Rally continuation above life time highest

Intra Day Chart Analysis & Market Outlook

(13-07-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation between 9788-9807
3- Whole day actual trading between 9788-9824

Conclusions from intra day chart analysis 

Although good selling and closing near the lower levels of the day on 11-07-2017 but we following line in "Finally rally continuation after fresh consolidation"  

finally rally will remain continued after fresh consolidation within next 2/3 sessions.

As sufficiently good consolidation on 12-07-2017 therefore expected that on going rally will continued above life time highest(9830.10) in the coming sessions.

Finally rally continuation after fresh consolidation 

Intra Day Chart Analysis & Market Outlook

(12-07-2017)

Nifty-Intra Day Chart (11-Jul-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Selling between 9815-9830
3- sharp down in last hour
4- Whole day actual trading between 9779-9830

Conclusions from intra day chart analysis 

Although Green closing after whole day positive zone trading but sufficiently good intraday selling was seen therefore only very Short Term correction will be considered and until complete follow up selling will not develop in the coming sessions till then decisive down moves will not be seen.

As rally is very much on and such today like corrections are a part of Bull markets therefore expected that finally rally will remain continued after fresh consolidation within next 2/3 sessions.

Rally continuation with continuous new life time high formations 

Market Outlook(11-07-2017)

As first 3 hours trading was disturbed due technical problems in NSE software today and after that only up moves were seen without any specific technical pattern formations therefore Intra Day Chart Analysis is not being updated. 

It was a big development today that last 30 sessions trading range(9550-9700) was broken out and today closing was also at life time high. As forceful break out today therefore high possibility of rally continuation with continuous new life time high formations.

Firstly Watch Levels for next big trend confirmations

Intra Day Chart Analysis & Market Outlook

(10-07-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9655-9665
2- Consolidation between 9652-9662
3- Up moves in Bearish Rising Channels
4- Intraday corrections in last hour
5- Whole day actual trading between 9643-9684

Conclusions from intra day chart analysis 

As both consolidation and intraday selling patterns formations therefore last Friday trading will be understood with Mixed patterns formations and valid break out of last Friday range should be firstly watched for next decisive moves beginning confirmations. Previous 30 sessions trading between 9550-9700 with higher levels selling and lower levels consolidation within this range therefore Nifty will have to prepare for next big moves within this range and finally sustaining beyond this range will confirm next big trend which should be firstly watched in next week.

As not recovered yet therefore Stock Market Outlook will be restarted from next Monday(10-07-2017).

As busy therefore Stock Market Outlook of today(03-07-2017) is not being updated.

Crucial level will confirm deeper correction

Intra Day Chart Analysis & Market Outlook

(30-06-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9494-9552
2- Up moves in Bearish Rising Channel
3- Sharp falls after selling
4- Whole day actual trading between 9494-9574

Conclusions from intra day chart analysis 

As all the Asian markets were trading strong after 144 points positive closing of Dow Jones yesterday therefore up moves after strong opening but not sustaining at higher levels and closing at the lower levels of the day after fresh selling because selling was seen between 9474-9552 in last 2 sessions and today closing is also within this range.

Previous 20 sessions trading between 9561-9698 and and Nifty moved into this range today but could not sustain within it as well as closed below it after follow up selling within this range therefore correction continuation expectations are alive and once valid break down below crucial levels(9473.45) will mean deeper correction which should be firstly watched in the coming sessions.

Correction continuation expectations

Intra Day Chart Analysis & Market Outlook

(29-06-2017)

Nifty-Intra Day Chart (28-Jun-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 9504-9522
2- Down moves in Bullish Falling Channel
3- Selling between 9490-9503
4- Whole day actual trading between 9476-9522

Conclusions from intra day chart analysis 

As sufficient intraday selling patterns formations therefore correction continuation is expected but follow up selling is also required tomorrow because some consolidation was also seen today through Down moves in Bullish Falling Channel.

Previous 20 sessions trading between 9561-9698 and this range was broken down yesterday,once valid break down below yesterday lowest(9473.45) will mean deeper correction which should be firstly watched in the coming sessions.

Market Outlook(28-06-2017)

As busy therefore intraday charts analysis is not being updated today.

Previous 20 sessions trading between 9561-9698 and this range was broken down after Green opening and 40 points positive zone trading today but fresh selling was seen below 9561 therefore more down moves below today lowest(9473.45) are expected in the coming sessions.

More than 3% one sided decisive moves expectations in next week

Intra Day Chart Analysis & Market Outlook(27-06-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Immediately after opening Down moves in Bullish Falling Channels
2- Up moves with intraday corrections
3- Down moves in Bullish Falling Channels during last hours
4- Whole day actual trading between 7566-7631

Conclusions from intra day chart analysis 

Although 0.57% negative closing near the lower levels of the day last Friday but firstly up moves are expected in the beginning of next week because good intraday consolidation was seen through Down moves in Bullish Falling Channels and Up moves with intraday corrections also. 

