भारत के महान और ईमानदार प्रधानमंत्री शास्त्री जी के जन्मदिवस पर

सभी देशवासियों को हार्दिक बधाई 

शास्त्री जी ने 1965 के युद्ध के समय फटी धोती तक पहनी थी, अपने बच्चों का ट्यूशन तक बंद करवा दिया था

और औने गार्डन में फूलों की जगह सब्जिया खुद उगाई थी

Firstly Watch Valid Break out Most Crucial Range

Intra Day Chart Analysis & Market Outlook

(01-10-2015)

Nifty-Intra Day Chart (30-Sep-2015):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 7875-7898
2- 5 Waves of Bearish Rising Wedge formation in last hour. 
3- Whole day actual trading between 7875-7957

Conclusions from intra day chart analysis 

As Dow's Futures was trading 100 points up at the opening time of all Indian markets and most Asian markets were also trading in Green therefore 80 points up opening of Indian markets and after that 4 hours consolidation between 7875-7898 as well as slow up moves in last 2 hours.

Previous 26 sessions trading between 7540-8092 and next 3 resistances of this range are as follows:-

1- 7995-8010
2- 8032-8055
3- 8068-8090

Bearish Rising Wedge formation in last hour today and Short Term indicators have turned overbought after last 2 sessions strong rally as well as above mentioned 3 resistances are also lying above today highest and fresh consolidation is still required for next decisive up moves therefore Nifty will trade between 7824-8090 in the coming 1/2 sessions. 

Certainly coming 1/2 sessions will be most crucial because follow up consolidation is must to cross and sustain above mentioned resistances. If it happens then trend reversal will be considered but confirmation will be after sustaining above 26 sessions trading range highest(8092).

As complete selling is also required for fresh down moves and it has not developed yet therefore some more up moves are still expected between 7824-8090 but volatility may remain high within this range and next trend beyond this range will be as follows:-

1- Valid break out above 8090 will mean trend reversal confirmation resultant fresh rally after previous 4000 points rally(5118-9119) correction completion. 
2- Valid break down below 7824 will mean first signal of correction beginning towards 7104/6761 and correction continuation confirmation will be below today lowest(7875)

As 7824-8090 has developed most crucial therefore firstly its Valid break out should be watched for next trend first signal/confirmations.

Just Watch 25 Sessions Trading Range for Big Decisive Moves Confirmations 

Intra Day Chart Analysis & Market Outlook

(30-09-2015)

Nifty-Intra Day Chart (29-Sep-2015):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- 100 Points surge after RBI Credit policy
2- 234 Points intraday rally
3- 100 Points slipping in last hours.
4- Whole day actual trading between 7692-7926

Conclusions from intra day chart analysis 

When Dow Jones was trading 300 points down after more than 2% negative closing of all European markets and Indian markets closing near the lower levels of the after loosing 73 points on 28-09-2015 then we were not Bearish and told following lines in "RBI Credit policy is last Hope of Bulls amid All Global Markets Crashing":-

1- Certainly higher levels complete selling was not seen and some consolidation was also seen in first 5 hours sideways trading 
2- sustaining below first 5 hours trading range(7832-7890) is must for decisive down moves below today lowest(7787)
3- next trend will be decided according to RBI Credit policy announcements after 11:00 AM which is last hope of Bulls

Following lines were told at on 27-09-2015 in "Next Trend after RBI Credit Policy will get confirmations from 23 Sessions Range":-

1- 50 BPS cut is less expected and its announcement will mean immediate forceful up moves but trend reversal will be considered only after sustaining above 23 sessions trading range highest(8092)
2- Correction is very much in continuation towards its technical targets at 7104/6761 but importance of valid break out of last 23 sessions like long sideways range also can not be ignored because such long time ranges have trend reversal strength also. 
3- Certainly last 23 sessions trading range has power to form big trend therefore firstly watch its valid break out in next RBI Credit Policy week for confirmations.

As following reasons still therefore Nifty will be understood range bound within last 25 Sessions range:- 

1- Today rally was only RBI Credit Policy news generated and not after intraday complete consolidation
2- Technical positions reverses also during today like news led intraday volatility 

Last 25 sessions sideways trading between 7540-8092 with higher levels selling and lower levels consolidations and Correction is on towards its technical targets at 7104/6761 but 25 sessions like long sideways range has trend reversal strength also therefore finally valid break out of mentioned 25 sessions range should be watched for next big decisive moves confirmations. 

