Firstly watched immediate Supports tomorrow 

Nifty-Intra Day Chart Analysis & 

Market Outlook(10-07-2020)

Nifty-Intra Day Chart (09-Jul-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 10755-10799(Immediate Supports)
2- Up moves in Bearish Rising Channels
3- Whole day actual trading between 10733-10836

Conclusions from intra day chart analysis 

Although firstly consolidation after positive opening but after that selling also in last hours through Up moves in Bearish Rising Channels therefore sustaining beyond immediate Supports(10755-10799) should be firstly watched tomorrow amid than 2% slipping of Dow Jones at this moment today.

WHO says airborne transmission possible

Although Indian markets traded most time positive and Bank Nifty with good gains but sharp fall was seen after 02:30 PM today because this news was published at 1:29 PM today:-

WHO says airborne transmission possible

(Just click above topic link and go through whole news)

Next Gap supports will decide the life of today started correction 

Nifty-Intra Day Chart Analysis & 

Market Outlook(09-07-2020)

Nifty-Intra Day Chart Analysis(08-Jul-2020)

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10807-10847
2- Sharp fall in last hour
3- Whole day actual trading between 10677-10847

Conclusions from intra day chart analysis 

Rally continuation was expected and it was seen also today but when Nifty was trading at 10820 then we saw  some selling indications therefore told following lines at 02:25 PM today in"Mid-session Outlook(08-07-2020)":-

some selling indications developed today therefore firstly sustaining beyond today trading range of at this time(10766-10847) should be watched now for next moves confirmations.

As sharp fall in last hour after higher levels selling and got support within next Gap supports range(10632-10695) and closed just above it therefore firstly sustaining beyond this supports range should be watched tomorrow for the life of today started correction.

Mid-session Outlook(08-07-2020)

Although sideways flat trading since opening today and now trading in Green also but some selling indications developed today therefore firstly sustaining beyond today trading range of at this time(10766-10847) should be watched now for next moves confirmations.

Rally continuation towards 11184.70

Nifty-Intra Day Chart Analysis & 

Market Outlook(08-07-2020)

Nifty-Intra Day Chart (07-Jul-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10754-10793
2- Down moves in Bullish Falling Channel
3- Consolidation between 10690-10720
4- Consolidation between 10742-10792
5- Whole day actual trading between 10690-10813

Conclusions from intra day chart analysis 

Although firstly selling after positive opening but after that Down moves in Bullish Falling Channel and lower levels consolidation therefore up moves were seen in Mid-Session.

As again good consolidation after 12:30 PM therefore today closing was near the higher levels of the day. Indian markets out performed all the Global markets in following manner today because Nifty closed in Green at that time when:-

1- Dow Jones Futures was trading more than 280 points down.
2- Most European Markets were trading more than 1% down
3- Most Asian markets closed in Red and some more than 1% down.

As Indian markets out performed all the Global markets and good intraday consolidation was seen today therefore Rally continuation is expected towards 11184.70(100% Fibonacci Extension Target of Wave-c of Wave-B):-

Calculation of 11184.70 was updated on 06-06-2020 in "Rally continuation amid only Short Term Correction expectations"

(Just click on above topic link and go through full Outlook)

Levels will confirm next decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(07-07-2020)

Nifty-Intra Day Chart (06-Jul-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- More than 4 hours slow up moves
2- Sharp fall
3- Last 2 hours sideways trading between 10750-10785
4- Whole day actual trading between 10696-10811

Conclusions from intra day chart analysis 

As Dow Jones Futures was trading more than 250 points up and all the Asian markets were also more than 1% up therefore sentiment was blasting today morning hence strong gap up opening of Indian markets. First 4 hours up moves were slow in such heated sentiment and some profit booking at higher levels therefore sharp fall was seen in Mid-session.

Last 2 hours sideways trading was between 10750-10785 and some selling was seen above it as well as Short Term Indicators have turned Overbought therefore firstly Nifty will trade and prepare for next moves within and near about 10750-10785,firstly sustaining it beyond should be watched tomorrow for next decisive moves beginning confirmations. 

