down moves after weaker opening but getting support at lower levels and after that whole day up moves with intraday corrections because following positive cues from Global markets:-

1- All the Asian markets were in Green and some were more than .50% up.
2- All the European markets opened strong.
3- Dow's Futures recovered more than 140 points and was trading more than 200 points up at the time of Indian markets closing.

As today Pull Back Rally was Global markets led and closing was just below yesterday mentioned next 2nd resistance range(11842-11882) therefore firstly sustaining above it should be watched for the life of on going correction completion.
Firstly Watch levels for next Trend confirmations
Intra Day Chart Analysis & Market Outlook
(20-06-2019)
Nifty-Intra Day Chart (19-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Selling between 11772-11802(Immediate resistance)
2- Down moves in Bullish Falling Channels
3- Up moves in Bearish Rising Channel
4- Volatility in last 4 hours
5- Whole day actual trading between 11626-11802

Conclusions from intra day chart analysis

As some consolidation at lower levels yesterday and all the Global markets were blasting today morning therefore firstly up moves after Green opening but fresh selling developed and after that 176 points like big down moves were seen.

Although flat closing but Indian markets completely under performed all the Global markets and volatility with both condolidation and selling patterns were also seen in last 4 hours therefore no final conclusion can be formed only from today intraday patterns formations and following levels will be watched:-

1- 1st support range 55-Day SMA(today at 11670)
2- 2nd support range "Modi ji's Victory gap"(11426-11591) support which was formed on 20-05-2019 after Exit Polls results on 19-05-2019
3- 1st resistance range(11772-11802}
4- 2nd resistance range(11842-11882)

As following surprising Stock markets reactions on different news and Union Budget on 05-07-2019 therefore firstly watch sustaining beyond above levels for the life of on going correction and next trend formation:-

1- No rally after Modi ji strong victory on 23rd May 2019.
2- Sharp fall after Smt Nirmala Sitaraman announcemet as Finance menister on 31-05-2019
3- Fresh selling in Indian markets despite blasting Global markets today.
Up moves expectations towards next resistance range
Intra Day Chart Analysis & Market Outlook
(19-06-2019)
Nifty-Intra Day Chart (18-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Lower levels consolidations after sharp falls
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Whole day actual trading between 11642-11727

Conclusions from intra day chart analysis 

Although higher levels minor selling but lower levels good consolidation was also seen today therefore some up moves are expected tomorrow towards next resistance range(11842-11882) and finally sustaining beyond this resistance range will confirm life of on going correction. 
Finally 11670-11770 will confirm next trend
Intra Day Chart Analysis & Market Outlook
(18-06-2019)
Nifty-Intra Day Chart (17-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Slipping 67 points in first 6 minutes after positive opening.
2- Whole day continuous down moves and closing near lower levels of the day.
3- Whole day actual trading between 11658-11844

Conclusions from intra day chart analysis 

Although positive opening but Nifty slipped 67 points in first 6 minutes and whole day only down moves with closing near the lowest levels of the day.

As Nifty slipped and closed below 14 sessions lowest(11770) therefore Short Term Trend turning down confirmation. Nifty tested 55-Day SMA(today at 11670) also and finally sustaining it beyond will confirm the life of Mid Term Trend.

As Short Term indicators have turned oversold therefore a Pull Back rally can not be ruled out any day but until Nifty will not sustain above 11770 till then correction completion will not be considered and finally 11670-11770 will confirm next trend which should be watched tomorrow.
Finally Rally continuation above life time highest after fresh consolidation
Technical Analysis,Research & Weekly Outlook
(Jun 17 to Jun 21,2019)
Nifty-EOD Chart Analysis(Waves structure)
Nifty-EOD Chart (14-Jun-2019):-
Just click on chart for its enlarged view

