Firstly Watch trading Range for Next Trend confirmations

Intra Day Chart Analysis & Market Outlook

(13-06-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9630-9640
2- Selling between 9627-9634
3- Up moves in Bearish Rising Channel
4- Whole day Down moves in Bullish Falling Channel
5- Whole day actual trading between 9599-9647

Conclusions from intra day chart analysis 

As most Asian markets were trading in Red therefore weaker opening of Indian markets and slipping also after sufficient selling patterns formations but Whole day Down moves in Bullish Falling Channel hence today trading will be understood with Mixed patterns formations. 

Following lines were told at 08:25 AM today in "Pre-open Outlook(12-06-2017)":-

Last 9 sessions sideways trading between 9586-9686 and finally sustaining beyond this range will generate next trend.

Expected that Nifty will trade and prepare for next trend within last 10 sessions sideways range(9586-9686) and sustaining it beyond should be firstly watched for its confirmations.

Pre-open Outlook(12-06-2017)

As some Asian markets are trading in Red and resistances are also lying above last Friday highest therefore weaker opening is possible today morning but good consolidation between 9609-9636 last Friday and until Nifty will not sustain below 9609 after complete fresh selling till then decisive down moves will not be seen.

Last 9 sessions sideways trading between 9586-9686 and finally sustaining beyond this range will generate next trend. As Nifty will trade within this range for its preparation in the coming sessions therefore next trend will be decided according to coming sessions intraday charts formations and will be updated accordingly.

Rally continuation expectations after fresh follow up consolidation

Intra Day Chart Analysis & Market Outlook

(12-06-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9609-9636
2- Good up moves in last hours
3- Whole day actual trading between 9609-9676

Conclusions from intra day chart analysis

As firstly more than 4 hours consolidation and good up moves in last hours therefore more up moves are expected in the beginning of next week but sufficiently strong resistances are also lying between 9667-9686 and follow up consolidation is also required for fresh rally above life time high(9709).

Expected that finally rally will remain continued after fresh follow up consolidation in the coming weeks.

As serious accident in our family and I shall remain out of station therefore will be able to update next Stock Market Outlook from 11-06-2017.

Rally continuation after very Short Term or intraday Correction  

Intra Day Chart Analysis & Market Outlook

(06-06-2017)

Nifty-Intra Day Chart (05-Jun-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves from negative zone
2- Up moves in Bearish Rising Channel
3- Selling patterns formations between 9676-9687
4- Whole day actual trading between 9641-9687

Conclusions from intra day chart analysis 

Although firstly up moves from negative zone and closing also near the higher levels of the day but higher levels selling patterns formations were seen therefore signals of very Short Term Correction tomorrow. 

Rally is very much on and until complete selling patterns will not develop till then decisive down moves will not be seen therefore expected that on going rally will remain continued after very Short Term or intraday correction completion.  

As I was out of station therefore Stock Market Outlook of today(31-05-2017) is not being updated.

Next decisive moves strong signal from today trading range break out

Intra Day Chart Analysis & Market Outlook

(02-06-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9616-9634
2- Consolidation between 9590-9606
3- Last 2 hours Mixed Patterns formations between 9606-9622
4- Whole day actual trading between 9590-9634

Conclusions from intra day chart analysis 

Whole day sideways trading with higher levels selling and lower levels buying as well as last 2 hours Mixed Patterns formations therefore again today trading will be understood with mixed patterns formations and same following view which was updated in yesterday Outlook:-

As sustaining beyond 9548-9649 will be break out of 4 sessions trading range and one sided decisive 2% moves will be seen as well as valid break out of today trading range(9590-9634) will be strong signal of last 4 sessions trading range break out  therefore should be firstly watched in the coming sessions 

Firstly Watch Levels for one sided decisive moves

Intra Day Chart Analysis & Market Outlook

(01-06-2017)

Nifty-Intra Day Chart (31-May-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 in last 2 hours
4- Whole day actual trading between 9610-9649

Conclusions from intra day chart analysis 

Following lines were told on 29-05-2017 in "Firstly Watch Levels for Rally Continuation or Short Term Correction beginning":-

valid break out of today trading range should be firstly watched in the coming sessions for on going rally continuation above 9637 or Short Term Correction beginning below 9548.

Nifty closed within mentioned range(9548-9637) in last 2 sessions with Mixed patterns formations and volatility was seen in last 2 hours also today therefore same view that valid break out of last 3 sessions trading range should be firstly watched in the coming sessions for on going rally continuation above 9649 or Short Term Correction beginning below 9548.

As sustaining beyond 9548-9649 will be break out of 3 sessions trading range and one sided decisive 2% moves will be seen therefore should be firstly watched in the coming sessions. 

