Rally continuation expectations

Intra Day Chart Analysis & Market Outlook

(02-05-2019)

Nifty-Intra Day Chart (30-Apr-2019):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 11656-11720
2- Whole day actual trading between 11656-11756

Conclusions from intra day chart analysis 

As most Asian markets were trading in Red therefore firstly slipping after opening but 5 hours consolidation between 11656-11720 therefore it will be immediate supports of Nifty and on going rally continuation is expected in the coming sessions.  

Finally rally continuation with new life time high formations 

Technical Analysis,Research & Weekly Outlook

(Apr 30 to May 03,2019)

Nifty-EOD Chart (26-Apr-2019):-

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Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 beginning from 6825.80 on 29-02-2016 after 1 financial year(2015-16) correction completion.
2- Corrective  Wave 2 beginning after Wave 1 completion at 8968.70 on 07-09-2016
3- Impulsive Wave 3 beginning after Corrective Wave-2 completion at 7893.80 on 26-12-2016
4- Corrective  Wave 4 beginning after Wave 3 completion at 11760.20 on 28-08-2018 
5- Impulsive Wave 5 beginning after Corrective Wave-4 completion at 10004.55 on 26-10-2018
6- Impulsive Wave-5 continuation with new life time top formation at 11811.15 on 18-04-2018

Previous 19 Sessions intraday charts analysis

Nifty-Intra Day Chart (Mar 29 to Apr 26,2019):-

Just click on chart for its enlarged view

Technical Patterns formation in last 19 Sessions intraday charts
1- 19 Sessions sideways trading with lower levels supports and higher levels resistances
2- Supports between 11550-11611(Immediate Supports)
3- Resistances between 11754-11811
4- 19 Sessions actual trading between 11550-11811 

Intra Day Chart Analysis(26-04-2019)

Nifty-Intra Day Chart (26-Apr-2019):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- More than 4 hours consolidation between 11662-11693
2- Sharp up moves
3- Whole day actual trading between 11662-11762

Conclusions from EOD chart analysis 

1- Long Term Trend is up
2- Intermediate Term Trend is up
3- Short Term Trend is sideways between 11550-11811 for the last 19 Sessions

Rally is very much on and no signal of its completion yet but Short Term Trend is sideways between 11550-11811 for the last 19 sessions therefore finally sustaining it beyond will confirm next big moves which should be firstly watched in next month.

Conclusions from 19 Sessions intra day chart analysis 

Last 19 Sessions like big sideways trading between 11550-11811 is suggesting that Indian markets are preparing for next big moves. As lower levels supports and higher levels resisatnces have also developed within this range therefore nifty will firstly trade and prepare for next decisive moves within this range in the beginning of next week.

Conclusions from intra day chart(26-04-2019) analysis 

As firstly More than 4 hours consolidation between 11662-11693 and after that sharp moves and intraday selling was not seen therefore expected that last Friday started rally will remain continued in the beginninng of next week.

Conclusions (After Putting All Studies Together)

Finaly sustaining beyond last 19 Sessions trading range(11550-11851) will confirm next big trend which will be seen in next month just before or after Parliamentary Elections 2019 results date(23-05-2019) 

In fact Indian markets are preparing for post Election results next decisive moves within 11550-11811 and it will take its own time but expected that finally rally with new life time high formations will remain continued after follow up consolidation in the coming sessions.

Finally rally above 11811 after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(26-04-2019)

Nifty-Intra Day Chart (25-Apr-2019):-

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Technical Patterns formation in today intraday charts

1- More than 5 hours selling between 11712-11796
2- Sharp fall
3- Whole day actual trading between 11625-11796

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Finally rally continuation after few sessions follow up consolidation":-

1- market has to cool down through sideways trading near about today highest and that will be firstly done tomorrow.
2- Nifty will firstly trade and prepare for next decisive moves between 11611-11811

As was told yesterday,100% same happened today and firstly Nifty traded sideways more that 5 hours near about yesterday highest levels as well traded today whole within yesterday mentioned trading range(11611-11811).

