Levels will confirm sharp fall 

after follow up selling

Nifty-Intra Day Chart Analysis & 

Market Outlook(09-09-2021)

Nifty-Intra Day Chart (08-Sep-2021):-

Technical Patterns formation in today intraday charts

1- First 3 hours selling between 17350-17373

2- Sharp fall in Mid-session

3- Slow up moves in last hours

4- Whole day actual trading between 17255-17383

Conclusions from intra day chart analysis 

As first 3 hours selling therefore sharp fall was seen in Mid-session but continuous up moves developed after 01:00 PM. Although today closing was near the higher levels of the day but last hours up moves were slow and today closing(19353.50) was within first 3 hours selling range therefore if follow up selling develops tomorrow then sharp fall will be seen and its first strong signal will be sustaining below today selling range(17350-17373)

 Firstly watch today trading range for next Short Term trend confirmations

Nifty-Intra Day Chart Analysis & 

Market Outlook(08-09-2021)

Nifty-Intra Day Chart (07-Sep-2021):-

Technical Patterns formation in today intraday charts

1- 114 Points fall in first hour

2- 149 Points recovery in Mid-session

3- 90 Points down in last 3 hours

4- Whole day actual trading between 17287-17436

Conclusions from intra day chart analysis 

As intraday charts have shown some selling patterns yesterday therefore 114 points fall was seen in first hour and Nifty traded 90 points negative also but after that 149 points recovered in Mid-session. 

Nifty could not sustain at higher levels and slipped 90 points in last 3 hours. As only intraday volatility was seen today and any particular big technical pattern could not develop as well as Nifty traded above and below yesterday highs and lows therefore next Short Term trend will get confirmation through sustaining beyond or forceful break out/down of today trading range(17287-17436) which should be firstly watched in the coming sessions.

 Today lowest will confirm 

Short Term correction 

Nifty-Intra Day Chart Analysis & 

Market Outlook(07-09-2021)

Nifty-Intra Day Chart (06-Sep-2021):-

Technical Patterns formation in today intraday charts

1- Whole day trading with Mixed Patterns formation between 17346-17429

2- Whole day actual trading between 17346-17429

Conclusions from intra day chart analysis 

Although whole day positive zone trading after gap up opening and Nifty closed also 54 points positive also but clear consolidation patterns were not seen and intraday selling patterns have also developed today. 

As Short term indicators are showing negative divergence in Over bought zone and today intraday charts have shown some selling patterns also therefore if follow up selling develops in the coming 1/2 sessions then Short Term correction(which may be deeper also) will be seen and its confirmation will be sustaining below or forceful break down of today lowest(17346). 

Bullish rally continuation & correction consideration only after complete selling patterns formations

Technical Analysis,Research & Weekly Outlook

(Sep 06 to Sep 09,2021)

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (03-Sep-2021):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 continuation with recent high and new life time top formation at 17340.10 on 03-09-2021

2- Stochastic- %K(5) is at 90.94 & %D(3) is at 90.46

3- Stochastic- Both lines have turned flat in Over bought zone.

4- In MACD- MACD line has intersected Average line upward.

5- In MACD- Both lines are rising in positive zone.

 

Conclusions from EOD chart analysis

(Stochastic & MACD)

As in Stochastic both lines have turned flat in Over bought zone therefore emergence of Short Term correction signals.

As in MACD both lines are rising in positive zone after MACD line upward intersection of Average line therefore it is showing that upward trend is still intact and on going rally continuation will be seen in the beginning of next week.

Nifty-Intra Day Chart Analysis

(03-Sep-2021)

Nifty-Intra Day Chart (03-Sep-2021):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel

2- Up moves with downward corrections

3- Whole day actual trading between 17213-17340

Conclusions from intra day chart analysis 

As whole day intraday consolidation through Down moves in Bullish Falling Channel and after that Up moves with downward corrections as well as clear selling patterns were not seen therefore on going rally will remain continued in the beginning of next week.

Conclusions

(After Putting All Studies Together)

All the trends are up,strong Bullish rally continuation and no indication of its completion on EOD and intraday charts yet therefore rally will remain continued in the beginning of next week.

