Firstly Levels should be watched for next trend confirmations

Technical Analysis,Research & Weekly Outlook

(Nov 18 to Nov 22,2019)

Nifty-EOD Chart Analysis

(Corrective Waves)

Nifty-EOD Chart (15-Nov-2019):-

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Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 completion after life time top formation at 12103.00 on 03-06-2019 and corrective Wave-A of "ABC" correction beginning
2- Corrective Wave-A  completion at 10637.15 on 23-08-2019 and Wave-B beginning
3- Wave-B continuation with recent top formations at 12034.10 on 08-11-2019
4- Last 11 Sessions sideways trading between 11803-12034

Conclusions from EOD chart analysis 

1- Long Term Trend is up.
2- Intermediate Term Trend is up.
3- Short Term Trend is sideways between 11803-12034 for the last 11 sessions. 

Nifty-Last 11 Sessions intraday charts analysis

Nifty-Intra Day Chart (Oct 31 to Nov 15,2019):-

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Technical Patterns formation in last 11 Sessions intraday charts

1- Last 11 Sessions trading with both lower levels buying and higher levels selling.
2- 11 Sessions actual trading between 11803-12034

Conclusions from 11 Sessions intra day chart analysis 

As last 11 sessions trading between 11803-12034 with both lower levels buying and higher levels selling therefore firstly Nifty has to trade and prepare for next decisive moves within this range which will be done in next week and finally sustaining beyond or forceful break out of this range will confirm next decisive moves. 

Supports and Resistainces within last 11 sessions trading range are as follows:-

Next supports within last 11 sessions range are as follows:- 

1- 11850-11870 
2- 11803-11840

Next resistances within last 11 sessions range are as follows:- 

1- 11926-11973
2- 11975-12034

Nifty-Intra Day Chart Analysis

 (15-Nov-2019)

Nifty-Intra Day Chart (15-Nov-2019):-

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Technical Patterns formation in today intraday charts

1- Selling Patterns formation between 11926-11973 (Immediate Supports)
2- Sharp fall in last half hour
3- Whole day actual trading between 11880-11973

Conclusions from intra day chart analysis 

As more than 5 hours selling Patterns formation between 11926-11973 therefore sharp fall in last half hour and until complete consolidation will not develop tll then decisive up moves will not be seen above 11973.

Follow up selling and sustaining below 11926 in next week will mean decisive down moves beginning which should be firstly watched in next week.

Conclusions
 (After Putting All Studies Together)

Wave-B of "ABC" correction is continued with recent top formations at 12034.10 on 08-11-2019 and no confirmation of its completion yet. As last 11 sessions trading is sideways between 11803-12034 and sustaining beyond or forceful break out of this range will give first strong indication of Wave-B life therefore should be firstly watched in next sessions/weeks for following decisive moves beginning confirmations:- 

1- Above 12034 will mean high possibility of fresh rally beginning with new life time highest formations above 12103 and in that situation Waves will be recounted 
2- Below 11803 will mean fresh down moves beginning towards the bottom of Wave-B(10637.15) but Wave-C formation for moving below 10637.15 will get confirmation after sustaining below Long Term average(200 Day SMA)

As sustaining beyond last 11 Sessions sideways trading range(11803-12034) will give first indication of next trend therefore should be firstly watch in next week for its confirmation.

Firstly watch levels after Rafale judgement led volatility

Intra Day Chart Analysis & Market Outlook
(15-11-2019)

Nifty-Intra Day Chart (14-Nov-2019):-

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Technical Patterns formation in today intraday charts

1- Slipping after flat opening
2- Up moves after Modi ji Govt favoring judgement on Rafale by Supreme Court
3- Slipping from higher levels
4- Up moves in Bearish Rising Channel
5- Whole day actual trading between 11803-11895

Conclusions from intra day chart analysis

As good selling yesterday therefore firstly slipping from higher levels after flat opening but up moves were also seen immediately after Modi ji Govt favoring judgement on Rafale by Supreme Court which could not sustain at higher levels and again slipped.

