8715-8822 will confirm next trend

Intra Day Chart Analysis & Market Outlook

(13-02-2017)

Nifty-Intra Day Chart (10-Feb-2017):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channels
2- More than 2 hours trading with mixed Patterns between 8788-8804
3- Last 2 hours high volatility 
4- Whole day actual trading between 8772-8822

Conclusions from intra day chart analysis 

Although firstly consolidation through down moves in Bullish Falling Channels but after that whole day trading with mixed Patterns formations with last hours high volatility also therefore one sided intraday patterns formations will not be understood. As Indian markets under performed all day Global markets despite whole day positive zone trading therefore view will not be Bullish despite Green closing last Friday.

Nifty is trading between 8715-8822 for the last 5 sessions and traded near the higher levels of this range last Friday but no clear patterns formations therefore Nifty has to prepare for next trend within and near about this range which will be done in the beginning of next week and finally sustaining beyond this range will confirm next trend.

Next trend confirmations through levels

Intra Day Chart Analysis & Market Outlook

(10-02-2017)

Nifty-Intra Day Chart (09-Feb-2017):-

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Technical Patterns and Formations in today intraday charts

1- Sharp 50 points up immediately after opening
2- Loosing 97 points in 2 hours
3- Slow up moves in last 4 hours in Broadening pattern
4- Whole day actual trading between 8724-8821

Conclusions from intra day chart analysis 

Only whole day volatility with and as such no intraday technical position formations as well as most time trading within previous 3 sessions trading range therefore next trend confirmations will be through valid break out of last 4 sessions trading range(8715-8821) which should be firstly watched in the coming sessions

As out of station therefore Stock Market Outlook of today is not being updated

Possibility of rally continuation

Intra Day Chart Analysis & Market Outlook

(08-02-2017)

Nifty-Intra Day Chart (07-Feb-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8770-8809
2- Volatility in last hour
3- Whole day actual trading between 8742-8809

Conclusions from intra day chart analysis 

Although last hour volatility after fat slipping but consolidation patterns formation in first 5 hours therefore strong possibility of rally continuation above day's highest and possibility of up moves above 9000 as well despite 0.32% negative closing today 

Follow up consolidation tomorrow will mean sharp up moves above 9000

Intra Day Chart Analysis & Market Outlook

(07-02-2017)

Nifty-Intra Day Chart (06-Feb-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel but with intraday corrections
2- Lower levels supports
3- Last hours trading with Mixed Patterns formations
4- Whole day actual trading between 8770-8814

Conclusions from intra day chart analysis 

Although whole day positive zone trading after gap up opening but clear consolidation patterns were not seen and Mixed Patterns formations developed therefore view will be cautiously Bullish and valid break out of today trading range should be firstly watched for next trend confirmations.

Bullish rally is on and once follow up consolidation tomorrow will mean sharp up moves above 9000 will be seen very shortly. 

Rally continuation confirmations required through sustaining above 8757  

Intra Day Chart Analysis & Market Outlook

(03-02-2017)

Nifty-Intra Day Chart (02-Feb-2017):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channels
2- Slow up moves with intraday corrections
3- Sharp down in last half hour
4- Whole day actual trading between 8686-8757

Conclusions from intra day chart analysis 

Although firstly lower levels consolidation through Down moves in Bullish Falling Channels after weaker opening but last 3 hours slow up moves with intraday corrections therefore not sustaining at higher levels because some selling can not be ruled out through slow up moves.

Positive closing above 8700 today but some intraday selling also therefore follow up consolidation is firstly required for decisive up moves above today highest(8757) which will be done within and near about today trading range. 

Rally is on and no confirmation of its completion yet therefore its continuation is still expected after follow up consolidation but sustaining above 8757 should also be watched for confirmations.

