Technical Analysis,Research & Weekly Outlook(Nov 10 to Nov 14,2014)

Nifty-Intra Day Chart (Nov 03 to Nov 07,2014):-

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Technical Patterns and Formations in last 3 Sessions intraday charts

1- Higher levels selling and lower levels good consolidations in last 3 sessions
2- 3 Sessions actual trading between 8291-8365 

Conclusions from 3 Sessions intra day chart analysis 

Higher levels selling and lower levels good consolidations in last 3 sessions of previous week therefore Nifty will be understood sideways within 8291-8365

Nifty-Intra Day Chart (07-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 6291-6318
2- Minor selling patterns at higher levels
3- Whole day actual trading between 6291-6360

Conclusions from intra day chart analysis 

Although lower levels good consolidation but selling patterns formations also at higher levels therefore firstly follow up consolidation is must for decisive up moves despite day's closing near the higher levels of the day.

Conclusions (After Putting All Studies Together)

Nifty traded 49 sessions sideways between 7724=8180 and this trange was forcefully broken out on 31-10-2014 as well as last 3 sessions of previous week were range bound between 8291-8365. Although lower levels good consolidation but some selling was also seen in last 3 sessions of previous week therefore expected that Nifty will firstly trade and prepare for next decisive moves within the trading range of previous week(8291-8365). Next supports and resistances are as follows:-

1- Supports between 6291-6318
2- Supports between 8324-8337
3- Supports between 8298-8310
4- Resistances between  8351-8364 

As good supports at lower levels in previous week therefore strong possibility fresh rally after follow up consolidations and sustaining above last 3 days highest(8365).

Technical Analysis and Market Outlook(07-11-2014)

Nifty-Intra Day Chart (05-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8351-8364 in first 2 hours
2- Consolidation between 8324-8337
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 8324-8365

Conclusions from intra day chart analysis 

Firstly 2 hours selling and slipping but lower levels consolidations also therefore intraday patterns formation will be understood mixed and follow up moves as well as sustaining beyond day's trading range(8324-8365) will be next very short term moves confirmation.

As most heated sentiments and oscillators are over bought therefore intraday or Very Short Term Corrections may be seen any day after some selling but All trends are up,Indian markets are most Bullish therefore until complete selling patterns will not develop on EOD charts till then Short Term Correction will not be considered. 

Mid-session Outlook-2(05-11-2014)

As fresh consolidation above 8324 after minor selling in first 2 hours therefore strong indication of intraday correction completion today and fresh rally confirmation will be after sustaining above 6363

Mid-session Outlook(05-11-2014)

Although positive zone trading since opening but selling patterns formations also seen above 8355 today.

Technical Analysis and Market Outlook(05-11-2014)

Nifty-Intra Day Chart (03-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8298-8310
3- Whole day actual trading between 8298-8331

Conclusions from intra day chart analysis

Following line was told on 02-11-2014  in Technical Analysis and Market Outlook(03-11-2014):-

consolidation is firstly required for next up moves above day's highest(8330)

As was told yesterday same is being seen and most time trading is below 8330 between 8298-8331 and closing also below 8330 at 8,324.15 on 03-11-2014.

Whole day consolidation patterns formations with lower levels multiple supports therefore emergence of rally continuation possibility. As most heated sentiments and oscillators are over bought therefore some down moves can not be ruled out but Nifty will not sustain below day's lowest(8298) and finally rally will remain continued in the coming sessions.

Mid-session Outlook(03-11-2014)

Following line was told yesterday in Technical Analysis and Market Outlook(03-11-2014):-

consolidation is firstly required for next up moves above day's highest(8330)

As was told yesterday same is being seen today because most time trading is below 8330 between 8298-8329. Let Nifty sustaining beyond this range then next decisive moves will be considered because till now mixed trading patterns formation today.

