Rally continuation above 9000

Intra Day Chart Analysis & Market Outlook

(10-03-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8906-8930
2- Up moves with intraday corrections
3- Whole day actual trading between 8900-8945

Conclusions from intra day chart analysis 

As all the Global markets were much down therefore weaker opening today but whole day good consolidation between 4 hours sideways market and after that up moves with intraday corrections therefore rally continuation is expected. Last 12 sessions sideways trading between 8860-8993 with good consolidation patterns formations and follow up consolidation was seen today also therefore high possibilities of rally above 9000 in the coming sessions. 

Finally rally continuation after Very Short Term correction completion today 

Intra Day Chart Analysis & Market Outlook

(08-03-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation between 8933-8954
3- Whole day actual trading between 8933-8977

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Finally Rally continuation after Minor Correction":-

1- As Very Short Term indicators have turned overbought and Nifty has to consolidate between 8931-8992 
2- which will be firstly done in the coming sessions therefore minor intraday corrections also can not be ruled out within this range.

Nifty traded whole day today within yesterday mentioned range with most time negative zone trading but consolidation was firstly seen through Down moves in Bullish Falling Channel and after that sideways trading with consolidation patterns formations between 8933-8954 therefore finally on going rally continuation is expected after Very Short Term correction completion today.

Finally Rally continuation after Minor Correction

Intra Day Chart Analysis & Market Outlook

(07-03-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Sharp up after gap up opening
2- Consolidation Patterns formations between 8931-8968
3- Whole day actual trading between 8914-8968

Conclusions from intra day chart analysis 

Firstly sharp up after gap up opening and after that more than 6 hours consolidation Patterns formations between 8931-8968 therefore on going rally continuation is expected. As Very Short Term indicators have turned overbought and Nifty has to consolidate between 8931-8992 which will be firstly done in the coming sessions therefore minor intraday corrections also can not be ruled out within this range and until Nifty will not sustain below 8881 after complete follow up selling till then any decisive down moves will not be seen.

Strong signals of rally continuation in next week

Intra Day Chart Analysis & Market Outlook

(06-03-2017)

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

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Technical Patterns and Formations in today intraday charts

1- 4 Hours consolidation Patterns formations between 8861-8883
2- Whole day actual trading between 8861-8907

Conclusions from intra day chart analysis 

Supports between 8864-8876 were updated on 28-02-2017 in "Firstly watch next supports for on going correction continuation/completion" and 4 Hours consolidation Patterns formations within this range between 8861-8883 was seen on 03-03-2017 therefore strong signals of rally continuation in next week which is expected also.