Rally continuation Expectations

Intra Day Chart Analysis & Market Outlook

(02-02-2017)

Nifty-Intra Day Chart (01-Feb-2017):-

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Technical Patterns and Formations in today intraday charts

1- Sideways consolidation before and during Budget between 8538-8587
2- 105 points sharp up in just 12 minutes
3- Rally continuation with intraday consolidation 
4- Whole day actual trading between 8538-8722

Conclusions from intra day chart analysis 

Although previous 2 sessions closing was near the lower levels of the day but we told only for expectations of rally continuation above 8672 after follow up consolidation and it was seen today.

As whole day consolidation today therefore rally continuation is expected in the coming sessions also and until complete selling patterns will not develop till then on going rally will remain continued.

Post Budget Rally confirmation through crucial Levels

Intra Day Chart Analysis & Market Outlook

(01-02-2017)

Nifty-Intra Day Chart (31-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Up moves in Bearish Rising Channel
3- Volatility
4- Whole day actual trading between 8553-8631

Conclusions from intra day chart analysis 

Although Union Budget expectations but whole day weakness due to weaker closing of US markets and most negative news of H-1B visa bill presentation in US congress therefore Indian IT companies crashed and resultant negative closing of Indian markets today. As clear one sided position formation was not seen and and both consolidation and distribution patterns developed as well as whole day news based market today therefore no conclusion can be drawn only from intraday charts analysis. 

Union Budget will be tabled tomorrow but news based today market with Mixed patterns formations therefore high volatility can not be ruled tomorrow and post Budget rally confirmation will be through valid break out crucial levels(8549-8672) despite expectations of rally continuation above 8672 after follow up consolidation. 

Finally Rally continuation after follow up Consolidation

Intra Day Chart Analysis & Market Outlook

(31-01-2017)

Nifty-Intra Day Chart (30-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8618-8640
2- Whole day actual trading between 8618-8662

Conclusions from intra day chart analysis 

Following lines were told on 29-01-2016 in "Firstly Very Short Term correction before Budget":-

Very Short Term correction is firstly expected in the beginning of next week.

As was told 100% same happened and Nifty traded most time in Red below previous closing(8641.25) and also closed negative today near the lower levels of the day after 44 points sideways trading but consolidation patterns formations near the lower levels of the day therefore 1st signal of on going rally continuation after last 2 sessions correction completion.

Trading between 8624-8672 with higher levels selling last Friday therefore more consolidation is also required for next up moves and its happening tomorrow will mean fresh strong beginning on 1st Feb 2017. 

Dow Jones is trading 200 points down at this moment today and its such weaker closing will mean high possibility of weaker Asian markets tomorrow morning and resultant Indian markets may also open negative but expected that finally rally will remain continued above 8672 after follow up consolidation.

Firstly Very Short Term correction before Budget

Intra Day Chart Analysis & Market Outlook

(30-01-2017)

Nifty-Intra Day Chart (27-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 8653-8672
2- Whole day actual trading between 8624-8672

Conclusions from intra day chart analysis 

Although 0.45% Green closing after whole day positive zone trading but clear selling patterns formations were also seen and no consolidation patterns formations therefore Very Short Term correction is firstly expected in the beginning of next week.

Correction may be sideways near about day's trading range(8624-8672) also but once slipping sharply below day's lowest also can not be ruled out. As Union Budget on 1st Feb 2017 therefore Nifty will prepare for post Budget moves in the coming 2 sessions without sustaining above day's highest(8672). 

Expected that finally decisive moves beyond day's trading range will be seen after Budget and before that Nifty will prepare for that within and near about 8624-8672. 

Happy Republic Day

Rally Continuation above 8600

Intra Day Chart Analysis & Market Outlook

(27-01-2017)

Nifty-Intra Day Chart (25-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Whle day up moves with intraday consolidation
2- Whole day actual trading between 8494-8612

Conclusions from intra day chart analysis 

As whole day up moves after positive opening with intraday consolidation also therefore rally continuation is expected above 8600 but short Term Indicators have turned over bought today after last 3 sessions rally therefore minor correction for consolidation can not be ruled out any day but finally rally continuation will be seen because until complete selling patterns on EOD charts will not develop till then decisive down moves will not be seen. 

