Carefully watch 10045

Intra Day Chart Analysis & Market Outlook

(22-09-2017)

Nifty-Intra Day Chart (21-Sep-2017):-

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Technical Patterns formation in today intraday charts

1 Sharp down immediately after opening
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 10059-10158

Conclusions from intra day chart analysis 

Following lines were told at 10:00 AM on 20-09-2017 in "Post-open Outlook(20-09-2017)":-

1- Although positive zone trading since today opening but intraday charts of first 45 minutes are showing some selling indications also
2- finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Although strong recovery from lower levels after first 45 minutes sharp down but last 5 hour up moves were in Bearish Rising Channel and yesterday closing was below 10130 therefore view will be Bearish.

Down moves below yesterday lowest(10058.60) can not be ruled out but next supports below it at 10045 and firstly sustaining it below should be carefully watched because next supports are much below it at 9920

Firstly watch levels for next Trend confirmations 

Market Outlook(21-09-2017)

As intraday charts of first 45 minutes were showing some selling indications yesterday therefore we told following line at 10:00 AM in "Post-open Outlook(20-09-2017)":-

finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Today all the Global markets markets will firstly react on FOMC yesterday night announcements therefore Intra Day Chart Analysis is not being updated and repeating same view of firstly watching sustaining beyond 10130-10179 for next Trend confirmations. 

Post-open Outlook(20-09-2017)

Although positve zone trading since today opening but intraday charts of first 45 minutes are showing some selling indications also therefore view will be cautious and finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Finally rally continuation above life time highest

Intra Day Chart Analysis & Market Outlook

(20-09-2017)

Nifty-Intra Day Chart (19-Sep-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation Patterns formation between 10130-10049 
2- Minor selling Patterns formation at higher levels 
3- Whole day actual trading between 10130-10164

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Finally rally continuation after follow up consolidation":-

some follow up consolidation is firstly required within today trading range tomorrow.

Whole day actual trading was between 10132-10171 yesterday and almost whole day today trading was also within yesterday trading range with lower levels good consolidation Patterns formation therefore expected that finally rally will remain continued above life time highest(10178.95) but follow up consolidation is also firstly required because some selling was also seen at higher levels in both previous sessions.

Finally rally continuation after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(19-09-2017)

Nifty-Intra Day Chart (18-Sep-2017):-

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10147-10171
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Minor selling at higher levels
5- Last hour Down moves in Bullish Falling Channel
6- Whole day actual trading between 10132-10171

Conclusions from intra day chart analysis 

Firstly gap up opening with new life time high formation in first minute today and after that whole day sideways trading with  Mixed Patterns formation between 10147-10171 therefore some follow up consolidation is firstly required within today trading range tomorrow.

As sufficiently good consolidation despite minor selling therefore expected that finally on going rally will remain continued after follow up consolidation and cooling down of heated sentiment.

As not feeling well therefore Stock Market Outlook of today(18-09-2017) is not being updated.

Levels will confirm next Trend after North Korea fires ballistic missile

Market Outlook(15-09-2017)

As North Korea fires ballistic missile over Japan and weakness in some Asian markets as well as Indian markets will react on this news therefore Intra Day Chart Analysis is not being updated. 

Firstly Global markets complete reaction of this news should be understood and finally sustaining beyond 10050-10131 should be watched for next Short Term Trend confirmations.

Market Outlook(14-09-2017)

As not feeling well today therefore only small Outlook is being updated.

Following lines were told at 08:19 AM on 13-09-2017 in "Firstly watch levels for next decisive moves":-

Nifty will prepare for next decisive moves within 10050-10111. Valid break out of this range should be firstly watched for fresh up moves after new life time highest formation above 10050 or Very Short Term correction below 10050. 

Nifty moved above 10111 but could not sustain after higher levels selling between 10120-10131 and closed within mentioned trading range at 10,079.30 today. As minor consolidation Patterns formations also seen therefore today trading will be understood with Mixed Patterns formation and firstly Nifty has to prepare for next decisive moves between 10050-10131 and finally sustaining it beyond will confirm next trend which should be watched for confirmations.

Firstly watch levels for next decisive moves

Market Outlook(13-09-2017)

As busy therefore Intra Day Chart Analysis is not being updated. 