Nifty-EOD Chart Analysis(Modi ji's Victory gap)
Nifty-EOD Chart (14-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 beginning from 6825.80 on 29-02-2016 after 1 financial year(2015-16) correction completion.
2- Corrective  Wave 2 beginning after Wave 1 completion at 8968.70 on 07-09-2016
3- Impulsive Wave 3 beginning after Corrective Wave-2 completion at 7893.80 on 26-12-2016
4- Corrective  Wave 4 beginning after Wave 3 completion at 11760.20 on 28-08-2018 
5- Impulsive Wave 5 beginning after Corrective Wave-4 completion at 10004.55 on 26-10-2018
6- Impulsive Wave-5 continuation with new life time top formation at 12103.00 on 03-06-2019
7- 165 Points "Modi ji's Victory gap" supports formations between 11426-11591 on 20-05-2019 after Exit Polls results on 19-05-2019
8- Last 19 Sessions sideways trading between 11592-12103
9- Last 14 Sessions sideways trading between 11770-12103

Nifty-Previous 14 Sessions intraday charts analysis
Nifty-Intra Day Chart (May 27  to Jun 14,2019):-
Just click on chart for its enlarged view
Technical Patterns formation in last 14 Sessions intraday charts

1- Crucial supports are at 11808
2- 14 sessions bottom at 11770
3- 14 sessions top at 12103 
4- Buying,selling and mixed Patterns formation above 11808 in last 14 sessions 
5- 14 Sessions trading between 11770-12103 

Nifty-Intra Day Chart Analysis(14-06-2019)
Nifty-Intra Day Chart (14-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Firstly fast slipping after flat opening
2- Mixed Patterns formation between 11842-11882
3- Sharp fall in last half hour
4- Whole day actual trading between 11798-11911

Conclusions from EOD chart analysis

1- Long Term Trend is up
2- Intermediate Term Trend is up
3- Short Term Trend is sideways between 11592-12103 for the last 19 Sessions

Conclusions from 14 Sessions intra day chart analysis 

Last 14 sessions most time trading above 11808 with all Buying,selling and mixed Patterns formation and Nifty slipped below it last Friday but closed above it without slipping below 14 sessions bottom(11770) therefore finally sustaining below following 2 levels should be watched in next week for deeper correction beginning towards 11592 confirmations:-

1- 11808
2- 11770

Conclusions from intra day chart analysis 

As all the Asian markets were in Red therefore firstly fast slipping after flat opening and Sharp fall in last half hour also but more than 5 hours trading with Mixed Patterns formation between 11842-11882 and genuine selling patterns formations were not seen therefore firstly sustaining below 11842 should be watched in the beginning of next week for decisive down moves confirmations.

Conclusions (After Putting All Studies Together)

Long and Intermediate Term Trends are up and Short Term Trend is sideways between 11592-12103 for the last 19 Sessions because Indian markets are preparing for next big moves within this range after 165 Points "Modi ji's Victory gap"(11426-11591) formation on 20-05-2019.

As last 14 sessions most time trading was above 11808 and Nifty slipped below it last Friday also but Mixed Patterns formation was seen above it and clear selling patterns were not seen therefore firstly sustaining beyond 11808  should be firstly watched in next week for fresh rally after on going correction completion or correction continuation towards 11592

As Budget for the current financial year(2019-20) will be presented in the Lok Sabha on July 5th and Finance Minister Nirmala Sitharaman capacities are not known yet therefore Indian markets may wait and prepare for post Budget decisive moves in the coming weeks.

It is confirm that Budget will fulfil Growth policies of Modi ji and finally rally will remain continued above life time highest(12103) after fresh consolidation between 11592-12103 in the coming weeks. 
Watch levels for next trend confirmations amid some up moves possibilities 
Intra Day Chart Analysis & Market Outlook
(14-06-2019)
Nifty-Intra Day Chart (13-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation between 11818-11865
3- Last hour Up moves in Bearish Rising Channel
4- Whole day actual trading between 11818-11931

Conclusions from intra day chart analysis 

As last 13 sessions most time trading is within 200 points between 11808-11934 therefore supports above 11808 has been updated many times in previous outlooks and Nifty got supports just above it at 11818 today.

