As busy therefore Stock Market Outlook of today(19-01-2018) is not being updated.
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Rally continuation Expectations
Intra Day Chart Analysis & Market Outlook
(18-01-2018)
Nifty-Intra Day Chart (17-Jan-2018):-
Just click on chart for its enlarged view |
Technical Patterns formation in today intraday charts
1- Supports at lower level
1- Consolidation between 10716-10760
3- Whole day actual trading between 10667-10803
Conclusions from intra day chart analysis
Following lines were told yesterday in "Just Watch Crucial Levels for next decisive moves confirmations":-
As lower levels conolidation and higher levels selling in last 2 sessions between 10688-10782 therefore Nifty has to prepare for next decisive moves within and near about this crucial range
Nifty consolidated more than 4 hours within mentioned range between 10716-10760 and closed at life timed highest therefore rally continuation will be seen because no selling patterns formations today.
Just Watch Crucial Levels for next decisive moves confirmations
Intra Day Chart Analysis & Market Outlook
(17-01-2018)
Nifty-Intra Day Chart (16-Jan-2018):-
Just click on chart for its enlarged view |
1- Selling between 10739-10762
2- Selling between 10737-10747
3- Down moves in Bullish Falling Channel in last 2 hours
4- Whole day actual trading between 10688-10762
Conclusions from intra day chart analysis
Although strong closing after whole day positive zone trading yesterday but we cautioned and told following lines in "Levels will confirm next decisive moves":-
sustaining below today lowest will mean Short term correction beginning which should be firstly watched tomorrow.
Although today closing was below yesterday lowest after higher levels selling but consolidation was also seen in last 2 hours through Down moves in Bullish Falling Channel therefore today trading will be understood with Mixed patterns formations.
As lower levels conolidation and higher levels selling in last 2 sessions between 10688-10782 therefore Nifty has to prepare for next decisive moves within and near about this crucial range and finally sustaining it beyond should be watched in the coming sessions for Short term correction beginning or on going rally continuation.
Levels will confirm next decisive moves
Intra Day Chart Analysis & Market Outlook
(16-01-2018)
Nifty-Intra Day Chart (15-Jan-2018):-
Just click on chart for its enlarged view |
1- Up moves in Bearish Rising Channel
2- Down moves in Bullish Falling Channel
3- Minor selling in last hour
4- Whole day actual trading between 10714-10782
Conclusions from intra day chart analysis
Although whole day positive zone trading after gap up opening and strong closing as well but both consolidation and selling patterns formations also therefore firstly market has to prepare for next decisive moves within and near about today trading range and finally sustaining beyond will confirm Short term correction below 10714 and on going rally continuation above 10782.
As Short term indicators are over bought and some selling also seen today therefore follow selling and sustaining below today lowest will mean Short term correction beginning which should be firstly watched tomorrow.
Rally Continuation
Intra Day Chart Analysis & Market Outlook
(14-01-2018)
Nifty-Intra Day Chart (13-Jan-2018):-
Just click on chart for its enlarged view |
1- Mixed Patterns formation between 10672-10690
2- Up moves with intraday corrections
3- Whole day actual trading between 10598-10690
Conclusions from intra day chart analysis
Following lines were told on 11-01-2018 in "Rally continuation expectations after follow up consolidation":-
1- firstly follow up consolidation is required within or near about today trading range
2- then finally rally continuation will be expected
As there was some selling in first 4 sessions of previous week therefore we continuously daily told for the requirement of follow up consolidation and it was seen last Friday through slipping towards the lowest of previous week and consolidating.
Although first 3 hours trading with Mixed Patterns formation but last 3 hours consolidation through Up moves with intraday corrections last Friday therefore rally continuation will be expected and until complete fresh selling will not develop till then decisive down moves will not be seen despite over bought Short term indicators.
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