Rally Continuation

Intra Day Chart Analysis & Market Outlook

(25-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Sharp up after positive opening
1- Down moves in Bullish Falling Channels
3- Whole day actual trading between 10183-10237

Conclusions from intra day chart analysis 

Although sharp up after positive opening and slipping till 01:50 PM but all the Down moves were in Bullish Falling Channels therefore rally continuation is expected in the coming sessions because whole day today trading will be understood with consolidation Patterns formations.

Intra Day Chart Analysis & Market Outlook(24-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channels
1- Consolidation between 10125-10142
3- Up moves with intraday corrections
4- Whole day actual trading between 10125-10224

Conclusions from intra day chart analysis

Following lines were told yesterday in "Firstly watch crucial levels for next big moves confirmations":-

1- As selling between 10206-10251 in last 4 sessions therefore it will be immediate resistance of Nifty and immediate supports are between 10154-10166
2- Nifty will firstly trade between crucial levels(10154-10251) and finally sustaining it beyond should be watched for next big moves confirmations. 

Immediate supports were told between 10154-10166 and Nifty consolidated within and just below it today therefore these supports have strengthened today. As selling between 10206-10251 and Nifty could not sustaining within it today therefore follow up consolidation is firstly required tomorrow for fresh rally above life time highest.

same view with little change of levels that Nifty will firstly trade between crucial levels(10125-10251) and finally sustaining it beyond should be watched for next big moves confirmations. 

Firstly watch crucial levels for next big moves confirmations 

Intra Day Charts Analysis & Market Outlook

(23-10-2017)

Nifty-Intra Day Chart (Oct 18 & Oct 19,2017)

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Technical Patterns formation in last 2 Sessions intraday charts

1- First 3 hours trading with Down moves in Bullish Falling Channel on 18-10-2017
2- Last 2 sessions Selling between 10206-10236 on 18-10-2017 
3- Sharp fall during Muhurat trading session on 19-10-2017 
4- 2 Sessions actual trading between 10123-10236 

Conclusions from 2 Sessions intra day chart analysis 

Following lines were told on 17-10-2017 in "Emergence of Short Term correction expectations":-

emergence of Short Term correction expectations and valid break down of 10200 will mean deeper correction towards following next supports:-

1- 10154-10166
2- 10024-10046

Although first 3 hours trading with Down moves in Bullish Falling Channel but higher levels follow up selling was also seen on 18-10-2017 therefore sharp fall during Muhurat trading session and closing below first support range on 19-10-2017. Short Term correction expectations was told and it was seen and sustaining below first supports range(10154-10166) will mean deeper correction towards above mentioned 2nd supports range.

As selling between 10206-10251 in last 4 sessions therefore it will be immediate resistance of Nifty and immediate supports are between 10154-10166 hence Nifty will firstly trade and prepare for next decisive moves between 10154-10251. 

Expected that Nifty will firstly trade between crucial levels(10154-10251) and finally sustaining it beyond should be watched for next big moves confirmations.  

Emergence of Short Term correction expectations

Intra Day Chart Analysis & Market Outlook

(18-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Support between 10213-10227
2- Selling between 10242-10251
3- Whole day actual trading between 10213-10251

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Firstly watch levels next decisive moves confirmations":-

1- View will be cautious(not Bullish)
2- firstly sustaining beyond today trading range should be watched for next decisive moves confirmations.

Cautious view and not Bullish was told and Nifty closed flat today with most time trading within yesterday trading range(10176-10142) with higher levels selling and lower levels supports therefore still expected that Nifty will firstly trade tomorrow between 10200-10251 and prepare for next decisive moves within this range.

As higher levels clear selling in last 2 sessions therefore emergence of Short Term correction expectations and valid break down of 10200 will mean deeper correction towards following next supports:-

1- 10154-10166
2- 10024-10046

Firstly watch levels next decisive moves confirmations

Intra Day Chart Analysis & Market Outlook

(17-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Selling Patterns formation between 10122-10142
2- Minor supports at lower levels
3- Whole day actual trading between 10176-10142

Conclusions from intra day chart analysis 

Although today closing near the higher levels of the day after lower levels minor supports but higher levels selling Patterns formations also in the beginning and last trading hours therefore view will be cautious(not Bullish) and firstly sustaining beyond today trading range should be watched for next decisive moves confirmations.

