Firstly Sideways Market for next 
Trend Preparations 

Intra Day Chart Analysis & Market Outlook

(25-11-2016)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 7977-8004
2- Volatility in last 2 hours between 7953-8024 
3- Whole day actual trading between 7953-8024

Conclusions from intra day chart analysis 

As most Asian markets were trading in Red therefore weak opening and some selling also but high volatility in last 2 hours due to derivative expiry today therefore any conclusion can not be drawn only from today intraday charts formations. 

As technical positions reverses during today like high volatility and higher levels selling,lower levels buying in last 4 sessions between 7917-8063 therefore Nifty will have to trade and prepare for next decisive moves within this range. Expected that Nifty will remain sideways between mentioned range in the coming 1/2 sessions and its valid break out will confirm next trend beginning which should be watched for confirmations.

Emergence of Pull Back Rally beginning Expectations

Intra Day Chart Analysis & Market Outlook

(24-11-2016)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 7974-7999
2- Consolidation between 8001-8020
3- Selling patterns formation between 8038-8055
4- Whole day actual trading between 7974-8055

Conclusions from intra day chart analysis 

As follow up consolidation today after lower levels consolidation yesterday therefore emergence of Pull Back Rally beginning expectations but some more consolidation is firstly required tomorrow for sustaining above today highest because minor selling at higher levels of the day today.

7917-8063 will Confirm Next Decisive Moves  Beginning

Intra Day Chart Analysis & Market Outlook

(23-11-2016)

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

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Technical Patterns and Formations in today intraday charts

1- More than 5 hours consolidation between 7939-7983
2- Whole day actual trading between 7939-8019

Conclusions from intra day chart analysis 

As 4 hours trading with Mixed Patterns between 7928-7984 yesterday and fresh consolidation was firstly required for decisive up moves above it therefore Nifty traded more than 5 hours within this range between 7939-7983 and moved up after some consolidation within this range today. Although today closing near the higher levels of the day but Recovery from lower levels was after strong opening of European markets and Indian markets under performed all the Asian markets and Dow's Futures also therefore sustaining above day's highest(8019) is must for the confirmation of Pull Back Rally beginning.

Expected that Nifty will firstly trade and prepare for next decisive moves between 7917-8063 and valid break out of this range will confirm its beginning.

Firstly Watch Next Supports after Breaking Down Confirmation of 
Long Term Trend

Intra Day Chart Analysis & Market Outlook

(22-11-2016)

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

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Technical Patterns and Formations in today intraday charts

1- 4 hours trading with Mixed Patterns between 7928-7984
3- Whole day actual trading between 7917-8102

Conclusions from intra day chart analysis 

Although positive opening but slipping 61 points in first 7 minutes as well as 150 points continuous down moves till 11:00 AM because pressures on all assets classes and Stock Markets due to demonetisation of Rs 1000 and Rs 500 notes. Although all the Global markets moved up after Trump victory huge fall but Indian markets are continuously falling which may be due sudden high imbalance in the cash of big operators due to demonetisation.

May be any reason but correction is on and no confirmation of its completion yet. As slipped below the bottom of  Wave-ii of Wave-3(7927.05) therefore waves will have to be recounted and Fibonacci Retracement levels of  post Budget Rally(6826-8968) are as follows:-

1- 13.0%- 8689(Corrected)
2- 23.6%- 8462(Corrected)
3- 27.0%- 8389(Corrected)
4- 38.2%- 8149(Corrected)(Crucial)
5- 50.0%- 7897(Crucial)
6- 61.8%- 7644(Crucial)
7- 70.7%- 7453
8- 76.4%- 7331
9- 78.6%- 7284 
10-88.6%- 7070 

As 4 hours trading with Mixed Patterns between 7928-7984 near the lower levels of the day amid correction continuation therefore once slipping below today lowest(7917) will mean correction continuation towards following supports:-

1- 7690-7795(Multiple supports)
2- 7525-7595

Although long term impact of demonetisation will be highly positive for Indian economy and country growth but big jolt for big players and let all the things settle till then wait for bottom formation confirmations during on going correction and firstly watch above mentioned supports after breaking down confirmation of Long Term Trend decider 200 Day SMA(8140) today. 

Firstly Watch 8003 amid Fresh and Decisive Up Moves Expectations

Technical Analysis,Research & Weekly Outlook

(Nov 21 to Nov 25,2016)

Nifty-EOD Chart (18-Nov-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(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 completion at 8968.70 on 07-09-2016 and corrective Wave-A beginning 
7- Wave-A(8506.20 on 17-10-2016)
8- Wave-B(8737.00 on 24-10-2016)
9- Corrective Wave-B continuation with recent bottom formation at 8002.30 on 09-11-2016

Intra Day Chart Analysis(18-11-2016)

Nifty-Intra Day Chart (18-Nov-2016):-

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Technical Patterns and Formations in today intraday charts

1- Up moves with intraday corrections
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 8049-8128

Conclusions from intra day chart analysis 

Although closing near the lower levels of the day after last 2 hours down moves but view will not be Bearish because intraday selling patterns were not seen and on the contrary consolidation developed through up moves with intraday corrections and last hours down moves in Bullish Falling Channel after slipping of all European markets.As consolidation was seen in last 3 sessions between 8049-8236 therefore it will be understood that Indian markets are in consolidation process and hopes are alive that finally rally will remain continued after on going correction completion within and near about 8049-8236.

Conclusions (After Putting All Studies Together)

Trends of Nifty are as follows:-

1- Long Term Trend is down.
2- Intermediate Term Trend is down.
3- Short Term Trend is at stake which will be down after confirmation of sustaining below its decider 200 Day SMA(8137).

Fibonacci Retracement levels of  Wave-iii of Wave-3(7927-8968) are as follows:-

1- 13.0%- 8832(Corrected)
2- 23.6%- 8722(Corrected)
3- 27.0%- 8686(Corrected)
4- 38.2%- 8570(Crucial)(Corrected)
5- 50.0%- 8447(Crucial)(Corrected)
6- 61.8%- 8324(Crucial)(Corrected)
7- 70.7%- 8232(Corrected)
8- 76.4%- 8172(Corrected)
9- 78.6%- 8149(Corrected) 
10-88.6%- 8045(Corrected)

Wave-iii of Wave-3 completion at 8968.70 on 07-09-2016 and its corrective Wave-C continuation 
with recent bottom formations at 8002.30 as well as no confirmation of its completion yet. Following to retracement levels have been completed till now:-

1- Nifty has retraced 88.6% which is the last level of Fibonacci Retracement levels
2- Wave-C has corrected 161.8% of Wave-A

Last 7 sessions were highly volatile due to Donald Trump victory and Banning of Rs 500 and Rs 1000 notes therefore sudden deep correction and high volatility in last 7 sessions. Although most Global markets recovered after post US Presidential sharp fall but Indian markets are continuously moving down for the last 5 sessions. 

As intraday charts of last 4 sessions are showing consolidation patterns formations therefore it seems that  Indian markets have moved into consolidation process and will prepare for next decisive up moves between  8003-8236. As 88.6% retracement has been completed and Wave-C has corrected 161.8% of Wave-A therefore expected that finally fresh and decisive up moves will be seen within next 2/3 sessions after follow up consolidation in the beginning of next week. As no confirmation of correction completion yet therefore firstly sustaining beyond 8003 should be watched in next week for next trend confirmations