Last 18 sessions trading between 11550-11811 with sharp rally after lower levels consolidation yesterday and Sharp fall after higher levels selling today therefore following next strong resistances and supports of Nifty has developed:- 

1- Supports between 11550-11611
2- Resistances between 11712-11811

In fact Indian markets are preparing for post Election results next decisive moves within 11550-11811 and it will take its own time but expected that finally rally above 11811 will remain continued after follow up consolidation in the coming sessions.

Finally rally continuation after few sessions follow up consolidation

Intra Day Chart Analysis & Market Outlook

(25-04-2019)

Nifty-Intra Day Chart (24-Apr-2019):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 11579-11611
2- More than 1% strong Pull back rally
3- Whole day actual trading between 11579-11740

Conclusions from intra day chart analysis 

Following line was told yesterday in "Pull back rally expectations":-

Pull back rally is expected tomorrow 

As was told yesterday,100% same happened and Nifty closed after gaining 150 points.

As very Short Term indicators have turned overbought after strong rally today and sentiment has been heated up also therefore market has to cool down through sideways trading near about today highest and that will be firstly done tomorrow.

Next last resistances of Nifty are lying just above today highest between 11739-11811 and market has to consolidate also for fresh rally therefore follow up moves should be firstly watched in the coming sessions.

As resistances just below 11811 and supports just below 11611 therefore Nifty will firstly trade and prepare for next decisive moves between 11611-11811 but expected that finally rally will remain continued after follow up consolidation in the next few sessions.

Pull back rally expectations

Intra Day Chart Analysis & Market Outlook

(24-04-2019)

Nifty-Intra Day Chart (23-Apr-2019):-

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Technical Patterns formation in today intraday charts

1- 5 Hours trading with Mixed Patterns formation between 11607-11645 
2- Slipping in last hour
3- Whole day actual trading between 11565-11645

Conclusions from intra day chart analysis 

Following 2 levels were updated yesterday in "Just watch next supports for the life of on going correction":- 

1- Selling between 11626-11692
2- Supports between 11550-11603

As Nifty traded whole day within above mentioned levels with 5 Hours trading with Mixed Patterns formation between 11607-11645 and clear selling or buying patterns were not seen therefore expected that nifty will trade and prepare for next decisive moves within yesterday mentioned above crucial levels(11550-11692).

Although nifty closed near the lower levels of the day after slipping in last hour but view will not be Bearish because today closing was within supports range(11550-11603) and Very Short Term indicators have turned oversold therefore a Pull back rally is expected tomorrow and sustaining above following levels will suggest fresh rally after on going correction completion:-

1- 11645
2- 11692 

Just watch next supports for the life of on going correction 

Intra Day Chart Analysis & Market Outlook

(23-04-2019)

Nifty-Intra Day Chart (22-Apr-2019):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 11626-11692
2- Whole day actual trading between 11584-11692

Conclusions from intra day chart analysis 

Following conlcusive line was told on 20-04-2019 in "Rally continuation amid only a Very Short Term correction possibility":-

As some selling was seen on 18-04-2018 therefore eruption of Very Short Term correction possibility 

As was told 100% same happened and correction was seen immediately after opening through gap down opening and slippping 70 points in first minute.

As more than 5 hours selling between 11626-11692 therefore some more down moves can not be ruled out and until complete consolidation will not develop till then Nifty will not sustain above 11692. 

Supports between 11550-11603 were updated on 13-04-2019 in "Minimum 10% rally after more than 350 seats victory of NDA on 23-05-2019" and Nifty closed within this range as well as firstly sustaining beyond this range should be watched in the coming sessions for the life of on going correction.

