Rally continuation Expectations

Intra Day Chart Analysis & Market Outlook

(27-10-2017)

Nifty-Intra Day Chart (26-Oct-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 10272-10291
2- Up moves with intraday corrections
3- Consolidation between 10298-10317
4- Sharp up
5- Whole day actual trading between 10272-10355

Conclusions from intra day chart analysis 

As whole day only consolidation patterns formations therefore rally continuation is expected in the coming sessions and until Nifty will not sustain below today lowest after complete fresh selling till then decisive down moves will not be seen.

As not feeling well therefore Stock Market Outlook of today(26-10-2017) is not being updated.

Rally Continuation

Intra Day Chart Analysis & Market Outlook

(25-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Sharp up after positive opening
1- Down moves in Bullish Falling Channels
3- Whole day actual trading between 10183-10237

Conclusions from intra day chart analysis 

Although sharp up after positive opening and slipping till 01:50 PM but all the Down moves were in Bullish Falling Channels therefore rally continuation is expected in the coming sessions because whole day today trading will be understood with consolidation Patterns formations.

Intra Day Chart Analysis & Market Outlook(24-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channels
1- Consolidation between 10125-10142
3- Up moves with intraday corrections
4- Whole day actual trading between 10125-10224

Conclusions from intra day chart analysis

Following lines were told yesterday in "Firstly watch crucial levels for next big moves confirmations":-

1- As selling between 10206-10251 in last 4 sessions therefore it will be immediate resistance of Nifty and immediate supports are between 10154-10166
2- Nifty will firstly trade between crucial levels(10154-10251) and finally sustaining it beyond should be watched for next big moves confirmations. 

Immediate supports were told between 10154-10166 and Nifty consolidated within and just below it today therefore these supports have strengthened today. As selling between 10206-10251 and Nifty could not sustaining within it today therefore follow up consolidation is firstly required tomorrow for fresh rally above life time highest.

same view with little change of levels that Nifty will firstly trade between crucial levels(10125-10251) and finally sustaining it beyond should be watched for next big moves confirmations. 

Firstly watch crucial levels for next big moves confirmations 

Intra Day Charts Analysis & Market Outlook

(23-10-2017)

Nifty-Intra Day Chart (Oct 18 & Oct 19,2017)

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Technical Patterns formation in last 2 Sessions intraday charts

1- First 3 hours trading with Down moves in Bullish Falling Channel on 18-10-2017
2- Last 2 sessions Selling between 10206-10236 on 18-10-2017 
3- Sharp fall during Muhurat trading session on 19-10-2017 
4- 2 Sessions actual trading between 10123-10236 

Conclusions from 2 Sessions intra day chart analysis 

Following lines were told on 17-10-2017 in "Emergence of Short Term correction expectations":-

emergence of Short Term correction expectations and valid break down of 10200 will mean deeper correction towards following next supports:-

1- 10154-10166
2- 10024-10046

Although first 3 hours trading with Down moves in Bullish Falling Channel but higher levels follow up selling was also seen on 18-10-2017 therefore sharp fall during Muhurat trading session and closing below first support range on 19-10-2017. Short Term correction expectations was told and it was seen and sustaining below first supports range(10154-10166) will mean deeper correction towards above mentioned 2nd supports range.

As selling between 10206-10251 in last 4 sessions therefore it will be immediate resistance of Nifty and immediate supports are between 10154-10166 hence Nifty will firstly trade and prepare for next decisive moves between 10154-10251. 

Expected that Nifty will firstly trade between crucial levels(10154-10251) and finally sustaining it beyond should be watched for next big moves confirmations.