10671-10805 will confirm next decisive moves 

Intra Day Chart Analysis & Market Outlook

(20-09-2019)

Nifty-Intra Day Chart (19-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Continuous slipping after flat opening
2- Minor consolidation at lower levels in last 2 hours
3- Whole day actual trading between 10671-10845

Conclusions from intra day chart analysis 

As whole day lower levels supports and after that Mixed Patterns formation in last 3 hours yesterday therefore up moves expected today but sentiment turned dampened today morning due to depressing Asian markets therefore fresh down moves begun after flat opening.

Although continuous slipping but minor consolidation was also seen at lower levels in last 2 hours therefore some up moves may be seen tomorrow because Short Term Indicators have also turned Oversold.

Last supports of previous 33 sessions trading range(10638-11181) are between 10747-10805 and this support has been broken down today therefore until Nifty will not sustain above 10805 till then decisive up moves will not be seen and once sustaining below today lowest will mean more then 5% sharp fall possibility.

As Nifty closed near the lower levels of previous 33 sessions trading range(10638-11181) and last supports have also been broken down therefore firstly valid break out of 10671-10805 should be watched for above mentioned next decisive moves confirmations.

Firstly watch 10747 amid weaker Global markets 

Post-open Outlook(19-09-2019)

As Dow Jones Futures is trading more than 75 points down and all the Asian markers are weak as well as Hang Seng is more than 1% down today morning therefore sentiment turned weak and resultant weaker opening of Indian markets. 

Last supports of last 32 sessions are lying between 10747-10805 and sentiment is dampened today therefore firstly sustaining beyond 10747 should be watched for the next big decisive down moves confirmations. 

Pull back rally continuation expectations 

Intra Day Chart Analysis & Market Outlook

(19-09-2019)

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

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Lower levls supports between 10805-10825
3- Mixed Patterns formation between 10846-10873
4- Whole day actual trading between 10805-10885

Conclusions from intra day chart analysis 

Although firstly slipping after positive opening and moving also in negative zone but getting continuous supports at lower levels therefore today started Pull back rally continuation is expected. 

As Mixed Patterns formation between 10846-10873 also therefore follow up consolidation and once sustaining above 10873 will mean strong up moves towards and above 10950.

Watch levels amid a Pull Back Rally possibility

Intra Day Chart Analysis & Market Outlook

(18-09-2019)

Nifty-Intra Day Chart (17-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Selling immediately after opening
2- Selling between 10901-10934
3- Last Hours Down moves in Bullish Falling Channel
4- Whole day actual trading between 10797-11000

Conclusions from intra day chart analysis 

Following lines were told on 14-09-2019 in "Firstly watch 3 most crucial levels for next up Trend beginning confirmations":-

Short Term indicators have also turned over bought and Short Term correction can not be ruled out any day in next week. 

Following 3rd support was updated on 14-09-2019 in "Firstly watch 3 most crucial levels for next up Trend beginning confirmations":-

3- 10817-10861 

As Indian markets were overbought and negative development of Drone Attacks In Saudi Arab oil fields therefore Short Term correction was seen in last 2 sessions and Nifty closed exactly at 3rd support(10817.60) Today.  

Although firstly selling but some buying was also seen in last hours today through Down moves in Bullish Falling Channel and Very Short Term indicators have also turned over sold therefore a Pull Back Rally can not be ruled out.

As finally next decisive moves will be seen after sustaining beyond 10747-10934 and firstly Nifty will prepare for it within this range tomorrow therefore should be watched in the coming sessions.

As busy therefore Stock Market Outlook of today(17-09-2019) is not being updated.

Firstly watch immediate Supports for real impact of Drone Attacks 

Pre-open Outlook(16-09-2019)

As "Oil Prices soar Over 10% After Drone Attacks In Saudi Arab" therefore Dow Jones's Futures is trading more then 150 points down today morning hence some Asian markets are also weak resultant Indian markets will also open in negative zone. 