Indian markets are Bullish but indicators are overbought and Nifty closed within last resistance range(10072-10111) yesterday therefore today will be next decisive moves preparation day because market to consolidate for decisive up moves and fresh selling is required for any type of correction.

As some Asian markets are weak today morning therefore negative opening may be seen and Nifty will prepare for next decisive moves within 10050-10111. Valid break out of this range should be firstly watched for fresh up moves after new life time highest formation above 10050 or Very Short Term correction below 10050. 

Rally continuation after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(12-09-2017)

Nifty-Intra Day Chart (11-Sep-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 9969-9990
2- Sharp up
3- Consolidation between 10004-10012
4- Mixed Patterns formation between 10017-10029
5- Sharp fall in last half hour
6- Whole day actual trading between 9969-10029

Conclusions from intra day chart analysis 

Our all the outlooks of previous week are live proofs of this fact we updated only Bullish views despite crashing like most Global markets due to North Korea’s hydrogen-bomb test. 

As good intraday consolidation today therefore rally continuation is expected above 10000 but some follow up consolidation is also required near about today highest because mixed Patterns formation at higher levels of the day today.

Bullish view

Intra Day Chart Analysis & Market Outlook

(08-09-2017)

Nifty-Intra Day Chart (07-Sep-2017):-

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Technical Patterns formation in today intraday charts

1- All the Down moves in Bullish Falling Channels
2- Whole day actual trading between 9912-9964

Conclusions from intra day chart analysis 

Although today closing near the lower levels of the day but no selling Patterns formation and all the Down moves in Bullish Falling Channels therefore same following Bullish view which is being updated for the last 2 sessions:-

finally rally continuation is expected above 9963.10 in the coming sessions

Finally rally continuation

Intra Day Chart Analysis & Market Outlook

(07-09-2017)

Nifty-Intra Day Chart (06-Sep-2017):-

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Technical Patterns formation and Formations in today intraday charts

1- Consolidation between 9883-9910
2- Up moves with intraday correction
3- Consolidation Patterns formations in last hours
4- Whole day actual trading between 9883-9931

Conclusions from intra day chart analysis 

As Dow jones crashed 234 points yesterday therefore all the Asian markets were weak and some were in deep Red today morning resultant whole day negative zone trading after weaker opening. As whole day intraday consolidation Patterns formations therefore following same view which was updated yesterday in "Finally rally continuation despite crashing like US markets":- 

finally rally continuation is expected above today highest(9963.10) in the coming 1/2 sessions

Finally rally continuation despite crashing like US markets

Intra Day Chart Analysis & Market Outlook

(06-09-2017)

Nifty-Intra Day Chart (05-Sep-2017):-

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Technical Patterns formation and Formations in today intraday charts

1- Consolidation between 9931-9948
2- Up moves with intraday correction
3- Consolidation Patterns formations in last hour
4- Whole day actual trading between 9902-9963

Conclusions from intra day chart analysis 

As whole day intraday consolidation Patterns formations therefore finally rally continuation is expected above today highest(9963.10) in the coming 1/2 sessions despite crashing like US markets at this moment(Dow Jones is now trading 185 points down)

Firstly watch levels for next Big moves

Intra Day Chart Analysis & Market Outlook

(05-09-2017)

Nifty-Intra Day Chart (04-Sep-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 9937-9967
2- Sharp down in Mid-Session
3- Last 3 hours trading with Mixed Patterns formation between 9861-9923
4- Whole day actual trading between 9861-9967

Conclusions from intra day chart analysis 

As North Korea’s hydrogen-bomb test and after that warns also to launch ICBM therefore sentiment was extremely depressed today morning and resultant all the Asian markets trading in negative zone as well as some were in deep Red therefore weaker opening of Indian markets. 

Firstly 2 hours selling and after that sharp down in Mid-Session but last 3 hours trading with Mixed Patterns formation between 9861-9923 therefore firstly valid break out of these levels should be watched tomorrow for next decisive moves first signal. As some support at lower levels after good selling at higher levels therefore Nifty will firstly trading within today trading range and prepare for next Short Term Trend as well as finally sustaining beyond today trading range will confirm it.

Last 17 sessions sideways trading between 9686-9983 and finally sustaining it beyond will confirm the life of on going correction as well as next Big moves therefore should be firstly watched in the coming sessions.

As out of station therefore Stock Market Outlook of today(04-09-2017) is not being updated.