Rally continuation expectations

Intra Day Chart Analysis & Market Outlook

(16-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Consolidation between 10140-10171
2- Last more than 2 houts trading with mixed Patterns formation between 10161-10191
3- Whole day actual trading between 10125-10191

Conclusions from intra day chart analysis 

Following lines were told on 12-10-2017 in "Rally continuation towards next strong resistances":-

on going rally continuation is expected towards next strong resistances(10140-10171) in the coming sessions.

Strong resistances were told between 10140-10171 and firstly Nifty consolidated 4 hours within this range last Friday before new life time high formations. As last more than 2 houts trading with mixed Patterns formation between 10161-10191 and closing also within it after last 45 minutes slipping from higher levels therefore Nifty has to consolidate within and near about this range for decisive up moves above life time high(10191.90).

As first 4 hours good consolidation last Friday therefore on going rally continuation is expected in the beginning of next week but follow up consolidation is must for sustaining above 10191.90.

Rally continuation towards next strong resistances

Intra Day Chart Analysis & Market Outlook

(13-10-2017)

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

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Technical Patterns formation in today intraday charts

1- More than 4 hours consolidation between 10008-10036
2- Up moves with intraday corrections
3- Whole day actual trading between 9978-10104

Conclusions from intra day chart analysis 

Firstly more than 4 hours consolidation and after that strong rally as well as no intraday selling patterns formations therefore on going rally continuation is expected towards next strong resistances(10140-10171) in the coming sessions.

Firstly watch levels for deeper  correction confirmations

Intra Day Chart Analysis & Market Outlook

(12-10-2017)

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

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Technical Patterns formation in today intraday charts

1- 4 hours selling between 10048-10057
2- Sharp down moves in last hours
3- Whole day actual trading between 9956-10057

Conclusions from intra day chart analysis

Following lines were told in both the previous sessions outlooks:-

1- Short Term correction beginning expectations in the coming 1/2 sessions
2- emergence of Short Term correction beginning expectations
3- sustaining beyond 9960-10034 should be watched for next decisive moves confirmations.

Short Term correction was told and it was seen today through 101 points slipping from higher levels.

As 4 hours selling between 10048-10057 therefore it will be immediate resistance of Nifty and until Nifty will not sustain above 10057 after complete consolidation till then decisive up moves will not be seen and follow up selling  with sustaining below 9960 will mean emergence of deeper correction possibility which should be firstly watched in the coming seesions.

Levels will confirm for next decisive moves 

Intra Day Chart Analysis & Market Outlook

(11-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Volatility in first 3 hours
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Volatility in last 3 hours
5- Whole day actual trading between 10003-10034

Conclusions from intra day chart analysis 

Whole day sideways trading within 31 points with only intraday volatility and both consolidation and distribution patterns formations therefore no definite conclusion can be formed from only today intraday patterns formations and sustaining beyond 9960-10034 should be watched for next decisive moves confirmations.

As Short Term indicators have turned overbought and some intraday selling patterns formations yesterday therefore emergence of Short Term correction beginning expectations and once follow up clear selling in the coming sessions with sustaining below 9960 will mean deeper correction. 

As rally is on and no confirmation of its completion yet therefore view will be cautious and above mentioned levels will confirm next decisive moves.

Emergence of Short Term correction beginning expectations

Intra Day Chart Analysis & Market Outlook

(10-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Selling Patterns formation between 10000-10015
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 9960-10015

Conclusions from intra day chart analysis 

As suficiently good selling patterns formations today therefore emergence of Short Term correction beginning expectations in the coming 1/2 sessions despite Green closing today after most time positive zone trading, 

On going rally continuation

Intra Day Chart Analysis & Market Outlook

(09-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Up moves in first hour after strong opening
2- 5 Hours consolidation between 9948-9967
3- Sharp up moves in last half hour
4- Whole day actual trading between 9925-9989

Conclusions from intra day chart analysis 

Firstly up moves in first hour after strong opening and after that 5 Hours consolidation between 9948-9967 therefore this range will be immediate support of Nifty and until Nifty will not sustain below 9948 after complete selling till then decisive down moves will not be seen. 

