Firstly Watch 3 Resistances for the Life of Today started Pull Back Rally

Intra Day Chart Analysis & Market Outlook

(04-09-2015)

Nifty-Intra Day Chart (03-Sep-2015):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 7788-7811
2- Up moves beginning after strong opening of European markets at 12:30 PM
3- Down moves in Bullish Falling Channel at higher levels of the day
4- Whole day actual trading between 7754-7845

Conclusions from intra day chart analysis 

Although some down moves after more than 2 hours selling but fast recovery from lower levels after strong opening of European markets at 12:30 PM therefore today rally will be understood on the back of positive Global cues. As consolidation was also seen at higher levels of the day through Down moves in Bullish Falling Channel patterns therefore today started Pull Back Rally continuation will be seen tomorrow.

Following immediate resistances are lying above today highest:-

1- 7865-7881
2- 7894-7926
3- 7929-7948(Gap Resistance)

Now only Global cues driven rally will be understood and trend reversal will be considered only after sustaining above mentioned resistances. Failing to cross or sustaining above will mean correction continuation below on going correction lowest(7667)

Firstly valid break out of mentioned 3 resistances should be watched in the coming sessions for today started Pull Back Rally continuation or completion.

Finally Correction Continuation amid a Bounce Back Possibility

Intra Day Chart Analysis & Market Outlook

(03-09-2015)

Nifty-Intra Day Chart (02-Sep-2015):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 7816-7842
2- Selling between 7788-7807
3- Selling between 7738-7768
4- All the Down moves in Bullish Falling Channel 
5- Whole day actual trading between 7700-7842

Conclusions from intra day chart analysis 

As positive sentiment due to following developments therefore some up moves after Green opening today:-

1- Government accepts AP Shah Panel report on MAT and no levy on FIIs prior to April 1, 2015 
2- Dow's Futures was trading more than 120 points up

Although continuous selling after every dip but all the Down moves in Bullish Falling Channel and all the Nifty Put Options below 7800 closing in Red despite .88% down closing of Nifty at 7717 today therefore view will be cautious and follow up moves will be firstly watched tomorrow for next decisive moves confirmations.

As all the Down moves were in Bullish Falling Channel and all the Nifty Put Options below 7800 closed in Red also today therefore a Bounce Back possibility can not be ruled out but finally correction continuation is expected because as such no signal of its completion yet.

As busy therefore Stock Market Outlook of today is not being updated.

Signals of Fresh Down Moves

Intra Day Chart Analysis & Market Outlook

(01-09-2015)

Nifty-Intra Day Chart (31-Aug-2015):-

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Technical Patterns and Formations in today intraday charts

1- Support between 7955-7975
2- selling between 8015-8028
3- Up moves in Bearish Rising Channels
4- High intraday volatility
5- Whole day actual trading between 7948-8043

Conclusions from intra day chart analysis 

As most Asian were trading in Red and Dow's Futures was also more than 200 points down today morning therefore weak opening of Indian markets and high volatility in accordance to Global cues today. 

Although up moves after minor supports in first hour but higher levels selling with up moves in Bearish Rising Channel in last hours also therefore signals of fresh down moves in the coming sessions. As Global cues led high volatility today and technical positions reverses during such high volatility therefore firstly valid break down of today lowest(7947.95) should be watched tomorrow for deeper correction confirmations.