As I shall be out of station in next week therefore Stock Market Outlook updating will be restarted from
20-11-2017.
20-11-2017.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Firstly Watch levels for on going correction continuation/completion
Intra Day Chart Analysis & Market Outlook
(10-11-2017)
Nifty-Intra Day Chart (09-Nov-2017):-
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| 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 intraday corrections
3- Whole day actual trading between 10267-10368
Conclusions from intra day chart analysis
Although strong opening but first 4 hours Down moves in Bullish Falling Channel and after that last 2 hours up moves with intraday corrections therefore today whole day trading will be understood with consolidation patterns formations which means emergence of Pull Back rally expectations.
As sharp fall in US and European markets therefore SGX Nifty is now trading more than 50 points down and if such weakness develops in Asian markets also tomorrow morning then weaker opening will be seen in Indian markets but until complete fresh selling will not develop till then Nifty will not sustain below today lowest and firstly sustaining below today lowest should be watched tomorrow for on going correction continuation/completion.
Watch levels for next decisive moves confirmations
Intra Day Chart Analysis & Market
Outlook(09-11-2017)
Nifty-Intra Day Chart (08-Nov-2017):-
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| Just click on chart for its enlarged view |
1- Selling between 10358-10384
2- Down moves in Bullish Falling Channel
3- Up moves in Bearish Rising Channel
4- Consolidation between 10286-10308
5- Whole day actual trading between 10286-10384
Conclusions from intra day chart analysis
Following lines were told yesterday in "Correction continuation":-
1- higher levels good selling therefore today started correction continuation will be considered
2- minor Pull Back Rally above today lowest can not be ruled out
As was told 100% same happened and firstly Nifty traded more than 4 hours above yesterday lowest and finally closed 47 points down today.
As whole day today trading was with both consolidation and selling patterns formations therefore Nifty will firstly trade and prepare for next decisive moves within and near about today trading range(10286-10384) and finally sustaining beyond today trading should be watched for next decisive moves confirmations.
Correction continuation
Intra Day Chart Analysis & Market
Outlook(08-11-2017)
Nifty-Intra Day Chart (07-Nov-2017):-
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| Just click on chart for its enlarged view |
1- Higher levels selling
2- Selling between 10397-10443
3- Double bottom supports at lower levels
4- Whole day actual trading between 10340-10485
Conclusions from intra day chart analysis
Although new life tile high formations but intraday charts were showing selling patterns also therefore we were cautious and updated levels(10413-10461 ) for next big moves confirmations in all the 3 previous outlook and Nifty slipped much below 10413 at 10350.15 today.
As higher levels good selling therefore today started correction continuation will be considered but minor Pull Back Rally above today lowest can not be ruled out because last hour trading with Double bottom supports at lower levels and very short term indicators indicators have turned oversold after whole day down moves today.
Firstly watch levels for next big moves confirmations
Intra Day Chart Analysis & Market
Outlook(06-11-2017)
Nifty-Intra Day Chart (03-Nov-2017):-
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| Just click on chart for its enlarged view |
1- Sharp fall after positive opening
2- Up moves in Bearish Rising Channel
3- 5 Hours trading with Mixed Patterns formation between 10433-10461
4- Whole day actual trading between 10403-10461
Conclusions from intra day chart analysis
Although closing near the higher levels of the day last Friday but complete consolidation was not seen and some selling also developed therefore view will be cautious. As last 5 hours trading with Mixed Patterns formation between 10433-10461 therefore firstly Nifty has to prepare for next decisive moves beyond this range
Following lines were told on 02-11-2017 in "Intra Day Chart Analysis & Market Outlook(03-11-2017)":-
Nifty traded more than 12 hours between 10413-10451 in last 2 sessions and finally valid break out of this range will confirm Short Term correction below 10413 and on going rally continuation above 10451.
Nifty closed just above 10451 at 10452.50 last Friday and traded with Mixed Patterns formation more than 18 hours between 10413-10461 in last 3 sessions therefore firstly Nifty has to prepare for next decisive moves within and near about this trading range and finally sustaining beyond this range will generate next big moves which should be firstly watched for confirmations.
Intra Day Chart Analysis & Market
Outlook(03-11-2017)
Nifty-Intra Day Chart (02-Nov-2017):-Outlook(03-11-2017)
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1- Mixed Patterns formation between 10434-10451
2- Down moves in Bullish Falling Channel
3- Selling between 10429-10444
4- Whole day actual trading between 10413-10451
Conclusions from intra day chart analysis
As both consolidation and selling patterns formations today therefore whole day trading will be understood with Mixed Patterns formations and firstly Nifty has to prepare for next decisive moves within 10413-10451. Nifty traded more than 12 hours between 10413-10451 in last 2 sessions and finally valid break out of this range will confirm Short Term correction below 10413 and on going rally continuation above 10451.