03 July 2020 lowest will confirm Short term correction beginning

Nifty & Bank Nifty Weekly Outlook

(Jul 06 to Jul 10,2020)

Nifty-EOD Chart Analysis 

(Wave-B structure & Trendline)

Nifty-EOD Chart (03-Jul-2020):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-A completion at 7511.10 on 24-03-2020 and Wave-B beginning
2- Wave-a of Wave-B completion at 9889.05 on 30-04-2020
3- Wave-b of Wave-B completion at 8806.75 on 16-05-2020
4- Wave-c of Wave-B continuation with recent top formation at 10631.30 on 03-07-2020
5- Trendline now at 10080

Conclusions from EOD chart analysis

(Wave-B structure & Trendline)

Wave-c of Wave-B continuation with recent top formation at 10631.30 and no confirmation of its completion yet. As Wave-B continuation on a trendline which is now at 10080 therefore whenever correction starts then sustaining beyond this trendline should be firstly watched for the confirmation Wave-B life.

Nifty-Intra Day Chart Analysis

(03-Jul-2020)

Nifty-Intra Day Chart (03-Jul-2020):-

Technical Patterns formation in today intraday charts

1- Selling between 10587-10631 
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 10563-10631

Conclusions from intra day chart analysis 

Whole day sideways trading with most time selling and after that Bearish pattern formation of Up moves in Bearish Rising Channel therefore signals of Short Term correction beginning.

Nifty-conclusions

(After Putting All Studies Together)

1- Long term trend is down and it will be up after sustaining above its decider 200-Day SMA(Today at 10889)
2- Intermediate term trend is up
3- Short term trend is up

Next supports of Nifty are as follows:-

1- 10299-10358
2- 10400-10447
3- 10224-10320
4- 10082-10133
5- 9866-9922

Next resistances of Nifty are as follows:-

1- 10587-10631
2- 10751-10827(Gap resistance)

As Short Term indicators have turned overbought and Nifty is testing upper band of Bollinger Band therefore signals of strong Short Term correction beginning because intraday charts of 03-07-2020 have also shown selling patterns formation. 

Follow up selling and once sustaining below 10563 will mean Short Term correction beginning towards above mentioned supports. 

Trendline of Wave-B is now at 10080 and its valid break down will mean deeper correction beginning because that will be strong signal of Wave-B completion and   Wave-C beginning towards and below the origin of Wave-B(7511.10) 

Bank Nifty-EOD Chart Analysis

(Wave-B structure)

Bank Nifty-EOD Chart (03-Jul-2020):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-A completion at 16116.30 on 24-03-2020 and Wave-B beginning
2- Wave-a of Wave-B completion at 21967.00 on 30-04-2020
3- Wave-b of Wave-B completion at 17105.75 on 22-05-2020
4- Wave-c of Wave-B continuation with recent top formation at 22479.5 on 24-06-2020
5- 10 sessions sideways trading between 20926-22479

Conclusions from EOD chart analysis

(Wave-B structure)

Wave-c of Wave-B continuation with recent top formation at 22479.5 and no confirmation of its completion yet but last 10 sessions sideways trading between 20926-22479 and sustaining below 20926 will confirm deeper correction after Wave-B completion.

Bank Nifty-Intra Day Chart Analysis

(03-Jul-2020)

Bank Nifty-Intra Day Chart (03-Jul-2020):-

Technical Patterns formation in today intraday charts

1- Sharp fall after positive opening
2- Selling between 21871-22074
3- Selling between 21808-21096
4- Whole day actual trading between 21768-22130

Conclusions from intra day chart analysis 

Although positive opening but after that sharp fall and whole day good selling firstly after some up moves and at lower levels in last 2 hours therefore down moves are expected below day's lowest(21768) in the beginning of next week.

