Post-open Outlook(24-08-2017)

Although positive zone trading since gap up opening today but required strength is not seen therefore sustaining above today highest(9881.50) should be firstly watched for first strong signal of on going correction completion and sustaining above next resistance(9910-9936) is must for fresh rally after correction completion.

Strong indications of fresh rally after correction completion

Intra Day Chart Analysis & Market Outlook

(24-08-2017)

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

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Technical Patterns and Formations in today intraday charts

1- 5 Hours consolidation between 9787-9815
2- Strong rally in last hour
3- Whole day actual trading between 9787-9857

Conclusions from intra day chart analysis 

As good consolidation below 9815 today and yesterday therefore strong recovery from lower levels and today closing near the higher levels of the day. Certainly correction is on and no confirmation of its completion yet but good consolidation between 9750-9815 in last 2 sessioons therefore strong indications of correction completion today and sustaining above following resistances should be watched in the coming sessions for fresh rally after correction completion:-

1- 9910-9936
2- 10080-10130

As out of station therefore Stock Market Outlook of today(23-08-2017) is not being updated but tomorrow outlook will be updated positively.

As busy therefore Stock Market Outlook of today(22-08-2017) is not being updated.

Firstly Watch levels for the life of on going correction

Intra Day Charts Analysis & Market Outlook

(18-08-2017)

Nifty-Intra Day Chart (Aug 17 & Aug 18,2017)

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Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 9915-9940 on 17-08-2017
2- Consolidation between 9784-9825 on 18-08-2017
3- 2 Sessions actual trading between 9784-9940 

Conclusions from 2 Sessions intra day chart analysis 

As last 2 sessions trading between 9784-9940 with lower levels supports and higher levels good selling also therefore firstly Nifty has to trade and prepare for next decisive moves within mentioned trading range which will be done in the beginning of next week. 

Intermediate Term correction is on and no confirmation of its completion yet therefore firstly valid break out of last 2 sessioons trading range should be watched for the life of on going correction which means that correction continuation below 9784 or first signal of correction completion above 9940.