Although today positive closing was near the higher levels of the day but last hours Up moves were in Bearish Rising Channels and Supreme Court judgement led volatility was also seen in last 5 hours therefore firstly sustaining beyond today trading range should be watched tomorrow because technical positions reverses also in today like intraday volatility.

Correction continuation towards next supports

Intra Day Chart Analysis & Market Outlook

(14-11-2019)

Nifty-Intra Day Chart (13-Nov-2019):-

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Technical Patterns formation in today intraday charts

1- Selling between 11875-11946
2- Down moves in last hours
3- Whole day actual trading between 11824-11946

Conclusions from intra day chart analysis 

As first 5 hours selling and continuous slipping therefore down moves were seen in last hours also.

No consolidation patterns formations and most crucial supports at 11850 broken down also today hence correction continuation is expected in the coming sessions which may be deeper also because next supports below today lowest are lying between 11500-11530.

Levels will confirm next decisive moves

Intra Day Chart Analysis & Market Outlook

(13-11-2019)

Nifty-Intra Day Chart (11-Nov-2019):-

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Technical Patterns formation in today intraday charts

1- More than 5 hours trading with Mixed Patterns formation between 11854-11912
2- Sharp up moves in last half hour
3- Whole day actual trading between 11854-11932

Conclusions from intra day chart analysis 

Although last Monday closing was near the higher levels of the day after sharp up moves in last half hour but before this up moves pure consolidation was not seen and more than 5 hours trading was with Mixed Patterns formation between 11854-11912 therefore firstly sustaining above 11912 should be watched tomorrow for further up up moves confirmations.

As selling patterns were also seen between 11854-11912 last Monday therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about this range and finally sustaining beyond this range will confirm next decisive moves.

Firstly watch next supports for the life of expected correction

Technical Analysis,Research & Weekly Outlook

(Nov 11 to Nov 15,2019)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (08-Nov-2019):-

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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- Impulsive Wave-1 completion at 8968.70 on 07-09-2016 and corrective Wave-2 beginning
3- Corrective Wave-2 completion at 7893.80 on 26-12-2016 and impulsive Wave-3 beginning
4- Impulsive Wave-3 completion at 11760.20 on 28-08-2018 and corrective Wave-4 beginning
5- Corrective  Wave-4 completion at 10004.55 on 26-10-2018 and impulsive Wave-5 beginning
6- Impulsive Wave-5 completion after life time top formation at 12103.00 on 03-06-2019 and corrective Wave-A of "ABC" correction beginning
7- Corrective Wave-A  completion at 10637.15 on 23-08-2019
8- Wave-B continuation with recent top formations at 11834.10 on 08-11-2019 

Conclusions from EOD chart analysis 

All trends are up.

Nifty-EOD Chart Analysis

(Corrective Waves)

Nifty-EOD Chart (08-Nov-2019):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 completion after life time top formation at 12103.00 on 03-06-2019 and corrective Wave-A of "ABC" correction beginning
2- Corrective Wave-A completion at 10637.15 on 23-08-2019
3- Wave-B continuation with recent top formations at 11834.10 on 08-11-2019

Conclusions from EOD chart analysis

Wave-B of "ABC correction" continuation with recent top formations at 11834.10 on 08-11-2019.

Nifty-Intra Day Chart Analysis

(08-11-2019)

Nifty-Intra Day Chart (08-Nov-2019):-

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Technical Patterns formation in today intraday charts

1- Up moves in Bearish Rising Channel
2- Consolidation between 11950-11968
3- Selling between 12020-12034
4- Selling between 11961-11987
5- Sharp fall in last hour
6- Whole day actual trading between 11889-12034

Conclusions from intra day chart analysis

Although some consolidation after 10:30 PM but whole day good selling therefore sharp fall in last hour and resultant last Friday started correction is expected in the beginning of next week.

