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Minimum 10% rally after huge victory of BJP & NDA
Technical Analysis,Research & Weekly Outlook
(May 27 to May 31,2019)
Nifty-EOD Chart Analysis(Waves structure)
Nifty-EOD Chart (24-May-2019):-
Just click on chart for its enlarged view
Nifty-EOD Chart Analysis(Gap support)

Nifty-EOD Chart (24-May-2019):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 beginning from 6825.80 on 29-02-2016 after 1 financial year(2015-16) correction completion.
2- Corrective  Wave 2 beginning after Wave 1 completion at 8968.70 on 07-09-2016
3- Impulsive Wave 3 beginning after Corrective Wave-2 completion at 7893.80 on 26-12-2016
4- Corrective  Wave 4 beginning after Wave 3 completion at 11760.20 on 28-08-2018 
5- Impulsive Wave 5 beginning after Corrective Wave-4 completion at 10004.55 on 26-10-2018
6- Impulsive Wave-5 continuation with new life time top formation at 12041.10 on 23-05-2019
7- Last 5 Sessions sideways trading between 11602-12041 
8- Strong 165 points gap support formations between 11426-11591 on 20-05-2019

Nifty-Previous 6 Sessions intraday charts analysis
Nifty-Intra Day Chart (May 17 to May 24,2019):-
Just click on chart for its enlarged view
Technical Patterns formation in last 6 Sessions intraday charts
1- Strong 165 points gap support formations between 11426-11591 on 20-05-2019
1- Whole day up moves with intraday corrections on 20-05-2019
2- Mixed Patterns formation between 11815-11883 on 21-05-2019
3- Consolidation and volatility on 22-05-2019
4- All the Down moves in Bullish Falling Channels on 23-05-2019
5- Whole day up moves with intraday corrections on 24-05-2019
6- 5 Sessions actual trading between 11600-12041 

Nifty-Intra Day Chart Analysis(24-05-2019)
Nifty-Intra Day Chart (24-May-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Whole day up moves with intraday corrections
3- Whole day actual trading between 11659-11859

Conclusions from EOD chart analysis 

1- Long Term Trend is up
2- Intermediate Term Trend is up
3- Short Term Trend is sideways between 11602-12041 for the last 5 Sessions

Rally is very much on and no signal of its completion yet because selling patterns have not developed yet on intraday and daily charts. 

As huge 165 points gap formed between 11426-11591 on 20-05-2019 therefore this range will be immediate strong support of Nifty.

Conclusions from 6 Sessions intra day chart analysis 

As Modi ji's strong Govt possibility emerged in Exit polls on 19-05-2019 therefore strong 165 points gap(11426-11591) up opening on 20-05-2019 and whole week sustaining above 11426 means that this gap will not be easily filled up and strong rally will remain continued above it.

Although Mixed Patterns formation between 11815-11883 on 21-05-2019 and previous week closing between it at 11844.10 but good consolidation between 11600-12041 in previous week therefore finally rally continuation above 12041 is expected in the coming weeks. 

Conclusions from intra day chart analysis 

Although firstly slipping after strong opening but down moves were in Bullish Falling Channels therefore upmoves started and closing was near the higher levels of the day. 

As whole day up moves were with continuous intraday corrections and no intraday selling patterns formation therefore on going rally continuation is expected in the coming sessions.

Conclusions (After Putting All Studies Together)

We are not telling only today for "Minimum 10% rally after huge victory of BJP & NDA" but we predicted this line again and again from 13-04-2019, its live proofs are as follows:-

Following lines were told on 13-04-2019 in "Minimum 10% rally after more than 350 seats victory of NDA on 23-05-2019":-

we are expecting more than 350 seats victory for NDA and resultant minimum 10% rally will be seen after Election results declaration day(23-05-2019) but fresh rally will begin before this date also.

(Just click at above topic link and go through whole topic)

Above topic of 350 seats victory for NDA predictions was posted in Weekly English and Gujarati Financial News Papers "THE ECONOMIC REVOLUTION(15-04-2019 TO 21-04-2019" also. For live proofs pictures of above topic as also being posted as follows:-

1- English News Paper:-
Just click on chart for its enlarged view
2- Gujarati News Paper:-
Just click on chart for its enlarged view

As was told 100% same happened and NDA won 353 on 23-05-2019 as well as fresh rally begun before this date on 21-05-2019 with new life time highest formation at 11883.50.

As heavy rigging and violence by TMC in West Bengal during elections therefore we reduced a little our election results projections for NDA and told following lines on 18-05-2019 in "Rally above life time high after Modi ji strong victory on 23-05-2019":-

It is confirm that fresh rally above life time highest will be seen in the coming weeks because as per our own analysis Modi ji strong victory with following results will be seen on 23-05-2019:-

1- BJP will win more than 290 seats.
2- NDA will win more than 340 seats.

