Firstly watch Level for the life of on going correction  

Intra Day Chart Analysis & Market Outlook

(03-01-2018)

Nifty-Intra Day Chart (02-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- Slipping in first hour after positive opening.
2- Down moves in Bullish Falling Channels
3- Whole day actual trading between 10405-10493

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Correction continuation expectations towards next supports":-

1- next supports below 10427 are up to 10406 
2- firstly sustaining beyond 10406 should be watched for on going correction continuation 

Next supports were told up to 10406 and Nifty got support at 10404.65 before closing at 10442.20 today. As some consolidation was also seen through Down moves in Bullish Falling Channels today therefore firstly sustaining beyond 10406 should be watched in the coming sessions for the life of on going correction.  

Correction continuation expectations towards next supports

Intra Day Chart Analysis & Market Outlook

(02-01-2018)

Nifty-Intra Day Chart (01-Jan-2018):-

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Technical Patterns formation in today intraday charts

1- More than 5 hours selling between 10505-10537
2- Sharp fall in last hour
3- Whole day actual trading between 10423-10537

Conclusions from intra day chart analysis 

Following lines were told in previous two Outlooks:-

1- Short term correction beginning may be seen any day  
2- which may slip towards next supports between 10427-10458  

As was told 100% same happened and Short term correction was seen on 1st Jan 2018 towards next supports(10427-10458) and closing was within it at 10435.55.

As closing was below previous 8 sessions closing and next supports below 10427 are up to 10406 therefore firstly sustaining beyond 10406 should be watched for on going correction continuation towards next supports between 10320-10350. 

Correction is on and its continuation is expected towards above mentioned next supports.

Firstly watch levels amid Short Term correction expectations

Intra Day Chart Analysis & Market Outlook

(01-01-2018)

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

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Technical Patterns formation in today intraday charts

1- Whole day trading with Mixed Patterns formation between 10489-10538 
2- Whole day actual trading between 10489-10538

Conclusions from intra day chart analysis 

Following lines were told at 12:43 AM on 28-12-2017 in "Levels will confirm next Trend":-

1- More than 5 hours selling between 10532-10552
2- firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. 
3- As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for confirmations.

As good selling between 10532-10552 on 27-12-2017 therefore Nifty Could not move above 10552 and Mixed Patterns formation in both previous sessions also means same following view which was updated in previous outlook on 28-12-2017:-

Firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for that Short Term correction which may slip towards next supports between 10427-10458.

As busy therefore Stock Market Outlook of today(29-12-2017) is not being updated.

Levels will confirm next Trend

Intra Day Chart Analysis & Market Outlook

(28-12-2017)

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

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Technical Patterns formation in today intraday charts

1- More than 5 hours selling between 10532-10552
2- Sharp fall in last hours
3- Whole day actual trading between 10470-10552

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Finally on going rally continuation":-

1- finally on going rally continuation is expected
2- intraday volatility and Very Short term correction can not be ruled
3- until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.

Alrhough firstly rally continuation but more than 5 hours higher levels selling between 10532-10552 therefore sharp fall in last hours and closing near the lower levels of the day.

Last 2 sessions trading between 10470-10552 with good consolidation between 10478-10506 on 26-12-2017 and equally good selling between 10532-10552 on 27-12-2017 therefore firstly Nifty has to trade and prepare for next decisive moves between 10470-10552 and finally sustaining beyond this range will confirm trend. 

As Short term indicators have turned over bought and higher levels good selling also on 27-12-2017 therefore Short term correction beginning may be seen any day and firstly sustaining below 10470 should be watched for confirmations.

Finally on going rally continuation

Intra Day Chart Analysis & Market Outlook

(27-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Consolidation between 10478-10506
2- Sharp up in last half hour
3- Whole day actual trading between 10478-10545

Conclusions from intra day chart analysis 

Following lines were told on 21-12-2017 in "Follow up consolidation will mean fresh rally above 10500":-

1- up moves are expected tomorrow
2- fresh rally above 10500 in the coming week

As was told 100% same happened and up moves were seen on 22-12-2017 and fresh rally above 10500 was also seen today.

