As busy therefore Stock Market Outlook of today(05-01-2018) is not being updated.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Next trend confirmations from crucial levels
Intra Day Chart Analysis & Market Outlook
(04-01-2018)
Nifty-Intra Day Chart (03-Jan-2018):-
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| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Up moves in Bearish Rising Channel
3- Last hour consolidation between 10430-10450
4- Whole day actual trading between 10430-10503
Conclusions from intra day chart analysis
Although today closing was near the lower levels of the day after whole day slipping from higher levels but completele selling patterns were not seen and consolidation with lower levels supports also developed therefore whole day today trading will be understood with Moxed patterns formations.
As lower levels some supports and higher levels strong resistances are lying between 10406-10552 therefore firstly Nifty has to trade and prepare for next decisive moves between this crucial range and finally sustaining beyond it will form next trend which should be watched in the coming sessions for confirmations.
Firstly watch Level for the life of on going correction
Intra Day Chart Analysis & Market Outlook
(03-01-2018)
Nifty-Intra Day Chart (02-Jan-2018):-
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| Just click on chart for its enlarged view |
1- Slipping in first hour after positive opening.
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 10405-10493
Conclusions from intra day chart analysis
Following lines were told yesterday in "Correction continuation expectations towards next supports":-
1- next supports below 10427 are up to 10406
2- firstly sustaining beyond 10406 should be watched for on going correction continuation
Next supports were told up to 10406 and Nifty got support at 10404.65 before closing at 10442.20 today. As some consolidation was also seen through Down moves in Bullish Falling Channels today therefore firstly sustaining beyond 10406 should be watched in the coming sessions for the life of on going correction.
Correction continuation expectations towards next supports
Intra Day Chart Analysis & Market Outlook
(02-01-2018)
Nifty-Intra Day Chart (01-Jan-2018):-
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| Just click on chart for its enlarged view |
1- More than 5 hours selling between 10505-10537
2- Sharp fall in last hour
3- Whole day actual trading between 10423-10537
Conclusions from intra day chart analysis
Following lines were told in previous two Outlooks:-
1- Short term correction beginning may be seen any day
2- which may slip towards next supports between 10427-10458
As was told 100% same happened and Short term correction was seen on 1st Jan 2018 towards next supports(10427-10458) and closing was within it at 10435.55.
As closing was below previous 8 sessions closing and next supports below 10427 are up to 10406 therefore firstly sustaining beyond 10406 should be watched for on going correction continuation towards next supports between 10320-10350.
Correction is on and its continuation is expected towards above mentioned next supports.
Firstly watch levels amid Short Term correction expectations
Intra Day Chart Analysis & Market Outlook
(01-01-2018)
Nifty-Intra Day Chart (29-Dec-2017):-
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| Just click on chart for its enlarged view |
1- Whole day trading with Mixed Patterns formation between 10489-10538
2- Whole day actual trading between 10489-10538
Conclusions from intra day chart analysis
Following lines were told at 12:43 AM on 28-12-2017 in "Levels will confirm next Trend":-
1- More than 5 hours selling between 10532-10552
2- firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend.
3- As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for confirmations.
As good selling between 10532-10552 on 27-12-2017 therefore Nifty Could not move above 10552 and Mixed Patterns formation in both previous sessions also means same following view which was updated in previous outlook on 28-12-2017:-
Firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for that Short Term correction which may slip towards next supports between 10427-10458.
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