Although lower levels consolidation today but some selling was also seen in last hour through Up moves in Bearish Rising Channel therefore more follow up consolidation is firstly required tomorrow for sustaining above today highest(11931)  

As lower levels consolidation today therefore supports above 11808 has been strengthen and follow up consolidation in the coming sessions will mean rally beginning towards and above next resistances(11968-12000)

As lower levels supports and higher levels resistances between 11808-12000 therefore Nifty will firstly trade and prepare for next trend within this range and finally sustaining it beyond should be watched for next trend confirmations amid some up moves possibilities after lower levels consolidation today.
Next trend confirmation from
 levels only
Intra Day Chart Analysis & Market Outlook
(13-06-2019)

Nifty-Intra Day Chart (12-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Selling between 11914-11934(Immediate resistance)
2- Slow up moves
3- Volatility in last hours between 11867-11920
4- Whole day actual trading between 11867-11934

Conclusions from intra day chart analysis 

Although flat opening but Nifty slipped 30 points within few seconds after opening and whole day actual trading was seen between 11867-11934 with higher levels selling and last hours volatility. 

Following lines were told on 10-06-2019 in "Firstly watch levels for next decisive moves confirmations":-

11808-11910 will be immediate supports of Nifty

Nifty traded more than 5 hours today within above mentioned supports range(11808-11910) with intraday volatility and fresh selling above it. As intraday technical positions reverses in volatility also therefore no final view can be formed only from today intraday patterns formations and next trend formations will be decided from valid break out following levels:-

1- 11808-11934(Upper trend 1st indication will be from 11934)
2- 11808-12000(Upper trend 2nd indication will be from 12000)

It must be kept in mind that most crucial sopports below 11808 are as follows:-

1- 11645-11730 
2- 11426-11591(Modi ji's victory Gap) 
Levels will confirm next trend
Intra Day Chart Analysis & Market Outlook
(12-06-2019)
Nifty-Intra Day Chart (11-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling ChannelS
2- Slow up moves in Mid-Session
3- Selling between 11968-12000
4- Whole day actual trading between 11905-12000

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Firstly watch levels for next decisive moves confirmations":-

1- 11808-11910 will be immediate supports of Nifty and until Nifty will not sustain below 11808 till then decisive down moves will not be seen.
2- higher levels selling was also seen below 11975 
3- Nifty has to trade and prepare for next decisive moves within  11808-11975 and firstly sustaining beyond this range should be watched in the coming sessions for next decisive moves confirmations. 

Although firstly lower levels consolidation but higher levels good selling was also seen therefore today trading will be understood with Mixed Patterns formation and same view with little change of levels that finally sustaining beyond 11808-11200 will confirm next trend which should be firstly watched in the coming sessions. 
Firstly watch levels for next decisive moves confirmations 
Intra Day Chart Analysis & Market Outlook
(11-06-2019)
Nifty-Intra Day Chart (10-Jun-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts
1- Selling between 11934-11975(immediate resistance)
2- Consolidation between 11872-11910
3- Whole day actual trading between 11872-11975

Conclusions from intra day chart analysis 

As good intraday consolidation last Friday and all the Asian markets were blasting as well as Dow Jones'S Futures was also more than 70 points up today morning therefore good up moves after positive opening but selling developed at higher levels and Nifty slipped from higher levels.

6 Hours consolidation Patterns formation between 11808-11897 last Friday and more than 3 hours consolidation within and above this range today also therefore 11808-11910 will be immediate supports of Nifty and until Nifty will not sustain below 11808 till then decisive down moves will not be seen.