Conclusions (After Putting All Studies Together)

Corrective Wave-A of "ABC" correction begun on 03-06-2019 after Impulsive Wave-5 completion at 12103.00 which completed at 10637.15 on 23-08-2019. Now  Wave-B continuation with recent top formations at 11834.10 on 08-11-2019 and no confirmation of its completion yet.

2nd Resistances between 12034-12092 were updated on 02-11-2019 in "Watch levels for next trend confirmations" and Nifty faced resistance exactly at this level as well as slipped 140 points last Friday after intraday highest formation at 12034.10.

As good intraday selling was seen just below last resistances(12034-12092) of Nifty last Friday therefore firstly fresh down moves towards following supports will be seen in next week:-

1- 11850-11875
2- 11500-11580 

As 2nd supports are much below 1st supports therefore firstly sustaining it beyond should be watched in next week because sharp fall may be seen after sustaining below 11850. Finally sustaining beyond 11500 should also be watched in next week because that will confirm deeper correction which will decide the life of on going Wave-B also. 

It should be kept in mind that until Nifty will not move above the top of Wave-1(12103.00) till then above charts given Waves structure will remain valid and finally Wave-C correction continuation below the bottom of Wave-A(10637.15) will remain under consideration as well as Outlook will be changed and Waves will be recounted only after Nifty moving above Wave-1(12103.00).

As lasy Friday started correction continuation is expected in next week therefore above mentioned next supports should firstly watched for the life of expected correction. 

Firstly watch levels after Moody's cutting Indian Outlook to negative 

Pre-open Outlook(08-11-2019)

As negative news of Moody cutting Indian Outlook to negative today morning therefore sentiment has turned dampened and resultant weaker opening of Indian markets will be seen today.

Last 2 hours consolidation between 11983-12021 was seen yesterday and firstly sustaining beyond this range should be watched today for impact of Moody's negative news on Indian markets.

just click following link and go through Moody's cutting Indian Outlook to negative news:-
https://www.bloombergquint.com/economy-finance/india-s-outlook-to-negative-by-moody-s-as-growth-risks-mount

Fresh Rally beginning above 12000

Intra Day Chart Analysis & Market Outlook

(08-11-2019)

Nifty-Intra Day Chart (07-Nov-2019):-

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Technical Patterns formation in today intraday charts

1- Selling between 12011-12017
2- Down moves in Bullish Falling Channels
3- Sharp up
4- Consolidation between 11983-12021
5- Whole day actual trading between 11947-12021

Conclusions from intra day chart analysis 

As firstly minor selling after positive opening therefore slipping from high levels but lower levels more than 2 hours good consolidation through Down moves in Bullish Falling Channels and resultant sharp up in Mid-session. 

Firstly lower levels consolidation and after that more than 2 hours higher levels consolidation near about 12000 between 11983-12021 as well as closing above 12000 are suggesting fresh rally beginning above 12000 from tomorrow.

Firstly watch 12000 for rally continuation confirmations

Intra Day Chart Analysis & Market Outlook

(07-11-2019)

Nifty-Intra Day Chart (06-Nov-2019):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 11851-11894
2- Sharp up 
3- Selling between 11960-12002
4- Whole day actual trading between 11851-12002

Conclusions from intra day chart analysis 

Although Nifty closed positive(with 51 points gains) at 11941.30 on 04-11-2019 but good selling patterns were seen therefore we told for "Short Term correction Expectations" and Nifty slipped 91 points from there as well as formed today lowest at 11850.3.

As first 2 hours consolidation near lower levels of the day therefore sharp up moves were seen in Mid-Sesssion but some selling was also developed at higher levels below 12000 therefore firstly sustaining above 12000 should be watched tomorrow for rally continuation confirmations.

As out of station therefore Stock Market Outlook of today(06-11-2019) is not being updated but Outlook of tomorrow will be posted positively.

