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

Finally rally continuation expectations after follow up consolidation within and above gap support 

Intra Day Chart Analysis & Market Outlook

(23-03-2017)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 9037-9072 
2- Whole day actual trading between 9020-9072  

Conclusions from intra day chart analysis 

As crashing like situation in all the Global markets therefore huge gap down opening in Indian markets but more than 5 hours trading with mixed patterns formations which means  that next trend will be decided from break out of that gap(8976-9062) which was formed on 14-03-2017 after UP Elections results announcement and Nifty closed within it at 9030.45 today.

13 Sessions trading range(8860-8993) was broken out forcefully on 14-03-2017 with gap between 8976-9062 and this gap is next strong support of Nifty. Although last 4 sessions are showing down moves but without too much selling patterns formations and consolidation was also seen and today sharp down moves were due to Global markets pressure therefore view will not be Bearish. Still expected that finally rally will remain continued after follow up consolidation within and above mentioned gap support.

Finally rally above 9200 after 2/3 sessions follow up consolidation

Intra Day Chart Analysis & Market Outlook

(22-03-2017)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- 4 Hours Down moves in Bullish Falling Channel
2- Consolidation between 9088-9108
3- Whole day actual trading between 9088-9147

Conclusions from intra day chart analysis 

Although most time negative zone trading with little down closing but lower levels good consolidation after 4 hours Down moves in Bullish Falling Channel therefore it will be understood that Indian markets are in consolidation phase and resultant finally rally will be seen above 9200 after 2/3 sessions follow up consolidation despite now SGX Nifty trading 45 points down after 175 slipping of Dow Jones today.

Finally rally above 9200

Intra Day Chart Analysis & Market Outlook

(21-03-2017)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 9117-9127
2- Whole day actual trading between 9117-9147

Conclusions from intra day chart analysis 

Although whole day negative zone trading and 0.36% down closing also but good consolidation Patterns formations between 9117-9127 therefore some up moves are expected tomorrow. 

Following lines were told yesterday in "Rally continuation expectations above 9200 after follow up consolidation":-

1- good consolidation was seen between 9130-9140 on 16-03-2017
2- Selling between 9156-9170
3- Last 2 sessions actual trading between 9130-9186 without one sided intraday patterns formations therefore Nifty has to traded and prepare for next decisive moves within this range which will be done in the beginning of next week

Although most time trading below 8130 today but good consolidation was seen below it therefore view will not be Bearish and once sustaining above 9140 will mean strong indication of fresh up moves beginning. As selling was seen below 9170 last Friday therefore sustaining above 9170 is must after follow up complete consolidation for next rally beginning.

As lower levels consolidation today also after good consolidation on 16-03-2017 therefore still expected that finally rally will be seen above 9200 after follow up consolidation.

Rally continuation expectations above 9200 after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(20-03-2017)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- More than 2 hours down moves in Bullish Falling Channel
2- Selling between 9156-9170
3- Whole day actual trading between 9148-9186

Conclusions from intra day chart analysis 

Although firstly more than 2 hours down moves in Bullish Falling Channel but after that selling also between 9156-9170 therefore intraday patterns will be understood with mixed Patterns formations between 9148-9186 and its valid break out will be next decisive moves first indication.

As good consolidation was seen between 9130-9140 on 16-03-2017 and it will first support but Indian markets under performed Global markets on that day therefore view will be cautiously Bullish.

Last 2 sessions actual trading between 9130-9186 without one sided intraday patterns formations therefore Nifty has to traded and prepare for next decisive moves within this range which will be done in the beginning of next week and finally sustaining beyond this range should be watched for Short Term correction below 9130 and rally continuation above 9186 despite still expectation of rally continuation above 9200 after follow up consolidation in next week.