Technical Analysis and Market Outlook(21-11-2014)

Nifty-Intra Day Chart (20-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8354-8370
2- Minor selling at higher levels in last half hour
3- Whole day actual trading between 8354-8410

Conclusions from intra day chart analysis 

Following lines were told at 07:29 AM yesterday in Technical Analysis and Market Outlook(20-11-2014):- 

Nifty will be understood sideways between 8360-8454 and sustaining beyond this range will be next immediate moves first indication below 8360 and confirmation above 8454.

As was told almost same happened and Nifty traded sideways between 8354-8410 as well as closed within mentioned range at 8,401.90 yesterday.

It was a volatile day yesterday and recovery was seen after lower levels consolidations but minor selling was also seen at higher levels therefore still Nifty will be understood sideways and Nifty will trade as well as prepare for next big moves between within last 12 sessions trading range(8290-8456)

Let Nifty prepare for next big moves between 8290-8456 then break out direction will be updated from intraday charts analysis in the same manner as being done for the last more than 4 years.

Technical Analysis and Market Outlook(20-11-2014)

Nifty-Intra Day Chart (19-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8420-8431 
2- Consolidation between 8360-8373
3- Whole day actual trading between 8360-8452

Conclusions from intra day chart analysis 

As Bearish Rising Wedge formation on 17-11-2014 and good selling on 18-11-2014 therefore following line was told on 18-11-2014 in Technical Analysis and Market Outlook(19-11-2014):- 

Nifty will slip below today lowest(8,407.25) as well as very Short Term correction will be seen in the coming sessions. 

As was told 100% same happened and Nifty slipped below 8,407.25 as well as closed at 8,382.30 on 19-11-2014

All trends are up and very Short Term correction seen yesterday but lower levels consolidation was also seen therefore Nifty will be understood sideways between 8360-8454 and sustaining beyond this range will be next immediate moves first indication below 8360 and confirmation above 8454.

Indian markets are most Bullish and Nifty turned sideways for the last 11 sessions between 8290-8456 after strong rally on 30 and 31-Oct-2014. As Bullish markets correct sideways and range bound mode also therefore this possibility will be considered at this moment. 

Nifty will trade and prepare for next big moves between 8290-8456 in the coming sessions because both higher levels selling and equally good consolidation also at lower levels and sustaining beyond or forceful break out of this range will be confirmation therefore should be watched for confirmation.

Mid-session Outlook-2(19-11-2014)

Follow up selling confirmation between 8424-8431 today

Mid-session Outlook(19-11-2014)

Very short Term correction with slipping below 8407.25 was expected and Nifty slipped also 40 points immediately after opening but consolidation with supports seen today after lowest formation at 8412.30.

Although Nifty is now trading  in Red but both lower levels buying and higher levels selling seen between 8412-8454 today and yesterday therefore firstly sustaining beyond this range should be watched for next moves first strong indication.

Technical Analysis and Market Outlook(19-11-2014)

Nifty-Intra Day Chart (18-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8438-8454 
2- Selling between 8426-8436 
3- Whole day actual trading between 8408-8454

Conclusions from intra day chart analysis 

As Bearish Rising Wedge formation seen in last hour yesterday therefore following lines were told today at 06:52 AM in Technical Analysis and Market Outlook(18-11-2014):-  

1- break out confirmation is must through sustaining above 8415/8438
2- sustaining beyond 8405-8438 will be next trend first signal therefore firstly watched today.

As was cautioned same happened and Nifty could not sustain above 8438 as well as closed within already mentioned range(8405-8438) at 8,425.90

Firstly selling at higher levels and after that follow up selling today therefore above mentioned selling ranges will immediate resistances of Nifty and expected that Nifty will slip below today lowest(8,407.25) as well as very Short Term correction will be seen in the coming sessions. 