MACD indicator is showing up trend therefore indications of rally continuation but in Stochastic indicator emergence of Short Term correction signals which will be seen only after complete selling patterns formations on intraday and EOD charts.

Rally will remain continued in the beginning of next week because last friday closing was at life time highest after new life time top formation at 17340.10 and clear intraday selling patterns were also not seen. 

Let complete selling patterns develop on EOD and intraday charts then Short/Intermediate Term correction will be considered according to the size and period of selling patterns formations otherwise Bullish rally will remain continued with intraday or 1/2 sessions corrections.

 Rally continuation with some selling possibility at intraday higher levels

Nifty-Intra Day Chart Analysis & 

Market Outlook(03-09-2021)

Nifty-Intra Day Chart (02-Sep-2021):-

Technical Patterns formation in today intraday charts

1- Whole day up moves with downward corrections

2- Whole day actual trading between 17060-17245

Conclusions from intra day chart analysis 

As good intraday selling yesterday therefore consolidation was required for decisive up moves and it was done through continuous whole day up moves with downward corrections and closing was at life time highest after new life time top formation.

No intraday selling pattern formation today as well as no resistance above today highest also therefore rally will remain continued. Let intraday selling patterns develop then correction will be considered on daily basis according to size and periods of selling patterns formations.

As sentiment turned heated after today strong rally therefore some selling may be seen at intraday higher levels and volatility will also remain high tomorrow.

 Sideways between 16849-17225 

for next decisive moves preparation

Nifty-Intra Day Chart Analysis & 

Market Outlook(02-09-2021)

Nifty-Intra Day Chart (01-Sep-2021):-

Technical Patterns formation in today intraday charts

1- Selling between 17171-17225 (immediate Resistances)

2- Selling between 17097-17144 (immediate Resistances)

3- Whole day actual trading between 17056-17225

Conclusions from intra day chart analysis 

Following conclusive lines were told yesterday in "Rally after little deeper correction":-

Short Term correction may be little deeper than today and towards following supports:- 

1- 17042-17067

2- 16916-16994

3- 16849-16876

As was told 100% same happened and correction remain continued upto yesterday mentioned 1st supports range(17042-17067) with today lowest within it at 17,055.05 and today closing just above it at 17076.25.

As lower levels above mentioned supports and fresh resistances developed within above mentioned 2 selling ranges today therefore Nifty will remain sideways between 16849-17225 in the coming sessions and prepare for next decisive moves. 

Let fresh intraday technical patterns develop then Outlook will formed accordingly and till then Nifty will roll between above mentioned supports and resistances.

 Rally after little deeper correction

Nifty-Intra Day Chart Analysis & 

Market Outlook(01-09-2021)

Nifty-Intra Day Chart (31-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Short Term sideways correction and consolidation between 16916-16994

2- Last 4 hours moves with downward corrections

3- Whole day actual trading between 16916-17153

Conclusions from intra day chart analysis 

As firstly consolidation after Short Term sideways correction therefore rally continuation till last minutes and closing at the top of the day.

Only consolidation and no intraday selling patterns formations today therefore rally will remain continued. As sentiment has tuned too much heated therefore intraday and Short Term correction may be little deeper than today and towards following supports:- 

1- 17042-17067

2- 16916-16994

3- 16849-16876

Rally after Short Term correction

Nifty-Intra Day Chart Analysis & 

Market Outlook(31-08-2021)

Nifty-Intra Day Chart (30-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Whole day up moves with downward corrections

2- Whole day actual trading between 16764-16951

Conclusions from intra day chart analysis 

As whole day up moves with downward corrections after gap up opening and intraday selling patterns were not seen therefore rally will remain continued but Short Term indicators have turned overbought hence firstly Short Term correction may be seen which may be sideways also.

