On going rally continuation

Intra Day Chart Analysis & Market Outlook

(09-10-2017)

Nifty-Intra Day Chart (06-Oct-2017):-

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Technical Patterns formation in today intraday charts

1- Up moves in first hour after strong opening
2- 5 Hours consolidation between 9948-9967
3- Sharp up moves in last half hour
4- Whole day actual trading between 9925-9989

Conclusions from intra day chart analysis 

Firstly up moves in first hour after strong opening and after that 5 Hours consolidation between 9948-9967 therefore this range will be immediate support of Nifty and until Nifty will not sustain below 9948 after complete selling till then decisive down moves will not be seen. 

As closing near the higher levels of the day after sharp up moves in last half hour and 5 Hours consolidation as well as no selling last Friday therefore Nifty is well prepared for on going rally continuation in the beginning of next week. 

9920 will confirm fast up

Intra Day Chart Analysis & Market Outlook

(06-10-2017)

Nifty-Intra Day Chart (05-Oct-2017):-

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Technical Patterns formation in today intraday charts

1- Volatility in first hour
2- More than 4 hours consolidation between 9894-9920
3- Slipping in last hour
4- Whole day actual trading between 9882-9945

Conclusions from intra day chart analysis 

Following lines were told on 03-10-2017 in "Market is well prepared for strong rally ":-

1- on going rally continuation above 9871
2- RBI credit Policy tomorrow but Indian markets are well prepared for strong rally and posiitve surprise from it will mean fresh more than 100 points strong rally tomorrow.

Although no positive announcements from RBI credit Policy but Nifty closed near the top of the day on 04-10-2017 and more than 4 hours consolidation between 9894-9920 on 05-10-2017 therefore up moves are expected in the coming sessions. 

As yesterday closing was near the lower levels of the day therefore valid break out of 9920 should also be firstly watched today for on going rally continuation confirmations and once its happening will mean will mean fast up moves.

Market is well prepared for strong rally 

Intra Day Chart Analysis & Market Outlook

(04-10-2017)

Nifty-Intra Day Chart (03-Oct-2017):-

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Technical Patterns formation in today intraday charts

1- Whole day sideways traing with consolidation Patterns formation between 9832-9871 
2- Whole day actual trading between 9832-9871

Conclusions from intra day chart analysis 

As strong global cues therefore firstly gap up opening and after that whole day positive zone sideways traing with consolidation Patterns formation between 9832-9871 today means on going rally continuation above 9871. 

Some resistances are lying below 9888 and once follow up consolidation with sustaining above it tomorrow will mean strong rally towards and above 10000. Although RBI credit Policy tomorrow but Indian markets are well prepared for strong rally and posiitve surprise from it will mean fresh more than 100 points strong rally tomorrow.  

Strong rally after sustaining above 9888

Market Outlook(03-10-2017)

As it was holiday yesterday and most Asian markets are trading with good gains after US markets strong rally yesterday night therefore Indian markets will react on these factors also resultant Intra Day Chart Analysis is not being updated. 

Following lines were told on 28-09-2017 in "Levels will confirm next Trend":-

1- Above 9758 will mean Pull Back rally continuation but correction completion will be considered after sustaining above next resistances (9790-9834 and 9850-9888)

Nifty faced resistance at above mentioned 2nd resistance(9850-9888) last Friday and slipped 66 points in last hour after formation of intraday top at 9854.

Although last Friday closing was near the lower of the day after loosing most intraday gains but as such selling patterns were not seen and fresh patterns consolidation developed therefore last Thursday started Pull Back rally continuation is expected but correction completion will be considered only after sustaining above 9888.

As per our view next trend will be formed after RBI credit Policy tomorrow and posiitve surprise will mean fresh strong rally. As Short Term indicators are oversold therefore next 1/2 sessions will be Pull Back rally continuation days and strong rally will be seen if Nifty sustains above 9888.

Levels will confirm next Trend

Intra Day Chart Analysis & Market Outlook

(29-09-2017)

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

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 9688-9758 
2- Sharp up in last hour
3- Whole day actual trading between 9688-9789

Conclusions from intra day chart analysis 

Following conclusive lines were told on 25-09-2017 in "Firstly Watch Levels for the life of on going correction":-

Expected that Nifty will trade between 9690-9920 in the coming sessions and finally sustaining it beyond will confirm the life of on going correction which should be firsly watched.

Above lines were repeated yesterday also in "Market Outlook(28-09-2017) ":-

9690 was given and today lowest was just below it at 9687.55 and Nifty jumped 100 points from there.

correction continuation with a strong Pull Back rally possibility was also told yesterday and 100 points strong Pull Back rally was seen after firstly 48 points intraday correction. 

Although sharp up in last hour but before that almost whole day sideways trading with Mixed Patterns formation therefore follow up consolidation is also required for sustaining above today highest. As some consolidation was also seen between 9688-9758 today therefore firstly sustaining it beyond should be watched for:-

1- Above 9758 will mean Pull Back rally continuation but correction completion will be considered after sustaining above next resistances (9790-9834 and 9850-9888) 
2- Below 9688 will mean correction continuation towards 9450. 