Bank Nifty-conclusions

(After Putting All Studies Together)

1- Long term trend is down and it will be up after sustaining above its decider 200-Day SMA(Today at 26491)
2- Intermediate term trend is up
3- Short term trend is up 

Next supports of Bank Nifty are as follows:-

1- 21224-21387
2- 21046-21193

Next resistances of Bank Nifty are as follows:-

1- 21808-22074
2- 22160-22220
3- 22252-22365

As Short Term indicators have moves down from Overbought zone and leading indicators are showing negative divergence also therefore strong signals of Short Term correction beginning.

Last 10 sessions trading between 20926-22479 and its valid break down will mean deeper correction beginning because that will be strong signal of Wave-B completion and Wave-C beginning towards and below the origin of Wave-B(16116.30) 

As intraday charts of 03-07-2020 are showing good selling patterns formation therefore expected that weakness and down moves towards above mentioned supports will be seen in the beginning of next week. 

conclusions

(After Putting All Studies Together)

If weakness develops in Indian Stock markets in next week then Bank Nifty will lead because good selling was seen in last 2 sessions of previous week.

Firstly sustaining below last Friday(03-07-2020) lowest should be watched in the beginning of next week because that will confirm Short term correction beginning.

Watch level for the life confirmation of on going rally

Nifty-Intra Day Chart Analysis &

Market Outlook(03-07-2020)

Nifty-Intra Day Chart Analysis(02-Jul-2020)

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 10486-10517
2- Slow up moves
3- Selling between 10560-10598
4- Whole day actual trading between 10486-10598

Conclusions from intra day chart analysis 

Following lines were told yesterday in "10426 will confirm more Up moves ":-

more up moves are expected towards

next resistances(10553-10596).

As Nifty traded last 2 hours within yesterday mentioned next resistances(10553-10596) and today highest was just above it at 10598.20 and today closing was just below it at 10551.70 therefore this resistance range has become most crucial because follow up selling was seen within this range today also and once sustaining below it(10553) will mean emergence of deeper correction possibility. 

Although some supports at lower levels today but after that up moves were slow and higher levels selling also therefore firstly follow up moves and finally sustaining beyond 10553 should be watched in the coming sessions for the life confirmation of on going rally.

10426 will confirm more Up moves 

Nifty-Intra Day Chart Analysis & 

Market Outlook(02-07-2020)

Nifty-Intra Day Chart Analysis(01-Jul-2020)

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 10299-10358
2- Consolidation between 10400-10447
3- Whole day actual trading between 10299-10447

Conclusions from intra day chart analysis 

As Dow Jones closed more than 200 points up yesterday therefore all the Asian markets were trading in Green hence positive opening of Indian markets and consolidated between 10299-10358 and after that up moves were seen. 

Previous resistances were between 10402-10426 and selling was seen between  Selling between 10353-10401 also yesterday also therefore Nifty traded within and near about these levels and consolidated in last more than 2 hours between 10400-10447 and closed above previous resistance at 10430 hence more up moves are expected towards next resistances(10553-10596).

As nowadays all the Global markets remains highly volatile and react also sharply on Covid-19 new development therefore firstly sustaining above previous resistances(10426) should also be watched for more up moves confirmations.

Follow up selling tomorrow will mean huge fall possibility

Nifty-Intra Day Chart Analysis & 

Market Outlook(01-07-2020)

Nifty-Intra Day Chart Analysis(01-Jun-2020)

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 10353-10401(Immediate Resistances)
2- Sharp fall
3- Sideways trading in last hour between 10268-10320
4- Whole day actual trading between 10268-10401

Conclusions from intra day chart analysis 

Following lines were told yesterday in "Up moves towards following next resistances":-

up moves are expected above today highest and towards following next resistances:-

1- 10402-10426
2- 10596-10553

As was told 100% same happened and Up moves were seen towards first resistances(10402-10426) and today highest was just below it at 10401.05.

As firstly good selling therefore sharp fall was seen after 02:00 PM and more down moves are expected tomorrow. 

Sideways trading was seen in last hour between 10268-10320 and next supports are just below it between 10224-10276 hence Nifty will firstly trade and prepare for next decisive moves between and near about 10224-10320 tomorrow. 