Technical Analysis and Market Outlook(03-11-2014)

Nifty-Intra Day Chart (31-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 8260-8385
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 8198-8330

Conclusions from intra day chart analysis 

Although whole day up moves after gap up opening but mixed Patterns formations between 8260-8385 and after that up moves in Bearish Rising Channel were also seen therefore some consolidation is firstly required for next up moves above day's highest(8330). As all trends are up and Nifty traded strongly  above life time high therefore any correction will be considered only after complete selling patterns formations on EOD charts but minor intraday and Very Short Term corrections may be seen any day because indicators are overbought and sentiment is much heated.

Finally rally continuation is expected in the coming sessions despite minor correction and volatility possibility.

Live Proofs of Rally above All Time High Predictions from 19-10-2014

Only we told for Rally 9 times in whole India

 When Nifty closed at the lowest of correction at 7780 on 17-10-2014(Friday) then then following line was told on 19-10-2014 in Technical Analysis and Market Outlook(20-10-2014):-

1- strong indication of fresh strong rally above all time high

In Technical Analysis and Market Outlook(21-10-2014):-

2- strong indication of fresh strong rally above all time high

In Technical Analysis and Market Outlook(22-10-2014):-

3- strong indication of fresh strong rally above all time high

In Technical Analysis and Market Outlook(27-10-2014):-

4- Finally rally continuation is expected above 8030 in next week

In Technical Analysis and Market Outlook(28-10-2014):-

5- finally rally continuation is expected in  the coming sessions

In Mid-session Outlook-2(28-10-2014):-

6- we are expecting finally rally in the coming sessions

In Technical Analysis and Market Outlook(29-10-2014):-

7- finally rally above all time high will be seen

In Mid-session Outlook(29-10-2014):-

8- up moves are expected in the coming sessions.

In Technical Analysis and Market Outlook(30-10-2014):-

9- rally continuation is expected after follow up consolidations

Technical Analysis and Market Outlook

(31-10-2014)

Nifty-Intra Day Chart (30-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Firstly up moves with intraday corrections.
2- Consolidation between 8140-8180 in last 3 hours
3- Whole day actual trading between 8086-8181

Conclusions from intra day chart analysis 

Following last resistance range was updated in Technical Analysis and Market Outlook(29-10-2014) and Technical Analysis and Market Outlook(30-10-2014):-

8140-8180

Nifty traded with consolidation patterns within this range on 30-10-2014 therefore this range will be next support and until Nifty will not sustain below 8140 till then any decisive down moves will not be seen. As firstly up moves with intraday corrections and after that 3 hours consolidation therefore rally continuation will be seen in the coming sessions.

Technical Analysis and Market Outlook(30-10-2014)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8053-8069
2- Minor selling at higher levels in last half hour
2- Whole day actual trading between 8053-8097

Conclusions from intra day chart analysis 

Although good consolidation at lower levels and closing near the higher levels of the day but selling patterns formations were also in last half hour therefore firstly consolidation is required for fresh rally because follow resistances above today highest:-

1- 8115-8160
2- 8140-8180

As lower levels good consolidations and all trends are up therefore rally continuation is expected after follow up consolidations. 

Mid-session Outlook(29-10-2014)

1st resistances between 8080-8088 was posted yesterday in Technical Analysis and Market Outlook(29-10-2014) and Nifty retraced after making today highest at 8081.05. Although high volatility today but lower levels consolidation also seen therefore up moves are expected in the coming sessions.

Technical Analysis and Market Outlook(29-10-2014)

Nifty-Intra Day Chart (28-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Minor selling immediately after opening
2- Down moves are in  Bullish Falling Channel
3- Consolidation between 7996-8010 
4- Whole day actual trading between 7996-8037

Conclusions from intra day chart analysis 

Although minor selling and slipping also immediately after opening but in  Bullish Falling Channel which is a consolidation pattern. As lower levels supports with follow up Down moves in  Bullish Falling Channel again seen therefore emergence of up moves expectations.