Although positive closing today but Indian markets completely under performed Global markets and higher levels selling was also seen below 11975 therefore Nifty has to trade and prepare for next decisive moves within  11808-11975 and firstly sustaining beyond this range should be watched in the coming sessions for next decisive moves confirmations.   
Rally continuation above life time highest without sustaining below
 "Modi ji's victory Gap(11426-11591)"  
Technical Analysis,Research & Weekly Outlook
(Jun 10 to Jun 14,2019)
Nifty-EOD Chart Analysis
"Modi ji's gap"
Nifty-EOD Chart (07-Jun-2019):-
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Technical Patterns and Formations in EOD charts

1- 165 Points strong gap supports formations between 11426-11591 on 20-05-2019 after Exit Polls results on 19-05-2019
2- 165 Points was formed on the "high expectations like Bullet Trains recovery of Indian economy" after Modi ji's victory in 2019 Parliamentary elections therefore this gap will be told "Modi ji's gap"

Nifty-EOD Chart Analysis
Nifty-EOD Chart (07-Jun-2019):-
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Technical Patterns and Formations in EOD charts

1- Impulsive Wave 5 beginning from 10004.55 on 26-10-2018
2- Strong 165 points gap support formations between 11426-11591 on 20-05-2019
3- Last 14 sesions trading with both buying and selling after 165 points gap formations on 20-05-2019

Nifty-Previous 14 Sessions intraday charts analysis
Nifty-Intra Day Chart (May 20 to Jun 07,2019):-
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Technical Patterns formation in last 14 Sessions intraday charts

1- 165 Points strong gap supports formations between 11426-11591 on 20-05-2019 after Exit Polls results on 19-05-2019
2- Last supports of 14 sessions range are between 11645-11730
3- Crucial supports are at 11829.50
4- Both buying and selling above 11829.50 in last 11 sessions 
5- Consolidation between 11808-11897 on 07-06-2019 
6- 14 Sessions actual trading between 11592-12103 

Nifty-Intra Day Chart Analysis(07-06-2019)
Nifty-Intra Day Chart (07-Jun-2019):-
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Technical Patterns formation in today intraday charts

1- 6 Hours consolidation Patterns formation between 11808-11897
2- Whole day actual trading between 11770-11897 

Conclusions (After Putting All Studies Together)

It must be kept in mind that 165 Points like big gap between 11426-11591 was formed on 20-05-2019 after Exit Polls results on 19-05-2019. As this gap was formed on the "high expectations like Bullet Trains recovery of Indian economy" after Modi ji's victory in 2019 Parliamentary elections therefore this gap will be told:- 
"Modi ji's victory Gap" 
formation on 20-05-2019 and until these expections are alive till then Nifty will not sustain below 11591 and rally will remain contunued with new life time highs formations after fresh and follow up higher levels consolidations and corrections in the coming years.

1- Long Term Trend is up
2- Intermediate Term Trend is up
3- Short Term Trend is sideways between 11592-12103 for the last 14 Sessions

165 Points strong gap supports formations between 11426-11591 on 20-05-2019 after Exit Polls results on 19-05-2019 and after that Nifty is trading sideways between 11592-12103 for the last 14 Sessions. Although continuously supports getting above 11591 but Nifty is failing to sustain above 12000 also after fresh selling developments near about it in the last 11 sessions.

As Nifty is getting supports with rising bottoms after good consolidation between 11645-11730 and follow up consolidation also near crucial supports (11829.50) between 11808-11897 last Friday therefore fresh rally hopes above life time highest is alive but follow up consolidation is also required because multiple selling was also seen near about 12000.

As 6 Hours good consolidation between 11808-11897 last Friday therefore fresh up moves will be seen in the beginning of next week but sustaining above 12000 should also be firstly watched because selling was seen there and fresh consolidation is also required for sustaining above 12000.