Immediate Supports are between 10946-10992 and firstly sustaining it beyond should be watched for real impact of Drone Attacks on Indian Stock Markets. 
--------------------

Oil Prices Soar Over 10% After Drone Attacks In Saudi Cut Output By Half

https://www.ndtv.com/world-news/saudi-aramco-attack-oil-prices-soar-over-10-after-drone-attacks-2101424?fbclid=IwAR2KziDSkIlXsC7gEx1PjLtz6e9eD9cQ2-7xuYi2b0nEVDKFVkHu4F3MqBg

Firstly watch 3 most crucial levels for next up Trend beginning confirmations

Technical Analysis,Research & Weekly Outlook

(Sep 16 to Sep 20,2019)

Nifty-Last 29 Sessions intraday charts analysis

Nifty-Intra Day Chart (Jul 31 to Sep 13,2019):-

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Technical Patterns formation in last 29 Sessions intraday charts

1- Last 29 Sessions trading with lower levels supports,higher levels selling and mixed Patterns formation  
2- 29 Sessions actual trading between 10638-11181 

Conclusions from 29 Sessions intra day chart analysis 

Nifty is trading and preparing for next big moves for the last 29 sessions between 10638-11181. Although Nifty closed at the top of week last Friday but still following resistances are lying within last 29 sessions trading range:- 

1- 11100-11141
2- 11147-11181

Follow up consolidation and finally sustaining above 11181 will mean minimum 5% sharp up moves which should be firstly watched in the beginning of next week.

Next supports below last Friday closing and within last 29 sessions trading range are as follows:-

1- 10946-10992
2- 10868-10904
3- 10817-10861 
4- 10747-10805

Nifty-Intra Day Chart Analysis(13-09-2019)

Nifty-Intra Day Chart (13-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- More than 3 hours consolidation between 10946-10992(Immediate Supports)
2- Last 2 hours up moves with intraday corrections.
3- Whole day actual trading between 10946-11084

Conclusions from intra day chart analysis 

As firstly more than 3 hours good consolidation therefore up moves with intraday corrections were seen in 2 hours and no selling patterns formations hence up moves continuation is expected towards next resistances(11100-11141).

Conclusions (After Putting All Studies Together)

As no material change on EOD charts in previous week therefore EOD charts Analysis is not being updated and same view on it which was posted in previous weekly Analysis

Long and Intermediate Term Trends are down and Short Term Trend is sideways between 10638-11181 for the last 29 sessions. 

Although finally sustaining beyond last 29 sessions trading range will produce big moves but firstly sustaining beyond immediate resistance range(11100-11141) should be watched in the beginning of next week because Short Term indicators have also turned over bought and Short Term correction can not be ruled out any day in next week. 

As follow up consolidation and finally sustaining above 11141 will produce first signal of 29 sessions trading range break out but Intermediate Term Trend will turn up after sustaining above 11181 and Long Term Trend will be up after moving above its decider 200-Day SMA(today at 11222). 

As previous week closing was at the highest of the week therefore firstly watch above 3 most crucial levels(11141,11181,11222) for next up Trend beginning confirmations. 

Firstly watch level for more than 100 points down moves confirmations

Intra Day Chart Analysis & Market Outlook

(13-09-2019)

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

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Technical Patterns formation in today intraday charts

1- Selling between 11039-11081
2- Slow down moves in last 2 hours
3- Whole day actual trading between 10965-11081 

Conclusions from intra day chart analysis 

Although Green closing yesterday but we told following lines at 10:55 PM yesterday in "Emergence of Short Term down moves possibility":- 

"higher levels selling patterns formations therefore emergence of Short Term down moves possibility"

We told for down moves under that Bullish sentiments when:-

1-Dow Jones was trading more than 125 points plus yesterday.
2-DAX(of Germany) closed 90 points up at 9 PM yesterday. 
3-FTSE(of England) closed 70 points up at 9 PM yesterday.
4-CAC 40(of France) closed 90 points up at 9 PM yesterday.
5-DIIs were net buyers in Equity cash by Rs 1132.42 Crores yesterday. 
6-FIIs were net buyers in all sections(Equity cash,Index Futures and Index Futures) 

Although all the Business Channels were also Bullish today morning but we were Bearish because:-

1- Higher levels selling patterns formations yesterday.
2- Selling was seen above 10990 last Monday also.

