Enjoy Profits Daily & Be Wealthy

Watch next supports amid

more down moves possibility

Nifty-Intra Day Chart Analysis &

Market Outlook(04-01-2024)

Nifty-Intra Day Chart (03-Jan-2024):-

Technical Patterns formation in today intraday charts

1- Selling between 21608-21677

2- Sharp fall

3- More than 4 hours trading with mixed Patterns formation between 21558-21591

4- Down moves in Bullish Falling Channels

5- Whole day actual trading between 21501-21677

Conclusions from intra day chart analysis

As more than 4 hours trading with mixed Patterns formation and after that today closing was near the lowest of on going correction therefore some more down moves can not be ruled out. As down moves in last 2 hours were in Bullish Falling Channels also therefore following next next supports should be watched one by one amid Short Term Pull Back rally possibility from any levels after getting fresh supports there.

1- 21512-21599

2- 21282-21405

3- 21052-21161

Short Term Correction continuation

Nifty-Intra Day Chart Analysis &

Market Outlook(03-01-2024)

Nifty-Intra Day Chart (02-Jan-2024):-

Technical Patterns formation in today intraday charts

1- Selling between 21711-21755

2- Sharp falls

3- Up moves in Bearish Rising Channels

4- Whole day actual trading between 21556-21755

Conclusions from intra day chart analysis

Live Proofs of our 100% accurate

Nifty predictions & Analysis

Following topics telling for "Short Term correction beginning" were posted for this week and today:-

1- Weekly Analysis posted on 30-12-2023-"Firstly watch 21677-21677-21834 amid high possibility of Short Term correction beginning"

2- Today Analysis posted on 01-01-2024-"Firstly watch 21677-21801 amid high possibility of Short Term correction beginning"

As was told 100% same happened and Nifty crashed 186 points in first 2 hours today.

Although little positive opening but fresh selling developed and good intraday selling was seen in last 3 sessions also therefore sharp falls was seen in first 2 hours and Nifty traded 186 points down.

As up moves were seen in Bearish Rising Channels in the last more than 4 hours also therefore again good intraday selling will be understood and today started Short Term Correction will remain continued in the coming sessions also.

Firstly watch 21677-21834 amid

high possibility of Short Term

correction beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(02-01-2024)

Nifty-Intra Day Chart (01-Jan-2024):-

Technical Patterns formation in today intraday charts

1- More than 4 hours trading with mixed Patterns formation between 21681-21752

2- New year euphoria led up moves

3- 148 Points sharp fall in last hour

4- Whole day actual trading between 21681-21834

Conclusions from intra day chart analysis

Although more than 4 hours trading with mixed Patterns formation between 21681-21752 but new year euphoria therefore up moves were seen and Nifty traded more than 100 points up with new life time top formations also. As clear consolidation patterns were not developed and intraday selling patterns were also seen therefore Nifty could not sustain at higher levels and sharp fallen 148 Points in last hour.

Following conclusive lines were told on 30-12-2023 in "Firstly watch 21677-21801 amid high possibility of Short Term correction beginning" and are being repeated for the coming sessions with little change of levels which are 21677-21834:-

"Although high possibility of Short Term correction beginning in the coming week but firstly sustaining beyond 21677-21801 should be watched for on going rally continuation confirmations above 21801 or Short Term correction beginning confirmations below 21677."

Firstly watch 21677-21801 amid

high possibility of Short Term

correction beginning

Technical Analysis,Research & Weekly Outlook

(Jan 01 to Jan 05,2024)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (29-Dec-2023):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-(ii) of Wave-3 completion and Impulsive Wave-(iii) of Wave-3 beginning from 16828.3 on 20-03-2023.

2- Impulsive Wave-(iii) of Wave-3 completion at 20222.45 on 15-09-2023 and Wave-A of "ABC" correction beginning.

3- Wave-A of Wave-(iv) of Wave-3 completion at 19333.6 on 04-10-2023.