Following lines were told in Technical Analysis and Market Outlook(21-10-2014):-

As following resistances are also lying at higher levels therefore follow up consolidation is must for rally continuation:-

1- 7900-7937 
2- 7955-7972 
3- 8012-8030

Last resistance range is 8012-8030 and last 2 sessions most time actual trading between 7985-8038 as well as consolidation seen between resistance range therefore strong indications of above mentioned resistances clearance and rally continuation. 

Last resistances of Nifty are as follows:-

1- 8080-8088
2- 8115-8160
3- 8140-8180

Expected that Nifty will counter above resistances in the coming sessions and finally rally above all time high will be seen.

Mid-session Outlook-2(28-10-2014)

Although now trading near the lowest of today after higher levels selling but last 1 hour down moves are in  Bullish Falling Channel which is a consolidation pattern therefore today patterns are mixed. As sustaining beyond yesterday actual trading range(7985-8038) will be next decisive moves confirmation therefore should be firstly watched otherwise we are expecting finally rally in the coming sessions but after follow up consolidations.

Mid-session Outlook(28-10-2014)

Although positive zone trading since opening today but minor selling patterns were also seen between 8015-8020 therefore view is cautious and sustaining above 8020 should be firstly watched now for 1st indication of next up moves.

Technical Analysis and Market Outlook(28-10-2014)

Nifty-Intra Day Chart (27-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Whole day actual trading between 7985-8038

Conclusions from intra day chart analysis 

Although slipping from higher levels and closing near the lowest of the day but Bullish Falling Channel formations seen which is a consolidation pattern therefore finally rally continuation is expected in  the coming sessions

Mid-session Outlook(27-10-2014)

Although slipping from higher levels but Bullish Falling Channel formations also seen therefore rally continuation expectations are alive.

Technical Analysis and Market Outlook(27-10-2014)

Nifty-Intra Day Chart (22-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 7976-7988 
2- Up moves with intraday corrections
3- Whole day actual trading between 7976-8005

Conclusions from intra day chart analysis 

As lower levels consolidation and Up moves with intraday corrections also therefore emergence of rally continuation expectations in the coming sessions.

Nifty-Intra Day Chart (23-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Whole day actual trading between 8009-8031

Conclusions from intra day chart analysis

Although most time slipping after gap up opening but in Bullish Falling Channel therefore rally continuation in the coming sessions.

Conclusions (After Putting All Indicators Together)

All trends are up and correction continuation for the last 28 sessions but with Bullish Flag formations on EOD charts therefore rally continuation is expected after correction completion. Last 17 sessions sideways trading between 7724-8030 with with higher levels resistances and once sustaining above 8030 will mean strong indication of fresh rally after correction completion.

Finally rally continuation is expected above 8030 in next week

Technical Analysis and Market Outlook(22-10-2014)

Nifty-Intra Day Chart (21-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 7875-7900
2- Consolidation between 7906-7919
3- Whole day actual trading between 7875-7936

Conclusions from intra day chart analysis 

As lower levels good consolidations yesterday and today all the Global markets re blasting therefore rally continuation after gap up opening today but when Indian markets were crashing in previous week then we told again and again for confirmation requirement of deeper correction and told following lines on 19-10-2014 in Technical Analysis and Market Outlook(20-10-2014):-

As Bullish Flag formation seen in last 25 sessions correction therefore deeper correction is not expected and once confirmation of sustaining above 7796/7724 will be a strong indication of fresh strong rally above all time high. 

Technical Analysis and Market Outlook(21-10-2014)

Nifty-Intra Day Chart (20-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 7894-7905
2- Down moves in Bullish Falling Channel 
3- Whole day actual trading between 7857-7905

Conclusions from intra day chart analysis

Although sharp down moves in previous week and crucial supports were also broken down but we told again and again for the requirement of broken down confirmation in all the Outlooks of previous week. As consolidation patterns were seen last Friday therefore strong rally  possibility was also told yesterday and Nifty closed 1.28% up today. 

