Firstly Watch next Supports after Indian surgical strike on POK 

Market Outlook(30-09-2016)

As trading after 12 PM on 30-09-2016 was the reaction of Indian surgical strike on POK and not on technicals therefore intraday charts analysis is not being updated and next supports between 8476-8580 are being posted which should be firstly watched in the coming sessions for on going correction continuation/completion because supports within this range are multiple and strong.

Rally continuation towards next Resistances

Intra Day Chart Analysis & Market Outlook

(29-09-2016)

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

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Technical Patterns and Formations in today intraday charts

1- Up moves with intraday corrections
2- Whole day actual trading between 8704-8767

Conclusions from intra day chart analysis 

Although all the Asian markets were trading in Red but firstly flat opening of Indian markets and whole day up moves with intraday corrections and today closing above mentioned supports range(8695-8736) therefore rally continuation is expected towards next resistances( 8854-8902). 

Intra Day Chart Analysis & Market 
Outlook(28-09-2016)

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

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Technical Patterns and Formations in today intraday charts

1- 5 Hours trading with Mixed Patterns formations between 8726-8760
2- Down moves in last hour after sharp down of European markets and Dow's Futures 
3- Whole day actual trading between 8691-8760

Conclusions from intra day chart analysis 

As firstly trading with Mixed Patterns formations therefore down moves in last hours after sharp down of European markets and Dow's Futures but getting supports just below next supports range(8695-8736) and some recovery from lower levels in last minutes.

As more than 5 hours no clear pattern formations therefore Nifty has to prepare for next decisive moves but fresh selling in the coming trading session will mean sharp 100 points fall because next support are between 8476-8580. Day's closing is within supports range(8695-8736) at 8706.40 and firstly its valid break out should be watched for first signal of correction completion above 8736 or sharp fall below 8695.

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

Firstly Watch Immediate Supports for First Indication

Technical Analysis,Research & Weekly Outlook

(Sep 26 to Sep 30,2016)

Previous 16 Sessions intraday charts analysis

Nifty-Intra Day Chart (Aug 31 to Sep 23,2016):-

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Technical Patterns and Formations in last 18 Sessions intraday charts

1- Hiigher levels selling and lower levels buying in last 16 sessions
2- 16 Sessions actual trading between 8689-8969 

Conclusions from 16 Sessions intra day chart analysis 

As last 16 Sessions sideways trading between 8689-8969 with higher levels selling and lower levels buying therefore firstly Nifty has to trade and prepare for next decisive moves beyond this range in the beginning of coming week and valid break of this range will confirm length of on going correction.

Intra Day Chart Analysis(23-09-2016)

Nifty-Intra Day Chart (23-Sep-2016):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8854-8873
2- Whole day actual trading between 8821-8873

Conclusions from intra day chart analysis 

As nervousness due to conflict possibility on Pakistan border and selling developed immediate after opening between 8821-8873 as well as closing near the lower levels of the day therefore this range will be immediate resistance of Nifty. Until Nifty will not sustain above 8873 after complete fresh consolidation till then decisive up moves will not be seen and some more down moves can not be ruled out in the beginning of next week. 

Conclusions (After Putting All Studies Together)

EOD chart analysis of Nifty was updated in previous weekly analysis in "Firstly Watch Immediate Supports for the Life and Length of on going correction" and not being updated today because no material change in its structure in previous week.

Next resistances of Nifty are as follows:-

1- 8854-8873
2- 8874-8902
3- 8935-8956

Next supports of Nifty are as follows:-

1- 8761-8781
2- 8695-8736
3- 8476-8580(Multiple and strong supports)

Post Budget 1916-1917 rally is having character of fresh moves after consolidation within sideways market without any deeper correction and again previous 16 Sessions sideways trading between 8689-8969 with higher levels selling and lower levels buying therefore firstly valid break of this range should be watched because on going correction completion possibility within this range can not be ruled out. As sufficiently strong supports and resistances within this range therefore firstly Nifty has to prepare for next decisive moves between 8689-8969 which will be done in next week and finally this range will confirm the life,length and depth of on going correction.

Fresh selling last Friday and no consolidation yet after that therefore some more down moves are expected towards immediate supports(8761-8781) which will give first indication regarding the length of on going correction and should be firstly watched in the beginning of next week.