Firstly watch levels for correction continuation/completion

Intra Day Chart Analysis & Market Outlook

(16-06-2017)

Nifty-Intra Day Chart (15-Jun-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 9606-9612
2- More than 4 hours Down moves in Bullish Falling Channel
3- Whole day actual trading between 9561-9621

Conclusions from intra day chart analysis 

Previous 12 sessions sideways trading was between 9586-9686 and today closing below it after higher levels some selling but more than 4 hours Down moves in Bullish Falling Channel also today therefore emergence of Pull Back Rally expectations. 

As correction is on and no confirmation of its completion yet but signals of its completion today after consolidation through more than 4 hours Down moves in Bullish Falling Channel therefore firstly sustaining beyond 9561-9586 lowest should be watched for on going correction continuation/completion.

As busy therefore Stock Market Outlook of today(15-06-2017) is not being updated.

9586 Will confirm Deeper Correction

Intra Day Chart Analysis & Market Outlook

(14-06-2017)

Nifty-Intra Day Chart (13-Jun-2017):-

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Technical Patterns and Formations in today intraday charts

1- More than 4 hours selling between 9636-9654
2- Down moves in last hours
3- Whole day actual trading between 9596-9654

Conclusions from intra day chart analysis 

As more than 4 hours selling between 9636-9654 and after that down moves in last hours therefore strong signals of correction continuation and firstly sustaining beyond 9586 should be watched in the coming sessions because that will confirm deeper correction after valid break down of last 11 sessions sideways trading market.

Firstly Watch trading Range for Next Trend confirmations

Intra Day Chart Analysis & Market Outlook

(13-06-2017)

Nifty-Intra Day Chart (12-Jun-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 9630-9640
2- Selling between 9627-9634
3- Up moves in Bearish Rising Channel
4- Whole day Down moves in Bullish Falling Channel
5- Whole day actual trading between 9599-9647

Conclusions from intra day chart analysis 

As most Asian markets were trading in Red therefore weaker opening of Indian markets and slipping also after sufficient selling patterns formations but Whole day Down moves in Bullish Falling Channel hence today trading will be understood with Mixed patterns formations. 

Following lines were told at 08:25 AM today in "Pre-open Outlook(12-06-2017)":-

Last 9 sessions sideways trading between 9586-9686 and finally sustaining beyond this range will generate next trend.

Expected that Nifty will trade and prepare for next trend within last 10 sessions sideways range(9586-9686) and sustaining it beyond should be firstly watched for its confirmations.

Pre-open Outlook(12-06-2017)

As some Asian markets are trading in Red and resistances are also lying above last Friday highest therefore weaker opening is possible today morning but good consolidation between 9609-9636 last Friday and until Nifty will not sustain below 9609 after complete fresh selling till then decisive down moves will not be seen.

Last 9 sessions sideways trading between 9586-9686 and finally sustaining beyond this range will generate next trend. As Nifty will trade within this range for its preparation in the coming sessions therefore next trend will be decided according to coming sessions intraday charts formations and will be updated accordingly.

Rally continuation expectations after fresh follow up consolidation

Intra Day Chart Analysis & Market Outlook

(12-06-2017)

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

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Consolidation between 9609-9636
2- Good up moves in last hours
3- Whole day actual trading between 9609-9676

Conclusions from intra day chart analysis

As firstly more than 4 hours consolidation and good up moves in last hours therefore more up moves are expected in the beginning of next week but sufficiently strong resistances are also lying between 9667-9686 and follow up consolidation is also required for fresh rally above life time high(9709).

Expected that finally rally will remain continued after fresh follow up consolidation in the coming weeks.