Technical Analysis and Market Outlook(18-11-2014)

Nifty-Intra Day Chart (17-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8349-8372 
2- Bearish Rising Wedge formations in last hour between 8405-8438
3- Whole day actual trading between 8349-8438

Conclusions from intra day chart analysis 

Although strong recovery from lower levels after good consolidations between 8349-8372 but Bearish Rising Wedge formation also seen in last hour therefore firstly some more consolidation is firstly required for strong rally above today highest.

Nifty was sideways between 8291-8415 and this range was broken out today but Bearish Rising Wedge formations was also seen therefore break out confirmation is must through sustaining above 8415/8438

As sustaining beyond 8405-8438 will be next trend first signal therefore firstly watched today.

Mid-session Outlook(17-11-2014)

As selling between 8368-8415 in last 3 sessions therefore following line was told yesterday in Technical Analysis and Market Outlook(17-11-2014):-

correction is expected below 8368 in the coming sessions

As was told yesterday 100% same happened today and Nifty slipped below 8368 as well as today lowest formation at this moment is at 8349.10.

All the Outlooks of last 3 sessions are live proofs of this fact that we are posting only Bearish views from 12-11-2014 and since then up moves were not seen and down moves are being seen today. 

Last 8 sessions trading between 8290-8415 and Nifty is preparing for next decisive moves within this range. As both higher levels selling and lower levels buying patterns formations within this range therefore Nifty will remain sideways within this range and prepare for next trend.

As some consolidation seen between 8349-8352 today therefore firstly this range should be watched for first signal of on going very Short Term Correction completion.

Technical Analysis and Market Outlook(17-11-2014)

Nifty-Intra Day Chart (14-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8373-8389
2- Whole day actual trading between 8347-8400

Conclusions from intra day chart analysis 

Selling patterns formations between following ranges in last 3 sessions:-

1- On  12-11-2014- 8395-8415
2- On  13-11-2014- 8368-8402 
3- On  14-11-2014- 8373-8389 

Selling between 8368-8415 in last 3 sessions and following up selling was seen last Friday also therefore correction is expected below 8368 in the coming sessions despite closing near the higher levels of the day on 14-11-2014.

Technical Analysis and Market Outlook(14-11-2014)

Nifty-Intra Day Chart (13-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8368-8402 in first 5 hours
2- Whole day actual trading between 8321-8402

Conclusions from intra day chart analysis 

Following line was told at 04:52 PM on 12-11-2014 in Technical Analysis and Market Outlook(13-11-2014):-

good selling was seen between 8395-8415 therefore this range will work as 1st resistance 

As was told 100% same happened and:

1- 8395-8415 proved strong resistance on 13-11-2014 
2- Nifty could not move above it,
3- Nifty slipped below 8395 sharply and 
4- Nifty made lowest formation at 8320.35

As follow up good selling seen in first 5 hours on 13-11-2014 therefore correction continuation will be seen and until complete consolidation will not be seen till then Nifty will not sustain above following resistance ranges:-

1- 8368-8402
2- 8395-8415

Nifty is sideways between 8291-8415 and now correction continuation within this range will be considered as well as sustaining beyond this range next decisive moves confirmation. It must be kept in mind that until complete consolidation will not happen till then Nifty will not move above 8415.

Technical Analysis and Market Outlook(13-11-2014)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 8395-8415
2- Whole day actual trading between 8371-8415

Conclusions from intra day chart analysis 

Last 5 sessions sideways market between 8291-8383 and this range was broken out today but without required force and good selling was seen between 8395-8415 therefore this range will work as 1st resistance and until complete consolidation will not be seen till then Nifty will not sustain above 8415. As good consolidation and supports above 8291 in previous 5 sessions therefore Nifty will be understood sideways between 8291-8415 and sustaining beyond this range next decisive moves confirmation.

Indian markets are most Bullish and all trends are up as well as until complete selling patterns will not develop on EOD charts till then Short Term Correction will not be considered. As oscillators are overbought therefore Very short Term or intraday correction may be seen any day after few hours selling or profit booking as well as only such type of correction may be seen after higher levels good selling today.

