Rally Continuation

Intra Day Chart Analysis & Market Outlook

(14-01-2018)

Nifty-Intra Day Chart (13-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10672-10690
2- Up moves with intraday corrections
3- Whole day actual trading between 10598-10690

Conclusions from intra day chart analysis 

Following lines were told on 11-01-2018 in "Rally continuation expectations after follow up consolidation":-

1- firstly follow up consolidation is required within or near about today trading range
2- then finally rally continuation will be expected

As there was some selling in first 4 sessions of previous week therefore we continuously daily told for the requirement of follow up consolidation and it was seen last Friday through slipping towards the lowest of previous week and consolidating.

Although first 3 hours trading with Mixed Patterns formation but last 3 hours consolidation through Up moves with intraday corrections last Friday therefore rally continuation will be expected and until complete fresh selling will not develop till then decisive down moves will not be seen despite over bought Short term indicators.

Rally continuation expectations after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(12-01-2018)

Nifty-Intra Day Chart (11-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 10613-10624
2- Up moves with follow up consolidation
3- Mixed Patterns formation between 10648-10664
4- Whole day actual trading between 10613-10664

Conclusions from intra day chart analysis 

Although Short Term correction was expected but as soon as consolidation developed then we cautioned at 10:45 AM in "Mid-session Outlook(11-01-2018)" and after that whole day up moves were seen after follow up consolidation. 

As Mixed Patterns formations at higher levels after lower levels good consolidation therefore firstly follow up consolidation is required within or near about today trading range and then finally rally continuation will be expected. Short Term indicators have turned overbought therefore view will be cautious but until complete selling will not develop and Nifty will not sustain below today lowest till then decisive down moves will not be seen. 

Mid-session Outlook(11-01-2018)

Although most time negative zone trading since opening today but some consolidation was also seen at lower levels of the day therefore firstly valid break down of today lowest(10613.35) should be watched today for first strong signal of Short term correction beginning.

Short Term correction expectations after follow up selling

Intra Day Chart Analysis & Market Outlook

(11-01-2018)

Nifty-Intra Day Chart (10-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- Selling between 10631-10642
2- Support between 10593-10612
3- Up moves in Bearish Rising Channel in last hour
4- Whole day actual trading between 10593-10642

Conclusions from intra day chart analysis 

Although Nifty closed positive near the highest levels of the day with new life time highest formations yesterday but we told following lines yesterday in "Levels will confirm Short Term correction":-

1- Last 2 sessions trading was between 10597-10647 with both buying and selling patterns formations 
2- only selling patterns were seen today
3- firstly valid break down of this range should be watched in the next 1/2 sessions for Short Term correction beginning. 

Nifty slipped bellow 10597 today but got supports just below it at 10592.70 and recocovered. As selling was seen between 10631-10642 immediately after opening and selling patterns formations through Up moves in Bearish Rising Channel in last hour also therefore Short Term correction beginning possibility is still alive and firstly sustaining below 10593 should be watched in the coming sessions for its confirmations. 

As Short Term indicators have turned overbought and selling is being seen in last 3 sessions also therefore Short Term correction is expected in the coming sessions but follow up selling is must between 10593-10647.

Levels will confirm Short Term correction

Intra Day Chart Analysis & Market Outlook

(10-01-2018)

Nifty-Intra Day Chart (09-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- Up moves in Bearish Rising Channels
2- Whole day actual trading between 10604-10647

Conclusions from intra day chart analysis 

As mixed patterns formations therefore following lines were told yesterday in "Rally continuation expectations after follow up consolidation":-

1- Mixed Patterns formation therefore some consolidation is firstly required for decisive up moves
2- Although minor selling patterns formations but view will not be Bearish
3- until complete selling patterns will not develop till then any type of correction will not be seen
4- Rally continuation expectations are very much alive but after follow up consolidation.

Rally remained continued through Green closing today but follow up consolidation was not seen and selling patterns developed also through Up moves in Bearish Rising Channels therefore follow up selling tomorrow will mean Short Term correction beginning.

