Technical Analysis and Market Outlook(14-11-2014)

Nifty-Intra Day Chart (13-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8368-8402 in first 5 hours
2- Whole day actual trading between 8321-8402

Conclusions from intra day chart analysis 

Following line was told at 04:52 PM on 12-11-2014 in Technical Analysis and Market Outlook(13-11-2014):-

good selling was seen between 8395-8415 therefore this range will work as 1st resistance 

As was told 100% same happened and:

1- 8395-8415 proved strong resistance on 13-11-2014 
2- Nifty could not move above it,
3- Nifty slipped below 8395 sharply and 
4- Nifty made lowest formation at 8320.35

As follow up good selling seen in first 5 hours on 13-11-2014 therefore correction continuation will be seen and until complete consolidation will not be seen till then Nifty will not sustain above following resistance ranges:-

1- 8368-8402
2- 8395-8415

Nifty is sideways between 8291-8415 and now correction continuation within this range will be considered as well as sustaining beyond this range next decisive moves confirmation. It must be kept in mind that until complete consolidation will not happen till then Nifty will not move above 8415.

Technical Analysis and Market Outlook(13-11-2014)

Nifty-Intra Day Chart (12-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8395-8415
2- Whole day actual trading between 8371-8415

Conclusions from intra day chart analysis 

Last 5 sessions sideways market between 8291-8383 and this range was broken out today but without required force and good selling was seen between 8395-8415 therefore this range will work as 1st resistance and until complete consolidation will not be seen till then Nifty will not sustain above 8415. As good consolidation and supports above 8291 in previous 5 sessions therefore Nifty will be understood sideways between 8291-8415 and sustaining beyond this range next decisive moves confirmation.

Indian markets are most Bullish and all trends are up as well as until complete selling patterns will not develop on EOD charts till then Short Term Correction will not be considered. As oscillators are overbought therefore Very short Term or intraday correction may be seen any day after few hours selling or profit booking as well as only such type of correction may be seen after higher levels good selling today.

Technical Analysis and Market Outlook(12-11-2014)

Nifty-Intra Day Chart (11-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8362-8379 
2- Consolidation between 8321-8344 
3- Whole day actual trading between 8379-8321

Conclusions from intra day chart analysis 

Although selling immediately after opening but lower levels good consolidation also therefore up moves with new life time high formation are expected because lower levels good consolidation seen in last 5 sessions sideways market between 8291-8383.

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

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8305-8328
2- Mixed Patterns between 8330-8450 in last hour
3- Whole day actual trading between 8305-8383

Conclusions from intra day chart analysis 

Although mixed Patterns between 8330-8450 in last hour but lower levels good supports with consolidations patterns formations also therefore possibility of rally continuation above last 4 days highest(8383) is still but follow up consolidation is must.

Mid-session Outlook(10-11-2014)

Following line was told today at 09:05 AM in Technical Analysis,Research & Weekly Outlook(Nov 10 to Nov 14,2014):-

Nifty will firstly trade and prepare for next decisive moves within the trading range of previous week(8291-8365)

As was told 100% same happened and most time trading within this range today. As lower levels supports with consolidations patterns formations today therefore finally rally is expected above last 3 days highest(8365) in the coming sessions.

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).