Final budget for the current financial year(2019-20) will be presented in the Lok Sabha on July 5 and Finance Minister Nirmala Sitharaman capacities are not known yet therefore Indian markets may wait and prepare for post Budget decisive moves in the coming weeks but as per our views Budget will be good and rally will remain continued above life time highest without sustaining below 
"Modi ji's victory Gap(11426-11591)
Today lowest will confirm correction towards next supports
Intra Day Chart Analysis & Market Outlook
(07-06-2019)
Nifty-Intra Day Chart (06-Jun-2019):-
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Technical Patterns formation in today intraday charts

1- Selling on RBI rates expectations
2- Follow up selling in Mid-session
3- Whole day down moves with continuous selling
4- Whole day actual trading between 11830-12039

Conclusions from intra day chart analysis 

As Indian markets have not shown required strength despite 25 BPS rate cut possibility by RBI today therefore we cautioned and told following lines at 09:33 AM today in "Post-open Outlook(06-06-2019)":-

1- Indian markets have not shown any strength immediately after opening
2- firstly Nifty sustaining beyond 12000 should be watched today for the life of last Tuesday started correction.

Although following bullish atmosphere but Indian markets slipped whole day with continuous selling:-

1- 25 BPS rate cut by RBI,
2- Dow's Futures was more than 70 points up after its double century gains one day before.
3- All the European markets were more than .50% up.

Indian markets have shown weakness and today lowest was near crucial supports at 11829.50 as well as next supports below it are between 11645-11730. 

Correction is on and no signal of its completion yet. Firstly sustaining below today lowest should be watched tomorrow because that will confirm correction continuation towards next supports(11645-11730) 
Post-open Outlook(06-06-2019)

RBI Credit policy is at 11:45 AM today and posisive news is that 25 BPS rate cut possibility is on the cards but Indian markets have not shown any strength immediately after opening therefore firstly Nifty sustaining beyond 12000 should be watched today for the life of last Tuesday started correction.

Remain cautious also because RBI Credit policy led valatility may remain high.
Rally continuation expectations after follow up consolidation 
Intra Day Chart Analysis & Market Outlook
(06-06-2019)
Nifty-Intra Day Chart (04-Jun-2019):-
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Technical Patterns formation in today intraday charts

1- Minor selling
2- Down moves in Bullish Falling Channel 
3- Whole day actual trading between 12006-12095

Conclusions from intra day chart analysis 

Although firstly higher levels selling and some selling in Mid-session also but consolidation was also seen through Down moves in Bullish Falling Channels therefore whole day trading will be understood with Mixed Patterns formation between 12006-12095.

As last Tuesday trading will be understood only a very Short Term correction of last Monday strong rally and rally continuation above life time highest is expected after follow up consolidation within and near about 12006-12095. 
Rally continuation with intraday and Very Short Term corrections
Intra Day Chart Analysis & Market Outlook
(04-06-2019)
Nifty-Intra Day Chart (03-Jun-2019):-
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Technical Patterns formation in today intraday charts

1- Whole day rally with minor intraday corrections
2- Whole day actual trading between 11921-12103

Conclusions from intra day chart analysis 

As following negative developments therefore sentiment was much depressed today morning:-

1- Dow Jones"s Futures was trading more than 150 points down at the time of Indian markets opening.
2- Most Asian markets were trading in Red
3- Negative news was that US to end preferential trade treatment for India from June 5
4- GDP growth slumps to 5 years low at 5.8%

Although above dampening news but Inidian markets started to move up after flat opening and whole day rally remain continued with minor intraday corrections as well as Nifty closed at life time highest above 12000 today.

Rally is very much on and its continuation is expected with intraday and Very Short Term corrections. It should be kept in mind that until complete selling patterns will not develop on EOD charts till then any deeper correction will not be seen.
Firsly Watch Levels amid rally continuation expectations after fresh consolidation
Technical Analysis,Research & Weekly Outlook
(Jun 03 to Jun 07,2019)
Nifty-EOD Chart Analysis(Gap on 20-05-2019)
Nifty-EOD Chart (31-May-2019):-
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Technical Patterns and Formations in EOD charts

1- Impulsive Wave 5 beginning from 10004.55 on 26-10-2018
2- Strong 165 points gap support formations between 11426-11591 on 20-05-2019
3- Slow up moves in last 10 sesions after 165 points gap formations on 20-05-2019

