Market Outlook(23-06-2017)

As only intraday volatility on 22-06-2017 and as such no intraday position formations as well as closing within previous 19 sessions trading range(9561-9686) despite new life time high formations therefore firstly watch sustaining beyond 19 sessions trading range(9561-9699) for next big trend confirmations.

Follow up consolidation firstly required fresh decisive rally

Intra Day Chart Analysis & Market Outlook

(22-06-2017)

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

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Technical Patterns and Formations in today intraday charts

1- More than 4 hours trading with Mixed Patterns formations between 9609-9626
2- Strong recovery from lower levels
3- Whole day actual trading between 9609-9648

Conclusions from intra day chart analysis 

Although strong recovery from lower levels after 02:00 PM but before that more than 4 hours trading with Mixed Patterns formations between 9609-9626 therefore sustaining above 9629 is must and once confirmation of sustaining above it will mean strong indication of fresh rally beginning above 9686 because consolidation was seen between 9615-9629 on 19-06-2017 also.

As last 18 sessions sideways trading within 125 points between 9561-9686 with following higher levels resistances therefore follow up consolidation is also firstly required fresh decisive rally above 9686:-

1- 9665-9676 
2- 9676-9686 

At present more or less same view which is being updated for the last many Outlooks that finally sustaining beyond 9561-9686 will confirm next trend and that should be firstly watched.

Deeper correction or fresh rally towards 10000 confirmations from levels

Intra Day Charts Analysis & Market Outlook

(21-06-2017)

Nifty-Intra Day Chart (Jun 19 & Jun 20,2017):-

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Technical Patterns and Formations in last 2 Sessions intraday charts

1- Consolidation between 9615-9629 on 19-06-2017
2- Selling between 9665-9676 on 20-06-2017
3- 2 Sessions actual trading between 9615-9676 

Conclusions from 2 Sessions intra day chart analysis 

Last 2 sessions trading with good consolidation between 9615-9629 yesterday and equally good selling between 9665-9676 therefore Nifty will remain sideways and firstly prepare for next decisive moves within last 2 sessions trading range(9615-9676) tomorrow.

Last 17 sessions trading between 9561-9686 and finally sustaining it beyond will form next more than 3% moves which should be firstly watched for next trend confirmations because that will mean deeper correction below 9561 or fresh rally towards 10000 above 9686.

As busy therefore Stock Market Outlook of today(20-06-2017) is not being updated.

Next more than 3%  decisive moves confirmation through crucial levels

Intra Day Chart Analysis & Market Outlook

(19-06-2017)

Nifty-Intra Day Chart (16-Jun-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channels
2- Intraday corrections
3- Whole day actual trading between 9566-9615

Conclusions from intra day chart analysis 

As only intraday volatility with Up moves in Bearish Rising Channels and sufficiently good intraday corrections also therefore today trading will be understood without one sided specific position formations and next more than 3%  decisive moves will get confirmation through sustaining beyond following crucial levels:-

1- 9561-9627(First indication from last 3 sessions trading range)
2- 9561-9686(Final confirmation from last 15 sessions trading range)