As closing near the higher levels of the day after sharp up moves in last half hour and 5 Hours consolidation as well as no selling last Friday therefore Nifty is well prepared for on going rally continuation in the beginning of next week. 

9920 will confirm fast up

Intra Day Chart Analysis & Market Outlook

(06-10-2017)

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

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Technical Patterns formation in today intraday charts

1- Volatility in first hour
2- More than 4 hours consolidation between 9894-9920
3- Slipping in last hour
4- Whole day actual trading between 9882-9945

Conclusions from intra day chart analysis 

Following lines were told on 03-10-2017 in "Market is well prepared for strong rally ":-

1- on going rally continuation above 9871
2- RBI credit Policy tomorrow but Indian markets are well prepared for strong rally and posiitve surprise from it will mean fresh more than 100 points strong rally tomorrow.

Although no positive announcements from RBI credit Policy but Nifty closed near the top of the day on 04-10-2017 and more than 4 hours consolidation between 9894-9920 on 05-10-2017 therefore up moves are expected in the coming sessions. 

As yesterday closing was near the lower levels of the day therefore valid break out of 9920 should also be firstly watched today for on going rally continuation confirmations and once its happening will mean will mean fast up moves.

Market is well prepared for strong rally 

Intra Day Chart Analysis & Market Outlook

(04-10-2017)

Nifty-Intra Day Chart (03-Oct-2017):-

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Technical Patterns formation in today intraday charts

1- Whole day sideways traing with consolidation Patterns formation between 9832-9871 
2- Whole day actual trading between 9832-9871

Conclusions from intra day chart analysis 

As strong global cues therefore firstly gap up opening and after that whole day positive zone sideways traing with consolidation Patterns formation between 9832-9871 today means on going rally continuation above 9871. 

Some resistances are lying below 9888 and once follow up consolidation with sustaining above it tomorrow will mean strong rally towards and above 10000. Although RBI credit Policy tomorrow but Indian markets are well prepared for strong rally and posiitve surprise from it will mean fresh more than 100 points strong rally tomorrow.  

Strong rally after sustaining above 9888

Market Outlook(03-10-2017)

As it was holiday yesterday and most Asian markets are trading with good gains after US markets strong rally yesterday night therefore Indian markets will react on these factors also resultant Intra Day Chart Analysis is not being updated. 

Following lines were told on 28-09-2017 in "Levels will confirm next Trend":-

1- Above 9758 will mean Pull Back rally continuation but correction completion will be considered after sustaining above next resistances (9790-9834 and 9850-9888)

Nifty faced resistance at above mentioned 2nd resistance(9850-9888) last Friday and slipped 66 points in last hour after formation of intraday top at 9854.

Although last Friday closing was near the lower of the day after loosing most intraday gains but as such selling patterns were not seen and fresh patterns consolidation developed therefore last Thursday started Pull Back rally continuation is expected but correction completion will be considered only after sustaining above 9888.

As per our view next trend will be formed after RBI credit Policy tomorrow and posiitve surprise will mean fresh strong rally. As Short Term indicators are oversold therefore next 1/2 sessions will be Pull Back rally continuation days and strong rally will be seen if Nifty sustains above 9888.

Levels will confirm next Trend

Intra Day Chart Analysis & Market Outlook

(29-09-2017)

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

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 9688-9758 
2- Sharp up in last hour
3- Whole day actual trading between 9688-9789

Conclusions from intra day chart analysis 

Following conclusive lines were told on 25-09-2017 in "Firstly Watch Levels for the life of on going correction":-

Expected that Nifty will trade between 9690-9920 in the coming sessions and finally sustaining it beyond will confirm the life of on going correction which should be firsly watched.

Above lines were repeated yesterday also in "Market Outlook(28-09-2017) ":-

9690 was given and today lowest was just below it at 9687.55 and Nifty jumped 100 points from there.

correction continuation with a strong Pull Back rally possibility was also told yesterday and 100 points strong Pull Back rally was seen after firstly 48 points intraday correction. 