As busy therefore Stock Market Outlook of today(31-05-2017) is not being updated.

Firstly Watch Levels for Rally Continuation or Short Term Correction beginning

Intra Day Chart Analysis & Market Outlook

(30-05-2017)

Nifty-Intra Day Chart (29-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Sharp up after weak opening
2- Down moves in Bullish Falling Channel
3- Up moves with intraday corrections
4- Selling between 9593-9615
5- Selling between 9616-9637
6- Whole day actual trading between 9548-9637

Conclusions from intra day chart analysis 

Although weaker opening but Sharp up moves immediately after weak opening and next 3 hours consolidation also through:-

1- Down moves in Bullish Falling Channel
2- Up moves with intraday corrections 

As selling was also seen at higher levels in last 3 hours therefore today trading will be understood with Mixed patterns formations and valid break out of today trading range should be firstly watched in the coming sessions for on going rally continuation above 9637 or Short Term Correction beginning below 9548.

Finally Rally Continuation after Very Short Term Correction 

Intra Day Chart Analysis & Market Outlook

(29-05-2017)

Nifty-Intra Day Chart (26-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Whole day up moves with intraday corrections
2- Minor selling patterns at higher levels
3- Whole day actual trading between 9495-9604

Conclusions from intra day chart analysis 

Although Nifty closed negative below all the immediate supports on 24-05-2017 but we told following lines on 24-05-2017 in "Pull Back Rally possibility":-

1- view will not be Bearish despite today closing near the lower levels of the day. 
2- Pull Back Rally may be seen any day in this week

As was told 100% same happened and strong rally was seen in next 2 sessions after 24-05-2017. 

As last 2 sessions rally with intraday corrections therefore finally rally continuation is expected but Very Short Term Correction can not be ruled out because minor selling patterns formations at higher levels last Friday and Very Short Term indicators have also turned Overbought after last 2 sessions strong rally.  

It should be kept in mind that until complete selling patterns will not develop till then decisive down moves will not be seen and follow up consolidation in the beginning of next week will mean Rally continuation towards 10,000.

As busy therefore Stock Market Outlook of today(26-05-2017) is not being updated.

Pull Back Rally possibility

Intra Day Chart Analysis & Market Outlook

(25-05-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Whole day Down moves in Bullish Falling Channels
2- Whole day actual trading between 9342-9432

Conclusions from intra day chart analysis 

As Pakistan air Force activity on Siachen border today morning and Pakistan jets flied also near Siachen border therefore whole day slipping from higher levels after positive opening. All the Down moves were in Bullish Falling Channels therefore view will not be Bearish despite today closing near the lower levels of the day.

Although today closing was below all the immediate supports but were due to above mentioned negative news led and consolidation patterns were also seen today therefore a Pull Back Rally may be seen any day in this week. Certainly Short Term Correction is on and no confirmation of its completion yet but sustaining beyond today lowest(9360.55) should be watched in the coming sessions after last 2 sessions negative news led trading.

9400 will confirm fresh Rally

Intra Day Chart Analysis & Market Outlook

(24-05-2017)

Nifty-Intra Day Chart (23-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Slipping after positive opening
2- Consolidation patterns formation between 9370-9400
3- Volatility in last 3 hours
4- Whole day actual trading between 9370-9448

Conclusions from intra day chart analysis 

As news of Indian Army attacks on Pakistani bunkers along LoC in Kashmir's Nowshera sector was in the pipe line therefore following reaction on Indian financial markets today morning:-

1- Indian Rupee weakened against USD($) by 28 Paise within first 32 minutes.
2- Nifty weakened by 64 points within first 40 minutes.  

Although today closing was near the lower levels of the day but consolidation patterns formation between 9370-9400 there view will not be Bearish and until Nifty will not sustain below 9370 till then decisive down moves will not be seen.

Last supports between 9373-9387 was updated yesterday in "Up moves expectations towards next resistances" and Nifty closed within this range at 9386.15 today as well as fresh consolidation was seen within this range today therefore expectations of fresh rally above 9400 are alive but sustaining it above should also be firstly watched for its continuation confirmations because today market and last hours volatility was above mentioned new led and technical positions reverses in such news led volatility also.  

Up moves expectations towards next resistances 

Intra Day Chart Analysis & Market Outlook

(23-05-2017)

Nifty-Intra Day Chart (22-May-2017):-

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Technical Patterns and Formations in today intraday charts

1- Whole day Down moves in Bullish Falling Channels
2- Whole day actual trading between 9428-9498

Conclusions from intra day chart analysis 

Following lines were told on 20-05-2017 in "Firstly Watch Most Crucial Level in Next Week":-

1- firstly up moves are expected in next week
2- but within last Friday trading range(9391-9505).

