Firstly watch levels amid Short Term correction expectations

Intra Day Chart Analysis & Market Outlook

(01-01-2018)

Nifty-Intra Day Chart (29-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Whole day trading with Mixed Patterns formation between 10489-10538 
2- Whole day actual trading between 10489-10538

Conclusions from intra day chart analysis 

Following lines were told at 12:43 AM on 28-12-2017 in "Levels will confirm next Trend":-

1- More than 5 hours selling between 10532-10552
2- firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. 
3- As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for confirmations.

As good selling between 10532-10552 on 27-12-2017 therefore Nifty Could not move above 10552 and Mixed Patterns formation in both previous sessions also means same following view which was updated in previous outlook on 28-12-2017:-

Firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for that Short Term correction which may slip towards next supports between 10427-10458.

As busy therefore Stock Market Outlook of today(29-12-2017) is not being updated.

Levels will confirm next Trend

Intra Day Chart Analysis & Market Outlook

(28-12-2017)

Nifty-Intra Day Chart (27-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- More than 5 hours selling between 10532-10552
2- Sharp fall in last hours
3- Whole day actual trading between 10470-10552

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Finally on going rally continuation":-

1- finally on going rally continuation is expected
2- intraday volatility and Very Short term correction can not be ruled
3- until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.

Alrhough firstly rally continuation but more than 5 hours higher levels selling between 10532-10552 therefore sharp fall in last hours and closing near the lower levels of the day.

Last 2 sessions trading between 10470-10552 with good consolidation between 10478-10506 on 26-12-2017 and equally good selling between 10532-10552 on 27-12-2017 therefore firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. 

As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for confirmations.

Finally on going rally continuation

Intra Day Chart Analysis & Market Outlook

(27-12-2017)

Nifty-Intra Day Chart (26-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 10478-10506
2- Sharp up in last half hour
3- Whole day actual trading between 10478-10545

Conclusions from intra day chart analysis 

Following lines were told on 21-12-2017 in "Follow up consolidation will mean fresh rally above 10500":-

1- up moves are expected tomorrow
2- fresh rally above 10500 in the coming week

As was told 100% same happened and up moves were seen on 22-12-2017 and fresh rally above 10500 was also seen today.

As follow up consolidation last Friday and more than 5 hours between 10478-10506 today also therefore finally on going rally continuation is expected in the coming sessions. Very Short term indicators have turned over bought therefore intraday volatility and Very Short term correction can not be ruled but until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.

As I was out of station therefore Stock Market Outlook of today(26-12-2017) is not being updated.

Follow up consolidation will mean fresh rally above 10500

Intra Day Chart Analysis & Market Outlook

(22-12-2017)

Nifty-Intra Day Chart (21-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation Patterns formation between 10427-10458
3- Whole day actual trading between 10427-10473

Conclusions from intra day chart analysis 

Following lines were told on 19-12-2017 in "Rally after Very Short Term correction":-

1- view will remin Bullish
2- Very Short Term correction can not be ruled out in the coming sessions

Very Short Term correction was seen in both previous sessions and today closing also near the lower levels of the day but whole day today trading was with consolidation Patterns formation therefore up moves are expected tomorrow. As some selling between 10490-10485 on 20-12-2017 therefore follow up consolidation tomorrow will mean fresh rally above 10500 in the coming week.

As busy therefore Stock Market Outlook of today(21-12-2017) is not being updated.

Rally after Very Short Term correction

Intra Day Chart Analysis & Market Outlook

(20-12-2017)

Nifty-Intra Day Chart (19-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 10406-10429
2- Up moves in last hours
3- Whole day actual trading between 10406-10472

Conclusions from intra day chart analysis 

Firstly more than 4 hours consolidation between 10406-10429 and after that last hours up moves and closing near the lower levels of the day as well as no selling patterns formations today therefore view will remin Bullish. 

As Very Short indicators have turned overbought therefore Very Short Term correction can not be ruled out in the coming sessions but until Nifty will not sustain below today lowest after fresh selling till then decisive down moves will not be seen because good lower levels consolidation today.

As busy therefore Stock Market Outlook of today(19-12-2017) is not being updated.

Strong rally after BJP victory in Gujarat Election   

Intra Day Chart Analysis & Market Outlook

(18-12-2017)

Nifty-Intra Day Chart (15-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Whole day all the down moves in Bullish Falling Channels
2- Whole day actual trading between 10320-10373

Conclusions from intra day chart analysis 

Although huge gap up opening and closing near the lower levels of the day after continuous slipping but view will be Bullish because whole day all the down moves were in Bullish Falling Channels. 

