Technical Analysis and Market Outlook(05-12-2014)

Nifty-Intra Day Chart (04-Dec-2014):-

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Technical Patterns and Formations in today intraday charts

1- Most time trading between 8527-8578
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 8527-8626

Conclusions from intra day chart analysis 

All trends are up but Bearish Rising Channel formations in last 22 sessions between 8290-8627 and Oscillators are showing negative divergence also therefore emergence of correction possibility which may be minimum Short Term to Intermediate term. As Bull markets complete its correction within sideways markets therefore deeper correction will be considered only after sustaining below 8290.  

Although new life time high formation after huge gap up opening yesterday but slipping sharply also immediately after opening and most time trading between 8527-8578 with Up moves in Bearish Rising Channel therefore view will not be Bullish until complete consolidation will not be seen and Nifty will not sustain above 8578. It is confirm that once slipping and sustaining below 8527 will mean sharp down possibility. 

Last 8 sessions trading between 8430-8627 with following supports and resistances:-

1- Supports between 8430-8490(Strong supports)
2- Supports between 8506-8543(Weaker supports)
3- Resistances between 8590-8618(Strong resistances)

As forceful break out above 8618 will be next up move confirmation and sustaining below 8430 will be first strong signal of deeper correction therefore sustaining beyond 8430-8618 will be next decisive moves confirmation and should be firstly watched in the coming sessions. 

Sorry to say that I could not update the Blog yesterday  because I was extremely busy after the marriage of my son but It is confirm that regular updation of Blog will positively restart from tomorrow.

As marriage in our family therefore next Outlook will be updated on 03-12-2014

Technical Analysis and Market Outlook(27-11-2014)

Nifty-Intra Day Chart (26-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8438-8457
2- Mixed Patterns between 84381-8500
3- Whole day actual trading between 8439-8500

Conclusions from intra day chart analysis 

Following line was told at 01:09 on 26-11-2014 in Mid-session Outlook(26-11-2014):-

As lower levels good consolidation today therefore high possibility of trading above 8500

As was told 100% same happened and Nifty traded at 8500.30 yesterday

As lower levels good consolidation and higher levels mixed patterns formations were seen therefore lower levels good supports and higher levels weaker resistances will be understood. Although Nifty slipped from higher levels after good recovery from lower levels but clear selling patterns were not seen at higher levels therefore up moves hopes are alive after follow up consolidations in the coming sessions.

Very Short Term correction is on and emergence of  correction completion expectations also generated after lower levels consolidations yesterday. At present Nifty is sideways between 8439-8535 and will firstly trade/prepare within this range as well as  valid break out of this range will result next big moves.

Mid-session Outlook(26-11-2014)

As lower levels good consolidation today therefore high possibility of trading above 8500 after yesterday started correction completion.

Technical Analysis and Market Outlook(26-11-2014)

Nifty-Intra Day Chart (25-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 8458-8490 
2- Consolidation between 8430-8451
3- Whole day actual trading between 8430-8535

Conclusions from intra day chart analysis 

As selling pattern of slow up moves in last 3 hours on 24-11-2014 therefore very short term correction was seen yesterday but lower levels good consolidation was also seen therefore emergence of correction completion expectations also. Nifty traded between 8458-8490 with mixed Patterns formations and follow up moves with sustaining beyond this range will be next decisive moves first indication.

Although more than 1% down moves from intraday higher levels yesterday but as such good selling patterns were not seen in last 2 sessions and on the other hand lower levels good consolidation was also seen therefore rally continuation hopes above 8535 are still alive after follow up consolidations in the coming sessions.

As all the Asian markets are flat today morning after quiet closing of US markets yesterday therefore Nifty will remain firstly sideways today between 8430-8490 and prepare for next decisive moves as well as sustaining beyond this range will be first strong indication next big moves.

Minimum target of Nifty at 8616.90

Technical Analysis and Market Outlook

(25-11-2014)

Nifty-Intra Day Chart (24-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8490-8510 
2- Slow Up Moves
3- Whole day actual trading between 8490-8534

Conclusions from intra day chart analysis 

Not only today but we told also following line on 12-05-2014 in Minimum target of Nifty at 8616.90

Nifty is well set for rally towards minimum target at 8616.90. 

As was told 6 months before same has been almost happened and after highest formations at 8534.65 yesterday.

Following line was told on 23-11-2014 in Technical Analysis and Market Outlook(24-11-2014)

finally rally continuation above 8500 is expected in the coming session.

As was told same happened and Nifty traded as well as closed above 8500 yesterday.

Firstly more than 3 hours lower levels good consolidation and supports yesterday but after that slow up moves were seen which is a selling signal therefore follow up consolidation is required for decisive up moves above yesterday highest. As good supports between 8490-8510 yesterday therefore until Nifty will not sustain below it till then any decisive down moves will not be considered. Expected that rally will remain continued above yesterday highest after follow up consolidations in the coming sessions.

Technical Analysis and Market Outlook(24-11-2014)

Nifty-Intra Day Chart (21-Nov-2014):-

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Technical Patterns and Formations in today intraday charts

1- Most time trading between 8449-8489
2- Down moves in Bullish Falling Channel
3- Bullish Falling Wedge formations in last hour.
4- Whole day actual trading between 8399-8489

Conclusions from intra day chart analysis 

Most time trading between 8449-8489 with following Bullish indications:-

1- Firstly forceful up moves in first hour.
2- Down moves in Bullish Falling Channel patters formations.
3- Bullish Falling Wedge formations in last hour.

As above Bullish signals after life time high formations and no selling signals seen therefore finally rally continuation above 8500 is expected in the coming session.

Post-open Outlook(21-11-2014)

Now trading in last resistance range after forceful up moves immediately after opening and now high possibility of upward break out of last 12 sessions range(8290-8456)

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.