As all the Global markets were Bullish before Indian markets opening therefore firstly up moves were seen after positive opening but follow up selling developed ta higher levels therefore Nifty closed below 10990 today because selling was seen above it in the last 2 Green closing sessions.

Although today closing was near the lower levels of the day but last 2 hours down moves were slow therefore some buying can not be ruled out and firstly follow up moves with following levels should be watched for next decisive moves confirmations:-

1- Last 3 sessions selling was between 10990-11081 and until Nifty will not sustain above 11081 after complete consolidation till then next up moves will not be seen.
2- Immediate supports below today lowest are between 10868-10904

Although Nifty will firstly trade and prepare for next decisive moves between 10868-11081 but sustaining below 10990 will be strong indication of slipping below 10868 therefore should be firstly tomorrow for this more than 100 points down moves confirmations because Nifty has closed below it also today. 

Emergence of Short Term down moves possibility

Intra Day Chart Analysis & Market Outlook

(12-09-2019)

Nifty-Intra Day Chart (11-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Selling between 11036-11054
2- Whole day actual trading between 11012-11054

Conclusions from intra day chart analysis 

As most Asian markets were Bullish and 2 were more than 1% up today morning therefore Green closing after whole day positive zone trading but higher levels selling patterns formations therefore emergence of Short Term down moves possibility.

As selling was seen above 10990 last Monday therefore once sustaining below it will mean sharp down moves.

Levels will confirm next moves

Intra Day Chart Analysis & Market Outlook

(11-09-2019)

Nifty-Intra Day Chart (09-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Sharp up after weaker opening 
2- More than 4 hours Up moves in Bearish Rising Channel
3- Slipping from higher levels
4- Last Hour trading with Mixed Patterns formation
5- Whole day actual trading between 10890-11028

Conclusions from intra day chart analysis 

As good consolidation between 10868-10904 on 06-09-2019 therefore not slipping below it after weaker opening and sharp up moves were seen after getting supports within it last Monday. 

Nifty traded more than 4 hours with Up moves in Bearish Rising Channel which is first indication of fresh selling therefore Nifty slipped from higher levels but last Hour trading was with Mixed Patterns formations also hence more than 5 hours trading of last Monday will be understood with Mixed Patterns formation between 10967-11028 and firstly valid break out of this range should be watched tomorrow for:-

1- Above 11028 will mean up moves continuation towards next resistances between 11100-11141
2- Below 10967 will mean fresh down moves beginning towards next supports between 10868-10904

Break out of 25 sessions like big Nifty trading range will produce big moves

Technical Analysis,Research & Weekly Outlook

(Sep 09 to Sep 13,2019)

Nifty-EOD Chart Analysis(Corrective Waves)

Nifty-EOD Chart (06-Sep-2019):-

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Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 completion after life time top formation at 12103.00 on 03-06-2019 and corrective Wave-A of "ABC" correction beginning
2- Corrective Wave-A continuation with recent bottom formation at 10637.15 on 23-08-2019
3- 25 Sessions sideways trading between 10638-11181

Conclusions from EOD chart analysis 

Corrective Wave-A of "ABC" correction continuation after Impulsive Wave-5 completion at 12103.00 on 03-06-2019. 

Last 25 Sessions sideways trading between 10638-11181 and finally sustaining beyond this range will confirm fate of Wave-A because above 11181 will mean strong rally after Wave-B beginning and Wave-A completion confirmation. Below 10638 will confirm Wave-A continuation towards next psychological level at 10000.

Nifty-Intra Day Chart Analysis(06-09-2019)

Nifty-Intra Day Chart (06-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Consolidation between 10868-10904
2- Mixed Patterns formation between 10914-10957
3- Whole day actual trading between 10868-10957

Conclusions from intra day chart analysis 

As Most Asian markets were positive in the morning and Tax relaxation expectations from the Press Conference of Finance Minister Nirmala Sitaraman which was scheduled in Friday evening therefore good opening and firstly more than 2 hours consolidation as well as whole day up moves were seen.

Immediate resistances were between 10850-10940 and Nifty traded whole day within this range with lower levels consolidation and higher levels more than 3 hours trading with Mixed Patterns formation. 