Technical Analysis and Market Outlook(12-11-2014)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 8362-8379 
2- Consolidation between 8321-8344 
3- Whole day actual trading between 8379-8321

Conclusions from intra day chart analysis 

Although selling immediately after opening but lower levels good consolidation also therefore up moves with new life time high formation are expected because lower levels good consolidation seen in last 5 sessions sideways market between 8291-8383.

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

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8305-8328
2- Mixed Patterns between 8330-8450 in last hour
3- Whole day actual trading between 8305-8383

Conclusions from intra day chart analysis 

Although mixed Patterns between 8330-8450 in last hour but lower levels good supports with consolidations patterns formations also therefore possibility of rally continuation above last 4 days highest(8383) is still but follow up consolidation is must.

Mid-session Outlook(10-11-2014)

Following line was told today at 09:05 AM in Technical Analysis,Research & Weekly Outlook(Nov 10 to Nov 14,2014):-

Nifty will firstly trade and prepare for next decisive moves within the trading range of previous week(8291-8365)

As was told 100% same happened and most time trading within this range today. As lower levels supports with consolidations patterns formations today therefore finally rally is expected above last 3 days highest(8365) in the coming sessions.

Technical Analysis,Research & Weekly Outlook(Nov 10 to Nov 14,2014)

Nifty-Intra Day Chart (Nov 03 to Nov 07,2014):-

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Technical Patterns and Formations in last 3 Sessions intraday charts

1- Higher levels selling and lower levels good consolidations in last 3 sessions
2- 3 Sessions actual trading between 8291-8365 

Conclusions from 3 Sessions intra day chart analysis 

Higher levels selling and lower levels good consolidations in last 3 sessions of previous week therefore Nifty will be understood sideways within 8291-8365

Nifty-Intra Day Chart (07-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 6291-6318
2- Minor selling patterns at higher levels
3- Whole day actual trading between 6291-6360

Conclusions from intra day chart analysis 

Although lower levels good consolidation but selling patterns formations also at higher levels therefore firstly follow up consolidation is must for decisive up moves despite day's closing near the higher levels of the day.

Conclusions (After Putting All Studies Together)

Nifty traded 49 sessions sideways between 7724=8180 and this trange was forcefully broken out on 31-10-2014 as well as last 3 sessions of previous week were range bound between 8291-8365. Although lower levels good consolidation but some selling was also seen in last 3 sessions of previous week therefore expected that Nifty will firstly trade and prepare for next decisive moves within the trading range of previous week(8291-8365). Next supports and resistances are as follows:-

1- Supports between 6291-6318
2- Supports between 8324-8337
3- Supports between 8298-8310
4- Resistances between  8351-8364 

As good supports at lower levels in previous week therefore strong possibility fresh rally after follow up consolidations and sustaining above last 3 days highest(8365).

Technical Analysis and Market Outlook(07-11-2014)

Nifty-Intra Day Chart (05-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8351-8364 in first 2 hours
2- Consolidation between 8324-8337
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 8324-8365

Conclusions from intra day chart analysis 

Firstly 2 hours selling and slipping but lower levels consolidations also therefore intraday patterns formation will be understood mixed and follow up moves as well as sustaining beyond day's trading range(8324-8365) will be next very short term moves confirmation.

As most heated sentiments and oscillators are over bought therefore intraday or Very Short Term Corrections may be seen any day after some selling but All trends are up,Indian markets are most Bullish therefore until complete selling patterns will not develop on EOD charts till then Short Term Correction will not be considered. 

Mid-session Outlook-2(05-11-2014)

As fresh consolidation above 8324 after minor selling in first 2 hours therefore strong indication of intraday correction completion today and fresh rally confirmation will be after sustaining above 6363

Mid-session Outlook(05-11-2014)

Although positive zone trading since opening but selling patterns formations also seen above 8355 today.