As there may be some uncertainity due to Gujarat assembly election results therefore some volatility can not be ruled out in first 3 hours but expected that finally strong rally will be seen after BJP victory(more than 130 seats) in Election.

Strong rally after honouring given Levels

Intra Day Chart Analysis & Market Outlook

(15-12-2017)

Nifty-Intra Day Chart (14-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 10142-10186
2- Sharp up in last hour
3- Whole day actual trading between 10142-10276

Conclusions from intra day chart analysis 

Following lines were told in previous 2 sessions outlooks:-

The Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-

1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146

If finally Nifty sustains above today lowest(10169.85) tomorrow then strong rally will be seen in the next 2/3 sessions.

Nifty got support just below 61.8%(10146) at 10141.55 today and closed above yesterday lowest(10169.85) as well as strong rally was seen in last hour today. As market honoured above given levels therefore same following conclusive view which was updated yesterday in "Level will confirm strong rally":-

Strong rally will be seen in the next 2/3 sessions.

Level will confirm strong rally

Intra Day Chart Analysis & Market Outlook

(14-12-2017)

Nifty-Intra Day Chart (13-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10214-10245
2- Mixed Patterns formation between 10275-10296 
3- Mixed Patterns formation between 10170-10218 
4- Whole day actual trading between 10170-10296

Conclusions from intra day chart analysis 

As high intraday volatility with whole day Mixed Patterns formation therefore no conclusion can be formed only from today patterns formations. 

Following lines were told yesterday in "Firstly watch levels for today started correction completion" and being repeated for today conclusion also:-

he Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-

1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146

If finally Nifty sustains above today lowest(10169.85) tomorrow then strong rally will be seen in the next 2/3 sessions.

Firstly watch levels for today started correction completion

Intra Day Chart Analysis & Market Outlook

(13-12-2017)

Nifty-Intra Day Chart (12-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Selling between 10284-10300
2- Selling between 10256-10282
3- Whole day actual trading between 10231-10300

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Rally after follow up consolidation":-

1- Expected that rally will remain continued but
2- follow up consolidation is must 
3- Very Short Correction also can not be ruled out 

Very Short Correction was told and it was seen today and follow up consolidation could not develop as well as today closing was near the lower levels of the day after fresh selling. 

The Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-

1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146

Firstly above levels should be watched for today started correction completion.

Rally after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(12-12-2017)

Nifty-Intra Day Chart (11-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10309-10322
2- Consolidation between 10283-10301
3- Mixed Patterns formation between 10312-10329 
4- Whole day actual trading between 10283-10329

Conclusions from intra day chart analysis 

Rally is on and whole day positive zone today trading with lower levels consolidation but higher levels trading also with Mixed Patterns formation as well as following resistances above today highest therefore firstly Nifty has to consolidate for decisive up moves:- 

1- 10340-10364
2- 10383-10402
3- 10440-10482

Expected that rally will remain continued but follow up consolidation is must and Very Short Correction also can not be ruled out because Very Short Term indicators have also turned overbought and above resistances are also lying.

As I was out of station therefore Stock Market Outlook of today(11-12-2017) is not being updated.

Signals of correction completion

Intra Day Chart Analysis & Market Outlook

(08-12-2017)

Nifty-Intra Day Chart (07-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Whole day up moves with intraday corrections
2- Whole day actual trading between 10062-10182

Conclusions from intra day chart analysis

Following lines were told on 03-12-2017 in "Firstly watch next big psychological level for the life of on going correction":-

Correction is on and its continuation is expected towards 10014 but slipping below 10000 also can not be ruled out if consolidation also develops near about it as well as sustaining beyond next big psychological level(10000) should be firstly watched in next week for the life of on going correction.

Correction continuation towards 10014 was told and Nifty bounced back on 07-12-2017 after correction lowest formations at 10033.35 on 06-12-2017 as well as whole day up moves with intraday corrections after positive opening therefore signals of correction completion.

As Very Short Term indicators have turned overbought after strong intraday rally on 07-12-2017 therefore next 1/2 sessions may remain sideways for cooling down of sentiment and follow up consolidation as well as once sustaining above today highest will mean rally continuation above life time highest after Intermediate Term correction completion.

