Pre-open Outlook(28-10-2016)

As heavy firing on Indo-Pak border and Pakistan has fired on 20 posts yesterday night, resultant sentiment is depressed today morning therefore weaker opening will be seen today and Nifty will firstly trade within yesterday trading range(8551-8624). Good consolidation yesterday therefore until fresh selling will not develop till then Nifty will not slip below yesterday lowest and valid break out of yesterday trading range should be firstly watched today for next Very Short Term Trend confirmations. 

Very Short Term up Moves Expectations

Intra Day Chart Analysis & Market Outlook

(28-10-2016)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Firstly Down moves in Bullish Falling Channel
2- Up moves with intraday corrections
3- Whole day actual trading between 8551-8624

Conclusions from intra day chart analysis 

Firstly Down moves but in Bullish Falling Channel after weak opening therefore last 3 hours up moves. As intraday corrections were also seen in last hours up moves therefore Very Short Term up moves are firstly expected in the coming 1/2 sessions.

Cautiously Bearish View

Intra Day Chart Analysis & Market Outlook

(27-10-2016)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- 5 Hours sideways trading with Mixed Patterns between 8618-8648 
2- Last hour some down moves on the back of sharp down in European markets and Dow's Futures
3- Whole day actual trading between 8597-8648

Conclusions from intra day chart analysis 

Slipping 60 points in first minute after gap down opening and after that 5 hours sideways trading with Mixed Patterns formations between 8597-8648 and last hour some down moves on the back of sharp down in European markets and Dow's Futures therefore view will be cautiously Bearish because both intraday selling and consolidation patterns were seen in first 5 hours today.

Correction is on and Short Term Trend is sideways between 8507-8728 for the last 12 Sessions. As clear selling patterns formation yesterday and some selling was also seen today therefore possibility of more down down moves towards 8507 can not be ruled out tomorrow but follow up selling and valid break down of today lowest(8597) is also firstly required for fresh and decisive down moves.

Signals of Down Moves Beginning

Intra Day Chart Analysis & Market Outlook

(26-10-2016)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Sharp down immediately after positive opening
2- Support between 8664-8678
3- Selling patterns formation in last 4 hours between 8682-8700
4- Whole day actual trading between 8664-8716

Conclusions from intra day chart analysis 

Firstly sharp down immediately after positive opening and lower levels some supports also but clear selling patterns formation in last 4 hours therefore signals of some down moves below Day's lowest(8664). As some supports at lower levels of the day therefore fresh follow up selling tomorrow will mean decisive down moves towards and below 8477.

Intra Day Chart Analysis & Market Outlook(25-10-2016)

Nifty-Intra Day Chart (24-Oct-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- First 3 hours sideways trading with Mixed Patterns between 8691-8707
2- Up moves after strong opening of European markets
3- Loosing European markets led all gains in last 2 hours
4- Whole day actual trading between 8685-8736

Conclusions from intra day chart analysis 

Although first 3 hours sideways trading with Mixed Patterns formations but up moves after strong opening of European markets and not sustaining at higher levels also despite no weakness in European markets and Dow's Futures. Only intraday volatility and as such no one sided intraday patterns formations today as well as closing within last 9 Sessions trading range(8507-8728) therefore still Nifty will be understood sideways and finally sustaining beyond this range will give next decisive moves confirmations.

Sideways Trends requires Confirmations from Break Out of Trading Ranges

Technical Analysis,Research & Weekly Outlook

(Oct 24 to Oct 28,2016)

Nifty-EOD Chart (21-Oct-2016):-

Just click on chart for its enlarged view

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(7777.6 on 31-03-2016) 
3- Wave-2(7516.90 on 11-04-2016)
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(8968.70 on 07-09-2016)
7- Corrective Wave-iv of Wave-3 continuation with recent bottom formation at 8506.20 on 17-10-2016

Intra Day Chart Analysis(21-10-2016)

Nifty-Intra Day Chart (21-Oct-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Up moves in Bearish Rising Channels
3- Whole day actual trading between 8653-8700

Conclusions from intra day chart analysis 

As first 2 hours Down moves in Bullish Falling Channel therefore remaining whole day up moves were seen but not with consolidation patterns formations and Up moves were in Bearish Rising Channels also therefore view will not be Bullish despite closing near the higher levels of the day. Until Nifty will not sustain above day's highest and next resistance highest(8728) after complete follow up consolidation till then decisive up moves will not be seen. 

Conclusions (After Putting All Studies Together)

Following lines were told on 19-10-2016 in "Finally Correction Continuation/Completion Confirmation from 8637-8728 ":-

finally sustaining beyond 8637-8728 will be confirmation of that correction continuation/completion which started on 07-09-2016 from 8968.70.

Following lines were told on 18-10-2016 in "Correction Completion Confirmation will be above 8728 after Strong Global cues led Today Rally ":-

firstly sustaining above 8654 and crossing of next resistance range(8698-8728) is must for the confirmation of that correction completion which started on 07-09-2016 from 8968.70.

Next trend confirmation through next resistance range 8698-8728 was updated in both previous Outlooks from  18-10-2016 and Nifty retraced from 8727 on 20-10-2016 as well as traded between 8637-8727 in last 3 sessions. 

Trends of Nifty are as follows:-

1- Long Term Trend is up.
2- Intermediate Term Trend is sideways between 8477-8968 for the last 69 Sessions.
3- Short Term Trend is sideways between 8507-8728 for the last 9 Sessions.

Although Long Term Trend is up but both Intermediate and Short Term Trends are sideways therefore next trend final confirmation will be sustaining beyond above mentioned both sideways trading ranges Expected that Nifty will firstly trade and prepare for next trends within and near about 8507-8728 in the coming 1/2 sessions,its valid break out will be first indication and finally sustaining beyond 8477-8968 will be next trend and big moves confirmations.