Bearish view

Intra Day Chart Analysis & Market Outlook

(01-03-2018)

Nifty-Intra Day Chart (28-Feb-2018):-

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Technical Patterns formation in today intraday charts

1- Selling between 10490-10508
2- Up moves in Bearish Rising Channel
3- volatility in last hours
4- Whole day actual trading between 10462-10535

Conclusions from intra day chart analysis 

As crashing like situation in all Global markets therefore huge gap down opening and intraday selling patterns formations also therefore view will be Bearish.

Good news of India replaces China as world's fastest growing economy after GDP growth at 7.2% in Q3 therefore volatility may remain high tomorrow also but until Nifty will not sustain above today highest till then decisive up moves will not be seen.

Firstly watch levels for the life of
Pull Back Rally

Intra Day Chart Analysis & Market Outlook

(28-02-2018)

Nifty-Intra Day Chart (27-Feb-2018):-

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Technical Patterns formation in today intraday charts

1- Sharp down in first hour
2- More than 5 hours trading with Mixed Patterns formation between 10538-10578 
3- Whole day actual trading between 10538-10631

Conclusions from intra day chart analysis 

Following line was told on 18-02-2018 in "Firstly watch levels for next week big moves confirmations":-

valid break out of 10399-10637 should also be watched in next week for big moves confirmations.

Importance of 10399-10637 was repeated 2 times also in previous sessions outlooks and Nifty retraced from 10631.65 today which is first signal of previous week started Pull Back Rally completion.

As more than 5 hours trading with Mixed Patterns formation between 10538-10578 today therefore firstly sustaining it beyond should be watched in the coming sessions for the life of Pull Back Rally. 

Pull Back Rally continuation towards next resistances

Intra Day Chart Analysis & Market Outlook

(27-02-2018)

Nifty-Intra Day Chart (26-Feb-2018):-

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Technical Patterns formation in today intraday charts

1- Up moves with intraday corrections
2- Consolidation between 10557-10578
3- Minor profit booking at higher levels
4- Whole day actual trading between 10521-10592

Conclusions from intra day chart analysis 

Although minor profit booking at higher levels but good consolidation at lower levels also therefore on going Pull Back Rally continuation is expected towards following next resistances:- 

1- 10598-10637
2- 10664-10700
3- 10703-10736(Gap resistance)

Watch levels for next trend confirmations amid Pull Back Rally continuation expectations

Intra Day Chart Analysis & Market Outlook

(26-02-2018)

Nifty-Intra Day Chart (23-Feb-2018):-

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Technical Patterns formation in today intraday charts

1- Up moves with intraday corrections
2- More than last 3 hours slow up moves
3- Whole day actual trading between 10397-10499

Conclusions from intra day chart analysis 

Following line was told in previous outlook on 21-02-2018 in "Emergence of Pull Back Rally possibility":-

emergence of Pull Back Rally possibility in the coming sessions but follow up consolidation is must for sustaining above 10429

As good follow up consolidation on 22-02-2018 therefore strong rally was seen on 23-02-2018 through up moves with intraday corrections but last hours up moves were slow therefore some more consolidation is firstly required near about last Friday highest(10499) for rally continuation.

It is clear that last Friday strong up moves were after 2 previous sessions good intraday consolidation between 10343-10376 therefore until complete selling will not develop till then decisive down moves will not be seen below 10343 and following next trend will be seen after valid break out of last 12 sessions trading range(10399-10637)

1- Below 10399 will mean correction continuation towards next supports(10343-10376 and 10277-10372)
2- Above 10612 first will mean strong signal of correction completion.

Just watch above levels for next trend confirmations amid Pull Back Rally continuation expectations in the beginning of next week.