Rally continuation amid only a Very Short Term correction possibility

Technical Analysis,Research & Weekly Outlook

(Apr 22 to Apr 26,2019)

Nifty-EOD Chart (18-Apr-2019):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 beginning from 6825.80 on 29-02-2016 after 1 financial year(2015-16) correction completion.
2- Corrective  Wave 2 beginning after Wave 1 completion at 8968.70 on 07-09-2016
3- Wave 1 gained 2142.90 points
4- Impulsive Wave 3 beginning after Corrective Wave-2 completion at 7893.80 on 26-12-2016
5- Corrective  Wave 4 beginning after Wave 3 completion at 11760.20 on 28-08-2018 
6- Wave 3 gained 3866.40 points
7- Impulsive Wave 5 beginning after Corrective Wave-4 completion at 10004.55 on 26-10-2018
8- Impulsive Wave-5 continuation with new life time top formation at 11856.15 on 18-04-2018

Nifty-Intra Day Chart (18-Apr-2019):-

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Technical Patterns formation in today intraday charts

1- Profit booking and slipping after strong gap up opening and new life time high formations 
2- Last 5 hours trading with Mixed Patterns formation between 11739-11792  
3- Whole day actual trading between 11739-11856

Conclusions from EOD chart analysis

Indian markets are very much Bullish and new life time high formation was seen at 11856.15 in previous trading session on 18-04-2018. 

As per Elliott Wave theory calculation maximum target of on going Nifty rally is at 13870.95 and it is being explained as follows:-  

As per Elliott Wave theory "Wave-3 should not be shorter than both Wave-1 and Wave-5. Now impulsive Wave-5 is on and it should not gain more points than Wave-3 gained(3866.40 points).

Impulsive Wave-1 gained=2142.90 points(8968.70-6825.80)
Impulsive Wave-3 gained=3866.40 points(11760.20-7893.80)
Impulsive Wave-5 has gained 1851.60 points till 18-04-2018(11856.15-10004.55) 

As per Elliott Wave theory Wave-5 can gain 3866.40 points from its beginning level(10004.55 )which means that on going Wave-5 has potential to move up to 13870.95(10004.55+3866.40) 

Conclusions from intra day chart analysis(18-04-2018) 

Although strong gap up opening and new life time high formations at 11856.15 on 18-04-2019 but profit booking developed immediately after opening and nifty slipped more than 100 points in first hour which is first signal of Very Short term correction beginning. 

As last 5 hours trading with Mixed Patterns formation between 11739-11792 therefore firstly sustaining beyond this range should be watched in the beginning of next week for Very Short term correction beginning below 11739 and on going rally continuation after fresh consolidation above 11856.

Conclusions (After Putting All Studies Together)

Rally is very much on and its continuation is expected but all the indicators from very Short to Long term are overbought therefore correction is very much due but indicators remains overbought long time during Bull markets and until complete selling pattterns will not develop on EOD and intraday charts till then any deeper correction will not be seen.

As some selling was seen on 18-04-2018 therefore eruption of Very Short Term correction possibility but follow up selling is must and sustaining beyond 11739-11792 should be firstly watched in the beginning of next week for correction beginning or rally continuation after follow up consolidation. 

Rally continuation with new life time high formations

Intra Day Chart Analysis & Market Outlook

(18-04-2019)

Nifty-Intra Day Chart (16-Apr-2019):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Fresh up moves after gap up opening
2- More than 5 hours consolidation between 11768-11810
3- Whole day actual trading between 11732-11810

Conclusions from intra day chart analysis 

Firstly fresh up moves after gap up opening and after that more than 5 hours consolidation between 11768-11810 therefore rally continuation with new life time high formations is expected in the comimg sessions as well as 11768-11810 will be immediate support of Nifty.