Rally Continuation above 8500

Intra Day Chart Analysis & Market Outlook

(25-01-2017)

Nifty-Intra Day Chart (24-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8428-8445
2- Last hours up moves with consolidation
3- Whole day actual trading between 8399-8480

Conclusions from intra day chart analysis 

Although Nifty closed at the top of Rally at 8475.80 today but we told for Rally continuation in all the previous 11 Outlooks since 08-01-2017. Even though when Nifty closed near the lowest of the day last Friday but told following conclusive line on 22-01-2017 in "Still Rally continuation Expectations":-

finally rally will remain continued above previous 7 sessions highest(8460)

Up moves beginning after positive opening and whole day rally continuation after follow up consolidations as well as no selling pattern formations today therefore rally continuation is expected above 8500. As very short Term Indicators have turned over bought today after last 2 sessions rally therefore minor correction for consolidation can not be ruled out any day but finally rally continuation will be seen because until complete selling patterns on EOD charts will not develop till then decisive down moves will not be seen.

As busy therefore Stock Market Outlook of today is not being updated.

Still Rally continuation Expectations

Intra Day Chart Analysis & Market Outlook

(23-01-2017)

Nifty-Intra Day Chart (20-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 8400-8423
2- Down moves in Bullish Falling Channel in last 3 hours
3- Whole day actual trading between 8341-8423

Conclusions from intra day chart analysis 

As uncertainty and confusion surrounding Donald Trump’s policies and most Global markets were weak on his oath of office taking day therefore weak opening of Indian markets. Although firstly Mixed Patterns formations between 8400-8423 but in the last 3 hours Down moves in Bullish Falling Channel therefore view will not be Bearish despite day's closing at the lower levels of the day after slipping and closing below previous 6 sessions lowest(8374).

Still expected that Nifty will move above last Friday highest in the beginning of next week and finally rally will remain continued above previous 7 sessions highest(8460)

Mid-session Outlook(20-01-2017)

Billionaire investor George Soros says that global markets will falter due to “uncertainty” and confusion surrounding Donald Trump’s policies.

Soros says Trump ‘uncertainty’ will cause global markets to falter

(Just click above topic link and go through whole news)

Down moves which started from US markets fall yesterday night,remained continued in most Asian and European markets and in reaction Indian markets are also weak since opening today which is Trump's oath of office taking day.

Although last 6 sessions trading between 8374-8460 and this trading range also broken down(now trading at 8355) but due to above news led Global markets reaction therefore firstly sustaining below 8374 should be watched in the beginning of next week for decisive down moves confirmations.

Intra Day Chart Analysis & Market 
Outlook(20-01-2017)

Nifty-Intra Day Chart (19-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8405-8423
2- Mixed Patterns between 8461-8440
3- Down moves in Bullish Falling Channel
4- Whole day actual trading between 8405-8445

Conclusions from intra day chart analysis 

Selling between 8442-8460 was told yesterday in "Finally Rally Expectations after follow up Consolidation" and Nifty traded almost whole day as well as closed below it but consolidated nicely also therefore view will not be Bearish. 

Last 6 sessions trading between 8374-8460 with lower levels good consolidation but last resistance between 8442-8460 therefore follow up consolidation is firstly required for decisive and fast up moves above 8460.

As lower levels sufficiently good consolidation today therefore expected that finally rally will remain continued above 8460 after follow up consolidation in the coming sessions.