4- Wave-B of Wave-(iv) of Wave-3 completion at 19849.8 on 17-10-2023.

5- Corrective Wave-C of Wave-(iv) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(v) of Wave-3 beginning.

6- Impulsive Wave-(v) of Wave-3 continuation with its recent high and new life time top formations at 21801.50 on 28-12-2023.

Conclusions from EOD chart analysis

(Waves structure)

Corrective Wave-(ii) of Wave-3 completed at 16828.3 on 20-03-2023 and from this level Impulsive Wave-(iii) of Wave-3 started which completed at 20222.45 on 15-09-2023 and "ABC" correction begun. Corrective Wave-C of Wave-(iv) of Wave-3 completed at 18837.80 and impulsive Wave-(v) of Wave-3 started which is in continuation with its recent high and new life time top formations at 21801.50 on 28-12-2023 and no confirmation of its completion yet on EOD charts.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (29-Dec-2023):-

Technical Patterns and Formations in EOD charts

1- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising in Over bought zone.

2- Stochastic:- %K(5)- 93.98 & %D(3)- 87.16.

3- Stochastic is showing negative divergence

4- In MACD- MACD line has intersected Average line downward and its both lines are falling in positive zone.

5- MACD(26,12)- 502.20 & EXP(9)- 597.33 & Divergence- -95.13

6- MACD is showing negative divergence

Conclusions from EOD chart analysis

(Stochastic & MACD)

Positions of Daily indicators are as follows:-

1- Although in Stochastic indicator its %K(5) line has intersected %D(3) line upward and its both lines are rising in Over bought zone but since long this indicator is hovering near about Over bought zone and showing negative divergence also therefore it will be understood that Stochastic is showing high possibility of Short Term Correction beginning.

2- As in MACD indicator its MACD line has intersected Average line downward and its both lines are falling in positive zone as well as this indicator is showing negative divergence therefore suggesting stronger possibility of short Term correction beginning with Short Term downward trend formations.

Nifty-EOD Chart Analysis

(Fibonacci retracement levels)

Nifty-EOD Chart (29-Dec-2023):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-C of Wave-(iv) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(v) of Wave-3 beginning.

2- Impulsive Wave-(v) of Wave-3 continuation with its recent high and new life time top formations at 21801.50 on 28-12-2023.

3- Crucial Fibonacci Retracement levels of Impulsive Wave-(v) of Wave-3 from 18837.80 to 21801.50 are as follows:-

4- Fibonacci Retracement levels from 21801.50 to 18837.80.

13.0%- 21,416

23.6%- 21,102

27.0%- 21,001

38.2%- 20,669 (Crucial Level)

50.0%- 20,319 (Crucial Level)

61.8%- 19,969 (Crucial Level)

70.7%- 19,706

76.4%- 19,537

78.6%- 19,472

88.6%- 19,175

Conclusions from EOD chart analysis

(Fibonacci retracement levels)

As Short Term indicators are showing higher possibility of Short Term correction beginning and selling patterns formations were also seen in last 2 sessions intraday charts therefore Short Term correction of impulsive Wave-(v) of Wave-3 may be seen in the coming week/weeks which will be according to above mentioned Fibonacci Retracement levels.

Nifty-Last 2 Sessions

intraday charts analysis

Nifty-Intra Day Chart (Dec 28 & Dec 29,2023):-

Technical Patterns formation in last 2 Sessions intraday charts

1- Selling between 21730-21759 on 28-12-2023

2- Consolidation between 21678-21716 on 28-12-2023

3- Consolidation between 21722-21743 on 28-12-2023

4- Selling between 21746-21771 on 28-12-2023

5- Selling through up moves in Bearish Rising Channel on 28-12-2023

6- Higher levels good selling between 21727-21761 on 29-12-2023

7- Lower levels 2 times minor supports on 29-12-2023

8- Last 2 Sessions trading between 21677-21801

Conclusions from 2 Sessions

intra day chart analysis

Intraday charts of last 2 sessions are clearly showing that higher levels more selling was seen than lower levels consolidation therefore it seems that fresh selling has been started because sentiment is too much boosted after strong rally in last 2 months. It is very much clear that follow up intraday selling in the beginning of next week will mean Short Term correction beginning and its first strong signal will be sustaining below last 2 sessions lowest(21677)

Conclusions (After putting

all studies together)

1- Long Term trend is up.

