Firstly watch next supports for today started correction continuation/completion

Nifty-Intra Day Chart (Apr 05 & Apr 06,2017):-

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Technical Patterns and Formations in last 2 Sessions intraday charts

1- Whole day up moves in Bearish Rising Channel on 05-04-2017
2- Selling between 9234-9245 on 06-04-2017
3- Support between 9220-9230 on 06-04-2017
4- Up moves with seling patterns in last hour
5- 2 Sessions actual trading between 9220-9274 

Conclusions from 2 Sessions intra day chart analysis 

As whole day up moves in Bearish Rising Channel on 05-04-2017 therefore weak opening today and selling also between 9234-9245 in first hour today. Some supports are seen at lower levels of the day today but last up moves were with selling patterns in last hours therefore view will not be Bullish.

Very Short Term correction expectations was updated in both previous Outlooks and it was seen today after intraday selling patterns in both previous sessions. As some intraday support was seen between 9220-9230 today therefore firstly its valid break down should be watched tomorrow for today started correction continuation/completion.

As sufficient selling was seen in both previous sessions therefore once follow up selling tomorrow will mean slipping towards next supports(9193-9210) which has turned most crucial because its valid break down will mean entering into  previous 14 sessions trading range(9020-9191) and correction continuation possibility within this range.

Firstly watch above mentioned following next supports for today started correction continuation/completion:-

1- 9220-9230
2- 9193-9210

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

Finally rally continuation amid Very Short Term correction expectations

Intra Day Chart Analysis & Market Outlook

(05-04-2017)

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

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Technical Patterns and Formations in today intraday charts

1- More than 2 hours consolidation between 9193-9210
2- Last hours up moves with intraday corrections and consolidation
3- Whole day actual trading between 9193-9245

Conclusions from intra day chart analysis 

As selling in last hours on 31-03-2017 and Short Term Indicators have turned over bought therefore firstly Very Short Term correction was expected last Monday but gap up opening was seen last Monday because some Asian markets were trading strong and heavy weight Reliance Industries opened more than 2% up. 

Firstly more than 2 hours consolidation was seen after slipping below 9200 because last hours selling was seen between 9177-9191 on 31-03-2017. As last hours up moves with intraday corrections and consolidation last Monday therefore finally rally continuation is expected because previous 14 sessions trading range(9020-9191) also broken out. It should be kept in mind that Short Term Indicators have turned over bought and Very Short Term correction may be seen any day after some intraday selling which will be good for the strength of on going rally.

Emergence of Very Short Term correction expectations

Intra Day Chart Analysis & Market Outlook

(03-04-2017)

Nifty-Intra Day Chart (31-Mar-2017):-

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Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 9153-9170
2- Last hours selling elling between 9177-9191 
3- Whole day actual trading between 9153-9191

Conclusions from intra day chart analysis 

As firstly more than 4 hours trading with Mixed Patterns formations and after that selling in last hours also therefore some down moves are expected in the beginning of next week. Last 14 sessions trading between 9020-9191 and Short Term Indicators have turned over bought also therefore emergence of Very Short Term correction expectations within this range in next week.