Finally sustaining beyond 19600

 will confirm next Trend 

Nifty-Intra Day Chart Analysis & 

Market Outlook(29-09-2023)

Nifty-Intra Day Chart (28-Sep-2023):-

Technical Patterns formation in today intraday charts

1- Whole day down moves in Bullish Falling Channels

2- Support in last hour between 19493-19556

3- Whole day actual trading between 19493-19766

Conclusions from intra day chart analysis 

Although finally up moves were expected after fresh consolidation between 19555-19730 but firstly some up moves were seen after flat opening. As after that down moves started which remained continued till last hour and today closing was also below most Crucial level at 19600.  

As intraday selling patterns were not seen and on the contrary whole day down moves were in Bullish Falling Channels and lower levels supports were also seen therefore Watchful approach will be adopted and finally sustaining beyond 19600 will be watched in the coming sessions for next Trend formation confirmations

Finally up moves after fresh consolidation

Nifty-Intra Day Chart Analysis & 

Market Outlook(28-09-2023)

Nifty-Intra Day Chart (27-Sep-2023):-

Technical Patterns formation in today intraday charts

1- Down moves in first 2 hours after negative opening

2- Consolidation between 19555-19583

3- Up moves with downward corrections

4- Up moves in Bearish Rising Channel

5- Whole day actual trading between 19555-19730

Conclusions from intra day chart analysis 

Following lines were told at 02:15 AM on 27-11-2023 in "Firstly watch sustaining beyond 19600 under Global markets depressed sentiments":-

1- firstly sustaining beyond 19600 should be watched tomorrow 

2- finally up moves are expected above day's highest(19699).

As was told 100% same happened and;- 

1- Firstly Nifty slipped below 19600.

2- Finally Nifty moved above yesterday highest(19699) and closed at 19,716.45.

Although firstly Down moves in first 2 hours after 

negative opening and Nifty fell sharply below 19600 

also but lower levels good intraday consolidation developed therefore up moves started which remained continued till last minutes. 

As last hour up moves were in Bearish Rising Channel therefore higher levels some selling also can not be ruled out and expected that Nifty will firstly trade within day's trading range but finally up moves are expected above day's highest in the coming sessions which means that up moves will remain continued after fresh consolidation within day's trading range(19555-19730). 

Firstly watch sustaining beyond 19600 under Global markets depressed sentiments

Nifty-Intra Day Chart Analysis & 

Market Outlook(27-09-2023)

Nifty-Intra Day Chart (26-Sep-2023):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channels

2- Consolidation between 19638-11656

3- Whole day actual trading between 19638-19699

Conclusions from intra day chart analysis 

Although minor negative closing after whole day sideways trading within 61 points but whole day good intraday consolidation was seen through most time Down moves in Bullish Falling Channels and lower levels consolidation also therefore finally up moves are expected above day's highest(19699).

As deeper down moves were seen in US and most European markets yesterday therefore sentiment may be much depressed and weaker opening may also be been seen in Indian markets tomorrow. Good intraday consolidation has been seen above 19600 in last 2 seen therefore firstly sustaining beyond 19600 should be watched tomorrow for next decisive moves beginning confirmations which will be under dampened Global markets sentiments.

Firstly watch 19600 after weaker 

Global sentiments

Pre-open Outlook(26-09-2023)

As Moody's warning about shut down in US markets and sentiment has turned weaker today morning therefore all the Asian markets are trading in negative zone and Dow Jones Futures is also trading more than 120 points down and resultant negative opening of Indian markets will seen. 

Consolidation was seen above 19600 yesterday therefore firstly sustaining beyond 19600 should be watched today for next intraday decisive moves beginning confirmation after weaker Global sentiments.

Up moves expectations towards

 next strong resistances

Nifty-Intra Day Chart Analysis & 

Market Outlook(26-09-2023)

Nifty-Intra Day Chart (25-Sep-2023):-

Technical Patterns formation in today intraday charts

1- Consolidation between 19602-19651

2- Sharp up moves

3- Selling between 19709-19734

4- Sharp fall

5- Consolidation between 19630-19682

6- Whole day actual trading between 19602-19734

Conclusions from intra day chart analysis 

Although down moves after flat opening but lower levels good consolidation developed therefore sharp up moves were seen in Mid-session. As higher levels selling also therefore sharp fall was seen after that but again consolidation was seen in last 2 hours.

As lower levels good consolidation therefore up moves are expected towards next strong resistances between 19759-19796 and sustaining it beyond should be watched in the coming sessions for next decisive moves beginning after on going Short term correction completion.