Although firstly selling after huge gap up opening today but down moves in Bullish Falling Channel formation also seen therefore today started rally continuation hopes are alive because following multiple Supports below today lowest:-

1- 7816-7846
2- 7796-7827
3- 7724-7764

As following resistances are also lying at higher levels therefore follow up consolidation is must for rally continuation:-

1- 7900-7937 
2- 7955-7972 
3- 8012-8030

Last 14 sessions sideways trading between 7724-8030 with above above supports/resistances therefore Nifty will trade and prepare for next decisive moves within this range in the coming sessions. Sustaining below 7724 will be deeper correction confirmation and sustaining above 8030 will be strong indication of fresh rally after correction completion.

As Bullish Flag formation in last 26 sessions correction on EOD charts and lower levels supports were also seen in previous sessions therefore deeper correction is not expected and strong indication of fresh strong rally above all time high after consolidation/supports confirmations above 7724. 

As busy therefore Mid-session Outlooks are not being updated today.

Technical Analysis and Market Outlook(20-10-2014)

Nifty-Intra Day Chart (17-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 7724-7819

Conclusions from intra day chart analysis

Although recovery from lower levels after consolidation patterns formations but selling patterns also seen at higher levels therefore mixed patterns formations and follow up trading positions will decide next decisive moves and should be firstly watched in next week for next decisive moves.

13 Sessions range(7796-8030) broken down forcefully on 16-10-2014 but sustaining below 7796 is must for deeper correction confirmation towards 200 Day EMA(today at 7253) but consolidation seen above 7724 therefore sustaining below 7796/7724 should be firstly watched in next week for deeper correction confirmation or its completion.

As Bullish Flag formation seen in last 25 sessions correction therefore deeper correction is not expected and once confirmation of sustaining above 7796/7724 will be a strong indication of fresh strong rally above all time high. 

Pre-closing Outlook(17-10-2014)

Although 13 Sessions range(7796-8030) broken down forcefully yesterday but confirmation was required through sustaining below 7796 therefore its requirement was updated in previous Outlook yesterday. Nifty traded most time below 7796 and consolidated at lower levels today as well as moved above 7796. Correction continuation and till now no confirmation of its completion. Deeper correction possibility is still alive through sustaining below 7796/7724(today lowest) and sustaining beyond these 2 levels should be firstly watched in next week for deeper correction confirmation or its completion..

Technical Analysis and Market Outlook(17-10-2014)

Nifty-Intra Day Chart (16-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 7827-7893
2- Sharp down in last hour
3- Whole day actual trading between 7730-7893-

Conclusions from intra day chart analysis 

Firstly more than 5 hours selling and after last 13 sessions range(7796-8030) broken down forcefully as well as given strong signal of deeper correction towards 200 Day EMA(today at 7248). As today last hour sharp down moves were the impact of deep Red European markets and more than 90 points down Dow's Futures therefore breaking down confirmation of 7796 is still left through sustaining below it.

Correction is on and deeper correction confirmation is still left through sustaining below 7796 and it should be firstly watched tomorrow.

Mid-session Outlook(16-10-2014)

Although huge fall in Global markets but Indian markets out performed therefore firstly some up moves with positive zone trading seen immediately after opening. As some selling was also seen therefore Nifty could not sustain and slipped into negative zone but lower levels minor support also seen above 7818 today. Following conclusive lines have been posted in previous Outlooks and being repeated:- 

sideways trading between 7796-8030 and Nifty will prepare for next trend within and near about this range in the coming sessions and valid break out of this range will decide next big moves confirmation.

Post-open Outlook(16-10-2014)

Although huge fall in Global markets but Indian markets out performed and Nifty is now trading only 20 points down therefore it is a positive indication and firstly sustaining beyond 7796 should be watched today for next big moves confirmations.

Pre-open Outlook(16-10-2014)

All the Asian markets are in deep Red after huge fall in US and European markets yesterday therefore Indian markets will react it through gap down opening today. Short Term Correction continuation and sideways trading between 7796-8030 from last 12 Sessions and sustaining below 7796 should be firstly watched today for next big moves confirmations.

