As busy therefore Stock Market Outlook of today(01-12-2017) is not being updated.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Today started correction continuation towards and below next supports
Intra Day Chart Analysis & Market Outlook
(30-11-2017)
Nifty-Intra Day Chart (29-Nov-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 10372-10392
2- Whole day actual trading between 10346-10392
Conclusions from intra day chart analysis
Selling was seen yesterday and follow up selling was seen today also therefore same following view which was updated yesterday in "Down Moves towards next supports":-
down moves are expected towards following next supports:-
1- 10310-10338
2- 10268-10282
As follow up selling today therefore today started correction continuation will be seen towards and below above mentioned supports.
Down Moves towards next supports
Intra Day Chart Analysis & Market Outlook
(29-11-2017)
Nifty-Intra Day Chart (28-Nov-2017):-
1- Selling between 10388-10409
2- Sharp fall
3- Last hours selling Patterns formation between 10356-10377
4- Whole day actual trading between 10356-10409
Conclusions from intra day chart analysis
Following lines were told yesterday in "Rally continuation after follow up consolidation":-
rally continuation is expected but follow up consolidation is must
As all the Asian markets were weak therefore firstly weaker opening and fresh selling was seen in place of follow up consolidation resultant sharp fall during Mid session. In last hours selling Patterns formation therefore down moves are expected towards following next supports:-
1- 10310-10338
2- 10268-10282
Rally continuation after follow up consolidation
Intra Day Chart Analysis & Market Outlook
(28-11-2017)
Nifty-Intra Day Chart (27-Nov-2017):-
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| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Up moves were intraday corrections
3- Whole day actual trading between 10341-10407
Conclusions from intra day chart analysis
Sentiment was much depressed today morning due to following negative developments:-
1- All the Asian markets were trading in Red and some were more 0.75% down.
2- SGX Nifty was more than 40 points weak
3- Negative news of S&P keeping India rating unchanged.
When above dampening developments was today morning then we told following lines today at 08:04 AM in "Firstly Watch Levels after negative developments today morning":-
1- firstly sustaining beyond 10377 should be watched in the coming sessions
2- view will be cautious not Bearish
As good intraday consolidation today therefore today started rally continuation is expected but follow up consolidation is must because following resistances above today highest and Vert Short Term indicators have turned overbought after strong recovery from lower levels today.
1- 10428-10454
2- 10465-10483(Last resistance)
Firstly Watch Levels after negative developments today morning
Pre-open Outlook(27-11-2017)
As all the Asian markets are trading in Red today morning and S&P keeps India rating unchanged as well as this decision came after the closure of Indian markets trading hours last Friday therefore Indian markets will react these 2 negative developments through negative opening.
Nifty traded first 4 sessions of previous week between 10232-10377 and this range was broken out last Friday but weaker opening will be seen today due to above mentioned negative developments therefore firstly sustaining beyond 10377 should be watched in the coming sessions because good intraday consolidation last Friday and view will be cautious not Bearish.
Follow up consolidation will mean fresh rally above life time highest
Intra Day Chart Analysis & Market Outlook
(27-11-2017)
Nifty-Intra Day Chart (24-Nov-2017):-
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| Just click on chart for its enlarged view |
1- Consolidation between 10377-10393
2- Last hours Down moves in Bullish Falling Channel
3- Whole day actual trading between 10363-10404
Conclusions from intra day chart analysis
Following conclusive lines were told on 19-11-2017 in "Next trend confirmations from levels":-
Expected that Nifty will firstly prepare for next trend between 10232-10377 in the coming week and finally sustaining beyond this range will confirm the life of on going correcttion which should be watched for next trend confirmations.
Nifty traded first 4 sessions between 10232-10377 and finally closed above it after whole day good intraday consolidation on 24-11-2017 therefore strong signals of rally continuation towards following next resistances:-
1- 10428-10454
2- 10465-10483(Last resistance)
As above resistances therefore follow up consolidation in the beginning of next week will mean rally continuation towards and above life time highest(10490.45) and it is expected also.
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