Technical Analysis and Market Outlook(01-10-2014)

Nifty-Intra Day Chart (Sep 26 to Sep 30,2014):-

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Technical Patterns and Formations in last 3 Sessions intraday charts

1- Consolidation between 7842-7910 on 26-09-2014 
2- Selling between 7975-7991 on 29-09-2014
3- Selling between 8008-8030 on 30-09-2014
4- Supports between 7924-7966 on 30-09-2014
5- 3 Sessions actual trading between 7842-8030 

Conclusions from 3 Sessions intra day chart analysis 

Short Term Correction continuation for the last 16 sessions from 8180 and last 3 sessions sideways market between 7842-8030 after correction's lowest formation at 7842 on 26-09-2014. As good consolidation and supports at lower levels and equally good selling at higher levels also in last 3 sessions therefore very Short Term Trend is sideways between 7842-8030 and Nifty is not technically prepared for any side decisive moves as well as will firstly trade and prepare for next trend within this range.

As not much selling seen above 8030 therefore once valid break out of 8030 will mean fresh rally after correction completion and sustaining below 7842 will mean breaking down confirmation of 55 EMA(today at 7664),resultant steep fall after Intermediate Term Trend turning down confirmation.

Only sustaining beyond 7842-8030 should be firstly watched in the coming sessions for next trend and big decisive moves confirmations.

Mid-session Outlook(30-09-2014)

Following conclusive line was today in Post-open Outlook:-

RBI Credit policy will be announced at 11:00 AM today and market will be volatile also,sustaining beyond 7944-7991 will be next decisive move confirmation.

Certainly volatile market and Nifty could not sustain at higher levels after follow up selling just above yesterday selling range and sustaining below 7944 will be deeper correction confirmation because consolidation was seen just above it today.

Mid-session Outlook(30-09-2014)

Although rates unchanged in RBI Credit Policy today but good consolidations today therefore emergence of correction completion expectations.

Post-open Outlook(30-09-2014)

As selling yesterday therefore it was updated yesterday in Mid-session Outlook(29-09-2014) and firstly negative zone trading seen immediately after opening today but minor support also seen between 7944-7952 today. Good selling between between 7975-7991 yesterday and until Nifty will not sustain above 7991 after complete consolidation till then next up move will not be considered.

RBI Credit policy will be announced at 11:00 AM today and market will be volatile also. It should be kept in mind that sustaining beyond 7944-7991 will be next decisive moves confirmation.

Technical Analysis and Market Outlook(30-09-2014)

Nifty-Intra Day Chart (29-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling patterns formations between 7975-7991 
2- Whole day actual trading between 7935-7991

Conclusions from intra day chart analysis 

Whole day sideways trading within 56 points and some recovery from lower levels in last half hour also but good selling at higher levels today therefore Nifty will be understood sideways within last 2 sessions range(7842-7993) because both selling and consolidation between 7842-7991 seen between these 2 ranges.

Expected that Nifty will firstly prepare for next trend within 7842-7993 in the coming sessions and valid break out of this range will be on going correction continuation/completion. As good selling today therefore firstly slipping towards above mentioned next support will be seen tomorrow.

Mid-session Outlook(29-09-2014)

Selling patterns formations between 7975-7991 in sideways market today.

Pre-open Outlook(29-09-2014)

As sentiment turned weak because most Asian markets are trading in Red today morning therefore negative opening will be seen in Indian markets but good supports between 7842-7910 and until complete selling will not develop till then Nifty will not sustain below 7842. It should be kept in mind follow up consolidations and finally sustaining above 7842 will mean fresh rally after correction completion last Friday.

Technical Analysis and Market Outlook(29-09-2014)

Nifty-Intra Day Chart (26-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 7842-7910 
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 7842-7993

Conclusions from intra day chart analysis 

As good consolidation at  lower levels with down moves in Bullish Falling Channel also therefore until Nifty will not sustain below day's lowest(7842) after complete selling till then next down trend will not be considered and fresh up moves are expected in the beginning of next week. It should be kept in mind that resistances at higher levels are not much strong and possibility of new high formations after correction completion at day's lowest(7842) has turned alive on 26-09-2014.

Pre-closing Outlook(26-09-2014

As some positive signals emerged therefore it was updated within first hour today in Post-open Outlook(26-09-2014) and following lines were told:-

1- Although depressing Global cues but Indian markets outperformed
2- Certainly it ia a positive signal and confirmation of sustaining above 7918 will mean Pull Back rally

Strong recovery from lower levels seen after good consolidation today and firstly up moves continuation is expected in the beginning of next week.

Post-open Outlook(26-09-2014)

Although depressing Global cues but Indian markets outperformed and recovered from lower levels after weak opening as well as now trading in Green with more than .25% gains. Certainly it ia a positive signal and confirmation of sustaining above 7918 will mean Pull Back rally but on going correction completion will be considered after complete consolidations.

Technical Analysis and Market Outlook(26-09-2014)

Nifty-Intra Day Chart (25-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Minor selling
3- Whole day actual trading between 7878-8019

Conclusions from intra day chart analysis 

21 Sessions side ways market between 7918-8170 and yesterday closing just below it but as such big selling patterns were not seen in last 3 sessions and on the other hand consolidation patterns were also seen therefore correction completion possibility near about yesterday lowest(7877) and until Nifty will not sustain below 21 previous sessions lowest(7918) till then big fall will not be seen.

US markets are trading now more than 1.45 down after huge fall in European markets therefore sentiment may be subdued today morning and most likely all the Asian markets may trade will huge fall and resultant Indian markets may open also in Deep Red today. Sustaining below 7918 will confirm next big trend within next 2/3 sessions and should be watched now.

Mid-session Outlook(25-09-2014)

Nifty got supports between 7951-7980 yesterday and almost last 2 hours trading within this range today after slipping from higher levels. As Sep. Derivative expiry today and markets react according to its technical positions on this day therefore firstly next trend confirmations is must through sustaining beyond above mentioned support range. As selling signals are being seen today therefore view is cautious.

Technical Analysis and Market Outlook(25-09-2014)

Nifty-Intra Day Chart (24-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Whole day down moves but in Bullish Falling Channel
2- Support between 7951-7980
3- Whole day actual trading between 7951-8042

Conclusions from intra day chart analysis 

Following conclusions lines were told at 10:14 AM in Post-open Outlook(24-09-2014):-

1- Nifty is trading near about psychological level of 8000 today 
2- firstly sustaining beyond this levels should be watched today  
3- finally next big trend will be decided according to sustaining beyond 7918-8180.

Previous supports were between and Nifty got supports within this range today therefore these supports have strengthened today because consolidation pattern of  Bullish Falling Channel formations just above it today:-

1- 7924-7952

2- 7856-7891

Most time negative zone trading with Red closing above the psychological level of 8000 at 8002.45 today but whole day down moves in Bullish Falling Channel and lower levels supports also therefore fresh up moves beginning towards 8170 is expected from tomorrow.