Technical Analysis and Market Outlook(16-09-2014)

Nifty-Intra Day Chart (15-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Lower levels supports immediately after opening 
2- Slow without force up moves
1- Selling between 8052-8060 
3- Whole day actual trading between 8031-8064

Conclusions from intra day chart analysis 

Following line was told  on 14-09-2014 in "Bearish Pattern Formations in last 9 Sessions Intraday Charts":-

As Hear and Shoulders like Bearish formations in last 9 sessions with neckline at 8052 therefore once sustaining below 8052 will mean much deeper correction.

Nifty hovered around 8052 whole day while most time trading between 8031-8064 and also selling was seen just above it between 8052-8060 today. As Nifty closed below 8052 after follow up selling just above it today therefore almost breaking down confirmation of Bearish Hear and Shoulders pattern's Neckline(8052) and resultant on going correction continuation is expected with possibility of deeper correction.

Pre-closing Outlook(15-09-2014)

Although whole day up moves after lower levels supports before 09:30 AM but up moves were slow and higher levels selling patterns indications also today therefore correction continuation is expected.

Mid-session Outlook(15-09-2014)

Although closed near the highest levels of the day on 12-09-2014 but we were not Bullish and told following lines at 3:28 PM in Pre-closing Outlook-2 on 12-09-2014:-

1- selling between 8087-8102 today and higher levels selling in previous sessions also
2- selling at higher levels also can not be ruled out in last half hour today
3- Until Nifty will not sustain above 8102/8127/8170 till then next up move will not be considered
4- firstly sustaining beyond 8052-8102 should be watched in next week for next trend confirmation

Nifty slipped below 8052 within first 5 minutes today and hovering it around for the last more than 2 hours. As some supports and consolidation also seen at lower levels today therefore sustaining beyond 8052 should be firstly watched today for the confirmation of deeper correction or its completion.

Bearish Pattern Formations in last 9 Sessions Intraday Charts

Technical Analysis,Research & Weekly Outlook

(Sep 15 to Sep 19,2014)

Nifty-Intra Day Chart (Sep 02 to Sep 12,2014):-

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Technical Patterns and Formations in last 9 Sessions intraday charts

1- Consolidation and last Supports formations between 8058-8082  in 9 previous sessions
2- Selling(resistances) between 8090-8114
3- Selling(resistances) between 8109-8127 
4- Selling(resistances) between 8140-8170 
5- Head and Shoulders like Bearish formations in last 9 sessions with neckline at 8052.
6- 9 Sessions trading between 8052-8180

Conclusions from 9 Sessions intra day chart analysis

9 Sessions most time trading between 8058-8170 with higher levels good selling and lower levels some supports with consolidation also therefore Nifty will be understood sideways between 8052-8180 at this moment and sustaining beyond this range will be next trend confirmation. As Hear and Shoulders like Bearish formations in last 9 sessions with neckline at 8052 therefore once sustaining below 8052 will mean much deeper correction.

Nifty-Intra Day Chart (12-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8090-8114.
2- Down moves in Bullish Falling Channel.
3- Triple bottom supports at lower levels.
4- Most time sideways trading between 8072-8102
5- Whole day actual trading between 8072-8114

Conclusions from intra day chart analysis 

Most time sideways trading between 8072-8102 with mixed patterns formation because higher levels selling but lower levels triple bottom supports and Down moves in Bullish Falling Channel also.
Although Nifty moved up forcefully in last hour and traded also last more than half hour at the higher levels of the day but this last hour up move will not be understood Bullish pattern because selling can not be ruled out in that heated sentiment in last more than half hour on 12-09-2014.

As intraday patterns are signalling good selling at higher levels despite closing at the highest of the day view is cautious and firstly follow up consolidation with minimum sustaining above day's highest(8114) is must for any next up moves

Conclusions (After Putting All Studies Together)

All Trends are up and Indian markets are most bullish as well as new life time high formation seen 9 times in last 1 month. Oscillators are overbought and showing correction indications as well as Head and Shoulders like Bearish formations also developed in last 9 sessions therefore emergence of minimum Short Term correction continuation possibility. As its Right Shoulder has not completely developed and lower levels supports also seen in last 9 sessions therefore more follow up selling is firstly required for valid Break of 9 sessions trading range and neckline(8052) of Head and Shoulders.