Last 2 sessions trading was between 10597-10647 with both buying and selling patterns formations but only selling patterns were seen today therefore firstly valid break down of this range should be watched in the next 1/2 sessions for Short Term correction beginning. 

Rally continuation expectations after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(09-01-2018)

Nifty-Intra Day Chart (08-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10597-10623
2- Whole day actual trading between 10597-10631

Conclusions from intra day chart analysis 

Bullish rally is on and whole day strong trading today after gap up opening but with Mixed Patterns formation therefore some consolidation is firstly required for decisive up moves. Although minor selling patterns formations but view will not be Bearish because consolidation patterns were also seen and until complete selling patterns will not develop till then any type of correction will not be seen.

Rally continuation expectations are very much alive but after follow up consolidation.

As out of station therefore Stock Market Outlook of today(08-01-2018) is not being updated.

As busy therefore Stock Market Outlook of today(05-01-2018) is not being updated.

Next trend confirmations from crucial levels

Intra Day Chart Analysis & Market Outlook

(04-01-2018)

Nifty-Intra Day Chart (03-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Up moves in Bearish Rising Channel
3- Last hour consolidation between 10430-10450
4- Whole day actual trading between 10430-10503

Conclusions from intra day chart analysis 

Although today closing was near the lower levels of the day after whole day slipping from higher levels but completele selling patterns were not seen and consolidation with lower levels supports also developed therefore whole day today trading will be understood with Moxed patterns formations. 

As lower levels some supports and higher levels strong resistances are lying between 10406-10552 therefore firstly Nifty has to trade and prepare for next decisive moves between this crucial range and finally sustaining beyond it will form next trend which should be watched in the coming sessions for confirmations.

Firstly watch Level for the life of on going correction  

Intra Day Chart Analysis & Market Outlook

(03-01-2018)

Nifty-Intra Day Chart (02-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- Slipping in first hour after positive opening.
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 10405-10493

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Correction continuation expectations towards next supports":-

1- next supports below 10427 are up to 10406 
2- firstly sustaining beyond 10406 should be watched for on going correction continuation 

Next supports were told up to 10406 and Nifty got support at 10404.65 before closing at 10442.20 today. As some consolidation was also seen through Down moves in Bullish Falling Channels today therefore firstly sustaining beyond 10406 should be watched in the coming sessions for the life of on going correction.  

Correction continuation expectations towards next supports

Intra Day Chart Analysis & Market Outlook

(02-01-2018)

Nifty-Intra Day Chart (01-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- More than 5 hours selling between 10505-10537
2- Sharp fall in last hour
3- Whole day actual trading between 10423-10537

Conclusions from intra day chart analysis 

Following lines were told in previous two Outlooks:-

1- Short term correction beginning may be seen any day  
2- which may slip towards next supports between 10427-10458  

As was told 100% same happened and Short term correction was seen on 1st Jan 2018 towards next supports(10427-10458) and closing was within it at 10435.55.

As closing was below previous 8 sessions closing and next supports below 10427 are up to 10406 therefore firstly sustaining beyond 10406 should be watched for on going correction continuation towards next supports between 10320-10350. 

Correction is on and its continuation is expected towards above mentioned next supports.

Firstly watch levels amid Short Term correction expectations

Intra Day Chart Analysis & Market Outlook

(01-01-2018)

Nifty-Intra Day Chart (29-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Whole day trading with Mixed Patterns formation between 10489-10538 
2- Whole day actual trading between 10489-10538

Conclusions from intra day chart analysis 

Following lines were told at 12:43 AM on 28-12-2017 in "Levels will confirm next Trend":-

1- More than 5 hours selling between 10532-10552
2- firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. 
3- As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for confirmations.

As good selling between 10532-10552 on 27-12-2017 therefore Nifty Could not move above 10552 and Mixed Patterns formation in both previous sessions also means same following view which was updated in previous outlook on 28-12-2017:-

Firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for that Short Term correction which may slip towards next supports between 10427-10458.