 Rally continuation amid only 

Short Term correction signals

Technical Analysis,Research & Weekly Outlook

(Aug 30 to Sep 03,2021)

Nifty & Bank Nifty Weekly Outlook

(Aug 30 to Sep 03,2021)

Nifty-EOD Chart (27-Aug-2021):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-C completion and Impulsive Wave-1 beginning from 7511.10 on 24-03-2020  

2- Impulsive Wave-1 completion at 11794.30 on 31-08-2020

3- Corrective Wave-2 completion at 10790.20 on 24-09-2020

4- Impulsive Wave-3 completion at 15431.8 on 16-02-2021

5- Corrective Wave-4 completion at 14151.4 on 22-04-2021

6- Impulsive Wave-5 continuation with recent high and new life time top formation at 16722.00 on 27-08-2021

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-5 continuation with recent high and new life time top formation at 16722.00 on 27-08-2021. As last Friday closing was above last 10 sessions trading range and no indication of impulsive Wave-5  completion on EOD charts yet therefore its continuation above life time top(16722) is expected in next week.

Nifty-EOD Chart Analysis

(MACD & Stochastic)

Nifty-EOD Chart (27-Aug-2021):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 continuation with recent high and new life time top formation at 16722.00 on 27-08-2021

2- Stochastic- %K(5) is at 83.08 & %D(3) is at 74.45

3- Stochastic- %K(5) line has intersected %D(3) line upward and both lines are rising within and towards Over bought zone.

4- Stochastic is showing negative divergence.

5- In MACD- MACD line  has intersected Average line upward.

6- In MACD- MACD line  has flattened and Average line is rising in positive zone.

 

Conclusions from EOD chart analysis

(Stochastic & MACD)

Although Stochastic is showing negative divergence but its both lines are rising within and towards Over bought zone and has not been completely Over bought yet as well as %K(5) line has not intersected %D(3) line downward therefore indications of some more up moves which will be firstly seen in the beginning of next week. As %K(5) is completely Overbought and & %D(3) is just below Overbought zone therefore cautious approach is required because this indicator will be completely Overbought after some more up moves and start to give selling signals also.  

In MACD indicator MACD line  has intersected Average line upward. Although Average line is rising in positive zone but it  has flattened therefore indicating that Downward trend may begin in Short term hence Bulls should remain cautious.'

Nifty-Last 10 Sessions intraday 

charts analysis

Nifty-Intra Day Chart (Aug 13 to Aug 27,2021):-

Technical Patterns formation in last 10 Sessions intraday charts

1- Selling(Resistances) in last 10 Sessions are as follows:-

A- 16661-16701

B- 16631-16652(Minor resistances)  

2- Consolidation(Supports) in last 10 Sessions are as follows:-

A- 16674-16722

B- 16625-16642(Minor support)

C- 15527-15542

D- 15509-15526

E- 15407-15465 

3- Last 10 Sessions actual trading between 16376-16722 

Conclusions from 10 Sessions 

intra day chart analysis 

As lower levels good supports and higher levels equally good resistances were seen in previous 9 sessions before last Friday therefore almost whole day up moves were with consolidation through downward corrections and closing was near the top of the day and at life time highest also.

Although firstly up moves will be seen in the beginning of next week but strong resistances were below 16701 and sustaining above it should also watched for rally continuation.

Nifty-Intra Day Chart Analysis & 

Market Outlook(30-08-2021)

Nifty-Intra Day Chart (27-Aug-2021):-

Technical Patterns formation in today intraday charts

1- 76 Points sharp fall below 16600 after flat opening in first 15 minutes

2- Up moves with downward corrections

3- Last 4 hours slow up moves with downward corrections between 16674-16722

4- Whole day actual trading between 16565-16722

Conclusions from intra day chart analysis 

As good selling above 16631 in last 6 sessions therefore firstly 76 Points sharp fall below 16600 last Friday but consolidation started through Up moves with downward corrections which remained continued till last hour. 

Strong resistances were between 16661-16701 and fresh consolidation was required for decisive up moves therefore last 4 hours up moves between 16674-16722 were slow and with downward corrections and last Friday closing was at life time highest after new life time top formation. 

As whole day good intraday consolidation last Friday therefore firstly up moves above last Friday(16722) will be seen in the beginning of next week.

Conclusions

(After Putting All Studies Together)

All the trends are up,Bullish rally continuation and no indication of rally completion on EOD and intraday charts yet therefore rally continuation is expected in the beginning of next week. 

