Technical Analysis and Market Outlook(02-01-2015)

Nifty-Intra Day Chart (01-Jan-2015):-

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Technical Patterns and Formations in today intraday charts

1- More than 4 hours trading with Mixed Patterns formations between 8262-8280 
2- Mixed Patterns formations between 8280-8294 in last hour
3- Whole day actual trading between 8249-8294

Conclusions from intra day chart analysis 

As whole day good selling yesterday therefore most time negative zone trading after weak opening today. Good selling between 8218-8286 in previous sessions but today most time trading with closing within this range with Mixed Patterns formations therefore view is cautious and  firstly follow up moves with sustaining beyond this range should be watched tomorrow for next immediate trend confirmations.

Bears will welcome in 2015

Technical Analysis and Market Outlook

(01-01-2015)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 8268-8080
2- Selling Patterns formations at higher levels between 8280-8291
3- Whole day actual trading between 8251-8291

Conclusions from intra day chart analysis 

Although most time positive zone trading with closing near the higher levels of the day but good selling seen today therefore fresh down moves will be seen in the coming sessions.

As selling seen in previous sessions also therefore expected that finally down moves will be seen below 8218/8155/7961.35 and Bear will welcome in 2015.

Fresh Down Moves Possibility despite today Closing near the Higher Levels

Technical Analysis and Market Outlook(31-12-2014)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation and supports between 8221-8237
2- Whole day actual trading between 8221-8268

Conclusions from intra day chart analysis 

Following line was told today at 10:17 AM in Mid-session Outlook(30-12-2014)

sustaining beyond 8218-8286 should be watched for next decisive move confirmations.

Nifty traded between 8220.55-8268.25 with lower levels consolidations today but higher levels selling was seen within following ranges on:-

1- 29-12-2014 between 8260-8279
2- 24-12-2014 between 8218-8286

Although selling above 8218 on 24-12-2014 but not slipping below it today despite most depressed Asian markets because Union Cabinet approved amendment to Land Acquisiton Act after Indian Stock Market closing yesterday. As consolidation and supports above 8218 between 8221-8237 today therefore firstly sustaining below 8221 should be watched for next down moves confirmations.

Although Nifty closed near the higher levels of today but lower levels supports between 8221-8237 are not strong and until Nifty will not sustain above 8286 till then decisive up moves will not be considered. It must be kept in mind that failure to cross or sustain above 8286 and fresh selling below or near about 8286 will mean high possibility of fresh sharp down moves below 8218.

As strong indications of corrective Wave'C' continuation towards and below 7961.35 after Wave'B' termination at 8364 on 23-12-2014 therefore expected that Nifty will not sustain above 8286 and fresh down moves will be seen below 8218 after fresh selling below or near about 8286 within next 2/3 days.  

Mid-session Outlook(30-12-2014)

As Union Cabinet cleared ordinance to ease land acquisitions in reforms push after market yesterday therefore Indian markets are flat to positive despite good selling at higher levels yesterday. Certainly view is cautious after such encouraging development and firstly sustaining beyond 8218-8286 should be watched for next decisive move confirmations.

Correction continuation despite 0.56% Positive closing on 29-12-2014

Technical Analysis and Market Outlook

(30-12-2014)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 8260-8279(recent resistance) 
2- Whole day actual trading between 8240-8279

Conclusions from intra day chart analysis 

Although Nifty closed 0.56% up today but good selling between 8260-8279 therefore strong indications of slipping below day's actual trading lowest(8240). Selling between 8218-8286 on 24-12-2014 and selling seen within this range today also therefore strong indications of corrective Wave'C' continuation towards and below 7961.35 after Wave'B' termination at 8364 on 23-12-2014.

As I was out of station therefore Today Outlook is not being updated but tomorrow Outlook will be positively posted before the opening of tomorrow market.