Technical Analysis and Market Outlook(16-10-2014)

Nifty-Intra Day Chart (14-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 7826-7856
2- Up moves in Broadening pattern with intraday correction 
3- Whole day actual trading between 7826-7928

Conclusions from intra day chart analysis 

Short Term Correction continuation from 08-09-2014 with last 12 Sessions sideways trading between 7796-8030. As lower levels good supports and higher levels good selling also therefore expected that Nifty will trade and prepare for next trend within and near about this range in the coming sessions and valid break out of this range will decide next big moves

As up moves in Broadening pattern with intraday correction after lower levels consolidation on 14-10-2014 therefore emergence of up moves indications towards 8030 in the coming sessions. 

Pre-closing Outlook(14-10-2014)

As follow op consolidation today and lower levels supports yesterday therefore emergence of up moves indications up to 8030 in the coming sessions.

Mid-session Outlook(14-10-2014)

Following lines were told yesterday in Technical Analysis,Research & Weekly Outlook(Oct 13 to Oct 17,2014) 

Nifty will prepare for next big moves within and near about this range for next decisive moves and sustaining beyond last 10 Sessions trading range(7818-8030) should be firstly watched in the coming week 

As most depressing Global markets yesterday therefore Nifty slipped below 7818 but could not sustain and recovered and today trading within last 10 Sessions trading range. Markets start decisive moves after complete technical positions formation and till then remain sideways as well as prepare for next trend. Finally sustaing beyond last 11 Sessions trading range(7796-8030) will be next big trend confirmation/strong indication and should be watched now.

Let market prepare then will be updated from intraday charts analysis in the same manner as being done for the last more than 4 years.

As busy therefore Technical Analysis and Market Outlook(14-10-2014) is not being posted but Mid-session Outlooks will be updated during trading hours today.

Pre-closing Outlook(13-10-2014)

Although crashing like Global cues and Indian markets traded in deep Red also after Gap down opening but we were not Bearish therefore we told following line in previous Outlook at 09:53 AM today:-

last 10 sessions range breaking down confirmation is must through sustaining below 7818

Nifty could not sustain below 7818 and recovered strongly from lower levels as well as gained more than 100 points from today lowest. 

Today intraday rally is only a Pull Back rally and still Nifty is will be understood sideways between 7796-8030,finally sustaining it beyond should be watched in the coming sessions for next big moves confirmations.

Post-open Outlook(13-10-2014)

As depressing Asian markets therefore gap down opening and trading below the lowest of last 10 sessions range(7818). As today weak markets are due to crashing like Global cues therefore last 10 sessions range breaking down confirmation is must through sustaining below 7818 for deeper correction towards 200 Day EMA(today at 7230

Technical Analysis,Research & Weekly Outlook(Oct 13 to Oct 17,2014)

Nifty-Intra Day Chart (Sep 24 to Oct 10,2014):-

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Technical Patterns and Formations in last 10 Sessions intraday charts

1- 10 Sessions actual trading between 7818-8030 
2- Lower levels supports
3- Higher levels resistances.

Conclusions from 10 Sessions intra day chart analysis 

10 Sessions trading between 7818-8030 with following supports and resistances;-

1- Supports between 7842-7910 
2- Supports between 7818-7850

1- Resistances between 8008-8030
2- Resistances between 7975-7991
3- Resistances between 7955-7972

Although Nifty closed within 1st supports range but both higher levels selling and lower levels buying seen in last 10 sessions therefore Nifty will prepare for next big moves within and near about this range for next decisive moves and sustaining beyond last 10 Sessions trading range(7818-8030) should be firstly watched in the coming week for next big trend confirmations.