2- Intermediate Term trend is up.

3- Short Term trend is at stake which will be finally decided by last 2 sessions trading range(21677-21801) valid break out.

Impulsive Wave-(v) of Wave-3 forcefully continuation with its recent high and new life time top formations at 21801.50 on 28-12-2023 as well as gaining 2963.7 points in 43 sessions. Although no confirmation of its completion yet on EOD charts but Short Term indicators are showing higher possibility of Short Term correction beginning and last 2 sessions intraday charts are also showing selling patterns formations therefore Fibonacci Retracement levels of on going Impulsive Wave-(v) of Wave-3 has been posted above which should be watched with following next supports in the coming week/weeks for the life and length of expected correction:-

1- 21678-21716

2- 21512-21599

3- 21282-21405

4- 21052-21161

5- 20950-20976

6- 20770-20852(Strong supports)

Although high possibility of Short Term correction beginning in the coming week but firstly sustaining beyond 21677-21801 should be watched for on going rally continuation confirmations above 21801 or Short Term correction beginning confirmations below 21677.

Sustaining beyond 21678-21801 will confirm next decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(29-12-2023)

Nifty-Intra Day Chart (28-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Selling between 21730-21759

2- Sharp down

3- Consolidation between 21678-21716

4- Sharp up

5- Consolidation between 21722-21743

6- Selling between 21746-21771

7- Up moves in Bearish Rising Channel

8- Whole day actual trading between 21678-21801

Conclusions from intra day chart analysis

Although gap up strong opening but firstly selling developed therefore sharp fall was seen after that. As lower levels consolidation therefore sharp up moves were also seen after 11:00 AM.

As again consolidation after sharp up moves therefore sentiment boosted and intraday rally remained continued till last minutes but higher levels fresh selling was also seen in Mid-session and selling through Up moves in Bearish Rising Channel in last hour hence today intraday trading will be understood with Mixed Patterns formation between 21678-21801.

It is clear that today trading was with lower levels consolidation and higher levels selling therefore firstly Nifty will have to trade and prepare for next decisive moves within and near about today trading range as well as finally sustaining beyond today trading range will confirm that side decisive moves beginning hence finally sustaining beyond today trading range(21678-21801) should be watched in the coming sessions for that side next decisive moves beginning confirmations.

On going rally continuation expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(28-12-2023)

Nifty-Intra Day Chart (27-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Consolidation between 21512-21599

2- Sharp up

3- Whole day actual trading between 21496-21675

Conclusions from intra day chart analysis

As more than 6 hours fresh consolidation after gap up opening therefore sharp up moves were seen in last half hour and on going rally continuation is expected because intraday selling patterns were not seen today.

As out of station therefore unable to post today(27-12-2023) Outlook

Watch supports amid Short Term correction continuation expectations

Technical Analysis,Research & Weekly Outlook

(Dec 26 to Dec 29,2023)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (22-Dec-2023):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-C of "ABC correction" completion at 15183.4 on 17-06-2022 and Impulsive Wave-1 of new Waves structure beginning.

2- Impulsive Wave-1 completion at 18096.2 on 15-09-2022.

3- Corrective Wave-2 completion at 16747.7 on 30-09-2022.

4- Impulsive Wave-(i) of Wave-3 completion at 18887.6 on 01-12-2022.

5- Corrective Wave-(ii) of Wave-3 completion at 16828.3 on 20-03-2023.

