Sustaining above 9936 will confirm strong Rally

Intra Day Chart Analysis & Market Outlook

(01-09-2017)

Nifty-Intra Day Chart (31-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9857-9871
2- Consolidation between 9871-9885
3- Up moves with intraday correction
4- Whole day actual trading between 9857-9925

Conclusions from intra day chart analysis 

As good intraday consolidation and last half hour up moves with intraday correction also therefore up moves continuation is expected towards following resistances:-

1- 9910-9936
2- 10080-10130

As above resistances therefore follow up consolidation is must and once sustaining above 9936 will mean strong rally towards 2nd resistance(10080).

Firstly Watch Levels after Korea news based last 2 sessions volatility

Intra Day Chart Analysis & Market Outlook

(31-08-2017)

Nifty-Intra Day Chart (30-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9869-9882
2- Selling between 9889-9909
3- Whole day actual trading between 9851-9909

Conclusions from intra day chart analysis 

As UN Security Council unanimously condemned North Korea's firing of a ballistic missile and expressed "its commitment to a peaceful, diplomatic and political solution" therefore conclusion of no risk of immediate war resultant all the Asian markets were trading positive after Green closing of US markets while Dow's Futures was trading more than 120 points down during Indian markets trading hours yesterday. 

Last 2 sessions trading was completely North Korea ballistic missile fire news based in which sharp down yesterday and strong recovery after strong opening today but some selling was also seen below 9909 today. As some consolidation also developed above 9869 therefore firstly valid break out of 9869-9909 should be watched tomorrow for next decisive moves towards(9782 or 9936) 

Following lines were told on 27-08-2017 in "Firstly watch levels for correction continuation/completion" and being repeated as final conclusion after last 13 sessions sideways market:-

Previous 10 sessions trading between 9686-9948 and finally sustaining it beyond will decide the life of on going correction

As busy therefore Stock Market Outlook of today(30-08-2017) is not being updated.

Pre-open Outlook(29-08-2017)

As North Korea launched missile which flew over Japan therefore Dow's Futures is trading more than 100 points down today morning and resustant all the Asian markets are trading in negative zone. 

Certainly sentiment is depressed and Indian markets will also open weak but good intraday consolidation between 9894-9925 yesterday therefore until Nifty will not sustain below 9894 till then decisive down moves will not be seen and firstly sustaining it below should be watched today for fresh down moves confirmations.

9936 will confirm strong up moves towards 2nd resistance

Intra Day Chart Analysis & Market Outlook

(29-08-2017)

Nifty-Intra Day Chart (28-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation between 9894-9925
2- Whole day actual trading between 9882-9925

Conclusions from intra day chart analysis 

As most positive news of "Indo-China agreement of 'expeditious disengagement' of Doklam border dispute" therefore firstly gap up opening and after that more than 5 hours consolidation between 9894-9925 today which means that on going Pull Back rally continuation towards following resistances:-

1- 9910-9936
2- 10080-10130

Above resistances were updated on 23-08-2017 in "Strong indications of fresh rally after correction completion" and consolidation was seen within 1st resistance range today therefore expected that rally will remain continued towards 2nd resistance range but follow up consolidation is must and once sustaining above 9936 will mean strong up moves towards 2nd resistance(10080).

Firstly watch levels for correction continuation/completion

Intra Day Chart Analysis & Market Outlook

(28-08-2017)

Nifty-Intra Day Chart (24-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling patterns formation between 9857-9867
2- Volatility in last 3 hours
3- 8 Times supports at lower levels of the day
4- Whole day actual trading between 9849-9881

Conclusions from intra day chart analysis 

Whole day sideways trading within 32 points with some selling but 8 times supports also at lower levels of the day therefore last Friday trading will be understood with Mixed patterns formations. As volatility also in last 3 hours and technical positions reverses also during such volatility therefore valid break out of last Friday trading range should be firstly watched for next decisive moves confirmations.

Certainly correction is on and no confirmation of its completion yet but good consolidation between 9750-9815 in previous week therefore until complete selling will not develop till then Nifty will not sustain below 9750.

Previous 10 sessions trading between 9686-9948 and finally sustaining it beyond will decide the life of on going correction therefore Nifty will trade and prepare for it within this range in the next 2/3 sessions. Let markets prepare then will be undated according to intraday patterns formations and firstly mentioned levels should also be watched in next week for correction continuation/completion.