Sustaining above 9936 will confirm strong Rally

Intra Day Chart Analysis & Market Outlook

(01-09-2017)

Nifty-Intra Day Chart (31-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9857-9871
2- Consolidation between 9871-9885
3- Up moves with intraday correction
4- Whole day actual trading between 9857-9925

Conclusions from intra day chart analysis 

As good intraday consolidation and last half hour up moves with intraday correction also therefore up moves continuation is expected towards following resistances:-

1- 9910-9936
2- 10080-10130

As above resistances therefore follow up consolidation is must and once sustaining above 9936 will mean strong rally towards 2nd resistance(10080).

Firstly Watch Levels after Korea news based last 2 sessions volatility

Intra Day Chart Analysis & Market Outlook

(31-08-2017)

Nifty-Intra Day Chart (30-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9869-9882
2- Selling between 9889-9909
3- Whole day actual trading between 9851-9909

Conclusions from intra day chart analysis 

As UN Security Council unanimously condemned North Korea's firing of a ballistic missile and expressed "its commitment to a peaceful, diplomatic and political solution" therefore conclusion of no risk of immediate war resultant all the Asian markets were trading positive after Green closing of US markets while Dow's Futures was trading more than 120 points down during Indian markets trading hours yesterday. 

Last 2 sessions trading was completely North Korea ballistic missile fire news based in which sharp down yesterday and strong recovery after strong opening today but some selling was also seen below 9909 today. As some consolidation also developed above 9869 therefore firstly valid break out of 9869-9909 should be watched tomorrow for next decisive moves towards(9782 or 9936) 

Following lines were told on 27-08-2017 in "Firstly watch levels for correction continuation/completion" and being repeated as final conclusion after last 13 sessions sideways market:-

Previous 10 sessions trading between 9686-9948 and finally sustaining it beyond will decide the life of on going correction

As busy therefore Stock Market Outlook of today(30-08-2017) is not being updated.

Pre-open Outlook(29-08-2017)

As North Korea launched missile which flew over Japan therefore Dow's Futures is trading more than 100 points down today morning and resustant all the Asian markets are trading in negative zone. 

Certainly sentiment is depressed and Indian markets will also open weak but good intraday consolidation between 9894-9925 yesterday therefore until Nifty will not sustain below 9894 till then decisive down moves will not be seen and firstly sustaining it below should be watched today for fresh down moves confirmations.

9936 will confirm strong up moves towards 2nd resistance

Intra Day Chart Analysis & Market Outlook

(29-08-2017)

Nifty-Intra Day Chart (28-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9894-9925
2- Whole day actual trading between 9882-9925

Conclusions from intra day chart analysis 

As most positive news of "Indo-China agreement of 'expeditious disengagement' of Doklam border dispute" therefore firstly gap up opening and after that more than 5 hours consolidation between 9894-9925 today which means that on going Pull Back rally continuation towards following resistances:-

1- 9910-9936
2- 10080-10130

Above resistances were updated on 23-08-2017 in "Strong indications of fresh rally after correction completion" and consolidation was seen within 1st resistance range today therefore expected that rally will remain continued towards 2nd resistance range but follow up consolidation is must and once sustaining above 9936 will mean strong up moves towards 2nd resistance(10080).

Firstly watch levels for correction continuation/completion

Intra Day Chart Analysis & Market Outlook

(28-08-2017)

Nifty-Intra Day Chart (24-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling patterns formation between 9857-9867
2- Volatility in last 3 hours
3- 8 Times supports at lower levels of the day
4- Whole day actual trading between 9849-9881

Conclusions from intra day chart analysis 

Whole day sideways trading within 32 points with some selling but 8 times supports also at lower levels of the day therefore last Friday trading will be understood with Mixed patterns formations. As volatility also in last 3 hours and technical positions reverses also during such volatility therefore valid break out of last Friday trading range should be firstly watched for next decisive moves confirmations.

Certainly correction is on and no confirmation of its completion yet but good consolidation between 9750-9815 in previous week therefore until complete selling will not develop till then Nifty will not sustain below 9750.

Previous 10 sessions trading between 9686-9948 and finally sustaining it beyond will decide the life of on going correction therefore Nifty will trade and prepare for it within this range in the next 2/3 sessions. Let markets prepare then will be undated according to intraday patterns formations and firstly mentioned levels should also be watched in next week for correction continuation/completion.