Short Term correction Expectations

Intra Day Chart Analysis & Market Outlook

(05-11-2019)

Nifty-Intra Day Chart (04-Nov-2019):-

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 11943-11973
2- Selling between 11974-11989
3- Selling between 11934-11957
4- Consolidation between 11906-11932
5- Whole day actual trading between 11906-11989

Conclusions from intra day chart analysis 

Although some consolidation at lower levels but higher levels good selling also therefore Short Term correction is expected in the coming sessions

Watch levels for next trend confirmations

Technical Analysis,Research & Weekly Outlook

(Nov 04 to Nov 08,2019)

Nifty-EOD Chart Analysis

(Corrective Waves)

Nifty-EOD Chart (01-Nov-2019):-

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Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 completion after life time top formation at 12103.00 on 03-06-2019 and corrective Wave-A of "ABC" correction beginning
2- Corrective Wave-A  completion at 10637.15 on 23-08-2019
3- Wave-B continuation with recent top formations at 11945.00 on 31-10-2019
4- Last 3 Sessions sideways trading between 11785-11945

Conclusions from EOD chart analysis

1- Long Term Trend is up.
2- Intermediate Term Trend is up.
3- Short Term Trend is sideways between 11491-11714 for the last 3 sessions. 

Nifty-Last 3 Sessions intraday charts

 analysis

Nifty-Intra Day Chart (Oct 30 to Nov 01,2019):-

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Technical Patterns formation in last 3 Sessions intraday charts

1- Last 3 Sessions trading with both buying and selling Patterns formation  
2- 3 Sessions actual trading between 11785-11945

Conclusions from 3 Sessions intra day chart analysis

As last 3 sessions trading with both buying and selling patterns formation between 11785-11945 therefore Nifty will firstly trade and prepare for next trend within and near about it and finally sustaining beyond this range will confirm next trend.

Nifty-Intra Day Chart Analysis

(01-11-2019)

Nifty-Intra Day Chart (01-Nov-2019):-

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Technical Patterns formation in today intraday charts

1- Selling between 11890-11918
2- Selling between 11883-11914
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 11844-11918

Conclusions from intra day chart analysis 

As most time sideways trading with both buying and selling patterns formation last Friday therefore firstly Nifty will have to trade and prepare for next decisive moves within and near about day's trading range(11844-11918) and finally its valid break out will give first indication of next big moves.

Conclusions (After Putting All Studies Together)

Wave-B continuation with recent top formations at 11945.00 on 31-10-2019 and no signal of its completion yet. Next resistances above 11945 are as follows:-

1- 11954-11990
2- 12034-12092

As whole mood and sentiments changed after Nirmala Sitaraman Press conference on 20-09-2019 therefore sharp rally was seen just after it and since then continuous up moves are seen. Although rally above life time high is expected also without any Intermediate or Long Term correction but technically until Nifty will not move above life time high(12103.00) till then above given corrective waves structure will remain valid and Waves will be recounted only after Nifty Moving above 12103.00. 

Now Wave-B continuation with recent top formations at 11945.00 on 31-10-2019 and no confirmation of its completion yet. As last 3 sessions trading with both buying and selling patterns formation between 11785-11945 and next resistances are just above 11945 therefore firstly fresh follow up consolidation is required for moving and sustaining above 11945,let it happen in next week then further Wave-B continuation will be considered.

As Short Term indicators are overbought and fresh selling in the beginning of next week will mean correction beginning towards next supports(11500-11545) and sustaining below 11500 will be first indication of Wave-C formation for moving towards and below Wave-A lowest(10637.15)

As sustaining beyond last 3 sessions trading range(11785-11945) will confirm next trend in above updated manner therefore should be firstly watched in next week.

Short Term Correction expectations

Intra Day Chart Analysis & Market Outlook

(01-11-2019)

Nifty-Intra Day Chart (31-Oct-2019):-

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Technical Patterns formation in today intraday charts

1- Up moves in Bearish Rising Channels
2- Selling between 11910-11923
3- Sharp fall in last hour
3- Whole day actual trading between 11856-11945

Conclusions from intra day chart analysis

As all the Asian markets were trading with good gains after FOMC rates cut therefore positive opening and 5 hours up moves but not sustaining at higher levels because most up moves were in Bearish Rising Channels and selling was seen in sideways trading also hence sharp fall in last hour.