Next levels will confirm next trend 

Intra Day Chart Analysis & Market Outlook

(07-12-2017)

Nifty-Intra Day Chart (06-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Selling between 100084-10104
2- Selling between 100052-10072
3- Whole day actual trading between 100034-10104

Conclusions from intra day chart analysis 

As crashing like situation in most Asian markets therefore weaker opening was seen in Indian markets and intraday selling also developed resultant closing near the lower levels of the day.

Only selling and no consolidation therefore following same view qhich was updated on 03-12-2017 in "Firstly watch next big psychological level for the life of on going correction":-

Correction is on and its continuation is expected towards 10014 but slipping below 10000 also can not be ruled out if consolidation also develops near about it as well as sustaining beyond next big psychological level(10000) should be firstly watched in next week for the life of on going correction.

Pre-open Outlook(06-12-2017)

Although good intraday consolidation yesterday but crashing like situation in most Asian markets therefore weaker opening will be seen in Indian markets. As more than 3 hours consolidation between 10070-10095 yesterday therefore this range will be immediate support of Nifty and firstly valid break out yesterday lowest should be watched today for the life of on going correction.

Firstly watch level for the life of on going correction

Intra Day Chart Analysis & Market Outlook

(06-12-2017)

Nifty-Intra Day Chart (05-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 10070-10095
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 10070-10147

Conclusions from intra day chart analysis 

As firstly lower levels consolidation and last hour down moves in Bullish Falling Channel after Mid sessions up moves therefore today trading will be understood with consolidation patterns formations and emergence of a Pull Back rally possibility as well as firstly valid break out today lowest should be watched in the coming sessions for the life of on going correction.

Correction Continuation

Intra Day Chart Analysis & Market Outlook

(05-12-2017)

Nifty-Intra Day Chart (04-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Selling between 10143-10163
2- Selling between 10123-10141
3- Whole day actual trading between 10096-10163

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Firstly watch next big psychological level for the life of on going correction":-

1- Bullish Falling Wedge formations in last Hour is indicating some up moves in the beginning of next week 
2- but will not be able to sustain above day's highest(10269) because good selling between 10205-10269 last Friday.

As was told 100% same happened and Nifty traded most of the time in positive zone and closed also in Green as well as could not move even above 10205.

As sufficiently good selling today therefore expected that Nifty will slip below today lowest(10095.70) and Correction continuation will remain continued towards 10014. 

Firstly watch next big psychological level for the life of on going correction

Intra Day Chart Analysis & Market Outlook

(04-12-2017)

Nifty-Intra Day Chart (01-Dec-2017):-

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Technical Patterns formation in today intraday charts

1- Selling between 10236-10269
2- Selling between 10205-10232
3- Bullish Falling Wedge formations in last Hour
4- Whole day actual trading between 10109-10269

Conclusions from intra day chart analysis 

As correction is on therefore firstly selling after Green opening and follow up selling also during Mid Session resultant whole day slipping and closing near the lower levels of the day. Bullish Falling Wedge formations in last Hour is indicating some up moves in the beginning of next week but will not be able to sustain above day's highest(10269) because good selling between 10205-10269 last Friday.

Correction is on and its continuation is expected towards 10014 but slipping below 10000 also can not be ruled out if consolidation also develops near about it as well as sustaining beyond next big psychological level(10000) should be firstly watched in next week for the life of on going correction.

As busy therefore Stock Market Outlook of today(01-12-2017) is not being updated.

Today started correction continuation towards and below next supports 

Intra Day Chart Analysis & Market Outlook

(30-11-2017)

Nifty-Intra Day Chart (29-Nov-2017):-

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Technical Patterns formation in today intraday charts

1- Selling between 10372-10392
2- Whole day actual trading between 10346-10392

Conclusions from intra day chart analysis 

Selling was seen yesterday and follow up selling was seen today also therefore same following view which was updated yesterday in "Down Moves towards next supports":-

down moves are expected towards following next supports:-

1- 10310-10338
2- 10268-10282

As follow up selling today therefore today started correction continuation will be seen towards and below above mentioned supports.