RBI Credit policy is last Hope of Bulls amid All Global Markets Crashing 

Intra Day Chart Analysis & Market Outlook

(29-09-2015)

Nifty-Intra Day Chart (28-Sep-2015):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 7832-7854
2- Consolidation Patterns between 7843-7862
3- Selling Patterns between 7866-7880
4- Selling Patterns between 7870-7890
5- 5 Hours Mixed Patterns between 7832-7890
6- Sudden fall with 100 points sharp fall in Dow's Futures and in all fast slipping of all European markets
7- Whole day actual trading between 7787-7890

Conclusions from intra day chart analysis 

As first 5 hours trading was with both consolidation and selling therefore Mixed Patterns formations will be understood at higher levels of the day today. Although closing near the lower levels of the day after slipping from higher levels but after 100 points sudden sharp down moves in Dow's Futures and fast slipping of all the European markets.

Certainly higher levels complete selling was not seen and some consolidation was also seen in first 5 hours sideways trading therefore sustaining below first 5 hours trading range(7832-7890) is must for decisive down moves below today lowest(7787)

As Dow Jones is now trading 300 points down after more than 2% negative closing of all European markets therefore all the Asian markets may trade in deep Red on 29-09-2015 and resultant Indian markets will also open gap down but next trend will be decided according to RBI Credit policy announcements after 11:00 AM which is last hope of Bulls otherwise technically Nifty is well prepared to move towards 7104/6761 after crashing of all the Global markets.

Next Trend after RBI Credit Policy will get confirmations from 23 Sessions Range 

Technical Analysis,Research & Weekly Outlook

(Sep 28 to Oct 01,2015)

Nifty-Intra Day Chart (Aug 24 to Sep 24,2015):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 23 Sessions intraday charts

1- 165 Points gap down opening on 24-08-2015
2- 23 Sessions actual trading between 7540-8092 from 24-08-2015 to 24-09-2015 with higher levels selling and lower levels consolidations

Conclusions from 23 Sessions intra day chart analysis 

Last 23 Sessions sideways market between 7540-8092 after huge 165 points gap (8060-5225) down opening on 24-08-2015 with higher levels selling and lower levels consolidations and last Friday closing at almost middle of this range. As both sufficiently good selling at higher levels and equally good consolidations at lower levels also therefore market require some more technical positions formations for next decisive moves beyond this range. 

Expected that Nifty will firstly trade next 2/3 sessions between 7540-8092 and prepare for next big trend within this range because valid break of this 23 Sessions trading range will certainly produce blasting moves beyond this range.

Intra Day Chart Analysis(24-09-2015)

Nifty-Intra Day Chart (24-Sep-2015):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 7804-7833(Immediate Supports)
2- Consolidation Patterns formations in last hours between 7864-7894
3- Whole day actual trading between 7804-7894

Conclusions from intra day chart analysis 

As up moves after lower levels consolidations and follow up consolidation patterns formations also at higher levels of the day therefore firstly some up moves are expected in the beginning of next week. 

Conclusions (After Putting All Studies Together)

As detailed analysis of EOD charts have already been updated in previous weeks Weekly analysis and no material changes in previous week therefore not being posted in this week but will be considered for drawing final conclusions. Just click following previous Weekly analysis topics links for EOD charts ready references:- 

1- Just watch 7691 for on fresh Down Moves beginning towards 7104/6761(Sep 21 to Sep 24,2015) 
2- Finally correction continuation towards 7104/6761(Sep 14 to Sep 18,2015)

Trends of Nifty are as follows:-

1- Long Term Trend is down
2- Intermediate Term Trend is sideways between 7540-8092
3- Short Term Trend is sideways

RBI Credit Policy will be announced on 29-09-2015 and Nifty will remain volatile till then but following decisive moves will be seen after following changes in rates:-

1- 25 BPS cut is very much expected but priced in and finally down moves will be seen after initial volatility.
2- 50 BPS cut is less expected and its announcement will mean immediate forceful up moves but trend reversal will be considered only after sustaining above 23 sessions trading range highest(8092)

Expected that Nifty will firstly prepare next Monday for post Credit Policy trend but follow up consolidation is must after last Friday consolidation for next decisive moves above 8092 because good selling below it was also seen in last 23 sessions.

Correction is very much in continuation towards its technical targets at 7104/6761 but importance of valid break out of last 23 sessions like long sideways range also can not be ignored because such long time ranges have trend reversal strength also. 

Certainly last 23 sessions trading range has power to form big trend therefore firstly watch its valid break out in next RBI Credit Policy week for confirmations.