As Indian markets have to react in next week on Press Conference therefore firstly sustaining beyond Mixed Patterns trading range(10914-10957) should be watched next Monday for its following impact on Indian stock markets:- 

1- Once sustaining above 10957 will mean sharp rally towards next resistances between 11100-11141
2- As good consolidation above 10868 therefore until complete fresh selling will not develop below 10914 till then decisive down moves will not be seen. 

Conclusions (After Putting All Studies Together)

Long and Intermediate Term Trends are down and Short Term Trend is sideways between 10638-11181 for the last 25 sessions. 

Finally valid break out of Short Term 25 sessions trading range will confirm fate of Long and Intermediate Term Trends because big moves will be seen after its break out.

Next supports within last 25 sessions trading range are as follows:-

1- 10868-10904
2- 10747-10805

Next resistances within last 25 sessions trading range are as follows:-

1- 11100-11141
1- 11147-11181

It is confirm that finally big moves will be produced after 25 sessions like big Nifty trading range valid break out. Let it happen till then trading strategies should be according to above given supports and resistances because Nifty will trade and prepare for those big moves within this 25 sessions range(10638-11181) in the next week/weeks.

24 Sessions sideways market break out confirmation from Levels

Intra Day Chart Analysis & Market Outlook

(06-09-2019)

Nifty-Intra Day Chart (05-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Selling between 10872-10920
2- Last 4 hours trading with Mixed Patterns formation between 10817-10861 
3- Whole day actual trading between 10817-10920

Conclusions from intra day chart analysis 

As Dow's Futures was trading more than more than 200 points up and all the Asian markets were trading in Green as well as some were more than 0.50% up therefore sentiment was Bullish today morning resultant firstly up moves seen after positive opening. 

More than 5 hours selling was seen between 10850-10940 on 03-09-2019 and fresh selling developed within this range today resultant this range has become stronger and immediate resistance of Nifty.

Nifty consolidated between 10747-10805 yesterday and Nifty traded whole day above it today. Selling was done between 10815-10858 yesterday and 4 hours trading with Mixed Patterns formation developed within it between 10817-10861 today. 

As Indian markets are trapped within lower levels supports and higher levels selling  therefore following trading ranges should be watched for next decisive moves beginning/confirmations:-

1- 10815-10861(First signal of next moves beginning)
2- 10872-10940(10940 for next up moves)
3- 10739-10805(10739 for next down moves)

24 Sessions sideways trading between 10638-11181 with higher levels resistances and lower levels supports. Although finally this range will confirm next big moves but as per present technical positions above given 3 Levels will signal/confirm 24 Sessions trading range break out. 

Firstly fresh technical positions formations and then Levels will confirm given next decisive moves

Intra Day Chart Analysis & Market Outlook

(05-09-2019)

Nifty-Intra Day Chart (04-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Minor consolidation between 10747-10770
3- Consolidation between 10786-10805
4- Selling between 10815-10858
5- Whole day actual trading between 10747-10858

Conclusions from intra day chart analysis 

Although firstly slipping after flat opening but lower levels some consolidation developed therefore slow up moves were seen which converted into selling in the last more than 2 hours therefore today trading will understood with Mixed patterns formations.

Last support of the last 23 sessions trading range is between 10739-10772 and Nifty consolidated within and above it. Immediate resistances above today highest were between 10850-10940 and last hours selling was seen just below it today therefore fresh technical positions formations and sustaining beyond today trading range(10747-10858) tomorrow will confirm following decisive moves:-

1- Above 10858 will confirm some up moves but follow up consolidation is must because resistances above it are strong.
2- Below 10747 will mean breaking down of last supports of previous 23 sessions trading range which mean emergence of sharp fall possibility after it if break down will be forceful. 