Just watch levels also amid fresh rally beginning possibiilities
Intra Day Chart Analysis & Market Outlook
(01-11-2017)
Nifty-Intra Day Chart (31-Oct-2017):-
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| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channel
2- Up moves with intraday corrections
3- Volatility in last hour
4- Whole day actual trading between 10324-10367
Conclusions from intra day chart analysis
Following lines were told yesterday in "Short Term correction beginning confirmation from levels":-
emergence of Short Term correction possibilities and its beginning confirmation will be sustaining below 10339 which should be firstly watched tomorrow.
Emergence of Short Term correction possibilities was told yesterday and today Red closing was seen just below 10339 at 10335.30 after whole day negative zone trading.
As follow up selling was not seen and consolidation also developed through Down moves in Bullish Falling Channel and Up moves with intraday corrections today therefore signals of some up moves above today highest(10367.70) in the coming sessions.
Last 3 sessions trading near life time higher levels between 10312-10384 with both consolidation and selling therefore its valid break out should be firstly watched in the coming sessions amid fresh rally beginning possibiilities above life time highest because good intraday consolidation today.
Short Term correction beginning confirmation from levels
Intra Day Chart Analysis & Market Outlook
(31-10-2017)
Nifty-Intra Day Chart (30-Oct-2017):-
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1- Higher levels selling between 10370-10384
2- Whole day actual trading between 10345-10384
Conclusions from intra day chart analysis
Following lines were told on 27-10-2017 in "Watch Levels amid Rally continuation ":-
1- rally continuation will be expected in the beginning of next week
2- follow up moves and sustaining beyond 10339-10360 should also be firstly watched for sustaining above 10366.
Rally continuation was seen through strong opening and 40.60 points Green closing after whole day positive zone trading today. As follow up selling was seen between 10370-10384 today therefore Nifty could not sustain above 10366 and closed just above 10339-10360 at 10363.65 today which is between above mentioned levels of 10360 and 10366
As last 2 sessions higher levels selling therefore emergence of Short Term correction possibilities and its beginning confirmation will be sustaining below 10339 which should be firstly watched tomorrow.
Watch Levels amid Rally continuation
Intra Day Chart Analysis & Market Outlook
(30-10-2017)
Nifty-Intra Day Chart (27-Oct-2017):-
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| Just click on chart for its enlarged view |
1- More than 5 hours trading was with Mixed Patterns formation between 10339-10360
2- Last hour Down moves in Bullish Falling Channel
3- Whole day actual trading between 10312-10366
Conclusions from intra day chart analysis
Rally continuation was told and it was seen also through Green opening and most time positive zone trading on 27-10-2017.
Although last Friday closing was near the lower levels of the day but last hour Down moves were in Bullish Falling Channel and before that more than 5 hours trading was with Mixed Patterns formation between 10339-10360. As complete selling patterns were not seen therefore view will not be Bearish because until complete selling will not develop till then decisive down moves will not be seen.
Indian markets are Bullish and last Friday like intraday correction are its part for cooling down of sentiments therefore rally continuation will be expected in the beginning of next week but follow up moves and sustaining beyond 10339-10360 should also be firstly watched for sustaining above 10366 because more than 5 hours trading was with Mixed Patterns formation within this range last Friday.
Rally continuation Expectations
Intra Day Chart Analysis & Market Outlook
(27-10-2017)
Nifty-Intra Day Chart (26-Oct-2017):-
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1- Consolidation between 10272-10291
2- Up moves with intraday corrections
3- Consolidation between 10298-10317
4- Sharp up
5- Whole day actual trading between 10272-10355
Conclusions from intra day chart analysis
As whole day only consolidation patterns formations therefore rally continuation is expected in the coming sessions and until Nifty will not sustain below today lowest after complete fresh selling till then decisive down moves will not be seen.
Rally Continuation
Intra Day Chart Analysis & Market Outlook
(25-10-2017)
Nifty-Intra Day Chart (24-Oct-2017):-
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| Just click on chart for its enlarged view |
1- Sharp up after positive opening
1- Down moves in Bullish Falling Channels
3- Whole day actual trading between 10183-10237
Conclusions from intra day chart analysis
Although sharp up after positive opening and slipping till 01:50 PM but all the Down moves were in Bullish Falling Channels therefore rally continuation is expected in the coming sessions because whole day today trading will be understood with consolidation Patterns formations.
Intra Day Chart Analysis & Market Outlook(24-10-2017)
Nifty-Intra Day Chart (23-Oct-2017):-
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| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channels
1- Consolidation between 10125-10142
3- Up moves with intraday corrections
4- Whole day actual trading between 10125-10224
Conclusions from intra day chart analysis
Following lines were told yesterday in "Firstly watch crucial levels for next big moves confirmations":-
1- As selling between 10206-10251 in last 4 sessions therefore it will be immediate resistance of Nifty and immediate supports are between 10154-10166
2- Nifty will firstly trade between crucial levels(10154-10251) and finally sustaining it beyond should be watched for next big moves confirmations.
