Next trend confirmations through levels

Intra Day Chart Analysis & Market Outlook

(10-02-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Sharp 50 points up immediately after opening
2- Loosing 97 points in 2 hours
3- Slow up moves in last 4 hours in Broadening pattern
4- Whole day actual trading between 8724-8821

Conclusions from intra day chart analysis 

Only whole day volatility with and as such no intraday technical position formations as well as most time trading within previous 3 sessions trading range therefore next trend confirmations will be through valid break out of last 4 sessions trading range(8715-8821) which should be firstly watched in the coming sessions

As out of station therefore Stock Market Outlook of today is not being updated

Possibility of rally continuation

Intra Day Chart Analysis & Market Outlook

(08-02-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8770-8809
2- Volatility in last hour
3- Whole day actual trading between 8742-8809

Conclusions from intra day chart analysis 

Although last hour volatility after fat slipping but consolidation patterns formation in first 5 hours therefore strong possibility of rally continuation above day's highest and possibility of up moves above 9000 as well despite 0.32% negative closing today 

Follow up consolidation tomorrow will mean sharp up moves above 9000

Intra Day Chart Analysis & Market Outlook

(07-02-2017)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel but with intraday corrections
2- Lower levels supports
3- Last hours trading with Mixed Patterns formations
4- Whole day actual trading between 8770-8814

Conclusions from intra day chart analysis 

Although whole day positive zone trading after gap up opening but clear consolidation patterns were not seen and Mixed Patterns formations developed therefore view will be cautiously Bullish and valid break out of today trading range should be firstly watched for next trend confirmations.

Bullish rally is on and once follow up consolidation tomorrow will mean sharp up moves above 9000 will be seen very shortly.