Market Outlook(28-09-2017) 

As whole day only down moves without any specific intraday position formations therefore intraday chart analysis is not being updated.

Correction is very much on and no indication of its completion yet therefore correction continuation will be expected with a strong Pull Back rally possibility because Short Term indicators have turned oversold.

Following conclusive lines were told on 25-09-2017 in "Firstly Watch Levels for the life of on going correction":-

Expected that Nifty will trade between 9690-9920 in the coming sessions and finally sustaining it beyond will confirm the life of on going correction which should be firsly watched.

Nifty traded within mentioned range with lowest formations at 9714.40 in last 2 sessions. Firstly sustaining beyond 9690 should be watched tomorrow because next supports below it at 9450.

As busy therefore Stock Market Outlook of today(27-09-2017) is not being updated.

Firstly Watch Levels for the life of on going correction

Intra Day Chart Analysis & Market Outlook

(26-09-2017)

Nifty-Intra Day Chart (25-Sep-2017):-

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Technical Patterns formation in today intraday charts

1- 45 Points fall in first 2 minutes
2- All the Down moves in Bullish Falling Channels
3- Last hour up moves with intraday correction
4- Whole day actual trading between 9817-9915

Conclusions from intra day chart analysis 

Firstly 45 Points fall in first 2 minutes and after that continuous down moves till 02:00 PM but all the Down moves were in Bullish Falling Channels and last hour up moves were also with intraday correction therefore a signal of consolidation process beginning. As such high weakness and Indian markets underperformed most Global markets therefore view will Bullish only after follow up consolidation and without sustaining below today lowest. As Short Term indicators have turned oversold therefore a Pull Back Rally can not be ruled out after some intraday consolidation.

Multiple supports are lying between 9690-9920 and Nifty traded within this range today with some consolidation but until complete follow up consolidation will not develop and Nifty will not sustain above 9920 till then on going correction completion will not be considered. 

Expected that Nifty will trade between 9690-9920 in the coming sessions and finally sustaining it beyond will confirm the life of on going correction which should be firsly watched.

Only a Pull Back Rally consideration amid correction continuation expectations

Intra Day Chart Analysis & Market Outlook

(25-09-2017)

Nifty-Intra Day Chart (22-Sep-2017):-

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Technical Patterns formation in today intraday charts

1- 60 Points fall in first minute after weak opening
2- Whole day down moves with follow up selling
3- Whole day actual trading between 9953-10060

Conclusions from intra day chart analysis 

Although global cues were not as much depressing but Indian markets showed genuine weakness and completely underperformed all Global markets last Friday as well as follow up selling was seen after sharp fall in first minute therefore until complete consolidation will not develop till then correction completion will not be considered and correction continuation expectations will remain alive towards and below 9920

As Very Short Term indicators have turned oversold therefore only a Pull Back Rally will be considered amid correction continuation expectations.

Carefully watch 10045

Intra Day Chart Analysis & Market Outlook

(22-09-2017)

Nifty-Intra Day Chart (21-Sep-2017):-

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Technical Patterns formation in today intraday charts

1 Sharp down immediately after opening
2- Up moves in Bearish Rising Channel
3- Whole day actual trading between 10059-10158

Conclusions from intra day chart analysis 

Following lines were told at 10:00 AM on 20-09-2017 in "Post-open Outlook(20-09-2017)":-

1- Although positive zone trading since today opening but intraday charts of first 45 minutes are showing some selling indications also
2- finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Although strong recovery from lower levels after first 45 minutes sharp down but last 5 hour up moves were in Bearish Rising Channel and yesterday closing was below 10130 therefore view will be Bearish.

Down moves below yesterday lowest(10058.60) can not be ruled out but next supports below it at 10045 and firstly sustaining it below should be carefully watched because next supports are much below it at 9920

Firstly watch levels for next Trend confirmations 

Market Outlook(21-09-2017)

As intraday charts of first 45 minutes were showing some selling indications yesterday therefore we told following line at 10:00 AM in "Post-open Outlook(20-09-2017)":-

finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Today all the Global markets markets will firstly react on FOMC yesterday night announcements therefore Intra Day Chart Analysis is not being updated and repeating same view of firstly watching sustaining beyond 10130-10179 for next Trend confirmations. 

Post-open Outlook(20-09-2017)

Although positve zone trading since today opening but intraday charts of first 45 minutes are showing some selling indications also therefore view will be cautious and finally sustaining beyond 10130-10179 should be watched for next Short Term Trend confirmations.

Finally rally continuation above life time highest

Intra Day Chart Analysis & Market Outlook

(20-09-2017)

Nifty-Intra Day Chart (19-Sep-2017):-

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Technical Patterns formation in today intraday charts

1- Consolidation Patterns formation between 10130-10049 
2- Minor selling Patterns formation at higher levels 
3- Whole day actual trading between 10130-10164

Conclusions from intra day chart analysis 

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

some follow up consolidation is firstly required within today trading range tomorrow.