As previous 20 sessions trading between 9561-9698 with higher levels resistances between 9665-9698 therefore follow up complete consolidation is also required for decisive up moves above 9698. Expected that finally more than 3% one sided decisive moves will be seen in next week after valid break out of last 20 sessions trading range(9561-9698) therefore follow up intraday positions  should be firstly watched in the nest 1/2 sessions.

Market Outlook(23-06-2017)

As only intraday volatility on 22-06-2017 and as such no intraday position formations as well as closing within previous 19 sessions trading range(9561-9686) despite new life time high formations therefore firstly watch sustaining beyond 19 sessions trading range(9561-9699) for next big trend confirmations.

Follow up consolidation firstly required fresh decisive rally

Intra Day Chart Analysis & Market Outlook

(22-06-2017)

Nifty-Intra Day Chart (21-Jun-2017):-

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Technical Patterns and Formations in today intraday charts

1- More than 4 hours trading with Mixed Patterns formations between 9609-9626
2- Strong recovery from lower levels
3- Whole day actual trading between 9609-9648

Conclusions from intra day chart analysis 

Although strong recovery from lower levels after 02:00 PM but before that more than 4 hours trading with Mixed Patterns formations between 9609-9626 therefore sustaining above 9629 is must and once confirmation of sustaining above it will mean strong indication of fresh rally beginning above 9686 because consolidation was seen between 9615-9629 on 19-06-2017 also.

As last 18 sessions sideways trading within 125 points between 9561-9686 with following higher levels resistances therefore follow up consolidation is also firstly required fresh decisive rally above 9686:-

1- 9665-9676 
2- 9676-9686 

At present more or less same view which is being updated for the last many Outlooks that finally sustaining beyond 9561-9686 will confirm next trend and that should be firstly watched.

Deeper correction or fresh rally towards 10000 confirmations from levels

Intra Day Charts Analysis & Market Outlook

(21-06-2017)

Nifty-Intra Day Chart (Jun 19 & Jun 20,2017):-

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Technical Patterns and Formations in last 2 Sessions intraday charts

1- Consolidation between 9615-9629 on 19-06-2017
2- Selling between 9665-9676 on 20-06-2017
3- 2 Sessions actual trading between 9615-9676 

Conclusions from 2 Sessions intra day chart analysis 

Last 2 sessions trading with good consolidation between 9615-9629 yesterday and equally good selling between 9665-9676 therefore Nifty will remain sideways and firstly prepare for next decisive moves within last 2 sessions trading range(9615-9676) tomorrow.

Last 17 sessions trading between 9561-9686 and finally sustaining it beyond will form next more than 3% moves which should be firstly watched for next trend confirmations because that will mean deeper correction below 9561 or fresh rally towards 10000 above 9686.

As busy therefore Stock Market Outlook of today(20-06-2017) is not being updated.

Next more than 3%  decisive moves confirmation through crucial levels

Intra Day Chart Analysis & Market Outlook

(19-06-2017)

Nifty-Intra Day Chart (16-Jun-2017):-

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channels
2- Intraday corrections
3- Whole day actual trading between 9566-9615

Conclusions from intra day chart analysis 

As only intraday volatility with Up moves in Bearish Rising Channels and sufficiently good intraday corrections also therefore today trading will be understood without one sided specific position formations and next more than 3%  decisive moves will get confirmation through sustaining beyond following crucial levels:-

1- 9561-9627(First indication from last 3 sessions trading range)
2- 9561-9686(Final confirmation from last 15 sessions trading range)

Firstly watch levels for correction continuation/completion

Intra Day Chart Analysis & Market Outlook

(16-06-2017)

Nifty-Intra Day Chart (15-Jun-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 9606-9612
2- More than 4 hours Down moves in Bullish Falling Channel
3- Whole day actual trading between 9561-9621

Conclusions from intra day chart analysis 

Previous 12 sessions sideways trading was between 9586-9686 and today closing below it after higher levels some selling but more than 4 hours Down moves in Bullish Falling Channel also today therefore emergence of Pull Back Rally expectations. 

As correction is on and no confirmation of its completion yet but signals of its completion today after consolidation through more than 4 hours Down moves in Bullish Falling Channel therefore firstly sustaining beyond 9561-9586 lowest should be watched for on going correction continuation/completion.

As busy therefore Stock Market Outlook of today(15-06-2017) is not being updated.

9586 Will confirm Deeper Correction

Intra Day Chart Analysis & Market Outlook

(14-06-2017)

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

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Technical Patterns and Formations in today intraday charts

1- More than 4 hours selling between 9636-9654
2- Down moves in last hours
3- Whole day actual trading between 9596-9654

Conclusions from intra day chart analysis 

As more than 4 hours selling between 9636-9654 and after that down moves in last hours therefore strong signals of correction continuation and firstly sustaining beyond 9586 should be watched in the coming sessions because that will confirm deeper correction after valid break down of last 11 sessions sideways trading market.

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.