Down Moves towards next supports

Intra Day Chart Analysis & Market Outlook

(29-11-2017)

Nifty-Intra Day Chart (28-Nov-2017):-

Technical Patterns formation in today intraday charts

1- Selling between 10388-10409
2- Sharp fall
3- Last hours selling Patterns formation between 10356-10377
4- Whole day actual trading between 10356-10409

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Rally continuation after follow up consolidation":-

rally continuation is expected but follow up consolidation is must

As all the Asian markets were weak therefore firstly weaker opening and fresh selling was seen in place of follow up consolidation resultant sharp fall during Mid session. In last hours selling Patterns formation therefore down moves are expected towards following next supports:-

1- 10310-10338
2- 10268-10282

Rally continuation after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(28-11-2017)

Nifty-Intra Day Chart (27-Nov-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Up moves were intraday corrections
3- Whole day actual trading between 10341-10407

Conclusions from intra day chart analysis 

Sentiment was much depressed today morning due to following negative developments:-

1- All the Asian markets were trading in Red and some were more 0.75% down.
2- SGX Nifty was more than 40 points weak
3- Negative news of S&P keeping India rating unchanged. 

When above dampening developments was today morning then we told following lines today at 08:04 AM in "Firstly Watch Levels after negative developments today morning":-

1- firstly sustaining beyond 10377 should be watched in the coming sessions 
2-  view will be cautious not Bearish

As good intraday consolidation today therefore today started rally continuation is expected but follow up consolidation is must because following resistances above today highest and Vert Short Term indicators have turned overbought after strong recovery from lower levels today.

1- 10428-10454
2- 10465-10483(Last resistance)

Firstly Watch Levels after negative developments today morning

Pre-open Outlook(27-11-2017)

As all the Asian markets are trading in Red today morning and S&P keeps India rating unchanged as well as this decision came after the closure of Indian markets trading hours last Friday therefore Indian markets will react these 2 negative developments through negative opening. 

Nifty traded first 4 sessions of previous week between 10232-10377 and this range was broken out last Friday but weaker opening will be seen today due to above mentioned negative developments therefore firstly sustaining beyond 10377 should be watched in the coming sessions because good intraday consolidation last Friday and view will be cautious not Bearish.

Follow up consolidation will mean fresh rally above life time highest 

Intra Day Chart Analysis & Market Outlook

(27-11-2017)

Nifty-Intra Day Chart (24-Nov-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 10377-10393
2- Last hours Down moves in Bullish Falling Channel
3- Whole day actual trading between 10363-10404

Conclusions from intra day chart analysis 

Following conclusive lines were told on 19-11-2017 in "Next trend confirmations from levels":-

Expected that Nifty will firstly prepare for next trend between 10232-10377 in the coming week and finally sustaining beyond this range will confirm the life of on going correcttion which should be watched for next trend confirmations. 

Nifty traded first 4 sessions between 10232-10377 and finally closed above it after whole day good intraday consolidation on 24-11-2017 therefore strong signals of rally continuation towards following next resistances:-

1- 10428-10454
2- 10465-10483(Last resistance)

As above resistances therefore follow up consolidation in the beginning of next week will mean rally continuation towards and above life time highest(10490.45) and it is expected also. 

Watch Levels for next big moves

Intra Day Chart Analysis & Market Outlook

(24-11-2017)

Nifty-Intra Day Chart (23-Nov-2017):-

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Technical Patterns formation in today intraday charts

1- Up moves with intraday correction
2- Up moves in Bearish Rising Channel
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 10308-10374

Conclusions from intra day chart analysis 

As whole day volatile market with both consolidation and selling patterns formations therefore no final view can be formed only from today intraday patterns formations. Most time selling patterns formations yesterday and most time consolidation patterns formation today means that no one sided technical positions formations in last 2 sessions.

Following conclusive lines were told on 19-11-2017 in "Next trend confirmations from levels":-

Expected that Nifty will firstly prepare for next trend between 10232-10377 in the coming week and finally sustaining beyond this range will confirm the life of on going correcttion which should be watched for next trend confirmations. 

Above lines and levels were repeated in all the previous Outlooks of this week and Nifty traded within 10232-10377 which means that Nifty is preparing for next big moves and finally sustaining beyond this range should be watched in the coming sessions.

Mid-session Outlook(23-11-2017)

As whole day selling patterns formations therefore firstly down moves expectations was told and it was seen also through negative zone trading in first 15 minutes but follow up selling is not being seen and some consolidation patterns formations also developed today therefore finally sustaining beyond 10262-10377 should be watched for next trend confirmations because strong supports and equally strong resistances are lying within this range.