As busy therefore Stock Market Outlook of today(29-12-2017) is not being updated.

Levels will confirm next Trend

Intra Day Chart Analysis & Market Outlook

(28-12-2017)

Nifty-Intra Day Chart (27-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- More than 5 hours selling between 10532-10552
2- Sharp fall in last hours
3- Whole day actual trading between 10470-10552

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Finally on going rally continuation":-

1- finally on going rally continuation is expected
2- intraday volatility and Very Short term correction can not be ruled
3- until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.

Alrhough firstly rally continuation but more than 5 hours higher levels selling between 10532-10552 therefore sharp fall in last hours and closing near the lower levels of the day.

Last 2 sessions trading between 10470-10552 with good consolidation between 10478-10506 on 26-12-2017 and equally good selling between 10532-10552 on 27-12-2017 therefore firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. 

As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for confirmations.

Finally on going rally continuation

Intra Day Chart Analysis & Market Outlook

(27-12-2017)

Nifty-Intra Day Chart (26-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 10478-10506
2- Sharp up in last half hour
3- Whole day actual trading between 10478-10545

Conclusions from intra day chart analysis 

Following lines were told on 21-12-2017 in "Follow up consolidation will mean fresh rally above 10500":-

1- up moves are expected tomorrow
2- fresh rally above 10500 in the coming week

As was told 100% same happened and up moves were seen on 22-12-2017 and fresh rally above 10500 was also seen today.

As follow up consolidation last Friday and more than 5 hours between 10478-10506 today also therefore finally on going rally continuation is expected in the coming sessions. Very Short term indicators have turned over bought therefore intraday volatility and Very Short term correction can not be ruled but until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.

As I was out of station therefore Stock Market Outlook of today(26-12-2017) is not being updated.

Follow up consolidation will mean fresh rally above 10500

Intra Day Chart Analysis & Market Outlook

(22-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation Patterns formation between 10427-10458
3- Whole day actual trading between 10427-10473

Conclusions from intra day chart analysis 

Following lines were told on 19-12-2017 in "Rally after Very Short Term correction":-

1- view will remin Bullish
2- Very Short Term correction can not be ruled out in the coming sessions

Very Short Term correction was seen in both previous sessions and today closing also near the lower levels of the day but whole day today trading was with consolidation Patterns formation therefore up moves are expected tomorrow. As some selling between 10490-10485 on 20-12-2017 therefore follow up consolidation tomorrow will mean fresh rally above 10500 in the coming week.

As busy therefore Stock Market Outlook of today(21-12-2017) is not being updated.

Rally after Very Short Term correction

Intra Day Chart Analysis & Market Outlook

(20-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Consolidation between 10406-10429
2- Up moves in last hours
3- Whole day actual trading between 10406-10472

Conclusions from intra day chart analysis 

Firstly more than 4 hours consolidation between 10406-10429 and after that last hours up moves and closing near the lower levels of the day as well as no selling patterns formations today therefore view will remin Bullish. 

As Very Short indicators have turned overbought therefore Very Short Term correction can not be ruled out in the coming sessions but until Nifty will not sustain below today lowest after fresh selling till then decisive down moves will not be seen because good lower levels consolidation today.

As busy therefore Stock Market Outlook of today(19-12-2017) is not being updated.

Strong rally after BJP victory in Gujarat Election   

Intra Day Chart Analysis & Market Outlook

(18-12-2017)

Nifty-Intra Day Chart (15-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Whole day all the down moves in Bullish Falling Channels
2- Whole day actual trading between 10320-10373

Conclusions from intra day chart analysis 

Although huge gap up opening and closing near the lower levels of the day after continuous slipping but view will be Bullish because whole day all the down moves were in Bullish Falling Channels. 

As there may be some uncertainity due to Gujarat assembly election results therefore some volatility can not be ruled out in first 3 hours but expected that finally strong rally will be seen after BJP victory(more than 130 seats) in Election.