Post-open Outlook(24-08-2017)

Although positive zone trading since gap up opening today but required strength is not seen therefore sustaining above today highest(9881.50) should be firstly watched for first strong signal of on going correction completion and sustaining above next resistance(9910-9936) is must for fresh rally after correction completion.

Strong indications of fresh rally after correction completion

Intra Day Chart Analysis & Market Outlook

(24-08-2017)

Nifty-Intra Day Chart (23-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- 5 Hours consolidation between 9787-9815
2- Strong rally in last hour
3- Whole day actual trading between 9787-9857

Conclusions from intra day chart analysis 

As good consolidation below 9815 today and yesterday therefore strong recovery from lower levels and today closing near the higher levels of the day. Certainly correction is on and no confirmation of its completion yet but good consolidation between 9750-9815 in last 2 sessioons therefore strong indications of correction completion today and sustaining above following resistances should be watched in the coming sessions for fresh rally after correction completion:-

1- 9910-9936
2- 10080-10130

As out of station therefore Stock Market Outlook of today(23-08-2017) is not being updated but tomorrow outlook will be updated positively.

As busy therefore Stock Market Outlook of today(22-08-2017) is not being updated.

Firstly Watch levels for the life of on going correction

Intra Day Charts Analysis & Market Outlook

(18-08-2017)

Nifty-Intra Day Chart (Aug 17 & Aug 18,2017)

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Technical Patterns and Formations in last 2 Sessions intraday charts

1- Selling between 9915-9940 on 17-08-2017
2- Consolidation between 9784-9825 on 18-08-2017
3- 2 Sessions actual trading between 9784-9940 

Conclusions from 2 Sessions intra day chart analysis 

As last 2 sessions trading between 9784-9940 with lower levels supports and higher levels good selling also therefore firstly Nifty has to trade and prepare for next decisive moves within mentioned trading range which will be done in the beginning of next week. 

Intermediate Term correction is on and no confirmation of its completion yet therefore firstly valid break out of last 2 sessioons trading range should be watched for the life of on going correction which means that correction continuation below 9784 or first signal of correction completion above 9940.

Fresh down moves towards next supports

Intra Day Chart Analysis & Market Outlook

(18-08-2017)

Nifty-Intra Day Chart (17-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 9918-9940
2- Consolidation between 9887-9904
3- Selling between 9915-9938
4- Whole day actual trading between 9884-9940

Conclusions from intra day chart analysis 

Although most time positive zone trading after gap up opening and Green closing as well but good selling patterns formations at higher levels therefore strong indications of down moves tomorrow. As some consolidation also at lower levels therefore trading near about today lowest can not be ruled out but fresh down moves are expected towards following next supports:-

1- 9782-9808
2- 9686-9714

Rally continuation after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(16-08-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Up moves in Bearish Rising Channel
2- Intraday correction in last half hour
3- Whole day actual trading between 9753-9818

Conclusions from intra day chart analysis 

As some consolidation was seen in last 2 sessions of previous week therefore we told for Strong Pull Back Rally on last Monday and it was seen after gap up opening and more than 5 hours continuous up moves. As up moves were in Bearish Rising Channel and due to this sentiment turned heated therefore intraday correction was seen in last half hour which will be understood healthy for last Monday started Pull Back Rally continuation.

Expected that Nifty will firstly trade within last Monday trading range and prepare for next moves but high possibility of on going rally continuation after 1/2 sessions follow up consolidation because resistances are lying above last Monday highest. 

सभी हिन्दुस्तानियों को स्वन्त्रता दिवस की हार्दिक शुभकामनायें 

Wishing you all Indians Happy Independence Day

Strong Pull Back Rally if no negative news

Intra Day Chart Analysis & Market Outlook

(14-08-2017)

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

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Technical Patterns and Formations in today intraday charts


1- Selling between 9737-9771
2- Support between 9686-9714
3- Whole day actual trading between 9686-9771

Conclusions from intra day chart analysis 

As crashing like situation in all the Global markets therefore gap down opening and 1.11% negative closing with higher levels good selling and lower levels some supports also therefore expected that Nifty will firstly trade and prepare for next decisive moves within last Friday trading range next Monday. 

Certainly correction is on and no signal of its completion yet but Short Term Indicators have turned over sold therefore only strong Pull Back Rally will be seen if no negative news come from North Korea and Indo-China border.

