Firstly watch 3 most crucial levels for next up Trend beginning confirmations

Technical Analysis,Research & Weekly Outlook

(Sep 16 to Sep 20,2019)

Nifty-Last 29 Sessions intraday charts analysis

Nifty-Intra Day Chart (Jul 31 to Sep 13,2019):-

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Technical Patterns formation in last 29 Sessions intraday charts

1- Last 29 Sessions trading with lower levels supports,higher levels selling and mixed Patterns formation  
2- 29 Sessions actual trading between 10638-11181 

Conclusions from 29 Sessions intra day chart analysis 

Nifty is trading and preparing for next big moves for the last 29 sessions between 10638-11181. Although Nifty closed at the top of week last Friday but still following resistances are lying within last 29 sessions trading range:- 

1- 11100-11141
2- 11147-11181

Follow up consolidation and finally sustaining above 11181 will mean minimum 5% sharp up moves which should be firstly watched in the beginning of next week.

Next supports below last Friday closing and within last 29 sessions trading range are as follows:-

1- 10946-10992
2- 10868-10904
3- 10817-10861 
4- 10747-10805

Nifty-Intra Day Chart Analysis(13-09-2019)

Nifty-Intra Day Chart (13-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- More than 3 hours consolidation between 10946-10992(Immediate Supports)
2- Last 2 hours up moves with intraday corrections.
3- Whole day actual trading between 10946-11084

Conclusions from intra day chart analysis 

As firstly more than 3 hours good consolidation therefore up moves with intraday corrections were seen in 2 hours and no selling patterns formations hence up moves continuation is expected towards next resistances(11100-11141).

Conclusions (After Putting All Studies Together)

As no material change on EOD charts in previous week therefore EOD charts Analysis is not being updated and same view on it which was posted in previous weekly Analysis

Long and Intermediate Term Trends are down and Short Term Trend is sideways between 10638-11181 for the last 29 sessions. 

Although finally sustaining beyond last 29 sessions trading range will produce big moves but firstly sustaining beyond immediate resistance range(11100-11141) should be watched in the beginning of next week because Short Term indicators have also turned over bought and Short Term correction can not be ruled out any day in next week. 

As follow up consolidation and finally sustaining above 11141 will produce first signal of 29 sessions trading range break out but Intermediate Term Trend will turn up after sustaining above 11181 and Long Term Trend will be up after moving above its decider 200-Day SMA(today at 11222). 

As previous week closing was at the highest of the week therefore firstly watch above 3 most crucial levels(11141,11181,11222) for next up Trend beginning confirmations. 

Firstly watch level for more than 100 points down moves confirmations

Intra Day Chart Analysis & Market Outlook

(13-09-2019)

Nifty-Intra Day Chart (12-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Selling between 11039-11081
2- Slow down moves in last 2 hours
3- Whole day actual trading between 10965-11081 

Conclusions from intra day chart analysis 

Although Green closing yesterday but we told following lines at 10:55 PM yesterday in "Emergence of Short Term down moves possibility":- 

"higher levels selling patterns formations therefore emergence of Short Term down moves possibility"

We told for down moves under that Bullish sentiments when:-

1-Dow Jones was trading more than 125 points plus yesterday.
2-DAX(of Germany) closed 90 points up at 9 PM yesterday. 
3-FTSE(of England) closed 70 points up at 9 PM yesterday.
4-CAC 40(of France) closed 90 points up at 9 PM yesterday.
5-DIIs were net buyers in Equity cash by Rs 1132.42 Crores yesterday. 
6-FIIs were net buyers in all sections(Equity cash,Index Futures and Index Futures) 

Although all the Business Channels were also Bullish today morning but we were Bearish because:-

1- Higher levels selling patterns formations yesterday.
2- Selling was seen above 10990 last Monday also.

As all the Global markets were Bullish before Indian markets opening therefore firstly up moves were seen after positive opening but follow up selling developed ta higher levels therefore Nifty closed below 10990 today because selling was seen above it in the last 2 Green closing sessions.

Although today closing was near the lower levels of the day but last 2 hours down moves were slow therefore some buying can not be ruled out and firstly follow up moves with following levels should be watched for next decisive moves confirmations:-

1- Last 3 sessions selling was between 10990-11081 and until Nifty will not sustain above 11081 after complete consolidation till then next up moves will not be seen.
2- Immediate supports below today lowest are between 10868-10904

Although Nifty will firstly trade and prepare for next decisive moves between 10868-11081 but sustaining below 10990 will be strong indication of slipping below 10868 therefore should be firstly tomorrow for this more than 100 points down moves confirmations because Nifty has closed below it also today. 

Emergence of Short Term down moves possibility

Intra Day Chart Analysis & Market Outlook

(12-09-2019)

Nifty-Intra Day Chart (11-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Selling between 11036-11054
2- Whole day actual trading between 11012-11054

Conclusions from intra day chart analysis 

As most Asian markets were Bullish and 2 were more than 1% up today morning therefore Green closing after whole day positive zone trading but higher levels selling patterns formations therefore emergence of Short Term down moves possibility.

As selling was seen above 10990 last Monday therefore once sustaining below it will mean sharp down moves.

Levels will confirm next moves

Intra Day Chart Analysis & Market Outlook

(11-09-2019)

Nifty-Intra Day Chart (09-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Sharp up after weaker opening 
2- More than 4 hours Up moves in Bearish Rising Channel
3- Slipping from higher levels
4- Last Hour trading with Mixed Patterns formation
5- Whole day actual trading between 10890-11028

Conclusions from intra day chart analysis 

As good consolidation between 10868-10904 on 06-09-2019 therefore not slipping below it after weaker opening and sharp up moves were seen after getting supports within it last Monday. 

Nifty traded more than 4 hours with Up moves in Bearish Rising Channel which is first indication of fresh selling therefore Nifty slipped from higher levels but last Hour trading was with Mixed Patterns formations also hence more than 5 hours trading of last Monday will be understood with Mixed Patterns formation between 10967-11028 and firstly valid break out of this range should be watched tomorrow for:-

1- Above 11028 will mean up moves continuation towards next resistances between 11100-11141
2- Below 10967 will mean fresh down moves beginning towards next supports between 10868-10904