Sideways market to prepare for next decisive up moves 

Intra Day Chart Analysis & Market Outlook

(16-04-2019)

Nifty-Intra Day Chart (15-Apr-2019):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Whole day up moves with intraday corrections 
2- Whole day actual trading between 11649-11704

Conclusions from intra day chart analysis 

Following lines were told at on 13-04-2019 in "Minimum 10% rally after more than 350 seats victory of NDA on 23-05-2019":-

finally rally continuation is expected above last Friday highest(11657) but follow up consolidation is also required because resistances between 11645-11682

As Nifty traded most time within above mentioned resistances today with intraday corrections therefore finally rally continuation is expected after follow up consolidation because more resistances are also lying between 11728-11761.

12 Sessions trading between 11550-11761 with lower levels buying and higher levels selling therefore still expected that nifty will remain sideways within this range tomorrow and prepare for next decisive up moves in the coming seeks.

Minimum 10% rally after more than 

350 seats victory of NDA
on 23-05-2019

Technical Analysis,Research & Weekly Outlook

(Apr 15 to Apr 19,2019)

Nifty-EOD Chart Analyis from 29-02-2016

Nifty-EOD Chart (12-Apr-2019):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-1 beginning from 6825.80 on 29-02-2016 after 1 financial year(2015-16) correction completion.
2- Corrective  Wave 2 beginning after Wave 1 completion at 8968.70 on 07-09-2016
3- Impulsive Wave 3 beginning after Corrective Wave-2 completion at 7893.80 on 26-12-2016
4- Corrective  Wave 4 beginning after Wave 3 completion at 11760.20 on 28-08-2018 
5- Impulsive Wave 5 beginning after Corrective Wave-4 completion at 10004.55 on 26-10-2018
6- Impulsive Wave-5 continuation with recent news top formation at 11761.00 on 03-04-2018

Conclusions from EOD chart analysis 

Indian markets are most Bullish and 5th wave of that rally continuation which started from 6825.80 on 29-02-2016. 

Although new life time high formations at 11761.00 on 03-04-2018 but since then Nifty has turned sideways between 11550-11761 for the last 11 sessions and valid break out of this range should be firstly watched in coming week/weeks for the next decisive big moves just before or after Election results on 23rd May 2019.  

Nifty-Micro Analysis of 11 Sessions Intra Day
 Chart(Mar 29 to Apr 12,2019)

Nifty-Intra Day Chart (Mar 29 to Apr 12,2019):-

Just click on chart for its enlarged view

Technical Patterns formation in last 11 Sessions intraday charts

1- 11 Sessions sideways trading with lower levels supports and higher levels resistances
2- Supports between 11550-11603(Immediate Supports)
3- 1st Resistance between 11645-11682
4- 2nd Resistance between 11728-11761
5- 11 Sessions actual trading between 11550-11761 

Conclusions from 11 Sessions intra day chart analysis 

As last 11 Sessions sideways trading between 11550-11761 with lower levels supports and higher levels selling therefore firstly nifty will remain sideways and prepare for next decisive moves within this range in the beginning of next week.

Intra Day Chart Analysis(12-04-2019)

Nifty-Intra Day Chart (12-Apr-2019):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation between 11579-11603(Immediate Supports)
3- Up moves with intraday corrections
4- Whole day actual trading between 11579-11657

Conclusions from intra day chart analysis 

As whole day good intraday consolidation last Friday through Down moves in Bullish Falling Channel,lower levels consolidation and last hours upmoves with intraday corrections therefore finally rally continuation is expected above last Friday highest(11657) but follow up consolidation is also required because resistances between 11645-11682 are also lying near about last Friday highest.

Conclusions (After Putting All Studies Together)

Impulsive Wave-5 continuation and as such big selling patterns formations have not been developed till now on EOD and intraday charts which may result big correction. Only 2 sessions intraday selling resistances are lying above last Friday highest which will weaken after 1/2 sessions intraday follow up consolidation. Although some selling developed between 11728-11761 on new life time formations day but lower levels strong supports have also developed in last 11 sessions. 

In fact Indian markets are waiting for clear signals from 2019 Parliamentary Elections but as per our views Nifty will witness strong rally above life time highest(11761) because we are expecting more than 350 seats victory for NDA and resultant minimum 10% rally will be seen after Election results declaration day(23-05-2019) but fresh rally will begin before this date also.