As was told 100% same happened and:-

1- Nifty moved up 70 points in first minute today.
2- Nifty traded whole day within last Friday trading range(9391-9505) between 9427.90-9498.65 today. 

Immediate supports of Nifty are as follows:-

1- 9427-9440 
2- 9391-9425
3- 9373-9387

Next resistances of Nifty are as follows:-

1- 9479-9505
2- 9518-9532

Last 9 sessions most time trading within 9373-9532 with above mentioned supports and resistance but up moves are firstly expected tomorrow towards next resistances because Whole day consolidation today through Down moves in Bullish Falling Channels and follow up consolidation is also firstly required in the coming sessions to cross resistances. 

Firstly Watch Most Crucial Level in Next Week

Intra Day Chart Analysis & Market Outlook

(22-05-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9479-9505
2- 2 Hours down moves
3- Consolidation between 9391-9425
4- Whole day actual trading between 9391-9505

Conclusions from intra day chart analysis

As positive Asian markets and in reaction good up moves after Green opening but selling at higher levels also therefore after that 2 hours more than 100 points down moves. Although slipping below 9400 but good consolidation at lower levels of the day therefore firstly up moves are expected in next week but within last Friday trading range(9391-9505).

Following conclusive lines were told on 18-05-2017 in "Firstly watch immediate Supports for the life of today started correction continuation/completion":-

firstly valid break out of above mentioned immediate support ranges(9427-9472) should be watched for the life of today started correction continuation/completion.

Immediate supports Were told above 9427 and Nifty closed at 9427.90 yesterday as well as  good consolidation was seen just below it between 9391-9425 therefore these supports levels has become most crucial. Above mentioned supports should be firstly watched amid on going correction because until Nifty will not sustain below them after complete fresh selling till then decisive down moves will not be seen and finally sustaining above 9427 will mean rally continuation after correction completion yesterday.

Firstly watch immediate Supports for the life of today started correction continuation/completion 

Intra Day Chart Analysis & Market Outlook

(19-05-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9481-9489
2- Down moves in Bullish Falling Channel
3- Selling between 9467-9477
4- Last 2 hours Down moves in Bullish Falling Channel
5- Whole day actual trading between 9418-9489

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Very short term correction expectations":-

1- very short term correction is expected tomorrow
2- As following supports are lying therefore until Nifty will not sustain below them after follow up selling till then decisive down moves will not be seen:-

1- 9462-9472
2- 9427-9440 

Very short term correction was seen today after gap down opening and Nifty closed within above mentioned 2nd support range at 9429.45. Although some selling but good consolidation also developed through Down moves in Bullish Falling Channels today  therefore firstly valid break out of above mentioned immediate support ranges(9427-9472) should be watched for the life of today started correction continuation/completion.   

Very short term correction expectations

Intra Day Chart Analysis & Market Outlook

(18-05-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channels
2- Selling between 9518-9532
3- Whole day actual trading between 9487-9532

Conclusions from intra day chart analysis 

Although today closing near the higher levels of the day but sufficient intraday selling patterns formations today therefore very short term correction is expected tomorrow. As following supports are lying therefore until Nifty will not sustain below them after follow up selling till then decisive down moves will not be seen:-

1- 9462-9472
2- 9427-9440 

As busy therefore Stock Market Outlook of today(17-05-2017) is not being updated.

As busy therefore Stock Market Outlook of today(16-05-2017) is not being updated.

Valid break out crucial levels will decide next trend

Intra Day Chart Analysis & Market Outlook

(15-05-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Whole day Down moves in Bullish Falling Channels
2- Whole day actual trading between 9373-9437

Conclusions from intra day chart analysis 

Following lines were told on 11-05-2017 in "Today started correction continuation expectations":-

1- As good intraday consolidation above 9374 yesterday and equally good selling below 9450 today 
2- therefore Nifty will firstly slip towards 9374 and prepare for next decisive moves within 8374-9450

As was told 100% same happened and firstly Nifty slipped towards 9374 and recovered after intraday lowest formations at 9372.55 as well as closed within mentioned trading range(8374-9450) at 9400.90 on 12-05-2017. 

Whole day good consolidation through Down moves in Bullish Falling Channels on 12-05-2017 therefore up moves are expected towards 9450 next Monday but sustaining above it is must after follow up complete consolidation because good selling was seen below 9450 on 11-05-2017. 

Finally same view which was updated on 11-05-2017 that Nifty will prepare for next decisive moves within 8374-9450 as well as valid break out this range will decide next trend which should be watched in the coming sessions because these levels have become crucial now.