Rally continuation towards next strong resistances

Intra Day Chart Analysis & Market Outlook

(13-10-2017)

Nifty-Intra Day Chart (12-Oct-2017):-

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Technical Patterns formation in today intraday charts

1- More than 4 hours consolidation between 10008-10036
2- Up moves with intraday corrections
3- Whole day actual trading between 9978-10104

Conclusions from intra day chart analysis 

Firstly more than 4 hours consolidation and after that strong rally as well as no intraday selling patterns formations therefore on going rally continuation is expected towards next strong resistances(10140-10171) in the coming sessions.

Firstly watch levels for deeper  correction confirmations

Intra Day Chart Analysis & Market Outlook

(12-10-2017)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- 4 hours selling between 10048-10057
2- Sharp down moves in last hours
3- Whole day actual trading between 9956-10057

Conclusions from intra day chart analysis

Following lines were told in both the previous sessions outlooks:-

1- Short Term correction beginning expectations in the coming 1/2 sessions
2- emergence of Short Term correction beginning expectations
3- sustaining beyond 9960-10034 should be watched for next decisive moves confirmations.

Short Term correction was told and it was seen today through 101 points slipping from higher levels.

As 4 hours selling between 10048-10057 therefore it will be immediate resistance of Nifty and until Nifty will not sustain above 10057 after complete consolidation till then decisive up moves will not be seen and follow up selling  with sustaining below 9960 will mean emergence of deeper correction possibility which should be firstly watched in the coming seesions.

Levels will confirm for next decisive moves 

Intra Day Chart Analysis & Market Outlook

(11-10-2017)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Volatility in first 3 hours
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Volatility in last 3 hours
5- Whole day actual trading between 10003-10034

Conclusions from intra day chart analysis 

Whole day sideways trading within 31 points with only intraday volatility and both consolidation and distribution patterns formations therefore no definite conclusion can be formed from only today intraday patterns formations and sustaining beyond 9960-10034 should be watched for next decisive moves confirmations.

As Short Term indicators have turned overbought and some intraday selling patterns formations yesterday therefore emergence of Short Term correction beginning expectations and once follow up clear selling in the coming sessions with sustaining below 9960 will mean deeper correction. 

As rally is on and no confirmation of its completion yet therefore view will be cautious and above mentioned levels will confirm next decisive moves.

Emergence of Short Term correction beginning expectations

Intra Day Chart Analysis & Market Outlook

(10-10-2017)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling Patterns formation between 10000-10015
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 9960-10015

Conclusions from intra day chart analysis 

As suficiently good selling patterns formations today therefore emergence of Short Term correction beginning expectations in the coming 1/2 sessions despite Green closing today after most time positive zone trading,