Sustaining above 9936 will confirm strong Rally

Intra Day Chart Analysis & Market Outlook

(01-09-2017)

Nifty-Intra Day Chart (31-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9857-9871
2- Consolidation between 9871-9885
3- Up moves with intraday correction
4- Whole day actual trading between 9857-9925

Conclusions from intra day chart analysis 

As good intraday consolidation and last half hour up moves with intraday correction also therefore up moves continuation is expected towards following resistances:-

1- 9910-9936
2- 10080-10130

As above resistances therefore follow up consolidation is must and once sustaining above 9936 will mean strong rally towards 2nd resistance(10080).

Firstly Watch Levels after Korea news based last 2 sessions volatility

Intra Day Chart Analysis & Market Outlook

(31-08-2017)

Nifty-Intra Day Chart (30-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9869-9882
2- Selling between 9889-9909
3- Whole day actual trading between 9851-9909

Conclusions from intra day chart analysis 

As UN Security Council unanimously condemned North Korea's firing of a ballistic missile and expressed "its commitment to a peaceful, diplomatic and political solution" therefore conclusion of no risk of immediate war resultant all the Asian markets were trading positive after Green closing of US markets while Dow's Futures was trading more than 120 points down during Indian markets trading hours yesterday. 

Last 2 sessions trading was completely North Korea ballistic missile fire news based in which sharp down yesterday and strong recovery after strong opening today but some selling was also seen below 9909 today. As some consolidation also developed above 9869 therefore firstly valid break out of 9869-9909 should be watched tomorrow for next decisive moves towards(9782 or 9936) 

Following lines were told on 27-08-2017 in "Firstly watch levels for correction continuation/completion" and being repeated as final conclusion after last 13 sessions sideways market:-

Previous 10 sessions trading between 9686-9948 and finally sustaining it beyond will decide the life of on going correction

As busy therefore Stock Market Outlook of today(30-08-2017) is not being updated.

Pre-open Outlook(29-08-2017)

As North Korea launched missile which flew over Japan therefore Dow's Futures is trading more than 100 points down today morning and resustant all the Asian markets are trading in negative zone. 

Certainly sentiment is depressed and Indian markets will also open weak but good intraday consolidation between 9894-9925 yesterday therefore until Nifty will not sustain below 9894 till then decisive down moves will not be seen and firstly sustaining it below should be watched today for fresh down moves confirmations.

9936 will confirm strong up moves towards 2nd resistance

Intra Day Chart Analysis & Market Outlook

(29-08-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9894-9925
2- Whole day actual trading between 9882-9925

Conclusions from intra day chart analysis 

As most positive news of "Indo-China agreement of 'expeditious disengagement' of Doklam border dispute" therefore firstly gap up opening and after that more than 5 hours consolidation between 9894-9925 today which means that on going Pull Back rally continuation towards following resistances:-

1- 9910-9936
2- 10080-10130

Above resistances were updated on 23-08-2017 in "Strong indications of fresh rally after correction completion" and consolidation was seen within 1st resistance range today therefore expected that rally will remain continued towards 2nd resistance range but follow up consolidation is must and once sustaining above 9936 will mean strong up moves towards 2nd resistance(10080).

Firstly watch levels for correction continuation/completion

Intra Day Chart Analysis & Market Outlook

(28-08-2017)

Nifty-Intra Day Chart (24-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling patterns formation between 9857-9867
2- Volatility in last 3 hours
3- 8 Times supports at lower levels of the day
4- Whole day actual trading between 9849-9881

Conclusions from intra day chart analysis 

Whole day sideways trading within 32 points with some selling but 8 times supports also at lower levels of the day therefore last Friday trading will be understood with Mixed patterns formations. As volatility also in last 3 hours and technical positions reverses also during such volatility therefore valid break out of last Friday trading range should be firstly watched for next decisive moves confirmations.

Certainly correction is on and no confirmation of its completion yet but good consolidation between 9750-9815 in previous week therefore until complete selling will not develop till then Nifty will not sustain below 9750.

Previous 10 sessions trading between 9686-9948 and finally sustaining it beyond will decide the life of on going correction therefore Nifty will trade and prepare for it within this range in the next 2/3 sessions. Let markets prepare then will be undated according to intraday patterns formations and firstly mentioned levels should also be watched in next week for correction continuation/completion.