Rally continuation towards 10000

Intra Day Chart Analysis & Market Outlook

(17-07-2017)

Nifty-Intra Day Chart (14-Jul-2017):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
1- Consolidation between 9846-9880
3- Whole day actual trading between 9846-9892

Conclusions from intra day chart analysis 

Although whole day negative zone trading but whole day good intraday consolidation patterns formations therefore expected that on going rally will remain continued above life time highest(9913.30) and towards 10000.

(As become free therefore Outlook of 17-07-2017 has been updated)

As busy therefore Stock Market Outlook of today(14-07-2017) and next Monday(17-07-2017) will not be updated.

Rally continuation above life time highest

Intra Day Chart Analysis & Market Outlook

(13-07-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation between 9788-9807
3- Whole day actual trading between 9788-9824

Conclusions from intra day chart analysis 

Although good selling and closing near the lower levels of the day on 11-07-2017 but we following line in "Finally rally continuation after fresh consolidation"  

finally rally will remain continued after fresh consolidation within next 2/3 sessions.

As sufficiently good consolidation on 12-07-2017 therefore expected that on going rally will continued above life time highest(9830.10) in the coming sessions.

Finally rally continuation after fresh consolidation 

Intra Day Chart Analysis & Market Outlook

(12-07-2017)

Nifty-Intra Day Chart (11-Jul-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Selling between 9815-9830
3- sharp down in last hour
4- Whole day actual trading between 9779-9830

Conclusions from intra day chart analysis 

Although Green closing after whole day positive zone trading but sufficiently good intraday selling was seen therefore only very Short Term correction will be considered and until complete follow up selling will not develop in the coming sessions till then decisive down moves will not be seen.

As rally is very much on and such today like corrections are a part of Bull markets therefore expected that finally rally will remain continued after fresh consolidation within next 2/3 sessions.

Rally continuation with continuous new life time high formations 

Market Outlook(11-07-2017)

As first 3 hours trading was disturbed due technical problems in NSE software today and after that only up moves were seen without any specific technical pattern formations therefore Intra Day Chart Analysis is not being updated. 

It was a big development today that last 30 sessions trading range(9550-9700) was broken out and today closing was also at life time high. As forceful break out today therefore high possibility of rally continuation with continuous new life time high formations.

Firstly Watch Levels for next big trend confirmations

Intra Day Chart Analysis & Market Outlook

(10-07-2017)

Nifty-Intra Day Chart (07-Jul-2017):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 9655-9665
2- Consolidation between 9652-9662
3- Up moves in Bearish Rising Channels
4- Intraday corrections in last hour
5- Whole day actual trading between 9643-9684

Conclusions from intra day chart analysis 

As both consolidation and intraday selling patterns formations therefore last Friday trading will be understood with Mixed patterns formations and valid break out of last Friday range should be firstly watched for next decisive moves beginning confirmations. Previous 30 sessions trading between 9550-9700 with higher levels selling and lower levels consolidation within this range therefore Nifty will have to prepare for next big moves within this range and finally sustaining beyond this range will confirm next big trend which should be firstly watched in next week.