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):-

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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):-

Just click on chart for its enlarged view

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