As indicators are showing that Short Term correction is on cards and good resistances were below 16701 therefore fresh consolidation is also required near about it for sustaining above it.

Although rally continuation but Short Term indicators are showing only Short Term correction signals therefore it may be seen if fresh selling patterns develops on intraday and EOD charts.

Short Term correction below 16600

Nifty-Intra Day Chart Analysis & 

Market Outlook(27-08-2021)

Nifty-Intra Day Chart (26-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Selling between 16650-16683

2- Selling between 16631-16652

3- Whole day actual trading between 16604-16683

Conclusions from intra day chart analysis 

Previous resistances were between 16661-16701 and fresh selling was seen within this range today also therefore expected that Short Term correction will be seen below 16600 in the coming sessions.

 Short Term correction expectations

Nifty-Intra Day Chart Analysis & 

Market Outlook(26-08-2021)

Nifty-Intra Day Chart (25-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Selling between 16661-16695

2- Support between 16625-16642

3- Whole day actual trading between 16618-16712

Conclusions from intra day chart analysis 

Selling was seen between 16661-16701 on 26-08-2021 and follow up selling developed within this range between 16661-16695 today also therefore closing was near lower levels of the day after slipping from higher levels.

As some support in last hour between 16625-16642 therefore some up moves can not be ruled out towards 16700 but expected that finally Short Term correction will be seen below today lowest 16618.

  As busy therefore Stock Market Outlook of today(25-08-2021) is not being updated but tomorrow(26-08-2021) Outlook will be posted positively.

  As still out of station therefore Stock Market Outlook of today(24-08-2021) is not being updated.

 As out of station therefore Stock Market Outlook of today(23-08-2021) is not being updated.

 Firstly watch 16481 for Short Term 

Correction beginning confirmations

Nifty-Intra Day Chart Analysis & 

Market Outlook(20-08-2021)

Nifty-Intra Day Chart (18-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Selling between 16661-16701

2- Down moves in Bullish Falling Channels

3- Whole day actual trading between 16536-16701

Conclusions from intra day

chart analysis 

Although higher levels selling after positive opening but lower levels consolidation was also seen in last 3 hours through Down moves in Bullish Falling Channels. 

Nifty traded between 16481-16589 on on 16-08-2021 

Nifty traded between 16496-16628 on on 17-08-2021

Nifty traded between 16536-16701 on on 18-08-2021

Although higher bottom and higher top formations in last 3 sessions but last Wednesday closing(16568.85) was within all the last 3 sessions trading range because both intraday buying and selling was seen in last 3 sessions.  

As all the Global markets are down today therefore SGX Nifty traded more then 300 points. As lower levels consolidation was seen in last 3 sessions therefore sustaining below last 3 sessions lowest(16481) should be firstly watched in the coming sessions for Short Term correction beginning confirmations amid Global markets led depressed sentiments.

 Levels will confirm next 

Short Term moves

Nifty-Intra Day Chart Analysis & 

Market Outlook(18-08-2021)

Nifty-Intra Day Chart (17-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Selling between 16568-16585

2- Sharp fall

3- Up moves with downward corrections

4- Sharp up

5- Lat half hour selling between 16604-16628

6- Whole day actual trading between 16496-16628

Conclusions from intra day chart analysis 

Although closing at life time highest but intraday selling patterns were also seen in first 2 hours and last half hour. As Mid-session up moves were with downward corrections therefore lower levels some buying will also be considered hence expected that Nifty will trade between 16481-16628 tomorrow becuse some buying was seen above 16481 in last 2 sessions.

As both buying and selling between 16481-16628 in last 2 sessions therefore firstly fresh technical positions formations within this range finally sustaining it beyond will confirm next Short Term moves which should be watched for its confirmations in the coming sessions. 

16526-16589 will confirm next 

Short Term moves

Nifty-Intra Day Chart (16-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 16526-16589 

2- Whole day actual trading between 16481-16589

Conclusions from intra day chart analysis 

Although firstly slipping after flat opening but recovery from lower levels also and almost whole day trading with Mixed Patterns formation between 16526-16589 therefore expected that Nifty will firstly trade and prepare for next Short Term moves within and near about this trading range tomorrow. 