(Just click at above topic link and go through whole topic)

Above topic with 290 seats victory for BJP and 340 seats victory for NDA predictions was posted in Weekly English and Gujarati Financial news papers "THE ECONOMIC REVOLUTION(20-05-2019 TO 24-05-2019" also. For live proofs pictures of above topic as also being posted as follows:-

1- English News Paper
Just click on chart for its enlarged view
Just click on chart for its enlarged view
2- Gujarati News Paper
Just click on chart for its enlarged view
Just click on chart for its enlarged view
Long and Intermediate Term Trends are up but Short Term Trend has turned sideways between 11602-12041 for the last 5 Sessions after Exit Pools and Parliamentary Election results. As sentiment has turned heated due to big victory of BJP and NDA therefore Indian markets will firstly remain sideways for cooling down and prepare for more than 10% rally. 

Expected that finally 10% rally will begin and remain continued above 12000 after follow up consolidation in the coming sessions/weeks.   
Posted by at
Finally fresh rally above 12000 after follow up consolidation
Intra Day Chart Analysis & Market Outlook
(24-05-2019)
Nifty-Intra Day Chart (23-May-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Sharp up after Green opening
2- All the Down moves in Bullish Falling Channels
3- Whole day actual trading between 11615-12041

Conclusions from intra day chart analysis 

Following lines were told at 02:06 PM on 18-05-2019 in "Rally above life time high after Modi ji strong victory on 23-05-2019" and repeated 2 times also in this week:-

It is confirm that fresh rally above life time highest will be seen in the coming weeks because as per our own analysis Modi ji strong victory with following results will be seen on 23-05-2019:-

It is confirm that fresh rally above life time highest will be seen in the coming weeks because as per our own analysis Modi ji strong victory with following results will be seen on 23-05-2019:-

1- BJP will win more than 290 seats.
2- NDA will win more than 340 seats.

As steep fall in Dow Jones's Futures and in most Asian and European markets started therefore sharp down moves begun in indian markets also but all the Down moves were in Bullish Falling Channels hence expected that finally fresh rally above 12000 will be seen after follow up consolidation in the coming sessions.
Posted by at
Finally Rally after Election results declaration led high volatility 
Intra Day Chart Analysis & Market Outlook
(23-05-2019)
Nifty-Intra Day Chart (22-May-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation between 11707-11747
3- Intraday volatility
4- Whole day actual trading between 11683-11684

Conclusions from intra day chart analysis 

As whole day good consolidation and no selling patterns formations therefore on going rally continuation is expected after yesterday started Very Short Term correction completion today. 

Following lines were told at 02:06 PM on 18-05-2019 in "Rally above life time high after Modi ji strong victory on 23-05-2019":-

Following lines were told at 02:06 PM on 18-05-2019 in "Rally above life time high after Modi ji strong victory on 23-05-2019":-

It is confirm that fresh rally above life time highest will be seen in the coming weeks because as per our own analysis Modi ji strong victory with following results will be seen on 23-05-2019:-

1- BJP will win more than 290 seats.
2- NDA will win more than 340 seats.

Nifty moved above life time high yesterday and formed new life time high at 11883.50 before slipping but above mentioned projections are confirm and finally strong rally will remain continued. 

It should also be kept in mind that tomorrow is Election results declaration day and intraday volatility will be high which will be guided according to stable Govt formations possibility under Modi ji leadership therefore remin cautious also tomorrow.
Posted by at
Rally continuation after 1/2 sessions follow up consolidation
Intra Day Chart Analysis & Market Outlook
(22-05-2019)
Nifty-Intra Day Chart (21-May-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts

1- More than 3 hours sideways trading with Mixed Patterns formation between 11815-11883
2- All the Down moves in Bullish Falling Channels
3- Whole day actual trading between 11683-11883

Conclusions from intra day chart analysis 

As strong possibility of BJP victory emerged after Exit Polls declaration on 19-05-2019 therefore strong 3.69% rally was seen on 20-05-2019. Resultant Very Short Term indicators have turned overbought and sentiment was heated therefore following lines were told yesterday in "Finally rally above life time highest":-

"only a Very Short Term correction is expected which may be sideways also"

Although 200 points slipping from higher levels and today closing at lower levels of the day but view will not be Bearish because:- 

1- Firstly more than 3 hours sideways trading with Mixed Patterns formation and genuine selling patterns were not seen.
2- All the last hour Down moves were in Bullish Falling Channels.

As consolidation patterns formations also today therefore same view of rally continuation after 1/2 sessions follow up consolidation.
Posted by at
Finally rally above life time highest 
Intra Day Chart Analysis & Market Outlook
(21-05-2019)
Nifty-Intra Day Chart (20-May-2019):-
Just click on chart for its enlarged view
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Whole day up moves with intraday corrections
3- Whole day actual trading between 11592-11845

Conclusions from intra day chart analysis 

Following lines were told at 02:06 PM on 18-05-2019 in "Rally above life time high after Modi ji strong victory on 23-05-2019":-

It is confirm that fresh rally above life time highest will be seen in the coming weeks because as per our own analysis Modi ji strong victory with following results will be seen on 23-05-2019:-

 1- BJP will win more than 290 seats.
2- NDA will win more than 340 seats.

As was told 100% same happened and Nifty closed at life time highest today after gap up opening and whole day up moves were seen through consolidation and intraday corrections.

As Very Short Term indicators have turned overbought after 3.69% rally therefore only a Very Short Term correction is expected which may be sideways also but finally rally above life time highest will be seen in the coming sessions.
Posted by at
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