Although sharp up in last hour but before that almost whole day sideways trading with Mixed Patterns formation therefore follow up consolidation is also required for sustaining above today highest. As some consolidation was also seen between 9688-9758 today therefore firstly sustaining it beyond should be watched for:-

1- Above 9758 will mean Pull Back rally continuation but correction completion will be considered after sustaining above next resistances (9790-9834 and 9850-9888) 
2- Below 9688 will mean correction continuation towards 9450. 

Market Outlook(28-09-2017) 

As whole day only down moves without any specific intraday position formations therefore intraday chart analysis is not being updated.

Correction is very much on and no indication of its completion yet therefore correction continuation will be expected with a strong Pull Back rally possibility because Short Term indicators have turned oversold.

Following conclusive lines were told on 25-09-2017 in "Firstly Watch Levels for the life of on going correction":-

Expected that Nifty will trade between 9690-9920 in the coming sessions and finally sustaining it beyond will confirm the life of on going correction which should be firsly watched.

Nifty traded within mentioned range with lowest formations at 9714.40 in last 2 sessions. Firstly sustaining beyond 9690 should be watched tomorrow because next supports below it at 9450.

As busy therefore Stock Market Outlook of today(27-09-2017) is not being updated.

Firstly Watch Levels for the life of on going correction

Intra Day Chart Analysis & Market Outlook

(26-09-2017)

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

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Technical Patterns formation in today intraday charts

1- 45 Points fall in first 2 minutes
2- All the Down moves in Bullish Falling Channels
3- Last hour up moves with intraday correction
4- Whole day actual trading between 9817-9915

Conclusions from intra day chart analysis 

Firstly 45 Points fall in first 2 minutes and after that continuous down moves till 02:00 PM but all the Down moves were in Bullish Falling Channels and last hour up moves were also with intraday correction therefore a signal of consolidation process beginning. As such high weakness and Indian markets underperformed most Global markets therefore view will Bullish only after follow up consolidation and without sustaining below today lowest. As Short Term indicators have turned oversold therefore a Pull Back Rally can not be ruled out after some intraday consolidation.

Multiple supports are lying between 9690-9920 and Nifty traded within this range today with some consolidation but until complete follow up consolidation will not develop and Nifty will not sustain above 9920 till then on going correction completion will not be considered. 

Expected that Nifty will trade between 9690-9920 in the coming sessions and finally sustaining it beyond will confirm the life of on going correction which should be firsly watched.

Only a Pull Back Rally consideration amid correction continuation expectations

Intra Day Chart Analysis & Market Outlook

(25-09-2017)

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

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Technical Patterns formation in today intraday charts

1- 60 Points fall in first minute after weak opening
2- Whole day down moves with follow up selling
3- Whole day actual trading between 9953-10060

Conclusions from intra day chart analysis 

Although global cues were not as much depressing but Indian markets showed genuine weakness and completely underperformed all Global markets last Friday as well as follow up selling was seen after sharp fall in first minute therefore until complete consolidation will not develop till then correction completion will not be considered and correction continuation expectations will remain alive towards and below 9920

As Very Short Term indicators have turned oversold therefore only a Pull Back Rally will be considered amid correction continuation expectations.

Carefully watch 10045

Intra Day Chart Analysis & Market Outlook

(22-09-2017)

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

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Technical Patterns formation in today intraday charts

1 Sharp down immediately after opening
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 10059-10158

Conclusions from intra day chart analysis 

Following lines were told at 10:00 AM on 20-09-2017 in "Post-open Outlook(20-09-2017)":-

1- Although positive zone trading since today opening but intraday charts of first 45 minutes are showing some selling indications also
2- finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Although strong recovery from lower levels after first 45 minutes sharp down but last 5 hour up moves were in Bearish Rising Channel and yesterday closing was below 10130 therefore view will be Bearish.

Down moves below yesterday lowest(10058.60) can not be ruled out but next supports below it at 10045 and firstly sustaining it below should be carefully watched because next supports are much below it at 9920