Carefully watch 10045

Intra Day Chart Analysis & Market Outlook

(22-09-2017)

Nifty-Intra Day Chart (21-Sep-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1 Sharp down immediately after opening
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 10059-10158

Conclusions from intra day chart analysis 

Following lines were told at 10:00 AM on 20-09-2017 in "Post-open Outlook(20-09-2017)":-

1- Although positive zone trading since today opening but intraday charts of first 45 minutes are showing some selling indications also
2- finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Although strong recovery from lower levels after first 45 minutes sharp down but last 5 hour up moves were in Bearish Rising Channel and yesterday closing was below 10130 therefore view will be Bearish.

Down moves below yesterday lowest(10058.60) can not be ruled out but next supports below it at 10045 and firstly sustaining it below should be carefully watched because next supports are much below it at 9920

Firstly watch levels for next Trend confirmations 

Market Outlook(21-09-2017)

As intraday charts of first 45 minutes were showing some selling indications yesterday therefore we told following line at 10:00 AM in "Post-open Outlook(20-09-2017)":-

finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Today all the Global markets markets will firstly react on FOMC yesterday night announcements therefore Intra Day Chart Analysis is not being updated and repeating same view of firstly watching sustaining beyond 10130-10179 for next Trend confirmations. 

Post-open Outlook(20-09-2017)

Although positve zone trading since today opening but intraday charts of first 45 minutes are showing some selling indications also therefore view will be cautious and finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Finally rally continuation above life time highest

Intra Day Chart Analysis & Market Outlook

(20-09-2017)

Nifty-Intra Day Chart (19-Sep-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation Patterns formation between 10130-10049 
2- Minor selling Patterns formation at higher levels 
3- Whole day actual trading between 10130-10164

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Finally rally continuation after follow up consolidation":-

some follow up consolidation is firstly required within today trading range tomorrow.

Whole day actual trading was between 10132-10171 yesterday and almost whole day today trading was also within yesterday trading range with lower levels good consolidation Patterns formation therefore expected that finally rally will remain continued above life time highest(10178.95) but follow up consolidation is also firstly required because some selling was also seen at higher levels in both previous sessions.

Finally rally continuation after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(19-09-2017)

Nifty-Intra Day Chart (18-Sep-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10147-10171
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Minor selling at higher levels
5- Last hour Down moves in Bullish Falling Channel
6- Whole day actual trading between 10132-10171

Conclusions from intra day chart analysis 

Firstly gap up opening with new life time high formation in first minute today and after that whole day sideways trading with  Mixed Patterns formation between 10147-10171 therefore some follow up consolidation is firstly required within today trading range tomorrow.

As sufficiently good consolidation despite minor selling therefore expected that finally on going rally will remain continued after follow up consolidation and cooling down of heated sentiment.

As not feeling well therefore Stock Market Outlook of today(18-09-2017) is not being updated.