Crucial level will confirm deeper correction

Intra Day Chart Analysis & Market Outlook

(30-06-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9494-9552
2- Up moves in Bearish Rising Channel
3- Sharp falls after selling
4- Whole day actual trading between 9494-9574

Conclusions from intra day chart analysis 

As all the Asian markets were trading strong after 144 points positive closing of Dow Jones yesterday therefore up moves after strong opening but not sustaining at higher levels and closing at the lower levels of the day after fresh selling because selling was seen between 9474-9552 in last 2 sessions and today closing is also within this range.

Previous 20 sessions trading between 9561-9698 and and Nifty moved into this range today but could not sustain within it as well as closed below it after follow up selling within this range therefore correction continuation expectations are alive and once valid break down below crucial levels(9473.45) will mean deeper correction which should be firstly watched in the coming sessions.

Correction continuation expectations

Intra Day Chart Analysis & Market Outlook

(29-06-2017)

Nifty-Intra Day Chart (28-Jun-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 9504-9522
2- Down moves in Bullish Falling Channel
3- Selling between 9490-9503
4- Whole day actual trading between 9476-9522

Conclusions from intra day chart analysis 

As sufficient intraday selling patterns formations therefore correction continuation is expected but follow up selling is also required tomorrow because some consolidation was also seen today through Down moves in Bullish Falling Channel.

Previous 20 sessions trading between 9561-9698 and this range was broken down yesterday,once valid break down below yesterday lowest(9473.45) will mean deeper correction which should be firstly watched in the coming sessions.

Market Outlook(28-06-2017)

As busy therefore intraday charts analysis is not being updated today.

Previous 20 sessions trading between 9561-9698 and this range was broken down after Green opening and 40 points positive zone trading today but fresh selling was seen below 9561 therefore more down moves below today lowest(9473.45) are expected in the coming sessions.

More than 3% one sided decisive moves expectations in next week

Intra Day Chart Analysis & Market Outlook(27-06-2017)

Nifty-Intra Day Chart (23-Jun-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Immediately after opening Down moves in Bullish Falling Channels
2- Up moves with intraday corrections
3- Down moves in Bullish Falling Channels during last hours
4- Whole day actual trading between 7566-7631

Conclusions from intra day chart analysis 

Although 0.57% negative closing near the lower levels of the day last Friday but firstly up moves are expected in the beginning of next week because good intraday consolidation was seen through Down moves in Bullish Falling Channels and Up moves with intraday corrections also. 

As previous 20 sessions trading between 9561-9698 with higher levels resistances between 9665-9698 therefore follow up complete consolidation is also required for decisive up moves above 9698. Expected that finally more than 3% one sided decisive moves will be seen in next week after valid break out of last 20 sessions trading range(9561-9698) therefore follow up intraday positions  should be firstly watched in the nest 1/2 sessions.