As higher levels good selling today and follow up selling tomorrow will mean emergence of huge fall possibility,its confirmation will be after sustaining below 10224 

Up moves towards following next resistances

Nifty-Intra Day Chart Analysis &

Market Outlook(30-06-2020)

Nifty-Intra Day Chart Analysis(29-Jun-2020)

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Consolidation between 10224-10276
3- Whole day actual trading between 10224-10337

Conclusions from intra day chart analysis 

Following conclusive lines were told at 11:13 PM on 26-06-2020 in "Short Term correction continuation towards next supports":-

expected that Short Term correction will remain continued towards following next supports in next week.

Next supports of Nifty are as follows:-

1- 10312-10340
2- 10210-10244
3- 10082-10133
4-  9866-9922

As was told 100% same happened and correction remained continued towards 2nd supports range(10210-10244) at 10312.40 as well as Nifty closed 70.60% down today.

Although whole day sideways trading was seen with lower consolidation also between 10224-10276 therefore up moves are expected above today highest and towards following next resistances:-

1- 10402-10426
2- 10596-10553

As last 6 sessions trading between 10195-10553 with lower levels supports and higher levels selling within this range therefore expected that Nifty will remain sideways within this range and prepare for next big moves in the coming sessions. Let it happen and get Nifty prepared then will be understood and updated according to intraday patterns formations of the coming sessions.

Short Term correction continuation towards next supports

Technical Analysis,Research & Weekly Outlook

(Jun 29 to Jul 03,2020)

Nifty-EOD Chart Analysis

(Corrective Waves)

Nifty-EOD Chart (26-Jun-2020):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 completion at 12430.50 on 20-01-2020 and Wave-A of "corrective ABC Waves" beginning
2- Corrective Wave-A completion at 7511.10 on 24-03-2020 and Wave-B beginning
3- Wave-B continuation with recent top formation at 10553.1 on 24-06-2020

Conclusions from EOD chart analysis

(Corrective Waves)

Wave-B of "corrective ABC" continuation and no confirmation of its completion yet.

Nifty-EOD Chart Analysis

(Wave-B structure)

Nifty-EOD Chart (26-Jun-2020):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-A completion at 7511.10 on 24-03-2020 and Wave-B beginning
2- Wave-a of Wave-B completion at 9889.05 on 30-04-2020
3- Wave-b of Wave-B completion at 8806.75 on 16-05-2020
4- Wave-c of Wave-B continuation with recent top formation at 10553.1 on 24-06-2020

Conclusions from EOD chart analysis

(Wave-B structure)

Wave-c of Wave-B continuation and no confirmation of its completion yet.

Nifty-EOD Chart Analysis

(Bollinger Band & Stochastic)

Nifty-EOD Chart (26-Jun-2020):-

Technical Patterns and Formations in EOD charts

1- Hovering around upper band of Bollinger Band
2- Stochastics moving down from oversold zone. 
3- Stochastic-%K(5) is at 54.18 & %D(3) is at 68.99

Conclusions from EOD chart analysis

(Bollinger Band & Stochastic)

As Nifty is hovering around upper band of Bollinger Band for the last 4 sessions and Short Term indicator Stochastics has started to move down from oversold zone therefore strong signals of Short Term correction beginning. 

Nifty-Intra Day Chart Analysis

(26-Jun-2020)

Nifty-Intra Day Chart (26-Jun-2020):-

Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10353-10406
2- Selling between 10340-10384
3- Down moves in Bullish Falling Channel
4- Up moves with downward corrections
5- Whole day actual trading between 10312-10409

Conclusions from intra day chart analysis 

Although firstly Mixed Patterns formation and selling also between 10340-10384 but after that consolidation was also seen in last 3 hours through Down moves in Bullish Falling Channel and Up moves with downward corrections therefore whole day last Friday trading will be understood with Mixed Patterns formation between 10312-10409 hence sustaining it beyond should be watched in the beginning in next week for next decisive moves confirmations.

