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.