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

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Technical Patterns and Formations in today intraday charts

1- Whole day high Volitility.
2- Up moves in Bearish Rising Channel
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 7848-7924

Conclusions from intra day chart analysis 

Whole day both Bullish and Bearish patterns formations with no specific position formations therefore valid break out of today trading range should be watched because technical positions reverses in whole day such high volatility which was seen on 10-10-2014

Conclusions (After Putting All Studies Together)

Short Term Correction continuation since 08-09-2014 but last 10 Sessions sideways trading between 7818-8030 and valid break out of this range will decide the fate of on going correction. Sustaining below 7818 will mean Intermediate Term Trend turning down confirmation and that will mean deeper correction towards 200 Day EMA(today at 7230). Sustaining above 8030 will be 1st strong indication of correction completion.

Finally sustaining beyond 7817-8030 should be watched in next week for next big moves confirmations..

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

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 7887-7926 
2- Selling between 7955-7972 in last more than 1 hour.
3- Whole day actual trading between 7887-7972

Conclusions from intra day chart analysis 

Nifty closed at 7960.55 after gaining 117 points today but when Nifty was trading in Red then following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)

emergence of Pull Back rally expectation above today highest(7869)

When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-

emergence of Pull Back rally possibility above today highest(7869).

Following  resistances ranges were updated today at  09:22 AM in Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels:-

1- 7975-7991
2- 8008-8030

Whole day today trading just below the lowest of above mentioned resistance ranges between 7887-7972 with lower levels good consolidation but higher levels selling also between 7955-7972. As today selling was just below resistances therefore firstly complete consolidation is required for sustaining above today highest(7972) and above resistances up to 8030.

Expected that Nifty will firstly trade between today trading range and prepare for next trend as well as valid break out of today trading range(7887-7972) will be next trend 1st indication. Nifty will remain sideways between 7817-8030 in the coming few sessions and prepare for next big trend as well as valid break out of this range will be strong indication of next big moves.

Live Proofs of Indian Stock Markets 100% Accurate Predictions and Levels

Proofs of 100% Accurate Predictions

When all the Global markets were in deep Red and Indian markets were down then we told following conclusive line was told yesterday at 01:22 PM in Mid-session Outlook(08-10-2014)

emergence of Pull Back rally expectation above today highest(7869)

When US markets were down then we told following conclusive line was told yesterday at 11:07 PM in Technical Analysis and Market Outlook(09-10-2014):-

emergence of Pull Back rally possibility above today highest(7869).

As was told 100% same happened and today highest at 7934 as well as Pull Back Rally is being seen today.

Proofs of 100% Accurate Levels 

Importance of 7842 was explained in almost all the previous Outlooks and Nifty could not sustain below it as well as closed exactly at 7,842.70 yesterday

Post-open Outlook(09-10-2014)

Pull Back Rally continuation and next resistances are as follows:-

1- 7975-7991
2- 8008-8030

Sustaining above 8030 will be strong indication of correction completion and should be firstly watched now.

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

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

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Lower levels supports
3- Whole day actual trading between 7816-7869

Conclusions from intra day chart analysis 

Although gap down opening today after most depressing global cues but Indian markets out performed and remained sideways within 53 points between 7816-7869 with lower levels supports and consolidation patterns formations. Importance of 7842 was explained in almost all the previous Outlooks and Nifty closed exactly at 7,842.70 today therefore on going correction completion hopes are still alive because supports seen below it today.

As lower levels supports with consolidation patterns formations and selling patterns were not seen today therefore emergence of Pull Back rally possibility above today highest(7869).

Mid-session Outlook(08-10-2014)

Sideways trading within 44 points between 7825-7869 with lower levels consolidation and supports but not sustaining at higher levels also despite no selling patterns seen today. As Nifty is out performing Global cues and today intraday patterns are showing consolidation formations therefore emergence of Pull Back rally expectation above today highest(7869).

Pre-open Outlook(08-10-2014)

Dow Jones closed at the lowest of the day after loosing 272 points yesterday therefore sentiment turned most depressed and resultant all the Asian markets are trading in Red today. Correction continuation in Indian markets and firstly sustaining beyond 7842 should be watched today because once sustaining it below will mean Intermediate Term Trend turning down confirmations and thus opening the gate of fresh down moves towards next supports near 7540.