Down Moves expectations

Intra Day Chart Analysis & Market Outlook

(23-11-2017)

Nifty-Intra Day Chart (22-Nov-2017):-

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Technical Patterns formation in today intraday charts

1- Sharp down after positive opening
1- Up moves in Bearish Rising Channel
3- Whole day actual trading between 10310-10368

Conclusions from intra day chart analysis 

Although Green closing after most time positive zone trading but whole day selling patterns formations therefore firstly down moves are expected and finally sustaining below 10262 will mean deeper correcttion. 

Levels will confirm next trend and life of on going correction

Intra Day Chart Analysis & Market Outlook

(22-11-2017)

Nifty-Intra Day Chart (21-Nov-2017):-

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Technical Patterns formation in today intraday charts

1- Selling between 10344-10358
2- Whole day actual trading between 10316-10358

Conclusions from intra day chart analysis 

As all the Asian markets were trading with good gains therefore firstly strong opening and green closing after whole day positive zone trading but higher levels good selling therefore fast down in last hour and closing near the lower levels of the dayT 10326.90.

Following lines were told yesterday in "Levels will confirm life of on going correction":-

As strong supports and equally strong resistances are lying between 10262-10377 therefore firstly Nifty has to trade and prepare for next trend within this range in the coming sessions and finally sustaining beyond this range will confirm next trend as well as life of on going correction. 

Same above mentioned view for tomorrow because today whole day trading and closing was within mentioned trading range(10262-10377) and lower levels supports  are still lying after higher levels today selling.

Levels will confirm life of on going correction

Intra Day Chart Analysis & Market Outlook

(21-11-2017)

Nifty-Intra Day Chart (20-Nov-2017):-

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Technical Patterns formation in today intraday charts

1- 5 Hours consolidation between 10264-10290
2- Whole day actual trading between 10262-10309

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Next trend confirmations from levels":-

1- Selling between 10310-10343
2- Previous resistances were between 10346-10377 
3- Nifty will firstly prepare for next trend between 10232-10377 in the coming week 

Selling was told above 10310 and Nifty could not move above it as well as whole day traded below it with today highest formations just below it at 10309.85. 

Although next strong resistances are between 10310-10343 but 5 hours consolidation between 10264-10290 therefore this range will be immediate strong support and until complete fresh selling will not develop till then Nifty will not easily sustain below 10264 

As strong supports and equally strong resistances are lying between 10262-10377 therefore firstly Nifty has to trade and prepare for next trend within this range in the coming sessions and finally sustaining beyond this range will confirm next trend as well as life of on going correction. 

Next trend confirmations from levels

Intra Day Chart Analysis & Market Outlook

(20-11-2017)

Nifty-Intra Day Chart (17-Nov-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10310-10343
2- Down moves in last hours
3- Whole day actual trading between 10269-10343

Conclusions from intra day chart analysis 

India's highest credit rating in decades and most Asian markets were trading with good gains therefore strong gap up opening last Friday but firstly more than 4 hours selling resultant slipping in last hours and closing near the lower levels of the day. 

Previous resistances were between 10346-10377 and good selling was seen just below it between 10310-10343 last Friday therefore until Nifty will not sustain above 10377 after complete fresh consolidation till then decisive up moves will not be seen and on going correction will not be considered. 

Expected that Nifty will firstly prepare for next trend between 10232-10377 in the coming week and finally sustaining beyond this range will confirm the life of on going correcttion which should be watched for next trend confirmations. 

As I shall be out of station in next week therefore Stock Market Outlook updating will be restarted from 
20-11-2017.

Firstly Watch levels for on going correction continuation/completion

Intra Day Chart Analysis & Market Outlook

(10-11-2017)

Nifty-Intra Day Chart (09-Nov-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Up moves with intraday corrections
3- Whole day actual trading between 10267-10368

Conclusions from intra day chart analysis 

Although strong opening but first 4 hours Down moves in Bullish Falling Channel and after that last 2 hours up moves with intraday corrections therefore today whole day trading will be understood with consolidation patterns formations which means emergence of Pull Back rally expectations.

As sharp fall in US and European markets therefore SGX Nifty is now trading more than 50 points down and if such weakness develops in Asian markets also tomorrow morning then weaker opening will be seen in Indian markets but until complete fresh selling will not develop till then Nifty will not sustain below today lowest and firstly sustaining below today lowest should be watched tomorrow for on going correction continuation/completion.

