Mid-session Outlook(20-01-2017)

Billionaire investor George Soros says that global markets will falter due to “uncertainty” and confusion surrounding Donald Trump’s policies.

Soros says Trump ‘uncertainty’ will cause global markets to falter

(Just click above topic link and go through whole news)

Down moves which started from US markets fall yesterday night,remained continued in most Asian and European markets and in reaction Indian markets are also weak since opening today which is Trump's oath of office taking day.

Although last 6 sessions trading between 8374-8460 and this trading range also broken down(now trading at 8355) but due to above news led Global markets reaction therefore firstly sustaining below 8374 should be watched in the beginning of next week for decisive down moves confirmations.

Intra Day Chart Analysis & Market 
Outlook(20-01-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8405-8423
2- Mixed Patterns between 8461-8440
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 8405-8445

Conclusions from intra day chart analysis 

Selling between 8442-8460 was told yesterday in "Finally Rally Expectations after follow up Consolidation" and Nifty traded almost whole day as well as closed below it but consolidated nicely also therefore view will not be Bearish. 

Last 6 sessions trading between 8374-8460 with lower levels good consolidation but last resistance between 8442-8460 therefore follow up consolidation is firstly required for decisive and fast up moves above 8460.

As lower levels sufficiently good consolidation today therefore expected that finally rally will remain continued above 8460 after follow up consolidation in the coming sessions.

Finally Rally Expectations after follow up Consolidation

Intra Day Chart Analysis & Market Outlook

(19-01-2017)

Nifty-Intra Day Chart (18-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Selling between 8442-8460
3- Consolidation between 8398-8424
4- Whole day actual trading between 8398-8460

Conclusions from intra day chart analysis 

Although 27 points up moves in first minute but after that up moves in Bearish Rising channel and higher levels selling also therefore down moves in Mid Session of the day. As lower levels consolidation also in last 3 hours therefore today whole day trading will be understood with Mixed patterns formations and firstly Nifty will have to trade and prepare for next decisive moves within today trading range.

As last 5 sessions trading between 8374-8460 with both selling and consolidation patterns formations therefore Nifty will trade and prepare for prepare for next decisive moves beyond this trading range which will be firstly done within and near about it in the coming sessions.

Although today closing near the lower levels of the day but lower levels consolidation also therefore expected that finally rally will remain continued above 8460 after follow up consolidation in the coming 1/2 sessions.

Finally Rally Continuation after Sideways Correction Completion

Intra Day Chart Analysis & Market Outlook

(18-01-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channels
2- Whole day actual trading between 8379-8440

Conclusions from intra day chart analysis 

As positive news from GST council meeting yesterday evening therefore initial up moves also after positive opening but not sustaining at higher levels and slipping into negative zone within 1st hour of trading. Although 14 points down closing after last more than 5 hours negative zone trading but view will not be Bearish because all the Down moves were in Bullish Falling Channels which is showing consolidation patterns formations today.

Last 4 sessions trading within 66 points between 8374-8440 with both selling and consolidation patterns formations therefore Nifty will trade and prepare for prepare for next decisive moves beyond this trading range which will be firstly done within and near about it in the coming sessions.

As Bullish rally is on and sufficient consolidation patterns were also seen within 8374-8440 in last 4 sessions therefore it will be understood that Nifty is correcting within sideways trading range and finally rally will remain continued above 8440 after follow up consolidation in the coming 1/2 sessions.

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

Finally Rally Continuation after follow up Consolidation

Technical Analysis,Research & Weekly Outlook

(Jan 16 to Jan 20,2017)

Nifty-EOD Chart (13-Jan-2017):-

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Technical Patterns and Formations in EOD charts

1- Resistances between 8506-8969
2- Supports between 7894-8219

Intra Day Chart Analysis(13-01-2017)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- More than 5 hours trading Mixed Patterns between 8374-8406
3- Whole day actual trading between 8374-8442

Conclusions from intra day chart analysis 

Firstly Down moves in Bullish Falling Channel but after that more than 5 hours trading with Mixed Patterns between 8374-8406 therefore Nifty has to prepare for next decisive moves within and near about this trading range.

Conclusions (After Putting All Studies Together)

Nifty closed at 8400 in previous trading session which is in the center of multiple resistances and supports but last 3 sessions closing above Long Term Trend decider 200 Day DMA(today at 8297) after gap up opening on 11-01-2017 therefore high possibility of on going rally continuation towards above mentioned next resistances.

Although intraday charts of 13th Jan is showing more than 5 hours trading with Mixed Patterns between 8374-8406 but good consolidation was seen between 8383-8398 on 12th Jan therefore up moves continuation possibility is alive.

As indicators are overbought therefore some volatility and Short Term Correction can not be ruled out for cooling down but finally rally continuation is expected after follow up consolidation.