Strong Pull Back Rally after stopping of Global markets crashing 

Intra Day Chart Analysis & Market Outlook

(11-08-2017)

Nifty-Intra Day Chart (10-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Consolidation Patterns between 9836-9892
2- Down moves in Bullish Falling Channel 
3- Whole day actual trading between 9777-9892

Conclusions from intra day chart analysis 

As intraday consolidation patters formations on 09-08-2017 therefore Pull Back Rally was expected on 10-08-2017 but crashing like situation was seen in most Asian markets and sentiment was much depressed in the morning so Indian markets also opened weak and closed negative also after whole day negative zone trading.

Although Dow Jones is now trading more than 165 points down after much weaker closing of all European markets today but Indian markets have shown consolidation patterns formations on 10-08-2017 therefore view will not be Bearish and strong Pull Back Rally will be seen if Global markets crashing will stop despite SGX Nifty now trading 87 points down.

Pull Back Rally Expectations

Intra Day Chart Analysis & Market Outlook

(10-08-2017)

Nifty-Intra Day Chart (09-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- Selling between 9944-9969
2- Down moves in Bullish Falling Channel
3- Up moves with intraday corrections
4- Last 40 minutes slow down moves
5- Whole day actual trading between 9894-9969

Conclusions from intra day chart analysis 

All 4 previous Outlooks are live proofs of this fact that we continuously told for corrections and more than 200 points correction was seen but Very Short Term Indicators have turned oversold after this correction and some consolidation patterns formations also developed today therefore Pull Back Rally is expected in the coming sessions. As some selling also at higher levels today therefore next decisive up moves will be considered after some more follow up consolidations and sustaining above today highest.  

Very Short Term correction expectations

Intra Day Chart Analysis & Market Outlook

(08-08-2017)

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

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Technical Patterns and Formations in today intraday charts

1- Selling between 10068-10088
2- Whole day actual trading between 10047-10088

Conclusions from intra day chart analysis 

Although last Friday closing was near the higher levels of the day but we were not Bullish and told following lines in"Watch levels for next Trend confirmations" 

Both lower levels supports and higher levels resistances between 9945-10137 and firstly Nifty has to prepare for decisive moves beyond this range therefore follow up moves and valid break out of these levels should be watched in next week for next Trend confirmations.

As follow up selling today therefore Very Short Term correction is expected tomorrow towards following supports:-

1- 10023-10039
2- 9980-9998

Watch levels for next Trend confirmations

Intra Day Chart Analysis & Market Outlook

(07-08-2017)

Nifty-Intra Day Chart (04-Aug-2017):-

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Technical Patterns and Formations in today intraday charts

1- More than 4 hours Mixed Patterns formations between 9989-10026
2- Up moves in last hours
3- Whole day actual trading between 9989-10075

Conclusions from intra day chart analysis 

Although firstly more than 4 hours trading was with Mixed Patterns formations but Up moves were seen in last hours and closing was also near the higher levels of the day therefore some up moves can not be ruled out in the beginning of next week.

As Mixed Patterns formations last Friday and last 9 sessions trding between 9945-10137 with higher levels following resistances therefore follow up consolidation is must for decisive up moves after new life time high formations:-  

1- 10082-10096
2- 10107-10125

Both lower levels supports and higher levels resistances between 9945-10137 and firstly Nifty has to prepare for decisive moves beyond this range therefore follow up moves and valid break out of these levels should be watched in next week for next Trend confirmations.

As busy therefore Stock Market Outlook of today(04-08-2017) and next Monday(17-07-2017) will not be updated but suggesting to watch those 2 supports which were updated in yesterday outlook for deeper correction confirmations amid on going correction continuation expectations.

 Very Short Term correction expectations towards next supports

Market Outlook(03-08-2017)

As whole day today market was on RBI Credit policy expectations and its announcements led last hour volatility also therefore analysis of today intraday Nifty chart is not being updated because technical positions reverses during such high sentimental led volatility.

Although last 2 sessions closing was near the higher levels of the day after strong recovery from lower levels but we were cautious because both previous sessions trading was with Mixed Patterns formations and we updated levels for next trend confirmations. As today intraday trading was also completely affected from RBI Credit policy expectations therefore firstly sustaining beyond today trading range(10055-10237) should be watched for next trend confirmations and with Very Short Term correction expectations towards following next supports:-

1- 10023-10039
2- 9980-9998