On going rally continuation expectations

Intra Day Chart Analysis & Market Outlook

(31-03-2017)

Nifty-Intra Day Chart (30-Mar-2017):-

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Technical Patterns and Formations in today intraday charts

1- More than 4 hours Down moves in Bullish Falling Channel
2- Derivative expiry led last hours volatility 
3- Whole day actual trading between 9141-9183

Conclusions from intra day chart analysis 

Although fast slipping from higher levels in last 5 minutes but it will be understood a part of derivative expiry led last hours volatility only and on going rally continuation is expected because more than 4 hours Down moves were also seen in Bullish Falling Channel.

Up moves continuation expectations

Intra Day Chart Analysis & Market Outlook

(30-03-2017)

Nifty-Intra Day Chart (29-Mar-2017):-

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Technical Patterns and Formations in today intraday charts

1- 5 Hours sideways trading within 30 points between 9110-9140
1- Consolidation between 9110-9124
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 9110-9153

Conclusions from intra day chart analysis 

Firstly 5 hours sideways trading within 30 points between 9110-9140 with lower levels consolidation and slipping from higher levels also which were due to oppositions parties arguments during GST debate in Lok Sabha. As Down moves were in Bullish Falling Channels therefore up moves were seen in last hour and its continuation is also expected. 

As busy therefore Stock Market Outlook of today is not being updated but Mid-session Outlook may be posted during trading hours.

Still rally continuation  expectations above last 10 sessions trading range highest

Intra Day Chart Analysis & Market Outlook

(28-03-2017)

Nifty-Intra Day Chart (27-Mar-2017):-

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Technical Patterns and Formations in today intraday charts

1- Minor selling between 9072-9087
2- Consolidation between 9025-9040
3- Down moves in Bullish Falling Channel 
4- Whole day actual trading between 9025-9087

Conclusions from intra day chart analysis 

As following reasons therefore slipping fast after weak opening:-

1- Dow's Futures weaker trading by more than 120 points.
2- Reliance Industries shares crashing as Sebi curbs its futures trading
3- Skymet Weather has predicted that the upcoming Southwest Monsoon 2017 is likely to be below normal.

Following lines were told yesterday in "Finally rally after follow up consolidation":-

finally rally will be seen after follow up consolidation within last 9 sessions trading range(9020-9186)

Following lines were told on 22-03-2017 in "Finally rally continuation expectations after follow up consolidation within and above gap support ":-

1- gap between 8976-9062 and this gap is next strong support of Nifty.
2- Still expected that finally rally will remain continued after follow up consolidation within and above mentioned gap support

As today deeper down moves were due to above mentioned negative news and Nifty got support within last 10 sessions trading range(9020-9186) at 9024.65 therefore same Still same view that finally rally will remain continued above last 10 sessions trading range highest(9186) after follow up consolidation within and above mentioned gap support.

Finally rally after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(27-03-2017)

Nifty-Intra Day Chart (24-Mar-2017):-

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Technical Patterns and Formations in today intraday charts

1- Sharp up after positive opening
2- 5 Hours trading with Mixed Patterns formations between 9108-9133
3- Sharp down fron higher levels
4- Down moves in Bullish Falling Channel in last half hour
5- Whole day actual trading between 9090-9133

Conclusions from intra day chart analysis 

Although 5 hours trading with Mixed Patterns formations and sharp up with sharp down also but Down moves in Bullish Falling Channel in last half hour therefore view will not be Bearish despite closing near the lower levels of the day because consolidation patterns were also seen. Still expected that finally rally will be seen after follow up consolidation within last 9 sessions trading range(9020-9186)