6- Impulsive Wave-(iii) of Wave-3 completion at 20222.45 on 15-09-2023 and Wave-A of "ABC" correction beginning.

7- Wave-A of Wave-(iv) of Wave-3 completion at 19333.6 on 04-10-2023.

8- Wave-B of Wave-(iv) of Wave-3 completion at 19849.8 on 17-10-2023.

9- Corrective Wave-C of Wave-(iv) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(v) of Wave-3 beginning.

10- Impulsive Wave-(v) of Wave-3 continuation with its recent high and new life time top formations at 21593.00 on 22-12-2023.

11- Short Term correction continuation with its recent bottom formations at 210976.80 on 21-12-2023

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-1 of new Waves structure started from 15183.4 on 17-06-2022 after corrective Wave-C of "ABC correction" of previous Waves structure completion at this level. Its corrective Wave-2 completed at 16747.7 on 30-09-2022 and Impulsive Wave-3 begun of which Wave-(v) is in continuation.

Impulsive Wave-3 was divided into 5 sub-waves in which "ABC" correction of Wave-(iv) of Wave-3 was also seen. Impulsive Wave-(v) of Wave-3 is in continuation with its recent high and new life time top formations at 21593.00 on 22-12-2023 and no confirmation of its completion yet on EOD and intraday charts.Now Short Term correction is in continuation with its recent bottom formations at 210976.80 on 21-12-2023

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (22-Dec-2023):-

Technical Patterns and Formations in EOD charts

1- Stochastic- %K(5) line has intersected %D(3) line downward and its both lines are falling from Over bought zone.

2- Stochastic:- %K(5)- 40.07 & %D(3)- 52.25.

3- In MACD- MACD line has intersected Average line downward and its both lines are falling in positive zone.

4- MACD(26,12)- 578.20 & EXP(9)- 662.10 & Divergence- -83.90

Conclusions from EOD chart analysis

(Stochastic & MACD)

Position of Short Term indicators are as follows:-

1- As in Stochastic indicator %K(5) line has intersected %D(3) line downward and its both lines are falling from Over bought zone therefore first strong signal of Short Term correction beginning has been developed.

2- As in MACD indicator MACD line has intersected Average line downward and its both lines are falling in positive zone. therefore signalling short Term downward trend formations possibility.

Nifty-Last 7 Sessions

intraday charts analysis

Nifty-Intra Day Chart (Dec 14 to Dec 22,2023):-

Technical Patterns formation in last 7 Sessions intraday charts

1- Selling(Resistances) in last 7 Sessions are as follows:-

A- 21481-21593

B- 21461-21501

C- 21419-21451

D- 21225-21296

2- Consolidation(Supports) in last 7 Sessions are as follows:-

A- 21338-21405

B- 21282-21363

C- 20770-20852

D- 21052-21161

3- Last 7 Sessions actual trading between 20977-21593

Conclusions from 7 Sessions

intra day chart analysis

Previous 7 sessions trading between 20977-21593 with above mentioned supports and resistances in which it seems that resistances are stronger than supports despite both supports and resistances are equally 4. As above mentioned first 2 supports(21338-21405,21282-21363) has been nullified because below these 2 supports fresh selling(Resistances) was seen on 21-12-2022 between 21225-21296.

As resistances are stronger therefore fresh selling in next week will mean decisive down moves below last 7 sessions lowest(20977) which can not be ruled out.

Nifty-Intra Day Chart Analysis

(22-Dec-2023)

Nifty-Intra Day Chart (22-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Consolidation between 21250-21279

2- Sharp up

3- Selling between 21331-21390

4- Sharp down

5- Selling between 21340-21371

6- Whole day actual trading between 21233-21390

Conclusions from intra day chart analysis

Although firstly consolidation after positive opening and sharp up moves were also seen after that but higher levels good selling developed hence Nifty moved down sharply and new intraday lowest was formed.