Let Nifty to sustain beyond 16526-16589 and then confirm next Short Term moves.

 75 वें स्वन्त्रता दिवस के 

सुनहरे पर्व पर 

शहीदों के दिल में जो जली थी ज्वाला 

उसे भी आज याद कर लें !!!!

बलिदानियों के खून की जो बही थी धारा

उसे भी आज याद कर लें !!!!!

जिस खून की नदी की धारा में बहकर हमारे 

हिन्दुस्थान की आजादी किनारे पर पहुंची

उसे भी आज याद कर लें !!!!!

आपको और आपके परिवार को 

स्वतन्त्रता दिवस की 

हार्दिक बधाई एवंम शुभकामनाएं 

 Bullish rally continuation and Short Term correction only after fresh selling patterns formations

Technical Analysis,Research & Weekly Outlook

(Aug 16 to Aug 20,2021)

Nifty-EOD Chart Analysis

(MACD & Stochastic)

Nifty-EOD Chart (13-Aug-2021):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 continuation with recent high and new life time top formation at 16543.60 on 13-08-2021

2- Stochastic- %K(5) is at 83.94 & %D(3) is at 73.43

3- Stochastic- %K(5) line has intersected %D(3) line upward and both lines are rising within and towards Over bought zone.

4- In MACD- MACD line  has intersected Average line upward and both lines are rising in positive zone.

 

Conclusions from EOD chart analysis

(Stochastic & MACD)

As in Stochastic indicator %K(5) line has intersected %D(3) line upward and both lines are rising within and towards Over bought zone therefore some more up moves are firstly expected in the beginning of next week. Let some selling develop on intraday and EOD charts and both lines of Stochastic to move into overbought zone as well as %K(5) line to intersect %D(3) downward then Short term correction will be considered.

As in MACD indicator MACD line  has intersected Average line upward and both lines are rising in positive zone therefore emergence of some more up moves expectations in next week.

Nifty-Intra Day Chart Analysis

(13-Aug-2021)

Nifty-Intra Day Chart (13-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Whole day up moves with downward corrections

2- Whole day actual trading between 16377-16543

Conclusions from intra day chart analysis 

As whole day up moves with downward corrections after positive opening and selling patterns were not seen therefore on going rally continuation is expected in the beginning of next week. 

Although sentiment has turned heated but selling patterns were not seen last Friday therefore let intraday selling patterns develop then Short Term correction will be considered.

Conclusions

(After Putting All Studies Together)

All the trends are up and Bullish rally continuation as well as no selling patterns formations on EOD and intraday charts therefore on going rally continuation is expected in the beginning of next week because indicators are also suggesting some more immediate up moves.

As in Stochastic both lines are rising within and towards Over bought zone therefore some more up moves are firstly expected in the beginning of next week but this indicator may turn Overbought after some more up moves then Short Term correction will be seen but only after complete fresh selling patterns formations minimum on intraday charts.

Levels will confirm next 

Short term trend

Nifty-Intra Day Chart Analysis & 

Market Outlook(13-08-2021)

Nifty-Intra Day Chart (12-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Whole day slow up moves

2- Whole day actual trading between 16287-16375

Conclusions from intra day chart analysis 

Selling was seen between 16301-16359 on 10-08-2021 and Nifty traded within this range with slow up moves almost whole day today. 

As clear buying and selling patterns were not seen between 16287-16375 today therefore firstly sustaining it beyond should be watched tomorrow for next Short term trend confirmations.

Next resistances range will 

confirm rally or correction

Nifty-Intra Day Chart (11-Aug-2021):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channels

2- Sharp up moves

3- Whole day actual trading between 16163-16338

Conclusions from intra day chart analysis 

As good selling yesterday therefore down moves were seen below 16200 today but these down moves were in Bullish Falling Channels hence sharp up moves also seen above today lowest. 

Expected that up moves will be seen towards next resistances between 16301-16359 and firstly sustaining it beyond should be watched tomorrow for rally continuation above 16359 and correction continuation below 16301.