Immediate supports were told between 10154-10166 and Nifty consolidated within and just below it today therefore these supports have strengthened today. As selling between 10206-10251 and Nifty could not sustaining within it today therefore follow up consolidation is firstly required tomorrow for fresh rally above life time highest.
same view with little change of levels that Nifty will firstly trade between crucial levels(10125-10251) and finally sustaining it beyond should be watched for next big moves confirmations.
Firstly watch crucial levels for next big moves confirmations
Intra Day Charts Analysis & Market Outlook
(23-10-2017)
Nifty-Intra Day Chart (Oct 18 & Oct 19,2017)
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1- First 3 hours trading with Down moves in Bullish Falling Channel on 18-10-2017
2- Last 2 sessions Selling between 10206-10236 on 18-10-2017
3- Sharp fall during Muhurat trading session on 19-10-2017
4- 2 Sessions actual trading between 10123-10236
Conclusions from 2 Sessions intra day chart analysis
Following lines were told on 17-10-2017 in "Emergence of Short Term correction expectations":-
emergence of Short Term correction expectations and valid break down of 10200 will mean deeper correction towards following next supports:-
1- 10154-10166
2- 10024-10046
Although first 3 hours trading with Down moves in Bullish Falling Channel but higher levels follow up selling was also seen on 18-10-2017 therefore sharp fall during Muhurat trading session and closing below first support range on 19-10-2017. Short Term correction expectations was told and it was seen and sustaining below first supports range(10154-10166) will mean deeper correction towards above mentioned 2nd supports range.
As selling between 10206-10251 in last 4 sessions therefore it will be immediate resistance of Nifty and immediate supports are between 10154-10166 hence Nifty will firstly trade and prepare for next decisive moves between 10154-10251.
Expected that Nifty will firstly trade between crucial levels(10154-10251) and finally sustaining it beyond should be watched for next big moves confirmations.
Emergence of Short Term correction expectations
Intra Day Chart Analysis & Market Outlook
(18-10-2017)
Nifty-Intra Day Chart (17-Oct-2017):-
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| Just click on chart for its enlarged view |
1- Support between 10213-10227
2- Selling between 10242-10251
3- Whole day actual trading between 10213-10251
Conclusions from intra day chart analysis
Following lines were told yesterday in "Firstly watch levels next decisive moves confirmations":-
1- View will be cautious(not Bullish)
2- firstly sustaining beyond today trading range should be watched for next decisive moves confirmations.
Cautious view and not Bullish was told and Nifty closed flat today with most time trading within yesterday trading range(10176-10142) with higher levels selling and lower levels supports therefore still expected that Nifty will firstly trade tomorrow between 10200-10251 and prepare for next decisive moves within this range.
As higher levels clear selling in last 2 sessions therefore emergence of Short Term correction expectations and valid break down of 10200 will mean deeper correction towards following next supports:-
1- 10154-10166
2- 10024-10046
Firstly watch levels next decisive moves confirmations
Intra Day Chart Analysis & Market Outlook
(17-10-2017)
Nifty-Intra Day Chart (16-Oct-2017):-
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| Just click on chart for its enlarged view |
1- Selling Patterns formation between 10122-10142
2- Minor supports at lower levels
3- Whole day actual trading between 10176-10142
Conclusions from intra day chart analysis
Although today closing near the higher levels of the day after lower levels minor supports but higher levels selling Patterns formations also in the beginning and last trading hours therefore view will be cautious(not Bullish) and firstly sustaining beyond today trading range should be watched for next decisive moves confirmations.
Rally continuation expectations
Intra Day Chart Analysis & Market Outlook
(16-10-2017)
Nifty-Intra Day Chart (13-Oct-2017):-
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| Just click on chart for its enlarged view |
1- Consolidation between 10140-10171
2- Last more than 2 houts trading with mixed Patterns formation between 10161-10191
3- Whole day actual trading between 10125-10191
Conclusions from intra day chart analysis
Following lines were told on 12-10-2017 in "Rally continuation towards next strong resistances":-
on going rally continuation is expected towards next strong resistances(10140-10171) in the coming sessions.
Strong resistances were told between 10140-10171 and firstly Nifty consolidated 4 hours within this range last Friday before new life time high formations. As last more than 2 houts trading with mixed Patterns formation between 10161-10191 and closing also within it after last 45 minutes slipping from higher levels therefore Nifty has to consolidate within and near about this range for decisive up moves above life time high(10191.90).
As first 4 hours good consolidation last Friday therefore on going rally continuation is expected in the beginning of next week but follow up consolidation is must for sustaining above 10191.90.
Rally continuation towards next strong resistances
Intra Day Chart Analysis & Market Outlook
(13-10-2017)
Nifty-Intra Day Chart (12-Oct-2017):-
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| Just click on chart for its enlarged view |
1- More than 4 hours consolidation between 10008-10036
2- Up moves with intraday corrections
3- Whole day actual trading between 9978-10104
Conclusions from intra day chart analysis
Firstly more than 4 hours consolidation and after that strong rally as well as no intraday selling patterns formations therefore on going rally continuation is expected towards next strong resistances(10140-10171) in the coming sessions.
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