Levels will confirm Short Term Correction beginning

Intra Day Chart Analysis & Market Outlook

(21-07-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9895-9910
2- Mixed Patterns between 9864-9888 
3- Whole day actual trading between 9864-9922

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Firstly watch levels for next trend":- 

1- view will not be Bullish despite today closing near the higher levels of the day.
2- Next and strong resistances are between 9912-9928
3- Last 5 sessions trading between 9792-9928 with lower levels supports and higher levels selling and firstly sustaining beyond these levels should be watched for next trend.

As fresh selling between 9895-9910 today therefore down moves below today lowest(9863.45)can not be ruled out in the coming sessions but sustaining it below is must for Short Term Correction beginning confirmation because last 3 hours trading just above it with Mixed Patterns also between 9864-9888 today.  

Firstly watch levels for next trend

Intra Day Chart Analysis & Market Outlook

(20-07-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling patterns formation between 9874-9888
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 9852-9905

Conclusions from intra day chart analysis 

As most Asian markets were trading strong therefore positive opening and after that most time up moves but in Bearish Rising Channel therefore view will not be Bullish despite today closing near the higher levels of the day.

Next and strong resistances are between 9912-9928 and until complete condolition will not develop till then fresh rally will not be seen. Last 5 sessions trading between 9792-9928 with lower levels supports and higher levels selling and firstly sustaining beyond these levels should be watched for next trend.

Very Short Term correction continuation Expectations

Intra Day Chart Analysis & Market Outlook

(19-07-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9870-9885
2- Selling between 9861-9871
3-  Down moves in Bullish Falling Channel
4- Last hour minor Support between 9793-9835
5- Whole day actual trading between 9793-9885

Conclusions from intra day chart analysis 

As some selling yesterday and weaker Asian markets today morning therefore gap down opening and follow up selling also therefore some more down moves can not be ruled out in the coming sessions. Some consolidation today through Down moves in Bullish Falling Channel and last hour minor Support between 9793-9835 therefore some up moves can not be ruled out within today trading range but today started Very Short Term correction continuation is expected in the coming sessions.

Break out of Levels will confirm next Trend

Intra Day Chart Analysis & Market Outlook

(18-07-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 9914-9920
2- Up moves in Bearish Rising Channel
3- Intraday corrections
4- Whole day actual trading between 9895-9928

Conclusions from intra day chart analysis 

Although today closing at life time highest levels after whole day positive zone trading but some selling was also seen therefore fresh consolidation is firstly required for decisive up moves above today highest. As some consolidation was also today therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about today trading range and its valid break out will confirm next trend which should be firstly watched tomorrow.

Rally continuation towards 10000

Intra Day Chart Analysis & Market Outlook

(17-07-2017)

Nifty-Intra Day Chart (14-Jul-2017):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
1- Consolidation between 9846-9880
3- Whole day actual trading between 9846-9892

Conclusions from intra day chart analysis 

Although whole day negative zone trading but whole day good intraday consolidation patterns formations therefore expected that on going rally will remain continued above life time highest(9913.30) and towards 10000.

(As become free therefore Outlook of 17-07-2017 has been updated)

As busy therefore Stock Market Outlook of today(14-07-2017) and next Monday(17-07-2017) will not be updated.

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)