Conclusions

(After Putting All Studies Together)

1- Long term trend is down and it will be up after sustaining above its decider 200-Day SMA(Today at 10901.4)
2- Intermediate term trend is up
3- Short term trend is up

As both consolidation and selling patterns formations were seen between 10312-10409 in the intraday chart of 26-06-2020 therefore expected that nifty will firstly trade and prepare for next decisive moves within and near about this trading range and finally sustaining it beyond will confirm the life of on going Short Term correction hence should be firstly watched in next week for its confirmations. 

Wave-c of Wave-B continuation and no confirmation of its completion yet but Short Term correction begun after its recent top formation at 10553.1 on 24-06-2020 and no confirmation of its completion also therefore expected that Short Term correction will remain continued towards following next supports in next week.

Next supports of Nifty are as follows:-

1- 10312-10340
2- 10210-10244
3- 10082-10133
4-  9866-9922

Next resistances of Nifty are as follows:-

1- 10402-10426
2- 10596-10553

Watch levels for first signal of next decisive moves beginning

Nifty-Intra Day Chart Analysis & 

Market Outlook(26-06-2020)

Dow Jones Futures Chart on Indian trading time-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- 25 Candles of 15 Minutes(From 09:15 AM to 03:30 PM) 
2- Volatility waves of Dow Jones Futures today(26-06-2020)

Nifty-Volatility Chart (25-Jun-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- 25 Candles of 15 Minutes 
2- Volatility waves like Dow Jones Futures of today

Nifty-Intra Day Chart (25-Jun-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Global markets led whole day volatility
2- Whole day actual trading between 10195-10361

Conclusions from intra day chart analysis 

As Global markets were weak today morning therefore negative opening on Indian markets but only intraday volatility was seen and Nifty danced whole day on the tunes of Dow Jones Futures. 

One sided technical positions formation was not seen and Nifty closed almost in the center of today trading range at 10288.90 therefore firstly sustaining beyond today trading range(10195-10361)should be watched in the coming sessions for first signal of next decisive moves beginning.

As not feeling well therefore Stock Market Outlook of today(25-06-2020) is not being updated.

Be cautious because strong resistance sabove today highest & overbought indicators

Nifty-Intra Day Chart Analysis & 

Market Outlook(24-06-2020)

Nifty-Intra Day Chart (23-Jun-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Whole day Up moves with downward corrections
2- Whole day actual trading between 10302-10484

Conclusions from intra day chart analysis 

As sentiment is extremely depressed due to Coronavirus and Indo-China border tensions therefore general traders sells in panic after little fall in price and operators covers their short positions,until complete selling patterns will not be developed on intraday and EOD charts till then decisive down moves will not be seen.

As whole day today Up moves with continuous downward corrections and selling patterns were not seen therefore on going rally continuation will be expected. Although Short Term indicators have turned overbought but intraday selling patterns were not seen today therefore correction will not be considered now. Let selling patterns develop on intraday charts then correction will be seen.

As all the Global markets including Dow Jones Futures remained whole day strong therefore up moves were seen today and if Global markets weaken tomorrow then be cautious because:-

1- Next strong resistances above today highest are between 10491-10578
2- Short Term indicators are overbought

Finally decisive down moves below today lowest

Nifty-Intra Day Chart Analysis & 

Market Outlook(23-06-2020)

Nifty-Intra Day Chart (22-Jun-2020):-

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Selling between 10360-10393
3- Selling between 10336-10363
4- Up moves in Bearish Rising Channel
5- Whole day actual trading between 10278-10393

Conclusions from intra day chart analysis 

As firstly consolidation through Down moves in Bullish Falling Channel therefore up moves were seen in Mid-session but higher levels good selling developed hence sharp down moves in last hour.

Although some selling in last hour also through Up moves in Bearish Rising Channel but some consolidation was seen in first 2 hours therefore firstly Nifty will trade within today trading range and prepare for next decisive moves. 

As good selling at higher levels and some selling at lower levels also therefore expected that finally decisive down moves will be seen below today lowest(10277.60) in the coming 1/2 sessions after fresh selling within and near about today trading range.