Nifty-Previous 5 Sessions intraday charts analysis
Nifty-Intra Day Chart (May 27 to May 31,2019):-
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Technical Patterns formation in last 5 Sessions intraday charts
1- Lower levels consolidation and higher levels Mixed Patterns formation on 27-05-2019
2- Whole day consolidation through Down moves in Bullish Falling Channel on 28-05-2019
3- Higher levels Mixed Patterns formation and last hours consolidation through Down moves in Bullish Falling Channel on 29-05-2019
4- Whole day up moves with sideways consolidation and intraday corrections on 30-05-2019
5- Higher levels selling and lower levels Mixed Patterns formation on 31-05-2019
6- 5 Sessions actual trading between 11812-12039 

Nifty-Intra Day Chart Analysis(31-05-2019)
Nifty-Intra Day Chart (31-May-2019):-
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Technical Patterns formation in today intraday charts

1- Selling between 12003-12039
2- More than 3 hours trading with Mixed Patterns formation between 11876-11956
3- Whole day actual trading between 11830-12039

Conclusions from EOD chart analysis 

Rally is very much on but last 10 sessions up move are slow after Exit Poll results led 165 points gap up opening on 20-05-2019.

Conclusions from 5 Sessions intra day chart analysis 

Almost whole week consolidation and only some selling above 12000 last Friday therefore Nifty will firstly trade and prepare for next decisive moves within last 5 sessions trading range(11812-12039) and finally sustaining beyond this range with confirm next trend.

Conclusions from intra day chart analysis 

Although most Asian markets were weak after more than 150 points fall in Dow Jones's Futures but Inidan markets moved up fast because sentiment was Bullish after Modi ji's cabinet formations. As market mood was heated therefore some selling developed above 12000 and resultant sharp fall in Mid-Session.

As more than last 3 hours negative zone trading with Mixed Patterns formation between 11876-11956 therefore sustaining beyond this range will give first indication of next decisive move.

Conclusions (After Putting All Studies Together)

All trends are up and rally continuation but reuqired forceful up moves were not seen and slow up moves in last 10 sessions after most encouraging Exit Poll results led strong gap up opening on 20-05-2019. As Short Term indicators have turned overbought and indicators are showing negative divergence also therefore view has turned cautious.

1- Immediate and last resistances of Nifty are between 12003-12039
2- Immediate supports of Nifty are between 11854-11599

Multiple supports develpoed between 11854-11968 in first 4 sessions of previous week but Nifty traded more than 3 hours within it with Mixed Patterns formation between 11876-11956 last Friday therefore possibility of supports weakening between 11854-11968 can not be ruled out.

As crashing like situation in most Global markets and Indian markets slipped fast after higher levels selling last Friday therefore expected that Nifty will firstlly trade and prepare for next trend between previous week trading range(11812-12039) and finally sustaining beyond this range will confirm next trend which should be firstly watched in next week amid rally continuation expectations after fresh consolidation between 11812-12039.

Events in next week

1- Holiday- Ramzan Id on June 05,2019
2- RBI Credit Policy on Jun 06, 2019
Rally continuation above 12000
Intra Day Chart Analysis & Market Outlook
(31-05-2019)
Nifty-Intra Day Chart (30-May-2019):-

Technical Patterns formation in today intraday charts

1- Consolidation between 11905-11925
2- Down moves in Bullish Falling Channel
3- Intraday correction in last hour
4- Whole day actual trading between 11864-11968

Conclusions from intra day chart analysis 

Although Nifty closed near the lower levels of the day yesterday and all the European and US markets were also trading more than 1% down yesterday then following line was told yesterday in "Firstly Watch levels amid crashing Global markets":-

rally continuation above 12000 is still expected

As was told 100% same happened and rally towards 12000 was seen as well as Nifty closed after gaining 84 points today. 

As whole day today trading was with lower levels sideways consolidation and last hours consolidation through intraday corrections therefore rally continuation is expected above 12000 in the coming sessions.