Whole day actual trading was between 10132-10171 yesterday and almost whole day today trading was also within yesterday trading range with lower levels good consolidation Patterns formation therefore expected that finally rally will remain continued above life time highest(10178.95) but follow up consolidation is also firstly required because some selling was also seen at higher levels in both previous sessions.

Finally rally continuation after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(19-09-2017)

Nifty-Intra Day Chart (18-Sep-2017):-

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Technical Patterns formation in today intraday charts

1- Mixed Patterns formation between 10147-10171
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Minor selling at higher levels
5- Last hour Down moves in Bullish Falling Channel
6- Whole day actual trading between 10132-10171

Conclusions from intra day chart analysis 

Firstly gap up opening with new life time high formation in first minute today and after that whole day sideways trading with  Mixed Patterns formation between 10147-10171 therefore some follow up consolidation is firstly required within today trading range tomorrow.

As sufficiently good consolidation despite minor selling therefore expected that finally on going rally will remain continued after follow up consolidation and cooling down of heated sentiment.

As not feeling well therefore Stock Market Outlook of today(18-09-2017) is not being updated.

Levels will confirm next Trend after North Korea fires ballistic missile

Market Outlook(15-09-2017)

As North Korea fires ballistic missile over Japan and weakness in some Asian markets as well as Indian markets will react on this news therefore Intra Day Chart Analysis is not being updated. 

Firstly Global markets complete reaction of this news should be understood and finally sustaining beyond 10050-10131 should be watched for next Short Term Trend confirmations.

Market Outlook(14-09-2017)

As not feeling well today therefore only small Outlook is being updated.

Following lines were told at 08:19 AM on 13-09-2017 in "Firstly watch levels for next decisive moves":-

Nifty will prepare for next decisive moves within 10050-10111. Valid break out of this range should be firstly watched for fresh up moves after new life time highest formation above 10050 or Very Short Term correction below 10050. 

Nifty moved above 10111 but could not sustain after higher levels selling between 10120-10131 and closed within mentioned trading range at 10,079.30 today. As minor consolidation Patterns formations also seen therefore today trading will be understood with Mixed Patterns formation and firstly Nifty has to prepare for next decisive moves between 10050-10131 and finally sustaining it beyond will confirm next trend which should be watched for confirmations.

Firstly watch levels for next decisive moves

Market Outlook(13-09-2017)

As busy therefore Intra Day Chart Analysis is not being updated. 

Indian markets are Bullish but indicators are overbought and Nifty closed within last resistance range(10072-10111) yesterday therefore today will be next decisive moves preparation day because market to consolidate for decisive up moves and fresh selling is required for any type of correction.

As some Asian markets are weak today morning therefore negative opening may be seen and Nifty will prepare for next decisive moves within 10050-10111. Valid break out of this range should be firstly watched for fresh up moves after new life time highest formation above 10050 or Very Short Term correction below 10050. 

Rally continuation after follow up consolidation

Intra Day Chart Analysis & Market Outlook

(12-09-2017)

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

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Technical Patterns formation in today intraday charts

1- Consolidation between 9969-9990
2- Sharp up
3- Consolidation between 10004-10012
4- Mixed Patterns formation between 10017-10029
5- Sharp fall in last half hour
6- Whole day actual trading between 9969-10029

Conclusions from intra day chart analysis 

Our all the outlooks of previous week are live proofs of this fact we updated only Bullish views despite crashing like most Global markets due to North Korea’s hydrogen-bomb test. 

As good intraday consolidation today therefore rally continuation is expected above 10000 but some follow up consolidation is also required near about today highest because mixed Patterns formation at higher levels of the day today.

Bullish view

Intra Day Chart Analysis & Market Outlook

(08-09-2017)

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

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Technical Patterns formation in today intraday charts

1- All the Down moves in Bullish Falling Channels
2- Whole day actual trading between 9912-9964

Conclusions from intra day chart analysis 

Although today closing near the lower levels of the day but no selling Patterns formation and all the Down moves in Bullish Falling Channels therefore same following Bullish view which is being updated for the last 2 sessions:-

finally rally continuation is expected above 9963.10 in the coming sessions

Finally rally continuation

Intra Day Chart Analysis & Market Outlook

(07-09-2017)

Nifty-Intra Day Chart (06-Sep-2017):-

Just click on chart for its enlarged view

Technical Patterns formation and Formations in today intraday charts

1- Consolidation between 9883-9910
2- Up moves with intraday correction
3- Consolidation Patterns formations in last hours
4- Whole day actual trading between 9883-9931

Conclusions from intra day chart analysis 

As Dow jones crashed 234 points yesterday therefore all the Asian markets were weak and some were in deep Red today morning resultant whole day negative zone trading after weaker opening. As whole day intraday consolidation Patterns formations therefore following same view which was updated yesterday in "Finally rally continuation despite crashing like US markets":- 

finally rally continuation is expected above today highest(9963.10) in the coming 1/2 sessions