Pre-closing Outlook-2(12-09-2014)

Although Nifty moved up forcefully above 8102 and new high formation at 8111 also but we were cautious because selling between 8087-8102 today and higher levels selling in previous sessions also therefore we told following line in previous Outlook:-

sustaining above 8102/8127/8170 is must in next week

Nifty slipped below 8102 today and selling at higher levels also can not be ruled out in last half hour today. Until Nifty will not sustain above 8102/8127/8170 till then next up move will not be considered and firstly sustaining beyond 8052-8102 should be watched in next week for next trend confirmation.

Pre-closing Outlook(12-09-2014)

Nifty moved up forcefully above 8102 and it is strong indication of correction completion. As higher levels selling today therefore sustaining above 8102/8127/8170 is must in next week for fresh strong rally after new life time high formations.

Mid-session Outlook-2(12-09-2014)

Although fast up moves after lower levels triple bottom supports formations but good selling also seen between 8087-8102 today therefore until Nifty will not sustain above 8102 till then next up move will not be considered and firstly sustaining beyond 8052-8127 should be watched for next trend confirmation.

Mid-session Outlook(12-09-2014)

More than 3 hours trading with higher levels selling between 8087-8102 today

Much Deeper correction below Most Crucial Supports

Technical Analysis and Market Outlook

(12-09-2014)

Nifty-Intra Day Chart (11-Sep-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 8109-8127
2- Consolidation between 8058-8077
3- Down moves in Bullish Falling Channel in last hours
4- Whole day actual trading between 8058-8127

Conclusions from intra day chart analysis 

Short Term Correction was told in all the 3 previous Outlooks yesterday and that was firstly seen today after follow up selling between 8109-8127. Following lines were told at 12:02 PM today in Mid-session Outlook(11-09-2014):-

most crucial supports are between 8052-8080 and Nifty is trading within this range for the last 1 hours,it should be strictly kept in mind that sustaining beyond this range will mean:-

1- Much deeper correction below 8052.
2- Fresh up moves after Short Term Correction completion above 8080.

Nifty traded almost 3 hours and also closed within above mentioned most crucial supports range with intraday consolidation patterns formations therefore this support range has strengthened today and until Nifty will not sustain below 8052 after follow up selling till then deeper correction will not be considered at this moment.

Last 8 sessions most time trading between 8052-8180 with higher levels selling and lower levels supports therefore Nifty will firstly trade and prepare for next trend within and near about this range in the coming sessions and confirmation though sustaining beyond this range is must for next big moves.

Confirm higher levels selling and lower levels supports today therefore firstly sustaining beyond today trading range should be firstly watched in the coming sessions for next trend first indication. As intraday charts of last more than 1 hour is showing Bullish Falling Channel after lower levels supports between 8058-8077 therefore emergence of fresh up moves signal also but sustaining above today trading highest and following resistances is must for fresh rally and new life time high formation:-

1- Resistances between 8109-8127
2- Resistances between 8110-8124 
3- Resistances between 8140-8170 

Pre-closing Outlook(11-09-2014)

Most crucial supports are between 8052-8080 was updated at 12:02 PM today in previous Outlook and could not slip below it today and traded most time time above it in last one hour but now slip with this range also. Confirm higher levels selling and lower levels supports today therefore firstly sustaining beyond today trading range should be firstly watched in the coming sessions for next trend first indication.

As intraday charts of last 1 hour is showing Bullish Falling Channel therefore emergence of fresh up moves signal also but sustaining above today trading highest is must for confirmations.

Mid-session Outlook(11-09-2014)

Short Term Correction possibility was told in all 3 previous Outlooks and it is being seen today. Next most crucial supports are between 8052-8080 and Nifty is trading within this range for the last 1 hours,it should be strictly kept in mind that sustaining beyond this range will mean:-

1- Much deeper correction below 8052.
2- Fresh up moves after Short Term Correction completion above 8080.

Technical Analysis and Market Outlook(11-09-2014)

Nifty-Intra Day Chart (10-Sep-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 8110-8124 in first 4 hours
2- Whole day actual trading between 8082-8124

Conclusions from intra day chart analysis 

First 4 hours selling between 8110-8124 and no consolidation seen therefore correction continuation is expected in the coming sessions

Mid-session Outlook(10-09-2014)

As fresh selling confirmations below yesterday lowest therefore emergence of Short Term Correction possibility. 

Pre-open Outlook(10-09-2014)

As all the Asian markets are trading in negative zone and Hand Seng is 1.86% down today morning therefore weaker opening will be in Indian markets and once sustaining below yesterday lowest will mean Short Term Trend turning down confirmation. 

