Up moves continuation 

towards 16384

Nifty-Intra Day Chart Analysis & 

Market Outlook(27-05-2022)

Nifty-Intra Day Chart (26-May-2022):-

Technical Patterns formation in today intraday charts

1- Down moves from 16131 after 105 gains

2- Consolidation between 15904-15971

3- Up moves with downward corrections

4- Whole day actual trading between 15904-16204

Conclusions from intra day chart analysis 

Following lines were told on 25-05-2022 in "Firstly some up moves expectations and finally watch today lowest also":-

1- some up moves can not be ruled out towards 16118

2- finally sustaining beyond today lowest(16007) should be watched

As was told 100% same happened and:- 

1- Firstly up moves were seen towards 16118 and down moves started from 16131 after 105 gains.

2- Nifty slipped below 16007 but could not sustain below it and strong rally started.

Although firstly strong opening and traded with 105 gains but could not sustain and down moves started because there was yesterday selling above it. As good consolidation at lower levels between 15904-15971 therefore could not sustain at lower levels and up moves begun with downward corrections hence remained continued till last minutes.

As lower levels good consolidation and after that up moves were with downward corrections therefore up moves will remained continued and sustaining above 16232 will confirm strong rally towards 16384.

 Firstly some up moves expectations and finally watch today lowest also 

Nifty-Intra Day Chart Analysis & 

Market Outlook(26-05-2022)

Nifty-Intra Day Chart (25-May-2022):-

Technical Patterns formation in today intraday charts

1- Selling between 16192-16223

2- Sharp fall

3- Selling between 16118-16170

4- Sharp fall

5- Down moves in Bullish Falling Channels

6- Double bottom supports at lower levels

7- Whole day actual trading between 16007-16223

Conclusions from intra day chart analysis 

Although firstly some up moves after strong opening but higher levels selling developed therefore sharp fall was seen after that and again follow up selling and sharp fall in Mid-session also. 

As lower levels some consolidation also in last hours through Down moves in Bullish Falling Channels therefore some up moves can not be ruled out towards 16118 because double bottom supports was also seen at lower levels. As higher levels today and previous sessions good selling also therefore finally sustaining beyond today lowest(16007) should be watched because follow up selling and sustaining below today lowest(16007) will confirm correction towards 15800.

 As busy therefore Stock Market Outlook of today(25-05-2022) is not being updated.

 Watch 16324-16414 amid 

Global markets High volatility

Nifty-Intra Day Chart Analysis & 

Market Outlook(24-05-2022)

Nifty-Intra Day Chart (23-May-2022):-

Technical Patterns formation in today intraday charts

1- Volatility in first hour

2- Selling between 16324-16414

3- Sharp fall

4- Whole day actual trading between 16186-16414

Conclusions from intra day chart analysis 

Following lines were told for 16404 on 14-05-2022 in "Most crucial level will confirm next one sided big moves":-

let nifty to sustain above 5th resistance top(16404) then decisive up moves will be seen

Following lines were told for 16404 on 21-05-2022 in " Levels will confirm next trend amid Geo-Political tension led high volatility":-

1- 15736-16404(For first signal)

Importance of 16404 was told several times in previous Outlooks also and:-

1- Nifty crashed 624 points after forming high at 16399.80 on 18-05-2022

2- Nifty could not sustain above 16404 today also and slipped 228 points after forming top at 16414.70.

Although strong up moves after positive opening but firstly volatility and after that higher levels good selling therefore sharp falls were seen after 01:30 PM. 

As Geo-Political tension led high volatility in Global markets and Dow Jones is now trading more than 600 points up therefore firstly sustaining beyond today selling range(16324-16414) should be watched tomorrow for decisive up moves beginning above 16414 and sustaining below 16324 will mean decisive down moves beginning towards 15736.