Fresh down moves towards next supports

Intra Day Chart Analysis & Market Outlook

(18-08-2017)

Nifty-Intra Day Chart (17-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 9918-9940
2- Consolidation between 9887-9904
3- Selling between 9915-9938
4- Whole day actual trading between 9884-9940

Conclusions from intra day chart analysis 

Although most time positive zone trading after gap up opening and Green closing as well but good selling patterns formations at higher levels therefore strong indications of down moves tomorrow. As some consolidation also at lower levels therefore trading near about today lowest can not be ruled out but fresh down moves are expected towards following next supports:-

1- 9782-9808
2- 9686-9714

Rally continuation after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(16-08-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Intraday correction in last half hour
3- Whole day actual trading between 9753-9818

Conclusions from intra day chart analysis 

As some consolidation was seen in last 2 sessions of previous week therefore we told for Strong Pull Back Rally on last Monday and it was seen after gap up opening and more than 5 hours continuous up moves. As up moves were in Bearish Rising Channel and due to this sentiment turned heated therefore intraday correction was seen in last half hour which will be understood healthy for last Monday started Pull Back Rally continuation.

Expected that Nifty will firstly trade within last Monday trading range and prepare for next moves but high possibility of on going rally continuation after 1/2 sessions follow up consolidation because resistances are lying above last Monday highest. 

सभी हिन्दुस्तानियों को स्वन्त्रता दिवस की हार्दिक शुभकामनायें 

Wishing you all Indians Happy Independence Day

Strong Pull Back Rally if no negative news

Intra Day Chart Analysis & Market Outlook

(14-08-2017)

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

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Technical Patterns and Formations in today intraday charts


1- Selling between 9737-9771
2- Support between 9686-9714
3- Whole day actual trading between 9686-9771

Conclusions from intra day chart analysis 

As crashing like situation in all the Global markets therefore gap down opening and 1.11% negative closing with higher levels good selling and lower levels some supports also therefore expected that Nifty will firstly trade and prepare for next decisive moves within last Friday trading range next Monday. 

Certainly correction is on and no signal of its completion yet but Short Term Indicators have turned over sold therefore only strong Pull Back Rally will be seen if no negative news come from North Korea and Indo-China border.