Technical Analysis and Market Outlook(08-10-2014)

Nifty-Intra Day Chart (07-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Whole day down moves in Bullish Falling Channel 
2- Whole day actual trading between 7884-7970

Conclusions from intra day chart analysis 

As deeper down moves were seen in all the Global markets when Indian markets were closed in last 3 sessions and most Asian markets were trading in Red today morning therefore sentiment was depressed and resultant gap down opening was seen in Indian markets. Sentiment turned dampened also after deep Red opening of all European markets and more than .75% down its trading as well as Dow's Futures slipping more than 90 points down at 02:15 PM today. As whole day depressing mood therefore continuous down moves with closing seen near the lowest of the day seen today.  

Although such Bearish mood today but today down moves are showing  Bullish Falling Channel patterns therefore emergence of some up moves and minimum Pull Back rally possibility. As consolidation patterns were seen on 1st Oct 2014 also therefore fresh up moves are still expected in this week. 

Correction is on Global mood is disturbed therefore firstly sustaining beyond next support(7842) should be watched tomorrow for the confirmation:-

1- First signal of on going correction completion above 7842
2- Deeper correction continuation below 7842.

Pre-closing Outlook(07-10-2014)

Sentiment was already depressed after last 3 sessions selling in most Global markets and it was fuelled by gap down opening of all European markets as well as all the European markets are mow trading more than .75% down.

Although consolidation was seen firstly today and on 1st Oct also but Indian markets are unable to sustain at higher levels after melting all Global markets. Now last hope for the Bulls is at 7842 and sustaining it beyond should be watched for the confirmation of on going correction completion/deeper continuation.

Mid-session Outlook(07-10-2014)

Correction continuation from 08-09-2014 with recent bottom formations at 7842 on 26-09-2014 as well as last 4 sessions sideways market between 7842-8030. As deeper down moves were seen in all the Global markets when Indian markets were closed in last 3 sessions therefore continuous down moves after gap down opening today.

Although whole day down moves today and negative zone trading since opening as well but today intraday patterns are showing consolidation formations. As  whole day Bullish Falling Channel pattern formation was seen on 01-10-2014 also therefore finally up moves are expected in this week despite Nifty is now trading 57 points down.

Post-open Outlook(07-10-2014)

As all the Asian markets are trading in Red today and deeper down moves were seen in all the Global markets when Indian markets were closed in last 3 sessions therefore sentiment is depressed today morning and gap down opening will be seen. Good  consolidation and supports was seen above 7842 was seen on and after 26/09/2014 therefore fresh up moves are still expected in the coming week. 

Up moves expectation after Long Holidays in Next Week

Technical Analysis and Market Outlook

(07-10-2014)

Nifty-Intra Day Chart (01-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Whole day actual trading between 7936-7976

Conclusions from intra day chart analysis 

Correction continuation from 08-09-2014 with recent bottom formations at 7842 on 26-09-2014 as well as last 4 sessions sideways market between 7842-8030. As good consolidation and supports at lower levels and equally good selling at higher levels also in last 4 sessions therefore very Short Term Trend will be understood sideways between 7842-8030.

Although Nifty traded most time in negative zone and also closed in Red on 01-10-2014 but whole day Bullish Falling Channel pattern formation seen therefore emergence of up moves expectations after long holidays in next week and correction completion possibility as well despite SGX Nifty traded 154 points down at 7828 on 2nd Oct 2014 

Pre-closing Outlook(01-10-2014)

Although going to close near the lower levels of today but same view of up moves for next week as has already been updated in previous Post-open Outlook today.

Post-open Outlook(01-10-2014)

Although most time negative zone trading since opening today and now trading also in Red at this moment but today intraday trading patterns are showing consolidation patterns formations therefore emergence of up moves expectations after long holidays in next week and correction completion possibility as well.

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.