Follow up selling today after some selling yesterday therefore Short Term Correction is expected tomorrow.

Watch levels also amid Short Term correction possibility

Intra Day Chart Analysis & Market Outlook

(31-10-2019)

Nifty-Intra Day Chart (30-Oct-2019):-

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channels
2- Up moves in Bearish Rising Channels
3- Whole day actual trading between 11785-11883

Conclusions from intra day chart analysis 

Although whole day positive zone trading and 57 points up closing also but selling was also seen through Up moves in Bearish Rising Channels. As some consolidation was also seen through Down moves in Bullish Falling Channels therefore today trading will be understood with Mixed patterns formations hence Nifty will firstly trade within and near about today trading range(11785-11883) and finally sustaining beyond today trading range will confirm Short Term correction beginning below 11785 and rally continuation above 11883.

As Short Term indicators have turned overbought and some selling was also seen today therefore emergence of Short Term correction beginning possibility but for precaution sustaining beyond today trading range(11785-11883) should also be firstly watched for confirmations.

Rally continuation amid only a Very Short Term correction possibility

Intra Day Chart Analysis & Market Outlook

(30-10-2019)

Nifty-Intra Day Chart (29-Oct-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 11628-11809

Conclusions from intra day chart analysis 

As whole day up moves with intraday corrections and no selling patterns formations as well as forcefully break out of last 5 sessions highest today therefore today started rally continuation towards life time highest(12103) is expected.

Very Short Term indicators have turned overbought after 1.37% rally today therefore only a Very Short Term correction or sideways trading for consolidation may be seen any day.

Watch Levels for next trend confirmations

Technical Analysis,Research & Weekly Outlook

(Oct 29 to Nov 01,2019)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (25-Oct-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- Impulsive Wave-1 completion at 8968.70 on 07-09-2016 and corrective Wave-2 beginning
3- Corrective Wave-2 completion at 7893.80 on 26-12-2016 and impulsive Wave-3 beginning
4- Impulsive Wave-3 completion at 11760.20 on 28-08-2018 and corrective Wave-4 beginning
5- Corrective  Wave-4 completion at 10004.55 on 26-10-2018 and impulsive Wave-5 beginning
6- Impulsive Wave-5 completion after life time top formation at 12103.00 on 03-06-2019 and corrective Wave-A beginning
7- Corrective Wave-A  completion at 10637.15 on 23-08-2019
8- Wave-B continuation with recent top formations at 11714.40 on 22-10-2019

Nifty-EOD Chart Analysis

(Corrective Waves)

Nifty-EOD Chart (25-Oct-2019):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 completion after life time top formation at 12103.00 on 03-06-2019 and corrective Wave-A of "ABC" correction beginning
2- Corrective Wave-A  completion at 10637.15 on 23-08-2019
3- Wave-B continuation with recent top formations at 11714.40 on 22-10-2019
5- Last 5 Sessions sideways trading between 11491-11714

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 11491-11714 for the last 5 sessions. 

Corrective Wave-A of "ABC" correction begun on 03-06-2019 after Impulsive Wave-5 completion at 12103.00 which completed at 10637.15 on 23-08-2019. Now  Wave-B continuation with recent top formations at 11714.40 on 22-10-2019 and no confirmation of its completion yet.

Last 5 Sessions sideways trading near the top of Wave-B between 11491-11714 and finally valid break out of this range will confirm the fate of Wave-B in following manner:-

1- Sustaining above 11714 will mean Wave-B continuation and until Nifty will not move above the top of Wave-1(12103.00) till then above charts given Waves structure will remain valid and Waves will be recounted only after Nifty moving above Wave-1(12103.00).

2- Sustaining below 11491 will confirm Wave-C continuation after Wave-B completion at 11714.40 on 22-10-2019 which should below the bottom of Wave-A(10637.15).

