Intra Day Chart Analysis & 

Market Outlook(29-07-2016)

Nifty-Intra Day Chart (28-Jul-2016):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 8631-8653
2- Whole day actual trading between 8626-8674

Conclusions from intra day chart analysis

Last 2 sessions selling at higher levels of previous resistance range(8575-8652) but fresh consolidation Patterns formations within it between 8631-8653 therefore once sustaining above it will mean fresh fast rally which is expected also after good consolidation today and  next resistances are above 8800 

Intra Day Chart Analysis & Market Outlook(28-07-2016)

Nifty-Intra Day Chart (27-Jul-2016):-

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Technical Patterns and Formations in today intraday charts

1- Firstly Up moves in Bearish Rising Channel
2- Afterwards Down moves in Bullish Falling Channel
3- Last 4 hours Mixed Patterns between 8573-8610
4- Whole day actual trading between 8573-8665

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Intra Day Chart Analysis & Market Outlook(27-07-2016)":-

1- fresh selling was seen today between 8634-8644 which is within previous sessions updated resistance range(8575-8652).
2- As follow up selling within mentioned resistance range(8575-8652) and it has become stronger today

Although strong up moves immediately after opening but not sustaining at higher levels because follow up selling within resistance range was seen yesterday. As only intraday volatility and as such one sided technical position not formations therefore next decisive moves confirmations will be from vaild break out of 8444-8665 which should be firstly watched in the coming sessions.  

Intra Day Chart Analysis & 
Market Outlook(27-07-2016)

Nifty-Intra Day Chart (26-Jul-2016):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8634-8644(Immediate Resistances)
2- Whole day actual trading between 8578-8644

Conclusions from intra day chart analysis 

Last 10 sessions sideways trading between 8444-8595 and this range was broken out yesterday despite weaker Global markets sentiments therefore finally rally continuation was expected but fresh selling was seen today between 8634-8644 which is within previous sessions updated resistance range(8575-8652). As today closing also between last 10 sessions sideways trading range(8444-8595) at 8590,65 therefore yesterday break out of 10 sessions range may be false.

As follow up selling within mentioned resistance range(8575-8652) and it has become stronger today therefore more down moves can not be ruled out and complete fresh consolidation is firstly required for decisive up moves above immediate resistance range highest(8652).

Following conclusive line is being repeated which was told on 24-07-2016 in "Valid break out of 8595/8652 will mean Bullish Gates opening":-

valid break out of 8444-8652 should be firstly watched for next decisive moves confirmations. 

Rally continuation Expectations

Intra Day Chart Analysis & Market Outlook

(26-07-2016)

Nifty-Intra Day Chart (25-Jul-2016):-

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Technical Patterns and Formations in today intraday charts

1- Whole day up moves
2- Whole day actual trading between 8518-8641

Conclusions from intra day chart analysis 

Following line was told yesterday in "Valid break out of 8595/8652 will mean Bullish Gates opening":-

As intraday consolidation patterns formations were seen last Friday therefore some up moves can not be ruled out in the beginning of next week 

As was told yesterday 100% same happened today and whole day up moves up moves were seen today.

Although flat to weak all Asian markets today morning but Indian markets completely out performed all Global markets and good recovery from lower levels after weak opening today.

Immediate resistances between 8575-8652 were also updated yesterday and Nifty closed within this range today,once its valid break out will mean fresh fast rally because next resistances are above 8800.

Last 10 sessions sideways trading between 8444-8595 and this range is broken out today amid weaker Global markets sentiments therefore expected that finally today started rally will remain continued above 8652 and without sustaining below 8652.

Valid break out of 8595/8652 will mean Bullish Gates opening

Technical Analysis,Research & Weekly Outlook

(Jul 25 to Jul 29,2016)

Nifty-EOD Chart (22-Jul-2016):-

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Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 beginning after bottom formation at 6825.80 on 29-02-2016
2- Wave-1(7992 on 28-04-2016)  
3- Wave-2(7678.35 on 06-05-2016)
4- Wave-i of Wave-3(8294.95 on 07-06-2016)
5- Wave-ii of Wave-3(7927.05 on 24-06-2016)
6- Wave-iii of Wave-3(recent top formation at 8594.80 on 15-07-2016) 
7- Last 10 sessions sideways trading between 8444-8595

Sideways corrections of whole Post-Budget Rally

Nifty-EOD Chart (22-Jul-2016):-

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Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 beginning after bottom formation at 6825.80 on 29-02-2016
2- Wave-1(7992 on 28-04-2016) 
3- Wave-2(7678.35 on 06-05-2016)
4- Wave-3 continuation with recent top formation at 8594.80 on 15-07-2016
5- Sideways corrections after every 2/3 sessions up moves
6- Last 10 sessions sideways trading between 8444-8595

Last 10 sessions Intra Day Chart Analysis

Nifty-Intra Day Chart (Jul 11 to Jul 22,2016):-

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Technical Patterns and Formations in last  10 Sessions intraday charts

1- Last 10 sessions sideways trading between 8444-8595 

Intra Day Chart Analysis(25-07-2016)

Nifty-Intra Day Chart (22-Jul-2016):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8490-8510
2- Intraday correction
3- Whole day actual trading between 8490-8548

Conclusions (After Putting All Studies Together)

Trends of Nifty are as follows:-

1- Long Term Trend is up. 
2- Intermediate Term Trend is up. 
3- Short Term Trend is sideways for the last 10 sessions between 8444-8595. 

Nifty gained 1769 points in Post Budget-2016/17 Rally from 29-02-2016 but without any deeper correction and all the corrections were seen through sideways trading. Now again Nifty is range bound between 8444-8595 for the last 10 sessions and finally sustaining it beyond will confirm deeper correction below 8444 and fresh rally beginning first indication above 8595. As immediate resistances are between 8575-8652 and Nifty faced resistance within it in previous weeks therefore next strong rally will be considered after sustaining above 8652. 

Rally is very much on and finally its continuation is expected also but Oscillators are overbought and started to show negative divergence also therefore correction is very much due which will get confirmation after sustaining below 8444. As it is the peculiar character of on going rally is of only sideways corrections and no deeper correction therefore firstly sustaining beyond 8444-8652 should be watched for next decisive big moves.

As intraday consolidation patterns formations were seen last Friday therefore some up moves can not be ruled out in the beginning of next week and firstly sustaining beyond 8595/8652 should be watched in next week.

Following topic with 8 months old Huge Inverse Head and Shoulders pattern formations was updated on 10-07-2016:-

8295/8398 Will Confirm Nifty Target at and above 9764.10

As last 10 sessions sideways trading above 8295/8398 between 8444-8595 therefore almost break out confirmation of Inverse Head and Shoulders's Neckline(8336.30) and once valid break out of 8595/8652 will mean 100% confirmation which will mean Bullish Gates opening for 9764.10 and above. 

Certainly view is Bullish and only it has to be decided that immediate rally above 8595/8652 or after some more sideways trading between 8444-8595.As some correction for consolidation below 8444 can not be ruled out because Oscillators are overbought therefore valid break out of 8444-8652 should be firstly watched for next decisive moves confirmations.