Finally correction continuation 

Intra Day Chart Analysis & Market Outlook

(04-09-2019)

Nifty-Intra Day Chart (03-Sep-2019):-

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Technical Patterns formation in today intraday charts

1- More than 5 hours selling between 10850-10940
2- Down moves in last hour
3- Whole day actual trading between 10773-10940

Conclusions from intra day chart analysis 

As announcement of GDP growth falling to 6-yr low at 5% came after Indian markets closing hours last Friday therefore its reaction was seen today through much weaker opening and after that more than 5 hours fresh selling between 10850-10940 which was within immediate supports range(10875-10948)

3rd Supports between 10739-10772 was updated on 31-08-2019 in "Firstly watch Levels for the next 5% decisive moves" and Nifty formed today lowest at 10772.70. As this support is last support of last 22 sessions range(10638-11181) therefore once sustaining below 10739 will mean corrective Wave-A continuation towards news lows.

As Very Short Term indicators have turned oversold therefore only a dead cat bounce may be seen which will not be able to move above 10940 but slipping below 10773 after fresh selling will mean correction continuation below 10638 which is finally expected also.

Nifty Levels will confirm the impact of GDP growth falling to 6-yr low at 5% 

Pre-open Outlook(03-09-2019)

As negative surprise of GDP growth falling to 6-yr low at 5% in June quarter came after the closing of indian markets last Friday therefore Indian markets will firstly react on this negative news on next trading day i.e. 03-09-2019.

Although analysts were expecting GDP at 5.7% but it came much below it therefore indian markets will firstly react through weaker opening of Indian markets on 03-09-2019. As Nifty got supports and consolidated between 10875-10992 last Friday therefore firstly sustaining beyond this range should be watched for the confirmations of this negative news real imapact on Indian markets.

Firstly watch Levels for the next 5% decisive moves

Technical Analysis,Research & Weekly Outlook

(Sep 03 to Sep 06,2019)

Nifty-EOD Chart Analysis(Corrective Waves)

Nifty-EOD Chart (30-Aug-2019):-

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Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 completion after life time top formation at 12103.00 on 03-06-2019 and corrective Wave-A of "ABC" correction beginning
2- Corrective Wave-A continuation with recent bottom formation at 10637.15 on 23-08-2019
3- 21 Sessions sideways trading between 10638-11181

Nifty-Last 21 Sessions intraday charts analysis

Nifty-Intra Day Chart (Jul 31 to Aug 30,2019):-

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Technical Patterns formation in last 21 Sessions intraday charts

1- Last 21 Sessions trading with lower levels supports,higher levels selling and mixed Patterns formation
2- 21 Sessions actual trading between 10638-11181 

Nifty-Intra Day Chart Analysis(30-08-2019)

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

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Technical Patterns formation in today intraday charts

1- Selling between 11003-11022
2- Consolidation in negative zone(below previous close(10948.30) between 10875-10948
2- Consolidation in positive zone(above previous close(10948.30) between 10948-10992
3- Whole day actual trading between 10875-11042

Conclusions from EOD chart analysis 

Corrective Wave-A of "ABC" correction continuation after Impulsive Wave-5 completion at 12103.00 on 03-06-2019. During on going correction Nifty got supports within those strong supports(10583-10694) levels which were updated on 03-08-2019 in "11080 will confirm only a strong Pull Back Rally amid finally correction continuation expectations" and Nifty is sustaining above it for the last 6 sessions after 505 points sharp jump in the next 3 sessions.

Conclusions from 21 Sessions intra day chart analysis 

As last 21 Sessions trading between 10638-11181 with lower levels supports,higher levels selling and mixed Patterns formations also therefore Nifty will firstly trade and prepare for next decisive moves within this range in next week and finally sustaining beyond this range will confirm it.

Conclusions from intra day chart analysis

As firstly selling therefore nifty slipped 149 points in first 3 hours and traded also 73 points down but Consolidated more than 1 hour in negative zone. Follow up consolidation also developed in positive zone therefore closing was seen near higher levels after sharp up moves in last hour. 

As lower levels good consolidation last Friday therefore up moves towards next resistances are expected in the beginning of next week.

Conclusions (After Putting All Studies Together)

Long and Intermediate Term Trends are down and Short Term Trend is sideways between 10638-11181 for the last 21 sessions. 

