Strong rally after honouring given Levels

Intra Day Chart Analysis & Market Outlook

(15-12-2017)

Nifty-Intra Day Chart (14-Dec-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 10142-10186
2- Sharp up in last hour
3- Whole day actual trading between 10142-10276

Conclusions from intra day chart analysis 

Following lines were told in previous 2 sessions outlooks:-

The Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-

1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146

If finally Nifty sustains above today lowest(10169.85) tomorrow then strong rally will be seen in the next 2/3 sessions.

Nifty got support just below 61.8%(10146) at 10141.55 today and closed above yesterday lowest(10169.85) as well as strong rally was seen in last hour today. As market honoured above given levels therefore same following conclusive view which was updated yesterday in "Level will confirm strong rally":-

Strong rally will be seen in the next 2/3 sessions.

Level will confirm strong rally

Intra Day Chart Analysis & Market Outlook

(14-12-2017)

Nifty-Intra Day Chart (13-Dec-2017):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10214-10245
2- Mixed Patterns formation between 10275-10296 
3- Mixed Patterns formation between 10170-10218 
4- Whole day actual trading between 10170-10296

Conclusions from intra day chart analysis 

As high intraday volatility with whole day Mixed Patterns formation therefore no conclusion can be formed only from today patterns formations. 

Following lines were told yesterday in "Firstly watch levels for today started correction completion" and being repeated for today conclusion also:-

he Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-

1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146

If finally Nifty sustains above today lowest(10169.85) tomorrow then strong rally will be seen in the next 2/3 sessions.

Firstly watch levels for today started correction completion

Intra Day Chart Analysis & Market Outlook

(13-12-2017)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10284-10300
2- Selling between 10256-10282
3- Whole day actual trading between 10231-10300

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Rally after follow up consolidation":-

1- Expected that rally will remain continued but
2- follow up consolidation is must 
3- Very Short Correction also can not be ruled out 

Very Short Correction was told and it was seen today and follow up consolidation could not develop as well as today closing was near the lower levels of the day after fresh selling. 

The Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-

1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146

Firstly above levels should be watched for today started correction completion.

Rally after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(12-12-2017)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10309-10322
2- Consolidation between 10283-10301
3- Mixed Patterns formation between 10312-10329 
4- Whole day actual trading between 10283-10329

Conclusions from intra day chart analysis 

Rally is on and whole day positive zone today trading with lower levels consolidation but higher levels trading also with Mixed Patterns formation as well as following resistances above today highest therefore firstly Nifty has to consolidate for decisive up moves:- 

1- 10340-10364
2- 10383-10402
3- 10440-10482

Expected that rally will remain continued but follow up consolidation is must and Very Short Correction also can not be ruled out because Very Short Term indicators have also turned overbought and above resistances are also lying.

As I was out of station therefore Stock Market Outlook of today(11-12-2017) is not being updated.