Watch levels for next decisive moves confirmations

 Intra Day Chart Analysis & Market 

Outlook(09-11-2017)

Nifty-Intra Day Chart (08-Nov-2017):-

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Technical Patterns formation in today intraday charts

1- Selling between 10358-10384
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Consolidation between 10286-10308
5- Whole day actual trading between 10286-10384

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Correction continuation":-

1- higher levels good selling therefore today started correction continuation will be considered 
2- minor Pull Back Rally above today lowest can not be ruled out

As was told 100% same happened and firstly Nifty traded more than 4 hours above yesterday lowest and finally closed 47 points down today.

As whole day today trading was with both consolidation and selling patterns formations therefore Nifty will firstly trade and prepare for next decisive moves within and near about today trading range(10286-10384) and finally sustaining beyond today trading should be watched for next decisive moves confirmations.

Correction continuation

Intra Day Chart Analysis & Market 

Outlook(08-11-2017)

Nifty-Intra Day Chart (07-Nov-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Higher levels selling
2- Selling between 10397-10443
3- Double bottom supports at lower levels
4- Whole day actual trading between 10340-10485

Conclusions from intra day chart analysis 

Although new life tile high formations but intraday charts were showing selling patterns also therefore we were cautious and updated levels(10413-10461 ) for next big moves confirmations in all the 3 previous outlook and Nifty slipped much below 10413 at 10350.15 today.  

As higher levels good selling therefore today started correction continuation will be considered but minor Pull Back Rally above today lowest can not be ruled out because last hour trading with Double bottom supports at lower levels and very short term indicators indicators have turned oversold after whole day down moves today.

As out of station therefore Stock Market Outlook of today(07-11-2017) is not being updated.

Firstly watch levels for next big moves confirmations

Intra Day Chart Analysis & Market 

Outlook(06-11-2017)

Nifty-Intra Day Chart (03-Nov-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Sharp fall after positive opening
2- Up moves in Bearish Rising Channel
3- 5 Hours trading with Mixed Patterns formation between 10433-10461 
4- Whole day actual trading between 10403-10461

Conclusions from intra day chart analysis 

Although closing near the higher levels of the day last Friday but complete consolidation was not seen and some selling also developed therefore view will be cautious. As last 5 hours trading with Mixed Patterns formation between 10433-10461 therefore firstly Nifty has to prepare for next decisive moves beyond this range  

Following lines were told on 02-11-2017 in "Intra Day Chart Analysis & Market Outlook(03-11-2017)":-

Nifty traded more than 12 hours between 10413-10451 in last 2 sessions and finally valid break out of this range will confirm Short Term correction below 10413 and on going rally continuation above 10451.

Nifty closed just above 10451 at 10452.50 last Friday and traded with Mixed Patterns formation more than 18 hours between 10413-10461 in last 3 sessions therefore firstly Nifty has to prepare for next decisive moves within and near about this trading range and finally sustaining beyond this range will generate next big moves which should be firstly watched for confirmations.

Intra Day Chart Analysis & Market 
Outlook(03-11-2017)

Nifty-Intra Day Chart (02-Nov-2017):-

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10434-10451
2- Down moves in Bullish Falling Channel
3- Selling between 10429-10444
4- Whole day actual trading between 10413-10451

Conclusions from intra day chart analysis 

As both consolidation and selling patterns formations today therefore whole day trading will be understood with Mixed Patterns formations and firstly Nifty has to prepare for next decisive moves within 10413-10451. Nifty traded more than 12 hours between 10413-10451 in last 2 sessions and finally valid break out of this range will confirm Short Term correction below 10413 and on going rally continuation above 10451. 

As busy therefore Stock Market Outlook of today(02-11-2017) is not being updated.

Just watch levels also amid fresh rally beginning possibiilities

Intra Day Chart Analysis & Market Outlook

(01-11-2017)

Nifty-Intra Day Chart (31-Oct-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Up moves with intraday corrections
3- Volatility in last hour
4- Whole day actual trading between 10324-10367

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Short Term correction beginning confirmation from levels":-

emergence of Short Term correction possibilities and its beginning confirmation will be sustaining below 10339 which should be firstly watched tomorrow.

Emergence of Short Term correction possibilities was told yesterday and today Red closing was seen just below 10339 at 10335.30 after whole day negative zone trading.

As follow up selling was not seen and consolidation also developed through Down moves in Bullish Falling Channel and Up moves with intraday corrections today therefore signals of some up moves above today highest(10367.70) in the coming sessions.

Last 3 sessions trading near life time higher levels between 10312-10384 with both consolidation and selling therefore its valid break out should be firstly watched in the coming sessions amid fresh rally beginning possibiilities above life time highest because good intraday consolidation today.