Technical Analysis and Market Outlook(10-09-2014)

Nifty-Intra Day Chart (09-Sep-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 8127-8142
2- Selling patterns in last half hours
3- Whole day actual trading between 8127-8174

Conclusions from intra day chart analysis 

Although some selling patterns in last half hour but lower levels supports and good consolidation was also seen therefore until Nifty will not sustain below yesterday lowest till then fresh up moves possibility after yesterday started correction completion  will remain alive. 

Pre-closing Outlook(09-09-2014)

As uncertainty due to judgement of 218 Coal blocks case therefore confusion and whole day negative zone trading with most time trading between 8127-8155 today. Intraday patterns of today are not showing selling patterns formations therefore deeper correction is not expected and fresh up moves expectations will remain alive after today started correction completion within Very Short Term correction mode.

If judgement is announced today then Indian markets will react accordingly tomorrow therefore its implications should be firstly understood also.

Mid-session Outlook(09-09-2014)

Supreme Court  to decide fate of 218 Coal blocks today and this judgement will decide next short Term Trend of Indian markets as well as high volatility may also be seen after the announcement of Judgement therefore implications of this Judgement should be firstly understood for the confirmation next Short Term direction of Indian Stock Markets.

Technical Analysis and Market Outlook(09-09-2014)

Nifty-Intra Day Chart (08-Sep-2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 8129-8147
2- Mixed Patterns between 8145-8157 
3- Whole day actual trading between 8129-8180

Conclusions from intra day chart analysis 

Although first 5 hours trading with mixed pattern formations but forceful up moves in last hours because Indian markets are trading at life time high and general trader does not buy easily as well as sell fast at such extremely higher levels.  

Last 3 sessions selling between 8100-8139 and this range broken out forcefully today therefore rally continuation is expected in the coming sessions because:-

1- Indian markets are trading at life time high.
2- Complete selling patterns on daily charts are firstly required for any deeper correction.
3- As such selling patterns have not seen yet.

Minor intraday correction or 1/2 sessions Very Short Term correction may be seen after any rally but no possibility of any deeper correction at this moment and this fact should also be kept in mind that some times Bull markets correct at at higher levels also without slipping in intraday negative zone.

Mid-session Outlook(08-09-2014)

As higher  levels selling between 8100-8139 in last 3 sesions therefore Nifty could not rally above it despite strong recovery in first half hour today. Last 3 hours trading and preparation for next decisive trend between 8126-8149 today but intraday patterns have not shown any clear patterns yet therefore sustaining beyond 8100-8149 should be watched for next immediate moves confirmations. It should be kept in mind that clear break out of last 3 sessions selling range(8100-8139) is must for next decisive up moves.

Technical Analysis and Market Outlook(08-09-2014)

Nifty-Intra Day Chart (Sep 02 to Sep 05,2014):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 4 Sessions intraday charts

1- 4 Sessions most time trading between 8064-8139.
2- Higher levels selling in last 3 sessions between 8100-8139
3- Lower levels supports in last 3 sessions between 8064-8082

Conclusions from 4 Sessions intra day chart analysis 

All trends are up and market is most Bullish but Oscillators are showing negative divergence in Overbought zone therefore correction is very much due also. It should be kept in mind that market require complete selling patterns on daily charts before any deeper correction and such patterns have not developed yet therefore depper correction will not be considered at this moment.

Last 4 Sessions sideways trading with higher levels selling and lower levels supports between 8064-8139 therefore Nifty will firstly remain range bound within this range and prepare for next decisive moves in the beginning of next week. As sometimes Bullish markets complete its correction in sideways mode also therefore this possibility should also be considered and valid break out of last 4 sessions range(8064-8139) should be first watched in the coming week for next decisive trend.

Outlooks will be updated today

As some urgency therefore Blog updating is interrupted in this week but regular updating will restart within next 1/2 days

As out of station therefore Outlooks may remain disrupted in next 1/2 days. Technical Analysis and Market Outlook(02-09-2014) is not being posted but Mid-session Outlooks may be updated on 02-09-2014.

Mid-session Outlook(01-09-2014)

Following conclusive line was told on 28-08-2014 in Pre-closing Outlook:-

rally continuation above 8000 is expected in next week.

As was predicted same happened and most time trading above 8000 with more than .75% gains today. As good consolidation last Thursday within previous resistance range and today also higher levels consolidation therefore rally continuation above 8000 is expected.

As I am out of station today therefore Weekly Outlook will not be posted but Mid-session Outlooks will be updated on 01-09-2014.