As again follow up selling in last hour after some up moves therefore minor lower levels consolidation and higher levels good intraday selling will be understood last Friday and resultant down moves below last Friday lowest(21232.45) will be seen in the beginning of next week.

Conclusions

(After putting all studies together)

1- Long Term trend is up.

2- Intermediate Term trend is up.

3- Short Term trend is at stake which will be finally decided by last 7 sessions trading range valid break out.

Impulsive Wave-(v) of Wave-3 and no confirmation of its completion yet on EOD and intraday charts but Short Term correction started on 20-12-023 which is in continuation with its recent bottom formations at 210976.80 on 21-12-2023 and no confirmation of its also completion yet.

As Stochastic indicator is signalling Short Term correction beginning possibility and MACD indicator is also indicating short Term downward trend formations possibility therefore more down moves can not be ruled out in the coming week bacause higher levels good intraday selling has been seen in last 7 sessions as well as good intraday selling was seen last Friday.

Supports of last 7 sessions(20977-21593) have been updated above and Next supports below 20977 are as follows:-

1- 20950-20976

2- 20770-20852(Strong supports)

As on going Short Term correction continuation is expected therefore above mentioned supports should be firstly watched in the coming week for the life and length of on going correction.

Finally sustaining beyond today trading

range will confirm that side

decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(22-12-2023)

Nifty-Intra Day Chart (21-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Down moves after 116 points weaker opening

2- Up moves with downward corrections

3- Up moves in Bearish Rising Channels

4- Whole day actual trading between 20977-21288

Conclusions from intra day chart analysis

Firstly down moves after 116 points weaker opening and Nifty traded 173 points down also but lower levels some consolidation was seen through up moves with downward corrections. Although up moves remained continued till last minutes and Nifty closed with 104.90 points gains also but last 4 hours up moves were in Bearish Rising Channels therefore higher levels selling patterns will be understood.

As today trading was with lower levels consolidation and higher levels selling therefore Nifty will firstly trade and prepare for next decisive moves within and near about today trading range as well as finally sustaining beyond today trading range will confirm that side decisive moves beginning.

Firstly watch next strong supports for the life and length of today started correction

Nifty-Intra Day Chart Analysis &

Market Outlook(21-12-2023)

Nifty-Intra Day Chart (20-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Selling between 21481-21593

2- Down moves with upward corrections

3- Whole day actual trading between 21088-21593

Conclusions from intra day chart analysis

Outlooks of last 2 sessions are live proofs of this fact that:-

1- we were Bearish because selling patterns were also developed in last 2 sessions intraday charts.

2- We also told for "Down moves expectations" in the coming sessions in the Outlook for 19-12-2023.

Although gap up strong opening today but fresh selling developed in first 4 hours and last 2 hours down moves were with upward corrections as well as inraday selling was seen in last sessions therefore Nifty closed 1.41% down today after loosing more than 300 points.

As Long Black Candle formations with today closing was below last 3 sessions lowest which means that strong signals of Short term correction beginning hence firstly sustaining beyond next strong supports(20770-20852) should be watched in the coming sessions for the life and length of today started correction.

Firstly watch sustaining beyond 21338-21505 for next one sided decisive moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(20-12-2023)

Nifty-Intra Day Chart (19-Dec-2023):-

Technical Patterns formation in today intraday charts

1- 139 Points fall in first hour after positive opening

2- Consolidation between 21338-21405

3- Sharp up

4- Up moves in Bearish Rising Channels

5- Sharp down in last hour

6- Whole day actual trading between 21338-21505

Conclusions from intra day chart analysis

Although positive opening but could not sustain at higher levels and 139 Points fall was seen in first hour because good intraday selling was seen yesterday. As lower levels consolidation developed therefore Nifty moved up sharply also but after that up moves were in Bearish Rising Channels which is a selling pattern hence sharp down moves were also seen in last hour.