As follow up consolidation last Friday and more than 5 hours between 10478-10506 today also therefore finally on going rally continuation is expected in the coming sessions. Very Short term indicators have turned over bought therefore intraday volatility and Very Short term correction can not be ruled but until Nifty will not sustain below today lowest(10478) after complete follow up selling till then decisive down moves will not be seen.

As I was out of station therefore Stock Market Outlook of today(26-12-2017) is not being updated.

Follow up consolidation will mean fresh rally above 10500

Intra Day Chart Analysis & Market Outlook

(22-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation Patterns formation between 10427-10458
3- Whole day actual trading between 10427-10473

Conclusions from intra day chart analysis 

Following lines were told on 19-12-2017 in "Rally after Very Short Term correction":-

1- view will remin Bullish
2- Very Short Term correction can not be ruled out in the coming sessions

Very Short Term correction was seen in both previous sessions and today closing also near the lower levels of the day but whole day today trading was with consolidation Patterns formation therefore up moves are expected tomorrow. As some selling between 10490-10485 on 20-12-2017 therefore follow up consolidation tomorrow will mean fresh rally above 10500 in the coming week.

As busy therefore Stock Market Outlook of today(21-12-2017) is not being updated.

Rally after Very Short Term correction

Intra Day Chart Analysis & Market Outlook

(20-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Consolidation between 10406-10429
2- Up moves in last hours
3- Whole day actual trading between 10406-10472

Conclusions from intra day chart analysis 

Firstly more than 4 hours consolidation between 10406-10429 and after that last hours up moves and closing near the lower levels of the day as well as no selling patterns formations today therefore view will remin Bullish. 

As Very Short indicators have turned overbought therefore Very Short Term correction can not be ruled out in the coming sessions but until Nifty will not sustain below today lowest after fresh selling till then decisive down moves will not be seen because good lower levels consolidation today.

As busy therefore Stock Market Outlook of today(19-12-2017) is not being updated.

Strong rally after BJP victory in Gujarat Election   

Intra Day Chart Analysis & Market Outlook

(18-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Whole day all the down moves in Bullish Falling Channels
2- Whole day actual trading between 10320-10373

Conclusions from intra day chart analysis 

Although huge gap up opening and closing near the lower levels of the day after continuous slipping but view will be Bullish because whole day all the down moves were in Bullish Falling Channels. 

As there may be some uncertainity due to Gujarat assembly election results therefore some volatility can not be ruled out in first 3 hours but expected that finally strong rally will be seen after BJP victory(more than 130 seats) in Election.

Strong rally after honouring given Levels

Intra Day Chart Analysis & Market Outlook

(15-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Consolidation between 10142-10186
2- Sharp up in last hour
3- Whole day actual trading between 10142-10276

Conclusions from intra day chart analysis 

Following lines were told in previous 2 sessions outlooks:-

The Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-

1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146

If finally Nifty sustains above today lowest(10169.85) tomorrow then strong rally will be seen in the next 2/3 sessions.

Nifty got support just below 61.8%(10146) at 10141.55 today and closed above yesterday lowest(10169.85) as well as strong rally was seen in last hour today. As market honoured above given levels therefore same following conclusive view which was updated yesterday in "Level will confirm strong rally":-

Strong rally will be seen in the next 2/3 sessions.

Level will confirm strong rally

Intra Day Chart Analysis & Market Outlook

(14-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10214-10245
2- Mixed Patterns formation between 10275-10296 
3- Mixed Patterns formation between 10170-10218 
4- Whole day actual trading between 10170-10296

Conclusions from intra day chart analysis 

As high intraday volatility with whole day Mixed Patterns formation therefore no conclusion can be formed only from today patterns formations. 

Following lines were told yesterday in "Firstly watch levels for today started correction completion" and being repeated for today conclusion also:-

he Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-

1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146

If finally Nifty sustains above today lowest(10169.85) tomorrow then strong rally will be seen in the next 2/3 sessions.