Firstly watch crucial level for first strong signal of deeper correction beginning

Technical Analysis,Research & Weekly Outlook

(Jun 22 to Jun 26,2020)

Nifty-EOD Chart Analysis 

(Corrective Waves & Averages)

Nifty-EOD Chart (19-Jun-2020):-

Technical Patterns and Formations in EOD charts

1- Impulsive Wave-5 completion at 12430.50 on 20-01-2020 and Wave-A of "corrective ABC Waves" beginning
2- Corrective Wave-A completion at 7511.10 on 24-03-2020 and Wave-B beginning
3- Wave-B continuation with recent top formation at 10328.5 on 08-06-2020
4- SMA(Simple Moving Averages)
A- 5-Day SMA is at 9988
B- 13-Day SMA is at 10029
C- 55-Day SMA is at 9336
D- 200-Day SMA is at 10917

Conclusions from EOD chart analysis

(Corrective Waves & Averages)

Wave-A of "corrective ABC Waves" started after Impulsive Wave-5 completion at 12430.50 on 20-01-2020. Corrective Wave-A completed at 7511.10 on 24-03-2020 and Wave-B begun which is in continuation with  recent top formation at 10328.5 on 08-06-2020 and no confirmation of its completion yet.

Nifty closed above the Short Term(5,13) and Intermediate Term(55) averages last Friday therefore Short and Intermediate Term trends are up but Long Term Trend is down because Nifty closed below its decider 200-Day SMA(200).

Nifty-EOD Chart Analysis

(Waves B structure)

Nifty-EOD Chart (19-Jun-2020):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-A completion at 7511.10 on 24-03-2020 and Wave-B beginning
2- Wave-a of Wave-B completion at 9889.05 on 30-04-2020
3- Wave-b of Wave-B completion at 8806.75 on 16-05-2020
4- Wave-c of Wave-B continuation with recent top formation at 10328.5 on 08-06-2020
5- Short Term correction of Wave-c of Wave-B completed at 9544.35 on 12-06-2020
6- Wave-c of Wave-B continuation with recent top formation at 10272.4 on 19-06-2020 after Short Term correction completion.

Conclusions from EOD chart analysis

(Waves B structure)

Wave-B started after Wave-A completion at 7511.10 on 24-03-2020 and now its Wave-c of Wave-B is on with recent top formation at 10328.5 on 08-06-2020. 

Short Term correction of Wave-c of Wave-B begun which completed at 9544.35 on 12-06-2020. Now Wave-c of Wave-B continuation with recent top formation at 10272.4 on 19-06-2020 after Short Term correction completion and no signal of its completion yet on EOD Charts. 

Nifty-Intra Day Chart Analysis

(19-06-2020)

Nifty-Intra Day Chart (19-Jun-2020):-

Technical Patterns formation in today intraday charts

1- Consolidation between 10073-10136 with Down moves in Bullish Falling Channel within it 
1- Up moves in Bearish Rising Channel
3- Selling between 10184-10224 
4- Selling between 10231-10272 
5- Whole day actual trading between 10073-10272

Conclusions from intra day chart analysis 

Although last Friday closing was at the top of the day and also at the highest of last 6 sessions that Pull Back Rally which started from 9544.25 on 12-06-2020 but higher levels good selling was seen and up moves after 11:00 AM were also in Bearish Rising Channel therefore signals of on going Pull Back Rally completion and its correction beginning.

As more than first one hour consolidation between 10073-10136 with Down moves in Bullish Falling Channel within it therefore firstly sustaining it beyond should be watched in the beginning of next week for correction and decisive big down moves beginning confirmations. 

Conclusions

(After Putting All Studies Together)

1- Long term trend is down.
2- Intermediate term trend is up.
3- Short term trend is up.

Impulsive Wave-5 completed at 12430.50 on 20-01-2020 and after that Wave-A begun which completed at 7511.10 on 24-03-2020 and Wave-B begun which is on.

Now Wave-c of Wave-B continuation with recent top formation at 10328.5 on 08-06-2020 and no confirmation of its completion yet. Short Term correction of Wave-c of Wave-B developed which completed at 9544.35 on 12-06-2020 and up moves of Wave-c of Wave-B begun which are in continuation with recent top formation at 10272.4 on 19-06-2020.