As whole day today trading will be understood with both lower levels consolidation and selling patterns formations therefore firstly Nifty will have to trade and prepare for next one side decisive moves which will be firstly done within and near about today trading range(21338-21505). Finally sustaining beyond today trading range will confirm next one sided moves beginning which should be firstly watched tomorrow.

Down moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(19-12-2023)

Nifty-Intra Day Chart (18-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Selling Patterns formation between 21434-21482

2- Selling Patterns formation between 21419-21451

3- Whole day actual trading between 21366-21482

Conclusions from intra day chart analysis

As most Asian markets were trading in Red therefore firstly little weaker opening of indian markets but up some up moves were also seen after that. Firstly higher levels selling Patterns formation in first 3 hours and after that again selling Patterns formation in last 2 hours therefore down moves are expected in the coming sessions.

Bullish moves continuation & Short Term correction only after complete selling patterns formations

Technical Analysis,Research & Weekly Outlook

(Dec 18 to Dec 22,2023)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (15-Dec-2023):-

Technical Patterns and Formations in EOD charts

1- Corrective Wave-(ii) of Wave-3 completion and Impulsive Wave-(iii) of Wave-3 beginning from 16828.3 on 20-03-2023.

2- Impulsive Wave-(iii) of Wave-3 completion at 20222.45 on 15-09-2023 and Wave-A of "ABC" correction beginning.

3- Wave-A of Wave-(iv) of Wave-3 completion at 19333.6 on 04-10-2023.

4- Wave-B of Wave-(iv) of Wave-3 completion at 19849.8 on 17-10-2023.

5- Corrective Wave-C of Wave-(iv) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(v) of Wave-3 beginning.

6- Impulsive Wave-(v) of Wave-3 continuation for the last 25 sessions with its recent high and new life time top formations at 21492.30 on 15-12-2023.

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-(iii) of Wave-3 started from 16828.3 on 20-03-2023 after Corrective Wave-(ii) of Wave-3 completion at this level. Wave-A of "ABC" correction begun after 3394.15 gains from 20222.45 on 15-09-2023 of which corrective Wave-C completed at 18837.80 on 26-10-2023 and impulsive Wave-(v) of Wave-3 begun which is in continuation for the last 25 sessions with its recent high and new life time top formations at 21492.30 on 15-12-2023 after gaining 2654.5 points.

As no signal of Impulsive Wave-(v) of Wave-3 completion at EOD and intraday charts therefore its continuation will be firstly seen in next week.

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (15-Dec-2023):-

Technical Patterns and Formations in EOD charts

1- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising within and towards Over bought zone.

2- Stochastic:- %K(5)- 82.37 & %D(3)- 67.54.

3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive.

4- MACD(26,12)- 713.30 & EXP(9)- 598.20 & Divergence- 115.1

Conclusions from EOD chart analysis

(Stochastic & MACD)

Position of Short Term indicators are as follows:-

1- %K(5) line has intersected %D(3) line upward and its both lines are rising within and towards Over bought zone therefore showing signals of some more up moves possibility.

2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive zone therefore indicating upward moves continuation possibility because upward trend formation is well confirmed.

Nifty-Intra Day Chart Analysis

(15-Dec-2023)

Nifty-Intra Day Chart (15-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Consolidation between 21236-21289

2- Sharp up

3- More than 4 hours consolidation between 21282-21363(Immdiate supports)

4- Sharp up

5- Whole day actual trading between 21236-21492

Conclusions from intra day chart analysis

Although firstty some down moves after gap up strong opening but lower levels fresh consolidation developed therefore sharp up moves were seen after that. As follow up more than 4 hours consolidation in Mid-session also hence sharp up moves were again seen in last hour and Nifty closed with 1.29% gains last Friday.

As only intraday consolidation and intraday selling patterns were not seen last Friday therefore on going rally continuation is expected in the beginning of next week as well as until complete selling patterns will not develop on intraday and EOD chars till then decisive down moves or Short Term correction will not be seen.

Conclusions

(After putting all studies together)

1- Long Term trend is up.

