Pull Back rally towards and above 10100 in next week

Intra Day Chart Analysis & Market Outlook

(26-03-2018)

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

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 9962-10002
2- Consolidation between 9977-9987
3- All the down moves in Bullish Falling Channels
4- Whole day actual trading between 9952-10027

Conclusions from intra day chart analysis 

Although 1.15% negative closing after huge gap down opening and whole day deep Red trading last Friday but view is Bullish and Pull Back rally is expected towards and above 10100 in next week despite Dow Jones yesterday closing after loosing 424.69 points and SGX Nifty closing at 9916.50 after the loss of 75 points because:-

1- Good consolidation patterns formations in Indian markets.
2- Nifty out performed most Global markets and lost only 1.15% points while most Globl markets closed after loosing more than 2% points.

Correction continuation towards and below 10000 

Intra Day Chart Analysis & Market Outlook

(23-03-2018)

Nifty-Intra Day Chart (22-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- 60 Points jump after flat opening
2- Selling between 10177-10207
3- Selling between 10142-10164
4- Volatility in last 2 hours
5- Whole day actual trading between 10105-10207

Conclusions from intra day chart analysis 

Pull Back rally continuation was told yesterday and 60 Points jump was seen immediate after opening today despite weaker most Global markets but selling developed at higher levels therefore whole day slipping and closing at lower levels of the day. 

As follow up selling in Mid-session and volatility in last 2 hours which is also selling signal therefore following same view which was updated on 19-03-2018 in "Finally correction continuation towards and below 10000 amid only a Pull Back rally possibility ":- 

finally on going correction continuation towards and below 10000 

Pull Back rally continuation

Intra Day Chart Analysis & Market Outlook

(22-03-2018)

Nifty-Intra Day Chart (21-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Sharp up after gap up opening
2- Down moves in Bullish Falling Channel 
3- Whole day actual trading between 10133-10227

Conclusions from intra day chart analysis 

Although whole day slipping after gap up strong opening but Down moves were in Bullish Falling Channels therefore still Pull Back rally continuation is expected despite today closing near the lower levels of the day.

Today started Pull Back rally continuation expectations

Intra Day Chart Analysis & Market Outlook

(21-03-2018)

Nifty-Intra Day Chart (20-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Recovery from lower levels
2- Consolidation between 10092-10155
3- Whole day actual trading between 10050-10155

Conclusions from intra day chart analysis 

Although most depressed sentiment today morning due to weakness in most of the Global markets but firstly recovery from lower levels after weak opening and more than 4 hours consolidation therefore today started Pull Back rally continuation is expected tomorrow. 

As all the Asian markets will react on FOMC announcements on Thursday therefore intraday charts patterns formations of tomorrow will confirm post FOMC decisive moves which should also be firsly watched tomorrow for the strength of today started Pull Back rally. 

Finally correction continuation towards and below 10000 amid only a Pull Back rally possibility 

Intra Day Chart Analysis & Market Outlook

(20-03-2018)

Nifty-Intra Day Chart (19-Mar-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Whole day selling with intraday corrections
2- Whole day actual trading between 10076-10224

Conclusions from intra day chart analysis 

Although today lowest formations at 10075.30 but following topics are live proofs of this fact that we are continuously telling for such deepeer this level correction from 28-01-2018:-  

1- Following lines were told 4 days before Budget 2018-19 on 28-01-2018 in "11413.85 will confirm Rally continuation or 5 Waves Correction after Budget":-

1- firstly sustaining beyond 11413.85 should be watched in the coming weeks after Budget 
2- sustaining below it will mean 5 waves correction of whole rally from 2252.75 to any highest below 11413.85.

2- Following lines were told on 06-02-2018 in "Watch psychological level amid correction continuation expectations":-

Correction is on and its continuation is expected. As 13.0% retracement level(10,011) and 3rd supports range(10040-10175) are just above psychological of 10000 therefore firstly sustaining beyond 10000 should be watched in the coming weeks for the life of on going correction.

3- Following lines were told on 06-03-2018 in "Correction continuation is expected towards 10000":-

correction continuation is expected towards 10000

4- Following lines were told on 11-03-2018 in "Watch Levels amid correction continuation expectations":-

correction continuation towards and below 10000

As whole day selling with intraday corrections today also therefore same view of finally on going correction continuation towards and below 10000 but Very Short Term indicators have turned oversold thereforeonly a Pull Back rally may be seen any day.

(Just click above topic links and understand complete analysis)

As out of station therefore Stock Market Outlook of today(19-03-2018) is not being updated