Following line was told at 1:11 PM in Mid-session Outlook(12-09-2014):-

More than 3 hours trading with higher levels selling between 8087-8102 today

We told for selling in all the Mid-session Outlooks on 12-09-2014 and even when Nifty was closing near the higher levels of the day then also we told following line  at 3:28 PM in Pre-closing Outlook-2 on 12-09-2014:-

selling at higher levels also can not be ruled out in last half hour today

Firstly sustaining beyond 8052 should be watched in next week for:-

1- Much deeper correction below 8052 or
2- First indication of on going correction completion will be understood after sustaining above 6052 because multiple resistances(8114/8127/8170) developed in last 9 sessions and complete follow up consolidation is must for any up move above life time high.

Let market prepare for decisive moves between 8052-8180 the will be updated according to intraday charts patterns formation of next coming week

Pre-closing Outlook-2(12-09-2014)

Although Nifty moved up forcefully above 8102 and new high formation at 8111 also but we were cautious because selling between 8087-8102 today and higher levels selling in previous sessions also therefore we told following line in previous Outlook:-

sustaining above 8102/8127/8170 is must in next week

Nifty slipped below 8102 today and selling at higher levels also can not be ruled out in last half hour today. Until Nifty will not sustain above 8102/8127/8170 till then next up move will not be considered and firstly sustaining beyond 8052-8102 should be watched in next week for next trend confirmation.

Pre-closing Outlook(12-09-2014)

Nifty moved up forcefully above 8102 and it is strong indication of correction completion. As higher levels selling today therefore sustaining above 8102/8127/8170 is must in next week for fresh strong rally after new life time high formations.

Mid-session Outlook-2(12-09-2014)

Although fast up moves after lower levels triple bottom supports formations but good selling also seen between 8087-8102 today therefore until Nifty will not sustain above 8102 till then next up move will not be considered and firstly sustaining beyond 8052-8127 should be watched for next trend confirmation.

Mid-session Outlook(12-09-2014)

More than 3 hours trading with higher levels selling between 8087-8102 today

Much Deeper correction below Most Crucial Supports

Technical Analysis and Market Outlook

(12-09-2014)

Nifty-Intra Day Chart (11-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8109-8127
2- Consolidation between 8058-8077
3- Down moves in Bullish Falling Channel in last hours
4- Whole day actual trading between 8058-8127

Conclusions from intra day chart analysis 

Short Term Correction was told in all the 3 previous Outlooks yesterday and that was firstly seen today after follow up selling between 8109-8127. Following lines were told at 12:02 PM today in Mid-session Outlook(11-09-2014):-

most crucial supports are between 8052-8080 and Nifty is trading within this range for the last 1 hours,it should be strictly kept in mind that sustaining beyond this range will mean:-

1- Much deeper correction below 8052.
2- Fresh up moves after Short Term Correction completion above 8080.

Nifty traded almost 3 hours and also closed within above mentioned most crucial supports range with intraday consolidation patterns formations therefore this support range has strengthened today and until Nifty will not sustain below 8052 after follow up selling till then deeper correction will not be considered at this moment.

Last 8 sessions most time trading between 8052-8180 with higher levels selling and lower levels supports therefore Nifty will firstly trade and prepare for next trend within and near about this range in the coming sessions and confirmation though sustaining beyond this range is must for next big moves.

Confirm higher levels selling and lower levels supports today therefore firstly sustaining beyond today trading range should be firstly watched in the coming sessions for next trend first indication. As intraday charts of last more than 1 hour is showing Bullish Falling Channel after lower levels supports between 8058-8077 therefore emergence of fresh up moves signal also but sustaining above today trading highest and following resistances is must for fresh rally and new life time high formation:-

1- Resistances between 8109-8127
2- Resistances between 8110-8124 
3- Resistances between 8140-8170 

Pre-closing Outlook(11-09-2014)

Most crucial supports are between 8052-8080 was updated at 12:02 PM today in previous Outlook and could not slip below it today and traded most time time above it in last one hour but now slip with this range also. Confirm higher levels selling and lower levels supports today therefore firstly sustaining beyond today trading range should be firstly watched in the coming sessions for next trend first indication.

As intraday charts of last 1 hour is showing Bullish Falling Channel therefore emergence of fresh up moves signal also but sustaining above today trading highest is must for confirmations.

Mid-session Outlook(11-09-2014)

Short Term Correction possibility was told in all 3 previous Outlooks and it is being seen today. Next most crucial supports are between 8052-8080 and Nifty is trading within this range for the last 1 hours,it should be strictly kept in mind that sustaining beyond this range will mean:-

1- Much deeper correction below 8052.
2- Fresh up moves after Short Term Correction completion above 8080.