Technical Analysis and Market Outlook(05-11-2014)

Nifty-Intra Day Chart (03-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8298-8310
3- Whole day actual trading between 8298-8331

Conclusions from intra day chart analysis

Following line was told on 02-11-2014  in Technical Analysis and Market Outlook(03-11-2014):-

consolidation is firstly required for next up moves above day's highest(8330)

As was told yesterday same is being seen and most time trading is below 8330 between 8298-8331 and closing also below 8330 at 8,324.15 on 03-11-2014.

Whole day consolidation patterns formations with lower levels multiple supports therefore emergence of rally continuation possibility. As most heated sentiments and oscillators are over bought therefore some down moves can not be ruled out but Nifty will not sustain below day's lowest(8298) and finally rally will remain continued in the coming sessions.

Mid-session Outlook(03-11-2014)

Following line was told yesterday in Technical Analysis and Market Outlook(03-11-2014):-

consolidation is firstly required for next up moves above day's highest(8330)

As was told yesterday same is being seen today because most time trading is below 8330 between 8298-8329. Let Nifty sustaining beyond this range then next decisive moves will be considered because till now mixed trading patterns formation today.

Technical Analysis and Market Outlook(03-11-2014)

Nifty-Intra Day Chart (31-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 8260-8385
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 8198-8330

Conclusions from intra day chart analysis 

Although whole day up moves after gap up opening but mixed Patterns formations between 8260-8385 and after that up moves in Bearish Rising Channel were also seen therefore some consolidation is firstly required for next up moves above day's highest(8330). As all trends are up and Nifty traded strongly  above life time high therefore any correction will be considered only after complete selling patterns formations on EOD charts but minor intraday and Very Short Term corrections may be seen any day because indicators are overbought and sentiment is much heated.

Finally rally continuation is expected in the coming sessions despite minor correction and volatility possibility.

Live Proofs of Rally above All Time High Predictions from 19-10-2014

Only we told for Rally 9 times in whole India

 When Nifty closed at the lowest of correction at 7780 on 17-10-2014(Friday) then then following line was told on 19-10-2014 in Technical Analysis and Market Outlook(20-10-2014):-

1- strong indication of fresh strong rally above all time high

In Technical Analysis and Market Outlook(21-10-2014):-

2- strong indication of fresh strong rally above all time high

In Technical Analysis and Market Outlook(22-10-2014):-

3- strong indication of fresh strong rally above all time high

In Technical Analysis and Market Outlook(27-10-2014):-

4- Finally rally continuation is expected above 8030 in next week

In Technical Analysis and Market Outlook(28-10-2014):-

5- finally rally continuation is expected in  the coming sessions

In Mid-session Outlook-2(28-10-2014):-

6- we are expecting finally rally in the coming sessions

In Technical Analysis and Market Outlook(29-10-2014):-

7- finally rally above all time high will be seen

In Mid-session Outlook(29-10-2014):-

8- up moves are expected in the coming sessions.

In Technical Analysis and Market Outlook(30-10-2014):-

9- rally continuation is expected after follow up consolidations

Technical Analysis and Market Outlook

(31-10-2014)

Nifty-Intra Day Chart (30-Oct-2014):-

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Technical Patterns and Formations in today intraday charts

1- Firstly up moves with intraday corrections.
2- Consolidation between 8140-8180 in last 3 hours
3- Whole day actual trading between 8086-8181

Conclusions from intra day chart analysis 

Following last resistance range was updated in Technical Analysis and Market Outlook(29-10-2014) and Technical Analysis and Market Outlook(30-10-2014):-

8140-8180

Nifty traded with consolidation patterns within this range on 30-10-2014 therefore this range will be next support and until Nifty will not sustain below 8140 till then any decisive down moves will not be seen. As firstly up moves with intraday corrections and after that 3 hours consolidation therefore rally continuation will be seen in the coming sessions.