Strong Pull Back Rally after stopping of Global markets crashing 

Intra Day Chart Analysis & Market Outlook

(11-08-2017)

Nifty-Intra Day Chart (10-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 9836-9892
2- Down moves in Bullish Falling Channel 
3- Whole day actual trading between 9777-9892

Conclusions from intra day chart analysis 

As intraday consolidation patters formations on 09-08-2017 therefore Pull Back Rally was expected on 10-08-2017 but crashing like situation was seen in most Asian markets and sentiment was much depressed in the morning so Indian markets also opened weak and closed negative also after whole day negative zone trading.

Although Dow Jones is now trading more than 165 points down after much weaker closing of all European markets today but Indian markets have shown consolidation patterns formations on 10-08-2017 therefore view will not be Bearish and strong Pull Back Rally will be seen if Global markets crashing will stop despite SGX Nifty now trading 87 points down.

Pull Back Rally Expectations

Intra Day Chart Analysis & Market Outlook

(10-08-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9944-9969
2- Down moves in Bullish Falling Channel
3- Up moves with intraday corrections
4- Last 40 minutes slow down moves
5- Whole day actual trading between 9894-9969

Conclusions from intra day chart analysis 

All 4 previous Outlooks are live proofs of this fact that we continuously told for corrections and more than 200 points correction was seen but Very Short Term Indicators have turned oversold after this correction and some consolidation patterns formations also developed today therefore Pull Back Rally is expected in the coming sessions. As some selling also at higher levels today therefore next decisive up moves will be considered after some more follow up consolidations and sustaining above today highest.  

Very Short Term correction expectations

Intra Day Chart Analysis & Market Outlook

(08-08-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 10068-10088
2- Whole day actual trading between 10047-10088

Conclusions from intra day chart analysis 

Although last Friday closing was near the higher levels of the day but we were not Bullish and told following lines in"Watch levels for next Trend confirmations" 

Both lower levels supports and higher levels resistances between 9945-10137 and firstly Nifty has to prepare for decisive moves beyond this range therefore follow up moves and valid break out of these levels should be watched in next week for next Trend confirmations.

As follow up selling today therefore Very Short Term correction is expected tomorrow towards following supports:-

1- 10023-10039
2- 9980-9998

Watch levels for next Trend confirmations

Intra Day Chart Analysis & Market Outlook

(07-08-2017)

Nifty-Intra Day Chart (04-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- More than 4 hours Mixed Patterns formations between 9989-10026
2- Up moves in last hours
3- Whole day actual trading between 9989-10075

Conclusions from intra day chart analysis 

Although firstly more than 4 hours trading was with Mixed Patterns formations but Up moves were seen in last hours and closing was also near the higher levels of the day therefore some up moves can not be ruled out in the beginning of next week.

As Mixed Patterns formations last Friday and last 9 sessions trding between 9945-10137 with higher levels following resistances therefore follow up consolidation is must for decisive up moves after new life time high formations:-  

1- 10082-10096
2- 10107-10125

Both lower levels supports and higher levels resistances between 9945-10137 and firstly Nifty has to prepare for decisive moves beyond this range therefore follow up moves and valid break out of these levels should be watched in next week for next Trend confirmations.