As sustaining beyond last 5 Sessions sideways trading range(11491-11714) will give first indication of next trend therefore should be firstly watch in next week for its confirmation.

Up Moves expectations 

Intra Day Chart Analysis & Market Outlook

(25-10-2019)

Nifty-Intra Day Chart (24-Oct-2019):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channels
2- Up moves in Bearish Rising Channel
3- Minor selling
4- Consolidation between 11535-11576 
5- Whole day actual trading between 11535-11679

Conclusions from intra day chart analysis 

Although negative closing near the lower levels of the day but most time consolidation was seen through Down moves in Bullish Falling Channels therefore some up moves are expected tomorrow. 

As some selling was also seen through Up moves in Bearish Rising Channel therefore follow up consolidation is also required within today trading range and firstly sustaining beyond today trading range should be watched for the confirmation of next decisive move because technical positions reverses during today like Election results led volatility.

Watch Levels amid Assemble Election results led intraday volatility

Intra Day Chart Analysis & Market Outlook(24-10-2019)
Nifty-Intra Day Chart (23-Oct-2019):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channels
2- Sharp up after lower levels consolidation
3- Mixed Patterns formation between 11612-11651
4- Sharp fall in last hour
5- Whole day actual trading between 11554-11651

Conclusions from intra day chart analysis 

As all the Asian markets were trading in Red therefore firstly slipping after flat opening but lower levels consolidation developed through Down moves in Bullish Falling Channels.

Whole day good consolidation was seen yesterday and lower levels follow up consolidation developed in first hour today therefore sharp up moves were seen in Mid-session. 

Although more than 4 hours trading with Mixed Patterns formation between 11612-11651 today but sharp fall was seen in last hour also therefore firstly sustaining beyond this 4 hours trading range(11612-11651) should be watched tomorrow because tomorrow sessions may be highly intraday volatile due to Maharashtra and Haryana Assembly Election results which will be declared during Indian trading hours.

Up moves expectations

Intra Day Chart Analysis & Market Outlook

(23-10-2019)

Nifty-Intra Day Chart (22-Oct-2019):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Whole day down moves in Bullish Falling Channels
2- Whole day actual trading between 11574-11,714

Conclusions from intra day chart analysis 

Although today closing was at lower levels of the day but intraday selling patterns were not seen and whole day down moves were in Bullish Falling Channels which is an indication of consolidation.

As Short Term indicators were overbought therefore Short Term correction correction was expected which was seen today but consolidation patterns have also developed today hence up moves are expected tomorrow and sustaining above today highest will confirm rally continuation towards next resistances(11936-11976).

Remain cautious amid Wave-B rally continuation expectations

Technical Analysis,Research & Weekly Outlook

(Oct 22 to Oct 25,2019)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (18-Oct-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- Impulsive Wave-1 completion at 8968.70 on 07-09-2016 and corrective Wave-2 beginning
3- Corrective Wave-2 completion at 7893.80 on 26-12-2016 and impulsive Wave-3 beginning
4- Impulsive Wave-3 completion at 11760.20 on 28-08-2018 and corrective Wave-4 beginning
5- Corrective  Wave-4 completion at 10004.55 on 26-10-2018 and impulsive Wave-5 beginning
6- Impulsive Wave-5 completion after life time top formation at 12103.00 on 03-06-2019 and corrective Wave-A beginning
7- Corrective Wave-A  completion at 10637.15 on 23-08-2019
8- Wave-B continuation with recent top formations at 11694.85 on 23-09-2019

Conclusions from EOD chart analysis 

All the trends have turned up after previous week rally which closed at the top of Wave-B last Friday. Next resistances above last Friday highest(11684.70) are between 11936-11976 therefore Wave-B rally continuation towards it will be expected.  

It should be kept in mind that Short Term indicators have also turned overbought after previous week rally and Short Term correction may begin any day therefore remain cautious in next week.