As good selling patterns formations at higher levels of the day on 19-06-2020 and firstly down moves will be seen in the beginning of next week therefore firstly following supports should be watched in next week:- 

1- 10073-10136 
2- 9966-9987
3- 9729-9818
4- 9660-9775
5- 9445-9520

Immediate resistances of Nifty(updated in previous weekly Outlook also) are lying between 10234-10328 and Nifty closed near the lower levels of this range at 10244.40 after fresh selling within and below(10231-10272 and 10184-10224) this range on 19-06-2020. As firstly down moves are expected in the beginning of next week therefore firstly sustaining beyond 10184 should be watched in next week because if Nifty will sustain below it then it will give first strong signal of Wave-B completion at 10328.5 on 08-06-2020 after almost double top formation at 10272.4 on 19-06-2020. 

As 10184 will generate first strong signal of Wave-B completion at 10328.5 on 08-06-2020 and resultant correction will be considered towards and below the bottom of Wave-A(7511.10) therefore it has become crucial level hence should be firstly watched in the coming week for it.

Short Term correction expectations

Nifty-Intra Day Chart Analysis & 
Market Outlook(19-06-2020)

Nifty-Intra Day Chart (18-Jun-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- whole day up moves with intraday corrections
2- Bearish Rising Wedge formation at higher levels in last hour
3- Whole day actual trading between 9846-10111

Conclusions from intra day chart analysis 

Although negative opening but whole day up moves were seen with intraday corrections. As Bearish Rising Wedge formation at higher levels in last hour and Very Short Term indicators have also turned Over bought therefore Short Term correction is expected tomorrow. 

Sharp down if follow up selling develops

Nifty-Intra Day Chart Analysis & Market Outlook(18-06-2020)
Nifty-Intra Day Chart (17-Jun-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 9915-9955
2- Support between 9966-9987
3- Selling between 9934-10003
4- Support between 9970-9986
5- Whole day actual trading between 9834-10003

Conclusions from intra day chart analysis 

Although lower levels some supports but higher levels good selling therefore if follow up selling develops then sharp down moves will be seen in the coming sessions towards following next supports:-

1- 9729-9818
2- 9660-9775
3- 9445-9520

Down moves towards today lowest

Nifty-Intra Day Chart Analysis & Market Outlook

(17-06-2020)

Nifty-Intra Day Chart (16-Jun-2020):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Selling between 9970-10046(Immediate Resistances)
2- Sharp fall after the news of 3 army personnals martyring on Indo-China border.
3- Support between 9729-9818
4- Selling between 9900-9931
5- Whole day actual trading between 9729-10046

Conclusions from intra day chart analysis 

As all the global markets were blasting therefore huge gap up opening but selling developed hence sharp fall was seen after breaking out the news of 3 army persons martyring on Indo-China border. 

Although supports at lower levels but selling was also seen in last hour after some Mid-session up moves therefore down moves are expected towards today lowest(9729) and finally sustaining it beyond will confirm the life of on going Short Term correction.

up moves towards next resistances

Nifty-Intra Day Chart Analysis & Market Outlook

(16-06-2020)

Nifty-Intra Day Chart Analysis(16-06-2020)

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts

1- Down moves in Bullish Falling Channel
2- Up moves with downward corrections
3- Whole day actual trading between 9727-9943

Conclusions from intra day chart analysis 

Indian markets danced on Dow Jones's Futures tunes today in this manner that at the time of Indian markets opening Dow Jones's Futures was trading more than 300 points down therefore weaker opening on Indian markets was seen. 

When  Dow Jones's Futures started to slip traded more than 900 points down then fall was seen in Indian markets also. As soon as up moves started in Dow Jones's Futures and was trading motr than 500 pointd down at the time of Indian markets closing then some up moves were seen in Indian markets also.

As consolidation was seen firstly through Down moves in Bullish Falling Channel and after that Up moves with downward corrections therefore some up moves are expected towards next resistances(9954-9996) in the coming session.