Firstly watch levels for today started correction completion

Intra Day Chart Analysis & Market Outlook

(13-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Selling between 10284-10300
2- Selling between 10256-10282
3- Whole day actual trading between 10231-10300

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Rally after follow up consolidation":-

1- Expected that rally will remain continued but
2- follow up consolidation is must 
3- Very Short Correction also can not be ruled out 

Very Short Correction was told and it was seen today and follow up consolidation could not develop as well as today closing was near the lower levels of the day after fresh selling. 

The Pull back rally which started from 10033 on 06-12-2017 fused today after gaining 296 points and its correction started but view will not be Bearish and expected that finally rally will remain continued after follow up consolidation in the next 1/2 sessions and Nifty may get supports near about following retracement levels:-

1- 38.2%- 10215
2- 50.0%- 10181
3- 61.8%- 10146

Firstly above levels should be watched for today started correction completion.

Rally after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(12-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10309-10322
2- Consolidation between 10283-10301
3- Mixed Patterns formation between 10312-10329 
4- Whole day actual trading between 10283-10329

Conclusions from intra day chart analysis 

Rally is on and whole day positive zone today trading with lower levels consolidation but higher levels trading also with Mixed Patterns formation as well as following resistances above today highest therefore firstly Nifty has to consolidate for decisive up moves:- 

1- 10340-10364
2- 10383-10402
3- 10440-10482

Expected that rally will remain continued but follow up consolidation is must and Very Short Correction also can not be ruled out because Very Short Term indicators have also turned overbought and above resistances are also lying.

As I was out of station therefore Stock Market Outlook of today(11-12-2017) is not being updated.

Signals of correction completion

Intra Day Chart Analysis & Market Outlook

(08-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Whole day up moves with intraday corrections
2- Whole day actual trading between 10062-10182

Conclusions from intra day chart analysis

Following lines were told on 03-12-2017 in "Firstly watch next big psychological level for the life of on going correction":-

Correction is on and its continuation is expected towards 10014 but slipping below 10000 also can not be ruled out if consolidation also develops near about it as well as sustaining beyond next big psychological level(10000) should be firstly watched in next week for the life of on going correction.

Correction continuation towards 10014 was told and Nifty bounced back on 07-12-2017 after correction lowest formations at 10033.35 on 06-12-2017 as well as whole day up moves with intraday corrections after positive opening therefore signals of correction completion.

As Very Short Term indicators have turned overbought after strong intraday rally on 07-12-2017 therefore next 1/2 sessions may remain sideways for cooling down of sentiment and follow up consolidation as well as once sustaining above today highest will mean rally continuation above life time highest after Intermediate Term correction completion.

Next levels will confirm next trend 

Intra Day Chart Analysis & Market Outlook

(07-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Selling between 100084-10104
2- Selling between 100052-10072
3- Whole day actual trading between 100034-10104

Conclusions from intra day chart analysis 

As crashing like situation in most Asian markets therefore weaker opening was seen in Indian markets and intraday selling also developed resultant closing near the lower levels of the day.

Only selling and no consolidation therefore following same view qhich was updated on 03-12-2017 in "Firstly watch next big psychological level for the life of on going correction":-

Correction is on and its continuation is expected towards 10014 but slipping below 10000 also can not be ruled out if consolidation also develops near about it as well as sustaining beyond next big psychological level(10000) should be firstly watched in next week for the life of on going correction.

Pre-open Outlook(06-12-2017)

Although good intraday consolidation yesterday but crashing like situation in most Asian markets therefore weaker opening will be seen in Indian markets. As more than 3 hours consolidation between 10070-10095 yesterday therefore this range will be immediate support of Nifty and firstly valid break out yesterday lowest should be watched today for the life of on going correction.

Firstly watch level for the life of on going correction

Intra Day Chart Analysis & Market Outlook

(06-12-2017)

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

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Technical Patterns formation in today intraday charts

1- Consolidation between 10070-10095
2- Down moves in Bullish Falling Channel
3- Whole day actual trading between 10070-10147

Conclusions from intra day chart analysis 

As firstly lower levels consolidation and last hour down moves in Bullish Falling Channel after Mid sessions up moves therefore today trading will be understood with consolidation patterns formations and emergence of a Pull Back rally possibility as well as firstly valid break out today lowest should be watched in the coming sessions for the life of on going correction.