Finally Rally Expectations after follow up Consolidation

Intra Day Chart Analysis & Market Outlook

(19-01-2017)

Nifty-Intra Day Chart (18-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Selling between 8442-8460
3- Consolidation between 8398-8424
4- Whole day actual trading between 8398-8460

Conclusions from intra day chart analysis 

Although 27 points up moves in first minute but after that up moves in Bearish Rising channel and higher levels selling also therefore down moves in Mid Session of the day. As lower levels consolidation also in last 3 hours therefore today whole day trading will be understood with Mixed patterns formations and firstly Nifty will have to trade and prepare for next decisive moves within today trading range.

As last 5 sessions trading between 8374-8460 with both selling and consolidation patterns formations therefore Nifty will trade and prepare for prepare for next decisive moves beyond this trading range which will be firstly done within and near about it in the coming sessions.

Although today closing near the lower levels of the day but lower levels consolidation also therefore expected that finally rally will remain continued above 8460 after follow up consolidation in the coming 1/2 sessions.

Finally Rally Continuation after Sideways Correction Completion

Intra Day Chart Analysis & Market Outlook

(18-01-2017)

Nifty-Intra Day Chart (17-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channels
2- Whole day actual trading between 8379-8440

Conclusions from intra day chart analysis 

As positive news from GST council meeting yesterday evening therefore initial up moves also after positive opening but not sustaining at higher levels and slipping into negative zone within 1st hour of trading. Although 14 points down closing after last more than 5 hours negative zone trading but view will not be Bearish because all the Down moves were in Bullish Falling Channels which is showing consolidation patterns formations today.

Last 4 sessions trading within 66 points between 8374-8440 with both selling and consolidation patterns formations therefore Nifty will trade and prepare for prepare for next decisive moves beyond this trading range which will be firstly done within and near about it in the coming sessions.

As Bullish rally is on and sufficient consolidation patterns were also seen within 8374-8440 in last 4 sessions therefore it will be understood that Nifty is correcting within sideways trading range and finally rally will remain continued above 8440 after follow up consolidation in the coming 1/2 sessions.

As busy therefore Stock Market Outlook of today is not being updated.

Finally Rally Continuation after follow up Consolidation

Technical Analysis,Research & Weekly Outlook

(Jan 16 to Jan 20,2017)

Nifty-EOD Chart (13-Jan-2017):-

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Technical Patterns and Formations in EOD charts

1- Resistances between 8506-8969
2- Supports between 7894-8219

Intra Day Chart Analysis(13-01-2017)

Nifty-Intra Day Chart (13-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- More than 5 hours trading Mixed Patterns between 8374-8406
3- Whole day actual trading between 8374-8442

Conclusions from intra day chart analysis 

Firstly Down moves in Bullish Falling Channel but after that more than 5 hours trading with Mixed Patterns between 8374-8406 therefore Nifty has to prepare for next decisive moves within and near about this trading range.

Conclusions (After Putting All Studies Together)

Nifty closed at 8400 in previous trading session which is in the center of multiple resistances and supports but last 3 sessions closing above Long Term Trend decider 200 Day DMA(today at 8297) after gap up opening on 11-01-2017 therefore high possibility of on going rally continuation towards above mentioned next resistances.

Although intraday charts of 13th Jan is showing more than 5 hours trading with Mixed Patterns between 8374-8406 but good consolidation was seen between 8383-8398 on 12th Jan therefore up moves continuation possibility is alive.

As indicators are overbought therefore some volatility and Short Term Correction can not be ruled out for cooling down but finally rally continuation is expected after follow up consolidation.

Rally Continuation amid US Markets weakness led High Volatility 

Intra Day Chart Analysis & Market Outlook

(13-01-2017)

Nifty-Intra Day Chart (12-Jan-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 8383-8398
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 8383-8417

Conclusions from intra day chart analysis 

As whole good inraday consolidation therefore rally continuation is expected but high volatility can not be ruled out tomorrow because US markets are in crashing like situation and Dow Jones slipped more than 160 points within first hour of today trading due to President Donald Trump led negative news.

Although some down moves can not be ruled out amid US markets led weakness but expected that finally Nifty will move up after fresh consolidation between 8323-8417.