As last 21 sessions lowest(10638) is between those strong supports(10583-10694) levels which were updated on 03-08-2019 and 27.0% retracement levels(10677) is also lying within mentioned strong supports range as well as Nifty jumped 505 points in the next 3 sessions after the lowest formation at 10638 therefore Wave-B formation first signal emerged to correct the fall of Wave-A.

Next supports within last 21 sessions trading range are as follows:-

1- 10875-10992
2- 10810-10860
3- 10739-10772

Next resistances within last 21 sessions trading range are as follows:-

1- 11100-11141
1- 11147-11181

As above supports and resistances are within last 21 sessions trading range(10638-11181) therefore Nifty will firstly trade and prepare for next decisive moves within this range in next week and finally sustaining beyond this range will confirm following next more than 5% moves which should be firstly watched in next week:-

1- Above 11181 will be first strong signal and sustaining above Long Term Trend decider 200-Day SMA(today at 11209) will confirm formation of Wave-B to correct Wave-A fall from 12103 to 10638.
2- Below 10638 will mean Wave-A continuation towards 38.2% retracement level which is at 10086. 

Correction continuation expectations

Intra Day Chart Analysis & Market Outlook

(30-08-2019)

Nifty-Intra Day Chart (29-Aug-2019):-

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Technical Patterns formation in today intraday charts

1- Selling between 10974-11019
2- Selling between 10982-11021
3- Down moves in Bullish Falling Channels
4- Whole day actual trading between 10922-11021

Conclusions from intra day chart analysis 

Although some consolidation at lower levels through Down moves in Bullish Falling Channels but higher levels good selling was also seen therefore correction continuation is expected.

As lower levels consolidation therefore valid break down of today lowest should also be watched because that will confirm sharp fall.

As busy therefore Stock Market Outlook of today(29-08-2019) is not being updated.

Follow up selling tomorrow will mean decisive down moves

Intra Day Chart Analysis & Market Outlook

(28-08-2019)

Nifty-Intra Day Chart (27-Aug-2019):-

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Technical Patterns formation in today intraday charts

1- Most time sideways trading between 11080-11141
2- At higher levels up moves in Bearish Rising Channels
3- Lower levels supports
4- Whole day actual trading between 11050-11141

Conclusions from intra day chart analysis

1st Resistances between 11086-11181 were updated yesterday in "Watch levels for rally continuation confirmations" and Nifty traded most time within this range today.

Although today closing was near the higher levels of the day but higher levels selling was also seen through up moves in Bearish Rising Channels. As today selling was within above mentioned resistance range therefore emergence of down moves possibility

As some supports were also seen at lower levels today therefore once follow up selling tomorrow will mean decisive down moves will be seen below today lowest. 

Watch levels for rally continuation confirmations

Intra Day Chart Analysis & Market Outlook

(27-08-2019)

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

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Technical Patterns formation in today intraday charts

1- Sharp down after strong gap up opening.
2- Whole day up moves with intraday consolidations
3- Whole day actual trading between 10757-11070

Conclusions from intra day chart analysis 

Although firstly sharp down after gap up opening but after that whole day up moves with intraday consolidations and selling patterns were not seen today therefore last Friday started rally continuation is expected. 

As Very Short Term indicators have turned overbought after last 2 sessions strong rally and following next resistances are lying just above today highest therefore fresh consolidation is firstly required for rally continuation:-

1- 11086-11181
2- 11200-11292
3- 11311-11393

Strong supports were told between 10583-10694 on 03-08-2019 in "11080 will confirm only a strong Pull Back Rally amid finally correction continuation expectations" and 27.0% retracement level(at 10677) is also within these supports as well as Nifty completed 27.0% retracement through lowest formation at 10637.15 last Friday therefore emergence of Wave-B beginning possibility because Nifty jumped 433 points in last 2 sessions after forming bottom within mentioned supports range and testing of 27.0% retracement level.

Long Term Trend decider 200-Day SMA is today at 11200 and above  mentioned multiple resistances after lying below and above 11200 therefore firstly sustaining beyond it should be watched for 1st strong signal of Wave-B beginning.

As above mentioned resistances are above 11086 therefore follow up complete consolidation is must and firstly its happening as well as sustaining above it should be watched for last Friday started rally continuation confirmations.