2- Intermediate Term trend is up.

3- Short Term trend is up.

Impulsive Wave-(v) of Wave-3 forcefully continuation with its recent high and new life time top formations at 21492.30 on 15-12-2023 and no signal of its completion yet on technical charts.

As indicators are showing signals of more moves in the beginning of next week and last Friday intraday charts are also showing whole day only consolidation patterns formations therefore firstly Bullish rally will remain continued in next week. Until complete selling pattrens formations will not be seen on intraday and EOD charts and Nifty will not sustain below immediate supports(21282-21363) till then even Short Term correction will not be seen.

Bullish moves continuation and let complete selling patterns develop on EOD and intraday charts as well as Nifty to sustain below immdiate supports(21282-21363) then firstly Short Term correction will be considered.

On going rally continuation

Nifty-Intra Day Charts Analysis &

Market Outlook(15-12-2023)

Nifty-Intra Day Chart (Dec 13 & Dec 14,2023):-

Technical Patterns formation in last 2 sessions intraday charts

1- 136 Points down in first 3 hours on 13-12-2023

2- Consolidation between 20770-20852 in Mid-session on 13-12-2023

3- Up moves with downward corrections in last 3 hours on 13-12-2023

4- More than 6 hours consolidation between 20770-20852 on 14-12-2023

5- Last 2 sessions actual trading between 20770-21210

Conclusions from last 2 sessions

intra day chart analysis

Following lines were told at 09:42 PM on 12-12-2023 in "Down moves continuation expectations":-

today started down moves continuation

is expected in the coming session also.

As was told 100% same happened &

Nifty moves down 136 Points

in first 3 hours on 13-12-2023

As good intraday selling on 12-12-2023 therefore firstly Nifty moved down 136 Points on 13-12-2023 but consolidation developed between 20770-20852 in Mid-session and Up moves with downward corrections were also seen in last 3 hours also hence whole day consolidation will be understood on 13-12-2023 resultant 160 points gap up strong opening was seen today. Almost whole day consolidation between 20770-20852 today therefore on going rally will remain continued in the coming sessions also.

As out of station therefore unable
to post today(14-12-2023) Outlook

Down moves continuation expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(13-12-2023)

Nifty-Intra Day Chart (12-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Selling between 20995-21037

2- Sharp down

3- Selling between 20954-20972

4- Sharp down

5- Little recovery from lower levels

6- Whole day actual trading between 20868-21037

Conclusions from intra day chart analysis

Live Proofs of our 100% accurate

Nifty predictions & Analysis

Following lines were told at 10:54 PM yesterday in "Decisive down moves below today lowest":-

decisive down moves will be seen below today lowest(20923) in the coming sessions.

As was told 100% same happened &

Nifty closed below yesterday lowest(20923)

after loosing 90.70 points with

today lowest was at 20867.15.

Although some up moves after positive opening today but higher levels selling developed and after that sharp down moves were seen. As follow up selling in Mid-session therefore again sharp down moves developed in last hour.

Little recovery from lower levels in last half hour after lower levels some supports but higher levels good selling therefore today started down moves continuation is expected in the coming session also.

Decisive down moves below today lowest

Nifty-Intra Day Chart Analysis &

Market Outlook(12-12-2023)

Nifty-Intra Day Chart (11-Dec-2023):-

Technical Patterns formation in today intraday charts

1- Whole day sideways trading with intraday selling patterns formations between 20951-21026

2- Whole day actual trading between 20923-21026

Conclusions from intra day chart analysis

As whole day sideways today trading with intraday selling patterns formations between 20951-21026 therefore expected that decisive down moves will be seen below today lowest(20923) in the coming sessions.

Firstly watch 20865-21000 for next one sided decisive moves amid Short Term correction beginning expectations

Technical Analysis,Research & Weekly Outlook

(Dec 11 to Dec 15,2023)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (08-Dec-2023):-