Technical Analysis and Market Outlook(11-09-2014)

Nifty-Intra Day Chart (10-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8110-8124 in first 4 hours
2- Whole day actual trading between 8082-8124

Conclusions from intra day chart analysis 

First 4 hours selling between 8110-8124 and no consolidation seen therefore correction continuation is expected in the coming sessions

Mid-session Outlook(10-09-2014)

As fresh selling confirmations below yesterday lowest therefore emergence of Short Term Correction possibility. 

Pre-open Outlook(10-09-2014)

As all the Asian markets are trading in negative zone and Hand Seng is 1.86% down today morning therefore weaker opening will be in Indian markets and once sustaining below yesterday lowest will mean Short Term Trend turning down confirmation. 

Technical Analysis and Market Outlook(10-09-2014)

Nifty-Intra Day Chart (09-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8127-8142
2- Selling patterns in last half hours
3- Whole day actual trading between 8127-8174

Conclusions from intra day chart analysis 

Although some selling patterns in last half hour but lower levels supports and good consolidation was also seen therefore until Nifty will not sustain below yesterday lowest till then fresh up moves possibility after yesterday started correction completion  will remain alive. 

Pre-closing Outlook(09-09-2014)

As uncertainty due to judgement of 218 Coal blocks case therefore confusion and whole day negative zone trading with most time trading between 8127-8155 today. Intraday patterns of today are not showing selling patterns formations therefore deeper correction is not expected and fresh up moves expectations will remain alive after today started correction completion within Very Short Term correction mode.

If judgement is announced today then Indian markets will react accordingly tomorrow therefore its implications should be firstly understood also.

Mid-session Outlook(09-09-2014)

Supreme Court  to decide fate of 218 Coal blocks today and this judgement will decide next short Term Trend of Indian markets as well as high volatility may also be seen after the announcement of Judgement therefore implications of this Judgement should be firstly understood for the confirmation next Short Term direction of Indian Stock Markets.

Technical Analysis and Market Outlook(09-09-2014)

Nifty-Intra Day Chart (08-Sep-2014):-

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Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 8129-8147
2- Mixed Patterns between 8145-8157 
3- Whole day actual trading between 8129-8180

Conclusions from intra day chart analysis 

Although first 5 hours trading with mixed pattern formations but forceful up moves in last hours because Indian markets are trading at life time high and general trader does not buy easily as well as sell fast at such extremely higher levels.  

Last 3 sessions selling between 8100-8139 and this range broken out forcefully today therefore rally continuation is expected in the coming sessions because:-

1- Indian markets are trading at life time high.
2- Complete selling patterns on daily charts are firstly required for any deeper correction.
3- As such selling patterns have not seen yet.

Minor intraday correction or 1/2 sessions Very Short Term correction may be seen after any rally but no possibility of any deeper correction at this moment and this fact should also be kept in mind that some times Bull markets correct at at higher levels also without slipping in intraday negative zone.

Mid-session Outlook(08-09-2014)

As higher  levels selling between 8100-8139 in last 3 sesions therefore Nifty could not rally above it despite strong recovery in first half hour today. Last 3 hours trading and preparation for next decisive trend between 8126-8149 today but intraday patterns have not shown any clear patterns yet therefore sustaining beyond 8100-8149 should be watched for next immediate moves confirmations. It should be kept in mind that clear break out of last 3 sessions selling range(8100-8139) is must for next decisive up moves.

Technical Analysis and Market Outlook(08-09-2014)

Nifty-Intra Day Chart (Sep 02 to Sep 05,2014):-

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Technical Patterns and Formations in last 4 Sessions intraday charts

1- 4 Sessions most time trading between 8064-8139.
2- Higher levels selling in last 3 sessions between 8100-8139
3- Lower levels supports in last 3 sessions between 8064-8082

Conclusions from 4 Sessions intra day chart analysis 

All trends are up and market is most Bullish but Oscillators are showing negative divergence in Overbought zone therefore correction is very much due also. It should be kept in mind that market require complete selling patterns on daily charts before any deeper correction and such patterns have not developed yet therefore depper correction will not be considered at this moment.

Last 4 Sessions sideways trading with higher levels selling and lower levels supports between 8064-8139 therefore Nifty will firstly remain range bound within this range and prepare for next decisive moves in the beginning of next week. As sometimes Bullish markets complete its correction in sideways mode also therefore this possibility should also be considered and valid break out of last 4 sessions range(8064-8139) should be first watched in the coming week for next decisive trend.

Outlooks will be updated today