गणतंत्र दिवस की हार्दिक शुभकामनाएं

नए साल की हार्दिक शुभकामनायें

तुलसी पूजन दिवस : 25 दिसम्बर* की आपको एवं आपके परिवार को खूब-खूब बधाई एवं शुभकामनाये 
चूँकि हम अपने ही आँगन की अपनी तुलसी को संभाल नहीं पाए इसीलिए हमारे अपने बच्चे क्रिसमस ट्री के दीवाने हो गए और आज भी होते जा रहे है।
भारतीय संस्कृति अपनाओ भारत को विश्वगुरु बनाओ। 
सफ़ेद दाड़ी में बाबा नानक देव जी ही असली सेँटा क्लॉज़ हैँ, इसीलिए ही उनकी कृपा से सैकड़ों सालों से रोजाना गुरुद्वारोँ मेँ लाखोँ भूखोँ के पेट मेँ अन्न जाता है।

समस्त भारतवासियों को दशहरा की 

हार्दिक शुभकामनाएं 

Wishing you all Indian 

Happy Dussehra
--------------
अधर्म पर धर्म की जीत
अन्याय पर न्याय की विजय
बुरे पर अच्छे की जय जयकार
यही है दशहरे का त्यौहार
--------------
विजयदशमी की शुभकामनाएं

स्वतंत्र दिवस की शुभकामनाएं

आओ झुक कर सलाम करे उनको

जिनके हिस्से में ये मुकाम आता है; 

खुशनसीब होता है 

वो खून जो देश के काम आता है! 

चड़ गये जो हंसकर सूली,

खाई जिन्होने सीने पर गोली,

हम उनको प्रणाम करते हैं,

जो मिट गये देश पर… 

हम उनको सलाम करते हैं…

As not recovered yet therefore has not been able to update Stock Market Outlooks of this week. Expecting that I shal be able to post outlooks in next week(after 21-05-2018).

As not felling well therefore has not been able to update Stock Market Outlooks of last 2 sessions. Expecting that I shal be able to post outlooks from next week.

Donald Trump announcement on Iran nuclear accord

President Donald Trump wrote in a tweet that he will announce his decision on whether the US will pull out of the Iran nuclear accord at 2 p.m. ET on Tuesday(11:30 PM IST on Tuesday) in place of 12th May.

Just open following links for detailed news:-

1- https://edition.cnn.com/2018/05/07/politics/donald-trump-iran-nuclear-announcement/index.html
2- https://www.nytimes.com/2018/05/07/us/politics/trump-announce-withdraw-us-iran-deal.html

Crucial levels will confirm next trend

Intra Day Chart Analysis & Market Outlook

(08-05-2018)

Nifty-Intra Day Chart (07-May-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 10636-10663
2- Up moves with intraday corrections
3- Whole day actual trading between 10636-10725

Conclusions from intra day chart analysis 

As good intraday consolidation between 10602-10666 last Friday therefore strong rally today after positive opening because sharp up moves were seen in US markets last Friday and most Asian and European markets also remained positive whole day today. 

Nifty will firstly prepare for next decisive moves within last 6 sessions trading range(10602-10770) which is having following supports and resistances:-

1- Supports between 10602-10663
2- Resistances between 10722-10770

As per our view Indian markets have to react following 2 big news in next week:-

1- Donald Trump decision of sanctioning on Iran on 12-05-2018. Indian markets will react on this news on 14-05-2018 
2- Karnataka assembly election results which was previously indicaing hung Assembly after results but heavy crowd in Modi ji's public meetings is suggesting clear victory of BJP also. Indian markets will also react on this news on 14-05-2018 after Exit poll results on 12th May evening.

As last 6 sessions trading levels(10602-10770) has become most crucial therefore firstly sustaining it beyond should be watched for next trend confirmations