Rally Continuation amid US Markets weakness led High Volatility 

Intra Day Chart Analysis & Market Outlook

(13-01-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8383-8398
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 8383-8417

Conclusions from intra day chart analysis 

As whole good inraday consolidation therefore rally continuation is expected but high volatility can not be ruled out tomorrow because US markets are in crashing like situation and Dow Jones slipped more than 160 points within first hour of today trading due to President Donald Trump led negative news.

Although some down moves can not be ruled out amid US markets led weakness but expected that finally Nifty will move up after fresh consolidation between 8323-8417.

Rally continuation after very Short Term Correction completion

Intra Day Chart Analysis & Market Outlook

(12-01-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8332-8346
2- Up moves in Bearish Rising Channel between 8364-8389
3- Whole day actual trading between 8323-8389

Conclusions from intra day chart analysis 

Firstly up moves after gap up opening and after that consolidation also but Up moves in Bearish Rising Channel between 8364-8389 last 2 hours therefore follow up consolidation is firstly required for decisive up moves above 8400. 

Expected that Nifty will firstly trade and prepare for next decisive moves  within and near about 8364-8389 but high possibility of rally continuation above 8400 after very Short Term correction completion within today trading range(8323-8389)

Rally Continuation

Intra Day Chart Analysis & Market Outlook

(11-01-2017)

Nifty-Intra Day Chart (10-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8261-8271
2- Consolidation between 8272-8282
3- Whole day actual trading between 8261-8293

Conclusions from intra day chart analysis 

Following conclusive lines were told yesterday in "Finally Rally after Follow up Consolidation":-

1- Although today closing with minor losses but whole day consolidation was seen through Down moves in Bullish Falling Channels therefore it seems that Indian markets are in consolidation phase because good consolidation was seen last Friday also.

2- As consolidation is on therefore expected that finally rally will be seen above the top(8306) of on going rally after follow up consolidation in the coming 2/3 sessions.

As follow up consolidation was seen today and  Indian markets are in consolidation phase therefore same Bullish view which has already been updated as above yesterday.

Finally Rally after Follow up Consolidation

Intra Day Chart Analysis & Market Outlook

(10-01-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Whole day Down moves in Bullish Falling Channels
2- Whole day actual trading between 8228-8263

Conclusions from intra day chart analysis 

Although today closing with minor losses but whole day consolidation was seen through Down moves in Bullish Falling Channels therefore it seems that Indian markets are in consolidation phase because good consolidation was seen last Friday also.

As consolidation is on therefore expected that finally rally will be seen above the top(8306) of on going rally after follow up consolidation in the coming 2/3 sessions.

8306 Will mean Fresh Strong Rally

Intra Day Chart Analysis & Market Outlook.

(09-01-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Minor selling between 8296-8306
2- Down moves in Bullish Falling Channels
3- Mixed Patterns between 8261-6280 
4- Whole day actual trading between 8234-8306

Conclusions from intra day chart analysis 

Although 30 points negative closing near the lower levels of the day but huge selling was not seen and good consolidation was also seen through down moves in Bullish Falling Channels at higher levels and lower levels of the day therefore view will not be Bearish and some up moves are expected in the beginning of next week.

As minor selling at the higher levels of the day and Mixed Patterns formations also therefore follow up consolidation is firstly required for decisive up moves in next week. Once sustaining above 8306 after follow up consolidation will mean fresh strong rally beginning after long Term Trend turning up confirmation through valid break out of its decider 200 Day SMA(today at 8279)